TCR_Public/080712.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 12, 2008, Vol. 12, No. 165

                             Headlines

ASARCO LLC: Incurs $40,719,000 Net Loss in May 2008
BLUE WATER: Posts $1,014,269 Net Loss in Month Ended May 25
BLUE WATER: BWASP Files Operating Report for Month Ended May 25
BLUE WATER: BWPM Files Operating Report for Month Ended May 25
CATHOLIC CHURCH: Submits Monthly Operating Report for May 2008

GREEKTOWN CASINO: Files Schedules of Assets and Liabilities
GREEKTOWN CASINO: GC LLC Files Schedules of Assets and Debts
GREEKTOWN CASINO: Kewadin Files Schedules of Assets and Debts
GREEKTOWN CASINO: Monroe Files Schedules of Assets and Debts
KIMBALL HILL: 14 Affiliates File Schedules of Assets and Debts

KITTY HAWK: Incurs $1,277,044 Net Loss in May 2008
KITTY HAWK: KH Ground Files May 2008 Operating Report
KITTY HAWK: Kitty Haw AirCargo Files May 2008 Operating Report
KITTY HAWK: Kitty Hawk Cargo Files May 2008 Operating Report
KITTY HAWK: Kitty Hawk Ground Files May 2008 Operating Report

PROPEX INC: Incurs $21,900,000 Net Loss in June 2008
QUEBECOR WORLD: Posts $6,400,000 Net Loss in Month Ended Feb. 2
QUEBECOR WORLD: Posts $8,500,000 Net Loss in Month Ended March 1
PACIFIC LUMBER: Scotia Dev't Files May 2008 Operating Report
PACIFIC LUMBER: Scotia Pacific Files May 2008 Operating Report

TARPON INDUSTRIES: Incurs $284,473 Net Loss in May 2008
TARPON INDUSTRIES: Eugene Welding Submits May 2008 Report

                             *********

ASARCO LLC: Incurs $40,719,000 Net Loss in May 2008
---------------------------------------------------

                        ASARCO LLC, et al.
                           Balance Sheet
                        As of May 31, 2008
        
ASSETS
   Current Assets:
   Cash                                        $1,062,874,000
   Restricted Cash                                 25,584,000
   Accounts receivable, net                       187,978,000
   Inventory                                      300,199,000
   Prepaid expenses                                 4,751,000
   Other current assets                            22,212,000
                                               --------------
Total Current Assets                            1,603,598,000
   
Net property, plant and equipment                 508,314,000
Other Assets   
   Investments in subs                            104,714,000
   Advances to affiliates                             592,000
   Prepaid pension & retirement plan                        0
   Non-current deferred tax asset                  40,951,000
   Other                                           67,915,000
                                               --------------
Total assets                                   $2,326,084,000
                                               ==============
        
LIABILITIES
   Postpetition liabilities:
   Accounts payable                               $83,690,000
   Accrued liabilities                            638,087,000
   Debtor-in-possession financing                           0
                                               --------------
   Total postpetition liabilities                 721,777,000
   Prepetition liabilities:
   Not subject to compromise - credit               3,542,000
   Not subject to compromise - other               70,007,000
   Advances from affiliates                        24,686,000
   Subject to compromise                        1,722,470,000
                                               --------------
   Total prepetition liabilities                1,820,705,000
                                               --------------
   Total liabilities                           $2,542,480,000
                                               ==============
   OWNERS' EQUITY (DEFICIT)
   Common stock                                   508,324,000
   Additional paid-in capital                     104,578,000
   Other comprehensive income                    (208,883,000)
   Retained earnings: filing date              (1,663,410,000)
                                               --------------
   Total prepetition owners' equity            (1,259,391,000)
   Retained earnings: post-filing date          1,042,996,000
                                               --------------
   Total owners' equity (net worth)              (216,395,000)
        
   Total liabilities and owners' equity        $2,326,084,000
                                               ==============

                        ASARCO LLC, et al.
                 Consolidated Statement of Operations
                    Month Ended May 31, 2008
        
   Sales                                         $156,617,000
   Cost of products and services                   85,831,000
                                               --------------
   Gross profit                                    70,786,000
        
   Operating expenses:
   Selling and general & admin expenses             2,670,000
   Depreciation & amortization                      3,116,000
   Provision accretion expense of asset
   retirement obligation                              103,000
                                               --------------
   Operating income                                64,897,000
        
   Interest expense                                     2,000
   Interest income                                 (3,642,000)
   Reorganization expenses                          8,923,000
   Other miscellaneous (income) expenses           (7,413,000)
                                               --------------
   Income (loss) before taxes                      67,027,000
   Income taxes                                    26,308,000
                                               --------------
   Net income (loss)                              $40,719,000
                                               ==============
        
                         ASARCO LLC, et al.
             Consolidated Cash Receipts & Disbursements
                    Month Ended May 31, 2008
        
   Receipts                                       $170,301,000
   Disbursements:
   Inventory material                                5,190,000
   Operating disbursements                          58,467,000
   Capital expenditures                              6,854,000
                                                --------------
   Total disbursements                             70,511,,000
        
   Operating cash flow                              99,791,000
   Reorganization disbursements                      4,507,000
                                                --------------
   Net cash flow                                    95,284,000
   Net payments to secured Lenders                           0
                                                --------------
   Net change in cash                               95,284,000
   Beginning cash balance                          993,174,000
                                                --------------
   Ending cash balances                         $1,088,458,000
                                                ==============

                         About ASARCO LLC

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

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

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

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

ASARCO and its debtor-affiliates have until Aug. 1, 2008 to file a
plan of reorganization.  (ASARCO Bankruptcy News, Issue No. 76;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


BLUE WATER: Posts $1,014,269 Net Loss in Month Ended May 25
-----------------------------------------------------------

               Blue Water Automotive Systems, Inc.
                   Unaudited Balance Sheet
                     As of May 25, 2008

ASSETS:
Cash                                                 $2,771,341
Inventory                                            10,482,551
Accounts Receivable                                  46,241,518
Insider Receivables                                           -
Land and Buildings                                            -
Furniture, Fixtures & Equipment                      38,422,666
Accumulated Depreciation                            (11,559,869)
Other: Current Assets                                10,442,196
Other: Long Term Assets                                  61,251
                                                   ------------
TOTAL ASSETS                                        $96,861,654
                                                   ============
LIABILITIES:
Postpetition Liabilities:
Accounts Payable                                     $4,152,386
Rent and Lease Payable                                        -
Wages and Salaries                                      941,516
Taxes Payable                                         1,235,874
Other:                                                        -
                                                   ------------
     Total Postpetition Liabilities                   6,329,776

Secured Liabilities:
Subject to Postpetition Collateral or DIP Order
All Other Secured Liabilities                        50,505,409
                                                   ------------
     Total Secured Liabilities                       50,505,409

Prepetition Liabilities:
Taxes and Other Priority Liabilities                  2,174,588
Unsecured Liabilities:                               49,357,101
Other:                                                        -
                                                   ------------
     Total Prepetition Liabilities                   51,531,689

EQUITY:
Owners Capital                                       20,827,488
Retained Earnings - Prepetition                     (24,221,702)
Retained Earnings - Postpetition                     (8,111,006)

    Total Equity:                                   (11,505,220)
                                                   ------------
TOTAL LIABILITIES AND EQUITY                        $96,861,654
                                                   ============

               Blue Water Automotive Systems, Inc.
                  Unaudited Operating Statement
                    Month Ended May 25, 2008

Total Revenue/Sales                                  $8,625,654
Cost of Sales                                         5,939,717
                                                   ------------
    Gross Profit                                      2,685,937

Expenses:
Officer compensation                                     32,308
Salary Expenses other Employees                         559,231
Employee Benefits & Pensions                            119,219
Payroll Taxes                                            44,542
Other Taxes                                              87,387
Rent and Lease Expense                                  135,341
Interest Expense                                        263,014
Insurance                                                 7,842
Automobile and Truck Expense                             46,003
Utilities (gas, electric, phone)                         32,817
Depreciation                                             25,857
Travel and Entertainment                                 47,183
Repairs and Maintenance                                   6,695
Advertising                                                   -
Supplies, Office Expense, etc                            97,613
Other Specify: Legal                                     31,138
Other Specify: Misc                                    (113,441)
                                                   ------------
     Total Expenses                                   1,422,749
                                                   ------------
Net Operating Profit (Loss)                           1,263,188

Add: Non-Operating Income
        Interest Income                                       -
        Other Income                                          -

Less: Non Operating Expenses
         Professional Fees                            2,277,457
         Other                                                -
                                                   ------------
NET INCOME/(LOSS)                                   ($1,014,269)
                                                   ============

                  About Blue Water Automotive

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

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

Blue Water Automotive and four affiliates filed for chapter 11
bankruptcy protection Feb. 12, 2008, before the United States
Bankruptcy Court Eastern District of Michigan (Detroit) (Case
No. 08-43196).  Judy O'Neill, Esq., and Frank DiCastri, Esq., at
Foley & Lardner, LLP, serves as the Debtors' bankruptcy counsel.  
Administar Services Group LLC acts as the Debtors' claims,
noticing, and balloting agent.  Blue Water's bankruptcy petition
lists assets and liabilities each in the range of $100 million
to $500 million.

