TCR_Public/071124.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, November 24, 2007, Vol. 11, No. 279

                             Headlines


ARMSTRONG WORLD: Desseaux Files Operating Report for October 2007
ARMSTRONG WORLD: Nitram Files Operating Report for October 2007
CALPINE CORP: Earns $3.7 Billion in Period Ended Sept. 30, 2007
COMPLETE RETREATS: Incurs $2,193 Net Loss in Month Ended May 31
COMPLETE RETREATS: Preferred Retreats Files May 2007 Report

COMPLETE RETREATS: Distinctive Retreats Files May 2007 Report
COMPLETE RETREATS: Private Retreats Files May 2007 Report
COMPLETE RETREATS: Legendary Retreats Files May 2007 Report
DANA CORPORATION: Earns $23 Million in Month Ended September 30
FEDERAL-MOGUL: Posts $7.6 Million Net Loss in Month Ended Oct. 31

LEVITT & SONS: Files Schedules of Assets and Liabilities
NEW CENTURY: Incurs $42,714,743 Net Loss in September 2007
SEA CONTAINERS: SeaCon Ltd. Files Sept. 2007 Operating Report
SEA CONTAINERS: SeaCon Services Files Sept. 2007 Operating Report
SEA CONTAINERS: SeaCon Carribean Files Sept. 2007 Operating Report

TWEETER HOME: Posts $1,062,986 Net Loss in Month Ended June 3


                             *********


ARMSTRONG WORLD: Desseaux Files Operating Report for October 2007
-----------------------------------------------------------------

                    Desseaux Corp. of North America
                        Unaudited Balance Sheet
                       As of October 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           8,085
                                                ---------------
Total Liabilities Not Subject to Compromise              74,890

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                                  (2,845,824)
                                                ---------------
Total Shareholder's Equity                             (345,824)
                                                ---------------
Total Liabilities and Owners' Equity                 $3,886,194
                                                ===============


                    Desseaux Corp. of North America
                  Unaudited Statements of Operations
                     Month Ended October 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.  A hearing
to consider confirmation of Nitram and Desseaux's Plan has been
set for Dec. 17, 2007.  

(Armstrong Bankruptcy News, Issue No. 118; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


ARMSTRONG WORLD: Nitram Files Operating Report for October 2007
---------------------------------------------------------------

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

                                ASSETS

Current Assets:
   Cash                                                 $11,810
   Accounts Receivable                                  559,035
   Reserve for Uncollectible Accounts                  (559,035)
                                                ---------------
Other Current Assets:
   Deferred Tax                                               0
   Due from Parent Corporation                          952,944
   Note Receivable from Southwest Recreation          6,334,948
   Reserve for Receivable                            (6,334,948)
                                                ---------------
Total Current Assets                                    964,754
                                                ---------------
Plant, Property and Equipment, Net                            0
Other Assets                                                  0
                                                ---------------
Total Assets                                           $964,754
                                                ===============

                         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                                 (14,502,059)
                                                ---------------
Total Equity                                         (8,361,657)
                                                ---------------
Total Liabilities and Owners' Equity                   $964,754
                                                ===============


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

Income                                                       $0

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

Operating Income (Loss)                                    (250)

Other Income (Expense)
   Interest Expense                                         (58)
                                                ---------------
Total Other Income                                          (58)
                                                ---------------
Income (Loss) Before Capital-related Expenses             ($308)
                                                ===============

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.  A hearing
to consider confirmation of Nitram and Desseaux's Plan has been
set for Dec. 17, 2007.  

(Armstrong Bankruptcy News, Issue No. 118; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


CALPINE CORP: Earns $3.7 Billion in Period Ended Sept. 30, 2007
---------------------------------------------------------------

                       Calpine Corporation
              Consolidated Condensed Balance Sheet
                    As of September 30, 2007

                             ASSETS

Current assets:
   Cash and cash equivalents                     $1,703,000,000
   Accounts receivable, net                       1,047,000,000
   Inventories                                      117,000,000
   Margin deposits and other prepaid expense        395,000,000
   Restricted cash, current                         406,000,000
   Current derivative assets                        227,000,000
   Assets held for sale                             198,000,000
   Other current assets                              55,000,000
                                                ---------------
Total current assets                              4,148,000,000

Property, plant and equipment, net               12,452,000,000
Restricted cash, net of current portion             155,000,000
Investments                                         249,000,000
Long-term derivative assets                         257,000,000
Non-current assets held for sale                              -
Other assets                                        972,000,000
                                                ---------------
Total assets                                    $18,233,000,000
                                                ===============

              LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities:
   Accounts payable                                $614,000,000
   Accrued interest payable                         187,000,000
   Debt, current                                  4,875,000,000
   Current derivative liabilities                   280,000,000
   Income taxes payable                              39,000,000
   Liabilities held for sale                                  -
   Other current liabilities                        466,000,000
                                                ---------------
Total current liabilities                         6,461,000,000

Debt, net of current portion                      3,129,000,000
Deferred income taxes, net of current portion       655,000,000
Long-term derivative liabilities                    429,000,000
Long-term liabilities                               269,000,000
                                                ---------------
Total liabilities not subject to compromise      10,943,000,000
Liabilities subject to compromise                11,667,000,000

Minority interests                                    8,000,000

Stockholders' equity (deficit):
   Common stock                                       1,000,000
   Additional paid-in capital                     3,270,000,000
   Additional paid-in capital, loaned shares          7,000,000
   Additional paid-in capital, returnable shares     (7,000,000)
   Accumulated deficit                           (7,543,000,000)
   Accumulated other comprehensive loss            (113,000,000)
                                                ---------------
Total stockholders' deficit                      (4,385,000,000)

Total liabilities and stockholders' deficit     $18,233,000,000
                                                ===============


                       Calpine Corporation
         Consolidated Condensed Statement of Operations
            For the period ending September 30, 2007

Revenue:
   Electricity and steam revenue                   $473,000,000
   Sales of purchased power and gas
      for hedging and optimization                  159,000,000
   Mark-to-market activities, net                   (15,000,000)
   Other revenue                                      2,000,000
                                                  -------------
Total revenue                                       619,000,000

Cost of revenue:
   Plant operating expense                           65,000,000
   Purchased power and gas expense
      for hedging and optimization                  105,000,000
   Fuel expense                                     315,000,000
   Depreciation & amortization expense               37,000,000
   Operating lease expense                            5,000,000
   Other cost of revenue                             11,000,000
                                                  -------------
Total cost of revenue                               538,000,000

