TCR_Public/070120.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, January 20, 2007, Vol. 10, No. 17

                             Headlines

DURA AUTOMOTIVE: Files Schedules of Assets and Liabilities
DURA AUTOMOTIVE: Operating Files Schedules of Assets & Debts
DURA AUTOMOTIVE: Files Operating Report for Period Ended Nov. 26
INTERSTATE BAKERIES: Posts $7.1M Net Loss for Period Ended Nov. 18
REFCO INC: Refco LLC Files October 2006 Monthly Operating Report

SEA CONTAINERS: Posts $888,304 Net Loss in November 2006
SONICBLUE INC: Files November Monthly Operating Report
THAXTON GROUP: Posts $85.1 Mil. Cumulative Net Loss in Nov. 2006
TOWER AUTOMOTIVE: Posts $16.6 Million Net Loss in November 2006
VESTA INSURANCE: Files December 2006 Monthly Operating Report

VESTA INSURANCE: Gaines Files December 2006 Operating Report

                             *********

DURA AUTOMOTIVE: Files Schedules of Assets and Liabilities
----------------------------------------------------------

A.     Real Property
          Jacksonville, Florida                       $1,870,922
          West Union, Iowa                             3,554,051
          Moberly, Missouri                            1,419,465

B.     Personal Property
B.1    Cash on hand                                         None
B.2    Bank Accounts                                   8,405,496
B.3    Security Deposit                                   72,500
B.4    Household goods                                      None
B.5    Book, artwork and collectibles                       None
B.6    Wearing apparel                                      None
B.7    Furs and jewelry                                     None
B.8    Firearms and other equipment                         None
B.9    Insurance Policies                              8,097,430
B.10   Annuities                                            None
B.11   Interests in an education IRA                        None
B.12   Interests in pension plans                           None
B.13   Stock and Interests                          Undetermined
B.14   Interests in partnerships & jnt venture      Undetermined
B.15   Government and corporate bonds                       None
B.16   Accounts Receivable                            19,280,593
B.17   Alimony                                              None
B.18   Other Liquidated Debts Owing Debtor           391,221,844
B.19   Equitable or future interests                        None
B.20   Interests in estate death benefit plan               None
B.21   Other Contingent and Unliquidated Claims           29,915
B.22   Patents                                      Undetermined
B.23   Licenses, franchises & other intangibles     Undetermined
B.24   Customer lists or other compilations                 None
B.25   Vehicles                                           67,332
B.26   Boats, motors and accessories                        None
B.27   Aircraft and accessories                             None
B.28   Office Equipment                                8,577,243
B.29   Equipment and Supplies for Business             7,461,434
B.30   Inventory                                       9,417,911
B.31   Animals                                              None
B.32   Crops                                                None
B.33   Farming equipment and implements                     None
B.34   Farm supplies, chemicals and feed                    None
B.35a  Other Personal Property                        30,280,337
B.35b  AP Debit Balances                               2,396,461

       TOTAL SCHEDULED ASSETS                       $492,152,934
       =========================================================

C.     Property Claimed as Exempt                 Not applicable

D.     Secured Claim
          JP Morgan Chase Bank, N.A.                $225,963,688
          UCC Liens                                 Undetermined

E.     Unsecured Priority Claims
          Priority Claims - Tax Liabilities         Undetermined

F.     Unsecured Non-priority Claims
          BNY Midwest Trust Company                  418,569,672
          US Bank                                    427,530,400
          Mizuho Trust & Banking                     132,111,376
          Intercompany Payables                      431,943,340
          Other liquidated claims                     34,089,140
          Others                                    Undetermined

       TOTAL SCHEDULED LIABILITIES                $1,670,207,616
       =========================================================

Rochester Hills, Mich.-based DURA Automotive Systems, Inc.
(Nasdaq: DRRA) -- http://www.DURAauto.com/-- is an independent  
designer and manufacturer of driver control systems, seating
control systems, glass systems, engineered assemblies, structural
door modules and exterior trim systems for the global automotive
industry.  The company is also a supplier of similar products to
the recreation vehicle and specialty vehicle industries.  DURA
sells its automotive products to North American, Japanese and
European original equipment manufacturers and other automotive
suppliers.

