TCR_Public/090321.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, March 21, 2009, Vol. 13, No. 79

                            Headlines



ATA AIRLINES: Files Monthly Operating Report for January 2009
CATHOLIC CHURCH: Fairbanks' Monthly Operating Report for December
CATHOLIC CHURCH: Fairbanks' Operating Report for January 2009
FLYING J: Posts $5.3 Million Net Loss in January 2009
LAKE AT LAS: Posts $4,330,898 Net Loss in January 2009

LANDAMERICA FINANCIAL: LES' Operating Report for December 2008
LANDAMERICA FINANCIAL: LES' Operating Report for January 2009
LANDAMERICA FINANCIAL: LFG's Operating Report for December 2008
LANDAMERICA FINANCIAL: LFG's Operating Report for January 2009
LEXINGTON PRECISION: Posts $1,069,000 Net Loss in January 2009

MASONITE INTERNATIONAL: Files Balance Sheet as of June 30, 2008
POWERMATE CORP: Jan. 31 Balance Sheet Upside-Down by $67.6 Million
POWERMATE CORP: Holding Posts $2,091,253 Net Loss in January 2009
POWERMATE CORP: International Files January Operating Report
REFCO INC: REFCO LLC's Monthly Operating Report for January 2009

RITZ CAMERA: Files Initial Monthly Operating Report
SHARPER IMAGE: Files Monthly Operating Report for January 2009
SPANSION INC: Files Initial Monthly Operating Report
TRIBUNE COMPANY: Files Operating Report for Month Ended February 1
WCI COMMUNITIES: Posts Net Loss of $18.8 Million in December 2008

WCI COMMUNITIES: Posts $18.8 Million Net Loss in January 2009



                            *********

ATA AIRLINES: Files Monthly Operating Report for January 2009
-------------------------------------------------------------
ATA Airlines' chief restructuring officer Steve Turoff filed with
the U.S. Bankrupty Court for the or the Southern District of
Indiana the company's operating report for the period January 1 to
31, 2009.

Mr. Turoff disclosed that ATA Airlines had $2,341,623 in cash
profit and $14,487 in total payables for January.

The total professional fee incurred by or on behalf of ATA
Airlines for services related to its bankruptcy case during the
month is $936,353.

                   ATA Airlines, Inc.
               Receipts and Disbursements
              Month Ended January 31, 2009

RECEIPTS
Military                                                -
Charter                                                 -
Scheduled Service                                       -
  US Bank                                                -
  Amex                                                   -
  Discover                                               -
  Diner's Club                                           -
  Other Scheduled Service                                -
Asset Sales--Inventory                         $1,213,164
Asset Sales--Ground Equipment                           -
Asset Sales--Rotables                                   -
Asset Sales?-L1011                                      -
Return of Deposits/Prepaids                             -
Cash Collateral/LOCs                            1,037,084
Interest                                            6,453
Miscellaneous                                     520,789
                                              ------------
Total                                          $2,777,490
                                              ============

DISBURSEMENTS
Base Payroll Inc. All Taxes                      $223,945
Stay Bonus                                              -
Benefits                                                -
Employee Expense Payments                           2,122
Outside Director Fees                               1,000
Facilities                                          2,100
Utilities/Communications                            2,350
Contract Labor                                     26,720
Professionals                                      82,741
US Trustee                                         12,350
Aircraft Ferry Cost                                65,000
Engine Changes/Certificate Mx                       9,156
Insurance--D&O/Misc.                                    -
Health Insurance Run-off Reserve                        -
Cobra Reserve                                           -
Security                                                -
Shipping/Cargo                                         63
Returned Checks                                         -
Miscellaneous                                       8,320
                                              ------------
Total                                            $435,867

Beginning Balance                              $44,804,679
Receipts                                         2,777,490
Disbursements                                     (435,867)
                                              ------------
Ending Balance                                 $47,146,301
                                              ============

                        About ATA Airlines

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

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

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

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

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

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

ATA Airlines submitted to the Court its Chapter 11 Plan of
Reorganization and accompanying Disclosure Statement on
December 12, 2008, two weeks after it completed the sale of its
key assets to Southwest Airlines Inc.

Bankruptcy Creditors' Service, Inc., publishes ATA Airlines
Bankruptcy News.  The newsletter tracks the chapter 11 case of
ATA Airlines, Inc.  (http://bankrupt.com/newsstand/or
215/945-7000)


CATHOLIC CHURCH: Fairbanks' Monthly Operating Report for December
-----------------------------------------------------------------

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

                                             CBNA      Held for
ASSETS                                       Total       Others
                                             -----     --------
Cash and cash equivalents               $1,081,472     $119,047
Investments:
  Valuables in safe                            168            -
  Trust account @ market                   762,976            -
  457 Plan assets @ market                       -      119,679
  Endowment Fund @ market                        -   14,475,329
  Endowment Fund - earnings @ market    (2,521,642)           -
  Stocks                                       799            -
  Limited partnerships                     261,324            -
Accounts receivable, net of allowance:
  Tuition, fees and others                 862,501            -
  For parishes and school                   38,647            -
  Other                                      7,318            -
Notes and other receivables                344,687            -
Grants pledged                              62,500            -
Fixed assets, net at cost:
  Land and building                      7,818,560            -
  Aircraft                                 123,341            -
  Equipment                                      -            -
Other assets                               338,777            -
                                        ----------   ----------
  Total Assets                          $9,181,436  $14,714,057
                                        ==========   ==========

LIABILITIES AND NET ASSETS

Liabilities:
Accounts payable/accrued liabilities      $539,182            -
Notes payable                              216,966            -
D.I.P. Loan                              1,000,000            -
Benefits payable                            69,807            -
Deferred revenue                           878,249            -
Annuities payable                          215,684            -
Other liabilities                           25,799            -
Payroll-related liabilities:
  Payroll taxes                             56,218            -
  General vacation accrual account          16,339            -
  Tax sheltered annuity                     19,934            -
  Accrued leave                            260,853            -
Insurance:
  Long term disability                         450            -
  Insurance deposits payables              140,630            -
  Insurance reserves expense                40,562            -
  Indemnity insurance reserves                 121            -
  Medical/Dental payroll deduction         210,889            -
CBNA building loan                               -            -
                                        ----------   ----------
  Total Liabilities                      3,691,691            -
                                        ----------   ----------
Total net assets                         5,489,745  $14,714,057
                                        ----------   ----------
  Total Liabilities and Net Assets      $9,181,436  $14,714,057
                                        ==========   ==========

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

                                             CBNA      Held for
                                             Total       Others
Support and revenue:                         -----     --------
  Parish assessments                       $14,357            -
  Tuition, net of tuition assistance       200,277            -
  Curricular income                          7,488            -
  Donations                              1,141,020            -
  Investment income                        255,164      $40,579
  Other income                               9,128       12,750
  Temporarily restricted gifts              20,987            -
                                        ----------   ----------
  Total support and revenue              1,648,422       53,329

Expenses:
  Operating expenses                        59,277            -
  Supplies                                  17,528            -
  Repair & Maintenance                      43,390            -
  Utilities                                 53,269            -
  Insurance                                 14,808            -
  Staff Expenses:
     Salaries & Wages                      376,872            -
     Payroll Taxes                          23,948            -
     Employee Benefits                      89,684            -
  Curricular Expenses                       15,798            -
  Recruiting, advertising and PRs                -            -
  Travel Expenses                            9,800            -
  Student related expenses                       -            -
  Contributions                                  -            -
  Professional and technical fees           22,825            -
  Investment services                       10,060       (1,386)
  Subsidies                                 69,716            -
  Rental/Lease Expense                      33,105            -
  Assessments                              (14,357)           -
  Fund Raising Expense                      12,889            -
  Radio Programming Expense                  2,022            -
  Radio Technical Dept. Expenses             2,409            -
  Miscellaneous Expense                      9,009            -
                                        ----------   ----------
  Total General                            852,060       (1,386)

  Funds released from restricted funds           -            -
  Net change in designated funds                 -            -
                                        ----------   ----------
  Total Expenses                           852,060       (1,386)
                                        ----------   ----------
Increase (decrease) in net assets          796,362       54,716
                                        ----------   ----------

Re-organization costs                      200,569            -
Increase (decrease) in net assets       ----------   ----------
after Re-org costs                         595,792       54,716

Net assets:
  Beginning of month                     4,893,952   14,659,340
                                        ----------   ----------
  End of month                          $5,489,745  $14,714,057
                                        ==========   ==========

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

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

Total receipts - prior gen.
  account reports                       10,572,901    1,231,845

Less total disbursements                10,723,111    1,131,450
                                        ----------   ----------
Beginning balance - November 30, 2008      335,026      178,076


Receipts during current period:
  Transfers between internal accounts       70,100            -
  Funds received by CBNA from KNOM          54,000            -
  Funds received from Catholic Schools      31,216            -
  Funds received by KNOM from CBNA           2,722            -
  Funds received by Catholic Schools        65,393            -
  Funds collected from others              123,902      123,902
  Custodial funds                           33,466       33,466
  Accounts receivable                      157,281            -
  Restricted funds and endowment gifts      52,210            -
  Donations                                966,628            -
  Grants                                     4,750            -
  Interest & dividends                         349            -
  Gains (Losses) security sales                108            -
  Proceeds from the sale of stock            5,106            -
  Payment refund/return                      7,029            -
  Programs                                   2,471            -
  Weather service income                       150            -
  Co-curricular income                       7,488            -
  Other income/fees                          3,932            -
  Miscellaneous                                 39            -
  Sale of fixed assets                     149,975            -
  Sale of books and cards                    6,003            -
  Loan proceeds                            700,000            -
                                        ----------   ----------
  Total receipts this period             2,444,325      157,369
                                        ----------   ----------
Balance                                  2,779,352      335,445

