TCR_Public/090509.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, May 9, 2009, Vol. 13, No. 127

                            Headlines



BEARINGPOINT: Posts $18.9MM Net Loss in Month Ended February 28
BEARINGPOINT INC: Posts $11.1 Million Net Loss in March 2009
FOAMEX INTERNATIONAL: Files Initial Monthly Operating Report
LINENS 'N THINGS: Posts $58.6MM Net Loss from Jan. 4 to Jan. 31
MAGNA ENTERTAINMENT: Files Initial Monthly Operating Report

MERISANT WORLDWIDE: Posts $10.7 Million Net Loss in March 2009
MUZAK HOLDINGS: Posts $2.4MM Net Loss From Feb. 10 to Feb. 28
MUZAK HOLDINGS: Posts $6.7MM Net Loss From Feb. 10 to March 31
PAPER INTERNATIONAL: Posts $299,880 Net Loss in March 2009
PFF BANCORP: Posts $116,981 Net Loss in Month ended March 31

PLIANT CORP: Files Operating Report for Month Ended March 31
PRECISION PARTS: Posts $2.6 Million in Month Ended February 28
SPECTRUM BRANDS: Files Monthly Operating Report -- Ended March 29
TARRAGON CORP: Posts $8,629,209 Net Loss in Month Ended March 31
TROPICANA ENTERTAINMENT: Monthly Operating Report for March 2009

US ENERGY: Files Operating Report for Month Ended March 31
US ENERGY: GBGH LLC Files Monthly Operating Report for March 2009
US ENERGY: USEB Files Monthly Operating Report for March 2009
US ENERGY: USOI Files Monthly Operating Report for March 2009
VERASUN ENERGY: Posts $5,074,000 Net Loss in March 2009

WASHINGTON MUTUAL: Posts $15.5 Million Net Loss in March 2009
YOUNG BROADCASTING: Posts $2.2 MM Net Loss from Feb. 14 to Feb. 28
YOUNG BROADCASTING: Posts $1.4 Million Net Loss in March 2009



                            *********

BEARINGPOINT: Posts $18.9MM Net Loss in Month Ended February 28
---------------------------------------------------------------
On April 30, 2009, BearingPoint, Inc., and certain of its domestic
U.S. subsidiaries filed their unaudited monthly operating report
for the period from February 18, 2009, through February 28, 2009,
with the United States Bankruptcy Court for the Southern District
of New York.

BearingPoint reported a net loss before affiliate earnings (loss)
of $18.9 million on revenue of $134.6 million for the month of
February 2009.

At February 28, 2009, BearingPoint had $1.2 billion in total
assets and $2.2 million in total liabilities.

A full-text copy of the Debtors' monthly operating report for the
period from February 18, 2009, to February 28, 2009, is available
at http://researcharchives.com/t/s?3c97

                      About BearingPoint

BearingPoint, Inc. -- http://www.BearingPoint.com-- is currently
one of the world's largest providers of management and technology
consulting services to Global 2000 companies and government
organizations in more than 60 countries worldwide.  Based in
McLean, Va., BearingPoint -- a former consulting arm of KPMG LLP
-- has approximately 15,000 employees focusing on the Public
Services, Commercial Services and Financial Services industries.
BearingPoint professionals have built a reputation for knowing
what it takes to help clients achieve their goals, and working
closely with them to get the job done.  The Company's service
offerings are designed to help clients generate revenue, increase
cost-effectiveness, manage regulatory compliance, integrate
information and transition to "next-generation" technology.

BearingPoint, Inc., fka KPMG Consulting, Inc., together with its
units, filed for Chapter 11 on February 18, 2009 (Bankr. S.D.
N.Y., Case No. 09-10691).  Alfredo R. Perez, Esq., at Weil Gotshal
& Manges LLP, has been tapped as counsel.  Greenhill & Co., LLC,
and AP Services LLC, have also been tapped as advisors.  Davis
Polk & Wardell is special corporate counsel.  BearingPoint
disclosed total assets of $1,762,689,000, and debts of
$2,231,839,000 as of September 30, 2008.

Contemporaneous with their bankruptcy petitions, the Debtors filed
a pre-packaged Joint Plan of Reorganization under Chapter to
implement the terms of their agreement with the secured lenders.
Under the Plan, the Debtors propose to exchange general unsecured
claims for equity in the reorganized company.  Existing
shareholders are out of the money.  The Plan and the explanatory
disclosure statement remain subject to approval by the Bankruptcy
Court.


BEARINGPOINT INC: Posts $11.1 Million Net Loss in March 2009
------------------------------------------------------------
On April 30, 2009, BearingPoint, Inc., and certain of its domestic
U.S. subsidiaries filed their unaudited monthly operating report
for the month ended March 31, 2009, with the United States
Bankruptcy Court for the Southern District of New York.

BearingPoint reported a net loss before affiliate earnings (loss)
of $11.1 million on revenue of $140.0 million.

At March 31, 2009, BearingPoint had $1.2 billion in total assets
and $2.2 million in total liabilities.

A full-text copy of the Debtors' monthly operating report for
March 2009 is available at:

               http://researcharchives.com/t/s?3c7c

                      About BearingPoint

BearingPoint, Inc. -- http://www.BearingPoint.com-- is currently
one of the world's largest providers of management and technology
consulting services to Global 2000 companies and government
organizations in more than 60 countries worldwide.  Based in
McLean, Va., BearingPoint -- a former consulting arm of KPMG LLP
-- has approximately 15,000 employees focusing on the Public
Services, Commercial Services and Financial Services industries.
BearingPoint professionals have built a reputation for knowing
what it takes to help clients achieve their goals, and working
closely with them to get the job done.  The Company's service
offerings are designed to help clients generate revenue, increase
cost-effectiveness, manage regulatory compliance, integrate
information and transition to "next-generation" technology.

BearingPoint, Inc., fka KPMG Consulting, Inc., together with its
units, filed for Chapter 11 on February 18, 2009 (Bankr. S.D.
N.Y., Case No. 09-10691).  Alfredo R. Perez, Esq., at Weil Gotshal
& Manges LLP, has been tapped as counsel.  Greenhill & Co., LLC,
and AP Services LLC, have also been tapped as advisors.  Davis
Polk & Wardell is special corporate counsel.  BearingPoint
disclosed total assets of $1,762,689,000, and debts of
$2,231,839,000 as of September 30, 2008.

Contemporaneous with their bankruptcy petitions, the Debtors filed
a pre-packaged Joint Plan of Reorganization under Chapter to
implement the terms of their agreement with the secured lenders.
Under the Plan, the Debtors propose to exchange general unsecured
claims for equity in the reorganized company.  Existing
shareholders are out of the money.  The Plan and the explanatory
disclosure statement remain subject to approval by the Bankruptcy
Court.


FOAMEX INTERNATIONAL: Files Initial Monthly Operating Report
------------------------------------------------------------
On May 5, 2009, Foamex International Inc. filed a monthly
operating report for the reporting period ended March 29, 2009,
with the United States Bankruptcy Court for the District of
Delaware.

Foamex International and debtor subsidiaries reported a net loss
of $37.3 million on net sales of $63.8 million for the period from
February 18, 2009, through March 29, 2009.

At March 29, 2009, the Debtors had $258.3 million in total assets,
$585.9 million in total liabilities, $9.1 million in preferred
stock, and a stockholders' deficit of $336.7 million.

