TCR_Public/081018.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, October 18, 2008, Vol. 12, No. 249

                             Headlines

ATA AIRLINES: Files Operating Report for Period Ended August 31
LANDSOURCE COMMS: Files Monthly Operating Report for August 2008
NEW CENTURY: Files Monthly Operating Report for July 2008
QUEBECOR WORLD: Files Monthly Operating Report for August 2008
REUNION INDUSTRIES: Earns $464,000 in Month Ended August 31

SEA CONTAINER: Files Monthly Operating Report for August 2008
STEVE & BARRY's: SB Manhattan's Operating Report for August 2008
TOUSA INC: Files Amended Schedules of Assets and Liabilities
TOUSA INC: Tousa Homes Files Amended Schedules of Assets & Debts
TOUSA INC: 3 Tousa Debtor-Affiliates File Amended Schedules

TOUSA INC: 10 Tousa Affiliates Amend Schedules of Assets

                             *********

ATA AIRLINES: Files Operating Report for Period Ended August 31
---------------------------------------------------------------
ATA Airlines Inc.'s chief restructuring officer Steve Turoff
filed with the U.S. Bankruptcy Court for the Southern District
of Indiana the airline's monthly operating report for the period
August 1 to 31, 2008.

Mr. Turoff disclosed that ATA Airlines had $3,014,801 in cash
profit and $331,436 in total payables for August.

The total professional fee incurred by or on behalf of ATA
Airlines during the reporting period is $627,302, for services
related to its bankruptcy.

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

RECEIPTS
   Military                                                 -
   Charter                                                  -   
   Scheduled Service                                        -
     U.S. Bank                                              -
     Amex                                                   -
     Discover                                               -
     Dinner's Club                                          -
     Other Scheduled Service                                -
   Asset Sales--Inventory                             $16,095
   Asset Sales--Ground Equipment                      313,782
   Asset Sales--Rotables                                    -
   Return of Deposits/Prepaids                        433,605
   Cash Collateral/LOCs                             1,844,451
   Interest                                            46,260
   Miscellaneous                                    1,892,532     
                                                 ------------
   Total                                           $4,546,725
                                                 ============

DISBURSEMENTS
   Base Payroll Inc. All Taxes                       $336,870
   Stay Bonus                                         101,828  
   Benefits                                            31,737
   Employee Expense Payments                               18
   Facilities                                         231,121   
   Utilities/Communications                            63,957
   Contract Labor                                      24,463
   Professionals                                      803,593    
   US Trustee                                               -
   Aircraft Ferry Cost                                      -
   Engine Changes/Certificate Mx                        6,427       
   Insurance--D&O/Misc.                                     -
   Health Insurance Run-off Reserve                         -
   Cobra Reserve                                            -
   Security                                               432
   Shipping/Cargo                                      23,211
   Returned Checks                                   (142,014)
   Miscellaneous                                       50,281    
                                                 ------------
   Total                                           $1,531,924
                                                 ============

Beginning Balance                                 $23,177,189
Receipts                                            4,546,724
Disbursements                                      (1,531,923)
                                                 ------------
Ending Balance                                    $26,191,989
                                                 ============

                        About ATA Airlines

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

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

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

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

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

The United States Trustee for Region 10 appointed five members to
the Official Committee of Unsecured Creditors.  Otterbourg,
Steindler, Houston & Rosen, P.C., serves as bankruptcy counsel to
the Committee.  FTI Consulting, Inc., acts as the panel's
financial advisors.  The Court gave ATA Airlines Inc. until
Feb. 26, 2009, to file its Chapter 11 plan and April 27, 2009, to
solicit acceptances of that plan.

(ATA Airlines Bankruptcy News, Issue No. 91; Bankruptcy Creditors'
Services Inc. http://bankrupt.com/newsstand/or 215/945-7000).   


