TCR_Public/091003.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, October 3, 2009, Vol. 13, No. 273

                            Headlines



AURORA OIL & GAS: Files August 2009 Operating Reports
AUTOBACS STRAUSS: Reports Net Loss in August of $1.1 Million
CIRCUIT CITY: Posts $12,594,000 Net Loss in July 2009
CMR MORTGAGE II: Files August 2009 Monthly Operating Report
CRUCIBLE MATERIAL: Loss Totals $5.2 Million in August

ESCADA AG: U.S. Unit Posts $2.7 Million Loss in August
FLEETWOOD ENTERPRISES: Records $13,132,505 Net Loss in August 2009
FRONTIER AIRLINES: Reports $2 Mil. Net Loss in August
GENERAL GROWTH: Reports $23.2 Million Net Loss for August
GOTTSCHALKS INC: Ends July 2009 With $19,222 Cash

KUSHNER-LOCKE: Posts $62,047 Net Loss in July 2009
LANDAMERICA FIN'L: Incurs $19,058,000 Net Loss for July
LEAR CORP: Incurs $30.7 Million Net Loss for August
MERUELO MADDUX: Posts $3,084,445 Net Loss for August 2009
MIDWAY GAMES: Reports $37,535,294 Net Income for July 2009

NEWPOWER HOLDINGS: Files July 2009 Monthly Operating Report
NORTEL NETWORKS: Files August 2009 Monthly Operating Report
PFF BANCORP: Posts $142,737,423 Net Loss in August 2009
REFCO INC: Refco Trustee Has $49 Million Cash at July 31
REUNION INDUSTRIES: Posts $263,000 Net Loss for June 2009

SHARPER IMAGE: Ends August 2009 With $6,177,149 Cash
SILICON GRAPHICS: Ends August 2009 With $3,805,523 Cash
SMURFIT-STONE: Racks Up $25.6 Million August Profit
SPANSION INC: Incurs $12.3 Million Loss for Month Ended May 24
THORNBURG MORTGAGE: Files August 2009 Operating Report

TOUSA INC: Incurs $19.4 Million Net Loss for August
TVI CORP: Posts $666,030 Net Loss for August 2009
TXCO RESOURCES: Posts $5,275,433 Net Loss for July 2009
VERASUN ENERGY: Files August 2009 Monthly Operating Report
VINEYARD NATIONAL: Ends August 2009 with $1,932,549 Cash



                            *********

AURORA OIL & GAS: Files August 2009 Operating Reports
-----------------------------------------------------
Aurora Oil & Gas Corporation and its subsidiary, Hudson Pipeline &
Processing Co., LLC, filed separate Monthly Operating Reports for
July and August 2009.

Aurora Oil posted a net loss after discontinued operations
attributable to common shareholders of $2,883,794 in July and
$2,839,844 in August.

For the one month ended July 31, 2009, roughly $900,000 was
incurred for restructuring/debt services and bankruptcy legal and
consulting services.  Of the $900,000, $300,000 was incurred on
behalf of the creditors.

For the one and eight months ended August 31, 2009, roughly
$1,400,000 and $4,800,000, respectively was incurred for
restructuring/debt services and bankruptcy legal and consulting
services.  Of the $1,400,000 and $4,800,000, $500,000 and
$2,700,000, respectively was incurred on behalf of the creditors.

As of August 31, 2009, Aurora Oil had $96,595,391 in total assets
and $140,315,783 in total liabilities.  As of July 31, 2009,
Aurora Oil had $97,517,060 in total assets and $138,397,608 in
total liabilities.

Hudson Pipeline posted net income of $82,596 in August from net
income of $78,728 in July.  It had $11,598,705 in total assets
against $496,496 in total current liabilities and $243,127 in
long-term liabilities.

A full-text copy of Aurora Oil's August operating report is
available at no charge at http://ResearchArchives.com/t/s?45ee

A full-text copy of Hudson Pipeline's August operating report is
available at no charge at http://ResearchArchives.com/t/s?45ef

                     About Aurora Oil & Gas

Based in Traverse City, Michigan, Aurora Oil & Gas Corporation
(Pink Sheets: AOGS) is an independent energy company focused on
unconventional natural gas exploration, acquisition, development
and production, with its primary operations in the Antrim Shale of
Michigan, the New Albany Shale of Indiana and Kentucky.

The Company and one affiliate filed for Chapter 11 protection on
July 12, 2009 (Bankr. W.D. Mich. Case Nos. 09-08254 and 09-08255).
Judge Scott W. Dales presides over the case.  Stephen B. Grow,
Esq., at Warner Norcross & Judd, LLP, in Grand Rapids, Michigan;
and Joel H. Levitin, Esq., and Richard A. Stieglitz, Jr., at
Cahill Gordon & Reindel LLP, in New York, serve as the Debtors'
counsel.  Aurora listed between $100 million and $500 million each
in assets and debts.


AUTOBACS STRAUSS: Reports Net Loss in August of $1.1 Million
------------------------------------------------------------
According to Bill Rochelle at Bloomberg, Autobacs Strauss Inc.,
reported a $1.15 million net loss in August on total sales of
$9.9 million. The operating loss for the month was $1.1 million.
From the inception of the case in February, the cumulative net
loss is $9.7 million.  In August, earnings before interest, taxes,
depreciation, and amortization were $196,000.

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.


CIRCUIT CITY: Posts $12,594,000 Net Loss in July 2009
-----------------------------------------------------
Circuit City Stores, Inc., filed its Monthly Operating Report for
the period from July 1 to 31, 2009, with the United States
Bankruptcy Court for the Eastern District of Virginia.

The Debtors incurred a net loss of $12,594,000 during the period
on $0 net sales.  At July 31, the Debtors had $951,064,000 in
total assets and $1,690,711,000 in total liabilities.

During July 2009, the Company recorded a non-cash impairment
charge of $5.1 million related to its remaining owned properties.
During July 2009, the Company did not record a full tax provision.

The Debtors paid $3,223,607 to bankruptcy professionals in July.
Since filing for bankruptcy until the July period, the Debtors
have paid $25,822,321 to bankruptcy professionals.

A full-text copy of the Monthly Operating Report is available at
no charge at http://ResearchArchives.com/t/s?461b

                        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.


CMR MORTGAGE II: Files August 2009 Monthly Operating Report
-----------------------------------------------------------
CMR Mortgage Fund II, LLC, filed with the U.S. Bankruptcy Court
for the Northern District of California, San Francisco Division,
its Monthly Operating Report for the month ended August 31, 2009.