A full-text copy of the monthly operating report is available for
free at http://researcharchives.com/t/s?3ca4

                    About Foamex International

Foamex International Inc. (FMXL) -- http://www.foamex.com/--
headquartered in Media, PA, produces polyurethane foam-based
solutions and specialty comfort products.  The Company services
the bedding, furniture, carpet cushion and automotive markets and
also manufactures high-performance polymers for diverse
applications in the industrial, aerospace, defense, electronics
and computer industries.

Foamex and eight affiliates first filed for Chapter 11 protection
on September 19, 2005 (Bankr. Del. Case Nos. 05-12685 through 05-
12693).  On February 2, 2007, the U.S. Bankruptcy Court for the
District of Delaware confirmed the Debtors' reorganization plan.
The Plan became effective and the Company emerged from Chapter 11
bankruptcy on February 12, 2007.

Foamex missed $7.3 million in interest payments due at the end of
the January 21 grace periods on the Company's $325 million first-
lien term loan and the $47 million second-lien term loan.

On February 18, 2009, Foamex International Inc. and seven
affiliates filed separate voluntary Chapter 11 petitions (Bankr.
D. Del. Lead Case No. 09-10560).  The Hon. Kevin J. Carey presides
over the cases.  Ira S. Dizengoff, Esq., Phillip M. Abelson, Esq.,
and Brian D. Geldert, Esq., at Akin Gump Strauss Hauer, in New
York, represent the Debtors as counsel.  Mark E. Felger, Esq., and
Jeffrey R. Waxman, Esq., at Cozen O'Connor, in Wilmington,
Delaware, represent the Debtors as Delaware counsel.  Investment
Banker is Houlihan Lokey; accountant is McGladrey & Pullen LLP;
and claims and noticing agent is Epiq Bankruptcy Solutions LLC.
Sharon L. Levine, Esq., at Lowenstein Sandler, represents the
Official Committee of Unsecured Creditors as counsel.  David M.
Fournier, Esq., Evelyn J. Meltze, Esq., and Leigh-Anne M. Raport,
Esq., at Pepper Hamilton LLP, represent the Committee as Delaware
counsel.  As of September 28, 2008, the Debtors had $363,821,000
in total assets, and $379,710,000 in total debts.


LINENS 'N THINGS: Posts $58.6MM Net Loss from Jan. 4 to Jan. 31
---------------------------------------------------------------
On April 23, 2009, Linens Holding Co. and each of its direct and
indirect subsidiaries, including Linens 'n Things, Inc., and
Linens 'n Things Center, Inc., filed with the U.S. Bankruptcy
Court for the District of Delaware their monthly operating report
for the fiscal month January 4, 2009, through January 31, 2009.

For the fiscal month January 4, 2009, through January 31, 2009,
the Debtors reported a net loss after reorganization items of
$58.6 million on zero revenues.  Cumulative filing to date net
loss after reorganization items was $385.3 million on gross
revenues of $653.1 million.

As of January 31, 2009, the Debtors had $467.0 million in total
assets and $796.7 million in total liabilities.

A full-text copy of the monthly operating report is available at:

               http://researcharchives.com/t/s?3c93

Headquartered in Clifton, New Jersey, Linens 'n Things, Inc. --
http://www.lnt.com/-- was the second largest specialty retailer
of home textiles, housewares and home accessories in North
America. As of Sept. 30, 2008, Linens 'n Things operated 411
stores in 47 states and seven provinces across the United States
and Canada.  Linens 'n Things was acquired by private
equity firm Apollo Management in 2006.

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

Mark D. Collins, Esq., John H. Knight, Esq., and Jason M. Madron,
Esq., at Richards, Layton & Finger, P.A., are Linens 'n Things'
bankruptcy counsel.  The Debtors' special corporate counsel are
Holland N. O'Neil, Esq., Ronald M. Gaswirth, Esq., Stephen A.
McCaretin, Esq., Randall G. Ray, Esq., and Michael S. Haynes,
Esq., at Morgan, Lewis & Bockius, LLP.  The Debtors' restructuring
management services provider is Conway Del Genio Gries & Co., LLC.
The Debtors' CRO and Interim CEO is Michael F. Gries, co-founder
of Conways Del Genio Gries & Co., LLC. The Debtors' claims agent
is Kurtzman Carson Consultants, LLC. The Debtors' consultants are
Asset Disposition Advisors, LLC, and Protivit, Inc. The Debtors'
investment bankers are Financo, Inc., and Genuity Capital Markets.

Pursuant to the court order entered on October 16, 2008, Linens
Holding Co. is in the process of liquidating the entire Linens 'n
Things retail chain.  (Bankruptcy News About Linens 'n Things;
Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/
or 215/945-7000).


MAGNA ENTERTAINMENT: Files Initial Monthly Operating Report
-----------------------------------------------------------
On April 30, 2009, Magna Entertainment Corp. and several of its
other direct and indirect U.S. subsidiaries filed their monthly
operating report for the period from March 5, 2009, to March 29,
2009, with the United States Bankruptcy Court for the District of
Delaware.

Magna Entertainment reported a net loss of $10,539,056 on zero
revenues for the period from March 5, 2009, to March 29, 2009,

At March 29, 2009, the Company had $1,045,776,825 in total assets,
$465,473,784 in total liabilities, and $580,303,041 in net owner
equity.

A full-text copy of the monthly operating report is available for
free at http://researcharchives.com/t/s?3c9e

Based in Aurora, Ontario, Magna Entertainment Corp. is North
America's largest owner and operator of horse racetracks, based on
revenue.  The Company develops, owns and operates horse racetracks
and related pari-mutuel wagering operations, including off-track
betting facilities.  MEC also develops, owns and operates casinos
in conjunction with its racetracks where permitted by law.

MEC owns and operates AmTote International, Inc., a provider of
totalisator services to the pari-mutuel industry, XpressBet(R), a
national Internet and telephone account wagering system, as well
as MagnaBet(TM) internationally.  Pursuant to joint ventures, MEC
has a fifty percent interest in HorseRacing TV(R), a 24-hour horse
racing television network, and TrackNet Media Group LLC, a content
management company formed for distribution of the full breadth of
MEC's horse racing content.

As of December 31, 2008, the Company had total assets of
$1,049,387,000 and total debts of $958,591,000.

Following its failure to meet obligations to lenders led by PNC
Bank, National Association, and Wells Fargo Bank, National
Association, and controlling shareholder MI Developments Inc.'s
decision not to provide further financial backing, Magna
Entertainment Corp. and 24 affiliates filed for Chapter 11 on
March 5, 2009 (Bankr. D. Del., Lead Case No. 09-10720).

Marcia L. Goldstein, Esq., and Brian S. Rosen, Esq., at Weil,
Gotshal & Manges LLP, have been engaged as bankruptcy counsel.
L. Katherine Good, Esq., and Mark D. Collins, Esq., at Richards,
Layton & Finger, P.A., are the Debtors' local counsel.  Miller
Buckfire & Co. LLC, has been tapped as financial advisor and
Kurtzman Carson Consultants LLC, as claims agent.


MERISANT WORLDWIDE: Posts $10.7 Million Net Loss in March 2009
--------------------------------------------------------------
Merisant Worldwide Inc., et al., filed with the U.S. Bankruptcy
Court for the District of Delaware on April 30, 2009, a monthly
operating report for the month ended March 31, 2009.

At March 31, 2009, the Debtors had total assets of $306,011,000,
total liabilities of $737,544,000, and stockholders' deficit of
$431,532,000.

For the period, the Debtors reported a consolidated net loss of
$10,708,413.  Consolidated net sales was $22,889,629.

