TCR_Public/090103.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, January 3, 2009, Vol. 13, No. 2

                            Headlines



ASARCO LLC: Files Monthly Operating Report -- November 30, 2008
ATHEROGENICS: Posts $1,548,341 Net Loss From Oct. 15 to Oct. 31
ATHEROGENICS INC: Posts $1,243,674 Net Loss in November 2008
CADENCE INNOVATION: Monthly Operating Report -- November 30, 2008
FRONTIER AIRLINES: Files Monthly Operating Report -- Nov. 30, 2008

INTERMET CORP: Files Monthly Operating Report for November 2008
JEVIC TRANSPORTATION: Posts $296,469 Net Loss in September 2008
MICROISLET INC: Posts $369,151 Net Loss in November 2008
NEWPOWER HOLDINGS: Files Operating Report for November 2008
QUEBECOR WORLD: Files Monthly Operating Report -- Nov. 29, 2008

SEA CONTAINERS: Debtors' Monthly Operating Report -- Oct. 31, 2008
WELLMAN INC: Monthly Operating Report -- Ended October 31, 2008
WELLMAN INC: Monthly Operating Report -- Ended November 30, 2008



                            *********

ASARCO LLC: Files Monthly Operating Report -- November 30, 2008
---------------------------------------------------------------

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

ASSETS
  Current Assets:
  Cash                                           $1,319,763,000
  Restricted Cash                                    25,091,000
  Accounts receivable, net                          129,709,000
  Inventory                                         226,458,000
  Prepaid expenses                                    3,378,000
  Other current assets                               17,361,000
                                                ---------------
Total Current Assets                              1,721,759,000

Net property, plant and equipment                   507,288,000

Other Assets:
  Investments in subs                                82,374,000
  Advances to affiliates                                763,000
  Prepaid pension & retirement plan                           -
  Non-current deferred tax asset                              -
  Other                                              43,801,000
                                                ---------------
Total assets                                     $2,355,984,000
                                                ===============

LIABILITIES
  Postpetition liabilities:                          66,704,000
  Accrued liabilities                               708,024,000
                                                ---------------
Total postpetition liabilities                      774,728,000

Prepetition liabilities:
Not subject to compromise - credit                    2,927,000
Not subject to compromise - other                   107,733,000
Advances from affiliates                             24,714,000
Subject to compromise                             3,168,703,000
                                                ---------------
Total prepetition liabilities                     3,304,078,000
                                                ---------------
Total liabilities                                 4,078,807,000
                                                ===============

OWNERS' EQUITY (DEFICIT)
Common stock                                        508,324,000
Additional paid-in capital                          104,578,000
Other comprehensive loss                           (234,516,000)
Retained earnings: post filing date              (3,251,247,000)
                                                ---------------
Total prepetition owners' equity                 (2,872,861,000)
Retained earnings: post-filing date               1,150,038,000
                                                ---------------
Total owners' equity (net worth)                 (1,722,822,000)

Total liabilities and owners' equity             $2,355,984,000
                                                ===============

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

Sales                                               $67,523,000
Cost of products and services                        81,117,000
                                                ---------------
Gross profit [loss]                                 (13,595,000)

Operating expenses:
Selling and general & admin. expenses                 2,300,000
Depreciation & amortization                           3,513,000
Accretion expense                                        94,000
                                                ---------------
Operating income [loss]                             (19,502,000)

Interest expense                                        114,000
Interest income                                        (928,000)
Reorganization expenses                               4,510,000
Other miscellaneous (income) expenses                (5,629,000)
                                                ---------------
Income (loss) before taxes                          (17,569,000)
Income taxes                                         (7,903,000)
                                                ---------------
Net income [loss]                                   ($9,666,000)
                                                ===============

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

Receipts
Disbursements:
Inventory material                                  $16,310,000
Operating disbursements                              36,321,000
Capital expenditures                                  8,214,000
                                                ---------------
Total disbursements                                  60,846,000

Operating cash flow                                  48,348,000
Reorganization disbursements                          5,284,000
                                                ---------------
Net cash flow                                        43,064,000
Net payments to secured Lenders                               0
                                                ---------------
Net change in cash                                   43,064,000
Beginning cash balance                            1,301,789,000
                                                ---------------
Ending cash balances                             $1,344,854,000
                                                ===============

                        About ASARCO LLC

Based in Tucson, Arizona, ASARCO LLC -- http://www.asarco.com/--
is an integrated copper mining, smelting and refining company.
Grupo Mexico S.A. de C.V. is ASARCO's ultimate parent.  The
Company filed for Chapter 11 protection on Aug. 9, 2005 (Bankr.
S.D. Tex. Case No. 05-21207).  James R. Prince, Esq., Jack L.
Kinzie, Esq., and Eric A. Soderlund, Esq., at Baker Botts L.L.P.,
and Nathaniel Peter Holzer, Esq., Shelby A. Jordan, Esq., and
Harlin C. Womble, Esq., at Jordan, Hyden, Womble & Culbreth, P.C.,
represent the Debtor in its restructuring efforts.  Lehman
Brothers Inc. provides the ASARCO with financial advisory services
And investment banking services.  Paul M. Singer, Esq., James C.
McCarroll, Esq., and Derek J. Baker, Esq., at Reed Smith LLP give
legal advice to the Official Committee of Unsecured Creditors and
David J. Beckman at FTI Consulting, Inc., gives financial advisory
services to the Committee.  When the Debtor filed for protection
from its creditors, it listed US$600 million in total assets and
US$1 billion in total debts.

The Debtor has five affiliates that filed for chapter 11
protection on April 11, 2005 (Bankr. S.D. Tex. Case Nos. 05-20521
through 05-20525).  They are Lac d'Amiante Du Quebec Ltee, CAPCO
Pipe Company, Inc., Cement Asbestos Products Company, Lake
Asbestos of Quebec, Ltd., and LAQ Canada, Ltd.  Stutzman,
Bromberg, Esserman & Plifka, APC, represents the Official
Committee of Unsecured Creditors for the Asbestos Debtors.
Former judge Robert C. Pate was appointed as the future claims
representative.  Details about their asbestos-driven Chapter 11
filings have appeared in the Troubled Company Reporter since
April 18, 2005.

