TCR_Public/080705.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, July 5, 2008, Vol. 12, No. 159


ATA AIRLINES: Submits May 1 to 31, 2008 Operating Report
BUFFETS HOLDINGS: Incurs $513,397,244 Loss in Month Ended May 28
DELTA FINANCIAL: Earns $34,584,238 in Month Ended May 30, 2008
DURA AUTOMOTIVE: Incurs May 2008 Net Loss of $14,351,000
EDUCATION RESOURCES: Files Schedules of Assets and Liabilities

FRONTIER AIRLINES: Posts Net Loss of $21,966,000 in May 31, 2008
KITTY HAWK: Incurs $173,275 Net Loss in April 2008
KITTY HAWK: KH Ground Files April 2008 Report
KITTY HAWK: Kitty Hawk Cargo Files April 2008 Report
KITTY HAWK: Kitty Hawk AirCargo Files April 2008 Report

KITTY HAWK: Kitty Hawk Ground Files April 2008 Report
LEVITT AND SONS: Delivers May 2008 Monthly Operating Report
PRC LLC: Discloses May 2008 Net Loss of $4,398,000
SHARPER IMAGE: Posts Net Loss of $9,889,159 in May 2008
TROPICANA ENTERTAINMENT: Earns $19,430,000 in Month Ended May 31


ATA AIRLINES: Submits May 1 to 31, 2008 Operating Report
ATA Airlines, Inc., Chief Restructuring Officer Steve Turoff
delivered to the U.S. Bankruptcy Court for the Southern District
of Indiana on June 30, 2008, ATA's monthly operating
report for the period May 1 to 31, 2008.

For the month of May, Mr. Turoff disclosed, ATA had ($5,063,235)
in cash profit and $548,134 in total payables.

The total professional fees incurred by or on behalf of ATA
Airlines during the reporting period is $1,203,152, of which
$1,174,884, was incurred related to bankruptcy.

                        ATA Airlines, Inc.
                    Receipts and Disbursements
                     Month Ended May 31, 2008

   Military                                                 -
   Charter                                                  -
   Scheduled Service                                        
     US Bank                                                -
     Amex                                                   -
     Discover                                               -
     Diner's Club                                           -
     Other Scheduled Service                                -
   Asset Sales--Inventory                                   -
   Asset Sales--Ground Equipment                            -
   Asset Sales--Rotables                                    -
   Return of Deposits/Prepaids                              -
   Cash Collateral/LOCs                                99,433
   Interest                                            77,396
   Miscellaneous                                      170,824
   Total                                             $347,653

   Base Payroll Inc. All Taxes                        939,223     
   Stay Bonus                                         480,018
   Benefits                                            97,585
   Employee Expense Payments                          647,250
   Facilities                                         176,992
   Utilities/Communications                            68,810
   Contract Labor                                       8,245
   Professionals                                            -
   Professionals--Creditors Committee                       -
   Professionals--Bank                                      -
   Professional Fees--Ordinary Course                       -
   US Trustee                                          32,600
   Aircraft Ferry Cost                                      -
   Engine Changes/Certificate Mx                       36,888
   Insurance--D&O/Misc.                               231,069
   Health Insurance Run-off Reserve                 1,500,000
   Cobra Reserve                                    1,000,000
   Security                                                 -
   Shipping/Cargo                                      87,105
   Returned Checks                                          -
   Miscellaneous                                      105,102
   Total                                           $5,410,888

Beginning Balance                                  28,795,942
Receipts                                              347,653
Disbursements                                      (5,410,888)
Ending Balance                                    $23,732,707

                      About ATA Airlines

Headquartered in Indianapolis, Indiana, ATA Airlines, Inc., is a
diversified passenger airline operating in two principal business
lines -- a low cost carrier providing scheduled passenger service
that leverages a code share agreement with Southwest Airlines; and
a charter operator that focused primarily on providing charter
service to the U.S. government and military.  ATA is a wholly
owned subsidiary of New ATA  Acquisition, Inc. -- a wholly owned
subsidiary of New ATA Investment, Inc., which in turn, is a wholly
owned subsidiary of Global Aero Logistics Inc.  ATA Acquisition
also owns another holding company subsidiary, World Air Holdings,
Inc., which it acquired through merger on August 14, 2007.  World
Air Holdings owns and operates two other airlines, North American
Airlines and World Airways.

ATA Airlines and its affiliates filed for chapter 11 protection on
Oct. 26, 2004 (Bankr. S.D. Ind. Case Nos. 04-19866, 04-19868
through 04-19874).  The Honorable Basil H. Lorch III confirmed the
Debtors' plan of reorganization on Jan. 31, 2006.  The Debtors'
emerged from bankruptcy on Feb. 28, 2006.

Global Aero Logistics acquired certain of ATA's operations after
its first bankruptcy.  The remaining ATA affiliates that were not
substantively consolidated in the company's first bankruptcy case
were sold or otherwise liquidated.

ATA Airlines filed for Chapter 22 on April 2, 2008 (Bankr. S.D.
Ind. Case No. 08-03675), citing the unexpected cancellation of a
key contract for ATA's military charter business, which made it
impossible for ATA to obtain additional capital to sustain its
operations or restructure the business.  ATA discontinued all
operations subsequent to the bankruptcy filing.  ATA's Chapter 22
bankruptcy petition lists assets and liabilities each in the range
of $100 million to $500 million.

The Debtor is represented in its Chapter 22 case by Haynes and
Boone, LLP, and Baker & Daniels, LLP, as bankruptcy counsel.

The United States Trustee for Region 10 appointed five members to
the Official Committee of Unsecured Creditors.  Otterbourg,
Steindler, Houston & Rosen, P.C., serves as bankruptcy counsel to
the Committee.  FTI Consulting, Inc., acts as the panel's
financial advisors.  The Debtors have until July 31, 2008, to
exclusively file their bankruptcy plan.

(ATA Airlines Bankruptcy News, Issue No. 85; Bankruptcy Creditors'
Services Inc. 215/945-7000).

BUFFETS HOLDINGS: Incurs $513,397,244 Loss in Month Ended May 28

                      Buffets Holdings, Inc.
                          Balance Sheet
                       As of May 28, 2008


Current Assets:
Cash on Hand - drawer                                $1,378,262
Total depository account                              6,781,957
Temporary investments                                74,001,107
Cash                                                 14,141,704
Total cash & cash equivalents                        96,303,030

Receivables-landlord                                     15,714
Credit card receivables                               1,688,656
Intercompany                                                  0
Total rebates receivable                              4,805,308
Accounts receivable                                     962,740
Due to/From affiliate                                  (312,368)
Total Receivables                                     7,160,050

Inventory                                            30,414,809
Total Inventories                                    30,414,809

Restricted cash                                       2,803,448

Employee advances                                        29,396
Escrow deposits - short term                            938,158
Deposits - prefunded LC - current                     6,735,461
Prepaid car leases                                       15,513
Prepaid Insurance                                     1,352,436
Prepaid rent                                            788,484
Prepaid other                                         2,861,260
Prepaid advertising                                   8,957,670
Prepaid rent escrow                                      80,467
Notes receivable - short term                             9,258
Total prepaid expenses & other assets                21,768,104

Assets held for sale                                  3,794,350

Deferred income taxes - current                      14,370,000
Deferred tax valuation allowance - current          (14,370,000)
Total current assets                                162,243,790

Cabinet division inventory                            5,184,400
Corporate inventory                                     718,753
Proceeds of sale clearing account                             0
Land                                                  9,298,836
Building                                              5,432,213
Accumulated depreciation - building                    (818,574)
Leasehold improvement                               167,989,325
Accumulated amortization                            (93,354,665)
Equipment                                           225,453,157
Accumulated depreciation - equipment               (134,079,186)
Automobile                                              199,173
Accumulated depreciation - auto                         (63,740)
Assets to be sold - PP&E                             16,014,394
Accumulated depreciation - assets to be sold            (20,807)
Total property, plant & equipment, net              201,953,278

Goodwill                                            120,366,181
Intellectual property                                         0
Acquisition costs                                    18,133,818
Total goodwill                                      138,499,999

Deferred income taxes - non-current                  31,552,574
Deferred tax valuation allowance - non-current      (31,552,574)

Liquor licenses                                         343,681
Leasehold interest                                    1,566,279
Recipes                                               2,177,684
Trademark                                            56,600,000
Total other intangible assets                        60,687,644

