TCR_Public/061014.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, October 14, 2006, Vol. 10, No. 245

                             Headlines

ACCEPTANCE INSURANCE: Posts $53,059 Net Loss for September 2006
CATHOLIC CHURCH: Davenport Files Schedules of Assets and Debts
CATHOLIC CHURCH: Portland Files Operating Report for June 2006
CATHOLIC CHURCH: Portland Files Operating Report for July 2006
CATHOLIC CHURCH: Portland Files August 2006 Monthly Report

CATHOLIC CHURCH: Spokane Files August 2006 Operating Report
COMPLETE RETREATS: Files Schedules of Assets and Liabilities
COMPLETE RETREATS: Distinctive Files Schedules of Assets and Debts
COMPLETE RETREATS: DR Abaco Files Schedule of Assets & Liabilities
COMPLETE RETREATS: Legendary Files Schedules of Assets and Debts

COMPLETE RETREATS: Preferred Files Schedules of Assets and Debts
COMPLETE RETREATS: Private Belize Files Assets and Debts Schedules
COMPLETE RETREATS: T&H Villas Files Schedules of Assets and Debts
COMPLETE RETREATS: Telluride Files Schedules Assets and Debts
COMPLETE RETREATS: Town Clubs Files Schedules of Assets and Debts

COMPLETE RETREATS: 24 Debtors File Schedules of Assets and Debts
COMPLETE RETREATS: 25 Debtors File Schedules of Assets and Debts
COMPLETE RETREATS: Files August 2006 Monthly Operating Report
COMPLETE RETREATS: Distinctive Files August 2006 Operating Report
COMPLETE RETREATS: Legendary Files August 2006 Operating Report

COMPLETE RETREATS: Preferred Files August 2006 Operating Report
COMPLETE RETREATS: Private Files August 2006 Operating Report
COMPLETE RETREATS: Private Nevis Files Schedules of Assets & Debts
COMPLETE RETREATS: 54 Debtors File Statements of Financial Affairs
DELTA AIR: Incurs $11 Million Net Loss in August 2006

MERIDIAN AUTOMOTIVE: Posts $13.3 Million Net Loss for August 2006
SAINT VINCENTS: Files August 2006 Monthly Operating Report
SOLUTIA INC: Earns $1 Million in August 2006
SONICBLUE INC: Files August 2006 Monthly Operating Report
THAXTON GROUP: Posts $5,382,467 Net Loss for August 2006

TOWER AUTO: Posts $16.8 Million Net Loss in August 2006

                             *********

ACCEPTANCE INSURANCE: Posts $53,059 Net Loss for September 2006
---------------------------------------------------------------
Acceptance Insurance Companies, Inc., filed its filed its monthly
operating report for Sept. 2006 with the United States Bankruptcy
Court for the District of Nebraska on Oct. 10, 2006.

The Debtor reported a net loss of $53,059 from revenue of $8,436,
for the month ended Sept. 30, 2006.  Net loss for the month ended
Aug. 31 was $184,587.

At Sept. 30, 2006, Acceptance Insurance Companies Inc.'s balance
sheet showed:

        Total Current Assets                   $2,031,229
        Total Assets                          $32,362,212
        Total Liabilities                    $138,194,587
        Total Shareholders' Deficit          $105,832,375

A full-text copy of Acceptance Insurance Companies Inc.'s June
2006 Monthly Operating Report is available at no charge at
http://ResearchArchives.com/t/s?136d

Headquartered in Council Bluffs, Iowa, Acceptance Insurance
Companies Inc. -- http://www.aicins.com/-- owns, either directly  
or indirectly, several companies, one of which is an insurance
company that accounts for substantially all of the business
operations and assets of the corporate groups.  The Company filed
for chapter 11 protection on Jan. 7, 2005 (Bankr. D. Nebr. Case
No. 05-80059).  The Debtor's affiliates -- Acceptance Insurance
Services, Inc., and American Agrisurance, Inc. -- filed separate
chapter 7 petitions (Bankr. D. Nebr. Case Nos. 05-80056 and
05-80058) on Jan. 7, 2005.  John J. Jolley, Esq., at Kutak Rock
LLP, represents the Debtor in its restructuring efforts.  When the
Debtor filed for protection from its creditors, it listed
$33,069,446 in total assets and $137,120,541 in total debts.


CATHOLIC CHURCH: Davenport Files Schedules of Assets and Debts
--------------------------------------------------------------

A.    Real Property
         St. Vincent's Pastoral Center                  Unknown
         26 Acre Farm in Davenport                      Unknown
         Duplex building at Scott Street, Davenport     Unknown
         House at 803 E 39th Street, Davenport          Unknown

B.    Personal Property
B.1   Cash on hand
         Petty Cash                                          97
B.2   Bank Accounts at Quad City Bank & Trust
         Diocese Repurchase Account                           0
         General Fund                                       236
         Massion Fund Account                                 0
         Employee Flex Spending Account                     963
         Insurance Fund                                   4,800
         Health Insurance Fund                           14,947
         Project Renewal Account                              0
         Rachels Hope Account                                 0
B.4   Household goods and furnishings                   Unknown
B.7   Furs and jewelry                                  Unknown
B.8   Hobby equipment                                   Unknown
B.9   Interests in insurance policies
         Guide One Property Ins. Policy No.1200170      Unknown
         Guide One Auto Policy No. 1711774              Unknown
         Mount Vernon Fire Ins. Policy No. CL2261852    Unknown
         Philadelphia Indemnity, Policy PHSDO58731      Unknown
         Guide One Policy No. 01200169C                 Unknown
         Guide One (Umbrella) Policy No. 1189707        Unknown
         National Casualty Co. Policy No. LS022899      Unknown
         Liability Insurance Policies                   Unknown
         Aetna Property and Casualty                    Unknown
         Liability and Excess policies                  Unknown
         Excess/Umbrella Liability Policies             Unknown
         The St. Paul Insurance Company (Excess)        Unknown
         Possible insurance coverage for tort claims    Unknown
         Catholic Mutual (Excess)                       Unknown
         Possible insurance coverage for tort claims    Unknown
         Principal Financial Group                      Unknown
         Marsh Advantage America Dental                 Unknown
B.12  Interests in pension plans
         TIAACREF Employee 401K Account                       0
         Principal Financial Group                            0
B.16  Accounts receivable
         Advances to Clergy                              17,461
         Advances to Seminarian Students                  6,301
         Gifts receivable from various Parishes          40,436
         Marriage Tribunal Receivables                    6,620
         Employee Advances                                1,868
         Health insurance due from retirees                 150
         Project renewal payroll receivable               3,256
         Catholic Schools Area IX receivable              7,176
         Parish receivables                                 793
B.25  Automobiles and other vehicles
         1985 Chevy 1 ton truck & snow plow             Unknown
         1989 Chevy Corsica                             Unknown
         2000 Ford Taurus                               Unknown
         1994 Pontiac Grand Am                          Unknown
         1991 Chevy S10                                 Unknown
         2006 Chevy Silverado                           Unknown
         2004 Saturn Vue                                Unknown
B.28  Office equipment, furnishings
B.35  Other personal property
         Kingdom Co.-Pooled Investment Account        4,337,988
         US Bank Trust Woltering Trust                        0
         Ritzinger Estate Gift                                0
         Massion Estate Gift                                  0
         Prepaid insurance expense                       15,000
         Bishops Education Fund                               0
         DeAutremont Trust                                    0
         Various gifts for Masses from Decedents              0
         Volunteer Program for Latin America                  0
         Attorney's retainer to Lane & Waterman LLP      34,718
         Restricted funds received for Diocese use            0

      TOTAL SCHEDULED ASSETS                         $4,492,809
                                                    ===========

C.    Property Claimed as Exempt                 Not applicable

D.    Creditors Holding Secured Claims                        0

E.    Creditors Holding Unsecured Priority Claims
         37 Diocese Employees -- personal services       40,785
         Internal Revenue Service                         8,038
         Iowa Department of Revenue                       1,127

F.    Creditors Holding Unsecured Non Priority Claims
         Diocese Employees -- accrued vacations          70,489
         Michl Uhde -- Court verdict                  1,530,000
         Quad City Bank and Trust                             -
         Sexual Abuse Victims                           Unknown

      TOTAL SCHEDULED LIABILITIES                    $1,650,439
                                                    ===========

The Roman Catholic Church of the Diocese of Davenport was erected
in 1881, covers 22 counties in southeast Iowa and has more than
105,000 parishioners in 84 parishes.  The Diocese of Davenport is
the fourth diocese in the nation to seek for bankruptcy protection
to deal with priest sex abuse cases.  The Diocese of Davenport
filed for chapter 11 protection (Bankr. S.D. Iowa Case No.
06-02229) on Oct. 10, 2006.  Richard A. Davidson, Esq., at Lane &
Waterman LLP, represents the Davenport Diocese in its
restructuring efforts.  When the Debtor filed for protection from
its creditors, it listed $4,492,809 in total assets and $1,650,439
in total debts.  (Catholic Church Bankruptcy News, Issue No. 71;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


CATHOLIC CHURCH: Portland Files Operating Report for June 2006
--------------------------------------------------------------
The Archdiocese of Portland in Oregon delivers to the United
States Bankruptcy Court for the District of Oregon an amended
operating report for June 2006 to reflect certain adjustments for
the fiscal year end.  

Leonard Vuylsteke, the Archdiocese's Director of Financial
Services, says the balance sheet may still change once an actual
year-end independent audit is performed and any resulting
adjustments, if any, are done.  

Financial statements at June 30, 2005, and at June 30, 2004, have
also been adjusted for the fiscal year end.  "Although
unanticipated, some balances may require adjustments once our
2003-2004 year-end independent audit is completed," Mr. Vuylsteke
says.

Mr. Vuylsteke explains that with respect to the Archdiocese's
June 2006 Balance Sheet:

    (1) Cash increased in June due to a year-end adjustment to
        reclassify the cash portion of long-term investments from
        "investments" to "cash";

    (2) Accounts Receivable decreased in June as parishes or
        schools continue to make payment on the annual insurance
        premium billing and the quarterly priest retirement
        billing;

    (3) Notes, Estates and Other Receivables increased in June
        due to the:

        * year-end accrual of estates receivable;

        * accrual of the annual Oregon Catholic Press
          contribution; and

        * accrual of the experience rebate due from Blue Cross;

    (4) Deposits and Prepaid Expenses increased due to the
        prepayment of July health benefits insurance in June;

    (5) Investments decreased in June due to a year-end
        adjustment to reclassify the cash portion of long-term
        investments from "investments" to "cash";

    (6) Land, Building and Equipment decreased in June due to
        posting of annual depreciation expense;

    (7) Property Sale Proceeds for the benefit of six parishes
        are included in the Postpetition Short-Term Investments
        Payable balance in June:

        Parish                                 Sale Proceeds
        ------                                 -------------
        Sacred Heart Church in Portland          $515,514
        St. Cecelia Church in Beaverton            17,999
        St. Frederic Church in St. Helens         180,744
        St. Mary Church in Vermonia                17,999
        St. Michael Church in Sandy               114,072

    (8) Postpetition Accounts Payable increased in June due to
        accruals of year-end accounts payable;

    (9) Postpetition Accrued Liabilities decreased in June due to
        a year-end adjustment to recognize the deferred revenue
        received for the 2006 Archbishop's Catholic Appeal; and

   (10) Decrease in Postpetition Second Collections Payable in
        June due to the payment of the Bishops Annual Overseas
        Appeal, Catholic Communications and the Campaign for
        Human Development second collections.

With respect to the Archdiocese's 2006 Income Statement,
Mr. Vuylsteke says:

   (a) the Annual Catholic Appeal income increased in June due to
       the annual year-end adjustment to recognize deferred
       revenue received for the 2006 Archbishop's Catholic Appeal
       from February through June;

   (b) Contributions, Gifts, Annuities & Bequests is up in June
       due to the year-end accrual of estates receivable;

   (c) Interest and Realized Gains are down in June, which is
       determined by cash holdings and sales of securities by
       investment managers;

   (d) Unrealized Gains increased based on June market activity;

   (e) Insurance Premiums is negative in June due to the year-
       end accrual premium discount earned by parishes and
       schools from prompt of premium throughout the year;

   (f) Other Income is up in June due to proceeds received from
       the distribution of ownership interest in Portland Campus
       Christian Ministry and the year-end accrual of experience
       rebate from Blue Cross;

   (g) Deposit and Loan Interest are up in June due to computer
       reserve application;

   (h) Insurance Program Expenses remain high in June due to
       monthly legal fees, the year-end accrual of legal fees and
       the reclassification of BMC expenses.  The BMC Group,
       Inc., is the Archdiocese's claims agent;

   (i) Other Program Expenses are up due to costs associated with
       the layoff of Pastoral Center employees; and

   (j) Bankruptcy Expenses are down due to reclassification of
       the expenses incurred by The BMC group, Inc., the
       Archdiocese's claims agent.

