TCR_Public/070804.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, August 4, 2007, Vol. 11, No. 183

                             Headlines

ALLIED HOLDINGS: Posts $8,184,000 Net Loss in May 2007
COLLINS & AIKMAN: Posts $29,666,369 Net Loss in June 2007
DELPHI CORP: Incurs $330 Million Net Loss in June 2007
PACIFIC LUMBER: Scotia Dev't, et al. File June Operating Report
PACIFIC LUMBER: Scotia Pacific Files June Operating Report

SEA CONTAINERS: Posts $24,361,619 Net Loss in May 2007
TWEETER HOME: Sound Advice Files Schedules of Assets and Debts
TWEETER HOME: SA-Arizona Files Schedules of Assets and Debts
TWEETER HOME: New England Files Schedules of Assets and Debts
TWEETER HOME: NEA Delaware Files Schedules of Assets and Debts

TWEETER HOME: Sumarc Electronics Files Schedules of Assets & Debts
TWEETER HOME: THEG USA Files Schedules of Assets and Liabilities
TWEETER HOME: Hillcrest High Files Schedules of Assets & Debts

                             *********

ALLIED HOLDINGS: Posts $8,184,000 Net Loss in May 2007
------------------------------------------------------

                     Allied Holdings, Inc.
             Unaudited Consolidated Balance Sheet
                       As of May 31, 2007
                        (In Thousands)

                            Assets

Current Assets:
       Cash and cash equivalents                        $34,128
       Receivables, net of allowances                    44,574
       Related party receivables                         27,617
       Inventories                                        5,038
       Deferred income taxes                              1,907
       Prepayments and other current assets              14,869
                                                      ---------
          Total current assets                          128,133

Property and equipment, net                             149,621
Goodwill, net                                             3,545
Other noncurrent assets                                  31,424
Investment in related parties                            21,526
                                                      ---------
TOTAL ASSETS                                           $334,249
                                                      =========

Liabilities and Stockholders' Deficit

Current liabilities not subject to compromise:
        DIP credit facility                              $1,800
        Accounts and notes payable                       41,610
        Accrued liabilities                              58,448
                                                      ---------
          Total current liabilities                     100,858

Long-term liabilities not subject to compromise
        DIP credit facility                             227,700
        Postretirement benefits                          14,244
        Deferred income taxes                             1,926
        Other long-term liabilities                      15,957
                                                      ---------
          Total long-term liabilities                   259,827

Liabilities subject to compromise                       198,210
Stockholders' deficit                                  (225,646)
                                                      ---------
       Total liabilities & stockholders' deficit       $334,249
                                                      =========

                     Allied Holdings, Inc.
        Unaudited Consolidated Statement of Operations
              For the Month Ended May 31, 2007
                        (In Thousands)

Revenues                                                $77,390

Operating Expenses
       Salaries, Wages & Fringe benefits                 38,368
       Operating supplies & expenses                     16,262
       Purchased transportation                           8,954
       Insurance & claims                                 3,994
       Operating tax & licenses                           2,362
       Depreciation & amortization                        3,042
       Rents                                                693
       Communications & utilities                           460
       Other operating expenses                             756
       Loss on disposal of operating assets, net             35
                                                      ---------
          Total Operating Expenses                       74,926
                                                      ---------
          Operating Income (Loss)                         2,464

Other Income (Expense)
       Interest expense                                  (3,844)
       Investment income                                    113
       Foreign exchange gains, net                        1,765
       Equity in earnings of subsidiaries                   736
                                                      ---------
                                                         (1,230)
                                                      ---------
Income before reorganization items and income taxes       1,234
Reorganization items                                     (9,418)
                                                      ---------
Loss before income taxes                                 (8,184)
Income tax benefit                                            -
                                                      ---------
NET LOSS                                                ($8,184)
                                                      =========

The Debtors disclose cash disbursements totaling $13,505,381
during May 2007.

Based in Decatur, Georgia, Allied Holdings Inc. (AMEX: AHI, other
OTC: AHIZQ.PK) -- http://www.alliedholdings.com/-- and its   
affiliates provide short-haul services for original equipment
manufacturers and provide logistical services.  The company and 22
of its affiliates filed for chapter 11 protection on July 31, 2005
(Bankr. N.D. Ga. Case Nos. 05-12515 through 05-12537).  Jeffrey W.
Kelley, Esq., at Troutman Sanders, LLP, represented the Debtors in
their restructuring efforts.  Henry S. Miller at Miller Buckfire &
Co., LLC, served as the Debtors' financial advisor.  Anthony J.
Smits, Esq., at Bingham McCutchen LLP, provided the Official
Committee of Unsecured Creditors with legal advice and Russell A.
Belinsky at Chanin Capital Partners, LLC, provided financial
advisory services to the Committee.  When the Debtors filed for
protection from their creditors, they estimated more than
$100 million in assets and debts.  

On May 11, 2007, the Court confirmed Allied's Second Amended
Chapter 11 Plan of Reorganization.  Allied emerged from
bankruptcy on May 29, 2007.  (Allied Holdings Bankruptcy
News, Issue No. 54; Bankruptcy Creditors' Service, Inc.
http://bankrupt.com/newsstand/or 215/945-7000)   

                         *     *     *

As of April 30, 2007, Allied Holdings Inc.'s Consolidated Balance
Sheet showed $217,379,000 in total stockholders' deficit resulting
from total assets of $309,931,000 and total liabilities of         
$527,310,000.


