/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/080419.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 19, 2008, Vol. 12, No. 93 Headlines AEGIS MORTGAGE: Posts February 2008 Net Loss of $19,804,607 AMERICAN HOME: AHM CORP. Files Operating Report for January 2008 AMERICAN HOME: AHMAI Files Operating Report for January 2008 AMERICAN HOME: AHMHI Files Operating Report for January 2008 AMERICAN HOME: AHMIC Files Operating Report for January 2008 AMERICAN HOME: AHMSI Files Operating Report for January 2008 AMERICAN HOME: AHMV Files Operating Report for January 2008 AMERICAN HOME: Great Oak Files Operating Report for January 2008 AMERICAN HOME: Homegate Files Operating Report for January 2008 BOMBAY COMPANY: Earns $8,105,866 in November 2007 BOMBAY COMPANY: Posts $7,716,048 Net Loss in December 2007 BOMBAY COMPANY: Posts $8,378,316 Net Loss in January 2008 BUFFETS HOLDINGS: Has $3 Mil. Net Loss in Period Ended Feb 6 BUFFETS HOLDINGS: Has $12 Mil. Net Loss in Period Ended March 5 FEDERAL-MOGUL: Posts $6.0 Million Net Loss in January 2008 FEDERAL-MOGUL: Earns $4.4 Million in Month Ended Feb. 29, 2008 REUNION INDUSTRIES: Earns $86,000 in Month Ended February 29, 2008 SIRVA INC: Allied Int'l Files Schedules of Assets and Liabilities SIRVA INC: Exec. Relocation's Schedules of Assets and Liabilities SIRVA INC: Meridian Files Schedules of Assets and Liabilities SIRVA INC: Sirva Global Files Schedules of Assets and Liabilities SIRVA INC: Sirva Relocation's Schedules of Assets and Liabilities SIRVA INC: 18 Affiliates File Schedules of Assets and Liabilities SIRVA INC: 25 Affiliates File Schedules of Assets and Liabilities SIRVA INC: 8 Affiliates File Schedules of Assets and Liabilities ********* AEGIS MORTGAGE: Posts February 2008 Net Loss of $19,804,607 ----------------------------------------------------------- Aegis Mortgage Corporation, et al. Consolidated Balance Sheet As of February 29, 2008 Assets Unrestricted Cash & Equivalents $26,953,742 Restricted Cash and Equivalents 20,570,908 -------------- Total Cash and Cash Equivalents 47,524,650 Prime loans 284,091 Nonconforming Loans - Loan Premium (Discount), net 2,202,898 Repurchased Loans 65,004 Loan Loss Reserve - -------------- Mortgage Loans Held for Sale 2,551,994 ABS Nonconforming 3,302,535,329 ABS Loan Premium (Discount), net (19,089,357) ABS Loan Loss Reserve (193,984,862) -------------- Mortgage Loans Held for Investment 3,089,461,110 Accrued Interest - Loans Held for Sale - Accrued Int. - Loans Held for Investment 22,933,718 -------------- Accrued Interest Receivable 22,933,718 Mortgage Servicing Rights - Property and Equipment, net 893,931 Deferred Income Taxes 77,445,947 Goodwill - Prepaid Rent and Deposits 419,973 Derivative Assets (22,863,220) Receivable for Advances 40,751,343 Servicer Related 298,752 Other Assets 639,677,279 Intercompany Receivable 0 -------------- TOTAL ASSETS $3,899,095,475 ============== Liabilities & Shareholder's Equity N/P Warehouse - Prime $540,186,233 N/p Warehouse - Nonconforming 25,222,476 N/P Warehouse - Other 18,970,212 N/P Warehouse - Repurchased 11,933,754 -------------- Warehouse and Repurchase Facilities 596,312,674 Bonds Payable 3,203,600,518 NAS IO Bonds Payable 336,534 NIM Bonds Payable 52,989,614 Bond Premium (Discount), net 22,087,302 -------------- Bond Financing on Mortgage Loans Held for Investment 3,234,839,365 Subordinated Debt 177,156,872 Accrued Interest Payable 6,496,310 Accounts Payable and 77,101,850 Accrued Expenses Notes Payable-Other - -------------- Total Liabilities 4,091,907,070 Common Stock 97,386 Preferred Stock 104,000 Other Comprehensive Income - Paid in Capital 56,850,415 NR Related to Common Stock (5,890,925) Distributions 6,500 Treasury Stock - Dividends (45,500) Retained Earnings (215,592,329) Current Net Income Prepetition - Current Net Income (28,341,141) -------------- Total Equity (192,811,595) -------------- TOTAL LIABILITIES & EQUITY $3,899,095,475 ============== Aegis Mortgage Corporation, et al. Consolidated Income Statement February 1 to 29, 2008 Loans Held for Sale Interest Income $110,094 Interest Expense (1,172) Servicing Expense - -------------- Net Interest Income 108,922 Loans Held for Investment Interest Income 23,954,528 Interest Expense (12,858,560) Servicing Expense (1,431,614) -------------- Net Interest Income 9,664,354 Gains on Sale (5,423,492) Premiums Paid 31,424 Loan Points 35,216 Loan Origination Fees 21,110 Broker Fees Received - -------------- Production Income (5,335,742) Servicing and Prepayment Income 91,123 Late Charges - -------------- Total Servicing Fees 91,123 Other Income (Loss) (2,169,536) -------------- Total Revenue 2,359,121 Salaries 212,772 Bonuses - Commissions - Employee Benefits 3,353 Payroll Taxes 19,674 Meetings & Travel 20 Meals & Entertainment 841 -------------- Total Personnel Expenses 236,660 Rent 736,578 Telephone 10,455 Office Supplies (316) Shipping & Postage 740 Equipment 78,531 -------------- Total Office Expenses 825,988 Professional expense 1,193,358 Marketing - Loan Related Expenses 86,507 Banking 3,737 Other Taxes/Licenses/Fees 26,282 Other Expenses 91,777 -------------- Total Other Expenses 1,401,661 Direct Operating Expense 2,464,309 Direct Operating Income (105,188) Loan Loss Provision 19,489,670 Deferred SFAS 91 Expenses 49,700 Sub Debt Expense - Depreciation Expense 59,735 Amortization - Direct Allocation to Subs - Allocation Between Subs - -------------- Indirect Operating Expense 19,599,105 -------------- Total Expenses 22,063,415 Income (Loss) Before Taxes (19,704,294) Federal and State Income Taxes 100,313 -------------- Net Income (Loss) ($19,804,607) ============== Aegis Mortgage Corporation, et al. Receipts and Disbursements Month Ended February 29, 2008 Balance at Beginning of Period $27,866,508 RECEIPTS: Cash Sales 0 Accounts Receivable 792,510 Loans and Advances 291,804 Sale of Assets 763,780 Other Insurance Premiums 0 Transfers (from DIP Accounts) 0 Return of Investments Moulton Reinvestment 0 -------------- Total Receipts 1,848,094 DISBURSEMENTS: Net Payroll (160,511) Payroll Taxes (68,777) Sales, Use & Other Taxes (46,850) Inventory Purchases 0 Secured/Rental/Leases (678,535) Insurance--Health Benefits (5,709) Administrative (301,803) Selling 0 Other NSF's 0 Owner Draw 0 Transfers to DIP Accounts 0 Professional Fees (1,143,415) U.S. Trustee Quarterly Fees (500) Court Costs 0 -------------- Total Disbursements ($2,406,100) -------------- Net Cash Flow (558,006) -------------- Cash-End of Month $27,308,502 ============== Headquartered in Houston, Texas, Aegis Mortgage Corporation -- http://www.aegismtg.com/-- offers a variety of mortgage loan products to brokers through its subsidiaries. The company together with 10 affiliates filed for chapter 11 protection on Aug. 13, 2007 (Bankr. D. Del. Case No. 07-11119). Curtis A. Hehn, Esq., James E. O'Neill, Esq., Laura Davis Jones, Esq., and Timothy P. Cairns, Esq., at Pachulski, Stang, Ziehl, & Jones, L.L.P., serve as counsel to the Debtors. The Official Committee of Unsecured Creditors is represented by Landis Rath & Cobb LLP. In schedules filed with the Court, Aegis disclosed total assets of $138,265,342 and total debts of $4,125,470. (Aegis Bankruptcy News, Issue No. 20; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000). AMERICAN HOME: AHM CORP. Files Operating Report for January 2008 ---------------------------------------------------------------- American Home Mortgage Corp. Statement of Financial Condition As of January 31, 2008 Assets: Cash and cash equivalents $11,969,795 Restricted cash 11,161,134 Accounts receivable 41,558,619 Intercompany receivable 693,908,940 Mortgage loans 1,501,886,628 Derivative assets 743,601 Mortgage servicing rights 376,840,282 Other real estate, net 63,012,760 Premises and equipment, net 26,210,233 Investment in subsidiaries 73,449,092 Other assets 3,523,493 ------------ Total Assets $2,804,264,577 ============ Liabilities and Stockholders' Equity Liabilities: Warehouse lines of credit $1,540,495,738 Derivative liabilities 10,481,560 Accrued expenses & other liabilities 490,427,881 Intercompany payable 1,485,518,469 Notes payable 909,473 Income taxes payable 1,483,715 ------------ Total Liabilities 3,529,316,836 Stockholders' Equity Additional paid-in capital 153,195,272 Retained earnings (878,247,531) Other comprehensive loss - ------------ Total Stockholders' Equity (725,052,259) ------------ Total Liabilities & Stockholders' Equity $2,804,264,577 ============ American Home Mortgage Corp. Statement of Income Month Ended January 31, 2008 Net Interest Income: Interest income $9,514,721 Interest expense (5,608) ------------ Net interest income 9,509,113 Provision for loan losses - ------------ Net interest income after provision 9,509,113 for loan losses Non-Interest Income: Gain (loss) on mortgage loans 8,982,535 Loan servicing fees 11,881,516 Changes in fair value of MSR - Income (loss) from subsidiaries (1,383,795) Other non-interest income (loss) (8,964,666) ------------ Non-interest income 10,515,590 Expenses Salaries, commissions & benefits, net 4,543,486 Occupancy and equipment 2,041,792 Data processing and communications 184,054 Office supplies and expenses 107,104 Marketing and promotion (316) Travel and entertainment 2,000 Professional fees 6,330,930 Other real estate operating expense 6,070,065 Other 322,801 ------------ Total expenses 19,601,916 Income (Loss) before income taxes 422,787 Income taxes - ------------ Net loss [income] $422,787 ============ American Home Mortgage Corp. Schedule of Cash Receipts and Disbursements Month Ended January 31, 2008 Cash - Beginning of Month, 01/01/2008 $34,547,838 Receipts: Cash sales - Accounts receivable - Sale of assets - Loans and advances - Administrative 181,853 Net payroll - Other - Transfers (from DIP accounts) - ------------ Total Receipts 181,853 Disbursements: Net payroll 52,377 Payroll taxes - Sales, use & other taxes - Loans and advances 11,546,386 Inventory purchases - Secured/rental/leases - Insurance - Administrative - Selling - Other - Transfers (from DIP accounts) - Professional fees - U.S. Trustee quarterly fees - Court costs - ------------ Total Disbursements 11,598,763 ------------ Net Cash Flow (11,416,910) ------------ Cash - End of Month - 01/31/08 $23,130,928 ============ About American Home Based in Melville, New York, American Home Mortgage Investment Corp. (NYSE: AHM) -- http://www.americanhm.com/-- is a mortgage real estate investment trust engaged in the business of investing in mortgage-backed securities and mortgage loans resulting from the securitization of residential mortgage loans originated and serviced by its subsidiaries. American Home Mortgage and seven affiliates filed for chapter 11 protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047 through 07-11054). James L. Patton, Jr., Esq., Joel A. Waite, Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt & Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC acts as the Debtors' claims and noticing agent. The Official Committee of Unsecured Creditors selected Hahn & Hessen LLP as its counsel. As of March 31, 2007, American Home Mortgage's balance sheet showed total assets of $20,553,935,000, total liabilities of $19,330,191,000. The U.S. Bankruptcy Court for the District of Delaware extends 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. 