TCR_Public/071229.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 29, 2007, Vol. 11, No. 307

                             Headlines


ADVA-LITE INC: Files Monthly Operating Report for November 2007
AMERICAN HOME: Posts $13,940,571 Net Loss for August 2007
AMERICAN HOME: AHM Acceptance Files August 2007 Operating Report
AMERICAN HOME: AHM Corp. Files August 2007 Operating Report
AMERICAN HOME: AHM Holdings Files August 2007 Operating Report

AMERICAN HOME: AHM Servicing Files August 2007 Operating Report
AMERICAN HOME: AHM Ventures Files August 2007 Operating Report
AMERICAN HOME: Great Oak Files August 2007 Operating Report
AMERICAN HOME: Homegate Files August 2007 Operating Report
FEDDERS CORP: Incurs $5,640,000 Net Loss in October 2007

NETBANK INC: Submits Operating Report for November 1-30, 2007
NEUMANN HOMES: Submits Schedules of Assets and Liabilities
NEWPOWER HOLDINGS: Files Operating Report for Sept. 30 to Oct. 31
REFCO LLC: Chapter 7 Trustee Files October 2007 Monthly Report
SCO GROUP: Earns $1,081,019 for the Month Ended November 30

VESTA INSURANCE: Florida Select Files Report for November 2007
VESTA INSURANCE: Gordon Gaines Files Report for November 200


                             *********

ADVA-LITE INC: Files Monthly Operating Report for November 2007
---------------------------------------------------------------
Adva-Lite Inc. and its debtor-affiliates submitted to the U.S.
Bankruptcy Court for the District of Delaware their monthly
operating report for November 2007.

For the month of November 2007, the Debtors had $1,180 total
disbursements made by outside sources (from escrow accounts).
The Debtors generated zero revenues, had zero expenses and zero
income for the month.

Effective April 25, 2007, the Debtors sold all their operating
assets and suspended operations.  The Debtors are winding down
operations and have no operating activity other than the cash
activity reflected on their monthly operating report.

                       About Adva-Lite Inc.

Headquartered in Largo, Fla., Adva-Lite Inc., together with
Corvest Promotional Products Inc., and four other affiliates,
sought chapter 11 protection on February 28, 2007 (Bankr. D. Del.
Lead Case Nos. 07-10264).  The four affiliates filing separate
chapter 11 petitions are Toppers LLC, CGI Inc., It's All Greek To
Me Inc., and Corvest Group Inc.

Adva-Lite, It's All Greek, and Toppers are subsidiaries of Corvest
Promotional.  Adva-Lite manufactures and markets personal lighting
gizmos, writing instruments, beverageware, and tools.  It's All
Greek provides custom plush products.  Toppers offers sports bags,
totes, luggage, caps, and other business accessories.

Paul S. Singerman, Esq., and Jordi Guso, Esq., at Berger
Singerman, P.A., represent the Debtors.  Michael R. Nestor, Esq.,
Kara Hammond Coyle, Esq., at Young Conaway Stargatt & Taylor, LLP,
is the Debtors co-counsel.  Houlihan Lokey Howard & Zukin Capital,
Inc. serve as financial advisor and investment banker to the
Debtors.  Kurtzman Carson Consultants LLC acts as the Debtors'
claims and noticing agent.  Lowenstein Sandler PC represent the
Official Committee of Unsecured Creditors while Reed Smith LLP is
the Committee's Delaware counsel.  Mahoney Cohen & Company, CPA
P.C. is the financial advisor to the Committee.  In amended
schedules filed with the Court, Adva-Lite disclosed total assets
of $7,033,526 and total debts of $48,897,227.

The Court will continue the hearing on the Debtors' disclosure
statement explaining their plan of liquidation on Jan. 9, 2008.


AMERICAN HOME: Posts $13,940,571 Net Loss for August 2007
---------------------------------------------------------
American Home Mortgage Investment Corp. submitted to the U.S.
Bankruptcy Court for the District of Delaware its monthly
operating report for August 2007.

             American Home Mortgage Investment Corp.
                Statement of Financial Condition
                      As of August 31, 2007

Assets:
   Cash and cash equivalents                             $29,134
   Restricted cash                                   150,799,967
   Accounts receivable                                 6,758,464
   Intercompany receivable                         1,320,448,267
   Securities                                      1,415,801,779
   Derivative assets                                  17,320,805
   Investment in subsidiaries                       (193,719,714)
   Other assets                                           11,876
                                                   -------------
      Total Assets                                $2,717,450,578
                                                   =============

Liabilities and Stockholders' Equity:

   Liabilities:
      Reverse repurchase agreements                 $890,718,328
      Junior subordinated note                       180,416,000
      Derivative liabilities                          34,993,293
      Accrued expenses & other liabilities           575,663,148
      Intercompany payable                           572,639,754
                                                   -------------
         Total Liabilities                         2,254,430,523

   Stockholders' Equity
      Preferred stock - Series A                      50,856,875
      Preferred stock - Series B                      83,183,125
      Common Stock                                       543,074
      Additional paid-in capital                   1,057,864,155
      Retained earnings                             (729,427,174)
                                                   -------------
         Total Stockholders' Equity                  463,020,055
                                                   -------------
Total Liabilities & Stockholders' Equity          $2,717,450,578
                                                   =============


             American Home Mortgage Investment Corp.
                       Statement of Income
                    August 6 through 31, 2007

Net Interest Income:
   Interest income                                   $10,443,036
                                                   -------------
      Net interest income                             10,443,036

   Provision for loan losses                                   -
                                                   -------------
      Net interest income after provision             10,443,036
      for loan losses

Non-Interest Income:
   Loss on securities and derivatives                (13,483,641)
   Loss from Subsidiaries                            (10,449,970)
                                                   -------------
      Non-interest income                            (23,933,611)

Other
   Other expenses                                        449,996
                                                   -------------
      Total expenses                                     449,996

Loss before income taxes                             (13,940,571)
Income taxes                                                   -
                                                   -------------
Net loss                                            ($13,940,571)
                                                   =============


             American Home Mortgage Investment Corp.
           Schedule of Cash Receipts and Disbursements
                    August 6 through 31, 2007

