TCR_Public/080830.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, August 23, 2008, Vol. 12, No. 207

                             Headlines

ACCEPTANCE INSURANCE: Earns $1,309,162 in July 2008
AEGIS MORTGAGE: Files Operating Report for June 2008
AMERICAN HOME: AHM Corp. Files June 2008 Operating Report
AMERICAN HOME: AHMIC Files June 2008 Operating Report
AMERICAN HOME: AHMHI Files May 2008 Operating Report

AMERICAN HOME: AHMHI Files June 2008 Operating Report
AMERICAN HOME: AHMSI Files June 2008 Operating Report
AMERICAN HOME: AHMV Files May 2008 Operating Report
AMERICAN HOME: Great Oak Files May 2008 Operating Report
AMERICAN HOME: Homegate Files May 2008 Operating Report

ASARCO LLC: Files July 2008 Monthly Operating Report
BLUE WATER: Reports $3,666,416 Net Loss in July 2008
BOMBAY COMPANY: Submits April 2008 Monthly Operating Report
BOMBAY COMPANY: Submits May 2008 Monthly Operating Report
BOMBAY COMPANY: Submits June 2008 Monthly Operating Report

BOSCOV'S INC: Files Initial Monthly Operating Report
DURA AUTOMOTIVE: Files June 2008 Operating Report
FRONTIER AIRLINES: Files Schedules of Assets and Liabilities
FRONTIER AIRLINES: Parent Co. Files Schedules of Assets and Debts
HOMEBANC CORP: Reports $9,997,000 Net Loss in July 2008

LANDSOURCE COMMUNITIES: Files June 2008 Monthly Operating Report
LINENS N THINGS: LNT Merchandising Files Assets, Debts Schedules
NETBANK INC: Delivers June 2008 Monthly Operating Report
NETBANK INC: Delivers July 2008 Monthly Operating Report
NEW CENTURY: Reports $2,675,781 Net Loss in Month Ended June 20

NEWPOWER HOLDINGS: Files Operating Report for Month Ended June 30
PLASTECH ENGINEERED: Files February 2008 Monthly Operating Report
PLASTECH ENGINEERED: Decorating Systems Files February 2008 MOR
PLASTECH ENGINEERED: Exterior Files Feb. 2008 Operating Report
PLASTECH ENGINEERED: Frenchtown Files Feb. 2008 Operating Report

PLASTECH ENGINEERED: LDM Files Feb. 2008 Monthly Operating Report
PLASTECH ENGINEERED: LDM Mexico & Canada File February 2008 MOR
PLASTECH ENGINEERED: MBS Polymet Files Feb. 2008 Operating Report
PROGRESSIVE MOLDED: Unit Files Schedules of Assets & Liabilities
PROGRESSIVE MOLDED: THL-PMPL Files Schedules of Assets and Debts

PROPEX INC: Submits June 2008 Monthly Operating Report
REUNION INDUSTRIES: Earns $36,000 in Month Ended May 31, 2008
S & A RESTAURANT: Files Schedules of Assets and Debts
WELLMAN INC: Submits June 2008 Operating Report
WELLMAN INC: Submits July 2008 Operating Report

                             *********

ACCEPTANCE INSURANCE: Earns $1,309,162 in July 2008
---------------------------------------------------
Acceptance Insurance Companies, Inc. posted $23,882,515 in total
assets, $138,188,841 in total liabilities, and $114,306,326
stockholders' deficit as of July 31, 2008.

The Debtor generated $1,628 in revenue and earned $1,309,162,
including $1,385,704 equity in operating earnings in AIC.

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

                http://ResearchArchives.com/t/s?3179

                     About Acceptance Insurance

Headquartered in Council Bluffs, Iowa, Acceptance Insurance
Companies, Inc. -- http://www.aicins.com/-- owns, either directly
or indirectly, several companies, one of which is an insurance
company that accounts for substantially all of the business
operations and assets of the corporate groups.

The company filed for chapter 11 protection on Jan. 7, 2005
(Bankr. D. Nebr. Case No. 05-80059).  The Debtor's affiliates --
Acceptance Insurance Services, Inc. and American Agrisurance, Inc.
-- each filed chapter 7 petitions (Bankr. D. Nebr. Case Nos.
05-80056 and 05-80058) on Jan. 7, 2005.  John J. Jolley, Esq.,
at Kutak Rock LLP, represents the Debtor in its restructuring
efforts.  Lawyers at McGrath North Mullin & Kratz PC LLO.
represent the the Official Committee of Unsecured Creditors in
Acceptance Insurance's case.


AEGIS MORTGAGE: Files Operating Report for June 2008
----------------------------------------------------

                Aegis Mortgage Corporation, et al.
                    Consolidated Balance Sheet
                       As of June 30, 2008

Unrestricted Cash & Equivalents                     $32,018,806
Restricted Cash and Equivalents                      209,62,287    
                                                 --------------
  Total Cash and Cash Equivalents                    52,981,093        
                                                               
Prime loans                                              (5,659)
Nonconforming Loans                                           -
Loan Premium (Discount), net                          2,204,485
Repurchased Loans                                             -
Loan Loss Reserve                                             -
                                                 --------------
  Mortgage Loans Held for Sale                        2,198,826    

ABS Nonconforming                                 3,009,913,667
ABS Loan Premium (Discount), net                    (17,625,956)   
ABS Loan Loss Reserve                              (197,567,842)
                                                 --------------
  Mortgage Loans Held for Investment              2,794,719,870         
                                                               
Accrued Interest - Loans Held for Sale                        -
Accrued Int. - Loans Held for Investment             19,572,705        
                                                 --------------
Accrued Interest Receivable                          19,572,705
                                                               
Mortgage Servicing Rights                                     -
Property and Equipment, net                             238,309
Deferred Income Taxes                                77,310,076  
Goodwill                                                      -
Prepaid Rent and Deposits                               813,299   
Derivative Assets                                   (10,047,506)  
Receivable for Advances                              23,189,839
Servicer Related                                        298,752
Other Assets                                        638,645,913
Intercompany Receivable                                       0      
                                                 --------------
TOTAL ASSETS                                     $3,599,921,175
                                                 ==============

                Liabilities & Shareholder's Equity

N/P Warehouse - Prime                               540,186,233
N/P Warehouse - Nonconforming                        25,222,476   
N/P Warehouse - Other                                11,886,801   
N/P Warehouse - Repurchased                          11,933,754  
                                                 --------------
Warehouse and Repurchase Facilities                 589,229,263   

Bonds Payable                                     2,971,762,314
NAS IO Bonds Payable                                  1,070,667    
NIM Bonds Payable                                    52,989,614   
Bond Premium (Discount), net                        (21,021,627)   
                                                 --------------
  Bond Financing on Mortgage                      3,004,800,968
  Loans Held for Investment                          
                                                               
  Subordinated Debt                                 177,156,872
  Accrued Interest Payable                           11,344,485    
  Accounts Payable and
   Accrued Expenses                                  75,192,456   
  Notes Payable-Other                                         -
                                                 --------------
Total Liabilities                                 3,857,724,044    
                                                               
Common Stock                                             97,386
Preferred Stock                                         104,000  
Other Comprehensive Income                                    -
Paid in Capital                                      56,850,415   
NR Related to Common Stock                            5,890,925
Distributions                                             6,500
Treasury Stock                                                -
Dividends                                               (52,000)
Retained Earnings                                   (61,414,176)
Current Net Income Prepetition                     (154,178,153)
Current Net Income                                  (93,325,915)
                                                 --------------
Total Equity                                       (257,802,868)
                                                 --------------
TOTAL LIABILITIES & EQUITY                       $3,599,921,175  
                                                 ==============

                 Aegis Mortgage Corporation, et al.
                   Consolidated Income Statement
                        June 1 to 30, 2008

Loans Held for Sale
  Interest Income                                       $81,278
  Interest Expense                                            -         
  Servicing Expense                                        (961)    
                                                 --------------
  Net Interest Income                                    80,317

Loans Held for Investment
  Interest Income                                    22,227,740
  Interest Expense                                  (15,917,968)
  Servicing Expense                                  (1,312,218)
                                                 --------------
  Net Interest Income                                 4,997,554   
                                                               
Gains on Sale                                             2,553
Premiums Paid                                                 -
Loan Points                                                   -
Loan Origination Fees                                         -
Broker Fees Received                                          -
                                                 --------------
  Production Income                                       2,553
                                                               
Servicing and Prepayment Income                          47,813
Late Charges                                                  -
                                                 --------------
  Total Servicing Fees                                   47,813  
                                                               
Other Income (Loss)                                   1,842,940
                                                 --------------
Total Revenue                                         6,971,176      

Salaries                                                351,436
Bonuses                                                       -
Commissions                                                   -
Employee Benefits                                         1,644
Payroll Taxes                                            16,991
Meetings & Travel                                        (1,606)  
Meals & Entertainment                                       459
                                                 --------------
  Total Personnel Expenses                              368,924
                                                               
Rent                                                     45,806
Telephone                                                 4,418
Office Supplies                                            (361)
Shipping & Postage                                       (1,403)
Equipment                                                24,169
                                                 --------------
  Total Office Expenses
72,628                                                               

Professional Expense                                   (112,518)
Marketing                                                (1,140)   
Loan Related Expenses                                     5,868
Banking                                                       -      
Other Taxes/Licenses/Fees                                10,378
Other Expenses                                          129,050
                                                 --------------
  Total Other Expenses                                   31,638    
                                                               
  Direct Operating Expense                              473,190
  Direct Operating Income (Loss)                      6,497,986         
                                                               
Loan Loss Provision                                  26,500,053
Deferred SFAS 91 Expenses                                     -
Sub Debt Expense                                              -      
Depreciation Expense                                          -
Amortization                                                  -
Direct Allocation to Subs                                     -
Allocation Between Subs                                       -
                                                 --------------
  Indirect Operating Expense                         26,500,053    
                                                 --------------

Total Expenses                                       26,973,243
                                                     
Income (Loss) Before Taxes                          (20,002,066)
                                                               
Federal and State Income Taxes                           80,117
                                                 --------------
Net Income (Loss)                                  ($20,082,183)   
                                                 ==============

                Aegis Mortgage Corporation, et al.
                    Receipts and Disbursements
                        June 1 to 30, 2008

Cash Beginning of Month                              32,984,218

RECEIPTS:
Cash Sales                                                    0
Accounts Receivable                                      16,588
Loans and Advances                                            0        
Sale of Assets                                                0
Other--Interest on Cash Account                          47,492
Transfers (from DIP Accounts)                                 0
Reclass cash to restricted                                    0
                                                 --------------
   Total Receipts                                        64,081    

DISBURSEMENTS:
Net Payroll                                            (252,975)
Payroll Taxes                                          (115,608)
Sales, Use & Other Taxes                                 (4,603)
Inventory Purchases                                           0  
Secured/Rental/Leases                                   (21,790)        
Insurance--Health Benefits                               (8,392)       
Administrative                                         (460,801)        
Selling                                                       0
Other NSF's                                                   0
Owner Draw                                                    0
Transfers to DIP Accounts                                     0

Professional Fees                                      (166,821)  
U.S. Trustee Quarterly Fees                                   0      
Court Costs                                                   0
                                                 --------------
Total Disbursements                                  (1,030,993)
                                                 --------------
Net Cash Flow                                          (966,912)
                                                 --------------
Cash-End of Month                                   $32,017,306   
                                                 ==============

The cash entry in the balance sheet is $32,018,806.  However,
deducted by cash in "ABS" of $1,500, total cash would be
$32,017,306.

                       About Aegis Mortgage

Headquartered in Houston, Texas, Aegis Mortgage Corporation --
http://www.aegismtg.com/-- offers a variety of mortgage
loan            
products to brokers through its subsidiaries.  The company
together with 10 affiliates filed for chapter 11 protection on
Aug. 13, 2007 (Bankr. D. Del. Case No. 07-11119).  Curtis A. Hehn,
Esq., James E. O'Neill, Esq., Laura Davis Jones, Esq., and Timothy
P. Cairns, Esq., at Pachulski, Stang, Ziehl, & Jones, L.L.P.,
serve as counsel to the Debtors.  The Official Committee of
Unsecured Creditors is represented by Landis Rath & Cobb LLP. In
schedules filed with the Court, Aegis disclosed total assets of
$138,265,342 and total debts of $4,125,470.  

The Debtors exclusive period to file a plan expired on Aug. 7,
2008.  (Aegis Bankruptcy News, Issue No. 24; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHM Corp. Files June 2008 Operating Report
---------------------------------------------------------

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

Assets:
   Cash and cash equivalents                         $40,184,314
   Restricted cash                                     5,473,518
   Securities purchased under agreements                       -
   Accounts receivable                                29,523,842
   Intercompany receivable                           687,287,293
   Mortgage loans                                    516,306,700
   Derivative assets                                     743,601
   Mortgage servicing rights                          11,312,465
   Other real estate, net                             33,194,323
   Premises and equipment, net                        20,280,721
   Investment in subsidiaries                         73,951,871
   Other assets                                        3,097,387
                                                    ------------
      Total Assets                                $1,421,356,035
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Warehouse lines of credit                     $490,255,800
      Derivative liabilities                          10,481,560
      Accrued expenses & other liabilities           109,007,554
      Intercompany payable                         1,546,366,871
      Notes payable                                      890,619
      Income taxes payable                             1,876,522
                                                    ------------
         Total Liabilities                         2,158,878,926

   Stockholders' Equity
      Additional paid-in capital                     153,195,272
      Retained earnings                             (890,718,163)
      Other comprehensive loss                                 -
                                                    ------------
         Total Stockholders' Equity                 (737,522,891)
                                                    ------------
Total Liabilities & Stockholders' Equity          $1,421,356,035
                                                    ============

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

Net Interest Income:
   Interest income                                    $3,465,195
   Interest expense                                       (5,583)
                                                    ------------
      Net interest income                              3,459,612

   Provision for loan losses                                   -
                                                    ------------
      Net interest income after provision              3,459,612
        for loan losses

Non-Interest Income:
   Gain (loss) on mortgage loans                        (715,101)
   Loss (gain) on securities & derivatives                     -
   Loan servicing fees                                   117,461
   Changes in fair value of MSR                                -
   Income (loss) from subsidiaries                      (194,665)
   Other non-interest (loss) income                        9,473
                                                    ------------
      Non-interest income                               (782,832)

Expenses
   Salaries, commissions & benefits, net                 557,736
   Occupancy and equipment                               429,295
   Data processing and communications                     21,445
   Office supplies and expenses                           26,019
   Marketing and promotion                                10,194
   Travel and entertainment                              (18,362)
   Professional fees                                   3,406,283
   Other real estate operating expense                 9,845,189
   Other                                                (105,776)
                                                    ------------
      Total expenses                                  14,172,023

Income (Loss) before income taxes                    (11,495,243)
Income taxes                                                   -
                                                    ------------
Net loss                                            ($11,495,243)
                                                    ============

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

Cash - Beginning of Month, 06/01/2008                $34,326,310

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                              -
   Loans and advances                                 13,471,291
   Administrative                                              -
   Net payroll                                                 -
   Other                                                       -
   Transfers (from DIP accounts)                               -
                                                    ------------
      Total Receipts                                  13,471,291

Disbursements:
   Net payroll                                             1,132
   Payroll taxes                                               -
   Sales, use & other taxes                                    -
   Loans and advances                                          -
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                      1,079,339
   Selling                                                     -
   Other                                                       -
   Transfers (from DIP accounts)                       1,059,297
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                    ------------
      Total Disbursements                              2,139,769
                                                    ------------
      Net Cash Flow                                   11,331,522
                                                    ------------
Cash - End of Month - 06/30/08                       $45,657,832
                                                    ============
                        About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  The Creditors Committee also retained Hennigan,
Bennett & Dorman LLP, as special conflicts counsel, nunc pro tunc
to March 3, 2008.  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. 44; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHMIC Files June 2008 Operating Report
-----------------------------------------------------

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

Assets:
   Cash and cash equivalents                          $8,876,300
   Restricted cash                                   150,799,967
   Accounts receivable                                 3,700,171
   Intercompany receivable                         1,329,275,035
   Securities                                      1,151,147,752
   Derivative assets                                           5
   Investment in subsidiaries                       (932,436,665)
   Other assets                                                -
                                                    ------------
      Total Assets                                $1,711,362,565
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Reverse repurchase agreements                   $4,749,270
      Junior subordinated note                       180,416,000
      Derivative liabilities                          53,817,031
      Accrued expenses & other liabilities         1,237,404,359
      Intercompany payable                           585,275,186
                                                    ------------
         Total Liabilities                         2,061,661,846

   Stockholders' Equity
      Preferred stock - Series A                      50,856,875
      Preferred stock - Series B                      83,183,125
      Common Stock                                       543,074
      Additional paid-in capital                   1,057,864,155
      Retained earnings                           (1,542,746,510)
      Other comprehensive loss                                 -
                                                    ------------
         Total Stockholders' Equity                 (350,299,281)
                                                    ------------
Total Liabilities & Stockholders' Equity          $1,711,362,565
                                                    ============

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

Net Interest Income:
   Interest income                                    $3,059,215
   Interest expense                                            -
                                                    ------------
      Net interest income                              3,059,215

   Provision for loan losses                                   -
                                                    ------------
      Net interest income after provision              3,059,215
        for loan losses

Non-Interest Income:
   Loss on mortgage loans                                     13
   Loss on securities and derivatives                    723,013
   Gain (loss) from subsidiaries                     (11,568,430)
   Other non-interest income                                   -
                                                    ------------
      Non-interest income                            (10,845,404)

Other
   Data processing and communications                          -
   Professional fees                                          17
   Other expenses                                              -
                                                    ------------
      Total expenses                                          17

Loss before income taxes                              (7,786,206)
Income taxes                                                   -
                                                    ------------
Net loss                                             ($7,786,206)
                                                    ============

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

Cash - Beginning of Month, 06/01/2008               $163,243,035

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                              -
   Loans and advances                                          -
   Administrative                                              -
   Net payroll                                                 -
   Other                                                 340,032
   Transfers (from DIP accounts)                         986,089
                                                    ------------
      Total Receipts                                   1,326,122

Disbursements:
   Net payroll                                         1,911,684
   Payroll taxes                                               -
   Sales, use & other taxes                                    -
   Loans and advances                                    288,838
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                      2,692,368
   Selling                                                     -
   Other                                                       -
   Transfers (from DIP accounts)                               -
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                    ------------
      Total Disbursements                              4,892,890
                                                    ------------
      Net Cash Flow                                   (3,566,768)
                                                    ------------
Cash - End of Month - 06/30/08                      $159,676,267
                                                    ============
                       About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  The Creditors Committee also retained Hennigan,
Bennett & Dorman LLP, as special conflicts counsel, nunc pro tunc
to March 3, 2008.  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. 44; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHMHI Files May 2008 Operating Report
----------------------------------------------------

              American Home Mortgage Holdings, Inc.
                Statement of Financial Condition
                       As of May 31, 2008

Assets:
   Cash and cash equivalents                              $1,000
   Accounts receivable                                   134,546
   Intercompany receivable                           133,113,519
   Investment in subsidiaries                       (553,083,393)
   Other assets                                                -
                                                    ------------
      Total Assets                                 ($419,834,328)
                                                    ============

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                             (823,380,008)
      Other comprehensive loss                                 -
                                                    ------------
         Total Stockholders' Equity                 (728,782,198)
                                                    ------------
Total Liabilities & Stockholders' Equity           ($419,834,328)
                                                    ============

              American Home Mortgage Holdings, Inc.
                       Statement of Income
                    Month Ended May 31, 2008

Non-interest income:
Income (loss) from subsidiaries                     ($15,854,433)
Other non-interest income:                                     -
                                                    ------------
      Non-interest income [loss]                     (15,854,433)
                                                    ------------

Professional fees                                              -
                                                    ------------
      Total Expenses                                           0
                                                    ------------
Income (Loss) before income taxes                    (15,854,433)
Income taxes                                                   -
                                                    ------------
Net loss                                            ($15,854,433)
                                                    ============

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

                        About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  The Creditors Committee also retained Hennigan,
Bennett & Dorman LLP, as special conflicts counsel, nunc pro tunc
to March 3, 2008.  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. 44; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).  