The Debtor posted a net loss of $66,353 for the month.  As of
August 31, it had $74,012,918 in total assets and $36,132,885 in
total liabilities.  It ended August with $787 cash.

California Mortgage and Realty, Inc., acts as manager for the
Debtor.

A full-text copy of the Monthly Operating Report is available at
no charge at http://ResearchArchives.com/t/s?4618

San Francisco, California-based CMR Mortgage Fund II, LLC, is a
limited liability company organized for the purpose of making or
investing in business loans secured by deeds of trust or mortgages
on real properties located primarily in California.   The Company
previously funded lending activities through loan pay downs or pay
offs, as well as by selling its membership interests, and by
selling all or a portion of interests in the loans to individual
investors.  The Company commenced operations in February 2004.
The Company ceased accepting new members in the third quarter of
2006.

The Company filed for Chapter 11 protection on March 31, 2009
(Bankr. N. D. Calif. Case No. 09-30788).  Robert G. Harris, Esq.,
at the Law Offices of Binder and Malter, represents the Debtor as
counsel.  The Debtor listed between $10 million and $50 million
each in assets and debts.


CRUCIBLE MATERIAL: Loss Totals $5.2 Million in August
-----------------------------------------------------
According to Bill Rochelle at Bloomberg, Crucible Materials Corp.
reported a $5.2 million net loss in August on sales of
$11 million.  Since the beginning of the reorganization in early
May, the cumulative net loss is $23.1 million on sales of
$46.9 million.

Based in Syracuse, New York, Crucible Materials Corporation -- aka
Crucible Specialty Metals, Crucible Service Centers, Crucible
Compaction Metals, Crucible Research and Trent Tube -- makes
stainless and alloy steel for use in the aircraft, automotive,
petrochemical, and other industries.  The Company is currently
employee-owned.  Its Web site is http://www.crucible.com/

The Company and its affiliate, Crucible Development Corporation,
filed for Chapter 11 protection on May 6, 2009 (Bankr. D. Del.
Lead Case No. 09-11582).  Mark Minuti, Esq., at Saul Ewing LLP
represents the Debtors in their restructuring efforts.  The
Debtors engaged Duff & Phelps Securities LLP as investment banker;
RAS Management Advisors LLC as business advisor; and Epiq
Bankruptcy Solutions LLC as claims agent.  Roberta A. DeAngelis,
United States Trustee for Region 3, appointed five creditors to
serve on the Official Committee of Unsecured Creditors.  The
Debtors listed assets and debts both ranging from $100 million to
$500 million.


ESCADA AG: U.S. Unit Posts $2.7 Million Loss in August
------------------------------------------------------
Tiffany Kary at Bloomberg News reports that Escada AG's U.S. unit
posted a net loss of $2.7 million in the month of August, leaving
the bankrupt clothing maker with $3.7 million in cash.  The unit,
Escada USA, generated a profit of $1.7 million from Aug. 14 to
Aug. 30 because of a $2.8 million gain on accounts receivable,
according to an operating report.

The ESCADA Group -- http://www.escada.com/-- is an international
fashion group for women's apparel and accessories, which is active
on the international luxury goods market.  It has pursued a course
of steady expansion since its founding in 1976 by Margaretha and
Wolfgang Ley and today has 182 own shops and 225 franchise
shops/corners in more than 60 countries.

As of August 10, 2009, the Escada Group operated 176 owned stores
and so-called shop in shops, of which 26 owned stores are located
in the United States and operated by Escada (USA) Inc. and 2
stores are planned to be opened in the United States before year
end.  Escada Group products are also sold in 163 stores worldwide
which are operated by franchisees.  Escada Group had total assets
of EUR322.2 million against total liabilities of 338.9 million as
of April 30, 2009.

ESCADA AG filed of an insolvency petition in Munich, Germany, on
August 13, 2009.  The competent Municipal Court of Munich has
appointed Dr. jur. Christian Gerloff as preliminary insolvency
administrator.

Wholly owned subsidiary Escada (USA) Inc. filed for Chapter 11 on
August 14, 2009 (Bankr. S.D.N.Y. Case No. 09-15008).  O'Melveny &
Myers LLP has been tapped as bankruptcy counsel.  Kurtzman Carson
Consultants serves as claims and notice agent.  Judge Stuart M.
Bernstein handles the case.  Escada US listed US$50 million to
US$100 million in assets and US$100 million to US$500 million in
debts in its petition.

Bankruptcy Creditors' Service, Inc., publishes Escada USA
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Escada AG's U.S. unit.
(http://bankrupt.com/newsstand/or 215/945-7000)


FLEETWOOD ENTERPRISES: Records $13,132,505 Net Loss in August 2009
------------------------------------------------------------------
Fleetwood Enterprises, Inc., on September 23, 2009, filed its
monthly operating report for the period beginning on July 27, 2009
through August 23, 2009, with the United States Trustee for the
Central District of California, Riverside Division.

Fleetwood posted a net loss of $13,132,505 in August.  As of
August 23, 2009, Fleetwood had $211,531,000 in total assets and
$370,707,000 in total liabilities, resulting in $159,176,000 in
stockholders' deficit.

A full-text copy of the August Monthly Operating Report is
available at no charge at http://ResearchArchives.com/t/s?45eb

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.


FRONTIER AIRLINES: Reports $2 Mil. Net Loss in August
-----------------------------------------------------
Frontier Airlines Holdings, Inc. reported an operating profit of
$10.2 million for the month of August.  The Company also reported
a net loss of $2.0 million, due to expenses associated with its
bankruptcy case.  The results were filed in the Company's
unaudited Monthly Operating Report for August 2009.

Frontier reported a consolidated operating profit of
$10.2 million for the month of August 2009, compared to an
operating income of $3.3 million for the same period in 2008, and
a total consolidated net loss of $2.0 million compared to a net
loss of $5.6 million for August 2008.  Excluding special items,
the Company would have reported net income of $10.2 million, or a
net margin of 10.0 percent, in August 2009, compared to net income
of $1.2 million, or a margin of 0.9 percent, in 2008.  Excluding
special items, the operating profit for the month was
$11.9 million versus an operating profit of $3.4 million in August
2008.

Special items for the month of August 2009 included $10.5 million
of reorganization expense, compared to $6.5 million in August
2008.

