TCR_Public/060610.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, June 10, 2006, Vol. 10, No. 137

                             Headlines

ALLIED HOLDINGS: Files Monthly Operating Report for April 2006
CALPINE CORPORATION: Posts $370 Million Net Loss in January 2006
CALPINE CORP: Baytown Energy Files Schedules Of Assets & Debts
CALPINE CORP: Bethpage Energy Files Schedules Of Assets & Debts
CALPINE CORP: Channel Energy Files Schedules Of Assets & Debts

CALPINE CORP: Delta Energy Files Schedules Of Assets & Liabilities
CALPINE CORP: Los Medanos Files Schedules Of Assets & Liabilities
CATHOLIC CHURCH: Portland Files Operating Report for April 2006
CATHOLIC CHURCH: Spokane Files Operating Report for April 2006
DANA CORPORATION: Posts $62 Million Net Loss in March 2006

DANA CORPORATION: Posts $16 Million Net Loss in April 2006
DELPHI CORPORATION: Posts $192 Million Net Loss in April 2006
DELTA AIR: Posts $27 Million Net Loss for the Month of April 2006
INTEGRATED ELECTRICAL: Posts $4.7 Million Net Loss in April 2006
LARGE SCALE: Posts $111,668 Net Loss for Month Ended Feb. 28

LARGE SCALE: Posts $1 Million Net Loss for Month Ended March 31
LARGE SCALE: Posts $238,636 Net Loss for Month Ended April 30
MERIDIAN AUTOMOTIVE: Posts $10.5 Million Net Loss in April 2006
NORTHWEST AIRLINES: Posts $226 Million Net Loss in March 2006
NORTHWEST AIRLINES: Posts $295 Million Net Loss in April 2006

PERFORMANCE TRANSPORTATION: Files Operating Report for April 2006
PLIANT CORPORATION: Posts $62.9 Million Net Loss in April 2006
SAINT VINCENTS: Files Monthly Operating Report for April 2006
THAXTON GROUP: Posts $226,432 Cumulative Net Loss in March 2006
THAXTON GROUP: Earns $132,623 for the Month of April 2006

TOWER AUTOMOTIVE: Posts $13.4 Million Net Loss in April 2006
USG CORPORATION: Earns $48.2 Million for the Month of April 2006

                             *********

ALLIED HOLDINGS: Files Monthly Operating Report for April 2006
--------------------------------------------------------------

        Allied Holdings, Inc., and its Debtor Subsidiaries
                Unaudited Consolidated Balance Sheet
                        As of April 30, 2006
                            (In Thousands)

                                  Assets

Current Assets:
       Cash and cash equivalents                             $406
       Receivables, net of allowances                      58,145
       Related party receivables                           14,727
       Inventories                                          5,179
       Deferred income taxes                                  202
       Prepayments and other current assets                42,840
                                                        ---------
          Total current assets                            121,499

Property and equipment, net                               121,113
Goodwill, net                                               3,545
Other noncurrent assets                                    22,263
Investment in related parties                              26,402
                                                        ---------
TOTAL ASSETS                                             $294,822
                                                        =========

                  Liabilities and Stockholders' Deficit

Current liabilities not subject to compromise
        DIP facility                                     $153,326
        Accounts and notes payable                         48,552
        Accrued liabilities                                58,318
                                                        ---------
          Total current liabilities                       260,196

Long-term liabilities not subject to compromise
        Postretirement benefits                             4,311
        Deferred income taxes                                 218
        Other long term liabilities                        20,418
                                                        ---------
          Total long term liabilities                      24,947

Liabilities subject to compromise                         199,486
Stockholders deficit                                     (189,807)
                                                        ---------
       Total liabilities & stockholders deficit          $294,822
                                                        =========


            Allied Holdings, Inc., and its Debtor Subsidiaries
              Unaudited Consolidated Statement of Operations
                  For the Month Ended April 30, 2006
                              (In Thousands)

Revenues                                                  $78,066

Operating Expenses
       Salaries, Wages & Fringe benefits                   37,744
       Operating supplies & expenses                       16,169
       Purchased transportation                            10,556
       Insurance, claims                                    3,291
       Operating tax & licenses                             2,503
       Depreciation & amortization                          2,215
       Rents                                                  600
       Communications & utilities                             540
       Other operating expenses                               483
       Gain on disposal of operating expenses                  10
                                                        ---------
          Total Operating Expenses                         74,111
                                                        ---------
          Operating Income (Loss)                           3,955

Other Income (Expense)
       Interest expense                                    (3,620)
       Investment income                                        4
       Foreign exchange                                     1,812
                                                        ---------
                                                           (1,804)
                                                        ---------
Income before reorganization items and income taxes         2,151
Reorganization items                                       (1,501)
                                                        ---------
Income before income taxes                                    650
Income tax expense                                             (2)
                                                        ---------
NET INCOME (LOSS)                                            $648
                                                            =====

The Debtors disclose cash disbursements totaling $5,190,304
during April 2006.

Headquartered in Decatur, Georgia, Allied Holdings, Inc. --
http://www.alliedholdings.com/-- and its affiliates provide  
short-haul services for original equipment manufacturers and
provide logistical services.  The Company and 22 of its affiliates
filed for chapter 11 protection on July 31, 2005 (Bankr. N.D. Ga.
Case Nos. 05-12515 through 05-12537).  Jeffrey W. Kelley, Esq., at
Troutman Sanders, LLP, represents the Debtors in their
restructuring efforts.  Henry S. Miller at Miller Buckfire & Co.,
LLC, serves as the Debtors' financial advisor.  Anthony J. Smits,
Esq., at Bingham McCutchen LLP, provides the Official Committee of
Unsecured Creditors with legal advice and Russell A. Belinsky at
Chanin Capital Partners, LLC, provides financial advisory services
to the Committee.  When the Debtors filed for protection from
their creditors, they estimated more than $100 million in assets
and debts. (Allied Holdings Bankruptcy News, Issue No. 23;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


CALPINE CORPORATION: Posts $370 Million Net Loss in January 2006
----------------------------------------------------------------

                        Calpine Corporation
               Condensed Consolidating Balance Sheet
                      As of January 31, 2006

                              ASSETS

Current assets                                   $3,042,176,000
Restricted cash, net                                614,562,000
Investments                                          82,031,000
Property, plant & equipment, net                 14,086,569,000
Other assets                                      2,237,595,000
                                                ---------------
TOTAL ASSETS                                    $20,062,933,000
                                                ===============

LIABILITIES & STOCKHOLDERS' DEFICIT

Liabilities not subject to compromise:
    Current liabilities                          $7,065,494,000
    Long-term debt                                2,418,954,000
    Long-term derivative liabilities                855,616,000
    Other liabilities                               652,437,000

Liabilities subject to compromise                14,646,412,000
Minority interest                                   275,384,000
Stockholders' equity (deficit)                   (5,851,364,000)
                                                ---------------
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT       $20,062,933,000
                                                ===============


                        Calpine Corporation
          Condensed Consolidating Statement of Operations
                  For month ended January 31, 2006

Total revenue                                      $470,055,000
Total cost of revenue                               464,662,000
                                                ---------------
    Gross profit (loss)                               5,393,000

Operating expenses                                   14,262,000
                                                ---------------
    Income (loss) from operations                    (8,869,000)

Interest expense, net                                81,775,000
Other (income) expense, net                          20,565,000
                                                ---------------
    Income (loss) from continuing operations
    before reorganization items & income taxes     (111,209,000)

Reorganization items                                260,530,000
Benefit from income taxes                                     -
                                                ---------------
    Income (loss) from continuing operations
    before discontinued operations & cumulative
    effect of change in accounting principle       (371,739,000)

Income from discontinued operations                          -
Cumulative effect of change in accounting
    principle, net                                      817,000
                                                ---------------
Net income (loss)                                 ($370,922,000)
                                                ===============

Headquartered in San Jose, California, Calpine Corporation --
http://www.calpine.com/-- supplies customers and communities with
electricity from clean, efficient, natural gas-fired and
geothermal power plants.  Calpine owns, leases and operates
integrated systems of plants in 21 U.S. states and in three
Canadian provinces.  Its customized products and services include
wholesale and retail electricity, gas turbine components and
services, energy management and a wide range of power plant
engineering, construction and maintenance and operational
services.  The Company filed for chapter 11 protection on
Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard
M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq.,
and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the
Debtors in their restructuring efforts.  Michael S. Stamer, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors.  As of Dec. 19, 2005, the
Debtors listed $26,628,755,663 in total assets and $22,535,577,121
in total liabilities.  (Calpine Bankruptcy News, Issue No. 17;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


CALPINE CORP: Baytown Energy Files Schedules Of Assets & Debts
--------------------------------------------------------------

A.     Real Property
           Generation Facility                       $39,344,581
           Easements, Grants of Right of Way, etc.  undetermined
              See http://ResearchArchives.com/t/s?b25

B.     Personal Property
B.1    Cash on Hand                                            0
B.2    Bank Accounts                                       3,727
B.13   Stock interests                              undetermined
           See http://ResearchArchives.com/t/s?b27
B.14   Interests in partnerships                    undetermined
           See http://ResearchArchives.com/t/s?b27
B.16   Accounts receivable                            12,274,731
B.25   Automobiles, trucks, trailers                       5,091
B.28   Office equipment and supplies                     211,584
B.29   Machinery, fixtures, equipment                373,113,935
           See http://ResearchArchives.com/t/s?b28
B.30   Inventory                                       1,483,446
B.35   Other personal property                           263,629

         TOTAL SCHEDULED ASSETS                     $426,700,725
                                                    ============

C.      Property Claimed as Exempt                          None

D.     Secured Claims
           Morgan Stanley, notes due 2009            610,277,752
           Morgan Stanley, notes due 2010            101,088,003
           Wilmington Trust FSB, notes due 2009      239,075,226
           Wilmington Trust FSB, notes due 2010      647,134,331
           Wilmington Trust FSB, notes due 2011      699,970,844
           Wilmington Trust FSB, notes due 2011      153,833,333

E.     Unsecured priority claims                    undetermined
           See http://ResearchArchives.com/t/s?b26

F.     Unsecured non-priority claims
           Trade payables                                611,802
           Intercompany claims
              CalGen Expansion Company, LLC              (29,085)
              Calpine Generating Company, LLC        176,368,744
              Calpine Oneta Power, L.P.                   (3,657)
              Carville Energy LLC                            900
              Columbia Energy LLC                           (778)
              Corpus Christi Cogeneration L.P.              (873)
              Decatur Energy Center, LLC                     505
              Freestone Power Generation LP                 (667)
              Metcalf Energy Center, LLC                 (25,295)
              Morgan Energy Center, LLC                      263

        TOTAL SCHEDULED LIABILITIES               $2,628,301,349
                                                  ==============

Headquartered in San Jose, California, Calpine Corporation --
http://www.calpine.com/-- supplies customers and communities with
electricity from clean, efficient, natural gas-fired and
geothermal power plants.  Calpine owns, leases and operates
integrated systems of plants in 21 U.S. states and in three
Canadian provinces.  Its customized products and services include
wholesale and retail electricity, gas turbine components and
services, energy management and a wide range of power plant
engineering, construction and maintenance and operational
services.  The Company filed for chapter 11 protection on
Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard
M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq.,
and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the
Debtors in their restructuring efforts.  Michael S. Stamer, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors.  As of Dec. 19, 2005, the
Debtors listed $26,628,755,663 in total assets and $22,535,577,121
in total liabilities.  (Calpine Bankruptcy News, Issue No. 17;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


CALPINE CORP: Bethpage Energy Files Schedules Of Assets & Debts
---------------------------------------------------------------

A.     Real Estate                                            $0

B.     Personal Property
B.1    Cash on Hand                                            0
B.2    Bank Accounts
           Wilmington Trust Co. - Construction Acct.   7,898,404
           Wilmington Trust Co. - Revenue Acct.        3,621,159
           Wilmington Trust Co. - Operating Acct.            112
           Wilmington Trust Co. - Major Maintenance      159,384
           Wilmington Trust Co. - MRT Reserve Acct.      584,176
           Wilmington Trust Co. - Completion Reserve      13,327
           Wilmington Trust Co. - Condemnation Reserve 7,967,189
           Wilmington Trust Co. - Site Lease Reserve   1,232,036
           Union Bank of California - Site Checking        2,500
           Union Bank of California - O&M Account        102,527
B.13   Stock interests                              undetermined
           See http://ResearchArchives.com/t/s?b29
B.14   Interests in partnerships                    undetermined
           See http://ResearchArchives.com/t/s?b29
B.15   Government & corporate bonds                            0
B.16   Accounts receivable                             2,602,817
B.18   Other liquidated debts                             68,889
B.29   Machinery, fixtures, equipment                124,326,852
           See http://ResearchArchives.com/t/s?b2a
B.30   Inventory                                         149,637
B.35   Other personal property                           448,951

         TOTAL SCHEDULED ASSETS                     $149,177,960
                                                    ============

C.     Property Claimed as Exempt                           None

D.     Secured Claims
           Wilmington Trust - 1st Lien Credit Deal   109,709,027
           Wilmington Trust - 2nd Lien Credit Deal    14,839,349

E.     Unsecured priority claims                    undetermined
           See http://ResearchArchives.com/t/s?b2b

F.     Unsecured non-priority claims
           Trade payables                              3,325,127
           Senior Notes                                1,119,730

        TOTAL SCHEDULED LIABILITIES                 $128,993,233
                                                    ============