Less total disbursements:
  Transfers between internal accounts       70,100            -
  Transfers from KNOM to CBNA               54,000            -
  Transfers from Cath. Schools to CBNA      31,216            -
  Transfers from CBNA to Cath. Schools      42,703            -
  Funds disbursed for others                84,866       84,866
  Custodial funds                           15,008       15,008
  Co-curricular expense                     24,624            -
  Curricular expense                         5,405            -
  Programming - News service                 1,992            -
  Wages & salaries                         351,231            -
  Employee benefits                        165,606            -
  Staff development                          7,745            -
  Supplies: maintenance/repairs              1,720            -
  Supplies: office                          10,972            -
  Scholarships/donations/financial aid         250            -
  Maintenance/repairs                       35,002            -
  Fundraising                               12,889            -
  Telephone/Internet                         2,423            -
  Utilities                                 34,142            -
  Dues/Fees                                  1,882            -
  Refunds                                       70            -
  Travel                                    15,967            -
  Printing and copying                       1,349            -
  Postage                                   29,817            -
  Services & insurance                         503            -
  Reimbursements                               929            -
  Taxes                                     45,727            -
  NSF's                                      3,673            -
  Bank fees and charges                      2,516            -
  Interest expense                             594            -
  Music license fee                             30            -
  List rental and copy leases               19,936            -
  Restricted                                 1,014            -
  Annuities                                    964            -
  Professional fees - Chapter 11           371,244            -
  Professional fees                         19,211            -
  Miscellaneous                                820            -
  Advertising                               12,408            -
  Supplies: food                             3,143            -
  Mass stipends                              1,075            -
  Subscriptions                              6,708            -
  Subsidies                                 88,585            -
  Supplies: religious                          309            -
                                        ----------   ----------
  Total disbursements this period        1,580,384       99,875
                                        ----------   ----------
Ending balance - December 31, 2008      $1,198,968     $235,570
                                        ==========   ==========

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


CATHOLIC CHURCH: Fairbanks' Operating Report for January 2009
-------------------------------------------------------------

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

                                             CBNA      Held for
ASSETS                                       Total       Others
                                             -----     --------
Cash and cash equivalents                 $760,474     $124,484
Investments:
  Valuables in safe                            168            -
  Trust account @ market                   743,535            -
  457 Plan assets @ market                       -      111,461
  Endowment Fund @ market                        -   14,403,878
  Endowment Fund - earnings @ market    (3,092,740)           -
  Stocks                                     5,551            -
  Limited partnerships                     261,324            -
Accounts receivable, net of allowance:
  Tuition, fees and others                 691,429            -
  For parishes and school                   45,554            -
  Other                                     22,140            -
Notes and other receivables                343,768            -
Grants pledged                              62,500            -
Fixed assets, net at cost:
  Land and building                      7,818,560            -
  Aircraft                                 123,341            -
  Equipment                                      -            -
Other assets                               298,050            -
                                        ----------   ----------
  Total Assets                          $8,083,662  $14,639,824


LIABILITIES AND NET ASSETS

Liabilities:
Accounts payable/accrued liabilities      $375,549            -
Notes payable                              216,966            -
D.I.P. Loan                              1,000,000            -
Benefits payable                            50,465            -
Deferred revenue                           706,880            -
Annuities payable                          215,684            -
Other liabilities                           24,732            -
Payroll-related liabilities:
  Payroll taxes                             56,109            -
  General vacation accrual account          16,339            -
  Tax sheltered annuity                          -            -
  Accrued leave                            264,089            -
Insurance:
  Long term disability                         444            -
  Insurance deposits payables               80,981            -
  Insurance reserves expense                40,562            -
  Indemnity insurance reserves                  32            -
  Medical/Dental payroll deduction         207,583            -
CBNA building loan                               -            -
                                        ----------   ----------
  Total Liabilities                      3,256,422            -
                                        ----------   ----------
Total net assets                         4,827,240   14,639,824
                                        ----------   ----------
  Total Liabilities and Net Assets      $8,083,662  $14,639,824
                                        ==========   ==========

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

                                             CBNA      Held for
                                             Total       Others
Support and revenue:                          -----     --------
  Parish assessments                       $14,357            -
  Tuition, net of tuition assistance       184,959            -
  Curricular income                         23,270            -
  Donations                                580,322            -
  Investment income                       (565,932)    ($91,398)
  Other income                               6,401       20,585
  Temporarily restricted gifts              79,373            -
                                        ----------   ----------
  Total support and revenue                322,752
(70,813)

Expenses:
  Operating expenses                        92,764            -
  Supplies                                  19,689            -
  Repair & Maintenance                      24,308            -
  Utilities                                 47,383            -
  Insurance                                 17,013            -
  Staff Expenses:
     Salaries & Wages                      395,523            -
     Payroll Taxes                          25,148            -
     Employee Benefits                      98,388            -
  Curricular Expenses                       29,015            -
  Recruiting, advertising and PRs             (299)           -
  Travel Expenses                           20,226            -
  Student related expenses                       -            -
  Contributions                                 25            -
  Professional and technical fees           37,643            -
  Investment services                        4,163         $404
  Subsidies                                 21,978            -
  Rental/Lease Expense                      50,450            -
  Assessments                               17,757            -
  Fund Raising Expense                       6,308            -
  Radio Programming Expense                 15,632            -
  Radio Technical Dept. Expenses             7,754            -
  Miscellaneous Expense                      5,304            -
                                        ----------   ----------
  Total General                            936,177          404

  Funds released from restricted funds           -            -
  Net change in designated funds                 -            -
                                        ----------   ----------
  Total Expenses                           936,177          404
                                        ----------   ----------
Increase (decrease) in net assets         (613,425)     (71,217)
                                        ----------   ----------

Re-organization costs                       49,079            -

Increase (decrease) in net assets       ----------   ----------
after Re-org costs                        (662,504)     (71,217)

Net assets:
  Beginning of month                     5,489,745   14,711,042
                                        ----------   ----------
  End of month                           4,827,240   14,639,824
                                        ==========   ==========

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

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

Total receipts - prior gen.
  account reports                       13,017,227    1,389,214
Less total disbursements                12,303,496    1,231,325
                                        ----------   ----------
Beginning balance - December 31, 2008    1,198,968      235,570

Receipts during current period:
  Transfers between internal accounts      282,740            -
  Funds received by CBNA from KNOM          57,931            -
  Funds received from Catholic Schools      31,913            -
  Funds received by Catholic Schools        34,038            -
  Funds collected from others              104,778      104,778
  Custodial funds                            7,174        7,174
  Accounts receivable                      181,098            -
  Restricted funds and endowment gifts      97,208            -
  Donations                                587,425            -
  Interest & dividends                         390            -
  Gains (Losses) security sales                 25            -
  Payment refund/return                      1,253            -
  Programs                                  15,614            -
  Weather service income                       150            -
  Co-curricular income                      17,345            -
  Stock processing                             799            -
  Other income/fees                          3,211            -
  Miscellaneous                                 15            -
  Sale of books and cards                    2,767            -
                                        ----------   ----------
  Total receipts this period             1,425,882      111,952
                                        ----------   ----------
Balance                                  2,624,851      347,523

Less total disbursements:
  Transfers between internal accounts      282,740            -
  Transfers from KNOM to CBNA               57,931            -
  Transfers from Cath. Schools to CBNA      31,913            -
  Transfers from CBNA to Cath. Schools      58,077            -
  Funds disbursed for others               116,505      116,505
  Custodial funds                            6,022        6,022
  Co-curricular expense                     20,484            -
  Curricular expense                         8,651            -
  Programming - News service                14,499            -
  Wages & salaries                         346,949            -
  Employee benefits                        117,147            -
  Staff development                          3,947            -
  Furniture, fixtures & equipments           3,199            -
  Supplies: maintenance/repairs              4,089            -
  Supplies: office                          19,670            -
  Administrative                               109            -
  Maintenance/repairs                       27,361            -
  Rent                                       1,014            -
  Fundraising                                6,308            -
  Telephone/Internet                         3,238            -
  Utilities                                 64,241            -
  Dues/Fees                                    386            -
  Refunds                                    1,706            -
  Travel                                    26,442            -
  Printing and copying                      12,106            -
  Postage                                   36,111            -
  Services & insurance                      70,515            -
  Reimbursements                             3,717            -
  Education expenses                           278            -
  Taxes                                     45,427            -
  NSF's                                      2,712            -
  Bank fees and charges                      2,685            -
  Interest expense                           2,786            -
  Music license fee                            114            -
  List rental and copy leases               34,903            -
  Annuities                                  2,642            -
  Professional fees - Chapter 11           194,023            -
  Professional fees                         37,916            -
  Miscellaneous                                 54            -
  Advertising                                8,085            -
  Supplies: food                             2,989            -
  Mass stipends                             11,484            -
  Subscriptions                              7,574            -
  Subsidies                                 22,515            -
  Supplies: religious                          579            -
  Assessments: ACCB, USCCB                   3,399            -
  Charitable contributions                   1,617            -
  Transfers to CTNA                         14,613            -
                                        ----------   ----------
  Total disbursements this period        1,741,494      122,528
                                        ----------   ----------
Ending balance - January 31, 2008         $883,356     $224,994
                                        ==========   ==========

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


FLYING J: Posts $5.3 Million Net Loss in January 2009
-----------------------------------------------------
Flying J Inc. posted a net loss of $5.3 million on sales of
$275.7 million for the month ended January 31, 2009.

