TCR_Public/081101.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, Nov. 1, 2008, Vol. 12, No. 261

                             Headlines


ASARCO LLC: Files Monthly Operating Report for September 2008
BUFFETS HOLDINGS: Posts $41.5MM Net Loss in Month Ended Sept. 24
BUFFETS HOLDING: Hometown's Schedules of Assets and Liabilities
BUFFETS HOLDING: Fire Amends Schedules of Assets & Liabilities
CADENCE INNOVATION: Files Initial Monthly Operating Report

CADENCE INNOVATION: Files Operating Report for September 2008
CADENCE INNOVATION: Files Operating Report for August 2008
HINES HORTICULTURE: Hines Nurseries Files Sept. Operating Report
LEVITT & SONS: Files Operating Report for Month Ended Sept. 30
LEVITT & SONS: Wachovia Debtors' September 2008 Financial Reports

LUMINENT MORTGAGE: Files Operating Reports for September 2008
NEUMANN HOMES: Files Operating Report for Month Ended September 30
SEMGROUP LP: Files Schedules of Assets and Liabilities
SEMGROUP LP: SemCanada's Schedules of Assets and Liabilities
SEMGROUP LP: SemCrude Files Schedules of Assets and Liabilities

SEMGROUP LP: SemManagement's Schedules of Assets and Liabilities
SEMGROUP LP: SemCrude Files Operating Report For August 2008
SEMGROUP LP: SemCrude Posts Amended Net Loss of $280MM for July
SHARPER IMAGE: Posts $1.4MM Net Loss for Month Ended September 30
STEVE AND BARRY'S: Stone Barn's September 2008 Operating Report

TOUSA INC: Files Operating Report for Month Ended September 3


                             *********

ASARCO LLC: Files Monthly Operating Report for September 2008
-------------------------------------------------------------

                      ASARCO LLC, et al.
                         Balance Sheet
                   As of September 30, 2008

ASSETS
  Current Assets:
  Cash                                           $1,276,853,000
  Restricted Cash                                    24,936,000
  Accounts receivable, net                          182,951,000
  Inventory                                         302,602,000
  Prepaid expenses                                   14,874,000
  Other current assets                               15,181,000
                                                 --------------
Total Current Assets                             $1,817,396,000

Net property, plant and equipment                   503,986,000
Other Assets:
  Investments in subs                                78,381,000
  Advances to affiliates                                533,000
  Prepaid pension & retirement plan                           -
  Non-current deferred tax asset                              -
  Other                                              56,819,000
                                                 --------------
Total assets                                     $2,457,115,000
                                                 ==============

LIABILITIES
  Postpetition liabilities:
  Accounts payable - trade                          $83,697,000
  Accrued liabilities                               736,957,000
                                                   ------------
Total postpetition liabilities                     $820,654,000

Prepetition liabilities:
Not subject to compromise - credit                    3,145,000
Not subject to compromise - other                   100,191,000
Advances from affiliates                             24,870,000
Subject to compromise                             3,401,197,000
                                                 --------------
Total prepetition liabilities                    $3,529,404,000
                                                 --------------
Total liabilities                                $4,350,058,000
                                                 ==============

OWNERS' EQUITY (DEFICIT)
Common stock                                       $508,324,000
Additional paid-in capital                          104,578,000
Other comprehensive income                         (234,011,000)
Retained earnings: filing date                   (3,443,143,000)
                                                 --------------
Total prepetition owners' equity                 (3,064,253,000)
Retained earnings: post-filing date               1,171,310,000
                                                 --------------
Total owners' equity (net worth)                 (1,892,942,000)
                                                 --------------
Total liabilities and owners' equity             $2,457,115,000
                                                 ==============

                      ASARCO LLC, et al.
             Consolidated Statement of Operations
                Month Ended September 30, 2008

Sales                                               $142,183,000
Cost of products and services                         98,659,000
                                                   -------------
Gross profit                                          43,524,000

Operating expenses:
Selling and general & admin expenses                   3,237,000
Depreciation & amortization                            4,339,000
Provision accretion expense of asset
  retirement obligation                                  535,000
                                                   -------------
Operating income                                      35,413,000

Interest expense                                           3,000
Interest income                                       (2,544,000)
Reorganization expenses                                5,088,000
Other miscellaneous (income) expenses                 (6,937,000)
                                                   -------------
Income (loss) before taxes                            39,802,000
Income taxes                                          12,113,000
                                                   -------------
Net income                                           $27,689,000
                                                   =============

                      ASARCO LLC, et al.
          Consolidated Cash Receipts & Disbursements
                Month Ended September 30, 2008

Receipts
Disbursements:
Inventory material                                   $39,327,000
Operating disbursements                               74,637,000
Capital expenditures                                   2,362,000
                                                  -------------
Total disbursements                                  116,326,000

Operating cash flow                                   40,070,000
Reorganization disbursements                           9,361,000
                                                  --------------
Net cash flow                                         30,709,000
Net payments to secured Lenders                                -
                                                  --------------
Net change in cash                                    30,709,000
Beginning cash balance                             1,271,080,000
                                                  --------------
Ending cash balances                              $1,301,789,000
                                                  =============

                        About ASARCO LLC

Based in Tucson, Arizona, ASARCO LLC -- http://www.asarco.com/--         
is an integrated copper mining, smelting and refining company.
Grupo Mexico S.A. de C.V. is ASARCO's ultimate parent.

The company filed for Chapter 11 protection on Aug. 9, 2005
(Bankr. S.D. Tex. Case No. 05-21207).  James R. Prince, Esq., Jack
L. Kinzie, Esq., and Eric A. Soderlund, Esq., at Baker Botts
L.L.P., and Nathaniel Peter Holzer, Esq., Shelby A. Jordan, Esq.,
and Harlin C. Womble, Esq., at Jordan, Hyden, Womble & Culbreth,
P.C., represent the Debtor in its restructuring efforts.  Lehman
Brothers Inc. provides the ASARCO with financial advisory services
and investment banking services.  Paul M. Singer, Esq., James C.
McCarroll, Esq., and Derek J. Baker, Esq., at Reed Smith LLP give
legal advice to the Official Committee of Unsecured Creditors and
David J. Beckman at FTI Consulting, Inc., gives financial advisory
services to the Committee.

When the Debtor filed for protection from its creditors, it listed
$600 million in total assets and $1 billion in total debts.

The Debtor has five affiliates that filed for chapter 11
protection on April 11, 2005 (Bankr. S.D. Tex. Case Nos.
05-20521 through 05-20525).  They are Lac d'Amiante Du Quebec
Ltee, CAPCO Pipe Company, Inc., Cement Asbestos Products Company,
Lake Asbestos of Quebec, Ltd., and LAQ Canada, Ltd.  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 US$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
US$2.7 billion in cash as well as a US$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.

Amended versions of the competing plans have been filed with the
Court.

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

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


BUFFETS HOLDINGS: Posts $41.5MM Net Loss in Month Ended Sept. 24
----------------------------------------------------------------

                      Buffets Holdings, Inc.
                           Balance Sheet
                      As of September 24, 2008

                             ASSETS

Current Assets:
Cash on Hand - drawer                                $1,379,613
Total depository account                              4,225,256
Temporary investments                                36,000,000
Cash                                                  5,269,661
                                                 --------------
Total cash & cash equivalents                        46,874,530

Receivables-landlord                                    222,177
Credit card receivables                               1,375,759
Intercompany                                                 (0)
Total rebates receivable                              5,246,916
Accounts receivable                                   1,735,314
Due to/From affiliate                                         0
                                                 --------------
Total Receivables                                     8,580,166

Inventory                                            36,546,309
                                                 --------------
Total Inventories                                    36,546,309

Restricted cash                                       2,556,597

Employee advances                                        28,882
Escrow deposits - short term                            629,109
Deposits - prefunded LC - current                    15,611,860
Prepaid car leases                                       21,567
Prepaid Insurance                                       981,336
Prepaid rent                                          1,872,003
Prepaid other                                         1,975,469
Prepaid advertising                                   9,487,430
Prepaid rent escrow                                     156,845
Notes receivable - short term                            13,974
                                                 --------------
Total prepaid expenses & other assets                30,778,475

Assets held for sale                                         (0)

Deferred income taxes - current                      13,651,000
Deferred tax valuation allowance - current          (13,651,000)
                                                 --------------
Total current assets                                125,336,078

Cabinet division inventory                            4,758,033
Corporate inventory                                     610,599
Proceeds of sale clearing account                        (1,200)
CIP - non system                                        580,777
Land                                                  9,298,836
Building                                              5,585,015
Accumulated depreciation - building                    (832,627)
Leasehold improvement                               155,558,218
Accumulated amortization                            (93,119,233)
Equipment                                           218,887,904
Accumulated depreciation - equipment               (135,836,204)
Automobile                                              315,330
Accumulated depreciation - auto                        (183,721)
Assets to be sold - PP&E                             16,364,294
Accumulated depreciation - assets to be sold            (62,421)
                                                 --------------
Total property, plant & equipment, net              181,923,600

Goodwill                                            117,933,181
Intellectual property                                         0
Acquisition costs                                    18,133,818
                                                 --------------
Total goodwill                                      136,126,999

Deferred income taxes - non-current                  99,895,000
Deferred tax valuation allowance - non-current      (99,895,000)

Liquor licenses                                         343,681
Leasehold interest                                    1,492,130
Recipes                                               2,106,555
Trademark                                            56,600,000
                                                 --------------
Total other intangible assets                        60,542,367

Prepaid rent deposits                                 1,749,188
Deposits                                              3,724,560
Deposits - other long term                               67,865     
Insurance loss deposits                                 353,520
Investments in subsidiaries                              31,045
Interest rate swap                                            0
Total debt issuance costs                            39,272,249
Total accum. amortization debt issuance costs       (14,371,878)
Notes receivable from subsidiaries                            0
Total notes receivable - long term                        9,421
Split Dollar Life Ins. Receivable                     2,169,580
                                                 --------------
Total other noncurrent assets                        33,005,550

Total assets                                       $536,934,594
                                                 ==============

               LIABILITIES & SHAREHOLDERS' EQUITY

Current liabilities:
Accounts payable - prepetition                      $24,456,784
Accounts payable - postpetition                      38,427,704
COD Clearing                                          9,081,392
Misc. accruals - restaurant level                        (2,608)
Misc accruals - WIS                                           0
Misc. accruals - corp level                           5,088,174
                                                 --------------
Total accounts payable                               77,051,446

Accrued 401(k)                                          884,515
Accrued payroll                                      12,142,662
Accrued bonus                                           719,203
Accrued payroll taxes                                 3,817,500
Accrued vacation                                      6,753,650
                                                 --------------
Total accrued compensation                           24,317,530

Accrued insurance - auto                                 12,972
Accrued insurance - general liability                14,840,417
Accrued insurance - other                             3,185,692
                                                --------------
Total accrued insurance                              18,039,081

Accrued percentage rent                               1,392,846
Accrued interest - short term                        26,596,100
Accrued property taxes                                9,506,971
Accrued postage                                          19,745
Accrued advertising                                     702,678
Accrued liabilities - other                          16,832,925
Deferred income - current                                53,976
                                                 --------------
Total other accrued liabilities                      55,105,240

