TCR_Public/081206.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, December 6, 2008, Vol. 12, No. 291

                             Headlines



AMERICAN HOME: AHM Corp.'s Operating Report for August 2008
AMERICAN HOME: AHMAI's Operating Report for August 2008
AMERICAN HOME: AHMHI's Operating Report for August 2008
AMERICAN HOME: AHMIC's Operating Report for August 2008
ASARCO LLC: Posts $10,670,000 Net Loss in Month Ended October 31

BUFFETS HOLDINGS: Posts $9,440,097 Net Loss in Month Ended Oct. 22
KUSHNER-LOCKE: Reports Net Loss of $89,710 in June 2008
KUSHNER-LOCKE: Posts $40,536 Net Loss in July 2008
KUSHNER-LOCKE: Posts $79,829 Net Loss in August 2008
KUSHNER-LOCKE: Posts $70,337 Net Loss in September 2008

LEVITT & SONS: Files Monthly Operating Report for October 2008
LINENS 'N THINGS: Earns $85,616,865 in Month Ended Oct. 25, 2008
LINENS 'N THINGS: Posts $176,645,964 Loss in Month Ended Sept. 27
MERVYN'S LLC: Posts $30,718,000 Net Loss for Month Ended Oct. 4
NEUMANN HOMES: Files Monthly Operating Report for October 2008

PROPEX INC: Posts $700,000 Net Loss in Month Ended September 28
SEMGROUP LP: Files Amended Monthly Operating Report for July 2008
SEMGROUP LP: Files Monthly Operating Report for September 2008
SEMGROUP LP: Amends Monthly Operating Report for August 2008
TROPICANA ENTERTAINMENT: Posts $18,354,000 Net Loss in October

WELLMAN INC: Posts $28,200,000 Net Loss in September 2008



                             *********

AMERICAN HOME: AHM Corp.'s Operating Report for August 2008
-----------------------------------------------------------

                 American Home Mortgage Corp.
               Statement of Financial Condition
                     As of August 31, 2008

Assets:
  Cash and cash equivalents                         $35,099,473
  Restricted cash                                     2,653,069
  Securities purchased under agreements                       -
  Accounts receivable                                29,523,842
  Intercompany receivable                           698,893,623
  Mortgage loans                                     49,829,676
  Derivative assets                                     743,601
  Mortgage servicing rights                                   -
  Other real estate, net                             31,756,694
  Premises and equipment, net                        19,821,619
  Investment in subsidiaries                         74,268,633
  Other assets                                        3,097,387
                                                   ------------
     Total Assets                                  $945,687,617
                                                   ============

Liabilities and Stockholders' Equity

  Liabilities:
     Warehouse lines of credit                     $117,455,202
     Derivative liabilities                          10,481,560
     Accrued expenses & other liabilities            91,844,708
     Intercompany payable                         1,538,419,614
     Notes payable                                      882,951
     Income taxes payable                             1,875,199
                                                  -------------
        Total Liabilities                         1,760,959,234

  Stockholders' Equity
     Additional paid-in capital                     153,195,272
     Retained earnings                             (968,466,889)
     Other comprehensive loss                                 -
                                                  -------------
        Total Stockholders' Equity                 (815,271,617)
                                                  -------------
Total Liabilities & Stockholders' Equity           $945,687,617
                                                  =============

                 American Home Mortgage Corp.
                      Statement of Income
                  Month Ended August 31, 2008

Net Interest Income:
  Interest income                                    $3,697,758
  Interest expense                                       (5,445)
                                                   ------------
     Net interest income                              3,692,313

  Provision for loan losses                                   -
                                                   ------------
     Net interest income after provision              3,692,313
       for loan losses

Non-Interest Income:
  Gain (loss) on mortgage loans                     (59,084,783)
  Loss (gain) on securities & derivatives                     -
  Loan servicing fees                                   (12,484)
  Changes in fair value of MSR                                -
  Income (loss) from subsidiaries                       530,838
  Other non-interest (loss) income                        4,676
                                                   ------------
     Non-interest income                            (58,561,753)

Expenses
  Salaries, commissions & benefits, net               3,450,480
  Occupancy and equipment                               437,733
  Data processing and communications                     19,312
  Office supplies and expenses                           47,075
  Marketing and promotion                                14,334
  Travel and entertainment                                  109
  Professional fees                                   2,690,480
  Other real estate operating expense                    38,879
  Other                                                (177,792)
                                                   ------------
     Total expenses                                   6,520,610

Income (Loss) before income taxes                   (61,390,050)
Income taxes                                                  -
                                                   ------------
Net loss                                           ($61,390,050)
                                                   ============

                 American Home Mortgage Corp.
          Schedule of Cash Receipts and Disbursements
                  Month Ended August 31, 2008

Cash - Beginning of Month, 08/01/2008               $37,581,935

Receipts:
  Cash sales                                                  -
  Accounts receivable                                         -
  Sale of assets                                              -
  Loans and advances                                          -
  Administrative                                              -
  Net payroll                                                 -
  Other                                                       -
  Transfers (from DIP accounts)                       1,875,828
                                                   ------------
     Total Receipts                                   1,875,828

Disbursements:
  Net payroll                                             3,378
  Payroll taxes                                               -
  Sales, use & other taxes                                    -
  Loans and advances                                  1,394,829
  Inventory purchases                                         -
  Secured/rental/leases                                       -
  Insurance                                                   -
  Administrative                                        307,012
  Selling                                                     -
  Other                                                       -
  Transfers (to DIP accounts)                                 -
  Professional fees                                           -
  U.S. Trustee quarterly fees                                 -
  Court costs                                                 -
                                                   ------------
     Total Disbursements                              1,705,219
                                                   ------------
     Net Cash Flow                                      170,609
                                                   ------------
Cash - End of Month - 08/31/08                      $37,752,544
                                                   ============

                       About American Home

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

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

American Home filed a de-consolidated plan of liquidation on
Aug. 15, 2008.

(American Home Bankruptcy News, Issue No. 49; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHMAI's Operating Report for August 2008
-------------------------------------------------------

            American Home Mortgage Acceptance, Inc.
               Statement of Financial Condition
                     As of August 31, 2008

Assets:
  Cash and cash equivalents                            $288,048
  Restricted cash                                             -
  Accounts receivable                                   904,381
  Intercompany receivable                           517,059,825
  Mortgage loans                                      4,226,784
  Mortgage servicing rights                                   -
  Other real estate, net                              3,815,207
  Investment in subsidiaries                        (25,677,508)
  Other assets                                                -
                                                   ------------
     Total Assets                                  $500,616,737
                                                   ============

Liabilities and Stockholders' Equity

  Liabilities:
     Warehouse lines of credit                      $24,787,505
     Accrued expenses & other liabilities             1,092,479
     Intercompany payable                           671,936,058
                                                   ------------
        Total Liabilities                           697,816,042

  Stockholders' Equity
     Additional paid-in capital                      40,298,920
     Retained earnings                             (237,498,225)
     Other comprehensive loss                                 -
                                                   ------------
        Total Stockholders' Equity                 (197,199,305)
                                                   ------------
Total Liabilities & Stockholders' Equity           $500,616,737
                                                   ============

            American Home Mortgage Acceptance, Inc.
                      Statement of Income
                  Month Ended August 31, 2008

Net Interest Income:
  Interest income                                      $538,611
  Interest expense                                            -
                                                   ------------
     Net interest income                                538,611

  Provision for loan losses                                   -
                                                   ------------
     Net interest income after provision                538,611
       for loan losses

Non-Interest Income:
  Gain (Loss) on mortgage loans                     (15,390,164)
  Gain on securities & derivatives                            -
  Loan servicing fees                                         -
  Changes in fair value of MSR                                -
  Income from subsidiaries                                  962
                                                   ------------
     Non-interest income                            (15,389,202)

Expenses
  Salaries, commissions & benefits, net                  57,120
  Office supplies and expenses                                -
  Marketing and promotion                                     -
  Professional fees                                           -
  Other real estate operating (income) expense                -
  Other                                                       -
                                                   ------------
     Total expenses                                      57,120

(Loss) Income before income taxes                   (14,907,711)
Income taxes                                                  -
                                                   ------------
Net income [Loss]                                  ($14,907,711)
                                                   ============

            American Home Mortgage Acceptance, Inc.
          Schedule of Cash Receipts and Disbursements
                  Month Ended August 31, 2008

Cash - Beginning of Month, 08/01/2008                  $468,566

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

Disbursements:
  Net payroll                                                -
  Payroll taxes                                              -
  Sales, use & other taxes                                   -
  Loans and advances                                   180,517
  Inventory purchases                                        -
  Secured/rental/leases                                      -
  Insurance                                                  -
  Administrative                                             -
  Selling                                                    -
  Other                                                       -
  Transfers (from DIP accounts)                               -
  Professional fees                                           -
  U.S. Trustee quarterly fees                                 -
  Court costs                                                 -
                                                   ------------
     Total Disbursements                                180,517
                                                   ------------
     Net Cash Flow                                     (180,517)
                                                   ------------
Cash - End of Month - 08/31/08                         $288,048
                                                   ============

                       About American Home

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

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

American Home filed a de-consolidated plan of liquidation on
Aug. 15, 2008.

(American Home Bankruptcy News, Issue No. 49; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHMHI's Operating Report for August 2008
-------------------------------------------------------

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

Assets:
  Cash and cash equivalents                              $1,000
  Accounts receivable                                   134,546
  Intercompany receivable                           133,113,340
  Investment in subsidiaries                       (644,134,095)
  Other assets                                                -
                                                   ------------
     Total Assets                                 ($510,885,209)
                                                   ============

Liabilities and Stockholders' Equity

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

  Stockholders' Equity
     Additional paid-in capital                      94,597,810
     Retained earnings                             (914,430,889)
     Other comprehensive loss                                 -
                                                   ------------
        Total Stockholders' Equity                 (819,833,079)
                                                   ------------
Total Liabilities & Stockholders' Equity          ($510,885,209)
                                                   ============

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

Income (loss) from subsidiaries                    ($61,646,988)
Other non-interest income:                                    -
                                                   ------------
     Non-interest income                            (61,646,988)
                                                   ------------

Professional fees                                             -
Other                                                         -
                                                   ------------
     Total Expenses                                           -
                                                   ------------
Income (Loss) before income taxes                   (61,646,988)
Income taxes                                                  -
                                                   ------------
Net loss                                           ($61,646,988)
                                                   ============

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

                       About American Home

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

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

American Home filed a de-consolidated plan of liquidation on
Aug. 15, 2008.

