TCR_Public/070609.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, June 9, 2007, Vol. 11, No. 136


ASARCO LLC: Earns $11.9 Million in April 2007
CATHOLIC CHURCH: Davenport Files April 2007 Operating Report
CATHOLIC CHURCH: Portland Files April 2007 Operating Report
CATHOLIC CHURCH: San Diego Files March 2007 Operating Report
CATHOLIC CHURCH: Spokane Files April 2007 Operating Report

DANA CORPORATION: Posts $170 Million Net Loss in April 2007
DELPHI CORP: Posts $66 Million Net Loss in April 2007
DURA AUTOMOTIVE: Posts $14.4 Million Net Loss in April 2007
HANCOCK FABRICS: Files Operating Report For Period Ending May 5
SAINT VINCENTS: Files Monthly Operating Report for April 2007

SOLUTIA INC: Files Monthly Operating Report for April 2007
TOWER AUTOMOTIVE: Posts $22.2 Million Net Loss in April 2007


ASARCO LLC: Earns $11.9 Million in April 2007

                      ASARCO LLC, et al.
                         Balance Sheet
                     As of April 30, 2007

   Current Assets:
   Cash                                          $515,450,000
   Restricted Cash                                 28,385,000
   Accounts receivable, net                       150,427,000
   Inventory                                      252,039,000
   Prepaid expenses                                 5,416,000
   Deferred income tax assets                               0
   Other current assets                            17,358,000
Total Current Assets                              969,075,000

Net property, plant and equipment                 453,499,000
Other Assets
   Investments in subs                            103,160,000
   Advances to affiliates                             653,000
   Prepaid pension & retirement plan               83,941,000
   Non-current deferred tax asset                  40,951,000
   Other                                          110,317,000
Total assets                                   $1,761,596,000

   Postpetition liabilities:
   Accounts payable                               $65,199,000
   Accrued liabilities                            103,761,000
   Debtor-in-possession financing                           0
Total postpetition liabilities                    168,960,000

Prepetition liabilities:
Not subject to compromise - credit                    681,000
Not subject to compromise - other                  52,367,000
Advances from affiliates                           24,309,000
Subject to compromise                           1,497,478,000
Total prepetition liabilities                   1,574,835,000
Total liabilities                              $1,743,795,000

Common stock                                      508,325,000
Additional paid-in capital                        104,578,000
Other comprehensive income                       (122,110,000)
Retained earnings: filing date                 (1,065,018,000)
Total prepetition owners' equity                 (574,225,000)
Retained earnings: post-filing date               592,026,000
Total owners' equity (net worth)                   17,801,000

Total liabilities and owners' equity           $1,761,596,000

                      ASARCO LLC, et al.
             Consolidated Statement of Operations
                  Month Ending April 30, 2007

Sales                                            $139,567,000
Cost of products and services                     104,366,000
Gross profit                                       35,201,000

Operating expenses:
Selling and general & admin expenses                3,402,000
Depreciation & amortization                         3,011,000
Provision accretion expense of asset
retirement obligation                                 163,000
Operating income                                   28,625,000

Interest expense                                       58,000
Interest income                                    (2,759,000)
Reorganization expenses                             5,772,000
Other miscellaneous (income) expenses              (8,274,000)
Income (loss) before taxes                         33,828,000
Income taxes                                       21,858,000
Net income (loss)                                 $11,970,000

                      ASARCO LLC, et al.
          Consolidated Cash Receipts & Disbursements
                  Month Ending April 30, 2007

Receipts                                         $126,690,000
Inventory material                                 44,980,000
Operating disbursements                            51,964,000
Capital expenditures                               12,530,000
Total disbursements                               109,474,000

Operating cash flow                                17,216,000
Reorganization disbursements                        4,945,000
Net cash flow                                      12,271,000
Net payments to secured Lenders                             0
Net change in cash                                 12,271,000
Beginning cash balance                            531,563,000
Ending cash balances                             $543,835,000

                         About ASARCO LLC

Based in Tucson, Arizona, ASARCO LLC --   
is an integrated copper mining, smelting and refining company.
Grupo Mexico S.A. de C.V. is ASARCO's ultimate parent.  The
Company filed for chapter 11 protection on Aug. 9, 2005 (Bankr.
S.D. Tex. Case No. 05-21207).  James R. Prince, Esq., Jack L.
Kinzie, Esq., and Eric A. Soderlund, Esq., at Baker Botts L.L.P.,
and Nathaniel Peter Holzer, Esq., Shelby A. Jordan, Esq., and
Harlin C. Womble, Esq., at Jordan, Hyden, Womble & Culbreth, P.C.,
represent the Debtor in its restructuring efforts.  Lehman
Brothers Inc. provides the ASARCO with financial advisory services
And investment banking services.  Paul M. Singer, Esq., James C.
McCarroll, Esq., and Derek J. Baker, Esq., at Reed Smith LLP give
legal advice to the Official Committee of Unsecured Creditors and
David J. Beckman at FTI Consulting, Inc., gives financial advisory
services to the Committee.  When the Debtor filed for protection
from its creditors, it listed $600 million in total assets and
$1 billion in total debts.

The Debtor has five affiliates that filed for chapter 11
protection on April 11, 2005 (Bankr. S.D. Tex. Case Nos. 05-20521
through 05-20525).  They are Lac d'Amiante Du Quebec Ltee, CAPCO
Pipe Company, Inc., Cement Asbestos Products Company, Lake
Asbestos of Quebec, Ltd., and LAQ Canada, Ltd.  Details about
their asbestos-driven chapter 11 filings have appeared in the
Troubled Company Reporter since Apr. 18, 2005.

Encycle/Texas, Inc. (Bankr. S.D. Tex. Case No. 05-21304), Encycle,
Inc., and ASARCO Consulting, Inc. (Bankr. S.D. Tex. Case No.
05-21346) also filed for chapter 11 protection, and ASARCO has
asked that the three subsidiary cases be jointly administered
with its chapter 11 case.  On Oct. 24, 2005, Encycle/Texas' case
was converted to a Chapter 7 liquidation proceeding. The Court
appointed Michael Boudloche as Encycle/Texas, Inc.'s Chapter 7
Trustee.  Michael B. Schmidt, Esq., and John Vardeman, Esq., at
Law Offices of Michael B. Schmidt represent the Chapter 7

ASARCO's affiliates, AR Sacaton LLC, Southern Peru Holdings LLC,
and ASARCO Exploration Company Inc., filed for chapter 11
protection on Dec. 12, 2006 (Bankr. S.D. Tex. Case No. 06-20774 to

The Debtors' exclusive period to file a plan expires on
Aug. 9, 2007.  (ASARCO Bankruptcy News, Issue No. 47; Bankruptcy
Creditors' Service, Inc.,  

CATHOLIC CHURCH: Davenport Files April 2007 Operating Report

                 Diocese of Davenport in Iowa
                Statement of Financial Position
                     As of April 30, 2007


Current Assets
   Cash and cash equivalents - unrestricted          $5,194,700
   Cash and cash equivalents - restricted             2,389,554
   Accounts receivable, net                              24,982
   Inventory                                                  -
   Prepaid expenses                                       1,688
   Professional retainers                                55,652
Total Current Assets                                  7,666,576
Property and Equipment
   Real Property                                      4,737,300
   Machinery and equipment                                6,000
   Furniture and fixtures                                 8,914
   Office equipment                                      59,500
   Leasehold improvements                                     -
   Vehicles                                              45,460
Total Property and Equipment                          4,857,174
Total Assets                                        $12,523,750