The Debtors filed for chapter 11 petition on October 30, 2006
(Bankr. District of Delaware Case No. 06-11202).  Richard M.
Cieri, Esq., Marc Kieselstein, Esq., Roger James Higgins, Esq.,
and Ryan Blaine Bennett, Esq., of Kirkland & Ellis LLP are lead
counsel for the Debtors' bankruptcy proceedings.  Mark D. Collins,
Esq., Daniel J. DeFranseschi, Esq., and Jason M. Madron, Esq., of
Richards Layton & Finger, P.A. Attorneys are the Debtors' co-
counsel.  Baker & McKenzie acts as the Debtors' special counsel.  
Togut, Segal & Segal LLP is the Debtors' conflicts counsel.  
Miller Buckfire & Co., LLC is the Debtors' investment banker.  
Glass & Associates Inc., gives financial advice to the Debtor.  
Kurtzman Carson Consultants LLC handles the notice, claims and
balloting for the Debtors and Brunswick Group LLC acts as their
Corporate Communications Consultants for the Debtors.  As of July
2, 2006, the Debtor had US$1,993,178,000 in total assets and
US$1,730,758,000 in total liabilities.  (Dura Automotive
Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or  215/945-7000).


DURA AUTOMOTIVE: Operating Files Schedules of Assets & Debts
------------------------------------------------------------

A.     Real Property
          Jacksonville, Florida                       $1,870,922
          West Union, Iowa                             3,554,051
          Moberly, Missouri                            1,419,465

B.     Personal Property
B.1    Cash on hand                                         None
B.2    Bank Accounts                                   8,405,496
B.3    Security Deposit                                   72,500
B.4    Household goods                                      None
B.5    Book, artwork and collectibles                       None
B.6    Wearing apparel                                      None
B.7    Furs and jewelry                                     None
B.8    Firearms and other equipment                         None
B.9    Insurance Policies                              8,097,430
B.10   Annuities                                            None
B.11   Interests in an education IRA                        None
B.12   Interests in pension plans                           None
B.13   Stock and Interests                          Undetermined
B.14   Interests in partnerships & jnt venture      Undetermined
B.15   Government and corporate bonds                       None
B.16   Accounts Receivable                            19,280,593
B.17   Alimony                                              None
B.18   Other Liquidated Debts Owing Debtor           391,221,844
B.19   Equitable or future interests                        None
B.20   Interests in estate death benefit plan               None
B.21   Other Contingent and Unliquidated Claims           29,915
B.22   Patents                                      Undetermined
B.23   Licenses, franchises & other intangibles     Undetermined
B.24   Customer lists or other compilations                 None
B.25   Vehicles                                           67,332
B.26   Boats, motors and accessories                        None
B.27   Aircraft and accessories                             None
B.28   Office Equipment                                8,577,243
B.29   Equipment and Supplies for Business             7,461,434
B.30   Inventory                                       9,417,911
B.31   Animals                                              None
B.32   Crops                                                None
B.33   Farming equipment and implements                     None
B.34   Farm supplies, chemicals and feed                    None
B.35a  Other Personal Property                        30,280,337
B.35b  AP Debit Balances                               2,396,461

       TOTAL SCHEDULED ASSETS                       $492,152,934
       =========================================================

C.     Property Claimed as Exempt                 Not applicable

D.     Secured Claim
          JP Morgan Chase Bank, N.A.                $225,963,688
          UCC Liens                                 Undetermined

E.     Unsecured Priority Claims
          Priority Claims - Tax Liabilities         Undetermined

F.     Unsecured Non-priority Claims
          BNY Midwest Trust Company                  418,569,672
          US Bank                                    427,530,400
          Mizuho Trust & Banking                     132,111,376
          Intercompany Payables                      431,943,340
          Other liquidated claims                     34,089,140
          Others                                    Undetermined

       TOTAL SCHEDULED LIABILITIES                $1,670,207,616
       =========================================================

The Debtors filed for chapter 11 petition on October 30, 2006
(Bankr. District of Delaware Case No. 06-11202).  Richard M.
Cieri, Esq., Marc Kieselstein, Esq., Roger James Higgins, Esq.,
and Ryan Blaine Bennett, Esq., of Kirkland & Ellis LLP are lead
counsel for the Debtors' bankruptcy proceedings.  Mark D. Collins,
Esq., Daniel J. DeFranseschi, Esq., and Jason M. Madron, Esq., of
Richards Layton & Finger, P.A. Attorneys are the Debtors' co-
counsel.  Baker & McKenzie acts as the Debtors' special counsel.  
Togut, Segal & Segal LLP is the Debtors' conflicts counsel.  
Miller Buckfire & Co., LLC is the Debtors' investment banker.  
Glass & Associates Inc., gives financial advice to the Debtor.  
Kurtzman Carson Consultants LLC handles the notice, claims and
balloting for the Debtors and Brunswick Group LLC acts as their
Corporate Communications Consultants for the Debtors.  As of July
2, 2006, the Debtor had $1,993,178,000 in total assets and
$1,730,758,000 in total liabilities.  (Dura Automotive Bankruptcy
News, Issue No. 7; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


