TCR_Public/071020.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, October 20, 2007, Vol. 11, No. 249

                             Headlines

ACCEPTANCE INSURANCE: Incurs $46,800 Net Loss in May 1-31, 2007
ACCEPTANCE INSURANCE: Posts $71,854 Net Loss in June 1-30, 2007
ACCEPTANCE INSURANCE: Posts $7,332 Net Loss in July 1-31, 2007
ACCEPTANCE INSURANCE: Posts $34,664 Net Loss in August 2007
ACCEPTANCE INSURANCE: Posts $53,828 Net Loss in September 2007

AMERICAN HOME: AHM Acceptance Files Schedules of Assets and Debts
AMERICAN HOME: AHM Servicing Files Schedules of Assets and Debts
AMERICAN HOME: AHM Ventures Files Schedules of Assets and Debts
HOMEBANC CORPORATION: Files Schedules of Assets and Liabilities
HOMEBANC CORP: HomeBanc Mortgage Files Schedules of Assets & Debts

                             *********

ACCEPTANCE INSURANCE: Incurs $46,800 Net Loss in May 1-31, 2007
---------------------------------------------------------------
Acceptance Insurance Companies Inc. filed its monthly operating
report for May 2007 with the United States Bankruptcy Court
for the District of Nebraska on Oct. 4, 2007.

The Debtor reported a net income of $46,800 and revenue of $6,995
for the month ended May 31, 2007.  

At May 31, 2007, Acceptance Insurance Companies Inc.'s balance
sheet showed:

        Total Current Assets                    $1,671,666
        Total Assets                           $35,035,640
        Total Liabilities                     $138,229,620  
        Total Shareholders' Deficit           $103,193,980

A full-text copy of Acceptance Insurance Companies Inc.'s May
2007 Monthly Operating Report is available at no charge at:

                http://ResearchArchives.com/t/s?245a

Headquartered in Council Bluffs, Iowa, Acceptance Insurance
Companies Inc. -- http://www.aicins.com/-- owns, either directly    
or indirectly, several companies, one of which is an insurance
company that accounts for substantially all of the business
operations and assets of the corporate groups.

The company filed for chapter 11 protection on Jan. 7, 2005
(Bankr. D. Nebr. Case No. 05-80059).  The Debtor's affiliates --
Acceptance Insurance Services Inc. and American Agrisurance Inc.
-- each filed chapter 7 petitions (Bankr. D. Nebr. Case Nos.
05-80056 and 05-80058) on Jan. 7, 2005.  John J. Jolley, Esq.,
at Kutak Rock LLP represents the Debtor in its restructuring
efforts.  Lawyers at McGrath North Mullin & Kratz, PC LLO
represent the Official Committee of Unsecured Creditors in
Acceptance Insurance's case.  When the Debtor filed for protection
from its creditors, it listed $33,069,446 in total assets and
$137,120,541 in total debts.


ACCEPTANCE INSURANCE: Posts $71,854 Net Loss in June 1-30, 2007
---------------------------------------------------------------
Acceptance Insurance Companies Inc. filed its monthly operating
report for June 2007 with the United States Bankruptcy Court
for the District of Nebraska on Oct. 4, 2007.

The Debtor reported a net income of $71,854 and revenue of $6,350
for the month ended June 30, 2007.  

At June 30, 2007, Acceptance Insurance Companies Inc.'s balance
sheet showed:

        Total Current Assets                    $1,581,466
        Total Assets                           $34,945,440
        Total Liabilities                     $138,211,274
        Total Shareholders' Deficit           $103,265,834

A full-text copy of Acceptance Insurance Companies Inc.'s June
2007 Monthly Operating Report is available at no charge at:

                http://ResearchArchives.com/t/s?245a

Headquartered in Council Bluffs, Iowa, Acceptance Insurance
Companies Inc. -- http://www.aicins.com/-- owns, either directly    
or indirectly, several companies, one of which is an insurance
company that accounts for substantially all of the business
operations and assets of the corporate groups.

