TCR_Public/061125.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

           Saturday, November 25, 2006, Vol. 10, No. 281

                             Headlines

CALPINE CORP:  Posts $151.7 Million Net Loss in September 2006
CATHOLIC CHURCH: Davenport Amends Schedules of Assets and Debts
COMPLETE RETREATS: Files October 2006 Monthly Operating Report
COMPLETE RETREATS: Distinctive's October 2006 Operating Report
COMPLETE RETREATS: Legendary Retreat's October 2006 Monthly Report

COMPLETE RETREATS: Preferred Retreat's Oct. 2006 Operating Report
COMPLETE RETREATS: Private Retreat's October 2006 Operating Report
FLYI INC: Posts $484,880 Net Loss in October 2006
FLYI INC: Independence Air Posts $10.4 Mil. Net Loss in Oct. 2006
FOAMEX INT'L: Earns $2.2 Million for Period Ended October 29

INTERSTATE BAKERIES: Posts $7M Net Loss for Period Ended Sept. 23
MUSICLAND HOLDING: Earns $27,000 for Month Ended October 2006
REFCO INC:  Files October 2006 Monthly Operating Report
ROWE COMPANIES: Posts $2.9 Mil. Net Loss for Period Ended Oct. 29
ROWE COMPANIES: Rowe Furniture Files Oct. 2006 Operating Report

ROWE COMPANIES: Storehouse Inc. Files Oct. 2006 Operating Report
WERNER HOLDING: Posts $12.2 Million Net Loss in October 2006

                             *********

CALPINE CORP:  Posts $151.7 Million Net Loss in September 2006
--------------------------------------------------------------

                       Calpine Corporation
              Condensed Consolidating Balance Sheet
                    As of September 30, 2006

                            ASSETS

Current assets:
    Cash and cash equivalents                       $988,975,000
    Accounts receivable, net                         828,043,000
    Margin deposits and other prepaid expense        341,972,000
    Inventories                                      180,757,000
    Restricted cash                                  431,769,000
    Current derivative assets                        184,878,000
    Current assets held for sale                     367,600,000
    Other current assets                            1 02,592,000
                                                 ---------------
Total current assets                               3,426,586,000

    Restricted cash, net of current portion          191,999,000
    Notes receivable, net of current portion         145,294,000
    Project development costs                         26,309,000
    Investments                                      101,311,000
    Deferred financing costs                         157,843,000
    Prepaid lease, net of current portion            184,781,000
    Property, plant and equipment, net            13,889,035,000
    Goodwill                                          45,160,000
    Other intangible assets, net                      51,332,000
    Long-term derivative assets                      394,392,000
    Other assets                                     613,672,000
                                                 ---------------
Total assets                                     $19,227,714,000
                                                 ===============

               LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities:
    Accounts payable                                $483,904,000
    Accrued payroll and related expense               37,848,000
    Accrued interest payable                         174,542,000
    Income taxes payable                              99,073,000
    Notes payable and other borrowings               149,738,000
    Preferred interests                                8,722,000
    Capital lease obligations                        284,530,000
    CCFC financing                                     3,208,000
    CalGen financing                               2,510,827,000
    Construction/project financing                   558,354,000
    DIP Facility                                       3,500,000
    Current derivative liabilities                   277,880,000
    Current liabilities held for sale                363,780,000
    Other current liabilities                        335,580,000
                                                 ---------------
Total current liabilities                          5,291,486,000

    Notes payable and other borrowings               420,719,000
    Preferred interests                              574,893,000
    Capital lease obligations                            224,000
    CCFC financing                                   778,663,000
    Construction/project financing                 1,474,200,000
    DIP Facility                                     993,875,000
    Deferred income taxes                            405,153,000
    Deferred revenue                                 109,920,000
    Long-term derivative liabilities                 528,159,000
    Other liabilities                                156,363,000
                                                 ---------------
Total liabilities not subject to compromise       10,733,655,000
Liabilities subject to compromise                 15,039,613,000

Minority interests                                   270,712,000
Stockholders' equity (deficit):
   Common stock                                          544,000
   Additional paid-in capital                      3,270,575,000
   Additional paid-in capital, loaned shares         185,600,000
   Additional paid-in capital, returnable shares    (185,600,000)
   Accumulated deficit                           (10,018,700,000)
   Accumulated other comprehensive loss              (68,685,000)
                                                 ---------------
Total stockholders' deficit                       (6,816,266,000)
                                                 ---------------
Total liabilities and stockholders' deficit      $19,227,714,000
                                                 ===============

                       Calpine Corporation
         Condensed Consolidating Statement of Operations
              For period ending September 30, 2006

Revenue:
   Electricity and steam revenue                    $429,362,000
   Sales of purchased power and gas
      for hedging and optimization                     3,293,000
   Mark-to-market activities, net                     23,189,000
   Other revenue                                       5,593,000
                                                 ---------------
Total revenue                                        461,437,000

Cost of revenue:
   Plant operating expense                            75,578,000
   Royalty expense                                     2,257,000
   Transmission purchase expense                       6,077,000
   Purchased power and gas expense
      for hedging and optimization                   (14,150,000)
   Fuel expense                                      288,212,000
   Depreciation and amortization expense              49,008,000
   Operating plant impairments                                 -
   Operating lease expense                             5,360,000
   Other cost of revenue                               6,060,000
                                                 ---------------
Total cost of revenue                                418,402,000
                                                 ---------------
Gross profit                                          43,035,000
Equipment, development project & other impairment      1,017,000
Project development expense                            1,481,000
Research and development expense                       1,408,000
Sales, general and administrative expense             21,239,000
                                                 ---------------
Income from operations                                17,890,000
Interest expense                                      76,616,000
Interest (income)                                     (6,646,000)
Minority interest expense                              2,594,000
Other (income) expense, net                           (3,354,000)
                                                 ---------------
Income (loss) before reorganization items
   and provision for income taxes                    (51,320,000)
Reorganization items                                 101,836,000
                                                 ---------------
Income (loss) before provision for income taxes     (153,156,000)
Provision (benefit) for income taxes                  (1,386,000)
                                                 ---------------
Net income (loss)                                  ($151,770,000)
                                                 ===============

Headquartered in San Jose, California, Calpine Corporation
(OTC Pink Sheets: CPNLQ) -- http://www.calpine.com/-- supplies  
customers and communities with electricity from clean, efficient,
natural gas-fired and geothermal power plants.  Calpine owns,
leases and operates integrated systems of plants in 21 U.S. states
and in three Canadian provinces.  Its customized products and
services include wholesale and retail electricity, gas turbine
components and services, energy management and a wide range of
power plant engineering, construction and maintenance and
operational services.

The company previously produced a portion of its fuel consumption
requirements from its own natural gas reserves. However, in July
2005, the company sold substantially all of its remaining domestic
oil and gas assets to Rosetta Resources Inc.

The company filed for chapter 11 protection on Dec. 20, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard M. Cieri, Esq.,
Matthew A. Cantor, Esq., Edward Sassower, Esq., and Robert G.
Burns, Esq., Kirkland & Ellis LLP represent the Debtors in their
restructuring efforts.  Michael S. Stamer, Esq., at Akin Gump
Strauss Hauer & Feld LLP, represents the Official Committee of
Unsecured Creditors.  As of Dec. 19, 2005, the Debtors listed
$26,628,755,663 in total assets and $22,535,577,121 in total
liabilities.  (Calpine Bankruptcy News, Issue No. 31; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or  
215/945-7000)


CATHOLIC CHURCH: Davenport Amends Schedules of Assets and Debts
---------------------------------------------------------------
The Catholic Diocese of Davenport has filed an amended Schedule A
to its Schedules of Assets and Liabilities with the U.S.
Bankruptcy Court for the Southern District of Iowa, to list all
real property in which the Diocese has any legal, equitable, or
future interest, including all property owned as a co-tenant,
community property, or in which, the Diocese has a life estate.  

Schedule A also includes any property that the Diocese holds
rights and powers exercisable for its own benefit.

As reported, Davenport's Schedule F (Creditors Holding Unsecured
Non-Priority Claims) reported that its largest unsecured creditors
are:

   -- Michl Uhde, which hold a $1,530,000 claim; and

   -- certain unknown sexual abuse victims, which unknown claim
      amounts.

