TCR_Public/090905.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, September 5, 2009, Vol. 13, No. 246

                            Headlines

ABITIBIBOWATER INC: Posts $120.9 Million Net Loss for July
ASARCO LLC: Records $20.5 Mil. Operating Income for July
ASYST TECHNOLOGIES: Posts $1,694,733 Net Loss in July 2009
AUTOBACS STRAUSS: Has $1.3MM Net Loss on Sales of $10MM in July
BALLY TOTAL: Incurs $1,864,000 Operating Loss for July

BEARINGPOINT INC: Files Monthly Report for July 2009
BROADSTRIPE LLC: Reports $4.4 Million Net Loss for July
CHARTER COMM: Reports Loss Due to Interest and Reorg. Costs
CIRCUIT CITY: Incurs $424MM Loss for June Due to Asset Charges
CRUSADER ENERGY: Reports $5.34MM Net Loss in July

EXTENDED STAY: Incurs $11 Million Loss for 2nd Half of June
EXTENDED STAY: Incurs $20.6 Million Loss for July
EZ LUBE: Incurs $977,000 Net Loss for June
FLEETWOOD ENTERPRISES: Had $68.5 Million Cash by July 26
FONTAINEBLEAU LAS VEGAS: Zero Business Activity for July

FRONTIER AIRLINES: Records 9th Straight Monthly Profit
GENERAL GROWTH: Posts Net Loss of $27.6 Million in July
HAWAIIAN TELCOM: Records $2.79MM Loss Due to Reorganization Costs
HERCULES CHEMICAL: Posts $69,800 Net Profit in July
LTV CORP: Files Monthly Operating Report for July

MAGNA ENTERTAINMENT: Posts $8.8MM Net Loss From June 29 to Aug 2
MERISANT WORLDWIDE: Reports $26.3 Million Net Loss in July
MILACRON INC: Posts $7,568,000 Net Loss in July 2009
MUZAK HOLDINGS: Reports $5.3 Million Net Loss in July
NEUMANN HOMES: Disbursement Total $504,802 in May

NEUMANN HOMES: Disbursement Total $88,598 in June
NEUMANN HOMES: Disbursement Total $102,200 in July
NORTEL NETWORKS: Earns $4 Million in July 1 to August 1 Period
OPUS SOUTH: Records $7.9 Mil. Net Loss for July
OPUS WEST: Records $162,000 Net Loss for July

PILGRIM'S PRIDE: Records $18.36 Million Profit for July
QSGI INC: Files Initial Monthly Operating Report
RATHGIBSON INC: Loses $3.9 Million for Last Half of July
REFCO INC: Refco LLC Trustee Has $48.8-Mil. In Cash at June's End
SILICON GRAPHICS: Ends July 2009 with $4,777,603 Cash

STAR TRIBUNE: Reports $831,000 Net Loss in August
THORNBURG MORTGAGE: ADFITECH Unit Posts $177,904 July Net Income
THORNBURG MORTGAGE: Posts $135,544 Net Income in July 2009
TOUSA INC: Reports $21.7MM Net Loss for July
TROPICANA ENT: Adamar of NJ Incurs $2.48MM Loss in July

TVI CORPORATION: Posts $911,760 Net Loss in July 2009
TXCO RESOURCES: July Loss of $5.3 Million Exceeds Revenue
VERASUN ENERGY: Posts $498,000 Net Loss in July
VISTEON CORP: Records $50.4 Mil. Net Loss for July
WASHINGTON MUTUAL: Incurs $912,097 Net Loss for July

WHITE ENERGY: Posts Operating and Net Losses in July
YOUNG BROADCASTING: Files $4.6MM Consolidated Net Loss in July

                            *********

ABITIBIBOWATER INC: Posts $120.9 Million Net Loss for July
----------------------------------------------------------
According to Bill Rochelle at Bloomberg News, AbitibiBowater Inc.
reported a $120.9 million net loss in July on $312.6 million in
sales.  Gross profit for the month was $11.3 million, while
restructuring and other costs were almost $88 million. Interest
expense was $14.6 million.

The Debtors reported a consoidated net loss of $80.5 million on
net sales of $301.1 million.  Operating loss was $51.5 million.

Headquartered in Montreal, Canada, AbitibiBowater Inc. --
http://www.abitibibowater.com/-- produces a wide range of
newsprint, commercial printing papers, market pulp and wood
products.  It is the eighth largest publicly traded pulp and paper
manufacturer in the world.  AbitibiBowater owns or operates
27 pulp and paper facilities and 34 wood products facilities
located in the United States, Canada, the United Kingdom and South
Korea.  Marketing its products in more than 90 countries, the
Company is also among the world's largest recyclers of old
newspapers and magazines, and has more third-party certified
sustainable forest land than any other company in the world.

The Company and several of its affiliates filed for protection
under Chapter 11 of the U.S. Bankruptcy Code on April 16, 2009
(Bankr. D. Del. Lead Case No. 09-11296).  Judge Kevin J. Carey
presides over the case.  The Company and its Canadian affiliates
commenced parallel restructuring proceedings under the Companies'
Creditors Arrangement Act before the Quebec Superior Court
Commercial Division the next day.  Alex F. Morrison at Ernst &
Young, Inc., was appointed CCAA monitor.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, serves as the
Debtors' U.S. bankruptcy counsel.  Stikeman Elliot LLP, acts as
the Debtors' CCAA counsel.  Young, Conaway, Stargatt & Taylor, in
Wilmington, Delaware, serves as the Debtors' co-counsel, while
Troutman Sanders LLP in New York, serves as the Debtors' conflicts
counsel in the Chapter 11 proceedings.  The Debtors' financial
advisors are Advisory Services LP, and their noticing and claims
agent is Epiq Bankruptcy Solutions LLC.  The CCAA Monitor's
counsel is Thornton, Grout & Finnigan LLP, in Toronto, Ontario.

Abitibi-Consolidated Inc. and various Canadian subsidiaries filed
for protection under Chapter 15 of the U.S. Bankruptcy Code on
April 17, 2009 (Bankr. D. Del. 09-11348). Judge Carey also handles
the Chapter 15 case.  Pauline K. Morgan, Esq., and Sean T.
Greecher, Esq., at Young, Conaway, Stargatt & Taylor, in
Wilmington, represent the Chapter 15 Debtors.

As of September 30, 2008, the Company had $9,937,000,000 in total
assets and $8,783,000,000 in total debts.

Bankruptcy Creditors' Service, Inc., publishes Abitibibowater
Bankruptcy News.  The newsletter provides gavel-to-gavel coverage
of the Chapter 11 proceedings and parallel proceedings under the
Companies' Creditors Arrangement Act in Canada undertaken by
Abitibibowater Inc. and its various affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000).


ASARCO LLC: Records $20.5 Mil. Operating Income for July
--------------------------------------------------------

                      ASARCO LLC, et al.
                         Balance Sheet
                      As of July 31, 2009

ASSETS
  Current Assets:
  Cash                                           $1,266,843,000
  Restricted Cash                                    27,169,000
  Accounts receivable, net                          121,712,000
  Inventory                                         282,634,000
  Prepaid expenses                                    6,279,000
  Other current assets                               16,800,000
                                                ---------------
Total Current Assets                              1,721,436,000

Net property, plant and equipment                   528,521,000

Other Assets:
  Investments in subs & other investments            97,739,000
  Advances to affiliates                                535,000
  Prepaid pension & retirement plan                           -
  Other                                              18,269,000
                                                ---------------
Total assets                                     $2,366,500,000
                                                ===============

LIABILITIES
  Postpetition liabilities:
  Account payable - trade                           $66,801,000
  Accrued liabilities                             2,577,022,000
                                                ---------------
Total postpetition liabilities                    2,643,823,000

Prepetition liabilities:
Not subject to compromise - credit                    3,105,000
Not subject to compromise - other                   117,747,000
Advances from affiliates                             32,426,000
Subject to compromise                             1,684,568,000
                                                ---------------
Total prepetition liabilities                     1,837,846,000
                                                ---------------
Total liabilities                                 4,481,669,000

MEMBER'S EQUITY (DEFICIT):
Common stock                                        508,324,000
Additional paid-in capital                          104,578,000
Other comprehensive loss                           (383,780,000)
Retained earnings: filing date                   (3,450,884,000)
                                                ---------------
Total prepetition member's equity                (3,221,762,000)
Retained earnings: post-filing date               1,106,594,000
                                                ---------------
Total member's equity (net worth)                (2,115,169,000)

Total liabilities and member's equity            $2,366,500,000
                                                ===============


                      ASARCO LLC, et al.
             Consolidated Statement of Operations
                   Month Ended July 31, 2009

Sales                                               $75,550,000
Cost of products and services                        48,984,000
                                                ---------------
Gross profit (loss)                                  26,566,000

Operating expenses:
Selling and general & admin. expenses                 2,477,000
Depreciation & amortization                           3,527,000
Accretion expense                                        98,000
                                                ---------------
Operating income (loss)                               20,464,000

Interest expense                                          35,000
Interest income                                         (369,000)
Reorganization expenses                                6,021,000
Other miscellaneous (income) expense                  (3,585,000)
                                                 ---------------
Income (loss) before taxes                            18,362,000
Income taxes                                           7,207,000
                                                 ---------------
Net income (loss)                                    $11,155,000
                                                 ===============

                      ASARCO LLC, et al.
          Consolidated Cash Receipts & Disbursements
                   Month Ended July 31, 2009

Receipts
Disbursements:
  Inventory material                                 $18,827,000
  Operating disbursements                             60,157,000
  Capital expenditures                                 4,398,000
                                                 ---------------
Total operating disbursements                         83,382,000

Operating cash flow                                    5,483,000
Reorganization disbursements                           7,720,000
                                                 ---------------
Net cash flow                                         (2,236,000)
Net (borrowings) payments to secured Lenders                   -
                                                 ---------------
Net change in cash                                    (2,236,000)
Beginning cash balance                             1,296,248,000
                                                 ---------------
Ending cash balances                              $1,294,011,000
                                                 ===============

                        About ASARCO LLC

Based in Tucson, Arizona, ASARCO LLC -- http://www.asarco.com/--
is an integrated copper mining, smelting and refining company.
Grupo Mexico S.A. de C.V. is ASARCO's ultimate parent.

ASARCO LLC filed for Chapter 11 protection on August 9, 2005
(Bankr. S.D. Tex. Case No. 05-21207).  James R. Prince, Esq., Jack
L. Kinzie, Esq., and Eric A. Soderlund, Esq., at Baker Botts
L.L.P., and Nathaniel Peter Holzer, Esq., Shelby A. Jordan, Esq.,
and Harlin C. Womble, Esq., at Jordan, Hyden, Womble & Culbreth,
P.C., represent the Debtor in its restructuring efforts.  Lehman
Brothers Inc. provides the ASARCO with financial advisory services
and investment banking services.  Paul M. Singer, Esq., James C.
McCarroll, Esq., and Derek J. Baker, Esq., at Reed Smith LLP give
legal advice to the Official Committee of Unsecured Creditors and
David J. Beckman at FTI Consulting, Inc., gives financial advisory
services to the Committee.

When ASARCO LLC filed for protection from its creditors, it listed
US$600 million in total assets and US$1 billion in total debts.

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

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

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

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

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


ASYST TECHNOLOGIES: Posts $1,694,733 Net Loss in July 2009
----------------------------------------------------------
Asyst Technologies, Inc., has filed with the United States
Bankruptcy Court for the Northern District of California in
Oakland, a Monthly Operating Report for the month ending July 31,
2009.

Asyst Technologies recorded a net loss of $1,694,733 on total
business unit generated sales of $1,887,862 in July 2009.

As of July 31, 2009, Asyst Technologies had total assets of
$91,698,000 and total liabilities of $39,921,000.  The July
balance sheet showed strained liquidity with $26,605,000 in total
current assets against $32,235,000 in total current liabilities.

During July 2009, a payment of roughly $13,000 was made without
court approval.  The payment was related to a payroll check issued
to an employee who deposited the check after the company's bank
accounts were re-opened pursuant to the Court order authorizing
the Debtor to maintain components of Existing Cash Management
System and Certain Pre-Petition Bank Accounts.  The Company has
sent a letter to the employee requesting the funds be returned.

During July 2009, payments of roughly $135,000 were issued to
professionals pursuant to the Court order establishing procedures
for Interim Compensation and Reimbursement of Expense of
Professionals.

Post-petition payroll and expense reimbursements have been made to
current officers of the Company in the ordinary course of the
Company's business.  No post-petition taxes were due as of
July 31, 2009.  Tax returns will be prepared in due course.  Any
required extension of time has been obtained from the applicable
taxing authority.

A full-text copy of the July report is available at no charge at
http://ResearchArchives.com/t/s?43bb

Headquartered in Fremont, California, Asyst Technologies, Inc. --
http://www.asyst.com/-- is a leading provider of integrated
automation solutions primarily for the semiconductor and flat
panel display manufacturing industries.  The Company is the parent
company of seven subsidiaries located in various jurisdictions
worldwide.  Principally, the Company is the owner of a non-
operating holding company organized under the laws of Japan, Asyst
Technologies Holdings Company, Inc. ("Asyst Japan Holdings").
Asyst Japan Holdings in turn owns the operating company Asyst
Technologies Japan, Inc.

The Company filed for Chapter 11 on April 20, 2009 (Bankr. N.D.
Calif. Case No. 09-43246).  Ali M.M. Mojdehi, Esq., Janet D.
Gertz, Esq., and Rayla Dawn Boyd, Esq., at the Law Offices of
Baker and McKenzie, serve as the Debtor's bankruptcy counsel.
Epiq Bankruptcy Solutions LLC is the Debtors' notice and claims
agent.  AlixPartners, LLP  serves as financial advisor.  Andrew I.
Silfen, Esq., Mette H. Kurth, Esq., Michael S. Cryan, Esq., and
Schuyler G. Carroll, Esq., at Arent Fox LLP, represent the
official committee of unsecured creditors.  As of December 31,
2008, Asyst had total assets of $295,782,000 and total debts of
$315,364,000.

The Company's Japanese subsidiaries, Asyst Technologies Holdings
Company, Inc., and Asyst Technologies Japan, Inc., entered into
related voluntary proceedings under Japan's Corporate
Reorganization Law (Kaisha Kosei Ho) on April 20, 2009.  Kosei
Watanabe was appointed as Trustee of Asyst Japan Holdings and ATJ.


AUTOBACS STRAUSS: Has $1.3MM Net Loss on Sales of $10MM in July
---------------------------------------------------------------
According to Bill Rochelle at Bloomberg News, Autobacs Strauss
Inc., doing business as Strauss Discount Auto, reported a
$1.3 million net loss in July on sales of $10.1 million.  The
operating loss for the month was $1.2 million.  From the inception
of the case in February, the cumulative net loss is $8.5 million.

Headquartered in South River, New Jersey, Autobacs Strauss Inc. --
http://www.straussauto.com/-- sells after-market automotive parts
and accessories, and operate automotive service centers located in
New York, New Jersey, Philadelphia, Bethlehem and Pennsylvania.
The Company operates 86 retail store locations and has about 1,450
employees.  The Company filed for Chapter 11 protection on
February 4, 2009 (Bankr. D. Del. Case No. 09-10358).  Edward J.
Kosmowski, Esq., at Young Conaway Stargatt & Taylor, LLP,
represents the Debtor in its restructuring efforts.  As of
January 3, 2009, the Debtor had total assets of $75,000,000 and
total debts of $72,000,000.

The Chapter 11 case is Strauss's third.  The preceding Chapter 11
case ended with confirmation of a Chapter 11 plan in April 2007.
The Company was then named R&S Parts & Service Inc.


BALLY TOTAL: Incurs $1,864,000 Operating Loss for July
------------------------------------------------------

       Bally Total Fitness Holding Corporation, et al.
              Condensed Combined Balance Sheet
                   As of July 31, 2009

ASSETS

Current assets
  Cash and cash equivalents                         $52,356,000
  Deferred income taxes                              17,801,000
  Prepaid expenses                                   13,366,000
  Other current assets                               19,805,000
                                                ---------------
     Total current assets                           103,328,000

Long-term assets
  Property and equipment, net                       258,694,000
  Member relationship asset, net                    140,906,000
  Other intangible assets, net                      198,881,000
  Trademarks                                         86,376,000
  Goodwill                                          257,460,000
  Other assets                                       39,609,000
                                                ---------------
     Total long-term assets                         981,927,000
                                                ---------------
Total assets                                     $1,085,255,000
                                                ===============

LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities not subject to compromise
  Accounts payable                                  $17,289,000
  Income taxes payable                                2,159,000
  Accrued liabilities                                53,099,000
  Current maturities of long-term debt                1,622,000
  Deferred revenues                                 131,668,000
                                                ---------------
     Total current liabilities not subject
        to compromise                               205,868,000

Long-term liabilities not subject to compromise
  Deferred rent liability                            20,265,000
  Deferred income taxes                              49,507,000
  Other liabilities                                  22,091,000
  Deferred revenues                                 370,492,000
  Long-term debt, less current maturities                     0

Liabilities subject to compromise                   920,723,000
                                                ---------------
        Total liabilities                         1,588,915,000
                                                ---------------
Stockholders' deficit                              (503,660,000)
                                                ---------------
Total liabilities and stockholders' deficit      $1,085,255,000
                                                ===============

        Bally Total Fitness Holding Corporation, et al.
          Condensed Combined Statement of Operations
                 July 1 through July 31, 2009

Net revenues
  Membership services                               $46,098,000
  Retail products                                     2,087,000
  Miscellaneous                                       1,163,000
                                                ---------------
                                                     49,348,000
Operating costs and expenses:
  Membership services                                37,950,000
  Retail products                                     1,827,000
  Marketing and advertising                           2,167,000
  General and administrative                          3,503,000
  Depreciation and amortization                       5,765,000
                                                ---------------
                                                     51,212,000
                                                ---------------
Operating loss                                       (1,864,000)

Interest expense                                       (389,000)
Other, net                                                1,000
                                                ---------------
                                                       (388,000)
                                                ---------------
Loss reorganization items and income taxes           (2,252,000)
Reorganization items, net                             1,506,000
Income tax expense                                      (65,000)
                                                ---------------
Net loss                                              ($811,000)
                                                ===============

        Bally Total Fitness Holding Corporation, et al.
               Cash Receipts and Disbursements
                June 1 through July 31, 2009

Cash, beginning of month                            $59,693,926

Receipts
  Cash sales                                         50,968,256
  Accounts receivable - Prepetition                           0
  Accounts receivable - Postpetition                          0
  Loans and advances                                          0
  Sales of assets                                             0
  Others                                              2,337,126
  Transfers (from DIP accounts)                      13,300,798
                                                ---------------
Total receipts                                       66,606,180

Disbursements
  Net payroll                                        10,171,032
  Payroll taxes                                       3,279,028
  Sales, use, and other taxes                         2,647,548
  Inventory purchases                                 1,064,672
  Secured rental/leases                              22,587,945
  Insurance                                           2,796,127
  Administrative                                      7,858,596
  Selling & Marketing                                 2,930,087
  Others                                              3,759,556
  Owner draw                                                  0
  Transfers (to DIP accounts)                        15,278,757
  Professional fees                                   1,570,383
  U.S. Trustee quarterly fees                                 0
  Court costs                                                 0
                                                ---------------
Total disbursements                                  73,943,731
                                                ---------------
Net cash flow                                        (7,337,551)
                                                ---------------
Cash, end of month                                  $52,356,375
                                                ===============

                     About Bally Total Fitness

Bally Total Fitness operates nearly 300 fitness centers across the
United States. With more than 3 million active members and over 30
years of experience, Bally is among the most popular health club
brands in America. The professionals at Bally Total Fitness help
motivate members to improve their physical health and reach their
personal fitness goals with many affordable membership choices -
including options with no long-term commitment.

Bally Total and its affiliates filed for Chapter 11 protection
on July 31, 2007 (Bankr. S.D.N.Y. Case No. 07-12396) after
obtaining requisite number of votes in favor of their pre-
packaged Chapter 11 plan.  The Bankruptcy Court confirmed the
Company's Chapter 11 plan and the Company emerged from bankruptcy
October 1, 2007.

Bally Total Fitness Holding Corp. and its debtor-affiliates and
subsidiaries again filed voluntary petitions under Chapter 11 on
December 3, 2008 (Bankr. S.D.N.Y., Lead Case No. 08-14818).
Their counsel is Kenneth H. Eckstein, Esq., at Kramer Levin
Naftalis & Frankel LLP, in New York.  As of September 30, 2008,
the Company (including non-debtor affiliates) had consolidated
assets totaling approximately $1.376 billion and recorded
consolidated liabilities totaling approximately $1.538 billion.

Bally Total Fitness Holding and its 42 debtor-affiliates delivered
their Joint Plan of Reorganization and Disclosure Statement with
the U.S. Bankruptcy Court for the Southern District of New York on
June 10, 2009.  The Plan was confirmed August 19, 2009, and the
Company emerged from bankruptcy September 1, 2009.

Bankruptcy Creditors' Service, Inc., publishes Bally Bankruptcy
News.  The newsletter provides gavel-to-gavel coverage of the
Chapter 11 proceedings of Bally Total Fitness Holding Corp. and
its debtor-affiliates (http://bankrupt.com/newsstand/or
215/945-7000)


BEARINGPOINT INC: Files Monthly Report for July 2009
----------------------------------------------------
BearingPoint, Inc., and certain of its domestic U.S. subsidiaries
filed on August 31, 2009, their unaudited monthly operating report
for the month ended July 31, with the United States Bankruptcy
Court for the Southern District of New York.

Debtor BearingPoint Inc. posted net income before affiliate
earnings of $1,988,000 on revenue of $7,558,000 in July 2009.

As of July 31, 2009, Debtor BearingPoint Inc. had $877,226,000 in
total assets and $1,922,750,000 in total liabilities, resulting in
stockholders' deficit of $1,045,524,000.