A full-text copy of the Debtors' monthly operating report for
March 2009 is available at:

        http://bankrupt.com/misc/Merisant.March2009MOR.pdf

Headquartered in Chicago, Illinois, Merisant Worldwide Inc. --
http://www.merisant.com/-- sells low-calorie tabletop sweetener.
The Debtor's brands are Equal(R) and Canderel(R).  The Debtor has
principal regional offices in Mexico City, Mexico; Neuchatel,
Switzerland; Paris, France; and Singapore.   In addition, the
Debtor owns and operates manufacturing facilities in Manteno,
Illinois, and Zarate, Argentina, and own processing lines that are
operated exclusively for the Debtor at plants located in Bergisch
and Stendal, Germany and Bangkrason, Thailand.

As of March 28, 2008, the Debtor has 20 active direct and indirect
subsidiaries, including five subsidiaries in the United States,
six subsidiaries in Europe, five subsidiaries in Mexico, Central
America and South America, and three subsidiaries in the Asia
Pacific region, including Australia and India.  Furthermore, the
Debtor's Swiss subsidiary holds a 50% interest in a joint
venture in the Philippines.  Merisant Worldwide holds 100%
interest in Merisant Company.

Merisant Worldwide and five of its units filed for Chapter 11
protection on January 9, 2009 (Bankr. D. Del. Lead Case No. 09-
10059).  Sidley Austin LLP represents the Debtors in their
restructuring efforts.  Young, Conaway, Stargatt & Taylor LLP
represents the Debtors' as co-counsel.  Blackstone Advisory
Services LLP is the Debtors' financial advisor.  Epiq Bankruptcy
Solutions, LLC is the Debtors' Claims and Noticing Agent.  Winston
& Strawn LLP represents the Official Committee of Unsecured
Creditors as counsel.  Ashby & Geddes, P.A. is the Committee's
Delaware counsel.  The Debtors have $331,077,041 in total assets
and $560,742,486 in total debts as of Nov. 30, 2008.


MUZAK HOLDINGS: Posts $2.4MM Net Loss From Feb. 10 to Feb. 28
-------------------------------------------------------------
Muzak Holdings LLC filed with the U.S. Bankruptcy Court for the
District of Delaware on April 30, 2009, a monthly operating report
for the month ended February 28, 2009.

Muzak Holdings reported a net loss of $361,462 before
reorganization items for the period from February 10, 2009,
through February 28, 2009.  Net loss for the period was
$2.4 million.  Revenues were $14.3 million.

At February 28, 2009, Muzak Holdings had $317.7 million in total
assets and $506.3 million in total liabilities.

A full-text copy of the Debtors' monthly operating report for the
month ended February 28, 2009, is available at:

        http://bankrupt.com/misc/Muzak.February2009MOR.pdf

                     About Muzak Holdings LLC

Headquartered in Fort Mill, South Carolina, Muzak Holdings LLC --
http://www.muzak.com-- creates a variety of music programming
from a catalog of over 2.6 million songs and produces targeted
custom in-store and on-hold messaging.  Through its national
service and support network, Muzak designs and installs
professional sound systems, digital signage, drive-thru systems,
commercial television and more.

The Company and 14 affiliates filed for Chapter 11 protection on
February 10, 2009 (Bankr. D. Del., Lead Case No. 09-10422).
Moelis & Company is serving as financial advisor to the Company.
Kirkland & Ellis LLP is the Debtor's counsel.  Klehr Harrison
Harvey Branzburg & Ellers has been tapped as local counsel.  In
its bankruptcy petition, the Company estimated assets and debts of
$100 million to $500 million each.


MUZAK HOLDINGS: Posts $6.7MM Net Loss From Feb. 10 to March 31
--------------------------------------------------------------
Muzak Holdings LLC filed with the U.S. Bankruptcy Court for the
District of Delaware on April 30, 2009, a monthly operating report
for the month ended March 31, 2009.

Muzak Holdings reported a net loss of $3.2 million loss before
reorganization items for the period from February 10, 2009,
through March 31, 2009.  Net loss for the period was $6.7 million.
Revenues were $32.4 million.

At March 31, 2009, Muzak Holdings had $318.8 million in total
assets and $510.2 million in total liabilities.

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

         http://bankrupt.com/misc/Muzak.March2009MOR.pdf

                     About Muzak Holdings LLC

Headquartered in Fort Mill, South Carolina, Muzak Holdings LLC --
http://www.muzak.com-- creates a variety of music programming
from a catalog of over 2.6 million songs and produces targeted
custom in-store and on-hold messaging.  Through its national
service and support network, Muzak designs and installs
professional sound systems, digital signage, drive-thru systems,
commercial television and more.

The Company and 14 affiliates filed for Chapter 11 protection on
February 10, 2009 (Bankr. D. Del., Lead Case No. 09-10422).
Moelis & Company is serving as financial advisor to the Company.
Kirkland & Ellis LLP is the Debtor's counsel.  Klehr Harrison
Harvey Branzburg & Ellers has been tapped as local counsel.  In
its bankruptcy petition, the Company estimated assets and debts of
$100 million to $500 million each.


PAPER INTERNATIONAL: Posts $299,880 Net Loss in March 2009
----------------------------------------------------------
Paper International, Inc., and Fiber Management of Texas, Inc.,
filed with the U.S. Bankruptcy Court for the Southern District of
New York on April 20, 2009, a monthly operating report for the
month ended March 31, 2009.

For the month of March 2009, the Debtors reported a net loss of
$299,880 on zero revenues.  Cumulative filing to date net loss was
$2,107,362 on zero revenues.

At March 31, 2009, the Debtors had $123,365,705 in total assets,
$552,348,876 in total liabilities, and $428,983,171 in
stockholders' deficit.

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

       http://bankrupt.com/misc/PaperInt'l.March2009MOR.pdf

Headquartered in Prewitt, New Mexico, Paper International, Inc.
-- http://www.internationalpaper.com/-- is the wholly-owned
direct subsidiary of Corporacion Durango, S.A.B. de C.V., a
corporation organized under the laws of Mexico, which maintains
its principal place of business in Durango, Mexico.  The Debtor
currently owns 100% of the equity shares in Fiber Management of
Texas, Inc., a corporation organized under the laws of Texas, as
well as 100% of the equity shares in non-debtor Durango McKinley
Paper Company, a New Mexico company.  Paper International is a
holding company which has no employees, no operations, and whose
primary assets are its ownership interests in Durango McKinley and
Fiber Management.

Before August 2008, Fiber Management's primary business was the
procurement of paper materials to manufacture recycled paper
products for use by Durango McKinley and other paper manufacturing
affiliates of Corporacion Durango located in Mexico.  In August
2008, Fiber Management ceased procuring fiber and began winding up
all of its business operations.

The Company and Fiber Management filed for Chapter 11 protection
on October 6, 2008 (Bankr. S.D. N.Y. Lead Case No.08-13917).
Larren M. Nashelsky, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP, represent the Debtors as counsel.  Eric
Kate Mautner, Esq., at Bingham McCutchen LLP, represents the
Official Committee of Unsecured Creditors as counsel.  APS
Services, LLC, serves as the Debtors' crisis managers.  The
Debtors designated Meade Monger, a managing director of
AlixPartners, LLP, an affiliate of AP Services, as its chief
restructuring officer.  The Court appointed Kurtzman Carson
Consultants, LLC, as claims agent in the Debtors' bankruptcy case.