   Current Liabilities
       Salaries and wages                                     -
       Payroll taxes                                          -
       Real and personal property taxes                       -
       Income taxes                                           -
       Sales taxes                                            -
       Notes payable, short term                              -
       Accounts payable, trade                          $23,196
       Real property lease arrearage                          -
       Personal property lease arrearage                      -
       Accrued professional fees                              -
       Current portion of long-term debt                      -
       Pass-through collections                         147,614
   Total Current Liabilities                            170,810
   Long-Term Postpetition Debt, Net                           -
   Total Postpetition Liabilities                       170,810
Prepetition Liabilities
       Secured claims                                         -
       Priority unsecured claims                       $160,888
       General unsecured claims                       1,660,316
   Total Prepetition Liabilities                      1,821,204
   Total Liabilities                                  1,992,014
Equity (deficit):
   Retained earnings/deficit at filing                5,795,187
   Capital stock                                              -
   Additional paid-in capital                                 -
   Cumulative profit/loss since filing                  891,480
   Post-petition contributions/distributions
       or draws                                               -
   Market value adjustment                            3,845,069
   Total equity (deficit)                            10,531,736
Total liabilities & equity (deficit)                $12,523,750

                 Diocese of Davenport in Iowa
                    Statement of Operations
              For the month ending April 30, 2007

   Gross sales                                             $161
   Less: sales returns & allowances                           -
   Net sales                                                161
   Less: cost of goods sold                                   -
   Gross profit                                             161
   Interest                                               1,826
   Other income:
       Charitable gifts                                 186,970
       Insurance receipts                               214,715
       Investment income                                 37,773
   Total revenues                                       441,445
   Compensation to owner(s)/officer(s)                   12,578
   Salaries                                              94,808
   Commissions                                                -
   Contract labor                                         7,663
       Personal property                                      -
       Real property                                          -
   Insurance                                             94,883
   Management fees                                            -
   Depreciation                                           5,945
       Employer payroll taxes                             5,946
       Real property taxes                                    -
       Other taxes                                            -
   Other selling                                              -
   Other administrative                                  69,095
   Interest                                                   -
   Other expenses:
       Employee benefits                                 17,960
       Charity collection                                 2,206
       Medical assistance/Victim assistance              12,194
       Utilities                                         13,432
       Transfer to unrestricted                               -
       Professional Investment Management Fees              588
       Sabbatical                                             0
       Cemetery Perpetual Care                           25,000
           Total expenses                               362,298

   Reorganization items:
       Professional fees                                (10,000)
       Provisions for rejected
           executory contracts                                -
       Interest earned on accumulated cash
           from resulting Chapter 11 case                18,393
       Gain or (Loss) from sale of equipment                  -
       U.S. Trustee quarterly fees                       (3,750)
       Advertising/Printing/Mailing                      (6,684)
           Total reorganization items                    (2,041)
Net profit (loss) before federal &
   state taxes                                           77,106
   Federal & state income taxes                               -
Net Profit (Loss)                                       $77,106

                 Diocese of Davenport in Iowa
         Statement of Cash Receipts and Disbursements
              For the month ending April 30, 2007

Cash receipts
   Rent/Leases collected                                 $3,375
   Cash received from sales                                 161
   Interest received                                     20,220
   Borrowings increase in accounts payable                23690
   Funds from shareholders, partners,
       or other insiders                                      -
   Capital contributions                                      -
   Annual diocesan appeal/donations                     186,970
   Investment income/misc.                                    -
   Insurance receipts                                   214,715
   Tribunal/Immigration/Faith Formation fees             34,398
   Decrease in prepaids/accounts receivable              35,157
   Misc/Increase in accounts payable                          -
   Total Cash Receipts                                 $518,686

Cash disbursements:
   Payments for inventory                                     -
   Selling                                                    -
   Administrative                                      $124,469
   Capital expenditures                                       -
   Principal payments on debt                                 -
   Interest paid                                              -
       Personal Property                                      -
       Real Property                                          -
   Amount paid to owner(s)/officer(s)
       Salaries                                          12,578
       Draws                                                  -
       Commissions/Royalties                                  -
       Expense Reimbursements                               518
       Other                                                  -
   Salaries/Commissions (less employee
       withholding                                       73,187
   Management fees                                            -
       Employee withholding                              21,621
       Employer payroll taxes                             5,946
       Real property taxes                                    -
       Other taxes                                            -
   Other cash outflows:
       Insurance                                         94,883
       Utilities                                         13,432
       Medical Assistance                                12,194
       Employee Benefits                                 17,960
       Misc/Decrease in Accts Payable/Increase
           in receivables                                     -
   Total Cash Disbursements                            $376,788
Net increase (decrease) in cash                         141,898

Cash balance, beginning of period                     1,283,909

Cash balance, end of period                          $1,425,807

                    About Diocese of Davenport

The Diocese of Davenport in Iowa filed for chapter 11 protection
(Bankr. S.D. Ia. Case No. 06-02229) on October 10, 2006.  
Richard A. Davidson, Esq., at Lane & Waterman LLP, represents the
Davenport Diocese in its restructuring efforts.  Hamid R.
Rafatjoo, Esq., and Gillian M. Brown, Esq., of Pachulski Stang
Zhiel Young Jones & Weintraub LLP represent the Official Committee
of Unsecured Creditors.  In its schedules of assets and
liabilities, the Davenport Diocese reported $4,492,809 in assets
and $1,650,439 in liabilities.  

Davenport's exclusive period to file a plan will expire on
Aug. 15, 2007.  Its exclusive period to solicit acceptances of
its plan will expire on Oct. 14, 2007.  (Catholic Church
Bankruptcy News, Issue No. 93; Bankruptcy Creditors' Service,
Inc., 215/945-7000).  

CATHOLIC CHURCH: Portland Files April 2007 Operating Report

                        Pastoral Center
               Archdiocese of Portland in Oregon
                Statement of Financial Position
                     As of April 30, 2007


Cash and cash equivalents                            $31,939,611
Accounts receivable, net                               1,749,283
Notes, estates and other receivables                  11,476,309
Loans receivable from Archdiocesan entities, net       5,644,945
Loans receivable from Archdiocesan housing entities      538,664
Interest receivable and other assets                     234,221
Inventories                                            1,782,164
Real Property                                            226,688
Deposits and prepaid expenses                             48,846
Known and future tort claims deposits                  6,121,500
Investments                                          106,374,727
Advances to Archdiocesan housing entities              1,531,500
Land, building, and equipment, net                     7,380,462
Total Assets                                        $175,048,920


     Accounts payable                                         -
     Accrued liabilities                             $2,172,196
     Funds held for others
        Second Collections                                  (12)
        Short-term investments payable               12,087,100
        Long-term pool investments payable           17,500,357
     Reserve for insurance claims                       655,227
     Notes payable                                   10,170,973
     Pre-need liability and reserve                     456,268
     Accrued post-retirement liability                7,607,264
  Total Prepetition Liabilities                      50,649,373
  Postpetition Liabilities
     Accounts payable                                   904,739
     Accrued liabilities                              9,507,620
     Funds held for others
        Second Collections                              305,952
        Short-term investments payable                5,125,720
        Long-term pool investments                    8,508,870
     Reserve for insurance claims                       460,647
     Notes payable                                    8,000,000
     Pre-need liability and reserve                      40,140
     Accrued post-retirement liability                  404,521
  Total Postpetition Liabilities                     33,258,209
    Total Liabilities                                83,907,582
Net Assets:
  Prepetition Net Assets:
     Charitable Trust Assets                         69,960,768
     Other Assets                                    (3,571,006)
  Total Prepetition Net Assets                       66,389,762
  Postpetition Net Assets:
     Charitable Trust Assets                         11,929,971
     Other Assets                                    12,821,605
  Total Postpetition Net Assets                      24,751,576
     Total Net Assets                                91,141,338
Total liabilities & net assets                     $175,048,920

                        Pastoral Center
               Archdiocese of Portland in Oregon
                    Statement of Activities
              For the month ending April 30, 2007