Gift certificates/gift cards                          4,169,324
Cash receipts suspense                                  100,000
Workers compensation payable                         22,390,171
Lease rejection claims reserve                       50,237,330
Sales/Use tax payable                                 5,549,144
Accrued restaurant closing costs                      2,100,628
                                                 --------------
Total accrued liabilities                           182,008,449

Income taxes payable                                 (3,554,566)
Estimated income taxes                                  432,419
                                                 --------------
Total income taxes payable                           (3,122,147)

Current maturities of long-term debt                  5,300,000
Short term borrowings                                56,300,000
Short term borrowings - DIP                          80,300,000
Short term borrowings - vendor LC draws               5,936,168
                                                 --------------
Total current liabilities                           403,773,916

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

Accrued rent                                         45,949,417

Deferred Income tax                                  22,793,000
Income tax payable - non-current                     23,808,000

Long term sublease deposits                              33,905
Post retirement benefits payable                         19,866
Total deferred income                                 5,921,578
                                                 --------------
Total other long-term liabilities                     5,975,348
                                                 --------------
Total non-current liabilities                       917,253,765
                                                 --------------
Total liabilities                                 1,321,027,682
                                                 --------------
Shareholders' Equity:
Capital Stock                                            63,358
Additional paid in capital                              835,631

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

Accum other comprehensive income                              0

Dividends paid to shareholders                     (101,164,801)
Retained earnings                                  (630,165,639)
Level 8 profit/loss                                 (53,661,636)
                                                 --------------
Retained earnings                                  (784,992,076)

Total shareholders' equity                         (784,093,088)

Total liabilities & Stockholders' equity           $536,934,594
                                                 ==============

                      Buffets Holdings, Inc.
                         Income Statement
              For the month ended September 24, 2008

Total sales                                        $102,232,273
Total food cost                                      36,155,406
Total labor                                          30,604,151
Operating costs                                      15,281,610
Occupancy costs                                               -

Total DIR & O/C                                      13,094,984
                                                 --------------
Total restaurant costs                               95,136,152
                                                 --------------
Restaurant profit (level 4)                           7,096,121

Total SG&A Expense                                    7,852,258

Closed restaurant costs                                  21,912
Impairment Cost                                      15,483,059
Merger/integration costs                                    960
                                                 --------------
Earnings from operations                            (16,262,067)

Other income (expense)
Franchise income                                        (18,889)
Interest income                                             411
Interest expense                                     (6,315,696)
Other income (expense)                                   89,677
Loss related to refinancing                                   0
Reorganization Costs                                (18,682,617)
Net Worth Tax                                          (312,933)
Intercompany                                                  0
                                                 --------------
Total other income (expense)                        (25,240,047)
                                                 --------------
Earnings before tax                                 (41,502,114)

Net worth tax                                                 
Income taxes                                                 0
                                                 --------------
Net earnings (loss)                                ($41,502,114)
                                                 ==============

                     Buffets Holdings, Inc.
           Schedule of Cash Receipts & Disbursements
               For the month ended September 24, 2008

Cash Receipts (inc. Sales tax):
Cash receipts                                          $65,647
Credit card                                             42,833
                                                 --------------
                                                        108,480

Receipts
(Gift card usage)                                             0
Rebates, other                                             625
                                                 --------------
Total cash receipts                                     109,105

Operating Disbursements:
A/P
  Check                                                   7,830
  EFT                                                    55,104
Change in trade terms                                    (2,018)

Payroll                                                  34,585
Rent (Cash occupancy)                                     8,161
Sales tax                                                 8,104
Other operating                                               0
                                                 --------------
Total operating disbursements                           111,766
                                                 --------------
Net operating cash flows                                 (2,661)

Non-operating Disbursements (Receipts):
Income tax                                                   0
Total CapEx                                              2,284
Professional fees, inc. holdbacks                        2,031
Closed restaurant costs                                      0
Deposits (Utility)                                           0
Other                                                    3,353
Cash (Proceeds) from asset sales                             0
                                                 --------------
Total non-operating disbursements                         7,668

Financing Payments:
Interest expense                                         5,301
Interest (income)                                         (109)
DIP Fees/other                                               0
Principal payments                                         600
Total financing disbursements                             5,792
                                                 --------------
Total net disbursements                                 125,226

Net cash receipts (disbursements)                      ($16,121)
                                                 ==============

                     About Buffets Holding Inc.

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 Feb. 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. 23; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


BUFFETS HOLDING: Hometown's Schedules of Assets and Liabilities
---------------------------------------------------------------
Hometown 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 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
   -------------------                         ------------
   Alexander Jordan                  Disputed, Unliquidated
   Alfredo Lazaro                    Disputed, Unliquidated
   Estuardo A. Tzoc                  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 have until November 9, 2008, to file a
claim.

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 Feb. 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. 23; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


BUFFETS HOLDING: Fire Amends Schedules of Assets & Liabilities
--------------------------------------------------------------
Fire Mountain Restaurants, LLC, amends its Schedules of Assets and
Liabilities to include Charles Boardman, holder of a disputed and
unliquidated claim in its list of creditors holding unsecured
non-priority claims -- Schedule F.

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

Ms. Morgan explains that 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 have until Nov. 9, 2008, to file
a claim.

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 Feb. 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. 23; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


CADENCE INNOVATION: Files Initial Monthly Operating Report
----------------------------------------------------------
On Oct. 11, 2008, Cadence Innovation, LLC, delivered to the
Court an initial monthly operating report appending its 13-week
DIP update as of Sept. 26, 2008, accessible for free at:
http://bankrupt.com/misc/Cadence13WeekDIPUpdateSept2008.pdf

Moreover, Cadence and New Venture Holdings, LLC, also disclosed
their insurance policy covering employee's liability, worker's
compensation and automobile liability issued by Liberty Mutual
Group.  The insurance policy expires on July 1, 2009.
Cadence is also enrolled under Marsh USA, Inc.'s (i) financial
and professional insurance package for Cadence's directors and
officers' liability and (ii) marine insurance for open cargo with
policy limit at $800,000.

Pursuant to the Cash Management Interim Order, the Debtors
disclose that they have bank accounts at JP Morgan, Bank of
America and Bank of Tokyo Mitsubishi.

Moreover, the Debtors have paid retainer fees to these
professionals beginning July 2, 2008:

         Professional               Retainer
         ------------               --------
         Cole Schotz                 250,000
         Katten Muchin               225,000
         Cole Schotz                 175,000
         Katten Muchin               150,000
         Katten Muchin               150,000
         Butzel Long                 142,000
         Katten Muchin               100,000
         Cole Schotz                 100,000
         Cole Schotz                 100,000
         Butzel Long                  50,000
         Katten Muchin                50,000
         Kurtzman Carson              25,000
                                  ----------
                                  $1,517,000

The Debtors also paid to Cole Schotz $1,039 as expense advance.

A detailed copy of the Initial Monthly Operating Report is
accessible for free at: http://ResearchArchives.com/t/s?33c1


                    About Cadence Innovation

Headquartered in Troy, Michigan, Cadence Innovation LLC --
http://www.cadenceinnovation.com/-- manufactures and sells auto      
parts to its customers GM and Chrysler.  The company has at least
4,200 employees in the United States and Europe, including Hungary
and Czech Republic.  The company and its debtor-affiliate, New
Venture Real Estate Holdings, LLC, filed for Chapter 11
reorganization on Aug. 26, 2008 (Bankr. D. Del. Lead Case No.
08-11973).  Norman L. Pernick, Esq. and Patrick J. Reilley, Esq.,
at Cole, Schotz, Meisel, Forman & Leonard, represent the Debtors
as counsel.  When the Debtors filed for protection from their
creditors, they listed assets of between $10 million and
$50 million, and debts of between $100 million and $500 million.  

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


CADENCE INNOVATION: Files Operating Report for September 2008
-------------------------------------------------------------

                     Cadence Innovation LLC
                     Unaudited Balance Sheet
                     As of September 30, 2008

ASSETS:
  Cash                                             $1,781
  Accounts Receivable, Net                         35,032
  Manufacturing Inventories, Net                   14,311
  Tooling Inventories, Net                            156
  I/C Receivable/Payable                          (52,907)
  Prepaid Expenses and other current assets         1,844
  Professional Retainers                            1,439
  Assets held for Sale                              3,700
                                                ---------
    Total current assets                            5,336
  Property, Plant & Equipment
    Capital Leases                                  1,809
    Land                                           10,121
    Building and Improvements                      26,499
    Machinery & Equipment                          61,317
    Office & Transportation Equipment               4,312
    Construction-in-Progress                          767
                                                ---------
   Total Property, Plant and Equipment            104,824
   Accumulated Depreciation                       (20,070)
                                                ---------
  Net Property, Plant and Equipment                84,754
  Loans to Insiders                                     -
  Intangible Assets, Net                              674
  Other Non-current Assets                          3,587
                                                ---------
      TOTAL ASSETS                                $94,059
                                                =========

LIABILITIES:
Postpetition Liabilities:
Accounts Payable                                 (11,395)
Accrued Accounts Payable                          11,560
Accrued Wages                                      1,006
Accrued Taxes-Payroll                                 92
Accrued Fringe Benefits                            3,708
Accrued Taxes-Property                                 4
Accrued Severance                                      -
Amounts due to Insiders                                -
                                                ---------
Total Postpetition Liabilities                     4,975

Prepetition Liabilities:
Secured Debt                                      18,110
Priority Debt                                          -
Unsecured Debt                                   109,721
                                                ---------
Total Prepetition Liabilities                    127,832
                                                ---------
EQUITY:
Owners Capital                                    302,123
Retained Earnings ? Prepetition                  (339,643)
Retained Earnings ? Postpetition                        -
Accumulated Depreciation                           (1,228)
                                                ---------
TOTAL LIABILITIES AND EQUITY                       $94,059
                                                =========

                    Cadence Innovation LLC
                 Unaudited Operating Statement
                 Month Ended September 30, 2008

Total Revenue/Sales                                $31,562
Cost of Sales                                       24,340
                                                ---------
   Gross Profit                                     7,222

Expenses:
  Advertising                                           -
  Auto and Truck Expense                                -
  Bad Debts                                             -
  Contributions                                         -
  Employee Benefit Programs                         1,334
  Insider Compensation                                114
  Insurance                                            71
  Management Bonuses                                    -
  Office Expenses                                       -
  Pension and Profit Sharing Plans                      -
  Professional Fees - Non Bankruptcy                  295
  Repairs and Maintenance                              22
  Rent and Lease Expense                              539
  Salaries/Commissions/Fees                         1,106
  Supplies, Office Expense, etc                         7
  Taxes-Payroll                                       299
  Taxes-Real Estate                                   178
  Taxes-Other                                           -
  Travel and Entertainment                             18
  Utilities                                            45
  Other                                               (95)
                                                ---------
   Total Expenses                                   3,931
   Depreciation                                       873
                                                ---------
Net Profit (Loss)                                    2,418
                                                 ---------
Other Income                                             7
Interest Expense                                       995
Gain/Loss from discontinued operations                  13
Intercompany transfers                                   -
                                                ---------
Net Profit (Loss)                                    1,402
                                                ---------
Reorganization items
Professional Items                                  2,529
Trustee Fees                                           30
Interest earned on accumulated cash                    -
                                                ---------
  Total Reorganization Expenses                     2,559
Income Taxes                                             -
                                                ---------
NET INCOME/(LOSS)                                  ($1,156)
                                                =========