    Operational results for the month of August 2009 included:

    * A 13.0 percent year-over-year mainline capacity reduction

    * Mainline unit cost excluding fuel (CASM ex-fuel) was 5.81
      cents, an increase of 8.4 percent over August 2008

    * Mainline total unit cost (CASM) was 8.96 cents, a 16.3
      percent reduction from the same period in 2008

    * Mainline passenger revenue (PRASM) was 9.31 cents, a
      reduction of 12.6 percent from the previous year

    * Mainline total unit revenue (RASM) was 10.17 cents, an 8.2
      percent reduction compared to August 2008

"It is impressive that, even with more than $10 million in
expenses related to our bankruptcy case, double-digit reduction
in revenue due to the continuing weak economy and constant
competitive pressure, we still managed a $10 million operating
profit in August," said Frontier President and CEO Sean Menke.
"This and our financial performance over the past 10 months is
validation of our laser focus on cost, our continuing revenue
development efforts and our constant attention to providing the
highest levels of service to our loyal customers."

Frontier expects to emerge from bankruptcy on October 1, 2009, as
a wholly owned subsidiary of Republic Airways Holdings, Inc.

A copy of the Monthly Operating Report is available for free at:
http://www.frontierairlines.com/secfilings/8k083109/8k083109.pdf

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

                             ASSETS

CURRENT ASSETS:
Cash and cash equivalents                           $69,985,000
Restricted cash and investments                     164,962,000
Receivables, net of allowance                        34,215,000
Prepaid expenses and other assets                    20,279,000
Inventories, net of allowance                        12,614,000
Assets held for sale                                    605,000
                                                 ---------------
Total current assets                                 302,660,000


Property and other equipment, net                    582,937,000
Security and other deposits                           27,945,000
Maintenance reserve deposits                         135,432,000
Aircraft pre-delivery payments                         6,869,000
Restricted investments                                 2,987,000
Deferred loan expenses and other assets                8,862,000
                                                 ---------------
Total Assets                                      $1,067,692,000
                                                 ===============

             LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities not subject to compromise:

CURRENT LIABILITIES:
Accounts payable                                    $45,040,000
Air traffic liability                               139,566,000
Other accrued expenses                               54,045,000
Short-term borrowings                                14,115,000
Deferred revenue & other current liabilities         13,134,000
DIP financing                                        40,000,000
                                                  --------------
Total current liabilities not subject
to compromise                                       305,900,000

Deferred revenue and other liabilities                17,127,000
Other long-term debt -- postpetition                   3,000,000
                                                  --------------
Total liabilities not subject to compromise          326,027,000

Liabilities subject to compromise                    685,947,000
                                                  --------------
Total Liabilities                                  1,011,974,000

STOCKHOLDERS' EQUITY
Preferred stock                                               -
Common stock                                             37,000
Additional paid-in capital                          197,485,000
Cumulative effect of accounting principle           124,511,000
Accumulated deficit                                (266,315,000)
                                                  --------------
Total Stockholders' Deficit                           55,718,000
                                                  --------------
Total Liabilities and Stockholders' Deficit       $1,067,692,000
                                                  ==============

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

Revenues:
Passenger                                           $94,018,000
Cargo                                                   438,000
Other                                                 7,555,000
                                                  --------------
Total revenues                                       102,011,000

Operating expenses:
Flight operations                                    13,072,000
Aircraft fuel                                        31,246,000
Aircraft lease                                        9,396,000
Aircraft and traffic servicing                       14,610,000
Maintenance                                           5,445,000
Promotion and sales                                  10,115,000
General and administrative                            5,031,000
Operating expenses -- regional partner                        -
Loss (gain) on sales of assets, net                           -
Employee separation and other charges                         -
Depreciation                                          2,899,000
                                                  --------------
Total operating expenses                              91,814,000
                                                  --------------
Operating income (loss)                               10,197,000

Non-operating income (expense):
Interest income                                         127,000
Interest expense                                     (1,750,000)
Loss from early extinguishment of debt                        -
Other, net                                               35,000
                                                  --------------
Total non-operating expense, net                      (1,588,000)

Income before reorganization items & income tax        8,609,000

Reorganization items                                 10,495,000
Income tax expense                                      104,000
                                                  --------------
Net Income (Loss)                                    ($1,990,000)
                                                  ==============

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

Cash flows from operating activities:
Net income (loss)                                   ($1,990,000)

Adjustments to reconcile net loss to net cash
provided by (used in) operating activities:
ESOP and stock option compensation expense               74,000
Depreciation and amortization                         3,112,000
Assets beyond economic repair                            65,000
Mark to market adjustments on
  derivative contracts                                 1,665,000
Amounts paid for settled derivative contracts                 -
Gain on disposal of equipment & other assets, net             -
Loss on early extinguishment of debt                          -
Reorganization items                                 10,495,000
Changes in operating assets and liabilities:
Restricted investments                                5,053,000
Receivables                                           2,777,000
Security and other deposits                           1,097,000
Maintenance reserve payments                         (2,042,000)
Prepaid expenses and other assets                     4,082,000
Inventories                                             380,000
Accounts payable                                      7,629,000
Air traffic liability                               (11,293,000)
Other accrued expenses & income tax payable              28,000
Deferred revenue and other liabilities                 (876,000)
                                                  --------------
Net cash provided by (used in)
operating activities                                 20,256,000

Cash flows from reorganization activities
Net cash (used in) provided by
reorganization activities                            (9,821,000)
                                                 ---------------
Total net cash provided by (used in)
operating activities                                 10,435,000

Cash flows from investing activities:
Aircraft purchase deposits made                      (2,262,000)
Aircraft purchase deposits returned/applied           2,658,000
Sale of short-term investment                                 -
Proceeds from the sale of property and
equipment and assets held for sale                       13,000
Capital expenditures                                (20,588,000)
Proceeds from the sale of aircraft
-- reorganization                                             -
                                                  --------------
Net cash provided by (used in)
investing activities                                (20,179,000)

Cash flows from financing activities:
Proceeds from DIP financing (postpetition)                    -
Proceeds from short-term borrowings                  14,115,000
Extinguishment of long-term borrowings                        -
Principal payments on long-term borrowings           (2,075,000)
Principal payments on short-term borrowing                    -
Payment of financing fees                               (90,000)
Extinguishment of long-term borrowings --
reorganization                                                -
                                                  --------------
Net cash provided by (used in)
financing activities                                 11,950,000

Increase in cash and cash equivalents                  2,206,000
Cash and cash equivalents at beginning of period      67,779,000
                                                  --------------
Cash and cash equivalents at end of period           $69,985,000
                                                  ==============

Frontier Airlines Holdings, Inc., is the parent company of Denver-
based Frontier Airlines.  Currently in its 16th 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 is made up of one of the youngest Airbus fleets in
North America offering 24 channels of DIRECTV(R) service in every
seatback along with a comfortable all-coach configuration.