Revenues, gains and other support
  Annual Catholic Appeal income                          $3,781
  Gross profit on cemetery sales                         81,081
  Contributions, gifts, annuities and bequests       40,994,565
  Operating support - Oregon Catholic Press                   -
  Investment income and realized gains (losses),
     net of expenses                                  3,219,744
  Change in unrealized gains (losses)                  (103,748)
  Insurance premiums, net                                     -
  Interest income from loans                             31,896
  Parish assessments                                    260,689
  Other income                                           43,795
  Departmental revenues                                  57,419
  Net assets released from restrictions                       -
  Total revenues, gains, and other support           44,589,222
Expenses and program support:
  Program Services:
     Annual Catholic Appeal program support,
        grants and parish subsidies                     125,680
     Clergy Services                                     40,490
     Catholic Schools                                    28,862
     Pastoral Services                                   41,539
     Evangelization Services                             35,156
     Public Services                                      9,397
     Tribunal Services                                   18,114
     Deposit and loan interest                          217,024
     Insurance program                               43,038,127
     Cemetery operating expenses                         74,806
     High School grants/charitable annuities             14,582
     Other program expenses                             122,512
        Total program services                       43,766,289
  Supporting Services:
     Archbishop, Vicar General
        and Chancellor Services                          70,175
     Finance & Administration:
        Resource Development                             76,253
        Business Affairs                                 10,009
        Financial Services                               57,624
     Human Resources                                     26,926
     Shared Services                                     15,590
     Occupancy and physical plant expenses               11,494
     Designated funds expense                           (11,061)
     Bankruptcy expense                                 216,811
     Depreciation expense                                     -
        Total supporting services                       473,821
        Total expenses and program support           44,240,110
Increase (decrease) in net assets before
  transfers and designations of net assets              349,112

Fund transfers - in (out)                                     -
Designation of net assets                                     -
Increase (decrease) in net assets                       349,112

Net assets at beginning of year                      90,792,226
Net assets at end of year                           $91,141,338

               Archdiocese of Portland in Oregon
         Statement of Cash Receipts and Disbursements
              For the month ending April 30, 2007

Beginning Cash Balance:                             $31,781,980
  Transfers in                                       52,938,446
  Receipts Deposited                                 52,716,641
  Other (Return of Direct Deposits)                           -
  Other                                                       -
  Other (Interest Income)                                88,092
  Total Cash Receipts                               105,743,181

  Transfers out                                     (52,938,446)
  Disbursements by check or debit                   (52,642,664)
  Cash withdrawn                                              -
  Other (Service Charges)                                (4,328)
  Other (Misc Check Correction)                               -
  Other (NSF Checks)                                       (110)
  Other (Clear Interfund Rec/Pay)                             -
  Total Cash Disbursements                         (105,585,549)
Ending Cash Balance                                 $31,939,611

                   About Archdiocese of Portland

The Archdiocese of Portland in Oregon filed for chapter 11
protection (Bankr. Ore. Case No. 04-37154) on July 6, 2004.
Thomas W. Stilley, Esq., and William N. Stiles, Esq., at Sussman
Shank LLP, represent the Portland Archdiocese in its restructuring
efforts.  Albert N. Kennedy, Esq., at Tonkon Torp, LLP, represents
the Official Tort Claimants Committee in Portland, and scores of
abuse victims are represented by other lawyers.  David A. Foraker
serves as the Future Claimants Representative appointed in the
Archdiocese of Portland's Chapter 11 case.  In its Schedules of
Assets and Liabilities filed with the Court on July 30, 2004, the
Portland Archdiocese reports $19,251,558 in assets and
$373,015,566 in liabilities.

The Court approved the Debtor's disclosure statement explaining
its Second Amended Joint Plan of Reorganization on Feb. 27, 2007.
On April 17, 2007, the Court confirmed Portland's 3rd Amended
Plan.  (Catholic Church Bankruptcy News, Issue No. 93; Bankruptcy
Creditors' Service, Inc.,  

CATHOLIC CHURCH: San Diego Files March 2007 Operating Report

                     Diocese of San Diego
                Statement of Financial Position
                     As of March 31, 2007


Cash and cash equivalents                            $16,259,097
Funds on deposit with administrative offices:
  Restricted Perpetual Care Funds                              -
  Restricted funds on deposit                                  -
  Other funds on deposit                                       -
Marketable securities - restricted                    38,434,110
Marketable securities - unrestricted                           -
Accounts receivable, net of allowance                          -
  Parishes and School                                  1,274,888
  PSDL Trust                                              84,050
  Cemetery trade                                       4,413,889
  Tuition, fees and others                             1,508,883
  Juan Diego Trust                                       100,986
Notes and other receivables                               41,921
Planned gifts receivable                               5,357,998
Prepaid expenses                                           2,286
Inventory                                                 14,507
Loan to parishes, net                                          -
Pledges receivable, $450,429 allowance                 2,839,247
Demand note receivable - CSE                                   -
Revisionary Interest in CSE                           65,000,000
Property and equipment, net                           18,063,742
Other land and buildings, net                                  -
  Cemetery inventory - graves, crypts & niches         6,630,338
  Cemetery undeveloped land & outside property         1,365,793
  Mater Dei land and land improvements                13,819,408
  Mater Dei buildings                                 52,590,867
  Oceanside land and land improvements                 5,550,993
Other assets                                               3,264
Total Assets                                        $233,356,266


  Accounts payable and accrued liabilities            $1,706,225
  Special collections                                    232,191
  Accrued vacation                                       357,683
  Construction loan - ALSAM Foundation                38,620,000
  Payable to PSDL Trust                               23,128,490
  Funds on deposit:
     Parish and school funds & endowments                 75,349
     Perpetual Care Funds                                      -
     Restricted funds on deposit                               -
     Other diocesan entities funds                             -
  Reserve for worker's compensation claims             1,564,509
  Priest retirement plan liability                     1,917,729
  Planned gifts liability                              1,327,535
  Deferred revenue:
     Annual Catholic Appeal                                    -
     Cemetery                                          3,181,285
     Tuition and other fees                                    -
     Other                                                11,800
  Total liabilities                                  $72,122,795
Net Assets:
     Undesignated                                   $115,920,985
     Insurance reserve funds                           7,110,049
     Bishop's burse                                    1,310,878
     Designated funds                                    320,241
     Property and equipment                           16,610,280
  Total unrestricted                                141,272,435

  Temporarily restricted                             11,633,137
  Permanently restricted                              8,327,899
  Total net assets                                  161,233,471
  Total liabilities and net assets                 $233,356,266

                     Diocese of San Diego
                    Statement of Activities
              For the month ending March 31, 2007

Support and revenue:
  Parish assessments                                   $604,641
  Donations and fundraising                           1,000,766
  Investment income                                     605,021
  Interest and other income                              72,039
  Parish & employee insurance reserve funds, net        600,397
  Rental income                                          22,688
  Administrative fees                                    84,260
  Gain on sale of property                                    -
  Cemetery sales                                        356,064
  Tuition, net of tuition assistance                    357,007
  Student and other fees                                 53,506
  San Juan Diego English language center                      -
  Concessions/food service                               20,516
  Other                                                  20,785
Total support and revenue                             3,797,691

  Administrative                                        150,151
  Programs                                              207,893
  Cemetery cost of sales                                 48,752
  San Juan Diego English language center                      -
     Contributions and charitable programs               43,368
     Subsidies to parishes and schools                        -
     Interest expense
        Funds on deposit                                 49,887
        Other                                            27,620
     Depreciation                                        41,352
     Bad debt expense                                       912
     Recruiting, advertising & public relations               -
     Student related expenses                            56,454
     Concessions/food service                            15,138
     Athletics                                            4,418
     Development/special events                               -
     Operating expenses                                 787,735
     Chaplaincies and ministries                         49,601
     Assessments                                         22,536
     Professional fees                                        -
     Chapter 11 fees
        Legal fees                                            -
        UST fees                                              -
        Accounting fees                                       -
     Insurance                                                -
     Other                                               66,521
Total Expenses                                        1,572,338