DURA AUTOMOTIVE: Files Operating Report for Period Ended Nov. 26
----------------------------------------------------------------

         Dura Automotive Systems, Inc., and Subsidiaries
         Condensed Unaudited Consolidated Balance Sheet
                     As of November 26, 2006
                      (Dollars in thousands)

                              ASSETS

Current assets:
   Cash and cash equivalents                             $54,202
   Accounts receivable, net
      Third parties                                      152,581
      Non-Debtor subsidiaries                              5,355
   Inventories                                            81,969
   Other current assets                                   41,534
                                                      ----------
      Total current assets                               335,641
                                                      ----------

Property, plant and equipment, net                       183,631
Goodwill, net                                            249,927
Intercompany notes receivable                            179,152
Investment in Non-Debtors subsidiaries                   788,647
Other noncurrent assets                                   36,767
                                                      ----------
Total Assets                                          $1,773,765
                                                      ==========

        LIABILITIES AND NET LIABILITIES IN LIQUIDATION

Current liabilities:
   Secured debt in default                              $106,381
   Debtors-in-possession financing                        50,000
   Accounts payable                                       17,666
   Accounts payable to Non-Debtors subsidiaries              863
   Accrued Liabilities                                   102,705
                                                      ----------
      Total current liabilities                          277,615
                                                      ----------
Long-term Liabilities:
   Notes Payable to Non-Debtors subsidiaries               8,371
   Other noncurrent liabilities                           72,460
Liabilities Subject to Compromise                      1,327,122
                                                      ----------
Total Liabilities                                      1,685,568

Stockholders' Investment                                  88,197
                                                      ----------
Total Liabilities and Stockholders' Investment        $1,773,765
                                                      ==========

        Dura Automotive Systems, Inc., and Subsidiaries
   Condensed Unaudited Consolidated Statement of Operations
      For the period from October 30 to November 26, 2006
                      (Dollars in thousands)

Total sales                                              $70,338
Cost of sales                                             75,651
                                                      ----------
Gross (loss) profit                                       (5,313)

Selling, general and administrative expenses               6,567
Facility consolidation, asset impairment
   and other charges                                          97
Amortization expense                                          34
                                                      ----------
Operating (loss) income                                  (12,011)

Interest expense, net                                      9,327
                                                      ----------
Loss before reorganization items and income taxes        (21,338)

Reorganization items                                      16,880
                                                      ----------
Loss before income taxes                                 (38,218)

Provision for income taxes                                    14
                                                      ----------
Net Loss                                                ($38,232)
                                                      ==========

        Dura Automotive Systems, Inc., and Subsidiaries
   Condensed Unaudited Consolidated Statements of Cash Flows
      For the period from October 30 to November 26, 2006
                      (Dollars in thousands)

Operating Activities:
Net loss                                                ($38,232)
Adjustments to reconcile net loss to net cash used
   in operations activities:
      Depreciation, amortization & asset impairments       2,684
      Amortization of deferred financing fees                 51
      Unrealized foreign currency exchange rate lo           735
      Reorganization items                                16,880
Changes in other operating items:
   Accounts receivable                                   (22,986)
   Inventories                                             1,020
   Other current assets                                    2,132
   Accounts payable                                       16,384
   Accrued liabilities                                    10,747
   Accrued interest subject to compromise                  6,847
   Noncurrent assets                                          (4)
   Noncurrent liabilities                                     85
                                                      ----------
Net cash (used in) provided by operating activities       (3,657)

Investing Activities:
Noncurrent intercompany transactions                        (839)
Purchases of property, plant & equipment                    (673)
                                                      ----------
Net cash (used in) provided by investing activities       (1,512)

Financing Activities:
DIP borrowings                                            50,000
Payments on insurance premium installment financing         (606)
Debt issuance costs                                         (950)
                                                      ----------
Net cash provided by financing activities                 48,444

Effect of Exchange Rates on Cash                              49
                                                      ----------
Net increase (Decrease) in Cash & Equivalents             43,324

Cash & Cash Equivalent, Beginning Balance                 10,878
                                                      ----------
Cash & Cash Equivalent, Ending Balance                   $54,202
                                                      ==========

Rochester Hills, Mich.-based DURA Automotive Systems, Inc.
(Nasdaq: DRRA) -- http://www.DURAauto.com/-- is an independent  
designer and manufacturer of driver control systems, seating
control systems, glass systems, engineered assemblies, structural
door modules and exterior trim systems for the global automotive
industry.  The company is also a supplier of similar products to
the recreation vehicle and specialty vehicle industries.  DURA
sells its automotive products to North American, Japanese and
European original equipment manufacturers and other automotive
suppliers.