                   Cadence Innovation LLC
          Schedules of Receipts and Disbursements
           For the month ended September 30, 2008

Cash - Beginning of Month                           $4,069

Receipts:
  Cash Sales                                            -
  Accounts Receivable                              59,652
  Loans and Advances                              (29,800)
  Sale of Assets                                        -
  Other                                                 -
                                                ---------
  Total Receipts                                   29,852

Disbursements:
  Net Payroll                                       3,350
  Contract Labor                                      485
  Payroll Taxes                                     1,351
  Sales, Use and other Taxes                            -
  Inventory Purchases                              24,333
  Capital Expenditures - Machinery & Equipment        310
  Employee Expenses                                    28
  Insurance                                            17
  Rent and Leases                                     165
  Purchased Services                                  502
  Utilities                                           296
  Tooling                                             595
  Other                                                91
  Operating and Maintenance Supplies                  595
  Owner Draw                                            -
  Legal and Professional Fees                           2
  U.S. Trustee Quarterly Fees                           1
  Court Costs                                          20
                                                ---------
  Total Disbursements                              32,140
                                                ---------
Net Cash Flow                                       (2,288)
                                                ---------
Cash - End of Month                                 $1,781
                                                =========

            New Venture Real Estate Holdings, LLC
                 Unaudited Balance Sheet
                   As of August 31, 2008

ASSETS:
  Cash                                                  -
  Accounts Receivable, Net                              -
  Manufacturing Inventories, Net                        -
  Tooling Inventories, Net                              -
  I/C Receivable/Payable                          $40,768
  Prepaid Expenses and other current assets             -
  Professional Retainers                                -
  Assets held for Sale                                  -
                                                ---------
  Total current assets                             40,768

  Property, Plant & Equipment
    Capital Leases                                      -
    Land                                                -
    Building and Improvements                           -
    Machinery & Equipment                               -
    Office & Transportation Equipment                   -
    Construction-in-Progress                            -
                                                ---------
    Total Property, Plant and Equipment                 -
    Accumulated Depreciation                            -
                                                ---------
  Net Property, Plant and Equipment                     -
  Loans to Insiders                                     -
  Intangible Assets, Net                                -
  Other Non-current Assets                              -
                                                ---------
     TOTAL ASSETS                                 $40,768
                                                =========
LIABILITIES:
Postpetition Liabilities:
  Accounts Payable                                      -
  Accrued Accounts Payable                              -
  Accrued Wages                                         -
  Accrued Taxes-Payroll                                 -
  Accrued Fringe Benefits                               -
  Accrued Taxes-Property                                -
  Accrued Severance                                     -
  Amounts due to Insiders                               -
                                                ---------
   Total Postpetition Liabilities                       -

Prepetition Liabilities:
  Secured Debt                                          -
  Priority Debt                                         -
  Unsecured Debt                                        -
                                                ---------
   Total Prepetition Liabilities                        -

EQUITY:
Owners Capital                                          -
Retained Earnings - Prepetition                    40,768
Retained Earnings - Postpetition                        -
Accumulated Deficit                                     -
                                                ---------
     TOTAL LIABILITIES AND EQUITY                 $40,768
                                                =========

                    About Cadence Innovation

Headquartered in Troy, Michigan, Cadence Innovation LLC --
http://www.cadenceinnovation.com/-- manufactures and sells auto      
parts to its customers GM and Chrysler.  The company has at least
4,200 employees in the United States and Europe, including Hungary
and Czech Republic.  The company and its debtor-affiliate, New
Venture Real Estate Holdings, LLC, filed for Chapter 11
reorganization on Aug. 26, 2008 (Bankr. D. Del. Lead Case No.
08-11973).  Norman L. Pernick, Esq. and Patrick J. Reilley, Esq.,
at Cole, Schotz, Meisel, Forman & Leonard, represent the Debtors
as counsel.  When the Debtors filed for protection from their
creditors, they listed assets of between $10 million and
$50 million, and debts of between $100 million and $500 million.  

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


CADENCE INNOVATION: Files Operating Report for August 2008
----------------------------------------------------------

                      Cadence Innovation LLC
                      Unaudited Balance Sheet
                       As of August 31, 2008

ASSETS:
  Cash                                             $4,069
  Accounts Receivable, Net                         68,824
  Manufacturing Inventories, Net                   13,925
  Tooling Inventories, Net                         (4,781)
  I/C Receivable/Payable                          (52,790)
  Prepaid Expenses and other current assets         2,743
  Professional Retainers                            1,439
  Assets held for Sale                              3,700
                                                ---------
     Total current assets                          37,129
  Property, Plant & Equipment
    Capital Leases                                  1,809
    Land                                           10,121
    Building and Improvements                      26,499
    Machinery & Equipment                          61,317
    Office & Transportation Equipment               4,318
    Construction-in-Progress                          471
                                                ---------
  Total Property, Plant and Equipment            104,535
  Accumulated Depreciation                       (19,204)
                                                ---------
  Net Property, Plant and Equipment                85,331
  Loans to Insiders                                     -
  Intangible Assets, Net                              797
  Other Non-current Assets                          3,587
                                                ---------
        TOTAL ASSETS                             $126,844
                                                =========

LIABILITIES:
Postpetition Liabilities:
  Accounts Payable                                 (5,011)
  Accrued Accounts Payable                          3,638
  Accrued Wages                                       283
  Accrued Taxes - Payroll                             111
  Accrued Fringe Benefits                           4,201
  Accrued Taxes - Property                              1
  Accrued Severance                                     -
  Amounts due to Insiders                               -
                                                ---------
    Total Postpetition Liabilities                  3,222

Prepetition Liabilities:
  Secured Debt                                     47,910
  Priority Debt                                         -
  Unsecured Debt                                  113,303
                                                ---------
   Total Prepetition Liabilities                  161,214

EQUITY:
Owners Capital                                   302,123
Retained Earnings - Prepetition                 (339,643)
Retained Earnings - Postpetition                       -
Accumulated Depreciation                             (72)
                                                ---------
TOTAL LIABILITIES AND EQUITY                      $126,844
                                                =========

                   Cadence Innovation LLC
                Unaudited Operating Statement
                 Month Ended August 31, 2008

Total Revenue/Sales                                 $4,760
Cost of Sales                                        4,018
                                                ---------
   Gross Profit                                         0

Expenses:
Advertising                                            -
Auto and Truck Expense                                 -
Bad Debts                                              -
Contributions                                          -
Employee Benefit Programs                            221
Insider Compensation                                  27
Insurance                                             13
Management Bonuses                                     -
Office Expenses                                        -
Pension and Profit Sharing Plans                       -
Professional Fees - Non Bankruptcy                    17
Repairs and Maintenance                                3
Rent and Lease Expense                                97
Salaries/Commissions/Fees                            178
Supplies, Office Expense, etc                          1
Taxes-Payroll                                         61
Taxes-Real Estate                                      5
Taxes-Other                                            -
Travel and Entertainment                               7
Utilities                                              -
Other                                                 49
                                                ---------
  Total Expenses                                      679
  Depreciation                                         41
                                                ---------
Net Operating Profit (Loss)                             23
Other Income                                             -
Interest Expense                                        22
Gain/Loss from discontinued operations                   7
Intercompany transfers                                   -
                                                ---------
Net Profit (Loss) before reorganization items           (7)

Reorganization items
Professional Items                                    65
Trustee Fees                                           -
Interest earned on accumulated cash                    -
                                                ---------
Total Reorganization Expenses                           65
Income Taxes                                             -
                                                ---------
NET INCOME/(LOSS)                                     ($72)
                                                =========

                    Cadence Innovation LLC
               Schedules of Receipts and Disbursements
               For the month ended August 31, 2008

Cash - Beginning of Month                           $2,362

Receipts:
  Cash Sales                                            -
  Accounts Receivable                               2,932
  Loans and Advances                                5,251
  Sale of Assets                                        -
  Other                                                 -
                                                ---------
    Total Receipts                                  8,183

Disbursements:
  Net Payroll                                         877
  Payroll Taxes                                       350
  Sales, Use and other Taxes                            -
  Inventory Purchases                               5,078
  Employee Expenses                                    32
  Insurance                                            65
  Purchased Services                                   12
  Other                                                 8
  Operating and Maintenance Supplies                   43
  Owner Draw                                            -
  Legal and Professional Fees                           1
  U.S. Trustee Quarterly Fees                           -
  Court Costs                                          10
                                                ---------
    Total Disbursements                             6,476
                                                ---------
Net Cash Flow                                        1,707
                                                ---------
Cash - End of Month                                 $4,609
                                                =========

            New Venture Real Estate Holdings, LLC
                 Unaudited Balance Sheet
                   As of August 31, 2008

ASSETS:
  Cash                                                  -
  Accounts Receivable, Net                              -
  Manufacturing Inventories, Net                        -
  Tooling Inventories, Net                              -
  I/C Receivable/Payable                          $40,768
  Prepaid Expenses and other current assets             -
  Professional Retainers                                -
  Assets held for Sale                                  -
                                                ---------
  Total current assets                             40,768

  Property, Plant & Equipment
    Capital Leases                                      -
    Land                                                -
    Building and Improvements                           -
    Machinery & Equipment                               -
    Office & Transportation Equipment                   -
    Construction-in-Progress                            -
                                                ---------
    Total Property, Plant and Equipment                 -
    Accumulated Depreciation                            -
                                                ---------
  Net Property, Plant and Equipment                     -
  Loans to Insiders                                     -
  Intangible Assets, Net                                -
  Other Non-current Assets                              -
                                                ---------
     TOTAL ASSETS                                 $40,768
                                                =========
LIABILITIES:
Postpetition Liabilities:
  Accounts Payable                                      -
  Accrued Accounts Payable                              -
  Accrued Wages                                         -
  Accrued Taxes - Payroll                               -
  Accrued Fringe Benefits                               -
  Accrued Taxes - Property                              -
  Accrued Severance                                     -
  Amounts due to Insiders                               -
                                                ---------
   Total Postpetition Liabilities                       -

Prepetition Liabilities:
  Secured Debt                                          -
  Priority Debt                                         -
  Unsecured Debt                                        -
                                                ---------
   Total Prepetition Liabilities                        -

EQUITY:
Owners Capital                                         -
Retained Earnings - Prepetition                   40,768
Retained Earnings - Postpetition                       -
Accumulated Deficit                                    -
                                                ---------
     TOTAL LIABILITIES AND EQUITY                 $40,768
                                                =========

                    About Cadence Innovation

Headquartered in Troy, Michigan, Cadence Innovation LLC --
http://www.cadenceinnovation.com/-- manufactures and sells auto      
parts to its customers GM and Chrysler.  The company has at least
4,200 employees in the United States and Europe, including Hungary
and Czech Republic.  The company and its debtor-affiliate, New
Venture Real Estate Holdings, LLC, filed for Chapter 11
reorganization on Aug. 26, 2008 (Bankr. D. Del. Lead Case No.
08-11973).  Norman L. Pernick, Esq. and Patrick J. Reilley, Esq.,
at Cole, Schotz, Meisel, Forman & Leonard, represent the Debtors
as counsel.  When the Debtors filed for protection from their
creditors, they listed assets of between $10 million and
$50 million, and debts of between $100 million and $500 million.  