  Funds released from restricted funds                  262,849
  Net change in designated funds                         (4,484)
Increase (decrease) in net assets                     1,966,988
Net assets:
   Beginning of month                               159,266,483
   End of month                                    $161,233,471

                     Diocese of San Diego
                Cash Receipts and Disbursement
              For the month ending March 31, 2007

Total receipts - prior general account reports                 -
Less: total disbursements                                      -
Beginning balance                                   $13,418,282

Receipts during current period:
  Transfers from main account                                 -
  Accounts receivable - pre-filing                    2,170,023
  Accounts receivable - post-filing                           -
  Accounts receivable - assessment pre-filing            88,719
  Accounts receivable - assessment post-filing          675,207
  Difference per reconciliation                        (140,812)
  Receipts - clearing                                         -
  Annual Catholic Appeal                              1,309,059
  Interest                                               15,382
  Dividends                                                 191
  Stock contribution                                          -
  Receipt from Service Recipient                         75,348
  Tribunal income                                        14,827
  Southern Cross income                                  17,063
  Programs and ministries                               580,905
  Registration and tuitions                             195,502
  Transfers from account                                 20,000
  Investment sales                                    1,123,408
  Unrealized gains                                            -
  Receipts - reimbursements and other                     7,532
  Unreconciled item                                      22,357
  Adjustment to be made to schedule                       2,156
  Receipts - major categories                                 -
Total receipts                                        6,176,871

Balance                                              19,595,153

Less: Total disbursements during current period
  Transfers diocese                                           -
  Transfers to other accounts                            20,113
  Transfers to Priest Health Account                     34,743
  Transfers to payroll account                          728,615
  Transfers out - IRS, State, 403Bs
     Internal Revenue Service                                 -
     Employment Development Department                        -
     Lincoln Alliance - 403B Withholding                      -
  Investment purchases                                        -
  Unreconciled item                                      21,955
  Bank fees and charges                                   6,057
  Adjustment to be made to scheduled balance            249,573
  Service Recipient disbursements from checking               -
  Conferences                                            36,687
  Dues/Fees                                              23,332
  Fundraising                                            15,723
  Health insurance and benefits                          40,713
  Health insurance claims paid                          992,796
  Liability insurance                                     4,813
  Maintenance/Repairs                                    58,118
  Medical reimbursements                                 11,793
  Ministries                                              7,620
  Miscellaneous                                          27,837
  Scholarships - Donations                                2,856
  Supplies                                                4,623
  Operations                                            234,182
  Payroll                                               221,936
  Postage                                                10,073
  Professional fees                                         522
  Printing                                               13,225
  Rent                                                   29,735
  Restricted                                             17,326
  Seminarian tuition                                     13,333
  Stipends/Services                                      47,689
  Utilities                                               5,319
Ending balance                                      $16,713,834

                    About Diocese of San Diego

The Roman Catholic Diocese of San Diego in California -- 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.  On March 27, 2007, the
Debtor filed its plan and disclosure statement.  (Catholic Church
Bankruptcy News, Issue No. 93; Bankruptcy Creditors' Service,
Inc., 215/945-7000).  

CATHOLIC CHURCH: Spokane Files April 2007 Operating Report

                  Catholic Diocese of Spokane
                         Balance Sheet
                      As of April 30, 2007

  Total Cash Accounts                                $3,379,546
  Total Transfer Account                                      -
  Total Investments                                   4,084,146
  Total Property                                        495,004
  Total Loans Receivable                              2,524,153
  Total Interfund Loan Receivable                       217,912
  Total Accounts Receivable                             110,812
  Total Land and Buildings & Equipment                2,120,834
  Total Prepaid Expenses                                141,368
Total Assets                                        $13,073,778


  Total Deposits Payable                             $8,248,398
  Total Interest Payable                                      -
  Total Accounts Payable                                 31,275

Total Long-term Liabilities                           9,269,297

Net Assets
  Total Unrestricted - Fund Balance                 (17,861,339)
  Total Unrestricted Net Assets                     (17,861,339)
  T.R. - Guse Grant Funds                               417,749
  T.R. - Bishop's School Grants Funds                    72,630
  T.R. - Bishop's Discretionary Funds                    65,681
  Total Replacement Fund                             10,659,342
  Total Diocesan D&L Funding                          2,176,115
  Total Guatemala Funds                                 550,688
  Temporarily Restricted                                      -
Total liabilities & net assets                      $13,073,778

                   Catholic Diocese of Spokane
                  Income and Expense Statement
               For the month ending April 30, 2007

Total Income                                           $554,648
Total Expenses                                          530,426
Net Excess or Deficit                                  ($24,221)

The Diocese of Spokane's Statement of Cash Receipts and
Disbursements for April 2007 shows that cash receipts for the
period total $851,902, while disbursements total $454,615.

                   About The Diocese of Spokane

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.  The Honorable Patricia C. Williams
approved the disclosure statement on March 8, 2007.  On April 24,
2007, the Court confirmed Spokane's 2nd Amended Joint Plan.
(Catholic Church Bankruptcy News, Issue No. 94; Bankruptcy
Creditors' Service, Inc.,  

DANA CORPORATION: Posts $170 Million Net Loss in April 2007

                       Dana Corporation
                    Condensed Balance Sheet
                     As of April 30, 2007


  Cash and cash equivalents                     $1,073,000,000
  Accounts receivable
     Trade                                       1,316,000,000
     Other                                         288,000,000
  Inventories                                      763,000,000
  Assets of discontinued operations                211,000,000
  Other current assets                             146,000,000
Total current assets                             3,797,000,000

Investments and other assets                     1,002,000,000
Investments in equity affiliates                   409,000,000
Property, plant and equipment, ne                1,734,000,000
TOTAL ASSETS                                    $6,942,000,000


  DIP financing                                   $900,000,000
  Notes payable                                     95,000,000
  Accounts payable                               1,049,000,000
  Liabilities of discontinued operations           136,000,000
  Other accrued liabilities                        766,000,000
Total current liabilities                        2,946,000,000

Liabilities subject to compromise                4,341,000,000
Deferred employee benefits
  and other noncurrent                             409,000,000
Long-term debt                                      14,000,000
Minority interest in consolidated subsidiaries      96,000,000
Total liabilities                                7,806,000,000
Shareholders' deficit                             (864,000,000)

                       Dana Corporation
               Condensed Statement of Operations
                  Month Ending April 30, 2007

Net sales                                         $690,000,000
Costs and expenses
  Cost of sales                                    660,000,000
  Selling, general & administrative expenses        25,000,000
  Realignment charges                              142,000,000
  Other income, net                                 17,000,000
Loss from operations                              (120,000,000)
Interest expense                                     7,000,000
Reorganization items, net                           12,000,000
Loss before income taxes                          (139,000,000)
Income tax expense                                  18,000,000
Minority interest expense                            1,000,000
Equity in earnings of affiliates                     1,000,000
Loss from continuing operations                   (157,000,000)
Loss from discontinued operations                  (13,000,000)
Net loss                                         ($170,000,000)

                       Dana Corporation
               Condensed Statement of Cash Flows
                  Month Ending April 30, 2007

Net loss                                          ($170,000,000)
Depreciation and amortization                        24,000,000
Loss on sale of businesses                                    0
Non-cash portion of U.K. pension charge              61,000,000
Increase in working capital                         (28,000,000)
Unremitted equity in earnings of affiliates          (1,000,000)
Other                                                 3,000,000
Net cash flows used for operating activities       (111,000,000)

Purchases of property, plant and equipment          (11,000,000)
Proceeds from sale of assets                          3,000,000
Other                                                (4,000,000)
Net cash flows provided by investing activities     (12,000,000)

Net change in short-term debt                        (1,000,000)
Proceeds from DIP Credit Agreement                            0
Net cash flows provided by financing activities      (1,000,000)

Net decrease in cash and cash equivalent           (124,000,000)
Cash and cash equivalents, beginning of period    1,197,000,000

Cash and cash equivalents, end of period         $1,073,000,000

                         About Dana Corp.