COLLINS & AIKMAN: Posts $29,666,369 Net Loss in June 2007
---------------------------------------------------------

                   Collins & Aikman Corporation
                          Balance Sheet
                       As of June 30, 2007

                              ASSETS

Cash                                                $233,183,256
Accounts receivable-trade, net                       122,896,342
Other non-trade receivables                            8,960,523
Inventories, net                                      25,681,076
Tooling and molding, net-current                      30,491,000
Prepaids & other current assets                       35,299,619
Deferred tax assets-current                                    0
                                                 ---------------
TOTAL CURRENT ASSETS                                 456,511,816

Investments in subsidiaries                        2,479,293,518
Fixed assets, net                                    226,832,068
Goodwill, net                                         59,622,121
Deferred tax assets-long term                                  0
Tooling and molding, net-long term                     3,135,210
Other noncurrent assets                               27,986,162
Intercompany accounts – net                           65,587,515
Prepetition intercompany – net                       678,110,577
                                                 ---------------
TOTAL ASSETS                                      $3,997,078,987
                                                 ===============

                       LIABILITIES & EQUITY

Notes payable                                                 $0
Short term borrowings                                          0
Advance on receivables                                         0
Current portion-long term debt                       110,981,044
Current portion-capital leases                                 0
Accounts payable                                      42,301,747
Accrued interest payable                              85,431,984
Accrued & other liabilities                           93,634,893
Income taxes payable                                   2,879,607
                                                 ---------------
Total current liabilities                            335,229,274

Liabilities subject to compromise                  2,416,330,743
Deferred income taxes                                 30,472,400
                                                 ---------------
Total liabilities                                  2,782,032,417

Total equity                                       1,215,046,570
                                                 ---------------
TOTAL LIABILITIES & EQUITY                        $3,997,078,987
                                                 ===============



                  Collins & Aikman Corporation
                        Income Statement
                   Month Ending June 30, 2007

Net outside sales                                   $130,560,486
I/C Net sales                                         15,080,446
                                                 ---------------
Total sales                                          145,640,931

Cost of Sales                                        144,153,508
                                                 ---------------
Gross profit                                           1,487,423

Selling, general & administrative expenses            17,729,129
                                                 ---------------
Operating income                                     (16,241,706)

Interest expenses, net                                12,092,577
Intercompany interest, net                            (4,627,307)
Preferred stock accretion                                      0
Miscellaneous (income)/expense                            30,220
Corporate allocation adjustment                                0
Commission income                                       (272,461)
Commission expense                                             0
Royalty income                                          (614,917)
Royalty expense                                                0
Joint Venture (Income)/Expense                                 0
Minority interest in cons net income                           0
Dividend income                                                0
Discount/Income for Carcorp.                                   0
Gain/(Loss) early extinguishments of debt                      0
Discount/Premium on hedges                                     0
(Gain)/Loss on hedges                                          0
(Gain)/Loss on swaps                                           0
NAAIS Intercompany sales profit                                0
Loss on sale of receivables                                    0
Restructuring provision                                        0
Asset Impairment                                       5,717,263
Foreign transactions – (Gain)/Loss                     1,040,175
Amort of discount on NPV of liabilities                        0
(Gain)/Loss on sale-leaseback transaction                      0
                                                 ---------------
Income from continuing operations before taxes       (29,607,256)

Federal income tax                                             0
State income tax                                               0
Foreign income tax                                        36,328
                                                 ---------------
Income from continuing operations                    (29,643,584)

Discontinued operations                                   22,785
Gain/Loss on sale of divisions                                 0
Extraordinary items                                            0
Integration                                                    0
                                                 ---------------
NET INCOME (LOSS)                                   ($29,666,369)
                                                 ===============

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

On Aug. 30, 2006, the Debtors filed their Chapter 11 Plan and
Disclosure Statement.  On Dec. 22, 2006, they filed an Amended
Joint Chapter 11 Plan.  On July 18, 2007, the Court Confirmed
Collins' Liquidation Plan.  (Collins & Aikman Bankruptcy News,  
Issue No. 71; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).  


DELPHI CORP: Incurs $330 Million Net Loss in June 2007
------------------------------------------------------

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

                              ASSETS

Current assets:
   Cash and cash equivalents                                $26
   Restricted cash                                          110
   Accounts receivable, net:
      General Motors and affiliates                       1,758
      Other third parties                                 1,006
      Non-Debtor affiliates                                 444
   Notes receivable from non-Debtor affiliates              290
   Inventories, net:
      Productive material, work-in-process & supplies       824
      Finished goods                                        255
   Other current assets                                     280
                                                       --------
      TOTAL CURRENT ASSETS                                4,993

Long-term assets:
   Property, net                                          1,897
   Investment in affiliates                                 382
   Investments in non-Debtor affiliates                   3,870
   Goodwill                                                 152
   Other intangible assets                                   30
   Other                                                    319
                                                       --------
      TOTAL LONG-TERM ASSETS                              6,650
                                                       --------
TOTAL ASSETS                                            $11,643
                                                       ========

              LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities not subject to compromise:
   Debtor-in-possession financing                        $3,155
   Accounts payable                                       1,289
   Accounts payable to non-Debtor affiliates                583
   Accrued liabilities                                      962
                                                       --------
   TOTAL CURRENT LIABILITIES                              5,989

Long-term liabilities not subject to compromise:
   Employee benefit plan obligations and other              704

Liabilities subject to compromise                        17,796
                                                       --------
   TOTAL LIABILITIES                                     24,489

Stockholders' deficit:
   Common stock                                               6
   Additional paid-in capital                             2,776
   Accumulated deficit                                  (12,885)
   Accumulated other comprehensive loss                  (2,691)
   Treasury stock, at cost (3.2 million shares)             (52)
                                                       --------
   TOTAL STOCKHOLDERS' DEFICIT                          (12,846)
                                                       --------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT             $11,643
                                                       ========