The Debtors filed their Liquidation Plan on May 9, 2008.  The Plan
contemplates a sale of substantially all of the Debtors' assets
and equity interests, except for a piece of real property located
at Yankee Road, in St. Clair, Michigan, on or before June 30,
2008.  The Court will hold a hearing June 16, 2008, to consider
confirmation of the Plan.  (Blue Water Automotive Bankruptcy News,
Issue No. 22, Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


BLUE WATER: BWASP Files Operating Report for Month Ended May 25
---------------------------------------------------------------

          Blue Water Automotive Systems Properties L.L.C.
                    Unaudited Balance Sheet
                      As of May 25, 2008

ASSETS:
Cash                                                   $223,173
Inventory                                                     -
Accounts Receivable                                           -
Insider Receivables                                           -
Land and Buildings                                   27,459,896
Furniture, Fixtures & Equipment                               -
Accumulated Depreciation                             (3,140,059)
Other: Current Assets                                   464,250
Other: Long Term Assets                                       -
                                                   ------------
TOTAL ASSETS                                        $25,007,260
                                                   ============
LIABILITIES:
Postpetition Liabilities:
Accounts Payable                                              -
Rent and Lease Payable                                        -
Wages and Salaries                                            -
Taxes Payable                                                 -
Other:                                                  413,541
                                                   ------------
     Total Postpetition Liabilities                     413,541

Secured Liabilities:
Subject to Postpetition Collateral or DIP Order
All Other Secured Liabilities                        14,776,790
                                                   ------------
     Total Secured Liabilities                       14,776,790

Prepetition Liabilities:
Taxes and Other Priority Liabilities                          -
Unsecured Liabilities:                                        -
Other:                                               11,945,925
                                                   ------------
     Total Prepetition Liabilities                   11,945,925

EQUITY:
Owners Capital                                                -
Retained Earnings - Prepetition                      (1,678,107)
Retained Earnings - Postpetition                       (450,889)

    Total Equity:                                    (2,128,996)
                                                   ------------
TOTAL LIABILITIES AND EQUITY                        $25,007,260
                                                   ============

        Blue Water Automotive Systems Properties L.L.C.
                Unaudited Operating Statement
                  Month Ended May 25, 2008

Total Revenue/Sales                                          $0
Cost of Sales                                           104,696
                                                   ------------
    Gross Profit                                       (104,696)

Expenses:                                                     -
Officer compensation                                          -
Salary Expenses other Employees                               -
Employee Benefits & Pensions                                  -
Payroll Taxes                                                 -
Other Taxes                                                   -
Rent and Lease Expense                                        -
Interest Expense                                        109,004
Insurance                                                     -
Automobile and Truck Expense                                  -
Utilities (gas, electric, phone)                              -
Depreciation                                                  -
Travel and Entertainment                                      -
Repairs and Maintenance                                       -
Advertising                                                   -
Supplies, Office Expense, etc.                                -
Other Specify: Legal                                          -
Other Specify: Misc                                           -
                                                   ------------
     Total Expenses                                    109,0004
                                                   ------------
Net Operating Profit (Loss)                            (213,700)

Add: Non-Operating Income
        Interest Income                                       -
        Other Income                                    133,719

Less: Non Operating Expenses
         Professional Fees                                    -
         Other                                                -
                                                   ------------
NET INCOME/(LOSS)                                      ($79,981)
                                                   ============

                  About Blue Water Automotive

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

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

Blue Water Automotive and four affiliates filed for chapter 11
bankruptcy protection Feb. 12, 2008, before the United States
Bankruptcy Court Eastern District of Michigan (Detroit) (Case
No. 08-43196).  Judy O'Neill, Esq., and Frank DiCastri, Esq., at
Foley & Lardner, LLP, serves as the Debtors' bankruptcy counsel.  
Administar Services Group LLC acts as the Debtors' claims,
noticing, and balloting agent.  Blue Water's bankruptcy petition
lists assets and liabilities each in the range of $100 million
to $500 million.

The Debtors filed their Liquidation Plan on May 9, 2008.  The Plan
contemplates a sale of substantially all of the Debtors' assets
and equity interests, except for a piece of real property located
at Yankee Road, in St. Clair, Michigan, on or before June 30,
2008.  The Court will hold a hearing June 16, 2008, to consider
confirmation of the Plan.  (Blue Water Automotive Bankruptcy News,
Issue No. 22, Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


BLUE WATER: BWPM Files Operating Report for Month Ended May 25
--------------------------------------------------------------

                Blue Water Plastics Mexico Ltd.
                    Unaudited Balance Sheet
                       As of May 25, 2008

ASSETS:
Cash                                                          -
Inventory                                                     -
Accounts Receivable                                        ($25)
Insider Receivables                                           -
Land and Buildings                                            -
Furniture, Fixtures & Equipment                               -
Accumulated Depreciation                                      -
Other: Current Assets                                 1,640,857
Other: Long Term Assets                                       -
                                                   ------------
TOTAL ASSETS                                         $1,640,832
                                                   ============
LIABILITIES:
Postpetition Liabilities:
Accounts Payable                                              -
Rent and Lease Payable                                        -
Wages and Salaries                                            -
Taxes Payable                                                 -
Other:                                                        -
                                                   ------------
     Total Postpetition Liabilities                           -

Secured Liabilities:
Subject to Postpetition Collateral or DIP Order               -
All Other Secured Liabilities                                 -
                                                   ------------
     Total Secured Liabilities                                -

Prepetition Liabilities:
Taxes and Other Priority Liabilities                          -
Unsecured Liabilities:                                        -
Other:                                                        -
                                                   ------------
     Total Prepetition Liabilities                            -

EQUITY:
Owners Capital                                        2,110,000
Retained Earnings - Prepetition                        (469,168)
Retained Earnings - Postpetition                              -

    Total Equity:                                     1,640,832
                                                   ------------
TOTAL LIABILITIES AND EQUITY                         $1,640,832
                                                   ============

Blue Water Plastics Mexico, Ltd., B.W.A.S. Mexico, L.L.C. and
B.W.A.S.Holdings, Inc., all posted $0 in revenues, assets and
liabilities.

                  About Blue Water Automotive

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

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

Blue Water Automotive and four affiliates filed for chapter 11
bankruptcy protection Feb. 12, 2008, before the United States
Bankruptcy Court Eastern District of Michigan (Detroit) (Case
No. 08-43196).  Judy O'Neill, Esq., and Frank DiCastri, Esq., at
Foley & Lardner, LLP, serves as the Debtors' bankruptcy counsel.  
Administar Services Group LLC acts as the Debtors' claims,
noticing, and balloting agent.  Blue Water's bankruptcy petition
lists assets and liabilities each in the range of $100 million
to $500 million.

The Debtors filed their Liquidation Plan on May 9, 2008.  The Plan
contemplates a sale of substantially all of the Debtors' assets
and equity interests, except for a piece of real property located
at Yankee Road, in St. Clair, Michigan, on or before June 30,
2008.  The Court will hold a hearing June 16, 2008, to consider
confirmation of the Plan.  (Blue Water Automotive Bankruptcy News,
Issue No. 22, Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


CATHOLIC CHURCH: Submits Monthly Operating Report for May 2008
--------------------------------------------------------------

               Catholic Bishop of Northern Alaska
                 Statement of Financial Position
                       As of May 31, 2008

                                               CBNA     Held for
ASSETS                                        Total      Others
                                              -----     --------
Cash and cash equivalents                  $254,353     $129,547
Investments:
   Valuables in safe                            168            -
   Trust account @ market                 1,869,474            -
   457 Plan assets @ market                       -      197,828
   Endowment Fund @ market                        -    4,927,020
   Endowment Fund-earnings @ market         591,318            -
   Stocks                                       508            -
   Limited partnerships                     261,324            -
Accounts receivable, net of allowance:
   Tuition, fees and others                 111,779            -
   For parishes and school                   47,092            -
   Other                                      3,718            -
Notes and other receivables                  71,608            -
Grants pledged                              125,000            -
Fixed assets, net at cost:
   Land and building                      8,057,814            -
   Aircraft                                 340,726            -
   Equipment                                      -            -
Other assets                                 86,936            -
                                         ----------   ----------
   Total Assets                         $11,821,823  $15,254,396

LIABILITIES AND NET ASSETS

Liabilities:
Accounts payable/accrued liabilities       $354,897           $0
Notes payable                               216,966            -
Benefits payable                            102,695            -
Deferred revenue                            105,925            -
Annuities payable                           201,169            -
Other liabilities                            20,000            -
Payroll-related liabilities:
   Payroll taxes                             53,782            -
   General vacation accrual account          16,339            -
   Accrued leave                            266,323            -
Insurance:
   Long term disability                         384            -
   Insurance deposits A/R                   126,846            -
   Insurance reserves expense                36,767            -
   Indemnity insurance reserves                 101            -
   Medical/Dental payroll deduction         228,939            -


Teacher scholarships                              -            -
CBNA building loan                                -            -
                                         ----------   ----------
   Total Liabilities                      1,731,139            -
                                         ----------   ----------
   Total net assets                      10,090,684   15,254,396
                                         ----------   ----------
   Total Liabilities and Net Assets     $11,821,823  $15,254,396
                                         ==========   ==========

               Catholic Bishop of Northern Alaska
                     Statement of Activities
                For the month ending May 31, 2008

                                               CBNA     Held for
                                              Total      Others
Support and revenue:                          -----     --------
   Parish assessments                       $13,549            -
   Tuition, net of tuition assistance       160,045            -
   Curricular income                          1,413            -
   Donations                                355,491       $9,284
   Investment income                        246,789       38,267
   Other income                              18,778            -
                                         ----------   ----------
   Total support and revenue                796,068       47,551

Expenses:
   Operating expenses                        79,019            -
   Supplies                                  18,391            -
   Repair & Maintenance                       4,230            -
   Utilities                                 30,209            -
   Insurance                                  9,878            -
   Staff Expenses:
      Salaries & Wages                      371,313            -
      Payroll Taxes                          25,192            -
      Employee Benefits                      93,015            -
      Staff Development/Misc.                 5,813            -
   Curricular Expenses                        4,171            -
   Recruiting, advertising and PRs            2,533            -
   Travel Expenses                           19,583            -
   Student related expenses                   2,496            -
   Contributions                                  -            -
   Professional and technical fees            7,320            -
   Investment services                        9,232            -
   Subsidies                                101,166            -
   Rental/Lease Expense                      39,329            -
   Assessments                                1,252            -
   Fund Raising Expense                         287            -
   Radio Programming Expense                  1,485            -
   Radio Technical Dept. Expenses             6,302            -
   Miscellaneous Expense                      2,690            -
                                         ----------   ----------
   Total General                            834,916            -

   Funds released from restricted funds           -            -
   Net change in designated funds                 -            -
                                         ----------   ----------
   Total Expenses                           834,916            -
                                         ----------   ----------
Increase (decrease) in net assets           (38,848)      47,551
                                         ----------   ----------

Re-organizational costs                    (170,526)           -
                                         ----------   ----------
Increase (decrease) in net assets          (209,375)           -
after Re-org costs

Net assets:
   Beginning of month                    10,300,059   15,206,844
                                         ----------   ----------
   End of month                         $10,090,684  $15,254,396
                                         ==========   ==========

               Catholic Bishop of Northern Alaska
                 Cash Receipts and Disbursements
                For the month ending May 31, 2008

                                               CBNA     Held for
                                              Total      Others
                                              -----     --------
Beginning balance - February 2008          $409,155      $77,681

Total receipts - prior gen. account
   reports                                1,768,766      297,179
Less total disbursements                  1,862,763      222,387
                                         ----------   ----------
Beginning balance - April 30, 2008          315,158      152,473