Headquartered in San Jose, California, Calpine Corporation --
http://www.calpine.com/-- supplies customers and communities with
electricity from clean, efficient, natural gas-fired and
geothermal power plants.  Calpine owns, leases and operates
integrated systems of plants in 21 U.S. states and in three
Canadian provinces.  Its customized products and services include
wholesale and retail electricity, gas turbine components and
services, energy management and a wide range of power plant
engineering, construction and maintenance and operational
services.  The Company filed for chapter 11 protection on
Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard
M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq.,
and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the
Debtors in their restructuring efforts.  Michael S. Stamer, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors.  As of Dec. 19, 2005, the
Debtors listed $26,628,755,663 in total assets and $22,535,577,121
in total liabilities.  (Calpine Bankruptcy News, Issue No. 17;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


CALPINE CORP: Channel Energy Files Schedules Of Assets & Debts
--------------------------------------------------------------

A.     Real Property
           Generation Facility, Pasadena, TX         $33,373,747

B.     Personal Property
B.1    Cash on hand                                            0
B.2    Bank Accounts
           Bank of America Site Checking Account             723

B.13   Interests in partnerships or joint venture   undetermined
           See http://ResearchArchives.com/t/s?b2c
B.14   Government and Corporate Bonds               undetermined
           See http://ResearchArchives.com/t/s?b2c
B.15   Accounts Receivable                            24,627,238
B.25   Vehicles                                            2,577
B.28   Office equipment, furnishings and supplies        128,108
B.29   Machinery                                     286,357,245
           See http://ResearchArchives.com/t/s?b2e
B.30   Inventory                                       1,884,459
B.35   Other Personal Property                           613,491

        TOTAL SCHEDULED ASSETS                      $346,987,588
                                                    ============

C.     Property Claimed as Exempt                           None

D.     Secured Claim
           Morgan Stanley-1st Priority Term Loan     610,277,752
           Morgan Stanley-2nd Priority Term Loan     101,088,003
           Wilmington Trust-1st Priority Notes       239,075,226
           Wilmington Trust-2nd Priority Notes       647,134,331
           Wilmington Trust-3rd Priority Notes       699,970,844
           Wilmington Trust-3rd Priority Fixed Notes 153,833,333

E.     Unsecured Priority Claims                               0

F.     Unsecured Non-priority Claims
        Trade payable                                    244,853
        Intercompany Claims                          174,861,269

        TOTAL SCHEDULED LIABILITIES               $2,626,485,612
                                                  ==============

Headquartered in San Jose, California, Calpine Corporation --
http://www.calpine.com/-- supplies customers and communities with
electricity from clean, efficient, natural gas-fired and
geothermal power plants.  Calpine owns, leases and operates
integrated systems of plants in 21 U.S. states and in three
Canadian provinces.  Its customized products and services include
wholesale and retail electricity, gas turbine components and
services, energy management and a wide range of power plant
engineering, construction and maintenance and operational
services.  The Company filed for chapter 11 protection on
Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard
M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq.,
and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the
Debtors in their restructuring efforts.  Michael S. Stamer, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors.  As of Dec. 19, 2005, the
Debtors listed $26,628,755,663 in total assets and $22,535,577,121
in total liabilities.  (Calpine Bankruptcy News, Issue No. 17;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


CALPINE CORP: Delta Energy Files Schedules Of Assets & Liabilities
------------------------------------------------------------------

A.     Real Property
           Generation Facility, Pittsburg, CA        $53,482,131
           Generation Facility Access Road, CA            39,529

B.     Personal Property
B.1    Cash on hand                                            0
B.13   Interests in partnerships or joint venture   undetermined
           See http://ResearchArchives.com/t/s?b2f
B.14   Government and Corporate Bonds               undetermined
           See http://ResearchArchives.com/t/s?b2f
B.16   Accounts Receivable                             4,660,181
B.28   Office equipment, furnishings and supplies        676,720
B.29   Machinery                                     499,767,136
           See http://ResearchArchives.com/t/s?b30
B.30   Inventory
           1200 Arcy Lane, Pittsburgh, CA              2,208,751

B.35   Other Personal Property                         1,435,486

        TOTAL SCHEDULED ASSETS                      $562,269,934
                                                    ============

C.     Property Claimed as Exempt                           None

D.     Secured Claim
           Morgan Stanley-1st Priority Term Loan     610,277,752
           Morgan Stanley-2nd Priority Term Loan     101,088,003
           Wilmington Trust-1st Priority Notes       239,075,226
           Wilmington Trust-2nd Priority Notes       647,134,331
           Wilmington Trust-3rd Priority Notes       699,970,844
           Wilmington Trust-3rd Priority Fixed Notes 153,833,333

E.     Unsecured Priority Claims                    undetermined
           See http://ResearchArchives.com/t/s?b31

F.     Unsecured Non-priority Claims
           Contra Costa County Water District          2,184,338
           Trade payables                                310,514
              See http://ResearchArchives.com/t/s?b32
           Intercompany claims
              CalGen Expansion Co. LLC                85,721,274
              CalGen Project Eqpt. Finance            85,278,340
              Calpine Corporation                    (86,400,002)
              Calpine Generating Co. LLC             198,103,598
              Corpus Christi Cogeneration LP                 455
              Los Medanos Energy Center LLC             (481,441)
              Morgan Energy Center LLC                      (578)
              Pasadena Cogeneration LP                 2,139,094
              Pastoria Energy Facility LLC                (2,666)

        TOTAL SCHEDULED LIABILITIES               $2,738,231,507
                                                  ==============

Headquartered in San Jose, California, Calpine Corporation --
http://www.calpine.com/-- supplies customers and communities with
electricity from clean, efficient, natural gas-fired and
geothermal power plants.  Calpine owns, leases and operates
integrated systems of plants in 21 U.S. states and in three
Canadian provinces.  Its customized products and services include
wholesale and retail electricity, gas turbine components and
services, energy management and a wide range of power plant
engineering, construction and maintenance and operational
services.  The Company filed for chapter 11 protection on
Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard
M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq.,
and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the
Debtors in their restructuring efforts.  Michael S. Stamer, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors.  As of Dec. 19, 2005, the
Debtors listed $26,628,755,663 in total assets and $22,535,577,121
in total liabilities.  (Calpine Bankruptcy News, Issue No. 17;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


CALPINE CORP: Los Medanos Files Schedules Of Assets & Liabilities
-----------------------------------------------------------------

A.     Real Property
           Generation Facility, Pittsburgh, CA       $47,908,768

B.     Personal Property
B.1    Cash on hand                                            0
B.13   Interests in partnerships or joint venture   undetermined
           See http://ResearchArchives.com/t/s?b33
B.14   Government and Corporate Bonds               undetermined
           See http://ResearchArchives.com/t/s?b33
B.16   Accounts Receivable                             6,840,436
B.28   Office equipment, furnishings and supplies        157,181
B.29   Machinery                                     367,138,472
           See http://ResearchArchives.com/t/s?b34
B.30   Inventory                                       1,485,436
B.35   Other Personal Property                         2,424,774

        TOTAL SCHEDULED ASSETS                      $425,955,068
                                                    ============

C.     Property Claimed as Exempt                           None

D.     Secured Claim
           Morgan Stanley-1st Priority Term Loan     610,277,752
           Morgan Stanley-2nd Priority Term Loan     101,088,003
           Wilmington Trust-1st Priority Notes       239,075,226
           Wilmington Trust-2nd Priority Notes       647,134,331
           Wilmington Trust-3rd Priority Notes       699,970,844
           Wilmington Trust-3rd Priority Fixed Notes 153,833,333

E.     Unsecured Priority Claims                    undetermined
           See http://ResearchArchives.com/t/s?b35

F.     Unsecured Non-priority Claims
           Contra Costa County Water District          2,184,338
           Trade payables                                307,126
              See http://ResearchArchives.com/t/s?b36
           Intercompany claims
              CalGen Expansion Company LLC            77,891,364
              CalGen Project Eqpt. Finance            84,488,378
              Calpine Corporation                    (77,985,734)
              Calpine Generation Company LLC         150,227,797
              Calpine Oneta Power LP                    (200,000)
              Delta Energy Center LLC                    481,441
              Pastoria Energy Facility LLC               (66,382)
              Thomassen Turbine Systems America          (21,805)

        TOTAL SCHEDULED LIABILITIES               $2,688,686,013
                                                  ==============

Headquartered in San Jose, California, Calpine Corporation --
http://www.calpine.com/-- supplies customers and communities with
electricity from clean, efficient, natural gas-fired and
geothermal power plants.  Calpine owns, leases and operates
integrated systems of plants in 21 U.S. states and in three
Canadian provinces.  Its customized products and services include
wholesale and retail electricity, gas turbine components and
services, energy management and a wide range of power plant
engineering, construction and maintenance and operational
services.  The Company filed for chapter 11 protection on
Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard
M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq.,
and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the
Debtors in their restructuring efforts.  Michael S. Stamer, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors.  As of Dec. 19, 2005, the
Debtors listed $26,628,755,663 in total assets and $22,535,577,121
in total liabilities.  (Calpine Bankruptcy News, Issue No. 17;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


CATHOLIC CHURCH: Portland Files Operating Report for April 2006
---------------------------------------------------------------

                         Pastoral Center
                Archdiocese of Portland in Oregon
                 Statement of Financial Position
                      As of April 30, 2006

ASSETS

Cash and cash equivalents                           $17,193,758
Accounts receivable, net                              1,300,131
Notes, estates and other receivables                 11,642,892
Loans receivable from Archdiocesan entities, net      7,547,111
Loans receivable from Archdiocesan housing entities     536,219
Interest receivable and other assets                    247,164
Inventories                                           1,667,584
Real Property                                           226,688
Deposits and prepaid expenses                            48,693
Investments                                          99,602,213
Advances to Archdiocesan housing entities             1,640,000
Land, buildings, and equipment, net                   7,773,120
                                                 --------------
Total Assets                                       $149,425,573
                                                  =============

LIABILITIES AND NET ASSETS

Liabilities:
   Prepetition
      Accounts payable                                  822,302
      Accrued liabilities                             2,236,486
      Funds held for others
         Second Collections                                 (12)
         Short-term investments payable              14,831,769
         Long-term pool investments payable          18,856,187
      Reserve for insurance claims                    2,343,946
      Notes payable                                  10,850,972
      Pre-need liability and reserve                    456,268
      Accrued post-retirement liability               7,607,264
                                                 --------------
   Total Prepetition Liabilities                     58,005,182
                                                 --------------
   Postpetition
      Accounts payable                                  448,646
      Accrued liabilities                             6,058,872
      Funds held for others
         Second Collections                             289,328
         Short-term investments payable               2,922,970
         Long-term pool investments                   5,120,563
      Reserve for insurance claims                      (15,922)
      Notes payable                                           -
      Pre-need liability and reserve                     34,416
      Accrued post-retirement liability                 404,521
                                                 --------------
   Total Postpetition Liabilities                    15,263,394
                                                 --------------
     Total Liabilities                               73,268,576
                                                 --------------
Net Assets:
   Prepetition Net Assets:
      Charitable Trust Assets                        69,963,455
      Other Assets                                   (3,573,694)
                                                 --------------
   Total Prepetition Net Assets                      66,389,761
                                                 --------------
   Postpetition Net Assets:
      Charitable Trust Assets                         7,616,637
      Other Assets                                    2,150,599
                                                 --------------
   Total Postpetition Net Assets                      9,767,236
                                                 --------------
      Total Net Assets                               76,156,997
                                                 --------------
Total liabilities & net assets                     $149,425,573
                                                  =============


                         Pastoral Center
                Archdiocese of Portland in Oregon
                     Statement of Activities
                For the month ending April 30, 2006

Revenues, gains and other support
   Annual Catholic Appeal income                           $568
   Gross profit on cemetery sales                        59,246
   Contributions, gifts, annuities and bequests          13,971
   Operating support - Oregon Catholic Press                  -
   Investment income and realized gains (losses),
      net of expenses                                   481,914
   Change in unrealized gains (losses)                  785,312
   Insurance premiums, net                                  490
   Interest income from loans                            35,922
   Parish assessments                                   251,797
   Other income                                         148,438
   Departmental revenues                                 (1,879)
   Net assets released from restrictions                      -
                                                 --------------
   Total revenues, gains, and other support          $1,775,779
                                                 --------------
Expenses and program support:
   Program Services:
      Annual Catholic Appeal program support,
         grants and parish subsidies                    311,742
      Clergy Services                                    51,773
      Catholic Schools                                   32,059
      Pastoral Services                                  77,947
      Evangelization Services                            43,371
      Public Services                                     9,422
      Tribunal Services                                  20,445
      Deposit and loan interest                         151,150
      Insurance program                                 401,175
      Cemetery operating expenses                        70,881
      High School grants/charitable annuities            11,406
      Other program expenses                             69,924
                                                 --------------
         Total program services                       1,251,295
                                                 --------------
   Supporting Services:
      Archbishop, Vicar General
         and Chancellor Services                         69,843
      Finance & Administration:
         Resource Development                             9,800
         Business Affairs                                 9,520
         Financial Services                              20,811
      Human Resources                                    26,631
      Shared Services                                    28,186
      Occupancy and physical plant expenses              12,519
      Designated funds expense                          111,726
      Bankruptcy expense                                356,835
      Depreciation expense                                    -
                                                 --------------
         Total supporting services                      645,871
                                                 --------------
         Total expenses and program support           1,897,166
                                                 --------------
Increase (decrease) in net assets before
   transfers and designations of net assets            (121,387)
Fund transfers - in (out)                                     -
Designation of net assets                                     -
                                                 --------------
Increase (decrease) in net assets                      (121,387)