The Diocese amended its Schedule F to identify five more
claimants:

   Entity                   Nature of Claim       Claim Amount
   ------                   ---------------       ------------
   Donald Kloss             
   P.O. BOX 173
   Madison Lake, MN
   56061                    Lawsuit Plaintiff       Unknown

   Gene Burns               
   907 E Avenue NW
   Cedar Rapids, IA
   52405                    Lawsuit Plaintiff       Unknown

   Mark Boley               Lawsuit Plaintiff       Unknown

   Michael Gould
   705 89th Court NW
   Bradenton, FL 34209      Lawsuit Plaintiff       Unknown

   Patrick Cannon
   3502 E. Balmoral Drive
   Orange, CA 92869         Lawsuit Plaintiff       Unknown

The amended Schedule F includes sexual abuse victims whose names
have been filed under seal.

A.    Real Property
         St. Vincent's Pastoral Center                $4,160,800
         26 Acre Farm in Davenport                       110,630
         Duplex building at Scott Street, Davenport      196,260
         House at 803 E 39th Street, Davenport            81,740

B.    Personal Property                                4,596,205

      TOTAL SCHEDULED ASSETS                          $9,145,635
      ==========================================================

C.    Property Claimed as Exempt                  Not applicable

D.    Creditors Holding Secured Claims                         0

E.    Creditors Holding Unsecured Priority Claims         49,950

F.    Creditors Holding Unsecured Non Priority Claims  1,606,489

      TOTAL SCHEDULED LIABILITIES                     $1,656,439
      ==========================================================

The Diocese of Davenport in Iowa filed for chapter 11 protection
(Bankr. S.D. Ia. Case No. 06-02229) on October 10, 2006.  Richard
A. Davidson, Esq., at Lane & Waterman LLP, represents the
Davenport Diocese in its restructuring efforts.  In its Schedules
of Assets and Liabilities filed with the Court, the Davenport
Diocese reports $4,492,809 in assets and $1,650,439 in
liabilities.  (Catholic Church Bankruptcy News, Issue No. 73;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


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

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

                              ASSETS

Unrestricted Cash                                              -
Restricted Cash                                                -
                                                  --------------
Total Cash                                                     -

Accounts Receivable (Net)                                      -
Inventory                                                      -
Notes Receivable                                               -
Prepaid Expenses                                               -
Other                                                          -
                                                  --------------
Total Current Assets                                           -

Property, Plant & Equipment                             $597,674
Less: Accumulated Depreciation/Depletion                       -
                                                  --------------
Net Property, Plant & Equipment                          597,674

Due from Insiders                                              -
Other Assets - Net of Amortization                             -
Other                                                    487,329
                                                  --------------
Total Assets                                          $1,085,002
                                                  ==============

                   LIABILITIES & OWNERS' EQUITY

Postpetition Liabilities
   Accounts Payable                                            -
   Taxes Payable                                               -
   Notes Payable                                               -
   Professional Fees                                           -
   Secured Debt                                                -
   Other                                                       -
                                                  --------------
Total Postpetition Liabilities                                 -

Prepetition Liabilities
   Secured Debt                                                -
   Priority Debt                                               -
   Unsecured Debt                                              -
   Other                                                $351,244
                                                  --------------
Total Prepetition Liabilities                            351,244
                                                  --------------
Total Liabilities                                        351,244

Equity
   Prepetition Owners' Equity                            733,759
   Postpetition Cumulative Profit or Loss                      -
   Direct Charges to Equity                                    -
                                                  --------------
Total Equity                                             733,759
                                                  --------------
Total Liabilities & Owners' Equity                    $1,085,002
                                                  ==============

                      Complete Retreats, LLC
                     Statement of Operations
                      October 1 to 31, 2006

Revenues
   Gross Revenues                                              -
   Less: Returns & Discounts                                   -
                                                  --------------
Net Revenue                                                   $0

Cost of Goods Sold
   Material                                                    -
   Direct Labor
   Direct Overhead                                             -
                                                  --------------
Total Cost of Goods Sold                                       0
                                                  --------------
Gross Profit                                                   0

Operating Expenses
   Officer/Insider Compensation                                -
   Selling & Marketing                                         -
   General Administration                                      -
   Rent & Lease                                                -
   Other                                                       -
                                                  --------------
Total Operating Expenses                                       0
                                                  --------------
Income Before Non-Operating Income & Expenses                  0

Other Income & Expenses
   Non-operating Income                                        -
   Non-operating Expense                                       -
   Interest Expense                                            -
   Depreciation/Depletion                                      -
   Amortization                                                -
   Other                                                       -
                                                  --------------
Net Other Income & Expenses                                    0

Reorganization Expenses
   Professional Fees                                           -
   U.S. Trustee Fees                                           -
   Other                                                       -
                                                  --------------
Total Reorganization Expenses                                  0
                                                  --------------
Income Tax                                                     0
                                                  --------------
Net Profit (Loss)                                             $0
                                                  ==============

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. 15; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or215/945-7000).   


COMPLETE RETREATS: Distinctive's October 2006 Operating Report
--------------------------------------------------------------

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

                              ASSETS

Unrestricted Cash                                              -
Restricted Cash                                                -
                                                  --------------
Total Cash                                                     -

Accounts Receivable (Net)                                $24,121
Inventory                                                 50,831
Notes Receivable                                               0
Prepaid Expenses                                         198,555
Other                                                          -
                                                  --------------
Total Current Assets                                     273,507

Property, Plant & Equipment                          105,374,936
Less: Accumulated Depreciation/Depletion              (2,980,614)
                                                  --------------
Net Property, Plant & Equipment                      102,394,322

Due from Insiders                                              -
Other Assets - Net of Amortization                     7,324,166
Other                                                130,646,660
                                                  --------------
Total Assets                                        $240,638,655
                                                  ==============

                   LIABILITIES & OWNERS' EQUITY

Postpetition Liabilities
   Accounts Payable                                           $5
   Taxes Payable                                               -
   Notes Payable                                      10,955,999
   Professional Fees                                           -
   Secured Debt                                                -
   Other                                              (1,415,474)
                                                  --------------
Total Postpetition Liabilities                         9,540,530

Prepetition Liabilities
   Secured Debt                                       28,999,547
   Priority Debt                                               -
   Unsecured Debt                                     35,377,332
   Other                                              25,724,480
                                                  --------------
Total Prepetition Liabilities                         90,101,359
                                                  --------------
Total Liabilities                                     99,641,889

Equity
   Prepetition Owners' Equity                        140,987,498
   Postpetition Cumulative Profit or Loss                  9,268
   Direct Charges to Equity                                    -
                                                  --------------
Total Equity                                         140,996,766
                                                  --------------
Total Liabilities & Owners' Equity                  $240,638,655
                                                  ==============

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

Revenues
   Gross Revenues                                       $991,590
   Less: Returns & Discounts                                   -
                                                  --------------
Net Revenue                                              991,590

Cost of Goods Sold
   Material                                              331,767
   Direct Labor                                                -
   Direct Overhead                                             -
                                                  --------------
Total Cost of Goods Sold                                 331,767
                                                  --------------
Gross Profit                                             659,823

Operating Expenses
   Officer/Insider Compensation                                -
   Selling & Marketing                                     2,145
   General Administration                                      -
   Rent & Lease                                                -
   Other                                                       -
                                                  --------------
Total Operating Expenses                                   2,145
                                                  --------------
Income Before Non-Operating Income & Expenses            657,678

Other Income & Expenses
   Non-operating Income                                        -
   Non-operating Expense                                       -
   Interest Expense                                      568,911
   Depreciation/Depletion                                 27,904
   Amortization                                           69,553
   Other                                                       -
                                                  --------------
Net Other Income & Expenses                              666,369

Reorganization Expenses
   Professional Fees                                     175,290
   U.S. Trustee Fees                                           -
   Other                                                       -
                                                  --------------
Total Reorganization Expenses                            175,290
                                                  --------------
Income Tax                                                     -
                                                  --------------
Net Profit (Loss)                                      ($183,981)
                                                  ==============

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. 15; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or215/945-7000).   