The Debtors filed for chapter 11 petition on October 30, 2006
(Bankr. District of Delaware Case No. 06-11202).  Richard M.
Cieri, Esq., Marc Kieselstein, Esq., Roger James Higgins, Esq.,
and Ryan Blaine Bennett, Esq., of Kirkland & Ellis LLP are lead
counsel for the Debtors' bankruptcy proceedings.  Mark D. Collins,
Esq., Daniel J. DeFranseschi, Esq., and Jason M. Madron, Esq., of
Richards Layton & Finger, P.A. Attorneys are the Debtors' co-
counsel.  Baker & McKenzie acts as the Debtors' special counsel.  
Togut, Segal & Segal LLP is the Debtors' conflicts counsel.  
Miller Buckfire & Co., LLC is the Debtors' investment banker.  
Glass & Associates Inc., gives financial advice to the Debtor.  
Kurtzman Carson Consultants LLC handles the notice, claims and
balloting for the Debtors and Brunswick Group LLC acts as their
Corporate Communications Consultants for the Debtors.  As of July
2, 2006, the Debtor had US$1,993,178,000 in total assets and
US$1,730,758,000 in total liabilities.  (Dura Automotive
Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or  215/945-7000).


INTERSTATE BAKERIES: Posts $7.1M Net Loss for Period Ended Nov. 18
------------------------------------------------------------------

         Interstate Bakeries Corporation and Subsidiaries
         Unaudited Consolidated Monthly Operating Report
                Four Weeks Ended November 18, 2006

REVENUE

Gross Income                                        $222,315,731
Less Cost of Goods Sold
    Ingredients, Packaging & Outside Purchasing       58,270,148
    Direct & Indirect Labor                           40,650,812
    Overhead & Production Administration              11,956,943
                                                   -------------
       Total Cost of Goods Sold                      110,877,903
                                                   -------------
          Gross Profit                               111,437,828
                                                   -------------

OPERATING EXPENSES

Owner-Draws/Salaries                                           -
Selling & Delivery Employee Salaries                  51,217,602
Advertising and Marketing                              1,788,853
Insurance (Property, Casualty, & Medical)             10,351,131
Payroll Taxes                                          4,357,308
Lease and Rent                                         3,197,160
Telephone and Utilities                                1,058,445
Corporate Expense (Including Salaries)                 6,941,515
Other Expenses                                        27,740,804
                                                   -------------
    Total Operating Expenses                         106,652,818
                                                   -------------
EBITDA                                                 4,785,010

Restructuring & Reorganization Charges                 3,520,903
Depreciation and Amortization                          5,252,504
Abandonment                                              253,491
Other (Income)/Expense                                (1,041,244)
Gain/Loss Sale of Property                                     -
Interest Expense                                       4,171,413
                                                   -------------
    Operating Income (Loss)                           (7,372,057)
Income Tax Expense (Benefit)                            (226,183)
                                                    -------------
Net Income (Loss)                                     (7,145,874)
                                                    =============
CURRENT ASSETS
    Accounts Receivable at end of period              148,030,076
    Increase (Dec.) in Accounts Receivable                443,315
    Inventory at end of period                         66,970,739
    Increase (Decrease) in Inventory for period        (1,548,532)
    Cash at end of period                              81,611,298
    Increase (Decrease) in Cash for period            (10,476,487)
    Restricted Cash                                     7,606,296
    Increase (Dec.) in Restricted Cash for period       2,533,978

LIABILITIES
    Increase (Decrease) in Liabilities
       Not Subject to Compromise                       (2,500,521)
    Increase (Decrease) in Liabilities
       Subject to Compromise                            1,082,768
    Taxes payable:
       Federal Payroll Taxes                            9,405,679
       State/Local Payroll Taxes                        4,417,341
       State Sales Taxes                                  615,008
       Real Estate and Personal Property Taxes         10,316,492
       Other                                            4,304,907
                                                    -------------
       Total Taxes Payable                            $29,059,427
                                                    =============

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


REFCO INC: Refco LLC Files October 2006 Monthly Operating Report
----------------------------------------------------------------
Albert Togut, the Chapter 7 trustee appointed to oversee the
liquidation of Refco, LLC's estate, filed with the Bankruptcy
Court a monthly statement of cash receipts and disbursements for
the period from Oct. 1 to 31, 2006.

The Chapter 7 Trustee reports that Refco LLC's beginning balance
as of October 1 totals $784,687,000.  The Debtor's beginning
purchase price account balance totals $49,997,000 and its
beginning capital account "A" balance totals $734,690,000.
   
The purchase price account includes activity related to Man
Financial, Inc. sale proceeds and related disbursements.  Capital
account "A" includes activity related to collection of excess  
capital.

Refco LLC received $7,630,000 and disbursed $175,709,000.  The
Debtor held $616,608,000 at the end of the period.