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

Net sales:
   General Motors and affiliates                           $835
   Other customers                                          531
   Non-Debtor affiliates                                     48
                                                       --------
Total net sales                                           1,414
                                                       --------
Operating expenses:
   Cost of sales                                          1,595
   Long-lived asset impairment charges                        -
   Depreciation and amortization                             50
   Selling, general and administrative                       91
                                                       --------
Total operating expenses                                  1,736
                                                       --------
Operating loss                                             (322)

Interest expense                                            (26)
Loss on extinguishment of debt                                -
Other (expense) income, net                                  26

Reorganization items                                        (13)
Income tax benefit (expense)                                (19)
Equity income from non-consolidated affiliates                2
Equity income from non-Debtor affiliates                     22
                                                       --------
NET LOSS                                                  ($330)
                                                       ========


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

Cash flows from operating activities:
   Net loss                                               ($330)
   Adjustments to reconcile net loss
    to net cash provided by operating activities:
    Depreciation and amortization                            50
    Deferred income taxes                                    28
    Pension and other postretirement benefit expenses        78
    Equity income from unconsolidated affiliates             (2)
    Equity income from non-Debtor affiliates                (22)
    Reorganization items                                     13
    Loss on liquidation/deconsolidation of investment        93
   Changes in operating assets and liabilities:
    Accounts receivable, net                               (176)
    Inventories, net                                         44
    Other assets                                             31
    Accounts payable, accrued and other long-term debts     189
    U.S. employee special attrition program                 (13)
    Other postretirement benefit payments                   (16)
    Payments for reorganization items                        (2)
    Other                                                    (5)
                                                       --------
Net cash used in operating activities                       (40)

Cash flows from investing activities:
   Capital expenditures                                     (18)
   Proceeds from sale of property                             7
                                                       --------
Net cash used in investing activities                       (11)

Cash flows from financing activities:
   Net proceeds from DIP facility                            45
   Net repayments of borrowings under other debt pacts       (1)
                                                       --------
Net cash used in financing activities                        44
                                                       --------
Decrease in cash and cash equivalents                        (7)
Cash and cash equivalents at beginning of period             33
                                                       --------
Cash and cash equivalents at end of period                  $26
                                                       ========

Headquartered in Troy, Mich., 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.  Delphi has regional
headquarters in Japan, Brazil and France.

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
Mar. 31, 2007, the Debtors' balance sheet showed $11,446,000,000
in total assets and $23,851,000,000 in total debts.  The Debtors'
exclusive plan-filing period expires on Dec. 31, 2007.

(Delphi Corporation Bankruptcy News, Issue No. 79; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000).


PACIFIC LUMBER: Scotia Dev't, et al. File June Operating Report
---------------------------------------------------------------

                   Scotia Development LLC, et al.
                     Consolidated Balance Sheet
                        As of June 31, 2007

ASSETS
Current Assets
   Cash                                             $7,848,529
   Accounts receivable, net                          8,759,555
   Inventory: lower cost or market                  20,350,659
   Prepaid expenses                                  4,438,757
   Prepaid Restructuring                               100,000
   Investments                                               -
   Other                                               270,092
                                                  ------------
      Total Current Assets                          41,776,591

Property, Plant & Equipment                        212,776,239
Less: Accumulated Depreciation                    (136,058,941)
                                                  ------------
Net book value of property & plant                  76,717,298
Other Assets
   Notes Receivable                                    619,172
   Deferred Financing Costs                          4,944,694
   Long-term Investments                             2,608,741
   Restricted Cash                                   2,509,580
   Deferred Tax Assets                              13,652,208
                                                  ------------
      TOTAL ASSETS                                $142,819,285
                                                  ============

LIABILITIES & OWNERS EQUITY
Postpetition Liabilities
   Trade accounts payable                           $1,125,885
   Tax payable
      Federal payroll taxes                             58,723
      State payroll taxes                               10,082
      Ad valorem taxes                                 (30,217)
      Other taxes                                       16,948
                                                  ------------
         Total taxes payable                            55,535

      Secured debt postpetition
      Accrued interest payable                       6,650,020
      Accrued professional fees                      1,895,308
      Other accrued liabilities
         Trade Accruals                              1,773,529
         Compensation and Benefits                   1,119,429
         Other Accrued                                 581,131
         Due to Affiliate/Parent                     1,265,590
                                                  ------------
      Total Postpetition Liabilities                14,466,426

Prepetition Liabilities
   Notes payable - Secured                         114,048,529
   Priority debt                                     6,578,633
   Federal income tax                                  (17,006)
   FICA/ Withholding                                         -
   Unsecured debt                                    2,917,217
   Other                                            33,835,206
   Due to Affiliate/Parent                          41,661,505
                                                  ------------
      Total Prepetition Liabilities                199,024,084
                                                  ------------
      Total Liabilities                            213,490,510

Owner's Equity (Deficit)
   Equity in Affiliates                            503,825,661
   Common Stock                                          1,001
   Additional Paid-in Capital                      275,546,288
   Retained Earnings: Filing Date                 (794,985,292)
   Retained Earnings: Post Filing Date             (70,671,225)
                                                  ------------
Total Owner's Equity                               (70,671,225)
                                                  ------------
TOTAL LIABILITIES & OWNERS EQUITY                 $142,819,285  
                                                  ============


                   Scotia Development LLC, et al.
                        Statement of Income
                 For the Period Ended June 31, 2007


Revenues                                           $10,263,219
Total cost of revenues                              11,968,882
                                                  ------------
Gross Profit                                        (1,705,662)

