TCR_Public/071126.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

           Monday, November 26, 2007, Vol. 11, No. 280

                             Headlines



1775 AQUA: Submits Schedules of Assets and Liabilities
1775 AQUA: U.S. Trustee Will Not Appoint Creditors Panel
1775 AQUA: Wants Court Approval for Scott Orth as Counsel
ADVANCED MEDICAL: Names Richard Meier as President
AFFILIATED COMPUTER: Inks $18.5 Million Deal with Idaho Medicaid

ALERIS INTERNATIONAL: Selling US Zinc Business for $295 Million
BELL CANADA: To Redeem $850 Million of Debt on December 28
BCE INC: Gets Requisite Tenders for Preferred Share Conversions
BODISEN BIOTECH: Posts $2.9 Million Net Loss in Third Quarter
BROTMAN MEDICAL: Committee Balks at CapSource's DIP Financing

CABLE & WIRELESS: Excessive Executive Payout Angers Investors
CATHOLIC CHURCH: Murphy Named as UCR in Davenport's Case
CATHOLIC CHURCH: Murphy Selects AlixPartners as Financial Advisor
CHANCELLOR GROUP: Sept. 30 Balance Sheet Upside-Down by $573,157
COWCAT ENTERPRISES: Voluntary Chapter 11 Case Summary

DELTA AIR: Pardus Urges Stock-for-Stock Merger with UAL
EARTH BIOFUELS: Sept. 30 Balance Sheet Upside-Down by $20.5 Mil.
EXPRESS FINANCIAL: Case Summary & 40 Largest Unsecured Creditors
FASHION HOUSE: Sept. 30 Balance Sheet Upside-Down by $16.1 Million
FEDERAL-MOGUL: To Issue $305,236,000 in Senior Notes

FEDERAL-MOGUL: Thornwood to Own 25% of Reorganized Debtors' Stock
GLO-TEX INTERNATIONAL: Involuntary Chapter 11 Case Summary
IONICA PLC: Plan Supervisors To Pay Dividend on November 30
JOAN FABRICS: Court Converts Bankruptcy Case to Chapter 7
JOHN FRANCIS QUINN: Chapter 15 Petition Summary

JOYCE DON ASSOCIATES: Court Approves Wolff Hill as Attorney
LAFAYETTE NEIGHBORHOOD: Wants Court Permission to Sell Four Lots
LAFAYETTE NEIGHBORHOOD: Wants to Hire Kim Davis as Broker
LAFAYETTE NEIGHBORHOOD: U.S. Trustee Forms Seven-Member Committee
LEVITT AND SONS: Court Okays AP Services as Crisis Managers

LEVITT AND SONS: Gets Court OK to Close On Pre-Bankr. Home Sales
LEVITT AND SONS: Court Oks Return of Escrowed Homebuyers' Deposits
LEVITZ FURNITURE: Alters Retention Request for Rodman & Renshaw
LEVITZ FURNITURE: Section 341(a) Meeting Scheduled on January 8
LYONDELL CHEMICAL: Launches Cash Tender Offer for $4 Billion Notes

LYONDELL CHEMICAL: Shareholders Approve Basell Merger Plan
MAJESTIC STAR: Setp. 30 Balance Sheet Upside-Down by $157.4 Mil.
MARSHALL HOLDINGS: Posts $711,208 Net Loss in Third Quarter
MATTRESS USA OF VA: Case Summary & 20 Largest Unsecured Creditors
MORRIS LUMBER: Case Summary & 20 Largest Unsecured Creditors

MYSTIQUE ENERGY: Posts CDN$3.3 Mil. Net Loss in Third Quarter 2007
NETBANK INC: Court OKs GGG Inc. as Crisis & Restructuring Managers
NETBANK INC: U.S. Trustee Appoints Six-Member Creditors Committee
NEXTPHASE WIRELESS: Sept. 30 Balance Sheet Upside-Down by $3 Mil.
PROVIDENCE SERVICE: Earns $3.2 Million in Quarter Ended Sept. 30

QUEBECOR WORLD: Moody's Puts B3 Corp. Family Rating Under Review
SECURITY WITH: Scott Sutton Resigns as President and Director
SECURITY WITH ADVANCED: Posts $6.1 Mil. Net Loss in Third Quarter
SEYCHELLE ENV'L: Aug. 31 Balance Sheet Upside-Down by $316,506
SHAFFER & SON: Voluntary Chapter 11 Case Summary

SIENA TECH: Sept. 30 Balance Sheet Upside-Down by $3.5 Million
SPECIALTY ORIENT: Voluntary Chapter 11 Case Summary
STANDARD DRILLING: Posts $9,674,651 Net Loss in Third Quarter
TAL ENTERPRISES: Judge Paskay Dismisses Chapter 11 Case
TEN GRAND: Case Summary & 13 Largest Unsecured Creditors

TEXHOMA ENERGY: June 30 Balance Sheet Upside-Down by $3,122,566
TEXHOMA ENERGY: March 31 Balance Sheet Upside-Down by $3,115,823
THOMAS KICINSKI: Case Summary & 11 Largest Unsecured Creditors
TOPPS MEAT: Liquidates Under Chapter 7 with New Jersey Court
TRUEYOU.COM:  Amper Politziner Expreses Going Concern Doubt

UAL CORP: Pardus Urges Stock-for-Stock Merger with Delta
VISION DEVELOPMENT: Can Access Cash Collateral from CORUS Bank
VISION DEVELOPMENT: Court Approves Greenberg as Special Counsel
WATERFORD WEDGWOOD: Cost-Cutting Measures to Affect 1,400 Jobs
WESTBANK CHRISTIAN: Voluntary Chapter 11 Case Summary

WILLIAM STREET: Case Summary & 18 Largest Unsecured Creditors

* BOND PRICING: For the Week of November 19 - November 23, 2007



                             *********

1775 AQUA: Submits Schedules of Assets and Liabilities
------------------------------------------------------
1755 Aqua Vista II LLC submitted to the U.S. Bankruptcy Court for
the Southern District of Florida its schedules of assets and
liabilities, disclosing:

     Name of Schedule               Assets         Liabilities
     ----------------             ----------       -----------
     A. Real Property            $14,000,000
     B. Personal Property                  
     C. Exempt Property
     D. Creditors Holding                           $4,520,000
        Secured Claims
     E. Creditors Holding                                    
        Unsecured Priority
        Claims
     F. Creditors Holding                           $1,620,958
        Unsecured Non-Priority
        Claims
                                 -----------        ----------
        TOTAL                    $14,000,000        $6,140,958

North Miami, Florida-based 1755 Aqua Vista II LLC owns and
develops real estate in North Bay Village in Miami-Dade County,
Florida.  The Debtor filed for chapter 11 bankruptcy on Oct. 24,
2007 (Bankr. S.D. Fl. Case No. 07-19056).  The Debtor's exclusive
period to file a chapter 11 plan expires on Feb. 21, 2008.


1775 AQUA: U.S. Trustee Will Not Appoint Creditors Panel
--------------------------------------------------------
The United States Trustee informed the U.S. Bankruptcy Court for
the Southern District of Florida that until further notice, it
will not appoint members to the Official Committee of Unsecured
Creditors in the bankruptcy case of 1755 Aqua Vista II LLC.

                     About 1755 Aqua Vista

North Miami, Florida-based 1755 Aqua Vista II LLC owns and
develops real estate in North Bay Village in Miami-Dade County,
Florida.  The Debtor filed for chapter 11 bankruptcy on Oct. 24,
2007 (Bankr. S.D. Fl. Case No. 07-19056).  The Debtor's exclusive
period to file a chapter 11 plan expires on Feb. 21, 2008.


1775 AQUA: Wants Court Approval for Scott Orth as Counsel
---------------------------------------------------------
1755 Aqua Vista II LLC asks the U.S. Bankruptcy Court for the
Southern District of Florida for permission to employ the Law
Offices of Scott Alan Orth, PA, as its counsel.

Scott Orth will:

   a. advise the Debtor with respect to its powers and duties as
      debtors and the continued management of business operations;

   b. advise the Debtor with respect to its responsibilities in
      complying with the United States Trustee's operating
      guidelines and reporting requirements and with the rules of
      the Court;

   c. prepare motions, pleadings, orders, applications adversary
      proceedings, and other legal documents necessary in the
      administration of the case;

   d. protect the interest of the Debtor in all matters pending
      before the Court; and

   e. represent the Debtor in negotiations with its creditors in
      the preparation of sale papers and a chapter 11 plan.

The Debtor has agreed to pay Scott Alan on an hourly basis:

      Professional                Rate
      ------------                ----
      Scott Orth, Esq.            $325
      John Penson, Esq.           $265

Other attorneys and paralegals will render services to the Debtor
as needed.

The Debtor relates to the Court that its principal has paid Scott
Orth a $10,000 retainer.

The the best of the Debtor's knowledge, Scott Orth does not
represent any interest adverse to it or its estate.

The firm can be reached at:

             Scott Alan Orth, Esq.
             The Law Offices of Scott Alan Orth, PA
             9999 Northeast, 2 Avenue #204
             Miami Shores, FL 33138
             Tel: (305) 757-3300

                      About 1755 Aqua Vista

North Miami, Florida-based 1755 Aqua Vista II LLC owns and
develops real estate in North Bay Village in Miami-Dade County,
Florida.  The Debtor filed for chapter 11 bankruptcy on Oct. 24,
2007 (Bankr. S.D. Fl. Case No. 07-19056).  The Debtor's exclusive
period to file a chapter 11 plan expires on Feb. 21, 2008.


ADVANCED MEDICAL: Names Richard Meier as President
--------------------------------------------------
Advanced Medical Optics Inc. has appointed Richard (Randy) A.
Meier as its president.  He retains his existing chief operating
officer title and responsibilities, which include leadership of
the company's eye care and cataract/implant businesses, global
customer services and manufacturing operations.

James V. Mazzo who remains the company's chairman and chief
executive officer previously held the title of president at AMO.

"Randy has assumed increasingly broad leadership roles since our
spin-off in 2002 and, over that time, has played an integral
role in the growth and development of our company," said Mr.
Mazzo.  "I am confident in his ability to serve as president,
continuing to work closely with me and the AMO leadership team
to execute our strategy and deliver on our operational and
financial goals."

Mr. Meier joined AMO in 2002 as corporate vice president and
chief financial officer.  He subsequently held various
positions, including executive vice president, operations and
president, eye care business.  In February 2007, he was named
chief operating officer and chief financial officer, a position
he held until October 2007, when Michael Lambert, 45, joined the
company as chief financial officer.

Headquartered in Santa Ana, California, Advanced Medical Optics
-- http://www.amo-inc.com/-- develops, manufactures and markets
ophthalmic surgical and contact lens care products.  Sales for
the twelve months ended June 24, 2005 were approximately
US$921 million.  The company has operations in Germany, Japan,
Ireland, Puerto Rico and Brazil.

                        *     *     *

As reported in the Troubled Company Reporter on Oct. 12, 2007,
Moody's Investors Service downgraded Advanced Medical Optics,
Inc.'s Corporate Family Rating and Probability of Default Rating
to B2 from B1.  The rating outlook was revised to stable.  These
rating actions conclude the review process for possible downgrade,
which began on May 29, 2007.


AFFILIATED COMPUTER: Inks $18.5 Million Deal with Idaho Medicaid
----------------------------------------------------------------
Affiliated Computer Services, Inc. disclosed a contract with the
Idaho Department of Health and Welfare to provide pharmacy
benefits management services for its Medicaid program.  The
contract has a length of up to 10 years and a total value of
$18.5 million, if a three-year option is exercised.
    
This contract extends a relationship that originated in 2002, when
Affiliated Computer first implemented SmartPA(R), an automated
prior authorization solution.  The company will provide several
pharmacy benefits management solutions, including pharmacy claims
processing, automated prior authorizations using SmartPA, help
desk support, Prospective Drug Utilization Review, Retrospective
Drug Utilization Review, federal and supplemental drug rebate
administration using the company's Drug Rebate Analysis and
Management System, and reporting using CyberFormance(TM).
    
"We are pleased to have the opportunity to expand and continue our
successful pharmacy benefits management partnership with the
Department of Health and Welfare," said Government Healthcare
Solutions senior vice president and managing director, Christopher
T. Deelsnyder.  "This partnership demonstrates that we work
closely with our clients to help ensure the success of their
vision for providing patients with the best care possible through
innovative clinical and technology solutions."

                About Affiliated Computer Services

Headquartered in Dallas, Affiliated Computer Services Inc. (NYSE:
ACS) -- http://www.AffiliatedComputer-inc.com/-- provides  
business process outsourcing and information technology solutions
to world-class commercial and government clients.  The company has
more than 58,000 employees supporting client operations in nearly
100 countries.  The company has global operations in Brazil,
China, Dominican Republic, India, Guatemala, Ireland, Philippines,
Poland, and Singapore.

                        *     *     *

As reported in the Troubled Company Reporter on Nov. 6, 2007,
Standard & Poor's Ratings Services kept its 'BB' corporate credit
and senior secured ratings on Dallas-based Affiliated Computer
Services Inc. on CreditWatch with negative implications, where
they were placed on March 20, 2007.


ALERIS INTERNATIONAL: Selling US Zinc Business for $295 Million
---------------------------------------------------------------
Aleris International, Inc., has entered into a definitive
agreement to sell its Zinc business, which operates under the name
US Zinc, to affiliates of Votorantim Metais Ltda. for $295 million
with certain adjustments for working capital and other items.  
Closing is subject to regulatory approvals and customary closing
conditions.
    
"The sale of US Zinc will allow Aleris to focus on our core
Aluminum business," Aleris's Chairperson and Chief Executive
Officer, Steven J. Demetriou said.  "We plan to use the net sale
proceeds to reduce leverage.  I would like to thank the US Zinc
team for their significant contributions to Aleris."

US Zinc recycles zinc metal for use in the manufacture of
galvanized steel and produces value-added zinc products, primarily
zinc oxide and zinc dust, which are used in the vulcanization of
rubber products, the production of corrosion-resistant paint and
in other specialty chemical applications.  US Zinc operates six
zinc facilities in the United States and a newly built zinc oxide
facility located outside of Shanghai, China.

                        About Aleris

Headquartered in Beachwood, Ohio, Aleris International Inc. (NYSE:
ARS) -- http://www.aleris.com/-- manufactures rolled aluminum  
products and offers aluminum recycling and the production of
specification alloys.  The company also manufactures value-added
zinc products that include zinc oxide, zinc dust and zinc metal.  
The company operates 42 production facilities in the United
States, Brazil, Germany, Mexico and Wales, and employs
approximately 4,200 employees.

                        *     *     *

As reported in the Troubled Company Reporter on Sept. 21, 2007,
Standard & Poor's Ratings Services revised its outlook on Aleris
International Inc. to negative from stable.  At the same time S&P
affirmed its 'B+' corporate credit rating and the other ratings on
the company.  Concurrently, S&P assigned a 'B-' rating to the
company's recent $105 million 9% senior notes due 2014, which are
an add-on to the company's existing $600 million 9% senior notes
due 2014.


BELL CANADA: To Redeem $850 Million of Debt on December 28
----------------------------------------------------------
Bell Canada, a wholly owned subsidiary of BCE Inc., will redeem,
prior to maturity, $850 million of debt on Dec. 28, 2007, as it is
advantageous for the company to redeem debt that would otherwise
be maturing over the next six months.  This redemption will
include all of Bell Canada's outstanding $700 million principal
amount of 6.25% Series M-10 MTN Debentures due Jan. 18, 2008, and
all of Bell Mobility Inc.'s outstanding $150 million principal
amount of 6.55% Series F Senior Unsecured Debentures due June 2,
2008.

The Series M-10 Debentures will be redeemed at a price equal to
$1,000.901 per $1,000 of principal amount of debentures plus
$27.911 for accrued and unpaid interest to the date of redemption.  
The Series F Debentures will be redeemed at a price to be
determined in accordance with their terms and conditions as
calculated on Nov. 28, 2007.

Registered holders of Series M-10 Debentures and Series F
Debentures will be sent notices providing the respective details
of these redemptions, including where to present their debentures
for payment.

Headquartered in Montreal, Bell Canada -- http://www.bell.ca/--  
is a communications company, providing consumers with solutions to
all their communications needs, including telephone services,
wireless communications, high-speed Internet, digital television
and voice over IP.  Bell also offers integrated information and
communications technology services to businesses and governments,
and is the Virtual Chief Information Officer to small and medium
businesses.  Bell is proud to be a Premier National Partner and
the exclusive Communications Partner to the Vancouver 2010 Olympic
and Paralympic Winter Games. Bell is wholly owned by BCE Inc.
(TSX/NYSE: BCE).

                           *     *     *

As reported in the Troubled Company Reporter on Sept. 26, 2007,
Standard & Poor's Ratings Services lowered its long-term corporate
credit ratings on BCE Inc. and wholly owned subsidiary Bell Canada
to 'BB-' from 'A-'.


BCE INC: Gets Requisite Tenders for Preferred Share Conversions
---------------------------------------------------------------
BCE Inc. disclosed that 6,991,775 of its 8,852,620 Cumulative
Redeemable First Preferred Shares, Series Z have been tendered
for conversion, on a one-for-one basis, into Cumulative Redeemable
First Preferred Shares, Series Y.  In addition, 12,825 of its
1,147,380 Series Y Preferred Shares have been tendered for
conversion, on a one-for-one basis, into Series Z Preferred
Shares.  Consequently, on Dec. 1, 2007, BCE will have 8,126,330
Series Y Preferred shares and 1,873,670 Series Z Preferred shares
issued and outstanding.  The Series Y Preferred Shares and the
Series Z Preferred Shares will continue to be listed on the
Toronto Stock Exchange under the symbols BCE.PR.Y and BCE.PR.Z
respectively.

The Series Y Preferred Shares will pay a monthly floating
adjustable cash dividend for the five-year period beginning on
Dec. 1, 2007, as and when declared by the Board of Directors of
BCE.  The Series Z Preferred Shares will pay on a quarterly basis,
for the five-year period beginning on Dec. 1, 2007, as and when
declared by the Board of Directors of BCE, a fixed dividend
based on an annual dividend rate of 4.331%.

Under and subject to the terms and conditions of a definitive
agreement entered into by BCE Inc. in connection with its
acquisition by an investor group led by Teachers' Private Capital,
the private investment arm of the Ontario Teachers' Pension Plan,
Providence Equity Partners Inc. and Madison Dearborn Partners,
LLC, the purchaser has agreed to purchase all outstanding
Series Y Preferred Shares for a price of $25.50 per share,
together with accrued but unpaid dividends to the Effective Date.  
The purchaser has also agreed, on and subject to the terms and
conditions of the Definitive Agreement, to purchase all
outstanding Series Z Preferred Shares for a price of $25.25 per
share, together with accrued but unpaid dividends to the Effective
Date.  The Board of BCE Inc. has received opinions as to the
fairness, from a financial point of view, of the consideration to
be paid for the preferred shares from BCE Inc.'s financial
advisors.

Headquartered in Montreal, Quebec, BCE Inc. (TSX/NYSE: BCE) --
http://www.bce.ca/-- is a communications company, providing     
comprehensive and innovative suite of communication services to
residential and business customers in Canada.  Under the Bell
brand, the company's services include local, long distance and
wireless phone services, high-speed and wireless Internet access,
IP-broadband services, information and communications technology
services (or value-added services) and direct-to-home satellite
and VDSL television services.  Other BCE holdings include Telesat
Canada and an interest in CTVglobemedia.

                           *     *     *

As reported in the Troubled Company Reporter on Sept. 26, 2007,
Standard & Poor's Ratings Services lowered its long-term corporate
credit ratings on BCE Inc. and wholly owned subsidiary Bell Canada
to 'BB-' from 'A-'.


BODISEN BIOTECH: Posts $2.9 Million Net Loss in Third Quarter
-------------------------------------------------------------
Bodisen Biotech Inc. reported a net loss of $2.9 million on net
revenue of $2.3 million for the third quarter ended Sept. 30,
2007, compared with net income of $3.2 million on net revenue of
$12.7 million in the same period in 2006.  

At Sept. 30, 2007, the company's consolidated balance sheet showed
$77.4 million in total assets, $1.1 million in total liabilities,
and $76.3 millionin total stockholders' equity.

The significant decrease in revenue was due to the much smaller
customer base in the three months ended Sept. 30, 2007, as
compared to Sept. 30, 2006, as a result of the loss of customers
following the company's delisting from the American Stock
Exchange, as well as, to a lesser extent, a storm and drought,
which affected crop plantings in the three-month period and
decreased the use of fertilizers.

Net operating expenses increased to $3.5 million for the three
months ended Sept. 30, 2007, from $1.7 million for the three
months ended Sept. 30, 2006.  The significant increase is due to a
loss of approximately $1.7 million due to storm damage in August
2007.  Excluding the effects of the storm damage, operating
expenses increased slightly, primarily due to increased labor
costs.

The company had total non-operating expense of $557,842 for the
three months ended Sept. 30, 2007, compared to total non-operating
income of $28,817 for the three months ended Sept. 30, 2006.  
Other expense amounted to $639,729 for the three months ended
Sept. 30, 2007, compared to $31,771 for three months ended
Sept.  30, 2006.  The increase is primarily the result of a
foreign currency transaction loss.

                       Going Concern Doubt

As reported in the Troubled Company Reporter on May 8, 2007,
Kabani & Company Inc., in Los Angeles, expressed substantial doubt
about Bodisen Biotech Inc.'s ability to continue as a going
concern after auditing the company's consolidated financial
statements for the years ended Dec. 31, 2006, and 2005.  The
auditing firm pointed to certain lawsuits filed by investors
against the company and the company being subject to potential
claims from certain investors who have a right to receive the
company's shares.

                  Lawsuits filed by Shareholders

In late 2006, various shareholders of the company filed eight
purported class actions in the U.S. District Court for the
Southern District of New York against the company and certain of
its officers and directors, asserting claims under the federal
securities laws.  The complaints contain general and non-specific
allegations about prior financial disclosures and its internal
controls and a prior, now-terminated relationship with a financial
advisor.

The eight actions are Stephanie Tabor vs. Bodisen Inc., et al.,
Case No. 06-13220 (filed November 2006), Fraser Laschinger vs.
Bodisen Inc., et al., Case No. 06-13254 (filed November 2006),
Anthony DeSantis vs. Bodisen Inc., et. al., Case No. 06-13454
(filed November 2006), Yuchen Zhou vs. Bodisen Inc., et. al., Case
No. 06-13567 (filed November 2006), William E. Cowley vs. Bodisen
Inc., et. al., Case No. 06-13739 (filed December 2006), Ronald
Stubblefield vs. Bodisen Inc., et. al., Case No. 06-14449 (filed
December 2006), Adam Cohen vs. Bodisen Inc., et. al., Case No. 06-
15179 (filed December 2006) and Lawrence M. Cohen vs. Bodisen
Inc., et. al., Case No. 06-15399 (filed December 2006).  

The court has consolidated each of the actions into a single
proceeding.  The time for the company to respond formally to these
lawsuits has not come and thus, the company has not done so.  The
complaints do not specify an amount of damages that plaintiffs
seek.

                      About Bodisen Biotech

Headquartered in Shaanxi province, China, Bodisen Biotech Inc.
(Other OTC: BBCZ.PK) -- http://www.bodisen.com/-- is a Delaware  
corporation which manufactures liquid and organic compound
fertilizers, pesticides, insecticides and agricultural raw
materials certified by the Petroleum Chemical Industry
Administrative office of China, Shaanxi provincial government and
Chinese government.


BROTMAN MEDICAL: Committee Balks at CapSource's DIP Financing
-------------------------------------------------------------
The Official Committee of Unsecured Creditors ask the United
States Bankruptcy Court for the Central District of California to
deny Brotman Medical Center Inc. access to CapSource Finance LLC's
postpetion financing.

