TCR_Public/061230.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, December 30, 2006, Vol. 10, No. 310

                             Headlines

ADELPHIA COMMS: Files November 2006 Monthly Operating Report
ALLIED HOLDINGS: Posts $1.1 Million Net Loss in November 2006
CALPINE CORPORATION: Earns $14.2 Million in October 2006
COLLINS & AIKMAN: Posts $45.5MM Net Loss in Period Ended Nov. 25
REFCO INC: Files November 2006 Monthly Operating Report

ROWE COMPANIES: Posts $2.2 Million Net Loss in Period Ended Dec. 3
ROWE COS: Furniture Files Operating Report for Period Ended Dec. 3
ROWE COS: Storehouse Posts $463,456 Net Loss in November 2006

                             *********

ADELPHIA COMMS: Files November 2006 Monthly Operating Report
------------------------------------------------------------

            Adelphia Communications Corporation, et al.
             Consolidated Statement of Net Liabilities
                    In Liquidation (Unaudited)
                     As of November 30, 2006
                     (Dollars in thousands)

                              ASSETS

Cash and cash equivalents                             $6,064,274
Restricted cash                                           33,693
Short-term investments                                 3,127,785
Proceeds from Sale Transaction held in escrow            736,855
TWC Class A Common Stock                               5,475,208
Other assets                                             261,383
                                                     -----------
Total Assets                                         $15,699,198
                                                     ===========

        LIABILITIES AND NET LIABILITIES IN LIQUIDATION

Accounts payable                                          $2,602
Income taxes payable                                     512,171
Accrued liquidation costs                                174,099
Other accrued liabilities                                253,443
Liabilities subject to compromise                     16,487,311
                                                     -----------
Total liabilities                                    $17,429,626
                                                     -----------
Net Liabilities in Liquidation                       ($1,730,428)
                                                     ===========

         Adelphia Communications Corporation, et al.
         Unaudited Consolidated Statement of Changes
              In Net Liabilities In Liquidation
                  Month Ended November 30, 2006
                   (Dollars in thousands)

Net liabilities in liquidation at Oct. 31, 2006      ($1,748,628)

Changes in net liabilities in liquidation:
   Settlement of liabilities subject to compromise         8,204
   Change in estimate of net realizable value of
      assets                                               1,204
   Interest income                                        41,766
   Interest income from affiliates                         7,590
   Interest expense                                      (40,564)
                                                     -----------
Net change in net liabilities in liquidation              18,200
                                                     -----------
Net liabilities in liquidation                       ($1,730,428)
                                                     ===========

Based in Coudersport, Pa., Adelphia Communications Corporation
(OTC: ADELQ) -- http://www.adelphia.com/-- is the fifth-largest    
cable television company in the country.  Adelphia serves
customers in 30 states and Puerto Rico, and offers analog and
digital video services, high-speed Internet access and other
advanced services over its broadband networks.  The Company and
its more than 200 affiliates filed for Chapter 11 protection in
the Southern District of New York on June 25, 2002.  Those cases
are jointly administered under case number 02-41729.  Willkie Farr
& Gallagher represents the ACOM Debtors.  PricewaterhouseCoopers
serves as the Debtors' financial advisor.  Kasowitz, Benson,
Torres & Friedman, LLP, and Klee, Tuchin, Bogdanoff & Stern LLP
represent the Official Committee of Unsecured Creditors.

Adelphia Cablevision Associates of Radnor, L.P., and 20 of its
affiliates, collectively known as Rigas Manged Entities, are
entities that were previously held or controlled by members of the
Rigas family.  In March 2006, the rights and titles to these
entities were transferred to certain subsidiaries of Adelphia
Cablevision, LLC.  The RME Debtors filed for chapter 11 protection
on March 31, 2006 (Bankr. S.D.N.Y. Case Nos. 06-10622 through
06-10642).  Their cases are jointly administered under Adelphia
Communications and its debtor-affiliates chapter 11 cases.
(Adelphia Bankruptcy News, Issue No. 159; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


ALLIED HOLDINGS: Posts $1.1 Million Net Loss in November 2006
-------------------------------------------------------------