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

ASSETS

Cash and cash equivalents                           $24,312,655
Accounts receivable, net                                543,215
Notes, estates and other receivables                 12,705,506
Loans receivable from Archdiocesan entities, net      7,070,370
Loans receivable from Archdiocesan housing entities     538,928
Interest receivable and other assets                    260,610
Inventories                                           1,679,678
Real Property                                           226,688
Deposits and prepaid expenses                           179,822
Investments                                          89,857,369
Advances to Archdiocesan housing entities             1,640,000
Land, buildings, and equipment, net                   7,305,677
                                                 --------------
Total Assets                                       $146,320,518
                                                 ==============

LIABILITIES AND NET ASSETS

Liabilities:
   Prepetition
      Accounts payable                                 $822,302
      Accrued liabilities                             2,172,196
      Funds held for others
         Second Collections                                 (12)
         Short-term investments payable              14,166,253
         Long-term pool investments payable          18,624,468
      Reserve for insurance claims                    2,343,946
      Notes payable                                  10,790,546
      Pre-need liability and reserve                    456,268
      Accrued post-retirement liability               7,607,264
                                                 --------------
   Total Prepetition Liabilities                     56,983,231
                                                 --------------
   Postpetition
      Accounts payable                                1,638,491
      Accrued liabilities                             3,827,304
      Funds held for others
         Second Collections                             191,437
         Short-term investments payable               3,255,463
         Long-term pool investments                   4,786,409
      Reserve for insurance claims                      460,648
      Notes payable                                           -
      Pre-need liability and reserve                     30,896
      Accrued post-retirement liability                 404,521
                                                 --------------
   Total Postpetition Liabilities                    14,595,169
                                                 --------------
     Total Liabilities                               71,578,400
                                                 --------------
Net Assets:
   Prepetition Net Assets:
      Charitable Trust Assets                        69,963,028
      Other Assets                                   (3,573,267)
                                                 --------------
   Total Prepetition Net Assets                      66,389,761
                                                 --------------
   Postpetition Net Assets:
      Charitable Trust Assets                         8,291,094
      Other Assets                                       61,263
                                                 --------------
   Total Postpetition Net Assets                      8,352,357
                                                 --------------
      Total Net Assets                               74,742,118
                                                 --------------
Total liabilities & net assets                     $146,320,518
                                                 ==============


                         Pastoral Center
                Archdiocese of Portland in Oregon
                     Statement of Activities
                For the month ended June 30, 2006

Revenues, gains and other support
   Annual Catholic Appeal income                     $3,417,185
   Gross profit on cemetery sales                        87,240
   Contributions, gifts, annuities and bequests         240,038
   Operating support - Oregon Catholic Press            804,695
   Investment income and realized gains (losses),
      net of expenses                                   223,608
   Change in unrealized gains (losses)                   65,262
   Insurance premiums, net                              (93,684)
   Interest income from loans                            34,225
   Parish assessments                                   251,796
   Other income                                         589,746
   Departmental revenues                                 58,514
   Net assets released from restrictions                      -
                                                 --------------
   Total revenues, gains, and other support           5,678,625
                                                 --------------
Expenses and program support:
   Program Services:
      Annual Catholic Appeal program support,
         grants and parish subsidies                    193,623
      Clergy Services                                    44,059
      Catholic Schools                                   37,489
      Pastoral Services                                  44,110
      Evangelization Services                            45,080
      Public Services                                    10,873
      Tribunal Services                                  23,081
      Deposit and loan interest                         186,011
      Insurance program                               1,801,330
      Cemetery operating expenses                       104,367
      High School grants/charitable annuities            (4,036)
      Other program expenses                            123,939
                                                 --------------
         Total program services                       2,609,926
                                                 --------------
   Supporting Services:
      Archbishop, Vicar General
         and Chancellor Services                         51,288
      Finance & Administration:
         Resource Development                            37,190
         Business Affairs                                13,468
         Financial Services                              72,632
      Human Resources                                    29,592
      Shared Services                                    27,104
      Occupancy and physical plant expenses              10,893
      Designated funds expense                           12,364
      Bankruptcy expense                                544,926
      Depreciation expense                              563,590
                                                 --------------
         Total supporting services                    1,363,047
                                                 --------------
         Total expenses and program support           3,972,973
                                                 --------------
Increase (decrease) in net assets before
   transfers and designations of net assets           1,705,652

Fund transfers - in (out)                                     -
Designation of net assets                                     -
                                                 --------------
Increase (decrease) in net assets                     1,705,652


Net assets at beginning of year                      73,036,466
                                                 --------------
Net assets at end of year                           $74,742,118
                                                 ==============


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

Beginning Cash Balance:                             $17,598,138
Add:
   Transfers in                                         565,810
   Receipts Deposited                                 2,181,143
   Other (Return of Direct Deposits)                          -
   Other                                              6,813,279
   Other (Interest Income)                               93,754
                                                 --------------
   Total Cash Receipts                                9,653,987

Subtract:
   Transfers out                                       (565,810)
   Disbursements by check or debit                   (2,370,113)
   Cash withdrawn                                             -
   Other (Service Charges)                               (1,469)
   Other (Misc Check Correction)                         (1,115)
   Other (NSF Checks)                                      (962)
   Other (Clear Interfund Rec/Pay)                            -
                                                 --------------
   Total Cash Disbursements                          (2,939,469)
                                                 --------------
Ending Cash Balance                                 $24,312,656
                                                 ==============

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. 70; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


CATHOLIC CHURCH: Portland Files Operating Report for July 2006
--------------------------------------------------------------
Leonard Vuylsteke, as Director of Financial Services of the
Archdiocese of Portland in Oregon, relates that certain
adjustments were made in the Archdiocese's financial statements at
July 31, 2006, as a result of the adjustments that occurred in the
financial statements at June 30, 2006.

Mr. Vuylsteke tells the U.S. Bankruptcy Court for the District of
Oregon that the Archdiocese's:

   * Cash decreased in July due to reversal of a year-end
     adjustment to reclassify the cash portion of long-term
     investments from cash back to investments;

   * Accounts Receivable increased in July due to quarterly
     priest retirement billing sent to parishes;

   * Investments increased in July due to reversal of the year-
     end adjustment to reclassify the cash portion of long-term
     investments from cash back to investments;

   * Postpetition Accounts Payable and Postpetition Accrued
     Liabilities are up in July due to the accrual of June legal
     and professional fees related to bankruptcy;

   * Gross Profit on Cemetery Sales is up in July due to
     increased sales;

   * Contributions are a negative in July due to reversal of a
     year-end accrual of estates receivable;

   * Interest and Gains is down in July as determined by cash
     holdings and sales of securities by investment managers;

   * Unrealized Gains decreased based on July market activity;

   * Catholic Schools, Pastoral Services, Evangelization
     Services, Shared Services, Tribunal and Financial Services
     are down in July due to budget cuts in personnel and program
     expenses;

   * Deposit and Loan Interest is down in July due to decreased
     parish long-term investment returns;

   * Insurance Program Expenses are high in July due to the
     payment of annual insurance premiums;

   * Resources Development Expenses are high in July due to
     prepayment of Archbishop's golf tournament expenses; and

   * Annual Catholic Appeal expenditures are high in July due to
     payment of budgeted parish grants of $45,000.

No changes were made with respect to the Archdiocese's Statement
of Cash Receipts and Disbursements, Mr. Vuylsteke adds.

                         Pastoral Center
                Archdiocese of Portland in Oregon
                 Statement of Financial Position
                       As of July 31, 2006

ASSETS

Cash and cash equivalents                           $15,667,938
Accounts receivable, net                                706,033
Notes, estates and other receivables                 12,596,400
Loans receivable from Archdiocesan entities, net      6,902,559
Loans receivable from Archdiocesan housing entities     538,317
Interest receivable and other assets                    276,065
Inventories                                           1,670,041
Real Property                                           226,688
Deposits and prepaid expenses                           110,270
Investments                                          96,361,579
Advances to Archdiocesan housing entities             1,640,000
Land, buildings, and equipment, net                   7,320,061
                                                 --------------
Total Assets                                       $144,015,951
                                                 ==============

LIABILITIES AND NET ASSETS

Liabilities:
   Prepetition
      Accounts payable                                 $822,302
      Accrued liabilities                             2,172,197
      Funds held for others
         Second Collections                                 (12)
         Short-term investments payable              14,095,311
         Long-term pool investments payable          18,573,708
      Reserve for insurance claims                    2,343,946
      Notes payable                                  10,760,358
      Pre-need liability and reserve                    456,268
      Accrued post-retirement liability               7,607,264
                                                 --------------
   Total Prepetition Liabilities                     56,831,342
                                                 --------------
   Postpetition
      Accounts payable                                  939,564
      Accrued liabilities                             4,408,814
      Funds held for others
         Second Collections                             202,232
         Short-term investments payable               3,327,662
         Long-term pool investments                   4,825,849
      Reserve for insurance claims                      460,648
      Notes payable                                           -
      Pre-need liability and reserve                     30,891
      Accrued post-retirement liability                 404,521
                                                 --------------
   Total Postpetition Liabilities                    14,600,181
                                                 --------------
     Total Liabilities                               71,431,523
                                                 --------------
Net Assets:
   Prepetition Net Assets:
      Charitable Trust Assets                        69,962,960
      Other Assets                                   (3,573,199)
                                                 --------------
   Total Prepetition Net Assets                      66,389,761
                                                 --------------
   Postpetition Net Assets:
      Charitable Trust Assets                         7,742,763
      Other Assets                                   (1,548,096)
                                                 --------------
   Total Postpetition Net Assets                      6,194,667
                                                 --------------
      Total Net Assets                               72,584,428
                                                 --------------
Total liabilities & net assets                     $144,015,951
                                                 ==============


                         Pastoral Center
                Archdiocese of Portland in Oregon
                     Statement of Activities
                For the month ended July 31, 2006

Revenues, gains and other support
   Annual Catholic Appeal income                            ($2)
   Gross profit on cemetery sales                       112,966
   Contributions, gifts, annuities and bequests        (148,334)
   Operating support - Oregon Catholic Press                  -
   Investment income and realized gains (losses),
      net of expenses                                   101,521
   Change in unrealized gains (losses)                  (62,519)
   Insurance premiums, net                                   21
   Interest income from loans                            39,481
   Parish assessments                                   260,689
   Other income                                          41,603
   Departmental revenues                                 86,604
   Net assets released from restrictions                      -
                                                 --------------
   Total revenues, gains, and other support             432,030
                                                 --------------
Expenses and program support:
   Program Services:
      Annual Catholic Appeal program support,
         grants and parish subsidies                    228,374
      Clergy Services                                    58,361
      Catholic Schools                                   29,351
      Pastoral Services                                  30,889
      Evangelization Services                            36,147
      Public Services                                     8,705
      Tribunal Services                                  17,150
      Deposit and loan interest                          89,401
      Insurance program                               1,632,524
      Cemetery operating expenses                        59,874
      High School grants/charitable annuities             6,114
      Other program expenses                             53,821
                                                 --------------
         Total program services                       2,250,711
                                                 --------------
   Supporting Services:
      Archbishop, Vicar General
         and Chancellor Services                         61,455
      Finance & Administration:
         Resource Development                            94,451
         Business Affairs                                10,223
         Financial Services                              57,953
      Human Resources                                    28,453
      Shared Services                                    12,431
      Occupancy and physical plant expenses               9,399
      Designated funds expense                           20,146
      Bankruptcy expense                                 44,498
      Depreciation expense                                    -
                                                 --------------
         Total supporting services                      339,009
                                                 --------------
         Total expenses and program support           2,589,720
                                                 --------------
Increase (decrease) in net assets before
   transfers and designations of net assets          (2,157,690)

Fund transfers - in (out)                                     -
Designation of net assets                                     -
                                                 --------------
Increase (decrease) in net assets                    (2,157,690)

Net assets at beginning of year                      74,742,118
                                                 --------------
Net assets at end of year                           $72,584,428
                                                 ==============


                Archdiocese of Portland in Oregon
           Statement of Cash Receipts and Disbursements
                For the month ending July 31, 2006

Beginning Cash Balance:                             $24,312,656
Add:
   Transfers in                                         485,574
   Receipts Deposited                                 1,428,049
   Other (Return of Direct Deposits)                          -
   Other                                             (6,813,279)
   Other (Interest Income)                               42,846
                                                 --------------
   Total Cash Receipts                               (4,856,810)

Subtract:
   Transfers out                                       (485,574)
   Disbursements by check or debit                   (3,300,111)
   Cash withdrawn                                          (285)
   Other (Service Charges)                               (2,270)
   Other (Misc Check Correction)                            500
   Other (NSF Checks)                                      (166)
   Other (Clear Interfund Rec/Pay)                            -
                                                 --------------
   Total Cash Disbursements                          (3,787,907)
                                                 --------------
Ending Cash Balance                                 $15,667,939
                                                 ==============

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. 70; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


CATHOLIC CHURCH: Portland Files August 2006 Monthly Report
----------------------------------------------------------

                         Pastoral Center
                Archdiocese of Portland in Oregon
                 Statement of Financial Position
                      As of August 31, 2006

ASSETS

Cash and cash equivalents                           $15,089,692
Accounts receivable, net                              8,373,825
Notes, estates and other receivables                 12,487,147
Loans receivable from Archdiocesan entities, net      6,782,078
Loans receivable from Archdiocesan housing entities     540,752
Interest receivable and other assets                    262,184
Inventories                                           1,667,870
Real Property                                           226,689
Deposits and prepaid expenses                            33,949
Investments                                          97,614,101
Advances to Archdiocesan housing entities             1,640,000
Land, buildings, and equipment, net                   7,332,569
                                                 --------------
Total Assets                                       $152,050,856
                                                 ==============

LIABILITIES AND NET ASSETS

Liabilities:
   Prepetition
      Accounts payable                                 $822,302
      Accrued liabilities                             2,172,196
      Funds held for others
         Second Collections                                 (12)
         Short-term investments payable              13,722,282
         Long-term pool investments payable          18,511,878
      Reserve for insurance claims                    2,343,946
      Notes payable                                  10,730,261
      Pre-need liability and reserve                    456,268
      Accrued post-retirement liability               7,607,264
                                                 --------------
   Total Prepetition Liabilities                     56,366,385
                                                 --------------
   Postpetition
      Accounts payable                                  690,554
      Accrued liabilities                             4,896,704
      Funds held for others
         Second Collections                             114,852
         Short-term investments payable               3,327,769
         Long-term pool investments                   5,194,270
      Reserve for insurance claims                      460,647
      Notes payable                                           -
      Pre-need liability and reserve                     33,313
      Accrued post-retirement liability                 404,521
                                                 --------------
   Total Postpetition Liabilities                    15,122,630
                                                 --------------
     Total Liabilities                               71,489,015
                                                 --------------
Net Assets:
   Prepetition Net Assets:
      Charitable Trust Assets                        69,962,561
      Other Assets                                   (3,572,800)
                                                 --------------
   Total Prepetition Net Assets                      66,389,761
                                                 --------------
   Postpetition Net Assets:
      Charitable Trust Assets                         7,176,106
      Other Assets                                    6,992,974
                                                 --------------
   Total Postpetition Net Assets                     14,172,080
                                                 --------------
      Total Net Assets                               80,561,841
                                                 --------------
Total liabilities & net assets                     $152,050,856
                                                 ==============