AMERICAN HOME: AHMHI Files June 2008 Operating Report
-----------------------------------------------------

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

Assets:
   Cash and cash equivalents                              $1,000
   Accounts receivable                                   134,546
   Intercompany receivable                           133,113,341
   Investment in subsidiaries                       (565,102,981)
   Other assets                                                -
                                                    ------------
      Total Assets                                 ($431,854,094)
                                                    ============

Liabilities and Stockholders' Equity

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

   Stockholders' Equity
      Additional paid-in capital                      94,597,810
      Retained earnings                             (835,399,774)
      Other comprehensive loss                                 -
                                                    ------------
         Total Stockholders' Equity                 (740,801,964)
                                                    ------------
Total Liabilities & Stockholders' Equity           ($431,854,094)
                                                    ============

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

Non-interest income:
Income (loss) from subsidiaries                     ($12,000,258)
Other non-interest income:                                     -
                                                    ------------
      Non-interest income                            (12,000,258)
                                                    ------------

Professional fees                                              -
Other                                                        178
                                                    ------------
      Total Expenses                                         178
                                                    ------------
Income (Loss) before income taxes                    (12,000,436)
Income taxes                                                   -
                                                    ------------
Net loss                                            ($12,000,436)
                                                    ============

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

                        About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  The Creditors Committee also retained Hennigan,
Bennett & Dorman LLP, as special conflicts counsel, nunc pro tunc
to March 3, 2008.  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. 44; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHMSI Files June 2008 Operating Report
-----------------------------------------------------

             American Home Mortgage Servicing, Inc.
                Statement of Financial Condition
                       As of June 30, 2008

Assets:
   Cash and cash equivalents                          $2,958,123
   Restricted cash                                         1,570
   Securities purchased under agreements                       -
   Accounts receivable & servicing advances           10,420,390
   Intercompany receivable                           212,172,286
   Mortgage loans                                              -
   Premises and equipment, net                                 -
   Investment in subsidiaries                          9,727,945
   Other assets                                          750,799
                                                    ------------
      Total Assets                                  $236,031,113
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Warehouse lines of credit                                -
      Accrued expenses & other liabilities            $6,103,393
      Intercompany payable                           131,142,134
      Income taxes payable                             1,787,818
                                                    ------------
         Total Liabilities                           139,033,345

   Stockholders' Equity
      Additional paid-in capital                      37,000,200
      Retained earnings                               59,997,568
                                                    ------------
         Total Stockholders' Equity                   96,997,768
                                                    ------------
Total Liabilities & Stockholders' Equity            $236,031,113
                                                    ============

             American Home Mortgage Servicing, Inc.
                       Statement of Income
                    Month Ended June 30, 2008

Net interest income:
   Interest income                                             -
   Interest expense                                            -
   Provision for loan losses                                   -
                                                    ------------
   Net interest income after losses                            0

Non-Interest Income:
   (Loss) Gain on mortgage loans                               -
   Loan servicing fees                                         -
   Gain on sale of servicing platform                     $8,998
   Other non-interest income (loss)                            -
                                                    ------------
      Non-interest income                                  8,998

Expenses
   Salaries, commissions & benefits, net                       -
   Occupancy and equipment                                (2,469)
   Data processing and communications                          -
   Office supplies and expenses                                -
   Marketing and promotion                                     -
   Travel and entertainment                                    -
   Professional fees                                     179,972
   Other real estate operating expense                         -
   Other                                                  59,661
                                                    ------------
      Total expenses                                     237,164

Income (Loss) before income taxes                       (228,166)
Income taxes                                                   -
                                                    ------------
Net income [loss]                                      ($228,166)
                                                    ============

American Home Mortgage Servicing, Inc., also discloses that its
cash as of June 1, 2008, was $2,956,955.  Since it received
$2,738 from administration, AHM Servicing's cash at the end of
June increased to $2,959,693.

                       About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  The Creditors Committee also retained Hennigan,
Bennett & Dorman LLP, as special conflicts counsel, nunc pro tunc
to March 3, 2008.  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. 44; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).  


AMERICAN HOME: AHMV Files May 2008 Operating Report
---------------------------------------------------

               American Home Mortgage Ventures, LLC
                  Statement of Financial Condition
                        As of May 31, 2008

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

Liabilities and Stockholders' Equity

   Liabilities:
      Accrued expenses & other liabilities                ($568)
      Intercompany payable                              157,332
                                                   ------------
         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, also discloses that its
cash as of May 1, 2008, was $613,049.  Since there was no cash
receipts and disbursements for May, AHM Ventures' cash at the
end of the month is still $613,049.

                        About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  The Creditors Committee also retained Hennigan,
Bennett & Dorman LLP, as special conflicts counsel, nunc pro tunc
to March 3, 2008.  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. 44; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: Great Oak Files May 2008 Operating Report
--------------------------------------------------------

                      Great Oak Abstract Corp.
                  Statement of Financial Condition
                        As of May 31, 2008

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

Liabilities and Stockholders' Equity

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

   Stockholders' Equity
      Additional paid-in capital                         95,520
      Retained earnings                               1,048,564
      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
May was $287,809.  Since there was no transaction for the whole
month, its cash is still $287,809 as of May 31, 2008.

                       About American Home

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

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  The Creditors Committee also retained Hennigan,
Bennett & Dorman LLP, as special conflicts counsel, nunc pro tunc
to March 3, 2008.  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. 44; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: Homegate Files May 2008 Operating Report
-------------------------------------------------------

                  Homegate Settlement Services, Inc.
                  Statement of Financial Condition
                          As of May 31, 2008

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., also discloses that its cash
as of May 1, 2008, was $209,659.  Since there was no transaction
for the whole month, Homegate Settlement's cash at the end of
May is still $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.  The Creditors Committee also retained Hennigan,
Bennett & Dorman LLP, as special conflicts counsel, nunc pro tunc
to March 3, 2008.  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. 44; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


ASARCO LLC: Files July 2008 Monthly Operating Report
----------------------------------------------------

                        ASARCO LLC, et al.
                           Balance Sheet
                        As of July 31, 2008
        
ASSETS
   Current Assets:
   Cash                                        $1,158,227,000
   Restricted Cash                                 25,822,000
   Accounts receivable, net                       203,726,000
   Inventory                                      298,524,000
   Prepaid expenses                                 4,523,000
   Other current assets                            14,406,000
                                               --------------
Total Current Assets                            1,705,228,000
   
Net property, plant and equipment                 507,611,000
Other Assets   
   Investments in subs                            101,384,000
   Advances to affiliates                             675,000
   Prepaid pension & retirement plan                        0
   Non-current deferred tax asset                  40,949,000
   Other                                           70,083,000
                                               --------------
Total assets                                   $2,425,930,000
                                               ==============
        
LIABILITIES
   Postpetition liabilities:
   Accounts payable                               $81,095,000
   Accrued liabilities                            689,049,000
   Debtor-in-possession financing                           0
                                               --------------
   Total postpetition liabilities                 770,144,000
   Prepetition liabilities:
   Not subject to compromise - credit               3,277,000
   Not subject to compromise - other               86,483,000
   Advances from affiliates                        24,663,000
   Subject to compromise                        1,780,387,000
                                               --------------
   Total prepetition liabilities                1,894,809,000
                                               --------------
   Total liabilities                           $2,664,954,000
                                               ==============
   OWNERS' EQUITY (DEFICIT)
   Common stock                                   508,324,000
   Additional paid-in capital                     104,578,000
   Other comprehensive income                    (219,691,000)
   Retained earnings: filing date              (1,746,895,000)
                                               --------------
   Total prepetition owners' equity            (1,353,684,000)
   Retained earnings: post-filing date          1,114,661,000
                                               --------------
   Total owners' equity (net worth)              (239,024,000)
        
   Total liabilities and owners' equity        $2,425,930,000
                                               ==============

                        ASARCO LLC, et al.
                 Consolidated Statement of Operations
                    Month Ended July 31, 2008
        
   Sales                                         $164,418,000
   Cost of products and services                  101,193,000
                                               --------------
   Gross profit                                    63,225,000
        
   Operating expenses:
   Selling and general & admin expenses             3,280,000
   Depreciation & amortization                      2,933,000
   Accretion expense                                  103,000
                                               --------------
   Operating income                                56,908,000
        
   Interest expense                                    67,000
   Interest income                                 (1,363,000)
   Reorganization expenses                         10,810,000
   Other miscellaneous (income) expenses           (8,365,000)
                                               --------------
   Income (loss) before taxes                      55,759,000
   Income taxes                                    21,886,000
                                               --------------
   Net income (loss)                              $33,873,000
                                               ==============
        
                         ASARCO LLC, et al.
             Consolidated Cash Receipts & Disbursements
                    Month Ended July 31, 2008
        
   Receipts                                      $169,523,000
   Disbursements:
   Inventory material                              30,777,000
   Operating disbursements                        102,351,000
   Capital expenditures                             5,266,000
                                               --------------
   Total disbursements                            138,394,000
        
   Operating cash flow                             31,129,000
   Reorganization disbursements                     2,725,000
                                               --------------
   Net cash flow                                   28,404,000
   Net payments to secured Lenders                          0
                                               --------------
   Net change in cash                              28,404,000
   Beginning cash balance                       1,155,645,000
                                               --------------
   Ending cash balances                        $1,184,049,000
                                               ==============

                        About ASARCO LLC

Based in Tucson, Arizona, ASARCO LLC -- http://www.asarco.com/--      
is an integrated copper mining, smelting and refining company.
Grupo Mexico S.A. de C.V. is ASARCO's ultimate parent.  The
Company filed for chapter 11 protection on Aug. 9, 2005 (Bankr.
S.D. Tex. Case No. 05-21207).  James R. Prince, Esq., Jack L.
Kinzie, Esq., and Eric A. Soderlund, Esq., at Baker Botts L.L.P.,
and Nathaniel Peter Holzer, Esq., Shelby A. Jordan, Esq., and
Harlin C. Womble, Esq., at Jordan, Hyden, Womble & Culbreth, P.C.,
represent the Debtor in its restructuring efforts.  Lehman
Brothers Inc. provides the ASARCO with financial advisory services
And investment banking services.  Paul M. Singer, Esq., James C.
McCarroll, Esq., and Derek J. Baker, Esq., at Reed Smith LLP give
legal advice to the Official Committee of Unsecured Creditors and
David J. Beckman at FTI Consulting, Inc., gives financial advisory
services to the Committee.  When the Debtor filed for protection
from its creditors, it listed $600 million in total assets and $1
billion in total debts.

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

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

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

The Debtors submitted to the Court a joint plan of reorganization
and disclosure statement on July 31, 2008.  (ASARCO Bankruptcy
News, Issue No. 80; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


BLUE WATER: Reports $3,666,416 Net Loss in July 2008
----------------------------------------------------

                 Blue Water Automotive Systems, Inc.
                      Unaudited Balance Sheet
                        As of July 27, 2008

ASSETS:
Cash                                               $1,278,559
Inventory                                          10,187,840
Accounts Receivable                                48,549,875
Insider Receivables                                         -
Land and Buildings                                          -
Furniture, Fixtures & Equipment                    37,967,799
Accumulated Depreciation                          (12,402,494)
Other: Current Assets                               4,236,538
Other: Long Term Assets                                61,251
                                                 ------------
TOTAL ASSETS                                      $89,879,368
                                                 ============
LIABILITIES:
Postpetition Liabilities:
Accounts Payable                                   $5,369,782
Rent and Lease Payable                                      -
Wages and Salaries                                    498,193
Taxes Payable                                       1,406,310
Other:                                                      -
                                                 ------------
     Total Postpetition Liabilities                 7,274,285

Secured Liabilities:
Subject to Postpetition Collateral or DIP Order             -
All Other Secured Liabilities                      53,955,321
                                                 ------------
     Total Secured Liabilities                     53,955,321

Prepetition Liabilities:
Taxes and Other Priority Liabilities                2,174,588
Unsecured Liabilities:                             45,177,625
Other:                                                      -
                                                 ------------
     Total Prepetition Liabilities                 47,352,213

EQUITY:
Owners Capital                                     20,827,488
Retained Earnings - Prepetition                   (24,221,702)
Retained Earnings - Postpetition                  (15,308,237)

    Total Equity:                                 (18,702,451)
                                                 ------------
TOTAL LIABILITIES AND EQUITY                      $89,879,368
                                                 ============

               Blue Water Automotive Systems, Inc.
                  Unaudited Operating Statement
                    Month Ended July 27, 2008

Total Revenue/Sales                               $18,479,861
Cost of Sales                                      17,597,063
                                                 ------------
    Gross Profit                                      882,798

Expenses:
Officer compensation                                   27,715
Salary Expenses other Employees                       576,645
Employee Benefits & Pensions                          119,061
Payroll Taxes                                          43,416
Other Taxes                                            87,580
Rent and Lease Expense                                135,178
Interest Expense                                      301,237
Insurance                                               7,842
Automobile and Truck Expense                           41,782
Utilities (gas, electric, phone)                      (24,217)
Depreciation                                           25,857
Travel and Entertainment                               (4,428)
Repairs and Maintenance                                 6,346
Advertising                                                 -
Supplies, Office Expense, etc                          79,550
Other Specify: Legal                                   33,928
Other Specify: Misc                                   350,469
                                                 ------------
     Total Expenses                                 1,807,961
                                                 ------------
Net Operating Profit (Loss)                          (925,163)

Add: Non-Operating Income
        Interest Income                                     -
        Other Income                                  (10,759)

Less: Non Operating Expenses
         Professional Fees                                  -
         Other                                      2,730,494
                                                 ------------
NET INCOME/(LOSS)                                 ($3,666,416)
                                                 ============

             Blue Water Automotive Properties L.L.C.
                    Unaudited Balance Sheet
                      As of July 27, 2008

ASSETS:
Cash                                                 $223,173
Inventory                                                   -
Accounts Receivable                                         -
Insider Receivables                                         -
Land and Buildings                                          -
Furniture, Fixtures & Equipment                    27,459,897
Accumulated Depreciation                                 none
Other: Current Assets                              (3,349,450)
Other: Long Term Assets                               464,250
                                                 ------------
TOTAL ASSETS                                      $24,979,870
                                                 ============
LIABILITIES:
Postpetition Liabilities:
Accounts Payable                                            -
Rent and Lease Payable                                      -
Wages and Salaries                                          -
Taxes Payable                                               -
Other:                                                322,927
                                                 ------------
     Total Postpetition Liabilities                   322,927

Secured Liabilities:
Subject to Postpetition Collateral or DIP Order             -
All Other Secured Liabilities                      14,724,436
                                                 ------------
     Total Secured Liabilities                     14,724,436

Prepetition Liabilities:
Taxes and Other Priority Liabilities                        -
Unsecured Liabilities:                                      -
Other:                                             12,169,098
                                                 ------------
     Total Prepetition Liabilities                 12,169,098

EQUITY:
Owners Capital                                              -
Retained Earnings - Prepetition                    (1,678,107)
Retained Earnings - Postpetition                     (740,484)

    Total Equity:                                  (2,418,591)
                                                 ------------
TOTAL LIABILITIES AND EQUITY                      $24,797,870
                                                 ============

            Blue Water Automotive Properties L.L.C.
                 Unaudited Operating Statement
                 Month Ended July 27, 2008

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

Expenses:
Officer compensation                                        -
Salary Expenses other Employees                             -
Employee Benefits & Pensions                                -
Payroll Taxes                                               -
Other Taxes                                                 -
Rent and Lease Expense                                      -
Interest Expense                                        6,058
Insurance                                                   -
Automobile and Truck Expense                                -
Utilities (gas, electric, phone)                            -
Depreciation                                                -
Travel and Entertainment                                    -
Repairs and Maintenance                                     -
Advertising                                                 -
Supplies, Office Expense, etc                               -
Other Specify: Legal                                        -
Other Specify: Misc                                         -
                                                 ------------
     Total Expenses                                     6,058
                                                 ------------
Net Operating Profit (Loss)                          (110,754)

Add: Non-Operating Income
        Interest Income                                     -
        Other Income                                 (102,553)

Less: Non Operating Expenses
         Professional Fees                                  -
         Other                                              -
                                                 ------------
NET INCOME/(LOSS)                                   ($213,307)
                                                 ============

                 Blue Water Plastics Mexico Ltd.
                     Unaudited Balance Sheet
                       As of July 27, 2008

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

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

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

EQUITY:
Owners Capital                                      2,100,000
Retained Earnings - Prepetition                      (469,168)
Retained Earnings - Postpetition                            -

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

Blue Water Plastics Mexico, Ltd., B.W.A.S. Mexico, L.L.C. and
B.W.A.S.Holdings, Inc., all posted $0 in revenues, assets and
liabilities for the month ended July 27, 2008.

                    About Blue Water Automotive

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

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

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

The Debtors filed their Liquidation Plan on May 9, 2008.  The Plan
contemplates a sale of substantially all of the Debtors' assets
and equity interests, except for a piece of real property located
at Yankee Road, in St. Clair, Michigan.  The Plan has been
confirmed by the Court.

(Blue Water Automotive Bankruptcy News, Issue No. 28, Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or     
215/945-7000)


BOMBAY COMPANY: Submits April 2008 Monthly Operating Report
-----------------------------------------------------------
The Bombay Company Inc. reported total assets of $34,100,177,
total liabilities of $32,250,006, and total equity of $1,850,171
as of April 2008.

The Debtor generated zero revenues and posted $234,532 net loss
for April 2008.

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

               http://ResearchArchives.com/t/s?3178

                       About Bombay Company

Based in Fort Worth, Texas, The Bombay Company Inc., (OTC
Bulletin Board: BBAO) -- http://www.bombaycompany.com/-- designs,
sources and markets a unique line of home accessories, wall decor
and furniture through 384 retail outlets and the Internet in the
U.S. and internationally, including Cayman Islands.

The company and five of its debtor-affiliates filed for Chapter 11
protection on Sept. 20, 2007 (Bankr. N.D. Tex. Lead Case No.
07-44084).  Robert D. Albergotti, Esq., John D. Penn, Esq., Ian T.
Peck, Esq., and Jason B. Binford, Esq., at Haynes and Boone, LLP,
represent the Debtors.

The Bombay Furniture Company of Canada Inc. - La Compagnie de
Mobilier Bombay Du Canada Inc., sough protection from its
creditors from the Ontario Superior Court of Justice on Sept. 20,
2007.

The U.S. Trustee for Region 6 appointed seven creditors to serve
on an Official Committee of Unsecured Creditors.  Attorneys at
Cooley, Godward, Kronish LLP act as counsel to the Unsecured
Creditors Committee.

The Court confirmed the Debtor's amended chapter 11 plan on
Aug. 20, 2008.


BOMBAY COMPANY: Submits May 2008 Monthly Operating Report
---------------------------------------------------------
The Bombay Company Inc. reported total assets of $33,014,790,
total liabilities of $31,571,855, and total equity of
$31,571,855 as of May 2008.

The Debtor generated zero revenues and incurred $407,236 net loss
for the month of May 2008.

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

               http://ResearchArchives.com/t/s?3178

                       About Bombay Company

Based in Fort Worth, Texas, The Bombay Company Inc., (OTC
Bulletin Board: BBAO) -- http://www.bombaycompany.com/-- designs,
sources and markets a unique line of home accessories, wall decor
and furniture through 384 retail outlets and the Internet in the
U.S. and internationally, including Cayman Islands.

The company and five of its debtor-affiliates filed for Chapter 11
protection on Sept. 20, 2007 (Bankr. N.D. Tex. Lead Case No.
07-44084).  Robert D. Albergotti, Esq., John D. Penn, Esq., Ian T.
Peck, Esq., and Jason B. Binford, Esq., at Haynes and Boone, LLP,
represent the Debtors.

The Bombay Furniture Company of Canada Inc. - La Compagnie de
Mobilier Bombay Du Canada Inc., sough protection from its
creditors from the Ontario Superior Court of Justice on Sept. 20,
2007.

The U.S. Trustee for Region 6 appointed seven creditors to serve
on an Official Committee of Unsecured Creditors.  Attorneys at
Cooley, Godward, Kronish LLP act as counsel to the Unsecured
Creditors Committee.

The Court confirmed the Debtor's amended chapter 11 plan on
Aug. 20, 2008.


BOMBAY COMPANY: Submits June 2008 Monthly Operating Report
----------------------------------------------------------
The Bombay Company Inc. reported total assets of $31,313,266,
total liabilities of $29,766,291, and total equity of $1,546,975
as of June 2008.

The Debtor generated zero revenues and earned $104,040 for the
June 2008.

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

               http://ResearchArchives.com/t/s?3178

                       About Bombay Company

Based in Fort Worth, Texas, The Bombay Company Inc., (OTC
Bulletin Board: BBAO) -- http://www.bombaycompany.com/-- designs,
sources and markets a unique line of home accessories, wall decor
and furniture through 384 retail outlets and the Internet in the
U.S. and internationally, including Cayman Islands.

The company and five of its debtor-affiliates filed for Chapter 11
protection on Sept. 20, 2007 (Bankr. N.D. Tex. Lead Case No.
07-44084).  Robert D. Albergotti, Esq., John D. Penn, Esq., Ian T.
Peck, Esq., and Jason B. Binford, Esq., at Haynes and Boone, LLP,
represent the Debtors.

The Bombay Furniture Company of Canada Inc. - La Compagnie de
Mobilier Bombay Du Canada Inc., sough protection from its
creditors from the Ontario Superior Court of Justice on Sept. 20,
2007.

The U.S. Trustee for Region 6 appointed seven creditors to serve
on an Official Committee of Unsecured Creditors.  Attorneys at
Cooley, Godward, Kronish LLP act as counsel to the Unsecured
Creditors Committee.

The Court confirmed the Debtor's amended chapter 11 plan on
Aug. 20, 2008.


