TCR_Public/071208.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

           Saturday, December 8, 2007, Vol. 11, No. 291

                             Headlines


A.N. CONSTRUCTION: Files October 2007 Monthly Operating Report
AEGIS MORTGAGE: Files Amended Schedules of Assets and Liabilities
AEGIS MORTGAGE: Posts $31.9MM Net Loss in Amended Aug. 2007 Report
AEGIS MORTGAGE: Posts $7.6MM Net Loss in Amended Sept. 2007 Report
AEGIS MORTGAGE: Aegis Fund Amends Schedules of Assets and Debts

AEGIS MORTGAGE: Aegis Wholesale Amends Schedules of Assets & Debts
AEGIS MORTGAGE: Aegis Lending Amends Schedules of Assets and Debts
AEGIS MORTGAGE: Four Affiliates Amend Schedules of Assets & Debts
FEDDERS CORPORATION: Incurs $686,000 Net Loss in Aug. 22-31, 2007
FEDDERS CORPORATION: Incurs $4,321,000 Net Loss in September 2007

JAYS FOODS: Files Operating Report for Month Ended October 28
JAYS FOODS: Select Snacks Files Operating Report for October 2007
LEVITT AND SONS: LAS Hernando Files Schedules of Assets and Debts
LEVITT AND SONS: LAS Manatee Files Schedules of Assets and Debts
LEVITT AND SONS: LAS Tradition Files Schedules of Assets and Debts

MOVIE GALLERY: Submits Schedules of Assets and Liabilities
NETBANK INC: Files Monthly Operating Report for Sept. 29-30, 2007
NETBANK INC: Files Monthly Operating Report for October 2007
PACIFIC LUMBER: Scotia Dev't Files October 2007 Operating Report
PACIFIC LUMBER: ScoPac Files October 2007 Operating Report

PUBLICARD INC: Posts $46,288 Net Loss in October 31, 2007
SOLUTIA INC: Incurs $3,000,000 Net Loss in Month Ended October 31
SONICBLUE INC: Incurs $42,377 Net Loss in Month Ended August 3


                             *********

A.N. CONSTRUCTION: Files October 2007 Monthly Operating Report
--------------------------------------------------------------
A.N. Construction LLC submitted to the U.S. Bankruptcy Court for
the District of New Jersey its monthly operating report for
October 2007, disclosing:

     Cash Balance, Beginning             $6,072
     Total Receipts                       2,756
       Less: Total Disbursements          3,080
     Net Cash Flow                         (332)
     Cash Balance, End                   $5,740

(The amounts listed above are the actual amounts on the MOR filed
by the Debtor.)

                        About A.N. Construction

Hammonton, New Jersey-based A.N. Construction LLC provides non-
residential construction.  It filed for chapter 11 protection on
Aug. 17, 2007 (Bankr. D. NJ Case No.: 07-21734).  Albert A.
Ciardi, III, Esq., at Ciardi & Ciardi PC represents the Debtor in
its restructuring efforts.  When the Debtor filed for bankruptcy,
it listed assets and debts between $1 million and $100 million.


AEGIS MORTGAGE: Files Amended Schedules of Assets and Liabilities
-----------------------------------------------------------------
Aegis Mortgage Corporation filed an amended Schedules of Assets
and Liabilities to change the current value of its interest in
office equipment, furnishings and supplies, from $10,715,920 to
$11,231,601.  This brings the Debtor's total assets from
$138,265,342 to $149,496,943.

The Debtor also changed the amount of Unsecured Priority Claims
asserted by creditors, from $743,334 to $1,579,720.  This brings
the Debtor's total liabilities from $4,125,470 to $4,961,854.

Headquartered in Houston, Texas, Aegis Mortgage Corporation --
http://www.aegismtg.com/-- offers a variety of mortgage loan
products to brokers through its subsidiaries.

The company together with 10 affiliates filed for chapter 11
protection on Aug. 13, 2007 (Bankr. D. Del. Case No. 07-11119)
Curtis A. Hehn, Esq., James E. O'Neill, Esq., Laura Davis Jones,
Esq., and Timothy P. Cairns, Esq., at Pachulski, Stang, Ziehl, &
Jones, L.L.P., serve as counsel to the Debtors.  The Official
Committee of Unsecured Creditors is represented by Landis Rath &
Cobb LLP.  In schedules filed with the Court, Aegis disclosed
total assets of $138,265,342 and total debts of $4,125,470.  The
Debtors' exclusive period to file a plan expires on Dec. 11, 2007.

(Aegis Bankruptcy News, Issue No. 12, Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


AEGIS MORTGAGE: Posts $31.9MM Net Loss in Amended Aug. 2007 Report
------------------------------------------------------------------
Aegis Mortgage Corporation and its debtor-affiliates filed with
the Court an amended monthly operating report for August 2007 on
Nov. 27, 2007.

                Aegis Mortgage Corporation, et al.
                    Consolidated Balance Sheet
                       As of August 31, 2007

                             Assets

Unrestricted Cash & Equivalents                     $10,720,773
Restricted Cash and Equivalents                      19,232,061
                                                 --------------
  Total Cash and Cash Equivalents                    29,952,834


Prime loans                                          13,808,237
Nonconforming Loans                                  14,630,259
Loan Premium, net                                     2,219,404
Repurchased Loans                                    28,760,838
Loan Loss Reserve                                             -
                                                 --------------
  Mortgage Loans Held for Sale                       59,418,738


ABS Nonconforming                                 3,885,471,929
ABS Loan Premium, net                               (19,273,212)
ABS Loan Loss Reserve                              (181,454,514)
                                                 --------------
  Mortgage Loans Held for Investment              3,684,744,203

Accrued Interest - Loans Held for Sale                        -
Accrued Int. - Loans Held for Investment             26,252,626
                                                 --------------
Accrued Interest Receivable                          26,252,626

Mortgage Servicing Rights                                     -
Property and Equipment, net                          10,969,126
Deferred Income Taxes                               128,495,450
Goodwill                                                      -
Prepaid Rent and Deposits                             1,877,413
Derivative Assets                                    13,529,767
Receivable for Advances                              43,166,604
Servicer Related                                        883,888
Other Assets                                        641,891,872
Intercompany Receivable                                       -
                                                 --------------
TOTAL ASSETS                                     $4,641,182,522
                                                 ==============

                Liabilities & Shareholder's Equity

N/P Warehouse - Prime                               540,186,233
N/p Warehouse - Nonconforming                        25,222,476
N/P Warehouse - Other                                20,537,507
N/P Warehouse - Repurchased                          11,933,754
                                                 --------------
Revolving Warehouse and
  Repurchase Facilities                             597,879,969

Bonds Payable                                     3,705,880,154
NAS IO Bonds Payable                                 20,700,000
NIM Bonds Payable                                    58,777,826
Bond Premium, net                                   (12,836,147)
                                                 --------------
  Bond Financing on Mortgage
  Loans Held for Investment                       3,772,521,833

  Subordinated Debt                                 177,156,872
  Accrued Interest Payable                            6,137,557
  Accounts Payable and
   Accrued Expenses                                  95,349,315
  Notes Payable-Other                                         -
                                                 --------------
Total Liabilities                                 4,649,045,546

Common Stock                                             97,386
Preferred Stock                                         104,000
Other Comprehensive Income                           (3,297,655)
Paid in Capital                                      50,959,490
Distributions                                                 -
Treasury Stock                                                -
Dividends                                               (32,500)
Retained Earnings                                     91,041,942
Current Net Income Prepetition                     (102,112,983)
Current Net Income                                  (44,622,704)
                                                 --------------
Total Equity                                         (7,863,024)
                                                 --------------
TOTAL LIABILITIES & EQUITY                       $4,641,182,522
                                                 ==============

                Aegis Mortgage Corporation, et al.
                 Consolidated Income Statement
                      August 13 to 31, 2007

Loans Held for Sale
  Interest Income                                      $670,331
  Interest Expense                                         (498)
  Servicing Expense                                      (1,654)
                                                 --------------
  Net Interest Income                                   668,179

Loans Held for Investment
  Interest Income                                    30,603,350
  Interest Expense                                  (18,226,090)
  Servicing Expense                                  (1,716,566)
                                                 --------------
  Net Interest Income                                10,660,694

