TCR_Public/080329.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, March 29, 2008, Vol. 12, No. 75

                             Headlines



AEGIS MORTGAGE: Incurs $8,523,876 Net Loss in January 2008
AMERICAN LAFRANCE: Delivers Initial February 2008 Operating Report
ASARCO LLC: Earns $23,099,000 in Month Ended February 29
BLUE WATER: Discloses $85,049,531 in Total Scheduled Assets
DELTA FINANCIAL: Files Operating Report for February 2008

DUNMORE HOMES: Posts February 2008 Net Loss of $905,976
FEDDERS CORPORATION: Files January 2008 Monthly Operating Report
KUSHNER-LOCKE: Files October 2007 Monthly Operating Report
KUSHNER-LOCKE: Files November 2007 Monthly Operating Report
KUSHNER-LOCKE: Files December 2007 Monthly Operating Report

KUSHNER-LOCKE: Files January 2008 Monthly Operating Report
LEVITT AND SONS: Amends December 2007 Operating Report
LEVITT AND SONS: Amends January 2008 Operating Report
LEVITT AND SONS: Amends February 2008 Operating Report
NETBANK INC: Files Monthly Operating Report for February 2008

NEUMANN HOMES: Submits February 2008 Monthly Operating Report
NEW CENTURY: Incurs $7,401,935 Net Loss in Month Ended Jan. 31
SIRVA INC: Files Schedules of Assets and Liabilities
SIRVA INC: DJK Residential Files Schedules of Assets and Debts
TOUSA INC: Posts $7,967,000 Net Loss in Month Ended February 29

TOUSA INC: Amends Schedules to Disclose $55,000 in Receivables
TOUSA INC: Tousa Homes Files Amended Schedules of Assets & Debts
TOUSA INC: Three Affiliates File Amended Schedules
TOUSA INC: Eight Affiliates File Amended Schedules
TOUSA INC: Engle Homes Amends Statement of Financial Affairs

VESTA INSURANCE: Florida Select Files February 2008 Report



                             *********

AEGIS MORTGAGE: Incurs $8,523,876 Net Loss in January 2008
----------------------------------------------------------

                Aegis Mortgage Corporation, et al.
                    Consolidated Balance Sheet
                      As of January 31, 2008

                              Assets

Unrestricted Cash & Equivalents                     $27,513,074
Restricted Cash and Equivalents                      20,072,658
                                                 --------------
  Total Cash and Cash Equivalents                    47,585,732


Prime loans                                           3,875,396
Nonconforming Loans                                   2,245,726
Loan Premium (Discount), net                          2,169,645
Repurchased Loans                                     6,332,084
Loan Loss Reserve                                             -
                                                 --------------
  Mortgage Loans Held for Sale                       14,622,851


ABS Nonconforming                                 3,378,791,916
ABS Loan Premium (Discount), net                    (19,062,130)
ABS Loan Loss Reserve                              (196,549,140)
                                                 --------------
  Mortgage Loans Held for Investment              3,163,180,646

Accrued Interest - Loans Held for Sale                        -
Accrued Int. - Loans Held for Investment             23,684,113
                                                 --------------
Accrued Interest Receivable                          23,684,113

Mortgage Servicing Rights                                     -
Property and Equipment, net                             953,666
Deferred Income Taxes                                77,612,197
Goodwill                                                      -
Prepaid Rent and Deposits                               514,796
Derivative Assets                                   (20,491,867)
Receivable for Advances                              41,828,549
Servicer Related                                        298,752
Other Assets                                        640,429,922
Intercompany Receivable                                       0
                                                 --------------
TOTAL ASSETS                                     $3,990,219,357
                                                 ==============

                Liabilities & Shareholder's Equity

N/P Warehouse - Prime                              $540,186,233
N/p Warehouse - Nonconforming                        25,222,476
N/P Warehouse - Other                                18,970,212
N/P Warehouse - Repurchased                          11,933,754
                                                 --------------
Revolving Warehouse and                             596,312,674
  Repurchase Facilities

Bonds Payable                                     3,269,599,330
NAS IO Bonds Payable                                          -
NIM Bonds Payable                                    52,989,614
Bond Premium (Discount), net                        (22,590,158)
                                                 --------------
  Bond Financing on Mortgage
  Loans Held for Investment                       3,299,998,786

  Subordinated Debt                                 177,156,872
  Accrued Interest Payable                            6,727,958
  Accounts Payable and                               83,141,881
   Accrued Expenses
  Notes Payable-Other                                         -
                                                 --------------
Total Liabilities                                 4,163,338,171

Common Stock                                             97,386
Preferred Stock                                         104,000
Other Comprehensive Income                                    -
Paid in Capital                                      56,850,415
NR Related to Common Stock                           (5,890,925)
Distributions                                                 -
Treasury Stock                                                -
Dividends                                               (39,000)
Retained Earnings                                  (215,716,814)
Current Net Income Prepetition                                -
Current Net Income                                   (8,523,876)
                                                 --------------
Total Equity                                       (173,118,814)
                                                 --------------
TOTAL LIABILITIES & EQUITY                       $3,990,219,357
                                                 ==============

                 Aegis Mortgage Corporation, et al.
                   Consolidated Income Statement
                      January 1 to 31, 2008

Loans Held for
Sale
  Interest Income                                       $16,696
  Interest Expense                                            -
  Servicing Expense                                           -
                                                 --------------
  Net Interest Income                                    16,696

Loans Held for Investment
  Interest Income                                    25,427,419
  Interest Expense                                  (15,866,756)
  Servicing Expense                                  (1,462,784)
                                                 --------------
  Net Interest Income                                 8,097,879

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

Servicing and Prepayment Income                          97,965
Late Charges                                                  -
                                                 --------------
  Total Servicing Fees                                   97,965

Other Income (Loss)                                 (15,056,216)
                                                 --------------
Total Revenue                                        (6,843,676)

Salaries                                                207,669
Bonuses                                                       -
Commissions                                                   -
Employee Benefits                                             -
Payroll Taxes                                            27,279
Meetings & Travel                                           155
Meals & Entertainment                                       359
                                                 --------------
  Total Personnel Expenses                              235,462

Rent                                                    142,947
Telephone                                                41,386
Office Supplies                                          (2,214)
Shipping & Postage                                        1,411
Equipment                                             1,045,000
                                                 --------------
  Total Office Expenses                               1,228,530

Professional expense                                    758,301
Marketing                                                     -
Loan Related Expenses                                    72,251
Banking                                                       -
Other Taxes/Licenses/Fees                                25,480
Other Expenses                                          165,360
                                                 --------------
  Total Other Expenses                                1,021,392

  Direct Operating Expense                            2,485,384
  Direct Operating Income                            (9,329,060)

Loan Loss Provision                                    (887,380)
Deferred SFAS 91 Expenses                                     -
Sub Debt Expense                                              -
Depreciation Expense                                     82,196
Amortization                                                  -
Direct Allocation to Subs                                     -
Allocation Between Subs                                       -
                                                 --------------
  Indirect Operating Expense                           (805,184)
                                                 --------------
Total Expenses
                                                      1,680,200
Income (Loss) Before Taxes                           (8,523,876)

Federal and State Income Taxes                                -
                                                 --------------
Net Income (Loss)                                   ($8,523,876)
                                                 ==============

                Aegis Mortgage Corporation, et al.
                   Receipts and Disbursements
                  Month Ended January 31, 2008

Balance at Beginning of Period                      $26,663,143

RECEIPTS:
Cash Sales                                                    0
Accounts Receivable                                   2,055,264
Loans and Advances                                            0
Sale of Assets                                          260,249
Other Insurance Premiums                                      0
Transfers (from DIP Accounts)                                 0
Return of Investments
   Moulton Reinvestment                                       0
                                                 --------------
   Total Receipts                                     2,315,513

DISBURSEMENTS:
Net Payroll                                            (223,827)
Payroll Taxes                                            (1,216)
Sales, Use & Other Taxes                                  1,675
Inventory Purchases                                           0
Secured/Rental/Leases                                  (171,807)
Insurance--Health Benefits                              (15,611)
Administrative                                         (256,698)
Selling                                                       0
Other NSF's                                                   0

Owner Draw                                                    0
Transfers to DIP Accounts                                     0

Professional Fees                                      (432,665)
U.S. Trustee Quarterly Fees                             (12,000)
Court Costs                                                   0
                                                 --------------
Total Disbursements                                 ($1,112,148)
                                                 --------------
Net Cash Flow                                         1,203,365
                                                 --------------
Cash-End of Month                                   $27,866,508
                                                 ==============

The Debtors said in their Web site that they will send 2007
Earnings Statements (Form W-2) and 2007 Mortgage Interest
Statements (Form 1098) to former Aegis employees and former Aegis
servicing customers.

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

The company together with 10 affiliates filed for chapter 11
protection on Aug. 13, 2007 (Bankr. D. Del. Case No. 07-11119)
Curtis A. Hehn, Esq., James E. O'Neill, Esq., Laura Davis Jones,
Esq., and Timothy P. Cairns, Esq., at Pachulski, Stang, Ziehl, &
Jones, L.L.P., serve as counsel to the Debtors.  The Official
Committee of Unsecured Creditors is represented by Landis Rath &
Cobb LLP.  In schedules filed with the Court, Aegis disclosed
total assets of $138,265,342 and total debts of $4,125,470.  The
Debtors' exclusive period to file a plan of reorganization expires
on April 9, 2008.

(Aegis Bankruptcy News, Issue No. 19; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN LAFRANCE: Delivers Initial February 2008 Operating Report
------------------------------------------------------------------
American LaFrance LLC, delivered to the U.S. Bankruptcy Court for
the District of Delaware its initial Operating Report for the
month ended Feb. 29, 2008.

The Debtor relates that it is in the process of reconciling and
closing its accounts for the calendar year 2007, and thus is
unable to provide a month end balance sheet and a monthly income
statement for February 2008.  Instead, the Debtor provided
partial reports on revenues, available cash on hand, and
estimated inventory.

                     American LaFrance, LLC
                            Revenues
          For the Period from Jan. 28 to Feb. 29, 2008

      Emergency Vehicle Sales                   $2,506,240
      Vocational Vehicle Sales                     362,062
      Parts & Services Sales                       424,442
                                               -----------
      Total Sales                               $3,292,744
                                               ===========

                     American LaFrance, LLC
                          Cash on Hand
                     As of February 29, 2008

      Book Cash Balances
      Cash on Hand                              $1,215,853
      Cash in Professional Fee Escrow Account    1,075,000
      Cash in Prepetition Debt Account           4,740,693
      Cash in CD Account# 910 000 6538 2316        145,000
                                               -----------
         Sub-total                              $7,176,546
                                               -----------

      Restricted Cash                          $24,796,640
                                               -----------
         Grand Total -- Book Cash              $31,973,186
                                               ===========

      Bank Cash Balances
       Wachovia Acct#20000037502919                     $0
       Wachovia Acct#20000037503099              3,119,940
       Wachovia Acct#20000037503112              1,075,000
       Wachovia Acct#20000037503125                  8,188
       Wachovia Acct#20000037503138              4,571,532
       Bank of America Acct#910 000 65382316       145,000
       Bank of America Acct#0007 8283 0174               0
       Bank of America Acct#0007 8283 0365              56
       Bank of America Acct#0022 3117 2093             557
       Bank of America Acct#0022 3115 5968           6,294
       Bank of America Acct#3750610213             100,902
       Bank of America Acct#0000 8283 2981               0
       Bank of America Acct#0007 8283 2907               0
       Bank of America Acct#0007 8283 3142               0
       Bank of America Acct#0022 3117 2019               0
                                                ----------
         Sub-total                              $9,027,469
                                                ----------
       Bank of America Acct#0022 3116 3578     $24,796,640
                                               -----------
         Grand Total                           $33,824,110
                                               ===========

                      American LaFrance, LLC
                       Estimated Inventory
                     As of December 31, 2007