33; Bankruptcy Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000). AMERICAN HOME: AHMAI Files Operating Report for January 2008 ------------------------------------------------------------ American Home Mortgage Acceptance, Inc. Statement of Financial Condition As of January 31, 2008 Assets: Cash and cash equivalents $226,077 Restricted cash - Accounts receivable 4,148,547 Intercompany receivable 517,059,825 Mortgage loans 326,880,989 Mortgage servicing rights 16,744,758 Other real estate, net 4,190,405 Investment in subsidiaries (25,658,139) Other assets 156,271 ------------ Total Assets $843,748,733 ============ Liabilities and Stockholders' Equity Liabilities: Warehouse lines of credit $362,119,024 Accrued expenses & other liabilities 18,011,882 Intercompany payable 676,426,366 ------------ Total Liabilities 1,056,557,272 Stockholders' Equity Additional paid-in capital 40,298,920 Retained earnings (253,107,459) ------------ Total Stockholders' Equity (212,808,539) ------------ Total Liabilities & Stockholders' Equity $843,748,733 ============ American Home Mortgage Acceptance, Inc. Statement of Income Month Ended January 31, 2008 Net Interest Income: Interest income $2,121,895 Interest expense - ------------ Net interest income 2,121,895 Provision for loan losses - ------------ Net interest income after provision 2,121,895 for loan losses Non-Interest Income: Gain (Loss) on mortgage loans 1,023,526 Gain on securities & derivatives - Loan servicing fees - Changes in fair value of MSR - Income (Loss) from subsidiaries (8,511) ------------ Non-interest income 1,015,015 Expenses Salaries, commissions & benefits, net 1,374,748 Office supplies and expenses (5,000) Marketing and promotion - Professional fees 7,500 Other real estate operating (income) expenses 214,646 Other - ------------ Total expenses 1,591,894 (Loss) Income before income taxes 1,545,016 Income taxes - ------------ Net income $1,545,016 ============ AHM Acceptance reported that its cash at the start of January was $244,011. Since it paid $17,935 for loans and advances, its cash decreased to $226,076 as of Jan. 31, 2008. About American Home Based in Melville, New York, American Home Mortgage Investment Corp. (NYSE: AHM) -- http://www.americanhm.com/-- is a mortgage real estate investment trust engaged in the business of investing in mortgage-backed securities and mortgage loans resulting from the securitization of residential mortgage loans originated and serviced by its subsidiaries. American Home Mortgage and seven affiliates filed for chapter 11 protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047 through 07-11054). James L. Patton, Jr., Esq., Joel A. Waite, Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt & Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC acts as the Debtors' claims and noticing agent. The Official Committee of Unsecured Creditors selected Hahn & Hessen LLP as its counsel. As of March 31, 2007, American Home Mortgage's balance sheet showed total assets of $20,553,935,000, total liabilities of $19,330,191,000. The U.S. Bankruptcy Court for the District of Delaware extends 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. 33; Bankruptcy Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000). AMERICAN HOME: AHMHI Files Operating Report for January 2008 ------------------------------------------------------------ American Home Mortgage Holdings, Inc. Statement of Financial Condition As of January 31, 2008 Assets: Cash and cash equivalents $1,000 Accounts receivable 134,546 Intercompany receivable 133,036,104 Investment in subsidiaries (533,165,956) Other assets - ------------ Total Assets ($399,994,306) ============ Liabilities and Stockholders' Equity Liabilities: Junior subordinated note $304,214,000 Accrued expenses & other liabilities 4,733,874 Intercompany payable 2 ------------ Total Liabilities 308,947,876 Stockholders' Equity Additional paid-in capital 94,597,810 Retained earnings (803,539,992) ------------ Total Stockholders' Equity (708,942,182) ------------ Total Liabilities & Stockholders' Equity ($399,994,306) ============ American Home Mortgage Holdings, Inc. Statement of Income Month Ended January 31, 2008 Non-interest income: Income (loss) from subsidiaries ($754,687) ------------ Non-interest income [loss] (754,687) ------------ Professional fees 2,493 ------------ Total Expenses 2,493 ------------ Income (Loss) before income taxes (757,180) Income taxes - ------------ Net loss ($757,180) ============ American Home Mortgage Holdings, Inc., also discloses that its cash as of January 1, 2008, was $1,000. Since there was no cash receipts and disbursements for January, AHM Holdings' cash at the end of the month is still $1,000. About American Home Based in Melville, New York, American Home Mortgage Investment Corp. (NYSE: AHM) -- http://www.americanhm.com/-- is a mortgage real estate investment trust engaged in the business of investing in mortgage-backed securities and mortgage loans resulting from the securitization of residential mortgage loans originated and serviced by its subsidiaries. American Home Mortgage and seven affiliates filed for chapter 11 protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047 through 07-11054). James L. Patton, Jr., Esq., Joel A. Waite, Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt & Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC acts as the Debtors' claims and noticing agent. The Official Committee of Unsecured Creditors selected Hahn & Hessen LLP as its counsel. As of March 31, 2007, American Home Mortgage's balance sheet showed total assets of $20,553,935,000, total liabilities of $19,330,191,000. The U.S. Bankruptcy Court for the District of Delaware extends 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. 33; Bankruptcy Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000). AMERICAN HOME: AHMIC Files Operating Report for January 2008 ------------------------------------------------------------ American Home Mortgage Investment Corp. Statement of Financial Condition As of January 31, 2008 Assets: Cash and cash equivalents $2,313,692 Restricted cash 150,799,967 Accounts receivable 3,700,171 Intercompany receivable 1,323,050,187 Securities 1,283,871,385 Derivative assets 5 Investment in subsidiaries (931,539,342) Other assets 5,938 ------------ Total Assets $1,832,202,003 ============ 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 871,609,383 Intercompany payable 574,439,603 ------------ Total Liabilities 2,193,568,778 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 (1,553,814,004) ------------ Total Stockholders' Equity (361,366,775) ------------ Total Liabilities & Stockholders' Equity $1,832,202,003 ============ American Home Mortgage Investment Corp. Statement of Income Month Ended January 31, 2008 Net Interest Income: Interest income Interest expense - ------------ Net interest income 0 Provision for loan losses - ------------ Net interest income after provision 0 for loan losses Non-Interest Income: Gain (loss) on mortgage loans ($2) Loss on securities and derivatives 3,616,470 Gain (loss) from Subsidiaries 787,836 Other non-interest income - ------------ Non-interest income 4,404,304 Other Data processing and communications 990 Professional fees 21,695 Other expenses - ------------ Total expenses 22,685 Loss before income taxes 4,381,619 Income taxes - ------------ Net Income $4,381,619 ============ American Home Mortgage Investment Corp. Schedule of Cash Receipts and Disbursements Month Ended January 31, 2008 Cash - Beginning of Month, 01/01/2008 $152,888,936 Receipts: Cash sales - Accounts receivable - Sale of assets - Loans and advances 14,475,350 Administrative - Net payroll - Other 381,449 Transfers (from DIP accounts) - ------------ Total Receipts 14,856,800 Disbursements: Net payroll 6,440,610 Payroll taxes - Sales, use & other taxes - Loans and advances - Inventory purchases - Secured/rental/leases - Insurance - Administrative 8,191,467 Selling - Other - Transfers (from DIP accounts) - Professional fees - U.S. Trustee quarterly fees - Court costs - ------------ Total Disbursements 14,632,077 ------------ Net Cash Flow 224,722 ------------ Cash - End of Month - 01/31/08 $153,113,658 ============ About American Home Based in Melville, New York, American Home Mortgage Investment Corp. (NYSE: AHM) -- http://www.americanhm.com/-- is a mortgage real estate investment trust engaged in the business of investing in mortgage-backed securities and mortgage loans resulting from the securitization of residential mortgage loans originated and serviced by its subsidiaries. American Home Mortgage and seven affiliates filed for chapter 11 protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047 through 07-11054). James L. Patton, Jr., Esq., Joel A. Waite, Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt & Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC acts as the Debtors' claims and noticing agent. The Official Committee of Unsecured Creditors selected Hahn & Hessen LLP as its counsel. As of March 31, 2007, American Home Mortgage's balance sheet showed total assets of $20,553,935,000, total liabilities of $19,330,191,000. The U.S. Bankruptcy Court for the District of Delaware extends 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. 