/raid1/www/Hosts/bankrupt/TCR_Public/070310.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, March 10, 2007, Vol. 11, No. 59

                             Headlines

ADELPHIA COMMS: Files January 2007 Monthly Operating Report
CATHOLIC CHURCH: San Diego Files Schedules of Assets and Debts
CATHOLIC CHURCH: Spokane Files Jan. 2007 Monthly Operating Report
COMPLETE RETREATS: Files January 2007 Monthly Operating Report
COMPLETE RETREATS: Distinctive Files January 2007 Operating Report

COMPLETE RETREATS: Legendary Files January 2007 Operating Report
COMPLETE RETREATS: Preferred Files January 2007 Operating Report
COMPLETE RETREATS: Private Files January 2007 Operating Report
DELPHI CORP: Posts $186 Million Net Loss in January 2007
DELTA AIR: Posts $109 Million Net Loss in January 2007

DURA AUTOMOTIVE: Files Operating Report for Period Ended Jan. 28
FEDERAL-MOGUL: Earns $48.3 Million in January 2007
NORTHWEST AIRLINES: Posts $30 Million Net Loss in December 2006
NORTHWEST AIRLINES: Posts $349 Million Net Loss in January 2007
PACIFIC LUMBER: Files Schedules of Assets and Liabilities

SEA CONTAINERS: Files Updated Operating Report for October 2006
SEA CONTAINERS: Files Updated Operating Report for November 2006
SEA CONTAINERS: Files Updated Operating Report for December 2006
SEA CONTAINERS: Earns $12.1 Million in January 2007
THAXTON GROUP: Posts $86 Million Cumulative Net Loss in Jan. 2007

TOWER AUTOMOTIVE: Posts $18.9 Million Net Loss in January 2007
VESTA INSURANCE: Gaines Files January 2007 Operating Report

                             *********

ADELPHIA COMMS: Files January 2007 Monthly Operating Report
-----------------------------------------------------------

            Adelphia Communications Corporation, et al.
             Consolidated Statement of Net Liabilities
                    In Liquidation (Unaudited)
                     As of January 31, 2007
                     (Dollars in thousands)

                              ASSETS

Cash and cash equivalents                            $8,986,973
Restricted cash                                          24,657
Proceeds from Sale Transaction held in escrow           520,699
TWC Class A Common Stock                              5,475,208
Other assets                                            229,758
                                                    -----------
Total Assets                                        $15,237,295
                                                    ===========

        LIABILITIES AND NET LIABILITIES IN LIQUIDATION

Accounts payable                                         $1,634
Income taxes payable                                    317,775
Accrued liquidation costs                               149,461
Other accrued liabilities                               264,709
Liabilities subject to compromise                    15,729,829
                                                    -----------
Total liabilities                                   $16,463,408
                                                    -----------
Net Liabilities in Liquidation                      ($1,226,113)
                                                    ===========

         Adelphia Communications Corporation, et al.
         Unaudited Consolidated Statement of Changes
              In Net Liabilities In Liquidation
                  Month Ended January 31, 2007
                   (Dollars in thousands)

Net liabilities in liquidation at Dec. 31, 2006     ($1,779,201)

Changes in net liabilities in liquidation:
   Settlement of liabilities subject to compromise      554,115
   Change in estimate of net realizable value of
      assets                                               (959)
   Interest income                                       35,085
   Interest expense to affiliates                         7,399
   Interest expense                                     (42,552)
                                                    -----------
Net change in net liabilities in liquidation            553,088
                                                    -----------
Net liabilities in liquidation                      ($1,226,113)
                                                    ===========

Based in Coudersport, Pennsylvania, Adelphia Communications
Corporation (OTC: ADELQ) -- http://www.adelphia.com/-- is a cable
television company.  Adelphia serves customers in 30 states and
Puerto Rico, and offers analog and digital video services,
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 Debtors in
their restructuring efforts.  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. 166; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


CATHOLIC CHURCH: San Diego Files Schedules of Assets and Debts
---------------------------------------------------------------

A.     Real Property
           Mater Dei Catholic High School             $60,790,222
           Holy Cross Cemetery                         11,376,471
           Pastoral Center                              6,351,798
           Others                                      17,198,091

B.     Personal Property
B.1    Cash on Hand
           Petty Cash                                       6,250
B.2    Bank Accounts
           Pastoral Center Account                      6,132,474
           Holy Cross Cemetery Account                    459,419
           Marian Catholic High School Account          2,444,651
           SDSU Newman Center Account                      22,126
           Vincent Memorial High School Account           212,863
           UCSD Newman Center Account                      54,334
B.3    Security Deposits                                       0
B.4    Household Goods                                   unknown
B.5    Books, artwork & collectibles                     unknown
B.6    Wearing apparel                                         0
B.7    Furs and jewelry                                  unknown
B.8    Firearms and sporting goods                       unknown
B.9    Interests in insurance policies                         0
B.10   Annuities                                               0
B.11   Interests in education IRA                              0
B.12   Interests in retirement plans                           0
B.13   Stock and Interests
           Large Cap Value Equity Fund                  9,867,614
           Mid Cap Growth Domestic Equity Fund         10,634,305
B.14   Interests in joint ventures                             0

B.15   Government & corporate bonds
           Domestic Income - Intermediate               4,750,138
           Domestic Income - Short                      6,767,899
           US Government Obligations                    5,214,659
B.16   Accounts receivable
           Pastoral Center                              2,703,812
           Marian Catholic High School                  2,399,463
           Vincent Memorial High School                   575,068
           Holy Cross Cemetery                          4,545,524
B.17   Alimony                                                 0
B.18   Other liquidated debts owed                             0
B.19   Equitable and future interests                          0
B.20   Contingent interests                                3,698
B.21   Other contingent & unliquidated claims                  0
B.22   Patents, copyrights & trademarks                        0
B.23   Licenses & franchises                                   0
B.24   Other intangibles                                       0
B.25   Automobiles                                       unknown
B.26   Boats                                                   0
B.27   Aircraft                                                0
B.28   Office equipment and supplies                     unknown
B.29   Machinery, furniture and fixtures                 unknown
B.30   Inventory                                         unknown
B.31   Animals                                                 0
B.32   Crops                                                   0
B.33   Farming equipment                                       0
B.34   Farm supplies                                           0
B.35   Other personal property                                 0

        TOTAL SCHEDULED ASSETS                       $152,510,888
                                                    =============

C.     Property Claimed as Exempt                 Not Applicable

D.     Secured Claims
           ALSAM Foundation                           $35,920,100
           Union Bank of California                     4,323,204

E.     Unsecured Priority Claims
           Wages, salaries and commissions              1,405,960
           Contributions to Employee Benefit Plans          5,205
           Taxes and Other Debts owed to
            Governmental Units                              5,054

F.     Unsecured Non-Priority Claims
           Allied Irish Bank                           28,400,000
           Allied Irish Bank                              227,589
           Bank of America                                unknown
           Outstanding Checks                           1,613,073
           Payables and other creditors                   898,536

        TOTAL SCHEDULED LIABILITIES                   $72,754,092
                                                     ============

Roman Catholic Diocese of San Diego in California --
http://www.diocese-sdiego.org/-- employs approximately    
3,000 people in various areas of work.  The Diocese filed for
Chapter 11 protection just before commencement of the first of
court proceedings for 140 sexual abuse lawsuits filed against the
Diocese.  Authorities of the San Diego Diocese said they were not
in favor of litigating their cases.

The San Diego Diocese filed for chapter 11 protection on Feb. 27,
2007 (Bankr. S.D. Calif. Case No. 07-00939).  Gerald P. Kennedy,
Esq., at Procopio, Cory, Hargreaves and Savitch LLP, represents
the Diocese.  In its schedules of assets and liabilities, the
Diocese listed total assets of $152,510,888 and total liabilities
of $72,754,092.  The Diocese's exclusive period to file a chapter
11 plan of reorganization expires on June 27, 2007.  (Catholic
Church Bankruptcy News, Issue No. 82; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


CATHOLIC CHURCH: Spokane Files Jan. 2007 Monthly Operating Report
-----------------------------------------------------------------

                   Catholic Diocese of Spokane
                          Balance Sheet
                      As of January 31, 2007

ASSETS
    Total Cash Accounts                                $2,322,507
    Total Transfer Account                             (6,487,990)
    Total Investments                                     104,420
    Total Property                                              -
    Total Loans Receivable                                      -
    Total Interfund Loan Receivable                             -
    Total Accounts Receivable                              90,192
    Total Land and Buildings & Equipment                   67,569
    Total Prepaid Expenses                                  2,309
                                                   --------------
Total Assets                                          ($3,900,991)
                                                   ==============

LIABILITIES AND NET ASSETS

Liabilities
    Total Deposits Payable                             $4,241,911
    Total Interest Payable                                      -
    Total Accounts Payable                                  3,594

Total Long-term Liabilities                             9,269,297

Net Assets
    Total Unrestricted - Fund Balance                 (18,963,409)
    Total Unrestricted Net Assets                     (18,963,409)
    T.R. - Guse Grant Funds                               417,749
    T.R. - Bishop's School Grants Funds                    72,410
    T.R. - Bishop's Discretionary Funds                    65,681
    Total Replacement Fund                              1,547,615
    Total Diocesan D&L Funding                                  -
    Total Guatemala Funds                                       -
    Temporarily Restricted                                      -
                                                   --------------
Total liabilities & net assets                        ($3,900,991)
                                                   ==============

                   Catholic Diocese of Spokane
                  Income and Expense Statement
             For the month ending January 31, 2007

Total Income                                          $2,085,621
Total Expenses                                           255,326
                                                   --------------
Net Excess or Deficit                                ($1,830,295)
                                                   ==============

The Diocese of Spokane's Statement of Cash Receipts and
Disbursements for January 2007 shows ending balance of
$2,289,503.  Cash receipts for the period total $2,122,071, while
disbursements total $120,744.

A full-text copy of the Diocese's January 2007 operating report
is available for free at http://researcharchives.com/t/s?1afa

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

The Diocese of Spokane, the Tort Claimants Committee, the Future
Claims Representative, and the Executive Committee of the
Association of Parishes delivered an Amended Plan of
Reorganization, and a Disclosure Statement describing that Plan to
the Court on Feb. 1, 2007. (Catholic Church Bankruptcy News,
Issue No. 83; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: Files January 2007 Monthly Operating Report
--------------------------------------------------------------

                      Complete Retreats, LLC
                          Balance Sheet
                      As of January 31, 2007

                              ASSETS

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

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

Property, Plant & Equipment                            $528,774
Less: Accumulated Depreciation/Depletion               (127,342)
                                                 --------------
Net Property, Plant & Equipment                         401,432

Due from Insiders                                             -
Other Assets - Net of Amortization                            -
Other                                                 4,072,562
                                                 --------------
Total Assets                                         $4,473,994
                                                 ==============

                   LIABILITIES & OWNERS' EQUITY

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

Prepetition Liabilities
   Secured Debt                                               -
   Priority Debt                                              -
   Unsecured Debt                                             -
   Other                                               $349,494
                                                 --------------
Total Prepetition Liabilities                           349,494
                                                 --------------
Total Liabilities                                       349,494

Equity
   Prepetition Owners' Equity                         4,124,500
   Postpetition Cumulative Profit or Loss                     -
   Cash funded from UR LLC in excess of P&L losses            -
                                                 --------------
Total Equity                                          4,124,500
                                                 --------------
Total Liabilities & Owners' Equity                   $4,473,994
                                                 ==============

                      Complete Retreats, LLC
                     Statement of Operations
                      January 1 to 31, 2007

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

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

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

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

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

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  

Complete Retreats and its debtor-affiliates filed for chapter 11
protection on July 23, 2006 (Bankr. D. Conn. Case No. 06-50245).  
Nicholas H. Mancuso, Esq. and Jeffrey K. Daman, Esq. at Dechert
LLP represent the Debtors in their restructuring efforts.  Michael
J. Reilly, Esq., at Bingham McCutchen LP, in Hartford,
Connecticut, serves as counsel to the Official Committee of
Unsecured Creditors.  No estimated assets have been listed in the
Debtors' schedules, however, the Debtors disclosed $308,000,000 in
total debts.  (Complete Retreats Bankruptcy News, Issue No. 22;
Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/   
or 215/945-7000).

As reported in the Troubled Company Reporter on Feb. 19, 2007, the
Court further extended the Debtors' exclusive periods to file a
plan of reorganization through and including April 19, 2007, and
solicit votes on that plan through and including June 18, 2007.