Gains on Sale                                                 -
Premiums Paid                                                 -
Loan Points                                                   -
Loan Origination Fees                                     1,050
Broker Fees Received                                          -
                                                 --------------
  Production Income                                       1,050

Servicing and Prepayment Income                         789,470
Late Charges                                             52,194
                                                 --------------
  Total Servicing Fees                                  841,664

Other income                                           (626,894)
                                                 --------------
Total Revenue                                        11,544,693

Salaries                                              2,320,898
Bonuses                                                  86,191
Commissions                                                   -
Employee Benefits                                         8,945
Payroll Taxes                                           145,343
Meetings & Travel                                         9,730
Meals & Entertainment                                     1,120
                                                 --------------
  Total Personnel Expenses                            2,572,226

Rent                                                    361,496
Telephone                                                43,044
Office Supplies                                           4,023
Shipping & Postage                                       18,378
Equipment                                               153,419
                                                 --------------
  Total Office Expenses                                 580,360

Professional expense                                         11
Marketing                                                  (912)
Loan Related Expenses                                    73,182
Banking                                                      45
Other Taxes/Licenses/Fees                                  (250)
Other Expenses                                           27,430
                                                 --------------
  Total Other Expenses                                   99,506

  Direct Operating Expense                            3,252,092
  Direct Operating Income                             8,292,601

Loan Loss Provision                                  59,749,285
Deferred SFAS 91 Expenses                                     -
Sub Debt Expense                                              -
Depreciation Expense                                    564,978
Amortization                                                  -
Direct Allocation to Subs                                     -
Allocation Between Subs                                       -
                                                 --------------
  Indirect Operating Expense                         60,314,263
                                                 --------------
Total Expenses                                       63,566,354

Income (Loss) Before Taxes                          (52,021,662)

Federal and State Income Taxes                      (20,028,340)
                                                 --------------
Net Income (Loss)                                  ($31,993,322)
                                                 ==============

A full-text copy of the Debtors' Amended MOR is available at no
charge at http://ResearchArchives.com/t/s?262c

Headquartered in Houston, Texas, Aegis Mortgage Corporation --
http://www.aegismtg.com/-- offers a variety of mortgage loan
products to brokers through its subsidiaries.

The company together with 10 affiliates filed for chapter 11
protection on Aug. 13, 2007 (Bankr. D. Del. Case No. 07-11119)
Curtis A. Hehn, Esq., James E. O'Neill, Esq., Laura Davis Jones,
Esq., and Timothy P. Cairns, Esq., at Pachulski, Stang, Ziehl, &
Jones, L.L.P., serve as counsel to the Debtors.  The Official
Committee of Unsecured Creditors is represented by Landis Rath &
Cobb LLP.  In schedules filed with the Court, Aegis disclosed
total assets of $138,265,342 and total debts of $4,125,470.  The
Debtors' exclusive period to file a plan expires on Dec. 11, 2007.

(Aegis Bankruptcy News, Issue No. 12, Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


AEGIS MORTGAGE: Posts $7.6MM Net Loss in Amended Sept. 2007 Report
------------------------------------------------------------------

                Aegis Mortgage Corporation, et al.
                    Consolidated Balance Sheet
                      As of September 30, 2007

                              Assets

Unrestricted Cash & Equivalents                     $12,984,671
Restricted Cash and Equivalents                      19,232,061
                                                 --------------
  Total Cash and Cash Equivalents                    32,216,933


Prime loans                                          13,808,237
Nonconforming Loans                                  14,278,659
Loan Premium, net                                     2,160,258
Repurchased Loans                                    26,798,816
Loan Loss Reserve                                             -
                                                 --------------
  Mortgage Loans Held for Sale                       57,045,969


ABS Nonconforming                                 3,785,605,130
ABS Loan Premium, net                               (18,602,212)
ABS Loan Loss Reserve                              (182,027,606)
                                                 --------------
  Mortgage Loans Held for Investment              3,584,975,311

Accrued Interest - Loans Held for Sale                        -
Accrued Int. - Loans Held for Investment             26,659,835
                                                 --------------
Accrued Interest Receivable                          25,659,835

Mortgage Servicing Rights                                     -
Property and Equipment, net                           9,749,563
Deferred Income Taxes                               135,105,521
Goodwill                                                      -
Prepaid Rent and Deposits                             1,192,020
Derivative Assets                                     7,891,871
Receivable for Advances                              44,056,198
Servicer Related                                        720,389
Other Assets                                        639,718,844
Intercompany Receivable                                       -
                                                 --------------
TOTAL ASSETS                                     $4,538,332,455
                                                 ==============

                Liabilities & Shareholder's Equity

N/P Warehouse - Prime                               540,186,233
N/p Warehouse - Nonconforming                        25,222,476
N/P Warehouse - Other                                19,550,612
N/P Warehouse - Repurchased                          11,933,754
                                                 --------------
Revolving Warehouse and
  Repurchase Facilities                             596,893,074

Bonds Payable                                     3,627,408,918
NAS IO Bonds Payable                                 20,700,000
NIM Bonds Payable                                    53,392,620
Bond Premium, net                                   (20,953,575)
                                                 --------------
  Bond Financing on Mortgage
  Loans Held for Investment                       3,680,547,962

  Subordinated Debt                                 177,156,872
  Accrued Interest Payable                            7,373,317
  Accounts Payable and
   Accrued Expenses                                  94,244,098
  Notes Payable-Other                                         -
                                                 --------------
Total Liabilities                                 4,556,215,323

Common Stock                                             97,386
Preferred Stock                                         104,000
Other Comprehensive Income                           (6,217,286)
Paid in Capital                                      50,959,490
Distributions                                                 -
Treasury Stock                                                -
Dividends                                               (32,500)
Retained Earnings                                    91,041,942
Current Net Income Prepetition                     (101,573,913)
Current Net Income                                  (52,261,987)
                                                 --------------
Total Equity                                        (17,882,868)
                                                 --------------
TOTAL LIABILITIES & EQUITY                       $4,538,332,455
                                                 ==============


                 Aegis Mortgage Corporation, et al.
                   Consolidated Income Statement
                      September 1 to 30, 2007

Loans Held for Sale
  Interest Income                                      $362,543
  Interest Expense                                     (676,869)
  Servicing Expense                                           -
                                                 --------------
  Net Interest Income                                   314,325

Loans Held for Investment
  Interest Income                                    28,934,269
  Interest Expense                                  (18,735,679)
  Servicing Expense                                  (1,690,455)
                                                 --------------
  Net Interest Income                                 8,508,135

Gains on Sale                                             8,963
Premiums Paid                                                 -
Loan Points                                                   -
Loan Origination Fees                                         -
Broker Fees Received                                          -
                                                 --------------
  Production Income                                       8,963

Servicing and Prepayment Income                         190,252
Late Charges                                                977
                                                 --------------
  Total Servicing Fees                                  191,229

Other income                                           (714,927)
                                                 --------------
Total Revenue                                         7,679,074

Salaries                                              1,448,270
Bonuses                                                  26,107
Commissions                                               9,542
Employee Benefits                                        22,298
Payroll Taxes                                            84,315
Meetings & Travel                                        27,469
Meals & Entertainment                                     7,643
                                                 --------------
  Total Personnel Expenses                            1,625,645

Rent                                                    319,632
Telephone                                                83,075
Office Supplies                                             492
Shipping & Postage                                        4,569
Equipment                                             2,205,873
                                                 --------------
  Total Office Expenses                               2,613,641

Professional expense                                     21,145
Marketing                                                     -
Loan Related Expenses                                   232,323
Banking                                                       -
Other Taxes/Licenses/Fees                                  (807)
Other Expenses                                           76,377
                                                 --------------
  Total Other Expenses                                  329,038

  Direct Operating Expense                            4,568,323
  Direct Operating Income                             3,110,751

Loan Loss Provision                                  14,971,531
Deferred SFAS 91 Expenses                                59,400
Sub Debt Expense                                              -
Depreciation Expense                                    501,412
Amortization                                                  -
Direct Allocation to Subs                                     -
Allocation Between Subs                                       -
                                                 --------------
  Indirect Operating Expense                         15,532,343
                                                 --------------
Total Expenses                                       20,100,666

Income (Loss) Before Taxes                          (12,421,592)

Federal and State Income Taxes                       (4,782,309)
                                                 --------------
Net Income (Loss)                                   ($7,639,283)
                                                 ==============

A full-text copy of the Debtors' MOR is available at no charge at
http://ResearchArchives.com/t/s?262d

Headquartered in Houston, Texas, Aegis Mortgage Corporation --
http://www.aegismtg.com/-- offers a variety of mortgage loan
products to brokers through its subsidiaries.