PFF BANCORP: Posts $116,981 Net Loss in Month ended March 31
------------------------------------------------------------
On April 27, 2009, PFF Bancorp, Inc., and its debtor-affiliates
filed their monthly operating reports for the month ended
March 31, 2009, with the U.S. Bankruptcy Court for the
District of Delaware.

PFF Bancorp reported a net loss of $116,981 on total income of
$10,563 for the month of March 2009.  Net Loss for the period from
December 5, 2008, to March 31, 2009, was $335,479 on total income
of $10,563.

At March 31, 2009, PFF Bancorp had total assets of
$159.7 million, total liabilities of $117.4 million, and total
equity of $42.3 million.

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

               http://researcharchives.com/t/s?3c96

PFF Bancorp Inc. -- http://www.pffbank.com/-- was a non-
diversified unitary savings and loan holding company within the
meaning of the Home Owners' Loan Act with headquarters formerly
located in Rancho Cucamonga, California.  Bancorp is the direct
parent of each of the remaining Debtors.

Prior to filing for bankruptcy, Bancorp was also the direct parent
of PFF Bank & Trust, a federally chartered savings institution,
and said bank's subsidiaries.

PFF Bancorp Inc. and its affiliates sought Chapter 11 protection
on Dec. 5, 2008 (Bankr. D. Del. Case No. 08-13127 to 08-13131).
Chun I. Jang, Esq., and Paul N. Heath, Esq., at Richards, Layton &
Finger, P.A., represent the Debtors in their restructuring
efforts.  Kurtzman Carson Consultants LLC serves as the Debtors'
claims agent.

At February 28, 2009, PFF Bancorp had total assets of
$159,857,902, total liabilities of $117,430,056, and total equity
of $42,427,846.


PLIANT CORP: Files Operating Report for Month Ended March 31
------------------------------------------------------------
Pliant Corporation and its affiliated debtors filed with the U.S.
Bankruptcy Court for the District of Delaware on May 4, 2009, a
monthly operating report for the month ended March 31, 2009.

The Debtors reported a year to date net loss of $22.8 million on
net sales of $217.8 million.  Year to date operating loss was
$2.4 million.

The Debtor reported total assets of $492.0 million as of March 31,
2009.

A copy of the Debtors' monthly operating report for the month
ended March 31, 2009, is available at:

         http://bankrupt.com/misc/Pliant.March2009MOR.pdf

                        About Pliant Corp.

Headquartered in Schaumburg, Illinois, Pliant Corporation produces
polymer-based films and flexible packaging products for food,
beverage, personal care, medical, agricultural and industrial
applications.  The Company has operations in Australia, New
Zealand, Germany, and Mexico.

The Debtor and 10 of its affiliates filed for Chapter 11
protection on January 3, 2006 (Bankr. D. Del. Lead Case No.
06-10001).  James F. Conlan, Esq., at Sidley Austin LLP, and Edmon
L. Morton, Esq., and Robert S. Brady, Esq., at Young, Conaway,
Stargatt & Taylor, represented the Debtors in their restructuring
efforts.  The Debtors tapped McMillan Binch Mendelsohn LLP, as
Canadian counsel.  As of September 30, 2005, the Company had
$604.3 million in total assets and $1.19 billion in total debts.
The Debtors emerged from Chapter 11 on July 19, 2006.

Pliant Corp. and its affiliates again filed for Chapter 11 after
reaching terms of a pre-packaged restructuring plan.  The
voluntary petitions were filed Feb. 11, 2009 (Bank. D. Del. Case
Nos. 09-10443 through 09-10451).  The Hon. Mary F. Walrath
presides over the cases.  Jessica C.K. Boelter, Esq., at Sidley
Austin LLP, in Chicago, Illinois, and Edmon L. Morton, Esq., at
Robert S. Brady, Esq., at Young Conaway Stargatt & Taylor, LLP, in
Wilmington, Delaware, provide bankruptcy counsel to the Debtors.
Epiq Bankruptcy Solutions LLC acts as claims and noticing agent.
The U.S. Trustee for Region 3 appointed five creditors to serve on
an Official Committee of Unsecured Creditors.  The Committee
selected Lowenstein Sandler PC as its counsel.  As of
September 30, 2008, the Debtors had $688.6 million in total assets
and $1.03 billion in total debts.


PRECISION PARTS: Posts $2.6 Million in Month Ended February 28
--------------------------------------------------------------
Precision Parts International Services Corp., et al., filed with
the U.S. Bankruptcy Court for the District of Delaware on
April 23, 2009, a monthly operating report for the month ended
February 28, 2009.

The Debtors reported a net loss of $2.6 million on net sales of
$10.2 million for the month of February 2009.  Cumulative filing
to date net loss was $5.0 million on net sales of $22.7 million.

At February 28, 2009, the Debtors had total assets of
$109.2 million and total liabilities of $211.3 million.

A full-text copy of the Debtors' monthly operating report for the
month of February 2009 is available for free at:

           http://bankrupt.com/misc/PPI.FebruaryMOR.pdf

Headquartered in Rochester Hills, Michigan, Precision Parts
International Services Corp. -- http://www.precisionparts.com/--
sells products to major north American automotive and non-
automotive original equipment manufacturers and Tier 1 and 2
suppliers.  The Debtors operate six manufacturing facilities
throughout north America, including a facility in Mexico operated
on the Debtors' behalf by Intermex Manufactura de Chihuahua under
a shelter and logistics agreement.

The Debtors' operations consist of two distinct lines of business:
MPI, which performs fineblanking work and conventional metal
stamping, as well as a range of value-added finishing operations,
and Skill which performs conventional metal stamping, as well as a
range of assembly and value-added finishing operations.

Four of the Debtors are holding companies that have no employees
and are not involved in the Debtors' day-to-day operations: PPI
Holdings, Inc.; PPI Sub-Holdings, Inc.; MPI International
Holdings, Inc.; and Skill Tool & Die Holdings Corp.

The Company and eight of its affiliates filed for Chapter 11
protection on Dec. 12, 2008 (Bankr. D. Del. Lead Case No.
08-13289).  David M. Fournier, Esq., at Pepper Hamilton LLP; and
Robert S. Hertzberg, Esq., and Deborah Kovsky-Apap, Esq., at
Pepper Hamilton LLP, represent the Debtors in their restructuring
efforts.  The Debtors proposed Alvarez & Marsal North America LLC
as financial advisor and Kurtzman Carson Consultants LLC as
notice, claims and balloting agent.  When the Debtors filed for
protection from their creditors, they listed assets of between
$100 million to $500 million each.


