TCR_Public/080202.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, February 2, 2008, Vol. 12, No. 28

                             Headlines


AMERICAN HOME: Incurs $724,539,939 Net Loss in September 2007
AMERICAN HOME: AHMA Files September 2007 Monthly Operating Report
AMERICAN HOME: AHMC Files September 2007 Monthly Operating Report
AMERICAN HOME: AHMS Files September 2007 Monthly Operating Report
ASARCO LLC: Earns $11,461,000 in Month Ended December 31, 2007

CATHOLIC CHURCH: Davenport Files December 2007 Operating Report
FIRST MAGNUS: Posts $30,152,066 Net Loss in December 2007
HOMEBANC MORTGAGE: Posts $396,404,000 Net Loss in December 2007
INTERSTATE BAKERIES: Posts $18,937,878 Net Loss in December 2007
LEVIT AND SONS: Files December 2007 Monthly Operating Report

MORTGAGE LENDERS: Incurs $103,016 Net Loss in November 2007
POPE & TALBOT: Files Schedules of Assets and Liabilities
POPE & TALBOT: MacKenzie Pulp Files Schedules of Assets and Debts
POPE & TALBOT: P&T Finance 1 Files Schedules of Assets and Debts
POPE & TALBOT: P&T Finance 2 Files Schedules of Assets and Debts

POPE & TALBOT: P&T Finance 3 Files Schedules of Assets and Debts
POPE & TALBOT: P&T Funding Files Schedules of Assets and Debts
POPE & TALBOT: P&T LFP Files Schedules of Assets and Debts
POPE & TALBOT: P&T Power Files Schedules of Assets and Debts
POPE & TALBOT: P&T Relocation Files Schedules of Assets and Debts

POPE & TALBOT: P&T Pulp Files Schedules of Assets and Debts
POPE & TALBOT: Penn Timber Files Schedules of Assets and Debt


                             *********

AMERICAN HOME: Incurs $724,539,939 Net Loss in September 2007
-------------------------------------------------------------
American Home Mortgage Investment Corp., submitted to the U.S.
Bankruptcy Court for the District of Delaware its monthly
operating report for September 2007.

             American Home Mortgage Investment Corp.
                Statement of Financial Condition
                    As of September 30, 2007

Assets:
   Cash and cash equivalents                             $29,134
   Restricted cash                                   150,799,967
   Accounts receivable                                 6,902,413
   Intercompany receivable                         1,319,755,297
   Securities                                      1,348,702,672
   Derivative assets                                           5
   Investment in subsidiaries                       (882,110,448)
   Other assets                                            9,896
                                                    ------------
      Total Assets                                $1,944,088,936
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Reverse repurchase agreements                 $817,033,016
      Junior subordinated note                       180,416,000
      Derivative liabilities                          43,631,545
      Accrued expenses & other liabilities           591,713,275
      Intercompany payable                           572,814,990
                                                    ------------
         Total Liabilities                         2,205,608,826

   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                           (1,453,967,119)
                                                    ------------
         Total Stockholders' Equity                 (261,519,890)
                                                    ------------
Total Liabilities & Stockholders' Equity          $1,944,088,936
                                                    ============


             American Home Mortgage Investment Corp.
                       Statement of Income
                 Month Ended September 30, 2007

Net Interest Income:
   Interest income                                   $11,084,568
   Interest expense                                           (2)
                                                    ------------
      Net interest income                             11,084,566

   Provision for loan losses                                   -
                                                    ------------
      Net interest income after provision             11,084,566
        for loan losses

Non-Interest Income:
   Gain (loss) on mortgage loans                        (530,000)
   Loss on securities and derivatives                (46,687,738)
   Loss from Subsidiaries                           (688,390,714)
                                                    ------------
      Non-interest income                           (735,608,452)

Other
   Data processing and communications                      1,980
   Other expenses                                         14,073
                                                    ------------
      Total expenses                                      16,053

Loss before income taxes                            (724,539,939)
Income taxes                                                   -
                                                    ------------
Net loss                                           ($724,539,939)
                                                    ============


             American Home Mortgage Investment Corp.
           Schedule of Cash Receipts and Disbursements
                 Month Ended September 30, 2007

Cash - Beginning of Month, 09/01/2007               $150,829,101

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                    121,960,121
   Loans and advances                                          -
   Administrative                                              -
   Net payroll                                                 -
   Other                                                       -
   Transfers (from DIP accounts)                               -
                                                    ------------
      Total Receipts                                 121,960,121

Disbursements:
   Net payroll                                                 -
   Payroll taxes                                               -
   Sales, use & other taxes                                    -
   Loans and advances                                          -
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                        $14,050
   Selling                                                     -
   Other                                             121,946,071
   Transfers (from DIP accounts)                               -
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                    ------------
      Total Disbursements                            121,960,121
                                                    ------------
      Net Cash Flow                                            0
                                                    ------------
Cash - End of Month - 09/30/07                      $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 expiration of the Debtors'
exclusive period to file a plan was moved to March 3, 2008.

(American Home Bankruptcy News, Issue No. 24, Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).


AMERICAN HOME: AHMA Files September 2007 Monthly 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 September 2007.

             American Home Mortgage Acceptance, Inc.
                Statement of Financial Condition
                    As of September 30, 2007

Assets:
   Cash and cash equivalents                            $254,836
   Restricted cash                                             -
   Accounts receivable                                 3,897,284
   Intercompany receivable                           517,059,825
   Mortgage loans                                    381,380,832
   Mortgage servicing rights                          16,138,953
   Other real estate, net                              5,350,113
   Investment in subsidiaries                        (25,889,092)
   Other assets                                          160,738
                                                    ------------
      Total Assets                                  $898,353,489
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Warehouse lines of credit                     $397,312,428
      Accrued expenses & other liabilities             1,910,785
      Intercompany payable                           713,063,684
                                                    ------------
         Total Liabilities                         1,112,286,897

   Stockholders' Equity
      Additional paid-in capital                      40,298,920
      Retained earnings                             (254,232,328)
                                                    ------------
         Total Stockholders' Equity                 (213,933,408)
                                                    ------------
Total Liabilities & Stockholders' Equity            $898,353,489
                                                    ============


             American Home Mortgage Acceptance, Inc.
                       Statement of Income
                 Month Ended September 30, 2007

Net Interest Income:
   Interest income                                    $1,065,245
   Interest expense                                           (1)
                                                    ------------
      Net interest income                              1,065,244

   Provision for loan losses                                   0
                                                    ------------
      Net interest income after provision              1,065,244
        for loan losses

Non-Interest Income:
   Loss on mortgage loans                            (50,912,570)
   (Loss) gain on securities & derivatives                     -
   Loan servicing fees                                  (440,937)
   Changes in fair value of MSR                      (10,841,315)
   Loss from subsidiaries                              3,044,997
                                                    ------------
      Non-interest income                            (59,149,825)

Expenses
   Salaries, commissions & benefits, net                 322,235
   Marketing and promotion                                     -
   Other real estate operating (income)                  448,200
   Other                                                  (1,501)
                                                    ------------
      Total expenses                                     768,934

Loss before income taxes                             (58,853,515)
Income taxes                                                   -
                                                    ------------
Net loss                                            ($58,853,515)
                                                    ============


             American Home Mortgage Acceptance, Inc.
           Schedule of Cash Receipts and Disbursements
                 Month Ended September 30, 2007

Cash - Beginning of Month, 09/01/2007                   $289,182

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                              -
   Loans and advances                                          -
   Administrative                                              -
   Net payroll                                                 -
   Other                                                       -
   Transfers (from DIP accounts)                               -
                                                    ------------
      Total Receipts                                           0

Disbursements:
   Net payroll                                                 -
   Payroll taxes                                               -
   Sales, use & other taxes                                    -
   Loans and advances                                     34,346
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                              -
   Selling                                                     -
   Other                                                       -
   Transfers (from DIP accounts)                               -
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                    ------------
      Total Disbursements                                 34,346
                                                    ------------
      Net Cash Flow                                      (34,346)
                                                    ------------
Cash - End of Month - 09/30/07                          $254,836
                                                    ============

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 expiration of the Debtors'
exclusive period to file a plan was moved to March 3, 2008.

(American Home Bankruptcy News, Issue No. 24, Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).


AMERICAN HOME: AHMC Files September 2007 Monthly 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
September 2007.

                  American Home Mortgage Corp.
                Statement of Financial Condition
                    As of September 30, 2007


Assets:
   Cash and cash equivalents                         $29,016,285
   Restricted cash                                    13,226,830
   Accounts receivable                                38,310,270
   Intercompany receivable                           717,372,759
   Mortgage loans                                  1,966,392,812
   Derivative assets                                     743,601
   Mortgage servicing rights                         386,953,558
   Other real estate, net                             44,661,591
   Premises and equipment, net                        31,189,407
   Investment in subsidiaries                         74,572,484
   Other assets                                       27,745,850
                                                   -------------
      Total Assets                                $3,330,185,447
                                                   =============

Liabilities and Stockholders' Equity

   Liabilities:
      Warehouse lines of credit                   $2,069,964,153
      Derivative liabilities                          10,481,560
      Accrued expenses & other liabilities           107,149,432
      Intercompany payable                         1,445,880,218
      Notes payable                                  423,885,186
      Income taxes payable                               567,001
                                                   -------------
         Total Liabilities                         4,057,927,550

   Stockholders' Equity
      Additional paid-in capital                     153,195,270
      Retained earnings                             (880,937,373)
                                                    ------------
         Total Stockholders' Equity                 (727,742,103)
                                                   -------------
Total Liabilities & Stockholders' Equity          $3,330,185,447
                                                   =============

                  American Home Mortgage Corp.
                       Statement of Income
                 Month Ended September 30, 2007

Net Interest Income:
   Interest income                                   $15,082,278
   Interest expense                                      (11,548)
                                                   -------------
      Net interest income                             15,070,730

   Provision for loan losses                                   -
                                                   -------------
      Net interest income after provision             15,070,730
        for loan losses

Non-Interest Income:
   Loss on mortgage loans                           (420,958,679)
   Loan servicing fees                                 9,538,664
   Changes in fair value of MSR                     (192,267,133)
   Income from subsidiaries                          (46,252,420)
   Other non-interest income                             272,503
                                                   -------------
      Non-interest income                           (649,667,065)

Expenses
   Salaries, commissions & benefits, net               4,244,217
   Occupancy and equipment                             2,861,955
   Data processing and communications                    463,292
   Office supplies and expenses                          503,824
   Marketing and promotion                               274,660
   Travel and entertainment                               79,142
   Professional fees                                   4,542,443
   Other real estate operating expense                 2,383,390
   Other                                                 494,159
                                                   -------------
      Total expenses                                  15,847,082

Loss before income taxes                            (650,443,417)
Income taxes                                                   -
                                                   -------------
Net loss                                           ($650,443,417)
                                                   =============


                  American Home Mortgage Corp.
           Schedule of Cash Receipts and Disbursements
                 Month Ended September 30, 2007

Cash - Beginning of Month, 09/01/2007                $77,383,822

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                      1,334,425
   Loans and advances                                          -
   Administrative                                              -
   Net payroll                                                 -
   Other                                                       -
   Transfers (from DIP accounts)                               -
                                                   -------------
      Total Receipts                                   1,334,425

Disbursements:
   Net payroll                                         6,254,440
   Payroll taxes                                         (37,007)
   Sales, use & other taxes                                    -
   Loans and advances                                  8,649,888
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                      2,664,212
   Selling                                                     -
   Other                                              18,943,598
   Transfers (from DIP accounts)                               -
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                   -------------
      Total Disbursements                             36,475,132
                                                   -------------
      Net Cash Flow                                  (35,140,708)
                                                   -------------
Cash - End of Month - 09/30/07                       $42,243,115
                                                   =============

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 expiration of the Debtors'
exclusive period to file a plan was moved to March 3, 2008.

(American Home Bankruptcy News, Issue No. 24, Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).


AMERICAN HOME: AHMS Files September 2007 Monthly 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 September 2007.