The company together with 10 affiliates filed for chapter 11
protection on Aug. 13, 2007 (Bankr. D. Del. Case No. 07-11119)
Curtis A. Hehn, Esq., James E. O'Neill, Esq., Laura Davis Jones,
Esq., and Timothy P. Cairns, Esq., at Pachulski, Stang, Ziehl, &
Jones, L.L.P., serve as counsel to the Debtors.  The Official
Committee of Unsecured Creditors is represented by Landis Rath &
Cobb LLP.  In schedules filed with the Court, Aegis disclosed
total assets of $138,265,342 and total debts of $4,125,470.  The
Debtors' exclusive period to file a plan expires on Dec. 11, 2007.

(Aegis Bankruptcy News, Issue No. 12, Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


AEGIS MORTGAGE: Aegis Fund Amends Schedules of Assets and Debts
---------------------------------------------------------------
Aegis Funding Corporation filed an amended Schedules of Assets
and Liabilities to change the amount of Unsecured Priority Claims
asserted by creditors, from $18,265 to $86,513, bringing the
total liabilities from $182,253 to $250,500.

Headquartered in Houston, Texas, Aegis Mortgage Corporation --
http://www.aegismtg.com/-- offers a variety of mortgage loan
products to brokers through its subsidiaries.

The company together with 10 affiliates filed for chapter 11
protection on Aug. 13, 2007 (Bankr. D. Del. Case No. 07-11119)
Curtis A. Hehn, Esq., James E. O'Neill, Esq., Laura Davis Jones,
Esq., and Timothy P. Cairns, Esq., at Pachulski, Stang, Ziehl, &
Jones, L.L.P., serve as counsel to the Debtors.  The Official
Committee of Unsecured Creditors is represented by Landis Rath &
Cobb LLP.  In schedules filed with the Court, Aegis disclosed
total assets of $138,265,342 and total debts of $4,125,470.  The
Debtors' exclusive period to file a plan expires on Dec. 11, 2007.

(Aegis Bankruptcy News, Issue No. 12, Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


AEGIS MORTGAGE: Aegis Wholesale Amends Schedules of Assets & Debts
------------------------------------------------------------------
Aegis Wholesale Corporation filed an amended Schedules of Assets
and Liabilities to change the amount of Unsecured Priority Claims
asserted by creditors, from $492,399 to $1,366,571, bringing the
total liabilities from $3,435,325 to $4,309,497.

Headquartered in Houston, Texas, Aegis Mortgage Corporation --
http://www.aegismtg.com/-- offers a variety of mortgage loan
products to brokers through its subsidiaries.

The company together with 10 affiliates filed for chapter 11
protection on Aug. 13, 2007 (Bankr. D. Del. Case No. 07-11119)
Curtis A. Hehn, Esq., James E. O'Neill, Esq., Laura Davis Jones,
Esq., and Timothy P. Cairns, Esq., at Pachulski, Stang, Ziehl, &
Jones, L.L.P., serve as counsel to the Debtors.  The Official
Committee of Unsecured Creditors is represented by Landis Rath &
Cobb LLP.  In schedules filed with the Court, Aegis disclosed
total assets of $138,265,342 and total debts of $4,125,470.  The
Debtors' exclusive period to file a plan expires on Dec. 11, 2007.

(Aegis Bankruptcy News, Issue No. 12, Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


AEGIS MORTGAGE: Aegis Lending Amends Schedules of Assets and Debts
------------------------------------------------------------------
Aegis Lending Corporation filed an amended Schedules of Assets
and Liabilities to change the amount of Unsecured Priority Claims
asserted by creditors, from $28,202 to $32,922, which brings its
total liabilities from $837,111 to $841,831.

Headquartered in Houston, Texas, Aegis Mortgage Corporation --
http://www.aegismtg.com/-- offers a variety of mortgage loan
products to brokers through its subsidiaries.

The company together with 10 affiliates filed for chapter 11
protection on Aug. 13, 2007 (Bankr. D. Del. Case No. 07-11119)
Curtis A. Hehn, Esq., James E. O'Neill, Esq., Laura Davis Jones,
Esq., and Timothy P. Cairns, Esq., at Pachulski, Stang, Ziehl, &
Jones, L.L.P., serve as counsel to the Debtors.  The Official
Committee of Unsecured Creditors is represented by Landis Rath &
Cobb LLP.  In schedules filed with the Court, Aegis disclosed
total assets of $138,265,342 and total debts of $4,125,470.  The
Debtors' exclusive period to file a plan expires on Dec. 11, 2007.

(Aegis Bankruptcy News, Issue No. 12, Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


AEGIS MORTGAGE: Four Affiliates Amend Schedules of Assets & Debts
-----------------------------------------------------------------
Four other debtor-affiliates of Aegis Mortgage Loan Servicing
Corporation filed with the U.S. Bankruptcy Court for the District
of Delaware amended their schedules of assets and liabilities to
change the amounts of the Unsecured Priority Claims:

                              Assets    Liabilities
                              ------    -----------
  Aegis REIT Corporation       3,427             $0
  Solutions Settlement of
     America Corporation           0            125
  Solutions Title of
     America Corporation     220,840        285,053

Meanwhile, Aegis Mortgage Loan Servicing Corporation also filed
an amended Schedule of Assets and Liabilities to inform the
Court that it no longer have any assets left.

Headquartered in Houston, Texas, Aegis Mortgage Corporation --
http://www.aegismtg.com/-- offers a variety of mortgage loan
products to brokers through its subsidiaries.

The company together with 10 affiliates filed for chapter 11
protection on Aug. 13, 2007 (Bankr. D. Del. Case No. 07-11119)
Curtis A. Hehn, Esq., James E. O'Neill, Esq., Laura Davis Jones,
Esq., and Timothy P. Cairns, Esq., at Pachulski, Stang, Ziehl, &
Jones, L.L.P., serve as counsel to the Debtors.  The Official
Committee of Unsecured Creditors is represented by Landis Rath &
Cobb LLP.  In schedules filed with the Court, Aegis disclosed
total assets of $138,265,342 and total debts of $4,125,470.  The
Debtors' exclusive period to file a plan expires on Dec. 11, 2007.

(Aegis Bankruptcy News, Issue No. 12, Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


FEDDERS CORPORATION: Incurs $686,000 Net Loss in Aug. 22-31, 2007
-----------------------------------------------------------------
Fedders Corporation and its debtor-affiliates generated net sales
for the stub period Aug. 22, 2007, to Aug. 31, 2007, were
$4,480,000 and incurred a net loss of $686,000 for the period.

The Debtors' balance sheet as of Aug. 31, 2007, showed total
assets of $187,960,000, and total liabilities of $345,904,000,
resulting in total stockholders' deficit of $157,944,000.

Net cash used during the period was $2,472,000.

A full-text copy of the Debtors' operating report is available for
free at http://ResearchArchives.com/t/s?2626

Based in Liberty Corner, New Jersey, Fedders Corporation --
http://www.fedders.com/-- manufactures and markets air
treatment products, including air conditioners, air cleaners,
dehumidifiers, and humidifiers.

The company filed for Chapter 11 protection on Aug. 22, 2007,
(Bankr. D. Del. Case No. 07-11182).  Its debtor-affiliates
filed for separate Chapter 11 cases.  Norman L. Pernick, Esq. of
Saul, Ewing, Remick & Saul LLP represents the Debtors in their
restructuring efforts.  The Debtors have selected Logan &
Company Inc. as claims and noticing agent.  The U.S. Trustee for
region 3 has appointed an Official Committee of Unsecured
Creditors on this case.  When the Debtors filed for protection, it
listed total assets of $186,300,000 and total debts of
$322,000,000.