                     Allied Holdings, Inc.
             Unaudited Consolidated Balance Sheet
                    As of November 30, 2006
                        (In Thousands)

                            Assets

Current Assets:
       Cash and cash equivalents                          $1,370
       Receivables, net of allowances                     45,840
       Related party receivables                          16,359
       Inventories                                         4,930
       Prepayments and other current assets               17,679
                                                       ---------
          Total current assets                            86,178

Property and equipment, net                              125,639
Goodwill, net                                              3,545
Deferred income taxes                                        127
Other non-current assets                                  21,991
Investment in related parties                             31,094
                                                       ---------
TOTAL ASSETS                                            $268,574
                                                       =========

             Liabilities and Stockholders' Deficit

Current liabilities not subject to compromise
        DIP facility                                    $159,191
        Accounts and notes payable                        21,977
        Deferred income taxes                                145
        Accrued liabilities                               51,505
                                                       ---------
          Total current liabilities                      232,818

Long-term liabilities not subject to compromise
        Postretirement benefits                            4,299
        Other long-term liabilities                       22,945
                                                       ---------
          Total long-term liabilities                     27,244

Liabilities subject to compromise                        199,062
Stockholders' deficit                                   (190,550)
                                                       ---------
       Total liabilities & stockholders' deficit        $268,574
                                                       =========

                     Allied Holdings, Inc.
        Unaudited Consolidated Statement of Operations
             For the Month Ended November 30, 2006
                        (In Thousands)

Revenues                                                 $65,088

Operating Expenses
       Salaries, Wages & Fringe benefits                  31,738
       Operating supplies & expenses                      13,375
       Purchased transportation                            8,190
       Insurance & claims                                  3,348
       Operating tax & licenses                            2,250
       Depreciation & amortization                         2,564
       Rents                                                 631
       Communications & utilities                            409
       Other operating expenses                              723
       Loss on disposal of operating assets, net              21
                                                       ---------
          Total Operating Expenses                        63,249
                                                       ---------
          Operating Income (Loss)                          1,839

Other Income (Expense)
       Interest expense                                   (1,874)
       Investment income                                       6
       Foreign exchange losses, net                         (589)
       Equity in earnings of subsidiaries                    246
                                                       ---------
                                                          (2,211)
                                                       ---------
Loss before reorganization items and income taxes           (372)
Reorganization items                                        (742)
                                                       ---------
Loss before income taxes                                  (1,114)
Income tax expense                                             -
                                                       ---------
NET LOSS                                                 ($1,114)
                                                       =========

The Debtors disclose cash disbursements totaling $4,635,427
during November 2006.

Headquartered in Decatur, Georgia, Allied Holdings Inc.
-- http://www.alliedholdings.com/-- and its affiliates provide   
short-haul services for original equipment manufacturers and
provide logistical services.  The Company and 22 of its affiliates
filed for chapter 11 protection on July 31, 2005 (Bankr. N.D. Ga.
Case Nos. 05-12515 through 05-12537).  Jeffrey W. Kelley, Esq., at
Troutman Sanders, LLP, represents the Debtors in their
restructuring efforts.  Henry S. Miller at Miller Buckfire & Co.,
LLC, serves as the Debtors' financial advisor.  Anthony J. Smits,
Esq., at Bingham McCutchen LLP, provides the Official Committee of
Unsecured Creditors with legal advice and Russell A. Belinsky at
Chanin Capital Partners, LLC, provides financial advisory services
to the Committee.  When the Debtors filed for protection from
their creditors, they estimated more than $100 million in assets
and debts.  (Allied Holdings Bankruptcy News, Issue No. 35;
Bankruptcy Creditors' Service, Inc. http://bankrupt.com/newsstand/  
or 215/945-7000)


CALPINE CORPORATION: Earns $14.2 Million in October 2006
--------------------------------------------------------
                       Calpine Corporation
              Condensed Consolidating Balance Sheet
                     As of October 31, 2006