                         Pastoral Center
                Archdiocese of Portland in Oregon
                     Statement of Activities
               For the month ended August 31, 2006

Revenues, gains and other support
   Annual Catholic Appeal income                        $28,920
   Gross profit on cemetery sales                        37,474
   Contributions, gifts, annuities and bequests          81,276
   Operating support - Oregon Catholic Press                  -
   Investment income and realized gains (losses),
      net of expenses                                   604,016
   Change in unrealized gains (losses)                  646,826
   Insurance premiums, net                            8,389,431
   Interest income from loans                            38,876
   Parish assessments                                   260,689
   Other income                                          43,823
   Departmental revenues                                 28,975
   Net assets released from restrictions                      -
                                                 --------------
   Total revenues, gains, and other support          10,160,306
                                                 --------------
Expenses and program support:
   Program Services:
      Annual Catholic Appeal program support,
         grants and parish subsidies                    161,743
      Clergy Services                                    71,312
      Catholic Schools                                   20,258
      Pastoral Services                                  67,454
      Evangelization Services                            54,906
      Public Services                                    12,987
      Tribunal Services                                  24,047
      Deposit and loan interest                         147,762
      Insurance program                                 646,594
      Cemetery operating expenses                       106,433
      High School grants/charitable annuities             6,716
      Other program expenses                            164,170
                                                 --------------
         Total program services                       1,484,382
                                                 --------------
   Supporting Services:
      Archbishop, Vicar General
         and Chancellor Services                         65,324
      Finance & Administration:
         Resource Development                            70,120
         Business Affairs                                13,229
         Financial Services                              77,872
      Human Resources                                    38,682
      Shared Services                                   128,870
      Occupancy and physical plant expenses              46,271
      Designated funds expense                           17,039
      Bankruptcy expense                                241,104
      Depreciation expense                                    -
                                                 --------------
         Total supporting services                      698,511
                                                 --------------
         Total expenses and program support           2,182,893
                                                 --------------
Increase (decrease) in net assets before
   transfers and designations of net assets           7,977,413

Fund transfers - in (out)                                     -
Designation of net assets                                     -
                                                 --------------
Increase (decrease) in net assets                     7,977,413


Net assets at beginning of year                      72,584,428
                                                 --------------
Net assets at end of year                           $80,561,841
                                                 ==============


                Archdiocese of Portland in Oregon
           Statement of Cash Receipts and Disbursements
               For the month ended August 31, 2006

Beginning Cash Balance:                             $15,667,939
Add:
   Transfers in                                         438,776
   Receipts Deposited                                 1,443,374
   Other (Return of Direct Deposits)                          -
   Other                                                      -
   Other (Interest Income)                               77,870
                                                 --------------
   Total Cash Receipts                                1,960,019

Subtract:
   Transfers out                                       (438,776)
   Disbursements by check or debit                   (2,096,941)
   Cash withdrawn                                             -
   Other (Service Charges)                               (2,062)
   Other (Misc Check Correction)                              -
   Other (NSF Checks)                                      (485)
   Other (Clear Interfund Rec/Pay)                            -
                                                 --------------
   Total Cash Disbursements                          (2,538,264)
                                                 --------------
Ending Cash Balance                                 $15,089,694
                                                 ==============

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. 70; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


CATHOLIC CHURCH: Spokane Files August 2006 Operating Report
-----------------------------------------------------------

                   Catholic Diocese of Spokane
                          Balance Sheet
                      As of August 31, 2006

ASSETS
  Total Cash Accounts                                $2,640,196
  Total Investments                                   3,880,480
  Total Property                                        495,004
  Total Loans Receivable                              2,707,589
  Total Interfund Loan Receivable                       179,564
  Total Accounts Receivable                              91,763
  Total Land and Buildings & Equipment                2,581,347
  Total Prepaid Expenses                                 58,729
                                                 --------------
Total Assets                                        $12,634,671
                                                 ==============

LIABILITIES AND NET ASSETS

Liabilities
  Total Deposits Payable                              9,518,036
  Total Interest Payable                                      -
  Total Accounts Payable                                 41,819

Total Long-term Liabilities                           9,335,400

Net Assets
  Total Unrestricted - Fund Balance                 (19,361,455)
  Total Unrestricted Net Assets                     (19,361,455)
  T.R. - Guse Grant Funds                               369,350
  T.R. - Bishop's School Grants Funds                    72,411
  Total Replacement Fund                             10,445,834
  Total Diocesan D&L Funding                          2,176,115
  Total Guatemala Funds                                 608,923
  Temporarily Restricted                                      -
                                                 --------------
Total liabilities & net assets                      $12,764,671
                                                 ==============


                   Catholic Diocese of Spokane
                  Income and Expense Statement
               For the month ended August 31, 2006

Total Income                                           $230,913
Total Expenses                                          722,110
                                                 --------------
Net Excess or Deficit                                  $491,197
                                                 ==============

The Diocese of Spokane's Statement of Cash Receipts and
Disbursements for August 2006 reports an opening balance of
$2,788,508 and ending balance of $2,602,566.  Cash receipts for
the period total $243,133.

A full-text copy of the Diocese's August 2006 operating report is
available for free at http://bankrupt.com/misc/spokaneaugmor.pdf

The Roman Catholic Church of the Diocese of Spokane filed for
chapter 11 protection (Bankr. E.D. Wash. Case No. 04-08822) on
Dec. 6, 2004.  Michael J. Paukert, Esq., at Paine, Hamblen,
Coffin, Brooke & Miller, LLP, represents the Spokane Diocese in
its restructuring efforts.  When the Debtor filed for protection
from its creditors, it listed $11,162,938 in total assets and
$81,364,055 in total debts. (Catholic Church Bankruptcy News,
Issue No. 70; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: Files Schedules of Assets and Liabilities
------------------------------------------------------------

A.   Real Property                                            -

B.   Personal Property
B.3  Security Deposits                                  $63,934
B.35 Other Personal Property
        Deposit on homes                              2,355,060
        Capitalized RE development costs                435,154

     TOTAL SCHEDULED ASSETS                          $2,854,148
                                                    ===========

C.   Property Claimed as Exempt                               -

D.   Secured Claim
        The Patriot Group, LLC - Darien, CT         $25,535,584

E.   Unsecured Priority Claims                                -

F.   Unsecured Non-priority Claims
        Intercompany payable
           Distinctive Retreats, LLC                  4,182,906
           Preferred Retreats, LLC                        1,750

     TOTAL SCHEDULED LIABILITIES                    $29,720,240
                                                    ===========

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  Complete Retreats and its debtor-
affiliates filed for chapter 11 protection on July 23, 2006
(Bankr. D. Conn. Case No. 06-50245).  Nicholas H. Mancuso, Esq.
and Jeffrey K. Daman, Esq. at Dechert LLP represent the Debtors in
their restructuring efforts.  Michael J. Reilly, Esq., at Bingham
McCutchen LP, in Hartford, Connecticut, serves as counsel to the
Official Committee of Unsecured Creditors.  No estimated assets
have been listed in the Debtors' schedules, however, the Debtors
disclosed $308,000,000 in total debts.  (Complete Retreats
Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: Distinctive Files Schedules of Assets and Debts
------------------------------------------------------------------

A.   Real Property                                            -

B.   Personal Property
B.35 Other Personal Property
        Real estate acquisitions in progress           $394,640

     TOTAL SCHEDULED ASSETS                            $394,640
                                                    ===========

C.   Property Claimed as Exempt                               -

D.   Secured Claim                                            -

E.   Unsecured Priority Claims                                -

F.   Unsecured Non-priority Claims
        Alena Goeddel                                   450,000
        Avra Jain                                       450,000
        Bob Scott                                       450,000
        Bruce Selkirk III                               450,000
        Bruce Shalett                                   450,000
        Dan Jansen                                      425,000
        David Glimcher                                  375,000
        David Laurent                                   425,000
        David Posnick                                   450,000
        Dennis Mitchell                                 425,000
        Don Farris                                      425,000
        Earl Michie                                     425,000
        Elliot Foo                                      475,000
        Garret Gruener                                  450,000
        Glenn Eisenberg                                 450,000
        Glenn Schafer                                   450,000
        Greg Smith                                      450,000
        Harish Chopra                                   425,000
        Harvey Mogenson                                 450,000
        Ira Hirschfield                                 450,000
        J. Michael Cline                                450,000
        Jack Remondi                                    400,000
        Jaideep Khanna                                  400,000
        James Feagin                                    450,000
        James Tobin                                     450,000
        Jeff Elzemeyer                                  450,000
        Jeff Sell                                       425,000
        John Lewis                                      410,000
        Jonathan Walner                                 400,000
        Joseph Davie                                    450,000
        Kevin Johnson                                   425,000
        Kevin Six                                       450,000
        Lewis Halpert                                   425,000
        Louis Ciminelli                                 450,000
        Lynn Wiese                                      450,000
        Marc Baldinger                                  450,000
        Mark Burg                                       325,000
        Michael Tadin                                   450,000
        Peter Solvik                                    450,000
        Ravi Sinha                                      437,500
        Robert Glanville                                450,000
        Robert Hanna                                    450,000
        Sean McGould                                    425,000
        Stan McCarthy                                   425,000
        Steven Mannik                                   450,000
        Stuart Berg                                     425,000
        Theresa Gallagher                               450,000
        Thomas Sponholtz                                450,000
        Tom & Lia Haleas                                400,000
        Yichen Mao                                      450,000
        Others                                        1,650,000

     TOTAL SCHEDULED LIABILITIES                    $23,422,500
                                                    ===========

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  Complete Retreats and its debtor-
affiliates filed for chapter 11 protection on July 23, 2006
(Bankr. D. Conn. Case No. 06-50245).  Nicholas H. Mancuso, Esq.
and Jeffrey K. Daman, Esq. at Dechert LLP represent the Debtors in
their restructuring efforts.  Michael J. Reilly, Esq., at Bingham
McCutchen LP, in Hartford, Connecticut, serves as counsel to the
Official Committee of Unsecured Creditors.  No estimated assets
have been listed in the Debtors' schedules, however, the Debtors
disclosed $308,000,000 in total debts.  (Complete Retreats
Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: DR Abaco Files Schedule of Assets & Liabilities
------------------------------------------------------------------

A.   Real Property
        Abaco Winding Bay Lots, Bahamas
           #42                                       $2,880,000
           #43                                        2,880,000
           #21A                                       2,000,000
           #21B                                       2,000,000
           #5                                         1,900,000
           #6                                         1,900,000
           #11A                                       1,400,000
           #11B                                       1,400,000
           #8A                                        1,200,000
           #8B                                        1,200,000

B.   Personal Property                                        -

     TOTAL SCHEDULED ASSETS                         $18,760,000
                                                    ===========

C.   Property Claimed as Exempt                               -

D.   Secured Claim
        The Patriot Group, LLC - Darien, CT         $25,535,584

E.   Unsecured Priority Claims                                -

F.   Unsecured Non-priority Claims                            -

     TOTAL SCHEDULED LIABILITIES                    $25,535,584
                                                    ===========

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  Complete Retreats and its debtor-
affiliates filed for chapter 11 protection on July 23, 2006
(Bankr. D. Conn. Case No. 06-50245).  Nicholas H. Mancuso, Esq.
and Jeffrey K. Daman, Esq. at Dechert LLP represent the Debtors in
their restructuring efforts.  Michael J. Reilly, Esq., at Bingham
McCutchen LP, in Hartford, Connecticut, serves as counsel to the
Official Committee of Unsecured Creditors.  No estimated assets
have been listed in the Debtors' schedules, however, the Debtors
disclosed $308,000,000 in total debts.  (Complete Retreats
Bankruptcy News, Issue No. 11; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: Legendary Files Schedules of Assets and Debts
----------------------------------------------------------------

A.   Real Property                                            -

B.   Personal Property
B.2  Bank Accounts
        Bank of America                                 $24,655
B.3  Security Deposits
        Paradise in the Pacific, 9 Kapalua Place         25,000
B.9  Interests in Insurance Policies                    unknown
B.16 Accounts Receivable
        Intercompany receivable
           Distinctive Retreats, LLC                  9,431,176
           Preferred Retreats, LLC                    6,360,622
           Private Retreats, LLC                        652,454
           Concierge Villas, LLC                        200,000
           Distinctive Retreats II, LLC                   5,669
B.28 Office Equipment                                    26,935
B.35 Other Personal Property                            956,863

     TOTAL SCHEDULED ASSETS                         $17,683,374
                                                    ===========

C.   Property Claimed as Exempt                               -

D.   Secured Claim                                            -

E.   Unsecured Priority Claims                                -

F.   Unsecured Non-priority Claims
        Alan Fox                                     $1,300,000
        Boyd Fellows                                  1,300,000
        Chris Stevens                                   725,000
        Eric Bieber                                   1,300,000
        Greg Newman                                     495,000
        Gregory Wendt                                 1,300,000
        Ignacio Torras                                1,300,000
        John Harvey                                   1,300,000
        Len J. Lauer                                  1,300,000
        Mark Houghton-Berry                           1,300,000
        Nick Thakore                                  1,300,000
        Peter Lowe                                    1,300,000
        Richard Cornelius                             1,300,000
        Scott Walchek                                   495,000
        Steven Kaplan                                 1,300,000
        Wil Vanloh                                    1,300,000
        Others                                          249,073

     TOTAL SCHEDULED LIABILITIES                    $18,864,073
                                                    ===========

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  Complete Retreats and its debtor-
affiliates filed for chapter 11 protection on July 23, 2006
(Bankr. D. Conn. Case No. 06-50245).  Nicholas H. Mancuso, Esq.
and Jeffrey K. Daman, Esq. at Dechert LLP represent the Debtors in
their restructuring efforts.  Michael J. Reilly, Esq., at Bingham
McCutchen LP, in Hartford, Connecticut, serves as counsel to the
Official Committee of Unsecured Creditors.  No estimated assets
have been listed in the Debtors' schedules, however, the Debtors
disclosed $308,000,000 in total debts.  (Complete Retreats
Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: Preferred Files Schedules of Assets and Debts
----------------------------------------------------------------

