TCR_Public/080802.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, Aug. 1, 2008, Vol. 12, No. 182

                             Headlines

AMERICAN HOME: AHM Corp. Submits April 30, 2008 Operating Report
AMERICAN HOME: AHMHI'S Submits April 30, 2008 Operating Report
AMERICAN HOME: Great Oak Submits April 30, 2008 Operating Report
AMERICAN HOME: AHMV Submits April 30, 2008 Operating Report
AMERICAN HOME: Homegate Submits April 30, 2008 Operating Report

BHM TECHNOLOGIES: Midwest Stamping Files Assets & Debts Schedules
BHM TECHNOLOGIES: Morton Welding Files Assets and Debts Schedules
BHM TECHNOLOGIES: The Brown Co. Files Assets, Debts Schedules
BHM TECHNOLOGIES: Brown Co. Files Assets and Debts Schedules
BUFFETS HOLDINGS: Posts $537MM Net Loss for Month Ended July 2

DUNMORE HOMES: Files June 2008 Monthly Operating Report
KIMBALL HILL: 14 Affiliates Amend Schedules of Assets and Debts
KIMBALL HILL: KH California Amends Schedules of Assets and Debts
KIMBALL HILL: KH Houston Amends Schedules of Assets and Debts
KIMBALL HILL: KH Illinois Amends Schedules of Assets and Debts

LEVITT AND SONS: Delivers June 2008 Monthly Operating Report
LEVITZ FURNITURE: Posts $671,000 Net Loss in June 2-30, 2008  
QUEBECOR WORLD: Quebecor Memphis Submits Assets & Debts Schedules
QUEBECOR WORLD: QW Capital Submits Assets and Debts Schedules
QUEBECOR WORLD: QW Capital II Submits Assets & Debts Schedules

QUEBECOR WORLD: QW Capital II GP Submits Assets & Debts Schedules
QUEBECOR WORLD: QW Logistics Submits Assets and Debts Schedules
QUEBECOR WORLD: QW Systems Submits Assets and Debts Schedules
SHARPER IMAGE: Reports $9.88 Million Net Loss in May 2008

                             *********

AMERICAN HOME: AHM Corp. Submits April 30, 2008 Operating Report
----------------------------------------------------------------

                   American Home Mortgage Corp.
                 Statement of Financial Condition
                       As of April 30, 2008

Assets:
   Cash and cash equivalents                         $46,418,368
   Restricted cash                                     9,040,256
   Securities purchased under agreements                    (147)
   Accounts receivable                                29,352,996
   Intercompany receivable                           686,606,102
   Mortgage loans                                    570,978,005
   Derivative assets                                     743,601
   Mortgage servicing rights                          11,312,465
   Other real estate, net                             48,310,499
   Premises and equipment, net                        20,478,659
   Investment in subsidiaries                         73,445,605
   Other assets                                        3,100,223
                                                   -------------
      Total Assets                                $1,499,786,632
                                                   =============

Liabilities and Stockholders' Equity

   Liabilities:
      Warehouse lines of credit                     $549,451,489
      Derivative liabilities                          10,481,560
      Accrued expenses & other liabilities            93,773,785
      Intercompany payable                         1,556,048,568
      Notes payable                                      898,194
      Income taxes payable                             1,744,395
                                                   -------------
         Total Liabilities                         2,212,397,991
                                                   -------------
   Stockholders' Equity
      Additional paid-in capital                     153,195,272
      Retained earnings                             (865,806,631)
      Other comprehensive loss                                 -
                                                   -------------
         Total Stockholders' Equity                 (712,611,359)
                                                   -------------
Total Liabilities & Stockholders' Equity          $1,499,786,632
                                                   =============

                   American Home Mortgage Corp.
                        Statement of Income
                    Month Ended April 30, 2008

Net Interest Income:
   Interest income                                    $3,294,098
   Interest expense                                       (5,538)
                                                    ------------
      Net interest income                              3,288,560

   Provision for loan losses                                   -
                                                    ------------
      Net interest income after provision              3,288,560
        for loan losses

Non-Interest Income:
   Gain (loss) on mortgage loans                       2,860,085
   Loan servicing fees                                 5,856,843
   Changes in fair value of MSR                                -
   Income (loss) from subsidiaries                      (225,832)
   Other non-interest (loss) income                       11,027
                                                    ------------
      Non-interest income                              8,502,123

Expenses
   Salaries, commissions & benefits, net                 430,078
   Occupancy and equipment                               475,168
   Data processing and communications                     18,758
   Office supplies and expenses                           31,681
   Marketing and promotion                               (14,889)
   Travel and entertainment                                1,760
   Professional fees                                   4,657,661
   Other real estate operating expense                   (15,358)
   Other                                                 544,541
                                                    ------------
      Total expenses                                   6,129,400

Income (Loss) before income taxes                      5,661,283
Income taxes                                          (3,000,483)
                                                    ------------
Net income                                            $8,661,766
                                                    ============

                   American Home Mortgage Corp.
           Schedule of Cash Receipts and Disbursements
                    Month Ended April 30, 2008

Cash - Beginning of Month, 04/01/2008                $29,310,670

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                              -
   Loans and advances                                          -
   Administrative                                              -
   Net payroll                                                 -
   Other                                                       -
   Transfers (from DIP accounts)                      42,164,526
                                                    ------------
      Total Receipts                                  42,164,527

Disbursements:
   Net payroll
   Payroll taxes                                           8,366
   Sales, use & other taxes                                    -
   Loans and advances                                 15,905,766
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                        102,441
   Selling                                                     -
   Other                                                       -
   Transfers (from DIP accounts)                               -
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                    ------------
      Total Disbursements                             16,016,573
                                                    ------------
      Net Cash Flow                                   26,147,953
                                                    ------------
Cash - End of Month - 04/30/08                       $55,458,623
                                                    ============

                     About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.

(American Home Bankruptcy News, Issue No. 41; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).   


AMERICAN HOME: AHMHI'S Submits April 30, 2008 Operating Report
--------------------------------------------------------------

              American Home Mortgage Holdings, Inc.
                Statement of Financial Condition
                      As of April 30, 2008

Assets:
   Cash and cash equivalents                              $1,000
   Accounts receivable                                   134,546
   Intercompany receivable                           133,113,519
   Investment in subsidiaries                       (536,498,921)
   Other assets                                                -
                                                    ------------
      Total Assets                                 ($403,249,856)
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Junior subordinated note                      $304,214,000
      Accrued expenses & other liabilities             4,733,868
      Intercompany payable                                     2
                                                    ------------
         Total Liabilities                           308,947,870

   Stockholders' Equity
      Additional paid-in capital                      94,597,810
      Retained earnings                             (806,795,536)
      Other comprehensive loss                                 -
                                                    ------------
         Total Stockholders' Equity                 (712,197,726)
                                                    ------------
Total Liabilities & Stockholders' Equity           ($403,249,856)
                                                    ============

              American Home Mortgage Holdings, Inc.
                       Statement of Income
                   Month Ended April 30, 2008

Non-interest income:
Income (loss) from subsidiaries                       $3,128,716
                                                    ------------
      Non-interest income                              3,128,716
                                                    ------------

Professional fees                                            325
                                                    ------------
      Total Expenses                                         325
                                                    ------------
Income (Loss) before income taxes                      3,128,391
Income taxes                                                   -
                                                    ------------
Net income                                            $3,128,391
                                                    ============

American Home Mortgage Holdings, Inc., discloses that its cash as
of April 1, 2008, was $1,000.  Since there were no cash receipts
and disbursements for April, AHM Holdings' cash at the end of the
month is still $1,000.

                     About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.

(American Home Bankruptcy News, Issue No. 41; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).   


AMERICAN HOME: Great Oak Submits April 30, 2008 Operating Report
----------------------------------------------------------------

                    Great Oak Abstract Corp.
                Statement of Financial Condition
                      As of April 30, 2008

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

Liabilities and Stockholders' Equity

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

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

Great Oak Abstract Corp. reports that its cash at the start of
April was $287,809.  Since there was no transaction for the whole
month, its cash remains at $287,809, as of April 30, 2008.

                     About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.

(American Home Bankruptcy News, Issue No. 41; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).   


AMERICAN HOME: AHMV Submits April 30, 2008 Operating Report
-----------------------------------------------------------

              American Home Mortgage Ventures, LLC
                Statement of Financial Condition
                      As of April 30, 2008

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

Liabilities and Stockholders' Equity

   Liabilities:
      Accrued expenses & other liabilities                 ($568)
      Intercompany payable                               157,332
                                                       ---------
         Total Liabilities                               156,764

   Stockholders' Equity
      Additional paid-in capital                         395,500
      Retained earnings                                   62,985
      Other comprehensive loss                                 -
                                                       ---------
         Total Stockholders' Equity                      458,485
                                                       ---------
Total Liabilities & Stockholders' Equity                $615,249
                                                       =========

              American Home Mortgage Ventures, LLC
                       Statement of Income
                   Month Ended April 30, 2008

Non-interest income:
Fee Income                                                     -
                                                       ---------
      Non-interest income                                      -
                                                       ---------

Professional fees                                           $325
                                                       ---------
      Total Expenses                                         325
                                                       ---------
Income (Loss) before income taxes                           (325)
Income taxes                                                   -
                                                       ---------
Net loss                                                   ($325)
                                                       =========

American Home Mortgage Ventures, LLC, discloses that its cash as
of April 1, 2008, was $613,049.  Since there were no cash  
receipts and disbursements for April, AHM Ventures' cash at the
end of the month is still $613,049.