The company filed for chapter 11 protection on Jan. 7, 2005
(Bankr. D. Nebr. Case No. 05-80059).  The Debtor's affiliates --
Acceptance Insurance Services Inc. and American Agrisurance Inc.
-- each filed chapter 7 petitions (Bankr. D. Nebr. Case Nos.
05-80056 and 05-80058) on Jan. 7, 2005.  John J. Jolley, Esq.,
at Kutak Rock LLP represents the Debtor in its restructuring
efforts.  Lawyers at McGrath North Mullin & Kratz, PC LLO
represent the Official Committee of Unsecured Creditors in
Acceptance Insurance's case.  When the Debtor filed for protection
from its creditors, it listed $33,069,446 in total assets and
$137,120,541 in total debts.


ACCEPTANCE INSURANCE: Posts $7,332 Net Loss in July 1-31, 2007
--------------------------------------------------------------
Acceptance Insurance Companies Inc. filed its monthly operating
report for July 2007 with the United States Bankruptcy Court
for the District of Nebraska on Oct. 4, 2007.

The Debtor reported a net income of $7,332 and revenue of $6,769
for the month ended July 31, 2007.  

At July 31, 2007, Acceptance Insurance Companies Inc.'s balance
sheet showed:

        Total Current Assets                    $1,558,184
        Total Assets                           $35,003,326
        Total Liabilities                     $138,276,493
        Total Shareholders' Deficit           $103,273,167

A full-text copy of Acceptance Insurance Companies Inc.'s July
2007 Monthly Operating Report is available at no charge at:

                http://ResearchArchives.com/t/s?245a

Headquartered in Council Bluffs, Iowa, Acceptance Insurance
Companies Inc. -- http://www.aicins.com/-- owns, either directly    
or indirectly, several companies, one of which is an insurance
company that accounts for substantially all of the business
operations and assets of the corporate groups.

The company filed for chapter 11 protection on Jan. 7, 2005
(Bankr. D. Nebr. Case No. 05-80059).  The Debtor's affiliates --
Acceptance Insurance Services Inc. and American Agrisurance Inc.
-- each filed chapter 7 petitions (Bankr. D. Nebr. Case Nos.
05-80056 and 05-80058) on Jan. 7, 2005.  John J. Jolley, Esq.,
at Kutak Rock LLP represents the Debtor in its restructuring
efforts.  Lawyers at McGrath North Mullin & Kratz, PC LLO
represent the Official Committee of Unsecured Creditors in
Acceptance Insurance's case.  When the Debtor filed for protection
from its creditors, it listed $33,069,446 in total assets and
$137,120,541 in total debts.


ACCEPTANCE INSURANCE: Posts $34,664 Net Loss in August 2007
-----------------------------------------------------------
Acceptance Insurance Companies Inc. filed its monthly operating
report for August 2007 with the United States Bankruptcy Court
for the District of Nebraska on Oct. 4, 2007.

The Debtor reported a net income of $34,664 and revenue of $6,114
for the month ended Aug. 31, 2007.  

At Aug. 31, 2007, Acceptance Insurance Companies Inc.'s balance
sheet showed:

        Total Current Assets                    $1,456,985
        Total Assets                           $34,902,127
        Total Liabilities                     $138,209,958
        Total Shareholders' Deficit           $103,307,831

A full-text copy of Acceptance Insurance Companies Inc.'s August
2007 Monthly Operating Report is available at no charge at:

                http://ResearchArchives.com/t/s?245a

Headquartered in Council Bluffs, Iowa, Acceptance Insurance
Companies Inc. -- http://www.aicins.com/-- owns, either directly    
or indirectly, several companies, one of which is an insurance
company that accounts for substantially all of the business
operations and assets of the corporate groups.