                             ASSETS

Current assets:
    Cash and cash equivalents                    $1,032,826,000
    Accounts receivable, net                        833,153,000
    Margin deposits and other prepaid expense       362,374,000
    Inventories                                     196,144,000
    Restricted cash                                 397,269,000
    Current derivative assets                       209,232,000
    Other current assets                             86,234,000
                                                 --------------
Total current assets                              3,117,232,000

    Restricted cash, net of current portion         192,622,000
    Notes receivable, net of current portion        146,887,000
    Project development costs                        26,309,000
    Investments                                     104,311,000
    Deferred financing costs                        145,092,000
    Prepaid lease, net of current portion           196,901,000
    Property, plant and equipment, net           13,857,208,000
    Goodwill                                         45,160,000
    Other intangible assets, net                     51,002,000
    Long-term derivative assets                     384,857,000
    Assets of discontinued operations, net           39,542,000
    Other assets                                    558,989,000
                                                 --------------
Total assets                                    $18,866,112,000
                                                 ==============

              LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
    Accounts payable                               $506,227,000
    Accrued payroll and related expense              42,014,000
    Accrued interest payable                        102,843,000
    Income taxes payable                             99,073,000
    Notes payable and other borrowings, current     143,858,000
    Preferred interests, current portion              8,722,000
    Capital lease obligations, current portion      282,947,000
    CCFC financing, current portion                   3,208,000
    CalGen financing, current portion             2,510,982,000
    Construction/project financing, current         557,400,000
    DIP Facility, current portion                     3,500,000
    Current derivative liabilities                  276,887,000
    Other current liabilities                       356,870,000
                                                 --------------
Total current liabilities                         4,894,531,000

    Notes payable and other borrowings, net         420,350,000
    Preferred interests, net of current portion     574,893,000
    Capital lease obligations, net                      180,000
    CCFC financing, net of current portion          778,798,000
    Construction/project financing, net           1,482,320,000
    DIP Facility, net of current portion            993,875,000
    Deferred income taxes, net                      418,844,000
    Deferred revenue                                108,772,000
    Long-term derivative liabilities                526,291,000
    Other liabilities                               158,028,000
                                                 --------------
Total liabilities not subject to compromise      10,356,882,000
Liabilities subject to compromise                15,033,057,000

Minority interests                                  268,233,000
Stockholders' equity (deficit):
    Common stock                                        539,000
    Additional paid-in capital                    3,270,857,000
    Additional paid-in capital, loaned shares       171,100,000
    Additional paid-in capital, returnable shares  (171,100,000)
    Accumulated deficit                         (10,004,475,000)
    Accumulated other comprehensive loss            (58,981,000)
                                                 --------------
Total stockholders' deficit                      (6,792,060,000)
                                                 --------------
Total liabilities and stockholders' deficit     $18,866,112,000
                                                 ==============

                       Calpine Corporation
         Condensed Consolidating Statement of Operations
             For the period ending October 31, 2006

Revenue:
   Electricity and steam revenue                    $408,405,000
   Sales of purchased power and gas
      for hedging and optimization                   147,134,000
   Mark-to-market activities, net                      8,385,000
   Other revenue                                       4,466,000
                                                 ---------------
Total revenue                                        568,390,000

Cost of revenue:
   Plant operating expense                            96,195,000
   Royalty expense                                     2,124,000
   Transmission purchase expense                       7,083,000
   Purchased power and gas expense
      for hedging and optimization                   141,053,000
   Fuel expense                                      246,914,000
   Depreciation and amortization expense              39,634,000
   Operating plant impairments                           (10,000)
   Operating lease expense                             4,218,000
   Other cost of revenue                              15,851,000
                                                 ---------------
Total cost of revenue                                553,062,000
                                                 ---------------
Gross profit                                          15,328,000
Equipment, development project and other impairment   (1,154,000)
Long-term service agreement cancellation charge        1,500,000
Project development expense                            2,986,000
Research and development expense                         325,000
Sales, general and administrative expense             11,572,000
                                                 ---------------
Income from operations                                    99,000
Interest expense                                      74,804,000
Interest (income)                                     (7,597,000)
Minority interest expense                             (2,480,000)
Other (income) expense, net                            1,798,000
                                                 ---------------
Income (loss) before reorganization items and
   provision for income taxes                        (66,426,000)
Reorganization items                                 (89,576,000)
                                                 ---------------
Income (loss) before provision for income taxes       23,150,000
Provision (benefit) for income taxes                   8,925,000
                                                 ---------------
Net income (loss)                                    $14,225,000
                                                 ===============