A.   Real Property                                            -

B.   Personal Property
B.16 Accounts receivable
        Intercompany receivable
           Distinctive Retreats, LLC                   $334,769
           Preferred Retreats, LLC                      142,559
           Towne Clubs, LLC                              10,000

     TOTAL SCHEDULED ASSETS                            $487,328
                                                    ===========

C.   Property Claimed as Exempt                               -

D.   Secured Claim                                            -

E.   Unsecured Priority Claims                                -

F.   Unsecured Non-priority Claims
        Intercompany payable
           Preferred Retreats, LLC                     $349,493

     TOTAL SCHEDULED LIABILITIES                       $349,493
                                                    ===========

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  Complete Retreats and its debtor-
affiliates filed for chapter 11 protection on July 23, 2006
(Bankr. D. Conn. Case No. 06-50245).  Nicholas H. Mancuso, Esq.
and Jeffrey K. Daman, Esq. at Dechert LLP represent the Debtors in
their restructuring efforts.  Michael J. Reilly, Esq., at Bingham
McCutchen LP, in Hartford, Connecticut, serves as counsel to the
Official Committee of Unsecured Creditors.  No estimated assets
have been listed in the Debtors' schedules, however, the Debtors
disclosed $308,000,000 in total debts.  (Complete Retreats
Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: Private Belize Files Assets and Debts Schedules
------------------------------------------------------------------

A.   Real Property
        Cayo Espanto, Belize real estate
           Casa Aurora                               $1,942,900
           Casa Brisa                                   971,400
           Casa Estrella                              1,942,900
           Casa Manana                                  971,400
           Casa Olita                                   971,400

B.   Personal Property
B.2  Bank Accounts
        Bank of America                                       -

     TOTAL SCHEDULED ASSETS                          $6,800,000
                                                    ===========

C.   Property Claimed as Exempt                               -

D.   Secured Claim                                            -

E.   Unsecured Priority Claims

F.   Unsecured Non-priority Claims                            -

     TOTAL SCHEDULED LIABILITIES                              -
                                                    ===========

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  Complete Retreats and its debtor-
affiliates filed for chapter 11 protection on July 23, 2006
(Bankr. D. Conn. Case No. 06-50245).  Nicholas H. Mancuso, Esq.
and Jeffrey K. Daman, Esq. at Dechert LLP represent the Debtors in
their restructuring efforts.  Michael J. Reilly, Esq., at Bingham
McCutchen LP, in Hartford, Connecticut, serves as counsel to the
Official Committee of Unsecured Creditors.  No estimated assets
have been listed in the Debtors' schedules, however, the Debtors
disclosed $308,000,000 in total debts.  (Complete Retreats
Bankruptcy News, Issue No. 11; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: T&H Villas Files Schedules of Assets and Debts
-----------------------------------------------------------------

A.   Real Property                                            -

B.   Personal Property
B.2  Bank Accounts
        Bank of America
         Acct# 003472506032                             $41,085
         Acct# 003491443794                                   -
         Acct# 003472506045                                   -
B.9  Interests in insurance policies                    unknown
B.16 Accounts Receivable
        Intercompany receivable
           Preferred Retreats, LLC                      294,522
B.28 Office equipment                                    32,008
B.30 Inventory
        Beddings, linens and robes                       72,789
        Consumables                                       1,405
        China                                             6,043
        Kitchen appliances                                3,604
        Household items                                   6,532
B.35 Other Personal Property
        Prepaid insurance                                    17
        Leasehold improvements                            7,705

     TOTAL SCHEDULED ASSETS                            $465,710
                                                      =========

C.   Property Claimed as Exempt                               -

D.   Secured Claim                                            -

E.   Unsecured Priority Claims                                -

F.   Unsecured Non-priority Claims
        Campion A. Platt Architect                      $48,686
        Charles E. Smith Commercial Realty               11,471
        Darwill                                          11,770
        Distinctive Retreats, LLC                       666,567
        Dulles Financial                                  3,634
        Fashion Fresh                                       215
        Greenkleen, Inc.                                    500
        Kiawah Island Golf Resort                         8,485
        Legendary Retreats, LLC                         200,000
        Mountain Village Cable                               39
        Preferred Retreats, LLC                         444,318
        Private Retreats, LLC                           509,753
        Red Rocket Brand Engineers                          500
        Sprint                                               39
        Staples                                             108
        Verizon                                             455
        Verizon                                             175
        Wirestone, LLC                                   34,611

     TOTAL SCHEDULED LIABILITIES                     $1,941,326
                                                    ===========

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  Complete Retreats and its debtor-
affiliates filed for chapter 11 protection on July 23, 2006
(Bankr. D. Conn. Case No. 06-50245).  Nicholas H. Mancuso, Esq.
and Jeffrey K. Daman, Esq. at Dechert LLP represent the Debtors in
their restructuring efforts.  Michael J. Reilly, Esq., at Bingham
McCutchen LP, in Hartford, Connecticut, serves as counsel to the
Official Committee of Unsecured Creditors.  No estimated assets
have been listed in the Debtors' schedules, however, the Debtors
disclosed $308,000,000 in total debts.  (Complete Retreats
Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: Telluride Files Schedules Assets and Debts
-------------------------------------------------------------

A.   Real Property
        192 Country Club Drive, Mountain Village, CO $2,500,000
        River Club Condos Units, Telluride, CO          320,000

B.   Personal Property                                        -

     TOTAL SCHEDULED ASSETS                          $2,820,000
                                                    ===========

C.   Property Claimed as Exempt                               -

D.   Secured Claim
        The Patriot Group, LLC - Darien, CT         $25,535,584

E.   Unsecured Priority Claims                                -

F.   Unsecured Non-priority Claims                            -

     TOTAL SCHEDULED LIABILITIES                    $25,535,584
                                                    ===========

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  Complete Retreats and its debtor-
affiliates filed for chapter 11 protection on July 23, 2006
(Bankr. D. Conn. Case No. 06-50245).  Nicholas H. Mancuso, Esq.
and Jeffrey K. Daman, Esq. at Dechert LLP represent the Debtors in
their restructuring efforts.  Michael J. Reilly, Esq., at Bingham
McCutchen LP, in Hartford, Connecticut, serves as counsel to the
Official Committee of Unsecured Creditors.  No estimated assets
have been listed in the Debtors' schedules, however, the Debtors
disclosed $308,000,000 in total debts.  (Complete Retreats
Bankruptcy News, Issue No. 11; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: Town Clubs Files Schedules of Assets and Debts
-----------------------------------------------------------------

A.   Real Property                                            -

B.   Personal Property
B.2  Bank Accounts
        Bank of America                                       -
B.3  Security Deposits                                  $47,500
B.9  Interests in Insurance Policies                    unknown
B.16 Accounts Receivable
        Intercompany receivable
           Preferred Retreats, LLC                      605,273
B.28 Office Equipment
        Computer equipment                              204,540
        Furniture & fixtures                             53,507
        Computer software                                 1,050
B.35 Other Personal Property
        Leasehold improvements                        1,699,275

     TOTAL SCHEDULED ASSETS                          $2,611,145
                                                    ===========

C.   Property Claimed as Exempt                               -

D.   Secured Claim                                            -

E.   Unsecured Priority Claims
        State of Delaware                                  $138

F.   Unsecured Non-priority Claims
        Chris Haver                                      45,000
        Colleen Seymour                                  55,000
        Dale Jensen                                      45,000
        Darrel Keuck                                     45,000
        Dave Pena                                        45,000
        Distinctive Retreats, LLC                     2,371,495
        DMB Market Street, LLC                           78,594
        Donny Roberts                                    45,000
        Double AA Builders                              503,883
        Gene Bearinger                                   45,000
        Geoffrey Edmunds                                 45,000
        Geoffrey Schwan                                  45,000
        Jo Lyn Cleverly                                  45,000
        John Stookey                                     45,000
        Mark Breen                                       45,000
        Mark Williams                                    45,000
        Myles Hubers/Corporate                        1,035,000
        Preferred Retreats, LLC                       1,191,372
        Private Retreats, LLC                            72,417
        RL Miller                                        45,000
        Robert Flick                                     45,000
        Scott Coles                                      55,000
        Scott Crouch                                     45,000
        The Driver Provider                              62,753
        Tim Bender                                       55,000
        William R. Hopkins                               45,000
        William Spain & Larry Beddome                    45,000
        Others                                          498,332

     TOTAL SCHEDULED LIABILITIES                     $6,743,984
                                                    ===========

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  Complete Retreats and its debtor-
affiliates filed for chapter 11 protection on July 23, 2006
(Bankr. D. Conn. Case No. 06-50245).  Nicholas H. Mancuso, Esq.
and Jeffrey K. Daman, Esq. at Dechert LLP represent the Debtors in
their restructuring efforts.  Michael J. Reilly, Esq., at Bingham
McCutchen LP, in Hartford, Connecticut, serves as counsel to the
Official Committee of Unsecured Creditors.  No estimated assets
have been listed in the Debtors' schedules, however, the Debtors
disclosed $308,000,000 in total debts.  (Complete Retreats
Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: 24 Debtors File Schedules of Assets and Debts
----------------------------------------------------------------
Twenty-three Debtors report zero assets and liabilities:

   (1) A&K Destinations, LLC
   (2) A&K Luxury Automobiles, LLC
   (3) DR MGM I, LLC
   (4) DR MGM II, LLC
   (5) DR MGM III, LLC
   (6) DR MGM IV, LLC
   (7) LR Management Co., LLC
   (8) New Retreats Holding Co., LLC
   (9) P180, LLC
  (10) PR Vegas III, LLC
  (11) Preferred Aviation, LLC
  (12) Preferred Retreats Design Group, LLC
  (13) Preferred Retreats Travel Co., LLC
  (14) Private Retreats Casa Dorada, LLC
  (15) Private Retreats Hospitality, LLC
  (16) Private Retreats II, LLC
  (17) Private Retreats Powell II, LLC
  (18) Private Retreats Powell III, LLC
  (19) Private Retreats Steamboat, LLC
  (20) Private Retreats Teton I, LLC
  (21) Private Retreats Tortola, LLC
  (22) Private Retreats Yacht Club Mediterranean
  (23) Private Retreats Yacht Club Tortola, LLC

European Retreats, LLC, reports unknown assets and zero
liabilities.

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  Complete Retreats and its debtor-
affiliates filed for chapter 11 protection on July 23, 2006
(Bankr. D. Conn. Case No. 06-50245).  Nicholas H. Mancuso, Esq.
and Jeffrey K. Daman, Esq. at Dechert LLP represent the Debtors in
their restructuring efforts.  Michael J. Reilly, Esq., at Bingham
McCutchen LP, in Hartford, Connecticut, serves as counsel to the
Official Committee of Unsecured Creditors.  No estimated assets
have been listed in the Debtors' schedules, however, the Debtors
disclosed $308,000,000 in total debts.  (Complete Retreats
Bankruptcy News, Issue No. 11; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: 25 Debtors File Schedules of Assets and Debts
----------------------------------------------------------------
Twenty-five Debtors report $27,647,761 in total liabilities.  The
Debtors disclose that Beal Bank, S.S.B, in Plano, Texas, holds a
first-priority security claim for $27,647,761 in their real
property.

The 25 Debtors' real property constitute their total assets:

                                                        Total
                                                      Scheduled
Company             Real Property                       Assets
-------             -------------                     ---------
PR Esperanza II     Esperanza Units, B.C.S, Mexico   $8,754,400

PR Esperanza III    Esperanza Units, B.C.S, Mexico    7,978,300

Private Retreats    Villa Del Sol                     1,850,000
Colinas             B.C.S., Mexico

Private Retreats    Casa Tortuga                      1,800,000
Tortuga             B.C.S., Mexico

Private Retreats    457 Mountain Village Blvd. #8     1,425,000
Cabin 8             Telluride Mountain Village, CO

Private Retreats    457 Mountain Village Blvd. #4     1,400,000
Cabin 4             Telluride Mountain Village, CO

Private Retreats    4165 Kamalani Lane                1,375,000
Kamalani            Princeville, HI

Private Retreats    7710 Granite Loop Road            1,300,000
Snake River I       Unit 12 Teton Village, WY

Private Retreats    7710 Granite Loop Road            1,300,000
Snake River II      Unit 29 Teton Village, WY

Private Retreats    Black Bear Condominiums           1,240,000
Deer Valley I       Park City, UTAH

Private Retreats    1199 Snow Crest Road              1,200,000
Tahoe III           Alpine Meadows, CA

Olde Cypress I PR   3084 Strada Bella Court           1,200,000
                    Naples, FL

Private Retreats    8148 East Highpoint Drive         1,100,000
Highpoint           Scottsdale, AZ

Olde Cypress II PR  7398 Monteverde Way, Naples, FL   1,150,000

DR Cerezas          61 Las Ceresas, Dominican Rep.    1,030,000

Private Retreats    9560 East Preserve Way            1,030,000
Preserve Way        Scottsdale, AZ

Private Retreats    3012 Mountaineer Circle, Unit 13B   925,000
Steamboat II        Steamboat Springs, CO

Private Retreats    30 Cresta Rd, #305 Edwards, CO      800,000
Pinecone 305

Private Retreats    551 Topnotch Resort, Unit 552       790,000
Stowe III           Stowe, VT

Private Retreats    551 Topnotch Resort, Unit 551       780,000
Stowe II            Stowe, VT

Private Retreats    1850 Village South Rd #209W         675,000
Tahoe I             Olympic Valley, CA

Private Retreats    1850 Village South Rd #309W         675,000
Tahoe II            Olympic Valley, CA

Private Retreats    14 W. Cottage Circle                565,000
Belfair             Bluffton, SC

Private Retreats    9391 East Whitewing Drive           540,000
Whitewing           Scottsdale, AZ

