TCR_Public/051105.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, November 5, 2005, Vol. 9, No. 263

                          Headlines

ALLIED HOLDINGS: Allied Systems Ltd.'s Schedules of Assets & Debts
ALLIED HOLDINGS: Axis Canada's Schedules of Assets & Debts
ALLIED HOLDINGS: Axis Group Inc.'s Schedules of Assets & Debts
ALLIED HOLDINGS: Axis Netherlands' Schedules of Assets & Debts
ALLIED HOLDINGS: Commercial Carriers' Schedules of Assets & Debts

ALLIED HOLDINGS: Cordin Transport's Schedules of Assets & Debts
AMES DEPT: Posts $64,000 Net Loss in Four Weeks Ending July 30
AMES DEPT: Earns $1 Million in Four Weeks Ending August 27
ANCHOR GLASS: Posts $2.3 Million Net Loss in August 2005
ATA AIRLINES: Posts $140 Million Net Loss in September 2005

CATHOLIC CHURCH: Portland's Sept. 2005 Monthly Operating Report
CATHOLIC CHURCH: Spokane's September 2005 Monthly Operating Report
COLLINS & AIKMAN: Earns $24 Million of Net Income in Sept. 2005
INTERSTATE BAKERIES: Posts $8MM Net Loss for Period Ended Sept. 17
KUSHNER-LOCKE: Releases August 2005 Monthly Operating Reports

MERIDIAN AUTOMOTIVE: Posts $12.6 Mil. Net Loss in September 2005
MESABA AVIATION: Files Schedules of Assets & Liabilities
MIIX GROUP: Posts $367,178 Cumulative Net Loss in September 2005
MIRANT CORP: Posts $171.9 Million Net Loss in August 2005
MIRANT CORP: MAGi Posts $210 Million Net Loss in August 2005

NEWPOWER HOLDINGS: Files September 2005 Monthly Operating Report
RELIANCE GROUP: Posts $387,000 Net Loss in September 2005
THAXTON GROUP: Posts $71 Mil. Cumulative Net Loss in Sept. 2005
UAL CORP: Posts $1.5 Billion Net Loss in September 2005


                          *********

ALLIED HOLDINGS: Allied Systems Ltd.'s Schedules of Assets & Debts
------------------------------------------------------------------

A.     Real Property
          Land
             Atlanta, GA                             $2,950,000
             Lawrenceville, GA                        1,575,000
             Louisville, KY                           1,150,000
             Kansas City, MO                          1,530,000
             Cottage Grove, MN                        1,750,000
             Dearborn, MI                             4,800,000
             Marysville, OH                           1,025,000
             Fort Wayne, IN                           2,425,000
             Buffalo, NY                              1,510,000
             Westborough, MA                            520,000
          Structure/Sewer/Paving
             Dearborn, MI                             1,312,017
             Atlanta, GA                                516,871
          Structure/Parking Lot/Electrical
             Kansas City, MO                            829,971
          Building/Truck Maintenance Facility
             Cottage Grove, MN                          602,205
          Dispatch Offices in Buffalo, NY             2,226,773
          Others                                      4,981,048

B.     Personal Property
B.1    Cash on hand                                      12,329
B.2    Bank Accounts                                    121,052
B.3    Security Deposits                                462,177
B.15   Accounts Receivable                           20,947,847
B.17   Other Liquidated Debts
          Corporate Franchise Tax Prepayment in:
             Arkansas                                    19,831
             Indiana                                      8,300
             Louisville, KY                               5,563
             New Jersey                                  18,849
             New York                                    46,075
             Pennsylvania                                 5,992
             Arizona                                      9,974
             California                                  15,267
             Maine                                        4,650
             Minnesota                                   19,283
             Montana                                      4,350
             Utah                                        12,350
             Others                                       6,840
B.23   Vehicles
          Service-Yard Vehicles                         855,400
          Tractors                                   42,950,700
          Trailers                                   36,728,400
B.26   Office Equipment                                   4,787
B.27   Machinery
          Parts and Supplies                          3,452,957
          Machinery, Fixtures, Equipment & Supplies     273,426
B.33   Other Personal Property
          Leasehold Improvements                        569,151
          Software                                       22,860
          Date Processing Equipment                     201,485
          Intercompany Receivables                   90,024,084
          Prepaid Licenses                            2,142,953
          Prepaid Insurance                          16,659,585
          Prepaid Rents                                  31,705
          Prepaid Property Tax                          143,146
          Vehicle Tires                               3,781,246
          Other Prepaid Items                           979,811
          Vehicles Held for Sale                         71,587

       TOTAL SCHEDULED ASSETS                      $250,317,897
                                                  =============

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claim
          Ableco Finance LLC                       $140,354,463
          Banc One Leasing Corporation                  157,624
          BTM Financial & Leasing Corp.                       -
          Fleet Capital Corporation                     155,261
          General Electric Capital Corp.                225,033
          Mercedez Benz Credit Corp.                    105,591
          Merrill Lynch Capital                               -

E.     Unsecured Priority Claims
          Allen County Treasurer                         50,753
          Central States Pension Fund                   130,953
          City of Dearborn                              134,424
          CSX Transportation                             75,000
          Georgia Department of Revenue                  60,427
          Dallas Internal Revenue Service               291,227
          Doraville, GA Internal Revenue Service      1,625,250
          Chicago Int'l. Brotherhood of Teamsters       300,000
          Kentucky State Treasurer                      123,741
          Missouri Department of Revenue                291,463
          Missouri Department of Labor                   44,094
          New Jersey Employment Security                 67,593
          North Carolina Employment Security             38,109
          Sandra Reeves, County Collector, Kansas       101,000
          Michigan Treasury Department                  100,000
          Teamsters Local 25                            204,000
          Tennessee Department of Revenue               130,582
          Texas State Comptroller                        53,569
          West Seneca Central School                     36,000
          Others                                        932,706

F.     Unsecured Non-priority Claims
          Allied Holdings                            23,756,684
          Bandag Incorporated                           287,771
          Comdata Corporation - Fuel                    232,183
          Corporate Lodging                             501,735
          Cottrell, Inc.                                262,690
          Cummins South                                 431,381
          Daimler Chrysler ALZs                         527,378
          Delavan Industries, Inc.                    1,472,226
          Fleet Charge                                  210,079
          Ford Motor Company                            692,328
          FPF Inc.                                    2,579,104
          GM of Canada Ltd., - ALZs                   1,536,005
          Michelin Tire NA                              843,777
          QAT Intercompany Payables                     351,560
          SGS Automotive Service                        650,293
          TM Claims Service/Honda                       247,812
          Toyota Motor Sales Inc.                       401,711
          TSI Intercompany Payables                   2,895,372
          U.S. Security Associates, Inc.                413,792
          Volvo Action Service                        1,027,412
          Others                                      7,259,935

       TOTAL SCHEDULED LIABILITIES                 $192,392,425
                                                  =============

Headquartered in Decatur, Georgia, Allied Holdings, Inc. --  
http://www.alliedholdings.com/-- and its affiliates provide  
short-haul services for original equipment manufacturers and
provide logistical services.  The Company and 22 of its affiliates
filed for chapter 11 protection on July 31, 2005 (Bankr. N.D. Ga.
Case No. 05-12515).  Jeffrey W. Kelley, Esq., at Troutman Sanders,
LLP, represents the Debtors in their restructuring efforts.  When
the Debtors filed for protection from their creditors, they
estimated more than $100 million in assets and debts.  (Allied
Holdings Bankruptcy News, Issue No. 10; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


ALLIED HOLDINGS: Axis Canada's Schedules of Assets & Debts
----------------------------------------------------------

A.     Real Property                                          0

B.     Personal Property
B.1    Cash on hand                                        $327
B.2    Bank Accounts                                    293,079
B.15   Accounts Receivable                              132,710
B.17   Other Liquidated Debts
          Corporate Tax Refund
             Quebec, Canada                               1,847
             Ontario, Canada                              6,157
             Alberta, Canada                              4,964
B.23   Vehicles                                          90,362
B.26   Office Equipment                                  31,798
B.33   Other Personal Property
          Intercompany Receivables                        5,723
          Leasehold Improvements                         75,316

       TOTAL SCHEDULED ASSETS                          $642,284
                                                      =========

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claim                                          0

E.     Unsecured Priority Claims                         74,176

F.     Unsecured Non-priority Claims
          Allied Holdings, Inc.                       1,829,158
          Allied Systems (Canada)                       100,912
          Others                                         80,978

       TOTAL SCHEDULED LIABILITIES                   $2,085,224
                                                    ===========

Headquartered in Decatur, Georgia, Allied Holdings, Inc. --  
http://www.alliedholdings.com/-- and its affiliates provide  
short-haul services for original equipment manufacturers and
provide logistical services.  The Company and 22 of its affiliates
filed for chapter 11 protection on July 31, 2005 (Bankr. N.D. Ga.
Case No. 05-12515).  Jeffrey W. Kelley, Esq., at Troutman Sanders,
LLP, represents the Debtors in their restructuring efforts.  When
the Debtors filed for protection from their creditors, they
estimated more than $100 million in assets and debts.  (Allied
Holdings Bankruptcy News, Issue No. 10; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


ALLIED HOLDINGS: Axis Group Inc.'s Schedules of Assets & Debts
--------------------------------------------------------------

A.     Real Property                                          0

B.     Personal Property
B.2    Bank Accounts                                   $844,087
B.15   Accounts Receivable                            5,714,893
B.17   Other Liquidated Debts
          Georgia Corporate Franchise Tax Refund            845
          Wisconsin Corporate Franchise Tax Prepay           25
B.33   Other Personal Property
          Software                                      707,217
          Intercompany Receivables                    1,772,264
          Leasehold Improvements                            884

       TOTAL SCHEDULED ASSETS                        $9,061,815
                                                    ===========

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claim                                          0