The Chapter 7 Trustee prepared the Monthly Statement in lieu of
comprehensive financial statements.

Headquartered in New York, 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 US$16.5 billion in assets and US$16.8 billion in debts
to the Bankruptcy Court on the first day of its chapter 11
cases.  (Refco Bankruptcy News, Issue No. 54; Bankruptcy
Creditors' Service Inc. 215/945-7000).


SEA CONTAINERS: Posts $888,304 Net Loss in November 2006
--------------------------------------------------------

                     Sea Containers, Ltd.
                    Unaudited Balance Sheet
                    As of November 30, 2006

                            Assets

Current Assets
   Cash and cash equivalents                         $56,007,964
   Trade receivables, less allowances
     for doubtful accounts                             1,917,770
   Due from related parties                            8,201,195
   Prepaid expenses and other current assets           6,524,397
                                                    ------------
      Total current assets                            72,651,326

Fixed assets, net                                              -

Long-term equipment sales receivable, net                      -
Investment in group companies                                  -
Intercompany receivables                                       -
Investment in equity ownership interests             202,366,216
Other assets                                           3,378,541
                                                    ------------
Total assets                                        $278,396,083
                                                    ============

             Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                   $2,809,381
   Accrued expenses                                   29,436,083
   Current portion of long-term debt                  26,795,063
   Current portion of senior notes                   385,069,151
                                                    ------------
      Total current liabilities                      444,109,678

Total shareholders' equity                          (163,926,553)
                                                    ------------
Total liabilities and shareholders' equity          $280,183,125
                                                    ============

                     Sea Containers, Ltd.
               Unaudited Statement of Operations
             For the Month Ended November 30, 2006

Revenue                                               $1,342,882

Costs and expenses:
   Operating costs                                        27,402
   Selling, general and
     administrative expenses                          (4,183,914)
   Reorganization Costs                                        -
   Charges to provide against
     intercompany accounts                             7,044,011
   Depreciation and amortization                               -
                                                    ------------
      Total costs and expenses                         2,887,499
                                                    ------------
Loss on sale of assets                                         -
                                                    ------------
Operating income (loss)                                4,230,381

Other income (expense)
   Interest income                                       218,643
   Foreign exchange gains (losses)                        23,237
   Interest expense, net                              (3,483,956)
                                                    ------------
(Loss) Income before taxes                               988,304
Income tax expense                                      (100,000)
                                                    ------------
Net (loss)                                              $888,304
                                                    ============

A full-text copy of the Debtors' schedules of cash receipts and
disbursements is available for free at:   

              http://ResearchArchives.com/t/s?18b1

The Debtors note in their monthly operating report that the
financial statements represent the Sea Containers Group, Ltd.'s
internal accounting on an unaudited and uncertified basis.   The
certification and audit process may result in adjustments to the
stated entries.

Headquartered in Hamilton, Bermuda, Sea Containers Ltd. --
http://www.seacontainers.com/-- provides passenger and freight     
transport and marine container leasing.  Registered in Bermuda,
the company has regional operating offices in London, Genoa, New
York, Rio de Janeiro, Sydney, and Singapore.  The company is
owned almost entirely by United States shareholders and its
primary listing is on the New York Stock Exchange (SCRA and
SCRB) since 1974.  On Oct. 3, the company's common shares and
senior notes were suspended from trading on the NYSE and NYSE
Arca after the company's failure to file its 2005 annual report
on Form 10-K and its quarterly reports on Form 10-Q during 2006
with the U.S. Securities and Exchange Commission.

Through its GNER subsidiary, Sea Containers Passenger Transport
operates Britain's fastest railway, the Great North Eastern
Railway, linking England and Scotland.  It also conducts ferry
operations, serving Finland and Estonia as well as a commuter
service between New York and New Jersey in the U.S.

Sea Containers Ltd. and two subsidiaries filed for chapter 11
protection on Oct. 15, 2006 (Bankr. D. Del. Case No. 06-11156).  
Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor
represents the Debtors in their restructuring efforts.  When the
Debtors filed for protection from their creditors, they reported
US$1.7 billion in total assets and US$1.6 billion in total
debts.  (Sea Containers Bankruptcy News, Issue No. 9; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or   
215/945-7000).


SONICBLUE INC: Files November Monthly Operating Report
------------------------------------------------------
On Jan. 12, 2007, SONICblue Incorporated reports that it is
sitting on $78,658,703 of cash, has accrued $496,310 in
postpetition liabilities, and faces a $236,604,166 mountain of
prepetition debts.

