TCR_Public/080126.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, January 26, 2008, Vol. 12, No. 22

                             Headlines



CALPINE CORP: Incurs $220,000,000 Net Loss in Month Ended Nov. 30
DELPHI CORP: Amends Schedule F to Reflect $120 Million Claims
FEDERAL-MOGUL: Earns $8 Million in Month Ended November 30, 2007
GLOBAL HOME: Incurs $4,145,000 Net Loss in Month Ended December 31
JAYS FOODS: Files December 2007 Monthly Operating Report

JAYS FOODS: Select Snacks Files December 2007 Operating Report
LIONEL LLC: Earns $831,000 for the Month Ended Dec. 30, 2007
NETBANK INC: Submits Operating Report for December 1-30, 2007
NEUMANN HOMES: Delivers December 2007 Monthly Operating Report
PERFORMANCE TRANS: Automotive Files Schedules of Assets and Debts

PERFORMANCE TRANS: E. and L. Files Schedules of Assets and Debts
PERFORMANCE TRANS: Fla. Leasco Files Schedules of Assets & Debts
PERFORMANCE TRANS: Hadley Auto Files Schedules of Assets and Debts
PERFORMANCE TRANS: HFS Files Schedules of Assets and Debts
PERFORMANCE TRANS: LAC Holding Files Schedules of Assets and Debts

PERFORMANCE TRANS: Logistics Files Schedules of Assets and Debts
PERFORMANCE TRANS: PLG Inc. Files Schedules of Assets and Debts
PERFORMANCE TRANS: Trans. Files Schedules of Assets and Debts
PERFORMANCE TRANS: Vehicle Files Schedules of Assets and Debts
REFCO LLC: Chapter 7 Trustee Files November 2007 Operating Report



                             *********

CALPINE CORP: Incurs $220,000,000 Net Loss in Month Ended Nov. 30
-----------------------------------------------------------------

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

                              ASSETS

Current assets:
   Cash and cash equivalents                    $1,847,000,000
   Accounts receivable, net                        870,000,000
   Inventories                                     145,000,000
   Margin deposits and other prepaid expense       477,000,000
   Restricted cash, current                        408,000,000
   Current derivative assets                       235,000,000
   Assets held for sale                            195,000,000
   Other current assets                             54,000,000
                                               ---------------
Total current assets                             4,231,000,000

Property, plant and equipment, net              12,384,000,000
Restricted cash, net of current portion            156,000,000
Investments                                        252,000,000
Long-term derivative assets                        220,000,000
Other assets                                       969,000,000
                                               ---------------
Total assets                                   $18,212,000,000
                                               ===============

               LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities:
   Accounts payable                               $657,000,000
   Accrued interest payable                        267,000,000
   Debt, current                                 4,879,000,000
   Current derivative liabilities                  269,000,000
   Income taxes                                     39,000,000
   Other current liabilities                       446,000,000
                                               ---------------
Total current liabilities                        6,557,000,000

Debt, net of current portion                     3,117,000,000
Deferred income taxes, net of current portion      668,000,000
Long-term derivative liabilities                   419,000,000
Long-term liabilities                              263,000,000
                                                --------------
Total liabilities not subject to compromise     11,024,000,000
Liabilities subject to compromise               11,859,000,000

Minority interests                                   4,000,000

Stockholders' equity (deficit):
   Common stock                                      1,000,000
   Additional paid-in capital                    3,270,000,000
   Additional paid-in capital, loaned shares         7,000,000
   Additional paid-in capital, returnable shares    (7,000,000)
   Accumulated deficit                          (7,827,000,000)
   Accumulated other comprehensive loss           (119,000,000)
                                               ---------------
Total stockholders' deficit                     (4,675,000,000)

Total liabilities and stockholders' deficit    $18,212,000,000
                                               ===============

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

Revenue:
   Electricity and steam revenue                  $428,000,000
   Sales of purchased power and gas
      for hedging and optimization                 155,000,000
   Mark-to-market activities, net                   (3,000,000)
   Other revenue                                     3,000,000
                                                 -------------
Total revenue                                      583,000,000

Cost of revenue:
   Plant operating expense                          71,000,000
   Purchased power and gas expense
      for hedging and optimization                 113,000,000
   Fuel expense                                    309,000,000
   Depreciation & amortization expense              39,000,000
   Operating lease expense                           4,000,000
   Other cost of revenue                            12,000,000
                                                 -------------
Total cost of revenue                              548,000,000

Gross profit (loss)                                 35,000,000
Sales, general and administrative expense            8,000,000
Other operating expenses                             2,000,000
                                                 -------------
Income (loss) from operations                       25,000,000
Interest expense                                   118,000,000
Interest (income)                                   (6,000,000)
Other (income) expense, net                        (18,000,000)
                                                 -------------

Income (loss) before reorganization items
     & provision (benefit) for income taxes        (69,000,000)
Reorganization items                               144,000,000
                                                 -------------

Income (loss) before provision
    (benefit) for income taxes                    (213,000,000)
Provision (benefit) for income taxes                 7,000,000
                                                 -------------
Net income (loss)                                ($220,000,000)
                                                 =============

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

The company and its affiliates filed for chapter 11 protection on
Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard
M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq.,
Kirkland & Ellis LLP, represents the Debtors in their
restructuring efforts.  Michael S. Stamer, Esq., at Akin Gump
Strauss Hauer & Feld LLP, represents the Official Committee of
Unsecured Creditors.  As of Nov. 31, 2007, the Debtors disclosed
total assets of $18,212,000,000, total liabilities not subject to
compromise of $11,024,000,000, total liabilities subject to
compromise of $11,859,000,000 and stockholders' deficit of
$4,675,000,000.

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

On June 20, 2007, the Debtors filed their Chapter 11 Plan and
Disclosure Statement.  On Aug. 27, 2007, the Debtors filed their
Amended Plan and Disclosure Statement.  Calpine filed a Second
Amended Plan on Sept. 19, 2007 and on Sept. 24, 2007, filed a
Third Amended Plan.  On Sept. 25, 2007, the Court approved the
adequacy of the Debtors' Disclosure Statement and entered a
written order on September 26.  On Dec. 19, 2007, the Court
confirmed the Debtors' Plan.

(Calpine Bankruptcy News, Issue No. 79; Bankruptcy Creditors'
Service Inc.; http://bankrupt.com/newsstand/or 215/945-7000).

                          *     *     *

As reported in the Troubled Company Reporter on Jan. 11, 2008,
Moody's Investors Service assigned a B2 Corporate Family Rating
and a B2 Probability of Default Rating to Calpine Corporation in
conjunction with the company's plan to exit bankruptcy in early
2008.  Moody's also assigned B2 to the company's $7.3 billion
senior secured term loan and revolving credit facility, the
majority of which will be used as the company's primary exit
financing to help satisfy approximately $8.2 billion of secured
and other claims to be settled in cash, as well as to pay other
related expenses.  The rating outlook for Calpine is stable.