In its objection, the Committee argued that the financial
covenants contained in the DIP agreement the Debtor entered into
with CapitalSource could create an undue risk of default.  The
Committee points out, among others, that the permitted variance
should be 10% rather than 5% as set forth in the agreement, which
will provide the Debtor opportunity to comply.

The Committee said that CapSource seeks to deny the Debtor's
unsecured creditors and the estates basic bankruptcy rights
to which both are entitled.  As a result, CapSource obtained
advantage at the expense of the unsecured creditors, according
to the Committee.

The Committee listed provisions prejudicial to unsecured creditors
and the estate, among others:

   a) fire sale process ensuring generation of less than the
      maximum value;

   b) waiver of the estate's rights to seek use of cash collateral
      if CapSource ceases to fund;

   c) abbreviated period during which the Committee may
      investigate and challenge CapSource's prepetiton claims and
      liens;

   d) automatic relief from stay upon default with no hearing or
      further Court order; and

   e) waiver of the estate's right to contest any demand made by
      CapSource in connection with the DIP financing.

As reported in the Troubled Company Reporter on Nov. 8, 2007
the Debtor obtained authority, on an interim basis, from the
Court to access up to $19,875,000 in postpetition financing from
CapitalSource Finance LLC.

The Debtor told the Court that before the bankruptcy filing
CapitalSource made certain loans, revolving credit and other
financial accomodations available to the Debtor.

The DIP financing facility was designed to permit the hospital to
fund its working capital needs during the chapter 11 case,
including obligations to its employees, trade vendors, suppliers
and service providers.

The Debtor granted in favor of the DIP lender security interest
and liens and superiority claims status pursuant to Section 364
of the Bankruptcy Code, as adequate protection.

In addition, the DIP lender will be entitled to receive adequate
protection payments equal to a rate of prime plus 5.5% per annum
on the outstanding amount due under the credit facility.

The Court will convene a hearing on Nov. 28, 2007, at 10:00 a.m.,
to consider final approval of the Committee's request.

Headquartered in Culver City, California, Brotman Medical Center
Inc. -- http://www.brotmanmedicalcenter.com/-- provides range of    
inpatient and outpatient services, as well as rehabilitation,
psychiatric care and chemical dependency.  The company filed
for Chapter 11 protection on Oct. 25, 2007 (Bankr. C.D. Calif.
Case No. 07-19705).  The Debtor has selected Kurtzman Carson
Consultants LLC as its claims and noticing agent.  Thomas E.
Patterson, Esq., David A. Fidler, Esq., Stacia A. Neeley, Esq.,
and Courtney E. Pozmantier, Esq., at Klee, Tuchin, Bogdanoff &
Stern LLP, represent the Debtor.  The Official Committee of
Unsecured Creditors has selected Benjamin S. Seigel, Esq., and
Paul S. Arrow, Esq., at Buchalter Nemer, as its counsel.  When
the Debtor filed for protection against its creditors, it listed
assets and debts between $1 million and $100 million.  The
Debtor's exclusive period to file a chapter 11 plan expires on
Feb. 22, 2008.


CABLE & WIRELESS: Excessive Executive Payout Angers Investors
-------------------------------------------------------------
Cable & Wireless plc is facing yet another dispute with investors
and unions over excessive executive rewards following a management
shake-up, the Times reports.

On Nov. 13, 2007, C&W implemented changes to the management of its
International business in preparation for driving the next phase
of its value creation.

Harris Jones is to step down as chief executive of International
and as a director, and leave the business towards the end of 2007
once handover is complete.

As disclosed, Mr. Jones will receive his contractual entitlement
on leaving, including GBP4.3 million for his pro-rated share in
the Long Term Incentive Plan having delivered value creation on
behalf of shareholders from International of over GBP1 billion
since he joined in November 2004, of which three quarters of a
billion has been created since the commencement of the LTIP on
April 1, 2006.  There will be no additional charge to shareholders
for the LTIP regarding this management change as there is a finite
pool of units in the plan.

However, according to investors, Mr. Jones' departure came amid a
weakening performance in the company's international division, the
Times relates.

John Pluthero is to become executive chairman of International
with immediate effect, while continuing his similar role for
Europe, Asia & US.  Mr. Pluthero will receive 50% of Mr. Jones'
LTIP units for the remaining life of the LTIP after deduction of
the LTIP payment above to Mr. Jones.

Peter Montagnon, the Association of British Insurers' director of
investment affairs, told the Times it would go over the latest
revisions of the C&W's remuneration scheme, which he describes as
"quite unusual".

At its Annual General Meeting on July 20, 2007, C&W recommended
the removal of the GBP20 million cap on the amount that can be
received by an individual within the LTIP, which angered
investors, Elizabeth Judge writes for the Times.

Headquartered in London, England, Cable & Wireless Plc --
http://www.cw.com/new/-- provides voice, data and IP (Internet
Protocol) services to business and residential customers, as
well as services to other telecoms carriers, mobile operators
and providers of content, applications and Internet services.
The company has operations are in the United Kingdom, India,
China, the Cayman Islands and the Middle East.

                        *     *     *

In April 2007, in connection with the implementation of its new
Probability-of-Default and Loss-Given-Default rating methodology
for the corporate families in the Telecommunications, Media and
technology sector, Moody's Investors Service confirmed its Ba3
Corporate Family Rating for Cable & Wireless Plc.

Moody's also assigned a Ba3 Probability-of-Default rating to the
company.


CATHOLIC CHURCH: Murphy Named as UCR in Davenport's Case
--------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Iowa
approved the request of The Diocese of Davenport and the Official
Committee of Unsecured Creditors and appointed  Michael Murphy of
Alix Partners LLP, as the Unknown Claims Representative.

As reported in the Troubled Company Reporter on Oct. 9, 2007, the
Debtor and the Committee continued their ongoing discussions
regarding the structure of a joint and consensual plan of
reorganization.

According to Richard A. Davidson, Esq., at Lane & Waterman LLP, in
Davenport, Iowa, one of the key elements of the plan is
the appointment of an unknown claims representative to represent
the interests of unknown claimants and minors, specifically
individuals:  

  a. under the age of 18 as of the bankruptcy filing;

  b. who recovered their repressed memories of sexual abuse
     after the bankruptcy filing;

  c. who had not, as of the Petition Date, discovered both the
     injury and the causal relationship between the injury and
     the sexual abuse; and

  d. whose mental illness -- including but not necessarily
     limited to, depression, post-traumatic stress disorder, and
     anxiety -- tolled the statute of limitations applicable
     under Iowa law for bringing a claim of sexual abuse.

The Diocese believes that the claimants in the four categories
hold current claims by virtue of past acts of abuse, even though
the claims may be unknown as of the present time.  Thus, the
Debtor proposes that the individual appointed be called an
"Unknown Claims Representative" and that those persons, if any,
holding the claims be referred to as "Unknown Claimants".

"It is necessary for the Diocese to be able to confirm a plan of
reorganization that deals with current claims (disclosed or not),
and any claims that might legitimately arise in the future based
on the prepetition conduct of the Debtor," Mr. Davidson told
Judge Jackwig.

It is necessary that all constituencies who assert or might assert
claims against the Diocese arising out of sexual abuse by clergy
or other workers associated with the Diocese have an opportunity
to be heard in the Reorganization Case, he added.

Mr. Davidson noted that the Diocese and the Committee recognize
that the appointment of an Unknown Claims Representative is akin
to the appointment of another committee to represent the interests
of persons holding Tort Claims.  However, the Diocese and the
Committee do not expect that the Unknown Claims Representative
will materially increase the administrative cost of the estate,
Mr. Davidson said.  Instead, the Diocese expects that the parties
will work cooperatively where the interests of their clients are
similar, to avoid unnecessary and unreasonable duplication of
efforts and to preserve assets of the estate.

The Diocese has a very limited set of resources upon which it can
draw to satisfy the present and unknown claims resulting from the
sexual abuse by clergy and others in the Diocese, Mr. Davidson
explained.  The main source of recovery for all creditors is from
the insurance carriers.  For the process to work, the insurance
carriers must accept their liability for the claims and an Unknown
Claims Representative must be appointed to represent the interests
of the Unknown Tort Claimants, Mr. Davidson maintained.

                   About Diocese of Davenport

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

The Debtor was unable to file a Chapter 11 Plan of Reorganization
when its exclusive plan-filing period expired on Nov. 16, 2007.  
(Catholic Church Bankruptcy News, Issue No. 108; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or  
215/945-7000).


CATHOLIC CHURCH: Murphy Selects AlixPartners as Financial Advisor
-----------------------------------------------------------------
Michael Murphy, the Unknown Claims Representative in the Chapter
11 case of The Diocese of Davenport, obtained authority from the
U.S. Bankruptcy Court for the Southern District of Iowa to retain
AlixPartners, LLC, s his financial advisors in performing his
duties as FCR, nunc pro tunc to Aug. 28, 2007

AlixPartners has been retained by the Official Committee of
Unsecured Creditors as its Internet Web site administrator, and
as claims agent for the Diocese.

Mr. Murphy informs the Court that AlixPartners is nationally
recognized in providing financial advisory and consultative
services in restructurings and reorganizations on behalf of
debtors, creditors, and special interest parties throughout the
United States.  He says that its experience in bankruptcy makes
it particularly qualified to act as advisors to the FCR.

As financial advisors, AlixPartners will:

  -- prepare an estimation of future claims while reviewing
     historical patterns and recent developments in law and the
     claims environment of other Chapter 11 cases;

  -- determine the amount of future claims liability and confirm
     the propriety of future settlements process by validating
     the Diocese's financial ability to meet future obligations,
     as well as underlying process, like funding and annuity;

  -- identify and address impact of important qualitative
     factors, including impact of current and prospective state
     laws and the Bankruptcy Code, as well as recent
     developments in other similar Chapter 11 cases;

  -- confirm abuse reports and abuse claims including date-
     ranges, ages of individuals involved, prior and pending
     settlements, current claim status and other critical
     factors; and

  -- render other advice and services as required by Mr. Murphy.

AlixPartners will be paid an hourly rate of $350, and will be
reimbursed for its expenses according to its customary
reimbursement policies.  AlixPartners will only bill the
bankruptcy estate for travel expenses and will not bill for its
non-working travel time.

Mr. Murphy, as managing director of AlixPartners, assures the
Court that the firm is a "disinterested person" under applicable
sections of the Bankruptcy Code.

                   About Diocese of Davenport

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

The Debtor was unable to file a Chapter 11 Plan of Reorganization
when its exclusive plan-filing period expired on Nov. 16, 2007.  
(Catholic Church Bankruptcy News, Issue No. 108; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or  
215/945-7000).


CHANCELLOR GROUP: Sept. 30 Balance Sheet Upside-Down by $573,157
----------------------------------------------------------------
Chancellor Group Inc.'s consolidated balance sheet at Sept. 30,
2007, showed $5,698,702 in total assets and $6,271,859 in total
liabilities, resulting in a $573,157 total shareholders' deficit.

The company's consolidated balance sheet at Sept. 30, 2007, also
showed strained liquidity with $313,185 in total current assets
available to pay $863,515 in total current liabilities.

The company reported a net loss of $3,752 on oil and natural gas
sales of $1,058,486 for the third quarter ended Sept. 30, 2007,
compared with a net loss of $17,612 on $-0- of revenues for the
same period last year.

The company had no production operations in calendar year 2006.  
Oil production operations began April 16, 2007.  During the three
month period ending Sept. 30, 2007, the company produced and sold
9,131 barrels of oil and produced and sold 23,689 mcf gas,
generating $1,048,032 revenues after royalties, with a one month
lag in receipt of revenues for the prior months sales.  Start up
expenditures, included debt origination expenditures, and the
required prepaid hedge were $251,456.  The company had 84 wells
actually producing oil and gas on April 16 and restored an
additional 82 wells by September 30.

On Oct. 30, 2007, due to notices of default received from Western
National Bank and CapWest Resources Inc., the company filed a
bankruptcy petition under Chapter 11 of the United States
Bankruptcy Code, and the company's operating subsidiaries, Gryphon
Production Company LLC and Gryphon Field Services LLC, filed
bankruptcy petitions under Chapter 11 of the Code on Oct. 29, and
Oct. 30, 2007, respectively.

Full-text copies of the company's consolidated financial
statements for the quarter ended Sept. 30, 2007, are available for
free at http://researcharchives.com/t/s?25aa

                      About Chancellor Group

Headquartered in Pampa, Texas, Chancellor Group Inc. (PNK:
CHAG.PK) -- http://www.thechancellorgroup.net/-- is in the  
business of acquisition, exploration, and development of natural
gas and oil properties.  The company and two of its debtor-
affiliates filed for Chapter 11 protection on Oct. 30, 2007
(Bankr. N.D.Tex. lead Case No. 07-20512).  Bill Kinkead, Esq.
represents the Debtors in their restructuring efforts.  When the
Debtors filed for protection against its creditors, they listed
total assets of $5,649,018 and total debts of $6,228,336


COWCAT ENTERPRISES: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Cowcat Enterprises, Inc.
        555 Southwest 148th Avenue
        Fort Lauderdale, FL 33325

Bankruptcy Case No.: 07-20282

Chapter 11 Petition Date: November 21, 2007

Court: Southern District of Florida (Fort Lauderdale)

Judge: Raymond B Ray

Debtor's Counsel: Edward J. Peterson III, Esq.
                  Stichter, Riedel, Blain & Prosser, P.A.
                  110 East Madison Street, Suite 200
                  Tampa, FL 33602

Estimated Assets: $1 Million to $100 Million

Estimated Debts:  $1 Million to $100 Million

The Debtor did not file a list of its 20 largest unsecured
creditors.


DELTA AIR: Pardus Urges Stock-for-Stock Merger with UAL
-------------------------------------------------------
Pardus Capital Management LP, a New York hedge fund with more
than $3,000,000,000 in assets, urged United Airlines and Delta
Air Lines to merge next year in a stock-for-stock transaction,
according to reports.

The Chicago Tribune says former Continental Airlines Inc. CEO
Gordon Bethune, an adviser to Pardus, led the 1 1/2-hour
presentation for Delta and United's major shareholders.  The
meeting was hosted by Merrill Lynch & Co.

According to The Wall Street Journal, Pardus, which purportedly
owns 5,600,000 shares of UAL and 7,000,000 shares of Delta, said
a combination of the No. 2 and No. 3 U.S. carriers by traffic,
makes sense at a time when high fuel prices are threatening to
wipe out U.S. carriers' newfound profitability.  

Combining United and Delta would create a global network that
would be favored by business travelers and save about
$585,000,000 a year by 2012, Pardus added, reports Bloomberg
News.  This is slightly less than the carriers' combined
projected earnings of $629,000,000, says Chicago Business News.

A United-Delta merger ideal also would steer more Delta
passengers onto United's Pacific routes and more United
passengers onto Delta's Latin American destinations, Chicago
Business notes.

"We believe it is imperative that you seek to enter into a merger
transaction with another carrier given the rapid rise in fuel
prices and the increased risk to the business as a stand-alone
entity," Pardus President Karim Samii and Shane Larson, a
principal, told Delta in a letter, reports Bloomberg.

Pardus apparently studied mergers involving Delta and three other
carriers before recommending United as "the most attractive and
practical combination," Bloomberg adds.

                         No Merger Talks

"We appreciate receiving Pardus' views on the best course for
Delta's future," Delta Air Lines CEO Richard Anderson said in a
statement.  "We have been consistent in our public statements
that Delta believes that the right consolidation transaction
could generate significant value for our shareholders and
employees and that strategic options should be evaluated.  With
oil at over $90 a barrel, this analysis takes on a heightened
importance as we factor those prices into our long-term planning
process."

However, Mr. Anderson denied reports ran by The Associated Press  
that it engaged in merger talks with United Airlines in early
November.  

The AP, in its report, said, part of the United and Delta merger
talks was a plan to keep the United name and corporate
headquarters in Chicago.

"There have been no talks with United regarding any type of
consolidation transaction and there are no such ongoing
discussions," Mr. Anderson said.  "Delta will not speculate on
possible airline consolidation and has reiterated its position on
the issue."

United Spokeswoman Jean Medina said, "We do not respond to wholly
inaccurate statements made by people who claim to have knowledge
when they clearly do not," reports Bloomberg.

Moreover, the United Master Executive Council has established
that there are no such talks between the two carriers, said
Captain Mark Bathurst, Chairman of the United Master Executive
Council.

"The United pilots have made a significant investment in the
future of our airline and have made it abundantly clear to
management that we will be opposed to any transaction that does
not fully recognize our sacrifices and contributions," said
Captain Bathurst.  "We will protect the interests and the future
of United pilots.  All interested parties should understand that
any plans to merge or consolidate with Delta or any other carrier
will not be met with a rubber stamp from this pilot group.

"We also remind management -- and Wall Street -- that it is the
pilots and other employees who have suffered under this
management group.  Interested parties need to recognize that the
true assets of this corporation are the pilots and other
employees and we will not sacrifice again to facilitate
consolidation,"  Captain Bathurst added.

                          About UAL Corp.

Based in Chicago, Illinois, UAL Corporation (NASDAQ: UAUA) --
http://www.united.com/-- is the holding company for United
Airlines, Inc.  United Airlines is the world's second largest
air carrier.  The airline flies to Brazil, Korea and Germany.

The company filed for chapter 11 protection on Dec. 9, 2002
(Bankr. N.D. Ill. Case No. 02-48191).  James H.M. Sprayregen,
Esq., Marc Kieselstein, Esq., David R. Seligman, Esq., and
Steven R. Kotarba, Esq., at Kirkland & Ellis, represented the
Debtors in their restructuring efforts.  Fruman Jacobson, Esq.,
at Sonnenschein Nath & Rosenthal LLP represented the Official
Committee of Unsecured Creditors before the Committee was
dissolved when the Debtors emerged from bankruptcy.  Judge
Wedoff confirmed the Debtors' Second Amended Plan on
Jan. 20, 2006.  The company emerged from bankruptcy protection
on Feb. 1, 2006.

At Sept. 30, 2007, the company's balance sheet showed total
assets of $25,608,000,000 and total liabilities of
$22,968,000,000.

                     About Delta Air

Based in Atlanta, Georgia, Delta Air Lines Inc. (NYSE:DAL) --
http://www.delta.com/-- is the world's second-largest airline
in terms of passengers carried and the leading U.S. carrier
across the Atlantic, offering daily flights to 328 destinations
in 56 countries on Delta, Song, Delta Shuttle, the Delta
Connection carriers and its worldwide partners.  Delta flies to
Argentina, Australia and the United Kingdom, among others.  The
company and 18 affiliates filed for chapter 11 protection on
Sept. 14, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-17923).
Marshall S. Huebner, Esq., at Davis Polk & Wardwell, represents
the Debtors in their restructuring efforts.  Timothy R. Coleman
at The Blackstone Group L.P. provides the Debtors with financial
advice.  Daniel H. Golden, Esq., and Lisa G. Beckerman, Esq., at
Akin Gump Strauss Hauer & Feld LLP, provide the Official
Committee of Unsecured Creditors with legal advice.  John
McKenna, Jr., at Houlihan Lokey Howard & Zukin Capital and James
S. Feltman at Mesirow Financial Consulting, LLC, serve as the
Committee's financial advisors.

The Debtors filed a chapter 11 plan of reorganization and
disclosure statement explaining that plan on Dec. 19, 2007.  On
Jan. 19, 2007, they filed revisions to the plan and disclosure
statement, and submitted further revisions to the plan on
Feb. 2, 2007.  On Feb. 7, 2007, the Court approved the Debtors'
disclosure statement.  In April 2007, the Court confirmed the
Debtors' plan.  That plan became effective on April 30, 2007.  The
Court entered a final decree closing 17 cases on Sept. 26, 2007.

As of Sept. 30, 2007, the company's balance sheet showed total
assets of $32.7 billion and total liabilities of $23 billion,
resulting in a US$9.7 billion stockholders' equity.  At Dec. 31,
2006, deficit was $13.5 billion.

                         *     *     *

As reported in the Troubled Company Reporter Oct. 18, 2007,
Standard & Poor's Ratings Services affirmed its ratings on Delta
Air Lines Inc. (B/Positive/--) and revised the rating outlook to
positive from stable.  The outlook revision is based on continued
strong earnings, cash flow generation, and debt reduction.


EARTH BIOFUELS: Sept. 30 Balance Sheet Upside-Down by $20.5 Mil.
----------------------------------------------------------------
Earth Biofuels Inc.'s consolidated balance sheet at Sept. 30,
2007, showed $87.2 million in total assets and $107.7 million in
total liabilities, resulting in a $20.5 million total
stockholders' deficit.

The company's consolidated balance sheet at Sept. 30, 2007, also
showed strained liquidity with $7.4 million in total current
assets available to pay $107.7 million in total current
liabilities.

The company reported a net loss of $35.2 million on sales revenue
of $6.5 million for the third quarter ended Sept. 30, 2007,
compared with a net loss of $15.7 million on sales revenue of
$16.6 million in the same period last year.

The decrease in total revenue is primarily the result of decreased
sales of biodiesel.

Of the net loss for the three months ended Sept. 30, 2007,
approximately $6.6 million related to losses on investments deemed
impaired, and approximately $27.3 million related to interest
expense on short term convertible debts and long term debts.  A
gain totaling $22.8 million was recorded in 2006 relating to
convertible debts and securities.

Compensation for three months ended Sept. 30, 2007, decreased
approximately $25.3 million and related primarily to shares issued
to consultants for employees and consulting services in 2006.  

Other selling, general and administrative expenses for three
months ended Sept. 30, 2007, decreased approximately $4 million
from approximately $5.8 million for the same period in 2006.  

Total revenue for the nine months ended Sept. 30, 2007, decreased
$12.5 million, or 39%, to approximately $19.9 million from
approximately $32.4 million in 2006.  The company incurred net
losses and negative cash flows from operations of approximately
$94.0 million and $15.6 million, respectively, for the nine months
ended Sept. 30, 2007.  Of the net losses for the nine months ended
Sept. 30, 2007, approximately $10.9 million related to the
impairment of goodwill and intangibles, $15.5 million related to
losses on investments deemed impaired, and accrued interest and
penalties totaling $51.7 million.

Full-text copies of the company's consolidated financial
statements for the quarter ended Sept. 30, 2007, are available for
free at http://researcharchives.com/t/s?25b0

                 Liquidity and Capital Resources

The company had approximately $63,000 in cash and cash equivalents
at Sept. 30, 2007.

Net cash used in operating activities was approximately
$15.6 million for nine months ended Sept. 30, 2007, compared to
net cash used in operating activities of approximately
$18.7 million for the same period in 2006.  The decrease in net
cash flow used in operating activities relates to decreasing
operating costs as a result of reducing production of biodiesal
fuels due to current economic prices of feedstock.

Net cash used in investing activities was approximately
$6.7 million for nine months ended Sept. 30, 2007, compared to net
cash used in investing activities of approximately $34.1 million
for the same period in 2006.  The decrease in net cash used in
investing activities related to purchases of fixed assets of
$6.8 million during 2006 for the Durant facility, and a decrease
of $22.8 million related to investments and advances related to
letters of intent and investments the company has entered into to
own and operate biodiesel and ethanol facilities during 2006.

Net cash provided by financing activities was $22.1 million for
nine months ended Sept. 30, 2007, compared to net cash provided by
financing activities of approximately $47.9 million for the same
period in 2006.  Cash flows provided by financing activities
during nine months ended Sept. 30, 2007, relate primarily to new
credit facilities totaling $30 million, less the repayment of
prior debts of $9.4 million.