E.     Unsecured Priority Claims                         17,428

F.     Unsecured Non-priority Claims
          Allied Automotive Group                       532,725
          Allied Holdings, Inc.                      32,287,681
          Allied Systems, Ltd.                          303,128
          ARETA                                       1,269,225
          Brothers Auto Transport, Inc.                 130,677
          Champion Auto Carriers, Inc.                  131,272
          Excel Transporting & Towing                   242,016
          Exotic Auto Transport                         344,081
          Logistics Systems LLC                         931,290
          Ogletree, Deakins, Nash, Smoak & Stewart      110,000
          P.A.T. Auto Transport, Inc.                   108,446
          Others                                      2,347,220

       TOTAL SCHEDULED LIABILITIES                  $38,755,190
                                                   ============

Headquartered in Decatur, Georgia, Allied Holdings, Inc. --  
http://www.alliedholdings.com/-- and its affiliates provide  
short-haul services for original equipment manufacturers and
provide logistical services.  The Company and 22 of its affiliates
filed for chapter 11 protection on July 31, 2005 (Bankr. N.D. Ga.
Case No. 05-12515).  Jeffrey W. Kelley, Esq., at Troutman Sanders,
LLP, represents the Debtors in their restructuring efforts.  When
the Debtors filed for protection from their creditors, they
estimated more than $100 million in assets and debts.  (Allied
Holdings Bankruptcy News, Issue No. 10; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


ALLIED HOLDINGS: Axis Netherlands' Schedules of Assets & Debts
--------------------------------------------------------------

A.     Real Property                                          0

B.     Personal Property
B.33   Other Personal Property                             $900

       TOTAL SCHEDULED ASSETS                              $900
                                                          =====

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claim                                          0

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-priority Claims                          0

       TOTAL SCHEDULED LIABILITIES                            0
                                                           ====

Headquartered in Decatur, Georgia, Allied Holdings, Inc. --  
http://www.alliedholdings.com/-- and its affiliates provide  
short-haul services for original equipment manufacturers and
provide logistical services.  The Company and 22 of its affiliates
filed for chapter 11 protection on July 31, 2005 (Bankr. N.D. Ga.
Case No. 05-12515).  Jeffrey W. Kelley, Esq., at Troutman Sanders,
LLP, represents the Debtors in their restructuring efforts.  When
the Debtors filed for protection from their creditors, they
estimated more than $100 million in assets and debts.  (Allied
Holdings Bankruptcy News, Issue No. 10; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


ALLIED HOLDINGS: Commercial Carriers' Schedules of Assets & Debts
-----------------------------------------------------------------

A.     Real Property                                          0

B.     Personal Property
B.2    Bank Accounts
          First Union Bank                               $2,720
          Fleet Bank                                     48,054
B.17   Other Liquidated Debts                                90
B.33   Other Personal Property                        3,022,756

       TOTAL SCHEDULED ASSETS                        $3,073,619
                                                    ===========

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claim                                          0

E.     Unsecured Priority Claims                            162

F.     Unsecured Non-priority Claims
          Allied Systems, Ltd.                          181,372
          McConnell, Frederick                        2,000,000
          Allied Automotive Group, Inc.                   1,250

       TOTAL SCHEDULED LIABILITIES                   $2,182,784
                                                    ===========

Headquartered in Decatur, Georgia, Allied Holdings, Inc. --  
http://www.alliedholdings.com/-- and its affiliates provide  
short-haul services for original equipment manufacturers and
provide logistical services.  The Company and 22 of its affiliates
filed for chapter 11 protection on July 31, 2005 (Bankr. N.D. Ga.
Case No. 05-12515).  Jeffrey W. Kelley, Esq., at Troutman Sanders,
LLP, represents the Debtors in their restructuring efforts.  When
the Debtors filed for protection from their creditors, they
estimated more than $100 million in assets and debts.  (Allied
Holdings Bankruptcy News, Issue No. 10; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


ALLIED HOLDINGS: Cordin Transport's Schedules of Assets & Debts
---------------------------------------------------------------

A.     Real Property                                          0

B.     Personal Property
B.1    Cash on hand                                      $2,800
B.2    Bank Accounts                                      4,968
B.15   Accounts Receivable                               63,369
B.23   Vehicles                                          90,205
B.26   Office Equipment                                     354
B.33   Other Personal Property
          Intercompany Receivables                      616,860
          Leasehold Improvements                         11,844

       TOTAL SCHEDULED ASSETS                          $790,400
                                                      =========

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claim                                          0

E.     Unsecured Priority Claims                         24,834

F.     Unsecured Non-priority Claims                     93,377

       TOTAL SCHEDULED LIABILITIES                     $118,212
                                                      =========

Headquartered in Decatur, Georgia, Allied Holdings, Inc. --  
http://www.alliedholdings.com/-- and its affiliates provide  
short-haul services for original equipment manufacturers and
provide logistical services.  The Company and 22 of its affiliates
filed for chapter 11 protection on July 31, 2005 (Bankr. N.D. Ga.
Case No. 05-12515).  Jeffrey W. Kelley, Esq., at Troutman Sanders,
LLP, represents the Debtors in their restructuring efforts.  When
the Debtors filed for protection from their creditors, they
estimated more than $100 million in assets and debts.  (Allied
Holdings Bankruptcy News, Issue No. 10; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


AMES DEPT: Posts $64,000 Net Loss in Four Weeks Ending July 30
--------------------------------------------------------------

           Ames Department Stores, Inc., and Subsidiaries
          Unaudited Consolidated Condensed Balance Sheets
                          At July 30, 2005
                           (In Thousands)

ASSETS
Current Assets:
          Cash and cash equivalents                      $18,098
          Restricted cash                                 58,561
          Receivables                                      1,288
                                                      ----------
Total current assets                                      77,947
Fixed Assets                                                   -
                                                      ----------
Total Assets                                             $77,947
                                                      ==========

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
         Accounts payable:
         Trade                                            54,479
         Other                                            11,107
                                                      ----------
Total accounts payable                                    65,586

Self-insurance reserves                                   28,159
Accrued expenses                                          19,316
Liabilities subject to compromise                        843,194
                                                      ----------
Total liabilities                                        956,255

Stockholders' equity (deficit)
         Common stock                                        295
         Additional paid-in capital                      533,393
         Accumulated deficit                          (1,411,074)
         Treasury stock                                     (922)
                                                      ----------
Total stockholders' deficit                             (878,308)
                                                      ----------
Total liabilities and stockholders' deficit              $77,947
                                                      ==========

           Ames Department Stores, Inc., and Subsidiaries
     Unaudited Consolidated Condensed Statements of Operations
               For the Four Weeks Ended July 30, 2005
                           (In Thousands)

Total revenue                                               $254

Costs and expenses
         Wind down expenses and other costs                  218
         Gain on Sale of Assets                                -
         Write off of excess reserves                          -
         Professional fees                                   100
                                                      ----------
Income (Loss) before income taxes                            (64)
Income tax provision                                           -
                                                      ----------
Net Income (Loss)                                           ($64)
                                                      ==========

           Ames Department Stores, Inc., and Subsidiaries
     Unaudited Consolidated Condensed Statements of Cash Flows
               For the Four Weeks Ended July 30, 2005
                           (In Thousands)

Cash flows from operating activities:
         Net income (loss)                                  ($64)
         Expenses not requiring the outlay of cash:
            Gain on the sale of assets                         -

Cash provided by operations                                  (64)

Changes in working capital:
         Decrease in receivables                             738
         Decrease in accrued exp. and other liabilities     (434)
         Decrease in accounts payable                      (1065)
         Increase in Restricted Cash                         (72)
                                                      ----------
Net cash provided by operating activities                   (897)
Cash flows from financing activities:
         Change in liabilities subject to compromise         143
         Proceeds from the sale of assets                      -
                                                      ----------
Net cash used by financing activities                        143

Decrease in cash and cash equivalents                       (754)
Cash and cash equivalents, beginning of period            18,852
                                                      ----------
Cash and cash equivalents, end of period                 $18,098
                                                      ==========

Ames Department Stores filed for chapter 11 protection on Aug. 20,
2001 (Bankr. S.D.N.Y. Case No. 01-42217).  Albert Togut, Esq.,
Frank A. Oswald, Esq. at Togut, Segal & Segal LLP and Martin J.
Bienenstock, Esq., and Warren T. Buhle, Esq., at Weil, Gotshal &
Manges LLP represent the Debtors in their restructuring efforts.  
When the Company filed for protection from their creditors, they
listed $1,901,573,000 in assets and $1,558,410,000 in liabilities.
(AMES Bankruptcy News, Issue No. 73; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


AMES DEPT: Earns $1 Million in Four Weeks Ending August 27
----------------------------------------------------------

           Ames Department Stores, Inc., and Subsidiaries
          Unaudited Consolidated Condensed Balance Sheets
                         At August 27, 2005
                           (In Thousands)

ASSETS
Current Assets:
          Cash and cash equivalents                      $17,308
          Restricted cash                                 58,467
          Receivables                                      1,535
                                                      ----------
Total current assets                                      77,310
Fixed Assets                                                   -
                                                      ----------
Total Assets                                             $77,310
                                                      ==========

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
         Accounts payable:
         Trade                                            54,479
         Other                                            10,714
                                                      ----------
Total accounts payable                                    65,193

Self-insurance reserves                                   27,874
Accrued expenses                                          19,068
Liabilities subject to compromise                        842,482
                                                      ----------
Total liabilities                                        954,617

Stockholders' equity (deficit)
         Common stock                                        295
         Additional paid-in capital                      533,393
         Accumulated deficit                          (1,410,073)
         Treasury stock                                     (922)
                                                      ----------
Total stockholders' deficit                             (877,307)
                                                      ----------
Total liabilities and stockholders' deficit              $77,310
                                                      ==========

           Ames Department Stores, Inc., and Subsidiaries
     Unaudited Consolidated Condensed Statements of Operations
              For the Four Weeks Ended August 27, 2005
                           (In Thousands)

Total revenue                                             $1,403

Costs and expenses
         Wind down expenses and other costs                  302
         Gain on Sale of Assets                                -
         Write off of excess reserves                          -
         Professional fees                                   100
                                                      ----------
Income (Loss) before income taxes                          1,001
Income tax provision                                           -
                                                      ----------
Net Income (Loss)                                         $1,001
                                                      ==========