Toledo, Ohio-based Dana Corp. -- designs  
and manufactures products for every major vehicle producer in the
world, and supplies drivetrain, chassis, structural, and engine
technologies to those companies.  Dana employs 46,000 people in
28 countries.  Dana is focused on being an essential partner to
automotive, commercial, and off-highway vehicle customers, which
collectively produce more than 60 million vehicles annually.

The company and its affiliates filed for chapter 11 protection on
Mar. 3, 2006 (Bankr. S.D.N.Y. Case No. 06-10354).  As of Sept. 30,
2005, the Debtors listed $7,900,000,000 in total assets and
$6,800,000,000 in total debts.

Corinne Ball, Esq., and Richard H. Engman, Esq., at Jones Day, in
Manhattan and Heather Lennox, Esq., Jeffrey B. Ellman, Esq.,
Carl E. Black, Esq., and Ryan T. Routh, Esq., at Jones Day in
Cleveland, Ohio, represent the Debtors.  Henry S. Miller at
Miller Buckfire & Co., LLC, serves as the Debtors' financial
advisor and investment banker.  Ted Stenger from AlixPartners
serves as Dana's Chief Restructuring Officer.

Thomas Moers Mayer, Esq., at Kramer Levin Naftalis & Frankel LLP,
represents the Official Committee of Unsecured Creditors.  Fried,
Frank, Harris, Shriver & Jacobson, LLP serves as counsel to the
Official Committee of Equity Security Holders.  Stahl Cowen
Crowley, LLC serves as counsel to the Official Committee of
Non-Union Retirees.

The Debtors' exclusive period to file a plan expires on Sept. 3,
2007.  They have until Nov. 2, 2007, to solicit acceptances of
that plan.  (Dana Corporation Bankruptcy News, Issue No. 44;
Bankruptcy Creditors' Service Inc.,
or 215/945-7000).

DELPHI CORP: Posts $66 Million Net Loss in April 2007

                   Delphi Corporation, et al.
              Unaudited Consolidated Balance Sheet
                      As of April 30, 2007
                         (In Millions)


Current assets:
  Cash and cash equivalents                                $25
  Restricted cash                                          109
  Accounts receivable, net:
     General Motors and affiliates                       1,637
     Other third parties                                 1,086
     Non-Debtor affiliates                                 392
  Notes receivable from non-Debtor affiliates              355
  Inventories, net:
     Productive material, work-in-process & supplies       855
     Finished goods                                        281
  Other current assets                                     301
     TOTAL CURRENT ASSETS                                5,041

Long-term assets:
  Property, net                                          1,977
  Investment in affiliates                                 378
  Investments in non-Debtor affiliates                   3,509
  Goodwill                                                 152
  Other intangible assets                                   33
  Other                                                    318
     TOTAL LONG-TERM ASSETS                              6,367
TOTAL ASSETS                                           $11,408


Current liabilities not subject to compromise:
  Debtor-in-possession financing                        $3,070
  Accounts payable                                       1,347
  Accounts payable to non-Debtor affiliates                460
  Accrued liabilities                                      755
  TOTAL CURRENT LIABILITIES                              5,632

Long-term liabilities not subject to compromise:
  Employee benefit plan obligations and other              705

Liabilities subject to compromise                       17,614
  TOTAL LIABILITIES                                     23,951

Stockholders' deficit:
  Common stock                                               6
  Additional paid-in capital                             2,773
  Accumulated deficit                                  (12,510)
  Accumulated other comprehensive loss                  (2,760)
  Treasury stock, at cost (3.2 million shares)             (52)
  TOTAL STOCKHOLDERS' DEFICIT                          (12,543)

                   Delphi Corporation, et al.
         Unaudited Consolidated Statement of Operations
                   Month Ended April 30, 2007
                         (In Millions)

Net sales:
  General Motors and affiliates                           $730
  Other customers                                          541
  Non-Debtor affiliates                                     51
Total net sales                                          1,322
Operating expenses:
  Cost of sales                                          1,303
  Long-lived asset impairment charges                        -
  Depreciation and amortization                             42
  Selling, general and administrative                       79
Total operating expenses                                 1,424
Operating loss                                            (102)

Interest expense                                           (24)
Loss on extinguishment of debt                               -
Other income, net                                            1

Reorganization items                                       (13)
Income tax benefit (expense)                                 -
Equity income from non-consolidated affiliates               4
Equity income from non-Debtor affiliates                    68
NET LOSS                                                  ($66)

                   Delphi Corporation, et al.
         Unaudited Consolidated Statement of Cash Flows
                   Month Ended April 30, 2007
                         (In Millions)

Cash flows from operating activities:
  Net loss                                                ($66)
  Adjustments to reconcile net loss
   to net cash provided by operating activities:
   Depreciation and amortization                            42
   Pension and other postretirement benefit expenses        79
   Equity income from unconsolidated affiliates             (4)
   Equity income from non-Debtor affiliates                (68)
   Reorganization items                                     13
  Changes in operating assets and liabilities:
   Accounts receivable, net                                (26)
   Inventories, net                                          
   Other assets                                             (7)
   Accounts payable, accrued and other long-term debt       43
   U.S. employee special attrition program                 (14)
   Pension contributions                                   (50)
   Other postretirement benefit payments                   (20)
   Payments for reorganization items                          
   Other                                                    20
Net cash used in operating activities                      (74)

Cash flows from investing activities:
  Capital expenditures                                     (13)
  Proceeds from sale of property                             2
Net cash used in investing activities                      (11)

Cash flows from financing activities:
  Net repayments of borrowings under DIP facility           (2)
  Net repayments of borrowings under other debt pacts       (1)
Net cash used in financing activities                       (3)
Decrease in cash and cash equivalents                      (88)
Cash and cash equivalents at beginning of period           113
Cash and cash equivalents at end of period                 $25

                     About Delphi Corporation

Headquartered in Troy, Michigan, Delphi Corporation (OTC: DPHIQ) -
- is the single largest global supplier  
of vehicle electronics, transportation components, integrated
system 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.  

The Debtors' exclusive plan-filing period expires on July 31,
2007. (Delphi Corporation Bankruptcy News, Issue No. 71;
Bankruptcy Creditors' Service Inc.,
or 215/945-7000).

DURA AUTOMOTIVE: Posts $14.4 Million Net Loss in April 2007   

       Dura Automotive Systems, Inc., and Subsidiaries
       Condensed Unaudited Consolidated Balance Sheet
                      As of April 29, 2007
                    (Dollars in thousands)


Current assets:
Cash and cash equivalents                            $16,895
Accounts receivable, net
    Trade                                             149,715
    Other                                              17,426
    Non-Debtor subsidiaries                            26,576
Inventories                                           78,581
Other current assets                                  40,181
    Total current assets                              329,374

Property, plant and equipment, net                    170,385
Goodwill, net                                         249,927
Notes receivable from Non-Debtors subsidiaries        184,109
Investment in Non-Debtors subsidiaries                790,647
Other noncurrent assets                                25,955
Total Assets                                       $1,750,397


Current liabilities:
Debtors-in-possession financing                    $219,112
Accounts payable                                     49,564
Accounts payable to Non-Debtors subsidiaries            832
Accrued Liabilities                                  91,736
    Total current liabilities                        361,244
Long-term Liabilities:
Notes Payable to Non-Debtors subsidiaries             8,858
Other noncurrent liabilities                         55,157
Liabilities Subject to Compromise                  1,316,161
Total Liabilities                                  1,741,420

Stockholders' Investment                               8,977
Total Liabilities and Stockholders' Investment    $1,750,397

