TCR_Public/050820.mbx        T R O U B L E D   C O M P A N Y   R E P O R T E R

           Saturday, August 20, 2005, Vol. 9, No. 197

                          Headlines

COLLINS & AIKMAN: Files Schedules of Assets & Debts
COLLINS & AIKMAN: Accessory Mats' Schedules of Assets & Debts
COLLINS & AIKMAN: Amco's Schedules of Assets & Debts
COLLINS & AIKMAN: Argentina's Schedules of Assets & Debts
COLLINS & AIKMAN: Asia's Schedules of Assets & Debts

COLLINS & AIKMAN: Becker Group's Schedules of Assets & Debts
COLLINS & AIKMAN: Brut Plastics' Schedules of Assets & Debts
COLLINS & AIKMAN: Fabrics' Schedules of Assets & Debts
COLLINS & AIKMAN: Gibraltar's Schedules of Assets & Debts
FOOTSTAR INC: Earns $800,000 of Net Income in July 2005

INTERSTATE BAKERIES: Posts $9MM Net Loss for Period Ended June 25
KEYSTONE CONSOLIDATED: Earns $4.7 Mil. of Net Income in June 2005
MIIX GROUP: Posts $367,178 Cumulative Net Loss in June 2005
SONICBLUE INC: Files June 2005 Monthly Operating Report
SOUTHERN INVESTORS: Posts $25,644 Net Loss for July 2005

TRINITY ENERGY: Earns $4,403 of Net Income in June 2005
WINSTAR COMMS: Posts $12,605 Net Loss in May 2005
WINSTAR COMMS: Posts $4,571 Net Loss in June 2005


                          *********

COLLINS & AIKMAN: Files Schedules of Assets & Debts
---------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.1    Cash on Hand                                           -
B.2    Bank Account                                           -
B.3    Security Deposits                                      -
B.4    Household Goods                                        -
B.5    Books, Art Work & Collectibles                         -
B.6    Wearing Apparel                                        -
B.7    Furs and Jewelry                                       -
B.8    Hobby Equipment                                        -
B.9    Insurance Policy Interests
          ACE American Insurance Company                unknown
          American Guarantee & Liability Insurance      unknown
          American Home Assurance Co.                   unknown
          Arch Specialty Insurance Company              unknown
          Axis Specialty Insurance Company              unknown
          Berkeley Insurance Company                    unknown
          Federal Insurance Company                     unknown
          Global Aerospace                              unknown
          Great American Alliance Insurance Co.         unknown
          Hartford Fire Insurance Co.                   unknown
          Lexington Insurance Company                   unknown
          Liberty Insurance Underwriters, Inc.          unknown
          Lloyds of London                              unknown
          National Union Fire Ins Co of Pittsburgh      unknown
          New Hampshire Ins Co.                         unknown
          Ohio Casualty Insurance Co.                   unknown
          RLI Insurance Company                         unknown
          St. Paul Fire & Marine Insurance Co.          unknown
          Twin City Fire Insurance Company              unknown
          Underwriters at Lloyds London                 unknown
          White Rock Insurance Company                  unknown
          XL Insurance America Inc.                     unknown
          XL Specialty Insurance Co.                    unknown
B.10   Annuities                                              -
B.11   Interest in Retirement Plans                           -
B.12   Stock Interests                               
          Investment in C&A Products Co.             83,367,715
          Others                                        unknown
B.13   Interests in Partnership and Joint Ventures            -
B.14   Government and Corporate Bonds                         -
B.15   Accounts Receivable
B.16   Alimony                                                -
B.17   Other Liquidated Debts                                 -
B.18   Equitable and Future Interests                         -
B.19   Contingent and Non-Contingent Interests                -
B.20   Other Contingent and Non-liquidated Claims             -
B.21   Intellectual Property                                  -
          Apparatus And Method Of Extrusion             unknown
          Apparatus For Fabricating Textile             unknown
          Cup Holder For Confined Spaces                unknown
          Extrusion                                     unknown
          High Temperature Resistant Sewing Threads
             and Method of Making                       unknown
          Interior Trim Spring Clip                     unknown
          Kontinuierliches Verfahren Zum
             Extrudieren Eines Thermoplastischen
             Materials Mit Hohem Fuellstoffgehalt Und
             Vorrichtung Zur Durchfuehrung Des
             Verfahrens                                 unknown
          Plastics Extrusion Method                     unknown
B.22   Licenses, Franchises and Other Intangibles             -
B.23   Vehicles and Accessories                               -
B.24   Boats, Motors and Accessories                          -
B.25   Aircraft and Accessories                               -
B.26   Office Equipment                                       -
B.27   Machinery                                              -
B.28   Inventory                                              -
B.29   Animals                                                -
B.30   Crops                                                  -
B.31   Farming Equipment                                      -
B.32   Farm Supplies                                          -
B.33   Others                                                 -

       TOTAL SCHEDULED ASSETS                       $83,367,715
       ========================================================

C.     Property Claimed as Exempt                Not applicable

D.     Secured Claims
          JPMorgan Chase Bank NA                    105,000,000
          JPMorgan Chase Bank NA                    108,800,000
          JPMorgan Chase Bank NA                    473,000,000
          JPMorgan Chase Bank NA                        927,801
          JPMorgan Chase Bank NA                        575,828
          JPMorgan Chase Bank NA                      3,378,337
          Air & Water Systems Inc.                        4,157

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims
          BNY Midwest Trust Company                 500,000,000
          BNY Midwest Trust Company                  20,739,764
          BNY Midwest Trust Company                 400,900,000
          BNY Midwest Trust Company                  13,429,629
          JPMorgan Chase Bank NA                        unknown

       TOTAL SCHEDULED LIABILITIES               $1,626,755,516
       ========================================================

Headquartered in Troy, Michigan, Collins & Aikman Corporation
-- http://www.collinsaikman.com/-- is a global leader in cockpit  
modules and automotive floor and acoustic systems and is a leading
supplier of instrument panels, automotive fabric, plastic-based
trim, and convertible top systems.  The Company has a workforce of
approximately 23,000 and a network of more than 100 technical
centers, sales offices and manufacturing sites in 17 countries
throughout the world.  The Company and its debtor-affiliates filed
for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case
No. 05-55927).  When the Debtors filed for protection from their
creditors, they listed $3,196,700,000 in total assets and
$2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News,
Issue No. 11; Bankruptcy Creditors' Service, Inc., 215/945-7000)


COLLINS & AIKMAN: Accessory Mats' Schedules of Assets & Debts
-------------------------------------------------------------

A.     Real Property
          7 acres of land with building on site at     $434,559
             1212 7th St. SW, Canton, Ohio 44707
          Land held by Zainesville, Ohio plant           10,000