SPECTRUM BRANDS: Files Monthly Operating Report -- Ended March 29
-----------------------------------------------------------------

                    Spectrum Brands, Inc.
                  Consolidated Balance Sheet
                     As of March 29, 2009

Cash and cash equivalents                            $5,829,772
Net trade receivables                               153,949,906
Intercompany receivables                                     (1)
Other trade receivables - calc                        9,019,119
Net inventories                                     419,438,931
Assets held for sale                                    316,225
Prepaid expenses & other                             28,880,943
Total deferred tax assets - current                   9,191,068
                                                  -------------
Total current assets                                624,605,963

Net Property, Plant & Equipment                      93,239,397
Long-term receivable                                    110,624
Long-term receivable - intercompany                          (0)
Total deferred tax assets - L/T                               -
Deferred charges - other                              6,818,425
Debt issuance costs                                  20,143,851
Investments - partially owned co.                       793,110
Miscellaneous - other assets                          8,560,087
                                                 --------------
Deferred charges and other, net                      36,426,098
Goodwill                                             60,976,962
Intangible assets - other                           500,489,287
Investments - consolidated co.                               (0)
Investments in subsidiaries                                  (0)
                                                 --------------
Total assets                                     $1,315,737,707
                                                 ==============

Current Liabilities:
Total current debt                                 $169,245,480
Accounts payable - intercompany                               -
Total accounts payable                              126,382,327
Accrued wages & benefits                             25,444,602
Accrued taxes O/T Inc. Payroll                        2,804,784
Accrued interest payable                             65,883,757
Current deferred tax liabilities                              -
Income taxes payable                                    138,984
Other accrued expenses                               31,809,833
Accrued special charges                              32,271,172
                                                 --------------
Total current liabilities                           453,960,938

Long term debt intercompany                                   -
Total long term debt                              2,400,702,459
Total employee benefit obligations                    5,948,804
Total deferred tax liabilities                      134,279,944
Other long-term liabilities                          10,253,646
Minority interest                                             -
Corporate control                                             -
Other liabilities                                             -
                                                 --------------
Total liabilities                                $3,005,145,791
                                                 ==============
Total equity                                     (1,689,408,084)
                                                 --------------
Total liabilities and equity                     $1,315,737,707
                                                 ==============

                     Spectrum Brands, Inc.
             Statement of Income from Operations
            For the period ending March 29, 2009

Net Sales                                          $140,716,777
Cost of goods sold                                  100,930,222
Restructuring and related charges                    (4,360,871)
                                                   ------------
Gross profit                                         44,147,426

Operating expenses:
Selling                                              18,840,980
General and Administrative                            6,681,659
Research and development                              2,046,059
Restructuring and related charges                     3,401,248
Goodwill and intangibles impairment                           -
                                                   ------------
Total operating expenses                             30,969,946

Operating income                                     13,177,482

Interest expense                                      4,958,498
Other income, net                                    (1,811,555)
                                                   ------------
Income from continuing operations
before income taxes                                 10,030,538

Income tax expense                                       50,854
                                                   ------------
Income from continuing operations                     9,979,685

Loss from discontinued operations, net                      714

Reorganization items                                 21,310,843
                                                   ------------
Net (loss)/income                                  ($11,331,873)
                                                   ============

                      Spectrum Brands, Inc.
                Cash Receipts and Disbursements
             For the period ending March 29, 2009

Cash, beginning of month                             $4,930,463
Receipts:
Cash sales                                                    0
Collections of Accounts receivable                   45,922,519
Loans & advances                                    122,755,589
Sale of assets                                                -
Other                                                77,175,409
                                                 --------------
Total receipts                                      245,853,518
                                                 --------------
Disbursements:
Net payroll                                           4,276,802
Payroll taxes paid                                    2,459,692
Sales, use & other taxes paid                            22,389
Secured/rental/leases                                   763,247
Utilities & telephone                                   249,973
Insurance                                               299,152
Inventory purchases                                  31,417,161
Vehicle expenses                                              0
Travel & entertainment                                  384,679
Repairs, maintenance & supplies                         438,820
Administrative & selling                              1,876,220
Adequate protection payment(s)                                0
Other                                               205,158,916
                                                  -------------
Total disbursements from operations                $247,347,056

Professional fees                                             -
U.S. Trustee fees                                             -
Other reorganization expenses                           650,103

Total Disbursements                                $247,997,159
                                                  -------------
Net cash flow                                        (2,143,640)

Cash - end of month                                  $2,786,822
                                                  =============

                      About Spectrum Brands

Based in Cibolo, Texas, Spectrum Brands, Inc. --
http://www.spectrumbrands.com/-- supplies consumer batteries,
lawn and garden care products, specialty pet supplies, shaving and
grooming products, household insect control products, personal
care products, and portable lighting.  Spectrum Brands' business
is operated in three reportable segments: (a) Global Batteries and
Personal Car; (b) Global Pet Supplies; and (c) Home and Garden.
Spectrum Brands has roughly 5,960 employees worldwide, with about
2,700 of those employees working within the United States.  In
addition, Spectrum Brands holds a 50% interest in a domestic
entity; minority interests (less than 25% each) in a domestic
entity and a foreign entity; a limited partnership interest in a
foreign entity; and a 100% interest in a foreign trust.

Spectrum Brands, Inc., and 13 subsidiaries filed separate
Chapter 11 petitions on February 3, 2009 (Bankr. W.D. Tex. Lead
Case No. 09-50455).  The Hon. Ronald B. King presides over the
cases.  D. J. Baker, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, in New York; Harry A. Perrin, Esq., and D. Bobbitt Noel, Jr.,
Esq., at Vinson & Elkins LLP, in Houston, Texas; and William B.
Kingman, Esq., in San Antonio, serve as the Debtors' counsel.
Sutherland Asbill & Brennan LLP acts as special counsel; Perella
Weinberg Partners LP, as financial advisor; Deloitte Tax LLP as
tax consultant; and Logan & Company Inc. as claims and noticing
agent.  As of September 30, 2008, Spectrum Brands had
$2,247,479,000 in total assets and $3,274,717,000 in total
liabilities.

An official committee of equity security holders -- composed of
Mittleman Brothers, LLC, Ralston H. Coffin, Cookie Jar LLC and
the Peter and Karen Locke Living Trust -- was appointed by the
U.S. Trustee in Spectrum's bankruptcy cases on March 11, 2009.
The Equity Committee has tapped Alston & Bird LLP as its
bankruptcy counsel.

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


TARRAGON CORP: Posts $8,629,209 Net Loss in Month Ended March 31
----------------------------------------------------------------
On April 30, 2009, Tarragon Corporation filed its monthly
operating report for the month ended March 31, 2009, with the U.S.
Bankruptcy Court for the District of New Jersey.

At March 31, 2009, Tarragon Corporation's balance sheet showed
total assets of $387,834,323, total liabilities of $648,956,593,
and shareholders' deficit of $261,122,270.

The Debtor posted a net loss of $8,629,209 for the month of
March 2009.  Total revenue was $9,815.

A full-text copy of the Debtor's monthly operating report for the
month ended March 31, 2009, is available for free at:

      http://bankrupt.com/misc/TarragonCorp.March2009MOR.pdf

                    About Tarragon Corporation

Based in New York City, Tarragon Corporation (NasdaqGS:TARR) --
http://www.tarragoncorp.com/-- is a leading developer of
multifamily housing for rent and for sale.  Tarragon's operations
are concentrated in the Northeast, Florida, Texas, and Tennessee.

Tarragon and its affiliates filed for Chapter 11 protection on
January 12, 2009 (Bankr. D. N.J. Case No. 09-10555).  The Hon.
Donald H. Steckroth presides over the case.

Michael D. Sirota, Esq., Warren A. Usatine, Esq., and Felice R.
Yudkin, Esq., at Cole Schotz Meisel Forman & Leonard, P.A.,
represent the Debtor as bankruptcy counsel.  Kurztman Carson
Consultants LLC serves as notice and claims agent.  Daniel A.
Lowenthal, Esq., at Patterson Belknap Webb & Tyler, LLP, in New
York, represents the Official Committee of Unsecured Creditors
appointed in the case.  Tarragon has said equity holders are out
of the money with regard to its bankruptcy case.  As of
September 30, 2008, the Debtors had $840,688,000 in total assets
and $1,035,582,000 in total debts.