Cash - Beginning of Month, 08/06/2007               $152,632,873

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                         $1,068
   Loans and advances                                          -
   Administrative                                              -
   Net payroll                                                 -
   Other                                                 785,977
   Transfers (from DIP accounts)                               -
                                                   -------------
      Total Receipts                                     787,045

Disbursements:
   Net payroll                                                 -
   Payroll taxes                                               -
   Sales, use & other taxes                                    -
   Loans and advances                                          -
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                            950
   Selling                                                     -
   Other                                               2,589,867
   Transfers (from DIP accounts)                               -
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                   -------------
      Total Disbursements                              2,590,817
                                                   -------------
      Net Cash Flow                                   (1,803,772)
                                                   -------------
Cash - End of Month                                 $150,829,101
                                                   =============

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors.  Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent.  The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.  The Debtors' exclusive period to
file a plan expired Dec. 21, 2007.  (American Home Bankruptcy
News, Issue No. 20, Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHM Acceptance Files August 2007 Operating Report
----------------------------------------------------------------
American Home Mortgage Acceptance Inc., a debtor-affiliate of
American Home Mortgage Investment Corp., submitted to the U.S.
Bankruptcy Court for the District of Delaware its monthly
operating report for August 2007.

              American Home Mortgage Acceptance Inc.
                Statement of Financial Condition
                      As of August 31, 2007

Assets:
   Cash and cash equivalents                            $240,257
   Restricted cash                                        48,925
   Accounts receivable                                 4,335,667
   Intercompany receivable                           516,884,589
   Mortgage loans                                    434,299,679
   Mortgage servicing rights                          27,421,204
   Other real estate, net                              5,020,191
   Investment in subsidiaries                        (28,934,089)
   Other assets                                          162,506
                                                    ------------
      Total Assets                                  $959,478,929
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Warehouse lines of credit                     $397,312,428
      Accrued expenses & other liabilities             1,313,590
      Intercompany payable                           715,932,804
                                                    ------------
         Total Liabilities                         1,114,558,822

   Stockholders' Equity
      Additional paid-in capital                      40,298,920
      Retained earnings                             (195,378,813)
                                                    ------------
         Total Stockholders' Equity                 (155,079,893)
                                                    ------------
Total Liabilities & Stockholders' Equity            $959,478,929
                                                    ============


              American Home Mortgage Acceptance Inc.
                       Statement of Income
                    August 6 through 31, 2007

Net Interest Income:
   Interest income                                    $1,332,102
                                                    ------------
      Net interest income                              1,332,102

   Provision for loan losses                                   -
                                                    ------------
      Net interest income after provision              1,332,102
        for loan losses

Non-Interest Income:
   Loss on mortgage loans                                (28,324)
   (Loss) gain on securities & derivatives                39,301
   Loan servicing fees                                   105,146
   Loss from subsidiaries                               (127,484)
                                                    ------------
      Non-interest income                                (11,361)

Expenses:
   Salaries, commissions & benefits, net                 314,092
   Marketing and promotion                                    10
   Other real estate operating (income)                  (85,443)
   Other                                                     252
                                                    ------------
      Total expenses                                     228,911

Income before taxes                                    1,091,830
Income taxes                                                   -
                                                    ------------
Net Income                                            $1,091,830
                                                    ============


              American Home Mortgage Acceptance Inc.
           Schedule of Cash Receipts and Disbursements
                    August 6 through 31, 2007

Cash - Beginning of Month, 08/06/2007                   $771,334

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                              -
   Loans and advances                                          -
   Administrative                                              -
   Net payroll                                                 -
   Other                                                 $12,566
   Transfers (from DIP accounts)                               -
                                                    ------------
      Total Receipts                                      12,566

Disbursements:
   Net payroll                                                 -
   Payroll taxes                                               -
   Sales, use & other taxes                                    -
   Loans and advances                                    494,719
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                              -
   Selling                                                     -
   Other                                                       -
   Transfers (from DIP accounts)                               -
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                    ------------
      Total Disbursements                                494,719
                                                    ------------
      Net Cash Flow                                     (482,152)
                                                    ------------
Cash - End of Month                                     $289,182
                                                    ============

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors.  Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent.  The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.  The Debtors' exclusive period to
file a plan expired Dec. 21, 2007.  (American Home Bankruptcy
News, Issue No. 20, Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHM Corp. Files August 2007 Operating Report
-----------------------------------------------------------
American Home Mortgage Corp., a debtor-affiliate of American Home
Mortgage Investment Corp., submitted to the U.S. Bankruptcy Court
for the District of Delaware its monthly operating report for
August 2007.

                  American Home Mortgage Corp.
                Statement of Financial Condition
                      As of August 31, 2007

Assets:
   Cash and cash equivalents                         $41,348,971
   Restricted cash                                    36,034,851
   Accounts receivable                                35,238,464
   Intercompany receivable                           702,881,966
   Mortgage loans                                  2,386,791,316
   Derivative assets                                     743,601
   Mortgage servicing rights                         610,693,070
   Other real estate, net                             38,119,843
   Premises and equipment, net                        48,119,093
   Investment in subsidiaries                        120,827,370
   Other assets                                       27,019,593
                                                   -------------
      Total Assets                                $4,047,818,138
                                                   =============

Liabilities and Stockholders' Equity

   Liabilities:
      Warehouse lines of credit                   $2,081,518,855
      Derivative liabilities                          10,481,560
      Accrued expenses & other liabilities            95,043,846
      Intercompany payable                         1,490,325,989
      Notes payable                                  447,177,107
      Income taxes payable                               567,001
                                                   -------------
         Total Liabilities                         4,125,114,358

   Stockholders' Equity
      Additional paid-in capital                     153,195,270
      Retained earnings                             (230,491,490)
                                                   -------------
         Total Stockholders' Equity                  (77,296,220)
                                                   -------------
Total Liabilities & Stockholders' Equity          $4,047,818,138
                                                   =============


                  American Home Mortgage Corp.
                       Statement of Income
                    August 6 through 31, 2007

Net Interest Income:
   Interest income                                   $10,389,344
                                                   -------------
      Net interest income                             10,389,344

   Provision for loan losses                                   -
                                                   -------------
      Net interest income after provision             10,389,344
         for loan losses

Non-Interest Income:
   Loss on mortgage loans                             (7,153,782)
   Loan servicing fees                                 7,242,180
   Income from subsidiaries                            3,779,558
   Other non-interest income                             265,251
                                                   -------------
      Non-interest income                              4,133,207