COMPLETE RETREATS: Legendary Retreat's October 2006 Monthly Report
------------------------------------------------------------------

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

                              ASSETS

Unrestricted Cash                                        $49,343
Restricted Cash                                                -
                                                  --------------
Total Cash                                                49,343

Accounts Receivable (Net)                                289,818
Inventory                                                      -
Notes Receivable                                         677,125
Prepaid Expenses                                          76,403
Other                                                    115,000
                                                  --------------
Total Current Assets                                   1,158,346

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

Due from Insiders                                              -
Other Assets - Net of Amortization                             -
Other                                                 16,592,083
                                                  --------------
Total Assets                                         $18,628,804
                                                  ==============

                   LIABILITIES & OWNERS' EQUITY

Postpetition Liabilities
   Accounts Payable                                      $21,804
   Taxes Payable                                               -
   Notes Payable                                               -
   Professional Fees                                           -
   Secured Debt                                                -
   Other                                                  21,135
                                                  --------------
Total Postpetition Liabilities                            42,939

Prepetition Liabilities
   Secured Debt                                                -
   Priority Debt                                               -
   Unsecured Debt                                        368,019
   Other                                               2,717,355
                                                  --------------
Total Prepetition Liabilities                          3,085,374
                                                  --------------
Total Liabilities                                      3,128,313

Equity
   Prepetition Owners' Equity                         15,437,344
   Postpetition Cumulative Profit or Loss                 63,146
   Direct Charges to Equity                                    -
                                                  --------------
Total Equity                                          15,500,490
                                                  --------------
Total Liabilities & Owners' Equity                   $18,628,804
                                                  ==============

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

Revenues
   Gross Revenues                                        $84,874
   Less: Returns & Discounts                                   -
                                                  --------------
Net Revenue                                               84,874

Cost of Goods Sold
   Material                                                  434
   Direct Labor                                                -
   Direct Overhead                                         5,870
                                                  --------------
Total Cost of Goods Sold                                   6,304
                                                  --------------
Gross Profit                                              78,570

Operating Expenses
   Officer/Insider Compensation                                -
   Selling & Marketing                                         -
   General Administration                                  2,383
   Rent & Lease                                           19,618
   Other                                                       -
                                                  --------------
Total Operating Expenses                                  22,001
                                                  --------------
Income Before Non-Operating Income & Expenses             56,569

Other Income & Expenses
   Non-operating Income                                        -
   Non-operating Expense                                       -
   Interest Expense                                            -
   Depreciation/Depletion                                      -
   Amortization                                                -
   Other                                                       -
                                                  --------------
Net Other Income & Expenses                                    -

Reorganization Expenses
   Professional Fees                                         764
   U.S. Trustee Fees                                           -
   Other                                                       -
                                                  --------------
Total Reorganization Expenses                                764
                                                  --------------
Income Tax                                                     -
                                                  --------------
Net Profit (Loss)                                        $55,805
                                                  ==============

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. 15; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or215/945-7000).   


COMPLETE RETREATS: Preferred Retreat's Oct. 2006 Operating Report
-----------------------------------------------------------------

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

                              ASSETS

Unrestricted Cash                                       $667,428
Restricted Cash                                          322,976
                                                  --------------
Total Cash                                               990,404

Accounts Receivable (Net)                              1,296,457
Inventory                                              2,081,256
Notes Receivable                                         479,280
Prepaid Expenses                                       4,022,398
Other                                                  1,097,919
                                                  --------------
Total Current Assets                                   8,977,309

Property, Plant & Equipment                            8,467,964
Less: Accumulated Depreciation/Depletion              (2,202,035)
                                                  --------------
Net Property, Plant & Equipment                        6,265,929

Due from Insiders                                      1,344,165
Other Assets - Net of Amortization                         1,555
Other                                                 50,559,580
                                                  --------------
Total Assets                                         $68,138,942
                                                  ==============

                   LIABILITIES & OWNERS' EQUITY

Postpetition Liabilities
   Accounts Payable                                   $2,013,181
   Taxes Payable                                               -
   Notes Payable                                         413,631
   Professional Fees                                           -
   Secured Debt                                                -
   Other                                              14,200,794
                                                  --------------
Total Postpetition Liabilities                        16,627,606

Prepetition Liabilities
   Secured Debt                                           43,411
   Priority Debt                                               -
   Unsecured Debt                                     11,571,603
   Other                                             138,719,059
                                                  --------------
Total Prepetition Liabilities                        150,334,073
                                                  --------------
Total Liabilities                                    166,961,679

Equity
   Prepetition Owners' Equity                        (88,268,138)
   Postpetition Cumulative Profit or Loss            (10,554,600)
   Direct Charges to Equity                                    -
                                                  --------------
Total Equity                                         (98,822,738)
                                                  --------------
Total Liabilities & Owners' Equity                   $68,138,942
                                                  ==============

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

Revenues
   Gross Revenues                                       $887,753
   Less: Returns & Discounts                                (954)
                                                  --------------
Net Revenue                                              886,799

Cost of Goods Sold
   Material                                            1,079,817
   Direct Labor                                                -
   Direct Overhead                                       344,414
                                                  --------------
Total Cost of Goods Sold                               1,424,231
                                                  --------------
Gross Profit                                            (537,432)

Operating Expenses
   Officer/Insider Compensation                          108,314
   Selling & Marketing                                   106,439
   General Administration                              1,248,943
   Rent & Lease                                          138,007
   Other                                                  62,119
                                                  --------------
Total Operating Expenses                               1,663,822
                                                  --------------
Income Before Non-Operating Income & Expenses         (2,201,254)

Other Income & Expenses
   Non-operating Income                                        -
   Non-operating Expense                                  27,573
   Interest Expense                                            -
   Depreciation/Depletion                                 57,536
   Amortization                                                -
   Other                                                  (1,236)
                                                  --------------
Net Other Income & Expenses                               83,872

Reorganization Expenses
   Professional Fees                                   1,238,194
   U.S. Trustee Fees                                           -
   Other                                                  35,041
                                                  --------------
Total Reorganization Expenses                          1,273,236
                                                  --------------
Income Tax                                                     -
                                                  --------------
Net Profit (Loss)                                    ($3,558,362)
                                                  ==============

                     Preferred Retreats, LLC
           Consolidated Cash Receipts and Disbursements
                      October 1 to 31, 2006

Cash - Beginning of Month                             $1,187,483

Receipts from Operations
   Cash Sales                                            752,087

Collection of Accounts Receivable
   Prepetition                                                 -
   Postpetition                                                -
                                                  --------------
Total Operating Receipts                                 752,087

Non-operating Receipts
   Loans & Advances                                    3,397,646
   Sale of Assets                                              -
   Other                                                  55,980
                                                  --------------
Total Non-operating Receipts                           3,453,626
                                                  --------------
Total Receipts                                         4,205,714
                                                  --------------
Total Cash Available                                   5,393,196

Operating Disbursements
   Gross Payroll                                       1,172,002
   Payroll Taxes Paid                                          -
   Sales, Use & Other Taxes Paid                         129,408
   Secured/Rental/Leases                                 643,590
   Utilities                                              62,559
   Insurance                                              92,548
   Mortgages                                              85,753
   Interest                                              590,818
   Employee Expenses                                      14,997
   House Keeping & Contract Labor                         40,489
   Repairs & Maintenance                                  21,205
   Field Expenses                                        191,417
   International Destination Expenses                    121,873
   HOA                                                    52,105
   Other                                                 155,053
                                                  --------------
Total Operating Disbursements                          3,373,818

Reorganization Expenses
   Professional Fees                                     340,277
   U.S. Trustee Fees                                      33,500
   Other                                                 900,000
                                                  --------------
Total Reorganization Expenses                          1,273,777
                                                  --------------
Total Disbursements                                    4,647,595
                                                  --------------
Net Cash Flow                                           (441,881)
                                                  --------------
Cash - End of Month                                     $745,602
                                                  ==============

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. 15; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or215/945-7000).   