TROPICANA ENTERTAINMENT: Monthly Operating Report for March 2009
----------------------------------------------------------------

                  Tropicana Entertainment, LLC
                         Balance Sheet
                      As of March 31, 2009

                             ASSETS

Current Assets
Accounts receivable - trade                                $0
Cash & temporary cash investments                  18,507,000
Restricted cash                                             0
Deposits                                           13,386,000
Inventories                                                 0
Other receivables                                           0
Prepaid expenses                                      720,000
                                                --------------
Total Current Assets                                32,613,000

Property and Equipment
Buildings                                                   0
Construction in progress                                    0
Furniture & fixtures                                1,657,000
Land                                                        0
Riverboats, barges & ramps                                  0
Vehicles                                                    0
                                                --------------
Total Property and Equipment                         1,657,000

Reserve for Depreciation
Boats, barges & ramp reserve for depreciation               0
Building reserve for depreciation                           0
Furn. & fixtures reserve for depreciation             (28,000)
Gaming entertainment reserve for depreciation               0
Vehicle reserve for depreciation                            0
                                                --------------
Total Reserve for Depreciation                         (28,000)

Other Assets
Investments                                     2,775,215,000
Other assets                                        1,474,000
                                                --------------
Total Other Assets                               2,776,689,000
                                                --------------
TOTAL ASSETS                                    $2,810,931,000
                                                ==============

             LIABILITIES AND SHAREHOLDERS' DEFICIT

Current Liabilities
Accounts payable                                  $20,578,000
Accrued other expenses                                341,000
Accrued payroll                                       878,000
Deferred income                                             0
Notes payable - Evansville                                  0
Payroll taxes payable                                       0
Sales tax payable                                      23,000
Current portion of long-term debt due 1 Yr                  0
Amounts due to affiliated guarantors               27,100,000
                                                --------------
Total Current Liabilities                           48,920,000

Long Term Debt Due Beyond One Year
DIP financing                                      65,219,000
                                                --------------
Total Long Term Debt Due Beyond One Year            65,219,000

Other Liabilities
Deferred fed taxes                                          0
Deferred rent                                               0
Deferred state inc taxes                                    0
Intercompany                                       73,468,000
                                                --------------
Total Other Liabilities                             73,468,000

Total Liabilities not Subject to Compromise        187,608,000

Liabilities Subject to Compromise
Non-intercompany                                  839,108,000
Intercompany                                    1,591,961,000
                                                --------------
Total Liabilities Subject to Compromise          2,431,069,000
                                                --------------
Total Liabilities                                2,618,677,000

Total Stockholders' Equity                         192,254,000
                                                --------------
Total Liabilities & Shareholders' Deficit       $2,810,931,000
                                                ==============

                  Tropicana Entertainment, LLC
                        Income Statement
               For the Month Ended March 31, 2009

Operating Revenues
Casino revenue                                             $0
Rooms revenue                                               0
Food & beverage revenue                                     0
Other casino & hotel revenue - less int income          3,000
                                                --------------
Opening Revenues                                         3,000
Less promotional allowances                                  0
                                                --------------
Net Operating Revenues                                   3,000

Operating Expenses
Casino operating expenses                              27,000
Rooms operating expenses                                    0
Food and beverage operating expenses                        0
Other casino and hotel operating expenses                   0
Utilities                                                   0
Marketing, advertising and casino promotions                0
Repairs and maintenance                                65,000
Insurance                                              (5,000)
Property and local taxes                                    0
Gaming tax and licenses                                     0
Administrative and general                          1,864,000
Leased land and facilities                             46,000
Depreciation and amortization                          28,000
Loss on disposition of assets                               0
Bad debt expense - loans                                    0
Impairment charge                                           0
Restructuring cost                                          0
Chapter 11 reorg. & other prof. fees                3,566,000
                                                --------------
Total Operating Expense                              5,591,000

Income from Operations                              (5,588,000)

Other Income (Expense)
Interest expense                                   (1,508,000)
Intercompany interest income                                0
Intercompany interest expense                         (86,000)
                                                --------------
Total Other Income (Expense)                        (1,594,000)

Federal Income Tax                                           0

Income Before Minority Interest                     (7,182,000)
                                                --------------
NET INCOME                                         ($7,182,000)
                                                ==============

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

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

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

On April 29, 2009, Adamar of New Jersey, Inc., doing business as
Tropicana Casino and Resort, and its affiliate, Manchester Mall,
Inc., filed for Chapter 11 (Bankr. D. N.J. Lead Case No. 09-
20711).  Judge Judith H. Wizmur presides over the cases.  Adamar
and Manchester Mall or the New Jersey Debtors are both affiliates
of Tropicana Entertainment LLC.  Manchester Mall is a wholly owned
subsidiary of Adamar that owns and operates certain real property
utilized in the New Jersey Debtors' business operations.

The New Jersey Debtors own and operate one of the largest, and one
of the most established, destination casino resorts in Atlantic
City, New Jersey, known as Tropicana Casino and Resort - Atlantic
City, which ranks third in gaming positions among Atlantic City's
11 casino properties.  The New Jersey Debtors initiated the
Chapter 11 cases to effectuate a sale of substantially all their
assets in accordance with a mandate issued by the New Jersey
Casino Control Commission pursuant to the New Jersey Casino
Control Act.

Ilana Volkov, Esq., and Michael D. Sirota, Esq., at Cole, Schotz,
Meisel, Forman & Leonard, in Hackensack, New Jersey, represent the
New Jersey Debtors.  Kurtzman Carson Consultants LLC acts as their
claims and notice agent.  Adamar disclosed $500 million to
$1 billion both in total assets and debts in its petition.
Manchester Mall disclosed $1 million to $10 million in total
assets, and less than $50,000 in total debts in its petition.

Bankruptcy Creditors' Service, Inc., publishes Tropicana
Bankruptcy News.  The newsletter tracks the chapter 11
restructuring proceedings commenced by Tropicana Entertainment LLC
and its affiliates.  (http://bankrupt.com/newsstand/or
215/945-7000)


US ENERGY: Files Operating Report for Month Ended March 31
----------------------------------------------------------
U.S. Energy Systems, Inc., filed with the U.S. Bankruptcy Court
for the Southern District of New York on April 27, 2009, a monthly
operating for the month ended March 31, 2009.

For the month ended March 31, 2009, the Company reported net
income of $81,010 on total operating revenue of $100,000.

At March 31, 2009, the Company had $38,256,546 in total assets,
$9,398,560 in total liabilities, and $28,857,986 in stockholders'
equity.

A copy of the Company's monthly operating report for March 2009 is
available at http://bankrupt.com/misc/USEnergy.March2009MOR.pdf

Based in Avon, Connecticut, U.S. Energy Systems, Inc., (Pink
Sheets: USEY) -- http://www.usenergysystems.com/-- owns green
power and clean energy and resources.  USEY owns and operates
energy projects in the United States and United Kingdom that
generate electricity, thermal energy and gas production.  The
Company filed for Chapter 11 protection on January 9, 2008 (Bank.
S.D. N.Y. Case No. 08-10054).  Subsequently, 34 affiliates filed
separate Chapter 11 petitions.  Peter S. Partee, Esq., at
Hunton & Williams LLP, represents the Debtor in its restructuring
efforts.  Jefferies & Company, Inc., serves as the Company's
financial advisor.  The Debtor selected Epiq Bankruptcy Solutions
LLC as noticing, claims and balloting agent.  The Official
Committee of Unsecured Creditors has yet to be appointed in these
cases by the U.S. Trustee for Region 2.  When the Debtors filed
for protection from their creditors, they listed total assets of
$258,200,000 and total debts of $175,300,000.