Net assets at beginning of year                      76,278,384
                                                 --------------
Net assets at end of year                           $76,156,997
                                                   ============


                Archdiocese of Portland in Oregon
           Statement of Cash Receipts and Disbursements
                For the month ending April 30, 2006

Beginning Cash Balance:                             $16,553,128
Add:
   Transfers in                                         768,861
   Receipts Deposited                                 2,314,550
   Other (Return of Direct Deposits)                          -
   Other (Interest Income)                               56,383
                                                 --------------
   Total Cash Receipts                                3,139,794

Subtract:
   Transfers out                                       (768,861)
   Disbursements by check or debit                   (1,724,135)
   Cash withdrawn                                             -
   Other (Service Charges)                               (5,110)
   Other (Misc Check Correction)                             35
   Other (NSF Checks)                                    (1,091)
   Other (Clear Interfund Rec/Pay)                            0
                                                 --------------
   Total Cash Disbursements                          (2,499,163)
                                                 --------------
Ending Cash Balance                                 $17,193,758
                                                   ============

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


CATHOLIC CHURCH: Spokane Files Operating Report for April 2006
--------------------------------------------------------------

                    Catholic Diocese of Spokane
                           Balance Sheet
                       As of April 30, 2006


ASSETS
    Total Cash Accounts                              $2,685,745
    Total Investments                                 3,881,198
    Total Property                                      495,004
    Total Loans Receivable                            2,774,888
    Total Interfund Loan Receivable                     396,887
    Total Accounts Receivable                            66,355
    Total Land and Buildings & Equip                  2,474,977
    Total Prepaid Expenses                               55,684
                                                 --------------
Total Assets                                       $12,830,738
                                                   ============

LIABILITIES AND NET ASSETS

Liabilities
    Total Deposits Payable                            7,694,436
    Total Interest Payable                                    -
    Total Accounts Payable                               11,675

Total Long-term Liabilities                          9,335,400

Net Assets
    Total Unrestricted - Fund Balance               (17,368,462)
    Total Unrestricted Net Assets                   (17,368,462)
    T.R. - Guse Grant Funds                             321,873
    T.R. - Bishop's School Grants Funds                 122,531
    Total Replacement Fund                           10,505,389
    Total Diocesan D&L Funding                        2,176,115
    Total Guatemala Funds                               606,186
    Temporarily Restricted                                  (80)
                                                 --------------
Total liabilities & net assets                      12,960,738
                                                    ===========

                    Catholic Diocese of Spokane
                   Income and Expense Statement
               For the month ending April 30, 2006

Total Income                                         $2,772,490
Total Expenses                                        5,596,963
                                                  --------------
Net Excess or Deficit                                $2,824,472
                                                     ===========

The Diocese of Spokane's Statement of Cash Receipts and
Disbursements for the period April 1 to 30, 2006, shows ending
balance of $2,647,091.  Total cash receipts for the period is
$470,119, while total cash disbursements is $88,848.

A full-text copy of the Diocese's April 2006 Operating Report is
available for free at:

               http://ResearchArchives.com/t/s?b20

The Roman Catholic Church of the Diocese of Spokane filed for
chapter 11 protection (Bankr. E.D. Wash. Case No. 04-08822) on
Dec. 6, 2004.  Michael J. Paukert, Esq., at Paine, Hamblen,
Coffin, Brooke & Miller, LLP, represents the Spokane Diocese in
its restructuring efforts.  When the Debtor filed for protection
from its creditors, it listed $11,162,938 in total assets and
$81,364,055 in total debts. (Catholic Church Bankruptcy News,
Issue No. 60; Bankruptcy Creditors' Service, Inc., 215/945-7000)


DANA CORPORATION: Posts $62 Million Net Loss in March 2006
----------------------------------------------------------

                        Dana Corporation
                Unaudited Condensed Balance Sheet
                        At March 31, 2006

ASSETS

CURRENT ASSETS
   Cash and cash equivalent assets                 $815,000,000
   Accounts receivable
      Trade                                       1,285,000,000
      Other                                         299,000,000
   Inventories                                      680,000,000
   Assets of discontinued operations                528,000,000
   Other current assets                             166,000,000
                                               ----------------
Total current assets                             $3,773,000,000
                                               ----------------

Investments and other assets                      1,320,000,000
Investments in equity affiliates                    908,000,000
Property, plant and equipment, net                1,641,000,000
                                               ----------------
TOTAL ASSETS                                     $7,642,000,000
                                               ================

LIABILITY AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
   Notes payable, including current portion
      of long-term debt                             $29,000,000
   Accounts payable                                 797,000,000
   Liabilities of discontinued operations           228,000,000
   Other accrued liabilities                        609,000,000
                                               ----------------
Total current liabilities                        $1,663,000,000
                                               ----------------

Liabilities subject to compromise                $4,505,000,000
Deferred employee benefits and other
   non-current liabilities                          218,000,000
Long-term debt                                       15,000,000
DIP financing                                       700,000,000

Minority interest in consolidates subsidiaries       85,000,000
Shareholder' equity                                 456,000,000
                                               ----------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY       $7,642,000,000
                                                ===============


                         Dana Corporation
             Unaudited Condensed Statement of Operations
                 For the Month Ended March 31, 2006

Net Sales                                          $826,000,000
Costs and expenses
   Costs of sales                                   770,000,000
   Selling, general and administrative expenses      22,000,000
   Other income, net                                 12,000,000
                                               ----------------
Income (loss) from operations                       $46,000,000
Interest expense                                      6,000,000
Reorganization charges                               55,000,000
                                               ----------------
Income (loss) before income taxes                   (15,000,000)
Income tax (expense) benefit                        (13,000,000)
Minority interest                                             -
Equity in earnings of affiliates                     (7,000,000)
                                               ----------------
Income (loss) before continuing operations          (35,000,000)
Income (loss) from discontinued operations          (27,000,000)
                                               ----------------
Net income (loss)                                  ($62,000,000)
                                                  =============


                         Dana Corporation
             Unaudited Condensed Statement of Cash Flow
                 For the Month Ended March 31, 2006


OPERATING ACTIVITIES
Net income (loss)                                  ($62,000,000)
Depreciation and amortization                        22,000,000
Charges related to divestitures and asset sales      28,000,000
Reorganization charges                               55,000,000
Payment of reorganization charges                   (28,000,000)
Working capital                                      81,000,000
Other                                                98,000,000
                                               ----------------
Net cash flow provided by
(used for) operating activities                    $194,000,000

INVESTING ACTIVITIES
Purchases of property, plant and equipment          (40,000,000)
Others                                               14,000,000
                                               ----------------
Net cash flow provided by
(used for) operating activities                    ($26,000,000)

FINANCING ACTIVITIES
Net change in short-term debt                      (609,000,000)
Payments of long-term debt                           (4,000,000)
Proceeds from DIP facility                          700,000,000
Issuance of long-term debt                                    -
                                               ----------------
Net cash flow provided by
(used for) operating activities                     $87,000,000

Net increase in cash equivalents                    255,000,000
                                               ----------------
Cash and cash equivalents, beginning of period      560,000,000
                                               ----------------
Cash and cash equivalents, end of period           $815,000,000
                                                  =============

Based in Toledo, Ohio, Dana Corporation -- http://www.dana.com/
-- designs and manufactures products for every major vehicle
producer in the world, and supplies drivetrain, chassis,
structural, and engine technologies to those companies.  Dana
employs 46,000 people in 28 countries.  Dana is focused on being
an essential partner to automotive, commercial, and off-highway
vehicle customers, which collectively produce more than 60 million
vehicles annually.  The company and its affiliates filed for
chapter 11 protection on Mar. 3, 2006 (Bankr. S.D.N.Y. Case No.
06-10354).  Corinne Ball, Esq., and Richard H. Engman, Esq., at
Jones Day, in Manhattan and Heather Lennox, Esq., Jeffrey B.
Ellman, Esq., Carl E. Black, Esq., and Ryan T. Routh, Esq., at
Jones Day in Cleveland, Ohio, represent the Debtors.  Henry S.
Miller at Miller Buckfire & Co., LLC, serves as the Debtors'
financial advisor and investment banker.  Ted Stenger from
AlixPartners serves as Dana's Chief Restructuring Officer.  Thomas
Moers Mayer, Esq., at Kramer Levin Naftalis & Frankel LLP,
represents the Official Committee of Unsecured Creditors.  When
the Debtors filed for protection from their creditors, they listed
$7.9 billion in assets and $6.8 billion in liabilities as of Sept.
30, 2005.  (Dana Corporation Bankruptcy News, Issue No. 11;
Bankruptcy Creditors' Service, Inc., 215/945-7000).


DANA CORPORATION: Posts $16 Million Net Loss in April 2006
----------------------------------------------------------

                        Dana Corporation
               Unaudited Condensed Balance Sheet
                         At April 30, 2006

ASSETS

CURRENT ASSETS
   Cash and cash equivalent assets                 $812,000,000
   Accounts receivable
      Trade                                       1,354,000,000
      Other                                         341,000,000
   Inventories                                      704,000,000
   Assets of discontinued operations                554,000,000
   Other current assets                             166,000,000
                                               ----------------
Total current assets                             $3,931,000,000
                                               ----------------

Investments and other assets                      1,355,000,000
Investments in equity affiliates                    922,000,000
Property, plant and equipment, net                1,674,000,000
                                               ----------------
TOTAL ASSETS                                     $7,882,000,000
                                               ================

LIABILITY AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
   Notes payable, including current portion
      of long-term debt                             $34,000,000
   Accounts payable                                 978,000,000
   Liabilities of discontinued operations           238,000,000
   Other accrued liabilities                        686,000,000
                                               ----------------
Total current liabilities                        $1,936,000,000
                                               ----------------

Liabilities subject to compromise                $4,413,000,000
Deferred employee benefits and other
   non-current liabilities                          232,000,000
Long-term debt                                       15,000,000
DIP financing                                       700,000,000

Minority interest in consolidates subsidiaries       87,000,000
Shareholder' equity                                 499,000,000
                                               ----------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY       $7,882,000,000
                                               ================


                        Dana Corporation
            Unaudited Condensed Statement of Operations
                 For the Month Ended April 30, 2006

Net Sales                                          $693,000,000
Costs and expenses
   Costs of sales                                   659,000,000
   Selling, general and administrative expenses      35,000,000
   Other income, net                                 12,000,000
                                               ----------------
Income (loss) from operations                       $11,000,000
Interest expense                                      7,000,000
Reorganization charges                                7,000,000
                                               ----------------
Income (loss) before income taxes                    (3,000,000)
Income tax (expense) benefit                         (8,000,000)
Minority interest                                    (1,000,000)
Equity in earnings of affiliates                     (1,000,000)
                                               ----------------
Income (loss) before continuing operations          (13,000,000)
Income (loss) from discontinued operations           (3,000,000)
                                               ----------------
Net income (loss)                                  ($16,000,000)
                                               ================


                         Dana Corporation
             Unaudited Condensed Statement of Cash Flow
                 For the Month Ended April 30, 2006

OPERATING ACTIVITIES
Net income (loss)                                  ($16,000,000)
Depreciation and amortization                        21,000,000
Charges related to divestitures and asset sales               -
Reorganization charges                                7,000,000
Payment of reorganization charges                             -
Working capital                                      24,000,000
Other                                                (1,000,000)
                                               ----------------
Net cash flow provided by
(used for) operating activities                     $35,000,000

INVESTING ACTIVITIES
Purchases of property, plant and equipment          (26,000,000)
Proceeds from sale of other assets                    1,000,000
Others                                              (18,000,000)
                                               ----------------
Net cash flow provided by
(used for) operating activities                    ($43,000,000)

FINANCING ACTIVITIES
Net change in short-term debt                        (5,000,000)
Payments of long-term debt                                    -
Proceeds from DIP facility                                    -
Issuance of long-term debt                                    -
                                               ----------------
Net cash flow provided by
(used for) operating activities                      $5,000,000

Net increase in cash equivalents                     (3,000,000)
                                               ----------------
Cash and cash equivalents, beginning of period      815,000,000
                                               ----------------
Cash and cash equivalents, end of period           $812,000,000
                                               ================

Based in Toledo, Ohio, Dana Corporation -- http://www.dana.com/
-- designs and manufactures products for every major vehicle
producer in the world, and supplies drivetrain, chassis,
structural, and engine technologies to those companies.  Dana
employs 46,000 people in 28 countries.  Dana is focused on being
an essential partner to automotive, commercial, and off-highway
vehicle customers, which collectively produce more than 60 million
vehicles annually.  The company and its affiliates filed for
chapter 11 protection on Mar. 3, 2006 (Bankr. S.D.N.Y. Case No.
06-10354).  Corinne Ball, Esq., and Richard H. Engman, Esq., at
Jones Day, in Manhattan and Heather Lennox, Esq., Jeffrey B.
Ellman, Esq., Carl E. Black, Esq., and Ryan T. Routh, Esq., at
Jones Day in Cleveland, Ohio, represent the Debtors.  Henry S.
Miller at Miller Buckfire & Co., LLC, serves as the Debtors'
financial advisor and investment banker.  Ted Stenger from
AlixPartners serves as Dana's Chief Restructuring Officer.  Thomas
Moers Mayer, Esq., at Kramer Levin Naftalis & Frankel LLP,
represents the Official Committee of Unsecured Creditors.  When
the Debtors filed for protection from their creditors, they listed
$7.9 billion in assets and $6.8 billion in liabilities as of Sept.
30, 2005.  (Dana Corporation Bankruptcy News, Issue No. 11;
Bankruptcy Creditors' Service, Inc., 215/945-7000).