DELPHI CORP: Amends Schedule F to Reflect $120 Million Claims
-------------------------------------------------------------
Delphi Corp. has amended Schedule F of its Schedules of Assets
and Liabilities to reflect liabilities aggregating $120,304,772
on account of unsecured nonpriority claims.

The unsecured nonpriority claims were filed in connection with
the Delphi Supplemental Executive Retirement Program.

The unsecured nonpriority claimholders include:

     Creditor                     Claim Amount
     --------                     ------------
     Albrecht, George B.           $1,439,976
     Battenberg, III J. T.         21,959,868
     Campbell, Ray C.               2,659,593
     Chestnut, James D.             1,197,125
     Crouse, James L.               1,101,532
     Cunningham, Jr. Charles R.     1,053,744
     Ebbert, William A.             2,529,342
     Heilman, David R.              2,551,128
     Helm, Wesley D.                  938,944
     Herren, William R.             1,356,968
     Hollasch, Kurt D.              1,135,197
     Holmes, John R.                1,029,067
     Jones, Guy S.                    987,738
     Kesler, Larry D.               1,197,634
     Knobelspiesse, Ernest A.       1,367,019
     Meier, Charles R.                909,331
     Ondrick, Charles W.              949,921
     Rausch, Carl G.                1,267,847
     Robinson, John H.              1,008,159
     Runkle, Donald L.              9,683,853
     Sloan, Jr. George B.           1,646,483
     Thorns, Jr. Odail              1,695,045
     Tosch, Paul J.                 4,118,745
     Warren, William S.             1,720,990
     Wingeier, Kenneth G.             943,354
     Zeilinger, Robert J.             923,589

A full-text copy of the amended Schedule F is available for free
at: http://bankrupt.com/misc/Delphi_SAL_SchedF_01-17-08.pdf

Headquartered in Troy, Michigan, Delphi Corporation (PINKSHEETS:
DPHIQ) -- http://www.delphi.com/-- is the single supplier of
vehicle electronics, transportation components, integrated systems
and modules, and other electronic technology.  The company's
technology and products are present in more than 75 million
vehicles on the road worldwide.  Delphi has regional headquarters
in Japan, Brazil and France.

The company filed for chapter 11 protection on Oct. 8, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-44481).  John Wm. Butler Jr.,
Esq., John K. Lyons, Esq., and Ron E. Meisler, Esq., at Skadden,
Arps, Slate, Meagher & Flom LLP, represent the Debtors in their
restructuring efforts.  Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., and Mark A. Broude, Esq., at Latham & Watkins LLP,
represents the Official Committee of Unsecured Creditors.  As of
March 31, 2007, the Debtors' balance sheet showed $11,446,000,000
in total assets and $23,851,000,000 in total debts.

The Court approved Delphi's First Amended Joint Disclosure
Statement and related solicitation procedures for the solicitation
of votes on the First Amended Plan on Dec. 20, 2007.  Confirmation
hearing on that Plan started on Jan. 17, 2008.

(Delphi Bankruptcy News, Issue No. 108; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000)


FEDERAL-MOGUL: Earns $8 Million in Month Ended November 30, 2007
----------------------------------------------------------------

                Federal-Mogul Global, Inc., et al.
                     Unaudited Balance Sheet
                     As of November 30, 2007
                          (In millions)

                              Assets

Cash and equivalents                                      $78.2
Accounts receivable                                       605.2
Inventories                                               394.8
Deferred taxes                                            194.7
Prepaid expenses and other current assets                 115.0
                                                       --------
Total current assets                                    1,387.9

Summary of Unpaid Postpetition Debits                      37.8
Intercompany Loans Receivable (Payable)                 1,767.3
                                                       --------
Intercompany Balances                                   1,805.1

Property, plant and equipment                             744.5
Goodwill                                                  931.0
Other intangible assets                                   340.2
Insurance recoverable                                     903.3
Other non-current assets                                1,274.4
                                                       --------
Total Assets                                           $7,386.4
                                                       ========

               Liabilities and Shareholders' Equity

Short-term debt                                          $822.0
Accounts payable                                          227.4
Accrued compensation                                       66.3
Restructuring and rationalization reserves                  8.1
Current portion of asbestos liability                         -
Interest payable                                            3.9
Other accrued liabilities                                 956.0
                                                       --------
Total current liabilities                               2,083.7

Long-term debt                                                -
Post-employment benefits                                  688.3
Other accrued liabilities                                 593.6
Liabilities subject to compromise                       5,462.0

Shareholders' equity:
   Preferred stock                                      1,050.6
   Common stock                                           662.1
   Additional paid-in capital                           8,001.4
   Accumulated deficit                                (11,432.4)
   Accumulated other comprehensive income                 277.1
   Other                                                      -
                                                       --------
Total Shareholders' Equity                             (1,441.1)
                                                       --------
Total Liabilities and Shareholders' Equity             $7,386.4
                                                       ========


                Federal-Mogul Global, Inc., et al.
                Unaudited Statement of Operations
              For the Month Ended November 30, 2007
                          (In millions)

Net sales                                                $253.0
Cost of products sold                                     213.9
                                                       --------
Gross margin                                               39.1

Selling, general & administrative expenses                (29.5)
Amortization                                               (1.2)
Reorganization items                                       (5.9)
Interest income (expense), net                            (14.5)
Other income (expense), net                                20.3
                                                       --------
Earnings before Income Taxes                                8.3

Income Tax (Expense) Benefit                               (0.3)
                                                       --------
Earnings before cumulative effect of change
   in accounting principle                                  8.0
                                                       --------
Net Earnings (loss)                                        $8.0
                                                       ========


                Federal-Mogul Global, Inc., et al.
                Unaudited Statement of Cash Flows
              For the Month Ended November 30, 2007
                          (In millions)

Cash Provided From (Used By) Operating Activities:
   Net earning (loss)                                      $8.0
Adjustments to reconcile net earnings (loss) to net cash:
   Depreciation and amortization                           11.4
   Adjustment of assets held for sale and
      other long-lived assets to fair value                 0.9
   Asbestos charge                                            -
   Summary of unpaid postpetition debits                      -
   Cumulative effect of change in acctg. principle            -
   Change in post-employment benefits                       0.4
   Decrease (increase) in accounts receivable              11.9
   Decrease (increase) in inventories                      10.8
   Increase (decrease) in accounts payable                (11.1)
   Change in other assets & other liabilities             (49.6)
   Change in restructuring charge                             -
   Refunds (payments) against asbestos liability              -
                                                       --------
Net Cash Provided From Operating Activities               (17.4)