BOSCOV'S INC: Files Initial Monthly Operating Report
----------------------------------------------------
Boscov's Inc., and its seven debtor affiliates file with the U.S.
Bankruptcy Court for the District of Delaware a 12-Month projected
cash flows commencing August 2008 and ending July 2009:

                        Boscov's, Inc.
               Projected Statement of Cash Flows
          For the Months August to December 2008
                      (Amounts in $000's)

                               August September October November
                               ------ --------- ------- --------
Cash flows from Operations:
Net income (loss)           ($15,624)  ($5,501) $3,130     $244
Deprn. and amortization        2,141     2,148   2,157    2,162
Changes deferred taxes             0         0       0        0
Changes in assets & debts:
Bankruptcy deposits             (500)        0       0        0
Accounts receivable             (250)      629  (1,493)  (3,390)
Inventory                     24,891   (18,379)(38,731)   5,135
Prepaid and other
   current assets               2,129     3,145  (3,126)  14,007
Accounts payable              65,626     3,454   4,553    2,396
Unpaid prepetition rents       4,604       500     500        0
Accrued expenses and
   other current liabilities  (70,713)   (2,891)  2,430      (93)
                               ------ --------- ------- --------
Cash provided by (used in)
operating activities           12,305   (16,895)(30,580)  20,461
                               ------ --------- ------- --------
Cash Flows from Investing:
Capital expenditures          (1,413)    (645)    (785)    (386)
Change in investments
and other assets                 71        71       71       71
                               ------ --------- ------- --------
Cash provided by (used in)
investing activities           (1,342)     (574)   (714)    (315)
                               ------ --------- ------- --------
Cash Flows from Financing:
Borrowing (repayment)
   on DIP Loan                111,298    18,014  31,639  (21,633)
Borrowing (repayment)
   on revolver               (121,916)        0       0        0
Borrowing (repayment)
   on Back Bay/Bear Stern           0         0       0        0
Borrowing (repayment)
   on term loans                  (19)      (19)    (19)     (19)
Changes in other
   long-term liabilities         (326)     (526)   (326)       6
Capital activity                   0         0       0        0
                               ------ --------- ------- --------
Cash provided by (used in)
financing activities          (10,963)   17,469  31,294  (21,646)

Net cash provided (used)            0        0       0   (1,500)

Cash, beginning                 8,000     8,000   8,000    8,000
                               ------ --------- ------- --------
Cash, ending                   $8,000    $8,000  $8,000   $6,500
                               ====== ========= ======= ========

                         Boscov's, Inc.
                Projected Statement of Cash Flows
         For the Months Ended December 2008 to March 2009
                       (Amounts in $000's)

                               December January February   March
                               -------- ------- --------   -----
Cash flows from Operations:
Net income (loss)              $13,090 ($5,767) ($9,652) $1,668
Deprn. and amortization          2,165   2,170    2,285   2,297
Changes deferred taxes               0       0        0       0
Changes in assets
   and liabilities:
Bankruptcy deposits                  0       0        0       0
Accounts receivable              7,260     108   (2,872)    (72)
Inventory                       83,491  (6,314)  (3,445) (3,977)
Prepaid and other
   current assets                (4,293)    766    2,638  (1,045)
Accounts payable                 6,716  (2,706)  (1,852) (6,477)
Unpaid prepetition rents             0       0        0       0
Accrued expenses and
   other current liabilities     13,554  (1,854) (10,232)    175
                               -------- ------- --------   -----
Cash provided by (used in)
operating activities            121,983 (13,597) (23,131) (7,431)
                               -------- ------- --------   -----

Cash Flows from Investing:
Capital expenditures              (217)   (776)    (921) (1,265)
Change in investments
   and other assets                  71      71       71      71
                               -------- ------- --------   -----
Cash provided by (used in)
investing activities               (146)   (705)    (850) (1,194)
                               -------- ------- --------   -----

Cash Flows from Financing:
Borrowing (repayment)
   on DIP Loan                 (121,964) 15,933   24,601   9,017
Borrowing (repayment)
   on revolver                        0       0        0       0
Borrowing (repayment)
   on Back Bay/Bear Stern             0       0        0       0
Borrowing (repayment)
   on term loans                    (19)    (19)     (19)    (19)
Changes in other
   long-term liabilities            146  (1,612)    (601)   (372)
Capital activity                     0       0        0       0
                               -------- ------- --------   -----
Cash provided by (used in)
financing activities           (121,837) 14,302   23,981   8,625

Net cash provided (used)              0       0        0       0

Cash, beginning                   6,500   6,500    6,500   6,500
                               -------- ------- --------   -----
Ending Cash Balance              $6,500  $6,500   $6,500  $6,500
                               ======== ======= ========  ======

                        Boscov's, Inc.
             Projected Statement of Cash Flows
          For the Months Ended April to July 2009
                   (Amounts in $000's)

                               April     May      June     July
                               -----    ------   ------   ------
Cash flows from Operations:
Net income (loss)            $3,221   ($3,319) ($3,040)    $146
Deprn. and amortization       2,212    2,233    2,245     2,261
Changes deferred taxes            0        0        0         0
Changes in assets
   and liabilities:
Bankruptcy deposits               0        0        0         0
Accounts receivable            (222)     (92)    (601)    1,409
Inventory                    (7,757)   8,379   (1,415)  (21,966)
Prepaid and other
current assets               (1,356)   1,737   (1,379)   (3,067)
Accounts payable              2,231     (502)     291      (652)
Unpaid prepetition rents          0        0        0         0
Accrued expenses and
   other current liabilities   2,177   (2,034)  (2,065)   (1,279)
                            -------- -------- --------   -------
Cash provided by (used in)
operating activities             506    6,402   (5,963)  (23,148)
                            -------- -------- --------   -------

Cash Flows from Investing:
Capital expenditures         (1,515)  (2,118)  (1,441)   (6,001)
Change in investments
   and other assets               71       71       71        71
                            -------- -------- --------   -------

Cash provided by (used in)
investing activities          (1,444)  (2,047)  (1,370)   (5,930)
                            -------- -------- --------   -------

Cash Flows from Financing:
Borrowing (repayment)
   on DIP Loan                  (719)  (1,258)   7,097    30,202
Borrowing (repayment)
   on revolver                     0        0        0         0
Borrowing (repayment)
   on Back Bay/Bear Stern          0        0        0         0
Borrowing (repayment)
   on term loans                 (19)     (19)     (19)      (19)
Changes in other
   long-term liabilities       1,676   (3,078)     254    (1,105)
Capital activity                  0        0        0         0
                            -------- -------- --------   -------
Cash provided by (used in)
financing activities             938   (4,355)   7,333    29,078

Net cash provided (used)           0        0        0         0

Cash, beginning                6,500    6,500    6,500     6,500
                            -------- -------- --------   -------
Cash, ending                  $6,500   $6,500   $6,500    $6,500
                            ======== ======== ========   =======

The Debtors also disclosed that they paid an aggregate of
$2,248,000 for retainers from July to August 1, 2008:

     Professional                    Amount         Date Paid
     ------------                   --------        ---------
     Bank of America                $100,000         08/01/08
     Cooley, Godward, Kronish LLP     25,000         07/25/08
     Jones Day                       500,000         07/16/08
     Jones Day                       750,000         07/30/08
     Klehr, Harrison, Harvey         103,000         07/30/08
     KPMG LLP                        100,000         07/30/08
     Kurtzman, Carson Consultants     75,000         07/16/08
     Lehman Brothers                 250,000         07/16/08
     MWW                              50,000         07/31/08
     Richards, Layton, Finger         75,000         07/22/08
     Richards, Layton, Finger        120,000         07/30/08
     Versa Capital Fund II LP
        Equity Acct                  100,000         08/01/08

The Debtors also filed Certificates of Insurance, copies of which
are available for free at:

    http://bankrupt.com/misc/InsuranceCertificates_Boscovs.pdf

                        About Boscov's Inc.

Headquartered in Reading, Pennsylvania, Boscov's Inc. --
http://www.boscovs.com-- is America's largest family-owned     
independent department store, with 49 stores in Pennsylvania, New
York, New Jersey, Maryland, Delaware and Virginia.

Boscov's Inc. and its debtor-affiliates filed for Chapter 11
protection on Aug. 4, 2008 (Bankr. D. Del. Case No.: 08-11637)
Daniel J. DeFranceschi, Esq. at Richards Layton & Finger and L.
Katherine Good, Esq. at Richards, Layton & Finger, P.A. represent
the Debtors in their restructuring efforts.  The Debtors'
financial advisor is Capstone Advisory Group and their investment
banker is Lehman Brothers Inc.  The Debtors disclosed estimated
assets of $500 million to $1 billion and estimated debts of
$100 million to $500 million.

(Boscov's Bankruptcy News, Issue No. 5; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000)


DURA AUTOMOTIVE: Files June 2008 Operating Report
-------------------------------------------------

        DURA Automotive Systems, Inc., and Subsidiaries
     Condensed Combined Debtors-in-Possession Balance Sheet
                       As of June 29, 2008
                    (In thousands of dollars)

                             ASSETS

Current assets:
  Cash and cash equivalents                              $7,057
  Accounts receivable, net
     Trade                                               96,098
     Other                                                9,893
     Non-Debtor subsidiaries                             30,093
  Inventories                                            46,779
  Other current assets                                   37,851
                                                     ----------
         Total current assets                           227,771
                                                     ----------
Property, plant and equipment, net                       97,759
Notes receivable from Non-Debtors subsidiaries           86,040
Investment in Non-Debtors subsidiaries                  790,647
Other noncurrent assets                                   9,165
                                                     ----------
Total Assets                                         $1,211,382
                                                     ==========

               LIABILITIES AND STOCKHOLDERS' INVESTMENT

Current Liabilities not Subject to Compromise:
  Debtors-in-possession financing                             -
  Accounts payable                                      $35,364
  Accounts payable to non-debtors subsidiaries           10,296
  Accrued liabilities                                    73,710
                                                     ----------
     Total Current Liabilities Not Subject              119,370
     to compromise                                   ----------
   
Long-term Liabilities:
  Long-term Debt                                         90,525
  Notes Payable to Non-Debtors subsidiaries              29,813
  Other noncurrent liabilities                           43,775
Liabilities Subject to Compromise                     1,309,417
                                                     ----------
     Total Liabilities                                1,592,900
Stockholders' Investment                               (381,518)
                                                     ----------
Total Liabilities and Stockholders' Investment       $1,211,382
                                                     ==========

       DURA Automotive Systems, Inc., and Subsidiaries
          Condensed Combined Debtors-in-Possession
                    Statement of Operations
            For the Five Weeks Ended June 29, 2008
                           Unaudited
                  (In thousands of dollars)

Total sales                                             $67,475
Cost of sales                                            60,312
                                                     ----------
  Gross (loss) profit                                     7,163

Selling, general and administrative expenses              5,997
Facility consolidation, asset impairment
  and other charges                                       2,093
Amortization expense                                          -
                                                     ----------
Operating (loss) income                                    (927)
Interest expense, net                                     4,606
                                                     ----------
Income (loss) before reorganization items and            (5,533)
income taxes
Reorganization items                                      9,528
                                                     ----------
Loss before income taxes                                (15,061)
Provision for income taxes                                  797
Loss from continuing operations                         (15,858)
Loss from discontinued operations                           (13)
                                                     ----------
Net Income (Loss)                                      ($15,845)
                                                     ==========

        DURA Automotive Systems, Inc., and Subsidiaries
           Condensed Combined Debtors-in-Possession
                  Statements of Cash Flows
            For the Five Weeks Ended June 29, 2008
                          (Unaudited)
                   (In thousands of dollars)

Operating Activities:
Net Income (loss)                                      ($15,845)
Adjustments to reconcile net loss to net cash
provided by (used in) operating activities:
   Depreciation, amortization & asset impairment          1,220
   Amortization of deferred financing fees                1,007  
   Facility consolidation and other charges(credits)      2,093
   (Gain)/Loss on sale of assets                            237
   Reorganization items                                   9,528
Changes in other operating items:
  Accounts receivable                                    (7,078)
  Inventories                                             6,189
  Other current assets                                  (12,658)
  Noncurrent assets                                         199
  Accounts payable                                        3,062
  Accrued liabilities                                   (15,904)
  Noncurrent liabilities                                 (1,138)
  Current intercompany transactions                     145,161
                                                     ----------
  Net cash provided by operating activities             116,073     

Investing Activities:
Purchases of property, plant & equipment                   (320)     
Proceeds from sales of assets                             2,082
                                                     ----------
  Net cash (used in) provided by
   investing activities                                   1,762
                                                     
Financing Activities:
  DIP Revolver net repayments                           (52,936)
  DIP term repayments                                  (147,592)
  Exit Financing - Revolver Credit Facility, net         23,525
  Exit Financing - Second Lien Credit
  Facility borrowings                                    67,000
  Debt issuance costs                                    (5,139)
                                                     ----------
Net cash provided by (used in)financing activities     (115,142)
Net change in cash & cash equivalents from                2,693
continuing operations
Cash Flows from discontinued operations                       -
Cash & Cash Equivalents, beginning balance                4,364
                                                     ----------
Cash & Cash Equivalents, ending balance                  $7,057
                                                     ==========
                           About DURA

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

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

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

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

On April 3, 2008, the Court approved the Debtors' revised
Disclosure Statement explaining their revised Chapter 11 plan of
reorganization.   On June 27, 2008, the Debtors emerged from
Chapter 11 bankruptcy protection.

(Dura Automotive Bankruptcy News, Issue No. 61; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or    
215/945-7000).


FRONTIER AIRLINES: Files Schedules of Assets and Liabilities
------------------------------------------------------------
Frontier Airlines Inc. submitted to the U.S. Bankruptcy Court for
the Southern District of New York  its schedules of assets and
liabilities, disclosing:

A.   Real Property                                            $0

B.   Personal Property
B.1  Cash on hand
       Petty cash - Administration Office                 11,500
       Petty cash - Reservations Center                      275
       Cash at Registers - Airport Ticket Offices         13,698
       Cash at Registers - Foreign Airport Offices           300
B.2  Bank Accounts
       American Express                               18,440,610
       Bank of America, N.A.                             130,358
       Bear Sterns                                    52,152,071
       CIBC                                              231,635
       Colorado Business Bank                         48,488,263
       Guaranty Bank                                      59,774
       RBC Dain                                        8,500,743
       Santander                                          51,782
       Sovereign                                      56,785,339
       US Bank                                            48,310
       Wells Fargo                                        64,474
       Wings Financial                                    34,708
       Others                                            142,556
B.3  Security Deposits
       Pre-delivery Payments - AVSA                   13,985,293
       Aircraft Security Deposit - GECAS              13,349,600
       Aircraft Security Deposit - GECAS                 195,333
       Aircraft Security Deposit - ILFC                2,250,000
       Aircraft Security Deposit - MacQuarie             633,587
       Aircraft Security Deposit - RBS                   113,670
       Aircraft Security Deposit - RBS                 1,377,203
       Aircraft Security Deposit - SALE                  594,510
       Building Security Deposit - Continental           112,500
       Fuel Security Deposit - Aircraft Service          194,737
       Fuel Security Deposit - Allied Fueling            156,443
       Fuel Security Deposit - ASIG                      113,058
       Pre-delivery Payments - Live TV                   424,274
       Others                                            671,585
B.4  Household goods                                           0
B.5  Book, artwork and collectibles                            0
B.6  Wearing apparel                                           0
B.7  Furs and jewelry                                          0
B.8  Firearms and other equipment                              0
B.9  Insurance Policies                                        0
B.10 Annuities                                                 0
B.11 Interests in Education IRA                                0
B.12 Interests in IRA, ERISA, Keogh, et al.                    0
B.13 Stock and Interests                                       0
B.14 Interests in partnerships & joint venture                 0
B.15 Government and corporate bonds                            0
B.16 Accounts Receivable
       AP Debit Balances                                 479,048
       Maintenance Reserve Receivable                  1,787,161
       Net Trade Receivables                          55,370,631
B.17 Alimony                                                   0
B.18 Other Liquidated Debts Owing Debtor                       0
B.19 Equitable or future interests                             0
B.20 Contingent and non-contingent interests                   0
B.21 Other Contingent and Unliquidated Claims                  0
B.22 Patents                                             Unknown
B.23 Licenses, franchises & other intangibles                  0
B.24 Customer lists or other compilations                      0
B.25 Vehicles
       Ground Service Equipment                       11,965,776
       Motorized Vehicles & Equipment                  1,504,312
B.26 Boats, motors and accessories                             0
B.27 Aircraft and accessories
       Owned Operating Airframes                     678,776,372
       Owned Operating Engines                         2,369,685
       Leasehold Improvements on Airframes             9,468,308
       Rotables                                       33,475,904
       Other                                           8,724,165
       Construction In Progress                        7,299,141
B.28 Office Equipment
       Communication Equipment                           600,492
       Furniture, Fixtures & Office Equipment            912,495
       Computer Equipment                             11,152,636
B.29 Machinery, equipment and supplies in business
       Maintenance Tools & Equipment                     825,855
       Station and Other Equipment                       555,352
       Building Leasehold Improvements                 1,871,263
B.30 Inventory
       Aircraft Inventory                              5,867,403
       Merchandise                                       254,558
       Fuel                                            7,201,589
       Station Uniforms                                  902,683
       Headsets                                          312,127
       Catering                                          115,730
       Assets Held for Sale                            1,262,905
       Supplies                                          334,406
B.31 Animals
B.32 Crops
B.33 Farming equipment and implements
B.34 Farm supplies, chemicals and feed
B.35 Other Personal Property
       Other Prepaid Expenses                         24,200,180
       Retainer Fee - Davis, Polk & Wardwell             510,741
       Retainer Fee - Kekst And Company                  165,000
       Retainer Fee - Watson Wyatt                        60,000
       Retainer Fee - Faegre & Benson LLP                314,568
       Prepaid Fuel - various                          6,306,034
       Other                                             Unknown

       TOTAL SCHEDULED ASSETS                     $1,094,274,709
       =========================================================

C.   Property Claimed as Exempt                               $0

D.   Creditors Holding Secured Claims
       Airport Revenue Fund                            3,366,625
       WestLB AG                                       1,553,580
       Colorado Business Bank-DTC                      2,845,000
       WestLB AG                                       4,500,000
       WestLB AG                                       3,000,000
       WestLB AG                                       3,000,000
       Colorado Business Bank-DTC                      1,235,990
       WestLB Capital Markets                          3,000,000
       Airbus Financial Services                       3,379,087
       Avion Capital Limited                           3,020,323
       Avion Capital Limited                           4,483,899
       Calyon                                         17,939,420
       Calyon                                         17,606,991
       DVB Bank AG                                    13,471,170
       DVB Bank AG                                    21,822,968
       DVB Bank AG                                    32,000,000
       Erste Bank Der                                 15,784,634
       Hamburgische Landesbank-Girozentrale           18,296,384
       Hamburgische Landesbank-Girozentrale           19,522,523
       Helaba Irish Bank                              21,516,757
       Helaba Irish Bank                              13,591,457
       PK Airfinance SA                               15,488,750
       PK Airfinance SA                               15,841,915
       Prudential Capital Group                       18,551,427
       Q Aviation LLC, as manager                     19,989,427
       Q Aviation LLC, as manager                     21,200,242
       Q Aviation LLC, as manager                     21,268,380
       Q Aviation LLC, as manager                     21,498,167
       The Royal Bank of Scotland PLC                 24,486,642
       Valentine Finance Limited                      17,193,964
       Valentine Finance Limited                      18,551,427
       WestLB Capital Markets                         32,000,000
       Others                                          3,839,593
E.   Creditors Holding Unsecured Priority Claims
       Bernalillo County Treasurer                        66,094
       Metropolitan Trustee                              164,955
       Nevada Department of Taxation                      33,242
       OMA Omaha Airport Authority                        54,210
       Spokane County Treasurer                           26,736
       Treasurer City & County of Denver               2,408,887
       Others                                              3,915
F.   Creditors Holding Unsecured Non-priority Claims               
       Airport Terminal Services Inc.                    152,203
       B E Aerospace Inc.                              2,357,511
       BT Ins Inc.                                       119,035
       Civil Aviation Training Solutions                 186,609
       Clear Channel                                     122,500
       Curtis 1000, Inc.                                 291,194
       Dell Marketing LP                                 117,864
       Deloitte Consulting LLP                           108,748
       DFW Dallas-Fort Worth International Airport       344,409
       Empire Aero Center                                286,703
       Fedex Express                                     123,475
       Fineline Signs Graphics Print                     113,908
       First Coast Aerospace Inc.                        105,698
       First Coast Aerospace Inc.                        261,406
       G and K Services Lug LLC                          148,443
       Galileo International                           1,180,110
       GE Engine Services Inc.                         1,105,483
       Ghafari Associates LLC                            102,012
       Goodrich Aerospace                                544,870
       Google Inc.                                       185,223
       Honeywell - Chicago                               153,026
       Interturbine Logistic GMBH                        126,869
       King County Treasury                              243,256
       Liebherr                                          397,245
       Marathon Petroleum Company LLC                    173,991
       McKinley Air Inc.                                 116,766
       MCO Orlando International Airport                 147,221
       MDW Midway Airport                                136,752
       Michael Lewis Co.                                 137,680
       Michelin North America Inc.                       176,267
       Microsoft Licensing GP                            334,663
       Million Air Salt Lake City                        288,789
       NCR Self Service LLC                              124,731
       PDX Portland International Airport                100,995
       Pepsi Center                                      400,000
       PHL Philadelphia International Airport            106,107
       Primeflight Aviation Services                     123,211
       QWest                                             384,441
       Republic Airline Inc.                             291,012
       SABRE Inc.                                        697,558
       SEA Seattle Tacoma International Airport          139,367
       Servisair USA Inc.                              1,514,878
       Skytanking USA Inc.                               214,330
       Thales Avionics Inc.                              422,711
       TLD America                                       128,728
       Total Petrochemicals Inc.                       3,083,757
       Trax USA Corporation                              345,346
       TUG Technologies Corp.                            121,027
       Vedder Price PC                                   151,500
       Willis Global Aviation                            188,518
       World Fuel Services Inc.                        3,766,365
       Frontier Airlines Holdings, Inc.               49,784,710
       Lynx Aviation Inc.                              1,364,753
       Fidelity and Deposit Company of Maryland          100,000
       Fidelity and Deposit Company of Maryland          143,697
       Fidelity and Deposit Company of Maryland          128,707
       Fidelity and Deposit Company of Maryland          100,000
       Fidelity and Deposit Company of Maryland          325,946
       Fidelity and Deposit Company of Maryland          528,000
       Fidelity and Deposit Company of Maryland          105,501
       Fidelity and Deposit Company of Maryland          132,000
       Travelers Casualty and Surety Company             500,000
       Others                                         12,986,695

       TOTAL SCHEDULED LIABILITIES                  $546,499,301
       =========================================================

                   About Frontier Airlines Inc.

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

The Debtor and its debtor-affiliates filed for Chapter 11
protection on April 10, 2008, (Bankr. S.D. N.Y. Case No.: 08-
11297 thru 08-11299.)  Hugh R. McCullough, Esq., at Davis Polk &
Wardwell, represents the Debtors in their restructuring efforts.
Togul, Segal & Segal LLP is the Debtors' Conflicts Counsel, Faegre
& Benson LLP is the Debtors' Special Counsel, and Kekst and
Company is the Debtors' Communications Advisors.  At Dec. 31,
2007, Frontier Airlines Holdings Inc. and its subsidiaries'
total assets was $1,126,748,000 and total debts was
$933,176,000.  