Operating Expenses
   Selling & Marketing                                  72,253
   General & Administrative                            352,766
   Insiders Compensation                               106,674
   Professional Fees                                         -
   Idle Facilities                                      70,190
   Environmental                                        28,194
                                                  ------------
      Total Operating Expenses                         630,078
                                                  ------------
Income before interest, depreciation, tax           (2,335,740)
Interest Expense                                     1,204,970
Depreciation                                           867,577
Other (Income) Expenses                                (35,235)
Restructuring
   Professional Fees                                 1,005,181  
   Other                                                 9,280
Amortization of Deferred Financing Costs               225,900
Equity Loss (Earnings) in Subsidiary                 4,272,434
Total Interest, Depreciation & Other Items           7,550,106
                                                  ------------
Net Income Before Taxes                             (9,885,846)
Federal Income Tax                                           -
                                                  ------------
Net Income (Loss)                                  ($9,885,846)
                                                  ============


                    Scotia Development LLC, et al.
                   Cash Receipts and Disbursements
                  For the Month Ended June 31, 2007

Receipts
   Cash Sales                                          $87,608
   Collection of Accounts Receivable                11,250,736
   Loans & Advances                                          -
   Sale of Assets                                            -
   Other                                               267,215
                                                  ------------
      Total Receipts                                11,605,559

Disbursements
   Net payroll                                       1,138,705
   Payroll taxes paid                                  420,572
   Sales, use & other taxes paid                        32,875
   Secured/rentals/leases                              196,265
   Utilities & telephone                                95,151
   Insurance                                           714,872
   Cost of goods sold                                4,871,404
   Vehicle expenses                                     44,759
   Travel & entertainment                               35,557
   Repairs, maintenance & supplies                     579,972
   Administrative & selling                            743,020
   Other                                             2,751,897
                                                  ------------
      Total Disbursements from operations           11,616,051

Professional fees                                      983,082
U.S. Trustee fees                                            -
Other reorganization expenses                                -
                                                  ------------
      Total Disbursements                           12,599,133
                                                  ------------
Net Cash Flow                                         (993,573)
                                                  ------------
Cash, at the beginning of the month                  9,032,981
                                                  ------------
Cash, at the end of the month                       $7,848,529
                                                  ============

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
transaction 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).  Jack L. Kinzie, Esq., at Baker
Botts LLP, 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 Sept. 18, 2007, as extended.  The Debtors'
exclusive period to solicit acceptances of that plan expires on
Nov. 19, 2007.  (Scotia/Pacific Lumber Bankruptcy News, Issue No.
23, http://bankrupt.com/newsstand/or 215/945-7000).


PACIFIC LUMBER: Scotia Pacific Files June Operating Report
----------------------------------------------------------

                     Scotia Pacific Company LLC
                     Consolidated Balance Sheet
                         As of June 31, 2007

ASSETS
Current Assets
   Cash                                            $51,253,350
   Accounts receivable, net                          5,732,397
   Inventory: lower cost or market                           -
   Prepaid expenses                                  5,738,030
   Prepaid Restructuring                               564,671
   Investments                                               -
   Other                                               409,787
                                                  ------------
      Total Current Assets                          63,698,235

Property, Plant & Equipment                        597,238,268
Less: Accumulated Depreciation                    (355,889,963)
                                                  ------------
Net book value of property & plant                 241,348,305
Other Assets
   Tax Deposits                                              -
   Investments in Subsidiaries                               -
   Electric Deposit                                          -
   Capitalized Expenses                             11,499,138
                                                  ------------
      TOTAL ASSETS                                $316,545,677
                                                  ============

LIABILITIES & OWNERS EQUITY
Postpetition Liabilities
   Trade accounts payable                              $58,478
   Tax payable
      Federal payroll taxes                                520
      State payroll taxes                                2,562
      Ad valorem taxes                                  70,000
      Other taxes                                      305,641
                                                  ------------
         Total taxes payable                           378,723

      Secured debt postpetition                              -
      Accrued interest payable                      24,305,805
      Accrued professional fees                      5,174,558
      Other accured liabilities
         Unsecured Debt                              1,298,965
         Payroll                                       297,015
         Other                                         210,963
                                                  ------------
      Total Postpetition Liabilities                31,724,508

Prepetition Liabilities
   Notes payable - Secured                         767,276,693
   Priority debt                                       263,100
   Federal income tax                                        -
   FICA/ Withholding                                         -
   Unsecured debt                                    3,677,340
   Other                                               235,944
   Due to Affiliate/Parent                                   -
                                                  ------------
      Total Prepetition Liabilities                771,453,077
                                                  ------------
      Total Liabilities                            803,177,585

Owner's Equity (Deficit)
   Equity in Affiliates
   Common Stock                                     20,384,905
   Additional Paid-in Capital                      179,838,186
   Retained Earnings: Filing Date                 (662,058,832)
   Retained Earnings: Post Filing Date             (24,796,166)
                                                  ------------
Total Owner's Equity                              (486,631,908)
                                                  ------------
TOTAL LIABILITIES & OWNERS EQUITY                 $316,545,677
                                                  ============


                     Scotia Pacific Company LLC
                        Statement of Income
                  For the Period Ended June 31, 2007


Revenues                                            $3,887,915
Total cost of revenues                               1,308,105
                                                  ------------
Gross Profit                                         2,579,810

Operating Expenses
   Selling & Marketing                                       -
   General & Administrative                            278,904
   Insiders Compensation                                     -
   Professional Fees                                         -
   Idle Facilities                                           -
   Environmental                                             -
                                                  ------------
      Total Operating Expenses                         278,904
                                                  ------------
Income before interest, depreciation, tax            2,300,906
Interest Expense                                     4,714,452
Depreciation                                           697,602
Other (Income) Expenses                               (282,362)
Restructuring
   Professional Fees                                 1,404,000
   Other                                                39,648
Amortization of Deferred Financing Costs                     -
Equity Loss (Earnings) in Subsidiary                         -
Total Interest, Depreciation & Other Items           6,573,340
                                                  ------------
Net Income Before Taxes                             (4,272,434)
Federal Income Tax                                           0
                                                  ------------
Net Income (Loss)                                  ($4,272,434)
                                                  ============