Encycle/Texas, Inc. (Bankr. S.D. Tex. Case No. 05-21304), Encycle,
Inc., and ASARCO Consulting, Inc. (Bankr. S.D. Tex. Case No. 05-
21346) also filed for chapter 11 protection, and ASARCO has asked
that the three subsidiary cases be jointly administered with its
chapter 11 case.  On Oct. 24, 2005, Encycle/Texas' case was
converted to a Chapter 7 liquidation proceeding.  The Court
appointed Michael Boudloche as Encycle/Texas, Inc.'s Chapter 7
Trustee.  Michael B. Schmidt, Esq., and John Vardeman, Esq., at
Law Offices of Michael B. Schmidt represent the Chapter 7 Trustee.

ASARCO's affiliates, AR Sacaton LLC, Southern Peru Holdings LLC,
and ASARCO Exploration Company Inc., filed for Chapter 11
protection on Dec. 12, 2006.  (Bankr. S.D. Tex. Case No. 06-20774
to 06-20776).

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

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

(ASARCO Bankruptcy News, Issue No. 94; Bankruptcy Creditors'
Service, Inc., <http://bankrupt.com/newsstand/>or 215/945-7000).


ATHEROGENICS: Posts $1,548,341 Net Loss From Oct. 15 to Oct. 31
---------------------------------------------------------------
AtheroGenics, Inc., filed with the U.S. Bankruptcy Court for the
Northern District of Georgia on Nov. 20, 2008, its monthly
operating report for the period from Oct. 15, 2008, to Oct. 31,
2008.

The company reported a net loss of $1,548,341 for the period from
Oct. 15, 2008, to Oct. 31, 2008.  The company generated zero
revenues for the period.

At Oct. 31, 2008, the company had $54,381,912 in total assets,
$765,633 in total current liabilities not subject to compromise,
$306,337,734 in prepetition liabilities, and $252,721,455 in
stockholders' deficit.

A full-text copy of the company's monthly operating report for the
period from Oct. 15, 2008, to Oct. 31, 2008, is available for free
at http://researcharchives.com/t/s?3715

Based in Alpharetta, Georgia, AtheroGenics, Inc. --
http://www.atherogenics.com/-- is a research-based
pharmaceutical company focused on the discovery, development and
commercialization of drugs for the treatment of chronic
inflammatory diseases, including diabetes and coronary heart
disease.  It has one late stage clinical drug development
program.

On Sept. 15, 2008, five creditors holding claims totalling
$20,413,000 pursuant to the company's 4.5% Convertible Notes Due
2008 filed an involuntary Chapter 7 petition against the Debtor
(Bankr. N.D. Georgia Case No. 08-78200).  The petitioning
noteholders were:

-- AQR Absolute Return Master Account, L.P.;
-- CNH CA Master Account, L.P.;
-- Tamalpais Global Partner Master Fund, LTD;
-- Tang Capital Partners, LP; and
-- Zazove High Yield Convertible Securities Fund, L.P.

On Oct. 6, the Debtor filed its consent to entry for order for
relief and motion to convert its Chapter 7 case to one under
Chapter 11 (Bankr. N.D. Ga. Case No. 08-78200).

AtheroGenics currently contemplates that its non-cash assets will
be sold in the Chapter 11 proceeding, either through a motion
under Section 363 of the Bankruptcy Code or through confirmation
of a plan pursuant to Section 1129 of the Bankruptcy Code, and
that the then-remaining cash assets together with the net proceeds
generated through the sale of the non-cash assets will be
distributed to its stakeholders, including its creditors.  Due to
the constraints imposed on AtheroGenics by the Chapter 11
Proceeding, AtheroGenics does not anticipate pursuing any clinical
trials or other development activities relating to AGI-1067 or its
other products during the course of the Chapter 11 Proceeding.

The company reported a $29,789,408 net loss for the three months
ended Sept. 30, 2008, on $0 in total revenues.  As of Sept. 30,
2008, AtheroGenics had roughly $302.4 million of 2008 Notes, 4.5%
Convertible Notes due 2011 and 1.5% Convertible Notes due
outstanding and cash and cash equivalents of $52.7 million.  Under
the priority scheme established by the Bankruptcy Code, as a
general rule, AtheroGenics' creditors will be entitled to receive
any proceeds generated through the sale of AtheroGenics' non-cash
assets before shareholders are entitled to receive any proceeds.
The ultimate recovery by creditors and shareholders, if any, will
not be determined until confirmation and implementation of a plan
of liquidation.  No assurance can be given as to what recoveries,
if any, will be assigned in the Chapter 11 Proceeding to each of
these constituencies.  A plan of liquidation could result in
AtheroGenics' shareholders receiving no value for their interests
and holders of unsecured debt, including trade debt, receiving
less, and potentially substantially less, than payment in full for
their claims. Because of such possibilities, the value of the
common stock and unsecured debt is highly speculative.
Accordingly, AtheroGenics urges that appropriate caution be
exercised with respect to existing and future investments in any
of these securities.


ATHEROGENICS INC: Posts $1,243,674 Net Loss in November 2008
------------------------------------------------------------
AtheroGenics, Inc., filed with the U.S. Bankruptcy Court for the
Northern District of Georgia on Dec. 18, 2008, its monthly
operating report for the month ended Nov. 30, 2008.

The company reported a net loss of $1,243,674 for the month ended
Nov. 30, 2008.  The company generated zero revenues for the
period.

At Oct. 31, 2008, the company had $53,153,567 in total assets,
$452,075 in total current liabilities not subject to compromise,
$306,666,622 in prepetition liabilities, and $253,965,130 in
stockholders' deficit.

A full-text copy of the company's monthly operating report for the
month ended Nov. 30, 2008, is available for free at:

               http://researcharchives.com/t/s?3716

Based in Alpharetta, Georgia, AtheroGenics, Inc. --
http://www.atherogenics.com/-- is a research-based
pharmaceutical company focused on the discovery, development and
commercialization of drugs for the treatment of chronic
inflammatory diseases, including diabetes and coronary heart
disease.  It has one late stage clinical drug development
program.

On Sept. 15, 2008, five creditors holding claims totalling
$20,413,000 pursuant to the company's 4.5% Convertible Notes Due
2008 filed an involuntary Chapter 7 petition against the Debtor
(Bankr. N.D. Georgia Case No. 08-78200).  The petitioning
noteholders were:

-- AQR Absolute Return Master Account, L.P.;
-- CNH CA Master Account, L.P.;
-- Tamalpais Global Partner Master Fund, LTD;
-- Tang Capital Partners, LP; and
-- Zazove High Yield Convertible Securities Fund, L.P.