(Frontier Airlines Bankruptcy News, Issue No. 20; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or    
215/945-7000)


FRONTIER AIRLINES: Parent Co. Files Schedules of Assets and Debts
-----------------------------------------------------------------
Frontier Airlines Holdings Inc. and its subsidiaries submitted to
the U.S. Bankruptcy Court for the Southern District of New York
its schedules of assets and liabilities, disclosing:

A.   Real Property                                            $0

B.   Personal Property
B.1  Cash on hand                                              0
B.2  Bank Accounts
       Bear Sterns, New York                           8,432,067
B.3  Security Deposit                                          0
B.4  Household goods                                           0
B.5  Book, artwork and collectibles                            0
B.6  Wearing apparel                                           0
B.7  Furs and jewelry                                          0
B.8  Firearms and other equipment                              0
B.9  Insurance Policies                                        0
       Life Insurance Policies                           Unknown
       HR Related Insurance Policies                     Unknown
       Other                                             Unknown
B.10 Annuities                                                 0
B.11 Interests in Education IRA                                0
B.12 Interests in IRA, ERISA, Keogh, et al.                    0
B.13 Stock and Interests                                       0
B.14 Interests in partnerships & joint venture                 0
B.15 Government and corporate bonds                            0
B.16 Accounts Receivable
       Net, other receivables -- Interest receivable      25,631
       Net, intercompany receivables
         Lynx Aviation Receivable                     39,674,762
       Net, intercompany receivables
         Frontier Airlines, Inc.                      49,784,710
B.17 Alimony                                                   0
B.18 Other Liquidated Debts Owing Debtor                       0
B.19 Equitable or future interests                             0
B.20 Contingent and non-contingent interests                   0
B.21 Other Contingent and Unliquidated Claims                  0
B.22 Patents                                                   0
B.23 Licenses, franchises & other intangibles                  0
B.24 Customer lists or other compilations                      0
B.25 Vehicles                                                  0
B.26 Boats, motors and accessories                             0
B.27 Aircraft and accessories                                  0
B.28 Office Equipment                                          0
B.29 Machinery, equipment and supplies in business             0
B.30 Inventory                                                 0
B.31 Animals                                                   0
B.32 Crops                                                     0
B.33 Farming equipment and implements                          0
B.34 Farm supplies, chemicals and feed                         0
B.35 Other Personal Property                                   0

       TOTAL SCHEDULED ASSETS                        $97,917,170
       =========================================================

C.   Property Claimed as Exempt                               $0

D.   Creditors Holding Secured Claims                          0

E.   Creditors Holding Unsecured Priority Claims
       Alaska Department of Revenue                      Unknown
       Arizona Department of Revenue                     Unknown
       Colorado Department of Revenue                    Unknown
       Comptroller of Public Accounts                    Unknown
       Department of the Treasury, Odgen, Utah           Unknown
       Franchise Tax Board                               Unknown
       Idaho State Tax Commission                        Unknown
       Kansas Corporate Tax, Kansas Dept. of Revenue     Unknown
       Missouri Dept. of Revenue                         Unknown
       Montana Dept. of Revenue                          Unknown

F.   Creditors Holding Unsecured Non-priority Claims                
       US Bank National Association                   92,000,000

       TOTAL SCHEDULED LIABILITIES                   $92,000,000
       ==========================================================

                   About Frontier Airlines Inc.

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

The Debtor and its debtor-affiliates filed for Chapter 11
protection on April 10, 2008, (Bankr. S.D. N.Y. Case No.: 08-
11297 thru 08-11299.)  Hugh R. McCullough, Esq., at Davis Polk &
Wardwell, represents the Debtors in their restructuring efforts.
Togul, Segal & Segal LLP is the Debtors' Conflicts Counsel, Faegre
& Benson LLP is the Debtors' Special Counsel, and Kekst and
Company is the Debtors' Communications Advisors.  At Dec. 31,
2007, Frontier Airlines Holdings Inc. and its subsidiaries'
total assets was $1,126,748,000 and total debts was
$933,176,000.  

(Frontier Airlines Bankruptcy News, Issue No. 20; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or    
215/945-7000)


HOMEBANC CORP: Reports $9,997,000 Net Loss in July 2008
-------------------------------------------------------

          HomeBanc Mortgage Corporation and Subsidiaries
               Unaudited Consolidated Balance Sheet
                      As of July 31, 2008

                             ASSETS

Cash                                                 $2,840,000
Restricted cash                                               0
Mortgage loans held for sale, net                     1,548,000
Mortgage loans held for investment, net                       0
Mortgage servicing rights                                     0
Receivable from custodian                                     0
Trading securities                                      500,000
Securities available for sale                                 0
Securities held to maturity                                   0
Accrued interest receivable                                   0
Premises and equipment, net                                   0
Goodwill, net                                                 0
Deferred tax asset, net                                       0
Accounts receivable from affiliates                           0
Investment in subsidiaries                                    0
Other Assets                                         11,962,000
                                                ---------------
TOTAL ASSETS                                        $16,850,000
                                                ===============

                      LIABILITIES & EQUITY

Warehouse lines of credit                                    $0
Repurchase agreements                                         0
Loan funding payable                                  1,478,000
Accrued interest payable                                      0
Accrued expenses                                      5,787,000
Other accounts payable                                        0
Accounts payable to affiliates                                0
Collaterized debt obligations                                 0
Junior subordinated debentures representing
  obligations for trust preferred securities        175,260,000
                                                ---------------
Total liabilities                                   182,525,000

Minority interest                                        64,000

Shareholders Equity:
  Preferred stock                                    47,992,000
  Common stock                                          571,000
  Additional paid-in capital                        278,865,000
  Accumulated deficit                              (475,263,000)
  Treasury stock                                    (17,904,000)
  Accumulated other comprehensive (loss) income               0
                                                ---------------
Total shareholder's equity                         (165,739,000)
                                                ---------------
TOTAL LIABILITIES & EQUITY                          $16,850,000
                                                ===============

          HomeBanc Mortgage Corporation and Subsidiaries
          Unaudited Consolidated Statement of Operations
                For 7 Months Ended July 31, 2008

REVENUES
MBS interest income                                    $994,000
Other miscellaneous income                              729,000
                                                ---------------
Total revenues                                        1,723,000

EXPENSES
Professionals                                         4,388,000
Insurance                                               575,000
Contract personnel                                      308,000
Data facility                                                 0
Compensation and benefits                               312,000
Financial systems                                       122,000
Record storage                                           62,000
Medical insurance run-off payments                      202,000
Loan sales expense                                      174,000
U.S. trustee fees                                        54,000
Office rental                                            47,000
Other misc. operating expenses                        5,475,000
                                                ---------------
Total expenses                                       11,719,000
                                                ---------------
Income tax expense                                            0
                                                ---------------
Net loss                                            ($9,997,000)
                                                ===============

          HomeBanc Mortgage Corporation and Subsidiaries
               Consolidated Statement of Cash Flows
               For the 7 Months Ended July 31, 2008

OPERATING ACTIVITIES
Net loss                                            ($9,997,000)

Adjustments to reconcile net loss to net cash
  (used in) provided by operating activities:
  (Increase) decrease in mortgage loans held for
    sale, net                                         3,863,000
  Decrease (interest) in other assets                 1,398,000
  Increase in other liabilities                         187,000
                                                ---------------
Net cash (used in) provided by operating             (4,549,000)
  activities

INVESTING ACTIVITIES
Net cash provided by (used in) investing
  activities                                                  0

FINANCING ACTIVITIES
Net cash (used in) provided by financing
  activities                                                  0
                                                ---------------
Net increase (decrease) in cash                      (4,549,000)
Cash and cash equivalents at beginning of period      7,389,000
                                                ---------------
Cash and cash equivalents at end of period           $2,840,000
                                                ===============

                          About HomeBanc

Headquartered in Atlanta, Georgia, HomeBanc Mortgage Corporation
-- http://www.homebanc.com/-- is a mortgage banking company
focused  on originating primarily prime purchase money residential
mortgage loans in the Southeast United States.

HomeBanc Mortgage together with five affiliates filed for chapter
11 protection on Aug. 9, 2007 (Bankr. D. Del. Case Nos. 07-11079
through 07-11084).  Joel A. Waite, Esq., at Young, Conaway,
Stargatt & Taylor was selected by the Debtors to represent them in
these cases.  The Official Committee of Unsecured Creditors
selected the firm Otterbourg, Steindler, Houston and Rosen, P.C.
as its counsel.  The Debtors' financial condition as of June 30,
2007, showed total assets of $5,100,000,000 and total liabilities
of $4,900,000,000.  The Debtors' exclusive period to file a plan
ends on April 7, 2008.

(HomeBanc Bankruptcy News, Issue No. 30; Bankruptcy Creditors'
Services Inc. http://bankrupt.com/newsstand/or 215/945-7000).


LANDSOURCE COMMUNITIES: Files June 2008 Monthly Operating Report
----------------------------------------------------------------

             LandSource Communities Development, LLC
                    Consolidated Balance Sheet
                        As of June 30, 2008
Assets                                                                                      

    Cash                                             $8,078,655
    Receivables                                      42,059,588
    Inventories                                   1,347,341,184
    Operating Properties, net                        86,434,339
    Investment in unconsolidated entities               2254590
    Other assets                                       47805606
                                                 --------------
Total Assets                                     $1,533,973,962
                                                 ==============
Liabilities and Members' Capital

Liabilities:

Prepetition
    Debt - principal                              1,215,523,955
    Debt - Accrued interest                          28,674,406
    Interest rate swap termination payment due       28,230,000
    Accounts Payable                                 32,410,898
    Payables to affiliates                           61,373,880
    Refundable deposits owed affiliate               26,469,916
    Tenant deposits                                     463,797
    Other                                             3,614,459
                                                 --------------
         Sub-total                                1,396,761,311

Postpetition
    Accounts Payable                                    250,006
    Property tax accrual                              1,332,288
    Payables to affiliates                           11,305,413
                                                 --------------
         Sub-total                                   12,887,707

Other
    Development accruals                             35,477,936
    Accrued Employee Related Benefits                 7,465,073
    Non-qualified Pension Plan Accruals               5,954,648
    Reserves - school fees, energy remediation       15,115,558
    Non-refundable deposits                          30,900,799
    Deferred Revenue                                 93,226,228
    Golf Course/other deposits                        7,974,544
    Other                                             3,421,701
                                                 --------------
         Sub-total                                  199,536,488
                                                 --------------
       Total Liabilities                          1,609,185,506
                                                 --------------
Members' Capital                                    (55,211,544)
                                                 --------------
Total Liabilities and Members' Capital           $1,553,973,962
                                                 ==============

            LandSource Communities Development, LLC
             Consolidated Statements of Operations
                    Month Ended June 30, 2008
                                                                                    
Statistical Information                                         
    Homesites sold to related parties                        $0
    Homesites sold to third parties                           0
    Acreage sold to related parties                           0
    Acreage sold to third parties                             0
    Homes sold to third parties                               0
                                             
Land Sale Operations
    Sales related parties                                (9,309)
    Sales to third parties                               13,036
                                                 --------------
       Total Land Sale Revenue                            3,727
                                                 --------------
    Cost of sales to related parties                     86,872
    Cost of sales to third parties                            0
                                                 --------------
       Total Cost of Land Sales                          86,872
                                                 --------------
Gross Margin on Land Sales Operations                   (83,145)
                                         
Home Sale Operations                                         
    Sales                                                     0
    Cost of sales                                             0
                                                 --------------
Gross Margin on Home Sale Operations                          0
                                                 --------------
Operating Cost and Expenses                                         
    Field, selling, general & administrative          5,929,934
    Management fees to related parties                1,598,311
                                                 --------------
       Total Operating Costs and Expenses             7,528,245
                                                 --------------
Other Operations, net                                        
    Equity in earnings of unconsolidated entities       (22,371)
    Rental operations                                   494,159
    Valencia Water Company                                    0
    Club operations                                     (92,466)
    Interest income                                     162,881
    Interest expense                                 (9,320,301)
    Loss on debt restructuring                                0
    Loss on interest rate swap termination          (25,392,563)
    Miscellaneous                                       205,350
                                                 --------------
       Total Other Operations, net                  (33,965,311)
                                                 --------------
Net Earnings (Loss)                                ($41,576,701)
                                                 ==============

              LandSource Communities Development, LLC
     Consolidated Schedule of Cash Receipts and Disbursements
                    Month Ended June 30, 2008

Net Operating Cash Flow   

Operating Cash Flows                                         
    Housing revenue                                          $0
    Commercial Revenue                                1,168,027
    Other                                                29,573
    Option deposits                                      27,708   
    Less: Closing Costs                                       0
                                                 --------------
       Total Operating Inflows                        1,225,308
                                             
Operating Cash Outflows                                         
    Master improvements & CFDs                       (3,188,490)
    Property tax                                              0
    General & Administrative                           (490,762)
    Other                                               (24,137)
    Management fees                                           0
                                                 --------------
       Total Operating Outflows                      (3,703,389)
                                                 --------------
       Total Net Operating Cash Flow                 (2,478,081)

Net Cash Flow
                                             
Bankruptcy Disbursements                                         
    Bankruptcy Payments                                       0
    Utility Deposits                                          0
    Mechanic's liens/Other                                    0
                                                 --------------
       Total Bankruptcy Payments                              0
                                             
DIP Interest and Fees                                          
    DIP Facility interest                                     0
    Undrawn fee                                               0
    DIP Facility fees                                  (856,150)
                                                 --------------
       Total DIP Interest and Fees                     (856,150)
                                               
    Restructuring professionals                        (754,782)
                                                   
       Total Bankruptcy Disbursements                (1,610,932)
                                                    
       Total Net Cash Flow                           (4,089,013)
                                             
Cash Balance                                       
    Beginning Cash Balance at June 9, 2008 (Bank)    12,396,734
    Net cash flow                                    (4,089,014)
    Change in outstanding checks                      3,213,359
                                                 --------------
    Cash balance before change in DIP Facility       11,521,079
    DIP borrowings/ Repayments                                0
                                                 --------------
       Ending Cash Balance (Bank)                    11,521,079
                                             
Memo: Outstanding Checks                                        
    Beginning Balance                                         0
    Checks issued                                     3,492,471
    Checks (voided) or reissued                               0
    Checks cleared                                     (279,111)
                                                 --------------
       Ending Outstanding Checks Balance              3,213,360
                                             
    Calculated Ending Cash Balance (Book)             8,307,719
    Outstanding checks to liabilities   
       (book overdraft)                                (229,065)
                                                 --------------
       Ending Cash Balance (Book)                    $8,078,654
                                                 ==============

                     Disbursements Per Debtor
                                         
    The Newhall Land and Farming Company             $3,427,297
    Lennar Mare Island, LLC                              40,930
    Stevenson Ranch Venture, LLC                             98
    LandSource Holding Company, LLC                   1,627,437
    LandSource Communities Development, LLC              18,333
    LNR-Lennar Washington Square, LLC                   200,226
                                                 --------------
       Total Disbursement                            $5,314,321
                                                 ==============

         Schedule of Professional Fees and Expenses Paid

     Professional                               Amount Received
     -------------                              ---------------
     Cadwalader, Wickersham & Taft, LLP             $434,913
     FTI Consulting, Inc.                            161,311
     Sidley Austin LLP                                85,621
     Winston & Strawn, LLP                            42,530
     Young Conaway Stargatt & Taylor, LLP             30,407
                                                   ---------
                                                    $754,782     
                                                   =========

                   About LandSource Communities

LandSource Communities Development LLC, which operates in Arizona,
California, Florida, New Jersey, Nevada and Texas, is involved in
the planning and development of master planned communities and
transforming undeveloped land into ready-to-build home sites and
commercial properties.  With the exception of one development
project in Marina del Rey, California, LandSource does not build
homes or commercial properties.

LandSource and 20 of its affiliates filed for chapter 11
bankruptcy protection before the U.S. Bankruptcy Court for the
District of Delaware on June 8, 2008 (Lead Case No. 08-11111).  
The Debtors are represented by Marcia Goldstein, Esq., at Weil
Gotshal & Manges in New York, and Mark D. Collins, Esq., at
Richards Layton & Finger in Wilmington, Delaware.  Lazard Freres &
Co. acts as the Debtors' financial advisors, and Kurtzmann Carson
Consultants serves as the Debtors' notice and claims agent.

According to the Troubled Company Reporter on May 22, 2008,
LandSource sought help from its lender consortium to restructure
$1.24 billion of its debt.  LandSource engaged a 100-bank lender
group led by Barclays Capital Inc., which syndicates LandSource's
debt.  LandSource had received a default notice on that debt from
the lender group after it was not able to timely meet its payments
during mid-April.  However, LandSource failed to reach an
agreement with its lenders on a plan to modify and restructure its
debt, forcing it to seek protection from creditors.

The Debtors' exclusive plan filing period expires on Oct. 6, 2008.  

(LandSource Bankruptcy News, Issue No. 9; Bankruptcy Creditors'
Services Inc. http://bankrupt.com/newsstand/or 215/945-7000).


LINENS N THINGS: LNT Merchandising Files Assets, Debts Schedules
----------------------------------------------------------------
LNT Merchandising filed its Schedules of Assets and Liabilities
with the United States Bankruptcy Court for the District of
Delaware:

A - Real Property                                           None

B - Personal Property
B.16  Accounts Receivable
         Damage Markout Receivable                   $16,251,529
B.18  Other Liquidated Debts Owing Debtor
         Vendor debit balances                        12,942,208
         Prepayments to merchandise vendors           11,987,376
         Credits due for vendor returns                  286,346
B.21  Other Contingent and Unliquidated Claims
         Vendor chargebacks                            1,145,330
B.22  Patents, copyrights, and others
         Trademarks                                      Unknown
B.23  Licenses, franchises & other intangibles
         Credit card customer relationships              Unknown

      TOTAL SCHEDULED ASSETS                         $42,612,789
      ==========================================================

C - Property Claimed                                        None

D - Creditors Holding Secured Claims                        None

E - Creditors Holding Unsecured Priority Claims             None

F - Creditors Holding Unsecured Nonpriority Claims
       Linens 'N Things Canada                       $47,786,196
       Yankee Candle Company                           4,314,186
       Aeolus Down L/C                                 4,181,433
       AMCOR, Inc.                                     3,667,051
       Brentwood Originals                             3,234,278
       Regal Home Collections, Inc.                    3,160,665
       Oxo International, Ltd.                         2,635,212
       Groupe SEB USA                                  2,632,886
       N.I. Teijin Shoji (USA), Inc.                   2,026,427
       Kitchen Aid Portable Appliances                 1,773,498
       Wallace International                           1,979,981
       M. Block & Sons, Inc.                           1,963,059
       Meyer Corp. U.S.                                1,910,735
       Maples Industries Inc.                          1,782,618
       Wythe-Will Distribution LLC                     1,696,055
       Croscill Inc.                                   1,660,756
       Ontel Products Corporation                      1,633,372
       Pacific Coast Feather Company                   1,498,859
       Loftex USA LLC - Import                         1,434,581
       American Fiber Ind.                             1,369,796
       MSA Products, Inc. - Import                     1,359,500
       Royal Linens                                    1,326,926
       Nassau Candy Distributors, Inc.                 1,296,582
       India Ink                                       1,282,836
       United Parcel Service, Inc.                     1,251,120
       The Weston Gallery L/C                          1,232,100
       Divatex Home Fashions Inc./Import               1,209,209
       Suncast Corporation                             1,172,941
       Richloom Home Fashions - Import                 1,147,243
       Homestead International Group                   1,131,015
       CHF Industries, Inc., Import                    1,122,836
       Welspun USA Inc. - Import                       1,110,094
       Interdesign, Inc.                               1,100,369
       S Lichtenberg & Co., Inc.                       1,085,172
       Liz Claiborne Div. of American Pacific          1,052,772
       BEME International LLC                          1,013,221
       Bissell, Inc.                                   1,006,237
       Others                                         72,788,888

      TOTAL SCHEDULED LIABILITIES                   $185,030,705
      ==========================================================

Clifton, New Jersey-based Linens 'n Things, Inc. --
http://www.lnt.com/-- is the second largest specialty retailer     
of home textiles, housewares and home accessories in North America
operating 589 stores in 47 U.S. states and seven Canadian
provinces as of Dec. 29, 2007.  The company is a destination
retailer, offering one of the broadest and deepest selections of
high quality brand-name as well as private label home furnishings
merchandise in the industry.  Linens 'n Things has some 585
superstores (33,000 sq. ft. and larger), emphasizing low-priced,
brand-name merchandise, in more than 45 states and about seven
Canadian provinces.  Brands include Braun, Krups, Calphalon,
Laura Ashley, Croscill, Waverly, and the company's own label.  
Linens 'n Things was acquired by private equity firm Apollo
Management in 2006.

On May 2, 2008, these Linens entities filed chapter 11 petition
(Bankr. D. Del.): Linens Holding Co. (08-10832), Linens 'n Things,
Inc. (08-10833), Linens 'n Things Center, Inc. (08-10834),
Bloomington, MN., L.T., Inc. (08-10835), Vendor Finance, LLC (08-
10836), LNT, Inc. (08-10837), LNT Services, Inc. (08-10838), LNT
Leasing II, LLC (08-10839), LNT West, Inc. (08-10840), LNT
Virginia LLC (08-10841), LNT Merchandising Company LLC (08-10842),
LNT Leasing III, LLC (08-10843), and Citadel LNT, LLC (08-10844).  
Judge Christopher S. Sontchi presides over the case.