               Settlement Agreement with Creditors

On Nov. 14, 2007, Earth Biofuels Inc. negotiated and executed a
settlement agreement with the group of creditors who had
petitioned for an involuntary bankruptcy against the company on
July 11 of this year.  The agreement requires the creditors to
dismiss their petition of bankruptcy.  Under the terms of the
agreement, the company will grant certain security interests to
the creditors and will execute a restructuring plan within 120
days.  

As reported in the Troubled Company Reporter on Nov. 22, 2007,
Bill Rochelle of Bloomberg News reports that a hearing has been
scheduled for Dec. 10, 2007.

                       Going Concern Doubt

As reported in the Troubled Company Reporter on May 24, 2007,
Malone & Bailey P.C., in Houston, Texas, expressed substantial
doubt about Earth Biofuels Inc.'s ability to continue as a going
concern after auditing the company's consolidated financial
statements for the years ended Dec. 31, 2006, and 2005.  The
auditing firm pointed to the company's recurring operating losses
and working capital deficit.

                      About Earth Biofuels

Headquartered in Dallas, Texas, Earth Biofuels Inc. --
http://www.earthbiofuels.com/-- (OTC BB: EBOF) engages in the  
production, distribution, and sale of renewable fuels, with a
focus on biodiesel fuel, in the United States.  The company
produces pure biodiesel fuel (B100) through the utilization of
vegetable oils, such as soy and canola oil as raw material.  The
company distributes petroleum/biodiesel blended fuel, such as B20
through wholesale distributors, truck stops, and fueling stations.  
Earth Biofuels also produces and markets liquefied natural gas.

On July 11, 2007, five creditors with claims of around $33 million
filed an involuntary chapter 7 petition against the company
(Bankr. D. Del. Case. No. 07-10928).  Adam G. Landis, Esq., and
Kerri K. Mumford, Esq., at Landis Rath & Cobb LLP, represent the
petitioners.  A hearing to consider approval of an interim
settlement agreement entered into by the company and its creditors
is set for Dec. 10, 2007.  The agreement provides for the
dismissal of the involuntary chapter 7 petition in exchange for
the Debtor admitting its liability under a $52 million loan.


EXPRESS FINANCIAL: Case Summary & 40 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Express Financial Services, Inc.
        Nine Parkway Center, Suite 275
        875 Greentree Road
        Pittsburgh, PA 15220

Bankruptcy Case No.: 07-27374

Debtor-affiliates filing separate Chapter 11 petitions:

      Entity                                   Case No.
      ------                                   --------
      Express Title Services of Ohio, Inc.     07-27377

Type of Business: The Debtors provide title insurance, appraisal
                  and settlement service.  See
                  http://www.efstitle.com/common/about.asp

Chapter 11 Petition Date: November 21, 2007

Court: Western District of Pennsylvania (Pittsburgh)

Debtor's Counsel: Paul J. Cordaro, Esq.
                  Campbell & Levine LLC
                  1700 Grant Building
                  Pittsburgh, PA 15219
                  Tel: (412) 261-0310
                  Fax: (412) 261-5066

                            Estimated Assets    Estimated Debts
                            ----------------    ---------------
   Express Financial        $1 Million to       $1 Million to
   Services, Inc.           $100 Million        $100 Million

   Express Title Services   Less than $10,000   $50,000 to
   of Ohio, Inc.                                $100,000

A. Express Financial Services, Inc.'s list of its 20 Largest
   Unsecured Creditors:

   Entity                        Nature of Claim     Claim Amount
   ------                        ---------------     ------------
Morton H. Lowe                   Stock Redemption        $800,000
1300 Bower Hill Road             Claim
Apartment 1401
Pittsburgh, PA 15243

Stewart Title Guaranty Company   Title Premium           $132,230
1980 Post Oak Boulevard
Suite 800
Houston, TX 77056

Greentree Parkway Associates     Trade Creditor          $104,908
875 Greentree Road
Seven Parkway Center, Suite 750
Pittsburgh, PA 15220

Kramer, Thompson & Associates    Accounting Services      $91,979

AT&T                             Trade Creditor           $77,498

Countrywide Title & Settlement   Trade Creditor           $56,268

Fed-Ex                           Trade Creditor           $55,292

UPS                              Trade Creditor           $36,651

McNamee Hosea                    Trade Creditor           $29,894

CBRE ITF 51                      Trade Creditor           $28,261

Duane Morris                     Trade Creditor           $27,697

Office Depot                     Trade Creditor           $27,244

Alacrity Appraisal Associates    Trade Creditor           $25,975

Chesterbrook Partners            Trade Creditor           $24,622

Orion Appraisal and              Trade Creditor           $23,005
Management Services

First American Title             Trade Creditor           $22,924
Insurance Co.

Liberty Property                 Trade Creditor           $22,634

Hoffman Appraisal Services Inc.  Trade Creditor           $22,265

Blue Edge, Inc.                  Trade Creditor           $22,025

Brian A. Cohee                   Trade Creditor           $21,945

B. Express Title Services of Ohio, Inc.'s list of its 20 Largest
   Unsecured Creditors:

   Entity                        Nature of Claim     Claim Amount
   ------                        ---------------     ------------
Triangle Real Estate             Trade Creditor           $17,120
Services, Inc.
470 Olde Worthington Road
Suite 100
Westerville, OH 43082

Stewart Title Guarantee Co.      Title Premium            $10,800
1980 Post Oak Boulevard
Suite 800
Houston, TX 77056

Kramer, Thompson & Associates    Accounting Services      $10,270
Nine Parkway Center, Suite 275
875 Greentree Road
Pittsburgh, PA 15220

Byers Research                   Trade Creditor            $6,173

Biela Title Services, LLC        Trade Creditor            $5,562

HUB Properties Trust             Trade Creditor            $4,935

Iron Mountain                    Trade Creditor            $4,899
Records Management

AT&T                             Trade Creditor            $4,447

DHL Express (USA) Inc.           Trade Creditor            $4,272

George Pritsolas                 Trade Creditor            $3,966

Beate Graves                     Trade Creditor            $2,491

Fed-Ex                           Trade Creditor            $2,385

BRM                              Trade Creditor            $1,730

Swift Closing Services           Trade Creditor            $1,515

Office Depot                     Trade Creditor            $1,275

Reinhardt & Associates, Inc.     Trade Creditor            $1,168

Darrin Sacket                    Trade Creditor            $1,100

Century Business Graphics        Trade Creditor            $1,098

JLK Exams                        Trade Creditor            $1,076

Accelerated Abstract             Trade Creditor            $1,025


FASHION HOUSE: Sept. 30 Balance Sheet Upside-Down by $16.1 Million
------------------------------------------------------------------
The Fashion House Holdings Inc.'s consolidated balance sheet at
Sept. 30, 2007, showed $3.5 million in total assets and
$19.6 million in total liabilities, resulting in a $16.1 million
total shareholders' deficit.

The company's consolidated balance sheet at Sept. 30, 2007, also
showed strained liquidity with $3.1 million in total current
assets available to pay $15.6 million in total current
liabilities.

The company reported a net loss of $4.0 million on net sales of
$1.8 million for the third quarter ended Sept. 30, 2007, compared
with a net loss of $1.7 million on net sales of $3.3 million in
the same period in 2006.

The net sales decrease was primarily attributable to late product
deliveries from the company's overseas factories.  The late
deliveries were caused by late payments to the factories due to
the company's continuing cash flow issues.

The increase in net loss was primarily as a result of accounting
for derivatives.  

Full-text copies of the company's consolidated financial
statements for the quarter ended Sept. 30, 2007, are available for
free at http://researcharchives.com/t/s?25a9

                       Going Concern Doubt

As reported in the Troubled Company Reporter on April 23, 2007,
KMJ Corbin & Company LLP, in Irvine, California, expressed
substantial doubt about about The Fashion Holdings Inc.'s ability
to continue as a going concern after auditing the company's
consolidated financial statemenets for the year ended Dec. 31,
2006.  The auditing firm reported that the company has incurred
recurring losses and has a working capital deficit of $5,187,040.

                       About Fashion House

Headquartered in Los Angeles, The Fashion House Holdings Inc.
(OTC BB: FHHI) -- http://www.thefashionhouseinc.com/-- designs,  
develops, and markets a diversified selection of women's dress and
casual fashion footwear.  The company's licensed brands include
Richard Tyler Couture, Tyler Richard Tyler, Oscar by Oscar de la
Renta and O Oscar by Oscar de la Renta.  


FEDERAL-MOGUL: To Issue $305,236,000 in Senior Notes
----------------------------------------------------
Pursuant to the requirements of the Trust Indenture Act of 1939,
Federal-Mogul Corp. discloses in a regulatory filing with the
U.S. Securities and Exchange Commission that it intends to issue
certain Senior Subordinated Third Priority Secured Notes due 2018
on the Effective Date of the Fourth Amended Joint Plan of
Reorganization.  Federal-Mogul anticipates exiting from
bankruptcy in December 2007.

Reorganized Federal-Mogul plans to initially issue $305,236,000
in Notes under the Fourth Amended Plan, Federal-Mogul Corp.
Senior Vice President and General Counsel Robert L. Katz relates.  
The Notes will be issued under an indenture among Reorganized
Federal-Mogul, certain guarantors, and U.S. Bank National
Association, as trustee, Mr. Katz says.

A full-text copy of the form of Indenture is available for free
at the Securities and Exchange Commission at:

                 http://ResearchArchives.com/t/s?25ba

Among the Indenture Guarantors are these Debtors:

   * Carter Automotive Company, Inc.
   * F-M UK Holding Limited
   * Federal-Mogul Dutch Holdings Inc.
   * Federal-Mogul FAP Inc.
   * Federal-Mogul FX, Inc.
   * Federal-Mogul Global B.V.
   * Federal-Mogul Global Inc.
   * Federal-Mogul Global Properties, Inc.
   * Federal-Mogul Growth B.V.
   * Federal-Mogul Ignition Company
   * Federal-Mogul Mystic, Inc.
   * Federal-Mogul Piston Rings, Inc.
   * Federal-Mogul Powertrain, Inc.
   * Federal-Mogul Products, Inc.
   * Federal-Mogul Technical Center, LLC
   * Federal-Mogul U.K. Holdings Inc.
   * Federal-Mogul Venture Corporation
   * Federal-Mogul World Wide, Inc.
   * Felt Products Mfg. Co.
   * Ferodo America, Inc.
   * Ferodo Holdings Inc.
   * Gasket Holdings Inc.
   * McCord Sealing, Inc.
   * T&N Industries Inc.

Pursuant to the Plan, holders of Allowed Bank Claims and Allowed
Surety Claims will receive the Notes in partial satisfaction of
their claims.

The Notes will be executed on behalf of Federal-Mogul by two
officers or an officer and an assistant secretary.  A Note will
be valid only if the Trustee manually signs the certificate of
authentication on the Note, Mr. Katz clarifies.  If an Officer
whose signature is on a Note no longer holds that office at the
time the Trustee authenticates the Note or at any time
thereafter, the Note will be valid nevertheless, Mr. Katz says.

Federal-Mogul, Mr. Katz adds, will not receive any proceeds from
the issuance of the Notes because the Notes will be issued as
part of an exchange, as provided in the Plan.

The Debtors aver that the issuance of the Notes is exempt from
the registration requirements of the Securities Act of 1933, as
amended, pursuant to Section 1145(a)(1) of the Bankruptcy Code.

                  Outstanding Capital Securities

As of October 31, 2007, Federal-Mogul's authorized and
outstanding capital stock and debt securities are at these
amounts:

   Title of Class          Amount Authorized  Amount Outstanding
   --------------          -----------------  ------------------
   Common Stock           260,000,000 shares   89,496,493 shares

   Series C ESOP
   Convertible
   Preferred Stock          1,000,000 shares      439,937 shares

   Notes due 2004
   (7.5% issued in 1998)        $250,000,000        $239,800,000

   Notes due 2006
   (7.75% issued in 1998)       $400,000,000        $391,900,000

   Notes due 2006
   (7.375% issued in 1999)      $400,000,000        $394,000,000

   Notes due 2009
   (7.5% issued in 1999)        $600,000,000        $562,200,000

   Notes due 2010
   (7.875% issued in 1998)      $350,000,000        $340,400,000

   Medium-Term Notes due
   between 2002 & 2005
   (average rate of 8.8%
   issued in 1994 & 1995)        $84,000,000         $84,000,000

   Senior Notes due 2007
   (8.8% issued in 1997         $125,000,000        $103,300,000

   7.0% Convertible Junior
   Subordinated Debentures      $575,000,000         $74,300,000

According to Mr. Katz, Reorganized Federal-Mogul will have
capital stock and debt securities authorized and outstanding at
these amounts as of the Effective Date:

   Title of Class          Amount Authorized  Amount Outstanding
   --------------          -----------------  ------------------
   Class A Common Stock
   par value $0.01        400,000,000 shares   49,900,000 shares

   Class B Common Stock
   par value $0.01         50,100,000 shares   50,100,000 shares

   Preferred Stock
   par value $0.01         90,000,000 shares                   -

   Senior Subordinated
   Third Priority
   Secured Notes due 2018       $305,236,000        $305,236,000

                    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.  On Nov. 13, 2007, the Bankruptcy Court's confirmation of
the Fourth Amended Plan was affirmed by the District Court.

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


FEDERAL-MOGUL: Thornwood to Own 25% of Reorganized Debtors' Stock
-----------------------------------------------------------------
On the Effective Date of Federal-Mogul Corp. and its debtor-
affiliates' Fourth Amended Joint Plan of Reorganization, existing
voting securities of will be canceled.

As set forth in the Plan, Reorganized Federal-Mogul will issue,  
on the Effective Date, new Class A Common Stock, new Class B
Common Stock and $305,236,000 in Senior Subordinated Third
Priority Secured Notes due 2018 pursuant to an indenture.  Voting
securities in Reorganized Federal-Mogul will consist of the New
Common Stock.

The Fourth Amended Plan provides that a trust for the benefit of
the holders of Asbestos Personal Injury Claims will receive 50.1%
of the shares of Common Stock to be issued by Reorganized
Federal-Mogul.  The remaining shares will be distributed pro rata
to holders of Allowed Noteholder Claims, Allowed Convertible
Subordinated Debenture Claims, and Allowed Class H Unsecured
Claims against the U.S. Debtors.

There are no persons owning 10% or more of Federal-Mogul's voting
securities as of November 20, 2007, Federal-Mogul Corp. Senior
Vice President and General Counsel Robert L. Katz discloses in a
regulatory filing with the Securities and Exchange Commission.

However, the Debtors anticipate that on the Effective Date,  
Thornwood Associates Limited Partnership and the Asbestos
Personal Injury Trust will own more than 10% of Reorganized
Federal-Mogul's voting securities:

                                              Percentage of
                                               Total Voting
   Entity              Class Ownership       Securities Owned
   ------              ---------------       ----------------
   Asbestos PI Trust   $50,100,000 in
                       Class B Common Stock        50.1%

   Thornwood           $25,898,100 in
                       Class A Common Stock        25.9%

Dependent upon the occurrence of certain conditions, the Plan
grants Thornwood two options to acquire additional shares of
Class B Common Stock.  If exercised by Thornwood, the Options
will reduce the Trust's ownership of voting securities to zero,
Mr. Katz notes.

Thornwood is a Delaware limited partnership, the general partner
of which is Barberry Corp., the sole shareholder of which is Carl
Icahn, an individual.  Thornwood is headquartered at 445 Hamilton
Avenue, Suite 1210, in White Plains, New York.

                    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.  On Nov. 13, 2007, the Bankruptcy Court's confirmation of
the Fourth Amended Plan was affirmed by the District Court.

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


GLO-TEX INTERNATIONAL: Involuntary Chapter 11 Case Summary
----------------------------------------------------------
Alleged Debtor: Glo-Tex International, Inc.
                aka Glo-Tex Chemical
                25 Stan Oerkins Road
                Spartanburg, SC 29307

Case Number: 07-06449

Type of Business: The Debtor is a specialty chemical company
                  committed to providing quality solutions to
                  global companies through innovative chemistry
                  and service.  See http://www.glotex.com/

Involuntary Petition Date: November 21, 2007

Court: District of South Carolina (Spartanburg)

Judge: John E. Waites

Petitioner's Counsel: Randy A. Skinner, Esq.
                      Skinner and Associates Law Firm, L.L.C.
                      P.O. Box 1843
                      Greenville, SC 29602
                      Tel: (864) 232-2007
                      Fax: (864) 232-8496
         
   Petitioners                 Nature of Claim      Claim Amount
   -----------                 ---------------      ------------
Crescent Bay Builders, L.L.C.  labor and materials  $1,004,081
110 Edgeworth Street
Greenville, SC 29607

Delta Electrical Contractors   labor and materials  $662,511
of South Carolina, Inc.
600 Apple Valley Road
Duncan, SC 29334

Southland Steel Erectors,      labor and materials  $483,717
Inc.
P.O. Box 967
Greer, SC 29652


IONICA PLC: Plan Supervisors To Pay Dividend on November 30
-----------------------------------------------------------
The scheme supervisors of Ionica Plc's Scheme of Arrangement
intend to pay a dividend of 1.115 pence in sterling pounds to
satisfy the admitted claims against the Debtor.

Dividends on the admitted scheme claims in respect of the holders
of the 13-1/2% senior notes due 2006, and the 15% senior discount
notes due 2007, will be paid to the indenture trustees, the Bank
of New York, and HSBC Bank USA, N.A., respectively, on
Nov. 30, 2007.

Further information on the dividend pay-out can be obtained from:

      Julle Altken
      A J Kett
      Joint Scheme Supervisor
      Tel: +44 (0) 207 212-4862

                        About Ionica Plc

Ionica Plc's parent company, Ionica Group Plc, provides
telecommunication services in the U.K.  Ionica Plc entered into
administration on Oct. 29, 1998.  The Debtor previously filed a
complaint against its parent group, Ionica Group PLC.  At that
time, the company's unsecured creditors were owed at least
GBP220 million.  The company filed for Chapter 11 protection on
Dec. 11, 1998, with the U.S. Bankruptcy Court for the Southern
District of New York, since most of its creditors are located in
the U.S.


JOAN FABRICS: Court Converts Bankruptcy Case to Chapter 7
---------------------------------------------------------
The Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware converted the chapter 11 case of Joan
Fabrics Corporation and Madison Avenue Designs LLC, to chapter 7
liquidation, The Associated Press reports.

The Debtors asked for the conversion after being barred from  
using their lenders' cash collateral subsequent to an Oct. 28,
2007 expiration date, AP relates, citing court documents.  
Presently, the Debtors hold about $2.88 million cash, AP notes.

Under chapter 7, AP relates, the Debtors will be able to mitigate  
administrative expenses.

Based in Tyngsboro, Massachusetts, Joan Fabrics Corporation
manufactures automotive and furniture upholstery fabrics.  The
company has a manufacturing facility in North Carolina and an
affiliate entity in Mexico.

The Debtor and its affiliate, Madison Avenue Designs LLC, filed
for Chapter 11 protection on April 10, 2007 (Bankr. D. Del. Case
Nos. 07-10479 and 07-10480).  Curtis A. Hehn, Esq., Laura Davis
Jones, Esq., and Michael Seidl, Esq., at Pachulski Stang Ziehl
Young Jones & Wein represent the Debtors in their restructuring
efforts.  Bradford J. Sandler, Esq., at Benesch Friedlander Coplan
& Aronoff and David A. Matthews, Esq., at Shumaker, Loop &
Kendrick, LLP represent the Official Committee of Unsecured
Creditors.  The Debtors' exclusive period to file a plan expired
on Aug. 8, 2007.  The Debtors' schedules of assets and liabilities
disclose total assets of $48,896,091 and total debts of
$80,190,872.


JOHN FRANCIS QUINN: Chapter 15 Petition Summary
-----------------------------------------------
Petitioner: Hardie & Kelly, Inc.
            206, 5800 2nd Street Southwest
            Calgary, AB T2H0H2 CANADA

Debtor: John Francis Quinn
        Calgary, Alberta, Canada

Case No.: 07-11346

Type of Business: The Debtor is a dependent adult.  Dawn T. Quinn
                  is his only surviving child, his court-appointed
                  guardian and sole beneficiary of his estate.
                  
                  On April 23, 2007, Hardie & Kelly, Inc. was
                  appointed as the Debtor's receiver and manager
                  without security.

Chapter 15 Petition Date: November 21, 2007

Court: Middle District of Florida (Tampa)

Petitioner's Counsel: W. Gregory Golson
                      1724 East 5th Avenue
                      Tampa, FL 33605
                      Tel: (813) 241-0900
                      Fax: (813) 241-0910

Estimated Assets: Unstated

Estimated Debts:  Unstated


JOYCE DON ASSOCIATES: Court Approves Wolff Hill as Attorney
-----------------------------------------------------------
Joyce Don & Associates Inc. obtained authority from the United
States Bankruptcy Court for the Middle District of Florida to
employ Wolff, Hill, McFarlin & Herron P.A. as its attorney.

Wolff Hill is expected to:

   i) advise and counsel the debtor-in-possession concerning the
      operations of its business in compliance with Chapter 11 and
      orders of the Court;

  ii) defend any causes of action of behalf of the debtr-in-
      possession;

iii) prepare, on behalf of the debtor-in-possession, all
      necessary applications, motions, reports, and other legal
      papers in the Chapter 11 case;

  iv) assist in the formulation of a plan of reorganization and
      preparation of a disclosure statement;

   v) provide all services of a legal nature in the field of
      bankruptcy law.

The Debtor tells the Court that Narcarta Holding, a company owned
by Donna R. Daniels and Osmond Decouteau, stockholders of the
Debtor, paid $5,000 to the firm.

Document filed with the Court did not disclose the firm's
compensation rates for this engagement.

David R. McFarlin, Esq., an attorney of the firm, assures the
Court that the firm is a "disinterested person" as defined in
Section 101(14) of the Bankruptcy Code.


Based in Orlando, Florida, Joyce, Don & Associates, Inc., filed
for chapter 11 protection on Oct. 11, 2007 (Bankr. M.D. Fla. Case
No. 07-04878).  When the Debtor filed for protection
from its creditors, it listed total assets of $18 million and
total debts of $78 million.


LAFAYETTE NEIGHBORHOOD: Wants Court Permission to Sell Four Lots
----------------------------------------------------------------
Lafayette Neighborhood Housing Services asks the U.S. Bankruptcy
Court for the Northern District of Indiana for authority to sell
four lots free and clear of liens.

The lot at 105 Park Avenue, Belt Railway, Addn Lot 2, Block 14
will be bought by Mark and Krista Cory for $66,000.

The lot at 2011 Hall Street, Monon, Addn Lot 183 will be bought by
Deborah Bradford for $45,000.

The lot at 715 South, 28th Street, Belt Railway, Addn Lot 19,
Block 42 will be bought by IQ Homes for $31,000.

The lot at 807 South, 29th Street will also be bought by IQ Homes
for $51,000.

The Debtor informs the Court that only lien on the real estate is
judgment in favor of Salin Bank entered July 17, 2007.  The
Debtors also relates that it will hold in a segregated account the
proceeds of the sale, less closing expenses and broker's fee,
subject to further Court order.

The Debtor assure the Court that the four buyers are non-insiders
and that the purchase prices for the properties are fair.  The
Debtor adds that it does not require the real properties being
sold for an effective reorganization.

Headquartered Lafayette, Indiana, Lafayette Neighborhood Housing
Services -- http://www.nhslaf.org/-- is a community based, non-
profit partnership with many programs designed to benefit the
residents of Lafayette.  LNHS filed for chapter 11 protection on
Oct. 12, 2007 (Bankr. N.D. Ind. Case No. 07-40572).  David A.
Rosenthal, Esq., in Lafayette, Indiana, represents the Debtor.  
When the Debtor filed for protection from its creditors, it listed
total assets of $7,318,668 and total debts of $16,875,249.  The
Debtor's exclusive period to file a chapter 11 plan expires on
Feb. 9, 2008.