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

              http://ResearchArchives.com/t/s?18b3

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


THAXTON GROUP: Posts $85.1 Mil. Cumulative Net Loss in Nov. 2006
----------------------------------------------------------------
The Thaxton Group filed its monthly operating report for the month
of November 2006 with the U.S. Bankruptcy Court for the District
of Delaware on Jan. 12, 2006.

The company reported a cumulative net loss of $85,135,970 on
$171,279,193 of revenue for the period from Oct. 17, 2003, thru
Nov. 30, 2006.

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

          Total Assets                    $100,463,371
          Total Liabilities               $186,621,944
          Stockholders' Equity Deficit    ($86,158,573)

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

              http://ResearchArchives.com/t/s?18b7

Headquartered in Lancaster, South Carolina, The Thaxton Group,
Inc., is a diversified consumer financial services company.
The Company filed for Chapter 11 protection on Oct. 17, 2003
(Bankr. Del. Case No. 03-13183).  Daniel B. Butz, Esq.,
Michael G. Busenkell, Esq., and Robert J. Dehney, Esq., at
Morris, Nichols, Arsht & Tunnell, represent the Debtors in their
restructuring efforts.  Alan Kolod, Esq., at Moses & Singer LLP,
represents the Offical Committee of Unsecured Creditors.  As of
Dec. 31, 2005, the Debtors reported assets totaling $98,889,297
and debts totaling $175,693,613.



TOWER AUTOMOTIVE: Posts $16.6 Million Net Loss in November 2006
---------------------------------------------------------------

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

Cash and cash equivalents                                 $4,377
Accounts receivable                                      140,912
Inventories                                               51,312
Prepaid tooling and other                                 14,453
                                                    ------------
TOTAL CURRENT ASSETS                                     211,054
                                                    ------------
Property, plant and equipment, net                       494,254
Investment in and advances to affiliates                 778,621
Other assets, net                                         49,539
                                                    ------------
TOTAL ASSETS                                          $1,533,468
                                                    ============

CURRENT LIABILITIES NOT SUBJECT TO
    COMPROMISE:
Current maturities of L-T debt and capital lease         $14,250
    obligations
Current maturities of DIP borrowings                     605,000
Accounts payable                                         126,184
Accrued liabilities                                      104,440
                                                    ------------
    TOTAL CURRENT LIABILITIES                            849,874
                                                    ------------
Liabilities subject to comprise:                       1,401,922

Non-Current Liabilities Not Subject to
    Compromise:
Long-term debt, net of current maturities                 84,751
Other non-current liabilities                             18,638
                                                    ------------
TOTAL LIABILITIES                                      2,355,185
                                                    ------------
STOCKHOLDERS' DEFICIT:                                  (821,717)
                                                    ------------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT:          $1,533,468
                                                     ============

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

Revenues                                                $116,471
Cost of sales                                            115,064
                                                    ------------
Gross profit                                               1,407

Selling, general and administrative                        6,114
    expenses
Restructuring & asset impairment                           7,622
    charges, net
Other operating income                                      (248)
                                                    ------------
Operating income (loss)                                  (12,081)

Interest expense                                           8,891
Interest income                                             (104)
Intercompany interest (income)/expense                    (2,448)
Chapter 11 and related reorganization items               (2,037)
                                                    ------------
Income (loss) before provision for income taxes,         (16,383)
    equity in earnings of joint ventures, and
    minority interest

Provision (benefit) for income taxes                         213
Income (loss) before equity in earnings of               (16,596)
    joint ventures
Equity in earnings of joint ventures, net of tax             (17)
                                                    ------------
NET INCOME/(LOSS)                                       ($16,613)
                                                     ============

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

OPERATING ACTIVITIES:
Net loss                                                ($16,613)

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

Chapter 11 & related reorganization items, net            (4,575)
Restructuring and asset impairment, net                    6,662
Depreciation                                               9,097
Equity in earnings of joint ventures, net                     17
Change in working capital & other operating items         14,645
                                                    ------------
Net cash provided by (used in) operating                   9,233
    activities:

INVESTING ACTIVITIES:
Cash disbursed for purchase of property,                  (3,325)
plant and equipment
                                                    ------------
Net cash used for investing activities                    (3,325)

FINANCING ACTIVITIES:
Proceeds from non-DIP borrowings                               -
Repayments of non-DIP borrowings                              (1)
Borrowings from DIP credit facility                       69,500
Repayments of borrowings from DIP facility               (71,500)
                                                    ------------
Net cash provided by (used in) financing                  (2,001)
    activities
                                                    ------------
Net change in cash and cash equivalents                    3,907
                                                    ------------
Cash and Cash Equivalents, beginning of period               470
                                                    ------------
Cash and Cash Equivalents, end of period                  $4,377
                                                    ============

Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and    
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo.  Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components.  The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601).  James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts.  Ira S. Dizengoff, Esq., at Akin Gump
Strauss Hauer & Feld LLP, represents the Official Committee of
Unsecured Creditors.  When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts.  (Tower Automotive Bankruptcy News,
Issue No. 52; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


VESTA INSURANCE: Files December 2006 Monthly Operating Report
-------------------------------------------------------------

                    Vesta Insurance Group, Inc.
                         Income Statement
                  Month ending December 31, 2006

Revenue from Total Sales                                      $0
Less:
   Cost of Sales                                               0
                                                    ------------
Gross Profit                                                   0

Less:
   Operating Expenses                                    194,087
                                                    ------------
Net Profit Operations                                   (194,087)

Non-Operating Income (Expenses)                         
   Interest Income                                        20,563
   Refunds                                                 1,682
   Legal Expense                                        (671,982)
                                                    ------------
Net Profit (Loss)                                      ($843,824)
                                                    ============

                    Vesta Insurance Group, Inc.
            Schedule of Cash Receipts and Disbursements
                   Month ending December 31, 2006

Cash On Hand (Beginning)                              $5,417,212

Cash Receipts:
   Accounts Receivable                                         0
   Cash Sales                                                  0
   Loan Proceeds                                               0
   Sale of Property                                            0
   Interest                                               20,563
   Others                                                242,388
                                                    ------------
Total Receipts                                           262,951

Cash Disbursements:
   Financing costs, fees, interest                             0
   Advertising                                                 0
   Automobiles/Vehicles (repair and maintenance)               0
   Bank Fees                                                 439
   Commissions/Contract Labor                                  0
   Insurance Expense                                           0
   Interest Paid                                               0
   Inventory Purchased                                         0
   Legal Fees                                            671,982
   Management Fees                                        39,396
   Trustee Fees                                                0
   Operating Costs related to Bankruptcy                  42,395
   Postage                                                     0
   Rent/Lease Payments on Real Estate                          0
   Repairs and Maintenance                                     0
   Salaries/Wages (portion paid to J.G. Gaines, Inc.)     25,711
   Secured Loan Payments                                       0
   Supplies                                               26,147
   Taxes                                                       0
   Unsecured Loan Payments                                     0
   Utilities                                              60,000
   Others                                                      0
                                                    ------------
Total Disbursements                                      866,069

Surplus or Deficit                                      (603,118)
                                                    ------------
Cash on Hand (End)                                    $4,814,094
                                                    ============

Headquartered in Birmingham, Alabama, Vesta Insurance Group, Inc.
(Other OTC: VTAI.PK) -- http://www.vesta.com/-- is a holding   
company for a group of insurance companies that primarily offer
property insurance in targeted states.

Wyatt R. Haskell, Luther S. Pate, UV, and Costa Brava Partnership
III, L.P., filed an involuntary chapter 7 petition against the
Company on July 18, 2006 (Bankr. N.D. Ala. Case No. 06-02517).
The case was converted to a voluntary chapter 11 case on Aug. 8,
2006 (Bankr. N.D. Ala. Case No. 06-02517).  Eric W. Anderson,
Esq., at Parker Hudson Rainer & Dobbs, LLP, represents the Debtor.
R. Scott Williams, Esq., at Haskell Slaughter Young & Rediker,
LLC, represents the petitioning creditors.  In its schedules of
assets and liabilities, Vesta listed $14,919,938 in total assets
and $214,278,847 in total liabilities.

J. Gordon Gaines, Inc., is a Vesta Insurance-owned unit that
manages the company's numerous insurance subsidiaries and employs
the headquarters workers.  The Company filed for chapter 11
protection on Aug. 7, 2006 (Bankr. N.D. Ala. Case No. 06-02808).
Eric W. Anderson, Esq., at Parker Hudson Rainer & Dobbs, LLP,
represent the Debtor in its restructuring efforts.   In its
schedules of assets and liabilities, Gaines listed $19,818,094 in
total assets and $16,046,237 in total liabilities.

On Aug. 1, 2006, the District Court of Travis County, Texas
entered the Order appointing the Texas Commissioner of Insurance
as Liquidator of Vesta Insurance's Texas-domiciled subsidiaries:
Vesta Fire Insurance Corporation; The Shelby Insurance Company;
Shelby Casualty Insurance Corporation; Texas Select Lloyds
Insurance Company; and Select Insurance Services, Inc.  (Vesta
Bankruptcy News, Issue No. 15; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000).


