TCR_Public/070929.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, September 29, 2007, Vol. 11, No. 231

                             Headlines

AMP'D MOBILE: Posts $1,405,391 Net Loss in Month Ended June 30
AMP'D MOBILE: Earns $5,914,624 in Month Ended July 31
ARMSTRONG WORLD: Nitram Files July 2007 Monthly Operating Report
ARMSTRONG WORLD: Nitram Files August 2007 Monthly Operating Report
ARMSTRONG WORLD: Desseaux Files July 2007 Monthly Operating Report

ARMSTRONG WORLD: Desseaux Files August 2007 Operating Report
HANCOCK FABRICS: Incurs $3,426,000 Net Loss in September 2007
KUSHNER-LOCKE: Files June 2007 Monthly Operating Report
NEW CENTURY: Posts $15,778,025 Net Loss in July 2007
PUBLICARD INC: Incurs $57,334 Net Loss In August 2007

                             *********

AMP'D MOBILE: Posts $1,405,391 Net Loss in Month Ended June 30
--------------------------------------------------------------

                          Amp'd Mobile Inc.
                           Balance Sheet
                          At June 30, 2007

Assets
  Current Assets
   Cash
     Bank of America                                $43,454       
     Silicon Valley Bank                          5,396,707
     Merchant Account                                     0
     Bank Account (Retail)                        3,815,408
     Merchant Account (Retail)                            0      
     Petty Cash                                       1,450
     SVB Regulatory Tax Filing                      (13,226)
     SVB - Tax Account                              698,231
                                               ------------
   Total Cash                                     9,942,025

   Total Short Term Investment                    1,089,917

   Accounts Receivable    
     Accounts Receivable                        148,908,595
     AR Subscriber                                        0
     AR Recall                                   11,517,340
     AR Retail Netting Clearing                     (13,130)
     AR Other                                       593,618
     AR Rebates                                     208,100
     AR MTV Equity                                        0
                                               ------------
   Total Account Receivable                     161,214,522

   Total Bad Debt  Subscriber                  (117,230,584)
   Total AR Return Reserve                      (16,949,651)

  Inventory
   Inventory-Handset                              3,468,605
   Inventory-Accessories                          2,513,580
   Match not received                             1,738,169
                                               ------------
  Total Inventory                                 7,720,353
  
  Total Inventory Return Reserve                 16,949,651

Other Current Assets
  Due from Stockholders                              88,000
  Deposit                                           570,424
  Employee Advances                                       0
  Prepaid                                         5,928,199
  Prepaid MTV Funds Series                        3,050,000
                                               ------------
  Total Other Current Assets                      9,636,622
                                               ------------
  Total Current Assets                           72,372,857


Long Term Assets
  Net Fixed Assets
   Leasehold Improvements                           831,655      
   Automobile                                       473,788
   Office Equipment                               1,260,702
   Software                                       4,068,225
   Computer Equipment                             2,574,121
   Construction in Progress                         893,271
   Accumulated Depreciation                               0
   A/D - Leasehold                                 (573,043)
   A/D - Automobile                                (245,530)
   A/D - Office Equip & Furniture                  (638,501)
   A/D - Software                                (1,363,284)
   A/D - Computer Equipment                       (598,903)
                                               ------------
  Total Net Fixed Assets                          6,682,499

Investments
   Investments                                      336,285      
   Investment: Ninja Mobile                         338,000
                                               ------------
  Total Long Term Investments                       674,285

  Total Long Term Assets                          7,356,784
                                               ------------
Total Assets                                    $79,729,642
                                               ============

Liabilities
Current Liabilities
Accounts Payable
  AP Trade                                      ($3,288,185)       
  Credit Card SVB                                    (2,734)
  Prepetition Liabilities - P                   (12,711,021)
  Prepetition Liabilities -S                    (30,323,300)
  Prepetition Liabilities - Un                 (172,916,454)      
  Prepetition Liabilities - Unse                 11,441,607
                                               ------------      
Total Accounts Payable                        (207,800,087)

Accrued Liabilities
  AP Accrual                                     (4,771,169)
  Athelete Accrual                                  (45,375)
  Rebates Payable                                  (155,588)
  Handset Insurance Payable                        (345,944)
  Handset Insurance RMA Payable                         210
  Vacation Accrual                                   91,250
  401K Liability                                      6,627
  Deferred Revenue                                  (12,735)
  AP MTV Equity                                           0
                                               ------------
  Total Accrued Liabilities                      (5,232,723)

  Total Intercompany Payables                       200,000
  Total Tax Payable                              (2,011,988)

Equity
  Stock
   Preferred Stock - Series A                   (13,593,184)     
   Preferred Stock - Series B                   (13,962,870)
   Preferred Stock - Series C                   (28,940,172)
   Common Stock                                   1,148,809
                                               ------------
  Total Stock                                   (55,347,417)

Other Equity
   Equity                                      (255,091,658)
   Equity MTV                                   (24,474,886)
   Prepetition Equity                           475,158,933
   Additional Paid in Capital                    (1,699,052)
   Dividends                                       (832,347)
   Opening Balance Equity                        (1,193,025)
   Undistributed Retained Bar                    (1,405,391)
                                               ------------
  Total Other Equity                            190,462,574
                                               ------------
  Total Equity                                  135,115,157
                                               ------------
Total Liabilities and Equity                   ($79,729,642)
                                               ============


                         Amp'd Mobile, Inc.
                      Statement of Operations
                     Month Ended June 30, 2007

Revenue
   Postpaid Voice Revenue
      Revenue                                  ($10,673,901)      
      Airtime-Postpaid                              297,953        
      Voice Customer Credits
      PTT - Postpaid
      Customer Credits
                                               ------------
   Total Postpaid Voice Revenue                 (10,375,948)

   Prepaid Voice Revenue
      Airtime-Prepaid                              (723,613)      
      PTT-Prepaid                                  (168,773)           
      Contra Revenue Prepaid                              0       
                                               ------------
   Total Prepaid Voice Revenue                     (892,386)         