DELPHI CORPORATION: Posts $192 Million Net Loss in April 2006
-------------------------------------------------------------


                    Delphi Corporation, et al.
               Unaudited Consolidated Balance Sheet
                      As of April 30, 2006
                          (In Millions)

                              ASSETS

Current assets:         
   Cash and cash equivalents                               $993
   Accounts receivable, net
      General Motors and affiliates                       1,820
      Other third parties                                 1,315
      Non-Debtor subsidiaries                               305
   Notes receivable from non-Debtor subsidiaries            366
   Inventories, net
      Productive material, work-in-process and supplies     865
      Finished goods                                        341
   Prepaid expenses and other                               476
                                                       --------
      TOTAL CURRENT ASSETS                                6,481

Long-term assets:
   Property, net                                          2,657
   Goodwill                                                 139
   Other intangible assets                                   39
   Pension intangible assets                                871
   Investments in non-Debtor subsidiaries                 3,364
   Other                                                    723
                                                       --------
TOTAL ASSETS                                            $14,274
                                                       ========

              LIABILITIES AND STOCKHOLDERS' DEFICIT         

Current liabilities not subject to compromise:
   Secured debt in default                                2,492
   Accounts payable                                       1,174
   Accounts payable to non-Debtor subsidiaries              493
   Accrued liabilities                                      643
                                                       --------
   TOTAL CURRENT LIABILITIES                              4,802

Long-term liabilities not subject to compromise:
   Debtor-in-possession financing                           250
   Employee benefit plan obligations and other              625
                                                       --------
   TOTAL LONG-TERM LIABILITIES                              875

Liabilities subject to compromise                        15,218
                                                       --------
   TOTAL LIABILITIES                                     20,895
          
Stockholders' deficit:         
   Common stock                                               6
   Additional paid-in capital                             2,755
   Accumulated deficit                                   (6,965)
   Minimum pension liability                             (2,291)
   Accumulated other comprehensive loss                     (74)
   Treasury stock, at cost (3.2 million shares)             (52)
                                                       --------
   TOTAL STOCKHOLDERS' DEFICIT                           (6,621)
                                                       --------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT             $14,274
                                                       ========


                    Delphi Corporation, et al.
          Unaudited Consolidated Statement of Operations
                    Month Ended April 30, 2006
                          (In Millions)

Net sales:                  
   General Motors and affiliates                           $761
   Other customers                                          548
   Intercompany non-Debtor subsidiaries                      48
                                                       --------
Total net sales                                           1,357
                                                       --------
Operating expenses:                  
   Cost of sales, excluding items listed below            1,391
   Selling, general and administrative                       90
   Depreciation and amortization                             57
   Goodwill and long-lived asset impairment charges           -
                                                       --------
Total operating expenses                                  1,538
                                                       --------
Operating loss                                             (181)

Interest expense                                            (30)
Other expense, net                                           (1)

Reorganization items                                         (5)
Income tax benefit (expense)                                  1
Equity income from non-consolidated subsidiaries              2
Equity income from non-Debtor subsidiaries, net of tax       22
                                                       --------
NET LOSS                                                  ($192)
                                                         ======


                    Delphi Corporation, et al.
          Unaudited Consolidated Statement of Cash Flows
                    Month Ended April 30, 2006
                           (In Millions)

Cash flows from operating activities:         
   Net loss                                               ($192)
   Adjustments to reconcile net loss
    to net cash provided by operating activities:         
    Depreciation and amortization                            57
    Pension and other postretirement benefit expenses       128
    Equity income from unconsolidated subsidiaries, net      (2)
    Equity income from non-Debtor subsidiaries, net of tax  (22)
    Reorganization items                                      5
   Changes in operating assets and liabilities:         
    Accounts receivable, net                                 85
    Inventories, net                                        (63)
    Prepaid expenses and other                               28
    Accounts payable, accrued and other long-term debts      41
    Pension contributions                                   (59)
    Other postretirement benefit payments                   (17)
    Receipts (payments) for reorganization items, net         2
    Other                                                    51
                                                       --------
Net cash used in operating activities                        42
        
Cash flows from investing activities:
   Capital expenditures                                     (32)
   Proceeds from sale of property                             -
                                                       --------
Net cash used in investing activities                       (32)

Cash flows from financing activities:
   Repayments of note payable to non-Debtor subsidiary       (1)
   Repayments of other debt                                   -
                                                       --------
Net cash used in financing activities                        (1)
                                                       --------
Increase in cash and cash equivalents                         9
Cash and cash equivalents at beginning of period            984
                                                       --------
Cash and cash equivalents at end of period                 $993
                                                          =====

Troy, Mich.-based, 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.  Robert J. Rosenberg, Esq.,
Mitchell A. Seider, Esq., and Mark A. Broude, Esq., at Latham &
Watkins LLP, represents the Official Committee of Unsecured
Creditors.  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. 27; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


DELTA AIR: Posts $27 Million Net Loss for the Month of April 2006
-----------------------------------------------------------------


                      DELTA AIR LINES, INC.
               Unaudited Consolidated Balance Sheet
                       As of April 30, 2006

                             ASSETS

CURRENT ASSETS:
Cash and cash equivalents                        $2,123,000,000
Short-term investments                             $331,000,000
Restricted cash                                     940,000,000
Accounts receivable, net of an allowance for
   uncollectible accounts of $38                  1,056,000,000
Expendable parts and supplies inventories, net
   of an allowance for obsolescence of $205         172,000,000
Prepaid expenses and other                          607,000,000
                                                ---------------
Total current assets                              5,229,000,000

PROPERTY AND EQUIPMENT:
Flight equipment                                 18,142,000,000
Accumulated depreciation                         (6,485,000,000)
                                                ---------------
Flight equipment, net                            11,657,000,000

Flight and ground equipment
   under capital leases                             556,000,000
Accumulated amortization                           (176,000,000)
                                                ---------------
Flight and ground equipment
   under capital leases, net                        380,000,000
                                                ---------------

Ground property and equipment                     4,769,000,000
Accumulated depreciation                         (2,913,000,000)
                                                ---------------
Ground property and equipment, net                1,856,000,000

Advance payments for equipment                       44,000,000
                                               ---------------
Total property and equipment, net                13,937,000,000

OTHER ASSETS:
Goodwill                                            227,000,000
Operating rights and other intangibles,
   net of accumulated amortization of $192           71,000,000
Other noncurrent assets                           1,116,000,000
                                                ---------------
Total other assets                                1,414,000,000
                                                ---------------
Total assets                                    $20,580,000,000
                                               ================

             LIABILITIES AND SHAREOWNERS' DEFICIT

CURRENT LIABILITIES:
Current maturities of long-term debt
   and capital leases                            $1,330,000,000
Accounts payable, deferred credits
   and other accrued liabilities                  1,696,000,000
Air traffic liability                             2,329,000,000
Taxes payable                                       611,000,000
Accrued salaries and related benefits               401,000,000
                                                ---------------
Total current liabilities                         6,367,000,000

NONCURRENT LIABILITIES:
Long-term debt and capital leases                 6,596,000,000
Deferred revenue and other credits                  287,000,000
Other                                               249,000,000
                                                ---------------
Total noncurrent liabilities                      7,132,000,000

LIABILITIES SUBJECT TO COMPROMISE                18,772,000,000

COMMITMENTS AND CONTINGENCIES

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                        1,560,000,000
Accumulated deficit                             (10,307,000,000)
Accumulated other comprehensive loss             (2,722,000,000)
Treasury stock at cost, 4,745,710 shares           (224,000,000)
                                                ---------------
Total shareowners' deficit                      (11,691,000,000)
                                                ---------------
Total liabilities and shareowners' deficit      $20,580,000,000
                                               ================


                      DELTA AIR LINES, INC.
          Unaudited Consolidated Statement of Operations
              For the Month Ended April 30, 2006

OPERATING REVENUES:
Passenger:
   Mainline                                       1,006,000,000
   Regional affiliates                              326,000,000
   Cargo                                             41,000,000
   Other, net                                        97,000,000
                                                ---------------
Total operating revenues                          1,470,000,000

OPERATING EXPENSES:
Salaries and related costs                          344,000,000
Aircraft fuel                                       341,000,000
Contract carrier arrangements                       212,000,000
Depreciation and amortization                       100,000,000
Contracted services                                  87,000,000
Passenger commissions and
   other selling expenses                            75,000,000
Aircraft maintenance materials and
   outside repairs                                   68,000,000
Landing fees and other rents                         65,000,000
Passenger service                                    25,000,000
Aircraft rent                                        24,000,000
Other                                                45,000,000
                                                ---------------
Total operating expenses                          1,386,000,000
                                                ---------------
OPERATING LOSS                                       84,000,000
                                                ---------------
OTHER INCOME (EXPENSE):
Interest expense (contractual interest
   expense equals $102 for the Month ended
   April 30, 2006)                                  (76,000,000)
Miscellaneous income                                  9,000,000
Interest income                                       5,000,000
                                                ---------------
Total other expense, net                            (62,000,000)
                                                ---------------
LOSS BEFORE REORGANIZATION ITEMS, NET                22,000,000

REORGANIZATION ITEMS, NET                           (49,000,000)
                                                ---------------
LOSS BEFORE INCOME TAXES                            (27,000,000)

INCOME TAX PROVISION                                         --
                                                ---------------
NET LOSS                                           ($27,000,000)
                                                  =============


                      DELTA AIR LINES, INC.
         Unaudited Consolidated Statements of Cash Flows
              For the Month ended April 30, 2006

CASH FLOWS FROM OPERATING ACTIVITIES              ($252,000,000)

CASH FLOWS FROM INVESTING ACTIVITIES:
Property and equipment additions:
   Flight equipment, including
      advance payments                              (16,000,000)
   Ground property and equipment                     (9,000,000)
                                                ---------------
Net cash provided by investing activities           (25,000,000)

CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on long-term debt and
   capital lease obligations                        (29,000,000)
                                                ---------------
Net cash used by financing activities               (29,000,000)
                                                ---------------
Net increase in cash and cash equivalents          (306,000,000)

Cash & cash equivalents at beginning of period    2,429,000,000
                                                ---------------
Cash & cash equivalents at end of period         $2,123,000,000
                                                ===============

Headquartered in Atlanta, Georgia, Delta Air Lines, Inc. --
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. (Delta Air Lines
Bankruptcy News, Issue No. 33; Bankruptcy Creditors' Service,
Inc., 215/945-7000).


INTEGRATED ELECTRICAL: Posts $4.7 Million Net Loss in April 2006
----------------------------------------------------------------

           Integrated Electrical Services, Inc., et al.
                          Balance Sheet
                       As of April 30, 2006

ASSETS
   Unrestricted Cash                                 12,463,000
   Restricted Cash                                   20,132,000
                                                ---------------
   Total Cash                                        32,595,000

   Accounts Receivable (Net)                        166,166,000
   Inventory                                         24,402,000
   Notes Receivable                                           -
   Prepaid Expenses                                  24,451,000
   Other                                             69,585,000
                                                ---------------
   Total Current Assets                             317,199,000
                                                   ============

   Property, Plant & Equipment                       80,981,000
   Less: Accumulated Depreciation/Depletion          59,661,000
   Net Property, Plant & Equipment                   21,320,000
   Due from Insiders                                          -
   Other Assets -- Net of Amortization               24,343,000
   Other                                              7,045,000
                                                ---------------
   Total Assets                                     369,907,000
                                                   ============

POSTPETITION LIABILITIES
   Accounts Payable                                  48,250,000
   Taxes Payable                                      3,477,000
   Notes Payable                                              -
   Professional Fees                                  4,355,000
   Secured Debt                                               -
   Other                                             62,325,000
                                                ---------------
   Total Postpetition Liabilities                   118,407,000
                                                   ============

PREPETITION LIABILITIES
   Secured Debt                                          11,000
   Priority Debt                                         41,000
   Unsecured Debt                                   253,192,000
   Other                                             19,246,000
                                                ---------------
   Total Prepetition Liabilities                    272,490,000
                                                   ============
   Total Liabilities                                390,897,000
                                                   ============

EQUITY
   Prepetition Owner's Equity                         6,034,000
   Postpetition Cumulative Profit or (Loss)         (27,024,000)
   Direct Charges to Equity
                                                ---------------
Total Equity                                        (20,990,000)
                                                   ============
Total Liabilities & Owners' Equity                  369,907,000
                                                   ============


           Integrated Electrical Services, Inc., et al.
                         Income Statement
                   For the Month of April 2006

REVENUES
   Gross Revenues                                    81,888,000
   Less: Returns & Discounts                                  -
                                                ---------------
   Net Revenue                                       81,888,000
                                                    ===========

COST OF GOODS SOLD
   Material                                          34,760,000
   Direct Labor                                      20,873,000
   Direct Overhead                                   15,395,000
                                                ---------------
   Total Cost of Goods Sold                          71,028,000
                                                ---------------
   Gross Profit                                      10,860,000
                                                    ===========

OPERATING EXPENSES
   Officer/Insider Compensation                         253,000
   Selling & Marketing                                  606,000
   General & Administrative                           9,073,000
   Rent & Lease                                         300,000
   Other                                                      -
                                                ---------------
   Total Operating Expenses                          10,232,000
                                                ---------------
   Income Before Non-operating Income & Expense         628,000
                                                       ========