Gross profit (loss)                                  81,000,000
Equipment, development project & other impairments            -
Sales, general and administrative expense             9,000,000
Other operating expenses                             16,000,000
                                                  -------------
Income (loss) from operations                        56,000,000
Interest expense                                    413,000,000
Interest (income)                                    (4,000,000)
Minority interest expense                             1,000,000
Other (income) expense, net                        (121,000,000)
                                                  -------------
Income (loss) before reorganization items
   & provision (benefit) for income taxes          (233,000,000)
Reorganization items                             (4,053,000,000)
                                                  -------------
Income (loss) before provision
   (benefit) for income taxes                     3,820,000,000
Provision (benefit) for income taxes                 39,000,000
                                                 --------------
Net income (loss)                                $3,781,000,000
                                                 ==============

Based in San Jose, California, Calpine Corporation (OTC Pink
Sheets: CPNLQ) -- http://www.calpine.com/-- supplies customers
and communities with electricity from clean, efficient, natural
gas-fired and geothermal power plants.  Calpine owns, leases and
operates integrated systems of plants in 21 U.S. states and in
three Canadian provinces.  Its customized products and services
include wholesale and retail electricity, gas turbine components
and services, energy management and a wide range of power plant
engineering, construction and maintenance and operational
services.

The company and its affiliates filed for chapter 11 protection on
Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard
M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq.,
and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the
Debtors in their restructuring efforts.  Michael S. Stamer, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors.  As of Aug. 31, 2007, the
Debtors disclosed total assets of $18,467,000,000, total
liabilities not subject to compromise of $11,207,000,000, total
liabilities subject to compromise of $15,354,000,000 and
stockholders' deficit of $8,102,000,000.

On Feb. 3, 2006, two more affiliates, Geysers Power Company, LLC,
and Silverado Geothermal Resources, Inc., filed voluntary chapter
11 petitions (Bankr. S.D.N.Y. Case Nos. 06-10197 and 06-10198).  
On Sept. 20, 2007, Santa Rosa Energy Center, LLC, another
affiliate, also filed a voluntary chapter 11 petition (Bankr.
S.D.N.Y. Case No. 07-12967).

On June 20, 2007, the Debtors filed their Chapter 11 Plan and
Disclosure Statement.  On Aug. 27, 2007, the Debtors filed their
Amended Plan and Disclosure Statement.  Calpine filed a Second
Amended Plan on Sept. 19, 2007 and on Sept. 24, 2007, filed a
Third Amended Plan.  On Sept. 25, 2007, the Court approved the
adequacy of the Debtors' Disclosure Statement and entered a
written order on September 26.  The hearing to consider
confirmation of that Plan begins Dec. 17, 2007.  (Calpine
Bankruptcy News, Issue No. 70; Bankruptcy Creditors' Service Inc.;
http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: Incurs $2,193 Net Loss in Month Ended May 31
---------------------------------------------------------------

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

                              ASSETS

Unrestricted Cash                                             -
Restricted Cash                                               -
                                                 --------------
Total Cash                                                $0.00


Accounts Receivable (Net)                                     -
Inventory                                                     -
Notes Receivable                                              -
Prepaid Expenses                                           0.00
Other                                                         -
                                                 --------------
Total Current Assets                                       0.00


Property, Plant & Equipment                          656,115.87
Less: Accumulated Depreciation/Depletion            (127,341.74)
                                                 --------------
Net Property, Plant & Equipment                      528,774.13


Due from Insiders                                             -
Other Assets - Net of Amortization                            -
Other                                              4,072,561.98
                                                 --------------
Total Assets                                      $4,601,336.11
                                                 ==============


                   LIABILITIES & OWNERS' EQUITY


Postpetition Liabilities
   Accounts Payable                                           -
   Taxes Payable                                              -
   Notes Payable                                              -
   Professional Fees                                          -
   Secured Debt                                               -
   Other                                                      -
                                                 --------------
Total Postpetition Liabilities                            $0.00

Prepetition Liabilities
   Secured Debt                                               -
   Priority Debt                                              -
   Unsecured Debt                                          0.00
   Other                                             480,779.42
                                                 --------------
Total Prepetition Liabilities                        480,779.42
                                                 --------------
Total Liabilities                                    480,779.42


Equity
   Prepetition Owners' Equity                      4,104,050.48
   Postpetition Cumulative Profit or Loss             16,506.21
   Cash funded from UR LLC in excess of P&L losses            -
                                                 --------------
Total Equity                                       4,120,556.69
                                                 --------------
Total Liabilities & Owners' Equity                $4,601,336.11
                                                 ==============

Complete Retreats LLC reported a $2,193.79 net loss for May
2007.

                     About Complete Retreats

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

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

The Court approved the Debtors' amended disclosure statement
explaining their amended plan of liquidation on Aug. 31, 2007.  
The Court will confirm that plan on Nov. 28, 2007.  (Complete
Retreats Bankruptcy News, Issue No. 37 Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: Preferred Retreats Files May 2007 Report
-----------------------------------------------------------

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

                              ASSETS

Unrestricted Cash                                   $246,031.17
Restricted Cash                                      326,849.43
                                                 --------------
Total Cash                                           572,880.60


Accounts Receivable (Net)                            695,701.98
Inventory                                          2,044,088.48
Notes Receivable                                     142,703.55
Prepaid Expenses                                   1,721,274.43
Other                                                592,090.83
                                                 --------------
Total Current Assets                              $5,195,859.27


Property, Plant & Equipment                        3,827,112.63
Less: Accumulated Depreciation/Depletion          (3,444,881.15)
                                                 --------------
Net Property, Plant & Equipment                      382,231.48


Due from Insiders                                  2,222,991.08
Other Assets - Net of Amortization                     1,555.00
Other                                             71,807,427.69
                                                 --------------
Total Assets                                     $80,182,945.12
                                                 ==============


                   LIABILITIES & OWNERS' EQUITY

Postpetition Liabilities
   Accounts Payable                               $6,171,183.74
   Taxes Payable                                              -
   Notes Payable                                     279,547.54
   Professional Fees                                          -
   Secured Debt                                               -
   Other                                          32,644,414.04
                                                 --------------
Total Postpetition Liabilities                    39,095,145.32


Prepetition Liabilities
   Secured Debt                                       43,411.29
   Priority Debt                                              -
   Unsecured Debt                                 11,113,184.59
   Other                                         155,463,553.67
                                                 --------------
Total Prepetition Liabilities                    166,620,149.55
                                                 --------------
Total Liabilities                               $205,715,294.87
                                                 --------------
Equity
   Prepetition Owners' Equity                    (90,524,986.16)
   Postpetition Cumulative Profit or Loss        (35,393,864.29)
   Cash funded from UR LLC in excess of P&L losses   386,500.70
                                                 --------------
Total Equity                                    (125,532,349.75)
                                                 --------------
Total Liabilities & Owners' Equity               $80,182,945.12
                                                 ==============