(American Home Bankruptcy News, Issue No. 49; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHMIC's Operating Report for August 2008
-------------------------------------------------------

            American Home Mortgage Investment Corp.
               Statement of Financial Condition
                     As of August 31, 2008

Assets:
  Cash and cash equivalents                         $18,826,945
  Restricted cash                                   150,799,967
  Accounts receivable                                 3,700,171
  Intercompany receivable                         1,320,717,706
  Securities                                      1,136,724,960
  Derivative assets                                           -
  Investment in subsidiaries                     (1,024,919,749)
  Other assets                                                -
                                                 --------------
     Total Assets                                $1,605,850,000
                                                 ==============

Liabilities and Stockholders' Equity

  Liabilities:
     Reverse repurchase agreements                            -
     Junior subordinated note                      $180,416,000
     Derivative liabilities                          53,817,031
     Accrued expenses & other liabilities         1,221,721,834
     Intercompany payable                           586,210,538
                                                  -------------
        Total Liabilities                         2,042,165,403

  Stockholders' Equity
     Preferred stock - Series A                      50,856,875
     Preferred stock - Series B                      83,183,125
     Common Stock                                       543,074
     Additional paid-in capital                   1,057,864,155
     Retained earnings                           (1,628,762,632)
     Other comprehensive loss                                 -
                                                 --------------
        Total Stockholders' Equity                 (436,315,403)
                                                 --------------
Total Liabilities & Stockholders' Equity         $1,605,850,000
                                                 ==============

            American Home Mortgage Investment Corp.
                      Statement of Income
                 Month Ended August 31, 2008

Net Interest Income:
  Interest income                                      $349,875
  Interest expense                                            -
                                                   ------------
     Net interest income                                349,875

  Provision for loan losses                                   -
                                                   ------------
     Net interest income after provision                349,875
       for loan losses

Non-Interest Income:
  Loss on mortgage loans                                     13
  Loss on securities and derivatives                    523,567
  Gain (loss) from subsidiaries                     (76,554,699)
  Other non-interest income                                   -
                                                   ------------
     Non-interest income                            (76,031,119)

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

Loss before income taxes                            (75,681,261)
Income taxes                                                  -
                                                    -----------
Net loss                                           ($75,681,261)
                                                    ===========

            American Home Mortgage Investment Corp.
          Schedule of Cash Receipts and Disbursements
                  Month Ended August 31, 2008

Cash - Beginning of Month, 08/01/2008              $167,703,283

Receipts:
  Cash sales                                                  -
  Accounts receivable                                         -
  Sale of assets                                     22,076,340
  Loans and advances                                    935,352
  Administrative                                              -
  Net payroll                                                 -
  Other                                                 832,632
  Transfers (from DIP accounts)                               -
                                                   ------------
     Total Receipts                                  23,844,325

Disbursements:
  Net payroll                                           776,701
  Payroll taxes                                               -
  Sales, use & other taxes                                    -
  Loans and advances                                          -
  Inventory purchases                                         -
  Secured/rental/leases                                       -
  Insurance                                                   -
  Administrative                                      7,354,870
  Selling                                                     -
  Other                                                       -
  Transfers (to DIP accounts)                        13,789,125
  Professional fees                                           -
  U.S. Trustee quarterly fees                                 -
  Court costs                                                 -
                                                   ------------
     Total Disbursements                             21,920,697
                                                   ------------
     Net Cash Flow                                    1,923,628
                                                   ------------
Cash - End of Month - 08/31/08                     $169,626,911
                                                   ============

                       About American Home

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

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

American Home filed a de-consolidated plan of liquidation on
Aug. 15, 2008.

(American Home Bankruptcy News, Issue No. 49; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


ASARCO LLC: Posts $10,670,000 Net Loss in Month Ended October 31
----------------------------------------------------------------

                       ASARCO LLC, et al.
                          Balance Sheet
                     As of October 31, 2008

ASSETS
  Current Assets:
  Cash                                           $1,298,443,000
  Restricted Cash                                    24,937,000
  Accounts receivable, net                          155,187,000
  Inventory                                         244,032,000
  Prepaid expenses                                    4,039,000
  Other current assets                               24,717,000
                                                ---------------
Total Current Assets                              1,751,355,000

Net property, plant and equipment                   508,012,000

Other Assets:
  Investments in subs                                80,796,000
  Advances to affiliates                                486,000
  Prepaid pension & retirement plan                           -
  Non-current deferred tax asset                              -
  Other                                              50,918,000
                                                 --------------
Total assets                                     $2,391,568,000
                                                 ==============

LIABILITIES
  Postpetition liabilities:                          76,570,000
  Accounts payable - trade                                    -
  Accrued liabilities                               719,548,000
                                                ---------------
Total postpetition liabilities                      796,118,000

Prepetition liabilities:
Not subject to compromise - credit                    3,045,000
Not subject to compromise - other                   107,720,000
Advances from affiliates                             24,899,000
Subject to compromise                             3,191,321,000
                                                ---------------
Total prepetition liabilities                     3,326,985,000
                                                ---------------
Total liabilities                                 4,123,103,000
                                                ===============

OWNERS' EQUITY (DEFICIT)
Common stock                                        508,324,000
Additional paid-in capital                          104,578,000
Other comprehensive loss                           (234,375,000)
Retained earnings: post filing date              (3,274,045,000)
                                                ---------------
Total prepetition owners' equity                 (2,895,519,000)
Retained earnings: post-filing date               1,163,983,000
                                                ---------------
Total owners' equity (net worth)                 (1,731,536,000)

Total liabilities and owners' equity             $2,391,568,000
                                                ===============

                       ASARCO LLC, et al.
              Consolidated Statement of Operations
                  Month Ended October 31, 2008

Sales                                              $106,706,000
Cost of products and services                       121,259,000
                                                ---------------
Gross profit [loss]                                 (14,553,000)

Operating expenses:
Selling and general & admin. expenses                 2,989,000
Depreciation & amortization                           3,457,000
Accretion expense                                       362,000
                                                ---------------
Operating income [loss]                             (21,361,000)

Interest expense                                         59,000
Interest income                                      (2,310,000)
Reorganization expenses                               9,371,000
Other miscellaneous (income) expenses               (13,076,000)
                                                ---------------
Income (loss) before taxes                          (15,405,000)
Income taxes                                         (4,735,000)
                                                ---------------
Net income [loss]                                  ($10,670,000)
                                                ===============

                      ASARCO LLC, et al.
          Consolidated Cash Receipts & Disbursements
                 Month Ended October 31, 2008

Receipts
Disbursements:
Inventory material                                  $16,310,000
Operating disbursements                             110,336,000
Capital expenditures                                  8,214,000
                                                ---------------
Total disbursements                                 134,861,000

Operating cash flow                                  27,184,000
Reorganization disbursements                          5,593,000
                                                ---------------
Net cash flow                                        21,591,000
Net payments to secured Lenders                               -
                                                ---------------
Net change in cash                                   21,591,000
Beginning cash balance                            1,301,789,000
                                                ---------------
Ending cash balances                             $1,323,380,000
                                                ===============

                         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
US$600 million in total assets and US$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.

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

(ASARCO Bankruptcy News Issue No. 93; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


BUFFETS HOLDINGS: Posts $9,440,097 Net Loss in Month Ended Oct. 22
------------------------------------------------------------------

                     Buffets Holdings, Inc.
                         Balance Sheet
                    As of October 22, 2008

                           ASSETS

Current Assets:
Cash on Hand - drawer                                $1,360,040
Total depository account                              4,433,548
Temporary investments                                33,000,000
Cash                                                  5,269,059
                                                 --------------
Total cash & cash equivalents                        44,062,646

Receivables-landlord                                     37,638
Credit card receivables                               1,444,902
Intercompany                                                  -
Total rebates receivable                              5,558,518
Accounts receivable                                   3,393,025
Due to/From affiliate                                         0
                                                 --------------
Total Receivables                                    10,434,082

Inventory                                            34,888,086
                                                 --------------
Total Inventories                                    34,888,086

Restricted cash                                       2,598,922

Employee advances                                        24,197
Escrow deposits - short term                            866,919
Deposits - prefunded LC - current                    15,611,860
Prepaid car leases                                       30,397
Prepaid Insurance                                       662,040
Prepaid rent                                          2,463,330
Prepaid other                                         2,035,201
Prepaid advertising                                   9,713,547
Prepaid rent escrow                                     227,057
Notes receivable - short term                            15,120
                                                 --------------
Total prepaid expenses & other assets                31,649,669

Deferred income taxes - current                      13,651,000
Deferred tax valuation allowance - current          (13,651,000)
                                                --------------
Total current assets                                123,633,406

Cabinet division inventory                            4,475,303
Corporate inventory                                     583,408
Proceeds of sale clearing account                        (1,200)
CIP - non system                                        647,265
Land                                                  9,298,836
Building                                              5,586,674
Accumulated depreciation - building                    (859,930)
Leasehold improvement                               157,361,557
Accumulated amortization                            (94,232,363)
Equipment                                           220,813,236
Accumulated depreciation - equipment               (137,517,065)
Automobile                                              315,330
Accumulated depreciation - auto                        (124,213)
Assets to be sold - PP&E                             16,364,294
Accumulated depreciation - assets to be sold            (72,825)
                                                 --------------
Total property, plant & equipment, net              182,638,319

Goodwill                                            116,639,959
Intellectual property                                         0
Acquisition costs                                    18,133,818
                                                 --------------
Total goodwill                                      134,773,776

Deferred income taxes - non-current                  95,451,879
Deferred tax valuation allowance - non-current      (95,451,879)

Liquor licenses                                         343,681
Leasehold interest                                    1,474,683
Recipes                                               2,088,773
Trademark                                            56,600,000
                                                 --------------
Total other intangible assets                        60,507,138

Prepaid rent deposits                                 1,747,457
Deposits                                              3,599,129
Deposits - other long term                               42,865
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       (15,280,852)
Notes receivable from subsidiaries                            0
Total notes receivable - long term                        8,399
Split Dollar Life Ins. Receivable                     2,169,580
Entries to be reclassified                                  (89)
                                                 --------------
Total other noncurrent assets                        31,943,303