The Debtors' bankruptcy counsels are Mark D. Collins, Esq., John H.
Knight, Esq., and Jason M. Madron, Esq., at Richards, Layton &
Finger, P.A., provide Linens 'n Things with bankruptcy counsel.  
The Debtors' special corporate counsel are Holland N. O'Neil, Esq.,
Ronald M. Gaswirth, Esq., Stephen A. McCaretin, Esq., Randall G.
Ray, Esq., and Michael S. Haynes, Esq., at Morgan, Lewis & Bockius,
LLP.  The Debtors' restructuring management services provider is
Conway Del Genio Gries & Co., LLC.  The Debtors' CRO and Interim
CEO is Michael F. Gries, co-founder of Conways Del Genio Gries &
Co., LLC.  The Debtors' claims agent is Kurtzman Carson Consultants,
LLC.  The Debtors' consultants are Asset Disposition Advisors, LLC,
and Protivit, Inc.  The Debtors' investment bankers are Financo,
Inc., and Genuity Capital Markets.

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


NETBANK INC: Delivers June 2008 Monthly Operating Report
--------------------------------------------------------
NetBank, Inc. filed its operating report for the period June 1,
2008, through June 30, 2008.  Funds at the beginning of the period
were $6,996,194 and funds at the end of the period were $6,785,245.

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

               http://ResearchArchives.com/t/s?3080

                           About NetBank

Headquartered in Jacksonville, Florida, NetBank, Inc. --
http://www.netbank.com/-- is a financial holding company of
Netbank, the United States' oldest Internet bank serving retail
and business customers in all 50 states.  NetBank, Inc. does
retail banking, mortgage banking, business finance, and provides
ATM and merchant processing services.

The company filed for chapter 11 protection on Sept. 28, 2007
(Bankr. M.D. Fla. Case No. 07-04295).  Alan M. Weiss, Esq., at
Holland & Knight LLP, represents the Debtor.  The U.S. Trustee for
Region 21 appointed six creditors to serve on an Official
Committee of Unsecured Creditors of the Debtor's case.  Rogers
Towers, Esq. at Kilpatrick Stockton LLP, represents the Committee
in this case.  Rogers Towers P.A. serves as co-counsel to the
Committee.


NETBANK INC: Delivers July 2008 Monthly Operating Report
--------------------------------------------------------
NetBank, Inc. filed its operating report for the period July 1,
2008, through July 31, 2008.  Funds at the beginning of the period
were $6,785,245 and cash at the end of the period were $6,758,700.

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

               http://ResearchArchives.com/t/s?317b

                           About NetBank

Headquartered in Jacksonville, Florida, NetBank, Inc. --
http://www.netbank.com/-- is a financial holding company of
Netbank, the United States' oldest Internet bank serving retail
and business customers in all 50 states.  NetBank, Inc. does
retail banking, mortgage banking, business finance, and provides
ATM and merchant processing services.

The company filed for chapter 11 protection on Sept. 28, 2007
(Bankr. M.D. Fla. Case No. 07-04295).  Alan M. Weiss, Esq., at
Holland & Knight LLP, represents the Debtor.  The U.S. Trustee for
Region 21 appointed six creditors to serve on an Official
Committee of Unsecured Creditors of the Debtor's case.  Rogers
Towers, Esq. at Kilpatrick Stockton LLP, represents the Committee
in this case.  Rogers Towers P.A. serves as co-counsel to the
Committee.


NEW CENTURY: Reports $2,675,781 Net Loss in Month Ended June 20
---------------------------------------------------------------

           New Century Financial Corp. and Affiliates
                   Consolidated Balance Sheet
                       As of June 30, 2008

Assets

Current Assets:
Unrestricted Cash and Equivalents                   $88,086,260
Restricted Cash and Equivalents                      10,285,477
Accounts Receivable, Net                                      0
Notes Receivable                                              0
Inventories                                                   0
Prepaid Expenses                                        238,221
Professional Retainers                                        0
Other Current Assets                                  2,196,076
                                                 --------------
Total Current Assets                                100,806,034
                                                 --------------
Property and Equipment                                2,023,885
Other Assets                                        148,394,022
                                                 --------------
Total Assets                                       $251,223,941
                                                 ==============

Liabilities and Owners' Equity

Liabilities Not Subject to Compromise (Postpetition):
   Accounts Payable                                          $0
   Professional Fees                                  1,522,830
                                                 --------------
Total Postpetition Liabilities                        1,522,830

Liabilities Subject to Compromise (Prepetition):
   Secured Debt                                         402,427
   Priority Debt                                     11,323,226
   Unsecured Debt                                 1,120,969,730
                                                 --------------
Total Prepetition Liabilities                     1,132,695,383
                                                 --------------
Total Liabilities                                 1,134,218,213
                                                 --------------
Owner Equity:
   Capital Stock                                      4,530,047
   Additional Paid-in Capital                     2,170,845,310
   Partners' Capital Account                                  0
   Owners' Equity Account                                     0
   Retained Earnings – Prepetition               (1,083,442,468)
   Retained Earnings – Postpetition              (1,974,927,160)
   Adjustments to Owner Equity                                0
   Postpetition Contributions                                 0
                                                 --------------
Net Owner Equity                                   (882,994,271)
                                                 --------------
Total Liabilities and Owners' Equity               $251,223,942
                                                 ==============

           New Century Financial Corp. and Affiliates
             Consolidated Statement of Operations
                   Month Ended June 30, 2008

Revenues                                                $17,322
Cost of Goods Sold                                            0
Operating Expenses:
   Employee Benefits Programs                            11,559
   Insurance                                            225,000
   Office Expense                                        48,251
   Rent and Lease Expense                                37,685
   Salaries, Commissions, & Fees                        258,163
   Travel and Entertainment                               1,669
   Other                                                594,826
Depreciation, Depletion & Amortization                  100,088
                                                 --------------
Net Profit (Loss) before Other Income & Expenses     (1,259,919)
                                                 --------------
Reorganization Items
   Professional Fees                                  1,522,830
   Interest Earned for Accumulated Cash                (106,968)
Income Taxes                                                  0
                                                 --------------
Net Profit (Loss)                                   ($2,675,781)
                                                 ==============

           New Century Financial Corp. and Affiliates
             Consolidated Statement of Operations
                   Month Ended June 30, 2008

Cash, Beginning of month                           $101,506,261

Total Receipts                                        3,363,899
Total Disbursements                                  (6,498,424)
                                                 --------------
Net Cash Flow                                        (3,134,525)
                                                 --------------
Cash, End of month                                  $98,371,736
                                                 ==============

                   About New Century Financial

Founded in 1995, Irvine, Calif.-based New Century Financial
Corporation (NYSE: NEW) -- http://www.ncen.com/-- is a real          
estate investment trust, providing mortgage products to borrowers
nationwide through its operating subsidiaries, New Century
Mortgage Corporation and Home123 Corporation.  The company offers
a broad range of mortgage products designed to meet the needs of
all borrowers.

The company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2007 (Bankr. D. Del. Lead Case No.
07-10416).  Suzzanne Uhland, Esq., Austin K. Barron, Esq., and
Ana Acevedo, Esq., at O'Melveny & Myers LLP, and Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A., represent the Debtors.  The
Official Committee of Unsecured Creditors selected Hahn & Hessen
as its bankruptcy counsel and Blank Rome LLP as its co-counsel.
When the Debtors filed for bankruptcy, they listed total assets
of $36,276,815 and total debts of $102,503,950.

The Court confirmed the Debtors' second amended joint chapter 11
plan on July 15, 2008.  (New Century Bankruptcy News, Issue No.
46; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


NEWPOWER HOLDINGS: Files Operating Report for Month Ended June 30
-----------------------------------------------------------------
NewPower Holdings, Inc. submitted its monthly operating report for
the period May 31, 2008 to June 30, 2008.  The Debtor had opening
cash balance of $1,162 and ending cash balance of $1,144.

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

               http://ResearchArchives.com/t/s?3176

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

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

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


PLASTECH ENGINEERED: Files February 2008 Monthly Operating Report
-----------------------------------------------------------------

                Plastech Engineered Products, Inc.
                         Balance Sheet
                    As of February 29, 2008

                           ASSETS
   Cash                                              $16,098,365
   Inventory                                          11,021,498
   Accounts receivable                               (50,076,730)
   Insider receivables                                10,917,500
   Land & buildings                                   29,918,635
   Furniture, fixtures & equipment                    75,379,973
   Accumulated depreciation                          (82,055,680)
   Unbilled tooling (net)                              7,807,452
   Prepaid expenses                                    1,717,341
   Investment in Trimquest                             4,635,203
   Transaction costs                                           0
   Goodwill                                                    0
   Intangible assets (net)                                     0
   Deposits & other assets                            24,500,621
                                                   -------------
Total Assets                                         $49,864,178
                                                   =============

                    LIABILITIES AND EQUITY

Postpetition Liabilities:
   Accounts payable - trade                           $6,514,595
   Accounts payable - tooling                            691,039
   Wages & salaries                                    8,564,318
   Taxes payable                                         499,180
   Accrued interest                                    2,829,913
   Accrued liabilities                                 5,057,977
   Intercompany liabilities                           11,234,011
                                                   -------------
Total postpetition liabilities                        35,391,033
                                                   -------------
Secured liabilities:
   Subject to postpetition collateral or
    DIP Revolver
23,619,876                                                  
All other secured liabilities                                  0
                                                   -------------
Total secured liabilities                             23,619,876
                                                   -------------
Prepetition liabilities:
   Unsecured liabilities - trade                      35,964,673
   Unsecured liabilities - tooling                    21,408,925
   Priority liabilities - wages & salaries                     0
   Priority liabilities - taxes                       (4,156,827)
   Priority liabilities - debt                       431,173,120
   Priority liabilities - interest                       279,126
   Unsecured liabilities - accrued                    16,896,752
   Intercompany liabilities                         (295,256,063)
                                                   -------------
Total prepetition liabilities                        206,309,706
                                                   -------------
Total Liabilities                                   $265,320,615
                                                   -------------

Equity:
   Owner's capital                                     1,396,030
   Other comprehensive income (loss)                  (3,083,108)
   Retained earnings (deficit) - prepetition        (206,202,344)
   Retained earnings (deficit) - postpetition         (7,567,015)
                                                   -------------
Total Equity                                        (215,456,437)
                                                   -------------
Total Liabilities & Equity                           $49,864,178
                                                   =============

                Plastech Engineered Products, Inc.
                     Statement of Operations
               For the Month Ended February 2008

Total sales                                           $6,065,713
Cost of sales                                          6,765,690
                                                    ------------
   Gross profit                                         (699,977)
                                                   -------------
Expenses:
   Officers Compensation                                 591,893
   Salary expenses - other employees                   3,648,290
   Employee benefits & pensions                          144,316
   Payroll taxes                                         388,444
   Other taxes                                           499,767
   Rent and lease expense                                462,752
   Interest expense                                    3,176,923
   Insurance                                              15,174
   Automobile & truck expense                             61,469
   Utilities                                             172,732
   Depreciation                                          191,127
   Travel & entertainment                                175,187
   Repairs & maintenance                                 168,647
   Advertising                                                 0
   Supplies, office expenses                              24,051
   Director fees                                               0
   Contributions                                               0
   Outside services                                     (725,204)
   Design recoveries                                    (329,228)
   Commissions                                            29,217
   Tooling                                              (220,122)
                                                   -------------
Total expenses                                         8,475,435
                                                   -------------

Net operating profit (loss)                           (9,175,412)
                                                   -------------
Non-operating Income:
   Interest income                                        58,808
   Other income                                        1,982,657
   Other income (Trimquest)                              621,795
Non-operating Expenses:
   Professional fees                                   1,054,864
   Other expenses                                              0
   Other (translation)                                         0
                                                   -------------
Net income (loss)                                    ($7,567,016)
                                                   =============

Plastech's Cash Statement as of Feb. 24, 2008 is available for free:

              http://researcharchives.com/t/s?314a

The company reports approximately $174,000,000 in accounts
receivable, and some $6,500,000 in accounts payable as of
February 29, 2008, a copy of which is available for free at:

              http://researcharchives.com/t/s?314c

The company disclosed postpetition taxes payable of $1,299,748 as
of February 29, 2008, details of which is available for free:

              http://researcharchives.com/t/s?314d

Plastech reported $881,108 in consolidated insider compensation
and payments for the month, details of which can be accessed for
free at:

              http://researcharchives.com/t/s?314e

                     About Plastech Engineered

Based in Dearborn, Michigan, Plastech Engineered Products, Inc. --
http://www.plastecheng.com/-- is a full-service automotive
supplier of interior, exterior and underhood components.  It
designs and manufactures blow-molded and injection-molded plastic
products primarily for the automotive industry.  Plastech's
products include automotive interior trim, underhood components,
bumper and other exterior components, and cockpit modules.  
Plastech's major customers are General Motors, Ford Motor Company,
and Toyota, as well as Johnson Controls, Inc.

Plastech is a privately held company and is the largest family-
owned company in the state of Michigan.  The company is certified
as a Minority Business Enterprise by the state of Michigan.  
Plastech maintains more than 35 manufacturing facilities in the
midwestern and southern United States.  The company's products are
sold through an in-house sales force.

The company and eight of its affiliates filed for Chapter 11
protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08-
42417).  Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher &
Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C.,
represent the Debtors in their restructuring efforts.  The Debtors
chose Jones Day as their special corporate and litigation counsel.  
Lazard Freres & Co. LLC serves as the Debtors' investment bankers,
while Conway, MacKenzie & Dunleavy provide financial advisory
services.  The Debtors also employed Donlin, Recano & Company as
their claims and noticing agent.

Joel D. Applebaum, Esq., at Clark Hill PLC, represents the
Official Committee of Unsecured Creditors.

As of Dec. 31, 2006, the company's books and records
reflected assets totaling $729,000,000 and total liabilities of
$695,000,000.  (Plastech Bankruptcy News, Issue No. 31; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000)

                             *   *   *

As reported in the Troubled Company Reporter on Aug. 11, 2008,
the Debtors have until Sept. 28, 2008, to file a Chapter 11 plan
of reorganization.


PLASTECH ENGINEERED: Decorating Systems Files February 2008 MOR
---------------------------------------------------------------

                   Plastech Decorating Systems, Inc.
                         Balance Sheet
                    As of February 29, 2008

                           ASSETS
   Cash                                                   $1,000
   Inventory                                           2,440,219
   Accounts receivable                                 6,815,331
   Insider receivables                                         0
   Land & buildings                                    5,885,408
   Furniture, fixtures & equipment                    19,050,489
   Accumulated depreciation                          (14,222,050)
   Unbilled tooling (net)                                      0
   Prepaid expenses                                            0
   Investment in Trimquest                                     0
   Transaction costs                                           0
   Goodwill                                                    0
   Intangible assets (net)                                     0
   Deposits & other assets                             1,749,484
                                                   -------------
Total Assets                                         $21,719,881
                                                   =============

                      LIABILITIES AND EQUITY

Postpetition Liabilities:
   Accounts payable - trade                                   $0
   Accounts payable - tooling                                  0
   Wages & salaries                                       46,734
   Taxes payable                                          27,525
   Accrued interest                                            0
   Accrued liabilities                                   619,430
   Intercompany liabilities                              799,482
                                                   -------------
Total postpetition liabilities                         1,493,171
                                                   -------------
Secured liabilities:
   Subject to postpetition collateral or
    DIP Revolver                                               0
   All other secured liabilities                               0
                                                   -------------
Total secured liabilities                                      0
                                                   -------------
Prepetition liabilities:
   Unsecured liabilities - trade                               0
   Unsecured liabilities - tooling                             0
   Priority liabilities - wages & salaries                     0
   Priority liabilities - taxes                          368,027
   Priority liabilities - debt                                 0
   Priority liabilities - interest                             0
   Unsecured liabilities - accrued                       760,528
   Intercompany liabilities                           18,998,621
                                                   -------------
Total prepetition liabilities                         20,127,176
                                                   -------------
Total Liabilities                                     21,620,347
                                                   =============
Equity
   Owner's capital                                             0
   Other comprehensive income                                  0
   Retained earnings (deficit) - prepetition            (201,848)
   Retained earnings (deficit) - postpetition            301,382
                                                   -------------
Total Equity                                              99,534
                                                   -------------
Total Liabilities & Equity                           $21,719,881
                                                   =============

                Plastech Decorating Systems, Inc.
                     Statement of Operations
                For the Month Ended February 2008

Total sales                                           $2,784,515
Cost of sales                                          2,483,133
                                                   -------------
   Gross profit                                          301,382
                                                   -------------
Expenses
   Officers Compensation                                       0
   Salary expenses -- other employees                          0
   Employee benefits & pensions                                0
   Payroll taxes                                               0
   Other taxes                                                 0
   Rent and lease expense                                      0
   Interest expense                                            0
   Insurance                                                   0
   Automobile & truck expense                                  0
   Utilities                                                   0
   Depreciation                                                0
   Travel & entertainment                                      0
   Repairs & maintenance                                       0
   Advertising                                                 0
   Supplies, office expenses                                   0
   Director fees                                               0
   Contributions                                               0
   Outside services                                            0
   Design recoveries                                           0
   Commissions                                                 0
   Tooling                                                     0
                                                   -------------
Total expenses                                                 0

Net operating profit                                     301,382
                                                   -------------

Non-operating Income:
   Interest income                                             0
   Other income                                                0
   Other income (Trimquest)                                    0
Non-operating Expenses:                                         
   Professional fees                                           0
   Other expenses                                              0
   Other (translation)                                         0
                                                   -------------
Net income                                              $301,382
                                                   =============

                     About Plastech Engineered

Based in Dearborn, Michigan, Plastech Engineered Products, Inc. --
http://www.plastecheng.com/-- is a full-service automotive
supplier of interior, exterior and underhood components.  It
designs and manufactures blow-molded and injection-molded plastic
products primarily for the automotive industry.  Plastech's
products include automotive interior trim, underhood components,
bumper and other exterior components, and cockpit modules.  
Plastech's major customers are General Motors, Ford Motor Company,
and Toyota, as well as Johnson Controls, Inc.

Plastech is a privately held company and is the largest family-
owned company in the state of Michigan.  The company is certified
as a Minority Business Enterprise by the state of Michigan.  
Plastech maintains more than 35 manufacturing facilities in the
midwestern and southern United States.  The company's products are
sold through an in-house sales force.

The company and eight of its affiliates filed for Chapter 11
protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08-
42417).  Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher &
Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C.,
represent the Debtors in their restructuring efforts.  The Debtors
chose Jones Day as their special corporate and litigation counsel.  
Lazard Freres & Co. LLC serves as the Debtors' investment bankers,
while Conway, MacKenzie & Dunleavy provide financial advisory
services.  The Debtors also employed Donlin, Recano & Company as
their claims and noticing agent.

Joel D. Applebaum, Esq., at Clark Hill PLC, represents the
Official Committee of Unsecured Creditors.

As of Dec. 31, 2006, the company's books and records
reflected assets totaling $729,000,000 and total liabilities of
$695,000,000.  (Plastech Bankruptcy News, Issue No. 31; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000)

                             *   *   *

As reported in the Troubled Company Reporter on Aug. 11, 2008,
the Debtors have until Sept. 28, 2008, to file a Chapter 11 plan
of reorganization.


PLASTECH ENGINEERED: Exterior Files Feb. 2008 Operating Report
--------------------------------------------------------------

                  Plastech Exterior Systems, Inc.
                         Balance Sheet
                    As of February 29, 2008

                           ASSETS
   Cash                                                  $12,405
   Inventory                                          16,484,083
   Accounts receivable                                32,866,265
   Insider receivables                                         0
   Land & buildings                                   19,166,823
   Furniture, fixtures & equipment                    95,828,868
   Accumulated depreciation                          (85,725,411)
   Unbilled tooling (net)                                      0
   Prepaid expenses                                            0
   Investment in Trimquest                                     0
   Transaction costs                                           0
   Goodwill                                                    0
   Intangible assets (net)                                     0
   Deposits & other assets                             2,761,966
                                                   -------------
Total Assets                                         $81,394,998
                                                    ============

                    LIABILITIES AND EQUITY

Postpetition Liabilities:
   Accounts payable - trade                                3,214
   Accounts payable - tooling                                  0
   Wages & salaries                                      235,989
   Taxes payable                                          92,781
   Accrued interest                                            0
   Accrued liabilities                                 4,552,256
   Intercompany liabilities                            1,807,063
                                                    ------------
Total postpetition liabilities                         6,691,303
                                                   -------------
Secured liabilities:
   Subject to postpetition collateral or                       0
    DIP Revolver                                               0
   All other secured liabilities                               0
                                                   -------------
Total secured liabilities                                      0
                                                   -------------
Prepetition liabilities:
   Unsecured liabilities - trade                          18,636
   Unsecured liabilities - tooling                             0
   Priority liabilities - wages & salaries                     0
   Priority liabilities - taxes                          598,328
   Priority liabilities - debt                                 0
   Priority liabilities - interest                             0
   Unsecured liabilities - accrued                     8,206,221
   Intercompany liabilities                           66,238,383
                                                   -------------
Total prepetition liabilities                         75,061,568
                                                   -------------
Total Liabilities                                     81,752,871
                                                   =============

Equity:
   Owner's capital                                             0
   Other comprehensive income                                  0
   Retained earnings (deficit) - prepetition          (1,399,828)
   Retained earnings (deficit) - postpetition          1,041,955
                                                   -------------
Total Equity                                            (357,873)
                                                   -------------
Total Liabilities & Equity                           $81,394,998
                                                    ============
                                                                
                  Plastech Exterior Systems, Inc.
                    Statement of Operations
                For the Month Ended February 2008

Total sales                                          $12,710,622
Cost of sales                                         11,668,862
                                                    ------------
   Gross profit                                        1,041,760
                                                   -------------
Expenses:
   Officers Compensation                                       0
   Salary expenses - other employees                           0
   Employee benefits & pensions                                0
   Payroll taxes                                               0
   Other taxes                                                 0
   Rent and lease expense                                      0
   Interest expense                                            0
   Insurance                                                   0
   Automobile & truck expense                                  0
   Utilities                                                   0
   Depreciation                                                0
   Travel & entertainment                                      0
   Repairs & maintenance                                       0
   Advertising                                                 0
   Supplies, office expenses                                   0
   Director fees                                               0
   Contributions                                               0
   Outside services                                            0
   Design recoveries                                           0
   Commissions                                                 0
   Tooling                                                     0
                                                   -------------
Total expenses                                                 0

Net operating profit                                   1,041,760
                                                   -------------
Non-operating Income:
   Interest income                                             0
   Other income                                              195
   Other income (Trimquest)                                    0
Non-operating Expenses:                                         
   Professional fees                                           0
   Other expenses                                              0
   Other (translation)                                         0
                                                   -------------
Net income                                            $1,041,955
                                                   =============

                     About Plastech Engineered

Based in Dearborn, Michigan, Plastech Engineered Products, Inc. --
http://www.plastecheng.com/-- is a full-service automotive
supplier of interior, exterior and underhood components.  It
designs and manufactures blow-molded and injection-molded plastic
products primarily for the automotive industry.  Plastech's
products include automotive interior trim, underhood components,
bumper and other exterior components, and cockpit modules.  
Plastech's major customers are General Motors, Ford Motor Company,
and Toyota, as well as Johnson Controls, Inc.