      Summerville:
         Raw Materials                         $24,600,000
         WIP                                    42,600,000
         FGI/Demo                                1,300,000
                                               -----------
           Total Summerville                   $67,900,000

         PDC                                     5,800,000

         Sanford -- All Raw Materials           $3,300,000
         Sanford WIP                             1,800,000
         Hamburg -- All Raw Materials              400,000
         Hamburg WIP                             2,100,000
         Ephrata -- Total                        6,300,000

         Estimated Used and Demo                 3,000,000
         Estimated E&O Reserve                  (3,100,000)
                                              ------------
           Total Inventory                     $87,500,000
                                              ============

                      American LaFrance, LLC
                 Cash Receipts and Disbursements
           For the Period from Jan. 28 to Feb. 29, 2008

      Beginning Cash Book Balance               $6,470,532
      (excluding Restricted Cash)

      Receipts:
      Accounts Receivable                        4,740,693
      Borrowing Under DIP Facility               5,000,000
                                                ----------
       Total Receipts                           $9,740,693
                                                ----------

      Disbursements:
       Admin                                      $150,478
       Out-bound freight                            69,493
       Taxes                                         2,300
       Employee Expense                              9,957
       Equipment Rental                            114,046
       Insurance                                   313,702
       Marketing                                    88,786
       Occupancy                                   433,526
       Payroll                                   2,327,298
       Employee Benefits & Contractors           1,065,242
       Audit/Tax                                       900
       Supplies                                     51,175
       Travel                                            0
       Utilities                                    20,680
       Inventory & Material                      4,429,293
       Utility Deposits                            102,794
       PPMG                                              0
       DIP Interest                                      0
       A -- Professional Fee Escrow              1,075,000
       B -- Payments on Prepetition Debt         4,740,693
                                               -----------
       Total Disbursements                     $14,995,362
                                               -----------
      Net Cash Flow                            $(5,254,669)
                                               -----------
      Ending Cash Book Balance                  $1,215,863
                                               ===========

                     About American LaFrance

Headquartered in Summerville, South Carolina, American LaFrance
LLC -- http://www.americanlafrance.com/-- is one of the oldest
fire apparatus manufacturers and one of the top six suppliers of
emergency vehicles in North America.  The company filed for
Chapter 11 protection on Jan. 28, 2008 (Bankr. D. Del. Case No.
08-10178).  Ian T. Peck, Esq., and Abigail W. Ottmers, Esq., at
Haynes and Boone LLP, are the Debtor's proposed Lead Counsel.
Christopher A. Ward, Esq., at Klehr, Harrison, Harvey, Branzburg &
Ellers LLP, are the Debtor's proposed local counsel.  In its
schedules of assets and debts filed Feb. 4, 2008, the Debtor
disclosed $188,990,680 in total assets and $89,065,038 in total
debts.  The Official Committee of Unsecured Creditors is
represented by Pepper Hamilton LLP.

The Debtor's exclusive period to file a plan expires on May 27,
2008. The Debtor filed its plan of reorganization on February 3,
the confirmation hearing of which is set for April 18, 2008.
(American LaFrance Bankruptcy News, Issue No. 11; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).


ASARCO LLC: Earns $23,099,000 in Month Ended February 29
--------------------------------------------------------

                        ASARCO LLC, et al.
                           Balance Sheet
                      As of February 29, 2008

ASSETS
   Current Assets:
   Cash                                           $935,710,000
   Restricted Cash                                  25,368,000
   Accounts receivable, net                        177,246,000
   Inventory                                       320,428,000
   Prepaid expenses                                  4,842,000
   Other current assets                             10,095,000
                                               ---------------
Total Current Assets                             1,473,689,000

Net property, plant and equipment                  476,264,000
Other Assets
   Investments in subs                             100,719,000
   Advances to affiliates                              439,000
   Prepaid pension & retirement plan                         0
   Non-current deferred tax asset                   40,951,000
   Other                                            96,828,000
                                               ---------------
Total assets                                    $2,188,891,000
                                               ===============

LIABILITIES
   Postpetition liabilities:
   Accounts payable                                $68,087,000
   Accrued liabilities                             576,238,000
   Debtor-in-possession financing                            0
                                               ---------------
Total postpetition liabilities                     644,325,000

Prepetition liabilities:
Not subject to compromise - credit                    3670,000
Not subject to compromise - other                  130,981,000
Advances from affiliates                            24,066,000
Subject to compromise                            1,689,744,000
                                               ---------------
Total prepetition liabilities                    1,848,462,000
                                               ---------------
Total liabilities                               $2,492,787,000
                                               ---------------

OWNERS' EQUITY (DEFICIT)
Common stock                                       508,324,000
Additional paid-in capital                         104,578,000
Other comprehensive income                        (26,4182,000)
Retained earnings: filing date                  (1,591,978,000)
                                               ---------------
Total prepetition owners' equity                (1,243,258,000)
Retained earnings: post-filing date                939,362,000
                                               ---------------
Total owners' equity (net worth)                  (303,897,000)

Total liabilities and owners' equity            $2,188,891,000
                                               ===============

                           ASARCO LLC, et al.
               Consolidated Statement of Operations
                    Month Ended February 29, 2008

Sales                                             $159,088,000
Cost of products and services                      117,311,000
                                               ---------------
Gross profit                                        41,778,000

Operating expenses:
Selling and general & admin expenses                 3,321,000
Depreciation & amortization                          2,940,000
Provision accretion expense of asset
   retirement obligation                               441,000
                                               ---------------
Operating income                                    35,076,000

Interest expense                                        25,000
Interest income                                     (2,243,000)
Reorganization expenses                              5,901,000
Other miscellaneous (income) expenses               (6,630,000)
                                               ---------------
Income (loss) before taxes                          38,023,000
Income taxes                                        14,924,000
                                               ---------------
Net income (loss)                                  $23,099,000
                                               ===============

                           ASARCO LLC, et al.
             Consolidated Cash Receipts & Disbursements
                   Month Ended February 29, 2008

Receipts                                          $153,728,000
Disbursements:
Inventory material                                  58,161,000
Operating disbursements                             50,488,000
Capital expenditures                                13,732,000
                                               ---------------
Total disbursements                                122,381,000

Operating cash flow                                 31,346,000
Reorganization disbursements                         3,607,000
                                               ---------------
Net cash flow                                       27,740,000
Net payments to secured Lenders                              0
                                               ---------------
Net change in cash                                  27,740,000
Beginning cash balance                             933,338,000
                                               ---------------
Ending cash balances                              $961,078,000
                                               ===============

                           About ASARCO

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 Court gave the Debtors until April 11, 2008, to file a plan of
reorganization.  (ASARCO Bankruptcy News, Issue No. 69; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).


BLUE WATER: Discloses $85,049,531 in Total Scheduled Assets
-----------------------------------------------------------
Blue Water Automotive Systems Inc. submitted its schedules of
assets and liabilities with the United States Bankruptcy Court
Eastern District of Michigan, disclosing:

A.     Real Property
           Administrative Office Building             $1,525,000
           Busha Highway Plant                           567,000
           Marysville Building                           225,000
           Administrative Office Land                    180,000
           Busha Highway Plant Land                       63,000
           Marysville Land                                25,000

B.     Personal Property
B.1        Cash on hand                                    6,750
B.2        Deposits
              LaSalle Bank Midwest NA                   (493,348)
              LaSalle Bank Midwest NA                     47,965
              Comerica                                     1,766
B.3        Security Deposits
              Blue Cross Blue Shield                     208,002
              General Electric Capital Corp.            208,120
              General Electric Capital Corp.             208,120
              RL Enterprises Real Property Taxes          98,528
              RL Enterprises, LLC                         53,906
              Delta Dental                                47,175
              Principal Life                              24,900
              North Winds Investment Corp.                 2,584

B.4    Household goods and furnishings, including
         audio, video, and computer equipment                 --
B.5    Books, pictures and other art objects, etc.          None
B.6    Wearing apparel                                      None
B.7    Furs and jewelry                                     None
B.8    Firearms and sports, photographic, and other
         hobby equipment                                    None
B.9    Interests in insurance policies             No cash value
B.10   Annuities                                            None
B.11   Interests in an education IRA as defined in
         26 U.S.C. Section 530(b)(1)                        None
B.12   Interests in IRA, ERISA, Keogh, or other
         pension or profit sharing plans                    None
B.13   Stock and interests in businesses                 Unknown
B.14   Interests in partnerships or joint ventures.            0
B.15   Government and corporate bonds                          0
B.16   Accounts Receivable
          Trade Receivable
             Ford Motor Company                        5,486,642
             General Motors Corporation                2,356,090
             Integram                                  1,425,281
             Chrysler LLC                              1,898,923
             Automotive Components Holdings, LLC       1,649,893
             Air International, Inc.                   1,112,075
             Mercedes Benz USA                           698,375
             Dakkota Integrated Systems                  503,339
             Johnson Controls                            417,142
             Lear Corporation                            400,950
             Excelsior Springs Seating Systems           268,163
           Tooling Receivables
             Ford Motor Company                        3,024,730
             Johnson Controls Inc                        703,465
             Chrysler LLC                                583,080
           Intercompany Receivable                    12,003,232
           Others                                      9,620,868
B.17   Alimony, maintenance, support, and
         property settlements debtor is entitled to         None
B.18   Other liquidated debts including tax refunds
           Michigan UAI Refund                           100,128
           US Dept of Treasury                            40,777
           US Dept of Treasury PEHBT                       2,130
B.19   Equitable or future interests, life estates,
         and rights or powers exercisable for the
         debtor's benefit                                   None
B.20   Contingent and noncontingent interests in
         estate of a decedent, death benefits plan,
         life insurance policy, or trust                    None
B.21   Other contingent and unliquidated claims             None
B.22   Patents, copyrights, and other intellectual property
          Rotary Stack of Injection Molding              Unknown
          Patent No. 6210266                             Unknown
          Patent No. 6026852                             Unknown
B.23   Licenses, franchises, and other
       general intangibles                          Undetermined
B.24   Customer lists or other compilations                 None
B.25   Automobiles and other vehicles and accessories
          Dodge Van                                        4,011
          Chevrolet Truck                                  2,557
          Used Stake Truck                                 1,209
          Dodge Pickup Truck                                 550
          GMC Sierra                                         333
          Ford Stake Truck                                   187
          GMC Sierra                                         125
          Dodge Truck                                        125
B.26   Boats, motors, and accessories                       None
B.27   Aircraft and accessories                             None
B.28   Office equipment, furnishings, and supplies
          Computer equipment and software                365,504
          Marysville Admin. Office Furnitures & Fixtures  95,703
          Howell Plant Furniture & Fixtures               24,179
          Port Huron Plant Furniture & Fixture            21,358
          Burlington Plant Furniture & Fixtures           12,840
          Haas Plant Furniture & Fixtures                  6,702
          Range Road Plant Furniture & Fixtures              802
B.29   Machinery, fixtures, equipment and supplies
          Haas Plant Machinery and Equipment           6,908,481
          Howell Plant Machinery and Equipment         2,829,973
          Range Road Plant Machinery and Equipment     2,141,088
          Burlington Plant Machinery and Equipment     2,174,356
          Howell Plant Returnable Containers           1,637,098
          Caro Plant Machinery and Equipment             849,818
          Haas Custom Equipment/Tooling                  289,850
          Others                                       7,197,237
B.30   Inventory
          Whiting - Raw Material & Work in Progress    1,128,892
          Range - Raw Material & Work in Progress      1,043,003
          Port Huron- Raw Material & Work in Progress    948,092
          Range - Finished Goods                         890,589
          Haas Raw Material & Work in Progress           845,516
          Howell Raw Material                            817,924
          Burlington Raw Material                        782,673
          Port Huron - Finished Goods                    721,960
          Others                                       3,305,715
B.31   Animals                                              None
B.32   Crops - growing or harvested                         None
B.33   Farming equipment and implements                     None
B.34   Farms supplies, chemicals, and feed                  None
B.35   Other personal property
          Molds in Process                             4,706,303

