TCR_Public/080412.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, April 12, 2008, Vol. 12, No. 87

                             Headlines

AMERICAN HOME: Delivers December 2007 Monthly Operating Report
AMERICAN HOME: AHMAI Delivers December 2007 Operating Report
AMERICAN HOME: AHMC Delivers December 2007 Operating Report
AMERICAN HOME: AHMHI Delivers December 2007 Operating Report
AMERICAN HOME: AHMSI Delivers December 2007 Operating Report

AMERICAN HOME: AHMV Delivers December 2007 Operating Report
AMERICAN HOME: Great Oak Delivers December 2007 Operating Report
AMERICAN HOME: Homegate Delivers December 2007 Operating Report
KITTY HAWK: Incurs $108,724 Net Loss in January 2008
KITTY HAWK: Incurs $123,990 Net Loss in February 2008

LTV CORP: Files February 2008 Monthly Operating Report
NEWPOWER HOLDINGS: Files Operating Report for Jan. 31 to Feb. 29
PACIFIC LUMBER: Scotia Development Files February 2008 Report
PACIFIC LUMBER: Scotia Pacific Files February 2008 Report
POPE & TALBOT: Submits Operating Report for December 2007

PROPEX INC: Files Schedules of Assets and Debts
PROPEX INC: Propex Concrete Files Schedules of Assets and Debts
PROPEX INC: Propex Fabrics I Files Schedules of Assets and Debts
PROPEX INC: Propex Fabrics II Files Schedules of Assets and Debts
SIRVA INC: Allied Van Files Schedules of Assets and Debts

SIRVA INC: North American Van Files Schedules of Assets and Debts

                             *********

AMERICAN HOME: Delivers December 2007 Monthly Operating Report
--------------------------------------------------------------
American Home Mortgage Investment Corp. delivered to the U.S.
Bankruptcy Court for the District of Delaware, its December 2007
monthly operating report.

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

Assets:
   Cash and cash equivalents                          $2,088,969
   Restricted cash                                   150,799,967
   Accounts receivable                                 3,700,171
   Intercompany receivable                         1,321,290,557
   Securities                                      1,297,029,994
   Derivative assets                                           5
   Investment in subsidiaries                       (932,327,187)
   Other assets                                            6,927
                                                    ------------
      Total Assets                                $1,842,589,403
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Reverse repurchase agreements                 $513,286,761
      Junior subordinated note                       180,416,000
      Derivative liabilities                          53,817,031
      Accrued expenses & other liabilities           888,003,015
      Intercompany payable                           572,814,990
                                                    ------------
         Total Liabilities                         2,208,337,797

   Stockholders' Equity
      Preferred stock - Series A                      50,856,875
      Preferred stock - Series B                      83,183,125
      Common Stock                                       543,074
      Additional paid-in capital                   1,057,864,155
      Retained earnings                           (1,558,195,623)
                                                    ------------
         Total Stockholders' Equity                 (365,748,394)
                                                    ------------
Total Liabilities & Stockholders' Equity          $1,842,589,403
                                                    ============

             American Home Mortgage Investment Corp.
                       Statement of Income
                  Month Ended December 31, 2007

Net Interest Income:
   Interest income                                  ($42,789,004)
   Interest expense                                            -
                                                    ------------
      Net interest income (loss)                     (42,789,004)

   Provision for loan losses                                   -
                                                    ------------
      Net interest income after provision            (42,789,004)
        for loan losses

Non-Interest Income:
   Gain (loss) on mortgage loans                             (15)
   Loss on securities and derivatives                  3,047,895
   Gain (loss) from Subsidiaries                      (4,792,099)
   Other non-interest income                                   -
                                                    ------------
      Non-interest income (loss)                      (1,744,219)

Other
   Data processing and communications                      2,969
   Other expenses                                              -
                                                    ------------
      Total expenses                                       2,969

Loss before income taxes                             (44,536,192)
Income taxes                                                   -
                                                    ------------
Net loss                                            ($44,536,192)
                                                    ============

             American Home Mortgage Investment Corp.
           Schedule of Cash Receipts and Disbursements
                  Month Ended December 31, 2007

Cash - Beginning of Month, 12/01/2007               $151,772,397

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                              -
   Loans and advances                                  1,116,554
   Administrative                                              -
   Net payroll                                                 -
   Other                                                       -
   Transfers (from DIP accounts)                               -
                                                    ------------
      Total Receipts                                   1,116,554

Disbursements:
   Net payroll                                                 -
   Payroll taxes                                               -
   Sales, use & other taxes                                    -
   Loans and advances                                          -
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                             15
   Selling                                                     -
   Other                                                       -
   Transfers (from DIP accounts)                               -
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                    ------------
      Total Disbursements                                     15
                                                    ------------
      Net Cash Flow                                    1,116,539
                                                    ------------
Cash - End of Month - 12/31/07                      $152,888,936
                                                    ============

                       About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.

The U.S. Bankruptcy Court for the District of Delaware extended
the exclusive periods for American Home Mortgage Investors Corp.
and its debtor-affiliates to file a plan of reorganization through
June 2, 2008; and solicit and obtain acceptances for that plan
through July 31, 2008.

(American Home Bankruptcy News, Issue No. 32; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHMAI Delivers December 2007 Operating Report
------------------------------------------------------------
American Home Mortgage Acceptance Inc., debtor-affiliate of
American Home Mortgage Investment Corp., delivered to the U.S.
Bankruptcy Court for the District of Delaware, its December 2007
monthly operating report.

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

Assets:
   Cash and cash equivalents                            $244,012
   Restricted cash                                             -
   Accounts receivable                                 4,285,211
   Intercompany receivable                           517,059,825
   Mortgage loans                                    332,116,595
   Mortgage servicing rights                          16,744,758
   Other real estate, net                              4,258,234
   Investment in subsidiaries                        (25,649,628)
   Other assets                                          156,271
                                                    ------------
      Total Assets                                  $849,215,278
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Warehouse lines of credit                     $362,119,024
      Accrued expenses & other liabilities            17,970,258
      Intercompany payable                           683,479,551
                                                    ------------
         Total Liabilities                         1,063,568,833

   Stockholders' Equity
      Additional paid-in capital                      40,298,920
      Retained earnings                             (254,652,475)
                                                    ------------
         Total Stockholders' Equity                 (214,353,555)
                                                    ------------
Total Liabilities & Stockholders' Equity            $849,215,278
                                                    ============

             American Home Mortgage Acceptance, Inc.
                       Statement of Income
                  Month Ended December 31, 2007

Net Interest Income:
   Interest income                                    $2,318,261
   Interest expense                                            -
                                                    ------------
      Net interest income                              2,318,261

   Provision for loan losses                                   -
                                                    ------------
      Net interest income after provision              2,318,261
        for loan losses

Non-Interest Income:
   Gain (Loss) on mortgage loans                         767,090
   Gain on securities & derivatives                            -
   Loan servicing fees                                         -
   Changes in fair value of MSR                                -
   Income (Loss) from subsidiaries                        (9,255)
                                                    ------------
      Non-interest income                                757,835

Expenses
   Salaries, commissions & benefits, net                 297,988
   Marketing and promotion                                     -
   Other real estate operating (income) expense          570,547
   Other                                                 (21,684)
                                                    ------------
      Total expenses                                     846,851

(Loss) Income before income taxes                      2,229,245
Income taxes                                                   -
                                                    ------------
Net income                                            $2,229,245
                                                    ============

American Home Mortgage Acceptance, Inc., also reports that its
cash at the start of December was $232,049.  Since it received
$11,962 from loans and advances, its cash increased to $244,011
as of Dec. 31, 2007.

                       About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.

The U.S. Bankruptcy Court for the District of Delaware extended
the exclusive periods for American Home Mortgage Investors Corp.
and its debtor-affiliates to file a plan of reorganization through
June 2, 2008; and solicit and obtain acceptances for that plan
through July 31, 2008.

(American Home Bankruptcy News, Issue No. 32; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHMC Delivers December 2007 Operating Report
-----------------------------------------------------------
American Home Mortgage Corp., debtor-affiliate of American Home
Mortgage Investment Corp., delivered to the U.S. Bankruptcy Court
for the District of Delaware, its December 2007 monthly operating
report.