LANDSOURCE COMMS: Files Monthly Operating Report for August 2008
----------------------------------------------------------------

              LandSource Communities Development, LLC
                    Consolidated Balance Sheet
                       As of August 31, 2008

Assets

   Cash                                            $11,140,038
   Recievables                                      36,536,034
   Inventories                                   1,373,763,518
   Operating Properties, net                        86,205,063
   Investment in unconsolidated entities            21,940,405
   Other assets                                     47,363,152
                                                --------------
      Total Assets                              $1,576,948,210
                                                ==============

Liabilities and Members' Capital

Liabilities

Prepetition
   Debt- Principal                                $246,414,305
   Debt - Accrued interest                          11,756,566
   Accounts payable                                 29,652,806
   Golf course / Other deposits                      7,889,156
   Payables to affiliates                           59,345,814
   Refundable Deposits owed affiliate               26,469,916
   Tenant deposits                                     463,797
   Other                                             4,391,489
                                                --------------
      Sub-total                                    386,383,849
                                                --------------
Postpetition
   Accounts payable                                  3,520,426
   Property tax accrual                              2,375,471
   Payables to affiliates                              582,570
                                                --------------
      Sub-total                                      6,478,467
                                                --------------
Others
   Debt- DIP Revolver                               14,672,624
   Debt - DIP Term Roll-Up                       1,032,853,563
   Development accruals                             38,161,763
   Accrued Employee Related Benefits                 7,775,271
   Non-qualified Pension Plan Accruals               5,685,622
   Reserves - school fees, energy remediation       15,119,129
   Non-refundable deposits                          30,900,799
   Deferred Revenue                                 91,169,701
   Other                                             3,435,433
                                                --------------
      Sub-total                                  1,239,773,905

   Members' Capital                                (55,688,102)
                                                --------------
   Total Liabilities and Members' Capital       $1,576,948,119
                                                ==============

             LandSource Communities Development, LLC
               Consolidated Statement of Operations
                   Month Ended August 31, 2008

Statistical Information
   Homesites sold to related parties                        $0
   Homesites sold to third parties                           0
   Acreage sold to related parties                           0
   Acreage sold to third parties                             0
   Homes sold to third parties                               0

Land Sale Operations
   Sales related parties                             2,229,645
   Sales to third parties                              399,415
                                                    ----------
      Total Land Sale Revenue                        2,629,060
                                                    ----------
   Cost of sales to related parties                  2,032,696
   Cost of sales to third parties                       61,442
                                                    ----------
      Total Cost of Land Sales                       2,094,138
                                                    ----------
Gross Margin on Land Sales Operations                  534,922

Home Sale Operations
   Sales                                                     0
   Cost of sales                                             0
                                                    ----------
Gross Margin on Home Sale Operations                         0
                                                    ----------
Operating Cost and Expenses
   Field, selling, general & administrative         14,050,566
   Management fees to related parties              (10,649,535)
                                                    ----------
      Total Operating Costs and Expenses             3,401,031
                                                    ----------
Other Operations, net
   Equity in earnings of unconsolidated entities      (335,127)
   Rental operations                                 1,094,118
   Club operations                                    (551,583)
   Interest income                                     318,995
   Interest expense                                (21,338,779)
   Loss on debt restructuring                                0
   Loss on interest rate swap termination          (25,392,563)
   Miscellaneous                                     7,017,879
                                                   -----------
      Total Other Operations, net                  (39,187,060)
                                                   -----------
Net Loss                                          ($42,053,169)
                                                   ===========

              LandSource Communities Development, LLC
     Consolidated Schedule of Cash Receipts and Disbursements
                   Month Ended August 31, 2008

Net Operating Cash Flow
   Housing revenue                                          $0
   Commercial Revenue                                2,141,741
   Other                                                     0
   Option deposits                                      23,562
   Less: Closing Costs                                   7,739
                                                    ----------
      Total Operating Inflows                        2,173,042
                                                    ----------
Operating Cash Outflows
   Master improvements & CFDs                       (8,342,390)
   Property tax                                       (383,332)
   General & Administrative                         (1,616,107)
   Other                                              (189,693)
   Management fees                                    (810,013)
                                                     ----------
      Total Operating Outflows                     (11,341,535)
                                                    ----------
      Total Net Operating Cash Flow                 (9,168,493)

Bankruptcy Disbursements
   Bankruptcy Payments                                       0
   Utility Deposits                                          0
   Mechanic's liens/Other                                    0
                                                    ----------
      Total Bankruptcy Payments                              0