A full-text copy of the July report is available at no charge at:

             http://ResearchArchives.com/t/s?43c8

BearingPoint is pursuing the sale of all or substantially all of
its businesses and assets to a number of parties.  BearingPoint
expects that the sale transactions will result in modification of
the plan of reorganization filed with the Bankruptcy Court on
February 18, 2009, and, if BearingPoint is successful in selling
all or substantially all of its assets, in the liquidation of
BearingPoint's business and BearingPoint ceasing to operate as a
going concern.

                       About BearingPoint

BearingPoint, Inc. -- http://www.BearingPoint.com/-- was 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.
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 protection on February 18, 2009
(Bankr. S.D.N.Y., Case No. 09-10691).  Alfredo R. Perez, Esq., at
Weil Gotshal & Manges LLP, in Houston; Marcia J. Goldstein, Esq.,
Ronit J. Berkovich, Esq., and Jose R. Alcantar, Esq., at Weil
Gotshal & Manges LLP, in New York, represent the Debtors as
restructuring counsel.  AlixPartners, LLP, is the Debtors'
restructuring advisors.  Greenhill & Co., LLC, is the Debtor's
financial advisor & investment banker.  Jeffrey S. Sabin, Esq., at
Bingham McCutchen LLP represents the Creditors' Committee as
counsel.

BearingPoint disclosed total assets of US$1,762,689,000, and debts
of US$2,231,839,000 as of September 30, 2008.


BROADSTRIPE LLC: Reports $4.4 Million Net Loss for July
-------------------------------------------------------
According to Bill Rochelle at Bloomberg News, Broadstripe LLC
reported a $4.4 million net loss in July on $8 million in revenue.
Interest expense in the month was $2.9 million while
reorganization costs were $1.2 million.

Broadstripe already filed a reorganization plan to carry out an
agreement reached before the Chapter 11 filing with holders of the
first- and second-lien debt.  However, a lawsuit by the official
committee of unsecured creditors that seeks to invalidate the
lenders' liens remains unresolved, delaying the plan process.

Headquartered in Chesterfield, Missouri, Broadstripe LLC --
http://www.broadstripe.com/-- provides videos and telephone
services to consumers and business in Maryland, Michigan,
Washington and Oregon.  The Company and five of its affiliates
filed for Chapter 11 protection on January 2, 2009 (Bankr. D. Del.
Lead Case No. 09-10006).  Attorneys at Ashby & Geddes, and Gardere
Wynne Sewell LLP represent the Debtors in their restructuring
efforts.  The Debtors proposed FTI Consulting Inc. as their
restructuring consultant, and Epiq Bankruptcy Consultants LLC as
their claims agent.  When the Debtors filed for protection from
their creditors, they listed assets and debts between $100 million
and $500 million in their petition

The U.S. Bankruptcy Court for the District of Delaware has
approved sale procedures proposed by the Chapter 7 trustee, under
which Emaar Properties PJSC will be the lead bidder at an
August 20 auction for WL Homes LLC.


CHARTER COMM: Reports Loss Due to Interest and Reorg. Costs
-----------------------------------------------------------
According to Bill Rochelle at Bloomberg News, Charter
Communications Inc. reported a $70 million consolidated net loss
in July on $560 million revenue. Interest expense and
reorganization costs totaled $138 million.

Charter Communications has filed a Chapter 11 plan negotiated with
lenders prepetition.  The Plan has not been confirmed by the
Bankruptcy Court, and bondholders are opposing the Plan.

Based in St. Louis, Missouri, Charter Communications, Inc. (Pink
OTC: CHTRQ) -- http://www.charter.com/-- is a broadband
communications company and the fourth-largest cable operator in
the United States.  Charter provides a full range of advanced
broadband services, including advanced Charter Digital Cable(R)
video entertainment programming, Charter High-Speed(R) Internet
access, and Charter Telephone(R).  Charter Business(TM) similarly
provides scalable, tailored, and cost-effective broadband
communications solutions to business organizations, such as
business-to-business Internet access, data networking, video and
music entertainment services, and business telephone.  Charter's
advertising sales and production services are sold under the
Charter Media(R) brand.

Charter Communications and more than a hundred affiliates filed
voluntary Chapter 11 petitions on March 27, 2009 (Bankr. S.D.N.Y.
Case No. 09-11435).  As of March 31, 2009, the Debtors had
total assets of $13,650,000,000, and total liabilities of
$24,501,000,000.  Pacific Microwave filed for bankruptcy April 20,
2009, disclosing assets of not more than $50,000 and debts of more
than $1 billion.

Charter filed its Chapter 11 petitions to implement a financial
restructuring, which, upon approval, would reduce the Company's
debt by approximately $8 billion.

The Hon. James M. Peck presides over the cases.  Richard M. Cieri,
Esq., Paul M. Basta, Esq., and Stephen E. Hessler, Esq., at
Kirkland & Ellis LLP, in New York, serve as counsel to the
Debtors, excluding Charter Investment Inc.  Albert Togut, Esq., at
Togut, Segal & Segal LLP in New York, serves as Charter
Investment, Inc.'s bankruptcy counsel.  Curtis, Mallet-Prevost,
Colt & Mosel LLP, in New York, is the Debtors' conflicts counsel.

Ernst & Young LLP is the Debtors' tax advisors.  KPMG LLP is the
Debtors' independent auditors.  The Debtors' valuation
consultants are Duff & Phelps LLC; the Debtors' financial advisors
are Lazard Freres & Co. LLC; and the Debtors' restructuring
consultants are AlixPartners LLC.  The Debtors' regulatory counsel
is Davis Wright Tremaine LLP, and Friend Hudak & Harris LLP.  The
Debtors' claims agent is Kurtzman Carson Consultants LLC.

Bankruptcy Creditors' Service, Inc., publishes Charter
Communications Bankruptcy News.  The newsletter tracks the Chapter
11 proceedings undertaken by Charter Communications and more than
100 of its affiliates.  (http://bankrupt.com/newsstand/or
215/945-7000)


CIRCUIT CITY: Incurs $424MM Loss for June Due to Asset Charges
--------------------------------------------------------------

               Circuit City Stores, Inc., et al.
                         Balance Sheet
                      As of June 30, 2009

                             ASSETS

Current Assets
Cash and cash equivalents                         $52,014,000
Restricted cash                                    16,116,000
Cash held by Bank of America                      212,106,000
Short-term investments                                870,000
Accounts receivable, net                          464,986,000
Income tax receivable                              75,542,000
Prepaid expenses and other current assets           7,375,000
Intercompany receivables and investments          104,103,000
   in subsidiaries
                                                --------------
Total Current Assets                               933,112,000

Property and Equipment                              39,887,000
Accumulated depreciation                           (18,247,000)
                                                --------------
Net Property and Equipment                         21,640,000

Other Assets                                        12,115,000
                                                --------------
TOTAL ASSETS                                      $966,867,000
                                                ==============

              LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
Merchandise payable                              $210,713,000
Expenses payable                                   24,468,000
Accrued expenses and other current                 34,496,000
   liabilities
Accrued compensation                                  450,000
Intercompany payables                                 607,000
Accrued income taxes                                  570,000
                                                --------------
Total Current Liabilities                           271,304,000

Deferred income taxes                                 7,084,000
Other Liabilities                                         9,000
                                                 --------------
Liabilities Not Subject to Compromise               278,397,000

Liabilities Subject to Compromise                 1,415,523,000
                                                 --------------
Total Liabilities                                 1,693,920,000

Stockholders' Equity
Common stock                                       435,612,000
Additional paid-in capital                         304,915,000
Retained deficit                                (1,439,921,000)
Accumulated other comprehensive income             (27,659,000)
                                                 --------------
Total Stockholders' Equity                         (727,053,000)
                                                 --------------
Total Liabilities & Shareholders' Deficit          $966,867,000
                                                 ==============


               Circuit City Stores, Inc., et al.
                        Income Statement
               For the Month Ended June 30, 2009

Net sales                                                    $0
Cost of sales, buying and warehousing                         0
                                                 --------------
Gross profit (loss)                                           0

Selling, general and administrative expenses          4,631,000
Asset impairment charges                            417,123,000
                                                 --------------
Operating loss                                     (421,754,000)

Interest income                                               0
Interest expense                                              0
                                                 --------------
Loss before reorganization items, GAAP             (421,754,000)
reversals and income taxes

Net loss from reorganization items                   (2,548,000)
Net gain from GAAP reversals                            276,000
Income tax benefit                                        4,000
                                                 --------------
NET LOSS                                          ($424,022,000)
                                                 ==============

During June 2009, the company recorded a non-cash impairment
charge of $417,100,000 related to its investment in its Canadian
subsidiary.

                        About Circuit City

Headquartered in Richmond, Virginia, Circuit City Stores Inc.
(NYSE: CC) -- http://www.circuitcity.com/-- was a specialty
retailer of consumer electronics, home office products,
entertainment software and related services in the U.S. and
Canada.

Circuit City Stores together with 17 affiliates filed a voluntary
petition for reorganization relief under Chapter 11 of the
Bankruptcy Code on November 10 (Bankr. E.D. Va. Lead Case No. 08-
35653). InterTAN Canada, Ltd., which runs Circuit City's Canadian
operations, also sought protection under the Companies' Creditors
Arrangement Act in Canada.

Gregg M. Galardi, Esq., and Ian S. Fredericks, Esq., at Skadden,
Arps, Slate, Meagher & Flom, LLP, are the Debtors' general
restructuring counsel.  Dion W. Hayes, Esq., and Douglas M. Foley,
Esq., at McGuireWoods LLP, are the Debtors' local counsel.  The
Debtors also tapped Kirkland & Ellis LLP as special financing
counsel; Wilmer, Cutler, Pickering, Hale and Dorr, LLP, as special
securities counsel; and FTI Consulting, Inc., and Rotschild Inc.
as financial advisors.  The Debtors' Canadian general
restructuring counsel is Osler, Hoskin & Harcourt LLP.  Kurtzman
Carson Consultants LLC is the Debtors' claims and voting agent.
The Debtors disclosed total assets of $3,400,080,000 and debts of
$2,323,328,000 as of August 31, 2008.

Circuit City has opted to liquidate its 721 stores.  It has
obtained the Bankruptcy Court's approval to pursue going-out-of-
business sales, and sell its store leases.


CRUSADER ENERGY: Reports $5.34MM Net Loss in July
-------------------------------------------------
According to Bill Rochelle at Bloomberg News, Crusader Energy
Group Inc. reported a $5.34 million net loss in July.  Revenue was
$4.24 million, generating a $3.07 million gross profit. Interest
in the month was $2.83 million with depletion and amortization
totaling $2.5 million.  The net loss was $4 million in June on net
revenue of $4.9 million.

Based in Oklahoma City, Oklahoma, Crusader Energy Group Inc. --
http://www.ir.crusaderenergy.com/-- explores, develops and
acquires oil and gas properties, primarily in the Anadarko
Basin, Williston Basin, Permian Basin, and Fort Worth Basin in
the United States.  It has working interests in more than 1,000
wells.

Crusader Energy and its affiliates filed for Chapter 11
protection on March 30, 2009 (Bankr. N.D. Tex. Lead Case No.
09-31797).  The Debtors' financial condition as of
September 30, 2008, showed total assets of $749,978,331 and
total debts of $325,839,980.

Beth Lloyd, Esq., Richard H. London, Esq., and William Louis
Wallander, Esq., at Vinson & Elkins, L.L.P., represent the
Debtors as counsel.  Holland N. Oneil, Esq., Michael S. Haynes,
Esq., and Richard McCoy Roberson, Esq., at Gardere, Wynne &
Sewell, represent the official committee of unsecured creditors
as counsel.


EXTENDED STAY: Incurs $11 Million Loss for 2nd Half of June
-----------------------------------------------------------

                   Extended Stay Inc., et al.
                     Combined Balance Sheet
                       As of June 30, 2009


ASSETS:
Current assets
Cash & cash equivalents, unrestricted         $1,870,000
Debtor in possession cash account             53,784,000
Cash management account, including
  deposits in transit                          18,464,000
Accounts receivable, net of allowance
  for doubtful accounts                        18,891,000
Restricted cash, escrows and reserves                  -
Other current assets                           32,860,000
Investment in derivative instruments,
  at fair value                                     5,000
Due from insiders - non-debtor affiliates              -
                                          ---------------
Total current assets                         125,874,000

Property and equipment, net of
accumulated depreciation                   6,528,958,000
Land available for sale                         2,000,000
Deferred financing costs, net of
accumulated amortization                      18,685,000
Trademarks                                      15,000,000
License of trademarks, net of
accumulated amortization                       10,085,000
Under market trademark licenses, net of
accumulated amortization                       13,984,000
Intangible assets, net of accumulated
amortization                                   17,506,000
Other assets                                    15,358,000
                                           ---------------
Total assets                                $6,747,450,000
                                           ===============

LIABILITIES AND SHAREHOLDERS/MEMBERS'(DEFICIT) EQUITY:
Liabilities not subject to compromise
Current liabilities
Accounts payable                                        -
Accrued occupancy taxes payable                $4,661,000
Accrued state franchise/income tax              1,382,000
Accrued sales and use taxes payable             6,220,000
Accrued property and general liability
  insurance reserves                             6,604,000
Accrued utilities                               4,706,000
Other property accruals                         1,748,000
Deferred revenue                                9,132,000
General and administrative accruals             1,102,000
Accrued professional fees                         286,000
Accrued real estate taxes                      29,603,000
Accrued interest payable                       27,409,000
Advance from insider, including accrued
  interest of $1,386 at June 30, 2009            7,886,000
Due to insiders - non-debtor affiliates        27,921,000
                                           ---------------
Total current liabilities                     128,660,000
                                           ---------------
Other liabilities                               4,641,000
                                           ---------------
Total liabilities not subject to compromise   133,301,000

Liabilities subject to compromise
Accounts payable                                  278,000
Accrued interest payable                        9,577,000
Mortgages payable                           4,108,349,000
Mezzanine loans                             3,295,456,000
Subordinated notes, net of discount             7,408,000
                                           ---------------
Total liabilities subject to compromise     7,421,068,000

Shareholders'/Members' (deficit) equity:
Additional paid in capital                    573,141,000
Retained deficit, prepetition              (1,369,013,000)
Retained deficit, postpetition                (11,047,000)
                                           ---------------
Total shareholders/members'
(deficit) equity                             (806,919,000)
                                           ---------------
Total liabilities and shareholders or
members' (deficit) equity                   $6,747,450,000
                                           ===============

                   Extended Stay Inc., et al.
                Combined Statement of Operations
               For the Period June 15 to 30, 2009

Revenues
Room revenues                                 $38,399,000
Other property revenues                           996,000
                                           ---------------
Total revenues                                 39,395,000

Operating expenses
Property operating expenses                    19,154,000
Corporate operating expenses                    1,308,000
Officer/Insider Compensation                            -
Trademark license fees expense                     41,000
Management fees and G&A reimbursement expense   2,390,000
Depreciation and amortization                  16,464,000
                                           ---------------
Total operating expenses                       39,357,000

Other income                                         8,000
                                           ---------------
Operating income                                    46,000

Interest expense                               (10,126,000)
Loss on investments in debt securities
and interest rate caps                           (494,000)
Interest income                                      9,000
                                           ---------------
Net loss before reorganization items           (10,565,000)

Reorganization items
Professional fees                                 482,000
U.S. Trustee quarterly fees                             -
Interest earned on accumulated cash
from Chapter 11                                         -
                                           ---------------
Total reorganization items                         482,000
                                           ---------------
Net loss                                      ($11,047,000)
                                           ===============

A full-text copy of the Debtors' June monthly operating report is
available for free at http://bankrupt.com/misc/ESIMORJune.pdf

                        About Extended Stay

Extended Stay is the largest owner and operator of mid-price
extended stay hotels in the United States, holding one of the most
geographically diverse portfolios in the lodging sector with
properties located across 44 states (including 11 hotels located
in New York) and two provinces in Canada. As a result of
acquisitions and mergers, Extended Stay's portfolio has expanded
to encompass over 680 properties, consisting of hotels directly
owned or leased by Extended Stay or one of its affiliates.
Extended Stay currently operates five hotel brands: (i) Crossland
Economy Studios, (ii) Extended Stay America, (iii) Extended Stay
Deluxe, (iv) Homestead Studio Suites, and (v) StudioPLUS Deluxe
Studios.

For the year ending December 31, 2008, Extended Stay's audited
financial statements show consolidated assets (including nondebtor
affiliates) totaling approximately $7.1 billion and consolidated
liabilities totaling approximately $7.6 billion.  Consolidated
revenues for the 12 months ending December 31, 2008 were
approximately $1 billion.

Extended Stay Inc. and its affiliates filed for Chapter 11 on
June 15, 2009 (Bankr. S.D.N.Y. Case No. 09-13764).  Judge James M.
Peck handles the case.  Marcia L. Goldstein, Esq., at Weil Gotshal
& Manges LLP, in New York, represents the Debtors.  Lazard Freres
& Co. LLC is the Debtors' financial advisors.  Kurtzman Carson
Consultants LLC is the claims agent.

Bankruptcy Creditors' Service, Inc., publishes Extended Stay
Bankruptcy News.  The newsletter provides gavel-to-gavel coverage
of the Chapter 11 proceedings undertaken by Extended Stay Inc. and
its various affiliates. (http://bankrupt.com/newsstand/or
215/945-7000).


EXTENDED STAY: Incurs $20.6 Million Loss for July
-------------------------------------------------

                   Extended Stay Inc., et al.
                     Combined Balance Sheet
                       As of July 31, 2009

ASSETS:
Current assets
Cash & cash equivalents, unrestricted          $2,998,000
Debtor in possession cash account              58,068,000
Cash management account, including
  deposits in transit                           11,433,000
Accounts receivable, net of
  allowance for doubtful accounts               19,355,000
Restricted cash, escrows and reserves                   -
Other current assets                           31,870,000
Investment in derivative instruments,
  at fair value                                      3,000
Due from insiders - non-debtor affiliates               -
                                           ---------------
Total current assets                          123,727,000

Property and equipment, net of
accumulated depreciation                    6,500,637,000
Land available for sale                          2,000,000
Deferred financing costs, net of
accumulated amortization                       18,148,000
Trademarks                                      15,000,000
License of trademarks, net of
accumulated amortization                       10,031,000
Under market trademark licenses, net of
accumulated amortization                       13,913,000
Intangible assets, net of
accumulated amortization                       17,412,000
Other assets                                    15,391,000
                                           ---------------
Total assets                                $6,716,259,000
                                           ===============

LIABILITIES AND SHAREHOLDERS/MEMBERS' (DEFICIT)/EQUITY:
Liabilities not subject to compromise
Current liabilities
Accounts payable                                 $137,000
Accrued occupancy taxes payable                 4,425,000
Accrued state franchise/income tax              1,567,000
Accrued sales and use taxes payable             5,097,000
Accrued property and general liability
  insurance reserves                             6,118,000
Accrued utilities                               5,138,000
Other property accruals                         2,023,000
Deferred revenue                                9,366,000
General and administrative accruals             1,266,000
Accrued professional fees                       4,400,000
Accrued real estate taxes                      31,311,000
Accrued interest payable                        9,909,000
Advance from insider, including accrued
  interest of $1,391 at July 31, 2009            7,891,000
Due to insiders - non-debtor affiliates        29,343,000
                                           ---------------
Total current liabilities                     117,991,000

Other liabilities                               4,674,000
                                           ---------------
Total liabilities not subject to compromise   122,665,000

Liabilities subject to compromise
Accounts payable                                  302,000
Accrued interest payable                        9,577,000
Mortgages payable                           4,108,349,000
Mezzanine loans                             3,295,456,000
Subordinated notes, net of discount             7,408,000
                                           ---------------
Total liabilities subject to compromise     7,421,092,000

Shareholders'/Members' (deficit) equity:
Additional paid in capital                    573,141,000
Retained deficit, prepetition              (1,369,013,000)
Retained deficit, postpetition                (31,626,000)
                                           ---------------
Total shareholders/members'
(deficit) equity                             (827,498,000)
                                           ---------------
Total liabilities and shareholders/
members' (deficit) equity                   $6,716,259,000
                                           ===============

                   Extended Stay Inc., et al.
                Combined Statement of Operations
               For the Period July 1 to 31, 2009

Revenues
Room revenues                                 $74,221,000
Other property revenues                         1,456,000
                                           ---------------
Total revenues                                 75,677,000

Operating expenses
Property operating expenses                    36,859,000
Corporate operating expenses                    1,342,000
Officer/Insider Compensation                            -
Trademark license fees expense                     81,000
Management fees and G&A reimbursement expense   4,704,000
Depreciation and amortization                  30,884,000
                                           ---------------
Total operating expenses                       73,870,000

Other income                                             -
                                           ---------------
Operating income                                 1,807,000

Interest expense                               (18,603,000)
Loss on investments in debt securities
and interest rate caps                             (2,000)
Interest income                                      4,000
                                           ---------------
Net loss before reorganization items           (16,794,000)

Reorganization items
Professional fees                               3,706,000
U.S. Trustee quarterly fees                        79,000
Interest earned on accumulated cash
from Chapter 11                                         -
                                           ---------------
Total reorganization items                       3,785,000
                                           ---------------
Net loss                                      ($20,579,000)
                                           ===============

The Debtors listed $82,595,274 in total cash receipts and
$87,985,866 in total disbursements for the month of July 2009.

A full-text copy of the Debtors' July monthly operating report is
available for free at http://bankrupt.com/misc/ESIMORJuly.pdf

                        About Extended Stay

Extended Stay is the largest owner and operator of mid-price
extended stay hotels in the United States, holding one of the most
geographically diverse portfolios in the lodging sector with
properties located across 44 states (including 11 hotels located
in New York) and two provinces in Canada. As a result of
acquisitions and mergers, Extended Stay's portfolio has expanded
to encompass over 680 properties, consisting of hotels directly
owned or leased by Extended Stay or one of its affiliates.
Extended Stay currently operates five hotel brands: (i) Crossland
Economy Studios, (ii) Extended Stay America, (iii) Extended Stay
Deluxe, (iv) Homestead Studio Suites, and (v) StudioPLUS Deluxe
Studios.