The company has production facilities in the United States in
Illinois, North Carolina, New Mexico, and Texas and
international production facilities in the Philippines, China
and India.


FEDDERS CORPORATION: Incurs $4,321,000 Net Loss in September 2007
-----------------------------------------------------------------
Fedders Corporation and its debtor-affiliates generated net sales
for the month ended Sept. 30, 2007, were $7,160,000 and incurred a
net loss of $4,321,000 for the period.

The Debtors' balance sheet as of Sept. 30, 2007, showed total
assets of $181,361,000, and total liabilities of $343,430,000,
resulting in total stockholders' deficit of $162,069,000.

Net cash used during the period was $1,212,000.

A full-text copy of the Debtors' operating report is available for
free at http://ResearchArchives.com/t/s?2627

Based in Liberty Corner, New Jersey, Fedders Corporation --
http://www.fedders.com/-- manufactures and markets air
treatment products, including air conditioners, air cleaners,
dehumidifiers, and humidifiers.

The company filed for Chapter 11 protection on Aug. 22, 2007,
(Bankr. D. Del. Case No. 07-11182).  Its debtor-affiliates
filed for separate Chapter 11 cases.  Norman L. Pernick, Esq. of
Saul, Ewing, Remick & Saul LLP represents the Debtors in their
restructuring efforts.  The Debtors have selected Logan &
Company Inc. as claims and noticing agent.  The U.S. Trustee for
region 3 has appointed an Official Committee of Unsecured
Creditors on this case.  When the Debtors filed for protection, it
listed total assets of $186,300,000 and total debts of
$322,000,000.

The company has production facilities in the United States in
Illinois, North Carolina, New Mexico, and Texas and
international production facilities in the Philippines, China
and India.


JAYS FOODS: Files Operating Report for Month Ended October 28
-------------------------------------------------------------
Jays Foods Inc. submitted to the the U.S. Bankruptcy Court for
the Northern District of Illinois its monthly operating report for
the period ended Oct. 28, 2007.

     Beginning Balance                    ($83,421)
     Receipts:
       Operations                        4,100,392
       Other Receipts                        8,553
     Less: Total Disbursements           4,437,159
     Net Receipts                        ($336,767)

     Outstanding Checks                    115,769
     Route Deposits in Transit             (22,697)
     DIP Loan Borrowings/(Repayments)      416,321
                                         ----------
     Ending Balance                        $89,204

Chicago-based Jays Foods Inc. -- http://www.jaysfoods.com/--
wholesales confectionery products and manufactures snack chip
products.  Jays Foods leases real property, and owns certain
equipment, in Chicago, Illinois where it operates a manufacturing
facility that makes snacks mostly under the Jays, O-KE-DOKE and
Krunchers brand names.  Jays is 100% owned by Jays Holding
Company, Inc.

The company, then known as Jays Food LLC, first filed for chapter
11 protection on March 5, 2004 (Bankr. N.D. Ill. Case No. 04-
08681).  David Missner, Esq., Marc I. Fenton, Esq. and Thomas
Zwartz, Esq. at Piper Rudnick LLP were counsels to the Debtor.  In
the March 2004 case, a Section 363 sale took place and most of the
assets of former Jays Foods were sold to Jays Foods Acquisition
Inc., predecessor to Jays Foods Inc.  The March 2004 case was
closed on or about March 9, 2007.

Select Snacks Inc., on the other hand, owns real property,
improvements and equipment in Jeffersonville, Indiana where it
operates a manufacturing facility that makes private label and co-
manufactured snacks for its customers.  Select Snacks is 100%
owned by Select Snacks Holdings Company, Inc.

Both Select Holding and Jays Holding are 100% owned by Ubiquity
Brands LLC.

As of the Oct. 11, 2007, the Debtors had approximately 943
employees of which Select has 262 (211 union employees and, 51
non-union employees) and Jays has 681 total employees (236 union
employees and 445 non-union employees).

Jays Foods and Select Snacks filed voluntary chapter 11 petitions
on Oct. 11, 2007 (Bankr. N.D. Ill. Case Nos. 07-18768 and
07-18769).  Mark K. Thomas, Esq., Brian I. Swett, Esq., Jeremy T.
Stillings, Esq., Myja K. Kjaer, Esq., at Winston & Strawn LLP,
represent the Debtors.  Kurtzman Carson Consultants LLC serve as
their notice, claims and balloting agent.  The Official Committee
of Unsecured Creditors has selected Jeffrey N. Pomerantz, Esq.,
and Jeffrey W. Dulberg, Esq., at Pachulski Stang Ziehl & Jones
LLP, as its counsel.  The Debtors' schedueles of assets and
liabilities disclose total assets of $40,709,164 and total
liabilities of $30,745,755.


JAYS FOODS: Select Snacks Files Operating Report for October 2007
-----------------------------------------------------------------
Select Snacks Inc. submitted to the U.S. Bankruptcy Court for the
Northern District of Illinois its monthly operating report for the
period ended Oct. 28, 2007.

     Beginning Balance                    ($37,328)
     Receipts:
       Operations                        1,054,417
       Other Receipts                            0
     Less: Total Disbursements           1,310,290
     Outstanding Checks                     26,595
     DIP Loan Borrowings/(Repayments)      368,253
     Net Receipts                         $138,976
                                         ----------
     Ending Balance                       $101,647

Chicago-based Jays Foods Inc. -- http://www.jaysfoods.com/--
wholesales confectionery products and manufactures snack chip
products.  Jays Foods leases real property, and owns certain
equipment, in Chicago, Illinois where it operates a manufacturing
facility that makes snacks mostly under the Jays, O-KE-DOKE and
Krunchers brand names.  Jays is 100% owned by Jays Holding
Company, Inc.

The company, then known as Jays Food LLC, first filed for chapter
11 protection on March 5, 2004 (Bankr. N.D. Ill. Case No. 04-
08681).  David Missner, Esq., Marc I. Fenton, Esq. and Thomas
Zwartz, Esq. at Piper Rudnick LLP were counsels to the Debtor.  In
the March 2004 case, a Section 363 sale took place and most of the
assets of former Jays Foods were sold to Jays Foods Acquisition
Inc., predecessor to Jays Foods Inc.  The March 2004 case was
closed on or about March 9, 2007.

Select Snacks Inc., on the other hand, owns real property,
improvements and equipment in Jeffersonville, Indiana where it
operates a manufacturing facility that makes private label and co-
manufactured snacks for its customers.  Select Snacks is 100%
owned by Select Snacks Holdings Company, Inc.

Both Select Holding and Jays Holding are 100% owned by Ubiquity
Brands LLC.

As of the Oct. 11, 2007, the Debtors had approximately 943
employees of which Select has 262 (211 union employees and, 51
non-union employees) and Jays has 681 total employees (236 union
employees and 445 non-union employees).

Jays Foods and Select Snacks filed voluntary chapter 11 petitions
on Oct. 11, 2007 (Bankr. N.D. Ill. Case Nos. 07-18768 and
07-18769).  Mark K. Thomas, Esq., Brian I. Swett, Esq., Jeremy T.
Stillings, Esq., Myja K. Kjaer, Esq., at Winston & Strawn LLP,
represent the Debtors.  Kurtzman Carson Consultants LLC serve as
their notice, claims and balloting agent.  The Official Committee
of Unsecured Creditors has selected Jeffrey N. Pomerantz, Esq.,
and Jeffrey W. Dulberg, Esq., at Pachulski Stang Ziehl & Jones
LLP, as its counsel.  The Debtors' schedueles of assets and
liabilities disclose total assets of $40,709,164 and total
liabilities of $30,745,755.