Prepaid rent deposits                                   382,986
Deposits                                              6,302,683
Investments in subsidiaries                                   0
Interest rate swap                                            0
Total debt issuance costs                            39,272,249
Total accum. amortization debt issuance costs        (9,008,920)
Notes receivable from subsidiaries                            0
Total notes receivable - long term                       15,434
Total other noncurrent assets                        36,964,432
Total assets                                       $600,349,143


Current liabilities:
Accounts payable - prepetition                      $25,967,107
Accounts payable - postpetition                      39,051,854
COD Clearing                                                  0
Misc. accruals - restaurant level                     8,130,041
Misc. accruals - corp level                           5,112,595
Total accounts payable                               78,261,597

Accrued 401(k)                                          611,084
Accrued payroll                                      12,246,577
Accrued bonus                                         3,087,928
Accrued payroll taxes                                 4,115,031
Accrued vacation                                      7,337,398
Total accrued compensation                           27,398,018

Accrued insurance - auto                                 18,285
Accrued insurance - general liability                14,810,350
Accrued insurance - other                             4,192,358
Total accrued insurance                              19,020,993

Accrued percentage rent                                 952,207
Accrued interest - short term                        27,316,714
Accrued property taxes                                7,936,286
Accrued postage                                           1,604
Accrued advertising                                     622,829
Accrued liabilities - other                          17,079,631
Deferred income - current                               152,017
Total other accrued liabilities                      54,061,288

Gift certificates/gift cards                          4,878,163
Cash receipts suspense                                  300,419
Workers compensation payable                         22,096,663
Lease rejection claims reserve                       25,105,446
Sales/Use tax payable                                 7,719,219
Accrued restaurant closing costs                      1,353,045
Total accrued liabilities                           161,933,252

Income taxes payable                                   (989,206)
Estimated income taxes                                  346,000
Total income taxes payable                             (643,206)

Current maturities of long-term debt                  5,300,000
Short term borrowings                                56,300,000
Short term borrowings - DIP                          82,753,541
Short term borrowings - vendor LC draws               5,913,580
Total current liabilities                           389,818,765

Notes payable to parent                                       0
Senior debt - bank                                  518,728,000
Senior debt - public                                300,000,000
Total long-term debt                                818,728,000

Accrued rent                                         44,698,546

Deferred Income tax                                  26,872,869
Income tax payable - non-current                     27,622,276

Long term sublease deposits                              33,905
Post retirement benefits payable                         22,022
Total deferred income                                 6,064,356

Total other long-term liabilities                     6,120,283

Total non-current liabilities                       924,041,974

Total liabilities                                 1,313,860,739

Shareholders' Equity:
Capital Stock                                            31,045
Additional paid in capital                               81,601

Contributed capital                                           0
Interco contributions (distributions)                         0
Dividends paid (interco)                                      0
Dividends received (interco)                                  0

Accum other comprehensive income                         14,552

Dividends paid to shareholders                     (101,164,801)
Retained earnings                                   (99,076,749)
Level 8 profit/loss                                (513,397,244)
Retained earnings                                  (713,638,794)

Total shareholders' equity                         (713,511,597)

Total liabilities & Stockholders' equity           $600,349,143

                       Buffets Holdings, Inc.
                         Income Statement
                  For the month ended May 28, 2008      

Total sales                                      $1,439,321,719
Total food cost                                     500,871,482
Total labor                                         432,928,906
Operating costs                                     196,546,708
Occupancy costs                                     181,776,398

Total DIR & O/C                                     378,323,105
Total restaurant costs                            1,312,123,493
Restaurant profit                                   127,198,226

Total G&A Expense                                    63,819,495

Marketing                                            36,770,231
Total SG&A Expense                                  100,589,727         

Closed restaurant costs                               4,833,875
Impairment costs                                    400,392,913
Loss on litigation settlement                           130,826
Merger/integration costs                              4,462,870
Reorganization costs                                 40,916,742
Bonus - EBITDA Plan                                   1,766,666
Earnings from operations                           (425,895,392)

Other income (expense)
Franchise income                                        768,861
Interest income                                         211,681
Interest expense                                    (83,916,929)
Other income (expense)                                  117,688
Loss related to refinancing                          (1,950,528)
Net Worth Tax                                          (370,111)
Intercompany                                                  -
Total other income (expense)                        (85,139,339)
Earnings before tax                                (511,034,731)

Net worth tax                                                 0
Income taxes                                          2,362,512
Net earnings (loss)                               ($513,397,244)

                      Buffets Holdings, Inc.
            Schedule of Cash Receipts & Disbursements   
                For the month ended May 28, 2008

Cash Receipts (inc. Sales tax):
Cash receipts                                          $75,389
Credit card                                             51,143
(Gift card usage)                                             0
Rebates, other                                           1,199
Total cash receipts                                     127,730

Operating Disbursements:
   Check                                                  8,221
   EFT                                                   62,376
Change in trade terms                                    (4,402)
Payroll                                                  36,906
Rent (Cash occupancy)                                     5,478
Sales tax                                                 7,838
Other operating                                              54
Total operating disbursements                           116,471
Net operating cash flows                                 11,259

Non-operating Disbursements (Receipts):
Income tax                                                   0
Total CapEx                                              1,761
Professional fees, inc. holdbacks                          983
Closed restaurant costs                                      0
Deposits (Utility)                                          14
Other                                                        0
Cash (Proceeds) from asset sales                             0
Total non-operating disbursements                         2,758

Financing Payments:
Interest expense                                            87
Interest (income)                                          (50)
DIP Fees/other                                               0
Principal payments                                        (175)
Total financing disbursements                              (138)

Total net disbursements                                 119,092

Net cash receipts (disbursements)                        $8,638

                     About Buffets Holdings

Headquartered in Eagan, Minnesota, Buffets Holdings Inc. -- 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

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 have until Sept. 30, 2008, to exclusively file a plan.  
(Buffets Holdings Bankruptcy News, Issue No. 18; Bankruptcy
Creditors' Service Inc.,  

DELTA FINANCIAL: Earns $34,584,238 in Month Ended May 30, 2008

              Delta Financial Corp. and Subsidiaries
               Unaudited Consolidated Balance Sheet
                       As of May 30, 2008


Cash and cash equivalents                            $7,193,406
Mortgage loans held for sale, net                             0
Mortgage loans held for investment, net of
   discount and deferred fees                                 0
Less: allowance for loan losses                               0
Mortgage loans held for investment, net                       0
Trustee receivable                                            0
Accrued interest receivable                                   0
Excess cash flow certificates                                 0
Equipment, net                                                0
Accounts receivable                                  10,590,506
Prepaid and other assets                              5,629,821
Deferred tax asset                                            0
Total Assets                                        $23,413,734

Liabilities and Stockholder's Equity


Bank payable                                                 $0
Warehouse financing                                           0
Financing on mortgage loans
   held for investment, net                                   0
Other borrowings                                              0
Accrued interest payable                                      0
Accounts payable and other liabilities              $11,513,971
Long term liabilities                                 5,274,030
Deferred tax liability                                        0
Total Liabilities                                    16,788,002

Stockholders' Equity:

Preferred stock - REIT                                        0
Common stock                                            254,792
Additional paid-in capital                          158,301,751
Retained earnings (accumulated deficit)            (150,612,656)
Accumulated other comprehensive income (loss)                 0
Treasury stock, at cost                              (1,318,154)
Total stockholders' equity                           $6,625,732
Total liabilities and stockholders' equity          $23,413,734

              Delta Financial Corp. and Subsidiaries
          Unaudited Consolidated Statements of Operations
              Consolidated Statements of Operations
              For the Five Months Ended May 30, 2008

Interest income                                        $135,320
Interest expense                                     (1,225,869)
Net interest income                                  (1,090,549)
Provision for loan loss                                       0
Net interest income after provision for loan loss    (1,090,549)

Non-interest income

Net gain on sale of mortgage loans                     (190,828)
Other income                                         42,882,369
Total non-interest income                            42,691,540

Non-interest expense

Payroll and related costs                             1,915,615
General and administrative                            5,101,137
(Gain) loss on derivative instruments                         0
Total non-interest expense                            7,016,753

Income (loss) before income tax expense (benefit)    34,584,238
Provision for income tax expense (benefit)                    0
Net income (loss)                                   $34,584,238

              Delta Financial Corp. and Subsidiaries
           Schedule of Cash Receipts and Disbursements
                 For the Month Ended May 30, 2008