OTHER INCOME & EXPENSES
   Non-Operating Income                                 172,000
   Non-Operating Expense                                      -
   Interest Expense                                     464,000
   Depreciation/Depletion                                     -
   Amortization                                         447,000
   Other                                                (32,000)
                                                ---------------
   Net Other Income & Expenses                          707,000
                                                       ========

REORGANIZATION EXPENSES
   Professional Fees                                  3,585,000
   U.S. Trustee Fees                                          -
   Other                                                945,000
                                                ---------------
   Total Reorganization Expenses                      4,530,000

   Income Tax                                           150,000
                                                ---------------
   Net Profit (Loss)                                 (4,759,000)
                                                    ===========


           Integrated Electrical Services, Inc., et al.
            Statement of Cash Receipts & Disbursements
                   For the Month of April 2006

CASH RECEIPTS & DISBURSEMENTS
   Cash -- Beginning of Month                        34,556,000
                                                    ===========

RECEIPTS FROM OPERATIONS
   Cash Sales                                            30,000

COLLECTION OF ACCOUNTS RECEIVABLE
   Prepetition                                       20,166,000
   Postpetition                                      58,284,000
                                                ---------------
   Total Operating Receipts                          78,480,000
                                                    ===========

NON-OPERATING RECEIPTS
   Loans & Advances                                           -
   Sale of Assets                                        (1,000)
   Other                                                      -
                                                ---------------
   Total Non-Operating Receipts                          (1,000)
                                                        
   Total Receipts                                    78,479,000
                                                    ===========
   Total Cash Available                             113,035,000
                                                   ============

OPERATING DISBURSEMENTS
   Net Payroll                                       17,926,000
   Payroll Taxes Paid                                 7,424,000
   Sales, Use & Other Taxes Paid                        549,000
   Secured/Rental/Leases                              1,124,000
   Utilities                                            310,000
   Insurance                                          1,158,000
   Inventory Purchases                               26,215,000
   Vehicle Expenses                                   1,361,000
   Travel                                               264,000
   Entertainment                                        121,000
   Repairs & Maintenance                                158,000
   Supplies                                             498,000
   Advertising                                           13,000
   Other                                             22,118,000
                                                ---------------
   Total Operating Disbursements                     79,239,000
                                                    ===========

REORGANIZATION EXPENSES
   Professional Fees                                  1,201,000
   U.S. Trustee Fees                                          -
   Other                                                      -
                                                ---------------
   Total Reorganization Expenses                      1,201,000
                                                
   Total Disbursements                               80,440,000
                                                    ===========
   Net Cash Flow                                     (1,961,000)
                                                    ===========
   Cash - End of Month                               32,595,000
                                                    ===========

Headquartered in Houston, Texas, Integrated Electrical Services,
Inc. -- http://www.ielectric.com/and http://www.ies-co.com/--  
is an electrical and communications service provider with national
roll-out capabilities across the U.S.  Integrated Electrical
Services offers seamless solutions and project delivery of
electrical and low-voltage services, including communications,
network, and security solutions.

The Company provides everything from system design, installation,
and testing to long-term service and maintenance on a wide array
of projects.  With approximately 140 locations nationwide, the
Company is prepared to seamlessly manage and deliver all your
electrical, security, and communication requirements.  The Debtor
and 132 of its affiliates filed for chapter 11 protection on Feb.
14, 2006 (Bankr. N.D. Tex. Lead Case No. 06-30602).  Daniel C.
Stewart, Esq., and Michaela C. Crocker, Esq., at Vinson & Elkins,
L.L.P., represent the Debtors in their restructuring efforts.
Marcia L. Goldstein, Esq., and Alfredo R. Perez, Esq., at Weil,
Gotshal & Manges LLP, represent the Official Committee of
Unsecured Creditors.  As of Dec. 31, 2005, Integrated Electrical
reported assets totaling $400,827,000 and debts totaling
$385,540,000.

The Court confirmed the Debtors' Modified Second Amended Joint
Plan of Reorganization on Apr. 26, 2006.  That plan became
effective on May 12, 2006.  (Integrated Electrical Bankruptcy
News, Issue No. 12; Bankruptcy Creditors' Service, Inc.
215/945-7000)


LARGE SCALE: Posts $111,668 Net Loss for Month Ended Feb. 28
------------------------------------------------------------
Large Scale Biology Corporation filed its Monthly Operating Report
for the month ended Feb. 28, 2006, with the U.S. Bankruptcy Court
for the Eastern District of California.

The Company reported a $111,668 net loss on $12,595 of revenues
for the month ended Feb. 28, 2006.

For the month ended Feb. 28, 2006, Large Scale Biology
Corporation's balance sheet shows:

      Current Assets                        $22,159,894
      Total Assets                           25,148,066
      Current Liabilities                       898,152
      Total Liabilities                      13,004,922
      Total Stockholders' Equity             12,143,145

A full-text copy of the Company's Monthly Operating Report for the
month ended Feb. 28, 2006, is available for free at:

                http://ResearchArchives.com/t/s?af8

Headquartered in Vacaville, California, Large Scale Biology
Corporation -- http://www.lsbc.com/-- develops, manufactures and
sells plant-made pharmaceutical proteins and vaccines.  LSBC and
its debtor-affiliates filed for chapter 11 protection on Jan. 9,
2006. (Bankr. E.D. Calif. Case No. 06-20046).  Paul J. Pascuzzi,
Esq., at Felderstein Fitzgerald Willoughby & Pascuzzi, represent
the Debtors in their restructuring efforts.  As of Nov. 30, 2005,
the LSBC had $9,760,000 in total assets and $7,836,000 in total
debts.


LARGE SCALE: Posts $1 Million Net Loss for Month Ended March 31
---------------------------------------------------------------
Large Scale Biology Corporation filed its Monthly Operating Report
for the month ended March 31, 2006, with the U.S. Bankruptcy Court
for the Eastern District of California.

The Company reported a $1,091,226 net loss on $177,201 of revenues
for the month ended March 31, 2006.

For the month ended March 31, 2006, Large Scale Biology
Corporation's balance sheet shows:

      Current Assets                        $17,365,244
      Total Assets                           20,215,023
      Current Liabilities                       935,512
      Total Liabilities                       9,118,608
      Total Stockholders' Equity             11,096,415

A full-text copy of the Company's Monthly Operating Report for the
month ended March 31, 2006, is available for free at:

               http://ResearchArchives.com/t/s?af9

Headquartered in Vacaville, California, Large Scale Biology
Corporation -- http://www.lsbc.com/-- develops, manufactures and
sells plant-made pharmaceutical proteins and vaccines.  LSBC and
its debtor-affiliates filed for chapter 11 protection on Jan. 9,
2006. (Bankr. E.D. Calif. Case No. 06-20046).  Paul J. Pascuzzi,
Esq., at Felderstein Fitzgerald Willoughby & Pascuzzi, represent
the Debtors in their restructuring efforts.  As of Nov. 30, 2005,
the LSBC had $9,760,000 in total assets and $7,836,000 in total
debts.


LARGE SCALE: Posts $238,636 Net Loss for Month Ended April 30
-------------------------------------------------------------
On May 30, 2006, Large Scale Biology Corporation filed its
Monthly Operating Report for the month ended April 30, 2006, with
the U.S. Bankruptcy Court for the Eastern District of
California.

The Company reported a $238,636 net loss on $164,456 of revenues
for the month ended April 30, 2006.

For the month ended April 30, 2006, Large Scale Biology
Corporation's balance sheet shows:

      Current Assets                        $17,257,738
      Total Assets                           20,061,100
      Current Liabilities                       998,159
      Total Liabilities                       9,161,689
      Total Stockholders' Equity             10,899,411       

A full-text copy of the Company's Monthly Operating Report for the
month ended April 30, 2006, is available for free at:

               http://ResearchArchives.com/t/s?af3

Headquartered in Vacaville, California, Large Scale Biology
Corporation -- http://www.lsbc.com/-- develops, manufactures and
sells plant-made pharmaceutical proteins and vaccines.  LSBC and
its debtor-affiliates filed for chapter 11 protection on Jan. 9,
2006. (Bankr. E.D. Calif. Case No. 06-20046).  Paul J. Pascuzzi,
Esq., at Felderstein Fitzgerald Willoughby & Pascuzzi, represent
the Debtors in their restructuring efforts.  As of Nov. 30, 2005,
the LSBC had $9,760,000 in total assets and $7,836,000 in total
debts.


MERIDIAN AUTOMOTIVE: Posts $10.5 Million Net Loss in April 2006
---------------------------------------------------------------

             Meridian Automotive Systems - Composites
                 Operations, Inc. and Subsidiaries
               Unaudited Consolidated Balance Sheet
                       As of April 30, 2006
                          (In Thousands)

CURRENT ASSETS:
    Cash                                                       -
    Accounts receivable, net                             $96,816
    Intercompany receivable                               16,744
    Inventories                                           65,898
    Tooling costs in excess of billings and others        28,205
                                                      ----------
       TOTAL CURRENT ASSETS                              207,663
                                                      ----------
    Property, plant and equipment, net                   224,731
    Intangible assets                                     15,280
    Investment in subsidiaries                            23,863
    Other assets                                          12,088
                                                      ----------
       TOTAL ASSETS                                     $483,625
                                                      ==========

CURRENT LIABILITIES NOT SUBJECT TO COMPRISE:
    Current portion of long term debt                   $347,036
    Accounts payable                                      47,536
    Accrued expenses                                      41,516
    Tooling billings in excess of costs                    1,376
                                                      ----------
       TOTAL CURENT LIABILITIES                          437,464
                                                      ----------

    Liabilities subject to comprise                      478,061

    Non-Current Liabilities Not Subject to Compromise:
       Other long-term liabilities                         9,058
       Accumulated post-retirement benefit obligation     24,266
                                                      ----------
       TOTAL LIABILITIES                                 948,849
       SHAREHOLDERS' EQUITY                             (465,224)
                                                      ----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY              $483,625
                                                      ==========


              Meridian Automotive Systems - Composite
                 Operations, Inc. and Subsidiaries
                 Unaudited Statement of Operations
                        April 1 to 30, 2006
                           (In Thousands)

Net sales                                                $58,418
Cost of sales                                             55,986
                                                      ----------
Gross profit                                               2,432

Selling, general and administrative expenses               2,607
Restructuring charges                                      1,237
                                                      ----------
Operating income (loss)                                   (1,412)

Interest expense, net                                      8,325
Other (expense) income                                        (1)
Chapter 11 and related reorganization items                  833
                                                      ----------
Loss before provision for income taxes                   (10,571)
(Benefit) Provision for income taxes                          18
                                                      ----------
NET LOSS                                                ($10,589)
                                                       =========


              Meridian Automotive Systems - Composite
                 Operations, Inc. and Subsidiaries
                 Unaudited Statement of Cash Flows
                        April 1 to 30, 2006
                           (In Thousands)

OPERATING ACTIVITIES:
    Net loss                                            ($10,589)
    Adjustments required to reconcile net loss to net
     cash provided by (used in) operating activities:
       Depreciation, amortization, and impairment          3,820
       Change in working capital and other operating
        items                                              7,157
                                                      ----------
     Net cash provided by (used for) operating
      activities before reorganization items                 388
                                                      ----------
     Operating cash flows from reorganization items:
        Chapter 11 and related reorganization items          833
        Payments on Chapter 11 and related reorg items    (1,363)
                                                      ----------
     Net cash provided by Chapter 11 and related
      reorg items                                           (530)

     Net cash provided by (used for) operating
      activities                                            (142)

INVESTING ACTIVITIES:
    Additions to property and equipment                     (658)
    Proceeds from sale or property and equipment               -
                                                      ----------
    Net cash used for investing activities                  (658)
                                                      ----------

FINANCING ACTIVITIES:
    Proceeds from prepetition borrowings                       -
    Repayments of prepetition borrowings                       -
    Proceeds from DIP credit facility                     26,000
    Repayments of DIP credit facility                    (25,200)
    Repayments on prepetition long-term debt                   -
    Deferred financing costs capitalized                       -
                                                      ----------
Net cash (used for) provided by financing activities       ($800)
                                                      ----------
Net increase (decrease) in cash                                -
                                                      ----------
Cash and Cash Equivalents, beginning of period                 -

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

Headquartered in Dearborn, Mich., Meridian Automotive Systems,
Inc. -- http://www.meridianautosystems.com/-- supplies    
technologically advanced front and rear end modules, lighting,
exterior composites, console modules, instrument panels and other
interior systems to automobile and truck manufacturers.  Meridian
operates 22 plants in the United States, Canada and Mexico,
supplying Original Equipment Manufacturers and major Tier One
parts suppliers.  The Company and its debtor-affiliates filed for
chapter 11 protection on April 26, 2005 (Bankr. D. Del. Case Nos.
05-11168 through 05-11176).  James F. Conlan, Esq., Larry J.
Nyhan, Esq., Paul S. Caruso, Esq., and Bojan Guzina, Esq., at
Sidley Austin Brown & Wood LLP, and Robert S. Brady, Esq., Edmon
L. Morton, Esq., Edward J. Kosmowski, Esq., and Ian S. Fredericks,
Esq., at Young Conaway Stargatt & Taylor, LLP, represent the
Debtors in their restructuring efforts.  Eric E. Sagerman, Esq.,
at Winston & Strawn LLP represents the Official Committee of  
Unsecured Creditors.  The Committee also hired Ian Connor  
Bifferato, Esq., at Bifferato, Gentilotti, Biden & Balick, P.A.,  
to prosecute an adversary proceeding against Meridian's First Lien
Lenders and Second Lien Lenders to invalidate their liens.  When  
the Debtors filed for protection from their creditors, they listed
$530 million in total assets and approximately $815 million in  
total liabilities.  (Meridian Bankruptcy News, Issue No. 28;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