At January 31, 2009, Flying J Inc. had $1.37 billion in total
assets, $812.61 billion in total liabilities, and $556.23 billion
in shareholders' equity.

A full-text copy of Flying J's monthly operating report for
January 2009, is available at:

       http://bankrupt.com/misc/FlyingJ.January2009MOR.pdf

                          About Flying J

Headquartered in Ogden, Utah, Flying J Inc. --
http://www.flyingj.com-- operate an oil company with operations
in the field of exploration and refining of petroleum products.
The Debtors engage in online banking, card processing, truck
and trailer leasing, and payroll services.  The Debtors also
operate about 200 travel plazas in 41 states and six Canadian
provinces.  The company and six of its affiliates filed for
Chapter 11 protection on Dec. 22, 2008 (Bankr. D. Del. Lead Case
No. 08-13384).  Kirkland & Ellis LLP represents the Debtors' in
their restructuring efforts and Young, Conaway, Stargatt & Taylor
LLP as their Delaware Counsel.  The Debtors proposed The
Blackstone Group LP as financial advisor and Epiq Bankruptcy
Solutions LLC as claims agent.  When the Debtors filed for
protection from its creditors, they listed assets more than
$1 billion and debts between $100 million to $500 million.


LAKE AT LAS: Posts $4,330,898 Net Loss in January 2009
------------------------------------------------------
Lake at Las Vegas Joint Venture, LLC, posted a net loss of
$4,330,898 on total revenues of ($1,544,359) for the month ended
January 31, 2009.

At January 31, 2009, Lake at Las Vegas had total assets of
$663,965,363, total liabilities of $790,656,635 and stockholders'
deficit of $126,691,273.

      http://bankrupt.com/misc/LakeatLas.January2009MOR.pdf

                     About Lake at Las Vegas

Headquartered in Henderson, Nevada, Lake at Las Vegas Joint
Venture, LLC and 14 of its debtor-affiliates --
http://www.lakelasvegas.com/-- are owners and developers of
3,592-acre residential and resort destination Lake Las Vegas
Resort in Las Vegas, Nevada.  Centered around a 320-acre man-made
lake, Lake Las Vegas contains more than 9,000 residential units,
and also includes two luxury resort hotels (a Loews and a Ritz-
Carlton), a casino, a specialty retail village shopping area,
marinas, three signature golf courses and related clubhouses, and
other real property.

The Debtors filed separate petitions for Chapter 11 relief on
July 17, 2008 (Bankr. D. Nev. Lead Case No. 08-17814).  When Lake
at Las Vegas Joint Venture, LLC filed for protection from its
creditors, it listed assets of $100 million to $500 million, and
debts of $500 million to $1.0 billion.  Courtney E. Pozmantier,
Esq., Martin R. Barash, Esq., at Klee, Tuchin, Bogdanoff & Stern
LLP, Jason D. Smith, Esq., at Santoro, Driggs, Walch, Kearney,
Holley & Thompson, Jeanette E. McPherson, Esq., Lenard E.
Schwartzer, Esq., at Schwartzer & McPherson Law Firm,
represent the Debtors as counsel.  Kaaran E. Thomas, Esq., Ryan J.
Works, Esq., at McDonald Carano Wilson LLP, represent the
Official Committee of Unsecured Creditors as counsel.


LANDAMERICA FINANCIAL: LES' Operating Report for December 2008
--------------------------------------------------------------

             LandAmerica 1031 Exchange Services, Inc.
                          Balance Sheet
                     As of December 31, 2008

Assets

  Cash and Cash Equivalents                       $275,686,000
  Auction Rate Securities                          159,843,000
  Taxes receivable                                     133,000
  Property and Equipment                               127,000
  Goodwill and Intangible Assets                       452,000
  Other Assets                                         361,000
                                               ---------------
     Total Assets                                 $436,602,000
                                               ===============

Liabilities

  Accounts payable and accrued
     liabilities                                      $125,000
  Intercompany payables -                              245,000
     Postpetition
  Liabilities subject to compromise                487,984,000
                                               ---------------
     Total Liabilities                             488,354,000
     Total Shareholders' Equity                    (51,752,000)
                                               ---------------
     Total Liabilities and
        Shareholders' Equity                      $436,602,000
                                               ===============

             LandAmerica 1031 Exchange Services, Inc.
                     Statement of Operations
               For Month Ended December 31, 2008

Revenue:
  Interest and other income                           $970,000

Expenses
  General, administrative and other
    expenses                                           252,000
                                               ---------------
     Net Income                                      ($718,000)
                                               ===============

            LandAmerica 1031 Exchange Services, Inc.
          Schedule of Cash Receipts and Disbursements
               For Month Ended December 31, 2008

Opening Cash Balance                              $274,716,000

Receipts

Investment Income                                      970,000
                                               ---------------
Ending Cash                                       $275,686,000
                                               ===============

                    About LandAmerica Financial

LandAmerica Financial Group, Inc., is a leading provider of real
estate transaction services with offices nationwide and a vast
network of active agents.  LandAmerica serves its agent,
residential, commercial and lender customers throughout the
United States, Mexico, Canada, the Caribbean, Latin America,
Europe, and Asia.

LandAmerica Financial Group and its affiliate LandAmerica 1031
Exchange Services, Inc., filed for Chapter 11 protection
November 26, 2008 (Bankr. E.D. Va. Lead Case No. 08-35994).
Dion W. Hayes, Esq., and John H. Maddock III, Esq., at
McGuireWoods LLP, are the Debtors' bankruptcy counsel.

In its bankruptcy petition, LFG listed total assets of
$3,325,100,000, and total debts of $2,839,800,000 as of
September 30, 2008.

Bankruptcy Creditors' Service, Inc., publishes LandAmerica
Bankruptcy News.  The newsletter tracks the chapter 11 proceeding
undertaken by LandAmerica Financial and its affiliate LandAmerica
1031 Exchange Services, Inc. (http://bankrupt.com/newsstand/or
215/945-7000)


LANDAMERICA FINANCIAL: LES' Operating Report for January 2009
-------------------------------------------------------------

            LandAmerica 1031 Exchange Services, Inc.
                          Balance Sheet
                     As of January 31, 2009

Assets

  Cash and Cash Equivalents                       $276,319,000
  Auction Rate Securities                          159,843,000
  Taxes receivable                                     133,000
  Property and Equipment                               123,000
  Goodwill and Intangible Assets                       452,000
  Other Assets                                         339,000
                                               ---------------
     Total Assets                                 $437,208,000
                                               ===============

Liabilities

  Accounts payable and accrued
     liabilities                                    $3,251,000
  Intercompany payables -                              358,000
     Postpetition
  Liabilities subject to compromise                487,991,000
                                               ---------------
     Total Liabilities                             491,599,000
     Total Shareholders' Equity                    (54,391,000)
                                               ---------------
     Total Liabilities and
        Shareholders' Equity                      $437,208,000
                                               ===============

             LandAmerica 1031 Exchange Services, Inc.
                     Statement of Operations
              For the month ended January 31, 2009

Revenue:
  Interest and other income                           $606,000

Expenses
  Professional Fees                                  3,159,000
  General, administrative and other
    expenses                                            85,000
                                               ---------------
     Net Income                                    ($2,639,000)
                                               ===============

            LandAmerica 1031 Exchange Services, Inc.
          Schedule of Cash Receipts and Disbursements
               For Month Ended January 31, 2009

Opening Cash Balance                              $275,686,000

Receipts
Investment Income                                      606,000
Other Receipts                                          27,000
                                               ---------------
Ending Cash                                       $276,319,000
                                               ===============

                    About LandAmerica Financial

LandAmerica Financial Group, Inc., is a leading provider of real
estate transaction services with offices nationwide and a vast
network of active agents.  LandAmerica serves its agent,
residential, commercial and lender customers throughout the
United States, Mexico, Canada, the Caribbean, Latin America,
Europe, and Asia.

LandAmerica Financial Group and its affiliate LandAmerica 1031
Exchange Services, Inc., filed for Chapter 11 protection
November 26, 2008 (Bankr. E.D. Va. Lead Case No. 08-35994).
Dion W. Hayes, Esq., and John H. Maddock III, Esq., at
McGuireWoods LLP, are the Debtors' bankruptcy counsel.

In its bankruptcy petition, LFG listed total assets of
$3,325,100,000, and total debts of $2,839,800,000 as of
September 30, 2008.