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

Revenues
   Gross Revenues                                        ($0.80)
   Less: Returns & Discounts                               0.00
                                                 --------------
Net Revenue                                               (0.80)

Cost of Goods Sold
   Material                                                0.00
   Direct Labor                                               -
   Direct Overhead                                   141,037.31
                                                 --------------
Total Cost of Goods Sold                             141,037.31
                                                 --------------
Gross Profit                                        (141,038.11)

Operating Expenses
   Officer/Insider Compensation                               -
   Selling & Marketing                                35,306.92
   General Administration                             18,940.06
   Rent & Lease                                      230,418.02
   Other                                                   0.00
                                                 --------------
Total Operating Expenses                             284,665.00
                                                 --------------
Income Before Non-Operating Income & Expenses       (425,703.11)

Other Income & Expenses
   Non-operating Income                                       -
   Non-operating Expense                             425,197.63
   Interest Expense                                1,850,473.69
   Depreciation/Depletion                                  0.00
   Amortization                                               -
   Other                                             (39,375.37)
                                                 --------------
Net Other Income & Expenses                        2,315,046.69

Reorganization Expenses
   Professional Fees                               1,861,116.85
   U.S. Trustee Fees                                          -
   Other                                              14,290.00
                                                 --------------
Total Reorganization Expenses                      1,875,406.85
                                                 --------------
Income Tax                                                    -
                                                 --------------
Net Profit (Loss)                                ($4,616,156.65)
                                                 ==============

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

Cash - Beginning of Month                         $2,776,240.66

Receipts from Operations
   Cash Sales                                         12,186.51

Collection of Accounts Receivable
   Prepetition                                                -
   Postpetition                                               -
                                                 --------------
Total Operating Receipts                              12,186.51

Non-operating Receipts
   Loans & Advances                                1,290,796.17
   Sale of Assets                                 81,700,000.00
   Other                                           1,204,447.57
                                                 --------------
Total Non-operating Receipts                      84,195,243.74
                                                 --------------
Total Receipts                                    84,207,430.25
                                                 --------------
Total Cash Available                              86,983,670.91

Operating Disbursements
   Gross Payroll                                     499,755.77
   Payroll Taxes Paid                                      0.00
   Sales, Use & Other Taxes Paid                   1,367,955.88
   Secured/Rental/Leases                                   0.00
   Utilities                                               0.00
   Insurance                                          41,984.20  
   Mortgages                                      74,674,893.66
   Interest                                          913,126.68
   Employee Expenses                                       0.00
   House Keeping & Contract Labor                          0.00
   Repairs & Maintenance                                   0.00
   Field Expenses                                     66,645.82
   International Destination Expenses                116,359.88
   HOA                                               111,716.30
   Other                                             341,032.80
                                                 --------------
Total Operating Disbursements                     78,133,470.99


Reorganization Expenses
   Professional Fees                               4,573,024.44
   U.S. Trustee Fees                                  37,000.00
   Other                                           1,630,071.24
                                                 --------------
Total Reorganization Expenses                      6,240,095.68
                                                 --------------
Total Disbursements                               84,373,566.67
                                                 --------------
Net Cash Flow                                       (166,136.42)
                                                 --------------
Cash - End of Month                               $2,610,104.24
                                                 ==============

                     About Complete Retreats

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

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

The Court approved the Debtors' amended disclosure statement
explaining their amended plan of liquidation on Aug. 31, 2007.  
The Court will confirm that plan on Nov. 28, 2007.  (Complete
Retreats Bankruptcy News, Issue No. 37 Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: Distinctive Retreats Files May 2007 Report
-------------------------------------------------------------

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

                              ASSETS


Unrestricted Cash                                         $0.00
Restricted Cash                                               -
                                                 --------------
Total Cash                                                 0.00


Accounts Receivable (Net)                                  0.00
Inventory                                             50,830.98
Notes Receivable                                     448,000.00
Prepaid Expenses                                     198,554.77
Other                                                         -
                                                 --------------
Total Current Assets                                 697,385.75


Property, Plant & Equipment                       48,310,058.51
Less: Accumulated Depreciation/Depletion          (3,713,484.54)
                                                 --------------
Net Property, Plant & Equipment                   44,596,573.97


Due from Insiders                                             -
Other Assets - Net of Amortization                   485,000.00
Other                                            138,357,194.10
                                                 --------------
Total Assets                                    $184,136,153.82
                                                 ==============


                   LIABILITIES & OWNERS' EQUITY


Postpetition Liabilities
   Accounts Payable                                       $0.00
   Taxes Payable                                              -
   Notes Payable                                           0.00
   Professional Fees                                          -
   Secured Debt                                               -
   Other                                           1,486,559.36
                                                 --------------
Total Postpetition Liabilities                     1,486,559.36

Prepetition Liabilities
   Secured Debt                                      452,027.00
   Priority Debt                                              -
   Unsecured Debt                                 30,713,743.27
   Other                                          16,851,099.94
                                                 --------------
Total Prepetition Liabilities                     48,016,870.21
                                                 --------------
Total Liabilities                                 49,503,429.57


Equity
   Prepetition Owners' Equity                    133,882,809.53
   Postpetition Cumulative Profit or Loss            749,914.72
   Cash funded from UR LLC in excess of P&L losses            -
                                                 --------------
Total Equity                                     134,632,724.25
                                                 --------------
Total Liabilities & Owners' Equity              $184,136,153.82
                                                 ==============


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

Revenues
   Gross Revenues                                         $0.00
   Less: Returns & Discounts                                  -
                                                 --------------
Net Revenue                                                0.00

Cost of Goods Sold
   Material                                                   -
   Direct Labor                                               -
   Direct Overhead                                            -
                                                 --------------
Total Cost of Goods Sold                                   0.00
                                                 --------------
Gross Profit                                               0.00

Operating Expenses
   Officer/Insider Compensation                               -
   Selling & Marketing                                        -
   General Administration                                     -
   Rent & Lease                                               -
   Other                                                   0.00
                                                 --------------
Total Operating Expenses                                   0.00
                                                 --------------
Income Before Non-Operating Income & Expenses              0.00


Other Income & Expenses
   Non-operating Income                                       -
   Non-operating Expense                                      -
   Interest Expense                                           -
   Depreciation/Depletion                                  0.00
   Amortization                                               -
   Other                                            (969,969.52)
                                                 --------------
Net Other Income & Expenses                         (969,969.52)


Reorganization Expenses
   Professional Fees                                       0.00
   U.S. Trustee Fees                                          -
   Other                                                      -
                                                 --------------
Total Reorganization Expenses                              0.00
                                                 --------------
Income Tax                                                    -
                                                 --------------
Net Profit (Loss)                                   $969,969.52
                                                 ==============