NORTHWEST AIRLINES: Posts $226 Million Net Loss in March 2006
-------------------------------------------------------------


                 Northwest Airlines Corporation
        Unaudited Condensed Consolidated Balance Sheets
                      As of March 31, 2006

ASSETS

Current assets:
   Cash and cash equivalents                       $677,000,000
   Unrestricted short-term investments              602,000,000
   Restricted cash, cash equivalents &
      short-term investments                        652,000,000
   Accounts receivable, net                         673,000,000
   Flight equipment spare parts, net                133,000,000
   Prepaid expenses & other                         429,000,000
                                                ---------------
Total current assets                              3,166,000,000

Property and equipment:
   Flight equipment, net                          7,459,000,000
   Other property & equipment, net                  746,000,000
                                                ---------------
Total property & equipment                        8,205,000,000

Flight Equipment under capital leases, net           22,000,000

Other assets:
   Intangible pension asset                         363,000,000
   International routes                             634,000,000
   Investments in affiliated companies               42,000,000
   Other                                            920,000,000
                                                ---------------
Total other assets                                1,959,000,000
                                                ---------------
Total assets                                    $13,352,000,000
                                               ================

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
   Air traffic liability                         $1,859,000,000
   Accounts payable & other liabilities           1,371,000,000
   Current maturities of long-term debt
      & capital lease obligations                   103,000,000
                                                ---------------
Total current liabilities                         3,333,000,000

Long-term debt                                    1,437,000,000

Deferred Credits & other liabilities:
   Long-term pension & postretirement
      Health care benefits                          329,000,000
   Other                                            103,000,000
                                                ---------------
Total deferred credits & other liabilities          432,000,000

Liabilities Subject to Compromise                14,599,000,000

Preferred redeemable stock                          279,000,000

Common Stockholders' Equity (Deficit)
   Common stock                                       1,000,000
   Additional paid-in capital                     1,501,000,000
   Accumulated deficit                           (5,652,000,000)
   Accumulated other comprehensive
      income (loss)                              (1,565,000,000)
   Treasury stock                                (1,013,000,000)
                                                ---------------
Total common stockholders' equity (deficit)      (6,728,000,000)
                                                ---------------
Total Liabilities &
   Stockholders' Equity (deficit)               $13,352,000,000
                                               ================


                 Northwest Airlines Corporation
   Unaudited Condensed Consolidated Statements of Operations
                 For Month Ended March 31, 2006

Operating Revenues
   Passenger                                       $802,000,000
   Regional carrier revenues                        131,000,000
   Cargo                                             85,000,000
   Other                                             93,000,000
                                                ---------------
   Total Operating Revenues                       1,111,000,000

Operating Expenses
   Salaries, wages, and benefits                    239,000,000
   Aircraft fuel and taxes                          270,000,000
   Selling and marketing                             67,000,000
   Aircraft maintenance materials and repair         71,000,000
   Other rentals and landing fees                    50,000,000
   Depreciation and amortization                     44,000,000
   Aircraft rentals                                  22,000,000
   Regional carrier expenses                        128,000,000
   Other                                            140,000,000
                                                ---------------
   Total Operating Expenses                       1,031,000,000

Operating Income (Loss)                              80,000,000

Other Income (Expense)
   Interest expense, net                            (51,000,000)
   Investment income                                  6,000,000
   Reorganization items, net                       (265,000,000)
   Other, net                                         4,000,000
                                                ---------------
   Total other income (expense)                    (306,000,000)
                                                ---------------
Income (Loss) Before Income Taxes                  (226,000,000)

   Income tax expense (benefit)                              --
                                                ---------------
Net Income (Loss)                                 ($226,000,000)
                                                 ==============


                 Northwest Airlines Corporation
   Unaudited Condensed Consolidated Statements of Cash Flows
                 For Month Ended March 31, 2006

Cash Flows from Operating Activities:
   Net income (loss)                              ($226,000,000)
   Adjustments to reconcile net loss to net
      cash provided by (used in)
      operating activities:
      Depreciation and amortization                  44,000,000
      Pension and other postretirement benefit
         contributions less than expense             30,000,000
      Changes in certain assets & liabilities        50,000,000
      Long-term vendor deposits/holdbacks           (48,000,000)
      Reorganization items                          265,000,000
      Other, net                                     11,000,000
                                                ---------------
Net cash provided by operating activities           126,000,000

Cash Flows from Reorganization Activities:
   Net cash provided by (used in)
      reorganization activities                      (3,000,000)

Cash Flows from Investing Activities:
   Capital expenditures                             (25,000,000)
   Purchase of short-term investments               (18,000,000)
   Proceeds from sales of short term investment              --
   Decrease (increase) in restricted cash,
      cash equivalents & short-term investments     (61,000,000)
   Other                                                     --
                                                ---------------
Net cash provided by (used in) investing
   activities                                      (104,000,000)

Cash Flows from Financing Activities:
   Proceeds from long-term debt                              --
   Payments of long-term debt and capital
      lease obligations                            (111,000,000)
                                                ---------------
Net cash provided by (used in)
   financing activities                            (111,000,000)
                                                ---------------
Increase (Decrease) in Cash and
   Cash Equivalents                                 (92,000,000)

Cash & cash equivalents at beginning of period      769,000,000
                                                ---------------
Cash & cash equivalents at end of period           $677,000,000
                                                  =============

Northwest Airlines Corporation -- http://www.nwa.com/--  
is the world's fourth largest airline with hubs at Detroit,
Minneapolis/St. Paul, Memphis, Tokyo and Amsterdam, and
approximately 1,400 daily departures.  Northwest is a member
of SkyTeam, an airline alliance that offers customers one of
the world's most extensive global networks.  Northwest and its
travel partners serve more than 900 cities in excess of 160
countries on six continents.  The Company and 12 affiliates
filed for chapter 11 protection on Sept. 14, 2005 (Bankr.
S.D.N.Y. Lead Case No. 05-17930).  Bruce R. Zirinsky, Esq.,
and Gregory M. Petrick, Esq., at Cadwalader, Wickersham & Taft
LLP in New York, and Mark C. Ellenberg, Esq., at Cadwalader,
Wickersham & Taft LLP in Washington represent the Debtors in
their restructuring efforts.  The Official Committee of Unsecured
Creditors has retained Akin Gump Strauss Hauer & Feld LLP as its
bankruptcy counsel in the Debtors' chapter 11 cases.  When the
Debtors filed for protection from their creditors, they listed
$14.4 billion in total assets and $17.9 billion in total debts.
(Northwest Airlines Bankruptcy News, Issue No. 27; Bankruptcy
Creditors' Service, Inc., 215/945-7000).


NORTHWEST AIRLINES: Posts $295 Million Net Loss in April 2006
-------------------------------------------------------------

                 Northwest Airlines Corporation
        Unaudited Condensed Consolidated Balance Sheets
                      As of April 30, 2006

ASSETS

Current assets:
   Cash and cash equivalents                       $810,000,000
   Unrestricted short-term investments              595,000,000
   Restricted cash, cash equivalents &
      short-term investments                        591,000,000
   Accounts receivable, net                         713,000,000
   Flight equipment spare parts, net                127,000,000
   Prepaid expenses & other                         398,000,000
                                                ---------------
Total current assets                              3,234,000,000

Property and equipment:
   Flight equipment, net                          7,457,000,000
   Other property & equipment, net                  747,000,000
                                                ---------------
Total property & equipment                        8,204,000,000

Flight Equipment under capital leases, net           22,000,000

Other assets:
   Intangible pension asset                         363,000,000
   International routes                             634,000,000
   Investments in affiliated companies               43,000,000
   Other                                            940,000,000
                                                ---------------
Total other assets                                1,980,000,000
                                                ---------------
Total assets                                    $13,440,000,000
                                               ================

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
   Air traffic liability                         $1,888,000,000
   Accounts payable & other liabilities           1,479,000,000
   Current maturities of long-term debt
      & capital lease obligations                   104,000,000
                                                ---------------
Total current liabilities                         3,471,000,000

Long-term debt                                    1,438,000,000

Deferred Credits & other liabilities:
   Long-term pension & postretirement
      Health care benefits                          364,000,000
   Other                                             98,000,000
                                                ---------------
Total deferred credits & other liabilities          462,000,000

Liabilities Subject to Compromise                14,811,000,000

Preferred redeemable stock                          279,000,000

Common Stockholders' Equity (Deficit)
   Common stock                                       1,000,000
   Additional paid-in capital                     1,502,000,000
   Accumulated deficit                           (5,947,000,000)
   Accumulated other comprehensive
      income (loss)                              (1,564,000,000)
   Treasury stock                                (1,013,000,000)
                                                ---------------
Total common stockholders' equity (deficit)      (7,021,000,000)
                                                ---------------
Total Liabilities &
   Stockholders' Equity (deficit)               $13,440,000,000
                                               ================


                 Northwest Airlines Corporation
   Unaudited Condensed Consolidated Statements of Operations
                 For Month Ended April 30, 2006

Operating Revenues
   Passenger                                       $756,000,000
   Regional carrier revenues                        126,000,000
   Cargo                                             77,000,000
   Other                                             81,000,000
                                                ---------------
   Total Operating Revenues                       1,040,000,000

Operating Expenses
   Salaries, wages, and benefits                    220,000,000
   Aircraft fuel and taxes                          281,000,000
   Selling and marketing                             62,000,000
   Aircraft maintenance materials and repair         57,000,000
   Other rentals and landing fees                    49,000,000
   Depreciation and amortization                     45,000,000
   Aircraft rentals                                  18,000,000
   Regional carrier expenses                        122,000,000
   Other                                            133,000,000
                                                ---------------
   Total Operating Expenses                         987,000,000

Operating Income (Loss)                              53,000,000

Other Income (Expense)
   Interest expense, net                            (46,000,000)
   Investment income                                  6,000,000
   Reorganization items, net                       (309,000,000)
   Other, net                                         1,000,000
                                                ---------------
   Total other income (expense)                    (348,000,000)
                                                ---------------
Income (Loss) Before Income Taxes                  (295,000,000)

   Income tax expense (benefit)                              --
                                                ---------------
Net Income (Loss)                                 ($295,000,000)
                                                 ==============


                 Northwest Airlines Corporation
   Unaudited Condensed Consolidated Statement of Cash Flows
                 For Month Ended April 30, 2006

Cash Flows from Operating Activities:
   Net income (loss)                              ($295,000,000)
   Adjustments to reconcile net loss to net
      cash provided by (used in)
      operating activities:
      Depreciation and amortization                  45,000,000
      Pension and other postretirement benefit
         contributions less than expense             17,000,000
      Changes in certain assets & liabilities        59,000,000
      Long-term vendor deposits/holdbacks           (47,000,000)
      Reorganization items                          309,000,000
      Other, net                                     12,000,000
                                                ---------------
Net cash provided by operating activities           100,000,000

Cash Flows from Reorganization Activities:
   Net cash provided by (used in)
      reorganization activities                      23,000,000

Cash Flows from Investing Activities:
   Capital expenditures                             (26,000,000)
   Proceeds from sales of short term investment       9,000,000
   Decrease (increase) in restricted
      cash, cash equivalents &
      short-term investments                         61,000,000
                                                ---------------
Net cash provided by (used in) investing
   activities                                        44,000,000

Cash Flows from Financing Activities:
   Payments of long-term debt and capital
      lease obligations                             (34,000,000)
                                                ---------------
Net cash provided by (used in)
   financing activities                             (34,000,000)
                                                ---------------
Increase (Decrease) in Cash and
   Cash Equivalents                                 133,000,000

Cash & cash equivalents at beginning of period      677,000,000
                                                ---------------
Cash & cash equivalents at end of period           $810,000,000
                                                  =============

Northwest Airlines Corporation -- http://www.nwa.com/--  
is the world's fourth largest airline with hubs at Detroit,
Minneapolis/St. Paul, Memphis, Tokyo and Amsterdam, and
approximately 1,400 daily departures.  Northwest is a member
of SkyTeam, an airline alliance that offers customers one of
the world's most extensive global networks.  Northwest and its
travel partners serve more than 900 cities in excess of 160
countries on six continents.  The Company and 12 affiliates
filed for chapter 11 protection on Sept. 14, 2005 (Bankr.
S.D.N.Y. Lead Case No. 05-17930).  Bruce R. Zirinsky, Esq.,
and Gregory M. Petrick, Esq., at Cadwalader, Wickersham & Taft
LLP in New York, and Mark C. Ellenberg, Esq., at Cadwalader,
Wickersham & Taft LLP in Washington represent the Debtors in
their restructuring efforts.  The Official Committee of
Unsecured Creditors has retained Akin Gump Strauss Hauer &
Feld LLP as its bankruptcy counsel in the Debtors' chapter 11
cases.  When the Debtors filed for protection from their
creditors, they listed $14.4 billion in total assets and
$17.9 billion in total debts.  (Northwest Airlines Bankruptcy
News, Issue No. 28; Bankruptcy Creditors' Service, Inc.,
215/945-7000).