B.     Personal Property
B.1    Cash on Hand                                       2,000
B.2    Bank Account
          Key Bank Acct No. 42-813-3635                 296,164
B.3    Security Deposits
          American Electric Power                        67,399
          Deposit for Industrial Insurance                1,000
          Fallsway                                       15,040
          Glenmoor Country Club                          30,900
          Miscellaneous Deposits                          3,256
B.9    Insurance Policy Interests                       unknown
B.12   Stock Interests                                  unknown
B.15   Accounts Receivable
          C&A Auto Holding GmbH (Germany)                10,049
          C&A Automotive Exteriors, Inc.                588,716
          C&A Canada, Inc (Canada)                       37,792
          C&A Carpet & Acoustics (MI) Inc.           19,594,089
          C&A Carpet & Acoustics (TN) Inc.           42,015,574
          C&A Plastics, Inc.                                617
          C&A Products Co.                           81,445,624
          Carcorp, Inc.                               5,544,079
          CW Management Corporation                     794,240
          Hopkins Services, Inc.                        404,498
B.21   Intellectual Property                            290,426
B.23   Vehicles and Accessories                               0
B.26   Office Equipment
          Computer Software                              24,706
          Office Furniture & Fixtures                    48,067
B.27   Machinery
          CIP                                           657,129
          Machine & Equipment                         5,979,921
          Tooling                                     2,400,817
B.28   Inventory
          Finished Goods                                619,821
          Raw Material                                2,068,672
          Work in Progress                              407,078
B.33   Others
          Buildings                                   5,726,771
          Crib Supplies                                  25,000
          Ford Returnable Containers (Holmesville)      126,115
          Ford Returnable Containers (Canton)            71,015
          Honda Returnable Containers                    21,747
          Land Improvements                              22,051
          Lease Hold Improvements                        88,006
          Subaru Returnable Containers                    5,189
          Toyota Returnable                               3,957
          Other Assets                                  614,106
                                                   ------------
       TOTAL SCHEDULED ASSETS                      $170,051,630
                                                   ============

C.     Property Claimed as Exempt                Not applicable

D.     Secured Claims
          JPMorgan Chase Bank NA                   $473,000,000
          JPMorgan Chase Bank NA                    108,800,000
          JPMorgan Chase Bank NA                    105,000,000
          JPMorgan Chase Bank NA                      3,378,337
          JPMorgan Chase Bank NA                        927,801
          JPMorgan Chase Bank NA                        575,828

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims
          BNY Midwest Trust Company                 500,000,000
          BNY Midwest Trust Company                 400,900,000
          BNY Midwest Trust Company                  20,739,764
          BNY Midwest Trust Company                  13,429,629
          C&A Fabrics, Inc.                         126,499,071
          ISP Elastomer                               1,109,071
          JPS Automotive, Inc.                        4,006,820
          Others                                      5,794,149
                                                 --------------
       TOTAL SCHEDULED LIABILITIES               $1,072,478,504
                                                 ==============

Headquartered in Troy, Michigan, Collins & Aikman Corporation
-- http://www.collinsaikman.com/-- is a global leader in cockpit  
modules and automotive floor and acoustic systems and is a leading
supplier of instrument panels, automotive fabric, plastic-based
trim, and convertible top systems.  The Company has a workforce of
approximately 23,000 and a network of more than 100 technical
centers, sales offices and manufacturing sites in 17 countries
throughout the world.  The Company and its debtor-affiliates filed
for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case
No. 05-55927).  When the Debtors filed for protection from their
creditors, they listed $3,196,700,000 in total assets and
$2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News,
Issue No. 12; Bankruptcy Creditors' Service, Inc., 215/945-7000)


COLLINS & AIKMAN: Amco's Schedules of Assets & Debts
----------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.12   Stock Interests                                  unknown
B.15   Accounts Receivable
          Intercompany from Dura                     25,899,701
             Convertible Systems, Inc.
          Trade Receivables                              30,258
B.28   Inventory
          Raw Material Freight Purchases Toluca       2,617,139
          WIP Toluca                                    245,123
                                                    -----------
       TOTAL SCHEDULED ASSETS                       $28,792,221
                                                    ===========

C.     Property Claimed as Exempt                Not applicable

D.     Secured Claims
          JPMorgan Chase Bank N.A.                 $473,000,000
          JPMorgan Chase Bank N.A.                  108,800,000
          JPMorgan Chase Bank N.A.                  105,000,000
          JPMorgan Chase Bank N.A.                    3,378,337
          JPMorgan Chase Bank N.A.                      927,801
          JPMorgan Chase Bank N.A.                      575,828
          The Chase Manhattan Bank                      Unknown

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims
          BNY Midwest Trust Company                 500,000,000
          BNY Midwest Trust Company                 400,900,000
          BNY Midwest Trust Company                  20,739,764
          BNY Midwest Trust Company                  13,429,629
          C&A Products Co.                            9,143,098
          Dura De Mexico                              4,845,199
          Others                                      1,414,212
                                                   ------------
       TOTAL SCHEDULED LIABILITIES                 $950,471,902
                                                   ============

Headquartered in Troy, Michigan, Collins & Aikman Corporation
-- http://www.collinsaikman.com/-- is a global leader in cockpit  
modules and automotive floor and acoustic systems and is a leading
supplier of instrument panels, automotive fabric, plastic-based
trim, and convertible top systems.  The Company has a workforce of
approximately 23,000 and a network of more than 100 technical
centers, sales offices and manufacturing sites in 17 countries
throughout the world.  The Company and its debtor-affiliates filed
for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case
No. 05-55927).  When the Debtors filed for protection from their
creditors, they listed $3,196,700,000 in total assets and
$2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News,
Issue No. 12; Bankruptcy Creditors' Service, Inc., 215/945-7000)


COLLINS & AIKMAN: Argentina's Schedules of Assets & Debts
---------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.1    Cash on Hand                                       1,861
B.12   Stock Interests                                  unknown
B.15   Accounts Receivable                               30,749
B.17   Other Liquidated Debts                            26,997
                                                        -------
       TOTAL SCHEDULED ASSETS                           $59,607
                                                        =======

C.     Property Claimed as Exempt                Not applicable

D.     Secured Claims
          JP Morgan Chase Bank                          unknown
          JPMorgan Chase Bank N.A.                 $473,000,000
          JPMorgan Chase Bank N.A.                  108,800,000
          JPMorgan Chase Bank N.A.                  105,000,000
          JPMorgan Chase Bank N.A.                    3,378,337
          JPMorgan Chase Bank N.A.                      927,801
          JPMorgan Chase Bank N.A.                      575,828

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims
          JPMorgan Chase Bank N.A.                      unknown
          BNY Midwest Trust Company                 500,000,000
          BNY Midwest Trust Company                 400,900,000
          BNY Midwest Trust Company                  20,739,764
          BNY Midwest Trust Company                  13,429,629
                                                   ------------
       TOTAL SCHEDULED LIABILITIES                 $935,069,393
                                                   ============

Headquartered in Troy, Michigan, Collins & Aikman Corporation
-- http://www.collinsaikman.com/-- is a global leader in cockpit  
modules and automotive floor and acoustic systems and is a leading
supplier of instrument panels, automotive fabric, plastic-based
trim, and convertible top systems.  The Company has a workforce of
approximately 23,000 and a network of more than 100 technical
centers, sales offices and manufacturing sites in 17 countries
throughout the world.  The Company and its debtor-affiliates filed
for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case
No. 05-55927).  When the Debtors filed for protection from their
creditors, they listed $3,196,700,000 in total assets and
$2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News,
Issue No. 12; Bankruptcy Creditors' Service, Inc., 215/945-7000)