The company filed for chapter 11 protection on Jan. 7, 2005
(Bankr. D. Nebr. Case No. 05-80059).  The Debtor's affiliates --
Acceptance Insurance Services Inc. and American Agrisurance Inc.
-- each filed chapter 7 petitions (Bankr. D. Nebr. Case Nos.
05-80056 and 05-80058) on Jan. 7, 2005.  John J. Jolley, Esq.,
at Kutak Rock LLP represents the Debtor in its restructuring
efforts.  Lawyers at McGrath North Mullin & Kratz, PC LLO
represent the Official Committee of Unsecured Creditors in
Acceptance Insurance's case.  When the Debtor filed for protection
from its creditors, it listed $33,069,446 in total assets and
$137,120,541 in total debts.


ACCEPTANCE INSURANCE: Posts $53,828 Net Loss in September 2007
--------------------------------------------------------------
Acceptance Insurance Companies Inc. filed its monthly operating
report for September 2007 with the United States Bankruptcy Court
for the District of Nebraska on Oct. 4, 2007.

The Debtor reported a net income of $53,828 and revenue of $5,318
for the month ended Sept. 31, 2007.

At Sept. 31, 2007, Acceptance Insurance Companies Inc.'s balance
sheet showed:

        Total Current Assets                    $1,399,450
        Total Assets                           $34,844,592
        Total Liabilities                     $138,206,252
        Total Shareholders' Deficit           $103,361,660

A full-text copy of Acceptance Insurance Companies Inc.'s
September 2007 Monthly Operating Report is available at no charge
at http://ResearchArchives.com/t/s?245a

Headquartered in Council Bluffs, Iowa, Acceptance Insurance
Companies Inc. -- http://www.aicins.com/-- owns, either directly    
or indirectly, several companies, one of which is an insurance
company that accounts for substantially all of the business
operations and assets of the corporate groups.

The company filed for chapter 11 protection on Jan. 7, 2005
(Bankr. D. Nebr. Case No. 05-80059).  The Debtor's affiliates --
Acceptance Insurance Services Inc. and American Agrisurance Inc.
-- each filed chapter 7 petitions (Bankr. D. Nebr. Case Nos.
05-80056 and 05-80058) on Jan. 7, 2005.  John J. Jolley, Esq.,
at Kutak Rock LLP represents the Debtor in its restructuring
efforts.  Lawyers at McGrath North Mullin & Kratz, PC LLO
represent the Official Committee of Unsecured Creditors in
Acceptance Insurance's case.  When the Debtor filed for protection
from its creditors, it listed $33,069,446 in total assets and
$137,120,541 in total debts.


AMERICAN HOME: AHM Acceptance Files Schedules of Assets and Debts
-----------------------------------------------------------------
AHM Acceptance Inc. submitted to 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                                             0
B.2   Bank Accounts                                      214,890
B.3   Security Deposits                                        0
B.4   Household goods                                          0
B.5   Book, artwork and collectibles                           0
B.6   Wearing apparel                                          0
B.7   Furs and jewelry                                         0
B.8   Firearms and other equipment                             0
B.9   Insurance Policies                                       0
B.10  Annuities                                                0
B.11  Interests in an education IRA                            0
B.12  Interests in pension plans 401(k) Plan                   0
B.13  Stock and Interests
         100 % interest in AHMLF, LLC (inactive     Undetermined
         100 % interest in Melville Funding LLC     Undetermined

B.14  Interests in partnerships or joint ventures              0
B.15  Government and corporate bonds                           0
B.16  Accounts Receivable
         Inter-company AHM Investment Corp.          478,044,316
         Inter-company Melville Funding LLC           30,566,407
         Others                                        5,448,848

B.17  Alimony                                                  0
B.18  Other Liquidated Debts Owing Debtor                      0
B.19  Equitable or future interests                            0
B.20  Interests in estate death benefit plan                   0
B.21  Other Contingent and Unliquidated Claims            22,732
B.22  Patents, copyrights, and others                          0
B.23  Licenses, franchises & other intangibles      Undetermined
B.24  Customer lists or other compilations                     0
B.25  Vehicles                                                 0
B.26  Boats, motors and accessories                            0
B.27  Aircraft and accessories                                 0
B.28  Office Equipment                                         0
B.29  Equipment and Supplies for Business                      0
B.30  Inventory                                                0
B.31  Animals                                                  0
B.32  Crops                                                    0
B.33  Farming equipment and implements                         0
B.34  Farm supplies, chemicals, and feed                       0
B.35  Other Personal Property
         Loans for sale  encumbered                  406,863,749
         Loans for sale  unencumbered                 19,791,802
         Mortgage servicing rights                    27,316,058
         Prepaid expenses                                166,040