LEVITT AND SONS: LAS Hernando Files Schedules of Assets and Debts
-----------------------------------------------------------------
Levitt and Sons of Manatee County LLC filed with the U.S.
Bankruptcy Court for the Southern District of Florida its
schedules of assets and liabilities, disclosing:

             LEVITT AND SONS OF HERNANDO COUNTY, LLC

A.   Real Property                                   $14,332,645

B.   Personal Property
B.1  Cash on hand                                          1,000
B.9  Insurance Policies                                  unknown
B.16 Accounts Receivable
       Gator Door East Inc                                 3,661
       HomeBanc Receivable                                 5,704
       Stock Buiding Supply Central Fl                       529
       West Orange Lumber                                    464
B.23 Licenses, franchises & other intangibles            unknown

      TOTAL SCHEDULED ASSETS                         $14,344,003
      ==========================================================

C.   Property Claimed as Exempt                               $0

D.   Creditors Holding Secured Claims                 96,478,908

E.   Creditors Holding Unsecured Priority Claims         983,200

F.   Creditors Holding Unsecured Non-priority Claims
       Trade Payable - Unsecured Claims                  408,397
       Duratek Precast Technologies Inc                   17,772

      TOTAL SCHEDULED LIABILITIES                    $97,888,277
      ==========================================================

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 plan expires on March 8,
2008.  (Levitt and Sons Bankruptcy News, Issue No. 6; Bankruptcy
Creditors' Service Inc.; http://bankrupt.com/newsstand/or
215/945-7000)


LEVITT AND SONS: LAS Manatee Files Schedules of Assets and Debts
----------------------------------------------------------------
Levitt and Sons of Manatee County LLC filed with the U.S.
Bankruptcy Court for the Southern District of Florida its
schedules of assets and liabilities, disclosing:

              LEVITT AND SONS OF MANATEE COUNTY, LLC

A.   Real Property                                   $18,892,640

B.   Personal Property
B.1    Cash on hand                                        1,070
B.16 Accounts Receivable
       Broadstar Holdings LLP                              3,657
       Cq Insulation Inc                                   4,515
       Csc Seamless Gutters LLC                            2,919
       Hgo Door & Trim Inc                                   103
       Horizon Construction Services                      18,021
       Smith Metal & Drywall Central Fl                    9,438

      TOTAL SCHEDULED ASSETS                         $18,932,364
      ==========================================================

C.   Property Claimed as Exempt                               $0

D.   Creditors Holding Secured Claims                 $9,660,112

E.   Creditors Holding Unsecured Priority Claims         931,137

F.   Creditors Holding Unsecured Non-priority Claims
       Trade Payable                                   1,213,879
       Retention                                           7,749

      TOTAL SCHEDULED LIABILITIES                    $11,812,877
      ==========================================================

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 plan expires on March 8,
2008.  (Levitt and Sons Bankruptcy News, Issue No. 6; Bankruptcy
Creditors' Service Inc.; http://bankrupt.com/newsstand/or
215/945-7000)


LEVITT AND SONS: LAS Tradition Files Schedules of Assets and Debts
------------------------------------------------------------------
Levitt and Sons at Tradition LLC filed with the U.S. Bankruptcy
Court for the Southern District of Florida its schedules of assets
and liabilities, disclosing:

                 LEVITT AND SONS AT TRADITION, LLC

A.   Real Property
      Various land and houseline property
      (inventory held for resale purposes)           $54,192,639
B.   Personal Property
B.1  Cash on hand                                          4,000
B.13 Stock and Interests                            Undetermined
B.16 Accounts Receivable                                     534
B.21 Other Contingent and Unliquidated Claims       Undetermined

      TOTAL SCHEDULED ASSETS                         $54,197,173
      ==========================================================

C.   Property Claimed as Exempt                               $0

D.   Creditors Holding Secured Claims
      KeyBank, Edward M. Cochran
      Boca Raton, Florida                            $96,478,908

E.   Creditors Holding Unsecured Priority Claims
      Unsecured Priority Claimants:
       Alessandro, Thomas & Maria                         51,783
       Alperin, Nadine                                    66,219
       Angela & James Sutherland                          52,380
       Michael & Anita Gruttadaurio                       91,044
       Others                                          3,147,794
      City of Port St. Lucie                               1,060
      St. Lucie County Fire District                         109
      St. Lucie County Sheriffs Office                        87

F.   Creditors Holding Unsecured Non-priority Claims
      Trade Payable:
       Certified Building Contractors                    115,635
       East coast Bobcat Inc.                            143,424
       H&J Contracting Inc.                              201,077
       Others                                          1,688,014
      Litigation                                    Undetermined
      Commission Payable                                       0

      TOTAL SCHEDULED LIABILITIES                   $102,037,534
      ==========================================================

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 plan expires on March 8,
2008.  (Levitt and Sons Bankruptcy News, Issue No. 6; Bankruptcy
Creditors' Service Inc.; http://bankrupt.com/newsstand/or
215/945-7000)


MOVIE GALLERY: Submits Schedules of Assets and Liabilities
----------------------------------------------------------
Movie Gallery Inc. and its debtor-affiliates submitted to the
U.S. Bankruptcy Court for the Southern District of Florida their
schedules of assets and liabilities, disclosing:

A.    Real Property                                           $0

B.    Personal Property
B.1   Cash on hand                                             0
B.2   Bank Accounts                                            0
B.3   Security Deposit                                         0
B.4   Household good                                           0
B.5   Book, artwork and collectibles                           0
B.6   Wearing apparel                                          0
B.7   Furs and jewelry                                         0
B.8   Firearms and other equipment                             0
B.9   Insurance Policies
        Liberty Mutual Insurance Company                 504,062
        Zurich American Insurance Company                203,606
        St. Paul Fire and Marine Insurance Company        73,700
        Liberty Mutual Fire Insurance Company             71,710
        Others                                           145,672
B.10  Annuities                                                0
B.11  Interests in an education IRA                            0
B.12  Interests in pension plans                               0
B.13  Stock and Interests                           Undetermined
B.14  Interests in partnerships & joint venture                0
B.15  Government and corporate bonds                           0
B.16  Accounts Receivable                                      0
B.17  Alimony                                                  0
B.18  Other Liquidated Debts Owing Debtor                      0
B.19  Equitable or future interests                            0
B.20  Interests in estate death benefit plan                   0
B.21  Other Contingent and Unliquidated Claims                 0
B.22  Patents                                                  0
B.23  Licenses, franchises & other intangibles                 0
B.24  Customer lists or other compilations                     0
B.25  Vehicles                                                 0
B.26  Boats, motors and accessories                            0
B.27  Aircraft and accessories                                 0
B.28  Office Equipment                                         0
B.29  Equipment and Supplies for Business                      0
B.30  Inventory                                                0
B.31  Animals                                                  0
B.32  Crops                                                    0
B.33  Farming equipment and implements                         0
B.34  Farm supplies, chemicals and feed                        0
B.35  Other Personal Property                                  0

        TOTAL SCHEDULED ASSETS                          $998,750
        ========================================================

C.    Property Claimed as Exempt                              $0

D.    Creditors Holding Secured Claims
        Goldman Sachs                                718,758,711
        Wells Fargo Bank, N.A.                       183,217,740
        Capitalsource Finance LLC                   Undetermined
        Capitalsource Finance as Collateral Agent   Undetermined
        Wachovia Bank, N.A.                         Undetermined
        Wachovia Bank, N.A. as Collateral Agent     Undetermined

E.    Creditors Holding Unsecured Priority Claims              0

F.    Creditors Holding Unsecured Non-priority Claims
        US Bank Corporate Trust Services             338,844,417

G.    Executory Contracts and Unexpired Leases                 0

H.    Codebtors                                                0

I.    Current Income of Individual Debtors                     0

J.    Current Expenditures of Individual Debtors               0

        TOTAL SCHEDULED LIABILITIES               $1,240,820,869
        ========================================================

Based in Dothan, Alabama, Movie Gallery Inc. --
http://www.moviegallery.com/-- is a home entertainment
specialty retailer.  It operates over 4,600 stores in the United
States, Canada, and Mexico under the Movie Gallery, Hollywood
Entertainment, Game Crazy, and VHQ banners.

The company and its debtor-affiliates filed for Chapter 11
protection on Oct. 16, 2007 (Bankr. E.D. Va. Case Nos. 07-33849
to 07-33853.  Anup Sathy, Esq., Marc J. Carmel, Esq., and
Richard M. Cieri, Esq., at Kirkland & Ellis LLP, represent the
Debtors.  Michael A. Condyles, Esq., and Peter J. Barrett, Esq.,
at Kutak Rock LLP, is the Debtors' local counsel.  The Debtors'
claims & balloting agent is Kutzman Carson Consultants LLC.
When the Debtors' filed for protection from their creditors,
they listed total assets of $891,993,000 and total liabilities
of $1,419,215,000.