   Total Postpaid Content                        (2,621,160)      
   Total Prepaid Content                           (112,900)
   Total Postpaid Data                                    0
   Total Activation Fees                           (294,081)
    
   Handset
      Handset -Postpaid                             (38,811)
      Handset -Prepaid                              (74,113)
      Hardware - Customer Credit                        530
      Handset Subsidy                               183,238
      Revenue Return Reserve                       (392,337)
                                               ------------
   Total Handset                                   (321,493)

   Total Accessories                                   (506)
   Total Other Revenue (Rebate)                     281,030
                                               ------------
      Total Sales                               (14,337,445)

Cost of Sales
   Voice                                          1,599,660
   Content                                        1,882,442
   Data                                                   0
   Handset                                          392,337
   Accessories                                            0
   Retail Distribution                             (548,121)
   Billing Expense                                  539,991
   Logistics                                         13,863
   Bad Debt                                               0
   Finance Charges                 
      Collection Commissions                        249,399       
      Bank Service Charges                           32,485        
      Lock box Fees                                       0
      Merchant Service Fees                         212,375
      Credit Check Fees                             113,075
   Other                                      
      COS-Prepaid                                    91,441
      Fraud                                               0
      Taxes, Surcharges, Other                       23,136
                                               ------------
   Total Cost of Sales                            4,602,084

Gross Margin                                     (9,735,361)

   Operating Expenses
      Salaries                                    1,644,443
      Bonus                                               0
      Other Benefits   
         Vacation                                   (91,250)
         Payroll taxes                              118,289
         Workers Compensation                             0
         Payroll Exp: Benefits                           33
         Payroll Exp: Payroll                         2,004
         Health Insurance                           127,810
         Payroll Exp: Payroll                       (14,283)
         Relocation                                       0        
         Training                                    14,280
         Dues and Subscriptions                         873
         Seminars                                         0
      Consulting Expenses                           210,562
      Media and Promo                               286,698
      Retail Marketing
         Co-op MDF                                1,312,792
      Production Development
         Network Integration                         24,554
         Billing Enhancements                         7,083
         Prod Dev. Live Events                       91,060
      Insurance                                      17,666
      Office Equipment                              653,505
      Office Supply
         General                                      4,743
         Software                                    41,192
      Professional Fee
         Marketing                                  160,328
         Finance                                    435,987
         IT Supplies                                  4,166
         Legal                                    1,285,000
         Other                                       13,952
         Development                                 10,367
      Customer Care                               1,417,660
      Telecommunications                            254,987
      Travel & Entertainment                         (1,332)
      Miscellaneous                                   8,604
      Rent & Utility                                 25,859
      Amortization                                   18,778
      Depreciation Expense                          289,590       
      Total Other Income/Expense                    (46,046)
                                               ------------      
   Total Operating Expenses                       8,329,955        

Total Net Income                                ($1,405,391)
                                               ============

Headquartered in Los Angeles, Calif., Amp'd Mobile Inc. aka
Amp'D Mobile LLC -- http://www.ampd.com/-- is a mobile virtual
network operator that provides voice, text and entertainment
content to subscribers who contract for cellular telephone
service. The company filed for chapter 11 protection on June 1,
2007 (Bankr. D. Del. Case No. 07-10739). Steven M. Yoder, Esq.,
Eric M. Sutty, Esq. and Mary E. Augustine, Esq. at The Bayard Firm
represent the Debtor in its restructuring efforts. In its
schedules filed with the Court, the Debtor listed total assets of
$47,603,629 and total debts of $164, 569,842.  The Debtor's
exclusive period to file a plan expires today, Sept. 29, 2007.
(Amp'd Mobile Bankruptcy News, Issue No. 17; Bankruptcy Creditors'
Services Inc., http://bankrupt.com/newsstand/or 215/945-7000).  


AMP'D MOBILE: Earns $5,914,624 in Month Ended July 31
-----------------------------------------------------

                          Amp'd Mobile Inc.
                           Balance Sheet
                         At July 31, 2007

Assets
  Current Assets
   Cash
     Bank of America                                $42,657    
     Silicon Valley Bank                          1,193,952      
     Merchant Account                                     0
     Bank Account (Retail)                          518,047
     Merchant Account (Retail)                            0
     Petty Cash                                       1,450
     SVB Regulatory Tax Filing                      (13,226)
     SVB  Tax Account                             1,590,749
                                               ------------
   Total Cash                                     3,333,639

   Total Short Term Investment                    2,669,891

   Accounts Receivable
     Accounts Receivable                        153,809,336
     AR Subscriber                                        0
     AR Recall                                   11,517,340
     AR Retail Netting Clearing                     (13,130)
     AR Other                                       602,915
     AR Rebates                                      95,509
     AR MTV Equity                                        0
                                               ------------
                                                166,011,970

   Total Bad Debt  Subscriber                  (117,230,584)
   Total AR Return Reserve                      (16,949,651)

  Inventory
   Inventory - Handset                            3,468,605
   Inventory  Accessories                         2,513,580
   Match not received                             1,738,169
                                               ------------
   Total Inventory                                7,720,354

   Total Inventory Return Reserve                16,949,651

Other Current Assets
  Due from Stockholders                              88,000
  Deposit                                           999,337
  Employee Advances                                       0
  Prepaid                                         5,299,696
  Prepaid MTV Funds Series                        3,050,000
                                               ------------
  Total Other Current Assets                      9,437,033
                                               ------------
Total Current Assets                            71,942,293

Long Term Assets
  Net Fixed Assets
   Leasehold Improvements                           831,655
   Automobile                                       473,788
   Office Equipment                               1,260,702
   Software                                       4,068,225
   Computer Equipment                             2,574,121
   Construction in Progress                         926,541
   Accumulated Depreciation                               0
   A/D  Leasehold                                  (607,581)      
   A/D  Automobile                                 (258,680)
   A/D  Office Equip & Furniture                   (691,047)
   A/D  Software                                 (1,476,985)
      A/D  Computer Equipment                      (674,559)
                                               ------------
  Total Net Fixed Assets                          6,426,180