       TOTAL SCHEDULED ASSETS                       $968,434,842
       =========================================================

C - Property Claimed                                          $0

D - Creditors Holding
       ABN AMRO Bank N.V.                            136,423,174
       Bank of America, N.A.                         625,990,951
       Bear Sterns Mortgage Capital                  116,430,424
       Calyon New York Branch                      1,155,752,443
       Credit Suisse First Boston Mortgage            29,660,346
       Greenwich Capital Financial                   292,796,700
       IXIS Real Estate Capital                       11,134,799
       Liquid Funding, Ltd.                                    0

E - Creditors Holding Unsecured Priority Claims
       Taxes and employee claims                          45,519

F - Creditors Holding Unsecured Nonpriority Claims
       Inter-company payable                         396,900,397
       Employee claims                                       475

       TOTAL SCHEDULED LIABILITIES                $2,765,135,229
       =========================================================

Based in Melville, New York, American Home Mortgage Investment
Corp. (NYSE: AHM) -- http://www.americanhm.com/-- is a
mortgage real estate investment trust engaged in the business of
investing in mortgage-backed securities and mortgage loans
resulting from the securitization of residential mortgage loans
originated and serviced by its subsidiaries.  

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors.  Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent.  The Official
Committee of Unsecured Creditors has selected Hahn & Hessen LLP as
its counsel.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.  The Debtors' exclusive period to
file a plan expires on Dec. 4, 2007.  (American Home Bankruptcy
News, Issue No. 11, Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHM Servicing Files Schedules of Assets and Debts
----------------------------------------------------------------
AHM Servicing Inc. submitted to 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
B.2   Bank Accounts
         American Home Bank                               (1,624)
         Bank of America                                  12,325
         JP Morgan Chase Bank, N.A.                   25,935,472
         Deutsche Bank                                   274,709
         U.S. Bank, N.A.                                     558

B.3   Security Deposits                                   72,607
B.4   Household goods                                          0
B.5   Book, artwork and collectibles                           0
B.6   Wearing apparel                                          0
B.7   Furs and jewelry                                         0
B.8   Firearms and other equipment                             0
B.9   Insurance Policies                                       0
B.10  Annuities                                                0
B.11  Interests in an education IRA                            0
B.12  Interests in pension plans 401(k) Plan                   0
B.13  Stock and Interests                                      0
B.14  Interests in partnerships or joint ventur                0
B.15  Government and corporate bonds                           0
B.16  Accounts Receivable
         Inter-company AHM                           100,473,712
         Inter-company AHM Acceptance Inc.            53,142,890
         Escrow account advances                      50,861,600
         Comm Paper Margin Calls Rec                  25,780,000
         Others                                       56,261,403

B.21  Other Contingent and Unliquidated Claims         2,874,566
B.23  Licenses, franchises & other intangibles      Undetermined
B.24  Customer lists or other compilations          Undetermined
B.28  Office Equipment
         Furniture and fixtures, net                   1,368,896
         Leasehold improvements, net                     313,938
         Office equipment, net                         1,168,770
B.35  Other Personal Property
         Prepaid expenses                                118,298

       TOTAL SCHEDULED ASSETS                       $318,658,120
       =========================================================

C - Property Claimed                                          $0

D - Creditors Holding
       ABN AMRO Bank N.V.                            136,423,174
       Bank of America, N.A.                         625,990,951
       Calyon New York Branch                      1,155,752,443
       Credit Suisse First Boston Mortgage            29,660,346
       Greenwich Capital Financial                   292,796,700
       IXIS Real Estate Capital                       11,134,799
       JP Morgan Chase Bank, N.A.                    161,160,514
       Societe Generale                              311,571,799
       U.S. Bank, N.A.                                         0