             American Home Mortgage Servicing, Inc.
                Statement of Financial Condition
                    As of September 30, 2007

Assets:
   Cash and cash equivalents                         $61,947,501
   Restricted cash                                    39,549,612
   Accounts receivable & servicing advances           97,557,687
   Intercompany receivable                           133,617,560
   Premises and equipment, net                         2,668,380
   Investment in subsidiaries                          8,767,000
   Other assets                                          838,056
                                                    ------------
      Total Assets                                  $344,945,796
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Warehouse lines of credit                      $50,000,000
      Accrued expenses & other liabilities            57,732,956
      Intercompany payable                           130,695,718
      Income taxes payable                                     -
                                                    ------------
         Total Liabilities                           238,428,674

   Stockholders' Equity
      Additional paid-in capital                      37,000,200
      Retained earnings                               69,516,922
                                                    ------------
         Total Stockholders' Equity                  106,517,122
                                                    ------------
Total Liabilities & Stockholders' Equity            $344,945,796
                                                    ============


             American Home Mortgage Servicing, Inc.
                       Statement of Income
                 Month Ended September 30, 2007

Non-Interest Income:
   Gain on mortgage loans                                     $1
   Other non-interest income                         (33,011,977)
                                                    ------------
      Non-interest income                            (33,011,976)

Expenses
   Salaries, commissions & benefits, net               2,106,489
   Occupancy and equipment                               357,985
   Data processing and communications                     25,769
   Office supplies and expenses                          164,340
   Marketing and promotion                                     -
   Travel and entertainment                                8,339
   Professional fees                                      21,290
   Other real estate operating expense                         -
   Other                                               3,012,437
                                                    ------------
      Total expenses                                   5,696,649

Loss before income taxes                             (38,708,625)
Income taxes                                                   -
                                                    ------------
Net loss                                            ($38,708,625)
                                                    ============


             American Home Mortgage Servicing, Inc.
           Schedule of Cash Receipts and Disbursements
                 Month Ended September 30, 2007

Cash - Beginning of Month, 09/01/2007                $42,726,969

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                              -
   Loans and advances                                 58,591,078
   Administrative                                        179,066
   Net payroll                                                 -
   Other                                                       -
   Transfers (from DIP accounts)                               -
                                                    ------------
      Total Receipts                                  58,770,144

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                                   58,770,144
                                                    ------------
Cash - End of Month - 09/30/07                      $101,497,113
                                                    ============

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 expiration of the Debtors'
exclusive period to file a plan was moved to March 3, 2008.

(American Home Bankruptcy News, Issue No. 24, Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).


ASARCO LLC: Earns $11,461,000 in Month Ended December 31, 2007
--------------------------------------------------------------

                       ASARCO LLC, et al.
                          Balance Sheet
                     As of December 31, 2007

ASSETS
   Current Assets:
   Cash                                           $907,316,000
   Restricted Cash                                  25,366,000
   Accounts receivable, net                        123,555,000
   Inventory                                       314,654,000
   Prepaid expenses                                  3,037,000
   Other current assets                             18,731,000
                                               ---------------
Total Current Assets                             1,392,659,000

Net property, plant and equipment                  472,935,000
Other Assets
   Investments in subs                             103,076,000
   Advances to affiliates                              741,000
   Prepaid pension & retirement plan                         0
   Non-current deferred tax asset                   40,951,000
   Other                                           112,210,000
                                               ---------------
Total assets                                    $2,122,573,000
                                               ===============

LIABILITIES
   Postpetition liabilities:
   Accounts payable                                $47,865,000
   Accrued liabilities                             565,133,000
   Debtor-in-possession financing                            0
                                               ---------------
Total postpetition liabilities                     612,998,000

Prepetition liabilities:
Not subject to compromise - credit                   3,949,000
Not subject to compromise - other                  132,918,000
Advances from affiliates                            25,085,000
Subject to compromise                            1,679,250,000
                                               ---------------
Total prepetition liabilities                    1,841,202,000
                                               ---------------
Total liabilities                               $2,454,200,000
                                               ===============

OWNERS' EQUITY (DEFICIT)
Common stock                                       508,324,000
Additional paid-in capital                         104,578,000
Other comprehensive income                        (262,773,000)
Retained earnings: filing date                  (1,546,199,000)
                                               ---------------
Total prepetition owners' equity                (1,196,071,000)

Retained earnings: post-filing date                864,443,000
                                               ---------------
Total owners' equity (net worth)                  (331,628,000)

Total liabilities and owners' equity            $2,122,573,000
                                               ===============

                        ASARCO LLC, et al.
               Consolidated Statement of Operations
                     Month Ended December 31, 2007

Sales                                             $113,407,000
Cost of products and services                       90,461,000
                                                  ------------
Gross profit                                        22,946,000

Operating expenses:
Selling and general & admin expenses                 5,462,000
Depreciation & amortization                          3,362,000
Provision accretion expense of asset                         0
   retirement obligation                             2,649,000
                                                  ------------
Operating income                                    11,472,000

Interest expense                                        46,000
Interest income                                     (4,201,000)
Reorganization expenses                              2,585,000
Other miscellaneous (income) expenses               (5,710,000)
                                                  ------------
Income (loss) before taxes                          18,752,000

Income taxes                                         7,291,000
                                                  ------------
Net income (loss)                                  $11,461,000
                                                  ============

                        ASARCO LLC, et al.
             Consolidated Cash Receipts & Disbursements
                   Month Ended December 31, 2007

Receipts                                          $153,403,000
Disbursements:
Inventory material                                  91,942,000
Operating disbursements                             63,959,000
Capital expenditures                                 5,563,000
                                                  ------------
Total disbursements                                161,464,000

Operating cash flow                                 (8,061,000)
Reorganization disbursements                         8,975,000
                                                  ------------
Net cash flow                                      (17,035,000)

Net payments to secured Lenders                              0
                                                  ------------
Net change in cash                                 (17,035,000)

Beginning cash balance                             949,718,000
                                                  ------------
Ending cash balances                              $932,683,000
                                                  ============

Based in Tucson, Arizona, ASARCO LLC -- http://www.asarco.com/
-- is an integrated copper mining, smelting and refining company.
Grupo Mexico S.A. de C.V. is ASARCO's ultimate parent.  The
Company filed for chapter 11 protection on Aug. 9, 2005 (Bankr.
S.D. Tex. Case No. 05-21207).  James R. Prince, Esq., Jack L.
Kinzie, Esq., and Eric A. Soderlund, Esq., at Baker Botts L.L.P.,
and Nathaniel Peter Holzer, Esq., Shelby A. Jordan, Esq., and
Harlin C. Womble, Esq., at Jordan, Hyden, Womble & Culbreth, P.C.,
represent the Debtor in its restructuring efforts.  Lehman
Brothers Inc. provides the ASARCO with financial advisory services
And investment banking services.  Paul M. Singer, Esq., James C.
McCarroll, Esq., and Derek J. Baker, Esq., at Reed Smith LLP give
legal advice to the Official Committee of Unsecured Creditors and
David J. Beckman at FTI Consulting, Inc., gives financial advisory
services to the Committee.  When the Debtor filed for protection
from its creditors, it listed $600 million in total assets and $1
billion in total debts.

The Debtor has five affiliates that filed for chapter 11
protection on April 11, 2005 (Bankr. S.D. Tex. Case Nos. 05-20521
through 05-20525).  They are Lac d'Amiante Du Quebec Ltee, CAPCO
Pipe Company, Inc., Cement Asbestos Products Company, Lake
Asbestos of Quebec, Ltd., and LAQ Canada, Ltd.  Details about
their asbestos-driven chapter 11 filings have appeared in the
Troubled Company Reporter since Apr. 18, 2005.

Encycle/Texas, Inc. (Bankr. S.D. Tex. Case No. 05-21304), Encycle,
Inc., and ASARCO Consulting, Inc. (Bankr. S.D. Tex. Case No. 05-
21346) also filed for chapter 11 protection, and ASARCO has asked
that the three subsidiary cases be jointly administered with its
chapter 11 case.  On Oct. 24, 2005, Encycle/Texas' case was
converted to a Chapter 7 liquidation proceeding.  The Court
appointed Michael Boudloche as Encycle/Texas, Inc.'s Chapter 7
Trustee.  Michael B. Schmidt, Esq., and John Vardeman, Esq., at
Law Offices of Michael B. Schmidt represent the Chapter 7 Trustee.

ASARCO's affiliates, AR Sacaton LLC, Southern Peru Holdings LLC,
and ASARCO Exploration Company Inc., filed for Chapter 11
protection on Dec. 12, 2006 (Bankr. S.D. Tex. Case No. 06-20774 to
06-20776).

The Debtors' exclusive period to file a plan expires on Feb. 11,
2008.  (ASARCO Bankruptcy News, Issue No. 64; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).


CATHOLIC CHURCH: Davenport Files December 2007 Operating Report
---------------------------------------------------------------

                  Diocese of Davenport in Iowa
                 Statement of Financial Position
                     As of December 31, 2007

ASSETS

Current Assets
   Cash and cash equivalents - unrestricted           $5,348,151
   Cash and cash equivalents - restricted              2,479,889
   Accounts receivable, net                              114,369
   Inventory                                                   -
   Prepaid expenses                                        2,333
   Professional retainers                                 55,652
                                                  --------------
Total Current Assets                                   8,000,394
                                                  --------------
Property and Equipment
   Real Property                                           3,000
   Machinery and equipment                                 6,000
   Furniture and fixtures                                  8,914
   Office equipment                                       59,500
   Leasehold improvements                                      -
   Vehicles                                               45,460
                                                  --------------
Total Property and Equipment                             122,874
                                                  --------------
Total Assets                                          $8,123,268
                                                  ==============

LIABILITIES AND NET ASSETS

Postpetition
   Current Liabilities:
      Salaries and wages                                       -
      Payroll taxes                                            -
      Real and personal property taxes                         -
      Income taxes                                             -
      Sales taxes                                              -
      Notes payable, short term                                -
      Accounts payable, trade                            $37,659
            Real property lease arrearage                      -
            Personal property lease arrearage                  -
      Accrued professional fees                                -
      Current portion of long-term debt                        -
      other:                                                   -
         Pass-through collections                         54,624
         Additional Accrued Vacations                      5,574
                                                  --------------
   Total Current Liabilities                              97,857
                                                  --------------
   Long-Term Postpetition Debt, Net                            -
                                                  --------------
   Total Postpetition Liabilities                         97,857
                                                  --------------
   Prepetition
      Secured claims                                           -
      Priority unsecured claims                          160,888
      General unsecured claims                        13,605,000
                                                  --------------
   Total Prepetition Liabilities                      13,765,888
                                                  --------------
     Total Liabilities                                13,863,745
                                                  --------------
Equity (deficit):
   Retained earnings/deficit at filing                 5,855,424
   Capital stock                                               -
   Additional paid-in capital                                  -
   Cumulative profit/loss since filing               (11,620,558)
   Post-petition contributions/distributions
      or draws                                                 -
   Market value adjustment                                24,657
                                                  --------------
   Total equity (deficit)                             (5,740,477)
                                                  --------------
Total liabilities & equity (deficit)                  $8,123,268
                                                  ==============


                  Diocese of Davenport in Iowa
                     Statement of Operations
             For the month ending December 31, 2007

Revenues
   Gross sales                                              $398
   Less: sales returns & allowances                            -
   Net sales                                                 398
   Less: cost of goods sold                                    -
   Gross profit                                              398
   Interest                                                2,611
   Other income:
      Charitable gifts                                   198,099
      Insurance receipts                                  77,244
      Investment income/fees                               8,365
                                                  --------------
   Total revenues                                        286,717
                                                  --------------
Expenses:
   Compensation to owner(s)/officer(s)                    12,209
   Salaries                                              105,561
   Commissions                                                 -
   Contract labor                                          6,947
   Rent/Lease:
      Personal property                                      150
      Real property                                            -
   Insurance                                             261,158
   Management fees                                             -
   Depreciation                                            2,105
   Taxes:
      Employer payroll taxes                               6,642
      Real property taxes                                      -
      Other taxes                                              -
   Other selling                                               -
   Other administrative                                   29,118
   Interest                                                    -
   Other expenses:
      Employee benefits                                   31,188
      Charity collection                                   3,879
      Medical assistance/Victim assistance                 1,862
      Utilities                                            8,255
      Transfer to unrestricted                                 -
      Professional fees                                        -
      Sabbatical                                               -
      Cemetery perpetual care                                  -
      Youth trip expenses                                      -
                                                  --------------
         Total expenses                                  469,074
                                                  --------------
   Reorganization items:
      Professional fees                                        -
      Estimate of claims payments                              -
      Interest earned on accumulated cash
         from resulting Chapter 11 case                   21,158
      Gain or (Loss) from sale of equipment                    -
             U.S. Trustee quarterly fees                       -
      Advertising/printing/mailing                             -
                                                  --------------
         Total reorganization items                       21,158
                                                  --------------
Net profit (loss) before federal &
   state taxes                                          (161,199)
   Federal & state income taxes                                -
                                                  --------------
Net profit (loss)                                      ($161,199)
                                                  ==============


                  Diocese of Davenport in Iowa
          Statement of Cash Receipts and Disbursements
             For the month ending December 31, 2007

Cash receipts
   Rent/Leases collected                                  $3,450
   Cash received from sales                                  398
   Interest received                                      23,769
   Borrowings increase in accounts payable                     -
   Funds from shareholders, partners,
      or other insiders (Sale of property)                     -
   Capital contributions                                       -
   Annual diocesan appeal/donations                      198,099
   Investment income/misc.                                     -
   Insurance receipts                                     77,244
   Tribunal/Immigration/Faith Formation fees               4,915
      Decrease in prepaids/accounts receivable           165,331
   Misc./Increase in accounts payable                     43,223
                                                  --------------
   Total Cash Receipts                                   516,429

Cash disbursements:
   Payments for inventory                                      -
   Selling                                                     -
   Administrative                                         39,944
   Capital expenditures                                        -
   Principal payments on debt                                  -
   Interest paid                                               -
   Rent/Lease:
      Personal Property                                      150
      Real Property                                            -
   Amount paid to owner(s)/officer(s)
      Salaries                                            12,209
      Draws                                                    -
      Commissions/Royalties                                    -
      Expense Reimbursements                                   -
      Other                                                    -
   Salaries/Commissions (less employee
      withholding                                         81,765
   Management fees                                             -
   Taxes
      Employee withholding                                23,796
      Employer payroll taxes                               6,642
      Real property taxes                                      -
      Other taxes                                              -
   Other cash outflows:
      Insurance                                          261,159
      Utilities                                            8,255
      Medical Assistance                                   1,862
      Employee benefits                                   31,188
      Misc                                                     -
                                                  --------------
   Total Cash Disbursements                              466,970
                                                  --------------
Net increase (decrease) in cash                           49,459

Cash balance, beginning of period                      1,717,253

Cash balance, end of period                           $1,766,712
                                                  ==============

                    About Diocese of Davenport

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

(Catholic Church Bankruptcy News, Issue No. 112; Bankruptcy
Creditors' Service Inc.; http://bankrupt.com/newsstand/or
215/945-7000).