The Official Committee of Unsecured Creditors has selected
Robert J. Feinstein, Esq., James I. Stang, Esq., Robert B.
Orgel, Esq., and Brad Godshall, Esq., at Pachulski Stang Ziehl &
Jones LLP, as its lead counsel, and Brian F. Kenney, Esq., at
Miles & Stockbridge PC, as its local counsel.

The Debtors' spokeswoman Meaghan Repko said the company does not
expect to exit bankruptcy protection before the second quarter of
2008.

(Movie Gallery Bankruptcy News, Issue No. 10; Bankruptcy
Creditors' Service Inc.; http://bankrupt.com/newsstand/or
215/945-7000)


NETBANK INC: Files Monthly Operating Report for Sept. 29-30, 2007
-----------------------------------------------------------------
NetBank Inc. filed its operating report for the period Sept. 29,
2007 to Sept. 30, 2007.

Funds available at the beginning of the period and available for
operations were $3,429,775.  There were no disbursements for the
period, resulting in ending balance of $3,429,775.

A full-text copy of the Debtor's operating report is available for
free at http://ResearchArchives.com/t/s?2628

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.  In its schedules filed with the Court, the
Debtor disclosed total assets of $5,746,867 and total debts of
$35,213,265.

Attorneys at Kilpatrick Stockton LLP and Rogers Towers P.A.,
represent the Official Committee of Unsecured Creditors.


NETBANK INC: Files Monthly Operating Report for October 2007
------------------------------------------------------------
NetBank Inc. filed its operating report for the period Oct. 31,
2007.

Funds available at the beginning of the period were $3,429,775.
Total receipts for the period were $1,826,407, resulting in total
funds available for operations of $5,256,182.  Total disbursements
for the period were $26,316, resulting in ending balance of
$5,229,865.

A full-text copy of the Debtor's operating report is available for
free at http://ResearchArchives.com/t/s?262a

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.  In its schedules filed with the Court, the
Debtor disclosed total assets of $5,746,867 and total debts of
$35,213,265.

Attorneys at Kilpatrick Stockton LLP and Rogers Towers P.A.,
represent the Official Committee of Unsecured Creditors.


PACIFIC LUMBER: Scotia Dev't Files October 2007 Operating Report
----------------------------------------------------------------

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

ASSETS
Current Assets
  Cash                                                  $590,317
  Accounts receivable, net                             6,171,458
  Inventory: lower cost or market                     21,555,476
  Prepaid expenses                                     5,109,263
  Prepaid Restructuring                                  200,000
  Investments                                                  0
  Other                                                  237,575
                                                    ------------
    Total Current Assets                              33,864,089

Property, Plant & Equipment                          214,527,675
Less: Accumulated Depreciation                      (139,499,564)
                                                    ------------
Net book value of property & plant                    75,028,111
Other Assets
  Notes Receivable                                       477,438
  Deferred Financing Costs                             6,325,652
  Long-term Investments                                2,872,506
  Restricted Cash                                      2,509,580
  Restricted Cash-Letter of Credit Collateralization  12,405,351
  Deferred Tax Assets                                 13,652,208
                                                    ------------
    TOTAL ASSETS                                    $147,134,934
                                                    ============

LIABILITIES & OWNERS EQUITY
Postpetition Liabilities
  Trade accounts payable                              $1,621,074
  Tax payable
    Federal payroll taxes                                 37,358
    State payroll taxes                                    5,530
    Ad valorem taxes                                     200,015
    Other taxes                                           20,703
                                                    ------------
       Total taxes payable                               263,606

    Secured debt postpetition                         70,228,574
    Accrued interest payable                           1,068,852
    Accrued professional fees                          3,049,169
    Other accrued liabilities
       Trade Accruals                                  1,857,967
       Compensation and Benefits                       1,981,050
       Other Accrued                                     324,727
       Due to(from) Affiliate/Parent                    (102,683)
                                                    ------------
    Total Postpetition Liabilities                    80,292,337

Prepetition Liabilities
  Notes payable - Secured                             84,277,251
  Priority debt                                        3,444,380
  Federal income tax                                     (17,006)
  FICA/ Withholding                                            0
  Unsecured debt                                       2,999,685
  Other                                               33,667,162
  Due to Affiliate/Parent                             41,661,505
                                                    ------------
    Total Prepetition Liabilities                    166,032,977
                                                    ------------
    Total Liabilities                                246,325,315

Owner's Equity (Deficit)
  Equity in Affiliates                               525,438,702
  Common Stock                                             1,001
  Additional Paid-in Capital                         275,546,288
  Retained Earnings: Filing Date                    (794,985,292)
  Retained Earnings: Post Filing Date               (105,191,080)
                                                    ------------
Total Owner's Equity                                 (99,190,381)
                                                    ------------
TOTAL LIABILITIES & OWNERS EQUITY                   $147,134,934
                                                    ============


                  Scotia Development LLC, et al.
                      Statement of Income
               for the Period Ended October 31, 2007


Revenues                                              $6,677,254
Total cost of revenues                                 7,698,651
                                                    ------------
Gross Profit                                          (1,021,397)

Operating Expenses
  Selling & Marketing                                     94,754
  General & Administrative                               375,620
  Insiders Compensation                                  107,712
  Professional Fees                                            0
  Idle Facilities                                        189,670
  Environmental                                           21,830
                                                    ------------
    Total Operating Expenses                             789,585
                                                    ------------
Income before interest, depreciation, tax             (1,810,982)
Interest Expense                                       1,570,476
Depreciation                                             859,031
Other (Income) Expenses                                  (10,013)
Amortization of Deferred Financing Costs                 387,997
Restructuring
  Professional Fees                                    1,442,743
  Other                                                  132,773
Equity Loss (Earnings) in Subsidiary                   4,628,103
Total Interest, Depreciation & Other Items             9,011,110
                                                    ------------
Net Income Before Taxes                              (10,822,092)
Federal Income Tax                                             0
                                                    ------------
Net Income (Loss)                                   ($10,822,092)
                                                    ============


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

Receipts
  Cash Sales                                             $53,045
  Collection of Accounts Receivable                    9,994,459
  Loans & Advances                                     3,003,040
  Sale of Assets                                               0
  Other                                                2,453,515
                                                    ------------
    Total Receipts                                    15,504,059

Disbursements
  Net payroll                                            869,555
  Payroll taxes paid                                     365,746
  Sales, use & other taxes paid                            9,349
  Secured/rentals/leases                                 248,705
  Utilities & telephone                                   85,622
  Insurance                                            1,233,019
  Cost of goods sold                                   5,656,159
  Vehicle expenses                                       124,139
  Travel & entertainment                                  32,009
  Repairs, maintenance & supplies                        727,009
  Administrative & selling                             1,195,459
  Interest                                             3,457,238
  Other                                                   43,752
                                                    ------------
    Total Disbursements from operations               14,047,760
Professional fees                                      1,049,292
U.S. Trustee fees                                              0
Other reorganization expenses                                  0
                                                    ------------
    Total Disbursements                               15,097,053
                                                    ------------
Net Cash Flow   --                                       407,006
                                                    ------------
Cash, at the beginning of the month                      183,310
                                                    ------------
Cash, at the end of the month                           $590,317
                                                    ============

Based in Oakland, California, The Pacific Lumber Company --
http://www.palco.com/-- and its subsidiaries operate in several
principal areas of the forest products industry, including the
growing and harvesting of redwood and Douglas-fir timber, the
milling of logs into lumber and the manufacture of lumber into a
variety of finished products.

Scotia Pacific Company LLC, Scotia Development LLC, Britt Lumber
Co., Inc., Salmon Creek LLC and Scotia Inn Inc. are wholly owned
subsidiaries of Pacific Lumber.