Investments
   Investments                                      336,285
   Investment: Ninja Mobile                         319,222
                                               ------------
  Total Long Term Assets                            655,507
                                               ------------
Total Assets                                    $79,023,979
                                               ============

Liabilities
Current Liabilities
Accounts Payable
  AP Trade                                       (9,845,444)
  Credit Card SVB                                         0
  Prepetition Liabilities  P                    (12,711,021)
  Prepetition Liabilities -S                    (30,323,300)
  Prepetition Liabilities  Un                  (172,485,728)
  Prepetition Liabilities  Unse                  11,441,607
                                               ------------
   Total Accounts Payable                      (213,923,886)

Accrued Liabilities
  AP Accrual                                     (2,144,664)
  Athelete Accrual                                  (45,375)
  Rebates Payable                                  (151,588)
  Handset Insurance Payable                        (367,989)
  Handset Insurance RMA Payable                         214
  Vacation Accrual                                        0
  401K Liability                                     37,721
  Deferred Revenue                                 (609,830)
  AP MTV Equity                                           0
                                                -----------
  Total Accrued Liabilities                      (3,281,511)

  Total Intercompany Payables                       425,000
  Total Tax Payable                              (3,273,663)
                                               ------------
  Total Current Liabilities                    (220,054,060)

  Total Long Term Liabilities                           300

Total Liabilities                             (220,053,760)

Equity
  Stock
   Preferred Stock  Series A                    (13,593,184)
   Preferred Stock  Series B                    (13,962,870)
   Preferred Stock  Series C                    (28,940,172)
   Common Stock                                   1,148,809
                                               ------------
   Total Stock                                  (55,347,417)

Other Equity
   Equity                                      (255,091,658)
   Equity MTV                                   (24,474,886)
      Prepetition Equity                        475,158,933
   Additional Paid in Capital                    (1,699,052)
   Dividends                                       (832,347)
   Opening Balance Equity                        (1,193,025)
   Undistributed Retained Bar                     4,509,233
                                               ------------
   Total Other Equity                           196,377,198
                                               ------------
  Total Equity                                  141,029,781
                                               ------------
Total Liabilities and Equity                   ($79,023,979)    
                                               ============


                         Amp'd Mobile, Inc.
                      Statement of Operations
                    Month Ended July 31, 2007

Revenue
   Postpaid Voice Revenue
      Revenue                                             0
      Airtime-Postpaid                           (7,492,906)
      Voice Customer Credits                        267,417
      PTT - Postpaid
      Customer Credits                                  151
                                               ------------
   Total Postpaid Voice Revenue                  (7,225,339)

   Prepaid Voice Revenue
      Airtime-Prepaid                               723,613
      PTT-Prepaid                                   168,773
      Contra Revenue Prepaid                              0
                                               ------------
   Total Prepaid Voice Revenue                      892,386

   Total Postpaid Content                        (1,968,858)
   Total Prepaid Content                            112,900
   Total Postpaid Data                                    0
   Total Activation Fees                            (97,775)

   Handset
      Handset -Postpaid                               1,166
      Handset -Prepaid                               74,113
      Hardware - Customer Credit                        400
      Handset Subsidy                              (183,238)
      Revenue Return Reserve                              0

   Total Handset                                   (107,559)

   Total Accessories                                      0
   Total Other Revenue (Rebate)                    (129,580)
                                               ------------
      Total Sales                                (8,523,825)

Cost of Sales
   Voice                                          4,597,303
   Content                                          (52,011)
   Data                                                   0
   Handset                                                0
   Accessories                                            0
   Retail Distribution                              548,121
   Billing Expense                                  525,533
   Logistics                                        (13,628)
   Bad Debt                                               0
   Finance Charges
      Collection Commissions                        287,155
      Bank Service Charges                           (1,847)
      Lock box Fees                                        0
      Merchant Service Fees                               0
      Credit Check Fees                              66,575
   Other
      COS-Prepaid                                    11,438
      Fraud                                               0
      Taxes, Surcharges, Other                       52,491
                                               ------------
   Total Cost of Sales                            6,021,129

Gross Margin                                     (2,502,696)

   Operating Expenses
      Salaries                                    1,542,248
      Bonus                                               0
      Other Benefits
         Vacation                                    17,773
         Payroll taxes                               97,153
         Workers Compensation                             0
         Payroll Exp: Benefits                       16,659
         Payroll Exp: Payroll                           968
         Health Insurance                           106,059
         Payroll Exp: Payroll                        43,494
         Relocation-Housing                           6,794
         Relocation-Moving                            3,570
         Training                                         0
         Dues and Subscriptions                           0
         Seminars                                         0
      Consulting Expenses                           431,735
      Media and Promo                               732,914
      Retail Marketing
         Co-op MDF                                1,888,161
      Production Development
         Network Integration                        205,300
         Billing Enhancements                         7,305
         Hardware Development                        30,000
         User Interface Development                   3,000
         Prod Dev. Live Events                      113,230
      Insurance                                      19,298
      Office Equipment                              347,234
      Office Supply
         Office Supplies                                209
         General                                        904
         Software                                    41,192
      Professional Fee
         Recruitment                                    766
         Account                                     (2,701)
         Content                                     75,000
         Marketing                                   44,179
         Finance                                    (47,874)
         IT Supplies                                  4,166
         Legal                                    1,453,674
         Other                                            0
         Development                                 49,007
      Customer Care                                 571,285
      Telecommunications                             54,271
      Travel & Entertainment                         57,025
      Miscellaneous                                  14,973
      Rent & Utility                                196,539
      Amortization                                   18,778
      Depreciation Expense                          289,590
      Total Other Income/Expense                    (16,561)
                                               ------------
   Total Operating Expenses                       8,417,318
                                               ------------
Total Net Income                                 $5,914,624
                                               ============

Headquartered in Los Angeles, Calif., Amp'd Mobile Inc. aka
Amp'D Mobile LLC -- http://www.ampd.com/-- is a mobile virtual
network operator that provides voice, text and entertainment
content to subscribers who contract for cellular telephone
service. The company filed for chapter 11 protection on June 1,
2007 (Bankr. D. Del. Case No. 07-10739). Steven M. Yoder, Esq.,
Eric M. Sutty, Esq. and Mary E. Augustine, Esq. at The Bayard Firm
represent the Debtor in its restructuring efforts. In its
schedules filed with the Court, the Debtor listed total assets of
$47,603,629 and total debts of $164, 569,842.  The Debtor's
exclusive period to file a plan expires on Sept. 29, 2007. (Amp'd
Mobile Bankruptcy News, Issue No. 17; Bankruptcy Creditors'
Services Inc., http://bankrupt.com/newsstand/or 215/945-7000).  