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

Assets:
   Cash and cash equivalents                         $26,741,952
   Restricted cash                                     7,805,887
   Accounts receivable                                40,680,186
   Intercompany receivable                           697,150,199
   Mortgage loans                                  1,525,122,165
   Derivative assets                                     743,601
   Mortgage servicing rights                         376,840,286
   Other real estate, net                             57,593,856
   Premises and equipment, net                        27,529,081
   Investment in subsidiaries                         74,835,069
   Other assets                                        4,021,016
                                                    ------------
      Total Assets                                $2,839,063,298
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Warehouse lines of credit                   $1,623,880,633
      Derivative liabilities                          10,481,560
      Accrued expenses & other liabilities           481,111,102
      Intercompany payable                         1,446,839,100
      Notes payable                                      913,068
      Income taxes payable                             1,310,632
                                                    ------------
         Total Liabilities                         3,564,536,095

   Stockholders' Equity
      Additional paid-in capital                     153,195,272
      Retained earnings                             (878,668,069)
                                                    ------------
         Total Stockholders' Equity                 (725,472,797)
                                                    ------------
Total Liabilities & Stockholders' Equity          $2,839,063,298
                                                    ============

                  American Home Mortgage Corp.
                       Statement of Income
                  Month Ended December 31, 2007

Net Interest Income:
   Interest income                                    $9,955,404
   Interest expense                                            -
                                                    ------------
      Net interest income                              9,955,404

   Provision for loan losses                                   -
                                                    ------------
      Net interest income after provision              9,955,404
        for loan losses

Non-Interest Income:
   Gain (loss) on mortgage loans                      (1,538,513)
   Loan servicing fees                                11,868,430
   Changes in fair value of MSR                          196,725
   Income (loss) from subsidiaries                      (442,222)
   Other non-interest income (loss)                  (15,127,971)
                                                    ------------
      Non-interest income (loss)                      (5,043,551)

Expenses
   Salaries, commissions & benefits, net               3,113,115
   Occupancy and equipment                             1,805,938
   Data processing and communications                    113,240
   Office supplies and expenses                           56,120
   Marketing and promotion                                  (227)
   Travel and entertainment                                2,000
   Professional fees                                   3,023,541
   Other real estate operating expense                 4,083,065
   Other                                                 116,901
                                                    ------------
      Total expenses                                  12,313,693

Income (Loss) before income taxes                     (7,401,840)
Income taxes                                              (1,818)
                                                    ------------
Net loss                                             ($7,400,022)
                                                    ============

                  American Home Mortgage Corp.
           Schedule of Cash Receipts and Disbursements
                  Month Ended December 31, 2007

Cash - Beginning of Month, 12/01/2007                $40,205,757

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                              -
   Loans and advances                                  2,687,602
   Administrative                                              -
   Net payroll                                                 -
   Other                                                 501,202
   Transfers (from DIP accounts)                               -
                                                    ------------
      Total Receipts                                   3,188,804

Disbursements:
   Net payroll                                         2,235,889
   Payroll taxes                                               -
   Sales, use & other taxes                                    -
   Loans and advances                                          -
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                      6,610,834
   Selling                                                     -
   Other                                                       -
   Transfers (from DIP accounts)                               -
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                    ------------
      Total Disbursements                              8,846,722
                                                    ------------
      Net Cash Flow                                   (5,657,918)
                                                    ------------
Cash - End of Month - 12/31/07                       $34,547,839
                                                    ============

                       About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.

The U.S. Bankruptcy Court for the District of Delaware extended
the exclusive periods for American Home Mortgage Investors Corp.
and its debtor-affiliates to file a plan of reorganization through
June 2, 2008; and solicit and obtain acceptances for that plan
through July 31, 2008.

(American Home Bankruptcy News, Issue No. 32; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHMHI Delivers December 2007 Operating Report
------------------------------------------------------------
American Home Mortgage Holdings Inc., debtor-affiliate of American
Home Mortgage Investment Corp., delivered to the U.S. Bankruptcy
Court for the District of Delaware, its December 2007 monthly
operating report.

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

Assets:
   Cash and cash equivalents                              $1,000
   Accounts receivable                                   134,546
   Intercompany receivable                           133,122,337
   Investment in subsidiaries                       (532,494,950)
   Other assets                                                -
                                                    ------------
      Total Assets                                 ($399,237,067)
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Junior subordinated note                      $304,214,000
      Accrued expenses & other liabilities             4,733,935
                                                    ------------
         Total Liabilities                           308,947,935

   Stockholders' Equity
      Additional paid-in capital                      94,597,809
      Retained earnings                             (802,782,811)
                                                    ------------
         Total Stockholders' Equity                 (708,185,002)
                                                    ------------
Total Liabilities & Stockholders' Equity           ($399,237,067)
                                                    ============

              American Home Mortgage Holdings, Inc.
                       Statement of Income
                  Month Ended December 31, 2007

Non-interest income:
Income (loss) from subsidiaries                      ($7,021,344)
                                                    ------------
      Non-interest income (loss)                      (7,021,344)
                                                    ------------
Total Expenses                                                 -
                                                    ------------
Income (Loss) before income taxes                     (7,021,344)
Income taxes                                                   -
                                                    ------------
Net loss                                             ($7,021,344)
                                                    ============

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

                       About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.

The U.S. Bankruptcy Court for the District of Delaware extended
the exclusive periods for American Home Mortgage Investors Corp.
and its debtor-affiliates to file a plan of reorganization through
June 2, 2008; and solicit and obtain acceptances for that plan
through July 31, 2008.

(American Home Bankruptcy News, Issue No. 32; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHMSI Delivers December 2007 Operating Report
------------------------------------------------------------
American Home Mortgage Servicing Inc., debtor-affiliate of
American Home Mortgage Investment Corp., delivered to the U.S.
Bankruptcy Court for the District of Delaware, its December 2007
monthly operating report.

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

Assets:
   Cash and cash equivalents                        $114,951,104
   Restricted cash                                    13,724,061
   Securities purchased under agreements                       -
   Accounts receivable & servicing advances          146,556,521
   Intercompany receivable                           123,310,532
   Premises and equipment, net                         2,565,518
   Investment in subsidiaries                          9,715,319
   Other assets                                          824,217
                                                    ------------
      Total Assets                                  $411,647,272
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Warehouse lines of credit                                -
      Accrued expenses & other liabilities          $173,851,015
      Intercompany payable                           130,998,620
      Income taxes payable                                 6,762
                                                    ------------
         Total Liabilities                           304,856,397

   Stockholders' Equity
      Additional paid-in capital                      37,000,200
      Retained earnings                               69,790,675
                                                    ------------
         Total Stockholders' Equity                  106,790,875
                                                    ------------
Total Liabilities & Stockholders' Equity            $411,647,272
                                                    ============

             American Home Mortgage Servicing, Inc.
                       Statement of Income
                  Month Ended December 31, 2007

Net interest income:
   Interest income                                             -
   Interest expense                                            -
   Provision for loan losses                                   -
                                                    ------------
   Net interest income after losses                            -

Non-Interest Income:
   (Loss) Gain on mortgage loans                        ($39,744)
   Loan servicing fees
   Gain on sale of servicing platform
   Other non-interest income                             492,366
                                                    ------------
      Non-interest income                                452,622

Expenses
   Salaries, commissions & benefits, net               1,433,048
   Occupancy and equipment                               218,691
   Data processing and communications                     39,962
   Office supplies and expenses                           70,606
   Marketing and promotion                                     -
   Travel and entertainment                                9,867
   Professional fees                                      17,177
   Other real estate operating expense                      (481)
   Other                                              (1,896,773)
                                                    ------------
      Total expenses                                    (107,903)

Income (Loss) before income taxes                        560,525
Income taxes                                                   -
                                                    ------------
Net income                                              $560,525
                                                    ============

             American Home Mortgage Servicing, Inc.
           Schedule of Cash Receipts and Disbursements
                  Month Ended December 31, 2007

Cash - Beginning of Month, 12/01/2007               $123,537,989

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                              -
   Loans and advances                                  2,470,957
   Administrative                                      2,666,219
   Net payroll                                                 -
   Other                                                       -
   Transfers (from DIP accounts)                               -
                                                    ------------
      Total Receipts                                   5,137,176

Disbursements:
   Net payroll                                                 -
   Payroll taxes                                               -
   Sales, use & other taxes                                    -
   Loans and advances                                          -
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                              -
   Selling                                                     -
   Other                                                       -
   Transfers (from DIP accounts)                               -
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                    ------------
      Total Disbursements                                      -
                                                    ------------
      Net Cash Flow                                    5,137,176
                                                    ------------
Cash - End of Month - 12/31/07                      $128,675,165
                                                    ============

                       About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.

The U.S. Bankruptcy Court for the District of Delaware extended
the exclusive periods for American Home Mortgage Investors Corp.
and its debtor-affiliates to file a plan of reorganization through
June 2, 2008; and solicit and obtain acceptances for that plan
through July 31, 2008.

(American Home Bankruptcy News, Issue No. 32; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHMV Delivers December 2007 Operating Report
-----------------------------------------------------------
American Home Mortgage Ventures LLC, debtor-affiliate of American
Home Mortgage Investment Corp., delivered to the U.S. Bankruptcy
Court for the District of Delaware, its December 2007 monthly
operating report.

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

Assets:
   Cash and cash equivalents                            $613,049
   Intercompany receivable                                     -
   Premises and equipment, net                             2,200
   Other assets                                                -
                                                    ------------
      Total Assets                                      $615,249
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Accrued expenses & other liabilities                 ($568)
      Intercompany payable                               156,507
                                                    ------------
         Total Liabilities                               155,939

   Stockholders' Equity
      Additional paid-in capital                         395,500
      Retained earnings                                   63,810
                                                    ------------
         Total Stockholders' Equity                      459,310
                                                    ------------
Total Liabilities & Stockholders' Equity                $615,249
                                                    ============

American Home Mortgage Ventures, LLC, also discloses that its
cash as of Dec. 1, 2007, was $613,049.  Since there was no
cash receipts and disbursements for December, AHM Ventures' cash
at the end of the month is still $613,049.

                       About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.

The U.S. Bankruptcy Court for the District of Delaware extended
the exclusive periods for American Home Mortgage Investors Corp.
and its debtor-affiliates to file a plan of reorganization through
June 2, 2008; and solicit and obtain acceptances for that plan
through July 31, 2008.

(American Home Bankruptcy News, Issue No. 32; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


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

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

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

Liabilities and Stockholders' Equity

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

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

Great Oak Abstract Corp. reports that its cash at the start of
December was $380,941.  Since it transferred $93,132 to DIP
Accounts, its cash decreased to $287,809 as of Dec. 31, 2007.

                       About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.