Scotia Pacific, Pacific Lumber's largest operating subsidiary, was
established in 1993, in conjunction with a securitization
transaction pursuant to which the vast majority of Pacific
Lumber's timberlands were transferred to Scotia Pacific, and
Scotia Pacific issued Timber Collateralized Notes secured by
substantially all of Scotia Pacific's assets, including the
timberlands.

Pacific Lumber, Scotia Pacific, and four other subsidiaries filed
for chapter 11 protection on Jan. 18, 2007 (Bankr. S.D. Tex. Case
Nos. 07-20027 through 07-20032).  Jack L. Kinzie, Esq., at Baker
Botts LLP, is Pacific Lumber's lead counsel.  Nathaniel Peter
Holzer, Esq., Harlin C. Womble, Jr., Esq., and Shelby A. Jordan,
Esq., at Jordan Hyden Womble Culbreth & Holzer PC, is Pacific
Lumber's co-counsel.  Kathryn A. Coleman, Esq., and Eric J.
Fromme, Esq., at Gibson, Dunn & Crutcher LLP, acts as Scotia
Pacific's lead counsel.  John F. Higgins, Esq., and James Matthew
Vaughn, Esq., at Porter & Hedges LLP, is Scotia Pacific's co-
counsel.  John D. Fiero, Esq., at Pachulski Stang Ziehl & Jones
LLP, represents the Official Committee of Unsecured Creditors.

When Pacific Lumber filed for protection from its creditors, it
listed estimated assets and debts of more than $100 million.
Scotia Pacific listed total assets of $932,000,000 and total debts
of $765,978,335.  The Debtors filed their Joint Plan of
Reorganization on Sept. 30, 2007.  The Debtors' exclusive period
to file a chapter 11 plan expired on the same date.
(Scotia/Pacific Lumber Bankruptcy News, Issue No. 36,
http://bankrupt.com/newsstand/or 215/945-7000).


PACIFIC LUMBER: ScoPac Files October 2007 Operating Report
----------------------------------------------------------

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

ASSETS
Current Assets
   Cash                                              $48,654,685
   Accounts receivable, net                            4,100,965
   Inventory: lower cost or market                     2,084,826
   Prepaid expenses                                    6,198,513
   Prepaid Restructuring                                 939,671
   Investments                                                 0
   Other                                                 639,145
                                                   -------------
      Total Current Assets                            62,617,805

Property, Plant & Equipment                          600,144,233
Less: Accumulated Depreciation                      (358,914,670)
                                                   -------------
Net book value of property & plant                   241,229,563
Other Assets
   Capitalized Expenses                               10,687,186
                                                   -------------
      TOTAL ASSETS                                  $314,534,555
                                                   =============

LIABILITIES & OWNERS EQUITY
Postpetition Liabilities
   Trade accounts payable                               $106,688
   Tax payable
      Federal payroll taxes                               11,325
      State payroll taxes                                    342
      Ad valorem taxes                                   210,000
      Other taxes                                         96,138
                                                    ------------
         Total taxes payable                             317,805

      Secured debt postpetition                                0
      Accrued interest payable                        42,430,127
      Accrued professional fees                        5,161,465
      Other accrued liabilities
         Unsecured Debt                                2,779,557
         Payroll                                         427,425
         Other                                           328,818
                                                    ------------
      Total Postpetition Liabilities                  51,551,884

Prepetition Liabilities
   Notes payable - Secured                           767,333,213
   Priority debt                                         207,812
   Federal income tax                                          0
   FICA/ Withholding                                           0
   Unsecured debt                                      3,500,651
   Other                                                 235,944
                                                    ------------
      Total Prepetition Liabilities                  771,277,620
                                                    ------------
      Total Liabilities                              822,829,504

Owner's Equity (Deficit)
   Preffered Stock                                             0
   Common Stock                                       20,384,905
   Additional Paid-in Capital                        179,838,186
   Retained Earnings: Filing Date                   (662,058,832)
   Retained Earnings: Post Filing Date               (46,459,208)
                                                    ------------
Total Owner's Equity                                (508,294,949)
                                                    ------------
TOTAL LIABILITIES & OWNERS EQUITY                   $314,534,555
                                                    ============


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


Revenues                                              $4,409,885
Total cost of revenues                                 1,592,781
                                                    ------------
Gross Profit                                           2,817,104

Operating Expenses
   Selling & Marketing                                         0
   General & Administrative                              229,824
   Insiders Compensation                                       0
   Professional Fees                                           0
   Idle Facilities                                             0
   Environmental                                               0
                                                    ------------
      Total Operating Expenses                           229,824
                                                    ------------
Income before interest, depreciation, tax              2,587,280
Interest Expense                                       5,049,182
Depreciation                                             821,717
Other (Income) Expenses                                 (234,316)
Amortization of Deferred Financing Costs                       0
Restructuring
   Professional Fees                                   1,505,000
   Other                                                  73,800
Equity Loss (Earnings) in Subsidiary                           0
Total Interest, Depreciation & Other Items             7,215,383
                                                    ------------
Net Income Before Taxes                               (4,628,103)
Federal Income Tax                                             0
                                                    ------------
Net Income (Loss)                                    ($4,628,103)
                                                     ============

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

Receipts
   Cash Sales                                                 $0
   Collection of Accounts Receivable                           0
   Loans & Advances                                            0
   Sale of Assets                                              0
   Interest Income                                       213,684
   Log Sales to Palco less Reimbursable                2,950,856
   Other                                                       0
                                                    ------------
      Total Receipts                                   3,164,540

Disbursements
   Net payroll                                           231,953
   Payroll taxes paid                                     83,313
   Sales, use & other taxes paid                         463,015
   Secured/rentals/leases                                  3,551
   Utilities & telephone                                     348
   Insurance                                              71,785
   Cost of goods sold                                          0
   Vehicle expenses                                            0
   Travel & entertainment                                      0
   Repairs, maintenance & supplies                             0
   Administrative & selling                              562,564
   Decking, logging & hauling                          1,708,517
   Other                                                       0
                                                    ------------
      Total Disbursements from operations              3,125,046

Professional fees                                      2,684,431
U.S. Trustee fees                                              0
Interest                                                 236,385
Other reorganization expenses                                  0
                                                    ------------
      Total Disbursements                              6,045,863
                                                    ------------
Net Cash Flow                                         (2,881,323)
                                                    ------------
Cash, at the end of the month                        $48,654,685
                                                    ============

Based in Oakland, California, The Pacific Lumber Company --
http://www.palco.com/-- and its subsidiaries operate in several
principal areas of the forest products industry, including the
growing and harvesting of redwood and Douglas-fir timber, the
milling of logs into lumber and the manufacture of lumber into a
variety of finished products.

Scotia Pacific Company LLC, Scotia Development LLC, Britt Lumber
Co., Inc., Salmon Creek LLC and Scotia Inn Inc. are wholly owned
subsidiaries of Pacific Lumber.

Scotia Pacific, Pacific Lumber's largest operating subsidiary, was
established in 1993, in conjunction with a securitization
transaction pursuant to which the vast majority of Pacific
Lumber's timberlands were transferred to Scotia Pacific, and
Scotia Pacific issued Timber Collateralized Notes secured by
substantially all of Scotia Pacific's assets, including the
timberlands.

Pacific Lumber, Scotia Pacific, and four other subsidiaries filed
for chapter 11 protection on Jan. 18, 2007 (Bankr. S.D. Tex. Case
Nos. 07-20027 through 07-20032).  Jack L. Kinzie, Esq., at Baker
Botts LLP, is Pacific Lumber's lead counsel.  Nathaniel Peter
Holzer, Esq., Harlin C. Womble, Jr., Esq., and Shelby A. Jordan,
Esq., at Jordan Hyden Womble Culbreth & Holzer PC, is Pacific
Lumber's co-counsel.  Kathryn A. Coleman, Esq., and Eric J.
Fromme, Esq., at Gibson, Dunn & Crutcher LLP, acts as Scotia
Pacific's lead counsel.  John F. Higgins, Esq., and James Matthew
Vaughn, Esq., at Porter & Hedges LLP, is Scotia Pacific's co-
counsel.  John D. Fiero, Esq., at Pachulski Stang Ziehl & Jones
LLP, represents the Official Committee of Unsecured Creditors.