COMPLETE RETREATS: Private Retreat's October 2006 Operating Report
------------------------------------------------------------------

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

                              ASSETS

Unrestricted Cash                                              -
Restricted Cash                                           $1,679
                                                  --------------
Total Cash                                                 1,679

Accounts Receivable (Net)                                      -
Inventory                                                 71,916
Notes Receivable                                         570,356
Prepaid Expenses                                               -
Other                                                          -
                                                  --------------
Total Current Assets                                     642,273

Property, Plant & Equipment                           53,767,064
Less: Accumulated Depreciation/Depletion              (7,808,518)
                                                  --------------
Net Property, Plant & Equipment                       45,958,545

Due from Insiders                                              -
Other Assets - Net of Amortization                    10,836,445
Other                                                 22,508,121
                                                  --------------
Total Assets                                         $79,947,062
                                                  ==============

                   LIABILITIES & OWNERS' EQUITY

Postpetition Liabilities
   Accounts Payable                                      ($8,893)
   Taxes Payable                                               -
   Notes Payable                                               -
   Professional Fees                                           -
   Secured Debt                                                -
   Other                                                 348,117
                                                  --------------
Total Postpetition Liabilities                           339,224

Prepetition Liabilities
   Secured Debt                                        2,909,662
   Priority Debt                                               -
   Unsecured Debt                                     32,853,897
   Other                                              17,820,792
                                                  --------------
Total Prepetition Liabilities                         53,584,351
                                                  --------------
Total Liabilities                                     53,923,575

Equity
   Prepetition Owners' Equity                         26,459,408
   Postpetition Cumulative Profit or Loss               (435,921)
   Direct Charges to Equity                                    -
                                                  --------------
Total Equity                                          26,023,487
                                                  --------------
Total Liabilities & Owners' Equity                   $79,947,062
                                                  ==============

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

Revenues
   Gross Revenues                                       $224,856
   Less: Returns & Discounts                                   -
                                                  --------------
Net Revenue                                              224,856

Cost of Goods Sold
   Material                                              146,403
   Direct Labor                                                -
   Direct Overhead                                             -
                                                  --------------
Total Cost of Goods Sold                                 146,403
                                                  --------------
Gross Profit                                              78,452

Operating Expenses
   Officer/Insider Compensation                                -
   Selling & Marketing                                         -
   General Administration                                      -
   Rent & Lease                                                -
   Other                                                       -
                                                  --------------
Total Operating Expenses                                       -
                                                  --------------
Income Before Non-Operating Income & Expenses             78,452

Other Income & Expenses
   Non-operating Income                                        -
   Non-operating Expense                                       -
   Interest Expense                                       29,648
   Depreciation/Depletion                                185,384
   Amortization                                          105,151
   Other                                                       -
                                                  --------------
Net Other Income & Expenses                              320,183

Reorganization Expenses
   Professional Fees                                           -
   U.S. Trustee Fees                                           -
   Other                                                       -
                                                  --------------
Total Reorganization Expenses                                  -
                                                  --------------
Income Tax                                                     -
                                                  --------------
Net Profit (Loss)                                      ($241,731)
                                                  ==============

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. 15; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or215/945-7000).   


FLYI INC: Posts $484,880 Net Loss in October 2006
-------------------------------------------------

                            FLYi Inc.
                   Consolidated Balance Sheet
                     As of October 31, 2006

ASSETS

Current assets
   Cash                                               $1,220,457
   Short term investments                                      -
   Net accounts receivable                           379,627,803
   IC Notes receivable                                 4,252,000
                                                   -------------
   Total Current Assets                              385,100,260
                                                   -------------
Other assets
   Restricted cash                                             -
   Long term investments                               7,435,000
   Other assets                                       14,055,412
                                                   -------------
   Total Other Assets                                 21,490,412
                                                   -------------
   TOTAL ASSETS                                     $406,590,672
                                                   =============

LIABILITIES AND OWNER'S EQUITY

Liabilities not subject to compromise
Liabilities subject to compromise
   Secured debt                                                -
   Priority debt                                               -
   Unsecured debt                                    251,422,349
                                                   -------------
   Total Liabilities                                 251,422,349
                                                   -------------
Owner Equity
   Common stock                                        1,088,716
   Additional paid in capital                        158,254,512
   Treasury stock                                    (35,717,477)
   Prepetition retained earnings                      39,858,773
   Postpetition retained earnings                     (8,316,201)
                                                   -------------
   Net Owners' Equity                                155,168,323
                                                   -------------
   TOTAL LIABILITIES AND OWNER'S EQUITY             $406,590,672
                                                   =============

                            FLYi Inc.
                     Statement of Operations
                          October 2006

Revenues
Operating Expense                                             $0
                                                   -------------
Net Profit (Loss) before Other Income & Expenses               -

Other (income) expenses
   Interest income                                        (4,633)
   Interest expense                                            -
   Other miscellaneous                                         -
                                                   -------------
Net Profit (Loss) before reorganization items              4,633

Reorganization items
   Professional fees                                     489,263
   U.S. Trustee Quarterly Fees                               250
   Income Taxes                                                -
                                                   -------------
Total Reorganization Expenses                            489,513

Net Profit (Loss)                                      ($484,880)
                                                   =============

Headquartered in Dulles, Virginia, FLYi, Inc., aka Atlantic Coast
Airlines Holdings, Inc. -- http://www.flyi.com/-- is the parent  
of Independence Air Inc., a small airline based at Washington
Dulles International Airport.  The Debtor and its six affiliates
filed for chapter 11 protection on Nov. 7, 2005 (Bankr. D. Del.
Case Nos. 05-20011 through 05-20017).  Brendan Linehan Shannon,
Esq., M. Blake Cleary, Esq., and Matthew Barry Lunn, Esq., at
Young, Conaway, Stargatt & Taylor, represent the Debtors in their
restructuring efforts.  Brett H. Miller, Esq., at Otterbourg,
Steindler, Houston & Rosen, P.C., represents the Official
Committee of Unsecured Creditors.  As of Sept. 30, 2005, the
Debtors listed assets totaling $378,500,000 and debts totaling
$455,400,000.  (FLYi Bankruptcy News, Issue No. 29; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or  
215/945-7000).


FLYI INC: Independence Air Posts $10.4 Mil. Net Loss in Oct. 2006
-----------------------------------------------------------------

                      Independence Air Inc.
                   Consolidated Balance Sheet
                     As of October 31, 2006

ASSETS

Current assets
   Cash                                             $45,977,297
   Short term investments                           104,600,000
   Restricted cash                                    1,579,861
   Net accounts receivable                           98,743,931
   Net expandable parts and fuel                         62,636
   Net prepaid expenses                               4,807,401
   Deferred tax asset                                        (1)
                                                  -------------
Total current assets                                255,771,125
                                                  -------------
Other assets
   Restricted cash                                    3,173,460
   Net depreciation, property and equipment                 979
   Aircraft deposits                                 11,112,000
   Other assets                                         419,643
                                                  -------------
Total other assets                                   14,706,082
                                                  -------------
   TOTAL ASSETS                                    $270,477,207
                                                  =============

LIABILITIES AND OWNER'S EQUITY

Liabilities not subject to compromise
   Accounts payable                                   4,752,260
   Air traffic liability                                833,822
   Accrued liabilities                                2,162,463
   Amounts due to insiders                              141,778
                                                  -------------
Total Postpetition Liabilities                        7,890,323
                                                  -------------

Liabilities subject to compromise
   Secured debt                                       1,074,143
   Priority debt                                     10,429,403
   Unsecured debt                                   391,584,326
   Other accruals                                    14,710,066
                                                  -------------
Total prepetition liabilities                       417,797,937
                                                  -------------
Total Liabilities                                   425,688,260
                                                  -------------
Owner Equity
   Common stock
   Treasury stock                                     7,435,000
   Owner's equity account
   Prepetition retained earnings                   (243,575,613)
   Postpetition retained earnings                    80,929,561
                                                  -------------
Net Owners' Equity                                 (155,211,053)
                                                  -------------
   TOTAL LIABILITIES AND OWNER'S EQUITY            $270,477,207
                                                  =============

                      Independence Air Inc.
                     Statement of Operations
                          October 2006