                      Scotia Pacific Company LLC
                    Cash Receipts and Disbursements
                   For the Month Ended June 31, 2007

Receipts
   Cash Sales                                               $0
   Collection of Accounts Receivable                         0
   Loans & Advances                                          0
   Sale of Assets                                            0
   Other
      Interest Income                                  229,915
      Log Sales                                      2,709,593
      Other                                                  -
                                                  ------------
      Total Receipts                                 2,939,508

Disbursements
   Net payroll                                         197,308
   Payroll taxes paid                                   85,668
   Sales, use & other taxes paid                             -
   Secured/rentals/leases                               32,063
   Utilities & telephone                                     -
   Insurance                                            60,520
   Cost of goods sold                                        -
   Vehicle expenses                                      4,362
   Travel & entertainment                                  279
   Repairs, maintenance & supplies                          17
   Administrative & selling                            621,462
   Other                                                     -
                                                  ------------
      Total Disbursements from operations            1,001,680

Professional fees                                    1,382,256
U.S. Trustee fees                                            -
Interest                                               286,490
Other reorganization expenses                                -
                                                  ------------
      Total Disbursements                            2,672,926
                                                  ------------
Net Cash Flow                                          266,582
                                                  ------------
Cash, at the beginning of the month                 50,986,768
                                                  ------------
Cash, at the end of the month                      $51,253,350
                                                  ============

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
transaction 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).  Jack L. Kinzie, Esq., at Baker
Botts LLP, 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 Sept. 18, 2007, as extended.  The Debtors'
exclusive period to solicit acceptances of that plan expires on
Nov. 19, 2007.  (Scotia/Pacific Lumber Bankruptcy News, Issue No.
23, http://bankrupt.com/newsstand/or 215/945-7000).


SEA CONTAINERS: Posts $24,361,619 Net Loss in May 2007
------------------------------------------------------

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

                             Assets

Current Assets
   Cash and cash equivalents                       $24,871,181
   Trade receivables, less allowances
   for doubtful accounts                                   -
   Due from related parties                          7,853,462
   Prepaid expenses and other current assets         2,725,804
                                                  ------------
      Total current assets                         $35,450,447

Fixed assets, net                                            -

Lont-term equipment sales receivable, net                    -
Investments in group companies                               -
Intercompany receivables                                     -
Investment in equity ownership interests           219,030,940
Other assets                                         2,925,670
                                                  ------------
Total assets                                      $257,407,057
                                                  ============

              Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                 $4,276,310
   Accrued expenses                                 48,281,095
   Current portion of long-term debt                25,761,086
   Current portion of senior notes                 385,238,522
                                                  ------------
      Total current liabilities                    463,557,013

Total shareholders' equity                        (206,149,956)
                                                  ------------
Total liabilities and shareholders' equity        $257,407,057
                                                  ============

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

Revenue                                             $2,844,000

Costs and expenses:
   Operating costs                                      96,213
   Selling, general and
      administrative expenses                      (14,903,657)
   Professional fees                                (4,694,080)
   Charges to provide against
      intercompany accounts                         (3,762,203)
   Depreciation and amortization                             -
                                                  ------------
        Total costs and expenses                   (23,263,727)
                                                  ------------

Gain or (Loss) on sale of assets                       (26,929)
                                                  ------------
Operating income (loss)                            (20,446,656)

Other income (expense)
   Interest income                                     144,457
   Foreign exchange gains or (losses)                 (235,355)
   Interest expense, net                            (3,724,065)
                                                  ------------
Income (Loss) before taxes                         (24,261,619)
Income tax expense                                    (100,000)
                                                  ------------
Net (Loss)                                        ($24,361,619)
                                                  ============


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

                              Assets

Current Assets
   Cash and cash equivalents                           $31,171
   Trade receivables                                    41,199
   Due from related parties                          6,313,902
   Prepaid expenses and other current assets         5,896,342
                                                  ------------
      Total current assets                          12,282,614

Fixed assets, net                                    2,671,123

Investments                                          2,677,370
Intercompany receivables                            43,176,757
Other assets                                         3,703,291
                                                  ------------
Total assets                                       $64,511,155
                                                  ============

          Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                 $2,117,621
   Accrued expenses                                  2,457,288
   Current portion of long-term debt                 1,665,550
                                                  ------------
      Total current liabilities                      6,240,459

Total shareholders' equity                          58,270,696
                                                  ------------
Total liabilities and shareholders' equity         $64,511,155
                                                  ============

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

Revenue                                            $15,043,777

Costs and expenses:
   Operating costs                                           -
   Selling, general and
    administrative expenses                       (14,869,370)
   Professional Fees                                   144,243
   Other charges                                             0
   Depreciation and amortization                      (108,558)
                                                  ------------
      Total costs and expenses                     (14,833,685)
                                                  ------------

Gains on sale of assets                                      0
                                                  ------------
Operating income (loss)                                210,092

Other income (expense)
   Interest income                                       8,651
   Foreign exchange gains (losses)                           0
   Interest expense, net                               (35,595)
                                                  ------------
Income (Loss) before taxes                             183,148
Income tax credit                                            0
                                                  ------------
Net Income                                            $183,148
                                                  ============

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

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

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

Sea Containers Ltd. and two subsidiaries filed for chapter 11
protection on Oct. 15, 2006 (Bankr. D. Del. Case No. 06-11156).
Edmon L. Morton, Esq., Edwin J. Harron, Esq., Robert S. Brady,
Esq., Sean Matthew Beach, Esq., and Sean T. Greecher, Esq., at
Young, Conaway, Stargatt & Taylor, represent the Debtors in
their restructuring efforts.

