TCR_Public/080913.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, September 13, 2008, Vol. 12, No. 219

                             Headlines

AMERICAN HOME: Great Oak's June 2008 Monthly Operating Report
AMERICAN HOME: AHMAI'S June 2008 Monthly Operating Report
AMERICAN HOME: AMHV's June 2008 Monthly Operating Report
AMERICAN HOME: Homegate's June 2008 Monthly Operating Report
ASARCO LLC: Amends Schedule F of Schedules of Assets & Debts

BHM TECH: Files Operating Report for Month Ended July 26, 2008
BHM TECH: Heckethorn Holdings Inc.'s Schedules of Assets & Debts
BHM TECH: Midwest Stamping Inc.'s Schedules of Assets & Debts
BHM TECH: Morton Welding Files Schedules of Assets and Debts
BUFFETS HOLDINGS: Buffets Inc.'s Schedules of Assets & Liabilities

BUFFETS HOLDINGS: Fire's Schedules of Assets & Liabilities
BUFFETS HOLDINGS: Hometown's Schedules of Assets & Liabilities
BUFFETS HOLDINGS: OCB's Schedules of Assets & Liabilities
BUFFETS HOLDINGS: Ryan's Schedules of Assets & Liabilities
FEDERAL-MOGUL: Federal-Mogul Global's April 2008 Operating Report

FEDERAL-MOGUL: Federal-Mogul Global's May 2008 Operating Report
FEDERAL-MOGUL: Federal-Mogul Global's June 2008 Operating Report
FEDERAL-MOGUL: Federal-Mogul Global's July 2008 Operating Report
FORTUNOFF: Files July 2008 Monthly Operating Report
FRONTIER AIRLINES: Lynx Files Schedules of Assets and Liabilities

GREEKTOWN CASINO: Holdings LLC's June 2008 Operating Report
GREEKTOWN CASINO: Holdings LLC's July 2008 Operating Report
INTERSTATE BAKERIES: Monthly Operating Report Ended July 26, 2008
LANDSOURCE COMMUNITIES: Files Assets and Debts Schedules
LANDSOURCE COMMUNITIES: Newhall Land Files Schedules

LANDSOURCE COMMUNITIES: LandSource Holding Files Schedules
LANDSOURCE COMMUNITIES: Lennar Washington Files Schedules
LANDSOURCE COMMUNITIES: Lennar Mare Files Schedules
LEVITT & SONS: Files Operating Report for July 2008
MERVYN'S LLC: Submits Initial Monthly Operating Report

PROGRESSIVE MOLDED: Submits Schedules of Assets and Debts
PROGRESSIVE MOLDED: Progressive Marketing Submits Schedules
PROPEX INC: Amends Schedules of Assets and Liabilities
PROPEX INC: Reflects Porous Materials Trade Claim in Schedules
PROPEX INC: Posts $16.1 Million Net Loss in Month Ended August 3

S & A RESTAURANT: Amends Schedules of Assets and Liabilities
SEA CONTAINERS: Submits July 2008 Monthly Operating Report
SEMGROUP LP: Files Initial Monthly Operating Report
TOUSA INC: Delivers July 2008 Monthly Operating Report
TOUSA INC: Beacon Hill Files Schedules of Assets and Debts

TROPICANA ENTERTAINMENT: Files July 2008 Monthly Operating Report
VERTIS HOLDINGS: Submits July 2008 Monthly Operating Report
VERTIS HOLDINGS: ACG Holdings' July 2008 Monthly Operating Report
WICKES HOLDINGS: Files June 2008 Monthly Operating Report

                             *********

AMERICAN HOME: Great Oak's June 2008 Monthly Operating Report
-------------------------------------------------------------

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

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

Liabilities and Stockholders' Equity

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

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

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


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


AMERICAN HOME: AHMAI'S June 2008 Monthly Operating Report
---------------------------------------------------------

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

Assets:
   Cash and cash equivalents                            $255,315
   Restricted cash                                             -
   Accounts receivable                                   720,845
   Intercompany receivable                           517,059,825
   Mortgage loans                                    120,030,529
   Mortgage servicing rights                                   -
   Other real estate, net                              4,305,817
   Investment in subsidiaries                        (25,682,868)
   Other assets                                                -
                                                    ------------
      Total Assets                                  $616,689,463
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Warehouse lines of credit                     $140,005,153
      Accrued expenses & other liabilities             1,100,879
      Intercompany payable                           658,132,967
                                                    ------------
         Total Liabilities                           799,238,999

   Stockholders' Equity
      Additional paid-in capital                      40,298,920
      Retained earnings                             (222,848,456)
      Other comprehensive loss                                 -
                                                    ------------
         Total Stockholders' Equity                 (182,549,536)
                                                    ------------
Total Liabilities & Stockholders' Equity            $616,689,463
                                                    ============

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

Net Interest Income:
   Interest income                                      $595,729
   Interest expense                                            -
                                                    ------------
      Net interest income                                595,729

   Provision for loan losses                                   -
                                                    ------------
      Net interest income after provision                595,729
        for loan losses

Non-Interest Income:
   Gain (Loss) on mortgage loans                         (53,665)
   Gain on securities & derivatives                            -
   Loan servicing fees                                         -
   Changes in fair value of MSR                                -
   Income [Loss] from subsidiaries                        (4,194)
                                                    ------------
      Non-interest income                                (57,859)

Expenses
   Salaries, commissions & benefits, net                  97,489
   Office supplies and expenses                                -
   Marketing and promotion                                     -
   Professional fees                                         500
   Other real estate operating (income) expense            7,875
   Other                                                       -
                                                    ------------
      Total expenses                                     105,864

(Loss) Income before income taxes                        432,006
Income taxes                                                   -
                                                    ------------
Net income                                              $432,006
                                                    ============

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

Cash - Beginning of Month, 06/01/2008                   $618,809

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                              -
   Loans and advances                                    436,516
   Administrative                                              -
   Net payroll                                                 -
   Other                                                       -
   Transfers (from DIP accounts)                               -
                                                    ------------
      Total Receipts                                     436,516

Disbursements:
   Net payroll                                                 -
   Payroll taxes                                               -
   Sales, use & other taxes                                    -
   Loans and advances                                          -
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                              -
   Selling                                                     -
   Other                                                 800,008
   Transfers (from DIP accounts)                               -
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                    ------------
      Total Disbursements                                800,008
                                                    ------------
      Net Cash Flow                                     (363,492)
                                                    ------------
Cash - End of Month - 06/30/08                          $255,317
                                                    ============

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


AMERICAN HOME: AMHV's June 2008 Monthly Operating Report
--------------------------------------------------------

              American Home Mortgage Ventures, LLC
                Statement of Financial Condition
                       As of June 30, 2008
Assets:
   Cash and cash equivalents                            $613,049
   Intercompany receivable                                     -
   Premises and equipment, net                             2,200
   Other assets                                              568
                                                    ------------
      Total Assets                                      $615,817
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Accrued expenses & other liabilities                     -
      Intercompany payable                               157,332
                                                    ------------
         Total Liabilities                               157,332

   Stockholders' Equity
      Additional paid-in capital                         395,500
      Retained earnings                                   62,985
      Other comprehensive loss                                 -
                                                    ------------
         Total Stockholders' Equity                      458,485
                                                    ------------
Total Liabilities & Stockholders' Equity                $615,817
                                                    ============

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


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


AMERICAN HOME: Homegate's June 2008 Monthly Operating Report
------------------------------------------------------------

               Homegate Settlement Services, Inc.
                Statement of Financial Condition
                       As of June 30, 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                             9,031,932
      Income taxes payable                                   100
                                                    ------------
         Total Liabilities                            11,584,921

   Stockholders' Equity
      Additional paid-in capital                         250,000
      Retained earnings                              (11,391,547)
      Other comprehensive loss                                 -
                                                    ------------
         Total Stockholders' Equity                  (11,141,547)
                                                    ------------
Total Liabilities & Stockholders' Equity                $443,374
                                                    ============

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

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

Professional fees                                              -
Other                                                        925
                                                    ------------
      Total Expenses                                         925
                                                    ------------
Income (Loss) before income taxes                           (925)
Income taxes                                                   -
                                                    ------------
Net loss                                                   ($925)
                                                    ============

Homegate Settlement Services, Inc., also discloses that its cash
as of June 1, 2008, was $209,659.  Since Homegate Settlement had
no transaction for the whole month, its cash at the end of June
is still $209,659.

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


ASARCO LLC: Amends Schedule F of Schedules of Assets & Debts
-------------------------------------------------------------
ASARCO LLC further amends Schedule F of its Schedules of Assets
and Liabilities to include additional potential holders of
asbestos-related claims, a list of which is available for free
at http://bankrupt.com/misc/asarco_asbestosclaimants.pdf

The Additional Claimants have until November 2, 2008, to file
Asbestos-Related Claims.


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.  Sander L.
Esserman, Esq., at Stutzman, Bromberg, Esserman & Plifka, APC, in
Dallas, Texas, represents the Official Committee of Unsecured
Creditors for the Asbestos Debtors.  Former judge Robert C. Pate
has been appointed as the future claims representative.  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).

Six of ASARCO's affiliates, Wyoming Mining & Milling Co., Alta
Mining & Development Co., Tulipan Co., Inc., Blackhawk Mining &
Development Co., Ltd., Peru Mining Exploration & Development Co.,
and Green Hill Cleveland Mining Co. filed for Chapter 11
protection on April 21, 2008.  (Bank. S.D. Tex. Case No. 08-20197
to 08-20202).

The Debtors submitted to the Court a joint plan of reorganization
and disclosure statement on July 31, 2008.  The plan incorporates
the sale of substantially all of the Debtors' assets to Sterlite
Industries, Ltd., for $2,600,000,000.

Americas Mining Corporation, an affiliate of Grupo Mexico SAB de
CV, submitted a reorganization plan to retain its equity interest
in ASARCO LLC, by offering full payment to ASARCO's creditors in
connection with ASARCO's Chapter 11 case.  AMC would provide up to
$2.7 billion in cash as well as a $440 million guarantee to assure
payment of all allowed creditor claims, including payment of
liabilities relating to asbestos and environmental claims.  AMC's  
plan is premised on the estimation of the approximate allowed
amount of the claims against ASARCO.

Asarco Inc. and AMC are represented by Luc A. Despins, Esq., at
Milbank, Tweed, Hadley & McCloy LLP, in New York.

(ASARCO Bankruptcy News Issue No. 83; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


BHM TECH: Files Operating Report for Month Ended July 26, 2008
--------------------------------------------------------------

                         BHM TECHNOLOGIES
                      Unaudited BALANCE SHEET
                          July 26, 2008

                              ASSETS

Cash & Equivalents                                  $14,073,000
Accounts Receivable                                  55,431,000
Tooling Accounts Receivable & Inventory              24,149,000
Inventory                                            25,080,000
Other Current Assets                                 13,680,000
                                                   ------------
Total Current Assets                                132,413,000

Plant, Property & Equipment                         129,500,000
Less Accumulated Depreciation                       (35,004,000)
                                                   ------------
Net Plant, Property & Equipment                      94,496,000

Other Assets                                        178,664,000
Less Accumulated Amortization                       (17,308,000)
                                                   ------------
Other Assets, Net                                   161,356,000
                                                  
Total Assets                                       $388,265,000
                                                   ============

                LIABILITIES & SHAREHOLDERS' EQUITY

Trade Accounts Payable excluding Tooling            $50,525,000
Tooling Accounts Payable                             20,253,000
Accrued Liabilities                                   9,202,000
Bank Revolver                                        24,700,000
Current Portion Long Term Debt                       17,093,000
                                                   ------------
Total Current Liabilities                           121,773,000

Long Term Debt                                      299,835,000
Other Long Term Liabilities                          51,038,000
                                                   ------------
Total Long Term Liabilities                         350,873,000
Shareholders' Equity                                (84,381,000)
                                                   ------------
Total Liabilities & Shareholders' Equity           $388,265,000
                                                   ============

                         BHM TECHNOLOGIES
                   Unaudited Statement of Income
                    Period Ending July 26, 2008
     
Sales                                               $20,095,000
  Material                                           10,290,000
                                                   ------------
  Material margin                                     9,805,000

Hourly Labor                                          5,331,000
Overhead and Other                                    4,726,000
Depreciation                                          1,432,000
                                                   ------------
Total COS                                            21,779,000
                                                   ------------
Gross Profit                                         (1,683,000)
                                                   ------------

S, G & A Expenses                                     1,660,000
Amortization/Other                                    3,287,000
Other (Inc) Exp                                         129,000
EBIT                                                      0,000
Interest                                                129,000
Taxes                                                (2,008,000)
                                                   ------------
Net Income                                          ($4,880,000)
                                                   ============

                       BHM TECHNOLOGIES
                    Monthly Cash Statement
                    Cash Activity Analysis
                 Period Ending July 26, 2008

A. Beginning Balance                                $14,190,187
B. Receipts                                          28,404,015
C. Balance Available (A+B)                           42,594,202
                                                    -----------
D. Less Disbursements                                28,314,443
E. Ending Balance                                    14,279,759
                                                    ===========

Disbursements by Debtor during the period:

    BHM Technologies Holdings, LLC                           0
    BHM Technologies, LLC                                    0
    The Brown Company International, LLC                     0
    The Brown Corporation of America                $3,040,740
    The Brown Company of Waverly, LLC                3,128,514
    The Brown Company of Ionia, LLC                  2,251,035
    The Brown Corporation of Greenville, Inc.          570,177
    The Brown Company of Moberly, LLC                4,461,583
    The Brown Realty Company, LLC                            0
    Heckethorn Holdings, Inc.                                0
    Heckethorn Manufacturing Co., Inc.               3,419,471
    Midwest Stamping & Manufacturing Co.                     0
    Midwest Stamping, Inc.                           4,453,879
    Morton Welding Holdings, Inc.                            0
    Morton Welding Co., Inc.                         6,989,044
                                                   -----------
          TOTAL                                    $28,314,443
                                                   ===========

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

BHM Technologies Holdings, Inc. and 14 affiliates filed separate
voluntary petitions under Chapter 11 on May 19, 2008 (Bankr.
W.D. Mich. Lead Case No. 08-04413).  Hannah Mufson McCollum,
Esq., Kay Standridge Kress, Esq., Robert S. Hertzberg, Esq., and
Leon R. Barson, Esq. of Pepper Hamilton LLP, represent the
Debtors in their restructuring efforts.  The Debtors total  
scheduled asset is $0 and its total scheduled liabilities is  
$336,506,519.

The Debtors have until Sept. 16, 2008, to exclusively file their
bankruptcy plan.

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


BHM TECH: Heckethorn Holdings Inc.'s Schedules of Assets & Debts
----------------------------------------------------------------
Heckethorn Holdings Inc., debtor-affiliate of BHM Technologies
Holdings Inc., filed its schedules of assets and debts, disclosing:

A.     Real Property                                          $0

B.     Personal Property
B.13   Business Interests and stocks  
         http://bankrupt.com/misc/BHM_Subsidiaries.pdf
      
       TOTAL SCHEDULED ASSETS                                 $0
       =========================================================

C.     Property Claimed as Exempt                           None

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

E.     Unsecured Priority Claims
         Internal Revenue Service -
           Federal Income Tax                                  0

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

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

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

BHM Technologies Holdings, Inc. and 14 affiliates filed separate
voluntary petitions under Chapter 11 on May 19, 2008 (Bankr.
W.D. Mich. Lead Case No. 08-04413).  Hannah Mufson McCollum,
Esq., Kay Standridge Kress, Esq., Robert S. Hertzberg, Esq., and
Leon R. Barson, Esq. of Pepper Hamilton LLP, represent the
Debtors in their restructuring efforts.  The Debtors total  
scheduled asset is $0 and its total scheduled liabilities is  
$336,506,519.

The Debtors have until Sept. 16, 2008, to exclusively file their
bankruptcy plan.

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


BHM TECH: Midwest Stamping Inc.'s Schedules of Assets & Debts
-------------------------------------------------------------
Midwest Stamping Inc., debtor-affiliate of BHM Technologies
Holdings Inc., filed its schedules of assets and debts, disclosing:

A.     Real Property
         Property, OH                                 $2,587,250
         Property, SC                                  1,907,500

B.     Personal Property
B.1    Cash on hand                                        1,108
B.2    Bank Accounts
         Controlled Disbursement -
           Account No. 708129838                          14,007
         Payroll checking -
           Account No. 708116223                               0
         ZBA -
           Account No. 708116181                               0
B.3    Security Deposits                               
         1 Month Lease Deposit -
           Building (April '99)                            6,433
         1 Month Lease Deposit -
           Floor Scrubber (April '05)                      1,703
B.13   Business Interests and stocks  
         http://bankrupt.com/misc/BHM_Subsidiaries.pdf
B.16   Accounts Receivable                            16,288,710
B.18   Other Liquidated Debts
        Franchise Tax owed by State of Ohio               78,000
        Franchise Tax owed by State of South Carolina        569
B.22   Patents
         Automobile Door Striker Assembly - US      Undetermined
         Automobile Door Striker Assembly - Canada  Undetermined
         Automobile Door Striker Assembly - Spain   Undetermined
B.23   Licenses, franchises and other intangibles
         Technical Assistance Agreement             Undetermined
B.25   Vehicles                                       
         Semi Truck - Edgerton                             1,812
         Semi Truck - Sumter                               5,750
         Vehicle < 50% business use                       10,395
         Vehicle > 50% business use                        8,129
         Vehicle > 50% business use                        9,896
         Vehicle > 50% business use                       27,844
B.28   Office equipment, furnishings and supplies   
         Furniture & Fixtures - Sumter                     8,471
         Furniture & Fixtures - Maumee Corp                2,880
         Tech-Communications - Edgerton                    6,653
         Tech-Communications - Maumee Corp                 5,756
         Technical Other - Edgerton                        7,544
         Technical Other - Sumter                            137
         Technical Computers - Edgerton                      600
         Technical Computers - Maumee Corp                 6,625
         Technical Software - Edgerton                     5,315
         Technical Software - Sumter                       2,773
         Technical Software - Maumee Corp                 31,359
B.29   Machinery
12,787,791         
            See http://researcharchives.com/t/s?31d6
B.30   Inventory                                    
          Inventory Finished Goods                     2,409,294
          Inventory Raw Materials                      1,921,923
          Inventory WIP                                1,439,171
B.35    Other Personal Property
          Employee Advances                               12,525
          Misc Deposits                                    8,136
          PPD - D210/258 Tooling                         173,433
          Prepaid Insurance - Liability                    1,492

       TOTAL SCHEDULED ASSETS                        $39,780,985
       =========================================================

C.      Property Claimed as Exempt                          None

D.      Secured Claim                               Undetermined
          See http://researcharchives.com/t/s?31d7

E.      Unsecured Priority Claims                   Undetermined
          See http://researcharchives.com/t/s?31d8

F.      Unsecured Non-priority Claims
          SAC Domestic Investments, LP -
            Second Lien Deed of Trust                $72,112,539
          Trade Claims                                12,350,978
            See http://researcharchives.com/t/s?31d9

       TOTAL SCHEDULED LIABILITIES                   $84,463,517
       =========================================================

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

BHM Technologies Holdings, Inc. and 14 affiliates filed separate
voluntary petitions under Chapter 11 on May 19, 2008 (Bankr.
W.D. Mich. Lead Case No. 08-04413).  Hannah Mufson McCollum,
Esq., Kay Standridge Kress, Esq., Robert S. Hertzberg, Esq., and
Leon R. Barson, Esq. of Pepper Hamilton LLP, represent the
Debtors in their restructuring efforts.  The Debtors total  
scheduled asset is $0 and its total scheduled liabilities is  
$336,506,519.

The Debtors have until Sept. 16, 2008, to exclusively file their
bankruptcy plan.

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


BHM TECH: Morton Welding Files Schedules of Assets and Debts
------------------------------------------------------------
Morton Welding Holdings, debtor-affiliate of BHM Technologies
Holdings Inc., filed its schedules of assets and debts,
disclosing:

A.     Real Property                                          $0

B.     Personal Property
B.13   Business Interests and stocks  
         http://bankrupt.com/misc/BHM_Subsidiaries.pdf

       TOTAL SCHEDULED ASSETS                                 $0
       =========================================================

C.     Property Claimed as Exempt                           None

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

E.     Unsecured Priority Claims
         Internal Revenue Service -
           Federal Income Tax                       Undetermined

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

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

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

BHM Technologies Holdings, Inc. and 14 affiliates filed separate
voluntary petitions under Chapter 11 on May 19, 2008 (Bankr.
W.D. Mich. Lead Case No. 08-04413).  Hannah Mufson McCollum,
Esq., Kay Standridge Kress, Esq., Robert S. Hertzberg, Esq., and
Leon R. Barson, Esq. of Pepper Hamilton LLP, represent the
Debtors in their restructuring efforts.  The Debtors total  
scheduled asset is $0 and its total scheduled liabilities is  
$336,506,519.

The Debtors have until Sept. 16, 2008, to exclusively file their
bankruptcy plan.

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


BUFFETS HOLDINGS: Buffets Inc.'s Schedules of Assets & Liabilities
------------------------------------------------------------------
Buffets, Inc. supplements its list of creditors holding unsecured
non-priority claims -- Schedule F.  
    
Pauline K. Morgan, Esq., at Young Conaway Stargatt & Taylor, LLP
in Wilmington, Delaware, states that six parties which were
omitted from Buffet, Inc.'s Schedule F are now being scheduled as
potential holders of claims against the Debtor.  A full-text copy
of Buffets, Inc.'s amended Schedule F is available for free at:

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

Ms. Morgan points out that pursuant to Rule 1009-2 of the Local
Rules of the U.S. Bankruptcy Court for the District of Delaware,
the Potential Creditors had until August 24, 2008, to file a
claim.

                     About Buffets Holdings

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

The company and all of its subsidiaries filed Chapter 11
protection on Jan. 22, 2008 (Bankr. D. Del. Case Nos. 08-10141 to
08-10158).  Joseph M. Barry, Esq., M. Blake Cleary, Esq., and
Pauline K. Morgan, Esq., at Young Conaway Stargatt & Taylor LLP,
represent the Debtors in their restructuring efforts.  The Debtors
selected Epiq Bankruptcy Solutions LLC as claims and balloting
agent.  The U.S Trustee for Region 3 appointed seven creditors to
serve on an Official Committee of Unsecured Creditors.  The
Committee selected Otterbourg Steindler Houston & Rosen PC and
Pachulski Stang Ziehl Young &Jones as counsels.  The Debtors'
balance sheet as of Sept. 19, 2007, showed total assets of
$963,538,000 and total liabilities of $1,156,262,000.

As reported in the Troubled Company Reporter on Feb. 26, 2008,
the Court granted on February 22, 2008, final approval of the
Debtors' debtor-in-possession credit facility, consisting of $85
million of new funding and $200 million carried over from the
company's prepetition credit facility. (Buffets Holdings
Bankruptcy News, Issue No. 20; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).  


BUFFETS HOLDINGS: Fire's Schedules of Assets & Liabilities
----------------------------------------------------------
Fire Mountain Restaurants, LLC amends its Schedules of Assets and
Liabilities to supplement its (i) list of creditors holding
unsecured priority claims -- Schedule E, and (ii) list  of
creditors holding unsecured non-priority claims -- Schedule F.

A. Schedule E

   Potential  Creditors                         Claim Amount
   --------------------                         ------------
   Dana Collins                       Disputed, Unliquidated
   Jason Williams                     Disputed, Unliquidated

B. Schedule F

   Potential  Creditors                         Claim Amount
   --------------------                         ------------
   Cynthia Schagene                   Disputed, Unliquidated
   Juanetta Mitchell                  Disputed, Unliquidated
   Pamela D. Murphy                   Disputed, Unliquidated
   Sharon E. Jaye                     Disputed, Unliquidated
   Yohone Hendrix                     Disputed, Unliquidated

Pauline K. Morgan, Esq., at Young Conaway Stargatt & Taylor, LLP
in Wilmington, Delaware, informs the Court that Schedules E and F
are amended to reflect the parties which were omitted from Fire
Mountain's Schedules and are now being scheduled as potential
holders of claims against Fire Mountain.  