ARMSTRONG WORLD: Nitram Files July 2007 Monthly Operating Report
----------------------------------------------------------------

                        Nitram Liquidators, Inc.
                        Unaudited Balance Sheets
                          As of July 31, 2007

                                 ASSETS

Current assets:
   Cash                                                 $12,981
   Reserve for uncollectible accounts                   559,035
   Accounts receivable                                 (559,035)
                                                ---------------
Other current assets:
   Deferred tax                                               -
   Due from parent corporation                          952,444
   Note receivable due from Southwest Recreation      6,334,948
   Reserve for receivable                            (6,334,948)
                                                ---------------
Total current assets                                    965,425
                                                ---------------
Plant, property and equipment, net                            0
Other assets                                                  0
                                                ---------------
TOTAL ASSETS                                           $965,425
                                                ===============

                          LIABILITIES & EQUITY

Liabilities not subject to compromise:
   Due to parent corporation                           $104,012
   Accounts payable - postpetition                          481
                                                ---------------
Total liabilities not subject to compromise             104,493

Liabilities subject to compromise:
   Accounts payable                                     208,148
   Warranty reserves                                    569,998
   Due to affiliates                                  8,443,772
                                                ---------------
Total liabilities subject to compromise               9,221,918

Shareholder's equity:
   Common stock                                           1,000
   Cumulative dividends (preferred), 10% p.a.         2,964,500
   Dividends                                           (284,098)
   Paid-in capital                                    3,459,000
   Retained deficit                                 (14,501,388)
                                                ---------------
Total equity                                         (8,360,986)
                                                ---------------
TOTAL LIABILITIES & EQUITY                             $965,425
                                                ===============


                        Nitram Liquidators, Inc.
                   Unaudited Statements of Operations
                       Month Ended July 31, 2007

Income                                                       $0
                                                ---------------
Total operating expenses                                      0
                                                ---------------
Operating income (loss)                                       0
                                                ---------------
Other income (expense)
   Bank fees                                                (57)
                                                ---------------
Total other income (loss)                                   (57)
                                                ---------------
Income (loss) before capital-related expenses              ($57)
                                                ===============

Based in Lancaster, Pennsylvania, Armstrong World Industries,
Inc. (NYSE: AWI) -- http://www.armstrong.com/-- designs and
manufactures floors, ceilings and cabinets.  AWI operates 42
plants in 12 countries and employs approximately 14,200 people
worldwide.

The company has Asia-Pacific locations in Australia, China, Hong
Kong, Indonesia, Japan, Malaysia, Philippines, Singapore, South
Korea, Taiwan, Thailand and Vietnam.  It also has locations in
Colombia, Costa Rica, Greece and Iceland, among others.

The company and its affiliates filed for chapter 11 protection
on Dec. 6, 2000 (Bankr. Del. Case No. 00-04469).  Stephen
Karotkin, Esq., at Weil, Gotshal & Manges LLP, and Russell
C.Silberglied, Esq., at Richards, Layton & Finger, P.A.,
represent the Debtors in their restructuring efforts.  The
company and its affiliates tapped the Feinberg Group for
analysis, evaluation, and treatment of personal injury asbestos
claims.

Mark Felger, Esq. and David Carickhoff, Esq., at Cozen and
O'Connor, and Robert Drain, Esq., Andrew Rosenberg, Esq., and
Alexander Rohan, Esq., at Paul, Weiss, Rifkind, Wharton &
Garrison, represent the Official Committee of Unsecured
Creditors.  The Creditors Committee tapped Houlihan Lokey for
financial and investment advice.  The Official Committee of
Asbestos Personal Injury Claimant hired Ashby & Geddes as
counsel.

The Bankruptcy Court confirmed AWI's plan on Nov. 18, 2003.  The
District Court Judge Robreno confirmed AWI's Modified Plan on
Aug. 14, 2006.  The Clerk entered the formal written
confirmation order on Aug. 18, 2006.  The company's "Fourth
Amended Plan of Reorganization, as Modified," has become
effective and AWI has emerged from Chapter 11.

Nitram Liquidators Inc. and Desseaux Corporation of North America
delivered to the Court a Joint Chapter 11 Plan of Liquidation and
an accompanying Disclosure Statement on Sept. 20, 2007.  The Court
has set Oct. 16, 2007, as the last day for filing objections to
the Nitram/Desseaux's disclosure statement.  A hearing to consider
confirmation of the Plan is set for Nov. 2, 2007.  (Armstrong
Bankruptcy News, Issue No. 115; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)  


ARMSTRONG WORLD: Nitram Files August 2007 Monthly Operating Report
------------------------------------------------------------------

                        Nitram Liquidators, Inc.
                        Unaudited Balance Sheet
                         As of August 31, 2007

                                 ASSETS

Current Assets:
   Cash                                                 $12,425
   Accounts Receivable                                  559,035
   Reserve for Uncollectible Accounts                  (559,035)
                                                ---------------
Other Current Assets:
   Deferred Tax                                               -
   Due from Parent Corporation                          952,694
   Note Receivable from Southwest Recreation          6,334,948
   Reserve for Receivable                            (6,334,948)
                                                ---------------
Total Current Assets                                    965,119
                                                ---------------
Plant, Property and Equipment, Net                            0
Other Assets                                                  0
                                                ---------------
Total Assets                                           $965,119
                                                ===============