Bankruptcy Creditors' Service, Inc., publishes LandAmerica
Bankruptcy News.  The newsletter tracks the chapter 11 proceeding
undertaken by LandAmerica Financial and its affiliate LandAmerica
1031 Exchange Services, Inc. (http://bankrupt.com/newsstand/or
215/945-7000)


LANDAMERICA FINANCIAL: LFG's Operating Report for December 2008
---------------------------------------------------------------

               LandAmerica Financial Group, Inc.
                          Balance Sheet
                     As of December 31, 2008

Assets

  Cash                                              $93,378,000
  Notes:
     Fidelity National Title                         50,000,000
     Other                                           11,712,000
  Investments:
     Fidelity National Title stock                   56,385,000
     Fixed maturities available-
        for-sale                                      1,113,000
  Taxes receivable                                   23,643,000
  Property and equipment                             16,769,000
  Title Plans                                           945,000
  Other assets                                       66,876,000
  Investments in subsidiaries and
     consolidated joint ventures                    684,298,000
  Intercompany receivable                           261,638,000
                                                ---------------
     Total Assets                                $1,266,757,000
                                                ===============

Liabilities

  Accounts payable and accrued
     liabilities                                    $21,302,000
  Liabilities subject to compromise                 499,214,000
                                                ---------------
     Total Liabilities                              520,516,000
     Total Shareholders' Equity                     746,242,000
                                                ---------------
     Total Liabilities and
        Shareholders' Equity                     $1,266,758,000
                                                ===============

               LandAmerica Financial Group, Inc.
                    Statement of Operations
               For Month Ended December 31, 2008

Revenue:
  Investment and other income                          $297,000
  Valuation adjustment related to
     Fidelity National Title Stock                    6,385,000
                                                ---------------
     Total Revenue                                   $6,682,000
                                                ===============

Expenses
  General, administrative and other
    expenses                                          3,826,000
  Depreciation and amortization                         344,000
  Loss on disposal of subsidiaries                  756,647,000
                                                ---------------
     Total Expenses                                 760,817,000
                                                ---------------
     Net Loss before income taxes                  (754,135,000)
  Income tax benefit                                          0
                                                ---------------
     Net Loss                                     ($754,135,000)
                                                ===============

Loss on disposal of subsidiaries is related to the sale on
certain subsidiaries to Fidelity National Title Insurance Company
as part of the Asset Purchase Agreement

                LandAmerica Financial Group, Inc.
           Schedule of Cash Receipts and Disbursements
                For Month Ended December 31, 2008

Operating Cash and Cash Equivalents

Held for the benefit;
  LandAmerica Financial Group, Inc.                  $2,774,000
  Underwriters                                       (9,832,000)
  Retained Subsidiaries                                       0
                                                ---------------
     Opening Cash                                    (7,058,000)
                                                ---------------
Cash Receipts

  Collection received for the
  benefit of;
     Underwriters                                    91,839,000
     Retained subsidiaries                           16,903,000

  Payment reimbursements by;
     Underwriters                                    18,697,000
     Retained Subsidiaries                           62,392,000

  Proceeds from sale of the
  Underwriting business;
     LandAmerica Financial Group, Inc.               75,539,000
     Retained Subsidiaries                           12,005,000
                                                ---------------
     Total Receipts                                 277,375,000
                                                ---------------
Cash Disbursement

  Related to LandAmerica Financial
     Group, Inc.                                        633,000
  Payables                                              260,000
  Others                                                760,000
                                                ---------------
     Total                                            1,653,000
                                                ---------------
  Payments made for the benefit of;
     Underwriters                                    90,324,000
     Retained subsidiaries                           84,944,000
                                                ---------------
     Total Disbursements                            176,921,000

Net Cash Flow                                       100,436,000
                                                ---------------
Ending Cash and Cash Equivalents                    $93,378,000
                                                ===============
Ending Cash and Cash Equivalents

  Held for the benefit;
     LandAmerica Financial Group, Inc.              $76,660,000
     Underwriters                                    10,362,000
     Retained subsidiaries                            6,356,000
                                                ---------------
     Total                                          $93,378,000
                                                ===============

                     LFG Cautions Investors

In a filing with the United States Securities and Exchange
Commission, Michelle H. Gluck, executive vice president and chief
legal officer of LFG, cautions LFG's investors and potential
investors not to place undue reliance upon the information
contained in the Monthly Operating Report, which was not prepared
for the purpose of providing the basis for an investment decision
relating to any of LFG's securities.

According to Mr. Gluck, the Monthly Operating Report:

  * is limited in scope, covers a limited time period, and has
    been prepared solely for the purpose of complying with the
    monthly reporting requirements of the Office of the United
    States Trustee;

  * was not audited or reviewed by independent accountants, is
    in a format prescribed by applicable requirements of the
    Office of the United States Trustee and is subject to future
    adjustment and reconciliation;

  * contains any information beyond that required by the Office
    of the United States Trustee; and

  * contains information for periods that are shorter or
    otherwise different from those required in LFG's reports
    pursuant to the Securities Exchange Act of 1934, as amended,
    and the information might not be indicative of LFG's
    financial condition or operating results for the period that
    would be reflected in LFG's financial statements or in its
    reports pursuant to the Exchange Act.

Mr. Gluck says that the Monthly Operating Report should not be
viewed as indicative of future results.

                    About LandAmerica Financial

LandAmerica Financial Group, Inc., is a leading provider of real
estate transaction services with offices nationwide and a vast
network of active agents.  LandAmerica serves its agent,
residential, commercial and lender customers throughout the
United States, Mexico, Canada, the Caribbean, Latin America,
Europe and Asia.

LandAmerica Financial Group and its affiliate LandAmerica 1031
Exchange Services, Inc., filed for Chapter 11 protection
November 26, 2008 (Bankr. E.D. Va. Lead Case No. 08-35994).
Dion W. Hayes, Esq., and John H. Maddock III, Esq., at
McGuireWoods LLP, are the Debtors' bankruptcy counsel.

In its bankruptcy petition, LFG listed total assets of
$3,325,100,000, and total debts of $2,839,800,000 as of
September 30, 2008.

Bankruptcy Creditors' Service, Inc., publishes LandAmerica
Bankruptcy News.  The newsletter tracks the chapter 11 proceeding
undertaken by LandAmerica Financial and its affiliate LandAmerica
1031 Exchange Services, Inc. (http://bankrupt.com/newsstand/or
215/945-7000)


LANDAMERICA FINANCIAL: LFG's Operating Report for January 2009
--------------------------------------------------------------

               LandAmerica Financial Group, Inc.
                          Balance Sheet
                     As of January 31, 2009

Assets

  Cash and Cash Equivalents                        $97,102,000
  Notes:
     Fidelity National Title                        50,000,000
     Other                                          11,712,000

  Investments:
     Fidelity National Title Stock                  46,442,000

  Taxes receivable                                  21,856,000
  Property and Equipment                            16,428,000
  Title Plans                                          945,000
  Other Assets                                      68,053,000
  Investments in subsidiaries and
     joint ventures                                684,298,000
  Intercompany receivables                         269,101,000
                                               ---------------
     Total Assets                               $1,265,938,000
                                               ===============

Liabilities

  Accounts payable and accrued
     liabilities                                   $24,000,000
  Liabilities subject to compromise                495,020,000
                                               ---------------
     Total Liabilities                             519,397,000
     Total Shareholders' Equity                    746,541,000
                                               ---------------
     Total Liabilities and
        Shareholders' Equity                    $1,265,938,000
                                               ===============

               LandAmerica Financial Group, Inc.
                     Statement of Operations
               For Month ended January 31, 2009

Revenue
  Interest and other income                           $271,000
  Valuation adjustment to Fidelity
     National Title stock                         (100,006,000)
                                               ---------------
     Total Revenue                                  (9,735,000)
                                               ---------------
Expenses
  General, administrative and other
    expenses                                         2,768,000
  Depreciation and amortization                        341,000
  Interest Expense                                     122,000
  Loss on disposal of subsidiaries                           0
                                               ---------------
     Total Expenses                                  3,231,000
                                               ---------------
     Net Loss before income taxes                  (12,966,000)
  Income tax benefit                                         0
                                               ---------------
     Net Loss                                     ($12,966,000)
                                               ===============

               LandAmerica Financial Group, Inc.
          Schedule of Cash Receipts and Disbursements
               For Month Ended January 31, 2009

Opening Cash and Cash Equivalents

  Held for the benefit;
     LandAmerica Financial Group, Inc.             $76,660,000
     Underwriters                                   10,362,000
     Retained subsidiaries                           6,356,000
                                               ---------------
        Opening Cash                                93,378,000
                                               ---------------
Cash Receipts
  Collections received for the benefit of;
     Underwriters                                   32,624,000
     Retained subsidiaries                          12,763,000

  Payment reimbursements by;
     Underwriters                                   30,914,000
     Retained subsidiaries                          17,331,000

  Proceeds from sale of the Underwriting
  businesses;
     LandAmerica Financial Group, Inc.                       0
     Retained subsidiaries                                   0

  Other Receipts                                       179,000
                                               ---------------
     Total Receipts                                 93,811,000
                                               ---------------
Cash Disbursements
  Related to LandAmerica Financial
  Group, Inc.
     Rent and other occupancy costs                    440,000
     Insurance                                         745,000
     Leases                                            236,000
     Payables                                          123,000
     Bankruptcy Professional Fees                      110,000
     Other                                                   0
                                               ---------------
        Total                                        1,655,000

  Payments made for the benefit of;
     Underwriters                                   64,091,000
     Retained subsidiaries                          24,340,000
                                               ---------------
     Total Disbursements                            90,087,000

Net Cash Flow                                        3,724,000
                                               ---------------
Ending Cash and Cash Equivalents                   $97,102,000
                                               ===============

Ending Cash and Cash Equivalents

  Held for the benefit;
     LandAmerica Financial Group, Inc.             $75,184,000
     Underwriters                                    9,809,000
     Retained Subsidiaries                          12,109,000
                                               ---------------
     Total                                         $97,102,000
                                               ===============

                    About LandAmerica Financial

LandAmerica Financial Group, Inc., is a leading provider of real
estate transaction services with offices nationwide and a vast
network of active agents.  LandAmerica serves its agent,
residential, commercial and lender customers throughout the
United States, Mexico, Canada, the Caribbean, Latin America,
Europe, and Asia.