Expenses:
   Salaries, commissions & benefits, net               8,433,429
   Occupancy and equipment                             3,805,928
   Data processing and communications                  1,816,510
   Office supplies and expenses                          307,979
   Marketing and promotion                               806,383
   Travel and entertainment                              724,868
   Professional fees                                   2,888,955
   Other real estate operating expense                 3,052,149
   Other                                                 671,613
                                                   -------------
      Total expenses                                  22,507,814

Loss before income taxes                              (7,985,263)
Income taxes                                                   -
                                                   -------------
Net loss                                              (7,985,263)
                                                   =============


                  American Home Mortgage Corp.
           Schedule of Cash Receipts and Disbursements
                    August 6 through 31, 2007

Cash - Beginning of Month, 08/06/2007                $46,488,244

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                     $1,418,291
   Loans and advances                                 25,511,172
   Administrative                                              -
   Net payroll                                                 -
   Other                                                       -
   Transfers (from DIP accounts)                          93,132
                                                   -------------
      Total Receipts                                  27,022,594

Disbursements:
   Net payroll                                        (2,918,263)
   Payroll taxes                                          78,060
   Sales, use & other taxes                                    -
   Loans and advances                                          -
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                     (1,032,781)
   Selling                                                     -
   Other                                                       -
   Transfers (from DIP accounts)                               -
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                   -------------
      Total Disbursements                             (3,872,985)
                                                   -------------
      Net Cash Flow                                   30,895,579
                                                   -------------
Cash - End of Month                                  $77,383,822
                                                   =============

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors.  Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent.  The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.  The Debtors' exclusive period to
file a plan expired Dec. 21, 2007.  (American Home Bankruptcy
News, Issue No. 20, Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHM Holdings Files August 2007 Operating Report
--------------------------------------------------------------
American Home Mortgage Holdings Inc., a debtor-affiliate of
American Home Mortgage Investment Corp., submitted to the U.S.
Bankruptcy Court for the District of Delaware its monthly
operating report for August 2007.

               American Home Mortgage Holdings Inc.
                Statement of Financial Condition
                      As of August 31, 2007

Assets:
   Cash and cash equivalents                              $1,000
   Accounts receivable                                   134,546
   Intercompany receivable                           133,122,337
   Investment in subsidiaries                        153,560,709
   Other assets                                                -
                                                    ------------
      Total Assets                                  $286,818,592
                                                    ============

Liabilities and Stockholders' Equity:

   Liabilities:
      Junior subordinated note                      $304,214,000
      Accrued expenses & other liabilities             4,733,874
                                                    ------------
         Total Liabilities                           308,947,874

   Stockholders' Equity:
      Additional paid-in capital                      94,597,812
      Retained earnings                             (116,727,094)
                                                    ------------
         Total Stockholders' Equity                  (22,129,282)
                                                    ------------
Total Liabilities & Stockholders' Equity            $286,818,592
                                                    ============


               American Home Mortgage Holdings Inc.
                       Statement of Income
                    August 6 through 31, 2007

Income from subsidiaries
   Non-interest income                              ($12,006,749)
                                                    ------------
      Non-interest income                            (12,006,749)

Loss before income taxes                             (12,006,749)
Income taxes                                                   -
                                                    ------------
Net loss                                            ($12,006,749)
                                                    ============

American Home Mortgage Holdings, Inc., also discloses that its
cash as of August 6, 2007, was $1,000.  Since there was no cash
receipts and disbursements for August, AHM Holdings' cash at the
end of the month is still $1,000.

                      About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors.  Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent.  The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.  The Debtors' exclusive period to
file a plan expired Dec. 21, 2007.  (American Home Bankruptcy
News, Issue No. 20, Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHM Servicing Files August 2007 Operating Report
---------------------------------------------------------------
American Home Mortgage Servicing Inc., a debtor-affiliate of
American Home Mortgage Investment Corp., submitted to the U.S.
Bankruptcy Court for the District of Delaware its monthly
operating report for August 2007.

              American Home Mortgage Servicing Inc.
                Statement of Financial Condition
                      As of August 31, 2007

Assets:
   Cash and cash equivalents                         $40,077,293
   Restricted cash                                     2,649,676
   Accounts receivable & servicing advances          119,344,659
   Intercompany receivable                           155,986,011
   Premises and equipment, net                         2,753,663
   Investment in subsidiaries                         10,892,018
   Other assets                                          850,522
                                                    ------------
      Total Assets                                  $332,553,842
                                                    ============

Liabilities and Stockholders' Equity:

   Liabilities:
      Warehouse lines of credit                      $50,000,000
      Accrued expenses & other liabilities            19,195,636
      Intercompany payable                           118,132,459
      Income taxes payable                                     -
                                                    ------------
         Total Liabilities                           187,328,095

   Stockholders' Equity
      Additional paid-in capital                      37,000,200
      Retained earnings                              108,225,547
                                                    ------------
         Total Stockholders' Equity                  145,225,747
                                                    ------------
Total Liabilities & Stockholders' Equity            $332,553,842
                                                    ============


              American Home Mortgage Servicing Inc.
                       Statement of Income
                    August 6 through 31, 2007

Non-Interest Income:
   Gain on mortgage loans                                   $249
   Other non-interest income                             496,719
                                                    ------------
      Non-interest income                                496,968

Expenses
   Salaries, commissions & benefits, net               2,467,293
   Occupancy and equipment                               140,179
   Data processing and communications                     39,231
   Office supplies and expenses                           62,535
   Marketing and promotion                                  (103)
   Travel and entertainment                                1,031
   Professional fees                                      91,595
   Other                                                 726,940
                                                    ------------
      Total expenses                                   3,528,701

Loss before income taxes                              (3,031,733)
Income taxes                                                   -
                                                    ------------
Net loss                                             ($3,031,733)
                                                    ============


              American Home Mortgage Servicing Inc.
           Schedule of Cash Receipts and Disbursements
                    August 6 through 31, 2007

Cash - Beginning of Month, 08/06/2007                $21,182,297

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                              -
   Loans and advances                                $22,378,435
   Administrative                                         57,205
   Net payroll                                                 -
   Other                                                       -
   Transfers (from DIP accounts)                               -
                                                    ------------
      Total Receipts                                  22,435,640

Disbursements:
   Net payroll                                                 -
   Payroll taxes                                               -
   Sales, use & other taxes                                    -
   Loans and advances                                          -
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                              -
   Selling                                                     -
   Other                                                 890,968
   Transfers (from DIP accounts)                               -
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                    ------------
      Total Disbursements                                890,968
                                                    ------------
      Net Cash Flow                                   21,544,672
                                                    ------------
Cash - End of Month                                  $42,726,969
                                                    ============

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors.  Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent.  The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.  The Debtors' exclusive period to
file a plan expired Dec. 21, 2007.  (American Home Bankruptcy
News, Issue No. 20, Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHM Ventures Files August 2007 Operating Report
--------------------------------------------------------------
American Home Mortgage Ventures LLC, a debtor-affiliate of
American Home Mortgage Investment Corp., submitted to the U.S.
Bankruptcy Court for the District of Delaware its monthly
operating report for August 2007.