For the year ending December 31, 2008, Extended Stay's audited
financial statements show consolidated assets (including nondebtor
affiliates) totaling approximately $7.1 billion and consolidated
liabilities totaling approximately $7.6 billion.  Consolidated
revenues for the 12 months ending December 31, 2008 were
approximately $1 billion.

Extended Stay Inc. and its affiliates filed for Chapter 11 on
June 15, 2009 (Bankr. S.D.N.Y. Case No. 09-13764).  Judge James M.
Peck handles the case.  Marcia L. Goldstein, Esq., at Weil Gotshal
& Manges LLP, in New York, represents the Debtors.  Lazard Freres
& Co. LLC is the Debtors' financial advisors.  Kurtzman Carson
Consultants LLC is the claims agent.

Bankruptcy Creditors' Service, Inc., publishes Extended Stay
Bankruptcy News.  The newsletter provides gavel-to-gavel coverage
of the Chapter 11 proceedings undertaken by Extended Stay Inc. and
its various affiliates. (http://bankrupt.com/newsstand/or
215/945-7000).


EZ LUBE: Incurs $977,000 Net Loss for June
------------------------------------------
Bill Rochelle at Bloomberg News reports that EZ Lube LLC's
operating report showed a $977,000 net loss in June on
$6.2 million revenue.  The loss was $396,000 before reorganization
items.  From the inception of the case, the cumulative loss before
reorganization items is $3.35 million.

EZ Lube in August filed with the Bankruptcy Court a proposed
reorganization plan that would convert $94.5 million of claims
into new stock.  The Court will consider approval of the
disclosure statement explaining the Plan on September 18.

Headquartered in Santa Ana, California, EZ Lube LLC --
http://www.ezlube.com/-- provides oil change and related services
for automobiles including: oil filter replacement, lubricating
chassis, and gearbox and brake fluid level maintenance.

On December 9, 2008, EZ Lube together with Xpress Lube-Tech, Inc.,
filed for Chapter 11 (Bankr. D. Del., Lead Case No. 08-13256).
The company's attorneys are Curtis A. Hehn, Esq., and Laura Davis
Jones, Esq., at Pachulski Stang Ziehl & Jones LLP.  Broadway
Advisors LLC has been tapped as financial advisor, and
Coffey Management Company as chief restructuring advisor.
Kurtzman Carson Consultants LLC acts as claims and notice agent.
In its petition EZ Lube estimated assets and debts of $100 million
to $500 million each.

As reported in the December 10 issue of the Troubled Company
Reporter, EZ Lube along with its affiliate, Xpress Lube-Tech Inc.,
filed for bankruptcy to facilitate a sale transaction with EZ Lube
Acquisition Company LLC, an affiliate of its existing lenders,
funds managed by GSO Capital Partners LP.  However, the sale di
not push through.


FLEETWOOD ENTERPRISES: Had $68.5 Million Cash by July 26
--------------------------------------------------------
Fleetwood Enterprises, Inc., on August 25, 2009, filed its monthly
operating report for the period beginning on June 22, 2009 through
July 26, 2009, with the United States Trustee for the Central
District of California, Riverside Division.

As of July 26, 2009, Fleetwood Enterprises had $68,569,006 in
cash.  Total receipts were $56,377,009 and disbursement was
$26,640,589.

As of July 26, the Company had total assets of $248,040,000 and
$394,142,000 in total liabilities.

A full-text copy of the July report is available at no charge at
http://ResearchArchives.com/t/s?43c1

Based in Riverside, California, Fleetwood Enterprises, Inc.,
together with 19 of affiliates, filed for Chapter 11 protection on
March 10, 2009 (Bankr. C.D. Calif. Lead Case No. 09-14254).  Craig
Millet, Esq., and Solmaz Kraus, Esq., at Gibson, Dunn & Crutcher
LLP, represent the Debtors in their restructuring efforts.  FTI
Consulting Inc. is the financial advisors to the Debtors.  The
Debtors tapped Greenhill & Co.. LLC as its investment banker.

Fleetwood was authorized in June to sell its recreational vehicle
business for $53 million to private-equity investor American
Industrial Partners.


FONTAINEBLEAU LAS VEGAS: Zero Business Activity for July
--------------------------------------------------------
Fontainebleau Las Vegas Holdings, LLC, delivered to the Court on
August 20, 2009, a copy of their Monthly Operating Report for the
period July 1 to 31, 2009.  However, since the Debtor has no
business activity, the report contains zero figures for all
financial reports.

A full-text copy of the Debtor's July Monthly Operating Report
may be accessed for free at:

           http://bankrupt.com/misc/FB_MOR_July31.pdf

                  About Fontainebleau Las Vegas

Fontainebleau Las Vegas Holdings, LLC –
http://www.fontainebleau.com/-- is constructing a luxury resort,
Fontainebleu Las Vegas, on the northern end of the Las Vegas
Strip.

Fontainebleau Las Vegas Holdings, LLC, Fontainebleau Las Vegas,
LLC, Fontainebleau Las Vegas Capital Corp. filed for Chapter 11
protection on June 9, 2009 (Bankr. S.D. Fla. Lead Case No.
09-21481).  Judge A. Jay Cristol presides over the Debtors' cases.
Scott L Baena, Esq., at Bilzin Sumberg Baena Price & Axelrod LLP,
represents the Debtors in their restructuring efforts.  The
Debtors' Financial Advisor are Moelis & Company LLC and Citadel
Derivatives Group LLC.  The Debtors' Special Litigation Counsel is
David M. Friedman, Esq., at Kasowitz, Benson, Torres & Friedman
LLP and the Debtors' Special Counsel is Jack J. Kessler, Esq., and
Alan Rubin, Esq., at Buchanan Ingersoll & Rooney PC.  The Debtors'
Claims Agent is Kurtzman Carson Consulting LLC.  An official
committee of unsecured creditors has been appointed in the Chapter
11 cases.

As of June 9, 2009, Fontainebleau Las Vegas LLC listed more than
$1 billion in debt and a similar amount in assets, while each of
Fontainebleau Las Vegas Capital Corp. and Fontainebleau Las Vegas
Holdings, LLC, listed less than $50,000 in assets and more than
$1 billion in debts.

Bankruptcy Creditors' Service, Inc., publishes Fontainebleau
Bankruptcy News.  The newsletter tracks the Chapter 11 proceedings
of Fontainebleau Las Vegas Holdings, LLC, and its debtor-
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


FRONTIER AIRLINES: Records 9th Straight Monthly Profit
------------------------------------------------------
Frontier Airlines Holdings, Inc. (OTC Bulletin Board: FRNTQ)
reported a net profit of $17.8 million for the month of July and
its ninth consecutive monthly operating profit.

Frontier reported a consolidated operating profit of
$24.9 million for the month of July 2009, compared to an operating
income of $1.2 million for the same period in 2008, and a total
consolidated net income of $17.8 million compared to a net loss
of $3.2 million for July 2008.  Excluding special items, the
Company would have reported net income of $23.1 million, or a net
margin of 20.4 percent in July 2009, compared to a net loss of
$0.3 million, or a negative margin of 0.2 percent in 2008.
Excluding special items, the operating profit for the month was
$24.7 million versus an operating profit of $1.8 million in July
2008.

    Special items for the month of July 2009 included:

    * $5.5 million of reorganization expense (which includes
      $3.4 million in accelerated depreciation for a planned
      aircraft sale), compared to $2.4 million in July 2008

    * Non-cash mark-to-market gains on fuel hedge contracts of
      $0.1 million

    Operational results for the month of July 2009 included:

    * A 16.0 percent year-over-year mainline capacity reduction

    * Mainline unit cost excluding fuel (CASM ex-fuel) was 5.78
      cents, compared to 5.74 cents in July 2008

    * Mainline total unit cost (CASM) was 8.58 cents, a 27.0
      percent reduction compared to July 2008

    * Mainline passenger revenue (PRASM) was 10.33 cents, down
      9.9 percent from the previous year

    * Mainline total unit revenue (RASM) was 11.26 cents, a 5.1
      percent decrease from July 2008

    "These results are absolutely outstanding," said Frontier
President and CEO Sean Menke.  "Our financial performance in July
and over the past nine months was possible because of our
continuous focus on achieving the lowest cost structure in the
industry, developing alternative revenue streams through our
branded AirFairs program as well as the introduction of ancillary
revenues and our constant attention to quality customer service,"

These results attracted two major investors to vie for
ownership of our company and bring us out of bankruptcy. I am
proud of the effort put forth by every Frontier and Lynx
employee; our success wouldn't have been possible without their
tireless efforts," Mr. Menke added.

Frontier expects to emerge from bankruptcy in late September
as a wholly-owned subsidiary of Republic Airways Holdings, Inc.

    A copy of Frontier's Monthly Operating Report is available
for free at http://ResearchArchives.com/t/s?4354

            FRONTIER AIRLINES HOLDINGS, INC., ET AL.
               Unaudited Condensed Balance Sheet
                     As of July 31, 2009

                             ASSETS

CURRENT ASSETS:
Cash and cash equivalents                           $67,779,000
Restricted cash and investments                     170,015,000
Receivables, net of allowance                        36,992,000
Prepaid expenses and other assets                    25,053,000
Inventories, net of allowance                        12,993,000
Assets held for sale                                    618,000
                                                 ---------------
Total current assets                                 313,450,000

Property and other equipment, net                    565,313,000
Security and other deposits                           27,376,000
Maintenance reserve deposits                         133,390,000
Aircraft pre-delivery payments                         7,835,000
Restricted investments                                 2,987,000
Deferred loan expenses and other assets               11,056,000
                                                 ---------------
Total Assets                                      $1,061,407,000
                                                 ===============

             LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities not subject to compromise:

CURRENT LIABILITIES:
Accounts payable                                    $45,671,000
Air traffic liability                               150,859,000
Other accrued expenses                               53,635,000
Deferred revenue & other current liabilities         13,558,000
DIP financing                                        40,000,000
                                                  --------------
Total current liabilities not subject
to compromise                                       303,723,000

Deferred revenue and other liabilities                17,578,000
Other long-term debt -- postpetition                   3,000,000
                                                  --------------
Total liabilities not subject to compromise          324,301,000

Liabilities subject to compromise                    679,472,000
                                                  --------------
Total Liabilities                                  1,003,773,000

STOCKHOLDERS' EQUITY
Preferred stock                                               -
Common stock                                             37,000
Additional paid-in capital                          197,411,000
Cumulative effect of accounting principle           124,511,000
Accumulated deficit                                (264,325,000)
                                                  --------------
Total Stockholders' Deficit                           57,634,000
                                                  --------------
Total Liabilities and Stockholders' Deficit       $1,061,407,000
                                                  ==============

             FRONTIER AIRLINES HOLDINGS, INC., ET AL.
    Unaudited Condensed Consolidated Statement of Operations
                   Month Ended July 31, 2009

Revenues:
Passenger                                          $104,762,000
Cargo                                                   467,000
Other                                                 8,330,000
                                                  --------------
Total revenues                                       113,559,000

Operating expenses:
Flight operations                                    13,032,000
Aircraft fuel                                        28,037,000
Aircraft lease                                        9,339,000
Aircraft and traffic servicing                       14,871,000
Maintenance                                           5,319,000
Promotion and sales                                  10,136,000
General and administrative                            5,039,000
Operating expenses -- regional partner                        -
Loss (gain) on sales of assets, net                      (3,000)
Employee separation and other charges                         -
Depreciation                                          2,935,000
                                                  --------------
Total operating expenses                              88,705,000
                                                  --------------
Operating income (loss)                               24,854,000

Non-operating income (expense):
Interest income                                         100,000
Interest expense                                     (1,660,000)
Loss from early extinguishment of debt                        -
Other, net                                               58,000
                                                  --------------
Total non-operating expense, net                      (1,502,000)

Income before reorganization items
& income tax                                         23,352,000

Reorganization items                                  5,486,000
Income tax expense                                      104,000
                                                  --------------
Net Income (Loss)                                    $17,762,000
                                                  ==============

             FRONTIER AIRLINES HOLDINGS, INC., ET AL.
    Unaudited Condensed Consolidated Statement of Cash Flows
                   Month Ended July 31, 2009

Cash flows from operating activities:
Net income (loss)                                   $17,762,000

Adjustments to reconcile net loss to net cash
provided by (used in) operating activities:
ESOP and stock option compensation expense               83,000
Depreciation and amortization                         3,148,000
Assets beyond economic repair                            46,000
Mark to market adjustments on derivative
  contracts                                             (111,000)
Amounts paid for settled derivative contracts                 -
Gain on disposal of equipment & other assets, net        (3,000)
Loss on early extinguishment of debt                          -
Reorganization items                                  5,486,000
Changes in operating assets and liabilities:
Restricted investments                               (8,974,000)
Receivables                                             480,000
Security and other deposits                          (1,105,000)
Maintenance reserve payments                         (2,064,000)
Prepaid expenses and other assets                    (5,107,000)
Inventories                                             394,000
Accounts payable                                      3,066,000
Air traffic liability                                (8,822,000)
Other accrued expenses & income tax payable           2,621,000
Deferred revenue and other liabilities                 (985,000)
                                                 ---------------
Net cash provided by (used in)
operating activities                                  5,915,000

Cash flows from reorganization activities
Net cash (provided by) used in
reorganization activities                            (1,311,000)
                                                 ---------------
Total net cash provided by (used in)
operating activities                                  4,604,000

Cash flows from investing activities:
Aircraft purchase deposits made                        (285,000)
Aircraft purchase deposits returned                      16,000
Sale of short-term investment                                 -
Proceeds from the sale of property and
equipment and assets held for sale                       25,000
Capital expenditures                                   (680,000)
Proceeds from the sale of aircraft
-- reorganization                                             -
                                                 ---------------
Net cash provided by (used in)
investing activities                                   (924,000)

Cash flows from financing activities:
Proceeds from DIP financing (postpetition)                    -
Extinguishment of long-term borrowings                        -
Principal payments on long-term borrowings           (2,271,000)
Principal payments on short-term borrowing           (3,000,000)
Payment of financing fees                               (31,000)
Extinguishment of long-term borrowings
-- reorganization                                             -
                                                 ---------------
Net cash used in financing activities                 (5,302,000)

Increase in cash and cash equivalents                 (1,622,000)
Cash and cash equivalents at beginning
of period                                            69,401,000
                                                 ---------------
Cash and cash equivalents at end of period           $67,779,000
                                                 ===============

                 About Frontier Airlines Holdings

Frontier Airlines Holdings, Inc. (Pink Sheets: FRNTQ) --
http://www.FrontierAirlines.com/-- is the parent company of
Denver-based Frontier Airlines.  Currently in its 15th year of
operations, Frontier Airlines is the second-largest jet service
carrier at Denver International Airport, employing approximately
5,000 aviation professionals.  Frontier Airlines' mainline
operation has 51 aircraft with one of the youngest Airbus fleets
in North America.  In conjunction with a fleet of 10 Bombardier
Q400 aircraft operated by Lynx Aviation -- a subsidiary of
Frontier Airlines Holdings, Inc. -- Frontier offers routes to more
than 50 destinations in the U.S., Mexico and Costa Rica.

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

The Debtors' exclusive period to file a plan of reorganization
will expire on October 9, 2009.  Their exclusive period to solicit
and obtain acceptances of that plan will expire December 9, 2009.

As reported by the TCR on August 14, Republic Airways Holdings,
Inc. has been declared the winning bidder in the auction to
acquire Frontier, beating Southwest Airlines.

Bankruptcy Creditors' Service, Inc., publishes Frontier Airlines
Bankruptcy News.  The newsletter tracks the Chapter 11 proceedings
of Frontier Airlines Inc. and its debtor-affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


GENERAL GROWTH: Posts Net Loss of $27.6 Million in July
-------------------------------------------------------
On August 31, 2009, General Growth Properties, Inc. and certain of
the Company's domestic subsidiaries filed their monthly operating
report for the month ended July 31, 2009, with the U.S. Bankruptcy
Court for the Southern District of New York.

General Growth reported a consolidated net loss attibutable to
common stockholders of $27.6 million on total revenues of
$210.1 million for the month ended July 31, 2009.  Operating
income was $74.8 million.  Net loss for July includes interest
expense of $88.7 million.  Reorganization items totaled
$15.4 million.

At July 31, 2009, General Growth's consolidated balance sheet
showed $26.66 billion in total assets, $24.52 billion in total
liabilities, $158.5 million in total redeemable noncontrolling
interests, and $1.98 billion in total equity.

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

     http://researcharchives.com/t/s?43f1

                       About General Growth

Based in Chicago, Illinois, General Growth Properties, Inc. --
http://www.ggp.com/-- is the second-largest U.S. mall owner,
having ownership interest in, or management responsibility for,
more than 200 regional shopping malls in 44 states, as well as
ownership in master planned community developments and commercial
office buildings.  The Company's portfolio totals roughly ]
200 million square feet of retail space and includes more than
24,000 retail stores nationwide.  General Growth is a self-
administered and self-managed real estate investment trust.  The
Company's common stock is trading in the pink sheets under the
symbol GGWPQ.

General Growth Properties Inc. and its affiliates filed for
Chapter 11 on April 16, 2009 (Bankr. S.D.N.Y., Case No.
09-11977).  Marcia L. Goldstein, Esq., Gary T. Holtzer, Esq.,
Adam P. Strochak, Esq., and Stephen A. Youngman, Esq., at Weil,
Gotshal & Manges LLP, have been tapped as bankruptcy counsel.
Kirkland & Ellis LLP is co-counsel.  Kurtzman Carson Consultants
LLC has been engaged as claims agent.  The Company also hired
AlixPartners LLP as financial advisor and Miller Buckfire Co. LLC,
as investment bankers.  The Debtors disclosed
$29,557,330,000 in assets and $27,293,734,000 in debts as of
December 31, 2008.

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


HAWAIIAN TELCOM: Records $2.79MM Loss Due to Reorganization Costs
-----------------------------------------------------------------

               Hawaiian TelCom Communications, Inc.
                          Balance Sheet
                       As of July 31, 2009

Cash and cash equivalents                          $104,259,040
Accounts receivable                                           -
Materials and supplies                                        -
Prepaid expenses                                              -
Other current assets                                          -
Property and equipment                                        -
Investment in subsidiaries                          971,215,616
Deferred charges and other assets                    10,948,855
Intangible assets                                             -
                                                ---------------
Total assets                                     $1,086,423,511
                                                ===============

Current portion of long-term debt                $1,080,076,710
Accounts payable                                              -
Payroll and related benefits payable                          -
Accrued other taxes                                           -
Accrued interest                                     31,113,180
Advance billings                                              -
Other current liabilities                            15,476,634
Long-term debt                                                -
Employee benefit obligations                                  -
Deferred income taxes                                   370,745
Other liabilities                                             -
                                                ---------------
                                                  1,127,037,269
                                                ---------------

Equity                                             (399,039,386)
Intercompany receivable                            (102,072,089)
Intercompany payable                                460,497,717
                                                ---------------
Net owner interest                                  (40,613,758)
                                                ---------------
Total liabilities and partners' capital          $1,086,423,511
                                                ===============

               Hawaiian TelCom Communications, Inc.
                        Income Statement
                 For the Month Ended July 31, 2009

Operating revenues                                            -

Operating expenses:
Cost of goods sold                                           -
Salaries and wages                                      $6,626
Pension and other benefits                                   -
Employee related expenses                                    -
Contracted services                                          -
Restructuring expenses                                       -
Rents                                                        -
Materials                                                    -
Advertising                                                  -
Gross receipts and other taxes                               -
Uncollectibles                                               -
All other                                                  299
Depreciation and amortization                                -
                                                ---------------
Total operating expenses                                  6,925
                                                ---------------
Operating income (loss)                                  (6,925)
                                                ---------------
Other (income) expense:
Interest expense                                     2,594,335
Loss on early extinguishment of debt                         -
Gain (loss) on interest rate swap                            -
Other income and expense, net                                -
                                                ---------------
Total other (income) expenses                         2,594,335
                                                ---------------

Income (loss) from continuing operations
before reorganization items and provision
for income taxes                                    (2,601,260)
Reorganization items                                      9,770
                                                ---------------

Income (loss) from continuing operations
before provision for income taxes                   (2,611,030)
Provision (benefit) for income taxes                    180,745
                                                ---------------
Net income (loss)                                   ($2,791,775)
                                                ===============

               Hawaiian TelCom Communications, Inc.
                  Cash Receipts and Disbursements
                For the Month Ended July 31, 2009

June 2009 ending book balance                       $98,268,803
Cash on hand beginning book balance                          0
Adjustments                                                  0
                                               ----------------
June 2009 beginning book balance                     98,268,803

Receipts
Receipts from operations                                   954
Net change in deposits in transit                            0
Other                                                        0
                                               ----------------
Total receipts                                              954
                                               ----------------

Disbursements
AP & Payroll disbursements
  Check                                                 (11,537)
  EFT                                                         0
  Wire                                                        0
                                                ---------------
    Total AP & Payroll disbursements                    (11,537)
                                                ---------------
Bank debts
  Bank fees                                                 (63)
  Other                                                       0
                                                ---------------
    Total bank debts                                        (63)
                                                ---------------
Total disbursements                                     (11,600)
                                                ---------------
Other transfers                                      6,000,000
                                                ---------------

ZBA credits                                                882
ZBA debits                                                   0
                                                ---------------
Total ZBAs                                                 882
                                                ---------------
Adjustments                                                   0
                                                ---------------
July 2009 ending book balance                      $104,259,040
                                                ===============

                 Other Hawaiian Telcom Affiliates

Seven affiliates of Hawaiian Telcom Communications also delivered
separate individual monthly operating reports to the Court.  The
Hawaiian Telcom affiliates reported these assets and liabilities
as of July 31, 2009:

Debtor Affiliate                 Total Assets     Total Debts
----------------                --------------  --------------
Hawaiian Telcom, Inc.           $1,097,361,563  $1,097,361,563

Hawaiian Telcom Services
Company, Inc.                      $85,277,312     $85,277,312


Hawaiian Telcom Holdco, Inc.      ($66,653,623)   ($66,653,623)

Hawaiian Telcom IP Service
Delivery Investment, LLC                    $0              $0

Hawaiian Telcom IP Video
Investment, LLC                             $0              $0

Hawaiian Telcom IP Video
Research, LLC                            ($650)           $650)

Hawaiian Telcom IP Service
Delivery Research, LLC                   ($685)          ($685)

The Debtor affiliates listed their net income or loss for the
period from July 1 to 31, 2009:

Company                                       Net Income(Loss)
-------------                                 ---------------
Hawaiian Telcom, Inc.                             ($6,872,679)

Hawaiian Telcom Services Company, Inc.              ($856,161)

Hawaiian Telcom IP Service Delivery Research, LLC    ($55,515)

Hawaiian Telcom IP Video Research, LLC               ($20,023)

Hawaiian Telcom Holdco, Inc.                               $0

Hawaiian Telcom IP Service Delivery Investment, LLC        $0

Hawaiian Telcom IP Video Investment, LLC                   $0

The Debtor affiliates also reported their cash receipts and
disbursements for the period from July 1 to 31, 2009:

Company                   Receipts    Disbursements   Cash Flow
-------------           -----------   -------------   ---------

Hawaiian Telcom, Inc.   $37,969,182    ($28,284,161) $4,385,285

Hawaiian Telcom Services
Company, Inc.              $289,952     ($4,486,412)  ($369,251)

Hawaiian Telcom IP Video
Research, LLC                    $0         ($7,617)      ($650)

Hawaiian Telcom IP Service
Delivery Research, LLC           $0        ($20,266)      ($685)

Hawaiian Telcom Holdco,
Inc.                             $0              $0          $0

Hawaiian Telcom IP Service
Delivery Investment, LLC         $0              $0          $0

Hawaiian Telcom IP Video
Investment, LLC                  $0              $0          $0

                       About Hawaiian Telcom

Based in Honolulu, Hawaii, Hawaiian Telcom Communications, Inc.
-- http://www.hawaiiantel.com/-- operates a telecommunications
company, which offers an array of telecommunications products and
services including local and long distance service, high-speed
Internet, wireless services, and print directory and Internet
directory services.