COLLINS & AIKMAN: Asia's Schedules of Assets & Debts
----------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.1    Cash on Hand                                       1,266
B.2    Bank Account                                     113,437
B.3    Security Deposits
          NTT Telephone Services
          UFJ Sogoh Kanri K.K.                              261
             Car Package Deposit
B.9    Insurance Policy Interests                       unknown
B.12   Stock Interests                                  unknown
B.17   Other Liquidated Debts
          C&A Asia (Eng & Des)                          113,905
          C&A Asia (Prepaids-Textron)                     1,424
          C&A Asia (VAT-Kanagawa)                         4,982
B.26   Office Equipment
          Computer Equipment (Japan Plant)
          Furniture & Fixtures (Japan Plant)
          Software (Japan Plant)
B.33   Others                                            22,043
                                                       --------
       TOTAL SCHEDULED ASSETS                          $309,264
                                                       ========

C.     Property Claimed as Exempt                Not applicable

D.     Secured Claims
          JPMorgan Chase Bank NA                   $105,000,000
          JPMorgan Chase Bank NA                    108,800,000
          JPMorgan Chase Bank NA                    473,000,000
          JPMorgan Chase Bank NA                      3,378,337
          JPMorgan Chase Bank NA                        927,801
          JPMorgan Chase Bank NA                        575,828

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims
          C&A Automotive Exteriors, Inc.                151,032
          C&A Products Co.                              707,619
          JPMorgan Chase Bank N.A.                      unknown
          BNY Midwest Trust Company                 500,000,000
          BNY Midwest Trust Company                 400,900,000
          BNY Midwest Trust Company                  20,739,764
          BNY Midwest Trust Company                  13,429,629
                                                 --------------
       TOTAL SCHEDULED LIABILITIES               $1,627,610,010
                                                 ==============

Headquartered in Troy, Michigan, Collins & Aikman Corporation
-- http://www.collinsaikman.com/-- is a global leader in cockpit  
modules and automotive floor and acoustic systems and is a leading
supplier of instrument panels, automotive fabric, plastic-based
trim, and convertible top systems.  The Company has a workforce of
approximately 23,000 and a network of more than 100 technical
centers, sales offices and manufacturing sites in 17 countries
throughout the world.  The Company and its debtor-affiliates filed
for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case
No. 05-55927).  When the Debtors filed for protection from their
creditors, they listed $3,196,700,000 in total assets and
$2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News,
Issue No. 12; Bankruptcy Creditors' Service, Inc., 215/945-7000)


COLLINS & AIKMAN: Becker Group's Schedules of Assets & Debts
------------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.1    Cash on Hand                                       2,050
B.2    Bank Account                                      21,602
B.3    Security Deposits                                 60,246
B.9    Insurance Policy Interests                       unknown
B.12   Stock Interests                                  unknown
B.13   Interests in Partnership and Joint Ventures    2,221,465
B.15   Accounts Receivable
          C&A Auto Holding GmbH (Germany)                 6,760
          C&A Automotive Canada Co.                   1,525,252
          C&A Automotive Exteriors, Inc.            204,393,722
          C&A Automotive Systems AB                     287,700
          C&A Carpet & Acoustics (TN) Inc.            1,072,091
          C&A Mobis, LLC                                199,465
          Carcorp, Inc.                              14,806,715
          Owosso Thermal Forming, LLC                    27,978
          Textron Sa de CV (Mex)                          3,600
B.26   Office Equipment
          Havre De Grace Furniture                       59,885
          Nashville Furniture & Fixtures                 17,665
          Becker Tool Office Furniture & Fixtures        52,562
B.27   Machinery
          O'Fallon Machinery & Equipment                474,178
          Havre De Grace Machinery & Equipment        7,038,851
          Nashville Machinery & Equipment             5,069,203
          Becker Tool Machinery & Equipment           4,460,994
B.28   Inventory
          Havre de Grace Chemicals                       50,203
          Havre de Grace Chemicals Injection Mold       156,073
          Havre de Grace Finished Goods                 929,466
          Nashville Finished Goods                      477,260
          Havre de Grace Hardware                        43,503
          Havre de Grace Raw Material                   180,539
          Nashville Raw Material                      2,946,067
          Havre de Grace WIP                              1,215
          Nashville WIP                                (340,494)
B.33   Others
          Other long-term assets O'Fallon               483,687
          Havre de Grace Prepaid property tax            80,279
          Havre de Grace Contract Settlement             70,713
          Nashville Buildings                           766,039
          Havre de Grace Buildings                    1,940,345
          Tooling                                    22,044,576
          Prepaid Expenses                            1,412,669
          Other Assets                                9,138,670
                                                   ------------
       TOTAL SCHEDULED ASSETS                      $282,182,797
                                                   ============

C.     Property Claimed as Exempt                Not applicable

D.     Secured Claims
          JPMorgan Chase Bank NA                   $105,000,000
          JPMorgan Chase Bank NA                    108,800,000
          JPMorgan Chase Bank NA                    473,000,000
          JPMorgan Chase Bank NA                      3,378,337
          JPMorgan Chase Bank NA                        927,801
          JPMorgan Chase Bank NA                        575,828

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims
          BNY Midwest Trust Company                 500,000,000
          BNY Midwest Trust Company                 400,900,000
          BNY Midwest Trust Company                  20,739,764
          BNY Midwest Trust Company                  13,429,629
          C&A Products Co.                          254,737,442
          C&A Plastics, Inc.                         91,255,613
          C&A Automotive Interiors, Inc.              5,371,947
          C&A Intellimold, Inc.                         168,433
          JPMorgan Chase Bank                           unknown
          JPS Automotive, Inc.                        5,371,947
          Others                                     1,5318,044
                                                 --------------
       TOTAL SCHEDULED LIABILITIES               $1,307,292,819
                                                 ==============

Headquartered in Troy, Michigan, Collins & Aikman Corporation
-- http://www.collinsaikman.com/-- is a global leader in cockpit  
modules and automotive floor and acoustic systems and is a leading
supplier of instrument panels, automotive fabric, plastic-based
trim, and convertible top systems.  The Company has a workforce of
approximately 23,000 and a network of more than 100 technical
centers, sales offices and manufacturing sites in 17 countries
throughout the world.  The Company and its debtor-affiliates filed
for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case
No. 05-55927).  When the Debtors filed for protection from their
creditors, they listed $3,196,700,000 in total assets and
$2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News,
Issue No. 12; Bankruptcy Creditors' Service, Inc., 215/945-7000)


COLLINS & AIKMAN: Brut Plastics' Schedules of Assets & Debts
------------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.9    Insurance Policy Interests                       unknown
B.12   Stock Interests                                  unknown
                                                        -------
       TOTAL SCHEDULED ASSETS                                $0
                                                        =======

C.     Property Claimed as Exempt                Not applicable

D.     Secured Claims
          Caterpillar Financial Services Corp.          unknown
          Comerica Bank                                 unknown
          JPMorgan Chase Bank N.A.                 $473,000,000
          JPMorgan Chase Bank N.A.                  108,800,000
          JPMorgan Chase Bank N.A.                  105,000,000
          JPMorgan Chase Bank N.A.                    3,378,337
          JPMorgan Chase Bank N.A.                      927,801
          JPMorgan Chase Bank N.A.                      575,828