VESTA INSURANCE: Gaines Files December 2006 Operating Report
------------------------------------------------------------

                      J. Gordon Gaines, Inc.
                         Income Statement
                   Month ending December 31, 2006

Revenue from Total Sales                                $129,643
Less:
   Cost of Sales                                               0
                                                    ------------
Gross Profit                                             129,643

Less:
   Operating Expenses                                    410,536
                                                    ------------
Net Profit Operations                                   (280,893)

Non-Operating Income (Expenses)
   Interest Earned                                         3,818
   State Tax Refunds                                           0
   Non-operational income                                      0
   Sale of Property                                      398,784
                                                    ------------
Net Profit (Loss)                                       $121,709
                                                    ============

                      J. Gordon Gaines, Inc.
            Schedule of Cash Receipts and Disbursements
                   Month ending December 31, 2006

Cash On Hand (Beginning)                              $1,230,566

Cash Receipts:
   Accounts Receivable                                         0
   Management Fees                                       129,643
   Loan Proceeds                                               0
   Sale of Property                                      398,784
   Interest Earned                                         3,818
   State Tax Refunds                                       9,784
   Non-operational Income                                      0
   Funding by Texas Receiver                             464,009
   Funding by Texas Receiver in Transit                        0
   Intercompany insurance operations                           0
                                                    ------------
Total Receipts                                         1,006,038

Cash Disbursements:
   Financing costs, fees, interest                             0
   Accounting Fees (payroll fees)                          2,014
   Advertising                                                 0
   Automobiles/Vehicles (repair and maintenance)               2
   Bank Fees                                                   0
   Commissions/Contract Labor                                  0
   Insurance Expense                                      50,334
   Interest Paid                                           2,040
   Storage Cost                                            7,751
   Information System Cost                               128,661
   Inventory Purchased                                         0
   Legal Fees                                            195,980
   Management Fees                                        67,783
   Trustee Fees                                                0
   Postage                                                     0
   Rent/Lease Payments on Real Estate                     65,335
   Operating Costs related to Bankruptcy                  13,397
   Repairs and Maintenance                                     0
   Salaries/Wages (portion paid to J.G. Gaines, Inc.)    295,753
   Wages paid not by SDR                                  23,557
   Secured Loan Payments                                       0
   Supplies                                                  275
   Travel & Entertainment                                  1,293
   Taxes                                                       0
   Unsecured Loan Payments                                     0
   Utilities                                              99,942
   Others                                                106,486
                                                    ------------
Total Disbursements                                    1,060,603

Surplus or Deficit                                       (54,565)
                                                    ------------
Cash on Hand (End)                                    $1,176,001
                                                    ============

Headquartered in Birmingham, Alabama, Vesta Insurance Group, Inc.
(Other OTC: VTAI.PK) -- http://www.vesta.com/-- is a holding   
company for a group of insurance companies that primarily offer
property insurance in targeted states.

Wyatt R. Haskell, Luther S. Pate, UV, and Costa Brava Partnership
III, L.P., filed an involuntary chapter 7 petition against the
Company on July 18, 2006 (Bankr. N.D. Ala. Case No. 06-02517).
The case was converted to a voluntary chapter 11 case on Aug. 8,
2006 (Bankr. N.D. Ala. Case No. 06-02517).  Eric W. Anderson,
Esq., at Parker Hudson Rainer & Dobbs, LLP, represents the Debtor.
R. Scott Williams, Esq., at Haskell Slaughter Young & Rediker,
LLC, represents the petitioning creditors.  In its schedules of
assets and liabilities, Vesta listed $14,919,938 in total assets
and $214,278,847 in total liabilities.

J. Gordon Gaines, Inc., is a Vesta Insurance-owned unit that
manages the company's numerous insurance subsidiaries and employs
the headquarters workers.  The Company filed for chapter 11
protection on Aug. 7, 2006 (Bankr. N.D. Ala. Case No. 06-02808).
Eric W. Anderson, Esq., at Parker Hudson Rainer & Dobbs, LLP,
represent the Debtor in its restructuring efforts.   In its
schedules of assets and liabilities, Gaines listed $19,818,094 in
total assets and $16,046,237 in total liabilities.

On Aug. 1, 2006, the District Court of Travis County, Texas
entered the Order appointing the Texas Commissioner of Insurance
as Liquidator of Vesta Insurance's Texas-domiciled subsidiaries:
Vesta Fire Insurance Corporation; The Shelby Insurance Company;
Shelby Casualty Insurance Corporation; Texas Select Lloyds
Insurance Company; and Select Insurance Services, Inc.  (Vesta
Bankruptcy News, Issue No. 15; 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.

                             *********

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 2007.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
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herein is obtained from sources believed to be reliable, but is
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The TCR subscription rate is $775 for 6 months delivered via e-
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for the term of the initial subscription or balance thereof are
$25 each.  For subscription information, contact Christopher Beard
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                    *** End of Transmission ***