Ms. Morgan explains pursuant to Rule 1009-2 of the Local Rules of
the U.S. Bankruptcy Court for the District of Delaware, the
parties listed in Schedule F had until August 24, 2008, to file a
claim.

                     About Buffets Holdings

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

The company and all of its subsidiaries filed Chapter 11
protection on Jan. 22, 2008 (Bankr. D. Del. Case Nos. 08-10141 to
08-10158).  Joseph M. Barry, Esq., M. Blake Cleary, Esq., and
Pauline K. Morgan, Esq., at Young Conaway Stargatt & Taylor LLP,
represent the Debtors in their restructuring efforts.  The Debtors
selected Epiq Bankruptcy Solutions LLC as claims and balloting
agent.  The U.S Trustee for Region 3 appointed seven creditors to
serve on an Official Committee of Unsecured Creditors.  The
Committee selected Otterbourg Steindler Houston & Rosen PC and
Pachulski Stang Ziehl Young &Jones as counsels.  The Debtors'
balance sheet as of Sept. 19, 2007, showed total assets of
$963,538,000 and total liabilities of $1,156,262,000.

As reported in the Troubled Company Reporter on Feb. 26, 2008,
the Court granted on February 22, 2008, final approval of the
Debtors' debtor-in-possession credit facility, consisting of $85
million of new funding and $200 million carried over from the
company's prepetition credit facility. (Buffets Holdings
Bankruptcy News, Issue No. 20; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


BUFFETS HOLDINGS: Hometown's Schedules of Assets & Liabilities
--------------------------------------------------------------
Hometown Buffet, Inc. supplements its list of creditors holding
unsecured non-priority claims -- Schedule F.  
    
Pauline K. Morgan, Esq., at Young Conaway Stargatt & Taylor, LLP
in Wilmington, Delaware, states that four parties which were
omitted from Buffet Hometown's Schedule F are now being scheduled
as potential holders of claims against the Debtor:

   Potential Creditors                         Claim Amount
   -------------------                         ------------
   Nicolette Washington              Disputed, Unliquidated
   Stephanie Lynn Mitchell           Disputed, Unliquidated
   Tracy Jackson                     Disputed, Unliquidated
   Ernesto Rodriguez                 Disputed, Unliquidated

Ms. Morgan points out that pursuant to Rule 1009-2 of the Local
Rules of the U.S. Bankruptcy Court for the District of Delaware,
the Potential Creditors had until August 24, 2008, to file a
claim.

                     About Buffets Holdings

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

The company and all of its subsidiaries filed Chapter 11
protection on Jan. 22, 2008 (Bankr. D. Del. Case Nos. 08-10141 to
08-10158).  Joseph M. Barry, Esq., M. Blake Cleary, Esq., and
Pauline K. Morgan, Esq., at Young Conaway Stargatt & Taylor LLP,
represent the Debtors in their restructuring efforts.  The Debtors
selected Epiq Bankruptcy Solutions LLC as claims and balloting
agent.  The U.S Trustee for Region 3 appointed seven creditors to
serve on an Official Committee of Unsecured Creditors.  The
Committee selected Otterbourg Steindler Houston & Rosen PC and
Pachulski Stang Ziehl Young &Jones as counsels.  The Debtors'
balance sheet as of Sept. 19, 2007, showed total assets of
$963,538,000 and total liabilities of $1,156,262,000.

As reported in the Troubled Company Reporter on Feb. 26, 2008,
the Court granted on February 22, 2008, final approval of the
Debtors' debtor-in-possession credit facility, consisting of $85
million of new funding and $200 million carried over from the
company's prepetition credit facility. (Buffets Holdings
Bankruptcy News, Issue No. 20; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


BUFFETS HOLDINGS: OCB's Schedules of Assets & Liabilities
---------------------------------------------------------
OCB Restaurants, Co. amends its Schedules of Assets and
Liabilities to supplement its (i) list of creditors holding
unsecured priority claims -- Schedule E, and (ii) list  of
creditors holding unsecured non-priority claims -- Schedule F.

A. Schedule E

   Potential  Creditors                         Claim Amount
   --------------------                         ------------
   Cathi Gilly                        Disputed, Unliquidated
   Jason Williams                     Disputed, Unliquidated

B. Schedule F

   Potential  Creditors                         Claim Amount
   --------------------                         ------------
   Carol Blacknall                    Disputed, Unliquidated
   Jorge Luna                         Disputed, Unliquidated
   Audelia Hernandez                  Disputed, Unliquidated
   Marie Isabelle Valle               Disputed, Unliquidated
   Mattie Willingham                  Disputed, Unliquidated
   Maria Arteaga                      Disputed, Unliquidated
   New Jersey Dep't. of Labor         Disputed, Unliquidated

Pauline K. Morgan, Esq., at Young Conaway Stargatt & Taylor, LLP
in Wilmington, Delaware, informs the Court that Schedules E and F
are amended to reflect the parties which were omitted from Fire
Mountain's Schedules and are now being scheduled as potential
holders of claims against Fire Mountain.  

Ms. Morgan explains pursuant to Rule 1009-2 of the Local Rules of
the U.S. Bankruptcy Court for the District of Delaware, the
parties listed in Schedule F had until August 24, 2008, to file a
claim.

                      About Buffets Holdings

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

The company and all of its subsidiaries filed Chapter 11
protection on Jan. 22, 2008 (Bankr. D. Del. Case Nos. 08-10141 to
08-10158).  Joseph M. Barry, Esq., M. Blake Cleary, Esq., and
Pauline K. Morgan, Esq., at Young Conaway Stargatt & Taylor LLP,
represent the Debtors in their restructuring efforts.  The Debtors
selected Epiq Bankruptcy Solutions LLC as claims and balloting
agent.  The U.S Trustee for Region 3 appointed seven creditors to
serve on an Official Committee of Unsecured Creditors.  The
Committee selected Otterbourg Steindler Houston & Rosen PC and
Pachulski Stang Ziehl Young &Jones as counsels.  The Debtors'
balance sheet as of Sept. 19, 2007, showed total assets of
$963,538,000 and total liabilities of $1,156,262,000.

As reported in the Troubled Company Reporter on Feb. 26, 2008,
the Court granted on February 22, 2008, final approval of the
Debtors' debtor-in-possession credit facility, consisting of $85
million of new funding and $200 million carried over from the
company's prepetition credit facility. (Buffets Holdings
Bankruptcy News, Issue No. 20; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


BUFFETS HOLDINGS: Ryan's Schedules of Assets & Liabilities
----------------------------------------------------------
Ryan's Restaurant Group, Inc. amends its Schedules of Assets and
Liabilities to add the Texas Department of Licensing and
Regulation to its Schedule F -- creditors holding unsecured non-
priority claims.
    
Pauline K. Morgan, Esq., at Young Conaway Stargatt & Taylor, LLP
in Wilmington, Delaware, informs the Court that the Department is
now being scheduled as a potential holder of claims against
Ryan's.  

Ms. Morgan states that pursuant to Rule 1009-2 of the Local Rules
of the U.S. Bankruptcy Court for the District of Delaware, the
Department had until August 24, 2008, to file a claim.

                     About Buffets Holdings

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

The company and all of its subsidiaries filed Chapter 11
protection on Jan. 22, 2008 (Bankr. D. Del. Case Nos. 08-10141 to
08-10158).  Joseph M. Barry, Esq., M. Blake Cleary, Esq., and
Pauline K. Morgan, Esq., at Young Conaway Stargatt & Taylor LLP,
represent the Debtors in their restructuring efforts.  The Debtors
selected Epiq Bankruptcy Solutions LLC as claims and balloting
agent.  The U.S Trustee for Region 3 appointed seven creditors to
serve on an Official Committee of Unsecured Creditors.  The
Committee selected Otterbourg Steindler Houston & Rosen PC and
Pachulski Stang Ziehl Young &Jones as counsels.  The Debtors'
balance sheet as of Sept. 19, 2007, showed total assets of
$963,538,000 and total liabilities of $1,156,262,000.

As reported in the Troubled Company Reporter on Feb. 26, 2008,
the Court granted on February 22, 2008, final approval of the
Debtors' debtor-in-possession credit facility, consisting of $85
million of new funding and $200 million carried over from the
company's prepetition credit facility. (Buffets Holdings
Bankruptcy News, Issue No. 20; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


FEDERAL-MOGUL: Federal-Mogul Global's April 2008 Operating Report
-----------------------------------------------------------------

                Federal-Mogul Global, Inc., et al.
                    Unaudited Balance Sheet
                      As of April 30, 2008
                          (In millions)

                             Assets

Cash and equivalents                                   $504.8
Accounts receivable                                     659.6
Inventories                                            4,69.7
Deferred taxes                                          236.5
Prepaid expenses and other current assets                62.0
                                                     --------
Total current assets                                   1932.6

Summary of Unpaid Postpetition Debits                    40.0
Intercompany Loans Receivable (Payable)                   9.7
                                                     --------
Intercompany Balances                                    49.7

Property, plant and equipment                           699.0
Goodwill                                                    -
Other intangible assets                                   0.9
Insurance recoverable                                       -
Other non-current assets                                370.1
                                                     --------
Total Assets                                         $3,052.2
                                                     ========

              Liabilities and Shareholders' Equity

Short-term debt                                             -
Accounts payable                                       $237.9
Accrued compensation                                     56.8
Restructuring and rationalization reserves                6.6
Current portion of asbestos liability                       -
Interest payable                                         10.6
Other accrued liabilities                               242.3
                                                     --------
Total current liabilities                               554.1

Long-term debt                                        2,797.0
Post-employment benefits                                570.0
Other accrued liabilities                               767.1
Liabilities subject to compromise                        (0.1)

Shareholders' equity:
   Preferred stock                                    1,023.2
   Common stock                                         120.5
   Additional paid-in capital                         7,933.7
   Accumulated deficit                              (10,953.1)
   Accumulated other comprehensive income               240.0
   Other                                                    -
                                                     --------
Total Shareholders' Equity                           (1,635.8)
                                                     --------
Total Liabilities and Shareholders' Equity           $3,052.2
                                                     ========

                  Federal-Mogul Global, Inc., et al.
                  Unaudited Statement of Operations
                  For the Month Ended April 30, 2008
                           (In millions)

Net sales                                              $275.8
Cost of products sold                                   224.6
                                                     --------
Gross margin                                             51.3

Selling, general & administrative expenses              (37.6)
Amortization                                              0.4
Reorganization items                                     (2.0)
Fresh Start Accounting expense                        2,869.6
Interest income (expense), net                          (12.4)
Other income (expense), net                            (153.8)
                                                     --------
Earnings before Income Taxes                          2,715.4

Income Tax (Expense) Benefit                             (0.3)
                                                     --------
Earnings before cumulative effect of change
   in accounting principle                            2,715.1

Cumulative effect of change in acctg. principle             -
                                                     --------
Net Earnings (loss)                                  $2,715.1
                                                     ========

                  Federal-Mogul Global, Inc., et al.
                  Unaudited Statement of Cash Flows
                  For the Month Ended April 30, 2008
                             (In millions)

Cash Provided From (Used By) Operating Activities:
   Net earning (loss)                                $2,715.1
Adjustments to reconcile net earnings (loss) to net cash:
   Depreciation and amortization                         10.3
   Adjustment of assets held for sale and  
      other long-lived assets to fair value                 -
   Asbestos charge                                          -
   Summary of unpaid postpetition debits                    -
   Cumulative effect of change in acctg. principle          -
   Change in post-employment benefits                    (1.3)
   Decrease (increase) in accounts receivable           (35.9)
   Decrease (increase) in inventories                     2.2
   Increase (decrease) in accounts payable             (200.8)
   Change in other assets & other liabilities           177.0
   Change in restructuring charge                        (0.3)
   Refunds (payments) against asbestos liability       (573.9)
                                                     --------
Net Cash Provided From Operating Activities           2,092.4

Cash Provided From (Used By) Investing Activities:
   Expenditures for property, plant & equipment          (8.7)
   Proceeds from sale of property, plant & equipment        -
   Proceeds from sale of businesses                         -
   Business acquisitions, net of cash acquired              -
   Other                                                    -
                                                     --------
Net Cash Provided From (Used By) Investing Activities    (8.7)

Cash Provided From (Used By) Financing Activities:
   Increase (decrease) in debt                       (2,086.4)
   Sale of accounts receivable under securitization         -
   Dividends                                                -
   Other                                                 (0.8)
                                                     --------
Net Cash Provided From Financing Activities          (2,087.2)

Increase (Decrease) in Cash and Equivalents              (3.4)

Cash and equivalents at beginning of period             508.2
                                                     --------
Cash and equivalents at end of period                  $504.8
                                                     ========

Federal-Mogul Corporation -- http://www.federal-mogul.com/--
(OTCBB: FDMLQ) is a global supplier, serving the world's foremost
original equipment manufacturers of automotive, light commercial,
heavy-duty, agricultural, marine, rail, off-road and industrial
vehicles, as well as the worldwide aftermarket.  Founded in
Detroit in 1899, the company is headquartered in Southfield,
Michigan, and employs 45,000 people in 35 countries.  Aside from
the U.S., Federal-Mogul also has operations in other locations
which includes, among others, Mexico, Malaysia, Australia, China,
India, Japan, Korea, and Thailand.

The Company filed for chapter 11 protection on Oct. 1, 2001
(Bankr. Del. Case No. 01-10582).  Lawrence J. Nyhan Esq., James F.
Conlan Esq., and Kevin T. Lantry Esq., at Sidley Austin Brown &
Wood, and Laura Davis Jones Esq., at Pachulski, Stang, Ziehl &
Jones, P.C., represent the Debtors in their restructuring efforts.
When the Debtors filed for protection from their creditors, they
listed $10.15 billion in assets and $8.86 billion in liabilities.
Federal-Mogul Corp.'s U.K. affiliate, Turner & Newall, is based at
Dudley Hill, Bradford.  Peter D. Wolfson, Esq., at Sonnenschein
Nath & Rosenthal; and Charlene D. Davis, Esq., Ashley B. Stitzer,
Esq., and Eric M. Sutty, Esq., at The Bayard Firm represent the
Official Committee of Unsecured Creditors.

On March 7, 2003, the Debtors filed their Joint Chapter 11 Plan.
They submitted a Disclosure Statement explaining that plan on
April 21, 2003.  They submitted several amendments and on June 6,
2004, the Bankruptcy Court approved the Third Amended Disclosure
Statement for their Third Amended Plan.  On July 28, 2004, the
District Court approved the Disclosure Statement.  The estimation
hearing began on June 14, 2005.  The Debtors submitted a Fourth
Amended Plan and Disclosure Statement on Nov. 21, 2006, and the
Bankruptcy Court approved that Disclosure Statement on Feb. 6,
2007.  The Fourth Amended Plan was confirmed by the Bankruptcy
Court on Nov. 8, 2007, and affirmed by the District Court on
November 14.  Federal-Mogul emerged from chapter 11 on Dec. 27,
2007.

(Federal-Mogul Bankruptcy News, Issue No. 171; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000)


FEDERAL-MOGUL: Federal-Mogul Global's May 2008 Operating Report
---------------------------------------------------------------

                Federal-Mogul Global, Inc., et al.
                       Unaudited Balance Sheet
                          As of May 31, 2008
                            (In millions)

                                Assets

Cash and equivalents                                   $508.3
Accounts receivable                                     694.1
Inventories                                             455.7
Deferred taxes                                          234.3
Prepaid expenses and other current assets                65.7
                                                     --------
Total current assets                                  1,958.0

Summary of Unpaid Postpetition Debits                    47.2
Intercompany Loans Receivable (Payable)                   6.5
                                                     --------
Intercompany Balances                                    53.8

Property, plant and equipment                           694.3
Goodwill                                                    -
Other intangible assets                                   0.7
Insurance recoverable                                       -
Other non-current assets                                421.6
                                                     --------
Total Assets                                         $3,128.4
                                                     ========

                    Liabilities and Shareholders' Equity

Short-term debt                                             -
Accounts payable                                       $278.1
Accrued compensation                                     49.2
Restructuring and rationalization reserves                6.4
Current portion of asbestos liability                       -
Interest payable                                          6.9
Other accrued liabilities                               256.7
                                                     --------
Total current liabilities                               597.4

Long-term debt                                        2,798.9
Post-employment benefits                                569.9
Other accrued liabilities                               805.5
Liabilities subject to compromise                        (0.1)

Shareholders' equity:
   Preferred stock                                     1023.2
   Common stock                                         120.5
   Additional paid-in capital                         7,933.9
   Accumulated deficit                              (10,964.1)
   Accumulated other comprehensive income               243.6
   Other                                                    -
                                                     --------
Total Shareholders' Equity                           (1,643.0)
                                                     --------
Total Liabilities and Shareholders' Equity           $3,128.4
                                                     ========

                   Federal-Mogul Global, Inc., et al.
                   Unaudited Statement of Operations
                   For the Month Ended May 31, 2008
                              (In millions)

Net sales                                              $287.0
Cost of products sold                                   231.3
                                                     --------
Gross margin                                             55.7

Selling, general & administrative expenses              (41.8)
Amortization                                              0.2
Reorganization items                                     (0.6)
Interest income (expense), net                          (13.1)
Other income (expense), net                               7.4
                                                     --------
Earnings before Income Taxes                              7.7

Income Tax (Expense) Benefit                             (0.8)
                                                     --------
Earnings before cumulative effect of change
   in accounting principle                                6.9

Cumulative effect of change in acctg. principle             -
                                                     --------
Net Earnings (loss)                                      $6.9
                                                     ========

                   Federal-Mogul Global, Inc., et al.
                   Unaudited Statement of Cash Flows
                   For the Month Ended May 31, 2008
                             (In millions)

Cash Provided From (Used By) Operating Activities:
   Net earning (loss)                                    $6.9
Adjustments to reconcile net earnings (loss) to net cash:
   Depreciation and amortization                         10.5
   Adjustment of assets held for sale and
      other long-lived assets to fair value                 -
   Asbestos charge                                          -
   Summary of unpaid postpetition debits                    -
   Cumulative effect of change in acctg. principle          -
   Change in post-employment benefits                    (0.1)
   Decrease (increase) in accounts receivable           (34.2)
   Decrease (increase) in inventories                    14.1
   Increase (decrease) in accounts payable               39.9
   Change in other assets & other liabilities           (28.4)
   Change in restructuring charge                        (0.2)
   Refunds (payments) against asbestos liability            -
                                                     --------
Net Cash Provided From Operating Activities               8.5

Cash Provided From (Used By) Investing Activities:
   Expenditures for property, plant & equipment          (7.4)
   Proceeds from sale of property, plant & equipment        -
   Proceeds from sale of businesses                         -
   Business acquisitions, net of cash acquired              -
   Other                                                    -
                                                     --------
Net Cash Provided From (Used By) Investing Activities    (7.4)

Cash Provided From (Used By) Financing Activities:
   Increase (decrease) in debt                            1.9
   Sale of accounts receivable under securitization         -
   Dividends                                                -
   Other                                                  0.3
                                                     --------
Net Cash Provided From Financing Activities               2.2

Increase (Decrease) in Cash and Equivalents               3.4

Cash and equivalents at beginning of period             504.8
                                                     --------
Cash and equivalents at end of period                  $508.3
                                                     ========

Federal-Mogul Corporation -- http://www.federal-mogul.com/--
(OTCBB: FDMLQ) is a global supplier, serving the world's foremost
original equipment manufacturers of automotive, light commercial,
heavy-duty, agricultural, marine, rail, off-road and industrial
vehicles, as well as the worldwide aftermarket.  Founded in
Detroit in 1899, the company is headquartered in Southfield,
Michigan, and employs 45,000 people in 35 countries.  Aside from
the U.S., Federal-Mogul also has operations in other locations
which includes, among others, Mexico, Malaysia, Australia, China,
India, Japan, Korea, and Thailand.

The Company filed for chapter 11 protection on Oct. 1, 2001
(Bankr. Del. Case No. 01-10582).  Lawrence J. Nyhan Esq., James F.
Conlan Esq., and Kevin T. Lantry Esq., at Sidley Austin Brown &
Wood, and Laura Davis Jones Esq., at Pachulski, Stang, Ziehl &
Jones, P.C., represent the Debtors in their restructuring efforts.
When the Debtors filed for protection from their creditors, they
listed $10.15 billion in assets and $8.86 billion in liabilities.
Federal-Mogul Corp.'s U.K. affiliate, Turner & Newall, is based at
Dudley Hill, Bradford.  Peter D. Wolfson, Esq., at Sonnenschein
Nath & Rosenthal; and Charlene D. Davis, Esq., Ashley B. Stitzer,
Esq., and Eric M. Sutty, Esq., at The Bayard Firm represent the
Official Committee of Unsecured Creditors.

On March 7, 2003, the Debtors filed their Joint Chapter 11 Plan.
They submitted a Disclosure Statement explaining that plan on
April 21, 2003.  They submitted several amendments and on June 6,
2004, the Bankruptcy Court approved the Third Amended Disclosure
Statement for their Third Amended Plan.  On July 28, 2004, the
District Court approved the Disclosure Statement.  The estimation
hearing began on June 14, 2005.  The Debtors submitted a Fourth
Amended Plan and Disclosure Statement on Nov. 21, 2006, and the
Bankruptcy Court approved that Disclosure Statement on Feb. 6,
2007.  The Fourth Amended Plan was confirmed by the Bankruptcy
Court on Nov. 8, 2007, and affirmed by the District Court on
November 14.  Federal-Mogul emerged from chapter 11 on Dec. 27,
2007.