               American Home Mortgage Ventures LLC
                Statement of Financial Condition
                      As of August 31, 2007

Assets:
   Cash and cash equivalents                            $611,549
   Intercompany receivable                                     -
   Premises and equipment, net                             2,200
   Other assets                                                -
                                                    ------------
      Total Assets                                      $614,317
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Accrued expenses & other liabilities                     -
      Intercompany payable                               155,651
                                                    ------------
         Total Liabilities                               155,651

   Stockholders' Equity
      Additional paid-in capital                         395,500
      Retained earnings                                   63,166
                                                    ------------
         Total Stockholders' Equity                      458,666
                                                    ------------
Total Liabilities & Stockholders' Equity                $614,317
                                                    ============

The cash and cash equivalents ($611,549), and the premises and
equipment ($2,200), total only $613,749, not $614,317, as stated
by the Debtor.

               American Home Mortgage Ventures LLC
                       Statement of Income
                    August 6 through 31, 2007

Data processing and communications                           $93
Other                                                    $14,920
                                                    ------------
      Total expenses                                      15,015

Loss before income taxes                                 (15,015)
Income taxes                                                   -
                                                    ------------
Net loss                                                ($15,015)
                                                    ============

American Home Mortgage Ventures, LLC, reveals that as of the
Petition Date it has cash amounting to $611,549.  However, there
had been no transaction relating to cash receipts and
disbursements, therefore, its cash at the end of August 2007 was
still $611,549.

                      About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors.  Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent.  The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.  The Debtors' exclusive period to
file a plan expired Dec. 21, 2007.  (American Home Bankruptcy
News, Issue No. 20, Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: Great Oak Files August 2007 Operating Report
-----------------------------------------------------------
Great Oak Abstract Corp., a debtor-affiliate of American Home
Mortgage Investment Corp., submitted to the U.S. Bankruptcy Court
for the District of Delaware its monthly operating report for
August 2007.

                    Great Oak Abstract Corp.
                Statement of Financial Condition
                      As of August 31, 2007

Assets:
   Cash and cash equivalents                            $380,941
   Accounts receivable                                    36,615
   Intercompany receivable                               693,132
   Premises and equipment, net                             5,339
   Other assets                                          104,800
                                                    ------------
      Total Assets                                    $1,220,827
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Accrued expenses & other liabilities                76,743
                                                    ------------
         Total Liabilities                                76,743

   Stockholders' Equity:
      Additional paid-in capital                          95,520
      Retained earnings                                1,048,564
                                                    ------------
         Total Stockholders' Equity                    1,144,084
                                                    ------------
Total Liabilities & Stockholders' Equity              $1,220,827
                                                    ============

Great Oak Abstract Corp. also discloses that as of the Petition
Date, it has cash amounting to $380,941.  There had been no
transactions related to cash receipts and disbursements.  Hence,
Great Oak's cash at the end of August was still $380,941.

                      About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors.  Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent.  The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.  The Debtors' exclusive period to
file a plan expired Dec. 21, 2007.  (American Home Bankruptcy
News, Issue No. 20, Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: Homegate Files August 2007 Operating Report
----------------------------------------------------------
Homegate Settlement Services Inc., a debtor-affiliate of American
Home Mortgage Investment Corp., submitted to the U.S. Bankruptcy
Court for the District of Delaware its monthly operating report
for August 2007.

                  Homegate Settlement Services Inc.
                  Statement of Financial Condition
                        As of August 31, 2007

Assets:
   Cash and cash equivalents                             $25,802
   Restricted cash                                             -
   Intercompany receivable                                     -
   Premises and equipment, net                           233,715
   Other assets                                                -
                                                    ------------
      Total Assets                                      $259,517
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Accrued expenses & other liabilities:
         Accrued expenses                             $3,227,293
         Accrued payroll expenses                         30,739
         Deferred compensation plan liability             27,006
      Intercompany payable                             7,883,943
      Income taxes payable                                 3,671
                                                    ------------
         Total Liabilities                            11,172,652

   Stockholders' Equity
      Additional paid-in capital                         250,000
      Retained earnings                              (11,163,135)
                                                    ------------
         Total Stockholders' Equity                  (10,913,135)
                                                    ------------
Total Liabilities & Stockholders' Equity                $259,517
                                                    ============


                Homegate Settlement Services Inc.
                       Statement of Income
                    August 6 through 31, 2007

Salaries, commissions and benefits, net                  $65,807
Data processing and communications                            (1)
Other                                                      3,175
                                                    ------------
      Total expenses                                      68,981

Loss before income taxes                                 (68,981)
Income taxes                                                   -
                                                    ------------
Net loss                                                ($68,981)
                                                    ============


                Homegate Settlement Services Inc.
           Schedule of Cash Receipts and Disbursements
                    August 6 through 31, 2007

Cash - Beginning of Month, 08/06/2007                    $25,026

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                              -
   Loans and advances                                          -
   Administrative                                              -
   Net payroll                                              $776
   Other                                                       -
   Transfers (from DIP accounts)                               -
                                                    ------------
      Total Receipts                                        $776

Disbursements:
   Net payroll                                                 -
   Payroll taxes                                               -
   Sales, use & other taxes                                    -
   Loans and advances                                          -
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                              -
   Selling                                                     -
   Other                                                       -
   Transfers (from DIP accounts)                               -
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                    ------------
      Total Disbursements                                      0
                                                    ------------
      Net Cash Flow                                          776
                                                    ------------
Cash - End of Month                                      $25,802
                                                    ============

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors.  Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent.  The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.  The Debtors' exclusive period to
file a plan expired Dec. 21, 2007.  (American Home Bankruptcy
News, Issue No. 20, Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


FEDDERS CORP: Incurs $5,640,000 Net Loss in October 2007
--------------------------------------------------------
Fedders Corp. and its debtor-affiliates submitted to the United
States Bankruptcy Court for the District of Delaware their October
2007 monthly operating report.