COMPLETE RETREATS: Distinctive Files January 2007 Operating Report
------------------------------------------------------------------

                    Distinctive Retreats, LLC
                          Balance Sheet
                      As of January 31, 2007

                              ASSETS

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

Accounts Receivable (Net)                                     -
Inventory                                               $50,831
Notes Receivable                                        448,000
Prepaid Expenses                                        198,555
Other                                                         -
                                                 --------------
Total Current Assets                                    697,386

Property, Plant & Equipment                         104,613,316
Less: Accumulated Depreciation/Depletion             (3,367,588)
                                                 --------------
Net Property, Plant & Equipment                     101,245,727

Due from Insiders                                             -
Other Assets - Net of Amortization                      485,000
Other                                               117,056,272
                                                 --------------
Total Assets                                       $219,484,386
                                                 ==============

                   LIABILITIES & OWNERS' EQUITY

Postpetition Liabilities
   Accounts Payable                                     $18,860
   Taxes Payable                                              -
   Notes Payable                                              -
   Professional Fees                                          -
   Secured Debt                                               -
   Other                                             35,837,299
                                                 --------------
Total Postpetition Liabilities                       35,856,159

Prepetition Liabilities
   Secured Debt                                         452,027
   Priority Debt                                              -
   Unsecured Debt                                    30,714,233
   Other                                             18,555,836
                                                 --------------
Total Prepetition Liabilities                        49,722,095
                                                 --------------
Total Liabilities                                    85,578,254

Equity
   Prepetition Owners' Equity                       133,882,810
   Postpetition Cumulative Profit or Loss                23,322
   Cash funded from UR LLC in excess of P&L losses            -
                                                 --------------
Total Equity                                        133,906,132
                                                 --------------
Total Liabilities & Owners' Equity                 $219,484,386
                                                 ==============

                    Distinctive Retreats, LLC
                     Statement of Operations
                      January 1 to 31, 2007

Revenues
   Gross Revenues                                        $1,477
   Less: Returns & Discounts                                  -
                                                 --------------
Net Revenue                                               1,477

Cost of Goods Sold
   Material                                                   -
   Direct Labor                                               -
   Direct Overhead                                            -
                                                 --------------
Total Cost of Goods Sold                                      -
                                                 --------------
Gross Profit                                              1,477

Operating Expenses
   Officer/Insider Compensation                               -
   Selling & Marketing                                        -
   General Administration                                     -
   Rent & Lease                                               -
   Other                                                (97,000)
                                                 --------------
Total Operating Expenses                                (97,000)
                                                 --------------
Income Before Non-Operating Income & Expenses            98,477

Other Income & Expenses
   Non-operating Income                                       -
   Non-operating Expense                                      -
   Interest Expense                                           -
   Depreciation/Depletion                                76,595
   Amortization                                               -
   Other                                                112,640
                                                 --------------
Net Other Income & Expenses                             189,235

Reorganization Expenses
   Professional Fees                                          -
   U.S. Trustee Fees                                          -
   Other                                                      -
                                                 --------------
Total Reorganization Expenses                                 -
                                                 --------------
Income Tax                                                    -
                                                 --------------
Net Profit (Loss)                                      ($90,758)
                                                 ==============

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  

Complete Retreats and its debtor-affiliates filed for chapter 11
protection on July 23, 2006 (Bankr. D. Conn. Case No. 06-50245).  
Nicholas H. Mancuso, Esq. and Jeffrey K. Daman, Esq. at Dechert
LLP represent the Debtors in their restructuring efforts.  Michael
J. Reilly, Esq., at Bingham McCutchen LP, in Hartford,
Connecticut, serves as counsel to the Official Committee of
Unsecured Creditors.  No estimated assets have been listed in the
Debtors' schedules, however, the Debtors disclosed $308,000,000 in
total debts.  (Complete Retreats Bankruptcy News, Issue No. 22;
Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/   
or 215/945-7000).

As reported in the Troubled Company Reporter on Feb. 19, 2007, the
Court further extended the Debtors' exclusive periods to file a
plan of reorganization through and including April 19, 2007, and
solicit votes on that plan through and including June 18, 2007.


COMPLETE RETREATS: Legendary Files January 2007 Operating Report
----------------------------------------------------------------

                     Legendary Retreats, LLC
                          Balance Sheet
                      As of January 31, 2007

                              ASSETS

Unrestricted Cash                                        $8,375
Restricted Cash                                               -
                                                 --------------
Total Cash                                                8,375

Accounts Receivable (Net)                                     -
Inventory                                                     -
Notes Receivable                                      1,610,000
Prepaid Expenses                                         74,299
Other                                                   110,000
                                                 --------------
Total Current Assets                                  1,794,299

Property, Plant & Equipment                              26,936
Less: Accumulated Depreciation/Depletion                      -
                                                 --------------
Net Property, Plant & Equipment                          26,936

Due from Insiders                                             -
Other Assets - Net of Amortization                            -
Other                                                17,928,726
                                                 --------------
Total Assets                                        $19,758,335
                                                 ==============

                   LIABILITIES & OWNERS' EQUITY

Postpetition Liabilities
   Accounts Payable                                    ($36,485)
   Taxes Payable                                              -
   Notes Payable                                         11,366
   Professional Fees                                          -
   Secured Debt                                               -
   Other                                                      -
                                                 --------------
Total Postpetition Liabilities                          (25,120)

Prepetition Liabilities
   Secured Debt                                               -
   Priority Debt                                              -
   Unsecured Debt                                       523,447
   Other                                              4,025,000
                                                 --------------
Total Prepetition Liabilities                         4,548,447
                                                 --------------
Total Liabilities                                     4,523,327

Equity
   Prepetition Owners' Equity                        15,300,377
   Postpetition Cumulative Profit or Loss               (65,368)
   Cash funded from UR LLC in excess of P&L losses            -
                                                 --------------
Total Equity                                         15,235,008
                                                 --------------
Total Liabilities & Owners' Equity                  $19,758,335
                                                 ==============

                     Legendary Retreats, LLC
                     Statement of Operations
                      January 1 to 31, 2007

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

Cost of Goods Sold
   Material                                             $16,620
   Direct Labor                                               -
   Direct Overhead                                        3,609
                                                 --------------
Total Cost of Goods Sold                                 20,229
                                                 --------------
Gross Profit                                            (20,229)

Operating Expenses
   Officer/Insider Compensation                               -
   Selling & Marketing                                        -
   General Administration                                   (43)
   Rent & Lease                                               -
   Other                                                      -
                                                 --------------
Total Operating Expenses                                    (43)
                                                 --------------
Income Before Non-Operating Income & Expenses           (20,185)

Other Income & Expenses
   Non-operating Income                                       -
   Non-operating Expense                                      -
   Interest Expense                                           -
   Depreciation/Depletion                                     -
   Amortization                                               -
   Other                                                  2,759
                                                 --------------
Net Other Income & Expenses                               2,759

Reorganization Expenses
   Professional Fees                                          -
   U.S. Trustee Fees                                          -
   Other                                                      -
                                                 --------------
Total Reorganization Expenses                                 -
                                                 --------------
Income Tax                                                    -
                                                 --------------
Net Profit (Loss)                                      ($22,944)
                                                 ==============

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  

Complete Retreats and its debtor-affiliates filed for chapter 11
protection on July 23, 2006 (Bankr. D. Conn. Case No. 06-50245).  
Nicholas H. Mancuso, Esq. and Jeffrey K. Daman, Esq. at Dechert
LLP represent the Debtors in their restructuring efforts.  Michael
J. Reilly, Esq., at Bingham McCutchen LP, in Hartford,
Connecticut, serves as counsel to the Official Committee of
Unsecured Creditors.  No estimated assets have been listed in the
Debtors' schedules, however, the Debtors disclosed $308,000,000 in
total debts.  (Complete Retreats Bankruptcy News, Issue No. 22;
Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/   
or 215/945-7000).

As reported in the Troubled Company Reporter on Feb. 19, 2007, the
Court further extended the Debtors' exclusive periods to file a
plan of reorganization through and including April 19, 2007, and
solicit votes on that plan through and including June 18, 2007.


COMPLETE RETREATS: Preferred Files January 2007 Operating Report
----------------------------------------------------------------

                     Preferred Retreats, LLC
                          Balance Sheet
                      As of January 31, 2007

                              ASSETS

Unrestricted Cash                                      $528,648
Restricted Cash                                         326,532
                                                 --------------
Total Cash                                              855,180

Accounts Receivable (Net)                               758,568
Inventory                                             2,088,520
Notes Receivable                                        142,704
Prepaid Expenses                                      3,090,971
Other                                                 1,074,919
                                                 --------------
Total Current Assets                                  7,155,681

Property, Plant & Equipment                           9,080,124
Less: Accumulated Depreciation/Depletion             (3,272,273)
                                                 --------------
Net Property, Plant & Equipment                       5,807,850

Due from Insiders                                     2,222,111
Other Assets - Net of Amortization                        1,555
Other                                               102,806,722
                                                 --------------
Total Assets                                       $118,849,099
                                                 ==============

                   LIABILITIES & OWNERS' EQUITY

Postpetition Liabilities
   Accounts Payable                                 $10,416,360
   Taxes Payable                                              -
   Notes Payable                                     76,853,087
   Professional Fees                                          -
   Secured Debt                                               -
   Other                                              8,668,152
                                                 --------------
Total Postpetition Liabilities                       95,937,599

Prepetition Liabilities
   Secured Debt                                          43,411
   Priority Debt                                              -
   Unsecured Debt                                    13,002,050
   Other                                            126,701,861
                                                 --------------
Total Prepetition Liabilities                       139,747,323
                                                 --------------
Total Liabilities                                   235,684,922

Equity
   Prepetition Owners' Equity                       (90,524,986)
   Postpetition Cumulative Profit or Loss           (30,310,837)
   Cash funded from UR LLC in excess of P&L losses    4,000,000
                                                 --------------
Total Equity                                       (116,835,823)
                                                 --------------
Total Liabilities & Owners' Equity                 $118,849,099
                                                 ==============

                     Preferred Retreats, LLC
                     Statement of Operations
                      January 1 to 31, 2007

Revenues
   Gross Revenues                                       $89,119
   Less: Returns & Discounts                                  -
                                                 --------------
Net Revenue                                              89,119

Cost of Goods Sold
   Material                                              38,400
   Direct Labor                                               -
   Direct Overhead                                       70,459
                                                 --------------
Total Cost of Goods Sold                                108,859
                                                 --------------
Gross Profit                                            (19,740)

Operating Expenses
   Officer/Insider Compensation                               -
   Selling & Marketing                                   36,301
   General Administration                               254,417
   Rent & Lease                                           1,636
   Other                                               (104,215)
                                                 --------------
Total Operating Expenses                                188,139
                                                 --------------
Income Before Non-Operating Income & Expenses          (207,879)

Other Income & Expenses
   Non-operating Income                                       -
   Non-operating Expense                                  2,598
   Interest Expense                                         241
   Depreciation/Depletion                                57,536
   Amortization                                               -
   Other                                               (242,008)
                                                 --------------
Net Other Income & Expenses                            (181,632)

Reorganization Expenses
   Professional Fees                                  3,936,238
   U.S. Trustee Fees                                          -
   Other                                                  3,700
                                                 --------------
Total Reorganization Expenses                         3,939,938
                                                 --------------
Income Tax                                                    -
                                                 --------------
Net Profit (Loss)                                   ($3,966,185)
                                                 ==============

                     Preferred Retreats, LLC
           Consolidated Cash Receipts and Disbursements
                      January 1 to 31, 2007

Cash - Beginning of Month                            $1,334,394

Receipts from Operations
   Cash Sales                                           717,028

Collection of Accounts Receivable
   Prepetition                                                -
   Postpetition                                               -
                                                 --------------
Total Operating Receipts                                717,028

Non-operating Receipts
   Loans & Advances                                   4,525,377
   Sale of Assets                                     2,422,190
   Other                                                847,742
                                                 --------------
Total Non-operating Receipts                          7,795,308
                                                 --------------
Total Receipts                                        8,512,337
                                                 --------------
Total Cash Available                                  9,846,730

Operating Disbursements
   Gross Payroll                                      1,253,380
   Payroll Taxes Paid                                         -
   Sales, Use & Other Taxes Paid                         25,020
   Secured/Rental/Leases                                661,529
   Utilities                                             61,020
   Insurance                                             84,839
   Mortgages                                                  -
   Interest                                             937,777
   Employee Expenses                                     16,540
   House Keeping & Contract Labor                        54,113
   Repairs & Maintenance                                 44,931
   Field Expenses                                       170,490
   International Destination Expenses                   149,236
   HOA                                                   20,521
   Other                                                146,831
                                                 --------------
Total Operating Disbursements                         3,626,228

Reorganization Expenses
   Professional Fees                                          -
   U.S. Trustee Fees                                          -
   Other                                              2,414,190
                                                 --------------
Total Reorganization Expenses                         2,414,190
                                                 --------------
Total Disbursements                                   6,040,418
                                                 --------------
Net Cash Flow                                         2,471,919
                                                 --------------
Cash - End of Month                                  $3,806,312
                                                 ==============

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  

Complete Retreats and its debtor-affiliates filed for chapter 11
protection on July 23, 2006 (Bankr. D. Conn. Case No. 06-50245).  
Nicholas H. Mancuso, Esq. and Jeffrey K. Daman, Esq. at Dechert
LLP represent the Debtors in their restructuring efforts.  Michael
J. Reilly, Esq., at Bingham McCutchen LP, in Hartford,
Connecticut, serves as counsel to the Official Committee of
Unsecured Creditors.  No estimated assets have been listed in the
Debtors' schedules, however, the Debtors disclosed $308,000,000 in
total debts.  (Complete Retreats Bankruptcy News, Issue No. 22;
Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/   
or 215/945-7000).

As reported in the Troubled Company Reporter on Feb. 19, 2007, the
Court further extended the Debtors' exclusive periods to file a
plan of reorganization through and including April 19, 2007, and
solicit votes on that plan through and including June 18, 2007.