DIP Interest and Fees
   DIP Facility interest                               (61,019)
   Undrawn fee                                         (76,912)
   DIP Facility fees                                         0
                                                    ----------
      Total DIP Interest and Fees                     (137,931)

   Restructuring professionals                        (214,733)

      Total Bankruptcy Disbursements                  (352,664)
                                                    ----------
      Total Net Cash Flow                          ($9,521,157)
                                                    ==========

Disbursement Per Debtor
   LandSource Communities Development, LLC          $1,288,794
   California Land Company                                   0
   Friendswood Development Company, LLC                    778
   Lennar Land Partners II                                   0
   Kings Wood Development Company, L.C.                      0
   LSC Associates, LLC                                       0
   Lennar Mare Island, LLC                             408,863
   LandSource Communities Development Sub, L                 0
   Lennar Moorpark, LLC                                  2,964
   Lennar Stevenson Holdings, LLC                            0
   The Newhall Land and Farming Company                      0
   LandSource Holding Company, LLC                   6,757,915
   LNR-Lennar Washington Square, LLC                 1,355,779
   Lennar Bressi Ranch Venture, LLC                          0
   The Newhall Land and Farming Company
     (a California Limited Partnership)              7,499,517
   NWI-IL GP, LLC                                            0
   Tournament Players Club at Valencia, LLC            354,807
   Southwest Communities Development, LLC              132,337
   Valencia Corporation                                      0
   Stevenson Ranch Venture, LLC                          7,304
   Valencia Realty Company                                   0
                                                   -----------
      Total Disbursement                           $17,809,058
                                                   ===========

                    About LandSource Communities

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

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

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

The Debtors' exclusive plan filing period expired on Oct. 6, 2008.
LandSource Bankruptcy News, Issue No. 13;
http://bankrupt.com/newsstand/or 215/945-7000).   


NEW CENTURY: Files Monthly Operating Report for July 2008
---------------------------------------------------------

           New Century Financial Corp. and Affiliates
                   Consolidated Balance Sheet
                       As of July 31, 2008

Assets

Current Assets:
Unrestricted Cash and Equivalents                   $81,374,149
Restricted Cash and Equivalents                      10,289,397
Accounts Receivable, Net                                      0
Notes Receivable                                              0
Inventories                                                   0
Prepaid Expenses                                              0
Professional Retainers                                        0
Other Current Assets                                  2,875,222
                                                 --------------
Total Current Assets                                 94,538,768
                                                 --------------
Property and Equipment                                1,923,797
Other Assets                                        146,818,540
                                                 --------------
Total Assets                                       $243,281,105
                                                 ==============

Liabilities and Owners' Equity

Liabilities Not Subject to Compromise (Postpetition):
   Accounts Payable                                          $0
   Professional Fees                                (14,754,334)
                                                 --------------
Total Postpetition Liabilities                      (14,754,334)

Liabilities Subject to Compromise (Prepetition):
   Secured Debt                                         402,427
   Priority Debt                                     11,323,226
   Unsecured Debt                                 1,132,682,465
                                                 --------------
Total Prepetition Liabilities                     1,144,408,118
                                                 --------------
Total Liabilities                                 1,129,653,784
                                                 --------------
Owner Equity:
   Capital Stock                                      4,530,047
   Additional Paid-in Capital                     2,170,845,310
   Partners' Capital Account                                  0
   Owners' Equity Account                                     0
   Retained Earnings - Prepetition               (1,083,442,468)
   Retained Earnings - Postpetition              (1,978,305,568)
   Adjustments to Owner Equity                                0
   Postpetition Contributions                                 0
                                                 --------------
Net Owner Equity                                   (886,372,679)
                                                 --------------
Total Liabilities and Owners' Equity               $243,281,105
                                                 ==============

           New Century Financial Corp. and Affiliates
             Consolidated Statement of Operations
                   Month Ended July 31, 2008

Revenues                                              ($101,157)
Cost of Goods Sold                                            0
Operating Expenses:
   Employee Benefits Programs                            (1,562)
   Insurance                                               (587)
   Office Expense                                        63,294
   Rent and Lease Expense                                44,073
   Salaries, Commissions, & Fees                        368,342
   Travel and Entertainment                               1,755
   Other                                                870,503
Depreciation, Depletion & Amortization                  100,088
                                                 --------------
Net Profit (Loss) before Other Income & Expenses     (1,547,063)
                                                 --------------
Reorganization Items
   Professional Fees                                  1,923,000
   Interest Earned for Accumulated Cash                 (91,654)
Income Taxes                                                  0
                                                 --------------
Net Profit (Loss)                                   ($3,378,409)
                                                 ==============