E - Creditors Holding Unsecured Priority Claims
       Taxes and employee claims                         251,615

F - Creditors Holding Unsecured Nonpriority Claims
       Inter-company payable                           7,642,241
       AP Vendor                                          54,592

       TOTAL SCHEDULED LIABILITIES                $2,732,439,175
       =========================================================

Based in Melville, New York, American Home Mortgage Investment
Corp. (NYSE: AHM) -- http://www.americanhm.com/-- is a
mortgage real estate investment trust engaged in the business of
investing in mortgage-backed securities and mortgage loans
resulting from the securitization of residential mortgage loans
originated and serviced by its subsidiaries.  

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors.  Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent.  The Official
Committee of Unsecured Creditors has selected Hahn & Hessen LLP as
its counsel.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.  The Debtors' exclusive period to
file a plan expires on Dec. 4, 2007.  (American Home Bankruptcy
News, Issue No. 11, Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHM Ventures Files Schedules of Assets and Debts
---------------------------------------------------------------
AHM Ventures LLC submitted to 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
B.2   Bank Accounts
         Bank of America                                     (16)
         JP Morgan Chase Bank, N.A.                      623,048

B.23  Licenses, franchises & other intangibles      Undetermined
B.28  Office Equipment
         Office equipment, net                             2,200


       TOTAL SCHEDULED ASSETS                           $625,232
       =========================================================

C - Property Claimed                                          $0

D - Creditors Holding
       JP Morgan Chase Bank, N.A.                    161,160,514

E - Creditors Holding Unsecured Priority Claims                0
F - Creditors Holding Unsecured Nonpriority Claims
       Inter-company payable                             127,009

       TOTAL SCHEDULED LIABILITIES                  $161,287,523
       =========================================================

Based in Melville, New York, American Home Mortgage Investment
Corp. (NYSE: AHM) -- http://www.americanhm.com/-- is a
mortgage real estate investment trust engaged in the business of
investing in mortgage-backed securities and mortgage loans
resulting from the securitization of residential mortgage loans
originated and serviced by its subsidiaries.  

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors.  Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent.  The Official
Committee of Unsecured Creditors has selected Hahn & Hessen LLP as
its counsel.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.  The Debtors' exclusive period to
file a plan expires on Dec. 4, 2007.  (American Home Bankruptcy
News, Issue No. 11, Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


HOMEBANC CORPORATION: Files Schedules of Assets and Liabilities
---------------------------------------------------------------  
HomeBanc Corporation submitted to 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                                             0
B.2   Bank Accounts                                    1,956,408
B.3   Security Deposit                                         0
B.4   Household goods                                          0
B.5   Book, artwork and collectibles                           0
B.6   Wearing apparel                                          0
B.7   Furs and jewelry                                         0
B.8   Firearms and other equipment                             0
B.9   Insurance Policies                                 unknown
B.10  Annuities                                                0
B.11  Interests in an education IRA                            0
B.12  Interests in pension plans                               0
B.13  Stock and Interests                
        ABETTERWAYHOME Corp.                                  10
        Abetterwayhome Finance LLC II                    250,000
        Abetterwayhome Finance LLC                       250,000
        HMB Acceptance Corp.                                 100
        HomeBanc Funding Corp.                               100
        HomeBanc Funding Corp. II                            100
        HomeBanc Mortgage Corporation                         10
        HomeBanc Mortgage Trust 2005-4                   unknown
        HomeBanc Mortgage Trust 2005-5                   unknown
        HomeBanc Mortgage Trust 2006-2                   unknown
        HMB Capital Trust V                              unknown
        HMB Capital Trust IV                             unknown
        HMB Capital Trust I                              unknown
B.14  Interests in partnerships & joint venture                0
B.15  Government and corporate bonds                     unknown
B.16  Accounts Receivable                    
        HomeBanc Funding Corp.                        87,237,473
        HomeBanc Funding Corp. II                    109,194,791
        HomeBanc Mortgage Trust 2005-3                18,448,127
        HomeBanc Mortgage Trust 2005-4                52,752,579
        HomeBanc Mortgage Trust 2005-5                39,196,433
B.17  Alimony                                                  0
B.18  Other Liquidated Debts Owing Debtor                      0
B.19  Equitable or future interests                            0
B.20  Interests in estate death benefit plan                   0
B.21  Other Contingent and Unliquidated Claims                 0
B.22  Patents                                                  0
B.23  Licenses, franchises & other intangibles           unknown
B.24  Customer lists or other compilations                     0
B.25  Vehicles                                                 0
B.26  Boats, motors and accessories                            0
B.27  Aircraft and accessories                                 0
B.28  Office Equipment                                         0
B.29  Equipment and Supplies for Business                 19,944
B.30  Inventory                                                0
B.31  Animals                                                  0
B.32  Crops                                                    0
B.33  Farming equipment and implements                         0
B.34  Farm supplies, chemicals and feed                        0
B.35  Other Personal Property                                  0
  