33; Bankruptcy Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000). AMERICAN HOME: AHMSI Files Operating Report for January 2008 ------------------------------------------------------------ American Home Mortgage Servicing, Inc. Statement of Financial Condition As of January 31, 2008 Assets: Cash and cash equivalents $76,853,882 Restricted cash 5,384,958 Securities purchased under agreements - Accounts receivable & servicing advances 206,218,081 Intercompany receivable 158,466,909 Premises and equipment, net 2,521,818 Investment in subsidiaries 8,767,000 Other assets 788,198 ------------ Total Assets $459,000,846 ============ Liabilities and Stockholders' Equity Liabilities: Warehouse lines of credit - Accrued expenses & other liabilities $220,452,473 Intercompany payable 131,045,240 Income taxes payable 1,791,454 ------------ Total Liabilities 353,289,167 Stockholders' Equity Additional paid-in capital 37,000,200 Retained earnings 68,711,479 ------------ Total Stockholders' Equity 105,711,679 ------------ Total Liabilities & Stockholders' Equity $459,000,846 ============ American Home Mortgage Servicing, Inc. Statement of Income Month Ended January 31, 2008 Net interest income: Interest income - Interest expense - Provision for loan losses - ------------ Net interest income after losses - Non-Interest Income: (Loss) Gain on mortgage loans (294,868) Loan servicing fees - Gain on sale of servicing platform - Other non-interest income (loss) (804,108) ------------ Non-interest income [loss] (1,098,976) Expenses Salaries, commissions & benefits, net 2,055,255 Occupancy and equipment 136,462 Data processing and communications 95,030 Office supplies and expenses 111,298 Marketing and promotion - Travel and entertainment 5,321 Professional fees (86,260) Other real estate operating expense - Other (2,336,886) ------------ Total expenses (19,780) Income (Loss) before income taxes (1,079,196) Income taxes - ------------ Net income (loss) ($1,079,196) ============ American Home Mortgage Servicing, Inc. Schedule of Cash Receipts and Disbursements Month Ended January 31, 2008 Cash - Beginning of Month, 01/01/2008 $128,675,165 Receipts: Cash sales - Accounts receivable - Sale of assets - Loans and advances - Administrative - Net payroll - Other - Transfers (from DIP accounts) - ------------ Total Receipts 0 Disbursements: Loans and advances 46,318,167 Administrative 118,158 ------------ Total Disbursements 46,436,325 ------------ Net Cash Flow (46,436,325) ------------ Cash - End of Month - 01/31/08 $82,238,840 ============ About American Home Based in Melville, New York, American Home Mortgage Investment Corp. (NYSE: AHM) -- http://www.americanhm.com/-- is a mortgage real estate investment trust engaged in the business of investing in mortgage-backed securities and mortgage loans resulting from the securitization of residential mortgage loans originated and serviced by its subsidiaries. American Home Mortgage and seven affiliates filed for chapter 11 protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047 through 07-11054). James L. Patton, Jr., Esq., Joel A. Waite, Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt & Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC acts as the Debtors' claims and noticing agent. The Official Committee of Unsecured Creditors selected Hahn & Hessen LLP as its counsel. As of March 31, 2007, American Home Mortgage's balance sheet showed total assets of $20,553,935,000, total liabilities of $19,330,191,000. The U.S. Bankruptcy Court for the District of Delaware extends 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. 33; Bankruptcy Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000). AMERICAN HOME: AHMV Files Operating Report for January 2008 ----------------------------------------------------------- American Home Mortgage Ventures, LLC Statement of Financial Condition As of January 31, 2008 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 157,007 ------------ Total Liabilities 156,439 Stockholders' Equity Additional paid-in capital 395,500 Retained earnings 63,310 ------------ Total Stockholders' Equity 458,810 ------------ Total Liabilities & Stockholders' Equity $615,249 ============ American Home Mortgage Ventures, LLC Statement of Income Month Ended January 31, 2008 Net Interest Income: Fee income - ------------ Non-interest income 0 Expenses Professional fees $500 ------------ Total expenses 500 Loss before income taxes (500) Income taxes - ------------ Net loss ($500) ============ American Home Mortgage Ventures, LLC, also discloses that its cash as of January 1, 2008, was $613,049. Since there was no cash receipts and disbursements for January, 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. As of March 31, 2007, American Home Mortgage's balance sheet showed total assets of $20,553,935,000, total liabilities of $19,330,191,000. The U.S. Bankruptcy Court for the District of Delaware extends 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. 33; Bankruptcy Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000). AMERICAN HOME: Great Oak Files Operating Report for January 2008 ---------------------------------------------------------------- Great Oak Abstract Corp. Statement of Financial Condition As of January 31, 2008 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 January was $287,809. Since there was no transaction for the whole month, its cash is still $287,809 as of Jan. 31, 2008. About American Home Based in Melville, New York, American Home Mortgage Investment Corp. (NYSE: AHM) -- http://www.americanhm.com/-- is a mortgage real estate investment trust engaged in the business of investing in mortgage-backed securities and mortgage loans resulting from the securitization of residential mortgage loans originated and serviced by its subsidiaries. American Home Mortgage and seven affiliates filed for chapter 11 protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047 through 07-11054). James L. Patton, Jr., Esq., Joel A. Waite, Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt & Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC acts as the Debtors' claims and noticing agent. The Official Committee of Unsecured Creditors selected Hahn & Hessen LLP as its counsel. As of March 31, 2007, American Home Mortgage's balance sheet showed total assets of $20,553,935,000, total liabilities of $19,330,191,000. The U.S. Bankruptcy Court for the District of Delaware extends 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. 33; Bankruptcy Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000). AMERICAN HOME: Homegate Files Operating Report for January 2008 --------------------------------------------------------------- Homegate Settlement Services, Inc. Statement of Financial Condition As of January 31, 2008 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 9,052,051 Income taxes payable 3,671 ------------ Total Liabilities 11,608,611 Stockholders' Equity Additional paid-in capital 250,000 Retained earnings (11,390,297) ------------ Total Stockholders' Equity (11,140,297) ------------ Total Liabilities & Stockholders' Equity $468,314 ============ Homegate Settlement Services, Inc. Statement of Income Month Ended January 31, 2008 Non-interest income: Tax service income (fees) - ------------ Non-interest income 0 Expenses: Professional fees $500 ------------ Total expenses 500 Income (Loss) before income taxes (500) Income taxes - ------------ Net loss ($500) ============ Homegate Settlement Services, Inc., also discloses that its cash as of January 1, 2008, was $234,599. Since there was no cash receipts and disbursements for January, 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. As of March 31, 2007, American Home Mortgage's balance sheet showed total assets of $20,553,935,000, total liabilities of $19,330,191,000. The U.S. Bankruptcy Court for the District of Delaware extends 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. 