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

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

The Court approved the Debtors' amended disclosure statement
explaining their amended plan of liquidation on Aug. 31, 2007.  
The Court will confirm that plan on Nov. 28, 2007.  (Complete
Retreats Bankruptcy News, Issue No. 37 Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: Private Retreats Files May 2007 Report
---------------------------------------------------------

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

                              ASSETS


Unrestricted Cash                                         $0.00
Restricted Cash                                        1,678.78
                                                 --------------
Total Cash                                             1,678.78


Accounts Receivable (Net)                                  0.00
Inventory                                             71,383.95
Notes Receivable                                     560,981.46
Prepaid Expenses                                           0.00
Other                                                      0.00
                                                 --------------
Total Current Assets                                 632,365.41


Property, Plant & Equipment                       19,195,050.13
Less: Accumulated Depreciation/Depletion          (5,918,560.10)
                                                 --------------
Net Property, Plant & Equipment                   13,276,490.03

Due from Insiders                                             -

Other Assets - Net of Amortization                 1,152,200.00
Other                                             22,310,421.19
                                                 --------------
Total Assets                                     $37,373,155.41
                                                 ==============


                   LIABILITIES & OWNERS' EQUITY


Postpetition Liabilities
   Accounts Payable                                           -
   Taxes Payable                                              -
   Notes Payable                                     $14,901.15
   Professional Fees                                          -
   Secured Debt                                               -
   Other                                          $1,206,686.82
                                                 --------------
Total Postpetition Liabilities                     1,221,587.97


Prepetition Liabilities
   Secured Debt                                      186,737.79
   Priority Debt                                              -
   Unsecured Debt                                  5,432,514.70
   Other                                          12,508,567.02
                                                 --------------
Total Prepetition Liabilities                     18,127,819.51
                                                 --------------
Total Liabilities                                 19,349,407.48

Equity
   Prepetition Owners' Equity                     19,317,216.52
   Postpetition Cumulative Profit or Loss         (1,293,468.59)
   Cash funded from UR LLC in excess of P&L losses            -
                                                 --------------
Total Equity                                      18,023,747.93
                                                 --------------
Total Liabilities & Owners' Equity               $37,373,155.41
                                                 ==============

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

Revenues
   Gross Revenues                                         $0.00
   Less: Returns & Discounts                                  -
                                                 --------------
Net Revenue                                                0.00


Cost of Goods Sold
   Material                                                   -
   Direct Labor                                               -
   Direct Overhead                                            -
                                                 --------------
Total Cost of Goods Sold                                   0.00
                                                 --------------
Gross Profit                                               0.00


Operating Expenses
   Officer/Insider Compensation                               -
   Selling & Marketing                                        -
   General Administration                                  0.00
   Rent & Lease                                               -
   Other                                                      -
                                                 --------------
Total Operating Expenses                                   0.00
                                                 --------------
Income Before Non-Operating Income & Expenses              0.00


Other Income & Expenses
   Non-operating Income                                       -
   Non-operating Expense                                      -
   Interest Expense                                           -
   Depreciation/Depletion                                  0.00
   Amortization                                               -
   Other                                            (509,145.02)
                                                 --------------
Net Other Income & Expenses                         (509,145.02)


Reorganization Expenses
   Professional Fees                                       0.00
   U.S. Trustee Fees                                          -
   Other                                                      -
                                                 --------------
Total Reorganization Expenses                              0.00
                                                 --------------
Income Tax                                                    -
                                                 --------------
Net Profit (Loss)                                   $509,145.02
                                                 ==============

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

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

The Court approved the Debtors' amended disclosure statement
explaining their amended plan of liquidation on Aug. 31, 2007.  
The Court will confirm that plan on Nov. 28, 2007.  (Complete
Retreats Bankruptcy News, Issue No. 37 Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000).


COMPLETE RETREATS: Legendary Retreats Files May 2007 Report
-----------------------------------------------------------

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

                              ASSETS


Unrestricted Cash                                         $0.00
Restricted Cash                                               -
                                                 --------------
Total Cash                                                 0.00


Accounts Receivable (Net)                                  0.00
Inventory                                                     -
Notes Receivable                                   1,610,000.00
Prepaid Expenses                                      73,910.42
Other                                                110,000.00
                                                 --------------
Total Current Assets                               1,793,910.42

Property, Plant & Equipment                           26,935.82
Less: Accumulated Depreciation/Depletion                      -
                                                 --------------
Net Property, Plant & Equipment                       26,935.82

Due from Insiders                                             -
Other Assets - Net of Amortization                            -
Other                                             17,787,455.72
                                                 --------------
Total Assets                                     $19,608,301.96
                                                 ==============

                   LIABILITIES & OWNERS' EQUITY

Postpetition Liabilities
   Accounts Payable                                        0.00
   Taxes Payable                                              -
   Notes Payable                                      11,365.58
   Professional Fees                                          -
   Secured Debt                                               -
   Other                                                   0.00
                                                 --------------
Total Postpetition Liabilities                        11,365.58


Prepetition Liabilities
   Secured Debt                                               -
   Priority Debt                                              -
   Unsecured Debt                                    482,432.31
   Other                                           3,887,743.28
                                                 --------------
Total Prepetition Liabilities                      4,370,175.59
                                                 --------------
Total Liabilities                                  4,381,541.17

Equity
   Prepetition Owners' Equity                     15,289,439.89
   Postpetition Cumulative Profit or Loss            (62,679.10)
   Cash funded from UR LLC in excess of P&L losses            -
                                                 --------------
Total Equity                                      15,226,760.79
                                                 --------------
Total Liabilities & Owners' Equity               $19,608,301.96
                                                 ==============


Legendary Retreats, LLC, reported net income of $2,562.29 for May
2007.

                     About Complete Retreats

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

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

The Court approved the Debtors' amended disclosure statement
explaining their amended plan of liquidation on Aug. 31, 2007.  
The Court will confirm that plan on Nov. 28, 2007.  (Complete
Retreats Bankruptcy News, Issue No. 37 Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000).


