/raid1/www/Hosts/bankrupt/TCR_Public/060218.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, February 18, 2006, Vol. 10, No. 42
Headlines
ACCEPTANCE INSURANCE: Posts $13,820 Net Loss in December 2005
AMES DEPARTMENT: Posts $1.78 Mil. Net Loss for Period Ended Oct. 1
AMES DEPARTMENT: Posts $178,000 Net Loss for Period Ended Oct. 29
AMES DEPARTMENT: Posts $276,000 Net Loss for Period Ended Nov. 26
AOL LATIN: Files Monthly Operating Report for December 2005
CATHOLIC CHURCH: Portland's December 2005 Monthly Operating Report
CATHOLIC CHURCH: Spokane's December 2005 Monthly Operating Report
DELPHI CORP: Delphi LLC Files Schedules of Assets and Liabilities
DELPHI CORP: Dreal Files Schedules of Assets and Liabilities
DELPHI CORP: International Services Files Amended Schedules
DELPHI CORP: Liquidation Files Schedules of Assets and Debts
DELPHI CORP: Mechatronic Systems Files Amended Schedules
DELPHI CORP: Medical Systems Files Amended Schedules
DELPHI CORP: Medical Systems Colorado Files Amended Schedules
DELHPI CORP: Medical Systems Texas Files Amended Schedules
DELPHI CORP: NY Holding Files Amended Schedules of Assets & Debts
DELPHI CORP: Packard Hughes Files Schedules of Assets & Debts
DELPHI CORP: Services Holding Files Amended Schedules
DELPHI CORP: Specialty Electronics Inc. Files Amended Schedules
DELPHI CORP: Specialty Ltd. Files Schedules of Assets and Debts
DELPHI CORP: Technologies Files Amended Schedules
DELTA AIRLINES: Posts $753 Million Net Loss in December 2005
ENTERGY NEW ORLEANS: Earns $5.3 Mil. For The Month of Dec. 2005
KUSHNER-LOCKE: December 2005 Monthly Operating Reports
MIIX GROUP: Posts $366,926 Cumulative Net Loss in December 2005
SONICBLUE INC: Files December 2005 Monthly Operating Report
THAXTON GROUP: Posts $77 Million Cumulative Net Loss in Dec. 2005
USG CORP: Posts $1.87 Billion Net Loss in December 2005
*********
ACCEPTANCE INSURANCE: Posts $13,820 Net Loss in December 2005
-------------------------------------------------------------
On Feb. 9, 2006, Acceptance Insurance Companies Inc. filed its
monthly operating report for January 2006 with the U.S.
Bankruptcy Court for the District of Nebraska.
The Debtor reports a $13,820 net loss on $12,679 of total revenue
for January 2006.
At Jan. 31, 2006, Acceptance Insurance Companies Inc.'s balance
sheet showed:
Total Current Assets $2,436,647
Total Assets 32,702,837
Total Liabilities 138,200,036
Total Shareholders' Equity Deficit ($105,497,199)
A full-text copy of Acceptance Insurance Companies Inc.'s January
2006 Monthly Operating Report is available at no charge at
http://ResearchArchives.com/t/s?595
Headquartered in Council Bluffs, Iowa, Acceptance Insurance
Companies Inc. -- http://www.aicins.com/-- owns, either directly
or indirectly, several companies, one of which is an insurance
company that accounts for substantially all of the business
operations and assets of the corporate groups. The Company filed
for chapter 11 protection on Jan. 7, 2005 (Bankr. D. Nebr. Case
No. 05-80059). The Debtor's affiliates -- Acceptance Insurance
Services, Inc., and American Agrisurance, Inc. -- filed separate
chapter 7 petitions (Bankr. D. Nebr. Case Nos. 05-80056 & 05-
80058) on Jan. 7, 2005. John J. Jolley, Esq., at Kutak Rock LLP,
represents the Debtor in its restructuring efforts. When the
Debtor filed for protection from its creditors, it listed
$33,069,446 in total assets and $137,120,541 in total debts.
AMES DEPARTMENT: Posts $1.78 Mil. Net Loss for Period Ended Oct. 1
------------------------------------------------------------------
Ames Department Stores, Inc., and Subsidiaries
Unaudited Consolidated Condensed Balance Sheets
At October 1, 2005
(In Thousands)
ASSETS
Current Assets:
Cash and cash equivalents $15,571
Restricted cash 58,469
Receivables 1,313
----------
Total current assets 75,353
Fixed Assets -
----------
Total Assets $75,353
==========
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Accounts payable:
Trade 52,935
Other 10,660
----------
Total accounts payable 63,595
Self-insurance reserves 27,628
Accrued expenses 18,970
Liabilities subject to compromise 840,678
----------
Total liabilities 950,871
Stockholders' equity (deficit)
Common stock 295
Additional paid-in capital 533,393
Accumulated deficit (1,408,284)
Treasury stock (922)
----------
Total stockholders' deficit (875,518)
----------
Total liabilities and stockholders' deficit $75,353
==========
Ames Department Stores, Inc., and Subsidiaries
Unaudited Consolidated Condensed Statements of Operations
For the Five Weeks Ended October 1, 2005
(In Thousands)
Total revenue $1,982
Costs and expenses
Wind down expenses and other costs 226
Gain on Sale of Assets (133)
Write off of excess reserves -
Professional fees 100
----------
Income (Loss) before income taxes (1,789)
Income tax provision -
----------
Net Income (Loss) ($1,789)
==========
Ames Department Stores, Inc., and Subsidiaries
Unaudited Consolidated Condensed Statements of Cash Flows
For the Five Weeks Ended October 1, 2005
(In Thousands)
Cash flows from operating activities:
Net income $1,789
Expenses not requiring the outlay of cash:
Gain on the sale of assets (133)
Cash provided by operations (1,656)
Changes in working capital:
Decrease in receivables 222
Decrease in accrued exp. and other liabilities (344)
Decrease in accounts payable (1,598)
Increase in Restricted Cash (2)
----------
Net cash provided by operating activities (66)
Cash flows from financing activities:
Change in liabilities subject to compromise (1,804)
Proceeds from the sale of assets 133
----------
Net cash used by financing activities (1,671)
Decrease in cash and cash equivalents (1,737)
Cash and cash equivalents, beginning of period 17,308
----------
Cash and cash equivalents, end of period $15,571
==========
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.
Richard Nevins, Jr., at Jefferies & Company, Inc., gives financial
advisory services to the Debtors. Scott L. Hazan, Esq., at
Otterbourg Steindler Houston & Rosen P.C., gives legal advice to
the Official Committee of Unsecured Creditors and Dominic DiNapoli
at PriceWaterhouseCoopers LLP gives financial advisory services to
the Committee. 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. 75; Bankruptcy
Creditors' Service, Inc., 215/945-7000)
AMES DEPARTMENT: Posts $178,000 Net Loss for Period Ended Oct. 29
-----------------------------------------------------------------
Ames Department Stores, Inc., and Subsidiaries
Unaudited Consolidated Condensed Balance Sheets
At October 29, 2005
(In Thousands)
ASSETS
Current Assets:
Cash and cash equivalents $14,868
Restricted cash 58,462
Receivables 1,585
----------
Total current assets 74,915
Fixed Assets -
----------
Total Assets $74,915
==========
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Accounts payable:
Trade $52,634
Other 10,734
----------
Total accounts payable 63,368
Self-insurance reserves 27,390
Accrued expenses 18,893
Liabilities subject to compromise 840,870
----------
Total liabilities 950,611
Stockholders' equity (deficit)
Common stock 295
Additional paid-in capital 533,393
Accumulated deficit (1,408,462)
Treasury stock (922)
----------
Total stockholders' deficit (875,696)
----------
Total liabilities and stockholders' deficit $74,915
==========
Ames Department Stores, Inc., and Subsidiaries
Unaudited Consolidated Condensed Statements of Operations
For the Four Weeks Ended October 29, 2005
(In Thousands)
Total revenue $140
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 (178)
Income tax provision -
----------
Net Income (Loss) ($178)
==========
Ames Department Stores, Inc., and Subsidiaries
Unaudited Consolidated Condensed Statements of Cash Flows
For the Four Weeks Ended October 29, 2005
(In Thousands)
Cash flows from operating activities:
Net loss ($178)
Expenses not requiring the outlay of cash:
Gain on the sale of assets
Cash provided by operations (178)
Changes in working capital:
Increase in receivables (272)
Decrease in accrued exp. and other liabilities (225)
Decrease in accounts payable (227)
Decrease in Restricted Cash 7
----------
Net cash provided by operating activities (895)
Cash flows from financing activities:
Change in liabilities subject to compromise 192
Proceeds from the sale of assets
----------
Net cash used by financing activities 192
Decrease in cash and cash equivalents (703)
Cash and cash equivalents, beginning of period 15,571
----------
Cash and cash equivalents, end of period $14,868
==========
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.
Richard Nevins, Jr., at Jefferies & Company, Inc., gives financial
advisory services to the Debtors. Scott L. Hazan, Esq., at
Otterbourg Steindler Houston & Rosen P.C., gives legal advice to
the Official Committee of Unsecured Creditors and Dominic DiNapoli
at PriceWaterhouseCoopers LLP gives financial advisory services to
the Committee. 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. 75; Bankruptcy
Creditors' Service, Inc., 215/945-7000)
AMES DEPARTMENT: Posts $276,000 Net Loss for Period Ended Nov. 26
-----------------------------------------------------------------
Ames Department Stores, Inc., and Subsidiaries
Unaudited Consolidated Condensed Balance Sheets
At November 26, 2005
(In Thousands)
ASSETS
Current Assets:
Cash and cash equivalents $14,131
Restricted cash 58,459
Receivables 1,330
----------
Total current assets 73,920
Fixed Assets -
----------
Total Assets $73,920
==========
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Accounts payable:
Trade 52,624
Other 10,532
----------
Total accounts payable 63,156
Self-insurance reserves 27,123
Accrued expenses 18,967
Liabilities subject to compromise 840,646
----------
Total liabilities 949,892
Stockholders' equity (deficit)
Common stock 295
Additional paid-in capital 533,393
Accumulated deficit (1,408,738)
Treasury stock (922)
----------
Total stockholders' deficit (875,972)
----------
Total liabilities and stockholders' deficit $73,920
==========
Ames Department Stores, Inc., and Subsidiaries
Unaudited Consolidated Condensed Statements of Operations
For the Four Weeks Ended November 26, 2005
(In Thousands)
Total revenue $224
Costs and expenses
Wind down expenses and other costs 450
Gain on Sale of Assets (25)
Write off of excess reserves -
Professional fees 75
----------
Income (Loss) before income taxes (276)
Income tax provision -
----------
Net Income (Loss) ($276)
==========
Ames Department Stores, Inc., and Subsidiaries
Unaudited Consolidated Condensed Statements of Cash Flows
For the Four Weeks Ended November 26, 2005
(In Thousands)
Cash flows from operating activities:
Net income (loss) ($276)
Expenses not requiring the outlay of cash:
Gain on the sale of assets (25)
Cash provided by operations (301)
Changes in working capital:
Decrease in receivables 255
Decrease in accrued exp. and other liabilities (283)
Decrease in accounts payable (212)
Decrease in Restricted Cash 3
----------
Net cash provided by operating activities (538)
Cash flows from financing activities:
Change in liabilities subject to compromise (224)
Proceeds from the sale of assets 25
----------
Net cash used by financing activities (199)
Decrease in cash and cash equivalents (737)
Cash and cash equivalents, beginning of period 14,868
----------
Cash and cash equivalents, end of period $14,131
==========
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.