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


HINES HORTICULTURE: Hines Nurseries Files Sept. Operating Report
----------------------------------------------------------------
Hines Nurseries Inc., a wholly owned subsidiary of Hines
Horticulture Inc., filed with the U.S. Bankruptcy Court for the
District of Delaware its monthly operating report for the period
from Aug. 20, 2008, to Sept. 28, 2008.

The company reported a net loss of $4.7 million on net sales of
$8.1 million for the period from Aug. 20, 2008, to Sept. 28, 2008.

At Sept. 28, 2008, the company's company's balance sheet showed
$257.0 million in total assets and $277.3 million in total
liabilities, resulting in a shareholders' deficit of
$20.3 million.

A full-text copy of the company's operating report for the period
from Aug. 20, 2008, to Sept. 28, 2008, is available for free at:

               http://researcharchives.com/t/s?3465

                     About Hines Horticulture

Headquartered in Irvine, California, Hines Horticulture, Inc. --
http://www.hineshorticulture.com/-- operates nursery facilities
located in Arizona, California, Oregon and Texas.  Through its
affiliate, the company produces and distributes horticultural
products.  The company and its affiliate, Hines Nurseries, Inc.,
filed for Chapter 11 protection on Aug. 20, 2008 (Bankr. D. Del.
Case No.08-11922).  Anup Sathy, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructure efforts.  Robert S. Brady, Esq., and Edmon L. Morton,
Esq., at Young, Conaway, Stargatt & Taylor, serve as the Debtors'
co-counsel.  The Debtors selected Epiq Bankruptcy Solutions LLC as
their voting and claims agent, and Financial Balloting Group LLC
as their securities voting agent.  When the Debtors filed for
protection from their creditors, they listed assets and debts
of between $100 million and $500 million each.


LEVITT & SONS: Files Operating Report for Month Ended Sept. 30
---------------------------------------------------------------

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


Cash, beginning of period                              $914,477

Receipts:
Cash sales                                                   0
Collection on postpetition A/R                               0
Collection on prepetition A/R                                0
Other receipts                                          90,202
                                                 --------------
Total receipts                                           90,202

Total cash available for operations                   1,004,680

Disbursements:
U.S. Trustee quarterly fees                                  0
Net payroll                                                  0
Payroll taxes paid                                           0
Sales and use taxes                                          0
Other taxes                                                  0
Rent                                                         0
Other leases                                                 0
Telephone                                                    0
Utilities                                                1,089
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                               410,595
                                                 --------------
Total cash disbursements                                411,685
                                                 --------------
Ending Cash Balance                                    $592,995
                                                 ==============

                      About Levitt and Sons

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

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

The Debtors have filed a Chapter 11 joint plan of liquidation.  
(Levitt and Sons Bankruptcy News, Issue No. 31; Bankruptcy
Creditors' Service Inc.; http://bankrupt.com/newsstand/or  
215/945-7000).   


LEVITT & SONS: Wachovia Debtors' September 2008 Financial Reports
-----------------------------------------------------------------
Soneet R. Kapila, the chief administrator of the Wachovia
Debtors, delivered to the Court financial reports for the period
from Sept. 1 to 31, 2008, in accordance with the Guidelines
established by the United States Trustee and FRBP 2015.

                                      Cash          Cash
                                   At Beginning     Ending
Debtor                             of Period       Balance
------                            ------------   -----------
Levitt and Sons of Cherokee         $442,094       $329,521
   County, LLC

Levitt and Sons of Hall              107,885          6,167
   County, LLC

Levitt and Sons of Horry             559,199        296,858
   County, LLC

Levitt and Sons of Manatee         1,261,453        590,610
   County, LLC

Levitt and Sons of Paulding              172         20,109
   County, LLC

Levitt and Sons at World           1,310,035        916,409
   Golf Village, LLC

Mr. Kapila said that he maintains a general operations account
under LAS Cherokee County utilized to fund the Wachovia Debtors.

                      About Levitt and Sons

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

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

The Debtors have filed a Chapter 11 joint plan of liquidation.  
(Levitt and Sons Bankruptcy News, Issue No. 31; Bankruptcy
Creditors' Service Inc.; http://bankrupt.com/newsstand/or  
215/945-7000).   


LUMINENT MORTGAGE: Files Operating Reports for September 2008
-------------------------------------------------------------
Luminent Mortgage Capital Inc. and ten of its debtor-affiliates
filed with the U.S. Bankruptcy Court for the District of Maryland
their monthly operating reports for the month of September 2008.  

Luminent Mortgage Capital reported net income of $2,038,886 on net
interest income (expense) of ($1,604,515).  Results for the period
included gains in fair value of securities of $3,957,452 and asset
management fees of $49,134.

At Sept. 30, 2008, Luminent Mortgage Capital's balance sheet
showed $1,960,516 in total assets and $374,868,632 in total
liabilities, resulting in a $372,908,116 stockholders' deficit.

A full-text copy of the Debtors' monthly operating reports for the
month of September 2008, is available for free at:

               http://researcharchives.com/t/s?3466

                    About Luminent Mortgage

Luminent Mortgage Capital, Inc. (OTCBB: LUMCE) is a real estate
investment trust, or REIT, which, together with its subsidiaries,
has historically invested in two core mortgage investment
strategies.  Under its Residential Mortgage Credit strategy, the
company invests in mortgage loans purchased from selected high-
quality providers within certain established criteria as well as
subordinated mortgage-backed securities and other asset-backed
securities that have credit ratings below AAA.  Under its Spread
strategy, the company invests primarily in U.S. agency and other
highly-rated single-family, adjustable-rate and hybrid adjustable-
rate mortgage-backed securities.

Luminent and nine subsidiaries filed Sept. 5, 2008, for relief
under Chapter 11 of the U.S Bankruptcy Code in the United States
Bankruptcy Court for the District of Maryland, Baltimore Division
(Lead Case No. 08-21389).  Immediately prior to the filing, the
Debtor executed a Plan Support and Forbearance Agreement with
secured creditor Arco Capital Corp., Ltd., WAMU Capital Corp. and
convertible noteholders representing 100% of the outstanding
principal amount of its convertible notes.

Bloomberg News reports that Luminent listed debts of $484,100,000
and assets of $13,400,000 as of July 31, 2008.  Bloomberg adds
that 30 largest unsecured creditors are owed a total of
$221,800,000.  Wells Fargo & Co., indenture trustee for Luminent's
8-1/8% bonds due in 2027, is listed as the largest unsecured
creditor. The principal amount owed under the bonds is
$90,000,000, Bloomberg says.

Luminent and its debtor-subsidiaries continue to operate their
business as debtors-in-possession under the jurisdiction of the
Bankruptcy Court and in accordance with the applicable provisions
of the Bankruptcy Code and orders of the Bankruptcy Court.


NEUMANN HOMES: Files Operating Report for Month Ended September 30
------------------------------------------------------------------

                 Neumann Homes, Inc., et al.
                 Receipts and Disbursements
               Month Ended September 30, 2008

Beginning Balance in All Accounts:

Neumann Citibank Operating Account                   $113,438
Neumann Bank of America - old accounts (various)            -
Neumann Citibank - Customer Earnest Money Account          15
Neumann Citibank - Funding/Dip Account                 52,530
Neumann Petty Cash Account                                  -
Neumann Citibank - Dip Funding -
Professional Account                                       -
Restricted - Neumann Citibank - Glen at
Lakemoor EM  Account                                   1,226
Restricted - Neumann Citibank - Clublands -
Antioch Clubhouse                                    157,077
Restricted - IndyMac Escrow Acct - NeuVillage         125,609
Restricted - Chicago Title Escrow Account -
Closed Homes                                         224,436
Restricted - Chicago Title Escrow Account -
Lender Funded                                      1,377,147
Restricted - Citibank - Worker Comp Escrow              8,510
Restricted - NHI KERP Account                         108,921
Restricted - Land Title Guarantee Escrow               13,268
                                                   ----------
                                                   $2,182,178
                                                   ----------

Receipts:
Operating Account                                     505,687
Customer Earnest Money Account-Ckg                          -
Customer Earnest Money Account-MM                           -
Funding/Dip Account                                         -
Neumann Petty Cash Account                              1,216
Glen at Lakemoor EM Account                                 1
Clublands Antioch Clubhouse Account                       223
Dip Funding-Professional Account                            -
Restricted Escrow held by CTI - Lender Funding              -
IndyMac Escrow for L/C-Leona's NeuVillage                   -
Restricted Escrow held by CTT(closings)                     -
NHI Worker Comp Escrow                                      -
NHI KERP Account                                            -
Other Receipts                                              -
                                                   ----------
                                                     $507,127

Disbursements:
Net Payroll:
Officers                                                   -
Others                                               (39,721)
                                                    ----------
                                                      (39,721)

Taxes:
Federal Income Tax Withholding                        (7,273)
FICA/Medicare Withholdings EE                         (2,246)
Employer's FICA/Medicare ER                           (2,246)
Federal Unemployment Taxes ER                              -
State Income Tax Withholding                          (1,413)
State Unemployment Taxes ER                                -
                                                   ----------
                                                      (13,177)

Necessary expenses:
Rent or mortgage payment(s)                          (20,355)
Utilities & phones                                      (645)
Insurance                                                  0
Merchandise/services bought for manufacture/sale
Other:
   Payroll Services                                      (871)
   Benefit Related including flex spending             (5,309)
   Miscellaneous                                       (3,111)
   Mileage                                               (104)
   Postage, shipping, copying
   Worker Comp Claims                                    (646)
   House Trades                                          (220)
   Other - Transfer                                   (13,268)
   Supplies & Storage & Misc.                         (22,950)
   Temporary Labor
   Release of homeowner escrows
   Consulting services                                (29,135)
   US Trustee Fees
   Legal - Professional Fees                         (388,571)
   Professional tax service fees
   Filing Fees, Extension Fees                            (25)
   Payroll tax adjustment
                                                    ----------
                                                     (485,210)
                                                    ----------
Total Disbursements:                                 (538,108)
                                                    ----------
Net Receipts (Disbursements) for the
Current period                                       (30,981)
                                                  -----------
Ending Balance in All Accounts                     $2,151,197
                                                  ===========

Headquartered in Warrenville, Illinois, Neumann Homes Inc. --
http://www.neumannhomes.com/-- develops and builds residential
real estate throughout the Midwest and West US.  The company is
active in the Chicago area, southeastern Wisconsin, Colorado, and
Michigan.  The company has built more than 11,000 homes in some
150 residential communities.  The company offers formal business
training to employees through classes, seminars, and computer-
based training.

The company filed for Chapter 11 protection on Nov. 1, 2007
(Bankr. N.D. Ill. Case No. 07-20412).  George Panagakis, Esq., at
Skadded, Arps, Slate, Meagher & Flom L.L.P., was selected by the
Debtors to represent them in these cases.  The Official Committee
of Unsecured Creditors has selected Paul, Hastings, Janofsky &
Walker LLP, as its counsel in these bankruptcy proceeding.  When
the Debtors filed for protection from its creditors, they listed
assets and debts of more than $100 million.