           Ames Department Stores, Inc., and Subsidiaries
     Unaudited Consolidated Condensed Statements of Cash Flows
              For the Four Weeks Ended August 27, 2005
                           (In Thousands)

Cash flows from operating activities:
         Net income (loss)                                $1,001
         Expenses not requiring the outlay of cash:
            Gain on the sale of assets                         -

Cash provided by operations                                1,001

Changes in working capital:
         Increase in receivables                            (247)
         Decrease in accrued exp. and other liabilities     (533)
         Decrease in accounts payable                       (393)
         Decrease in Restricted Cash                          94
                                                      ----------
Net cash provided by operating activities                    (78)
Cash flows from financing activities:
         Change in liabilities subject to compromise        (712)
         Proceeds from the sale of assets                      -
                                                      ----------
Net cash used by financing activities                       (712)

Decrease in cash and cash equivalents                       (790)
Cash and cash equivalents, beginning of period            18,098
                                                      ----------
Cash and cash equivalents, end of period                 $17,308
                                                      ==========

Ames Department Stores filed for chapter 11 protection on Aug. 20,
2001 (Bankr. S.D.N.Y. Case No. 01-42217).  Albert Togut, Esq.,
Frank A. Oswald, Esq. at Togut, Segal & Segal LLP and Martin J.
Bienenstock, Esq., and Warren T. Buhle, Esq., at Weil, Gotshal &
Manges LLP represent the Debtors in their restructuring efforts.  
When the Company filed for protection from their creditors, they
listed $1,901,573,000 in assets and $1,558,410,000 in liabilities.
(AMES Bankruptcy News, Issue No. 73; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


ANCHOR GLASS: Posts $2.3 Million Net Loss in August 2005
--------------------------------------------------------

                 Anchor Glass Container Corporation
     Unaudited Statement of Operations and Comprehensive Loss
               For the month ending August 31, 2005
                           (In Thousands)


Net Sales                                               $65,774

Costs and Expenses
   Costs of products sold                                63,775
   Selling and administrative expenses                    1,886
   Restructuring charges                                     69
                                                    -----------
Income from operations                                       44

Reorganization items                                       (440)
Other expense, net                                         (387)
Interest expense                                         (1,559)
                                                    -----------
Net Loss                                                ($2,342)
                                                    ===========

Anchor Glass Container Corporation delivered to the Court its
operating report for the period from August 8 to 31, 2005.

Anchor Glass did not file its balance sheet.

Anchor Glass Chief Executive Officer Mark S. Burgess discloses
that on August 2, 2005, Anchor Glass' management concluded that
$4,500,000 of payments received from a customer during June 2003
had not been accounted for properly.  The impact of the improper
accounting, net of other adjustments, is to overstate operating
income and net income/loss for the June 2003 quarter by
$4,200,000.  Because key factual issues remain unresolved, Mr.
Burgess says management has been unable to correct accounting for
the $4,500,000 for periods subsequent to June 2003.

Furthermore, Anchor's management discovered that the company's
accounting for two other transactions with the same customer were
recorded in error, resulting, on a preliminary basis, in an:

   * overstatement of the company's net income/loss during 2001
     of $2,000,000 and during 2002 of $1,400,000; and

   * understatement of the company's net income/loss during 2003
     of $500,000 and during 2004 of $1,300,000.

Accordingly, Mr. Burgess says, Anchor's financial statements for
the years 2001 to 2004, and for each quarters therein should not
be relied upon.  Interim financial statements for the periods
ended March 31, 2005, and 2004, as contained in the quarterly
report on Form 10-Q for the period ended March 31, 2005, as filed
with the Securities and Exchange Commission should not also be
relied on.

The impact of the improper accounting and errors on the August
2005 Statement of Operations cannot still be known until Anchor
completes its final review, Mr. Burgess adds.

Headquartered in Tampa, Florida, Anchor Glass Container
Corporation is the third-largest manufacturer of glass containers
in the United States.  Anchor manufactures a diverse line of flint
(clear), amber, green and other colored glass containers for the
beer, beverage, food, liquor and flavored alcoholic beverage
markets.  The Company filed for chapter 11 protection on Aug. 8,  
2005 (Bankr. M.D. Fla. Case No. 05-15606).  Robert A. Soriano,  
Esq., at Carlton Fields PA, represents the Debtor in its
restructuring efforts.  When the Debtor filed for protection from
its creditors, it listed $661.5 million in assets and $666.6
million in debts. (Anchor Glass Bankruptcy News, Issue No. 11;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


ATA AIRLINES: Posts $140 Million Net Loss in September 2005
-----------------------------------------------------------

               ATA Holdings Corp. and Subsidiaries
                     Unaudited Balance Sheet
                     As of September 30, 2005

ASSETS

Current assets:
   Cash and cash equivalents                        $75,367,000
   Receivables,
      net of allowance for doubtful accounts        122,445,000
   Inventories, net                                  41,892,000
   Assets Held for Sale                               2,000,000
   Prepaid expenses and other current assets         33,887,000
                                                 --------------
      TOTAL CURRENT ASSETS                          275,591,000

Property and equipment:
   Flight equipment                                 176,000,000
   Facilities and ground equipment                  142,689,000
   Accumulated depreciation                        (180,758,000)
                                                 --------------
      TOTAL PROPERTY AND EQUIPMENT                  137,931,000

   Restricted cash                                   30,662,000
   Goodwill                                           6,987,000
   Prepaid aircraft rent                                154,000
   Investment in BATA                                 5,222,000
   Deposits and other assets                         26,204,000
                                                 --------------
      TOTAL ASSETS                                 $482,751,000
                                                 ==============

LIABILITIES AND SHAREHOLDERS' DEFICIT

Current liabilities:
   Short Term Debt                                   41,000,000
   Accounts payable                                   6,213,000
   Air traffic liabilities                           88,229,000
   Accrued expenses                                 124,619,000
                                                 --------------
Total current liabilities                           260,061,000

Deferred items                                       31,471,000
Liabilities subject to compromise                 1,636,627,000

Commitments and contingencies

Convertible redeemable preferred stock               30,000,000

Shareholders' deficit:
   Preferred stock; authorized 9,999,200 shares;              -
   Common stock, without par value; authorized       66,013,000
   Treasury stock;                                  (24,778,000)
   Additional paid-in capital                        18,166,000
   Accumulated deficit                           (1,534,809,000)
                                                 --------------
      TOTAL SHAREHOLDERS' DEFICIT                (1,475,408,000)
                                                 --------------
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT        $482,751,000
                                                 ==============

                ATA Holdings Corp. and Subsidiaries
                    Unaudited Income Statement
              For the Month Ended September 30, 2005

Operating revenues:
   Scheduled service                                $43,467,000
   Charter                                           37,300,000
   Ground package                                       661,000
   Other                                              2,406,000
                                                 --------------
      TOTAL OPERATING REVENUES                       83,834,000

Operating expenses:
   Fuel and oil                                      28,497,000
   Salaries, wages and benefits                      17,053,000
   Aircraft rentals                                  11,310,000
   Handling, landing and navigation fees              7,038,000
   Aircraft maintenance, materials and repairs        3,324,000
   Crew and other employee travel                     5,053,000
   Depreciation and amortization                      2,412,000
   Passenger service                                  3,002,000
   Other selling expenses                             1,602,000
   Commissions                                        2,415,000
   Facilities and other rentals                       1,105,000
   Insurance                                          1,070,000
   Ground package cost                                  518,000
   Advertising                                          966,000
   Aircraft impairments and retirements                       -
   Other                                              3,247,000
                                                 --------------
      TOTAL OPERATING EXPENSES                       88,612,000
                                                 --------------
Operating income (loss)                              (4,778,000)

Other income (expense):
   Interest income                                      232,000
   Interest expense                                    (509,000)
   Reorganization expenses                         (135,157,000)
   Other                                                (72,000)
                                                 --------------
      TOTAL OTHER EXPENSE                          (135,506,000)
                                                 --------------
Income (loss) before income taxes                  (140,284,000)

Income taxes                                                  -
                                                 --------------
Net income (loss)                                 ($140,284,000)
                                                 ==============

                ATA Holdings Corp. and Subsidiaries
                         Cash Flow Report
                For the Month Ended September 30, 2005

Cash Flows from Operating Activities:
Net income before reorganization expenses           ($5,127,000)

Adjustments to reconcile net income:
   Depreciation and amortization                      2,412,000
   Other non-cash items                                 121,000

Changes in operating assets and liabilities:
   Receivables                                        6,451,000
   Inventories                                       (4,422,000)
   Prepaid expenses                                   7,466,000
   Accounts payable                                   2,282,000
   Air traffic liabilities                            3,223,000
   Liabilities subject to compromise                 (1,181,000)
   Accrued expenses                                 (14,819,000)
                                                 --------------
NET CASH (USED IN) OPERATING ACTIVITIES              (3,594,000)

Cash Flows from Reorganization Activities:
   Reorganization items, net                       (135,157,000)
   Prepaid expenses                                    (337,000)
   Liabilities subject to compromise                125,491,000
   Accrued Expenses                                   1,791,000
   Receivables                                          382,000
   Other non-cash items                               6,827,000
                                                 --------------
NET CASH (USED IN) REORGANIZATION ACTIVITIES         (1,003,000)

Cash Flows from Investing activities:
   Capital expenditures                              (1,175,000)
   Noncurrent prepaid aircraft rent                       8,000
   Additions to other assets                           (438,000)
   Proceeds from sales of property and equipment        270,000
                                                 --------------
NET CASH (USED IN) INVESTING ACTIVITIES              (1,335,000)

Cash Flows from Financing activities:
   Increase in restricted cash                         (413,000)
                                                 --------------
NET CASH (USED IN) FINANCING ACTIVITIES                (413,000)
                                                 --------------
Decrease in cash and cash equivalents                (6,345,000)

Cash and cash equivalents, beginning of period       81,712,000
                                                 --------------
Cash and cash equivalents, end of period            $75,367,000
                                                 ==============