On Oct. 6, the Debtor filed its consent to entry for order for
relief and motion to convert its Chapter 7 case to one under
Chapter 11 (Bankr. N.D. Ga. Case No. 08-78200).

AtheroGenics currently contemplates that its non-cash assets will
be sold in the Chapter 11 proceeding, either through a motion
under Section 363 of the Bankruptcy Code or through confirmation
of a plan pursuant to Section 1129 of the Bankruptcy Code, and
that the then-remaining cash assets together with the net proceeds
generated through the sale of the non-cash assets will be
distributed to its stakeholders, including its creditors.  Due to
the constraints imposed on AtheroGenics by the Chapter 11
Proceeding, AtheroGenics does not anticipate pursuing any clinical
trials or other development activities relating to AGI-1067 or its
other products during the course of the Chapter 11 Proceeding.

The company reported a $29,789,408 net loss for the three months
ended Sept. 30, 2008, on $0 in total revenues.  As of Sept. 30,
2008, AtheroGenics had roughly $302.4 million of 2008 Notes, 4.5%
Convertible Notes due 2011 and 1.5% Convertible Notes due
outstanding and cash and cash equivalents of $52.7 million.  Under
the priority scheme established by the Bankruptcy Code, as a
general rule, AtheroGenics' creditors will be entitled to receive
any proceeds generated through the sale of AtheroGenics' non-cash
assets before shareholders are entitled to receive any proceeds.
The ultimate recovery by creditors and shareholders, if any, will
not be determined until confirmation and implementation of a plan
of liquidation.  No assurance can be given as to what recoveries,
if any, will be assigned in the Chapter 11 Proceeding to each of
these constituencies.  A plan of liquidation could result in
AtheroGenics' shareholders receiving no value for their interests
and holders of unsecured debt, including trade debt, receiving
less, and potentially substantially less, than payment in full for
their claims. Because of such possibilities, the value of the
common stock and unsecured debt is highly speculative.
Accordingly, AtheroGenics urges that appropriate caution be
exercised with respect to existing and future investments in any
of these securities.


CADENCE INNOVATION: Monthly Operating Report -- November 30, 2008
-----------------------------------------------------------------

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

ASSETS:
  Cash                                                  $677
  Accounts Receivable, Net                            24,263
  Manufacturing Inventories, Net                      13,627
  Tooling Inventories, Net                             5,260
  I/C Receivable/Payable                             (52,997)
  Prepaid Expenses and other current assets            2,681
  Professional Retainers                               1,440
  Assets held for Sale                                 3,700
                                                ------------
     Total current assets                            ($1,349)
                                                ------------

  Property, Plant & Equipment
     Capital Leases                                    1,809
     Land                                             10,121
     Building and Improvements                        26,499
     Machinery & Equipment                            61,699
     Office & Transportation Equipment                 4,239
     Construction-in-Progress                          2,680
                                                ------------
     Total Property, Plant and Equipment             107,047
     Accumulated Depreciation                        (21,625)
                                                ------------
     Net Property, Plant and Equipment                85,421
                                                ------------

  Loans to Insiders                                        -
  Intangible Assets, Net                                 490
  Other Non-current Assets                             3,587
                                                ------------
TOTAL ASSETS                                          88,149
                                                ============

LIABILITIES:
  Postpetition Liabilities:                                -
   Accounts Payable                                  (11,353)
   Accrued Accounts Payable                           15,213
   Accrued Wages                                       1,249
   Accrued Taxes-Payroll                                 407
   Accrued Fringe Benefits                             3,619
   Accrued Taxes-Property                                  4
   Accrued Severance                                       -
   Amounts due to Insiders                                 -
                                                ------------
   Total Postpetition Liabilities                      9,139

  Prepetition Liabilities:
   Secured Debt                                       11,659
   Priority Debt                                           -
   Unsecured Debt                                    109,854
                                                ------------
   Total Prepetition Liabilities                     121,513
                                                ------------

EQUITY:
  Owners Capital                                     302,123
  Retained Earnings - Prepetition                   (340,500)
  Retained Earnings - Postpetition                    (4,126)
                                                ------------
TOTAL LIABILITIES AND EQUITY                         $88,149
                                                ============

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


Total Revenue/Sales                                  $23,515
Cost of Sales                                         19,394
                                                ------------
   Gross Profit                                        4,121

Expenses:
  Advertising                                              -
  Auto and Truck Expense                                   -
  Bad Debts                                                -
  Contributions                                            -
  Employee Benefit Programs                            1,269
  Insider Compensation                                   115
  Insurance                                               71
  Management Bonuses                                       -
  Office Expenses                                          -
  Pension and Profit Sharing Plans                         -
  Professional Fees - Non Bankruptcy                     198
  Repairs and Maintenance                                 49
  Rent and Lease Expense                                 556
  Salaries/Commissions/Fees                            1,044
  Supplies, Office Expense, etc                           15
  Taxes-Payroll                                          228
  Taxes-Real Estate                                      217
  Taxes-Other                                              -
  Travel and Entertainment                                31
  Utilities                                              141
  Other                                                 (388)
                                                ------------
   Total Expenses                                      3,546
   Depreciation                                          834
                                                ------------
Net Profit (Loss)                                       (258)

Other Income                                               -
Interest Expense                                         525
Gain/Loss from discontinued operations                    20
Intercompany transfers                                     -
                                                ------------
Net Profit (Loss) before reorganization items           (804)

Reorganization items                                       -
Professional Items                                     2,198
Trustee Fees                                              10
Interest earned on accumulated cash                        -
                                                ------------

Total Reorganization Expenses                              -
Income Taxes                                           2,208
                                                ------------
NET INCOME (LOSS)                                    ($3,012)
                                                ============

                  Cadence Innovation LLC
         Schedule of Cash Receipts and Disbursements
             For the month ended November 30, 2008

Cash - Beginning of Month                             $1,661

Receipts:
  Cash Sales                                               -
  Accounts Receivable                                 23,676
     Loans and Advances                               (1,474)
  Sale of Assets                                           -
     Other                                                 -
                                                ------------
     Total Receipts                                   22,202
                                                ------------