Revenues
Operating Revenue
   Passenger revenue                                         $0
   Other revenue                                          2,930
                                                  -------------
Total operating revenues                                  2,930
                                                  -------------
Operating expenses
Insider compensation                                     65,528
   Wages                                                107,564
   Fringes and benefits                                (110,198)
   Aircraft maintenance and materials                   (21,919)
   Traffic Commissions                                   (3,254)
   CRS Fees                                              (1,280)
   Facilities rents                                     237,749
   Landing fees                                             274
   Depreciation and amortization                              -
   Others                                               571,703
   Retirement & restructuring charge                 10,585,955
                                                  -------------
Total operating expense                              11,432,122
                                                  -------------
Net operating income (loss)                         (11,429,192)
                                                  -------------
Net Profit (Loss) before other income & expenses    (11,429,192)
                                                  -------------
Other (income) expenses
   Interest income                                     (619,633)
   Interest expense                                       3,636
   Other miscellaneous                                 (933,350)
                                                  -------------
   Total other (income) expense                      (1,549,347)
                                                  -------------
Net Profit (Loss) before reorganization items        (9,879,845)
                                                  -------------
Reorganization items
   Professional fees                                    489,263
   U.S. Trustee Quarterly Fees                           11,250
   Income Taxes                                          22,995
                                                  -------------
Net Profit (Loss)                                  ($10,403,353)
                                                  =============

Headquartered in Dulles, Virginia, FLYi, Inc., aka Atlantic Coast
Airlines Holdings, Inc. -- http://www.flyi.com/-- is the parent  
of Independence Air Inc., a small airline based at Washington
Dulles International Airport.  The Debtor and its six affiliates
filed for chapter 11 protection on Nov. 7, 2005 (Bankr. D. Del.
Case Nos. 05-20011 through 05-20017).  Brendan Linehan Shannon,
Esq., M. Blake Cleary, Esq., and Matthew Barry Lunn, Esq., at
Young, Conaway, Stargatt & Taylor, represent the Debtors in their
restructuring efforts.  Brett H. Miller, Esq., at Otterbourg,
Steindler, Houston & Rosen, P.C., represents the Official
Committee of Unsecured Creditors.  As of Sept. 30, 2005, the
Debtors listed assets totaling $378,500,000 and debts totaling
$455,400,000.  (FLYi Bankruptcy News, Issue No. 29; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or  
215/945-7000).


FOAMEX INT'L: Earns $2.2 Million for Period Ended October 29
------------------------------------------------------------

             Foamex International, et al., as Debtors
                   Consolidated Balance Sheet
                     As of October 29, 2006

                              ASSETS

Current Assets
      Cash                                           $3,142,000
      Accounts Receivable, net                      181,357,000
      Inventory                                     118,994,000
      Other current assets                           20,455,000
                                                   ------------
Total current assets                                323,948,000

Land & land improvements                              5,051,000
Buildings                                            86,890,000
Leasehold improvement                                 6,483,000
Machinery & equipment                               202,440,000
Furniture & fixtures                                  5,101,000
Auto equipment                                        7,753,000
Computer equipment                                    8,939,000
Construction in progress                              4,355,000
Accumulated depreciation                           (231,162,000)
                                                   ------------
Total property plant & equipment, net                95,850,000

Goodwill, net                                        86,191,000
Debt issuance costs, net                              1,569,000
Investment in subsidiaries                           14,757,000
Long-term intercompany receivable                     4,850,000
Other Assets                                         56,930,000
                                                   ------------
Total Assets                                       $584,096,000
                                                   ============

              LIABILITIES & STOCKHOLDERS' DEFICIENCY

Current Liabilities
      Revolver borrowings                           $51,298,000
      Current portion of long-term debt              86,230,000
      Accounts payable                              114,045,000
      Intercompany                                      144,000
      Accrued employee costs                         20,351,000
      Accrued rebates                                 6,729,000
      Accrued interest                                3,749,000
      Other current liabilities                      21,230,000
                                                   ------------
Total current liabilities                           303,776,000

Long-term debt                                          197,000
Intercompany debt                                            --
Liability subject to compromise                     657,534,000
Other liabilities                                    24,989,000
                                                   ------------
Total Long-Term Liabilities                         682,720,000
                                                   ------------
Total Liabilities                                   986,497,000

Common stock                                            282,000
Preferred stock                                          15,000
Additional paid-in capital                          103,536,000
Treasury stock                                      (27,969,000)
Partners' capital                                            --
Other comprehensive income (loss)                   (37,546,000)
Shareholder loans                                    (9,221,000)
Accumulated deficit                                (431,496,000)
                                                   ------------
Stockholders' deficiency                           (402,399,000)
                                                   ------------
Total Liabilities & Stockholders Deficiency        $584,096,000
                                                   ============

             Foamex International, et al., as Debtors
                   Consolidated Income Statement
                   October 2 to October 29, 2006

Gross Sales                                        $104,241,000
Rebates, Discount & Sale Allowance                   (5,132,000)
                                                   ------------
Net Sales                                            99,109,000

Material                                             63,362,000
Labor                                                 3,522,000
Overhead                                             11,685,000
Asset Impairments                                            --
Freight/Shipping                                      3,906,000
                                                   ------------
Cost of Sales                                        82,474,000
                                                   ------------
Gross Profit                                         16,635,000

Labor Expense                                         3,911,000
Indirect Materials & Samples                             40,000
Equipment & Maintenance Expense                          18,000
Facility Expense                                        147,000
Travel & Entertainment                                  285,000
Technology                                              149,000
Professional Fees & Services                          1,956,000
Other Miscellaneous Expense                             287,000
Insurance & Tax                                         225,000
Bad debt expense                                       (261,000)
Bank/Collection Costs                                    51,000
Transportation Cost                                      12,000
Depreciation/Amortization                               331,000
Corp. Cost to COS                                      (685,000)
                                                   ------------
Selling, general & admin expenses                     6,466,000

Gain (loss) on sale of assets                             3,000
Restructuring charges (credit)                          217,000
                                                   ------------
Income from operations                                9,954,000

Interest Expense                                      6,549,000
Equity in earnings of JV & non-debtor subs              314,000
Other Income & (Expense)                                 (8,000)
Professional Fees                                     1,266,000
Provision/(Gains) - Rejected Contracts                  151,000
Bankruptcy Filing Fees                                       --
Other Expense (Income)                                       --
Debt Adjustment Gain/Loss                                    --
                                                   ------------
Reorganization Expense (Income)                       1,417,000
                                                   ------------
Income before Tax                                     2,294,000
Tax Provision                                            81,000
                                                   ------------
Net Income                                           $2,213,000
                                                   ============

Headquartered in Linwood, Pa., Foamex International Inc.
-- http://www.foamex.com/-- is the world's leading producer of        
comfort cushioning for bedding, furniture, carpet cushion and
automotive markets.  The Company also manufactures high-
performance polymers for diverse applications in the industrial,
aerospace, defense, electronics and computer industries.  The
Company and eight affiliates filed for chapter 11 protection on
Sept. 19, 2005 (Bankr. Del. Case Nos. 05-12685 through 05-12693).  
Attorneys at Paul, Weiss, Rifkind, Wharton & Garrison LLP,
represent the Debtors in their restructuring efforts.  Houlihan,
Lokey, Howard and Zukin and O'Melveny & Myers LLP are advising the
ad hoc committee of Senior Secured Noteholders.  Kenneth A. Rosen,
Esq., and Sharon L. Levine, Esq., at Lowenstein Sandler PC and
Donald J. Detweiler, Esq., at Saul Ewings, LP, represent the
Official Committee of Unsecured Creditors.  As of July 3,
2005, the Debtors reported $620,826,000 in total assets and
$744,757,000 in total debts.  (Foamex International Bankruptcy
News, Issue No. 33; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


INTERSTATE BAKERIES: Posts $7M Net Loss for Period Ended Sept. 23
-----------------------------------------------------------------

          Interstate Bakeries Corporation and Subsidiaries
           Unaudited Consolidated Monthly Operating Report
                Four Weeks Ended September 23, 2006

