TCR_Public/081220.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 20, 2008, Vol. 12, No. 303

                             Headlines



ACCEPTANCE INSURANCE: Posts $43,166 Net Loss in November 2008
BOSCOV'S INC: Files Monthly Operating Report -- Ended November 1
BUFFETS HOLDINGS: Monthly Operating Report -- Ended November 19
CADENCE INNOVATION: Monthly Operating Report -- Ended October 31
CATHOLIC CHURCH: Fairbanks' Operating Report -- Ended October 31

FRONTIER AIRLINES: Files Monthly Operating Report -- October 31
PROPEX INC: Files Monthly Operating Report -- November 2, 2008
QUEBECOR WORLD: Files Monthly Operating Report -- November 1
SHARPER IMAGE: Files Monthly Operating Report -- October 31



                             ********

ACCEPTANCE INSURANCE: Posts $43,166 Net Loss in November 2008
-------------------------------------------------------------
Acceptance Insurance Companies Inc. reported total assets of
$22,810,791, total liabilities of $138,206,695, and stockholders'
deficit of $115,395,904 as of Nov. 30, 2008.

For the month ended Nov. 30, 2008, the Debtor generated total
revenue of $885 and incurred a net loss of $43,166.

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

http://www.sec.gov/Archives/edgar/data/74783/000119312508253445/de
x991.htm

                   About Acceptance Insurance

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

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


BOSCOV'S INC: Files Monthly Operating Report -- Ended November 1
----------------------------------------------------------------

                     Boscov's Inc. et al.
                   Consolidated Balance Sheet
                    As of November 1, 2008

                            Assets

Current Assets:
Cash and cash equivalents                           $11,069,916
Deposits for utilities                                1,228,645
Trade accounts receivable                            12,028,761
Due from affiliated companies                                 0
Merchandise inventory                               255,681,000
Prepaid expenses & other current assets
Deferred taxes                                        9,664,472
Prepaid expenses                                      6,126,984
Prepaid rent                                          2,904,528
Prepaid real estate taxes                             1,775,037
Inventory reserve -- Gordon Bros.                     1,300,000
Prepaid advertising                                   1,144,382
Deferred rent - asset -- current                        590,749
Prepaid rent Lehigh -- current                          275,000
Prepaid insurance                                       240,498
Prepaid commission Boscov -- current                    249,857
Prepaid miscellaneous taxes                              86,665
Loans and exchanges -- employees                         41,647
                                                    ------------
     Total current assets                            304,408,141

Property and equipment
Fixtures, building improvements                     263,936,855
Leasehold improvements                               78,326,230
Construction in progress                              4,296,322
Property/equipment capital lease                              0
                                                    ------------
                                                     346,559,407
Less: accumulated depreciation                      227,940,167
                                                    ------------
Property and equipment, net                          118,619,240
Other assets                                          36,391,228
                                                    ------------
Total Assets                                        $459,418,609
                                                    ============

          Liabilities and Stockholders' Equity

Current Liabilities:
Accounts payable -- postpetition                     $6,407,952
Unpaid prepetition rents                              4,017,549
Accrued expenses                                      3,974,029
Accrued professional fees and holdbacks               2,174,189
Fair value of derivative instruments                    412,382
Current maturities of long-term debt                    190,969
                                                    ------------
Total current liabilities                            17,177,070
                                                    ------------

DIP loan                                             153,422,781
Liabilities subject to compromise
Accounts payable and accrued
liabilities, unsecured                              116,284,689
Second lien term loan -- secured                     38,068,386
Long term debt -- secured                             6,983,877
                                                    ------------
Total DIP and Liabilities Subject to Compromise     314,759,732

Deferred income tax                                    2,047,523
Other long-term liabilities
Deferred revenue -- landlord allowance               36,028,293
Deferred rent liability -- non-current               18,174,784
Insurance reserve                                    17,559,542
Deferred revenue -- credit card gain                 14,502,194
Debt obligation Christiana                            5,277,379
Long-term liability Lehigh                            5,221,761
Deferred revenue -- Monmouth sale                     4,059,162
Deferred revenue -- Boscoverage                       2,797,171
Deferred revenue -- vendors                             250,000
                                                    ------------
Total long-term liabilities                         420,677,540
                                                    ------------
   Total Liabilities                                 437,854,611
Stockholders' Equity
Preferred stock, Class A                                      0
Preferred stock, Class B                                      0
Preferred stock, Class C                                      0
Common stock                                             53,960
Common stock, non-voting                             28,484,091
Partners' capital/capital contribution                        0
Interest rate derivative equity adjustment             (242,892)
Additional paid-in capital                           12,307,096
Members' equity                                               0
Treasury stock                                     (180,562,771)
Retained earnings -- prepetition                    191,505,543
Current earnings -- postpetition                    (29,981,029)
                                                    ------------
Total Stockholders' Equity                           21,563,998
                                                    ------------
Total Liabilities & Equity                          $459,418,609
                                                    ============

                      Boscov's, Inc., et al.
                      Statement of Operations
                From October 5 to November 1, 2008

                                                     Boscov's
                                       Boscov's      Department
                                       Inc., et al.  Store LLC
                                       -----------   -----------
Net sales                              $67,834,998   $67,834,998

Cost of sales:
Merchandise inventory                 231,416,000   231,416,000
Purchases                              63,762,310    63,762,310
Less: Purchase discounts                        0             0
Net purchases                          63,762,310    63,762,310
Freight In                                297,351       297,351
Cost of purchases                      64,059,661    64,059,661
Merchandise available for sale        295,475,661   295,475,661
                                       -----------   -----------
Merchandise inventory,
end of period                         255,681,000   255,681,000
                                       -----------   -----------
Cost of goods sold                     39,794,661    39,794,661
                                       -----------   -----------
Gross margin                            28,040,337    28,040,337

Other income:
Other income                               51,700        51,700
Gain on sale of assets                    506,359       441,139
Royalties on trademark                          0      (683,956)
Royalties - Boscov's charge sales       1,224,714     1,224,714
                                       -----------   -----------
Total other income                      1,782,773     1,033,597

Occupancy and Buying Costs:
Rent/CAMs                               2,716,237     2,837,032
Buyers costs                            1,527,972     1,527,972
Utilities                               1,323,689     1,323,689
Real estate taxes                         935,920       935,920
Employee discount                         635,907       635,907
Equipment rental                          550,368       550,368
Store cleaning                            450,324       450,324
Delivery expenses                         433,302       379,421
Office equipment maintenance/
service contracts                         175,448       175,448
Maintenance                               130,982       130,982
Loss prevention                            35,944        35,944
Trash                                      29,488        29,488
Repairs                                    14,561        14,561
Buying service                             13,568        13,568
Boscov's rewards points                    11,513        11,513
Storage trailers                            5,974             0
Parking lot maintenance                     3,037         3,037
Marking                                       217           217
Kitchen rent                              (15,193)      (15,193)
                                       -----------   -----------
Total occupancy & buying                 8,979,257     9,040,197

Total Cost of Goods Sold
and Occupancy and Buying                48,773,918    48,834,858
                                       -----------   -----------
Gross profit                            20,843,853    20,033,737