Total assets                                       $533,495,942
                                                 ==============

             LIABILITIES & SHAREHOLDERS' EQUITY

Current liabilities:
Accounts payable - prepetition                      $24,411,919
Accounts payable - postpetition                      43,077,115
COD Clearing                                            (13,884)
Misc. accruals - restaurant level                     8,180,679
Misc accruals - WIS                                           0
Misc. accruals - corp level                           4,975,110
                                                 --------------
Total accounts payable                               80,631,029

Accrued 401(k)                                       1,126,,837
Accrued payroll                                      12,359,306
Accrued bonus                                           827,456
Accrued payroll taxes                                 3,921,173
Accrued vacation                                      7,035,018
                                                 --------------
Total accrued compensation                           25,269,789

Accrued insurance - auto                                 20,906
Accrued insurance - general liability                15,140,197
Accrued insurance - other                             3,205,978
                                                 --------------
Total accrued insurance                              18,367,081

Accrued percentage rent                               1,488,815
Accrued interest - short term                        25,623,204
Accrued property taxes                               10,007,264
Accrued postage                                          31,431
Accrued advertising                                   1,530,356
Accrued liabilities - other                          16,899,355
Deferred income - current                               175,639
                                                 --------------
Total other accrued liabilities                      55,756,064

Gift certificates/gift cards                          4,103,791
Cash receipts suspense                                  142,500
Workers compensation payable                         21,978,419
Lease rejection claims reserve                       50,237,330
Sales/Use tax payable                                 7,900,539
Accrued restaurant closing costs                      1,992,609
                                                 --------------
Total accrued liabilities                           185,748,122

Income taxes payable                                 (3,889,419)
Estimated income taxes                                  489,419
                                                 --------------
Total income taxes payable                           (3,400,000)

Current maturities of long-term debt                  5,300,000
Short term borrowings                                56,300,000
Short term borrowings - DIP                          79,950,000
Short term borrowings - vendor LC draws               6,258,450
                                                --------------
Total current liabilities                           410,787,602
Note: 410,787,601 in the spreadsheet

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                                         45,991,055

Deferred Income tax                                  22,793,000
Income tax payable - non-current                     21,774,000

Long term sublease deposits                              33,905
Post retirement benefits payable                         19,327
Total deferred income                                 5,886,607
                                                 --------------
Total other long-term liabilities                     5,939,839
                                                 --------------
Total non-current liabilities                       915,225,894
                                                 --------------
Total liabilities                                 1,326,013,496
                                                 --------------
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
(62,086,103,,)                                      (62,086,103)
                                                --------------
Retained earnings                                  (793,416,543)

Total shareholders' equity                         (792,517,555)
                                                 --------------
Total liabilities & Stockholders' equity           $533,495,942
                                                 ==============

                    Buffets Holdings, Inc.
                      Income Statement
              For the month ended October 22, 2008

Total sales                                        $104,861,375
Total food cost                                      37,661,420
Total labor                                          31,445,151
Operating costs                                      14,523,523
Occupancy costs                                      12,706,517
                                                 --------------
Total DIR & O/C                                      27,230,040
                                                 --------------
Total restaurant costs                               96,336,612
                                                 --------------
Restaurant profit (level 4)                           8,524,764

Total SG&A Expense                                    8,767,660

Closed restaurant costs                                  53,081
Impairment Cost                                               -
Merger/integration costs                                      -
                                                 --------------
Earnings from operations                               (295,978)

Other income (expense)
Franchise income                                         68,676
Interest income                                             144
Interest expense                                     (6,716,945)
Other income (expense)                                    7,077
Loss related to refinancing                            (802,250)
Reorganization Costs                                 (1,619,475)
Net Worth Tax                                           (24,345)
Intercompany                                                  0
                                                 --------------
Total other income (expense)                         (9,087,119)
                                                 --------------
Earnings before tax                                  (9,383,097)

Net worth tax
Income Taxes                                            (57,000)
                                                 --------------
Net earnings (loss)                                 ($9,440,097)
                                                 ==============

                   Buffets Holdings, Inc.
         Schedule of Cash Receipts & Disbursements
             For the month ended October 22, 2008

Cash Receipts (inc. Sales tax):
Cash receipts                                      $67,037,000
Credit card                                         43,298,000
                                                 --------------
                                                        110,335

Receipts
(Gift card usage)                                             0
Rebates, other                                       1,833,000
                                                ---------------
Total cash receipts                                 112,168,000

Operating Disbursements:
A/P
Check                                                7,685,000
EFT                                                 57,058,000
Change in trade terms                                (6,137,000)

Payroll                                              31,501,000
Rent (Cash occupancy)                                 7,625,000
Sales tax                                             5,029,000
Other operating                                               0
                                                 --------------
Total operating disbursements                       102,761,000
                                                 --------------
Net operating cash flows                              9,407,000

Non-operating Disbursements (Receipts):
Income tax                                                   0
Total CapEx                                          4,052,000
Professional fees, inc. holdbacks                    1,437,000
Closed restaurant costs                                      0
Deposits (Utility)                                           0
Other                                                  (20,000)
Cash (Proceeds) from asset sales                     (329,000)
                                                 --------------
Total non-operating disbursements                     5,140,000

Financing Payments:
Interest expense                                     6,810,000
Interest (income)                                      (91,000)
DIP Fees/other                                         602,000
Principal payments                                     350,000
                                                ---------------
Total financing disbursements                         7,671,000
                                                 --------------
Total net disbursements                             115,572,000

Net cash receipts (disbursements)                   ($3,404,000)
                                                 ==============

                     About Buffets Holdings

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

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

As reported in the Troubled Company Reporter on Feb. 26, 2008,
the Court granted on February 22, 2008, final approval of the
Debtors' debtor-in-possession credit facility, consisting of
$85 million of new funding and $200 million carried over from the
company's prepetition credit facility. (Buffets Holdings
Bankruptcy News, Issue No. 25; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


KUSHNER-LOCKE: Reports Net Loss of $89,710 in June 2008
-------------------------------------------------------
The Kushner-Locke Company delivered its monthly operating report
for the period June 1, 2008, through June 30, 2008.

For the period, the Debtor generated zero revenue and incurred a
net loss of $89,710.

A full-text copy of the Debtor's monthly operating report is
available for free at http://researcharchives.com/t/s?356c

Headquartered in Los Angeles, California, The Kushner-Locke
Company is a low-budget movie production studio.  The company,
along with its debtor-affiliates filed for Chapter 11 protection
on Nov. 21, 2001 (Bankr. C.D. Calif. Case No. 01-44828).  Alan L.
Braunstein, Esq, Christopher M. Condon, Esq., and Kristin M.
McDonough, Esq., at Riemer & Braunstein, LLP, represent the
Debtors in their restructuring efforts.  Jager Smith, Esq.,
and Michael J. Fencer, Esq., at One Financial Center, represent
the Official Committee of Unsecured Creditors.


KUSHNER-LOCKE: Posts $40,536 Net Loss in July 2008
--------------------------------------------------
The Kushner-Locke Company delivered its monthly operating report
for the period July 1, 2008, through July 31, 2008.

For the period, the Debtor generated zero revenue and incurred a
net loss of $40,536.

A full-text copy of the Debtor's monthly operating report is
available for free at http://researcharchives.com/t/s?356d

Headquartered in Los Angeles, California, The Kushner-Locke
Company is a low-budget movie production studio.  The company,
along with its debtor-affiliates filed for Chapter 11 protection
on Nov. 21, 2001 (Bankr. C.D. Calif. Case No. 01-44828).  Alan L.
Braunstein, Esq, Christopher M. Condon, Esq., and Kristin M.
McDonough, Esq., at Riemer & Braunstein, LLP, represent the
Debtors in their restructuring efforts.  Jager Smith, Esq.,
and Michael J. Fencer, Esq., at One Financial Center, represent
the Official Committee of Unsecured Creditors.


KUSHNER-LOCKE: Posts $79,829 Net Loss in August 2008
----------------------------------------------------
The Kushner-Locke Company delivered its monthly operating report
for the period Aug. 1, 2008, through Aug. 31, 2008.

For the period, the Debtor generated zero revenue and incurred a
net loss of $79,829.

A full-text copy of the Debtor's monthly operating report is
available for free at http://researcharchives.com/t/s?356e

Headquartered in Los Angeles, California, The Kushner-Locke
Company is a low-budget movie production studio.  The company,
along with its debtor-affiliates filed for Chapter 11 protection
on Nov. 21, 2001 (Bankr. C.D. Calif. Case No. 01-44828).  Alan L.
Braunstein, Esq, Christopher M. Condon, Esq., and Kristin M.
McDonough, Esq., at Riemer & Braunstein, LLP, represent the
Debtors in their restructuring efforts.  Jager Smith, Esq.,
and Michael J. Fencer, Esq., at One Financial Center, represent
the Official Committee of Unsecured Creditors.


KUSHNER-LOCKE: Posts $70,337 Net Loss in September 2008
-------------------------------------------------------
The Kushner-Locke Company delivered its monthly operating report
for the period Sept. 1, 2008, through Sept. 30, 2008.

For the period, the Debtor generated zero revenue and incurred a
net loss of $70,337.

A full-text copy of the Debtor's monthly operating report is
available for free at http://researcharchives.com/t/s?356f

Headquartered in Los Angeles, California, The Kushner-Locke
Company is a low-budget movie production studio.  The company,
along with its debtor-affiliates filed for Chapter 11 protection
on Nov. 21, 2001 (Bankr. C.D. Calif. Case No. 01-44828).  Alan L.
Braunstein, Esq, Christopher M. Condon, Esq., and Kristin M.
McDonough, Esq., at Riemer & Braunstein, LLP, represent the
Debtors in their restructuring efforts.  Jager Smith, Esq.,
and Michael J. Fencer, Esq., at One Financial Center, represent
the Official Committee of Unsecured Creditors.