                            LIABILITIES & EQUITY

Liabilities Not Subject to Compromise:
   Due to Parent Corporation                           $104,012
   Accounts Payable – Postpetition                          481
                                                ---------------
Total Liabilities Not Subject to Compromise             104,493


Liabilities Subject to Compromise:
   Accounts Payable                                     208,148
   Warranty Reserves                                    569,998
   Due to Affiliates                                  8,443,772
                                                ---------------
Total Liabilities Subject to Compromise               9,221,918


Shareholder's Equity:
   Common Stock                                           1,000
   Cumulative Dividends (Preferred)                   2,964,500
   Dividends                                           (284,098)
   Paid-in Capital                                    3,459,000
   Retained Deficit                                 (14,501,694)
                                                ---------------
Total Equity                                         (8,361,292)
                                                ---------------
Total Liabilities and Owners' Equity                   $965,119
                                                ===============


                        Nitram Liquidators, Inc.
                  Unaudited Statements of Operations
                     Month Ended August 31, 2007

Income                                                       $0

Professional Fees                                           250
                                                ---------------
Total Operating Expenses                                    250

Operating Income (Loss)                                    (250)
                                                ---------------
Other Income (Expense)
   Bank Fees                                                (56)
                                                ---------------
Total Other Income                                          (56)
                                                ---------------
Income (Loss) Before Capital-related Expenses             ($306)
                                                ===============

Based in Lancaster, Pennsylvania, Armstrong World Industries,
Inc. (NYSE: AWI) -- http://www.armstrong.com/-- designs and
manufactures floors, ceilings and cabinets.  AWI operates 42
plants in 12 countries and employs approximately 14,200 people
worldwide.

The company has Asia-Pacific locations in Australia, China, Hong
Kong, Indonesia, Japan, Malaysia, Philippines, Singapore, South
Korea, Taiwan, Thailand and Vietnam.  It also has locations in
Colombia, Costa Rica, Greece and Iceland, among others.

The company and its affiliates filed for chapter 11 protection
on Dec. 6, 2000 (Bankr. Del. Case No. 00-04469).  Stephen
Karotkin, Esq., at Weil, Gotshal & Manges LLP, and Russell
C.Silberglied, Esq., at Richards, Layton & Finger, P.A.,
represent the Debtors in their restructuring efforts.  The
company and its affiliates tapped the Feinberg Group for
analysis, evaluation, and treatment of personal injury asbestos
claims.

Mark Felger, Esq. and David Carickhoff, Esq., at Cozen and
O'Connor, and Robert Drain, Esq., Andrew Rosenberg, Esq., and
Alexander Rohan, Esq., at Paul, Weiss, Rifkind, Wharton &
Garrison, represent the Official Committee of Unsecured
Creditors.  The Creditors Committee tapped Houlihan Lokey for
financial and investment advice.  The Official Committee of
Asbestos Personal Injury Claimant hired Ashby & Geddes as
counsel.

The Bankruptcy Court confirmed AWI's plan on Nov. 18, 2003.  The
District Court Judge Robreno confirmed AWI's Modified Plan on
Aug. 14, 2006.  The Clerk entered the formal written
confirmation order on Aug. 18, 2006.  The company's "Fourth
Amended Plan of Reorganization, as Modified," has become
effective and AWI has emerged from Chapter 11.

Nitram Liquidators Inc. and Desseaux Corporation of North America
delivered to the Court a Joint Chapter 11 Plan of Liquidation and
an accompanying Disclosure Statement on Sept. 20, 2007.  The Court
has set Oct. 16, 2007, as the last day for filing objections to
the Nitram/Desseaux's disclosure statement.  A hearing to consider
confirmation of the Plan is set for Nov. 2, 2007.  (Armstrong
Bankruptcy News, Issue No. 115; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)  


ARMSTRONG WORLD: Desseaux Files July 2007 Monthly Operating Report
------------------------------------------------------------------

                     Desseaux Corp. of North America
                         Unaudited Balance Sheet
                           As of July 31, 2007

                                 ASSETS

Current assets                                               $0
Plant, property and equipment, net                            0
Other assets:
   Investments in subsidiary                          3,885,354
   Due from parent corporation                              840
                                                ---------------
TOTAL ASSETS                                         $3,886,194
                                                ===============

                          LIABILITIES & EQUITY

Liabilities not subject to compromise:
   Due to parent corporation                            $66,805
   Payable Nitram Liquidators, Inc. - Post                7,585
                                                ---------------
Total liabilities not subject to compromise              74,390


Liabilities subject to compromise:
   Accrued expenses                                    $247,768
   Payable to subsidiary                                944,860
   Notes payable                                      2,964,500
                                                ---------------
Total liabilities subject to compromise               4,157,128

Shareholder's equity:
   Common stock                                           1,000
   Paid-in capital                                    2,499,000
   Retained deficit                                  (2,845,324)
                                                ---------------
Total SHAREHOLDERS' equity                             (345,324)
                                                ---------------
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY             $3,886,194
                                                ===============


                     Desseaux Corp. of North America
                    Unaudited Statements of Operations
                         Month Ended July 31, 2007

Ordinary Income/Expense                                      $0
                                                ---------------
Total                                                         0
                                                ---------------
Federal income taxes                                          0
State taxes                                                   0
                                                ---------------
Net Income (Loss)                                            $0
                                                ===============

Based in Lancaster, Pennsylvania, Armstrong World Industries,
Inc. (NYSE: AWI) -- http://www.armstrong.com/-- designs and
manufactures floors, ceilings and cabinets.  AWI operates 42
plants in 12 countries and employs approximately 14,200 people
worldwide.

The company has Asia-Pacific locations in Australia, China, Hong
Kong, Indonesia, Japan, Malaysia, Philippines, Singapore, South
Korea, Taiwan, Thailand and Vietnam.  It also has locations in
Colombia, Costa Rica, Greece and Iceland, among others.