LandAmerica Financial Group and its affiliate LandAmerica 1031
Exchange Services, Inc., filed for Chapter 11 protection
November 26, 2008 (Bankr. E.D. Va. Lead Case No. 08-35994).
Dion W. Hayes, Esq., and John H. Maddock III, Esq., at
McGuireWoods LLP, are the Debtors' bankruptcy counsel.

In its bankruptcy petition, LFG listed total assets of
$3,325,100,000, and total debts of $2,839,800,000 as of
September 30, 2008.

Bankruptcy Creditors' Service, Inc., publishes LandAmerica
Bankruptcy News.  The newsletter tracks the chapter 11 proceeding
undertaken by LandAmerica Financial and its affiliate LandAmerica
1031 Exchange Services, Inc. (http://bankrupt.com/newsstand/or
215/945-7000)


LEXINGTON PRECISION: Posts $1,069,000 Net Loss in January 2009
--------------------------------------------------------------
Lexington Precision Corp. and Lexington Rubber Group, Inc., filed
with the U.S. Bankruptcy Court for the Southern District of New
York their monthly operating report for the month of January 2009.

The Debtors reported a net loss of $1,069,000 on net sales of
$4,620,000 for the month of January 2009.

At January 31, 2009, the Debtors had total assets of $52,322,000,
total liabilities of $99,970,000, and a stockholders' deficit of
$47,648,000.

A full-text copy of the Debtor's monthly operating report for the
month of January 2009, is available at:

   http://bankrupt.com/misc/LexingtonPrecisionJanuary2009MOR.pdf

                     About Lexington Precision

Headquartered in New York, Lexington Precision Corp.
-- http://www.lexingtonprecision.com/-- manufactures tight-
tolerance rubber and metal components for use in medical,
automotive, and industrial applications.  As of Feb. 29, 2008, the
Company employed about 651 regular and 22 temporary personnel.

The Company and its affiliate, Lexington Rubber Group Inc., filed
for Chapter 11 protection on April 1, 2008 (Bankr. S.D.N.Y. Lead
Case No.08-11153).  Christopher J. Marcus, Esq., and Victoria
Vron, Esq., at Weil, Gotshal & Manges, represent the Debtors in
their restructuring efforts.  The Debtors selected Epiq Systems -
Bankruptcy Solutions LLC as claims agent.  The U.S. Trustee for
Region 2 appointed six creditors to serve on an Official Committee
of Unsecured Creditors.  Paul N. Silverstein, Esq., and Jonathan
Levine, Esq., at Andrews Kurth LLP, represent the Committee as
counsel.

At December 31, 2008, the Debtors had total assets of $53,354,000,
total liabilities of $100,061,000, and a stockholders' deficit of
$46,707,000.


MASONITE INTERNATIONAL: Files Balance Sheet as of June 30, 2008
---------------------------------------------------------------

                   Masonite International, Inc.
              Unaudited Consolidated Balance Sheet
                      As of June 30, 2008

                              ASSETS

Cash and cash equivalents                          $241,400,000
Accounts receivable                                 348,200,000
Inventories                                         296,500,000
Prepaid expenses                                     20,700,000
Assets held for sale                                  5,300,000
Income taxes recoverable                              1,800,000
Current future income taxes                          36,000,000
                                                 --------------
                                                    950,000,000

Property, plant and equipment                       786,200,000
Goodwill and other intangible assets                524,400,000
Other assets                                         19,300,000
Long-term future income taxes                        19,100,000
                                                 --------------
                                                  1,348,900,000
                                                 --------------
Total Assets                                     $2,298,900,000
                                                 ==============

               LIABILITIES AND SHAREHOLDER'S EQUITY

Bank indebtedness                                  $355,300,000
Accounts payable and accrued expenses               337,600,000
Income taxes payable                                 16,100,000
Current future income taxes                           2,000,000
Debt due on demand                                1,909,600,000
Current portion of debt                               9,700,000
                                                 --------------
                                                  2,630,400,000

Debt                                                  1,800,000
Long-term future income taxes                        98,300,000
Other long-term liabilities                          36,000,000
                                                 --------------
                                                  2,766,600,000

Non-controlling interest                             28,200,000

Share capital                                       567,200,000
Contributed surplus                                   7,700,000
Deficit                                          (1,123,200,000)
Accumulated other comprehensive income               52,500,000
                                                 --------------
                                                   (495,900,000)
                                                 --------------
Total liabilities & shareholders' equity         $2,298,900,000
                                                 ==============

Masonite International, Inc., said it has total assets of
$1,527,495,443 and total debts of $2,641,590,842 as of
January 31, 2009.

                   About Masonite International

Based in Ontario, Canada, Masonite International Corporation --
http://www.masonite.com/-- (TSE:MHM) is a vertically integrated
producer, manufacturing key components of doors, including
composite molded and veneer door facings, glass door lites and cut
stock.  The company provides these products to its customers in
more than 70 countries around the world.  The company is a wholly
owned subsidiary of Masonite International Inc.  It offers a range
of interior and exterior doors.  Masonite Canada operates Masonite
International's Canadian subsidiaries, well as certain other non-
United States subsidiaries.

Masonite International, Inc., and six affiliates filed petitions
on March 16, 2009, before the Ontario Superior Court of Justice
(Commercial List) under the Companies' Creditors Arrangement Act.
The Honorable Justice Campbell presides over the CCAA proceedings.
Derrick Tay and Orestes Pasparakis at Ernst & Young, Inc. serve as
monitor.  Jay A. Carfagnini, Esq., and Brian F. Emprey, Esq., at
Goodmans LLP in Toronto, serve as the Applicants' counsel.

Masonite Corporation, based in Tampa, Florida, and several U.S.
affiliates filed for Chapter 11 bankruptcy protection on the same
day (Bankr. D. Del. Case No. 09-10844).  Judge Peter J. Walsh
handles the cases.  Richard M. Cieri, Esq., Jonathan S. Henes,
Esq., and Christopher J. Marcus, Esq., at Kirkland & Ellis LLP;
and Daniel J. DeFranceschi, Esq., Jason M. Madron, Esq., and
Katisha D. Fortune, Esq., at Richards, Layton & Finger, P.A.,
serve as bankruptcy counsel.  The Debtors' Investment Banker and
Financial Advisor is Perella Wenberg Partners LLP; the Debtors'
Restructuring Advisors is Alvarez & Marsal North American LLC; and
the Debtors' Claims Agent is Kurtzman Carson Consultants LLC.

As of January 31, 2009, the Debtors had total assets of
$1,527,495,443 and total debts of $2,641,590,842.

The Debtors filed with the Bankruptcy Court a pre-negotiated
reorganization plan together with their petitions.  The Plan
provides that Masonite's existing senior secured obligations will
be converted on a pro rata basis subject to the election of each
existing holder of Senior Secured Obligations into: (i) a new
first-priority senior secured term loan; (ii) a new second-
priority senior secured PIK loan; and (iii) 97.5% of the common
equity of the reorganized Masonite.  Holders of Masonite's
existing senior subordinated notes will be allocated 2.5% of the
common equity in the reorganized Masonite plus warrants for 17.5%
of the common stock of the reorganized Company, subject to
dilution under certain conditions.  Holders of Class 5 General
Unsecured Claims under the Plan will be unimpaired and is expected
to recover 100% under the Plan.

Bankruptcy Creditors' Service, Inc., publishes Masonite Bankruptcy
News.  The newsletter tracks the CCAA proceedings in Canada and
parallel chapter 11 proceedings in Delaware undertaken by company
and its various affiliates.  http://bankrupt.com/newsstand/or
215/945-7000)


POWERMATE CORP: Jan. 31 Balance Sheet Upside-Down by $67.6 Million
------------------------------------------------------------------
Powermate Corporation posted a net loss of $2,091,253 on zero
revenues for the month ended January 31, 2009.

At January 31, 2009, Powermate Corporation had $17,386,967 in
total assets, $85,021,531 in total liabilities, and $67,634,564 in
stockholders' deficit.

A full-text copy of Powermate Corporation's January 2009 monthly
operating report is available at:

    http://bankrupt.com/misc/PowermateCorp.January2009MOR.pdf

                       About Powermate Corp.

Headquartered in Aurora, Illinois, Powermate Corp. --
http://www.powermate.com/-- manufactures portable and home
standby generators, air compressors, and pressure washers.
Powermate Holding Corp. is the parent of Powermate Corp.  In
turn, Powermate Corp. owns 100% of Powermate International Inc.
Powermate Corp. operates the company's assets located in the
United States.  Powermate International has sales employees in
Hong Kong and the Philippines.  Powermate Holding has no
employees or operations.  Sun Capital Partners bought 95% of
Powermate in 2004.

Powermate Holding has two other non-debtor subsidiaries,
Powermate Canadian Corp., located in Canada and Powermate S. de
R.L. de C.V., which is domiciled in Mexico.

The three companies filed for Chapter 11 protection on March 17,
2008 (Bankr. D. Del. Lead Case No.08-10498).  Neil Herman, Esq.,
at Morgan, Lewis & Bokius, represents the Debtors as counsel.
Kenneth Enos, Esq., and Michael Nestor, Esq., at Young, Conaway,
Stargatt & Taylor, represent the Debtors as local counsel.  Monika
J. Machen, Esq., at Sonnenschein Nath Rosenthal LLP, represents
the Official Committee of Unsecured Creditors as counsel.
Charlene D. Davis, Esq., Eric M. Sutty, Esq., Daniel A. O'Brien,
Esq., at Bayard P.A., represent the Creditors Committee as local
counsel.