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims
          BNY Midwest Trust Company                 500,000,000
          BNY Midwest Trust Company                  20,739,764
          BNY Midwest Trust Company                 400,900,000
          BNY Midwest Trust Company                  13,429,629
          JPMorgan Chase Bank N.A.                      unknown
                                                   ------------
       TOTAL SCHEDULED LIABILITIES                 $935,069,393
                                                   ============

Headquartered in Troy, Michigan, Collins & Aikman Corporation
-- http://www.collinsaikman.com/-- is a global leader in cockpit  
modules and automotive floor and acoustic systems and is a leading
supplier of instrument panels, automotive fabric, plastic-based
trim, and convertible top systems.  The Company has a workforce of
approximately 23,000 and a network of more than 100 technical
centers, sales offices and manufacturing sites in 17 countries
throughout the world.  The Company and its debtor-affiliates filed
for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case
No. 05-55927).  When the Debtors filed for protection from their
creditors, they listed $3,196,700,000 in total assets and
$2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News,
Issue No. 12; Bankruptcy Creditors' Service, Inc., 215/945-7000)


COLLINS & AIKMAN: Fabrics' Schedules of Assets & Debts
------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.1    Cash on Hand                                       6,800
B.2    Bank Account                                       6,000
B.3    Security Deposits
          ADT                                             1,525
          BB&T Factors Corp.                                440
          Brenntag Southeast                             12,374
          CFS Enterprise                                    806
          Chemical Sales                                  2,000
          Davis Enterprises                               7,500
          Instron                                           230
          O'Mara                                        unknown
          O'Mara % Wachovia                                 294
          Southern Yarn Dyers                                50
          Yarn Samples                                  215,955
          Yarn Samples                                  172,566
          Yarn Samples                                   18,264
B.9    Insurance Policy Interests                       unknown
B.12   Stock Interests                                  unknown
B.15   Accounts Receivable
          C&A Accessory Mats, Inc.                  126,499,071
          C&A Automotive Exteriors, Inc.                  7,750
          C&A Automotive Interiors, Inc.              2,997,196
          C&A Carpet & Acoustics (TN), Inc.              26,342
          C&A Holdings SA de CV (Mex)                    35,900
          C&A Plastics, Inc.                            841,712
          Carcorp, Inc.                               3,837,118
          Dura Convertible Systems, Inc.                 41,349
          JPS Automotive, Inc.                        1,466,729
          Owosso Thermal Forming LLC                        640
          Southwest Laminates, Inc.                  88,478,872
B.26   Office Equipment
          Farmville Furniture & Fixtures                187,623
          Farmville Software                             10,469
          Lowell Office Furniture & Fixtures             28,623
          Roxboro Furniture & Fixtures                  545,361
          Roxboro Software                               10,460
B.27   Machinery
          Farmville Machinery & Equipment            14,513,128
          Farmville Computer Equipment                  258,495
          Farmville Construction in Progress          1,620,698
          Lowell Machinery & Equipment                1,484,799
          Lowell Construction in Progress               291,782
          Roxboro Machinery & Equipment              22,313,644
          Roxboro Large Computer Equipment              213,045
          Roxboro Small Computer Equipment               77,343
          Roxboro Construction in Progress              137,065
B.28   Inventory
          Farmville Finished Goods                    2,991,159
          Farmville Raw Materials                     5,613,891
          Farmville Work In Process                   1,471,739
          Lowell Finished Yarn                          108,959
          Lowell Raw Yarn, Dyes & Chemicals             351,041
          Lowell Work In Process                        879,224
          Roxboro Finished Goods                      4,061,411
          Roxboro Raw Materials                       6,509,953
          Roxboro Work In Process                       668,514
          Various Other Inventory                     1,194,308
B.33   Others
          Farmville Leasehold Improvements & Others     321,127
          Lowell Gain/Loss Sale Leaseback                28,945
          Lowell Lease Improvements-Building          1,555,282
          Lowell Other Intangibles                      209,524
          Roxboro Lease Hold Improvements             1,104,583
          Roxboro Loss on Sale Leaseback              5,574,322
          Various Other Assets                        3,626,665
                                                   ------------
       TOTAL SCHEDULED ASSETS                      $302,640,664
                                                   ============

C.     Property Claimed as Exempt                Not applicable

D.     Secured Claims
          Carcorp, Inc.                                 unknown
          Fleet National Bank                           unknown
          General Electric Capital Corporation          unknown
          Joan Fabrics Corporation                      unknown
          JPMorgan Chase Bank                           unknown
          JPMorgan Chase Bank N.A.                 $473,000,000
          JPMorgan Chase Bank N.A.                  105,000,000
          JPMorgan Chase Bank N.A.                  108,800,000
          JPMorgan Chase Bank N.A.                    3,378,337
          JPMorgan Chase Bank N.A.                      927,801
          JPMorgan Chase Bank N.A.                      575,828
          The Chase Manhattan Bank                      unknown

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims
          BNY Midwest Trust Company                 500,000,000
          BNY Midwest Trust Company                 400,900,000
          BNY Midwest Trust Company                  20,739,764
          BNY Midwest Trust Company                  13,429,629
          C&A Products Co.                          370,075,164
          Carpet & Acoustics SA de CV                 1,456,223
          UNIFI, Inc.                                 6,628,187
          Others                                      8,162,921
                                                 --------------
       TOTAL SCHEDULED LIABILITIES               $1,321,391,888
                                                 ==============

Headquartered in Troy, Michigan, Collins & Aikman Corporation
-- http://www.collinsaikman.com/-- is a global leader in cockpit  
modules and automotive floor and acoustic systems and is a leading
supplier of instrument panels, automotive fabric, plastic-based
trim, and convertible top systems.  The Company has a workforce of
approximately 23,000 and a network of more than 100 technical
centers, sales offices and manufacturing sites in 17 countries
throughout the world.  The Company and its debtor-affiliates filed
for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case
No. 05-55927).  When the Debtors filed for protection from their
creditors, they listed $3,196,700,000 in total assets and
$2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News,
Issue No. 12; Bankruptcy Creditors' Service, Inc., 215/945-7000)


COLLINS & AIKMAN: Gibraltar's Schedules of Assets & Debts
---------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.1    Cash on Hand                                       9,933
B.12   Stock Interests                              120,948,761
B.15   Accounts Receivable                           41,630,781
                                                   ------------
       TOTAL SCHEDULED ASSETS                      $162,589,475
                                                   ============

C.     Property Claimed as Exempt                Not applicable

D.     Secured Claims
          JPMorgan Chase Bank N.A.                 $473,000,000
          JPMorgan Chase Bank N.A.                  108,800,000
          JPMorgan Chase Bank N.A.                  105,000,000
          JPMorgan Chase Bank N.A.                    3,378,337
          JPMorgan Chase Bank N.A.                      927,801
          JPMorgan Chase Bank N.A.                      575,828
          JPMorgan Chase Bank                           unknown

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims
          Accrued Foreign Taxes Payable                  18,853
          BNY Midwest Trust Company                 500,000,000
          BNY Midwest Trust Company                 400,900,000
          BNY Midwest Trust Company                  20,739,764
          BNY Midwest Trust Company                  13,429,629
          C&A Europe, Inc.                           41,558,380
          C&A Luxembourg SA (LUXCO2)                     16,318
          C&A Products Co.                               23,351
          JPMorgan Chase Bank N.A.                      unknown
                                                 --------------
       TOTAL SCHEDULED LIABILITIES               $1,668,368,261
                                                 ==============