Cash Provided From (Used By) Investing Activities:
   Expenditures for property, plant & equipment            (5.4)
   Proceeds from sale of property, plant & equipment          -
   Proceeds from sale of businesses                           -
   Business acquisitions, net of cash acquired                -
   Other                                                      -
                                                       --------
Net Cash Provided From (Used By) Investing Activities      (5.4)

Cash Provided From (Used By) Financing Activities:
   Increase (decrease) in debt                             32.5
   Sale of accounts receivable under securitization           -
   Dividends                                                  -
   Other                                                    0.6
                                                       --------
Net Cash Provided From Financing Activities                33.1

Increase (Decrease) in Cash and Equivalents                10.3

Cash and equivalents at beginning of period                67.9
                                                       --------
Cash and equivalents at end of period                     $78.2
                                                       ========

Federal-Mogul Corporation -- http://www.federal-mogul.com/--
(OTCBB: FDMLQ) is a global supplier, serving the world's foremost
original equipment manufacturers of automotive, light commercial,
heavy-duty, agricultural, marine, rail, off-road and industrial
vehicles, as well as the worldwide aftermarket.  Founded in
Detroit in 1899, the company is headquartered in Southfield,
Michigan, and employs 45,000 people in 35 countries.  Aside from
the U.S., Federal-Mogul also has operations in other locations
which includes, among others, Mexico, Malaysia, Australia, China,
India, Japan, Korea, and Thailand.

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

On March 7, 2003, the Debtors filed their Joint Chapter 11 Plan.
They submitted a Disclosure Statement explaining that plan on
April 21, 2003.  They submitted several amendments and on June 6,
2004, the Bankruptcy Court approved the Third Amended Disclosure
Statement for their Third Amended Plan.  On July 28, 2004, the
District Court approved the Disclosure Statement.  The estimation
hearing began on June 14, 2005.  The Debtors submitted a Fourth
Amended Plan and Disclosure Statement on Nov. 21, 2006, and the
Bankruptcy Court approved that Disclosure Statement on Feb. 6,
2007.  The Fourth Amended Plan was confirmed by the Bankruptcy
Court on Nov. 8, 2007, and affirmed by the District Court on
Nov. 14.  The Debtors emerged from bankruptcy on Dec. 27, 2007.

(Federal-Mogul Bankruptcy News, Issue No. 159; Bankruptcy
Creditors' Services Inc. http://bankrupt.com/newsstand/or
215/945-7000).

                        *     *     *

As reported in the Troubled Company Reporter on Jan. 10, 2008,
Moody's Investors Service confirmed the ratings of the reorganized
Federal-Mogul Corporation -- Corporate Family Rating, Ba3;
Probability of Default Rating, Ba3; and senior secured bank credit
facilities, Ba2.  The outlook is stable.  The financing for the
company's emergence from Chapter 11 bankruptcy protection has been
funded in line with the structure originally rated by Moody's in a
press release dated Nov. 28, 2007.

As reported in the Troubled Company Reporter on Jan. 7, 2008,
Standard & Poor's Ratings Services assigned its 'BB-' corporate
credit rating to Southfield, Michigan-based Federal-Mogul Corp.
following the company's emergence from Chapter 11 on Dec. 27,
2007.  The outlook is stable.


GLOBAL HOME: Incurs $4,145,000 Net Loss in Month Ended December 31
------------------------------------------------------------------
Global Home Products LLC and its debtor-affiliates delivered to
the U.S. Bankruptcy Court for the District of Delaware directed
their monthly operating report for the period ended Dec. 31, 2007,
disclosing:

   Beginning Cash Balance                  $1,668,000
   Total Receipts                             $19,000
   Total Disbursements                       $195,000
   Ending Cash Balance                     $1,492,000

During the period, the Debtors generated zero revenues and
incurred net loss available for common shareholders of $4,145,000.

As of Dec. 31, 2007, the Debtors' balance sheet showed:

   Total Assets                            $1,948,000
   Total Liabilities                     $365,384,000
   Total Shareholders' Deficit           $363,436,000

Headquartered in Westerville, Ohio, Global Home Products LLC
-- http://www.anchorhocking.com/and http:/www.burnesgroup.com/
-- sells houseware and home products and manufactures high
quality glass products for consumers and the food services
industry.  The company also designs and markets photo frames,
photo albums and related home decor products.  The company and
16 of its affiliates, including Burnes Puerto Rico, Inc., and
Mirro Puerto Rico, Inc., filed for Chapter 11 protection on
April 10, 2006 (Bankr. D. Del. Case No. Lead 06-10340).

Laura Davis Jones, Esq., David Bertenthal, Esq., Bruce Grohsgal,
Esq., and Joshua Fried, Esq, at Pachulski Stang Ziehl & Jones LLP,
represent the Debtors.  Attorneys at Dinsmore & Shohl, LLP, and
Frost Brown Todd LCC are the Debtors' special counsel.  Epiq
Bankruptcy Solutions, LLC acts as the Debtors' claims agent.

Ronald F. Stengel, Conway Del Genio Gries & Co., LLC, is the
Debtors' chief restructuring officer.  Plante & Moran is the
Debtors' 401(k) plan auditors.  PricewaterhouseCoopers LLP and
Deloitte Tax LLP provide tax services.  Houlihan Lokey Howard &
Zukin Capital is the Debtors' investment bankers while Johnson
Associates Inc. is the special compensation advisor

Sharon Levine, Esq., and Bruce Buechler, Esq., at Lowenstein
Sandler PC; and David M. Fournier, Esq., at Pepper Hamilton LLP,
represent the Official Committee of Unsecured Creditors.
Attorneys at Basham, Ringer y Correa, SC is the Committee's
special counsel.  Huron Consulting Services LLC acts as the
Committee's financial advisors.

Jesse H. Austin, III, Esq., at Paul, Hastings, Janofsky & Walker
LLP, and Robert J. Dehney, Esq., at Morris, Nichols, Arsht &
Tunnell LLP, represent Medeleine LLC.  Global Home Products
Investors LLC, Cerberus Partners, LP, and Cerberus Capital
Management, LP, are represented in these bankruptcy proceedings by
Lawrence V. Gelber, Esq., and Sophie S. Kim, Esq., at Schulte Roth
& Zabel LLP; and Adam G. Landis, Esq., and Kerri Mumford, Esq., at
Landis Rath & Cobb LLP.

The Debtors have obtained permission to start soliciting
acceptances to their amended plan of reorganization.