(Federal-Mogul Bankruptcy News, Issue No. 171; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000)


FEDERAL-MOGUL: Federal-Mogul Global's June 2008 Operating Report
----------------------------------------------------------------

                Federal-Mogul Global, Inc., et al.
                     Unaudited Balance Sheet
                       As of June 30, 2008
                         (In millions)

                              Assets

Cash and equivalents                                   $595.3
Accounts receivable                                     702.2
Inventories                                             451.0
Deferred taxes                                          232.3
Prepaid expenses and other current assets                68.2
                                                     --------
Total current assets                                  2,049.1

Summary of Unpaid Postpetition Debits                    37.8
Intercompany Loans Receivable (Payable)                 (46.2)
                                                     --------
Intercompany Balances                                    (8.4)

Property, plant and equipment                           694.7
Goodwill                                                    -
Other intangible assets                                     -
Insurance recoverable                                       -
Other non-current assets                                423.1
                                                     --------
Total Assets                                         $3,158.4
                                                     ========

                  Liabilities and Shareholders' Equity

Short-term debt                                             -
Accounts payable                                       $282.2
Accrued compensation                                     53.5
Restructuring and rationalization reserves                5.7
Current portion of asbestos liability                       -
Interest payable                                          8.5
Other accrued liabilities                               264.9
                                                     --------
Total current liabilities                               614.8

Long-term debt                                        2,793.3
Post-employment benefits                                571.4
Other accrued liabilities                               801.5
Liabilities subject to compromise                           -

Shareholders' equity:
   Preferred stock                                    1,023.2
   Common stock                                         120.5
   Additional paid-in capital                          7934.4
   Accumulated deficit                              (10,957.6)
   Accumulated other comprehensive income               257.1
   Other                                                    -
                                                     --------
Total Shareholders' Equity                           (1,622.4)
                                                     --------
Total Liabilities and Shareholders' Equity           $3,158.4
                                                     ========

                 Federal-Mogul Global, Inc., et al.
                 Unaudited Statement of Operations
                 For the Month Ended June 30, 2008
                             (In millions)

Net sales                                              $265.9
Cost of products sold                                   218.8
                                                     --------
Gross margin                                             47.1

Selling, general & administrative expenses              (36.9)
Amortization                                                -
Reorganization items                                     (0.9)
Fresh Start Accounting expense                            2.0
Interest income (expense), net                          (12.6)
Other income (expense), net                              13.5
                                                     --------
Earnings before Income Taxes                             12.3

Income Tax (Expense) Benefit                             (1.1)
                                                     --------
Earnings before cumulative effect of change
   in accounting principle                               11.2

Cumulative effect of change in acctg. principle             -
                                                     --------
Net Earnings (loss)                                     $11.2
                                                     ========
                 
                 Federal-Mogul Global, Inc., et al.
                 Unaudited Statement of Cash Flows
                 For the Month Ended June 30, 2008
                           (In millions)

Cash Provided From (Used By) Operating Activities:
   Net earning (loss)                                   $11.2
Adjustments to reconcile net earnings (loss) to net cash:
   Depreciation and amortization                         10.8
   Adjustment of assets held for sale and
      other long-lived assets to fair value                 -
   Asbestos charge                                          -
   Summary of unpaid postpetition debits                    -
   Cumulative effect of change in acctg. principle          -
   Change in post-employment benefits                     1.4
   Decrease (increase) in accounts receivable            (7.4)
   Decrease (increase) in inventories                       5
   Increase (decrease) in accounts payable                3.4
   Change in other assets & other liabilities            76.9
   Change in restructuring charge                        (0.7)
   Refunds (payments) against asbestos liability            -
                                                     --------
Net Cash Provided From Operating Activities             100.6

Cash Provided From (Used By) Investing Activities:
   Expenditures for property, plant & equipment          (9.2)
   Proceeds from sale of property, plant & equipment        -
   Proceeds from sale of businesses                         -
   Business acquisitions, net of cash acquired              -
   Other                                                    -
                                                     --------
Net Cash Provided From (Used By) Investing Activities    (9.2)

Cash Provided From (Used By) Financing Activities:
   Increase (decrease) in debt                           (5.6)
   Sale of accounts receivable under securitization         -
   Dividends                                                -
   Other                                                  1.2
                                                     --------
Net Cash Provided From Financing Activities              (4.4)

Increase (Decrease) in Cash and Equivalents              87.0

Cash and equivalents at beginning of period             508.3
                                                     --------
Cash and equivalents at end of period                  $595.3
                                                     ========

Federal-Mogul Corporation -- http://www.federal-mogul.com/--
(OTCBB: FDMLQ) is a global supplier, serving the world's foremost
original equipment manufacturers of automotive, light commercial,
heavy-duty, agricultural, marine, rail, off-road and industrial
vehicles, as well as the worldwide aftermarket.  Founded in
Detroit in 1899, the company is headquartered in Southfield,
Michigan, and employs 45,000 people in 35 countries.  Aside from
the U.S., Federal-Mogul also has operations in other locations
which includes, among others, Mexico, Malaysia, Australia, China,
India, Japan, Korea, and Thailand.

The Company filed for chapter 11 protection on Oct. 1, 2001
(Bankr. Del. Case No. 01-10582).  Lawrence J. Nyhan Esq., James F.
Conlan Esq., and Kevin T. Lantry Esq., at Sidley Austin Brown &
Wood, and Laura Davis Jones Esq., at Pachulski, Stang, Ziehl &
Jones, P.C., represent the Debtors in their restructuring efforts.
When the Debtors filed for protection from their creditors, they
listed $10.15 billion in assets and $8.86 billion in liabilities.
Federal-Mogul Corp.'s U.K. affiliate, Turner & Newall, is based at
Dudley Hill, Bradford.  Peter D. Wolfson, Esq., at Sonnenschein
Nath & Rosenthal; and Charlene D. Davis, Esq., Ashley B. Stitzer,
Esq., and Eric M. Sutty, Esq., at The Bayard Firm represent the
Official Committee of Unsecured Creditors.

On March 7, 2003, the Debtors filed their Joint Chapter 11 Plan.
They submitted a Disclosure Statement explaining that plan on
April 21, 2003.  They submitted several amendments and on June 6,
2004, the Bankruptcy Court approved the Third Amended Disclosure
Statement for their Third Amended Plan.  On July 28, 2004, the
District Court approved the Disclosure Statement.  The estimation
hearing began on June 14, 2005.  The Debtors submitted a Fourth
Amended Plan and Disclosure Statement on Nov. 21, 2006, and the
Bankruptcy Court approved that Disclosure Statement on Feb. 6,
2007.  The Fourth Amended Plan was confirmed by the Bankruptcy
Court on Nov. 8, 2007, and affirmed by the District Court on
November 14.  Federal-Mogul emerged from chapter 11 on Dec. 27,
2007.

(Federal-Mogul Bankruptcy News, Issue No. 171; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000)


FEDERAL-MOGUL: Federal-Mogul Global's July 2008 Operating Report
----------------------------------------------------------------

                 Federal-Mogul Global, Inc., et al.
                        Unaudited Balance Sheet
                           As of July 31, 2008
                               (In millions)

                                   Assets

Cash and equivalents                                   $581.0
Accounts receivable                                     622.1
Inventories                                             466.9
Deferred taxes                                          229.6
Prepaid expenses and other current assets                44.5
                                                     --------
Total current assets                                  1,944.1

Summary of Unpaid Postpetition Debits                    51.3
Intercompany Loans Receivable (Payable)                 (47.9)
                                                     --------
Intercompany Balances                                     3.5

Property, plant and equipment                           670.7
Goodwill                                                    -
Other intangible assets                                     -
Insurance recoverable                                       -
Other non-current assets                                448.4
                                                     --------
Total Assets                                         $3,066.6
                                                     ========

               Liabilities and Shareholders' Equity

Short-term debt                                         $29.6
Accounts payable                                        270.5
Accrued compensation                                     54.0
Restructuring and rationalization reserves                5.2
Current portion of asbestos liability                       -
Interest payable                                          7.7
Other accrued liabilities                               247.6
                                                     --------
Total current liabilities                               614.6

Long-term debt                                        2,765.6
Post-employment benefits                                569.8
Other accrued liabilities                               801.6
Liabilities subject to compromise                           -

Shareholders' equity:
   Preferred stock                                    1,023.2
   Common stock                                         120.5
   Additional paid-in capital                         7,934.0
   Accumulated deficit                              (10,999.4)
   Accumulated other comprehensive income               236.8
   Other                                                    -
                                                     --------
Total Shareholders' Equity                           (1,684.9)
                                                     --------
Total Liabilities and Shareholders' Equity           $3,066.6
                                                     ========

                Federal-Mogul Global, Inc., et al.
                Unaudited Statement of Operations
                For the Month Ended July 31, 2008
                           (In millions)

Net sales                                              $232.0
Cost of products sold                                   197.3
                                                     --------
Gross margin                                             34.7

Selling, general & administrative expenses              (38.4)
Amortization                                                -
Reorganization items                                     (0.6)
Fresh Start Accounting expense                          (28.4)
Interest income (expense), net                          (12.8)
Other income (expense), net                               3.8
                                                     --------
Earnings before Income Taxes                            (41.6)

Income Tax (Expense) Benefit                              0.1
                                                     --------
Earnings before cumulative effect of change
   in accounting principle                              (41.4)

Cumulative effect of change in acctg. principle             -
                                                     --------
Net Earnings (loss)                                    ($41.4)
                                                     ========

                 Federal-Mogul Global, Inc., et al.
                 Unaudited Statement of Cash Flows
                 For the Month Ended July 31, 2008
                            (In millions)

Cash Provided From (Used By) Operating Activities:
   Net earning (loss)                                  ($41.4)
Adjustments to reconcile net earnings (loss) to net cash:
   Depreciation and amortization                          5.4
   Adjustment of assets held for sale and
      other long-lived assets to fair value               0.1
   Asbestos charge                                          -
   Summary of unpaid postpetition debits                    -
   Cumulative effect of change in acctg. principle          -
   Change in post-employment benefits                    (1.5)
   Decrease (increase) in accounts receivable            79.6
   Decrease (increase) in inventories                   (16.1)
   Increase (decrease) in accounts payable              (11.2)
   Change in other assets & other liabilities           (19.3)
   Change in restructuring charge                        (0.5)
   Refunds (payments) against asbestos liability            -
                                                     --------
Net Cash Provided From Operating Activities              (4.9)

Cash Provided From (Used By) Investing Activities:
   Expenditures for property, plant & equipment         (10.5)
   Proceeds from sale of property, plant & equipment        -
   Proceeds from sale of businesses                         -
   Business acquisitions, net of cash acquired              -
   Other                                                    -
                                                     --------
Net Cash Provided From (Used By) Investing Activities   (10.5)

Cash Provided From (Used By) Financing Activities:
   Increase (decrease) in debt                            2.0
   Sale of accounts receivable under securitization         -
   Dividends                                                -
   Other                                                 (0.8)
                                                     --------
Net Cash Provided From Financing Activities               1.2

Increase (Decrease) in Cash and Equivalents             (14.3)

Cash and equivalents at beginning of period             595.3
                                                     --------
Cash and equivalents at end of period                  $581.0
                                                     ========

Federal-Mogul Corporation -- http://www.federal-mogul.com/--
(OTCBB: FDMLQ) is a global supplier, serving the world's foremost
original equipment manufacturers of automotive, light commercial,
heavy-duty, agricultural, marine, rail, off-road and industrial
vehicles, as well as the worldwide aftermarket.  Founded in
Detroit in 1899, the company is headquartered in Southfield,
Michigan, and employs 45,000 people in 35 countries.  Aside from
the U.S., Federal-Mogul also has operations in other locations
which includes, among others, Mexico, Malaysia, Australia, China,
India, Japan, Korea, and Thailand.

The Company filed for chapter 11 protection on Oct. 1, 2001
(Bankr. Del. Case No. 01-10582).  Lawrence J. Nyhan Esq., James F.
Conlan Esq., and Kevin T. Lantry Esq., at Sidley Austin Brown &
Wood, and Laura Davis Jones Esq., at Pachulski, Stang, Ziehl &
Jones, P.C., represent the Debtors in their restructuring efforts.
When the Debtors filed for protection from their creditors, they
listed $10.15 billion in assets and $8.86 billion in liabilities.
Federal-Mogul Corp.'s U.K. affiliate, Turner & Newall, is based at
Dudley Hill, Bradford.  Peter D. Wolfson, Esq., at Sonnenschein
Nath & Rosenthal; and Charlene D. Davis, Esq., Ashley B. Stitzer,
Esq., and Eric M. Sutty, Esq., at The Bayard Firm represent the
Official Committee of Unsecured Creditors.

On March 7, 2003, the Debtors filed their Joint Chapter 11 Plan.
They submitted a Disclosure Statement explaining that plan on
April 21, 2003.  They submitted several amendments and on June 6,
2004, the Bankruptcy Court approved the Third Amended Disclosure
Statement for their Third Amended Plan.  On July 28, 2004, the
District Court approved the Disclosure Statement.  The estimation
hearing began on June 14, 2005.  The Debtors submitted a Fourth
Amended Plan and Disclosure Statement on Nov. 21, 2006, and the
Bankruptcy Court approved that Disclosure Statement on Feb. 6,
2007.  The Fourth Amended Plan was confirmed by the Bankruptcy
Court on Nov. 8, 2007, and affirmed by the District Court on
November 14.  Federal-Mogul emerged from chapter 11 on Dec. 27,
2007.

(Federal-Mogul Bankruptcy News, Issue No. 171; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000)


FORTUNOFF: Files July 2008 Monthly Operating Report
---------------------------------------------------

                 Source Financing Corp./Fortunoff
                          Balance Sheet
                                                                                  
                                         As of
                                       July 31,   Petition Date
                                         2008      or Scheduled
                                    ------------- -------------
                             ASSETS                              

Current assets:
   Unrestricted cash & equivalents     $3,632,693    $1,384,000
   Restricted Cash & Cash equivalents     874,220             -
   Accounts receivable                    957,930     3,111,000
   Inventories                                  -    95,568,000
   Prepaid expenses                             -     3,612,000
   Profesional Retainers                  255,267             -
   Other current assets                         -     6,332,000
                                     ------------  ------------
Total current assets                    5,720,110   110,007,000

Property & Equipment:
   Real property & improvements                 -             0
   Machinery & equipment                        -     5,915,000
   Furniture, fixtures, & office equip.         -    20,582,000
   Leashehold improvements                      -    28,251,000
   Vehicles                                     -             0
   Less:  Accumulated depreciation              -   (18,292,000)
                                     ------------  ------------
Total Property & Equipment                           36,456,000

Other Assets:
   Amounts due from insiders                                  0
   Other assets -- utility deposit                   86,179,000
                                                   ------------
Total other assets                                   86,179,000
                                     ------------  ------------
Total Assets                           $5,720,110  $232,642,000
                                     ============  ============

                   LIABILITIES & OWNER EQUITY

Liabilities Subject to Compromise
   (Postpetition):
   Accounts Payable                       $84,351             -
   Taxes Payable                                -             -
   Wages Payable                                -             -
   Notes Payable                                -             -
   Rent/Leases - Building Equipment        67,765             -
   Secured Debt                                 -             -
   Professional Fees                    1,011,815             -
   Amounts Due to Insider                       -             -
   Other Postpetition Liabilities         365,378             -
                                     ------------  ------------
Total Postpetition Liabilities          1,529,309             -

Liabilities Subject to Compromise
   (Prepetition):
   Secured debt (Term D Loan)          19,708,000   $88,565,000
   Priority debt (20-day claims)        9,023,482     9,023,482
   Unsecured debt                      98,171,687   183,346,518
                                     ------------  ------------
Total Prepetition Liabilities         126,903,169   280,935,000
                                     ------------  ------------
Total Liabilities                    $128,432,478   280,935,000

Owners' Equity:
   Capital stock                                     77,412,000
   Retained earnings, prepetition               -  (125,705,000)
   Retained earnings, postpetition              -             -
                                     ------------  ------------
Net Owners' Equity                              -   (48,293,000)
                                     ------------  ------------
Total Liabilities & Owners Equity               -  $232,642,000
                                     ============  ============

                 Source Financing Corp./Fortunoff
                     Statement of Operations
                 For the month ended July 31, 2008

Revenues:
   Gross Revenues, net                                        -

Cost of Goods Sold:
   Beginning inventory                                        -
   Purchases                                                  -
   Less:  Ending inventory                                    -
                                                   ------------
Cost of goods sold                                            -
                                                   ------------
Gross profit                                                  -

Operating Expenses:
   Advertising                                                -
   Bad debts                                                  -
   Employee benefits programs                                 -
   Officer/insider compensation                               -
   Insurance                                                  -
   Office expense                                             -
   Repairs & maintenance                                      -
   Rent & lease expense                                       -
   Salaries/commissions/fees                                  -
   Supplies                                              (8,787)
   Taxes - payroll                                            -
   Taxes - real estate                                        -
   Taxes - other                                              -
   Travel & entertainment                                     -
   Others                                                 6,892
                                                   ------------
Total operating expenses before depreciation             (1,895)
Depreciation/depletion/amortization                           -
                                                   ------------
Net profit before other income & expenses                 1,895

Other Income & Expenses:
   Other income                                           1,332
   Interest expense                                           -
                                                   ------------
Net profit before reorganization items                    3,227

Reorganization Items:
   Professional fees                                     32,992
   U.S. Trustee quarterly fees                            3,250
                                                   ------------
Total reorganization expenses                            36,242
                                                   ------------
Net profit (loss)                                      ($33,015)
                                                   ============

                 Source Financing Corp./Fortunoff
              Schedule of Cash Receipts & Disbursement
                 For the month ended July 31, 2008

Cash - beginning of month                            $3,585,338

Receipts:
   Cash sales                                                 -
   Accounts Receivable, prepetition                      51,685
   Accounts Receivable, postpetition                          -
   Loans & advances                                           -
   Others                                                 1,332
                                                   ------------
Total receipts                                           53,017

Disbursements:
   Net payroll                                                -
   Payroll taxes & 401k contributions                         -
   Sales, use, & other taxes                                  -
   Inventory purchases                                        -
   Insurance                                                  -
   Others                                                 5,662
   Professional fees                                          -
                                                   ------------
Total disbursements                                       5,662
                                                   ------------
Net cash flow                                            47,355
                                                   ------------
Cash - end of month                                  $3,632,693
                                                   ============

Fortunoff Fine Jewelry and Silverware, L.L.C., and its
affiliates, sold substantially all of their assets, including
their "Fortunoff" and "The Source" trademarks, on March 7, 2008,
to NRDC Equity Partners LLC's H Acquisition LLC, now known as
Fortunoff Holdings LLC.

New York-based Fortunoff Fine Jewelry and Silverware LLC --
http://www.fortunoff.com/-- started out as a family-owned   
business founded by Max and Clara Fortunoff in 1922, until it
merged with M. Fortunoff of Westbury, L.L.C. and Source Financing
Corporation in 2004.  Fortunoff offers customers fine jewelry and
watches, antique jewelry and silver, everything for the table,
fine gifts, home furnishings including bedroom and bath, fireplace
furnishings, housewares, and seasonal shops including outdoor
furniture shop in summer and enchanting Christmas Store in the
winter.  It opened some 20 satellite stores in the New Jersey,
Long Island, Connecticut and Pennsylvania markets featuring
outdoor furniture and grills during the Spring/Summer season and
indoor furniture (and in some locations Christmas trees and decor)
in the Fall/Winter season.

Fortunoff and its two affiliates filed for chapter 11 petition on
Feb. 4, 2008 (Bankr. S.D.N.Y. Case Nos. 08-10353 through 08-10355)
in order to effectuate a sale to NRDC Equity Partners LLC, --
http://www.nrdcequity.com/-- a private equity firm that bought   
Lord & Taylor from Federated Department Stores.   

Due to the U.S. Trustee's objection, Fortunoff backed out of
its request to employ Skadden Arps Meagher & Flom LLC, as
bankruptcy counsel.  Fortunoff hired Togut Segal & Segal LLP,
as their general bankruptcy counsel instead, but Skadden Arps will
continue to serve the Debtors as special counsel in connection
with the sale the Debtors' assets.  Logan & Company, Inc., serves
as the Debtors' claims, noticing, and balloting agent.  FTI
Consulting Inc. are the Debtors' proposed crisis manager.

An Official Committee of Unsecured Creditors has been appointed in
this case.  Effective March 6, 2008, Morrison & Foerster LLP is
counsel to the Creditors Committee in substitution of Otterbourg
Steidler Houston & Rosen PC.  Mahoney Cohen & Company, CPA, P.C.,
serves as financial advisor to the Creditors' Committee.

In their schedules, Fortunoff Fine Jewelry listed $5,052,315 total
assets and $136,626,948 total liabilities; Source Financing Corp.
listed $154,680,100 total assets and $176,961,631 total
liabilities; and M. Fortunoff of Westbury LLC listed $6,300,955
total assets and $119,985,788 total liabilities.  The Debtors'
exclusive period to file a plan of reorganization ended June 3,
2008.  (Fortunoff Bankruptcy News, Issue No. 15; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or   
215/945-7000)


FRONTIER AIRLINES: Lynx Files Schedules of Assets and Liabilities
-----------------------------------------------------------------
Lynx Aviation Inc., a subsidiary of Frontier Airlines Inc. filed
with the United States 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                                             
       Various Airport Ticket Offices                        200
B.2  Bank Accounts
       Colorado Business Bank                          4,241,210
B.3  Security Deposit
       Aircraft - Bombardier                             250,000
       Aircraft - Wells Fargo Trust                    3,716,434
       Aircraft - Wilmington Trust                       918,436
       Building Lease - Orix Prime                        37,453
       Business Registration - Colorado Revenue Dept.         50
       EFIS Supplement                                     8,278
       Workmans Comp                                      20,000
B.16 Accounts Receivable
        Net, vendor receivables                          558,589
        Net, other receivables                            55,668
        Net, intercompany receivables                  1,364,753
B.25 Vehicles
       Motorized vehicles and equipment                    6,192
B.26 Boats, motors and accessories                             0
B.27 Aircraft and accessories
       Owned Operating Airframes                      91,080,007
       Rotables - Bombardier Q400                      7,685,580
       Other flight equipment                             92,646
B.28 Office Equipment
       Communication Equipment                            26,152
       Furniture, Fixtures and Office Equipment          174,243
       Computer Equipment                                854,918
B.29 Machinery, equipment and supplies in business
       Maintenance Tools & Equipment                      56,445
       Miscellaneous Ground Equipment                    413,842
       Leasehold Improvements                            130,266
B.30 Inventory
       Various Aircraft Inventory                        437,696
B.35 Other Personal Property                                   
       Other Prepaid Expenses                            137,350

       TOTAL SCHEDULED ASSETS                       $112,266,410
       =========================================================

C.   Property Claimed as Exempt                               $0

D.   Creditors Holding Secured Claims
       Export Development Canada-AC#N502LX S/N#4168   15,661,607
       Export Development Canada-AC#N507LX S/N#4181   16,151,718
       Export Development Canada-AC#N508LX S/N#4182   16,151,718
       Export Development Canada-AC#N509LX S/N#4184   19,194,367
       Export Development Canada-AC#N510LX S/N#4186   16,194,367

E.   Creditors Holding Unsecured Priority Claims
       Robert Dennard                                         15
       Thomas Philipp                                         98
       Others                                            Unknown

F.   Creditors Holding Unsecured Non-priority Claims
       Frontier Airlines Holdings, Inc.               39,674,762
       Others                                          1,218,124

       TOTAL SCHEDULED LIABILITIES                  $121,246,779
       =========================================================

                 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.

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.)  Benjamin S. Kaminetzky, Esq., and Hugh R.
McCullough, Esq., at Davis Polk & Wardwell, represent 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.