(Neumann Bankruptcy News, Issue No. 24; Bankruptcy Creditors'
Services Inc. http://bankrupt.com/newsstand/or 215/945-7000)  


SEMGROUP LP: Files Schedules of Assets and Liabilities
------------------------------------------------------

A.   Real Property                                         $0

B.   Personal Property
B.1  Cash on hand                                           0
B.2  Bank accounts
      Bank of Montreal                                611,315
      Bank of Oklahoma                             (1,401,658)
      Bank of Oklahoma                             13,076,672
      Bank of Oklahoma                                188,253
      Bank of Oklahoma - Fidelity                     893,095

B.5  Book, artwork and collectibles
      Artwork - Tulsa, OK                             462,524
      Sculpture - Tulsa, OK                           215,000
      Artwork - Houston, TX                            77,060
      Framing - Tulsa, OK                               9,296
      Paintings - Houston, TX                             783
      Oil Painting - Tulsa, OK                            633

B.9  Insurance policies
      NW Mutual Plan                                  288,848
      Pacific Life Plan                             6,764,135

B.16 Accounts Receivable                              183,421
B.18 Other liquidated debts owing Debtor
       Eaglwing Trading LLC                     1,079,412,568
      SemFuel                                     695,998,285
      SemMaterials LP                             567,432,686
      SemStream                                   374,847,162
      SemManagement LLC                           218,362,777
      SemGas LP                                   187,859,514
      SemCAMS ULC                                  59,072,382
      Wyckoff Gas Storage Co. LLC                  40,141,590
      SemCap LLC                                   19,345,813
      SemDevelopment LLC                           18,413,547
      White Cliffs Pipeline LLC                    15,040,132
      SemGroup Holdings LP                         12,941,624
      SemGreen LP                                  11,841,369
      SemEuro Supply                               10,872,531
      SemGroup Energy Partners LLC                  2,149,312
      SemLogistics - Milford Haven                  1,494,733
      SemGas - Davis Gathering                      1,074,233
      SemMaterials Energy Partners LLC                433,554
      SemTrucking                                     395,381
      SemGas Storage LLC                              358,314
      Rocky Cliffs Pipeline LLC                       300,000
      SemStream Arizona Payson                        217,450
      SemEuro Limited                                 137,488
      SemPipe LP                                       83,084
      SemStream Arizona Page                           68,283
      SemStream Subsidiary Holding LLC                 63,227
      SemGroup Energy Partners LP                      44,995
      Woodford Midstream LLC                            2,723
      SemOperating GP                                      50
      Grayson Pipeline LLC                                 38
      SemProducts LLC                                      17

B.22 Patents                                     Undetermined
B.28 Office equipment
      Computer Equipment - Tulsa, OK                1,252,094
      Computer Equipment - Houston, TX                  4,411
      Computer Software - Tulsa, OK                 2,999,173
      Furniture and Fixtures - Tulsa, OK            4,788,522
      Furniture and Fixtures - Denver, CO              15,942
      Other - Tulsa, OK                                16,399

B.35 Other personal property
      Note Receivable from SemCAMS                222,513,402
      NYMEX Shares                                 12,297,000
      Prepaid Margin Deposit - Bank of Oklahoma    11,081,500
      Prepaid Insurance                             1,273,425
      Prepaid Long-term Insurance                   1,114,058
      Prepaid Margin Deposit - Prudential             154,451

      TOTAL SCHEDULED ASSETS                   $3,597,284,616
      =======================================================

C.   Property Claimed as Exempt                            $0

D.   Creditors Holding Secured Claims
    Revolver - Bank of America                    668,272,918
    Working Capital Facility - Bank of America  1,727,039,611
    Term B Note - Bank of America                 142,969,106
    Liens                                        Undetermined
    Financial Trades - Secured
      ABN Amro                                      1,313,334
      Bank of Montreal                             18,720,729
      Bank of Nova Scotia                           1,455,000
      Bank of Oklahoma                             75,247,815
      BNP Paribas                                   2,504,938
      BNP OTC                                      10,952,525
      Calyon OTC                                   55,395,270
      CITI                                         10,677,225
      Fortis                                      225,426,990
      Merrill Lynch                                55,622,630
      Sovereign Bank                                   35,431
      Union Bank of California                     20,109,250
      US Bank                                       2,714,903

E.   Creditors Holding Unsecured Priority Claims            0

F.   Creditors Holding Unsecured Non-priority Claims
    Senior Notes - HSBC Bank USA, N.A.            609,558,424
    Remaining Accounts Payable
      Alzheimer's Association                          18,500
      APARAA Corp.                                    213,082
      AT&T Mobility                                    47,015
      Avcard                                           13,976
      Baker Botts L.L.P.                              162,389
      Bentek Energy LLC                                50,000
      Blake Cassels & Graydon LLP                      62,249
      Brandt Commercial Properties, Inc.               10,000
      Centrics IT                                      16,105
      Christian Ministers Alliance, Inc.               25,000
      Coleman Technologies, Inc.                       96,252
      Commerce Construction Services                   19,920
      Dell Marketing LP                                64,251
      Deloitte Consulting LLP                          94,134
      Dornblaser Consulting                            21,725
      Ernst & Young LLP                                69,259
      Events by Lisa                                   30,500
      Ford Audio-Video Systems, Inc.                   26,627
      Framemaker                                       10,217
      Fuelquest, Inc.                                  12,412
      Grant Thornton LLP                              192,300
      HR Plus                                          11,516
      Impulsora y Promotora Deportiva                 287,500
      Kelly S. Matthew LLC                             19,020
      Krutka Fitness Programs                          10,438
      Lorena Ochoa Reyes                               37,500
      Lucidity Consulting Group LP                     12,469
      McKenzie Interiors LLC                           15,524
      Oklahomans for Equality                          10,000
      Phillips & Bacon, Inc.                           13,949
      Presidio Networked Solutions                     16,084
      PricewaterhouseCoopers LLP                      308,415
      Redlee SCS, Inc.                                 14,363
      Renaissance Tulsa Hotel & Convention             74,480
      Resources Global Professionals                   42,490
      Scott Rice                                      214,329
      Show Me Tours                                    44,000
      Tax Prism LLC                                    12,008
      TEK Systems                                      13,461
      Tulsair Beechcraft, Inc.                        198,962
      Vertex, Inc.                                     19,000
      Vietman Partners LLC                             19,526
      Watson Wyatt Data Services                       12,400
      Others                                          364,045
   Financial Trades - Unsecured
      Cargill                                      17,895,617
      Shell                                         2,862,000
      Vitol, Inc.                                   1,126,875
   Litigation Claims                             Unliquidated
   Supplemental Executive Retirement Program       13,500,000
   Intercompany Liabilities
      Chemical Petroleum Exchange                      19,485
      KC Asphalt                                   17,559,546
      SemCanada Crude Co.                          32,148,467
      SemCanada Energy Co.                          3,810,326
      SemCrude                                    912,828,344
      SemCrude Pipeline LLC                        49,000,644
      SemGas Gathering LLC                          7,125,865
      SemGroup GP                                     237,777
      SemKan LLC                                   15,440,639
      SemPipe (Private)                             8,534,525

      TOTAL SCHEDULED LIABILITIES              $4,713,133,601
      =======================================================

                         About SemGroup

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.,
is the appointed monitor of SemCanada Crude Company and its
affiliates' reorganization proceedings before the Canadian
Companies' Creditors Arrangement Act.  The CCAA stay expires on
Nov. 21, 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. 15; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


SEMGROUP LP: SemCanada's Schedules of Assets and Liabilities
------------------------------------------------------------

A.   Real Property                                           $0
B.   Personal Property                                        0

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

C.   Property Claimed as Exempt                              $0

D.   Creditors Holding Secured Claims
      Revolver - Bank of America                    668,272,918
      Working Capital Facility - Bank of America  1,727,039,611
      Term B Notes - Bank of America                142,969,106
      Liens                                        Undetermined

E.   Creditors Holding Unsecured Priority Claims

F.   Creditors Holding Unsecured Non-priority Claims
     Contingent Claim - Senior Notes
        HSBC Bank USA, N.A.                         609,558,424

      TOTAL SCHEDULED LIABILITIES                $3,147,840,059
      =========================================================

                         About SemGroup

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.,
is the appointed monitor of SemCanada Crude Company and its
affiliates' reorganization proceedings before the Canadian
Companies' Creditors Arrangement Act.  The CCAA stay expires on
Nov. 21, 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. 15; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


SEMGROUP LP: SemCrude Files Schedules of Assets and Liabilities
---------------------------------------------------------------

A.   Real Property
      81st and Harvard in Tulsa, OK                   $766,937
      9080E Deep Rock Rd., in Cushing, OK              143,228
      Rural (no address), Kansas                        10,000

B.   Personal Property
B.1  Cash on hand
      Petty Cash - Semcrude Dumas 1st State              4,884

B.2  Bank accounts
      Bank of America, Boston, MA                       42,283
      Bank of Oklahoma, Tulsa, OK                   53,882,718
      Bank of Oklahoma, Tulsa, OK                      (11,549)
      Bank of Oklahoma, Tulsa, OK                        4,068
      Bank of Oklahoma, Tulsa, OK                            0
      Bank of Oklahoma, Tulsa, OK                       62,546
      First State Bank, Dumas, TX                        4,884

B.3  Security deposit
      Other Deposit -- Oklahoma Severance Tax          922,215
      Other Deposit -- New Mexico Severance Tax         74,337
      Rent Deposit -- C. B. Richard Ellis               32,878
      Rent Deposit -- C. B. Richard Ellis                4,345

B.5  Book, artwork and collectibles                     17,225
B.14 Interests in partnerships & joint venture    Undetermined
B.16 Accounts receivable
      J Aron                                        89,776,874
      Conocophillips                                31,408,406
      Sunoco                                        26,050,088
      Plainsmkg                                     22,729,617
      Ncra                                          17,568,788
      Frontier                                      14,430,414
      Chevrontexaco                                 11,437,876
      Tesoro Refining                               11,436,807
      BP Oil                                        10,396,230
      Valero                                         9,632,135
      Merrill Lynch                                  8,297,448
      Interstate                                     5,001,254
      Occidental                                     4,799,940
      Ventura                                        2,662,797
      Calcasieu                                      1,747,685
      Western Ref                                    1,462,619
      Teppco                                         1,300,167
      C P Energy                                     1,056,439
      Oasis                                            955,875
      DCP NGL                                          866,528
      Dumas Services                                   586,314
      Cimmaron Trans                                   555,695
      Age Refining                                     389,298
      Silver Eagle                                     334,552
      Gulfmark                                         245,597
      Genesis                                          143,368
      Big West Oil                                     133,272
      Dufour                                            73,431
      Eastex                                            66,359
      LPC                                               23,836
      Special                                           23,743
      Nexen Market                                      11,247

B.18 Other liquidated debts owing debtor
      SemGroup LP                                  912,774,093
      SemCanada Crude Co                            60,255,802
      SemGroup Holdings LP                          50,000,000
      SemStream                                     20,541,344
      SemFuel                                        4,107,584
      SemEuro Supply                                 1,707,543
      K C Asphalt                                      874,630
      SemPipe (Private)                                749,069
      SemGas LP                                        125,048
      SemTrucking                                      112,183
      SemKan LLC                                        32,696
      SemGas Gathering LLC                              30,384
      SemGroup Energy Partners LP                       30,000
      SemStream Arizona Payson                          12,523
      Wyckoff Gas Storage Co., LLC                       6,235