      TOTAL SCHEDULED ASSETS                        $309,306,074
      ==========================================================  
  
C.   Property Claimed as Exempt                               $0
  
D.   Creditors Holding Secured Claims                          0
  
E.   Creditors Holding Unsecured Priority Claims       2,306,794
  
F.   Creditors Holding Unsecured Non-priority Claims
       HMB Acceptance Corp.                           31,584,001
       HomeBanc Capital Trust I                          248,972
       HomeBanc Capital Trust IV                         112,265
       HomeBanc Capital Trust V                           54,610
       HomeBanc Mortgage Corporation                 128,350,497
       HomeBanc Mortgage Trust 2004-1                139,813,430
       HomeBanc Mortgage Trust 2004-2                  8,098,712
       HomeBanc Mortgage Trust 2005-1                  1,239,451
       HomeBanc Mortgage Trust 2005-2                  2,363,367
       HomeBanc Mortgage Trust 2006-2                     91,583
       Others                                            unknown
  
     TOTAL SCHEDULED LIABILITIES                    $314,263,682
     ===========================================================

Headquartered in Atlanta, Ga., HomeBanc Mortgage Corporation --
http://www.homebanc.com/-- is a mortgage banking company focused        
on originating primarily prime purchase money residential mortgage
loans in the Southeast United States.  

HomeBanc Mortgage together with five affiliates filed for chapter
11 protection on Aug. 9, 2007 (Bankr. D. Del. Case Nos. 07-11079
through 07-11084).  Joel A. Waite, Esq., at Young, Conaway,
Stargatt & Taylor was selected by the Debtors to represent them
in these cases.  The Debtors' financial condition as of June 30,
2007, showed total assets of $5,100,000,000 and total liabilities
of $4,900,000,000.

The Debtors' exclusive period to file a plan ends on Dec. 7, 2007.
(HomeBanc Bankruptcy News, Issue No. 9; Bankruptcy Creditors'
Services Inc. http://bankrupt.com/newsstand/or 215/945-7000).  