DANA CORPORATION: Earns $23 Million in Month Ended September 30
---------------------------------------------------------------

                        Dana Corporation
         Unaudited Condensed Consolidated Balance Sheet
                     As of September 30, 2007

ASSETS

CURRENT ASSETS
  Cash and cash equivalent assets               $1,035,000,000
  Accounts receivable
     Trade                                       1,410,000,000
     Other                                         290,000,000
  Inventories                                      843,000,000
  Assets of discontinued operations                 52,000,000
  Other current assets                             155,000,000
                                               ---------------
     Total current assets                        3,785,000,000

Investments in equity affiliates                   430,000,000
Net property, plant and equipment                1,740,000,000
Other noncurrent assets                          1,063,000,000

                                               ---------------
                  
TOTAL ASSETS                                    $7,018,000,000
                                               ===============
   

LIABILITY AND SHAREHOLDERS' DEFICIT                              

CURRENT LIABILITIES
  DIP Financing                                   $900,000,000
  Notes payable, including current portion
     of long-term debt                              52,000,000
  Accounts payable                               1,136,000,000
  Liabilities of discontinued operations            21,000,000
  Other accrued liabilities                        833,000,000
                                               ---------------
Total current liabilities                        2,942,000,000

Liabilities subject to compromise                4,011,000,000
Deferred employee benefits and other
  non-current liabilities                          493,000,000
Long-term debt                                      13,000,000
Minority interest in consolidated subsidiaries      95,000,000
                                              ---------------
Total liabilities                                7,554,000,000
Shareholders' deficit                             (536,000,000)
                                              ---------------
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT     $7,018,000,000
                                               ===============


                        Dana Corporation
           Unaudited Condensed Statement of Operations       
              For the Month Ended September 30, 2007            

Net Sales                                        $732,000,000
Costs and expenses
  Costs of sales                                  690,000,000
  Selling, general and administrative expenses     23,000,000
  Realignment charges                              (4,000,000)
  Other income, net                                12,000,000
                                              ---------------   
Income (loss) from operations                      35,000,000
Interest expense                                    5,000,000
Reorganization items, net                         (24,000,000)
                                              ---------------
Income (loss) before income taxes                  54,000,000
Income tax (expense) benefit                      (15,000,000)
Minority interest                                   1,000,000
Equity in earnings of affiliates                   (5,000,000)
                                              ---------------
Income (loss) before continuing operations         63,000,000
Income (loss) from discontinued operations        (40,000,000)
                                              ---------------
Net income (loss)                                 $23,000,000
                                              ===============  
     

                        Dana Corporation
            Unaudited Condensed Statement of Cash Flow
              For the Month Ended September 30, 2007            

OPERATING ACTIVITIES
Net income (loss)                                 $23,000,000
Depreciation and amortization                      24,000,000
Loss on sale of business                           23,000,000
Non-cash portion of U.K. pension charge                     0
Decrease (increase) in working capital            (86,000,000)
Unremitted equity earnings in affiliates            5,000,000
Reorganization items, net of payments             (30,000,000)
Other                                              20,000,000
                                              ---------------
Net cash flow provided by                                   
(used for) operating activities                   (21,000,000)
                                                                 
INVESTING ACTIVITIES                 
Purchases of property, plant and equipment        (13,000,000)
Proceeds from sale of assets                                0
Other                                               5,000,000
                                              ---------------
Net cash flow provided by       
(used for) investing activities                    (8,000,000)
                              
FINANCING ACTIVITIES                                             
Net change in short-term debt                     (14,000,000)
Proceeds from DIP Credit Agreement                          0
                                                                  
Net cash flow provided by
(used for) financing activities                   (14,000,000)
                                              ---------------     
Net increase in cash equivalents                  (43,000,000)

Cash & cash equivalents, beginning of period    1,078,000,000
                                              ---------------     
Cash and cash equivalents, end of period       $1,035,000,000
                                              ===============

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

Dana has facilities in China in the Asia-Pacific, Argentina in
the Latin-American regions and Italy in Europe.

The company and its affiliates filed for chapter 11 protection
on March 3, 2006 (Bankr. S.D.N.Y. Case No. 06-10354).  As of
Aug. 31, 2007, the Debtors listed US$6,878,000,000 in total assets
and $7,551,000,000 in total debts resulting in a total
shareholders' deficit of $673,000,000.

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

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

The Debtors filed their Joint Plan of Reorganization on Aug. 31,
2007.  On Oct. 23, 2007, the Court approved the adequacy of the
Disclosure Statement explaining their Plan.  The Court has set
Dec. 10, 2007, to consider confirmation of the Plan.  (Dana
Corporation Bankruptcy News, Issue No. 61; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000).


FEDERAL-MOGUL: Posts $7.6 Million Net Loss in Month Ended Oct. 31
-----------------------------------------------------------------

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

                              Assets

Cash and equivalents                                      $67.9
Accounts receivable                                       616.2
Inventories                                               405.3
Deferred taxes                                            194.6
Prepaid expenses and other current assets                 114.9
                                                       --------
Total current assets                                    1,398.8

Summary of Unpaid Postpetition Debits                      10.3
Intercompany Loans Receivable (Payable)                 1,743.5
                                                       --------
Intercompany Balances                                   1,753.8

Property, plant and equipment                             751.1
Goodwill                                                  930.9
Other intangible assets                                   340.2
Insurance recoverable                                     896.1
Other non-current assets                                1,273.4
                                                       --------
Total Assets                                           $7,344.3
                                                       ========

               Liabilities and Shareholders' Equity

Short-term debt                                          $790.7
Accounts payable                                          238.0
Accrued compensation                                       74.3
Restructuring and rationalization reserves                 10.2
Current portion of asbestos liability                         -
Interest payable                                            3.8
Other accrued liabilities                                 961.4
                                                       --------
Total current liabilities                               2,078.5

Long-term debt                                                -
Post-employment benefits                                  687.8
Other accrued liabilities                                 593.4
Liabilities subject to compromise                       5,459.4

Shareholders' equity:
   Preferred stock                                      1,050.6
   Common stock                                           662.1
   Additional paid-in capital                           8,000.3
   Accumulated deficit                                (11,447.8)
   Accumulated other comprehensive income                 260.1
   Other                                                      -
                                                       --------
Total Shareholders' Equity                             (1,474.7)
                                                       --------
Total Liabilities and Shareholders' Equity             $7,344.3
                                                       ========


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

Net sales                                                $271.0
Cost of products sold                                     223.7
                                                       --------
Gross margin                                               47.3

Selling, general & administrative expenses                (40.9)
Amortization                                               (1.2)
Reorganization items                                       (4.8)
Interest income (expense), net                            (16.1)
Other income (expense), net                                 8.8
                                                       --------
Earnings before Income Taxes                               (6.9)

Income Tax (Expense) Benefit                               (0.8)
                                                       --------
Earnings before cumulative effect of change
   in accounting principle                                 (7.6)
                                                       --------
Net Earnings (loss)                                       ($7.6)
                                                       ========