           New Century Financial Corp. and Affiliates
             Consolidated Statement of Operations
                   Month Ended July 31, 2008

Cash, Beginning of month                            $98,371,736

Total Receipts                                        1,801,058
Total Disbursements                                  (8,509,247)
                                                 --------------
Net Cash Flow                                        (6,708,190)
                                                 --------------
Cash, End of month                                  $91,663,546
                                                 ==============

                   About New Century Financial

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

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

The Court confirmed the Debtors' second amended joint Chapter 11
plan on July 15, 2008.  (New Century Bankruptcy News, Issue
No. 47; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).  


QUEBECOR WORLD: Files Monthly Operating Report for August 2008
--------------------------------------------------------------

                Quebecor World (USA), Inc., et al.
                      Combined Balance Sheet
                      As of August 30, 2008

                              ASSETS

Current Assets:
   Cash and Cash equivalents                       $152,400,000
   Accounts receivables                             531,900,000
   Trade and receivables                             51,600,000
   Inventories                                      151,700,000
   Future income taxes and tax receivable            18,700,000
   Prepaid Expenses                                  30,300,000
                                                  -------------
      Total current expenses                        936,600,000

Property, plant and equipment                     1,165,000,000
Goodwill                                            336,400,000
Restricted cash                                      32,300,000
Future income taxes                                     900,000
Other assets                                        302,800,000
                                                 --------------
TOTAL ASSETS                                     $2,774,000,000
                                                 ==============

               LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities not subject to compromise:
   Bank indebtedness                                $16,000,000
   Trade payables and accrued liabilities           246,900,000
   Payables to related parties                        3,100,000
   Income and other taxes payable                    15,000,000
   Current portion long-term debt                   491,800,000
   Combined Statement of Operations               2,866,200,000
                                                  -------------
      Total current liabilities                   3,639,000,000

Other liabilities not subject to compromise:
   Long-term debt                                     7,400,000
   Other liabilities                                132,200,000
   Future income taxes                              113,100,000

Shareholders equity:
   Capital stock                                  1,031,200,000
   Contributed surplus                              470,000,000
   Retained earnings                             (2,619,800,000)
   Accumulated other comprehensive loss                (900,000)
                                                 --------------
      Total Equity                               (1,117,700,000)
                                                 --------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY       $2,774,000,000
                                                 ==============

               Quebecor World (USA), Inc., et al.
                Combined Statement of Operations
              For the month ended August 30, 2008

Operating Revenues                                 $244,300,000

Operating expenses:
   Cost of sales                                    200,600,000
   Selling, general and administrative               13,500,000
   Depreciation and amortization                     14,000,000
                                                    -----------
      Total operating expenses                      228,100,000
                                                    -----------
Operating income                                     16,200,000

Financial expenses                                   25,200,000
Reorganization items                                  4,200,000
Income taxes                                         (1,600,000)
                                                     ----------
                                                     27,800,000
                                                    -----------
Net loss and comprehensive loss                    ($11,600,000)
                                                    ===========

                Quebecor World (USA), Inc.,  et al.
                 Combined Statement of Cash Flows
                 For Month Ended August 30, 2008

Cash flows from operating activities:
   Net loss                                        ($11,600,000)

   Adjustments for:
      Depreciation of property, plant and equipment  14,000,000
      Future income taxes                            (1,600,000)
      Amortization of other assets                      700,000
      Other                                            (800,000)
                                                    -----------
                                                        700,000
                                                    -----------