COMPLETE RETREATS: Private Files January 2007 Operating Report
--------------------------------------------------------------

                      Private Retreats, LLC
                          Balance Sheet
                      As of January 31, 2007

                              ASSETS

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

Accounts Receivable (Net)                                     -
Inventory                                                71,916
Notes Receivable                                        565,356
Prepaid Expenses                                              -
Other                                                         -
                                                 --------------
Total Current Assets                                    637,273

Property, Plant & Equipment                          53,171,439
Less: Accumulated Depreciation/Depletion             (5,624,592)
                                                 --------------
Net Property, Plant & Equipment                      47,546,847

Due from Insiders                                             -
Other Assets - Net of Amortization                    1,152,200
Other                                                19,059,986
                                                 --------------
Total Assets                                        $68,397,984
                                                 ==============

                   LIABILITIES & OWNERS' EQUITY

Postpetition Liabilities
   Accounts Payable                                           -
   Taxes Payable                                              -
   Notes Payable                                              -
   Professional Fees                                          -
   Secured Debt                                               -
   Other                                            $30,646,634
                                                 --------------
Total Postpetition Liabilities                       30,646,634

Prepetition Liabilities
   Secured Debt                                         186,738
   Priority Debt                                              -
   Unsecured Debt                                     5,447,416
   Other                                             13,680,502
                                                 --------------
Total Prepetition Liabilities                        19,314,655
                                                 --------------
Total Liabilities                                    49,961,289

Equity
   Prepetition Owners' Equity                        19,317,217
   Postpetition Cumulative Profit or Loss              (880,521)
   Cash funded from UR LLC in excess of P&L losses            -
                                                 --------------
Total Equity                                         18,436,695
                                                 --------------
Total Liabilities & Owners' Equity                  $68,397,984
                                                 ==============

                      Private Retreats, LLC
                     Statement of Operations
                      January 1 to 31, 2007

Revenues
   Gross Revenues                                          $319
   Less: Returns & Discounts                                  -
                                                 --------------
Net Revenue                                                 319

Cost of Goods Sold
   Material                                                   -
   Direct Labor                                               -
   Direct Overhead                                            -
                                                 --------------
Total Cost of Goods Sold                                      -
                                                 --------------
Gross Profit                                                319

Operating Expenses
   Officer/Insider Compensation                               -
   Selling & Marketing                                        -
   General Administration                                     -
   Rent & Lease                                               -
   Other                                                      -
                                                 --------------
Total Operating Expenses                                      -
                                                 --------------
Income Before Non-Operating Income & Expenses               319

Other Income & Expenses
   Non-operating Income                                       -
   Non-operating Expense                                      -
   Interest Expense                                           -
   Depreciation/Depletion                               136,693
   Amortization                                               -
   Other                                                      -
                                                 --------------
Net Other Income & Expenses                             136,693

Reorganization Expenses
   Professional Fees                                          -
   U.S. Trustee Fees                                          -
   Other                                                      -
                                                 --------------
Total Reorganization Expenses                                 -
                                                 --------------
Income Tax                                                    -
                                                 --------------
Net Profit (Loss)                                     ($136,374)
                                                 ==============

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  

Complete Retreats and its debtor-affiliates filed for chapter 11
protection on July 23, 2006 (Bankr. D. Conn. Case No. 06-50245).  
Nicholas H. Mancuso, Esq. and Jeffrey K. Daman, Esq. at Dechert
LLP represent the Debtors in their restructuring efforts.  Michael
J. Reilly, Esq., at Bingham McCutchen LP, in Hartford,
Connecticut, serves as counsel to the Official Committee of
Unsecured Creditors.  No estimated assets have been listed in the
Debtors' schedules, however, the Debtors disclosed $308,000,000 in
total debts.  (Complete Retreats Bankruptcy News, Issue No. 22;
Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/   
or 215/945-7000).

As reported in the Troubled Company Reporter on Feb. 19, 2007, the
Court further extended the Debtors' exclusive periods to file a
plan of reorganization through and including April 19, 2007, and
solicit votes on that plan through and including June 18, 2007.


DELPHI CORP: Posts $186 Million Net Loss in January 2007
--------------------------------------------------------

                    Delphi Corporation, et al.
               Unaudited Consolidated Balance Sheet
                      As of January 31, 2007
                          (In Millions)

                              ASSETS

Current assets:
   Cash and cash equivalents                               $193
   Restricted cash                                          107
   Accounts receivable, net
      General Motors and affiliates                       1,296
      Other third parties                                 1,210
      Non-Debtor subsidiaries                               333
   Notes receivable from non-Debtor subsidiaries            345
   Inventories, net
      Productive material, work-in-process and supplies     922
      Finished goods                                        287
   Prepaid expenses and other                               237
                                                       --------
      TOTAL CURRENT ASSETS                                4,930

Long-term assets:
   Property, net                                          2,204
   Investment in affiliates                                 366
   Investments in non-Debtor subsidiaries                 3,303
   Goodwill                                                 152
   Other intangible assets                                   35
   Other                                                    346
                                                       --------
TOTAL ASSETS                                            $11,336
                                                       ========

              LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities not subject to compromise:
   Debtor-in-possession financing                        $2,742
   Accounts payable                                       1,212
   Accounts payable to non-Debtor subsidiaries              486
   Accrued liabilities                                      972
                                                       --------
   TOTAL CURRENT LIABILITIES                              5,412

Long-term liabilities not subject to compromise:
   Employee benefit plan obligations and other              733
                                                       --------
   TOTAL LONG-TERM LIABILITIES                              733

Liabilities subject to compromise                        17,519
                                                       --------
   TOTAL LIABILITIES                                     23,664

Stockholders' deficit:
   Common stock                                               6
   Additional paid-in capital                             2,771
   Accumulated deficit                                  (12,079)
   Accumulated other comprehensive loss                  (2,974)
   Treasury stock, at cost (3.2 million shares)             (52)
                                                       --------
   TOTAL STOCKHOLDERS' DEFICIT                          (12,328)
                                                       --------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT             $11,336
                                                       ========

                    Delphi Corporation, et al.
          Unaudited Consolidated Statement of Operations
                   Month Ended January 31, 2007
                          (In Millions)

Net sales:
   General Motors and affiliates                           $707
   Other customers                                          491
   Intercompany non-Debtor subsidiaries                      77
                                                       --------
Total net sales                                           1,275
                                                       --------
Operating expenses:
   Cost of sales                                          1,355
   Selling, general and administrative                       82
   Depreciation and amortization                             51
                                                       --------
Total operating expenses                                  1,488
                                                       --------
Operating loss                                             (213)

Interest expense                                            (29)
Other expense, net                                           (1)

Reorganization items                                         (9)
Income tax benefit (expense)                                  -
Equity income from non-consolidated subsidiaries              5
Equity income from non-Debtor subsidiaries, net of tax       61
                                                       --------
NET LOSS                                                  ($186)
                                                       ========

                    Delphi Corporation, et al.
          Unaudited Consolidated Statement of Cash Flows
                   Month Ended January 31, 2007
                           (In Millions)

Cash flows from operating activities:
   Net loss                                               ($186)
   Adjustments to reconcile net loss
    to net cash provided by operating activities:
    Depreciation and amortization                            51
    Pension and other postretirement benefit expenses        97
    Equity loss from unconsolidated subsidiaries, net        (5)
    Equity loss from non-Debtor subsidiaries, net of tax    (61)
    Reorganization items                                      9
   Changes in operating assets and liabilities:
    Accounts receivable, net                                 12
    Inventories, net                                         (8)
    Prepaid expenses and other                               (4)
    Accounts payable, accrued and other long-term debts     135
    U.S. employee special attrition program                (114)
    Pension contributions                                   (50)
    Other postretirement benefit payments                   (26)
    Receipts (payments) for reorganization items, net         1
    Other                                                   (18)
                                                       --------
Net cash used in operating activities                      (167)

Cash flows from investing activities:
   Capital expenditures                                     (12)
   Proceeds from sale of property                             1
   Other                                                      4
                                                       --------
Net cash used in investing activities                        (7)

Cash flows from financing activities:
   Proceeds from DIP facility, net                        2,739
   Repayments of debt securities                         (2,746)
   Repayments of borrowings under other debt                 (2)
                                                       --------
Net cash used in financing activities                        (9)
                                                       --------
Decrease in cash and cash equivalents                      (183)
Cash and cash equivalents at beginning of period            376
                                                       --------
Cash and cash equivalents at end of period                 $193
                                                       ========

Troy, Mich.-based Delphi Corporation (OTC: DPHIQ) --
http://www.delphi.com/-- is the single largest global supplier of
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology.  The Company's
technology and products are present in more than 75 million
vehicles on the road worldwide.  The Company filed for chapter 11
protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-44481).  John Wm. Butler Jr., Esq., John K. Lyons, Esq., and
Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
represent the Debtors in their restructuring efforts.  Robert J.
Rosenberg, Esq., Mitchell A. Seider, Esq., and Mark A. Broude,
Esq., at Latham & Watkins LLP, represents the Official Committee
of Unsecured Creditors.  As of Aug. 31, 2005, the Debtors' balance
sheet showed $17,098,734,530 in total assets and $22,166,280,476
in total debts.  (Delphi Corporation Bankruptcy News,
Issue No. 60; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


DELTA AIR: Posts $109 Million Net Loss in January 2007
------------------------------------------------------

                      DELTA AIR LINES, INC.
            Unaudited Consolidated Balance Sheets
                     As of January 31, 2007

                             ASSETS

CURRENT ASSETS:
Cash and cash equivalents                        $2,146,000,000
Short-term investments                              470,000,000
Restricted cash                                     885,000,000
Accounts receivable, net of an allowance for
   uncollectible accounts of $21                  1,007,000,000
Expendable parts and supplies inventories, net
   of an allowance for obsolescence of $162         180,000,000
Deferred income taxes, net                          400,000,000
Prepaid expenses and other                          533,000,000
                                                ---------------
Total current assets                              5,621,000,000

PROPERTY AND EQUIPMENT:
Flight equipment                                 17,675,000,000
Accumulated depreciation                         (6,858,000,000)
                                                ---------------
Flight equipment, net                            10,817,000,000

Ground property and equipment                     4,581,000,000
Accumulated depreciation                         (2,864,000,000)
                                                ---------------
Ground property and equipment, net                1,717,000,000

Flight and ground equipment
   under capital leases                             473,000,000
Accumulated amortization                           (141,000,000)
                                                ---------------
Flight and ground equipment
   under capital leases, net                        332,000,000
                                                ---------------

Advance payments for equipment                       71,000,000
                                               ---------------
Total property and equipment, net                12,937,000,000

OTHER ASSETS:
Goodwill                                            227,000,000
Operating rights and other intangibles,
   net of accumulated amortization of $191           89,000,000
Other noncurrent assets                             873,000,000
                                                ---------------
Total other assets                                1,189,000,000
                                                ---------------
Total assets                                    $19,747,000,000
                                                ===============

             LIABILITIES AND SHAREOWNERS' DEFICIT

CURRENT LIABILITIES:
Current maturities of long-term debt
   and capital leases                            $1,829,000,000
Accounts payable                                   $952,000,000
Air traffic liability                             2,072,000,000
Taxes payable                                       556,000,000
Deferred revenue                                    371,000,000
Accrued salaries and related benefits               408,000,000
Other accrued liabilities                           266,000,000
                                                ---------------
Total current liabilities                         6,454,000,000

NONCURRENT LIABILITIES:
Long-term debt and capital leases                 6,029,000,000
Deferred income taxes, net                          406,000,000
Deferred revenue and other credits                  348,000,000
Other                                               366,000,000
                                                ---------------
Total noncurrent liabilities                      7,149,000,000

LIABILITIES SUBJECT TO COMPROMISE                19,828,000,000

COMMITMENTS AND CONTINGENCIES

SHAREOWNERS' DEFICIT:
Common stock:
$0.01 par value; 900,000,000 shares
   authorized; 202,081,648 shares issued              2,000,000
Additional paid-in capital                        1,561,000,000
Accumulated deficit                             (14,523,000,000)
Accumulated other comprehensive loss               (500,000,000)
Treasury stock at cost, 4,745,710 shares           (224,000,000)
                                                ---------------
Total shareowners' deficit                      (13,684,000,000)
                                                ---------------
Total liabilities and shareowners' deficit      $19,747,000,000
                                                ===============

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

OPERATING REVENUES:
Passenger:
   Mainline                                        $877,000,000
   Regional affiliates                              287,000,000
Cargo                                                35,000,000
Other, net                                           98,000,000
                                                ---------------
Total operating revenues                          1,297,000,000

OPERATING EXPENSES:
Aircraft fuel                                       317,000,000
Salaries and related costs                          306,000,000
Contract carrier arrangements                       238,000,000
Depreciation and amortization                        98,000,000
Contracted services                                  98,000,000
Passenger commissions and
   other selling expenses                            70,000,000
Aircraft maintenance materials and
   outside repairs                                   70,000,000
Landing fees and other rents                         63,000,000
Aircraft rent                                        25,000,000
Passenger service                                    24,000,000
Restructuring, asset writedowns, pension
   settlements and related items, net                 1,000,000
Other                                                52,000,000
                                                ---------------
Total operating expenses                          1,362,000,000
                                                ---------------
OPERATING INCOME                                    (65,000,000)
                                                ---------------
OTHER INCOME (EXPENSE):
Interest expense (contractual interest
   expense equals $95,000,000 for the month ended
   January 31, 2006)                                (68,000,000)
Interest income                                       5,000,000
Miscellaneous, net                                   13,000,000
                                                ---------------
Total other expense, net                            (50,000,000)
                                                ---------------
LOSS BEFORE REORGANIZATION ITEMS, NET              (115,000,000)

REORGANIZATION ITEMS, NET                             6,000,000
                                                ---------------
LOSS BEFORE INCOME TAXES                           (109,000,000)

INCOME TAX BENEFIT                                           --
                                                ---------------
NET LOSS                                          ($109,000,000)
                                                ===============

                      DELTA AIR LINES, INC.
    Unaudited Condensed Consolidated Statement of Cash Flows
               For the Month ended January 31, 2006

NET CASH USED BY OPERATING ACTIVITIES              $275,000,000

CASH FLOWS FROM INVESTING ACTIVITIES:
Property and equipment additions:
   Flight equipment, including
      advance payments                              (53,000,000)
   Ground property and equipment                    (12,000,000)
Proceeds from sale of flight equipment                3,000,000
Other, net                                           11,000,000
                                                ---------------
Net cash provided by investing activities           (51,000,000)

CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on long-term debt and
   capital lease obligations                       (112,000,000)
                                                ---------------
Net cash used by financing activities              (112,000,000)
                                                ---------------
Net decrease in cash and cash equivalents           112,000,000

Cash & cash equivalents at beginning of period    2,034,000,000
                                                ---------------
Cash & cash equivalents at end of period         $2,146,000,000
                                                ===============

Delta Air Lines filed its Monthly Operating Report for
January 2007 with the U.S. Bankruptcy Court for the Southern
District of New York.  Key points include:

     * Delta's January 2007 net loss was $109 million.  Excluding
       reorganization items, the January 2007 net loss was
       $115 million.