LEVITT & SONS: Files Monthly Operating Report for October 2008
--------------------------------------------------------------

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


Cash, beginning of period                              $592,995

Receipts:
Cash sales                                                   0
Collection on postpetition A/R                               0
Collection on prepetition A/R                                0
Other receipts                                         549,050
                                                 --------------
Total receipts                                          549,050

Total cash available for operations                   1,142,045

Disbursements:
U.S. Trustee quarterly fees                                  0
Net payroll                                              1,874
Payroll taxes paid                                           0
Sales and use taxes                                          0
Other taxes                                                  0
Rent                                                         0
Other leases                                                 0
Telephone                                                    0
Utilities                                                  664
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                               578,062
                                                 --------------
Total cash disbursements                                580,601
                                                 --------------
Ending Cash Balance                                    $561,444
                                                 ==============

                      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, together with the Official Committee of Unsecured
Creditors, delivered to the Bankruptcy Court their First Amended
Joint Liquidating Chapter 11 Plan and Disclosure Statement dated
Oct. 31, 2008.  (Levitt and Sons Bankruptcy News, Issue No. 34;
Bankruptcy Creditors' Service Inc.; http://bankrupt.com/newsstand/
or 215/945-7000).


LINENS 'N THINGS: Earns $85,616,865 in Month Ended Oct. 25, 2008
----------------------------------------------------------------

                  Linens Holding Co., et al.
                         Balance Sheet
                    As of October 25, 2008

Assets

Current Assets
  Cash                                              $60,123,384
  Accounts receivable, net                           75,816,398
  Inventory                                                   -
  Inventory - liquidation sales                     450,406,451
  Prepaid expenses                                   13,467,183
                                                  -------------
Total Current Assets                                599,813,416

Property & Equipment
  Building                                            5,010,000
  Furniture & fixtures                              109,982,620
  Hardware                                            5,748,729
  Leasehold improvements                              9,842,241
  Land                                                1,030,400
  Software                                            7,176,757
  Less: accumulated depreciation                    (59,647,943)
                                                  -------------
Total Property & Equipment                           79,142,804

Other Assets
  Identifiable intangible                           123,785,452
  Goodwill                                          253,159,671
  Other non-current assets                            3,518,429
                                                  -------------
  Total other assets                                380,463,552
                                                  -------------
Total Assets                                     $1,059,419,772
                                                 ==============

Liabilities and Shareholders' Equity

Liabilities not subject to compromise
  Current liabilities
     Merchandise accounts payable -
        accruals, refunds & allowances              $75,086,095
     Due to customers                                 5,911,497
     Salaries and wages                               6,888,039
     Taxes, non-franchise and income tax             15,070,971
     Workers compensation                             2,645,554
     Current retirement plans                                 -
     Rent                                                     -
     General liability claims                           815,020
     Accrued auto claims & uninsured losses              22,305
     Other accrued liabilities                      242,710,531
                                                  -------------
  Total Current Liabilities                         349,150,013

  Long Term Liabilities
     Long-term borrowings                           (31,276,478)
     Non-current deferred income                              -
     Other liabilities                                4,238,786
                                                  -------------
  Total long term liabilities                       (27,037,692)
                                                  -------------
  Total liabilities not subject to compromise       322,112,321

Liabilities subject to compromise
  L/T senior secured note                           650,000,000
  Unsecured claims                                  239,474,957
  Priority claims                                    26,391,683
                                                  -------------
    Total Liabilities Subject to Compromise         915,866,640
                                                  -------------
    Total Liabilities                             1,237,978,961

Shareholders' Equity
  Common stock                                          130,130
  Additional paid-in capital                        593,666,009
  Retained earnings - prepetition                  (536,191,697)
  Retained earnings - postpetition                 (233,765,117)
  Currency gain/loss                                 (2,398,514)
                                                  -------------
  Net shareholders' equity                         (178,559,189)
                                                  -------------
  Total Liabilities and Shareholders' Equity     $1,059,419,772
                                                 ==============

                  Linens Holding Co., et al.
                       Income Statement
             For the month ending October 25, 2008

Gross revenues                                      $54,468,143
Rebates and returns                                    (489,363)
Cost of goods sold                                  (23,821,805)
                                                  -------------
Initial Mark On (IMO)                                30,156,975

Markdowns                                            (4,866,841)
Gross allowances                                     (5,050,508)
Deferred allowances                                           -
                                                  -------------
Total markdowns - net                                (9,917,349)
                                                  -------------
Merchant margin                                      40,074,324

Supply chain expenses                                (1,509,784)
Buying, product development, shrink                   5,946,794
                                                  -------------
Gross profit                                         44,511,334

Store payroll expense                                (7,491,105)
Other store selling expenses                         (2,493,946)
                                                  -------------
Total selling expense                                (9,985,051)
                                                  -------------
Margin after selling expenses                        34,526,283

Occupancy                                           (13,264,440)
Sales promotions                                     (2,805,153)
Other store expenses                                 (1,983,973)
Supervisory/Other                                      (500,790)
                                                  -------------
Total store expenses                                (18,554,356)
                                                  -------------
Store contribution                                   15,971,927

Administrative salaries                              (1,832,312)
Other administrative expenses                         4,036,589
Other income/(expense)                                  239,720
Interest                                               (566,666)
Taxes                                                  (259,115)
                                                  -------------
Total General & Administrative                        1,618,216
                                                  -------------
Net Earnings                                         17,590,143
                                                  -------------
Reorganization Items                                 68,026,722
                                                  -------------
Net Earnings After Reorg. Items                     $85,616,865
                                                  =============

                  Linens Holding Co., et al.
          Schedule of Cash Receipts and Disbursements
             For the month ending October 25, 2008

Cash Receipts:
  Sales receipts                                   $141,381,000
  Other receipts, i.e. tenant allow.                 18,538,000
  Store closure proceeds                            200,000,000
                                                  -------------
  Total receipts                                    359,919,000

Cash Disbursements:
  Trade payments:
     A/P - Merchandise                               36,719,000
     Rollover A/P - Prepaid                                   -
     A/P - LC's & Trade Card                         22,813,000
     A/P - LAPP                                               -
                                                  -------------
  Total trade payments                               59,532,000

  Operating Expenses:
     Payroll, payroll taxes & benefits               24,013,000
     Rent checks and wires                           17,220,000
     Marketing                                        3,113,000
     Capital expenditures                                     -
     Freight                                         10,896,000
     Sales tax payable                                8,314,000
     SCS Expense/Savings                               (690,000)
     Other (Import duties, misc. CC fees)            15,679,000
     Administrative & selling expenses                        -
                                                  -------------
  Total operating expenses                           78,545,000

   Non-Operating Expenses:
    DIP & revolver interest & fees                            -
    Other Interest Expense/(Income)                           -
                                                  -------------
    Total non-operating expenses                              -
                                                  -------------
Net operating cash flow                             221,842,000

  Bankruptcy Expenses:
     DIP fees & expenses                                      -
     Deposits for utilities                                   -
     Professional & US Trustee fees                   3,559,000
                                                  -------------
  Total Bankruptcy Expenses                           3,559,000
                                                  -------------
Net Cash Flows                                      218,283,000
                                                  -------------
Draw / (Paydown) of DIP Facility                   (180,304,000)
                                                  -------------
Net Change in Cash                                  $37,979,000
                                                  =============

                   About Linens 'n Things, Inc.

Headquartered in Clifton, New Jersey, Linens 'n Things, Inc. --
http://www.lnt.com/-- is the second largest specialty retailer of
home textiles, housewares and home accessories in North America.
As of Sept. 30, 2008, Linens 'n Things operated 411 stores in 47
states and seven provinces across the United States and Canada.
The company is a destination retailer, offering one of the
broadest and deepest selections of high quality brand-name as well
as private label home furnishings merchandise in the industry.
Linens 'n Things has some 585 superstores (33,000 sq. ft. and
larger), emphasizing low-priced, brand-name merchandise, in more
than 45 states and about seven Canadian provinces. Brands include
Braun, Krups, Calphalon, Laura Ashley, Croscill, Waverly, and the
company's own label.  Linens 'n Things was acquired by private
equity firm Apollo Management in 2006.

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

Mark D. Collins, Esq., John H. Knight, Esq., and Jason M. Madron,
Esq., at Richards, Layton & Finger, P.A., provide Linens 'n Things
with bankruptcy counsel.  The Debtors' special corporate counsel
are Holland N. O'Neil, Esq., Ronald M. Gaswirth, Esq., Stephen A.
McCaretin, Esq., Randall G. Ray, Esq., and Michael S. Haynes,
Esq., at Morgan, Lewis & Bockius, LLP. The Debtors' restructuring
management services provider is Conway Del Genio Gries & Co., LLC.
The Debtors' CRO and Interim CEO is Michael F. Gries, co-founder
of Conways Del Genio Gries & Co., LLC. The Debtors' claims agent
is Kurtzman Carson Consultants, LLC. The Debtors' consultants are
Asset Disposition Advisors, LLC, and Protivit, Inc. The Debtors'
investment bankers are Financo, Inc., and Genuity Capital Markets.
(Bankruptcy News About Linens 'n Things, Issue No. 21; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000)


LINENS 'N THINGS: Posts $176,645,964 Loss in Month Ended Sept. 27
-----------------------------------------------------------------

                  Linens Holding Co., et al.
                         Balance Sheet
                   As of September 27, 2008

Assets

Current Assets
  Cash                                              $24,418,801
  Accounts receivable, net                           35,978,422
  Inventory                                         527,839,928
  Inventory - liquidation sales                      36,374,783
  Prepaid expenses                                   13,955,291
                                                  -------------
Total Current Assets                                638,567,225

Property & Equipment
  Building                                            5,010,000
  Furniture & fixtures                              239,539,697
  Hardware                                           13,521,566
  Leasehold improvements                            178,685,563
  Land                                                1,030,400
  Software                                            8,674,743
  Less: accumulated depreciation                   (209,374,479)
                                                  -------------
Total Property & Equipment                          237,087,490

Other Assets
  Identifiable intangible                           134,433,355
  Goodwill                                          253,159,671
  Other non-current assets                           33,078,182
                                                  -------------
  Total other assets                                420,671,208
                                                  -------------
Total Assets                                     $1,296,325,923
                                                 ==============