(Frontier Airlines Bankruptcy News, Issue No. 21; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000)


GREEKTOWN CASINO: Holdings LLC's June 2008 Operating Report
-----------------------------------------------------------

                      Greektown Holdings, LLC
                          Balance Sheet
                       As of June 30, 2008


ASSETS
Cash                                                         $0
Inventory                                                     0
Accounts receivable                                           0
Insider Receivables                                   2,892,586

Property and Equipment
  Land and buildings                                          0
  Furniture, fixtures and equipment                           0

Other Assets
  Financing Fees                                      3,120,701
  Notes receivables from affiliates                 359,420,143
  Investments in affiliate                          125,253,617
                                                 --------------
Total Assets                                       $490,687,047
                                                 ==============  


LIABILITIES AND STOCKHOLDER'S EQUITY

Postpetition liabilities:
  Accounts payable                                           $0
  Rent and lease payable                                      0
  Wages and salaries                                          0
  Taxes payable                                               0
  Other                                                 800,000
                                                 --------------
  Total postpetition liabilities                        800,000

Secured liabilities subject to postpetition
collateral or financing order                       45,454,379
All other secured liabilities                       313,965,764
                                                 --------------
  Total secured liabilities                         359,420,143

Prepetition liabilities:
  Taxes and other priority liabilities                        0
  Unsecured liabilities                             208,621,098       
  Discount on bonds                                  (1,636,807)
                                                 --------------
  Total prepetition liabilities                     206,984,291

Kewadin equity                                      (99,399,127)
Monroe equity                                       (87,697,011)
Owner's capital                                         488,947     
Retained earnings prepetition                       116,601,907
Retained earnings postpetition                       (6,512,103)
                                                 --------------
Total stockholders' equity                          (76,517,388)
                                                 --------------
Total liabilities                                   567,204,434
                                                 --------------
Total Liabilities & Shareholders' Deficit          $490,687,046
                                                 ==============

                   Greektown Holdings, LLC
                       Income Statement
               For the month ended June 30, 2008

Total revenue/sales                                          $0
Cost of sales                                                 0
                                                 --------------
Gross profit                                                  0

Operating Expenses
  Interest expense                                    1,507,292
  Accounting fees - credit                             (210,471)
                                                 --------------
  Total expenses                                      1,296,821

  Net operating profit/(loss)                                 0
  Add: Non-operating income                                   0
       Interest income                                        0
       Other income                                           0

  Less: Non-operating expenses                           73,912
        Professional fees                                     0
        Other                                                 0
                                                 --------------
Net Income(Loss)                                    ($1,370,013)
                                                 ==============

                   Greektown Holdings, LLC
                      Cash Flow Statement
               For the month ended June 30, 2008

Cash - beginning of month                                    $0

  Receipts                                                    0
  Balance available                                           0
                                                 --------------
  Less disbursements                                          0
                                                 --------------
Cash - end of month                                          $0
                                                 ==============

                     Greektown Casino LLC
                        Balance Sheet
                      As of June 30, 2008

ASSETS
Cash                                                $31,865,447
Inventory                                               404,442
Accounts receivable                                   5,465,317
Insider Receivables                                           0

Property and Equipment
  Land and buildings                                416,829,908
  Furniture, fixtures and equipment                  79,353,624

Accumulated Depreciation                           (131,685,624)
Other                                                15,260,228
Other                                               146,034,979
                                                 --------------
Total Assets                                       $563,527,969
                                                 ==============  

LIABILITIES AND STOCKHOLDER'S EQUITY
Postpetition liabilities:
  Accounts payable                                   14,272,724
  Rent and lease payable                                      0
  Wages and salaries                                  1,422,791
  Taxes payable                                          86,829
  Other                                                 522,842
                                                 --------------
  Total postpetition liabilities                     16,305,187

Secured liabilities subject to postpetition
collateral or financing order                       45,454,379
All other secured liabilities                       313,965,764
                                                 --------------
  Total secured liabilities                         359,420,143         

Prepetition liabilities:
  Taxes and other priority liabilities                4,415,304
  Unsecured liabilities                              56,617,552
  Other                                               1,516,166
                                                 --------------
  Total prepetition liabilities                      62,549,022

Equity:                                              47,646,979
Owner's capital                                               0
Retained earnings prepetition                        82,744,007
Retained earnings postpetition                       (5,137,369)
                                                 --------------
Total stockholders' equity                          125,253,617
                                                 --------------
Total liabilities                                   438,274,352
                                                 --------------
Total Liabilities & Shareholders' Deficit          $563,527,969
                                                 ==============
   
                      Greektown Casino LLC
                        Income Statement
                For the month ended June 30, 2008

Total revenue/sales                                 $25,371,421
Cost of sales                                         2,175,567
                                                 --------------
Gross profit                                         23,195,854

Operating Expenses
  Officer compensation                                   85,562
  Salary expenses, other employees                    4,660,844
  Employees benefits & pensions                       1,989,968
  Payroll taxes                                         540,081
  Other taxes                                           360,480
  Rent and lease expense                                      0       
  Interest expense                                    4,744,444
  Insurance                                             183,614
  Automobile & truck expense                                  0
  Utilities                                             222,343
  Depreciation                                          468,520
  Travel and entertainment                               14,593
  Repairs and maintenance                             1,463,847
  Advertising                                           699,707
  Supplies, office expense, etc.                         39,493
  Gaming taxes                                        6,698,740
  G&A expenses                                        1,411,820
  F&B expenses                                          837,674
  MGCB Fee                                              871,696
  Parking/other                                          98,262
                                                 --------------
  Total expenses                                     25,391,688

Net operating profit/(loss)                          (2,195,834)
Add: Non-operating income                                     0
     Interest income                                     34,061
     Other income                                             0

Less: Non-operating expenses                                  0
      Professional fees                               2,059,045
      Other                                             916,550
                                                 --------------
Net Income(Loss)                                    ($5,137,369)
                                                 ==============

                    Greektown Casino LLC
                       Cash Statement
               For the month ended June 30, 2008

Cash - beginning of month                           ($1,271,329)

  Receipts                                          216,028,033
  Balance available                                 214,756,704
                                                 --------------
  Less disbursements                                194,518,002
                                                 --------------
Cash - end of month                                 $20,238,700
                                                 ==============

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

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

The company and seven of its affiliates filed for Chapter 11
protection on May 29, 2008 (Bankr. E.D. Mich. Lead Case No. 08-
53104).  Daniel J. Weiner, Esq., Michael E. Baum, Esq., and Ryan
D. Heilman, Esq., at Schafer and Weiner PLLC, represent the
Debtors in their restructuring efforts.  Judy B. Calton, Esq., at
Honigman Miller Schwartz and Cohn LLP, represents the Debtors as
their special counsel.  The Debtors chose Conway MacKenzie &
Dunleavy as their financial advisor, and Kurtzman Carson
Consultants LLC serves as the Debtors' claims, noticing, and
balloting agent.

When the Debtor filed for protection from its creditors, it listed
consolidated estimated assets and debts of $100 million to $500
million.  (Greektown Casino Bankruptcy News, Issue No. 11;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


GREEKTOWN CASINO: Holdings LLC's July 2008 Operating Report
-----------------------------------------------------------

                      Greektown Holdings, LLC
                          Balance Sheet
                       As of July 31, 2008

ASSETS
Cash                                                         $0
Inventory                                                     0
Accounts receivable                                           0
Insider Receivables                                   2,892,586

Property and Equipment
  Land and buildings                                          0
  Furniture, fixtures and equipment                           0

Other Assets
  Financing Fees                                              0
  Notes receivables from affiliates                 356,528,756
  Investments in affiliate                          127,202,770
                                                 --------------
Total Assets                                       $486,624,112
                                                 ==============  

LIABILITIES AND STOCKHOLDER'S EQUITY
Postpetition liabilities:
  Accounts payable                                            -
  Rent and lease payable                                      -
  Wages and salaries                                          -
  Taxes payable                                               -
  Other                                                 800,000
                                                 --------------
  Total postpetition liabilities                        800,000

Secured liabilities subject to postpetition
collateral or financing order                       42,562,992
All other secured liabilities                       313,965,764
                                                 --------------
  Total secured liabilities                         356,528,756

Prepetition liabilities:
  Taxes and other priority liabilities                        0
  Unsecured liabilities                             210,278,390       
  Discount on bonds                                           0
                                                 --------------
  Total prepetition liabilities                     210,278,390

Kewadin equity                                      (99,399,127)
Monroe equity                                       (87,697,011)
Owner's capital                                         488,947     
Retained earnings prepetition                       116,601,907
Retained earnings postpetition                       (6,512,103)
                                                 --------------
Total stockholders' equity                          (80,983,034)
Total liabilities                                   567,607,146
                                                 --------------
Total Liabilities & Shareholders' Deficit          $486,624,112
                                                 ==============  

                    Greektown Holdings, LLC
                        Income Statement
               For the month ended July 31, 2008

Total revenue/sales                                          $0
Cost of sales                                                 0
                                                 --------------
Gross profit                                                  0

Operating Expenses
  Interest expense                                    1,657,292
  Accounting fees - credit                                    0
                                                 --------------
  Total expenses                                      1,657,292

Net operating profit/(loss)                                   0
Add: Non-operating income                                     0
     Interest income                                          0
     Other income                                             0

Less: Non-operating expenses                          4,757,508
      Professional fees                                       0
      Other                                                   0
                                                 --------------
Net Income(Loss)                                    ($6,414,799)
                                                 ==============

                     Greektown Holdings, LLC
                       Cash Flow Statement
                For the month ended July 31, 2008

Cash - beginning of month                                    $0

  Receipts                                                    0
  Balance available                                           0
                                                 --------------
  Less disbursements                                          0
                                                 --------------
Cash - end of month                                          $0
                                                 ==============


                     Greektown Casino LLC
                        Balance Sheet
                      As of July 31, 2008

ASSETS
Cash                                                $18,302,928
Inventory                                               404,442
Accounts receivable                                   5,295,977
Insider Receivables                                           0

Property and Equipment
  Land and buildings                                429,580,779
  Furniture, fixtures and equipment                  81,189,313

Accumulated Depreciation                           (132,118,708)
Other                                                13,881,859
Other                                               146,412,302
                                                 --------------
Total Assets                                       $562,948,892
                                                 ==============  

LIABILITIES AND STOCKHOLDER'S EQUITY
Postpetition liabilities:
  Accounts payable                                  $37,391,375
  Rent and lease payable                                      0
  Wages and salaries                                  1,906,185
  Taxes payable                                         286,655
  Other                                                 273,337
                                                 --------------
  Total postpetition liabilities                     39,857,552

Secured liabilities subject to postpetition
collateral or financing order                       42,562,992
All other secured liabilities                       313,965,764
                                                 --------------
  Total secured liabilities                         356,528,756

Prepetition liabilities:
  Taxes and other priority liabilities                4,001,199
  Unsecured liabilities                              33,319,608       
  Other                                               2,039,008
                                                 --------------
  Total prepetition liabilities                      39,359,815

Equity:                                              47,646,859
Owner's capital                                               0
Retained earnings prepetition                        82,744,007
Retained earnings postpetition                       (3,188,097)
                                                 --------------
Total stockholders' equity                          127,202,769
                                                 --------------
Total liabilities                                   435,746,123
                                                 --------------
Total Liabilities & Shareholders' Deficit          $562,948,892
                                                 ==============  

                    Greektown Casino LLC
                       Income Statement
              For the month ended July 31, 2008

Total revenue/sales                                 $25,133,407
Cost of sales                                         2,133,822
                                                 --------------
Gross profit                                         22,999,585

Operating Expenses
  Officer compensation                                   82,374
  Salary expenses, other employees                    4,235,324
  Employees benefits & pensions                       2,085,206
  Payroll taxes                                         539,268
  Other taxes                                           513,396
  Rent and lease expense                                (22,928)
  Interest expense                                    2,014,496
  Insurance                                             187,133
  Automobile & truck expense                                  0
  Utilities                                             270,262
  Depreciation                                          432,662
  Travel and entertainment                                4,637
  Repairs and maintenance                                31,401
  Advertising                                           504,924
  Supplies, office expense, etc.                         11,688
  Gaming taxes                                        6,704,375
  G&A expenses                                        2,783,905
  F&B expenses                                          548,815
  MGCB Fee                                              818,866
  Parking/other                                      27,773,085
                                                 --------------
  Total expenses                                     21,773,085

Net operating profit/(loss)                           1,226,500
Add: Non-operating income                                     0
     Interest income                                     20,170
     Other income                                             0

Less: Non-operating expenses                                  0
      Professional fees                                 917,362
      Other                                             131,236
                                                 --------------
Net Income(Loss)                                       $198,072
                                                 ==============

                    Greektown Casino LLC
                     Cash Flow Statement
               For the month ended July 31, 2008

Cash - beginning of month                           $20,238,700

  Receipts                                           33,407,363
  Balance available                                  53,646,063
                                                 --------------
  Less disbursements                                 48,007,359
                                                 --------------
Cash - end of month                                  $5,638,704
                                                 ==============

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

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

The company and seven of its affiliates filed for Chapter 11
protection on May 29, 2008 (Bankr. E.D. Mich. Lead Case No. 08-
53104).  Daniel J. Weiner, Esq., Michael E. Baum, Esq., and Ryan
D. Heilman, Esq., at Schafer and Weiner PLLC, represent the
Debtors in their restructuring efforts.  Judy B. Calton, Esq., at
Honigman Miller Schwartz and Cohn LLP, represents the Debtors as
their special counsel.  The Debtors chose Conway MacKenzie &
Dunleavy as their financial advisor, and Kurtzman Carson
Consultants LLC serves as the Debtors' claims, noticing, and
balloting agent.

When the Debtor filed for protection from its creditors, it listed
consolidated estimated assets and debts of $100 million to $500
million.  (Greektown Casino Bankruptcy News, Issue No. 11;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


INTERSTATE BAKERIES: Monthly Operating Report Ended July 26, 2008
-----------------------------------------------------------------

         Interstate Bakeries Corporation and Subsidiaries
          Unaudited Consolidated Monthly Operating Report
                 Four Weeks Ended July 26, 2008

REVENUE

Gross Income                                        $218,883,863
Less Cost of Goods Sold
   Ingredients, Packaging & Outside Purchasing        67,173,632
   Direct & Indirect Labor                            35,966,455
   Overhead & Production Administration               11,661,385
                                                   -------------
      Total Cost of Goods Sold                       114,801,472
                                                   -------------
      Gross Profit                                   104,082,391
                                                   -------------
OPERATING EXPENSES

Owner-Draws/Salaries                                           0
Selling & Delivery Employee Salaries                  47,924,023
Advertising and Marketing                              2,146,558
Insurance (Property, Casualty, & Medical)             11,812,078
Payroll Taxes                                          4,273,703
Lease and Rent                                         2,834,861
Telephone and Utilities                                1,094,829
Corporate Expense (Including Salaries)                 7,070,800
Other Expenses                                        30,764,466
                                                   -------------
      Total Operating Expenses                       107,921,318
                                                   -------------

EBITDA                                                (3,838,927)

Restructuring & Reorganization Charges                (1,820,581)
Depreciation and Amortization                          4,646,988
Abandonment                                              167,758
Property & Equipment Impairment                                0
Other (Income)/Expense                                     2,787
Gain/Loss Sale of Property                                     0
Interest Expense                                       4,515,662
                                                   -------------
      Operating Income (Loss)                        (11,351,541)
Income Tax Expense (Benefit)                            (26,819)
                                                   -------------
NET Income (Loss)                                   ($11,324,722)
                                                   =============

CURRENT ASSETS
   Accounts Receivable at end of period             $133,967,183
   Increase (Dec.) in Accounts Receivable                 77,728
   Inventory at end of period                         61,138,867
   Increase (Decrease) in Inventory for period        (3,374,334)
   Cash at end of period                              20,983,417
   Increase (Decrease) in Cash for period                884,252
   Restricted Cash                                    21,064,873
   Increase (Dec.) in Restricted Cash for period          13,052

LIABILITIES
   Increase (Decrease) in Liabilities
      Not Subject to Compromise                        4,417,153
   Increase (Decrease) in Liabilities
      Subject to Compromise                              (14,544)
   Taxes payable:
      Federal Payroll Taxes                            4,170,082
      State/Local Payroll Taxes                        1,146,128
      State Sales Taxes                                  857,559
      Real Estate and Personal Property Taxes          7,751,391
      Other                                            2,961,481
                                                   -------------
      Total Taxes Payable                            $16,886,641
                                                   =============

Headquartered in Kansas City, Missouri, Interstate Bakeries
Corporation is a wholesale baker and distributor of fresh-baked
bread and sweet goods, under various national brand names,
including Wonder(R), Baker's Inn(R), Merita(R), Hostess(R) and
Drake's(R).  Currently, IBC employs more than 25,000 people and
operates 45 bakeries, as well as approximately 800 distribution
centers and approximately 800 bakery outlets throughout the
country.

The company and eight of its subsidiaries and affiliates filed for
chapter 11 protection on Sept. 22, 2004 (Bankr. W.D. Mo. Case No.
04-45814).  J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors
in their restructuring efforts.  When the Debtors filed for
protection from their creditors, they listed $1,626,425,000 in
total assets and $1,321,713,000 (excluding the $100,000,000 issue
of 6% senior subordinated convertible notes due Aug. 15, 2014) in
total debts.  The Debtors' filed their Chapter 11 Plan and
Disclosure Statement on Nov. 5, 2007.  Their exclusive period to
file a chapter 11 plan expired on November 8.  On Jan. 25, 2008,
the Debtors filed their First Amended Plan and Disclosure
Statement.  On Jan. 30, 2008, the Debtors received Court approval
of the First Amended Disclosure Statement.

IBC confirmed that it has not received any qualifying alternative
proposals for funding its plan of reorganization in accordance
with the Court-approved alternative proposal procedures.  As a
result, no auction was held on Jan. 22, 2008, as would have been
required under those procedures.  The deadline for submission of
alternative proposals was Jan. 15, 2008.  A new plan filing
deadline was set for June 30, 2008; no plan was filed as of that
date.

(Interstate Bakeries Bankruptcy News, Issue No. 107; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000).


LANDSOURCE COMMUNITIES: Files Assets and Debts Schedules
--------------------------------------------------------
LandSource Communities Development LLC submitted its schedules
of assets and liabilities, disclosing:

A.     Real Property                                       None

B.     Personal Property
B.1    Cash on hand                                        None
B.2    Checking, savings, other financial accounts
          Bank of America                            $6,374,491
          JP Morgan Chase                               104,956
          JP Morgan Chase                                     0
B.3    Security deposits                                   None
B.4    Household goods and furnishings                     None
B.5    Books, pictures, other art objects                  None
B.6    Wearing apparel                                     None
B.7    Furs and jewelry                                    None
B.8    Hobby equipments                                    None
B.9    Interest in insurance policies                      None
B.10   Annuities                                           None
B.11   Interest in an Education IRA                        None
B.12   Interest in pension or profit sharing plans         None
B.13   Stock and interest in businesses                    None
B.14   Interest in partnerships
          100% ownership of LandSource
            Holding Company, LLC                   Undetermined
B.15   Government and corporate bonds                      None
B.16   Accounts Receivable                                 None
B.17   Alimony                                             None
B.18   Other Liquidated Debts                              None
B.19   Equitable or future interests                       None
B.20   Other Contingent & Unliquidated Claims              None
B.21   Intellectual Property
          Lennar Homes of California, Inc.              Unknown
          LNR NWHL Holdings, Inc.                       Unknown
          LNR Land Partners Sub, LLC                    Unknown
B.22   Patents                                             None
B.23   General intangibles                                 None
B.24   Customer lists                                      None
B.25   Vehicles                                            None
B.26   Accessories                                         None
B.27   Aircraft and accessories                            None
B.28   Office equipment, furnishings and supplies          None
B.29   Machinery                                           None
B.30   Inventory                                           None
B.31   Animals                                             None
B.32   Crops                                               None
B.33   Farming equipments                                  None
B.34   Farm supplies                                       None
B.35   Other Personal Property                             None

       TOTAL SCHEDULED ASSETS                        $6,479,447
       ========================================================

C.     Property Claimed as Exempt                          None

D.     Secured Claims
          Barclays Bank                           1,034,812,745
          Bank of New York                         $249,877,767
         
E.     Unsecured Priority Claims
          State of California Franchise Tax Board            56

F.     Unsecured Non-priority Claims
          Lennar Homes of CA                         12,833,978
          LNR Property Corporation                    5,367,650
          MWHP                                          447,767
          Newhall Land & Farming                        199,975
          Gary H. Hunt Group                              6,667
          Bellinger & Dewolf, LLP                         5,518
          State of Delaware                                 600
          Clifford Change                                   470
          AT&T Mobility                                      93
          Bank of America                          Undetermined

       TOTAL SCHEDULED LIABILITIES               $1,303,553,285
       ========================================================

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. 12;
http://bankrupt.com/newsstand/or 215/945-7000).


LANDSOURCE COMMUNITIES: Newhall Land Files Schedules
----------------------------------------------------
The Newhall Land and Farming Company (A California Limited
Partnership), debtor-affiliate of LandSource Communities
Development LLC, submitted its schedules of assets and
liabilities, disclosing:

A.     Real Property
          Newhall Ranch, Homestead                 $218,780,433
          Newhall Ranch, Potrero Valley             144,098,230
          Newhall Ranch, Mission Village            104,371,389
          Newhall Ranch, Landmark Village            83,588,762
          Valencia, Entrada                          70,458,539
          Valencia, RiverVillage                     47,355,886
          Valencia, West Hills A                     43,923,206
          Valencia, Villa Metro                      17,408,989
          Newhall Orchard                            16,662,867
          Valencia Commerce Center                   16,328,571
          PM 13331 (Old Road)                         6,544,806
          Infrastructure, net - unallocated           6,510,711
          Dry Land Grazing                            5,333,818
          Valencia, Castaic Mesa                      4,449,246
          Valencia, Castaic Acreage                   2,095,428
          Old Home Finding Center- Old Info Center    1,157,610
          Valencia, Wiley                               142,870
          Valencia, Camino Viejo                        471,301
          Castaic Teardrop                              238,117
          Irrigation Pipeline                           168,073
          Wells                                         135,856
          Transit Center                                 93,552
          Surface Irrigation Pipe                        66,068
          Orange Trees                                   26,304
          Lemon Trees                                    24,672
          Well Pumps & Motors                            11,582
          Edison Easements                                    0

B.     Personal Property
B.1    Cash on hand
          Petty cash                                      1,529
B.2    Checking, savings, other financial accounts
          Bank of America                             1,642,574
          Wells Fargo Advantage Funds                   198,161
          Citibank                                        9,645
          Wells Fargo Bank                                    4
          JP Morgan Chase                                     0
B.3    Security deposits
          LA Dept. of Public Works                    3,500,000
          Southern California Edison                    116,500
          Federal Express                                   600
B.4    Household goods and furnishings                     None
B.5    Books, pictures, other art objects                  None
B.6    Wearing apparel                                     None
B.7    Furs and jewelry                                    None
B.8    Hobby equipments                                    None
B.9    Interest in insurance policies
          Allied World Assurance                              0
          Axis Surplus Insurance                              0
          Essex Insurance Co.                                 0
          Federal Insurance Co.                               0
          Hartford Casualty Insurance                         0
          Insurance Co of State of PA                         0
          Landmark American Insurance                         0
          Lantana Insurance Ltd                               0
          Lloyds of London                                    0
          National Union Fire Insurance                       0
          Praetorian Insurance                                0
          San Felipe Indemnity Co Ltd                         0
          Travelers Indemnity Co.                             0
B.10   Annuities                                           None
B.11   Interest in an Education IRA                        None
B.12   Interest in pension or profit sharing plans         None
B.13   Stock and interest in businesses
          100% Stake in:
            California Land Company                     Unknown
            The Newhall Land and Farming Company        Unknown
            Valencia Realty Company                     Unknown
            Valencia Water Company                      Unknown
            Valencia Corporation                        Unknown
B.14   Interest in partnerships
          Tournament Players Club at Valencia, LLC    2,400,289
B.15   Government and corporate bonds                      None
B.16   Accounts Receivable
          Tournament Players Club at Valencia, LLC    1,955,281
          Lennar Homes of California (Urban Regional) 1,093,368
          Valencia Commerce Center Assoc.               619,761
          California Dept of Transportation             163,472
          Lennar Homes of California (LA Ventura
            Homebuild Division)                         309,506
          Stevenson Ranch Venture, LLC                   55,309
          LA County Department of Public Works           40,300
          Lennar Homes of California (Southern
            CA Urban Division)                           23,697
          Lennar Communities, Inc. (LA Land
            Division)                                    20,812
          SCV Automobile Dealer's Association            20,413
          Ashdon Development                             11,335
          Boskovich Farms                                15,068
          Saticoy                                         9,281
          BBB Industries                                  6,660
          Lennar Homes of California (Bay Area
            Division)                                     6,231
          Lennar Corporation                              2,037
          Chiquita Canyon Landfill                        5,032
          Taylor & Borruel I, LLC                         3,008
          Lennar Corporation (Los Angeles Benefits)       2,846
          USA Ag Supplies                                 1,019
          Deardorff-Jackson                               1,712
          Valley Crest                                      998
          Lennar Homes of California (Bakersfield
            Homebuild Division)                             519
          Valley Sod Farms                                  421
          Lennar Homes of California (Northern
          Urban Division)                                   389
          Underwood Ranches                                 172
          Francisco Moreno                                   11
B.17   Alimony                                             None
B.18   Other Liquidated Debts
         Sterling Gateway, L.P.                         412,930
         County of Los Angeles                           54,702
         Cal Fran Engineering                             2,390
         OCB Reprographics                                  885
         United Imaging Inc                                 107
B.19   Equitable or future interests                       None
B.20   Other Contingent & Unliquidated Claims              None
B.21   Intellectual Property
          County of Los Angeles - Property
          Tax Refund                                    Unknown
          Landmark Insurance - Settlement
          for 2007 fire damag                           Unknown
          Landmark Insurance - Settlement
          for 2005 fire damag                           Unknown
B.22   Patents
          See http://ResearchArchives.com/t/s?31cf     Unknown
B.23   General intangibles
          California Contractors License # 878388       Unknown
B.24   Customer lists                                      None
B.25   Vehicles
          Ford F150, 4WD                                 18,564
          Ford Ranger, 4WD                               15,497
          Ford Ranger, 4WD                               14,761
          Ford Ranger, 4WD                               14,619
          Ford Ranger, 2WD                               12,344
          Ford Ranger, Ext                               11,049
          Ford F150, 2WD                                  9,065
          Ford Ranger, 4WD                                5,744
          Ford Explorer                                   3,684
          Ford F250                                       2,807
          Ford 150                                        2,524
          Big Tex Trailer                                     0
          Chevrolet Suburban                                  0
          Chevrolet Tahoe                                     0
          Ford Explorer                                       0
          Ford Explorer XL                                    0
          Ford 150 4x4                                        0
          Ford F450                                           0
          Ford Ranger                                         0
          Ford Ranger 4x4                                     0
          Ford Ranger XL 4                                    0
          Ford Water Truck                                    0
          GMC Dump Truck                                      0
          Hillsboro Gooseneck Flatbed Trailer                 0
          International Flat Bed Truck                        0
          Miller FB Trailer                                   0
          Office Trailer                                      0
          Ramik Hose Trailer                                  0
          Ramik Hose Trailer                                  0
          Texas Bragg Utility Trailer                         0
          Trailer, Construction                               0
          Utility Trailer                                     0
          Western World 7x18 Rancher Trailer                  0
B.26   Accessories                                         None
B.27   Aircraft and accessories                            None
B.28   Office equipment, furnishings and supplies
          Computer Hardware & Software                  308,256
          Telephone System                               81,484
          Office Supplies On Hand                        61,000
          Mailing System                                  8,187
          Office Equipment-Misc                               0
          Office Furniture                                    0
B.29   Machinery                                           None
B.30   Inventory                                           None
B.31   Animals                                             None
          Cattle, 150 head                                3,428
B.32   Crops
          Citrus Trees (273 acres)                      203,273
          Livestock range                                78,383
          Alfalfa Crop (82 acres)                        63,247
          Irrigated pastures (259 acres)                 50,495
          Dryland Crops (1,140 acres)                    43,529
          Fallow (411 acres)                             32,895
B.33   Farming equipments
          Fence                                         594,568
          Caterpillar Backhoe Loader 416                 61,665
          John Deere Tractor 5,525                       37,616
          John Deere Tractor Grain Drill                 27,291
          John Deere Tractor 5,205                       19,788
          Caterpillar Tractor 65E Challenger             19,543
          FLX II Grass Drill Plow                        11,470
          Manure Spreader 3106SD                          8,664
          Caterpillar Booster Pump C4.4                   8,204
          Caterpillar Booster Pump C4.4                   8,204
          Caterpillar Booster Pump C4.4                   8,204
          New Holland Tractor                                 0
          NH Baler BB900                                      0
          Randell RW Spreader                                 0
          Rhino Rotary Mower                                408
B.34   Farm supplies                                       None
B.35   Other Personal Property
          Newhall Ranch Water Rights                 13,324,752
          Approved Credits in Valencia Bridge &
          Thoroughfare District                       5,393,518
          Unapproved Credits in Valencia Bridge &
          Thoroughfare District                       4,527,433     
          Prepaid Insurance                           1,161,003
          Approved Credits in Bouquet Bridge &
          Residential Fire Fees                       1,311,541      
          Thoroughfare District                       1,044,951
          Prepaid Expenses - Western Golf               300,000
          Approved Credits in Transit District          195,000
          Prepaid Benefits                              127,639
          Prepaid Permit/Plan Check Fees                 81,964
          Prepaid Bond Premiums                          53,231
          Prepaid Maintenance Contracts &
            Subscriptions                                45,256
          Prepaid So. Cal. Edison Prop License Fee       22,317
          Prepaid Rent                                   18,483
          Prepaid Postage                                14,490
          Prepaid Vehicle Maintenance Service             4,011
          Mineral Rights                                Unknown