33; Bankruptcy Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000). BOMBAY COMPANY: Earns $8,105,866 in November 2007 ------------------------------------------------- For the month November 2007, The Bombay Company Inc. and its debtor-affiliates generated net revenues of $60,967,478 and had a net income of $8,105,866. Cash at the beginning of the month of November 2007 was $3,768,145. Total cash receipts for the month were $33,638,724. Total disbursements for the month were $24,777,549, and cash at the end of the month of $12,629,320 for November 2007. The Debtors' balance sheet as of Nov. 30, 2007, showed total assets of $170,396,226, total postpetition liabilities of $85,645,176, total prepetition liabilities of $67,367,346, and total equity of $17,383,704. A full-text copy of the company's November 2007 monthly operating report is available for free at: http://ResearchArchives.com/t/s?2ad0 About Bombay Company Based in Fort Worth, Texas, The Bombay Company Inc., (OTC Bulletin Board: BBAO) -- http://www.bombaycompany.com/-- designs, sources and markets a unique line of home accessories, wall d,cor and furniture through 384 retail outlets and the Internet in the U.S. and internationally, including Cayman Islands. The company and five of its debtor-affiliates filed for Chapter 11 protection on Sept. 20, 2007 (Bankr. N.D. Tex. Lead Case No. 07-44084). Robert D. Albergotti, Esq., John D. Penn, Esq., Ian T. Peck, Esq., and Jason B. Binford, Esq., at Haynes and Boone, LLP, represent the Debtors. Attorneys at Cooley, Godward, Kronish LLP act as counsel for the Official Committee of Unsecured Creditors. Forshey & Prostok LLP is the Committee's local counsel. BOMBAY COMPANY: Posts $7,716,048 Net Loss in December 2007 ---------------------------------------------------------- For the month December 2007, The Bombay Company Inc. and its debtor-affiliates generated net revenues of $83,687,904 and had a net loss of $7,716,048. Cash at the beginning of the month of December 2007 was $12,629,320. Total cash receipts for the month were $25,681,074. Total disbursements for the month were $27,767,176, and cash at the end of the month of $10,543,219 for December 2007. The Debtors' balance sheet as of Dec. 31, 2007, showed total assets of $111,411,604, total postpetition liabilities of $34,425,997, total prepetition liabilities of $67,325,321, and total equity of $9,660,286. A full-text copy of the company's December 2007 monthly operating report is available for free at: http://ResearchArchives.com/t/s?2ad2 About Bombay Company Based in Fort Worth, Texas, The Bombay Company Inc., (OTC Bulletin Board: BBAO) -- http://www.bombaycompany.com/-- designs, sources and markets a unique line of home accessories, wall d,cor and furniture through 384 retail outlets and the Internet in the U.S. and internationally, including Cayman Islands. The company and five of its debtor-affiliates filed for Chapter 11 protection on Sept. 20, 2007 (Bankr. N.D. Tex. Lead Case No. 07-44084). Robert D. Albergotti, Esq., John D. Penn, Esq., Ian T. Peck, Esq., and Jason B. Binford, Esq., at Haynes and Boone, LLP, represent the Debtors. Attorneys at Cooley, Godward, Kronish LLP act as counsel for the Official Committee of Unsecured Creditors. Forshey & Prostok LLP is the Committee's local counsel. BOMBAY COMPANY: Posts $8,378,316 Net Loss in January 2008 --------------------------------------------------------- For the month January 2008, The Bombay Company Inc. and its debtor-affiliates generated net revenues of $14,128,010 and had a net loss of $8,378,316. Cash at the beginning of the month of January 2008 was $10,543,219. Total cash receipts for the month were $9,771,463. Total disbursements for the month were $16,119,191, and cash at the end of the month of $4,195,490 for January 2008. The Debtors' balance sheet as of Jan. 31, 2008, showed total assets of $39,939,527, total postpetition liabilities of $10,576,883, total prepetition liabilities of $28,350,674, and total equity of $1,011,970. A full-text copy of the company's January 2008 monthly operating report is available for free at: http://ResearchArchives.com/t/s?2ad2 About Bombay Company Based in Fort Worth, Texas, The Bombay Company Inc., (OTC Bulletin Board: BBAO) -- http://www.bombaycompany.com/-- designs, sources and markets a unique line of home accessories, wall d,cor and furniture through 384 retail outlets and the Internet in the U.S. and internationally, including Cayman Islands. The company and five of its debtor-affiliates filed for Chapter 11 protection on Sept. 20, 2007 (Bankr. N.D. Tex. Lead Case No. 07-44084). Robert D. Albergotti, Esq., John D. Penn, Esq., Ian T. Peck, Esq., and Jason B. Binford, Esq., at Haynes and Boone, LLP, represent the Debtors. Attorneys at Cooley, Godward, Kronish LLP act as counsel for the Official Committee of Unsecured Creditors. Forshey & Prostok LLP is the Committee's local counsel. BUFFETS HOLDINGS: Has $3 Mil. Net Loss in Period Ended Feb 6 ------------------------------------------------------------ Buffets Holdings Inc., filed with the Court its monthly operating report for the month ended Feb. 6, 2008. According to the report, which contains illegible amounts, Buffets incurred a net loss of more than $3,000,000 for the period January 22 to Feb. 6, 2008. A full-text free copy of the monthly operating report is available for free at http://bankrupt.com/misc/January08MOR.pdf Headquartered in Eagan, Minnesota, Buffets Holdings Inc. -- http://www.buffet.com/-- is the parent company of Buffets Inc., which operates 626 restaurants in 39 states, comprised of 615 steak-buffet restaurants and eleven Tahoe Joe's Famous Steakhouse restaurants, and franchises sixteen steak-buffet restaurants in six states. The restaurants are principally operated under the Old Country Buffet, HomeTown Buffet, Ryan's and Fire Mountain brands. Buffets, Inc. employs approximately 37,000 team members and serves approximately 200 million customers annually. The company and all of its subsidiaries filed Chapter 11 protection on Jan. 22, 2008 (Bankr. D. Del. Case Nos. 08-10141 to 08-10158). Joseph M. Barry, Esq., and Pauline K. Morgan, Esq., at Young Conaway Stargatt & Taylor LLP, represent the Debtors in their restructuring efforts. The Debtors selected Epiq Bankruptcy Solutions LLC as claims and balloting agent. The U.S Trustee for Region 3 appointed seven creditors to serve on an Official Committee of Unsecured Creditors. The Committee selected Otterbourg Steindler Houston & Rosen PC as counsel. The Debtors' balance sheet as of Sept. 19, 2007, showed total assets of $963,538,000 and total liabilities of $1,156,262,000. As reported in the Troubled Company Reporter on Feb. 26, 2008, the Court granted on February 22, 2008, final approval of the Debtors' debtor-in-possession credit facility, consisting of $85 million of new funding and $200 million carried over from the company's prepetition credit facility. The Debtors have until May 21, 2008, to file a plan. (Buffets Holdings Bankruptcy News, Issue No. 12; Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/or 215/945-7000). BUFFETS HOLDINGS: Has $12 Mil. Net Loss in Period Ended March 5 --------------------------------------------------------------- Buffets Holdings, Inc., filed with the Court its monthly operating report for the month ended March 5, 2008. According to the report, which contains illegible amounts, Buffets incurred a net loss of more than $12,000,000 for the period February 7 to March 5, 2008. A full-text free copy of the monthly operating report is available for free at http://bankrupt.com/misc/Feb08MOR.pdf Headquartered in Eagan, Minnesota, Buffets Holdings Inc. -- http://www.buffet.com/-- is the parent company of Buffets Inc., which operates 626 restaurants in 39 states, comprised of 615 steak-buffet restaurants and eleven Tahoe Joe's Famous Steakhouse restaurants, and franchises sixteen steak-buffet restaurants in six states. The restaurants are principally operated under the Old Country Buffet, HomeTown Buffet, Ryan's and Fire Mountain brands. Buffets, Inc. employs approximately 37,000 team members and serves approximately 200 million customers annually. The company and all of its subsidiaries filed Chapter 11 protection on Jan. 22, 2008 (Bankr. D. Del. Case Nos. 08-10141 to 08-10158). Joseph M. Barry, Esq., and Pauline K. Morgan, Esq., at Young Conaway Stargatt & Taylor LLP, represent the Debtors in their restructuring efforts. The Debtors selected Epiq Bankruptcy Solutions LLC as claims and balloting agent. The U.S Trustee for Region 3 appointed seven creditors to serve on an Official Committee of Unsecured Creditors. The Committee selected Otterbourg Steindler Houston & Rosen PC as counsel. The Debtors' balance sheet as of Sept. 19, 2007, showed total assets of $963,538,000 and total liabilities of $1,156,262,000. As reported in the Troubled Company Reporter on Feb. 26, 2008, the Court granted on February 22, 2008, final approval of the Debtors' debtor-in-possession credit facility, consisting of $85 million of new funding and $200 million carried over from the company's prepetition credit facility. The Debtors have until May 21, 2008, to file a plan. (Buffets Holdings Bankruptcy News, Issue No. 12; Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/or 215/945-7000). FEDERAL-MOGUL: Posts $6.0 Million Net Loss in January 2008 ---------------------------------------------------------- Federal-Mogul Global, Inc., et al. Unaudited Balance Sheet As of January 31, 2008 (In millions) Assets Cash and equivalents $410.3 Accounts receivable 564.7 Inventories 407.6 Deferred taxes 268.0 Prepaid expenses and other current assets 162.8 -------- Total current assets 1,813.4 Summary of Unpaid Postpetition Debits 54.9 Intercompany Loans Receivable (Payable) 1,621.7 -------- Intercompany Balances 1,676.6 Property, plant and equipment 707.4 Goodwill 922.6 Other intangible assets 314.9 Insurance recoverable 869.0 Other non-current assets 1,130.3 -------- Total Assets $7,434.2 ======== Liabilities and Shareholders' Equity Short-term debt - Accounts payable $242.6 Accrued compensation 67.6 Restructuring and rationalization reserves 6.6 Current portion of asbestos liability - Interest payable 14.9 Other accrued liabilities 978.4 -------- Total current liabilities 1,310.1 Long-term debt 2,960.0 Post-employment benefits 571.4 Other accrued liabilities 587.2 Liabilities subject to compromise 3,821.0 Shareholders' equity: Preferred stock 1,050.6 Common stock 662.1 Additional paid-in capital 7,970.9 Accumulated deficit (11,687.4) Accumulated other comprehensive income 188.4 Other - -------- Total Shareholders' Equity (1,815.4) -------- Total Liabilities and Shareholders' Equity $7,434.2 ======== Federal-Mogul Global, Inc., et al. Unaudited Statement of Operations For the Month Ended January 31, 2008 (In millions) Net sales $241.6 Cost of products sold 204.6 -------- Gross margin 37.0 Selling, general & administrative expenses (42.1) Amortization (0.9) Reorganization items (3.7) Interest income (expense), net (15.1) Other income (expense), net 19.2 -------- Earnings before Income Taxes (5.6) Income Tax (Expense) Benefit (0.4) -------- Earnings before cumulative effect of change in accounting principle (6.0) Cumulative effect of change in acctg. principle - -------- Net Earnings (loss) ($6.0) ======== Federal-Mogul Global, Inc., et al. Unaudited Statement