Headquartered in Indianapolis, Indiana, ATA Airlines, owned by ATA
Holdings Corp. -- http://www.ata.com/-- is the nation's 10th  
largest passenger carrier (based on revenue passenger miles) and
one of the nation's largest low-fare carriers.  ATA has one of the
youngest, most fuel-efficient fleets among the major carriers,
featuring the new Boeing 737-800 and 757-300 aircraft.  The
airline operates significant scheduled service from Chicago-
Midway, Hawaii, Indianapolis, New York and San Francisco to over
40 business and vacation destinations.  Stock of parent company,
ATA Holdings Corp., is traded on the Nasdaq Stock Exchange.  The
Company and its debtor-affiliates filed for chapter 11 protection
on Oct. 26, 2004 (Bankr. S.D. Ind. Case Nos. 04-19866, 04-19868
through 04-19874).  Terry E. Hall, Esq., at Baker & Daniels,
represents the Debtors in their restructuring efforts.  When the
Debtors filed for protection from their creditors, they listed
$745,159,000 in total assets and $940,521,000 in total debts.  
(ATA Airlines Bankruptcy News, Issue No. 39; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


CATHOLIC CHURCH: Portland's Sept. 2005 Monthly Operating Report
---------------------------------------------------------------

                         Pastoral Center
                Archdiocese of Portland in Oregon
                 Statement of Financial Position
                    As of September 30, 2005

ASSETS

Cash and cash equivalents                           $15,326,701
Accounts receivable, net                              4,700,517
Notes, estates and other receivables                 12,904,945
Loans receivable from Archdiocesan entities, net      9,245,949
Loans receivable from Archdiocesan housing entities     525,501
Interest receivable and other assets                    248,187
Inventories                                           1,538,840
Real Property                                           226,688
Deposits and prepaid expenses                            30,826
Investments                                          93,420,333
Advances to Archdiocesan housing entities             1,640,000
Land, buildings, and equipment, net                   7,733,994
                                                 --------------
Total Assets                                       $147,542,481
                                                 ==============

LIABILITIES AND NET ASSETS

Liabilities:
   Prepetition
      Accounts payable                                 $822,302
      Accrued liabilities                             2,222,268
      Funds held for others
         Second Collections                                 (12)
         Short-term investments payable              16,315,813
         Long-term pool investments payable          19,412,972
      Reserve for insurance claims                    2,343,946
      Notes payable                                  11,056,990
      Pre-need liability and reserve                    456,268
      Accrued post-retirement liability               7,607,264
                                                 --------------
   Total Prepetition Liabilities                     60,237,811
                                                 --------------

   Postpetition
      Accounts payable                                1,083,842
      Accrued liabilities                             1,963,284
      Funds held for others
         Second Collections                             300,936
         Short-term investments payable               2,329,182
         Long-term pool investments                   3,207,251
      Reserve for insurance claims                      (15,922)
      Notes payable                                           -
      Pre-need liability and reserve                     28,924
      Accrued post-retirement liability                 404,521
                                                 --------------
   Total Postpetition Liabilities                     9,302,018
                                                 --------------
     Total Liabilities                               69,539,829
                                                 --------------

Net Assets:
   Prepetition Net Assets:
      Charitable Trust Assets                        69,527,447
      Other Assets                                   (3,140,341)
                                                 --------------
   Total Prepetition Net Assets                      66,387,106
                                                 --------------

   Postpetition Net Assets:
      Charitable Trust Assets                         4,500,699
      Other Assets                                    7,114,847
                                                 --------------
   Total Postpetition Net Assets                     11,615,546
                                                 --------------
      Total Net Assets                               78,002,652
                                                 --------------
Total liabilities & net assets                     $147,542,481
                                                 ==============

                         Pastoral Center
                Archdiocese of Portland in Oregon
                     Statement of Activities
             For the month ending September 30, 2005

Revenues, gains and other support
   Annual Catholic Appeal income                           $651
   Gross profit on cemetery sales                        34,812
   Contributions, gifts, annuities and bequests          11,190
   Operating support - Oregon Catholic Press                  -
   Investment income and realized gains (losses),
      net of expenses                                   579,805
   Change in unrealized gains (losses)                  308,498
   Insurance premiums, net                              (60,943)
   Interest income from loans                            44,195
   Parish assessments                                   253,607
   Other income                                         236,021
   Departmental revenues                                 41,453
   Net assets released from restrictions                      -
                                                 --------------
   Total revenues, gains, and other support           1,449,289
                                                 --------------

Expenses and program support:
   Program Services:
      Annual Catholic Appeal program support,
         grants and parish subsidies                    418,356
      Clergy Services                                   159,429
      Catholic Schools                                   41,475
      Pastoral Services                                  56,323
      Evangelization Services                            53,842
      Public Services                                    10,614
      Tribunal Services                                  18,129
      Deposit and loan interest                         103,707
      Insurance program                                 323,237
      Cemetery operating expenses                       261,850
      High School grants/charitable annuities            15,323
      Other program expenses                             67,038
                                                 --------------
         Total program services                       1,529,323
                                                 --------------
   Supporting Services:
      Archbishop, Vicar General
         and Chancellor Services                         42,390
      Finance & Administration:
         Resource Development                            49,288
         Business Affairs                                 9,394
         Financial Services                              73,955
      Human Resources                                    28,674
      Shared Services                                    25,928
      Occupancy and physical plant expenses              11,309
      Designated funds expense                           14,577
      Bankruptcy expense                                415,980
      Depreciation expense                                    -
                                                 --------------
         Total supporting services                      671,495
                                                 --------------
         Total expenses and program support           2,200,818
                                                 --------------
Increase (decrease) in net assets before
   transfers and designations of net assets            (751,529)

Fund transfers - in (out)                                     -

Designation of net assets                                     -
                                                 --------------
Increase (decrease) in net assets                      (751,529)

Net assets at beginning of year                      78,754,181
                                                 --------------
Net assets at end of year                           $78,002,652
                                                 ==============

                Archdiocese of Portland in Oregon
           Statement of Cash Receipts and Disbursements
             For the month ending September 30, 2005

Beginning Cash Balance:                             $13,415,470
Add:
   Transfers in                                         297,267
   Receipts Deposited                                 6,042,758
   Other (Return of Direct Deposits)                          -
   Other (Interest Income)                               39,429
                                                 --------------
   Total Cash Receipts                                6,379,453

Subtract:
   Transfers out                                       (297,267)
   Disbursements by check or debit                   (3,169,261)
   Cash withdrawn                                    (1,000,000)
   Other (Service Charges)                                 (461)
   Other (Misc Check Correction)                              -
   Other (NSF Checks)                                    (1,232)
   Other (Clear Interfund Rec/Pay)                            -
                                                 --------------
   Total Cash Disbursements                          (4,468,222)
                                                 --------------
Ending Cash Balance                                 $15,326,701
                                                 ==============

The Archdiocese of Portland in Oregon filed for chapter 11
protection (Bankr. Ore. Case No. 04-37154) on July 6, 2004.  
Thomas W. Stilley, Esq., and William N. Stiles, Esq., at Sussman
Shank LLP, represent the Portland Archdiocese in its restructuring
efforts.  In its Schedules of Assets and Liabilities filed with
the Court on July 30, 2004, the Portland Archdiocese reports
$19,251,558 in assets and $373,015,566 in liabilities.  (Catholic  
Church Bankruptcy News, Issue No. 45; Bankruptcy Creditors'  
Service, Inc., 215/945-7000)


CATHOLIC CHURCH: Spokane's September 2005 Monthly Operating Report
------------------------------------------------------------------

                   Catholic Diocese of Spokane
                          Balance Sheet
                     As of September 30, 2005

ASSETS
   Total Cash Accounts                               $2,607,356
   Total Investments                                  3,875,682
   Total Property                                       495,004
   Total Loans Receivable                             2,979,486
   Total Interfund Loan Receivable                      396,887
   Total Accounts Receivable                             73,123
   Total Land and Buildings & Equip                   2,474,977
   Total Prepaid Expenses                                36,806
                                                 --------------
Total Assets                                        $12,939,320
                                                 ==============

LIABILITIES AND NET ASSETS

Liabilities
   Total Deposits Payable                             6,033,085
   Total Interest Payable                                     0
   Total Accounts Payable                                (6,574)

Net Assets
   Total Unrestricted - Fund Balance                 (5,753,639)
   Total Unrestricted Net Assets                     (5,753,639)
   T.R. - Guse Grant Funds                              183,205
   Total Replacement Fund                            10,027,863
   Total Diocesan D&L Funding                         2,176,115
   Total Guatemala Funds                                592,472
   Temporarily Restricted                                   (80)
                                                 --------------
Total liabilities & net assets                      $13,069,321
                                                 ==============

                   Catholic Diocese of Spokane
                  Income and Expense Statement
             For the month ending September 30, 2005

Total Income                                           $227,587
Total Expenses                                          427,386
                                                 --------------
Net Excess or Deficit                                  $199,799
                                                 ==============

                     Catholic Diocese of Spokane
           Statement of Cash Receipts and Disbursements
             September 1, 2005 to September 30, 2005

Total Cash Receipts                                    $318,490
Total Cash Disbursements                              ($326,124)

A full-text copy of the Diocese of Spokane's September 2005
monthly operating report is available for free at:

         http://bankrupt.com/misc/spokane_sept_mor.pdf

The Roman Catholic Church of the Diocese of Spokane filed for
chapter 11 protection (Bankr. E.D. Wash. Case No. 04-08822) on
Dec. 6, 2004.  Michael J. Paukert, Esq., at Paine, Hamblen,
Coffin, Brooke & Miller, LLP, represents the Spokane Diocese in
its restructuring efforts.  When the Debtor filed for protection
from its creditors, it listed $11,162,938 in total assets and
$81,364,055 in total debts. (Catholic Church Bankruptcy News,
Issue No. 45; Bankruptcy Creditors' Service, Inc., 215/945-7000)


COLLINS & AIKMAN: Earns $24 Million of Net Income in Sept. 2005
---------------------------------------------------------------