Plastech is a privately held company and is the largest family-
owned company in the state of Michigan.  The company is certified
as a Minority Business Enterprise by the state of Michigan.  
Plastech maintains more than 35 manufacturing facilities in the
midwestern and southern United States.  The company's products are
sold through an in-house sales force.

The company and eight of its affiliates filed for Chapter 11
protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08-
42417).  Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher &
Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C.,
represent the Debtors in their restructuring efforts.  The Debtors
chose Jones Day as their special corporate and litigation counsel.  
Lazard Freres & Co. LLC serves as the Debtors' investment bankers,
while Conway, MacKenzie & Dunleavy provide financial advisory
services.  The Debtors also employed Donlin, Recano & Company as
their claims and noticing agent.

Joel D. Applebaum, Esq., at Clark Hill PLC, represents the
Official Committee of Unsecured Creditors.

As of Dec. 31, 2006, the company's books and records
reflected assets totaling $729,000,000 and total liabilities of
$695,000,000.  (Plastech Bankruptcy News, Issue No. 31; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000)

                             *   *   *

As reported in the Troubled Company Reporter on Aug. 11, 2008,
the Debtors have until Sept. 28, 2008, to file a Chapter 11 plan
of reorganization.


PLASTECH ENGINEERED: Frenchtown Files Feb. 2008 Operating Report
----------------------------------------------------------------

                   Plastech Frenchtown, Inc.
                       Balance Sheet
                    As of February 29, 2008

                           ASSETS
   Cash                                                   $2,000
   Inventory                                           4,731,774
   Accounts receivable                                20,029,881
   Insider receivables                                         0
   Land & buildings                                      905,657
   Furniture, fixtures & equipment                    17,400,984
   Accumulated depreciation                           (7,297,433)
   Unbilled tooling (net)                                      0
   Prepaid expenses                                        8,955
   Investment in Trimquest                                     0
   Transaction costs                                           0
   Goodwill                                                    0
   Intangible assets (net)                                     0
   Deposits & other assets                             1,229,719
                                                   -------------
Total Assets                                         $37,011,537
                                                   =============

                    LIABILITIES AND EQUITY

Postpetition Liabilities:
   Accounts payable - trade                                   $0
   Accounts payable - tooling                                  0
   Wages & salaries                                       98,919
   Taxes payable                                               0
   Accrued interest                                            0
   Accrued liabilities                                 2,740,663
   Intercompany liabilities                            1,700,047
                                                   -------------
Total postpetition liabilities                         4,539,629
                                                   -------------
Secured liabilities:
   Subject to postpetition collateral or                       0
    DIP Revolver                                               0
   All other secured liabilities                               0
                                                   -------------
Total secured liabilities                                      0
                                                   -------------
Prepetition liabilities:
   Unsecured liabilities - trade                               0
   Unsecured liabilities - tooling                             0
   Priority liabilities - wages & salaries                     0
   Priority liabilities - taxes                                0
   Priority liabilities - debt                                 0
   Priority liabilities - interest                             0
   Unsecured liabilities - accrued                     4,581,569
   Intercompany liabilities                           25,932,119
                                                   -------------
Total prepetition liabilities                         30,513,688
                                                   -------------
Total Liabilities                                     35,053,317
                                                   -------------

Equity:
   Owner's capital                                             0
   Other comprehensive income                                  0
   Retained earnings - prepetition                     1,142,518
   Retained earnings - postpetition                      815,702
                                                   -------------
Total Equity                                           1,958,220
                                                   -------------
Total Liabilities & Equity                           $37,011,537
                                                   =============
                                                                
                    Plastech Frenchtown, Inc.
                    Statement of Operations
                For the Month Ended February 2008

Total sales                                           $8,187,679
Cost of sales                                          7,371,977
                                                   -------------
   Gross profit                                          815,702
                                                   -------------
Expenses:
   Officers Compensation                                       0
   Salary expenses -- other employees                          0
   Employee benefits & pensions                                0
   Payroll taxes                                               0
   Other taxes                                                 0
   Rent and lease expense                                      0
   Interest expense                                            0
   Insurance                                                   0
   Automobile & truck expense                                  0
   Utilities                                                   0
   Depreciation                                                0
   Travel & entertainment                                      0
   Repairs & maintenance                                       0
   Advertising                                                 0
   Supplies, office expenses                                   0
   Director fees                                               0
   Contributions                                               0
   Outside services                                            0
   Design recoveries                                           0
   Commissions                                                 0
   Tooling                                                     0
                                                   -------------
Total expenses                                                 0

Net operating profit                                     815,702
                                                   -------------
Non-operating Income:
   Interest income                                             0
   Other income                                                0
   Other income (Trimquest)                                    0
Non-operating Expenses:                                        
   Professional fees                                           0
   Other expenses                                              0
   Other (translation)                                         0
                                                   -------------
Net income                                              $815,702
                                                   =============

                     About Plastech Engineered

Based in Dearborn, Michigan, Plastech Engineered Products, Inc. --
http://www.plastecheng.com/-- is a full-service automotive
supplier of interior, exterior and underhood components.  It
designs and manufactures blow-molded and injection-molded plastic
products primarily for the automotive industry.  Plastech's
products include automotive interior trim, underhood components,
bumper and other exterior components, and cockpit modules.  
Plastech's major customers are General Motors, Ford Motor Company,
and Toyota, as well as Johnson Controls, Inc.

Plastech is a privately held company and is the largest family-
owned company in the state of Michigan.  The company is certified
as a Minority Business Enterprise by the state of Michigan.  
Plastech maintains more than 35 manufacturing facilities in the
midwestern and southern United States.  The company's products are
sold through an in-house sales force.

The company and eight of its affiliates filed for Chapter 11
protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08-
42417).  Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher &
Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C.,
represent the Debtors in their restructuring efforts.  The Debtors
chose Jones Day as their special corporate and litigation counsel.  
Lazard Freres & Co. LLC serves as the Debtors' investment bankers,
while Conway, MacKenzie & Dunleavy provide financial advisory
services.  The Debtors also employed Donlin, Recano & Company as
their claims and noticing agent.

Joel D. Applebaum, Esq., at Clark Hill PLC, represents the
Official Committee of Unsecured Creditors.

As of Dec. 31, 2006, the company's books and records
reflected assets totaling $729,000,000 and total liabilities of
$695,000,000.  (Plastech Bankruptcy News, Issue No. 31; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000)

                             *   *   *

As reported in the Troubled Company Reporter on Aug. 11, 2008,
the Debtors have until Sept. 28, 2008, to file a Chapter 11 plan
of reorganization.


PLASTECH ENGINEERED: LDM Files Feb. 2008 Monthly Operating Report
-----------------------------------------------------------------

                      LDM Technologies, Inc.
                         Balance Sheet
                    As of February 29, 2008

                           ASSETS
   Cash                                                  $19,000
   Inventory                                          18,769,758
   Accounts receivable                                67,461,943
   Insider receivables                                       730
   Land & buildings                                   36,508,020
   Furniture, fixtures & equipment                   133,808,684
   Accumulated depreciation                         (117,884,373)
   Unbilled tooling (net)                                      0
   Prepaid expenses                                      245,084
   Investment in Trimquest                                     0
   Transaction costs                                           0
   Goodwill                                                    0
   Intangible assets (net)                                     0
   Deposits & other assets                             4,348,519
                                                   -------------
Total Assets                                        $143,277,365
                                                   =============

                    LIABILITIES AND EQUITY

Postpetition Liabilities:
   Accounts payable - trade                                    0
   Accounts payable - tooling                                  0
   Wages & salaries                                      334,042
   Taxes payable                                          45,143
   Accrued interest                                            0
   Accrued liabilities                                 9,797,313
   Intercompany liabilities                              505,921
                                                   -------------
Total postpetition liabilities                        10,682,419
                                                   -------------
Secured liabilities:
   Subject to postpetition collateral or                       0
    DIP Revolver                                               0
   All other secured liabilities                               0
                                                   -------------
Total secured liabilities                                      0
                                                   -------------
Prepetition liabilities:
   Unsecured liabilities - trade                               0
   Unsecured liabilities - tooling                             0
   Priority liabilities - wages & salaries                     0
   Priority liabilities - taxes                          472,412
   Priority liabilities - debt                                 0
   Priority liabilities - interest                             0
   Unsecured liabilities - accrued                    10,712,666
   Intercompany liabilities                          113,913,587
                                                   -------------
Total prepetition liabilities                        125,098,665
                                                   -------------
Total Liabilities                                    135,781,084
                                                   =============

Equity:
   Owner's capital                                             0
   Other comprehensive income                                  0
   Retained earnings  - prepetition                    4,039,301
   Retained earnings  - postpetition                   3,456,980
                                                   -------------
Total Equity                                           7,496,281
                                                   -------------
Total Liabilities & Equity                          $143,277,365

=============                                                   

                      LDM Technologies, Inc.
                    Statement of Operations
               For the Month Ended February 2008

Total sales                                          $24,117,909
Cost of sales                                         20,660,928
                                                   -------------
   Gross profit                                        3,456,981
                                                   -------------
Expenses:
   Officers Compensation                                       0
   Salary expenses - other employees                           0
   Employee benefits & pensions                                0
   Payroll taxes                                               0
   Other taxes                                                 0
   Rent and lease expense                                      0
   Interest expense                                            0
   Insurance                                                   0
   Automobile & truck expense                                  0
   Utilities                                                   0
   Depreciation                                                0
   Travel & entertainment                                      0
   Repairs & maintenance                                       0
   Advertising                                                 0
   Supplies, office expenses                                   0
   Director fees                                               0
   Contributions                                               0
   Outside services                                            0
   Design recoveries                                           0
   Commissions                                                 0
   Tooling                                                     0
                                                   -------------
Total expenses                                                 0

Net operating profit                                   3,456,981
                                                   -------------
Non-operating Income:
   Interest income                                             0
   Other income                                                0
   Other income (Trimquest)                                    0
Non-operating Expenses:                                         
   Professional fees                                           0
   Other expenses                                              0
   Other (translation)                                         0
                                                    ------------
Net income                                            $3,456,981
                                                    ============

                     About Plastech Engineered

Based in Dearborn, Michigan, Plastech Engineered Products, Inc. --
http://www.plastecheng.com/-- is a full-service automotive
supplier of interior, exterior and underhood components.  It
designs and manufactures blow-molded and injection-molded plastic
products primarily for the automotive industry.  Plastech's
products include automotive interior trim, underhood components,
bumper and other exterior components, and cockpit modules.  
Plastech's major customers are General Motors, Ford Motor Company,
and Toyota, as well as Johnson Controls, Inc.

Plastech is a privately held company and is the largest family-
owned company in the state of Michigan.  The company is certified
as a Minority Business Enterprise by the state of Michigan.  
Plastech maintains more than 35 manufacturing facilities in the
midwestern and southern United States.  The company's products are
sold through an in-house sales force.

The company and eight of its affiliates filed for Chapter 11
protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08-
42417).  Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher &
Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C.,
represent the Debtors in their restructuring efforts.  The Debtors
chose Jones Day as their special corporate and litigation counsel.  
Lazard Freres & Co. LLC serves as the Debtors' investment bankers,
while Conway, MacKenzie & Dunleavy provide financial advisory
services.  The Debtors also employed Donlin, Recano & Company as
their claims and noticing agent.

Joel D. Applebaum, Esq., at Clark Hill PLC, represents the
Official Committee of Unsecured Creditors.

As of Dec. 31, 2006, the company's books and records
reflected assets totaling $729,000,000 and total liabilities of
$695,000,000.  (Plastech Bankruptcy News, Issue No. 31; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000)

                             *   *   *

As reported in the Troubled Company Reporter on Aug. 11, 2008,
the Debtors have until Sept. 28, 2008, to file a Chapter 11 plan
of reorganization.


PLASTECH ENGINEERED: LDM Mexico & Canada File February 2008 MOR
---------------------------------------------------------------
LDM Holding Mexico, Inc., and LDM Holding Canada, affiliates of
Plastech Engineered products Inc., declared they have no assets
and liabilities in their Feb. 24, 2008 operating report.  They
also disclosed that they had no revenues during the month ended
February 24.

In their monthly cash statements, LDM Mexico and Canada said the
Debtors made made total disbursements totaling $108,899,063 from
various accounts.  They made payments totaling $881,108 to
insiders, including compensation totaling $815,811.

                     About Plastech Engineered

Based in Dearborn, Michigan, Plastech Engineered Products, Inc. --
http://www.plastecheng.com/-- is a full-service automotive
supplier of interior, exterior and underhood components.  It
designs and manufactures blow-molded and injection-molded plastic
products primarily for the automotive industry.  Plastech's
products include automotive interior trim, underhood components,
bumper and other exterior components, and cockpit modules.  
Plastech's major customers are General Motors, Ford Motor Company,
and Toyota, as well as Johnson Controls, Inc.

Plastech is a privately held company and is the largest family-
owned company in the state of Michigan.  The company is certified
as a Minority Business Enterprise by the state of Michigan.  
Plastech maintains more than 35 manufacturing facilities in the
midwestern and southern United States.  The company's products are
sold through an in-house sales force.

The company and eight of its affiliates filed for Chapter 11
protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08-
42417).  Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher &
Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C.,
represent the Debtors in their restructuring efforts.  The Debtors
chose Jones Day as their special corporate and litigation counsel.  
Lazard Freres & Co. LLC serves as the Debtors' investment bankers,
while Conway, MacKenzie & Dunleavy provide financial advisory
services.  The Debtors also employed Donlin, Recano & Company as
their claims and noticing agent.

Joel D. Applebaum, Esq., at Clark Hill PLC, represents the
Official Committee of Unsecured Creditors.

As of Dec. 31, 2006, the company's books and records
reflected assets totaling $729,000,000 and total liabilities of
$695,000,000.  (Plastech Bankruptcy News, Issue No. 31; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000)

                             *   *   *

As reported in the Troubled Company Reporter on Aug. 11, 2008,
the Debtors have until Sept. 28, 2008, to file a Chapter 11 plan
of reorganization.


PLASTECH ENGINEERED: MBS Polymet Files Feb. 2008 Operating Report
-----------------------------------------------------------------

                       MBS Polymet, Inc.
                         Balance Sheet
                      As of February 29, 2008

                             ASSETS
   Cash                                                   $1,000
   Inventory                                             957,531
   Accounts receivable                                 2,581,005
   Insider receivables                                         0
   Land & buildings                                    1,205,694
   Furniture, fixtures & equipment                     9,142,036
   Accumulated depreciation                           (7,544,620)
   Unbilled tooling (net)                                      0
   Prepaid expenses                                            0
   Investment in Trimquest                                     0
   Transaction costs                                           0
   Goodwill                                                    0
   Intangible assets (net)                                     0
   Deposits & other assets                                 5,875
                                                   -------------
Total Assets                                          $6,348,521       
                                                   -------------

                   LIABILITIES AND EQUITY

Postpetition Liabilities:
   Accounts payable - trade                                    0
   Accounts payable - tooling                                  0
   Wages & salaries                                       22,893
   Taxes payable                                           9,150
   Accrued interest                                            0
   Accrued liabilities                                   129,223
   Intercompany liabilities                             (208,231)
                                                   -------------
Total postpetition liabilities                           (46,965)
                                                   --------------
Secured liabilities:
   Subject to postpetition collateral or                      
    DIP Revolver                                               0
   All other secured liabilities                               0
                                                   -------------
Total secured liabilities                                      0
                                                   -------------
Prepetition liabilities:
   Unsecured liabilities - trade                               0
   Unsecured liabilities - tooling                             0
   Priority liabilities - wages & salaries                     0
   Priority liabilities - taxes                           63,141
   Priority liabilities - debt                                 0
   Priority liabilities - interest                             0
   Unsecured liabilities - accrued                       758,968
   Intercompany liabilities                            5,231,629
                                                   -------------
Total prepetition liabilities                          6,053,738
                                                   -------------
Total Liabilities                                      6,006,773
                                                   =============

Equity
   Owner's capital                                             0
   Other comprehensive income                                  0
   Retained earnings - prepetition                        34,092
   Retained earnings - postpetition                      307,656
                                                   -------------
Total Equity                                             341,748
                                                   -------------
Total Liabilities & Equity                            $6,348,521
                                                   =============
                                                   
                        MBS Polymet, Inc.
                    Statement of Operations
             For the Month Ended February 29, 2008

Total sales                                           $1,351,457
Cost of sales                                          1,043,800
                                                    ------------
   Gross profit                                          307,657        
                                                   -------------
Expenses:
   Officers Compensation                                       0
   Salary expenses -- other employees                          0
   Employee benefits & pensions                                0
   Payroll taxes                                               0
   Other taxes                                                 0
   Rent and lease expense                                      0
   Interest expense                                            0
   Insurance                                                   0
   Automobile & truck expense                                  0
   Utilities                                                   0
   Depreciation                                                0
   Travel & entertainment                                      0
   Repairs & maintenance                                       0
   Advertising                                                 0
   Supplies, office expenses                                   0
   Director fees                                               0
   Contributions                                               0
   Outside services                                            0
   Design recoveries                                           0
   Commissions                                                 0
   Tooling                                                     0
                                                   -------------
Total expenses                                                 0

Net operating profit                                     307,657
                                                   -------------

Non-operating Income:
   Interest income                                             0
   Other income                                                0
   Other income (Trimquest)                                    0
Non-operating Expenses:                                        0
   Professional fees                                           0
   Other expenses                                              0
   Other (translation)                                         0
                                                   -------------
Net income                                               $307,657   
                                                   ==============

                     About Plastech Engineered

Based in Dearborn, Michigan, Plastech Engineered Products, Inc. --
http://www.plastecheng.com/-- is a full-service automotive
supplier of interior, exterior and underhood components.  It
designs and manufactures blow-molded and injection-molded plastic
products primarily for the automotive industry.  Plastech's
products include automotive interior trim, underhood components,
bumper and other exterior components, and cockpit modules.  
Plastech's major customers are General Motors, Ford Motor Company,
and Toyota, as well as Johnson Controls, Inc.

Plastech is a privately held company and is the largest family-
owned company in the state of Michigan.  The company is certified
as a Minority Business Enterprise by the state of Michigan.  
Plastech maintains more than 35 manufacturing facilities in the
midwestern and southern United States.  The company's products are
sold through an in-house sales force.

The company and eight of its affiliates filed for Chapter 11
protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08-
42417).  Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher &
Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C.,
represent the Debtors in their restructuring efforts.  The Debtors
chose Jones Day as their special corporate and litigation counsel.  
Lazard Freres & Co. LLC serves as the Debtors' investment bankers,
while Conway, MacKenzie & Dunleavy provide financial advisory
services.  The Debtors also employed Donlin, Recano & Company as
their claims and noticing agent.

Joel D. Applebaum, Esq., at Clark Hill PLC, represents the
Official Committee of Unsecured Creditors.

As of Dec. 31, 2006, the company's books and records
reflected assets totaling $729,000,000 and total liabilities of
$695,000,000.  (Plastech Bankruptcy News, Issue No. 31; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000)

                             *   *   *

As reported in the Troubled Company Reporter on Aug. 11, 2008,
the Debtors have until Sept. 28, 2008, to file a Chapter 11 plan
of reorganization.