B.25 Vehicles
      Road Tractor                                     285,975
      Trailers                                         484,796
      Vehicles                                         933,513
      Vehicles                                           6,250

B.28 Office equipment
      Computer Equipment -- Williston, Nd               17,009
      Computer Equipment -- Oklahoma                    65,620
      Computer Equipment -- Okla City, Ok               13,800
      Computer Software -- Williston, Nd                    36
      Computer Software -- Tulsa, Ok                    27,063
      Computer Software -- Oklahoma                    110,574
      Furniture & Fixtures -- Okla City, Ok             11,330
      Furniture & Fixtures -- Houston, Tx               46,401
      Labor And Materials -- Oklahoma                   14,339
      Labor And Materials -- Okla City, Ok              16,792
      Materials -- Oklahoma                             38,739
      Materials -- Okla City, Ok                           133
      Materials -- Cushing, Ok                              84

B.29 Equipment and supplies for business
      Machinery & Equipment -- Kansas                   87,913
      Machinery & Equipment -- Oklahoma                113,291
      Machinery & Equipment -- Abilene, Tx               1,967
      Pipeline Facility -- Shawnee, Ok                     482
      Pipeline Facility -- Billings, Ok                    149
      Pipeline Facility -- Blackwell, Ok                 3,056
      Pipeline Facility -- Cushing, Ok                  15,404
      Pipeline Facility -- El Dorado, Ks                   562
      Pipeline Facility -- Kansas                    8,980,348
      Pipeline Facility -- Lyons, Ks                       856
      Pipeline Facility -- Manchester, Ok                1,389
      Pipeline Facility -- Okla City, Ok               134,472
      Pipeline Facility -- Seminole, Ok                  3,529
      Pipeline Facility -- Stafford, Ks                  5,140
      Pipeline Facility -- Sterling, Ks                    621
      Pipeline Facility -- Texas City, Tx            2,966,667
      Pipeline Facility -- Tulsa, Ok                         0
      Pipeline Facility -- Velma, Ok                     1,297
      Pipeline Facility -- Wellington, Ks               14,625
      Pipeline Facility -- Wichita, Ks                  31,947
      Pipeline Facility -- Oklahoma                  4,950,697
      Storage Tanks -- Williston, Nd                   332,608
      Storage Tanks -- Colorado                      1,550,872
      Storage Tanks -- Kansas                          139,095
      Storage Tanks -- North Dakota                  2,019,529
      Storage Tanks -- Oklahoma                     25,216,198

B.30 Inventory
      Centurion Pl West Texas - Sour                 4,950,091
      Enbridge N. D. North Dakota - Sweet            4,038,148
      Jayhawk Hk Kansas - Sweet                      2,031,110
      Jayhawk Lb Kansas - Sweet                      1,434,746
      Jayhawk Sc Kansas - Sweet                      2,416,419
      Jayhawk Tg Kansas - Sweet                      3,402,862
      Kaw Hz Kansas - Sweet                          3,159,536
      Kaw Marimac Kansas - Sweet                     1,990,423
      Kaw Plainville Kansas - Sweet                  7,597,266
      Midcon Oklahoma - Sweet                        6,551,324
      Plains Ok Pl Oklahoma - Sweet                 12,140,756
      Plains Pl Kansas - Sweet                       4,267,505
      Sempipe East Texas - Sweet                    45,398,496
      Sem-Pl Kansas - Sweet                         14,203,649
      Sem-Pl-Deadstk Kansas - Sweet                  8,993,395
      Sem-Pl-Deadstk Oklahoma - Sweet               56,907,289
      Sem-Pl-Ks-Lf Kansas - Sweet                   21,728,776
      Sem-Pl-Ksok-Lf Kansas - Sweet                  1,421,637
      Sem-Pl-Ok-Lf Oklahoma - Sweet                 20,140,473
      Teppco Midland West Texas - Sweet              1,683,229
      Teppco Pl West Texas Intermediate - Sweet      1,042,426
      Others                                         8,251,476
      Various Inventory Reserves and Adjustments   (49,970,942)

B.35 Other personal property
      Note Receivable - Special Exploration          6,754,676
      Prepaid Expenses                               1,300,000
      Prepaid Insurance                                441,258
      Derivative Contracts                        Undetermined

      TOTAL SCHEDULED ASSETS                    $1,623,846,022
      ========================================================

C.   Property Claimed as Exempt                             $0

D.   Creditors Holding Secured Claims
      BofA -- Revolver                             668,272,918
      BofA -- Working Capital Facility           1,737,039,611
      BofA -- Term B Notes                         142,969,106
      BofA -- UCC Lien                            Undetermined
      Abn Amro                                       1,313,334
      Bank of Montreal                              18,720,729
      Bank of Nova Scotia                            1,455,000
      Bank of Oklahoma                              75,247,815
      BNP Paribas -- Paris, France                   2,504,938
      BNP_OTC                                       10,952,525
      Calyon_OTC -- France                          55,395,270
      Citi                                          10,677,225
      Fortis                                       225,426,990
      Merrill Lynch                                 55,622,630
      Sovereign Bank                                    35,431
      Union Bank of California                      20,109,250
      US Bank -- Energy Industries Division          2,714,903

E.   Creditors Holding Unsecured Priority Claims
      Tax Claims                                             0
      Producer Claims                               92,498,560
      Accounts Payable                             134,524,152

F.   Creditors Holding Unsecured Non-priority Claims
      Senior Notes -- HSBC Bank US, N.A.           609,558,424
      Producer Claims                              228,036,486
      Accounts Payable -- Producer Claims           45,382,430
      Remaining Accounts Payable                   165,465,241
      Financial Trades -- Unsecured                  2,862,000
      Intercompany Liabilities                     233,884,912
      Overlap Adjustment                           (74,526,100)

      TOTAL SCHEDULED LIABILITIES               $4,456,143,779
      ========================================================

                         About SemGroup

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.,
is the appointed monitor of SemCanada Crude Company and its
affiliates' reorganization proceedings before the Canadian
Companies' Creditors Arrangement Act.  The CCAA stay expires on
Nov. 21, 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. 15; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


SEMGROUP LP: SemManagement's Schedules of Assets and Liabilities
----------------------------------------------------------------

A.   Real Property                                           $0

B.   Personal Property
B.1  Cash on hand                                             0
B.2  Bank accounts
      Bank of Oklahoma                                     (571)
B.18 Other liquidated debts owing Debtor
      SemMaterials LP                               104,274,617
      SemCrude                                       45,285,575
      SemFuel                                        31,918,797
      SemStream                                      17,686,149
      SemGroup Energy Partners, LLC                   6,309,209
      SemGas LP                                       6,254,602
      SemTrucking                                     3,987,795
      SemMaterials Energy Partners, LLC               1,052,680
      SemStream Arizona Payson                          897,789
      SemPipe - Private                                 668,306
      SemKan LLC                                        584,104
      SemStream Arizona Page                            259,767
      Wyckoff Gas Storage Co. LLC                       248,587
      SemGas Gathering LLC                              217,268
      SemPipe LP                                        211,378
      SemGroup Energy Partners LP                       174,085
      SemGreen LP                                        28,330
      SemGas Storage LLC                                 14,436
      Woodford Midstream LLC                             10,028

      TOTAL SCHEDULED ASSETS                       $220,082,931
      =========================================================

C.   Property Claimed as Exempt                              $0

D.   Creditors Holding Secured Claims
      Revolver                                      668,272,918
      Working Capital Facility                    1,727,039,611
      Term B Notes                                  142,969,106
      Liens                                        Undetermined

E.   Creditors Holding Unsecured Priority Claims

F.   Creditors Holding Unsecured Non-priority Claims
      Senior Notes - HSBC Bank USA, N.A.            609,558,424
      Litigation Claims - Martha R. Lord           Unliquidated
      Intercompany Liabilities
         Chemical Petroleum Exchange                    160,693
         SemGroup LP                                218,363,146

      TOTAL SCHEDULED LIABILITIES                $3,366,363,898
      =========================================================

                         About SemGroup

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.,
is the appointed monitor of SemCanada Crude Company and its
affiliates' reorganization proceedings before the Canadian
Companies' Creditors Arrangement Act.  The CCAA stay expires on
Nov. 21, 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. 15; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


SEMGROUP LP: SemCrude Files Operating Report For August 2008
------------------------------------------------------------

                    SemCrude, L.P., et al.
                  Consolidated Balance Sheet
                    As of August 31, 2008
                        (In thousands)

                             ASSETS

Cash                                                   $379,403
Accounts receivable                                   1,203,024
Inventories                                             480,930
Derivative asset                                         23,599
Margin deposits                                               -
Income taxes receivable                                       -
Deferred tax asset                                            -
Receivable from affiliate                               149,337
Other current assets                                    128,905
Intercompany                                                  -
                                                    ----------
Total current assets                                  2,365,198
                                                    ----------
Property, plant and equipment                           563,999
Accumulated depreciation                               (111,461)
Pipeline linefill                                        34,502
                                                     ----------
Net property, plant and equipment                       487,040
                                                     ----------
Investment in subsidiaries                              370,758
Long-term derivative assets                                   -
Goodwill                                                 59,715
Investment in affiliates                               (378,576)
Deferred tax asset                                        1,062
Other assets, net                                       335,878
                                                     ----------
Total Assets                                         $3,241,075
                                                     ==========

              LIABILITIES AND PARTNERS' CAPITAL

Subject to Compromise:
Accounts payable                                     $1,019,094
Book overdrafts                                               -
Accrued liabilities                                   1,089,958
Income taxes payable                                          -
Deferred revenue                                              -
Deferred income taxes                                         -
Derivative liabilities                                    1,175
Current portion of long-term debt                       150,000
                                                     ----------
Current liabilities subject to compromise             2,260,227

Revolver facility                                       665,000
Working capital facility                              1,597,883
Term B notes                                            141,274
Capital lease obligations                                     -
Other obligations                                             -
Note payable to parent                                        -
Senior notes                                            600,000
Deferred tax liability                                        -
Long-term derivative liabilities                              -
Asset retirement obligation                                   -
Pension obligations                                           -
Other long-term liabilities                               3,259
Minor interest                                                -

Liabilities Not Subject to Compromise:
Accounts payable                                        291,904
Book overdrafts                                               -
Accrued liabilities                                      41,420
Income taxes payable                                          -
Deferred revenue                                          1,375
Deferred income taxes                                         -
Derivative liabilities                                    4,517
Current portion of long-term debt                       120,909
                                                    ----------
Total current liabilities                               460,125

Revolver facility                                             -
Working capital facility                                      -
Term B notes                                                  -
Capital lease obligations                                 1,969
Other obligations                                             -
Note payable to parent                                        -
Senior notes                                                  -
Deferred tax liability                                        -
Long-term derivative liabilities                              -
Asset retirement obligation                                   -
Pension obligations                                      13,228
Other long-term liabilities                                 304
Minor interest                                                -
                                                     ----------
Accum. other comprehensive income                        10,817
Partners' capital                                    (2,513,011)
                                                     ----------
Total partners' capital                              (2,502,194)
                                                     ----------
Total liabilities and partners' capital              $3,241,075
                                                     ==========

                    SemCrude, L.P., et al.
             Consolidated Statement of Operations
                 Month Ended August 31, 2008
                        (In thousands)