Cash - beginning of month                            $8,134,145

Deposits                                                 90,163
Bank interest                                            11,971
Loans and advances                                            -
Intercompany                                             40,346
Other and voided checks                                       -
Transfers (from/to DIP accounts)                         40,858
Total receipts                                          183,340

Payroll and related costs
   Payroll                                              (81,716)
   Payroll tax                                          (31,934)
   Employee benefits                                    (55,454)
   Payroll related (temp/consultant fees,
      BOD fees, ADP fees,etc.)                          (25,635)
Total payroll and related costs                        (194,741)
General and administrative                              (86,905)
Private investor payments                                     -
Professional fees                                      (842,333)
Taxes                                                         -
US Trustee payments                                           -
Other payments                                             (100)
Total disbursements                                  (1,124,080)
Net cash flow                                          (940,739)
Cash - end of month                                  $7,193,406

Since January 2008, the Debtors have made payments to these
retained professionals:

   Professional           Role                    Fees   Expenses
   ------------           ----                    ----   --------
   AlixPartners, LLP      Claims Agent          $93,813  $41,732
                          to Debtors

   Morrison & Foerster    General Bankruptcy    440,863   15,578
                          Counsel to Debtors

   FTI Consulting         Financial Advisors    163,886    1,644
                          to Debtors

   Pepper Hamilton LLP    Delaware Counsel       87,794   14,668
                          to Debtors

   Weiser LLP             Financial Advisor      52,548       39
                          to Committee

   Landis Rath & Cobb LLP Delaware Counsel       22,905    1,771
                          to Committee

   Epiq Systems           -                         101        7

   Crowell & Moring       -                         195        -

   CT Corporation         -                      10,367        -

   Pentalpha Group LLC    -                      36,868    1,132

   Goldstein Jones LLP    -                       1,725      120

   Jenner & Block LLP     -                      94,496    5,157
                                             ----------  -------
   Total                                     $1,005,566  $81,853

                       About Delta Financial

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

The company filed a chapter 11 petition on December 17, 2007
(Bankr. D. Del. Lead Case No. 07-11880).  On the same day, three
affiliates filed separate chapter 11 petitions -- Delta Funding
Corp., Renaissance Mortgage Acceptance Corp., and Renaissance
R.E.I.T. Investment Corp. -- (Bankr. D. Del. Case Nos. 07-11881 to
07-11883).  The Debtors' petition listed D.B. Structured Products
Inc. as their largest unsecured creditor holding a $19,500,000

The Debtors selected Morrison & Foerster LLP as their general
bankruptcy counsel and David B. Stratton, Esq. and James C.
Carignan, Esq. at Pepper Hamilton LLP as their counsel.  The
Debtors hired AlixPartners LLP as their claims agent.  The
Official Committee of Unsecured Creditors retained Landis Rath &
Cobb LLP as its Delaware counsel.

The Debtors have asked for further extension to their exclusive
plan filing period through July 25, 2008, and solicit and obtain
acceptances of that plan, through Sept. 26, 2008.  (Delta
Financial Bankruptcy News, Issue No. 11; Bankruptcy Creditors'
Service Inc.; 215/945-7000).

DURA AUTOMOTIVE: Incurs May 2008 Net Loss of $14,351,000

         DURA Automotive Systems, Inc., and Subsidiaries
      Condensed Combined Debtors-in-Possession Balance Sheet
                        As of May 25, 2008
                    (In thousands of dollars)


Current Assets:
  Cash and cash equivalents                              $4,364
  Accounts receivables, net
     Trade                                               88,407
     Other                                               10,505
     Non-debtor subsidiaries                             34,252
  Inventories                                            52,968
  Other current assets                                   26,200
          Total current assets                          216,696

Property, plant and equipment, net                      120,318
Notes receivable from Non-debtors subsidiaries          198,293
Investment in Non-debtors subsidiaries                  790,647
Other noncurrent assets                                   7,043
Total assets                                         $1,332,997


Current Liabilities Not Subject to Compromise:
   Debtors-in-possession financing                     $200,528
   Accounts payable                                      32,287
   Accounts payable to non-debtors subsidiaries           2,330
   Accrued liabilities                                   81,091
   Total Current Liabilities Not Subject                316,236
   to compromise                                     ----------

Long-term Liabilities
   Notes payable to non-debtors subsidiaries             10,242
   Other noncurrent liabilities                          44,912
Liabilities Subject to Compromise                     1,309,431
   Total Liabilities                                  1,680,821
Stockholders' Investment                               (347,824)
Total Liabilities and Stockholders' Investment       $1,332,997

         DURA Automotive Systems, Inc., and Subsidiaries
           Condensed Combined Debtors-in-Possession
                     Statement of Operations
               For the Four Weeks Ended May 25,2008
                    (In thousands of dollars)

Total sales                                             $46,796
Cost of sales                                            45,598
Gross profit(loss)                                       1,198

Selling, general&administrative expenses                  4,467
Facility consolidation, asset impairment and
other charges                                             1,046
Amortization expense                                         19
  Operating income(loss)                                 (4,334)
Interest expense, net                                     3,746

Income(loss) before reorganization items and
income taxes                                             (8,080)
Reorganization items                                      6,247
Loss before income taxes                                (14,327)
Provision for income taxes                                   24
Loss from continuing operations                         (14,351)
Less from discontinued operations                             -
Net income(loss)                                       ($14,351)

         DURA Automotive Systems, Inc., and Subsidiaries
             Condensed Combined Debtors-in-Possession
                      Statement of Cash Flows
                For the Four Weeks Ended May 25,2008
                     (In thousands of dollars)

Operating Activities:
Net income (loss)                                      ($14,351)
Adjustments to reconcile net loss to net cash
provided by (used in) operating activities:
  Depreciation, amortization and asset impairments        1,957
  Amortization of deferred financing fees                   805
  Facility consolidation and other charges(credits)       1,046
  (Gain)/loss on sale of assets                               -
  Reorganization items                                    6,247
Charges in other operating items:
  Accounts receivable                                     4,123
  Inventories                                            (2,537)
  Other current assets                                    1,049
  Noncurrent sales                                          439
  Accounts payable                                       (7,518)
  Accrued liabilities                                    (4,700)
  Noncurrent liabilities                                    517
  Current intercompany transactions                       1,331
  Net cash provided by (used in)operating activities    (11,592)

Investing Activities:
Purchases of property, plant equipment                     (212)
Proceeds from sales of assets                               434
Net cash provided by(used in)investing activities          222

Financing Activities:
DIP Revolver net borrowings                              16,655
DIP term payments                                        (2,408)
Debt issuance costs                                           -
Net cash provided by(used in)financing activities        14,247

Net change in cash&cash equivalents from continuing
operations                                                2,877
Cash flows from discontinued operations                  (3,735)
Cash & Cash equivalents, beginning balance                5,222
Cash & Cash Equivalents, ending Balance                  $4,364

                          About DURA

Rochester Hills, Michigan-based DURA Automotive Systems Inc.
(Nasdaq: DRRA) -- is an independent      
designer and manufacturer of driver control systems, seating
control systems, glass systems, engineered assemblies, structural
door modules and exterior trim systems for the global automotive
industry.  The company is also a supplier of similar products to
the recreation vehicle and specialty vehicle industries. DURA
sells its automotive products to North American, Japanese and
European original equipment manufacturers and other automotive

The company has three locations in Asia -- China, Japan and Korea.
It has locations in Europe and Latin-America, particularly in
Mexico, Germany and the United Kingdom.

The Debtors filed for chapter 11 petition on Oct. 30, 2006,
(Bankr. D. Del. Case No. 06-11202). Marc Kieselstein, P.C., Esq.,
Roger James Higgins, Esq., and Ryan Blaine Bennett, Esq., at
Kirkland & Ellis LLP are lead counsels for the Debtors' bankruptcy
proceedings. Daniel J. DeFranseschi, Esq., and Jason M. Madron,
Esq., at Richards Layton & Finger, P.A. Attorneys are the Debtors'
co-counsels. Baker & McKenzie acts as the Debtors' special
counsel.  Togut, Segal & Segal LLP is the Debtors' conflicts
counsel.  Miller Buckfire & Co., LLC is the Debtors' investment
banker.  Glass & Associates Inc., gives financial advice to the
Debtor.  Kurtzman Carson Consultants LLC handles the notice,
claims and balloting for the Debtors and Brunswick Group LLC acts
as their Corporate Communications Consultants for the Debtors.