JAYS FOODS: Files December 2007 Monthly Operating Report
--------------------------------------------------------
Jays Foods Inc. submitted to the U.S. Bankruptcy Court for the
Northern District of Illinois its monthly operating report for the
period ended Dec. 31, 2007, disclosing:

     Beginning Balance @ 11/26/07           $332,627
     Receipts:
       Operations                          3,439,509
       Other Receipts                         40,767
       Proceeds from Sale of Assets       25,345,144
     Less: Total Disbursements            27,555,236
     Outstanding Checks                      334,440
     DIP Loan Borrowings/(Repayments)       (489,017)
                                         ------------
     Ending Balance @ 12/31/07            $1,448,235

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 December 2007 Operating Report
--------------------------------------------------------------
Select Snacks Inc., debtor-affiliate of Jays Foods Inc., submitted
to the U.S. Bankruptcy Court for the Northern District of Illinois
its monthly operating report for the period ended Dec. 31, 2007,
disclosing:

     Beginning Balance @ 11/26/07           $245,580
     Receipts:
       Operations                            422,692
     Less: Total Disbursements             1,147,861
     Outstanding Checks                       11,884
     DIP Loan Borrowings/(Repayments)        467,703
                                         ------------
     Ending Balance @ 12/31/07             ($245,580)

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.


LIONEL LLC: Earns $831,000 for the Month Ended Dec. 30, 2007
------------------------------------------------------------
Lionel LLC and its debtor-affiliate, Liontech Company, submitted
to the U.S. Bankruptcy Court for the Southern District of New York
their monthly operating report for the period Nov. 26, 2007,
through Dec. 30, 2007.

For the period ended Dec. 30, 2007, the Debtors generated gross
sales of $8,857,000 and net sales of $8,458,000, after deducting
discounts and returns of $399,000.

The Debtors had a net income of $831,000 for the period ended Dec.
30, 2007.

   Monthly Disbursements                $7,051,000
   Monthly Operating Profit               $831,000

The Debtor's balance sheet as of Dec. 30, 2007, showed:

   Total Assets                        $50,836,000
   Total Current Assets                $36,333,000
   Total Liabilities                   $75,862,000
   Total Current Liabilities           $33,693,000
   Total Stockholders' Deficit         $25,026,000

Headquartered in Chesterfield, Michigan, Lionel LLC --
http://www.lionel.com/-- markets model train products, including
steam and die engines, rolling stock, operating and non-operating
accessories, track, transformers and electronic control devices.

The company and its affiliate, Liontech Company, filed for chapter
11 protection on Nov. 15, 2004 (Bankr. S.D.N.Y. Case Nos.
04-17324 and 04-17324).  Adam C. Harris, Esq., Abbey Walsh, Esq.,
and Adam L. Hirsch, Esq., at Schulte Roth & Zabel LLP; Dale
Cendali, Esq., at O'Melveny & Myers LLP; and Ronald L. Rose, Esq.,
at Dykema Gossett PLLC, represent the Debtors.  Houlihan Lokey
Howard & Zukin Capital LP and Ernst & Young LLP are the Debtors'
financial advisors.  Kurtzman Carson Consultants LLC acts as the
Debtors' noticing and claims agent.  Alan D. Halperin, Esq., and
Robert D. Raicht, Esq., at Halperin Battaglia Raicht LLP,
represent the Official Committee of Unsecured Creditors.  FTI
Consulting Inc., is the Committee's financial advisor.  Alec P.
Ostrow, Esq., in New York, represents Mike's Train House Inc.

The Debtors have asked the Court to extend their exclusive periods
to file a chapter 11 plan until March 31, 2008.


NETBANK INC: Submits Operating Report for December 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 Dec.. 1, 2007, to
Dec. 31, 2007, disclosing:

   Funds at the Beginning of the Period           $5,203,160
   Total Receipts                                  1,307,908
   Total Disbursements                               156,303
   Ending Balance                                 $6,354,764

A full-text copy of the company's monthly operating report is
available at no cost at http://ResearchArchives.com/t/s?275c

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: Delivers December 2007 Monthly Operating Report
--------------------------------------------------------------

                   Neumann Homes, Inc., et al.
                   Receipts and Disbursements
                  Month Ended December 31, 2007

Beginning Balance in All Accounts:
Neumann Citibank Operating Account &
   old BofA Operating Acct                            $236,453
Neumann Bank of America-old accounts                       133
Neumann Citibank-Customer Earnest Money Account        803,464
Neumann Citibank-Funding/Dip Account                   375,042
Restricted -- Neumann Citibank - Glen at
   Lakemoor EM Account                                  25,211
Restricted -- Neumann Citibank - Clublands
   Antioch Clubhouse                                   153,506
Restricted -- IndyMac Escrow Account -
   NeuVillage                                          111,925
Restricted -- Chicago Title Escrow Account
   Closed Homes                                        717,082
Restricted -- Chicago Title Escrow Account
   Lender Funded                                     2,366,479
Restricted -- Citibank
   Worker Comp Escrow                                    9,730
Restricted -- Land Title Guarantee Escrow              393,278
                                                    ----------
                                                    $5,192,303

RECEIPTS:
Operations -- Operating Account                        119,147
Operations -- Customer Earnest Money Account-Ckg             -
Operations -- Customer Earnest Money Account-MM        803,143
Funding/Dip Account                                    786,075
Glen at Lakemoor EM account                                114
Clublands Antioch Clubhouse account                      1,414
Dip Funding -- Professional Account                    575,000
Flex Spending                                            8,964
Other Receipts                                               -
                                                    ----------
                                                     2,293,858

DISBURSEMENTS:
Net Payroll:
   Officers                                            (14,762)
   Others                                             (106,388)
                                                      --------
                                                      (121,150)
Taxes:
   Federal Income Tax Withholding                      (24,801)
   FICA/Medicare Withholdings EE                        (7,266)
   Employer's FICA/Medicare ER                          (7,265)
   Federal Unemployment Taxes ER                           (39)
   State Income Tax Withholding                         (4,760)
   Garnishments                                              -
   State Unemployment Taxes ER                             (66)
                                                    ----------
                                                       (44,196)

Necessary expenses:
   Rent or mortgage payment(s)                         (20,000)
   Utilities & phones                                  (17,833)
   Insurance                                           (52,401)
   Merchandise/services bought for
     manufacture or sale                                (1,235)
   Other:                                                    -
     IT Services                                       (18,083)
     Benefit Related                                   (30,745)
     Bank Fees                                              (9)
     Postage                                              (800)
     Cleaning                                             (600)
     Taxes, Licenses, filing fees                         (614)
     Other - Transfer                               (1,376,388)
     Other - Funding of PFS payroll                     (8,677)
     Transportation                                    (14,935)
     Security                                             (825)
     Miscellaneous - voids                                   -
                                                    ----------
                                                    (1,543,145)

Total Disbursements:                                (1,708,491)
Net Receipts (Disbursements) for
  the current period                                   585,367

Ending Balance in All Accounts                      $5,777,670

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.