The U.S. Bankruptcy Court for the District of Delaware extended
the exclusive periods for American Home Mortgage Investors Corp.
and its debtor-affiliates to file a plan of reorganization through
June 2, 2008; and solicit and obtain acceptances for that plan
through July 31, 2008.

(American Home Bankruptcy News, Issue No. 32; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


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

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

Assets:
   Cash and cash equivalents                            $234,599
   Restricted cash                                             -
   Intercompany receivable                                     -
   Premises and equipment, net                           233,715
   Other assets                                                -
                                                    ------------
      Total Assets                                      $468,314
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Accrued expenses & other liabilities            $2,552,889
      Intercompany payable                             9,051,551
      Income taxes payable                                 3,671
                                                    ------------
         Total Liabilities                            11,608,111

   Stockholders' Equity
      Additional paid-in capital                         250,000
      Retained earnings                              (11,389,797)
                                                    ------------
         Total Stockholders' Equity                  (11,139,797)
                                                    ------------
Total Liabilities & Stockholders' Equity                $468,314
                                                    ============

               Homegate Settlement Services, Inc.
                       Statement of Income
                  Month Ended December 31, 2007

Non-interest income:
   Tax service income (fees)                               ($625)
                                                    ------------
      Non-interest income (loss)                            (625)

Expenses:
   Salaries, commissions and benefits, net                     -
   Data processing and communications                          -
   Marketing and promotion                                     -
   Other                                                       -
                                                    ------------
      Total expenses                                           -

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

Homegate Settlement Services, Inc., also discloses that its cash
as of Dec. 1, 2007, was $234,599.  Since there was no cash
receipts and disbursements for December, Homegate Settlement's
cash at the end of the month is still $234,599.

                       About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.

The U.S. Bankruptcy Court for the District of Delaware extended
the exclusive periods for American Home Mortgage Investors Corp.
and its debtor-affiliates to file a plan of reorganization through
June 2, 2008; and solicit and obtain acceptances for that plan
through July 31, 2008.

(American Home Bankruptcy News, Issue No. 32; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


KITTY HAWK: Incurs $108,724 Net Loss in January 2008
----------------------------------------------------
Kitty Hawk Inc. filed with the U.S. Bankruptcy Court for the
Northern District of Texas its monthly operating report for
January 2008.

For the month of January 2008, the Debtor generated zero net
revenues and incurred a net loss of $108,724.

   Cash Beginning of the Month                   $1,657,197
   Total Receipts                                $2,691,682
   Total Cash Available                          $4,348,879
   Total Operating Disbursements                 $1,804,552
   Total Disbursement                            $1,839,802
   Net Cash Flow                                   $851,880
   Cash End of the Month                         $2,509,077

As of Jan. 31, 2008, the Debtor's balance sheet showed total
assets of $42,263,320, total postpetition liabilities of
$1,205,489, total prepetition liabilities of $638,123, and
total equity of $40,419,708.

A full-text copy of Kitty Hawk Ground Inc.'s January 2008 Monthly
Operating Report is available for free at

               http://ResearchArchives.com/t/s?2a77

                         About Kitty Hawk

Headquartered in Texas, Kitty Hawk Inc. (AMEX: KHK) --
http://www.kittyhawkcompanies.com/-- is a holding company
providing corporate planning and administrative services.  It
operates through its three wholly owned bankrupt subsidiaries,
Kitty Hawk filed for Chapter 11 protection on May 1, 2000 (Bank.
N.D. Tex. Case No. 00-42141).  On Aug. 5, 2002, the Court
confirmed the Debtor's Plan which became effective on Sept. 30,
2002.

The Debtor, along with four affiliates, filed new voluntary
chapter 11 petitions on Oct. 15, 2007 (Bankr. N.D. Tex. Case Nos.
07-44536 to 07-44540).  Gogi Malik, Esq., and Jason S. Brookner,
Esq., at Andrews & Kurth, LLP, represent the Debtors.  The
Official Committee of Unsecured Creditors has selected Munsch,
Hardt, Kopf & Harr, P.C., as its counsel.


KITTY HAWK: Incurs $123,990 Net Loss in February 2008
-----------------------------------------------------
Kitty Hawk Inc. filed with the U.S. Bankruptcy Court for the
Northern District of Texas its monthly operating report for
February 2008.

For the month of February 2008, the Debtor generated zero net
revenues and incurred a net loss of $123,990.

   Cash Beginning of the Month                   $2,509,077
   Total Receipts                                $4,839,255
   Total Cash Available                          $7,348,332
   Total Operating Disbursements                 $1,050,562
   Total Disbursement                            $1,050,562
   Net Cash Flow                                 $3,788,693
   Cash End of the Month                         $6,297,770

As of Feb. 29, 2008, the Debtor's balance sheet showed total
assets of $42,301,863, total postpetition liabilities of
$1,389,758, total prepetition liabilities of $616,387, and
total equity of $40,295,718.

A full-text copy of Kitty Hawk Ground Inc.'s February 2008 Monthly
Operating Report is available for free at

               http://ResearchArchives.com/t/s?2a77

                           About Kitty Hawk

Headquartered in Texas, Kitty Hawk Inc. (AMEX: KHK) --
http://www.kittyhawkcompanies.com/-- is a holding company
providing corporate planning and administrative services.  It
operates through its three wholly owned bankrupt subsidiaries,
Kitty Hawk filed for Chapter 11 protection on May 1, 2000 (Bank.
N.D. Tex. Case No. 00-42141).  On Aug. 5, 2002, the Court
confirmed the Debtor's Plan which became effective on Sept. 30,
2002.

The Debtor, along with four affiliates, filed new voluntary
chapter 11 petitions on Oct. 15, 2007 (Bankr. N.D. Tex. Case Nos.
07-44536 to 07-44540).  Gogi Malik, Esq., and Jason S. Brookner,
Esq., at Andrews & Kurth, LLP, represent the Debtors.  The
Official Committee of Unsecured Creditors has selected Munsch,
Hardt, Kopf & Harr, P.C., as its counsel.


LTV CORP: Files February 2008 Monthly Operating Report
------------------------------------------------------
The L.T.V. Corp. and its debtor-affiliates filed with the
United States Bankruptcy Court for the Northern District of Ohio
their monthly unaudited operating report for the period ended
Feb. 29, 2008.

As of Feb. 29, 2008, the Debtors' consolidated cash receipts and
disbursements statement reflected total cash receipts of $26,000
and total disbursements of $301,000.  For the month ended Jan. 31,
2008, it reported a beginning cash of $13,358,000 and an ending
cash of $13,083,000.

A full-text copy of the Debtor's February 2008 report is available
for free at http://ResearchArchives.com/t/s?2a78

Headquartered in Cleveland, Ohio, The LTV Corp. is a manufacturer
with interests in steel and steel-related businesses, employing
some 17,650 workers and operating 53 plants in Europe and the
Americas.  The company filed for chapter 11 protection on Dec. 29,
2000 (Bankr. N.D. Ohio, Case No. 00-43866).  Richard M. Cieri,
Esq., and David G. Heiman, Esq., at Jones, Day, Reavis & Pogue,
represent the Debtors in their restructuring efforts.  On Aug. 31,
2001, the company listed $4,853,100,000 in assets and
$4,823,200,000 in liabilities.


NEWPOWER HOLDINGS: Files Operating Report for Jan. 31 to Feb. 29
----------------------------------------------------------------
NewPower Holdings Inc. and its debtor-affiliates filed its monthly
operating report for the period from Jan. 1 to Feb. 29, 2008, with
the U.S. Bankruptcy Court for the Northern District of Georgia,
Newnan Division.

The Debtors reported an opening cash balance of $1,420 and a
closing cash balance of $1,325.

A full-text copy of NewPower Holdings Inc. and its debtor-
affiliates' monthly operating report for the period from Jan. 1 to
Feb. 29, 2008, is available at no charge at

               http://ResearchArchives.com/t/s?2a76  

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

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

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


PACIFIC LUMBER: Scotia Development Files February 2008 Report
-------------------------------------------------------------
Scotia Development LLC, debtor-affiliate of The Pacific Lumber
Company, filed its monthly operating report for the period ended
Feb. 29, 2008, disclosing:

                  Scotia Development LLC, et al.
                   Consolidated Balance Sheet
                    As of February 29, 2008
     
ASSETS     
Current Assets     
   Cash                                              $1,193,350     
   Accounts receivable, net                          64,890,887
   Inventory: lower cost or market                   17,182,406
   Prepaid expenses                                   5,415,957
   Prepaid Restructuring                                200,000
   Investments                                                -
   Other                                                255,882
                                                  -------------
      Total Current Assets                           30,737,482
     
Property, Plant & Equipment                         186,921,161
Less: Accumulated Depreciation                   (1,200,46,261)
                                                  -------------
Net book value of property & plant                   66,874,900
Other Assets     
   Notes Receivable                                     609,888
   Deferred Financing Costs                           4,778,195
   Long-term Investments                              3,410,259
   Restricted Cash                                    2,509,580
   Restricted Cash --
    Letter of Credit Collaterization                 10,862,851
   Deferred Tax Assets                               13,313,381
                                                  -------------
      TOTAL ASSETS                                 $133,096,536
                                                  =============
     
LIABILITIES & OWNERS EQUITY     
Postpetition Liabilities     
   Trade accounts payable                            $1,244,687
   Tax payable     
      Federal payroll taxes                             111,801
      State payroll taxes                               128,700
      Ad valorem taxes                                  191,852   
      Other taxes                                     1,314,647
                                                   ------------
         Total taxes payable                          1,747,000       
     