FIRST MAGNUS: Posts $30,152,066 Net Loss in December 2007
---------------------------------------------------------

                First Magnus Financial Corporation
                          Balance Sheet
                      As of December 31, 2007

ASSETS

Unrestricted Cash                                 $13,000,644
Restricted Cash                                            --

Accounts Receivable (net)                         144,605,792
Inventory                                                  --
Notes Receivable                                           --
Prepaid Expenses                                           --
Other                                               1,199,452

Property, Plant & Equipment
Less : Accumulated Depreciation
Net property, Plant & Equipment                            --
Due From Insider(s)
Other Assets - net                                  6,939,377
Other                                              12,992,671
                                               --------------
   TOTAL ASSETS                                  $178,737,936
                                               ==============

POST PETITION LIABILITIES
Accounts Payable                                     $510,688
Taxes Payable                                              --
Notes Payable                                              --
Professional Fees                                          --
Secured Debt                                               --
Other                                               7,282,090
                                               --------------
   Total Postpetition Liabilities                   7,792,778

PREPETITION LIABILITIES
Secured Debt                                       55,214,214
Priority Debt                                      11,822,911
Unsecured Debt                                     67,411,209
Other                                                      --
                                               --------------
   Total Prepetition Liabilities                  134,448,334
                                               --------------
TOTAL LIABILITIES                                 142,241,111

EQUITY
Prepetition Owner's Equity                        217,787,849
Postpetition Cumulative Profit/Loss              (100,491,298)
Direct Charges to Equity                          (80,799,726)
                                               --------------
   Total Equity                                    36,496,824
                                               --------------
TOTAL LIABILITIES & OWNER'S EQUITY               $178,737,936
                                               ==============


                First Magnus Financial Corporation
                         Income Statement
                   Month Ended December 31, 2007

REVENUES
Gross Revenue                                        $105,462
Less: Returns and Discounts                                --
                                               --------------
   Net Revenue                                        105,462

COST OF GOODS SOLD
Material                                                   --
Direct Labor                                          291,504
Direct Overhead                                            --
                                               --------------
   Total Cost of Goods Sold                           291,504
                                               --------------
   GROSS PROFIT                                       186,042

OPERATING EXPENSES
Officer/Insider Compensation                               --
Selling & Marketing                                 1,286,457
General & Administrative                                   --
Other Expenses                                             --
                                               --------------
   Total Operating Expenses                         1,286,457
                                               --------------
Income Before Non-Operating Income
   and Expenses                                    (1,472,499)

OTHER INCOME AND EXPENSE
Other Income                                               --
Other Expense                                      28,673,317
Interest Expense                                           --
Depreciation/Depletion                                     --
Amortization                                               --
Net other Income and Expense                       28,673,317
                                               --------------
Income Before Reorganization Expense              (30,145,816)

REORGANIZATION EXPENSES
Professional Fees                                          --
U.S. Trustee Fees                                       6,250
Other                                                      --

Total Reorganization Expense                            6,250

Income Tax                                                 --
                                               --------------
NET PROFIT OR (LOSS)                             ($30,152,066)
                                               ==============


                First Magnus Financial Corporation
                    Receipts and Disbursements
                  Month Ended December 31, 2007

Balance at Beginning of Period                    $11,205,519

RECEIPTS:
Cash Sales                                                 --
Accounts Receivable -- Prepetition                  1,653,395
Accounts Receivable -- Postpetition                        --
Loans and Advances                                         --
Sale of Assets                                             --
Transfers from Other DIP Accounts                     799,904
Others                                              1,435,211
                                               --------------
   Total Receipts                                   3,888,510

DISBURSEMENTS:
Business -- Ordinary Operations                     1,156,340
Capital Improvements                                       --
Prepetition Debt                                           --
Transfers to Other DIP Accounts                       799,904
Others                                                130,892

Reorganization Expenses
U.S. Trustee Quarterly Fee                              6,250
                                               --------------
   Total Disbursements                              2,093,385

Balance at End of Month                           $13,000,644
                                               ==============

Based in Tucson, Arizona, First Magnus Financial Corporation --
http://www.firstmagnus.com/-- purchases and sells prime and
Alt-A mortgage loans secured by one-to-four unit residences.

The company filed for chapter 11 protection on Aug. 21, 2007
(Bankr. D. Ariz. Case No.: 07-01578).  John R. Clemency, Esq., at
Greenberg Traurig LLP serves as the counsel for the Debtor.  The
Official Committee of Unsecured Creditors has selected the firm
Warner Stevens LLP as its counsel.  When the Debtor filed for
bankruptcy, it listed total assets of $942,109,860 and total debts
of $812,533,046.

The Debtor's exclusive period to file a plan expired on Dec. 19,
2007.  The confirmation hearing on the Debtor's liquidation plan
will commence on Feb. 7, 2008.

(First Magnus Bankruptcy News, Issue No. 17; Bankruptcy Creditors'
Service Inc. http://bankrupt.com/newsstand/or 215/945-7000).


HOMEBANC MORTGAGE: Posts $396,404,000 Net Loss in December 2007
---------------------------------------------------------------

          HomeBanc Mortgage Corporation and Subsidiaries
               Unaudited Consolidated Balance Sheet
                     As of December 31, 2007

                              ASSETS

Cash                                                 $7,387,000
Restricted cash                                               0
Mortgage loans held for sale, net                     5,411,000
Mortgage loans held for investment, net                 (80,000)
Mortgage servicing rights                                     0
Receivable from custodian                                     0
Trading securities                                      500,000
Securities available for sale                                 0
Securities held to maturity                                   0
Accrued interest receivable                                   0
Premises and equipment, net                            (140,000)
Goodwill, net                                                 0
Deferred tax asset, net                                       0
Accounts receivable from affiliates                           0
Investment in subsidiaries                                    0
Other Assets                                         17,882,000
                                                ---------------
TOTAL ASSETS                                        $30,960,000
                                                ===============

                       LIABILITIES & EQUITY

Warehouse lines of credit                                    $0
Repurchase agreements                                         0
Loan funding payable                                  1,478,000
Accrued interest payable                                      0
Accrued expenses                                      5,600,000
Other accounts payable                                        0
Accounts payable to affiliates                          510,000
Collaterized debt obligations                                 0
Junior subordinated debentures representing         175,260,000
  obligations for trust preferred securities
                                                ---------------
Total liabilities                                   182,848,000

Minority interest                                        64,000

Shareholders Equity:
  Preferred stock                                    47,992,000
  Common stock                                          571,000
  Additional paid-in capital                        278,865,000
  Accumulated deficit                              (461,476,000)
  Treasury stock                                    (17,904,000)
  Accumulated other comprehensive (loss) income               0
                                                ---------------
Total shareholder's equity                         (151,952,000)
                                                ---------------
TOTAL LIABILITIES & EQUITY                          $30,960,000
                                                ===============


          HomeBanc Mortgage Corporation and Subsidiaries
          Unaudited Consolidated Statement of Operations
              For the Month Ended December 31, 2007

REVENUES
Net interest income:
  Interest income:
    Mortgage loans including fees                  $168,839,000
    Securities available for sale                    16,833,000
    Securities held to maturity                       4,632,000
    Trading securities                                1,198,000
                                                ---------------
  Total interest income                             191,502,000
  Total interest expense                           (226,714,000)
                                                ---------------
  Net interest income                               (35,212,000)
  Provision for loan losses                           3,830,000
                                                ---------------
  Net interest income after provision for loan      (31,382,000)
    losses
  Net gain on sale of mortgage loans                 17,261,000
  Net gain on sale of securities available           24,003,000
    for sale
  Mortgage servicing income, net                      9,178,000
  Other revenue                                      (8,138,000)
                                                ---------------
Total revenues                                       10,922,000

EXPENSES
Salaries and associate benefits, net                 50,293,000
Goodwill impairment                                  39,995,000
Marketing and promotions                             10,259,000
Occupancy and equipment                                 751,000
Depreciation and amortization                         6,830,000
Minority interest                                       111,000
Other operating expense                             276,856,000
                                                ---------------
Total expenses                                      385,109,000
                                                ---------------
Loss before income taxes                           (374,187,000)

Income tax expense                                   22,217,000
                                                ---------------
Net loss                                          ($396,404,000)
                                                ===============


          HomeBanc Mortgage Corporation and Subsidiaries
               Consolidated Statement of Cash Flows
          For the 12 Month Period Ended December 31, 2007

OPERATING ACTIVITIES
Net loss                                          ($396,404,000)

Adjustments to reconcile net loss to net cash
  (used in) provided by operating activities:
  Goodwill impairment                                39,995,000
  Depreciation and amortization                       6,830,000
  Net amortization of premium/accretion of           (1,064,000)
    discount on investment securities
  Provision for loan losses                          (3,830,000)
  Provision for losses associated with certain       (5,104,000)
    loan sales and mortgage loans held for sale
  Gain on sale of securities available for sale     (24,003,000)
  Capitalization of mortgage servicing rights       (23,172,000)
  Change in fair value of mortgage servicing         67,080,000
    rights
  Loss on disposal of premises and equipment         42,153,000
  Stock-based compensation, net                       2,678,000
  Compensation expense for Sales Equity Plan, net       158,000
  Cumulative effect of change in accounting                   0
    principle
  Minority interest                                      22,000
  Deferred taxes                                     22,218,000
  Decrease (increase) in restricted cash            128,033,000
  (Increase) decrease in mortgage loans held for    373,888,000
    sale, net
  Increase in trading securities                      4,324,000
  Decrease in receivable from custodian              77,612,000
  Decrease (increase) in accrued interest            22,387,000
    receivable
  Decrease (interest) in other assets                99,614,000
  (Decrease) increase in accrued interest            (9,144,000)
    payable
  Decrease in other liabilities                     (70,988,000)
                                                ---------------
Net cash (used in) provided by operating            353,283,000
  activities

INVESTING ACTIVITIES
Net principal collections of mortgage loans held  4,370,608,000
  for investment
Purchases of premises and equipment, net             (3,437,000)
Purchases of investment securities available                  0
  for sale
Proceeds from the sale of securities available    1,509,386,000
  for sale
Proceeds from maturities and prepayments of          49,274,000
  investment securities available for sale
Purchase of investment securities held to                     0
  maturity
Proceeds from maturities and prepayments of          10,553,000
  investment securities held to maturity
                                                ---------------
Net cash provided by (used in) investing          5,936,384,000
  activities

FINANCING ACTIVITIES
Increase (decrease) in warehouse credit            (404,765,000)
  facilities, net
(Decrease) increase in repurchase agreements,    (1,527,470,000)
  net
Net change in loan funding payable                  (62,377,000)
Proceeds from debt issuance                                   0
Repayment of debt                                (4,277,026,000)
Proceeds from issuance of preferred stock, net                0
Purchase of shares under share repurchase prog      (16,499,000)
Purchase of shares under Sales Equity Plan                    0
Cash dividends paid                                 (15,130,000)
                                                ---------------
Net cash (used in) provided by financing         (6,303,267,000)
  activities
                                                ---------------
Net increase (decrease) in cash                     (13,600,000)
Cash and cash equivalents at beginning of period     20,987,000
                                                ---------------
Cash and cash equivalents at end of period           $7,387,000
                                                ===============

Headquartered in Atlanta, Georgia, HomeBanc Mortgage Corporation
-- http://www.homebanc.com/-- is a mortgage banking company
focused  on originating primarily prime purchase money residential
mortgage loans in the Southeast United States.