   Net changes in non-cash balances to operations:
      Accounts receivable                           (27,800,000)
      Inventories                                   (11,900,000)
      Trade payables and accrued liabilities         30,400,000
      Other current assets and liabilities           15,700,000
      Other non-current assets and liabilities      (24,300,000)
                                                     ----------
                                                      5,900,000
                                                     ----------
      Cash flows provided by (used in)
      operating activities                            6,600,000
                                                     ----------
   Cash flows from financing activities:
      Net change in bank indebtedness                 2,600,000
      Repayment of long-term debt obligations       
      under capital lease                             1,000,000
                                                     ----------
      Cash flows provided by (used in)
      operating activities                            3,600,000
                                                     ----------
   Cash flows from investing activities:
      Additions to property, plant and equipment     (4,300,000)
      Restricted cash related to insolvency
      proceedings                                             0
                                                     ----------
      Cash flows provided by (used in)
      operating activities                           (4,300,000)
                                                     ----------
Net changes in cash and cash equivalents              5,900,000
Cash and cash equivalents, beginning of period      146,500,000
                                                   ------------
Cash and cash equivalents, end of period           $152,400,000
                                                   ============

                       About Quebecor World

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

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

Ernst & Young, Inc., the monitor of Quebecor World Inc., and its
affiliates' reorganization proceedings under the Canadian
Companies' Creditors Arrangement Act, filed a petition under
Chapter 15 of the Bankruptcy Code before the U.S. Bankruptcy Court
for the Southern District of New York on September 30, 2008, on
behalf of QWI (Bankr. S.D.N.Y. Case No. 08-13814).  The Chapter 15
case is before Judge James M. Peck.  Kenneth P. Coleman, Esq., at
Allen & Overy LLP, in New York, serves as counsel to the Chapter
15 petitioner.

QWI and certain of its subsidiaries commenced the CCAA proceedings
before the Quebec Superior Court (Commercial Division) on Jan. 20,
2008.  The following day, 53 of QWI's U.S. subsidiaries, including
Quebecor World (USA), Inc., filed petitions under Chapter 11 of
the U.S. Bankruptcy Code.

The Honorable Justice Robert Mongeon oversees the CCAA case.  
Francois-David Pare, Esq., at Ogilvy Renault, LLP, represents the
company in the CCAA case.  Ernst & Young Inc. was appointed as
Monitor.

Quebecor World (USA) Inc., its U.S. subsidiary, along with other
U.S. affiliates, filed for chapter 11 bankruptcy before the U.S.
Bankruptcy Court for the Southern District of New York (Lead Case
No. 08-10152).  Anthony D. Boccanfuso, Esq., at Arnold & Porter
LLP, represents the Debtors in their restructuring efforts.  The
Official Committee of Unsecured Creditors is represented by Akin
Gump Strauss Hauer & Feld LLP.

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

QWI is the only entity involved in the CCAA proceedings that is
not a Debtor in the Chapter 11 Cases.

As of June 30, 2008, Quebecor World's unaudited consolidated
balance sheet showed total assets of $3,412,100,000 total
liabilities of $4,326,500,000 preferred shares of $62,000,000
and total shareholders' deficit of $976,400,000.

The Hon. Robert Mongeon of the Quebec Superior Court has extended
until Dec. 14, 2008, the stay under the Canadian Companies'
Creditors Arrangement Act.

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


REUNION INDUSTRIES: Earns $464,000 in Month Ended August 31
-----------------------------------------------------------
Reunion Industries, Inc. reported net income of $464,000 on net
sales of $1,437,000 for the month of August 2008.

As of Aug. 31, 2008, the Debtor had $24,908,000 in total assets,
$9,330,000 in total liabilities, and $15,578,000 in total
stockholders' equity.

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

               http://researcharchives.com/t/s?33f5

                     About Reunion Industries

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

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


SEA CONTAINER: Files Monthly Operating Report for August 2008
-------------------------------------------------------------

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

                            Assets

Current Assets
   Cash and cash equivalents                         $17,415,913
   Trade receivables, less allowances
      for doubtful accounts                              470,054
   Due from related parties                              354,463
   Prepaid expenses and other current assets             268,272
                                                    ------------
      Total current assets                            18,508,702

Fixed assets, net                                              -

Long-term equipment sales receivable, net                      -
Investments in group companies                       104,881,856
Intercompany receivables                                       -
Investment in equity ownership interests             231,956,649
Other assets                                           2,628,423
                                                    ------------
Total assets                                        $357,975,630
                                                    ============

             Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                  $13,669,636
   Accrued expenses                                   93,014,240
   Current portion of long-term debt                 173,184,721
   Current portion of senior notes                   385,661,949
                                                    ------------
      Total current liabilities                      665,530,546