      Secured debt postpetition                      75,000,000   
      Accrued interest payable                        1,744,534
      Accrued professional fees                       3,308,353
      Other accrued liabilities   
         Trade Accruals                                 956,941
         Compensation and Benefits                    1,092,811
         Other Accrued                                2,509,991
         Due to Affiliate/Parent                      7,368,079
                                                   ------------
  Total Postpetition Liabilities                     94,972,396
     
Prepetition Liabilities     
   Notes payable -- Secured                          84,277,251
   Priority debt                                      3,292,393
   Federal income tax                                   (17,006)
   FICA/ Withholding                                          -
   Unsecured debt                                     3,026,207
   Other                                             28,453,710
   Due to Affiliate/Parent                           41,661,505
                                                   ------------
      Total Prepetition Liabilities                 160,694,060
                                                   ------------
      Total Liabilities                             255,666,456
     
Owner's Equity (Deficit)     
   Equity in Affiliates                             549,506,051
   Common Stock                                           1,001
   Additional Paid-in Capital                       275,546,288
   Retained Earnings: Filing Date                  (792,985,229)
   Retained Earnings: Post Filing Date             (154,638,031)
                                                   ------------
Total Owner's Equity                               (122,569,920)
                                                   ------------
TOTAL LIABILITIES & OWNERS EQUITY                  $133,096,536   
                                                   ============
     
                Scotia Development LLC, et al.
                    Statement of Income
                For the Period Ended 29, 2008
     
     
Revenues                                             $7,761,659
Total cost of revenues                                8,655,400    
                                                    -----------
Gross Profit                                           (893,741)
     
Operating Expenses     
   Selling & Marketing                                   77,384
   General & Administrative                             245,469
   Insiders Compensation                                105,680
   Professional Fees                                          -
   Idle Facilities                                      107,005
   Environmental                                         28,740
                                                    -----------
      Total Operating Expenses                          564,279
                                                    -----------
Income before interest, depreciation, tax            (1,458,020)
Interest Expense                                      1,411,360
Depreciation                                            713,219
Other (Income) Expenses                                 291,352
Restructuring      
   Professional Fees                                  1,152,036
   Others                                               (43,263)
Amortization of Deferred Financing Costs                387,997
Equity Loss (Earnings) in Subsidiary                  6,447,999
Total Interest, Depreciation & Other Items           10,360,700
                                                    -----------
Net Income (Loss) Before Taxes                      (11,818,720)
Federal Income Tax                                       (1,076)
                                                    -----------
Net Income (Loss)                                  ($11,817,644)
                                                    ===========     

               Scotia Development LLC, et al.
              Cash Receipts and Disbursements
           For the Month Ended February 29, 2008
     
Receipts     
   Cash Sales                                          $190,314    
   Collection of Accounts Receivable                  6,836,116
   Loans & Advances                                           -
   Sale of Assets                                       162,202
   Other                                                526,462
                                                     ----------
      Total Receipts                                  7,715,094
     
Disbursements     
   Net payroll                                          867,098
   Payroll taxes paid                                   384,540
   Sales, use & other taxes paid                         27,721
   Secured/rentals/leases                               191,613
   Utilities & telephone                                 81,334
   Insurance                                            444,240
   Cost of goods sold                                 1,586,340
   Vehicle expenses                                      75,688
   Travel & entertainment                                23,402
   Repairs, maintenance & supplies                      479,499
   Administrative & selling                             781,174
   Interest                                             923,105
                                                     ----------
      Total Disbursements from operations             5,865,755
     
Professional fees                                     1,206,739
U.S. Trustee fees                                        10,750
Other reorganization expenses                                 -
                                                     ----------
   Total Disbursements                                7,083,244
                                                     ----------
Net Cash Flow                                           631,850
                                                     ----------
Cash, at the beginning of the month                     561,500
                                                     ----------
Cash, at the end of the month                        $1,193,350
                                                     ==========

                       About Pacific Lumber

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

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

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

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

When Pacific Lumber filed for protection from its creditors, it
listed estimated assets and debts of more than $100 million.
Scotia Pacific listed total assets of $932,000,000 and total debts
of $765,978,335.

The Debtors filed their Joint Plan of Reorganization on Sept. 30,
2007, which was amended on Dec. 20, 2007.  Four other parties-in-
interest have filed competing plans for the Debtors -- The Bank of
New York Trust Company, N.A., as Indenture Trustee for the Timber
Notes; the Official Committee of Unsecured Creditors; Marathon
Structured Finance Fund L.P, the Debtors' DIP Lender and Agent
under the DIP Credit Facility; and the Heartlands Commission,
which represents the tribal members of the Bear River Band of
Rohnerville Rancheria and PALCO employees.

The Debtors' exclusive plan filing period expired on Feb. 29,
2008.  (Scotia/Pacific Lumber Bankruptcy News, Issue No. 53;
http://bankrupt.com/newsstand/or 215/945-7000).


PACIFIC LUMBER: Scotia Pacific Files February 2008 Report
---------------------------------------------------------
Scotia Pacific Company LLC, debtor-affiliate of The Pacific Lumber
Company, filed its monthly operating report for the period ended
Feb. 29, 2008, disclosing:

                    Scotia Pacific Company LLC
                    Consolidated Balance Sheet
                     As of February 29, 2008

ASSETS
Current
Assets                                                                              
   Cash                                           $40,216,470
   Accounts receivable, net                         8,647,879
   Inventory: lower cost or market                  1,257,340
   Prepaid expenses                                 5,919,881
   Prepaid Restructuring                              774,671
   Investments                                              -
   Other                                               719,11
                                                 ------------
      Total Current Assets                         57,535,357

Property, Plant & Equipment                       601,915,867
Less: Accumulated Depreciation                   (360,815,229)
                                                 ------------
Net book value of property & plant                241,100,637
Other Assets                                                -
   Capitalized Expenses                             9,875,235
                                                 ------------
      TOTAL ASSETS                               $308,511,230
                                                 ============

LIABILITIES & OWNERS EQUITY
Postpetition Liabilities
   Trade accounts payable                             $52,428
   Tax payable      
      Federal payroll taxes                            14,486
      State payroll taxes                              28,793
      Ad valorem taxes                                161,995
      Other taxes                                     130,479
                                                 ------------   
        Total taxes payable                           335,752
      Secured debt postpetition                             -
      Accrued interest payable                     60,015,447
      Accrued professional fees                     6,165,458
      Other accrued liabilities
         Unsecured Debt                             2,639,519
         Payroll                                      619,900
         Other                                        216,369
                                                 ------------
      Total Postpetition Liabilities               70,044,873      
Prepetition Liabilities
    Notes payable - Secured                       767,391,636
    Priority debt                                      79,064
    Federal income tax                                      -
    FICA/ Withholding                                       -
    Unsecured debt                                      7,954
    Other                                                   -
                                                 ------------
      Total Prepetition Liabilities               770,828,654
                                                 ------------
      Total Liabilities                           840,873,528

Owner's Equity (Deficit)
   Preferred Stock                                          0
   Common Stock                                    20,384,905
   Additional Paid-in Capital                     179,838,186
   Retained Earnings: Filing Date                (662,108,832)
   Retained Earnings: Post Filing Date            (70,476,557)
                                                 ------------
Total Owner's Equity                             (532,362,298)
                                                 ------------
TOTAL LIABILITIES & OWNERS EQUITY                $308,511,230
                                                 ============

                    Scotia Pacific Company LLC
                       Statement of Income
               For the Period Ended February 29, 2008

Revenues                                           $1,658,725
Total cost of revenues                                855,618

Gross Profit                                          803,108

Operating Expenses
   Selling & Marketing                                      -
   General & Administrative                           272,040
   Insiders Compensation                                    -
   Professional Fees                                        -
   Idle Facilities                                          -
   Environmental                                            -
                                                   ----------
   Total Operating Expenses                           272,040
                                                   ----------
                            
Income before interest, depreciation, tax             531,068
Interest Expense                                    4,638,592
Depreciation                                          539,983
Other (Income) Expenses                              (143,029)
Amortization of Deferred Financing Costs                    -
Restructuring
    Professional Fees                               1,812,716
    Other                                             130,805
Equity Loss (Earnings) in Subsidiary                        -
Total Interest, Depreciation & Other Items          6,979,067
                                                   ----------          
Net Income Before Taxes                            (6,447,999)
Federal Income Tax                                          -
                                                   ----------
Net Income (Loss)                                 ($6,447,999)         
                                                   ==========

                 Scotia Pacific Company LLC
               Cash Receipts and Disbursements
            For the Month Ended February 29, 2008

Receipts
   Cash Sales                                              $0
   Collection of Accounts Receivable                        0
   Loans & Advances                                         0
   Sale of Assets                                           0
   Interest Income                                    148,699
   Log Sales to Palco less Reimbursable                     -
   Other                                                3,821
                                                  -----------
      Total Receipts                                  152,520

Disbursements
   Net payroll                                        275,233
   Payroll taxes paid                                  90,100
   Sales, use & other taxes paid                            -
   Secured/rentals/leases                              19,090
   Utilities & telephone                                  598
   Insurance                                          105,064
   Cost of goods sold                                       0
   Vehicle expenses                                         0
   Travel & entertainment                                   0
   Repairs, maintenance & supplies                          0
   Administrative & selling                           368,656
   Decking, logging & hauling                       1,134,328
   Other                                                    -
                                                  -----------
      Total Disbursements from operations           1,993,069

Professional fees                                     509,314
U.S. Trustee fees                                      10,000
Interest                                              221,145
Other reorganization expenses                               -
                                                  -----------
     Total Disbursements                            2,733,528
                                                  -----------
Net Cash Flow                                      (2,581,008)
                                                  -----------
Cash, at the beginning of the month                42,797,478
                                                  -----------
Cash, at the end of the month                     $40,216,470
                                                  ===========

                       About Pacific Lumber

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

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

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

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

When Pacific Lumber filed for protection from its creditors, it
listed estimated assets and debts of more than $100 million.
Scotia Pacific listed total assets of $932,000,000 and total debts
of $765,978,335.