HomeBanc Mortgage together with five affiliates filed for chapter
11 protection on Aug. 9, 2007 (Bankr. D. Del. Case Nos. 07-11079
through 07-11084).  Joel A. Waite, Esq., at Young, Conaway,
Stargatt & Taylor was selected by the Debtors to represent them in
these cases.  The Official Committee of Unsecured Creditors
selected the firm Otterbourg, Steindler, Houston and Rosen, P.C.
as its counsel.  The Debtors' financial condition as of June 30,
2007, showed total assets of $5,100,000,000 and total liabilities
of $4,900,000,000.  The Debtors' exclusive period to file a plan
ends on April 7, 2008.

(HomeBanc Bankruptcy News, Issue No. 18; Bankruptcy Creditors'
Services Inc. http://bankrupt.com/newsstand/or 215/945-7000).


INTERSTATE BAKERIES: Posts $18,937,878 Net Loss in December 2007
----------------------------------------------------------------

          Interstate Bakeries Corporation and Subsidiaries
           Unaudited Consolidated Monthly Operating Report
                Four Weeks Ended December 15, 2007

REVENUE:
Gross Income                                       $197,537,517
Less Cost of Goods Sold
   Ingredients, Packaging & Outside Purchasing       53,069,341
   Direct & Indirect Labor                           34,155,326
   Overhead & Production Administration              10,734,097
                                                  -------------
      Total Cost of Goods Sold                       97,958,764
                                                  -------------
         Gross Profit                                99,578,753
                                                  -------------
OPERATING EXPENSES

Owner-Draws/Salaries                                          -
Selling & Delivery Employee Salaries                 46,431,759
Advertising and Marketing                             2,967,955
Insurance (Property, Casualty, & Medical             11,771,927
Payroll Taxes                                         4,141,865
Lease and Rent                                        2,877,206
Telephone and Utilities                               1,231,142
Corporate Expense (Including Salaries                 7,257,400
Other Expenses                                       28,595,746
                                                  -------------
     Total Operating Expenses                       105,275,000
                                                  -------------
EBITDA                                               (5,696,247)

Restructuring & Reorganization Charges                3,322,306
Depreciation and Amortization                         5,226,944
Abandonment                                           1,410,558
Property & Equipment Impairment                               -
Other( Income)/Expense                                   46,654
Gain/Loss Sale of Property                                    -
Interest Expense                                      3,625,943
                                                  -------------
     Operating Income (Loss)                        (19,328,652)
Income Tax Expense (Benefit)                           (390,774)
                                                  -------------
NET Income (Loss)                                  ($18,937,878)
                                                  =============

CURRENT ASSETS
   Accounts Receivable at end of period            $128,026,608
   Increase (Dec.) in Accounts Receivable            (6,853,862)
   Inventory at end of period                        52,584,248
   Increase (Decrease) in Inventory for period       (1,228,467)
   Cash at end of period                             51,664,245
   Increase (Decrease) in Cash for period            (6,775,026)
   Restricted Cash                                   19,195,734
   Increase (Dec.) in Restricted Cash for period         39,492

LIABILITIES
   Increase (Decrease) in Liabilities
      Not Subject to Compromise                      (1,783,753)
   Increase (Decrease) in Liabilities
      Subject to Compromise                             295,574
   Taxes payable:
      Federal Payroll Taxes                           4,321,827
      State/Local Payroll Taxes                       4,597,348
      State Sales Taxes                                 642,794
      Real Estate and Personal Property Taxes         6,644,655
      Other                                           3,713,360
                                                  -------------
      Total Taxes Payable                           $19,919,984
                                                  =============

Headquartered in Kansas City, Missouri, Interstate Bakeries
Corporation is a wholesale baker and distributor of fresh-baked
bread and sweet goods, under various national brand names,
including Wonder(R), Baker's Inn(R), Merita(R), Hostess(R) and
Drake's(R).  Currently, IBC employs more than 25,000 people and
operates 45 bakeries, as well as approximately 800 distribution
centers and approximately 800 bakery outlets throughout the
country.

The company and eight of its subsidiaries and affiliates filed for
chapter 11 protection on Sept. 22, 2004 (Bankr. W.D. Mo. Case No.
04 45814).  J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP represent the Debtors in
their restructuring efforts.  When the Debtors filed for
protection from their creditors, they listed $1,626,425,000 in
total assets and $1,321,713,000 (excluding the $100,000,000 issue
of 6% senior subordinated convertible notes due Aug. 15, 2014) in
total debts.  The Debtors' filed their Chapter 11 Plan and
Disclosure Statement on Nov. 5, 2007.  Their exclusive period to
file a chapter 11 plan expired on November 8.  On January 25,
2008, the Debtors filed heir First Amended Plan and Disclosure
Statement.

IBC confirmed that it has not received any qualifying alternative
proposals for funding its plan of reorganization in accordance
with the Court-approved alternative proposal procedures.  As a
result, no auction was held on Jan. 22, 2008, as would have been
required under those procedures.  The deadline for submission of
alternative proposals was Jan. 15, 2008.  On Jan. 29, 2008, the
Court approved the Debtors' amended plan of reorganization, as
amended on Jan. 25, 2008.  Plan confirmation hearing will start on
March 12, 2008.

(Interstate Bakeries Bankruptcy News, Issue No. 86; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000).


LEVIT AND SONS: Files December 2007 Monthly Operating Report
------------------------------------------------------------

                      Levitt & Sons, LLC
            Monthly Financial Report for Business
             For the Period December 1 - 31, 2007


Cash, beginning of period                            $3,999,226

Receipts:
  Cash sales                                                  0
  Collection on postpetition A/R                              0
  Collection on prepetition A/R                               0
  Other receipts                                        618,083
                                                 --------------
Total receipts                                          618,083

Total cash available for operations                   4,617,309

Disbursements:
  U.S. Trustee quarterly fees                                 0
  Net payroll                                           256,980
  Payroll taxes paid                                     83,433
  Sales and use taxes                                         0
  Other taxes                                                 0
  Rent                                                        0
  Other leases                                                0
  Telephone                                                   0
  Utilities                                               2,798
  Travel & entertainment                                  2,822
  Vehicle expenses                                            0
  Office supplies                                             0
  Advertising                                                 0
  Insurance                                                   0
  Purchases of fixed assets                                   0
  Purchases of inventory                                      0
  Manufacturing supplies                                      0
  Repairs & maintenance                                       0
  Payments to secured creditors                               0
  Other operating expenses                              804,642
                                                 --------------
Total cash disbursements                              1,150,675
                                                 --------------
Ending Cash Balance                                  $3,466,634
                                                 ==============

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

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

The Debtors' latest consolidated financial condition as of
Sept. 30, 2007 reflect total assets of $900,392,000, and total
liabilities of $780,969,000.  The Debtors' exclusive plan filing
period expires on March 8, 2008.

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


MORTGAGE LENDERS: Incurs $103,016 Net Loss in November 2007
-----------------------------------------------------------

               Mortgage Lenders Network USA, Inc.
                          Balance Sheet
                     As of November 30, 2007


Assets:
   Cash and Cash Equivalents                         $11,863,643
   Mortgage loans held for sale                                0
   Portfolio loans                                             0
   Allowance for loan losses                                   0
   Capitalized Mortgage Servicing rights, net                  0
   Retained interests in securitization,
      at fair value                                            0
   Land                                                3,187,970
   Deferred Costs                                              0
   Principal & Interest Advances                               0
   Interest in subsidiaries                                    0
   Other Assets                                        5,970,202
                                                    ------------
      Total Assets                                   $21,021,814
                                                    ============

Liabilities:
   Accounts Payable prepetition                      $14,473,514
   Accounts Payable postpetition                          75,547
   Accrued Expenses - Payroll                            981,314
   Accrued Expenses - Other                           15,508,495
   Warehouse Borrowings                               22,284,261
   Convertible Debt                                    1,500,000
   Servicing & Working Capital Advances               54,408,435
   Capital Lease Liability                                     0
   Other liabilities                                  31,209,991
                                                    ------------
      Total Liabilities                              140,441,557

Stockholders' Equity:
   Common Stock                                          625,000
   Additional Paid-In Capital                          1,829,770
   Retained Earnings                                (121,874,513)
                                                    ------------
      Total Stockholders' Equity                    (119,419,743)
                                                    ------------
      Total Debts & Stockholders' Equity             $21,021,814
                                                    ============


               Mortgage Lenders Network USA, Inc.
           Schedule of Cash Receipts and Disbursements
                  Month Ended November 30, 2007

Cash - Beginning of Month                             $2,746,793

Receipts:
   Net Servicing Inflows                                       0
   Warehouse and Loan Sale Inflows                             0
   Sale of Fixed Assets                                        0
   Sale of Other Assets                                        0
   Other Inflows                                         195,659

   Transfers from Cash Collateral                              0
                                                    ------------
      Total Receipts                                     195,659

Disbursements:
   Net Payroll                                           106,078
   Payroll Taxes                                               0
   Medical Coverage Sub/ FSA Witholding                        0
   Operating Expenses                                     50,317
   Rent                                                        0
   Utilities                                                   0
   Insurance                                                   0
   Administrative & Selling                                    0
   Other                                                       0

   Professional Fees Escrow Account                      210,095
   Professional Fees Paid                                      0
   U.S. Trustee Fees                                           0
   DIP Fees                                                    0

   Transfers to Cash Collateral                                0
                                                    ------------
      Total Disbursements                                366,490
                                                    ------------
      Net Cash Flow                                     (170,831)
                                                    ------------
Cash - End of Month                                   $2,575,962
                                                    ============


               Mortgage Lenders Network USA, Inc.
                        Income Statement
                  Month Ended November 30, 2007

Revenue
   Gain on Sale - Subprime                                    $0
   Gain on Sale - SRP/MBS                                      0
   Mortgage origination income                                 0
   Net Warehouse interest income                               0
   Servicing income, net                                       0
   Loss on investment in MLN Depository                        0
   Other Income                                          222,912
                                                    ------------
      Total Revenues                                    $222,912
                                                    ------------

Expenses
   Salaries                                                   $0
   Overtime/Temp Help                                          0
   Bonus/Incentives                                            0
   Benefits                                                    0
   Rent Expense                                            8,455
   Telephone                                                 602
   Repairs & Maintenances                                      0
   Office & Supplies Expense                                 313
   Postage/Express Mail                                      183
   Service Bureau                                              0
   Consulting Fees                                       133,848
   Insurance                                                   0
   Loan Loss/Foreclosure Exp.                                  0
   Appraisal/Credit Expenses                                   0
   Travel & Entertainment                                      0
   Meetings/Seminars/Education                                 0
   Membership Fes/Dues/Filings                           (17,850)
   Advertising - Other                                         0
   Interest Expense - Other                                    0
   Legal/Regulatory Expense                                    0
   Miscellaneous Expenses                                  1,122
                                                    ------------
      Total Expenses Before Depreciation                 126,673

      Depreciation Expense                                     0
                                                    ------------
      Net Profit Before Reorganization Items              96,239

Reorganization Items
   Professional Fees                                     199,255
                                                    ------------
      Total Reorganization Items                         199,255

   Income Taxes                                                0
                                                    ------------
Net Income (Loss)                                      ($103,016)
                                                    ============

Middletown, Connecticut-based Mortgage Lenders Network USA Inc. --
http://www.mlnusa.com/-- is a privately held company offering a
full range of Alt-A/Non-Conforming and Conforming loan products
through its retail and wholesale channels.  The company filed for
chapter 11 protection on Feb. 5, 2007 (Bankr. D. Del. Case No. 07-
10146).  Pachulski Stang Ziehl & Jones LLP represents the Debtor.
Blank Rome LLP represents the Official Committee of Unsecured
Creditors.  In the Debtor's schedules of assets and liabilities
filed with the Court, it disclosed total assets of $464,847,213
and total debts of $556,459,464.  The Debtor has until Feb. 22,
2008, to exclusively file a plan of reorganization.