Total shareholders' equity                          (307,548,916)
                                                    ------------
Total liabilities and shareholders' equity          $357,981,630
                                                    ============

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

Revenue                                               $1,643,767

Costs and expenses:
   Operating income                                            -
   Selling, general and admin. expenses                 (669,452)
   Professional fees                                  (4,818,208)
   Charges against intercompany accounts              12,007,784
   Impairment of investment in subsidy Co.            (3,877,945)
   Forgiveness of intercompany debt                            -
   Depreciation and amortization                               -
                                                    ------------
      Total costs and expenses                         2,642,179
                                                    ------------
Profit/(Loss) on sale of assets                            2,464
                                                    ------------
Operating income (loss)                                4,288,410

Other income (expense)
   Investment income                                      28,982
   Foreign exchange gains or (losses)                     38,233
   Interest expense, net                              (3,682,071)
                                                    ------------
Profit before taxes                                      673,554
Income tax expense                                      (283,383)
                                                    ------------
Profit after taxes                                      $390,171
                                                    ============

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

                            Assets

Current Assets
   Cash and cash equivalents                             $49,701
   Trade receivables                                       4,552
   Due from related parties (GE SeaCo)                    67,007
   Prepaid expenses and other current assets           1,227,561
                                                    ------------
      Total current assets                             1,348,820

Fixed assets, net                                          8,348

Investments                                            2,448,650
Intercompany receivables                              14,762,715
Other assets                                                   -
                                                    ------------
Total assets                                         $18,568,534
                                                    ============

             Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                      695,961
   Accrued expenses                                    3,289,939
   Current portion of long-term debt                   1,384,476
                                                    ------------
      Total current liabilities                        5,370,376

Total shareholders' equity                            13,198,158
                                                    ------------
Total liabilities and shareholders' equity           $18,568,534
                                                    ============

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

Revenue                                                 $964,939

Costs and expenses:
   Selling, general and admin. expenses                 (625,871)
   Professional Fees                                    (280,498)
   Depreciation and amortization                          (1,778)
                                                    ------------
      Total costs and expenses                          (908,147)
                                                    ------------

Gains on sale of assets                                        -
                                                    ------------
Operating income (loss)                                   56,791

Other income (expense)
   Interest income                                             -
   Foreign exchange gains (losses)                             -
   Interest expense, net                                 (13,335)
                                                    ------------
Profit (Loss) before taxes                                43,456
Income tax credit                                              -
                                                    ------------
Net Profit                                               $43,456
                                                    ============

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. 53;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


STEVE & BARRY's: SB Manhattan's Operating Report for August 2008
----------------------------------------------------------------

                Stone Barn Manhattan LLC, et al.
                  Consolidated Balance Sheet
                    As of August 31, 2008

                           ASSETS
Current Assets:
Unrestricted cash and equivalents                     $4,646,000
Restricted cash and equivalents                       28,200,000
Accounts receivable, net                                       0
Notes receivable                                               0
Inventories                                                    0
Prepaid expenses                                         867,000
Professional retainers                                         0
Other current assets                                   5,793,000
                                                    ------------
Total current assets                                  39,506,000
      
Property and equipment:   
Real property improvements                                    0
Machinery and equipment                                       0
Furniture, fixtures and office equipment                      0
Leasehold improvements                                        0
Vehicles                                                      0
Less: accumulated depreciation                                0
                                                   ------------
Total property & equipment                                    0
Other assets:
Amounts due from insiders                                     0
Other assets                                          5,083,000
                                                   ------------
Total other assets                                    5,083,000
                                                   ------------
TOTAL ASSETS                                        $44,589,000
                                                   ============
        
             LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities Not Subject to Compromise:
  (Postpetition)
Accounts payable                                        $540,000
Taxes payable                                          2,178,000
Wages payable                                            353,000
Notes payable                                                  0
Rent/leases - building/equipment                               0
Secured debt/adequate protection payments                      0
Professional fees                                      2,677,000
Amounts due to insiders                                        0
Other postpetition liabilities                           688,000
                                                    ------------
Total Postpetition liabilities                         6,436,000
                                                    ------------
Liabilities Subject to Compromise: (Prepetition)
Secured debt                                          29,166,000
Priority debt                                                  0
Unsecured debt                                        63,625,000
Other prepetition liabilities                        212,056,000
                                                    ------------
Total Prepetition Liabilities                        304,847,000
                                                    ------------
TOTAL LIABILITIES                                    311,283,000