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

Cash Provided From (Used By) Operating Activities:
   Net earning (loss)                                     ($7.6)
Adjustments to reconcile net earnings (loss) to net cash:
   Depreciation and amortization                           14.6
   Adjustment of assets held for sale and
      other long-lived assets to fair value                   -
   Asbestos charge                                            -
   Summary of unpaid postpetition debits                      -
   Cumulative effect of change in acctg. principle            -
   Change in post-employment benefits                       7.3
   Decrease (increase) in accounts receivable               1.3
   Decrease (increase) in inventories                      (1.5)
   Increase (decrease) in accounts payable                 (8.2)
   Change in other assets & other liabilities             (28.4)
   Change in restructuring charge                             -
   Refunds (payments) against asbestos liability              -
                                                       --------
Net Cash Provided From Operating Activities               (22.6)

Cash Provided From (Used By) Investing Activities:
   Expenditures for property, plant & equipment            (6.3)
   Proceeds from sale of property, plant & equipment          -
   Proceeds from sale of businesses                           -
   Business acquisitions, net of cash acquired                -
   Other                                                      -
                                                       --------
Net Cash Provided From (Used By) Investing Activities      (6.3)

Cash Provided From (Used By) Financing Activities:
   Increase (decrease) in debt                              8.8
   Sale of accounts receivable under securitization           -
   Dividends                                                  -
   Other                                                    1.4
                                                       --------
Net Cash Provided From Financing Activities                10.2

Increase (Decrease) in Cash and Equivalents               (18.7)

Cash and equivalents at beginning of period                86.6
                                                       --------
Cash and equivalents at end of period                     $67.9
                                                       ========

                       About Federal-Mogul

Based in Southfield, Michigan, Federal-Mogul Corporation --
http://www.federal-mogul.com/-- is an automotive parts company
with worldwide revenue of some $6 billion.  Federal-Mogul also has
operations in Mexico and the Asia Pacific Region, which includes,
Malaysia, Australia, China, India, Japan, Korea, and Thailand.

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

On March 7, 2003, the Debtors filed their Joint Chapter 11 Plan.  
They submitted a Disclosure Statement explaining that plan on
April 21, 2003.  They submitted several amendments and on June 6,
2004, the Bankruptcy Court approved the Third Amended Disclosure
Statement for their Third Amended Plan.  On July 28, 2004, the
District Court approved the Disclosure Statement.  The estimation
hearing began on June 14, 2005.  The Debtors submitted a Fourth
Amended Plan and Disclosure Statement on Nov. 21, 2006, and the
Bankruptcy Court approved that Disclosure Statement on Feb. 6,
2007.

The Bankruptcy Court confirmed the Fourth Amended Plan on Nov. 8,
2007.

(Federal-Mogul Bankruptcy News, Issue No. 154; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or   
215/945-7000).


LEVITT & SONS: Files Schedules of Assets and Liabilities
--------------------------------------------------------  

A.   Real Property                                            $0

B.   Personal Property
B.1  Cash on hand                                              0
B.2  Bank Accounts                                
     Bank Atlantic - escrow-customer dep                 206,930
     City National Bank - Florida main operating       3,859,393
       account
     City National Bank - Florida consumer deposit       407,664
       escrow
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                                        0
B.10 Annuities                                                 0
B.11 Interests in an education IRA                             0
B.12 Interests in pension plans                                0
B.13 Stock and Interests                            Undetermined
B.14 Interests in partnerships & joint venture                 0
B.15 Government and corporate bonds                            0
B.16 Accounts Receivable                                       0
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       Undetermined
B.22 Patents                                                   0
B.23 Licenses, franchises & other intangibles                  0
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                                   0
  
       TOTAL SCHEDULED ASSETS                         $4,473,987
       =========================================================  
  
C.   Property Claimed as Exempt                               $0
  
D.   Creditors Holding Secured Claims                          0
  
E.   Creditors Holding Unsecured Priority Claims               0
  
F.   Creditors Holding Unsecured Non-priority Claims
     Trade Payable:
      KeyBanc National Association                     1,262,887
     Litigation:
      Collins Roofing Inc.                          Undetermined
      JC Contractors Inc.                           Undetermined
     Employees:
      Kathi James                                        127,429
      Rainey Rissman                                     100,615
      Others                                             474,746
     Debt:
      Bank of America                                103,859,044
      KeyBanc                                         96,478,909
      Ohio Savings Bank                                1,091,849
      Regions Bank                                    24,734,018
      Wachovia Bank                                  112,476,507

       TOTAL SCHEDULED LIABILITIES                  $340,606,004
       =========================================================

Based in Fort Lauderdale, Florida, Levitt and Sons LLC --
http://www.levittandsons.com/-- is the homebuilding subsidiary of     
Levitt Corporation (NYSE:LEV).  Levitt Corp. --
http://www.levittcorporation.com/-- together with its       
subsidiaries, operates as a homebuilding and real estate
development company in the southeastern United States.  The
company operates in two divisions, homebuilding and land.  The
homebuilding division primarily develops single and multi-family
homes for adults and families in Florida, Georgia, Tennessee, and
South Carolina.  The land division engages in the development of
master-planned communities in Florida and South Carolina.

Levitt and Sons LLC and 38 of its homebuilding affiliates filed
for Chapter 11 protection on Nov. 9, 2007 (Bankr. S.D. Fla. Lead
Case No. 07-19845).  Paul Singerman, Esq. and Jordi Guso, Esq., at
Berger Singerman, P.A., represent the Debtors in their
restructuring efforts.  The Debtors chose AP Services, LLC as
their crisis managers, and Kurtzman Carson Consultants, LLC as
their claims and noticing agent.  Levitt Corp., the parent
company, is not included in the bankruptcy filing.

The Debtors' latest consolidated financial condition as of
Sept. 30, 2007 reflect total assets of $900,392,000, and total
liabilities of $780,969,000.  The Debtors exclusive period for
plan filing expires on March 8, 2008.  (Levitt and Sons Bankruptcy
News, Issue No. 4; Bankruptcy Creditors' Service Inc.;
http://bankrupt.com/newsstand/or 215/945-7000)


NEW CENTURY: Incurs $42,714,743 Net Loss in September 2007
----------------------------------------------------------

           New Century Financial Corp. and Affiliates
                   Consolidated Balance Sheet
                    As of September 30, 2007

Assets
Current Assets:
Unrestricted Cash and Equivalents                  $116,446,774
Restricted Cash and Equivalents                      18,400,223
Accounts Receivable, Net                                      0
Notes Receivable                                              0
Inventories                                                   0
Prepaid Expenses                                     10,438,652
Professional Retainers                                        0
Other Current Assets                                 78,650,124
                                                 --------------
Total Current Assets                                223,935,773
                                                 --------------
Property and Equipment                               61,686,771
Other Assets                                      7,595,965,203
                                                 --------------
Total Assets                                     $7,881,587,747
                                                 ==============