In schedules filed with the Court, the Debtors listed total assets
of and debts of over $69 million and $144 million, respectively.


POWERMATE CORP: Holding Posts $2,091,253 Net Loss in January 2009
-----------------------------------------------------------------
Powermate Holding Corp. posted a net loss of $2,091,253 on zero
revenues for the month ended January 31, 2009.

At January 31, 2009, Powermate Holding had $14,581,100 in total
assets, $87,257,347 in total liabilities, and $72,676,247 in
stockholders' deficit.

A full-text copy of Powermate Holding Corp.'s January 2009 monthly
operating report is available at:

   http://bankrupt.com/misc/PowermateHoldingJanuary2009MOR.pdf

                       About Powermate Corp.

Headquartered in Aurora, Illinois, Powermate Corp. --
http://www.powermate.com/-- manufactures portable and home
standby generators, air compressors, and pressure washers.
Powermate Holding Corp. is the parent of Powermate Corp.  In
turn, Powermate Corp. owns 100% of Powermate International Inc.
Powermate Corp. operates the company's assets located in the
United States.  Powermate International has sales employees in
Hong Kong and the Philippines.  Powermate Holding has no
employees or operations.  Sun Capital Partners bought 95% of
Powermate in 2004.

Powermate Holding has two other non-debtor subsidiaries,
Powermate Canadian Corp., located in Canada and Powermate S. de
R.L. de C.V., which is domiciled in Mexico.

The three companies filed for Chapter 11 protection on March 17,
2008 (Bankr. D. Del. Lead Case No.08-10498).  Neil Herman, Esq.,
at Morgan, Lewis & Bokius, represents the Debtors as counsel.
Kenneth Enos, Esq., and Michael Nestor, Esq., at Young, Conaway,
Stargatt & Taylor, represent the Debtors as local counsel.  Monika
J. Machen, Esq., at Sonnenschein Nath Rosenthal LLP, represents
the Official Committee of Unsecured Creditors as counsel.
Charlene D. Davis, Esq., Eric M. Sutty, Esq., Daniel A. O'Brien,
Esq., at Bayard P.A., represent the Creditors Committee as local
counsel.

In schedules filed with the Court, the Debtors listed total assets
of and debts of over $69 million and $144 million, respectively.


POWERMATE CORP: International Files January Operating Report
------------------------------------------------------------
Powermate International Corp. had zero income on zero revenue for
the month ended January 31, 2009.

At January 31, 2009, Powermate International had $607,544 in total
assets, $110,420 in total liabilities, and $497,124 in net
stockholders' equity.

A full-text copy of Powermate International's January 2009 monthly
operating report is available at:

  http://bankrupt.com/misc/PowerInternationalJanuary2009MOR.pdf

                       About Powermate Corp.

Headquartered in Aurora, Illinois, Powermate Corp. --
http://www.powermate.com/-- manufactures portable and home
standby generators, air compressors, and pressure washers.
Powermate Holding Corp. is the parent of Powermate Corp.  In
turn, Powermate Corp. owns 100% of Powermate International Inc.
Powermate Corp. operates the company's assets located in the
United States.  Powermate International has sales employees in
Hong Kong and the Philippines.  Powermate Holding has no
employees or operations.  Sun Capital Partners bought 95% of
Powermate in 2004.

Powermate Holding has two other non-debtor subsidiaries,
Powermate Canadian Corp., located in Canada and Powermate S. de
R.L. de C.V., which is domiciled in Mexico.

The three companies filed for Chapter 11 protection on March 17,
2008 (Bankr. D. Del. Lead Case No.08-10498).  Neil Herman, Esq.,
at Morgan, Lewis & Bokius, represents the Debtors as counsel.
Kenneth Enos, Esq., and Michael Nestor, Esq., at Young, Conaway,
Stargatt & Taylor, represent the Debtors as local counsel.  Monika
J. Machen, Esq., at Sonnenschein Nath Rosenthal LLP, represents
the Official Committee of Unsecured Creditors as counsel.
Charlene D. Davis, Esq., Eric M. Sutty, Esq., Daniel A. O'Brien,
Esq., at Bayard P.A., represent the Creditors Committee as local
counsel.

In schedules filed with the Court, the Debtors listed total assets
of and debts of over $69 million and $144 million, respectively.


REFCO INC: REFCO LLC's Monthly Operating Report for January 2009
----------------------------------------------------------------
Albert Togut, the Chapter 7 Trustee overseeing the liquidation of
Refco, LLC's estate, filed with the U.S. Bankruptcy Court for the
Southern District of New York a monthly statement of cash receipts
and disbursements for the period from January 1 to 31, 2009.

The Chapter 7 Trustee reports that Refco LLC's beginning balance
in its Money Market account with JPMorgan Chase Bank, N.A.,
totaled $80,257,000 as of January 1.

During the Reporting Period, Refco LLC received $24,000 in
interest income.  It reported transfers, aggregating $10,000, on
account of cleared checks as of December 2008.  The Debtor held
$79,642,000 at the end of the period.

                          Refco, LLC
          Schedule of Cash Receipts and Disbursements
      Through JPMorgan Money Market and Checking Accounts
              January 1 through January 31, 2009

Beginning Balance, January 1, 2009                   $80,257,000

RECEIPTS
Interest Income                                           24,000
Sale of Assets                                                 0
Marshalling of Excess Capital                                  0
Man Financial - Excess Capital return                          0
Membership and Clearing Deposits                               0
Other Receivables                                              0
                                                   -------------
   TOTAL RECEIPTS                                         24,000

TRANSFERS
Money Market Account to checking account                       0
December 2008 cleared checks                             (10,000)
                                                   -------------
   TOTAL TRANSFERS                                       (10,000)

DISBURSEMENTS
Operating expenses & other disbursements                  10,000
Executory contract cure payments                               0
Pursuant to payment stipulation                                0
Purchase price escrow deposit                                  0
Expected account escrow fund                                   0
Membership & clearing deposits                                 0
Payment on account of prepetition claims                 152,000
Other disbursements                                            0

Reorganization Expenses
Attorney fees                                           203,000
Trustee bond premium                                          0
Other professional fees                                 264,000
                                                   -------------
   TOTAL DISBURSEMENTS                                   629,000
                                                   -------------
Ending Balance, January 30, 2009                     $79,642,000
                                                   =============

Headquartered in New York, Refco Inc. -- http://www.refco.com/
-- is a diversified financial services organization with
operations in 14 countries and an extensive global institutional
and retail client base.  Refco's worldwide subsidiaries are
members of principal U.S. and international exchanges, and are
among the most active members of futures exchanges in Chicago,
New York, London and Singapore.  In addition to its futures
brokerage activities, Refco is a major broker of cash market
products, including foreign exchange, foreign exchange options,
government securities, domestic and international equities,
emerging market debt, and OTC financial and commodity products.
Refco is one of the largest global clearing firms for
derivatives.  The company has operations in Bermuda.

The company and 23 of its affiliates filed for Chapter 11
protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006).
J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts.
Milbank, Tweed, Hadley & McCloy LLP, represents the Official
Committee of Unsecured Creditors.  Refco reported US$16.5 billion
in assets and US$16.8 billion in debts to the Bankruptcy Court on
the first day of its Chapter 11 cases.

The Court confirmed the Modified Joint Chapter 11 Plan of
Refco Inc. and certain of its Direct and Indirect Subsidiaries,
including Refco Capital Markets, Ltd., and Refco F/X Associates,
LLC, on Dec. 15, 2006.  That Plan became effective on Dec. 26,
2006.

Pursuant to the plan, RJM, LLC, was named plan administrator to
reorganized Refco, Inc. and its affiliates, and Marc S. Kirschner
as plan administrator to Refco Capital Markets, Ltd.  (Refco
Bankruptcy News; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


RITZ CAMERA: Files Initial Monthly Operating Report
---------------------------------------------------
Ritz Camera Centers Inc. filed an initial monthly operating report
with the U.S. Bankruptcy Court on March 9, 2009.

A full-text copy of Ritz Camera's initial monthly operating report
is available at:

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

                 About Ritz Camera Centers Inc

Headquartered in Beltsville, Maryland, Ritz Camera Centers Inc. --
http://www.ritzcamera.com-- sells digital cameras and
accessories, and electronic products.  The company filed for
Chapter 11 protection on February 22, 2009 (Bankr. D. Del. Case
No. 09-10617).  Karen M. McKinley, Esq., and Norman L. Pernick,
Esq., at Cole Scholtz Meisel Forman Leonard, P.A., represent the
Debtor in its restructuring efforts.  The Debtor proposed Thomas &
Libowitz PA as corporate counsel; FTI Consulting Inc. t/a FTI
Palladium Partners as financial advisor; and Kurtzman Carson
Consultants LLC as claims agent.  When the Debtor filed for
protection from its creditors, it listed assets and debts between
$100 million and $500 million.