(Mortgage Lenders Bankruptcy News, Issue No. 24; Bankruptcy
Creditors' Service Inc. http://bankrupt.com/newsstand/or 215/945-
7000).


POPE & TALBOT: Files Schedules of Assets and Liabilities
--------------------------------------------------------
Pope & Talbot Ltd. submitted its schedules of assets and
liabilities, disclosing:

A.    Real Property                                         $0
B.    Personal Property
B.2   Financial Accounts
        The Toronto-Dominion Bank                           79
B.16  Accounts Receivable
        Intercompany receivable
          Pope & Talbot Ltd.                        42,332,361
        Trade receivable
           Investment purchase from P&T Ltd.        25,657,555
        Other receivables                            2,167,767

      TOTAL SCHEDULED ASSETS                       $70,157,762
      ========================================================

C.    Property Claimed as Exempt                          None

D.    Creditors Holding Secured Claims
        Revolver
          Wells Fargo Financial Corporation         30,463,024
          David W. Stack                            15,231,512
        Term B Loan
          Ableco Finance LLC                        16,409,331
          HBK Master Fund LP                        10,418,623
          Quadrangle Master Funding Ltd.             7,050,971
          Oak Hill Credit Opportunities              4,102,333
            Financing Ltd.
          Regiment Capital Special                   3,906,984
            Situations Fund III LP
          DK Acquisition Partners LP                 3,906,984
          Oak Hill Credit Alpha Finance I            3,774,146
            (Offshore) LLC
          OHA Capital Solutions LP                   2,666,516
          OHSF II Financing Ltd.                     1,640,933
          Fortress Credit Opportunities I LP         1,562,793
          Fortress Credit Funding I LP               1,562,793
          Oak Hill Credit Alpha Finance I LLC        1,476,840
          OHA Capital Solutions LP                   1,435,816
          Credit Genesis CLO 2005-1 Ltd.             1,302,328
          Durham Acquisition Co., LLC                1,041,862
          Fortress Credit Opportunities II LP          781,397
          OHSF Financing Ltd.                          656,373
        Term C Loan
          Ableco Finance LLC                        30,920,282
          HBK Master Fund LP                        19,631,925
          Quadrangle Master Funding Ltd.            13,286,222
          Oak Hill Credit Opportunities              7,730,070
            Financing Ltd.
          Regiment Capital Special                   7,361,972
            Situations Fund III LP
          DK Acquisition Partners LP                 7,361,972
          Oak Hill Credit Alpha Finance I            7,111,665
            (Offshore) LLC
          Fortress Credit Funding I LP               5,889,578
          OHA Capital Solutions LP                   5,024,546
          OHSF II Financing Ltd.                     3,092,028
          Oak Hill Credit Alpha Finance I  LLC       2,782,825
          OHA Capital Solutions LP                   2,705,525
          Credit Genesis CLO 2005-1 Ltd.             2,453,991
          Durham Acquisition Co., LLC                1,963,192
          Fortress Credit Opportunities I LP         1,472,394
          Lerner Enterprises LP                      1,236,811
          OHSF Financing Ltd.                        1,236,811
          Bank of America N.A.                         779,472
          Concordia Distressed Debt Fund LP            658,250
        Others                                       1,419,369

E.    Creditors Holding Unsecured Priority Claims         None

F.    Creditors Holding Unsecured Non-priority Claims
        Intercompany loan payable
          P&T Ltd.                                  27,585,507

      TOTAL SCHEDULED LIABILITIES                 $261,095,966
      ========================================================

Headquartered in Portland, Oregon, Pope & Talbot Inc. (Other OTC:
PTBT.PK) -- http://www.poptal.com/-- is a pulp and wood products
business.  Pope & Talbot was founded in 1849 and produces market
pulp and softwood lumber at mills in the US and Canada.  Markets
for the company's products include the US, Europe, Canada, South
America and the Pacific Rim.

The company and its U.S. and Canadian subsidiaries applied for
protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.  The Debtors' CCAA Stay expired
on Jan. 16, 2008.

The company and fourteen of its debtor-affiliates filed for
Chapter 11 protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case
No. 07-11738).  Shearman & Sterling LLP is the Debtor's bankruptcy
counsel, while Laura Davis Jones, Esq. at Pachulski, Stang, Ziehl
& Jones L.L.P. represents the Debtors as bankruptcy co-counsel.
The Official Committee of Unsecured Creditors selected Fried,
Frank, Harris, Shriver & Jacobson LLP as its bankruptcy counsel.
When the Debtors filed for bankruptcy, they listed total assets of
$681,960,000 and total debts of $601,090,000.

The Debtors' exclusive period to file a plan expires on March 18,
2008.

Pope & Talbot Pulp Sales Europe, LLC, a subsidiary, on Nov. 21,
2007, filed an application for relief under Belgian bankruptcy
laws in the commercial court in Brussels.  If the Belgian court
grants Pope & Talbot Europe's application, it is expected it will
be liquidated through the bankruptcy proceeding.

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


POPE & TALBOT: MacKenzie Pulp Files Schedules of Assets and Debts
-----------------------------------------------------------------
MacKenzie Pulp Land Ltd., a debtor-affiliate of Pope & Talbot
Ltd., submitted 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
        Revolver
          Wells Fargo Financial Corporation        $30,463,024
          David W. Stack                            15,231,512
        Term B Loan
          Ableco Finance LLC                        16,409,331
          HBK Master Fund LP                        10,418,623
          Quadrangle Master Funding Ltd.             7,050,971
          Oak Hill Credit Opportunities              4,102,333
            Financing Ltd.
          Regiment Capital Special                   3,906,984
            Situations Fund III LP
          DK Acquisition Partners LP                 3,906,984
          Oak Hill Credit Alpha Finance I            3,774,146
            (Offshore) LLC
          OHA Capital Solutions LP                   2,666,516
          OHSF II Financing Ltd.                     1,640,933
          Fortress Credit Opportunities I LP         1,562,793
          Fortress Credit Funding I LP               1,562,793
          Oak Hill Credit Alpha Finance I LLC        1,476,840
          OHA Capital Solutions LP                   1,435,816
          Credit Genesis CLO 2005-1 Ltd.             1,302,328
          Durham Acquisition Co., LLC                1,041,862
          Fortress Credit Opportunities II LP          781,397
          OHSF Financing Ltd.                          656,373
        Term C Loan
          Ableco Finance LLC                        30,920,282
          HBK Master Fund LP                        19,631,925
          Quadrangle Master Funding Ltd.            13,286,222
          Oak Hill Credit Opportunities              7,730,070
            Financing Ltd.
          Regiment Capital Special                   7,361,972
            Situations Fund III LP
          DK Acquisition Partners LP                 7,361,972
          Oak Hill Credit Alpha Finance I            7,111,665
            (Offshore) LLC
          Fortress Credit Funding I LP               5,889,578
          OHA Capital Solutions LP                   5,024,546
          OHSF II Financing Ltd.                     3,092,028
          Oak Hill Credit Alpha Finance I  LLC       2,782,825
          OHA Capital Solutions LP                   2,705,525
          Credit Genesis CLO 2005-1 Ltd.             2,453,991
          Durham Acquisition Co., LLC                1,963,192
          Fortress Credit Opportunities I LP         1,472,394
          Lerner Enterprises LP                      1,236,811
          OHSF Financing Ltd.                        1,236,811
          Bank of America N.A.                         779,472
          Concordia Distressed Debt Fund LP            658,250
        Others                                       1,419,369

E.    Creditors Holding Unsecured Priority Claims         None

F.    Creditors Holding Unsecured Non-priority Claims     None

      TOTAL SCHEDULED LIABILITIES                 $233,510,459
      ========================================================

Headquartered in Portland, Oregon, Pope & Talbot Inc. (Other OTC:
PTBT.PK) -- http://www.poptal.com/-- is a pulp and wood products
business.  Pope & Talbot was founded in 1849 and produces market
pulp and softwood lumber at mills in the US and Canada.  Markets
for the company's products include the US, Europe, Canada, South
America and the Pacific Rim.

The company and its U.S. and Canadian subsidiaries applied for
protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.  The Debtors' CCAA Stay expired
on Jan. 16, 2008.

The company and fourteen of its debtor-affiliates filed for
Chapter 11 protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case
No. 07-11738).  Shearman & Sterling LLP is the Debtor's bankruptcy
counsel, while Laura Davis Jones, Esq. at Pachulski, Stang, Ziehl
& Jones L.L.P. represents the Debtors as bankruptcy co-counsel.
The Official Committee of Unsecured Creditors selected Fried,
Frank, Harris, Shriver & Jacobson LLP as its bankruptcy counsel.
When the Debtors filed for bankruptcy, they listed total assets of
$681,960,000 and total debts of $601,090,000.

The Debtors' exclusive period to file a plan expires on March 18,
2008.

Pope & Talbot Pulp Sales Europe, LLC, a subsidiary, on Nov. 21,
2007, filed an application for relief under Belgian bankruptcy
laws in the commercial court in Brussels.  If the Belgian court
grants Pope & Talbot Europe's application, it is expected it will
be liquidated through the bankruptcy proceeding.

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


POPE & TALBOT: P&T Finance 1 Files Schedules of Assets and Debts
----------------------------------------------------------------
P&T Finance One Limited, a debtor-affiliate of Pope & Talbot Ltd.,
submitted its schedules of assets and liabilities, disclosing:

A.    Real Property                                         $0
B.    Personal Property
B.14  Investments in subsidiaries & others
        P&T Finance Two Limited Partnership         25,389,286

      TOTAL SCHEDULED ASSETS                       $25,389,286
      ========================================================

C.    Property Claimed as Exempt                          None

D.    Creditors Holding Secured Claims
        Revolver
          Wells Fargo Financial Corporation        $30,463,024
          David W. Stack                            15,231,512
        Term B Loan
          Ableco Finance LLC                        16,409,331
          HBK Master Fund LP                        10,418,623
          Quadrangle Master Funding Ltd.             7,050,971
          Oak Hill Credit Opportunities              4,102,333
            Financing Ltd.
          Regiment Capital Special                   3,906,984
            Situations Fund III LP
          DK Acquisition Partners LP                 3,906,984
          Oak Hill Credit Alpha Finance I            3,774,146
            (Offshore) LLC
          OHA Capital Solutions LP                   2,666,516
          OHSF II Financing Ltd.                     1,640,933
          Fortress Credit Opportunities I LP         1,562,793
          Fortress Credit Funding I LP               1,562,793
          Oak Hill Credit Alpha Finance I LLC        1,476,840
          OHA Capital Solutions LP                   1,435,816
          Credit Genesis CLO 2005-1 Ltd.             1,302,328
          Durham Acquisition Co., LLC                1,041,862
          Fortress Credit Opportunities II LP          781,397
          OHSF Financing Ltd.                          656,373
        Term C Loan
          Ableco Finance LLC                        30,920,282
          HBK Master Fund LP                        19,631,925
          Quadrangle Master Funding Ltd.            13,286,222
          Oak Hill Credit Opportunities              7,730,070
            Financing Ltd.
          Regiment Capital Special                   7,361,972
            Situations Fund III LP
          DK Acquisition Partners LP                 7,361,972
          Oak Hill Credit Alpha Finance I            7,111,665
            (Offshore) LLC
          Fortress Credit Funding I LP               5,889,578
          OHA Capital Solutions LP                   5,024,546
          OHSF II Financing Ltd.                     3,092,028
          Oak Hill Credit Alpha Finance I  LLC       2,782,825
          OHA Capital Solutions LP                   2,705,525
          Credit Genesis CLO 2005-1 Ltd.             2,453,991
          Durham Acquisition Co., LLC                1,963,192
          Fortress Credit Opportunities I LP         1,472,394
          Lerner Enterprises LP                      1,236,811
          OHSF Financing Ltd.                        1,236,811
          Bank of America N.A.                         779,472
          Concordia Distressed Debt Fund LP            658,250
        Others                                       1,419,369

E.    Creditors Holding Unsecured Priority Claims         None

F.    Creditors Holding Unsecured Non-priority Claims     None

      TOTAL SCHEDULED LIABILITIES                 $233,510,459
      ========================================================

Headquartered in Portland, Oregon, Pope & Talbot Inc. (Other OTC:
PTBT.PK) -- http://www.poptal.com/-- is a pulp and wood products
business.  Pope & Talbot was founded in 1849 and produces market
pulp and softwood lumber at mills in the US and Canada.  Markets
for the company's products include the US, Europe, Canada, South
America and the Pacific Rim.

The company and its U.S. and Canadian subsidiaries applied for
protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.  The Debtors' CCAA Stay expired
on Jan. 16, 2008.