In conjunction with a fleet of 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.  In addition, Frontier and Midwest
Airlines have a codeshare partnership that allows passengers of
both airlines access to 70 destinations in the U.S., Mexico and
Costa Rica.

Republic Airways Holdings, Inc., expects to close on its purchase
of Frontier Airlines on or before October 1, 2009, after which
Frontier will become a subsidiary of Republic, alongside Midwest
Airlines and Republic's other wholly owned subsidiaries.

                      About Frontier Airlines

Frontier Airlines Holdings, Inc. (OTCBB: FRNTQ) is the parent
company of Denver-based Frontier Airlines and Lynx Aviation.
Currently in its 16th 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 is made up of one of the
youngest Airbus fleets in North America offering 24 channels of
DIRECTV(R) service in every seatback along with a comfortable all-
coach configuration. In conjunction with a fleet of Bombardier
Q400 aircraft operated by Lynx Aviation, Frontier offers routes to
more than 50 destinations in the U.S., Mexico and Costa Rica.  In
addition, Frontier and Midwest Airlines, a subsidiary of Republic,
have a codeshare partnership that allows passengers of both
airlines access to 70 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.

As reported by the TCR on August 14, Republic Airways Holdings,
Inc. (NASDAQ: RJET) has been declared the winning bidder in the
auction to acquire Frontier, beating Southwest Airlines.  Republic
Airways expects to close on its purchase of Frontier Airlines on
or about Oct. 1, 2009, after which Frontier and Lynx will become
subsidiaries of Republic, alongside Midwest Airlines and
Republic's other wholly owned subsidiaries.

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: Reports $23.2 Million Net Loss for August
---------------------------------------------------------
                    General Growth Properties, Inc.
                  Consolidated Condensed Balance Sheet
                         As of August 31, 2009

Assets
Investment in real estate:
Land                                            $2,946,905,000
Buildings and equipment                         19,495,558,000
Less accumulated depreciation                   (3,970,212,000)
Developments in progress                           868,408,000
                                               ----------------
    Net property and equipment                   19,340,659,000

Investment in and loans to/from
Unconsolidated Real Estate Affiliates              385,916,000
Investment property and property held for
development and sale                             1,108,401,000
Investment in consolidated non-debtor entities   3,681,002,000
                                               ----------------
    Net investment in real estate                24,515,978,000

Cash and cash equivalents                           577,038,000
Accounts and notes receivable, net                  327,906,000
Goodwill                                            211,540,000
Deferred expenses, net                              248,870,000
Prepaid expenses and other assets                   566,597,000
                                               ----------------
  Total assets                                  $26,447,929,000
                                               ================

Liabilities and Equity:
Mortgages, notes and loans payable                 $400,000,000
Investment in and loans to/from
Unconsolidated Real Estate Affairs                  31,966,000
Deferred tax liabilities                            892,277,000
Accounts payable and accrued expenses               708,953,000
                                               ----------------
Liabilities not subject to compromise            2,033,196,000
                                               ----------------
Liabilities subject to compromise               22,291,377,000
                                               ----------------
Total liabilities                               24,324,573,000
                                               ----------------

Redeemable noncontrolling interests:
Preferred                                          120,756,000
Common                                              37,262,000
                                               ----------------
Total redeemable noncontrolling interests          158,018,000
                                               ----------------

Equity:
Common stock                                         3,138,000
Additional paid-in capital                       3,793,011,000
Retained earnings (accumulated deficit)         (1,745,279,000)
Accumulated other comprehensive loss               (22,426,000)
Less common stock in treasury, at cost             (76,752,000)
                                               ----------------
Total stockholder's equity                       1,951,692,000
Noncontrolling interests in consolidated
real estate affiliates                              13,646,000
                                               ----------------
Total equity                                     1,965,338,000
                                               ----------------
  Total liabilities and equity                  $26,447,929,000
                                               ================

                    General Growth Properties, Inc.
                    Consolidated Statement of Income
                   For the Month ended August 31, 2009

Revenues:
Minimum rents                                     $139,408,000
Tenant recoveries                                   59,626,000
Overage rents                                        3,021,000
Land sales                                             639,000
Other                                                5,686,000
                                               ----------------
  Total revenues                                    208,380,000
                                               ----------------

Expenses:
Real estate taxes                                   18,580,000
Repairs and maintenance                             15,645,000
Marketing                                            1,976,000
Ground and other rents                                 965,000
Other property operating costs                      28,725,000
Land sales operations                                1,427,000
Provision for doubtful accounts                        257,000
Property management and other costs                 11,209,000
General and administrative                           3,752,000
Provisions for impairment                               76,000
Depreciation and amortization                       51,684,000
                                               ----------------
  Total expenses                                    134,296,000
                                               ----------------
Operating income                                     74,840,000

Interest (expense) income, net                      (95,806,000)
                                               ----------------

Loss before income taxes, noncontrolling
interests, equity in income of Unconsolidated
Real Estate Affiliates and reorganization items    (21,722,000)
Provision for income taxes                            1,376,000
Equity in income of Unconsolidated Real Estate
Affiliates                                           7,064,000
Reorganization items                                 (9,318,000)
                                               ----------------
Net loss                                            (22,600,000)
Allocation to noncontrolling interests                 (596,000)
                                               ----------------
Net loss attributable to common stockholders       ($23,196,000)
                                               ================

                       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)


GOTTSCHALKS INC: Ends July 2009 With $19,222 Cash
-------------------------------------------------
Gottschalks Inc. filed the Bankruptcy Court its monthly operating
report for the period July 5 to August 1, 2009.

The Debtor ended the period with $19,222 cash.  During the period,
the Debtor paid $2,389,076 in bankruptcy professional fees and
reimbursed $96,977 in professionals' expenses.  The amounts paid
include $142,555 in fees and $1,063 in expenses paid to GE
Capital's legal advisors, which represent disbursements related to
advisory work on the Debtor's Credit Agreement performed
prepetition.

The Debtor booked $446,000 in total revenues for the month and
recorded a $31,145,000 net loss.  At August 1, 2009, the Debtor
had $56,810,000 in total assets and $92,985,000 in total
liabilities.

The July Monthly Operating Report is available at no charge at:

               http://ResearchArchives.com/t/s?4514

                         About Gottschalks

Headquartered in Fresno, California, Gottschalks Inc. (Pink
Sheets: GOTTQ.PK) -- http://www.gottschalks.com/-- is a regional
department store chain, operating 58 department stores and three
specialty apparel stores in six western states.  Gottschalks
offers better to moderate brand-name fashion apparel, cosmetics,
shoes, accessories and home merchandise.