of Cash Flows For the Month Ended January 31, 2008 (In millions) Cash Provided From (Used By) Operating Activities: Net earning (loss) ($6.0) Adjustments to reconcile net earnings (loss) to net cash: Depreciation and amortization 11.7 Adjustment of assets held for sale and other long-lived assets to fair value - Asbestos charge - Summary of unpaid postpetition debits - Cumulative effect of change in acctg. principle - Change in post-employment benefits (1.3) Decrease (increase) in accounts receivable (5.8) Decrease (increase) in inventories (27.2) Increase (decrease) in accounts payable (12.4) Change in other assets & other liabilities 52.8 Change in restructuring charge - Refunds (payments) against asbestos liability - -------- Net Cash Provided From Operating Activities 11.7 Cash Provided From (Used By) Investing Activities: Expenditures for property, plant & equipment (6.7) Proceeds from sale of property, plant & equipment - Proceeds from sale of businesses - Business acquisitions, net of cash acquired - Other - -------- Net Cash Provided From (Used By) Investing Activities (6.7) Cash Provided From (Used By) Financing Activities: Increase (decrease) in debt 293.2 Sale of accounts receivable under securitization - Dividends - Other (0.2) -------- Net Cash Provided From Financing Activities 293.0 Increase (Decrease) in Cash and Equivalents 298.0 Cash and equivalents at beginning of period 112.3 -------- Cash and equivalents at end of period $410.3 ======== Federal-Mogul Corporation -- http://www.federal-mogul.com/-- (OTCBB: FDMLQ) is a global supplier, serving the world's foremost original equipment manufacturers of automotive, light commercial, heavy-duty, agricultural, marine, rail, off-road and industrial vehicles, as well as the worldwide aftermarket. Founded in Detroit in 1899, the company is headquartered in Southfield, Michigan, and employs 45,000 people in 35 countries. Aside from the U.S., Federal-Mogul also has operations in other locations which includes, among others, Mexico, Malaysia, Australia, China, India, Japan, Korea, and Thailand. The Company filed for chapter 11 protection on Oct. 1, 2001 (Bankr. Del. Case No. 01-10582). Lawrence J. Nyhan Esq., James F. Conlan Esq., and Kevin T. Lantry Esq., at Sidley Austin Brown & Wood, and Laura Davis Jones Esq., at Pachulski, Stang, Ziehl & Jones, P.C., represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $10.15 billion in assets and $8.86 billion in liabilities. Federal-Mogul Corp.'s U.K. affiliate, Turner & Newall, is based at Dudley Hill, Bradford. Peter D. Wolfson, Esq., at Sonnenschein Nath & Rosenthal; and Charlene D. Davis, Esq., Ashley B. Stitzer, Esq., and Eric M. Sutty, Esq., at The Bayard Firm represent the Official Committee of Unsecured Creditors. On March 7, 2003, the Debtors filed their Joint Chapter 11 Plan. They submitted a Disclosure Statement explaining that plan on April 21, 2003. They submitted several amendments and on June 6, 2004, the Bankruptcy Court approved the Third Amended Disclosure Statement for their Third Amended Plan. On July 28, 2004, the District Court approved the Disclosure Statement. The estimation hearing began on June 14, 2005. The Debtors submitted a Fourth Amended Plan and Disclosure Statement on Nov. 21, 2006, and the Bankruptcy Court approved that Disclosure Statement on Feb. 6, 2007. The Fourth Amended Plan was confirmed by the Bankruptcy Court on Nov. 8, 2007, and affirmed by the District Court on Nov. 14. Federal-Mogul emerged from Chapter 11 on December 27, 2007. (Federal-Mogul Bankruptcy News, Issue No. 166; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000). * * * As reported in the Troubled Company Reporter on Jan. 10, 2008, Moody's Investors Service confirmed the ratings of the reorganized Federal-Mogul Corporation -- Corporate Family Rating, Ba3; Probability of Default Rating, Ba3; and senior secured bank credit facilities, Ba2. The outlook is stable. The financing for the company's emergence from Chapter 11 bankruptcy protection has been funded in line with the structure originally rated by Moody's in a press release dated Nov. 28, 2007. As reported in the Troubled Company Reporter on Jan. 7, 2008, Standard & Poor's Ratings Services assigned its 'BB-' corporate credit rating to Southfield, Michigan-based Federal-Mogul Corp. following the company's emergence from Chapter 11 on Dec. 27, 2007. The outlook is stable. FEDERAL-MOGUL: Earns $4.4 Million in Month Ended Feb. 29, 2008 -------------------------------------------------------------- Federal-Mogul Global, Inc., et al. Unaudited Balance Sheet As of February 29, 2008 (In millions) Assets Cash and equivalents $552.1 Accounts receivable 590.4 Inventories 396.7 Deferred taxes 268.0 Prepaid expenses and other current assets (28.1) -------- Total current assets 1,779.1 Summary of Unpaid Postpetition Debits 71.4 Intercompany Loans Receivable (Payable) 1,916.0 -------- Intercompany Balances 1,987.3 Property, plant and equipment 704.0 Goodwill - Other intangible assets 1.3 Insurance recoverable 869.8 Other non-current assets 1,119.6 -------- Total Assets $6,461.2 ======== Liabilities and Shareholders' Equity Short-term debt - Accounts payable $246.2 Accrued compensation 74.2 Restructuring and rationalization reserves 5.4 Current portion of asbestos liability - Interest payable 6.6 Other accrued liabilities 981.0 -------- Total current liabilities 1,313.3 Long-term debt 2,960.0 Post-employment benefits 571.4 Other accrued liabilities 588.3 Liabilities subject to compromise 3,821.1 Shareholders' equity: Preferred stock 1,050.6 Common stock 662.1 Additional paid-in capital 7,989.0 Accumulated deficit (12,693.4) Accumulated other comprehensive income 198.8 Other - -------- Total Shareholders' Equity (2,792.8) -------- Total Liabilities and Shareholders' Equity $6,461.2 ======== Federal-Mogul Global, Inc., et al. Unaudited Statement of Operations For the Month Ended February 29, 2008 (In millions) Net sales $271.6 Cost of products sold 224.2 -------- Gross margin 47.4 Selling, general & administrative expenses (38.4) Amortization 0.5 Reorganization items (4.2) Interest income (expense), net (12.7) Other income (expense), net 12.3 -------- Earnings before Income Taxes 4.8 Income Tax (Expense) Benefit (0.4) -------- Earnings before cumulative effect of change in accounting principle 4.4 Cumulative effect of change in acctg. principle - -------- Net Earnings (loss) $4.4 ======== Federal-Mogul Global, Inc., et al. Unaudited Statement of Cash Flows For the Month Ended February 29, 2008 (In millions) Cash Provided From (Used By) Operating Activities: Net earning (loss) $4.4 Adjustments to reconcile net earnings (loss) to net cash: Depreciation and amortization 10.3 Adjustment of assets held for sale and other long-lived assets to fair value - Asbestos charge - Summary of unpaid postpetition debits - Cumulative effect of change in acctg. principle - Change in post-employment benefits - Decrease (increase) in accounts receivable (25.5) Decrease (increase) in inventories 10.9 Increase (decrease) in accounts payable 3.4 Change in other assets & other liabilities 145.4 Change in restructuring charge - Refunds (payments) against asbestos liability - -------- Net Cash Provided From Operating Activities 149.0 Cash Provided From (Used By) Investing Activities: Expenditures for property, plant & equipment (5.5) Proceeds from sale of property, plant & equipment - Proceeds from sale of businesses - Business acquisitions, net of cash acquired - Other - -------- Net Cash Provided From (Used By) Investing Activities (5.5) Cash Provided From (Used By) Financing Activities: Increase (decrease) in debt (1.8) Sale of accounts receivable under securitization - Dividends - Other - -------- Net Cash Provided From Financing Activities (1.8) Increase (Decrease) in Cash and Equivalents 141.8 Cash and equivalents at beginning of period 410.4 -------- Cash and equivalents at end of period $552.1 ======== Federal-Mogul Corporation -- http://www.federal-mogul.com/-- (OTCBB: FDMLQ) is a global supplier, serving the world's foremost original equipment manufacturers of automotive, light commercial, heavy-duty, agricultural, marine, rail, off-road and industrial vehicles, as well as the worldwide aftermarket. Founded in Detroit in 1899, the company is headquartered in Southfield, Michigan, and employs 45,000 people in 35 countries. Aside from the U.S., Federal-Mogul also has operations in other locations which includes, among others, Mexico, Malaysia, Australia, China, India, Japan, Korea, and Thailand. The Company filed for chapter 11 protection on Oct. 1, 2001 (Bankr. Del. Case No. 01-10582). Lawrence J. Nyhan Esq., James F. Conlan Esq., and Kevin T. Lantry Esq., at Sidley Austin Brown & Wood, and Laura Davis Jones Esq., at Pachulski, Stang, Ziehl & Jones, P.C., represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $10.15 billion in assets and $8.86 billion in liabilities. Federal-Mogul Corp.'s U.K. affiliate, Turner & Newall, is based at Dudley Hill, Bradford. Peter D. Wolfson, Esq., at Sonnenschein Nath & Rosenthal; and Charlene D. Davis, Esq., Ashley B. Stitzer, Esq., and Eric M. Sutty, Esq., at The Bayard Firm represent the Official Committee of Unsecured Creditors. On March 7, 2003, the Debtors filed their Joint Chapter 11 Plan. They submitted a Disclosure Statement explaining that plan on April 21, 2003. They submitted several amendments and on June 6, 2004, the Bankruptcy Court approved the Third Amended Disclosure Statement for their Third Amended Plan. On July 28, 2004, the District Court approved the Disclosure Statement. The estimation hearing began on June 14, 2005. The Debtors submitted a Fourth Amended Plan and Disclosure Statement on Nov. 21, 2006, and the Bankruptcy Court approved that Disclosure Statement on Feb. 6, 2007. The Fourth Amended Plan was confirmed by the Bankruptcy Court on Nov. 8, 2007, and affirmed by the District Court on Nov. 14. Federal-Mogul emerged from Chapter 11 on December 