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


PERFORMANCE TRANS: Automotive Files Schedules of Assets and Debts
-----------------------------------------------------------------
Automotive Logistics Corp., debtor-affiliate of Performance
Transportation Services Inc., submitted to the U.S. Bankruptcy
Court for the Western District of New York its schedules of assets
and liabilities, disclosing:

A.     Real Property                                         $0

B.13   Stock and Interests                              unknown
B.22   Patents                                          unknown

       TOTAL SCHEDULED ASSETS                                $0
       =========================================================

C.     Property Claimed as Exempt                            $0

D.     Creditors Holding Secured Claims
          Black Diamond Commercial Finance LLC       67,187,616
          Wells Fargo National Association           35,774,315

E.     Creditors Holding Unsecured Priority Claims            0

F.     Creditors Holding Unsecured Non-priority Claims        0

G.     Executory Contracts and Unexpired Leases               0

H.     Codebtors                                              0

       TOTAL SCHEDULED LIABILITIES                 $102,961,931
       =========================================================

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The Court confirmed the Debtors' plan on Dec. 21, 2006,
and that plan became effective on Jan. 29, 2007. Garry M. Graber,
Esq. of Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their retructuring efforts.  It also
disclosed owing more than $100,000,000 to at most 10,000
creditors, including $708,679 to Broadspire and $282,949 to
General Motors of Canada Limited.   Performance Transportation
Services Inc.'s schedules show total assets of $12,533,174 and
total liabilities of $105,481,656.

The company and its debtor-affiliates filed their second Chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos: 07-04746
thru 07-04760).  Tobias S. Keller, Esq., at Jones Day, represents
the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ LLP, serve
as the Debtors' local counsel.  The Debtors' claims & balloting
agent is Kutzman Carson Consultants LLC.  The Debtors exclusive
period to file a plan of reorganization expires on March 18, 2008.

(Performance Bankruptcy News, Issue No. 37; Bankruptcy Creditors'
Services Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


PERFORMANCE TRANS: E. and L. Files Schedules of Assets and Debts
----------------------------------------------------------------
E. and L. Transport LLC, debtor-affiliate of Performance
Transportation Services Inc., submitted to the U.S. Bankruptcy
Court for the Western District of New York its schedules of assets
and liabilities, disclosing:

A.    Real Property                                        $0

B.    Personal Property
B.1   Cash on hand
        Petty cash funds                               38,257
B.3   Security Deposits
        Miscellaneous special deposits                 49,551
B.16  Accounts Receivable
        Customers                                   7,107,721
        Other                                          40,717
        Allowance for doubtful accounts               (68,875)
B.25  Vehicles & accessories
        Trucks, trailers, service vehicles
          and upgrades                              2,597,845
        Accumulated depreciation                     (727,047)
B.28  Office equipment, furnishings, supplies
        Other equipment (office, computer,
          service cars, leasehold improvements)       374,547
        Accumulated depreciation                      (76,820)
B.30  Inventory
        Material & Supplies                           408,747
B.35  Other personal property
        WIP                                           233,322
        Prepaid items                                 555,759
        Unbillable revenue                            299,892

      TOTAL SCHEDULED ASSETS                      $10,833,616
      =======================================================

C.    Property Claimed as Exempt                         None

D.    Creditors Holding Secured Claims
        Black Diamond Commercial Finance LLC       67,197,616
        Wells Fargo National Association           35,774,315
        Bridgestone Firestone North American
          Tire LLC                                    Unknown
        Safeco Credit Company Inc.                    Unknown

E.    Creditors Holding Unsecured Priority Claims
        Employees
           Accrued Health, Welfare and Pension        659,722
           Accrued Vacation & Sick                  1,413,484
           Accrued Wages                            1,359,811
           Payroll Tax                                 12,582
        Indiana Department of Revenue                     626
        Treasurer State of New Jersey                     300
        Indiana Department of Revenue                       9

F.    Creditors Holding Unsecured Nonpriority Claims
        Allied Systems (Canada) Co-Trip Lease         279,438
        Ford Motor Co                                 123,775
        Strategic Protection Group                     83,910
        General Motors of Canada Limited               63,115
        Ohio Turnpike Commission                       58,651
        Autocomm Inc.                                  44,579
        Autoport, LTD                                  39,487
        Allied Systems-Toyota Fuel Surchrg             33,707
        Penske Trk Lsng - Maint                        23,609
        Wackenhut Corporation                          22,472
        Industrial Security Service Inc.               22,112
        SGS Automotive                                 21,632
        Toyota Financial Services 00586059             17,453
        Daniel J. Talarek                              13,449
        Chicago Intl-Fleet Charge #5220                13,153
        Indiana Department of Transportation           12,628
        Tri County International - Fleetcharge#5220    10,913
        Jack Cooper Transportation                      9,729
        Fleet Prider 601024                             9,626
        Chevron                                         7,542
        S & I Stream Cleaning Inc                       6,336
        Fremont Volvo and GMC Trks                      5,747
        DTE Energy #2097 818 0002 1                     5,706
        Cimmins Filtration Inc                          5,496
        Auto Clutch / All Brake                         5,241
        Lamacs, Inc. #ELT054                            4,254
        Others                                        234,046

      TOTAL SCHEDULED LIABILITIES                $107,596,273
      =======================================================

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The Court confirmed the Debtors' plan on Dec. 21, 2006,
and that plan became effective on Jan. 29, 2007. Garry M. Graber,
Esq. of Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their retructuring efforts.  It also
disclosed owing more than $100,000,000 to at most 10,000
creditors, including $708,679 to Broadspire and $282,949 to
General Motors of Canada Limited.   Performance Transportation
Services Inc.'s schedules show total assets of $12,533,174 and
total liabilities of $105,481,656.

The company and its debtor-affiliates filed their second Chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos: 07-04746
thru 07-04760).  Tobias S. Keller, Esq., at Jones Day, represents
the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ LLP, serve
as the Debtors' local counsel.  The Debtors' claims & balloting
agent is Kutzman Carson Consultants LLC.  The Debtors exclusive
period to file a plan of reorganization expires on March 18, 2008.