Headquartered in Troy, Michigan, Collins & Aikman Corporation
-- http://www.collinsaikman.com/-- is a global leader in cockpit  
modules and automotive floor and acoustic systems and is a leading
supplier of instrument panels, automotive fabric, plastic-based
trim, and convertible top systems.  The Company has a workforce of
approximately 23,000 and a network of more than 100 technical
centers, sales offices and manufacturing sites in 17 countries
throughout the world.  The Company and its debtor-affiliates filed
for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case
No. 05-55927).  When the Debtors filed for protection from their
creditors, they listed $3,196,700,000 in total assets and
$2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News,
Issue No. 12; Bankruptcy Creditors' Service, Inc., 215/945-7000)


FOOTSTAR INC: Earns $800,000 of Net Income in July 2005
-------------------------------------------------------
On Aug. 17, 2005, Footstar, Inc., and its debtor-affiliates filed
their monthly operating report for the period from July 3, 2005,
to July 30, 2005, with the U.S. Bankruptcy Court for the Southern
District of New York.

The Debtors reported an $800,000 net income on $48,400,000 of net
sales for the period from July 3, 2005, to July 30, 2005.  The
Debtors also reported a cumulative net loss of $41,000,000 on
$1,111,900,000 of net sales from March 3, 2004, through July 30,
2005.

At July 30, 2005, Footstar, Inc.'s consolidated balance sheet
showed:

      Total Current Assets                      $369,200,000
      Total Assets                               413,200,000
      Current Liabilities Subject to Compromise  176,700,000
      Total Liabilities                          349,100,000
      Total Shareholders' Equity                 $64,100,000

A full-text copy of Footstar, Inc.'s Monthly Operating Report for
the period from July 3, 2005, to July 30, 2005, is available at no
charge at:

              http://ResearchArchives.com/t/s?e8

Headquartered in West Nyack, New York, Footstar Inc., retails
family and athletic footwear.  As of August 28, 2004, the Company
operated 2,373 Meldisco licensed footwear departments nationwide
in Kmart, Rite Aid and Federated Department Stores.  The Company
also distributes its own Thom McAn brand of quality leather
footwear through Kmart, Wal-Mart and Shoe Zone stores.  The
Company and its debtor-affiliates filed for chapter 11 protection
on March 3, 2004 (Bankr. S.D.N.Y. Case No. 04-22350).  Paul M.
Basta, Esq., at Weil Gotshal & Manges represents the Debtors in
their restructuring efforts.  When the Debtor filed for chapter 11
protection, it listed $762,500,000 in total assets and
$302,200,000 in total debts.


INTERSTATE BAKERIES: Posts $9MM Net Loss for Period Ended June 25
-----------------------------------------------------------------

          Interstate Bakeries Corporation and Subsidiaries
           Unaudited Consolidated Monthly Operating Report
                   Four Weeks Ended June 25, 2005

REVENUE

Gross Income                                       $254,370,698
Less Cost of Goods Sold
    Ingredients, Packaging, & Outside Purchasing     60,049,610
    Direct & Indirect Labor                          48,212,623
    Overhead & Production Administration             11,483,834
                                                   ------------
    Total Cost of Goods Sold                        119,746,067
                                                   ------------
       Gross Profit                                $134,624,631
                                                   ------------

OPERATING EXPENSES

Owner-Draws/Salaries                                          -
Selling & Delivery Employee Salaries                $61,227,033
Advertising and Marketing                             2,084,654
Insurance (Property, Casualty, & Medical)            13,724,510
Payroll Taxes                                         5,204,683
Lease and Rent                                        4,388,570
Telephone and Utilities                               1,084,501
Corporate Expense (Including Salaries)                8,978,300
Other Expenses                                       27,448,595
                                                   ------------
    Total Operating Expenses                       $124,140,845
                                                   ------------
EBITDA                                              $10,483,786

Restructuring & Reorganization Charges               14,068,311
Depreciation and Amortization                         5,991,881
Other Income                                             (1,940)
Gain/Loss Sale of Property                                    -
Interest Expense                                      3,433,545
                                                   ------------
Operating Income (Loss)                             (13,008,011)
Income Tax Expense (Benefit)                         (3,951,944)
                                                   ------------
Net Income (Loss)                                   ($9,056,067)
                                                   ============

CURRENT ASSETS
    Accounts Receivable at end of period           $169,245,808
    Increase (Decrease) in Accounts Receivable       (9,306,264)
    Inventory at end of period                       70,058,447
    Increase (Decrease) in Inventory for period        (138,307)
    Cash at end of period                           149,367,184
    Increase (Decrease) in Cash for period           13,779,548

LIABILITIES
    Increase (Decrease) in Liabilities
       Not Subject to Compromise                      6,107,624
    Increase (Decrease) in Liabilities
       Subject to Compromise                            185,054
    Taxes payable:
       Federal Payroll Taxes                         11,591,931
       State/Local Payroll Taxes                      3,955,233
       State Sales Taxes                                949,318
       Real Estate and Personal Property Taxes       16,094,163
       Other                                          5,337,757
                                                   ------------
       Total Taxes Payable                          $37,928,403
                                                   ============

The Company and seven of its debtor-affiliates filed for chapter
11 protection on September 22, 2004 (Bankr. W.D. Mo. Case No.
04-45814). J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in
their restructuring efforts.  When the Debtors filed for
protection from their creditors, they listed $1,626,425,000 in
total assets and $1,321,713,000 (excluding the $100,000,000 issue
of 6.0% senior subordinated convertible notes due August 15, 2014,
on August 12, 2004) in total debts.  (Interstate Bakeries
Bankruptcy News, Issue No. 25; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


KEYSTONE CONSOLIDATED: Earns $4.7 Mil. of Net Income in June 2005
-----------------------------------------------------------------
On Aug. 15, 2005, Keystone Consolidated Industries, Inc., and its
debtor-affiliates filed their monthly operating report for the
month of July 2005 with the U.S. Bankruptcy Court for the Eastern
District of Wisconsin.

Keystone Consolidated reported a $4,692,372 net income on
$29,440,244 of net sales in July 2005.

At July 31, 2005, Keystone Consolidated's balance sheet shows:

      Current Assets                    $71,790,505
      Total Assets                      307,287,228
      Current Liabilities               154,218,108
      Total Liabilities                 338,083,101
      Stockholders' Deficit            $(32,907,873)

A full-text copy of Keystone Consolidated Industries' July 2005
Monthly Operating Report is available at no charge at:
   
            http://ResearchArchives.com/t/s?e4

Headquartered in Dallas, Texas, Keystone Consolidated Industries,
Inc., makes carbon steel rod, fabricated wire products, including
fencing, barbed wire, welded wire and woven wire mesh for the
agricultural, construction and do-it-yourself markets.  The
Company filed for chapter 11 protection on Feb. 26, 2004,
(Bankr. E.D. Wisc. Case No. 04-22422).  Daryl L. Diesing, Esq., at
Whyte Hirschboeck Dudek S.C., and David L. Eaton, Esq., at
Kirkland & Ellis LLP, represent the Debtors in their restructuring
efforts.  When the Company filed for protection from their
creditors, it listed $196,953,000 in total assets and $365,312,000
in total debts.