       TOTAL SCHEDULED ASSETS                      $832,631,914
       ========================================================

C.     Property Claimed as Exempt                          None

D.     Secured Claims                                      
         Barclays Bank - First Lien Debt         $1,034,812,747
         Bank of New York - Second Lien Debt        249,877,767
         Altfillisch Contractors Inc                  2,189,864
         Canawill, Inc                                1,466,138
         Hunsaker and Associates                      1,039,050
         Ward Corporation                             1,374,496
         John Burgeson Contractors Inc                1,317,668
         Park West Landscape, Inc                     1,245,033
         Psomas                                       1,007,374
         RC Becker and Son, Inc                       1,235,495
         Sam Hill & Sons, Inc                           989,081
         Oakridge Landscape Inc                         871,904
         R&R Pipeline                                   629,476
         Golden State Fence Company                     543,395
         Pacific Advanced Civil Engineering Inc         471,946
         American Heritage Landscape LP                 393,908
         Independent Construction Co.                   378,298
         CA Rasmussen Inc                               272,790
         The Jasper Companies, Inc                      242,047
         Golden Eagle Construction Corporation          202,922
         E Rosen Construction Inc                       193,850
         Nature-Gro Corporation                         152,844
         URS Corporation                                137,005
         Holliday Rock Co Inc                           120,008
         Valley Crest Tree Company                      112,522
         T&D Electric                                   102,559
         ENGEO Incorporated                              75,786
         S&S Seeds                                       74,913
         Crown Door Inc                                  69,070
         Royal Capital Trading                           61,073
         Olsen Custom Building                           52,290
         Samrod Corporation                              41,925
         Service Rock Products                           37,411
         Southwest V-Ditch Inc.                          32,770
         W.D. Young & Sons                               31,465
         R&R Palacios Construction                       31,232
         Wright Sawing & Breaking                        27,915
         Craneveyor Corp.                                23,511
         State Ready Mix, Inc.                           22,101
         Carpet Clearance Warehouse                      17,988
         Ruane Heating & Air Conditioning Company        14,180
         Champion Crane Rental, Inc                      13,818
         Boething Treeland Farms, Inc                    12,585
         Eschrich General Engineering In                 11,600
         Thomas Partitions & Specialties, Inc.           11,377
         Rain for Rent 39 (Santa Paula)                  11,051
         Davis Wholesale Electric                         9,991
         Sierra Cascade Construction Inc                  6,319
         Sunbelt Rentals Company                          5,907
         Brothers Nursery Inc                             4,690
         Angelus Block Co. Inc                            4,187
         Star Inspection Services Inc                     3,975
         Grimes Rock, Inc                                 3,346
         Valley Base Materials                            2,453
         Sunny Slope Trees                                2,057
         Pacific Coast Nursery                            2,845
         Newman and Sons                                  1,777

E.     Unsecured Priority Claims
         Employee # 1135                                154,758
         Employee # 1077                                114,483
         Employee # 1085                                106,735
         Redacted                                       100,000
         Employee # 1230                                 96,566
         Employee # 1066                                 90,448
         Employee # 1142                                 81,688
         Employee # 1102                                 79,409
         Employee # 1224                                 78,825
         Employee # 1164                                 76,737
         Employee # 1106                                 76,562
         Employee # 1115                                 75,412
         Employee # 1146                                 56,448
         Employee # 1073                                 54,068
         Employee # 1072                                 52,954
         Employee # 1067                                 49,555
         Employee # 1075                                 47,244
         Employee # 1165                                 46,586
         Employee # 1083                                 40,154
         Employee # 1384                                 40,084
         Employee # 1024                                 36,689
         Employee # 1091                                 34,580
         Employee # 1144                                 33,332
         Employee # 1120                                 31,317
         Employee # 1392                                 25,471
         Employee # 1006                                 25,873
         Employee # 1055                                 25,789
         Employee # 1010                                 25,593
         Employee # 1022                                 24,582
         Employee # 1030                                 22,710
         Employee # 1393                                 22,070
         Employee # 1435                                 21,517
         Employee # 1429                                 21,385
         Employee # 1149                                 18,847
         Employee # 1027                                 17,657
         Employee # 1033                                 16,282
         Employee # 1220                                 15,315
         Employee # 103678                               14,312
         Employee # 1047                                 13,980
         Employee # 1453                                 11,869
         Employee # 1436                                 12,510
         Employee # 1252                                 10,965
         Employee # 1052                                 10,762
         Employee # 1162                                  9,742
         Employee # 1218                                  9,400
         Employee # 1095                           Undetermined
         Employee # 1107                           Undetermined
         Employee # 1099                           Undetermined
         Employee # 162400                         Undetermined
         Employee # 1246                           Undetermined
         Redacted                                  Undetermined

F.     Unsecured Non-priority Claims                   
        Altfillisch Contractors Inc                   2,094,158
        Oakridge Landscape, Inc                       1,138,967
        Sam Hill & Sons Inc                             961,250
        Hunsaker & Associates                           913,927
        Psomas & Associates                             897,646
        RC Cecker & Son, Inc                            772,731
        CH2M Hill, Inc                                  710,063
        City of Santa Clarita                           750,000
        R&R Pipeline, Inc                               648,899
        RT Frankian & Associates                        588,078
        John Burgeson Contractors, Inc                  522,380
        Park West Landscape Inc                         498,025
        Dudek & Associates Inc                          481,151
        Pacific Advanced Civil Engineering              443,188
        Granite Construction                            405,187
        Allan E. Seward Engineering Geology, Inc        396,979
        Lennar Homes of California (Urban Regional)     386,299
        Independent Construction Company                378,298
        American Heritage Landscape LP                  376,034
        Oberg Contracting Corp                          354,757
        CF Engineering                                  320,204
        HRP Studio                                      278,381
        New Turf Construction Inc                       249,782
        CA Rasmussen Inc                                240,997
        Golden Eagle Construction                       196,834
        The Jasper Companies Inc                        194,947
        Ward Corporation                                191,215
        The Collaborative west, Inc                     188,666
        LNR CPI Valencia Town Center Office LLC         183,467
        E. Rosen Construction Inc                       179,782
        County Sanitation Districts of Los
        Angeles County                                  173,627
        Downey Brand LLP                                171,654
        Los Angeles County Sanitation                   170,657
        Bakersfield Well & Pump Company                 163,835
        CSI Electrical Contractors Inc                  163,044
        Lennar Homes of California (Southern CA
        Urban Division)                                 158,999
        Nature-Gro                                      137,842
        URS Corp                                        137,005
        Valley Crest Tree Company                       131,517
        T&D Electric                                    118,862
        Philip Williams & Associates, Ltd               115,553
        The Masonry Group Calif Central Inc             110,465
        Impact Sciences Inc                             108,505
        DMJM & Harris Inc                               105,882
        Camarillo Engineering                           105,106
        William Hezmalhalch Architects, Inc              99,573
        Santa Clarita Concrete                           91,221
        Golden State Fence Co                            87,964
        Alliance Land Planning & Engineering, Inc        87,212
        Gatzke, Dillon & Balance                         86,536
        RM Construction                                  85,587
        Environ International Corporation                84,437
        HPS Mechanical                                   83,647
        Barbour                                          80,000
        Steiny & Company                                 77,302
        Berco Oil Company                                75,151
        Goodwin Procter LLP                              77,123
        Dexter Wilson Engineering                        71,968
        RMC Inc                                          67,913
        Metropointe Engineers Inc                        65,198
        Leighton And Associates, Inc                     64,121
        Engeo Incorporated                               60,442
        Sierra Cascade Construction Inc                  57,342
        Nossaman, Gunther, Knox & Elliott, LLP           56,851
        Continental Grading Company                      54,824
        Colombo Construction Company                     54,616
        Classic Iron Craft                               54,352
        Edwards General Engineering Inc                  53,618
        Paul, Hastings, Janofsky & Walker LLP            51,919
        Fence Factory                                    51,642
        Austin Foust Associates, Inc                     51,588
        Hanes & Associates Inc                           50,900
        Western Farm service, Inc                        49,886
        Geosyntec Consultants                            49,703
        Sikand Engineering Associates                    49,405
        Southern California Edison                       48,241
        Entrix, Inc                                      46,635
        Willdan                                          44,140
        Valencia Water Company                           41,527
        AT&T                                             41,479
        Golden West K-9 Inc                              39,586
        Total Site Maintenance                           39,536
        Caterpillar Financial Services                   37,746
        Sheppard Mullin Richter & Hampton LLP            37,323
        Trademark Concrete Systems Inc                   35,990
        The Planning Center                              35,929
        T.Y. Lin International                           34,131
        Evans & Sons Inc                                 33,889
        Weston Mason Marketing                           33,872
        Blackwell Construction Inc                       33,753
        Valleycrest Landscape Development Inc            33,104
        Loeb & Loeb                                      32,667
        R&R Palacios construction Inc                    31,232
        HRP Landesign                                    31,176
        The MWW Group                                    30,300
        Orrick, Herrington & Sutcliffe, LLP              30,146
        Flsmidth Rahco Inc                               29,500
        Pinnacle Land Surveying                          29,092
        Pacific Coast Civil Inc                          28,179
        Reh Contracting Company Inc                      26,664
        Architects Orange                                25,952
        PKF Consulting Inc                               24,726
        Laer Pearce and Associates                       24,337
        David George & Associates Inc                    23,929
        Poliquin kellogg Design Group                    23,846
        Los Angeles Times                                22,868
        BJ Palmer & Associates                           21,352
        Nickel Family, LLC                               21,980
        Homebuyers Guide                                 21,705
        B&W Pipeline, Inc                                20,800
        Gsi Water Solutions Inc                          19,648
        Zimmerman Group Inc                              19,380
        Richard Johnson & Associates                     18,690
        Irell & Manella LLLP                             18,424
        Newhall School District                          17,824
        Tom Hoch Interior Designs Inc                    17,817
        Henkels & Mccoy, Inc                             16,500
        Heritage Landscape, Inc                          16,462
        Gibbs And Associates                             16,333
        Deloitte & Touche LLP                            15,500
        Sterndahl Enterprises, Inc                       15,228
        Cox, Castle & Nicholson                          14,361
        Britz Fertilizers, Inc                           12,839
        CBS Outdoor                                      12,588
        Compliance Biology                               12,686
        Penfield & Smith                                 12,240
        Gausman & Moore Association Inc                  11,960
        Hydro-Scape Products, Inc                        11,920
        Flotek, Inc                                      11,652
        Nadel Architects LLP                             11,442
        Government Relations Inc                         11,333
        Bloom Biological Inc                             10,223
        Old road Venture, LLC                            11,208
        Nordman, Cormany, Hair & Compton                 11,038
        Steve Kennedy                                    10,850
        Schwartz Oil Company Inc                         10,720
        National Community Renaissance of California     10,533
        National Plant Services Inc                      10,350
        Reliable Graphics                                10,039
        Provost & Pritchard                              10,117
        Andy Gump, Inc                                    9,882
        Los ANgeles County Dept. of Public Works          9,110
        Frma Design, Inc                                  9,024
        Seacon Construction                               8,754
        Aquatic Consulting Services, Inc                  7,312
        Brownstein Hyatt Farber Schreck LLP               7,133
        Clean Touch Janitorial Inc                        6,741
        Docusource                                        6,423
        Hanley Wood Market Intelligence                   5,843
        Lennar Homes of California (LA
          Ventura Division)                               5,726
        Santa Clarita Water Division                      5,629
        Abtech Pacific                                    5,350
        Bright & Brown                                    5,267
        SC Real Estate Partners                           5,013
        Prime Publications Inc                            5,100
        Parker Properties Inc                             5,000
        Hasley Canyon Business Center LLC                 5,000
        Quinn Company                                     4,977
        James Gartner & Associates                        4,834
        R&t Cooper Electric, Inc                          4,453
        Homes & Land                                      4,650
        Alliance Wasatch I, LLC                           4,533
        Bank of America                                   4,507
        CTG Energetics Inc                                4,500
        The Signal                                        4,471
        Anacapa Geoservices                               4,469
        Pump Services Company, LLP                        4,286
        National Broadcasting Company                     4,250
        Traffic Operations                                4,236
        Santa Clarita Real State Partners                 4,167
        Buss-Shelger Associates                           4,000
        Trugreen Landcare                                 3,944
        Harrington, Foxx, Dubrow & Canter                 3,745
        The Ferguson Group                                3,721
        Southern California Gas Company                   3,572
        US Bancorp Office Equipment                       3,519
        Verizon Wireless                                  3,747
        Stay Green Inc                                    3,387
        Sun Community Newspapers                          3,335
        Corporate Carrots, Inc.                           3,307
        Stuewe And Sons Inc                               3,299
        K & S Air Conditioning                            3,191
        Boyle Engineering Corp                            3,183
        Al Furman & Sons Towing and Repair                3,170
        New Cingular Wireless                             3,000
        Sprint Cextel                                     3,000
        Classic Cartage Trucking Corp/Tri-R Trucking      2,800
        Ebensteiner Company                               2,758
        Wespac Management Group, Inc                      2,700
        California Strategies                             2,667
        Michael D Wokal General Contractor                2,592
        Bridge SC LLC                                     2,559
        Intelenet Communications                          2,527
        Kennedy Enterprises                               2,500
        Sage Staffing                                     2,333
        R.A. Atmore & Sons, Inc                           2,268
        Telepacific Communications                        2,238
        Who's Calling, Inc                                2,177
        Mike's Tire Man Inc                               2,140
        Otto & Sons Inc                                   2,078
        Others                                          223,941

       TOTAL SCHEDULED LIABILITIES               $1,326,191,227
       ========================================================

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. 12;
http://bankrupt.com/newsstand/or 215/945-7000).


LANDSOURCE COMMUNITIES: LandSource Holding Files Schedules
----------------------------------------------------------
LandSource Holding Company LLC, debtor-affiliate of LandSource
Communities Development LLC, submitted its schedules of assets
and liabilities, disclosing:

A.     Real Property
         Blackstone Village #4&6, El Dorado Hills   $42,239,899
         Blackstone Village #1, El Dorado Hills, CA  27,177,810
         Blackstone Village #18, El Dorado Hills     15,343,853
         Harveston - Emery - Danbury, Riverside, CA  15,118,220
         Blackstone Village #7, El Dorado Hills      14,863,599
         Greenbriar Falls, Monmouth, NJ              14,968,448
         Copper Canyon - Group 1, Layton, NV         14,463,452
         Greenbriar @ Cape May, Cape May, NJ         13,229,278
         Palm Ranch - Group 1, Tulare, CA            12,546,923
         Sun City / Sunshine Village, Tampa, FL      12,162,740
         Coachella, Riverside, CA                    12,000,001
         Westlake Village Greens, Sacramento, CA     11,928,694
         Palm Springs Classic, Riverside, CA         11,849,645
         Blackstone Village #5a, El Dorado Hills     11,422,984
         Harveston 1 - Barrington, Riverside, CA      8,260,001
         Mariposa, Contra Cosa, CA                    8,000,000
         Briggs @ Jefferson, Riverside, CA            7,801,550
         Damonte 5 - Village 4, Washoe, NV            5,991,202
         Lakes B the Bay, Miam-Dade County, FL        5,813,520
         The Gables & Meriwether, Orange, CA          5,416,426
         Damonte 5 - Village 5, Washoe, NV            5,010,928
         Damonte 5 - Village 1, Washoe, NV            3,958,998
         Damonte 5 - Village 2, Washoe, NV            3,911,894
         Kings Ridge Golf Course, Clermont, FL        3,849,056
         Damonte 5 - Village 3, Washoe, NV            3,553,421
         Rio Del Oro, Yuba, CA                        3,060,870
         Pioneer Meadows Village #2, Washoe, NV       2,852,195
         Mc Sweeny, Riverside, CA                     2,755,000
         Lincoln Crossings 6C, Placer, CA             2,329,412
         Terravista 112, Maricopa, AZ                 1,913,932
         Indian Palms 45's, Riverside, CA             1,193,081
         Indian Palms 50's, Riverside, CA               775,268
         Tamaron, Pinal, AZ                             701,549
         Terravista 1, Maricopa, AZ                     739,999
         Blackstone Village #3, El Dorado Hills
              [written in doc. as 16,111.392 ]

B.     Personal Property
B.1    Cash on hand
          Petty Cash                                        100
B.2    Checking, savings, other financial accounts
         Bank Atlantic                                  331,745
         Executive National Bank                        167,616
         Bank of America                                 21,353
B.14   Interest in partnerships
         100% Stake in:
           LandSource Communities Development Sub, LLC  Unknown
           Lennar Bressi Ranch Venture, LLC             Unknown
           Lennar Mare Island, LLC                      Unknown
           LNR-Lennar Washington Square, LLC            Unknown
           NWHL GP LLC                                  Unknown
           Southwest Communities Development, LLC       Unknown
         99% Stake in:
           Lennar Land Partners II                      Unknown
           The Newhall Land and Farming Company
             (A California Ltd. Partnership)            Unknown
B.15   Government and corporate bonds                      None
B.16   Accounts Receivable                                 None
         Kings Ridge Community Association               24,901
         Florida Sales Tax Overpayment                    3,738
         Golf Pac                                         2,074
         Golf Zoo                                           406
         Tee Times
51          
B.17   Alimony                                             None
B.18   Other Liquidated Debts
          Purchase Money Promissory Note             20,102,500
          Interest Receivable on Promissory Note        378,982
B.19   Equitable or future interests                       None
B.20   Other Contingent & Unliquidated Claims              None
B.21   Intellectual Property
          North American Title Company                  Unknown
          Kings Ridge Community Association             Unknown
B.29   Machinery
          Equipment and Furniture                        50,196

       TOTAL SCHEDULED ASSETS                      $328,287,509
       ========================================================

C.     Property Claimed as Exempt                          None

D.     Secured Claims
         Barclays Bank - First Lien Debt         $1,034,812,747
         Bank of New York - Second Lien Debt        249,877,767
         Lakes by the Bay South Communities           2,414,305
         Paul McDonnell Riverside County           Unliquidated

E.     Unsecured Priority Claims
         Paul McDonnell Riverside County                663,439
         Doug Belden, Tax Collector                     147,383
         Bob McKee, Lake County Tax Collector            49,686
         Lake County Tax Collector                       31,838
         Maricopa County Treasurer                       12,615
         Miami-Dade County Tax Collector                  6,080
         Florida Department of Revenue                    3,277
         LLP Clerk of the Circuit Court                      62
         Secretary of State Nevada                           53

F.     Unsecured Non-priority Claims
         Lennar Homes of CA                          50,288,321
         Lennar Homes, LLC                            1,001,458
         ICON Constructors, INC.                        482,372
         W. Jackson & Sons Construction Co.             445,988
         Downrite Engineering Corporation               340,785
         LLP W. Jackson & Sons Construction             283,609
         Bennett Grassing & Hay Farms                    46,337
         Breedlove, Dennis & Associates                  30,987
         Kings Ridge Community Assoc., Inc.              25,597
         Ford Engineers, Inc.                            22,877
         LLP Kearney Construction                        18,237
         Blackstone Master Association                   15,700
         LLP Heidt & Associates                          12,500
         The CIT Group                                    9,136
         Lincoln Crossing Community Association           7,130
         Heidt & Associates, Inc.                         7,702
         Dixie Landscape Co.                              5,263
         Baywinds Community Association                   5,225
         Duane Morris                                     5,044
         Customer Application Services, Inc.              4,500
         DFD of Miller Rd Improvement                     4,170
         Lesco Credit Services                            3,836
         Tamaron Homeowners Association                   3,835
         Turf Management                                  3,741
         The Orlando Sentinel                             3,264
         RC Dunn Oil Company                              2,838
         Kearney Construction                             2,323
         RBS Asset Finance                                2,111
         WescoTurf Supply, Inc.                           2,068
         Proplus Golf Services, Inc.                      2,032
         LLP Hillsborough Co.                             1,975
         Sumter Electric Cooperative                      1,845
         NFL Greenbriar Landscaping                       1,805
         Environmend                                      1,511
         Developers Resource Group                        1,312
         Lennar Homes Clermont Division                   1,089
         Home Depot Credit Services                       1,258
         NFL Lennar Land Partners                         1,064
         AT&T Advertising & Publishing                      912
         Harrells Fertilizer                                883
         Paradigm Engineering                               880
         Aim Window Cleaning & Janitorial Svc               830
         City of Clermont                                   558
         Bercow radell & Fernandez, P.A.                    550
         G&K Services                                       472
         SPRINT                                             465
         Miami - Dade D.E.R.M                               462
         Lake County Automotive, Inc.                       342
         Booth, Ern, Straughan & Hiott                      300
         Smith Aerial                                       227
         Precision Small Engine Co, Inc                     194
         Club Prophet Systems                               187
         Waste Management of Florida                        130
         Ford, Armenteros & Manucy, Inc                     123
         Armchem International, Corp                        104
         Florida Irrigation Supply, Inc.                    114
         Office Depot                                       120
         Winzer Corporation                                 131
         Kings Ridge Clubhouse                              100
         Polk, Donald                              Undetermined
         Randall, Howard                           Undetermined
         Santee, Donald                            Undetermined
         State of Florida Dept. of Transportation  Undetermined
         Tampa Palms North Owners Association      Undetermined
         Tirell, Maynard                           Undetermined
         Briarwood Capital LLC                     Undetermined
         Campbell, William                         Undetermined
         Floyd, Marquette                          Undetermined
         Fowler, Robert                            Undetermined
         Gerling America Insurance Co              Undetermined
         Gordon, Roy                               Undetermined
         Holzman, Seymour                          Undetermined
         Joseph Padron                             Undetermined
         Others                                           1,280

       TOTAL SCHEDULED LIABILITIES               $1,341,129,464
       ========================================================

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. 12;
http://bankrupt.com/newsstand/or 215/945-7000).