       TOTAL SCHEDULED ASSETS                        $85,049,531
       ==========================================================

D.     Creditors Holding Secured Claims
          Secured Creditors
             CIT Capital USA Inc.                    $14,981,372
             CIT Group/Business Credit                17,560,463
             CIT Group/Equipment Financing Inc.       14,460,230
             KPS Special Situations Fund II L.P.       5,000,000
             Microsoft Financing                         216,048
          Lease Payments                                 465,127
          Molding/Tooling Contracts                      Unknown

E.     Creditors Holding Unsecured Claims
          State of Michigan                              100,000
          City of St. Clair                               86,475
          Ohio Commercial Activity Tax                    40,000
          Indianfields                                    35,788
          Lexington Township                              29,585
          Howell Township                                 28,980
          City of Marysville                              20,936
          Alamance County                                  6,277
          City of Port Huron                               5,983

F.     Creditors Holding NonPriority Claims
           Trade Claim
                PolyOne Distribution                   1,657,245
                Basic Tool Inc.                        1,455,300
                RheTech Inc.                           1,371,086
                Crest Mold Technology Inc.             1,255,660
                Sentech On-Site Services               1,167,043
                DTE Energy                             1,063,232
                Active Burgess Mold                      885,163
                PME Companies                            726,341
                Wellman Inc.                             598,239
                Sundance Products Inc.                   567,950
                Infor Global Solutions                   530,349
                Qualified Staffing                       435,073
                Innovene O&D USA LLC                     424,751
                Plastomer Corporation                    422,943
                American Autocoat Inc.                   382,427
                Spartech/Resin Express Distributors      387,632
                Superior Mold Services                   346,465
                D & N Die & Mold Inc.                    341,957
                Milacron Marketing Company               296,840
                Romeo Mold Technologies Inc.             294,500
                Stephenson Electric Co Inc.              277,030
                Packaging Corp of America                228,256
                Cooper-Standard Automotive               224,104
                Mold-Tech Standex Engraving Group        222,550
                ENTEC Engineered Resin, Inc.             220,682
                Unique Fabricating Inc.                  217,931
                Rennco Automation Systems Inc.           212,800
                Complete Prototype Services              203,388
                Uniform Color Company                    199,181
                R & W Metal Inc.                         171,411
                Aphagary Canada LTD                      170,197
                Valley Crane & Rigging                   170,000
                Borgers USA Corp                         165,422
                Talma Fastener Corp.                     163,863
                Ticona                                   161,285
                Radiance Mold & Engineering Inc.         150,333
                Applied Technologies and Resources       147,227
                Intrax Performance Resources             136,218
                Delta Dental Plan                        132,340
                Diemould Tooling Services                130,560
                Sundance Products Inc.                   129,162
                BodyCote Materials Testing               127,691
                Entropex                                 125,179
                Phoenix Machinery Movers                 124,630
                Three 60 Productions                     118,456
                Advanced Elastomer Systems               117,656
                ARD Logistics- Alabama                   114,309
                Metzeler/Maps Holding Inc.               114,111
                City of St. Clair                        113,599
                Advance Molds                            112,800
                Marshall E. Campbell Co.                 110,073
                Superior Tool & Mold Inc                 106,155
                Kanematsu USA Inc.                       100,320
                Pratt Industries                         100,710
                Paragon Die & Engineering Co.            100,062
                State of Michigan                        100,550
                Rapid Global Business Solutions           99,591
                Synergia Automotive                       94,513
                Jo-Ad Industries                          94,446
                HS Die & Engineering Inc.                 93,350
                Tinnerman Palnut                          93,315
                Park Nameplate Company Inc                92,398
                Henkelorbseal                             88,621
                Sturges Manufacturing Company Inc.        85,988
                World Corrugated Container Inc.           85,469
                Positive Quality Solutions, Inc.          84,596
                Washington Penn Plastics Co Inc.          84,351
                St. Clair Packaging Inc.                  84,055
                HP Pelzer Auto Systems Inc.               83,334
                Costello Enterprises                      75,140
                Standard Components, Inc.                 74,525
                Twin Corporation                          69,637
                Blue Water Lift Truck Service             69,249
                The Materials Group LLC                   69,239
                Tool Plas Systems Inc.                    69,045
                TRW Automotive Electronics                68,778
                PolyOne Color                             64,229
                GT Industries Inc.                        63,573
                Conair Group Inc.                         62,729
                Vidon Plastics, Inc.                      60,319
                Trans-Man Logistics, Inc.                 57,527
                CNI Inc.                                  53,550
                Fanuc Products LLC                        51,149
                Oracle Corporation                        50,688
                Precision Stamping                        50,542
                Nova Chemicals Inc                        50,344
                Eteron Inc.                               45,612
                Michigan petroleum Tech Inc.              42,911
                Termax Corp                               40,010
                Others                                11,207,394
           Intercompany Payable
                Blue Water Automotive Systems Inc.        14,219

           A list of all Non-Priority Creditors is available for
           free at:

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

       TOTAL LIABILITIES                              $86,473,112
       ==========================================================

                   About Blue Water Automotive

Blue Water Automotive Systems, Inc. designs and manufactures
engineered thermoplastic components and assemblies for the
automotive industry.  The company's product categories include
airflow management, full interior trim/sub-systems, functional
plastic components, and value-added assemblies.  They are
supported by full-service design, program management,
manufacturing and tooling capabilities.  With more than 1,400
employees, Blue Water operates eight manufacturing and product
development facilities and has annual revenues of approximately
US$200 million.  The company's headquarters and technology
center is located in Marysville, Mich.  The company has
operations in Mexico.

In 2005, KPS Special Situations Fund II, L.P., and KPS Special
Situations Fund II(A), L.P., acquired Blue Water Automotive
through a stock purchase transaction.  In 2006, the company
acquired the automotive assets and operations of Injectronics,
Inc., a manufacturer of thermoplastic injection molded
components and assemblies.  KPS then set about reorganizing the
company.  The company implemented a program to improve operating
performance and address its liquidity issues.  During 2007, the
company replaced senior management, closed two facilities, and
reduced overhead spending by one third.

Blue Water Automotive and four affiliates filed for chapter 11
bankruptcy protection Feb. 12, 2008 (Bankr. E.D. Mich. Case No.
08-43196).  Judy O'Neill, Esq., and Frank DiCastri, Esq., at Foley
& Lardner, LLP, serves as the Debtors' bankruptcy counsel.
Administar Services Group LLC acts as the Debtors' claims,
noticing, and balloting agent.  Blue Water's bankruptcy petition
lists assets and liabilities each in the range of US$100 million
to US$500 million.  (Blue Water Automotive Bankruptcy News, Issue
No. 8; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or  215/945-7000)


DELTA FINANCIAL: Files Operating Report for February 2008
---------------------------------------------------------
Richard Blass, executive vice president of Delta Financial
Corporation, delivered to the Court the Debtors' monthly
operating report for the period February 1 to 29, 2008, which
includes schedules of:

   (a) cash receipts and disbursements,
   (b) bank reconciliation, and
   (c) professionals fees paid.

A full-text copy of the February 2008 MOR is available for free
at http://bankrupt.com/misc/DFCFebruaryReport.pdf

Mr. Blass disclosed that the bank accounts maintained by the
Debtors have cash balances at the end of Feb. 29, 2008:

   Debtor                                       Cash Balance
   ------                                       ------------
   Delta Funding Corporation                      $2,933,661
   Delta Financial Corporation                        54,406
   Renaissance R.E.I.T. Investment Corp.              33,699
   Fidelity Mortgage                                 (60,162)

Mr. Blass said the Debtors will provide a statement of
operations; a summary of unpaid postpetition debts and accounts
payable and accounts receivable; and a balance sheet as of
February 29, 2008, after completion of the closing of the
Debtors' books for month of February.

                       About Delta Financial

Founded in 1982, Delta Financial Corporation (NASDAQ: DFC) --
http://www.deltafinancial.com/-- is a Woodbury, New York-based
specialty consumer finance company that originates, securitizes
and sells non-conforming mortgage loans.

The company filed a chapter 11 petition on December 17, 2007
(Bankr. D. Del. Lead Case No. 07-11880).  On the same day, three
affiliates filed separate chapter 11 petitions -- Delta Funding
Corp., Renaissance Mortgage Acceptance Corp., and Renaissance
R.E.I.T. Investment Corp. -- (Bankr. D. Del. Case Nos. 07-11881 to
07-11883).

The Debtors selected Morrison & Foerster LLP as their general
bankruptcy counsel and David B. Stratton, Esq. and James C.
Carignan, Esq. at Pepper Hamilton LLP as their counsel.  The
Debtors hired AlixPartners LLP as their claims agent.  The
Debtors' amended consolidated quarterly financial condition as of
Sept. 30, 2007, showed $7,223,528,000 in total assets and
$7,108,232,000 in total liabilities.  The Debtors' petition listed
D.B. Structured Products Inc. as their largest unsecured creditor
holding a $19,500,000 claim.  The Debtors' exclusive period to
file a plan expires on April 15, 2008.  (Delta Financial
Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service
Inc.http://bankrupt.com/newsstand/or 215/945-7000).


DUNMORE HOMES: Posts February 2008 Net Loss of $905,976
-------------------------------------------------------

                        Dunmore Home, Inc.
                          Balance Sheet
                     As of February 29, 2008

                             ASSETS

Current Assets:
Cash and cash equivalents - unrestricted             $3,448,420
Cash and cash equivalents - restricted                  350,000
Accounts receivable, net                                598,111
                                                    -----------
Total current assets                                  4,396,531

Property and Equipment:
Real property                                                 0
Machinery & equipment                                         0
Furniture & fixtures                                    494,090
Office equipment                                        134,856
Leasehold improvements                                        0
Vehicles                                                 15,506
                                                    -----------
Total Property and Equipment                            644,452

Other Assets:
Loans to shareholders                                11,369,342
Deferred compensation funds                                   0
Other various                                           884,815
Investment in subs                                    6,168,071
                                                    -----------
Total Other Assets                                   18,422,228
                                                    -----------
Total Assets                                        $23,463,211
                                                    ===========

               LIABILITIES & SHAREHOLDERS' DEFICIT

Postpetition Liabilities:

Salaries & wages                                        $52,606
Accounts payable (trade)                                 23,975
Accrued professional fees                               997,740
Current portion of long-term debt                             0
                                                    -----------
Total postpetition liabilities                        1,074,321

Prepetition Liabilities:

Secured claims                                                0
Priority unsecured claims                               213,938
General unsecured claims                             27,131,281
                                                    -----------
Total prepetition liabilities                        27,345,219

Total liabilities                                   $28,419,540
                                                    -----------

Shareholders' deficit:
Retained earnings                                   ($1,147,744)
Capital stock                                            25,000
Additional paid-in capital                                    0
Cumulative profit                                    (3,833,585)
                                                    -----------
Total deficit                                       ($4,956,329)
                                                    -----------
Total liabilities and shareholders' deficit         $23,463,211
                                                    ===========

                        Dunmore Home, Inc.
                     Statement of Operations
               for the month ended February 29, 2008

Revenues:
Rental/Leases                                            $7,740
Interest                                                    410
Other Income                                              5,574
                                                    -----------
Total revenues                                           13,724

Expenses:
Administrative                                           30,107
Interest                                                 22,500
Compensation to Owner/Officer                           104,606
Salaries                                                 37,721
Real Property                                          (130,162)
Insurance                                                11,893
Depreciation                                                  0
Employer Payroll Taxes                                    9,914
Other Expenses                                              298
Legal & Loan Fees JMP paid by Mr. Dunmore                     0
                                                    -----------
Total expenses                                           86,877
                                                    -----------
Earnings before reorganization & income tax             (73,153)

Reorganization items:
Professional fees                                      (832,823)
                                                    -----------
Loss before income tax & discontinued operations       (905,976)
                                                    -----------
Income tax benefit                                            -
Loss before discontinued operations                           -
                                                    -----------
Discontinued operations:
Loss from discontinued operations                             -
                                                    -----------
Net loss                                              ($905,976)
                                                    ===========

                        Dunmore Home, Inc.
                            Cash Flow
              for the period ended February 29, 2008

Cash Receipts:
Cash from sale                                               $0
Rent & service fee income from Dunmore Land Co.           6,725
Other cash receipts                                      70,071
                                                    -----------
Total cash receipts                                      76,796

Cash disbursements:
Administrative                                           46,099
Salaries                                                 76,517
Commissions/Royalties                                    14,000
Salaries/Commissions (less employee withholding)         50,166
Employer payroll taxes                                    9,914
Consulting fees                                          11,568
Other                                                       289
Warranty work                                             1,333
Legal & professional fees                               617,741
                                                    -----------
Total cash disbursements                                827,627

Net decrease in cash                                   (750,831)

Cash balance, beginning of period                     4,198,575
                                                    -----------
Cash balance, end of period                          $3,447,744
                                                    ===========

                       About Dunmore Homes

Based in Granite Bay, California, Dunmore Homes Inc. is a
privately-owned homebuilder.  The company filed for Chapter 11
protection on Nov. 8, 2007 (Bankr. S.D.N.Y. Case No. 07-13533).
Maria A. Bove, Esq., and Debra I. Grassgreen, Esq., at Pachulski
Stang Ziehl & Jones LLP, represent the Debtor in its restructuring
efforts.  The Official Committee of Unsecured Creditors has
selected Morrison & Foerster LLP as its counsel in this bankruptcy
proceeding.