      Dura Automotive Systems, Inc., and Subsidiaries
Condensed Unaudited Consolidated Statement of Operations
           For the Four Weeks Ended April 29, 2007
                    (Dollars in thousands)

Total sales                                           $82,045
Cost of sales                                          81,646
Gross (loss) profit                                       399

Selling, general and administrative expenses            6,934
Facility consolidation, asset impairment
and other charges                                      1,090
Amortization expense                                       34
Operating (loss) income                                (7,659)

Interest expense, net                                   3,378
Loss before reorganization items and income taxes     (11,037)

Reorganization items                                    3,386
Income before income taxes                            (14,423)

Provision for income taxes                                 17
Net Income (Loss)                                    ($14,440)

      Dura Automotive Systems, Inc., and Subsidiaries
Condensed Unaudited Consolidated Statements of Cash Flows
          For the Four Weeks Ended April 29, 2007
                    (Dollars in thousands)

Operating Activities:
Net Income (loss)
Adjustments to reconcile net loss to net cash used
in operations activities:                           ($14,440)
    Depreciation, amortization & asset impairment       2,659
    Amortization of deferred financing fees               682
    Bad debts                                             116
    Reorganization items                                3,386
Changes in other operating items:
Accounts receivable                                   (6,318)
Inventories                                            2,215
Other current assets                                     388
Noncurrent assets                                       (145)
Accounts payable                                       3,922
Accrued liabilities                                   (4,847)
Noncurrent liabilities                                  (698)
Current intercompany transactions                         23
Net cash provided by operating activities             (13,057)

Investing Activities:
Purchases of property, plant & equipment                 (740)
Net cash (used in) provided by
  investing activities                                   (740)

Financing Activities:
DIP borrowings                                        25,973
Payments on prepetition debt                            (296)
Net cash used in financing activities                  25,677

Net Increase (Decrease) in Cash & Equivalents          11,880

Cash & Cash Equivalent, Beginning Balance               5,015
Cash & Cash Equivalent, Ending Balance                $16,895

                   About DURA Automotive Systems

Headquartered in Rochester Hills, Mich., DURA Automotive Systems
Inc. (Nasdaq: DRRA) -- 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.

The Debtors' exclusive plan-filing period expires on May 23, 2007.
(Dura Automotive Bankruptcy News, Issue No. 20; Bankruptcy
Creditors' Service, Inc.,
or 215/945-7000).

HANCOCK FABRICS: Files Operating Report For Period Ended May 5
In compliance with the U.S. Trustee's Operating Guidelines and
Financial Reporting Requirements for Chapter 11 cases, Hancock
Fabrics, Inc., and its debtor-affiliates filed with the Court
their first monthly operating report, covering the portion of the
company's first fiscal quarter from the Petition Date of March 21,
2007, to May 5, 2007.

Larry D. Fair, Hancock's Vice President - Finance (Principal
Financial and Accounting Officer), disclosed in a regulatory
filing with the Securities and Exchange Commission that the
Monthly Operating Report contains financial information that has
not been audited or reviewed by an independent registered public
accounting firm.  He added that the financial statements do not
include all of the information and footnotes required by
generally accepted accounting principles for complete financial

Hancock cautions investors and others not to place undue reliance
on the information included in the financial statements and in
the Monthly Operating Report.  The financial statements and
information should not be used as a basis for making an
investment decision regarding Hancock's securities, Mr. Fair

Hancock anticipates releasing financial information for the full
fiscal quarter, beginning February 4, 2007, and ended May 5,
2007, in the near future.

                        HANCOCK FABRICS INC.
                     Consolidated Balance Sheet

                                        As of         As of
                                   Mar. 20, 2007   May 5, 2007
                                   -------------   -----------
Current assets:
Cash and cash equivalents              $9,763,000    $4,526,000
Receivables, less allowance for
  doubtful accounts                     2,659,000     5,956,000
Inventories                           113,591,000    91,739,000
Income taxes refundable                 7,166,000     7,116,000
Prepaid expenses                        1,346,000     1,073,000
                                    -------------   -----------
Total current assets                  134,473,000   110,410,000
                                    -------------   -----------
Property and equipment,
  at depreciated cost                  50,393,000    49,424,000
Other assets                           14,937,000    16,207,000
                                    -------------   -----------
Total assets                         $199,803,000  $176,041,000
                                    =============   ===========

Liabilities and Shareholders' Equity
Liabilities not subject to compromise:
Accounts payable                               $0   $10,269,000
Credit facility: DIP financing         53,021,000    15,893,000
Accrued liabilities                       651,000     2,368,000
Deferred tax liabilities                7,152,000     7,152,000
                                    -------------   -----------
Liabilities subject to compromise:
Accounts payable                       33,584,000    29,599,000
Accrued liabilities                    16,598,000    19,364,000
Long-term lease financing
  obligations                           4,011,000     4,004,000
Capital lease obligations               1,731,000     1,728,000
Postretirement benefits other than
  pensions                              9,216,000     9,276,000
Pension and SERP liabilities            8,281,000     8,403,000
Other liabilities                      10,663,000     9,871,000
                                    -------------   -----------
Total liabilities                    $144,908,000  $117,927,000
                                    -------------   -----------
Total shareholders' equity             54,895,000    58,114,000
                                    -------------   -----------
Total liabilities and shareholders'
  equity                            $199,803,000  $176,041,000
                                    =============   ===========

                     HANCOCK FABRICS, INC.
             Consolidated Statement of Operations
            For the Period March 21 to May 5, 2007

Sales                                               $65,839,000
Cost of goods sold                                   35,032,000
Gross profit                                         30,808,000

Selling, general and administrative expense          21,274,000
Depreciation and amortization                           465,000
Operating income                                      9,069,000
Reorganization expenses                               5,340,000
Interest expense, net                                   673,000

Earnings before income taxes                          3,056,000
Income taxes                                                  0
Net earnings                                         $3,056,000

                     HANCOCK FABRICS, INC.
             Consolidated Statement of Cash Flows
            For the Period March 21 to May 5, 2007

Cash flows from operating activities:
Net earnings                                        $3,056,000
Adjustments to reconcile net earnings to
  cash flows used in operating activities
  Depreciation and amortization                      1,989,000
  Amortization of deferred loan costs                  148,000
  LIFO charge (credit)                              (7,050,000)
  Reserve for store closings credits                 1,677,000
  Reserve for obsolete inventory                       (25,000)
  Reserve for sales returns and bad debts              (81,000)
  Stepped rent accrual                                 (30,000)
  Loss on disposition of property and equipment        210,000
  Stock compensation expense                           281,000
(Increase) decrease in assets         
  Receivables and prepaid expenses                  (3,024,000)
  Inventory at current cost                         27,770,000
  Income tax refundable                                      0
  Other noncurrent assets                           (1,418,000)
Increase (decrease) in liabilities
  Accounts payable                                   6,284,000
  Accrued liabilities                                2,505,000
  Income taxes payable                                       0
  Postretirement benefits other than pensions         (163,000)
  Long-term pension and SERP liabilities               245,000
  Reserve for store closings                           (77,000)
  Other liabilities                                   (269,000)
Net cash used in operating activities              $32,028,000
Cash flows from investing activities:
  Additions to property and equipment                (598,000)
  Proceeds from disposition of property
     and equipment                                     489,000
Net cash used in investing activities                 (109,000)
Cash flows from financing activities:
  Net borrowings on revolving credit agreement     (37,128,000)
  Payments for lease financing                          (7,000)
  Payments for capital leases                           (2,000)
  Tax obligation settled with treasury stock           (19,000)
Net cash provided by financing activities          (37,156,000)
Decrease in cash and cash equivalents               (5,237,000)
Cash and cash equivalents:
  Beginning of period                                9,763,000
  End of period                                     $4,526,000

                      About Hancock Fabrics

Headquartered in Baldwyn, Miss., Hancock Fabrics Inc. (OTC: HKFIQ)
-- is a specialty retailer of a  
wide selection of fashion and home decorating textiles, sewing
accessories, needlecraft supplies and sewing machines.  Hancock
Fabrics is one of the largest fabric retailers in the United
States, currently operating approximately 400 retail stores in
approximately 40 states.  The company employs approximately 7,500
people on a full-time and part-time basis.  Most of the company's
employees work in its retail stores, or in field management to
support its retail stores.