PERFORMANCE TRANSPORTATION: Files Operating Report for April 2006
-----------------------------------------------------------------
On May 30, 2006, Performance Transportation Services, Inc., and
its debtor-affiliates filed with the U.S. Bankruptcy Court for the
Western District of New York their Monthly Operating Statement for
the period April 1, 2006, to April 30, 2006.

The Operating Statements do not include a Balance Sheet or
Statement of Operations.  The Debtors, however, disclose a
$1,291,700 operating loss for the period.

A full-text copy of the Debtors' April 2006 Operating Statements
is available for free at:

               http://ResearchArchives.com/t/s?b21

                 Performance Logistics Group, Inc.
         In re. Leaseway Motorcar Transport Company, et al.,
                    U.S. Operations Cash Flow
                For the Month Ender April 30, 2006

Book balance:
   Opening book balance, 04/01/06                    $9,084,113
                                                    -----------

Receipts  
   Customers                                         20,999,114
   Miscellaneous receipts                               102,530
                                                    -----------
   Total receipts                                    21,101,644
                                                    -----------
  
Disbursements
   Payroll, payroll taxes & fringe benefits          13,923,241
   Insurance & cargo losses                           3,386,378
   Fuel                                               4,012,288
   Parts, tires, other operating supplies & expenses  2,841,152
   Licenses, permits & tolls                            433,294
   Tractor, trailer lease payments                       43,492
   Building, land, service vehicles and other rents     379,411
   Interest & bank fee payments                         362,511
   Income, franchise & property taxes                    36,273
   Bank term debt principal repayments                        0
   Misc/DIP Line (Draw) / Repayments                          0
   Capital expenditures                                   4,433
   Professional Fees                                    770,830
                                                    -----------
   Total Disbursements                               26,193,303
                                                    -----------
Closing Book Balance, End of Month                   $3,992,454
                                                    ===========

Headquartered in Wayne, Michigan, Performance Transportation
Services, Inc. -- http://www.pts-inc.biz/-- is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America.  The Company provides transit stability,
cargo damage elimination and proactive customer relations that are
second to none in the finished vehicle market segment.  The
company's chapter 11 case is administered jointly under Leaseway
Motorcar Transport Company.

Headquartered in Niagara Falls, New York, Leaseway Motorcar
Transport Company Debtor and 13 affiliates filed for chapter 11
protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Case No. 06-00107).
James A. Stempel, Esq., James W. Kapp, III, Esq., and Jocelyn A.
Hirsch, Esq., at Kirkland & Ellis, LLP, and Garry M. Graber, Esq.,
at Hodgson Russ LLP represent the Debtors in their restructuring
efforts.  David Neier, Esq., at Winston & Strawn LLP, represents
the Official Committee of Unsecured Creditors.  When the Debtors
filed for protection from their creditors, they estimated assets
between $10 million and $50 million and more than $100 million in
debts.  (Performance Bankruptcy News, Issue No. 9; Bankruptcy
Creditors' Service, Inc., 215/945-7000)


PLIANT CORPORATION: Posts $62.9 Million Net Loss in April 2006
--------------------------------------------------------------

                Pliant Corporation and Subsidiaries
                     Unaudited Balance Sheet
                      As of April 30, 2006

ASSETS
Current Assets:
   Cash and cash equivalents                        $24,988,000
   Receivables:
      Trade accounts                                133,279,000
      Allowance for doubtful accounts                (5,303,000)
      Other                                           4,951,000
   Inventories                                      100,328,000
   Prepaid expenses and other                         5,108,000
   Income taxes receivable                            1,009,000
   Deferred income taxes                             11,024,000
                                                 --------------
         Total current assets                       275,384,000

Plant and Equipment
   Gross asset value                                524,509,000
   Less accumulated depreciation                   (258,291,000)
                                                 --------------
      Plant and equipment -- net                    266,218,000

Goodwill -- Net (of Prev Amort)                     182,300,000
Intangible Assets, net                               14,088,000
Investment in Subsidiaries                          (39,270,000)
Other Assets                                         26,060,000
                                                 --------------
Total Assets                                       $724,780,000
                                                  =============

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
   Trade accounts payable                           $62,596,000
   Accrued liabilities:
      Customer rebates                                5,783,000
      Interest payable                               19,656,000
      Other                                          43,953,000
   Current Portion of long-term debt                538,788,000
   Due to affiliates                                (68,028,000)
   Deferred income taxes                                      0
   Income taxes payable                                       -
                                                 --------------
         Total current liabilities                  602,748,000

Long-Term Debt, net of current portion
   Revolving Credit Facility                                  -
   DIP Credit Facility                                        -
   Sr. Subordinated Bonds, 13%                                -
   Sr. Secured Notes, 11-1/8%                       250,000,000
   Sr. Secured Notes Discount Notes, 11-1/8%          7,293,000
   Sr. Secured Notes, 11-5/8%                       280,209,000
   Other                                              4,960,000
   Reclassification                                (538,788,000)
                                                 --------------
         Total long-term debt,
           net of current portion                     3,674,000

Loans from Affiliates                                         -
Other Liabilities                                    31,359,000
Deferred Income Taxes                                28,144,000
Shares Subject to Mandatory Redemption                        -
Liabilities Subject to Compromise                   770,987,000
                                                 --------------
         Total Liabilities                        1,436,912,000
                                                 --------------
Commitments and Contingencies:
   Restricted Common Stock,
     net of shareholder loans                         6,645,000
   Redeemable Series B Preferred Stock                  102,000

Stockholders' Equity
   Common stock                                     104,983,000
   Additional Paid-in capital                        19,305,000
   Warrants                                          39,133,000
   Retained earnings                               (865,824,000)
   Stockholders' notes receivable                      (660,000)
   Other Comprehensive Income                       (15,816,000)
                                                 --------------
      Total Stockholders' Equity                   (718,879,000)
                                                 --------------
Total Liabilities and Stockholders' Equity         $724,780,000
                                                  =============


                Pliant Corporation and Subsidiaries
          Unaudited Consolidated Statement of Operations
                For the month ended April 30, 2006

Net Sales                                          $375,098,000
Cost of Sales                                       330,691,000
                                                 --------------
   Gross Profit                                      44,407,000

Operating Expenses:
   Sales, General and Administrative                 22,072,000
   Research and Development                           3,008,000
   Restructuring and Other Costs                     56,151,000
                                                 --------------
      Total operating expenses                       81,231,000
                                                 --------------
Operating Income                                    (36,824,000)
Interest (Expense)                                   25,258,000
Other Income (Expense) -- Net                           (63,000)
Equity in Earnings of Subs                             (198,000)
                                                 --------------
   Income Before Income Taxes                       (61,821,000)
                                                 --------------
Income Tax Expense (Benefit)                          1,129,000
                                                 --------------
Net Income Before Discontinued Operations           (62,950,000)
   Discontinued Operations                                    -
                                                 --------------
Net Income                                         ($62,950,000)
                                                  =============


                Pliant Corporation and Subsidiaries
           Schedule of Cash Receipts and Disbursements
                For the month ended April 30, 2006

Receipts
      Total receipts                               $375,098,000
                                                 --------------
Disbursements
   Payroll                                           41,566,000
   Payroll benefits and taxes                         7,335,000
   Raw material                                     233,751,000
   Freight                                           12,987,000
   Packaging                                         11,782,000
   Utilities                                          8,159,000
   Other direct costs                                 4,177,000
   Administration and Selling                        12,364,000
   Other fixed costs                                 11,988,000
                                                 --------------
      Total disbursements                           344,108,000
                                                 --------------
      Cash from operating activities                 30,990,000

Working capital changes
   Working capital and other requirements               735,000

Capital expenditures and interest
   Capital expenditures                              (9,663,000)
   Repayment of capital leases                                -
   Cash interest                                         23,000
   Income Taxes                                          70,000
   Professional fees                                 (1,401,000)
   U.S. Trustee Fees                                          -
   Court costs                                                -
                                                 --------------
Net cash flow                                       $19,284,000
                                                 --------------

Cash Beginning of Year                               $6,910,000
   Net cash flow                                     19,284,000
   Intercompany transfer                             (1,205,000
                                                 --------------
Cash End of Month                                   $24,988,000
                                                   ============

Headquartered in Schaumburg, Illinois, Pliant Corporation --
http://www.pliantcorp.com/-- produces value-added film and
flexible packaging products for personal care, medical, food,
industrial and agricultural markets.  The Debtor and 10 of its
affiliates filed for chapter 11 protection on Jan. 3, 2006
(Bankr. D. Del. Lead Case No. 06-10001).  James F. Conlan, Esq.,
at Sidley Austin LLP, and Edmon L. Morton, Esq., and Robert S.
Brady, Esq., at Young, Conaway, Stargatt & Taylor, represent the
Debtors in their restructuring efforts.  The Debtors tapped
McMillan Binch Mendelsohn LLP, as their Canadian bankruptcy
counsel.   The Ontario Superior Court of Justice named RSM
Richter, Inc., as the Debtors' information officer in their
restructuring proceeding under Companies Creditors Arrangement Act
in Canada.  Kenneth A. Rosen, Esq., at Lowenstein Sandler, P.C.,
serves as counsel to the Official Committee of Unsecured
Creditors.  Don A. Beskrone, Esq., at Ashby & Geddes, P.A., is
local counsel to the Creditors' Committee.  As of Sept. 30, 2005,
the company had $604,275,000 in total assets and $1,197,438,000 in
total debts.  (Pliant Bankruptcy News, Issue No. 15;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


SAINT VINCENTS: Files Monthly Operating Report for April 2006
-------------------------------------------------------------

                          SVCMC Debtors
              Unaudited Consolidated Balance Sheet
                       As of April 30, 2006

ASSETS
Cash & Cash Equivalents                             $36,177,085
Investments                                                   -
Patients Accounts Receivable, less allowance for
   doubtful accounts                                163,514,072
Accounts Receivable                                  33,541,218
Other Current Assets                                 72,178,230
                                                 --------------
   Total Current Assets                             305,410,605

Depreciation Reserve Funds & Collaterized Assets     18,399,925
Assets Designated for Self-Insurance
   Investments at Market                             45,249,051
Assets whose use is limited -
   Investments at Market                             54,069,395
Other Non-Current Assets                             17,179,900

Land, Buildings & Equipment, net of
   Accumulated Depreciation                         275,103,605
                                                 --------------
    Total Assets                                   $715,412,481
                                                  =============

LIABILITIES AND NET ASSETS
Liabilities Subject to Compromise:
   HFG Loan                                                   -
   Accounts Payable & Accrued Expenses             $234,975,020
   Estimated Retroactive Payables to
      Third Parties, net                             69,144,457
   Long-term Debt                                   128,669,089
   Long-term Debt, excluding current installments             -
   Estimated Liability for Self-Insurance           256,007,789
                                                 --------------
   Total Liabilities Subject to Compromise          688,796,355

Liabilities Not Subject to Compromise:
   Accrued Salaries & Payroll Taxes Withheld         47,420,017
   Accounts Payables & Accrued Expenses             108,567,813
   Long-term Debt (GE)                              169,000,000
                                                 --------------
   Total Liabilities                              1,013,784,185

Net Assets:
   Unrestricted                                    (359,216,710)
   Temporarily Restricted                            36,243,423
   Permanently Restricted                            24,601,583
                                                 --------------
   Total Net Assets                                (298,371,704)
                                                 --------------
   Total Liabilities & Net Assets                  $715,412,481
                                                  =============

                          SVCMC Debtors
             Unaudited Consolidated Income Statement
                  From April 1 to April 30, 2006

Operating Revenue
   Inpatient                                        $56,845,669
   Outpatient                                        29,014,231
                                                 --------------
      Patient Service Revenue                        85,859,900
                                                 --------------
   Less Provision for Bad Debt                        6,326,497
                                                 --------------
      Net Patient Service Revenue                    79,533,403
                                                 --------------
   Pool Revenue                                       3,897,396
   Capitation                                         6,981,206
   Other                                             10,094,114
                                                 --------------
   Total Operating Revenue                          100,506,119

Operating Expenses:
   Salaries and Wages                                45,531,147
   Fringe Benefits                                   13,376,797
   Supplies and Other                                32,584,404
   Insurance                                          4,240,313
                                                 --------------
   Total Direct Operating Costs                      95,732,661

   Salaries and Wages                                 2,596,331
   Fringe Benefits                                      770,675
   Supplies and Other                                 5,718,654
                                                 --------------
   Total Corporate Allocated                          9,085,660
                                                 --------------
   Total Operating Expense                          104,818,321
                                                 --------------
Interest                                              2,002,908
Depreciation                                          3,606,773
                                                 --------------
   Operating Gain (Loss) Before
      Non-Recurring and/or Unusual Items             (9,921,883)

Non-Recurring and/or Unusual Items:
   Discontinued Operations (St. Mary's)                       -
   St. Mary's Op Pac Rate Adjustment                          -
   ZBEC/HFE Recoveries                                        -
   Restructuring & Bankruptcy Related Costs          (3,211,717)
   Estimated Close-out of St. Mary's                          -
   Hanys Investment Income (SFS INS)                          -
   Prior Period Ambulance Revenue                             -
   Transfer of Equity Foundation                              -
                                                 --------------
   Total Non-Recurring and/or Unusual Items          (3,211,717)
                                                 --------------
   Operating Gain (Loss) After
      Non-Recurring and/or Unusual Items            (13,133,600)
                                                 --------------
Non-Operating Revenue                                   104,724
Change in Temporary Restricted Net Assets               767,117
                                                 --------------
   Change in Net Assets                            ($12,261,759)
                                                 --------------
   EBITDA                                           ($4,312,202)
                                                   ============