The Company filed for Chapter 11 protection on January 14, 2009
(Bankr. D. Del. Case No. 09-10157).  O'Melveny & Myers LLP
represents the Debtor in its Chapter 11 case.  Lee E. Kaufman,
Esq., and Mark D. Collins, Esq., at Richards, Layton & Finger,
P.A., serves as the Debtors' co-counsel.  The Debtor selected
Kurtzman Carson Consultants LLC as its claims agent.  The U.S.
Trustee for Region 3 appointed seven creditors to serve on an
official committee of unsecured creditors.  When the Debtor filed
for protection from its creditors, it listed $288,438,000 in
total assets and $197,072,000 in total debts.


KUSHNER-LOCKE: Posts $62,047 Net Loss in July 2009
--------------------------------------------------
The Kushner-Locke Company and certain of its wholly owned
subsidiaries posted a net loss of $62,047 in July 2009.  The
Debtors ended July 2009 with:

    -- $313,167 in cash in a Comerica Bank account;
    -- $642,455 in cash in a JP Morgan Chase account; and
    -- $1,251,082 in cash in a City National Bank account.

The Debtors had $2,799,576 in total assets and $29,350 in total
liabilities at July 31, 2009.

A full-text copy of the Debtors' July operating report is
available at no charge at http://ResearchArchives.com/t/s?45ea

On August 19, the Debtors filed copies of their monthly operating
reports for the periods from March to June 2009.

    1. March 2009 Monthly Operating Report

       See http://ResearchArchives.com/t/s?426f

    2. April 2009 Monthly Operating Report

       See http://ResearchArchives.com/t/s?426e

    3. May 2009 Monthly Operating Report

       See http://ResearchArchives.com/t/s?426d

    4. June 2009 Monthly Operating Report

       See http://ResearchArchives.com/t/s?426c

The Debtors posted a net loss of $79,528 in March, a net loss of
$72,467 in April, a net loss of $72,573 in May, and a net loss of
$54,331 in June.

Headquartered in Los Angeles, California, The Kushner-Locke
Company is a low-budget movie production studio.  The company,
along with its debtor-affiliates filed for chapter 11 protection
on November 21, 2001 (Bankr. C.D. Calif. Lead Case No. 01-44828).
Carol Chow, Esq., and Charles Axelrod, Esq., at Stutman, Treister
& Glatt; Mara Mornet-Ritt, Esq., at Brandon & Morner-Ritt; and
Martin Fineman, Esq., at Davis Wright Tremaine LLP, represent the
Debtors in their restructuring efforts.  Jeremy V. Richards, Esq.,
at Pachulski Stang Ziehl & Jones LLP, represent the Official
Committee of Unsecured Creditors as counsel.


LANDAMERICA FIN'L: Incurs $19,058,000 Net Loss for July
-------------------------------------------------------

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

ASSETS

  Cash                                         $81,229,000
  Restricted Cash                              $15,523,000
  Notes:
     Fidelity National Title                    50,000,000
     Other                                      12,957,000

  Investments:
     Fidelity National Title stock              54,892,000
     Short Term Investments                              0

  Taxes receivable                              21,462,000
  Property and equipment                        14,520,000
  Title Plans                                      945,000
  Other assets                                  53,021,000
  Investments in subsidiaries and
     consolidated joint ventures               651,318,000
  Intercompany receivable                      251,842,000
                                           ---------------
     Total Assets                           $1,207,709,000
                                           ===============

LIABILITIES

  Accounts payable and accrued liabilities      25,977,000
  Liabilities subject to compromise            488,497,000
                                           ---------------
     Total Liabilities                         514,474,000
                                           ---------------
     Total Shareholders' Equity                693,235,000
                                           ---------------
     Total Liabilities and
        Shareholders' Equity                $1,207,709,000
                                           ===============

               LandAmerica Financial Group, Inc.
                    Statement of Operations
               For the month ended July 31, 2009

Revenue:
  Investment and other income                     $440,000
  Valuation adjustment related to
     Fidelity National Title Stock               2,605,000
                                           ---------------
     Total Revenue                              $3,045,000
                                           ===============

Expenses
  General, administrative and other expenses       816,000
  Professional fees                              3,792,000
  Impairment of assets                          (1,735,000)
  Depreciation and amortization                    298,000
  Interest Expense                               3,891,000
  Loss (Gain) on disposal of subsidiaries       15,042,000
                                           ---------------
     Total Expenses                             22,102,000
                                           ---------------
     Net Loss before income taxes              (19,058,000)

     Income tax benefit                                  0
                                           ---------------
     Net Loss                                 ($19,058,000)
                                           ===============

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

Operating Cash and Cash Equivalents

Held for the benefit:
  LandAmerica Financial Group, Inc.            $63,831,000
  PBGC                                           4,657,000
  Underwriters                                   7,474,000
  Retained Subsidiaries                          2,929,000
                                           ---------------
     Opening Cash                               78,891,000
                                           ---------------

Cash Receipts

  Collection received for the benefit of:
     Underwriters                                   19,000
     Retained subsidiaries                      10,299,000

  Payment reimbursements by:
     Underwriters                                        0
     Retained Subsidiaries                      10,209,000

  Proceeds from sale of the
  underwriting business:
     LandAmerica Financial Group, Inc.                   0
     Retained Subsidiaries                               0

  Proceeds from LandAm Valuation sale                    0
  Proceeds from LoanCare sale                            0
  Proceeds from RealEC                           2,500,000

  Other Receipts                                 1,624,000
                                           ---------------
     Total Receipts                             24,652,000
                                           ---------------

Cash Disbursement

  Related to LFG
     Payroll                                     1,177,000
     Rent & other occupancy costs                  190,000
     Insurance                                     126,000
     Leases                                         51,000
     Information Technology                        591,000
     Payables                                      171,000
     Bankruptcy Professional Fees                3,030,000
     Return of Funds - Underwriters                      0
     Transfers to Restricted Cash                4,657,000
     Others                                              0
                                           ---------------
     Total                                       9,991,000
                                           ---------------
  Payments made for the benefit of;
     Underwriters                                  517,000
     Retained subsidiaries                      11,805,000
                                           ---------------
     Total Disbursements                        22,314,000
                                           ---------------
Net Cash Flow                                    2,338,000
                                           ---------------
Ending Cash and Cash Equivalents               $81,229,000
                                           ===============

Ending Cash and Cash Equivalents

  Held for the benefit:
     LFG                                       $62,620,000
     Underwriters                                6,976,000
     Retained subsidiaries                      11,632,000
                                           ---------------
     Total                                     $81,229,000
                                           ===============

In Form 8-K filing submitted to the U.S. Securities and
Exchange Commission, Debtor LandAmerica Financial Group, Inc.,
cautions investors and potential investors not to place undue
reliance on information contained in the July 2009 Monthly
Operating Report, which was not prepared for the purpose of
providing the basis for an investment decision relating to any of
LFG's securities.