REVENUE

Gross Income                                        $226,038,883
Less Cost of Goods Sold
   Ingredients, Packaging & Outside Purchasing        56,542,734
   Direct & Indirect Labor                            42,155,241
   Overhead & Production Administration               11,682,454
                                                  --------------
      Total Cost of Goods Sold                       110,380,429
                                                  --------------
         Gross Profit                                115,658,454
                                                  --------------
OPERATING EXPENSES

Owner-Draws/Salaries                                           0
Selling & Delivery Employee Salaries                  53,526,371
Advertising and Marketing                              2,287,933
Insurance (Property, Casualty, & Medical)             11,954,445
Payroll Taxes                                          4,439,776
Lease and Rent                                         3,343,554
Telephone and Utilities                                1,177,249
Corporate Expense (Including Salaries)                 6,067,400
Other Expenses                                        28,802,951
                                                  --------------
   Total Operating Expenses                          111,599,679
                                                  --------------
EBITDA                                                 4,058,775

Restructuring & Reorganization Charges                 2,523,706
Depreciation and Amortization                          5,434,159
Abandonment                                              183,704
Other( Income)/Expense                                      (596)
Gain/Loss Sale of Property                                     0
Interest Expense                                       3,745,697
                                                  --------------
   Operating Income (Loss)                            (7,827,895)
Income Tax Expense (Benefit)                            (291,417)
                                                  --------------
NET INCOME (LOSS)                                    ($7,536,478)
                                                  ==============


CURRENT ASSETS
   Accounts Receivable at end of period              146,359,266
   Increase (Dec.) in Accounts Receivable                766,564
   Inventory at end of period                         68,105,474
   Increase (Decrease) in Inventory for period           824,340
   Cash at end of period                             102,458,888
   Increase (Decrease) in Cash for period            (12,741,066)
   Restricted Cash                                        14,912
   Increase (Dec.) in Restricted Cash for period          14,912

LIABILITIES
   Increase (Decrease) in Liabilities
      Not Subject to Compromise                      (10,242,138)
   Increase (Decrease) in Liabilities
      Subject to Compromise                           (1,220,162)
   Taxes payable:
      Federal Payroll Taxes                            9,522,567
      State/Local Payroll Taxes                        3,940,938
      State Sales Taxes                                  713,996
      Real Estate and Personal Property Taxes         11,107,465
      Other                                            4,002,040
                                                  --------------
      Total Taxes Payable                            $29,287,006
                                                  ==============

Headquartered in Kansas City, Missouri, Interstate Bakeries
Corporation is a wholesale baker and distributor of fresh baked
bread and sweet goods, under various national brand names,
including Wonder(R), Hostess(R), Dolly Madison(R), Baker's Inn(R),
Merita(R) and Drake's(R). The Company employs approximately
32,000 in 54 bakeries, more than 1,000 distribution centers and
1,200 thrift stores throughout the U.S. The Company and seven of
its debtor-affiliates filed for chapter 11 protection on
September 22, 2004 (Bankr. W.D. Mo. Case No. 04-45814). J. Eric
Ivester, Esq., and Samuel S. Ory, Esq., at Skadden, Arps, Slate,
Meagher & Flom LLP, represent the Debtors in their restructuring
efforts. When the Debtors filed for protection from their
creditors, they listed $1,626,425,000 in total assets and
$1,321,713,000 (excluding the $100,000,000 issue of 6.0% senior
subordinated convertible notes due Aug. 15, 2014, on Aug. 12,
2004) in total debts. (Interstate Bakeries Bankruptcy News, Issue
No. 52; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


MUSICLAND HOLDING: Earns $27,000 for Month Ended October 2006
-------------------------------------------------------------

                       Musicland Holding Corp.
                      Consolidated Balance Sheet
                        As of October 31, 2006

ASSETS
Current Assets
   Cash                                              $28,006,000
   Letter of Credit/Other Deposits                     5,043,000
   Other
      Amounts due from TransWorld                      6,279,000
      Receivables from Sub-leases                        637,000
      Amounts due from GOB sales                               0
      Miscellaneous CC                                    28,000
      Vendors Credit due from services                 2,608,000
                                                   -------------
      Total                                           42,601,000

Fixed Assets                                                   0
Other non-current assets
   Transport Logistic deposit                            550,000
   Utility and Tax Deposits                                    0
                                                   -------------
      TOTAL ASSETS                                   $43,151,000
                                                   =============

Liabilities & Shareholders' deficit
Current liabilities
   Accounts payable
      Due to Transworld                                       $0
      Due to Deluxe                                            0
      A/P                                                      0
   Other accrued liabilities
      Logistic Accrual                                   415,000
      Deferred Income                                          0
      Insurance Reserve                                3,380,000
      Accrued Payroll & Employee Benefits:
         Accrued Vacation                                  7,000
         Accrued Severance                                     0
         Accrued Employer Payroll Taxes                   15,000
         Health Insurance Benefits Reserves              251,000
      Sales Tax                                          178,000
      5% Admin. Fee on Wachovia L/C                      250,000
      FY06 Tax Return & Employee Benefit                       0
         Audit Services                                   62,000
      Payroll/W2 & 1099 System                            46,000
      Miscellaneous                                       29,000
   Gift Card liabilities                                       0
                                                   -------------
      Total                                            4,634,000
                                                   -------------

DIP financing                                                  0
Other LT Liabilities                                           0
Liabilities subject to compromise                    330,330,000
Shareholders' deficit                               (291,813,000)
                                                   -------------
      TOTAL LIABILITIES &
      SHAREHOLDERS' DEFICIT                          $43,151,000
                                                   =============

                       Musicland Holding Corp.
                       Statement of Operations
                 For the Month Ended October 31, 2006

Merchandise revenue                                            -
Non-merchandise revenue                                        -

   Net sales                                                   -

Cost of good sold                                              -

   Gross Profit                                                -

Store operating expenses
   Payroll                                              $158,000
   Occupancy                                                   0
   Other                                                  83,000
                                                   -------------
      Store expenses                                           0
                                                   -------------
General & administrative                                 241,000
                                                   -------------
EBITDA (Loss)                                           (241,000)
                                                   -------------

   Hilco 340 Store GOB                                         0
   Chapter 11 & related charges                          354,000
   Sale to Transworld                                          0
   Hilco 65                                                    0
   Media Play Wind down                                        0
   Depreciation & Amortization                                 0
                                                   -------------
      Operating income (Loss)                            113,000

   Interest income (expense)                              60,000
   Other non-operating charges                          (146,000)
                                                   -------------
      Earnings before Taxes                               27,000
                                                   -------------
   Income tax                                                  0
                                                   -------------
      Net earnings (Loss)                                $27,000
                                                   =============

                       Musicland Holding Corp.
                       Statements of Cash Flow
               For the Month Ended October 31, 2006

Operating activities
   Net earnings (Loss)                                   $27,000
   Adjustments to reconcile net earnings (loss)
      to net cash provided by (used in)
      operating activities:
         Loss on utility deposits write off                    0

   Changes in operating assets & liabilities:
      Inventory                                                0
      Other current assets                             2,081,000
      Other Non-current Assets                            83,000
      Accounts payable                                  (121,000)
      Other accrued liabilities                         (292,000)

      Liabilities subject to compromise                        0
                                                   -------------
   Net cash provided by (used in)
      operating activities                             1,778,000
                                                   -------------

Investing activities
   Change in other long term asset/liabilities                 -
   Retirement of fixed assets                                  -
                                                   -------------
   Net cash provided by (used in)
      Investing activities                                     -

Financing activities
   Distribution to Secured Creditors                           0
                                                   -------------
Increase/decrease in cash                              1,778,000
                                                   -------------
   Cash at the beginning of Period                    26,228,000
                                                   -------------
   Cash at the end of Period                         $28,006,000
                                                   =============

Headquartered in New York, New York, Musicland Holding Corp., is a
specialty retailer of music, movies and entertainment-related
products.  The Debtor and 14 of its affiliates filed for chapter
11 protection on Jan. 12, 2006 (Bankr. S.D.N.Y. Lead Case No.
06-10064).  James H.M. Sprayregen, Esq., at Kirkland & Ellis,
represents the Debtors in their restructuring efforts.   Mark T.
Power, Esq., at Hahn & Hessen LLP, represents the Official
Committee of Unsecured Creditors.  When the Debtors filed for
protection from their creditors, they estimated more than $100
million in assets and debts.  (Musicland Bankruptcy News, Issue
No. 23; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


REFCO INC:  Files October 2006 Monthly Operating Report
-------------------------------------------------------
In lieu of comprehensive financial statements, Refco, Inc., and
its debtor-affiliates delivered to the Court a statement of their
cash receipts and disbursements for the period from October 1 to
31, 2006.