The Official Committee of Unsecured Creditors and the Financial
Members Sub-Committee of the Official Committee of Unsecured
Creditors of Sea Containers Ltd. is represented by William H.
Sudell, Jr., Esq., and Thomas F. Driscoll, Esq., at Morris,
Nichols, Arsht & Tunnell LLP.  Sea Containers Services, Ltd.'s
Official Committee of Unsecured Creditors is represented by
attorneys at Willkie Farr & Gallagher LLP.

In its schedules filed with the Court, Sea Containers Ltd.
disclosed total assets of $62,400,718 and total liabilities of
$1,545,384,083.

The Court extended the Debtors' exclusive period to file a Plan
of Reorganization to Sept. 28, 2007.  (Sea Containers Bankruptcy
News, Issue No. 23; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


TWEETER HOME: Sound Advice Files Schedules of Assets and Debts
--------------------------------------------------------------
Sound Advice Inc. filed with the U.S. Bankruptcy Court for the
District of Delaware its schedules of assets and liabilities
disclosing:

A.     Real Property                                         $0

B.     Personal Property
B.1    Cash on hand                                      15,077
B.2    Bank Account
          Bank of America                                30,892
          Wachiova                                        4,388
          Wachiova                                        3,387
B.3    Security Deposits                                 70,644
B.22   Intellectual Property                            unknown
B.23   Licenses, Franchises and Other Intangibles       unknown
B.25   Vehicles and Accessories                         unknown
B.28   Office Equipment                                  86,279
B.29   Machinery                                        748,809
B.30   Inventory
          Merchandise at #902                           545,603
          Merchandise at #909                           577,587
          Merchandise at #922                           570,123
          Merchandise at #923                           558,980
          Merchandise at #970                         1,157,983
          Others                                      8,536,044

        TOTAL SCHEDULED ASSETS                      $12,905,796
        =======================================================

C.     Property Claimed as Exempt                             -

D.     Secured Claims
          General Electric Capital Corp             $19,479,790

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims
           Landlords                                    491,529
           Customer Deposits
           Employee Severance
              Oliver Buettner                             3,048
              Ramon Delgado                               4,119
              Richard Liddle                             40,712
           Utilities
              Florida Power & Light Company              51,868
              Others                                     18,163

        TOTAL SCHEDULED LIABILITIES                 $20,089,229
        =======================================================

Based in Canton, Mass., Tweeter Home Entertainment Group Inc.
-- http://www.tweeter.com/-- retails mid-to high-end audio and      
video consumer electronics products.  Tweeter and seven of its
affiliates filed for chapter 11 Protection on June 11, 2007
(Bankr. D. Del. Case No: 07-10787 through 07-10796).  Gregg M.
Galardi, Esq. and Mark L. Desgrosseilliers, Esq. at Skadden,
Arps, Slate, Meagher & Flom, L.L.P. represent the Debtors in
their restructuring efforts.  As of Dec. 21, 2006, Tweeter
had total assets of $258,573,353 and total debts of
$190,417,285.  

The Debtors' exclusive period to file a plan expires on Oct. 9,
2007.  Tweeter Bankruptcy News, Issue No. 7, Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


TWEETER HOME: SA-Arizona Files Schedules of Assets and Debts
------------------------------------------------------------
Sound Advice, Inc. of Arizona filed with the U.S. Bankruptcy Court
for the District of Delaware its schedules of assets and
liabilities disclosing:

A.     Real Property                                         $0

B.     Personal Property

B.1    Cash on hand                                       1,695
B.2    Bank Account
          Depository Account at JP Morgan Chase          12,409
          Depository Account at JP Morgan Chase           3,155
B.3    Security Deposit
          SCI Casa Poloma Fund, LLC                       9,000
          Westwood Financial Holdings, LLC                8,750
B.13   Stock Interests                                        0
B.23   Licenses, Franchises and Other Intangibles       unknown
B.25   Vehicles and Accessories                               0
B.28   Office Equipment                                   5,062
B.29   Machinery                                        357,160
B.30   Inventory
          Merchandise at #1001                          497,557
          Merchandise at #1002                          348,434
          Merchandise at #1004                          320,105
          Merchandise at #1006                          325,851
          Merchandise at #1070                          322,605
          Merchandise at #1079                          341,471

        TOTAL SCHEDULED ASSETS                       $2,553,254
        =======================================================

C.     Property Claimed as Exempt                             -

D.     Secured Claims
           General Electric Capital Corp            $19,479,790

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims
          Landlords:
          Lomar Companies, LLC                           11,287
          Mimco, Inc.                                     4,763
          SCI Casa Pploma Fund, LLC                       9,469
          Third Avenue Associates, Ltd.                  95,349
          Third Avneue Associates, Ltd.                  23,837
          Utilities:
          Arizona Public Service                         6,284
          Salt River Project                             2,822

        TOTAL SCHEDULED LIABILITIES                 $19,633,601
        =======================================================

Based in Canton, Mass., Tweeter Home Entertainment Group Inc.
-- http://www.tweeter.com/-- retails mid-to high-end audio and      
video consumer electronics products.  Tweeter and seven of its
affiliates filed for chapter 11 Protection on June 11, 2007
(Bankr. D. Del. Case No: 07-10787 through 07-10796).  Gregg M.
Galardi, Esq. and Mark L. Desgrosseilliers, Esq. at Skadden,
Arps, Slate, Meagher & Flom, L.L.P. represent the Debtors in
their restructuring efforts.  As of Dec. 21, 2006, Tweeter
had total assets of $258,573,353 and total debts of
$190,417,285.  