Disbursements:
  Net Payroll                                          3,314
  Contract Labor                                         966
  Payroll Taxes                                        1,300
     Sales, Use and other Taxes                            -
   Inventory Purchases                                13,695
  Capital Expenditures - Machinery & Equipment            69
  Employee Expenses                                       55
  Insurance                                               31
  Rent and Leases                                        612
  Purchased Services                                     772
  Utilities                                              783
  Tooling                                                685
  Other                                                   50
  Operating and Maintenance Supplies                     352
  Owner Draw                                               -
  Legal and Professional Fees                            124
  Bank Charges                                           360
  Board of Director fees                                   -
  U.S. Trustee quarterly fees                              -
  Court costs                                             18
                                                ------------
     Total Disbursements                              23,186
                                                ------------
Net Cash Flow                                           (984)
                                                ------------
Cash - End of Month                                     $677
                                                ============

            New Venture Real Estate Holdings LLC
                   Unaudited Balance Sheet
                   As of November 30, 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; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


FRONTIER AIRLINES: Files Monthly Operating Report -- Nov. 30, 2008
------------------------------------------------------------------
Frontier Airlines Holdings, Inc., filed its monthly operating
report for November 2008.  Frontier reported a consolidated net
profit of $2.9 million and an operating profit of $2.5 million for
the month.  Included in Frontier's operating profit were non-cash
mark-to-market losses on fuel hedge contracts of $2.0 million.

Frontier's November results also included:

* A loss of $2.4 million in cash settlements from fuel
   hedging contracts.

* A book gain of $4.0 million on the sale of two A319
   aircraft sold in the month included in reorganizational
   items, offset by other reorganizational expenses of
   $1.2 million.

Frontier's cash position increased to $53.4 million for
November 2008.  The Company realized net proceeds of
$15.9 million from the sale of two aircraft which was offset by a
$9.7 million net increase in holdbacks from the Company's credit
card processors and $1.8 million of additional net deposits in
collateral posted to fuel hedge counterparties.

November's cash balance does not include the proceeds from two
aircraft sales that Frontier completed in December 2008.  "We are
now seeing the changes we have made in our Company over the last
year start to pay dividends," said Frontier President and CEO Sean
Menke.  "We are successfully controlling our costs, increasing
revenue and managing our cash.  We feel very comfortable with our
restructuring efforts moving ahead and look forward to more
positive results in the future."

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

FrontierAirlines.com/frontier/who-we-are/investorrelations/annual-
reports-sec-filings.do

            FRONTIER AIRLINES HOLDINGS, INC., ET AL.
       Unaudited Condensed Consolidated Balance Sheet
                  As of November 30, 2008

                             ASSETS

CURRENT ASSETS:
Cash and cash equivalents                          $53,414,000
Short-term investments                               3,740,000
Restricted investments                             126,644,000
Receivables, net of an allowance for
   doubtful accounts                                 39,694,000
Prepaid expenses and other assets                   22,886,000
Inventories, net of allowance                       13,253,000
Assets held for sale                                   743,000
                                                 --------------
Total current assets                                260,374,000

Property and other equipment, net                   665,904,000
Security and other deposits                          42,254,000
Aircraft pre-delivery payments                        3,497,000
Restricted investments                                2,987,000
Deferred loan expenses and other assets               6,059,000
                                                 --------------
Total Assets                                       $981,075,000
                                                 ==============

            LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities not subject to compromise:

CURRENT LIABILITIES:
Accounts payable                                   $42,691,000
Air traffic liability                              167,047,000
Other accrued expenses                              61,798,000
Income tax payable                                   1,038,000
Deferred revenue & other current liabilities        29,732,000
PDP financing                                                0
DIP financing                                       30,000,000
                                                 --------------
Total current liabilities not subject
to compromise                                      332,306,000

Other long-term debt -- postpetition                  3,000,000
Deferred revenue and other liabilities               21,355,000
                                                 --------------
Total liabilities not subject to compromise         356,661,000

Liabilities subject to compromise                   576,383,000
                                                 --------------
Total Liabilities                                   933,044,000

STOCKHOLDERS' EQUITY
Preferred stock                                              -
Common stock                                            37,000
Additional paid-in capital                         196,594,000
Unearned ESOP shares                                   (69,000)
Other comprehensive loss                                     -
Accumulated deficit                               (148,531,000)
                                                 --------------
Total Stockholders' Equity                           48,031,000
                                                 --------------
Total Liabilities and Stockholders' Equity         $981,075,000
                                                 ==============

          FRONTIER AIRLINES HOLDINGS, INC., ET AL
   Unaudited Condensed Consolidated Statement of Operations
                  Month Ended November 30, 2008

Revenues:
Passenger                                          $87,873,000
Cargo                                                  548,000
Other                                                5,978,000
                                                 --------------
Total revenues                                       94,399,000

Operating expenses:
Flight operations                                   12,196,000
Aircraft fuel                                       34,667,000
Aircraft lease                                       9,627,000
Aircraft and traffic servicing                      14,075,000
Maintenance                                          7,324,000
Promotion and sales                                  6,708,000
General and administrative                           4,057,000
Operating expenses -- regional partner                       -
Loss (gain) on sales of assets, net                    (18,000)
Employee separation and other charges                        -
Depreciation                                         3,256,000
                                                 --------------
Total operating expenses                             91,892,000
                                                 --------------
Operating loss                                        2,507,000

Non-operating income (expense):
Interest income                                        300,000
Interest expense                                    (2,756,000)
Loss from early extinguishment of debt                (124,000)
Other, net                                            (124,000)
                                                 --------------
Total non-operating expense, net                     (2,704,000)

Loss before reorganization items & income tax          (197,000)
Losses on reorganization items                      (2,775,000)
Income tax benefit                                    (337,000)
                                                 --------------
Net Income (Loss)                                    $2,915,000
                                                 ==============

             FRONTIER AIRLINES HOLDINGS, INC., ET AL.
    Unaudited Condensed Consolidated Statement of Cash Flow
               Month Ended November 30, 2008

Cash flows from operating activities:
Net Loss                                            $2,915,000

Adjustments to reconcile net loss to net cash
used in operating activities:
   ESOP and stock option compensation expense           157,000
   Depreciation and amortization                      3,603,000
   Assets beyond economic repair                        141,000
   Mark to market losses on derivative contracts      4,366,000
   Proceeds received for settled
     derivative contracts                            (2,404,000)
   Loss (Gain) on disposal of equipment
     and other assets, net                              (18,000)
   Loss on early extinguishment of debt                 124,000
   Unrealized loss on short-term investments                  -
Changes in operating assets and liabilities:
   Restricted investments                            (9,735,000)
   Receivables                                        5,271,000
   Security and other deposits                       (1,718,000)
   Prepaid expenses and other assets                  2,666,000
   Inventories                                        4,175,000
   Other assets                                               -
   Accounts payable                                    (941,000)
   Air traffic liability                            (18,301,000)
   Other accrued expenses                            (3,295,000)
   Deferred revenue and other liabilities             1,301,000
   Reorganization items                              (2,775,000)
                                                 --------------
Net cash used in operating activities               (14,468,000)