27, 2007. (Federal-Mogul Bankruptcy News, Issue No. 166; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000). * * * As reported in the Troubled Company Reporter on Jan. 10, 2008, Moody's Investors Service confirmed the ratings of the reorganized Federal-Mogul Corporation -- Corporate Family Rating, Ba3; Probability of Default Rating, Ba3; and senior secured bank credit facilities, Ba2. The outlook is stable. The financing for the company's emergence from Chapter 11 bankruptcy protection has been funded in line with the structure originally rated by Moody's in a press release dated Nov. 28, 2007. As reported in the Troubled Company Reporter on Jan. 7, 2008, Standard & Poor's Ratings Services assigned its 'BB-' corporate credit rating to Southfield, Michigan-based Federal-Mogul Corp. following the company's emergence from Chapter 11 on Dec. 27, 2007. The outlook is stable. REUNION INDUSTRIES: Earns $86,000 in Month Ended February 29, 2008 ------------------------------------------------------------------ Reunion Industries Inc. filed with the Bankruptcy Court and United States Trustee its monthly operating report for February 2008. As of Feb. 29, 2008, the Debtor had $45,334,000 in total assets, $67,863,000 in total liabilities, and $22,529,000 in total stockholders' deficit. For the month ended Feb. 29, 2008, the Debtor had $5,234,000 net sales and generated a net income of $86,000. For the month ended Feb 29, 2008, the beginning cash balance was $455,178 and the ending cash balance was $464,628,000. A full-text copy of the company's February 2008 report is available for free at http://www.sec.gov/Archives/edgar/data/1003429/000100342908000007/ f8kapr4.txt About Reunion Industries Headquartered in Pittsburgh, Pennsylvania, Reunion Industries Inc. owns and operates industrial manufacturing operations that design and manufacture engineered, high quality products for specific customer requirements. These products include large diameter seamless pressure vessels, manufactured by its CP Industries division, and hydraulic and pneumatic cylinders, manufactured by its Hanna Cylinders division. In addition, the Debtor has a 65% interest in Shanghai Klemp Metal Products Co., Ltd., a Chinese company located in Shanghai, China. Shanghai Klemp manufactures metal bar grating. Reunion Industries filed for Chapter 11 protection on Nov. 26, 2007 (Bankr. D. Conn. Case No.: 07-50727). Two Reunion Industries stockholders, Charles E. Bradley, Sr. Family, L.P., and John Grier Poole Family, L.P., filed separate Chapter 11 petitions on the same day (Bankr. D. Conn. Case Nos. 07-50725 and 07-50726). Carol A. Felicetta, Esq. at Reid and Riege, P.C. represents the Debtors in their restructuring efforts. SIRVA INC: Allied Int'l Files Schedules of Assets and Liabilities ----------------------------------------------------------------- Allied International N.A., Inc., a debtor affiliate of SIRVA, Inc., filed its schedules of assets and liabilities, disclosing: A. Real Property $0 B. Personal Property B.1 Cash on hand B.2 Bank Accounts Cash 18,335 Outstanding Checks (1,114,287) B.16 Accounts Receivable 3rd party/other 2,028,850 Claims/in subrogation 257,060 Cargo claims chargebacks 974,675 Domestic agents 2,128,886 Foreign agents 2,580,275 National accounts 15,774,942 Government/military 715,312 Other trade 677,239 Unapplied cash (1,841,649) Land adjustments (10,197,154) Accrued domestic agents 2,533,054 Accrued foreign agents 833,822 Accrued national accounts 7,887,229 Accrued government/military 884,144 Accrued other trade 65,179 Intercompany 11,881,830 Receivables Uncollected - customer (857,309) B.28 Office Equipment Furniture/fixtures 74,017 Office equipment/other assets 16,838 Computer equipment 276,760 Software 4,438,439 Depreciation - furnitures/fixtures (6,168) Depreciation - office equipment/other assets (3,367) Depreciation - computer equipment (144,637) Depreciation - software (3,392,575) B.35 Other Personal Property Prepaid insurance (199,432) Prepaid container usage 84,873 Prepaid other expense 177,534 Deferred agent conversion costs 558,021 TOTAL SCHEDULED ASSETS $37,092,401 ======================================================== C. Property Claimed as Exempt $0 D. Secured Claims - JPMorgan Chase Bank 486,380,075 E. Unsecured Priority Claims Pennsylvania Department of Revenue 0 F. Creditors Holding Unsecured Non-priority Claims Contingent 900,354 Contingent and unliquidated 11,526,533 AGS 95,320 AGS - NA 44,578 Allied Bolliger 46,793 Allied International Calgary - Canada 54,058 Allied International Vancouver 41,695 Allied Pickfords - Victoria 91,456 Allied Pickfords - Australia 59,496 Allied Pickfords - England 512,735 Allied Pickfords - Japan 91,705 Allied Pickfords - Hong Kong 61,069 Allied Pickfords PTE LTD 374,101 Allied Pickfords - Beijing 56,955 Atlantic Worldwide Movers - Denis 77,171 Atlantic Worldwide Movers - Surrey 53,667 Bergen International Movers 80,104 Bolliger S.P.A. 60,872 Contingent, unliquidated and undisputed 2,807,246 Clover international C.A. 77,278 Demenagement Performance PMI Inc. 57,023 Elite Moving Systems LTD 61,274 Exel Transportation Services 41,286 Export-Import Service Inc. 40,996 Geijtenbeek BV 47,255 Graebel Movers International Inc. 46,674 Horizon Lines LLC 53,028 Inter Cargo Systems LLC 44,531 Interdean 99,835 International Logistic Services 95,336 Lift-van International Co. 72,214 Lyon Company LLP 55,940 Murphy Shipping & Communications 57,979 North American (UK) LTD NA 45,365 Overseas Transport GMBH 83,405 Quality Move Management 40,970 Schneider International 97,105 Sirva International Freight Forwarding 45,449 Taylor International 79,295 Team Allied - BE (Overijse) 218,005 Team Allied - CH (Geneva) 40,152 Team Allied - DW (Germany) 49,483 Team Allied - DW (Mainz-Kastel) 78,452 Team Allied - FR (Cedex) 238,919 Team Allied - NO (Oslo) 43,008 Team Allied - SE (Sweden) 165,828 Team Allied - SU (Moscow) 91,171 Team Allied - DW (Ginsheim-Gustavsburg) 183,436 Team Relocations LTD 240,699 Vero Marine Insurance LTD 82,612 Others 3,426,845 TOTAL SCHEDULED LIABILITIES $509,516,861 ======================================================== Headquartered in Westmont, Illinois, SIRVA Inc. (Pink Sheets : SIRV.PK) -- http://www.sirva.com/-- is a provider of relocation solutions to a well-established and diverse customer base. The company handles all aspects of relocation, including home purchase and home sale services, household goods moving, mortgage services and home closing and settlement services. SIRVA conducts more than 300,000 relocations per year, transferring corporate and government employees along with individual consumers. SIRVA's brands include Allied, Allied International, Allied Pickfords, Allied Special Products, DJK Residential, Global, northAmerican, northAmerican International, Pickfords, SIRVA Mortgage, SIRVA Relocation and SIRVA Settlement. The company has operations in Costa Rica. The company and 61 of its affiliates filed separate petitions for Chapter 11 protection on Feb. 5, 2008 (Bankr. S.D.N.Y. Case No. 08-10433). Marc Kieselstein, Esq. at Kirkland & Ellis, L.L.P. is representing the Debtor. An official Committee of Unsecured Creditors has been appointed in this case. When the Debtors filed for bankruptcy, it reported total assets of US$924,457,299 and total debts of US$1,232,566,813 for the quarter ended Sept. 30, 2007. The combined hearing on the adequacy of the disclosure statement and the confirmation of the Debtors' proposed Plan of Reorganization is set April 18, 2008. (Sirva Inc. Bankruptcy News, Issue No. 12; Bankruptcy Creditors' Services Inc. http://bankrupt.com/newsstand/or 215/945-7000). SIRVA INC: Exec. Relocation's Schedules of Assets and Liabilities ----------------------------------------------------------------- Executive Relocation Corporation, debtor-affiliate of SIRVA Inc., filed its schedules of assets and liabilities, disclosing: A. Real Property $0 B. Personal Property B.1 Cash on hand B.2 Bank Accounts Cash 1,000,537 Accounts Payable - Vendor (8,091,891) B.9 Insurance Policies Illinois National Insurance Co. undetermined U.S. Specialty Insurance Co. undetermined Newmarket Underwriters Ins. Co. undetermined Beazley (London) undetermined National Union Fire Insurance Co. undetermined Liberty Mutual Insurance Co. undetermined Lexington Insurance Co. undetermined RSUI Indemnity Co. undetermined National Surety Corp. undetermined Great American Ins. Co. of NY undetermined Starr Excess Liability Ins. Co. undetermined Axis Reinsurance Co. undetermined Vero Marine Insurance Ltd. undetermined Travelers Property Casualty Co. undetermined Underwriters at Lloyds undetermined B.13 Stock and Interests undetermined B.16 Accounts Receivable 3rd party/other 68,467 Accounts Receivable, Customer 707 Accounts Receivable, Unapplied Cash 602,265 Accounts Receivable, Relocation in Process 21,937,136 Receivables Uncollected - Customer A/R (97,943) B.22 Patents undetermined B.23 Licenses, franchises & other intangibles Intangible 28,200,000 Accumulated Intangible Amortization - Maison Huet (13,391,518) B.28 Office Equipment Furniture/fixtures 870,880 Office equipment/other assets 37,916 Communications Equipment 151,753 Computer Equipment 392,627 Software 144,043 Depreciation - furnitures/fixtures (312,529) Depreciation - office equipment/other assets (25,435) Depreciation - communications equipment (108,155) Depreciation - computer equipment (320,830) Depreciation - software (88,351) B.29 Equipment and Supplies for Business Leasehold Improvement 153,241 Depreciation - Leasehold Improvement (66,276) B.35 Other Personal Property Prepaid Rent 118,073 Prepaid Other Expense 77,700 TOTAL SCHEDULED ASSETS $31,252,418 ======================================================== C. Property Claimed as Exempt 0 D. Secured Claims JPMorgan Chase Bank $486,380,075 LaSalle Bank National Association undetermined E. Unsecured Priority Claims 0 *** In Executive Relocation Corporation's summary of liabilities, Schedule E is reflected