LAFAYETTE NEIGHBORHOOD: Wants to Hire Kim Davis as Broker
---------------------------------------------------------
Lafayette Neighborhood Housing Services asks the U.S. Bankruptcy
Court for the Northern District of Indiana for authority to employ
Kim Davis as its broker in the sale of four lots.

Mr. Davis will receive 6% commission for the sale.

The Debtor informs the Court that it already has a contract to
sell the real properties to various non-insiders for purchase
prices ranging from $31,000 to $66,000 per lot.

The Debtor relates that Kim Davis has served on the board of
Lafayette Neighborhood Housing Services without compensation.

Headquartered Lafayette, Indiana, Lafayette Neighborhood Housing
Services -- http://www.nhslaf.org/-- is a community based, non-
profit partnership with many programs designed to benefit the
residents of Lafayette.  LNHS filed for chapter 11 protection on
Oct. 12, 2007 (Bankr. N.D. Ind. Case No. 07-40572).  David A.
Rosenthal, Esq., in Lafayette, Indiana, represents the Debtor.  
When the Debtor filed for protection from its creditors, it listed
total assets of $7,318,668 and total debts of $16,875,249.  The
Debtor's exclusive period to file a chapter 11 plan expires on
Feb. 9, 2008.


LAFAYETTE NEIGHBORHOOD: U.S. Trustee Forms Seven-Member Committee
-----------------------------------------------------------------
Nancy J. Gargula, the United States Trustee for Region 10
appointed seven members to the Official Committee of Unsecured
Creditors in the bankruptcy case of Lafayette Neighborhood Housing
Services.

The creditor members are:

   1. Tim Gray - Acting Committee Chair
      Grasshopper's Lawn Care Service, Inc.
      15 S. 30th St.
      Lafayette, IN 47904
      Tel: (765) 446-8212

   2. George Kygler
      Let George Do It!
      8431 W. 6505
      West Point, IN 47992
      Tel: (765) 572-2728

   3. Richard Pendleton
      Pendleton Heating and A/C of Lafayette
      64235 300 E.
      Lafayette, IN 47909
      Tel: (765) 474-2604

   4. Rob Griffith
      Griffith Group, Inc.
      703 Widewater Dr.
      Lafayette, IN 47904
      Tel: (765) 742-3225

   5. Mike Cummings
      MC Services
      12453 W. Poplar Hills Dr.
      Monticello, IN 47960
      Tel: (574) 870-2142

   6. Rachel Bandy
      A Clean Touch
      1109 Wells St.
      Lafayette, IN 47905
      Tel: (765) 477-6758

   7. Glen Vick
      Journal and Courier
      217 W. 6th St.
      Lafayette, IN 47901
      Tel: (765) 420-5282

Headquartered Lafayette, Indiana, Lafayette Neighborhood Housing
Services -- http://www.nhslaf.org/-- is a community based, non-
profit partnership with many programs designed to benefit the
residents of Lafayette.  LNHS filed for chapter 11 protection on
Oct. 12, 2007 (Bankr. N.D. Ind. Case No. 07-40572).  David A.
Rosenthal, Esq., in Lafayette, Indiana, represents the Debtor.  
When the Debtor filed for protection from its creditors, it listed
total assets of $7,318,668 and total debts of $16,875,249.  The
Debtor's exclusive period to file a chapter 11 plan expires on
Feb. 9, 2008.


LEVITT AND SONS: Court Okays AP Services as Crisis Managers
-----------------------------------------------------------
The Honorable Raymond B. Ray of the U.S. Bankruptcy Court for the
Southern District of Florida approved, on an interim basis, the
employment of AP Services, LLC, to provide interim management and
restructuring services to the Debtors, nunc pro tunc to the
Debtors' bankruptcy filing.

If no objection is timely filed by Dec. 4, 2007, the order
will become final for all purposes, and the application approved
in all respects.

In addition, the Debtors designated Lawrence E. Young as chief
restructuring officer, and appointed John Dischner as executive
vice president to the Debtors.

Seth Wise, the Debtors' president, told the Court that Messrs.
Young and Dreschner have over 15, and 10, years of experience in
crisis management and business reorganizations, and have
demonstrated expertise assisting companies with financial
restructurings, operational improvement plans and cash management.

APS is expected to provide restructuring management services,
including providing Mr. Young to serve as CRO and Mr. Dischner to
serve as EVP.  APS will also:

    -- assist the Debtors in evaluating and implementing
       strategic and tactical options through the restructuring
       process;

    -- provide certain additional temporary staff to assist the
       Debtors in their restructuring efforts;

    -- assist with the preparation of the statement of financial
       affairs, schedules and other regular reports required by
       the Bankruptcy Code or the Court or which are customarily
       issued by the chief financial officer;

    -- assist in preparing for and filing of bankruptcy cases for
       the Debtors, coordinating and providing administrative
       support for the cases and developing a plan of
       reorganization or other appropriate case resolution, if
       necessary; and

    -- management of the claim and claim reconciliation
       processes.

APS and Messrs. Young and Dischner will be paid in accordance to
the firm's hourly rates, subject to changes:

      Professionals                          Hourly Rates
      -------------                          ------------
      Lawrence Young, Esq.                       $725
      John Dischner, Esq.                        $575
      Michelle Campbell, Esq.                    $550
      Barry Folse, Esq.                          $700
      Drew Lockard, Esq.                         $420
      Pat Murray, Esq.                           $350
      Jason Kilpela, Esq.                        $350
      Colin Keenan, Esq.                         $350
      Omar Zaidi, Esq.                           $350
      Michelle Smith, Esq.                       $350

APS has received a $1,500,000 retainer from the Debtors, to be
applied against fees and expenses in the Debtors' Chapter 11
cases.

If APS wants to augment its professional staff with independent
contractors, it will file, and require the Independent Contractor
to file, 2014 affidavits indicating that the Independent
Contractor has reviewed the list of the interested parties in the
Debtors' Chapter 11 cases.  The Independent Contractor must
remain disinterested during the time APS is involved in providing
services on behalf of the Debtors, and represent that he will not
work for the Debtors or other interested parties during the time
APS is involved in providing services to the Debtors.

Mr. Wise noted that it is APS' standard practice to charge for an
Independent Contractor's services at the APS' rate for an
employee of comparable skill and experience, which rate typically
exceeds the compensation provided by APS to the Independent
Contractor.

APS employees serving as officers of the Debtors, including the
CRO and EVP, will be entitled to receive whatever indemnities are
made available, during the term of ASP's engagement, to other --
non-APS affiliated -- officers of the Debtors.

Nonetheless, Mr. Young ascertained that the firm holds no adverse
interest as to matter for which it has been employed by the
Debtors.

                      About Levitt and Sons

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 Debtors' parent company, did not file for
Chapter 11 protection.

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 to
file a chapter 11 plan 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).


LEVITT AND SONS: Gets Court OK to Close On Pre-Bankr. Home Sales
----------------------------------------------------------------
Levitt and Sons LLC and its debtor-affiliates obtained authority
from the Honorable Raymond B. Ray of the U.S. Bankruptcy Court for
the Southern District of Florida to close on certain pre-
bankruptcy home sale contracts.

The Debtors are authorized, but not directed to:

   -- close on sales of encumbered homes once construction is
      finished and all other requirements are met;

   -- honor certain existing pre-bankruptcy contract obligations
      to homebuyers and others, including payment of commissions     
      due to current or former employees under the Company Sales
      and Design Incentive Plans, which are due upon the closing
      of an Encumbered Home to the Debtors' workforce and
      persons who have or might assert mechanic's liens against
      the Encumbered Home to be sold; and

   -- sell Encumbered Homes postpetition in the ordinary course      
      of business.

Any title insurance company is authorized to close on the sale of
any Encumbered Home of the Debtors pursuant to the terms of the
order, upon its receipt of a release or partial release of
mortgage, as the case may be, from the applicable lender.

The procedures with respect to asserting mechanic's lien claims
will not apply to the sale of homes that are not subject to
prepetition mortgage liens of the Debtors' prepetition lenders.  
The Debtors may sell Unencumbered Homes in the ordinary course of
business without further order of the Court.

Judge Ray also overruled Kenneth and Sandra Schroeder's objection
to the Debtors' request for the closing of home sale transactions.  
They earlier contended that their home building contract with the
Debtor constitutes an executory contract in accordance with
Section 365 of the U.S. Bankruptcy Code.  They said that with the
Debtors' request for home sales consummation, the Debtors are
seeking to circumvent the requirements of Section 365 by couching
the fulfillment of certain unidentified contracts as ordinary
course of business transactions.

          Yavers Seek Contract Rejection & Deposit Return

Eugene M. Yaver and Andrea I. Yaver, files a joinder to Kenneth
and Sandra Schroeder's objection to the Debtors' request for
authorization to perform certain contractual obligations in the
ordinary course of business.

The Yavers also seek:

   -- rehearing of the order granting the Motion; as well as,

   -- entry of an order compelling Debtor Levitt and Sons at
      Tradition, LLC, to reject the agreement between LST and      
      the Yavers for the sale and purchase of a certain parcel
      of real property, and directing LST to return to the
      Yavers their deposit amounts.

Jason E. Slatkin, Esq., at Slatkin & Reynolds, P.A., in Fort
Lauderdale, Florida, relates that the Yavers are named purchasers
in a certain Purchase and Sale Agreement -- Seasons at Traditions
with LST, dated Feb. 7, 2007, pertaining to Lot No. 262 of the
community known as Seasons at Tradition.

In accordance with the Agreement, the Yavers placed with the
escrow agent, the law firm, Broad and Cassel, deposit monies
totaling $34,090.

As of November 15, LST has not completed the subject property and
its amenities.  Other than the deposit, the Yavers have not paid
the remaining amounts due under the agreement.  Thus, the
Agreement is executory in nature, Mr. Slatkin tells the Court.

Although the Debtors assert that the authority for relief sought
in the motion is also found in Sections 363(c)(1) and 1108 of the
Bankruptcy Code, it is not, as Section 363(c)(1) concerns the
ability of a trustee or debtor-in-possession to enter into
postpetition transactions, and Section 1108 is merely a provision
of general applicability and is not that which specifically
addresses executory contracts, such as the agreement, which the
Yavers assume is one of the agreements that are subject of the
Motion, Mr. Slatkin states.

"Thus, the relief sought by way of the Motion, to the extent
there is any authority of such, can only be found in [Section]
105 of the Bankruptcy code, which. . . is a provision of last
resort," Mr. Slatkin says.

The Yavers assert that the Debtors should be required to comply
with the provisions of Section 365 of the Bankruptcy Code, and
"not be allowed to circumvent the requirements of Section 365 by
disguising their intent under the cover of Sections 105, 363 and
1108."

The Yavers did not receive due process in the granting of the
Motion.  The Yavers did not have proper notice of the hearing and
were not able to appear at the hearing and object.  The Court
should grant rehearing, at least to the extent of the Yavers'
objection, Mr. Slatkin asserts.

Mr. Slatkin avers that there does not appear to be any chance
that LST will ever be able to fulfill all of its obligations
under the agreement.

Accordingly, the Yavers ask the Court to compel LST to
immediately reject the agreement.  Upon rejection, the Yavers
will be entitled to a return of their deposit, which the Debtors
acknowledge is not property of any of the bankruptcy estates
because the deposit is being held in escrow.

                      About Levitt and Sons

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 Debtors' parent company, did not file for
Chapter 11 protection.

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 to
file a chapter 11 plan 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).


LEVITT AND SONS: Court Oks Return of Escrowed Homebuyers' Deposits
------------------------------------------------------------------
The Honorable Raymond B. Ray of the U.S. Bankruptcy Court for the
Southern District of Florida gave authority to Levitt and Sons LLC
and its debtor-affiliates to return to home buyers the deposits
received from and after Aug. 29, 2007, and held in escrow.

The Debtors had publicly announced that land development
activities were being suspended.  Shortly thereafter, the Debtors
curtailed, and later stopped, all houseline construction.  
Accordingly, the Debtors placed in escrow accounts purchase
deposits made by certain homebuyers that were received from and
after Aug. 29, 2007.  As of the date of bankruptcy, the Debtors
held roughly $793,746 in deposit escrows.

Upon receipt of the deposits:

   -- each of the contracts they entered into with the Homebuyers
      will be deemed terminated; and

   -- the home buyers will be deemed to have waived the right to
      assert any claims against the Debtors and their estates
      under or pertaining to those contracts.

Paul Steven Singerman, Esq., at Berger Singerman, P.A., proposed
counsel to the Debtors, told the Court that the Debtors do not
hold an equitable interest in the deposits, only bare legal
title.  The equitable interest in the deposits is held by the
Homebuyers, according to Mr. Singerman.  If the Debtors, in their
business judgment, elect not to complete construction of these
homes, they should be authorized to return the deposits to the
homebuyers, he says.

Mr. Singerman notes that a bankruptcy estate includes all legal
or equitable interests of the debtor as of the commencement of
the case.  Under Section 541(a)(1) of the Bankruptcy Code,
however, property in which a debtor holds, as of the filing of a
bankruptcy case, only legal title and not an equitable interest,
becomes property of the estate only to the extent of legal title,
Mr. Singerman says.  Under Section 541(d), property, in the
nature of the escrowed funds like Deposits, held for the benefit
of third parties like the home buyers, does not constitute
property of the estate, Mr. Singerman states, citing:

   1. Begier v. I.R.S., 496 U.S. 53, 67 (1990) (taxes such as
      excise taxes, FICA taxes, and withholding taxes are
      property held by debtor in trust for another and, as such,
      do not constitute property of the estate);

   2. United States v. Whiting Pools, Inc., 462 U.S. 198, 205
      n.10 (1983) (noting that "Congress plainly excluded
      property of others held by the debtor in trust at the time
      of the filing of the petition."); and

   3. T&B Scottdale Contractors, Inc. v. United States, 866 F.2d
      1372 (11th Cir. 1989) (holding that funds in debtor's
      account held for third party did not constitute property of
      the debtor's estate).

If the contracting Debtors, in their business judgment, elect not
to complete the construction of the homes, they are authorized to
return the deposits to the home buyers whose contracts are
terminated.  The contracting debtors will not return any deposit
to a home buyer relating to a completed home without the consent
of the respective lender or further Court order, if the lender
objects.

                      About Levitt and Sons

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 Debtors' parent company, did not file for
Chapter 11 protection.

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 to
file a chapter 11 plan 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).


LEVITZ FURNITURE: Alters Retention Request for Rodman & Renshaw
---------------------------------------------------------------
As previously reported, the U.S. Bankruptcy Court for the Southern
District of New York gave PLVTZ Inc., dba Levitz Furniture Inc.,
and its debtor-affiliates interim approval to employ Rodman &
Renshaw LLC as its financial advisors.

Paul D. Leake, Esq., at Jones Day in New York, explains that
pursuant to a letter agreement between the Debtors and Rodman &
Renshaw, a "Going Concern Transaction" is a transaction or series
or combination of transactions whereby the purchaser or investor:

   (a) intends to operate the acquired business as Levitz
       Furniture on a going forward basis; and

   (b) acquires at least 20 store locations of the Debtor.

Mr. Leake clarifies that a Going Concern Transaction is not a:

   (1) liquidation of inventory of the Debtors;

   (2) sale of leasehold interests that will be used to operate
       other, non-Levitz Furniture businesses, or a sale
       pertaining to locations the Debtor intends to close; or

   (3) any other transaction duplicative of that for which Asset
       Disposition Advisors LLC has been retained by the Debtors.

Alternatively, Rodman & Renshaw will serve as placement agent
"for any offering of securities of the Debtors or if another
source of financing is sought by the Debtors on a best efforts
basis in connection with any such offer and placement," Mr. Leake
tells Judge Gerber.

                       Amended Compensation

For its efforts in pursuing a Going Concern Transaction, Rodman &
Renshaw will receive a minimum fee of $100,000, whether or not a
Going Concern Transaction is consummated, states Mr. Leake.

If a Going Concern Transaction is consummated with any party
other than (i) YA Global Investments, L.P. or its affiliates,
(ii) Prentice Capital Management or its affiliate, or (iii)
Harbinger Capital Partners or its affiliates -- the Prior
Relationship Parties -- the Debtor will pay to Rodman & Renshaw a
cash fee equal to 3% of the aggregate consideration received by
the Debtor, solely on account of the Going Concern Transaction,
Mr. Leake tells the Court.  The Minimum Fee will be credited
against the Going Concern Fee.

To the extent that any of the Prior Relationship Parties is the
sole party to a Going Concern Transaction, Rodman & Renshaw will
not be entitled to the Going Concern Fee for the transaction, Mr.
Leake clarifies.

If any of the Prior Relationship Parties is a party to a Going
Concern Transaction together with another party other than a
party proposing to liquidate some or all of the Debtor's assets
in connection with the transaction, or to acquire the assets in a
non-going concern fashion, the Debtor will pay to Rodman &
Renshaw a cash fee equal to 3% of the Aggregate Consideration
received by the Debtor from, or contributed by, the non- Prior
Relationship Parties party solely on account of the Going Concern
Transaction portion.

The Debtor will also pay Rodman & Renshaw a fee equal to 3% of
the amount lent, or, if greater, the maximum credit line provided
for in connection with the issuance of non-equity-linked
securities, or other indebtedness incurred by the Debtor provided
by or from any of the parties identified on Schedule A of the
Letter Agreement or any of their affiliates, Mr. Leake states.

The Debtor will reimburse Rodman & Renshaw for all reasonable
out-of-pocket expenses incurred in connection with the Letter
Agreement, for up to a maximum of $50,000, unless the Debtor
provides prior written approval.

To the extent not otherwise previously paid in the Debtor's
Chapter 11 case, the Minimum Fee and reimbursement of expenses
will be paid from the carve-out for professionals contained in
the Court-approved stipulation and interim and proposed final
order authorizing the use of cash collateral and granting
adequate protection, dated Nov. 9, 2007, and any final order
authorizing the use of cash collateral.

To the extent consistent with the Cash Collateral Orders, any
future orders of the Court on the use of cash collateral or any
other orders of the Court, the Rodman & Renshaw Payment will be
made to the firm within three business days of the Court order
granting Rodman & Renshaw's final fee application.

                     About Levitz Furniture

Based in New York City, Levitz Furniture Inc., nka PVLTZ Inc. --
http://www.levitz.com/-- is a specialty retailer of furniture,    
bedding and home furnishings in the United States.  It has 76
locations in major metropolitan areas, principally in the
Northeast and on the West Coast of the United States.

Levitz Furniture Inc. and 11 affiliates filed for chapter 11 on
Sept. 5, 1997.  In December 2000, the Court confirmed the Debtors'
Plan and Levitz emerged from chapter 11 on February 2001.  Levitz
Home Furnishings Inc. was created as the new holding company as a
result of the emergence.

Levitz Home Furnishings and 12 affiliates filed for chapter 11
protection on Oct. 11, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-
45189).  In their second filing, the Debtors disclosed about
$245 million in total assets and $456 million in total debts.
Nicholas M. Miller, Esq., and Richard H. Engman, Esq., at Jones
Day represented the Debtors.  Jeffrey L. Cohen, Esq., Jay R.
Indyke, Esq., and Cathy Hershcopf, Esq., at Cooley Godward Kronish
LLP served as counsel to the Official Committee of Unsecured
Creditors.  During this period, the Debtors closed around 35
stores in the Northeast, California, Minnesota and Arizona.

PLVTZ Inc., a company created by Prentice Capital Management LP,
and Great American Group purchased substantially all the assets of
Levitz Home Furnishings in December 2005.  Initially, Prentice
owned all of the equity interests in PLVTZ.  On July 6, 2007,
PLVTZ was converted into a Delaware corporation, and Harbinger
Capital Partners Special Situations Fund, LP, Harbinger Capital
Partners Master Fund I, Ltd., and their affiliates became minority
shareholders.  Great American's stake in the acquisition was in
running the going-out-of-business sales for some 27 Levitz units.

PLVTZ, dba Levitz Furniture, continued to face decline in
financial performance since December 2005.  Liquidity issues and
the inability to obtain additional capital prompted PLVTZ to seek
protection under chapter 11 on Nov. 8, 2007 (Bankr. S.D.N.Y. Lead
Case No. 07-13532).  Paul D. Leake, Esq., and Brad B. Erens, Esq.,
at Jones Day represents the Debtors in their restructuring
efforts.  Kurtzman Carson Consultants LLC serves as the
Debtors' claims and noticing agent.  PLVTZ's balance sheet at
Sept. 30. 2007, showed total assets of $177,883,000 and total
liabilities of $152,476,000.  The Debtors' exclusive period to
file a chapter 11 plan expires on March 7, 2008.  (Levitz
Bankruptcy News, Issue No. 30; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


LEVITZ FURNITURE: Section 341(a) Meeting Scheduled on January 8
---------------------------------------------------------------
Diana G. Adams, the United States Trustee for Region 2, will
convene on January 8, 2008, at 2:30 p.m., an official creditors'
meeting for the chapter 11 case of PLVTZ Inc., dba Levitz
Furniture Inc., pursuant to Section 341 of the Bankruptcy Code.  
The meeting will be held at 80 Broad Street, 4th Floor, in New
York.

All creditors are invited, but not required to attend.  The
Official Meeting of Creditors offers the one opportunity in a
bankruptcy proceeding for creditors to question under oath a
responsible officer of the Debtor.

                     About Levitz Furniture

Based in New York City, Levitz Furniture Inc., nka PVLTZ Inc. --
http://www.levitz.com/-- is a specialty retailer of furniture,    
bedding and home furnishings in the United States.  It has 76
locations in major metropolitan areas, principally in the
Northeast and on the West Coast of the United States.

Levitz Furniture Inc. and 11 affiliates filed for chapter 11 on
Sept. 5, 1997.  In December 2000, the Court confirmed the Debtors'
Plan and Levitz emerged from chapter 11 on February 2001.  Levitz
Home Furnishings Inc. was created as the new holding company as a
result of the emergence.

Levitz Home Furnishings and 12 affiliates filed for chapter 11
protection on Oct. 11, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-
45189).  In their second filing, the Debtors disclosed about
$245 million in total assets and $456 million in total debts.
Nicholas M. Miller, Esq., and Richard H. Engman, Esq., at Jones
Day represented the Debtors.  Jeffrey L. Cohen, Esq., Jay R.
Indyke, Esq., and Cathy Hershcopf, Esq., at Cooley Godward Kronish
LLP served as counsel to the Official Committee of Unsecured
Creditors.  During this period, the Debtors closed around 35
stores in the Northeast, California, Minnesota and Arizona.

PLVTZ Inc., a company created by Prentice Capital Management LP,
and Great American Group purchased substantially all the assets of
Levitz Home Furnishings in December 2005.  Initially, Prentice
owned all of the equity interests in PLVTZ.  On July 6, 2007,
PLVTZ was converted into a Delaware corporation, and Harbinger
Capital Partners Special Situations Fund, LP, Harbinger Capital
Partners Master Fund I, Ltd., and their affiliates became minority
shareholders.  Great American's stake in the acquisition was in
running the going-out-of-business sales for some 27 Levitz units.