Selling, general and
administrative expenses
Payroll                                13,398,568    12,623,185
Newspaper                               3,707,401     3,707,401
Professional fees                       1,944,021     1,930,614
Hospitalization                         1,752,341     1,761,715
Payroll taxes                             959,897       945,766
Television                                882,461       882,461
Bank card charges                         458,547       458,547
Internet                                  374,474       374,474
Electronic data processing                370,716       370,716
Insurance                                 334,987       334,987
Liquidation results                       311,585       311,585
Wrapping                                  297,856       297,856
Insurance claims -- prior period          245,503       245,503
Warehouse trucks                          225,746       298,085
Credit expense                            179,925       179,925
Telephone                                 167,465       167,355
Miscellaneous taxes                        98,316        94,285
Outside services                           96,272        96,272
Bank service charge                        90,057        89,977
Miscellaneous                              85,692        85,641
Cleaning supplies                          52,039        52,039
Travel                                     49,638        49,638
Automobile expense                         44,785        41,891
Display                                    44,674        44,674
Postage                                    42,860        42,860
Group life insurance                       42,117        42,117
Employee expense                           38,735        38,735
Supplies                                   34,978        34,978
Marketing                                  34,271        34,271
Gift cards                                 33,815        33,815
Office supplies                            32,377        31,964
Form and equipment supplies                 9,027         9,027
Check scan                                  4,665         4,665
Free bus and parking                        4,074         4,074
Employee expense -- classified ads          2,781         2,781
Store error dist.                           2,036         2,036
Third party expense reimbursement           1,269         1,269
Administrative fees                           400        (1,600)
Bad debts                                    (300)         (300)
Collection expense                           (455)         (455)
Promotional gift cards                       (813)         (813)
Supplies -- print shop                     (3,675)       (3,675)
Subscriptions                              (4,294)       (4,294)
Leased department advertising             (52,539)      (52,539)
PM income                                (396,544)     (396,544)
Co-op advertising                        (591,692)     (591,692)
Buyers costs                           (1,527,972)   (1,527,972)
                                       -----------   -----------
Total Selling, General
and Admin Expenses                     23,878,088    23,147,302

Depreciation                             1,168,813     1,133,934
Deferred financing amortization            216,015       216,015
Loss on asset disposition               25,230,037    25,230,037
Interest expense                         1,662,248     1,923,196
Profit sharing/401K match                        0             0
                                       -----------   -----------
Income (Loss) before taxes             (31,311,349)  (31,616,748)
Provision for income taxes             (11,743,040)            0
                                       -----------   -----------
Net income (loss)                     ($19,568,309) ($31,616,748)
                                       ===========   ===========

The Debtors also filed with the Court a summary of their cash
receipts and disbursements for October 2008, a copy of which is
available for free at:

   http://bankrupt.com/misc/Boscovs_CashFlows_Oct2008.pdf

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

Boscov's Inc. and its debtor-affiliates filed for Chapter 11
protection on Aug. 4, 2008 (Bankr. D. Del. Case No.: 08-11637).
Judge Kevin Gross presides over the cases.

David G. Heiman, Esq., and Thomas A. Wilson, Esq., at Jones Day,
serve as the Debtors' lead counsel.  The Debtors' financial
advisor is Capstone Advisory Group and their investment banker is
Lehman Brothers, Inc.  The Debtors' claims agent is Kurtzman
Carson Consultants L.L.C.

Boscov's listed assets of $538 million and liabilities of
$479 million in its bankruptcy filing.

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


BUFFETS HOLDINGS: Monthly Operating Report -- Ended November 19
---------------------------------------------------------------

                    Buffets Holdings, Inc.
                        Balance Sheet
                   As of November 19, 2008

                          ASSETS

Current Assets:
Cash on Hand - drawer                                $1,374,632
Total depository account                              4,381,062
Temporary investments                                25,000,000
Cash                                                  6,926,527
                                                 --------------
Total cash & cash equivalents                        37,682,222

Receivables-landlord                                     25,042
Credit card receivables                               1,388,836
Intercompany                                                  -
Total rebates receivable                              3,271,029
Accounts receivable                                   5,892,843
Due to/From affiliate                                         0
                                                 --------------
Total Receivables                                    10,577,751

Inventory                                            31,044,918
                                                 --------------
Total Inventories                                    31,044,918

Restricted cash                                       2,601,256

Employee advances                                        21,988
Escrow deposits - short term                            632,327
Deposits - prefunded LC - current                    21,088,986
Prepaid car leases                                       42,185
Prepaid Insurance                                     1,080,758
Prepaid rent                                          2,866,673
Prepaid other                                         2,513,971
Prepaid advertising                                   9,628,196
Prepaid rent escrow                                     285,063
Notes receivable - short term                            11,957
                                                 --------------
Total prepaid expenses & other assets                38,172,104

Deferred income taxes - current                      13,651,000
Deferred tax valuation allowance - current          (13,651,000)
                                                 --------------
Total current assets                                120,078,250

Cabinet division inventory                            4,282,595
Corporate inventory                                     577,933
Proceeds of sale clearing account                        (1,200)
CIP - non system                                        385,927
Land                                                  9,298,836
Building                                              5,586,674
Accumulated depreciation - building                    (887,232)
Leasehold improvement                               158,596,744
Accumulated amortization                            (95,013,803)
Equipment                                           220,858,948
Accumulated depreciation - equipment               (138,417,828)
Automobile                                              315,330
Accumulated depreciation - auto                        (129,267)
Assets to be sold - PP&E                             16,364,294
Accumulated depreciation - assets to be sold            (83,228)
                                                 --------------
Total property, plant & equipment, net              181,734,722

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                                    1,457,237
Recipes                                               2,070,991
Trademark                                            56,600,000
                                                 --------------
Total other intangible assets                        60,471,909

Prepaid rent deposits                                 1,745,726
Deposits                                              3,597,167
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       (16,189,827)
Notes receivable from subsidiaries                            0
Total notes receivable - long term                        7,370
Split Dollar Life Ins. Receivable                     2,169,580
                                                 --------------
Total other noncurrent assets                        31,029,696

Total assets                                       $528,088,352
                                                 ==============

            LIABILITIES & SHAREHOLDERS' EQUITY

Current liabilities:
Accounts payable - prepetition                      $24,489,820
Accounts payable - postpetition                      43,663,046
COD Clearing                                                  0
Misc. accruals - restaurant level                     7,782,999
Misc accruals - WIS                                        (663)
Misc. accruals - corp level                           4,429,163
                                                 --------------
Total accounts payable                               80,364,365

Accrued 401(k)                                          928,194
Accrued payroll                                      11,891,847
Accrued bonus                                           971,672
Accrued payroll taxes                                 3,837,095
Accrued vacation                                      7,222,848
                                                 --------------
Total accrued compensation                           24,853,656

Accrued insurance - auto                                 27,053
Workers compensation payable                         22,333,860
Accrued insurance - general liability                15,366,871
Accrued health_dental_life                            3,022,057
Accrued insurance - other                               199,420
                                                 --------------
Total accrued insurance                              40,949,260