Richard Nevins, Jr., at Jefferies & Company, Inc., gives financial
advisory services to the Debtors. Scott L. Hazan, Esq., at
Otterbourg Steindler Houston & Rosen P.C., gives legal advice to
the Official Committee of Unsecured Creditors and Dominic DiNapoli
at PriceWaterhouseCoopers LLP gives financial advisory services to
the Committee. 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. 75; Bankruptcy
Creditors' Service, Inc., 215/945-7000)
AOL LATIN: Files Monthly Operating Report for December 2005
-----------------------------------------------------------
On Feb. 6, 2006, America Online Latin America, Inc., and its
debtor-affiliates, filed their monthly operating report for the
month ended December 2005, with the United States Bankruptcy
Court for the District of Delaware.
For the month ending Dec. 31, 2005, the Company's Income
Statement shows:
Net Income/
Revenue (Net Loss)
------- -----------
America Online Latin $0 ($499)
America, Inc.
AOL Latin America Management, $99,167 $1,519,130
LLC
AOL Puerto Rico Management $3,062 ($212,120)
Services, Inc.
America Online Caribbean Basin, $43,745 ($154,537)
Inc.
At Dec. 31, 2005, the Company's balance sheet shows:
America Online Latin America, Inc.
__________________________________
Current Assets $17,404,086
Total Assets 611,241,895
Current Liabilities 6,130,621
Total Liabilities 166,130,621
Total Stockholders' Equity [$445,111,274]
AOL Latin America Management, LLC
_________________________________
Current Assets $14,928,239
Total Assets 15,000,954
Current Liabilities 27,114,329
Total Liabilities 27,114,329
Total Stockholders' Deficit ($12,113,375)
AOL Puerto Rico Management Services, Inc.
_________________________________________
Current Assets ($272)
Total Assets 126,425
Current Liabilities 6,338,689
Total Liabilities 6,355,137
Total Stockholders' Deficit [($6,228,712)]
America Online Caribbean Basin, Inc.
____________________________________
Current Assets $20,519,801
Total Assets 20,540,126
Current Liabilities 199,489
Total Liabilities 199,489
Total Stockholders' Equity $20,340,637
A full-text copy of America Online Latin America, Inc., and its
debtor-affiliates' Monthly Operating Report for the month ended
December 2005, is available at no charge at:
http://ResearchArchives.com/t/s?58f
Headquartered in Fort Lauderdale, Florida, America Online Latin
America, Inc. -- http://www.aola.com/-- offers AOL-branded
Internet service in Argentina, Brazil, Mexico, and Puerto Rico, as
well as localized content and online shopping over its proprietary
network. Principal shareholders in AOLA are Cisneros Group, one
of Latin America's largest media firms, Brazil's Banco Itau, and
Time Warner, through America Online. The Company and its debtor-
affiliates filed for chapter 11 protection on June 24, 2005
(Bankr. D. Del. Case No. 05-11778). Pauline K. Morgan, Esq., and
Edmon L. Morton, Esq., at Young Conaway Stargatt & Taylor, LLP and
Douglas P. Bartner, Esq., at Shearman & Sterling LLP represent the
Debtors in their restructuring efforts. When the Debtors filed
for protection from their creditors, they listed total assets of
$28,500,000 and total debts of $181,774,000.
CATHOLIC CHURCH: Portland's December 2005 Monthly Operating Report
------------------------------------------------------------------
Pastoral Center
Archdiocese of Portland in Oregon
Statement of Financial Position
As of December 31, 2005
ASSETS
Cash and cash equivalents $15,442,175
Accounts receivable, net 3,028,656
Notes, estates and other receivables 12,046,861
Loans receivable from Archdiocesan entities, net 8,772,133
Loans receivable from Archdiocesan housing entities 529,568
Interest receivable and other assets 261,437
Inventories 1,617,624
Real Property 226,688
Deposits and prepaid expenses 35,114
Investments 95,461,846
Advances to Archdiocesan housing entities 1,640,000
Land, buildings, and equipment, net 7,772,152
--------------
Total Assets $146,834,254
==============
LIABILITIES AND NET ASSETS
Liabilities:
Prepetition
Accounts payable $822,302
Accrued liabilities 2,222,226
Funds held for others
Second Collections (12)
Short-term investments payable 15,548,094
Long-term pool investments payable 19,211,914
Reserve for insurance claims 2,343,946
Notes payable 10,969,405
Pre-need liability and reserve 456,268
Accrued post-retirement liability 7,607,264
--------------
Total Prepetition Liabilities 59,181,407
--------------
Postpetition
Accounts payable 1,035,413
Accrued liabilities 2,863,955
Funds held for others
Second Collections 231,677
Short-term investments payable 2,711,762
Long-term pool investments 3,855,207
Reserve for insurance claims (15,922)
Notes payable -
Pre-need liability and reserve 23,740
Accrued post-retirement liability 404,521
--------------
Total Postpetition Liabilities 11,110,353
--------------
Total Liabilities 70,291,760
--------------
Net Assets:
Prepetition Net Assets:
Charitable Trust Assets 69,965,716
Other Assets (3,575,955)
--------------
Total Prepetition Net Assets 66,389,761
--------------
Postpetition Net Assets:
Charitable Trust Assets 5,593,939
Other Assets 4,558,794
--------------
Total Postpetition Net Assets 10,152,733
--------------
Total Net Assets 76,542,494
--------------
Total liabilities & net assets $146,834,254
==============
Pastoral Center
Archdiocese of Portland in Oregon
Statement of Activities
For the month ending December 31, 2005
Revenues, gains and other support
Annual Catholic Appeal income $448
Gross profit on cemetery sales 94,048
Contributions, gifts, annuities and bequests 102,469
Operating support - Oregon Catholic Press -
Investment income and realized gains (losses),
net of expenses 604,087
Change in unrealized gains (losses) 399,049
Insurance premiums, net 1,602
Interest income from loans 42,866
Parish assessments 251,797
Other income 41,979
Departmental revenues 17,004
Net assets released from restrictions -
--------------
Total revenues, gains, and other support 1,555,349
--------------
Expenses and program support:
Program Services:
Annual Catholic Appeal program support,
grants and parish subsidies 263,922
Clergy Services 36,199
Catholic Schools 32,041
Pastoral Services 49,298
Evangelization Services 52,463
Public Services 9,665
Tribunal Services 20,124
Deposit and loan interest 116,957
Insurance program 805,378
Cemetery operating expenses 77,283
High School grants/charitable annuities 22,515
Other program expenses 75,311
--------------
Total program services 1,561,156
--------------
Supporting Services:
Archbishop, Vicar General
and Chancellor Services 50,485
Finance & Administration:
Resource Development 74,691
Business Affairs 9,969
Financial Services 60,925
Human Resources 26,860
Shared Services 25,169
Occupancy and physical plant expenses 11,150
Designated funds expense 4,411
Bankruptcy expense 255,483
Depreciation expense -
--------------
Total supporting services 519,143
--------------
Total expenses and program support 2,080,299
--------------
Increase (decrease) in net assets before
transfers and designations of net assets (524,950)
Fund transfers - in (out) -
Designation of net assets -
--------------
Increase (decrease) in net assets (524,950)
Net assets at beginning of year 77,067,444
--------------
Net assets at end of year $76,542,494
==============
Archdiocese of Portland in Oregon
Statement of Cash Receipts and Disbursements
For the month ending December 31, 2005
Beginning Cash Balance: $15,802,948
Add:
Transfers in 1,498,749
Receipts Deposited 2,020,850
Other (Return of Direct Deposits) -
Other (Interest Income) 53,196
--------------
Total Cash Receipts 3,572,795
Subtract:
Transfers out (1,498,749)
Disbursements by check or debit (2,432,060)
Cash withdrawn -
Other (Service Charges) (1,288)
Other (Misc Check Correction) -
Other (NSF Checks) (1,470)
Other (Clear Interfund Rec/Pay) -
--------------
Total Cash Disbursements (3,933,567)
--------------
Ending Cash Balance $15,442,177
==============
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. Albert N. Kennedy, Esq., at Tonkon Torp, LLP, represents
the Official Tort Claimants Committee in Portland, and scores of
abuse victims are represented by other lawyers. David A. Foraker
serves as the Future Claimants Representative appointed in the
Archdiocese of Portland's Chapter 11 case. 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. 52; Bankruptcy Creditors' Service, Inc., 215/945-7000)
CATHOLIC CHURCH: Spokane's December 2005 Monthly Operating Report
-----------------------------------------------------------------
Catholic Diocese of Spokane
Balance Sheet
As of December 31, 2005
ASSETS
Total Cash Accounts $2,331,553
Total Investments 3,876,835
Total Property 495,004
Total Loans Receivable 2,884,589
Total Interfund Loan Receivable 396,887
Total Accounts Receivable 59,968
Total Land and Buildings & Equip 2,474,977
Total Prepaid Expenses 64,001
--------------
Total Assets $12,583,813
==============
LIABILITIES AND NET ASSETS
Liabilities
Total Deposits Payable 6,422,223
Total Interest Payable 0
Total Accounts Payable 464
Total Long-term Liabilities 9,335,400
Net Assets
Total Unrestricted - Fund Balance (15,677,996)
Total Unrestricted Net Assets (15,677,996)
T.R. - Guse Grant Funds 228,778
T.R. - Bishop's School Grants Funds 122,331
Total Replacement Fund 9,852,297
Total Diocesan D&L Funding 2,176,115
Total Guatemala Funds 605,210
Temporarily Restricted 99
--------------
Total liabilities & net assets $12,713,813
==============
Catholic Diocese of Spokane
Income and Expense Statement
For the month ending December 31, 2005
Total Income $216,910
Total Expenses 729,980
--------------
Net Excess or Deficit $513,070
==============
Catholic Diocese of Spokane
Statement of Cash Receipts and Disbursements
December 1, 2005 to December 30, 2005
Total Cash Receipts $249,585
Total Cash Disbursements ($373,025)
A full-text copy of the Diocese of Spokane's December 2005
monthly operating report is available for free at:
http://ResearchArchives.com/t/s?579
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. George E. Frasier, Esq., and Joseph E.