In January 2008, the U.S. Bankruptcy Court for the Southern
District of New York ordered the transfer of Debtor's Chapter 11
case to the U.S. Bankruptcy Court for the Eastern District of
California, Sacramento Division.

The Debtor has filed a plan of liquidation and accompanying
disclosure statement on March 21, 2008.  (Dunmore Bankruptcy News,
Issue No. 12; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


FEDDERS CORPORATION: Files January 2008 Monthly Operating Report
----------------------------------------------------------------
Fedders Corporation and its debtor-affiliates submitted to the
United States Bankruptcy Court for the District of Delaware their
January 2008 monthly operating report.

The Debtors generated total net sale of $7,758,000 and incurred a
net loss of $18,691,000 for the month ending Jan. 31, 2008.

As of Jan. 31, 2008, the Debtors' consolidated balance sheet
showed total assets of $130,279,000, total liabilities of
$338,211,000, and total stockholders' deficit of $207,932,000.

A full-text copy of the Debtors' January 2008 operating report is
available for free at: http://ResearchArchives.com/t/s?29b0

                    About Fedders Corporation

Based in Liberty Corner, New Jersey, Fedders Corporation --
http://www.fedders.com/-- manufactures and markets air
treatment products, including air conditioners, air cleaners,
dehumidifiers, and humidifiers.  The company has production
facilities in the United States in Illinois, North Carolina, New
Mexico, and Texas and international production facilities in the
Philippines, China and India.

The company filed for Chapter 11 protection on Aug. 22, 2007,
(Bankr. D. Del. Case No. 07-11182).  Its debtor-affiliates
filed for separate Chapter 11 cases.  Norman L. Pernick, Esq.,
Irving E. Walker, Esq., and Adam H. Isenberg, Esq., of Saul,
Ewing, Remick & Saul LLP, represent the Debtors in their
restructuring efforts.  The Debtors have selected Logan & Company
Inc. as claims and noticing agent.  The Official Committee of
Unsecured Creditors is represented by Brown Rudnick Berlack
Israels LLP.  When the Debtors filed for protection from its
creditors, it listed total assets of $186,300,000 and total debts
of $322,000,000.

                            *    *    *

As reported in the Troubled Company Reporter on March 4, 2008,
the Debtors asked the Court to further extend their exclusive
period to file a Chapter 11 plan until April 14, 2008.


KUSHNER-LOCKE: Files October 2007 Monthly Operating Report
----------------------------------------------------------
The Kushner-Locke Company and its debtor-affiliates filed their
monthly operating report for the period Oct. 1, 2007, through
Oct. 31, 2007, with the U.S. Bankruptcy Court for the Central
District of California, Los Angeles Division.

For the month ending Oct. 31, 2007, The Kushner-Locke Company's
Profit & Loss Statement shows:

      Gross Profit                           $0
      Total Operating Expenses          $58,799
      Total Non-Operating Expenses           $0

      Net Income (Loss)               ($58,799)

The Kushner-Locke Company also filed its cash receipts and
disbursements report for the period from Oct. 1, 2007, through
Oct. 31, 2007.

Full-text copies of The Kushner-Locke Company's October 2007
Monthly Operating Reports are available at no charge at:

Profit & Loss Statement:

               http://ResearchArchives.com/t/s?29b1

Cash Receipts and Disbursements Report:

               http://ResearchArchives.com/t/s?29b2

Headquartered in Los Angeles, California, The Kushner-Locke
Company is a low-budget movie production studio.  The Company,
along with its debtor-affiliates filed for chapter 11 protection
on Nov. 21, 2001 (Bankr. C.D. Calif. Case No. 01-44828).  Alan L.
Braunstein, Esq, Christopher M. Condon, Esq., and Kristin M.
McDonough, Esq., at Riemer & Braunstein, LLP, represent the
Debtors in their restructuring efforts.  Jager Smith, Esq.,
and Michael J. Fencer, Esq., at One Financial Center, represent
the Official Committee of Unsecured Creditors.


KUSHNER-LOCKE: Files November 2007 Monthly Operating Report
-----------------------------------------------------------
The Kushner-Locke Company and its debtor-affiliates filed their
monthly operating report for the period Nov. 1, 2007, through
Nov. 30, 2007, with the U.S. Bankruptcy Court for the Central
District of California, Los Angeles Division.

For the month ending Nov. 30, 2007, The Kushner-Locke Company's
Profit & Loss Statement shows:

      Gross Profit                           $0
      Total Operating Expenses         $100,226
      Total Non-Operating Expenses      $21,174

      Net Income (Loss)               ($121,400)

The Kushner-Locke Company also filed its cash receipts and
disbursements report for the period from Nov. 1, 2007, through
Nov. 30, 2007.

Full-text copies of The Kushner-Locke Company's November 2007
Monthly Operating Reports are available at no charge at:

Profit & Loss Statement:

               http://ResearchArchives.com/t/s?29b4

Cash Receipts and Disbursements Report:

               http://ResearchArchives.com/t/s?29b3

Headquartered in Los Angeles, California, The Kushner-Locke
Company is a low-budget movie production studio.  The Company,
along with its debtor-affiliates filed for chapter 11 protection
on Nov. 21, 2001 (Bankr. C.D. Calif. Case No. 01-44828).  Alan L.
Braunstein, Esq, Christopher M. Condon, Esq., and Kristin M.
McDonough, Esq., at Riemer & Braunstein, LLP, represent the
Debtors in their restructuring efforts.  Jager Smith, Esq.,
and Michael J. Fencer, Esq., at One Financial Center, represent
the Official Committee of Unsecured Creditors.


KUSHNER-LOCKE: Files December 2007 Monthly Operating Report
-----------------------------------------------------------
The Kushner-Locke Company and its debtor-affiliates filed their
monthly operating report for the period Dec. 1, 2007, through
Dec. 31, 2007, with the U.S. Bankruptcy Court for the Central
District of California, Los Angeles Division.

For the month ending Dec. 31, 2007, The Kushner-Locke Company's
Profit & Loss Statement shows:

      Gross Profit                           $0
      Total Operating Expenses          $75,502
      Total Non-Operating Expenses      $15,444

      Net Income (Loss)                ($90,947)

The Kushner-Locke Company also filed its cash receipts and
disbursements report for the period from Dec. 1, 2007, through
Dec. 31, 2007.

Full-text copies of The Kushner-Locke Company's December 2007
Monthly Operating Reports are available at no charge at:

Profit & Loss Statement:

               http://ResearchArchives.com/t/s?29b6

Cash Receipts and Disbursements Report:

               http://ResearchArchives.com/t/s?29b5

Headquartered in Los Angeles, California, The Kushner-Locke
Company is a low-budget movie production studio.  The Company,
along with its debtor-affiliates filed for chapter 11 protection
on Nov. 21, 2001 (Bankr. C.D. Calif. Case No. 01-44828).  Alan L.
Braunstein, Esq, Christopher M. Condon, Esq., and Kristin M.
McDonough, Esq., at Riemer & Braunstein, LLP, represent the
Debtors in their restructuring efforts.  Jager Smith, Esq.,
and Michael J. Fencer, Esq., at One Financial Center, represent
the Official Committee of Unsecured Creditors.


KUSHNER-LOCKE: Files January 2008 Monthly Operating Report
----------------------------------------------------------
The Kushner-Locke Company and its debtor-affiliates filed their
monthly operating report for the period Jan. 1, 2008, through
Jan. 31, 2008, with the U.S. Bankruptcy Court for the Central
District of California, Los Angeles Division.

For the month ending Jan. 31, 2008, The Kushner-Locke Company's
Profit & Loss Statement shows:

      Gross Profit                           $0
      Total Operating Expenses          $54,230
      Total Non-Operating Expenses      $65,281

      Net Income (Loss)               ($119,511)

The Kushner-Locke Company also filed its cash receipts and
disbursements report for the period from Jan. 1, 2008, through
Jan. 31, 2008.

Full-text copies of The Kushner-Locke Company's January 2008
Monthly Operating Reports are available at no charge at:

Profit & Loss Statement:

               http://ResearchArchives.com/t/s?29b8

Cash Receipts and Disbursements Report:

               http://ResearchArchives.com/t/s?29b7

Headquartered in Los Angeles, California, The Kushner-Locke
Company is a low-budget movie production studio.  The Company,
along with its debtor-affiliates filed for chapter 11 protection
on Nov. 21, 2001 (Bankr. C.D. Calif. Case No. 01-44828).  Alan L.
Braunstein, Esq, Christopher M. Condon, Esq., and Kristin M.
McDonough, Esq., at Riemer & Braunstein, LLP, represent the
Debtors in their restructuring efforts.  Jager Smith, Esq.,
and Michael J. Fencer, Esq., at One Financial Center, represent
the Official Committee of Unsecured Creditors.