Accrued percentage rent                               1,575,573
Accrued interest - short term                        25,024,363
Accrued property taxes                                9,966,059
Accrued litigation - reserve                          9,428,224
Accrued postage                                         (12,025)
Accrued advertising                                   2,617,993
Accrued liabilities - other                           7,766,861
Deferred income - current                                97,883
Gifts certificates/gift cards                         4,005,745
Cash receipts suspense                                  143,094
Lease Rejection Claims Reserve                       50,237,330
Sales/use tax payable                                11,742,204
Accrued restaurant closing costs                      3,969,027
                                                 --------------
Total accrued liabilities                           192,365,245


Income taxes payable                                 (3,986,334)
Estimated income taxes                                  557,419
                                                 --------------
Total income taxes payable                           (3,428,915)

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                           417,109,145

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                                         45,563,010

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

Long term sublease deposits                              33,905
Post retirement benefits payable                         18,788
Total deferred income                                 5,705,476
                                                 --------------
Total other long-term liabilities                     5,758,169
                                                 --------------
Total non-current liabilities                       914,616,179
                                                 --------------
Total liabilities                                 1,331,725,324
                                                 --------------
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                                  (630,166,122)
Level 8 profit/loss                                 (73,205,038)
                                                 --------------
Retained earnings                                  (804,535,960)

Total shareholders' equity                         (803,636,927)
                                                 --------------
Total liabilities & Stockholders' equity           $528,088,352
                                                 ==============

                   Buffets Holdings, Inc.
                     Income Statement
             For the month ended November 19, 2008

Total sales                                        $104,876,538
Total food cost                                      37,963,283
Total labor                                          31,264,695
Operating costs                                      14,470,103
Occupancy costs                                      12,463,750
                                                --------------
Total DIR & O/C                                      26,933,853
                                                 --------------
Total restaurant costs                               96,161,830
                                                 --------------
Restaurant profit (level 4)                           8,714,708

Total SG&A Expense                                    9,124,463

Closed restaurant costs                                  21,103
Impairment Cost                                               -
Merger/integration costs                                      -
                                                 --------------
Earnings from operations                               (430,701)

Other income (expense)
Franchise income                                         45,573
Interest income                                             137
Interest expense                                     (6,468,291)
Other income (expense)                                   27,807
Reorganization Costs                                 (4,174,388)
Net Worth Tax                                           (51,398)
Intercompany                                                  0
                                                 --------------
Total other income (expense)                        (10,620,559)
                                                 --------------
Earnings before tax                                 (11,051,418)

Net worth tax
Income Taxes                                             68,000
                                                 --------------
Net earnings (loss)                                ($11,119,418)
                                                 ==============

                  Buffets Holdings, Inc.
        Schedule of Cash Receipts & Disbursements
            For the month ended November 19, 2008

Cash Receipts (inc. Sales tax):
Cash receipts                                      $66,810,000
Credit card                                         44,275,000
                                                 --------------
                                                    111,085,000

Receipts
(Gift card usage)                                             0
Rebates, other                                       4,034,000
                                                ---------------
Total cash receipts                                 115,119,000

Operating Disbursements:
A/P
Check                                                6,574,000
EFT                                                 55,909,000
Change in trade terms                                  (874,000)

Payroll                                              31,972,000
Rent (Cash occupancy)                                 7,793,000
Sales tax                                             3,508,000
Other operating                                               0
                                                 --------------
Total operating disbursements                       104,882,000
                                                 --------------
Net operating cash flows                             10,237,000

Non-operating Disbursements (Receipts):
Income tax                                                   0
Total CapEx                                          3,569,000
Professional fees, inc. holdbacks                    1,661,000
Closed restaurant costs                                      0
Deposits (Utility)                                           0
Other                                                  (18,000)
Cash (Proceeds) from asset sales                             0
                                                 --------------
Total non-operating disbursements                     5,212,000

Financing Payments:
Interest expense                                     6,173,000
Interest (income)                                      (45,000)
DIP Fees/other                                               0
Principal payments                                           0
                                                ---------------
Total financing disbursements                         6,128,000
                                                 --------------
Total net disbursements                             116,222,000

Net cash receipts (disbursements)                   ($1,103,000)
                                                 ==============

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


CADENCE INNOVATION: Monthly Operating Report -- Ended October 31
----------------------------------------------------------------

                     Cadence Innovation LLC
                    Unaudited Balance Sheet
                     As of October 31, 2008
ASSETS:
Cash                                                 $1,661
Accounts Receivable                                  30,972
Manufacturing Inventories                            14,781
Tooling Inventories                                   2,891
IC Receivable Payable                               (53,008)
Prepaid Expenses and other current assets             2,679
Professional Retainers                                1,439
Assets Held for Sale                                  3,700
                                                  ----------

  Total Current Assets                                 5,115
Property, Plant and Equipment
Capital Leases                                        1,809
Land                                                 10,121
Building and Improvements                            26,499
Machinery & Equipment                                61,664
Office & Transportation Equipment                     4,239
Construction-in-Progress                              2,253
                                                  ----------
  Total Property, Plant & Equipment                  106,585
Accumulated Depreciation                            (20,829)
                                                  ----------
  Net Property, Plant & Equipment                     85,756
                                                  ----------
Loans to Insiders                                         -
Intangible Assets, Net                                  682
Other Non-Current Assets                              3,587
                                                  ----------
   TOTAL ASSETS                                      $95,140
                                                  ==========
LIABILITIES:
Postpetition Liabilities:
Accounts Payable                                    (8,883)
Accrued Accounts Payable                            15,724
Accrued Wages                                          439
Accrued Taxes - Payroll                                 83
Accrued Fringe Benefits                              3,496
Accrued Taxes - Property and Sales and Use              64
Accrued Severance                                        -
Amounts due to Insiders                                  -
                                                 ----------
  Total Postpetition Liabilities  (sic)               8,926

Prepetition Liabilities:
  Secured Debt                                       13,133
  Priority Debt                                           -
  Unsecured Debt                                    112,571
                                                 ----------
   Total Prepetition Liabilities                    125,704

EQUITY:
Owners Capital                                     302,123
Retained Earnings ? Prepetition                   (340,500)
Retained Earnings ? Postpetition                    (1,113)
                                                 ----------
TOTAL LIABILITIES AND EQUITY                        $95,140
                                                 ==========

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

Total Revenue/Sales                                  $33,914
Cost of Sales                                         27,351
                                                  ----------
Gross Profit                                          6,563

Expenses:
Advertising                                               -
Auto and Truck Expense                                    -
Bad Debts                                                 -
Contributions                                             -
Employee Benefit Programs                             1,090
Insider Compensation                                    162
Insurance                                                71
Management Bonuses                                        -
Office Expenses                                           -
Pension and Profit Sharing Plans                          -
Professional Fees - Non Bankruptcy                        4
Repairs and Maintenance                                  34
Rent and Lease Expense                                  546
Salaries/Commissions/Fees                             1,108
Supplies                                                 19
Taxes - Payroll                                         347
Taxes - Real Estate                                     141
Taxes - Other                                             -
Travel and Entertainment                                 35
Utilities                                               130
Other                                                  (161)
                                                  ----------
Total Expenses                                        3,525
Depreciation                                             831
                                                  ----------
Net Operating Profit (Loss)                           2,207
Other                                                     -
Interest Expense and 1% OEM Discounts                   722
(Gain)/Loss from Discontinued Operations                 13
Intercompany Transfers                                    -
                                                  ----------
Net Profit (Loss)                                     1,472
Reorganization Items
Professional Fees                                     1,347
Trustee Fees                                             10
Interest Earned on Accumulated Cash from Chap. 11         -
(Gain)/Loss from Sale of Equipment                        -
Other Reorganization Expense                              -
                                                  ----------
Total Reorganization Expenses                         1,357
Income Taxes                                               -
                                                  ----------
NET INCOME/(LOSS)                                       $115
                                                  ==========