The Debtors generated net sales of $9,786,000 and incurred a net
loss of $5,640,000 for the month of October 2007.

As of Oct. 31, 2007, the Debtors' balance sheet showed
$178,698,000 in total assets, $346,219,000 in total liabilities,
and $167,521,000 in total stockholders' deficit.

A full-text copy of the Debtors' monthly operating report for
October 2007 is available for free at:

                http://ResearchArchives.com/t/s?26a3

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 in this
case.  When the Debtors filed for protection from its creditors,
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.


NETBANK INC: Submits Operating Report for November 1-30, 2007
-------------------------------------------------------------
NetBank Inc. filed with the U.S. Bankruptcy Court for the Middle
District of Florida its monthly operating report, as required by
the Bankruptcy Code, for the period from Nov. 1, 2007, to Nov. 30,
2007, disclosing:

   Funds at the Beginning of the Period              $5,229,865
   Total Receipts                                        28,191
   Total Disbursements                                   54,897
   Ending Balance                                    $5,203,160

A full-text copy of the company's monthly operating report is
available at no cost at http://ResearchArchives.com/t/s?26a1

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.


NEUMANN HOMES: Submits Schedules of Assets and Liabilities
----------------------------------------------------------
Neumann Homes Inc. and its debtor-affiliates submitted to the
United States Bankruptcy Court for the Northern District of
Illinois their schedules of assets and liabilities, disclosing:

A.    Real Property
       Residential real estate:
       Joliet, Illinois                           14,805,149
       Graysake, Illinois                          5,853,984
       Hanover Park, Illinois                      5,035,735
       Sugar Grove (Diehl&N.Trust)                15,527,353
       Oswego, Illinois                            9,131,439
       Sturtevant, Wisconsin                       2,826,394
       Antioch, Illinois                          26,098,384
       KACO                                       16,957,530
       Kenosha, Wisconsin                          2,365,458
       Kenosha, Wisconsin                          7,925,581
       Plainfield, Illinois                        1,678,279
       Minooka, Illinois                           1,577,007
       Naperville, Illinois                        2,035,999
       Aurora, Colorado                           13,775,123
       Parker, Colorado                           12,768,187
       North Aurora, Illinois                        305,229
       Antioch Illinois                            5,604,032
       Westminster, Colorado                       2,175,382
       Gilberts, Illinois                         27,069,282
       Mason                                       6,002,291
       Aurora, Illinois                              978,413
       Lakemoor, Illinois                          1,681,746
       Firestone, Colorado                         2,318,967
       Joliet, Illinois                            2,318,050
       Wonder Lake, Illinois                       9,375,070
B.    Personal Property
B.1   Cash on Hand                                         0
B.2   Financial Accounts
       First Midwest Operating                       128,062
       Funding                                        11,438
       Townhome                                       25,245
       Meadow of West Bay                                 21
       Customer Earnest Money                        802,964
       Restricted Cash at CTT                      3,083,561
       Restricted Cash                               265,097
       Restricted Cash -- W/C Escrow                   9,730
       Restricted Cash -- Denver EM ESCROW           360,318
B.3   Security Deposits                                    0
B.4   Household Goods and Furnishings                      0
B.5   Books, pictures & other art objects                  0
B.6   Wearing apparel                                      0
B.7   Furs and jewelry                                     0
B.8   Firearms, sports & other hobby equipment             0
B.9   Interests in insurance policies                      0
B.10  Annuities                                            0
B.11  Interests in education IRA                           0
B.12  Interest in pension, profit sharing plan             0
B.13  Stock & Interests                         Undetermined
B.14  Interests in partnerships, joint ventures            0
B.15  Gov't. & corporate bonds, etc.                       0
B.16  Accounts Receivable
       General receivables                           156,238
       Miscellaneous due to/from                   5,667,792
       Intercompany -- NCD Fabrications            4,704,681
       Intercompany -- Neumann Homes of Michigan  69,859,592
       Communities                                   424,498
       CT&T                                           15,080
       Notes                                         220,395
       Homeowners                                     59,788
       Village bonds                                 871,064
       Wonderlake                                    924,612
       AN/NH Well Costs                            2,772,011
B.17  Alimony & property settlements                       0
B.18  Liquidated debts owed to debtor                      0
B.19  Other equitable interests                            0
B.20  Investment in deferred compensation                  0
B.21  Derivative asset                                     0
B.22  Intellectual property                                0
B.23  Licenses, franchises and others                      0
B.24  Customer list                                        0
B.25  Vehicles & accessories
       Motor vehicles, net                             9,522
B.26  Boats, motors & accessories                          0
B.27  Aircraft & accessories                               0
B.28  Office equipment, furnishings, supplies
       Furniture/Fixtures/Equipment, net             416,096
       Leasehold improvements, net                   185,872
       Computer equipment, net                       147,636
B.29  Machinery, Fixtures, Supplies                        0
B.30  Inventory                                            0
B.31  Animals                                              0
B.32  Crops                                                0
B.33  Farming equipment & implements                       0
B.34  Farm supplies, chemicals & feed                      0
B.35  Other personal property
       Earnest money - Pending Prop                  510,000
       Land Deposits                               2,000,000
       Prepaid deposits - general                     29,080
       Prepaid community fees                        566,365
       Prepaid interest/fees                         852,946
       Prepaid insurance                             352,992
       Builder homesite -- investment                127,621