Private Retreats    Grand Summit Units                  480,000
Summit              Park City, UTAH

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  Complete Retreats and its debtor-
affiliates filed for chapter 11 protection on July 23, 2006
(Bankr. D. Conn. Case No. 06-50245).  Nicholas H. Mancuso, Esq.
and Jeffrey K. Daman, Esq. at Dechert LLP represent the Debtors in
their restructuring efforts.  Michael J. Reilly, Esq., at Bingham
McCutchen LP, in Hartford, Connecticut, serves as counsel to the
Official Committee of Unsecured Creditors.  No estimated assets
have been listed in the Debtors' schedules, however, the Debtors
disclosed $308,000,000 in total debts.  (Complete Retreats
Bankruptcy News, Issue No. 11; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: Files August 2006 Monthly Operating Report
-------------------------------------------------------------

                      Complete Retreats, LLC
                          Balance Sheet
                      As of August 31, 2006

                              ASSETS

Total Cash                                                    -

Accounts Receivable (Net)                                     -
Inventory                                                     -
Notes Receivable                                              -
Prepaid Expenses                                        $63,934
Other                                                         -
                                                 --------------
Total Current Assets                                     63,934

Property, Plant & Equipment                           5,620,021
Accumulated Depreciation/Depletion                            -
                                                 --------------
Net Property, Plant & Equipment                       5,620,021

Due from Insiders                                             -
Other Assets - Net of Amortization                            -
Other                                                   487,329
                                                 --------------
Total Assets                                         $6,171,284
                                                 ==============

                   LIABILITIES & OWNERS' EQUITY

Total Postpetition Liabilities                                -

Prepetition Liabilities
   Secured Debt                                               -
   Priority Debt                                              -
   Unsecured Debt                                    $1,501,049
   Other                                              4,612,771
                                                 --------------
Total Prepetition Liabilities                         6,113,820
                                                 --------------
Total Liabilities                                     6,113,820

Equity
   Prepetition Owners' Equity                            57,464
   Postpetition Cumulative Profit or Loss                     -
   Direct Charges to Equity                                   -
                                                 --------------
Total Equity                                             57,464
                                                 --------------
Total Liabilities & Owners' Equity                   $6,171,284
                                                 ==============

Complete Retreats reports $0 income and profits for the period
August 1 to 31, 2006.

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  Complete Retreats and its debtor-
affiliates filed for chapter 11 protection on July 23, 2006
(Bankr. D. Conn. Case No. 06-50245).  Nicholas H. Mancuso, Esq.
and Jeffrey K. Daman, Esq. at Dechert LLP represent the Debtors in
their restructuring efforts.  Michael J. Reilly, Esq., at Bingham
McCutchen LP, in Hartford, Connecticut, serves as counsel to the
Official Committee of Unsecured Creditors.  No estimated assets
have been listed in the Debtors' schedules, however, the Debtors
disclosed $308,000,000 in total debts.  (Complete Retreats
Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).  


COMPLETE RETREATS: Distinctive Files August 2006 Operating Report
-----------------------------------------------------------------

                    Distinctive Retreats, LLC
                          Balance Sheet
                      As of August 31, 2006

                              ASSETS

Unrestricted Cash                                      $552,583
Restricted Cash                                               -
                                                 --------------
Total Cash                                              552,583

Accounts Receivable (Net)                              (269,231)
Inventory                                                75,776
Notes Receivable                                              -
Prepaid Expenses                                              -
Other                                                         -
                                                 --------------
Total Current Assets                                   (193,455)

Property, Plant & Equipment                         107,388,845
Accumulated Depreciation/Depletion                   (2,750,017)
                                                 --------------
Net Property, Plant & Equipment                     104,638,829

Due from Insiders                                             -
Other Assets - Net of Amortization                    7,239,166
Other                                               115,531,717

Total Assets                                       $227,768,840
                                                 ==============

                   LIABILITIES & OWNERS' EQUITY

Postpetition Liabilities
   Accounts Payable                                       ($485)
   Taxes Payable                                              -
   Notes Payable                                      5,760,714
   Professional Fees                                          -
   Secured Debt                                               -
   Other                                             (1,342,692)
                                                 --------------
Total Postpetition Liabilities                        4,417,537

Prepetition Liabilities
   Secured Debt                                      29,952,792
   Priority Debt                                              -
   Unsecured Debt                                    35,377,821
   Other                                             12,755,195
                                                 --------------
Total Prepetition Liabilities                        78,085,808
                                                 --------------
Total Liabilities                                    82,503,345

Equity
   Prepetition Owners' Equity                       140,982,312
   Postpetition Cumulative Profit or Loss             4,283,185
   Direct Charges to Equity                                   -
                                                 --------------
Total Equity                                        145,265,497
                                                 --------------
Total Liabilities & Owners' Equity                 $227,768,842
                                                 ==============


                    Distinctive Retreats, LLC
                     Statement of Operations
                       August 1 to 31, 2006

Revenues
   Gross Revenues                                    $1,124,711
   Less: Returns & Discounts                             (1,250)
                                                 --------------
Net Revenue                                           1,123,461

Cost of Goods Sold
   Material                                             458,966
   Direct Labor                                               -
   Direct Overhead                                            5
                                                 --------------
Total Cost of Goods Sold                                458,971
                                                 --------------
Gross Profit                                            664,490

Operating Expenses
   Officer/Insider Compensation                               -
   Selling & Marketing                                      600
   General Administration                                     -
   Rent & Lease                                               -
   Other                                             (4,112,821)
                                                 --------------
Total Operating Expenses                             (4,112,221)
                                                 --------------
Income Before Non-Operating Income & Expenses         4,776,711

Other Income & Expenses
   Non-operating Income                                       -
   Non-operating Expense                                      -
   Interest Expense                                     504,890
   Depreciation/Depletion                               145,052
   Amortization                                          74,040
   Other                                               (170,022)
                                                 --------------
Net Other Income & Expenses                             553,960

Reorganization Expenses
   Professional Fees                                      6,838
   U.S. Trustee Fees                                          -
   Other                                                      -
                                                 --------------
Total Reorganization Expenses                             6,838
                                                 --------------
Income Tax                                                    -
                                                 --------------
Net Profit (Loss)                                    $4,215,913
                                                 ==============

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  Complete Retreats and its debtor-
affiliates filed for chapter 11 protection on July 23, 2006
(Bankr. D. Conn. Case No. 06-50245).  Nicholas H. Mancuso, Esq.
and Jeffrey K. Daman, Esq. at Dechert LLP represent the Debtors in
their restructuring efforts.  Michael J. Reilly, Esq., at Bingham
McCutchen LP, in Hartford, Connecticut, serves as counsel to the
Official Committee of Unsecured Creditors.  No estimated assets
have been listed in the Debtors' schedules, however, the Debtors
disclosed $308,000,000 in total debts.  (Complete Retreats
Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: Legendary Files August 2006 Operating Report
---------------------------------------------------------------

                     Legendary Retreats, LLC
                          Balance Sheet
                      As of August 31, 2006

                              ASSETS

Unrestricted Cash                                        $3,433
Restricted Cash                                               -
                                                 --------------
Total Cash                                                3,433

Accounts Receivable (Net)                               311,573
Inventory                                                     -
Notes Receivable                                        677,125
Prepaid Expenses                                         58,776
Other                                                   115,000
                                                 --------------
Total Current Assets                                  1,162,474

Property, Plant & Equipment                             829,032
Accumulated Depreciation/Depletion                            -
                                                 --------------
Net Property, Plant & Equipment                         829,032

Due from Insiders                                             -
Other Assets - Net of Amortization                            -
Other                                                16,524,045
                                                 --------------
Total Assets                                        $18,518,983
                                                 ==============

                   LIABILITIES & OWNERS' EQUITY

Postpetition Liabilities
   Accounts Payable                                    ($66,281)
   Taxes Payable                                              -
   Notes Payable                                              -
   Professional Fees                                          -
   Secured Debt                                               -
   Other                                                (16,355)
                                                 --------------
Total Postpetition Liabilities                          (82,636)

Prepetition Liabilities
   Secured Debt                                               -
   Priority Debt                                              -
   Unsecured Debt                                       394,486
   Other                                              2,717,355
                                                 --------------
Total Prepetition Liabilities                         3,111,841
                                                 --------------
Total Liabilities                                     3,029,205

Equity
   Prepetition Owners' Equity                        15,437,480
   Postpetition Cumulative Profit or Loss                52,299
   Direct Charges to Equity                                   -
                                                 --------------
Total Equity                                         15,489,779
                                                 --------------
Total Liabilities & Owners' Equity                  $18,518,983
                                                 ==============


                     Legendary Retreats, LLC
                     Statement of Operations
                       August 1 to 31, 2006

Revenues
   Gross Revenues                                      $176,932
   Less: Returns & Discounts                             (1,250)
                                                 --------------
Net Revenue                                             175,682

Cost of Goods Sold
   Material                                              37,924
   Direct Labor                                               -
   Direct Overhead                                       14,420
                                                 --------------
Total Cost of Goods Sold                                 52,344
                                                 --------------
Gross Profit                                            123,338

Operating Expenses
   Officer/Insider Compensation                               -
   Selling & Marketing                                    2,439
   General Administration                                 2,820
   Rent & Lease                                          72,297
   Other                                                 (7,194)
                                                 --------------
Total Operating Expenses                                 70,362
                                                 --------------
Income Before Non-Operating Income & Expenses            52,976

Net Other Income & Expenses                                   -

Reorganization Expenses
   Professional Fees                                        677
   U.S. Trustee Fees                                          -
   Other                                                      -
                                                 --------------
Total Reorganization Expenses                               677
                                                 --------------
Income Tax                                                    -
                                                 --------------
Net Profit (Loss)                                       $52,299
                                                 ==============

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  Complete Retreats and its debtor-
affiliates filed for chapter 11 protection on July 23, 2006
(Bankr. D. Conn. Case No. 06-50245).  Nicholas H. Mancuso, Esq.
and Jeffrey K. Daman, Esq. at Dechert LLP represent the Debtors in
their restructuring efforts.  Michael J. Reilly, Esq., at Bingham
McCutchen LP, in Hartford, Connecticut, serves as counsel to the
Official Committee of Unsecured Creditors.  No estimated assets
have been listed in the Debtors' schedules, however, the Debtors
disclosed $308,000,000 in total debts.  (Complete Retreats
Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: Preferred Files August 2006 Operating Report
---------------------------------------------------------------

                     Preferred Retreats, LLC
                          Balance Sheet
                      As of August 31, 2006

                              ASSETS

Unrestricted Cash                                       $83,407
Restricted Cash                                         463,467
                                                 --------------
Total Cash                                              546,874

Accounts Receivable (Net)                               862,664
Inventory                                             2,073,687
Notes Receivable                                        479,013
Prepaid Expenses                                      4,855,863
Other                                                 1,107,866
                                                 --------------
Total Current Assets                                  9,379,093

Property, Plant & Equipment                           7,649,113
Accumulated Depreciation/Depletion                   (2,086,963)
                                                 --------------
Net Property, Plant & Equipment                       5,562,150

Due from Insiders                                       835,694
Other Assets - Net of Amortization                        1,555
Other                                                45,192,120
                                                 --------------
Total Assets                                        $61,517,486
                                                 ==============

                   LIABILITIES & OWNERS' EQUITY

Postpetition Liabilities
   Accounts Payable                                   ($885,029)
   Taxes Payable                                              -
   Notes Payable                                        283,914
   Professional Fees                                          -
   Secured Debt                                         221,165
   Other                                              6,025,680
                                                 --------------
Total Postpetition Liabilities                        5,645,730

Prepetition Liabilities
   Secured Debt                                          43,411
   Priority Debt                                              -
   Unsecured Debt                                    12,526,582
   Other                                            134,816,155
                                                 --------------
Total Prepetition Liabilities                       147,386,148
                                                 --------------
Total Liabilities                                   153,031,878

Equity
   Prepetition Owners' Equity                       (87,795,881)
   Postpetition Cumulative Profit or Loss            (3,718,511)
   Direct Charges to Equity                                   -
                                                 --------------
Total Equity                                        (91,514,392)
                                                 --------------
Total Liabilities & Owners' Equity                  $61,517,486
                                                 ==============


                     Preferred Retreats, LLC
                     Statement of Operations
                       August 1 to 31, 2006

Revenues
   Gross Revenues                                    $1,154,624
   Less: Returns & Discounts                            (18,472)
                                                 --------------
Net Revenue                                           1,136,152

Cost of Goods Sold
   Material                                           1,759,542
   Direct Labor                                               -
   Direct Overhead                                      631,545
                                                 --------------
Total Cost of Goods Sold                              2,391,087
                                                 --------------
Gross Profit                                         (1,254,935)

Operating Expenses
   Officer/Insider Compensation                         119,335
   Selling & Marketing                                   83,319
   General Administration                             1,422,962
   Rent & Lease                                         599,119
   Other                                              1,874,929
                                                 --------------
Total Operating Expenses                              4,099,664
                                                 --------------
Income Before Non-Operating Income & Expenses        (5,354,599)

Other Income & Expenses
   Non-operating Income                                       -
   Non-operating Expense                                 57,345
   Interest Expense                                          16
   Depreciation/Depletion                                72,384
   Amortization                                               -
   Other                                                (24,599)
                                                 --------------
Net Other Income & Expenses                             105,146

Reorganization Expenses
   Professional Fees                                     53,939
   U.S. Trustee Fees                                          -
   Other                                                    140
                                                 --------------
Total Reorganization Expenses                            54,079
                                                 --------------
Income Tax                                                  250
                                                 --------------
Net Profit (Loss)                                   ($5,514,074)
                                                 ==============


              Preferred Retreats, LLC & Subsidiaries
           Consolidated Cash Receipts and Disbursements
                    July 24 to August 31, 2006

Cash - Beginning of Month                              $459,721

Receipts from Operations
   Cash Sales                                           878,852

Collection of Accounts Receivable
   Prepetition                                                -
   Postpetition                                               -
                                                 --------------
Total Operating Receipts                                878,852