     * As of Jan. 31, 2007, Delta had $2.6 billion of
       unrestricted cash, cash equivalents and short-term
       investments.

Delta reported a net loss of $109 million in the month of
January 2007, compared to a net loss of $300 million in
January 2006.  Delta's net loss before reorganization items was
$115 million for January 2007, a $98 million improvement versus
the prior year period.  Delta's operating loss of $65 million, an
$81 million improvement over January 2006, includes a $15 million
negative impact of fuel hedges for the month.  As of
Jan. 31, 2007, Delta had $3.6 billion of cash, cash equivalents
and short-term investments, of which $2.6 billion was
unrestricted.

                    Restructuring Progress

Delta remains on course to emerge from Chapter 11 in Spring
2007, having made significant progress in transforming the
airline into a strong and vibrant competitor.  Evidence of the
company's progress in January's performance:

     * Delta's consolidated passenger unit revenue (PRASM)
       increased 3.7% for January 2007 compared to January 2006.
       Delta's length of haul adjusted PRASM increased 6.1% for
       January 2007 versus January 2006, as compared to the
       industry (excluding Delta) average PRASM increase of 1.7%
       over the same period.

     * Delta's operating expenses remained essentially flat
       despite a capacity increase of 2.9%, resulting in a 2.7%
       reduction in consolidated unit costs (CASM) in January
       2007 compared to January 2006.  Mainline non-fuel CASM was
       7.19 cents for the month, a 7.1% improvement year over           
       year.

"The year-over-year improvement in our results continues to
reflect the progress we are making in transforming our business,"
said Edward H. Bastian, Delta's executive vice president and
chief financial officer.  "January's results were in line with
our plan, for what is typically Delta's slowest travel month.  We
remain on track to emerge from bankruptcy as a strong, healthy
and independent global carrier this spring."

                Important Financial Disclosure

Current holders of Delta's equity will not receive any
distributions under Delta's proposed Plan of Reorganization.  
These equity interests would be cancelled upon the effectiveness
of the proposed Plan of Reorganization, which the company
believes will be shortly after the confirmation hearing scheduled
on April 25, 2007.  Accordingly, we urge that caution be
exercised with respect to existing and future investments in
Delta's equity securities and any of Delta's liabilities and
other securities.

Headquartered in Atlanta, Georgia, Delta Air Lines
-- http://www.delta.com/-- is the world's second-largest airline         
in terms of passengers carried and the leading U.S. carrier across
the Atlantic, offering daily flights to 502 destinations in 88
countries on Delta, Song, Delta Shuttle, the Delta Connection
carriers and its worldwide partners.  The Company and 18
affiliates filed for chapter 11 protection on Sept. 14, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-17923).  Marshall S. Huebner,
Esq., at Davis Polk & Wardwell, represents the Debtors in their
restructuring efforts.  Timothy R. Coleman at The Blackstone Group
L.P. provides the Debtors with financial advice.  Daniel H.
Golden, Esq., and Lisa G. Beckerman, Esq., at Akin Gump Strauss
Hauer & Feld LLP, provide the Official Committee of Unsecured
Creditors with legal advice.  John McKenna, Jr., at Houlihan Lokey
Howard & Zukin Capital and James S. Feltman at Mesirow Financial
Consulting, LLC, serve as the Committee's financial advisors.  As
of June 30, 2005, the Company's balance sheet showed $21.5 billion
in assets and $28.5 billion in liabilities.  (Delta Air Lines
Bankruptcy News, Issue No. 64; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)

                         Plan Update

The Debtors filed a chapter 11 plan of reorganization and
disclosure statement explaining that plan on Dec. 19, 2007.  
On Jan 19, 2007, they filed revisions to the plan and disclosure
statement, and submitted further revisions to the plan on Feb. 2,
2007.  On Feb. 7, 2007, the Court approved the adequacy of the
Debtors' disclosure statement.  The hearing to consider
confirmation the Debtors' plan is scheduled on April 25, 2007.


DURA AUTOMOTIVE: Files Operating Report for Period Ended Jan. 28
----------------------------------------------------------------

         Dura Automotive Systems, Inc., and Subsidiaries
         Condensed Unaudited Consolidated Balance Sheet
                     As of January 28, 2007
                      (Dollars in thousands)

                              ASSETS

Current assets:
   Cash and cash equivalents                            $24,238
   Accounts receivable, net
      Trade                                             131,287
      Other                                              17,969
      Non-Debtor subsidiaries                            19,351
   Inventories                                           82,513
   Other current assets                                  40,349
                                                     ----------
      Total current assets                              315,707
                                                     ----------

Property, plant and equipment, net                      177,214
Goodwill, net                                           249,927
Notes receivable from Non-Debtors subsidiaries          180,462
Investment in Non-Debtors subsidiaries                  790,647
Other noncurrent assets                                  26,996
                                                     ----------
Total Assets                                         $1,740,953
                                                     ==========

        LIABILITIES AND NET LIABILITIES IN LIQUIDATION

Current liabilities:
   Debtors-in-possession financing                     $165,000
   Accounts payable                                      33,904
   Accounts payable to Non-Debtors subsidiaries             811
   Accrued Liabilities                                   89,547
                                                     ----------
      Total current liabilities                         289,262
                                                     ----------
Long-term Liabilities:
   Notes Payable to Non-Debtors subsidiaries              8,429
   Other noncurrent liabilities                          80,862
Liabilities Subject to Compromise                     1,304,545
                                                     ----------
Total Liabilities                                     1,683,098

Stockholders' Investment                                 57,855
                                                     ----------
Total Liabilities and Stockholders' Investment       $1,740,953
                                                     ==========

        Dura Automotive Systems, Inc., and Subsidiaries
   Condensed Unaudited Consolidated Statement of Operations
          For the Four Weeks Ended January 28, 2007
                      (Dollars in thousands)

Total sales                                             $72,138
Cost of sales                                            72,563
                                                     ----------
Gross (loss) profit                                        (425)

Selling, general and administrative expenses              6,190
Facility consolidation, asset impairment
   and other charges                                        144
Amortization expense                                         34
                                                     ----------
Operating (loss) income                                  (6,793)

Interest expense, net                                     3,078
                                                     ----------
Loss before reorganization items and income taxes        (9,871)

Reorganization items                                      4,819
                                                     ----------
Loss before income taxes                                (14,690)

Provision for income taxes                                   17
                                                     ----------
Net Loss                                               ($14,707)
                                                     ==========

        Dura Automotive Systems, Inc., and Subsidiaries
   Condensed Unaudited Consolidated Statements of Cash Flows
          For the Four Weeks Ended January 28, 2007
                      (Dollars in thousands)

Operating Activities:
Net loss                                               ($14,707)
Adjustments to reconcile net loss to net cash used
   in operations activities:
      Depreciation, amortization & asset impairments      2,770
      Amortization of deferred financing fees               644
      Bad debts                                             (50)
      Unrealized foreign currency exchange rate lo         (771)
      Reorganization items                                4,819
Changes in other operating items:
   Accounts receivable                                   12,737
   Inventories                                           (2,737)
   Other current assets                                   2,331
   Noncurrent assets                                         49
   Accounts payable                                       1,814
   Accrued liabilities                                    8,608
   Noncurrent liabilities                                   (20)
   Current intercompany transactions                     (2,185)
                                                     ----------
Net cash (used in) provided by operating activities      13,302

Investing Activities:
Purchases of property, plant & equipment                   (823)
                                                     ----------
Net cash (used in) provided by investing activities        (823)

Financing Activities:
Payments on insurance premium installment financing      (1,029)
Debt issuance costs                                         (90)
                                                     ----------
Net cash used in financing activities                    (1,119)

Net increase (Decrease) in Cash & Equivalents            11,360

Cash & Cash Equivalent, Beginning Balance                12,878
                                                     ----------
Cash & Cash Equivalent, Ending Balance                  $24,238
                                                     ==========

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 Oct. 30, 2006 (Bankr.
D. 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.
15; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


FEDERAL-MOGUL: Earns $48.3 Million in January 2007
--------------------------------------------------

                Federal-Mogul Global, Inc., et al.
                     Unaudited Balance Sheet
                      As of January 31, 2007
                          (In millions)

                              Assets

Cash and equivalents                                      $42.8
Accounts receivable                                       550.3
Inventories                                               438.4
Deferred taxes                                            191.3
Prepaid expenses and other current assets                  94.9
                                                       --------
Total current assets                                    1,317.7

Summary of Unpaid Postpetition Debits                     (34.1)
Intercompany Loans Receivable (Payable)                 1,449.7
                                                       --------
Intercompany Balances                                   1,415.6

Property, plant and equipment                             819.3
Goodwill                                                  967.0
Other intangible assets                                   345.0
Insurance recoverable                                     859.9
Other non-current assets                                  485.8
                                                       --------
Total Assets                                           $6,210.3
                                                       ========

               Liabilities and Shareholders' Equity

Short-term debt                                          $358.5
Accounts payable                                          221.0
Accrued compensation                                       83.5
Restructuring and rationalization reserves                 22.1
Current portion of asbestos liability                         -
Interest payable                                            4.5
Other accrued liabilities                                 231.9
                                                       --------
Total current liabilities                                 921.6

Long-term debt                                                -
Post-employment benefits                                  752.5
Other accrued liabilities                                 522.9
Liabilities subject to compromise                       5,808.4

Shareholders' equity:
   Preferred stock                                      1,050.6
   Common stock                                           658.1
   Additional paid-in capital                           7,986.0
   Accumulated deficit                                (11,410.9)
   Accumulated other comprehensive income                 (78.9)
   Other                                                      -
                                                       --------
Total Shareholders' Equity                             (1,795.1)
                                                       --------
Total Liabilities and Shareholders' Equity             $6,210.3
                                                       ========

                Federal-Mogul Global, Inc., et al.
                Unaudited Statement of Operations
               For the Month Ended January 31, 2007
                          (In millions)

Net sales                                                $253.7
Cost of products sold                                     212.7
                                                       --------
Gross margin                                               41.0

Selling, general & administrative expenses                (44.1)
Amortization                                               (1.1)
Reorganization items                                       86.1
Interest expense, net                                     (45.4)
Other expense, net                                         11.5
                                                       --------
Earnings before Income Taxes                               47.9

Income Tax (Expense) Benefit                                0.4
                                                       --------
Earnings before cumulative effect of change
   in acctg. Principle                                     48.3
                                                       --------
Net Earnings (loss)                                       $48.3
                                                       ========

                Federal-Mogul Global, Inc., et al.
                Unaudited Statement of Cash Flows
               For the month ended January 31, 2007
                          (In millions)

Cash Provided From (Used By) Operating Activities:
   Net earning (loss)                                     $48.3
Adjustments to reconcile net earnings (loss) to net cash:
   Depreciation and amortization                           12.6
   Adjustment of assets held for sale and
      other long-lived assets to fair value                   -
   Asbestos charge                                            -
   Summary of unpaid postpetition debits                      -
   Cumulative effect of change in acctg. Principle            -
   Change in post-employment benefits                     (16.5)
   Decrease (increase) in accounts receivable              (6.9)
   Decrease (increase) in inventories                     (18.0)
   Increase (decrease) in accounts payable                 19.8
   Change in other assets & other liabilities             (25.8)
   Change in restructuring charge                             -
   Refunds (payments) against asbestos liability              -
                                                       --------
Net Cash Provided From Operating Activities                13.4

Cash Provided From (Used By) Investing Activities:
   Expenditures for property, plant & equipment            (6.0)
   Proceeds from sale of property, plant & equipment          -
   Proceeds from sale of businesses                           -
   Business acquisitions, net of cash acquired                -
   Other                                                      -
                                                       --------
Net Cash Provided From (Used By) Investing Activities      (6.0)

Cash Provided From (Used By) Financing Activities:
   Increase (decrease) in debt                            (15.5)
   Sale of accounts receivable under securitization           -
   Dividends                                                  -
   Other                                                    0.1
                                                       --------
Net Cash Provided From Financing Activities               (15.4)

Increase (Decrease) in Cash and Equivalents                (8.0)

Cash and equivalents at beginning of period                50.8
                                                       --------
Cash and equivalents at end of period                     $42.8
                                                       ========

Headquartered in Southfield, Michigan, Federal-Mogul Corporation
-- http://www.federal-mogul.com/-- is an automotive parts company
with worldwide revenue of some $6 billion.  The Company filed for
chapter 11 protection on Oct. 1, 2001 (Bankr. Del. Case No.
01-10582).  Lawrence J. Nyhan Esq., James F. Conlan Esq., and
Kevin T. Lantry Esq., at Sidley Austin Brown & Wood, and Laura
Davis Jones Esq., at Pachulski, Stang, Ziehl, Young, Jones &
Weintraub, P.C., represent the Debtors in their restructuring
efforts.  When the Debtors filed for protection from their
creditors, they listed $10.15 billion in assets and $8.86 billion
in liabilities.  Federal-Mogul Corp.'s U.K. affiliate, Turner &
Newall, is based at Dudley Hill, Bradford. Peter D. Wolfson, Esq.,
at Sonnenschein Nath & Rosenthal; and Charlene D. Davis, Esq.,
Ashley B. Stitzer, Esq., and Eric M. Sutty, Esq., at The Bayard
Firm represent the Official Committee of Unsecured Creditors.