as $0. However, the actual schedule reflects these unsecured priority claims: Employees - Compensation & Benefits $388,959 Michigan Department of Treasury 12,400 Missouri Department of Revenue 48,900 Oklahoma Tax Commission 130 Taxing Authorities - Federal 12,299,160 Taxing Authorities - Other 5,326,106 Taxing Authorities - State (2,045,364) F. Unsecured Non-priority Claims Accounts Payable 8,291,203 Accrued General & Administrative Expenses and Other Current Liabilities 14,901 Fleming Post Confirmation Trust undetermined TOTAL SCHEDULED LIABILITIES $494,686,179 ======================================================== Headquartered in Westmont, Illinois, SIRVA Inc. (Pink Sheets : SIRV.PK) -- http://www.sirva.com/-- is a provider of relocation solutions to a well-established and diverse customer base. The company handles all aspects of relocation, including home purchase and home sale services, household goods moving, mortgage services and home closing and settlement services. SIRVA conducts more than 300,000 relocations per year, transferring corporate and government employees along with individual consumers. SIRVA's brands include Allied, Allied International, Allied Pickfords, Allied Special Products, DJK Residential, Global, northAmerican, northAmerican International, Pickfords, SIRVA Mortgage, SIRVA Relocation and SIRVA Settlement. The company has operations in Costa Rica. The company and 61 of its affiliates filed separate petitions for Chapter 11 protection on Feb. 5, 2008 (Bankr. S.D.N.Y. Case No. 08-10433). Marc Kieselstein, Esq. at Kirkland & Ellis, L.L.P. is representing the Debtor. An official Committee of Unsecured Creditors has been appointed in this case. When the Debtors filed for bankruptcy, it reported total assets of US$924,457,299 and total debts of US$1,232,566,813 for the quarter ended Sept. 30, 2007. The combined hearing on the adequacy of the disclosure statement and the confirmation of the Debtors' proposed Plan of Reorganization is set April 18, 2008. (Sirva Inc. Bankruptcy News, Issue No. 12; Bankruptcy Creditors' Services Inc. http://bankrupt.com/newsstand/or 215/945-7000). SIRVA INC: Meridian Files Schedules of Assets and Liabilities ------------------------------------------------------------- Meridian Mobility Resources Inc., debtor-affiliate of SIRVA Inc. filed its schedule of assets and liabilities, disclosing: A. Real Property Arizona $1,311,982 California 751,839 Connecticut 316,663 Florida 386,558 Georgia 502,050 Massachusetts 162,284 Michigan 172,205 Nebraska 102,149 Nevada 143,505 Ohio 174,260 Oregon 134,998 Pennsylvania 136,533 Rhode Island 195,402 South Carolina 202,141 Texas 252,143 Virginia 534,252 West Virginia 101,675 Other 659,945 B. Personal Property B.15 Government and corporate bonds Not Applicable B.16 Accounts Receivable A/R Third Party/Other (5,091) A/R Customer 3,483,949 A/R Relocations in process (5,096,741) Res Uncoll Customer A/R (492,688) A/R Home Sale Contra NRVA (206,853) B.28 Office Equipment Computer Equipment 7,441 Software 91,165 Depreciation - Computer Equipment (4,713) Depreciation - Software (91,165) B.35 Other Personal Property Prepaid Other Expense 16,099 TOTAL SCHEDULED ASSETS $3,891,984 ========================================================= C. Property Claimed as Exempt $0 D. Secured Claims -- JPMorgan Chase Bank 486,380,075 E. Unsecured Priority Claims 0 F. Unsecured Non-priority Claims 7,136,891 TOTAL SCHEDULED LIABILITIES $493,516,966 ========================================================= Headquartered in Westmont, Illinois, SIRVA Inc. (Pink Sheets : SIRV.PK) -- http://www.sirva.com/-- is a provider of relocation solutions to a well-established and diverse customer base. The company handles all aspects of relocation, including home purchase and home sale services, household goods moving, mortgage services and home closing and settlement services. SIRVA conducts more than 300,000 relocations per year, transferring corporate and government employees along with individual consumers. SIRVA's brands include Allied, Allied International, Allied Pickfords, Allied Special Products, DJK Residential, Global, northAmerican, northAmerican International, Pickfords, SIRVA Mortgage, SIRVA Relocation and SIRVA Settlement. The company has operations in Costa Rica. The company and 61 of its affiliates filed separate petitions for Chapter 11 protection on Feb. 5, 2008 (Bankr. S.D.N.Y. Case No. 08-10433). Marc Kieselstein, Esq. at Kirkland & Ellis, L.L.P. is representing the Debtor. An official Committee of Unsecured Creditors has been appointed in this case. When the Debtors filed for bankruptcy, it reported total assets of US$924,457,299 and total debts of US$1,232,566,813 for the quarter ended Sept. 30, 2007. The combined hearing on the adequacy of the disclosure statement and the confirmation of the Debtors' proposed Plan of Reorganization is set April 18, 2008. (Sirva Inc. Bankruptcy News, Issue No. 12; Bankruptcy Creditors' Services Inc. http://bankrupt.com/newsstand/or 215/945-7000). SIRVA INC: Sirva Global Files Schedules of Assets and Liabilities ----------------------------------------------------------------- SIRVA Global Relocation Inc., debtor-affiliate of SIRVA Inc., filed its schedule of assets and liabilities, disclosing: A. Real Property Arkansas $10,601 California 12,556 Illinois 297,881 Ohio 301,539 Ontario, Canada 54,502 Oregon 123,697 Texas 54,538 B. Personal Property B.2 Bank Accounts -- National City (501,610) B.16 Accounts Receivable 3rd Party/Other 529,100 Customer 12,001,765 Unapplied Cash (330,222) Relocations In Process (3,888,039) Clearing (2,135) Expense Mgt. Pass Through 2,795,872 Intercompany 1,000 Res Uncoll - Customer A/R (455,023) Home Sale Contra NRVA (221,311) B.28 Office Equipment, Furnishings & Supplies Computer Equipment 29,457 DEPR - Computer Equipment (27,283) B.35 Other Personal Property Prepaid Other Expense 8,333 TOTAL SCHEDULED ASSETS $10,795,220 ======================================================== C. Property Claimed as Exempt $0 D. Secured Claim -- JPMorgan Chase Bank 486,380,075 E. Unsecured Priority Claim 0 F. Unsecured Non-priority Claims Contingent Claim 1,545,249 Avis Rent A Car 1,604 CWS Corporate Housing 132 Equus Software LLC 320 Fry-Wagner United Moving & Storage 1,344 Graebel Companies 3,617 Greenstone Investments LLC 1,815 Homewood Suites 3,480 Irvine Ranch Water District 34 Kolb Daas & Associates PLC 5,818 Korman Communities 3,915 LimoLink, Inc. 372 Residence Inn by Marriott, Dallas Centra 1,157 Wisenterprise, Inc. 857 TOTAL SCHEDULED LIABILITIES $487,949,791 ======================================================== Headquartered in Westmont, Illinois, SIRVA Inc. (Pink Sheets : SIRV.PK) -- http://www.sirva.com/-- is a provider of relocation solutions to a well-established and diverse customer base. The company handles all aspects of relocation, including home purchase and home sale services, household goods moving, mortgage services and home closing and settlement services. SIRVA conducts more than 300,000 relocations per year, transferring corporate and government employees along with individual consumers. SIRVA's brands include Allied, Allied International, Allied Pickfords, Allied Special Products, DJK Residential, Global, northAmerican, northAmerican International, Pickfords, SIRVA Mortgage, SIRVA Relocation and SIRVA Settlement. The company has operations in Costa Rica. The company and 61 of its affiliates filed separate petitions for Chapter 11 protection on Feb. 5, 2008 (Bankr. S.D.N.Y. Case No. 08-10433). Marc Kieselstein, Esq. at Kirkland & Ellis, L.L.P. is representing the Debtor. An official Committee of Unsecured Creditors has been appointed in this case. When the Debtors filed for bankruptcy, it reported total assets of US$924,457,299 and total debts of US$1,232,566,813 for the quarter ended Sept. 30, 2007. The combined hearing on the adequacy of the disclosure statement and the confirmation of the Debtors' proposed Plan of Reorganization is set April 18, 2008. (Sirva Inc. Bankruptcy News, Issue No. 12; Bankruptcy Creditors' Services Inc. http://bankrupt.com/newsstand/or 215/945-7000). SIRVA INC: Sirva Relocation's Schedules of Assets and Liabilities ----------------------------------------------------------------- SIRVA Relocation LLC, debtor-affiliate of SIRVA Inc., filed its schedules of assets and liabilities, disclosing: A. Real Property Arizona $8,825,242 Virginia 8,386,688 California 4,482,379 Texas 4,073,795 Maryland 3,785,955 Ohio 3,752,538 South Carolina 3,547,389 Michigan 3,351,487 Georgia 2,482,794 Illinois 2,264,190 Iowa 2,244,944 Colorado 1,882,343 Florida 1,824,967 Massachussetts 1,471,095 Arkansas 1,169,094 Others 22,525,339 B. Personal Property B.1 Cash on hand Petty Cash 2,219 B.2 Bank Accounts (12,548,240) B.9 Insurance Policies 0 B.13 Stock and Interests 98,912,184 B.16 Accounts Receivable A/R - Customers 27,931,683 A/R - Unapplied Cash 2,328,637 A/R - Third Party/Other 293,606 A/R - Clearing (13,484) A/R - Relocation in Process (19,515,123) A/R - Expense Management Pass Through (851,941) A/R - Home Sale Contra NRVA (1,232,429) Reserve for Uncollectible A/R - Customers (2,036,729) B.22 Patents Undetermined B.23 Licenses, franchises & other intangibles Goodwill (1) Intangible - Crs 34,799,000 Intangible 2,499,670 Accum. Intangible Amortization - Crs (21,405,399) Accum. Intangible Amortization - Cms (1,767,835) B.28 Office Equipment Furniture/Fixtures 1,827,235 Office Equipment/Other Assets 41,163 Communications Equipment 548,198 Computer Equipment 3,944,152 Software 10,206,604 Depr - Furniture/Fixtures (823,293) Depr - Office Equipment/Other Assets (29,378) Depr - Communications Equipment (439,652) Depr - Computer Equipment (2,038,346) Depr - Software (5,502,189) B.29 Equipment and Supplies for Business Van Equipment Moving Pads & Blankets 0 Containers 0 Satellite Equipment 0 Warehouse Equipment 0 Leasehold Improvement 996,917 Other Equipment Clearing 0 Depr - Can Equip Moving PAds & Blankets 0 