                     About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.

(American Home Bankruptcy News, Issue No. 41; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).   


AMERICAN HOME: Homegate Submits April 30, 2008 Operating Report
---------------------------------------------------------------

               Homegate Settlement Services, Inc.
                Statement of Financial Condition
                      As of April 30, 20081

Assets:
   Cash and cash equivalents                            $209,659
   Restricted cash                                             -
   Intercompany receivable                                     -
   Premises and equipment, net                           233,715
   Other assets                                                -
                                                      ----------
      Total Assets                                      $443,374
                                                      ==========

Liabilities and Stockholders' Equity

   Liabilities:
      Accrued expenses & other liabilities            $2,552,889
      Intercompany payable                             9,031,007
      Income taxes payable                                   100
                                                      ----------
         Total Liabilities                            11,583,996

   Stockholders' Equity
      Additional paid-in capital                         250,000
      Retained earnings                              (11,390,622)
      Other comprehensive loss                                 -
                                                      ----------
         Total Stockholders' Equity                  (11,140,622)
                                                      ----------
Total Liabilities & Stockholders' Equity                $443,374
                                                      ==========

               Homegate Settlement Services, Inc.
                       Statement of Income
                   Month Ended April 30, 2008

Non-interest income:
Tax service income (fees)                                      -
                                                      ----------
      Non-interest income                                      -
                                                      ----------

Professional fees                                           $325
                                                      ----------
      Total Expenses                                         325
                                                      ----------
Income (Loss) before income taxes                           (325)
Income taxes                                                   -
                                                      ----------
Net loss                                                   ($325)
                                                      ==========

Homegate Settlement Services, Inc., discloses that its cash as of
April 1, 2008, was $209,659.  Since there was no transaction for
the whole month, Homegate Settlement's cash at the end of April
remains at $209,659.

                     About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.

(American Home Bankruptcy News, Issue No. 41; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


BHM TECHNOLOGIES: Midwest Stamping Files Assets & Debts Schedules
-----------------------------------------------------------------
Midwest Stamping & Manufacturing Co., a debtor-affiliate of bankrupt
BHM Technologies Holdings, Inc., filed its Schedules of Assets and
Debts, disclosing:

A.     Real Property                                        None

B.     Personal Property
B.2    Bank Accounts                               
         AP Disbursement - Account No. 225816                 $0
         Concentration - Account No. 459413               79,054
         Health Ins. Disbursement - Account No. 283937         0
         Workers Comp - Account No. 7281860606                 0
B.13   Business Interests and stocks                Undetermined
         http://bankrupt.com/misc/BHM_Subsidiaries.pdf
B.21   Other Contingent & Unliquidated Claims

       TOTAL SCHEDULED ASSETS                            $79,054
       =========================================================

C.     Property Claimed as Exempt                           None

D.     Secured Claim
         Lehman Commercial Paper, Inc.
           First Lien Deed of Trust                 $264,393,980

E.     Unsecured Priority Claims
         IRS - Federal Income Tax                   Undetermined
         Ohio - Franchise Tax                       Undetermined

F.     Unsecured Non-priority Claims
         SAC Domestic Investments, LP
           Second Lien Deed of Trust                  72,112,539
         Pension Claims by 8 Claimants              Undetermined

       TOTAL SCHEDULED LIABILITIES                  $336,506,519
       =========================================================

Headquartered in Ionia, Michigan, BHM Technologies Holdings Inc.
-- http://www.browncorp.com/-- manufactures and sells automobile  
parts including air bags and electrical systems.  It has
manufacturing facilites in Mexico and operates under Brown Corp.

BHM Technologies Holdings, Inc. and 14 affiliates filed separate
voluntary petitions under Chapter 11 on May 19, 2008 (Bankr. W.D.
Mich. Lead Case No. 08-04413).  Hannah Mufson McCollum, Esq., Kay
Standridge Kress, Esq., Robert S. Hertzberg, Esq., and Leon R.
Barson, Esq. of Pepper Hamilton LLP, represent the Debtors in their
restructuring efforts.  When the Debtors filed for bankruptcy, it
listed estimated assets and debts to be both between US$100 million
and US$500 million.

The Debtors have until Sept. 16, 2008, to exclusively file their
bankruptcy plan.  (BHM Technologies Bankruptcy News, Issue No. 8;
Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/
or 215/945-7000)


BHM TECHNOLOGIES: Morton Welding Files Assets and Debts Schedules
-----------------------------------------------------------------
Morton Welding Co., Inc., a debtor-affiliate of bankrupt BHM
Technologies Holdings, Inc., filed its Schedules of Assets and
Debts, disclosing:

A.     Real Property
         70 Commerce Dr., Morton, Ill.               $12,170,652

B.     Personal Property
B.1    Cash on hand                                        2,779
B.2    Bank Accounts                               
         Flex Spending Account - Account No. 981048860         0
         Operating - Account No. 981048836                64,574
         Payroll - Account No. 981048844                 (41,273)
         Short Term Investments - Account No. 981048844   24,000
B.3    Security Deposits                                   5,000
B.13   Business Interests and stocks                Undetermined
         http://bankrupt.com/misc/BHM_Subsidiaries.pdf
B.16   Accounts Receivable                      
         Accounts Receivable - Other                       1,683    
         Accounts Receivable - Trade                   5,239,857  
B.18   Other Liquidated Debts                             93,271
B.22   Patents
         Quick-connector for metalworking
           United States -- App. No. 11/741,915     Undetermined
B.23   Licenses
         Domain: http://www.mortonwelding.com      Undetermined
B.25   Vehicles                                           20,865
B.28   Office equipment, furnishings and supplies
         Furnitures and Fixtures                          86,094
B.29   Machinery    
         Machinery & Equipment                         9,228,050
B.30   Inventory                                    
         Inventory Finished Goods                      2,756,586
         Inventory Raw Materials Morton                1,578,740
         Inventory WIP Morton                          1,408,317

B.35   Other Personal Property
         Construction in Progress                        349,422
         Misc Accounts Receivable                         26,203

       TOTAL SCHEDULED ASSETS                        $33,014,819
       =========================================================

C.     Property Claimed as Exempt                           None

D.     Secured Claim
         Lehman Commercial Paper, Inc.
           First Lien Deed of Trust                 $264,393,980
         UCC Lien Holders
           Intertel Leasing Inc.                               0
           National City Bank of the Midwest                   0
           Prime Alliance Bank                                 0
           Raymond Leasing Corporation                         0

E.     Unsecured Priority Claims
           Tazewell County                               208,407
           Others                               $0 / Undetermined   
           See http://bankrupt.com/misc/BHM_MortonWeld_SkedE.pdf

F.   Unsecured Non-priority Claims
       SAC Domestic Investments, LP
         Second Lien Deed of Trust                    72,112,539
       Trade Claimants:
         Arle M. Jorgensen Company - chicago             590,353
         Etal-Matic, Inc.                                263,175
         Tazewell County Treasurer                       208,407
         Others                                        2,992,482
         See http://bankrupt.com/misc/BHM_MortonWeld_SkedF.pdf

     TOTAL SCHEDULED LIABILITIES                    $340,769,342
     ===========================================================

Headquartered in Ionia, Michigan, BHM Technologies Holdings Inc.
-- http://www.browncorp.com/-- manufactures and sells automobile  
parts including air bags and electrical systems.  It has
manufacturing facilites in Mexico and operates under Brown Corp.

BHM Technologies Holdings, Inc. and 14 affiliates filed separate
voluntary petitions under Chapter 11 on May 19, 2008 (Bankr. W.D.
Mich. Lead Case No. 08-04413).  Hannah Mufson McCollum, Esq., Kay
Standridge Kress, Esq., Robert S. Hertzberg, Esq., and Leon R.
Barson, Esq. of Pepper Hamilton LLP, represent the Debtors in their
restructuring efforts.  When the Debtors filed for bankruptcy, it
listed estimated assets and debts to be both between US$100 million
and US$500 million.

The Debtors have until Sept. 16, 2008, to exclusively file their
bankruptcy plan.  (BHM Technologies Bankruptcy News, Issue No. 8;
Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/
or 215/945-7000).