As of Jan. 31, 2008, the Debtor had $1,503,682,000 in total
assets and $1,623,632,000 in total liabilities.

On April 3, 2008, the Court approved the Debtors' revised
Disclosure Statement explaining their revised Chapter 11 plan of
reorganization.  The Debtors emerged from bankruptcy on June

(Dura Automotive Bankruptcy News, Issue No. 59; Bankruptcy
Creditors' Service Inc.,  

EDUCATION RESOURCES: Files Schedules of Assets and Liabilities
The Education Resources Institute Inc. delivered its schedules of
assets and liabilities, disclosing:

A.    Real Property

B.    Personal Property
B.1   Cash on hand                                          $400
B.2   Bank Accounts
        U.S. Bank                                    569,484,018
        Bank of America                               97,763,911
        Boston Private                                41,775,505
        RBS Citizens                                  46,077,780
        UFSB                                          30,860,538
        Merrill Lynch                                  1,520,105
        Wachovia                                       1,455,024
        Key Bank                                          45,979

B.9   Interests in Insurance Policies   
        Ace American Insurance Co.                       unknown
        New York State Insurance Find                    unknown
        Philadelphia Insurance Company                       
          Commercial Automobile                          unknown
          Employee Benefits Administration Errors        unknown
          Employee Benefits Errors & Omissions           unknown
          General Liability                              unknown
          Professional Liability                         unknown
          Property Policy                                unknown
          Sexual or Physical Abuse Liability             unknown
          Umbrella Policy                                unknown
        Travelers Company
          Commercial Crime                               unknown
          Directors and Officers Liability               unknown
          Fiduciary Liability                            unknown
          Workers Compensation Insurance                 unknown

B.12   Interests in IRA, ERISA, or other pension plans
         Retirement Plan for the Employees of TERI       unknown
B.13   Business Interests and stocks                     unknown
B.16   Accounts Receivable                       
         Accrued Interest                              3,846,545
         Guarantee Fees                               47,117,055
         Notes Receivable FMC Corp.                    3,100,680
         Origination Fees                              3,472,832
         Other Receivables                               729,334
         Receivables Recoverable on Claim Payments   166,827,796

B.20   Other Contingent & Unliquidated Claims          
         Residual Interest in National Collegiate Trust:
           2001 CP-1                                      73,258
           2002 CP-1                                     225,843
           MSLT I                                      3,672,267
           2003-1                                      4,155,427
           2004-1                                      2,560,065
           2004-2                                      3,919,101
           2005-1                                      3,958,105
           2005-2                                      2,767,051
           2005-3                                      4,329,044
           2006-1                                      2,434,486
           2006-2                                      1,975,485
           2006-3                                     13,499,087
           2006-4                                      6,186,076
           2007-1                                      5,360,351
           2007-2                                      5,327,543
           2007-3                                      2,926,960
           2007-4                                      2,909,318

B.22   Patents                                           unknown
B.23   Licenses
         Reg#: 3027176                                   unknown
         Reg#: 3130718                                   unknown
         Reg#: 2035325                                   unknown
         Reg#: 2035326                                   unknown
         Pathways to College Network
           w/ Logo Reg#:Pending                          unknown
         Pathways to College Network w/ Logo
           (Black and White) Reg#: Pending               unknown
         Reg#: 1487085                                   unknown
         Reg#: 3027179                                   unknown
         Reg#: 3027178                                   unknown
         The Educational Resource Institute              unknown

B.28   Office equipment, furnishings and supplies
         Computer Equipment                               20,695
         Furniture and Fixtures                          248,544

B.29   Machinery                     
         Leasehold Improvements                          576,892
         Machinery and Equipment                          15,610

B.35   Other Personal Property
         Prepaid                                         123,000
         TSFI Note Receivable&Investment in Affiliate  2,263,059

       TOTAL SCHEDULED ASSETS                     $1,083,609,918

C.     Property Claimed as Exempt                              -
D.     Secured Claim
        National Collegiate Student Loan Trusts     $481,886,032
        RBS Citizens                                  46,077,780
        JP Morgan Chase Bank One                      38,644,288
        Union Federal Savings Bank                    30,860,538
        Bank of America                               21,641,163
        Joint Integrated Pool                         13,226,342
        GMAC                                           5,808,995
        National City Bank Deposit                     3,891,551
        National Collegiate Trust                      1,577,506
        St. Mathews                                    1,328,654
        HSBC                                             842,634
        Huntington Bank                                  813,895
        SunTrust                                         427,906
        All First-MedBest                                292,821
        Brazos Student                                   293,678
        MSLT I–Trust Account                             109,952
        Key Bank                                          45,979
        First National Bank Northeast                        780
        Guaranty Bank                                         35

E.     Unsecured Priority Claims                               -

F.     Unsecured Non-priority Claims
        First Marblehead Education Resources          17,537,320
        Zwicker & Associates Litigation Costs            287,321
        Windham Professionals, Inc.                      205,990
        Performant Financial Corp                        178,787
        Van Ru Credit Corporation                        165,697
        Associated Credit Services                       140,400
        Credit Collection Services                       122,935
        Institute for Higher Ed Policy                   110,500
        Account Control Technology                        94,500
        Collection Company of America                     79,675
        Towers Perrin                                     61,175
        Diversified Collection Services, Inc.             54,069
        Lake Contracting Inc.                             52,565
        CBE Group, Inc.                                   50,425
        DBRS                                              50,000
        Douglas Gould & Co., Inc.                         40,000
        Deloitte Consulting LLP                           39,775
        GC Services, LP                                   37,200
        CFO Solutions                                     37,045
        NCO Financial Systems Inc.                        35,610
        Encouragement Services, Inc.                      26,222
        OSI Education Services Inc.                       21,019
        Credit Control Services                           20,694
        Performa Consulting Group                         20,421
        Focus Receivables Management, LLC                  9,410
        National City Bank                                 9,850
        American Education Services                        8,918
        CBV Collection Services, Ltd.                      6,901
        SLRA, L.L.C.                                       6,032
        Barron Associates Worldwide, Inc.                  5,516
        Peabody Office Furniture Corp.                     5,295
        Perkins + Will, Inc.                               5,760
        Williams Printing                                  5,391
        Eastern Bus Co., Inc.                              4,537
        Nexsen Pruet Adams Kleemeier, PLLC                 4,009
        Sara Stoutland                                     4,165
        University of MA Rent                              3,900
        Journey Man Press, Inc.                            3,630
        ADECCO                                             2,743
        Fox Rothschild                                     2,427
        FEDEX                                              2,233
        Casey and Hayes Inc.                               2,226
        Corporate Express                                  2,658
        Spectrum Enterprises                               2,340
        Christian Anderson                                 2,000
        Verndale                                           2,400
        Topkins&Bevans                                     2,064
        Buchanan Ingersoll                                 1,659
        Boston Cab Dispatch                                1,024
        Gordon Law Firm Co., LPA                           1,107
        Hollister Associates                               1,598
        Jaburg & Wilk                                      1,271
        Meghan Behnke                                      1,087
        Weltman Weinberg                                   1,805
        University of Vermont                              1,000
        BFI Print Communication, Inc.                        721
        Barbara Digirolamo                                   450
        AT&T Mobility (Cingular Wireless)                    320
        Albertsons LLC                                       308
        Banc of America Leasing Center                       147
        Bamberger, Gerald & Association                      120
        Adele Wilson                                         115
        Choicepoint Services, Inc.                           212
        College Board                                        260
        Compansol                                            699
        Bernardi Ronayne & Glusac P.C.                       157
        Brockton Public Schools                              141
        Bruce Vandal                                         815
        C3 Conferencing Actuaries, Inc.                      784
        CAF Pension Actuaries, Inc.                          770
        Cooper Coffas Moore & Gray P.A.                      761
        Cynthia Peterka                                      444
        Danielle Neville                                     115
        Iron Mountain                                        790
        Eastern Connection                                   147
        First Student Inc.                                   264
        FMDS – TERI                                          645                                         228
        Gallas & Schultz                                     750
        Ganick, O'Brien & Sarin                              333
        Harvard University                                   270
        Henry Paige                                          115
        Kay Casto & Chaney PLLC                              102
        Kelley's Pub                                         257
        Kyla Dunn                                            450
        Midwestern Higher Education Compact                  909
        Lea Robinson                                         261
        National Enterprise Systems                          981
        NEOA                                                 150
        New England Newsclip Agency                          428
        Oriental Trading Company, Inc.                       224
        Pacer Service Center                                 462
        Reserve Account                                      400
        Rick Trow Productions                                141
        Scholarship America, Inc.                            500
        Sentinel Benefits Group, Inc.                        325
        Shred-It Boston                                      308
        Shumaker Loop                                        138
        Social Science Research Council                      621
        Sodexho/Stonehill College                            282
        Souper Salad                                         304
        Verizon                                              182
        Cambridge Transportation                              84
        Conway Office Products                                81
        Biegin Shapiro & Burrus LLP                           74
        AT&T PO Box 78225                                     67
        Pitney Bowes Inc.                                     55
        Timothy Gannon                                        48
        Belmont Springs                                       41
        Mary Harriman                                         40
        Idearc Media Corp.                                    37
        AT&T PO Box 78225                                     30
        Vincent Franzese                                      48
        Weissmann & Zucker, PC                                63
        Westwood Sign                                         35
        Ashley Allard                                          8

     TOTAL SCHEDULED LIABILITIES                     $19,603,347

            About The Education Resources Institute Inc.