The company and 6 of its debtor-affiliates filed for chapter 11
protection on March 21, 2007 (Bankr. D. Del. Lead Case No.
07-10353).  Robert J. Dehney, Esq., at Morris, Nichols, Arsht &
Tunnell, represent the Debtors.  When the Debtors filed for
protection from their creditors, they listed $241,873,900 in total
assets and 161,412,000 in total liabilities.

The Debtors exclusive period to file a chapter 11 plan expires on
July 19, 2007.  (Hancock Fabric Bankruptcy News, Issue No. 10, 215/945-7000).  

SAINT VINCENTS: Files April 2007 Monthly Operating Report

                         SVCMC Debtors
             Unaudited Consolidated Balance Sheet
                      As of April 30, 2007

Cash & Cash Equivalents                             $15,820,333
Investments                                                   -
Patients Accounts Receivable, less allowance for
  doubtful accounts                                  62,304,178
Accounts Receivable                                  43,168,847
Other Current Assets                                 20,362,637
Assets Held for Sale                                 11,148,299
  Total Current Assets                              152,804,294

Depreciation Reserve Funds & Collaterized Assets      7,396,131
Assets Designated for Self-Insurance
  Investments at Market                              48,367,030
Assets whose use is limited -
  Investments at Market                              60,879,565
Other Non-Current Assets                             17,958,402

Land, Buildings & Equipment, net of
  Accumulated Depreciation                          116,965,447
   Total Assets                                    $404,370,869

Liabilities Not Subject to Compromise:
  Long-term Debt                                    $91,593,051
  Long-term Debt (GE)                                94,852,842
  Accounts Payables & Accrued Expenses              110,390,538
  Accrued Salaries & Payroll Taxes Withheld          36,772,747
  Estimated Retroactive Payables                     91,528,925
  Other Non-current Liabilities                      13,941,642
  Total Liabilities Not Subject to Compromise       439,079,745

Liabilities Subject to Compromise:
  Liabilities Subject to Compromise                 470,852,005
  Total Liabilities Subject to Compromise           470,852,005
  Total Liabilities                                 909,931,750

Net Assets:
  Unrestricted                                     (573,278,530)
  Temporarily Restricted                             42,172,702
  Permanently Restricted                             25,544,947
  Total Net Assets                                 (505,560,881)
  Total Liabilities & Net Assets                   $404,370,869

                         SVCMC Debtors
            Unaudited Consolidated Income Statement
                  From April 1 to 30, 2007

Operating Revenue
  Inpatient                                         $31,459,157
  Outpatient                                         18,334,399
     Patient Service Revenue                         49,793,556
  Less Provision for Bad Debt                         2,276,911
     Net Patient Service Revenue                     47,516,645
  Pool Revenue                                        1,498,655
  Capitation                                          7,453,374
  Other                                               8,199,190
  Total Operating Revenue                            64,667,864

Operating Expenses:
  Salaries and Wages                                 24,526,519
  Fringe Benefits                                     6,512,168
  Supplies and Other                                 27,395,480
  Insurance                                           1,683,631
  Total Direct Operating Costs                       60,117,798

  Salaries and Wages                                          0
  Fringe Benefits                                             0
  Supplies and Other                                          0
  Total Corporate Allocated                           1,440,001
  Total Operating Expense                            61,557,799
Interest                                              2,185,955
Depreciation                                          1,532,231
  Operating Gain (Loss) Before
     Non-Recurring and/or Unusual Items                (608,121)

Non-Recurring and/or Unusual Items:
  Discontinued Operations (St. Mary's)                        0
  St. Mary's Op Pac Rate Adjustment                           0
  ZBEC/HFE Recoveries                                         0
  Restructuring & Bankruptcy Related Costs           (2,523,557)
  Estimated Close-out of St. Mary's                           0
  Hanys Investment Income (SFS INS)                           0
  Prior Period Ambulance Revenue                              0
  Transfer of Equity Foundation                               0
  Total Non-Recurring and/or Unusual Items           (2,523,557)
  Operating Gain (Loss) After
     Non-Recurring and/or Unusual Items              (3,131,678)
Non-Operating Revenue                                 7,923,825
Change in Temporary Restricted Net Assets               568,725
  Change in Net Assets                               $5,360,872
  EBITDA                                             $3,110,065

                         SVCMC Debtors
               Unaudited Statement of Cash Flows
                    From April 1 to 30, 2007

Cash Flows from Operation Activities:
  Changes in Net Assets                              $5,360,872

Adjustments to Reconcile Changes in Net Assets
  to Net Cash Provided by Operating Activities:
  Depreciation & Amortization                         1,532,231
  Change in Unrealized Gains & Losses                (1,275,847)
  Change in Patient's Accounts Receivable             6,286,687
  Change in Accounts Receivables, Other              (1,860,246)
  Change in Prepaid Expenses & Other                  1,314,408
  Change in Other Non-Current Assets                  8,348,426
  Change in Accounts Payable &
     Accrued Exp-Prepetition                                  0
  Change in Accounts Payable &
     Accrued Exp-Postpetition                        (5,961,286)
  Change in Accrued Salaries & P/R Taxes              1,136,288
  Change in Est. Retro rec/pay
     from/to third parties                            2,785,556
  Change in Est. Liability for self-insurance                 0
  Change in Other Non-Current Liabilities            (5,994,686)
  Net Cash Provided by Operating Activities          11,672,403

Cash flows From Investment Activities:
  Sale of Investments, Net                               20,114
  Sale of Assets Whose Use is Limited                (1,408,016)
  Acquisition/Sale of Land, Building,
     & Equipment                                     (1,362,662)
  Net Cash Provided by Investing Activities          (2,750,564)

Cash flows From Financing Activities:
  Proceeds/Repayment From/of Working Capital Loa              0
  Proceed from issuance of Long-term debt                     0
  Repayment of Long-term debt                        (4,305,291)
  Net Cash (Used) in Financing Activities            (4,305,291)

  Net Increase (Decrease)
     in Cash & Cash Equivalents                       4,616,548

  Cash & Cash Equivalents at Beginning of Month      11,203,785
  Cash & Cash Equivalents at End of the Month       $15,820,333

                       About Saint Vincents

Based in New York City, Saint Vincents Catholic Medical Centers of
New York -- the healthcare provider in   
New York State, operates hospitals, health centers, nursing homes
and a home health agency.  The hospital group consists of seven
hospitals located throughout Brooklyn, Queens, Manhattan, and
Staten Island, along with four nursing homes and a home health
care agency.  

The company and six of its affiliates filed for chapter 11
protection on July 5, 2005 (Bankr. S.D.N.Y. Case No. 05-14945
through 05-14951).  Gary Ravert, Esq., and Stephen B. Selbst,
Esq., at McDermott Will & Emery, LLP, filed the Debtors' chapter
11 cases.  On Sept. 12, 2005, John J. Rapisardi, Esq., at Weil,
Gotshal & Manges LLP took over representing the Debtors in their
restructuring efforts.  Martin G. Bunin, Esq., at Thelen Reid &
Priest LLP, represents the Official Committee of Unsecured
Creditors.  As of Apr. 30, 2005, the Debtors listed $972 million
in total assets and $1 billion in total debts.  

The Debtors filed their Chapter 11 Plan of Reorganization
accompanying a disclosure statement explaining that Plan on
Feb. 9, 2007.  On June 1, 2007, the Debtors filed an Amended Plan
& Disclosure Statement.