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


COLLINS & AIKMAN: Posts $45.5MM Net Loss in Period Ended Nov. 25
----------------------------------------------------------------

                   Collins & Aikman Corporation
                          Balance Sheet
                     As of November 25, 2006

                              ASSETS

Cash                                                 $85,973,740
Accounts receivable-trade, net                       268,065,421
Other non-trade receivables                            4,164,864
Inventories, net                                      72,614,118
Tooling and molding, net-current                      33,178,878
Prepaids & other current assets                       52,976,429
Deferred tax assets-current                                    0
                                                 ---------------
TOTAL CURRENT ASSETS                                 516,973,450

Investments in subsidiaries                        2,479,293,529
Fixed assets, net                                    263,007,653
Goodwill, net                                        978,554,071
Deferred tax assets-long term                                  0
Tooling and molding, net-long term                     8,033,023
Other noncurrent assets                               83,354,425
Intercompany accounts - net                           80,172,124
Prepetition intercompany - net                       641,723,972
                                                 ---------------
TOTAL ASSETS                                      $5,051,112,247
                                                 ===============

                       LIABILITIES & EQUITY

Notes payable                                                 $0
Short term borrowings                                          0
Advance on receivables                                         0
Current portion-long term debt                       241,913,838
Current portion-capital leases                                 0
Accounts payable                                      23,344,603
Accrued interest payable                              31,428,508
Accrued & other liabilities                          110,289,747
Income taxes payable                                   4,331,934
                                                 ---------------
Total current liabilities                            411,308,630

Liabilities subject to compromise                  2,446,659,861
                                                 ---------------
Total liabilities                                  2,857,968,492

Total equity                                       2,193,143,755
                                                 ---------------
TOTAL LIABILITIES & EQUITY                        $5,051,112,247
                                                 ===============

                  Collins & Aikman Corporation
                        Income Statement
                 Month Ending November 25, 2006

Net outside sales                                   $101,839,599
I/C Net sales                                          8,142,693
                                                 ---------------
Total sales                                          109,982,292

Cost of Sales                                        131,729,423
                                                 ---------------
Gross profit                                         (21,747,131)

Selling, general & administrative expenses            19,060,329
                                                 ---------------
Operating income                                     (40,807,460)

Interest expenses, net                                 7,856,993
Intercompany interest, net                            (2,408,884)
Preferred stock accretion                                      0
Miscellaneous (income)/expense                           400,000
Corporate allocation adjustment                                0
Commission income                                       (198,721)
Commission expense                                             0
Royalty income                                          (442,228)
Royalty expense                                                0
Joint Venture (Income)/Expense                                 0
Minority interest in cons net income                           0
Dividend income                                                0
Discount/Income for Carcorp.                                   0
Gain/(Loss) early extinguishments of debt                      0
Discount/Premium on hedges                                     0
(Gain)/Loss on hedges                                          0
(Gain)/Loss on swaps                                           0
NAAIS Intercompany sales profit                                0
Loss on sale of receivables                                    0
Restructuring provision                                        0
Foreign transactions - (Gain)/Loss                      (627,089)
Amort of discount on NPV of liabilities                        0
(Gain)/Loss on sale-leaseback transaction                      0
                                                 ---------------
Income from continuing operations before taxes       (45,387,551)

Federal income tax                                             0
State income tax                                               0
Foreign income tax                                        26,496
                                                 ---------------
Income from continuing operations                    (45,414,047)

Discontinued operations                                  110,550
Gain/Loss on sale of divisions                                 0
Extraordinary items                                            0
Integration                                                    0
                                                 ---------------
NET INCOME (LOSS)                                   ($45,524,597)
                                                 ===============