The Debtors filed their Joint Plan of Reorganization on Sept. 30,
2007, which was amended on Dec. 20, 2007.  Four other parties-in-
interest have filed competing plans for the Debtors -- The Bank of
New York Trust Company, N.A., as Indenture Trustee for the Timber
Notes; the Official Committee of Unsecured Creditors; Marathon
Structured Finance Fund L.P, the Debtors' DIP Lender and Agent
under the DIP Credit Facility; and the Heartlands Commission,
which represents the tribal members of the Bear River Band of
Rohnerville Rancheria and PALCO employees.

The Debtors' exclusive plan filing period expired on Feb. 29,
2008.  (Scotia/Pacific Lumber Bankruptcy News, Issue No. 53;
http://bankrupt.com/newsstand/or 215/945-7000).


POPE & TALBOT: Submits Operating Report for December 2007
---------------------------------------------------------
Pope & Talbot Inc. and its debtor-affiliates amended their monthly
operating report for December 2007 to reflect that:

   * the U.S. Trustee's quarterly disbursements total
     $28,000; and

   * the U.S. Trustee's quarterly fees total $1,749,743.

                       About Pope & Talbot

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

The company and its U.S. and Canadian subsidiaries applied for
protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.

The company and 14 of its debtor-affiliates filed for Chapter 11
protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case No. 07-
11738).  Shearman & Sterling LLP is the Debtor's bankruptcy
counsel, while Laura Davis Jones, Esq. at Pachulski, Stang, Ziehl
& Jones L.L.P. represents the Debtors as bankruptcy co-counsel.
The Official Committee of Unsecured Creditors selected Fried,
Frank, Harris, Shriver & Jacobson LLP as its bankruptcy counsel.
When the Debtors filed for bankruptcy, they listed total assets of
$681,960,000 and total debts of $601,090,000.

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

The Debtors' exclusive plan filing period was extended until
June 2, 2008.  The Debtors have asked the Court in Canada to
further extend their CCAA stay until May 23, 2008.  (Pope & Talbot
Bankruptcy News, Issue No. 17; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


PROPEX INC: Files Schedules of Assets and Debts
-----------------------------------------------
Propex Inc. delivered to the U.S. Bankruptcy Court for the Eastern
District of Tennessee its schedules of assets and liabilities,
disclosing:

A.   Real Property
       Ringgold Plant                              $12,269,951
       Nashville Plant                               6,396,708
       Hazelhurst Plant                              7,300,940
       Brainbridge Plant                             6,614,834
       Yonah Plant                                   4,375,103
       Seneca Plant                                  3,450,000
       Shugart Road Distribution Center              3,957,118
       Dalton Distribution Center                    4,584,651

B.   Personal Property  
B.1  Cash on hand                                          N/A
B.2  Financial Accounts                                  
       Bank of America (f/k/a LaSalle Bank)         
         Accounts payable account #XXXX-XX-3653      3,163,030
         Master account #XXXX-XX-0250                2,416,584         
         Lockbox account #XXXX-XX-0268                 505,217
         Payroll account #XXXX-XX-3646                 298,941
         Flex spending account #XXXX-XX-0383             3,497
         AP EFT account #XXXX-XX-0276                        0
         Workers comp account #XXXX-XX-3679             (6,895)
       Bank of Montreal
         Checking account #XXXX-XX-3472                 80,824
         Lockbox account #XXXX-XX-4711                     268
       JP Morgan Bank                                1,562,569
       JP Morgan Chase Bank, N.A.                          965
       Wells Fargo                                       4,671
B.3  Security Deposits                                       
       American Express                                300,000
       Cass Information Systems                        225,086
       Pilot Travel Centers                            101,894
       Vision Service Plan                              60,000
       Metlife                                          40,000
       Flexible Corporate Plans, Inc.                   50,000
       Miller & Martin LLP                              45,000
       Georgia Department of Revenue                    30,574
       Southern CA Edison - Utility Deposit              2,000
       Dalton Utilities                                    223
B.4  Household Goods and Furnishings                         0
B.5  Books, pictures and other art objects                   0
B.6  Wearing apparel                                         0
B.7  Furs and jewelry                                        0
B.8  Firearms, sports and other hobby equipment              0
B.9  Interests in insurance policies                         
       Star Excess International                     1,054,087
       Factory Mutual Insurance Co.                  1,031,524
       AIG - Worker's Comp./Employers' Liability       282,754
       Eagle - Commercial Gen./Pollution Liability     280,338
       National Union-D&O Tail Insurance policy        226,639
       Eagle - Umbrella/Excess Liability Lead          124,809
       AIG - Umbrella/Excess Liability 2nd Excess      198,000
       AIG Environmental-Product and Pollution         198,717
       Ace - Umbrella / Excess Liability 3rd Excess     84,117
       AIG Environmental-Punitive Damage Liability      62,136
       ACE-Marine Cargo                                 14,884
       AIG-Int'l. Gen, Employee Benefits                39,922
       AIG - Automobile Liability                       57,937
       American International Specialty Lines Ins.      52,426
       Federal-Employment Practices Liability           45,522
       National Union-Excess D&O Liability              37,219
       National Union-Fiduciary Liability               12,403
       National Union-Blanket Crime Coverage            12,690
       Liberty-Special Crime/Kidnap & Ransom             9,923
       AIG-Int'l. Workers Comp. & Emp. Liability         2,854
B.10 Annuities                                               0
B.11 Interests in education IRA                              0
B.12 Interest in pension, profit sharing plan                0
B.13 Stock & Interests                                 Unknown     
B.14 Investments in subsidiaries & others                    0
B.15 Gov't. & corporate bonds, etc.                          0
B.16 Accounts Receivable
       Net trade accounts receivable                47,346,704
         See: http://bankrupt.com/misc/PropexInc_Sched16.pdf
       Intercompany notes receivable from
         Propex Concrete Systems Corporation         2,798,150
       Intercompany accounts receivable due from
         Mexico-affiliate                            1,770,259
         Germany-affiliate                             225,896
         Brazil-affiliate                              108,335
         Hungary-affiliate                              86,814
       Non-trade accounts receivable
         American Fibers and Yarns                     928,980
       CRI/Chattanooga, Inc-Estimated scrap            360,909
       Accounts receivable - Employee                    2,577
       Employee advance                                  1,000
       Accounts receivable - Royalty payments            1,000
       Allowance for doubtful accounts                (655,758)
       Accounts receivable reduction to adjust
         for timing difference between shipping
         point and shipping destination terms       (1,184,400)
B.17 Alimony & property settlements                          0
B.18 Liquidated debts owed to debtor                         
       State of Georgia refund for tax payment         129,669
B.19 Other equitable interests                               0
B.20 Investment in deferred compensation                     0
B.21 Derivative asset                                        0
B.22 Intellectual property                             Unknown      
B.23 Licenses & franchises                             Unknown      
B.24 Borrower & applicant list                             N/A  
B.25 Vehicles & accessories                             
       Trailers                                         16,020
       Automobile                                       10,895
B.26 Boats, motors & accessories                             0
B.27 Aircraft & accessories                                  0
B.28 Office equipment, furnishings, supplies           
       Computer Equipment                              532,990
       Furniture & Fixtures                            242,482
       Telecom Equipment                               172,850
       Group impairment charge                        (101,059)
B.29 Machinery, supplies, equipment, supplies      
       M&E 7 Year Tax Life                          62,176,953
       M&E 5 Year Tax Life                          29,786,396
       Equipment                                    14,050,842
       Assets under construction                     5,546,385
       Lab Equipment                                   141,685
       Depr. On Assets Moved Into Storage              (34,989)
B.30 Inventory                                               
       Dalton Distribution Center                   12,890,699
       Bassford Warehouse #2                        10,383,257
       Capitalized Manufacturing Variances           9,935,749
       Ringgold Plant                                9,877,311
       Ringgold Plant                                8,453,239
       Nashville Plant                               7,245,311
       Hazelhurst Plant                              6,031,660  
       Lakeland 2 Warehouse                          5,632,098
       Nashville Plant                               5,535,081
       Yonah Plant                                   3,567,841
       Brainbridge Plant                             3,332,861
       Shugart Road Distribution Center              1,649,064
       E&T Converters                                1,371,822
       Northside Warehouse                             356,405
       Third Party, FG Distribution                    243,462
       Brainbridge Plant                               124,200
       Ringgold Plant                                   26,054
       Chickamauga Facility                              6,242
       Northside Warehouse                               3,499
       Lakeland 2 Warehouse                              3,360
       Ringgold Plant                                    2,640
       Lakeland 2 Warehouse                              1,977
       Dalton Distribution Center                        1,700
       Northside Warehouse                               1,554
       Santa Fe Springs Warehouse                          990
       Chattanooga Facility                                938
       Non plant-specific inventory                 (2,300,894)
       SAB 101 Equipment                             1,060,891
B.31 Animals                                                 0
B.32 Crops                                                   0
B.33 Farming equipment & implements                          0
B.34 Farm supplies, chemicals & feed                         0
B.35 Other personal property        
       Prepaid Inventory                            11,551,224
       Prepaid Expenses                                594,940
       BP Environmental Indemnification receivable     435,228
       AP Debits - reclassified                        186,196  
       Sr. Supplemental Savings Plan - Rabbi Trust     156,094          
       Accrued deposit - Lean Consulting                 5,670
             