G. William Evans, executive vice president and chief financial
office of LFG, said the Report was not audited by independent
accountants, is limited in scope, covers a limited time period,
and has been prepared solely for the purpose of complying with
the monthly reporting requirements of the Office of the United
States Trustee.

                    About LandAmerica Financial

LandAmerica Financial Group, Inc., provides real estate
transaction services with offices nationwide and a vast network of
active agents.  LandAmerica and its affiliates operate through
approximately 700 offices and a network of more than 10,000 active
agents throughout the world, including Mexico, Canada, the
Caribbean, Latin America, Europe, and Asia.

LandAmerica Financial Group and its affiliate LandAmerica 1031
Exchange Services, Inc. filed for Chapter 11 protection Nov. 26,
2008 (Bankr. E.D. Va. Lead Case No. 08-35994).  Dion W. Hayes,
Esq., and John H. Maddock III, Esq., at McGuireWoods LLP, are the
Debtors' bankruptcy counsel.  In its bankruptcy petition, LFG
listed total assets of $3,325,100,000, and total debts of
$2,839,800,000 as of Sept. 30, 2008.

On March 6, 2009, affiliate LandAmerica Assessment Corporation,
aka National Assessment Corporation, filed its own petition for
Chapter 11 relief.  Affiliate LandAmerica Title Company filed for
for Chapter 11 relief on March 27, 2009.

LandAmerica Credit Services, Inc., filed for Chapter 11 in July
2009.

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


LEAR CORP: Incurs $30.7 Million Net Loss for August
---------------------------------------------------
A full-text copy of Lear Corp. and its debtor affiliates'
consolidated monthly operating report for the month ended August
2009 is available for free at:

          http://bankrupt.com/misc/Lear_Aug09_MOR.pdf



                     Lear Corporation et al.
               Condensed Consolidated Balance Sheet
                     As of August [_], 2009

ASSETS
Current Assets:
Cash and cash equivalents                        $762,900,000
Accounts receivable                                93,300,000
Inventories                                       181,800,000
Amounts due from non-Debtor subsidiaries        1,589,400,000
Other                                              65,000,000
                                                --------------
Total current assets                              2,692,400,000

Long-term Assets:
Property, plant and equipment, net                346,400,000
Goodwill                                                    0
Investments in non-Debtor subsidiaries          1,689,300,000
Other                                             181,700,000
                                                --------------
Total long-term assets                           2,217,400,000
                                                --------------
Total assets                                    $4,909,800,000
                                                ==============

LIABILITIES AND DEFICIT ATTRIBUTABLE TO
DEBTORS CURRENT LAIBILITIES NOT SUBJECT TO
COMPROMISE:
Accounts payable and drafts                      $276,900,000
Accrued Liabilities                                39,600,000
DIP Facility                                      500,000,000
                                                --------------
Total current liabilities                         816,500,000
                                                --------------

Long-term Liabilities Not Subject to Compromise:
Other long-term liabilities                                 0
Liabilities Subject to Compromise                4,308,100,000
                                                --------------
Total liabilities                                5,124,600,000
                                                --------------
Deficit attributable to Debtors                   (214,800,000)
                                                --------------
                                                $4,909,800,000
                                                ==============

                    Lear Corporation et al.
               Condensed Statement of Operations
                For the Month Ended August 2009

Net Sales                                          $247,400,000

Cost of sales                                       219,800,000
Selling, general and administrative expenses         14,300,000
Intercompany interest income                         (3,700,000)
Interest expense                                      8,100,000
Other income, net                                     4,800,000
Equity in net loss of non-Debtor subsidiaries        18,400,000
Reorganization items
Professional fees                                   11,100,000
Incentive compensation expense                       4,600,000
                                                 --------------
Loss before provision for income taxes              (30,000,000)
Provision for income taxes                              700,000
                                                 --------------
Net loss                                           ($30,700,000)
                                                 ==============

                     Lear Corporation et al.
                    Schedule of Cash Receipts
                        For August 2009

Lear Corporation                                   $471,261,000
Lear #50 Holdings, LLC                                        0
Lear Argentine Holdings Corporation #2                        0
Lear Automotive Dearborn, Inc.                                0
Lear Automotive Manufacturing, LLC                            0
Lear Canada                                          17,577,000
Lear Canada Investments Ltd.                                  0
Lear Corporation(Germany) Ltd.                                0
Lear Corporation Canada Ltd.                                  0
Lear Corporation EEDS and Interiors                  35,331,000
Lear Corporation Global Development, Inc.                     0
Lear EEDS Holdings, LLC                                       0
Lear European Operations Corporation                          0
Lear Holdings, LLC                                            0
Lear Investments Company, LLC                                 0
Lear Mexican Holdings Corporation                             0
Lear Mexican Holdings, LLC                                    0
Lear Mexican Seating Corporation                        335,000
Lear Operations Corporation                          25,671,000
Lear Seating Holdings Corp. #50                               0
Lear South Africa Limited                                     0
Lear South American Holdings Corporation                      0
Lear Trim L.P.                                        4,320,000
Renosol Seating, LLC                                    583,000
                                                 --------------
Total                                              $555,078,000
                                                 ==============

                        Lear Corporation
                    Schedule of Disbursements
                         For August 2009

Lear Corporation                                   ($41,672,000)
Lear #50 Holdings, LLC                                        0
Lear Argentine Holdings Corporation #2                        0
Lear Automotive Dearborn, Inc.                                0
Lear Automotive Manufacturing, LLC                            0
Lear Canada                                         (10,027,000)
Lear Canada Investments Ltd.                                  0
Lear Corporation(Germany) Ltd.                                0
Lear Corporation Canada Ltd.                                  0
Lear Corporation EEDS and Interiors                 (11,643,000)
Lear Corporation Global Development, Inc.                     0
Lear EEDS Holdings, LLC                                       0
Lear European Operations Corporation                          0
Lear Holdings, LLC                                            0
Lear Investments Company, LLC                                 0
Lear Mexican Holdings Corporation                             0
Lear Mexican Holdings, LLC                                    0
Lear Mexican Seating Corporation                    (17,177,000)
Lear Operations Corporation                          (9,835,000)
Lear Seating Holdings Corp. #50                               0
Lear South Africa Limited                                     0
Lear South American Holdings Corporation                      0
Lear Trim L.P.                                       (9,947,000)
Renosol Seating, LLC                                 (1,626,000)
                                                  -------------
Total                                             ($101,927,000)
                                                  =============

                         About Lear Corp.