      TOTAL SCHEDULED ASSETS                    $291,750,381
      ======================================================

C.    Property Claimed as Exempt              Not applicable

D.    Creditors Holding Secured Claims
       Airy's Inc.                                   $97,609
       Allen Contract Carpet                          21,241
       Alliance Contractors, Inc.                     35,789
       Alpine Insulation                              33,235
       Amron Stair Works, Inc.                        66,257
       Another Olumbing Co., LLC                     180,314
       Arthur J. Gallagher                            22,379
       Aurora Blacktop, Inc.                          29,545
       Autumn Landscaping Inc.                        40,163
       Avenue                                         44,559
       Bank of America                            27,717,964
       Bank of America LOC                         4,960,000
       Benchmark Overhead Door                        28,465
       Bestler Corp.                                  59,060
       Biehn Construction, Inc.                        6,665
       BMC Millwork                                   40,767
       Classic Landscape Ltd.                         53,531
       Cole Taylor                                14,437,103
       Crystal Sewer & Water Inc.                     31,300
       Custom Drywall Services Inc.                   45,808
       D Construction                                 31,525
       D.E. Thompson Excavating Co.                   33,690
       Drywall Systems                               219,075
       Elite Concrete Service, LLC                    75,433
       Elmund & Nelson Company                        37,113
       First Midwest                               4,321,972
       GMAC RFC                                   19,529,881
       Guaranty Bank                              33,337,164
       Indymac Bank                               29,080,216
       J & E Nursery                                 153,555
       J & J Brothers Const                          133,013
       J & L Concrete Inc.                           511,466
       J N J Drywall & Painting Inc.                  40,109
       J.B. Concrete Contr., Inc.                     58,981
       Keystone Mechanical                           374,928
       Lake County Grading Co.                       710,754
       Landscape Concepts                            220,739
       Material Steel Services, Inc.                  92,006
       Maverick Pools, Inc.                           89,650
       Merryman Excavation, Inc.                     990,062
       Mesch Masonry                                 100,543
       Neutown Metropolitan District                 102,130
       Nuline Technologies                           263,477
       Payne & Dolan Inc.                            363,123
       Plaza Excavating Contractors                  196,533
       Plote construction                            157,632
       RBC                                         6,853,033
       Republic Windows & Doors, LLC                 199,704
       RES-Comm Roofing Inc.                         190,681
       Rite-Way Tile & Carpet Co. Inc.               119,198
       Robert L. Hummel Construction                  90,365
       Others                                      4,442,952

E.    Creditors Holding Unsecured Priority Claims
       Arapahoe County Treasurer                     151,337
       Douglas County Treasurer                      150,475
       Kenosha County Treasurer                      105,514
       Lake County Collector                         996,079
       McHenry County Collector                      117,715
       Others                                        188,711

F.    Creditors Holding Unsecured Non-Priority Claims
       Bond Safeguard Insurance Company            4,328,604
       Brownstein Hyatt                               96,314
       Carolina Casualty Insurance Company        10,991,757
       Chicago Title                               5,976,316
       Commonwealth Edison                            67,968
       Fidelity deposit Company of Maryland       20,391,642
       Lexon Insurance Company                     7,935,953
       Others                                     84,337,760

       TOTAL SCHEDULED LIABILITIES              $286,908,602
       =====================================================

Headquartered in Warrenville, Illinois, Neumann Homes Inc. --
http://www.neumannhomes.com/-- develops and builds residential
real estate throughout the Midwest and West US.  The company is
active in the Chicago area, southeastern Wisconsin, Colorado, and
Michigan.  The company have built more than 11,000 homes in some
150 residential communities.  The company offer formal business
training to employees through classes, seminars, and computer-
based training.

The company filed for Chapter 11 protection on Nov. 1, 2007
(Bankr. N.D. Ill. Case No. 07-20412).  George Panagakis, Esq., at
Skadded, Arps, Slate, Meagher & Flom L.L.P., was selected by the
Debtors to represent them in these cases.  The Official Committee
of Unsecured Creditors has selected Paul, Hastings, Janofsky &
Walker LLP, as its counsel in these bankruptcy proceeding.  When
the Debtors filed for protection against its creditors, they
listed assets and debts of more than $100 million.  The Debtors'
exclusive plan filing period expires on Feb. 29, 2008.  (Neumann
Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Services Inc.
http://bankrupt.com/newsstand/or 215/945-7000).


NEWPOWER HOLDINGS: Files Operating Report for Sept. 30 to Oct. 31
-----------------------------------------------------------------
NewPower Holdings Inc. and its debtor-affiliates filed its monthly
operating report for the period from Sept. 30, 2007, to Oct. 31,
2007, with the U.S. Bankruptcy Court for the Northern District of
Georgia, Newnan Division.

The Debtors reported an opening cash balance of $1,662,000 and a
closing cash balance of $1,588,000.

A full-text copy of NewPower Holdings Inc. and its debtor-
affiliates' monthly operating report for the period from Sept. 30,
2007, to Oct. 31, 2007, is available at no charge at

               http://ResearchArchives.com/t/s?26a4

NewPower Holdings Inc. (Pink Sheets: NWPWQ) and its debtor-
affiliates filed for chapter 11 protection on June 11, 2002
(Bankr. N.D. Ga. 02-10836). Paul K. Ferdinands, Esq., at King &
Spalding and William M. Goldman, Esq., at Sidley Austin Brown &
Wood LLP represent the Debtors.  When the Debtors filed for
chapter 11 protection, they reported $231,837,000 in assets and
$87,936,000 in debts.

On Aug. 15, 2003, the U.S. Bankruptcy Court for the Northern
District of Georgia, Newnan Division, confirmed the Second Amended
Chapter 11 Plan with respect to NewPower Holdings, Inc., and TNPC
Holdings, Inc., a wholly owned subsidiary.  That Plan became
effective on Oct. 9, 2003, with respect to the company and TNPC.

On Feb. 28, 2003, the Bankruptcy Court confirmed The New
Power Company's Plan, and that Plan has been effective as of
March 11, 2003 with respect to New Power.  The New Power Company
is a wholly owned subsidiary of the company.


REFCO LLC: Chapter 7 Trustee Files October 2007 Monthly Report
--------------------------------------------------------------
Albert Togut, the Chapter 7 trustee overseeing the liquidation of
Refco, LLC's estate, filed with the Court a monthly statement of
cash receipts and disbursements for the period from Oct. 1 to
31, 2007.

The Chapter 7 Trustee reports that Refco LLC's beginning balance
as of October 1 totals $86,934,000.  The Debtor's beginning
purchase price account balance totals $2,561,000, while its
beginning capital account "A" balance aggregates $84,373,000.