Shickich, Jr., Esq., at Riddell Williams P.S., represent the
Official Committee of Tort Claimants. James Stang, Esq., and
Hamid Rafatjoo, Esq., at Pachulski, Stang, Ziehl, Young, Jones &
Weintraub, PC, and John W. Campbell, Esq., Richard M. George,
Esq., and Joseph A. Esposito, Esq., at Esposito, George & Campbell
PLLC represent the Official Tort Litigants Committee and Perry M.
Mandarino, at Traxi LLC, gives financial advisory services to the
Tort Litigants Committee. Gayle E. Bush is the Future Claims
Representative. Jay Kornfeld, Esq., at Bush Strout & Kornfeld
represent the the Future Claims Representative. 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. 52; Bankruptcy Creditors' Service,
Inc., 215/945-7000)
DELPHI CORP: Delphi LLC Files Schedules of Assets and Liabilities
-----------------------------------------------------------------
A. Real Estate None
B. Personal Property
B.9 Interests in insurance policies Undetermined
TOTAL SCHEDULED ASSETS --
=====
C. Property Claimed as Exempt None
D. Secured Claims
Mercedes-Benz U.S. Int'l Inc. Unknown
E. Unsecured Priority Claims
State of Vermont Unknown
State Processing Center, Albany NY Unknown
Tennessee Secretary of State Unknown
The Commonwealth of Massachusetts Unknown
Trey Grayson Unknown
Wisconsin Dept. of Financial Institute Unknown
West Virginia State Tax Department Unknown
Wyoming Secretary of State Unknown
F. Unsecured NonPriority Claims
Asherbranner, Jennifer T. Unknown
Bayview Technology Group, LLC Unknown
BMC Holding Corp. Unknown
Bradley, Phyllis Jean Unknown
Building Material Holding Corp. Unknown
Cannon, Billy Unknown
Hoot, Dan Unknown
M.C., Wholesale, Inc. Unknown
NCOC, Inc. Unknown
Peak Industries, Inc. Unknown
TOTAL SCHEDULED LIABILITIES --
=====
A full text copy of Delphi LLC's list of Interests in insurance
policies is available for free at
http://ResearchArchives.com/t/s?57a
Headquartered in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is the single largest global supplier of
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology. The Company's
technology and products are present in more than 75 million
vehicles on the road worldwide. The Company filed for chapter 11
protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-44481). John Wm. Butler Jr., Esq., John K. Lyons, Esq., and
Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
represent the Debtors in their restructuring efforts. Randall S.
Eisenberg at FTI Consulting, Inc., gives restructuring and
financial advisory services to the Debtors. David L. Resnick at
Rothschild, Inc., gives financial advisory and investment banking
services to the Debtors. Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., Mark A. Broude, Esq., at Latham & Watkins LLP
represent the Official Committee of Unsecured Creditors and
William Q. Derrough at Jefferies & Company, Inc., gives financial
advisory and investment banking services to the Committee. Larry
Lattig, at Mesirow Financial Consulting, LLC, also gives financial
advisory services to the Committee. As of Aug. 31, 2005, the
Debtors' balance sheet showed $17,098,734,530 in total assets and
$22,166,280,476 in total debts. (Delphi Bankruptcy News, Issue
No. 16; Bankruptcy Creditors' Service, Inc., 215/945-7000)
DELPHI CORP: Dreal Files Schedules of Assets and Liabilities
------------------------------------------------------------
A. Real Estate None
B. Personal Property
B.9 Interests in insurance policies
B.22 Other intangibles
Real estate brokerage license Undetermined
TOTAL SCHEDULED ASSETS --
=====
C. Property Claimed as Exempt None
D. Secured Claims None
E. Unsecured Priority Claims
Internal Revenue Service Unknown
Michigan Department of Treasury Unknown
Michigan Department of Labor Unknown
State of Delaware Division of Corporations Unknown
F. Unsecured NonPriority Claims
Pension Benefit Guaranty Corp. Unknown
TOTAL SCHEDULED LIABILITIES --
=====
A full text copy of Dreal, Inc.'s list of Interests in insurance
policies is available for free at
http://ResearchArchives.com/t/s?57b
Headquartered in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is the single largest global supplier of
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology. The Company's
technology and products are present in more than 75 million
vehicles on the road worldwide. The Company filed for chapter 11
protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-44481). John Wm. Butler Jr., Esq., John K. Lyons, Esq., and
Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
represent the Debtors in their restructuring efforts. Randall S.
Eisenberg at FTI Consulting, Inc., gives restructuring and
financial advisory services to the Debtors. David L. Resnick at
Rothschild, Inc., gives financial advisory and investment banking
services to the Debtors. Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., Mark A. Broude, Esq., at Latham & Watkins LLP
represent the Official Committee of Unsecured Creditors and
William Q. Derrough at Jefferies & Company, Inc., gives financial
advisory and investment banking services to the Committee. Larry
Lattig, at Mesirow Financial Consulting, LLC, also gives financial
advisory services to the Committee. As of Aug. 31, 2005, the
Debtors' balance sheet showed $17,098,734,530 in total assets and
$22,166,280,476 in total debts. (Delphi Bankruptcy News, Issue
No. 16; Bankruptcy Creditors' Service, Inc., 215/945-7000)
DELPHI CORP: International Services Files Amended Schedules
-----------------------------------------------------------
Delphi International Services, Inc., delivered to the U.S.
Bankruptcy Court for the Southern District of New York its amended
Schedules of Assets and Liabilities to reflect certain changes in
Schedule F. Specifically, Delphi International amended its
Schedule F to reflect aggregate debits reflected in the Debtor's
cross-charge accounts. The Debtor identified certain claims
related to cross-charge accounts as unliquidated.
A. Real Estate None
B. Personal Property
B.2 Bank accounts
Citibank, N.A., (Taipei branch) $0
UBS AG 0
B.9 Interests in insurance policies Undetermined
B.12 Stock and interests
Delphi Automotive Sys (Thailand) Ltd. Undetermined
B.13 Interests in partnerships
Delphi Otomotiv Sistemleri Samayi Undetermined
B.15 Accounts receivable
Trade 456
Intercompany 337,079
TOTAL SCHEDULED ASSETS $337,535
=========
C. Property Claimed as Exempt None
D. Secured Claims
JPMorgan Chase Bank, N.A. Unknown
E. Unsecured Priority Claims
City of Dayton Income Tax Unknown
City of Kettering - Tax Division Unknown
City of Moraine Dept. of Taxation Unknown
Finance Direct, Elizabethtown,KY Unknown
Income Tax Office, Vandalia, Oh Unknown
Internal Revenue Services Unknown
State of Delaware Division of Corps. Unknown
F. Unsecured NonPriority Claims
Miller Nancy $0
Pension Benefit Guaranty Corp. Unknown
Prudential Relocation Inc. 151,084
Aggregate Debit In Cross Charge Accounts (1,883,597)
TOTAL SCHEDULED LIABILITIES ($1,732,513)
============
A full text copy of Delphi International Services, Inc.'s list of
Interests in insurance policies is available for free at
http://ResearchArchives.com/t/s?57c
Headquartered in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is the single largest global supplier of
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology. The Company's
technology and products are present in more than 75 million
vehicles on the road worldwide. The Company filed for chapter 11
protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-44481). John Wm. Butler Jr., Esq., John K. Lyons, Esq., and
Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
represent the Debtors in their restructuring efforts. Randall S.
Eisenberg at FTI Consulting, Inc., gives restructuring and
financial advisory services to the Debtors. David L. Resnick at
Rothschild, Inc., gives financial advisory and investment banking
services to the Debtors. Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., Mark A. Broude, Esq., at Latham & Watkins LLP
represent the Official Committee of Unsecured Creditors and
William Q. Derrough at Jefferies & Company, Inc., gives financial
advisory and investment banking services to the Committee. Larry
Lattig, at Mesirow Financial Consulting, LLC, also gives financial
advisory services to the Committee. As of Aug. 31, 2005, the
Debtors' balance sheet showed $17,098,734,530 in total assets and
$22,166,280,476 in total debts. (Delphi Bankruptcy News, Issue
No. 16; Bankruptcy Creditors' Service, Inc., 215/945-7000)
DELPHI CORP: Liquidation Files Schedules of Assets and Debts
------------------------------------------------------------
A. Real Estate None
B. Personal Property
B.9 Interests in insurance policies Undetermined
TOTAL SCHEDULED ASSETS --
=====
C. Property Claimed as Exempt None
D. Secured Claims
JPMorgan Chase Bank, N.A. Unknown
E. Unsecured Priority Claims
Internal Revenue Service Unknown
F. Unsecured NonPriority Claims
Pension Benefit Guaranty Corp. Unknown
TOTAL SCHEDULED LIABILITIES --
=====
A full text copy of Delphi Liquidation Co.'s list of Interests in
insurance policies is available for free at
http://ResearchArchives.com/t/s?57d
Headquartered in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is the single largest global supplier of
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology. The Company's
technology and products are present in more than 75 million
vehicles on the road worldwide. The Company filed for chapter 11
protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-44481). John Wm. Butler Jr., Esq., John K. Lyons, Esq., and
Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
represent the Debtors in their restructuring efforts. Randall S.
Eisenberg at FTI Consulting, Inc., gives restructuring and
financial advisory services to the Debtors. David L. Resnick at
Rothschild, Inc., gives financial advisory and investment banking
services to the Debtors. Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., Mark A. Broude, Esq., at Latham & Watkins LLP
represent the Official Committee of Unsecured Creditors and
William Q. Derrough at Jefferies & Company, Inc., gives financial
advisory and investment banking services to the Committee. Larry
Lattig, at Mesirow Financial Consulting, LLC, also gives financial
advisory services to the Committee. As of Aug. 31, 2005, the
Debtors' balance sheet showed $17,098,734,530 in total assets and
$22,166,280,476 in total debts. (Delphi Bankruptcy News, Issue
No. 16; Bankruptcy Creditors' Service, Inc., 215/945-7000)
DELPHI CORP: Mechatronic Systems Files Amended Schedules
--------------------------------------------------------
Delphi Mechatronic Systems, Inc., delivered to the U.S. Bankruptcy
Court for the Southern District of New York its amended Schedules
of Assets and Liabilities to reflect certain changes in Schedule
F. Specifically, Delphi Mechatronic amended its Schedule F to
reflect aggregate debits reflected in the Debtor's cross-charge
accounts. The Debtor identified certain claims related to cross-
charge accounts as unliquidated.