                    Collins & Aikman Corporation
                           Balance Sheet
                      As of September 30, 2005

                               ASSETS

Current assets:
    Cash                                             $25,031,120
    Accounts receivable                              125,881,876
    Other non-trade receivables                        6,055,142
    Inventories, net                                 117,589,043
    Tooling and molding, net - current                67,743,820
    Prepaids & other current assets                   72,496,154
    Deferred tax assets - current                        (87,825)
                                                 ---------------
    Total current assets                             414,709,330

Investment in subsidiaries                         2,534,708,519
Fixed assets, net                                    355,760,417
Goodwill, net                                        978,554,071
Deferred tax assets - long term                       25,938,826
Tooling and molding, net-long term                    14,932,020
Other noncurrent assets                               98,150,778
Intercompany assets                                  177,327,888
PP IC accounts receivable                            643,201,278
                                                 ---------------
TOTAL ASSETS                                      $5,243,283,128
                                                 ===============

                        LIABILITIES & EQUITY

Current liabilities:
    Notes payable                                             $0
    Short term borrowings                                     90
    Advance on receivables                                     0
    Current portion - long term debt                 259,125,000
    Current portion - capital leases                           0
    Accounts payable                                  53,194,564
    Accrued interest payable                              10,932
    Accrued & other liabilities                       47,226,756
    Income taxes payable                              (4,553,782)
                                                 ---------------
    Total current liabilities                        355,003,559

Liabilities subject to compromise
    2010 - A/P - trade - prepetition                 216,222,792
    2014 - A/P - rec'd - not invoiced prepetition     13,599,872
    2030 - A/P - prepetition other                   (40,388,280)
    2071 - A/P - tooling                              58,023,560
    2072 - A/P - capital                               1,831,368

    2210 - PP Accrued liabilities                     71,768,271
    2215 - PP Accrued local property tax               1,198,700
    2220 - PP Accrued sales & use tax                   (329,577)
    2225 - PP Environmental reserve                   34,213,880
    2235 - PP restructuring reserve                   14,545,613
    2240 - PP long term debt                       1,587,697,736
    2245 - PP Capital leases                             393,747

    Long Term Debt                                             -
    Deferred income taxes                             20,831,599
    Preferred stock of Products Co.                  222,875,520
    Other noncurrent liabilities                     142,811,388
                                                 ---------------
    Total liabilities subject to compromise        2,345,296,191
                                                 ---------------
Total Liabilities                                  2,700,299,750

Total Equity                                       2,542,983,378
                                                 ---------------
TOTAL LIABILITIES & EQUITY                        $5,243,283,128
                                                 ===============

                    Collins & Aikman Corporation
                          Income Statement
                   Month Ended September 30, 2005

Net outside sales                                   $237,787,195
I/D Net sales                                          8,577,419
I/G Net sales                                          1,169,246
                                                 ---------------
Total sales                                          247,533,859
Cost of goods sold                                   197,432,114
                                                 ---------------
Gross profit                                          50,101,745

Selling, general & administrative expenses            28,705,369
                                                 ---------------
Operating income                                      21,396,376

Interest expenses                                      7,023,268
Intercompany interest, net                            (2,167,081)
Preferred stock accretion                                      0
Miscellaneous (income)/expense                                 0
Corporate allocation adjustment                                0
Commission income                                       (163,624)
Commission expense                                             0
Royalty income                                          (486,918)
Royalty expense                                                0
Joint Venture (Income)/Expense                                 0
Minority interest in cons net income                           0
Dividend income                                                0
Discount/Income for Carcorp.                                   0
Gain/(Loss) early extinguishments of debt                      0
Discount/Premium on hedges                                     0
(Gain)/Loss on hedges                                          0
(Gain)/Loss on swaps                                           0
NAAIS Intercompany sales profit                                0
Loss on sale of receivables                                    0
Restructuring provision                                        0
Foreign transactions - (Gain)/Loss                      (519,114)
Amort of discount on NPV of liabilities                        0
(Gain)/Loss on sale-leaseback transaction                      0
                                                 ---------------
Income from continuing operations before taxes        17,709,845

Federal income tax                                    (1,270,331)
State income tax                                               0
Foreign income tax                                        31,717
                                                 ---------------
Income from continuing operations                     18,948,459

Discontinued operations                               (5,400,970)
Gain/Loss on sale of divisions                                 0
Extraordinary items                                            0
Integration                                                    0
                                                 ---------------
NET INCOME                                           $24,349,429
                                                 ===============

A full-text copy of Collins & Aikman's Monthly Operating Report is
available for free at:

              http://ResearchArchives.com/t/s?2af

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. 17; Bankruptcy Creditors' Service, Inc., 215/945-7000)


INTERSTATE BAKERIES: Posts $8MM Net Loss for Period Ended Sept. 17
------------------------------------------------------------------

          Interstate Bakeries Corporation and Subsidiaries
          Unaudited Consolidated Monthly Operating Report
                Four Weeks Ended September 17, 2005

REVENUE

Gross Income                                        $239,314,984
Less Cost of Goods Sold
     Ingredients, Packaging, & Outside Purchasing     55,510,273
     Direct & Indirect Labor                          43,804,122
     Overhead & Production Administration             13,462,219
                                                    ------------
     Total Cost of Goods Sold                        112,776,614
                                                    ------------
        Gross Profit                                $126,538,370
                                                    ------------

OPERATING EXPENSES

Owner-Draws/Salaries                                           -
Selling & Delivery Employee Salaries                 $58,553,509
Advertising and Marketing                              3,338,456
Insurance (Property, Casualty, & Medical)             13,316,970
Payroll Taxes                                          4,985,753
Lease and Rent                                         4,082,312
Telephone and Utilities                                1,395,758
Corporate Expense (Including Salaries)                 6,687,300
Other Expenses                                        30,354,805
                                                    ------------
     Total Operating Expenses                       $122,714,863
                                                    ------------
EBITDA                                                $3,823,507

Restructuring & Reorganization Charges                 6,326,347
Depreciation and Amortization                          5,918,838
Other Income                                              (1,928)
Gain/Loss Sale of Property                              (151,566)
Interest Expense                                       3,687,115
                                                    ------------
Operating Income (Loss)                              (11,955,299)

Income Tax Expense (Benefit)                          (3,992,444)
                                                    ------------
Net Income (Loss)                                    ($7,962,855)
                                                    ============

CURRENT ASSETS
     Accounts Receivable at end of period           $156,845,240
     Increase (Decrease) in Accounts Receivable        3,240,643
     Inventory at end of period                       64,058,826
     Increase (Decrease) in Inventory for period      (2,336,881)
     Cash at end of period                           151,574,381
     Increase (Decrease) in Cash for period           (9,841,846)
     Restricted Cash                                  19,634,836
     Increase (Dec.) in Restricted Cash for period             -

LIABILITIES
     Increase (Decrease) in Liabilities
        Not Subject to Compromise                     (5,577,005)
     Increase (Decrease) in Liabilities
        Subject to Compromise                            360,598
     Taxes payable:
        Federal Payroll Taxes                         10,921,390
        State/Local Payroll Taxes                      4,353,183
        State Sales Taxes                              1,371,529
        Real Estate and Personal Property Taxes       17,575,015
        Other                                          5,782,270
                                                    ------------
        Total Taxes Payable                          $40,003,386
                                                    ============

Headquartered in Kansas City, Missouri, Interstate Bakeries
Corporation is a wholesale baker and distributor of fresh baked
bread and sweet goods, under various national brand names,
including Wonder(R), Hostess(R), Dolly Madison(R), Baker's Inn(R),
Merita(R) and Drake's(R).  The Company employs approximately
32,000 in 54 bakeries, more than 1,000 distribution centers and
1,200 thrift stores throughout the U.S.

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. 31; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


KUSHNER-LOCKE: Releases August 2005 Monthly Operating Reports
-------------------------------------------------------------
On Oct. 25, 2005, The Kushner-Locke Company and its debtor-
affiliates filed their unaudited August 2005 Monthly Operating
Reports with the U.S. Bankruptcy Court for the Central District of
California, Los Angeles Division.

For the month ending Aug. 31, 2005, The Kushner-Locke Company's
Profit & Loss Statement shows:

      Gross Profit                           $0
      Total Operating Expenses           89,311
      Total Non-Operating Expenses            0
      Net Income (Loss)                ($89,311)

For the period from Aug. 1, 2005 through Aug. 31, 2005, The
Kushner-Locke Company's Cash Receipts and Disbursements Report
shows:

                              Collateral    Concentration
                                Account        Account
                              ----------    -------------
      Beginning Balance       $2,142,217          $72,796
      Total Receipts              74,702          134,000
      Total Disbursements        134,000           89,229
      Ending Balance          $2,082,918         $117,567

Full-text copies of The Kushner-Locke Company's August 2005
Monthly Operating Reports are available at no charge at:

Profit & Loss Statement:

               http://ResearchArchives.com/t/s?2b0

Cash Receipts and Disbursements Report:

               http://ResearchArchives.com/t/s?2b1

Headquartered in Los Angeles, California, The Kushner-Locke
Company is a low-budget movie production studio.  The Company,
along with its debtor-affiliates filed for chapter 11 protection
on Nov. 21, 2001 in the U.S. Bankruptcy Court for the Central
District of California.  The cases are jointly administered under
case number 01-44828.