The Company and seven of its affiliates filed for Chapter 11
protection on December 1, 2008 (Bankr. D. Del. Lead Case No.
08-13086).  As reported by the TCR on December 30, 2008, Judge
Peter Walsh of the U.S. Bankruptcy Court for the District of
Delaware approved the transfer of the Chapter 11 cases to the U.S.
Bankruptcy Court for the District of Hawaii before Judge Lloyd
King (Bankr. D. Hawaii Lead Case No. 08-02005).

Richard M. Cieri, Esq., Paul M. Basta, Esq., and Christopher J.
Marcus, Esq., at Kirkland & Ellis LLP, represent the Debtors in
their restructuring efforts.  The Debtors proposed Lazard Freres &
Co. LLC as investment banker; Zolfo Cooper Management LLC as
business advisor; Deloitte & Touche LLP as independent auditors;
and Kurztman Carson Consultants LLC as notice and claims agent.
An official committee of unsecured creditors has been appointed
and is represented by Christopher J. Muzzi, Esq., at Moseley Biehl
Tsugawa Lau & Muzzi LLC, in Honolulu, Hawaii.

When the Debtors filed for protection from their creditors, they
listed total assets of $1,352,000,000 and total debts of
$1,269,000,000 as of September 30, 2008.

Bankruptcy Creditors' Service, Inc., publishes Hawaiian Telcom
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Hawaiian Telcom Communications, Inc., and seven of
its affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


HERCULES CHEMICAL: Posts $69,800 Net Profit in July
---------------------------------------------------
Hercules Chemical Co. reported a $69,800 net profit in July after
spending $75,000 on reorganization expenses, Bill Rochelle at
Bloomberg News reported.  According to the report, net revenue for
the month was $2.25 million.  Since its bankruptcy filing in
September 2008, it has incurred a cumulative net loss of $160,000
on aggregate net sales of $31.1 million.  Reorganization expenses
throughout the case total $1.4 million.

Headquartered in Passaic, New Jersey, Hercules Chemical Company
Inc. makes products for plumbing, hearing air conditioning and
electrical trades.  Owned by an employee stock ownership plan
trust, Hercules resorted to bankruptcy protection in the face of
more than 7,000 asbestos claims.

Hercules Chemical Co., Inc., filed for Chapter 11 bankruptcy
protection on September 18, 2008, with the U.S. Bankruptcy Court
for the District of New Jersey (Case No. 08-27822), blaming the
costs of asbestos-related lawsuits.  The asbestos suits arose from
a furnace cement product made between 1939 and 1983.

The Debtor first filed for bankruptcy on August 22, 2008, in the
U.S. Bankruptcy Court for the Western District of Pennsylvania
(Case No. 08-25553)) but the case was transferred to New Jersey,
where it is incorporated.

Gregory L. Taddonio, Esq., and Paul M. Singer, Esq., at Reed
Smith LLP, represent the Debtor.  Meyer, Unkovic & Scott LLP
represents the Debtor's Future Asbestos Personal Injury
Claimants.  When the Debtor filed for protection from its
creditors, it listed assets and debts between $10 million and
$50 million.


LTV CORP: Files Monthly Operating Report for July
-------------------------------------------------
On August 20, 2009, The LTV Corporation, et al., submitted to the
U.S. Bankruptcy Court for the Northern District of Ohio their
operating report for the period ended July 31, 2009, for the LTV
Integrated Steel Business.

For the month of July 2009, the LTV Integrated Steel Business
reported total cash receipts of $26,000 and total cash
disbursements of $204,000.  Ending cash balance was $10,735,000,
as shown below:

     Beginning cash               $10,913,000
     Add: Receipts                     26,000
     Total Available Cash         $10,939,000
     Less: Disbursements             $204,000
     Ending cash                  $10,735,000

A full-text copy of the Debtors' July 2009 operating report is
available for free at http://researcharchives.com/t/s?43ec

Headquartered in Cleveland, Ohio, The LTV Corp. is a manufacturer
with interests in steel and steel-related businesses, employing
some 17,650 workers and operating 53 plants in Europe and the
Americas.  The Company filed for chapter 11 protection on
December 29, 2000 (Bankr. N.D. Ohio, Case No. 00-43866).  On
August 31, 2001, the company listed $4,853,100,000 in assets and
$4,823,200,000 in liabilities.


MAGNA ENTERTAINMENT: Posts $8.8MM Net Loss From June 29 to Aug 2
----------------------------------------------------------------
On September 1, 2009, Magna Entertainment Corp. and several other
direct and indirect U.S. subsidiaries of the Company filed their
monthly operating report for the period from June 29, 2009, to
August 2, 2009, with the United States Bankruptcy Court for the
District of Delaware.

Magna Entertainment reported a net loss of $8,853,287 on zero
revenue for the period.  Cumulative filing to date net loss was
$39,851,998.

At August 2, 2009, the Company had $1,043,439,515 in total assets,
$500,146,416 in total liabilities, and $543,293,099 in net owner
equity.

A full-text copy of the monthly operating report is available for
free at http://researcharchives.com/t/s?43f2

                     About Magna Entertainment

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 50% 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.

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.
Mark D. Collins, Esq., L. Katherine Good, Esq., and Maris J.
Finnegan, Esq., at Richards, Layton & Finger, P.A., are the
Debtors' local counsel.  Miller Buckfire & Co. LLC is the Debtors'
investment banker and financial advisor.  Kurtzman Carson
Consultants LLC is the claims and noticing agent for the Debtors.

Magna Entertainment Corp. had total assets of US$1.054 billion and
total liabilities of US$947.3 million based on unaudited
consolidated financial statements as of December 31, 2008.


MERISANT WORLDWIDE: Reports $26.3 Million Net Loss in July
----------------------------------------------------------
Merisant Worldwide Inc. incurred a $26.3 million net loss in July
on net sales of $56.2 million, Bill Rochelle at Bloomberg News
reported.  According to the report, Gross profit was
$25.2 million, while restructuring costs totaled $17.9 million.

Merisant Worldwide has asked the Bankruptcy Court to extend the
exclusive periods during which only it may file a Chapter 11 plan
or plans of reorganization through and including October 20, 2009.

Merisant says that it has conducted the extensive operational,
financial, and legal analyses necessary to the formulation of a
confirmable plan of reorganization.  These efforts have resulted
in the development of a mature plan of reorganization term sheet
from which the Debtors continue to negotiate with (i) their agent
and lender under the Debtor-in-Possession Credit Agreement dated
February 13, 2009, Wayzata Investment Partners LLC, (ii) the
Official Committee of Unsecured Creditors, and (iii) an ad hoc
group of their prepetition secured lenders.  Discussions are
currently ongoing.

                     About Merisant Worldwide

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 had US$331,077,041 in
total assets and US$560,742,486 in total debts as of November 30,
2008.


MILACRON INC: Posts $7,568,000 Net Loss in July 2009
----------------------------------------------------
MI 2009 Inc., formerly known as Milacron Inc., on August 21, 2009,
filed with the United States Bankruptcy Court for the Southern
District of Ohio, Western Division, its monthly operating report
for July 2009.

The Company posted a net loss of $7,568,000 in July on total sales
of $20,672,000.

As of July 31, 2009, the Company had $527,881,000 in total assets,
and total post-petition liabilities of $128,270,000, total secured
liabilities of $188,362,000, and total prepetition liabilities of
$506,895,000, resulting in total deficit of $295,646,000.

A full-text copy of the July report is available at no charge at:

               http://ResearchArchives.com/t/s?43c4

Milacron and certain of its subsidiaries sold their assets to
Milacron LLC, a company formed by affiliates of Avenue Capital
Group, certain funds or accounts managed by DDJ Capital Management
LLC and certain other entities that together hold approximately
93% of the Company's 11-1/2% Senior Secured Notes, pursuant to a
Purchase Agreement dated as of May 3, 2009, as amended.

In return for the Debtors' assets, the Purchaser provided total
consideration of approximately $180 million, consisting of
repayment of the Company's debtor-in-possession loan facilities
(one of which was provided by the Participating Noteholders),
assumption of certain of the Debtors' other liabilities, including
ordinary course liabilities and other debt, credit bid of a
portion of the Participating Noteholders' Secured Notes and
payment of additional consideration to non-Participating
Noteholders.  The amount and nature of the consideration were
determined by arm's length negotiation between the parties.

                       About Milacron Inc.

Headquartered in Batavia, Ohio, Milacron Inc. (Pink Sheets: MZIAQ)
supplies plastics-processing technologies and industrial fluids,
with major manufacturing facilities in North America, Europe and
Asia.  First incorporated in 1884, Milacron also manufactures
synthetic water-based industrial fluids used in metalworking
applications.

The Company and six of its affiliates filed for protection on
March 10, 2009 (Bankr. S.D. Ohio Lead Case No. 09-11235).  On the
same day, the Company filed an ancillary proceeding for
reorganization of its Canadian subsidiary under the Companies'
Creditors Arrangement Act in the Ontario Superior Court of Justice
in Canada.  The petitions include the Company and its U.S. and
Canadian subsidiaries and its non-operating Dutch holding company
subsidiary only, and do not include any of the Company's operating
subsidiaries outside the U.S. and Canada.

Kim Martin Lewis, Esq., Tim J. Robinson, Esq., and Patrick D.
Burns, Esq., at Dinsmore & Shohl LLP, represent the Debtors in
their restructuring efforts.  Conway, Del Genio, Gries Co., LLC,
is the Debtors' financial advisor.  Rothschild Inc. is the
Debtors' investment banker and financial advisor.  Kurtzman Carson
Consultants LLC is the noticing, balloting and disbursing agent
for the Debtors.  Paul, Hastings, Janofsky & Walker LLP,
represents DIP Lender General Electric Capital Corp.  Taft
Stettinius & Hollister LLP is counsel for the Official Committee
of Unsecured Creditors.

At June 30, 2009, the Company had $528,548,000 in total assets and
$818,577,000 in total liabilities.

Milacron Inc. asked the Bankruptcy Court to change its name to MI
2009 Inc. following the Court-sanctioned sale of its assets to an
investor group.


MUZAK HOLDINGS: Reports $5.3 Million Net Loss in July
-----------------------------------------------------
According to reporting by Bloomberg's Bill Rochelle, Muzak
Holdings LLC reported a $5.3 million net loss in July on revenue
of $18 million.  Professional fees totaled $3 million while
interest expense was $3.8 million. Gross profit for the month was
$10.4 million.  Since filing, the cumulative net loss is
$21.6 million.

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
Debtors' counsel.  Klehr Harrison Harvey Branzburg & Ellers has
been tapped as local counsel.  Muzak's petition listed assets of
$324 million against debt of $465 million, including $101 million
owed on a senior secured credit facility, $220 million in senior
notes and $115 million in subordinated notes.


NEUMANN HOMES: Disbursement Total $504,802 in May
-------------------------------------------------

                Neumann Homes Inc., et al.
                Receipts and Disbursements
                 Month Ended May 31, 2009

Beginning Balance in All Accounts
Neumann Citibank Operating Account                   $334,765
Neumann Bank of America - old accounts (various)            -
Neumann Citibank - Customer Earnest Money Acct             15
Neumann Citibank - Funding/DIP Acct                    52,530
Neumann Petty Cash Account                                296
Neumann Citibank - Worker Comp Escrow                   8,234
Neumann Citibank - DIP Funding - Professional Acct          -
Neumann Citibank-Clublands Antioch Clubhouse          158,469
                                               --------------
                                                      554,311

Restricted - Neumann Citibank - Glen at Lakemoor
EM Acct                                                1,231
Restricted - IndyMac Escrow Acct - NeuVillage         125,609
Restricted - Chicago Title Escrow Acct -
Closed Homes                                         224,435
Restricted - Chicago Title Escrow Acct -
Lender Funded                                      1,377,147
Restricted - NHI KERP Account                          14,896
Restricted - Land Title Guarantee Escrow                    -
                                               --------------
                                                    1,743,319
                                               --------------
                                                    2,297,631

Receipts:
Operating Acct                                        367,065
Customer Earnest Money Acct-Ckg                             -
Customer Earnest Money Acct-MM                              -
Funding/DIP Account                                         -
Neumann Petty Cash Account                                650
Glen at Lakemoor EM acct                                    0
Clublands Antioch Clubhouse acct                           14
DIP Funding - Professional Acct                             -
Restricted Escrow held by CTT-Lender Funding                -
IndyMac Escrow for L/C-Leona's Neu Village                  -
Restricted Escrow held by CTT-(closings)                    -
NHI Worker Comp Escrow                                      -
NHI KERP Account                                            -
Employee Health Plan Contribution
                                               --------------
                                                      367,730

Disbursements:
Net Payroll:
Officers                                                   -
Others                                                (9,514)
                                               --------------
                                                       (9,514)

Taxes:
Federal Income Tax Withholding                        (1,146)
FICA/Medicare Withholdings EE                           (908)
Employer's FICA/Medicare ER                             (908)
Federal Unemployment Taxes ER                              -
State Income Tax Withholding                            (306)
State Unemployment Taxes ER                                -
                                               --------------
                                                       (3,269)

Necessary expenses:
Rent or mortgage payment(s)                           (3,546)
Utilities & phones                                      (803)
Insurance                                             (1,634)
Merchandise/services bought for manufacture/sale           -
Other:
Payroll Services                                        (455)
Benefit related including flex spending
Miscellaneous                                           (119)
Expense Reimbursement                                   (215)
Postage, shipping, copying                               (57)
Other - Transfer                                    (219,233)
Supplies & Storage & Misc.                               (56)
Temporary Labor
Consulting services                                  (31,772)
US Trustee Fees
Legal - Professional Fees                           (226,151)
Professional tax service fees
Filing Fees, Extension Fees                           (7,972)
Payroll tax adjustment
                                               --------------
                                                     (492,018)

Total Disbursements:                                 (504,802)
Net Receipts (Disbursements) for the
Current Period                                      (137,071)
                                               --------------
Ending Balance in all Accounts                     $2,160,559
                                               ==============

                       About Neumann Homes

Headquartered in Warrenville, Illinois, Neumann Homes Inc. --
http://www.neumannhomes.com/-- develops and builds residential
real estate throughout the Midwest and West US.  The company is
active in the Chicago area, southeastern Wisconsin, Colorado, and
Michigan.  The Company has built more than 11,000 homes in some
150 residential communities.  The Company offers formal business
training to employees through classes, seminars, and computer-
based training.

The Company filed for Chapter 11 protection on November 1, 2007
(Bankr. N.D. Ill. Case No. 07-20412).  George Panagakis, Esq., at
Skadded, Arps, Slate, Meagher & Flom L.L.P., was selected by the
Debtors to represent them in these cases.  The Official Committee
of Unsecured Creditors has selected Paul, Hastings, Janofsky &
Walker LLP, as its counsel in these bankruptcy proceeding.  When
the Debtors filed for protection from its creditors, they listed
assets and debts of more than $100 million.

(Neumann Bankruptcy News, Issue No. 29; Bankruptcy Creditors'
Services Inc. http://bankrupt.com/newsstand/or 215/945-7000)


NEUMANN HOMES: Disbursement Total $88,598 in June
-------------------------------------------------

                Neumann Homes Inc., et al.
                Receipts and Disbursements
                Month Ended June 30, 2009

Beginning Balance in All Accounts
Neumann Citibank Operating Account                   $416,496
Neumann Citibank - Customer Earnest Money Acct             15
Neumann Citibank - Funding/DIP Acct                         -
Neumann Petty Cash Account                                713
Neumann Citibank - Worker Comp Escrow                       -
Neumann Citibank - DIP Funding - Professional Acct          -
Neumann Citibank-Clublands Antioch Clubhouse               14
                                               --------------
                                                      417,239

Restricted - Neumann Citibank - Glen at Lakemoor
EM Acct                                                1,231
Restricted - IndyMac Escrow Acct - NeuVillage         125,609
Restricted - Chicago Title Escrow Acct -
Closed Homes                                         224,435
Restricted - Chicago Title Escrow Acct -
Lender Funded                                      1,377,147
Restricted - NHI KERP Account                          14,896
Restricted - Land Title Guarantee Escrow                    -
                                               --------------
                                                    1,743,320
                                               --------------
                                                    2,160,559

Receipts:
Operating Acct                                        159,294
Customer Earnest Money Acct-Ckg                             -
Customer Earnest Money Acct-MM                              -
Funding/DIP Account                                         -
Neumann Petty Cash Account                              1,055
Glen at Lakemoor EM acct                                    0
Clublands Antioch Clubhouse acct                            -
DIP Funding - Professional Acct                             -
Restricted Escrow held by CTT-Lender Funding                -
IndyMac Escrow for L/C-Leona's Neu Village                  -
Restricted Escrow held by CTT-(closings)                    -
NHI Worker Comp Escrow                                      -
NHI KERP Account                                            -
Employee Health Plan Contribution
                                               --------------
                                                      160,350

Disbursements:
Net Payroll:
Officers                                                   -
Others                                                (9,514)
                                               --------------
                                                       (9,514)

Taxes:
Federal Income Tax Withholding                        (1,146)
FICA/Medicare Withholdings EE                           (908)
Employer's FICA/Medicare ER                             (908)
Federal Unemployment Taxes ER                              -
State Income Tax Withholding                            (306)
State Unemployment Taxes ER                                -
                                               --------------
                                                       (3,269)

Necessary expenses:
Rent or mortgage payment(s)                           (3,546)
Utilities & phones                                      (733)
Insurance                                            (26,502)
Merchandise/services bought for manufacture or sale
Other:
Payroll Services                                        (220)
Benefit Related including flex spending
Miscellaneous
Expense Reimbursement                                   (551)
Postage, shipping, copying                               (14)
Other - Transfer
Supplies & Storage & Misc.                              (193)
Temporary Labor
Consulting services                                  (41,415)
US Trustee Fees
Legal - Professional Fees
Professional tax service fees                         (2,638)
Filing Fees, Extension Fees
Payroll tax adjustment
                                               --------------
                                                      (75,814)

Total Disbursements:                                  (88,598)
Net Receipts (Disbursements) for the
Current Period                                        71,751
                                               --------------
Ending Balance in all Accounts                     $2,232,311
                                               ==============

                       About Neumann Homes

Headquartered in Warrenville, Illinois, Neumann Homes Inc. --
http://www.neumannhomes.com/-- develops and builds residential
real estate throughout the Midwest and West US.  The company is
active in the Chicago area, southeastern Wisconsin, Colorado, and
Michigan.  The Company has built more than 11,000 homes in some
150 residential communities.  The Company offers formal business
training to employees through classes, seminars, and computer-
based training.

The Company filed for Chapter 11 protection on November 1, 2007
(Bankr. N.D. Ill. Case No. 07-20412).  George Panagakis, Esq., at
Skadded, Arps, Slate, Meagher & Flom L.L.P., was selected by the
Debtors to represent them in these cases.  The Official Committee
of Unsecured Creditors has selected Paul, Hastings, Janofsky &
Walker LLP, as its counsel in these bankruptcy proceeding.  When
the Debtors filed for protection from its creditors, they listed
assets and debts of more than $100 million.