The Debtors' exclusive period to file a plan expires on Oct. 9,
2007.  Tweeter Bankruptcy News, Issue No. 7, Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


TWEETER HOME: New England Files Schedules of Assets and Debts
-------------------------------------------------------------
New England Audio Co. Inc. filed with the U.S. Bankruptcy Court
for the District of Delaware its schedules of assets and
liabilities disclosing:

A.     Real Property                                         $0

B.     Personal Property
B.1    Cash on hand (at 150 store locations)             34,660
B.2    Bank Account
          Bank of America (depository account)          157,922
          Bank of America (concentration account)       536,241
          Bank of America (operating account)            77,329
          Bank of America (regional disbursement acct)    1,802
          Commerce Bank (depository account)              8,430
          JP Morgan Chase (depository account)           26,277
          JP Morgan Chase (depository account)            6,568
          Wachovia (depository account)                  26,102
          Wachovia (regional disbursement account)        1,843
B.3    Security Deposit                               4,034,209
B.13   Stock Interests
          Tivoli Audio, LLC                           3,482,754
B.16   Accounts Receivable
          All Pro Trading & Management                   20,824
          American Express                              832,327
          Campbell Soup Supply Co, LLC                   47,327
          Discover                                      286,312
          GE Capital Consumer Card                      183,111
          Harrah's Entertainment, Inc.                   78,312
          Hunter Industries                              29,598
          IDS                                            62,775
          MGM Grand Resorts Development                  38,483
          Nevada Power Company                           56,420
          New Retail Claims                              78,379
          Nextworth Solutions, Inc.                      23,347
          Post Management                                34,997
          RH of Texas                                    41,375
          SE Structured Media Systems                    37,965
          The Hartford Insurance Company                 59,900
          US Patent & Trademark Office                   28,803
          Verizon Laboratories Inc.                      24,869
          Visa-Mastercard                               904,152
          Others                                        391,571
B.22   Intellectual Property                            unknown
B.23   Licenses, Franchises and Other Intangibles       unknown
B.28   Office Equipment                               1,793,603
B.29   Machinery                                      5,013,429
B.30   Inventory
          Merchandise at various locations           34,545,767
B.35   Others                                        13,202,660

        TOTAL SCHEDULED ASSETS                      $66,210,444
        =======================================================

C.     Property Claimed as Exempt                             -

D.     Secured Claims
           General Electric Capital Corp            $19,479,790
           Inland Real Estate                            62,506
           Zurich American Insurance Group            1,248,367
           Florida Power & Light                          7,724
           Tweet Canton, LLC                             39,802
           Bank of America                              226,038

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims
           Trade Payables                            27,958,999
           Deferred Compensation Balances               212,879
           Landlords                                  2,215,580
           Employee Severance                         1,990,486
           Utilities                                    231,555
           Employee Points Program                      213,077

        TOTAL SCHEDULED LIABILITIES                 $53,886,803
        =======================================================

Based in Canton, Mass., Tweeter Home Entertainment Group Inc.
-- http://www.tweeter.com/-- retails mid-to high-end audio and      
video consumer electronics products.  Tweeter and seven of its
affiliates filed for chapter 11 Protection on June 11, 2007
(Bankr. D. Del. Case No: 07-10787 through 07-10796).  Gregg M.
Galardi, Esq. and Mark L. Desgrosseilliers, Esq. at Skadden,
Arps, Slate, Meagher & Flom, L.L.P. represent the Debtors in
their restructuring efforts.  As of Dec. 21, 2006, Tweeter
had total assets of $258,573,353 and total debts of
$190,417,285.  

The Debtors' exclusive period to file a plan expires on Oct. 9,
2007.  Tweeter Bankruptcy News, Issue No. 7, Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


TWEETER HOME: NEA Delaware Files Schedules of Assets and Debts
--------------------------------------------------------------
NEA Delaware Inc. filed with the U.S. Bankruptcy Court for the
District of Delaware its schedules of assets and liabilities
disclosing:

A.     Real Property                                         $0

B.     Personal Property
B.1    Cash on hand                                       1,000
B.13   Stock Interests                                  unknown
B.22   Intellectual Property                            unknown
B.23   Licenses, Franchises and Other Intangibles       unknown
B.28   Office Equipment                                   7,946
B.29   Machinery                                         80,622
B.30   Inventory
          Merchandise at #122                           305,314
          Merchandise at #126                           381,401
          Merchandise at #127                           462,584
          Merchandise at #131                           506,789

        TOTAL SCHEDULED ASSETS                       $1,745,656
        =======================================================

C.     Property Claimed as Exempt                             -

D.     Secured Claims
           General Electric Capital Corp            $19,479,790

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims
           Landlords                                     35,437
           Utilities                                      9,240

        TOTAL SCHEDULED LIABILITIES                 $19,524,467
        =======================================================

Based in Canton, Mass., Tweeter Home Entertainment Group Inc.
-- http://www.tweeter.com/-- retails mid-to high-end audio and      
video consumer electronics products.  Tweeter and seven of its
affiliates filed for chapter 11 Protection on June 11, 2007
(Bankr. D. Del. Case No: 07-10787 through 07-10796).  Gregg M.
Galardi, Esq. and Mark L. Desgrosseilliers, Esq. at Skadden,
Arps, Slate, Meagher & Flom, L.L.P. represent the Debtors in
their restructuring efforts.  As of Dec. 21, 2006, Tweeter
had total assets of $258,573,353 and total debts of
$190,417,285.  