A. Real Estate None
B. Personal Property
B.1 Cash on hand $200
B.2 Bank accounts
Bank One, Illinois --
Bank One, Michigan --
B.9 Interests in insurance policies Undetermined
B.15 Accounts receivable
Trade 20,066,599
Intercompany 6,242,093
Allowances (3,207,289)
B.17 Other liquidated debts owed
Refund of U.S. import duties 845,282
Receivable due from customer 7,215,474
B.20 Other contingent & unliquidated claims
Refunds of U.S. duties Undetermined
B.26 Office equipment 189,925
B.27 Machinery, furniture and fixtures
Leasehold improvements 516,198
Machinery and equipment 1,334,873
B.28 Inventory
Productive inventory 15,699,546
B.33 Other personal property
Prepaid expenses 703,788
Construction in process 475,308
TOTAL SCHEDULED ASSETS $50,081,999
============
C. Property Claimed as Exempt None
D. Secured Claims
JPMorgan Chase Bank, N.A. Unknown
Oce-USA Inc. Unknown
E. Unsecured Priority Claims
Comptroller of Pub Accounts Unknown
Illinois Department of Revenue Unknown
Internal Revenue Service Unknown
Jesse White Unknown
Michigan Dept. of Labor Unknown
Montgomery County Treasurer Unknown
Ohio Dept. of Taxation Unknown
Delaware Div. Of Corporations Unknown
F. Unsecured NonPriority Claims
Century Mold & Tool Co. Inc. $660,365
Collins & Aikman Corp. 115,354
Current, Former & Retired Employees:
Post-Employment Pension Benefits 5,170,000
Post-Employment Health & Life Benefits 3,205,000
DAE Sung Electric Co Ltd 159,797
Delphi Auto Sys LLC 18,258,202
Delphi - P Kokomo 150,721
Deringer MFG Co Inc. 139,687
Foreman Tool & Mold Corp. 333,131
Freescale Semiconductor 145,822
G Shank Mexico Inc 343,371
Infineon Technologies Corp. 178,060
Lear Corp. Greencastle 163,605
Noble USA Inc. 158,001
Pro Tech Plastics Inc. 327,541
Pylon Tool Corp. 225,553
Stanley Electric of America Inc. 220,352
Summit Polymers Inc. 131,846
Sun Microstamping Inc. 134,530
Test Solutions LLC 148,997
Wamco Inc. 185,225
Wellman Inc. 111,594
World Products Inc. 117,772
Zilog Inc. 114,380
Others 3,427,248
TOTAL SCHEDULED LIABILITIES $34,326,154
============
A full text copy of Delphi Mechatronic Systems Inc.'s list of
Interests in insurance policies is available for free at
http://ResearchArchives.com/t/s?57e
Headquartered in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is the single largest global supplier of
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology. The Company's
technology and products are present in more than 75 million
vehicles on the road worldwide. The Company filed for chapter 11
protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-44481). John Wm. Butler Jr., Esq., John K. Lyons, Esq., and
Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
represent the Debtors in their restructuring efforts. Randall S.
Eisenberg at FTI Consulting, Inc., gives restructuring and
financial advisory services to the Debtors. David L. Resnick at
Rothschild, Inc., gives financial advisory and investment banking
services to the Debtors. Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., Mark A. Broude, Esq., at Latham & Watkins LLP
represent the Official Committee of Unsecured Creditors and
William Q. Derrough at Jefferies & Company, Inc., gives financial
advisory and investment banking services to the Committee. Larry
Lattig, at Mesirow Financial Consulting, LLC, also gives financial
advisory services to the Committee. As of Aug. 31, 2005, the
Debtors' balance sheet showed $17,098,734,530 in total assets and
$22,166,280,476 in total debts. (Delphi Bankruptcy News, Issue
No. 16; Bankruptcy Creditors' Service, Inc., 215/945-7000)
DELPHI CORP: Medical Systems Files Amended Schedules
----------------------------------------------------
Delphi Medical Systems Corporation filed amended Schedules of
Assets and Liabilities on Feb. 1, 2006. The Debtor revised its
Schedule F to reflect aggregate debits reflected in the Debtor's
cross-charge accounts. The Debtor also identified certain claims
related to cross-charge accounts as unliquidated.
A. Real Estate None
B. Personal Property
B.3 Security deposits
Regus Business Centres Corp. $875
B.9 Interests in insurance policies Undetermined
B.12 Stock and interests
Delphi Med Sys Colorado Corp. Undetermined
Delphi Med Sys Texas Corp. Undetermined
B.13 Interests in partnerships Undetermined
B.15 Accounts receivable
Intercompany 614,724
B.22 Other intangibles
DeBiotech License Agreement Undetermined
Zoe License Agreement Undetermined
Inovise License Agreement Undetermined
Scroll Lab License Agreement Undetermined
Premacare License Agreement Undetermined
SRI R&D and Licens Agreement Undetermined
Caretools Asset Purchase Agreement Undetermined
B.27 Machinery, furniture and fixtures
Machinery & equipment 157,967
Leasehold improvements 51,722
B.33 Other personal property
Prepayment made for spare parts 200,000
Various 98,330
TOTAL SCHEDULED ASSETS $1,123,618
===========
C. Property Claimed as Exempt None
D. Secured Claims
JPMorgan Chase Bank, N.A. Unknown
E. Unsecured Priority Claims
Internal Revenue Service Unknown
Massachusetts Dept. of Revenue Unknown
Michigan Dept. of Revenue Unknown
Michigan Dept. of Treasury Unknown
Michigan Dept. of Labor Unknown
State of Delaware Division of Corps. Unknown
F. Unsecured NonPriority Claims
Delphi Automotive Systems LLC $14,406,875
Delphi technologies, Inc. 34,286
Aggregate debit in cross charge accounts (2,443,405)
TOTAL SCHEDULED LIABILITIES $12,347,756
============
A full text copy of Delphi Medical Systems Corporation's list of
Interests in insurance policies is available for free at
http://ResearchArchives.com/t/s?580
Headquartered in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is the single largest global supplier of
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology. The Company's
technology and products are present in more than 75 million
vehicles on the road worldwide. The Company filed for chapter 11
protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-44481). John Wm. Butler Jr., Esq., John K. Lyons, Esq., and
Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
represent the Debtors in their restructuring efforts. Randall S.
Eisenberg at FTI Consulting, Inc., gives restructuring and
financial advisory services to the Debtors. David L. Resnick at
Rothschild, Inc., gives financial advisory and investment banking
services to the Debtors. Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., Mark A. Broude, Esq., at Latham & Watkins LLP
represent the Official Committee of Unsecured Creditors and
William Q. Derrough at Jefferies & Company, Inc., gives financial
advisory and investment banking services to the Committee. Larry
Lattig, at Mesirow Financial Consulting, LLC, also gives financial
advisory services to the Committee. As of Aug. 31, 2005, the
Debtors' balance sheet showed $17,098,734,530 in total assets and
$22,166,280,476 in total debts. (Delphi Bankruptcy News, Issue
No. 16; Bankruptcy Creditors' Service, Inc., 215/945-7000)
DELPHI CORP: Medical Systems Colorado Files Amended Schedules
-------------------------------------------------------------
Delphi Medical Systems Colorado Corporation delivered to the U.S.
Bankruptcy Court for the Southern District of New York its amended
Schedules of Assets and Liabilities to reflect certain changes in
Schedule F. Specifically, Medical Systems Colorado amended its
Schedule F to reflect aggregate debits reflected in its cross-
charge accounts. The Debtor identified certain claims related to
cross-charge accounts as unliquidated.
A. Real Estate None
B. Personal Property
B.1 Cash on hand $500
B.2 Bank accounts
UMB Bank, N.A. 3,727,881
B.3 Security deposits
GBG2 LLP 33,598
Oil Well LLC 29,200
Germaine's Technology Group Custom 12,139
B.9 Interests in insurance policies Undetermined
B.15 Accounts receivable
Trade 10,976,343
Intercompany 232,081
Allowances (94,881)
B.17 Other liquidated debts owed
State of Colorado Withholding Tax 397
COBRA Health Premiums due 920
Overpayment of Child Support-Family Registrar 411
B.23 Automobiles 9,584
B.26 Office equipment 377,957
B.27 Machinery, furniture and fixtures
Machinery and equipment 1,371,539
Leasehold improvements 219,842
B.28 Inventory 17,544,611
B.33 Other personal property
Accounts receivable -- other 461
Prepaid insurance 162,630
Prepaid rent 87,202
Construction in process 67,584
TOTAL SCHEDULED ASSETS $34,760,000
============
C. Property Claimed as Exempt None
D. Secured Claims
JPMorgan Chase Bank, N.A. Unknown
Minolta Business Solutions, Inc. Unknown
Motion Industries Inc. Unknown
XEL Communications Unknown
XPEDX Unknown
E. Unsecured Priority Claims
Colorado Dept. of Revenue, Denver, Co Unknown
Donetta Davidson Unknown
Internal Revenue Service Unknown
Michigan Dept. of Labor Unknown
Weld County Treasurer Unknown
F. Unsecured NonPriority Claims
AG Machining $213,491
AGFA Corporation 69,334
Air Incorporated 51,486
Applied Data Systems 147,550
APW Enclosure Systems, Inc. 61,007
Avnet Electronics Marketing 216,154
Cardinal Health 187,578
Coherent Inc 225,484
Craftech Corporation 65,691
Computer Optical Products, Inc. 75,709
Cunningham Engineering Inc. 65,553
Delphi Automotive Systems LLC 2,000,000
Delphi Electronics & Safety 53,503
Delphi Medical Systems 614,724
Digikey 71,966
Eltech Electronics 67,560
EMP Inc. 177,287
Forhealth Technologies, Inc. 88,578
Future Electronics 310,350
Hannah Engineering Inc. 111,711
Hewlett Packard US-IPO 293,935
IMI Norgren 55,597
Inogen, Inc. 647,228
Integrated Cable Systems 147,688
Japan Servo Co., Ltd. 127,049
Kaman Industrial Technologies 49,746
Kimchuck Inc. 124,819
KNF Neuberger 42,555
Levic Plastics 63,470
Longmont Machining Inc. 38,805
Malvern Instruments, Inc. 68,480
Minco Products, Inc. 54,692
Motion Industries (Denver) 111,906
Niton Corporation 151,506
NU Horizons Electronics Corp. 61,384
Pennsylvania Engineering Motion Tech 59,399
Piper Plastics, Inc. 48,392
PMS Manufactured Products, Inc. 54,149
Precision Valve & Automation 33,478
Progress Tool & Die 32,672
Proto Manufacturing 337,818
Pyramid Technologies 119,088
Qualitel Corporation 79,368
Rotation Engineering 51,410
SAE Circuits Colorado 34,877
SAPA 31,708
Schneeberger Inc. 36,746
Sirva Relocat 47,834
Solution Systems Technologies 37,991
Southbend Controls Inc. 61,637
Storagetek Corporation 30,873
Symbol Technologies 48,471
Telpar, Inc. 38,424
TTI 33,137
Valmark Industries, Inc. 60,577
Venkel Corp.1 52,996
Vertec Tool Inc. 77,274
Walker Stainless Equipment Co. 52,665
Western Technology Marketing 32,136
XPEDX 97,639
Zygo Corporation 47,634
Others 3,401,590
TOTAL SCHEDULED LIABILITIES $11,953,562
============
A full text copy of Delphi Medical Systems Colorado Corporation's
list of Interests in insurance policies is available for free at
http://ResearchArchives.com/t/s?57f
Headquartered in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is the single largest global supplier of
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology. The Company's
technology and products are present in more than 75 million
vehicles on the road worldwide. The Company filed for chapter 11
protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-44481). John Wm. Butler Jr., Esq., John K. Lyons, Esq., and
Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
represent the Debtors in their restructuring efforts. Randall S.