MERIDIAN AUTOMOTIVE: Posts $12.6 Mil. Net Loss in September 2005
----------------------------------------------------------------

               Meridian Automotive Systems - Composite
                  Operations, Inc. and Subsidiaries
                Unaudited Consolidated Balance Sheets
                     As of September 30, 2005
                           (In Thousands)

CURRENT ASSETS:
    Cash                                                      -
    Accounts receivable, net                           $129,684
    Intercompany receivable                              12,159
    Inventories                                          74,257
    Tooling costs in excess of billings and others       23,657
                                                     ----------
       TOTAL CURRENT ASSETS                             239,757
                                                     ----------

    Property, plant and equipment, net                  234,072
    Intangible assets                                    15,585
    Investment in subsidiaries                           23,863
    Other assets                                         18,846
                                                     ----------
       TOTAL ASSETS                                    $532,123
                                                     ==========

CURRENT LIABILITIES NOT SUBJECT TO COMPRISE:
    Current portion of long term debt                  $288,537
    Accounts payable                                     38,948
    Accrued expenses                                     46,200
    Tooling billings in excess of costs                   9,962
                                                     ----------
       TOTAL CURENT LIABILITIES                         383,647
                                                     ----------

    Liabilities subject to comprise                     456,920
    Non-Current Liabilities Not Subject to Compromise:
       Long-term debt, less current portion              37,822
       Other long-term liabilities                       16,211
       Accumulated post-retirement benefit obligation    16,355
                                                     ----------
       TOTAL LIABILITIES                                910,955
       STOCKHOLDERS' EQUITY                            (378,832)
                                                     ----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY             $532,123
                                                     ==========

               Meridian Automotive Systems - Composite
                  Operations, Inc. and Subsidiaries
                  Unaudited Statement of Operations
                      September 1 to 30, 2005
                          (In Thousands)

Net sales                                               $83,383
Cost of sales                                            81,604
                                                     ----------
Gross profit                                              1,779

Selling, general and administrative expenses              2,917
Restructuring charges                                       349
                                                     ----------
Operating (loss} income                                  (1,487)

Interest expense, net                                     6,720
Other income (expense)                                        2
Chapter 11 and related reorganization items               4,420
                                                     ----------
Loss before provision for income taxes                  (12,625)

Provision for income taxes                                   29
                                                     ----------
NET LOSS                                               ($12,654)
                                                     ==========

               Meridian Automotive Systems - Composite
                  Operations, Inc. and Subsidiaries
                  Unaudited Statement of Cash Flows
                     September 1 to 31, 2005
                          (In Thousands)

OPERATING ACTIVITIES:
    Net loss                                           ($12,654)
    Adjustments required to reconcile net loss to net
       cash provided by (used for) operating activities:

       Depreciation, amortization, and impairment         5,209
       Change in working capital and other operating
          items                                           3,534
                                                     ----------
       Net cash used for operating activities
          before reorganization items                    (3,911)
                                                     ----------
    Operating cash flows from reorganization items:

       Chapter 11 and related reorganization items        4,420
       Payments on Chapter 11 and related reorg items    (5,571)
                                                     ----------
       Net cash provided by Chapter 11 and related
          reorg items                                    (1,151)

       Net cash used for operating  activities           (5,062)

INVESTING ACTIVITIES:
    Additions to property and equipment                  (1,800)
    Proceeds from sale or property and equipment              -
                                                     ----------
       Net cash used for investing activities            (1,800)
                                                     ----------

FINANCING ACTIVITIES:
    Proceeds from prepetition borrowings                  1,000
    Repayments of prepetition borrowings                      -
    Proceeds from DIP credit facility                    44,200
    Repayments of DIP credit facility                   (38,200)
    Repayments on prepetition long-term debt                  -
    Deferred financing costs capitalized                   (138)
                                                     ----------
       Net cash provided by financing activities          6,862
                                                     ----------
Net increase (decrease) in cash                               -
                                                     ----------
Cash and Cash Equivalents, beginning of period                -

Cash and Cash Equivalents, end of period                      -
                                                     ==========

Headquartered in Dearborn, Mich., Meridian Automotive Systems,
Inc. -- http://www.meridianautosystems.com/-- supplies                
technologically advanced front and rear end modules, lighting,
exterior composites, console modules, instrument panels and other
interior systems to automobile and truck manufacturers.  Meridian
operates 22 plants in the United States, Canada and Mexico,
supplying Original Equipment Manufacturers and major Tier One
parts suppliers.  The Company and its debtor-affiliates filed for
chapter 11 protection on April 26, 2005 (Bankr. D. Del. Case Nos.
05-11168 through 05-11176).  James F. Conlan, Esq., Larry J.
Nyhan, Esq., Paul S. Caruso, Esq., and Bojan Guzina, Esq., at
Sidley Austin Brown & Wood LLP, and Robert S. Brady, Esq., Edmon
L. Morton, Esq., Edward J. Kosmowski, Esq., and Ian S. Fredericks,
Esq., at Young Conaway Stargatt & Taylor, LLP, represent the
Debtors in their restructuring efforts.  When the Debtors filed
for protection from their creditors, they listed $530 million in
total assets and approximately $815 million in total liabilities.
(Meridian Bankruptcy News, Issue No. 17; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


MESABA AVIATION: Files Schedules of Assets & Liabilities
--------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.1    Cash on hand
          Petty Cash - Stations Cash Disbursement        57,763
B.2    Bank Accounts
          Wells Fargo - Cash Disbursements            1,738,551
          Chase Manhattan -- Airlines Clearing House      1,000
          Wings Financial -- Liquor Receipts            321,695
          Wings Financial -- Liquor Receipts            244,432
          Wells Fargo -- Savings Account             10,252,485
          Wells Fargo Minnesota -- Restricted Cash    4,263,215
          Bank of Montreal -- Cash Disbursements         75,574
B.3    Security Deposits
          Security Deposits, SAAB                        46,800
          Security re Potential Damages
             Rochester Airport                           22,000
             Northern Trust                              16,361
          Vendor Deposit, Jepson Charts                 103,500
          Vendor Deposit, SAAB                           20,000
          Retainer - Ravich Meyer                       150,000
          Retainer - Marr Hipp                          150,000
          Retainer - Mercer Management                  600,000
          Vendor Deposit, British Aerospace              20,000
          Dow Chemical                                   20,130
          Others                                         13,280
B.4    Household goods and furnishings                        0
B.5    Collectibles                                           0
B.6    Wearing apparel                                        0
B.7    Furs and jewelry                                       0
B.8    Hobby equipment                                        0
B.9    Interests in insurance policies                        0
B.10   Annuities                                              0
B.11   Interest in pension plans                              0
B.12   Stock and interests in businesses                      0
B.13   Interests in partnerships or joint ventures            0
B.14   Government and Corporate Bonds                         0
B.15   Accounts Receivable                           43,913,123
B.16   Alimony                                                0
B.17   Other liquidated debts owing debtor
          Insurance receivable - aircraft damage        193,374
          Corporate insurance receivable                304,609
          2004 State tax refunds                        Unknown
B.18   Equitable or future interests                          0
B.19   Interests in estate of a decedent                      0
B.20   Other Contingent & Unliquidated Claims                 0
B.21   Intellectual Property                                  0
B.22   General Intangibles                                    0
B.23   Vehicles
          Cincinnati, OH                                182,106
          Des Moines, IA                                 99,063
          Detroit, MI                                   516,775
          Memphis, TN                                   158,449
          Minneapolis, MN                               384,650
          Wausau, WI                                     69,060
          Others                                         96,750
B.24   Boats, motors and accessories                          0
B.25   Aircraft and accessories                      21,859,696
B.26   Office Equipment                               4,557,913
B.27   Machinery, fixtures, equipment and supplies
          Used in operations                          2,229,327
          Other equipment and supplies                5,502,676
          Overhead and maintenance supplies             550,551
B.28   Inventory                                     13,242,636
B.29   Animals                                                0
B.30   Crops                                                  0
B.31   Farming equipment and implements                       0
B.32   Farm supplies, chemicals and feed                      0
B.33   Other Personal Property                                0

       TOTAL SCHEDULED ASSETS                      $111,977,544
                                                  =============

C.     Property Claimed as Exempt                            $0

D.     Secured Claim
          GE Aircraft Engines                         1,995,362
          Wells Fargo Bank NA                           Unknown
          Wells Fargo Bank NA Trustee                   Unknown

E.     Unsecured Priority Claims                              0
          Benton County Tax Collector                       562
          Fayette County Sheriff                         19,252
          Kentucky Dept. of Revenue                      15,778
          State of Arkansas, Dept. of Finance & Admin.   34,262
          Thunder Bay City, Canada                        2,005

F.     Unsecured Non-priority Claims
          AAR Aircraft & Turbine CTR                    493,030
          Aerospace Composite Tech                      178,395
          Aircraft Braking Systems Corp.                281,697
          Allied Signal Engines                       3,549,270
          Aon Risk Svcs Inc. of MN                      454,692
          Avmax Group Inc.                              686,036
          BAE Systems Regional Aircraft                 312,686
          Bombardier Services Corp.                     825,810
          British Aerospace - AVRO                    1,294,080
          Corp. Lodging Consultants                     584,402
          Detroit Metropolitan Airport                  513,637
          Dowty Propellers - Americas                   215,390
          Dowty Propellers - UK                         214,009
          Dunlop Aerospace No. America                  234,275
          Embraer Aircraft                              240,377
          GE Engine Services Inc.                       317,914
          Hamilton Sundstrand                           184,314
          Mac MPLS St. Paul                             232,149
          Messier Services Inc.                         501,962
          Northwest Airlines 7516                     6,064,004
          Pan Am International Flight Academy           796,742
          Rockwell Collins                              181,432
          Transportation Security Admin.                390,316
          Others                                      8,133,135

       TOTAL SCHEDULED LIABILITIES                  $28,946,975
                                                   ============

Mesaba Aviation, Inc., dba Mesaba Airlines --
http://www.mesaba.com/-- operates as a Northwest Airlink  
affiliate under code-sharing agreements with Northwest Airlines.  
The Company filed for chapter 11 protection on Oct. 13, 2005
(Bankr. D. Minn. Case No. 05-39258).  Michael L. Meyer, Esq., at
Ravich Meyer Kirkman McGrath & Nauman PA, represents the Debtor in
its restructuring efforts.  When the Debtor filed for protection
from its creditors, it listed total assets of $108,540,000 and
total debts of $87,000,000. (Mesaba Bankruptcy News, Issue No. 3;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


MIIX GROUP: Posts $367,178 Cumulative Net Loss in September 2005
----------------------------------------------------------------
On Oct. 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 Sept. 1, 2005, to Sept. 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 Sept. 30,
2005.  New Jersey State Medical Underwriters, Inc., reports a
cumulative net loss of $718,158 on $2,957,814 of total revenue for
the period from Dec. 21, 2004, thru Sept. 30, 2005.