                          SVCMC Debtors
                Unaudited Statement of Cash Flows
                 From April 1 to April 30, 2006

Cash Flows from Operation Activities:
   Changes in Net Assets                           ($12,261,759)

Adjustments to Reconcile Changes in Net Assets
   to Net Cash Provided by Operating Activities:
   Depreciation & Amortization                        3,606,773
   Gain on Refinancing                                        -
   Change in Unrealized Gains & Losses                  831,401
   Change in Patient's Accounts Receivable            1,365,047
   Change in Accounts Receivables, Other              3,690,849
   Change in Prepaid Expenses & Other                (1,740,805)
   Change in Other Non-Current Assets                    53,401
   Change in Accounts Payable &
      Accrued Exp-Prepetition                                 -
   Change in Accounts Payable &
      Accrued Exp-Postpetition                        7,882,681
   Change in Accrued Salaries & P/R Taxes            (4,213,063)
   Change in Est. Retro rec/pay
      from/to third parties                           1,428,178
   Change in Est. Liability for self-insurance                -
   Change in Other Non-Current Liabilities            1,817,405
                                                 --------------
   Net Cash Provided by Operating Activities          2,460,108

Cash flows From Investment Activities:
   Sale of Investments, Net                              (3,156)
   Sale of Assets Whose Use is Limited                 (698,014)
   Acquisition/Sale of Land, Building,
      & Equipment                                    (1,271,654)
                                                 --------------
   Net Cash Provided by Investing Activities         (1,972,824)

Cash flows From Financing Activities:
   Proceeds/Repayment From/of Working Capital Loan            -
   Proceed from issuance of Long-term debt                    -
   Repayment of Long-term debt                         (503,921)
                                                 --------------
   Net Cash (Used) in Financing Activities             (503,921)

   Net Increase (Decrease)
      in Cash & Cash Equivalents                        (16,637)

   Cash & Cash Equivalents at Beginning of Month     36,193,722
                                                 --------------
   Cash & Cash Equivalents at End of the Month      $36,177,085
                                                   ============

Headquartered in New York, New York, Saint Vincents Catholic
Medical Centers of New York -- http://www.svcmc.org/-- the    
largest Catholic healthcare providers in New York State, operate
hospitals, health centers, nursing homes and a home health agency.
The hospital group consists of seven hospitals located throughout
Brooklyn, Queens, Manhattan, and Staten Island, along with four
nursing homes and a home health care agency.  The Company and six
of its affiliates filed for chapter 11 protection on July 5, 2005
(Bankr. S.D.N.Y. Case No. 05-14945 through 05-14951).  Gary
Ravert, Esq., and Stephen B. Selbst, Esq., at McDermott Will &
Emery, LLP, filed the Debtors' chapter 11 cases.  On Sept. 12,
2005, John J. Rapisardi, Esq., at Weil, Gotshal & Manges LLP took
over representing the Debtors in their restructuring efforts.
Martin G. Bunin, Esq., at Thelen Reid & Priest LLP, represents the
Official Committee of Unsecured Creditors.  As of Apr. 30, 2005,
the Debtors listed $972 million in total assets and $1 billion in
total debts.  (Saint Vincent Bankruptcy News, Issue No. 27;
Bankruptcy Creditors' Service, Inc., 215/945-7000)


THAXTON GROUP: Posts $226,432 Cumulative Net Loss in March 2006
---------------------------------------------------------------
The Thaxton Group filed its monthly operating report for the month
of March 2006 with the U.S. Bankruptcy Court for the District of
Delaware.

The company reported a cumulative net loss of $226,432 on
$4,901,195 of revenue for the period from Oct. 17, 2003 thru
March 31, 2006.

At March 31, 2006, the Company's balance sheet reflects:

          Total Assets                     $98,980,741
          Total Liabilities               $177,189,734
          Stockholders' Equity (Deficit)  ($78,208,993)

A full-text copy of Thaxton Group's March 2006 Monthly
Operating Report is available for free at:

               http://ResearchArchives.com/t/s?b0d

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).  Daniel B. Butz, Esq.,
Michael G. Busenkell, Esq., and Robert J. Dehney, Esq., at
Morris, Nichols, Arsht & Tunnell, represent the Debtors in their
restructuring efforts.  Alan Kolod, Esq., at Moses & Singer LLP,
represents the Offical Committee of Unsecured Creditors.  As of
Dec. 31, 2005, the Debtors reported assets totaling $98,889,297
and debts totaling $175,693,613.


THAXTON GROUP: Earns $132,623 for the Month of April 2006
---------------------------------------------------------
The Thaxton Group filed its monthly operating report for the month
of April 2006 with the U.S. Bankruptcy Court for the District of
Delaware.

The company reported a cumulative net income of $132,623 on
$4,665,408 of revenue for the period from Oct. 17, 2003 thru
April 30, 2006.

At April 30, 2006, the Company's balance sheet reflects:

          Total Assets                     $99,849,159
          Total Liabilities               $177,925,529
          Stockholders' Equity (Deficit)  ($78,076,370)

A full-text copy of Thaxton Group's April 2006 Monthly
Operating Report is available for free at:

               http://ResearchArchives.com/t/s?b0f

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).  Daniel B. Butz, Esq.,
Michael G. Busenkell, Esq., and Robert J. Dehney, Esq., at
Morris, Nichols, Arsht & Tunnell, represent the Debtors in their
restructuring efforts.  Alan Kolod, Esq., at Moses & Singer LLP,
represents the Offical Committee of Unsecured Creditors.  As of
Dec. 31, 2005, the Debtors reported assets totaling $98,889,297
and debts totaling $175,693,613.


TOWER AUTOMOTIVE: Posts $13.4 Million Net Loss in April 2006
------------------------------------------------------------

             Tower Automotive, Inc., and Subsidiaries
              Unaudited Consolidated Balance Sheet
                      As of April 30, 2006
                         (In Thousands)

CURRENT ASSETS:
    Cash and cash equivalents                           $65,025
    Accounts receivable                                 191,226
    Inventories                                          67,478
    Prepaid tooling and other                            24,971
                                                     ----------
       TOTAL CURRENT ASSETS                             348,700
                                                     ----------

    Property, plant and equipment, net                  522,161
    Investment in joint ventures                              -
    Investment in subsidiaries                          753,463
    Inter-company receivables                                 -
    Other assets, net                                    54,841
                                                     ----------
       TOTAL ASSETS                                  $1,679,165
                                                    ===========

CURRENT LIABILITIES NOT SUBJECT TO COMPRISE:
    Current maturities of long-term debt                $14,257
    Current maturities of DIP borrowings                621,000
    Accounts payable                                    134,635
    Accrued liabilities                                 141,401
                                                     ----------
       TOTAL CURENT LIABILITIES                         911,293
                                                     ----------
    Liabilities subject to comprise                   1,147,023

    Non-Current Liabilities Not Subject to Compromise:

       Long-term debt, net of current maturities         84,751
       DIP borrowings, net of current maturities              -
       Other non-current liabilities                    137,032
                                                     ----------
       TOTAL LIABILITIES                              2,280,099

       STOCKHOLDERS' DEFICIT                           (600,934)
                                                     ----------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT          $1,679,165
                                                    ===========


             Tower Automotive, Inc., and Subsidiaries
               Unaudited Statement of Operations
                       April 1 to 30, 2006
                          (In Thousands)

Revenues                                               $127,054
Cost of sales                                           123,225
                                                     ----------
Gross profit                                              3,829

Selling, general and administrative expenses              5,651
Restructuring and asset impairment charges, net              (2)
                                                     ----------
Operating income (loss)                                  (1,820)

Interest expense                                          6,469
Interest income                                          (2,311)
Other income                                               (275)
Chapter 11 and related reorganization items               7,553
                                                     ----------
Income (loss) before provision for income taxes,
    equity in earnings of joint ventures, and
    minority interest                                   (13,256)

Provision (benefit) for income taxes                        268
                                                     ----------
Income (loss) before equity in earnings                 (13,524)

Equity in earnings of joint ventures, net of tax             49
                                                     ----------
NET INCOME/(LOSS)                                      ($13,475)
                                                      =========


            Tower Automotive, Inc., and Subsidiaries
               Unaudited Statement of Cash Flows
                       April 1 to 30, 2006
                         (In Thousands)

OPERATING ACTIVITIES:
    Net loss                                           ($13,475)
    Adjustments required to reconcile net loss to net
     Cash provided by (used in) operating activities:

       Chapter 11 & related reorganization items, net     1,686
       Restructuring and asset impairment, net              356
       Depreciation                                       8,038
       Equity in earnings of joint ventures, net            (49)
       Change in working capital and operating items      7,752
                                                     ----------
       Net cash provided by operating activities          4,308

INVESTING ACTIVITIES:
    Cash disbursed for purchase of property, plant
     and equipment                                         (349)
                                                     ----------
       Net cash used for investing activities              (349)

FINANCING ACTIVITIES:
Proceeds from non-DIP borrowings                              -
Repayments of non-DIP borrowings                             (1)
Borrowings from DIP credit facility                      37,500
Repayments of borrowings from DIP credit facility       (28,500)
                                                     ----------
       Net cash provided by financing activities          8,999
                                                     ----------
Net change in cash and cash equivalents                  12,958
Cash and Cash Equivalents, beginning of period           52,067
                                                     ----------
Cash and Cash Equivalents, end of period                $65,025
                                                       ========

Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo.  Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components.  The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601).  James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts.  Ira S. Dizengoff, Esq., at Akin Gump
Strauss Hauer & Feld LLP, represents the Official Committee of
Unsecured Creditors.  When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts.  (Tower Automotive Bankruptcy News,
Issue No. 35; Bankruptcy Creditors' Service, Inc., 215/945-7000).


USG CORPORATION: Earns $48.2 Million for the Month of April 2006
----------------------------------------------------------------

USG Corporation, et al.
Consolidated Balance Sheet                          30-Apr-2006
                         
Assets:
Cash and cash equivalents                          $957,719,000
Marketable Securities                               221,515,000
Restricted Cash                                      93,090,000
Receivables                                         530,432,000
Inventories                                         299,731,000
Income taxes receivable                               5,618,000
Deferred income taxes                                30,410,000
Other current assets                                137,522,000
                                                ---------------
Total current assets                              2,276,037,000

Property, plant and equipment, net                1,671,252,000
Deferred income taxes                             1,622,828,000
Goodwill                                            104,931,000
Other assets                                        432,624,000
                                                ---------------
Total Assets                                     $6,107,672,000
                                                ===============

Liabilities and Stockholders' Equity:
Accounts payable                                   $283,350,000
Accrued expenses                                    198,760,000
Taxes on income                                     166,357,000
                                                ---------------
Total current liabilities                           648,467,000

Other liabilities                                   450,517,000
Liabilities subject to compromise                 5,830,693,000

Stockholders' Equity:
Common stock                                          4,998,000
Treasury stock                                     (212,961,000)
Capital received in excess of par value             149,151,000
Accumulated other comprehensive income/(loss)        (6,348,000)
Retained earnings                                  (756,845,000)
                                                ---------------
Total stockholders' equity                         (822,005,000)
                                                ---------------
Total Liabilities and Stockholders' Equity       $6,107,672,000
                                                ===============


USG Corporation, et al.                            Month Ending
Consolidated Income Statement                       30-Apr-2006
   
Net sales                                          $440,614,000

Cost of products sold                               332,264,000
Selling and administrative expenses                  26,537,000
Chapter 11 reorganization expenses                   (1,234,000)
Interest expense                                        441,000
Interest income                                        (149,000)
Other (income)/expense, net                            (419,000)
                                                ---------------
Earnings (loss) before income taxes                 $83,174,000

Income taxes (benefit)                               34,745,000
                                                ---------------
Net Earnings (loss)                                 $48,429,000
                                                   ============

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., Gus
Kallergis, Esq., Brad B. Erens, Esq., Michelle M. Harner, Esq.,
Mark A. Cody, Esq., and Daniel B. Prieto, Esq., at Jones Day
represent the Debtors in their restructuring efforts.

Lewis Kruger, Esq., Kenneth Pasquale, Esq., and Denise Wildes,
Esq., represent the Official Committee of Unsecured Creditors.
Elihu Inselbuch, Esq., and peter Van N. Lockwood, Esq., at Caplin
& Drysdale, Chartered, represent the Official Committee of
Asbestos Personal Injury Claimants.  Martin J. Bienenstock, Esq.,
Judy G. Z. Liu, Esq., Ralph I. Miller, Esq., and David A.
Hickerson, Esq., at Weil Gotshal & Manges LLP 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.  Scott Baena, Esq., and Jay
Sakalo, Esq., at Bilzen Sumberg Baena Price & Axelrod LLP,
represent the Asbestos Property Damage Claimants Committee.

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. 112; 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
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On Thursdays, the TCR delivers a list of recently filed chapter 11
cases involving less than $1,000,000 in assets and liabilities
delivered to nation's bankruptcy courts.  The list includes links
to freely downloadable images of these small-dollar petitions in
Acrobat PDF format.

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, Joel Anthony
Lopez, Emi Rose S.R. Parcon, Rizande B. Delos Santos, Cherry A.
Soriano-Baaclo, 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.

This material is copyrighted and any commercial use, resale or
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The TCR subscription rate is $725 for 6 months delivered via e-
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