(Neumann Bankruptcy News, Issue No. 29; Bankruptcy Creditors'
Services Inc. http://bankrupt.com/newsstand/or 215/945-7000)


NEUMANN HOMES: Disbursement Total $102,200 in July
--------------------------------------------------

                Neumann Homes Inc., et al.
                Receipts and Disbursements
                Month Ended July 31, 2009

Beginning Balance in All Accounts
Neumann Citibank Operating Account                   $487,399
Neumann Citibank - Customer Earnest Money Acct             15
Neumann Citibank - Funding/DIP Acct                         -
Neumann Petty Cash Account                              1,561
Neumann Citibank - Worker Comp Escrow                       -
Neumann Citibank - DIP Funding - Professional Acct          -
Neumann Citibank-Clublands Antioch Clubhouse               14
                                               --------------
                                                      488,991

Restricted - Neumann Citibank - Glen at Lakemoor
EM Acct                                                1,231
Restricted - IndyMac Escrow Acct - NeuVillage         125,609
Restricted - Chicago Title Escrow Acct -
Closed Homes                                         224,435
Restricted - Chicago Title Escrow Acct -
Lender Funded                                      1,377,147
Restricted - NHI KERP Account                          14,896
Restricted - Land Title Guarantee Escrow                    -
                                               --------------
                                                    1,743,320
                                               --------------
                                                    2,232,311

Receipts:
Operating Acct                                         51,902
Customer Earnest Money Acct-Ckg                             -
Customer Earnest Money Acct-MM                              -
Funding/DIP Account                                         -
Neumann Petty Cash Account                                250
Glen at Lakemoor EM acct                                    0
Clublands Antioch Clubhouse acct                            -
DIP Funding - Professional Acct                             -
Restricted Escrow held by CTT-Lender Funding                -
IndyMac Escrow for L/C-Leona's Neu Village                  -
Restricted Escrow held by CTT-(closings)                    -
NHI Worker Comp Escrow                                      -
NHI KERP Account                                            -
Employee Health Plan Contribution
                                               --------------
                                                       52,152

Disbursements:
Net Payroll:
Officers                                                   -
Others                                                (9,514)
                                               --------------
                                                       (9,514)

Taxes:
Federal Income Tax Withholding                        (1,146)
FICA/Medicare Withholdings EE                           (908)
Employer's FICA/Medicare ER                             (908)
Federal Unemployment Taxes ER                              -
State Income Tax Withholding                            (306)
State Unemployment Taxes ER                                -
                                               --------------
                                                       (3,269)

Necessary expenses:
Rent or mortgage payment(s)                           (3,546)
Utilities & phones                                    (1,608)
Insurance                                               (580)
Merchandise/services bought for manufacture or sale
Other:
Payroll Services                                        (320)
Benefit Related including flex spending
Miscellaneous                                           (137)
Expense Reimbursement                                   (808)
Postage, shipping, copying
Other - Transfer
Supplies & Storage & Misc.
Temporary Labor
Consulting services                                  (21,945)
US Trustee Fees                                       (6,500)
Legal - Professional Fees                            (53,969)
Professional tax service fees
Filing Fees, Extension Fees
Payroll tax adjustment
                                               --------------
                                                      (89,417)

Total Disbursements:                                 (102,200)
Net Receipts (Disbursements) for the
Current Period                                       (50,048)
                                               --------------
Ending Balance in all Accounts                     $2,182,263
                                               ==============

                       About Neumann Homes

Headquartered in Warrenville, Illinois, Neumann Homes Inc. --
http://www.neumannhomes.com/-- develops and builds residential
real estate throughout the Midwest and West US.  The company is
active in the Chicago area, southeastern Wisconsin, Colorado, and
Michigan.  The Company has built more than 11,000 homes in some
150 residential communities.  The Company offers formal business
training to employees through classes, seminars, and computer-
based training.

The Company filed for Chapter 11 protection on November 1, 2007
(Bankr. N.D. Ill. Case No. 07-20412).  George Panagakis, Esq., at
Skadded, Arps, Slate, Meagher & Flom L.L.P., was selected by the
Debtors to represent them in these cases.  The Official Committee
of Unsecured Creditors has selected Paul, Hastings, Janofsky &
Walker LLP, as its counsel in these bankruptcy proceeding.  When
the Debtors filed for protection from its creditors, they listed
assets and debts of more than $100 million.

(Neumann Bankruptcy News, Issue No. 29; Bankruptcy Creditors'
Services Inc. http://bankrupt.com/newsstand/or 215/945-7000)


NORTEL NETWORKS: Earns $4 Million in July 1 to August 1 Period
--------------------------------------------------------------
On August 31, 2009, Nortel Networks Inc. and several other
direct and indirect U.S. subsidiaries and certain affiliates of
Nortel Networks Limited filed their monthly operating report for
the period from July 1, 2009, to August 1, 2009, with the United
States Bankruptcy Court for the District of Delaware.

For the period, the Nortel Networks Inc. reported net income of
$4 million on total revenues of $214 million.  Reorganization
items - net amounted to $9 million.

At August 1, 2009, Nortel Networks Inc. had $3.23 billion in total
assets, $7.50 billion in total liabilities, and $4.27 billion in
shareholders' deficit.

A full-text copy of the Debtors' monthly operating report for the
period from July 1, 2009, to August 1, 2009, is available for free
at http://researcharchives.com/t/s?43ee

Headquartered in Ontario, Canada, Nortel Networks Corporation
(NYSE/TSX: NT) -- http://www.nortel.com/-- delivers next-
generation technologies, for both service provider and enterprise
networks, support multimedia and business-critical applications.
Nortel does business in more than 150 countries around the world.
Nortel Networks Limited is the principal direct operating
subsidiary of Nortel Networks Corporation.

Nortel Networks Corp., Nortel Networks Inc., and other affiliated
corporations in Canada sought insolvency protection under the
Companies' Creditors Arrangement Act in the Ontario Superior Court
of Justice (Commercial List).  Ernst & Young has been appointed to
serve as monitor and foreign representative of the Canadian Nortel
Group.  The Monitor also sought recognition of the CCAA
Proceedings in the Bankruptcy Court under Chapter 15 of the
Bankruptcy Code.

Nortel Networks Inc. and 14 affiliates filed separate Chapter 11
petitions on January 14, 2009 (Bankr. D. Del. Case No. 09-10138).
Judge Kevin Gross presides over the case.  James L. Bromley, Esq.,
at Cleary Gottlieb Steen & Hamilton, LLP, in New York, serves as
general bankruptcy counsel; Derek C. Abbott, Esq., at Morris
Nichols Arsht & Tunnell LLP, in Wilmington, serves as Delaware
counsel.  The Chapter 11 Debtors' other professionals are Lazard
Freres & Co. LLC as financial advisors; and Epiq Bankruptcy
Solutions LLC as claims and notice agent.

The Chapter 15 case is Bankr. D. Del. Case No. 09-10164.  Mary
Caloway, Esq., and Peter James Duhig, Esq., at Buchanan Ingersoll
& Rooney PC, in Wilmington, Delaware, serves as Chapter 15
petitioner's counsel.

Certain of Nortel's European subsidiaries have also made
consequential filings for creditor protection.  The Nortel
Companies related in a press release that Nortel Networks UK
Limited and certain subsidiaries of the Nortel group incorporated
in the EMEA region have each obtained an administration order
from the English High Court of Justice under the Insolvency Act
1986.  The applications were made by the EMEA Subsidiaries under
the provisions of the European Union's Council Regulation (EC)
No. 1346/2000 on Insolvency Proceedings and on the basis that
each EMEA Subsidiary's centre of main interests is in England.
Under the terms of the orders, representatives of Ernst & Young
LLP have been appointed as administrators of each of the EMEA
Companies and will continue to manage the EMEA Companies and
operate their businesses under the jurisdiction of the English
Court and in accordance with the applicable provisions of the
Insolvency Act.

As of September 30, 2008, Nortel Networks Corp. reported
consolidated assets of US$11.6 billion and consolidated
liabilities of US$11.8 billion.  The Nortel Companies' U.S.
businesses are primarily conducted through Nortel Networks Inc.,
which is the parent of majority of the U.S. Nortel Companies.  As
of September 30, 2008, NNI had assets of about US$9 billion and
liabilities of US$3.2 billion, which do not include NNI's
guarantee of some or all of the Nortel Companies' about
US$4.2 billion of unsecured public debt.

Bankruptcy Creditors' Service, Inc., publishes Nortel Networks
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
and ancillary foreign proceedings undertaken by Nortel Networks
Corp. and its various affiliates.  (http://bankrupt.com/newsstand/
or 215/945-7000)


OPUS SOUTH: Records $7.9 Mil. Net Loss for July
-----------------------------------------------

                     Opus South Corporation
                         Balance Sheet
                      As of July 31, 2009

ASSETS:

Cash & cash equivalents                             $1,184,761
Receivables:
  Construction contracts                             4,378,468
  Related party                                      4,210,872
  Management fees                                            -
  Other                                             (2,492,622)
                                                  ------------
Total receivables                                    6,096,718

Costs & estimated earnings                             153,232
Prepaid expenses & other assets                        546,990
Pursuit costs                                                -
Real estate:
  Completed                                                153
  Under construction                                         -
  Land held for development                          4,917,637
  Real estate held for investment                            -
  Investment in real estate ventures                 1,949,659
  Accumulated depreciation                                   -
                                                  ------------
Total real estate                                    6,867,449

Notes receivable                                             -
Investment in subsidiaries                          52,096,999
Property & equipment, net                               22,059
                                                  ------------
Total assets                                       $66,968,208
                                                  ============

LIABILITIES:

Accounts payable                                   $11,002,645
Accrued expenses                                     1,940,718
Accrued income taxes                                         -
Billings in excess of costs                          2,458,653
Mortgages and notes payable                         61,500,000
Subordinated notes payable                                   -
Postpetition accounts payable                          112,550
Postpetition accrued expenses                           60,932
                                                  ------------
Total liabilities                                   77,075,498

Minority interest in subsidiary                              -

EQUITY:

Common stock                                             9,660
Additional paid-in capital                          71,174,223
Prepetition retained earnings                      (72,692,507)
Postpetition retained earnings                      (8,598,666)
                                                  ------------
Total equity                                       (10,107,290)
                                                  ------------
Total liabilities & equity                         $66,968,208
                                                  ============


                     Opus South Corporation
                        Income Statement
                 For the month ended July 31, 2009

Gross Revenues:
  Construction - related party                              $0
  Construction - 3rd party                                   0
  Real estate                                                0
  Rental property                                            0
  Management fee                                             0
                                                  ------------
Total gross revenues                                         0

Gross Margin:
  Construction - related party                             590
  Construction - 3rd party                                   0
  Real estate                                       (7,379,797)
  Rental property                                            0
  Management fee                                             0
                                                  ------------
Total gross margin                                  (7,379,207)

Other Income:
  Interest                                                   -
  Real estate ventures                                       -
  Other                                               (363,545)
                                                  ------------
Total income                                        (7,742,753)

Expenses:
  Salary and related                                    67,107
  General & administrative                              75,475
  Reorganization expenses                                    -
  Project costs capitalized                                  -
  Interest                                              42,920
  Interest capitalized                                       -
  Corporate overhead & variable compensation               524
  Charitable contributions                                   -
                                                  ------------
Total expenses                                         186,026

Income(Loss) before minority interest & taxes       (7,928,779)
  Minority Int. in income(loss) loss of cons sub             -
                                                  ------------
Income(Loss) before taxes                           (7,928,779)
                                                  ------------
Net income(loss)                                   ($7,928,779)
                                                  ============

                       Opus South Corporation
                    Cash Receipts & Disbursements
                  For the month ended July 31, 2009

Cash - beginning of period                          $1,515,686

Receipts:
Cash sales                                                   -
Accounts receivable                                         -
Loans & advances                                            -
Sale of assets                                            960
Other                                                  25,536
Transfers from DIP accts.                               4,238
Transfers from non-DIP accts.                               -
                                                  ------------
Total receipts                                          30,734

Disbursements:
Net payroll                                            62,602
Payroll taxes                                          25,106
Sales, use, & other taxes                              20,078
Inventory purchases                                         -
Secured/rental/leases                                 200,000
Insurance                                                   -
Administrative                                         36,322
Selling                                                     -
Other                                                       -
Owner draw                                                  -
Transfers to DIP Accts.                                     -
Professional fees                                           -
U.S. Trustee quarterly fee                             17,550
Court costs                                                 -
                                                  ------------
Total disbursements                                    361,660
                                                  ------------
Net cash flow                                         (330,925)
                                                  ------------
Cash - end of period                                $1,184,761
                                                  ============

                         About Opus South

Headquartered in Atlanta, Georgia, Opus South Corporation --
http://www.opuscorp.com/-- provides an array of real estate
related services across the United States including real estate
development, architecture & engineering, construction and project
management, property management and financial services.

The Company and its affiliates filed for Chapter 11 on April 22,
2009 (Bankr. D. Del. Lead Case No. 09-11390).  Victoria Watson
Counihan, Esq., at Greenberg Traurig, LLP, represents the Debtors
in their restructuring efforts.  The Debtors propose to employ
Landis, Rath & Cobb, LLP, as conflicts counsel, Chatham Financial
Corporation as real estate broker, Delaware Claims Agency LLC as
claims agent.  The Debtors have assets and debts both ranging from
$50 million to $100 million.

Bankruptcy Creditors' Service, Inc., publishes Opus West
Bankruptcy News.  The newsletter tracks the separate Chapter 11
proceedings of Opus West Corp. and Opus South Corp. and their
related debtor-affiliates. (http://bankrupt.com/newsstand/
or 215/945-7000)

Smurfit Turns July Profit, Cash Rises to $672 Million
Smurfit-Stone Container Corp., the corrugated container and
containerboard maker that filed under Chapter 11 in January,
reported net income of $29 million in July on sales of
$481 million.  Income before reorganization items for the month
was $35.8 million.  From the inception of the reorganization, net
income is $34.6 million on $2.87 billion revenue.  The July
operating report showed Smurfit-Stone holding $672 million cash
and equivalents.  The Chapter 11 petition by the Chicago-based
company listed assets of $7.45 billion against debt totaling
$5.58 billion as of Sept. 30.  Debt includes $1.2 billion under
secured revolving-credit and term-loan agreements, five issues
of unsecured notes totaling $2.275 billion, $388 million under
an accounts receivable securitization facility, and $284 million
owing on tax-exempt bonds.  The case is In re Smurfit-Stone
Container Corp., 09-10235, U.S. Bankruptcy Court, District of
Delaware (Wilmington).


OPUS WEST: Records $162,000 Net Loss for July
---------------------------------------------

                     Opus West Corporation
                         Balance Sheet
                      As of July 31, 2009

ASSETS:

Unrestricted cash                                    $3,307,583
Restricted cash                                               0
                                                   ------------
Total cash                                            3,307,583

Accounts receivable                                   3,204,565
Inventory                                                     0
Notes receivable                                      6,370,719
Prepaid expenses                                        345,943
Other security deposits                                  57,339
                                                   ------------
Total current assets                                 13,286,149

Property, plant, & equipment                            702,509
Less: accumulated depreciation/depletion                496,990
                                                   ------------
Net property, plant, & equipment                        205,519

Due from insiders                                             0
Other assets                                        230,516,267
                                                   ------------
Total assets                                       $244,007,935
                                                   ============


POSTPETITION LIABILITIES:
Accounts payable                                           $644
Taxes payable                                            82,535
Notes payable                                                 0
Professional fees                                             0
Secured debt                                                  0
Other - employee benefits                                58,158
                                                   ------------
Total postpetition liabilities                         $141,337

PREPETITION LIABILITIES:
Secured debt                                        $33,514,906
Priority debt                                           431,734
Unsecured debt                                      239,917,394
Other - GAAP accruals                                 5,242,975
                                                   ------------
Total prepetition liabilities                       279,107,009
                                                   ------------
Total liabilities                                   279,248,346

EQUITY:
Prepetition owners' equity                          (35,078,352)
Postpetition cumulative profit (loss)                  (162,059)
Direct charges to equity                                      0
                                                   ------------
Total equity                                        (35,240,411)
                                                   ------------
Total liabilities & owners' equity                 $244,007,935
                                                   ============

                     Opus West Corporation
                       Income Statement
                For the month ended July 31, 2009

Revenues:
Gross revenue                                                $0
Less: returns & discounts                                     0
                                                   ------------
Net revenue                                                   0

Cost of Goods Sold:
Material                                                     0
Direct labor                                                 0
Direct overhead                                              0
                                                   ------------
Total cost of goods sold                                      0

Gross profit                                                  0

Operating Expenses:
Officer/insider compensation                            38,263
Selling & marketing                                          0
General & administrative                               400,439
Rent & lease                                            26,587
Other                                                        0
                                                   ------------
Total operating expenses                               $465,269

Income before non-operating income & expense          ($465,269)

Other Income & Expenses:
Non-operating income                                 ($303,172)
Non-operating expense                                        0
Interest expense                                             0
Depreciation/depletion                                       0
Amortization                                                 0
Other - interest income                                    (38)
                                                   ------------
Net other income & expenses                            (303,210)

Reorganization Expenses:
Professional fees                                            0
U.S. Trustee fees                                            0
Other                                                        0
                                                   ------------
Total reorganization expenses                                 0
                                                   ------------
Income tax                                                    0
                                                   ------------
Net profit(loss)                                      ($162,059)
                                                   ============

                      Opus West Corporation
                  Cash Receipts & Disbursements
                For the month ended July 31, 2009

Cash - beginning of period                           $3,573,628

Receipts From Operations:
Cash sales                                                    0

Collection of Accounts Receivable:
Prepetition                                                  0
Postpetition                                                 0
                                                   ------------
Total operating receipts                                      0

Non-operating Receipts:
Loans & advances                                             0
Sale of assets                                               0
Other                                                  323,955
                                                   ------------
Total non-operating receipts                            323,955

Total receipts                                          323,955

Total cash available                                  3,897,583

Operating Disbursements:
Net payroll                                            239,991
Payroll taxes paid                                      64,657
Sales, use & other taxes paid                                0
Secured/rental/leases                                   26,567
Utilities                                                    0
Insurance                                                    0
Inventory purchases                                          0
Vehicle expenses                                             0
Travel                                                   6,437
Entertainment                                              866
Repairs & maintenance                                        0
Supplies                                                   500
Advertising                                                844
Other                                                  250,138
                                                   ------------
Total operating disbursements                           590,000

Reorganization Expenses:
Professional fees                                            0
U.S. Trustee fees                                            0
Other                                                        0
                                                   ------------
Total reorganization expenses                                 0
                                                   ------------
Total disbursements                                     590,000
                                                   ------------
Net cash flow                                         ($266,045)
                                                   ------------
Cash - end of period                                 $3,307,583
                                                   ============

                          Opus West L.P.
                          Balance Sheet
                       As of July 31, 2009

ASSETS:

Unrestricted cash                                      $244,288
Restricted cash                                               0
                                                   ------------
Total cash                                              244,288

Accounts receivable                                     231,288
Inventory                                                     0
Notes receivable                                              0
Prepaid expenses                                          9,294
Other security deposits                                   2,000
                                                   ------------
Total current assets                                    486,870

Property, plant, & equipment                             39,678
Less: accumulated depreciation/depletion                 27,113
                                                   ------------
Net property, plant, & equipment                         12,565

Due from insiders                                             0
Other assets                                        112,945,234
                                                   ------------
Total assets                                       $113,444,669
                                                   ============

POSTPETITION LIABILITIES:
Accounts payable                                         $7,394
Taxes payable                                                 0
Notes payable                                                 0
Professional fees                                             0
Secured debt                                                  0
Other - employee benefits                                     0
                                                   ------------
Total postpetition liabilities                            7,394

PREPETITION LIABILITIES:
Secured debt                                        $60,731,305
Priority debt                                                 0
Unsecured debt                                       47,064,107
Other - GAAP accruals                                 2,177,427
                                                   ------------
Total prepetition liabilities                       109,972,839
                                                   ------------
Total liabilities                                   109,980,233

EQUITY:
Prepetition owners' equity                            3,414,226
Postpetition cumulative profit(loss)                     50,210
Direct charges to equity                                      0
                                                   ------------
Total equity                                          3,464,436
                                                   ------------
Total liabilities & owners' equity                 $113,444,669
                                                   ============

                        Opus West L.P.
                       Income Statement
                For the month ended July 31, 2009

Revenues:
Gross revenue                                          $211,322
Less: returns & discounts                                     0
                                                   ------------
Net revenue                                             211,322

Cost of Goods Sold:
Material                                                      0
Direct labor                                                  0
Direct overhead                                           6,878
                                                   ------------
Total cost of goods sold                                  6,878

Gross profit                                            204,444

Operating Expenses:
Officer/insider compensation                                 0
Selling & marketing                                          0
General & administrative                                     0
Rent & lease                                                 0
Other                                                        0
                                                   ------------
Total operating expenses                                      0

Income before non-operating income & expense            204,444

Other Income & Expenses:
Non-operating income                                    27,712
Non-operating expense                                        0
Interest expense                                       126,522
Depreciation/depletion                                       0
Amortization                                                 0
Other - interest income                                      0
                                                   ------------
Net other income & expenses                             154,234

Reorganization Expenses:
Professional fees                                            0
U.S. Trustee fees                                            0
Other                                                        0
                                                   ------------
Total reorganization expenses                                 0
                                                   ------------
Income tax                                                    0
                                                   ------------
Net profit(loss)                                        $50,210
                                                   ============

                         Opus West L.P.
                  Cash Receipts & Disbursements
                For the month ended July 31, 2009

Cash - beginning of period                                   $0

Receipts From Operations:
Cash sales                                              244,521

Collection of Accounts Receivable:
Prepetition                                                  0
Postpetition                                                 0
                                                   ------------
Total operating receipts                                244,521

Non-operating Receipts:
Loans & advances                                             0
Sale of assets                                               0
Other                                                        0
                                                   ------------
Total non-operating receipts                                  0

Total receipts                                          244,521

Total cash available                                    244,521

Operating Disbursements:
Net payroll                                                  0
Payroll taxes paid                                           0
Sales, use & other taxes paid                                0
Secured/rental/leases                                        0
Utilities                                                  133
Insurance                                                    0
Inventory purchases                                          0
Vehicle expenses                                             0
Travel                                                       0
Entertainment                                                0
Repairs & maintenance                                        0
Supplies                                                   100
Advertising                                                  0
Other                                                        0
                                                   ------------
Total operating disbursements                               233

Reorganization Expenses:
Professional fees                                             0
U.S. Trustee fees                                             0
Other                                                         0
                                                   ------------
Total reorganization expenses                                 0
                                                   ------------
Total disbursements                                         233
                                                   ------------
Net cash flow                                          $244,288
                                                   ------------
Cash - end of period                                   $244,288
                                                   ============

                   Other Opus West Affiliates

Three affiliates of Opus West Corporation also delivered separate
individual monthly operating reports to the Court.  The Opus West
affiliates reported these assets and liabilities as of July 31,
2009:

Debtor Affiliate                 Total Assets     Total Debts
----------------                --------------  --------------
Opus West Construction Corp.       $8,848,744     $40,560,136
OW Commercial, Inc.                24,848,570      26,685,233
Opus West Partners, Inc.           13,192,558               0

The Debtor affiliates listed net income or loss for the period
from July 1 to 31, 2009:

Company                                    Net Income (Loss)
-------------                              ----------------
Opus West Construction Corp.                      ($14,316)
OW Commercial Inc.                              (2,307,399)
Opus West Partners Inc.                            245,779

The Debtor affiliates also reported their cash receipts and
disbursements for the reporting period:

Company                   Receipts   Disbursements  Cash Flow
-------------           -----------  -------------  ---------
Opus West Construction    $705,050        $246,316   $458,734
OW Commercial Inc.               0           3,288      3,288
Opus West Partners Inc.          0               0          0

                     About Opus West Corporation

Based in Phoenix, Arizona, Opus West Corporation is a full-service
real estate development firm that focuses on acquiring,
constructing, operating, managing, leasing and/or disposing of
real estate development projects primarily located in the western
United States.