LANDSOURCE COMMUNITIES: Lennar Washington Files Schedules
---------------------------------------------------------
LNR-Lennar Washington Square, LLC, debtor-affiliate of LandSource
Communities Development LLC, submitted its schedules of assets and
liabilities, disclosing:

A.     Real Property
          Washington Square Los Angeles, CA         $79,687,732

B.     Personal Property
B.2    Checking, savings, other financial accounts
          Bank of America                                31,421
B.3    Security deposits
          The Gas Company                                 2,319
          LA Dept. of Water Works & Power                 1,380
B.35   Other Personal Property
          Prepaid Insurance - Los Angeles, CA           810,806
          Prepaid Property Taxes - Los Angeles, CA       27,952
          Prepaid Property Taxes - Solano County, CA     27,952
          
       TOTAL SCHEDULED ASSETS                       $80,589,562
       ========================================================

C.     Property Claimed as Exempt                          None

D.     Secured Claims
          Barclays Bank - First Lien Debt        $1,034,812,747
          Bank of New York - Second Lien Debt       249,877,767
          Dynamic Plumbing Commercial, Inc.        Unliquidated
          Helix Electronic, Inc.                   Unliquidated
          Southern Sun Construction Co. Inc.       Unliquidated
          Williams Mechanical, Inc.                Unliquidated

E.     Unsecured Priority Claims                           None

F.     Unsecured Non-priority Claims
          Southern Sun Constructions Co.              1,006,107
          Van Tilburg, Banvard & Soderbergh              98,151
          Leighton and Associates                        59,803
          Hall & Forman, Inc.                            47,247
          The Lee Group, Inc.                            34,285
          The Westye Group                               32,132
          Lennar Urban Development Group                 30,409
          Los Angeles Times                              28,520
          Creative Design Consultants                    22,927
          Guard Systems, Inc.                            21,888
          Reliable Graphics                              20,992
          Carlin Environmental Consulting                16,146
          Samuels, Green & Steel LLP                     15,998
          Christensen, Glaser, Fink, Jaco                15,972
          Kovach Marketing                               13,042
          Lennar Urban Development Group                 11,329
          LA Dept. of Water and Power                    11,250
          R.T. Frankian & Associates                     10,577
          Daily Breeze                                    9,287
          Gold Coast West, LLC                            8,880
          La Jolla Pacific of CA, Ltd.                    7,983
          Homebuyers Guide Real State                     7,480
          Temps Plus Inc.                                 7,462
          Lennar Urban Development Group                  5,393
          Sign Image Inc.                                 5,132
          Nucoast Graphic Services, Inc.                  3,028
          Glenn R. Johnson Scale Models                   2,598
          Platinum Publications                           2,500
          The Argonaut Inc.                               2,485
          Oasis Appliance Corporation                     1,674
          J&J Model Home Care                             1,640
          The Korea Times                                 1,608
          ActiveQuest, Inc.                               1,059
          City of Los Angeles                             1,000
          Outdoor Dimensions                                589
          Netfinity, Inc.                                   850
          The MLS/CLAW                                      825
          Donald F. Dickerson Associates                    690
          Steve Wolf & Associates, Inc.                     551
          Robert Charles Lesser & Co                        385
          GE Capital                                        302
          Others                                            839
          PCL Construction Services                Undetermined
          John Martin & Associates                 Undetermined

       TOTAL SCHEDULED LIABILITIES               $1,286,261,529
       ========================================================

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. 12;
http://bankrupt.com/newsstand/or 215/945-7000).


LANDSOURCE COMMUNITIES: Lennar Mare Files Schedules
---------------------------------------------------
Lennar Mare Island, LLC, debtor-affiliate of LandSource Communities
Development LLC, submitted its schedules of assets and liabilities,
disclosing:

A.     Real Property
          Mare Island - Vallejo, Ca                 $65,498,492
          Building Improvements - Vallejo, CA         2,209,607
          Fixtures and Tenant
          Improvements - Vallejo, CA                    282,949

B.     Personal Property
B.1    Cash on hand
          Petty cash                                        500
B.2    Checking, savings, other financial accounts
          California Bank & Trust                     1,042,139
B.28   Office equipment, furnishings and supplies
          Furniture & equipment                          21,334
          Rental equipment                               19,632
B.35   Other Personal Property
          Prepaid Insurance - Mare Island, CA           806,385
          Prepaid Property Taxes - Solano County, CA     19,615

       TOTAL SCHEDULED ASSETS                       $69,900,654
       ========================================================

C.     Property Claimed as Exempt                          None

D.     Secured Claims
        Barclays Bank - First Lien Debt          $1,034,812,747
        Bank of New York - Second Lien Debt         249,877,767
        Bay Cities Paving and Gravel               Unliquidated
        Bigham Taylor Roofing                      Unliquidated
        CH2M Hill, Inc.                            Unliquidated
        Chaudary & Associates, Inc.                Unliquidated
        D.A. Pope Inc.                             Unliquidated
        Desilva Gates Construction                 Unliquidated
        East Bay Construction                      Unliquidated
        Engeo, Inc.                                Unliquidated
        Ghilotti Construction                      Unliquidated
        North Bay Construction                     Unliquidated
        Pacific States Environmental               Unliquidated
        Park West Landscape, Inc.                  Unliquidated
        Rainbow Waterproffing                      Unliquidated
        Smith Dimension Construction               Unliquidated

E.     Unsecured Priority Claims                           None

F.     Unsecured Non-priority Claims
        City of Vallejo                                 552,315
        Pacific States Environmental                    366,655
        North Bay Construction Inc                      190,328
        Lennar Communities NCU                          174,461
        East Bay Construction Company                   152,578
        Ghilotti Construction                           152,430
        Rainbow Waterproofing & Restoration             147,453
        Morrison & Foerster, LLP                        141,069
        Desilva Gates Construction                      124,540
        Smith Denison Construction Co                   120,164
        Chaudhary & Associates, Inc.                     97,025
        Ware Malcomb                                     72,997
        Bigham Taylor Roofing Corp                       65,976
        Esco Marine, Inc.                                50,000
        Island Energy                                    44,294
        CB Richard Ellis, Inc.                           42,548
        Wine Central LLC                                 37,638
        Universal Protection Service                     37,563
        CH2M Hill Constructors Dept                      35,210
        Alamillo Rebar, Inc.                             33,766
        Park West Landscaping, Inc.                      29,609
        Bill Neads                                       25,000
        Western Dovetail                                 25,000
        Carpenter Group                                  25,000
        Cagwin & Dorward Landscape                       23,404
        Treadwell & Rollo                                20,678
        C. S. Marine Constructors, Inc.                  19,200
        Cooper Crane & Rigging                           19,100
        Storage Mobility of CA, LLC                      17,500
        Matrix HG Inc                                    16,954
        Globalcrete LLC                                  15,600
        Roofing Supply Group, Inc.                       15,000
        Kennedy-Wilson SF Corp                           14,041
        Keadjian Associates                              13,500
        Klamath Boat, LLC                                11,618
        J V Lucas Paving Inc.                            10,750
        BDE Architecture (Berge, detmer, Ennis)          10,417
        Mark R. Nelson                                   10,000
        Performance Contracting, Inc.                    10,000
        C. B. Richard Ellis, Inc.                        10,000
        Marjorie L. Brown                                10,000
        Cable Moore, Inc.                                10,000
        Syar Industry                                    10,000
        North Bay Janitorial Services, Inc.               9,433
        Steiny & Company                                  9,265
        A Plus Tree Service                               8,038
        Granberg International, Inc.                      8,200
        Novo Construction                                 8,114
        Battlebots, Inc.                                  8,000
        Six Flags Marine World                            7,500
        Cox, Castle & Nicholson, LLP                      7,390
        EP Architectural Builders, Inc.                   7,044
        Orantes Architectural Metals. Inc                 7,000
        Arcmatic Automated Welding System                 7,000
        Expertees                                         7,000
        Triton Truck Repair                               6,800
        C.R. Fireline, Inc.                               6,725
        Sonrise Consolidated, Inc.                        6,276
        Eldon T. Peterson                                 6,174
        Tony Pennisi                                      6,000
        Valley Floor Company                              5,838
        Nextel of California, Inc.                        5,500
        Hal Pierce Electric Company, Inc.                 5,000
        Timothy Rose Artist                               5,000
        McCovey's                                         5,000
        Matteri Electric                                  4,959
        Industrial Field Labor                            4,681
        Packaging Arts                                    4,500
        Lucas Demolition, Inc                             4,320
        Pacific Bell Wireless                             4,000
        Red Barn Productions                              4,000
        Shining Star Children's House, Inc.               4,000
        Home Depot                                        3,000
        Magnolia Hospitality Group, Inc.                  3,000
        Newmeyer & Dillion, LLP                           3,518
        Paul Hastings Janofsky, & Walke                  34,769
        Vigilante Insurance Company et al          Undetermined
        Others                                           73,142

       TOTAL SCHEDULED LIABILITIES               $1,288,002,081
       ========================================================

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. 12;
http://bankrupt.com/newsstand/or 215/945-7000).


LEVITT & SONS: Files Operating Report for July 2008
---------------------------------------------------

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


Cash, beginning of period                            $1,778,905

Receipts:
  Cash sales                                                  0
  Collection on postpetition A/R                              0
  Collection on prepetition A/R                               0
  Other receipts                                          5,996
                                                 --------------
Total receipts                                            5,996

Total cash available for operations                   1,784,901

Disbursements:
  U.S. Trustee quarterly fees                                 0
  Net payroll                                             6,562
  Payroll taxes paid                                      2,576
  Sales and use taxes                                         0
  Other taxes                                                 0
  Rent                                                        0
  Other leases                                                0
  Telephone                                                   0
  Utilities                                               3,992
  Travel & entertainment                                      0
  Vehicle expenses                                            0
  Office supplies                                             0
  Advertising                                                 0
  Insurance                                                   0
  Purchases of fixed assets                                   0
  Purchases of inventory                                      0
  Manufacturing supplies                                      0
  Repairs & maintenance                                       0
  Payments to secured creditors                               0
  Other operating expenses                              411,428
                                                 --------------
Total cash disbursements                                424,559
                                                 --------------
Ending Cash Balance                                  $1,360,342
                                                 ==============
                      About Levitt and Sons

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

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

The Debtors have filed a Chapter 11 joint plan of liquidation.  
(Levitt and Sons Bankruptcy News; Bankruptcy Creditors' Service
Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


MERVYN'S LLC: Submits Initial Monthly Operating Report
------------------------------------------------------
Mervyn's LLC and its debtor-affiliates filed with the U.S.
Bankruptcy Court for the District of Delaware a 12-month
projected cash flow beginning August 2008 to July 2009:

                           Mervyn's LLC
                Projected Statement of Cash Flows
             For the Months August to November 2008
                          (In millions)

                              August  September October November
                              ------  --------- ------- --------
Net Income                      ($21)    ($14)    ($8)     ($11)
Depreciation and Amortization     (4)      (5)     (4)       (4)
Shared-based Compensation          0        0       0         0
Loss(gain) on sale of assets       0       (8)     (8)      (10)
Change in Deferred Financing       1        1       1         1  

Change in Assets/Liabilities:                           
Inventory                        (19)     (44)    (51)      (64)
Accounts receivable                1       (3)      2        (7)
Accounts payable                   2       30      19        60
Other current assets               1       (0)     (1)       (0)
Other A/P                          2       12       4        (2)
Accrued liabilities                4       (2)     (5)        5
Def Rent                           2        1       1         1
Other, net                        (0)      (2)     (0)       (0)
                               -----    -----   -----     -----
Change in Assets/Liabilities      30       (9)    (31)       (5)
                               -----    -----   -----     -----
Net Cash Flow from Operations     13      (25)    (41)       (1)
Capital Expenditures              (6)      (6)      1        (2)
Asset Sale Proceeds                -        8       8        10
Notes Payable                     (0)      (0)     (0)       (0)

Leasehold Interest Financing       -        -       -         -
DIP Financing fees/Costs           -        -       -         -
Capital Lease Obligations         (1)      (1)     (1)       (1)
                               -----   ------   -----     -----
Net Cash Flow before Revolver      6     (24)     (33)        8
    
                           Mervyn's LLC
                Projected Statement of Cash Flows
             For the Months December 2008 to March 2009
                          (In millions)
        
                              December  January  February  March
                              --------  -------  --------  -----
Net Income                        ($49)    ($36)     ($16)  ($12)
Depreciation and Amortization        6        4         4      6
Shared-based Compensation            0        0         0      0
Loss(gain) on sale of assets        (0)      (0)        -      -
Change in Deferred Financing         1        1         1      1

Change in Assets/Liabilities:
Inventory                          163        5       (45)    (1)
Accounts receivable                  9        2         1     (2)
Accounts payable                   (83)     (14)       45    (23)
Other current assets                 2        0         1      0
Other A/P                           10      (12)      (11)     8
Accrued liabilities                 29      (12)      (24)    (4)
Def Rent                             1        1         2      2
Other, net                          (2)      (0)       (0)    (0)
                                ------   ------      -----  -----
Change in Assets/Liabilities       129      (30)       (32)  (19)
                                ------   ------      -----  -----
Net Cash Flow from Operations      184      (61)       (42)   (24)
Capital Expenditures                (1)       6         (2)    (2)
Asset Sale Proceeds                  -        -          -      -
Notes Payable                       (0)      (0)        (0)    (0)  
Leasehold Interest Financing         -        -          -      -
DIP Financing fees/Costs             -        -          -      -
Capital Lease Obligations           (1)      (1)        (1)    (1)
                                ------   ------      -----  -----
Net Cash Flow before Revolver      182      (55)       (45)   (27)
                        
                         Mervyn's LLC
                Projected Statement of Cash Flows
             For the Months April to July 2009
                          (In millions)
                        
                               April      May    June     July
                               -----      ---    ----     ----
Net Income                     ($15)    ($12)     ($8)    ($17)
Depreciation and Amortization     5        5        6        5    
Shared-based Compensation         0        0        0        0    
Loss(gain) on sale of assets      -        -        -        -    
Change in Deferred Financing      1        1        1        1
Change in Assets/Liabilities                            
Inventory                         6       (0)       3      (23)  
Accounts receivable              (3)       1       (2)      (0)
Accounts payable                (16)      25       16        9
Other current assets              0        0       (0)      (3)
Other A/P                        (0)      13        0       (24)
Accrued liabilities              (5)       3        1        2
Def Rent                          2        2        2        2
Other, net                       (0)      (0)      (0)      (0)   
                               ------   ------   ------   ------   
Change in Assets/Liabilities    (17)      44       21      (37)
                               ------   ------   ------   ------
Net Cash Flow from Operations   (26)      37       19      (49)
Capital Expenditures             (2)      (2)      (2)      (2)
Asset Sale Proceeds               -        -        -        -   
Notes Payable                    (0)      (0)      (0)      (0)
Leasehold Interest Financing      -        -        -        -
DIP Financing fees/Costs          -        -        -        -   
Capital Lease Obligations        (1)      (1)      (1)      (1)
                               ------    -----    -----   -----
Net Cash Flow before revolver    (29)      34       16      (52)
                        
The Debtors also disclose that they paid an aggregate amount of
$831,500 for retainers:

               Professionals                    Amount          
               -------------                    ------
               Morgan, Lewis, Bockus          $500,000
               Richards Layton Finger          175,000
               Kurtzman Carson Consultants      96,500    
               Joele Frank-Williamson           60,000  
                                              --------          
                                      Total   $831,500  
                                             =========          

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

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

A full-text copy of the Initial Monthly Operating Report is
available for free at:

    http://bankrupt.com/misc/Mervyn%27sMOR.pdf

                          About Mervyn's LLC

Headquartered in the San Francisco Bay Area, Mervyn's LLC --
http://www.mervyns.com/-- provides a mix of top national brands
and exclusive private labels.  Mervyns has 176 locations in seven
states.  Mervyns stores have an average of 80,000 retail square
feet, smaller than most other mid-tier retailers and easier to
shop, and are located primarily in regional malls, community
shopping centers, and freestanding sites.

The company and its affiliates filed for Chapter 11 protection on
July 29, 2008, (Bankr. D. Del. Lead Case No.: 08-11586).  Howard
S. Beltzer, Esq., and Wendy S. Walker, Esq., at Morgan Lewis &
Bockius LLP, and Mark D. Collins, Esq., Daniel J. DeFranceschi,
Esq., Christopher M. Samis, Esq. and L. Katherine Good, Esq., at
Richards Layton & Finger P.A., represent the Debtors in their
restructuring efforts.  Kurtzman Carson Consultants LLC is the
Debtors' claims agent.  The Debtors' financial advisor is Miller
Buckfire & Co. LLC.  Mervyn's LLC has estimated assets of
$500,000,000 to $1,000,000,000 and estimated debts of $500,000,000
to $1,000,000,000 when it filed for bankruptcy.


PROGRESSIVE MOLDED: Submits Schedules of Assets and Debts
---------------------------------------------------------
Progressive Molded Products Inc. delivered its schedules of assets
and liabilities, disclosing:

A.   Real Property                                          None

B.   Personal Property
B.1  Cash on hand
       Petty Cash US$                                     $1,000
       Petty Cash US$                                      1,000
B.2  Bank Accounts                                      
        JPMorgan Chase Bank, N.A.                        221,222
        JPMorgan Chase Bank, N.A.                        304,257
        Nodaway Valley Bank                                2,221
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                                
        Acord Holdings LLC                                 7,842
        Commonwealth Regal Industries                     18,302
        Delphi Automotive Systems                          5,094
        Delphi Mechatronic Sys. 9571                      19,136
        Delphi Safety & Interior Sys                       3,661
        Ford Motor Company                             2,330,335
        Ford Motor Company                                   177
        General Motors Corporation                        54,128
        General Motors Corporation                     8,343,987
        GM Parts and Service GMSPO                        26,152
        Inteva Products, LLC                              12,742
        Inteva Products, LLC                              24,076
        Intier Automotive                                 37,176
        Intier Automotive                                  3,315
        Johnson Controls                                  86,398
        Kostal Mexicana S.A. De C.V.                      40,793
        Saturn Service Parts                              15,431
        Serigraph Inc.                                   160,447
        Toyoda Gosei North America                       113,239
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                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         
        Computer Equipment-STJOS                          83,688
        Computer Equipment-TEXAS                          63,602
        Office Equipment-STJOS                            22,558
        Office Equipment-TEXAS                            27,453
B.29 Machinery                                          
        Plant & Equipment-STJOS                        2,640,374
        Plant & Equipment-TEXAS                        6,488,679
B.30 Inventory
        Finished Goods - STJOS                           216,887
        Finished Goods - TEXAS                           309,748
        Quarantine - STJOS                                51,009
        Raw Material - STJOS                             824,462
        Raw Material - TEXAS                           4,717,765
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                       $27,278,357
        ========================================================        

C.   Property Claimed as Exempt                             None

D.   Secured Claims
        JPMorgan Chase Bank                           24,900,000
        JPMorgan Chase Bank                           20,400,000
        JPMorgan Chase Bank                           11,951,712
        JPMorgan Chase Bank                          219,686,952
        Wells Fargo Bank                              31,571,083

E.   Unsecured Priority Claims
        Employee Vacation Pay                            246,218
        Employee Wages                                   126,847
        Statutory Payroll Taxes                           11,996

F.   Unsecured Non-priority Claims
        Edgestone Capital Mezzanine Fund II, L.P.     21,272,660
        GS Mezzanine Partners III Offshore Fund L.P.  38,655,637
        GS Mezzanine Partners III Onshore Fund L.P.  115,737,726
        JPMorgan Chase Bank                           35,200,000
        MG Stratum Fund III, L.P.                     20,052,455
        Others                                       5,564,211

        TOTAL SCHEDULED LIABILITIES                 $545,377,497
        ========================================================    

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: Progressive Marketing Submits Schedules
-----------------------------------------------------------
Progressive Marketing Inc., debtor-affiliate of Progressive Molded
Products Inc., delivered its schedules of assets and liabilities,
disclosing:

A.   Real Property                                          None

B.   Personal Property  
B.1  Cash on hand                                       
        Petty Cash US$                                      $200
B.2  Bank Accounts                                      
        JPMorgan Chase Bank, N.A.                         78,297
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                                    None
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                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         
        Computer Equipment - PMI                               0
        Office Equipment - PMI                            44,260
B.29 Machinery                                              None
B.30 Inventory                                              None
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                          $122,757
        ========================================================

C.   Property Claimed as Exempt                             None

D.   Secured Claims     
        JPMorgan Chase Bank                          $24,900,000
        JPMorgan Chase Bank                           20,400,000
        JPMorgan Chase Bank                           11,951,712
        JPMorgan Chase Bank                          219,686,952
        Wells Fargo Bank                              31,571,083

E.   Unsecured Priority Claims  
        Employee Vacation Pay                            77,203
        Employee Wages                                   54,013
        Statutory Payroll Taxes                           3,920

F.   Unsecured Non-priority Claims      
        Edgestone Capital Mezzanine Fund II, L.P.     21,272,660
        GS Mezzanine Partners III Offshore Fund, L.P. 38,655,637
        GS Mezzanine Partners III Onshore Fund, L.P. 115,737,726
        JPMorgan Chase Bank                           35,200,000
        MG Stratum Fund III, L.P.                     20,052,455
        Crain's Detroit Business                              39
        Federal Express                                      855
        Forbes                                                30
        Ikon Office Solutions                                187
        
        TOTAL SCHEDULED LIABILITIES                 $539,564,470

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

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: Amends Schedules of Assets and Liabilities
------------------------------------------------------
Propex Inc. amended its Schedules of Assets and Liabilities
on August 12, 2008, changing the amount owed to Joseph F. Dana
relating to Deferred Compensation Plan to $0.

                        About Propex Inc.

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.

The Court extended the exclusive plan filing period of the Debtors
through Oct. 20, 2008, and their exclusive solicitation period
through Dec. 19, 2008.

As of June 29, 2008, the Debtors' balance sheet showed total
assets of $562,700,000, and total debts of $551,700,000.


PROPEX INC: Reflects Porous Materials Trade Claim in Schedules
--------------------------------------------------------------
Propex Inc. supplemented its Schedules of Assets and Liabilities
on July 30, 2008, to reflect a trade claim by Porous Materials,
Inc., for $1,550.

                        About Propex Inc.

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.

The Court extended the exclusive plan filing period of the Debtors
through Oct. 20, 2008, and their exclusive solicitation period
through Dec. 19, 2008.