     TOTAL SCHEDULED ASSETS                       $325,157,482        
     =========================================================

C.   Property Claimed as Exempt                           None

D.   Creditors Holding Secured Claims              
       BNP Paribas, as Administrative Agent       $224,351,467
       AFCO Premium Credit LLC                       2,851,939
       Georgia Self Insurers Guaranty Trust Fund     1,206,245
       Citibank N.A., New York                         748,829
       Applied Industrial Technologies Inc.             83,198
       Docuteam                                         27,107
       Citicorp Leasing                                  2,355


E.   Creditors Holding Unsecured Priority Claims  
       Ad Valorem Tax:           
         Jeff Davis County Commissioner                520,301
         Catoosa County Tax Commissioner               379,032
         Berrien County Tax Commissioner               330,414
         Decatur County Tax Commissioner               324,638
         Whitfield County Tax Commissioner             256,812
         City of Hazelhurst                            103,957
         Banks County Tax Commissioner                  95,479
         Oconee County Treasurer                        32,472
         Jeff Davis County Commissioner                 24,167
         Catoosa County Tax Commissioner                17,605
         Berrien County Tax Commissioner                15,347
         Decatur County Tax Commissioner                15,079
         Whitfield County Tax Commissioner              11,928  
         Banks County Tax Commissioner                  10,000
       Franchise/privilege tax
         Alabama Dept of Revenue                        10,814
       Others                                           38,176

F.   Creditors Holding Unsecured Non-priority Claims
       Wells Fargo Bank, N.A., as Trustee          152,028,688
       Intercompany A/P due:
         Propex Fabrics Int'l. Holdings I           27,487,336
         Propex Holdings, Inc                        1,461,000
       Superior Yarn Technology                      1,336,178
       Georgia Power Company                         1,130,538
       Techmer Pm, Llc                                 869,320
       W. Michael Coffin                               752,159
       Fibervisions                                    738,647
       Newark Paperboard Products                      712,106
       Hazlehurst Georgia manufacturing facility
         Liability for environmental cleanup at site   435,228  
       American Fiber & Yarn                           381,960
       Carthage Mills Erosion Control                  370,000
       Leonard Chill                                   291,200
       Georgia Subsequent Injury Trust Fund            276,617
       Edmund Stanczak                                 273,468
       Standridge Color Corporation                    245,986  
       Advanced Drainage Systems                       217,000
       Total Petrochemicals, Inc.                      187,803
       Solutia, Inc.                                   183,986
       Flint Hills Resources (Pp)                      164,672
       Contech EC                                      156,428
       Joseph F. Dana                                  139,559
       KPMG LLP                                        134,608
       A.H. Harris & Sons                              125,000  
       Brock White Company Llc                         125,000
       Capgemini Us Llc                                124,766
       Exxon Chemical Americas                         122,821
       Groz-Beckert USA, Inc.                          119,770
       Lufkin Industries                               116,888
       Teems Electric Co, Inc                          280,028
       Americhem Dalton Subsidiary                      98,638
       Milliken & Company                               86,152
       Northwest Geosynthetics                          85,000
       Spx Cooling Technologies                         84,983
       Industrial Fabrics                               65,000
       Modern Dispersions                               65,197
       US Concrete                                      64,230
       Electric Power Board                             58,860
       Mannington Carpets                               52,245
       Shaw Industries                                  38,642
       Others                                        8,487,421
         
     TOTAL SCHEDULED LIABILITIES                  $431,632,790
     =========================================================

                           About Propex

Headquartered in Chattanooga, Tennessee, Propex Inc. --
http://www.propexinc.com/-- produces geosynthetic, concrete,
furnishing, and industrial fabrics and fiber.  It is produces
primary and secondary carpet backing.  Propex operates in North
America, Europe, and Brazil.

The company and its debtor-affiliates filed for Chapter 11
protection on Jan. 18, 2008 (Bankr. E.D. Tenn. Case No. 08-10249).
The debtors' has selected Edward L. Ripley, Esq., Henry J. Kaim,
Esq., and Mark W. Wege, Esq. at King & Spalding, in Houston,
Texas, to represent them.  The Official Committee of Unsecured
Creditors is represented by Baker, Donelson, Bearman, Caldwell &
Berkowitz.  The Debtors' exclusive period to file a plan of
reorganization expires on May 17, 2008.  (Propex Bankruptcy News,
Issue No. 9; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


PROPEX INC: Propex Concrete Files Schedules of Assets and Debts
---------------------------------------------------------------
Propex Concrete Systems Corporation, debtor-affiliate of Propex
Inc., delivered to the U.S. Bankruptcy Court for the Eastern
District of Tennessee its schedules of assets and liabilities,
disclosing:

A.   Real Property                                  
        Chattanooga Facility                        $2,240,897

B.   Personal Property                             
B.1  Cash on hand                                            0
B.2  Financial Accounts                                      0
B.3  Security Deposits                                       
       World of Concrete 2008                           34,392
B.4  Household Goods and Furnishings                         0
B.5  Books, pictures and other art objects                   0
B.6  Wearing apparel                                         0
B.7  Furs and jewelry                                        0
B.8  Firearms, sports and other hobby equipment              0
B.9  Interests in insurance policies                         
        Ace - Lead $25 mm Umbrella                     170,480
        AIG - Workers' Compensation Liability           95,437
        Evanston - Product Liability                    86,130
        National Union-D&O Tail Insurance policy        25,652
        Eagle(AIG) - Commercial General Liability       22,344
        AIG - Automobile Liability                      10,585
        Ins Co of the State of PA-General Liability      6,813
        ACE-Marine Cargo                                 4,062
B.10 Annuities                                               0
B.11 Interests in education IRA                              0
B.12 Interest in pension, profit sharing plan                0
B.13 Stock & Interests                               
        100,000 shares of common stocks of Propex
        Concrete Systems Ltd., a wholly owned
        subsidiary of Propex Concrete Systems Corp.    Unknown     
B.14 Investments in subsidiaries & others                    0
B.15 Gov't. & corporate bonds, etc.                          0
B.16 Accounts Receivable
       See: http://bankrupt.com/misc/PropexConcreteB16.pdf
       Net trade accounts receivable as of 2/3/08    3,205,109
       Accounts receivable                            (236,250)
       Intercompany accounts receivable
         UK-affiliate                                  243,410
         Mexico-affiliate                              116,809
       Travel Advances as of 2/3/08                      4,300
B.17 Alimony & property settlements                          0
B.18 Liquidated debts owed to debtor                         0
B.19 Other equitable interests                               0
B.20 Investment in deferred compensation                     0
B.21 Derivative asset                                        0
B.22 Intellectual property                             Unknown     
B.23 Licenses & franchises                             Unknown       
B.24 Borrower & applicant list                               0
B.25 Vehicles & accessories                                  0
B.26 Boats, motors & accessories                             0
B.27 Aircraft & accessories                                  0
B.28 Office equipment, furnishings, supplies                 0
B.29 Machinery, supplies, equipment, supplies                
       Net book value as 2/3/08                      6,368,662
       See: http://bankrupt.com/misc/PropexConcreteB29.pdf    
B.30 Inventory                                               
       Chattanooga Facility                          1,762,805
       Dalton Distribution Center                    2,453,533
       Lakeland 1 Warehouse                          1,878,309
       Hazelhurst Plant                                566,579
       Third Party, FG Distribution                  2,344,956
       Servi-Logistics                                 173,074
       Dominion Warehousing                            156,131
       Common Difference Between Standard Cost
        and Actual Cost                                411,500
       Non plant-specific inventory                    420,775
       Inventory in Transit                            344,808
B.31 Animals                                                 0
B.32 Crops                                                   0
B.33 Farming equipment & implements                          0
B.34 Farm supplies, chemicals & feed                         0
B.35 Other personal property                         1,530,828
     See: http://bankrupt.com/misc/PropexConcreteB35.pdf   

     TOTAL SCHEDULED ASSETS                        $24,501,094        
     =========================================================

C.   Property Claimed as Exempt                           None

D.   Creditors Holding Secured Claims              
       BNP Paribas, as Administrative Agent       $224,351,467
       AFCO Premium Credit LLC                       2,851,939

E.   Creditors Holding Unsecured Priority Claims
       Ad-valorem tax
          Hamilton County Trustee                       92,230
          City of Chattanooga Treasurer                 66,035
          Hamilton County Trustee                        4,284
          City of Chattanooga Treasurer                  3,067
       Franchise/minimum tax
          Texas Comptroller                              6,354
          Ohio Dept of Taxation                          2,790
          Tennessee Dept of Revenue                      2,145
          New Jersey Dept of Revenue                     2,025
          Massachusetts Dept of Revenue                  1,141
          Delaware Secretary of State                      771
          Others                                           558

F.   Creditors Holding Unsecured Non-priority Claims
       Wells Fargo Bank, N.A., as Trustee          152,028,688
       Intercompany Note Payable to Propex, Inc.     2,798,150  
       Jacques Lambert                                  11,000
       Malcom C. Macdougall                              9,000
       Lafarge West, Inc.                                2,298
       3M                                                1,700
       Port Applegates, Inc.                               115

     TOTAL SCHEDULED LIABILITIES                  $382,235,759
     =========================================================

                           About Propex

Headquartered in Chattanooga, Tennessee, Propex Inc. --
http://www.propexinc.com/-- produces geosynthetic, concrete,
furnishing, and industrial fabrics and fiber.  It is produces
primary and secondary carpet backing.  Propex operates in North
America, Europe, and Brazil.