On January 23, 2009, U.S. Energy Biogas Corp and eight of its
subsidiaries filed their respective voluntary petitions for relief
under chapter 11 of the United States Bankruptcy Code in the
United States Bankruptcy Court for the Southern District of New
York.  The USEB Debtors' cases are being jointly administered for
procedural purposes with the cases of the USEY Debtors.


US ENERGY: GBGH LLC Files Monthly Operating Report for March 2009
-----------------------------------------------------------------
GBGH, LLC filed with the U.S. Bankruptcy Court for the Southern
District of New York on April 27, 2009, a monthly operating for
the month ended March 31, 2009.

For the month ended March 31, 2009, the Company reported net
income of $14,125,567 on total operating revenue of $17,834,525.

At March 31, 2009, the Company had $117,029,624 in total assets,
$152,582,661 in total liabilities, and a members' deficit of
$35,553,037.

A copy of the Company's monthly operating report for March 2009 is
available at http://bankrupt.com/misc/GBGH.March2009MOR.pdf

Based in Avon, Connecticut, U.S. Energy Systems, Inc., (Pink
Sheets: USEY) -- http://www.usenergysystems.com/-- owns green
power and clean energy and resources.  USEY owns and operates
energy projects in the United States and United Kingdom that
generate electricity, thermal energy and gas production.  The
Company filed for Chapter 11 protection on January 9, 2008 (Bank.
S.D. N.Y. Case No. 08-10054).  Subsequently, 34 affiliates filed
separate Chapter 11 petitions.  Peter S. Partee, Esq., at
Hunton & Williams LLP, represents the Debtor in its restructuring
efforts.  Jefferies & Company, Inc., serves as the Company's
financial advisor.  The Debtor selected Epiq Bankruptcy Solutions
LLC as noticing, claims and balloting agent.  The Official
Committee of Unsecured Creditors has yet to be appointed in these
cases by the U.S. Trustee for Region 2.  When the Debtors filed
for protection from their creditors, they listed total assets of
$258,200,000 and total debts of $175,300,000.

On January 23, 2009, U.S. Energy Biogas Corp and eight of its
subsidiaries filed their respective voluntary petitions for relief
under chapter 11 of the United States Bankruptcy Code in the
United States Bankruptcy Court for the Southern District of New
York.  The USEB Debtors' cases are being jointly administered for
procedural purposes with the cases of the USEY Debtors.


US ENERGY: USEB Files Monthly Operating Report for March 2009
-------------------------------------------------------------
US Energy Biogas Corp. filed with the U.S. Bankruptcy Court for
the Southern District of New York on May 7, 2009, a monthly
operating for the month ended March 31, 2009.

For the month ended March 31, 2009, the Company reported net
income of $361,144 on net revenues of $800,000.

At March 31, 2009, the Company had $20,768,043 in total assets,
$88,296,949 in total liabilities, and a stockholders' deficit of
$67,528,906.

A copy of the Company's monthly operating report for March 2009 is
available at http://bankrupt.com/misc/USEB.March2009MOR.pdf

Based in Avon, Connecticut, U.S. Energy Systems, Inc., (Pink
Sheets: USEY) -- http://www.usenergysystems.com/-- owns green
power and clean energy and resources.  USEY owns and operates
energy projects in the United States and United Kingdom that
generate electricity, thermal energy and gas production.  The
Company filed for Chapter 11 protection on January 9, 2008 (Bank.
S.D. N.Y. Case No. 08-10054).  Subsequently, 34 affiliates filed
separate Chapter 11 petitions.  Peter S. Partee, Esq., at
Hunton & Williams LLP, represents the Debtor in its restructuring
efforts.  Jefferies & Company, Inc., serves as the Company's
financial advisor.  The Debtor selected Epiq Bankruptcy Solutions
LLC as noticing, claims and balloting agent.  The Official
Committee of Unsecured Creditors has yet to be appointed in these
cases by the U.S. Trustee for Region 2.  When the Debtors filed
for protection from their creditors, they listed total assets of
$258,200,000 and total debts of $175,300,000.

On January 23, 2009, U.S. Energy Biogas Corp and eight of its
subsidiaries filed their respective voluntary petitions for relief
under chapter 11 of the United States Bankruptcy Code in the
United States Bankruptcy Court for the Southern District of New
York.  The USEB Debtors' cases are being jointly administered for
procedural purposes with the cases of the USEY Debtors.
A http://bankrupt.com/misc/USEB.March2009MOR.pdf


US ENERGY: USOI Files Monthly Operating Report for March 2009
-------------------------------------------------------------
U.S. Energy Overseas Investments, LLC, filed with the U.S.
Bankruptcy Court for the Southern District of New York on
April 27, 2009, a monthly operating for the month ended March 31,
2009.

For the month ended March 31, 2009, the Company reported net
income of $10,783,092 on zero operating revenue.

At March 31, 2009, the Company had ($19,273,950) in total assets,
$19,966,069 in total liabilities, and a members' deficit of
$39,240,019.

A copy of the Company's monthly operating report for March 2009 is
available at http://bankrupt.com/misc/USOI.March2009MOR.pdf

Based in Avon, Connecticut, U.S. Energy Systems, Inc., (Pink
Sheets: USEY) -- http://www.usenergysystems.com/-- owns green
power and clean energy and resources.  USEY owns and operates
energy projects in the United States and United Kingdom that
generate electricity, thermal energy and gas production.  The
Company filed for Chapter 11 protection on January 9, 2008 (Bank.
S.D. N.Y. Case No. 08-10054).  Subsequently, 34 affiliates filed
separate Chapter 11 petitions.  Peter S. Partee, Esq., at
Hunton & Williams LLP, represents the Debtor in its restructuring
efforts.  Jefferies & Company, Inc., serves as the Company's
financial advisor.  The Debtor selected Epiq Bankruptcy Solutions
LLC as noticing, claims and balloting agent.  The Official
Committee of Unsecured Creditors has yet to be appointed in these
cases by the U.S. Trustee for Region 2.  When the Debtors filed
for protection from their creditors, they listed total assets of
$258,200,000 and total debts of $175,300,000.

On January 23, 2009, U.S. Energy Biogas Corp and eight of its
subsidiaries filed their respective voluntary petitions for relief
under chapter 11 of the United States Bankruptcy Code in the
United States Bankruptcy Court for the Southern District of New
York.  The USEB Debtors' cases are being jointly administered for
procedural purposes with the cases of the USEY Debtors.


VERASUN ENERGY: Posts $5,074,000 Net Loss in March 2009
-------------------------------------------------------
On April 30, 2009, VeraSun Energy Corporation and certain of its
subsidiaries filed an unaudited consolidated monthly operating
report for the month ended March 31, 2009, with the United States
Bankruptcy Court for the District of Delaware.

VeraSun Energy Corporation reported a net loss of $5,074,000 on
zero revenue for the month ended March 31, 2009.

At March 31, 2009, VeraSun Energy Corporation had total assets
of $1,491,998,000, total liabilities of $19,751,000, and
stockholders equity of $1,472,247,000.

A full-text copy of the monthly operating report is available for
free at http://researcharchives.com/t/s?3c98

                    About VeraSun Energy

Headquartered in Sioux Falls, South Dakota, VeraSun Energy Corp.
-- http://www.verasun.comor http://www.VE85.com/-- produces and
markets ethanol and distillers grains.  Founded in 2001, the
company has a fleet of 16 production facilities in eight states,
with 14 in operation.