As of June 29, 2008, the Debtors' balance sheet showed total
assets of $562,700,000, and total debts of $551,700,000.

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


PROPEX INC: Posts $16.1 Million Net Loss in Month Ended August 3
----------------------------------------------------------------

                         Propex Inc.
         Unaudited Condensed Consolidated Balance Sheet
                     As of August 3, 2008
                                                                        
ASSETS:                                                                 
Current Assets:                                                         
   Cash and cash equivalents                         $37,400,000
   Restricted Cash                                       700,000
   Accounts Receivable, net                          101,500,000
   Accounts Receivable claims-prepetition                      -
   Inventories, net                                  124,000,000
   Deferred income taxes                               8,700,000
   Prepaid expenses and other current assets          35,400,000
   Assets held for sale                                7,400,000
                                                     -----------
Total current assets                                 315,100,000
                                                                        
Other assets:                                                           
   Goodwill                                                    -
   Intangible assets, net                             16,600,000
   Deferred income taxes                                       -
   Investment in subsidiaries                                  -
   Intercompany notes receivable                               -
   Other assets                                        9,000,000
                                                     -----------
Property, plant and equipment, net                   211,900,000
                                                     -----------
Total assets                                        $552,600,000
                                                     ===========

LIABILITIES AND STOCKHOLDER'S EQUITY                                    
Current liabilities:                                                    
   Prepetition                                                       
     Accounts payable                                  7,900,000
     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                           300,000
   Postpetition                                         
     Accounts payable                                 35,500,000
     Accrued liabilities                              24,100,000
     Current portion of debt and accrued interest     36,200,000
     Accrued pension obligations                               -
     Restructuring and other similar costs               500,000
     Other current liabilities                         1,700,000
                                                     -----------
Total current liabilities                            490,400,000
                                                                        
Non-current liabilities:                                                
   Prepetition                                                          
     Accrued pension and other post-retirement
     benefit liabilities                              23,600,000
     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                              28,900,000
     Other non-current liabilities                     1,400,000
                                                     -----------
   Total non-current liabilities                      65,200,000
                                                                        
   Total stockholder's equity                                           
      Common stock                                             -
      Paid-in capital                                 96,300,000
      Accumulated other comprehensive income          29,400,000
      Retained earnings - prior year                 (88,200,000)
      Retained earnings - current year               (40,500,000)
                                                     -----------
   Total stockholder's equity                         (3,000,000)
                                                     -----------
   Total liabilities and stockholder's equity       $552,600,000

===========                                                                         
                                                                        
                          Propex Inc.
    Unaudited Condensed Consolidated Statements of Operations
                 For Month Ended August 3, 2008
                                                                       
Net revenue                                          $64,600,000
Cost of sales                                         59,200,000
                                                     -----------
   Gross profit                                        5,400,000
                                                                        
Operating expenses:                                                     
   Selling, general and administrative                 6,800,000
   Other(income) expense, net                           (700,000)
   Add Back depreciation and amortization              2,500,000
                                                                        
EBITDA                                                 1,800,000
Depreciation & Amortization                            2,500,000
Interest expense                                       2,400,000
Restructuring and similar costs                       12,600,000
Non-cash pension and other expense                       100,000
Other non-operating expense(income)                            -
   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                     (15,800,000)
       Income tax provision (benefit)                    300,000
                                                     -----------
Net income (loss)                                   ($16,100,000)
                                                     ===========
                                                                        
                           Propex Inc.
    Unaudited Condensed Consolidated Statement of Cash Flows
                 For Month Ended August 3,  2008
                                                                        
Cash flows from operating activities                                    
   Net income(loss)                                 ($16,100,000)
                                                                        
   Adjustments to reconcile, net income to net
   cash provided by used in operating
activities:                                             
     Depreciation and amortization                     2,500,000
     Non-cash interest on debt                                 -
     Amortization of bank fees                                 -
     Net gain on dispositions of property
     and equipment                                    10,800,000  
     Stock-based compensation                                  -
     Impairment of property, plant and equipment               -
     Impairment of goodwill                                    -
     Impairment of intangibles                                 -
     Pension and post-retirement benefit cost            300,000
     Deferred income taxes                                     -
   Changes in operating assets and liabilities         
     Decrease(increase) in assets-prepetition                  -
     Decrease(increase) in assets-post-petition        3,400,000
     (Decrease) increase in liabilities-prepetition     (100,000)
     (Decrease) increase in liabilities-postpetition   5,000,000
                                                     -----------
   Net cash provided (used) by operating activities    5,800,000
                                                                        
Cash flows from investing activities                   
     Capital expenditures                               (400,000)
     Proceeds from sale of property and equipment              -
     Acquisition of business(net of cash acquired)             -
                                                     -----------
     Net cash used in investing activities              (400,000)

Cash flows from financing activities                     
   Payments of long-term debt principal                        -
   Proceeds from issuance of debt                              -
   Debt issuance costs                                         -
   Dividends                                                   -
   Net receipts from unconsolidated parent company             -
   Net payments of affiliate debt                              -
   Net cash provided by (used in) financing activities         -
   Effect of changes in foreign exchange rates on
   cash and cash equivalents                             100,000
                                                     -----------
   Change in cash and cash equivalents                 5,500,000
                                                     -----------
   Cash and cash equivalents-beginning period         31,900,000
                                                     -----------
   Cash and cash equivalents- end period             $37,400,000
                                                     ===========

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.

The Court extended the exclusive plan filing period of the Debtors
through Oct. 20, 2008, and their exclusive solicitation period
through Dec. 19, 2008.

As of June 29, 2008, the Debtors' balance sheet showed total
assets of $562,700,000, and total debts of $551,700,000.

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


S & A RESTAURANT: Amends Schedules of Assets and Liabilities
------------------------------------------------------------
J. Michael Sutherland, Esq., at Carrington, Coleman, Sloman &
Blumenthal, L.L.P., tells the U.S. Bankruptcy Court for the
Eastern District of Texas that the exhibit to B-22 in S & A
Restaurant Corp.'s schedules of assets and liabilities was
attested but inadvertently omitted.  The Debtor owns these
trademarks:

   Trademark                                       Country
   ---------                                       -------
   29 Tavern                                      USA
   29degree Tavern                                 USA
   Bennigan's (Block)                              USA
   Bennigan's (DE)                                 USA
   Bennigan's Grill & Tavern (block)               USA
   Bennigan's Grill & Tavern (design)              USA
   Bennigan's Irish American Grill & Tavern (DE)   USA
   Bennigan's on the Go                            USA
   Bennigan's Sport                                USA
   Bennigan's Tavern Burgers                       USA
   Bennigan's Tavern with Flip and Mug             USA
   Blarney Blast                                   USA
   Death by Chocolate                              USA
   Death by Chocolate Martini                      USA
   Emerald Isle Margarita                          USA
   Kensington                                      Canada
   Kensington                                      USA
   Paddy O'Punch                                   USA
   Septemburger                                    USA
   Signature Herb Roasted Prime Rib                USA
   Skillet O'Beef                                  Canada
   Steak & Ale (block letter with ampersand)       USA
   Steak & Ale (Bull Design)                       Australia
   Steak & Ale (with bull & mug design)            USA
   Steak & Ale                                     Argentina
   Steak & Ale                                     Bahamas
   Steak & Ale                                     Bahrain
   Steak & Ale                                     Ecuador
   Steak & Ale                                     European Union
   Steak & Ale                                     Guatemala
   Steak & Ale                                     Honduras
   Steak & Ale                                     Kuwait
   Steak & Ale                                     Puerto Rico
   Steak & Ale (DE)                                Venezuela
   Steak & Ale (block letter)                      USA
   Steak & Ale (DE w/bull)                         Jamaica
   Steak & Ale (DE)                                Canada
   Steak & Ale (DE)                                El Salvador
   Steak & Ale (DE)                                European Union
   Steak & Ale (DE)                                Germany
   Steak & Ale (DE)                                Israel
   Steak & Ale (DE)                                Lebanon
   Steak & Ale (DE)                                Mexico
   Steak & Ale (DE)                                New Zealand
   Steak & Ale (design)                            USA
   Steak & Ale (Fleur)                             Korea
   Steak & Ale (steer design)                      USA
   The Plano Tavern & Design                       USA
   Time Crunch Lunch                               USA
   What are you in the mood for                    USA
   Your escape from the everyday                   USA

                     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.  The Debtors
disclosed total scheduled assets of $2,302,057 and total scheduled
liabilities of $159,432,691.

Michelle H. Chow is the Debtors' Chapter 7 bankruptcy trustee.  
The lead counsel for the trustee is Kane Russell Coleman & Logan
PC.  Mark Ian Agee, Esq., of the law firm Mark Ian Agee, Attorney
at Law, is co-counsel.


SEA CONTAINERS: Submits July 2008 Monthly Operating Report
----------------------------------------------------------

                      Sea Containers, Ltd.
                     Unaudited Balance Sheet
                       As of July 31, 2008

                            Assets

Current Assets
   Cash and cash equivalents                         $22,659,180
   Trade receivables, less allowances
      for doubtful accounts                              374,155
   Due from related parties                              353,300
   Prepaid expenses and other current assets             362,937
                                                    ------------
      Total current assets                            23,749,572

Fixed assets, net                                              -

Long-term equipment sales receivable, net                      -
Investments in group companies                       108,753,801
Intercompany receivables                                       -
Investment in equity ownership interests             230,596,266
Other assets                                           2,737,066
                                                    ------------
Total assets                                        $365,836,705
                                                    ============

             Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                  $13,064,799
   Accrued expenses                                   89,926,686
   Current portion of long-term debt                 174,790,014
   Current portion of senior notes                   385,633,720
                                                    ------------
      Total current liabilities                      663,415,219

Total shareholders' equity                          (297,578,514)
                                                    ------------
Total liabilities and shareholders' equity          $365,836,705
                                                    ============

                      Sea Containers, Ltd.
                Unaudited Statement of Operations
                For the Month Ended July 31, 2008

Revenue                                               $2,452,133

Costs and expenses:
   Operating income                                            -
   Selling, general and admin. expenses               (1,424,952)
   Professional fees                                  (8,370,035)
   Charges against intercompany accounts                 711,245
   Impairment of investment in subsidy Co.             1,155,587
   Forgiveness of intercompany debt                            -
   Depreciation and amortization                               -
                                                    ------------
      Total costs and expenses                        (7,928,155)
                                                    ------------

Loss on sale of assets                                         -
                                                    ------------
Operating income (loss)                               (5,476,022)

Other income (expense)
   Investment income                                     107,546
   Foreign exchange gains or (losses)                     (1,527)
   Interest expense, net                              (5,130,333)
                                                    ------------
Loss before taxes                                    (10,500,336)
Income tax expense                                      (135,150)
                                                    ------------
Loss after taxes                                    ($10,635,486)
                                                    ============

                  Sea Containers Services, Ltd.
                     Unaudited Balance Sheet
                       As of July 31, 2008

                            Assets

Current Assets
   Cash and cash equivalents                             $70,268
   Trade receivables                                      11,225
   Due from related parties (GE SeaCo)                    65,936
   Prepaid expenses and other current assets           1,581,886
                                                    ------------
      Total current assets                             1,729,315

Fixed assets, net                                         10,961

Investments                                            2,650,462
Intercompany receivables                              15,341,418
Other assets                                                   -
                                                    ------------
Total assets                                         $19,732,156
                                                    ============

             Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                      772,656
   Accrued expenses                                    3,222,039
   Current portion of long-term debt                   1,498,581
                                                    ------------
      Total current liabilities                        5,493,276

Total shareholders' equity                            14,238,880
                                                    ------------
Total liabilities and shareholders' equity           $19,732,156
                                                    ============

                  Sea Containers Services, Ltd.
                Unaudited Statement of Operations
                For the Month Ended July 31, 2008

Revenue                                               $1,283,412

Costs and expenses:
   Selling, general and admin. expenses                 (807,286)
   Professional Fees                                    (346,040)
   Depreciation and amortization                          (1,925)
                                                    ------------
      Total costs and expenses                        (1,155,251)
                                                    ------------

Gains on sale of assets                                    3,960
                                                    ------------
Operating income (loss)                                  132,120

Other income (expense)
   Interest income                                             -
   Foreign exchange gains (losses)                          (378)
   Interest expense, net                                 (14,292)
                                                    ------------
Income (Loss) before taxes                               117,449
Income tax credit                                              -
                                                    ------------
Net Income                                              $117,449
                                                    ============

Based in Hamilton, Bermuda, Sea Containers Ltd. --
http://www.seacontainers.com/-- provides passenger and freight
transport and marine container leasing. Registered in Bermuda,
the company has regional operating offices in London, Genoa, New
York, Rio de Janeiro, Sydney, and Singapore. The company is
owned almost entirely by United States shareholders and its
primary listing is on the New York Stock Exchange (SCRA and
SCRB) since 1974. On Oct. 3, the company's common shares and
senior notes were suspended from trading on the NYSE and NYSE
Arca after the company's failure to file its 2005 annual report
on Form 10-K and its quarterly reports on Form 10-Q during 2006
with the U.S. Securities and Exchange Commission.

Through its GNER subsidiary, Sea Containers Passenger Transport
operates Britain's fastest railway, the Great North Eastern
Railway, linking England and Scotland. It also conducts ferry
operations, serving Finland and Estonia as well as a commuter
service between New York and New Jersey in the U.S.
Sea Containers Ltd. and two subsidiaries filed for chapter 11
protection on Oct. 15, 2006 (Bankr. D. Del. Case No. 06-11156).
Edmon L. Morton, Esq., Edwin J. Harron, Esq., Robert S. Brady,
Esq., Sean Matthew Beach, Esq., and Sean T. Greecher, Esq., at
Young, Conaway, Stargatt & Taylor, represent the Debtors in
their restructuring efforts.

The Official Committee of Unsecured Creditors and the Financial
Members Sub-Committee of the Official Committee of Unsecured
Creditors of Sea Containers Ltd. is represented by William H.
Sudell, Jr., Esq., and Thomas F. Driscoll, Esq., at Morris,
Nichols, Arsht & Tunnell LLP. Sea Containers Services, Ltd.'s
Official Committee of Unsecured Creditors is represented by
attorneys at Willkie Farr & Gallagher LLP.

In its schedules filed with the Court, Sea Containers disclosed
total assets of $62,400,718 and total liabilities of
$1,545,384,083. (Sea Containers Bankruptcy News, Issue No. 49;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


SEMGROUP LP: Files Initial Monthly Operating Report
---------------------------------------------------
SemCrude, LP, and its debtor affiliates filed with the U.S.
Bankruptcy Court for the District of Delaware an initial monthly
operating report disclosing their 16-week projection from Aug. 15
to Nov. 28, 2008, in lieu of a 12-month cash flow projection.  
According to SemCrude's acting president and chief executive
officer Terrence Ronan, the 16-week projection is the best
available projection the Debtors have at this time.

A full-text copy of the 16-Week Projections is available for free
at http://bankrupt.com/misc/semgroup_16weekprojections.pdf

The Debtors also submitted copies of certificates of insurance,
full-text copies of which are available for free at:

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

Mr. Ronan told the Court that the certificates of insurance is in
SemGroup, LP's name as SemGroup is the insured party on behalf of
all the Debtors.

The Debtors disclose that they paid about $3,650,000 of retainers
to professionals before the Petition Date:

       Payee                    Payment Date      Amount
       -----                    ------------      ------
       AlixPartners               07/22/08      $1,000,000
       Blackstone                 07/21/08       1,150,000
       Weil Gotshal & Manges      07/14/08         300,000
       Weil Gotshal & Manges      07/21/08         800,000
       Richards Layton & Finger   07/21/08         175,000
       Sitrick & Company          07/21/08         175,000
       Sitrick & Company          07/22/08          50,000


SemGroup L.P. -- http://www.semgrouplp.com/-- is a
midstream            
service company providing the energy industry means to move
products from the wellhead to the wholesale marketplace.  SemGroup
provides diversified services for end users and consumers of crude
oil, natural gas, natural gas liquids, refined products and
asphalt.  Services include purchasing, selling, processing,
transporting, terminaling and storing energy.  SemGroup serves
customers in the United States, Canada, Mexico, Wales, Switzerland
and Vietnam.

SemGroup L.P. and its debtor-affiliates filed for Chapter 11  
protection on July 22, 2008 (Bankr. D. Del. Lead Case No. 08-
11525).  These represent the Debtors' restructuring efforts: John
H. Knight, Esq., L. Katherine Good, Esq. and Mark D. Collins, Esq.
at Richards Layton & Finger; Harvey R. Miller, Esq., Michael P.
Kessler, Esq. and Sherri L. Toub, Esq. at Weil, Gotshal & Manges
LLP; and Martin A. Sosland, Esq. and Sylvia A. Mayer, Esq. at Weil
Gotshal & Manges LLP.  Kurtzman Carson Consultants L.L.C. is the
Debtors' claims agent.  The Debtors' financial advisors are The
Blackstone Group L.P. and A.P. Services LLC.

Margot B. Schonholtz, Esq., and Scott D. Talmadge, Esq., at Kaye
Scholer LLP; and Laurie Selber Silverstein, Esq., at Potter
Anderson & Corroon LLP, represent the Debtors' prepetition
lenders.

SemGroup L.P.'s affiliates, SemCAMS ULC and SemCanada Crude
Company, sought protection under the Companies' Creditors
Arrangement Act (Canada) on July 22, 2008.  Ernst & Young, Inc.  
The CCAA stay expires on Aug. 20, 2008.

SemGroup L.P.'s consolidated, unaudited financial conditions as of
June 30, 2007, showed $5,429,038,000 in total assets and  
$5,033,214,000 in total debts.  In their petition, they showed  
more than $1,000,000,000 in estimated total assets and more than
$1,000,000,000 in total debts.

(SemGoup Bankruptcy News, Issue No. 10; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


TOUSA INC: Delivers July 2008 Monthly Operating Report
------------------------------------------------------

                   TOUSA, INC., and Subsidiaries
                    Consolidated Balance Sheet
                       As of July 31, 2008

                              ASSETS
Cash and Cash Equivalents:
   Cash in bank                                    $377,076,343
   Cash equivalents (due from title company           9,716,377
      from closings)
Inventory:
   Deposits                                          66,391,942
   Land                                             686,165,182
   Residences completed and under construction      381,943,118
   Inventory not owned                               25,974,695
                                                ---------------
                                                  1,160,474,937
Property and equipment, net                          18,799,878
Investments in unconsolidated joint ventures         10,828,505
Receivables from unconsolidated joint ventures        1,085,232
Accounts receivable                                  20,875,403
Other assets                                         81,372,969
Goodwill                                             11,152,000
                                                ---------------
                                                  1,691,381,644

Net Assets of Financial Services                     21,271,929
                                                ---------------
Total Assets                                     $1,712,653,573
                                                ===============

                LIABILITIES & STOCKHOLDERS' EQUITY

Accounts payable and other liabilities             $408,204,980
Customer deposits                                    20,013,045
Obligations for inventory not owned                  31,978,247
Notes payable                                     1,616,085,648
Bank borrowings                                     275,419,866
                                                ---------------
Total Liabilities                                 2,351,701,786

Stockholders' Equity:
   Preferred stock                                   94,949,061
   Common stock                                         596,042
   Additional paid in capital                       481,815,975
   Retained earnings                             (1,216,409,291)
                                                ---------------
Total Stockholders' Equity                         (639,048,213)
                                                ---------------
Total liabilities and Stockholders' Equity       $1,712,653,573
                                                ===============

                   TOUSA, INC., and Subsidiaries
               Consolidated Statement of Operations
                 For the Period July 1 to 31, 2008

Revenues:
   Home sales                                       $89,953,363
   Land sales                                           250,000
                                                ---------------
                                                     90,203,363

Cost of Sales:
   Home sales                                        82,076,933
   Land sales                                           610,094
                                                ---------------
                                                     82,687,027
                                                ---------------
Gross Profit                                          7,516,336

Total selling, general and admin expenses            25,544,877
Income (loss) from joint ventures, net                2,228,158
Interest expense, net                                10,449,531
Other (income) expense, net                            (686,111)
                                                ---------------
Homebuilding pretax income (loss)                   (25,563,803)

Financial services pretax income (loss)                (208,744)

Income (loss) before income taxes                   (25,772,547)
Provision (benefit) for income taxes                          0
                                                ---------------
Net Income (loss)                                  ($25,772,547)
                                                ===============

                   TOUSA, INC. and Subsidiaries
        Consolidated Schedule of Receipts and Disbursements
                 For the Period July 1 to 31, 2008

Funds at beginning of period                       $367,076,023

RECEIPTS
   Cash sales                                        83,169,610
   Accounts receivable                                   68,801
   Other receipts                                     9,762,818
                                                ---------------
Total receipts                                       93,001,229
                                                ---------------
Total funds available for operations                460,077,252

DISBURSEMENTS
   Advertising                                        1,401,591
   Bank charges                                           3,638
   Contract labor                                        30,600
   Fixed asset payments                                 227,801
   Insurance                                            966,153
   Inventory payments                                58,455,926
   Leases                                               796,508
   Manufacturing supplies                                     0
   Office supplies                                      194,744
   Payroll - net                                      8,740,510
   Professional fees (accounting and legal)           6,973,541
   Rent                                                 565,658
   Repairs & maintenance                                489,492
   Secured creditor payments                                  0
   Taxes paid - payroll                                  35,857
   Taxes paid - sales & use                             654,699
   Taxes paid - other                                   227,537
   Telephone                                            193,401
   Travel & entertainment                                87,911
   U.S. Trustee quarterly fees                          158,694
   Utilities                                            204,924
   Vehicle expenses                                      39,122
   Other operating expenses                           2,552,602
                                                ---------------
Total disbursements                                  83,000,909
                                                ---------------
Ending Balance                                     $377,076,343
                                                ===============

Headquartered in  Hollywood, Florida, TOUSA Inc. (Pink Sheets:
TOUS) -- http://www.tousa.com/-- fka Technical Olympic
U.S.A. Inc., dba Technical U.S.A., Inc., Engle Homes, Newmark
Homes L.P., TOUSA Homes Inc. and Newmark Homes Corp. is a leading
homebuilder in the United States, operating in various
metropolitan markets in 10 states located in four major geographic
regions: Florida, the Mid-Atlantic, Texas, and the West.  TOUSA
designs, builds, and markets high-quality detached single-family
residences, town homes, and condominiums to a diverse group of
homebuyers, such as "first-time" homebuyers, "move-up" homebuyers,
homebuyers who are relocating to a new city or state, buyers of
second or vacation homes, active-adult homebuyers, and homebuyers
with grown children who want a smaller home.  It also provides
financial services to its homebuyers and to others through its
subsidiaries, Preferred Home Mortgage Company and Universal Land
Title Inc.

The Debtor and its debtor-affiliates filed for separate Chapter 11
protection on Jan. 29, 2008. (Bankr. S.D. Fla. Case No. 08-10928).
The Debtors have selected M. Natasha Labovitz, Esq., Brian S.
Lennon, Esq., Richard M. Cieri, Esq. and Paul M. Basta, Esq., at
Kirkland & Ellis LLP; and Paul Steven Singerman, Esq., at Berger
Singerman, to represent them in their restructuring efforts.  
Lazard Freres & Co. LLC is the Debtors' investment banker.  Ernst
& Young LLP is the Debtors' independent auditor and tax services
provider.  Kurtzman Carson Consultants LLC acts as the Debtors'
Notice, Claims & Balloting Agent.

TOUSA's direct subsidiary, Beacon Hill at Mountain's Edge LLC dba
Eagle Homes, filed for Chapter 11 Protection on July 30, 2008,
(Bankr. S.D. Fla. Case No.: 08-20746).  It listed assets between
$1 million and $10 million, and debts between $1 million and
$10 million.

The Official Committee of Unsecured Creditors hired Patricia A.
Redmond, Esq., and the law firm Stearns Weaver Weissler Alhadeff &
Sitterson, P.A., as its local counsel.