Sales
Operating Outside Sales
  Product Sales                                        $410,944
  Services                                                2,116
  Other Operating Revenue                                 3,799
                                                     ----------
Total Outside Operating Sales                           416,859
Trading Activity                                        (34,044)
                                                     ----------
Total Outside Operating Revenue                         382,815
Operating Revenue Intercompany                           22,019
                                                     ----------
Total Operating Revenue                                 404,834
Unrealized G/L on Derivatives                            16,379
                                                     ----------
Total Revenue                                           421,213

Cost of Goods Sold
  Products                                              395,729
  Transportation & Fuel                                   3,435
  Other                                                  15,674
                                                     ----------
Total Outside Cost of Goods Sold                        414,838
Cost of Goods Sold Intercompany                          30,767
                                                     ----------
Total Cost of Sales                                      445,605
                                                     ----------
Gross Profit                                            (24,392)

Operating Expenses
  Wages & Benefits                                        3,353
  Field Expenses                                          3,717
  Maintenance & Repairs                                     207
  Outside Services                                        1,236
  Property & Equipment Leases & Rents                     6,422
  Insurance Permits Licenses Taxes                          535
  Office                                                    186
  Travel Lodging Meetings                                   128
  Other                                                    (444)
                                                     ----------
Total Operating Expenses                                 15,340

General & Administrative Expenses
  Wages & Benefits                                       10,691
  Miscellaneous                                               -
  Maintenance & Repairs                                     101
  Outside Services                                       (2,185)
  Property & Equipment Leases & Rents                       460
  Insurance Permits Licenses Taxes                        1,038
  Office                                                    433
  Travel Lodging Meetings                               (13,629)
  Other                                                    (721)
                                                     ----------
Total General & Administrative Expenses                  (3,812)
                                                     ----------
Earnings before Interest Taxes Depr. Amort.             (35,920)
                                                     ----------
Other (Income) Expenses
Interest Income                                             (15)
Other Income                                              6,395
Foreign Currency Transacion (Income) Loss                   316
Interest Expense                                         (1,033)
Depreciation                                              4,266
Amortization                                              1,683
Reorganization                                          340,600
                                                     ----------
Net Profit (Loss)                                     ($388,132)
                                                     ==========

                    SemCrude, L.P., et al.
               Cash Receipts and Disbursements
            August 1, 2008, through August 31, 2008

Cash Receipts
  SemCrude, L.P.                                   $54,581,529
  SemCrude Pipeline, LLC                                 5,488
  SemGas Gathering LLC                                 948,704
  SemKan LLC                                           749,833
  SemFuel                                           96,695,096
  SemManagement LLC                                          -
  SemGas Storage LLC                                         -
  SemMaterials LP                                  144,272,230
  SemGas LP                                         13,504,749
  SemTrucking                                           56,783
  SemStream                                        113,344,662
  SemGroup LP                                          805,430
                                                  ------------
Total Cash Receipts                                424,964,505

Cash Sweeps
  SemCrude, L.P.                                    18,452,857
  SemCrude Pipeline, LLC                              (120,527)
  SemGas Gathering LLC                                (947,185)
  SemKan LLC                                          (718,440)
  SemFuel                                          (47,565,427)
  SemManagement LLC                                 11,153,981
  SemGas Storage LLC                                         -
  SemMaterials LP                                 (111,165,327)
  SemGas LP                                        (10,710,833)
  SemTrucking                                          (55,194)
  SemStream                                        (25,076,888)
  SemGroup LP                                      191,705,979
                                                  ------------
Total Cash Sweeps                                   24,952,998

Cash Disbursements
  SemCrude, L.P.                                   (76,331,017)
  SemCrude Pipeline, LLC                           (39,060,156)
  SemGas Gathering LLC                                  (2,669)
  SemKan LLC                                           (33,866)
  SemFuel                                          (52,527,257)
  SemManagement LLC                                (11,405,042)
  SemGas Storage LLC                                        32
  SemMaterials LP                                  (85,373,149)
  SemGas LP                                         (5,154,472)
  SemTrucking                                           (2,207)
  SemStream                                        (88,108,485)
  SemGroup LP                                      (38,582,941)
                                                  ------------
Total Cash Disbursements                          (396,581,229)
                                                  ------------
Grand Total                                        $28,031,178
                                                  ============

                         About SemGroup

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.,
is the appointed monitor of SemCanada Crude Company and its
affiliates' reorganization proceedings before the Canadian
Companies' Creditors Arrangement Act.  The CCAA stay expires on
Nov. 21, 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. 15; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


SEMGROUP LP: SemCrude Posts Amended Net Loss of $280MM for July
---------------------------------------------------------------
SemCrude L.P. and affiliates delivered to the United States
Bankruptcy Court for the District of Delaware an amendment to
their consolidated income statement for the month ended July 31,
2008.

According to Terrence Ronan, acting president and chief executive
officer of the Debtor, the amendment corrects mathematical
errors that were discovered subsequent to the filing of their
July 2008 Monthly Operating Report.

                   SemCrude, L.P., et al.
           Consolidated Statement of Operations
                 Month Ended July 31, 2008
                       (In thousands)

Sales
Operating Outside Sales
Product Sales                                       $988,155
Services                                               2,061
Other Operating Revenue                                2,869
                                                   ----------
Total Outside Operating Sales                         993,085
Trading Activity                                     (426,560)
                                                   ----------
Total Outside Operating Revenue                       566,525
Operating Revenue Intercompany                         27,327
                                                   ----------
Total Operating Revenue                               593,852
Unrealized G/L on Derivatives                         148,781
                                                   ----------
Total Revenue                                         742,633

Cost of Goods Sold
Products                                             948,347
Transportation & Fuel                                  4,489
Other                                                  1,215
                                                   ----------
Total Outside Cost of Goods Sold                      954,051
Cost of Goods Sold Intercompany                        15,892
                                                   ----------
Total Cost of Sales                                   965,943
                                                   ----------
Gross Profit                                         (227,310)

Operating Expenses
Wages & Benefits                                       3,773
Field Expenses                                         3,811
Maintenance & Repairs                                    189
Outside Services                                       1,536
Property & Equipment Leases & Rents                    6,726
Insurance Permits Licenses Taxes                         586
Office                                                   183
Travel Lodging Meetings                                  226
Other                                                   (287)
                                                   ----------
Total Operating Expenses                               16,743

General & Administrative Expenses
Wages & Benefits                                       1,759
Miscellaneous                                              -
Maintenance & Repairs                                    138
Outside Services                                       7,289
Property & Equipment Leases & Rents                      594
Insurance Permits Licenses Taxes                         167
Office                                                   586
Travel Lodging Meetings                               15,399
Other                                                   (951)
                                                   ----------
Total General & Administrative Expenses                24,981
                                                   ----------
Earnings before Interest Taxes Depr. Amort.          (269,034)
                                                   ----------
Other (Income) Expenses
Interest Income                                        (5,420)
Other Income                                               (4)
Foreign Currency Transaction (Income) Loss                111
Interest Expense                                       10,889
Depreciation                                            4,242
Amortization                                            1,684
                                                   ----------
Net Profit (Loss)                                   ($280,536)
                                                   ==========

                         About SemGroup

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.,
is the appointed monitor of SemCanada Crude Company and its
affiliates' reorganization proceedings before the Canadian
Companies' Creditors Arrangement Act.  The CCAA stay expires on
Nov. 21, 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. 15; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


SHARPER IMAGE: Posts $1.4MM Net Loss for Month Ended September 30
-----------------------------------------------------------------

                       Sharper Image Corp.
                          Balance Sheet
                     As of September 30, 2008

ASSETS
Current assets:
   Unrestricted Cash and Equivalents                  $3,640,381
   Restricted Cash and Equivalents                             -
   Trade Accounts Receivable, net                        327,388
   Other Accounts Receivable                           3,281,324
   Notes Receivable                                            -
   Inventories                                           271,891
   Prepaid Expenses                                    1,991,121
   Professional Retainers                                      -
   Deferred Income Taxes/Prepaid Income Taxes         17,304,554
                                                    ------------
Total current assets                                  26,816,659

Property and Equipment:
   Real Property and Improvements                      2,926,573
   Machinery and Equipment                                     -
   Furniture, Fixtures and Office Equipment                    -
   Leasehold Improvements                                      -
   Vehicles                                                    -
   Work In Progress                                      451,799
   Less: Accumulated Depreciation                     (1,006,965)
                                                    ------------
Total Property and Equipment                           2,371,406

Other assets:
   Loans to Insiders                                          -
   Other Assets                                       12,611,010
                                                    ------------
Total Assets                                         $41,799,075
                                                    ============
LIABILITIES AND OWNER'S EQUITY  

Liabilities not subject to Compromise (Post)
   Accounts Payable                                  ($4,016,360)
   Taxes Payable                                        (665,289)
   Wages Payable                                          14,058
   Notes Payable                                               -
   Rent/Leases - Building/Equipment                            -
   Secured Debt - Line of credit                               -
   Other Reserves                                              -
   Liquidation (GOB Sales) Clearing Account          (10,812,554)
   Amounts Due to Insiders                                     -
   Accrual for Unpaid Professional Fees               (1,864,265)
   Other Postpetition Liabilities                              -
                                                    ------------
Total Postpetition Liabilities                       (17,344,409)

Liabilities not subject to Compromise (Pre)
   Secured Debt - Line of credit                               -
   Secured Debt - Other                               (6,728,048)
   Priority Debt                                             -
   Unsecured Debt (Accounts Payable)                 (45,346,864)
   Expense Accruals and Other Liabilities             (4,808,340)
   Short Term Liabilities                             (3,554,215)
   Deferred (GAAP) rent/landlord allowances etc         (662,366)
   Deferred Tax (Liability)/Asset                     92,758,072
   Deferred Revenue (Gift cards and Royalties)       (34,801,254)
   Other Reserves and allowances                      (2,520,956)
                                                     ------------
Total Prepetition Liabilities                         (5,663,972)
                                                     ------------
Total Liabilities                                    (23,008,381)

Owner's Equity
   Capital Stock                                        (152,132)
   Additional Paid-In Capital                       (116,716,579)
   Deferred Stock Compensation
     and Stock Repurchase                                180,069
   Retained Earnings - Prepetition                    63,247,322
   Retained Earnings - Postpetition                   34,650,626
                                                    ------------
Net Owner's Equity                                   (18,790,694)
                                                     ------------
Total Liabilities and Owner's Equity                ($41,799,075)
                                                     ============

                       Sharper Image Corp.
                     Statement of Operations
               For Month Ended September 30, 2008

Revenues:

   Gross Revenues                                              -
   Less: Returns and Allowances                                -
                                                     ------------
   Net Revenue                                                 -

Cost of Goods Sold:
   Beginning Inventory                                         -
   Add: Purchases                                              -
   Add: Cost of Labor                                          -
   Add: Other Costs (attach schedule)                          -
   Less: Ending Inventory                                      -
   Cost of Goods Sold                                          -
                                                     ------------
   Gross Profit                                                -