PLVTZ, dba Levitz Furniture, continued to face decline in
financial performance since December 2005.  Liquidity issues and
the inability to obtain additional capital prompted PLVTZ to seek
protection under chapter 11 on Nov. 8, 2007 (Bankr. S.D.N.Y. Lead
Case No. 07-13532).  Paul D. Leake, Esq., and Brad B. Erens, Esq.,
at Jones Day represents the Debtors in their restructuring
efforts.  Kurtzman Carson Consultants LLC serves as the
Debtors' claims and noticing agent.  PLVTZ's balance sheet at
Sept. 30. 2007, showed total assets of $177,883,000 and total
liabilities of $152,476,000.  The Debtors' exclusive period to
file a chapter 11 plan expires on March 7, 2008.  (Levitz
Bankruptcy News, Issue No. 30; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


LYONDELL CHEMICAL: Launches Cash Tender Offer for $4 Billion Notes
------------------------------------------------------------------
Lyondell Chemical Company and its subsidiaries Equistar Chemicals,
LP and Equistar Funding Corporation have commenced cash tender
offers for an aggregate of approximately $4.01 billion of
outstanding debt securities issued by Lyondell and Equistar
Issuers, as applicable.

In conjunction with each of the Offers, Lyondell or the Equistar
Issuers, as applicable, are soliciting consents from holders of
the applicable series of Notes to effect certain proposed
amendments to the indenture governing such series of Notes,
including elimination of substantially all of the restrictive
covenants.  The Offers and Consent Solicitations are conducted in
connection with the proposed merger of Lyondell with BIL
Acquisition Holdings Limited, a Delaware corporation and wholly
owned subsidiary of Basell AF S.C.A., a Luxembourg company.
    
The Offer for each series of Notes will expire at 12:01 a.m. EST
on Dec. 20, 2007, unless extended or earlier terminated by
Lyondell or the Equistar Issuers, as applicable, in their sole
discretion.  The Consent Solicitation for each series of Notes
will expire at or prior to 5 p.m. EST, on Dec. 5, 2007, unless
extended or earlier terminated by Lyondell or the Equistar
Issuers, as applicable, in their sole discretion.  Holders may not
tender their Notes without also delivering consents and may not
deliver consents without also tendering their Notes.  Holders that
validly tender their Notes pursuant to the Offers will be deemed
to have validly delivered their consents related to such Notes.  
Tendered Notes may not be withdrawn, and consents may not be
revoked, after Dec. 5, 2007.
    
The total consideration per $1,000 principal amount of the Notes
validly tendered and not validly withdrawn at or prior to Dec. 5,
2007 (Total Consideration) will be an amount equal to the sum of:

  -- the present value on Dec. 20, 2007, of the applicable Next
     Redemption Price on the applicable Next Redemption Date,
     and

  -- the present value on Dec. 20, 2007, of the amount of
     interest that would accrue from the last date on which
     interest has been paid until the applicable Next Redemption
     Date

minus:

  -- accrued and unpaid interest from the last date on which
     interest has been paid up to, but not including,
     Dec. 20, 2007.
    
The discount rate for calculating the present value is based on a
fixed spread of 50 basis points over the yield as of 2 p.m. EST on
Dec. 5, 2007, (Price Determination Date) of the applicable United
States Treasury Security.
    
The Total Consideration, payable on or about Dec. 20, 2007,
includes a consent payment of $30 per $1,000 principal amount of
the Notes to holders who validly tender the Notes, and thereby
validly deliver consents related to the Notes, at or prior to
Dec. 5, 2007.  Holders whose Notes are validly tendered after
Dec. 5, 2007, and accepted for purchase will receive the Total
Consideration minus the $30 consent payment per $1,000 principal
amount of the Notes promptly after Dec. 20, 2007.

In addition, accrued and unpaid interest from the last interest
payment date to, but not including, the applicable payment date
will be paid on all validly tendered and accepted Notes.

Each Offer and Consent Solicitation is made independently of the
other Offers and Consent Solicitations.  Lyondell and the Equistar
Issuers reserve the right to terminate, withdraw or amend any
Offer and Consent Solicitation, as applicable, independently of
the other Offers and Consent Solicitations at any time and from
time to time.
    
The completion of the Offers and Consent Solicitations is not a
condition to completion of the Merger, but the completion of the
Merger is a condition, among other things, to the obligations of
Lyondell or the Equistar Issuers, as applicable, to accept and pay
for the Notes pursuant to the Offers and Consent Solicitations.  
The complete terms and conditions of the Offers and Consent
Solicitations are set forth in the Offer to Purchase and Consent
Solicitation Statement dated Nov. 20, 2007, which is being sent to
holders of the Notes.  Holders are urged to carefully read the
Offer and Consent Statement and related materials.
    
Goldman, Sachs & Co. and Merrill Lynch & Co. are the dealer
managers for the Offers and solicitation agents for the Consent
Solicitations.  Questions regarding the Offers and Consent
Solicitations may be directed to Goldman, Sachs & Co. at (877)
686-5059 (toll-free) [(212) 357-0775 (collect)] and Merrill Lynch
& Co. at (888) 654-8637 (toll-free) [(212) 449-4914 (collect)].
Copies of the Offer and Consent Statement and related materials
may be obtained from the Information Agent, D. F. King & Co., Inc.
at (800) 290-6429 (U.S. toll free) and (212) 269-5550 (Banks and
Brokers).

                          About Lyondell

Headquartered in Houston, Texas, Lyondell Chemical Company (NYSE:
LYO) -- http://www.lyondell.com/-- is North America's third-
largest independent, publicly traded chemical company.  Lyondell
manufacturers basic chemicals and derivatives including ethylene,
propylene, titanium dioxide, styrene, polyethylene, propylene
oxide and acetyls.  It also refines heavy, high-sulfur crude oil
and produces gasoline-blending components.  It operates on five
continents and employs approximately 11,000 people worldwide.

The company also has locations in Austria, France, Italy, The
Netherlands, Belgium, Germany, Spain, United Kingdom, Brazil,
China, Japan, Taiwan, India and Singapore.

                          *     *     *

As reported in the Troubled Company Reporter on July 19, 2007,
Moody's Investors Service placed the ratings of Lyondell Chemical
Company, Equistar Chemical Company LP and Millennium Chemicals
Inc. (Corporate Family Ratings of Ba3) under review for possible
downgrade following the announcement that Lyondell agreed to be
acquired by Basell AF SCA (Ba3 CFR under review for possible
downgrade) in a transaction worth roughly $19 billion including
the assumption of debt.


LYONDELL CHEMICAL: Shareholders Approve Basell Merger Plan  
----------------------------------------------------------
Lyondell Chemical Company's shareholders approved, at a Special
Meeting of Shareholders held Nov. 20, 2007, the Agreement and Plan
of Merger, dated as of July 16, 2007, among Basell AF, BIL
Acquisition Holdings Limited and Lyondell pursuant to which Basell
will acquire all of Lyondell's outstanding common shares for cash
consideration of $48 per share.
    
In the final vote count by the independent inspectors of election,
168,008,513 Lyondell common shares (approximately 66.2% of the
outstanding common shares) were represented at the Meeting, in
person or by proxy, and the Agreement and Plan of Merger was
approved by 65.8% of the shares outstanding.
    
The closing of the transaction is anticipated to occur on or about
Dec. 20, 2007.

Headquartered in Houston, Texas, Lyondell Chemical Company (NYSE:
LYO) -- http://www.lyondell.com/-- is North America's third-
largest independent, publicly traded chemical company.  Lyondell
manufacturers basic chemicals and derivatives including ethylene,
propylene, titanium dioxide, styrene, polyethylene, propylene
oxide and acetyls.  It also refines heavy, high-sulfur crude oil
and produces gasoline-blending components.  It operates on five
continents and employs approximately 11,000 people worldwide.

The company also has locations in Austria, France, Italy, The
Netherlands, Belgium, Germany, Spain, United Kingdom, Brazil,
China, Japan, Taiwan, India and Singapore.

                          *     *     *

As reported in the Troubled Company Reporter on July 19, 2007,
Moody's Investors Service placed the ratings of Lyondell Chemical
Company, Equistar Chemical Company LP and Millennium Chemicals
Inc. (Corporate Family Ratings of Ba3) under review for possible
downgrade following the announcement that Lyondell agreed to be
acquired by Basell AF SCA (Ba3 CFR under review for possible
downgrade) in a transaction worth roughly $19 billion including
the assumption of debt.


MAJESTIC STAR: Setp. 30 Balance Sheet Upside-Down by $157.4 Mil.
----------------------------------------------------------------
The Majestic Star Casino, LLC released financial results for the
three- and nine-month periods ended Sept. 30, 2007.  The Majestic
Star Casino, LLC and its subsidiaries operate two adjacent
dockside gaming facilities located in Gary, Indiana, and two
Fitzgeralds brand casinos located in Tunica, Mississippi and Black
Hawk, Colorado.

At Sept. 30, 2007, the company's balance sheet showed total assets
of $509.3 million and total liabilities of $666.7 million,
resulting in a stockholders' deficit of $157.4 million.  Deficit
at Dec. 31, 2006, was $139.5 million.

The company expects to report a net loss of $7.1 million compared
to a net loss of $5.8 million for the same period in 2006.  The
$1.3 million increase in net loss from the three months ended
Sept. 30, 2006 was mainly due to increased operating expenses
totaling $4.5 million, primarily from casino, food and beverage,
advertising and promotion, and general and administrative
expenses, offset by the increased net revenue discussed above and
by a decline in gaming taxes.

The company's net revenues for the three-month period ended
Sept. 30, 2007 were $89.9 million, an increase of $3.5 million, or
4.0%, from the same period in 2006.  Casino revenues decreased
$4.8 million, or 5.0%, to $90.1 million.  The Majestic Properties
contributed an increase in net revenues of $4.0 million and a
decrease in casino revenues of $2.7 million.  At Fitzgeralds
Tunica, we experienced higher net revenues of $0.3 million and
lower casino revenues of $1.4 million, and at Fitzgeralds Black
Hawk, net and casino revenues decreased by $0.8 million and $0.7
million, respectively.

The company expects to report a net loss of $15.7 million compared
to a net loss of $4.8 million for the same period in 2006.  The
$10.9 million increase in net loss was again primarily due to
increased operating expenses of $12.4 million, with the principal
increases coming in the areas of casino, food and beverage, and
advertising and promotional expenses, and a loss on sale and
write-down of slot machines.  A $1.2 million increase in interest
expense also contributed to the company's net loss.  Partially
offsetting the increased expenses was the $2.6 million increase in
net revenues, and a $1.1 million decline in gaming taxes.

The company's net revenues for the nine-month period ended
Sept. 30, 2007 were $274.5 million, an increase of $2.6 million,
or 1.0%, from the same period in 2006.  Casino revenues decreased
$7.3 million, or 2.5%, to $281.3 million.  The Majestic Properties
contributed an increase in net and casino revenues of $4.5 million
and $0.4 million, respectively.  At Fitzgeralds Tunica, net
revenues increased $0.2 million, while casino revenues declined
$5.6 million from the prior year, and at Fitzgeralds Black Hawk,
we experienced lower net and casino revenues of $2.2 million and
$2.1 million, respectively.

Total cash and cash equivalents at Sept. 30, 2007 was
$31.1 million as compared to $25.5 million at Dec. 31, 2006.  
Total debt outstanding at Sept. 30, 2007 and Dec. 31, 2006 was
$541.7 million and $546.0 million, respectively, exclusive of
$56.0 million and $51.1 million, respectively, of discount notes
"pushed-down" to the company from its parent, Majestic Holdco,
LLC, pursuant to the guidelines of SEC Staff Accounting
Bulletin 73 Topic 5(J).  The company had $38.5 million available
on its $80.0 million credit facility at Sept. 30, 2007.

                      About Majestic Star

Headquartered in Las Vegas, Nevada, Majestic Star Casino LLC --
http://www.majesticstar.com/-- directly and indirectly owns and  
operates riverboat casinos in Gary, Indiana; Tunica, Mississippi;
and Black Hawk, Colorado.  Majestic Star Holdco LLC, owns 100% of
Majestic Star Casino LLC.  Mr. Barden indirectly holds 100% of the
company's membership
interests.

                          *     *     *

As reported in the Troubled Company Reporter on Nov. 15, 2007,
Moody's Investors Service lowered Majestic Holdco, LLC's B2
corporate family and B2 probability of default rating to B3 while
its 12-1/2% discount notes were lowered to Caa2 (LGD-6, 95%) from
Caa1 (LGD-6, 95%).  Majestic Holdco's rating outlook is negative.  

The Majestic Star Casino, LLC's senior secured note rating was
lowered to B2 (LGD-3, 34%) from B1 (LGD-3, 33%) while its senior
unsecured note rating was lowered to Caa2 (LGD-5, 80%) from Caa1
(LGD-5, 80%).

As reported in the Troubled Company Reporter on Oct. 29, 2007,
Standard & Poor's Ratings Services lowered its corporate credit
rating on Majestic Star Casino LLC to 'B-' from 'B'.  This and
other ratings on the company were removed from CreditWatch, where
they were placed Sept. 10, 2007 with negative implications.  The
rating outlook is negative.
     
At the same time, Standard & Poor's lowered its issue-level rating
on Majestic Star's $80 million senior secured revolving credit
facility to 'B+' from 'BB-'.  The recovery rating on this debt
remains at '1', indicating the expectation for very high (90% to
100%) recovery in the event of a payment default.  In addition,
the rating on Majestic Star's 9.75% senior unsecured notes and
parent holding company Majestic Holdco LLC's senior discount notes
was lowered to 'CCC' from 'CCC+'.
     
The rating on the company's 9.5% senior secured notes was affirmed
at 'B+' to reflect Standard & Poor's revisions to its recovery
rating scale and issue-level rating framework, which were
announced earlier this year.  The recovery rating on this
secured debt also remains at '1'.


MARSHALL HOLDINGS: Posts $711,208 Net Loss in Third Quarter
-----------------------------------------------------------
Marshall Holdings International Inc. reported a net loss of
$711,208 on sales of $454,649 for the third quarter ended
Sept. 30, 2007, compared with a net loss of $841,957 on sales of
$1.6 million in the same period last year.

The decrease in sales mainly reflects the company's inability to
fill orders due to the lack of operating capital.

The decrease in net loss primarily attributable to a decrease in
selling, general and administrative expenses for the period.

The company's consolidated balance sheet at Sept. 30, 2007, showed
$14.5 million in total assets, $13.4 million in total liabilities,
and $1.1 million in net stockholders' equity.

The company's consolidated balance sheet at Sept. 30, 2007, also
showed strained liquidity with $5.2 million in total current
assets available to pay $11.3 million in total current
liabilities.

Full-text copies of the company's consolidated financial
statements for the quarter ended Sept. 30, 2007, are available for
free at http://researcharchives.com/t/s?25b3

                       Going Concern Doubt

As reported in the Troubled Company Reporter on May 2, 2007,
Madsen & Associates CPA's Inc. expressed substantial doubt about  
Marshall Holdings International Inc.'s ability to continue as a
going concern after auditing the company's consolidated financial
statements as of the year ended Dec. 31 2006.  The auditing firm
pointed to the company's significant recurring losses, negative
cash flows from operations, and working capital deficiency.

                     About Marshall Holdings

Headquartered in Las Vegas, Nevada, Marshall Holdings
International Inc. fka Gateway Distributors Ltd. (OTC BB: MHII.OB)
-- http://www.mhii.net/-- is a distributor of vitamins,  
nutritional supplements, whole health foods and skin care products
mainly in the United States of America and Canada, with some sales
in Russia and Indonesia.


MATTRESS USA OF VA: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Mattress USA of Virginia, LLC
        c/o Christopher T. Farrar, Treasurer
        9632 Kingscroft Drive
        Glen Allen, VA 23060

Bankruptcy Case No.: 07-72769

Chapter 11 Petition Date: November 21, 2007

Court: Eastern District of Virginia (Norfolk)

Judge: David H. Adams

Debtor's Counsel: Harry W. Jernigan, III, Esq.
                  Harry Jernigan CPA Attorney, P.C.
                  258 North Witchduck Road, Suite C
                  Virginia Beach, VA 23462
                  Tel: (757) 490-2200
                  Fax: (757) 490-0280

Estimated Assets: $100,000 to $1 Million

Estimated Debts:  $1 Million to $100 Million

Debtor's list of its 20 Largest Unsecured Creditors:

   Entity                               Claim Amount
   ------                               ------------
Serta Mattress Co.                          $288,754
8415 Ardmore Road
Hyattsville, MD 20785

Spears Mattress Company                     $152,881
195 Chatillion Road
Rome, GA 30161

Paramount Industrial Companies               $50,777
1112 Kingwood Avenue
Norfolk, VA 23502

Wachovia Bank                                $50,000

United Sleep Products                        $46,615

Consolidated Bedding, Inc.                   $43,119

Sinclair Communications                      $39,686

Commonwealth Associates Lynnhaven, LLC       $38,335

East Coast Investment Co.                    $31,711

Goodman Properties, Inc.                     $30,159

The Simmons Manufacturing Co., LLC           $26,351

Daily Press                                  $19,550

Protecta-A-Bed North America                 $17,855

Bowlin Court, LLC                            $15,894

Radio Disney                                 $14,718

WAFX                                         $13,600

L&P Financial Services                       $12,205

Virginia Department of Taxation              $11,000

Latex International                           $9,632

SL Nusbaum Realty Co.                         $7,604


MORRIS LUMBER: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Morris Lumber Company, Inc.
        318 Midland Street
        Somerville, TN 38068

Bankruptcy Case No.: 07-13801

Chapter 11 Petition Date: November 21, 2007

Court: Western District of Tennessee (Jackson)

Judge: G. Harvey Boswell

Debtor's Counsel: Michael T. Tabor, Esq.
                  203 South Shannon
                  P.O. Box 2877
                  Jackson, TN 38302-2877
                  Tel: (731) 424-3074

Total Assets: $583,950

Total Debts:  $1,132,400

Debtor's list of its 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim  Claim Amount
   ------                          ---------------  ------------
Bancorp South                      1995 GMC 2 Ton       $470,000
16225 Highway 64                   Dump Truck           Secured:
Somerville, TN 38068                                      $7,500

Boise Building Solutions                                 $55,475
P.O. Box 120001
Department 0640
Dallas, TX 75312-0640

Central Woodwork, Inc.                                   $32,139
P.O. Box 1819
Memphis, TN 38101-1819

Georgia Pacific Corporation                              $27,847

Somerville Bank & Trust                                  $26,905

Raney Truss                                              $20,145

Moore-Handley, Inc.                                      $19,587

General Shale Brick                                      $16,482

MW Manufacturers, Inc.                                   $13,124

Benjamin Moore Paints                                    $11,709

Camco Roofing Supplies                                    $9,025

First Equity Card                                         $6,316

Sears                                                     $5,196

Wells Fargo                                               $4,877

Materials Packing Corp.                                   $3,851

Southern Fastening                                        $3,833

Home Depot Credit Services                                $3,677

Southern Concrete Products                                $2,565

Industrial Products Co.                                   $2,143

Office Depot Credit Plan                                  $1,920


MYSTIQUE ENERGY: Posts CDN$3.3 Mil. Net Loss in Third Quarter 2007
------------------------------------------------------------------
Mystique Energy Inc. reported its financial and operational
results for the three month and nine month periods ended Sept. 30,
2007.  

The company had a negative cash flow of CDN$178,600 in the third
quarter of 2007, compared to CDN$427,000 for the third quarter of
2006.

It incurred  a net loss of CDN$3,381,800, compared to $81,800 for
the second quarter of 2006.

Revenues for the third quarter of 2007 were CDN$362,167,000, as
compared with CDN$930,091,000 for the third quarter of 2006.

As of Sept. 30, 2007, the company had total assets of
CDN$10,993,271, total liabilities of CDN$10,683,760, resulting in
total stockholders' equity of CDN$309,511.

Mystique has a working capital deficiency of CAD712,889 at the end
of the third quarter 2007, compared to a working capital
deficiency of CDN$19,484,605 at the end of the same period for
2006.

As a result of selling all of the remaining petroleum and natural
gas properties in the third quarter the company paid the remaining
amount of the revolving loan facility, as compared to
CDN$6,341,571 for the same period 2006.

As of Nov. 23, 2007, there are 59,840,682 shares outstanding.

             Developments in the Third Quarter 2007

During the third quarter the company executed a letter of intent
for a business combination with a private company.

The company also filed a plan of arrangement on Nov. 19, 2007,
with Alberta Court of Queen's Bench pursuant to an order granted
by the Court on April 24, 2007 for creditor protection under the
Companies' Creditors Arrangement Act.  The initial Court order
granting creditor protection under CCAA was extended until
Jan. 31, 2008.

Mystique will present the Plan to creditors for consideration on
Dec. 19, 2007.

A complete copy of the financial and operating results is
downloadable for free at

              http://ResearchArchives.com/t/s?25b4

                      About Mystique Energy

Headquartered in Alberta, Canada, Mystique Energy Inc. --
http://www.mystiqueenergy.ca/-- (TSXV: MYS) is a junior oil & gas     
company focused on exploration and development of petroleum and
natural gas reserves, with production in western Alberta.

From April 24, 2007 and until Oct 15, 2007, the company was under
the Companies Creditors Arrangement Act, R.S.C. 1985, c. C-36, as
Amended.  The Court appointed Ernst & Young Inc. to act as officer
of the Court to monitor the business and affairs of the company
until discharged by the Court.


NETBANK INC: Court OKs GGG Inc. as Crisis & Restructuring Managers
------------------------------------------------------------------
The United States Bankruptcy Court for the Middle District of
Florida gave NetBank Inc. permission to employ GGG Inc. as its
crisis and restructuring managers.

As the Debtor's crisis and restructuring managers, GGG Inc. is
expected to:

   a) review and evaluate the Debtor's operations, business plans
      and financial projections with the objective of assisting
      the Debtor to improve operating performance and enhance
      enterprises values;

   b) assist management in designing and implementing programs to
      manage or divest assets, improve operations, reduce costs
      and restructure as necessary with the objective of
      rehabilitating the Debtor's business;

   c) assist the Debtor and it counsel in negotiation with
      significant creditors or interested third parties regarding
      debtor-in-possession financing, use of cash collateral or
      other form of financing;

   d) assist in the preparation of the Debtor's schedules of
      assets and liabilities and statement of financial affairs;

   e) advise the Debtor concerning interfacing with statutory
      committees, their constituencies and their professionals,
      including the preparation of financial and operating
      information required by the parties, the Court or both;


   f) advise and assist management in the development of a plan(s)
      of reorganization and underlying business plans, including
      the related assumptions and rationale, along with other
      information to be included in the disclosure statement;

   g) advise and assist the Debtor in forecasting, planning,
     controlling and other aspects of managing cash;

   h) advise the Debtor with respect to resolving claims disputes
      and otherwise managing the claims process;

   i) render, as requested, expert testimony concerning the
      feasibility of a plan(s) of reorganization and other matters
      that may arise in the case;

   j) assist with the marketing of the Debtor's assets, including
      but not limited to its affiliate, MG Reinsurance Company;
      and

   k) provide other services as may be required by Debtor.

The Debtor tells the Court that the firm was previously
retained to analyze its prospects for an operating and financial
rehabilitation and recommend strategies for maximizing returns to
creditors before it filed for bankruptcy.

The Debtor further says that the firm received $27,500 retainer
for the initial assessment services.  In addition, the firm also
received a $100,000 retainer for professional fees and $10,000 for
expenses.

Lee N. Katz, the firm's managing partner, bills $395 per hour for
this engagement, while the firm's other professionals charge $295
per hour for service rendered.

Mr. Katz assures the Court that the firm does not hold any
interest adverse to the Debtor's estate and is a "disinterested
person" as defined in Section 101(14) of the Bankruptcy Code.

Mr. Katz can be reached at:

   Lee N. Katz
   Managing Partner
   GGG, Inc. (Grisanti, Galef & Goldress)
   333 Sandy Springs Circle
   Suite 106
   Atlanta, GA 30328
   Tel: (404) 256-0003
   Fax: (404) 256-4555
   http://www.gggmgt.com/

Headquartered in Jacksonville, Florida, NetBank Inc. --  
http://www.netbank.com/-- is a financial holding company of    
Netbank, the United States' oldest Internet bank serving retail
and business customers in all 50 states.  NetBank Inc. does retail
banking, mortgage banking, business finance, and providing ATM and
merchant processing services.