The purchase price account includes activity related to Man
Financial, Inc. sale proceeds and related disbursements.  Capital
account "A" includes activities related to collection of excess
capital.

During the Reporting Period, Refco LLC received $61,000, and and
disbursed $660,000.  The Debtor held $86,335,000 at the end of
the period.

The Chapter 7 Trustee says the Monthly Statement is filed in lieu
of comprehensive financial statements.

A full-text copy of Refco LLC's October 2007 Monthly Statement is
available for free at http://ResearchArchives.com/t/s?26a5

Headquartered in New York, Refco Inc. -- http://www.refco.com/--
is a diversified financial services organization with operations
in 14 countries and an extensive global institutional and retail
client base.  Refco's worldwide subsidiaries are members of
principal U.S. and international exchanges, and are among the most
active members of futures exchanges in Chicago, New York, London
and Singapore.  In addition to its futures brokerage activities,
Refco is a major broker of cash market products, including foreign
exchange, foreign exchange options, government securities,
domestic and international equities, emerging market debt, and OTC
financial and commodity products.  Refco is one of the largest
global clearing firms for derivatives.

The company and 23 of its affiliates filed for chapter 11
protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006).
J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts.  Luc
A. Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP,
represents the Official Committee of Unsecured Creditors.  Refco
reported $16.5 billion in assets and $16.8 billion in debts
to the Bankruptcy Court on the first day of its chapter 11
cases.

The Court confirmed the Modified Joint Chapter 11 Plan of
Refco Inc. and certain of its Direct and Indirect Subsidiaries,
including Refco Capital Markets, Ltd., and Refco F/X Associates,
LLC, on Dec. 15, 2006.  That Plan became effective on Dec. 26,
2006.

(Refco Bankruptcy News, Issue No. 74; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000).


SCO GROUP: Earns $1,081,019 for the Month Ended November 30
-----------------------------------------------------------
The SCO Group Inc. and SCO Operations Inc. submitted to the United
States Bankruptcy Court for the District of Delaware their monthly
operating report for Nov. 1 to 30, 2007, disclosing:

   Cash Beginning of the Month                   $6,220,759
   Total Receipts                                 1,326,474
   Total Disbursements                            1,568,126
   Net Cash Flow                                  ($241,652)
   Cash End of the Month                         $5,979,107

The Debtors generated $1,545,293 in net revenues and earned
$1,081,019 for the period Nov. 1, 2007, through Nov. 30, 2007.

As of Nov. 30, 2007, the Debtors had $15,352,617 in total assets,
$6,602,271 in postpetition liabilities, $2,244,172 in prepetition
liabilities, and $6,506,174 in total net owners' equity.

                        About The SCO Group

Headquartered in Lindon, Utah, The SCO Group Inc. (Nasdaq: SCOX)
fka Caldera International Inc. -- http://www.sco.com/-- provides
software technology for distributed, embedded and network-based
systems, offering SCO OpenServer for small to medium business and
UnixWare for enterprise applications and digital network services.

The company and its affiliate, SCO Operations Inc., filed for
Chapter 11 protection on Sept. 14, 2007, (Bankr. D. Del. Lead Case
No. 07-11337).  Epiq Bankruptcy Solutions LLC, acts as the
Debtors' claims and noticing agent.  The United States Trustee
failed to form an Official Committee of Unsecured Creditors in
these cases due to insufficient response from creditors.  The
Debtors' exclusive period to file a chapter 11 plan expires on
March 12, 2008.  The Debtors' schedules of assets and liabilities
showed total assets of $9,549,519 and total liabilities of
$3,018,489.


VESTA INSURANCE: Florida Select Files Report for November 2007
--------------------------------------------------------------
Florida Select Insurance Agency, Inc., a debtor-affiliate of Vesta
Insurance Group Inc., delivered to the U.S. Bankruptcy Court for
the Northern District of Alabama its monthly operating report for
the period ending Nov. 30, 2007.

                  Florida Select Insurance Agency
                         Income Statement
                   Month Ended November 30, 2007

Revenue from Total Sales                                     $0
Less:
   Cost of Sales                                              0
                                                   ------------
Gross Profit                                                  0

Less:
   Operating Expenses                                   154,059
                                                   ------------
Net Profit Operations                                 ($154,059)


Non-Operating Income (Expenses)
   Interest Earned                                       10,666
   Miscellaneous Income                                       0
                                                  -------------
Net Profit (Loss)                                     ($143,393)
                                                   ============

                  Florida Select Insurance Agency
           Schedule of Cash Receipts and Disbursements
                  Month Ended November 30, 2007

Cash On Hand (Beginning)                             $2,872,023

Cash Receipts:
   Management Fees                                            0
   Loan Proceeds                                              0
   Sale of Property                                           0
   Interest Earned                                       10,666
   Miscellaneous Income                                       0
                                                   ------------
Total Receipts                                           10,670

Cash Disbursements:
   Business Disbursements Form BA-02(B)                 154,059
                                                   ------------
   Surplus Or Deficit                                  (143,389)
                                                   ------------
   Cash on Hand (End)                                $2,728,634
                                                   ============

Headquartered in Birmingham, Alabama, Vesta Insurance Group, Inc.
(Other OTC: VTAI.PK) -- http://www.vesta.com/-- is a holding
company for a group of insurance companies that primarily offer
property insurance in targeted states.

Wyatt R. Haskell, Luther S. Pate, UV, and Costa Brava Partnership
III, L.P., filed an involuntary chapter 7 petition against the
company on July 18, 2006 (Bankr. N.D. Ala. Case No. 06-02517).
The case was converted to a voluntary chapter 11 case on Aug. 8,
2006 (Bankr. N.D. Ala. Case No. 06-02517).  Eric W. Anderson,
Esq., at Parker Hudson Rainer & Dobbs, LLP, represents the Debtor.
R. Scott Williams, Esq., at Haskell Slaughter Young & Rediker,
LLC, represents the petitioning creditors.  In its schedules of
assets and liabilities, Vesta listed $14,919,938 in total assets
and $214,278,847 in total liabilities.