Liabilities and Owners' Equity
Liabilities Not Subject to Compromise:
   Accounts Payable                                          $0
   Professional Fees                                 33,505,821
Liabilities Subject to Compromise:
   Secured Debt                                   7,255,428,803
   Priority Debt                                      2,739,519
   Unsecured Debt                                   251,784,271
                                                 --------------
Total Liabilities                                 7,543,458,414
                                                 --------------
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               (1,088,392,467)
   Retained Earnings - Postpetition                (753,803,557)
   Adjustments to Owner Equity                                0
   Postpetition Contributions                                 0
                                                 --------------
Net owner Equity                                    338,129,333
                                                 --------------
Total Liabilities and Owners' Equity             $7,881,587,747
                                                 ==============


           New Century Financial Corp. and Affiliates
             Consolidated Statement of Operations
                Month Ended September 30, 2007

Revenues                                           ($21,502,294)
Cost of Goods Sold                                            0
Operating Expenses:
   Advertising                                           11,875
   Employee Benefits Programs                            93,405
   Insurance                                            201,434
   Office Expense                                       722,275
   Rent and Lease Expense                             1,544,582
   Salaries, Commissions, & Fees                      1,549,204
   Travel and Entertainment                               6,822
   Other                                              1,784,118
Depreciation, Depletion & Amortization                2,105,405
                                                 --------------
Net Profit (Loss) before Other Income & Expenses    (29,521,414)
Other Expenses                                                0
Reorganization Items:
   Professional Fees                                 13,404,254
   Interest Earned for Accumulated Cash                (210,925)
Income Taxes                                                  0
                                                 --------------
Net Profit (Loss)                                  ($42,714,743)
                                                 ==============


           New Century Financial Corp. and Affiliates
          Schedule of Cash Receipts and Disbursements
                 Month Ended September 30, 2007

Cash, Beginning of month                           $109,097,752

Total Receipts                                       15,645,569
Total Disbursements                                  (8,296,547)
                                                 --------------
Net Cash Flow                                         7,349,022
                                                 --------------
Cash, End of month                                 $116,446,774
                                                 ==============

[The consolidated financial statements include non-debtor
affiliates and subsidiaries of New Century Financial Corp.]

                    About New Century Financial

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


SEA CONTAINERS: SeaCon Ltd. Files Sept. 2007 Operating Report
-------------------------------------------------------------

                     Sea Containers, Ltd.
                    Unaudited Balance Sheet
                    As of September 30, 2007

                            Assets

Current Assets
   Cash and cash equivalents                    $42,482,514       
   Trade receivables, less allowances
     for doubtful accounts                          394,923
   Due from related parties                         711,255
   Prepaid expenses and other current as            540,013
                                               ------------
      Total current assets                       44,128,705

Fixed assets, net                                         -



Long-term equipment sales receivable, net                 -
Investments in group companies                  143,546,856
Intercompany receivables                                  -
Investment in equity ownership interests        220,170,010
Other assets                                      3,941,292       
                                               ------------
Total assets                                   $411,786,863
                                               ============

               Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                               5,424,386       
   Accrued expenses                              55,840,265       
   Current portion of long-term debt            172,107,141
   Current portion of senior notes              385,351,436
                                               ------------
     Total current liabilities                  618,723,228

Total shareholders' equity                     (206,936,365)
                                               ------------
Total liabilities and shareholders' equity     $411,786,863
                                               ============


                       Sea Containers, Ltd.
                Unaudited Statement of Operations
             For the Month Ended September 30, 2007

Revenue                                            (947,966)

Costs and expenses:
   Operating income                                 167,601
   Selling, general and
    administrative expenses                      (3,488,212)
   Professional fees                             (3,752,843)
   Charges to provide against
     intercompany accounts                       (1,233,807)
   Impairment of investment in subsidy Co.                -
   Forgiveness of intercompany debt                       -
   Depreciation and amortization                          -
                                               ------------
     Total costs and expenses                    (8,307,261)
                                               ------------       

Gain or (Loss) on sale of assets                   (127,181)
                                               ------------
Operating income (loss)                          (9,382,408)

Other income (expense)
   Interest income                                  171,764       
   Foreign exchange gains or (losses)                 5,810
   Interest expense, net                         (4,696,684)
                                               ------------
Income (Loss) before taxes                      (13,901,518)
Income tax expense                               (6,014,000)
                                               ------------
Net (Loss)                                     ($19,915,518)
                                               ============

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

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

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

The Official Committee of Unsecured Creditors and the Financial
Members Sub-Committee of the Official Committee of Unsecured
Creditors of Sea Containers Ltd. is represented by William H.
Sudell, Jr., Esq., and Thomas F. Driscoll, Esq., at Morris,
Nichols, Arsht & Tunnell LLP.  Sea Containers Services, Ltd.'s
Official Committee of Unsecured Creditors is represented by
attorneys at Willkie Farr & Gallagher LLP.  In its schedules filed
with the Court, Sea Containers disclosed total assets of
$62,400,718 and total liabilities of $1,545,384,083.  The Debtors'
exclusive period to file a chapter 11 plan expires on Dec 21,
2007.  (Sea Containers Bankruptcy News, Issue No. 30; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or    
215/945-7000).


SEA CONTAINERS: SeaCon Services Files Sept. 2007 Operating Report
-----------------------------------------------------------------

                    Sea Containers Services
                    Unaudited Balance Sheet
                   As of September 30, 2007

                            Assets

Current Assets
  Cash and cash equivalents                            $649        
  Trade receivables                                   2,403       
  Due from related parties                        2,103,050
  Prepaid expenses and other current assets       3,667,318
                                               ------------
      Total current assets                        5,773,420

Fixed assets, net                                 2,251,364

Investments                                       2,744,640
Intercompany receivables                         51,630,282
Other assets                                              0
                                               ------------
Total assets                                    $62,399,708
                                               ============

              Liabilities and Shareholders' Equity

Current Liabilities
  Accounts payable                               $2,853,709       
  Accrued expenses                                2,506,022       
  Current portion of long-term debt               1,681,656
                                               ------------
      Total current liabilities
7,041,386                   

Total shareholders' equity                       55,358,321
                                               ------------
Total liabilities and shareholders' equity      $62,399,708
                                               ============


                     Sea Containers Services
                 Unaudited Statement of Operations
             For the Month Ended September 30, 2007

Revenue                                            $796,787

Costs and expenses:
  Operating costs                                         -
  Selling, general and
   administrative expenses                         (457,217)
  Professional Fees                                (191,833)
  Other charges                                           0
  Depreciation and amortization                     (97,186)
                                               ------------
   Total costs and expenses                        (746,236)
                                               ------------

Gains on sale of assets                                   0
                                               ------------
Operating income (loss)                              50,551