BHM TECHNOLOGIES: The Brown Co. Files Assets, Debts Schedules
-------------------------------------------------------------
The Brown Co. International, LLC, a debtor-affiliate of bankrupt
BHM Technologies Holdings, Inc., filed its Schedules of Assets and
Debts, disclosing:

A.     Real Property                                        None

B.     Personal Property
B.2    Bank Accounts                               
         Misc Checking - Acct No. 1255533 JP Morgan       $2,276
B.13   Business Interests and stocks                Undetermined
         http://bankrupt.com/misc/BHM_Subsidiaries.pdf
B.16   Accounts Receivable                         
         Brown corporation de Saltillo                    36,381

       TOTAL SCHEDULED ASSETS                            $38,657
       =========================================================

C.     Property Claimed as Exempt                           None

D.     Secured Claim
         Lehman Commercial Paper, Inc. -
           First Lien Deed of Trust                 $264,393,980
         UCC Lien Holders:
           Pyper Tool & Engineering Inc.            Undetermined
           The Lincoln Electric Company             Undetermined
           The Lincoln Electric Company             Undetermined

E.     Unsecured Priority Claims
         IRS - Federal Income Tax                   Undetermined

F.     Unsecured Non-priority Claims
         SAC Domestic Investments, LP
           Second Lien Deed of Trust                  72,112,539

       TOTAL SCHEDULED LIABILITIES                  $336,506,519
       =========================================================

Headquartered in Ionia, Michigan, BHM Technologies Holdings Inc.
-- http://www.browncorp.com/-- manufactures and sells automobile  
parts including air bags and electrical systems.  It has
manufacturing facilites in Mexico and operates under Brown Corp.

BHM Technologies Holdings, Inc. and 14 affiliates filed separate
voluntary petitions under Chapter 11 on May 19, 2008 (Bankr. W.D.
Mich. Lead Case No. 08-04413).  Hannah Mufson McCollum, Esq., Kay
Standridge Kress, Esq., Robert S. Hertzberg, Esq., and Leon R.
Barson, Esq. of Pepper Hamilton LLP, represent the Debtors in their
restructuring efforts.  When the Debtors filed for bankruptcy, it
listed estimated assets and debts to be both between US$100 million
and US$500 million.

The Debtors have until Sept. 16, 2008, to exclusively file their
bankruptcy plan.  (BHM Technologies Bankruptcy News, Issue No. 8;
Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/
or 215/945-7000).


BHM TECHNOLOGIES: Brown Co. Files Assets and Debts Schedules
------------------------------------------------------------
The Brown Co. of Ionia, LLC, a debtor-affiliate of bankrupt BHM
Technologies Holdings, Inc., files its Schedules of Assets and
Debts, disclosing:

A.     Real Property                          
         314 S. Steele St., Ionia, Michigan           $1,725,657

B.     Personal Property
B.2    Bank Accounts                               
         Controlled disbursement -
           Account No. 152116 JP Morgan                  102,101
         Msc ckg -
           Account No. 1042177 Independent Bank            7,682
         Payroll Checking -
           Account No. 1010206 Independent Bank           16,255
         Petty cash checking -
           Account No. 72938202 Independent Bank           1,295
         ZBA -
           Account No. 1242673 JP Morgan                       0
B.3    Security Deposits                               
         Kohn, LLC - landlord                             10,208
         Other Assets Misc Deposits                        3,000
B.13   Business Interests and stocks                Undetermined
         http://bankrupt.com/misc/BHM_Subsidiaries.pdf
B.16   Accounts Receivable                         
         Brown Corporation de Saltillo                     8,939
         Midwest Stamping Edgerton                       588,573
         Other AR - Ionia                                179,641
         Trade AR - Ionia                              5,779,261
B.18   Other Liquidated Debts                        
         Business Tax Owned by State of Michigan          27,660
B.25   Vehicles                                         
         Semi Truck                                          450
         Vehicle > 50% business use                          850
B.28   Office equipment, furnishings and supplies
         Furniture & Fixtures                              8,629
         Tech-Communications                                 512
         Technical Other                                   8,891
B.29   Machinery                                       6,146,947
B.30   Inventory                                   
         Inventory Finished Goods                        587,678
         Inventory Raw Materials                         382,539
         Inventory WIP                                   691,977
B.35   Other Personal Property
         Other Assets Empty Advances                         110
         Other Assets Empty Tools                          2,011

       TOTAL SCHEDULED ASSETS                        $14,555,209
       =========================================================

C.     Property Claimed as Exempt

D.     Secured Claim
         Lehman Commercial Paper, Inc. -
           First Lien Deed of Trust                 $264,393,980
         UCC Lien Holders                           Undetermined

E.     Unsecured Priority Claims
         Various claimants of
           potential Employee Claims                Undetermined

F.     Unsecured Non-priority Claims
         SAC Domestic Investments, LP -  
           Second Lien Deed of Trust                  72,112,539
         Trade Claimants                               4,999,610
         http://bankrupt.com/misc/BHM_BrownIonia_TradeClaims.pdf

       TOTAL SCHEDULED LIABILITIES                   $77,112,149
       =========================================================

Headquartered in Ionia, Michigan, BHM Technologies Holdings Inc.
-- http://www.browncorp.com/-- manufactures and sells automobile  
parts including air bags and electrical systems.  It has
manufacturing facilites in Mexico and operates under Brown Corp.

BHM Technologies Holdings, Inc. and 14 affiliates filed separate
voluntary petitions under Chapter 11 on May 19, 2008 (Bankr. W.D.
Mich. Lead Case No. 08-04413).  Hannah Mufson McCollum, Esq., Kay
Standridge Kress, Esq., Robert S. Hertzberg, Esq., and Leon R.
Barson, Esq. of Pepper Hamilton LLP, represent the Debtors in their
restructuring efforts.  When the Debtors filed for bankruptcy, it
listed estimated assets and debts to be both between US$100 million
and US$500 million.

The Debtors have until Sept. 16, 2008, to exclusively file their
bankruptcy plan.  (BHM Technologies Bankruptcy News, Issue No. 8;
Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/
or 215/945-7000).


BUFFETS HOLDINGS: Posts $537MM Net Loss for Month Ended July 2
--------------------------------------------------------------

                      Buffets Holdings, Inc.
                          Balance Sheet
                       As of July 2, 2008

                              ASSETS

Current Assets:
Cash on Hand - drawer                                $1,522,533
Total depository account                              5,969,453
Temporary investments                                59,204,901
Cash                                                  1,943,935
                                                 --------------
Total cash & cash equivalents                        68,670,824

Receivables-landlord                                     38,756
Credit card receivables                               1,745,556
Intercompany                                                  0
Total rebates receivable                              5,730,691
Accounts receivable                                   1,011,489
Due to/From affiliate                                  (312,368)
                                                 --------------
Total Receivables                                     8,214,124

Inventory                                            30,399,995
                                                 --------------
Total Inventories                                    30,399,995

Restricted cash                                       2,376,786

Employee advances                                        27,925
Escrow deposits - short term                            814,382
Deposits - prefunded LC - current                     8,072,860
Prepaid car leases                                      110,333
Prepaid Insurance                                     1,655,660
Prepaid rent                                          7,791,609
Prepaid other                                         3,111,399
Prepaid advertising                                   8,617,067
Prepaid rent escrow                                     814,691
Notes receivable - short term                            11,614
                                                 --------------
Total prepaid expenses & other assets                31,027,540

Assets held for sale                                  2,132,000

Deferred income taxes - current                      14,370,000
Deferred tax valuation allowance - current          (14,370,000)
                                                 --------------
Total current assets                                142,821,268

Cabinet division inventory                            5,019,931
Corporate inventory                                     649,544
Proceeds of sale clearing account                             0
CIP - non system                                        851,825
Land                                                  9,298,836
Building                                              6,513,412
Accumulated depreciation - building                    (829,944)
Leasehold improvement                               165,208,183
Accumulated amortization                            (93,713,118)
Equipment                                           225,044,167
Accumulated depreciation - equipment               (135,015,410)
Automobile                                              199,173
Accumulated depreciation - auto                         (68,150)
Assets to be sold - PP&E                             14,833,294
Accumulated depreciation - assets to be sold            (31,211)
                                                 --------------
Total property, plant & equipment, net              197,960,530

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

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

Liquor licenses                                         343,681
Leasehold interest                                    1,544,471
Recipes                                               2,159,902
Trademark                                            56,600,000
                                                 --------------
Total other intangible assets                        60,648,054

Prepaid rent deposits                                   382,986
Deposits                                              6,437,114
Investments in subsidiaries                                   0
Interest rate swap                                            0
Total debt issuance costs                            39,272,249
Total accum. amortization debt issuance costs        (9,583,123)
Notes receivable from subsidiaries                            0
Total notes receivable - long term                       12,454
                                                 --------------
Total other noncurrent assets                        36,521,679
        
Total assets                                       $576,451,529
                                                 ==============

                LIABILITIES & SHAREHOLDERS' EQUITY

Current liabilities:
Accounts payable - prepetition                      $25,037,169
Accounts payable - postpetition                      34,776,933
COD Clearing                                                  0
Misc. accruals - restaurant level                     9,779,966
Misc accruals - WIS                                       4,545
Misc. accruals - corp level                           5,814,640
                                                 --------------
Total accounts payable                               75,413,252