LEVITT AND SONS: Amends December 2007 Operating Report
------------------------------------------------------
Levitt & Sons, LLC, filed an amendment of its monthly financial
report for the period December 1 to 31, 2007, with respect solely
to Attachment 3 in accordance with the Guidelines established by
the United States Trustee and FRBP 2015.  A full-text copy of the
amendment is available for free at:

        http://bankrupt.com/misc/LAS_Amendment2DecMOR.pdf

                      About Levitt and Sons

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

Levitt and Sons LLC and 38 of its homebuilding affiliates filed
for Chapter 11 protection on Nov. 9, 2007 (Bankr. S.D. Fla. Lead
Case No. 07-19845).  Paul Singerman, Esq. and Jordi Guso, Esq., at
Berger Singerman, P.A., represent the Debtors in their
restructuring efforts.  The Debtors chose AP Services, LLC as
their crisis managers, and Kurtzman Carson Consultants, LLC as
their claims and noticing agent.  Levitt Corp., the 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 are seeking to extend their exclusive period to file a
plan of reorganization to April 10, 2008.  (Levitt and Sons
Bankruptcy News, Issue No. 17; Bankruptcy Creditors' Service Inc.;
http://bankrupt.com/newsstand/or 215/945-7000)


LEVITT AND SONS: Amends January 2008 Operating Report
-----------------------------------------------------
Levitt & Sons, LLC, filed an amendment to its monthly financial
reports for the period of January 1 to 31, 2008, solely as to
Attachment 3 in accordance with the Guidelines established by the
United States Trustee and FRBP 2015.  A full-text copy of the
amendment is available for free at:

        http://bankrupt.com/misc/LAS_AmendmentJanMOR.pdf
                      About Levitt and Sons

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

Levitt and Sons LLC and 38 of its homebuilding affiliates filed
for Chapter 11 protection on Nov. 9, 2007 (Bankr. S.D. Fla. Lead
Case No. 07-19845).  Paul Singerman, Esq. and Jordi Guso, Esq., at
Berger Singerman, P.A., represent the Debtors in their
restructuring efforts.  The Debtors chose AP Services, LLC as
their crisis managers, and Kurtzman Carson Consultants, LLC as
their claims and noticing agent.  Levitt Corp., the 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 are seeking to extend their exclusive period to file a
plan of reorganization to April 10, 2008.  (Levitt and Sons
Bankruptcy News, Issue No. 17; Bankruptcy Creditors' Service Inc.;
http://bankrupt.com/newsstand/or 215/945-7000)


LEVITT AND SONS: Amends February 2008 Operating Report
------------------------------------------------------

                      Levitt & Sons, LLC
            Monthly Financial Report for Business
             For the Period February 1 - 29, 2008

Cash, beginning of period                            $3,596,228

Receipts:
  Cash sales                                                  0
  Collection on postpetition A/R                              0
  Collection on prepetition A/R                               0
  Other receipts                                        631,300
                                                 --------------
Total receipts                                          631,300

Total cash available for operations                   4,227,528

Disbursements:
  U.S. Trustee quarterly fees                                 0
  Net payroll                                           104,298
  Payroll taxes paid                                     58,062
  Sales and use taxes                                         0
  Other taxes                                                 0
  Rent                                                        0
  Other leases                                                0
  Telephone                                                   0
  Utilities                                              37,547
  Travel & entertainment                                  1,663
  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                              329,340
                                                 --------------
Total cash disbursements                                530,911
                                                 --------------
Ending Cash Balance                                  $3,696,617
                                                 ==============

                      About Levitt and Sons

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

Levitt and Sons LLC and 38 of its homebuilding affiliates filed
for Chapter 11 protection on Nov. 9, 2007 (Bankr. S.D. Fla. Lead
Case No. 07-19845).  Paul Singerman, Esq. and Jordi Guso, Esq., at
Berger Singerman, P.A., represent the Debtors in their
restructuring efforts.  The Debtors chose AP Services, LLC as
their crisis managers, and Kurtzman Carson Consultants, LLC as
their claims and noticing agent.  Levitt Corp., the 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 are seeking to extend their exclusive period to file a
plan of reorganization to April 10, 2008.  (Levitt and Sons
Bankruptcy News, Issue No. 17; Bankruptcy Creditors' Service Inc.;
http://bankrupt.com/newsstand/or 215/945-7000)


NETBANK INC: Files Monthly Operating Report for February 2008
-------------------------------------------------------------
NetBank Inc. United States Bankruptcy Court for the
Middle District of Florida its monthly unaudited operating report
for the period Feb. 1, 2008, through Feb. 29, 2008.

The Debtor's fund at the beginning of the month was $6,360,853,
total receipts were $6,588,006, total disbursements were $322,643,
and ending balance was $6,265,363.

A full-text copy of the company's monthly operating report for
February 2008 is available for free at
http://ResearchArchives.com/t/s?29af

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

The company filed for Chapter 11 protection on Sept. 28, 2007
(Bankr. M.D. Fla. Case No. 07-04295).  Alan M. Weiss, Esq., at
Holland & Knight LLP.  The U.S. Trustee for Region 21 appointed
six creditors to serve on an Official Committee of Unsecured
Creditors of the Debtor's case.  Rogers Towers and Kilpatrick
Stockton LLP represent the Committee in this case.  As of
Sept. 25, 2007, the Debtor listed total assets at $87,213,942 and
total debts at $42,245,857.


NEUMANN HOMES: Submits February 2008 Monthly Operating Report
-------------------------------------------------------------

                    Neumann Homes, Inc., et al.
                    Receipts and Disbursements
                  Month Ended February 29, 2008

Beginning Balance in All Accounts:
Neumann Citibank Operating Account &
   old BofA Operating Account                         $471,221
Neumann Bank of America - old accounts                       -
Neumann Citibank - Customer Earnest                     16,236
   Money Account
Neumann Citibank - Funding/Dip Account                  12,944
Neumann Citibank - Dip Funding                               -
   Professional Acct
Restricted - Neumann Homes Flex Spending                 5,170
Restricted - Neumann Citibank - Glen at                  1,219
   Lakemoor EM Account
Restricted - Neumann Citibank - Clublands              155,367
   Antioch Clubhouse
Restricted - IndyMac Escrow Account -                  111,925
   NeuVillage
Restricted - Chicago Title Escrow Account -            166,313
   Closed Homes
Restricted - Chicago Title Escrow Account -          1,471,949
   Lender Funded
Restricted - Citibank - Worker Comp Escrow               9,730
Restricted - Land Title Guarantee Escrow               360,318
                                                    ----------
                                                    $2,782,392
                                                    ----------

Receipts:
Operations- Operating Account                          338,765
Operations - Customer Earnest Money Account-Ckg         14,249
Operations - Customer Earnest Money Account-MM               -
Funding/Dip Account                                    101,935
Glen at Lakemoor EM account                                  1
Clublands Antioch Clubhouse account                        291
Dip Funding - Professional Account                           -
Flex Spending                                                -
Restricted Escrow held by CTT-Lender Funding           (94,802)
IndyMac Escrow for L/C-Leona's Neu Village              13,684
Flex Spending                                                -
Restricted Escrow held by CTT-(closings)                44,798
Other Receipts                                               -
                                                    ----------
                                                      $418,922
                                                    ----------

Disbursements:
Net Payroll:
   Officers                                            (13,620)
   Others                                              (58,324)
                                                    ----------
                                                       (71,944)

Taxes:
   Federal Income Tax Withholding                      (14,925)
   FICA/Medicare Withholdings EE                        (7,431)
   Employer's FICA/Medicare ER                          (7,431)
   Federal Unemployment Taxes ER                          (183)
   State Income Tax Withholding                         (2,767)
   Garnishments                                              -
   State Unemployment Taxes ER                          (2,635)
                                                    ----------
                                                       (35,371)

Necessary expenses:
   Rent or mortgage payment(s)                         (37,804)
   Utilities & phones                                   (1,041)
   Insurance                                           (27,777)
   Merchandise/services bought for                        (152)
     manufacture or sale                                     -
   Other:
     Payroll Services                                   (1,514)
     Benefit Related including flex spending           (10,901)
     Bank Fees                                               -
     Postage                                               (90)
     Earnest Money Refunds                             (30,485)
     House Trades                                            -
     Other - Transfer                                  (26,179)
     Cleaning                                           (1,250)
     Transportation                                     (4,625)
     Consulting Services                               (21,275)
     US Trustee Fees                                         -
     Legal - Professional Fees                        (263,709)
     Professional Tax Service Fees                     (12,000)
     Payroll Tax Adjustment from Prior Qtr              (2,165)
                                                    ----------
                                                      (440,967)

Total Disbursements:                                  (548,282)
                                                    ----------
Net Receipts (Disbursements) for the                  (129,360)
   Current period
                                                    ----------
Ending Balance in All Accounts                      $2,653,032
                                                    ==========

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

The company filed for Chapter 11 protection on Nov. 1, 2007
(Bankr. N.D. Ill. Case No. 07-20412).  George Panagakis, Esq., at
Skadded, Arps, Slate, Meagher & Flom L.L.P., was selected by the
Debtors to represent them in these cases.  The Official Committee
of Unsecured Creditors has selected Paul, Hastings, Janofsky &
Walker LLP, as its counsel in these bankruptcy proceeding.  When
the Debtors filed for protection against its creditors, they
listed assets and debts of more than $100 million.

The Debtors exclusive plan filing period expires on July 31, 2008.
(Neumann Bankruptcy News, Issue No. 14; Bankruptcy Creditors'
Services Inc. http://bankrupt.com/newsstand/or 215/945-7000)


NEW CENTURY: Incurs $7,401,935 Net Loss in Month Ended Jan. 31
--------------------------------------------------------------

           New Century Financial Corp. and Affiliates
                   Consolidated Balance Sheet
                     As of January 31, 2008

Assets
Current Assets:
Unrestricted Cash and Equivalents                   $73,335,384
Restricted Cash and Equivalents                      11,593,293
Accounts Receivable, Net                                      0
Notes Receivable                                              0
Inventories                                                   0
Prepaid Expenses                                        456,671
Professional Retainers                                        0
Other Current Assets                                 31,342,426
                                                 --------------
Total Current Assets                                116,727,774
                                                 --------------
Property and Equipment                                7,997,413
Other Assets                                        321,678,446
                                                 --------------
Total Assets                                       $446,403,633
                                                 ==============

Liabilities and Owners' Equity
Liabilities Not Subject to Compromise:
   Accounts Payable                                          $0
   Professional Fees                                 24,148,186
Liabilities Subject to Compromise:
   Secured Debt                                     220,643,581
   Priority Debt                                     11,323,226
   Unsecured Debt                                 1,041,917,064
                                                 --------------
Total Liabilities                                 1,298,032,057
                                                 --------------
Owner Equity:
   Capital Stock                                      4,530,047
   Additional Paid-in Capital                     2,170,845,310
   Partners' Capital Account                                  0
   Owners' Equity Account                                     0
   Retained Earnings - Prepetition               (1,083,442,469)
   Retained Earnings - Postpetition              (1,943,561,312)
   Adjustments to Owner Equity                                0
   Postpetition Contributions                                 0
                                                 --------------
Net owner Equity                                   (851,628,424)
                                                 --------------
Total Liabilities and Owners' Equity               $446,403,633
                                                 ==============

           New Century Financial Corp. and Affiliates
             Consolidated Statement of Operations
                 Month Ended January 31, 2008

Revenues                                                $14,581
Cost of Goods Sold                                            0
Operating Expenses:
   Employee Benefits Programs                             8,585
   Insurance                                             (2,083)
   Office Expense                                       140,976
   Rent and Lease Expense                                30,404
   Salaries, Commissions, & Fees                        637,650
   Travel and Entertainment                               2,488
   Other                                                690,251
Depreciation, Depletion & Amortization                  183,421
                                                 --------------
Net Loss before Other Income & Expenses             ($1,677,111)
Other Expense                                                 0
Reorganization Items
   Professional Fees                                  5,923,985
   Interest Earned for Accumulated Cash                (199,161)
Total Reorganization Expenses                         5,724,824
Income Taxes                                                  0
                                                 --------------
Net Profit (Loss)                                   ($7,401,935)
                                                 ==============

           New Century Financial Corp. and Affiliates
          Schedule of Cash Receipts and Disbursements
                  Month Ended January 31, 2008

Cash, Beginning of month                            $91,176,880

Total Receipts                                        4,4822704

Total Disbursements                                 (10,730,473)
                                                 --------------
Net Cash Flow                                        (6,248,203)
                                                 --------------
Cash, End of month                                  $84,928,677
                                                 ==============

                        About New Century

Founded in 1995, Irvine, Calif.-based New Century Financial
Corporation (NYSE: NEW) -- http://www.ncen.com/-- is a real
estate investment trust, providing mortgage products to borrowers
nationwide through its operating subsidiaries, New Century
Mortgage Corporation and Home123 Corporation.  The company offers
a broad range of mortgage products designed to meet the needs of
all borrowers.