                  Cadence Innovation LLC
        Schedule of Cash Receipts and Disbursements
          for the month ended October 31, 2008

Cash - Beginning of Month                             $1,781

Receipts:
Cash Sales                                                -
Accounts Receivable                                  36,536

Other Receipts                                       (4,977)
                                                  ----------
Total Receipts                                       31,559
                                                  ----------

Disbursements:
Net Payroll                                           4,742
Contract labor                                        1,381
Payroll Taxes                                         1,801
Sales, Use and Other Taxes                               41
Inventory Purchases                                  19,384
Capital Expenditures - Machinery & Equipment            512
Employee Expenses                                        71
Insurance                                                21
Rent and Leases                                         162
Purchased Services                                      633
Utilities                                               666
Tooling                                               1,002
Other                                                   250
Operating and Maintenance Supplies                      601
Owner Draw                                                -
Legal and Professional Fees                              94
Bank Charges                                            179
Board of Director Fees                                   81
U.S. Trustee quarterly fees                              30
Court Costs                                              28
                                                  ----------
Total Disbursements                                  31,679
                                                  ----------
Net Cash Flow                                           (120)
                                                  ----------
Cash - End of Month                                   $1,661
                                                  ==========

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

ASSETS:
Cash                                                      -
Accounts Receivable                                       -
Manufacturing Inventories                                 -
Tooling Inventories                                       -
IC Receivable Payable                               $40,768
Prepaid Expenses and other current assets                 -
Professional Retainers                                    -
Assets Held for Sale                                      -
                                                  ----------
Total Current Assets                                 40,768

Property, Plant and Equipment
Capital Leases                                            -
Land                                                      -
Building and Improvements                                 -
Machinery & Equipment                                     -
Office & Transportation Equipment                         -
Construction-in-Progress                                  -
                                                  ----------
  Total Property, Plant & Equipment                        -
Accumulated Depreciation                                   -
                                                  ----------
   Net Property, Plant & Equipment                         -

Loans to Insiders                                         -
Intangible Assets, Net                                    -
Other Non-Current Assets                                  -
                                                  ----------
     TOTAL ASSETS                                    $40,768
                                                  ==========
LIABILITIES:
Postpetition Liabilities:
Accounts Payable                                          -
Accrued Accounts Payable                                  -
Accrued Wages                                             -
Accrued Taxes - Payroll                                   -
Accrued Fringe Benefits                                   -
Accrued Taxes - Property and Sales and Use                -
Accrued Severance                                         -
Amounts due to Insiders                                   -
                                                  ----------
  Total Postpetition Liabilities                           -

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

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

                   About Cadence Innovation

Headquartered in Troy, Michigan, Cadence Innovation LLC --
http://www.cadenceinnovation.com/-- manufactures and sells auto
parts to its customers GM and Chrysler.  The company has at least
4,200 employees in the United States and Europe, including Hungary
and Czech Republic.  The company and its debtor-affiliate, New
Venture Real Estate Holdings, LLC, filed for Chapter 11
reorganization on Aug. 26, 2008 (Bankr. D. Del. Lead Case No. 08-
11973).  Norman L. Pernick, Esq. and Patrick J. Reilley, Esq., at
Cole, Schotz, Meisel, Forman & Leonard, represent the Debtors as
counsel.  When the Debtors filed for protection from their
creditors, they listed assets of between $10 million and
$50 million, and debts of between $100 million and $500 million.
(Cadence Bankruptcy News, Issue No. 9; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000)


CATHOLIC CHURCH: Fairbanks' Operating Report -- Ended October 31
----------------------------------------------------------------

              Catholic Bishop of Northern Alaska
                Statement of Financial Position
                    As of October 31, 2008

                                             CBNA      Held for
ASSETS                                       Total       Others
                                             -----      --------
Cash and cash equivalents:                $185,574      $131,103
Investments:
  Valuables in safe                            168             -
  Trust account @ market                   754,512             -
  457 Plan assets @ market                       -       123,206
  Endowment Fund @ market                        -    14,446,909
  Endowment Fund - earnings @ market    (2,358,491)            -
  Limited partnerships                     261,324             -
Accounts receivable, net of allowance:
  Tuition, fees and others               1,138,387             -
  For parishes and school                   70,811             -
  Other                                      6,631             -
Notes and other receivables                346,514             -
Grants pledged                              62,500             -
Fixed assets, net at cost:
  Land and building                      7,780,155             -
  Aircraft                                 340,726             -
  Equipment                                      -             -
Other assets                               181,713             -
                                        ----------    ----------
  Total Assets                          $8,770,530   $14,701,218
                                        ==========   ===========

LIABILITIES AND NET ASSETS

Liabilities:
Accounts payable/accrued liabilities      $800,513             -
Notes payable                              216,966             -
Benefits payable                            57,551             -
Deferred revenue                         1,239,758             -
Annuities payable                          215,684             -
Other liabilities                           20,611             -
Payroll-related liabilities:
  Payroll taxes                             55,092             -
  General vacation accrual account          16,339             -
  Accrued leave                            242,522             -
Insurance:
  Long term disability                         425             -
  Insurance deposits payables              114,830             -
  Insurance reserves expense                40,562             -
  Indemnity insurance reserves                  50             -
  Medical/Dental payroll deduction         217,815             -
CBNA building loan                               -             -
                                        ----------    ----------
  Total Liabilities                      3,238,724             -
                                        ----------    ----------

Total net assets                         5,531,805    14,701,218
                                        ----------    ----------
  Total Liabilities and Net Assets      $8,770,530   $14,701,218
                                        ==========    ==========

              Catholic Bishop of Northern Alaska
                    Statement of Activities
             For the month ending October 31, 2008

                                             CBNA      Held for
                                            Total       Others
Support and revenue:                         -----     --------
  Parish assessments                       $14,357            -
  Tuition, net of tuition assistance       179,395            -
  Curricular income                          3,125            -
  Donations                                449,660            -
  Investment income                     (1,566,414)    $254,095)
  Other income                              22,900        3,022
  Temporarily restricted gifts              75,567            -
                                        ----------   ----------
  Total support and revenue               (821,407)    (251,073)

Expenses:
  Operating expenses                       120,602            -
  Supplies                                  19,640            -
  Repair & Maintenance                      25,360            -
  Utilities                                 44,071            -
  Insurance                                 19,742            -
  Staff Expenses:
     Salaries & Wages                      389,611            -
     Payroll Taxes                          24,470            -
     Employee Benefits                      93,892            -
  Curricular Expenses                            -            -
  Recruiting, advertising and PRs           22,857            -
  Travel Expenses                           18,700            -
  Student related expenses                     295            -
  Contributions                              3,055            -
  Professional and technical fees           43,653            -
  Investment services                        4,131          529
  Subsidies                                 21,807            -
  Rental/Lease Expense                      62,507            -
  Assessments                                5,478            -
  Fund Raising Expense                      40,244            -
  Radio Programming Expense                  5,870            -
  Radio Technical Dept. Expenses            18,176            -
  Miscellaneous Expense                      9,941            -
                                        ----------    ---------
  Total General                            994,113          529