Accrued 401(k)                                          797,865
Accrued payroll                                      11,710,319
Accrued bonus                                         3,888,856
Accrued payroll taxes                                 2,506,726
Accrued vacation                                      6,564,549
                                                 --------------
Total accrued compensation                           25,468,314

Accrued insurance - auto                                  7,713
Accrued insurance - general liability                14,167,000
Accrued insurance - other                             3,025,951
                                                 --------------
Total accrued insurance                              17,200,664

Accrued percentage rent                               1,076,595
Accrued interest - short term                        21,324,111
Accrued property taxes                                8,663,801
Accrued postage                                         (74,572)
Accrued advertising                                     593,060
Accrued liabilities - other                          17,009,787
Deferred income - current                               175,718
                                                 --------------
Total other accrued liabilities                      48,768,499

Gift certificates/gift cards                          4,811,043
Cash receipts suspense                                  300,460
Workers compensation payable                         22,696,205
Lease rejection claims reserve                       37,983,156
Sales/Use tax payable                                 7,718,277
Accrued restaurant closing costs                      1,688,039
                                                 --------------
Total accrued liabilities                           166,634,655

Income taxes payable                                   (987,761)
Estimated income taxes                                  346,047
                                                 --------------
Total income taxes payable                             (641,714)

Current maturities of long-term debt                  5,300,000
Short term borrowings                                56,300,000
Short term borrowings - DIP                          81,250,000
Short term borrowings - vendor LC draws               5,936,168
                                                 --------------
Total current liabilities                           390,192,362

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

Accrued rent                                         44,970,966

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

Long term sublease deposits                              33,905
Post retirement benefits payable                         21,483
Total deferred income                                 6,028,661

Total other long-term liabilities                     6,084,049

Total non-current liabilities                       924,278,160

Total liabilities                                 1,314,470,522

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

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

Accum other comprehensive income                         14,552

Dividends paid to shareholders                     (101,164,801)
Retained earnings                                   (99,076,749)
Level 8 profit/loss                                (537,904,640)
                                                 --------------
Retained earnings                                  (738,146,191)

Total shareholders' equity                         (738,018,993)

Total liabilities & Stockholders' equity           $576,451,529
                                                 ==============

                       Buffets Holdings, Inc.
                         Income Statement
                  For the month ended July 2, 2008      

Total sales                                      $1,588,450,157
Total food cost                                     552,807,557
Total labor                                         475,748,485
Operating costs                                     218,821,813
Occupancy costs                                     197,019,535

Total DIR & O/C                                     415,841,348
                                                 --------------
Total restaurant costs                            1,444,397,390
                                                 --------------
Restaurant profit                                   144,052,767

Total G&A Expense                                    69,919,339

Marketing                                            42,274,650
                                                 --------------
Total SG&A Expense                                  112,193,989         

Closed restaurant costs                               4,926,539
Impairment costs                                    404,747,146
Loss on litigation settlement                           130,826
Merger/integration costs                              4,471,773
Reorganization costs                                          0
Bonus - EBITDA Plan                                   1,899,999
                                                 --------------
Earnings from operations                           (384,317,505)

Other income (expense)
Franchise income                                        854,077
Interest income                                         212,349
Interest expense                                    (91,309,404)
Other income (expense)                                  122,716
Loss related to refinancing                          (1,950,528)
Reorganization Costs                                (58,749,930)
Net Worth Tax                                          (403,902)        
Intercompany                                                  -
                                                 --------------
Total other income (expense)                       (151,224,622)
                                                 --------------
Earnings before tax                                (535,542,128)

Net worth tax                                                 0
Income taxes                                          2,362,512
                                                 --------------
Net earnings (loss)                               ($537,904,640)
                                                 ==============

                      Buffets Holdings, Inc.
            Schedule of Cash Receipts & Disbursements   
                For the month ended July 2, 2008

Cash Receipts (inc. Sales tax):
Cash receipts                                          $95,062
Credit card                                             62,592
                                                 --------------
                                                        157,654
         
Receipts
(Gift card usage)                                             0
Rebates, other                                           1,064
                                                 --------------
Total cash receipts                                     158,718

Operating Disbursements:
A/P
   Check                                                 11,220
   EFT                                                   76,894
Change in trade terms                                         0

Payroll                                                  43,313
Rent (Cash occupancy)                                    16,356
Sales tax                                                10,644
Other operating                                              97
                                                 --------------
Total operating disbursements                           158,524
                                                 --------------
Net operating cash flows                                    194

Non-operating Disbursements (Receipts):
Income tax                                                   0
Total CapEx                                              4,205
Professional fees, inc. holdbacks                        2,565
Closed restaurant costs                                      0
Deposits (Utility)                                        (293)
Other                                                        0
Cash (Proceeds) from asset sales                          (887)
                                                 --------------
Total non-operating disbursements                         5,590

Financing Payments:
Interest expense                                        12,836
Interest (income)                                          (13)
DIP Fees/other                                               0
Principal payments                                       1,504
Total financing disbursements                            14,327
                                                 --------------
Total net disbursements                                 178,441

Net cash receipts (disbursements)                      ($19,723)
                                                 ==============

                      About Buffets Holdings

Headquartered in Eagan, Minnesota, Buffets Holdings Inc. --
http://www.buffet.com/-- is the parent company of Buffets,
Inc., which operates 626 restaurants in 39 states, comprised of
615 steak-buffet restaurants and eleven Tahoe Joe's Famous
Steakhouse restaurants, and franchises sixteen steak-buffet
restaurants in six states.  The restaurants are principally
operated under the Old Country Buffet, HomeTown Buffet, Ryan's and
Fire Mountain brands.  Buffets, Inc. employs approximately 37,000
team members and serves approximately 200 million customers
annually.

The company and all of its subsidiaries filed Chapter 11
protection on Jan. 22, 2008 (Bankr. D. Del. Case Nos. 08-10141 to
08-10158).  Joseph M. Barry, Esq., and Pauline K. Morgan, Esq., at
Young Conaway Stargatt & Taylor LLP, represent the Debtors in
their restructuring efforts.  The Debtors selected Epiq Bankruptcy
Solutions LLC as claims and balloting agent.

The U.S Trustee for Region 3 appointed seven creditors to serve on
an Official Committee of Unsecured Creditors.  The Committee
selected Otterbourg Steindler Houston & Rosen PC as counsel.

The Debtors' balance sheet as of Sept. 19, 2007, showed total
assets of $963,538,000 and total liabilities of $1,156,262,000.

As reported in the Troubled Company Reporter on Feb. 26, 2008,
the Court granted on February 22, 2008, final approval of the
Debtors' debtor-in-possession credit facility, consisting of
$85 million of new funding and $200 million carried over from the
company's prepetition credit facility.  (Buffets Holdings
Bankruptcy News, Issue No. 19; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).

                           *    *    *

As reported in the Troubled Company Reporter on June 16, 2008,
the Court further extended exclusive periods of the Debtors to (a)
file a Chapter 11 Plan through and including Sept. 30, 2008, and
(b) solicit acceptances of a plan through and including Dec. 1,
2008.


DUNMORE HOMES: Files June 2008 Monthly Operating Report
-------------------------------------------------------

                        Dunmore Home, Inc.
                          Balance Sheet
                       As of June 30, 2008

                             ASSETS

Current Assets:
Cash and cash equivalents - unrestricted             $2,291,612
Cash and cash equivalents - restricted                  350,000
Accounts receivable, net                                585,439
                                                    -----------
Total current assets                                  3,227,051

Property and Equipment:
Real property                                                 0
Machinery & equipment                                         0
Furniture & fixtures                                          0
Office equipment                                              0
Leasehold improvements                                        0
Vehicles                                                      0
                                                    -----------
Total Property and Equipment                                  0

Other Assets:
Loans to shareholders                                11,555,018
Deferred compensation funds                                   0
Other various                                           833,188
Investment in subs                                    6,439,764
                                                    -----------
Total Other Assets                                   18,827,970
                                                    -----------
Total Assets                                        $22,055,021
                                                    ===========

               LIABILITIES & SHAREHOLDERS' DEFICIT

Postpetition Liabilities:

Salaries & wages                                        $49,007
Accounts payable (trade)                                 10,680
Accrued professional fees                               962,986
Current portion of long-term debt                             0
                                                    -----------
Total postpetition liabilities                        1,022,673

Prepetition Liabilities:

Secured claims                                                0
Priority unsecured claims                               213,938
General unsecured claims                             27,271,509
                                                    -----------
Total prepetition liabilities                        27,485,447

Total liabilities                                    28,508,120
                                                    -----------

Shareholders' deficit:
Retained earnings                                    (1,147,744)
Capital stock                                            25,000
Additional paid-in capital                                    0
Cumulative profit                                    (5,330,355)
                                                    -----------
Total deficit                                        (6,453,099)
                                                    -----------
Total liabilities and shareholders' deficit         $22,055,021
                                                    ===========