The company filed for Chapter 11 protection on Sept. 28, 2007
(Bankr. M.D. Fla. Case No. 07-04295).  Alan M. Weiss, Esq., at
Holland & Knight LLP.

As of Sept. 25, 2007, Debtor listed total assets at $87,213,942
and total debts at  $42,245,857.


NETBANK INC: U.S. Trustee Appoints Six-Member Creditors Committee
-----------------------------------------------------------------
The U.S. Trustee for Region 21 appointed six creditors to serve on
an Official Committee of Unsecured Creditors for NetBank Inc.'s
Chapter 11 bankruptcy case.

The Creditors Committee members are:

   a) Jerald W. McCoy
      4429 Swilcan Bridge Lane
      Jacksonville, FL 32224
      Tel: (904) 535-3205
      Fax: (866) 422-0010
      
   b) William M. Ross
      2701 Forest Circle
      Jacksonville, FL 32257
      Tel: (904) 864-5323
      Fax: (347) 823-5085

   c) Theodore Brauch
      24541 Indian Midden Way
      Ponte Vedra Beach, FL 32082
      Tel: (904) 285-6796

   d) Chip S. Register
      208 White Birch Circle
      Columbia, SC 29233
      Tel: (303) 968-8039
      Fax: (303) 790-9784

   e) Wilmington Trust Company
      c/o James J. McGinley
      520 Madison Avenue, 33rd Floor
      New York, NY 10022
      Tel: (212) 415-0522
      Fax: (212) 415-0513

   f) Wells Fargo Bank
      c/o James R. Lewis
      45 Broadway, 14th Floor
      New York, NY 10006
      Tel: (212) 515-5258
      Fax: (866) 524-4681

Official creditors' committees have the right to employ legal
and accounting professionals and financial advisors, at the
Debtors' expense.  They may investigate the Debtors' business and
financial affairs.  Importantly, official committees serve as
fiduciaries to the general population of creditors they represent.  
Those committees will also attempt to negotiate the terms of a
consensual Chapter 11 plan -- almost always subject to the terms
of strict confidentiality agreements with the Debtors and other
core parties-in-interest.  If negotiations break down, the
Committee may ask the Bankruptcy Court to replace management with
an independent trustee.  If the Committee concludes reorganization
of the Debtor is impossible, the Committee will urge the
Bankruptcy Court to convert the Chapter 11 cases to a liquidation
proceeding.

Headquartered in Jacksonville, Florida, NetBank Inc. --  
http://www.netbank.com/-- is a financial holding company of    
Netbank, the United States' oldest Internet bank serving retail
and business customers in all 50 states.  NetBank Inc. does retail
banking, mortgage banking, business finance, and providing ATM and
merchant processing services.

The company filed for Chapter 11 protection on Sept. 28, 2007
(Bankr. M.D. Fla. Case No. 07-04295).  Alan M. Weiss, Esq., at
Holland & Knight LLP.

As of Sept. 25, 2007, Debtor listed total assets at $87,213,942
and total debts at  $42,245,857.


NEXTPHASE WIRELESS: Sept. 30 Balance Sheet Upside-Down by $3 Mil.
-----------------------------------------------------------------
NextPhase Wireless Inc.'s consolidated balance sheet at Sept. 30,
2007, showed $2,023,605 in total assets and $5,060,729 in total
liabilities, resulting in a $3,037,124 total shareholders'
deficit.

The company's consolidated balance sheet at Sept. 30, 2007, also
showed strained liquidity with $336,349 in total current assets
available to pay $5,031,496 in total current liabilities.

The company reported a net loss of $705,012 on total revenue of
$511,454 for the second quarter ended Sept. 30, 2007, compared
with a net loss of $411,968 on total revenue of $636,426 in the
same period ended Sept. 30, 2006.

The operating loss for the company for the three months ended
Sept. 30, 2007, was $708,388 versus $342,062 for the same period
in the prior year.  This was an increase of $366,326 of which
$205,152 of the increase was for non-cash items.   Gain on
settlement of liabilities was $70,282 during the three months
ended Sept. 30, 2007.

Full-text copies of the company's consolidated financial
statements for the quarter ended Sept. 30, 2007, are available for
free at http://researcharchives.com/t/s?25ae

                      Going Concern Doubt

KMJ Corbin & Company LLP in Irvine, California, expressed
substantial doubt about NextPhase Wireless' ability to continue
as a going concern after auditing the the company's consolidated
financial statements for the year ended March 31, 2007.  The
auditing firm pointed to the company's working capital deficiency
and losses from operations.

                    About NextPhase Wireless

Headquartered in Anaheim, California, NextPhase Wireless Inc.
(OTC BB: NXPW) -- http://www.npwireless.com/-- currently provides  
wireless broadband coverage in California and Nevada and Internet
Service Provider coverage in 19 states throughout the Unites
States.


PROVIDENCE SERVICE: Earns $3.2 Million in Quarter Ended Sept. 30
----------------------------------------------------------------
The Providence Service Corporation reported financial results for
the third quarter ended Sept. 30, 2007.

Net income was $3.2 million in the quarter ended Sept. 30, 2007,
in line with guidance issued in conjunction with the release of
second quarter results.  In the year ago quarter ended Sept. 30,
2006, net income was $2.7 million.

For the third quarter of 2007, the company reported revenue of
$63.7 million, an increase of 35% from $47.1 million for the
comparable period in 2006 and up sequentially from $62.3 million
in the second quarter of 2007 despite the seasonal loss of
approximately $1.0 million per month of school based revenue.  
Operating income was $5.5 million in the quarter, a 27% increase
over $4.3 million in the year ago period.  Providence's direct
client census grew to over 46,000 at Sept. 30, 2007 from nearly
22,000 at Sept. 30, 2006.  The number of direct contracts
increased to 455 at Sept. 30, 2007 from 341 at Sept. 30, 2006.  
The company continued to report 100% contract renewal for the
period, although certain contracts that renewed beginning on July
1 were consolidated, leading to the decline in the number of
direct contracts from June 30, 2007, but not the associated
census.

Managed entity revenue, which represents revenue of the not-for-
profit social services organizations the Company provides
management and/or administrative services to in return for a
negotiated management fee, increased 13% to $54.4 million for the
quarter ended Sept. 30, 2007 from $48.0 million for the prior year
period.  Managed entity revenue is presented to provide investors
with an additional measure of the size of the operations under
Providence's management or administration and can help investors
understand trends in management fee revenue.  Managed client
census grew to nearly 24,000 at Sept. 30, 2007 as compared to
approximately 23,000 at Sept. 30, 2006.  Contracts of managed
entities grew from 300 to 318 year over year.

For the first nine months of 2007, revenue increased 37% to
$186.5 million from $135.9 million for the year ago period.  
Operating income gained 17% to $16.8 million for the nine month
period compared to $14.4 million in the first nine months of 2006.  
Net income was $10.1 million for the nine month period ended
Sept. 30, 2007, compared to net income of $8.7 million for the
nine months ended Sept. 30, 2006.  Managed entity revenue was
$165.1 million and $137.2 million in the first nine months of 2007
and 2006, respectively.

"This quarter's performance was in line with where we thought we
would be and we remain on track for the full year," Fletcher
McCusker Chairman and CEO, said.  "We are thrilled with our 100%
contract renewal rate in the quarter and our performance getting
contracts negotiated and signed during the July fiscal year
transition.  We are happy to report that we have renewed all of
our school based business and added approximately $2 million of
additional organic growth from the July procurement cycle.  Also,
since the end of the last quarter we acquired substantially all of
the assets of Family & Children's Services, Inc. in Pennsylvania
and acquired WCG International Consultants Ltd in Canada, the
integration of which are going as planned.  And we announced the
signing of a merger agreement and arrangement of financing for our
largest acquisition ever, which we believe will create a
significant platform for growth in 2008 and beyond."

At Sept. 30, 2007, the company's balance sheet showed total assets
of $218.1 million and total liabilities of $47.5 million,
resulting in a stockholders' equity of $170.6 million.  Equity at
Dec. 31, 2006, was $192.3 million.

Headquartered in Tucson, Arizona, Providence Service Corporation
(Nasdaq: PRSC) -- http://www.provcorp.com/-- provides and manages  
government sponsored social services.  

                           *     *     *

As reported in the Troubled Company Reporter on Nov. 15, 2007,
Moody's Investors Service assigned a B2 Corporate Family Rating to
Providence Service Corporation.  Concurrently, Moody's also
assigned a B1 to the company's proposed senior secured credit
facilities comprised of these: $40 million senior secured
revolver, $173 million senior secured term loan and a $40 million
delayed draw term loan.  Additionally, Moody's assigned a B2
Probability of Default Rating and an SGL-2 Speculative Grade
Liquidity Rating.  The outlook for the ratings is stable.

Standard & Poor's Ratings Services assigned its 'B+' corporate
credit rating to Tucson, Arizona-based home- and community-based
social services provider Providence Service Corp.  The outlook is
stable.
     
At the same time, Standard & Poor's assigned its bank loan and
recovery ratings to Providence's proposed first-lien credit
facilities, consisting of a $40 million revolving credit facility,
a $173 million term loan, and a $40 million delayed-draw term
loan.  The credit facilities are rated 'BB', with a recovery
rating of '1', indicating the expectation for very high (90%-100%)
recovery in the event of a payment default.


QUEBECOR WORLD: Moody's Puts B3 Corp. Family Rating Under Review
----------------------------------------------------------------
Moody's Investors Service placed Quebecor World Inc.'s long term
debt ratings on review for possible downgrade and downgraded the
company's speculative grade liquidity rating to SGL-4 (indicating
poor liquidity).  The rating action responds to the company's Nov.
20 announcement that "adverse current financial market conditions"
had caused it to withdraw "its refinancing plan involving an offer
of approximately CDN$250 million of its equity shares, an offer on
a private placement basis of an aggregate of $500 million of new
debt securities and amendments to the Company's secured credit
facilities".

In combination with the benefits of a pending partial divestiture
of its European operations, these steps would have significantly
improved the company's liquidity position.  With the refinancing
transaction having been cancelled, the company's financing
arrangements require prompt attention in order to assure ongoing
orderly operations, and Moody's considers near term default risk
and, therefore, QWI's long term debt ratings, to be inextricably
linked to the company's ability to normalize its financing
arrangements.

Moody's intends to review the company's financing/liquidity plans
in short order, with any resulting rating action being based on
likely effectiveness and prospects for timely execution.  With QWI
appearing to be on the verge of generating modest positive cash
flow as the cash drain related to its extensive retooling exercise
nears completion, presuming that the company's financing/liquidity
plans are viable, Moody's would affirm the existing B3 corporate
family rating and Caa1 instrument ratings.  Should this not be the
case, downwards ratings actions are likely.

Downgrades:

Issuer: Quebecor World, Inc.

  -- Speculative Grade Liquidity Rating, Downgraded to SGL-4
     from SGL-3

  -- Senior Unsecured Regular Bond/Debenture, (unchanged at
     Caa1) Downgraded to LGD4, 66 from LGD4, 60

Issuer: Quebecor World Capital Corporation

  -- Senior Unsecured Regular Bond/Debenture, (unchanged at
     Caa1) Downgraded to LGD4, 66 from LGD4, 60

Issuer: Quebecor World Capital ULC

  -- Senior Unsecured Regular Bond/Debenture, (unchanged at
     Caa1) Downgraded to LGD4, 66 from LGD4, 60

On Review for Possible Downgrade:

Issuer: Quebecor World, Inc.

  -- Corporate Family Rating, Placed on Review for Possible
     Downgrade, currently B3

  -- Senior Unsecured Regular Bond/Debenture, Placed on Review
     for Possible Downgrade, currently Caa1

  -- Probability of Default Rating, Placed on Review for
     Possible Downgrade, currently B3

Issuer: Quebecor World Capital Corporation

  -- Senior Unsecured Regular Bond/Debenture, Placed on Review
     for Possible Downgrade, currently Caa1

Issuer: Quebecor World Capital ULC

  -- Senior Unsecured Regular Bond/Debenture, Placed on Review
     for Possible Downgrade, currently Caa1

Outlook Actions:

Issuer: Quebecor World, Inc.

  -- Outlook, Changed to Rating Under Review from Stable

Issuer: Quebecor World Capital Corporation

  -- Outlook, Changed to Rating Under Review from Stable

Issuer: Quebecor World Capital ULC

  -- Outlook, Changed to Rating Under Review from Stable

Withdrawals:

Issuer: Quebecor World, Inc.

  -- Senior Unsecured Regular Bond/Debenture, Withdrawn,
     previously rated Caa1 (LGD4, 60)

In addition, QWI noted it "will continue to evaluate financing
alternatives, including the issuance of equity and debt securities
when conditions are more favourable, asset sales and sale
leaseback transactions and explore other alternatives.  To that
effect, the Board will hire independent financial advisors."  
QWI's major shareholder, Quebecor Inc., (holds 85% of the voting
rights and 35.6% of QWI's economic equity) has indicated that it
"will cooperate in the exploration of other alternatives that will
be examined by the Quebecor World board."  This has raised
conjecture of QWI being sold.  Moody's is not aware that any such
activities are being pursued.  Irrespective, while a sale may have
an impact on QWI's future ratings, until a transaction becomes
certain, it will have no immediate ratings' impact.

In the interim, developments will be monitored and assessed as
they occur.  In addition to the above matters, Moody's withdrew
the instrument ratings related to the cancelled debt issue and
implemented minor revisions to loss given default ratings.

Headquartered in Montreal, Quebec, Canada, Quebecor World Inc. is
one of the world's largest commercial printers.


SECURITY WITH: Scott Sutton Resigns as President and Director
-------------------------------------------------------------
Security With Advanced Technology Inc., in a regulatory filing
with the Securities and Exchange Commission dated Nov. 21, 2007,
disclosed that Scott Sutton, president and a director the company,
delivered on Nov. 16, 2007, written notice indicating that he was
resigning his positions with the company effective Dec. 21, 2007.

On Nov. 21, 2007, the company accepted Mr. Sutton's resignations
effective immediately, although the company has agreed, subject to
certain conditions, to pay Mr. Sutton's base salary and provide
Mr. Sutton with benefits under the terms of his employment
agreement through Dec. 21, 2007.  Although Mr. Sutton's notice
stated that he was resigning for "good reason", as such term is
defined in Mr. Sutton's employment agreement, the company
disagrees that there is any basis for such a termination and has
so notified Mr. Sutton.  Accordingly, following Dec. 21, 2007, the
company does not expect to have any material ongoing obligations
to Mr. Sutton.  The company does not have immediate plans to fill
Mr. Sutton's positions as the president and a director of the
company.

                       About Security With

Headquartered in Westminster, Colorado, Security With Advanced
Technology Inc. (Nasdaq: SWAT) -- http://www.swat-systems.com/--  
provides critical, high-tech security products and services, which
include non-lethal protection devices, tactical training services,
surveillance and intrusion detection systems and mobile digital
video surveillance solutions.  SWAT's products and services are
designed for government agencies, military and law enforcement, in
addition to transportation, commercial facilities and non-lethal
personal protection segments.

                       Going Concern Doubt

GHP Horwath P.C. expressed substantial doubt about Security With
Advanced Technology Inc.'s ability to continue as a going concern
after auditing the company's consolidated financial statements for
the year ended Dec. 31, 2006.  The auditing firm reported that the
company did not generate significant revenues in 2006, reported a
net loss of approximately $9,347,000 and consumed cash in
operating activities of approximately $5,651,000 for the year
ended Dec. 31, 2006.

The company reported a net loss of $6.1 million for the third
quarter ended Sept. 30, 2007, compared with a net loss of
$1.6 million in the same period last year.


SECURITY WITH ADVANCED: Posts $6.1 Mil. Net Loss in Third Quarter
-----------------------------------------------------------------
Security With Advanced Technology Inc. reported a net loss of
$6.1 million on net sales of $421,601 for the third quarter ended
Sept. 30, 2007, compared with a net loss of $1.6 million on net
sales of $18,629 in the same period last year.

The increase in sales between 2007 and 2006 is attributable to an
increase in the revenues from the ShiftWatch division in 2007 of
approximately $96,000, in addition to sales from Vizer and Avurt,
acquired in 2007, that totaled approximately $307,100, for the
three months ended Sept. 30, 2007.

The net loss for the three months ended Sept. 30, 2007, included  
$381,404 in stock based compensation and $3.1 million in interest
accretion on the convertible note offering completed in March and
April 2007.

Cost of sales for the three months ended Sept. 30, 2007, totaled
$746,400, which is a $505,900 increase as compared to the 2006
period.  The change in cost of sales primarily resulted from
$325,600 of additional costs associated with the issues related to
the ShiftWatch(TM) TVS DVR unit installation, testing and re-work
costs that were incurred in 2007.  

The company's consolidated balance sheet at Sept. 30, 2007, showed
$14.1 million in total assets, $2.9 million in total liabilities,
and $11.2 million in total shareholders' equity.

Full-text copies of the company's consolidated financial
statements for the quarter ended Sept. 30, 2007, are available for
free at http://researcharchives.com/t/s?25b1

                      Going Concern Doubt

GHP Horwath P.C. expressed substantial doubt about Security With
Advanced Technology Inc.'s ability to continue as a going concern
after auditing the company's consolidated financial statements for
the year ended Dec. 31, 2006.  The auditing firm reported that the
company did not generate significant revenues in 2006, reported a
net loss of approximately $9,347,000 and consumed cash in
operating activities of approximately $5,651,000 for the year
ended Dec. 31, 2006.

                       About Security With

Headquartered in Westminster, Colorado, Security With Advanced
Technology Inc. (Nasdaq: SWAT) -- http://www.swat-systems.com/--  
provides critical, high-tech security products and services, which
include non-lethal protection devices, tactical training services,
surveillance and intrusion detection systems and mobile digital
video surveillance solutions.  SWAT's products and services are
designed for government agencies, military and law enforcement, in
addition to transportation, commercial facilities and non-lethal
personal protection segments.


SEYCHELLE ENV'L: Aug. 31 Balance Sheet Upside-Down by $316,506
--------------------------------------------------------------
Seychelle Environmental Technologies Inc.'s consolidated balance
sheet at Aug. 31, 2007, showed $1,058,562 in total assets and
$1,375,068 in total liabilities, resulting in a $316,506 total
shareholders' deficit.

The company's consolidated balance sheet at Aug. 31, 2007, also
showed strained liquidity with $893,803 in total current assets
available to pay $900,893 in total current liabilities.

The company reported a net loss of $225,483 on sales of $150,375
for the second quarter ended Aug. 31, 2007, compared with a net
loss of $283,782 on sales of $219,024 in the same period ended
Aug. 31, 2006.

The decrease in sales is attributable to a decrease in sales to
Wellness Enterprises during the quarter.  Sales to Wellness
Enterprises during the three-month period ended Aug. 31, 2007,
approximated $1,000 compared to $91,000 in sales for the three-
month period ended Aug. 31, 2006.  

The decrease in net loss was primarily due to a decrease in
interest expense which was partly offset by an increase in general
and administrative expenses.

Full-text copies of the company's consolidated financial
statements for the quarter ended Aug. 31, 2007, are available for
free at http://researcharchives.com/t/s?25b2

                 About Seychelle Environmental

Based in San Juan Capistrano, California, Seychelle Environmental
Technologies Inc. (PNK: SYEV.PK) -- http://www.seychelle.com/--
designs and manufactures state-of-the-art ionic adsorption micron
filters that remove up to 99.99% of all pollutants and
contaminants found in any fresh water source.  Patents or trade
secrets cover all proprietary products.


SHAFFER & SON: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Shaffer & Son, Inc.
        P.O. Box 710
        Hershey, PA 17033-0710

Bankruptcy Case No.: 07-03724

Type of Business: The Debtor builds and remodels townhouses,
                  single- and multi-family homes, and residential
                  developments.  See http://www.shafferandson.com/

Chapter 11 Petition Date: November 21, 2007

Court: Middle District of Pennsylvania (Harrisburg)

Debtor's Counsel: Leslie David Jacobson, Esq.
                  8150 Derry Street, Suite A
                  Harrisburg, PA 17111
                  Tel: (717) 909-5858
                  Fax: (717) 909-7788

Estimated Assets: $1 Million to $100 Million

Estimated Debts:  $1 Million to $100 Million

The Debtor did not file a list of its 20 largest unsecured
creditors.


SIENA TECH: Sept. 30 Balance Sheet Upside-Down by $3.5 Million
--------------------------------------------------------------
Siena Technologies Inc.'s consolidated balance sheet at Sept. 30,
2007, showed $9.9 million in total assets and $13.4 million in
total liabilities, resulting in a $3.5 million total stockholders'
deficit.

The company's consolidated balance sheet at Sept. 30, 2007, also
showed strained liquidity with $2.0 million in total current
assets available to pay $3.5 million in total current liabilities.

The company reported a net loss of $799,124 on sales of
$2.2 million for the third quarter ended Sept. 30, 2007, compared
with a net loss of $954,853 on sales of $4.2 million in the same
period of 2006.

The decrease in sales primarily reflects the final sales that were
recorded in the three months ended Sept. 30, 2006, on an
$8.0 million contract.  In addition, many of the new business
prospects the company has been pursuing have either cancelled or
delayed their construction projects in Las Vegas.

Operating expenses for the three months ended Sept. decreased to  
$887,093 compared to $1.3 million for the three months ended
Sept. 30, 2006.  

Other expenses for the three months ended Sept. 30, 2007, totaled
$299,982 compared to $684,430 for the three months ended Sept. 30,
2006.  

Full-text copies of the company's consolidated financial
statements for the quarter ended Sept. 30, 2007, are available for
free at http://researcharchives.com/t/s?25af

                       Going Concern Doubt

Jaspers + Hall PC, in Denver, Colorado, expressed substantial
doubt about Siena Technologies Inc.'s ability to continue as a
going concern after auditing the company's consolidated financial
statements for the years ended Dec. 31, 2006, and 2005.  The
auditing firm reported that the company has an accumulated deficit
of $32.3 million at Dec. 31, 2006, and is generating losses from
operations.  The continuing losses have adversely affected the
liquidity of the company.

                     About Siena Technologies

Headquartered in Las Vegas, Siena Technologies (OTC BB: SIEN.OB)
through its subsidiary, Kelley Communication Company Inc., engages
in the design, development, and integration of automated system
networks primarily for the gaming, entertainment, and luxury
residential markets in the United States.  Its systems networks
include data, telecommunications, audio and video components,
casino surveillance, security and access control systems,
entertainment audio and video, special effects, and multi-million
dollar video conference systems.  The company also designs and
fabricates servers, routers, and other control equipment that run
the systems.  In addition, it provides consulting, design, and
project management services to its customers.  


SPECIALTY ORIENT: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Specialty Orient Foods, Inc.
        20 Viscaya Court
        Wayne, NJ 07470

Bankruptcy Case No.: 07-27149

Type of Business: The Debtor is engaged in the food business.

Chapter 11 Petition Date: November 20, 2007

Court: District of New Jersey (Newark)

Judge: Donald H. Steckroth

Debtor's Counsel: Lawrence Morrison, Esq.
                  220 East 72nd Street
                  New York, NY 10021
                  Tel: (212) 861-1224
                  Fax: (212) 809-0333

Estimated Assets: $1 Million to $100 Million

Estimated Debts:  $50,000 to $100,000

The Debtor did not file a list of its 20 largest unsecured
creditors.


STANDARD DRILLING: Posts $9,674,651 Net Loss in Third Quarter
-------------------------------------------------------------
Standard Drilling Inc. reported a net loss of $9,674,651 for the
third quarter ended Sept. 30, 2007, compared with a net loss of
$1,443,556 in the same period last year.