  Funds released from restricted funds          -             -
  Net change in designated funds                -             -
                                        ----------   ----------
  Total Expenses                           994,113          529
                                        ----------   ----------
Increase (decrease) in net assets       (1,815,521)    (251,603)
                                        ----------   ----------

Re-organization costs                      150,453            -

Increase (decrease) in net assets       ----------   ----------
after Re-org costs                      (1,965,975)     251,603

Net assets:
  Beginning of month                    7,497,780    14,449,615
                                       ----------    ----------
  End of month                         $5,531,805   $14,701,218
                                       ==========    ==========

              Catholic Bishop of Northern Alaska
                Cash Receipts and Disbursements
             For the month ending October 31, 2008

                                             CBNA      Held for
                                            Total       Others
                                            -----      --------
Beginning balance - February 2008         $485,237       $77,681

Total receipts - prior general
  account reports                        8,179,746       875,370
Less total disbursements                 8,225,443       870,252
                                        ----------    ----------
Beginning balance - Sept. 30, 2008         439,540        82,799

Receipts during current period:
  Transfers between internal accounts       35,872             -
  Funds received by CBNA from KNOM          55,873             -
  Funds received from Catholic Schools      61,272             -
  Funds received by CSF from CBNA           24,287             -
  Funds collected from others              139,692       139,692
  Custodial funds                           64,953        64,953
  Accounts receivable                      162,490             -
  Restricted funds and endowment gifts     138,139             -
  Donations                                449,399             -
  Interest & dividends                         532             -
  Payment refund/return                      3,003             -
  Programs                                      50             -
  Co-curricular income                       3,106             -
  Curricular income                             88             -
  Other income/fees                            868             -
  Miscellaneous                              4,104             -
                                        ----------    ----------
  Total receipts this period             1,143,734       204,646
                                        ----------    ----------
Balance                                  1,583,274       287,446

Less total disbursements:
  Transfers between internal accounts       35,872             -
  Transfers from KNOM to CBNA               55,322             -
  Transfers from Cath. Schools to CBNA      43,073             -
  Funds disbursed for others                74,941        74,941
  Custodial funds                           20,590        20,590
  Co-curricular expense                     18,110             -
  Curricular expense                         9,040             -
  Programming - News service                 5,018             -
  Mission & program support                  3,748             -
  Wages & salaries                         336,227             -
  Employee benefits                        247,249             -
  Staff development                          3,431             -
  Supplies: maintenance/repairs              1,223             -
  Supplies: school                           6,138             -
  Supplies: office                          11,685             -
  Scholarships/donations/financial aid         275             -
  Administrative                             2,133             -
  Maintenance/repairs                       42,388             -
  Rent                                       1,014             -
  Fundraising                                6,358             -
  Telephone/Internet                         3,934             -
  Utilities                                 61,039             -
  Dues/Fees                                  4,747             -
  Refunds                                      709             -
  Travel                                    19,776             -
  Printing and copying                      13,784             -
  Postage                                   39,907             -
  Services & insurance                         973             -
  Education expenses                           227             -
  NSF's                                        405             -
  Bank fees and charges                      2,637             -
  Interest expense                           1,002             -
  List rental and copy leases               68,978             -
  Annuities                                  2,480             -
  Professional fees                         26,899             -
  Miscellaneous                              3,033             -
  Scammon Bay church building project       22,311             -
  Advertising                               70,268             -
  Supplies: food                             1,237             -
                                        ----------    ----------
  Total disbursements this period        1,268,196        95,532
                                        ----------    ----------
Ending balance - October 31, 2008         $315,078      $191,913
                                        ==========    ==========

                   About Diocese of Fairbanks

The Roman Catholic Diocese of Fairbanks in Alaska, aka Catholic
Bishop of Northern Alaska, aka Catholic Diocese of Fairbanks, aka
The Diocese of Fairbanks, aka CBNA -- http://www.cbna.info/--
filed for chapter 11 bankruptcy on March 1, 2008 (Bankr. D. Alaska
Case No. 08-00110).  Susan G. Boswell, Esq., at Quarles & Brady
LLP represents the Debtor in its restructuring efforts.  Michael
R. Mills, Esq., of Dorsey & Whitney LLP serves as the Debtor's
local counsel and Cook, Schuhmann & Groseclose Inc. as its special
counsel.  Judge Donald MacDonald, IV, of the United States
Bankruptcy Court for the District of Alaska presides over
Fairbanks' Chapter 11 case.  The Debtor's schedules show total
assets of $13,316,864 and total liabilities of $1,838,719.

The church's plans to file its bankruptcy plan and disclosure
statement on July 15, 2008.  Its exclusive plan filing period
expires on Jan. 15, 2009.  (Catholic Church Bankruptcy News, Issue
No. 134; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


FRONTIER AIRLINES: Files Monthly Operating Report -- October 31
---------------------------------------------------------------
Frontier Airlines Holdings, Inc., filed its Monthly Operating
Report for October 2008.  Frontier reported an operating loss of
$15.9 million and a consolidated net loss of $20.5 million for the
month.  Excluding fuel hedging activities and reorganization
expenses, Frontier would have reported a loss of $11.6 million.

Frontier's October results included $7.4 million in mark-to-market
losses on fuel hedges and $1.5 million in reorganization costs.

"October is a seasonally low month for the airline industry," said
Frontier President and CEO Sean Menke.  "Our October performance
is in accordance with our plan, but we know we must continue to be
diligent with our cash management efforts while keeping a careful
eye on our costs as we move forward with our restructuring
efforts."

The cash balance for October 2008 does not include proceeds
realized from the sale of two aircraft at the beginning of
November.  Frontier also plans to close on the sale of two more
aircraft in early December, further improving the Company's cash
position.