(Performance Bankruptcy News, Issue No. 37; Bankruptcy Creditors'
Services Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


PERFORMANCE TRANS: Fla. Leasco Files Schedules of Assets & Debts
----------------------------------------------------------------
Florida Leasco Company LLC, debtor-affiliate of Performance
Transportation Services Inc., submitted to the U.S. Bankruptcy
Court for the Western District of New York its schedules of assets
and liabilities, disclosing:

A.    Real Property                                        $0

B.    Personal Property
B.25  Vehicles & accessories
         Tractor, Trailer and Upgrades              5,936,160
         Less Accumulated Depreciation             (1,839,112)

      TOTAL SCHEDULED ASSETS                       $4,097,048
      =======================================================

C.    Property Claimed as Exempt                         None

D.    Creditors Holding Secured Claims
         Black Diamond Commercial Finance LLC      67,197,616
         Wells Fargo National Association          35,774,315

E.    Creditors Holding Unsecured
        Priority Claims                                     0

F.    Creditors Holding Unsecured Nonpriority Claims        0

      TOTAL SCHEDULED LIABILITIES                $102,971,931
      =======================================================

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The Court confirmed the Debtors' plan on Dec. 21, 2006,
and that plan became effective on Jan. 29, 2007. Garry M. Graber,
Esq. of Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their retructuring efforts.  It also
disclosed owing more than $100,000,000 to at most 10,000
creditors, including $708,679 to Broadspire and $282,949 to
General Motors of Canada Limited.   Performance Transportation
Services Inc.'s schedules show total assets of $12,533,174 and
total liabilities of $105,481,656.

The company and its debtor-affiliates filed their second Chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos: 07-04746
thru 07-04760).  Tobias S. Keller, Esq., at Jones Day, represents
the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ LLP, serve
as the Debtors' local counsel.  The Debtors' claims & balloting
agent is Kutzman Carson Consultants LLC.  The Debtors exclusive
period to file a plan of reorganization expires on March 18, 2008.

(Performance Bankruptcy News, Issue No. 37; Bankruptcy Creditors'
Services Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


PERFORMANCE TRANS: Hadley Auto Files Schedules of Assets and Debts
------------------------------------------------------------------
Hadley Auto Transport LLC, debtor-affiliate of Performance
Transportation Services Inc., submitted to the U.S. Bankruptcy
Court for the Western District of New York its schedules of assets
and liabilities, disclosing:

A.     Real Property                                         $0

B.     Personal Property
B.1    Cash on hand                                      26,631
B.3    Security Deposit
          Miscellaneous Special Deposits                 35,511
B.9    Insurance Policies                               169,974
B.16   Accounts Receivable
          Accounts Receivable - Other                 1,337,509
B.21   Other Contingent and Unliquidated Claims
          Golden Eagle Insurance Corporation                455
          Harbor Auto Transport                           1,908
          Herb's Tires                                    2,852
          Jonathan E. Degaro                              2,385
          Martha Hernandez                                1,219
          Patrick Keim                                   12,990
          Union Pacific Railroad                            746
          Vanessa Espinoza                                  772
B.25   Vehicles
          Trucks and Trailers                         8,461,019
          Accumulated Depreciation                   (1,971,702)
B.28   Office Equipment
          Other Equipment (Office, computer,
             service cars, leasehold improvements)      428,836
          Accumulated Depreciation                      (83,840)
B.30   Inventory                                        352,375
B.35   Other Personal Property
          WIP                                           136,974
          Prepaid                                       387,729
          Other                                           5,316
          Unbilled Revenue                                 (448)

       TOTAL SCHEDULED ASSETS                        $9,309,211
       =========================================================

C.     Property Claimed as Exempt                            $0

D.     Creditors Holding Secured Claims
          Black Diamond Commercial Finance LLC       67,197,616
          Ervin Leasing                                 unknown
          Wells Fargo National Association           35,774,315

E.     Creditors Holding Unsecured Priority Claims
          City of Galena Park                                62
          City of South Salt Lake                            73
          Employees -Accrued Health, Welfare & Pension  156,620
          Employees -Accrued Vacation and Sick          535,124
          Employees -Accrued Wages                      427,903
          Employees -Payroll Tax                         13,418

F.     Creditors Holding Unsecured Non-priority Claims
          Toyota Financial                              110,658
          Daimler Chrysler                               97,963
          Ford Motor Co.                                 48,500
          Allied Systems, Inc.                           32,987
          CES                                            15,115
          Conway Freight Inc.                            11,012
          Fleet Pride                                    75,362
          J.F. Barton Contracting Co.                     7,800
          Judson ISD Tax Off                              9,600
          Others                                        100,147

G.     Executory Contracts and Unexpired Leases               0

H.     Codebtors                                              0

       TOTAL SCHEDULED LIABILITIES                 $104,614,275
       =========================================================

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The Court confirmed the Debtors' plan on Dec. 21, 2006,
and that plan became effective on Jan. 29, 2007. Garry M. Graber,
Esq. of Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their retructuring efforts.  It also
disclosed owing more than $100,000,000 to at most 10,000
creditors, including $708,679 to Broadspire and $282,949 to
General Motors of Canada Limited.   Performance Transportation
Services Inc.'s schedules show total assets of $12,533,174 and
total liabilities of $105,481,656.

The company and its debtor-affiliates filed their second Chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos: 07-04746
thru 07-04760).  Tobias S. Keller, Esq., at Jones Day, represents
the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ LLP, serve
as the Debtors' local counsel.  The Debtors' claims & balloting
agent is Kutzman Carson Consultants LLC.  The Debtors exclusive
period to file a plan of reorganization expires on March 18, 2008.

(Performance Bankruptcy News, Issue No. 37; Bankruptcy Creditors'
Services Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


PERFORMANCE TRANS: HFS Files Schedules of Assets and Debts
----------------------------------------------------------
HFS Investments Inc., debtor-affiliate of Performance
Transportation Services Inc., submitted to the U.S. Bankruptcy
Court for the Western District of New York its schedules of assets
and liabilities, disclosing:

A.    Real Property                                        $0

B.    Personal Property
B.3   Security Deposits
        Miscellaneous special deposits                  1,000
B.16  Accounts Receivable
        Customers                                     273,732
        Other                                         227,069
        Allowance for doubtful accounts
B.25  Vehicles & accessories
        Trucks and Trailers                            12,625
        Accumulated Appreciation                       (3,241)

      TOTAL SCHEDULED ASSETS                           $9,384
      =======================================================

C.    Property Claimed as Exempt                         None

D.    Creditors Holding Secured Claims
         Black Diamond Commercial Finance LLC      67,197,616
         Wells Fargo National Association          35,774,315

E.    Creditors Holding Unsecured
         Priority Claims                                    0

F.    Creditors Holding Unsecured Nonpriority Claims        0

      TOTAL SCHEDULED LIABILITIES                $102,971,931
      =======================================================

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The Court confirmed the Debtors' plan on Dec. 21, 2006,
and that plan became effective on Jan. 29, 2007. Garry M. Graber,
Esq. of Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their retructuring efforts.  It also
disclosed owing more than $100,000,000 to at most 10,000
creditors, including $708,679 to Broadspire and $282,949 to
General Motors of Canada Limited.   Performance Transportation
Services Inc.'s schedules show total assets of $12,533,174 and
total liabilities of $105,481,656.