Non-operating Receipts
   Loans & Advances                                   5,949,714
   Sale of Assets                                       189,000
   Other                                                      -
                                                 --------------
Total Non-operating Receipts                          6,138,714
                                                 --------------
Total Receipts                                        7,017,566
                                                 --------------
Total Cash Available                                  7,477,287

Operating Disbursements
   Gross Payroll                                      1,490,838
   Payroll Taxes Paid                                         -
   Sales, Use & Other Taxes Paid                          6,462
   Secured/Rental/Leases                              1,999,865
   Utilities                                             76,583
   Insurance                                            196,501
   Mortgages                                            171,506
   Interest                                           1,100,981
   Employee Expenses                                    103,738
   House Keeping & Contract Labor                       167,992
   Repairs & Maintenance                                 27,022
   Field Expenses                                       225,463
   International Destination Expenses                   189,341
   HOA                                                   45,878
   Other                                                238,499
                                                 --------------
Total Operating Disbursements                         6,040,669

Reorganization Expenses
   Professional Fees                                    333,488
   U.S. Trustee Fees                                          -
   Other                                                374,000
                                                 --------------
Total Reorganization Expenses                           707,488
                                                 --------------
Total Disbursements                                   6,748,157
                                                 --------------
Net Cash Flow                                           269,408
                                                 --------------
Cash - End of Month                                    $729,130
                                                 ==============

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  Complete Retreats and its debtor-
affiliates filed for chapter 11 protection on July 23, 2006
(Bankr. D. Conn. Case No. 06-50245).  Nicholas H. Mancuso, Esq.
and Jeffrey K. Daman, Esq. at Dechert LLP represent the Debtors in
their restructuring efforts.  Michael J. Reilly, Esq., at Bingham
McCutchen LP, in Hartford, Connecticut, serves as counsel to the
Official Committee of Unsecured Creditors.  No estimated assets
have been listed in the Debtors' schedules, however, the Debtors
disclosed $308,000,000 in total debts.  (Complete Retreats
Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: Private Files August 2006 Operating Report
-------------------------------------------------------------

                      Private Retreats, LLC
                          Balance Sheet
                      As of August 31, 2006

                              ASSETS

Unrestricted Cash                                       $40,021
Restricted Cash                                           1,676
                                                 --------------
Total Cash                                               41,697

Accounts Receivable (Net)                                     -
Inventory                                                44,131
Notes Receivable                                        570,356
Prepaid Expenses                                         35,000
Other                                                         -
                                                 --------------
Total Current Assets                                    649,488

Property, Plant & Equipment                          53,994,003
Accumulated Depreciation/Depletion                   (7,612,539)
                                                 --------------
Net Property, Plant & Equipment                      46,381,464

Due from Insiders                                             -
Other Assets - Net of Amortization                   10,836,445
Other                                                 9,599,436
                                                 --------------
Total Assets                                        $67,508,529
                                                 ==============

                   LIABILITIES & OWNERS' EQUITY

Postpetition Liabilities
   Accounts Payable                                           -
   Taxes Payable                                              -
   Notes Payable                                              -
   Professional Fees                                          -
   Secured Debt                                               -
   Other                                              ($429,200)
                                                 --------------
Total Postpetition Liabilities                         (429,200)

Prepetition Liabilities
   Secured Debt                                       3,357,662
   Priority Debt                                              -
   Unsecured Debt                                    32,845,004
   Other                                              5,326,602
                                                 --------------
Total Prepetition Liabilities                        41,529,268
                                                 --------------
Total Liabilities                                    41,100,068

Equity
   Prepetition Owners' Equity                        26,636,482
   Postpetition Cumulative Profit or Loss              (228,020)
   Direct Charges to Equity                                   -
                                                 --------------
Total Equity                                         26,408,461
                                                 --------------
Total Liabilities & Owners' Equity                  $67,508,529
                                                 ==============


                      Private Retreats, LLC
                     Statement of Operations
                       August 1 to 31, 2006

Revenues
   Gross Revenues                                      $830,569
   Less: Returns & Discounts                                  -
                                                 --------------
Net Revenue                                             830,569

Cost of Goods Sold
   Material                                             185,386
   Direct Labor                                               -
   Direct Overhead                                            -
                                                 --------------
Total Cost of Goods Sold                                185,386
                                                 --------------
Gross Profit                                            645,183

Operating Expenses
   Officer/Insider Compensation                               -
   Selling & Marketing                                        -
   General Administration                                     -
   Rent & Lease                                               -
   Other                                                (75,953)
                                                 --------------
Total Operating Expenses                                (75,953)
                                                 --------------
Income Before Non-Operating Income & Expenses           721,136

Other Income & Expenses
   Non-operating Income                                       -
   Non-operating Expense                                      -
   Interest Expense                                     583,388
   Depreciation/Depletion                               123,708
   Amortization                                         235,031
   Other                                                      -
                                                 --------------
Net Other Income & Expenses                             942,127

Reorganization Expenses
   Professional Fees                                        644
   U.S. Trustee Fees                                          -
   Other                                                      -
                                                 --------------
Total Reorganization Expenses                               644
                                                 --------------
Income Tax                                                    -
                                                 --------------
Net Profit (Loss)                                     ($221,635)
                                                 ==============

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  Complete Retreats and its debtor-
affiliates filed for chapter 11 protection on July 23, 2006
(Bankr. D. Conn. Case No. 06-50245).  Nicholas H. Mancuso, Esq.
and Jeffrey K. Daman, Esq. at Dechert LLP represent the Debtors in
their restructuring efforts.  Michael J. Reilly, Esq., at Bingham
McCutchen LP, in Hartford, Connecticut, serves as counsel to the
Official Committee of Unsecured Creditors.  No estimated assets
have been listed in the Debtors' schedules, however, the Debtors
disclosed $308,000,000 in total debts.  (Complete Retreats
Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: Private Nevis Files Schedules of Assets & Debts
------------------------------------------------------------------

A.   Real Property
        Nevis - Villas Paradiso
           Unit 1                                    $1,000,000
           Unit 2                                     1,950,000
           Unit 3                                     1,950,000
           Unit 4                                     1,950,000
           Unit 6                                     2,150,000
           Unit 7                                     2,150,000
           Unit 8                                     1,760,000
           Unit 9                                     1,760,000
           Unit 10                                    1,000,000
           Unit 11                                      900,000
           Unit 12                                      900,000
           Unit 13                                      900,000
           Unit 14                                      900,000
           Unit 15                                      900,000

B.   Personal Property                                        -
B.2  Bank Accounts
        Century Corp.
           dba Private Retreats - Bank of Nevis          40,233
B.13 Stock and Interests in Businesses
        Century Corporation - 100%                      unknown
        Private Retreats Paradiso, Ltd. - 100%          unknown

     TOTAL SCHEDULED ASSETS                         $20,210,233
                                                    ===========

C.   Property Claimed as Exempt                               -

D.   Secured Claim
        The Patriot Group, LLC - Darien, CT         $25,535,584

E.   Unsecured Priority Claims                                -

F.   Unsecured Non-priority Claims                            -

     TOTAL SCHEDULED LIABILITIES                    $25,535,584
                                                    ===========

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  Complete Retreats and its debtor-
affiliates filed for chapter 11 protection on July 23, 2006
(Bankr. D. Conn. Case No. 06-50245).  Nicholas H. Mancuso, Esq.
and Jeffrey K. Daman, Esq. at Dechert LLP represent the Debtors in
their restructuring efforts.  Michael J. Reilly, Esq., at Bingham
McCutchen LP, in Hartford, Connecticut, serves as counsel to the
Official Committee of Unsecured Creditors.  No estimated assets
have been listed in the Debtors' schedules, however, the Debtors
disclosed $308,000,000 in total debts.  (Complete Retreats
Bankruptcy News, Issue No. 11; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).  


COMPLETE RETREATS: 54 Debtors File Statements of Financial Affairs
------------------------------------------------------------------
Fifty-four Debtors report that they didn't earn any income since
2004.

   (1) Private Retreats Nevis, LLC,
   (2) PR Esperanza II, LLC,
   (3) PR Esperanza III, LLC,
   (4) Private Retreats Deer Valley I, LLC,
   (5) Private Retreats Tahoe II, LLC,
   (6) Private Retreats Tahoe III, LLC,
   (7) Private Retreats Snake River I, LLC,
   (8) Private Retreats Snake River II, LLC,
   (9) Private Retreats Stowe II, LLC,
  (10) Private Retreats Stowe III, LLC,
  (11) Private Retreats Kamalani, LLC,
  (12) Private Retreats Tortuga, LLC,
  (13) Private Retreats Whitewing, LLC,
  (14) Private Retreats Belfair, LLC,
  (15) Private Retreats Tahoe I, LLC,
  (16) Private Retreats Steamboat II, LLC,
  (17) Private Retreats Cabin 4, LLC,
  (18) Private Retreats Cabin 8, LLC,
  (19) Private Retreats Colinas, LLC,
  (20) Private Retreats Preserve Way, LLC,
  (21) Private Retreats Highpoint, LLC,
  (22) Private Retreats Pinecone 305, LLC,
  (23) Private Retreats Summit, LLC,
  (24) Olde Cypress I PR, LLC,
  (25) Olde Cypress II PR, LLC,
  (26) Private Retreats Steamboat, LLC,
  (27) Private Retreats Yacht Club Tortola, LLC,
  (28) Private Retreats Yacht Club Mediterranean, LLC,
  (29) Private Retreats Teton I, LLC,
  (30) Private Retreats Tortola, LLC,
  (31) Private Retreats Hospitality, LLC,
  (32) Private Retreats Powell II, LLC,
  (33) Private Retreats Powell III, LLC,
  (34) Private Retreats Casa Dorada, LLC,
  (35) LR Management Co., LLC,
  (36) New Retreats Holding Co., LLC,
  (37) A&K Destinations, LLC,
  (38) Private Retreats II, LLC,
  (39) DR MGM I, LLC,
  (40) DR MGM II, LLC,
  (41) DR MGM III, LLC,
  (42) DR MGM IV, LLC,
  (43) Preferred Aviation, LLC,
  (44) Preferred Retreats Travel Co., LLC,
  (45) Preferred Retreats Design Group, LLC,
  (46) P180, LLC,
  (47) European Retreats, LLC,
  (48) DR Cerezas, LLC,
  (49) A&K Luxury Automobiles, LLC,
  (50) PR Vegas III, LLC,
  (51) Complete Retreats, LLC,
  (52) DR Abaco, LLC,
  (53) Private Retreats Telluride I, LLC, and
  (54) Private Retreats Belize, LLC.

These Debtors also didn't make any payments to creditors within
the 90 days before the Petition Date.

Creditors of some of these Debtors, including insiders, would have
been paid by and through Preferred Retreats, LLC.  Preferred
Retreats, LLC, made payments related to debt counseling or
bankruptcy on behalf of these Debtors.

Private Retreats Belize discloses it is a party to a foreclosure
proceeding initiated by Jeff Gram relating to its 2-acre property
known as Cayo Espanto in the town of San Pedro, Belize.

Private Retreats, LLC, is the sole shareholder of PR Vegas III,
LLC, and the sole member of:

   -- PR Esperanza II, LLC,
   -- PR Esperanza III, LLC,
   -- Private Retreats Deer Valley I, LLC,
   -- Private Retreats Tahoe II, LLC,
   -- Private Retreats Tahoe III, LLC,
   -- Private Retreats Snake River I, LLC,
   -- Private Retreats Snake River II, LLC,
   -- Private Retreats Stowe II, LLC,
   -- Private Retreats Stowe III, LLC,
   -- Private Retreats Kamalani, LLC,
   -- Private Retreats Tortuga, LLC,
   -- Private Retreats Whitewing, LLC,
   -- Private Retreats Belfair, LLC,
   -- Private Retreats Tahoe I, LLC,
   -- Private Retreats Steamboat II, LLC,
   -- Private Retreats Cabin 4, LLC,
   -- Private Retreats Cabin 8, LLC,
   -- Private Retreats Colinas, LLC,
   -- Private Retreats Preserve Way, LLC,
   -- Private Retreats Highpoint, LLC,
   -- Private Retreats Pinecone 305, LLC,
   -- Private Retreats Summit, LLC,
   -- Olde Cypress I PR, LLC,
   -- Olde Cypress II PR, LLC,
   -- Private Retreats Steamboat, LLC,
   -- Private Retreats Yacht Club Tortola, LLC,
   -- Private Retreats Yacht Club Mediterranean, LLC,
   -- Private Retreats Teton I, LLC,
   -- Private Retreats Tortola, LLC,
   -- Private Retreats Hospitality, LLC,
   -- Private Retreats Powell II, LLC,
   -- Private Retreats Powell III, LLC,
   -- Private Retreats Casa Dorada, LLC,
   -- Private Retreats Telluride I, LLC, and
   -- Private Retreats Belize, LLC.

Distinctive Retreats, LLC, is the sole shareholder of Private
Retreats Nevis, and the sole member of:

   -- DR MGM I, LLC,
   -- DR MGM II, LLC,
   -- DR MGM III, LLC, and
   -- DR MGM IV, LLC.

Preferred Retreats, LLC, is the sole shareholder of:

   -- Preferred Aviation, LLC,
   -- Preferred Retreats Travel Co., LLC,
   -- Preferred Retreats Design Group, LLC, and
   -- P180, LLC.

Complete Retreats, LLC, is the sole shareholder of European
Retreats, LLC, which in turn is a partner or owns 5% or more of
the voting or equity securities of DR Umbria, Ltd., a travel
Company.

Complete Retreats, LLC, is also a partner or owns of 5% or more of
the voting or equity securities of:

   (a) Private Retreats, LLC,
   (b) Distinctive Retreats, LLC,
   (c) Legendary Retreats, LLC, and
   (d) Distinctive Retreats II, LLC.

Robert McGrath, president of Complete Retreats, LLC, holds 60% of
the voting or equity securities of the Company.  Each of Jim
Mitchell, secretary; Larry Langer, executive vice president and
assistant secretary; and Tom Fulton, shareholder, holds 12% of the
voting or equity securities of Complete Retreats, LLC.