Receipts during current period:
   Transfers from KNOM-WF checking                -            -
   Transfer from CBNA to CSF-donations       21,882            -
   Funds collected from others                    -       18,008
   Transfers between internal accounts       73,077            -
   Accounts receivable - pre-filing           1,186            -
   Accounts receivable - post filing        250,888            -
   Transfers from investments to CBNA       110,000            -
   Custodial funds                                -       64,956
   Funds received by CBNA from KNOM          57,982            -
   Funds received from Catholic Schools      35,107            -
   Annual Catholic Schools Appeal             1,393            -
   Interest & dividends                         438            -
   Donations                                315,871            -
   Payment refund/return                     10,000            -
   Weather service income                       150            -
   Restricted funds                          45,082            -
   Other income/fees                          2,492            -
   Co-curricular income                       3,008            -
   Curricular income                            488            -
   Parish assessments                        13,549            -
   Miscellaneous                              4,999            -
                                         ----------   ----------
   Total receipts this period               947,599       82,964
                                         ----------   ----------
Balance                                   1,262,758      235,438

Less total disbursements:
   Transfers from KNOM to CBNA               57,982            -
   Transfers to Catholic Schools             21,882            -
   Transfers to CBNA from CSF                35,107            -
   Transfers between internal accounts       73,077            -
   Custodial funds                                -        6,978
   Co-curricular expense                        561            -
   Curricular expense                         3,418            -
   Funds disbursed for others                     -       98,913
   Bank fees and charges                      2,568            -
   Wages & salaries                         391,456            -
   Employee benefits                         87,883            -
   Mission & program support                102,418            -
   Equipment & supplies                      22,934            -
   Telephone/Internet                         1,706            -
   Staff development                            150            -
   Utilities                                 25,181            -
   Advertising/Recruiting                     6,816            -
   Services & insurance                      84,388            -
   Dues/fees                                    502            -
   Volunteer expense                          1,346            -
   Maintenance/repairs                       17,269            -
   Office & other supplies                    2,645            -
   Miscellaneous                             10,289            -
   Scholarships-donations-financial aid           -            -
   Travel                                    16,955            -
   NSF's                                        497            -
   Postage                                   38,375            -
   Professional fees                            296            -
   News service                               1,479            -
   Taxes                                          -            -
   U.S. Trustee fees                          1,214            -
                                         ----------   ----------
   Total disbursements this period        1,008,405      105,891
                                         ----------   ----------
Ending balance - May 31, 2008              $254,353     $129,547
                                         ==========   ==========

                    About Diocese of Fairbanks

The Roman Catholic Diocese of Fairbanks in Alaska, aka Catholic
Bishop of Northern Alaska, aka Catholic Diocese of Fairbanks, aka
The Diocese of Fairbanks, aka CBNA -- http://www.cbna.info/--   
filed for chapter 11 bankruptcy on March 1, 2008 (Bankr. D. Alaska
Case No. 08-00110).  Susan G. Boswell, Esq., at Quarles & Brady
LLP represents the Debtor in its restructuring efforts.  Michael
R. Mills, Esq., of Dorsey & Whitney LLP serves as the Debtor's
local counsel and Cook, Schuhmann & Groseclose Inc. as its special
counsel.  Judge Donald MacDonald, IV, of the United States
Bankruptcy Court for the District of Alaska presides over
Fairbanks' Chapter 11 case.  The Debtor's schedules show total
assets of $13,316,864 and total liabilities of $1,838,719.

The church's plans to file its bankruptcy plan and disclosure
statement on July 15, 2008.  Its exclusive plan filing period
expires on Jan. 15, 2009.  (Catholic Church Bankruptcy News,
Issue No. 128; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


GREEKTOWN CASINO: Files Schedules of Assets and Liabilities
-----------------------------------------------------------
Greektown Holdings LLC submitted its schedules of assets and
liabilities, disclosing:

A.   Real Property                                          $0

B.   Personal Property
B.13 Stock & Interests
       Investments in Greektown Casino, LLC, and
       Greektown Holdings II, LLC                  130,031,835
B.16 Accounts Receivable
       Greektown Casino, LLC, proceeds
       of Merrill Lynch loan                       264,572,021
       Greektown Casino, LLC, advance
       related to the SWAPS Agreement                2,092,586
B.23 Licenses & franchises                                      
       Capitalized financing fees                    3,171,808

     TOTAL SCHEDULED ASSETS                       $399,868,250
     =========================================================

C.   Property Claimed as Exempt                           None

D.   Creditors Holding Secured Claims
       Merrill Lynch Capital Corporation          
         As Agent for Prepetition Secured Parties
         (All Assets)                              264,572,021
       Merrill Lynch Capital Corporation          
         As Agent for Prepetition Secured Parties
         (Interest)                                  2,108,079

E.   Creditors Holding Unsecured Priority Claims          None

F.   Creditors Holding Unsecured Non-priority Claims
       Bowne                                           104,025
       Deutsche Bank Trust Company                 194,943,750
       Ernst & Young                                   360,471
       Honigman Miller Schwartz and Cohn, LLP          592,793
       KPMG                                             29,599
       Wachovia - SWAP Agreements                    9,270,000
       Wells Fargo - SWAP Agreements                 2,750,057

     TOTAL SCHEDULED LIABILITIES                  $474,730,794
     =========================================================

                      About Greektown Casino

Based in Detroit, Michigan, Greektown Holdings, LLC and its
affiliates -- http://www.greektowncasino.com/-- operate world-
class casino gaming facilities located in Detroit's historic
Greektown district featuring over 75,000 square feet of casino
gaming space with more than 2,400 slot machines, over 70 tables
games, a 12,500-square foot salon dedicated to high limit gaming
and the largest live poker room in the metropolitan Detroit gaming
market.

Greektown Casino employs approximately 1,971 employees, and
estimates that it attracts over 15,800 patrons each day, many of
whom make regular visits to its casino complex and related
properties.  In 2007, Greektown Casino achieved a 25.6% market
share of the metropolitan Detroit gaming market.  Greektown Casino
has also been rated as the "Best Casino in Michigan" and "Best
Casino in Detroit" numerous times in annual readers' polls in
Detroit's two largest newspapers.

The company and seven of its affiliates filed for Chapter 11
protection on May 29, 2008 (Bankr. E.D. Mich. Lead Case No. 08-
53104).  Daniel J. Weiner, Esq., Michael E. Baum, Esq., and Ryan
D. Heilman, Esq., at Schafer and Weiner PLLC, represent the
Debtors in their restructuring efforts.  Judy B. Calton, Esq., at
Honigman Miller Schwartz and Cohn LLP, represents the Debtors as
their special counsel.  The Debtors chose Conway MacKenzie &
Dunleavy as their financial advisor, and Kurtzman Carson
Consultants LLC serves as the Debtors' claims, noticing, and
balloting agent.  When the Debtor filed for protection from its
creditors, it listed consolidated estimated assets and debts of
$100 million to $500 million.  (Greektown Casino Bankruptcy
News, Issue No. 7; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


GREEKTOWN CASINO: GC LLC Files Schedules of Assets and Debts
------------------------------------------------------------
Greektown Casino LLC, debtor-affiliate of Greektown Holdings
LLC, submitted its schedules of assets and liabilities,
disclosing:

A.   Real Property   
       Monroe Ave. Parking Land                     $2,075,559
       Park Lot                                        756,550
       Land-Corrado Prop (Gap Building)              2,730,000
       Land-Firehouse (Casino Property)              3,055,950
       Land-Demolition                                 110,444
       Land-Beaubien                                   486,947
       Gratiot Lot                                  36,411,705
       419 E. Fort Joseph (Valet Garage Land)        1,830,250
       439 E. Fort Joseph (Valet Garage Land)        2,597,258
       455 E. Fort Rice/Hart (Valet Garage Land)     5,281,146
       Impt.-Trappers Alley                            200,000
       New Garage and Hotel at 1200 St. Antoine,
       Detroit, MI 48226                            43,273,861
       Parking Garage at 1001 Brush Structure       11,936,947
       Parking Garage at 1200 St. Antoine
        New Garage                                  45,294,670
       Fort Street Garage                           10,751,669
       Temporary Casino                             82,313,062
       Construction in Progress                    149,549,646
B.   Personal Property
B.1  Cash on hand                                            
       Casino cage                                  14,050,369
B.2  Financial Accounts                                      
       National City – Dealer Tip Account               57,888
       National City – Cage Account                  3,053,925
       National City – Global Cash Account             374,697
       Fifth Third Bank – Money Market Savings          57,542
       Zurich CD                                       509,452
       Insurance Deposit for Permanent Casino        2,751,967
       First Independence – Casino Surety Bond         500,000
       Zurich North America – Workman's Group           48,000
B.3  Security Deposits                                       0
B.4  Household Goods and Furnishings                         0
B.5  Books, pictures and other art objects                   0
B.6  Wearing apparel                                         0
B.7  Furs and jewelry                                        0
B.8  Firearms, sports and other hobby equipment              0
B.9  Interests in insurance policies                         0
B.10 Annuities                                               0
B.11 Interests in education IRA                              0
B.12 Interest in pension or profit sharing plans             0
B.13 Stock & Interests                                 
       Realty Equity Company, Inc.                     Unknown     
       Trappers GC Partner, LLC                        Unknown
       Contract Builders Corporation                   Unknown
B.14 Interests in partnerships or joint ventures             0
B.15 Gov't. & corporate bonds, etc.                          0
B.16 Accounts Receivable
       Credit/Marker                                 6,337,314
       NSF                                              61,485
       Credit Cards                                     15,279
       ATM's                                           227,854
       Tenant Rent                                     182,725
       AR – Others                                     297,619
       Monroe Partners, LLC                            298,264
       Jim Pappas                                    2,300,000      
B.17 Alimony & property settlements                          0
B.18 Liquidated debts owed to debtor                         0
B.19 Other equitable interests                               0
B.20 Contingent and noncontingent interests                  0
B.21 Contingent and unliquidated claims                      
       Sales & Use Tax Refund                          516,809
B.22 Intellectual property                                   0
      Trademarks:                                      
       Greektown Casino (3/21/00)                      Unknown
       Let the Part Begin at Greektown (9/30/08)       Unknown
       Grapevine Cafe (9/30/05)                        Unknown
       The Alley Grill Steakhouse (9/30/05)            Unknown
       The Olive Room (9/30/05)                        Unknown
       Greektown Casino & Design (9/30/05)             Unknown
       Domain name: greektowncasino.com                Unknown
B.23 Licenses & franchises                                      
       Casino Development Rights                   128,808,424
       Casino Gaming License                           Unknown
       Capitalized financing fees                   14,246,224
B.24 Lists containing personally identifiable data           0
B.25 Vehicles & accessories
       2001 Ford F250                                   27,382
       2001 Ford F350                                   30,000
       2005 Dodge Caravan                               18,927
       2005 Ford Escape                                 23,322
       2008 Ford Ranger                                 15,662
B.26 Boats, motors & accessories                             0
B.27 Aircraft & accessories                                  0
B.28 Office equipment, furnishings, supplies                 0
B.29 Machinery, supplies, equipment, supplies
       Other Transportation                             57,377
       Furniture & Fixture                           2,715,750
       Slot Machines                                16,929,074
       Other Property                                1,918,055
       Casino Marketplace                            1,392,368
       AA Consulting                                   416,053
       JD Edwards                                      215,980
       AA Consulting-JDE                               772,496
       DSI-AS4000 Upgrade                              477,675
       Kronos Time & Attend                            112,557
       Network                                         583,215
       Food Service Equipment                        1,873,651
       Genie Lifts                                      78,257
       One ton Pickup van                               79,570
       Miscellaneous Engineering Equipment              53,256
       Office Equipment, P.C.                          272,374
       Bar System                                      200,755
       Beng Liquor Dispenser                            66,297
       Pealick Beer System                             100,662
       Cabling                                       1,209,316
       Ameritech                                        90,426
       Wardrobe Equipment                               87,594
       White Conveyor System                            81,012
       Infogenesis Software                            358,438
       Inventory Software                               55,573
       PBX Equipment                                   452,533
       Paging System                                   205,556
       BTV Sound System                                338,442
       Slot Club Equipment                              86,609
       Slot Machine Stands                           5,717,701   
       Slot Systems-Bally's                          3,135,229   
       Wiring                                           52,740
       Stand Alone Signage                             346,918
       Tokens                                          836,822
       Change, Carts, Cabinets                          83,080
       Roulette Tables                                 199,480
       Blackjack Tables                                 72,761
       Chips                                           390,343
       Pit Stands                                       79,194
       Tables Miscellaneous                            264,451
       Moslers (2), currency                           272,437
       Conveyors (2)                                    89,747
       Wrappers                                        288,499
       Carts                                            56,739
       Wrappers (10)                                   113,155
       Jet Sorts (2)                                   200,956
       Miscellaneous                                   535,120
       Surveillance Equipment                        3,399,312
       Arts & Accessories                              277,872
       Flooring                                        756,054
       Furniture                                     3,536,157
       Lighting                                        285,927
       Office Systems                                  191,733
       Wall Coverings                                   66,974
       Tables - Miscellaneous                          222,653
       Tables - Poker Shufflers                         63,466
       Slots - Machines                              5,678,011
       Slots - Signage                                  54,683
       Cage & Count Rooms                              147,247
       Entertainment - Equipment                       144,877
       Food & Beverage Equipment                       199,760
       EVS                                             117,527
       MIS - PC                                        910,842
       MIS -Server Replenish                           278,334
       MIS - E-Promo/E-Coupon                           63,089
       MIS - Kiosks                                  1,024,063
       MIS - Software Upgrade                          996,634
       MIS - AS 400 upgrade                            963,605
       MIS - Wireless Initiative                     1,141,808
       MIS - Mariposa                                   97,880
       Miscellaneous                                 2,299,612
       Others                                        4,844,462
B.30 Inventory
       Food                                             48,204
       Beverage                                         72,988
       Clothing                                        301,232
       Cleaning Supplies                                24,271
B.31 Animals                                                 0
B.32 Crops                                                   0
B.33 Farming equipment & implements                          0
B.34 Farm supplies, chemicals & feed                         0
B.35 Other personal property
       Wraparound Mortgage dated April 30, 2001,
       executed by Trappers GC Partners, LLC, and
       assigned to Trappers Alley Ltd. Partnership     Unknown

     TOTAL SCHEDULED ASSETS                       $646,694,365
     =========================================================

C.   Property Claimed as Exempt                           None

D.   Creditors Holding Secured Claims   
       Hnedak Bobo Group                               386,323
       Jenkins/Skanska LLC                          43,357,096
       Merrill Lynch Capital Corporation           264,572,021
       U.S. Bank Trustee for EDC Bondholders        49,972,000

E.   Creditors Holding Unsecured
       Nonpriority Claims                                    0

F.   Creditors Holding Unsecured Priority Claims   
       Agilysys NV LLC                                  71,295
       American Mailers                                 87,983
       Bally Gaming                                    987,873
       Bates Associates                              2,201,000
       The Berline Group                               023,757
       Bluewater Technologies                          158,710
       Certifi A Gift Co.                               58,550
       Cisco Systems, Inc.                             504,343
       Contract Builders                               120,000
       Dell Services Sales                              87,264
       Deloitte & Touche                                54,031
       Detroit Edison                                  250,509
       DOI (Detroit Office Interiors)                   51,702
       Ernst & Young                                    80,000
       Fairway Packing                                 284,856
       Global Payments                                 183,906
       Greektown Holdings, LLC                     264,572,021
       Greektown Holdings, LLC                       2,092,586
       Hnedak Bobo Group                               174,315
       Honigman Miller Schwartz & Cohn LLP             592,793
       International Game Technology                 2,911,845
       KPMG                                             68,800
       Lac Vieux Desert Band of Lake                23,000,000   
       M-Limousines                                     95,122       
       Miller Parking Company LLC                       77,931   
       MLS Signs                                        51,408
       NRT Technology Corporation                      299,791
       Oracle USA, Inc.                                 75,793
       Otis Elevator Company                            51,136
       Place of Auburn Hills, The                       58,184
       Precision Food Distribution LLC                  86,253
       Premier Services Group, LLC                     519,489
       Purchasing Management International LP        2,285,467
       Renaissance Man Food Service LLC                120,327
       Sault Sainte Marie Tribe of Chippewa Ind        550,000
       Sault Sainte Tribe MIS Department               128,797
       Security by Design, Inc.                        328,400
       Tiffany's Building Services, Inc.               153,393
       Unique Linen Service, Inc.                       59,142
       Wing Construction Inc.                           58,752
       WMS Gaming Inc.                                 179,847
       Others                                        1,464,262
          
     TOTAL SCHEDULED LIABILITIES                  $664,549,068
     =========================================================

                      About Greektown Casino

Based in Detroit, Michigan, Greektown Holdings, LLC and its
affiliates -- http://www.greektowncasino.com/-- operate world-
class casino gaming facilities located in Detroit's historic
Greektown district featuring over 75,000 square feet of casino
gaming space with more than 2,400 slot machines, over 70 tables
games, a 12,500-square foot salon dedicated to high limit gaming
and the largest live poker room in the metropolitan Detroit gaming
market.

Greektown Casino employs approximately 1,971 employees, and
estimates that it attracts over 15,800 patrons each day, many of
whom make regular visits to its casino complex and related
properties.  In 2007, Greektown Casino achieved a 25.6% market
share of the metropolitan Detroit gaming market.  Greektown Casino
has also been rated as the "Best Casino in Michigan" and "Best
Casino in Detroit" numerous times in annual readers' polls in
Detroit's two largest newspapers.

The company and seven of its affiliates filed for Chapter 11
protection on May 29, 2008 (Bankr. E.D. Mich. Lead Case No. 08-
53104).  Daniel J. Weiner, Esq., Michael E. Baum, Esq., and Ryan
D. Heilman, Esq., at Schafer and Weiner PLLC, represent the
Debtors in their restructuring efforts.  Judy B. Calton, Esq., at
Honigman Miller Schwartz and Cohn LLP, represents the Debtors as
their special counsel.  The Debtors chose Conway MacKenzie &
Dunleavy as their financial advisor, and Kurtzman Carson
Consultants LLC serves as the Debtors' claims, noticing, and
balloting agent.  When the Debtor filed for protection from its
creditors, it listed consolidated estimated assets and debts of
$100 million to $500 million.  (Greektown Casino Bankruptcy
News, Issue No. 7; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


GREEKTOWN CASINO: Kewadin Files Schedules of Assets and Debts
-------------------------------------------------------------
Kewadin Greektown Casino LLC, debtor-affiliate of Greektown
Holdings LLC submitted its schedules of assets and liabilities,
disclosing:

A.   Real Property                                        None

B.   Personal Property
B.2  Financial Accounts                                      
       National City Bank                               $3,070
B.13 Stock & Interests                                 
       50% interest in Greektown Holdings, LLC         Unknown
       97.1875% interest in Monroe Partners, LLC     3,137,969
B.23 Licenses & franchises                                      
       Goodwill                                    203,065,475
B.24 Lists containing personally identifiable
       information                                           0

     TOTAL SCHEDULED ASSETS                       $206,206,514
     =========================================================

C.   Property Claimed as Exempt                           None

D.   Creditors Holding Secured Claims                     None

E.   Creditors Holding Unsecured Priority Claims          None

F.   Creditors Holding Unsecured Non-priority Claims
       Art Blackwell                                 4,090,000
       Art Blackwell (Accrued Interest)                606,520
       Barden Gaming                                   380,000
       Chris Jackson                                 1,275,000
       Chris Jackson (Accrued Interest)                145,106
       David Akins                                     529,545
       David Akins                                      81,962
       George Evans                                    529,545
       George Evans                                     81,962
       Harris and Associates                           794,318
       Harris and Associates                           122,944
       Jamaal Harris                                   132,386
       Jamaal Harris (Accrued Interest)                 20,491
       JC Douglas                                      529,545
       JC Douglas (Accrued Interest)                    81,962
       Marvin Beatty                                   935,000
       Marvin Beatty (Accrued Interest)                135,491
       Monroe Partners, LLC                          1,550,312
       Monroe Partners, LLC (Subscription Payable)  51,475,363
       Robert Smith                                  1,059,091
       Robert Smith (Accrued Interest)                 163,925
       Sault Sainte Marie Tribe of
         Chippewa Indians                              191,591
       Victoria Loomis                                 529,545
       Victoria Loomis (Accrued Interest)               81,962
        
     TOTAL SCHEDULED LIABILITIES                   $65,523,566
     =========================================================

                      About Greektown Casino

Based in Detroit, Michigan, Greektown Holdings, LLC and its
affiliates -- http://www.greektowncasino.com/-- operate world-
class casino gaming facilities located in Detroit's historic
Greektown district featuring over 75,000 square feet of casino
gaming space with more than 2,400 slot machines, over 70 tables
games, a 12,500-square foot salon dedicated to high limit gaming
and the largest live poker room in the metropolitan Detroit gaming
market.