For the three months ended Sept. 30, 2007, the company had no
revenues.  Due to the its inability to obtain additional
financing, the company has ceased all ongoing operations and are
evaluating financing alternatives and strategic options.

The increase in net loss is primarily attributable to the loss on
sale of assets associated with the purchase and sale agreement for
Rig 1 with Romfor and the September 24 Asset Purchase Agreement
with PBT Capital Partners.

At Sept. 30, 2007, the company's consolidated balance sheet showed
$1,454,539 in total assets, $164,657 in total liabilities, and
$1,289,882 in total shareholders' equity.

Full-text copies of the company's consolidated financial
statements for the quarter ended Sept. 30, 2007, are available for  
free at http://researcharchives.com/t/s?25ac

                       Going Concern Doubt

Moore & Associates, in Las Vegas, expressed substantial doubt
about Standard Drilling Inc.'s ability to continue as a going
concern after auditing the company's consolidated financial
statements for the year ended Dec. 31, 2006.  The auditing firm
reported that the company has commitments for the purchase of
equipment that exceed available funds, has no revenues, and has
generated operating losses since inception.

                     About Standard Drilling

Headquartered in Washington, D.C., Standard Drilling Inc. (OTC BB:
STDRE.OB) was organized to provide contract land drilling services
to independent and major oil and gas exploration and production
companies.  As of Sept. 30, 2007, the company ceased all ongoing
operations and is evaluating financing alternatives and strategic
options.

On Sept. 24, 2007, Standard Drilling Inc. entered into an Asset
Purchase Agreement with PBT Capital Partners LLC.  Under the terms
of the Asset Purchase Agreement, PBT Capital Partners LLC will
assume substantially all of the company's assets and associated
and contingent liabilities.


TAL ENTERPRISES: Judge Paskay Dismisses Chapter 11 Case
-------------------------------------------------------
The Honorable Alexander L. Paskay of the United States Bankruptcy
Court for the Middle District of Florida dismissed TAL Enterprises
LLC's Chapter 11 case.

Richard Johnston, Jr., Esq., at Kiesel Hughes, & Johnston, points
out that the issues underlying the Debtor's bankruptcy case have
been resolved and there are no unsecured creditors who would
benefit from the reorganization.

Headquartered in Cape Coral, Florida, TAL Enterprises LLC ffers
supervisory services of on-shore drilling rigs, as well as oil and
gas planning, permitting, and production.  The Company filed for
Chapter 11 protection on Sept. 28, 2007 (Bankr. Case No.
07-09014).  Richard Johnston, Jr., Esq., at Kiesel Hughes &
Johnston, represents the Debtor in its restructuring efforts.  
When the Debtor filed for protection against its creditors, it
listed total assets at $13,100,000 and total debts at $8,621,635.


TEN GRAND: Case Summary & 13 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Ten Grand Investment, Inc.
        608 North Judd Street
        Honolulu, HI 96817

Bankruptcy Case No.: 07-01232

Chapter 11 Petition Date: November 20, 2007

Court: District of Hawaii (Honolulu)

Judge: Robert J. Faris

Debtor's Counsel: Stuart T. Ing, Esq.
                  Law Office of Stuart T. Ing
                  345 Queen Street, Suite 900
                  Honolulu, HI 96813
                  Tel: (808) 778-3895
                  Fax: (808) 356-0256

Estimated Assets: $10,000 to $100,000

Estimated Debts:  $1 Million to $100 Million

Debtor's list of its 13 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
First Hawaiian Bank                Bank Loan             $688,000
Loan Recovery Department
P.O. Box 4070
Honolulu, HI 96812

McCully Associates                 Promissory Note       $500,000
1960 Kapiolani Boulevard
Suite B-1
Honolulu, HI 96826

County of Kauai                    Trade Debt              $9,000
Finance Department
444 Rice Street, Suite 463
Lihue, HI 96766-1340

First Fire & Casualty Insurance    Trade Debt              $8,500

Shea & Co., CPAs                   Trade Debt              $3,000

Grace Morioka                      Trade Debt              $2,000

Department of Taxation             Trade Debt              $1,500
State of Hawaii

Clyde Hori                         Trade Debt                $300

Puhi Sewer and Water               Trade Debt                $286

Kauai Island Utility Cooperative   Trade Debt                $220

Department of Water                Trade Debt                $216

Masato Hori                        Trade Debt                $200

Kauai Publishing Company           Trade Debt                $150


TEXHOMA ENERGY: June 30 Balance Sheet Upside-Down by $3,122,566
---------------------------------------------------------------
Texhoma Energy Inc.'s consolidated balance sheet at June 30, 2007,  
showed $6,507,304 in total assets and $9,629,870 in total
liabilities, resulting in a $3,122,566 total shareholders'
deficit.

The company's consolidated balance sheet at June 30, 2007, also
showed strained liquidity with $1,049,118 in total current assets
available to pay $1,474,590 in total current liabilities.

The company reported a net loss of $445,023 on revenues of
$500,531 for the third quarter ended June 30, 2007, compared with
a net loss of $2,736,843 on revenues of $710,758 in the same
period ended June 30, 2006.

As a result of the continued Black Scholes modeling the company  
recognized a $151,000 reduction in related stock accretion expense
at June 30, 2007, as compared with an expense of $1,459,000 for
the quarter ended June 30, 2006, as stock warrants were issued
during the quarter ended June 30, 2006.

                       Going Concern Doubt

GLO CPAs LLP, in Houston, expressed substantial doubt about
Texhoma Energy Inc.'s ability to continue as a going concern after
auditing the company's consolidated financial statements for the
years ended Sept. 30, 2006, and 2005.  The auditing firm reported
that the company has recurring operating losses, negative working
capital and is dependent on financing to continue operations.  

                       About Texhoma Energy

Headquartered in Dallas, Texhoma Energy Inc. (Other OTC: TXHE.PK)
engages in the exploration and production of crude oil and natural
gas.  It has a 6% participation agreement for the exploration and
development of an area in Louisiana.


TEXHOMA ENERGY: March 31 Balance Sheet Upside-Down by $3,115,823
----------------------------------------------------------------
Texhoma Energy Inc.'s consolidated balance sheet at March 31,
2007, showed $6,460,403 in total assets and $9,576,226 in total
liabilities, resulting in a $3,115,823 total shareholders'
deficit.

The company's consolidated balance sheet at March 31, 2007, also
showed strained liquidity with $728,111 in total current assets
available to pay $1,383,434 in total current liabilities.

The company reported a net loss of $151,930 on revenues of
$437,537 for the second quarter ended March 31, 2007, compared
with a net loss of $153,302 on revenues of $466,137 in the same
period in 2006.

As a result of the continued Black Scholes modeling the company
recognized a $273,000 reduction in related stock accretion expense
at March 31, 2007, as compared with $-0- for the quarter ended
March 31, 2006, as stock warrants were issued after the quarter
ended March 31, 2006.

The company incurred interest expense of $291,000 for the three
months ended March 31, 2007, in connection with the payment of the
Laurus Note as compared with interest expense of $13,000 for the
three months ended March 31, 2006, reflecting the issuance of the
note on March 28, 2006.

Full-text copies of the company's consolidated financial
statements for the quarter ended March 31, 2007, are available for
free at http://researcharchives.com/t/s?25ab

                       Going Concern Doubt

GLO CPAs LLP, in Houston, expressed substantial doubt about
Texhoma Energy Inc.'s ability to continue as a going concern after
auditing the company's consolidated financial statements for the
years ended Sept. 30, 2006, and 2005.  The auditing firm reported
that the company has recurring operating losses, negative working
capital and is dependent on financing to continue operations.  

                       About Texhoma Energy

Headquartered in Dallas, Texhoma Energy Inc. (Other OTC: TXHE.PK)
engages in the exploration and production of crude oil and natural
gas.  It has a 6% participation agreement for the exploration and
development of an area in Louisiana.


THOMAS KICINSKI: Case Summary & 11 Largest Unsecured Creditors
--------------------------------------------------------------
Debtors: Thomas P. Kicinski
         Carol O'Neal Kicinski
         235 Edgewater Drive
         Dunedin, FL 34698

Bankruptcy Case No.: 07-11362

Chapter 11 Petition Date: November 21, 2007

Court: Middle District of Florida (Tampa)

Judge: K. Rodney May

Debtors' Counsel: Buddy D. Ford, Esq.
                  Buddy D. Ford, P.A.
                  115 North MacDill Avenue
                  Tampa, FL 33609
                  Tel: (813) 877-4669
                  Fax: (813) 877-5543

Total Assets: $1,321,539

Total Debts:  $1,922,158

Debtors' list of its 11 Largest Unsecured Creditors:

   Entity                        Nature of Claim     Claim Amount
   ------                        ---------------     ------------
Regions Mftg.                    Homestead               $480,711
fka AmSouth                                              Secured:
P.O. Box 18001                                           $550,000
Hattiesburg, MS 39404                                Senior Lien:
                                                         $130,000

William & Susan Karnowsky        Loan                    $100,000
5012 Atlanta Street
Anderson, IN 46013

Bank of America - Wilmington     Credit Card              $99,445
P.O. Box 15184
Wilmington, DE 19850-5184

Terry Johnston                   Loan                     $83,527

American Express Delta           Credit Card              $41,667

EMC                              Condominium A            $47,516
                                 Tampa, Florida          Secured:
                                                         $550,000
                                                     Senior Lien:
                                                         $130,000

                                 Condominium B            $47,516
                                 Tampa, Florida          Secured:
                                                         $210,000
                                                     Senior Lien:
                                                         $190,959

Citibank                         Credit Card              $36,326

Advanta Bank Corp.               Fab Eventz               $27,989

                                 Florida Property         $23,298
                                 Pros

Bank of America - Greensboro     Credit Card              $21,537

Chase                            Credit Card              $19,400

Bank of America                  Credit Card              $15,758

Discover Card                    Credit Card              $14,566

Wells Fargo                      Credit Card              $14,144

First Equity Card                Credit Card              $11,377

Chase (Hess)                     Credit Card               $9,062

First National Bank - Omaha      Credit Card               $7,490


TOPPS MEAT: Liquidates Under Chapter 7 with New Jersey Court
------------------------------------------------------------
Topps Meat Company LLC filed for chapter 7 liquidation on Nov. 21,
2007, with the United States Bankruptcy Court for the District of
New Jersey.

The company disclosed assets and debts between $1 million to
$100 million, various reports relate, citing documents filed with
the Court.

As reported in the Troubled Company Reporter on Oct. 8, 2007,
Topps Meat was forced to close its Elizabeth plant and go out of
business effective Oct. 5, 2007, due to the economic impact of the
second-largest beef recall in U.S. history involving more than
21.7 million pounds of ground beef products.

"This is tragic for all concerned," said Anthony D'Urso, Chief
Operating Officer.  "In one week we have gone from the largest
U.S. manufacturer of frozen hamburgers to a company that cannot
overcome the economic reality of a recall this large. We sincerely
regret the impact this will have on our employees, our customers
and suppliers, and the community.  Most of all, we regret that our
products have been linked by public health agencies to recently
reported illnesses.  We hope and pray for the full recovery of
those individuals."

A small number of the 87 employees will remain at the Elizabeth
plant for an indefinite time to assist the U.S. Department of
Agriculture in its ongoing investigation and to handle
administrative matters, including ensuring the effectiveness of
the recall.

                        About Topps Meat

Headquartered in Elizabeth, New Jersey, Topps Meat Company --
http://www.toppsmeat.com/-- manufactures and supplys branded  
frozen hamburgers and other portion controlled meat for
supermarkets and merchandisers.


TRUEYOU.COM:  Amper Politziner Expreses Going Concern Doubt       
-----------------------------------------------------------
Edison, N.J.-based Amper, Politziner & Mattia, PC, raised
substantial doubt about the ability of TrueYou.Com, Inc., to
continue as a going concern after auditing the company's
consolidated financial statements for the year ended June 30,
2007.  

The auditing firm pointed to the company's incurred operating
losses and negative cash flows from operations since inception,
and working capital deficit.

TrueYou.Com posted a net income of $122,428,000 on $3,596,000 of
net revenues for the year ended June 30, 2007, as compared with a
net loss of $171,705,000 on $2,678,000 of net revenues in the
prior year.  

At June 30, 2007, the company's balance sheet showed $15,295,000
in total assets and $86,767,000 in total liabilities, resulting in
stockholders' deficit of $71,472,000.

The company's consolidated balance sheet at June 30, 2007, also
showed strained liquidity with $13,879,000 in total current assets
available to pay $86,767,000 in total current liabilities.

A full-text copy of the company's 2007 annual report is available
for free at http://ResearchArchives.com/t/s?25ad

                      About TrueYou.Com Inc.

Headquartered in Norwalk, Conn., TrueYou.Com Inc., (Other OTC:
TUYU.PK) -- http://www.klinger.com-- offers both medical and non-
medical services and products to customers.  The company co-brands
its trade name with the trade names of the salons and spas that it
acquired.  The company offers its Cosmedicine skin care products
at retail through its own location and at wholesale through
Sephora stores and the internet.  The company is developing and
testing the Klinger 360Ař Best Practices Aesthetics System(TM), a
comprehensive software and hardware practice management system
that facilitates the delivery of evidenced based "best practices"
aesthetic services.


UAL CORP: Pardus Urges Stock-for-Stock Merger with Delta
--------------------------------------------------------
Pardus Capital Management LP, a New York hedge fund with more
than $3,000,000,000 in assets, urged United Airlines and Delta
Air Lines to merge next year in a stock-for-stock transaction,
according to reports.

The Chicago Tribune says former Continental Airlines Inc. CEO
Gordon Bethune, an adviser to Pardus, led the 1 1/2-hour
presentation for Delta and United's major shareholders.  The
meeting was hosted by Merrill Lynch & Co.

According to The Wall Street Journal, Pardus, which purportedly
owns 5,600,000 shares of UAL and 7,000,000 shares of Delta, said
a combination of the No. 2 and No. 3 U.S. carriers by traffic,
makes sense at a time when high fuel prices are threatening to
wipe out U.S. carriers' newfound profitability.  

Combining United and Delta would create a global network that
would be favored by business travelers and save about
$585,000,000 a year by 2012, Pardus added, reports Bloomberg
News.  This is slightly less than the carriers' combined
projected earnings of $629,000,000, says Chicago Business News.

A United-Delta merger ideal also would steer more Delta
passengers onto United's Pacific routes and more United
passengers onto Delta's Latin American destinations, Chicago
Business notes.

"We believe it is imperative that you seek to enter into a merger
transaction with another carrier given the rapid rise in fuel
prices and the increased risk to the business as a stand-alone
entity," Pardus President Karim Samii and Shane Larson, a
principal, told Delta in a letter, reports Bloomberg.

Pardus apparently studied mergers involving Delta and three other
carriers before recommending United as "the most attractive and
practical combination," Bloomberg adds.

                         No Merger Talks

"We appreciate receiving Pardus' views on the best course for
Delta's future," Delta Air Lines CEO Richard Anderson said in a
statement.  "We have been consistent in our public statements
that Delta believes that the right consolidation transaction
could generate significant value for our shareholders and
employees and that strategic options should be evaluated.  With
oil at over $90 a barrel, this analysis takes on a heightened
importance as we factor those prices into our long-term planning
process."

However, Mr. Anderson denied reports ran by The Associated Press  
that it engaged in merger talks with United Airlines in early
November.  

The AP, in its report, said, part of the United and Delta merger
talks was a plan to keep the United name and corporate
headquarters in Chicago.

"There have been no talks with United regarding any type of
consolidation transaction and there are no such ongoing
discussions," Mr. Anderson said.  "Delta will not speculate on
possible airline consolidation and has reiterated its position on
the issue."

United Spokeswoman Jean Medina said, "We do not respond to wholly
inaccurate statements made by people who claim to have knowledge
when they clearly do not," reports Bloomberg.

Moreover, the United Master Executive Council has established
that there are no such talks between the two carriers, said
Captain Mark Bathurst, Chairman of the United Master Executive
Council.

"The United pilots have made a significant investment in the
future of our airline and have made it abundantly clear to
management that we will be opposed to any transaction that does
not fully recognize our sacrifices and contributions," said
Captain Bathurst.  "We will protect the interests and the future
of United pilots.  All interested parties should understand that
any plans to merge or consolidate with Delta or any other carrier
will not be met with a rubber stamp from this pilot group.

"We also remind management -- and Wall Street -- that it is the
pilots and other employees who have suffered under this
management group.  Interested parties need to recognize that the
true assets of this corporation are the pilots and other
employees and we will not sacrifice again to facilitate
consolidation,"  Captain Bathurst added.

                      About Delta Air

Based in Atlanta, Georgia, Delta Air Lines Inc. (NYSE:DAL) --
http://www.delta.com/-- is the world's second-largest airline
in terms of passengers carried and the leading U.S. carrier
across the Atlantic, offering daily flights to 328 destinations
in 56 countries on Delta, Song, Delta Shuttle, the Delta
Connection carriers and its worldwide partners.  Delta flies to
Argentina, Australia and the United Kingdom, among others.  The
company and 18 affiliates filed for chapter 11 protection on
Sept. 14, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-17923).
Marshall S. Huebner, Esq., at Davis Polk & Wardwell, represents
the Debtors in their restructuring efforts.  Timothy R. Coleman
at The Blackstone Group L.P. provides the Debtors with financial
advice.  Daniel H. Golden, Esq., and Lisa G. Beckerman, Esq., at
Akin Gump Strauss Hauer & Feld LLP, provide the Official
Committee of Unsecured Creditors with legal advice.  John
McKenna, Jr., at Houlihan Lokey Howard & Zukin Capital and James
S. Feltman at Mesirow Financial Consulting, LLC, serve as the
Committee's financial advisors.

The Debtors filed a chapter 11 plan of reorganization and
disclosure statement explaining that plan on Dec. 19, 2007.  On
Jan. 19, 2007, they filed revisions to the plan and disclosure
statement, and submitted further revisions to the plan on
Feb. 2, 2007.  On Feb. 7, 2007, the Court approved the Debtors'
disclosure statement.  In April 2007, the Court confirmed the
Debtors' plan.  That plan became effective on April 30, 2007.  The
Court entered a final decree closing 17 cases on Sept. 26, 2007.

As of Sept. 30, 2007, the company's balance sheet showed total
assets of $32.7 billion and total liabilities of $23 billion,
resulting in a US$9.7 billion stockholders' equity.  At Dec. 31,
2006, deficit was $13.5 billion.

                         About UAL Corp.

Based in Chicago, Illinois, UAL Corporation (NASDAQ: UAUA) --
http://www.united.com/-- is the holding company for United
Airlines, Inc.  United Airlines is the world's second largest
air carrier.  The airline flies to Brazil, Korea and Germany.

The company filed for chapter 11 protection on Dec. 9, 2002
(Bankr. N.D. Ill. Case No. 02-48191).  James H.M. Sprayregen,
Esq., Marc Kieselstein, Esq., David R. Seligman, Esq., and
Steven R. Kotarba, Esq., at Kirkland & Ellis, represented the
Debtors in their restructuring efforts.  Fruman Jacobson, Esq.,
at Sonnenschein Nath & Rosenthal LLP represented the Official
Committee of Unsecured Creditors before the Committee was
dissolved when the Debtors emerged from bankruptcy.  Judge
Wedoff confirmed the Debtors' Second Amended Plan on
Jan. 20, 2006.  The company emerged from bankruptcy protection
on Feb. 1, 2006.

At Sept. 30, 2007, the company's balance sheet showed total
assets of $25,608,000,000 and total liabilities of
$22,968,000,000.

                         *     *     *

The company continues to carry Fitch Ratings' B- Issuer Default
Rating.


VISION DEVELOPMENT: Can Access Cash Collateral from CORUS Bank
--------------------------------------------------------------
Vision Development Group of Broward County LLC obtained authority
from the United States Bankruptcy Court for the Southern District
of Florida for authority to use the cash collateral securing
repayment of their obligations to CORUS Bank N.A.

As reported in the Troubled Company Reporter on Nov. 7, 2007,
the Debtor told the Court that it owed CORUS Bank approximately
$9.2 million as of Aug. 20, 2007.  The Debtor added that the
bank asserts first priority liens and security interest in
substantially all of the Debtor's assets.

The Debtor will use the cash collateral to fund business, payroll
payments and insurance expenses.  

As adequate protection, the Debtor will grant the bank replacement
liens on postpetition collection, including, among others, rent
generated by the Debtor's property.

Headquartered in Sunrise, Florida, Vision Development Group of
Broward County L.L.C. is a real estate developer.  The company
filed for Chapter 11 on Sept. 20, 2007 (Bankr. S.D. Fla. Case No.
07-17778).  Peter D. Russin, Esq., Meland, Russin & Budwick P.A.,
represents the Debtor in its restructuring efforts.  When the
Debtor filed for protection against its creditors, it listed
assets and debts of $1 million and $100 million.  The Debtor's
exclusive period to file a chapter 11 plan expires on Jan. 18,
2008.

The Debtor's managing member, Isadore M. Cohen, also filed a
voluntary chapter 11 petition on Sept. 20, 2007 (Bankr. S.D. Fla.
Case No. 07-17779).


VISION DEVELOPMENT: Court Approves Greenberg as Special Counsel
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida
gave authority to Vision Development Group of Broward County LLC  
authority to employ Greenberg Traurig LLP as its special counsel
nunc pro tunc Sept. 20, 2007.

As the Debtors' special counsel, Greenberg Traurig is expected to
assist the Debtors with respect to these certain cases:

     i) Chelsey Funding LLC and TMG Sunrise LLC, Index No.
        601301/06 pending in the Supreme Court of the State of
        New York, County of New York;

    ii) Chelsey Funding LLC and TMG Sunrise LLC, pending before
        the American Arbitration Association in Ft. Lauderdale,
        Florida; and

   iii) Madison Capital Group LLC, Timothy Martorella, and
        Russell Caplin, Case No. 06-17909CA31 currently pending
        in the Circuit Court of the Eleventh Judicial Circuit
        in and for Miami-Dade, Florida.

Leslie D. Corwin, Esq., an attorney at Greenberg Traurig, tells
the Court that the firm will bill the Debtor according to these
rates:

     Professional                Hourly Rate
     ------------                -----------
     Leslie D. Corwin, Esq.         $700

     Senior Associate               $450
     Junior Associate               $295

Mr. Corwin also said that the firm holds a pre-petition claim in
the amount of $212,486.47 against the Debtor.

Payments in the total amount of $50,458.09 have been received by
the Debtor or on behalf of the Debtor within the 90 days prior to
the Debtors' bankruptcy filing.

To the best of the Debtor's knowledge the firm does not hold
any interest adverse to the Debtor and its estate and is
"disinterested" as that term is defined in Section 101(14) of
the Bankruptcy Code.

Headquartered in Sunrise, Florida, Vision Development Group of
Broward County L.L.C. is a real estate developer.  The company
filed for Chapter 11 on Sept. 20, 2007 (Bankr. S.D. Fla. Case No.
07-17778).  Peter D. Russin, Esq., Meland, Russin & Budwick P.A.,
represents the Debtor in its restructuring efforts.  When the
Debtor filed for protection against its creditors, it listed
assets and debts of $1 million and $100 million.  The Debtor's
exclusive period to file a chapter 11 plan expires on Jan. 18,
2008.

The Debtor's managing member, Isadore M. Cohen, also filed a
voluntary chapter 11 petition on Sept. 20, 2007 (Bankr. S.D. Fla.
Case No. 07-17779).