Headquartered in Troy, Michigan, Collins & Aikman Corporation
-- http://www.collinsaikman.com/-- is a global leader in   
cockpit modules and automotive floor and acoustic systems and is
a leading supplier of instrument panels, automotive fabric,
plastic-based trim, and convertible top systems.  The Company
has a workforce of approximately 23,000 and a network of more
than 100 technical centers, sales offices and manufacturing
sites in 17 countries throughout the world.  The Company and its
debtor-affiliates filed for chapter 11 protection on May 17,
2005 (Bankr. E.D. Mich. Case No. 05-55927).  Richard M. Cieri,
Esq., at Kirkland & Ellis LLP, represents C&A in its
restructuring.  Lazard Freres & Co., LLC, provides the Debtor
with investment banking services.  Michael S. Stammer, Esq., at
Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors Committee.  When the Debtors
filed for protection from their creditors, they listed
$3,196,700,000 in total assets and $2,856,600,000 in total
debts.  (Collins & Aikman Bankruptcy News, Issue No. 48;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


REFCO INC: Files November 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 November 1
to 30, 2006.

Peter F. James, controller of Refco, reports that the company  
held a $1,575,010,000 cash balance at the start of the reporting
period.  Refco received $407,890,000 and disbursed $25,212,000 in
cash.  Refco's ending cash balance totals $1,957,687,000.

As paying agent for certain non-debtors and Refco, LLC, the
Debtors disbursed approximately $2,100,000.

Mr. James discloses that Refco paid $381,000 in gross wages,
of which approximately $167,000 was paid on behalf of and
reimbursed by the Non-Debtors and Refco LLC.  Refco also withheld
$117,000 in employee payroll taxes, of which $8,000 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 $9,331,000 for professional fees for November, and
$105,008,000 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.


ROWE COMPANIES: Posts $2.2 Million Net Loss in Period Ended Dec. 3
------------------------------------------------------------------
The Rowe Companies Inc., Rowe Furniture Inc., and Storehouse Inc.
filed their monthly operating report for November 2006 with the
United States Bankruptcy Court for the Eastern District of
Virginia on Dec. 27, 2006.

Rowe Companies Inc. reported a net loss of $2,215,830 with no
revenues for the period from Oct. 29, 2006 to Dec. 3, 2006.

As of Dec. 3, 2006, Rowe Companies' balance sheet showed:

        Total Current Assets                   $1,856,233
        Total Assets                          $20,595,905
        Total Liabilities                     $24,498,771
        Total Shareholders' Equity             $3,902,865

A full-text copy of Rowe Companies Inc.'s November 2006 MOR is
available at no charge at http://ResearchArchives.com/t/s?17c8

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 COS: Furniture Files Operating Report for Period Ended Dec. 3
------------------------------------------------------------------
The Rowe Companies Inc., Rowe Furniture Inc., and Storehouse Inc.
filed their monthly operating report for November 2006 with the
United States Bankruptcy Court for the Eastern District of
Virginia on Dec. 27, 2006.

As of Dec. 3, 2006, Rowe Furniture Inc.'s balance sheet showed:

        Total Current Assets                       $51,674
        Total Assets                           $68,498,813
        Total Liabilities                      $22,270,458
        Total Shareholders' Equity             $46,228,355

A full-text copy of Rowe Furniture Inc.'s November 2006 MOR is
available at no charge at http://ResearchArchives.com/t/s?17c9

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 COS: Storehouse Posts $463,456 Net Loss in November 2006
-------------------------------------------------------------
The Rowe Companies Inc., Rowe Furniture Inc., and Storehouse Inc.
filed their monthly operating report for November 2006 with the
United States Bankruptcy Court for the Eastern District of
Virginia on Dec. 27, 2006.

Storehouse Inc. reported a net loss of $463,456 from total
net sale of $ 11,987,851, for the month ended Nov. 30, 2006.  Net
loss for the month ended Oct. 31 was $2,946,365.

At Nov. 30, 2006, Storehouse Inc.'s balance sheet showed:

        Total Current Assets                   $6,412,876
        Total Assets                           $7,155,889
        Total Liabilities                      $3,224,833
        Total Shareholders' Equity             $53,967,891

A full-text copy of Storehouse Inc.'s October 2006 MOR is
available at no charge at http://ResearchArchives.com/t/s?17ca

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.

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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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