Liabilities and Shareholders' Equity

Liabilities not subject to compromise
  Current liabilities
     Merchandise accounts payable -
        accruals, refunds & allowances              $96,632,588
     Due to customers                                11,070,940
     Salaries and wages                              10,142,302
     Taxes, non-franchise and income tax             10,554,063
     Workers compensation                               526,465
     Current retirement plans                            86,400
     Rent                                                     -
     General liability claims                           406,221
     Accrued auto claims & uninsured losses              22,306
     Other accrued liabilities                      101,349,392
                                                  -------------
  Total Current Liabilities                         230,790,677

  Long Term Liabilities
     Long-term borrowings                           149,027,596
     Non-current deferred income                              -
     Other liabilities                                2,927,396
                                                  -------------
  Total long term liabilities                       151,954,992
                                                  -------------
  Total liabilities not subject to compromise       382,745,669

Liabilities subject to compromise
  L/T senior secured note                           650,000,000
  Unsecured claims                                  491,260,004
  Priority claims                                    26,643,128
                                                  -------------
    Total Liabilities Subject to Compromise       1,167,903,132
                                                  -------------
    Total Liabilities                             1,550,648,801

Shareholders' Equity
  Common stock                                          130,130
  Additional paid-in capital                        598,597,745
  Retained earnings - prepetition                  (536,191,697)
  Retained earnings - postpetition                 (319,381,980)
  Currency gain/loss                                  2,522,924
                                                  -------------
  Net shareholders' equity                         (254,322,878)
                                                  -------------
  Total Liabilities and Shareholders' Equity     $1,296,325,923
                                                 ==============

                  Linens Holding Co., et al.
                       Income Statement
            For the month ending September 27, 2008

Gross revenues                                     $111,926,474
Rebates and returns                                     652,423
Cost of goods sold                                  (52,922,572)
                                                  -------------
Initial Mark On (IMO)                                59,656,325

Markdowns                                            12,347,995
Gross allowances                                     (5,589,693)
Deferred allowances                                  (1,642,747)
                                                  -------------
Total markdowns - net                                 5,115,555
                                                  -------------
Merchant margin                                      54,540,770

Supply chain expenses                                (3,476,379)
Buying, product development, shrink                  (2,730,490)
                                                  -------------
Gross profit                                         48,333,901

Store payroll expense                               (15,118,491)
Other store selling expenses                         (4,259,515)
                                                  -------------
Total selling expense                               (19,378,006)
                                                  -------------
Margin after selling expenses                        28,955,895

Occupancy                                           (26,879,583)
Sales promotions                                     (5,383,959)
Other store expenses                                 (1,153,888)
Supervisory/Other                                      (843,295)
                                                  -------------
Total store expenses                                (34,260,725)
                                                  -------------
Store contribution                                   (5,304,830)

Administrative salaries                              (2,394,478)
Other administrative expenses                         1,195,384
Other income/(expense)                                  299,422
Interest                                             (1,791,901)
Taxes                                                  (286,918)
                                                  -------------
Total General & Administrative                       (2,978,491)
                                                  -------------
Net Earnings [Loss]                                  (8,283,321)
                                                  -------------
Reorganization Items                               (168,362,643)
                                                  -------------
Net Earnings [Loss] After Reorg. Items            ($176,645,964)
                                                  =============

                  Linens Holding Co., et al.
          Schedule of Cash Receipts and Disbursements
            For the month ending September 27, 2008

Cash Receipts:
  Sales receipts                                   $144,058,000
  Other receipts, i.e. tenant allow.                  1,988,000
  Store closure proceeds                             25,319,000
                                                  -------------
  Total receipts                                    171,365,000

Cash Disbursements:
  Trade payments:
     A/P - Merchandise                               46,429,000
     Rollover A/P - Prepaid                           8,801,000
     A/P - LC's & Trade Card                         12,823,000
     A/P - LAPP                                               -
                                                  -------------
  Total trade payments                               68,053,000

  Operating Expenses:
     Payroll, payroll taxes & benefits               29,114,000
     Rent checks and wires                           15,663,000
     Marketing                                        4,726,000
     Capital expenditures                                     -
     Freight                                          9,951,000
     Sales tax payable                               12,966,000
     SCS Expense/Savings                             (1,205,000)
     Other (Import duties, misc. CC fees)            18,743,000
     Administrative & selling expenses                        -
                                                  -------------
  Total operating expenses                           89,958,000

   Non-Operating Expenses:
    DIP & revolver interest & fees                            -
    Other Interest Expense/(Income)                      (2,000)
                                                  -------------
    Total non-operating expenses                         (2,000)
                                                  -------------
Net operating cash flow                              13,356,000

  Bankruptcy Expenses:
     DIP fees & expenses                                      -
     Deposits for utilities                                   -
     Professional & US Trustee fees                   5,102,000
                                                  -------------
  Total Bankruptcy Expenses                           5,102,000
                                                  -------------
Net Cash Flows                                        8,254,000
                                                  -------------
Draw / (Paydown) of DIP Facility                     (1,898,000)
                                                  -------------
Net Change in Cash                                   $6,356,000
                                                  =============

                   About Linens 'n Things, Inc.

Headquartered in Clifton, New Jersey, Linens 'n Things, Inc. --
http://www.lnt.com/-- is the second largest specialty retailer of
home textiles, housewares and home accessories in North America.
As of Sept. 30, 2008, Linens 'n Things operated 411 stores in 47
states and seven provinces across the United States and Canada.
The company is a destination retailer, offering one of the
broadest and deepest selections of high quality brand-name as well
as private label home furnishings merchandise in the industry.
Linens 'n Things has some 585 superstores (33,000 sq. ft. and
larger), emphasizing low-priced, brand-name merchandise, in more
than 45 states and about seven Canadian provinces. Brands include
Braun, Krups, Calphalon, Laura Ashley, Croscill, Waverly, and the
company's own label.  Linens 'n Things was acquired by private
equity firm Apollo Management in 2006.

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

Mark D. Collins, Esq., John H. Knight, Esq., and Jason M. Madron,
Esq., at Richards, Layton & Finger, P.A., provide Linens 'n Things
with bankruptcy counsel.  The Debtors' special corporate counsel
are Holland N. O'Neil, Esq., Ronald M. Gaswirth, Esq., Stephen A.
McCaretin, Esq., Randall G. Ray, Esq., and Michael S. Haynes,
Esq., at Morgan, Lewis & Bockius, LLP. The Debtors' restructuring
management services provider is Conway Del Genio Gries & Co., LLC.
The Debtors' CRO and Interim CEO is Michael F. Gries, co-founder
of Conways Del Genio Gries & Co., LLC. The Debtors' claims agent
is Kurtzman Carson Consultants, LLC. The Debtors' consultants are
Asset Disposition Advisors, LLC, and Protivit, Inc. The Debtors'
investment bankers are Financo, Inc., and Genuity Capital Markets.
(Bankruptcy News About Linens 'n Things, Issue No. 21; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000)


MERVYN'S LLC: Posts $30,718,000 Net Loss for Month Ended Oct. 4
---------------------------------------------------------------

                        Mervyn's LLC
                        Balance Sheet
                    As of October 4, 2008

ASSETS
Current assets
  Cash                                              $14,870,000
  Accounts receivable, net                           14,868,000
  Merchandise inventory                             334,745,000
  Prepaid and other current assets                   29,226,000
                                                   ------------
    Total current assets                            393,709,000
Long term assets
Property & Equipment
  Property, plant and equipment                     361,015,000
  Less: Accumulated depreciation                   (135,903,000)
                                                   ------------
    Total Property & Equipment                      225,111,000
  Other assets                                       55,363,000
                                                   ------------
    Total long term assets                          280,474,000

  Total assets                                     $674,183,000
                                                   ============
Liabilities and Member's Equity
Liabilities not subject to compromise
Current liabilities
  Trade accounts payable                             70,797,000
  Other accounts payable                              7,774,000
  Current portion of LT debt                         10,096,000
  Accrued expenses and other current liabilities    135,478,000
  Revolving line of credit                          167,013,000
                                                   ------------
    Total current liabilities                       391,159,000

Long term liabilities
  Workers comp/general liability reserve             41,794,000
  Deferred rent                                       3,733,000
  Capital lease debt                                 17,774,000
  Long term note payable                             34,347,000
  Other long term liabilities                           462,000
                                                   ------------
    Total long-term liabilities                      98,110,000
  Total liabilities not subject to compromise       489,268,000
  Liabilities subject to compromise                 265,613,000
                                                   ------------
  Total liabilities                                 754,881,000

Member's Equity                                     (80,698,000)
                                                   ------------
  Total liabilities and member's equity            $674,183,000
                                                   ============

                         Mervyn's LLC
                   Statement of Operations
               For Month Ended October 4, 2008

Sales                                              $154,285,000
Cost of goods sold                                   94,439,000
                                                   ------------
Gross margin                                         59,846,000

Expenses:
  Store expenses                                     19,566,000
  Distribution expenses                               2,122,000
  Variable selling expenses                           1,232,000
                                                   ------------
  Subtotal                                           22,920,000

  Marketing expenses                                  8,607,000
  IT expenses                                         2,206,000
  Store building services                             4,277,000
  Rents and leases                                   14,557,000
  CAM and property taxes                              3,911,000
  Workers comp, GL and Insurance                      2,088,000
  Benefits costs                                      1,163,000
    General management                                  549,000
    Merchandising                                     1,872,000
    Merchandise planning                                840,000
    Headquarters services                               248,000
    Finance G&A                                         890,000
    Employee expenses and other                       2,397,000
    Loss prevention                                   1,110,000
    Human resources                                     899,000
    Bonuses/LTIP                                              0
    Legal                                                65,000
    Visual merchandising                                527,000
                                                   ------------

  Total all other G&A                                 9,397,000
  Start Up expenses                                      (2,000)
  Other(income) & Expense                             7,422,000
                                                   ------------
Total expenses(excl. interest/D&A)                   76,546,000
    Credit(income)                                   (3,174,000)
       Restructuring expenses                         4,218,000
    Depreciation and amortization                    10,411,000
    Interest(Income)expense                           2,563,000
                                                   ------------
Total expenses                                       90,564,000

Net loss                                           ($30,718,000)
                                                   ============

                         Mervyn's LLC
          Schedule of Cash Receipts and Disbursements
                 For Month Ended October 4, 2008