PROGRESSIVE MOLDED: Unit Files Schedules of Assets & Liabilities
----------------------------------------------------------------
Progressive Moulded Products, Ltd. delivered its schedules of
assets and liabilities, disclosing:

A.   Real Property                                         None

B.   Personal Property
B.1  Cash on hand
        Petty Cash CAD Non Division Specific            $10,529
        Petty Cash USD Non Division Specific                993
B.2  Bank Accounts
        Canadian Imperial Bank of Commerce
          USD Business Account                        2,605,044
          CAD Business Account                       (1,947,853)
B.3  Security Deposits                                     None
B.4  Household goods                                       None
B.5  Collectibles                                          None
B.6  Wearing apparel                                       None
B.7  Furs and Jewelry                                      None
B.8  Firearms and other equipment                          None
B.9  Interests in Insurance Policies                       None
B.10 Annuities                                             None
B.11 Interests in an education IRA                         None
B.12 Interests in IRA, ERISA or other Pension Plans        None
B.13 Business Interests and stocks                         None
B.14 Interests in partnerships                             None
B.15 Government and Corporate Bonds                        None
B.16 Accounts Receivable                                
        Android Industries                            2,223,676
        Chrysler Canada Ltd.                         10,990,821
        Chrysler Corporation                          2,634,591
        Chrysler Corporation                          4,586,711
        Ford Motor Company                            1,974,708
        Ford Motor Company                            2,689,638
        Ford Motor Company                           14,916,975
        Ford of Canada                                1,224,323
        General Motors Corporation                    6,611,045
        General Motors Corporation                    9,400,441
        General Motors of Canada                      2,398,859
        Inteva Products, LLC                          3,279,793
        Trimquest                                     1,836,535
        Others                                        7,392,839
B.17 Alimony                                               None
B.18 Other Liquidated Debts                                None
B.19 Equitable or Future Interests                         None
B.20 Interests in estate of a debt benefit plan            None
B.21 Other Contingent & Unliquidated claims                None
B.22 Patents and other intellectual property            280,000
B.23 Licenses, franchises, and other intangibles           None
B.24 Customer lists or other compilations                  None
B.25 Vehicles                                            21,760
B.26 Boats, motors, and accessories                        None
B.27 Aircraft and accessories                              None
B.28 Office equipment, furnishings and supplies         
        Computer Equipment-20VV                         109,911
        Computer Equipment-21GR                          76,244
        Computer Equipment-AE-SS                        563,207
        Computer Equipment-CORP                       1,258,550
        Office Equipment-125VB                          109,311
        Others                                          874,882
B.29 Machinery                                          
        Plant & Equipment-125VB                       2,729,909
        Plant & Equipment-20VV                        5,850,526
        Plant & Equipment-21GR                        6,633,223
        Plant & Equipment-61RG                        5,783,197
        Plant & Equipment-9010B                       1,836,835
        Plant & Equipment-9024A                       7,283,775
        Plant & Equipment-9040A                       5,238,237
        Others                                        6,236,860
B.30 Inventory
        Raw Material - 125VB                          1,754,930
        Raw Material - 20VV                           1,224,749
        Raw Material - 21GR                           2,124,369
        Raw Material - 9020B                          1,058,309
        Raw Material - 9024A                          2,027,002
        Raw Material - 9030A                          1,221,081
        Raw Material - 61RG                             725,618
        Raw Material - 9040B                            491,670
        Raw Material - 9040A                          3,114,832
        Others                                        5,376,200
B.31 Animals                                               None
B.32 Crops                                                 None
B.33 Farming Equipments and implements                     None
B.34 Farm supplies, chemicals, and feed                    None
B.35 Other Personal Property                               None

     TOTAL SCHEDULED ASSETS                        $136,834,855
     ==========================================================

C.   Property Claimed as Exempt                            None

D.   Secured Claim      
        CIT Financial Ltd                            $1,540,030
        HSBC                                            716,036
        JPMorgan ChaseBank, Agent                    24,900,000
        JPMorgan ChaseBank, Agent                    20,400,000
        JPMorgan ChaseBank, Agent                    11,951,712
        JPMorgan ChaseBank, Agent                   219,686,952
        Relational Capital Lease                      5,988,829
        Wells Fargo Bank, Agent                      31,571,083

E.   Unsecured Priority Claims  
        Employee Vacation Pay                         2,677,993
        Employee Wages                                1,614,030
        GST Payable                                     615,539
        Statutory Payroll Taxes                         138,324

F.   Unsecured Non-priority Claims
        GS Mezzanine Partners III Offshore Fund,L.P. 38,655,637
        JPMorgan Chase Bank                          35,200,000
        MG Stratum Fund III, L.P.                    20,052,455
        GS Mezzanine Partners III Onshore Fund,L.P. 115,737,726
        Others                                       58,021,906

     TOTAL SCHEDULED LIABILITIES                   $589,468,250
     ==========================================================

                      About Progressive Molded

Ontario, Canada-based Progressive Molded Products Inc. -- designs
and manufactures component parts for General Motors Corp., Ford
Motor Company and Chrysler, LLC.  Its interior automotive
subsystems are used for the "Big Three" automakers' top-selling
platforms, including lightweight trucks, SUVs, mini-vans, cross-
over vehicles, and passenger cars.  

The company and three of its affiliates filed for creditor
protection under Chapter 11 of the U.S. Bankruptcy Code before the
United States Bankruptcy Court for the District of Delaware on
June 20, 2008 (Lead Case No. 08-11253).  Kelley A. Cornish, Esq.
and Brian S. Hermann, Esq. at Paul, Weiss, Rifkind Wharton &
Garrison LLP and Pauline K. Morgan, Esq., Joseph M. Barry, Esq.,
and Donald J. Bowman, Jr., Esq. at Young, Conaway, Stargatt &
Taylor represent the Debtors in their restructuring efforts.

The Progressive Molded Products entities also commenced parallel
restructuring proceedings under the Companies' Creditors
Arrangement Act before the Ontario Superior Court of Justice
(Commercial List) on June 20.  Sheryl E. Seigel, Esq. and Alex A.
Ilchenko, Esq. at Lang Michener LLP are their solicitors.  Alex F.
Morrison at Ernst & Young, Inc., has been appointed CCAA monitor
and Kevin J. Zych, Esq. at Bennett Jones LLP serves as his
solicitor.


PROGRESSIVE MOLDED: THL-PMPL Files Schedules of Assets and Debts
----------------------------------------------------------------
THL-PMPL Holding Corp. delivered to the Court its schedules of
assets and liabilities, disclosing:

A.   Real Property                                         None

B.   Personal Property
B.1  Cash on Hand                                          None
B.2  Bank Accounts                                         None
B.3  Security deposits                                     None
B.4  Households goods                                      None
B.5  Collectibles                                          None
B.6  Wearing apparel                                       None
B.7  Furs and jewelry                                      None
B.8  Firearms and other equipment                          None
B.9  Interests in insurance policies                       None
B.10 Annuities                                             None
B.11 Interests in an education IRA                         None
B.12 Interests in other pension plans                      None
B.13 Business interests and stocks
        100% Ownership of Progressive
        Moulded Products, Limited                  $332,541,344
B.14 Interests in partnerships/joint ventures              None
B.15 Government and corporate bonds                        None
B.16 Accounts Receivable                                   None
B.17 Alimony                                               None
B.18 Other liquidated debts owed to Debtor                 None
B.19 Equitable or future interests                         None
B.20 Interests in estate debt benefit plan                 None
B.21 Other contingent and unliquidated claims              None
B.22 Patents, copyrights, and others                       None
B.23 Licenses, franchises, and other intangibles           None
B.24 Customer lists or other compilations                  None
B.25 Vehicles                                              None
B.26 Boats, motors, and accessories                        None
B.27 Aircraft and accessories                              None
B.28 Office equipment, furnishings, and supplies           None
B.29 Machinery, fixtures, and equipment                    None
B.30 Inventory                                             None
B.31 Animals                                               None
B.32 Crops                                                 None
B.33 Farming equipment and implements                      None
B.34 Farm supplies, chemicals, and feed                    None
B.35 Other personal property                               None
        
     TOTAL SCHEDULED ASSETS                        $332,541,344
     ==========================================================

C.   Priority Claimed as Exempt                            None

D.   Secured Claims                                        None

E.   Unsecured Priority Claims                             None

F.   Unsecured Non-priority claims
        Progressive Moulded Products
          re 2004 - 2006 legal fees                     $63,186

     TOTAL SCHEDULED LIABILITIES                        $63,186
     ==========================================================

                      About Progressive Molded

Ontario, Canada-based Progressive Molded Products Inc. -- designs
and manufactures component parts for General Motors Corp., Ford
Motor Company and Chrysler, LLC.  Its interior automotive
subsystems are used for the "Big Three" automakers' top-selling
platforms, including lightweight trucks, SUVs, mini-vans, cross-
over vehicles, and passenger cars.  

The company and three of its affiliates filed for creditor
protection under Chapter 11 of the U.S. Bankruptcy Code before the
United States Bankruptcy Court for the District of Delaware on
June 20, 2008 (Lead Case No. 08-11253).  Kelley A. Cornish, Esq.
and Brian S. Hermann, Esq. at Paul, Weiss, Rifkind Wharton &
Garrison LLP and Pauline K. Morgan, Esq., Joseph M. Barry, Esq.,
and Donald J. Bowman, Jr., Esq. at Young, Conaway, Stargatt &
Taylor represent the Debtors in their restructuring efforts.

The Progressive Molded Products entities also commenced parallel
restructuring proceedings under the Companies' Creditors
Arrangement Act before the Ontario Superior Court of Justice
(Commercial List) on June 20.  Sheryl E. Seigel, Esq. and Alex A.
Ilchenko, Esq. at Lang Michener LLP are their solicitors.  Alex F.
Morrison at Ernst & Young, Inc., has been appointed CCAA monitor
and Kevin J. Zych, Esq. at Bennett Jones LLP serves as his
solicitor.


PROPEX INC: Submits June 2008 Monthly Operating Report
------------------------------------------------------

                          Propex Inc.
          Unaudited Condensed Consolidated Balance Sheet
                       As of June 29, 2008

ASSETS
Current Assets:
   Cash and cash equivalents                         $31,900,000
   Restricted Cash                                       700,000
   Accounts receivable, net                          106,900,000
   Accounts receivable claims – prepetition                    -
   Inventories, net                                  131,800,000
   Deferred income taxes                               8,700,000
   Prepaid expenses and other current assets          27,500,000
   Assets held for sale                                7,400,000
                                                     -----------
Total current assets                                 314,900,000

Other assets:
   Goodwill                                                    -
   Intangible assets, net                             17,100,000
   Deferred income taxes                                       -
   Investment in subsidiaries                                  -     
   Intercompany notes receivable                               -
   Other assets                                        7,100,000
                                                     -----------   
   Property, plant and equipment, net                223,600,000
                                                     -----------
Total assets                                        $562,700,000
                                                     ===========
LIABILITIES AND STOCKHOLDER'S EQUITY

Current liabilities:
  Prepetition
    Accounts payable                                  $8,100,000     
    Accrued liabilities                                1,300,000
    Current portion of debt and accrued interest     382,200,000
    Accrued pension obligations                                -
    Restructuring and other similar costs                700,000
    Other current liabilities                            200,000
  Postpetition
    Accounts payable                                  32,700,000
    Accrued liabilities                               22,900,000
    Current portion of debt and accrued interest      35,600,000
    Accrued pension obligations                                -
    Restructuring and other similar costs                500,000
    Other current liabilities                          1,700,000
                                                     -----------
Total current liabilities                            485,900,000

Non-current liabilities:
   Prepetition
      Accrued pension and other postretirement  
      benefit liabilities                             24,700,000     
      Other  non-current liabilities                           -
   Postpetition
      Intercompany notes payable                               -
      Debt, less current portion                               -
      Deferred income taxes                           11,300,000
      Accrued pension and other postretirement
      benefit liabilities                             28,400,000
      Other non-current liabilities                    1,400,000
                                                      ----------
   Total non-current liabilities                      65,800,000
   Total stockholder's equity:
      Common stock                                             -
      Paid In capital                                 96,300,000
      Accumulated other comprehensive income          27,400,000
      Retained earnings - prior year                 (88,300,000)
      Retained earnings - current year               (24,400,000)
                                                     -----------
Total stockholder's equity                            11,000,000
                                                     -----------
Total liabilities and stockholder's equity          $562,700,000
                                                     ===========

                           Propex Inc.
      Unaudited Condensed Consolidated Statements of Operations
                  For Month Ended June 29, 2008
                                                                  
Net revenue                                          $56,700,000    
Cost of sales                                         51,200,000
                                                     -----------
   Gross profit                                        5,500,000

Operating expenses:
    Selling, general and administrative                5,400,000
    Other expense, net                                   200,000
    Add Back Depreciation and amortization             2,200,000

EBITDA                                                 2,100,000

Depreciation & Amortization                            2,200,000
Interest expense                                       1,100,000
Restructuring and similar costs                          500,000
Non-cash pension and other expense                       100,000
Other non-operating expense(income)  
   Impairment of other intangibles                             -
   Impairment of property, plant and equipment                 -
   Pension curtailment(gain), net of settlement loss           -
   Debt forgiveness                                            -
   Other                                                       -
Equity(income) loss from sub-earnings                          -
Income (loss) before income taxes                     (1,800,000)
   Income tax provision                                  700,000
                                                    ------------
Net income (loss)                                    ($2,500,000)
                                                    ============

                           Propex Inc.
     Unaudited Condensed Consolidated Statement of Cash Flows
                  For Month Ended June 29, 2008

Cash Flows from Operating Activities:
   Net income(loss)                                 ($2,500,000)
   Adjustments to reconcile, net income to net  
   cash provided by used in operating activities:
     Depreciation and amortization                    2,200,000
     Non-cash interest on debt                         (700,000)
     Amortization of bank fees                                -
     Net gain on dispositions of property and equipment       -
     Stock-based compensation                                 -
     Impairment of property, plant and equipment              -
     Impairment of goodwill                                   -
     Impairment of intangibles                                -
     Pension and post-retirement benefit cost           200,000
     Deferred income taxes                                    -
   Changes in operating assets and liabilities
     Decrease(increase) in assets-prepetition          (100,000)
     Decrease(increase) in assets-postpetition        1,700,000
    (Decrease)increase in liabilities-prepetition      (400,000)
    (Decrease)increase in liabilities postpetition    4,400,000
                                                     -----------
Net cash provided by operating activities             4,800,000
Cash flows from investing activities
   Capital expenditures                              (1,500,000)
   Proceeds from sale of property and equipment               -
   Acquisition of business                                    -
                                                     -----------  
   Net cash used in investing activities             (1,500,000)

Cash flows from financing activities
   Payments of long-term debt principal                       -
   Proceeds from issuance of debt                       300,000
   Debt issuance costs                                        -
   Dividends                                                  -
   Net receipts from unconsolidated parent company            -
   Net payments of affiliate debt                             -
                                                    -----------
   Net cash provided by financing activities            300,000
   Effect of changes in foreign exchange rates
   on cash and cash equivalents                         200,000
                                                    -----------
   Change in cash and cash equivalent                 3,800,000  
   Cash and cash equivalents - beginning period      28,100,000
                                                    -----------   
   Cash and cash equivalents - end period           $31,900,000
                                                    ===========

                          About Propex

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

The company and its debtor-affiliates filed for Chapter 11
protection on Jan. 18, 2008 (Bankr. E.D. Tenn. Case No. 08-
10249).  The Debtors have selected Edward L. Ripley, Esq., Henry
J. Kaim, Esq., and Mark W. Wege, Esq. at King & Spalding, in
Houston, Texas, to represent them.  The Official Committee of
Unsecured Creditors have tapped Ira S. Dizengoff, Esq., at Akin
Gump Strauss Hauer & Feld, LLP, in New York, to be its counsel.

As of Sept. 30, 2007, the Debtors' balance sheet showed total
assets of $585,700,000, and total debts of $527,400,000.  The
Debtors' exclusive period to file a plan of reorganization will
expire on Aug. 21, 2008.

(Propex Bankruptcy News, Issue No. 14; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000)


REUNION INDUSTRIES: Earns $36,000 in Month Ended May 31, 2008
-------------------------------------------------------------
Reunion Industries, Inc. earned $36,000 and generated $1,719,000
in net sales for the month of May 2008.

As of May 31, 2008, the Debtor had $34,069,000 in total assets,
$18,911,000 in total liabilities, and $15,158,000 in stockholders'
equity.

A full-text copy of the Debtor's May 2008 monthly operating report
is available for free at http://ResearchArchives.com/t/s?3177

                     About Reunion Industries

Headquartered in Pittsburgh, Pennsylvania, Reunion Industries,
Inc. owns and operates industrial manufacturing operations that
design and manufacture engineered, high quality products for
specific customer requirements.  These products include large
diameter seamless pressure vessels, manufactured by its CP
Industries division, and hydraulic and pneumatic cylinders,
manufactured by its Hanna Cylinders division.  In addition,
the Debtor has a 65% interest in Shanghai Klemp Metal Products
Co., Ltd., a Chinese company located in Shanghai, China.
Shanghai Klemp manufactures metal bar grating.

Reunion Industries filed for chapter 11 protection on Nov. 26,
2007 (Bankr. D. Conn. Case No. 07-50727).  Two Reunion Industries
stockholders, Charles E. Bradley, Sr. Family, L.P., and John Grier
Poole Family, L.P., filed separate chapter 11 petitions on the
same day (Bankr. D. Conn. Case Nos. 07-50725 and 07-50726).  Carol
A. Felicetta, Esq. at Reid and Riege, P.C.s represents the Debtors
in their restructuring efforts.


S & A RESTAURANT: Files Schedules of Assets and Debts
-----------------------------------------------------
S & A Restaurant Corp. and its debtor-affiliates filed with the U.S.
Bankruptcy Court for the Eastern District of Texas, its schedules of
assets and liabilities, disclosing:

A.     Real Property                                        None

B.     Personal Property
B.1    Cash on hand                                         None
B.2    Bank Accounts                               
          JP Morgan Chase Bank 656525235               1,455,188
          JP Morgan Chase Bank 656525227                 251,672
          JP Morgan Chase Bank 649664208                 200,125
          Others                                         176,099
B.3   Security Deposits                               
         Utility Deposit
            Atmos Energy/781008                            6,655
            AEP/24421 Public Service Co. of OK             6,116
            Tri-County Electric Cooperative/TX             3,200
            City of Tulsa, OK                              2,500
            City of Wichita Falls, TX                      2,200
            TECO: People's Gas                             2,050
            Public Works Comm. City of Fayetteville        1,200
            City of Petersburg, FL                         1,165
            Regional Water Authority, CT                     300
            City of Southlake, TX                             50
B.4   Household goods                                       None
B.5   Collectibles                                          None
B.6   Wearing apparel                                       None
B.7   Furs and jewelry                                      None
B.8   Firearms and sports equipment                         None
B.9   Interests in Insurance Policies
        ACE American Insurance Co. -
          Workers' Compensation WLRC44471553             Unknown
        ACE American Insurance Co. -
          Workers' Compensation WCUC44471589             Unknown
        ACE American Insurance Co. -
          Workers' Compensation SCFC44471577             Unknown
        ACE American Insurance Co. - Automobile          Unknown
        ACE American Insurance Co. - Gen. Liability      Unknown
        ACE American Insurance Co. - Liquor Liability    Unknown
        American Home Assurance Co. -
          Kidnap & Ransom                                Unknown
        Brickstreet Insurance - Workers' Compensation    Unknown
        BWC (Ohio) - Workers' Compensation               Unknown
        Illinois Union Ins. Co - Employers Excess
          Indemnity - Texas                              Unknown
        National Union Fire of PA - Crime                Unknown    
B.10  Annuities                                             None
B.11  Interests in an education IRA as defined in           
       26 U.S.C. Section 530(b)(1)                          None
B.12  Interests in IRA, ERISA, Keogh, or other               
       Pension or profit-sharing plans                      None
B.13  Business Interests and stocks                         None
B.14  Interests in partnerships                     Undetermined
B.15  Government and Corporate Bonds                        None
B.16  Accounts Receivable                                   None
B.17  Alimony, maintenance, support, and
       property settlements debtor is entitled to           None
B.18  Other Liquidated Debts                                None
B.19  Equitable or future interests, life estates,   
         and rights or powers exercisable for the         
         debtor's benefit                                   None
B.20  Contingent and noncontingent interests in
       estate of a decedent, death benefits plan,
       life insurance policy, or trust                      None
B.21  Other contingent and unliquidated claims   
       Olaf Kolzig, et al.,                         Undetermined
B.22  Patents, copyrights, and other
       intellectual property                        Undetermined
B.23  Licenses, franchises, and other
       general intangibles                                  None
B.24  Customer lists or other compilations                  None
B.25  Vehicles                                              None
B.26  Boats, motors and accessories                         None
B.27  Aircraft and accessories                              None
B.28  Office equipment, furnishings and supplies    
         POS-Great                                        31,944
         Patronix Gift                                    14,040
         P-8722 37                                        21,802
         Furniture                                        71,916
         HP Color Laserjet                                 3,068
         Office Furniture                                  1,786
         Laptop for Kim                                    1,704
         Laptops-F.Malsch                                  1,603
         Additional                                        1,388
         Laptop DON                                        1,059
         Laptop Doris                                      1,049
         Laptop Sheryl                                     1,039
         Laptop for Keith                                  1,036
         Laptop-Barbara                                    1,032
         Laptop Joe                                        1,029
         Others                                           38,042
B.29  Machinery                                             None
B.30  Inventory                                             None
B.31  Animals                                               None
B.32  Crops - growing or harvested                          None
B.33  Farming equipment and implements                      None
B.34  Farm supplies, chemicals, and feed                    None
B.35  Other Personal Property                               None

      TOTAL SCHEDULED ASSETS                          $2,302,057
      ==========================================================

C.    Property Claimed as Exempt                            None

D.    Secured Claims
         Secured Debt     
            Fortress                                 $11,110,490
            MBM (Contingent & Unliquidated)            2,500,000
            MMCo                                       4,400,000
            MMCO                                       3,602,000
         Letters of Credit
            JPMorgan Chase - New York               Unliquidated
         Mechanics Liens (Contingent, Unliqu. and Disputed)
            Materna's Maintenance, Inc.                   71,541
            A to Z Heating & Cooling, Inc.                12,887
            Dolan Mechanical - STK 4721                    6,465
            One Hour Heating and Air - Pondo 3962          6,250
            REB Air Conditioning - Bennigan's 1055         5,903
            REB Air Conditioning - Bennigan's 1063         5,800
            Roto Rooter                                    1,604

E.    Unsecured Priority Claims  
         Priority Tax Claims -
           All Tax Liabilities                      Undetermined
         Priority Claims - Customer Gift Cards      Undetermined

F.    Unsecured Non-priority Claims
         Accounts Payable
            MBM Corporation                            3,414,939
            Dallas Value Inc.                            256,253
            Blanks Printing & Imaging                    214,363
            Myspace.com                                  192,380
            Time Warner Cable Media Sales                176,161
            Prakticus Texas Inc.                         171,531
            Comcast of Florida/Illinois/Michigan, Inc.   168,929
            Comcast Spotlight Inc.                       144,998
            REPCO Graphics                               144,992
            Nies Artcraft Inc.                           127,723
            Air International Business                   119,181
            AICCO Inc.                                   111,473
            Spot Runner Inc.                             101,641
            Morven Industries Inc.                        92,444
            F.I.R.S.T. Service Corp.                      88,509
            National Glass & Gate Service                 84,015
            Sights on Service Inc.                        83,408
            CB Richard Ellis Inc.                         78,000
            NCL Graphic Specialities Inc.                 76,341
            McGladrey & Pullen LLP                        75,000
            Box Holdings, LLC                             68,902
            Donnelley Receivables Inc.                    66,050
            Granite Telecommunications LLC                65,688
            Others                                     7,458,192
            <http://bankrupt.com/misc/S&A_AccountsPayable.pdf>
         Litigation Claims and Disputes
            Michael S. Kaufman, former employee,
              seeking $966,000 under
              MRG Equity Growth Plan                Undetermined
            Nina Ashley, seeking P.I. Claim         Undetermined
            Patricia Upson, seeking P.I. Claim      Undetermined  
            Prakticus, Texas, Inc., for claims
              for unpaid clothing and  
              promotional items                     Undetermined
            RHEC Associates, Ltd.                   Undetermined
            RHEC Associates, Ltd.                   Undetermined
            RUTH Moten                              Undetermined
            Shelly Turner                           Undetermined
         Other Unsecured Debt
            Metromedia Company and Trust dated
              as of May 30, 1984                      76,956,455
            Affliated Computer Services               1,905,750
            Guarantors for real estate
               S&A Fee Properties SPE 1, L.L.C.
               (Contingent and Unliquidated)
                   Miami/Kendall                       2,277,802
                   Tallahassee Apalachee Bend          1,532,324
                   Chicago Calumet River Oak           1,464,802
                   Brandon Bennigan's                  1,394,715
                   Bethlehem                           1,373,690
                   Beaumont Calder                     1,267,114
                S&A Fee Properties SPE 2, L.L.C.
                   Chicago Ridgeland Bennigan's        1,745,145
                   Austin Lampasas                     1,485,827
                   Fort Worth Arlington                1,475,314
                   Albuquerque                         1,369,878
                   Springfield Baltimore Pike          1,317,620
                   Normal/Bloomington                  1,254,542
                   Tyler Troup                         1,117,872
            Intercompany payable
               S&A Fee Properties SPE 1, L.L.C.        1,139,154
            Others                                    26,445,350
            <http://bankrupt.com/misc/S&A_OtherSecuredDebts.pdf>

      TOTAL SCHEDULED LIABILITIES                   $159,432,691
      ==========================================================

           Motion to Extend Deadline to File Schedules

Certain of debtors in the bankruptcy cases of S & A Restaurant Corp.
and its debtor-affiliates, filed their schedules and statements
August 21.  The Debtors sought extensions to August 18, then to
August 21, of the deadline.