Distinctive Retreats, LLC, is the sole shareholder while Private
Retreats, LLC, is the sole member of DR Cerezas, LLC.

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  Complete Retreats and its debtor-
affiliates filed for chapter 11 protection on July 23, 2006
(Bankr. D. Conn. Case No. 06-50245).  Nicholas H. Mancuso, Esq.
and Jeffrey K. Daman, Esq. at Dechert LLP represent the Debtors in
their restructuring efforts.  Michael J. Reilly, Esq., at Bingham
McCutchen LP, in Hartford, Connecticut, serves as counsel to the
Official Committee of Unsecured Creditors.  No estimated assets
have been listed in the Debtors' schedules, however, the Debtors
disclosed $308,000,000 in total debts.  (Complete Retreats
Bankruptcy News, Issue No. 11; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


DELTA AIR: Incurs $11 Million Net Loss in August 2006
-----------------------------------------------------
Delta Air Lines filed its Monthly Operating Report for
August 2006 with the U.S. Bankruptcy Court for the Southern
District of New York.  Key points include:

     * The Company's August 2006 net loss was $11 million.

     * As of August 31, 2006, the Company had $3 billion of
       unrestricted cash, cash equivalents and short-term
       investments.

The Company reported a net loss of $11 million in the month of
August 2006, a $147 million improvement compared to the net loss
of $158 million in August 2005.  As of August 31, 2006, Delta had
$3.9 billion of cash, cash equivalents and short-term investments,
of which $3.0 billion was unrestricted.

                    Restructuring Progress

In September 2005, the Company announced a comprehensive
restructuring plan intended to deliver an additional $3 billion in
annual financial benefits through revenue improvements and cost
reductions by the end of 2007.  During the month of August
progress in restructuring its business is reflected by:

     * Reducing mainline non-fuel CASM(1) to 6.66 cents for the
       month, a 7.6 percent reduction from August 2005.

     * Increasing consolidated passenger unit revenue to
       10.64 cents, a 12.8 percent improvement compared to
       August 2005.

"During the month of August, Delta continued to make progress as
evidenced by our revenue and cost performance," Edward H. Bastian,
executive vice president and chief financial officer, said.  
"While we have more work ahead of us to achieve sustained
profitability, we are encouraged by our results to date and are on
track with our restructuring plan."

                Important Financial Disclosure

The Company disclosed that it believes that its currently
outstanding common stock will have no value and will be canceled
under any plan of reorganization we propose, and that the value of
our various pre-petition liabilities and other securities is
highly speculative.  Accordingly, the Company urges that caution
be exercised with respect to existing and future investments in
any of these liabilities and/or securities.

                      DELTA AIR LINES, INC.
            Unaudited Consolidated Balance Sheets
                      As of August 31, 2006

                             ASSETS

CURRENT ASSETS:
Cash and cash equivalents                        $2,441,000,000
Short-term investments                              560,000,000
Restricted cash                                     852,000,000
Accounts receivable, net of an allowance for
   uncollectible accounts of $38                    972,000,000
Expendable parts and supplies inventories, net
   of an allowance for obsolescence of $181         174,000,000
Prepaid expenses and other                          795,000,000
                                                ---------------
Total current assets                              5,794,000,000

PROPERTY AND EQUIPMENT:
Flight equipment                                 17,998,000,000
Accumulated depreciation                         (6,710,000,000)
                                                ---------------
Flight equipment, net                            11,288,000,000

Flight and ground equipment
   under capital leases                             503,000,000
Accumulated amortization                           (162,000,000)
                                                ---------------
Flight and ground equipment
   under capital leases, net                        341,000,000
                                                ---------------

Ground property and equipment                     4,664,000,000
Accumulated depreciation                         (2,876,000,000)
                                                ---------------
Ground property and equipment, net                1,788,000,000

Advance payments for equipment                       48,000,000
                                                ---------------
Total property and equipment, net                13,465,000,000

OTHER ASSETS:
Goodwill                                            227,000,000
Operating rights and other intangibles,
   net of accumulated amortization of $193           70,000,000
Other noncurrent assets                             955,000,000
                                                ---------------
Total other assets                                1,252,000,000
                                                ---------------
Total assets                                    $20,511,000,000
                                                ===============

             LIABILITIES AND SHAREOWNERS' DEFICIT

CURRENT LIABILITIES:
Current maturities of long-term debt
   and capital leases                            $1,401,000,000
Accounts payable, deferred credits
   and other accrued liabilities                  1,631,000,000
Air traffic liability                             2,064,000,000
Taxes payable                                       621,000,000
Accrued salaries and related benefits               394,000,000
                                                ---------------
Total current liabilities                         6,111,000,000

NONCURRENT LIABILITIES:
Long-term debt and capital leases                 6,481,000,000
Deferred revenue and other credits                  294,000,000
Other                                               391,000,000
                                                ---------------
Total noncurrent liabilities                      7,166,000,000

LIABILITIES SUBJECT TO COMPROMISE                21,045,000,000

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                        1,561,000,000
Accumulated deficit                             (12,427,000,000)
Accumulated other comprehensive loss             (2,723,000,000)
Treasury stock at cost, 4,745,710 shares           (224,000,000)
                                                ---------------
Total shareowners' deficit                      (13,811,000,000)
                                                ---------------
Total liabilities and shareowners' deficit      $20,511,000,000
                                                ===============


                      DELTA AIR LINES, INC.
          Unaudited Consolidated Statement of Operations
               For the Month Ended August 31, 2006

OPERATING REVENUES:
Passenger:
   Mainline                                      $1,104,000,000
   Regional affiliates                              354,000,000
Cargo                                                42,000,000
Other, net                                          101,000,000
                                                ---------------
Total operating revenues                          1,601,000,000

OPERATING EXPENSES:
Aircraft fuel                                       431,000,000
Salaries and related costs                          340,000,000
Contract carrier arrangements                       247,000,000
Depreciation and amortization                        98,000,000
Contracted services                                  88,000,000
Passenger commissions and
   other selling expenses                            82,000,000
Landing fees and other rents                         66,000,000
Aircraft maintenance materials and
   outside repairs                                   62,000,000
Passenger service                                    33,000,000
Aircraft rent                                        25,000,000
Restructuring, asset writedowns, pension
   settlements and related items, net                 1,000,000
Other                                                66,000,000
                                                ---------------
Total operating expenses                          1,539,000,000
                                                ---------------
OPERATING INCOME                                     62,000,000
                                                ---------------
OTHER INCOME (EXPENSE):
Interest expense (contractual interest
   expense equals $103 for the month ended
   August 31, 2006)                                 (77,000,000)
Interest income                                       7,000,000
Miscellaneous, net                                   (3,000,000)
                                                ---------------
Total other expense, net                            (73,000,000)
                                                ---------------
INCOME BEFORE REORGANIZATION ITEMS, NET             (11,000,000)

REORGANIZATION ITEMS, NET                                    --
                                                ---------------
LOSS BEFORE INCOME TAXES                            (11,000,000)

INCOME TAX PROVISION                                         --
                                                ---------------
NET INCOME                                         ($11,000,000)
                                                ===============


                      DELTA AIR LINES, INC.
         Unaudited Consolidated Statements of Cash Flows
                For the Month ended August 31, 2006

CASH FLOWS FROM OPERATING ACTIVITIES               ($24,000,000)

CASH FLOWS FROM INVESTING ACTIVITIES:
Property and equipment additions:
   Flight equipment, including
      advance payments                              (22,000,000)
   Ground property and equipment                     (9,000,000)
Proceeds from sale of flight equipment                1,000,000
Decrease in restricted cash                          53,000,000
                                                ---------------
Net cash provided by investing activities            23,000,000

CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on long-term debt and
   capital lease obligations                        (28,000,000)
                                                ---------------
Net cash used by financing activities               (28,000,000)
                                                ---------------
Net increase in cash and cash equivalents           (29,000,000)

Cash & cash equivalents at beginning of period    2,470,000,000
                                                ---------------
Cash & cash equivalents at end of period         $2,441,000,000
                                                ===============

Headquartered in Atlanta, Georgia, Delta Air Lines
-- http://www.delta.com/-- is the world's second-largest airline  
in terms of passengers carried and the leading U.S. carrier across
the Atlantic, offering daily flights to 502 destinations in 88
countries on Delta, Song, Delta Shuttle, the Delta Connection
carriers and its worldwide partners.  The Company and 18
affiliates filed for chapter 11 protection on Sept. 14, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-17923).  Marshall S. Huebner,
Esq., at Davis Polk & Wardwell, represents the Debtors in their
restructuring efforts.  Timothy R. Coleman at The Blackstone Group
L.P. provides the Debtors with financial advice.  Daniel H.
Golden, Esq., and Lisa G. Beckerman, Esq., at Akin Gump Strauss
Hauer & Feld LLP, provide the Official Committee of Unsecured
Creditors with legal advice.  John McKenna, Jr., at Houlihan Lokey
Howard & Zukin Capital and James S. Feltman at Mesirow Financial
Consulting, LLC, serve as the Committee's financial advisors.  As
of June 30, 2005, the Company's balance sheet showed $21.5 billion
in assets and $28.5 billion in liabilities. (Delta Air Lines
Bankruptcy News, Issue No. 45; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)  


MERIDIAN AUTOMOTIVE: Posts $13.3 Million Net Loss for August 2006
-----------------------------------------------------------------

             Meridian Automotive Systems - Composites
                 Operations, Inc. and Subsidiaries
               Unaudited Consolidated Balance Sheet
                      As of August 31, 2006
                          (In Thousands)

CURRENT ASSETS:
    Cash                                                      -
    Accounts receivable, net                            $81,996
    Intercompany receivable                              14,321
    Inventories                                          63,410
    Tooling costs in excess of billings and others       30,800
                                                     ----------
       TOTAL CURRENT ASSETS                             190,527
                                                     ----------
    Property, plant and equipment, net                  213,734
    Intangible assets                                    15,213
    Investment in subsidiaries                           23,863
    Other assets                                         11,125
                                                     ----------
       TOTAL ASSETS                                    $454,462
                                                     ==========

CURRENT LIABILITIES NOT SUBJECT TO COMPROMISE:
    Current portion of long term debt                  $347,552
    Accounts payable                                     47,223
    Accrued expenses                                     46,161
    Tooling billings in excess of costs                   5,459
                                                     ----------
       TOTAL CURRENT LIABILITIES                        446,395
                                                     ----------

    Liabilities subject to compromise                   497,777

    Non-Current Liabilities Not Subject to Compromise:
       Other long-term liabilities                        8,892
       Accumulated post-retirement benefit obligation    23,468
                                                     ----------
       TOTAL LIABILITIES                                976,532
       SHAREHOLDERS' EQUITY                            (522,070)
                                                     ----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY             $454,462
                                                     ==========


              Meridian Automotive Systems - Composite
                 Operations, Inc. and Subsidiaries
                 Unaudited Statement of Operations
                       August 1 to 31, 2006
                          (In Thousands)

Net sales                                               $67,939
Cost of sales                                            64,422
                                                     ----------
Gross profit                                              3,517

Selling, general and administrative expenses              2,766
Restructuring charges                                     2,127
                                                     ----------
Operating income (loss)                                  (1,376)

Interest expense, net                                     9,767
Other (expense) income                                      (52)
Chapter 11 and related reorganization items               2,208
                                                     ----------
Loss before provision for income taxes                  (13,299)
(Benefit) Provision for income taxes                         14
                                                     ----------
NET LOSS                                               ($13,313)
                                                     ==========


              Meridian Automotive Systems - Composite
                 Operations, Inc. and Subsidiaries
                 Unaudited Statement of Cash Flows
                       August 1 to 31, 2006
                          (In Thousands)

OPERATING ACTIVITIES:
    Net loss                                           ($13,313)
    Adjustments required to reconcile net loss to net
     cash provided by (used in) operating activities:
       Depreciation, amortization, and impairment         4,440
       Change in working capital and other operating
        items                                             6,066
                                                     ----------
     Net cash provided by (used for) operating
      activities before reorganization items             (2,807)
                                                     ----------
     Operating cash flows from reorganization items:
        Chapter 11 and related reorganization items       2,208
        Payments on Chapter 11 and related reorg items   (1,236)
                                                     ----------
     Net cash provided by Chapter 11 and related
      reorg items                                           972

     Net cash provided by (used for) operating
      activities                                         (1,835)

INVESTING ACTIVITIES:
    Additions to property and equipment                  (1,794)
    Proceeds from sale or property and equipment             29
                                                     ----------
    Net cash used for investing activities               (1,765)
                                                     ----------

FINANCING ACTIVITIES:
    Proceeds from prepetition borrowings                      -
    Repayments of prepetition borrowings                      -
    Proceeds from DIP credit facility                    33,400
    Repayments of DIP credit facility                   (29,800)
    Repayments on prepetition long-term debt                  -
    Deferred financing costs capitalized                      -
                                                     ----------
Net cash (used for) provided by financing activities      3,600
                                                     ----------
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. 40;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


SAINT VINCENTS: Files August 2006 Monthly Operating Report
----------------------------------------------------------

                           SVCMC Debtors
               Unaudited Consolidated Balance Sheet
                        As of August 31, 2006

ASSETS
Cash & Cash Equivalents                             $47,484,161
Investments                                                   -
Patients Accounts Receivable, less allowance for
    doubtful accounts                               147,530,593
Accounts Receivable, other                           49,113,625
Other Current Assets                                 46,714,118
Assets Held for Sale                                 82,798,413
                                                 --------------
    Total Current Assets                            373,640,910

Depreciation Reserve Funds & Collaterized Assets     10,458,561
Assets Designated for Self-Insurance
    Investments at Market                            46,059,904
Assets whose use is limited -
    Investments at Market                            54,059,264
Other Non-Current Assets                             20,426,100
Land, Buildings & Equipment, net of
    Accumulated Depreciation                        134,361,346
                                                 --------------
     Total Assets                                  $639,006,085
                                                 ==============