The company and fourteen of its debtor-affiliates filed for
Chapter 11 protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case
No. 07-11738).  Shearman & Sterling LLP is the Debtor's bankruptcy
counsel, while Laura Davis Jones, Esq. at Pachulski, Stang, Ziehl
& Jones L.L.P. represents the Debtors as bankruptcy co-counsel.
The Official Committee of Unsecured Creditors selected Fried,
Frank, Harris, Shriver & Jacobson LLP as its bankruptcy counsel.
When the Debtors filed for bankruptcy, they listed total assets of
$681,960,000 and total debts of $601,090,000.

The Debtors' exclusive period to file a plan expires on March 18,
2008.

Pope & Talbot Pulp Sales Europe, LLC, a subsidiary, on Nov. 21,
2007, filed an application for relief under Belgian bankruptcy
laws in the commercial court in Brussels.  If the Belgian court
grants Pope & Talbot Europe's application, it is expected it will
be liquidated through the bankruptcy proceeding.

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


POPE & TALBOT: P&T Finance 2 Files Schedules of Assets and Debts
----------------------------------------------------------------
P&T Finance Two Limited Partnership, a debtor-affiliate of Pope &
Talbot Ltd., submitted 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
        Revolver
          Wells Fargo Financial Corporation         30,463,024
          David W. Stack                            15,231,512
        Term B Loan
          Ableco Finance LLC                        16,409,331
          HBK Master Fund LP                        10,418,623
          Quadrangle Master Funding Ltd.             7,050,971
          Oak Hill Credit Opportunities              4,102,333
            Financing Ltd.
          Regiment Capital Special                   3,906,984
            Situations Fund III LP
          DK Acquisition Partners LP                 3,906,984
          Oak Hill Credit Alpha Finance I            3,774,146
            (Offshore) LLC
          OHA Capital Solutions LP                   2,666,516
          OHSF II Financing Ltd.                     1,640,933
          Fortress Credit Opportunities I LP         1,562,793
          Fortress Credit Funding I LP               1,562,793
          Oak Hill Credit Alpha Finance I LLC        1,476,840
          OHA Capital Solutions LP                   1,435,816
          Credit Genesis CLO 2005-1 Ltd.             1,302,328
          Durham Acquisition Co., LLC                1,041,862
          Fortress Credit Opportunities II LP          781,397
          OHSF Financing Ltd.                          656,373
        Term C Loan
          Ableco Finance LLC                        30,920,282
          HBK Master Fund LP                        19,631,925
          Quadrangle Master Funding Ltd.            13,286,222
          Oak Hill Credit Opportunities              7,730,070
            Financing Ltd.
          Regiment Capital Special                   7,361,972
            Situations Fund III LP
          DK Acquisition Partners LP                 7,361,972
          Oak Hill Credit Alpha Finance I            7,111,665
            (Offshore) LLC
          Fortress Credit Funding I LP               5,889,578
          OHA Capital Solutions LP                   5,024,546
          OHSF II Financing Ltd.                     3,092,028
          Oak Hill Credit Alpha Finance I  LLC       2,782,825
          OHA Capital Solutions LP                   2,705,525
          Credit Genesis CLO 2005-1 Ltd.             2,453,991
          Durham Acquisition Co., LLC                1,963,192
          Fortress Credit Opportunities I LP         1,472,394
          Lerner Enterprises LP                      1,236,811
          OHSF Financing Ltd.                        1,236,811
          Bank of America N.A.                         779,472
          Concordia Distressed Debt Fund LP            658,250
        Others                                       1,419,369

E.    Creditors Holding Unsecured Priority Claims         None

F.    Creditors Holding Unsecured Non-priority Claims     None

      TOTAL SCHEDULED LIABILITIES                 $233,510,459
      ========================================================

Headquartered in Portland, Oregon, Pope & Talbot Inc. (Other OTC:
PTBT.PK) -- http://www.poptal.com/-- is a pulp and wood products
business.  Pope & Talbot was founded in 1849 and produces market
pulp and softwood lumber at mills in the US and Canada.  Markets
for the company's products include the US, Europe, Canada, South
America and the Pacific Rim.

The company and its U.S. and Canadian subsidiaries applied for
protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.  The Debtors' CCAA Stay expired
on Jan. 16, 2008.

The company and fourteen of its debtor-affiliates filed for
Chapter 11 protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case
No. 07-11738).  Shearman & Sterling LLP is the Debtor's bankruptcy
counsel, while Laura Davis Jones, Esq. at Pachulski, Stang, Ziehl
& Jones L.L.P. represents the Debtors as bankruptcy co-counsel.
The Official Committee of Unsecured Creditors selected Fried,
Frank, Harris, Shriver & Jacobson LLP as its bankruptcy counsel.
When the Debtors filed for bankruptcy, they listed total assets of
$681,960,000 and total debts of $601,090,000.

The Debtors' exclusive period to file a plan expires on March 18,
2008.

Pope & Talbot Pulp Sales Europe, LLC, a subsidiary, on Nov. 21,
2007, filed an application for relief under Belgian bankruptcy
laws in the commercial court in Brussels.  If the Belgian court
grants Pope & Talbot Europe's application, it is expected it will
be liquidated through the bankruptcy proceeding.

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


POPE & TALBOT: P&T Finance 3 Files Schedules of Assets and Debts
----------------------------------------------------------------
P&T Finance Three LLC, a debtor-affiliate of Pope & Talbot Ltd.,
submitted its schedules of assets and liabilities, disclosing:

A.    Real Property                                         $0
B.    Personal Property
B.24  Borrower & applicant list
        Forest License #A77955                      11,608,387
        Tree Farm License #8, Forest License         2,013,680
          Nos. A81250 and A18969
        Tree Farm License #23                        1,109,431

      TOTAL SCHEDULED ASSETS                       $14,731,498
      ========================================================

C.    Property Claimed as Exempt                          None

D.    Creditors Holding Secured Claims
        Revolver
          Wells Fargo Financial Corporation        $30,463,024
          David W. Stack                            15,231,512
        Term B Loan
          Ableco Finance LLC                        16,409,331
          HBK Master Fund LP                        10,418,623
          Quadrangle Master Funding Ltd.             7,050,971
          Oak Hill Credit Opportunities              4,102,333
            Financing Ltd.
          Regiment Capital Special                   3,906,984
            Situations Fund III LP
          DK Acquisition Partners LP                 3,906,984
          Oak Hill Credit Alpha Finance I            3,774,146
            (Offshore) LLC
          OHA Capital Solutions LP                   2,666,516
          OHSF II Financing Ltd.                     1,640,933
          Fortress Credit Opportunities I LP         1,562,793
          Fortress Credit Funding I LP               1,562,793
          Oak Hill Credit Alpha Finance I LLC        1,476,840
          OHA Capital Solutions LP                   1,435,816
          Credit Genesis CLO 2005-1 Ltd.             1,302,328
          Durham Acquisition Co., LLC                1,041,862
          Fortress Credit Opportunities II LP          781,397
          OHSF Financing Ltd.                          656,373
        Term C Loan
          Ableco Finance LLC                        30,920,282
          HBK Master Fund LP                        19,631,925
          Quadrangle Master Funding Ltd.            13,286,222
          Oak Hill Credit Opportunities              7,730,070
            Financing Ltd.
          Regiment Capital Special                   7,361,972
            Situations Fund III LP
          DK Acquisition Partners LP                 7,361,972
          Oak Hill Credit Alpha Finance I            7,111,665
            (Offshore) LLC
          Fortress Credit Funding I LP               5,889,578
          OHA Capital Solutions LP                   5,024,546
          OHSF II Financing Ltd.                     3,092,028
          Oak Hill Credit Alpha Finance I  LLC       2,782,825
          OHA Capital Solutions LP                   2,705,525
          Credit Genesis CLO 2005-1 Ltd.             2,453,991
          Durham Acquisition Co., LLC                1,963,192
          Fortress Credit Opportunities I LP         1,472,394
          Lerner Enterprises LP                      1,236,811
          OHSF Financing Ltd.                        1,236,811
          Bank of America N.A.                         779,472
          Concordia Distressed Debt Fund LP            658,250
        Others                                       1,419,369

E.    Creditors Holding Unsecured Priority Claims         None

F.    Creditors Holding Unsecured Non-priority Claims     None

      TOTAL SCHEDULED LIABILITIES                 $233,510,459
      ========================================================

Headquartered in Portland, Oregon, Pope & Talbot Inc. (Other OTC:
PTBT.PK) -- http://www.poptal.com/-- is a pulp and wood products
business.  Pope & Talbot was founded in 1849 and produces market
pulp and softwood lumber at mills in the US and Canada.  Markets
for the company's products include the US, Europe, Canada, South
America and the Pacific Rim.

The company and its U.S. and Canadian subsidiaries applied for
protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.  The Debtors' CCAA Stay expired
on Jan. 16, 2008.

The company and fourteen of its debtor-affiliates filed for
Chapter 11 protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case
No. 07-11738).  Shearman & Sterling LLP is the Debtor's bankruptcy
counsel, while Laura Davis Jones, Esq. at Pachulski, Stang, Ziehl
& Jones L.L.P. represents the Debtors as bankruptcy co-counsel.
The Official Committee of Unsecured Creditors selected Fried,
Frank, Harris, Shriver & Jacobson LLP as its bankruptcy counsel.
When the Debtors filed for bankruptcy, they listed total assets of
$681,960,000 and total debts of $601,090,000.

The Debtors' exclusive period to file a plan expires on March 18,
2008.

Pope & Talbot Pulp Sales Europe, LLC, a subsidiary, on Nov. 21,
2007, filed an application for relief under Belgian bankruptcy
laws in the commercial court in Brussels.  If the Belgian court
grants Pope & Talbot Europe's application, it is expected it will
be liquidated through the bankruptcy proceeding.

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


POPE & TALBOT: P&T Funding Files Schedules of Assets and Debts
--------------------------------------------------------------
P&T Funding Ltd., a debtor-affiliate of Pope & Talbot Ltd.,
submitted its schedules of assets and liabilities, disclosing:

A.    Real Property                                         $0
B.    Personal Property
B.2   Financial Accounts
        The Toronto-Dominion Bank                          210
B.14  Investments in subsidiaries & others
        Pope & Talbot Spearfish                         22,633
B.16  Accounts Receivable
        Intercompany loan receivable
          Pope & Talbot Ltd.                           234,912
        Intercompany trade receivable
          Pope & Talbot Ltd.                            10,430

      TOTAL SCHEDULED ASSETS                          $268,185
      ========================================================

C.    Property Claimed as Exempt                          None

D.    Creditors Holding Secured Claims
        Revolver
          Wells Fargo Financial Corporation        $30,463,024
          David W. Stack                            15,231,512
        Term B Loan
          Ableco Finance LLC                        16,409,331
          HBK Master Fund LP                        10,418,623
          Quadrangle Master Funding Ltd.             7,050,971
          Oak Hill Credit Opportunities              4,102,333
            Financing Ltd.
          Regiment Capital Special                   3,906,984
            Situations Fund III LP
          DK Acquisition Partners LP                 3,906,984
          Oak Hill Credit Alpha Finance I            3,774,146
            (Offshore) LLC
          OHA Capital Solutions LP                   2,666,516
          OHSF II Financing Ltd.                     1,640,933
          Fortress Credit Opportunities I LP         1,562,793
          Fortress Credit Funding I LP               1,562,793
          Oak Hill Credit Alpha Finance I LLC        1,476,840
          OHA Capital Solutions LP                   1,435,816
          Credit Genesis CLO 2005-1 Ltd.             1,302,328
          Durham Acquisition Co., LLC                1,041,862
          Fortress Credit Opportunities II LP          781,397
          OHSF Financing Ltd.                          656,373
        Term C Loan
          Ableco Finance LLC                        30,920,282
          HBK Master Fund LP                        19,631,925
          Quadrangle Master Funding Ltd.            13,286,222
          Oak Hill Credit Opportunities              7,730,070
            Financing Ltd.
          Regiment Capital Special                   7,361,972
            Situations Fund III LP
          DK Acquisition Partners LP                 7,361,972
          Oak Hill Credit Alpha Finance I            7,111,665
            (Offshore) LLC
          Fortress Credit Funding I LP               5,889,578
          OHA Capital Solutions LP                   5,024,546
          OHSF II Financing Ltd.                     3,092,028
          Oak Hill Credit Alpha Finance I  LLC       2,782,825
          OHA Capital Solutions LP                   2,705,525
          Credit Genesis CLO 2005-1 Ltd.             2,453,991
          Durham Acquisition Co., LLC                1,963,192
          Fortress Credit Opportunities I LP         1,472,394
          Lerner Enterprises LP                      1,236,811
          OHSF Financing Ltd.                        1,236,811
          Bank of America N.A.                         779,472
          Concordia Distressed Debt Fund LP            658,250
        Others                                       1,419,369

E.    Creditors Holding Unsecured Priority Claims      Unknown

F.    Creditors Holding Unsecured Non-priority Claims
        Contribution from Pope & Talbot                  1,048
          Community Trust

      TOTAL SCHEDULED LIABILITIES                 $233,511,507
      ========================================================

Headquartered in Portland, Oregon, Pope & Talbot Inc. (Other OTC:
PTBT.PK) -- http://www.poptal.com/-- is a pulp and wood products
business.  Pope & Talbot was founded in 1849 and produces market
pulp and softwood lumber at mills in the US and Canada.  Markets
for the company's products include the US, Europe, Canada, South
America and the Pacific Rim.