MIIX GROUP: Posts $367,178 Cumulative Net Loss in June 2005
-----------------------------------------------------------
On July 25, 2005, The MIIX Group, Inc., and its debtor-affiliate,
New Jersey State Medical Underwriters, Inc., filed their monthly
operating reports for the period from June 1, 2005, to June 30,
2005, with the U.S. Bankruptcy Court for the District of Delaware.

MIIX Group reports a cumulative net loss of $367,178 on $8,293 of
total revenue for the period from Dec. 21, 2004 thru June 30,
2005.  New Jersey State Medical Underwriters, Inc., reports a
cumulative net loss of $374,402 on $2,810,965 of total revenue for
the period from Dec. 21, 2004, thru June 30, 2005.

At June 30, 2005, The MIIX Group's and New Jersey State Medical
Underwriters, Inc.'s balance sheets reflect:

                                                     New Jersey
                                                  State Medical
                             The MIIX Group   Underwriters, Inc.
                             --------------   ------------------
   Total Assets                  $8,448,041          $13,907,139
   Total Liabilities              8,937,488            6,231,194
   Stockholders' Equity           ($489,447)          $7,675,945

A full-text copy of MIIX Group and New Jersey State Medical
Underwriters, Inc.'s monthly operating reports for the period from
June 1, 2005 to June 30, 2005, is available at no charge at:

             http://ResearchArchives.com/t/s?d0

Headquartered in Lawrenceville, New Jersey, The MIIX Group, Inc. -
- http://www.miix.com/-- provides management services to medical  
malpractice insurance companies.  The Company along with its
debtor-affiliate filed for chapter 11 protection on Dec. 20, 2004
(Bankr. D. Del. Case No. 04-13588).  Andrew J. Flame, Esq., at
Drinker Biddle & Reath LLP represents the Debtors in their
restructuring efforts.  When the Debtors filed for protection from
their creditors, they estimated assets between $10 million and $50
million and debts between $10 million and $50 million.


SONICBLUE INC: Files June 2005 Monthly Operating Report
-------------------------------------------------------
At June 30, 2005, SONICblue Incorporated reports that it is
sitting on $78,586,731 of cash, has accrued $720,386 in
postpetition liabilities and faces a $236,604,166 mountain of
prepetition debts.

A full-text copy of SONICblue Inc.'s June 2005 Operating Report is
available at no charge at http://ResearchArchives.com/t/s?ec

Headquartered in Santa Clara, California, SONICblue Incorporated
is involved in the converging Internet, digital media,
entertainment and consumer electronics markets.  The Company,
together with three of its wholly owned subsidiaries, Diamond
Multimedia Systems, Inc., ReplayTV, Inc., and Sensory Science
Corporation, filed voluntary petitions for bankruptcy under
Chapter 11 of the United States Bankruptcy Code in the United
States Bankruptcy Court for the Northern District of California,
San Jose Division (Case No. 03-51775).


SOUTHERN INVESTORS: Posts $25,644 Net Loss for July 2005
--------------------------------------------------------
On Aug. 15, 2005, Southern Investors Service Company, Inc., filed
its monthly operating report for July 2005 with the U.S.
Bankruptcy Court for Southern District of Texas.

Southern Investors reports a net loss of $25,644 on $0 revenues
for the month of July 2005.

At July 31, 2005, Southern Investors' balance sheet reflects:

        Current Assets                     $2,707,254
        Total Assets                        2,707,254
        Post-Petition Liabilities              58,505
        Pre-Petition Liabilities            8,636,056
        Total Liabilities                   8,694,561   
        Total Owner's Equity Deficit      ($5,987,307)

A full-text copy of Southern Investors' monthly operating report
for the month of July 2005 is available at no charge at:

               http://ResearchArchives.com/t/s?ea

Headquartered in Houston, Texas, Southern Investors Service
Company, Inc., manages residential developments and office
buildings that are owned by others.  The Company filed for chapter
11 protection on April 8, 2005. (Bankr. S.D. Tx. Case No. 05-
35538). Basil A. Umari, Esq. of Andrews & Kurth LLP, represents
the Debtors in their restructuring efforts.  When the Debtors
filed for protection from their creditors, they reported assets of
$2,377,000 and Debts totaling $8,607,000.


TRINITY ENERGY: Earns $4,403 of Net Income in June 2005
-------------------------------------------------------
On July 21, 2005, Trinity Energy Resources, Inc., filed its
monthly operating report for the month ended June 2005 with the
United States Bankruptcy Court for the Southern District of Texas,
Houston Division.

Trinity Energy reported a $4,403 net income on $12,536 revenues
for the month from June 1, 2005, to June 30, 2005.

At June 30, 2005, Trinity Energy's balance sheet showed:

      Total Current Assets                   $654,245
      Total Assets                          1,478,567
      Total Liabilities                     1,880,944
      Total Owner's Equity Deficit          ($402,377)

A full-text copy of Trinity Energy's June 2005 monthly operating
report is available at no charge at:

             http://ResearchArchives.com/t/s?d8

Headquartered in Houston, Texas, Trinity Energy Resources, Inc.,
develops and operates proven oil and gas reserves in the Rocky
Mountains, Texas, and Louisiana, with international interests in
the African Republic of Chad.  The Company filed for chapter 11
protection on Jan. 31, 2003 (Bankr. S.D. Tex. Case No. 03-31453).
John William Mahoney, Esq., at Williams Birnberg & Andersen
represents the Debtor in its restructuring efforts.  When the
Debtor filed for protection from its creditors, it listed
$1,009,626 in total assets and $1,619,031 in total debts as of
Sept. 30, 2002.  On April 23, 2003, the Bankruptcy Court appointed
Elizabeth M. Guffy as the Debtor's Chapter 11 Trustee.


WINSTAR COMMS: Posts $12,605 Net Loss in May 2005
-------------------------------------------------

                   Winstar Communications, Inc.
                          Balance Sheet
                        As of May 31, 2005

ASSETS

Unrestricted Cash and Equivalents                   $25,162,419
Restricted Cash and Cash Equivalents                          -
Accounts Receivable (Net)                                     -
Notes Receivable                                              -
Inventories                                                   -
Prepaid Expenses                                              -
Professional Retainers                                        -
Other Current Assets                                          -
                                                   ------------
Total Current Assets                                 25,162,419
                                                   ------------

Real Property and Improvements
   Machinery & Equipment                                      -
   Furniture, Fixtures & Office Equipment                     -
   Leasehold Improvements                                     -
   Vehicles                                                   -
   Less: Accumulated Depreciation                             -
                                                   ------------
   Total Property & Equipment                                 -
                                                   ------------

Loans to Insiders
   Other Assets                                               -
                                                   ------------
   Total Other Assets                                         -
                                                   ------------
TOTAL ASSETS                                        $25,162,419
                                                   ============