A full-text copy of Frontier's operating report for October 2008
is available for free at:

http://sec.gov/Archives/edgar/data/1351548/000110465908073948/a08
-29494_1ex99d01.htm

            FRONTIER AIRLINES HOLDINGS, INC., ET AL.
       Unaudited Condensed Consolidated Balance Sheet
                  As of October 31, 2008

                             ASSETS

CURRENT ASSETS:

Cash and cash equivalents                          $52,091,000
Short-term investments                               3,740,000
Restricted investments                             136,517,000
Receivables, net of an allowance for
     doubtful accounts                               44,965,000
Prepaid expenses and other assets                   25,552,000
Inventories, net of allowance                       17,428,000
Assets held for sale                                   769,000
                                                 --------------
Total current assets                                281,062,000

Property and other equipment, net                   718,443,000
Security and other deposits                          40,536,000
Aircraft pre-delivery payments                        3,497,000
Restricted investments                                2,987,000
Deferred loan expenses and other assets               6,530,000
                                                 --------------
Total Assets                                     $1,053,055,000
                                                 ==============

             LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities not subject to compromise:

CURRENT LIABILITIES:
Accounts payable                                   $42,690,000
Air traffic liability                              185,348,000
Other accrued expenses                              83,506,000
Income tax payable                                   1,375,000
Deferred revenue & other current liabilities        28,136,000
PDP financing                                                0
DIP financing                                       30,000,000
                                                 --------------
Total current liabilities not subject               371,054,000
to compromise

Other long-term debt -- postpetition                  2,000,000
Deferred revenue and other liabilities               21,650,000
                                                 --------------
Total liabilities not subject to compromise         394,704,000

Liabilities subject to compromise                   613,391,000
                                                 --------------
Total Liabilities                                 1,008,095,000

STOCKHOLDERS' EQUITY
Preferred stock                                              -
Common stock                                            37,000
Additional paid-in capital                         196,506,000
Unearned ESOP shares                                  (137,000)
Other comprehensive loss                                     -
Accumulated deficit                               (151,446,000)
                                                 --------------
Total Stockholders' Equity                           44,960,000
                                                 --------------
Total Liabilities and Stockholders' Equity       $1,053,055,000
                                                 ==============

             FRONTIER AIRLINES HOLDINGS, INC., ET AL
    Unaudited Condensed Consolidated Statement of Operations
                   Month Ended October 31, 2008

Revenues:
Passenger                                          $93,467,000
Cargo                                                  482,000
Other                                                3,449,000
                                                 --------------
Total revenues                                       97,398,000

Operating expenses:
Flight operations                                   12,476,000
Aircraft fuel                                       53,344,000
Aircraft lease                                       9,570,000
Aircraft and traffic servicing                      13,977,000
Maintenance                                          7,703,000
Promotion and sales                                  7,631,000
General and administrative                           5,074,000
Operating expenses -- regional partner                       -
Loss (gain) on sales of assets, net                     97,000
Employee separation and other charges                        -
Depreciation                                         3,397,000
                                                 --------------
Total operating expenses                            113,269,000
                                                 --------------
Operating loss                                      (15,871,000)

Non-operating income (expense):
Interest income                                        305,000
Interest expense                                    (2,953,000)
Loss from early extinguishment of debt                       -
Other, net                                            (432,000)
                                                 --------------
Total non-operating expense, net                     (3,080,000)

Loss before reorganization items & income tax       (18,951,000)
Reorganization items                                 1,512,000
Income tax expense                                           -
                                                 --------------
Net Loss                                           ($20,463,000)
                                                 ==============

             FRONTIER AIRLINES HOLDINGS, INC., ET AL.
    Unaudited Condensed Consolidated Statement of Cash Flow
                   Month Ended October 31, 2008

Cash flows from operating activities:
Net Loss                                          ($20,463,000)

Adjustments to reconcile net loss to net cash
used in operating activities:
   ESOP and stock option compensation expense           159,000
   Depreciation and amortization                      3,746,000
   Assets beyond economic repair                        199,000
   Mark to market losses on derivative contracts     14,333,000
   Proceeds received for settled
    derivative contracts                             (6,909,000)
   Loss (Gain) on disposal of equipment
    and other assets, net                                97,000
   Loss on early extinguishment of debt                       -
   Unrealized loss on short-term investments                  -
Changes in operating assets and liabilities:
   Restricted investments                            (5,480,000)
   Receivables                                       (4,431,000)
   Security and other deposits                       (5,609,000)
   Prepaid expenses and other assets                 (1,776,000)
   Inventories                                        2,072,000
   Other assets                                               -
   Accounts payable                                   8,043,000
   Air traffic liability                             (2,433,000)
   Other accrued expenses                            (4,911,000)
   Deferred revenue and other liabilities             6,709,000
   Reorganization items                               1,512,000
                                                 --------------
Net cash used in operating activities               (15,142,000)

Cash flows from reorganization activities
Net cash used in reorganization activities          (2,263,000)

Total net cash used in operating activities         (17,405,000)

Cash flows from investing activities:
Aircraft purchase deposits made                              -
Aircraft purchase deposits returned                          -
Sale of short-term investment                                -
Proceeds from the sale of property and
  equipment and assets held for sale                     45,000
Capital expenditures                                  (978,000)
Proceeds from the sale of aircraft --
  reorganization activity                                     -
                                                 --------------
Net cash used in investing activities                  (933,000)

Cash flows from financing activities:
Proceeds from DIP financing (postpetition)                   -
Extinguishment of long-term borrowings                       -
Principal payments on long-term borrowings          (2,242,000)
Extinguishment of long-term borrowings --
  reorganization activity                                     -
Principal payments on short-term borrowing                   -
Payment of financing fees                                    -
                                                 --------------
Net cash used in financing activities                (2,242,000)

Decrease in cash and cash equivalents               (20,580,000)
Cash and cash equivalents at beginning of period     72,671,000
                                                 --------------
Cash and cash equivalents at end of period          $52,091,000
                                                 ==============

                  About Frontier Airlines Inc.

Headquartered in Denver, Colorado, Frontier Airlines Inc. --
http://www.frontierairlines.com/-- provides air transportation
for passengers and freight.  It operates jet service carriers
linking Denver, Colorado hub to 46 cities coast-to-coast, 8 cities
in Mexico, and 1 city in Canada, as well as provide service from
other non-hub cities, including service from 10 non-hub cities to
Mexico.

The Debtor and its debtor-affiliates filed for Chapter 11
protection on April 10, 2008, (Bankr. S.D. N.Y. Case No.
08-11297 thru 08-11299.)  Benjamin S. Kaminetzky, Esq., and Hugh
R. McCullough, Esq., at Davis Polk & Wardwell, represent the
Debtors in their restructuring efforts.  Togul, Segal & Segal
LLP is the Debtors' Conflicts Counsel, Faegre & Benson LLP is
the Debtors' Special Counsel, and Kekst and Company is the
Debtors' Communications Advisors.

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


PROPEX INC: Files Monthly Operating Report -- November 2, 2008
--------------------------------------------------------------

                          Propex Inc.
         Unaudited Condensed Consolidated Balance Sheet
                    As of November 2, 2008

ASSETS:
Current Assets:
  Cash and cash equivalents                       $40,300,000
  Restricted Cash                                     600,000
  Accounts Receivable, net                         85,100,000
  Accounts Receivable claims - prepetition                  0
  Inventories, net                                105,500,000
  Deferred income taxes                             8,700,000
  Prepaid expenses and other current assets        17,100,000
  Assets held for sale                              7,400,000
                                                 ------------
Total current assets                              264,700,000

Other assets:
  Goodwill                                                  0
  Intangible assets, net                           15,600,000
  Deferred income taxes                                     0
  Investment in subsidiaries                                0
  Intercompany notes receivable                             0
  Other assets                                      7,200,000
                                                 ------------
Property, plant and equipment, net                193,300,000
                                                 ------------
Total assets                                     $480,800,000
                                                 ============

LIABILITIES AND STOCKHOLDER'S EQUITY
Current liabilities:
Prepetition
  Accounts payable                                  7,900,000
  Accrued liabilities                               1,000,000
  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                                 23,400,000
  Accrued liabilities                              19,200,000
  Current portion of debt and accrued interest     37,300,000
  Accrued pension obligations                               0
  Restructuring and other similar costs               400,000
  Other current liabilities                         1,600,000
                                                 ------------
Total current liabilities                         474,000,000