Eisenberg at FTI Consulting, Inc., gives restructuring and
financial advisory services to the Debtors. David L. Resnick at
Rothschild, Inc., gives financial advisory and investment banking
services to the Debtors. Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., Mark A. Broude, Esq., at Latham & Watkins LLP
represent the Official Committee of Unsecured Creditors and
William Q. Derrough at Jefferies & Company, Inc., gives financial
advisory and investment banking services to the Committee. Larry
Lattig, at Mesirow Financial Consulting, LLC, also gives financial
advisory services to the Committee. As of Aug. 31, 2005, the
Debtors' balance sheet showed $17,098,734,530 in total assets and
$22,166,280,476 in total debts. (Delphi Bankruptcy News, Issue
No. 16; Bankruptcy Creditors' Service, Inc., 215/945-7000)
DELHPI CORP: Medical Systems Texas Files Amended Schedules
----------------------------------------------------------
Delphi Medical Systems Texas Corporation filed with the U.S.
Bankruptcy Court for the Southern District of New York its amended
Schedules of Assets and Liabilities to reflect certain changes in
Schedule F. Specifically, the Debtor revised its Schedule F to
reflect aggregate debits reflected in the Debtor's cross-charge
accounts. The Debtor identified certain claims related to cross-
charge accounts as unliquidated.
A. Real Estate None
B. Personal Property
B.2 Bank accounts
JPMorgan Chase Bank --
B.3 Security deposits
TXU Energy 25,000
B.9 Interests in insurance policies Undetermined
B.15 Accounts receivable
Trade 4,019,139
B.26 Office equipment 15,783
B.27 Machinery, furniture and fixtures
Machinery, equipment, & supplies used 11,879
Leasehold improvements 194,560
B.28 Inventory 4,812,965
TOTAL SCHEDULED ASSETS $9,079,326
===========
C. Property Claimed as Exempt None
D. Secured Claims
JPMorgan Chase Bank, N.A. Unknown
E. Unsecured Priority Claims
Comptroller of Pub Accts, Austin, TX Unknown
Port Ben County Tax Office Unknown
Internal Revenue Service Unknown
F. Unsecured NonPriority Claims
Able Electronics Corp. $145,021
Applied Biosystems 7,377,833
Cable Technologies, Inc. 42,740
Delphi Medical Systems Corporation 443,405
Aggregate Debit In Cross Charge Accounts (41,228)
ILM Tool, Inc. 93,699
Spellman High Voltage Electron 95,675
Others 481,088
TOTAL SCHEDULED LIABILITIES $8,688,878
===========
A full text copy of Delphi Medical Systems Texas Corporation's
list of Interests in insurance policies is available for free at
http://ResearchArchives.com/t/s?581
Headquartered in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is the single largest global supplier of
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology. The Company's
technology and products are present in more than 75 million
vehicles on the road worldwide. The Company filed for chapter 11
protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-44481). John Wm. Butler Jr., Esq., John K. Lyons, Esq., and
Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
represent the Debtors in their restructuring efforts. Randall S.
Eisenberg at FTI Consulting, Inc., gives restructuring and
financial advisory services to the Debtors. David L. Resnick at
Rothschild, Inc., gives financial advisory and investment banking
services to the Debtors. Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., Mark A. Broude, Esq., at Latham & Watkins LLP
represent the Official Committee of Unsecured Creditors and
William Q. Derrough at Jefferies & Company, Inc., gives financial
advisory and investment banking services to the Committee. Larry
Lattig, at Mesirow Financial Consulting, LLC, also gives financial
advisory services to the Committee. As of Aug. 31, 2005, the
Debtors' balance sheet showed $17,098,734,530 in total assets and
$22,166,280,476 in total debts. (Delphi Bankruptcy News, Issue
No. 16; Bankruptcy Creditors' Service, Inc., 215/945-7000)
DELPHI CORP: NY Holding Files Amended Schedules of Assets & Debts
-----------------------------------------------------------------
Delphi NY Holding Corporation delivered to the U.S. Bankruptcy
Court for the Southern District of New York its amended Schedules
of Assets and Liabilities to reflect certain changes in Schedule
F. Specifically, the Debtor revised its Schedule F to reflect
aggregate debits reflected in the Debtor's cross-charge accounts.
The Debtor identified certain claims related to cross-charge
accounts as unliquidated.
A. Real Estate None
B. Personal Property
B.9 Interests in insurance policies Undetermined
B.12 Stock and interests
Delphi Auto Sys (Holding), Inc. Undetermined
TOTAL SCHEDULED ASSETS --
=====
C. Property Claimed as Exempt None
D. Secured Claims
JPMorgan Chase Bank, N.A. Unknown
E. Unsecured Priority Claims
Internal Revenue Service Unknown
F. Unsecured NonPriority Claims
Delphi Automotive Sys (Holding), Inc. $900
Pension Benefit Guaranty Corp. Unknown
TOTAL SCHEDULED LIABILITIES $900
=====
A full text copy of Delphi NY Holding Corporation's list of
Interests in insurance policies is available for free at
http://ResearchArchives.com/t/s?582
Headquartered in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is the single largest global supplier of
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology. The Company's
technology and products are present in more than 75 million
vehicles on the road worldwide. The Company filed for chapter 11
protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-44481). John Wm. Butler Jr., Esq., John K. Lyons, Esq., and
Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
represent the Debtors in their restructuring efforts. Randall S.
Eisenberg at FTI Consulting, Inc., gives restructuring and
financial advisory services to the Debtors. David L. Resnick at
Rothschild, Inc., gives financial advisory and investment banking
services to the Debtors. Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., Mark A. Broude, Esq., at Latham & Watkins LLP
represent the Official Committee of Unsecured Creditors and
William Q. Derrough at Jefferies & Company, Inc., gives financial
advisory and investment banking services to the Committee. Larry
Lattig, at Mesirow Financial Consulting, LLC, also gives financial
advisory services to the Committee. As of Aug. 31, 2005, the
Debtors' balance sheet showed $17,098,734,530 in total assets and
$22,166,280,476 in total debts. (Delphi Bankruptcy News, Issue
No. 16; Bankruptcy Creditors' Service, Inc., 215/945-7000)
DELPHI CORP: Packard Hughes Files Schedules of Assets & Debts
-------------------------------------------------------------
A. Real Estate
Land & improvements $106,492
Building & improvements 1,017,493
B. Personal Property
B.1 Cash on hand 100
B.2 Bank accounts
Colonial Bank 12,746
Citibank 0
B.9 Interests in insurance policies Undetermined
B.12 Stock and interests
Delphi Connection Systems Undetermined
Delphi Connection Sys. - Tijuana, S.A. Undetermined
B.15 Accounts receivable
Trade 362,430
Intercompany 32,645
B.26 Office Equipment
B.33 Other personal property
Prepaid property taxes 130,085
TOTAL SCHEDULED ASSETS $1,661,991
===========
C. Property Claimed as Exempt None
D. Secured Claims
JPMorgan Chase Bank, N.A. Unknown
E. Unsecured Priority Claims Unknown
F. Unsecured NonPriority Claims:
Current, Former & Retired Employees:
Post-Employment Pension Benefits $14,451,000
Pension Benefit Guaranty Corp. Unknown
TOTAL SCHEDULED LIABILITIES $14,451,000
============
A full text copy of Packard Hughes Interconnect Co.'s list of
Interests in insurance policies is available for free at
http://ResearchArchives.com/t/s?583
A full text copy of Packard Hughes Interconnect Co.'s list of
unsecured priority claims is available for free at
http://ResearchArchives.com/t/s?584
Headquartered in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is the single largest global supplier of
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology. The Company's
technology and products are present in more than 75 million
vehicles on the road worldwide. The Company filed for chapter 11
protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-44481). John Wm. Butler Jr., Esq., John K. Lyons, Esq., and
Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
represent the Debtors in their restructuring efforts. Randall S.
Eisenberg at FTI Consulting, Inc., gives restructuring and
financial advisory services to the Debtors. David L. Resnick at
Rothschild, Inc., gives financial advisory and investment banking
services to the Debtors. Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., Mark A. Broude, Esq., at Latham & Watkins LLP
represent the Official Committee of Unsecured Creditors and
William Q. Derrough at Jefferies & Company, Inc., gives financial
advisory and investment banking services to the Committee. Larry
Lattig, at Mesirow Financial Consulting, LLC, also gives financial
advisory services to the Committee. As of Aug. 31, 2005, the
Debtors' balance sheet showed $17,098,734,530 in total assets and
$22,166,280,476 in total debts. (Delphi Bankruptcy News, Issue
No. 16; Bankruptcy Creditors' Service, Inc., 215/945-7000)
DELPHI CORP: Services Holding Files Amended Schedules
-----------------------------------------------------
Delphi Services Holding Corporation filed with the U.S. Bankruptcy
Court for the Southern District of New York its amended Schedules
of Assets and Liabilities to reflect certain changes in Schedule
F. Specifically, the Debtor revised its Schedule F to reflect
aggregate debits reflected in the Debtor's cross-charge accounts.
The Debtor identified certain claims related to cross-charge
accounts as unliquidated.