Headquartered in Boston, Massachusetts, The Education Resources
Institute Inc. -- aka Boston Systems      
Resources Inc., Brockton Education Opportunity Center, TERI, TERI
College Access, TERI College Access Centers and TERI Marketing
Services Inc., is a nonprofit organization that promotes
educational opportunities for all through its college access and
loan guarantee activities.  Founded in 1985, TERI is a guarantor
of private or non-government student loans with more than
$17 billion in outstanding guarantees.  

The Debtor filed for Chapter 11 petition on April 7, 2008 (Bankr.
D. Mass. Case No. 08-12540.)  Daniel Glosband, Esq., and Gina L.
Martin, Esq., at Goodwin Procter LLP, represent the Debtor in its
restructuring efforts.  The Debtor's conflicts counsel is Craig
and Macauley PC.  Grant Thornton LLP serves as its financial
advisor and Epiq Bankruptcy Solutions LLC as its claims agent.  
The Debtor's investment banker is Citigroup Global Markets Inc.,
and its public relations & public affairs advisor is Rasky
Baerlein Strategic Communications Inc.  The Official Committee
of Unsecured Creditors is represented by Duane Morris LLP.

The debtor has until Aug. 5, 2008, to exclusively file its
chapter 11 plan.  (TERI Bankruptcy News, Issue No. 8; Bankruptcy
Creditors' Service, Inc.,  

FRONTIER AIRLINES: Posts Net Loss of $21,966,000 in May 31, 2008

               Unaudited Consolidated Balance Sheet
                       As of May 31, 2008


   Cash and cash equivalents                        $110,058,000
   Short-term investments                              8,501,000
   Restricted investments                            100,480,000
   Receivables, net of an allowance for
    doubtful accounts of $421                         68,260,000
   Security and other deposits                           150,000
   Prepaid expenses and other assets                  32,544,000
   Inventories, net of allowance                      19,974,000
   Assets held for sale                                1,060,000
Total current assets                                 341,027,000
Property and other equipment, net                    814,836,000
Security and other deposits                           25,172,000
Aircraft pre-delivery payments                        13,985,000
Restricted investments                                 2,845,000
Deferred loan expenses and other assets               14,193,000
Total Assets                                      $1,212,058,000


Liabilities not subject to compromise:

   Accounts payable                                  $50,074,000
   Air traffic liability                             246,818,000
   Other accrued expenses                             62,979,000
   Deferred revenue and other
    current liabilities                               18,250,000
Total current liabilities
not subject to compromise                           378,121,000

Deferred revenue and other liabilities                23,809,000
Total liabilities not subject to compromise          401,930,000

Liabilities subject to compromise                    706,561,000
Total Liabilities                                  1,108,491,000

   Preferred stock                                             -
   Common stock                                           37,000
   Additional paid-in capital                        196,090,000
   Unearned ESOP shares                                 (480,000)
   Other comprehensive loss                             (299,000)
   Accumulated deficit                               (91,781,000)
Total Stockholders' Equity                           103,567,000
Total Liabilities and Stockholders' Equity        $1,212,058,000

          Unaudited Consolidated Statement of Operations
                 For the period May 1 to 31, 2008

   Passenger                                        $116,350,000
   Cargo                                                 628,000
   Other                                               3,106,000
Total revenues                                       120,084,000

Operating expenses:
   Flight operations                                  16,216,000
   Aircraft fuel                                      62,096,000
   Aircraft lease                                      9,817,000
   Aircraft and traffic servicing                     14,748,000
   Maintenance                                        10,633,000
   Promotion and sales                                13,101,000
   General and administrative                          4,724,000
   Operating expense -- regional partner              10,698,000
   Loss on sales of assets, net                       (9,216,000)
   Depreciation                                        3,735,000
Total operating expenses                             136,552,000
Operating loss                                       (16,468,000)

Non-operating income (expense):
   Interest income                                       522,000
   Interest expense                                   (2,962,000)
   Loss from early extinguishment of debt               (239,000)
   Other, net                                           (130,000)
Total non-operating expense, net                      (2,809,000)

Loss before reorganization items
and income taxes                                    (19,277,000)
   Reorganization items                                2,689,000
   Income taxes                                                -
Net Loss                                            ($21,966,000)

           Unaudited Consolidated Statement of Cash Flow
                 For the period May 1 to 31, 2008

Cash flows from operating activities:
   Net Loss                                         ($21,966,000)

   Adjustments to reconcile net loss to
    net cash in operating activities:
      ESOP and stock option compensation expense         175,000
      Depreciation and amortization                    3,789,000
      Assets beyond economic repair                      148,000
      Mark to market gains on derivative contracts    23,151,000
      Gain on disposal of equipment
       and other assets, net                          (9,216,000)
      Loss on early extinguishment of debt               239,000

   Changes in operating assets and liabilities:
      Restricted investments                          (8,793,000)
      Receivables                                    (10,131,000)
      Security and other deposits                       (358,000)
      Prepaid expenses and other assets                 (431,000)
      Inventories                                     (4,517,000)
      Other assets                                    (3,134,000)
      Accounts payable                                18,248,000
      Air traffic liability                            8,753,000
      Other accrued expenses                          (6,299,000)
     Deferred revenue and other liabilities             (514,000)
Net cash used in operating activities                (10,856,000)

Cash flows from investing activities:
   Aircraft lease and purchase deposits applied          642,000
   Proceeds from the sale of property and assets
    held for sale                                     59,090,000
   Capital expenditures                                 (173,000)
Net cash provided by investing activities             59,559,000

Cash flows from financing activities:                           
   Extinguishment and principal payments on
    long term borrowings                             (38,433,000)
Net cash used in financing activities                (38,433,000)

Increase in cash and cash equivalents                 10,270,000
Cash and cash equivalents at beginning of period      99,788,000
Cash and cash equivalents at end of period          $110,058,000

                 About Frontier Airlines Inc.

Headquartered in Denver, Colorado, Frontier Airlines Inc. -- provide air transportation     
for passengers and freight.  They operate jet service carriers
linking their Denver, Colorado hub to 46 cities coast-to-coast,
8 cities in Mexico, and 1 city in Canada, well as provide
service from other non-hub cities, including service from 10
non-hub cities to Mexico.  As of May 18, 2007 they operated 59
jets, including 49 Airbus A319s and 10 Airbus A318s.

The Debtor and its debtor-affiliates filed for Chapter 11
protection on April 10, 2008, (Bankr. S.D. N.Y. Case No.: 08-
11297 thru 08-11299.)  Hugh R. McCullough, Esq., at Davis Polk &
Wardwell, represents the Debtors in their restructuring efforts.
Togul, Segal & Segal LLP is the Debtors' Conflicts Counsel, Faegre
& Benson LLP is the Debtors' Special Counsel, and Kekst and
Company is the Debtors' Communications Advisors.

The Debtors have until Aug. 8, 2008, to exclusively file a
chapter 11 plan.  (Frontier Airlines Bankruptcy News, Issue No.
12; Bankruptcy Creditors' Service, Inc., 215/945-7000)  

KITTY HAWK: Incurs $173,275 Net Loss in April 2008
Kitty Hawk Inc. had $42,040,000 in total assets, $2,114,091 in
total liabilities, and $39,925,909 in total stockholders'
equity as of April 30, 2008.

The Debtor generated zero revenues and incurred a net loss of
$173,275 for the month ended April 30, 2008.