J. Michael Sutherland, Esq., at Carrington, Coleman, Soleman &
Blumenthal, L.L.P., said that although every effort has been made
to complete the Schedules and Statements by the original deadline
AlixPartners LLP has had great difficulty accessing information
required to complete the Schedules and Statements.  AlixPartners
was finalizing some or all of the Schedules and Statements while
the Debtors' officers are reviewing and approving them.

The first meeting of creditors of the Debtors is set August 29, 2008.

                       About S & A Restaurant

Based in Plano, Tex., S & A Restaurant Corp. --
http://www.metrogroup.com,http://www.steakandale.com,
http://www.steakandalerestaurants.com,http://www.bennigans.com/
-- and other affiliated entities operate the Bennigan's Grill &
Tavern, and the Steak & Ale restaurant chains under the Metromedia
Restaurant Group.  Bennigan's Grill & Tavern is a chain of more
than 310 pub-themed restaurants offering sandwiches and burgers,
as well as ribs, steaks, and seafood.  The Steak & Ale chain
offers a broader menu set in the atmosphere of an 18th century
English country inn.  The Metromedia Restaurant Group, a unit of
closely held conglomerate Metromedia Company, is one of the
world's leading multi-concept table-service restaurant groups,
with more than 800 Bennigan's(R), Bennigan's SPORT(TM), Steak and
Ale(R), Ponderosa Steakhouse(R) and Bonanza(TM) Steakhouse
restaurants in the United States and abroad.  MRG's annual U.S.
sales are estimated at $1,000,000,000.

S & A Restaurant and 38 of its affiliates filed Chapter 7 petition
under the U.S. Bankruptcy Code on July 29, 2008 (Bankr. E.D. Tex.
Case No. 08-41898).  J. Michael Sutherland, Esq. at Carrington
Coleman Sloman & Blumenthal, is the Debtors counsel.  Michelle H.
Chow was appointed Chapter 7 bankruptcy trustee in the case.  

(Bennigan's and Steak & Ale Bankruptcy News, Issue No. 4;
Bankruptcy Creditors' Service, Inc., Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


WELLMAN INC: Submits June 2008 Operating Report
-----------------------------------------------

                           Wellman, Inc.
               Condensed Consolidated Balance Sheet
                            (Unaudited)
                       As of June 30, 2008

Current assets:
Cash and cash equivalents                            $2,600,000
Accounts receivable                                 151,000,000
Inventories                                          81,500,000
Prepaid expenses and other current assets            28,800,000
Current assets held for sale                                  -
                                                   ------------
Total current assets                                263,900,000

Property, plant and equipment:
Land, buildings and improvements                     90,400,000    
Machinery and equipment                             339,700,000   
CIP                                                   4,700,000
                                                   ------------
                                                    434,800,000
Less accumulated depreciation                       197,800,000
                                                   ------------  
Net property, plant and equipment                   237,000,000

Other assets                                         11,500,000
Noncurrent assets held for sale                               -
                                                   ------------
Total Assets                                       $512,400,000
                                                   ============

               LIABILITIES & STOCKHOLDERS' DEFICIT

Liabilities Not Subject to Compromise
Current Liabilities:
Accounts payable - trade                              1,200,000
Accrued liabilities                                  21,500,000
Debtor-in-possession credit agreement               138,600,000
Other debt                                                    -
Current liabilities associated with assets
   held for sale                                              -
                                                   ------------
Total current liabilities                           161,300,000      

Liabilities subject to compromise                   531,500,000

Long-term debt                                                -
Deferred income taxes and other noncurrent
   liabilities                                       37,700,000
Noncurrent liabilities associated w/ assets
   held for sale                                              -
                                                   ------------
Total Liabilities                                   730,500,000

Stockholders' Deficit:
Common stock                                                  -
Preferred stock                                     185,700,000
Paid-in capital                                     248,300,000     
Common stock warrants                                 4,900,000
Accumulated other comprehensive loss                          -
Accumulated deficit                                (607,500,000)
Less common stock in treasury                       (49,500,000)
                                                   ------------
Total Stockholders Deficit                         (218,100,000)
                                                   ------------
                                                   $512,400,000
                                                   ============

                           Wellman, Inc.
              Consolidated Statements of Operations
                            (Unaudited)
                For the Month Ended June 30, 2008

Net Sales                                          $101,500,000
Cost of Sales                                       101,000,000
                                                   ------------
Gross Profit (Loss)                                     500,000

Selling, General and Administrative Expenses          2,200,000
Other (Income) Loss                                           0
                                                   ------------
Operating Income (Loss)                              (1,700,000)     

Interest Expense, Net                                 1,000,000
                                                   ------------
Earnings (loss) from continuing operations
   before reorganization items and income taxes      (2,700,000)

Reorganization Items, Net                             2,400,000
                                                   ------------   
Earnings (loss) from continuing operations
   before income taxes                               (5,100,000)

Income tax expense (benefit)                                  0
                                                   ------------
Earnings (loss) from continuing operations           (5,100,000)
Earnings (loss) from discontinued operations,
   net of tax                                                 0
                                                   ------------
Net Earnings (Loss)                                 ($5,100,000)
                                                   ============

                           Wellman, Inc.
                Simplified Statement of Cash Flows
                            (Unaudited)
                 For the Month Ended June 30, 2008

Cash flow from operating activities:
Net earnings (loss)                                 ($5,100,000)

Adjustments to reconcile net earnings (loss) to
   net cash used in operating activities:
Loss from discontinued operations, net of tax                 0
Depreciation                                          1,100,000     
Amortization                                          1,400,000
Amortization in interest expense                        400,000
Deferred taxes on income                                      0
Reorganization Items                                  2,400,000     
Payment of reorganization items                      (2,700,000)  
Gain on sale of assets                                        0

Changes in assets and liabilities:
Accounts receivable                                   6,000,000
Inventories                                          21,100,000
Prepaid expenses and other current assets             6,200,000     
Other assets                                           (400,000)
Accounts payable and accrued liabilities             (5,000,000)
Other liabilities                                       600,000
Other                                                         0
                                                   ------------
Net cash provided (used) by operating activities    $26,000,000  

Cash flows from investing activities:
Additions to property, plant and equipment (net)       (300,000)
Proceeds from sale of assets                                  0
                                                   ------------
Net cash used by investing activities                  (300,000)   

Cash flows from financing activities:
Borrowings (repayments) of long-term debt           (35,500,000)
Dividends paid on common stock                                0
Debt and equity issuance costs                         (600,000)      
                                                   ------------
Net cash provided (used) by financing activities    (36,100,000)   

Discontinued Operations:
Operating activities                                          0
Investing activities                                          0
Financing activities                                          0
                                                   ------------
Net cash provided (used) by discontinued
   operations                                                 0
                                                   ------------
Increase (decrease) in cash and cash                (10,400,000)
                                                        
Cash and cash equivalents, beginning                 13,000,000
                                                   ------------
Cash and cash equivalents, end                       $2,600,000
                                                   ============

According to Wellman, the $4,100,000 decrease in gross profit --
from $4,600,000 in May to $500,000 in June -- was attributable to
a decrease in the chemical-based segment.  

Current Raw Material Margin decreased by about $1,900,000 because
raw material costs increased more than the current selling
prices.  This decrease was more than offset by the FIFO method of
accounting for inventory, which resulted in $3,600,000 of lower
raw material costs from prior months being charged against
current month's selling prices.

In June, chemical sales volumes increase by about 3,800,000
pounds.  Additionally, May's gross profit was favorably impacted
by $6,000,000 due to developments associated with pending  
litigation and favorable plant costs which did not impact
June's results.  SG&A costs remained unchanged (about $2,200,000
in May and June).  Other income decreased by $100,000 because
anti-dumping proceeds received in May were not recurring in June.
As a result, Wellman reported an operating loss of $1,700,000 in
June compared to operating income of $2,500,000 in May.  Interest
expense was $1,000,000 in May and June.  Interest expense was
calculated only on the amount borrowed under the  Debtor-in-
Possession Credit Agreement.

Reorganization costs, which consisted primarily of legal fees
related to the Chapter 11 filing, were $2,400,000 in June
compared to $2,600,000 in May.  As a result, Wellman's net loss
was $5,100,000 in June compared to $1,100,000 for May 2008.

The balance sheet at June 30, 2008, reflected $138,600,000 in
borrowings under the DIP Credit Agreement and $2,600,000 in cash
and cash equivalents.  The total borrowed at June 30, net of cash
on hand, was $25,100,000 lower than in May.  

Due to liquidity constraints, accounts receivable, inventories
and prepaid expenses decreased by $6,000,000, $21,100,000, and
$5,800,000, respectively.  In addition, accounts payable and
accrued liabilities decreased by $4,300,000.

                           About Wellman

Headquartered in Fort Mill, South Carolina, Wellman Inc. ([OTC]:
WMANQ.OB) -- http://www.wellmaninc.com/-- manufactures and              
markets packaging and engineering resins used in food and
beverage packaging, apparel, home furnishings and
automobiles.  They manufacture resins and polyester staple fiber
a three major production facilities.

The company and its debtor-affiliates filed for Chapter 11
protection on Feb. 22, 2008 (Bankr. S.D. N.Y. Case No.
08-10595).  Jonathan S. Henes, Esq., at Kirkland & Ellis, LLP,
in New York City, represents the Debtors.  Lazard Freres & Co.,
LLC, acts as the Debtors' financial advisors and investment
bankers.  Conway, Del Genio, Gries & Co., LLC, was also retained
as the Debtors' chief restructuring advisor.

The United States Trustee for Region 2 has appointed seven members
to the Official Committee of Unsecured Creditors.  Mark R.
Somerstein, Esq., at Ropes & Gray LLP, serves as the Committee's
bankruptcy counsel.  FTI Consulting, Inc., acts as the panel's
financial advisors.

Wellman Inc., in its bankruptcy petition, listed total assets
of $124,277,177 and total liabilities of $600,084,885, as of
Dec. 31, 2007, on a stand-alone basis.  Debtor-affiliate ALG,
Inc., listed assets between $500 million and $1 billion on a
stand-alone basis at the time of the bankruptcy filing.  
Debtor-affiliates Fiber Industries Inc., Prince Inc., and
Wellman of Mississippi Inc., listed assets between $100 million
and $500 million at the time of their bankruptcy filings.

On a consolidated basis, Wellman Inc., and its debtor-affiliates
listed $512,400,000 in total assets and $730,500,000 in
liabilities as of June 30, 2008.

Wellman filed a restructuring plan before the Bankruptcy Court on
June 25, 2008.

(Wellman Bankruptcy News, Issue No. 20; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000).


WELLMAN INC: Submits July 2008 Operating Report
-----------------------------------------------

                           Wellman, Inc.
               Condensed Consolidated Balance Sheet
                            (Unaudited)
                       As of July 31, 2008


Current assets:
Cash and cash equivalents                            $1,400,000
Accounts receivable                                 130,100,000
Inventories                                          73,700,000
Prepaid expenses and other current assets            27,400,000
Current assets held for sale                                  -
                                                   ------------
Total current assets                                232,600,000

Property, plant and equipment:
Land, buildings and improvements                     90,400,000
Machinery and equipment                             339,900,000
CIP                                                   4,600,000
                                                   ------------
                                                    434,900,000
Less accumulated depreciation                       198,600,000
                                                   ------------
Net property, plant and equipment                   236,300,000

Other assets                                         11,600,000
Noncurrent assets held for sale                               -
                                                   ------------
Total Assets                                       $480,500,000
                                                   ============

               LIABILITIES & STOCKHOLDERS' DEFICIT


Liabilities Not Subject to Compromise
Current Liabilities:
Accounts payable — trade                               $500,000
Accrued liabilities                                  23,800,000
Debtor in possession credit agreement               116,900,000
Other debt                                                    -
Current liabilities associated with assets
   held for sale                                              -
                                                   ------------
Total current liabilities                           141,200,000

Liabilities subject to compromise                   531,900,000
Long-term debt                                                -
Deferred income taxes and other noncurrent                     
   liabilities                                       37,800,000
Noncurrent liabilities associated with
   assets held for sale                                       -
                                                   ------------
Total Liabilities                                   710,900,000


Stockholders' Deficit:
Common stock                                                  —
Preferred stock                                     185,700,000
Paid-in capital                                     248,500,000
Common stock warrants                                 4,900,000
Accumulated other comprehensive loss                          —
Accumulated deficit                                (620,000,000)
Less common stock in treasury                       (49,500,000)
                                                   ------------
Total Stockholders Deficit                         (230,400,000)
                                                   ------------
                                                   $480,500,000
                                                   ============

                           Wellman, Inc.
              Consolidated Statements of Operations
                            (Unaudited)
                For the Month Ended July 31, 2008

Net Sales                                           $86,200,000
Cost of Sales                                        91,200,000
                                                   ------------
Gross Profit (Loss)                                  (5,000,000)

Selling, General and Administrative Expenses          2,400,000
Other (Income) Loss                                           0
                                                   ------------
Operating Income (Loss)                              (7,400,000)

Interest Expense, Net                                 1,200,000
                                                   ------------
Earnings (Loss) from continuing operations
   before reorganization items and income taxes      (8,600,000)

Reorganization Items, Net                             3,900,000
                                                   ------------
Earnings (loss) from continuing operations
   before income taxes                              (12,500,000)

Income tax expense (benefit)                                  0
                                                   ------------
Earnings (loss) from continuing operations          (12,500,000)

Earnings (loss) from discontinued operations,
   net of tax                                                 0
                                                   ------------
Net Earnings (Loss)                                ($12,500,000)
                                                   ============

                           Wellman, Inc.
                Simplified Statement of Cash Flows
                            (Unaudited)
                 For the Month Ended July 31, 2008

Cash flow from operating activities:
Net earnings (loss)                                ($12,500,000)

Adjustments to reconcile net earnings (loss) to
   net cash used in operating activities:

Loss from discontinued operations, net of tax                 0
Depreciation                                          1,000,000
Amortization                                          1,400,000
Amortization in interest expense                        600,000
Deferred taxes on income                                      0
Reorganization Items                                  3,900,000
Payment of reorganization items                      (2,000,000)
Gain on sale of assets                                        0

Changes in assets and liabilities:
Accounts receivable                                  20,900,000
Inventories                                           7,800,000
Prepaid expenses and other current assets              (500,000)
Other assets                                           (100,000)
Accounts payable and accrued liabilities                200,000
Other liabilities                                            (0)
Other                                                         0
                                                   ------------
Net cash provided (used) by operating activities     20,700,000

Cash flows from investing activities:
Additions to property, plant and equipment (net)       (200,000)
Proceeds from sale of assets                                  0
                                                   ------------
Net cash used by investing activities                  (200,000)

Cash flows from financing activities:
Borrowings (Repayments) of long-term debt           (21,700,000)
Dividends paid on common stock                                0
Debt and equity issuance costs                                0
                                                   ------------
Net cash provided (used) by financing activities    (21,700,000)

Discontinued Operations:
Operating activities                                          0
Investing activities                                          0
Financing activities                                          0
                                                   ------------
Net cash provided (used) by discontinued
   operations                                                 0

Increase (decrease) in cash and cash                 (1,200,000)

Cash and cash equivalents, beginning                  2,600,000
                                                   ------------
Cash and cash equivalents, end                       $1,400,000
                                                   ============

According to Wellman, the $5,500,000 decrease in gross profit --
from a profit of $500,000 in June to a loss of $5,000,000 in July
-- was primarily attributable to a decrease in the gross profit
of the chemical-based segment.

In July, the chemical-based segment's sales volumes decreased by
about 24,000,000 pounds due primarily to liquidity constraints.
Wellman recorded a lower of cost or market reserve of about
$3,000,000 in July due to raw material costs reaching the highest
levels of the year and then declining in early August.  The
remaining decrease in gross profit in July is principally due to
unabsorbed costs resulting from lower production, including the
shutdowns of certain fiber lines.  As a result, Wellman reported
an operating loss of $7,400,000 in July, compared to a $1,700,000
operating loss in June.  Interest expense was $1,200,000 in July
and $1,000,000 in June. Interest expense was calculated only on
the amount borrowed under Wellman's DIP Credit Agreement.

Reorganization costs, which consisted primarily of legal fees
related to the Chapter 11 filing, increased to $3,900,000 in
July, compared to $2,400,000 in June.  As a result, Wellman's net
loss was $12,500,000 in July, compared to $5,100,000 for June
2008.

Wellman's current assets decreased by about $31,000,000,
primarily as a result of lower accounts receivable and inventory,
all as a result of a plan to lower debt and maintain liquidity.
The balance sheet at July 31, 2008, reflected $116,900,000 in
borrowings under the DIP Facility.  This is $21,700,000 lower
than the comparable net amount in June.

Net cash flows from operations were $20,700,000, which is lower
than the $26,000,000 provided by operations in June, as a result
of a higher net loss.  This resulted in debt repayments of
$21,700,000 in July and $57,200,000 for June and July.  Wellman  
paid $2,000,000 and $2,700,000 in July and June, respectively,
for reorganization items.

                           About Wellman

Headquartered in Fort Mill, South Carolina, Wellman Inc. ([OTC]:
WMANQ.OB) -- http://www.wellmaninc.com/-- manufactures and              
markets packaging and engineering resins used in food and
beverage packaging, apparel, home furnishings and
automobiles.  They manufacture resins and polyester staple fiber
a three major production facilities.

The company and its debtor-affiliates filed for Chapter 11
protection on Feb. 22, 2008 (Bankr. S.D. N.Y. Case No.
08-10595).  Jonathan S. Henes, Esq., at Kirkland & Ellis, LLP,
in New York City, represents the Debtors.  Lazard Freres & Co.,
LLC, acts as the Debtors' financial advisors and investment
bankers.  Conway, Del Genio, Gries & Co., LLC, was also retained
as the Debtors' chief restructuring advisor.

The United States Trustee for Region 2 has appointed seven members
to the Official Committee of Unsecured Creditors.  Mark R.
Somerstein, Esq., at Ropes & Gray LLP, serves as the Committee's
bankruptcy counsel.  FTI Consulting, Inc., acts as the panel's
financial advisors.

Wellman Inc., in its bankruptcy petition, listed total assets
of $124,277,177 and total liabilities of $600,084,885, as of
Dec. 31, 2007, on a stand-alone basis.  Debtor-affiliate ALG,
Inc., listed assets between $500 million and $1 billion on a
stand-alone basis at the time of the bankruptcy filing.  
Debtor-affiliates Fiber Industries Inc., Prince Inc., and
Wellman of Mississippi Inc., listed assets between $100 million
and $500 million at the time of their bankruptcy filings.

On a consolidated basis, Wellman Inc., and its debtor-affiliates
listed $512,400,000 in total assets and $730,500,000 in
liabilities as of June 30, 2008.

Wellman filed a restructuring plan before the Bankruptcy Court on
June 25, 2008.

(Wellman Bankruptcy News, Issue No. 21; 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
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

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

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

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

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

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

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

                             *********

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

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

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

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

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

                    *** End of Transmission ***