On March 7, 2003, the Debtors filed their Joint Chapter 11 Plan.  
They submitted a Disclosure Statement explaining that plan on
April 21, 2003.  They submitted several amendments and on June 6,
2004, the Bankruptcy Court approved the Third Amended Disclosure
Statement for their Third Amended Plan.  On July 28, 2004, the
District Court approved the Disclosure Statement.  The estimation
hearing began on June 14, 2005.  They then submitted a Fourth
Amended Plan and Disclosure Statement on Nov. 21, 2006, and the
Bankruptcy Court approved that Disclosure Statement on Feb. 6,
2007.  The confirmation hearing is set for May 8, 2007.  (Federal-
Mogul Bankruptcy News, Issue No. 130; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000).


NORTHWEST AIRLINES: Posts $30 Million Net Loss in December 2006
---------------------------------------------------------------

                  Northwest Airlines Corporation
         Unaudited Condensed Consolidated Balance Sheet
                     As of December 31, 2006

ASSETS

Current assets:
    Cash and cash equivalents                     $1,461,000,000
    Unrestricted short-term investments              597,000,000
    Restricted cash, cash equivalents &
       short-term investments                        424,000,000
    Accounts receivable, net                         638,000,000
    Flight equipment spare parts, net                104,000,000
    Prepaid expenses & other                         342,000,000
                                                 ---------------
Total current assets                               3,566,000,000

Property and equipment:
    Flight equipment, net                          7,609,000,000
    Other property & equipment, net                  571,000,000
                                                 ---------------
Total property & equipment                         8,180,000,000

Flight Equipment under capital leases, net            12,000,000

Other assets:
    International routes                             634,000,000
    Investments in affiliated companies               42,000,000
    Other                                            781,000,000
                                                 ---------------
Total other assets                                 1,457,000,000
                                                 ---------------
Total assets                                    $13,215,000,000
                                                 ===============

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
    Air traffic liability                         $1,557,000,000
    Accounts payable & other liabilities           1,441,000,000
    Current maturities of long-term debt
       & capital lease obligations                   213,000,000
                                                 ---------------
Total current liabilities                          3,211,000,000

Long-term debt                                     3,899,000,000

Deferred Credits & other liabilities:
    Long-term pension & postretirement
       Health care benefits                           86,000,000
    Other                                            161,000,000
                                                 ---------------
Total deferred credits & other liabilities           247,000,000

Liabilities Subject to Compromise                 13,572,000,000

Preferred redeemable stock subject to Compromise     277,000,000

Common Stockholders' Equity (Deficit)
    Common stock                                       1,000,000
    Additional paid-in capital                     1,505,000,000
    Accumulated deficit                           (7,384,000,000)
    Accumulated other comprehensive
       income (loss)                              (1,100,000,000)
    Treasury stock                                (1,013,000,000)
                                                 ---------------
Total common stockholders' equity (deficit)       (7,991,000,000)
                                                 ---------------
Total Liabilities &
    Stockholders' Equity (deficit)               $13,215,000,000
                                                 ===============

                 Northwest Airlines Corporation
    Unaudited Condensed Consolidated Statement of Operations
                For Month Ended December 31, 2006

Operating Revenues
    Passenger                                       $729,000,000
    Regional carrier revenues                         90,000,000
    Cargo                                             71,000,000
    Other                                             77,000,000
                                                 ---------------
    Total Operating Revenues                         967,000,000

Operating Expenses
    Aircraft fuel and taxes                          275,000,000
    Salaries, wages, and benefits                    209,000,000
    Selling and marketing                             63,000,000
    Aircraft maintenance materials and repair         81,000,000
    Other rentals and landing fees                    33,000,000
    Depreciation and amortization                     46,000,000
    Aircraft rentals                                  17,000,000
    Regional carrier expenses                        103,000,000
    Other                                            149,000,000
    Other unusual items                                1,000,000
                                                 ---------------
    Total Operating Expenses                         977,000,000

Operating Income (Loss)                              (10,000,000)

Other Income (Expense)
    Interest expense, net                            (45,000,000)
    Investment income                                 11,000,000
    Reorganization items, net                        (24,000,000)
    Other, net                                         3,000,000
                                                 ---------------
    Total other income (expense)                     (55,000,000)
                                                 ---------------
Income (Loss) Before Income Taxes                    (65,000,000)

    Income tax expense (benefit)                     (35,000,000)
                                                 ---------------
Net Income (Loss)                                   ($30,000,000)
                                                 ===============

                 Northwest Airlines Corporation
     Unaudited Condensed Consolidated Statement of Cash Flows
                For Month Ended December 31, 2006

Cash Flows from Operating Activities:
    Net income (loss)                               ($30,000,000)
    Adjustments to reconcile net loss to net
       cash provided by (used in)
       operating activities:
       Depreciation and amortization                  46,000,000
       Pension and other postretirement benefit
          contributions less than expense              9,000,000
       Changes in certain assets & liabilities       (67,000,000)
       Long-term vendor deposits/holdbacks            20,000,000
       Reorganization items                           24,000,000
       Other, net                                    (37,000,000)
                                                 ---------------
Net cash used in operating activities                (35,000,000)

Cash Flows from Reorganization Activities:
    Net cash provided by (used in)
       reorganization activities                       1,000,000

Cash Flows from Investing Activities:
    Capital expenditures                            (159,000,000)
    Proceeds from sales of short term investment      (8,000,000)
    Decrease (increase) in restricted
       cash, cash equivalents &
       short-term investments                        (24,000,000)
    Other, net                                         1,000,000
                                                 ---------------
Net cash provided by (used in) investing
    activities                                      (190,000,000)

Cash Flows from Financing Activities:
    Proceeds from long-term debt                     779,000,000
    Payments of long-term debt and capital
       lease obligations                            (771,000,000)
    Other, net                                       (16,000,000)
                                                 ---------------
Net cash provided by (used in)
    financing activities                              (8,000,000)
                                                 ---------------
Increase (Decrease) in Cash and
    Cash Equivalents                                (232,000,000)

Cash & cash equivalents at beginning of period    1,693,000,000
                                                 ---------------
Cash & cash equivalents at end of period         $1,461,000,000
                                                 ===============

Northwest Airlines Corp. (OTC: NWACQ) -- http://www.nwa.com/  
-- is the world's fourth largest airline with hubs at Detroit,
Minneapolis/St. Paul, Memphis, Tokyo and Amsterdam, and
approximately 1,400 daily departures.  Northwest is a member of
SkyTeam, an airline alliance that offers customers one of the
world's most extensive global networks.  Northwest and its travel
partners serve more than 900 cities in excess of 160 countries on
six continents.  The Company and 12 affiliates filed for chapter
11 protection on Sept. 14, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-17930).  Bruce R. Zirinsky, Esq., and Gregory M. Petrick, Esq.,
at Cadwalader, Wickersham & Taft LLP in New York, and Mark C.
Ellenberg, Esq., at Cadwalader, Wickersham & Taft LLP in
Washington represent the Debtors in their restructuring efforts.
The Official Committee of Unsecured Creditors has retained Akin
Gump Strauss Hauer & Feld LLP as its bankruptcy counsel in the
Debtors' chapter 11 cases.  When the Debtors filed for protection
from their creditors, they listed $14.4 billion in total assets
and $17.9 billion in total debts.  On Feb. 15, 2007, the Debtors
filed an Amended Plan & Disclosure Statement.  The hearing to
consider the adequacy of the Disclosure Statement has been
scheduled for March 26, 2007.  (Northwest Airlines Bankruptcy
News, Issue No. 59; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


NORTHWEST AIRLINES: Posts $349 Million Net Loss in January 2007
---------------------------------------------------------------

                  Northwest Airlines Corporation
         Unaudited Condensed Consolidated Balance Sheet
                      As of January 31, 2007

ASSETS

Current assets:
    Cash and cash equivalents                     $1,622,000,000
    Unrestricted short-term investments              614,000,000
    Restricted cash, cash equivalents &
       short-term investments                        512,000,000
    Accounts receivable, net                         619,000,000
    Flight equipment spare parts, net                103,000,000
    Prepaid expenses & other                         346,000,000
                                                 ---------------
Total current assets                               3,816,000,000

Property and equipment:
    Flight equipment, net                          7,694,000,000
    Other property & equipment, net                  566,000,000
                                                 ---------------
Total property & equipment                         8,260,000,000

Flight Equipment under capital leases, net            12,000,000

Other assets:
    International routes                             634,000,000
    Investments in affiliated companies               41,000,000
    Other                                            683,000,000
                                                 ---------------
Total other assets                                 1,358,000,000
                                                 ---------------
Total assets                                     $13,446,000,000
                                                 ===============

LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)

Current liabilities:
    Air traffic liability                         $1,720,000,000
    Accounts payable & other liabilities           1,511,000,000
    Current maturities of long-term debt
       & capital lease obligations                   211,000,000
                                                 ---------------
Total current liabilities                          3,442,000,000

Long-term debt                                     3,954,000,000

Deferred Credits & other liabilities:
    Long-term pension & postretirement
       health care benefits                           86,000,000
    Other                                            161,000,000
                                                 ---------------
Total deferred credits & other liabilities           247,000,000

Liabilities Subject to Compromise                 13,866,000,000

Preferred redeemable stock subject to Compromise     275,000,000

Common Stockholders' Equity (Deficit)
    Common stock                                       1,000,000
    Additional paid-in capital                     1,506,000,000
    Accumulated deficit                           (7,732,000,000)
    Accumulated other comprehensive
       income (loss)                              (1,100,000,000)
    Treasury stock                                (1,013,000,000)
                                                 ---------------
Total common stockholders' equity (deficit)       (8,338,000,000)
                                                 ---------------
Total Liabilities &
    Stockholders' Equity (deficit)               $13,446,000,000
                                                 ===============

                  Northwest Airlines Corporation
    Unaudited Condensed Consolidated Statement of Operations
                 For Month Ended January 31, 2007

Operating Revenues
    Passenger                                       $692,000,000
    Regional carrier revenues                         87,000,000
    Cargo                                             60,000,000
    Other                                             53,000,000
                                                 ---------------
    Total Operating Revenues                         892,000,000

Operating Expenses
    Aircraft fuel and taxes                          265,000,000
    Salaries, wages, and benefits                    202,000,000
    Aircraft maintenance materials and repair         62,000,000
    Selling and marketing                             57,000,000
    Other rentals and landing fees                    47,000,000
    Depreciation and amortization                     39,000,000
    Aircraft rentals                                  32,000,000
    Regional carrier expenses                         71,000,000
    Other                                            139,000,000
                                                 ---------------
    Total Operating Expenses                         914,000,000

Operating Income (Loss)                              (22,000,000)

Other Income (Expense)
    Interest expense, net                            (45,000,000)
    Investment income                                  9,000,000
    Reorganization items, net                       (291,000,000)
    Other, net                                                 -
                                                 ---------------
    Total other income (expense)                    (327,000,000)
                                                 ---------------
Income (Loss) Before Income Taxes                   (349,000,000)

    Income tax expense (benefit)                              -
                                                 ---------------
Net Income (Loss)                                  ($349,000,000)
                                                 ===============

                  Northwest Airlines Corporation
     Unaudited Condensed Consolidated Statement of Cash Flows
                 For Month Ended January 31, 2007

Cash Flows from Operating Activities:
    Net income (loss)                              ($349,000,000)
    Adjustments to reconcile net loss to net
       cash provided by (used in)
       operating activities:
       Depreciation and amortization                  39,000,000
       Pension and other postretirement benefit
          contributions less than expense             (2,000,000)
       Changes in certain assets & liabilities       227,000,000
       Long-term vendor deposits/holdbacks            86,000,000
       Reorganization items                          291,000,000
       Other, net                                      3,000,000
                                                 ---------------
Net cash provided by operating activities            295,000,000

Cash Flows from Reorganization Activities:
    Net cash provided by (used in)
       reorganization activities                       6,000,000

Cash Flows from Investing Activities:
    Capital expenditures                              (5,000,000)
    Proceeds from sales of short term investment     (15,000,000)
    Decrease (increase) in restricted
       cash, cash equivalents &
       short-term investments                        (88,000,000)
    Other, net                                         1,000,000
                                                 ---------------
Net cash provided by (used in) investing
    activities                                      (107,000,000)