Owners' Equity:
Capital stock                                                  0
Additional paid-in capital                                     0
Partners' capital account                                      0
Owners' equity account                                         0
Retained earnings -- prepetition                    (118,719,000)
Retained earnings -- postpetition                   (147,975,000)
Adjustments to owner equity                                    0
Postpetition contributions                                     0
                                                    ------------
TOTAL LIABILITIES & OWNERS' EQUITY                   $44,589,000
                                                    ============

                   Stone Barn Manhattan LLC, et al.
                Consolidated Statement of Operations
                For the Month Ended August 31, 2008    

Net revenue                                          $35,624,000
Cost of goods sold                                    28,106,000
Gross profit                                           7,518,000

Operating Expenses:
Advertising                                              (38,000)
Auto and truck expense                                     7,000
Bad debts                                                      0
Contributions                                                  0
Employee benefits programs                               650,000
Officer/insider compensation                              34,000
Insurance                                                536,000
Management fees/bonuses                                        0
Office expense                                          (498,000)
Pension & profit-sharing plans                                 0
Repairs and maintenance                                   84,000
Rent and lease expense                                 4,186,000
Salaries/commissions/fees                              7,297,000
Supplies                                                 165,000
Taxes - payroll                                          515,000
Taxes - real estates                                           0
Taxes - other                                                  0
Travel and entertainment                                  73,000
Utilities                                              1,046,000
Other                                                  1,744,000
                                                    ------------
Total Operating expenses Before Depreciation          15,801,000

Depreciation/depletion/amortization                    3,464,000
                                       
Net Profit (Loss) Before Other Income & Expenses     (11,747,000)
                                      
Other Income and Expenses:
Other income and expenses                                      0
Interest expense                                         781,000
Other expense                                                  0
                                                    ------------
Net Profit (Loss) Before Reorganization Items        (12,528,000)

Reorganization Items:                       
Professional fees                                      3,634,000
U.S. trustee quarterly fees                                    0
Interest earned on accumulated cash from                       0
   Chapter 11          
Gain (Loss) from sale of equipment                  (380,967,000)
Other reorganization expenses                        115,394,000
                                                   -------------
Total Reorganization Expenses                       (269,207,000)
Income taxes                                                   0
                                                   -------------
Net Profit (Loss)                                  ($281,735,000)
                                                   =============

                   Stone Barn Manhattan LLC, et al.
             Schedule of Cash Receipts & Disbursement
               For the Month Ended August 31, 2008            

Cash - Beginning of Month                             $9,219,206

Receipts:                                       
Cash sales                                            33,966,659
Accounts receivable -- prepetition                             0
Accounts receivable -- postpetition                            0
Loans and advances                                             0
Sale of assets                                       138,550,000
Other                                                  1,560,448
Transfers                                                      0
                                                   -------------
Total Receipts                                       174,077,107

Disbursements:
Net payroll                                            2,260,204
Payroll taxes                                             71,957
Sales, use & other taxes                               2,112,095
Inventory purchases                                      323,964
Secured/rental/leases                                     90,929
Insurance                                                491,318
Selling, general & administrative                     12,046,783
Other                                                153,833,418
Owner draw                                                     0
Transfers                                              5,941,969
Professional fees                                      2,509,487
U.S. trustee quarterly fees                                    0
Court costs                                                    0
                                                    ------------
Total Disbursements                                  179,682,126
                                                    ------------
Net cash flow                                         (5,605,019)
                                                    ------------
Cash -- End of Month                                  $3,614,187
                                                    ============

                      About Steve & Barry's

Headquartered in Port Washington, New York, Steve and Barry's LLC
-- http://www.steveandbarrys.com/-- is a national casual
apparel retailer that offers high quality merchandise at low
prices for men, women and children.  Founded in 1985, the company
operates 276 anchor and junior anchor shopping center and mall-
based locations throughout the U.S.  The discount clothing chain's
brands include the BITTEN(TM) collection, the first-ever apparel
line created by actress and global fashion icon Sarah Jessica
Parker, and the STARBURY(TM) collection of athletic and lifestyle
apparel and sneakers created with NBA (R) star Stephon Marbury.