A. Real Estate None
B. Personal Property
B.9 Interests in insurance policies Undetermined
B.12 Stock and interests
Delphi Automotive Systems Services LLC Undetermined
TOTAL SCHEDULED ASSETS --
=====
C. Property Claimed as Exempt None
D. Secured Claims
JPMorgan Chase Bank, N.A. Unknown
Mercedes-Benz U.S. Int'l, Inc. Unknown
E. Unsecured Priority Claims
Alabama Dept. of Revenue Unknown
Comptroller of Public Accounts Unknown
Georgia Department of Revenue Unknown
Georgia Income Tax Division Unknown
Indiana Secretary of State Unknown
Internal Revenue Service Unknown
Mississippi Corporate Tax Division Unknown
Mississippi Secretary of State Unknown
NYS Corp. Tax Processing Unit Unknown
Office of Revenue Unknown
Secretary of State, Columbus, GA Unknown
Delaware Division of Corporations Unknown
NJ Bureau of Commercial Recording Unknown
Wisconsin Department of Revenue Unknown
F. Unsecured NonPriority Claims
Pension Benefit Guaranty Corp. Unknown
Aggregate Debit In Cross Charge Accounts (631,699)
TOTAL SCHEDULED LIABILITIES ($631,699)
==========
A full text copy of Delphi Services Holding Corporation's list of
Interests in insurance policies is available for free at
http://ResearchArchives.com/t/s?585
Headquartered in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is the single largest global supplier of
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology. The Company's
technology and products are present in more than 75 million
vehicles on the road worldwide. The Company filed for chapter 11
protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-44481). John Wm. Butler Jr., Esq., John K. Lyons, Esq., and
Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
represent the Debtors in their restructuring efforts. Randall S.
Eisenberg at FTI Consulting, Inc., gives restructuring and
financial advisory services to the Debtors. David L. Resnick at
Rothschild, Inc., gives financial advisory and investment banking
services to the Debtors. Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., Mark A. Broude, Esq., at Latham & Watkins LLP
represent the Official Committee of Unsecured Creditors and
William Q. Derrough at Jefferies & Company, Inc., gives financial
advisory and investment banking services to the Committee. Larry
Lattig, at Mesirow Financial Consulting, LLC, also gives financial
advisory services to the Committee. As of Aug. 31, 2005, the
Debtors' balance sheet showed $17,098,734,530 in total assets and
$22,166,280,476 in total debts. (Delphi Bankruptcy News, Issue
No. 16; Bankruptcy Creditors' Service, Inc., 215/945-7000)
DELPHI CORP: Specialty Electronics Inc. Files Amended Schedules
---------------------------------------------------------------
Specialty Electronics, Inc., filed with the U.S. Bankruptcy Court
for the Southern District of New York its amended Schedules of
Assets and Liabilities to reflect certain changes in Schedule F.
Specifically, the Debtor revised its Schedule F to reflect
aggregate debits reflected in the Debtor's cross-charge accounts.
The Debtor identified certain claims related to cross-charge
accounts as unliquidated.
A. Real Estate
Asheville Highway Landrum, SC $856,612
B. Personal Property
B.1 Cash on hand 200
B.2 Bank accounts
Branch Banking & Trust Company 1,678,085
B.9 Interests in insurance policies Undetermined
B.12 Stock and Interests
Specialty Electronics Int'l Ltd. Undetermined
Specialty Electron. (Singapore) Undetermined
B.15 Accounts receivable
Trade 874,562
Intercompany 755,942
Allowances (93,501)
B.26 Office equipment 38,863
B.27 Machinery, furniture and fixtures
Machinery & equipment 570,516
B.28 Inventory
Productive inventory 1,680,265
B.33 Other personal property
Prepaid refundable income taxes 50,964
Foreign taxes paid-Singapore 15,365
Prepaid postage 916
Construction in process 140,837
TOTAL SCHEDULED ASSETS $6,569,630
===========
C. Property Claimed as Exempt None
D. Secured Claims
Centura Bank Leasing Unknown
General Electric Capital Corp. Unknown
JPMorgan Chase Bank, N.A. Unknown
Kyocera Mita America, Inc. Unknown
E. Unsecured Priority Claims
Comptroller of Public Accounts Unknown
Internal Revenue Service Unknown
Ohio Department of Taxation Unknown
PA Department of Revenue Unknown
SC Department of Revenue Unknown
Spartanburg Co. SC Unknown
F. Unsecured NonPriority Claims
ATMEL $570,000
Delphi Automotive Systems LLC
Intercompany cross charge 408,675
Intercompany note payable 2,898,131
GE Polymerland 48,224
Metal Surfaces Inc. 79,239
Solid State Stamping 135,676
Versatile Engineering 35,420
Others 259,388
TOTAL SCHEDULED LIABILITIES $4,434,754
===========
A full text copy of Specialty Electronics, Inc.'s list of
Interests in insurance policies is available for free at
http://ResearchArchives.com/t/s?586
Headquartered in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is the single largest global supplier of
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology. The Company's
technology and products are present in more than 75 million
vehicles on the road worldwide. The Company filed for chapter 11
protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-44481). John Wm. Butler Jr., Esq., John K. Lyons, Esq., and
Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
represent the Debtors in their restructuring efforts. Randall S.
Eisenberg at FTI Consulting, Inc., gives restructuring and
financial advisory services to the Debtors. David L. Resnick at
Rothschild, Inc., gives financial advisory and investment banking
services to the Debtors. Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., Mark A. Broude, Esq., at Latham & Watkins LLP
represent the Official Committee of Unsecured Creditors and
William Q. Derrough at Jefferies & Company, Inc., gives financial
advisory and investment banking services to the Committee. Larry
Lattig, at Mesirow Financial Consulting, LLC, also gives financial
advisory services to the Committee. As of Aug. 31, 2005, the
Debtors' balance sheet showed $17,098,734,530 in total assets and
$22,166,280,476 in total debts. (Delphi Bankruptcy News, Issue
No. 16; Bankruptcy Creditors' Service, Inc., 215/945-7000)
DELPHI CORP: Specialty Ltd. Files Schedules of Assets and Debts
---------------------------------------------------------------
A. Real Estate None
B. Personal Property
B.2 Bank accounts
The Bank of Nova Scotia, Altona $27,420
B.9 Interests in Insurance Policies Undetermined
TOTAL SCHEDULED ASSETS $27,420
========
C. Property Claimed as Exempt None
D. Secured Claims None
E. Unsecured Priority Claims
Internal Revenue Service Unknown
F. Unsecured NonPriority Claims
Pension Benefit Guaranty Corp. Unknown
TOTAL SCHEDULED LIABILITIES --
====
A full text copy of Specialty Electronics International Ltd.'s
list of Interests in insurance policies is available for free at
http://ResearchArchives.com/t/s?587
Headquartered in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is the single largest global supplier of
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology. The Company's
technology and products are present in more than 75 million
vehicles on the road worldwide. The Company filed for chapter 11
protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-44481). John Wm. Butler Jr., Esq., John K. Lyons, Esq., and
Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
represent the Debtors in their restructuring efforts. Randall S.
Eisenberg at FTI Consulting, Inc., gives restructuring and
financial advisory services to the Debtors. David L. Resnick at
Rothschild, Inc., gives financial advisory and investment banking
services to the Debtors. Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., Mark A. Broude, Esq., at Latham & Watkins LLP
represent the Official Committee of Unsecured Creditors and
William Q. Derrough at Jefferies & Company, Inc., gives financial
advisory and investment banking services to the Committee. Larry
Lattig, at Mesirow Financial Consulting, LLC, also gives financial
advisory services to the Committee. As of Aug. 31, 2005, the
Debtors' balance sheet showed $17,098,734,530 in total assets and
$22,166,280,476 in total debts. (Delphi Bankruptcy News, Issue
No. 16; Bankruptcy Creditors' Service, Inc., 215/945-7000)
DELPHI CORP: Technologies Files Amended Schedules
-------------------------------------------------
Delphi Technologies Inc. delivered to the Court amended Schedules
of Assets and Liabilities to reflect changes to its Schedule F.
The Debtor amended its Schedule F to reflect aggregate debits
reflected in the Debtor's cross-charge accounts. The Debtor has
identified certain claims related to cross-charge accounts as
unliquidated.
When considered cumulatively with the amendments filed to the
Schedules for Delphi Corporation and 26 other subsidiaries, the
amendments decrease the Debtors' total liabilities on a
deconsolidated basis by approximately $1.2 billion.
However, the Amendments have no effect upon Delphi's consolidated
financial statements that are filed with the Securities and
Exchange Commission because the cross-charge accounts, which are
maintained within the equity section of the Debtors' trial
balances, eliminate on a global consolidated basis.
A. Real Estate None
B. Personal Property
B.2 Bank accounts
JPMorgan Chase Bank --
B.9 Interests in insurance policies Undetermined
B.12 Stock and interests
SpaceForm, Inc. Undetermined
B.15 Accounts receivable
Trade 5,302,909
Intercompany 38,698,158
Allowances (4,456,820)
B.17 Other liquidated debts owed
NCC Liteflex Long-Term Receivable 263,860
B.21 Patents, copyrights & trademarks
Trademarks Undetermined
Registered patents Undetermined
Patent Applications Undetermined
Registered patents Undetermined
B.22 Other intangibles
Active licenses Undetermined
B.26 Office equipment 122,246
B.27 Machinery, furniture and fixtures
Mach., equipment, tooling & spare parts 4,884,057
Leasehold improvements 6,644,404
B.33 Other personal property
Construction in process 300,347
Sundry prepaid 119,355
TOTAL SCHEDULED ASSETS $51,878,516
============
C. Property Claimed as Exempt None
D. Secured Claims
JPMorgan Chase Bank, N.A. Unknown
E. Unsecured Priority Claims
Indiana Secretary of State Unknown
Internal Revenue Service Unknown
Michigan Department of Treasury Unknown
Michigan Department of Labor Unknown
NYS Corporation Tax Unknown
SC Department of Revenue Unknown
Shelby TWP. (Macomb) Unknown
State of Delaware Division of Corps. Unknown
New Jersey Division of Taxation Unknown
F. Unsecured NonPriority Claims
Delphi Medical Systems Corporation $18,000
Aggregate Debit In Cross Charge Accounts (374,394,139)
TOTAL SCHEDULED LIABILITIES ($366,583,571)
==============
A full text copy of Delphi Technologies Inc.'s list of Interests
in insurance policies is available for free at
http://ResearchArchives.com/t/s?588
A full text copy of Delphi Technologies Inc.'s list of trademarks
is available for free at http://ResearchArchives.com/t/s?589
A full text copy of Delphi Technologies Inc.'s list of registered
patents is available for free at
http://ResearchArchives.com/t/s?58a
A full text copy of Delphi Technologies Inc.'s list of patent
application is available for free at
http://ResearchArchives.com/t/s?58b
A full text copy of Delphi Technologies Inc.'s list of registered
patents is available for free at
http://ResearchArchives.com/t/s?58c
A full text copy of Delphi Technologies Inc.'s list of active
licenses is available for free at
http://ResearchArchives.com/t/s?58d
Headquartered in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is the single largest global supplier of
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology. The Company's
technology and products are present in more than 75 million
vehicles on the road worldwide. The Company filed for chapter 11
protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-44481). John Wm. Butler Jr., Esq., John K. Lyons, Esq., and
Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
represent the Debtors in their restructuring efforts. Randall S.