Cash Flows from Financing Activities:
    Proceeds from long-term debt                               -
    Payments of long-term debt and capital
       lease obligations                             (33,000,000)
    Other, net                                                 -
                                                 ---------------
Net cash provided by (used in)
    financing activities                             (33,000,000)
                                                 ---------------
Increase (Decrease) in Cash and
    Cash Equivalents                                 161,000,000

Cash & cash equivalents at beginning of period     1,461,000,000
                                                 ---------------
Cash & cash equivalents at end of period          $1,622,000,000
                                                 ===============

Northwest Airlines Corp. (OTC: NWACQ) -- http://www.nwa.com/  
-- is the world's fourth largest airline with hubs at Detroit,
Minneapolis/St. Paul, Memphis, Tokyo and Amsterdam, and
approximately 1,400 daily departures.  Northwest is a member of
SkyTeam, an airline alliance that offers customers one of the
world's most extensive global networks.  Northwest and its travel
partners serve more than 900 cities in excess of 160 countries on
six continents.  The Company and 12 affiliates filed for chapter
11 protection on Sept. 14, 2005 (Bankr. S.D.N.Y. Lead Case No.
05-17930).  Bruce R. Zirinsky, Esq., and Gregory M. Petrick, Esq.,
at Cadwalader, Wickersham & Taft LLP in New York, and Mark C.
Ellenberg, Esq., at Cadwalader, Wickersham & Taft LLP in
Washington represent the Debtors in their restructuring efforts.
The Official Committee of Unsecured Creditors has retained Akin
Gump Strauss Hauer & Feld LLP as its bankruptcy counsel in the
Debtors' chapter 11 cases.  When the Debtors filed for protection
from their creditors, they listed $14.4 billion in total assets
and $17.9 billion in total debts.  On Feb. 15, 2007, the Debtors
filed an Amended Plan & Disclosure Statement.  The hearing to
consider the adequacy of the Disclosure Statement has been
scheduled for March 26, 2007.  (Northwest Airlines Bankruptcy
News, Issue No. 59; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


PACIFIC LUMBER: Files Schedules of Assets and Liabilities
---------------------------------------------------------

A.     Real Estate
          270 Single Family Residences              $65,000,000
          Mill B Complex                             25,000,000
          Bio-Mass Co-Generation Power Plant         21,300,000
          Fortuna Mill Site                          10,000,000
          Scotia Center                               4,900,000
          Mill A Complex                              4,850,000
          Co-Gen Turbine Building                     3,600,000
          Scotia Inn Boutique Hotel                   3,500,000
          Carlotta Mill Site                          3,500,000
          Headquarters                                3,400,000
          Schools                                     2,250,000
          Recreation Facility                         1,750,000
          Vacant land                                 1,250,000
          Scotia Lumber Mill
             Planer                                   6,270,000
             Dry Kiln                                 5,500,000
             Stern Merchandising Sys.                 5,040,000
             Small Log Trim/Sort                      4,010,000
             Small Log Line Primary                   3,860,000
             Waste System Components                  3,120,000
             Large Log Side                           2,350,000
             Gang System                              2,300,000
             Lineal Scan Edgar System                 1,560,000
             Horizontal Resaw System                    700,000
             Miscellaneous Equipment                    670,000
             Line Manual Grade                          370,000
          Sewage Treatment Garage Shop                  800,000
          PALCO Offices                                 700,000
          Medical Center                                700,000
          Scotia Garage                                 600,000
          Fire Department                               600,000
          Museum                                        500,000
          Scotia Union Church                           400,000
          PO Complex                                    400,000
          Day Care Center                               200,000
          St. Patrick's RC Church                       150,000
          President's Home                              Unknown

B.     Personal Property
B.1    Cash on Hand / Petty Cash                          1,500
B.2    Financial Accounts
          Bank of California - Collection Lock Box      512,655
          Bank of California - Accounts Payables        436,440
B.3    Security Deposits
          PGE Deposits                                  125,109
B.9    Interests in Insurance Policies
          Unamortized Insurance Premium                 978,864
B.13   Stocks and Interests
          Baywood Country Club                              513
B.14   Interest in Joint Ventures
          Co-op Investment in Cal Ammonia                16,000
B.16   Accounts/Trade/Note Receivable
          Lumber                                      2,743,539
          Logs                                        1,826,116
          I/C Scopac                                  1,027,641
          Rounds Logging                                452,908
          Wills Logging                                 428,489
          Sale of Equipment                             414,364
          Educational Media                             385,953
          Pacific Coast Trading                         196,592
          Lewis Logging                                 175,098
          Railroad Track 72K                            117,101
          Railroad Track 61K                             90,193
          By-Products                                    71,583
          Imperial Capital - refund                      62,500
          I/C Scotia Inn                                 30,544
          Computers                                       7,992
B.22   Patents
          Intangibles                                    49,419
B.25   Automobiles                                      817,841
B.28   Office Equipment and Supplies
          Misc. Small Machinery                         790,000
B.29   Machinery, Fixtures & Supplies
          Planer Mill                                 1,230,000
          Small Log Merchandising 1                     990,000
          Small Log Merchandising 2                     760,000
          Planer Mill Equipment                         610,000
          Large Log Side                                460,000
          Curve-Sawing Gang System                      450,000
          Lineal Scan Edger System                      310,000
          Waste System Components                       140,000
          Dry Kilns                                     130,000
          Dry Kilns                                      80,000
          Manual Grade Edger System                      70,000
B.30   Inventory
          Scotia Sawmill Log Deck                    28,780,438
          Scotia Lumber Inventory                    17,792,182
B.35   Other Personal Property
          Logging Advances to HTC                        43,119
          State Comptroller of Texas                      3,000
          Self-Insurance Plans                           37,716
          Strong Creek subdivision                       24,120
          BofA Hold-back                                100,000

       TOTAL SCHEDULED ASSETS                      $254,869,540
                                                  =============

D.     Creditors Holding Secured Claims
          County of Humboldt                           $400,347
          LaSalle Business Credit LLC                13,158,103
          Marathon Structured Finance Fund LP        26,842,300
          Marathon Structured Finance Fund LP        87,254,829

E.     Creditors Holding Unsecured Claims
          R.L. McCutchen                                 62,816
          Kathy Wigginton                                46,612
          Ronny Bush                                     42,438
          Healthtrans LLC                                38,500
          John C Morrison                                37,640
          Michael Fuller                                 32,685
          Henry Long                                     29,365
          Loran Graham                                   29,237
          Dennis E. Wood                                 27,818
          Self-Insurance Plans                           27,497
          Joseph J Moore                                 27,383
          Gary Brown                                     26,466
          Kenneth Sanders                                26,346
          Emil Sarlund                                   25,808
          Jesus Torres                                   25,130
          Jackie Allen                                   24,662
          Gerald Finley                                  24,656
          Paul Belli                                     23,363
          George O'Brien                                 22,860
          James E Griffith                               21,564
          Dale K. Smith                                  21,357
          Harmon Hebert                                  21,232
          Oscar Fregoso                                  19,613
          Donald R. Mederios                             19,402
          Michael Campbell                               18,403
          Michael Bushnell                               17,584
          Rex Perkes                                     17,380
          Virgil Hall                                    17,319
          Paulette Houseworth                            17,146
          Leora Owens                                    17,122
          Paul Newmaker                                  17,109
          Kenneth Thornton                               16,807
          Kevin Paldino                                  16,394
          Dario Primofiore                               15,961
          Martin Sanchez                                 15,371
          Metropolitan Life Insurance Co.                14,979
          Frank R. Wilson                                14,759
          Gary Clark                                     14,673
          Steven Deike                                   14,566
          Steven Wigginton                               13,986
          Frank S. Bacik                                 13,403
          Timothy Whitchurch                             13,141
          National Benefit Resources                     13,016
          Donald L. Bryant                               12,946
          Richard Robbins                                12,826
          Eugene R. Ross                                 12,773
          Brian P Connors                                12,436
          Robert Vogt                                    11,185
          Paul Shaner                                    11,129
          Robert Girsback                                11,092
          Carlos Urbins                                  10,329
          Gary Ogden                                     10,032
          Jackie Curteman                                10,010
          Reed Spiers                                     9,986
          Rodney Benson                                   9,824
          Rodney Sanderson                                9,710
          Ronald Eldridge                                 9,710
          Dennis Clark                                    9,682
          Humboldt-Del No                                 9,536
          Dan McLaughlin                                  9,340
          John Broadstock                                 8,923
          Ademar Freitas                                  8,807
          Randall Andersen                                8,803
          Samuel Bartlett                                 8,801
          Demos Barcelos                                  8,584
          Richard Walsh                                   8,496
          James Barsanti                                  8,269
          Armando Ramirez                                 8,235
          Robert Moore                                    8,202
          Paul Sheppard                                   8,193
          Stanley Johnson                                 8,191
          Tracy Elgin                                     8,181
          Dennis Betts                                    8,083
          Gerardo Herrera                                 8,078
          Daniel Bartlett                                 7,630
          Gary Rush                                       7,597
          Steven Burgh                                    7,511
          Jesus Martinez                                  7,505
          Joe Colina                                      7,362
          Todd Hilligross                                 7,147
          Glen Johnson                                    7,025
          Others                                        987,265

F.     Creditors Holding Unsecured Non-Priority Claims
          Maxxam Group Inc.                          39,080,375
          PALCO Retirement Plan                       9,002,573
          PALCO Employees                             6,427,626
          Britt Lumber Company                        2,199,814
          Scotia Pacific Company LLC                  1,834,400
          Maxxam Inc.                                   694,282
          John Campbell                                 494,345
          Robert Manne                                  350,679
          Gordon Dewberry                               349,203
          Scotia Development Corp., LLC                 310,729
          Stonegate International                       302,078
          Steve Wills Trucking                          299,072
          Redcoast Forest Services Inc.                 217,672
          Jeff Duncan                                   212,517
          SHN Consulting Engineers                      167,971
          Rodney Hunter                                 164,038
          Darrold Criswell                              158,202
          Columbia Helico                               148,613
          Salmon Creek                                  139,653
          Thomas Fraser, Jr.                            135,017
          William Thurston                              134,687
          Morrison & Foerster                           133,536
          Donald Woods                                  127,311
          Leonardo Logging Inc.                         123,149
          Rounds Logging Inc.                           119,544
          A. Stockman                                   115,786
          Northwest Forestry & Marine Inc.              114,210
          Lewis Logging                                 114,080
          Dwight Jennings                               107,449
          Pacific Coast Trading Inc.                    104,441
          Jerry Delay                                   104,433
          Duane Lewis                                    98,547
          Darron Dunlap                                  97,552
          Allied Barton Security SVCS LP                 95,758
          Charles Phillips                               94,133
          Richard Currier                                92,456
          Charles Eilers                                 92,175
          Irwin Petrey                                   89,594
          Timothy Marks                                  87,377
          Chris Perreira                                 84,987
          Hastings' Smith River Tree Nursery             84,810
          Shusters Transp                                82,069
          Richard Currier                                81,854
          Dean Martin                                    78,535
          Howard Holcomb                                 77,464
          Key Equipment f                                73,618
          Lonnie Manning                                 72,969
          Porter Novelli Inc.                            72,652
          Jeff King Contr                                72,346
          Jimmy Daetwiler                                72,028
          Kenneth Rose                                   71,321
          James Card Jr.                                 69,173
          Harvey Willet                                  68,276
          Thomas Strader                                 66,437
          Pacific Watershed Associates                   64,861
          Jeffrey Farley                                 64,298
          Walter Tucker                                  63,635
          Richard Ingraham                               60,152
          George Head                                    58,434
          Charley McDaniel                               57,386
          Michael Mahn                                   56,637
          Arthur Petrey                                  56,470
          Peterson Tractor Co.                           55,838
          Source One                                     54,167
          Darrol Raven                                   54,098
          Leonardo Logging                               54,026
          Norberto Garcia                                53,903
          North Coast Fabricators                        52,680
          Jesus Munoz                                    52,383
          Steve Baker                                    52,025
          Peter Austrus                                  50,621
          John Sutsch                                    50,388
          Union Pacific Dist Services                    49,231
          David Hayes                                    49,119
          Robert McCutchen                               47,067
          California Redwood Asso.                       45,905
          Wilbur Freeman                                 45,668
          Farwest Steel C                                45,195
          Brent Davis                                    43,308
          Granite Construction Co.                       42,970
          Steve Wills Trucking                           42,211
          Renner Petroleu                                42,150
          Anthony Wallace                                41,784
          Ivan Marca                                     41,663
          Wendall Bott III                               41,399
          Evergreen Pulp                                 41,335
          Caterpillar Financial Services                 40,975
          Rounds Logging Inc.                            40,917
          Sonoma Compost Co.                             40,826
          Robert Ewing                                   40,615
          Lee Russell                                    40,154
          Other                                       3,779,662

       TOTAL SCHEDULED LIABILITIES                 $201,476,665
                                                  =============

Headquartered in Oakland, California, The Pacific Lumber Company
-- http://www.palco.com/-- and its subsidiaries operate in     
several principal areas of the forest products industry,
including the growing and harvesting of redwood and Douglas-fir
timber, the milling of logs into lumber and the manufacture of
lumber into a variety of finished products.

Scotia Pacific Company LLC, Scotia Development LLC, Britt Lumber
Co., Inc., Salmon Creek LLC and Scotia Inn Inc. are wholly owned
subsidiaries of Pacific Lumber.