The company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2007 (Bankr. D. Del. Lead Case No.
07-10416).  Suzzanne Uhland, Esq., Austin K. Barron, Esq., and
Ana Acevedo, Esq., at O'Melveny & Myers LLP, and Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A., represent the Debtors.  The
Official Committee of Unsecured Creditors selected Hahn & Hessen
as its bankruptcy counsel and Blank Rome LLP as its co-counsel.
When the Debtors filed for bankruptcy, they listed total assets
of $36,276,815 and total debts of $102,503,950.  The confirmation
hearing on the Debtor's plan will begin on April 24, 2008.  (New
Century Bankruptcy News, Issue No. 35; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


SIRVA INC: Files Schedules of Assets and Liabilities
----------------------------------------------------

A.    Real Property                                           $0

B.    Personal Property
B.13  Stock and Interests                            595,710,800
B.35  Other Personal Property
         Prepaid Insurance                             2,196,632

       TOTAL SCHEDULED ASSETS                       $597,907,432
       =========================================================

C.    Property Claimed as Exempt                              $0

D.    Creditors Holding Secured Claims
         JPMorgan Chase Bank                         486,380,075
         Toyota Motor Credit Corp.                  Undetermined

E.    Creditors Holding Unsecured Priority Claims              0

F.    Creditors Holding Unsecured Non-priority Claims
         Accounts Payable                             99,084,726
         Accrued Expenses/Other Current Debts         32,427,427
         Accrued Purchased Transportation Expense     54,394,273
         Cargo and Loss Claim Accrual                 24,735,033
         Other Long-Term and Lease Impairment Claims   7,361,111

       TOTAL SCHEDULED LIABILITIES                  $704,382,645
       =========================================================

                        About Sirva Inc.

Headquartered in Westmont, Illinois, SIRVA Inc. (Pink Sheets :
SIRV.PK) -- http://www.sirva.com/-- is a provider of relocation
solutions to a well-established and diverse customer base.  The
company handles all aspects of relocation, including home
purchase and home sale services, household goods moving,
mortgage services and home closing and settlement services.
SIRVA conducts more than 300,000 relocations per year,
transferring corporate and government employees along with
individual consumers.  SIRVA's brands include Allied, Allied
International, Allied Pickfords, Allied Special Products, DJK
Residential, Global, northAmerican, northAmerican International,
Pickfords, SIRVA Mortgage, SIRVA Relocation and SIRVA
Settlement.  The company has operations in Costa Rica.

The company and 61 of its affiliates filed separate petitions
for Chapter 11 protection on Feb. 5, 2008 (Bankr. S.D.N.Y. Case
No. 08-10433).  Marc Kieselstein, Esq. at Kirkland & Ellis,
L.L.P. is representing the Debtor.  An official Committee of
Unsecured Creditors has been appointed in this case.  When the
Debtors filed for bankruptcy, it reported total assets of
US$924,457,299 and total debts of US$1,232,566,813 for the
quarter ended Sept. 30, 2007.  The combined hearing on the
adequacy of the disclosure statement and the confirmation of the
Debtors' proposed Plan of Reorganization is set April 18, 2008.
(Sirva Inc. Bankruptcy News, Issue No. 10; Bankruptcy Creditors'
Services Inc. http://bankrupt.com/newsstand/or 215/945-7000).


SIRVA INC: DJK Residential Files Schedules of Assets and Debts
--------------------------------------------------------------
DJK Residential LLC', debtor-affiliate SIRVA Inc., submitted to
the U.S. Bankruptcy Court for the Southern District of New York
its schedules of assets and liabilities, disclosing:

A.    Real Property                                           $0

B.    Personal Property
B.1   Cash on hand                                             0
B.2   Bank Accounts
        Citibank, New York                               258,771
B.3   Security Deposit                                         0
B.4   Household goods                             Not applicable
B.5   Book, artwork and collectibles              Not applicable
B.6   Wearing apparel                             Not applicable
B.7   Furs and jewelry                            Not applicable
B.8   Firearms and other equipment                Not applicable
B.9   Insurance Policies                                       0
B.10  Annuities                                   Not applicable
B.11  Interests in an education IRA               Not applicable
B.12  Interests in pension plans                               0
B.13  Stock and Interests                                      0
B.14  Interests in partnerships & joint venture                0
B.15  Government and corporate bonds              Not applicable
B.16  Accounts Receivable
        A/R Customer                                     573,832
        A/R Expense Mgmt Pass Through                    100,456
        Res Uncoll Customer A/R                          (68,706)
B.17  Alimony                                     Not applicable
B.18  Other Liquidated Debts Owing Debtor                      0
B.19  Equitable or future interests               Not applicable
B.20  Interests in estate death benefit plan      Not applicable
B.21  Other Contingent and Unliquidated Claims                 0
B.22  Patents                                                  0
B.23  Licenses, franchises & other intangibles                 0
B.24  Customer lists or other compilations        Not applicable
B.25  Vehicles                                                 0
B.26  Boats, motors and accessories               Not applicable
B.27  Aircraft and accessories                    Not applicable
B.28  Office Equipment                                         0
B.29  Equipment and Supplies for Business                      0
B.30  Inventory                                                0
B.31  Animals                                     Not applicable
B.32  Crops                                       Not applicable
B.33  Farming equipment and implements            Not applicable
B.34  Farm supplies, chemicals and feed           Not applicable
B.35  Other Personal Property
        Prepaid Other Expense                             29,720

        TOTAL SCHEDULED ASSETS                          $894,073
        ========================================================

C.    Property Claimed as Exempt                              $0

D.    Creditors Holding Secured Claims
        JPMorgan Chase Bank as Administrative Agent  486,380,075

E.    Creditors Holding Unsecured Priority Claims              0

F.    Creditors Holding Unsecured Non-priority Claims
        Contingent Claim                                  37,932
        Bise, Heather                                      3,723
        Bloomstein, Marcy                                  2,808
        Bogante, Lawrence                                 25,104
        Dwinell, Colleen                                  29,941
        Elite Limousine                                    2,642
        Elite Service Group                                1,468
        Federal Express                                      712
        Fica, Pamela                                       2,032
        Fiorino, Barbara Jo                                1,341
        GE Mastercard                                      7,971
        Hepinstall, Dwight                                 1,484
        ID Management                                        780
        Kossek, Maria                                      3,451
        Lazarus, Leslie                                    2,276
        Lee, Lynda                                         4,642
        Matt May Corp., The                               13,120
        New York Times                                    11,861
        NY Times Digital                                   5,217
        Pilar Silva                                          937
        Quinn & Co.                                        4,693
        SFX Group                                          1,107
        Vinci, Josephine                                   4,750
        Yeljenic, Marie                                    4,698
        Others                                             1,700


        TOTAL SCHEDULED LIABILITIES                 $486,556,465
        ========================================================

                        About Sirva Inc.

Headquartered in Westmont, Illinois, SIRVA Inc. (Pink Sheets :
SIRV.PK) -- http://www.sirva.com/-- is a provider of relocation
solutions to a well-established and diverse customer base.  The
company handles all aspects of relocation, including home
purchase and home sale services, household goods moving,
mortgage services and home closing and settlement services.
SIRVA conducts more than 300,000 relocations per year,
transferring corporate and government employees along with
individual consumers.  SIRVA's brands include Allied, Allied
International, Allied Pickfords, Allied Special Products, DJK
Residential, Global, northAmerican, northAmerican International,
Pickfords, SIRVA Mortgage, SIRVA Relocation and SIRVA
Settlement.  The company has operations in Costa Rica.

The company and 61 of its affiliates filed separate petitions
for Chapter 11 protection on Feb. 5, 2008 (Bankr. S.D.N.Y. Case
No. 08-10433).  Marc Kieselstein, Esq. at Kirkland & Ellis,
L.L.P. is representing the Debtor.  An official Committee of
Unsecured Creditors has been appointed in this case.  When the
Debtors filed for bankruptcy, it reported total assets of
US$924,457,299 and total debts of US$1,232,566,813 for the
quarter ended Sept. 30, 2007.  The combined hearing on the
adequacy of the disclosure statement and the confirmation of the
Debtors' proposed Plan of Reorganization is set April 18, 2008.
(Sirva Inc. Bankruptcy News, Issue No. 10; Bankruptcy Creditors'
Services Inc. http://bankrupt.com/newsstand/or 215/945-7000).


TOUSA INC: Posts $7,967,000 Net Loss in Month Ended February 29
---------------------------------------------------------------

                             TOUSA Inc.
               Consolidated Detailed Balance Sheet
                     As of February 29, 2008

                              ASSETS

HOMEBUILDING:
CASH
   Unrestricted cash                                $88,532,000
   Restricted cash                                    7,367,000
   Proceeds due from closings                        13,353,000
                                                ---------------
   Total homebuilding                               109,252,000

INVENTORY
   Land                                              99,919,000
   Land interest                                              0
   Land relief                                                0
   Inventory - land banking                          40,584,000
   Site development                               3,978,386,000
   Site development relief                       (3,392,762,000)
   Finished lots                                    254,728,000
   Land deposits                                     58,758,000
   Land bank option payments                         12,397,000
   Capitalized indirect costs                        16,542,000
   Capitalized interest                                       0
   Capitalized real estate taxes                              0
   CIP direct costs                               5,771,654,000
   CIP indirect costs                               303,949,000
   CIP lots                                       2,120,708,000
   CIP capitalized interest                         295,930,000
   CIP real estate taxes                             44,444,000
   CIP other                                       (182,267,000)
   CIP reserve                                                0
   CIP inventory accrual                             24,342,000
   CIP relief                                    (7,942,701,000)
   Inventory valuation reserve                     (192,329,000)
                                                ---------------
   Total inventory                                1,312,282,000

INVESTMENTS IN JOINT VENTURES                        39,539,000
DUE TO/FROM TOUSA/JOINT VENTURE                       9,259,000
PREPAIDS AND OTHER ASSETS
   Accounts receivable                               67,715,000
   Vendor rebates receivable                          4,075,000
   Prepaid commissions-broker                           964,000
   Prepaid commissions-in-house                       2,228,000
   Prepaid expenses                                  23,648,000
   Deferred finance costs                            54,857,000
   Security and other deposits                       13,066,000
   Other                                            204,598,000
                                                ---------------
   Total prepaids and other assets                  371,151,000

FIXED ASSETS
   Building                                                   0
   Capitalized software                               9,757,000
   Equipment                                          6,941,000
   Furniture and fixtures                             5,417,000
   Leasehold improvements                             9,108,000
   Model home furniture                              26,396,000
   Transportation equipment                             324,000
   Other Assets                                       1,843,000
   Accumulated depreciation                         (36,998,000)
                                                ---------------
   Total fixed assets                                22,788,000

GOODWILL                                             60,003,000
                                                ---------------
   Total Homebuilding Assets                      1,924,275,000

FINANCIAL SERVICES
PHMC unrestricted cash                                3,401,000
ULT unrestricted cash                                 7,366,000
PHMC restricted cash                                  5,156,000
ULT restricted cash                                           0
PHMC prepaids & other assets                            975,000
ULT prepaids & other assets                           1,840,000
PHMC mortgages held for sale                         11,921,000
PHMC fixed assets                                     1,205,000
ULT fixed assets                                      1,624,000
PHMC goodwill                                         2,578,000
ULT goodwill                                          1,328,000
                                                ---------------
   Total financial services assets                   37,393,000
                                                ---------------
TOTAL ASSETS                                     $1,961,669,000
                                                ===============

                       LIABILITIES & EQUITY

HOMEBUILDING:
ACCOUNTS PAYABLE & OTHER LIABILITIES
   Accounts payable                                 $38,456,000
   Inventory accrual                                 24,342,000
   Construction reserve                                       0
   Development reserve                               23,770,000
   Accrued income taxes                                       0
   Accrued franchise tax                                104,000
   Accrued salaries                                     132,000
   Accrued bonuses                                   13,329,000
   Accrued vacations                                  1,962,000
   Accrued benefits and taxes                         3,464,000
   Accrued real estate taxes                         17,708,000
   Warranty reserve                                   4,314,000
   Litigation reserve                                 3,069,000
   Insurance reserve                                 12,536,000
   Accrued in house commissions                               0
   Accrued outside brokers commissions                        0
   Accrued completion costs                          11,619,000
   Other accrued expenses                           177,277,000
   Other liabilities                                 30,523,000
                                                ---------------
   Total accounts payable and other liabilities     362,605,000