Greektown Casino employs approximately 1,971 employees, and
estimates that it attracts over 15,800 patrons each day, many of
whom make regular visits to its casino complex and related
properties.  In 2007, Greektown Casino achieved a 25.6% market
share of the metropolitan Detroit gaming market.  Greektown Casino
has also been rated as the "Best Casino in Michigan" and "Best
Casino in Detroit" numerous times in annual readers' polls in
Detroit's two largest newspapers.

The company and seven of its affiliates filed for Chapter 11
protection on May 29, 2008 (Bankr. E.D. Mich. Lead Case No. 08-
53104).  Daniel J. Weiner, Esq., Michael E. Baum, Esq., and Ryan
D. Heilman, Esq., at Schafer and Weiner PLLC, represent the
Debtors in their restructuring efforts.  Judy B. Calton, Esq., at
Honigman Miller Schwartz and Cohn LLP, represents the Debtors as
their special counsel.  The Debtors chose Conway MacKenzie &
Dunleavy as their financial advisor, and Kurtzman Carson
Consultants LLC serves as the Debtors' claims, noticing, and
balloting agent.  When the Debtor filed for protection from its
creditors, it listed consolidated estimated assets and debts of
$100 million to $500 million.  (Greektown Casino Bankruptcy
News, Issue No. 7; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


GREEKTOWN CASINO: Monroe Files Schedules of Assets and Debts
------------------------------------------------------------
Monroe Partners LLC, debtor-affiliate of Greektown Holdings LLC
submitted its schedules of assets and liabilities, disclosing:

A.   Real Property                                          $0   
B.   Personal Property
B.2  Financial Accounts                                      
       National City                                    19,910
B.13 Stock & Interests                                 
       50% interest in Greektown Holdings, LLC         Unknown
B.16 Accounts Receivable
       Kewadin Greektown Casino, LLC                51,475,363
       Kewadin Greektown Casino, LLC                 1,550,312
       Marvin Beatty                                   200,000
       Art Blackwell                                    60,461

     TOTAL SCHEDULED ASSETS                        $53,306,046
     =========================================================

C.   Property Claimed as Exempt                           None

D.   Creditors Holding Secured Claims   
       Ted & Maria Gatzaros                         58,473,726


E.   Creditors Holding Unsecured Priority Claims  
       Jim Pappas                                    5,278,558
       Greektown Casino, LLC                           296,264
       Jim Pappas                                      116,226
            
     TOTAL SCHEDULED LIABILITIES                   $64,166,774
     =========================================================

                      About Greektown Casino

Based in Detroit, Michigan, Greektown Holdings, LLC and its
affiliates -- http://www.greektowncasino.com/-- operate world-
class casino gaming facilities located in Detroit's historic
Greektown district featuring over 75,000 square feet of casino
gaming space with more than 2,400 slot machines, over 70 tables
games, a 12,500-square foot salon dedicated to high limit gaming
and the largest live poker room in the metropolitan Detroit gaming
market.

Greektown Casino employs approximately 1,971 employees, and
estimates that it attracts over 15,800 patrons each day, many of
whom make regular visits to its casino complex and related
properties.  In 2007, Greektown Casino achieved a 25.6% market
share of the metropolitan Detroit gaming market.  Greektown Casino
has also been rated as the "Best Casino in Michigan" and "Best
Casino in Detroit" numerous times in annual readers' polls in
Detroit's two largest newspapers.

The company and seven of its affiliates filed for Chapter 11
protection on May 29, 2008 (Bankr. E.D. Mich. Lead Case No. 08-
53104).  Daniel J. Weiner, Esq., Michael E. Baum, Esq., and Ryan
D. Heilman, Esq., at Schafer and Weiner PLLC, represent the
Debtors in their restructuring efforts.  Judy B. Calton, Esq., at
Honigman Miller Schwartz and Cohn LLP, represents the Debtors as
their special counsel.  The Debtors chose Conway MacKenzie &
Dunleavy as their financial advisor, and Kurtzman Carson
Consultants LLC serves as the Debtors' claims, noticing, and
balloting agent.  When the Debtor filed for protection from its
creditors, it listed consolidated estimated assets and debts of
$100 million to $500 million.  (Greektown Casino Bankruptcy
News, Issue No. 7; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


KIMBALL HILL: 14 Affiliates File Schedules of Assets and Debts
--------------------------------------------------------------
Some 14 debtor-affiliates of Kimball Hill, Inc., reported assets
ranging between $2,000,000 to $25,000,000:

Debtor                                  Assets           Debts  
------                                  ------           -----
Kimball Hill Homes Dallas, L.P.      $24,726,974    $580,613,039

Kimball Hill Homes Florida, Inc.      22,928,358     598,623,432

Kimball Hill Homes Austin, L.P.       19,902,058     548,207,554

KHH Texas Trading Company, L.P.       17,681,765     530,916,328

18th and Peoria, LLC                  16,747,276     546,027,554

Kimball Hill Homes San Antonio, L.P.  14,870,148     545,382,682

Kimball Hill Homes Washington, Inc.   12,683,002     528,922,931

Kimball Hill Homes Texas, Inc.        10,286,129     578,013,585

National Credit and Guaranty Corp.     6,646,525     528,900,668

Kimball Hill Far East Detroit, LLC     2,905,521     531,368,823

Kimball Hill Urban Centers
Chicago One L.L.C                      2,757,510     531,016,736

The Hamilton Place Partnership         2,628,856     528,900,634

KH Ingham Park South, LLC              1,624,563     533,621,485

Kimball Hill Homes Oregon, Inc.        1,567,706     540,017,973

                        About Kimball Hill

Based in Rolling Meadow, Illinois, Kimball Hill Inc. --
http://www.kimballhillhomes.com/-- is one of the largest            
privately-owned homebuilders and one of the 30 largest
homebuilders in the United States, as measured by home deliveries
and revenues.  The company designs, builds and markets single-
family detached, single-family attached and multi-family homes.
The company currently operate within 12 markets, including, among
others, Chicago, Dallas, Ft. Worth, Houston, Las Vegas, Sacramento
and Tampa, in five regions: Florida, the Midwest, Nevada, the
Pacific Coast and Texas.

Kimball Hill, Inc. and 29 of its affiliates filed for Chapter 11
protection on April 23, 2008 (Bankr. N.D. Ill. Lead Case No. 08-
10095).  Ray C. Schrock, Esq., at Kirkland & Ellis LLP, represents
the Debtors in their restructuring efforts.  The Debtors'
consolidated financial condition as of Dec. 31, 2007 reflected
total assets of $795,473,000 and total debts $631,867,000.

The Debtors have until Aug. 21, 2008, to exclusively file a
bankruptcy plan.  (Kimball Hill Bankruptcy News, Issue No. 8;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


KITTY HAWK: Incurs $1,277,044 Net Loss in May 2008
--------------------------------------------------
Kitty Hawk Inc. submitted its monthly operating report for the
period ended May 31, 2008.

The Debtor's March 31, 2008 balance sheet showed total assets
of $40,992,841, total liabilities of $2,343,976, and total
equity of $38,648,865.

For the month ended May 31, 2008, the Debtor generated zero
revenue and incurred a net loss of $1,277,044.

A full-text copy of the Debtor's May 2008 operating report is
available for free at http://ResearchArchives.com/t/s?2f68

                         About Kitty Hawk

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

The Debtor, along with four affiliates, filed new voluntary
chapter 11 petitions on Oct. 15, 2007 (Bankr. N.D. Tex. Case Nos.
07-44536 to 07-44540).  Gogi Malik, Esq., and Jason S. Brookner,
Esq., at Andrews & Kurth, LLP, represent the Debtors.  The
Official Committee of Unsecured Creditors has selected Munsch,
Hardt, Kopf & Harr, P.C., as its counsel.  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 May 2008 Operating Report
-----------------------------------------------------
KH Ground Inc. submitted its monthly operating report for the
period ended May 31, 2008.

The Debtor's May 31, 2008 balance sheet showed total assets of
$0, total liabilities of $575, and total stockholders' deficit
of $575.

For the month ended May 31, 2008, the Debtor generated zero
revenue and zero profit.

A full-text copy of the Debtor's May 2008 operating report is
available for free at http://ResearchArchives.com/t/s?2f6c

                         About Kitty Hawk

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

The Debtor, along with four affiliates, filed new voluntary
chapter 11 petitions on Oct. 15, 2007 (Bankr. N.D. Tex. Case Nos.
07-44536 to 07-44540).  Gogi Malik, Esq., and Jason S. Brookner,
Esq., at Andrews & Kurth, LLP, represent the Debtors.  The
Official Committee of Unsecured Creditors has selected Munsch,
Hardt, Kopf & Harr, P.C., as its counsel.  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 Haw AirCargo Files May 2008 Operating Report
--------------------------------------------------------------
Kitty Hawk AirCargo Inc. submitted its monthly operating report
for the period ended May 31, 2008.

The Debtor's May 31, 2008 balance sheet showed total assets of
$8,427,259, total liabilities of $6,190,698, and total
stockholders' equity of $2,236,561.

A full-text copy of the Debtor's May 2008 operating report is
available for free at http://ResearchArchives.com/t/s?2f6b

                         About Kitty Hawk

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

The Debtor, along with four affiliates, filed new voluntary
chapter 11 petitions on Oct. 15, 2007 (Bankr. N.D. Tex. Case Nos.
07-44536 to 07-44540).  Gogi Malik, Esq., and Jason S. Brookner,
Esq., at Andrews & Kurth, LLP, represent the Debtors.  The
Official Committee of Unsecured Creditors has selected Munsch,
Hardt, Kopf & Harr, P.C., as its counsel.  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 May 2008 Operating Report
------------------------------------------------------------
Kitty Hawk Cargo Inc. submitted its monthly operating report for
the period ended May 31, 2008.

The Debtor's May 31, 2008 balance sheet showed total assets of
$49,750, total liabilities of $23,207,884, and total
stockholders' deficit of $23,158,134.

For the month ended May 31, 2008, the Debtor generated $2,792
negative revenue and had a net profit of $340,614.