Scotia Pacific, Pacific Lumber's largest operating subsidiary, was
established in 1993, in conjunction with a securitization
transactions pursuant to which the vast majority of Pacific
Lumber's timberlands were transferred to Scotia Pacific, and
Scotia Pacific issued Timber Collateralized Notes secured by
substantially all of Scotia Pacific's assets, including the
timberlands.

Pacific Lumber, Scotia Pacific, and four other subsidiaries filed
for chapter 11 protection on Jan. 18, 2007 (Bankr. S.D. Tex. Case
Nos. 07-20027 through 07-20032).  Jeffrey L. Schaffer, Esq.,
William J. Lafferty, Esq., and Gary M. Kaplan, Esq., at Howard
Rice Nemerovski Canady Falk & Rabkin, A Professional Corporation
is Pacific Lumber's lead counsel.  Nathaniel Peter Holzer, Esq.,
Harlin C. Womble, Jr., Esq., and Shelby A. Jordan, Esq., at
Jordan Hyden Womble Culbreth & Holzer PC, is Pacific Lumber's co-
counsel.  Kathryn A. Coleman, Esq., and Eric J. Fromme, Esq., at
Gibson, Dunn & Crutcher LLP, acts as Scotia Pacific's lead
counsel.  John F. Higgins, Esq., and James Matthew Vaughn, Esq.,
at Porter & Hedges LLP, is Scotia Pacific's co-counsel.

When Pacific Lumber filed for protection from its creditors, it
listed estimated assets and debts of more than $100 million.  
Scotia Pacific listed total assets of $932,000,000 and total debts
of $765,978,335.  The Debtors' exclusive period to file a chapter
11 plan expires on May 18, 2007.  (Scotia/Pacific Lumber
Bankruptcy News, Issue No. 8, http://bankrupt.com/newsstand/or     
215/945-7000).


SEA CONTAINERS: Files Updated Operating Report for October 2006
---------------------------------------------------------------
The Debtors underwent a reconciliation process of, among other
things, their intercompany claims, to ensure that their financial
reporting is as of the Petition Date, rather than as of Sept. 30,
2006.  As a result, the Debtors updated their monthly operating
report previously filed with the Court:

                      Sea Containers, Ltd.
                    Unaudited Balance Sheet
                    As of October 31, 2006

                            Assets

Current Assets
   Cash and cash equivalents                        $52,084,064
   Trade receivables, less allowances
     for doubtful accounts                            1,197,118
   Due from related parties                          10,077,614
   Prepaid expenses and other current assets          4,369,498
                                                   ------------
      Total current assets                           67,728,294

Fixed assets, net                                             0

Long-term equipment sales receivable, net                     -
Investments in group companies                                -
Intercompany receivables                                      -
Investment in equity ownership interests            199,120,137
Other assets                                          3,454,797
                                                   ------------
Total assets                                       $270,303,229
                                                   ============

             Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                     $14,462
   Accrued expenses                                  24,978,283
   Current portion of long-term debt                 26,042,311
   Current portion of senior notes                  385,040,923
                                                   ------------
      Total current liabilities                     436,075,980

Total shareholders' equity                         (165,772,752)
                                                   ------------
Total liabilities and shareholders' equity         $270,302,228
                                                   ============

                     Sea Containers, Ltd.
               Unaudited Statement of Operations
             For the Month Ended October 31, 2006

Revenue                                              $1,400,953

Costs and expenses:
   Operating costs                                     (249,354)
   Selling, general and
     administrative expenses                            178,520
   Charges to provide against
     intercompany accounts                           (3,488,763)
   Depreciation and amortization                              0
                                                   ------------
      Total costs and expenses                       (3,559,597)
                                                   ------------

Loss on sale of assets                                        0
                                                   ------------
Operating income (loss)                               4,960,550

Other income (expense)
   Interest income                                      163,248
   Foreign exchange gains (losses)                       14,664
   Interest expense, net                             (1,749,438)
                                                   ------------
Income (Loss) before taxes                            3,389,024
Income tax expense                                      (51,614)
                                                   ------------
Net (Loss)                                           $3,337,410
                                                   ============

Sea Containers, Ltd., also reported $1,614,406 in cash receipts,
and no disbursements for October 2006.  The Debtor held
$52,084,064 in cash as of October 31.

                 Sea Containers Services Ltd.
                    Unaudited Balance Sheet
                    As of October 31, 2006

                            Assets

Current Assets
   Cash and cash equivalents                           $271,670
   Trade receivables                                    475,165
   Due from related parties                           5,789,600
   Prepaid expenses and other current assets         13,252,836
                                                   ------------
      Total current assets                           19,789,271

Fixed assets, net                                     3,324,751

Investments                                           2,556,283
Intercompany receivables                             35,355,343
Other assets                                             14,294
                                                   ------------
Total assets                                        $61,039,942
                                                   ============

             Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                  $4,465,371
   Accrued expenses                                   4,420,261
   Current portion of long-term debt                  1,836,525
                                                   ------------
      Total current liabilities                      10,722,156

Total shareholders' equity                           50,317,786
                                                   ------------
Total liabilities and shareholders' equity          $61,039,942
                                                   ============

                 Sea Containers Services Ltd.
               Unaudited Statement of Operations
             For the Month Ended October 31, 2006

Revenue                                              $1,136,728

Costs and expenses:
   Operating costs                                            -
   Selling, general and
     administrative expenses                           (903,621)
   Other charges                                              -
   Depreciation and amortization                        (66,405)
                                                   ------------
      Total costs and expenses                         (970,026)
                                                   ------------

Gains on sale of assets                                       0
                                                   ------------
Operating income (loss)                                 166,702

Other income (expense)
   Interest income                                            8
   Foreign exchange gains (losses)                           95
   Interest expense, net                                 (5,806)
                                                   ------------
Income (Loss) before taxes                              160,998
Income tax expense                                            0
                                                   ------------
Net Income                                             $160,998
                                                   ============

Sea Containers Services recorded $122,000 in cash receipts, and
$124,323 in disbursements for October 2006.  The Debtor held  
$271,670 in cash as of October 31.

A full-text copy of Sea Containers Services and Sea Containers
Ltd.'s schedules of receipts and disbursements is available for
free at http://researcharchives.com/t/s?1afd

In its balance sheet, Sea Containers Carribean, Inc., reported
zero assets and accounts payable of $3,530,094, as its sole
liability, as of October 31.

Based in Hamilton, Bermuda, Sea Containers Ltd. (NYSE: SCRA, SCRB)
-- 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 October 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. 12; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000)

The Debtors' exclusive period to file a plan expires on June 12,
2007.  They have until Aug. 11, 2007, to solicit acceptances to
that plan.


SEA CONTAINERS: Files Updated Operating Report for November 2006
----------------------------------------------------------------
The Debtors underwent a reconciliation process of, among other
things, their intercompany claims, to ensure that their financial
reporting is as of the Petition Date, rather than as of Sept. 30,
2006.  As a result, the Debtors amended their monthly operating
report previously filed with the Court:

                      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                                             0

Long-term equipment sales receivable, net                     -
Investments 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                         (165,713,595)
                                                   ------------
Total liabilities and shareholders' equity         $278,396,083
                                                   ============

                     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                                        0
                                                   ------------
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)
                                                   ------------
Income (Loss) before taxes                              988,304
Income tax expense                                     (100,000)
                                                   ------------
Net (Loss)                                             $888,304
                                                   ============

Sea Containers, Ltd., also reported $4,238,889 in cash receipts,
and 311,788 in disbursements for November 2006.  The Debtor held
$56,007,964 in cash as of Nov. 31.

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

                            Assets

Current Assets
   Cash and cash equivalents                           $233,206
   Trade receivables                                    259,095
   Due from related parties                           5,890,101
   Prepaid expenses and other current assets          6,898,193
                                                   ------------
      Total current assets                           13,270,596

Fixed assets, net                                     3,280,027

Investments                                           2,596,645
Intercompany receivables                             42,852,621
Other assets                                             12,705
                                                   ------------
Total assets                                        $62,012,595
                                                   ============

             Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                  $2,806,523
   Accrued expenses                                   6,109,749
   Current portion of long-term debt                  1,660,779
                                                   ------------
      Total current liabilities                      10,577,050

Total shareholders' equity                           51,435,544
                                                   ------------
Total liabilities and shareholders' equity          $62,012,595
                                                   ============

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

Revenue                                                $418,420

Costs and expenses:
   Operating costs                                            -
   Selling, general and
     administrative expenses                            (38,281)
   Reorganization costs                                       -
   Other charges                                              -
   Depreciation and amortization                        102,752
                                                   ------------
      Total costs and expenses                           64,470
                                                   ------------

Gains on sale of assets                                       0
                                                   ------------
Operating income (loss)                                 353,950

Other income (expense)
   Interest income                                            -
   Foreign exchange gains (losses)                      (35,864)
   Interest expense, net                                 (2,537)
                                                   ------------
Income (Loss) before taxes                              315,549
Income tax expense                                            0
                                                   ------------
Net Income                                             $315,549
                                                   ============

Sea Containers Services recorded $1,488,401 in cash receipts, and
$1,642,222 in disbursements for November 2006.

A full-text copy of Sea Containers Services and Sea Containers
Ltd.'s schedules of receipts and disbursements is available for
free at http://researcharchives.com/t/s?1aff

In its balance sheet, Sea Containers Carribean, Inc., reported
zero assets and accounts payable of $3,530,094 as its sole
liability as of Nov. 30, 2006.

Based in Hamilton, Bermuda, Sea Containers Ltd. (NYSE: SCRA, SCRB)
-- 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 October 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. 12; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000)

The Debtors' exclusive period to file a plan expires on June 12,
2007.  They have until Aug. 11, 2007, to solicit acceptances to
that plan.


SEA CONTAINERS: Files Updated Operating Report for December 2006
----------------------------------------------------------------
The Debtors underwent a reconciliation process of, among other
things, their intercompany claims, to ensure that the Debtors'
financial reporting is as of the Petition Date, rather than as of
Sept. 30, 2006.  As a result, the Debtors amended their monthly
operating report previously filed with the Court:

                      Sea Containers, Ltd.
                    Unaudited Balance Sheet
                    As of December 31, 2006

                            Assets

Current Assets
   Cash and cash equivalents                        $54,196,789
   Trade receivables, less allowances
     for doubtful accounts                              508,115
   Due from related parties                             385,028
   Prepaid expenses and other current assets          4,465,332
                                                   ------------
      Total current assets                           59,555,264

Fixed assets, net                                             0

Long-term equipment sales receivable, net                     -
Investments in group companies                                -
Intercompany receivables                                      -
Investment in equity ownership interests            204,331,424
Other assets                                          3,302,285
                                                   ------------
Total assets                                       $267,188,973
                                                   ============

             Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                  $2,123,898
   Accrued expenses                                  30,796,263
   Current portion of long-term debt                 26,946,083
   Current portion of senior notes                  385,097,380
                                                   ------------
      Total current liabilities                     444,963,624

Total shareholders' equity                         (177,774,651)
                                                   ------------
Total liabilities and shareholders' equity         $267,188,973
                                                   ============

                     Sea Containers, Ltd.
               Unaudited Statement of Operations
             For the Month Ended December 31, 2006

Revenue                                                $499,123

Costs and expenses:
   Operating costs                                     (351,937)
   Selling, general and
     administrative expenses                          4,449,737
   Reorganization Costs                                   7,480
   Charges to provide against
     intercompany accounts                            4,882,245
   Depreciation and amortization                         58,677
                                                   ------------
      Total costs and expenses                        9,046,202
                                                   ------------

Loss on sale of assets                                  (29,747)
                                                   ------------
Operating income (loss)                              (8,576,826)

Other income (expense)
   Interest income                                      248,766
   Foreign exchange gains (losses)                      (92,909)
   Interest expense, net                             (3,408,685)
                                                   ------------
Income (Loss) before taxes                          (11,829,654)
Income tax expense                                     (100,000)
                                                   ------------
Net (Loss)                                         ($11,929,654)
                                                   ============

Sea Containers, Ltd., also reported $1,614,406 in cash receipts,
and $3,325,581 in disbursements for December 2006.  The Debtor
held $54,196,789 in cash as of Dec. 31.

                 Sea Containers Services Ltd.
                    Unaudited Balance Sheet
                    As of December 31, 2006

                            Assets

Current Assets
   Cash and cash equivalents                            $64,809
   Trade receivables                                    467,956
   Due from related parties                           3,334,083
   Prepaid expenses and other current assets          8,528,756
                                                   ------------
      Total current assets                           12,395,604

Fixed assets, net                                     3,196,876

Investments                                           2,637,008
Intercompany receivables                             45,758,723
Other assets                                          3,656,666
                                                   ------------
Total assets                                        $67,644,876
                                                   ============

             Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                  $2,810,115
   Accrued expenses                                   4,663,663
   Current portion of long-term debt                  1,677,105
                                                   ------------
      Total current liabilities                       9,150,883

Total shareholders' equity                           58,493,993
                                                   ------------
Total liabilities and shareholders' equity          $67,644,876
                                                   ============

                 Sea Containers Services Ltd.
               Unaudited Statement of Operations
             For the Month Ended December 31, 2006

Revenue                                              $3,441,096

Costs and expenses:
   Operating costs                                            -
   Selling, general and
     administrative expenses                          2,152,356
   Professional fees                                    756,603
   Other charges                                              -
   Depreciation and amortization                        111,089
                                                   ------------
      Total costs and expenses                        3,020,048
                                                   ------------

Gains on sale of assets                                  15,033
                                                   ------------
Operating income (loss)                                 436,080

Other income (expense)
   Interest income                                           45
   Foreign exchange gains (losses)                     (110,628)
   Interest expense, net                                (31,417)
                                                   ------------
Income (Loss) before taxes                              294,080
Income tax expense                                    5,964,852
                                                   ------------
Net (Loss)                                           $6,258,932
                                                   ============

In its schedules of receipts and disbursements, Sea Containers
Services recorded $3,265,192 in cash receipts, and $3,415,721 in
disbursements for December 2006.