                        Dunmore Home, Inc.
                     Statement of Operations
                For the month ended June 30, 2008

Revenues:
Rental/Leases                                                $0
Interest                                                 49,009
Other Income                                              8,088
                                                    -----------
Total revenues                                           57,097

Expenses:
Administrative                                            7,224
Interest                                                 23,250
Compensation to owners/officers                          56,658
Salaries                                                 19,708
Insurance                                                16,407
Depreciation                                                  0
Employer Payroll Taxes                                      659
Other Expenses                                                0
Legal & Loan Fees JMP paid by Mr. Dunmore                     0
                                                    -----------
Total expenses                                          123,906
                                                    -----------
Earnings before reorganization & income tax             (66,809)

Reorganization items:
Professional fees                                      (354,090)
Loss from sale of equipment                                   0
                                                    -----------
Total reorganization items                             (354,090)
                                                    -----------
Loss before income tax & discontinued operations       (420,899)
                                                    -----------
Income tax benefit                                            -
Loss before discontinued operations                           -
                                                    -----------
Discontinued operations:
Loss from discontinued operations                             -
                                                    -----------
Net loss                                              ($420,899)
                                                    ===========

                        Dunmore Home, Inc.
             Statement of Cash Receipts & Disbursements
                 For the month ended June 30, 2008

Cash Receipts:
Cash from sale                                               $0
Rent/leases collected                                         0
Other cash receipts                                       8,596
                                                    -----------
Total cash receipts                                       8,596

Cash disbursements:
Administrative                                           21,549
Salaries                                                 59,659
Commissions/Royalties                                    22,500
Salaries/Commissions (less employee withholding)         19,708
Employer payroll taxes                                      659
Consulting fees                                               0
Other                                                         0
Warranty work                                                 0
Legal & professional fees                                     0
                                                    -----------
Total cash disbursements                                124,075

Net decrease in cash                                   (115,479)

Cash balance, beginning of period                     2,374,440
                                                    -----------
Cash balance, end of period                          $2,258,961
                                                    ===========

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

In January 2008, the U.S. Bankruptcy Court for the Southern
District of New York ordered the transfer of Debtor's Chapter 11
case to the U.S. Bankruptcy Court for the Eastern District of
California, Sacramento Division.  The Debtor filed its plan of
liquidation and an accompanying disclosure statement on March 21,
2008.

The Debtor disclosed $20,743,147 in total assets and $250,252,312
in total debts in its schedules of assets and liabilities filed
with the Court.  

(Dunmore Bankruptcy News; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


KIMBALL HILL: 14 Affiliates Amend Schedules of Assets and Debts
---------------------------------------------------------------
A total of 14 debtor-affiliates of Kimball Hill Inc. amend their
Schedules of Assets and Liabilities to reflect certain changes to
Kimball Hill, Inc.'s Global Notes:

     * Kimball Hill Homes Dallas, L.P.,
     * Kimball Hill Homes Florida, Inc.,
     * Kimball Hill Homes Austin, L.P.,
     * KHH Texas Trading Company, L.P.,
     * 18th and Peoria, LLC,
     * Kimball Hill Homes San Antonio, L.P.,
     * Kimball Hill Homes Washington, Inc.,
     * Kimball Hill Homes Texas, Inc.,
     * National Credit and Guaranty Corp.,
     * Kimball Hill Far East Detroit, LLC,
     * Kimball Hill Urban Centers Chicago One L.L.C.,
     * The Hamilton Place Partnership,
     * KH Ingham Park South, LLC, and
     * Kimball Hill Homes Oregon, Inc.

Moreover, the Schedules of certain of the debtor affiliates
indicate changes in total liabilities reported:

   Debtor                                     Debts, as revised  
   ------                                     -----------------
   Kimball Hill Homes Dallas, L.P.               $580,642,726
   Kimball Hill Homes Florida, Inc.               599,206,464
   Kimball Hill Homes Austin, L.P.                549,065,554
   Kimball Hill Homes San Antonio, L.P.           545,472,682
   National Credit and Guaranty Corp.             530,374,667

                        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. 9;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


KIMBALL HILL: KH California Amends Schedules of Assets and Debts
----------------------------------------------------------------
Bradley R. Grining, vice president and controller of Kimball
Hill Inc., relates that Kimball Hill Homes California, Inc.,
have quantified certain previously undetermined secured claims in
its Schedules of Assets and Liabilities, increasing the reported
claims by $10,756,547.  The additional secured claims are:

        Claimant                          Claim Amount
        --------                          ------------
        B&D, Inc.                            $260,000         
        Creative Touch Interiors           10,000,000
        Premier Landscapes                     70,000
        Prosiding, Inc.                         5,695
        Valley Landscaping                    420,852

                       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. 9;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


KIMBALL HILL: KH Houston Amends Schedules of Assets and Debts
-------------------------------------------------------------
Bradley R. Grining, vice president and corporate controller of
Kimball Hill Inc., relates that Kimball Hill Homes Houston, L.P.,
has revised Schedule F of its Schedules to reflect total
unsecured non-priority claims, aggregating $232,863,550.  The
revised amount includes a $126,000 claim by MA Sedona Lakes, LP,
pertaining to an agreement to purchase a real property located in
Houston, Texas.

                       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. 9;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


KIMBALL HILL: KH Illinois Amends Schedules of Assets and Debts
--------------------------------------------------------------
Kimball Hill Homes Illinois LLC, amends its Schedules of Assets
and Liabilities to disclose an aggregate of $318,359,483 in
secured claims that includes:

       Claimant                                  Claim Amount
       --------                                  ------------
       All American Roofing                            $3,963
       Bestler Corp.                                   32,131
       Coleman Floor Company                            1,535
       Harris N.A., --  Senior Credit Facility    318,316,046
       Harris N.A. -- UCC Financing Statement    Undetermined
       Service Drywall & Decorating, Inc.               5,808
     
A full-text copy of the revised Schedule F Secured Claims is
available for free at:

             http://researcharchives.com/t/s?3042

The Debtor initially reported secured claims totaling
$318,316,046.

                       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. 9;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


LEVITT AND SONS: Delivers June 2008 Monthly Operating Report
------------------------------------------------------------

                       Levitt & Sons, LLC
             Monthly Financial Report for Business
                For the Period June 1 - 30, 2008

Cash, beginning of period                            $2,217,319

Receipts:
  Cash sales                                                  0
  Collection on postpetition A/R                              0
  Collection on prepetition A/R                               0
  Other receipts                                        371,908
                                                 --------------
Total receipts                                          371,908

Total cash available for operations                   2,589,227

Disbursements:
  U.S. Trustee quarterly fees                                 0
  Net payroll                                             5,067
  Payroll taxes paid                                      2,576
  Sales and use taxes                                         0
  Other taxes                                                 0
  Rent                                                        0
  Other leases                                                0
  Telephone                                                   0
  Utilities                                                  88
  Travel & entertainment                                      0
  Vehicle expenses                                            0
  Office supplies                                             0
  Advertising                                                 0
  Insurance                                                   0
  Purchases of fixed assets                                   0
  Purchases of inventory                                      0
  Manufacturing supplies                                      0
  Repairs & maintenance                                       0
  Payments to secured creditors                               0
  Other operating expenses                              802,590
                                                 --------------
Total cash disbursements                                810,322
                                                 --------------
Ending Cash Balance                                  $1,778,905
                                                 ==============

                      About Levitt and Sons

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

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

The Debtors have filed a Chapter 11 joint plan of liquidation.  
(Levitt and Sons Bankruptcy News, Issue No. 26; Bankruptcy
Creditors' Service Inc.; http://bankrupt.com/newsstand/or    
215/945-7000)


LEVITZ FURNITURE: Posts $671,000 Net Loss in June 2-30, 2008  
------------------------------------------------------------

                           PLVTZ, Inc.
                          Balance Sheet
                       As of June 30, 2008

ASSETS                                        
   Current Assets
      Cash                                           $217,000
      Accounts receivable, net                        614,000
                                                 ------------
      Total current assets                            831,000

   Other assets                                     3,966,000
                                                 ------------
TOTAL ASSETS                                       $4,797,000
                                                 ============

               Liabilities and Shareholders' Equity

Liabilities Not Subject to Compromise
   Current Liabilities:
      Accounts payable trade                       $4,022,000
      Accrued expenses                                846,000
      Customer Deposits                               945,000
                                                 ------------
      Total current liabilities                     5,813,000

Liabilities Subject to Compromise
      Term loan B                                  20,715,000
      Trade and other miscellaneous claims         44,859,000
      Customer Deposit                              2,398,000
                                                 ------------
      Total                                       $67,972,000
         
         TOTAL LIABILITIES                         73,785,000
                                                 ------------

Shareholder's (deficit):
      Preferred stock                              47,000,000
      Class A Common stock                        139,030,000
      Class B Common stock                         10,000,000
      Retained (deficit)                         (265,018,000)
                                                 ------------      
      Shareholder's deficit                       (68,988,000)

TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT          $4,797,000
                                                 ============

                           PLVTZ, Inc.
                      Statement of Operations
                 For the period June 2 to 30, 2008

Selling, operating and administrative Expenses       $671,000
Reorganization costs                                        0
                                                 ------------
Net Loss                                             $671,000
                                                 ============

                           PLVTZ, Inc.
                     Statement of Cash Flows
                 For the period June 2 to 30, 2008

Cash flows used in operating activities:
  Cash received/adjustment                           $617,000
  Cash received from Sales Agent                            -
  Cash paid to suppliers and employees             (1,092,000)
                                                 ------------  
  Net cash used in operating activities              (475,000)
                                                 ------------
Net decrease in cash and cash equivalents            (475,000)

Cash and cash equivalents at beginning of month       691,000
                                                 ------------
Cash and cash equivalents at end of month            $216,000
                                                 ============

PLVTZ' monthly operating report states that the company has
$813,000 in total current assets.  Actual computation, however,
shows that the total current assets is $831,000.