A full-text copy of the Debtor's May 2008 operating report is
available for free at http://ResearchArchives.com/t/s?2f6a

                         About Kitty Hawk

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

The Debtor, along with four affiliates, filed new voluntary
chapter 11 petitions on Oct. 15, 2007 (Bankr. N.D. Tex. Case Nos.
07-44536 to 07-44540).  Gogi Malik, Esq., and Jason S. Brookner,
Esq., at Andrews & Kurth, LLP, represent the Debtors.  The
Official Committee of Unsecured Creditors has selected Munsch,
Hardt, Kopf & Harr, P.C., as its counsel.  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 May 2008 Operating Report
-------------------------------------------------------------
Kitty Hawk Ground Inc. submitted its monthly operating report
for the period ended May 31, 2008.

The Debtor's May 31, 2008 balance sheet showed total assets of
$1,928,527, total liabilities of $26,175,038, and total
stockholders' deficit of $24,246,511.

For the month ended May 31, 2008, the Debtor generated $644
negative revenue and had net profit of $72,669.

A full-text copy of the Debtor's May 2008 operating report is
available for free at http://ResearchArchives.com/t/s?2f69

                         About Kitty Hawk

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

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


PROPEX INC: Incurs $21,900,000 Net Loss in June 2008
----------------------------------------------------

                            Propex Inc.
           Unaudited Condensed Consolidated Balance Sheet
                         As of June 1, 2008

ASSETS:
Current assets:
    Cash and cash equivalents                       $28,100,000
    Restricted cash                                     700,000
    Accounts receivable, net                        105,400,000
    Accounts receivable claims - prepetition          (100,000)
    Inventories, net                                134,600,000
    Deferred income taxes                             8,700,000
    Prepaid expensed and other current assets        27,000,000
    Assets held for sale                              7,400,000
                                                   ------------
Total current assets                                311,800,000

Other assets:
    Goodwill                                                  -
    Intangible assets, net                           17,400,000
    Deferred income taxes                                     -
    Investment in subsidiaries                                -
    Intercompany notes receivable                             -
    Other assets                                      7,000,000
                                                   ------------
    Property, plant and equipment, net              223,000,000
                                                   ------------
Total assets                                       $559,200,000
                                                   ============

LIABILITIES AND STOCKHOLDER'S EQUITY

Current liabilities:
  Prepetition
    Accounts payable                                  8,300,000
    Accrued liabilities                               1,300,000
    Current portion of debt and accrued interest    382,600,000
    Accrued pension obligations                               -
    Restructuring and other similar costs               700,000
    Other current liabilities                           300,000
  Postpetition
    Accounts payable                                 28,800,000
    Accrued liabilities                              21,900,000
    Current portion of debt and accrued interest     35,300,000
    Accrued pension obligations                               -
    Restructuring and other similar costs               500,000
    Other current liabilities                         1,800,000
                                                   ------------
Total current liabilities
481,500,000                                                   

Non-current liabilities:
   Prepetition
     Accrued pension and other postretirement
       benefit liabilities                           24,900,000
     Other non-current liabilities                            -

     Accrued pension and other postretirement
       benefit liabilities                           24,900,000
   Postpetition
     Intercompany notes payable                               -
     Debt, less current portion                               -
     Deferred income taxes                           11,200,000
     Accrued pension and other postretirement
       benefit liabilities                           28,500,000
     Other non-current liabilities                    1,400,000
                                                   ------------
Total non-current liabilities                        66,000,000

Total stockholder's equity
   Common stock                                               -
   Paid in capital                                   96,200,000
  Other comprehensive income                         25,700,000
   Retained earnings - prior year                   (88,300,000)
   Retained earnings - current year                 (21,900,000)
                                                   ------------
   Total stockholder's equity                        11,700,000
                                                   ------------
   Total liabilities and stockholder's equity      $559,200,000
                                                   ============

                            Propex Inc.
      Unaudited Condensed Consolidated Statement of Operations
                    For Month Ended June 1, 2008

Net revenue                                        $264,400,000
Cost of sales                                       233,100,000
                                                    -----------
    Gross profit                                     31,300,000
Operating Expenses:  
    Selling, general and administrative              30,400,000
    Other (income) expense, net                         200,000
    Add back depreciation and amortization           12,000,000

EBITDA                                               12,700,000

Depreciation & Amortization                          12,000,000
Interest expense                                     12,800,000
Restructuring and similar costs                       8,800,000
Non-cash pension and other expense                      200,000
Other Non Operating expense   
   Impairment of other intangibles                            -
   Impairment of property,plant and equipment                 -
   Pension curtailment, net of settlement loss                -
   Debt Forgiveness                                           -
   Other                                                      -
Equity loss from sub-earnings                                 -
                                                    -----------
Income before income taxes                          (21,100,000)
   Income tax provision                                 800,000
                                                    -----------
Net income                                         ($21,900,000)
                                                    ===========

                          Propex Inc.
                Unaudited Statement of Cash Flows
                   For Month Ended June 1, 2008

Cash flows from operating activities:
    Net income(loss)                                 (4,300,000)
    Adjustments to reconcile net income to net cash
    provided by (used in) operating activities:
      Depreciation and amortization                   2,200,000
      Non-cash interest on debt                               -
      Amortization of bank fees                               -
      Net gain on dispositions of property and
         equipment                                            -
      Stock-based compensation                                -
      Impairment of property, plant and equipment             -
      Impairment of goodwill                                  -
      Pension and post retirement benefit cost          300,000
      Deferred income taxes                                   -
    Changes in operating assets and liabilities
      Increase in assets - Prepetition               (3,600,000)
      Increase)in assets - Postpetition               9,800,000
      Increase in liabilities - Prepetition             700,000
      Increase in liabilities - Postpetition         (4,100,000)
                                                    -----------
Net cash provided by operating activities             1,000,000

Cash flows from investing activities
   Capital expenditures                                (700,000)
   Proceeds from sale of property and equipment               -
   Acquisition of business (net of cash acquired)             -
                                                    -----------
   Net cash used in investing activities               (700,000)

Cash flows from financing activities

   Payments of long-term debt principal                       -
   Proceeds from issuance of debt                             -
   Debt issuance costs                                        -
   Dividends                                                  -
   Net Receipts from unconsolidated parent company            -
   Net payments of affiliate debt                             -
                                                    -----------
   Net cash provide by(used in)financing activities           -    
   Effect of changes in foreign exchange rates
     on cash and cash equivalents                       300,000
                                                    -----------
   Change in cash and cash equivalents                  600,000
   Cash and cash equivalents - beginning of period   27,500,000
                                                    -----------
   Cash and cash equivalents - end period           $28,100,000
                                                    ===========

                         About Propex Inc.

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

The company and its debtor-affiliates filed for Chapter 11
protection on Jan. 18, 2008 (Bankr. E.D. Tenn. Case No. 08-
10249).  The debtors' has selected Edward L. Ripley, Esq., Henry
J. Kaim, Esq., and Mark W. Wege, Esq. at King & Spalding, in
Houston, Texas, to represent them.  As of Sept. 30, 2007, the
debtors' balance sheet showed total assets of $585,700,000 and
total debts of $527,400,000.  The Debtors' exclusive period to
file a plan of reorganization expired on Aug. 21, 2008.

(Propex Bankruptcy News, Issue No. 13; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000)


QUEBECOR WORLD: Posts $6,400,000 Net Loss in Month Ended Feb. 2
---------------------------------------------------------------

                Quebecor World (USA), Inc., et al.
                      Combined Balance Sheet
                      As of February 2, 2008   
                  
                             ASSETS

Current Assets:
   Cash and Cash equivalents                       $115,800,000
   Trade and receivables                            604,600,000
   Inventories                                      168,200,000
   Prepaid Expenses                                  15,300,000
                                                 --------------
   Total current expenses                           903,900,000

Property, plant and equipment                     1,221,300,000
Goodwill                                            338,000,000
Other assets                                        177,500,000
                                                 --------------
   TOTAL ASSETS                                  $2,640,700,000
                                                 ==============

               LIABILITIES AND SHAREHOLDERS' EQUITY
                
Current liabilities not subject to compromise:
   Bank indebtedness                                $22,200,000
   Trade payables and accrued liabilities           148,700,000
   Payables to related parties                        3,100,000
   Income and other taxes payable                    14,200,000
                                                 --------------
   Total current liabilities                        188,200,000
                                                 --------------
Other liabilities not subject to compromise:
   Long-term debt                                   473,900,000
   Other liabilities                                137,900,000
   Future income taxes                               75,100,000
   Liabilities subject compromise                 2,768,200,000

Shareholders equity:
   Capital stock                                  1,099,500,000
   Contributed surplus                              310,000,000
   Deficit                                       (2,412,700,000)
   Accumulated other comprehensive loss                 600,000
                                                 --------------
   Total Equity                                   2,452,500,000
                                                 --------------
   TOTAL LIABILITIES AND EQUITY                  $2,640,700,000
                                                 ==============

                Quebecor World (USA), Inc., et al.
                 Combined Statement of Operations
               For the month ended February 2, 2008

Operating Revenues                                $109,500,000

Operating expenses:
   Cost of sales                                    90,800,000
   Selling, general and administrative              10,700,000
   Depreciation and amortization                     7,100,000
                                                  ------------
   Total operating expenses                        108,600,000
                                                  ------------

Operating Income                                       900,000
Financial expenses                                  11,000,000
Reorganization items                                         -
Income taxes                                        (3,700,000)
                                                  ------------
Net loss and comprehensive loss                    ($6,400,000)
                                                  ============

                       About Quebecor World

Based in Montreal, Quebec, Quebecor World Inc. (TSX: IQW) (NYSE:
IQW), -- http://www.quebecorworldinc.com/-- provides market
solutions, including marketing and advertising activities, well
as print solutions to retailers, branded goods companies,
catalogers and to publishers of magazines, books and other
printed media.  It has 127 printing and related facilities
located in North America, Europe, Latin America and Asia.  In
the United States, it has 82 facilities in 30 states, and is
engaged in the printing of books, magazines, directories, retail
inserts, catalogs and direct mail.

The company has operations in Mexico, Brazil, Colombia, Chile,
Peru, Argentina and the British Virgin Islands.

Quebecor World and 53 of its subsidiaries, including those in
Canada, filed a petition under the Companies' Creditors
Arrangement Act before the Superior Court of Quebec, Commercial
Division, in Montreal, Canada, on Jan. 20, 2008.  The Honorable
Justice Robert Mongeon oversees the CCAA case.  Francois-David
Pare, Esq., at Ogilvy Renault, LLP, represents the Company in
the CCAA case.  Ernst & Young Inc. was appointed as Monitor.