A full-text copy of Sea Containers Services and Sea Containers
Ltd.'s schedules of receipts and disbursements is available for
free at http://researcharchives.com/t/s?1b00

In its balance sheet, Sea Containers Carribean, Inc., reported
zero assets and accounts payable of $3,530,094 as its sole
liability as of Dec. 31, 2006.

Based in Hamilton, Bermuda, Sea Containers Ltd. (NYSE: SCRA, SCRB)
-- 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 October 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. 12; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000)

The Debtors' exclusive period to file a plan expires on June 12,
2007.  They have until Aug. 11, 2007, to solicit acceptances to
that plan.


SEA CONTAINERS: Earns $12.1 Million in January 2007
---------------------------------------------------

                     Sea Containers, Ltd.
                    Unaudited Balance Sheet
                    As of January 31, 2007

                            Assets

Current Assets
   Cash and cash equivalents                        $54,289,351
   Trade receivables, less allowances
     for doubtful accounts                                    -
   Due from related parties                           7,758,745
   Prepaid expenses and other current assets          6,478,060
                                                   ------------
      Total current assets                          $68,526,156

Fixed assets, net                                             -

Lont-term equipment sales receivable, net                     -
Investments in group companies                                -
Intercompany receivables                                      -
Investment in equity ownership interests            209,015,333
Other assets                                          3,226,962
                                                   ------------
Total assets                                       $280,768,451
                                                   ============

             Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                  $2,031,753
   Accrued expenses                                  33,996,232
   Current portion of long-term debt                 26,411,239
   Current portion of senior notes                  385,125,608
                                                   ------------
      Total current liabilities                     447,564,832

Total shareholders' equity                         (166,796,381)
                                                   ------------
Total liabilities and shareholders' equity         $280,768,451
                                                   ============

                     Sea Containers, Ltd.
               Unaudited Statement of Operations
             For the Month Ended January 31, 2007

Revenue                                              $1,450,454

Costs and expenses:
   Operating costs                                     (100,063)
   Selling, general and
     administrative expenses                            892,796
   Reorganization costs                                       -
   Charges to provide against
     intercompany accounts                          (14,914,955)
   Depreciation and amortization                              -
                                                   ------------
      Total costs and expenses                      (14,122,222)
                                                   ------------

Gain or (Loss) on sale of assets                        272,531
                                                   ------------
Operating income (loss)                              15,845,207

Other income (expense)
   Interest income                                        5,393
   Foreign exchange gains or (losses)                   (53,776)
   Interest expense, net                             (3,508,109)
                                                   ------------
Income (Loss) before taxes                           12,288,715
Income tax expense                                     (100,000)
                                                   ------------
Net (Loss)                                          $12,188,715
                                                   ============

Sea Containers, Ltd., also reported $1,781,721 in cash receipts
and $1,889,159 in disbursements for January 2007.

                    Sea Containers Services
                    Unaudited Balance Sheet
                    As of January 31, 2007

                            Assets

Current Assets
   Cash and cash equivalents                           $206,104
   Trade receivables                                    185,845
   Due from related parties                           5,070,228
   Prepaid expenses and other current assets          4,821,696
                                                   ------------
      Total current assets                           10,283,873

Fixed assets, net                                     3,077,947

Investments                                           2,637,008
Intercompany receivables                             43,483,537
Other assets                                          3,654,824
                                                   ------------
Total assets                                        $63,137,188
                                                   ============

             Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                  $2,197,677
   Accrued expenses                                   4,159,988
   Current portion of long-term debt                  1,679,853
                                                   ------------
      Total current liabilities                       8,037,519

Total shareholders' equity                           55,099,669
                                                   ------------
Total liabilities and shareholders' equity          $63,137,188
                                                   ============

                    Sea Containers Services
               Unaudited Statement of Operations
             For the Month Ended January 31, 2007

Revenue                                                $818,278

Costs and expenses:
   Operating costs                                            -
   Selling, general and
     administrative expenses                            554,441
   Professional Fees                                     68,555
   Other charges                                              -
   Depreciation and amortization                        119,809
                                                   ------------
      Total costs and expenses                          742,805
                                                   ------------

Gains on sale of assets                                       -
                                                   ------------
Operating income (loss)                                  75,474

Other income (expense)
   Interest income                                            -
   Foreign exchange gains (losses)                        5,819
   Interest expense, net                                (13,136)
                                                   ------------
Income (Loss) before taxes                               68,157
Income tax credit                                             -
                                                   ------------
Net Income                                              $68,157
                                                   ============

Sea Containers Services recorded $1,621,872 in cash receipts and
$1,473,529 in disbursements for January 2007.

A full-text copy of Sea Containers Services and Sea Containers
Ltd.'s schedules of receipts and disbursements is available for
free at http://researcharchives.com/t/s?1b06

Sea Containers Carribean, Inc., reported zero assets and accounts
payable of $3,530,094, as its sole liability, in its January 2007
balance sheet.

Based in Hamilton, Bermuda, Sea Containers Ltd. (NYSE: SCRA, SCRB)
-- 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 October 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. 12; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000)

The Debtors' exclusive period to file a plan expires on June 12,
2007.  They have until Aug. 11, 2007, to solicit acceptances to
that plan.


THAXTON GROUP: Posts $86 Million Cumulative Net Loss in Jan. 2007
-----------------------------------------------------------------
The Thaxton Group filed its monthly operating report for the month
of January 2007 with the U.S. Bankruptcy Court for the District
of Delaware on Feb. 26, 2007.

The company reported a cumulative net loss of $86,999,436 on
$177,079,561 of revenue for the period from Oct. 17, 2003, thru
Jan. 31, 2007.

At Jan. 31, 2007, the company's balance sheet reflects:

          Total Assets                    $ 89,970,290
          Total Liabilities               $172,342,277
          Stockholders' Equity Deficit   ($ 82,371,987)

A full-text copy of Thaxton Group's January 2007 Monthly Operating
Report is available at no charge at:

                http://researcharchives.com/t/s?1b05

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 $18.9 Million Net Loss in January 2007
--------------------------------------------------------------

             Tower Automotive, Inc., and Subsidiaries
               Unaudited Consolidated Balance Sheet
                      As of January 31, 2007
                          (In Thousands)

Cash and cash equivalents                                $1,248
Accounts receivable                                     102,595
Inventories                                              43,754
Prepaid tooling and other                                30,186
                                                    ------------
TOTAL CURRENT ASSETS                                    177,783
                                                    ------------
Property, plant and equipment, net                      468,949
Investment in and advances to affiliates                781,732
Other assets, net                                        36,918
                                                    ------------
TOTAL ASSETS                                         $1,465,382
                                                    ============

CURRENT LIABILITIES NOT SUBJECT TO
    COMPROMISE:
Current maturities of L-T debt and capital lease             $3
    obligations
Current maturities of DIP borrowings                    640,400
Accounts payable                                        100,490
Accrued liabilities                                      96,201
                                                    ------------
    TOTAL CURRENT LIABILITIES                            837,094
                                                    ------------
Liabilities subject to comprise:                      1,296,219

Non-Current Liabilities Not Subject to
    Compromise:
Long-term debt, net of current maturities                84,751
Other non-current liabilities                            20,131
                                                    ------------
TOTAL LIABILITIES                                     2,238,195
                                                    ------------
STOCKHOLDERS' DEFICIT:                                 (772,813)
                                                    ------------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT:         $1,465,382
                                                    ============

             Tower Automotive, Inc., and Subsidiaries
                Unaudited Statement of Operations
                      January 1 to 31, 2007
                          (In Thousands)

Revenues                                                $81,750
Cost of sales                                            83,860
                                                    ------------
Gross profit                                             (2,110)

Selling, general and administrative                       5,499
    expenses
Restructuring & asset impairment                          1,395
    charges, net
Other operating income                                      391
                                                    ------------
Operating income (loss)                                  (9,395)

Interest expense                                          9,292
Interest income                                            (103)
Intercompany interest (income)/expense                   (2,711)
Chapter 11 and related reorganization items               2,881
                                                    ------------
Income (loss) before provision for income               (18,754)
    taxes, equity in earnings of joint
    ventures, and minority interest

Provision (benefit) for income taxes                        191
Income (loss) before equity in earnings of              (18,945)
    joint ventures
Equity in earnings of joint ventures, net of tax              -
                                                    ------------
NET INCOME/(LOSS)                                      ($18,945)
                                                    ============

             Tower Automotive, Inc., and Subsidiaries
                Unaudited Statement of Cash Flows
                      January 1 to 31, 2007
                          (In Thousands)

OPERATING ACTIVITIES:
Net loss                                               ($18,945)

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

Chapter 11 & related reorganization items, net              870
Restructuring and asset impairment, net                     186
Depreciation                                              7,694
Equity in earnings of joint ventures, net                     -
Change in working capital & other operating items       (32,514)
                                                    ------------
Net cash provided by (used in) operating                (42,709)
    activities:

INVESTING ACTIVITIES:
Cash disbursed for purchase of property,                 (7,147)
  plant and equipment
                                                    ------------
Net cash used for investing activities                   (7,147)

FINANCING ACTIVITIES:
Proceeds from non-DIP borrowings                              -
Repayments of non-DIP borrowings                             (1)
Borrowings from DIP credit facility                     126,000
Repayments of borrowings from DIP facility              (80,600)
                                                    ------------
Net cash provided by (used in) financing                 45,399
    activities
                                                    ------------
Net change in cash and cash equivalents                  (4,457)
                                                    ------------
Cash and Cash Equivalents, beginning of period            5,705
                                                    ------------
Cash and Cash Equivalents, end of period                 $1,248
                                                    ============

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


VESTA INSURANCE: Gaines Files January 2007 Operating Report
-----------------------------------------------------------

                      J. Gordon Gaines, Inc.
                         Income Statement
                   Month ended January 31, 2007

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

Less:
   Operating Expenses                                   448,305
                                                   ------------
Net Profit Operations                                  (448,305)

Non-Operating Income (Expenses)
   Interest Earned                                        3,006
   State Tax Refunds                                          0
   Non-operational income                                     0
   Sale of Property                                           0
   Stale Dated Checks Written Off                        72,861
                                                   ------------
Net Profit (Loss)                                     ($372,438)
                                                   ============

                      J. Gordon Gaines, Inc.
            Schedule of Cash Receipts and Disbursements
                   Month ended January 31, 2007

Cash On Hand (Beginning)                             $1,176,001

Cash Receipts:
   Accounts Receivable                                        0
   Management Fees                                            0
   Loan Proceeds                                              0
   Sale of Property                                           0
   Interest Earned                                        3,006
   State Tax Refunds                                          0
   Non-operational Income                                     0
   Funding by Texas Receiver                                  0
   Funding by Texas Receiver in Transit                       0
   Intercompany insurance operations                          0
   Stale Dated Checks Written Off                        72,861
                                                   ------------
Total Receipts                                           75,867

Cash Disbursements:
   Financing costs, fees, interest                            0
   Accounting Fees (payroll fees)                           148
   Advertising                                                0
   Automobiles/Vehicles (repair and maintenance)             35
   Bank Fees                                                  0
   Commissions/Contract Labor                                 0
   Insurance Expense                                     57,132
   Interest Paid                                          1,207
   Storage Cost                                               0
   Information System Cost                               15,369
   Inventory Purchased                                        0
   Legal Fees                                           208,575
   Management Fees                                            0
   Trustee Fees                                           7,500
   Postage                                                  279
   Rent/Lease Payments on Real Estate                         0
   Operating Costs related to Bankruptcy                      0
   Repairs and Maintenance                                    0
   Salaries/Wages (portion paid to J.G. Gaines, Inc.)    97,780
   Wages paid not by SDR                                      0
   Secured Loan Payments                                      0
   Supplies                                                 875
   Travel & Entertainment                                     0
   Taxes                                                 47,762
   Unsecured Loan Payments                                    0
   Utilities                                                665
   Others                                                10,977
                                                   ------------
Total Disbursements                                     448,305

Surplus or Deficit                                     (372,438)
                                                   ------------
Cash on Hand (End)                                     $803,563
                                                   ============
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 an 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. 17; 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
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A list of Meetings, Conferences and Seminars appears in each
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related conferences are encouraged.  Send announcements to
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On Thursdays, the TCR delivers a list of recently filed chapter 11
cases involving less than $1,000,000 in assets and liabilities
delivered to nation's bankruptcy courts.  The list includes links
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Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
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Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

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

                             *********

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

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Marie Therese V. Profetana, Shimero R. Jainga, Ronald C. Sy,
Joel Anthony G. Lopez, Cecil R. Villacampa, Cherry A. Soriano-
Baaclo, Jason A. Nieva, Melvin C. Tabao, Tara Marie A. Martin,
Melanie C. Pador, Frauline S. Abangan, 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
not guaranteed.

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 ***