Eisenberg at FTI Consulting, Inc., gives restructuring and
financial advisory services to the Debtors. David L. Resnick at
Rothschild, Inc., gives financial advisory and investment banking
services to the Debtors. Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., Mark A. Broude, Esq., at Latham & Watkins LLP
represent the Official Committee of Unsecured Creditors and
William Q. Derrough at Jefferies & Company, Inc., gives financial
advisory and investment banking services to the Committee. Larry
Lattig, at Mesirow Financial Consulting, LLC, also gives financial
advisory services to the Committee. As of Aug. 31, 2005, the
Debtors' balance sheet showed $17,098,734,530 in total assets and
$22,166,280,476 in total debts. (Delphi Bankruptcy News, Issue
No. 16; Bankruptcy Creditors' Service, Inc., 215/945-7000)
DELTA AIRLINES: Posts $753 Million Net Loss in December 2005
------------------------------------------------------------
DELTA AIR LINES, INC.
Unaudited Consolidated Balance Sheets
As of December 31, 2005
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $2,008,000,000
Restricted cash 870,000,000
Accounts receivable, net of an allowance for
uncollectible accounts of $40 819,000,000
Expendable parts and supplies inventories,
net of an allowance for obsolescence of $192 172,000,000
Deferred income taxes 99,000,000
Prepaid expenses and other 512,000,000
---------------
Total current assets 4,480,000,000
PROPERTY AND EQUIPMENT:
Flight equipment 18,591,000,000
Accumulated depreciation (6,621,000,000)
---------------
Flight equipment, net 11,970,000,000
Flight and ground equipment
under capital leases 535,000,000
Accumulated amortization (213,000,000)
---------------
Flight and ground equipment
under capital leases, net 322,000,000
---------------
Ground property and equipment 4,791,000,000
Accumulated depreciation (2,847,000,000)
---------------
Ground property and equipment, net 1,944,000,000
Advance payments for equipment 44,000,000
---------------
Total property and equipment, net 14,280,000,000
OTHER ASSETS:
Goodwill 227,000,000
Operating rights and other intangibles,
net of accumulated amortization of $189 74,000,000
Restricted investments for
Boston airport terminal project 46,000,000
Other noncurrent assets 932,000,000
---------------
Total other assets 1,279,000,000
---------------
Total assets $20,039,000,000
===============
LIABILITIES AND SHAREOWNERS' DEFICIT
CURRENT LIABILITIES:
Current maturities of long-term debt
and capital leases $1,169,000,000
Accounts payable, deferred credits
and other accrued liabilities 1,407,000,000
Air traffic liability 1,712,000,000
Taxes payable 526,000,000
Accrued salaries and related benefits 435,000,000
---------------
Total current liabilities 5,249,000,000
NONCURRENT LIABILITIES:
Long-term debt and capital leases 6,574,000,000
Other 299,000,000
Deferred revenue and other credits 186,000,000
---------------
Total noncurrent liabilities 7,059,000,000
LIABILITIES SUBJECT TO COMPROMISE 17,380,000,000
COMMITMENTS AND CONTINGENCIES
EMPL STOCK OWNERSHIP PLAN PREFERRED STOCK:
Series B ESOP Convertible Preferred Stock,
$1.00 par value, $72.00 stated and
liquidation value; 4,667,568 shares issued
and outstanding 336,000,000
Unearned compensation under employee stock
ownership plan (89,000,000)
---------------
Total Employee Stock Ownership
Plan Preferred Stock 247,000,000
SHAREOWNERS' DEFICIT:
Common stock:
$0.01 par value; 900,000,000 shares
authorized; 202,081,648 shares issued 2,000,000
Additional paid-in capital 1,635,000,000
Accumulated deficit (8,210,000,000)
Accumulated other comprehensive loss (2,722,000,000)
Treasury stock at cost, 12,738,630 shares (601,000,000)
---------------
Total shareowners' deficit 9,896,000,000
---------------
Total liabilities and shareowners' deficit $20,039,000,000
===============
DELTA AIR LINES, INC.
Unaudited Consolidated Statement of Operations
For the Month Ended December 31, 2005
OPERATING REVENUES:
Passenger:
Mainline $878,000,000
Regional affiliates 256,000,000
Cargo 44,000,000
Other, net 77,000,000
---------------
Total operating revenues 1,255,000,000
OPERATING EXPENSES:
Salaries and related costs 340,000,000
Aircraft fuel 328,000,000
Depreciation and amortization 186,000,000
Contracted services 114,000,000
Contract carrier arrangements 113,000,000
Landing fees and other rents 73,000,000
Aircraft maintenance materials and 36,000,000
outside repairs 36,000,000
Aircraft rent 59,000,000
Passenger commissions and
other selling expenses 22,000,000
Passenger service 176,000,000
Other 123,000,000
---------------
Total operating expenses 1,627,000,000
---------------
OPERATING LOSS (372,000,000)
---------------
OTHER INCOME (EXPENSE):
Interest expense (contractual interest
expense equals $105 for the month ended
December 31, 2005) (69,000,000)
Interest income 6,000,000
Miscellaneous, net (1,000,000)
---------------
Total other expense, net (64,000,000)
---------------
LOSS BEFORE REORGANIZATION ITEMS, NET (436,000,000)
REORGANIZATION ITEMS, NET (219,000,000)
---------------
LOSS BEFORE INCOME TAXES (655,000,000)
INCOME TAX PROVISION ($98,000,000)
---------------
NET LOSS ($753,000,000)
===============
DELTA AIR LINES, INC.
Unaudited Consolidated Statements of Cash Flows
For the Month ended December 31, 2005
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss ($753,000,000)
Adjustments to reconcile net loss
to cash provided by operating activities, net 532,000,000
Changes in certain assets and liabilities, net 56,000,000
---------------
Net cash used by operating activities (165,000,000)
CASH FLOWS FROM INVESTING ACTIVITIES:
Property and equipment additions:
Flight equipment, including
advance payments (12,000,000)
Ground property and equipment (25,000,000)
Decrease in restricted investments related
to Boston airport terminal project 1,000,000
Decrease in restricted cash 170,000,000
---------------
Net cash provided by investing activities 134,000,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on long-term debt and
capital lease obligations (32,000,000)
---------------
Net cash used by financing activities (32,000,000)
---------------
Net increase in cash and cash equivalents (63,000,000)
Cash & cash equivalents at beginning of period 2,071,000,000
---------------
Cash & cash equivalents at end of period $20,008,000,000
===============
Headquartered in Atlanta, Georgia, Delta Air Lines --
http://www.delta.com/-- is the world's second-largest airline in
terms of passengers carried and the leading U.S. carrier across
the Atlantic, offering daily flights to 502 destinations in 88
countries on Delta, Song, Delta Shuttle, the Delta Connection
carriers and its worldwide partners. The Company and 18
affiliates filed for chapter 11 protection on Sept. 14, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-17923). Marshall S. Huebner,
Esq., at Davis Polk & Wardwell, represents the Debtors in their
restructuring efforts. Timothy R. Coleman at The Blackstone Group
L.P. provides the Debtors with financial advice. Daniel H.
Golden, Esq., and Lisa G. Beckerman, Esq., at Akin Gump Strauss
Hauer & Feld LLP, provide the Official Committee of Unsecured
Creditors with legal advice. John McKenna, Jr., at Houlihan Lokey
Howard & Zukin Capital and James S. Feltman at Mesirow Financial
Consulting, LLC, serve as the Committee's financial advisors. As
of June 30, 2005, the Company's balance sheet showed $21.5 billion
in assets and $28.5 billion in liabilities.
ENTERGY NEW ORLEANS: Earns $5.3 Mil. For The Month of Dec. 2005
---------------------------------------------------------------
Entergy New Orleans, Inc.
Balance Sheet
As of December 31, 2005
(in thousands)
ASSETS
Current Assets:
Cash and cash equivalents
Cash $47,981
Temporary cash investments -
-----------
Total cash and cash equivalents 47,981
Accounts receivable:
Customer 90,996
Allowance for doubtful accounts (25,422)
Associated companies 17,895
Other 6,530
Accrued unbilled revenues 23,698
-----------
Total accounts receivable 113,697
Deferred fuel costs 30,593
Fuel inventory 8,048
Materials and supplies 8,961
Prepayments and other 8,779
-----------
Total current assets 218,059
Other Property and Investments
Investment in affiliates 3,259
Non-utility property at cost 1,107
-----------
Total other property and investments 4,366
Utility Plant
Electric 691,045
Natural gas 189,207
Construction work in progress 202,353
-----------
Total Utility Plant 1,082,605
Less - accumulated depreciation and amortization 428,053
-----------
Utility plant - net 654,552
Deferred Debits and Other Assets
Regulatory assets:
Other regulatory assets 166,133
Long term receivables 1,812
Other 22,322
-----------
Total deferred debits and other assets 190,267
-----------
TOTAL ASSETS $1,067,244
===========
LIABILITIES:
Postpetition liabilities:
Taxes payable $6,186
Accounts payable 44,762
DIP credit facility 90,000
-----------
Total postpetition liabilities 140,948
Current liabilities:
Currently maturing long-term debt -
Notes payable 15,000
Accounts payable:
Associated companies 58,915
Other 252,557
Customer deposits 16,930
Taxes accrued -
Accumulated deferred income taxes 1,898
Interest accrued 2,668
Energy efficiency program provision -
Other 2,018
-----------
Total current liabilities 349,986
Non-current liabilities:
Accumulated deferred income taxes & taxes accrued 68,617
Accumulated deferred investment tax credits 3,570
SFAS 109 regulatory liability - net 52,229
Other regulatory liabilities 591
Accumulated provisions 7,889
Pension liability 35,694
Long-term debt 229,859
Other 8,151
-----------
Total non-current liabilities 406,600
-----------
Total Liabilities 897,534
Commitments and Contingencies:
SHAREHOLDERS' EQUITY
Preferred stock without sinking fund 19,780
Common stock, $4 par value, authorized
10,000,000 shares; issued and
outstanding 8,435,900 shares in
2005 and 2004 33,744
Paid-in capital 36,294
Retained earnings -- prepetition 99,593
Retained earnings -- postpetition (19,701)
-----------
Total shareholders equity 169,710
-----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $1,067,244
===========
Entergy New Orleans, Inc.
Statement of Operations
Month Ended December 2005
(in thousands)
Operating Revenues
Domestic electric $37,787
Natural gas 12,002
-----------
Total operating revenues 49,789
Operating Expenses:
Operation and maintenance
Fuel 6,930
Purchased power 23,211
Other operation and maintenance 9,653
Taxes other than income taxes 1,989
Depreciation and amortization 2,699
Other regulatory charges - net 360
-----------
Total operating expenses 44,842
-----------
Operating income 4,947
Other income:
Allowance for equity funds used
during construction 1,252
Interest and dividend income 235
Miscellaneous - net (136)
-----------
Total other income 1,351
Interest and other charges:
Interest on long-term debt (2,244)
Other interest-net 690
Allowance for borrowed funds used
during construction (1,024)
-----------
Total interest and other charges (2,578)
Income (loss) before income taxes 8,876
Income taxes 3,574
-----------
NET INCOME $5,302
===========
Entergy New Orleans, Inc.