The company and its debtor-affiliates filed for Chapter 11
protection on Jan. 18, 2008 (Bankr. E.D. Tenn. Case No. 08-10249).
The debtors' has selected Edward L. Ripley, Esq., Henry J. Kaim,
Esq., and Mark W. Wege, Esq. at King & Spalding, in Houston,
Texas, to represent them.  The Official Committee of Unsecured
Creditors is represented by Baker, Donelson, Bearman, Caldwell &
Berkowitz.  The Debtors' exclusive period to file a plan of
reorganization expires on May 17, 2008.  (Propex Bankruptcy News,
Issue No. 9; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


PROPEX INC: Propex Fabrics I Files Schedules of Assets and Debts
----------------------------------------------------------------
Propex Fabrics International Holdings I, Inc., debtor-affiliate of
Propex Inc., delivered to the U.S. Bankruptcy Court for the
Eastern District of Tennessee its schedules of assets and
liabilities, disclosing:

A.   Real Property                                          $0

B.   Personal Property  
B.1  Cash on hand                                          600
B.2  Financial Accounts                                  7,014
B.3  Security Deposits                                       0
B.4  Household Goods and Furnishings                         0
B.5  Books, pictures and other art objects                   0
B.6  Wearing apparel                                         0
B.7  Furs and jewelry                                        0
B.8  Firearms, sports and other hobby equipment              0
B.9  Interests in insurance policies                         0
B.10 Annuities                                               0
B.11 Interests in education IRA                              0
B.12 Interest in pension, profit sharing plan                0
B.13 Stock & Interests                                 Unknown      
B.14 Investments in subsidiaries & others                    0
B.15 Gov't. & corporate bonds, etc.                          0
B.16 Accounts Receivable
       Intercompany accounts receivable due
        from Propex, Inc. as of 1/18/08             27,487,336
       Intercompany notes receivable due
        from Mexico affiliate as of 2/3/08           4,154,801
B.17 Alimony & property settlements                          0
B.18 Liquidated debts owed to debtor                         0
B.19 Other equitable interests                               0
B.20 Investment in deferred compensation                     0
B.21 Derivative asset                                        0
B.22 Intellectual property                                   0
B.23 Licenses & franchises                                   0
B.24 Borrower & applicant list                               0
B.25 Vehicles & accessories                                  0
B.26 Boats, motors & accessories                             0
B.27 Aircraft & accessories                                  0
B.28 Office equipment, furnishings, supplies                 0
B.29 Machinery, supplies, equipment, supplies                0
B.30 Inventory                                               0
B.31 Animals                                                 0
B.32 Crops                                                   0
B.33 Farming equipment & implements                          0
B.34 Farm supplies, chemicals & feed                         0
B.35 Other personal property                         

     TOTAL SCHEDULED ASSETS                        $31,649,152        
     =========================================================

C.   Property Claimed as Exempt                           None

D.   Creditors Holding Secured Claims              
       BNP Paribas, as Administrative Agent       $224,351,467

E.   Creditors Holding Unsecured Priority Claims             
       Delaware Secretary of State -- Franchise Tax          3
       Georgia Secretary of State -- Registration Tax        1

F.   Creditors Holding Unsecured Non-priority Claims
       Wells Fargo Bank, N.A., as Trustee          152,028,688
         
     TOTAL SCHEDULED LIABILITIES                  $376,380,159
     =========================================================

                           About Propex

Headquartered in Chattanooga, Tennessee, Propex Inc. --
http://www.propexinc.com/-- produces geosynthetic, concrete,
furnishing, and industrial fabrics and fiber.  It is produces
primary and secondary carpet backing.  Propex operates in North
America, Europe, and Brazil.

The company and its debtor-affiliates filed for Chapter 11
protection on Jan. 18, 2008 (Bankr. E.D. Tenn. Case No. 08-10249).
The debtors' has selected Edward L. Ripley, Esq., Henry J. Kaim,
Esq., and Mark W. Wege, Esq. at King & Spalding, in Houston,
Texas, to represent them.  The Official Committee of Unsecured
Creditors is represented by Baker, Donelson, Bearman, Caldwell &
Berkowitz.  The Debtors' exclusive period to file a plan of
reorganization expires on May 17, 2008.  (Propex Bankruptcy News,
Issue No. 9; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


PROPEX INC: Propex Fabrics II Files Schedules of Assets and Debts
-----------------------------------------------------------------
Propex Fabrics International Holdings II, Inc., debtor-affiliate
of Propex Inc., delivered to the U.S. Bankruptcy Court for the
Eastern District of Tennessee its schedules of assets and
liabilities, disclosing:

A.   Real Property                                          $0

B.   Personal Property  
B.1  Cash on hand                                            0
B.2  Financial Accounts                                      0
B.3  Security Deposits                                       0
B.4  Household Goods and Furnishings                         0
B.5  Books, pictures and other art objects                   0
B.6  Wearing apparel                                         0
B.7  Furs and jewelry                                        0
B.8  Firearms, sports and other hobby equipment              0
B.9  Interests in insurance policies                         0
B.10 Annuities                                               0
B.11 Interests in education IRA                              0
B.12 Interest in pension, profit sharing plan                0
B.13 Stock & Interests                                 Unknown      
B.14 Investments in subsidiaries & others                    0
B.15 Gov't. & corporate bonds, etc.                          0
B.16 Accounts Receivable                                     0
B.17 Alimony & property settlements                          0
B.18 Liquidated debts owed to debtor                         0
B.19 Other equitable interests                               0
B.20 Investment in deferred compensation                     0
B.21 Derivative asset                                        0
B.22 Intellectual property                                   0
B.23 Licenses & franchises                                   0
B.24 Borrower & applicant list                               0
B.25 Vehicles & accessories                                  0
B.26 Boats, motors & accessories                             0
B.27 Aircraft & accessories                                  0
B.28 Office equipment, furnishings, supplies                 0
B.29 Machinery, supplies, equipment, supplies                0
B.30 Inventory                                               0
B.31 Animals                                                 0
B.32 Crops                                                   0
B.33 Farming equipment & implements                          0
B.34 Farm supplies, chemicals & feed                         0
B.35 Other personal property                         

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

C.   Property Claimed as Exempt                           None

D.   Creditors Holding Secured Claims              
       BNP Paribas, as Administrative Agent       $224,351,467

E.   Creditors Holding Unsecured Priority Claims             
       Delaware Secretary of State -- Franchise Tax          3
       Georgia Secretary of State -- Registration Tax        1

F.   Creditors Holding Unsecured Non-priority Claims
       Wells Fargo Bank, N.A., as Trustee          152,028,688
         
     TOTAL SCHEDULED LIABILITIES                  $376,380,159
     =========================================================

                           About Propex

Headquartered in Chattanooga, Tennessee, Propex Inc. --
http://www.propexinc.com/-- produces geosynthetic, concrete,
furnishing, and industrial fabrics and fiber.  It is produces
primary and secondary carpet backing.  Propex operates in North
America, Europe, and Brazil.

The company and its debtor-affiliates filed for Chapter 11
protection on Jan. 18, 2008 (Bankr. E.D. Tenn. Case No. 08-10249).
The debtors' has selected Edward L. Ripley, Esq., Henry J. Kaim,
Esq., and Mark W. Wege, Esq. at King & Spalding, in Houston,
Texas, to represent them.  The Official Committee of Unsecured
Creditors is represented by Baker, Donelson, Bearman, Caldwell &
Berkowitz.  The Debtors' exclusive period to file a plan of
reorganization expires on May 17, 2008.  (Propex Bankruptcy News,
Issue No. 9; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