The company and its debtor-affiliates filed their second Chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos: 07-04746
thru 07-04760).  Tobias S. Keller, Esq., at Jones Day, represents
the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ LLP, serve
as the Debtors' local counsel.  The Debtors' claims & balloting
agent is Kutzman Carson Consultants LLC.  The Debtors exclusive
period to file a plan of reorganization expires on March 18, 2008.

(Performance Bankruptcy News, Issue No. 37; Bankruptcy Creditors'
Services Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


PERFORMANCE TRANS: LAC Holding Files Schedules of Assets and Debts
------------------------------------------------------------------
LAC Holding LLC, debtor-affiliate of Performance Transportation
Services Inc., submitted to the U.S. Bankruptcy Court for the
Western District of New York its schedules of assets and
liabilities, disclosing:

A.    Real Property                                        $0

B.    Personal Property                                     0

      TOTAL SCHEDULED ASSETS                               $0
      =======================================================

C.    Property Claimed as Exempt                         None

D.    Creditors Holding Secured Claims
        Black Diamond Commercial Finance LLC      $67,197,616
        Wells Fargo National Association           35,774,315

E.    Creditors Holding Unsecured
        Priority Claims                                     0

F.    Creditors Holding Unsecured Nonpriority Claims        0

      TOTAL SCHEDULED LIABILITIES                $102,971,931
      =======================================================

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The Court confirmed the Debtors' plan on Dec. 21, 2006,
and that plan became effective on Jan. 29, 2007. Garry M. Graber,
Esq. of Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their retructuring efforts.  It also
disclosed owing more than $100,000,000 to at most 10,000
creditors, including $708,679 to Broadspire and $282,949 to
General Motors of Canada Limited.   Performance Transportation
Services Inc.'s schedules show total assets of $12,533,174 and
total liabilities of $105,481,656.

The company and its debtor-affiliates filed their second Chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos: 07-04746
thru 07-04760).  Tobias S. Keller, Esq., at Jones Day, represents
the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ LLP, serve
as the Debtors' local counsel.  The Debtors' claims & balloting
agent is Kutzman Carson Consultants LLC.  The Debtors exclusive
period to file a plan of reorganization expires on March 18, 2008.

(Performance Bankruptcy News, Issue No. 37; Bankruptcy Creditors'
Services Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


PERFORMANCE TRANS: Logistics Files Schedules of Assets and Debts
----------------------------------------------------------------
Logistics Computer Services Inc., debtor-affiliate of Performance
Transportation Services Inc., submitted to the U.S. Bankruptcy
Court for the Western District of New York its schedules of assets
and liabilities, disclosing:

A.     Real Property                                         $0

B.     Personal Property
B.13   Stock and Interests                              unknown
B.16   Accounts Receivable
          Accounts Receivable - Other                    42,238
B.28   Office Equipment
          Other Equipment (Office, computer,
             service cars, leasehold improvements)      725,586
          Accumulated Depreciation                     (142,415)
B.35   Other Personal Property
          WIP                                           591,302
          Prepaid                                       321,614
          Deferred Debit                                  7,007

       TOTAL SCHEDULED ASSETS                       $12,533,174
       =========================================================

C.     Property Claimed as Exempt                            $0

D.     Creditors Holding Secured Claims
          Black Diamond Commercial Finance LLC          unknown
          CIT Technology Financing Services, Inc.       unknown
          De Lage Landen Financial Serivces, Inc.       unknown
          De Lage Landen Financial Serivces, Inc.       unknown
          O/E Systems, Inc.                             unknown
          Relational Funding Corporation                unknown
          The CIT Group/Business Credit, Inc.           unknown
          Wells Fargo National Association              unknown

E.     Creditors Holding Unsecured Priority Claims
          Employees -Accrued Vacation and Sick            6,784
          Employees -Accrued Taxes                       40,135
          Employees -Payroll Tax                          3,784

F.     Creditors Holding Unsecured
       Non-priority Claims                            2,833,853
          See http://bankrupt.com/misc/LCS_SAL_F.pdf

G.     Executory Contracts and Unexpired Leases               0

H.     Codebtors                                              0

       TOTAL SCHEDULED LIABILITIES                 $105,481,656
       =========================================================

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The Court confirmed the Debtors' plan on Dec. 21, 2006,
and that plan became effective on Jan. 29, 2007. Garry M. Graber,
Esq. of Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their retructuring efforts.  It also
disclosed owing more than $100,000,000 to at most 10,000
creditors, including $708,679 to Broadspire and $282,949 to
General Motors of Canada Limited.   Performance Transportation
Services Inc.'s schedules show total assets of $12,533,174 and
total liabilities of $105,481,656.

The company and its debtor-affiliates filed their second Chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos: 07-04746
thru 07-04760).  Tobias S. Keller, Esq., at Jones Day, represents
the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ LLP, serve
as the Debtors' local counsel.  The Debtors' claims & balloting
agent is Kutzman Carson Consultants LLC.  The Debtors exclusive
period to file a plan of reorganization expires on March 18, 2008.

(Performance Bankruptcy News, Issue No. 37; Bankruptcy Creditors'
Services Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


PERFORMANCE TRANS: PLG Inc. Files Schedules of Assets and Debts
---------------------------------------------------------------
Performance Logistics Group Inc., debtor-affiliate of Performance
Transportation Services Inc., submitted to the U.S. Bankruptcy
Court for the Western District of New York its schedules of assets
and liabilities, disclosing:

A.     Real Property                                         $0

B.     Personal Property
B.1    Cash on hand                                         534
B.13   Stock and Interests                              unknown
B.22   Patents                                          unknown

       TOTAL SCHEDULED ASSETS                              $534
       =========================================================

C.     Property Claimed as Exempt                            $0

D.     Creditors Holding Secured Claims
          Black Diamond Commercial Finance LLC          unknown
          De Lage Landen Financia Services, Inc.        unknown
          Great American Leasing Corporation            unknown
          Relational Funding Corporation                unknown
          Wells Fargo National Association              unknown

E.     Creditors Holding Unsecured Priority Claims            0

F.     Creditors Holding Unsecured Non-priority Claims        0

G.     Executory Contracts and Unexpired Leases               0

H.     Codebtors                                              0

       TOTAL SCHEDULED LIABILITIES                           $0
       =========================================================

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The Court confirmed the Debtors' plan on Dec. 21, 2006,
and that plan became effective on Jan. 29, 2007. Garry M. Graber,
Esq. of Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their retructuring efforts.  It also
disclosed owing more than $100,000,000 to at most 10,000
creditors, including $708,679 to Broadspire and $282,949 to
General Motors of Canada Limited.   Performance Transportation
Services Inc.'s schedules show total assets of $12,533,174 and
total liabilities of $105,481,656.