(Saint Vincent Bankruptcy News, Issue No. 55  Bankruptcy
Creditors' Service Inc.,
or 215/945-7000)

SOLUTIA INC: Files April 2007 Monthly Operating Report

                 Solutia Chapter 11 Debtors
             Unaudited Statement of Consolidated
                     Financial Position
                    As of April 30, 2007


Cash                                                $13,000,000
Trade Receivables, net                              212,000,000
Account Receivables-Unconsolidated Subsidiaries      66,000,000
Inventories                                         198,000,000
Other Current Assets                                238,000,000
Total Current Assets                                727,000,000

Property, Plant and Equipment, net                  656,000,000
Investments in Subsidiaries and Affiliates          576,000,000
Intangible Assets, net                              100,000,000
Other Assets                                         59,000,000
Total Assets                                     $2,118,000,000


Accounts Payable                                   $205,000,000
Short Term Debt                                     975,000,000
Other Current Liabilities                           151,000,000
Total Current Liabilities                         1,331,000,000

Other Long-Term Liabilities                         191,000,000
Total Liabilities not Subject to Compromise       1,522,000,000

Liabilities Subject to Compromise                 1,902,000,000

Shareholders' Deficit                            (1,306,000,000)
Total Liabilities & Shareholders' Deficit        $2,118,000,000

                 Solutia Chapter 11 Debtors
       Unaudited Consolidated Statement of Operations
             For the Month Ended April 30, 2007

Total Net Sales                                    $223,000,000
Total Cost Of Goods Sold                            196,000,000
Gross Profit                                         27,000,000

Total MAT Expense                                    19,000,000
Operating Income (Loss)                               8,000,000

Equity Earnings from Affiliates                       3,000,000
Interest Expense, net                                (9,000,000)
Other Income, net                                     4,000,000

Reorganization Items:
Professional fees                                    (6,000,000)
Employee severance and retention costs                        0
Other                                                         0
Loss Before Taxes                                             0

Income tax expense (benefit)                                  0
Net Loss                                                     $0

                        About Solutia Inc.

Headquartered in St. Louis, Mo., Solutia Inc. (OTCBB:SOLUQ)
-- and its subsidiaries, engage in the   
manufacture and sale of chemical-based materials, which are used
in consumer and industrial applications worldwide.  The company
and 15 debtor-affiliates filed for chapter 11 protection on

Dec. 17, 2003 (Bankr. S.D.N.Y. Case No. 03-17949).  When the
Debtors filed for protection from their creditors, they listed
$2,854,000,000 in assets and $3,223,000,000 in debts.  

Solutia is represented by Allen E. Grimes, III, Esq., at Dinsmore
& Shohl, LLP and Conor D. Reilly, Esq., at Gibson, Dunn &
Crutcher, LLP.  Trumbull Group LLC is the Debtor's claims and
noticing agent.  Daniel H. Golden, Esq., Ira S. Dizengoff, Esq.,
and Russel J. Reid, Esq., at Akin Gump Strauss Hauer & Feld LLP
represent the Official Committee of Unsecured Creditors, and
Derron S. Slonecker at Houlihan Lokey Howard & Zukin Capital
provides the Creditors' Committee with financial advice.  (Solutia
Bankruptcy News, Issue No. 88; Bankruptcy Creditors' Service
Inc., 215/945-7000).  

The Debtors' exclusive period to file a plan expires on July 30,

TOWER AUTOMOTIVE: Posts $22.2 Million Net Loss in April 2007

                     Tower Automotive, Inc.
             Unaudited Consolidated Balance Sheets
                      As of April 30, 2007
                     (Amounts in thousands)

Current Assets:
Cash and cash equivalents                                  $961
Accounts Receivable                                     120,798
Inventories                                              41,632
Prepaid tooling and other                                24,136
Total current assets                                    187,527

Property, plant and equipment, net                      453,128
Investment in and advances to affiliates                800,413
Other assets, net                                        20,936
Total assets                                         $1,462,004

Current Liabilities Not Subject to Compromise:
Current maturities of long-term debt and capital
lease obligations                                            $-
Current maturities of debtor-in-possession borrowings   661,500
Accounts payable                                        109,587
Accrued liabilities                                      92,219
Total current liabilities                               863,306

Liabilities subject to compromise:                    1,298,954

Non-Current Liabilities Not Subject to Compromise:
Long-term debt, net of current maturities               84,751
Other noncurrent liabilities                             31,081
Total liabilities                                     2,278,092
Stockholders' Deficit                                  (816,088)
Total liabilities and stockholders' deficit:         $1,462,004

                     Tower Automotive, Inc.
               Unaudited Statement of Operations
               For the Month Ended April 30, 2007
                     (Amounts in thousands)

Revenues                                                 91,505
Cost of sales                                            83,793
  Gross Profit                                            7,712

Selling, general and administrative expenses              5,331
Restructuring and asset impairment charges, net          14,030
Other operating income                                      379
Operating loss (loss)                                   (12,028)

Interest expense                                          8,629
Interest income                                             (59)
Intercompany interest (income)/expense                   (2,772)
Chapter 11 and related reorganization items               4,168
Income (loss) before provision for income taxes,
     equity in earnings of joint ventures, and
     minority interest                                  (21,994)
Provision (benefit) for income taxes                        255
Income (loss) before equity in earnings of
joint ventures                                          (22,249)
Equity in earnings of joint ventures, net of tax            (26)
Net income (loss)                                      ($22,275)

                     Tower Automotive, Inc.
        Unaudited Consolidated Statements of Cash Flows
               For the Month Ended April 30, 2007
                     (Amounts in thousands)

Operating Activities:
Net loss                                               ($22,275)
Adjustments required to reconcile net loss
to net cash provided by (used in)
operating activities:
Chapter 11 and related reorganization items, net          2,463
Restructuring and asset impairment, net                  14,113
Depreciation                                              6,307
Equity in earnings of joint ventures, net                    26
Change in working capital and other operating items      (9,303)
Net cash provided by (used in) operating activities      (8,669)

Investing Activities:
Cash disbursed for purchase of property,
plant and equipment                                      (5,886)
Net cash used for investing activities                   (5,886)

Financing Activities:
Proceeds from non-Debtor in possession borrowings             -
Repayments of non-Debtor in possession borrowings             -
Borrowings from DIP credit facility                      43,500
Repayment of borrowings from DIP credit facility        (35,900)
Net cash provided by (used in) financing activities       7,600
Net change in cash and cash equivalents:                 (6,955)

Cash and Cash Equivalents, beginning of period            7,916

Cash and Cash Equivalents, end of period                   $961

                      About Tower Automotive

Headquartered in Grand Rapids, Mich., Tower Automotive Inc.
-- 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 has operations in Korea, Spain and

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.  The Debtors' exclusive period to file a chapter 11 plan
expired today, May 3.  (Tower Automotive Bankruptcy News, Issue
No. 64; Bankruptcy Creditors' Service Inc., 215/945-7000)

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

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

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

On Thursdays, the TCR delivers a list of recently filed chapter 11
cases involving less than $1,000,000 in assets and liabilities
delivered to nation's bankruptcy courts.  The list includes links
to freely downloadable images of these small-dollar petitions in
Acrobat PDF format.

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

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

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


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

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Marie Therese V. Profetana, Shimero R. Jainga, Ronald C. Sy,
Joel Anthony G. Lopez, Cecil R. Villacampa, Jason A. Nieva,
Melanie C. Pador, Ludivino Q. Climaco, Jr., Loyda I. Nartatez,
Tara Marie A. Martin, John Paul C. Canonigo, Sheena Jusay, and
Peter A. Chapman, Editors.

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

This material is copyrighted and any commercial use, resale or
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herein is obtained from sources believed to be reliable, but is
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The TCR subscription rate is $775 for 6 months delivered via e-
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