A full-text copy of the Debtor's April 2008 monthly operating
report is available for free at:


                         About Kitty Hawk

Headquartered in Texas, Kitty Hawk Inc. (AMEX: KHK) -- 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,

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.  As of Aug. 31, 2007,
the Kitty Hawk's balance sheet showed total assets of $40 million
and total liabilities of $31 million.  The Court confirmed the
Debtors' second amended chapter 11 plan of liquidation on
June 23, 2008.

KITTY HAWK: KH Ground Files April 2008 Report
KH Ground Inc. had zero assets, $575 in total liabilities, and
$575 in total stockholders' deficit as of April 30, 2008.

The Debtor generated zero revenues and had no profits for the
month ended April 30, 2008.

A full-text copy of the Debtor's April 2008 monthly operating
report is available for free at:


                         About Kitty Hawk

Headquartered in Texas, Kitty Hawk Inc. (AMEX: KHK) -- 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,

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.  As of Aug. 31, 2007,
the Kitty Hawk's balance sheet showed total assets of $40 million
and total liabilities of $31 million.  The Court confirmed the
Debtors' second amended chapter 11 plan of liquidation on
June 23, 2008.

KITTY HAWK: Kitty Hawk Cargo Files April 2008 Report
Kitty Hawk Cargo Inc. had $68,901 in total assets, $23,567,662
in total liabilities, and $23,498,748 in total stockholders'
deficit as of April 30, 2008.

The Debtor generated negative net revenues of $4,606 and
incurred net profit of $1,738 for the month ended April 30,

A full-text copy of the Debtor's April 2008 monthly operating
report is available for free at:


                         About Kitty Hawk

Headquartered in Texas, Kitty Hawk Inc. (AMEX: KHK) -- 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,

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.  As of Aug. 31, 2007,
the Kitty Hawk's balance sheet showed total assets of $40 million
and total liabilities of $31 million.  The Court confirmed the
Debtors' second amended chapter 11 plan of liquidation on
June 23, 2008.

KITTY HAWK: Kitty Hawk AirCargo Files April 2008 Report
Kitty Hawk AirCargo Inc. had $8,590,124 in total assets,
$6,207,611 in total liabilities, and $2,382,513 in stockholders'
equity as of April 2008.

The Debtor generated zero revenues and incurred a net loss of
$115,532 for the month ended April 30, 2008.

A full-text copy of the Debtor's April 2008 monthly operating
report is available for free at:


                         About Kitty Hawk

Headquartered in Texas, Kitty Hawk Inc. (AMEX: KHK) -- 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,

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.  As of Aug. 31, 2007,
the Kitty Hawk's balance sheet showed total assets of $40 million
and total liabilities of $31 million.  The Court confirmed the
Debtors' second amended chapter 11 plan of liquidation on
June 23, 2008.

KITTY HAWK: Kitty Hawk Ground Files April 2008 Report
Kitty Hawk Ground Inc. had $2,035,250 in total assets,
$26,354,430 in total liabilities, and $24,319,180 in total
stockholders' deficit as of April 30, 2008.

The Debtor generated $2,963 in net revenues and incurred a net
profit of $44,802 for the month ended April 30, 2008.

A full-text copy of the Debtor's April 2008 monthly operating
report is available for free at:


                         About Kitty Hawk

Headquartered in Texas, Kitty Hawk Inc. (AMEX: KHK) -- 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,

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.  As of Aug. 31, 2007,
the Kitty Hawk's balance sheet showed total assets of $40 million
and total liabilities of $31 million.  The Court confirmed the
Debtors' second amended chapter 11 plan of liquidation on
June 23, 2008.

LEVITT AND SONS: Delivers May 2008 Monthly Operating Report

                      Levitt & Sons, LLC
            Monthly Financial Report for Business
               For the Period May 1 - 31, 2008

Cash, beginning of period                            $3,281,604

  Cash sales                                                  0
  Collection on postpetition A/R                              0
  Collection on prepetition A/R                               0
  Other receipts                                        118,339
Total receipts                                          118,339

Total cash available for operations                   3,399,943

  U.S. Trustee quarterly fees                                 0
  Net payroll                                             9,747  
  Payroll taxes paid                                      4,730
  Sales and use taxes                                         0
  Other taxes                                                 0
  Rent                                                        0
  Other leases                                                0
  Telephone                                                   0
  Utilities                                               1,921
  Travel & entertainment                                     26
  Vehicle expenses                                            0
  Office supplies                                             0
  Advertising                                                 0
  Insurance                                                   0
  Purchases of fixed assets                                   0
  Purchases of inventory                                      0
  Manufacturing supplies                                      0
  Repairs & maintenance                                       0
  Payments to secured creditors                               0
  Other operating expenses                            1,166,202
Total cash disbursements                              1,182,626
Ending Cash Balance                                  $2,217,318

                      About Levitt and Sons

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

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

The Debtors have filed a chapter 11 joint plan of liquidation.  
(Levitt and Sons Bankruptcy News, Issue No. 25; Bankruptcy
Creditors' Service Inc.;  

PRC LLC: Discloses May 2008 Net Loss of $4,398,000

                         PRC, LLC, ET AL.
                          Balance Sheet
                       As of May 31, 2008


Current Assets:
   Cash and cash equivalents                         $13,025,000
   Restricted cash                                     2,028,000
   Short-term investments                                      0
   Accounts receivable -- customers                   61,909,000
   Accounts receivable -- intercompany                         0
   Total inventories                                           0
   Prepaid & other current assets                      3,327,000
      Total current assets                            80,289,000
Total investments & other assets                       9,870,000
Goodwill & other intangible assets                   184,664,000
Property, plant and equipment, net                    40,184,000
Total Assets                                        $315,007,000


Liabilities Not Subject to Compromise:
   Senior Credit Facility                                      0
   DIP Credit Agreement                                        0
   Long-term debt classified as current                        0
   Accrued interest payable                                    0
   Accounts payable -- trade                          13,217,000
   Accounts payable -- intercompany                            0
   Other payables and accrued liabilities             12,178,000
   Deferred income taxes                                       0
   Pension and other liabilities                               0
   Total liabilities not subject to compromise        25,395,000
Liabilities Subject to Compromise:
   Senior Notes                                      180,850,000
   Revolver                                           10,500,000
   Deferred financing fees                                     0
   Accrued interest payable on Senior Notes            1,374,000
   Accounts payable                                   26,760,000
   Other payables and accrued liabilities              8,761,000
   Pension and other liabilities                               0
      Total liabilities subject to compromise        228,245,000
   Total Liabilities                                 253,640,000
Stockholders' Equity
   Equity of subsidiaries                                      0
   Common stock/initial capitalization               127,169,000
   Capital Surplus/Treasury Stock/APIC                11,355,000
   Retained earnings(deficit)                        (79,960,000)
   Minimum pension liability adjustment                        0
   Other adjustments                                    (580,000)
   Unearned compensation                               3,383,000
   Total Stockholders' Equity                         61,367,000
Total Liabilities & Stockholders' Equity            $315,007,000

                       PRC, LLC, ET AL.
                     Statement of Operations
            For the Period From May 1 to May 31, 2008

Total sales                                          $27,973,000
Cost of sales -- Direct                               19,716,000
Cost of sales -- Indirect                              5,823,000
   Gross profit                                        2,434,000
Selling and administrative expenses
   Selling and advertising expense                        44,000
   Warehousing and shipping                               82,000
   Division administrative expense                             0
   MIS expense                                           152,000
   Corporate administrative expense                    1,504,000
      Total Selling and administrative expense         1,782,000
Restructuring and impairment charge                            0
Goodwill impairment charge                                     0
Depreciation and amortization expense                  2,938,000
Loss from Operations                                  (2,286,000)
Interest expense
   Interest expense -- outside                         1,156,000
   Capitalized interest expense                                0
   Interest expense -- intercompany                            0
   Interest income                                             0
   Interest income -- intercompany                             0
Net interest expense                                   1,156,000
Other expense:
   Miscellaneous                                               0
   Royalties -- intercompany                                   0
   Transaction gain/loss                                       0
      Total other expense                                      0
Other income:
   Royalties -- intercompany                                   0
   Dividends                                                   0
   Sale of assets                                              0
   Miscellaneous                                               0
      Total other income                                       0
Net other expense                                              0
Loss before reorganization expenses and
income taxes(benefits) and extraordinary items        (3,442,000)

Reorganization expenses                                  956,000
Income taxes(benefits)