Peter F. James, controller of Refco, reports that the company
held a $1,881,636,000 cash balance at the start of the reporting
period.  Refco received $1,138,362,000 and disbursed
$1,446,442,000 in cash.  Refco's ending cash balance totals
$1,575,010,000.

As paying agent for certain non-debtors and Refco, LLC, the
Debtors disbursed approximately $4,700,000,000.
   
Mr. James discloses that Refco paid $475,000 in gross wages, of  
which approximately $228,000 was paid on behalf of and reimbursed  
by the Non-Debtors and Refco LLC.  Refco also withheld $150,000  
in employee payroll taxes, of which $16,000 was remitted to a  
third party vendor.

Mr. James states that all taxes due and owing, as well as tax
returns, have been paid and filed for the current period.

Refco paid $67,549,000 for professional fees for October, and
$93,807,000 since the Petition Date.  The Debtors did not pay
professional fees on Refco LLC's behalf.  
  
Mr. James says all insurance policies are fully paid for the
current period, including amounts owed for workers' compensation
and disability insurance.

A full-text copy of Refco's October 2006 Monthly Statement is
available at no charge at http://ResearchArchives.com/t/s?15bb

Based in New York, Refco Inc. -- http://www.refco.com/-- is a  
diversified financial services organization with operations in 14
countries and an extensive global institutional and retail client
base.  Refco's worldwide subsidiaries are members of principal
U.S. and international exchanges, and are among the most active
members of futures exchanges in Chicago, New York, London and
Singapore.  In addition to its futures brokerage activities, Refco
is a major broker of cash market products, including foreign
exchange, foreign exchange options, government securities,
domestic and international equities, emerging market debt, and OTC
financial and commodity products.  Refco is one of the largest
global clearing firms for derivatives.

The Company and 23 of its affiliates filed for chapter 11
protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006).
J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts.  Luc A.
Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP, represents
the Official Committee of Unsecured Creditors.  Refco reported
$16.5 billion in assets and $16.8 billion in debts to the
Bankruptcy Court on the first day of its chapter 11 cases.

On Oct. 6, 2006, the Debtors filed their Amended Plan and
Disclosure Statement.  On Oct. 16, 2006, the gave its tentative
approval on the Disclosure Statement and on Oct. 20, 2006, the
Court Clerk entered the written disclosure statement order.

The hearing to consider confirmation of Refco, Inc., and its
debtor-affiliates' plan is set for Dec. 15, 2006.  Objections to
the plan, if any, must be in by Dec. 1, 2006.

Refco LLC, an affiliate, filed for chapter 7 protection on
Nov. 25, 2005 (Bankr. S.D.N.Y. Case No. 05-60134).  Refco, LLC, is
a regulated commodity futures company that has businesses in the
United States, London, Asia and Canada.  Refco, LLC, filed for
bankruptcy protection in order to consummate the sale of
substantially all of its assets to Man Financial Inc., a wholly
owned subsidiary of Man Group plc.  Albert Togut, the chapter 7
trustee, is represented by Togut, Segal & Segal LLP.

On April 13, 2006, the Court appointed Marc S. Kirschner as Refco
Capital Markets Ltd.'s chapter 11 trustee.  Mr. Kirschner is
represented by Bingham McCutchen LLP.  RCM is Refco's operating
subsidiary based in Bermuda.

Three more affiliates of Refco, Westminster-Refco Management LLC,
Refco Managed Futures LLC, and Lind-Waldock Securities LLC, filed
for chapter 11 protection on June 6, 2006 (Bankr. S.D.N.Y. Case
Nos. 06-11260 through 06-11262).

Refco Commodity Management, Inc., formerly known as CIS
Investments, Inc., a debtor-affiliate of Refco Inc., filed for
chapter 11 protection on Oct. 16, 2006 (Bankr. S.D.N.Y. Case No.
06-12436).  RCMI's exclusive period to file a chapter 11 plan
expires on Feb. 13, 2007.

(Refco Bankruptcy News, Issue No. 48; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or  
215/945-7000).


ROWE COMPANIES: Posts $2.9 Mil. Net Loss for Period Ended Oct. 29
-----------------------------------------------------------------
The Rowe Companies Inc., Rowe Furniture Inc., and Storehouse Inc.
filed their monthly operating report for October 2006 with the
United States Bankruptcy Court for the Eastern District of
Virginia on Nov. 21, 2006.

The Rowe Companies Inc. reported a net loss of $2,946,365 from
total revenues of $88, for the period from Oct. 2, 2006, to
Oct. 29, 2006.

At Oct. 29, 2006, Rowe Companies Inc. and its debtor-affiliates'
balance sheet showed:

        Total Current Assets                  $19,330,444
        Total Assets                          $21,895,719
        Total Liabilities                     $23,530,200
        Total Shareholders' Deficit           ($1,634,482)

A full-text copy of Rowe Companies Inc.'s October 2006 MOR is
available at no charge at http://ResearchArchives.com/t/s?15bc

Headquartered in McLean, Virginia, The Rowe Companies
-- http://www.therowecompanies.com/-- manufactures  
upholstered retail home and office furniture, interior
decorations, tableware, lighting fixtures, and other interior
design accessories.  The company owns 100% of stock of
manufacturing and retail subsidiaries, Rowe Furniture
-- http://www.rowefurniture.com/--  and Storehouse, Inc.  
-- http://www.storehousefurniture.com/  

The company and its two of its debtor-affiliates filed for chapter
11 protection on Sept. 18, 2006 (Bank. E.D. Va. Case Nos. 06-11142
to 06-11144).  Dylan G. Trache, Esq., H. Jason Gold, Esq., and
Valerie P. Morrison, Esq., at Wiley Rein & Fielding LLP, represent
the Debtors.  When the Debtors filed for protection from their
creditors, The Rowe Companies listed total assets of $130,779,655
and total debts of $93,262,974; Rowe Furniture estimated assets
between $50 million and $100 million and debts between $10 million
and $50 million; and Storehouse, Inc. estimated assets and debts
between $10 million and $50 million.  The Debtors' exclusive
period to file a chapter 11 plan expires on Jan. 16, 2007.


ROWE COMPANIES: Rowe Furniture Files Oct. 2006 Operating Report
---------------------------------------------------------------
The Rowe Companies Inc., Rowe Furniture Inc., and Storehouse Inc.
filed their monthly operating report for October 2006 with the
United States Bankruptcy Court for the Eastern District of
Virginia on Nov. 21, 2006.

Rowe Furniture Inc. reported a net loss of $1,115,695 from total
revenues of $7,403,614 for the period from Oct. 1, 2006, to
Oct. 29, 2006.

At Oct. 29, 2006, Rowe Furniture Inc. and its debtor-affiliates'
balance sheet showed:

        Total Current Assets                  $27,854,987
        Total Assets                          $71,480,253
        Total Liabilities                    [$20,387,443]
        Total Shareholders' Equity            $51,092,810

A full-text copy of Rowe Furniture Inc.'s October 2006 MOR is
available at no charge at http://ResearchArchives.com/t/s?15be

Headquartered in McLean, Virginia, The Rowe Companies
-- http://www.therowecompanies.com/-- manufactures  
upholstered retail home and office furniture, interior
decorations, tableware, lighting fixtures, and other interior
design accessories.  The company owns 100% of stock of
manufacturing and retail subsidiaries, Rowe Furniture
-- http://www.rowefurniture.com/--  and Storehouse, Inc.  
-- http://www.storehousefurniture.com/  

The company and its two of its debtor-affiliates filed for chapter
11 protection on Sept. 18, 2006 (Bank. E.D. Va. Case Nos. 06-11142
to 06-11144).  Dylan G. Trache, Esq., H. Jason Gold, Esq., and
Valerie P. Morrison, Esq., at Wiley Rein & Fielding LLP, represent
the Debtors.  When the Debtors filed for protection from their
creditors, The Rowe Companies listed total assets of $130,779,655
and total debts of $93,262,974; Rowe Furniture estimated assets
between $50 million and $100 million and debts between $10 million
and $50 million; and Storehouse, Inc. estimated assets and debts
between $10 million and $50 million.  The Debtors' exclusive
period to file a chapter 11 plan expires on Jan. 16, 2007.