Beginning Balance-Wachovia                           $1,348,000
Receipts
    Bank total                                       70,950,000
    Credit Card total                               102,476,000
    Non-sales Total                                  32,237,000
    Interest                                                  -
                                                   ------------
    Total receipts                                  205,663,000

Disbursements
    Imports(Imports plus BA's paid)                  28,493,000
    Trade A/P                                       100,760,000
    Expense payable                                  24,360,000
    Total payroll                                    27,235,000
    Marketing-wire                                    8,284,000
    Sales tax                                        12,409,000
    Tax & Member Distribution/Management Fees                 -
    Insurance premiums                                  342,000
    Property Related(Rent,Tax, CAM)                   2,051,000
    Store Building Services                           1,636,000
    Interest Expenses                                 2,788,000
    Other expense                                    38,227,000
                                                   ------------
    Total disbursements                             246,583,000

  Net Cash flow                                     (40,920,000)
                                                   ------------
Ending Balance-Wachovia                                 353,000

Reconciliation to Cash per GL:
    Store cash vault                                  2,902,000
    Bank of America Depository                        8,683,000
    JP Morgan Depository                                      -
    US Bank Depository                                1,738,000
    Evergreen                                                 -
    Bank of America Coins & Currency                    109,000
    Wachovia Utility Deposit                          1,081,000
    Other                                                 4,000
                                                   ------------
    Total Cash per GL                               $14,870,000
                                                   ============

                        About Mervyn's LLC

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

The company and its affiliates filed for Chapter 11 protection on
July 29, 2008, (Bankr. D. Del. Lead Case No.: 08-11586).  Howard
S. Beltzer, Esq., and Wendy S. Walker, Esq., at Morgan Lewis &
Bockius LLP, and Mark D. Collins, Esq., Daniel J. DeFranceschi,
Esq., Christopher M. Samis, Esq. and L. Katherine Good, Esq., at
Richards Layton & Finger P.A., represent the Debtors in their
restructuring efforts.  Kurtzman Carson Consultants LLC is the
Debtors' claims agent.  The Debtors' financial advisor is Miller
Buckfire & Co. LLC.  Mervyn's LLC's balance sheet at Aug. 30,
2008, showed $665,493,000 in total assets and $717,160,000 in
total liabilities resulting in a $51,667,000 total stockholders'
deficit.

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


NEUMANN HOMES: Files Monthly Operating Report for October 2008
--------------------------------------------------------------

                  Neumann Homes, Inc., et al.
                  Receipts and Disbursements
                 Month Ended October 31, 2008

Beginning Balance in All Accounts:

Neumann Citibank Operating Account                    $94,999
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                                778
Neumann Citibank - Dip Funding -
Professional Account                                       -
Restricted - Neumann Citibank - Glen at
Lakemoor EM Account                                    1,227
Restricted - Neumann Citibank - Clublands -
Antioch Clubhouse                                    157,300
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              8,234
Restricted - NHI KERP Account                         108,921
Restricted - Land Title Guarantee Escrow                    -
                                                   ----------
                                                   $2,151,197
                                                   ----------

Receipts:
Operating Account                                     383,101
Customer Earnest Money Account-Ckg                          -
Customer Earnest Money Account-MM                           -
Funding/Dip Account                                         -
Neumann Petty Cash Account                                  -
Glen at Lakemoor EM Account                                 1
Clublands Antioch Clubhouse Account                       231
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                                              -
                                                   ----------
                                                     $383,332

Disbursements:
Net Payroll:
Officers                                                   -
Others                                               (71,559)
                                                   ----------
                                                      (71,559)

Taxes:
Federal Income Tax Withholding                       (25,745)
FICA/Medicare Withholdings EE                         (2,836)
Employer's FICA/Medicare ER                           (2,836)
Federal Unemployment Taxes ER                              -
State Income Tax Withholding                          (2,985)
State Unemployment Taxes ER                                -
                                                   ----------
                                                      (34,401)

Necessary expenses:
Rent or mortgage payment(s)                           (3,547)
Utilities & phones                                      (158)
Insurance                                             (3,769)
Merchandise/services bought for manufacture/sale
Other:
  Payroll Services                                       (750)
  Benefit Related including flex spending                   -
  Miscellaneous                                          (400)
  Mileage                                              (1,596)
  Postage, shipping, copying                                -
  Worker Comp Claims                                        -
  House Trades                                              -
  Other - Transfer                                       (325)
  Supplies & Storage & Misc.                                -
  Temporary Labor                                           -
  Release of homeowner escrows                              -
  Consulting services                                 (27,565)
  US Trustee Fees                                      (8,450)
  Legal - Professional Fees                           (35,795)
  Professional tax service fees                       (22,612)
  Filing Fees, Extension Fees                               -
  Payroll tax adjustment                                    -
                                                   ----------
                                                     (104,967)
                                                   ----------
Total Disbursements:                                 (210,927)
                                                   ----------
Net Receipts (Disbursements) for the
Current period                                      (172,405)
                                                   ----------
Ending Balance in All Accounts                     $2,323,602
                                                   ==========

                       About Neumann Homes

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. 25; Bankruptcy Creditors'
Services Inc. http://bankrupt.com/newsstand/or 215/945-7000)


PROPEX INC: Posts $700,000 Net Loss in Month Ended September 28
---------------------------------------------------------------

                        Propex Inc.
      Unaudited Condensed Consolidated Balance Sheet
                As of September 28, 2008

ASSETS:
Current Assets:
   Cash and cash equivalents                       $31,800,000
   Restricted Cash                                     700,000
   Accounts Receivable, net                         99,500,000
   Accounts Receivable claims ? prepetition                  0
   Inventories, net                                122,300,000
   Deferred income taxes                             8,700,000
   Prepaid expenses and other current assets        21,100,000
   Assets held for sale                              7,400,000
                                                  ------------
Total current assets                               291,500,000

Other assets:
   Goodwill                                                  0
   Intangible assets, net                           16,000,000
   Deferred income taxes                                     0
   Investment in subsidiaries                                0
   Intercompany notes receivable                             0
   Other assets                                      7,700,000
                                                  ------------
Property, plant and equipment, net                 203,100,000
                                                  ------------
Total assets                                      $518,300,000
                                                  ============

LIABILITIES AND STOCKHOLDER'S EQUITY
Current liabilities:
Prepetition
   Accounts payable                                  7,900,000
   Accrued liabilities                               1,200,000
   Current portion of debt and accrued interest    382,200,000
   Accrued pension obligations                               0
   Restructuring and other similar costs               700,000
   Other current liabilities                           300,000
Postpetition
   Accounts payable                                 26,500,000
   Accrued liabilities                              23,900,000
   Current portion of debt and accrued interest     36,800,000
   Accrued pension obligations                               0
   Restructuring and other similar costs               500,000
   Other current liabilities                         1,800,000
                                                  ------------
Total current liabilities                          481,800,000

Non-current liabilities:
Prepetition
   Accrued pension and other postretirement
   benefit liabilities                              17,100,000
   Other  non-current liabilities                            0
Postpetition
   Intercompany notes payable                                0
   Debt, less current portion                                0
   Deferred income taxes                            11,300,000
   Accrued pension and other postretirement
   benefit liabilities                              27,500,000
   Other non-current liabilities                     1,200,000
                                                  ------------
  Total non-current liabilities                     57,100,000

  Total stockholder's equity
   Common stock                                              0
   Paid-in capital                                  96,400,000
   Accumulated other comprehensive income           16,300,000
   Retained earnings ? prior year                  (88,300,000)
   Retained earnings ? current year                (45,000,000)
                                                  ------------
  Total stockholder's equity                       (20,600,000)
                                                  ------------
Total Liabilities and stockholder's equity       $518,300,000
                                                  ============

                       Propex Inc.
Unaudited Condensed Consolidated Statements of Operations
           For Month Ended September 28, 2008

Net revenue                                        $48,500,000
Cost of sales                                       45,000,000
                                                  ------------
   Gross profit                                      3,500,000

Operating expenses:
   Selling, general and administrative               4,900,000
   Other(income) expense, net                          100,000
   Add Back depreciation and amortization            2,100,000
EBITDA                                                600,000
   Depreciation & Amortization                       2,100,000
   Interest expense                                  1,900,000
   Restructuring and similar costs                  (3,000,000)
   Non-cash pension and other expense                        0
   Other non-operating expense(income)                       0
     Impairment of property, plant and equipment             0
     Pension curtailment(gain), net of settlement loss       0
     Debt forgiveness                                        0
     Other                                                   0
   Equity(income) loss from sub-earnings                     0
   Income(loss) before income taxes                   (400,000)
     Income tax provision (benefit)                    300,000
                                                  ------------
Net income (loss)                                   ($700,000)
                                                  ============

                         Propex Inc.
         Unaudited Condensed Statement of Cash Flows
              For Month Ended September 28, 2008

Cash flows from operating activities
  Net income(loss)                                   ($700,000)
  Adjustments to reconcile, net income to net cash
  provided by (used) in operating activities:
  Depreciation and amortization                      2,100,000
  Non-cash interest on debt                                  0
  Amortization of bank fees                                  0
  Net gain on dispositions of property and
  and equipment                                              0
  Stock-based compensation                                   0
  Impairment of property, plant and equipment                0
  Impairment of goodwill                                     0
  Impairment of intangibles                                  0
  Pension and post-retirement benefit cost          (4,400,000)

   Deferred income taxes                                     0
  Changes in operating assets and liabilities
   Decrease(increase) in assets?prepetition                  0
   Decrease(increase) in assets?post-petition        8,800,000
   (Decrease) increase in liabilities?prepetition            0
   (Decrease)increase in liabilities?post-petition  (3,900,000)
                                                  ------------
Net cash provided (used) by operating activities    1,900,000

Cash flows from investing activities
   Capital expenditures                               (600,000)
   Proceeds from sale of property and equipment              0
   Acquisition of business(net of cash acquired)             0
                                                  ------------
     Net cash used in investing activities            (600,000)

Cash flows from financing activities
   Payments of long-term debt principal                      0
   Proceeds from issuance of debt                            0
   Debt issuance costs                                       0
   Dividends                                                 0
   Net receipts from unconsolidated parent company           0
   Activity with Affiliates                            600,000
                                                  ------------
Net cash provided by (used in) financing activities   600,000
   Effect of changes in foreign exchange rates on
    cash and cash equivalents                         (400,000)
                                                  ------------
  Change in cash and cash equivalents                1,500,000
                                                  ------------
  Cash and cash equivalents-beginning period        30,300,000
                                                  ------------
  Cash and cash equivalents- end period            $31,800,000
                                                  ============

                        About Propex Inc.