The company and its affiliates filed for chapter 11 protection
on Dec. 6, 2000 (Bankr. Del. Case No. 00-04469).  Stephen
Karotkin, Esq., at Weil, Gotshal & Manges LLP, and Russell
C.Silberglied, Esq., at Richards, Layton & Finger, P.A.,
represent the Debtors in their restructuring efforts.  The
company and its affiliates tapped the Feinberg Group for
analysis, evaluation, and treatment of personal injury asbestos
claims.

Mark Felger, Esq. and David Carickhoff, Esq., at Cozen and
O'Connor, and Robert Drain, Esq., Andrew Rosenberg, Esq., and
Alexander Rohan, Esq., at Paul, Weiss, Rifkind, Wharton &
Garrison, represent the Official Committee of Unsecured
Creditors.  The Creditors Committee tapped Houlihan Lokey for
financial and investment advice.  The Official Committee of
Asbestos Personal Injury Claimant hired Ashby & Geddes as
counsel.

The Bankruptcy Court confirmed AWI's plan on Nov. 18, 2003.  The
District Court Judge Robreno confirmed AWI's Modified Plan on
Aug. 14, 2006.  The Clerk entered the formal written
confirmation order on Aug. 18, 2006.  The company's "Fourth
Amended Plan of Reorganization, as Modified," has become
effective and AWI has emerged from Chapter 11.

Nitram Liquidators Inc. and Desseaux Corporation of North America
delivered to the Court a Joint Chapter 11 Plan of Liquidation and
an accompanying Disclosure Statement on Sept. 20, 2007.  The Court
has set Oct. 16, 2007, as the last day for filing objections to
the Nitram/Desseaux's disclosure statement.  A hearing to consider
confirmation of the Plan is set for Nov. 2, 2007.  (Armstrong
Bankruptcy News, Issue No. 115; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)  


ARMSTRONG WORLD: Desseaux Files August 2007 Operating Report
------------------------------------------------------------

                    Desseaux Corp. of North America
                        Unaudited Balance Sheet
                         As of August 31, 2007

                               ASSETS

Current Assets                                               $0
Plant, Property and Equipment, Net                            0
Other Assets:
   Investment in Subsidiary                           3,885,354
   Due from Parent Corporation                              840
                                                ---------------
Total Assets                                         $3,886,194
                                                ===============

                         LIABILITIES & EQUITY

Liabilities Not Subject to Compromise:
   Due to Parent Corporation                            $66,805
   Payable to Nitram Liquidators – Postpetition           7,835
                                                ---------------
Total Liabilities Not Subject to Compromise              74,640

Liabilities Subject to Compromise:
   Accrued Expenses                                     247,768
   Payable to Subsidiary                                944,860
   Notes Payable                                      2,964,500
                                                ---------------
Total Liabilities Subject to Compromise               4,157,128

Shareholder's Equity:
   Common Stock                                           1,000
   Paid-in Capital                                    2,499,000
   Retained Deficit                                  (2,845,574)
                                                ---------------
Total Shareholder's Equity                             (345,574)
                                                ---------------
Total Liabilities and Owners' Equity                 $3,886,194
                                                ===============


                    Desseaux Corp. of North America
                  Unaudited Statements of Operations
                     Month Ended August 31, 2007

Ordinary Income/Expense:
   Trustee Fees                                            $250
                                                ---------------
Total Income/Expense                                        250
                                                ---------------
Federal Income Taxes                                          0
State Taxes                                                   0
                                                ---------------
Net Income (Loss)                                         ($250)
                                                ===============

Based in Lancaster, Pennsylvania, Armstrong World Industries,
Inc. (NYSE: AWI) -- http://www.armstrong.com/-- designs and
manufactures floors, ceilings and cabinets.  AWI operates 42
plants in 12 countries and employs approximately 14,200 people
worldwide.

The company has Asia-Pacific locations in Australia, China, Hong
Kong, Indonesia, Japan, Malaysia, Philippines, Singapore, South
Korea, Taiwan, Thailand and Vietnam.  It also has locations in
Colombia, Costa Rica, Greece and Iceland, among others.

The company and its affiliates filed for chapter 11 protection
on Dec. 6, 2000 (Bankr. Del. Case No. 00-04469).  Stephen
Karotkin, Esq., at Weil, Gotshal & Manges LLP, and Russell
C.Silberglied, Esq., at Richards, Layton & Finger, P.A.,
represent the Debtors in their restructuring efforts.  The
company and its affiliates tapped the Feinberg Group for
analysis, evaluation, and treatment of personal injury asbestos
claims.

Mark Felger, Esq. and David Carickhoff, Esq., at Cozen and
O'Connor, and Robert Drain, Esq., Andrew Rosenberg, Esq., and
Alexander Rohan, Esq., at Paul, Weiss, Rifkind, Wharton &
Garrison, represent the Official Committee of Unsecured
Creditors.  The Creditors Committee tapped Houlihan Lokey for
financial and investment advice.  The Official Committee of
Asbestos Personal Injury Claimant hired Ashby & Geddes as
counsel.

The Bankruptcy Court confirmed AWI's plan on Nov. 18, 2003.  The
District Court Judge Robreno confirmed AWI's Modified Plan on
Aug. 14, 2006.  The Clerk entered the formal written
confirmation order on Aug. 18, 2006.  The company's "Fourth
Amended Plan of Reorganization, as Modified," has become
effective and AWI has emerged from Chapter 11.