Operating Expenses:
   Advertising                                                 -
   Auto and Truck Expense                                      -
   Bad Debts                                             $14,865
   Contributions                                               -
   Employee Benefit Programs                             (39,013)      
Insider Compensations                                          -
   Insurance                                              30,702
   Management Fees/Bonuses                               309,543
   Office Expense                                              -
   Pension & Profit-Sharing Plans                              -
   Repairs and Maintenance                               (10,062)
   Rent and Lease Expense                                (22,006)
   Salaries/Commissions/Fees                             393,258
   Supplies                                                1,644
   Taxes - Payroll                                        74,823
   Taxes - Real Estate                                         -
   Taxes - Other                                          51,753
   Travel and Entertainment                                1,156
   Utilities                                               7,596
   Other                                                  36,203
                                                    ------------
   Total Operating Expense Before Depr.                  850,462

   Depreciation/Depletion/Amortization                     6,144
                                                    ------------
   Net Profit (Loss)
     Before Other Income & Expenses                     (856,606)

Other Income and Expenses:
   Licensing Income
   Interest Expense                                       61,012
   Other Expense                                         115,000
                                                    ------------
   Net Profit (Loss)
     Before Reorganization Items                        (680,594)

Reorganization Items:
   Professional Fees                                     729,844
   US Trustee Quarterly Fees                                   -
   Interest Earned on Accm Case                                -
   Gain (Loss) from sale of assets                             -
   Other Reorganization Expense
                                                    ------------
   Total Reorganization Expenses                         729,844
                                                    ------------
   Net Profit (Loss)
     Before Income Taxes (Benefit)                    (1,410,438)
   Income Taxes (Benefit)
                                                    ------------
   Net Profit (Loss)                                 ($1,410,438)
                                                    ============

                       Sharper Image Corp.
                     Statement of Cash Flows
                For Month Ended September 30, 2008      

Opening Balance                                       $5,062,170

Receipts
   Cash Sales (from stores)                                    -
   Credit Card Settlements                               155,615
   Other Settlements                                           -
   Accounts Receivable                                     4,490
   Sale of Assets                                        115,000
   Interest/Divided Income                                 3,113
   Mail Order/License Deposits, Other Deposits           116,771
                                                    ------------
   Total Receipts                                        394,990

Transfers

   Line of Credit Draw/Pay Down                                -
   Transfers from stores to deposit a/c - sweep                -
   Transfers from concentration to refunds                     -
   Transfers from concentration to payroll                     -
   Other Inter-account transfers                               -
   Transfers from Concentration to Disbursement                -
                                                    ------------
   Total Transfers                                             -
                                                    ------------
   Total Receipts & Transfers                            394,990

Disbursements
   Liquidator Reimbursements                                   -
   Net Payroll                                           839,138
   Payroll Taxes                                         394,497
   401k                                                        -
   Employee Benefits                                      54,361
   Sales, Use & Other Taxes                                    -
   Inventory Purchases                                         -
   Secured/Rental/Leases                                  10,112
   Insurance                                               6,575
   Administrative                                         61,936
   Selling                                                     -
   Bank/Credit Card Fees/Sales audit adjs                      -
   Refund checks issued (net of stop payments)               290
   Other                                                       -
   Customs/Duties/Freight                                      -
   Interest and LC fees                                  (41,140)
   Professional Fees                                     491,010
   US Trustee Quarterly Fees                                   -
   Court Costs                                                 -
                                                    ------------
   Total Disbursements                                 1,816,778
                                                     ------------
Net Cash Flow                                        ($1,421,788)
                                                     ============

                     About Sharper Image Corp.

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

The company filed for Chapter 11 protection on Feb. 19, 2008
(Bankr. D.D., Case No. 08-10322).  Judge Kevin Gross presides
over the case.  Harvey R. Miller, Esq., Lori R. Fife, Esq., and
Christopher J. Marcus, Esq., at Weil, Gotshal & Manges, LLP,
serve as the Debtor's lead counsel.  Steven K. Kortanek, Esq.,
and John H. Strock, Esq., at Womble, Carlyle, Sandridge & Rice,
P.L.L.C., serve as the Debtor's local Delaware counsel.

An Official Committee of Unsecured Creditors has been appointed in
the case.  Cooley Godward Kronish LLP is the Committee's lead
bankruptcy counsel.  Whiteford Taylor Preston LLC is the
Committee's Delaware counsel.

When the Debtor filed for bankruptcy, it listed total assets of
$251,500,000 and total debts of $199,000,000.  As of June 30,
2008, the Debtor listed $52,962,174 in total assets and
$39,302,455 in total debts.

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

(Sharper Image Bankruptcy News, Issue No. 23; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or    
215/945-7000)  


STEVE AND BARRY'S: Stone Barn's September 2008 Operating Report
---------------------------------------------------------------

              Stone Barn Manhattan LLC, et al.
                Consolidated Balance Sheet
                 As of September 30, 2008

                         ASSETS

Current Assets:

Unrestricted cash and equivalents                       $321,000
Restricted cash and equivalents                       28,200,000
Accounts receivable, net                                       0

Notes receivable                                               0
Inventories                                                    0
Prepaid expenses                                               0
Professional retainers                                         0

Other current assets                                   7,394,000
                                                     -----------
Total current assets                                  35,915,000


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                                             856,000
                                                     -----------
Total other assets                                       856,000
                                                     -----------
TOTAL ASSETS                                         $36,771,000
                                                     ===========

                LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities Not Subject to Compromise:
  (Postpetition)
Accounts payable                                         981,400
Taxes payable                                            174,000
Wages payable                                                  0
Notes payable                                                  0
Rent/leases - building/equipment                               0
Secured debt/adequate protection payments                      0
Professional fees                                      2,575,500
Amounts due to insiders                                        0
Other postpetition liabilities                           491,000
                                                     -----------
Total Postpetition Liabilities                         4,221,900

Liabilities Subject to Compromise: (Prepetition)
Secured debt                                          24,700,840
Priority debt                                                  0
Unsecured debt                                        61,477,300
Other prepetition liabilities                        167,867,800
                                                     -----------
Total Prepetition Liabilities                        254,045,940
                                                     -----------
TOTAL LIABILITIES                                    258,267,840
                                                     -----------
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                   (102,777,840)
Adjustments to owner equity                                    0
Postpetition contributions                                     0
                                                    ------------
TOTAL LIABILITIES & OWNERS' EQUITY                   $36,771,000
                                                    ============

                 Stone Barn Manhattan LLC, et al.
              Consolidated Statement of Operations
             For the Month Ended September 30, 2008


Net revenue                                                   $0
Cost of goods sold                                      (568,191)
Gross profit                                             568,191

Operating Expenses:
Advertising                                              129,687
Auto and truck expense                                     4,732
Bad debts                                                      0
Contributions                                                  0
Employee benefits programs                                24,471
Officer/insider compensation                                   0
Insurance                                                143,948
Management fees/bonuses                                        0
Office expense                                            79,608
Pension & profit-sharing plans
Repairs and maintenance                                  114,379
Rent and lease expense                                (1,546,257)
Salaries/commissions/fees                                 32,686
Supplies                                                      50
Taxes - payroll                                            3,371
Taxes - real estate                                            0
Taxes - others                                                 0
Travel and entertainment                                  40,656
Utilities                                              1,593,567
Other                                                    315,912
                                                     -----------
Total Operating expense Before Depreciation              936,810

Depreciation/depletion/amortization                            0
                                                     -----------
Net Profit (Loss) Before Other Income & Expenses        (368,619)

Other Income and Expenses:
Other income and expenses                                      0
Interest expense                                         611,840
Other expense                                                  0
                                                     -----------
Net Profit (Loss) Before Reorganization Items           (980,459)

Reorganization Items:
Professional fees                                              0
U.S. trustee quarterly fees                                    0
Interest earned on accumulated cash from
Chapter 11                                               90,835
Gain (Loss) from sale of equipment                     2,074,612
Other reorganization items                            44,011,850
                                                     -----------
Total Reorganization Expenses                         46,086,462
                                                    -----------
Net Profit (Loss)                                    $45,196,838
                                                    ============

                  Stone Barn Manhattan LLC, et al.
             Schedule of Cash Receipts and Disbursements
              For the Month Ended September 30, 2008

Cash - Beginning of Month                             $3,614,187

Receipts:
Cash sales                                                     0
Accounts receivable -- prepetition                             0
Accounts receivable -- postpetition                    7,501,634
Loan and advances                                              0
Sale of assets                                                 0
Other                                                          0
Transfers (from DIP accounts)                            405,740
                                                     -----------
Total Receipts                                         7,907,374

Disbursements:
Net payroll                                                    0
Payroll taxes                                                  0
Sale, use & other taxes                                1,552,240
Inventory purchases                                            0
Secured/rental/leases                                        522
Insurance                                                150,237
Selling, general & administrative                      1,745,284
Other                                                  5,724,005
Owner draw                                                     0
Transfers                                                      0
Professional fees                                         90,109
U.S. trustee quarterly fees                                    0
Court costs                                                    0
                                                     -----------
Total Disbursements                                    9,262,397

Net cash flow                                         (1,355,023)
                                                     -----------
Cash - End of Month                                   $2,259,164
                                                     ===========

                    About Steve and Barry's LLC

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.

(Steve and Barry's Bankruptcy News, Issue No. 17; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or  
215/945-7000).


TOUSA INC: Files Operating Report for Month Ended September 30
--------------------------------------------------------------
TOUSA, Inc., in a regulatory filing with the U.S. Securities and
Exchange Commission dated Oct. 17, 2008, disclosed that its
monthly operating report ended Sept. 30, 2008 is limited in
scope, covers a limited time period and has been prepared solely
for the purpose of reporting requirements of the Bankruptcy Code.

Angela Valdes, vice-president and chief accounting officer,
relates that the financial information contained in the MOR is
preliminary and audited and does not purport to show the
financial statements of any of the Debtors according to GAAP
standards and thus, may exclude items required by GAAP including
reclassifications, eliminations, accruals and disclosure items.

TOUSA admonishes interested parties not to place undue reliance
on the MOR as it may be subject to revision.

The MOR should not be viewed as indicative of future results or
be used for investment purposes, Ms. Valdes notes.

                    TOUSA Inc., and Subsidiaries
             Schedules of Receipts and Disbursements
                  Month Ended September 30, 2008


Fund at beginning of period                       $310,353,359

Receipts:
  Cash Sales                                         57,319,991
  Accounts Receivable                                    52,859
  Other Receipts                                      7,033,068
                                                   ------------
Total Receipts                                      64,405,918
                                                   ------------
Total funds for operations                         374,759,277

Disbursements:
   Advertising                                          790,641
   Bank charges                                          17,984
   Contract labor                                        47,055
   Fixed asset payments                                  74,728
   Insurance                                            650,521
   Inventory payments                                51,885,071
   Leases                                               496,507
   Manufacturing supplies                                     -
   Office supplies                                      135,311
   Payroll - net                                      7,342,590
   Professional fees                                  6,185,622
   Rent                                                 349,819
   Repairs and Maintenance                              392,682
   Secured creditor payments                         27,159,217
   Taxes paid - payroll                                  38,222
   Taxes paid - sales & use                             722,691
   Taxes paid - other                                    12,124
   Telephone                                            196,692
   Travel & entertainment                                65,508
   U.S. Trustee quarterly fees                                -
   Utilities                                            162,927
   Vehicle expenses                                      37,367
   Other operating expenses                           1,303,215
                                                   ------------
Total Disbursements                                 98,066,494
                                                   ------------
Ending Balance                                    $276,692,819
                                                   ============

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

                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
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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
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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,
Carlo Fernandez, 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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