At Sept. 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                  $7,984,448          $13,443,545
   Total Liabilities              8,937,488            6,231,194
   Stockholders' Equity           ($953,040)          $7,212,351

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

             http://ResearchArchives.com/t/s?2b2

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.


MIRANT CORP: Posts $171.9 Million Net Loss in August 2005
---------------------------------------------------------

               Mirant Corporation and Subsidiaries
                   Consolidated Balance Sheet
                      As of August 31, 2005

ASSETS

Cash and cash equivalents                         $1,313,745,525
Accounts receivable - net                            936,226,626
Assets from risk management activities             1,189,294,840
Derivative hedging instruments                                 -
Inventories                                          343,089,658
Other                                              1,305,047,099
                                                  --------------
         Total Current Assets                      5,087,403,748

Property, plant and equipment                      5,194,569,408
Less: accumulated depreciation/depletion             909,365,496
Leasehold interests - net                          1,447,047,370
Construction work in progress                        177,788,077
Investment in suspended construction                 174,909,020
                                                  --------------
         Total net property, plant and equipment   6,084,948,379

Investments                                          257,332,835
Long-term accounts receivable - net                   48,491,930
Notes receivable - net                                         -
Assets from risk management activities               169,244,454
Goodwill - net                                         5,767,352
Other intangibles - net                              263,976,780
Derivative hedging instruments                                 -
Restricted cash, non-current                         187,648,762
Other long-term assets                                   138,081
Miscellaneous deferred charges                       459,696,139
                                                  --------------
         Total Non-current Assets                  1,392,296,333
                                                  --------------
         TOTAL ASSETS                            $12,564,648,460
                                                  ==============

LIABILITIES AND EQUITY

Postpetition Liabilities:
      Debt                                        $1,220,586,244
      Accounts Payable                               732,604,733
      Liabilities from risk management activities  1,707,495,936
      Obligations under energy deliveries              6,853,652
      Derivative hedging instruments                           -
      Other                                          233,407,666
      Miscellaneous deferred credits                 725,859,564
                                                  --------------
         Total postpetition liabilities            4,626,807,795

Prepetition Liabilities                            9,167,435,960
                                                   -------------
         TOTAL LIABILITIES                        13,794,243,755

EQUITY:
Minority interest in subsidiaries                    171,750,222
Mandatory redeemable securities                                -
Common stock                                           4,056,621
Additional paid-in capital                         4,917,963,545
Retained earnings                                 (6,249,972,500)
Treasury stock, at cost                               (2,260,000)
Accumulated other comprehensive income               (71,133,183)
                                                  --------------
         Total Equity                            ($1,229,595,295)
                                                 ---------------
         TOTAL LIABILITIES AND OWNERS' EQUITY    $12,564,648,460
                                                 ===============

                 Mirant Corporation and Subsidiaries
                  Consolidated Statements of Income
                For the month ending August 31, 2005

REVENUES:
      Generation                                    $147,921,084
      Net trading revenue                             (4,972,691)
      Distribution                                    67,081,037
      Other                                              584,399
                                                 ---------------
         Net Revenue                                 210,613,829

OPERATING EXPENSES:
      Energy cost                                    261,754,265
      Operations and maintenance                      79,335,591
      Depreciation and amortization                   25,451,331
      Gain on sale of property and investment            203,958
      Impairment loss                                     30,783
      Restructuring costs                                132,902
                                                 ---------------
         Total Operating Expenses                    366,908,830
                                                 ---------------
         Income before non-operating income
         and expense                                (156,295,001)

OTHER INCOME AND EXPENSES:
      Interest income                                  2,764,864
      Interest expense                               (10,276,623)
      Equity in income of affiliates                   3,350,668
      Other                                            2,983,575
      Reorganization items                           (11,832,663)
      Minority interest                               (2,735,225)
      Net income from discontinued operations           (333,754)
      Gain on sale assets, minority owned                      -
                                                 ---------------
          Total Other Income                         (16,079,158)

Provision for income tax                                 434,158
                                                 ---------------
         NET PROFIT (LOSS)                         ($171,940,001)
                                                 ===============

                         Mirant Corporation
           Unconsolidated Cash Receipts and Disbursements
                For the month ending August 31, 2005

Cash, beginning of month                            $262,416,929

Non-Operating Receipts:
      Loans & Advances                              ($55,243,249)
      Sale of Assets                                           -
                                                 ---------------
      Total non-operating receipts                  ($55,243,249)
                                                 ---------------
         Total receipts                             ($55,243,249)
                                                 ---------------
         Total Cash Available                        262,416,929

Operating Disbursements                                        0

Reorganization Expenses
                                                 ---------------
         Total disbursements                                   0
                                                 ---------------
Net Cash Flow                                       ($55,243,249)
                                                 ---------------
Cash, end of month                                  $207,173,680
                                                 ===============

Headquartered in Atlanta, Georgia, Mirant Corporation --
http://www.mirant.com/-- is a competitive energy company that     
produces and sells electricity in North America, the Caribbean,
and the Philippines.  Mirant owns or leases more than 18,000
megawatts of electric generating capacity globally.  Mirant
Corporation filed for chapter 11 protection on July 14, 2003
(Bankr. N.D. Tex. 03-46590).  Thomas E. Lauria, Esq., at White &
Case LLP, represents the Debtors in their restructuring efforts.
When the Debtors filed for protection from their creditors, they
listed $20,574,000,000 in assets and $11,401,000,000 in debts.
(Mirant Bankruptcy News, Issue No. 81 Bankruptcy Creditors'
Service, Inc., 215/945-7000)


MIRANT CORP: MAGi Posts $210 Million Net Loss in August 2005
------------------------------------------------------------

        Mirant Americas Generation, LLC, and Subsidiaries
                   Consolidated Balance Sheet
                      As of August 31, 2005

ASSETS

Cash and cash equivalents                           $332,575,987
Accounts receivable - net                            741,084,723
Assets from risk management activities                (3,202,104)
Derivative hedging instruments                                 -
Inventories                                          145,350,903
Other                                                117,914,485
                                                 ---------------
         Total Current Assets                      1,333,723,994

Property, plant and equipment                      2,213,857,588
Less: accumulated depreciation/depletion             387,259,341
Leasehold interests - net                                      -
Construction work in progress                        112,591,620
Investment in suspended construction                 174,009,019
                                                 ---------------
         Total net property, plant and equipment   2,113,198,886

Investments                                               25,000
Long-term accounts receivable - net                   92,171,429
Notes receivable - net                               223,275,000
Assets from risk management activities                27,527,902
Other intangibles - net                              201,931,196
Derivative hedging instruments                                 -
Restricted cash, non-current                           5,120,016
Other long-term assets                                         -
Miscellaneous deferred charges                       236,788,869
                                                 ---------------
        Total Non-current Assets                     786,839,412
                                                 ---------------
        TOTAL ASSETS                              $4,233,762,292
                                                 ===============

LIABILITIES AND EQUITY

Postpetition Liabilities:
     Debt                                                      -
     Accounts Payable                                243,442,040
     Liabilities from risk management activities     341,740,827
     Obligations under energy deliveries                       -
     Derivative hedging instruments                            -
     Other                                           177,859,105
     Miscellaneous deferred credits                   38,486,295
                                                 ---------------
        Total postpetition liabilities               801,528,267

Prepetition Liabilities                            3,233,971,609
                                                 ---------------
        TOTAL LIABILITIES                          4,035,499,876

EQUITY:
Minority interest in subsidiaries                         35,002
Mandatory redeemable securities                                -
Common stock                                               1,000
Additional paid-in capital                         3,853,859,362
Retained earnings                                 (3,655,632,948)
Treasury stock, at cost                                        -
Accumulated other comprehensive income                         -
                                                 ---------------
        Total Equity                                 198,262,416
                                                 ---------------
        TOTAL LIABILITIES AND OWNERS' EQUITY      $4,233,762,292
                                                 ===============

        Mirant Americas Generation, LLC, and Subsidiaries
                Consolidated Statements of Income
               For the month ending August 31, 2005

REVENUES:
     Generation                                      $11,639,542
     Net trading revenue                                       -
     Distribution                                              -
     Other                                                99,129
                                                 ---------------
        Net Revenue                                   11,738,671

OPERATING EXPENSES:
     Energy cost                                     161,811,948
     Operations and maintenance                       45,196,590
     Depreciation and amortization                     7,714,364
     Gain on sale of property and investment                   -
     Impairment loss                                      30,783
     Restructuring costs                                  41,349
                                                 ---------------
        Total Operating Expenses                     214,795,034
                                                 ---------------
        Income before non-operating income
        and expense                                 (203,056,363)

OTHER INCOME AND EXPENSES:
     Interest income                                      12,612
     Interest expense                                 (1,803,090)
     Equity in income of affiliates                            -
     Other                                                86,398
     Reorganization items                             (4,396,898)
     Minority interest                                         -
     Net income from discontinued operations                   -
                                                 ---------------
        Total Other Income                            (6,100,978)

Provision for income tax                                (996,795)
                                                 ---------------
        NET PROFIT (LOSS)                          ($210,154,136)
                                                 ===============

        Mirant Americas Generation, LLC, and Subsidiaries
          Unconsolidated Cash Receipts and Disbursements
              For the month ending August 31, 2005

Cash, beginning of month                            $185,116,008

Non-Operating Receipts:
     Loans & Advances                                 31,598,040
     Sale of Assets                                            -
                                                 ---------------
     Total non-operating receipts                     31,598,040
                                                 ---------------
        Total receipts                                31,598,040
                                                 ---------------
        Total Cash Available                        $153,517,967

Operating Disbursements                                        0

Reorganization Expenses                                        0
                                                 ---------------
        Total disbursements                                    0
                                                 ---------------
Net Cash Flow                                       ($31,598,040)
                                                 ---------------
Cash, end of month                                  $153,517,967
                                                 ===============

Headquartered in Atlanta, Georgia, Mirant Corporation --
http://www.mirant.com/-- is a competitive energy company that     
produces and sells electricity in North America, the Caribbean,
and the Philippines.  Mirant owns or leases more than 18,000
megawatts of electric generating capacity globally.  Mirant
Corporation filed for chapter 11 protection on July 14, 2003
(Bankr. N.D. Tex. 03-46590).  Thomas E. Lauria, Esq., at White &
Case LLP, represents the Debtors in their restructuring efforts.
When the Debtors filed for protection from their creditors, they
listed $20,574,000,000 in assets and $11,401,000,000 in debts.
(Mirant Bankruptcy News, Issue No. 81 Bankruptcy Creditors'
Service, Inc., 215/945-7000)


NEWPOWER HOLDINGS: Files September 2005 Monthly Operating Report
----------------------------------------------------------------
On Oct. 31, 2005, NewPower Holdings, Inc., filed its September
2005 Monthly Operating Report for the period from Aug. 31, 2005,
to Sept. 30, 2005, with the U.S. Bankruptcy Court for the Northern
District of Georgia, Newnan Division.  The company reports an
opening cash balance of $52,108,000 and a closing cash balance of
$51,970,000.