SHARPER IMAGE: Files Monthly Operating Report for January 2009
--------------------------------------------------------------

                      Sharper Image Corp.
                         Balance Sheet
                    As of January 31, 2009

ASSETS

Current assets:
  Unrestricted Cash and Equivalents                 $5,221,125
  Restricted Cash and Equivalents                            -
  Trade Accounts Receivable, net                       240,315
  Other Accounts Receivable (Credit cards etc.)        126,539
  Other Accounts Receivable (Subject to set-off
    against AP and accrued liabilities)              2,847,267
  Notes Receivable                                           -
  Inventories                                                -
  Prepaid Expenses                                   1,220,007
  Professional Retainers                                     -
  Deferred Income Taxes/Prepaid Income Taxes        17,013,260
  Debit balances in AP                               1,018,659
                                                  ------------
Total current assets                                27,687,172

Property and Equipment:
  Real Property and Improvements                             -
  Machinery and Equipment                                    -
  Furniture, Fixtures and Office Equipment                   -
  Leasehold Improvements                                     -
  Vehicles                                                   -
  Work In Progress                                           -
  Less: Accumulated Depreciation                             -
                                                 -------------
Total Property and Equipment                                  -

Other assets:
  Loans to Insiders                                          -
  Other Assets                                       5,716,367
                                                 -------------
Total Assets                                       $33,403,539
                                                 =============

LIABILITIES AND OWNER'S EQUITY

Liabilities not subject to Compromise (Post)
  Accounts Payable                                 ($7,618,181)
  Taxes Payable                                       (823,788)
  Wages Payable                                              -
  Notes Payable                                              -
  Rent/Leases - Building/Equipment                           -
  Secured Debt - Line of credit                              -
  Other Reserves                                             -
  Liquidation (GOB Sales) Clearing Account                   -
  Amounts Due to Insiders                                    -
  Accrual for Unpaid Professional Fees                (544,000)
  Licensing advances received postpetition            (975,000)
  Other Postpetition Liabilities                             -
                                                  ------------
Total Postpetition Liabilities                      (9,960,969)

Liabilities not subject to Compromise (Pre)
  Secured Debt - Line of credit                              -
  Secured Debt - Other                                       -
  Priority Debt                                              -
  Unsecured Debt (Accounts Payable)                (47,461,185)
  Expense Accruals and Other Liabilities            (2,765,935)
  Short Term Liabilities                            (3,554,215)
  Deferred (GAAP) rent/landlord allowances etc        (526,174)
  Deferred Tax (Liability)/Asset                    91,920,506
  Deferred Revenue (Gift cards and Royalties)      (33,789,666)
  Other Reserves and allowances                     (2,870,595)
                                                  ------------
Total Prepetition Liabilities                          952,735
                                                  ------------
Total Liabilities                                   (9,008,234)

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                  29,046,015
                                                  ------------
Net Owner's Equity                                 (24,395,305)
                                                  ------------
Total Liabilities and Owner's Equity              ($33,403,539)
                                                  ============

                      Sharper Image Corp.
                    Statement of Operations
              For Month Ended January 31, 2009

Revenues:
  Gross Revenues                                    $54,485,184
  Less: Returns and Allowances                                -
                                                  -------------
  Net Revenue                                        54,485,184

Cost of Goods Sold:
  Cost of Goods Sold                                 72,667,942
                                                  -------------
  Gross Profit                                      (18,182,758)

Operating Expenses:
  Advertising                                                 -
  Auto and Truck Expense                                      -
  Bad Debts                                               3,638
  Contributions                                               -
  Employee Benefit Programs                                   -
  Insider Compensations                                       -
  Insurance                                              94,152
  Management Fees/Bonuses                                     -
  Office Expense                                              -
  Pension & Profit-Sharing Plans                              -
  Repairs and Maintenance                                53,182
  Rent and Lease Expense                                 23,382
  Salaries/Commissions/Fees                              31,667
  Supplies                                                    -
  Taxes- Payroll                                          4,708
  Taxes- Real Estate                                          -
  Taxes- Other                                           55,299
  Travel and Entertainment                               (5,008)
  Utilities                                              17,911
  Other                                                  47,160
                                                  -------------
  Total Operating Expense Before Depr.                  326,090

  Depreciation/Depletion/Amortization                         -
                                                  -------------
  Net Profit (Loss)
    Before Other Income & Expenses                  (18,508,848)

Other Income and Expenses:
  Licensing Income                                            -
  Interest Income                                           766
                                                   ------------
  Net Profit (Loss)                                 (18,508,082)
  before reorganization items

Reorganization Items:
  Professional Fees                                     336,667
  US Trustee Quarterly Fees                               9,250
  Interest Earned on Accm Case                                -
  Loss(Gain) from sale of assets                              -
  Other Reorganization Expense                      (29,401,224)
                                                  -------------
  Total Reorganization Expenses                     (29,055,308)
                                                  -------------
  Net Profit (Loss)
    Before Income Taxes (Benefit)                    10,547,226
  Income Taxes (Benefit)                                112,779
                                                  -------------
  Net Profit (Loss)                                 $10,434,447
                                                  =============

                      Sharper Image Corp.
                    Statement of Cash Flows
               For Month Ended January 31, 2009

Opening Balance                                      $5,569,904

Receipts
  Cash Sales (from stores)                                    -
  Credit Card Settlements                                     -
  Other Settlements                                           -
  Accounts Receivable                                     1,034
  Sale of Assets                                              -
  Interest/Dividend Income                                  473
  Tax Refunds Received                                   14,047
  Collections from vendors                              200,303
  Mail Order/License Deposits, Other Deposits           187,242
                                                  -------------
  Total Receipts                                        403,099

Transfers
  Line of Credit Draw/Pay Down                                -
  Transfers from stores to deposit a/c - sweep                -
  Transfers from concentration to refunds                     -
  Transfers from concentration to payroll                     -
  Other Inter-account transfers                               -
  Transfers from Concentration to Disbursement                -
                                                  -------------
  Total Transfers                                             -
                                                  -------------
  Total Receipts & Transfers                            403,099

Disbursements
  Liquidator Reimbursements                                   -
  Net Payroll                                            19,504
  Payroll Taxes                                          15,395
  401k                                                        -
  Employee Benefits                                         264
  Sales, Use & Other Taxes                                  632
  Inventory Purchases                                         -
  Secured/Rental/Leases                                       -
  Insurance                                               1,276
  Administrative                                         11,664
  Selling                                                     -
  Bank/Credit Card Fees/Sales audit adjs                  5,218
  Refund checks issued (net of stop payments)                16
  Other                                                       -
  Customs/Duties/Freight                                      -
  Interest and LC fees                                        -
  Professional Fees                                     488,160
  US Trustee Quarterly Fees                               9,750
  Court Costs                                                 -
                                                  -------------
  Total Disbursements                                   551,878
                                                  -------------
Net Cash Flow                                          $148,779
                                                  =============

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


SPANSION INC: Files Initial Monthly Operating Report
----------------------------------------------------
Spansion Inc., filed with the Court an initial monthly operating
report on March 16, 2009.  The Initial Report incorporated a 13-
week cash flow projection for the period from March 8 through
May 31, 2009.

The Debtors estimate that for the period ending May 31, 2009:

-- cash inflow is $383,400,000;
-- cash outflow is $381,400,000;
-- weekly net cash inflow is $2,000,000; and
-- ending cash balance is $48,600,000.

The Debtors also disclose the retainers paid to professionals
prior to the Petition Date:

                                            Approximate
  Professional                                  Balance
  ------------                              -----------
  Latham & Watkins LLP                      $1,297,772
  McKinsey & Company, Inc.                   1,050,000
  KPMG LLP                                     780,000
  Baker & McKenzie LLP                         213,876
  Brincko Associates Inc.                      124,637
  Duane Morris LLP                             111,529
  Gordian Group LLC                             29,464
  Sitrick and Company Inc.                       7,217
  Epiq Bankruptcy Solutions, LLC                     0
  Brown Rudnick LLP                                  0
  Wilson Sonsini Goodrich & Rosati, PC               0
  Houlihan Lokey                               unknown
  Bialson, Bergen & Schwab                     unknown
  Kirkpatrick & Lockhart LLP                   unknown
  Barclays Capital                             unknown

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

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

                          About Spansion

Spansion Inc. (NASDAQ: SPSN) -- http://www.spansion.com-- is a
Flash memory solutions provider, dedicated to enabling, storing
and protecting digital content in wireless, automotive, networking
and consumer electronics applications. Spansion, previously a
joint venture of AMD and Fujitsu, is the largest company in
the world dedicated exclusively to designing, developing,
manufacturing, marketing, selling and licensing Flash memory
solutions.

Spansion Inc. and four affiliates filed voluntary petitions for
Chapter 11 on March 1, 2009 (Bankr. D. Del. Lead Case No.
09-10690).  Michael S. Lurey, Esq., Gregory O. Lunt, Esq., and
Kimberly A. Posin, Esq., at Latham & Watkins LLP, have been tapped
as bankruptcy counsel.  Michael R. Lastowski, Esq., at Duane
Morris LLP, is the Delaware counsel.  Epiq Bankruptcy Solutions
LLC, is the claims agent.  As of Sept. 30, 2008, Spansion
disclosed total assets of $3,840,000,000, and total debts of
$2,398,000,000.