Lear Corporation -- http://www.lear.com/-- is one of the world's
leading suppliers of automotive seating systems, electrical
distribution systems and electronic products.  The Company's
products are designed, engineered and manufactured by a diverse
team of 80,000 employees at 210 facilities in 36 countries.
Lear's headquarters are in Southfield, Michigan, and Lear is
traded on the New York Stock Exchange under the symbol [LEA].
Outside the United States, Lear has subsidiaries in Germany,
Luxembourg, Sweden, Singapore, China, India and Mexico, among
others.

Lear Corporation and its affiliates filed for Chapter 11 on
July 7, 2009 (Bankr. S.D.N.Y. Case No. 09-14326).  Affiliates part
of the Chapter 11 filing include Lear South Africa Limited, Lear
Corporation (Germany) Ltd., Lear Corporation Canada Ltd., Lear
Mexican Holdings Corporation, and Lear South American Holdings
Corporation.

Attorneys at Kirkland & Ellis LLP, serve as the Debtors'
bankruptcy counsel.  McCarthy Tetrault LLP has been engaged as
CCAA counsel.  Bodman LLP has been hired as special Michigan
counsel.  Winston & Strawn LLP and Brooks Kushman P.C. have also
been tapped as special counsel.  Alvarez & Marsal North America,
LLC, is the Debtors' restructuring advisors.  Ernst & Young LLP is
the Debtors' auditors and tax advisors.  Kurtzman Carson
Consultants LLC is the Debtors' claims and notice agent.  Simpson
Thacher & Bartlett LLP represents JP Morgan, as admin. agent for
senior secured lenders and DIP lenders.

As of May 30, 2009, Lear has assets of $1,270,800,000 against
debts of $4,536,000,000.

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


MERUELO MADDUX: Posts $3,084,445 Net Loss for August 2009
---------------------------------------------------------
Meruelo Maddux Properties, Inc., and certain of its direct and
indirect subsidiaries and affiliates on September 22, 2009, filed
their unaudited condensed combined debtors-in-possession financial
statements included in the Monthly Operating Report for the one
month ended August 31, 2009, with the United States Bankruptcy
Court for the Central District of California, San Fernando Valley
Division.

The Debtors posted a $3,084,445 net loss for August and ended the
month with $16,538,071 in cash.

As of August 31, 2009, the Debtor had $539,620,892 in total assets
and $313,644,999 in total liabilities.

The Debtors posted a $2,638,905 net loss for July and ended the
month with $16,965,918 in cash.

As of July 31, 2009, the Debtor had $540,354,399 in total assets
and $311,449,355 in total liabilities.

A full-text copy of the August Monthly Operating Report is
available at no charge at http://ResearchArchives.com/t/s?45e9

A full-text copy of the July Monthly Operating Report is available
at no charge at http://ResearchArchives.com/t/s?4349

Based in Los Angeles, California, Meruelo Maddux Properties, Inc.
-- http://www.meruelomaddux.com/-- together with its affiliates,
engage in residential, commercial and industrial development.

Meruelo Maddux and its affiliates filed for Chapter 11 protection
on March 26, 2009 (Bankr. C.D. Calif. Lead Case No. 09-13356).
Aaron De Leest, Esq., John J. Bingham, Jr., Esq., and John N.
Tedford, Esq., at Danning Gill Diamond & Kollitz, represent the
Debtors in their restructuring efforts.  Peter C. Anderson, the
United States Trustee for Region 16, appointed five creditors to
serve on the Creditors Committee.  Asa S. Hami, Esq., Tamar
Kouyoumjian, Esq., and Victor A. Sahn, Esq., at SulmeyerKupetz, A
Professional Corporation, represent the Creditors Committee as
counsel.  The Debtors' financial condition as of December 31,
2008, showed estimated assets of $681,769,000 and estimated debts
of $342,022,000.


MIDWAY GAMES: Reports $37,535,294 Net Income for July 2009
----------------------------------------------------------
Midway Games Inc. and its debtor-affiliates posted net income of
$37,535,294 on net revenues of $3,251,283 for July 2009.

The Debtors had $1,336,454,317 in total assets; against $6,602,429
in postpetition liabilities, $1,412,394,464 in prepetition
liabilities, $66,486,435 in liabilities due to Debtors, $749,753
due to non-Debtor MGI subsidiaries, $12,793,702 in deferred income
taxes and $355,578 in deferred rent; resulting in $162,928,045 in
stockholders' deficit.

A full-text copy of the Company's monthly report is available at
no charge at http://ResearchArchives.com/t/s?45f1

Headquartered in Chicago, Illinois, Midway Games Inc. (OTC Pink
Sheets: MWYGQ) -- http://www.midway.com/-- with offices
throughout the world, is a leading developer and publisher of
interactive entertainment software for major videogame systems and
personal computers.

The Company and nine of its affiliates filed for Chapter 11
protection on February 12, 2009 (Bankr. D. Del. Lead Case No.
09-10465).  Michael D. DeBaecke, Esq., Jason W. Staib, Esq, and
Victoria A. Guilfoyle, Esq., at Blank Rome LLP, in Wilmington,
Delaware; and Marc E. Richards, Esq., and Pamela E. Flaherty,
Esq., at Blank Rome LLP, in New York, represent the Debtors in
their restructuring efforts.  Attorneys at Milbank, Tweed, Hadley
& McCloy LLP and Richards, Layton & Finger, P.A. represent the
official committee of unsecured creditors as counsel.  Epiq
Bankruptcy Solutions, LLC, is the Debtors' claims, noticing, and
balloting agent.

On July 10, 2009, Midway and certain of its U.S. subsidiaries
completed the sale of substantially all of their assets to
Warner Bros. Entertainment Inc. in a sale approved by the Court.
The aggregate gross purchase price is roughly $49 million,
including the assumption of certain liabilities.  Midway is
disposing of its remaining assets.

At June 30, 2009, the Debtors had $1.39 billion in total assets
and $1.59 billion in total liabilities.  A full-text copy of the
Debtors' monthly operating report for the month ended June 30, is
available at http://researcharchives.com/t/s?41c1


NEWPOWER HOLDINGS: Files July 2009 Monthly Operating Report
-----------------------------------------------------------
NewPower Holdings, Inc., filed its monthly operating report for
the period of June 30 to July 31, 2009, with the United States
Bankruptcy Court for the Northern District of Georgia, Newnan
Division.