TOUSA Inc.'s balance sheet at June 30, 2008, showed total assets
of $1,734,422,756 and total liabilities of $2,300,053,979.

TOUSA's Exclusive Plan Filing Period expires Oct. 25, 2008.  
(TOUSA Bankruptcy News, Issue No. 19; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


TOUSA INC: Beacon Hill Files Schedules of Assets and Debts
----------------------------------------------------------
Beacon Hill at Mountain's Edge, LLC, debtor-affiliate of TOUSA Inc.,
delivered its schedules of assets and liabilities, disclosing:

A.     Real Property                                  $2,584,585

B.     Personal Property
B.2    Bank accounts                                      20,180
B.4    Household goods                                    83,615
B.9    Insurance policies                                Unknown

       TOTAL SCHEDULED ASSETS                         $2,688,380
       =========================================================

C.     Property Claimed as Exempt                             $0

D.     Creditors Holding Secured Claims                        0

E.     Creditors Holding Unsecured Priority Claims             0

F.     Creditors Holding Unsecured Non-priority Claims
       Builder Homesite, Inc.                                 75
       Burnham Painting and Drywall, Inc.                    220
       CabinTec                                              560
       Equity Trust Company                                  747
       GE Appliances                                      10,964
       Mercury LDO                                            84
       National Construction Rentals                          57
       Nevada Power                                        5,548

       TOTAL SCHEDULED LIABILITIES                       $18,255
       =========================================================

Headquartered in  Hollywood, Florida, TOUSA Inc. (Pink Sheets:
TOUS) -- http://www.tousa.com/-- fka Technical Olympic
U.S.A. Inc., dba Technical U.S.A., Inc., Engle Homes, Newmark
Homes L.P., TOUSA Homes Inc. and Newmark Homes Corp. is a leading
homebuilder in the United States, operating in various
metropolitan markets in 10 states located in four major geographic
regions: Florida, the Mid-Atlantic, Texas, and the West.  TOUSA
designs, builds, and markets high-quality detached single-family
residences, town homes, and condominiums to a diverse group of
homebuyers, such as "first-time" homebuyers, "move-up" homebuyers,
homebuyers who are relocating to a new city or state, buyers of
second or vacation homes, active-adult homebuyers, and homebuyers
with grown children who want a smaller home.  It also provides
financial services to its homebuyers and to others through its
subsidiaries, Preferred Home Mortgage Company and Universal Land
Title Inc.

The Debtor and its debtor-affiliates filed for separate Chapter 11
protection on Jan. 29, 2008. (Bankr. S.D. Fla. Case No. 08-10928).
The Debtors have selected M. Natasha Labovitz, Esq., Brian S.
Lennon, Esq., Richard M. Cieri, Esq. and Paul M. Basta, Esq., at
Kirkland & Ellis LLP; and Paul Steven Singerman, Esq., at Berger
Singerman, to represent them in their restructuring efforts.  
Lazard Freres & Co. LLC is the Debtors' investment banker.  Ernst
& Young LLP is the Debtors' independent auditor and tax services
provider.  Kurtzman Carson Consultants LLC acts as the Debtors'
Notice, Claims & Balloting Agent.

TOUSA's direct subsidiary, Beacon Hill at Mountain's Edge LLC dba
Eagle Homes, filed for Chapter 11 Protection on July 30, 2008,
(Bankr. S.D. Fla. Case No.: 08-20746).  It listed assets between
$1 million and $10 million, and debts between $1 million and
$10 million.

The Official Committee of Unsecured Creditors hired Patricia A.
Redmond, Esq., and the law firm Stearns Weaver Weissler Alhadeff &
Sitterson, P.A., as its local counsel.

TOUSA Inc.'s balance sheet at June 30, 2008, showed total assets
of $1,734,422,756 and total liabilities of $2,300,053,979.

TOUSA's Exclusive Plan Filing Period expires Oct. 25, 2008.  
(TOUSA Bankruptcy News, Issue No. 19; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


TROPICANA ENTERTAINMENT: Files July 2008 Monthly Operating Report
-----------------------------------------------------------------

                 Tropicana Entertainment, LLC
                         Balance Sheet
                      As of July 31, 2008

                             ASSETS

Current Assets
  Accounts receivable - trade                                $0
  Cash & temporary cash investments                  16,349,000
  Deposits                                            2,015,000
  Inventories                                                 0
  Other receivables                                           0
  Prepaid expenses                                  (36,229,000)
                                                 --------------
Total Current Assets                                (17,865,000)

Property and Equipment
  Buildings                                                   0
  Construction in progress                                    0
  Furniture & fixtures                                  114,000
  Land                                                        0
  Riverboats, barges & ramps                                  0
  Vehicles                                                    0
                                                 --------------
Total Property and Equipment                            114,000

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

Other Assets
  Investments                                     2,775,215,000
  Other assets                                       33,919,000
                                                 --------------
Total Other Assets                                2,809,134,000
                                                 --------------
TOTAL ASSETS                                     $2,791,383,000
                                                 ==============

              LIABILITIES AND SHAREHOLDERS' DEFICIT

Current Liabilities
  Accounts payable                                  $11,958,000
  Accrued other expenses                              2,196,000
  Accrued payroll                                      (260,000)
  Deferred income                                             0
  Notes payable - Evansville                          7,700,000
  Payroll taxes payable                                       0
  Sales tax payable                                   2,614,000
                                                 --------------
Total Current Liabilities                            24,209,000

Long Term Debt Due Beyond One Year
  DIP financing                                      20,000,000
                                                 --------------
Total Long Term Debt Due Beyond One Year             20,000,000

Other Liabilities
  Deferred fed taxes                                          0
  Deferred rent                                               0
  Deferred state inc taxes                                    0
  Intercompany                                       22,053,000
                                                 --------------
Total Other Liabilities                              22,053,000

Total Liabilities not Subject to Compromise          66,262,000

Liabilities Subject to Compromise
  Non-intercompany                                  897,023,000
  Intercompany                                    1,593,703,000
                                                 --------------
Total Liabilities Subject to Compromise           2,490,726,000
                                                 --------------
Total Liabilities                                 2,556,988,000

Total Stockholders' Equity                          234,395,000
                                                 --------------
Total Liabilities & Shareholders' Deficit        $2,791,383,000
                                                 ==============

                 Tropicana Entertainment, LLC
                       Income Statement
               For the Month Ended July 31, 2008

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

Operating Expenses
  Casino operating expenses                                   0
  Rooms operating expenses                                    0
  Food and beverage operating expenses                        0
  Other casino and hotel operating expenses                   0
  Utilities                                                   0
  Marketing, advertising and casino promotions           29,000
  Repairs and maintenance                                 5,000
  Insurance                                               8,000
  Property and local taxes                                    0
  Gaming tax and licenses                                     0
  Administrative and general                          1,064,000
  Leased land and facilities                                  0
  Depreciation and amortization                               0
  Loss on disposition of assets                               0
  Bad debt expense - loans                                    0
  Impairment charge                                           0
  Restructuring cost                                          0
  Chapter 11 reorg. & other prof. Fees                5,785,000
                                                 --------------
Total Operating Expense                               6,890,000

Income from Operations                               (6,890,000)

Other Income (Expense)
  Interest expense                                  (10,593,000)
  Intercompany interest income / (expense)              493,000
  Interest income                                        34,000
                                                 --------------
Total Other Income (Expense)                        (10,066,000)

Federal Income Tax                                            0

Income Before Minority Interest                     (16,956,000)
                                                 --------------
NET INCOME                                         ($16,956,000)
                                                 ==============

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

Tropicana Entertainment LLC filed for Chapter 11 protection on
May 5, 2008, (Bankr. D. Del. Case No. 08-10856).  Its debtor-
affiliates filed for separate Chapter 11 petitions but with no
case numbers assigned yet.  Kirkland & Ellis LLP and Mark D.
Collins, Esq., at Richards Layton & Finger, represent the Debtors
in their restructuring efforts.  Their financial advisor is Lazard
Ltd.  Their notice, claims, and balloting agent is Kurtzman Carson
Consultants LLC.  Epiq Bankruptcy Solutions LLC is the Debtors'
Web site administration agent.  AlixPartners LLP is the Debtors'
restructuring advisor.

Stroock & Stroock & Lavan LLP and Morris Nichols Arsht & Tunnell
LLP represent the Official Committee of Unsecured Creditors in
this case.  Capstone Advisory Group LLC is financial advisor to
the Creditors' Committee.

The Court has extended the Debtors' exclusive period to file a  
plan through and including January 12, 2009, and to solicit votes
on the plan through and including March 13, 2009.

(Tropicana Bankruptcy News, Issue No. 15; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or     
215/945-7000)


VERTIS HOLDINGS: Submits July 2008 Monthly Operating Report
-----------------------------------------------------------

             Vertis Holdings, Inc. and Subsidiaries
               Unaudited Consolidated Balance Sheet
                       As of July 31, 2008

ASSETS
Current Assets:
  Cash and cash equivalents                             $559,000
  Accounts receivable, net                           162,570,000
  Inventories                                         46,878,000
  Maintenance parts, net                              20,614,000
  Prepaid expenses and other current assets           41,738,000
                                                 ---------------
   Total Current Assets                              272,359,000

Property, plant and equipment, net                   308,409,000
Deferred financing costs, net                          6,239,000
Other assets, net                                     20,163,000
                                                 ---------------
   Total assets                                     $607,170,000
                                                 ===============

LIABILITIES AND STOCKHOLDERS' DEFICIT            
Current Liabilities:                       
  Accounts payable                                   $88,232,000
  Compensation and benefits payable                   42,391,000
  Accrued interest                                    51,986,000
  Current portion of long-term debt                1,054,779,000
   Other current liabilities                          21,934,000
                                                 ---------------
   Total current liabilities                       1,259,322,000

Long-term debt                                       541,619,000
Other long-term liabilities                           26,175,000
                                                 ---------------
   Total liabilities                               1,827,115,000

Stockholder's deficit:                               
  Preferred stock -- authorized 1,000 shares
   none issued                                                 -
  Common stock -- authorized 19,000 shares;          
   $0.01 par value; issued and outstanding           
   12,437 and 12,492 shares                              129,000
  Contributed capital                                384,730,000
  Accumulated deficit                             (1,596,358,000)
  Accumulated other comprehensive loss                (8,446,000)
                                                 ---------------
   Total stockholder's deficit                    (1,219,945,000)
                                                 ---------------
   Total Liabilities and Stockholder's Deficit      $607,170,000
                                                 ===============

            Vertis Holdings, Inc. and Subsidiaries
         Unaudited Consolidated Statement of Operations
                   Month Ended July 31, 2008

Revenue                                             $105,166,000

Operating expenses:
  Costs of production                                 86,538,000
  Selling, general and administrative                 17,562,000
  Restructuring charges                                  332,000
  Depreciation and amortization of intangibles         4,503,000
                                                 ---------------
   Total operating expenses                          108,936,000
                                                  ---------------
   Operating (loss) income                            (3,770,000)

Other expenses:
  Interest expense, net                               15,138,000
  Other, net                                            (329,000)
                                                 ---------------
   Total other expenses                               14,810,000
                                                 ---------------
  Loss before income tax expense                     (18,580,000)
  Income tax expense                                           -
                                                 ---------------
   Net loss                                         ($18,580,000)
                                                 ===============

Vertis Holdings, Inc., and its subsidiaries did not disclose a
cash flow statement for the month of July 2008.

                  Vertis, Inc. and Subsidiaries
               Unaudited Consolidated Balance Sheet
                      As of July 31, 2008

ASSETS
Current Assets:
  Cash and cash equivalents                             $559,000
  Accounts receivable, net                           162,570,000
  Inventories                                         46,878,000
  Maintenance parts, net                              20,614,000
  Prepaid expenses and other current assets           41,738,000
                                                 ---------------
   Total Current Assets                              272,359,000

Property, plant and equipment, net                   308,409,000
Deferred financing costs, net                          5,720,000
Other assets, net                                     20,163,000
                                                 ---------------
   Total assets                                     $606,650,000
                                                 ===============


LIABILITIES AND STOCKHOLDERS' DEFICIT                
Current Liabilities:                                 
  Accounts payable                                   $88,232,000
  Compensation and benefits payable                   42,391,000
  Accrued interest                                    51,986,000
  Current portion of long-term debt                1,054,779,000
   Other current liabilities                          19,838,000
                                                 ---------------
   Total current liabilities                       1,257,226,000

Due to parent                                          5,200,000
Long-term deb                                        290,811,000
Other long-term liabilities                           26,175,000
                                                 ---------------
   Total liabilities                               1,579,412,000
                                                    
Stockholder's deficit:                               
  Preferred stock -- authorized 1,000 shares
   none issued                                                 -
  Common stock -- authorized 19,000 shares;          
   $0.01 par value; issued and outstanding           
   12,437 and 12,492 shares                                    -
  Contributed capital                                409,689,000
  Accumulated deficit                             (1,377,679,000)
  Accumulated other comprehensive loss                (4,722,000)
                                                 ---------------
   Total stockholder's deficit (sic)                (972,762,000)
                                                 ---------------
   Total Liabilities and Stockholder's
   Deficit(sic)                                     $606,650,000
                                                 ===============

                  Vertis Inc. and Subsidiaries
         Unaudited Consolidated Statement of Operations
                   Month Ended July 31, 2008

Revenue                                             $105,166,000

Operating expenses:
  Costs of production                                 86,538,000
  Selling, general and administrative                 17,552,000
  Restructuring charges                                  332,000
  Depreciation and amortization of intangibles         4,503,000
                                                 ---------------
   Total operating expenses                          108,925,000
                                                 ---------------
   Operating (loss) income                            (3,760,000)

Other expenses:
  Interest expense, net                               12,440,000
  Other, net                                            (329,000)
                                                 ---------------
   Total other expenses                               12,111,000
                                                 ---------------
  Loss before income tax expense                     (15,871,000)
  Income tax expense                                           -
                                                 ---------------
   Net loss                                         ($15,871,000)
                                                 ===============

Barry C. Kohn, Vertis, Inc.'s chief financial officer, also
disclosed that for the period from July 16 to July 31, 2008,
these Debtor-entities made cash disbursements totaling
$55,168,220:

           Debtor Entity                Amount
           -------------                ------
           Vertis, Inc.              $53,992,331
           Webcraft Chemicals            514,617
           USA Direct LLC                661,272

                     About Vertis Holdings Inc.

Headquartered in Baltimore, Maryland, Vertis Holdings, Inc. --
http://www.vertisinc.com/-- is a provider of targeted print   
advertising and direct marketing solutions to America's retail and
consumer services companies.

The company and its six affiliates filed for Chapter 11 protection
on July 15, 2008 (Bank.D.Del. Case No. 08-11460).  Gary T.
Holtzer, Esq. and Stephen A. Youngman, Esq. at Weil, Gotshal &
Manges LLP represent as the Debtors lead counsels and Mark D.
Collins, Esq. and Michael Joseph Merchant, Esq. at Richards Layton
& Finger, P.A. represent as their Delaware local counsels.  Lazard
Freres & Co. LLC is the company's financial advisors.  When the
Debtors filed for protection from their creditors they listed
estimated assets between $500 million and $1 billion and estimated
debts of more than 1 billion.


VERTIS HOLDINGS: ACG Holdings' July 2008 Monthly Operating Report
-----------------------------------------------------------------

                       ACG Holdings, Inc.
              Unaudited Consolidated Balance Sheet
                      As of July 31, 2008

ASSETS

Current Assets:                                                       
  Cash and cash equivalents                                    -
  Accounts receivable, net                           $33,076,000
  Unbilled accounts receivable                         5,138,000
  Other receivables                                    2,732,000
  Inventories                                          9,430,000
  Income tax receivable                                        -
  Deferred income taxes                                  535,000
  Prepaid expenses and other current assets            4,786,000
                                                    ------------
   Total Current Assets                               55,697,000

PROPERTY, PLANT AND EQUIPMENT

Land and land improvements                             3,267,000
Building and improvements                             31,414,000
Machinery and equipment                              245,257,000
Furniture and fixtures                                13,275,000
Assets under capital leases                            8,176,000
Construction in progress                               3,658,000
                                                    ------------
   Total property, plant and equipment               305,047,000
   Less accumulated depreciation                    (234,125,000)
                                                    ------------
   Net Property, Plant and Equipment                  70,922,000

Goodwill                                              66,548,000
Deferred debt issuance costs                           5,198,000
Other assets                                           7,328,000
                                                    ------------
   Total Assets                                     $205,693,000
                                                    ============

LIABILITIES AND EQUITY                               

Current portion of long-term debt                   $411,644,000
Current obligations under capital leases               1,668,000
Accounts payable                                      27,006,000
Accrued expenses                                      15,497,000
Accrued interest payable                              18,197,000
Income taxes payable                                      71,000
                                                    ------------
   Total current liabilities                         474,083,000

LONG TERM DEBT
Revolving line of credit:
  2005 Credit Facility                                         -
  FINCO Credit Facility                                        -
                                                    ------------
   Total revolving line of credit                              -

Term loan                                                      -
DIP facility revolver                                 97,400,000
Bridge loan facility                                  19,265,000
10% senior secured notes                             294,979,000
                                                    ------------
   Total debt                                        411,644,000
   Less current portion of long term debt           (411,644,000)
                                                    ------------
   Total long term debt                                        -

Long term obligations under capital leases                     -
Other long-term liabilities                           44,414,000
Deferred income taxes                                  6,152,000
                                                    ------------
   Total liabilities                                 524,649,000
                                                    
Stockholder's deficit:                              
  Common stock                                             2,000
  Additional paid-in capital                           2,038,000
  Retained earnings (deficit)                       (309,342,000)
  Unfunded pension liability                         (12,363,000)
  Cumulative translation adjustment                      709,000
                                                    ------------
   Total equity                                     (318,956,000)
                                                    ------------
   Total Liabilities and Equity                     $205,693,000
                                                    ============

                       ACG Holdings, Inc.
           Unaudited Consolidated Statement of Income
                    Month Ended July 31, 2008

Sales                                                $29,779,000
Cost of Sales                                         28,725,000
                                                    ------------
   Gross profit                                        1,054,000
   Gross profit %                                           3.5%

Selling, general and admin. expenses                   1,974,000

Restructuring Costs (Benefit):
  Print                                                        -
  Premedia                                                     -
                                                    ------------
   Operating Income                                     (920,000)

Other Expense (Income):
  Loss on early extinguishment of debt                 7,035,000
  Miscellaneous                                        2,145,000
                                                    ------------
   Total Other Expense                                 9,180,000
   EBIT                                              (10,100,000)
                                                    ------------
  Interest expense                                     4,950,000
  Interest income                                        (1,000)
                                                    ------------
   Net Interest Expense                                4,949,000
                                                    ------------
  Loss before income taxes                           (15,049,000)

  Income tax Expense (Benefit):
   Current                                                21,000
   Deferred                                                4,000
                                                    ------------
   Total Income Tax Expense                               25,000
                                                    ------------
   Net Income (Loss)                                ($15,074,000)
                                                    ============

Patrick W. Kellick, American Color Graphics, Inc.'s executive
vice president and chief financial officer, disclosed that as of
August 1, 2008, the Debtor made disbursements totalling
$10,778,000.

Additionally, Mr. Kellick reported that as of July 31, 2008,
American Color made 15 payments to various professionals,
totaling $1,566,542.  A complete list of the fees and expenses
paid to the professionals is available for free at:

                http://ResearchArchives.com/t/s?3200

Headquartered in Baltimore, Maryland, Vertis Holdings, Inc. --
http://www.vertisinc.com/-- is a provider of targeted print   
advertising and direct marketing solutions to America's retail and
consumer services companies.

The company and its six affiliates filed for Chapter 11 protection
on July 15, 2008 (Bank.D.Del. Case No. 08-11460).  Gary T.
Holtzer, Esq. and Stephen A. Youngman, Esq. at Weil, Gotshal &
Manges LLP represent as the Debtors lead counsels and Mark D.
Collins, Esq. and Michael Joseph Merchant, Esq. at Richards Layton
& Finger, P.A. represent as their Delaware local counsels.  Lazard
Freres & Co. LLC is the company's financial advisors.  When the
Debtors filed for protection from their creditors they listed
estimated assets between $500 million and $1 billion and estimated
debts of more than 1 billion.


WICKES HOLDINGS: Files June 2008 Monthly Operating Report
---------------------------------------------------------

                         Income Statement
      Wickes Holdings, LLC and Wickes Furniture Company Inc.

     Total Net Sales                 $    637,525
     Cost of Sales                        707,715
                                     ------------
     Gross Margin                   ($     70,190)

     Engineering Expenses            $          0
     Selling Expenses                   1,009,699
     Administrative Expenses            1,136,728
                                     ------------
     Total Operating Expenses        $  2,146,427

     Operating Expenses (Loss)      ($  2,216,617)

     Total Non-Operating             $          0
     Reorganization Items            $
0                              
                                     ------------
     Net Income (Loss) Before Tax   ($  2,216,617)

     Income Tax Provision            $          0
                                     ------------
     Net Income (Loss)              ($  2,216,617)
                                     ------------

                          Balance Sheet
      Wickes Holdings, LLC and Wickes Furniture Company Inc.

     Assets
     ------
     Cash                            $    530,533

     Accounts Receivable             $  2,399,651
     Less: Reserves                             0
                                     ------------
     Net Receivables                 $  2,399,651

     Other                           $  2,707,671
     Notes Receivable                           0
                                     ------------
     Accounts Receivable Other       $  2,707,671

     Net Inventory                   $          0

     Other Current Assets            $    975,567

     Other Noncurrent Assets         $          0

     Intangible Assets               $          0

     Investments in Subsidiaries     $          0

     Fixed Assets - Cost             $  6,200,000
     Less: Accumulated Dep.               763,111
                                     ------------
     Net Fixed Assets                $  5,436,889
                                     ------------
     Total Assets                    $ 12,050,311
                                     ------------

     Liabilities & Equity
     --------------------
     Secured Note Payable/Term Loan  $ 60,063,462

     Accounts Payable                $ 60,157,898

     IC-Accounts Payable             $          0

     Accrued Compensation
     and Benefits                    $    389,304

     Accured Taxes                   $  1,947,069

     Warranty                        $    141,013

     Other Debt - Current            $  3,091,673

     Other Current Liabilities       $  4,362,736

     Accrued Interest                $    204,548
     Product Liability                          0
     Accounts Payable                           0
     Long Term Debt                             0
                                     ------------
     Liabilities Subject
     to Compromise                   $    204,548

     Other Deferred Liabilities      $          0
                                     ------------
     Total Liabilities               $130,357,703
                                     ------------

     Capital Stock                   $     10,003

     Preferred Stock                 $          0

     Additional PIC-C.S.             $ 10,881,536

     Retained Earnings              ($129,198,931)
                                     ------------
     Total Equity                   ($118,307,392)
                                     ------------
     Total Liabilities & Equity      $ 12,050,311
                                     ------------

Based in Wheeling, Ill., Wickes Holdings, LLC and Wickes Furniture
Company Inc. -- http://www.wickesfurniture.com/-- sell home  
furnishings through more than 40 retail locations in five states.
The Debtors filed separate Chapter 11 petitions on Feb. 3, 2008
(Bankr. D. Del. Case Nos. 08-10212 and 08-10213, respectively).
Donald J. Detweiler, Esq., at Greenberg Traurig, L.L.P.,
represents the Debtors as counsel.  When Wickes Furniture Company
Inc. filed for protection from its creditors, it listed assets of
between $10 million and $50 million, and debts of $50 million to
$100 million.

                             *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.  
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
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.  Sheryl Joy P. Olano, Ronald C. Sy, Joel Anthony G. Lopez,
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Loyda I. Nartatez, Tara Marie A. Martin, Joseph Medel C. Martirez,
Ma. Cristina I. Canson, Christopher G. Patalinghug, and Peter A.
Chapman, Editors.

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

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The TCR subscription rate is $775 for 6 months delivered via e-
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                    *** End of Transmission ***