Cash flows from reorganization activities
Net cash provided by reorganization activities         262,000
                                                 --------------
Total net cash used in operating activities         (14,206,000)

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                    61,000
Capital expenditures                                (1,424,000)
Proceeds from the sale of aircraft --
   reorganization activity                           55,000,000
                                                 --------------
Net cash provided by investing activities            53,637,000

Cash flows from financing activities:
Proceeds from DIP financing (postpetition)                   -
Extinguishment of long-term borrowings                       -
Principal payments on long-term borrowings          (1,727,000)
Extinguishment of long-term borrowings --
   reorganization activity                          (36,381,000)
Principal payments on short-term borrowing                   -
Payment of financing fees                                    -
                                                 --------------
Net cash used in financing activities               (38,108,000)

Increase in cash and cash equivalents                 1,323,000
Cash and cash equivalents at beginning of period     52,091,000
                                                 --------------
Cash and cash equivalents at end of period          $53,414,000
                                                 ==============

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


INTERMET CORP: Files Monthly Operating Report for November 2008
---------------------------------------------------------------
Intermet Corp. and its debtor-affiliates filed with the U.S.
Bankruptcy Court for the District of Delaware on Dec. 23, 2008,
their monthly operating report for the month ended Nov. 30, 2008.

At Nov. 30, 2008, Intermet had total assets of $665,440,341, total
liabilities of $289,250,870, and total shareholders' equity of
$376,189,471.

A full-text copy of Intermet and its debtor-affiliates' monthly
operating report for the month ended Nov. 30, 2008, is available
for free at:

http://bankrupt.com/misc/IntermetCorp.NovemberOperatingReport.pdf

                        About Intermet Corp.

Based in Fort Worth, Texas, Intermet Corp. designs and
manufactures machine precision iron and aluminum castings for the
automotive and industrial markets.  The company and its debtor-
affiliates filed for chapter 11 protection on Aug. 12, 2008
(D. Del. Case Nos. 08-11859 to 08-11866 and 08-11868 to 08-11878).
Dennis F. Dunne, Esq., Matthew S. Barr, Esq., and Michael E.
Comerford, Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New
York, serve as the Debtors' counsel.  James E. O'Neill, Esq.,
Laura Davis Jones, Esq. and Timothy P. Cairns, Esq., at Pachulski
Stang Ziehl & Jones LLP, in Wilmington, Delaware, serve as the
Debtors' co-counsel.  Kurtzman Carson Consultants LLC serves as
the Debtors' claims, notice and balloting agent.  An Official
Committee of Unsecured Creditors has been formed in this case.

When the Debtors filed for protection from their creditors, they
listed assets of between $50 million and $100 million and debts of
between $100 million and $500 million.

This is the Debtors' second bankruptcy filing.  Intermet Corp.,
along with its debtor-affiliates, filed for Chapter 11 protection
on Sept. 29, 2004 (Bankr. E.D. Mich. Case Nos. 04-67597 through
04-67614).  Salvatore A. Barbatano, Esq., at Foley & Lardner LLP,
represents the Debtors.  In their previous bankruptcy filing, they
listed $735,821,000 in total assets and $592,816,000 in total
debts.  Intermet Corporation emerged from this first bankruptcy
filing in November 2005.


JEVIC TRANSPORTATION: Posts $296,469 Net Loss in September 2008
---------------------------------------------------------------
Jevic Transportation, Inc., filed with the U.S. Bankruptcy Court
for the District of Delaware on Nov. 20, 2008, its monthly
operating report for the month ended Sept. 30, 2008.

The company reported a net loss of $296,469 on $0 revenues for the
month of September 2008.

At Sept. 30, 2008, the company had total assets of $28,934,350,
total liabilities of $36,188,467, and stockholders' deficit of
$7,254,117.

A full-text copy of the company's monthly operating report for the
month ended Sept. 30, 2008, is available for free at:

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

Based in Delanco, New Jersey, Jevic Transportation Inc. --
http://www.jevic.com/-- provides trucking services.  The company
has two units: Jevic Holding Corp. and Creek Road Properties.
Neither of the units have assets nor operations.  The company and
its affiliates filed for chapter 11 protection on May 20, 2008
(Bankr. D. Del. Case No. 08-11008).  Domenic E. Pacitti, Esq., and
Michael W. Yurkewicz, Esq., at Klehr Harrison Harvey Branzburg &
Ellers, in Wilmington, Delaware, represent Jevic Transportation.
The U.S. Trustee for Region 3 has appointed five creditors to
serve on an Official Committee of Unsecured Creditors.  Robert J.
Feinstein, Esq., Bruce Grohsgal, Esq., and Maria A. Bove, Esq., at
Pachulski Stang Ziehl & Jones LLP, in Wilmington, Delaware,
represent the Official Committee of Unsecured Creditors.

Before filing for bankruptcy, the Debtors initiated an orderly
wind-down process.  As a part of the wind-down process, the
Debtors have ceased substantially all of their business and
terminated approximately 90% of their employees. The Debtors
continue to manage the wind-down process in attempt to deliver all
of the freight that is in their system and to retrieve their
assets.

When the Debtors filed for protection against their creditors,
they listed assets and debts between $50 million and $100 million.


MICROISLET INC: Posts $369,151 Net Loss in November 2008
--------------------------------------------------------
Microislet, Inc., filed with the U.S. Bankruptcy Court for the
Southern District of California on Dec. 23, 2008, its monthly
operating report for the month ended Nov. 30, 2008.

The company posted a net loss of $369,151 on net sales of $186 for
the month ended Nov. 30, 2008.

At Nov. 30, 2008, the company had total assets of $541,951, total
liabilities of $13,826,338, and a stockholders' deficit of
$13,284,387.

A full-text copy of the company's monthly operating report for the
month ended Nov. 30, 2008, is available for free at:

               http://researcharchives.com/t/s?3713

Based in San Diego, Microislet, Inc. -- http://microislet.com/--
operates a biotechnology company engaged in the research,
development and commercialization of patented technologies in the
field of transplantation therapy for patients with diabetes.  The
company filed for Chapter 11 relief on Nov. 10, 2008 (Bankr. S.D.
Calif. Case No. 08-11388).  Victor A. Vilaplana, Esq., at Foley &
Lardner LLP, represents the Debtor as counsel.  The company did
not state in its petition the amounts of its estimated assets and
debts.