Nitram Liquidators Inc. and Desseaux Corporation of North America
delivered to the Court a Joint Chapter 11 Plan of Liquidation and
an accompanying Disclosure Statement on Sept. 20, 2007.  The Court
has set Oct. 16, 2007, as the last day for filing objections to
the Nitram/Desseaux's disclosure statement.  A hearing to consider
confirmation of the Plan is set for Nov. 2, 2007.  (Armstrong
Bankruptcy News, Issue No. 115; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)  


HANCOCK FABRICS: Incurs $3,426,000 Net Loss in September 2007
-------------------------------------------------------------

              Hancock Fabrics, Inc. and Subsidiaries
                    Consolidated Balance Sheet
                     As of September 1, 2007

ASSETS
Current assets:
   Cash and cash equivalents                     $4,849,000
   Receivables, less allowance for
      doubtful accounts                           5,764,000
   Inventories                                   81,396,000
   Income taxes refundable                        7,116,000
   Prepaid expenses                               1,937,000      
                                               ------------
   Total current assets                         101,062,000

Property and equipment                           43,524,000
Other assets                                     15,087,000
                                               ------------
Total Assets                                   $159,673,000
                                               ============
LIABILITIES AND SHAREHOLDERS' EQUITY            

Liabilities not subject to compromise
   Accounts payable                             $16,640,000
   Credit facility; DIP financing                17,500,000
   Accrued liabilities                            8,358,000
   Deferred tax liabilities                       7,152,000
   
Liabilities subject to compromise
   Accounts payable                              27,644,000
   Accrued liabilities                           14,259,000
   Long-term lease financing obligations          1,681,000
   Capital lease obligations                      1,714,000
   Postretirement benefits other than pensions    9,473,000
   Pension and SERP liabilities                   8,786,000
   Other liabilities                              9,109,000
                                               ------------
Total Liabilities                               122,316,000
Total Shareholders' Equity                       37,357,000
                                               ------------
Total liabilities and shareholders' equity     $159,673,000
                                               ============      


             Hancock Fabrics, Inc. and Subsidiaries
              Consolidated Statement of Operations
              For the Month Ended September 1, 2007


Sales                                           $18,508,000
Cost of goods sold                               10,258,000
                                                -----------
Gross profit                                      8,250,000

Selling, general & admin expense                  9,379,000
Depreciation and amortization                       231,000
                                               ------------
Operating income (loss)                          (1,360,000)

Reorganization expenses                           1,673,000
Interest expense, net                               393,000
                                               ------------
Earnings (loss) before income taxes              (3,426,000)
Income taxes                                              0
                                               ------------
Net earnings (loss)                             ($3,426,000)
                                               ============


             Hancock Fabrics, Inc. and Subsidiaries
               Consolidated Statement of Cash Flow
              For the Month Ended September 1, 2007

Cash flows from operating activities:
   Net earnings                                 ($3,426,000)
   Adjustments to reconcile net
   earnings to cash flows used in
   operating activities
      Depreciation and amortization                 430,000
      Amortization of deferred loan costs           186,000
      LIFO charge (credit)                          275,000
      Reserve for store closings credits            (63,000)
      Reserve for obsolete inventory                      0
      Reserve for sales returns and bad debts             0
      Stepped rent accrual                           (1,000)
      Loss on disposition of property and equipment  (5,000)
      Gain on disposition of lease
         financing obligations                            0
      Stock compensation expense                     46,000
   (Increase) decrease in assets                 
      Receivables and prepaied expenses             252,000
      Inventory at current cost                  (3,387,000)
      Other non-current assets                       38,000
   Increase (decrease) in liabilities           
   Accounts payable                               1,447,000
      Accrued liabilities                           162,000
      Postretirement benefits other than pensions   (41,000)
      Long-term pension and SERP liabilities        157,000
      Reserve for store closings                    (11,000)
      Other liabilities                             (12,000)
                                               ------------
Net cash used in operating activities            (3,953,000)

Cash flows from investing activities:
   Additions to property and equipment             (101,000)
   Proceeds from the disposition of
       property and equipment                         3,000
                                               ------------
Net cash used in investing activities               (98,000)

Cash flows from financing activities:
   Net borrowings on revolving credit agreement           0
   Payments for lease financing                      (1,000)
   Payments for capital leases                       (3,000)
   Payments for loan costs                                0
   Purchase of treasury stock                             0
   Tax obligation settled with treasury stock             0
                                               ------------
Net cash used in financing activities                (4,000)
                                               ------------
Decrease in cash and cash equivalents            (4,055,000)
Cash, beginning of period                         8,904,000
                                               ------------
Cash, end of period                              $4,849,000
                                               ============

Headquartered in Baldwyn, Mississippi, Hancock Fabrics Inc.
(OTC: HKFIQ) -- http://www.hancockfabrics.com/-- 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 six 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 Court extended
the Debtors' exclusive period to file a plan until Feb. 28, 2008.  
(Hancock Fabric Bankruptcy News, Issue No. 17, Bankruptcy
Creditors' Service Inc.; http://bankrupt.com/newsstand/or    
215/945-7000).


KUSHNER-LOCKE: Files June 2007 Monthly Operating Report
-------------------------------------------------------
The Kushner-Locke Company and its debtor-affiliates filed their
monthly operating report for June 2007 with the U.S. Bankruptcy
Court for the Central District of California, Los Angeles
Division.

For the month ending June 30, 2007, The Kushner-Locke Company's
Profit & Loss Statement shows:

      Gross Profit                           $0
      Total Operating Expenses          $50,884
      Total Non-Operating Expenses      $49,621

      Net Income (Loss)               ($100,505)

For the period from June 1, 2007, through June 30, 2007, The
Kushner-Locke Company's Cash Receipts and Disbursements Report
shows:

                       A  C  C  O  U  N  T         T  Y  P  E    
                   Collateral    Concentration     City National
                   ----------    -------------     -------------
Bal, before   
  Statement #1       $268,333          $65,956                $0
Total Receipts     9,951,385        8,824,774          924,611
Total Disbursement 9,110,014        8,786,432           21,340
Beg, Balance       1,109,703          104,297          903,270
Receipts for
  the Period            4,479           85,000                -
End, Balance       1,114,183          189,297          903,270

Full-text copies of The Kushner-Locke Company's June 2007
Monthly Operating Reports are available at no charge at:

Profit & Loss Statement:

               http://ResearchArchives.com/t/s?23c8   

Cash Receipts and Disbursements Report:

               http://ResearchArchives.com/t/s?23c9   

Headquartered in Los Angeles, California, The Kushner-Locke
Company is a low-budget movie production studio.  The Company,
along with its debtor-affiliates filed for chapter 11 protection
on Nov. 21, 2001 (Bankr. C.D. Calif. Case No. 01-44828).  Alan L.
Braunstein, Esq, Christopher M. Condon, Esq., and Kristin M.
McDonough, Esq., at Riemer & Braunstein, LLP, represent the
Debtors in their restructuring efforts.  Jager Smith, Esq.,
and Michael J. Fencer, Esq., at One Financial Center, represent
the Official Committee of Unsecured Creditors.