Non-current liabilities:
Prepetition
  Accrued pension and other postretirement
  benefit liabilities                              16,500,000
  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                              24,600,000
  Other non-current liabilities                     1,200,000
                                                 ------------
  Total non-current liabilities                    53,600,000

  Total stockholder's equity
  Common stock                                              0
  Paid-in capital                                  96,400,000
  Accumulated other comprehensive income            1,600,000
  Retained earnings - prior year                  (88,300,000)
  Retained earnings - current year                (56,500,000)
                                                 ------------
  Total stockholder's equity                      (46,800,000)
                                                 ------------
Total Liabilities and stockholder's equity      $480,800,000
                                                 ============

                         Propex Inc.
    Unaudited Condensed Consolidated Statements of Operations
             For Month Ended November 2, 2008

Net revenue                                       $51,600,000
Cost of sales                                      52,600,000
                                                 ------------
   Gross profit                                    (1,000,000)

Operating expenses:
  Selling, general and administrative               6,300,000
  Other(income) expense, net                          400,000
  Add Back depreciation and amortization            2,400,000

EBITDA                                            (5,300,000)
  Depreciation & Amortization                       2,400,000
  Interest expense                                  2,300,000
  Restructuring and similar costs                   1,100,000
  Non-cash pension and other expense                  100,000
  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                  (11,200,000)
    Income tax provision (benefit)                    300,000
                                                 ------------
Net income (loss)                               ($11,500,000)
                                                 ============

                           Propex Inc.
          Unaudited Condensed Statement of Cash Flows
                 For Month Ended November 2, 2008

Cash flows from operating activities

  Net income(loss)                               ($11,500,000)
  Adjustments to reconcile, net income to net cash
  provided by (used) in operating activities:
  Depreciation and amortization                     2,500,000
  Non-cash interest on debt                                 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           200,000
  Deferred income taxes                                     0
  Changes in operating assets and liabilities
   Decrease(increase) in assets-prepetition                 0
   Decrease(increase) in assets-postpetition       25,500,000
   (Decrease) increase in liabilities-prepetition    (200,000)
   (Decrease)increase in liabilities-postpetition  (6,900,000)
                                                 ------------
Net cash provided (used) by operating activities   9,600,000

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                         1,000,000
                                                 ------------
Net cash provided by(used in)financing activities  1,000,000
   Effect of changes in foreign exchange rates on
    cash and cash equivalents                      (1,500,000)
                                                 ------------
  Change in cash and cash equivalents               8,500,000
                                                 ------------
  Cash and cash equivalents-beginning period       31,800,000
                                                 ------------
  Cash and cash equivalents- end period           $40,300,000
                                                 ============

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


QUEBECOR WORLD: Files Monthly Operating Report -- November 1
-----------------------------------------------------------

              Quebecor World (USA), Inc., et al.
                    Combined Balance Sheet
                   As of November 1, 2008

ASSETS

Current Assets:
  Cash and Cash equivalents                       $171,500,000
  Accounts receivables                             553,100,000
  Trade and receivables                             47,200,000
  Inventories                                      172,500,000
  Future income taxes and tax receivable            17,000,000
  Prepaid Expenses                                  29,300,000
                                                 -------------
Total current expenses                             990,600,000
                                                 -------------
Property, plant and equipment                    1,139,400,000
Goodwill                                           336,400,000
Restricted cash                                     32,300,000
Future income taxes                                  2,600,000
Other assets                                       337,900,000
                                                --------------
TOTAL ASSETS                                    $2,839,200,000
                                                ==============

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities not subject to compromise:
  Bank indebtedness                                $14,800,000
  Trade payables and accrued liabilities           272,800,000
  Payables to related parties                        2,900,000
  Income and other taxes payable                    18,300,000
  Current portion long-term debt                   491,800,000
  Combined Statement of Operations               2,906,300,000
                                                 -------------
Total current liabilities                        3,706,900,000
                                                 -------------

Other liabilities not subject to compromise:
  Long-term debt                                     7,400,000
  Other liabilities                                162,800,000
  Future income taxes                               94,100,000

Shareholders equity:
Capital stock                                    1,031,300,000
Contributed surplus                                470,000,000
Retained earnings                               (2,633,000,000)
Accumulated other comprehensive loss                  (300,000)
                                                --------------
Total Equity                                    (1,132,000,000)
                                                --------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY      $2,839,200,000
                                                ==============

              Quebecor World (USA), Inc., et al.
               Combined Statement of Operations
             For the month ended November 1, 2008


OPERATING REVENUES                                 $318,700,000
Operating expenses:
Cost of sales                                       254,000,000
Selling, general and administrative                  17,500,000
Depreciation and amortization                        16,900,000
                                                   ------------
Total operating expenses                            288,400,000
                                                   ------------
Operating income                                     30,300,000

Financial expenses                                   24,700,000
Reorganization items                                  1,500,000
Income taxes                                            300,000
                                                   ------------
                                                     26,500,000
                                                   ------------
Net loss and comprehensive loss                      $3,800,000
                                                   ============

              Quebecor World (USA), Inc., et al.
               Combined Statement of Cash Flows
               For Month Ended November 1, 2008

Cash flows from operating activities:
Net income                                           $3,800,000
Adjustments for:
Depreciation of property, plant and equipment        16,900,000
Future income taxes                                     200,000
Amortization of other assets                            900,000
Other                                                   500,000
                                                   ------------
                                                     22,300,000
                                                   ------------
Net changes in non-cash balances to operations:
Accounts receivable                                 (14,300,000)
Inventories                                         (10,600,000)
Trade payables and accrued liabilities               18,800,000)
Other current assets and liabilities                 (3,400,000)
Other non-current assets and liabilities               (200,000)
                                                   ------------
                                                     (9,700,000)
                                                   ------------
Cash flows provided by (used in) operating
activities                                           12,600,000
                                                   ------------
Cash flows from financing activities:
Net change in bank indebtedness                         400,000
Repayment of long-term debt obligations
under capital lease                                    (900,000)
                                                   ------------
Cash flows provided by (used in) operating
activities                                             (500,000)
                                                   ------------
Cash flows from investing activities:
Additions to property, plant and equipment           (3,900,000)
Restricted cash related to insolvency
proceedings                                             100,000
                                                   ------------
Cash flows provided by (used in) operating
activities                                           (3,800,000)
                                                   ------------
Net changes in cash and cash equivalents              8,300,000
Cash and cash equivalents, beginning of period      163,200,000
                                                   ------------
Cash and cash equivalents, end of period           $171,500,000
                                                   ============

                     About Quebecor World

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

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

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

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

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

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

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

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

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

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


SHARPER IMAGE: Files Monthly Operating Report -- October 31
-----------------------------------------------------------

                       Sharper Image Corp.
                         Balance Sheet
                      As of October 31, 2008