A full-text copy of NewPower Holdings, Inc.'s Monthly Operating
Report for the period from Aug. 31, 2005, to Sept. 30, 2005, is
available at no charge at http://ResearchArchives.com/t/s?2c0

NewPower Holdings, Inc., and its debtor-affiliates filed for
chapter 11 protection on June 11, 2002 (Bankr. N.D. Ga. 02-10836).
Paul K. Ferdinands, Esq., at King & Spalding and William M.
Goldman, Esq., at Sidley Austin Brown & Wood LLP represent the
Debtors.  When the Debtors filed for chapter 11 protection, they
reported $231,837,000 in assets and $87,936,000 in debts.

On Aug. 15, 2003, the United States Bankruptcy Court for the
Northern District of Georgia, Newnan Division, confirmed the
Second Amended Chapter 11 Plan with respect to NewPower Holdings,
Inc., and TNPC Holdings, Inc., a wholly owned subsidiary of the
Company.  On Feb. 28, 2003, the Bankruptcy Court previously
confirmed the Plan, and the Plan has been effective as of
March 11, 2003, with respect to The New Power Company, a wholly
owned subsidiary of the Company.  The Plan became effective on
Oct. 9, 2003, with respect to the Company and TNPC.


RELIANCE GROUP: Posts $387,000 Net Loss in September 2005
---------------------------------------------------------

RELIANCE GROUP HOLDINGS, INC., et al.
Unaudited Consolidated Balance Sheet,
excluding subsidiaries which
are not Debtors-in-Possession                30-Sep-2005
_____________________________________        ___________

ASSETS

Cash                                         $46,833,000
Accounts and Notes Receivable                 13,090,000
Prepaid expenses and deposits                    353,000
Due from Reliance Development Group,
   less allowance of $59,334,000                       0
Note Receivable from Reorganized
   RFS Corporation                             2,537,000
Plant, property & equipment                            -
                                        ----------------
      Total Assets                           $62,813,000
                                        ================

LIABILITIES & SHAREHOLDERS' DEFICIT

Liabilities not subject to compromise
   Postpetition accounts payable              $1,430,000
   Professional fee holdback payable           1,861,000
   PBGC administrative claim                           0
Liabilities subject to compromise            851,852,000
                                        ----------------
      Total liabilities                      855,143,000
                                        ----------------

Shareholders' deficit:
   Common stock                               11,616,000
   Additional paid in capital                558,541,000
   Accumulated deficit                    (1,362,487,000)
                                        ----------------
      Total shareholders' deficit           (792,330,000)
                                        ----------------
      Total liabilities & deficit            $62,813,000
                                        ================


RELIANCE GROUP HOLDINGS, INC., et al.
Unaudited Consolidated Statement of           1-Sep-2005
Operations, excluding subsidiaries                to
which are not Debtors-in-Possession          30-Sep-2005
_____________________________________        ___________

Revenues                                              $0
                                        ----------------

Costs and expenses:
   Operating and administrative                   35,000
   Pension Plan Actuarial
     Adjustments and Expenses                          0
   Depreciation                                        0
                                        ----------------
   Total costs and expenses                       35,000
                                        ----------------
Loss before reorganization items                 (35,000)
                                        ----------------
Reorganization items:

   Professional fees                             487,000
   Interest earned on accumulated
      cash resulting from
      Chapter 11 proceeding                     (135,000)
                                        ----------------
   Total reorganization items                    352,000
                                        ----------------
Income tax benefits                                    0
                                        ----------------
Net Income (loss)                              ($387,000)
                                        ================


RELIANCE GROUP HOLDINGS, INC., et al.
Unaudited Consolidated Statement of           1-Sep-2005
Cash Flows, excluding subsidiaries                to
which are not Debtors-in-Possession          30-Sep-2005
_____________________________________        ___________

Cash flows from operating activities:

   Loss from operations before
      reorganization items                      ($35,000)
   Adjustments to reconcile loss to
      net cash provided by
      operating activities:
         Income Tax Recovery                           0
         Depreciation                                  0
   Changes in:
      Prepaid expenses                                 0
      Postpetition payables                        4,000
      Increase in Liabilities
        subject to compromise                          0
                                        ----------------
   Net cash (used) provided by
       operating activities before
       reorganization items                      (31,000)
                                        ----------------
   Operating cash flows from
      reorganization items:
         Interest earned                         135,000
         Application of retainer
           towards reorganization
           professional fees                           0
         Payment of
           reorganization items                 (293,000)
                                        ----------------
   Net cash used by
      reorganization items                      (158,000)
                                        ----------------
   Net cash used by
      operating activities                      (189,000)
                                        ----------------
Cash flows from investing activities:
   Receipt from Reliance
     Development Group                                 0
                                        ----------------
      Net cash provided by
         investing activities                          0
                                        ----------------
Cash flow from financing activities:
   Proceeds of split dollar policies                   0
                                        ----------------
      Net cash provided by
         financing activities                          0
                                        ----------------
Net decrease in cash                            (189,000)

Cash at beginning of period                   47,022,000
                                        ----------------
Cash at end of period                        $46,833,000
                                        ================

Headquartered in New York, New York, Reliance Group Holdings, Inc.
-- http://www.rgh.com/-- is a holding company that owns 100% of  
Reliance Financial Services Corporation.  Reliance Financial, in
turn, owns 100% of Reliance Insurance Company.  The holding and
intermediate finance companies filed for chapter 11 protection on
June 12, 2001 (Bankr. S.D.N.Y. Case No. 01-13403) listing
$12,598,054,000 in assets and $12,877,472,000 in debts.  The
insurance unit is being liquidated by the Insurance Commissioner
of the Commonwealth of Pennsylvania.  (Reliance Bankruptcy News,
Issue No. 83; Bankruptcy Creditors' Service, Inc., 215/945-7000)


THAXTON GROUP: Posts $71 Mil. Cumulative Net Loss in Sept. 2005
---------------------------------------------------------------
On Oct. 25, 2005, The Thaxton Group filed its monthly operating
report for the month of September 2005 with the U.S. Bankruptcy
Court for the District of Delaware.

The company reported a cumulative net loss of $70,989,988 on
$106,407,040 of revenue for the period from Oct. 17, 2003 thru
Sept. 30, 2005.

At Sept. 30, 2005, the Company's balance sheet reflects:

      Total Assets                      $101,638,795
      Total Liabilities                  173,989,057
      Stockholders' Equity Deficit      ($72,350,262)

A full-text copy of Thaxton Group's September 2005 Monthly
Operating Report is available at no charge at:

           http://ResearchArchives.com/t/s?2bf

Headquartered in Lancaster, South Carolina, The Thaxton Group,
Inc., is a diversified consumer financial services company.  The
Company filed for Chapter 11 protection on October 17, 2003
(Bankr. Del. Case No. 03-13183).  The Debtors are represented by
Michael G. Busenkell, Esq., and Robert J. Dehney, Esq., at Morris,
Nichols, Arsht & Tunnell.


UAL CORP: Posts $1.5 Billion Net Loss in September 2005
-------------------------------------------------------

             UAL Corporation and Subsidiary Companies
         Condensed Consolidating Statement of Operations
               For The Month Ended September 30, 2005
                         (In Thousands)

Total operating revenues                              1,635,536

Total operating expenses                              1,659,709
                                                     ----------
Earnings (loss) from operations                         (24,173)

Non-operating income (expenses):
   Net interest expense                                 (52,777)
   Other income (expenses), net:                         22,569
                                                     ----------
Total non-operating income (expenses):                  (30,208)
                                                     ----------
Net Earnings (loss) before Reorganization items         (54,381)

Reorganization Expenses                              (1,408,648)
                                                     ----------
Net earnings (loss)                                  (1,463,029)
                                                     ==========

A full-text copy of UAL Corporation's September 2005 Operating
Report is available for free at the Securities and Exchange
Commission at:

               http://ResearchArchives.com/t/s?2c1

Headquartered in Chicago, Illinois, UAL Corporation --
http://www.united.com/-- through United Air Lines, Inc., is the  
holding company for United Airlines -- the world's second largest
air carrier.  The Company filed for chapter 11 protection on  
December 9, 2002 (Bankr. N.D. Ill. Case No. 02-48191).  James H.M.
Sprayregen, Esq., Marc Kieselstein, Esq., David R. Seligman, Esq.,
and Steven R. Kotarba, Esq., at Kirkland & Ellis, represent the
Debtors in their restructuring efforts.  When the Debtors filed
for protection from their creditors, they listed $24,190,000,000
in assets and $22,787,000,000 in debts.  (United Airlines
Bankruptcy News, Issue No. 106; 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
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
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.  
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged. Send announcements to
conferences@bankrupt.com.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals. All titles are
available at your local bookstore or through Amazon.com. Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911. For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                          *********

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, Tara Marie Martin, and Peter A. Chapman, Editors.

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

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
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                    *** End of Transmission ***