When Pacific Lumber filed for protection from its creditors, it
listed estimated assets and debts of more than $100 million.
Scotia Pacific listed total assets of $932,000,000 and total debts
of $765,978,335.  The Debtors filed their Joint Plan of
Reorganization on Sept. 30, 2007.  The Debtors' exclusive period
to file a chapter 11 plan expired on the same date.
(Scotia/Pacific Lumber Bankruptcy News, Issue No. 36,
http://bankrupt.com/newsstand/or 215/945-7000).


PUBLICARD INC: Posts $46,288 Net Loss in October 31, 2007
---------------------------------------------------------
For the month ended Oct. 31, 2007, PubliCARD Inc. incurred a
net loss of $46,288 on zero revenues.

The company's balance sheet as of Oct. 31, 2007, showed total
assets of $55,519 and total liabilities of $482,271 resulting in
a total stockholders deficit of $426,752.

The company's October 31 balance sheet also showed strained
liquidity with $51,777 in total current assets available to pay
$313,821 in total pre-petition current liabilities and $168,450 in
total post-petition current liabilities.

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

               http://ResearchArchives.com/t/s?262b

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

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


SOLUTIA INC: Incurs $3,000,000 Net Loss in Month Ended October 31
-----------------------------------------------------------------

                   Solutia Chapter 11 Debtors
     Unaudited Statement of Consolidated Financial Position
                    As of October 31, 2007

                            ASSETS

Cash                                                 $9,000,000
Trade Receivables, net                              219,000,000
Account Receivables-Unconsolidated Subsidiaries      67,000,000
Inventories                                         162,000,000
Other Current Assets                                 85,000,000
Assets of Discontinued Operations                     6,000,000
                                                 --------------
Total Current Assets                                548,000,000

Property, Plant and Equipment, net                  649,000,000
Investments in Subsidiaries and Affiliates          687,000,000
Intangible Assets, net                              100,000,000
Other Assets                                         58,000,000
                                                 --------------
Total Assets                                     $2,042,000,000
                                                 ==============

              LIABILITIES AND SHAREHOLDERS' DEFICIT

Accounts Payable                                   $219,000,000
Short Term Debt                                     924,000,000
Other Current Liabilities                           174,000,000
Liabilities of Discontinued Operations                3,000,000
                                                 --------------
Total Current Liabilities                         1,320,000,000

Long-Term Debt                                       19,000,000
Other Long-Term Liabilities                         175,000,000
                                                 --------------
Total Liabilities not Subject to Compromise       1,514,000,000

Liabilities Subject to Compromise                 1,939,000,000

Shareholders' Deficit                            (1,411,000,000)
                                                 --------------
Total Liabilities & Shareholders' Deficit        $2,042,000,000
                                                 ==============


                  Solutia Chapter 11 Debtors
         Unaudited Consolidated Statement of Operations
              For the Month Ended October 31, 2007

Total Net Sales                                    $231,000,000
Total Cost Of Goods Sold                            207,000,000
                                                 --------------
Gross Profit                                         24,000,000

Total MAT Expense                                    17,000,000
                                                 --------------
Operating Income (Loss)                               7,000,000

Equity Earnings from Affiliates                               0
Interest Expense, net                                (9,000,000)
Other Income, net                                     5,000,000

Reorganization Items:
Professional fees                                    (5,000,000)
Employee severance and retention costs               (1,000,000)
Adjustment to allowed claim amounts                           0
Settlements of prepetition claims                             0
                                                 --------------
                                                     (6,000,000)
                                                 --------------
Income from continuing operations before taxes       (3,000,000)

Income tax expense (benefit)                                  0

Income from discontinued operations                           0
                                                 --------------
Net Loss                                            ($3,000,000)
                                                 ==============

Headquartered in St. Louis, Missouri, Solutia Inc. (OTCBB:SOLUQ)
-- http://www.solutia.com/-- and its subsidiaries, engage in the
manufacture and sale of chemical-based materials, which are used
in consumer and industrial applications worldwide.  The company
and 15 debtor-affiliates filed for chapter 11 protection on Dec.
17, 2003 (Bankr. S.D.N.Y. Case No. 03-17949).  When the Debtors
filed for protection from their creditors, they listed
$2,854,000,000 in assets and $3,223,000,000 in debts.

Solutia is represented by Richard M. Cieri, Esq., Jonathan S.
Henes, Esq., and Michael A. Cohen, Esq., at Kirkland & Ellis LLP,
in New York, as lead bankruptcy counsel, and David A. Warfield,
Esq., and Laura Toledo, Esq., at Blackwell Sanders LLP, in St.
Louis Missouri, as special counsel.  Trumbull Group LLC is the
Debtor's claims and noticing agent.  Daniel H. Golden, Esq., Ira
S. Dizengoff, Esq., and Russel J. Reid, Esq., at Akin Gump Strauss
Hauer & Feld LLP represent the Official Committee of Unsecured
Creditors, and Derron S. Slonecker at Houlihan Lokey Howard &
Zukin Capital provides the Creditors' Committee with financial
advice. The Official Committee of Retirees of Solutia, Inc., et
al., is represented by Daniel D. Doyle, Esq., Nicholas A. Franke,
Esq., and David M. Brown, Esq., at Spencer Fane Britt & Browne,
LLP, in St. Louis, Missouri, and Frank M. Young, Esq., Thomas E.
Reynolds, Esq., R. Scott Williams, Esq., at Haskell Slaughter
Young & Rediker, LLC, in Birmingham, Alabama.

On Feb. 14, 2006, the Debtors filed their Reorganization Plan &
Disclosure Statement.  On May 15, 2007, they filed an Amended
Reorganization Plan and on July 9, 2007, filed a 2nd Amended
Reorganization Plan.  The Bankruptcy Court approved the Debtors'
amended Disclosure Statement on Oct. 19, 2007.  On Oct. 22, 2007,
the Debtor re-filed a Consensual Plan & Disclosure Statement and
on November 29, the Court confirmed the Debtors' Consensual Plan.
(Solutia Bankruptcy News, Issue No. 110; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).

                         *     *     *

Solutia carries Moody's Investors Service's B1 Corporate Family
Rating and Probability of Default Rating.


SONICBLUE INC: Incurs $42,377 Net Loss in Month Ended August 31
---------------------------------------------------------------
SONICBlue Incorporated and its debtor-affiliates submitted to the
U.S. Bankruptcy Court for the Northern District of California
their monthly operating report for August 2007.

For the month ended Aug. 31, 2007, the Debtors incurred a net loss
of $42,377 on zero revenues.

As of Aug. 31, 2007, the Debtors' balance sheet showed total
assets of $85,992,541 (all are considered current assets), total
liabilities of $243,212,292, of which $1,956,774 are current.

The Debtors' statement of cash receipts and disbursements for
August 2007 disclose:

     Cash Balance, Beginning        $85,696,432
     Total Receipts                    $354,985
       Less: Total Disbursements         58,876
     Excess                            $296,109
     Cash Balance, End              $85,992,541

Based in Santa Clara, California, SONICblue Incorporated is
involved in the converging Internet, digital media, entertainment
and consumer electronics markets.  The company, together with
three of its wholly owned subsidiaries, Diamond Multimedia Systems
Inc., ReplayTV Inc., and Sensory Science Corporation, filed for
Chapter 11 protection on Mar. 21, 2003 (Bankr. N.D. Calif. Case
Nos. 03-51775 to 03-51778).  When the Debtors filed for protection
from their creditors, they listed assets totaling $342,871,000 and
debts totaling $335,473,000.

The Court disqualified Pillsbury Winthrop Shaw Pittman LLP as the
Debtors' bankruptcy counsel due to the firm's failure to disclose
conflicts of interest and the evidence of a "Fraud on the Court
Motion" filed by SonicBlue Claims LLC, a company created to buy
creditors' claims.  As a result, the Court appointed Dennis J.
Connolly as the Chapter 11 trustee in the Debtors' cases.

                             *********

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

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

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

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

                             *********

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

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

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

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

The TCR subscription rate is $775 for 6 months delivered via e-
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for the term of the initial subscription or balance thereof are
$25 each.  For subscription information, contact Christopher Beard
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                    *** End of Transmission ***