The company and its debtor-affiliates filed their second Chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos: 07-04746
thru 07-04760).  Tobias S. Keller, Esq., at Jones Day, represents
the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ LLP, serve
as the Debtors' local counsel.  The Debtors' claims & balloting
agent is Kutzman Carson Consultants LLC.  The Debtors exclusive
period to file a plan of reorganization expires on March 18, 2008.

(Performance Bankruptcy News, Issue No. 37; Bankruptcy Creditors'
Services Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


PERFORMANCE TRANS: Trans. Files Schedules of Assets and Debts
-------------------------------------------------------------
Transportation Releasing LLC, debtor-affiliate of Performance
Transportation Services Inc., submitted to the U.S. Bankruptcy
Court for the Western District of New York its schedules of assets
and liabilities, disclosing:

A.    Real Property                                        $0

B.    Personal Property
B.3   Security Deposits
        Miscellaneous special deposits                  1,000
B.16  Accounts Receivable
        Customers                                     273,732
        Other                                         227,069
        Allowance for doubtful accounts                  (628)
B.28  Office equipment, furnishings, supplies
        Other equipment (office, computer,
          leasehold improvements)                      84,719
        Accumulated depreciation                      (20,405)

      TOTAL SCHEDULED ASSETS                         $565,486
      =======================================================

C.    Property Claimed as Exempt                         None

D.    Creditors Holding Secured Claims
        Black Diamond Commercial Finance LLC       67,197,616
        Wells Fargo National Association           35,774,315

E.    Creditors Holding Unsecured Priority Claims
        Employees
          Accrued Wages                               100,240
          Accrued Vacation & Sick                      74,632
          Accrued Health, Welfare and Pension          51,174
          Payroll Tax                                   2,361

F.    Creditors Holding Unsecured Nonpriority Claims
        McLearen's JJJ                                  3,337
        Stathakis Systems #1127                         1,305
        Ford Motors Company - Vehicle Operations        1,188
        Cintas Corporation #300                           585
        SBC 313 336-4255 964 9                            565
        Absopure Water #58288 1/171317                    408
        Bell Tire 370507                                  360
        DTE Energy 293148500029                           335
        GE Capital 7408393-005                            314
        Allied Waste #302410024162                        304
        Avaya 0100726070                                  235
        Michigan Drive                                    129
        Absopure Water Co. #296579                         85
        Detroit Edison 204959700079                        62

      TOTAL SCHEDULED LIABILITIES                $103,209,558
      =======================================================

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The Court confirmed the Debtors' plan on Dec. 21, 2006,
and that plan became effective on Jan. 29, 2007. Garry M. Graber,
Esq. of Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their retructuring efforts.  It also
disclosed owing more than $100,000,000 to at most 10,000
creditors, including $708,679 to Broadspire and $282,949 to
General Motors of Canada Limited.   Performance Transportation
Services Inc.'s schedules show total assets of $12,533,174 and
total liabilities of $105,481,656.

The company and its debtor-affiliates filed their second Chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos: 07-04746
thru 07-04760).  Tobias S. Keller, Esq., at Jones Day, represents
the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ LLP, serve
as the Debtors' local counsel.  The Debtors' claims & balloting
agent is Kutzman Carson Consultants LLC.  The Debtors exclusive
period to file a plan of reorganization expires on March 18, 2008.

(Performance Bankruptcy News, Issue No. 37; Bankruptcy Creditors'
Services Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


PERFORMANCE TRANS: Vehicle Files Schedules of Assets and Debts
--------------------------------------------------------------
Vehicle Logistics Associates LLC, debtor-affiliate of Performance
Transportation Services Inc., submitted to the U.S. Bankruptcy
Court for the Western District of New York its schedules of assets
and liabilities, disclosing:

A.     Real Property                                         $0

B.     Personal Property                                      0

       TOTAL SCHEDULED ASSETS                                $0
       =========================================================

C.     Property Claimed as Exempt                            $0

D.     Creditors Holding Secured Claims
          Black Diamond Commercial Finance LLC       67,197,616
          Wells Fargo National Association           35,197,616

E.     Creditors Holding Unsecured Priority Claims
          City of Newark                                  1,200
          City of San Jose                                2,144
          Employees -Accrued Health, Welfare & Pension   17,397
          Employees -Accrued Vacation and Sick           42,382
          Employees -Accrued Wages                       86,667

F.     Creditors Holding Unsecured Non-priority Claims        0

G.     Executory Contracts and Unexpired Leases               0

H.     Codebtors                                              0

       TOTAL SCHEDULED LIABILITIES                 $102,395,232
       =========================================================

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The Court confirmed the Debtors' plan on Dec. 21, 2006,
and that plan became effective on Jan. 29, 2007. Garry M. Graber,
Esq. of Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their retructuring efforts.  It also
disclosed owing more than $100,000,000 to at most 10,000
creditors, including $708,679 to Broadspire and $282,949 to
General Motors of Canada Limited.   Performance Transportation
Services Inc.'s schedules show total assets of $12,533,174 and
total liabilities of $105,481,656.

The company and its debtor-affiliates filed their second Chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos: 07-04746
thru 07-04760).  Tobias S. Keller, Esq., at Jones Day, represents
the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ LLP, serve
as the Debtors' local counsel.  The Debtors' claims & balloting
agent is Kutzman Carson Consultants LLC.  The Debtors exclusive
period to file a plan of reorganization expires on March 18, 2008.

(Performance Bankruptcy News, Issue No. 37; Bankruptcy Creditors'
Services Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


REFCO LLC: Chapter 7 Trustee Files November 2007 Operating 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 Nov. 1 to
Nov. 30, 2007.

The Chapter 7 Trustee reports that Refco LLC's beginning balance
as of November 1 totals $86,335,000.  The Debtor's beginning
purchase price account balance totals $2,561,000, while its
beginning capital account "A" balance aggregates $83,774,000.

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 $5,279,000, and
and disbursed $2,592,000.  The Debtor held $89,022,000 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 November 2007 Monthly Statement
is available at no charge at:

        http://bankrupt.com/misc/RefcoLLCMORNovember07.pdf

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. 75; 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, Philline P. Reluya, Joseph Medel C.
Martirez, and Peter A. Chapman, Editors.

Copyright 2008.  All rights reserved.  ISSN: 1520-9474.

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

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

                    *** End of Transmission ***