Opus West and its affiliates filed for Chapter 11 on July 6, 2009
(Bankr. N.D. Tex. Case No. 09-34356).  Clifton R. Jessup, Jr., at
Greenberg Traurig, LLP, represents the Debtors in their
restructuring efforts.  Franklin Skierski Lovall Hayward, LLP, is
co-counsel to the Debtors. Pronske & Patel, P.C., is conflicts
counsel.  Chatham Financial Corp. is financial advisor.  BMC Group
is the Company's claims and notice agent.  As of May 31, Opus West
-- together with its non-debtor affiliates -- had $1,275,334,000
in assets against $1,462,328,000 in debts.  In its bankruptcy
petition, Opus West said it had assets and debts both ranging from
$100 million to $500 million.

Opus West joins affiliates that previously filed for bankruptcy.
Opus East LLC, a real estate operator from Rockville, Maryland,
commenced a Chapter 7 liquidation on July 1 in Delaware.  Opus
South Corp., a Florida condominium developer based in Atlanta,
filed a Chapter 11 petition April 22 in Delaware.

Bankruptcy Creditors' Service, Inc., publishes Opus West
Bankruptcy News.  The newsletter tracks the separate Chapter 11
proceedings of Opus West Corp. and Opus South Corp. and their
related debtor-affiliates. (http://bankrupt.com/newsstand/
or 215/945-7000)


PILGRIM'S PRIDE: Records $18.36 Million Profit for July
-------------------------------------------------------

                 Pilgrim's Pride Corporation
                         Balance Sheet
                      As of July 25, 2009

                             ASSETS

Unrestricted Cash                                   $73,246,447
Restricted                                                1,714
Accounts receivable - net                           258,078,010
Intercompany accounts receivable                    188,711,116
Inventory                                           754,023,220
Notes receivable                                              0
Prepaid expenses                                     12,863,207
                                                 --------------
Total current assets                              1,286,923,713

Property, plant and equipment
Other assets                                      1,309,063,477
Less: Accumulated depreciation                      774,451,171
                                                 --------------
Net Property, Plant & Equipment                     534,612,306

Other assets                                      1,206,213,960
                                                 --------------
Total assets                                     $3,027,749,980
                                                 ==============

                      LIABILITIES

Postpetition Liabilities:
Accrued expenses                                             $-
Taxes payable                                        19,019,312
Notes payable (DIP Financing)                                 0
Professional fees (accrued est)                      12,310,500
Secured debt (accrued int)                           21,345,083
Others                                              133,473,687
                                                 --------------
Total postpetition liabilities                      186,148,582

Prepetition liabilities:
Secured debt                                      1,343,159,972
Priority debt                                           283,775
Unsecured debt                                      829,436,313
Other                                               592,101,958
                                                 --------------
Total prepetition liabilities                     2,764,982,018

Total Liabilities                                 2,951,130,600

Equity:
Prepetition owners' equity                          531,687,077
Postpetition cumulative profit (loss)               (56,807,319)
Direct charges to equity                           (398,260,377)
                                                 --------------
Total Equity                                         76,619,380

Total Liabilities & owners' equity               $3,027,749,980
                                                 ==============

                Pilgrim's Pride Corporation
                      Income Statement
             For the Month Ended July 25, 2009

Revenues:
Gross Revenue                                      $476,333,086
Less: Returns and discounts                          7,192,047
                                                  -------------
Net Revenue                                         469,141,039

Cost of Goods Sold:
Cost of goods sold                                  412,768,639
                                                  -------------
Total cost of goods sold                            412,768,639

Gross profit                                         56,372,400

Operating Expenses:
Officer/insider compensation                            674,590
General & administrative                             19,615,790
Other                                                    11,677
                                                  -------------
Total operating expenses                             20,302,056

Income before non-operating income & expense         36,070,344

Other Income & Expenses:
Financing expenses                                   11,388,265
Other                                                  385,282

Reorganization Expenses:
Professional fees                                    4,755,000
U.S. Trustee fees                                            0
Other reorganization items                           1,172,409
                                                 -------------
Total reorganization expenses                        5,927,409
Income tax                                              12,305
                                                 -------------
Net Profit (Loss)                                  $18,357,084
                                                 =============

                 Pilgrim's Pride Corporation
               Cash Receipts & Disbursements
             For the Month Ended July 25, 2009

Cash - Beginning of month                          $86,929,737
Cash sales                                                   0
Collection of Accounts Receivable:
Total operating receipts                           471,484,565
Non-Operating Receipts:
Loans & advances                                             0
Others                                               8,199,878
                                                  ------------
Total Non-operating receipts                         8,199,878

Total receipts                                     479,684,443
Total Cash Available                               566,614,180

Operating Disbursement:
Customer programs                                    7,548,861
Growing and feeding                                224,266,150
Contractors, repair and maintenance                 14,352,168
Fleet and freight                                   26,048,644
General insurance                                    2,085,976
Leases/rentals                                       3,008,977
Meat/food                                           14,475,015
Packaging/ingredients                               36,051,154
Gross payroll                                       95,804,477
Utilities                                           16,603,260
Other                                               27,861,773
Capital expenditure                                  5,649,715
                                                  ------------
Total Operating Disbursements                      473,756,169

Reorganization Expenses:
Professional fees                                    1,892,809
U.S. Trustee fees                                            0
Other reorganization                                12,250,356
                                                  ------------
Total reorganization expenses                       14,143,166

Total disbursements                                487,899,335
                                                  ------------
Net cash flow                                       (8,214,892)

Changes in cash management obligations                (748,253)

Cash - End of Month                                $77,966,592
                                                  ============

                   About Pilgrim's Pride

Headquartered in Pittsburgh, Texas, Pilgrim's Pride Corporation
(Pink Sheets: PGPDQ) -- http://www.pilgrimspride.com/-- employs
roughly 41,000 people and operates chicken processing plants and
prepared-foods facilities in 14 states, Puerto Rico and Mexico.
The Company's primary distribution is through retailers and
foodservice distributors.

Pilgrim's Pride Corp. and six other affiliates filed Chapter 11
petitions on December 1, 2008 (Bankr. N.D. Tex. Lead Case No.
08-45664).  The Debtors' operations in Mexico and certain
operations in the United States were not included in the filing
and continue to operate as usual outside of the Chapter 11
process.

Pilgrim's Pride has engaged Stephen A. Youngman, Esq., Martin A.
Sosland, Esq., and Gary T. Holzer, Esq., at Weil, Gotshal & Manges
LLP, as bankruptcy counsel.  The Debtors have also tapped Baker &
McKenzie LLP as special counsel.  Lazard Freres & Co., LLC, is the
company's investment bankers and William K. Snyder of CRG Partners
Group LLC as chief restructuring officer.  The Company's claims
and noticing agent is Kurtzman Carson Consulting LLC.

A nine-member committee of unsecured creditors has been appointed
in the case.

As of December 27, 2008, the Company had $3,215,103,000 in total
assets, $612,682,000 in total current liabilities, $225,991,000 in
total long-term debt and other liabilities, and $2,253,391,000 in
liabilities subject to compromise.

Bankruptcy Creditors' Service, Inc., publishes Pilgrim's Pride
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
of Pilgrim's Pride Corp. and its various affiliates.


QSGI INC: Files Initial Monthly Operating Report
------------------------------------------------
QSGI, Inc., filed on August 18, 2009, its monthly operating report
for the period July 3, 2009, to July 31, 2009, with the U.S.
Bankruptcy Court for the Southern District of Florida.

At July 31, 2009, QSGI had ($10,520) ending cash balance, as
follows:

    Funds at beginning of period           $0
    Total Receipts                   $358,578
    Total Funds Available            $358,578
    Total Disbursements              $369,099
    Ending Balance                   ($10,520)

At July 31, 2009, QSGI had $7,984,598 in total assets, $18,132,576
in total liabilities, and $10,147,978 in shareholders' deficit.

A full-text copy of QSGI's initial monthly operating report is
available at no cost at http://researcharchives.com/t/s?43ef

Palm Beach, Florida-based QSGI, Inc., and its affiliates provide
technology services and maintenance geared towards both uses of
enterprise class hardware as well as the uses of business -
competing hardware. The Debtors filed for Chapter 11 on July 2,
2009 (Bankr. S.D. Fla. Lead Case No. 09-23658). Bradley S.
Shraiberg, Esq. at Shraiberg, Ferrara, Landau P.A. represents the
Debtors in their restructuring efforts. The Debtors listed
between $10 million and $50 million each in assets and debts.


RATHGIBSON INC: Loses $3.9 Million for Last Half of July
--------------------------------------------------------
RathGibson Inc. reported a $3.9 million net loss from the July 13
bankrutpcy filing date through the end of the month. The loss from
operations was $5.4 million on net sales of $11.8 million.

Based in Lincolnshire, Illinois, RathGibson Inc. --
http://www.RathGibson.com/, http://www.GreenvilleTube.com/and
http://www.ControlLine.com/-- is a worldwide manufacturer of
highly engineered stainless steel, nickel, and titanium tubing for
diverse industries such as chemical, petrochemical, energy --
power generation, energy -- oil and gas, food, beverage,
pharmaceutical, biopharmaceutical, medical, biotechnology, and
general commercial.

Manufacturing locations include: Janesville, Wisconsin, North
Branch, New Jersey, Clarksville, Arkansas (Greenville Tube), and
Marrero, Louisiana (Mid-South Control Line).  In addition to the
sales offices in Janesville, North Branch, and Marrero, RathGibson
has also strategically placed sales offices in Houston, Texas,
USA; Shanghai, China; Manama, Bahrain; Melbourne, Australia;
Seoul, Republic of Korea; Mumbai, India; Singapore; Vienna,
Austria; and Buenos Aires, Argentina.

RathGibson, Inc., together with three affiliates, filed for
Chapter 11 on June 13, 2009 (Bankr. D. Del. Case No. 09-12452).
Attorneys at Young, Conaway, Stargatt & Taylor and Willkie Farr &
Gallagher LLP serve as co-counsel.  Jefferies & Company Inc. and
Mesirow Financial Consulting LLC have been hired as financial
advisors.  Kelley Drye & Warren LLP serves as special corporate
counsel.  Garden City Group is claims and notice agent.  The
petition says that Rathgibson has assets and debts of $100 million
to $500 million.

Scott Welkis, Esq., Kristopher M. Hansen, Esq., and Jayme T.
Goldstein, Esq., at Stroock & Stroock & Lavan represent Wilmington
Trust FSB, as administrative agent, and an ad hoc committee of
certain holders of Senior Notes.  Attorneys at Richards, Layton &
Finger P.A., also represent the ad hoc noteholders committee.


REFCO INC: Refco LLC Trustee Has $48.8-Mil. In Cash at June's End
-----------------------------------------------------------------
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 June 1 to 30,
2009.

The Chapter 7 Trustee reported that Refco LLC's beginning balance
in its Money Market account with JPMorgan Chase Bank, N.A.,
totaled $49,315,000, as of June 1.

During the Reporting Period, Refco LLC received $12,000 in
interest income.  No transfers were made, Mr. Togut noted.

Refco LLC held $48,880,000 at the end of the period.

                        Refco, LLC
        Schedule of Cash Receipts and Disbursements
    Through JPMorgan Money Market and Checking Accounts
                   June 1 through 30, 2009

Beginning Balance, June 1, 2009                      $49,315,000

RECEIPTS
Interest Income                                           12,000
Sale of Assets                                                 0
Marshalling of Excess Capital                                  0
Man Financial - Excess Capital return                          0
Membership and Clearing Deposits                               0
Other Receivables                                          6,000
                                                   -------------
TOTAL RECEIPTS                                           18,000

TRANSFERS
Money Market Account to checking account                       0
December 2008 cleared checks                                   0
                                                   -------------
TOTAL TRANSFERS                                               0

DISBURSEMENTS
Operating expenses & other disbursements                 443,000
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                       0
Other disbursements                                            0

Reorganization Expenses
Attorney fees                                                 0
Trustee bond premium                                          0
Other professional fees                                  10,000
                                                   -------------
TOTAL DISBURSEMENTS                                    $453,000
                                                   -------------
Ending Balance, May 31, 2009                         $48,880,000
                                                   =============

                         About Refco Inc.

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 October 17, 2005 (Bankr. S.D.N.Y. Case No. 05-
60006).  J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher
& Flom LLP, represented the Debtors in their restructuring
efforts.  Milbank, Tweed, Hadley & McCloy LLP, represented 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 December 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.

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


SILICON GRAPHICS: Ends July 2009 with $4,777,603 Cash
-----------------------------------------------------
Graphics Properties Holdings, Inc. f/k/a Silicon Graphics, Inc.,
and certain other debtor-in-possession subsidiaries filed
unaudited unconsolidated Monthly Operating Reports for the period
from July 1, 2009 to July 31, 2009, with the United States
Bankruptcy Court for the Southern District of New York.

Graphics Properties ended July 2009 with cash of $4,777,603, after
total disbursements of $817,576 and $0 receipts.  It began the
month with $5,595,179 cash.

A full-text copy of the July report is available at no charge at:

               http://ResearchArchives.com/t/s?43bf

As reported by the Troubled Company Reporter on August 25, 2009,
Silicon Graphics and its affiliated debtors filed with the
Bankruptcy Court a disclosure statement for its joint Chapter 11
plan of reorganization, wherein (i) holders of allowed claims will
receive a greater recovery from the estates of the Debtors than
the recovery that they would receive in a liquidation of the
Debtors under chapter 7 of the Bankruptcy Code, and (ii) the
Debtors will afford the opportunity and ability to restructure and
operate its businesses going forward as a viable going concern.

According to the disclosure statement, if Plan is not confirmed,
the Debtors will be forced to liquidate all assets and distribute
the proceeds to the holders of prepetition credit agreement
secured claims.  There would be a significantly reduced recovery
for the holders of prepetition credit agreement secured claims and
no recovery for holders of priority tax claims, priority claims,
and general unsecured claims.

Shares of new common stock describe in the Debtors' disclosure
statement will be issued without registration under the Securities
Act of 1933, as amended.

A hearing is set for Sept. 15, 2009, at 10:00 a.m., to consider
approval of the disclosure statement.  Objections, if any, are due
Sept. 10, 2009, at 5:00 p.m.

A full-text copy of the disclosure statement is available for free
at http://ResearchArchives.com/t/s?42d6

A full-text copy of the plan of reorganization is available for
free at http://ResearchArchives.com/t/s?42d7

                       About Silicon Graphics

Headquartered in Sunnyvale, California, Silicon Graphics Inc. --
http://www.sgi.com/-- delivers an array of server, visualization,
and storage software.

This is the second bankruptcy filing for Silicon Graphics.  The
Debtors first filed for Chapter 11 on May 8, 2006 (Bankr. S.D.N.Y.
Case Nos. 06-10977 through 06-10990).  Gary Holtzer, Esq., and
Shai Y. Waisman, Esq., at Weil Gotshal & Manges LLP, represent the
Debtors in their restructuring efforts.  The Court confirmed
the Debtors' Plan of Reorganization on September 19, 2006.  When
the Debtors filed for protection from their creditors, they listed
total assets of $369,416,815 and total debts of $664,268,602.

The Company and 14 of its affiliates filed for protection for the
second time on April 1, 2009 (Bankr. S.D.N.Y. Lead Case No.
09-11701).  Mark R. Somerstein, Esq., at Ropes & Gray LLP,
represents the Debtors in their restructuring efforts.  The
Debtors proposed AlixPartners LLC as restructuring advisor;
Houlihan Lokey Howard & Zukin Capital, Inc., as financial advisor;
and Donlin, Recano & Company, Inc., as claims and noticing agent.
When the Debtors filed for protection from their creditors, they
listed $390,462,000 in total assets and $526,548,000 in total
debts as of 2008.

On June 4, 2009, the Company amended its Amended and Restated
Certificate of Incorporation pursuant to the Certificate of
Amendment of Amended and Restated Certificate of Incorporation of
Silicon Graphics, Inc., to change its name to Graphics Properties
Holdings, Inc.


STAR TRIBUNE: Reports $831,000 Net Loss in August
-------------------------------------------------
According to Bill Rochelle at Bloomberg News, Minneapolis Star
Tribune reported an $831,000 net loss for the month ended Aug. 2
on revenue of $16.6 million.  Operating income for the month was
$24,000.

Star Tribune will seek the Bankruptcy Court's confirmation of its
proposed going concern plan at hearings scheduled to begin
September 17.

The reorganization plan offers a 29.8% to 36.1% recovery to first-
lien lenders in the form of new common stock and secured notes.
Unsecured creditors will recover between 0.5% and 1.3% of their
claims with cash or stock and warrants.  Holders of convenience
claims will be paid 0.9% of the allowed amount of their claims.
Holders of administrative and priority tax claims and holders of
other priority claims and other secured claims will be paid in
full.  The first lien lenders and unsecured creditors will be
entitled to vote on the Plan.  Holders of equity interests will
not receive any distributions under the Plan and will be deemed to
reject the Plan.

Headquartered in Minneapolis, Minnesota, The Star Tribune Company
-- http://www.startribune.com/-- operates the largest newspaper
in the state of Minnesota and published seven days each week in an
edition for the Minneapolis-Saint Paul metropolitan area.  The
Company and its affiliate, Star Tribune Holdings Corporation,
filed for Chapter 11 protection on January 15, 2009 (Bankr.
S.D.N.Y. Lead Case No. 09-10244).  Marshall Scott Huebner, Esq.,
James I. McClammy, Esq., and Lynn Poss, Esq., at Davis Polk &
Wardwell, represent the Debtors in their restructuring efforts.
Blackstone Advisory Services L.P. is the Debtors' financial
advisor.  The Garden City Group, Inc., serves as noticing and
claims agent.  Scott Cargill, Esq., and Sharon L. Levine, Esq., at
Lowenstein Sandler PC, represent the official committee of
unsecured creditors.  When the Debtors filed for protection from
their creditors, they listed assets and debts between $100 million
and $500 million each.


THORNBURG MORTGAGE: ADFITECH Unit Posts $177,904 July Net Income
----------------------------------------------------------------
Mortgage auditor ADFITECH Inc., subsidiary of TMST, Inc., formerly
known as Thornburg Mortgage, Inc., filed with the U.S. Bankruptcy
Court for the District of Maryland an operating report covering
the period from July 1, 2009 through July 31, 2009.

A full-text copy of the ADFITECH Monthly Operating Report is
available at no charge at http://ResearchArchives.com/t/s?4374

At the end of July 2009, ADFITECH had total assets of $29,156,358
and total liabilities of $1,639,685,128.

It posted net income of $177,904 in July from $191,587 in June.
Since filing for bankruptcy, it posted net income of $918,945.

ADFITECH ended the period with $8,743,841 cash after recording
$3,138,354 in total cash receipts and $3,137,824 in total cash
disbursements.  ADFITECH began the period with $8,743,312 cash.

TMST has disclosed that at the request of the unsecured creditors'
committee appointed in its bankruptcy cases, the sale process for
ADFITECH has been terminated.

TMST said on May 1, 2009, it intended to sell the business
operations of ADFITECH as a going concern.

TMST said ADFITECH and the unsecured creditors' committee are
working on a consensual plan of reorganization of ADFITECH,
subject to approval by the Bankruptcy Court in accordance with the
Chapter 11 plan confirmation requirements of the Bankruptcy Code.

The Debtors filed an emergency motion on July 29, 2009, requesting
court approval of termination of the sale process for ADFITECH
based upon an agreement with the Committee which had requested
termination of the sale process and negotiation of a Chapter 11
plan of reorganization for ADFITECH.  A hearing on the motion was
held on August 12, 2009, following which the court held (i) court
authorization for stopping the ADFITECH sale process was not
required, (ii) court approval for a release by the Committee of
the debtors and their officers and directors from liability
relating to stopping the ADFITECH sale process was not required,
and (iii) allowance of fees paid or to be paid to Houlihan Lokey
Howard & Zukin Capital, Inc., required the filing of an
appropriate application and notice and hearing thereon.

Subsequently, ADFITECH and the other debtors decided to stop the
sale process for ADFITECH and engage in plan negotiations with the
Committee, and terminated the engagement of Houlihan Lokey.
ADFITECH, the Committee, and their advisor's continue to work
together in a collaborative manner.  The parties' advisors were in
frequent contact during the month and made progress in addressing
the Committee's information requests.