Other income (expense)
  Interest income                                        92        
  Foreign exchange gains (losses)                      (745)
  Interest expense, net                             (12,040)
                                               ------------
Income (Loss) before taxes                           37,858
Income tax credit                                         0
                                               ------------
Net Income                                          $37,858
                                               ============

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

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

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

The Official Committee of Unsecured Creditors and the Financial
Members Sub-Committee of the Official Committee of Unsecured
Creditors of Sea Containers Ltd. is represented by William H.
Sudell, Jr., Esq., and Thomas F. Driscoll, Esq., at Morris,
Nichols, Arsht & Tunnell LLP.  Sea Containers Services, Ltd.'s
Official Committee of Unsecured Creditors is represented by
attorneys at Willkie Farr & Gallagher LLP.  In its schedules filed
with the Court, Sea Containers disclosed total assets of
$62,400,718 and total liabilities of $1,545,384,083.  The Debtors'
exclusive period to file a chapter 11 plan expires on Dec 21,
2007.  (Sea Containers Bankruptcy News, Issue No. 30; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or    
215/945-7000).


SEA CONTAINERS: SeaCon Carribean Files Sept. 2007 Operating Report
------------------------------------------------------------------
Sea Containers Carribean Inc. reported zero assets and accounts
payable of $3,530,094, as its sole liabilities in its September
2007 balance sheet.

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

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

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

The Official Committee of Unsecured Creditors and the Financial
Members Sub-Committee of the Official Committee of Unsecured
Creditors of Sea Containers Ltd. is represented by William H.
Sudell, Jr., Esq., and Thomas F. Driscoll, Esq., at Morris,
Nichols, Arsht & Tunnell LLP.  Sea Containers Services, Ltd.'s
Official Committee of Unsecured Creditors is represented by
attorneys at Willkie Farr & Gallagher LLP.  In its schedules filed
with the Court, Sea Containers disclosed total assets of
$62,400,718 and total liabilities of $1,545,384,083.  The Debtors'
exclusive period to file a chapter 11 plan expires on Dec 21,
2007.  (Sea Containers Bankruptcy News, Issue No. 30; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or    
215/945-7000).


TWEETER HOME: Posts $1,062,986 Net Loss in Month Ended June 30
--------------------------------------------------------------

         Tweeter Home Entertainment Group, Inc., et al.
                   Consolidated Balance Sheet
                      As of June 30, 2007

Assets
Current Assets:
   Cash and Cash Equivalents                         $1,902,438
   Accounts Receivable                                3,560,674
   Inventory                                         47,173,213
   Deferred Tax Assets                                        -
   Prepaid Expenses and Other Current Assets         11,435,232
                                                 --------------
      Total Current Assets                           64,071,557

   Property and Equipment                            65,021,337
   Long-Term Investments                              3,380,180
   Intangible Assets, Net                                     -
   Other Assets                                         914,973
   Goodwill                                           4,375,723
                                                 --------------
Total Assets                                       $137,763,770
                                                 ==============

Liabilities and Owners' Equity
Liabilities Not Subject to Compromise
  (Postpetition):
   Current Portion of Long-Term Debt                   $716,593
   Total Accounts Payable                                     -
                                                 --------------
      Total Postpetition Liabilities                    716,593

Liabilities Subject to Compromise (Prepetition):
   Deferred Compensation                              2,771,587
   Accrued Expenses                                  35,581,646
   Customer Deposits                                 15,365,465
   Prepetition Accounts Payable                      27,523,625
                                                 --------------
      Total Prepetition Liabilities                 $81,242,323

Secured Bank Debt                                    20,879,643

Other Long-Term Liabilities:
   Accrued Income Taxes                                 951,185
   Long-Term Restructuring and Discontinued
      Store Reserve                                   3,832,198
   Rent-Related Accruals                             22,335,504
                                                 --------------
      Total Other Long-Term Liabilities              27,118,887
                                                 --------------
Total Liabilities                                   129,957,446

Total Stockholder's Equity                            7,806,324
                                                 --------------
Total Liabilities and Stockholder's Equity         $137,763,770
                                                 ==============


         Tweeter Home Entertainment Group, Inc., et al.
              Consolidated Statement of Operations
               For the Month Ended June 30, 2007

Revenue                                             $19,360,078
Cost of Goods Sold                                   13,732,339
                                                 --------------
Gross Profit                                          5,627,739

Controllable Expenses                                 4,082,217
Non-Controllable Expenses                             2,206,737
                                                 --------------
Total Operating Expenses                              6,288,954
                                                 --------------
Operating Income                                       (661,215)

Other Income (Expense)                                 (401,771)
                                                 --------------
Earnings Before Tax                                  (1,062,986)

Taxes                                                         -
                                                 --------------
Net Income                                          ($1,062,986)
                                                 ==============


         Tweeter Home Entertainment Group, Inc., et al.
          Schedule of Cash Receipts and Disbursements
               For the Month Ended June 30, 2007

Cash, Beginning of Month                               $151,056

Cash Receipts:
   Transfers from DIP Accounts                          785,590
                                                 --------------
Total Receipts                                          785,590

Total Disbursements                                           -
                                                 --------------
Net Cash Flow                                           785,590
                                                 --------------
Cash, End of Month                                     $936,646
                                                 ==============

Based in Canton, Mass., Tweeter Home Entertainment Group Inc.
-- http://www.tweeter.com/-- retails mid-to high-end audio and     
video consumer electronics products.  Tweeter and seven of its
affiliates filed for chapter 11 Protection on June 11, 2007
(Bankr. D. Del. Case Nos. 07-10787 through 07-10796).  Gregg M.
Galardi, Esq., Mark L. Desgrosseilliers, Esq., and Sarah E.
Pierce, Esq., at Skadden, Arps, Slate, Meagher & Flom, LLP,
represent the Debtors.  Kurtzman Carson Consultants LLC acts as
the Debtors' claims and noticing agent.  As of Dec. 21, 2006,
Tweeter had total assets of $258,573,353 and total debts of
$190,417,285.  The Court gave the Debtors until Feb. 6, 2008 to
file a plan of reorganization.

Bruce Grohsgal, Esq., William P. Weintraub, Esq., and Rachel Lowy
Werkheiser, Esq., at Pachulski Stang Ziehl & Jones LLP; and Scott
L. Hazan, Esq., Lorenzo Marinuzzi, Esq., and Todd M. Goren, Esq.,
at Otterbourg, Steindler, Houston & Rosen, P.C., represent the
Official Committee of Unsecured Creditors.  The Debtors' exclusive
period to file a chapter 11 plan expires on Feb. 6, 2008.  
(Tweeter Bankruptcy News, Issue No. 14, Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).

                             *********

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

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

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

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

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

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

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

                             *********

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

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