NEW CENTURY: Posts $15,778,025 Net Loss in July 2007
----------------------------------------------------

       New Century Financial Corp. and debtor-affiliates
                   Consolidated Balance Sheet
                       As of July 31, 2007

Assets
Current Assets:
Unrestricted Cash and Equivalents                  $113,189,286
Restricted Cash and Equivalents                      18,268,501
Accounts Receivable, Net                                      0
Notes Receivable                                              0
Inventories                                                   0
Prepaid Expenses                                      3,786,658
Professional Retainers                                        0
Other Current Assets                                 75,328,860
                                                 --------------
Total Current Assets                                210,573,305
                                                 --------------
Property and Equipment                               79,918,890
Other Assets                                      7,749,111,293
                                                 --------------
Total Assets                                     $8,039,603,488
                                                 ==============

Liabilities and Owners' Equity
Liabilities Not Subject to Compromise:
   Accounts Payable                                          $0
   Professional Fees                                 11,177,083
Liabilities Subject to Compromise:
   Secured Debt                                   7,359,904,895
   Priority Debt                                      2,739,519
   Unsecured Debt                                   263,110,013
                                                 --------------
Total Liabilities                                 7,636,931,510
                                                 --------------
Owner Equity:
   Capital Stock                                     $9,480,047
   Additional Paid-in Capital                     2,170,845,310
   Partners' Capital Account                                  0
   Owners' Equity Account                                     0
   Retained Earnings -- Prepetition              (1,088,392,464)
   Retained Earnings -- Postpetition               (689,260,915)
   Adjustments to Owner Equity                                0
   Postpetition Contributions                                 0
                                                 --------------
Net owner Equity                                    402,671,978
                                                 --------------
Total Liabilities and Owners' Equity             $8,039,603,488
                                                 ==============


       New Century Financial Corp. and debtor-affiliates
             Consolidated Statement of Operations
                  Month Ended July 31, 2007

Revenues                                              ($151,995)
Cost of Goods Sold                                            0
Operating Expenses:
   Advertising                                           88,175
   Employee Benefits Programs                           246,828
   Insurance                                            476,185
   Office Expense                                     1,884,914
   Rent and Lease Expense                             2,352,874
   Salaries, Commissions, & Fees                      2,988,345
   Travel and Entertainment                               7,207
   Other                                              1,883,640
Depreciation, Depletion & Amortization                2,105,405
                                                 --------------
Net Profit (Loss) before Other Income & Expenses    (12,185,568)
Other Income                                                  0
Reorganization Items
   Professional Fees                                  3,605,527
   Interest Earned for Accumulated Cash                 (13,070)
   Total Reorganization Expenses                      3,592,457
   Income Taxes                                               0
                                                 --------------
Net Profit (Loss)                                  ($15,778,025)
                                                 ==============


       New Century Financial Corp. and debtor-affiliates
          Schedule of Cash Receipts and Disbursements
                  Month Ended July 31, 2007

Cash, Beginning of month                           $223,920,561
Total Receipts                                       16,509,693
Total Disbursements                                (108,972,469)

Net Cash Flow                                       (92,462,776)
                                                 --------------
Cash, End of month                                 $131,457,785
                                                 ==============

Founded in 1995, Irvine, Calif.-based New Century Financial
Corporation (NYSE: NEW) -- http://www.ncen.com/-- is a real
estate investment trust, providing mortgage products to borrowers
nationwide through its operating subsidiaries, New Century
Mortgage Corporation and Home123 Corporation.  The company offers
a broad range of mortgage products designed to meet the needs of
all borrowers.

The company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2007 (Bankr. D. Del. Lead Case No.
07-10416).  Suzzanne Uhland, Esq., Austin K. Barron, Esq., and Ana
Acevedo, Esq., at O'Melveny & Myers LLP, and Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A., represent the Debtors.  The
Official Committee of Unsecured Creditors selected Hahn & Hessen
as its bankruptcy counsel and Blank Rome LLP as its co-counsel.
When the Debtors filed for bankruptcy, they listed total assets of
$36,276,815 and total debts of $102,503,950.  

The Debtors' exclusive period to file a plan expires on Nov. 28,
2007.  (New Century Bankruptcy News, Issue No. 22; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or    
215/945-7000).


PUBLICARD INC: Incurs $57,334 Net Loss In August 2007
-----------------------------------------------------
For the month ended Aug. 31, 2007, Publicard Inc. incurred a
net loss of $57,334 on zero revenues.

The company's balance sheet as of Aug. 31, 2007, showed total
assets of $101,859 and total liabilities of $436,957 resulting in
a total stockholders deficit of $335,098.

The company's August 31 balance sheet also showed strained
liquidity with $97,925 in total current assets available to pay
$313,821 in total pre-petition current liabilities and $123,136 in
total post-petition current liabilities.

A full-text copy of the company's monthly operating report for the  
month ended Aug. 31, 2007, is available for free at:

              http://ResearchArchives.com/t/s?23cc

PubliCARD Inc. is a smart card technology company that provides
products and solutions to facilitate secure access and
transactions.  PubliCARD also licenses smart card reader
technology and the integrated circuit technology within readers.

Headquartered in New York, PubliCARD Inc. fka Publicker Inc. filed
a chapter 11 petition on May 17, 2007 (Bankr. S.D.N.Y. Case No.
07-11517).  David C. McGrail, Esq., at the Law Offices of David C.
McGrail in New York represents the Debtor in its restructuring
efforts.  The company listed assets and debts between $100,000 to
$500,000 when it sought bankruptcy protection.

                             *********

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, Joseph C. Martirez, Sheena R. 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.

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