NEWPOWER HOLDINGS: Files Operating Report for November 2008
-----------------------------------------------------------
NewPower Holdings, Inc., filed with the U.S. Bankruptcy Court for
the Northern District of Georgia on Dec. 22, 2008, its monthly
operating report for November 2008.  The Debtor had an opening
cash balance of $962 and an ending cash balance of $877.

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

               http://researcharchives.com/t/s?3714

NewPower Holdings Inc. (Pink Sheets: NWPWQ) and its debtor-
affiliates filed for chapter 11 protection on June 11, 2002
(Bankr. N.D. Ga. 02-10836).  Paul K. Ferdinands, Esq., at King &
Spalding, and William M. Goldman, Esq., at Sidley Austin Brown &
Wood LLP, represent the Debtors as counsel.  When the Debtors
filed for protection from their creditors, they reported
$231,837,000 in assets and $87,936,000 in debts.

On Aug. 15, 2003, the U.S. Bankruptcy Court for the Northern
District of Georgia, Newnan Division, confirmed the Second Amended
Chapter 11 Plan with respect to NewPower Holdings, Inc., and TNPC
Holdings, Inc., a wholly owned subsidiary.  That Plan became
effective on Oct. 9, 2003, with respect to the company and TNPC.

On Feb. 28, 2003, the Bankruptcy Court confirmed The New
Power Company's Plan, and that Plan has been effective as of
March 11, 2003, with respect to New Power.  The New Power Company
is a wholly owned subsidiary of the company.


QUEBECOR WORLD: Files Monthly Operating Report -- Nov. 29, 2008
---------------------------------------------------------------

             Quebecor World (USA), Inc., et al.
                   Combined Balance Sheet
                   As of November 29, 2008

ASSETS

Current Assets:
  Cash and Cash equivalents                       $167,800,000
     Accounts receivables                          564,500,000
  Trade and receivables                             52,000,000
  Inventories                                      165,800,000
  Future income taxes and tax receivable            17,000,000
  Prepaid Expenses                                  27,600,000
                                                 -------------
Total current expenses                             994,700,000
                                                 -------------
Property, plant and equipment                    1,131,500,000
Goodwill                                           336,400,000
Restricted cash                                     32,300,000
Future income taxes                                  2,600,000
Other assets                                       344,000,000
                                                --------------
TOTAL ASSETS                                    $2,841,500,000
                                                ==============

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities not subject to compromise:
  Bank indebtedness                                $13,200,000
  Trade payables and accrued liabilities           279,100,000
  Payables to related parties                        3,100,000
  Income and other taxes payable                    19,300,000
  Current portion long-term debt                   491,800,000
  Combined Statement of Operations               2,921,200,000
                                                 -------------
Total current liabilities                        3,727,700,000
                                                 -------------
Other liabilities not subject to compromise:
  Long-term debt                                     7,400,000
  Other liabilities                                163,700,000
  Future income taxes                               89,700,000

Shareholders' equity:
Capital stock                                    1,031,300,000
Contributed surplus                                470,000,000
Retained earnings                               (2,648,000,000)
Accumulated other comprehensive loss                  (300,000)
                                                 -------------
Total Equity                                    (1,147,000,000)
                                                --------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY      $2,841,500,000
                                                ==============

             Quebecor World (USA), Inc., et al.
              Combined Statement of Operations
            For the month ended November 29, 2008

OPERATING REVENUES                                $249,400,000

Operating expenses:
Cost of sales                                      207,400,000
Selling, general and administrative                 14,300,000
Depreciation and amortization                       13,900,000
                                                  ------------
Total operating expenses                           235,600,000
                                                  ------------
Operating income                                    13,800,000
                                                  ------------
Financial expenses                                  29,000,000
Reorganization items                                 3,900,000
Income taxes                                        (4,000,000)
                                                  ------------
                                                    28,900,000
                                                  ------------
Net loss and comprehensive loss                   ($15,100,000)
                                                  ============

             Quebecor World (USA), Inc., et al.
              Combined Statement of Cash Flows
             For Month Ended November 29, 2008

Cash flows from operating activities:
Net loss                                          ($15,100,000)
Adjustments for:
Depreciation of property, plant and equipment       13,900,000
Future income taxes                                 (4,300,000)
Amortization of other assets                         1,000,000
Other                                                  400,000
                                                  ------------
                                                    (4,100,000)
                                                  ------------
Net changes in non-cash balances to operations:
Accounts receivable                                (11,500,000)
Inventories                                          6,700,000
Trade payables and accrued liabilities               8,900,000
Other current assets and liabilities                 2,900,000
Other non-current assets and liabilities            (6,300,000)
                                                  ------------
                                                       700,000
                                                  ------------
Cash flows provided by (used in) operating
activities                                          (3,400,000)
                                                  ------------
Cash flows from financing activities:
Net change in bank indebtedness                     (1,600,000)
Repayment of long-term debt obligations und          6,700,000
                                                  ------------
Cash flows provided by (used in) operating
activities                                           5,100,000

Cash flows from investing activities:
Additions to property, plant and equipment          (5,400,000)
Restricted cash related to insolvency
proceedings                                                  0
                                                  ------------
Cash flows provided by (used in) operating
activities                                          (5,400,000)
                                                  ------------
Net changes in cash and cash equivalents            (3,700,000)
Cash and cash equivalents, beginning of per        171,500,000
                                                  ------------
Cash and cash equivalents, end of period          $167,800,000
                                                  ============

                     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.