LIABILITIES & SHAREHOLDERS' EQUITY

Accounts Payable                                              -
Taxes Payable                                                 -
Wages Payable                                                 -
Notes Payable                                                 -
Rent/Leases - Building/Equipment                              -
Secured Debt/Adequate Projection Payments                     -
Professional Fees                                             -
Amounts Due to Insiders                                       -
Other Post Conversion Liabilities                             -
                                                   ------------
Total Post Conversion Liabilities                             -
                                                   ------------

Secured Debt                                                  -
Priority Debt                                                 -
Unsecured Debt                                                -
                                                   ------------
Total Pre-Conversion Liabilities                              -
                                                   ------------
Owners' Equity
   Capital Stock                                              -
   Additional Paid In Capital                                 -
   Partners' Capital Account                                  -
   Owners' Equity Account                           $57,559,619
   Retained Earnings - Pre-Conversion                         -
   Retained Earnings - Post-Conversion              (32,397,199)
   Adjustments to Owner Equity                                -
   Post Conversion Contributions (Distributions)
      (Draws)                                                 -
                                                   ------------
   Net Owners' Equity                                25,162,419
                                                   ------------
TOTAL LIABILITIES & OWNERS' EQUITY                  $25,162,419
                                                   ============

                   Winstar Communications, Inc.
                     Statement of Operations
                 For the Month Ended May 31, 2005

Gross Revenues                                                -
   Les: Returns and Allowances                                -
                                                   ------------
   Net Revenue                                                -

Beginning Inventory                                           -
   Add: Purchases                                             -
   Add: Cost of Labor                                         -
   Add: Other Costs                                           -
   Less: Ending Inventory                                     -
   Cost of Goods Sold                                         -
                                                   ------------
   Gross Profit                                               -

Advertising                                                   -
Auto and Truck Expense                                        -
Bad Debts                                                     -
Contributions                                                 -
Employee Benefits Program                                     -
Insider Compensation                                          -
Insurance                                                     -
Management Fees/Bonuses                                       -
Office Expense                                                -
Payroll                                                       -
Pension & Profit-Sharing Plan                                 -
Postage                                                       -
Repairs and Maintenance                                       -
Rent and Lease Expenses                                       -
Salaries/Commissions/Fees                                     -
Supplies                                                      -
Taxes - Payroll                                               -
Taxes - Real Estate                                           -
Taxes - Other                                                 -
Travel and Entertainment                                      -
Utilities                                                     -
Other                                                         -
Total Operating Expenses before Depreciation                  -
Depreciation/Depletion/Amortization                           -
                                                   ------------
Net Profit (Loss) before other income and expenses            -

Other Income                                            $42,494
Worker's Comp Refund                                          -
Tax Refund                                                    -
Leasehold Buyback                                             -
Interest Expense                                              -
Other Expense                                               145
Pmt from Sale of Assets - Tera                                -
Compensation as Director per Court Order                      -
Payment per Stipulation                                       -
Pmt from Sale of Assets - American Communications             -
Return of DIP Loan Disbursement                               -
Pmt from Sale of Del Telecom International Stock              -
Pmt per NW Nexus Sale Order                                   -
Pmt per 1/7 Order and APA Agreement                           -
Payment per 2/10/03 Court Order                               -
Pmt PTO Employment Contract                                   -
Turnover of Funds to IDT                                      -
Turnover of Bank Account                                      -
Insurance Expense                                           404
Reimbursement of Expenses                                 1,806
Payroll                                                  17,744
Sale of Assets                                                -
                                                   ------------
Net Profit (Loss) before reorganization Items            22,395

Professional Fees                                             -
U.S. Trustee Quarterly Fees                                   -
Interest Earned on Accumulated Cash from Chapter 11           -
Gain (Loss) from Sale of Equipment                            -
Other Reorganization Expenses                            35,000
                                                   ------------
Total Reorganization Expenses                            35,000
Income Taxes                                                  -
                                                   ------------
Net Profit (Loss)                                      ($12,605)
                                                   ============

No Statement of Cash Receipts and Disbursements in the May 2005
Operating Report.

Headquartered in New York, New York, Winstar Communications, Inc.,
provides broadband services to business customers.  The Company
and its debtor-affiliates filed for chapter 11 protection on April
18, 2001 (Bankr. D. Del. Case Nos. 01-01430 through 01-01462).
The Debtors obtained the Court's approval converting their case to
a chapter 7 liquidation proceeding in January 2002.  Christine C.
Shubert serves as the Debtors' chapter 7 trustee.  When the
Debtors filed for bankruptcy, they listed $4,975,437,068 in total
assets and $4,994,467,530 in total debts.  (Winstar Bankruptcy
News, Issue No. 69; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


WINSTAR COMMS: Posts $4,571 Net Loss in June 2005
-------------------------------------------------

                   Winstar Communications, Inc.
                          Balance Sheet
                       As of June 30, 2005

ASSETS

Unrestricted Cash and Equivalents                   $25,157,849
Restricted Cash and Cash Equivalents                          -
Accounts Receivable (Net)                                     -
Notes Receivable                                              -
Inventories                                                   -
Prepaid Expenses                                              -
Professional Retainers                                        -
Other Current Assets                                          -
                                                   ------------
Total Current Assets                                 25,157,849
                                                   ------------

Real Property and Improvements
   Machinery & Equipment                                      -
   Furniture, Fixtures & Office Equipment                     -
   Leasehold Improvements                                     -
   Vehicles                                                   -
   Less: Accumulated Depreciation                             -
                                                   ------------
   Total Property & Equipment                                 -
                                                   ------------

Loans to Insiders
   Other Assets                                               -
                                                   ------------
   Total Other Assets                                         -
                                                   ------------
TOTAL ASSETS                                        $25,157,849
                                                   ============

LIABILITIES & SHAREHOLDER'S EQUITY

Accounts Payable                                              -
Taxes Payable                                                 -
Wages Payable                                                 -
Notes Payable                                                 -
Rent/Leases - Building/Equipment                              -
Secured Debt/Adequate Projection Payments                     -
Professional Fees                                             -
Amounts Due to Insiders                                       -
Other Post Conversion Liabilities                             -
                                                   ------------
Total Post Conversion Liabilities                             -
                                                   ------------

Secured Debt                                                  -
Priority Debt                                                 -
Unsecured Debt                                                -
                                                   ------------
Total Pre-Conversion Liabilities                              -
                                                   ------------
Owners' Equity
   Capital Stock                                              -
   Additional Paid In Capital                                 -
   Partners' Capital Account                                  -
   Owners' Equity Account                           $57,559,619
   Retained Earnings - Pre-Conversion                         -
   Retained Earnings - Post-Conversion              (32,401,770)
   Adjustments to Owner Equity                                -
   Post Conversion Contributions (Distributions)
      (Draws)                                                 -
                                                   ------------
   Net Owners' Equity                                25,157,849
                                                   ------------
TOTAL LIABILITIES & SHAREHOLDER'S EQUITY            $25,157,849
                                                   ============

                   Winstar Communications, Inc.
                      Statement of Operations
                For the Month Ended June 30, 2005

Gross Revenues                                                -
   Les: Returns and Allowances                                -
                                                   ------------
   Net Revenue                                                -

Beginning Inventory                                           -
   Add: Purchases                                             -
   Add: Cost of Labor                                         -
   Add: Other Costs                                           -
   Less: Ending Inventory                                     -
   Cost of Goods Sold                                         -
                                                   ------------
   Gross Profit                                               -