The company and its U.S. and Canadian subsidiaries applied for
protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.  The Debtors' CCAA Stay expired
on Jan. 16, 2008.

The company and fourteen of its debtor-affiliates filed for
Chapter 11 protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case
No. 07-11738).  Shearman & Sterling LLP is the Debtor's bankruptcy
counsel, while Laura Davis Jones, Esq. at Pachulski, Stang, Ziehl
& Jones L.L.P. represents the Debtors as bankruptcy co-counsel.
The Official Committee of Unsecured Creditors selected Fried,
Frank, Harris, Shriver & Jacobson LLP as its bankruptcy counsel.
When the Debtors filed for bankruptcy, they listed total assets of
$681,960,000 and total debts of $601,090,000.

The Debtors' exclusive period to file a plan expires on March 18,
2008.

Pope & Talbot Pulp Sales Europe, LLC, a subsidiary, on Nov. 21,
2007, filed an application for relief under Belgian bankruptcy
laws in the commercial court in Brussels.  If the Belgian court
grants Pope & Talbot Europe's application, it is expected it will
be liquidated through the bankruptcy proceeding.

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


POPE & TALBOT: P&T LFP Files Schedules of Assets and Debts
----------------------------------------------------------
P&T LFP Investment Limited Partnerhip, a debtor-affiliate of Pope
& Talbot Ltd., submitted 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
        Revolver
          Wells Fargo Financial Corporation         30,463,024
          David W. Stack                            15,231,512
        Term B Loan
          Ableco Finance LLC                        16,409,331
          HBK Master Fund LP                        10,418,623
          Quadrangle Master Funding Ltd.             7,050,971
          Oak Hill Credit Opportunities              4,102,333
            Financing Ltd.
          Regiment Capital Special                   3,906,984
            Situations Fund III LP
          DK Acquisition Partners LP                 3,906,984
          Oak Hill Credit Alpha Finance I            3,774,146
            (Offshore) LLC
          OHA Capital Solutions LP                   2,666,516
          OHSF II Financing Ltd.                     1,640,933
          Fortress Credit Opportunities I LP         1,562,793
          Fortress Credit Funding I LP               1,562,793
          Oak Hill Credit Alpha Finance I LLC        1,476,840
          OHA Capital Solutions LP                   1,435,816
          Credit Genesis CLO 2005-1 Ltd.             1,302,328
          Durham Acquisition Co., LLC                1,041,862
          Fortress Credit Opportunities II LP          781,397
          OHSF Financing Ltd.                          656,373
        Term C Loan
          Ableco Finance LLC                        30,920,282
          HBK Master Fund LP                        19,631,925
          Quadrangle Master Funding Ltd.            13,286,222
          Oak Hill Credit Opportunities              7,730,070
            Financing Ltd.
          Regiment Capital Special                   7,361,972
            Situations Fund III LP
          DK Acquisition Partners LP                 7,361,972
          Oak Hill Credit Alpha Finance I            7,111,665
            (Offshore) LLC
          Fortress Credit Funding I LP               5,889,578
          OHA Capital Solutions LP                   5,024,546
          OHSF II Financing Ltd.                     3,092,028
          Oak Hill Credit Alpha Finance I  LLC       2,782,825
          OHA Capital Solutions LP                   2,705,525
          Credit Genesis CLO 2005-1 Ltd.             2,453,991
          Durham Acquisition Co., LLC                1,963,192
          Fortress Credit Opportunities I LP         1,472,394
          Lerner Enterprises LP                      1,236,811
          OHSF Financing Ltd.                        1,236,811
          Bank of America N.A.                         779,472
          Concordia Distressed Debt Fund LP            658,250
        Others                                       1,419,369

E.    Creditors Holding Unsecured Priority Claims         None

F.    Creditors Holding Unsecured Non-priority Claims     None

      TOTAL SCHEDULED LIABILITIES                 $233,510,459
      ========================================================

Headquartered in Portland, Oregon, Pope & Talbot Inc. (Other OTC:
PTBT.PK) -- http://www.poptal.com/-- is a pulp and wood products
business.  Pope & Talbot was founded in 1849 and produces market
pulp and softwood lumber at mills in the US and Canada.  Markets
for the company's products include the US, Europe, Canada, South
America and the Pacific Rim.

The company and its U.S. and Canadian subsidiaries applied for
protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.  The Debtors' CCAA Stay expired
on Jan. 16, 2008.

The company and fourteen of its debtor-affiliates filed for
Chapter 11 protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case
No. 07-11738).  Shearman & Sterling LLP is the Debtor's bankruptcy
counsel, while Laura Davis Jones, Esq. at Pachulski, Stang, Ziehl
& Jones L.L.P. represents the Debtors as bankruptcy co-counsel.
The Official Committee of Unsecured Creditors selected Fried,
Frank, Harris, Shriver & Jacobson LLP as its bankruptcy counsel.
When the Debtors filed for bankruptcy, they listed total assets of
$681,960,000 and total debts of $601,090,000.

The Debtors' exclusive period to file a plan expires on March 18,
2008.

Pope & Talbot Pulp Sales Europe, LLC, a subsidiary, on Nov. 21,
2007, filed an application for relief under Belgian bankruptcy
laws in the commercial court in Brussels.  If the Belgian court
grants Pope & Talbot Europe's application, it is expected it will
be liquidated through the bankruptcy proceeding.

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


POPE & TALBOT: P&T Power Files Schedules of Assets and Debts
------------------------------------------------------------
P&T Power Company, a debtor-affiliate of Pope & Talbot Ltd.,
submitted 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
        Revolver
          Wells Fargo Financial Corporation        $30,463,024
          David W. Stack                            15,231,512
        Term B Loan
          Ableco Finance LLC                        16,409,331
          HBK Master Fund LP                        10,418,623
          Quadrangle Master Funding Ltd.             7,050,971
          Oak Hill Credit Opportunities              4,102,333
            Financing Ltd.
          Regiment Capital Special                   3,906,984
            Situations Fund III LP
          DK Acquisition Partners LP                 3,906,984
          Oak Hill Credit Alpha Finance I            3,774,146
            (Offshore) LLC
          OHA Capital Solutions LP                   2,666,516
          OHSF II Financing Ltd.                     1,640,933
          Fortress Credit Opportunities I LP         1,562,793
          Fortress Credit Funding I LP               1,562,793
          Oak Hill Credit Alpha Finance I LLC        1,476,840
          OHA Capital Solutions LP                   1,435,816
          Credit Genesis CLO 2005-1 Ltd.             1,302,328
          Durham Acquisition Co., LLC                1,041,862
          Fortress Credit Opportunities II LP          781,397
          OHSF Financing Ltd.                          656,373
        Term C Loan
          Ableco Finance LLC                        30,920,282
          HBK Master Fund LP                        19,631,925
          Quadrangle Master Funding Ltd.            13,286,222
          Oak Hill Credit Opportunities              7,730,070
            Financing Ltd.
          Regiment Capital Special                   7,361,972
            Situations Fund III LP
          DK Acquisition Partners LP                 7,361,972
          Oak Hill Credit Alpha Finance I            7,111,665
            (Offshore) LLC
          Fortress Credit Funding I LP               5,889,578
          OHA Capital Solutions LP                   5,024,546
          OHSF II Financing Ltd.                     3,092,028
          Oak Hill Credit Alpha Finance I  LLC       2,782,825
          OHA Capital Solutions LP                   2,705,525
          Credit Genesis CLO 2005-1 Ltd.             2,453,991
          Durham Acquisition Co., LLC                1,963,192
          Fortress Credit Opportunities I LP         1,472,394
          Lerner Enterprises LP                      1,236,811
          OHSF Financing Ltd.                        1,236,811
          Bank of America N.A.                         779,472
          Concordia Distressed Debt Fund LP            658,250
        Others                                       1,419,369

E.    Creditors Holding Unsecured Priority Claims         None

F.    Creditors Holding Unsecured Non-priority Claims     None

      TOTAL SCHEDULED LIABILITIES                 $233,510,459
      ========================================================

Headquartered in Portland, Oregon, Pope & Talbot Inc. (Other OTC:
PTBT.PK) -- http://www.poptal.com/-- is a pulp and wood products
business.  Pope & Talbot was founded in 1849 and produces market
pulp and softwood lumber at mills in the US and Canada.  Markets
for the company's products include the US, Europe, Canada, South
America and the Pacific Rim.

The company and its U.S. and Canadian subsidiaries applied for
protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.  The Debtors' CCAA Stay expired
on Jan. 16, 2008.

The company and fourteen of its debtor-affiliates filed for
Chapter 11 protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case
No. 07-11738).  Shearman & Sterling LLP is the Debtor's bankruptcy
counsel, while Laura Davis Jones, Esq. at Pachulski, Stang, Ziehl
& Jones L.L.P. represents the Debtors as bankruptcy co-counsel.
The Official Committee of Unsecured Creditors selected Fried,
Frank, Harris, Shriver & Jacobson LLP as its bankruptcy counsel.
When the Debtors filed for bankruptcy, they listed total assets of
$681,960,000 and total debts of $601,090,000.

The Debtors' exclusive period to file a plan expires on March 18,
2008.

Pope & Talbot Pulp Sales Europe, LLC, a subsidiary, on Nov. 21,
2007, filed an application for relief under Belgian bankruptcy
laws in the commercial court in Brussels.  If the Belgian court
grants Pope & Talbot Europe's application, it is expected it will
be liquidated through the bankruptcy proceeding.

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


POPE & TALBOT: P&T Relocation Files Schedules of Assets and Debts
-----------------------------------------------------------------
Pope & Talbot Relocation Services Inc., a debtor-affiliate of Pope
& Talbot Ltd., submitted its schedules of assets and liabilities,
disclosing:

A.    Real Property                                         $0
B.    Personal Property
B.16  Accounts Receivable
        Intercompany trade receivable
          Pope & Talbot Inc.                           687,695
          Pope & Talbot Pulp Sales U.S. Inc.             4,051

      TOTAL SCHEDULED ASSETS                          $691,746
      ========================================================

C.    Property Claimed as Exempt                          None

D.    Creditors Holding Secured Claims
        Revolver
          Wells Fargo Financial Corporation        $30,463,024
          David W. Stack                            15,231,512
        Term B Loan
          Ableco Finance LLC                        16,409,331
          HBK Master Fund LP                        10,418,623
          Quadrangle Master Funding Ltd.             7,050,971
          Oak Hill Credit Opportunities              4,102,333
            Financing Ltd.
          Regiment Capital Special                   3,906,984
            Situations Fund III LP
          DK Acquisition Partners LP                 3,906,984
          Oak Hill Credit Alpha Finance I            3,774,146
            (Offshore) LLC
          OHA Capital Solutions LP                   2,666,516
          OHSF II Financing Ltd.                     1,640,933
          Fortress Credit Opportunities I LP         1,562,793
          Fortress Credit Funding I LP               1,562,793
          Oak Hill Credit Alpha Finance I LLC        1,476,840
          OHA Capital Solutions LP                   1,435,816
          Credit Genesis CLO 2005-1 Ltd.             1,302,328
          Durham Acquisition Co., LLC                1,041,862
          Fortress Credit Opportunities II LP          781,397
          OHSF Financing Ltd.                          656,373
        Term C Loan
          Ableco Finance LLC                        30,920,282
          HBK Master Fund LP                        19,631,925
          Quadrangle Master Funding Ltd.            13,286,222
          Oak Hill Credit Opportunities              7,730,070
            Financing Ltd.
          Regiment Capital Special                   7,361,972
            Situations Fund III LP
          DK Acquisition Partners LP                 7,361,972
          Oak Hill Credit Alpha Finance I            7,111,665
            (Offshore) LLC
          Fortress Credit Funding I LP               5,889,578
          OHA Capital Solutions LP                   5,024,546
          OHSF II Financing Ltd.                     3,092,028
          Oak Hill Credit Alpha Finance I  LLC       2,782,825
          OHA Capital Solutions LP                   2,705,525
          Credit Genesis CLO 2005-1 Ltd.             2,453,991
          Durham Acquisition Co., LLC                1,963,192
          Fortress Credit Opportunities I LP         1,472,394
          Lerner Enterprises LP                      1,236,811
          OHSF Financing Ltd.                        1,236,811
          Bank of America N.A.                         779,472
          Concordia Distressed Debt Fund LP            658,250
        Others                                       1,419,369

E.    Creditors Holding Unsecured Priority Claims         None

F.    Creditors Holding Unsecured Non-priority Claims     None

      TOTAL SCHEDULED LIABILITIES                 $235,510,459
      ========================================================

Headquartered in Portland, Oregon, Pope & Talbot Inc. (Other OTC:
PTBT.PK) -- http://www.poptal.com/-- is a pulp and wood products
business.  Pope & Talbot was founded in 1849 and produces market
pulp and softwood lumber at mills in the US and Canada.  Markets
for the company's products include the US, Europe, Canada, South
America and the Pacific Rim.