WATERFORD WEDGWOOD: Cost-Cutting Measures to Affect 1,400 Jobs
--------------------------------------------------------------
Waterford Wedgwood Plc confirmed on Nov. 21, 2007, that it is
cutting 490 jobs at its crystal plant in Waterford, Ireland, in an
attempt to cut costs as expenses rise and the U.S. dollar drops,
published reports say.

According to Reuters, the move is part of a wider cost-cutting
program across the company's operations worldwide that will lead
to 1,400 jobs being cut.

In an e-mailed statement to Bloomberg News, Jim Foley, head of the
Waterford Crystal unit, said that manufacturing at the company's
crystal plant became "untenable" due to high costs and unfavorable
currency movements.  

"While I regret the loss of 490 jobs, it is imperative that we
continue to focus on our remaining cost-competitive capabilities
to secure the future of manufacturing in Ireland," Mr. Foley told
Bloomberg.  "I am confident it can be re-energized to achieve
sustained profitability."

Waterford Wedgwood spokesman Michael Dennehy did not disclose
specific details on the job cuts, although he noted that the
company was still working on raising cash to fund the job-cutting
program.  Chairman Tony O'Reilly said last month that Waterford
would sell EUR100 million of preference shares, Bloomberg relates.

Waterford Wedgwood, which owns china brands such as Wedgwood,
Rosenthal and Royal Doulton as well as Waterford crystal, relies
on the U.S. for about 40% of group sales, Reuters relates.

Headquartered in Waterford, Ireland, Waterford Wedgwood plc
-- http://www.waterfordwedgwood.com/-- manufactures premium-
priced goods including crystal, ceramics and cookware.  The
company has leading positions in its key markets in the US,
Europe and Japan.

At Sept. 30, 2007, the Group's consolidated balance sheet showed
EUR683.2 million in total assets, EUR767.7 million in total
liabilities, and EUR84.5 million in stockholders' deficit.

                          *    *    *

Fitch Ratings has affirmed Waterford Wedgwood plc's Long-term
Issuer Default Rating at 'CCC' and Short-term IDR at 'C'.  The
Outlook for the Long-term IDR is Negative.  At the same time, the
agency affirmed the senior secured debt rating at 'B-'/'RR2'.  The
mezzanine notes are affirmed at 'CC'/'RR6'.

Waterford Wedgwood's 9-7/8% notes due 2010 carry junk ratings
from Moody's Investors' Service's (Caa2), Standard & Poor's
(CCC-), and Fitch Ratings (CC).  These ratings apply to date.


WESTBANK CHRISTIAN: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Westbank Christian Center, Inc.
        16 Westbank Expressway
        Gretna, LA 70053
        Tel: (985) 652-5087

Bankruptcy Case No.: 07-12297

Type of Business: The Debtor owns and operates a preschool.

Chapter 11 Petition Date: November 21, 2007

Court: Eastern District of Louisiana (New Orleans)

Judge: Jerry A. Brown

Debtor's Counsel: Kerry D. Brown, Esq.
                  578 Belle Terre Boulevard
                  LaPlace, LA 70068
                  Tel: (985) 652-5087
                  Fax: (985) 651-5087

Estimated Assets: $1 Million to $100 Million

Estimated Debts:      $100,000 to $1 Million

The Debtor did not file a list of its 20 largest unsecured
creditors.


WILLIAM STREET: Case Summary & 18 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: William Chris Street
        aka WM Chris Street
        aka William C. Street
        fdba Camelot Cleaners
        dba Mt Juliet Cleaners
        dba Kustom Cleaners
        12184 Old Hickory Boulevard
        Hermitage, TN 37076

Bankruptcy Case No.: November 21, 2007

Type of Business: The Debtor filed for Chapter 11 protection on
                  March 18, 2005 (Bankr. M.D. Tenn. Case No.
                  05-03329).

Chapter 11 Petition Date: November 21, 2007

Court: Middle District of Tennessee (Nashville)

Judge: Marian F. Harrison

Debtor's Counsel: Steven L. Lefkovitz, Esq.
                  Law Offices Lefkovitz & Lefkovitz
                  618 Church Street, Suite 410
                  Nashville, TN 37219
                  Tel: (615) 256-8300
                  Fax: (605) 250-4926

Estimated Assets: $10,000 to $100,000

Estimated Debts:  $1 Million to $100 Million

Debtor's list of its 18 Largest Unsecured Creditors:

   Entity                        Nature of Claim     Claim Amount
   ------                        ---------------     ------------
Capital Bank & Trust                                     $470,579
1820 West End Avenue
Nashville, TN 37203

Countrywide Home Loans                                   $236,721
SVB-314, P.O. Box 5170
Simi Valley, CA 93062

Internal Revenue Service                                 $140,000
801 Broadway MDP146
Nashville, TN 37203

William Street                                            $80,000

Tennessee Dept. Economic                                  $60,234
Com. Dev.

Colonial Pacific Leasing          Equipment               $56,000

William S. Easley, Trustee                                $40,640

Bank One Visa                                             $33,222

Financial Pacific Leasing LLC                             $29,148

Cooke Properties/C Cooke                                  $22,900

Metro Trustee                     Personality Trustee      $9,118

Wilson Bank and Trust                                      $8,000

AmSouth Bank                                               $6,600

Coupon Mint                                                $2,097

State Auto Insurance                                         $250

Wilson Co. Chancery Court         Court Costs Owed            $95

Bank of America                                           Unknown

Clark Shaw, Esq.                                          Unknown


* BOND PRICING: For the Week of November 19 - November 23, 2007
---------------------------------------------------------------

Issuer                              Coupon   Maturity  Price
------                              ------   --------  -----
ABC Rail Product                     10.500%  01/15/04      0
ABC Rail Product                     10.500%  12/31/04      0
Acme Metals Inc                      12.500%  08/01/02      0
Alesco Financial                      7.625%  05/15/27     67
Allegiance Tel                       11.750%  02/15/08     52
Alltel Corp                           6.800%  05/01/29     71
Ambac Inc                             6.150%  02/15/37     71
Amer & Forgn Pwr                      5.000%  03/01/30     63
Amer Color Graph                     10.000%  06/15/10     66
Amer Pad & Paper                     13.000%  11/15/05      0
Americredit Corp                      0.750%  09/15/11     69
Americredit Corp                      2.125%  09/15/13     67
Americredit Corp                      2.125%  09/15/13     67
Ames True Temper                     10.000%  07/15/12     72
Antigenics                            5.250%  02/01/25     62
Archibald Candy                      10.000%  11/01/07      0
Ashton Woods USA                      9.500%  10/01/15     75
At Home Corp                          4.750%  12/15/06      0
Ata Holdings                         12.125%  06/15/10      0
Atherogenics Inc                      1.500%  02/01/12     17
Atherogenics Inc                      4.500%  03/01/11     36
Bank New England                      8.750%  04/01/99      9
Bank New England                      9.500%  02/15/96     14
Bank New England                      9.875%  09/15/99      9
BankUnited Cap                        3.125%  03/01/34     67
BBN Corp                              6.000%  04/01/12      0
Bearingpoint Inc                      2.500%  12/15/24     74
Bearingpoint Inc                      2.750%  12/15/24     71
Beazer Homes USA                      4.625%  06/15/24     74
Beazer Homes USA                      6.500%  11/15/13     75
Beazer Homes USA                      6.875%  07/15/15     75
Beyond.com                            7.250%  12/01/03      0
Big City Radio                       11.250%  03/15/05      0
Borden Inc                            7.875%  02/15/23     73
Bowater Inc                           6.500%  06/15/13     75
Buffets Inc                          12.500%  11/01/14     52
Burlington North                      3.200%  01/01/45     54
Calpine Gener Co                     11.500%  04/01/11     38
Charter Comm Inc                      6.500%  10/01/27     66
CIH                                   9.920%  04/01/14     68
CIH                                  10.000%  05/15/14     68
CIH                                  11.125   01/15/14     73
CIT Group Inc                         6.100%  03/15/67     74
Clark Material                       10.750%  11/15/06      0
Claire's Stores                      10.500%  06/01/17     71
Clear Channel                         5.500% 12/15/16      75
Collins & Aikman                     10.750%  12/31/11      1
Complete Mgmt                         8.000%  08/15/03      0
Complete Mgmt                         8.000%  12/15/03      0
Compucredit                           3.625%  05/30/25     57
CompuCredit                           5.875%  11/30/35     51
Constar Intl                         11.000%  12/01/12     70
Countrywide Finl                      6.000%  03/16/26     73
Countrywide Finl                      6.000%  02/08/36     68
Countrywide Finl                      6.200%  07/16/29     69
Countrywide Finl                      6.250%  05/15/16     72
Curagen Corp                          4.000%  02/15/11     69
Dana Corp                             9.000%  08/15/11     70
Decode Genetics                       3.500%  04/15/11     67
Decode Genetics                       3.500%  04/15/11     68
Delta Air Lines                       8.000%  12/01/15     70
Delta Mills Inc                       9.625%  09/01/07     15
Delphi Corp                           6.197%  11/15/33     57
Delphi Corp                           6.500%  08/15/13     73
Delphi Corp                           8.250%  10/15/33     44
Duquesne Light                        6.250%  08/15/35     74
Dura Operating                        8.625%  04/15/12     30
Dura Operating                        9.000%  05/01/09      1
Eagle Food Centr                     11.000%  04/15/05      0
Empire Gas Corp                       9.000%  12/31/07      0
Encysive Pharma                       2.500%  03/15/12     62
Epix Medical Inc                      3.000%  06/15/24     72
Exodus Comm Inc                      11.625%  07/15/10      0
Fedders North Am                      9.875%  03/01/14     16
Finova Group                          7.500%  11/15/09     17
Ford Motor Co                         6.375%  02/01/29     70
Ford Motor Co                         6.625%  02/15/28     69
Ford Motor Co                         6.625%  10/01/28     69
Ford Motor Co                         7.125%  11/15/25     70
Ford Motor Co                         7.400%  11/01/46     70
Ford Motor Co                         7.500%  08/01/26     73
Ford Motor Co                         7.700%  05/15/97     73
Ford Motor Co                         7.750%  06/15/43     71
Ford Motor Cred                       6.150%  01/20/15     74
Ford Motor Cred                       6.250%  03/20/15     74
General Motors                        6.750%  05/01/28     71
General Motors                        7.375%  05/23/48     72
GMAC                                  5.250%  01/15/14     74
GMAC                                  5.900%  01/15/19     73
GMAC                                  5.900%  02/15/19     70
GMAC                                  5.900%  10/15/19     66
GMAC                                  6.000%  02/15/19     69
GMAC                                  6.000%  02/15/19     68
GMAC                                  6.000%  02/15/19     67
GMAC                                  6.000%  03/15/19     70
GMAC                                  6.000%  03/15/19     69
GMAC                                  6.000%  03/15/19     70
GMAC                                  6.000%  03/15/19     74
GMAC                                  6.000%  03/15/19     69
GMAC                                  6.000%  04/15/19     67
GMAC                                  6.000%  09/15/19     72
GMAC                                  6.000%  09/15/19     71
GMAC                                  6.050%  08/15/19     70
GMAC                                  6.050%  08/15/19     72
GMAC                                  6.050%  10/15/19     67
GMAC                                  6.100%  09/15/19     66
GMAC                                  6.125%  10/15/19     75
GMAC                                  6.150%  08/15/19     66
GMAC                                  6.150%  09/15/19     73
GMAC                                  6.150%  10/15/19     67
GMAC                                  6.200%  04/15/19     68
GMAC                                  6.250%  12/15/18     70
GMAC                                  6.250%  01/15/19     72
GMAC                                  6.250%  04/15/19     72
GMAC                                  6.250%  05/15/19     70
GMAC                                  6.300%  08/15/19     71
GMAC                                  6.300%  08/15/19     70
GMAC                                  6.350%  04/15/19     68
GMAC                                  6.400%  12/15/18     71
GMAC                                  6.400%  11/15/19     71
GMAC                                  6.400%  11/15/19     70
GMAC                                  6.500%  06/15/18     74
GMAC                                  6.500%  11/15/18     73
GMAC                                  6.500%  02/15/20     75
GMAC                                  6.600%  08/15/16     72
GMAC                                  6.600%  05/15/18     75
GMAC                                  6.600%  06/15/19     72
GMAC                                  6.600%  06/15/19     70
GMAC                                  6.650%  06/15/18     71
GMAC                                  6.650%  10/15/18     70
GMAC                                  6.700%  06/15/18     72
GMAC                                  6.700%  06/15/18     75
GMAC                                  6.700%  11/15/18     73
GMAC                                  6.700%  06/15/19     71
GMAC                                  6.750%  05/15/17     73
GMAC                                  6.750%  03/15/18     70
GMAC                                  6.750%  07/15/18     74
GMAC                                  6.750%  09/15/18     75
GMAC                                  6.750%  10/15/18     75
GMAC                                  6.750%  05/15/19     74
GMAC                                  6.750%  05/15/19     71
GMAC                                  6.750%  06/15/19     71
GMAC                                  6.750%  06/15/19     73
GMAC                                  6.750%  03/15/20     74
GMAC                                  6.800%  09/15/18     74
GMAC                                  6.800%  10/15/18     74
GMAC                                  6.900%  07/15/18     74
GMAC                                  7.000%  02/15/18     74
GMAC                                  7.000%  06/15/22     74
GMAC                                  7.000%  11/15/23     71
GMAC                                  7.000%  11/15/24     69
GMAC                                  7.000%  11/15/24     70
GMAC                                  7.000%  11/15/24     69
GMAC                                  7.050%  03/15/18     75
GMAC                                  7.150%  03/15/25     69
GMAC                                  7.250%  01/15/25     71
GMAC                                  7.250%  02/15/25     74
GMAC                                  7.250%  03/15/25     71
GMAC                                  7.300%  01/15/18     75
GMAC                                  7.375%  04/15/18     75
Gulf States STL                      13.500%  04/15/03      0
Harrahs Oper Co                       5.625%  06/01/15     75
Harrahs Oper Co                       5.750%  10/01/17     72
Herbst Gaming                         8.125%  06/01/12     75
Hines Nurseries                      10.250%  10/01/11     75
HNG Internorth                        9.625%  03/15/06     19
Ion Media                            11.000%  07/31/13     69
Iridium LLC/CAP                      10.875%  07/15/05      3
Iridium LLC/CAP                      11.250%  07/15/05      3
Iridium LLC/CAP                      13.000%  07/15/05      1
Iridium LLC/CAP                      14.000%  07/15/05      3
K Hovnanian Entr                      6.000%  01/15/10     74
K Hovnanian Entr                      6.250%  01/15/16     73
K Hovnanian Entr                      6.250%  01/15/16     73
K Hovnanian Entr                      6.375%  12/15/14     74
K Hovnanian Entr                      6.500%  01/15/14     74
K Hovnanian Entr                      7.500%  05/15/16     75
K Hovnanian Entr                      7.750%  05/15/13     68
K Hovnanian Entr                      8.875%  04/01/12     68
Kaiser Aluminum                       9.875%  02/15/02      5
Kaiser Aluminum                      12.750%  02/01/03      6
Kimball Hill Inc                     10.500%  12/15/12     51
Kmart Corp                            9.350%  01/02/20      5
Kmart Corp                            9.780%  01/05/20      0
KMart Funding                         8.800%  07/01/10     10
KMart Funding                         9.440%  07/01/18     60
Knight Ridder                         6.875%  03/15/29     75
Lehman Bros Holding                  11.000%  10/25/17     75
Liberty Media                         3.750%  02/15/30     58
Liberty Media                         4.000%  11/15/29     64
Lifecare Holding                      9.250%  08/15/13     64
LTV Corp                              8.200%  09/15/07      0
McSaver Financl                       7.400%  02/15/02      5
McSaver Financl                       7.600%  08/01/07      5
McSaver Financl                       7.875%  08/01/03      5
MediaNews Group                       6.375%  04/01/14     73
MHS Holdings Co                      16.875%  09/22/04      0
Morris Publish                        7.000%  08/01/13     74
Mosler Inc                           11.000%  04/15/03      0
Movie Gallery                        11.000%  05/01/12     27
Muzak LLC                             9.875%  03/15/09     53
National Steel Corp                   8.375%  08/01/06      0
Neff Corp                            10.000%  06/01/15     67
New Orl Grt N RR                      5.000%  07/01/32     62
Northern Pacific RY                   3.000%  01/01/47     52
Northern Pacific RY                   3.000%  01/01/47     52
Northpoint Comm                      12.875%  02/15/10      0
Northwest Steel & Wire                9.500%  06/15/01      0
NTK Holdings Inc                     10.750%  03/01/14     61
Nutritional Src                      10.125%  08/01/09      5
Oakwood Homes                         7.875%  03/01/04     13
Oakwood Homes                         8.125%  03/01/09      3
Oscient Pharma                        3.500%  04/15/11     58
Oscient Pharma                        3.500%  04/15/11     55
Outboard Marine                       9.125%  04/15/17      5
Pac-West Telecom                     13.500%  02/01/09      4
Pac-West Telecom                     13.500%  02/01/09      2
Pegasus Satellite                    13.500%  03/01/07      0
Piedmont Aviat                       10.250%  01/15/49      0
Pixelworks Inc                        1.750%  05/15/24     74
Polaroid Corp                        11.500%  02/15/06      0
Pope & Talbot                         8.375%  06/01/13     36
Pope & Talbot                         8.375%  06/01/13     33
Primus Telecom                        3.750%  09/15/10     65
Primus Telecom                        8.000%  01/15/14     56
Propex Fabrics                       10.000%  12/01/12     49
PSInet Inc                           10.000%  02/15/05      0
Radian Group                          5.375%  06/15/15     75
Radnor Holdings                      11.000%  03/15/10      0
Rait Financial                        6.875%  04/15/27     70
Rayovac Corp                          8.500%  10/01/13     67
Read-Rite Corp                        6.500%  09/01/04      0
Residential Cap                       6.000%  02/22/11     64
Residential Cap                       6.375%  06/30/10     65
Residential Cap                       6.500%  06/01/12     64
Residential Cap                       6.500%  04/17/13     63
Residential Cap                       6.875%  06/30/15     64
Rite Aid Corp                         6.875%  12/15/28     68
Rite Aid Corp                         7.700%  02/15/27     73
RJ Tower Corp.                       12.000%  06/01/13      2
Saint Acquisition                    12.500%  05/15/17     62
ServiceMaster Co                      7.100%  03/01/18     73
ServiceMaster Co                      7.250%  03/01/38     70
ServiceMaster Co                      7.450%  08/15/27     69
Six Flags Inc                         4.500%  05/15/15     67
Six Flags Inc                         9.625%  06/01/14     72
Six Flags Inc                         9.750%  04/15/13     74
SLM Corp                              5.000%  06/15/28     74
SLM Corp                              5.050%  03/15/23     73
SLM Corp                              5.250%  03/15/28     73
SLM Corp                              5.250%  12/15/28     71
SLM Corp                              5.350%  06/15/28     73
SLM Corp                              5.400%  06/15/30     71
SLM Corp                              5.500%  06/15/29     72
SLM Corp                              5.500%  06/15/29     71
SLM Corp                              5.500%  06/15/29     68
SLM Corp                              5.500%  03/15/30     71
SLM Corp                              5.500%  06/15/30     71
SLM Corp                              5.500%  12/15/30     71
SLM Corp                              5.500%  12/15/30     70
SLM Corp                              5.550%  03/15/29     72
SLM Corp                              5.600%  03/15/29     73
SLM Corp                              5.600%  06/15/29     75
SLM Corp                              5.600%  12/15/29     71
SLM Corp                              5.600%  12/15/29     72
SLM Corp                              5.650%  03/15/29     73
SLM Corp                              5.650%  12/15/29     72
SLM Corp                              5.650%  12/15/29     72
SLM Corp                              5.650%  09/15/30     74
SLM Corp                              5.700%  03/15/29     74
SLM Corp                              5.700%  03/15/29     70
SLM Corp                              5.700%  12/15/29     75
SLM Corp                              5.700%  03/15/30     70
SLM Corp                              5.750%  03/15/29     73
SLM Corp                              5.750%  03/15/29     72
SLM Corp                              5.750%  09/15/29     74
SLM Corp                              5.750%  09/15/29     75
SLM Corp                              5.750%  12/15/29     73
SLM Corp                              5.750%  12/15/29     72
SLM Corp                              5.750%  12/15/29     72
SLM Corp                              5.750%  12/15/29     72
SLM Corp                              5.750%  03/15/30     73
SLM Corp                              5.800%  12/15/29     71
SLM Corp                              5.850%  09/15/29     75
SLM Corp                              5.850%  12/15/31     73
SLM Corp                              5.900%  09/15/29     74
SLM Corp                              6.000%  12/15/26     75
SLM Corp                              6.000%  09/15/29     73
SLM Corp                              6.000%  12/15/31     72
SLM Corp                              6.050%  12/15/31     74
Spacehab Inc                          5.500%  10/15/10     54
Spansion LLC                          2.250%  06/15/16     66
Special Devices                      11.375%  12/15/08     66
Spectrum Brands                       7.375%  02/01/15     73
Standard Pac corp                     6.000%  10/01/12     61
Standard Pac Corp                     6.250%  04/01/14     67
Standard Pacific                      6.500%  08/15/10     73
Standard Pac Corp                     6.875%  05/15/11     73
Standard Pac corp                     7.000%  08/15/15     66
Standard Pacific                      7.750%  03/15/13     73
Standard Pacific                      9.250%  04/15/12     51
Stanley-Martin                        9.750%  08/15/15     69
Tekni-Plex Inc                       12.750%  06/15/10     52
Teligent Inc                         11.500%  12/01/07      0
Tenet Healthcare                      6.875%  11/15/31     72
Times Mirror Co                       6.610%  09/15/27     59
Times Mirror Co                       7.250%  11/15/96     58
Times Mirror-New                      7.500%  07/01/23     65
Tom's Foods Inc                      10.500%  11/01/04      1
Tousa Inc                             7.500%  03/15/11      9
Tousa Inc                             7.500%  01/15/15     35
Tousa Inc                             9.000%  07/01/10     43
Tousa Inc                            10.375%  07/01/12      7
Toys R Us                             7.375%  10/15/18     75
Trans Mfg Oper                       11.250%  05/01/09     60
TransTexas Gas                       15.000%  03/15/05      0
Tribune Co                            5.250%  08/15/15     66
True Temper                           8.375%  09/15/11     58
TXU Corp                              6.500%  11/15/24     72
TXU Corp                              6.550%  11/15/34     71
United Air Lines                      9.200%  03/22/08     49
United Air Lines                      9.350%  04/07/16     30
United Air Lines                      9.560%  10/19/18     54
United Air Lines                     10.020%  03/22/14     49
United Air Lines                     10.850%  02/19/15     30
Universal Stand                       8.250%  02/01/06      0
US Air Inc.                          10.700%  01/01/49      0
Venture Holdings                     12.000%  06/01/09      0
Vesta Insur Grp                       8.750%  07/15/25      2
Vicorp Restaurant                    10.500%  04/15/11     60
Wachovia Corp                         9.250%  04/10/08     59
Wachovia Corp                        15.500%  12/05/07     63
WCI Communities                       6.625%  03/15/15     61
WCI Communities                       7.875%  10/01/13     63
WCI Communities                       9.125%  05/01/12     69
William Lyon                          7.500%  02/15/14     61
William Lyon                          7.625%  12/15/12     60
William Lyon                         10.750%  04/01/13     65
Wimar Opco/Fin                        9.625%  12/15/14     71
Winstar Comm Inc                     10.000%  03/15/08      0
Winstar Comm Inc                     12.750%  04/15/10      0
Wornick Co                           10.875%  07/15/11     69
Ziff Davis Media                     12.000%  08/12/09     56

                             *********

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

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

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

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

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

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

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

                             *********

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

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

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

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

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

                    *** End of Transmission ***