                  About Levitz Furniture/PVLTZ

Based in New York City, Levitz Furniture Inc., nka PVLTZ Inc. --
http://www.levitz.com/-- is a specialty retailer of furniture,
bedding and home furnishings in the United States.  It has 76
locations in major metropolitan areas, principally in the
Northeast and on the West Coast of the United States.

Levitz Furniture Inc. and 11 affiliates filed for chapter 11 on
Sept. 5, 1997.  In December 2000, the Court confirmed the Debtors'
Plan and Levitz emerged from chapter 11 on February 2001.  Levitz
Home Furnishings Inc. was created as the new holding company as a
result of the emergence.

Levitz Home Furnishings and 12 affiliates filed for chapter 11
protection on Oct. 11, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-
45189).  In their second filing, the Debtors disclosed about
$245 million in total assets and $456 million in total debts.
Nicholas M. Miller, Esq., and Richard H. Engman, Esq., at Jones
Day represented the Debtors.  Jeffrey L. Cohen, Esq., Jay R.
Indyke, Esq., and Cathy Hershcopf, Esq., at Cooley Godward Kronish
LLP served as counsel to the Official Committee of Unsecured
Creditors.  During this period, the Debtors closed around 35
stores in the Northeast, California, Minnesota and Arizona.

PLVTZ Inc., a company created by Prentice Capital Management LP,
and Great American Group purchased substantially all the assets of
Levitz Home Furnishings in December 2005.  Initially, Prentice
owned all of the equity interests in PLVTZ.  On July 6, 2007,
PLVTZ was converted into a Delaware corporation, and Harbinger
Capital Partners Special Situations Fund, LP, Harbinger Capital
Partners Master Fund I, Ltd., and their affiliates became minority
shareholders.  Great American's stake in the acquisition was in
running the going-out-of-business sales for some 27 Levitz units.

PLVTZ, dba Levitz Furniture, continued to face decline in
financial performance since December 2005.  Liquidity issues and
the inability to obtain additional capital prompted PLVTZ to seek
protection under chapter 11 on Nov. 8, 2007 (Bankr. S.D.N.Y. Lead
Case No. 07-13532).  Paul D. Leake, Esq., and Brad B. Erens, Esq.,
at Jones Day represents the Debtors in their restructuring
efforts.  Kurtzman Carson Consultants LLC serves as the Debtors'
claims and noticing agent.  The Debtor's schedules show total
assets of $123,842,190 and total liabilities of $76,421,661.

The Debtors' exclusive period to file a chapter 11 plan expired on
March 7, 2008.  On March 28, 2008, the Court dismissed the chapter
11 cases of Levitz II (Levitz Home Furnishings Inc., and its
remaining six debtor-affiliates).

(Levitz Bankruptcy News, Issue No. 42; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000).


QUEBECOR WORLD: Quebecor Memphis Submits Assets & Debts Schedules
-----------------------------------------------------------------
Quebecor Memphis Corp., debtor-affiliate of Quebecor World Inc.,
filed its schedules of assets and liabilities, disclosing:

A.   Real Property                                
        Building - Dyersburg, Tennessee             $18,791,585
        Building - Memphis, Tennessee                15,332,055
        Building - Covington, Tennessee              12,985,871
        Building - Clarksville, Tennessee            12,829,662
        Building - Dickson, Tennessee                 7,193,067
        Building - St. Cloud, Minnesota               2,380,147
        Land - Memphis, Tennessee                       897,154
        Land - Dyersburg, Tennessee                     599,697
        Land - Clarksville, Tennessee                   370,000
        Land - Dickson, Tennessee                       347,386
        Land - Covington, Tennessee                     260,400
        Land - St. Cloud, Minnesota                     194,683

B.   Personal Property
B.1  Cash on hand                                        12,475
B.2  Bank Accounts                                            0
B.3  Security Deposits                                        0
B.9  Interests in Insurance Policies                          0
B.12 Interests in IRA, ERISA, other Pension Plans             0
B.13 Business Interests and stocks                 Undetermined
B.14 Interests in partnerships                                0
B.15 Government and Corporate Bonds                           0
B.16 Accounts Receivable                                      0
B.18 Other Liquidated Debts                         
        Quebecor World (USA) Inc.                   690,370,000
        Quebecor World Olive Branch Inc.              7,782,000
        Quebecor World Rai Inc.                       3,466,000
        Quebecor World Retail Printing Corp.          1,913,000
        Quebecor World Atglen Inc.                    1,613,000
        Tennessee                                       600,000
        Quebecor World Kri Inc.                         418,000
        Quebecor World Mt. Morris II LLC                383,000
        Quebecor World Northeast Graphics Inc.          257,000
        Quebecor World Mid-South Press Corp.            237,000
        Quebecor World Century Graphics Corp.           189,000
        Quebecor World Hazleton Inc.                    111,000
        Quebecor World Kingsport Inc.                    92,000
        Quebecor World Book Services LLC                 79,000
        Quebecor World Dubuque Inc.                      61,000
        Quebecor World Great Western Pub Inc.            39,000
        WCP-D, Inc.                                      30,000
        Quebecor World Johnson & Hardin Co.              28,000
        Quebecor World Fairfield Inc.                    25,000
        Quebecor World Waukee Inc.                       15,000
        Quebecor World Loveland Inc.                      8,000
        Quebecor World Inc.                               3,000
        Quebecor World Acme Printing Company Inc.         1,000
        Quebecor World Lanman Companies, Inc.             1,000
B.20 Other Contingent & Unliquidated Claims                   0
B.21 Intellectual Property                                    0
B.22 Patents                                                  0
B.25 Vehicles                                                 0
B.27 Aircraft and accessories                                 0
B.28 Office equipment, furnishings and supplies          51,427
B.29 Machinery                                    
        Leasehold improvement - Clarksville, TN       2,379,389
        Machinery & Eqpt. - Clarksville, Tennessee   52,930,410
        Machinery & Eqpt. - Memphis, Tennessee       45,903,121
        Machinery & Eqpt. - Dyersburg, Tennessee     42,071,159
        Machinery & Eqpt. - Dickson, Tennessee       22,234,693
        Machinery & Eqpt. - St. Cloud, Minnesota     21,615,139
        Machinery & Eqpt. - Covington, Tennessee     18,181,365
B.30 Inventory                                     
        Raw materials - St. Cloud, Minnesota          6,752,790
        Raw materials - Clarksville, Tennessee        2,895,022
        Raw materials - Dickson, Tennessee            2,618,837
        Raw materials - Dyersburg, Tennessee          1,918,342
        Raw materials - Memphis, Tennessee            1,850,837
        Raw materials - Covington, Tennessee          1,683,857
        Spare parts - Dyersburg, Tennessee            1,118,474
        Spare parts - Clarksville, Tennessee            921,854
        Spare parts - Memphis, Tennessee                863,813
        Spare parts - Covington, Tennessee              762,594
        Spare parts - Dickson, Tennessee                364,482
        Spare parts - St. Cloud, Minnesota              170,519
        Work in progress - Dyersburg, Tennessee       3,859,622
        Work in progress - Clarksville, Tennessee     2,051,847
        Work in progress - Covington, Tennessee       1,475,614
        Work in progress - St. Cloud, Minnesota       1,334,401
        Work in progress - Dickson, Tennessee           618,706
B.35 Other Personal Property
       Other prepaid                                    320,000
       Prepaid postage                                  141,000

       TOTAL SCHEDULED ASSETS                    $1,017,004,496
       ========================================================

C.   Property Claimed as Exempt

D.   Secured Claim
        Royal Bank of Canada                       $727,080,000
        Societe Generale (Canada)                   150,500,000
        Fast Electrical Contractors, Inc.                34,000
        John Bouchard & Sons Co.                         12,406
        ABN Amro Bank, N.V.                        Undetermined
        Computershare Trust Company of Canada      Undetermined
        Computershare Trust Company of Canada      Undetermined
        Fleet Capital Corporation                  Undetermined
        Man Roland Inc.                            Undetermined
        Dyer County Industrial Development Board   Undetermined
        Memphis Industrial Development Board       Undetermined
        Montgomery Industrial Development Board    Undetermined
        U.S. Bank National Association             Undetermined