Steve & Barry's LLC, and 63 affiliates filed separate voluntary
petitions under Chapter 11 on July 9, 2008 (Bankr. S.D. N.Y. Lead
Case No. 08-12579).  Lori R. Fife, Esq., and Shai Waisman, Esq.,
at Weil, Gotshal & Manges, LLP, represent the Debtors in their
restructuring efforts.

Diana G. Adams, United States Trustee for Region 2, has appointed
seven members to the Official Committee of Unsecured Creditors in
the Debtors' Chapter 11 cases.

On Aug. 22, 2008, the Debtors obtained permission from the Court
to sell substantially all of their assets for $168 million to a
joint venture by Bay Harbour Management and York Capital, BHY S&B
Holdings, LLC.  Under the terms of the purchase agreement,
majority of the Debtors' 276 stores will remain open.

Pursuant to the Purchase Agreement, the Court authorized 51
Debtors to change their corporate names.  Lead Debtor Steve &  
Barry's Manhattan LLC (Case No. 08-12579) has been changed to  
Stone Barn Manhattan LLC.  Parent company Steve & Barry's LLC  
(Case No. 08-12615) is now known as Steel Bolt LLC.

When the Debtors filed for bankruptcy, they listed $693,492,000 in
total assets and $638,086,000 in total debts.


TOUSA INC: Files Amended Schedules of Assets and Liabilities
------------------------------------------------------------  
TOUSA, Inc., amended its Schedules of Assets and Liabilities to
disclose $2,103,412,931 in total assets and $1,268,330 in total
liabilities.  The Debtor reported to have creditors holding
unsecured priority claims comprised of wages for $1,089,333 and
unsecured non-priority claims aggregating $178,996.

                         About TOUSA Inc.

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


TOUSA INC: Tousa Homes Files Amended Schedules of Assets & Debts
----------------------------------------------------------------
In an amended Schedules of Assets and Liabilities, TOUSA Homes,
Inc., reported total assets of $1,194,095,250 and total
liabilities of $9,884,943.  TOUSA Homes has liabilities in (i)
secured claims aggregating $2,112,224, (ii) unsecured non-
priority claims for $7,772,719, and (iii) unsecured priority
claims at $0.

                         About TOUSA Inc.

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


TOUSA INC: 3 Tousa Debtor-Affiliates File Amended Schedules
-----------------------------------------------------------
Three debtor affiliates of TOUSA, Inc., amended their reported
assets ranging from $100,000,000 to $300,000,000.

  Debtor                               Assets          Debts
  ------                            ------------     ----------
  Newmark Homes LP                  $266,929,576     $2,132,802
  Newmark Homes, LLC                 195,823,329              0
  TOUSA Homes Florida, LP            149,316,999      2,813,815

                         About TOUSA Inc.

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


TOUSA INC: 10 Tousa Affiliates Amend Schedules of Assets
--------------------------------------------------------
Ten debtor affiliates of TOUSA, Inc., amended their reported
assets ranging from $0 to $45,000,000:

  Debtor                                 Assets         Debts
  ------                              -----------    -----------
  Reflection Key, LLC                  $7,975,767        $50,580
  LB/TE #1, LLC                         5,063,168          2,474
  Engle Homes Residential Construction  2,440,932      9,030,310
  Engle Sierra Verde P5, LLC            2,219,640         67,873
  Engle/Gilligan, LLC                     733,341         12,355
  Engle Sierra Verde P4, LLC              239,938         41,567
  TOUSA Associates Services Company        54,134      2,108,127
  TOUSA Homes, LP                          33,867      3,877,628
  Newmark Homes Purchasing, LP             13,274              0
  Lorton South Condominium, LLC             4,999          4,408

                         About TOUSA Inc.

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. 21; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).
                             
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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.  Julybien D. Atadero, Sheryl Joy P. Olano, Ronald C. Sy, Joel
Anthony G. Lopez, Cecil R. Villacampa, Ludivino Q. Climaco, Jr.,
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.

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

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