CUSTOMER DEPOSITS                                    29,325,000
BORROWINGS - land bank                               44,509,000
BORROWINGS                                        1,834,111,000
                                                ---------------
   Total homebuilding liabilities                 2,270,550,000

FINANCIAL SERVICES
PHMC A/P & accrued expenses                           1,303,000
ULT A/P & accrued expenses                              606,000
PHMC accrued commissions and compensation               837,000
ULT accrued commissions and compensation                301,000
ULT escrow payable                                            0
PHMC borrowings                                       4,510,000
                                                ---------------
   Total financial services liabilities               7,556,000
                                                ---------------
TOTAL LIABILITIES                                 2,278,106,000

INTERCOMPANY
   Homebuilding intercompany                         (6,781,000)
   Financial services intercompany                    6,898,000
                                                ---------------
   Total intercompany                                   117,000

STOCKHOLDERS' EQUITY
   Preferred stock                                   89,304,000
   Common stock                                         596,000
   Additional paid in capital                       486,024,000
   Unearned compensation                                      0
   Retained earnings                               (844,113,000)
   Other                                            (15,053,000)
   Current profit (loss)                            (33,313,000)
                                                ---------------
   Total stockholders' equity                      (316,554,000)
                                                ---------------
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY         $1,961,669,000
                                                ===============

                             TOUSA Inc.
              Consolidated Detailed Income Statement
             For the Period Jan. 29 to Feb. 29, 2008

Deliveries                                             $337,000
Average sales price                                     284,000

HOMEBUILDING
Home Sales Revenue:
   Revenue home sales - base house                  $96,111,000
   Revenue home sales - lot premium                   2,238,000
   Revenue home sales - option/upgrades              13,187,000
   Revenue home sales - other                         1,089,000
   Revenue home sales - incentives                  (16,956,000)
                                                ---------------
   Total home sales revenue                          95,668,000

Home Sales Cost of Sales:
   COS home sales - land & land interest             24,013,000
   COS home sales - material and labor               47,782,000
   COS home sales - options/upgrades                  7,351,000
   COS home sales - indirect construction costs       4,026,000
   COS home sales - COS interest                      3,049,000
   COS home sales - COS real estate taxes               559,000
   COS home sales - warranty                            725,000
   COS home sales - closed homes                     (2,048,000)
   COS other                                         (6,544,000)
                                                ---------------
   Total home sales cost of sales                    78,913,000
                                                ---------------
   Total Home Sales Gross Profit                     16,755,000

   Closing costs                                        241,000
   Commissions in house                               1,915,000
   Commissions broker                                 2,596,000
                                                ---------------
      Total House Profit                             12,002,000

   Revenue from land sales                              140,000
   COS land sales                                     1,927,000
                                                ---------------
      Total profit from land                         (1,787,000)
                                                ---------------
      Total Homebuilding Gross Profit                14,968,000

Other Selling & Marketing Expenses:
   S&M compensation                                   1,025,000
   Model - maintenance                                  258,000
   Model - utilities                                     81,000
   Model - lease expense                                674,000
   Model - amortized lease gain                         (14,000)
   Model - other expenses                               (33,000)
   Sales office expenses                                193,000
   Advertising - newspaper                              242,000
   Advertising - signage                                178,000
   Advertising - radio                                  145,000
   Advertising - television                              26,000
   Advertising - other                                  293,000
   Other S&M expenses                                   247,000
   S&M relief                                                 0
                                                ---------------
      Total other selling & marketing expenses        3,315,000
                                                ---------------
      Total operating income                          6,900,000

GENERAL & ADMINISTRATIVE EXPENSES
   G&A salaries                                       5,599,000
   G&A benefits & taxes                                 968,000
   Payroll relief                                    (2,125,000)
   Office rent                                          440,000
   Equipment rental                                      54,000
   Office & supply expense                              103,000
   Telephone                                             23,000
   Utilities                                             11,000
   Insurance                                            331,000
   Professional and consulting expenses                  75,000
   Information technology expenses                       75,000
   Temporary help                                        34,000
   Travel expenses                                       35,000
   Meals & entertainment                                 17,000
   Repairs & maintenance                                 29,000
   Dues subscriptions seminars                           34,000
   Contributions                                              0
   Courier and delivery                                  25,000
   Meetings                                               6,000
   Depreciation and amortization                        969,000
   Other G&A expenses                                   564,000
                                                ---------------
      Total G&A expenses                              7,270,000

Income/fees from JVS                                    (88,000)
Interest expense                                      7,641,000
Total other (income) expense                           (181,000)
                                                ---------------
Homebuilding Pretax Contribution                     (7,741,000)

FINANCIAL SERVICES
Revenues:
  PHMC interest income                                   82,000
  PHMC interest expense                                 (33,000)
  PHMC investor premium income                          487,000
  PHMC loan origination income                          291,000
  PHMC credit app expense                               (71,000)
  PHMC gain/loss on secondary market                          0
  PHMC miscellaneous income                             153,000
  ULT revenues                                        1,936,000
  PHMC FAS 91 revenue                                         0
                                                ---------------
      Total revenues                                  2,845,000

EXPENSES
PHMC compensation and related benefits                  874,000
ULT compensation and related benefits                 1,071,000
PHMC other G&A                                          139,000
ULT other G&A                                           748,000
PHMC depreciation expense                                49,000
ULT depreciation expense                                 73,000
PHMC FAS 91 expense                                           0
                                                ---------------
      Total expenses                                  2,955,000
                                                ---------------
Financial Services Pretax Contribution                 (110,000)

INTERCOMPANY CHARGES
Corporate charges                                             0
Other non divisional                                    117,000
                                                ---------------
      Total intercompany charges                        117,000
                                                ---------------
Pretax income                                        (7,967,000)

Provision for income taxes:
  State income taxes                                          0
  Federal income taxes                                        0
                                                ---------------
Total provision for income taxes                              0
                                                ---------------
NET INCOME                                          ($7,967,000)
                                                ===============

                             TOUSA Inc.
              Schedule of Receipts and Disbursements
              For the Period Jan. 29 to Feb. 29, 2008

Funds at beginning of period                        $61,965,691

Receipts:
  Cash sales                                         90,847,493
  Accounts receivable                                         0
  Other receipts                                     13,510,290
                                                ---------------
Total receipts                                      104,357,783
                                                ---------------
Total funds available for operations                166,323,474

DISBURSEMENTS
   Advertising                                          732,103
   Bank charges                                           2,328
   Contract labor                                        21,696
   Fixed asset payments                                  63,081
   Insurance                                            659,358
   Inventory payments                                37,170,586
   Leases                                               961,734
   Manufacturing supplies                                     0
   Office supplies                                       55,651
   Payroll - net                                      9,109,552
   Professional fees (accounting and legal)             229,178
   Rent                                                 659,981
   Repairs & maintenance                                163,849
   Secured creditor payments                          4,274,270
   Taxes paid - payroll                                 265,209
   Taxes paid - sales & use                              (1,012)
   Taxes paid - other                                   435,648
   Telephone                                             21,288
   Travel & entertainment                               135,174
   U.S. trustee quarterly fees                                0
   Utilities                                             18,438
   Vehicle expenses                                      26,845
   Other operating expenses                           2,066,589
                                                ---------------
Total disbursements                                  57,071,546
                                                ---------------
Ending Balance                                     $109,251,928
                                                ===============

Headquartered in  Hollywood, Florida, TOUSA Inc. (Pink Sheets:
TOUS) -- http://www.tousa.com/-- fka Technical Olympic U.S.A.
Inc., dba Technical U.S.A., Inc., Engle Homes, Newmark Homes L.P.,
TOUSA Homes Inc. and Newmark Homes Corp. is a leading homebuilder
in the United States, operating in various metropolitan markets in
10 states located in four major geographic regions: Florida, the
Mid-Atlantic, Texas, and the West.  TOUSA designs, builds, and
markets high-quality detached single-family residences, town
homes, and condominiums to a diverse group of homebuyers, such as
"first-time" homebuyers, "move-up" homebuyers, homebuyers who are
relocating to a new city or state, buyers of second or vacation
homes, active-adult homebuyers, and homebuyers with grown children
who want a smaller home.  It also provides financial services to
its homebuyers and to others through its subsidiaries, Preferred
Home Mortgage Company and Universal Land Title Inc.

The Debtor and its debtor-affiliates filed for separate Chapter 11
protection on Jan. 29, 2008. (Bankr. S.D. Fla. Case No.:
08-10928).  The Debtors have selected M. Natasha Labovitz, Esq.,
Brian S. Lennon, Esq., Richard M. Cieri, Esq. and Paul M. Basta,
Esq., at Kirkland & Ellis LLP and Paul Steven Singerman, Esq., at
Berger Singerman to represent them in their restructuring efforts.
Lazard Freres & Co. LLC is the Debtors' investment banker and
financial advisor.  Ernst & Young LLP is selected as the Debtors'
independent auditor and tax services provider.  Kurtzman Carson
Consultants LLC acts as the Debtors' Notice, Claims & Balloting
Agent.   The Official Committee of Unsecured Creditors is
represented by Stearns Weaver Weissler Alhadeff & Sitterson PA.

The Debtor's exclusive period to file a plan expires on May 28,
2008.  (TOUSA Bankruptcy News, Issue No. 8; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


TOUSA INC: Amends Schedules to Disclose $55,000 in Receivables
--------------------------------------------------------------
TOUSA Inc. amended its Schedules of Assets and Liabilities, to
disclose total assets of $2,103,412,931, and total liabilities of
$2,087,506.

The Debtor reported accounts receivable totaling $55,026;
liabilities on unsecured priority claims aggregating $1,132,808;
and liabilities on unsecured non-priority claims aggregating
$954,698.

Headquartered in  Hollywood, Florida, TOUSA Inc. (Pink Sheets:
TOUS) -- http://www.tousa.com/-- fka Technical Olympic U.S.A.
Inc., dba Technical U.S.A., Inc., Engle Homes, Newmark Homes L.P.,
TOUSA Homes Inc. and Newmark Homes Corp. is a leading homebuilder
in the United States, operating in various metropolitan markets in
10 states located in four major geographic regions: Florida, the
Mid-Atlantic, Texas, and the West.  TOUSA designs, builds, and
markets high-quality detached single-family residences, town
homes, and condominiums to a diverse group of homebuyers, such as
"first-time" homebuyers, "move-up" homebuyers, homebuyers who are
relocating to a new city or state, buyers of second or vacation
homes, active-adult homebuyers, and homebuyers with grown children
who want a smaller home.  It also provides financial services to
its homebuyers and to others through its subsidiaries, Preferred
Home Mortgage Company and Universal Land Title Inc.

The Debtor and its debtor-affiliates filed for separate Chapter 11
protection on Jan. 29, 2008. (Bankr. S.D. Fla. Case No.:
08-10928).  The Debtors have selected M. Natasha Labovitz, Esq.,
Brian S. Lennon, Esq., Richard M. Cieri, Esq. and Paul M. Basta,
Esq., at Kirkland & Ellis LLP and Paul Steven Singerman, Esq., at
Berger Singerman to represent them in their restructuring efforts.
Lazard Freres & Co. LLC is the Debtors' investment banker and
financial advisor.  Ernst & Young LLP is selected as the Debtors'
independent auditor and tax services provider.  Kurtzman Carson
Consultants LLC acts as the Debtors' Notice, Claims & Balloting
Agent.   The Official Committee of Unsecured Creditors is
represented by Stearns Weaver Weissler Alhadeff & Sitterson PA.