E.   Unsecured Priority Claims                        4,248,101
F.   Unsecured Non-priority Claims
        Quebecor World Systems Inc.                 217,670,000
        Quebecor World A Islandi EHF                152,260,000
        Quebecor World Printing (USA) Corp.          39,814,000
        Quebecor World Logistics, Inc.               13,145,000
        Quebecor Printing Holding Company             6,310,000
        Quebecor World Petty Printing Inc.            3,058,000
        Quebecor World New York Corp.                 2,834,000
        Abitibi Consolidated Sales                    1,382,013
        Cellmark Paper Inc.                           1,042,524
        Other trade payables                         18,686,505

        TOTAL SCHEDULED LIABILITIES              $1,338,076,549
        =======================================================

                       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 Sept. 30, 2008.  (Quebecor World Bankruptcy
News, Issue No. 22; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


QUEBECOR WORLD: QW Capital Submits Assets and Debts Schedules
-------------------------------------------------------------
Quebecor World Capital Corporation, debtor-affiliate of Quebecor
World Inc., filed its schedules of assets and liabilities,
disclosing:

A.   Real Property                                          $0

B.   Personal Property
B.1  Cash on hand                                            0
B.2  Bank Accounts                                           0
B.3  Security Deposits                                       0
B.9  Interests in Insurance Policies                         0
B.12 Interests in IRA, ERISA or other Pension Plans          0
B.13 Business Interests and stocks                Undetermined
B.14 Interests in partnerships                               0
B.15 Government and Corporate Bonds
B.16 Accounts Receivable                                     0
B.18 Other Liquidated Debts
        Quebecor World (USA) Inc.                  642,088,000
B.20 Other Contingent & Unliquidated Claims                  0
B.21 Intellectual Property                                   0
B.22 Patents                                                 0
B.25 Vehicles                                                0
B.27 Aircraft and accessories                                0
B.28 Office equipment, furnishings and supplies              0
B.29 Machinery                                               0
B.30 Inventory                                               0
B.35 Other Personal Property                                 0

        TOTAL SCHEDULED ASSETS                    $642,088,000
        ======================================================

C.  Property Claimed as Exempt                              $0
D.  Secured Claim                                            0
E.  Unsecured Priority Claims                     Undetermined

F.  Unsecured Non-priority Claims
       Wilmington Trust Company                    404,491,667
       Wilmington Trust Company                    201,787,500
       Quebecor Printing Holding Company             2,249,000
       Bank of New York Trust Company, .N.A.         3,308,529
       Quebecor World Inc.                              86,000
       Graphic Communications                     Undetermined
       Graphic Communications                     Undetermined
       Pension Benefit Guaranty Corporation       Undetermined
       State Street Bank & Trust Company, N.A.    Undetermined
       The IAM National Pension Fund              Undetermined

       TOTAL SCHEDULED LIABILITIES                $611,922,696
       ========================================================

                       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 Sept. 30, 2008.  (Quebecor World Bankruptcy
News, Issue No. 22; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


QUEBECOR WORLD: QW Capital II Submits Assets & Debts Schedules
--------------------------------------------------------------
Quebecor World Capital II, LLC, debtor-affiliate of Quebecor World
Inc., filed its schedules of assets and liabilities, disclosing:

A.   Real Property                                           $0  

B.   Personal Property
B.1  Cash on hand                                             0
B.2  Bank Accounts                                            0
B.3  Security Deposits                                        0
B.9  Interests in Insurance Policies                          0
B.12 Interests in IRA, ERISA or other Pension Plans           0
B.13 Business Interests and stocks
B.14 Interests in partnerships                                0
B.15 Government and Corporate Bonds
B.16 Accounts Receivable                                      0
B.18 Other Liquidated Debts
        Quebecor Printing Holding Company           250,815,000
        Quebecor World (USA) Inc.                   244,595,000
        Quebecor World Rai Inc.                      18,282,000
B.20 Other Contingent & Unliquidated Claims                   0
B.21 Intellectual Property                                    0
B.22 Patents                                                  0
B.25 Vehicles                                                 0
B.27 Aircraft and accessories                                 0
B.28 Office equipment, furnishings and supplies               0
B.29 Machinery                                                0
B.30 Inventory                                                0
B.35 Other Personal Property                                  0

        TOTAL SCHEDULED ASSETS                     $513,692,000
        =======================================================

C.   Property Claimed as Exempt                              $0
D.   Secured Claim                                            0
E.   Unsecured Priority Claims                     Undetermined
F.   Unsecured Non-priority Claims
        Quebecor World Capital II GP                512,033,000
        Wilmington Trust Company                    463,781,250
        Wilmington Trust Company                    420,181,688
        Graphic Communications                     Undetermined
        Graphic Communications                     Undetermined
        Pension Benefit Guaranty Corporation       Undetermined
        State Street Bank & Trust Company,         Undetermined
        The IAM National Pension Fund              Undetermined

        TOTAL SCHEDULED LIABILITIES              $1,395,995,938
        =======================================================

                       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 Sept. 30, 2008.  (Quebecor World Bankruptcy
News, Issue No. 22; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


QUEBECOR WORLD: QW Capital II GP Submits Assets & Debts Schedules
-----------------------------------------------------------------
Quebecor World Capital II GP, debtor-affiliate of Quebecor World
Inc., filed its schedules of assets and liabilities, disclosing:

A.   Real Property                                           $0  

B.   Personal Property
B.1  Cash on hand                                             0
B.2  Bank Accounts                                            0
B.3  Security Deposits                                        0
B.9  Interests in Insurance Policies                          0
B.12 Interests in IRA, ERISA or other Pension Plans           0
B.13 Business Interests and stocks
B.14 Interests in partnerships                                0
B.15 Government and Corporate Bonds
B.16 Accounts Receivable                                      0
B.18 Other Liquidated Debts
        Quebecor World Capital II LLC               512,033,000
        Federal Agencies                                 53,027
        Quebecor Printing Holding Company                 1,000
B.20 Other Contingent & Unliquidated Claims                   0
B.21 Intellectual Property                                    0
B.22 Patents                                                  0
B.25 Vehicles                                                 0
B.27 Aircraft and accessories                                 0
B.28 Office equipment, furnishings and supplies               0
B.29 Machinery                                                0
B.30 Inventory                                                0
B.35 Other Personal Property                                  0
        Other prepaid                                    13,000

        TOTAL SCHEDULED ASSETS                     $512,100,027
        =======================================================

C.   Property Claimed as Exempt                             $0
D.   Secured Claim                                           0
E.   Unsecured Priority Claims                    Undetermined
F.   Unsecured Non-priority Claims
        Wilmington Trust Company                   463,781,250
        Wilmington Trust Company                   420,181,688
        Quebecor World Inc.                            557,000
        Quebecor World (USA) Inc.                      114,000
        Graphic Communications                    Undetermined
        Graphic Communications                    Undetermined
        Pension Benefit Guaranty Corporation      Undetermined
        State Street Bank & Trust Company         Undetermined
        The IAM National Pension Fund             Undetermined

        TOTAL SCHEDULED LIABILITIES               $884,633,938
        ======================================================

                       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 Sept. 30, 2008.  (Quebecor World Bankruptcy
News, Issue No. 22; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


QUEBECOR WORLD: QW Logistics Submits Assets and Debts Schedules
---------------------------------------------------------------
QW Logistics, Inc., debtor-affiliate of Quebecor World Inc., filed
its schedules of assets and liabilities, disclosing:

A.   Real Property                                           $0  

B.   Personal Property
B.1  Cash on hand                                             0
        Logistic Express                                    200
B.2  Bank Accounts                                            0
B.3  Security Deposits                                        0
B.9  Interests in Insurance Policies                          0
B.12 Interests in IRA, ERISA or other Pension Plans           0
B.13 Business Interests and stocks                            0
B.14 Interests in partnerships                                0
B.15 Government and Corporate Bonds                           0
B.16 Accounts Receivable                                      0
B.18 Other Liquidated Debts
        Quebecor World (USA), Inc.                   41,172,000
        Quebecor World Petty Printing Inc.           18,235,000
        QW Memphis Corp.                             13,145,000
        Quebecor World Book Services LLC             10,838,000
        Quebecor World Atlanta II LC                  8,252,000
        Quebecor World Dallas LP                      8,501,000
        Quebecor World Northeast Graphics Inc.        6,532,000
        Quebecor World Kri Inc.                       5,776,000
        Quebecor World Rai Inc.                       5,771,000
        Quebecor World Pendell Inc.                   5,560,000
        Quebecor World Eusey Press Inc.               4,028,000
        Quebecor World Atglen Inc.                    3,953,000
        Quebecor World Infiniti Graphics Inc.         3,203,000
        Quebecor World Johnson & Hardin Co.           2,778,000
        Quebecor World Fairfield Inc.                 2,700,000
        Quebecor World Olive Branch Inc.              2,605,000
        Quebecor World Hazleton Inc.                  2,083,000
        Quebecor World Lincoln Inc.                   2,079,000
        Quebecor World Kingsport Inc.                 1,775,000
        Quebecor World Mt. Morris II LLC              1,945,000
        WCZ, LLC                                      1,520,000
        QW Queretaro S.A.                             1,350,000
        Quebecor World Impreandes Bogota S.A.         1,305,000
        QW Mexico D.F.                                1,294,000
        Quebecor World San Jose Inc.                    790,000
        Quebecor World Nevada Inc.                      746,000
        WCP-D, Inc.                                     703,000
        Quebecor World Dubuque Inc.                     664,000
        Quebecor World Inc.                             604,000
        Quebecor World Waukee Inc.                      563,000
        Quebecor World Acme Printing Company Inc.       540,000
        QW Peru S.A. 100%                               476,000
        Quebecor World New York Corp.                   454,000
        Quebecor World Mid-South Press Corp             447,000
        Quebecor World Loveland Inc.                    392,000
        Quebecor World Retail Printing Corp.            379,000
        Quebecor World Orlanda L.C.                     338,000
        Quebecor World Packaging Graphics Inc.          390,000
        Quebecor World Century Graphics Corp.           291,000
        Quebecor World Great Western Pub Inc.           142,000
        New Jersey - Trenton NJ, USA                    126,125
        Quebecor World Aires S.A.                        69,000
        Georgia - Atlanta GA, USA                        35,957
        Quebecor World Sayers Inc.                       29,000
        Quebecor World Lanman Companies, Inc.            22,000
        Quebecor World Magna Graphic Inc.                17,000
        Lousiana - Baton Rouge LA, USA                    7,498
        Oregon (Unitary) - Salem OR, USA                  7,504
        OR - Multnomah City Portland City - Portland      3,100
        Michigan - Lansing MI, USA                        3,000
        Quebecor World Detroit Inc.                       3,000
        Sormlands Grafiska AB                             1,000
B.20 Other Contingent & Unliquidated Claims                   0
B.21 Intellectual Property                                    0
        Quebecor World Logistics Inc.              Undetermined
        Quebecor World Logistics Inc.              Undetermined
B.22 Patents                                                  0
B.25 Vehicles                                                 0
B.27 Aircraft and accessories                                 0
B.28 Office equipment, furnishings and supplies
        Computer & Equipment                            260,820
        Furniture & Fixtures                             68,289
B.29 Machinery
        Machinery & Equipment                           392,609
        Leasehold Improvements                           66,367
B.30 Inventory
        Work In Progress                                104,398
B.35 Other Personal Property
        Prepaid Postage                                 208,000
        Prepaid Rent & Leases                           156,000
        Other Prepaid                                    30,000
        Prepaid Insurance                                 2,000

        TOTAL SCHEDULED ASSETS                     $165,931,667
        ========================================================

C.   Property Claimed as Exempt                              $0

D.   Secured Claim
        Cupertino National Bank                    Undetermined
        Greater Bay Bank N.A.                      Undetermined
        State of California                        Undetermined
        State of Illinois                                 2,097
        Toyota Motor Credit Corp.
Undetermined           

E.   Unsecured Priority Claims                        1,246,680
     See http://ResearchArchives.com/t/s?300a

F.   Unsecured Non-priority Claims                  890,025,495
     See http://ResearchArchives.com/t/s?300b

        TOTAL SCHEDULED LIABILITIES                $891,274,272
        ========================================================

                       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 Sept. 30, 2008.  (Quebecor World Bankruptcy
News, Issue No. 22; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


QUEBECOR WORLD: QW Systems Submits Assets and Debts Schedules
-------------------------------------------------------------
Quebecor World Systems, Inc., debtor-affiliate of Quebecor World
Inc., filed its schedules of assets and liabilities, disclosing:

A.   Real Property                                          $0

B.   Personal Property
B.1  Cash on hand                                            0
B.2  Bank Accounts                                           0
B.3  Security Deposits                                       0
B.9  Interests in Insurance Policies                         0
B.12 Interests in IRA, ERISA or other Pension Plans          0
B.13 Business Interests and stocks                Undetermined
B.14 Interests in partnerships                               0
B.15 Government and Corporate Bonds                          0
B.16 Accounts Receivable                                     0
B.18 Other Liquidated Debts
        Quebecor World (USA) Inc.                1,045,827,000
        QW Memphis Corp.                           217,670,000
        Quebecor World Atglen Inc.                 110,946,000
        Quebecor World Kri Inc.                    103,690,000
        Quebecor World Petty Printing Inc.          77,225,000
        Quebecor World Rai Inc.                     69,823,000
        Quebecor World Pendell Inc.                 58,231,000
        Quebecor World Nevada Inc.                  56,303,000
        Quebecor World Johnson & Hardin Co.         53,887,000
        Quebecor World Great Western Pub Inc.       53,699,000
        Quebecor World Northeast Graphics Inc.      51,777,000
        Quebecor World San Jose Inc.                49,253,000
        Quebecor World Mt. Morris II LLC            42,141,000
        Quebecor World Lincoln Inc.                 40,629,000
        Quebecor World Dallas LP                    39,465,000
        Quebecor World Book Services LLC            39,033,000
        Quebecor World Mid - South Press Corp.      38,914,000
        WCZ, LLC                                    32,055,000
        Quebecor World New York Corp.               31,082,000
        Quebecor World Olive Branch Inc.            26,224,000
        Quebecor World Century Graphics Corp.       26,151,000
        Quebecor World Retail Printing Corp.        24,928,000
        Quebecor World Atlanta II LLC               24,198,000
        Quebecor World Waukee Inc.                  18,174,000
        Quebecor World Loveland Inc.                15,218,000
        Quebecor World Dubuque Inc.                 11,683,000
        Quebecor World Hazleton Inc.                11,484,000
        Quebecor World Eusey Printing               11,140,000
        Quebecor World Kingsport Inc.                8,317,000
        Quebecor World Infiniti Graphics Inc.        6,918,000
        Quebecor World Fairfield Inc.                5,113,000
        Quebecor World Orlanda L.C.                    493,000
        WCP-D, Inc.                                    466,000
        QW Acme Printing Company Inc                    86,000
        Quebecor World Magna Graphic Inc.                4,000
        Quebecor World Packaging Graphics Inc.           3,000
B.20 Other Contingent & Unliquidated Claims                  0
B.21 Intellectual Property                                   0
B.22 Patents                                                 0
B.25 Vehicles                                                0
B.27 Aircraft and accessories                                0
B.28 Office equipment, furnishings and supplies              0
B.29 Machinery                                               0
B.30 Inventory                                               0
B.35 Other Personal Property                                 0

        TOTAL SCHEDULED ASSETS                  $2,402,250,000
        ======================================================

C.   Property Claimed as Exempt                             $0
D.   Secured Claim                                           0
E.   Unsecured Priority Claims                    Undetermined
F.   Unsecured Non-priority Claims
        Royal Bank of Canada                       727,080,000
        Societe Generale (Canada)                  150,500,000
        Quebecor Printing Holding Company          136,498,000
        Quebecor World A Island EHF                106,716,000
        Quebecor World Printing (USA)               16,240,000
        Quebecor World S.A.                          1,229,000
        Quebecor World Memphis LLC                   1,227,000
        Quebecor World Inc.                             23,000
        Midland Paper                                    9,222
        Office Depot                                       762
        Graphic Communications                    Undetermined
        Graphic Communications                    Undetermined
        Graphic Communications                    Undetermined
        Pension Benefit Guaranty Corporation      Undetermined
        State Street Bank & Trust Company         Undetermined
        The IAM National Pension Fund             Undetermined

        TOTAL SCHEDULED LIABILITIES             $1,139,522,984
        ======================================================

                       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 Sept. 30, 2008.  (Quebecor World Bankruptcy
News, Issue No. 22; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


SHARPER IMAGE: Reports $9.88 Million Net Loss in May 2008
---------------------------------------------------------

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

ASSETS

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

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

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

LIABILITIES AND OWNER'S EQUITY

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

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

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

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

Revenues:

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

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

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

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

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

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

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

Opening Balance                                     ($1,009,275)

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

Transfers

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

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

                       About Sharper Image

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

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

The Court extended the exclusive period during which the Debtor
may file a Plan through and including Sept. 16, 2008.  Sharper
Image sought and obtained the Court's approval to change its name
to "TSIC, Inc." in relation to an an Asset Purchase Agreement by
the Debtor with Gordon Brothers Retail Partners, LLC, GB Brands,
LLC, Hilco Merchant Resources, LLC, and Hilco Consumer Capital,
LLC.

(Sharper Image Bankruptcy News, Issue No. 16; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or          
215/945-7000)

                             *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
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                             *********

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

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

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

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