(Quebecor World Bankruptcy News, Issue No. 33; Bankruptcy
Creditors' Service Inc.,
<http://bankrupt.com/newsstand/>http://bankrupt.com/newsstand/or
215/945-7000)


SEA CONTAINERS: Debtors' Monthly Operating Report -- Oct. 31, 2008
------------------------------------------------------------------

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

                            Assets

Current Assets
  Cash and cash equivalents                         $24,819,914
  Trade receivables, less allowances
     for doubtful accounts of $1.379MM                  553,178
  Due from related parties                              375,107
  Prepaid expenses and other current assets             414,387
                                                   ------------
     Total current assets                            26,162,586

Fixed assets, net                                             -

Long-term equipment sales receivable, net                     -
Investment in group companies                        90,929,514
Intercompany receivables                                      -
Investment in equity ownership interests            234,887,288
Other assets                                          2,413,128
                                                   ------------
Total assets                                       $354,392,516
                                                   ============

             Liabilities and Shareholders' Equity

Current Liabilities
  Accounts payable                                  $11,787,114
  Accrued expenses                                   98,952,942
  Current portion of long-term debt                 165,274,743
  Current portion of senior notes                   385,718,405
                                                   ------------
     Total current liabilities                      661,733,204

Total shareholders' equity                         (307,340,688)
                                                   ------------
Total liabilities and shareholders' equity         $354,392,516
                                                   ============

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

Revenue                                                $865,967

Costs and expenses:
  Operating income                                            -
  Selling, general and admin. expenses                 (760,011)
  Professional fees                                  (4,791,980)
  (Charges)/credits against intercompany
     accounts                                        37,975,593
  Impairment of investment in subsidiary
     companies                                       (3,958,342)
  Forgiveness of intercompany debt                            -
  Depreciation and amortization                               -
                                                   ------------
     Total costs and expenses                        28,465,260
                                                   ------------

Profit/(Loss) on sale of assets                               -
                                                   ------------
Operating profit/(loss)                              29,331,227

Other income (expense)
  Investment income                                      21,639
  Foreign exchange gains/(losses)                       (65,308)
  Interest expense, net                              (3,656,443)
                                                   ------------
Profit/(Loss) before taxes                           25,631,115
Income tax expense                                      396,133
                                                   ------------
Profit/(Loss) after taxes                           $26,027,248
                                                   ============

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

                            Assets

Current Assets
  Cash and cash equivalents                             $43,732
  Trade receivables                                      (1,362)
  Due from related parties (GE SeaCo)                    70,676
  Prepaid expenses and other current assets           1,280,723
                                                   ------------
     Total current assets                             1,393,769

Fixed assets, net                                         5,271

Investments                                           2,179,567
Intercompany receivables                              1,973,622
Other assets                                                  -
                                                   ------------
Total assets                                         $5,552,229
                                                   ============

             Liabilities and Shareholders' Equity

Current Liabilities
  Accounts payable                                     $566,601
  Accrued expenses                                    1,111,672
  Current portion of long-term debt                   1,220,612
                                                   ------------
     Total current liabilities                        2,898,885

Total shareholders' equity                            2,653,345
                                                   ------------
Total liabilities and shareholders' equity           $5,552,229
                                                   ============

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

Revenue                                                $666,892

Costs and expenses:
  Selling, general and admin. expenses                 (655,493)
  Professional fees                                  (1,301,140)
  Depreciation and amortization                            (820)
                                                   ------------
     Total costs and expenses                        (1,957,452)
                                                   ------------

Gains on sale of assets                                  21,125
                                                   ------------
Operating loss                                       (1,269,435)

Other income (expense)
  Interest income                                             -
  Foreign exchange gains or (losses)                          -
  Interest expense, net                                 (11,751)
                                                   ------------
Loss before taxes                                    (1,281,187)
Income tax credit                                             -
                                                   ------------
Net loss                                            ($1,281,187)
                                                   ============

                   About Sea Containers Ltd.

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

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

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

In its schedules filed with the Court, Sea Containers disclosed
total assets of $62,400,718 and total liabilities of
$1,545,384,083.  (Sea Containers Bankruptcy News, Issue No. 58;
Bankruptcy  Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


WELLMAN INC: Monthly Operating Report -- Ended October 31, 2008
---------------------------------------------------------------

                          Wellman, Inc.
              Condensed Consolidated Balance Sheet
                           (Unaudited)
                     As of October 31, 2008

                              ASSETS

Current assets:
Cash and cash equivalents                                     -
Accounts receivable                                 $89,400,000
Inventories                                          24,200,000
Prepaid expenses and other current assets            25,100,000
Current assets held for sale                                  -
                                                   ------------
Total current assets                                138,700,000

Property, plant and equipment:
Land, buildings and improvements                     76,300,000
Machinery and equipment                             338,500,000
CIP                                                   4,100,000
                                                   ------------
                                                    418,900,000
Less accumulated depreciation                       189,800,000
                                                   ------------
Net property, plant and equipment                   229,100,000

Other assets                                         11,700,000
Noncurrent assets held for sale                               -
                                                   ------------
Total Assets                                       $379,500,000
                                                   ============

               LIABILITIES & STOCKHOLDERS' DEFICIT

Liabilities Not Subject to Compromise
Current Liabilities:
Accounts payable - trade                             $4,400,000
Accrued liabilities                                  20,300,000
Debtor in possession credit agreement                70,700,000
Other debt                                                    -
Current liabilities associated with                           -
assets held for sale
                                                   ------------
Total current liabilities                            95,400,000

Liabilities subject to compromise                   526,000,000
Long-term debt                                                -
Deferred income taxes and other
noncurrent liabilities                              35,600,000
Noncurrent liabilities associated with                        -
assets held for sale
                                                   ------------
Total Liabilities                                   657,000,000

Stockholders' Deficit:
Common stock                                                  -
Preferred stock                                     185,700,000
Paid-in capital                                     248,800,000
Common stock warrants                                 4,900,000
Accumulated other comprehensive loss                          -
Accumulated deficit                                (667,400,000)
Less common stock in treasury                       (49,500,000)
                                                   ------------
Total Stockholders Deficit                         (277,500,000)
                                                   ------------
                                                   $379,500,000
                                                   ============

                          Wellman, Inc.
             Consolidated Statements of Operations
                          (Unaudited)
             For the Month Ended October 31, 2008

Net Sales                                           $45,400,000
Cost of Sales                                        54,000,000
                                                   ------------
Gross Profit (Loss)                                  (8,600,000)

Selling, General and Administrative Expenses          1,700,000
Other (Income) Loss                                           0
                                                   ------------
Operating Income (Loss)                             (10,300,000)

Interest Expense, Net                                 1,100,000
                                                   ------------
Earnings (Loss) from continuing operations          (11,400,000)
before reorganization items and income taxes

Reorganization Items, Net                             2,500,000
                                                   ------------
Earnings (Loss) from continuing operations          (13,900,000)
before income taxes

Income Tax Expense (Benefit)                                  0
                                                   ------------
Earnings (Loss) from continuing operations          (13,900,000)