J. Gordon Gaines Inc. is a Vesta Insurance-owned unit that
manages the company's numerous insurance subsidiaries and employs
the headquarters workers.  The company filed for chapter 11
protection on Aug. 7, 2006 (Bankr. N.D. Ala. Case No. 06-02808).
Eric W. Anderson, Esq., at Parker Hudson Rainer & Dobbs, LLP,
represent the Debtor in its restructuring efforts.   In its
schedules of assets and liabilities, Gaines listed $19,818,094 in
total assets and $16,046,237 in total liabilities.

On Aug. 1, 2006, the District Court of Travis County, Texas
entered an order appointing the Texas Commissioner of Insurance
as Liquidator of Vesta Insurance's Texas-domiciled subsidiaries:
Vesta Fire Insurance Corporation; The Shelby Insurance Company;
Shelby Casualty Insurance Corporation; Texas Select Lloyds
Insurance Company; and Select Insurance Services, Inc.

On Oct. 11, 2006, both Vesta and Gaines filed separate Plans of
Liquidation and Disclosure Statements.  They filed an amended Plan
on Nov. 7, 2006, and a Second Amended Plan on Nov. 10, 2006.  The
Court approved the Disclosure Statements of Vesta and Gaines on
Nov. 10, 2006.  On Dec. 22, 2006, the Court confirmed the Third
Amended Plans of Vesta and Gaines.

Florida Select Insurance Agency Inc., an affiliate, filed for
chapter 11 protection on April 24, 2007 (Bankr. N.D. Ala. Case No.
07-01849).  Rufus Dorsey, IV, Esq., at Parker Hudson Rainer &
Dobbs LLP, represents Florida Select.  FSIA's exclusive period to
file a plan of reorganization expired Dec. 20, 2007.  (Vesta
Bankruptcy News, Issue No. 30; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)


VESTA INSURANCE: Gordon Gaines Files Report for November 2007
-------------------------------------------------------------
J. Gordon Gaines Inc., a debtor-affiliate of Vesta Insurance Group
Inc., delivered to the U.S. Bankruptcy Court for the Northern
District of Alabama its monthly operating report for the period
ending Nov. 30, 2007.

                       J. Gordon Gaines Inc.
                         Income Statement
                   Month Ended November 30, 2007

Revenue from Total Sales                                     $0
Less:
   Cost of Sales                                              0
                                                   ------------
Gross Profit                                                  0

Less:
   Operating Expenses                                   407,529
                                                   ------------
Net Profit Operations                                  (407,529)

Non-Operating Income (Expenses)
   Interest Earned                                        2,314
   State Tax Refunds                                          0
   Non-operational income                                14,131
   Sale of Property                                           0
   Stale Dated Checks Written Off                             0
   Miscellaneous Income                                       0
                                                   ------------
Net Profit (Loss)                                     ($391,084)
                                                   ============

                       J. Gordon Gaines Inc.
            Schedule of Cash Receipts and Disbursements
                   Month Ended November 30, 2007

Cash On Hand (Beginning)                               $705,201

Cash Receipts:
   Accounts Receivable                                        0
   Management Fees                                            0
   Loan Proceeds                                              0
   Sale of Property                                           0
   Interest Earned                                        2,314
   State Tax Refunds
   Non-operational Income                                14,131
   Funding by Texas Receiver                                  0
   Funding under post confirmation                       97,785
   Intercompany insurance operations                          0
   Miscellaneous Income                                       0
                                                   ------------
Total Receipts                                          114,230

Cash Disbursements:
   Business Disbursements Form BA-02(B)                 520,314
                                                   ------------
   Surplus Or Deficit                                  (406,084)
                                                   ------------
   Cash on Hand (End)                                  $299,117
                                                   ============

Headquartered in Birmingham, Alabama, Vesta Insurance Group, Inc.
(Other OTC: VTAI.PK) -- http://www.vesta.com/-- is a holding
company for a group of insurance companies that primarily offer
property insurance in targeted states.

Wyatt R. Haskell, Luther S. Pate, UV, and Costa Brava Partnership
III, L.P., filed an involuntary chapter 7 petition against the
company on July 18, 2006 (Bankr. N.D. Ala. Case No. 06-02517).
The case was converted to a voluntary chapter 11 case on Aug. 8,
2006 (Bankr. N.D. Ala. Case No. 06-02517).  Eric W. Anderson,
Esq., at Parker Hudson Rainer & Dobbs, LLP, represents the Debtor.
R. Scott Williams, Esq., at Haskell Slaughter Young & Rediker,
LLC, represents the petitioning creditors.  In its schedules of
assets and liabilities, Vesta listed $14,919,938 in total assets
and $214,278,847 in total liabilities.

J. Gordon Gaines Inc. is a Vesta Insurance-owned unit that
manages the company's numerous insurance subsidiaries and employs
the headquarters workers.  The company filed for chapter 11
protection on Aug. 7, 2006 (Bankr. N.D. Ala. Case No. 06-02808).
Eric W. Anderson, Esq., at Parker Hudson Rainer & Dobbs, LLP,
represent the Debtor in its restructuring efforts.   In its
schedules of assets and liabilities, Gaines listed $19,818,094 in
total assets and $16,046,237 in total liabilities.

On Aug. 1, 2006, the District Court of Travis County, Texas
entered an order appointing the Texas Commissioner of Insurance
as Liquidator of Vesta Insurance's Texas-domiciled subsidiaries:
Vesta Fire Insurance Corporation; The Shelby Insurance Company;
Shelby Casualty Insurance Corporation; Texas Select Lloyds
Insurance Company; and Select Insurance Services, Inc.

On Oct. 11, 2006, both Vesta and Gaines filed separate Plans of
Liquidation and Disclosure Statements.  They filed an amended Plan
on Nov. 7, 2006, and a Second Amended Plan on Nov. 10, 2006.  The
Court approved the Disclosure Statements of Vesta and Gaines on
Nov. 10, 2006.  On Dec. 22, 2006, the Court confirmed the Third
Amended Plans of Vesta and Gaines.

Florida Select Insurance Agency Inc., an affiliate, filed for
chapter 11 protection on April 24, 2007 (Bankr. N.D. Ala. Case No.
07-01849).  Rufus Dorsey, IV, Esq., at Parker Hudson Rainer &
Dobbs LLP, represents Florida Select.  FSIA's exclusive period to
file a plan of reorganization expired Dec. 20, 2007.  (Vesta
Bankruptcy News, Issue No. 30; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)

                             *********

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

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

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

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

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

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

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

                             *********

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

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

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

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
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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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