The Debtor's exclusive period to file a plan expires on May 28,
2008.  (TOUSA Bankruptcy News, Issue No. 8; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


TOUSA INC: Tousa Homes Files Amended Schedules of Assets & Debts
----------------------------------------------------------------
In an amended Schedules of Assets and Liabilities, TOUSA Homes,
Inc., reported assets totaling $1,181,056,314, and liabilities
totaling $17,449,196.

The Debtor disclosed accounts receivable aggregating
$106,464,373, from the original value of $106,406,660.  The
Debtor also disclosed that it has creditors holding unsecured
priority claims aggregating $833.

Headquartered in  Hollywood, Florida, TOUSA Inc. (Pink Sheets:
TOUS) -- http://www.tousa.com/-- fka Technical Olympic U.S.A.
Inc., dba Technical U.S.A., Inc., Engle Homes, Newmark Homes L.P.,
TOUSA Homes Inc. and Newmark Homes Corp. is a leading homebuilder
in the United States, operating in various metropolitan markets in
10 states located in four major geographic regions: Florida, the
Mid-Atlantic, Texas, and the West.  TOUSA designs, builds, and
markets high-quality detached single-family residences, town
homes, and condominiums to a diverse group of homebuyers, such as
"first-time" homebuyers, "move-up" homebuyers, homebuyers who are
relocating to a new city or state, buyers of second or vacation
homes, active-adult homebuyers, and homebuyers with grown children
who want a smaller home.  It also provides financial services to
its homebuyers and to others through its subsidiaries, Preferred
Home Mortgage Company and Universal Land Title Inc.

The Debtor and its debtor-affiliates filed for separate Chapter 11
protection on Jan. 29, 2008. (Bankr. S.D. Fla. Case No.:
08-10928).  The Debtors have selected M. Natasha Labovitz, Esq.,
Brian S. Lennon, Esq., Richard M. Cieri, Esq. and Paul M. Basta,
Esq., at Kirkland & Ellis LLP and Paul Steven Singerman, Esq., at
Berger Singerman to represent them in their restructuring efforts.
Lazard Freres & Co. LLC is the Debtors' investment banker and
financial advisor.  Ernst & Young LLP is selected as the Debtors'
independent auditor and tax services provider.  Kurtzman Carson
Consultants LLC acts as the Debtors' Notice, Claims & Balloting
Agent.   The Official Committee of Unsecured Creditors is
represented by Stearns Weaver Weissler Alhadeff & Sitterson PA.

The Debtor's exclusive period to file a plan expires on May 28,
2008.  (TOUSA Bankruptcy News, Issue No. 8; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


TOUSA INC: Three Affiliates File Amended Schedules
--------------------------------------------------
Three debtor affiliates of TOUSA Inc. amended their reported
assets ranging from $100,000,000 to $300,000,000.

  Debtor                               Assets          Debts
  ------                            ------------     ----------
  Newmark Homes, LP                 $266,929,576     $2,058,130
  Newmark Homes, LLC                 195,823,329      4,723,129
  TOUSA Homes Florida, LP            149,316,999      3,700,219

                         About TOUSA Inc.

Headquartered in  Hollywood, Florida, TOUSA Inc. (Pink Sheets:
TOUS) -- http://www.tousa.com/-- fka Technical Olympic U.S.A.
Inc., dba Technical U.S.A., Inc., Engle Homes, Newmark Homes L.P.,
TOUSA Homes Inc. and Newmark Homes Corp. is a leading homebuilder
in the United States, operating in various metropolitan markets in
10 states located in four major geographic regions: Florida, the
Mid-Atlantic, Texas, and the West.  TOUSA designs, builds, and
markets high-quality detached single-family residences, town
homes, and condominiums to a diverse group of homebuyers, such as
"first-time" homebuyers, "move-up" homebuyers, homebuyers who are
relocating to a new city or state, buyers of second or vacation
homes, active-adult homebuyers, and homebuyers with grown children
who want a smaller home.  It also provides financial services to
its homebuyers and to others through its subsidiaries, Preferred
Home Mortgage Company and Universal Land Title Inc.

The Debtor and its debtor-affiliates filed for separate Chapter 11
protection on Jan. 29, 2008. (Bankr. S.D. Fla. Case No.:
08-10928).  The Debtors have selected M. Natasha Labovitz, Esq.,
Brian S. Lennon, Esq., Richard M. Cieri, Esq. and Paul M. Basta,
Esq., at Kirkland & Ellis LLP and Paul Steven Singerman, Esq., at
Berger Singerman to represent them in their restructuring efforts.
Lazard Freres & Co. LLC is the Debtors' investment banker and
financial advisor.  Ernst & Young LLP is selected as the Debtors'
independent auditor and tax services provider.  Kurtzman Carson
Consultants LLC acts as the Debtors' Notice, Claims & Balloting
Agent.   The Official Committee of Unsecured Creditors is
represented by Stearns Weaver Weissler Alhadeff & Sitterson PA.

The Debtor's exclusive period to file a plan expires on May 28,
2008.  (TOUSA Bankruptcy News, Issue No. 8; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


TOUSA INC: Eight Affiliates File Amended Schedules
--------------------------------------------------
Eight debtor affiliates of TOUSA Inc. amended their reported
assets ranging from $0 to $45,000,000:

  Debtor                                 Assets         Debts
  ------                              -----------    -----------
  Reflection Key, LLC                  $8,065,551       $591,299
  LB/TE #1, LLC                         5,063,168          2,899
  Engle Homes Residential Construction  2,440,932     19,470,989
  Engle Sierra Verde P5, LLC            2,219,640        109,209
  Engle/Gilligan, LLC                     733,341         20,447
  Engle Sierra Verde P4, LLC              239,938        121,694
  TOUSA Homes, LP                          33,867      4,930,153
  Newmark Homes Purchasing, LP             13,274      1,474,956

Headquartered in  Hollywood, Florida, TOUSA Inc. (Pink Sheets:
TOUS) -- http://www.tousa.com/-- fka Technical Olympic U.S.A.
Inc., dba Technical U.S.A., Inc., Engle Homes, Newmark Homes L.P.,
TOUSA Homes Inc. and Newmark Homes Corp. is a leading homebuilder
in the United States, operating in various metropolitan markets in
10 states located in four major geographic regions: Florida, the
Mid-Atlantic, Texas, and the West.  TOUSA designs, builds, and
markets high-quality detached single-family residences, town
homes, and condominiums to a diverse group of homebuyers, such as
"first-time" homebuyers, "move-up" homebuyers, homebuyers who are
relocating to a new city or state, buyers of second or vacation
homes, active-adult homebuyers, and homebuyers with grown children
who want a smaller home.  It also provides financial services to
its homebuyers and to others through its subsidiaries, Preferred
Home Mortgage Company and Universal Land Title Inc.

The Debtor and its debtor-affiliates filed for separate Chapter 11
protection on Jan. 29, 2008. (Bankr. S.D. Fla. Case No.:
08-10928).  The Debtors have selected M. Natasha Labovitz, Esq.,
Brian S. Lennon, Esq., Richard M. Cieri, Esq. and Paul M. Basta,
Esq., at Kirkland & Ellis LLP and Paul Steven Singerman, Esq., at
Berger Singerman to represent them in their restructuring efforts.
Lazard Freres & Co. LLC is the Debtors' investment banker and
financial advisor.  Ernst & Young LLP is selected as the Debtors'
independent auditor and tax services provider.  Kurtzman Carson
Consultants LLC acts as the Debtors' Notice, Claims & Balloting
Agent.   The Official Committee of Unsecured Creditors is
represented by Stearns Weaver Weissler Alhadeff & Sitterson PA.

The Debtor's exclusive period to file a plan expires on May 28,
2008.  (TOUSA Bankruptcy News, Issue No. 8; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


TOUSA INC: Engle Homes Amends Statement of Financial Affairs
------------------------------------------------------------
Engle Homes Residential Construction LLC amended its unaudited
Statement of Financial Affairs, a full-text copy of which is
available for free at:

  http://bankrupt.com/misc/TOUSA_AmendedSofa-EngleHomesRC.pdf

Headquartered in  Hollywood, Florida, TOUSA Inc. (Pink Sheets:
TOUS) -- http://www.tousa.com/-- fka Technical Olympic U.S.A.
Inc., dba Technical U.S.A., Inc., Engle Homes, Newmark Homes L.P.,
TOUSA Homes Inc. and Newmark Homes Corp. is a leading homebuilder
in the United States, operating in various metropolitan markets in
10 states located in four major geographic regions: Florida, the
Mid-Atlantic, Texas, and the West.  TOUSA designs, builds, and
markets high-quality detached single-family residences, town
homes, and condominiums to a diverse group of homebuyers, such as
"first-time" homebuyers, "move-up" homebuyers, homebuyers who are
relocating to a new city or state, buyers of second or vacation
homes, active-adult homebuyers, and homebuyers with grown children
who want a smaller home.  It also provides financial services to
its homebuyers and to others through its subsidiaries, Preferred
Home Mortgage Company and Universal Land Title Inc.

The Debtor and its debtor-affiliates filed for separate Chapter 11
protection on Jan. 29, 2008. (Bankr. S.D. Fla. Case No.:
08-10928).  The Debtors have selected M. Natasha Labovitz, Esq.,
Brian S. Lennon, Esq., Richard M. Cieri, Esq. and Paul M. Basta,
Esq., at Kirkland & Ellis LLP and Paul Steven Singerman, Esq., at
Berger Singerman to represent them in their restructuring efforts.
Lazard Freres & Co. LLC is the Debtors' investment banker and
financial advisor.  Ernst & Young LLP is selected as the Debtors'
independent auditor and tax services provider.  Kurtzman Carson
Consultants LLC acts as the Debtors' Notice, Claims & Balloting
Agent.   The Official Committee of Unsecured Creditors is
represented by Stearns Weaver Weissler Alhadeff & Sitterson PA.

The Debtor's exclusive period to file a plan expires on May 28,
2008.  (TOUSA Bankruptcy News, Issue No. 8; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


VESTA INSURANCE: Florida Select Files February 2008 Report
----------------------------------------------------------
Florida Select Insurance Agency Inc., a debtor-affiliate of Vesta
Insurance Group Inc., filed its monthly operating report for the
period ended Feb. 29, 2008.

                 Florida Select Insurance Agency
                        Income Statement
                   Month Ended February 29, 2008

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

Less:
   Operating Expenses                                         0
                                                   ------------
Net Profit Operations                                        $0


Non-Operating Income (Expenses)
   Interest Earned                                        8,553
   Miscellaneous Income                                       0
                                                  -------------
Net Profit (Loss)                                       ($8,553)
                                                   ============

                  Florida Select Insurance Agency
           Schedule of Cash Receipts and Disbursements
                  Month Ended February 29, 2008

Cash On Hand (Beginning)                             $2,031,355

Cash Receipts:
   Management Fees                                            0
   Loan Proceeds                                              0
   Sale of Property                                           0
   Interest Earned                                        8,553
   Miscellaneous Income                                       0
                                                   ------------
Total Receipts                                            8,553

Cash Disbursements:
   Business Disbursements Form BA-02(B)                       0
                                                   ------------
   Surplus Or Deficit                                     8,553
                                                   ------------
   Cash on Hand (End)                                $2,039,908
                                                   ============

                      About Vesta Insurance

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

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

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

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

Florida Select Insurance Agency Inc., an affiliate, filed for
chapter 11 protection on April 24, 2007 (Bankr. N.D. Ala. Case No.
07-01849).  Rufus Dorsey, IV, Esq., at Parker Hudson Rainer &
Dobbs LLP, represents Florida Select.  FSIA's plan of liquidation
was confirmed on March 24, 2008.  (Vesta Bankruptcy News, Issue
No. 35; 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
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Nothing in the TCR constitutes an offer or solicitation to buy or
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Each Tuesday edition of the TCR contains a list of companies with
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Monthly Operating Reports are summarized in every Saturday edition
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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, and Peter A. Chapman, Editors.

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

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