Loss before extraordinary item                        (4,398,000)
Extraordinary items                                            0
Net loss                                             ($4,398,000)

                       PRC, LLC, ET AL.
                     Statement of Cash Flows
            For the Period From May 1 to May 31, 2008

Cash flows from Operations:
   Net income(loss)                                  ($4,398,000)
   Non-cash items
    Depreciation and amortization expense              3,404,000
    Provision for bad debts                               53,000
    Loss on sale of fixed assets                          0
   Changes in Assets and Liabilities
    Decrease/(increase) -- accounts receivable
       (customers)                                     3,488,000
    Decrease/(increase) -- receivable (intercompany)           0
    Decrease/(increase) -- inventories                         0
    Decrease/(increase) -- other current assets          (21,000)
    Decrease/(increase) -- other noncurrent assets        45,000
    Increase/(decrease) -- accounts payable (trade)   (3,933,000)
    Increase/(decrease) -- accounts payable
       (intercompany)                                          0
    Increase/(decrease) -- accrued liabilities        (1,455,000)
    Increase/(decrease) -- accrued interest payable      696,000
    Increase/(decrease) -- pension and other
       liabilities                                             0
    Increase/(decrease) -- deferred federal
       income tax                                              0
Total Cash Flows from Operations                      (2,121,000)
Cash Flows from Investing:
   Decrease/(increase) -- short term investments               0
   Capital expenditures                                 (250,000)
   Transfers                                                   0
   Net proceeds from sale of assets                            0
Total Cash Flows from Investing                         (250,000)
Cash Flows from Financing:
   Payment on LT debt                                    (24,000)
   Increase/(decrease) -- DIP credit agreement         5,000,000
Total Cash Flows from Financing                        4,976,000

Beginning Cash Balance                                10,420,000
Change in Cash                                         2,605,000
Ending Cash Balance                                  $13,025,000

                           About PRC LLC

Founded in 1982 and based in Fort Lauderdale, Florida, PRC, LLC -- is a leading provider of customer      
management solutions.  PRC markets its services to brand-focused,
Fortune 500 U.S. corporations and delivers these services through
a global network of call centers in the U.S., Philippines, India,
and the Dominican Republic.

PRC is the sole member of each of PRC B2B, LLC, and Precision
Response of Pennsylvania, LLC, and the sole shareholder of Access
Direct Telemarketing, Inc., each of which is a debtor and debtor-
in-possession in PRC's joint Chapter 11 cases.

Panther/DCP Intermediate Holdings, LLC, is the sole member of

PRC, together with its operating subsidiaries PRC B2B, Access
Direct, and PRC PA, is a leading provider of complex,
consultative, outsourced services in the Customer Care and Sales
& Marketing segments of the business process outsourcing
industry.  Since 1982, the company has acquired and grown
customer relationships for some of the world's largest and most
brand-focused corporations in the financial services, media,
telecommunications, transportation, and retail industries.

The company and four of its affiliates filed for Chapter 11
protection on Jan. 23, 2008 (Bankr. S.D.N.Y. Lead Case No. 08-
10239).  Alfredo R. Perez, Esq., at Weil, Gotshal & Manges, LLP,
represents the Debtors in their restructuring efforts.  The
Debtors chose Stephen Dube, at CXO LLC, as their restructuring and
turnaround advisor.  Additionally, Evercore Group LLC provides
investment and financial counsel to the Debtors.

The Debtors' consolidated financial condition as of Dec. 31, 2007
showed total assets of $354,000,000 and total debts of

The Debtors' chapter 11 plan of reorganization submitted on
Feb. 12, 2008, was confirmed by the Court in mid-June 2008.  
The Debtors have emerged from bankruptcy on June 30, 2008.
(PRC LLC Bankruptcy News, Issue No. 17; Bankruptcy Creditors'
Service, Inc., 215/945-7000)

SHARPER IMAGE: Posts Net Loss of $9,889,159 in May 2008

                       Sharper Image Corp.
                          Balance Sheet
                       As of May 31, 2008


Current assets:
   Unrestricted Cash and Equivalents                $15,870,611
   Restricted Cash and Equivalents                            -
   Trade Accounts Receivable, net                     2,529,624
   Other Accounts Receivable                          1,488,819
   Notes Receivable                                           -
   Inventories                                        8,455,471
   Prepaid Expenses                                   3,626,743
   Professional Retainers                                     -
   Deferred Income Taxes/Prepaid Income Taxes        17,304,554
Total current assets                                 49,275,822

Property and Equipment:
   Real Property and Improvements                     2,926,573
   Machinery and Equipment                                    -
   Furniture, Fixtures and Office Equipment          87,448,230
   Leasehold Improvements                            28,358,334
   Vehicles                                                   -
   Work In Progress                                   3,074,377
   Less: Accumulated Depreciation                   (83,404,962)
Total Property and Equipment                         38,402,552

Other assets:
   Loans to Insiders                                          -
   Other Assets                                      14,330,790
Total Assets                                       $102,009,164


Liabilities not subject to Compromise (Post)
   Accounts Payable                                 ($1,705,086)
   Taxes Payable                                     (1,065,061)
   Wages Payable                                     (3,038,662)
   Notes Payable                                              -
   Rent/Leases- Building/Equipment                     (449,475)
   Secured Debt - Line of credit                    (31,718,997)
   Other Reserves                                             -
   Liquidation (GOB Sales) Clearing Account          13,307,943
   Amounts Due to Insiders                                    -
   Other Postpetition Liabilities                             -
Total Postpetition Liabilities                      (24,669,338)

Liabilities not subject to Compromise (Pre)
   Secured Debt - Line of credit                              -
   Secured Debt - other                              (6,696,579)
   Priority Debt                                              -
   Unsecured Debt (Accounts Payable)                (45,928,181)
   Expense Accruals and Other Liabilities           (12,286,584)
   Short Term Liabilities                            (3,554,215)
   Deferred (GAAP) rent/landlord allowances etc     (11,921,779)
   Deferred Tax (Liability)/Asset                    86,070,079
   Deferred Revenue (Gift cards and Royalties)      (35,774,807)
   Sales Returns/Chargebacks Reserves               (16,456,662)
Total Prepetition Liabilities                       (46,548,728)
Total Liabilities                                   (71,218,066)

Owner's Equity
   Capital Stock                                       (152,132)
   Additional Paid-In Capital                      (116,716,579)
   Deferred Stock Compensation
     and Stock Repurchase                               180,069
   Retained Earnings - Prepetition                   63,247,322
   Retained Earnings - Postpetition                  22,650,222
Net Owner's Equity                                  (30,791,098)
Total Liabilities and Owner's Equity              ($102,009,164)

                       Sharper Image Corp.
                     Statement of Operations
                  For Month Ended May 31, 2008


   Gross Revenues                                   $10,047,804
   Less: Returns and Allowances                       1,137,122
   Net Revenue                                        8,910,682

Cost of Goods Sold:
   Beginning Inventory                                        -
   Add: Purchases                                             -
   Add: Cost of Labor                                         -
   Add: Other Costs (attach schedule)                         -
   Less: Ending Inventory                                     -
   Cost of Goods Sold                                 5,021,568
   Gross Profit                                       3,889,114

Operating Expenses:
   Advertising                                          659,224
   Auto and Truck Expense                                     -
   Bad Debts                                             58,346
   Contributions                                              -
   Employee Benefit Programs                            (84,520)
   Insider Compensations                                      -
   Insurance                                            211,761
   Management Fees/Bonuses                              112,256
   Office Expense                                             -
   Pension & Profit-Sharing Plans                             -
   Repairs and Maintenance                               96,627
   Rent and Lease Expense                             3,400,020
   Salaries/Commissions/Fees                          2,240,926
   Supplies                                              24,810
   Taxes - Payroll                                      168,686
   Taxes - Real Estate                                        -
   Taxes - Other                                        144,966
   Travel and Entertainment                              77,408
   Utilities                                            174,071
   Other                                              1,338,812
   Total Operating Expense Before Depr.               8,623,393

   Depreciation/Depletion/Amortization                  924,918
   Net Profit (Loss)
     Before Other Income & Expenses                  (5,659,197)

Other Income and Expenses:
   Licensing Income                                     300,801
   Interest Expense                                    (292,055)
   Other Expense                                        (66,424)
   Net Profit (Loss)
     Before Reorganization Items                     (5,716,875)