SIRVA INC: Allied Van Files Schedules of Assets and Debts
---------------------------------------------------------
Allied Van Lines Inc., debtor-affiliate of Sirva Inc., filed with
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                                           
B.2    Bank Accounts
          Cash                                          (236,116)
          Cash - Lock Boxes                              332,939
          Outstanding Checks                           1,583,040
B.3    Security Deposit
B.4    Household goods                                        
B.5    Book, artwork and collectibles                         
B.6    Wearing apparel                                        
B.7    Furs and jewelry                                       
B.8    Firearms and other equipment                           
B.9    Insurance Policies
          Illinois National Insurance Co.
             Directors & Officers Liability         undetermined
          U.S. Specialty Insurance Co.
             Directors & Officers Liability         undetermined
          Newmarket Underwriters Ins. Co.
             Directors & Officers Liability         undetermined
          Beazley (London)
             Directors & Officers Liability         undetermined
          Illinois National Insurance Co.
             Directors & Officers Liability         undetermined
             Fiduciary Liability                    undetermined
             Employment Practices Liability         undetermined
          National Union Fire insurance Co.
          of Pittsburgh,PA
             Blanket Crime                          undetermined
          Liberty Mutual Insurance Co.
             Workers Compensation and Employers
             Liability                              undetermined
          Transguard Insurance Co. of America
             Primary                                undetermined
             Auto / GL  Fleet                      undetermined
          Protective Insurance Co.
             Excess Auto / GL - Fleet and Corp.     undetermined
          Lexington Insurance Co.
             Umbrella                               undetermined
          RSUI Indemnity Co.
             Umbrella                               undetermined
          National Surety Corp.
             Umbrella                               undetermined
          Great American Ins. Co. of NY
             Umbrella                               undetermined
          Starr Excess Liability Ins. Co.
             Umbrella                               undetermined
          Underwriters at Lloyds
             Inland Cargo for USA / domestic        undetermined
          Travelers Property Casualty Co. of
          America
             Marine Cargo for Govt-Military
             program                                undetermined
          Vero Marine Insurance Ltd.
             Marine Cargo for international
             program                                undetermined
          Axis Reinsurance Co.
             Property                               undetermined
          Officers Life Insurance                        912,395
B.13   Stock and Interests                            24,721,619
B.14   Interests in partnerships & joint venture      (2,025,969)
B.15   Government and corporate bonds                         
B.16   Accounts Receivable
          Transguard Receivable                       11,758,087
          National Accounts                           17,700,342
          Accrued Domestic Agents                     14,885,699
          Others                                       7,598,189
B.21   Other Contingent and Unliquidated Claims    
          Allied v. Carolina/Wilkinson;
             05-CV-14459                            undetermined
          Allied v. Dunn Moving; 05-AR-265          undetermined
          Allied v. Hayden Bonded Storage
             Warehouse; 07022346(12)                undetermined
          Allied v. Jabour-Randolph Corporate
             Moving, Inc.; 07-C-2743                undetermined
          Allied v. M.M. Smith Warehouse;
             2007-AR-1297                           undetermined
B.22   Patents                                      undetermined
          See http://bankrupt.com/misc/AVLI_SAL_B22.pdf
B.23   Licenses, franchises & other intangibles
          Goodwill                                     3,640,371
          Accumulated Goodwill Amortization             (339,975)
          Trade Names                                 13,131,597
          Accumulated Trade Names Amortization        (2,131,467)
B.25   Vehicles
          Trailers                                     6,512,836
          Trailers Clearing                               28,762
          Trucks/Revenue Vehicles                         56,256
          Automobiles/Service Vehicles                    14,500
          Depreciation - Trailers                     (5,117,111)
          Depreciation - Trucks/Revenue Vehicles         (25,375)
          Depreciation - Automobiles/Service Vehicles    (14,500)
B.28   Office Equipment
          Furniture/Fixtures                           1,604,113
          Office Equipment/Other Assets                   86,502
          Communications Equipment                     1,135,741
          Computer Equipment                           3,936,005
          Software                                    17,235,611
          Depreciation - Furniture/Fixture              (511,536)
          Depreciation - Office Equipment/Other Assets   (78,196)
          Depreciation - Communications Equipment       (450,208)
          Depreciation - Computer Equipment           (2,338,263)
          Depreciation - Software                    (13,208,578)
B.29   Equipment and Supplies for Business
          Depreciation - Van Equipment Moving Pads
             & Blankets                                 (131,830)
          Van Equipment Moving Pads & Blankets           131,830
          Containers                                     281,756
          Satellite Equipment                            202,500
          Leasehold Improvement                        3,444,384
          Depreciation - Containers                     (264,756)
          Depreciation - Satellite Equipment            (202,500)
          Depreciation - Leasehold Improvement        (1,082,838)
B.30   Inventory
          Inventory - Shrinkage/Obsolescence            (548,811)
          Inventory - Agent O/O & Employee Sales       1,284,427
B.31   Animals                                                
B.32   Crops                                                  
B.33   Farming equipment and implements                       
B.34   Farm supplies, chemicals and feed                      
B.35   Other Personal Property
          Equipment for Resale - Tractors                170,977
          Equipment for Resale - Trailers/Trucks         888,436
          Prepaid Other Expense                          472,507
          Deferred Agent Conversion Costs                613,837
          Accrued Agent Conversion Costs                (226,966)

       TOTAL SCHEDULED ASSETS                       $105,430,264
       =========================================================

C.     Property Claimed as Exempt                             $0

D.     Creditors Holding Secured Claims
          Arrow Capital Corp., d/b/a Intermec Capital    122,904
          JPMorgan Chase Bank                        486,380,075

E.     Creditors Holding Unsecured Priority Claims             0

       *** In Allied Van Lines' summary of liabilities, Schedule
           E is reflected as $0.  However, the actual schedule
           reflects total unsecured priority claims aggregating
           ($9,221,152).

F.     Creditors Holding Unsecured Non-priority Claims
          Accounts Payable                             7,423,923
          Accrued Purchased Transportation Expenses   25,138,462
          Alliance Relocation Services                    95,802
          Allied International New York / New Jersey      87,557
          Cargo and Loss Claim Accrual                 8,439,494
          Dependable Auto Shipper Inc.                    55,496
          Plan B Inc                                     127,794
          Qualcomm Inc.                                   73,712
          Victory Packaging                               79,584
          Workflow One                                    53,874
          Others                                       3,501,449

       TOTAL SCHEDULED LIABILITIES                  $531,580,126
       =========================================================

                         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
$924,457,299 and total debts of $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 for April 18, 2008.  (Sirva Inc.
Bankruptcy News, Issue No. 11; Bankruptcy Creditors' Services Inc.
http://bankrupt.com/newsstand/or 215/945-7000).


SIRVA INC: North American Van Files Schedules of Assets and Debts
-----------------------------------------------------------------
North American Van Lines Inc., debtor-affiliate of Sirva Inc.,
filed with the U.S. Bankruptcy Court for the Southern District of
New York its schedules of assets and liabilities, disclosing:

A.    Real Property
        5001 US Hwy 30 W, Fort Wayne, Indiana        $12,400,000

B.    Personal Property
B.1   Cash on hand
        Petty Cash                                           950
B.2   Bank Accounts
        Cash - Concentration                          19,240,358
        Others                                        (3,484,155)

      *** North American Van Lines' bank accounts are in National
          City  Bank in Indianapolis, Indiana, and Harris Bank in     
          Chicago, Illinois.

B.3   Security Deposit
        No. 151400 Special Deposits                       84,257
B.13  Stock and Interests                            572,290,908
B.16  Accounts Receivable
        A/R National Accounts                         17,700,342
        A/R Accrued Domestic Agents                   14,885,699
        Others                                         6,809,613
B.18  Other Liquidated Debts Owing Debtor
        Federal Inc. Tax Recoverable                     281,799
B.21  Other Contingent and Unliquidated Claims      Undetermined
B.22  Patents                                       Undetermined
B.23  Licenses, franchises & other intangibles
        Goodwill                                       3,913,911
        Trade Names                                   19,131,597
        Others                                        (2,471,443)
B.25  Vehicles
        Trailers                                       3,071,556
        Trailers Clearing                                 (1,650)
        Trucks/Revenue Vehicles                          984,729
        Automobiles/Service Vehicles                      83,571
        Depr - Trailers                               (1,866,303)
        Depr - Trucks/Revenue Vehicles                  (691,143)
        Depr - Automobiles/Service Vehicles              (83,571)
B.28  Office Equipment
        Furniture/Fixtures                               626,103
        Office Equipment/Other Assets                     23,668
        Communications Equipment                         521,075
        Computer Equipment                             4,245,362
        Software                                      21,663,348
        Depr - Furniture/Fixtures                       (360,673)
        Depr - Office Equipment/Other Assets             (23,526)
        Depr - Communications Equipment                 (313,555)
        Depr - Computer Equipment                     (3,065,614)
        Depr - Software                              (14,284,041)
B.29  Equipment and Supplies for Business
        Van Equipment Moving Pads & Blankets           4,352,730
        Satellite Equipment                            1,395,390
        Warehouse Equipment                              285,920
        Leasehold Improvement                            176,100
        Other Equipment Clearing                       1,152,911
        Depr - Can Equip Moving Pads & Blankets       (3,843,366)
        Depr - Satellite Equipment                    (1,395,390)
        Depr - Warehouse Equipment                      (279,183)
        Depr - Leasehold Improvement                    (176,100)
B.35  Other Personal Property
        Prepaid Other Expense                          1,512,519
        Prepaid Systems Expense                        1,688,921
        Deferred Agent Conv Costs                      2,649,601
        Others                                           458,539

        TOTAL SCHEDULED ASSETS                      $680,021,764
        ========================================================

C.    Property Claimed as Exempt                              $0

D.    Creditors Holding Secured Claims
        JPMorgan Chase Bank                          486,380,075
        Others                                         1,715,064

E.    Creditors Holding Unsecured Priority Claims              0

      *** In North American Van's summary of liabilities,
          Schedule E is reflected as $0.  However, the actual
          schedule reflects unsecured priority claims aggregating
          ($40,468,712).
                
F.   Creditors Holding Unsecured Non-priority Claims
        Accounts Payable                               8,347,610
        Accrued General and Admin Expenses            13,680,109
        Accrued Purchased Transportation Expenses     13,735,043
        Other Long-Term and Lease Impairment Claims    5,536,184
        Others                                         8,339,227

        TOTAL SCHEDULED LIABILITIES                 $537,733,312
        ========================================================

                         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
$924,457,299 and total debts of $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 for April 18, 2008.  (Sirva Inc.
Bankruptcy News, Issue No. 11; Bankruptcy Creditors' Services Inc.
http://bankrupt.com/newsstand/or 215/945-7000).

                             *********

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

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

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

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

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

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

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

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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.

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

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

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