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

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

Propex Inc., and its affiliates delivered to the Court a Joint
Plan of Reorganization and Disclosure Statement on October 29,
2008.  Propex's exclusive period to solicit acceptances of the
Plan expires Dec. 29, 2008.

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

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


SEMGROUP LP: Files Amended Monthly Operating Report for July 2008
-----------------------------------------------------------------
SemCrude, L.P., et al., delivered to the U.S. Bankruptcy Court for
the District of Delaware an amendment to their consolidated income
statement for the period July 22 through July 31, 2008.

According to Terrence Ronan, acting president and chief executive
officer of the Debtors, the amendment adds the entry for
Eaglwing, L.P.'s cash receipts and disbursements.

                    SemCrude, L.P., et al.
               Cash Receipts and Disbursements
             July 22, 2008 through July 31, 2008

Cash Receipts
  SemCrude, L.P.                                   $15,929,532
  SemCrude Pipeline, LLC                            54,248,645
  SemGas Gathering LLC                                 474,598
  SemKan LLC                                         5,883,491
  SemFuel                                           40,455,825
  SemManagement LLC                                          -
  SemMaterials LP                                   71,914,881
  SemGas LP                                          6,320,942
  SemGas-Davis Gathering                                     -
  SemTrucking                                           14,649
  SemStream                                         33,127,014
  SemGroup LP                                        3,480,032
  Eaglwing, L.P.                                       342,413
                                                  ------------
Total Cash Receipts                                232,192,022

Cash Sweeps
  SemCrude, L.P.                                   (17,642,535)
  SemCrude Pipeline, LLC                                     -
  SemGas Gathering LLC                                (471,574)
  SemKan LLC                                        (5,857,456)
  SemFuel                                          (93,859,149)
  SemManagement LLC                                   (129,739)
  SemMaterials LP                                  (91,799,253)
  SemGas LP                                         (6,251,879)
  SemGas-Davis Gathering                                25,000
  SemTrucking                                          (42,410)
  SemStream                                          4,064,782
  SemGroup LP                                      212,090,137
                                                  ------------
Total Cash Sweeps                                      125,923

Cash Disbursements
  SemCrude, L.P.                                   (21,083,553)
  SemCrude Pipeline, LLC                            (4,942,506)
  SemGas Gathering LLC                                    (204)
  SemKan LLC                                            14,741
  SemFuel                                          (19,446,797)
  SemManagement LLC                                 (7,944,056)
  SemMaterials LP                                     (611,122)
  SemGas LP                                            120,927
  SemGas-Davis Gathering                               (22,616)
  SemTrucking                                                -
  SemStream                                        (68,262,248)
  SemGroup LP                                      (81,556,907)
  Eaglwing, L.P.                                      (156,671)
                                                  ------------
Total Cash Disbursements                          (203,734,340)
                                                  ------------
Net Cash Flow                                      $28,583,604
                                                  ============

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


SEMGROUP LP: Files Monthly Operating Report for September 2008
--------------------------------------------------------------

                    SemCrude, L.P., et al.
                  Consolidated Balance Sheet
                   As of September 30, 2008
                        (In thousands)

                             ASSETS

Cash                                                   $511,085
Accounts receivable                                   1,064,644
Inventories                                             347,042
Derivative asset                                         25,289
Margin deposits                                               -
Income taxes receivable                                       -
Deferred tax asset                                            -
Receivable from affiliate                               122,223
Other current assets                                     74,114
Intercompany                                                  -
                                                   ------------
Total current assets                                  2,144,397
                                                   ------------
Property, plant and equipment                           570,678
Accumulated depreciation                               (115,695)
Pipeline linefill                                        33,674
                                                   ------------
Net property, plant and equipment                       488,657
                                                   ------------
Investment in subsidiaries                              359,253
Long-term derivative assets                                   -
Goodwill                                                 59,715
Investment in affiliates                                121,394
Deferred tax asset                                        1,062
Receivable from affiliate                               221,804
Other assets, net                                        98,330
                                                   ------------
Total Assets                                         $3,494,612
                                                   ============

              LIABILITIES AND PARTNERS' CAPITAL

Subject to Compromise:
Accounts payable                                     $1,070,099
Book overdrafts                                               -
Accrued liabilities                                   1,106,064
Income taxes payable                                          -
Deferred revenue                                              -
Deferred income taxes                                         -
Derivative liabilities                                        -
Current portion of long-term debt                       150,000
                                                   ------------
Current liabilities subject to compromise             2,326,163
                                                   ------------
Revolver facility                                       665,000
Working capital facility                              1,606,472
Term B notes                                            141,274
Senior notes                                            600,000
Pension obligations                                      13,449
                                                   ------------
Liabilities Not Subject to Compromise:
Accounts payable                                         99,115
Book overdrafts                                               -
Accrued liabilities                                      24,075
Income taxes payable                                          -
Deferred revenue                                          1,341
Deferred income taxes                                         -
Derivative liabilities                                    7,571
Current portion of long-term debt                       120,909
                                                   ------------
Total current liabilities                               253,011
                                                   ------------
Revolver facility                                             -
Working capital facility                                      -
Term B notes                                                  -
Capital lease obligations                                 1,974
Other obligations                                             -
Note payable to parent                                        -
Senior notes                                                  -
Deferred tax liability                                        -
Long-term derivative liabilities                              -
Asset retirement obligation                                   -
Pension obligations                                     594,914
Other long-term liabilities                                 666
Minor interest                                                -
                                                   ------------
Accum. other comprehensive income                         7,338
Partners' capital                                    (2,715,649)
                                                   ------------
Total partners' capital                              (2,708,311)
                                                   ------------
Total liabilities and partners' capital              $3,494,612
                                                   ============

                    SemCrude, L.P., et al.
            Consolidated Statement of Operations
               Month Ended September 30, 2008
                       (In thousands)

Sales
Operating Outside Sales
  Product Sales                                        $162,321
  Services                                                2,329
  Other Operating Revenue                                 6,152
                                                   ------------
Total Outside Operating Sales                           170,802
Trading Activity                                          2,411
                                                   ------------
Total Outside Operating Revenue                         173,213
Operating Revenue Intercompany                           35,579
                                                   ------------
Total Operating Revenue                                 208,792
Unrealized G/L on Derivatives                              (188)
                                                   ------------
Total Revenue                                           208,604

Cost of Goods Sold
  Products                                              181,168
  Transportation & Fuel                                   3,802
  Other                                                     201
                                                   ------------
Total Outside Cost of Goods Sold                        185,171
Cost of Goods Sold Intercompany                          34,543
                                                   ------------
Total Cost of Sales                                     219,714
                                                   ------------
Gross Profit                                            (11,110)

Operating Expenses
  Wages & Benefits                                        2,932
  Field Expenses                                          3,202
  Maintenance & Repairs                                     187
  Outside Services                                        1,311
  Property & Equipment Leases & Rents                     7,839
  Insurance Permits Licenses Taxes                          566
  Office                                                    188
  Travel Lodging Meetings                                    99
  Other                                                    (272)
                                                   ------------
Total Operating Expenses                                 16,052

General & Administrative Expenses
  Wages & Benefits                                        4,421
  Miscellaneous                                               1
  Maintenance & Repairs                                     127
  Outside Services                                        1,288
  Property & Equipment Leases & Rents                       460
  Insurance Permits Licenses Taxes                          602
  Office                                                    720
  Travel Lodging Meetings                                   553
  Other                                                    (848)
                                                   ------------
Total General & Administrative Expenses                   7,327
                                                   ------------
Earnings before Interest Taxes Depr. Amort.             (34,489)
                                                   ------------
Other (Income) Expenses
Interest Income                                             (68)
Other Income                                              2,082
Foreign Currency Transaction (Income) Loss                 (200)
Interest Expense                                          1,020
Depreciation                                              4,263
Amortization                                              1,683
Reorganization                                          138,608
                                                   ------------
Net Profit (Loss)                                     ($181,877)
                                                   ============

                    SemCrude, L.P., et al.
               Cash Receipts and Disbursements
            September 1 through September 30, 2008

Cash Receipts
  SemCrude, L.P.                                    $43,858,429
  Eaglwing, L.P.                                              -
  SemCrude Pipeline, LLC                                 24,642
  SemGas Gathering LLC                                  792,358
  SemKan LLC                                             21,637
  SemFuel                                            68,771,962
  SemManagement LLC                                           -
  SemGas Storage LLC                                          -
  SemMaterials LP                                   116,423,825
  SemGas LP                                          10,372,207
  SemGas-Davis Gathering                                      -
  SemTrucking                                             4,462
  SemStream                                         113,258,381
  SemGroup LP                                        12,392,521
                                                   ------------
                                                    365,920,425

Cash Sweeps
  SemCrude, L.P.                                     (5,795,896)
  Eaglwing, L.P.                                      1,166,109
  SemCrude Pipeline, LLC                              9,048,029
  SemGas Gathering LLC                                 (823,116)
  SemKan LLC                                             (4,049)
  SemFuel                                           (46,156,474)
  SemManagement LLC                                  11,574,166
  SemGas Storage LLC                                          -
  SemMaterials LP                                   (85,806,186)
  SemGas LP                                             (92,090)
  SemGas-Davis Gathering                                 19,804
  SemTrucking                                            28,976
  SemStream                                         (20,516,174)
  SemGroup LP                                       137,356,902
                                                   ------------
Total Cash Sweeps                                             0

Cash Disbursements
  SemCrude, L.P.                                    (39,003,150)
  Eaglwing, L.P.                                     (2,079,756)
  SemCrude Pipeline, LLC                            (20,769,215)
  SemGas Gathering LLC                                 (104,650)
  SemKan LLC                                           (134,198)
  SemFuel                                           (33,370,362)
  SemManagement LLC                                           -
  SemGas Storage LLC                                     (3,633)
  SemMaterials LP                                   (33,262,535)
  SemGas LP                                         (11,900,966)
  SemGas-Davis Gathering                                (19,804)
  SemTrucking                                           (44,936)
  SemStream                                         (92,246,128)
  SemGroup LP                                        (9,297,433)
                                                   ------------
Total Cash Disbursements                           (242,236,766)
                                                   ------------
Net Cash Flow                                      $123,683,659
                                                   ============

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


SEMGROUP LP: Amends Monthly Operating Report for August 2008
------------------------------------------------------------
SemCrude, L.P., et al., delivered to the U.S, Bankruptcy Court for
the District of Delaware an amendment to their consolidated income
statement for the period Aug. 1 through Aug. 31, 2008, to include
Eaglwing, L.P.'s cash receipts and disbursements for the period.