On Jan. 21, 2008, Quebecor World (USA) Inc., its U.S.
subsidiary, along with other U.S. affiliates, filed for chapter
11 bankruptcy on Jan. 21, 2008 (Bankr. S.D.N.Y Lead Case No. 08-
10152).  Anthony D. Boccanfuso, Esq., at Arnold & Porter LLP
represents the Debtors in their restructuring efforts.   The
Official Committee of Unsecured Creditors is represented by Akin
Gump Strauss Hauer & Feld LLP.

Based in Corby, Northamptonshire, Quebecor World PLC --
http://www.quebecorworldplc.com/-- is the U.K. subsidiary of
Quebecor World Inc. that specializes in web offset magazines,
catalogues and specialty print products for marketing and
advertising campaigns.  The company employs around 290 people.
Quebecor PLC was placed into administration with Ian Best and
David Duggins of Ernst & Young LLP appointed as joint
administrators effective Jan. 28, 2008.

As of Sept. 30, 2007, Quebecor World's unaudited consolidated
balance sheet showed total assets of $5,554,900,000, total
liabilities of $3,964,800,000, preferred shares of $175,900,000,
and total shareholders' equity of $1,414,200,000.

The Debtors have until Sept. 30, 2008, to file a plan of
reorganization in the chapter 11 case.  The Debtors' CCAA stay
has been extended to July 25, 2008.  (Quebecor World Bankruptcy
News, Issue No. 20; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


QUEBECOR WORLD: Posts $8,500,000 Net Loss in Month Ended March 1
----------------------------------------------------------------

                Quebecor World (USA), Inc., et al.
                      Combined Balance Sheet
                       As of March 1, 2008   
                  
                             ASSETS

Current Assets:
   Cash and Cash equivalents                       $177,900,000
   Trade and receivables                            606,600,000
   Inventories                                      165,300,000
   Prepaid Expenses                                  19,900,000
                                                 --------------
   Total current expenses                           969,700,000

Property, plant and equipment                     1,209,400,000
Goodwill                                            338,000,000
Other assets                                        177,300,000
                                                 --------------
   TOTAL ASSETS                                  $2,694,400,000
                                                 ==============

               LIABILITIES AND SHAREHOLDERS' EQUITY
                                                                 
Current liabilities not subject to compromise:
   Bank indebtedness                                $27,200,000
   Trade payables and accrued liabilities           192,000,000
   Payables to related parties                        3,200,000
   Income and other taxes payable                    13,200,000
                                                 --------------
   Total current liabilities                        235,600,000
                                                 --------------
Other liabilities not subject to compromise:
   Long-term debt                                   475,300,000
   Other liabilities                                138,200,000
   Future income taxes                               69,900,000
   Liabilities subject compromise                 2,786,600,000

Shareholders equity:
   Capital stock                                  1,099,500,000
   Contributed surplus                              310,000,000
   Deficit                                       (2,421,300,000)
   Accumulated other comprehensive loss                 600,000
                                                 --------------
   Total Equity                                   2,458,800,000
                                                 --------------
   TOTAL LIABILITIES AND EQUITY                  $2,694,400,000
                                                 ==============

                Quebecor World (USA), Inc., et al.
                 Combined Statement of Operations
                 For the month ended March 1, 2008


Operating Revenues                                 $246,600,000

Operating expenses:
   Cost of sales                                    203,100,000
   Selling, general and administrative               19,300,000
   Depreciation and amortization                     15,500,000
                                                   ------------
   Total operating expenses                         237,900,000
                                                   ------------

Operating income                                      8,700,000
Financial expenses                                   22,100,000
Reorganization items                                          -
Income taxes                                         (4,900,000)
                                                   ------------
Net loss and comprehensive loss                     ($8,500,000)
                                                   ============

                       About Quebecor World

Based in Montreal, Quebec, Quebecor World Inc. (TSX: IQW) (NYSE:
IQW), -- http://www.quebecorworldinc.com/-- provides market
solutions, including marketing and advertising activities, well
as print solutions to retailers, branded goods companies,
catalogers and to publishers of magazines, books and other
printed media.  It has 127 printing and related facilities
located in North America, Europe, Latin America and Asia.  In
the United States, it has 82 facilities in 30 states, and is
engaged in the printing of books, magazines, directories, retail
inserts, catalogs and direct mail.

The company has operations in Mexico, Brazil, Colombia, Chile,
Peru, Argentina and the British Virgin Islands.

Quebecor World and 53 of its subsidiaries, including those in
Canada, filed a petition under the Companies' Creditors
Arrangement Act before the Superior Court of Quebec, Commercial
Division, in Montreal, Canada, on Jan. 20, 2008.  The Honorable
Justice Robert Mongeon oversees the CCAA case.  Francois-David
Pare, Esq., at Ogilvy Renault, LLP, represents the Company in
the CCAA case.  Ernst & Young Inc. was appointed as Monitor.

On Jan. 21, 2008, Quebecor World (USA) Inc., its U.S.
subsidiary, along with other U.S. affiliates, filed for chapter
11 bankruptcy on Jan. 21, 2008 (Bankr. S.D.N.Y Lead Case No. 08-
10152).  Anthony D. Boccanfuso, Esq., at Arnold & Porter LLP
represents the Debtors in their restructuring efforts.   The
Official Committee of Unsecured Creditors is represented by Akin
Gump Strauss Hauer & Feld LLP.

Based in Corby, Northamptonshire, Quebecor World PLC --
http://www.quebecorworldplc.com/-- is the U.K. subsidiary of
Quebecor World Inc. that specializes in web offset magazines,
catalogues and specialty print products for marketing and
advertising campaigns.  The company employs around 290 people.
Quebecor PLC was placed into administration with Ian Best and
David Duggins of Ernst & Young LLP appointed as joint
administrators effective Jan. 28, 2008.

As of Sept. 30, 2007, Quebecor World's unaudited consolidated
balance sheet showed total assets of $5,554,900,000, total
liabilities of $3,964,800,000, preferred shares of $175,900,000,
and total shareholders' equity of $1,414,200,000.

The Debtors have until Sept. 30, 2008, to file a plan of
reorganization in the chapter 11 case.  The Debtors' CCAA stay
has been extended to July 25, 2008.  (Quebecor World Bankruptcy
News, Issue No. 20; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


PACIFIC LUMBER: Scotia Dev't Files May 2008 Operating Report
------------------------------------------------------------

                  Scotia Development LLC, et al.
                    Consolidated Balance Sheet
                        As of May 31, 2008

ASSETS
Current Assets
   Cash                                              $2,250,789
   Accounts receivable, net                           4,856,363
   Inventory: lower cost or market                    8,169,595
   Prepaid expenses                                   5,620,244
   Prepaid Restructuring                                100,000
   Investments                                                -
   Other                                                264,271
                                                   ------------
      Total Current Assets                           21,261,263

Property, Plant & Equipment                         186,007,503
Less: Accumulated Depreciation                     (121,007,151)
                                                   ------------
Net book value of property & plant                   65,000,351
Other Assets
   Notes Receivable                                     577,592
   Deferred Financing Costs                           3,614,204
   Long-term Investments                              3,468,856
   Restricted Cash                                    2,592,844
   Restricted Cash -- L.C. Collateralization         10,862,851
   Deferred Tax Assets                               13,313,381
                                                   ------------
      TOTAL ASSETS                                 $120,691,342
                                                   ============

LIABILITIES & OWNERS EQUITY
Postpetition Liabilities
   Trade accounts payable                              $915,695
   Tax payable
      Federal payroll taxes                              43,492
      State payroll taxes                                 4,824
      Ad valorem taxes                                   80,000
      Other taxes                                     1,307,177
                                                   ------------
         Total taxes payable                          1,435,493

   Secured debt postpetition                         75,000,000
   Accrued interest payable                           5,317,982
   Accrued professional fees                          8,023,802
   Other accrued liabilities
      Trade Accruals                                  3,293,139
      Compensation and benefits                       1,507,840
      Other accrued                                   1,031,932
      Due to (from) affiliate/parent                 10,917,709
                                                   ------------
      Total Postpetition Liabilities                107,443,592

Prepetition Liabilities
   Notes payable - Secured                           84,277,251
   Priority debt                                      3,485,656
   Federal income tax                                   (17,006)
   FICA/ Withholding                                          -
   Unsecured debt                                     2,653,253
   Other                                             27,786,382
   Due to Affiliate/Parent                           41,661,505
                                                   ------------
      Total Prepetition Liabilities                 159,847,041
                                                   ------------
      Total Liabilities                             267,290,633

Owner's Equity (Deficit)
   Equity in Affiliates                             575,873,921
   Common Stock                                           1,001
   Additional Paid-in Capital                       275,546,288
   Retained Earnings: Filing Date                   792,985,229
   Retained Earnings: Post Filing Date             (205,035,271)
                                                   ------------
Total Owner's Equity                               (146,599,291)
                                                   ------------
TOTAL LIABILITIES & OWNERS EQUITY                  $120,691,342
                                                   ============

                  Scotia Development LLC, et al.
                       Statement of Income
                For the Period Ended May 31, 2008

Revenues                                             $6,934,549
Total cost of revenues                                8,612,959
                                                   ------------
Gross Profit                                         (1,678,410)

Operating Expenses
   Selling & Marketing                                   97,623
   General & Administrative                             670,484
   Insiders Compensation                                145,088
   Idle Facilities                                      113,426
   Environmental                                         25,419
                                                   ------------
      Total Operating Expenses                        1,052,041
                                                   ------------
Income before interest, depreciation, tax            (2,730,450)
Interest Expense                                      1,451,386
Depreciation                                            712,092
Other (Income) Expenses                                  55,322
Amortization of Deferred Financing Costs                387,997
   Professional Fees                                  4,135,241
   Other                                                (22,550)
Equity Loss (Earnings) in Subsidiary                  5,131,922
Total Interest, Depreciation & Other Items           11,851,382
                                                   ------------
Net Income Before Taxes                             (14,581,834)
Federal Income Tax                                            -
                                                   ------------
Net Income (Loss)                                   $14,581,834
                                                   ============

                  Scotia Development LLC, et al.
                 Cash Receipts and Disbursements
                 For the Month Ended May 31, 2008

Receipts
   Cash Sales                                           $11,141
   Collection of Accounts Receivable                  7,538,513
   Loans & Advances                                           -
   Sale of Assets                                       221,586
   Other                                                  3,040
                                                   ------------
      Total Receipts                                  7,774,280

Disbursements
   Net payroll                                          932,790
   Payroll taxes paid                                   343,308
   Sales, use & other taxes paid                          1,282
   Secured/rentals/leases                               168,778
   Utilities & telephone                                 55,783
   Insurance                                          1,157,580
   Cost of goods sold                                 4,628,975
   Vehicle expenses                                      24,990
   Travel & entertainment                                 6,199
   Repairs, maintenance & supplies                      563,275
   Administrative & selling                             205,256
   Other                                                      -
                                                   ------------
      Total Disbursements from operations             8,088,217

Professional fees                                        38,282
U.S. Trustee fees                                        22,275
Other reorganization expenses                                 -
                                                   ------------
      Total Disbursements                             8,148,775
                                                   ------------
Net Cash Flow                                          (374,494)
                                                   ------------
Cash, at the beginning of the month                   2,625,283
                                                   ------------
Cash, at the end of the month                        $2,250,789
                                                   ============

                       About Pacific Lumber

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

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

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

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

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

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

The Debtors' exclusive plan filing period expired on Feb. 29,
2008.  The Bank of New York has filed a rival bankruptcy plan.  
Marathon Structured Finance Fund L.P., Mendocino Redwood Company,
LLC, and the Creditors' Committee have jointly filed a rival
plan.  Both rival plans were subsequently amended and modified.  
On July 8, 2008, the Court confirmed Marathon/MRC's modified
first amended plan of reorganization.  (Scotia/Pacific Lumber
Bankruptcy News, Issue No. 63; http://bankrupt.com/newsstand/
or 215/945-7000).