(Spansion Bankruptcy News, Issue No. 4; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000)


TRIBUNE COMPANY: Files Operating Report for Month Ended February 1
------------------------------------------------------------------

                     Tribune Company, et al.
                Condensed Combined Balance Sheet
                     As of February 1, 2009

ASSETS
Current Assets:
  Cash and cash equivalents                       $789,954,000
  Accounts receivable, net                          81,774,000
  Inventories                                       36,266,000
  Broadcast rights                                 223,920,000
  Prepaid expenses and other                        85,789,000
                                               ---------------
Total current assets                             1,217,703,000

Property, plant and equipment, net               1,361,517,000

Other Assets:
  Broadcast rights                                 183,878,000
  Goodwill & other tangible assets               3,164,764,000
  Prepaid pension costs                                      0
  Investments in non-debtor units                1,125,528,000
  Other investments                                 16,152,000
  Intercompany receivables from
     non-debtors                                 4,905,813,000
  Other                                            102,438,000
                                               ---------------
Total Assets                                  $12,077,793,000
                                               ===============

LIABILITIES & SHAREHOLDERS' EQUITY

Current Liabilities:
  Accounts payable, accrued expenses
     and other                                    $244,414,000
                                               ---------------
Total current liabilities                          244,414,000

Pension obligations                                205,499,000
Other obligations                                  269,804,000
                                               ---------------
Total Liabilities                                  719,717,000

Liabilities Subject to Compromise:
  Intercompany payables to
     non-debtors                                 4,565,344,000
  Obligations to third parties                  13,979,073,000
                                               ---------------
Total Liabilities Subject to Compromise         18,544,417,000
Shareholders' Equity (Deficit)                  (7,186,341,000)
                                               ---------------
Total Liabilities & Shareholders' Equity       $12,077,793,000
                                               ===============

                     Tribune Company, et al.
           Condensed Combined Statement of Operations
        For the Period Dec. 29, 2008 through Feb. 1, 2009

Total Revenue                                     $287,234,000
Operating Expenses:
  Cost of sales                                    174,053,000
  Selling, general and administrative               99,697,000
  Depreciation                                      16,440,000
  Amortization of intangible assets                  1,769,000
                                                --------------
Total operating assets                             291,959,000

Operating Loss                                      (4,725,000)

Net loss on equity investments                        (506,000)
Interest income, net                                23,499,000
Management fee                                      (1,174,000)
Non-operating loss, net                             (3,355,000)
                                                --------------
Loss before income taxes and
  reorganization costs                              13,739,000
Reorganization costs                                (8,075,000)
                                                --------------
Income (Loss) before income taxes                    5,664,000
Income taxes                                           247,000
                                                --------------
Net loss                                            $5,911,000
                                                ==============

                    Tribune Company, et al.
             Combined Schedule of Operating Cash Flow
       For the Period Dec. 29, 2008 through Feb. 1, 2009

Beginning Cash Balance                            $554,632,000

Cash Receipts:
  Operating receipts                               348,926,000
  Other                                                      0
                                                --------------
Total Cash Receipts                                348,926,000

Cash Disbursements
  Compensation and benefits                        108,607,000
  General disbursements                             97,478,000
  Reorganization, interest & fees                            0
                                                --------------
Total Disbursements                                206,085,000

Debtors' Net Cash Flow                             142,841,000

From/(To) Non-Debtors                               61,305,000
                                                --------------
Net Cash Flow                                      204,146,000
Other                                               (5,357,000)
                                                --------------
Ending Available Cash Balance                     $753,421,000
                                                ==============

                         About Tribune Co.

Headquartered in Chicago, Illinois, Tribune Company --
http://www.tribune.com/-- is a media company, operating
businesses in publishing, interactive and broadcasting, including
ten daily newspapers and commuter tabloids, 23 television
stations, WGN America, WGN-AM and the Chicago Cubs baseball
team. The company and 110 of its affiliates filed for Chapter 11
protection on December 8, 2008 (Bankr. D. Del. Lead Case No.
08-13141). The Debtors proposed Sidley Austion LLP as their
counsel; Cole, Schotz, Meisel, Forman & Leonard, PA, as Delaware
counsel; Lazard Ltd. and Alvarez & Marsal North Americal LLC as
financial advisors; and Epiq Bankruptcy Solutions LLC as claims
agent. As of Dec. 8, 2008, the Debtors have $7,604,195,000 in
total assets and $12,972,541,148 in total debts.

Bankruptcy Creditors' Service, Inc., publishes Tribune
Bankruptcy News.  The newsletter tracks the chapter 11 proceeding
undertaken by Tribune Company and its various affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


WCI COMMUNITIES: Posts Net Loss of $18.8 Million in December 2008
-----------------------------------------------------------------
WCI Communities, Inc., and certain of its subsidiaries filed with
the U.S. Bankruptcy Court for the Southern District of New York
on February 11, 2009, their monthly operating report for the month
ended December 31, 2008.

WCI Communities, Inc., et al., reported a consolidated net loss of
$18.8 million on revenue of $36.0 million for the month ended
December 31, 2008.

At December 31, 2008, the Debtors had total assets of
$1.59 billion, total liabilities of $1.96 billion, minority
interests of $26.6 million, and stockholders' deficit of
$403.4 million.

The Debtors' consolidated schedule of receipts and disbursements
for the month ended December 31, 2008, discloses:

     Total Cash Receipts        $64,199,769

     Total Cash Disbursement    $46,037,481

     Net Receipts               $18,162,288

A full-text copy of the Debtors' monthly operating report for the
month ended December 31, 2008, is available at:

   http://bankrupt.com/misc/WCICommunities.December2008MOR.pdf

                      About WCI Communities

Headquartered in Bonita Springs, Florida, WCI Communities, Inc. --
http://www.wcicommunities.com/-- is a fully integrated
homebuilding and real estate services company.  It has operations
in Florida, New York, New Jersey, Connecticut, Massachusetts,
Virginia and Maryland.  The company directly employs roughly 1,800
people, as well as roughly 1,800 sales representatives as
independent contract employees.

The company and 126 of its affiliates filed for Chapter 11
protection on Aug. 4, 2008 (Bankr. D. Del. Lead Case No. 08-11643
through 08-11770).  Thomas E. Lauria, Esq., Frank L. Eaton, Esq.,
Linda M. Leali, Esq., at White & Case LLP, in Miami, Florida.
Eric Michael Sutty, Esq., and Jeffrey M. Schlerf, Esq., at Bayard,
P.A, are the Debtors' local bankruptcy counsel.  Lazard Freres &
Co. represents the Debtors as financial advisors.  The Debtors
selected Epiq Bankruptcy Solutions LLC as their claims & notice
agent.  The U.S. Trustee for Region 3 appointed five creditors to
serve on an Official Committee of Unsecured Creditors.  Daniel H.
Golden, Esq., Lisa Beckerman, Esq., and Philip C. Dublin, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, and Laura Davis Jones,
Esq., Michael R. Seidl, Esq., and Timothy P. Cairns, Esq., at
Pachulski Stang Ziehl & Jones LLP, represent the Committee in
these cases.  When the Debtors filed for protection from their
creditors, they listed total assets of $2,178,179,000 and total
debts of $1,915,034,000.


WCI COMMUNITIES: Posts $18.8 Million Net Loss in January 2009
-------------------------------------------------------------
WCI Communities, Inc., and certain of its subsidiaries filed with
the U.S. Bankruptcy Court for the Southern District of New York
on March 12, 2009, their monthly operating report for the month
ended January 31, 2009.

WCI Communities, Inc., et al., reported a consolidated net loss of
$18.8 million on revenue of $27.9 million for the month ended
January 31, 2009.

At January 31, 2009, the Debtors had total assets of
$1.57 billion, total liabilities of $1.97 billion, minority
interests of $26.7 million, and stockholders' deficit of
$423.4 million.

The Debtors' consolidated schedule of receipts and disbursements
for the month ended January 31, 2009, discloses:

     Total Cash Receipts        $33,496,672

     Total Cash Disbursement    $39,678,342

     Net Disbursements           $6,181,670

A full-text copy of the Debtors' monthly operating report for the
month ended January 31, 2009, is available at:

    http://bankrupt.com/misc/WCICommunities.January2009MOR.pdf

                      About WCI Communities

Headquartered in Bonita Springs, Florida, WCI Communities, Inc. --
http://www.wcicommunities.com/-- is a fully integrated
homebuilding and real estate services company.  It has operations
in Florida, New York, New Jersey, Connecticut, Massachusetts,
Virginia and Maryland.  The company directly employs roughly 1,800
people, as well as roughly 1,800 sales representatives as
independent contract employees.

The company and 126 of its affiliates filed for Chapter 11
protection on Aug. 4, 2008 (Bankr. D. Del. Lead Case No. 08-11643
through 08-11770).  Thomas E. Lauria, Esq., Frank L. Eaton, Esq.,
Linda M. Leali, Esq., at White & Case LLP, in Miami, Florida.
Eric Michael Sutty, Esq., and Jeffrey M. Schlerf, Esq., at Bayard,
P.A, are the Debtors' local bankruptcy counsel.  Lazard Freres &
Co. represents the Debtors as financial advisors.  The Debtors
selected Epiq Bankruptcy Solutions LLC as their claims & notice
agent.  The U.S. Trustee for Region 3 appointed five creditors to
serve on an Official Committee of Unsecured Creditors.  Daniel H.
Golden, Esq., Lisa Beckerman, Esq., and Philip C. Dublin, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, and Laura Davis Jones,
Esq., Michael R. Seidl, Esq., and Timothy P. Cairns, Esq., at
Pachulski Stang Ziehl & Jones LLP, represent the Committee in
these cases.  When the Debtors filed for protection from their
creditors, they listed total assets of $2,178,179,000 and total
debts of $1,915,034,000.



                            *********

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.

The Sunday TCR delivers securitization rating news from the week
then-ending.

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,
Sheryl Joy P. Olano, Carlo Fernandez, Christopher G. Patalinghug,
and Peter A. Chapman, Editors.

Copyright 2009.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
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re-mailing and photocopying) is strictly prohibited without prior
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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
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                   *** End of Transmission ***