As reported by the Troubled Company Reporter on August 12, 2009,
according to Law360, U.S. Trustee W. Clarkson McDow Jr. objected
to the Debtors' request to halt the sale process of ADFITECH,
saying it should not pay Houlihan Lokey for stopping work.  The
U.S. Trustee protested to the payment of almost $300,000 to the
firm.

TMST has indicated it is not expected that there will be any
distribution to the Company's equity holders in connection with
the Debtors' bankruptcy cases.

Based in Santa Fe, New Mexico, Thornburg Mortgage Inc. (NYSE: TMA)
-- http://www.thornburgmortgage.com/-- is a single-family
residential mortgage lender focused principally on prime and
super-prime borrowers seeking jumbo and super-jumbo adjustable
rate mortgages.  It originates, acquires, and retains investments
in adjustable and variable rate mortgage assets.  Its ARM assets
comprise of purchased ARM assets and ARM loans, including
traditional ARM assets and hybrid ARM assets.

Thornburg Mortgage, Inc., and its four affiliates filed for
Chapter 11 on May 1 (Bankr. D. Md. Lead Case No. 09-17787).  Judge
Duncan W. Keir is handling the case.

David E. Rice, Esq., at Venable LLP, in Baltimore, Maryland, has
been tapped as counsel.  Orrick, Herrington & Sutcliffe LLP is
employed as special counsel.  Jim Murray, and David Hilty, at
Houlihan Lokey Howard & Zukin Capital, Inc., have been tapped as
investment banker and financial advisor.  Protiviti Inc. has also
been engaged for financial advisory services.  KPMG LLP is the tax
consultant.  Epiq Systems, Inc., is claims and noticing agent.  In
its bankruptcy petition, Thornburg listed total assets of
$24,400,000,000 and total debts of $24,700,000,000, as of
January 31, 2009.


THORNBURG MORTGAGE: Posts $135,544 Net Income in July 2009
----------------------------------------------------------
TMST, Inc., formerly known as Thornburg Mortgage, Inc., and its
other debtor-affiliates excluding ADFITECH, filed with the U.S.
Bankruptcy Court for the District of Maryland an operating report
covering the period from July 1, 2009, through July 31, 2009.

A full-text copy of the July 2009 Monthly Operating Report is
available at no charge at http://ResearchArchives.com/t/s?4375

At the end of July 2009, the Debtors had total assets of
$157,673,785 and total liabilities of $3,468,578,321.

The Debtors posted net income of $135,544 in July.  Since filing
for bankruptcy, the Debtors posted net income of $2,623,947.

The Debtors ended the period with roughly $23,570,320 cash after
recording $3,645,034 in total cash receipts and $2,015,158 in
total cash disbursements.  The Debtors began the period with
$21,940,444 cash.

TMST has disclosed that at the request of the unsecured creditors'
committee appointed in its bankruptcy cases, the sale process for
ADFITECH has been terminated.

TMST said on May 1, 2009, it intended to sell the business
operations of ADFITECH as a going concern.

TMST said ADFITECH and the unsecured creditors' committee are
working on a consensual plan of reorganization of ADFITECH,
subject to approval by the Bankruptcy Court in accordance with the
Chapter 11 plan confirmation requirements of the Bankruptcy Code.

The Debtors filed an emergency motion on July 29, 2009, requesting
court approval of termination of the sale process for ADFITECH
based upon an agreement with the Committee which had requested
termination of the sale process and negotiation of a Chapter 11
plan of reorganization for ADFITECH.  A hearing on the motion was
held on August 12, 2009, following which the court held (i) court
authorization for stopping the ADFITECH sale process was not
required, (ii) court approval for a release by the Committee of
the debtors and their officers and directors from liability
relating to stopping the ADFITECH sale process was not required,
and (iii) allowance of fees paid or to be paid to Houlihan Lokey
Howard & Zukin Capital, Inc., required the filing of an
appropriate application and notice and hearing thereon.

Subsequently, ADFITECH and the other debtors decided to stop the
sale process for ADFITECH and engage in plan negotiations with the
Committee, and terminated the engagement of Houlihan Lokey.
ADFITECH, the Committee, and their advisor's continue to work
together in a collaborative manner.  The parties' advisors were in
frequent contact during the month and made progress in addressing
the Committee's information requests.

As reported by the Troubled Company Reporter on August 12, 2009,
according to Law360, U.S. Trustee W. Clarkson McDow Jr. objected
to the Debtors' request to halt the sale process of ADFITECH,
saying it should not pay Houlihan Lokey for stopping work.  The
U.S. Trustee protested to the payment of almost $300,000 to the
firm.

TMST has indicated it is not expected that there will be any
distribution to the Company's equity holders in connection with
the Debtors' bankruptcy cases.

Based in Santa Fe, New Mexico, Thornburg Mortgage Inc. (NYSE: TMA)
-- http://www.thornburgmortgage.com/-- is a single-family
residential mortgage lender focused principally on prime and
super-prime borrowers seeking jumbo and super-jumbo adjustable
rate mortgages.  It originates, acquires, and retains investments
in adjustable and variable rate mortgage assets.  Its ARM assets
comprise of purchased ARM assets and ARM loans, including
traditional ARM assets and hybrid ARM assets.

Thornburg Mortgage, Inc., and its four affiliates filed for
Chapter 11 on May 1 (Bankr. D. Md. Lead Case No. 09-17787).  Judge
Duncan W. Keir is handling the case.

David E. Rice, Esq., at Venable LLP, in Baltimore, Maryland, has
been tapped as counsel.  Orrick, Herrington & Sutcliffe LLP is
employed as special counsel.  Jim Murray, and David Hilty, at
Houlihan Lokey Howard & Zukin Capital, Inc., have been tapped as
investment banker and financial advisor.  Protiviti Inc. has also
been engaged for financial advisory services.  KPMG LLP is the tax
consultant.  Epiq Systems, Inc., is claims and noticing agent.  In
its bankruptcy petition, Thornburg listed total assets of
$24,400,000,000 and total debts of $24,700,000,000, as of
January 31, 2009.


TOUSA INC: Reports $21.7MM Net Loss for July
--------------------------------------------

                  TOUSA, INC., and Subsidiaries
                   Consolidated Balance Sheet
                      As of July 31, 2009

                             ASSETS
Cash and Cash Equivalents:
Cash in bank                                    $282,849,729
Cash equivalents (due from title company
                   from closings)                   9,330,655
Inventory:
Deposits                                          11,271,882
Land                                             132,078,747
Residences completed and under construction      157,113,556
Inventory not owned                                6,286,449
                                              ---------------
                                                  306,750,634

Property and equipment, net                         6,077,045
Investments in unconsolidated joint ventures        2,781,462
Receivables from unconsolidated joint ventures              -
Accounts receivable                                17,352,063
Other assets                                       39,536,963
Goodwill                                                    -
                                              ---------------
                                                  664,678,551

Net Assets of Financial Services                   22,797,304
                                              ---------------
Total Assets                                     $687,475,855
                                              ===============

               LIABILITIES & STOCKHOLDERS' EQUITY
Accounts payable and other liabilities           $304,946,422
Customer deposits                                   6,018,401
Obligations for inventory not owned                 8,346,605
Notes payable                                   1,605,527,852
Bank borrowings                                   203,356,671
                                              ---------------
Total Liabilities                               2,128,195,951

Stockholders' Equity:
Preferred stock                                   20,382,934
Common stock                                         596,042
Additional paid in capital                       557,658,626
Retained earnings                             (2,019,357,698)
                                              ---------------
Total Stockholders' Equity                     (1,440,720,096)
                                              ---------------
Total liabilities and Stockholders' Equity       $687,475,855
                                              ===============

                  TOUSA, INC., and Subsidiaries
              Consolidated Statement of Operations
               For the Period July 1 to 31, 2009

Revenues:
Home sales                                       $39,819,941
Land sales                                         2,549,345
                                              ---------------
                                                   42,369,286

Cost of Sales:
Home sales                                        38,108,385
Land sales                                         4,201,299
                                              ---------------
                                                   42,309,684
                                              ---------------
Gross Profit                                           59,602

Total selling, general and admin expenses          15,667,524
Income (loss) from joint ventures, net                      -
Interest expense, net                               5,922,575
Other (income) expense, net                           161,066
                                              ---------------
Homebuilding pretax income (loss)                 (21,691,563)

Equity in Financial services pretax income (loss)     (15,014)

Income (loss) before income taxes                 (21,706,577)
Provision (benefit) for income taxes                        -
                                              ---------------
Net Income (loss)                                ($21,706,577)
                                              ===============

                  TOUSA, INC. and Subsidiaries
       Consolidated Schedule of Receipts and Disbursements
               For the Period July 1 to 31, 2009

Funds at beginning of period                     $257,774,255

RECEIPTS
Cash sales                                        44,374,999
Accounts receivable                                1,787,611
Other receipts                                     2,330,064
                                              ---------------
Total receipts                                     48,492,674
                                              ---------------
Total funds available for operations              306,266,929

DISBURSEMENTS
Advertising                                          319,119
Bank charges                                           2,699
Contract labor                                        46,637
Fixed asset payments                                   3,875
Insurance                                            536,386
Inventory payments                                 6,952,752
Leases                                               200,778
Manufacturing supplies                                     -
Office supplies                                       69,792
Payroll - net                                      4,433,137
Professional fees (accounting and legal)           6,753,072
Rent                                                 299,792
Repairs & maintenance                                255,126
Secured creditor payments                          2,015,138
Taxes paid - payroll                                  32,849
Taxes paid - sales & use                             251,569
Taxes paid - other                                   130,605
Telephone                                             92,944
Travel & entertainment                                30,970
U.S. Trustee quarterly fees                          113,550
Utilities                                             98,507
Vehicle expenses                                      10,349
Other operating expenses                             767,554
                                              ---------------
Total disbursements                                23,417,200
                                              ---------------
Ending Balance                                   $282,849,729
                                              ===============

                         About Tousa Inc.

Headquartered in Hollywood, Florida, TOUSA Inc. (Pink Sheets:
TOUS) -- http://www.tousa.com/-- fka Technical Olympic U.S.A.
Inc., dba Technical U.S.A., Inc., Engle Homes, Newmark Homes L.P.,
TOUSA Homes Inc. and Newmark Homes Corp. is a leading homebuilder
in the United States, operating in various metropolitan markets in
10 states located in four major geographic regions: Florida, the
Mid-Atlantic, Texas, and the West.

The Debtor and its debtor-affiliates filed for separate Chapter 11
protection on January 29, 2008 (Bankr. S.D. Fla. Case No. 08-
10928).  The Debtors have selected M. Natasha Labovitz, Esq.,
Brian S. Lennon, Esq., Richard M. Cieri, Esq., and Paul M. Basta,
Esq., at Kirkland & Ellis LLP; and Paul Steven Singerman, Esq., at
Berger Singerman, to represent them in their restructuring
efforts.  Lazard Freres & Co. LLC is the Debtors' investment
banker.  Ernst & Young LLP is the Debtors' independent auditor and
tax services provider.  Kurtzman Carson Consultants LLC acts as
the Debtors' Notice, Claims & Balloting Agent.

TOUSA's direct subsidiary, Beacon Hill at Mountain's Edge LLC dba
Eagle Homes, filed for Chapter 11 Protection on July 30, 2008
(Bankr. S.D. Fla. Case No. 08-20746).  It listed assets between
$1 million and $10 million, and debts between $1 million and
$10 million.

The Official Committee of Unsecured Creditors hired Patricia A.
Redmond, Esq., and the law firm Stearns Weaver Weissler Alhadeff &
Sitterson, P.A., as its local counsel.

TOUSA Inc.'s balance sheet at June 30, 2008, showed total assets
of $1,734,422,756 and total liabilities of $2,300,053,979.

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


TROPICANA ENT: Adamar of NJ Incurs $2.48MM Loss in July
-------------------------------------------------------

                   Adamar of New Jersey, Inc.
                DBA Tropicana Casino and Resort
                   Consolidated Balance Sheet
                      As of July 31, 2009

                             ASSETS

Current Assets
Cash and cash equivalents                         $60,624,000
Receivables, gaming, hotel and other, net          15,749,000
Inventories                                         2,154,000
Prepaid expenses and other                         12,341,000
Deferred income taxes                               5,189,000
                                                --------------
Total current assets                                96,057,000

Property and equipment, at cost, net               711,822,000

Investments                                         29,618,000
Tenant allowances and other assets                  22,427,000
                                                --------------
TOTAL ASSETS                                      $859,924,000
                                                ==============

              LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities
Accounts payable and accruals                     $23,108,000
Accrued payroll and employee benefits               4,393,000
Current portion of long-term debt                     786,000
Casino reinvestment obligation                        394,000
Advances from TE and other affiliates, net        604,494,000
Advances from NJ affiliates, net                   24,230,000
Other current liabilities                             813,000
Liabilities subject to compromise                  21,170,000
                                                --------------
Total current liabilities                          679,388,000

Long-term debt, net of current portion                 186,000
Deferred income taxes                               24,786,000
                                                --------------
Total Liabilities                                  704,360,000

Stockholders' Equity
Common stock, no par value (100 shares                  1,000
   authorized, issued and outstanding)
Paid-in capital                                   283,086,000
Accumulated deficit                              (127,523,000)
                                                --------------
Total shareholders' equity                         155,564,000
                                                --------------
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY           $859,924,000
                                                ==============

                   Adamar of New Jersey, Inc.
                DBA Tropicana Casino and Resort
              Consolidated Statement of Operations
               For the Month Ended July 31, 2009

Revenues
Casino                                            $25,595,000
Rooms                                               3,569,000
Food and beverage                                   1,426,000
Other                                               1,466,000
                                                --------------
Total revenues                                      32,056,000
                                                --------------

Costs and Expenses
Casino                                             11,249,000
Rooms                                               1,515,000
Food and beverage                                   1,222,000
Other                                                 355,000
Marketing                                           4,917,000
General and administrative                          2,060,000
Utilities                                             982,000
Repairs and maintenance                               847,000
Provision for doubtful accounts                       107,000
Property taxes and insurance                        2,200,000
Rent                                                   67,000
Rent to New Jersey affiliate                          403,000
Depreciation and amortization                       3,902,000
                                                --------------
Total                                               29,826,000

Operating profit                                     2,230,000

License denial expense                                (295,000)
Interest income, net                                    43,000
Interest expense                                    (4,463,000)
                                                --------------
Income before income taxes                          (2,485,000)
Income taxes benefit/(provision)                             0
                                                --------------
NET (LOSS)                                         ($2,485,000)
                                                ==============

                     Adamar of New Jersey, Inc.
                 DBA Tropicana Casino and Resort
               Consolidated Statement of Cash Flows
                 For the Month Ended July 31, 2009

Cash flows from operating activities:
Net Loss                                           ($2,485,000)
Adjustments to reconcile net loss to
net cash (used in)/provided by operating
activities:
Depreciation and amortization                       3,902,000
Amortization of CRDA bond discount/interest                 -
Deferred income taxes                                       -
Amortization of deferred rental income                 (3,000)
Rent/interest expense amortization                      1,000
Loss on disposal of property and equipment
  and other asses                                       18,000
Loss on reinvestment obligation                       124,000
Provision for doubtful accounts                       107,000
Increase in accrued interest to parent company      4,449,000
Sales & luxury tax rebates                                  -
Changes in operating assets and liabilities:
Increase in receivables                              (951,000)
Increase in inventories                              (122,000)
Increase in prepaid expenses and other             (4,237,000)
(Increase)/Decrease in other assets                   177,000
(Decrease)/Increase in accounts payable,
  accrued expenses and other                         6,172,000
                                                --------------
Net cash provided by operating activities            7,152,000
                                                --------------

Cash flows from investing activities:
Proceeds from sale of property and equipment                -
Acquisition of property and equipment                (713,000)
Sales & luxury tax rebates                                  -
Proceeds from reduction in investments                 15,000
Reductions in other long term assets                   25,000
Additions to investments                             (397,000)
                                                --------------
Net cash used in investing activities                1,070,000
                                                --------------

Cash flows from financing activities:
Advances from NJ affiliates, net                      404,000
Advances to affiliates, net                             1,000
Principal payments to long-term debt                   (8,000)
                                                --------------
Net cash provided by financing activities              397,000
                                                --------------

Net increase in cash                                 6,479,000
                                                --------------
Cash and cash equivalents at beginning of period    54,145,000
                                                --------------
Cash and cash equivalents at end of period         $60,624,000
                                                ==============

                   About Tropicana Entertainment

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

Tropicana Entertainment LLC 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)


TVI CORPORATION: Posts $911,760 Net Loss in July 2009
-----------------------------------------------------
TVI Corporation and its three debtor-affiliates filed separate
operating reports for the month ended July 31, 2009.

The Debtors posted a consolidated net loss of $911,760 in July
2009 on consolidated net revenues of $1,480,583.

As of July 31, 2009, the Debtors had $22,888,018 in total assets
and $42,181,046 in total liabilities.

A full-text copy of the July report is available at no charge at:

              http://ResearchArchives.com/t/s?43c5

                      About TVI Corporation

Headquartered in Glenn Dale, Maryland, TVI Corporation --
http://www.tvicorp.com/-- supplies military and civilian
emergency first responder and first receiver products, personal
protection products and quick-erect shelter systems.  The products
include powered air-purifying respirators, respiratory filters and
quick-erect shelter systems used for decontamination, hospital
surge systems and command and control.  The users of these
products include military and homeland defense/homeland security
customers.

The Company and two of its affiliates filed for Chapter 11
protection on April 1, 2009 (Bankr. D. Md. Lead Case No.
09-15677).  Christopher William Mahoney, Esq., Jeffrey W. Spear,
Esq., and Joel M. Walker, Esq., at Duane Morris LLP, represent the
Debtors in their restructuring efforts.  Alan M. Grochal, Esq.,
and Maria Ellena Chavez-Ruark, Esq., at Tydings and Rosenberg,
serve as counsel to the official committee of unsecured creditors.
When the Debtor filed for protection from its creditors, it listed
$10 million to $50 million in assets and $1 million to $10 million
in debts.


TXCO RESOURCES: July Loss of $5.3 Million Exceeds Revenue
---------------------------------------------------------
According to Bloomberg's Bill Rochelle, TXCO Resources Inc.
reported a $5.3 million net loss in July on revenue of
$4.1 million. Interest, depreciation and “other items” totaled
$5.2 million in the month.

TXCO Resources and its Official Committee of Unsecured Creditors
are trying to block a bid by Western National Bank for lifting of
the automatic stay and foreclose on three drilling rigs.

TXCO Resources Inc. is an independent oil and gas enterprise with
interests in the Maverick Basin, the onshore Gulf Coast region and
the Marfa Basin of Texas, and the Midcontinent region of western
Oklahoma.  TXCO's business strategy is to acquire undeveloped
mineral interests and internally developing a multi-year drilling
inventory through the use of advanced technologies, such as 3-D
seismic and horizontal drilling.  It accounts for its oil and gas
operations under the successful efforts method of accounting and
trades its common stock on Nasdaq's Global Select Market under the
symbol "TXCO."

The Company and its affiliates filed for Chapter 11 protection on
May 17, 2009 (Bankr. W.D. Tex. Case No. 09-51807).  The Debtors
hired Deborah D. Williamson, Esq., and Lindsey D. Graham, Esq., at
Cox Smith Matthews Incorporated, as general restructuring counsel;
Fulbright and Jaworski, L.L.P., as corporate counsel & conflicts
counsel; Albert S. Conly as chief restructuring officer and FTI
Consulting Inc. as financial advisor; Goldman, Sachs & Co. as
financial advisor for assets sale; Global Hunter Securities, LLC,
as financial advisors and investment bankers; and Administar
Services Group LLC as claims agent.  Gardere Wynne Sewell LLP
represents the Committee.

As reported in Troubled Company Reporter on July 6, 2009, in their
schedules of assets and liabilities, the Debtors have $357,855,952
in total assets and $331,422,792 in total liabilities.


VERASUN ENERGY: Posts $498,000 Net Loss in July
-----------------------------------------------
On August 31, 2009, VeraSun Energy Corporation and certain of its
subsidiaries filed an unaudited consolidated monthly operating
report for the month ended July 31, 2009, with the U.S. Bankruptcy
Court for the District of Delaware.

VeraSun Energy Corporation reported a net loss of $498,000 on zero
revenue for the month ending July 31, 2009.

At July 31, 2009, VeraSun Energy had $91,349,000 in total assets,
and ($325,870,000) in total liabilities, and $417,219,000 in total
shareholders' equity.

A full-text copy of the July 2009 Operating Report is available
for free at http://researcharchives.com/t/s?43ed

                    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 closed on April 1, 2009, the sale of substantially all of
its assets to Valero Renewable Fuels, a subsidiary of Valero
Energy Corporation, North America's largest petroleum refiner and
marketer.  The purchased assets included five ethanol production
facilities and a development site.  The facilities are located in
Aurora, South Dakota; Fort Dodge, Charles City, and Hartley, Iowa;
and Welcome, Minnesota, and the development site is in Reynolds,
Indiana.

Valero paid $350 million for the ethanol production facilities in
Aurora, Fort Dodge, Charles City, Hartley and Welcome, in addition
to the Reynolds site.  Valero also successfully bid $72 million
for the Albert City facility and $55 million for the Albion
facility.  The purchase price also includes working capital
and other certain adjustments.

VeraSun also completed on April 9 the sale to AgStar Financial
Services PCA of substantially all of the assets relating to the
company's production facilities in Dyersville, Iowa; Hankinson,
North Dakota; Janesville, Minnesota; Central City and Ord,
Nebraska; and Woodbury, Michigan.  AgStar released the USBE
Subsidiaries from their obligations under $319 million of existing
indebtedness and assumed certain liabilities relating to the
AgStar Facilities.

On April 13, US BioEnergy Corporation and US Bio Marion LLC
completed the sale to Marion Energy Investments LLC, as assignee
of Dougherty and First Bank & Trust, of substantially all of the
assets relating to the Debtors' production facility in Marion,
South Dakota.  The consideration for the acquired assets consisted
of release of US Bio Marion from its obligations under
approximately $93 million of existing indebtedness to the Marion
Buyers, payment by MEI of $934,861 in cash and assumption by the
Marion Purchasers of certain liabilities relating to the Marion
facility.  VeraSun Bankruptcy News; Bankruptcy Creditors' Service
Inc., http://bankrupt.com/newsstand/or 215/945-7000).