ROWE COMPANIES: Storehouse Inc. Files Oct. 2006 Operating Report
----------------------------------------------------------------
The Rowe Companies Inc., Rowe Furniture Inc., and Storehouse Inc.
filed their monthly operating report for October 2006 with the
United States Bankruptcy Court for the Eastern District of
Virginia on Nov. 21, 2006.

Storehouse Inc. reported a net loss of $2,946,365 from total
income of $88, for the month ended Oct. 29, 2006.  Net loss for
the month ended Sept. 18 was $1,601,735.85.

At Oct. 31, 2006, Storehouse Inc. and its debtor-affiliates'
balance sheet showed:

        Total Current Assets                  $14,670,869
        Total Assets                          $15,430,953
        Total Liabilities                     $58,578,538
        Total Shareholders' Deficit         [($43,147,585)]

A full-text copy of Storehouse Inc.'s October 2006 MOR is
available at no charge at http://ResearchArchives.com/t/s?15bf

Headquartered in McLean, Virginia, The Rowe Companies
-- http://www.therowecompanies.com/-- manufactures  
upholstered retail home and office furniture, interior
decorations, tableware, lighting fixtures, and other interior
design accessories.  The company owns 100% of stock of
manufacturing and retail subsidiaries, Rowe Furniture
-- http://www.rowefurniture.com/--  and Storehouse, Inc.  
-- http://www.storehousefurniture.com/  

The company and its two of its debtor-affiliates filed for chapter
11 protection on Sept. 18, 2006 (Bank. E.D. Va. Case Nos. 06-11142
to 06-11144).  Dylan G. Trache, Esq., H. Jason Gold, Esq., and
Valerie P. Morrison, Esq., at Wiley Rein & Fielding LLP, represent
the Debtors.  When the Debtors filed for protection from their
creditors, The Rowe Companies listed total assets of $130,779,655
and total debts of $93,262,974; Rowe Furniture estimated assets
between $50 million and $100 million and debts between $10 million
and $50 million; and Storehouse, Inc. estimated assets and debts
between $10 million and $50 million.  The Debtors' exclusive
period to file a chapter 11 plan expires on Jan. 16, 2007.


WERNER HOLDING: Posts $12.2 Million Net Loss in October 2006
------------------------------------------------------------

       Werner Holding Co. (PA) Inc. and Subsidiaries
            Unaudited Consolidated Balance Sheet
                   As of October 31, 2006

ASSETS
Current Assets:
Cash and cash equivalents                            $20,175,000
Receivables, net                                      70,969,000
Income taxes receivable (payable)                      1,182,000
Inventories, net                                      63,368,000
Prepaid insurance and other                            9,350,000
                                                    ------------
Total current assets                                 165,044,000

Property, Plant & Equipment, Net                      74,418,000
Other assets:
Deferred financing fess, net                          10,822,000
Investment in subsidiaries                                     -
Other non-current assets                               7,245,000
                                                    ------------
Total other assets                                    18,067,000
                                                    ------------
TOTAL ASSETS                                        $257,529,000
                                                    ============

LIABILITIES & SHAREHOLDERS' DEFICIT
Current liabilities:
Accounts payable                                     $14,438,000
Accrued liabilities                                   38,221,000
Intercompany payable (receivables)                             -
First lien revolving credit facility                  39,177,000
Current maturities of long-term debt                 183,537,000
                                                    ------------
Total current liabilities                            275,373,000

Long-Term Liabilities:
Long-term debt                                        89,427,000
Reserve for product liability and
   workers' compensation claims                        7,808,000
Other long-term obligations                            2,577,000
Liabilities subject to compromise                    207,353,000
                                                    ------------
Total Liabilities                                    582,538,000

Convertible preferred stock                           99,876,000

Shareholders' Deficit:
Common stock                                               1,000
Additional paid-in-capital                            17,733,000
Retained earnings (deficit)                         (430,646,000)
Accumulated other comprehensive income (loss)        (11,776,000)
N/R arising from stock loan plan                        (197,000)
                                                    ------------
Total Shareholders Deficit                          (424,885,000)
                                                    ------------
TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT           $257,529,000
                                                    ============

        Werner Holding Co. (PA), Inc., and Subsidiaries
         Unaudited Consolidated Statement of Operations
                      October 1 to 31, 2006

Net sales                                            $35,803,000
Total cost of sales                                   28,784,000
                                                    ------------
Gross profit                                           7,019,000

Total operating expenses                              10,492,000

Operating income (loss)                               (3,473,000)
Equity in net income (loss) of subsidiaries                    -
Other income (expense), net                             (355,000)
                                                    ------------
Income (loss) before interest,
  reorganization items and taxes                      (3,828,000)

Reorganization Items:
   Gain on Termination of Benefit Plan                         -
  (Restructuring Process Fees)                        (3,492,000)
   Interest Income                                        65,000
                                                    ------------
Reorganization Items, Net                             (3,427,000)
                                                    ------------
Interest (loss) before interest and taxes             (7,255,000)
Inter-company interest expense                                 -
Interest expense                                       5,307,000
                                                    ------------
Income (loss) before income taxes                    (12,562,000)
Provision (benefit) for income taxes                    (349,000)
                                                    ------------
Net Income (Loss)                                   ($12,213,000)
                                                    ============

        Werner Holding Co. (PA), Inc., and Subsidiaries
         Unaudited Consolidated Statement of Cash Flows
                      October 1 to 31, 2006

Cash flows provided (used) by
  operating activities                               ($2,065,000)

Cash Flows From Investing Activities:
Capital expenditures, net                               (342,000)
Proceeds from sale of property                                 -
                                                    ------------
Net cash used in investing activities                   (342,000)

Cash Flows From Financing Activities:
Borrowings of long-term debt                                   -
Repayments of long-term debt                                   -
Capital lease payments                                  (191,000)
Net borrowings under first lien revolving
  credit facility                                              -
Debt issuance costs                                            -
                                                    ------------
Net cash provided (used) by financing activities        (191,000)

Net increase (decrease) in cash and equivalents        1,532,000
Cash and equivalents at October 1, 2006               18,643,000
                                                    ------------
Cash and equivalents at October 31, 2006             $20,175,000
                                                    ============

Headquartered in Greenville, Pennsylvania, Werner Co.
-- http://www.wernerladder.com/-- manufactures and distributes   
ladders, climbing equipment and ladder accessories.  The company
and three of its affiliates filed for chapter 11 protection on
June 12, 2006 (Bankr. D. Del. Case No. 06-10578).

The firm of Willkie Farr & Gallagher LLP serves as the Debtors'
counsel.  Kara Hammond Coyle, Esq., Matthew Barry Lunn, Esq., and
Robert S. Brady, Esq., Young, Conaway, Stargatt & Taylor, LLP,
represents the Debtors as its co-counsel.  The Debtors have
retained Rothschild Inc. as their financial advisor.  Greenberg
Traurig LLP is counsel to the Official Committee of Unsecured
Creditors.  Jefferies & Co serves as the Committee's financial
advisor.

At March 31, 2006, the Debtors reported total assets of
$201,042,000 and total debts of $473,447,000.  (Werner Ladder
Bankruptcy News, Issue No. 14; 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
Acrobat PDF format.

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

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

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

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

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Marie Therese V. Profetana, Robert Max Victor M. Quiblat II,
Shimero R. Jainga, Joel Anthony G. Lopez, Melvin C. Tabao, Rizande
B. Delos Santos, Cherry A. Soriano-Baaclo, Ronald C. Sy, 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
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $725 for 6 months delivered via e-
mail. Additional e-mail subscriptions for members of the same firm
for the term of the initial subscription or balance thereof are
$25 each.  For subscription information, contact Christopher Beard
at 240/629-3300.

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