                    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                                          -
  SemMaterials LP                                            -
  SemGas LP                                        144,272,230
  SemGas-Davis Gathering                            13,504,749
  SemTrucking                                           56,783
  SemStream                                        113,344,662
  SemGroup LP                                          805,430
  Eaglwing, L.P.                                       910,963
                                                  ------------
Total Cash Receipts                                425,875,467

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
  SemMaterials LP                                            -
  SemGas LP                                       (111,165,327)
  SemGas-Davis Gathering                           (10,710,833)
  SemTrucking                                          (55,194)
  SemStream                                        (25,076,888)
  SemGroup LP                                      191,705,979
  Eaglwing, L.P.                                    24,952,349
                                                  ------------
Total Cash Sweeps                                   49,905,345

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)
  SemMaterials LP                                           32
  SemGas LP                                        (85,373,149)
  SemGas-Davis Gathering                            (5,154,472)
  SemTrucking                                           (2,207)
  SemStream                                        (88,108,485)
  SemGroup LP                                      (38,582,941)
  Eaglwing, L.P.                                     5,509,638
                                                  ------------
Total Cash Disbursements                          (391,071,591)
                                                  ------------
Net Cash Flow                                     $866,852,403
                                                  ============

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


TROPICANA ENTERTAINMENT: Posts $18,354,000 Net Loss in October
--------------------------------------------------------------

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

                            ASSETS

Current Assets
Accounts receivable - trade                                $0
Cash & temporary cash investments                  49,268,000
Deposits                                            2,299,000
Inventories                                                 0
Other receivables                                           0
Prepaid expenses                                       63,000
                                                --------------
Total Current Assets                                51,630,000

Property and Equipment
Buildings                                                   0
Construction in progress                               98,000
Furniture & fixtures                                  114,000
Land                                                        0
Riverboats, barges & ramps                                  0
Vehicles                                                    0
                                                --------------
Total Property and Equipment                           212,000

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

Other Assets
Investments                                     2,775,215,000
Other assets                                       31,600,000
                                                --------------
Total Other Assets                               2,806,814,000
                                                --------------
TOTAL ASSETS                                    $2,858,656,000
                                                ==============

             LIABILITIES AND SHAREHOLDERS' DEFICIT

Current Liabilities
Accounts payable                                  $15,396,000
Accrued other expenses                              1,158,000
Accrued payroll                                       385,000
Deferred income                                             0
Notes payable - Evansville                                  0
Payroll taxes payable                                       0
Sales tax payable                                           0
                                                --------------
Total Current Liabilities                           16,939,000

Long Term Debt Due Beyond One Year
DIP financing                                      67,000,000
                                                --------------
Total Long Term Debt Due Beyond One Year            67,000,000

Other Liabilities
Deferred fed taxes                                          0
Deferred rent                                               0
Deferred state inc taxes                                    0
Intercompany                                       51,288,000
                                                --------------
Total Other Liabilities                             51,288,000

Total Liabilities not Subject to Compromise        135,227,000

Liabilities Subject to Compromise
Non-intercompany                                  925,990,000
Intercompany                                    1,593,200,000
                                                --------------
Total Liabilities Subject to Compromise           2,519,190,000
                                               --------------
Total Liabilities                                2,654,417,000

Total Stockholders' Equity                         204,238,000
                                                --------------
Total Liabilities & Shareholders' Deficit       $2,858,656,000
                                                ==============

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

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

Operating Expenses
Casino operating expenses                                   0
Rooms operating expenses                                    0
Food and beverage operating expenses                        0
Other casino and hotel operating expenses                   0
Utilities                                                   0
Marketing, advertising and casino promotions            7,000
Repairs and maintenance                                27,000
Insurance                                              43,000
Property and local taxes                                    0
Gaming tax and licenses                                     0
Administrative and general                          2,019,000
Leased land and facilities                             (8,000)
Depreciation and amortization                               0
Loss on disposition of assets                               0
Bad debt expense - loans                                    0
Impairment charge                                           0
Restructuring cost                                          0
Chapter 11 reorg. & other prof. Fees                3,437,000
                                                --------------
Total Operating Expense                              5,525,000

Income from Operations                              (5,525,000)

Other Income (Expense)
Interest expense                                  (12,840,000)
Intercompany interest income / (expense)               11,000
Interest income                                             0
                                                --------------
Total Other Income (Expense)                       (12,829,000)

Federal Income Tax                                           0

Income Before Minority Interest                    (18,354,000)
                                                --------------
NET INCOME                                        ($18,354,000)
                                                ==============

                 About Tropicana Entertainment

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

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

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

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

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


WELLMAN INC: Posts $28,200,000 Net Loss in September 2008
---------------------------------------------------------

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


                              ASSETS

Current assets:
Cash and cash equivalents                            $2,100,000
Accounts receivable                                 115,300,000
Inventories                                          45,300,000
Prepaid expenses and other current assets            27,100,000
Current assets held for sale                                  -
                                                  ------------
Total current assets                                189,800,000

Property, plant and equipment:
Land, buildings and improvements                     90,400,000
Machinery and equipment                             339,400,000
CIP                                                   4,200,000
                                                   ------------
                                                    434,000,000
Less accumulated depreciation                       199,400,000
                                                   ------------
Net property, plant and equipment                   234,600,000

Other assets                                         11,700,000
Noncurrent assets held for sale                               -
                                                   ------------
Total Assets                                       $436,100,000
                                                   ============

              LIABILITIES & STOCKHOLDERS' DEFICIT

Liabilities Not Subject to Compromise
Current Liabilities:
Accounts payable - trade                             $1,700,000
Accrued liabilities                                  24,500,000
Debtor in possession credit agreement               108,600,000
Other debt                                                    -
Current liabilities associated with                           -
assets held for sale
                                                   ------------
Total current liabilities                           134,800,000

Liabilities subject to compromise                   532,000,000
Long-term debt                                                -
Deferred income taxes and other
noncurrent liabilities                              37,700,000
Noncurrent liabilities associated with                        -
assets held for sale
                                                   ------------
Total Liabilities                                   704,500,000

Stockholders' Deficit:
Common stock                                                  -
Preferred stock                                     185,800,000
Paid-in capital                                     248,500,000
Common stock warrants                                 4,900,000
Accumulated other comprehensive loss                          -
Accumulated deficit                                (658,100,000)
Less common stock in treasury                       (49,500,000)
                                                   ------------
Total Stockholders Deficit                         (268,400,000)
                                                   ------------
                                                   $436,100,000
                                                   ============

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

Net Sales                                           $70,100,000
Cost of Sales                                        82,400,000
                                                   ------------
Gross Profit (Loss)                                 (12,300,000)

Selling, General and Administrative Expenses          5,800,000
Other (Income) Loss                                   7,400,000
                                                   ------------
Operating Income (Loss)                             (25,500,000)

Interest Expense, Net                                 1,000,000
                                                   ------------
Earnings (Loss) from continuing operations          (26,500,000)
before reorganization items and income taxes

Reorganization Items, Net                             1,700,000
                                                   ------------
Earnings (Loss) from continuing operations          (28,200,000)
before income taxes

Income Tax Expense (Benefit)                                  0
                                                   ------------
Earnings (Loss) from continuing operations          (28,200,000)

Earnings (Loss) from discontinued operations,                 0
net of tax
                                                   ------------
Net Earnings (Loss)                                ($28,200,000)
                                                   ============

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

Cash flow from operating activities:
Net earnings (loss)                                ($28,200,000)

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

Loss from discontinued operations, net of tax                 0
Depreciation                                            900,000
Amortization                                          1,400,000
Amortization in interest expense                        600,000
Deferred taxes on income                                      0
Reorganization Items                                  1,700,000
Payment of reorganization items                      (2,800,000)
Gain on sale of assets                                        0

Changes in assets and liabilities:
Accounts receivable                                   3,900,000
Inventories                                          27,200,000
Prepaid expenses and other current assets             1,400,000
Other assets                                                  0
Accounts payable and accrued liabilities              1,200,000
Other liabilities                                             0
Other                                                         0
                                                   ------------
Net cash provided (used) by operating activities      7,300,000

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

Cash flows from financing activities:
Borrowings (Repayments) of long-term debt            (6,100,000)
Dividends paid on common stock                                0
Debt and equity issuance costs                                0
                                                   ------------
Net cash provided (used) by financing activities     (6,100,000)

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

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

Cash and cash equivalents, beginning                  1,100,000
                                                   ------------
Cash and cash equivalents at end of period           $2,100,000
                                                   ============

Keith R. Phillips, Wellman Inc.'s vice-president and chief
financial officer, notes that the Monthly Operating Statements
are limited in scope, cover a limited time period, and have been
prepared solely for the purpose of complying with the monthly
reporting requirements of the U.S. Bankruptcy Court.

Mr. Phillips adds that the Monthly Operating Statements are
unaudited and does not purport to show the financial statements
of any of the Debtors in accordance with accounting principles
generally accepted in the United States of America.

"Therefore, the Monthly Operating Statements may exclude items
required by GAAP, such as certain reclassifications,
eliminations, accruals, valuations and disclosure items," Mr.
Phillips says.

                       About Wellman Inc.

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

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

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

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

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

Wellman filed a restructuring plan before the Bankruptcy Court on
June 25, 2008.  (Wellman Bankruptcy News; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000).

                             *********

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

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

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

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

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

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

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

                             *********

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

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Luke Caballos, Sheryl Joy P. Olano, Ronald C. Sy, Joel
Anthony G. Lopez, Cecil R. Villacampa, 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
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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-
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for the term of the initial subscription or balance thereof are
$25 each.  For subscription information, contact Christopher Beard
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                    *** End of Transmission ***