Cash Receipts and Disbursement Statement
Month Ended December 2005
Beginning cash balance $62,743,209
Cash receipts 48,761,032
Cash disbursements (63,253,506)
-----------
Net cash flow (14,492,474)
-----------
ENDING CASH BALANCE $47,980,735
===========
Headquartered in Baton Rouge, Louisiana, Entergy New Orleans Inc.
-- http://www.entergy-neworleans.com/-- is a wholly owned
subsidiary of Entergy Corporation. Entergy New Orleans provides
electric and natural gas service to approximately 190,000 electric
and 147,000 gas customers within the city of New Orleans. Entergy
New Orleans is the smallest of Entergy Corporation's five utility
companies and represents about 7% of the consolidated revenues and
3% of its consolidated earnings in 2004. Neither Entergy
Corporation nor any of Entergy's other utility and non-utility
subsidiaries were included in Entergy New Orleans' bankruptcy
filing. Entergy New Orleans filed for chapter 11 protection on
Sept. 23, 2005 (Bankr. E.D. La. Case No. 05-17697). Elizabeth J.
Futrell, Esq., and R. Partick Vance, Esq., at Jones, Walker,
Waechter, Poitevent, Carrere & Denegre, L.L.P., and Ewell E. Egan,
Esq., and Wendy Hickok Robinson, Esq., at Gordon Arata McCollam
Duplantis & Egan L.L.P., represent the Debtor in its restructuring
efforts. Philip K. Jones, Jr., Esq., and Joseph P. Hebert, Esq.,
at Liskow & Lewis represent the Official Committee of Unsecured
Creditors. Albert S. Conly at FTI Consulting, Inc., gives
financial advisory services to the Committee. When the Debtor
filed for protection from its creditors, it listed total assets of
$703,197,000 and total debts of $610,421,000. (Entergy New
Orleans Bankruptcy News, Issue No. 11; Bankruptcy Creditors'
Service, Inc., 215/945-7000)
KUSHNER-LOCKE: December 2005 Monthly Operating Reports
------------------------------------------------------
On Feb. 9, 2005, The Kushner-Locke Company and its debtor-
affiliates filed their unaudited December 2005 Monthly Operating
Reports with the U.S. Bankruptcy Court for the Central District of
California, Los Angeles Division.
For the month ending Dec. 31, 2005, The Kushner-Locke Company's
Profit & Loss Statement shows:
Gross Profit $0
Total Operating Expenses 95,703
Total Non-Operating Expenses 13,606
Net Income (Loss) ($109,309)
For the period from Dec. 1, 2005, through Dec. 31, 2005, The
Kushner-Locke Company's Cash Receipts and Disbursements Report
shows:
Collateral Concentration
Account Account
---------- -------------
Beginning Balance $1,526,516 $91,027
Total Receipts 5,006 120,000
Total Disbursements 120,000 109,258
Ending Balance $1,411,522 $101,768
Full-text copies of The Kushner-Locke Company's December 2005
Monthly Operating Reports are available at no charge at:
Profit & Loss Statement:
http://ResearchArchives.com/t/s?596
Cash Receipts and Disbursements Report:
http://ResearchArchives.com/t/s?597
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.
MIIX GROUP: Posts $366,926 Cumulative Net Loss in December 2005
---------------------------------------------------------------
On Jan. 30, 2006, The MIIX Group, Inc., and its debtor-affiliate,
New Jersey State Medical Underwriters, Inc., filed their monthly
operating reports for the period from Dec. 1, 2005, to Dec. 31,
2005, with the U.S. Bankruptcy Court for the District of Delaware.
MIIX Group reports a cumulative net loss of $366,926 on $8,545 of
total revenue for the period from Dec. 21, 2004, thru Dec. 31,
2005. New Jersey State Medical Underwriters, Inc., reports a
cumulative net loss of $1,061,272 on $2,970,308 of total revenue
for the period from Dec. 21, 2004, thru Dec. 31, 2005.
At Dec. 31, 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 $7,415,638 $12,861,792
Total Liabilities 8,937,488 6,218,250
Stockholders' Equity [($1,521,850)] [$6,643,542]
A full-text copy of MIIX Group and New Jersey State Medical
Underwriters, Inc.'s monthly operating reports for the period from
Dec. 1, 2005, to Dec. 31, 2005, is available at no charge at:
http://ResearchArchives.com/t/s?58e
Headquartered in Lawrenceville, New Jersey, The MIIX Group, Inc.
-- http://www.miix.com/-- provides management services to medical
malpractice insurance companies. The Company along with its
debtor-affiliate filed for chapter 11 protection on Dec. 20, 2004
(Bankr. D. Del. Case No. 04-13588). Andrew J. Flame, Esq., at
Drinker Biddle & Reath LLP represents the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they estimated assets between $10 million and $50
million and debts between $10 million and $50 million.
SONICBLUE INC: Files December 2005 Monthly Operating Report
-----------------------------------------------------------
At Dec. 31, 2005, SONICblue Incorporated reports that it is
sitting on $77,723,113 of cash, has accrued $545,257 in
postpetition liabilities and faces a $236,604,166 mountain of
prepetition debts.
A full-text copy of SONICblue Inc.'s December 2005 Operating
Report is available at no charge at
http://ResearchArchives.com/t/s?592
Headquartered in Santa Clara, California, SONICblue Incorporated
is involved in the converging Internet, digital media,
entertainment and consumer electronics markets. The Company,
together with three of its wholly owned subsidiaries, Diamond
Multimedia Systems, Inc., ReplayTV, Inc., and Sensory Science
Corporation, filed for chapter 11 protection on Mar. 21, 2003
(Bankr. N.D. Calif. Case Nos. 03-51775 to 03-51778). Craig A.
Barbarosh, Esq., at the LAw Offices of Pillsbury Winthrop,
represents the Debtors in their restructuring efforts. When the
Debtors filed for protection from their creditors, they listed
assets totaling $342,871,000 and debts totaling $335,473,000.
THAXTON GROUP: Posts $77 Million Cumulative Net Loss in Dec. 2005
-----------------------------------------------------------------
On Feb. 3, 2006, The Thaxton Group filed its monthly operating
report for the month of December 2005 with the U.S. Bankruptcy
Court for the District of Delaware.
The company reported a cumulative net loss of $77,030,543 on
$110,385,909 of revenue for the period from Oct. 17, 2003 thru
Dec. 31, 2005.
At Dec. 31, 2005, the Company's balance sheet reflects:
Total Assets $98,889,297
Total Liabilities 175,693,613
Stockholders' Equity Deficit ($76,804,316)
A full-text copy of Thaxton Group's December 2005 Monthly
Operating Report is available at no charge at:
http://ResearchArchives.com/t/s?594
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.
USG CORP: Posts $1.87 Billion Net Loss in December 2005
-------------------------------------------------------
USG Corporation, et al.
Consolidated Balance Sheet 31-Dec-2005
__________________________ ___________
Assets:
Cash and cash equivalents $698,390,000
Marketable Securities 187,472,000
Restricted Cash 76,475,000
Receivables 400,322,000
Inventories 261,658,000
Income taxes receivable 5,669,000
Other current assets 146,927,000
---------------
Total current assets 1,776,913,000
Property, plant and equipment, net 1,663,133,000
Marketable Securities 297,754,000
Deferred income taxes 1,423,065,000
Goodwill 63,711,000
Other assets 433,985,000
---------------
Total Assets $5,658,561,000
===============
Liabilities and Stockholders' Equity:
Accounts payable $238,601,000
Accrued expenses 250,528,000
Deferred income taxes 6,811,000
Taxes on income 35,946,000
---------------
Total current liabilities 531,886,000
Other liabilities 444,132,000
Liabilities subject to compromise 5,340,301,000
Stockholders' Equity:
Common stock 4,998,000
Treasury stock (218,695,000)
Capital received in excess of par value 145,400,000
Accumulated other comprehensive income/(loss) 52,969,000
Retained earnings (642,430,000)
---------------
Total stockholders' equity (657,758,000)
---------------
Total Liabilities and Stockholders' Equity $5,658,561,000
===============
USG Corporation, et al. Month Ending
Consolidated Income Statement 31-Dec-2005
__________________________ ___________
Net sales $384,555,000
Cost of products sold 280,267,000
Selling and administrative expenses 26,407,000
Chapter 11 reorganization expenses 8,320,000
Provision for asbestos claims 3,099,601,000
Interest expense 441,000
Interest income (145,000)
Other (income)/expense, net (9,456,000)
---------------
Earnings/(loss) before income taxes (3,020,880,000)
Income taxes (benefit) (1,158,931,000)
---------------
Net Earnings/(loss) ($1,871,981,000)
===============
Headquartered in Chicago, Illinois, USG Corporation --
http://www.usg.com/-- through its subsidiaries, is a leading
manufacturer and distributor of building materials producing a
wide range of products for use in new residential, new
nonresidential and repair and remodel construction, as well as
products used in certain industrial processes. The Company filed
for chapter 11 protection on June 25, 2001 (Bankr. Del. Case No.
01-02094). David G. Heiman, Esq., and Paul E. Harner, Esq., at
Jones Day and Paul R. DeFilippo, Esq., and and Brendan P.
Langendorfer, Esq., at Wollmuth Maher & Deutsch LLP represent the
Debtors in their restructuring efforts. Duane, Morris &
Heckscher, LLP, represents the Official Committee of Unsecured
Creditors. Campbell & Levine, LLC, represents the Official
Committee of Asbestos Personal Injury Claimants. Martin J.
Bienenstock, Esq., at Weil Gotshal & Manges LLP and Robert J.
Dehney, Esq., at Morris, Nichols, Arsht and Tunnell represent the
Statutory Committee of Equity Security Holders. Dean M. Trafelet
is the Future Claimants Representative. Michael J. Crames, Esq.,
and Andrew A. Kress, Esq., at Kaye Scholer, LLP, represent the
Future Claimants Representative. When the Debtors filed for
protection from their creditors, they listed $3,252,000,000 in
assets and $2,739,000,000 in debts. (USG Bankruptcy News, Issue
No. 103; 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. Marie
Therese V. Profetana, Shimero Jainga, Emi Rose S.R. Parcon,
Rizande B. Delos Santos, Cherry A. Soriano-Baaclo, Terence Patrick
F. Casquejo, Christian Q. Salta, Jason A. Nieva, Lucilo Junior M.
Pinili, Tara Marie A. Martin and Peter A. Chapman, Editors.
Copyright 2006. All rights reserved. ISSN: 1520-9474.
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