The Debtors' exclusive period to file a plan expires on Oct. 9,
2007.  Tweeter Bankruptcy News, Issue No. 7, Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


TWEETER HOME: Sumarc Electronics Files Schedules of Assets & Debts
------------------------------------------------------------------
Sumarc Electronics Inc. filed with the U.S. Bankruptcy Court for
the District of Delaware its schedules of assets and liabilities
disclosing:

A.     Real Property                                         $0

B.     Personal Property
B.1    Cash on hand                                       1,479
B.3    Security deposits                                    159
B.28   Office equipment                                   5,476
B.29   Machinery                                        405,303
B.30   Inventory                                      1,396,836

       TOTAL SCHEDULED ASSETS
$1,809,253              
       ========================================================

C.     Property Claimed as Exempt                             -

D.     Secured Claims
          General Electric Capital Corp.            $19,479,790

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims
          Wendover, LLC and Shachtman IV, LLC             6,048
          Utilities
9,590               

       TOTAL SCHEDULED LIABILITIES                  $19,495,428        
       ========================================================

Based in Canton, Mass., Tweeter Home Entertainment Group Inc.
-- http://www.tweeter.com/-- retails mid-to high-end audio and      
video consumer electronics products.  Tweeter and seven of its
affiliates filed for chapter 11 Protection on June 11, 2007
(Bankr. D. Del. Case No: 07-10787 through 07-10796).  Gregg M.
Galardi, Esq. and Mark L. Desgrosseilliers, Esq. at Skadden,
Arps, Slate, Meagher & Flom, L.L.P. represent the Debtors in
their restructuring efforts.  As of Dec. 21, 2006, Tweeter
had total assets of $258,573,353 and total debts of
$190,417,285.  

The Debtors' exclusive period to file a plan expires on Oct. 9,
2007.  Tweeter Bankruptcy News, Issue No. 7, Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


TWEETER HOME: THEG USA Files Schedules of Assets and Liabilities
----------------------------------------------------------------
THEG USA, L.P. filed with the U.S. Bankruptcy Court for the
District of Delaware its schedules of assets and liabilities
disclosing:

A.     Real Property                                         $0

B.     Personal Property
B.1    Cash on hand                                       4,526
B.2    Bank accounts                                     25,591
B.3    Security deposits                                 42,660
B.28   Office equipment                                  24,627
B.29   Machinery                                        376,591
B.30   Inventory                                      5,493,975

       TOTAL SCHEDULED ASSETS
$5,967,970              
       ========================================================

C.     Property Claimed as Exempt                             -

D.     Secured Claims
          General Electric Capital Corp             $19,479,790

E.     Unsecured Priority Claims                              -

F.     Unsecured Non-Priority Claims
          Landlords                                     168,057
          Employee severance                            306,005
          Utilities                                      37,066

       TOTAL SCHEDULED LIABILITIES                  $19,990,918        
       ========================================================

Based in Canton, Mass., Tweeter Home Entertainment Group Inc.
-- http://www.tweeter.com/-- retails mid-to high-end audio and      
video consumer electronics products.  Tweeter and seven of its
affiliates filed for chapter 11 Protection on June 11, 2007
(Bankr. D. Del. Case No: 07-10787 through 07-10796).  Gregg M.
Galardi, Esq. and Mark L. Desgrosseilliers, Esq. at Skadden,
Arps, Slate, Meagher & Flom, L.L.P. represent the Debtors in
their restructuring efforts.  As of Dec. 21, 2006, Tweeter
had total assets of $258,573,353 and total debts of
$190,417,285.  

The Debtors' exclusive period to file a plan expires on Oct. 9,
2007.  Tweeter Bankruptcy News, Issue No. 7, Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


TWEETER HOME: Hillcrest High Files Schedules of Assets & Debts
--------------------------------------------------------------
Hillcrest High Fidelity Inc. filed with the U.S. Bankruptcy Court
for the District of Delaware its schedules of assets and
liabilities disclosing:

A.     Real Property                                         $0

B.     Personal Property
B.30   Inventory                                          2,753

        TOTAL SCHEDULED ASSETS                           $2,753
        =======================================================

C.     Property Claimed as Exempt                             -

D.     Secured Claims
          General Electric Capital Corp             $19,479,790

E.     Unsecured Priority Claims                              0

F.     Unsecured Non-Priority Claims
          Landlords                                      58,066

        TOTAL SCHEDULED LIABILITIES                 $19,537,856
        =======================================================

Based in Canton, Mass., Tweeter Home Entertainment Group Inc.
-- http://www.tweeter.com/-- retails mid-to high-end audio and      
video consumer electronics products.  Tweeter and seven of its
affiliates filed for chapter 11 Protection on June 11, 2007
(Bankr. D. Del. Case No: 07-10787 through 07-10796).  Gregg M.
Galardi, Esq. and Mark L. Desgrosseilliers, Esq. at Skadden,
Arps, Slate, Meagher & Flom, L.L.P. represent the Debtors in
their restructuring efforts.  As of Dec. 21, 2006, Tweeter
had total assets of $258,573,353 and total debts of
$190,417,285.  

The Debtors' exclusive period to file a plan expires on Oct. 9,
2007.  Tweeter Bankruptcy News, Issue No. 7, Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).

                             *********

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

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

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

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

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

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

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

                             *********

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

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Marie Therese V. Profetana, 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
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $775 for 6 months delivered via e-
mail. Additional e-mail subscriptions for members of the same firm
for the term of the initial subscription or balance thereof are
$25 each.  For subscription information, contact Christopher Beard
at 240/629-3300.

                    *** End of Transmission ***