VISTEON CORP: Records $50.4 Mil. Net Loss for July
--------------------------------------------------

                      Visteon Corporation
                         Balance Sheet
                      As of July 31, 2009

ASSETS
Current Assets:
  Cash and cash equivalents                        $282,238,000
  Accounts receivable, net                        4,180,035,000
  Inventories, net                                   19,136,000
  Other current assets                               38,487,000
                                                ---------------
Total current assets                             $4,519,897,000

Property and equipment, net                         179,546,000
Other non-current assets                          1,351,344,000
                                                ---------------
Total Assets                                     $6,050,787,000
                                                ===============
LIABILITIES & SHAREHOLDERS' DEFICIT
Short-term debt, including current portion
of long-term debt                               $10,611,597,000
Accounts payable                                  1,088,679,000
Accrued employee liabilities                         22,946,000
Other current liabilities                            23,724,000
                                                ---------------
Total current liabilities                        11,746,946,000

Liabilities subject to compromise                 2,791,431,000
LSC-Intercompany with Non-Debtors                    54,685,000
Long-term debt                                        2,632,000
Employee benefits, including pensions               245,157,000
Deferred income taxes                                91,394,000
Other non-current liabilities                       253,780,000
                                                ---------------
Total liabilities                                15,186,026,000

Shareholders' deficit
Visteon Corporation Shareholders' deficit
Preferred stock                                              0
Common stock                                       131,053,000
Stock warrants                                     127,024,000
Additional paid-in capital                       2,225,685,000
Accumulated deficit                            (11,317,153,000)
Accumulated other comprehensive income            (186,107,000)
Other                                               (4,750,000)
                                                ---------------
Total Debtor shareholders' deficit               (9,024,247,000)
Noncontrolling interests                           (146,021,000)
                                                ---------------
Total shareholders' deficit                      (9,170,269,000)
                                                ---------------
Total Liabilities and shareholders' deficit      $6,015,757,000
                                                ===============

                      Visteon Corporation
                    Statements of Operations
               For the Month Ended July 31, 2009

Net sales
Products                                           $23,254,000
Services                                            19,759,000
                                                ---------------
                                                     43,013,000
Cost of Sales
Products
  Materials                                          15,252,000
  Labor and overhead                                  5,717,000
  Product engineering                                23,470,000
  Freight and duty                                      607,000
  Manufacturing spending                              1,654,000
  Warranty and recall                                   103,000
  Other                                               6,117,000
Services                                            19,388,000
                                                ---------------
                                                     72,308,000
                                                ---------------
Gross margin                                        (29,295,000)

Selling, general and administrative expenses
Personnel                                            7,034,000
Depreciation                                         2,697,000
Other                                                6,930,000
                                                ---------------
                                                     16,660,000

Restructuring expenses                               (1,242,000)
Reimbursement from Escrow Account                             0
Reorganization costs                                  2,799,000
Deconsolidation gain                                   (207,000)
                                                ---------------
Operating income (loss)                             (47,306,000)

Interest expense                                      3,594,000
Interest income                                         493,000
Equity in net income of non-consolidated affiliates           0
                                                ---------------
Income(loss) before income taxes                    (50,406,000)
Provision for income taxes                               25,000
                                                ---------------
Net Income (loss)                                   (50,431,000)
                                                ---------------
Net income attributable to
non-controlling assets                                        -
                                                ---------------
Net loss attributable to Debtor                    ($50,431,000)
                                                ===============

                      Visteon Corporation
                      Operating Cash Flow
               For the Month Ended July 31, 2009

Customer receipts                                  $168,756,000
Other receipts                                       64,299,000
                                                ---------------
Total receipts                                      233,055,000

Disbursements
Payroll Related                                     (31,646,000)
Operating disbursements                             (71,751,000)
Other disbursements                                  (1,562,000)
                                                ---------------
Total Disbursements                                (104,960,000)

Net Intercompany Settlements and Funding
Non-Debtors                                         (88,450,000)
                                                ---------------
Net Cash Flow                                       $39,646,000
                                                ===============
Beginning Balance                                  $298,843,000
Net Cash Flow                                        39,646,000
Foreign Currency and Other Adjustments                 (589,000)
                                                ---------------
Ending Cash Balance                                $337,900,000
                                                ===============

                        About Visteon Corp.

Headquartered in Van Buren Township, Michigan, Visteon Corporation
(NYSE: VC) -- http://www.visteon.com/-- is a global automotive
supplier that designs, engineers and manufactures innovative
climate, interior, electronic and lighting products for vehicle
manufacturers, and also provides a range of products and services
to aftermarket customers.  The company has corporate offices in
Van Buren Township, Michigan (U.S.); Shanghai, China; and Kerpen,
Germany.  It has facilities in 27 countries and employs roughly
35,500 people.  The Company has assets of $4,561,000,000 and debts
of $5,311,000,000 as of March 31, 2009.

Visteon Corporation and 30 of its affiliates filed for Chapter 11
protection on May 28, 2009, (Bank. D. Del. Case No. 09-11786
through 09-11818).  Judge Christopher S. Sontchi oversees the
Chapter 11 cases.  James H.M. Sprayregen, Esq., Marc Kieselstein,
Esq., and James J. Mazza, Jr., Esq., at Kirkland & Ellis LLP, in
Chicago, Illinois, represent the Debtors in their restructuring
efforts.  Laura Davis Jones, Esq., James E. O'Neill, Esq., Timothy
P. Cairns, Esq., and Mark M. Billion, Esq., at Pachulski Stang
Ziehl & Jones LLP, in Wilmington, Delaware, serve as the Debtors'
local counsel.  The Debtors' investment banker and financial
advisor is Rothschild Inc.  The Debtors' notice, claims, and
solicitation agent is Kurtzman Carson Consultants LLC.  The
Debtors' restructuring advisor is Alvarez & Marsal North America,
LLC.

Bankruptcy Creditors' Service, Inc., publishes Visteon Bankruptcy
News.  The newsletter tracks the Chapter 11 proceedings of Visteon
Corp. and its debtor-affiliates. (http://bankrupt.com/newsstand/
or 215/945-7000)


WASHINGTON MUTUAL: Incurs $912,097 Net Loss for July
----------------------------------------------------

                    WASHINGTON MUTUAL, INC.
                    Unaudited Balance Sheet
                      As of July 31, 2009

ASSETS
Unrestricted cash and cash equivalents           $4,607,964,964
Restricted cash and cash equivalents                 98,303,994
Investment securities                                65,679,021
Accrued interest receivable                             870,604
Accounts receivable                                           0
Income tax receivable                               477,979,473
Prepaid expenses                                      1,910,522
Cash surrender value of BOLI/COLI                    88,000,345
Funded Pension                                       39,173,922
Other investments                                     2,092,488
Investment in subsidiaries                        1,475,193,890
Notes receivable, intercompany                       12,229,590
Fixed assets                                            108,175
Other assets                                         79,057,611
                                                ----------------
Total Assets                                      $6,948,564,599
                                                ================

LIABILITIES NOT SUBJECT TO COMPROMISE
Accounts payable                                     $6,723,731
Taxes payable                                                 0
Accrued wages and benefits                              912,405
Other accrued liabilities                            15,349,508
Rent and equipment lease payable                              0
Deferred tax liability (asset)                                0
Other liabilities - intercompany                              0
Other postpetition liabilities                                0
Minority interest                                     1,113,019
                                                ----------------
Total Postpetition Liabilities                      24,098,663

LIABILITIES SUBJECT TO COMPROMISE
Senior debt                                       4,108,911,139
Subordinated debt                                 1,613,991,512
Junior subordinated debt                            742,476,453
Accrued interest payable                             75,907,764
Intercompany payables                               684,095,259
Accounts payable                                      4,480,720
Taxes payable                                       550,080,833
Payroll and benefit accruals                        407,236,707
Other accrued liabilities                            86,421,167
Other prepetition liabilities                               198
                                                ----------------
Total Prepetition Liabilities                     8,273,601,752
                                                ----------------
Total Liabilities                                8,297,700,415

SHAREHOLDERS' EQUITY
Preferred stock                                   3,392,341,954
Common stock                                     12,988,753,556
Other comprehensive income                         (755,124,817)
Retained earnings - prepetition                 (16,741,804,781)
Retained earnings - postpetition                   (233,301,727)
                                                ----------------
Total Shareholders' Equity                       (1,349,135,816)
                                                ----------------
Total Liabilities and Shareholders' Equity        $6,948,564,599
                                                ================

                    WASHINGTON MUTUAL, INC.
               Unaudited Statement of Operations
            For the period July 1 to July 31, 2009

REVENUES
Interest income:
Cash equivalents                                      $726,865
Securities                                             291,158
Notes receivable - intercompany                         44,846
Other                                                      182
                                               ----------------
Total Interest Income                                1,063,052

Earnings (losses) from subsidiaries and
other equity investments                             5,232,067
Gains (losses) from securities                          14,196
Other income                                           (17,077)
                                               ----------------
Total Revenues                                       6,292,237

OPERATING EXPENSES
Compensation and benefits                              420,066
Occupancy and equipment                                102,113
Professional fees                                      317,194
Loss (Income) from BOLI/COLI policies                 (260,451)
Management fees/transition services                    256,249
Insurance                                              416,668
Other                                                  272,441
                                               ----------------
Total Operating Expenses                             1,524,280

Net profit (loss) before other income
and expenses                                         4,767,957

OTHER INCOME AND EXPENSES
Interest expense:
Notes payable - intercompany                                 0
Borrowings                                                   0
                                               ----------------
Total Interest Expense                                       0

Other expense/(income)                                       0
                                               ----------------
Net profit (loss) before
reorganization items                                 4,767,957

REORGANIZATION ITEMS
Professional fees                                    5,396,968
U.S. Trustee quarterly fees                             10,400
Gains (losses) from sale of assets                           0
Other reorganization expenses                          272,686
                                               ----------------
Total Reorganization Items                           5,680,054
                                               ----------------
Net profit (loss) before income taxes                  (912,097)

Income taxes                                                  0
                                               ----------------
NET PROFIT (LOSS)                                     ($912,097)
                                               ================

                  WASHINGTON MUTUAL, INC.
     Unaudited Schedule of Cash Receipts and Disbursements
           For the period July 1 to July 31, 2009

Opening Balance 06/30/09                         $4,061,929,213

RECEIPTS
Interest & investment returns                        2,170,903
Tax refunds                                                  0
Interest - BNY Mellon trust account                        182
Reimbursements/distributions from subs                   6,293
Sales of assets/securities                                   0
Return of funds from debt trustee                            0
Death benefit proceeds                                       0
Miscellaneous receipts                                   1,227
                                               ----------------
Total Receipts                                        2,178,605

TRANSFERS
Sweep to Money Market account                                0
Sweep to Wells Managed account                    (100,000,000)
                                               ----------------
Total Transfers                                    (100,000,000)

DISBURSEMENTS
Salaries and benefits                                  327,634
Travel and other expenses                               17,576
Occupancy and supplies                                 147,028
Professional fees                                    1,958,715
Other outside services                                 973,973
Bank fees                                              128,053
U.S. trustee quarterly fees                             20,000
Directors fees                                          65,000
Miscellaneous adjustments                                    0
                                               ----------------
Total Disbursements                                   3,637,978
                                               ================
Net Cash Flow                                      (101,459,373)
                                               ----------------
Cash - End of Month                               3,960,469,840

GL Balance                                        3,960,469,840

Net value -- Short Term Securities                  647,495,125
                                               ----------------
Total Cash and Cash Equivalents                  $4,607,964,964
                                               ================

                      WMI INVESTMENT CORP.
                    Unaudited Balance Sheet
                      As of July 31, 2009

ASSETS
Unrestricted cash and cash equivalents            $274,500,210
Restricted cash and cash equivalents                         0
Investment Securities                                        0
Accrued interest receivable                             10,427
Accounts receivable                                          0
Income tax receivable                               22,187,560
Prepaid expenses                                             0
Cash surrender value of BOLI/COLI                            0
Funded Pension                                               0
Other investments                                   40,715,371
Investment in subsidiaries                                   0
Notes receivable, intercompany                     565,844,197
Other assets                                                 0
                                               ----------------
Total Assets                                       $903,257,765
                                               ================

LIABILITIES NOT SUBJECT TO COMPROMISE
Accounts payable                                            $0
Taxes payable                                                0
Wages payable                                                0
Other accrued liabilities                               15,125
Rent and equipment lease payable                             0
Deferred tax liability (asset)                               0
Other liabilities - intercompany                             0
Other postpetition liabilities                               0
Minority interest                                            0
                                               ----------------
Total Postpetition Liabilities                          15,125

LIABILITIES NOT SUBJECT TO COMPROMISE
Senior debt                                                  0
Subordinated debt                                            0
Junior subordinated debt                                     0
Accrued interest payable                                     0
Intercompany payables                                        0
Accrued interest payable - intercompany                      0
Accounts payable                                             0
Accounts payable - intercompany                              0
Taxes payable                                                0
Payroll and benefit accruals                                 0
Other accrued liabilities                                    0
Other prepetition liabilities                                0
                                               ----------------
Total Prepetition Liabilities                                0
                                               ----------------
Total Liabilities                                       15,125

SHAREHOLDERS' EQUITY
Preferred stock                                              0
Common stock                                     1,000,000,000
Other comprehensive income                          22,187,560
Retained earnings - prepetition                     14,133,260
Retained earnings - postpetition                  (133,078,180)
                                               ----------------
Total Shareholders' Equity                         903,242,640
                                               ----------------
Total Liabilities and Shareholders' Equity         $903,257,765
                                               ================

                      WMI INVESTMENT CORP.
                Unaudited Statement of Operations
             For the period July 1 to July 31, 2009

REVENUES
Interest income:
Cash equivalents                                       $34,658
Securities                                               4,286
Notes receivable - intercompany                              0
Other                                                        0
                                               ----------------
Total Interest Income                                   38,944

Earnings (losses) from subsidiaries and
other equity investments                                     0
Gains (losses) from securities                           4,633
Other income                                                 0
                                               ----------------
Total Revenues                                          43,577

OPERATING EXPENSES
Compensation and benefits                                    0
Occupancy and equipment                                      0
Professional fees                                            0
Loss (Income) from BOLI/COLI policies                        0
Management fees/transition services                          0
Insurance                                                    0
Other                                                   15,640
                                               ----------------
Total Operating Expenses                                15,640

Net profit (loss) before other income
and expenses                                            27,937

OTHER INCOME AND EXPENSES
Interest expense:
Notes payable - intercompany                                 0
Borrowings                                                   0
                                               ----------------
Total Interest Expense                                       0

Other expense/(income)                                       0
                                               ----------------
Net profit (loss) before
reorganization items                                    27,937

REORGANIZATION ITEMS
Professional fees                                            0
U.S. Trustee quarterly fees                                325
Gains (losses) from sale of assets                           0
Other reorganization expenses                                0
                                               ----------------
Total Reorganization Items                                 325
                                               ----------------
Net profit (loss) before income taxes                    27,612

Income taxes                                                  0
                                               ----------------
NET PROFIT (LOSS)                                       $27,612
                                               ================

                    WMI INVESTMENT CORP.
   Unaudited Schedule of Cash Receipts and Disbursements
             For the period July 1 to July 31, 2009

Opening Balance 06/30/09                            $57,141,779

RECEIPTS
Interest & investment returns                           25,596
Tax refunds                                                  0
Reimbursements from WMB                                      0
Reimbursements/distributions from subs                       0
Sales of assets/securities                                   0
Death benefit proceeds                                       0
Miscellaneous receipts                                       0
                                               ----------------
Total Receipts                                           25,596

TRANSFERS
Sweep to Money Market account                                0
Sweep to Wells Managed account                               0
                                               ----------------
Total Transfers                                               0

DISBURSEMENTS
Salaries and benefits                                        0
Travel and other expenses                                    0
Occupancy and supplies                                       0
Professional fees                                            0
Other outside services                                       0
Bank fees                                                  839
U.S. trustee quarterly fees                                325
Directors fees                                               0
Miscellaneous adjustments                                    0
                                               ----------------
Total Disbursements                                       1,164
                                               ================
Net Cash Flow                                            24,431
                                               ----------------
Cash - End of Month                                  57,166,210

GL Balance                                           57,166,210

Net value -- Short Term Securities                  217,334,000
                                               ----------------
Total Cash and Cash Equivalents                    $274,500,210
                                               ================

John Maciel, WaMu Chief Financial Officer, disclosed that as of
July 31, 2009, the Debtors paid these vendors an aggregate of
$1,958,713 on account of services rendered in the Debtors' cases:

Professional                               Fees        Expenses
------------                             ---------     --------
Akin, Gump, Strauss, Hauer & Fled         $381,814      $30,871
CONSOR Intellectual Asset Mgmt.            108,386        3,249
Davis Wright Tremaine LLP                   32,905          217
Elliott Greenleaf                           45,763        2,784
FTI Consulting, Inc.                       198,264          167
Joele Frank, Wilkinson Brimmer Katcher      13,433        1,066
John W. Wolfe, P.S.                         62,979          109
Kurtzman Carson Consultants LLC            107,548            -
Pepper Hamilton                             75,758        5,119
Perkins Coie LLP                            95,563            -
Quinn Emmanuel                             682,644       17,755
Shearman & Sterling LLP                     92,311            -

As of May 31, 2009, WaMu paid a total of $6,723,731 to 28 vendors
for certain postpetition accounts.  A complete list of the Vendor
Payments is available for free at:

     http://bankrupt.com/misc/WaMu_June2009VendorPayments.pdf

Mr. Maciel reported that for the period from July 1 to July 31,
2009, WaMu did not file any property or sales and use tax
returns.  Withholding summaries of deposits and filings,
unemployment summary of deposits and filings as well as filings
related to labor and industries were made during the Reporting
Period.  Similarly, business and occupation tax returns were also
filed.

A full-text copy of WaMu's May 2009 Operating Report is
available for free at the U.S. Securities and Exchange Commission
at http://ResearchArchives.com/t/s?433f


                     Key Lawsuits Among Parties

Washington Mutual filed a suit in March against the FDIC before
the U.S. District Court in Washington after its claim in the bank
receivership was denied.  The Debtor seeks to recover $6.5 billion
in capital contributions, $4 billion in preferred securities and
$3 billion in tax refunds.  The lawsuit contends the FDIC sold the
bank for substantially less than the assets were worth.  The
holding company believes the bank's assets were worth more than
the bank's debt.

In April 2009, JPMorgan, which acquired Washington Mutual Bank,
filed in the Bankruptcy Court a complaint against Washington
Mutual and WMI Investment Corp., and Federal Deposit Insurance
Corporation, seeking (i) to ensure that it is not divested of the
assets and interests purchased in good faith from the FDIC, as
receiver for WMB; and (ii) for indemnification and recovery
against the Debtors for certain liabilities that may be asserted
against JPMorgan, as successor by merger to WMB, pursuant to a
Purchase and Assumption Agreement dated September 25, 2008, with
the FDIC.

In mid-April 2009, Washington Mutual countered with its own
lawsuit against JPM in the Bankruptcy Court, seeking recovery of
$4 billion it was holding in deposit accounts at its bank
unit when the thrift unit was taken over in September by the
FDIC and immediately transferred to JPMorgan Chase & Co.

                     About Washington Mutual

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 September 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.

Bankruptcy Creditors' Service Inc. publishes Washington Mutual
Bankruptcy News.  The newsletter tracks the Chapter 11 proceedings
of Washington Mutual Inc. (http://bankrupt.com/newsstand/or
215/945-7000).


WHITE ENERGY: Posts Operating and Net Losses in July
----------------------------------------------------
Bill Rochelle at Bloomberg News reported that White Energy Inc.
incurred a $1.1 million net loss in July on net sales of
$31.5 million.  The operating loss for the month was $288,000.
Since filing, the cumulative net loss is $4.5 million on
$80.2 million net sales.

As of the petition date, the Debtors owed $300 million to West LB
AG, New York Branch, as administrative agent, and the prepetition
lenders under the amended and restated credit agreement dated as
of July 31, 2006, as amended, in respect to loans made and letters
of credit issued and other financial accommodations made.

Headquartered in Dallas, Texas, White Energy, Inc. --
http://www.white-energy.com/-- builds and acquires ethanol
production projects.  White Energy's plants have a combined
capacity of producing 240 million gallons of ethanol a year,
making it one of the 10 largest ethanol producers in the U.S. and
the second-largest gluten maker.  Two plants are in Texas with the
third in Kansas.  White spent $323 million building the plants in
Texas.

The Company and its debtor-affiliates filed for Chapter 11 on
May 7, 2009 (Bankr. D. Del. Lead Case No. 09-11601).  Michael R.
Lastowski, Esq., at Duane Morris LLP, represents the Debtors in
their restructuring efforts.  The Debtors tapped The Garden City
Group Inc. as claims agent.  On the petition date, the Debtors
disclosed assets and debts ranging from $100 million to
$500 million.


YOUNG BROADCASTING: Files $4.6MM Consolidated Net Loss in July
--------------------------------------------------------------
Young Broadcasting Inc. and its subsidiaries filed with the United
States Bankruptcy Code in the United States Bankruptcy Court for
the Southern District of New York on August 24, 2009, its monthly
operating report for the month ended July 31, 2009.

The Company posted consolidated net loss of $4,605,456 on net
operating revenues of $11,606,852.

As of July 31, 2009, the Company had $324,362,217 in total assets;
and $24,072,505 in total liabilities not subject to compromise,
and total liabilities subject to Compromise of $903,906,118.

A full-text copy of the Company's July report is available at no
charge at http://ResearchArchives.com/t/s?43c2

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,
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then-ending.

For copies of court documents filed in the District of Delaware,
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                           *********

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
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