The Company and its debtor-affiliates filed for Chapter 11
protection on October 31, 2008, (Bankr. D. Del. Case No. 08-12606)
Mark S. Chehi, Esq., at Skadden Arps Slate Meagher & Flom LLP
represents the Debtors in their restructuring efforts.
AlixPartners LLP serves as their restructuring advisor.
Rothschild Inc. is their investment banker and Sitrick & Company
is their communication agent.  The Debtors' claims noticing and
balloting agent is Kurtzman Carson Consultants LLC.  The Debtors'
total assets as of June 30, 2008, was $3,452,985,000 and their
total debts as of June 30, 2008, was $1,913,214,000.  VeraSun
Bankruptcy News, Issue No. 18; Bankruptcy Creditors' Service Inc.;
http://bankrupt.com/newsstand/or 215/945-7000).


WASHINGTON MUTUAL: Posts $15.5 Million Net Loss in March 2009
-------------------------------------------------------------
On April 30, 2009, Washington Mutual, Inc. and WMI Investment
Corp. filed their monthly operating report for the period March 1,
2009, to March 31, 2009, with the United States Bankruptcy Court
for the District of Delaware.

Washington Mutual reported a net loss of $15,545,597 and total
revenues of ($6,218,823) for the month of March.

At March 31, Washington Mutual had $6.92 billion in total
assets, $8.30 billion in total liabilities, and shareholders'
deficit of $1.38 billion.

WMI Investment reported a net loss of $8,100,681 on total revenues
of ($8,100,642).

At March 31, 2009, WMI Investment had $902.3 million in total
assets, $325 in total liabilities, and $902.3 million in
stockholders' equity.

A full-text copy of Washington Mutual and WMI Investment's monthly
operating report for March 2009 is available at:

               http://researcharchives.com/t/s?3c9c

Based in Seattle, Washington, Washington Mutual Inc. --
http://www.wamu.com/-- is a holding company for Washington Mutual
Bank as well as numerous non-bank subsidiaries.  The Company
operates in four segments: the Retail Banking Group, which
operates a retail bank network of 2,257 stores in California,
Florida, Texas, New York, Washington, Illinois, Oregon, New
Jersey, Georgia, Arizona, Colorado, Nevada, Utah, Idaho and
Connecticut; the Card Services Group, which operates a nationwide
credit card lending business; the Commercial Group, which conducts
a multi-family and commercial real estate lending business in
selected markets, and the Home Loans Group, which engages in
nationwide single-family residential real estate lending,
servicing and capital markets activities.

Washington Mutual Bank was taken over Sept. 25 by U.S. government
regulators.  The next day, WaMu and its affiliate, WMI Investment
Corp., filed separate petitions for Chapter 11 relief (Bankr. D.
Del. 08-12229 and 08-12228, respectively).  Wamu owns 100% of the
equity in WMI Investment.  Weil Gotshal & Manges represents the
Debtors as counsel.  When WaMu filed for protection from its
creditors, it listed assets of $32,896,605,516 and debts of
$8,167,022,695.  WMI Investment listed assets of $500,000,000 to
$1,000,000,000 with zero debts.

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


YOUNG BROADCASTING: Posts $2.2 MM Net Loss from Feb. 14 to Feb. 28
------------------------------------------------------------------
On April 23, 2009, the Company filed monthly operating reports for
the period from February 14, 2009 to February 28, 2009, with the
United States Bankruptcy Court for the Southern District of New
York.

The Debtors incurred a consolidated net loss of $2.2 million on
net operating revenues of $6.2 million for the period from
February 14, 2009, to February 28, 2009.

At February 28, 2009, the Debtors had $334.9 million in total
assets and $936.7 million in total liabilities.

A full-text copy of the Debtors' monthly operating report for the
period from February 14, 2009, to February 28, 2009, is available
for free at http://researcharchives.com/t/s?3c9b

Young Broadcasting, Inc. -- http://www.youngbroadcasting.com/--
owns 10 television stations and the national television
representation firm, Adam Young Inc.  Five stations are affiliated
with the ABC Television Network (WKRN-TV - Nashville, TN, WTEN-TV
- Albany, NY, WRIC-TV - Richmond, VA, WATE-TV - Knoxville, TN, and
WBAY-TV -Green Bay, WI), three are affiliated with the CBS
Television Network (WLNS-TV - Lansing, MI, KLFY-TV - Lafayette, LA
and KELO- TV - Sioux Falls, SD), one is affiliated with the NBC
Television Network (KWQC-TV - Davenport, IA) and one is affiliated
with MyNetwork (KRON-TV - San Francisco, CA).  In addition, KELO-
TV-Sioux Falls, SD is also the MyNetwork affiliate in that market
through the use of its digital channel capacity.

The Company and its affiliates filed for Chapter 11 protection on
February 13, 2009 (Bankr. S.D. N.Y. Lead Case No. 09-10645).  Jo
Christine Reed, Esq., at Sonnenschein Nath & Rosenthal LLP,
represents the Debtors in their restructuring efforts.  Andrew N.
Rosenberg, Esq., at Paul Weiss Rifkind Wharton & Harrison LLP,
represents the Official Committtee of Unsecured Creditors as
counsel.  The Debtors selected UBS Securities LLC as consultant;
Ernst & Young LLP as accountant; Epiq Bankruptcy Solutions LLC as
claims agent; and David Pauker chief restructuring officer.


YOUNG BROADCASTING: Posts $1.4 Million Net Loss in March 2009
-------------------------------------------------------------
On April 23, 2009, Young Broadcasting, Inc., et al., filed
monthly operating reports for the month ended March 31, 2009, with
the United States Bankruptcy Court for the Southern District of
New York.

The Debtors incurred a consolidated net loss of $1.4 million on
net operating revenues of $14.0 million for the month of March
2009.

At March 31, 2009, the Debtors had $336.3 million in total assets
and $939.3 million in total liabilities.

A full-text copy of the Debtors' monthly operating report for
March 2009, is available for free at:

               http://researcharchives.com/t/s?3c9a

Young Broadcasting, Inc. -- http://www.youngbroadcasting.com/--
owns 10 television stations and the national television
representation firm, Adam Young Inc.  Five stations are affiliated
with the ABC Television Network (WKRN-TV - Nashville, TN, WTEN-TV
- Albany, NY, WRIC-TV - Richmond, VA, WATE-TV - Knoxville, TN, and
WBAY-TV -Green Bay, WI), three are affiliated with the CBS
Television Network (WLNS-TV - Lansing, MI, KLFY-TV - Lafayette, LA
and KELO- TV - Sioux Falls, SD), one is affiliated with the NBC
Television Network (KWQC-TV - Davenport, IA) and one is affiliated
with MyNetwork (KRON-TV - San Francisco, CA).  In addition, KELO-
TV-Sioux Falls, SD is also the MyNetwork affiliate in that market
through the use of its digital channel capacity.

The Company and its affiliates filed for Chapter 11 protection on
February 13, 2009 (Bankr. S.D. N.Y. Lead Case No. 09-10645).  Jo
Christine Reed, Esq., at Sonnenschein Nath & Rosenthal LLP,
represents the Debtors in their restructuring efforts.  Andrew N.
Rosenberg, Esq., at Paul Weiss Rifkind Wharton & Harrison LLP,
represents the Official Committtee of Unsecured Creditors as
counsel.  The Debtors selected UBS Securities LLC as consultant;
Ernst & Young LLP as accountant; Epiq Bankruptcy Solutions LLC as
claims agent; and David Pauker chief restructuring officer.



                            *********

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.  Ma. Theresa Amor J. Tan Singco, 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
publication in any form (including e-mail forwarding, electronic
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.

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are $25 each.  For subscription information, contact Christopher
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