Advertising                                                   -
Auto and Truck Expense                                        -
Bad Debts                                                     -
Contributions                                                 -
Employee Benefits Program                                     -
Insider Compensation                                          -
Insurance                                                     -
Management Fees/Bonuses                                       -
Office Expense                                                -
Payroll                                                       -
Pension & Profit-Sharing Plan                                 -
Postage                                                       -
Repairs and Maintenance                                       -
Rent and Lease Expenses                                       -
Salaries/Commissions/Fees                                     -
Supplies                                                      -
Taxes - Payroll                                               -
Taxes - Real Estate                                           -
Taxes - Other                                                 -
Travel and Entertainment                                      -
Utilities                                                     -
Other                                                         -
Total Operating Expenses before Depreciation                  -
Depreciation/Depletion/Amortization                           -
                                                   ------------
   Net Profit (Loss) before other income
      and expenses                                            -

Other Income                                            $15,093
Worker's Comp Refund                                          -
Tax Refund                                                    -
Leasehold Buyback                                             -
Interest Expense                                              -
Other Expense                                             1,465
Pmt from Sale of Assets - Tera                                -
Compensation as Director per Court Order                      -
Payment per Stipulation                                       -
Pmt from Sale of Assets - American Communications             -
Return of DIP Loan Disbursement                               -
Pmt from Sale of Del Telecom International Stock              -
Pmt per NW Nexus Sale Order                                   -
Pmt per 1/7 Order and APA Agreement                           -
Payment per 2/10/03 Court Order                               -
Pmt PTO Employment Contract                                   -
Turnover of Funds to IDT                                      -
Turnover of Bank Account                                      -
Insurance Expense                                             -
Reimbursement of Expenses                                 1,206
Payroll                                                  16,993
Sale of Assets                                                -
                                                   ------------
Net Profit (Loss) before reorganization Items            (4,571)

Professional Fees                                             -
U.S. Trustee Quarterly Fees                                   -
Interest Earned on Accumulated Cash from Chapter 11           -
Gain (Loss) from Sale of Equipment                            -
Other Reorganization Expenses                                 -
Total Reorganization Expenses                                 -
Income Taxes                                                  -
                                                   ------------
Net Profit (Loss)                                       ($4,571)
                                                   ============

                  Winstar Communications, Inc.
                 Cash Receipts and Disbursements
               For the Month Ended June 30, 2005

Cash Beginning of Month                             $25,162,419

Receipts:
   Cash Sales                                                 -
   Accounts Receivable                                        -
   Return of DIP Loan Disbursement                            -
   Holding Funds                                              -
   Insurance Refund/Dividend                                  -
   Final Settlement                                           -
   Liquidation of Wells Fargo Acct.                           -
   Liquidation of Fleet Account per stipulation               -
   Transfer from AON                                          -
   Leasehold Buyback                                          -
   Closing of Bank Account                                    -
   Pmt from Sale of Assets - Tera                             -
   Pmt from Sale of Assets - American
      Communications                                          -
   Pmt from Sale of Del Telecom International
      Stock                                                   -
   Transfers                                                  -
   Claim Settlement                                           -
   Refund of Overpayment                                      -
   Tax Refund                                                 -
   Worker's Comp Refund                                       -
   Collection on Preferences                                  -
   Due to Buyer                                               -
   Turnover of Bank Account                                   -
   Reimbursement - Moving Expenses                            -
   Refund of Health Insurance Premium                         -
   Interest                                              15,093
   Wire into Account from Hartford Insurance Co.              -
   Recovery of Refund - Fireman's Fund Insurance Co.          -
   Payment from Sales of Assets                               -
                                                   ------------
   Total Receipts                                       $15,093

Disbursements:
   Employee Benefits                                          -
   Net Payroll                                           16,993
   Payroll Taxes                                              -
   Sales, Use, & Other Taxes                                  -
   Chapter 11 Quarterly Fees                                  -
   Chapter 11 Administrative Claims                           -
   Insurance                                                  -
   Additional Payment of Funds - CTG Revised Acctg            -
   Pmt per NW Nexus Sale Order                                -
   Pmt per 1/7 and APA Agreement                              -
   Advertising Fees                                           -
   License Fees                                               -
   Legal Fees per Court Order                                 -
   Administrative                                           145
   Telephone                                                  -
   Compensation as Director per Count Order                   -
   Distribution per Orders of 12/12/02                        -
   Payment per 2/10/03 Court Order                            -
   Pmt PTO Employment Contract                                -
   Owner Draw                                                 -
   Reimbursement of Check from SF Interactive                 -
   Reimbursement of Expenses                              1,206
   Reimbursement of Expenses per Order of 5/13/03             -
   Turnover of Funds in IDT                                   -
   Trustee Bond                                               -
   Professional Fees                                          -
   Trustee Expense                                            -
   Trustee Commission                                         -
   Bankruptcy Service Payments                                -
   Rent                                                       -
   Moving Expenses                                            -
   Payment Per Stipulation
   Distribution Per Orders of 12/12/02                        -
   Payment of Carve Out per order of 12/11/02                 -
   Payment per stipulation and order of
      4/15/03 - per carve out                                 -
   Per order of 4/15/03 - payment of Chapter 11
      Carve out                                               -
   Pmt per order of 4/15/03 - pmt of
      Carve out Chapter 11 fees                               -
   Attorney's Fees for Counsel for Trustee                1,320
   Accounting Fees for acct. for Chapter 7 Trustee            -
   Tax Consultant Fees                                        -
   Payment - Summary Judgment                                 -
   Payment of Claims                                          -
                                                   ------------
   Total Disbursements                                   19,663
                                                   ------------
   Net Cash Flow                                         (4,571)
                                                   ------------
   Cash - End of Month                              $25,157,849
                                                   ============

Headquartered in New York, New York, Winstar Communications, Inc.,
provides broadband services to business customers.  The Company
and its debtor-affiliates filed for chapter 11 protection on April
18, 2001 (Bankr. D. Del. Case Nos. 01-01430 through 01-01462).
The Debtors obtained the Court's approval converting their case to
a chapter 7 liquidation proceeding in January 2002.  Christine C.
Shubert serves as the Debtors' chapter 7 trustee.  When the
Debtors filed for bankruptcy, they listed $4,975,437,068 in total
assets and $4,994,467,530 in total debts.  (Winstar Bankruptcy
News, Issue No. 69; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


                          *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
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Nothing in the TCR constitutes an offer or solicitation to buy or
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affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.  
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Each Friday's edition of the TCR includes a review about a book of
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For copies of court documents filed in the District of Delaware,
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of Delaware, contact Ken Troubh at Nationwide Research &
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                          *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published by  
Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania,  
USA, and Beard Group, Inc., Frederick, Maryland USA. Yvonne L.  
Metzler, Emi Rose S.R. Parcon, Rizande B. Delos Santos, Jazel P.
Laureno, Cherry Soriano-Baaclo, Marjorie Sabijon, Terence Patrick
F. Casquejo, Jason A. Nieva, Christian Q. Salta, Lucilo Junior M.
Pinili and Peter A. Chapman, Editors.

Copyright 2005.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
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