LIABILITIES AND NET ASSETS
Liabilities Not Subject to Compromise:
    Long-term Debt                                 $106,203,045
    Long-term Debt (GE)                             169,000,000
    Accounts Payable and Accrued Expenses           142,322,236
    Accrued Salaries & Payroll Taxes Withheld        50,629,133
    Estimated Retroactive Payables to
     third parties, net                              88,314,767
    Other Non-current Liabilities &
     Prof Liability                                  39,513,520
    Liabilities Held for Sale                        38,978,796
                                                 --------------
    Total Liabilities Not Subject to Compromise     634,961,497

Liabilities Subject to Compromise
    Liabilities Subject to Compromise               481,131,676
                                                 --------------
    Total Liabilities Subject to Compromise         481,131,676
                                                 --------------
    Total Liabilities                             1,116,093,173

Net Assets:
    Unrestricted                                   (537,150,014)
    Temporarily Restricted                           35,369,053
    Permanently Restricted                           24,693,873
                                                 --------------
    Total Net Assets                               (477,087,088)
                                                 --------------
    Total Liabilities & Net Assets                 $639,006,085
                                                 ==============

                           SVCMC Debtors
              Unaudited Consolidated Income Statement
                   From August 1 to August 31, 2006

Operating Revenue
    Inpatient                                       $68,281,589
    Outpatient                                       32,204,621
                                                 --------------
       Patient Service Revenue                      100,486,210
                                                 --------------
    Less Provision for Bad Debt                       7,069,327
                                                 --------------
       Net Patient Service Revenue                   93,416,883
                                                 --------------
    Pool Revenue                                      3,863,271
    Capitation                                        7,564,965
    Other                                            12,364,936
                                                 --------------
    Total Operating Revenue                         117,210,055

Operating Expenses:
    Salaries and Wages                               49,532,058
    Fringe Benefits                                  13,606,125
    Supplies and Other                               37,333,358
    Insurance                                         4,304,715
                                                 --------------
    Total Direct Operating Costs                    104,776,257

    Salaries and Wages                                2,711,333
    Fringe Benefits                                     755,377
    Supplies and Other                                6,724,543
                                                 --------------
    Total Corporate Allocated                        10,191,254
                                                 --------------
    Total Operating Expense                         114,967,511
                                                 --------------
Interest                                              3,636,515
Depreciation                                         (9,825,816)
                                                 --------------
    Operating Gain (Loss) Before
       Non-Recurring and/or Unusual Items             8,431,846

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         (2,700,873)
    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         (2,700,873)
                                                 --------------
    Operating Gain (Loss) After
       Non-Recurring and/or Unusual Items             5,730,973
                                                 --------------
Non-Operating Revenue                                 3,196,077
Change in Temporary Restricted Net Assets             2,681,268
                                                 --------------
    Change in Net Assets                            $11,608,318
                                                 --------------
    EBITDA                                           $2,242,545
                                                 ==============

                           SVCMC Debtors
                 Unaudited Statement of Cash Flows
                  From August 1 to August 31, 2006

Cash Flows from Operation Activities:
    Changes in Net Assets                            $8,710,904

Adjustments to Reconcile Changes in Net Assets
    to Net Cash Provided by Operating Activities:
    Depreciation & Amortization                      (9,825,816)
    Change in Unrealized Gains & Losses              (2,672,212)
    Change in Patient's Accounts Receivable           1,381,170
    Change in Accounts Receivables, Other            (4,060,934)
    Change in Prepaid Expenses & Other               (1,868,832)
    Change in Other Non-Current Assets                1,516,089
    Change in Accounts Payable &
       Accrued Exp-Postpetition                      20,083,614
    Change in Accrued Salaries & P/R Taxes            2,010,531
    Change in Est. Retro rec/pay
       from/to third parties                          3,001,688
    Change in Other Non-Current Liabilities           5,348,611
                                                 --------------
    Net Cash Provided by Operating Activities       $23,624,813

Cash flows From Investment Activities:
    Sale/(Purchase) of Investments, Net                 (92,059)
    Sale/(Purchase) of Assets Whose Use is Limited     (778,342)
    Acquisition/Sale of Land, Building,
       & Equipment                                   (1,583,552)
                                                 --------------
    Net Cash Provided by Investing Activities        (2,453,953)

Cash flows From Financing Activities:
    Proceeds/Repayment From/of Working Capital Loan           -
    Repayment of Long-term debt                        (149,895)
                                                 --------------
    Net Cash (Used) in Financing Activities            (149,895)

    Net Increase (Decrease)
       in Cash & Cash Equivalents                    21,020,965

    Cash & Cash Equivalents at Beginning of Month    26,463,196
                                                 --------------
    Cash & Cash Equivalents at End of the Month     $47,484,161
                                                 ==============

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. 36 Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


SOLUTIA INC: Earns $1 Million in August 2006
--------------------------------------------

                 Solutia Chapter 11 Debtors
           Unaudited Statement of Consolidated
                    Financial Position
                   As of August 31, 2006

                          ASSETS

Cash                                                $95,000,000
Trade Receivables, net                              192,000,000
Account Receivables-Unconsolidated Subsidiaries      46,000,000
Inventories                                         192,000,000
Other Current Assets                                 87,000,000
Assets of Discontinued Operations                             -
                                                ---------------
Total Current Assets                                612,000,000

Property, Plant and Equipment, net                  662,000,000
Investments in Subsidiaries and Affiliates          587,000,000
Intangible Assets, net                              100,000,000
Other Assets                                         60,000,000
                                                ---------------
Total Assets                                     $2,021,000,000
                                                ===============

              LIABILITIES AND SHAREHOLDERS' DEFICIT

Accounts Payable                                   $171,000,000
Short Term Debt                                     650,000,000
Other Current Liabilities                           179,000,000
Liabilities of Discontinued Operations                        -
                                                ---------------
Total Current Liabilities                         1,000,000,000
Other Long-Term Liabilities                         192,000,000
                                                ---------------
Total Liabilities not Subject to Compromise       1,192,000,000
Liabilities Subject to Compromise                 2,150,000,000

Shareholders' Deficit                            (1,321,000,000)
                                                ---------------
Total Liabilities & Shareholders' Deficit        $2,021,000,000
                                                ===============


                 Solutia Chapter 11 Debtors
       Unaudited Consolidated Statement of Operations
           For the Month Ended August 31, 2006

Total Net Sales                                    $220,000,000
Total Cost Of Goods Sold                            198,000,000
                                                ---------------
Gross Profit                                         22,000,000
Total MAT Expense                                    16,000,000
                                                ---------------
Operating Income                                      6,000,000

Equity Earnings from Affiliates                       2,000,000
Interest Expense, net                                (7,000,000)
Other Income, net                                     5,000,000
Reorganization Items:
Professional fees                                    (5,000,000)
Employee severance and retention costs                        -
Other                                                         -
                                                ---------------
                                                     (5,000,000)
                                                ---------------
Income Before Taxes                                   1,000,000

Income tax expense (benefit)                                  -
                                                ---------------
Net Income                                           $1,000,000
                                                ===============

Headquartered in St. Louis, Missouri, Solutia, Inc. (OTCBB:SOLUQ)
-- http://www.solutia.com/-- with its subsidiaries, make and sell  
a variety of high-performance chemical-based materials used in a
broad range of consumer and industrial applications.  The Company
filed for chapter 11 protection on Dec. 17, 2003 (Bankr. S.D.N.Y.
Case No. 03-17949).  When the Debtors filed for protection from
their creditors, they listed $2,854,000,000 in assets and
$3,223,000,000 in debts.  Solutia is represented by Richard M.
Cieri, Esq., at Kirkland & Ellis.  Daniel H. Golden, Esq., Ira S.
Dizengoff, Esq., and Russel J. Reid, Esq., at Akin Gump Strauss
Hauer & Feld LLP represent the Official Committee of Unsecured
Creditors, and Derron S. Slonecker at Houlihan Lokey Howard &
Zukin Capital provides the Creditors' Committee with financial
advice.  (Solutia Bankruptcy News, Issue No. 71; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or  
215/945-7000).


SONICBLUE INC: Files August 2006 Monthly Operating Report
---------------------------------------------------------
On Oct. 11, 2006, SONICblue Incorporated reports that it is
sitting on $78,623,575 of cash, has accrued $769,553 in
postpetition liabilities and faces a $236,604,166 of prepetition
liabilities.

A full-text copy of SONICblue Inc.'s August 2006 Operating
Report is available at no charge at:

              http://ResearchArchives.com/t/s?136f

                         About SONICBlue

Headquartered in Santa Clara, California, SONICblue Incorporated
is involved in the converging Internet, digital media,
entertainment and consumer electronics markets.  The Company,
together with three of its wholly owned subsidiaries, Diamond
Multimedia Systems, Inc., ReplayTV, Inc., and Sensory Science
Corporation, filed for chapter 11 protection on Mar. 21, 2003
(Bankr. N.D. Calif. Case Nos. 03-51775 to 03-51778).  Craig A.
Barbarosh, Esq., at the Law Offices of Pillsbury Winthrop,
represents the Debtors in their restructuring efforts.  When the
Debtors filed for protection from their creditors, they listed
assets totaling $342,871,000 and debts totaling $335,473,000.


THAXTON GROUP: Posts $5,382,467 Net Loss for August 2006
--------------------------------------------------------
The Thaxton Group, Inc., filed its filed its monthly operating
report for August 2006 with the U.S. Bankruptcy Court for the
District of Delaware.

The Debtor reported a net loss of $5,382,467 from total revenue of
$4,704,304, for the month ended Aug. 31, 2006.

At Aug. 31, 2006, Acceptance Insurance Companies Inc.'s balance
sheet showed:

        Total Assets                          $99,394,354
        Total Liabilities                    $185,262,790
        Total Shareholders' Deficit           $85,868,436

A full-text copy of the Thaxton Group's August 2006 Monthly
Operating Report is available at no charge at:

              http://ResearchArchives.com/t/s?136e

                         About Thaxton

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, 200
(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 AUTO: Posts $16.8 Million Net Loss in August 2006
-------------------------------------------------------

             Tower Automotive, Inc., and Subsidiaries
               Unaudited Consolidated Balance Sheet
                      As of August 31, 2006
                          (In Thousands)

Cash and cash equivalents                               $12,730
Accounts receivable                                     151,631
Inventories                                              65,638
Prepaid tooling and other                                22,337
                                                   ------------
       TOTAL CURRENT ASSETS                             252,336
                                                   ------------

Property, plant and equipment, net                      513,730
Investment in and advances to (from) affiliate          775,120
Other assets, net                                        48,762
                                                   ------------
       TOTAL ASSETS                                  $1,589,948
                                                   ============

CURRENT LIABILITIES NOT SUBJECT TO COMPROMISE:
Current maturities of L-T debt and capital lease        $14,254
    obligations
Current maturities of DIP borrowings                    626,500
Accounts payable                                        115,641
Accrued liabilities                                      99,561
                                                   ------------
       TOTAL CURRENT LIABILITIES                        855,956
                                                   ------------
Liabilities subject to comprise:                      1,309,238

Non-Current Liabilities Not Subject to
    Compromise:
Long-term debt, net of current maturities                84,751
Other non-current liabilities                            19,661
                                                   ------------
TOTAL LIABILITIES                                     2,269,606
                                                   ------------
STOCKHOLDERS' DEFICIT:                                 (679,658)
                                                   ------------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT:         $1,589,948
                                                   ============


             Tower Automotive, Inc., and Subsidiaries
                Unaudited Statement of Operations
                       August 1 to 31, 2006
                          (In Thousands)

Revenues                                               $121,295
Cost of sales                                           118,919
                                                   ------------
Gross profit                                              2,376

Selling, general and administrative expenses              5,463
Restructuring and asset impairment charges, net           4,650
Other operating income                                     (281)
                                                   ------------
Operating income (loss)                                  (7,456)

Interest expense                                          6,857
Interest income                                            (108)
Intercompany interest (income)/expense                   (2,520)
Chapter 11 and related reorganization items               4,968
                                                   ------------
Income (loss) before provision for income taxes,        (16,653)
    equity in earnings of joint ventures, and
    minority interest

Provision (benefit) for income taxes                        225
Income (loss) before equity in earnings of              (16,878)
    joint ventures
Equity in earnings of joint ventures, net of tax             43
                                                   ------------
NET INCOME/(LOSS)                                      ($16,835)
                                                   ============


             Tower Automotive, Inc., and Subsidiaries
                Unaudited Statement of Cash Flows
                       August 1 to 31, 2006
                          (In Thousands)

OPERATING ACTIVITIES:
Net loss                                               ($16,835)

Adjustments required to reconcile net loss
    to net cash provided by (used in)
    operating activities:

Chapter 11 & related reorganization items, net            3,929
Restructuring and asset impairment, net                       -
Depreciation                                              7,148
Equity in earnings of joint ventures, net                   (43)
Change in working capital & other operating items       (29,096)
                                                   ------------
Net cash provided by (used in) operating                (34,897)
    activities:

INVESTING ACTIVITIES:
Cash disbursed for purchase of property,                 (7,363)
    plant and equipment
                                                   ------------
Net cash used for investing activities                   (7,363)

FINANCING ACTIVITIES:
Proceeds from non-DIP borrowings                              -
Repayments of non-DIP borrowings                             (1)
Borrowings from DIP credit facility                     112,500
Repayments of borrowings from DIP facility              (84,500)
                                                   ------------
Net cash provided by (used in)                           27,999
    financing activities
                                                   ------------
Net change in cash and cash equivalents                 (14,261)
                                                   ------------
Cash and Cash Equivalents, beginning of period           26,991
                                                   ------------
Cash and Cash Equivalents, end of period                $12,730
                                                   ============

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. 45; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).

                             *********

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

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.  
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

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

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
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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
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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 G. Lopez,
Melvin C. Tabao, Robert Max Quiblat, Rizande B. Delos Santos,
Cherry A. Soriano-Baaclo, Christian Q. Salta, Jason A. Nieva,
Lucilo M. Pinili, Jr., 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
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
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