Reorganization Items:
   Professional Fees                                  1,120,765
   US Trustee Quarterly Fees                                  -
   Interest Earned on Accm Case                               -
   Gain (Loss) from sale of assets                   15,519,013
   Other Reorganization Expense                      (6,302,826)
   Total Reorganization Expenses                     10,336,952
   Net Profit (Loss)
     Before Income Taxes (Benefit)                  (16,053,827)
   Income Taxes (Benefit)                            (6,164,668)
   Net Profit (Loss)                                ($9,889,159)

                       Sharper Image Corp.
                     Statement of Cash Flows
                  For Month Ended May 31, 2008

Opening Balance                                     ($1,009,275)

   Cash Sales (from stores)                           1,778,534
   Credit Card Settlements                           11,108,176
   Other Settlements                                    146,884
   Accounts Receivable                                1,303,776
   Sale of Assets                                       207,000
   Interest/Divided Income                                   77
   Mail Order/License Deposits, Other Deposits          197,633
   Total Receipts                                    14,742,080


   Line of Credit Draw/Pay Down                       1,068,180
   Transfers from stores to deposit a/c - sweep          12,744
   Transfers from concentration to refunds                    -
   Transfers from concentration to payroll                    -
   Other Inter-account transfers                              -
   Transfers from Concentration to Disbursement               -
   Total Transfers                                    1,080,924
   Total Receipts & Transfers                        15,823,004

   Liquidator Reimbursements                        (12,710,084)
   Net Payroll                                        3,618,302
   Payroll Taxes                                      1,512,920
   401k                                                  87,536
   Employee Benefits                                    364,314
   Sales, Use & Other Taxes                           1,511,615
   Inventory Purchases                                  415,167
   Secured/Rental/Leases                              2,014,504
   Insurance                                            125,683
   Administrative                                       770,250
   Selling                                                    -
   Bank/Credit Card Fees/Sales audit adjs                11,760
   Refund checks issued (net of stop payments)           59,254
   Other                                                      -
   Customs/Duties/Freight                             1,116,648
   Interest and LC fees                                       -
   Professional Fees                                     45,250
   US Trustee Quarterly Fees                                  -
   Court Costs                                                -
   Total Disbursements                               (1,056,881)
Net Cash Flow                                       $16,879,885

                     About Sharper Image

Based in San Francisco, California, Sharper Image Corp. -- is a multi-channel specialty
retailer.  It operates in three principal selling channels: the
Sharper Image specialty stores throughout the U.S., the Sharper
Image catalog and the Internet.  The company has operations in
Australia, Brazil and Mexico.  In addition, through its Brand
Licensing Division, it is also licensing the Sharper Image brand
to select third parties to allow them to sell Sharper Image
branded products in other channels of distribution.  

The company filed for Chapter 11 protection on Feb. 19, 2008
(Bankr. D.D., Case No. 08-10322).  Steven K. Kortanek, Esq. at
Womble, Carlyle, Sandridge & Rice, P.L.L.C. represents the
Debtor in its restructuring efforts.  An Official Committee of
UnsecuredCreditors has been appointed in the case.  Whiteford
Taylor Preston LLC is the Committee's Delaware counsel
When the Debtor filed for bankruptcy, it listed total assets of
US$251,500,000 and total debts of US$199,000,000.  

Judge Kevin Gross will convene a hearing on July 16, 2008,
a.m., to consider approval of the request of The Sharper Image
Corp. to extend its exclusive plan proposal period.

(Sharper Image Bankruptcy News, Issue No. 16; Bankruptcy
Creditors' Service, Inc.,        

TROPICANA ENTERTAINMENT: Earns $19,430,000 in Month Ended May 31

                 Tropicana Entertainment, LLC
                         Balance Sheet
                      As of May 31, 2007


Current Assets
  Accounts receivable - trade                                $0
  Cash & temporary cash investments                   4,645,000
  Deposits                                              359,000
  Inventories                                                 0
  Other receivables                                           0
  Prepaid expenses                                  (36,395,000)
Total Current Assets                                (31,391,000)

Property and Equipment
  Buildings                                                   0
  Construction in progress                                    0
  Furniture & fixtures                                        0
  Land                                                        0
  Riverboats, barges & ramps                                  0
  Vehicles                                                    0
Total Property and Equipment                                  0

Reserve for Depreciation
  Boats, barges & ramp reserve for depreciation               0
  Building reserve for depreciation                           0
  Furn. & fixtures reserve for depreciation                   0
  Gaming entertainment reserve for depreciation               0
  Vehicle reserve for depreciation                            0
Total Reserve for Depreciation                                0

Other Assets
  Investments                                     2,775,215,000
  Other assets                                       57,576,000
Total Other Assets                                2,832,791,000
TOTAL ASSETS                                     $2,801,400,000


Current Liabilities
  Accounts payable                                   $4,930,000
  Accrued other expenses                              2,138,000
  Accrued payroll                                      (406,000)
  Deferred income                                             0
  Payroll taxes payable                                       0
  Sales tax payable                                  (1,307,000)
Total Current Liabilities                             5,354,000

Other Liabilities
  Deferred fed taxes                                          0
  Deferred rent                                               0
  Deferred state inc taxes                                    0
  Intercompany                                        7,834,000
Total Other Liabilities                               7,834,000

Total Liabilities not Subject to Compromise          13,188,000

Liabilities Subject to Compromise
  Non-intercompany                                  902,948,000
  Intercompany                                    1,594,022,000
Total Liabilities Subject to Compromise           2,496,970,000
Total Liabilities                                 2,510,158,000

Total Stockholders' Equity                          291,242,000
Total Liabilities & Shareholders' Deficit        $2,801,400,000

                 Tropicana Entertainment, LLC
                       Income Statement
               For the Month Ended May 31, 2007

Operating Revenues
  Casino revenue                                             $0
  Rooms revenue                                               0
  Food & beverage revenue                                     0
  Other casino & hotel revenue - less int income              0
Less promotional allowances                                   0
Net Operating Revenues                                        0

Operating Expenses
  Casino operating expenses                                   0
  Rooms operating expenses                                    0
  Food and beverage operating expenses                        0
  Other casino and hotel operating expenses              22,000
  Utilities                                                   0
  Marketing, advertising and casino promotions                0
  Repairs and maintenance                                     0
  Insurance                                                   0
  Property and local taxes                                    0
  Gaming tax and licenses                                     0
  Administrative and general                            379,000
  Leased land and facilities                                  0
  Depreciation and amortization                               0
  Loss on disposition of assets                               0
  Bad debt expense - loans                                    0
  Impairment charge                                           0
  Restructuring cost                                  5,514,000
Total Operating Expense                               5,915,000

Income from Operations                               (5,915,000)

Other Income (Expense)
  Interest expense                                  (13,012,000)
  Intercompany interest income / (expense)             (498,000)
  Interest income                                        (5,000)
Total Other Income (Expense)                        (13,515,000)

Federal Income Tax                                            0

Income Before Minority Interest                     (19,430,000)
NET INCOME                                         ($19,430,000)

                   About Tropicana Entertainment

Based in Crestview Hills, Kentucky, Tropicana Entertainment LLC -- is an indirect subsidiary of  
Tropicana Casinos and Resorts. The company is one of the largest
privately-held gaming entertainment providers in the United
States. Tropicana Entertainment owns eleven casino properties in
eight distinct gaming markets with premier properties in Las
Vegas, Nevada and Atlantic City, New Jersey.

Tropicana Entertainment LLC filed for Chapter 11 protection on
May 5, 2008, (Bankr. D. Del. Case No. 08-10856) Its debtor-
affiliates filed for separate Chapter 11 petitions but with no
case numbers assigned yet. Kirkland & Ellis LLP represents the
Debtors in their restructuring efforts.  Their financial advisor
is Lazard Ltd.  Their notice, claims, and balloting agent is
Kurtzman Carson Consultants LLC.  The Debtor has until Sept. 2,
2008, to exclusively file a chapter 11 plan.

(Tropicana Bankruptcy News, Issue No. 10; Bankruptcy Creditors'
Service Inc., 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

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  Go to order any title today.

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

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


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Shimero R. Jainga, Ronald C. Sy, Joel Anthony G. Lopez,
Cecil R. Villacampa, Melanie C. Pador, Ludivino Q. Climaco, Jr.,
Loyda I. Nartatez, Tara Marie A. Martin, Philline P. Reluya,
Joseph Medel C. Martirez, Ma. Cristina I. Canson, Christopher G.
Patalinghug, 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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