PACIFIC LUMBER: Scotia Pacific Files May 2008 Operating Report
--------------------------------------------------------------

                   Scotia Pacific Company LLC
                   Consolidated Balance Sheet
                      As of May 31, 2008

ASSETS
Current Assets
    Cash                                         $5,047,057
    Accounts receivable, net                     11,176,805
    Inventory: lower cost or market                 526,367
    Prepaid expenses                              6,497,243
    Prepaid Restructuring                           514,671
    Investments                                  26,763,175
    Other                                           702,093
                                               ------------
       Total Current Assets                      51,227,412

Property, Plant & Equipment                     603,097,101
Less: Accumulated Depreciation                 (362,433,356)
                                               ------------
Net book value of property & plant              240,663,745

Other Assets
    Capitalized Expenses                          9,266,272
                                               ------------
          TOTAL ASSETS                         $301,157,429  
                                               ============
LIABILITIES & OWNERS EQUITY
Postpetition Liabilities
    Trade accounts payable                          $17,992
    Tax payable
      Federal payroll taxes                          11,383
      State payroll taxes                               731
      Ad valorem taxes                               90,877
      Other taxes                                   119,029
                                               ------------
         Total taxes payable                        222,021

      Secured debt postpetition                           -
      Accrued interest payable                   73,484,686
      Accrued professional fees                  12,041,803
      Other accrued liabilities
         Unsecured Debt                           2,267,001
         Payroll                                    677,270
         Other                                      253,063
                                               ------------
      Total Postpetition Liabilities             88,963,836   

Prepetition Liabilities
    Notes payable - Secured                     767,436,742
    Priority debt                                    79,064
    Federal income tax                                    -
    FICA/ Withholding                                     -
    Unsecured debt                                3,357,954
    Other                                                 -
                                               ------------
       Total Prepetition Liabilities            770,873,760
                                               ------------
       Total Liabilities                        859,837,597

Owner's Equity (Deficit)
  Preferred Stock                                         -
  Common Stock                                   20,384,905
  Additional Paid-in Capital                    179,838,186
  Retained Earnings: Filing Date               (662,058,832)
  Retained Earnings: Post Filing Date           (96,844,426)
                                               ------------
Total Owner's Equity                           (558,680,168)
                                               ------------
TOTAL LIABILITIES & OWNERS EQUITY              $301,157,429
                                               ============

                   Scotia Pacific Company LLC
                      Statement of Income
                For the Period Ended May 31, 2008

Revenues                                         $4,068,760
Total cost of revenues                              726,683
                                               ------------
Gross Profit                                      3,342,077

Operating Expenses
    Selling & Marketing                                   -
    General & Administrative                        200,333
    Insiders Compensation                                 -
    Professional Fees                                     -
    Idle Facilities                                       -
    Environmental                                         -
                                               ------------
       Total Operating Expenses                     200,333
                                               ------------
Income before interest, depreciation, tax         3,141,744
Interest Expense                                  4,761,874
Depreciation                                        854,711
Other (Income) Expenses                              (6,683)
Amortization of Deferred Financing Costs                  -
Restructuring
    Professional Fees                             2,315,543
    Other                                           318,222
Total Interest, Depreciation & Other Items        8,273,667
Net Income Before Taxes                          (5,131,922)
                                               ------------
Federal Income Tax                                        -
                                               ------------
Net Income (Loss)                               ($5,131,922)
                                               ============

                   Scotia Pacific Company LLC
                Cash Receipts and Disbursements
                For the Month Ended May 31, 2008

Receipts
    Cash Sales                                           $-
    Collection of Accounts Receivable                     -
    Loans & Advances                                      -
    Sale of Assets                                        -
      Interest Income                                 8,053
      Log Sales to Palco less Reimbursable        3,551,873
      Other                                         263,927
                                               ------------
         Total Receipts                           3,823,853

Disbursements
    Net payroll                                     273,466
    Payroll taxes paid                               80,997
    Sales, use & other taxes paid                     1,941
    Secured/rentals/leases                           22,259
    Utilities & telephone                               441
    Insurance                                       186,266
    Cost of goods sold                              524,764
    Vehicle expenses                                  2,389
    Travel & entertainment                                -
    Repairs, maintenance & supplies                       -
    Administrative & selling                        824,791
    Decking, logging & hauling                      568,145
    Other                                                 -
                                               ------------
Total Disbursements from operations               2,485,459

Professional fees                                 2,239,638
U.S. Trustee fees                                    13,000
Interest                                            177,114
Other reorganization expenses                             -
                                               ------------
    Total Disbursements                           4,915,211
                                               ------------
Net Cash Flow                                    (1,091,359)
Reclassification to investment                           (-)
                                               ------------
Cash, beginning of the month                      6,138,415
                                               ------------
Cash, at the end of the month                    $5,047,057
                                               ============

                       About Pacific Lumber

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

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

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

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

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

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

The Debtors' exclusive plan filing period expired on Feb. 29,
2008.  The Bank of New York has filed a rival bankruptcy plan.  
Marathon Structured Finance Fund L.P., Mendocino Redwood Company,
LLC, and the Creditors' Committee have jointly filed a rival
plan.  Both rival plans were subsequently amended and modified.  
On July 8, 2008, the Court confirmed Marathon/MRC's modified
first amended plan of reorganization.  (Scotia/Pacific Lumber
Bankruptcy News, Issue No. 63; http://bankrupt.com/newsstand/
or 215/945-7000).


TARPON INDUSTRIES: Incurs $284,473 Net Loss in May 2008
-------------------------------------------------------
Tarpon Industries Inc.'s May 31, 2008 balance sheet showed total
assets of $3,559,684, total liabilities of $18,269,492, and
total stockholders' deficit of $14,709,808

The Debtor generated zero revenue and incurred a net loss of
$284,473 for the month ended May 31, 2008.

A full-text copy of the Debtor's monthly operating report is
available for free at http://ResearchArchives.com/t/s?2f6d

                    About Tarpon Industries

Based in Marysville, Michigan, Tarpon Industries Inc. --
http://www.tarponind.com/-- manufactures and sells engineered    
steel storage rack systems and a variety of steel tubing products
in the United States and Canada through its subsidiary Eugene
Welding Co.  The company's products include structural and roll-
formed steel selective racks, push-back racks, cantilevered racks,
archival storage systems and order picking systems.  The company
markets its steel tubing products throughout the Unites States to
OEM automotive, boating, industrial equipment, construction,
agricultural, steel service centers, leisure and recreational
vehicle markets.

The company and its affiliate filed for Chapter 11 protection on
April 29, 2008 (Bankr. E.D. Mich. Case Nos. 08-50367 and 08-
50381).  Jeffrey S. Grasl, Esq., and Stephen M. Gross, Esq., at
McDonald Hopkins LLC, represent the Debtors in their
restructuring efforts.  The U.S. Trustee for Region 9 appointed
creditors to serve on an Official Committee of Unsecured
Creditors.  Jean R. Roberston, Esq., at Calfee, Halter & Griswold,
LLP, represents the Committee.  When the Debtors filed for
protection from their creditors, they listed estimated assets and
debts of $10 million to $50 million.


TARPON INDUSTRIES: Eugene Welding Submits May 2008 Report
---------------------------------------------------------
Tarpon Industries Inc.'s debtor-affiliate, Eugene Welding
Company, reported total assets of $13,219,109, total liabilities
of $13,902,437, and total stockholders' deficit of $683,329 as
of May 31, 2008.

The Debtor generated $3,057,834 net revenue and earned $164,173
for the month ended May 31, 2008.

A full-text copy of the Debtor's monthly operating report is
available for free at http://ResearchArchives.com/t/s?2f6e

                     About Tarpon Industries

Based in Marysville, Michigan, Tarpon Industries Inc. --
http://www.tarponind.com/-- manufactures and sells engineered    
steel storage rack systems and a variety of steel tubing products
in the United States and Canada through its subsidiary Eugene
Welding Co.  The company's products include structural and roll-
formed steel selective racks, push-back racks, cantilevered racks,
archival storage systems and order picking systems.  The company
markets its steel tubing products throughout the Unites States to
OEM automotive, boating, industrial equipment, construction,
agricultural, steel service centers, leisure and recreational
vehicle markets.

The company and its affiliate filed for Chapter 11 protection on
April 29, 2008 (Bankr. E.D. Mich. Case Nos. 08-50367 and 08-
50381).  Jeffrey S. Grasl, Esq., and Stephen M. Gross, Esq., at
McDonald Hopkins LLC, represent the Debtors in their
restructuring efforts.  The U.S. Trustee for Region 9 appointed
creditors to serve on an Official Committee of Unsecured
Creditors.  Jean R. Roberston, Esq., at Calfee, Halter & Griswold,
LLP, represents the Committee.  When the Debtors filed for
protection from their creditors, they listed estimated assets and
debts of $10 million to $50 million.

                             *********

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
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liabilities that may never materialize.  The prices at which
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related conferences are encouraged.  Send announcements to
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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
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Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
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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
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re-mailing and photocopying) is strictly prohibited without prior
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$25 each.  For subscription information, contact Christopher Beard
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