Depr - Containers 0 Depr - Satellite Equipment 0 Depr - Warehouse Equipment 0 Depr - Leasehold Improvement (345,889) B.35 Other Personal Property Prepaid Other Expense 3,277,618 Prepaid Rent 357,377 TOTAL SCHEDULED ASSETS $195,486,575 ========================================================= C. Property Claimed as Exempt $0 D. Secured Claims JPMorgan Chase Bank 486,380,075 Lasalle Bank National Association Undetermined O/E Systems, Inc. Undetermined Relational, LLC Undetermined E. Unsecured Priority Claims 0 F. Unsecured Non-priority Claims Accounts Payable 37,316,792 Accrued General and Admin Expenses 1,552,030 Accrued Purchased Transportation Expenses 6,624,580 Others 1,955,433 TOTAL SCHEDULED LIABILITIES $533,828,909 ========================================================= Headquartered in Westmont, Illinois, SIRVA Inc. (Pink Sheets : SIRV.PK) -- http://www.sirva.com/-- is a provider of relocation solutions to a well-established and diverse customer base. The company handles all aspects of relocation, including home purchase and home sale services, household goods moving, mortgage services and home closing and settlement services. SIRVA conducts more than 300,000 relocations per year, transferring corporate and government employees along with individual consumers. SIRVA's brands include Allied, Allied International, Allied Pickfords, Allied Special Products, DJK Residential, Global, northAmerican, northAmerican International, Pickfords, SIRVA Mortgage, SIRVA Relocation and SIRVA Settlement. The company has operations in Costa Rica. The company and 61 of its affiliates filed separate petitions for Chapter 11 protection on Feb. 5, 2008 (Bankr. S.D.N.Y. Case No. 08-10433). Marc Kieselstein, Esq. at Kirkland & Ellis, L.L.P. is representing the Debtor. An official Committee of Unsecured Creditors has been appointed in this case. When the Debtors filed for bankruptcy, it reported total assets of US$924,457,299 and total debts of US$1,232,566,813 for the quarter ended Sept. 30, 2007. The combined hearing on the adequacy of the disclosure statement and the confirmation of the Debtors' proposed Plan of Reorganization is set April 18, 2008. (Sirva Inc. Bankruptcy News, Issue No. 12; Bankruptcy Creditors' Services Inc. http://bankrupt.com/newsstand/or 215/945-7000). SIRVA INC: 18 Affiliates File Schedules of Assets and Liabilities ----------------------------------------------------------------- Some 17 debtor-affiliates of SIRVA, Inc., reported assets of $0 and debts of $486,380,075, owed to JPMorgan Chase Bank as administrative agent, pursuant to the Debtors' prepetition credit facility: * A Five Star Forwarding, Inc., * Allied Van Lines, Inc. of Indiana, * Cartwright Moving & Storage Co., Inc., * Cartwright Van Lines, Inc., * City Storage & Transfer, Inc., * Federal Traffic Service, Inc., * Fleet Insurance Management, Inc., * FrontRunner Worldwide, Inc., * Great Falls North American, Inc., * Manufacturing Support Services, LLC, * Move Management Services, Inc., * NA (UK) GP Corporation, * North American International N.A., Inc., * RS Acquisition, LLC, * SIRVA Container Lines, Inc., * SIRVA Imaging Solutions, Inc., and * SIRVA MLS, Inc. Debtor Allied Interstate Transportation, Inc., disclosed $0 assets and $0 liabilities in its books and records. Headquartered in Westmont, Illinois, SIRVA Inc. (Pink Sheets : SIRV.PK) -- http://www.sirva.com/-- is a provider of relocation solutions to a well-established and diverse customer base. The company handles all aspects of relocation, including home purchase and home sale services, household goods moving, mortgage services and home closing and settlement services. SIRVA conducts more than 300,000 relocations per year, transferring corporate and government employees along with individual consumers. SIRVA's brands include Allied, Allied International, Allied Pickfords, Allied Special Products, DJK Residential, Global, northAmerican, northAmerican International, Pickfords, SIRVA Mortgage, SIRVA Relocation and SIRVA Settlement. The company has operations in Costa Rica. The company and 61 of its affiliates filed separate petitions for Chapter 11 protection on Feb. 5, 2008 (Bankr. S.D.N.Y. Case No. 08-10433). Marc Kieselstein, Esq. at Kirkland & Ellis, L.L.P. is representing the Debtor. An official Committee of Unsecured Creditors has been appointed in this case. When the Debtors filed for bankruptcy, it reported total assets of US$924,457,299 and total debts of US$1,232,566,813 for the quarter ended Sept. 30, 2007. The combined hearing on the adequacy of the disclosure statement and the confirmation of the Debtors' proposed Plan of Reorganization is set April 18, 2008. (Sirva Inc. Bankruptcy News, Issue No. 12; Bankruptcy Creditors' Services Inc. http://bankrupt.com/newsstand/or 215/945-7000). SIRVA INC: 25 Affiliates File Schedules of Assets and Liabilities ----------------------------------------------------------------- Some 25 debtor-affiliates of SIRVA, Inc. reported assets ranging from $0 to $265,000,000: Debtor Assets Debts ------ ------------ ------------ North American International Holding $265,923,868 $486,380,075 RS Acquisition Holding, LLC 164,240,000 486,380,075 Allied Van Lines Terminal Company 16,925,447 486,380,075 Allied Transportation Forwarding, Inc. 1,535,214 487,507,731 Americas Quality Van Lines, Inc. 1,067,338 486,380,075 Allied Freight Forwarding, Inc. 772,803 490,516,510 North American Logistics, Ltd. 639,031 486,380,075 North American Forwarding, Inc. 272,441 486,624,447 Allied Intermodal Forwarding, Inc. 153,992 485,499,788 Allied Domestic Forwarding, Inc. 109,157 486,379,034 Lyon Worldwide Shipping, Inc. 91,992 486,380,075 Anaheim Moving Systems, Inc. 58,442 486,393,411 Global Van Lines, Inc. 50,462 486,380,075 North American Van Lines of Texas 46,326 486,380,075 Allied Alliance Forwarding, Inc. 39,651 486,138,466 Lyon Van Lines, Inc. 39,582 486,380,075 NACAL, Inc. 15,975 486,380,075 SIRVA Freight Forwarding, Inc. 3,995 486,380,075 Alaska USA Van Lines, Inc. 3,802 486,380,075 Relocation Risk Solutions, LLC 863 486,380,075 A Relocation Solutions Management Company 0 484,417,821 SIRVA Settlement of Alabama, LLC 0 486,380,075 Global Worldwide, Inc. (1,255) 486,380,075 Allied Continental Forwarding, Inc. (24,611) 486,226,335 Allied Transcontinental Forwarding (82,756) 486,169,171 Headquartered in Westmont, Illinois, SIRVA Inc. (Pink Sheets : SIRV.PK) -- http://www.sirva.com/-- is a provider of relocation solutions to a well-established and diverse customer base. The company handles all aspects of relocation, including home purchase and home sale services, household goods moving, mortgage services and home closing and settlement services. SIRVA conducts more than 300,000 relocations per year, transferring corporate and government employees along with individual consumers. SIRVA's brands include Allied, Allied International, Allied Pickfords, Allied Special Products, DJK Residential, Global, northAmerican, northAmerican International, Pickfords, SIRVA Mortgage, SIRVA Relocation and SIRVA Settlement. The company has operations in Costa Rica. The company and 61 of its affiliates filed separate petitions for Chapter 11 protection on Feb. 5, 2008 (Bankr. S.D.N.Y. Case No. 08-10433). Marc Kieselstein, Esq. at Kirkland & Ellis, L.L.P. is representing the Debtor. An official Committee of Unsecured Creditors has been appointed in this case. When the Debtors filed for bankruptcy, it reported total assets of US$924,457,299 and total debts of US$1,232,566,813 for the quarter ended Sept. 30, 2007. The combined hearing on the adequacy of the disclosure statement and the confirmation of the Debtors' proposed Plan of Reorganization is set April 18, 2008. (Sirva Inc. Bankruptcy News, Issue No. 12; Bankruptcy Creditors' Services Inc. http://bankrupt.com/newsstand/or 215/945-7000). SIRVA INC: 8 Affiliates File Schedules of Assets and Liabilities ---------------------------------------------------------------- Some eight debtor-affiliates of SIRVA Inc. reported assets ranging from $10,000 to $439,000,000: Debtor Assets Debts ------ ------------ ------------ SIRVA Worldwide, Inc. $439,177,788 $487,415,921 NAVL LLC 101,480,487 486,380,075 CMS Holding, LLC 5,419,472 486,380,075 A Three Rivers Forwarding, Inc. 423,420 486,765,644 SIRVA Settlement, Inc. 270,043 486,486,576 A.V.L. Transportation, Inc. 230,761 486,558,828 Trident Transport International 134,962 486,389,909 NorAm Forwarding, Inc. 10,795 486,380,075 Headquartered in Westmont, Illinois, SIRVA Inc. (Pink Sheets : SIRV.PK) -- http://www.sirva.com/-- is a provider of relocation solutions to a well-established and diverse customer base. The company handles all aspects of relocation, including home purchase and home sale services, household goods moving, mortgage services and home closing and settlement services. SIRVA conducts more than 300,000 relocations per year, transferring corporate and government employees along with individual consumers. SIRVA's brands include Allied, Allied International, Allied Pickfords, Allied Special Products, DJK Residential, Global, northAmerican, northAmerican International, Pickfords, SIRVA Mortgage, SIRVA Relocation and SIRVA Settlement. The company has operations in Costa Rica. The company and 61 of its affiliates filed separate petitions for Chapter 11 protection on Feb. 5, 2008 (Bankr. S.D.N.Y. Case No. 08-10433). Marc Kieselstein, Esq. at Kirkland & Ellis, L.L.P. is representing the Debtor. An official Committee of Unsecured Creditors has been appointed in this case. When the Debtors filed for bankruptcy, it reported total assets of US$924,457,299 and total debts of US$1,232,566,813 for the quarter ended Sept. 30, 2007. The combined hearing on the adequacy of the disclosure statement and the confirmation of the Debtors' proposed Plan of Reorganization is set April 18, 2008. (Sirva Inc. Bankruptcy News, Issue No. 12; 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. 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