The company and its U.S. and Canadian subsidiaries applied for
protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.  The Debtors' CCAA Stay expired
on Jan. 16, 2008.

The company and fourteen of its debtor-affiliates filed for
Chapter 11 protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case
No. 07-11738).  Shearman & Sterling LLP is the Debtor's bankruptcy
counsel, while Laura Davis Jones, Esq. at Pachulski, Stang, Ziehl
& Jones L.L.P. represents the Debtors as bankruptcy co-counsel.
The Official Committee of Unsecured Creditors selected Fried,
Frank, Harris, Shriver & Jacobson LLP as its bankruptcy counsel.
When the Debtors filed for bankruptcy, they listed total assets of
$681,960,000 and total debts of $601,090,000.

The Debtors' exclusive period to file a plan expires on March 18,
2008.

Pope & Talbot Pulp Sales Europe, LLC, a subsidiary, on Nov. 21,
2007, filed an application for relief under Belgian bankruptcy
laws in the commercial court in Brussels.  If the Belgian court
grants Pope & Talbot Europe's application, it is expected it will
be liquidated through the bankruptcy proceeding.

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


POPE & TALBOT: P&T Pulp Files Schedules of Assets and Debts
-----------------------------------------------------------
Pope & Talbot Pulp Sales U.S. Inc., a debtor-affiliate of Pope &
Talbot Ltd., submitted its schedules of assets and liabilities,
disclosing:

A.    Real Property                                         $0
B.    Personal Property
B.13  Stock & Interests
        Pope & Talbot Pulp Sales Europe LLC         (1,133,293)
B.14  Investments in subsidiaries & others
        Pope & Talbot Factoring Ltd.                 4,993,899
B.16  Accounts Receivable
        Trade receivable (General)                  17,363,715
        Allowance for doubtful accounts             (2,097,133)
        Trade receivable adjustment                 (1,181,249)
        Intercompany receivable                          3,040
B.30  Inventory
        Pulp
          Various inventory                         11,067,912
          Prepaid cargo insurance                       77,280
          Net realization value adjustment              (2,822)
B.35  Other personal property
        Sales tax deposit                                  100
        Miscellaneous deposits                             100

      TOTAL SCHEDULED ASSETS                       $29,091,549
      ========================================================

C.    Property Claimed as Exempt                          None

D.    Creditors Holding Secured Claims
        Revolver
          Wells Fargo Financial Corporation        $30,463,024
          David W. Stack                            15,231,512
        Term B Loan
          Ableco Finance LLC                        16,409,331
          HBK Master Fund LP                        10,418,623
          Quadrangle Master Funding Ltd.             7,050,971
          Oak Hill Credit Opportunities              4,102,333
            Financing Ltd.
          Regiment Capital Special                   3,906,984
            Situations Fund III LP
          DK Acquisition Partners LP                 3,906,984
          Oak Hill Credit Alpha Finance I            3,774,146
            (Offshore) LLC
          OHA Capital Solutions LP                   2,666,516
          OHSF II Financing Ltd.                     1,640,933
          Fortress Credit Opportunities I LP         1,562,793
          Fortress Credit Funding I LP               1,562,793
          Oak Hill Credit Alpha Finance I LLC        1,476,840
          OHA Capital Solutions LP                   1,435,816
          Credit Genesis CLO 2005-1 Ltd.             1,302,328
          Durham Acquisition Co., LLC                1,041,862
          Fortress Credit Opportunities II LP          781,397
          OHSF Financing Ltd.                          656,373
        Term C Loan
          Ableco Finance LLC                        30,920,282
          HBK Master Fund LP                        19,631,925
          Quadrangle Master Funding Ltd.            13,286,222
          Oak Hill Credit Opportunities              7,730,070
            Financing Ltd.
          Regiment Capital Special                   7,361,972
            Situations Fund III LP
          DK Acquisition Partners LP                 7,361,972
          Oak Hill Credit Alpha Finance I            7,111,665
            (Offshore) LLC
          Fortress Credit Funding I LP               5,889,578
          OHA Capital Solutions LP                   5,024,546
          OHSF II Financing Ltd.                     3,092,028
          Oak Hill Credit Alpha Finance I  LLC       2,782,825
          OHA Capital Solutions LP                   2,705,525
          Credit Genesis CLO 2005-1 Ltd.             2,453,991
          Durham Acquisition Co., LLC                1,963,192
          Fortress Credit Opportunities I LP         1,472,394
          Lerner Enterprises LP                      1,236,811
          OHSF Financing Ltd.                        1,236,811
          Bank of America N.A.                         779,472
          Concordia Distressed Debt Fund LP            658,250
        Others                                       1,419,369

E.    Creditors Holding Unsecured Priority Claims         None

F.    Creditors Holding Unsecured Non-priority Claims
        Intercompany payable
          Pope & Talbot Inc.                        20,519,945
          Pope & Talbot Relocation Inc.                  4,051

      TOTAL SCHEDULED LIABILITIES                 $254,043,455
      ========================================================

Headquartered in Portland, Oregon, Pope & Talbot Inc. (Other OTC:
PTBT.PK) -- http://www.poptal.com/-- is a pulp and wood products
business.  Pope & Talbot was founded in 1849 and produces market
pulp and softwood lumber at mills in the US and Canada.  Markets
for the company's products include the US, Europe, Canada, South
America and the Pacific Rim.

The company and its U.S. and Canadian subsidiaries applied for
protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.  The Debtors' CCAA Stay expired
on Jan. 16, 2008.

The company and fourteen of its debtor-affiliates filed for
Chapter 11 protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case
No. 07-11738).  Shearman & Sterling LLP is the Debtor's bankruptcy
counsel, while Laura Davis Jones, Esq. at Pachulski, Stang, Ziehl
& Jones L.L.P. represents the Debtors as bankruptcy co-counsel.
The Official Committee of Unsecured Creditors selected Fried,
Frank, Harris, Shriver & Jacobson LLP as its bankruptcy counsel.
When the Debtors filed for bankruptcy, they listed total assets of
$681,960,000 and total debts of $601,090,000.

The Debtors' exclusive period to file a plan expires on March 18,
2008.

Pope & Talbot Pulp Sales Europe, LLC, a subsidiary, on Nov. 21,
2007, filed an application for relief under Belgian bankruptcy
laws in the commercial court in Brussels.  If the Belgian court
grants Pope & Talbot Europe's application, it is expected it will
be liquidated through the bankruptcy proceeding.

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


POPE & TALBOT: Penn Timber Files Schedules of Assets and Debts
--------------------------------------------------------------
Penn Timber Inc., a debtor-affiliate of Pope & Talbot Ltd.,
submitted its schedules of assets and liabilities, disclosing:

A.    Real Property                                         $0
B.    Personal Property
B.14  Investments in subsidiaries & others
        Pope & Talbot Finance One Limited Partnership  253,892
        Pope & Talbot Finance Two Limited Partnership  277,018
B.16  Accounts Receivable
        Intercompany trade receivable
          Pope & Talbot Inc.                             1,000

      TOTAL SCHEDULED ASSETS                          $481,910
      ========================================================

C.    Property Claimed as Exempt                          None

D.    Creditors Holding Secured Claims
        Revolver
          Wells Fargo Financial Corporation        $30,463,024
          David W. Stack                            15,231,512
        Term B Loan
          Ableco Finance LLC                        16,409,331
          HBK Master Fund LP                        10,418,623
          Quadrangle Master Funding Ltd.             7,050,971
          Oak Hill Credit Opportunities              4,102,333
            Financing Ltd.
          Regiment Capital Special                   3,906,984
            Situations Fund III LP
          DK Acquisition Partners LP                 3,906,984
          Oak Hill Credit Alpha Finance I            3,774,146
            (Offshore) LLC
          OHA Capital Solutions LP                   2,666,516
          OHSF II Financing Ltd.                     1,640,933
          Fortress Credit Opportunities I LP         1,562,793
          Fortress Credit Funding I LP               1,562,793
          Oak Hill Credit Alpha Finance I LLC        1,476,840
          OHA Capital Solutions LP                   1,435,816
          Credit Genesis CLO 2005-1 Ltd.             1,302,328
          Durham Acquisition Co., LLC                1,041,862
          Fortress Credit Opportunities II LP          781,397
          OHSF Financing Ltd.                          656,373
        Term C Loan
          Ableco Finance LLC                        30,920,282
          HBK Master Fund LP                        19,631,925
          Quadrangle Master Funding Ltd.            13,286,222
          Oak Hill Credit Opportunities              7,730,070
            Financing Ltd.
          Regiment Capital Special                   7,361,972
            Situations Fund III LP
          DK Acquisition Partners LP                 7,361,972
          Oak Hill Credit Alpha Finance I            7,111,665
            (Offshore) LLC
          Fortress Credit Funding I LP               5,889,578
          OHA Capital Solutions LP                   5,024,546
          OHSF II Financing Ltd.                     3,092,028
          Oak Hill Credit Alpha Finance I  LLC       2,782,825
          OHA Capital Solutions LP                   2,705,525
          Credit Genesis CLO 2005-1 Ltd.             2,453,991
          Durham Acquisition Co., LLC                1,963,192
          Fortress Credit Opportunities I LP         1,472,394
          Lerner Enterprises LP                      1,236,811
          OHSF Financing Ltd.                        1,236,811
          Bank of America N.A.                         779,472
          Concordia Distressed Debt Fund LP            658,250
        Others                                       1,419,369

E.    Creditors Holding Unsecured Priority Claims         None

F.    Creditors Holding Unsecured Non-priority Claims     None

      TOTAL SCHEDULED LIABILITIES                 $233,510,459
      ========================================================

Headquartered in Portland, Oregon, Pope & Talbot Inc. (Other OTC:
PTBT.PK) -- http://www.poptal.com/-- is a pulp and wood products
business.  Pope & Talbot was founded in 1849 and produces market
pulp and softwood lumber at mills in the US and Canada.  Markets
for the company's products include the US, Europe, Canada, South
America and the Pacific Rim.

The company and its U.S. and Canadian subsidiaries applied for
protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.  The Debtors' CCAA Stay expired
on Jan. 16, 2008.

The company and fourteen of its debtor-affiliates filed for
Chapter 11 protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case
No. 07-11738).  Shearman & Sterling LLP is the Debtor's bankruptcy
counsel, while Laura Davis Jones, Esq. at Pachulski, Stang, Ziehl
& Jones L.L.P. represents the Debtors as bankruptcy co-counsel.
The Official Committee of Unsecured Creditors selected Fried,
Frank, Harris, Shriver & Jacobson LLP as its bankruptcy counsel.
When the Debtors filed for bankruptcy, they listed total assets of
$681,960,000 and total debts of $601,090,000.

The Debtors' exclusive period to file a plan expires on March 18,
2008.

Pope & Talbot Pulp Sales Europe, LLC, a subsidiary, on Nov. 21,
2007, filed an application for relief under Belgian bankruptcy
laws in the commercial court in Brussels.  If the Belgian court
grants Pope & Talbot Europe's application, it is expected it will
be liquidated through the bankruptcy proceeding.

(Pope & Talbot Bankruptcy News, Issue No. 12; 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.  Shimero R. Jainga, Ronald C. Sy, Joel Anthony G. Lopez,
Cecil R. Villacampa, Melanie C. Pador, Ludivino Q. Climaco, Jr.,
Loyda I. Nartatez, Tara Marie A. Martin, Philline P. Reluya,
Joseph Medel C. Martirez, Ma. Cristina I. Canson, Christopher G.
Patalinghug, Frauline S. Abangan, 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 ***