ASSETS
Current assets:
  Unrestricted Cash and Equivalents                 $4,039,921
  Restricted Cash and Equivalents                            -
  Trade Accounts Receivable, net                       324,065
  Other Accounts Receivable                          3,276,584
  Notes Receivable                                           -
  Inventories                                          254,335
  Prepaid Expenses                                   1,902,426
  Professional Retainers                                     -
  Deferred Income Taxes/Prepaid Income Taxes        17,048,582
  Debit balances in AP                               1,836,976
                                                  ------------
Total current assets                                28,682,889

Property and Equipment:
  Real Property and Improvements                     2,926,573
  Machinery and Equipment                                    -
  Furniture, Fixtures and Office Equipment                   -
  Leasehold Improvements                                     -
  Vehicles                                                   -
  Work In Progress                                     451,799
  Less: Accumulated Depreciation                    (1,013,109)
                                                  ------------
Total Property and Equipment                         2,365,262

Other assets:
  Loans to Insiders                                          -
  Other Assets                                      12,611,010
                                                  ------------
Total Assets                                       $43,659,161
                                                  ============

LIABILITIES AND OWNER'S EQUITY

Liabilities not subject to Compromise (Post)
  Accounts Payable                                 ($4,095,824)
  Taxes Payable                                       (606,738)
  Wages Payable                                          3,776
  Notes Payable                                              -
  Rent/Leases - Building/Equipment                           -
  Secured Debt - Line of credit                              -
  Other Reserves                                             -
  Liquidation (GOB Sales) Clearing Account         (11,220,743)
  Amounts Due to Insiders                                    -
  Accrual for Unpaid Professional Fees              (2,149,230)
  Other Postpetition Liabilities                             -
                                                 -------------
Total Postpetition Liabilities                     (18,068,759)

Liabilities not subject to Compromise (Pre)
  Secured Debt - Line of credit                              -
  Secured Debt - Other                              (6,728,048)
  Priority Debt                                              -
  Unsecured Debt (Accounts Payable)                (47,026,688)
  Expense Accruals and Other Liabilities            (4,500,252)
  Short Term Liabilities                            (3,554,215)
  Deferred (GAAP) rent/landlord allowances etc        (547,688)
  Deferred Tax (Liability)/Asset                    91,920,506
  Deferred Revenue (Gift cards and Royalties)      (34,805,641)
  Other Reserves and allowances                     (2,694,423)
                                                  ------------
Total Prepetition Liabilities                       (7,936,449)
                                                  ------------
Total Liabilities                                  (26,005,209)

Owner's Equity
  Capital Stock                                       (152,132)
  Additional Paid-In Capital                      (116,716,579)
  Deferred Stock Compensation                                -
    and Stock Repurchase                               180,069
  Retained Earnings - Prepetition                   63,247,322
  Retained Earnings - Postpetition                  35,787,368
                                                  ------------
Net Owner's Equity                                 (17,653,952)
                                                  ------------
Total Liabilities and Owner's Equity              ($43,659,161)
                                                  ============

                      Sharper Image Corp.
                    Statement of Operations
              For Month Ended October 31, 2008

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

Cost of Goods Sold:
  Beginning Inventory                                        -
  Add: Purchases                                             -
  Add: Cost of Labor                                         -
  Add: Other Costs                                       ($897)
  Less: Ending Inventory                                     -
  Cost of Goods Sold                                      (897)
                                                  ------------
  Gross Profit                                             897

Operating Expenses:
  Advertising                                                -
  Auto and Truck Expense                                    90
  Bad Debts                                                  -
  Contributions                                              -
  Employee Benefit Programs                             23,708
  Insider Compensations                                      -
  Insurance                                           (240,383)
  Management Fees/Bonuses                               16,057
  Office Expense                                         1,000
  Pension & Profit-Sharing Plans                             -
  Repairs and Maintenance                                  552
  Rent and Lease Expense                                54,435
  Salaries/Commissions/Fees                            148,907
  Supplies                                              (3,099)
  Taxes- Payroll                                         3,868
  Taxes- Real Estate                                         -
  Taxes- Other                                         144,261
  Travel and Entertainment                                   -
  Utilities                                             35,927
  Other                                                 92,618
                                                  ------------
  Total Operating Expense Before Depr.                 277,942

  Depreciation/Depletion/Amortization                    6,144
                                                  ------------
  Net Profit (Loss)
    Before Other Income & Expenses                   (283,190)

Other Income and Expenses:
  Licensing Income                                           -
  Interest Expense                                     166,407
  Other Expense                                        133,325
                                                  ------------
  Net Profit (Loss)                                     16,543
  Before Reorganization Items

Reorganization Items:
  Professional Fees                                    315,978
  US Trustee Quarterly Fees                             20,000
  Interest Earned on Accm Case                               -
  Gain (Loss) from sale of assets                            -
  Other Reorganization Expense                               -
                                                  ------------
  Total Reorganization Expenses                        335,978
                                                  ------------
  Net Profit (Loss)
     Before Income Taxes (Benefit)                     319,436
  Income Taxes (Benefit)                               817,306
                                                  ------------
  Net Profit (Loss)                                 $1,136,742
                                                  ============

                      Sharper Image Corp.
                    Statement of Cash Flows
               For Month Ended October 31, 2008

Opening Balance                                      $3,640,381

Receipts
  Cash Sales (from stores)                                   -
  Credit Card Settlements                                    -
  Other Settlements                                          -
  Accounts Receivable                                    7,715
  Sale of Assets                                        42,046
  Interest/Dividend Income                              (1,552)
  Tax Refunds Received                                 330,593
  Collections from vendors                             190,861
  Mail Order/License Deposits, Other Deposits          311,007
                                                  ------------
  Total Receipts                                       880,670

Transfers
  Line of Credit Draw/Pay Down                               -
  Transfers from stores to deposit a/c - sweep               -
  Transfers from concentration to refunds                    -
  Transfers from concentration to payroll                    -
  Other Inter-account transfers                              -
  Transfers from Concentration to Disbursement              (2)
                                                  ------------
  Total Transfers                                           (2)
                                                  ------------
  Total Receipts & Transfers                           880,667

Disbursements
  Liquidator Reimbursements                            (27,455)
  Net Payroll                                           39,550
  Payroll Taxes                                         48,209
  401k                                                       -
  Employee Benefits                                      4,304
  Sales, Use & Other Taxes                              23,141
  Inventory Purchases                                        -
  Secured/Rental/Leases                                    249
  Insurance                                            (54,613)
  Administrative                                        39,177
  Selling                                                    -
  Bank/Credit Card Fees/Sales audit adjs                15,227
  Refund checks issued (net of stop payments)                -
  Other                                                215,227
  Customs/Duties/Freight                                     -
  Interest and LC fees                                       -
  Professional Fees                                    158,112
  US Trustee Quarterly Fees                             20,000

  Court Costs                                                -
                                                  ------------
  Total Disbursements                                  481,128
                                                  ------------
Net Cash Flow                                         $399,540
                                                  ============

                    About Sharper Image Corp.

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

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

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

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

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

(Sharper Image Bankruptcy News, Issue No. 25; 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.  Ronald C. Sy, Joel Anthony G. Lopez, Cecil R. Villacampa,
Luke Caballos, Sheryl Joy P. Olano, Carlo Fernandez, Christopher
G. Patalinghug, and Peter A. Chapman, Editors.

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

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

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

                    *** End of Transmission ***