HOMEBANC CORP: HomeBanc Mortgage Files Schedules of Assets & Debts
------------------------------------------------------------------
HomeBanc Mortgage Corporation submitted to 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                                             0
B.2   Bank Accounts                                    9,271,809
B.3   Security Deposit                                   279,128
B.4   Household goods                                          0
B.5   Book, artwork and collectibles                           0
B.6   Wearing apparel                                          0
B.7   Furs and jewelry                                         0
B.8   Firearms and other equipment                             0
B.9   Insurance Policies                                 unknown
B.10  Annuities                                                0
B.11  Interests in an education IRA                            0
B.12  Interests in pension plans                               0
B.13  Stock and Interests                
        HMB Mortgage Partners LLC                        unknown
        HMB Title Partners, LLC                          unknown
B.14  Interests in partnerships & joint venture          unknown
B.15  Government and corporate bonds                     unknown
B.16  Accounts Receivable                    
        Accrued interest due from
         various borrowers to HBMC                     1,980,456
        Sale adjustments                                   7,591
        HomeBanc Foundation salary accrual                13,804
        Receivables related to modification
         on lot loans                                      9,537
       Corporate advances due from borrowers             567,080
       Escrow advances due from borrowers              4,253,294
       Principal and interest advances due
        from investors                                   114,294
      Loan closing fees due from attorneys               203,527
      Funds due from serv. custodial for escrow        1,067,898
      Funds due from serv. custodial for buydown          12,803
      Intercompany accounts receivable             1,162,921,892
B.17  Alimony                                                  0
B.18  Other Liquidated Debts Owing Debtor                      0
B.19  Equitable or future interests                            0
B.20  Interests in estate death benefit plan                   0
B.21  Other Contingent and Unliquidated Claims       
        Chase Home Finance, LLC Holdbacks,
         Chase Home Finance LLC                          135,940
        CitiMortgage Inc Holdbacks, CitiMortgage Inc      99,982
        Countrywide Indemnification Deposit,
         Countrywide Home Loans                          611,202
B.22  Patents                                            unknown
B.23  Licenses, franchises & other intangibles               n/a
B.24  Customer lists or other compilations                     0
B.25  Vehicles                                                 0
B.26  Boats, motors and accessories                            0
B.27  Aircraft and accessories                                 0
B.28  Office Equipment                                16,184,777
B.29  Equipment and Supplies for Business                389,056
B.30  Inventory                                                0
B.31  Animals                                                  0
B.32  Crops                                                    0
B.33  Farming equipment and implements                         0
B.34  Farm supplies, chemicals and feed                        0
B.35  Other Personal Property                  
        Leasehold improvements                         5,859,572
        Loans receivable                               1,482,628
        Mortgage servicing rights                        unknown
        Real estate owned                              1,883,566
        WIP - HomeBanc Way II software                20,846,146
        Deferred compensation                          5,840,992
  
      TOTAL SCHEDULED ASSETS                      $1,234,036,972
      ==========================================================  
  
C.    Property Claimed as Exempt                               0
  
D.    Creditors Holding Secured Claims              $636,646,629
  
E.    Creditors Holding Unsecured Priority Claims      4,693,579
  
F.    Creditors Holding Unsecured Non-priority
Claims                             
        ACS Commercial Solutions                          88,278
        Alston & Bird LLP                                100,000
        American Fiber Systems                            12,486
        Arena Sports Marketing LLC                       140,000
        AT&T                                             126,717
        Broadridge                                        27,662
        Broker Price Opinion.Com, Inc.                    20,749
        BrokerPriceOpinioncom Inc.                        10,000
        CDW Direct                                        18,189
        HBTP                                           4,245,719
        HomeBanc Capital Trust IV                        111,732
        HomeBanc Funding Corp.                       651,458,703
        HomeBanc Funding Corp. II                    386,509,083
        Others                                        21,095,424
  
       TOTAL SCHEDULED LIABILITIES                $1,705,304,950
       =========================================================

Headquartered in Atlanta, Ga., HomeBanc Mortgage Corporation --
http://www.homebanc.com/-- is a mortgage banking company focused        
on originating primarily prime purchase money residential mortgage
loans in the Southeast United States.  

HomeBanc Mortgage together with five affiliates filed for chapter
11 protection on Aug. 9, 2007 (Bankr. D. Del. Case Nos. 07-11079
through 07-11084).  Joel A. Waite, Esq., at Young, Conaway,
Stargatt & Taylor was selected by the Debtors to represent them
in these cases.  The Debtors' financial condition as of June 30,
2007, showed total assets of $5,100,000,000 and total liabilities
of $4,900,000,000.

The Debtors' exclusive period to file a plan ends on Dec. 7, 2007.
(HomeBanc Bankruptcy News, Issue No. 9; Bankruptcy Creditors'
Services 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, Joseph Medel 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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