Earnings (Loss) from discontinued operations,                 0
net of tax
                                                   ------------
Net Earnings (Loss)                                ($13,900,000)
                                                   ============

                          Wellman, Inc.
               Simplified Statement of Cash Flows
                           (Unaudited)
             For the Month Ended October 31, 2008

Cash flow from operating activities:
Net earnings (loss)                                 ($9,300,000)

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

Loss from discontinued operations, net of tax         4,600,000
Depreciation                                            800,000
Amortization                                          1,500,000
Amortization in interest expense                        600,000
Deferred taxes on income                                      0
Reorganization Items                                  2,500,000
Payment of reorganization items                      (2,300,000)
Gain on sale of assets                                        0

Changes in assets and liabilities:
Accounts receivable                                  22,000,000
Inventories                                          16,700,000
Prepaid expenses and other current assets            (1,600,000)
Other assets                                           (100,000)
Accounts payable and accrued liabilities               (100,000)
Other liabilities                                      (300,000)
Other                                                         0
                                                   ------------
Net cash provided (used) by operating activities     35,000,000

Cash flows from investing activities:
Additions to property, plant and equipment (net)       (100,000)
Proceeds from sale of assets                                  0
                                                   ------------
Net cash used by investing activities                  (100,000)

Cash flows from financing activities:
Borrowings (Repayments) of long-term debt           (44,000,000)
Dividends paid on common stock                                0
Debt and equity issuance costs                                0
                                                   ------------
Net cash provided (used) by financing activities    (44,000,000)

Discontinued Operations:
Operating activities                                 (3,700,000)
Investing activities                                 10,700,000
Financing activities                                          0
                                                   ------------
Net cash provided (used) by discontinued
operations                                           7,000,000

Increase (decrease) in cash and cash equivalents     (2,100,000)

Cash and cash equivalents, beginning                  2,100,000
                                                   ------------
Cash and cash equivalents at end of period                   $0
                                                   ============

                        About Wellman Inc.

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

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

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

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

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

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


WELLMAN INC: Monthly Operating Report -- Ended November 30, 2008
----------------------------------------------------------------

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

                              ASSETS

Current assets:
Cash and cash equivalents                                     -
Accounts receivable                                 $66,300,000
Inventories                                          19,300,000
Prepaid expenses and other current assets            21,600,000
Current assets held for sale                                  -
                                                   ------------
Total current assets                                107,200,000

Property, plant and equipment:
Land, buildings and improvements                     76,300,000
Machinery and equipment                             338,500,000
CIP                                                   4,100,000
                                                   ------------
                                                    418,900,000
Less accumulated depreciation                       190,800,000
                                                   ------------
Net property, plant and equipment                   228,100,000

Other assets                                         11,800,000
Noncurrent assets held for sale                               -
                                                   ------------
Total Assets                                       $347,100,000
                                                   ============

              LIABILITIES & STOCKHOLDERS' DEFICIT

Liabilities Not Subject to Compromise
Current Liabilities:
Accounts payable - trade                               $800,000
Accrued liabilities                                  18,600,000
Debtor in possession credit agreement                49,300,000
Other debt                                                    -
Current liabilities associated with                           -
assets held for sale
                                                   ------------
Total current liabilities                            68,700,000

Liabilities subject to compromise                   526,000,000
Long-term debt                                                -
Deferred income taxes and other
noncurrent liabilities                              35,700,000
Noncurrent liabilities associated with                        -
assets held for sale
                                                   ------------
Total Liabilities                                   630,400,000

Stockholders' Deficit:
Common stock                                                  -
Preferred stock                                     185,700,000
Paid-in capital                                     248,900,000
Common stock warrants                                 4,900,000
Accumulated other comprehensive loss                          -
Accumulated deficit                                (673,300,000)
Less common stock in treasury                       (49,500,000)
                                                   ------------
Total Stockholders Deficit                         (283,300,000)
                                                   ------------
                                                   $347,100,000
                                                   ============

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

Net Sales                                           $31,100,000
Cost of Sales                                        31,600,000
                                                   ------------
Gross Profit (Loss)                                    (500,000)

Selling, General and Administrative Expenses          1,200,000
Other (Income) Loss                                     200,000
                                                   ------------
Operating Income (Loss)                              (1,900,000)

Interest Expense, Net                                 1,000,000
                                                   ------------
Earnings (Loss) from continuing operations           (2,900,000)
before reorganization items and income taxes

Reorganization Items, Net                             2,800,000
                                                   ------------
Earnings (Loss) from continuing operations           (5,700,000)
before income taxes

Income Tax Expense (Benefit)                                  0
                                                   ------------
Earnings (Loss) from continuing operations           (5,700,000)

Earnings (Loss) from discontinued operations,           200,000
net of tax
                                                   ------------
Net Earnings (Loss)                                 ($5,900,000)
                                                   ============

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

Cash flow from operating activities:
Net earnings (loss)                                 ($5,900,000)

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

Loss from discontinued operations, net of tax          (200,000)
Depreciation                                          1,000,000
Amortization                                          1,400,000
Amortization in interest expense                        800,000
Deferred taxes on income                                      0
Reorganization Items                                  2,800,000
Payment of reorganization items                      (2,400,000)
Gain on sale of assets                                        0

Changes in assets and liabilities:
Accounts receivable                                  23,100,000
Inventories                                           5,000,000
Prepaid expenses and other current assets             2,900,000
Other assets                                                  0
Accounts payable and accrued liabilities             (7,300,000)
Other liabilities                                             0
Other                                                         0
                                                   ------------
Net cash provided (used) by operating activities     21,200,000

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

Cash flows from financing activities:
Borrowings (Repayments) of long-term debt           (21,400,000)
Dividends paid on common stock                                0
Debt and equity issuance costs                                0
                                                   ------------
Net cash provided (used) by financing activities    (21,400,000)

Discontinued Operations:
Operating activities                                    200,000
Investing activities                                          0
Financing activities                                          0
                                                   ------------
Net cash provided (used) by discontinued
operations                                             200,000

Increase (decrease) in cash and cash equivalents              0

Cash and cash equivalents, beginning                          0
                                                   ------------
Cash and cash equivalents at end of period                   $0
                                                   ============

                        About Wellman Inc.

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

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

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

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

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

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



                            *********

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

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost

net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency
related conferences are encouraged.  Send announcements to
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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
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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
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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 2009.  All rights reserved.  ISSN: 1520-9474.

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                    *** End of Transmission ***