The Company closed the period with $680 cash.

A full-text copy of the July Monthly Operating Report is available
at no charge at http://ResearchArchives.com/t/s?461a

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

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

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


NORTEL NETWORKS: Files August 2009 Monthly Operating Report
-----------------------------------------------------------
Nortel Networks Inc., and several other direct and indirect U.S.
subsidiaries and affiliates filed on September 28, 2009, their
unaudited condensed combined debtors-in-possession financial
statements included in the Monthly Operating Report for the period
from August 2 to 29, 2009, with the United States Bankruptcy Court
for the District of Delaware.

Nortel Networks Inc. posted net earnings of $126,000,000 on total
revenues of $333,000,000.

As of August 29, 2009, Nortel Networks Inc. had $3,269,000,000 in
total assets and $7,415,000,000 in total liabilities.

A full-text copy of the Monthly Operating Report is available at
no charge at http://ResearchArchives.com/t/s?4615

                      About Nortel Networks

Nortel Networks (OTCBB:NRTLQ) -- http://www.nortel.com/--
delivers communications capabilities that make the promise of
Business Made Simple a reality for our customers. Our next-
generation technologies, for both service provider and enterprise
networks, support multimedia and business-critical applications.
Nortel's technologies are designed to help eliminate today's
barriers to efficiency, speed and performance by simplifying
networks and connecting people to the information they need, when
they need it.

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.

Several entities, particularly, Nortel Government Solutions
Incorporated have material operations and are not part of the
bankruptcy proceedings.

As of September 30, 2008, Nortel Networks Corp. reported
consolidated assets of $11.6 billion and consolidated liabilities
of $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 $9 billion and
liabilities of $3.2 billion, which do not include NNI's guarantee
of some or all of the Nortel Companies' about $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)


PFF BANCORP: Posts $142,737,423 Net Loss in August 2009
-------------------------------------------------------
PFF Bancorp, Inc., filed with the Bankruptcy Court an amendment to
its August 2009 monthly operating report to update certain
information provided in the report.

PFF Bancorp recorded a net loss of $142,737,423 in August on
interest income of $33,315.  Effective August 31, 2009, Bancorp's
initial investment in PFF Bank & Trust was eliminated.

Bancorp reported a net loss of $535,958 in July 2009.

Bancorp had $15,965,041 in total assets, including $4,649,053 in
bank accounts, against $117,430,056 in total liabilities,
resulting in $101,465,014 in total deficit.  Bancorp ended the
period with $2,949,053 in cash.

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

              http://ResearchArchives.com/t/s?45f0

A full-text copy of the July operating report is available at no
charge at http://ResearchArchives.com/t/s?4512

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

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

PFF Bancorp Inc. and its affiliates sought Chapter 11 protection
on December 5, 2008 (Bankr. D. Del. Case No. 08-13127 to 08-
13131).  Chun I. Jang, Esq., and Paul N. Heath, Esq., at Richards,
Layton & Finger, P.A., represent the Debtors in their
restructuring efforts.  Kurtzman Carson Consultants LLC serves as
the Debtors' claims agent.  Jason W. Salib, Esq., at Blank Rome
LLP, represents the official committee of unsecured creditors as
counsel.


REFCO INC: Refco Trustee Has $49 Million Cash at July 31
--------------------------------------------------------
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 July 1 to 31,
2009.

The Chapter 7 Trustee reported that Refco LLC's beginning balance
in its Money Market account with JPMorgan Chase Bank, N.A.,
totaled $48,880,000, as of July 1.

During the Reporting Period, Refco LLC received $10,000 in
interest income.  No transfers were made, Mr. Togut noted.

Refco LLC held $49,025,000 at the end of the period.

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

Beginning Balance, July 1, 2009                      $48,880,000

RECEIPTS
Interest Income                                           10,000
Sale of Assets                                                 0
Marshalling of Excess Capital                                  0
Man Financial - Excess Capital return                          0
Membership and Clearing Deposits                               0
Other Receivables                                          1,000
                                                   -------------
TOTAL RECEIPTS                                           11,000

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

DISBURSEMENTS
Operating expenses & other disbursements                (134,000)
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                                       0
                                                   -------------
TOTAL DISBURSEMENTS                                   ($134,000)
                                                   -------------
Ending Balance, July 31, 2009                        $49,025,000
                                                   =============

                         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)


REUNION INDUSTRIES: Posts $263,000 Net Loss for June 2009
---------------------------------------------------------
Reunion Industries, Inc., filed with the United States Bankruptcy
Court for the District of Connecticut, Bridgeport Division, its
Monthly Operating Report for June 2009.

Reunion Industries booked net sales of $1,053,000 for June 2009.
Reunion Industries posted a net loss of $263,000 for the period.

Reunion Industries ended June with $2,144,227 in cash.

Reunion Industries had $19,123,000 in total assets and $10,250,000
in total liabilities.

A full-text copy of the Monthly Operating Report is available at
no charge at http://ResearchArchives.com/t/s?45ed

During the second quarter of 2009, the Company acquired 74,900
shares of its common stock in open market transactions.  The
average cost per share acquired was $0.22.

Reunion Industries filed for Chapter 11 protection on November 26,
2007 (Bankr. D. Conn. Case No. 07-50727).  Two Reunion Industries
stockholders, Charles E. Bradley, Sr. Family Limited Partnership,
and John Grier Poole Family Limited Partnership filed separate
Chapter 11 petitions on the same day (Bankr. D. Conn. Case Nos.
07-50725 and 07-50726).  Carol A. Felicetta, Esq., David M. S.
Shaiken, Esq., Eric A. Henzy, Esq., at Reid and Riege, P.C.; and
Derek M. Johnson, Esq., at Ruben, Johnson and Morgan, represent
Reunion Industries as counsel.

As reported in the Troubled Company Reporter on April 11, 2009, as
of February 28, 2009, the Debtor had $21,930,000 in total assets,
$12,031,000 in total liabilities, and $9,899,000 in total
stockholders' equity.


SHARPER IMAGE: Ends August 2009 With $6,177,149 Cash
----------------------------------------------------
TSIC, Inc., formerly known as The Sharper Image Corporation, filed
its monthly operating report for August 2009.

TSIC ended August with $6,177,149 cash.  TSIC paid $115,031 in
bankruptcy professional fees and reimbursed $32,309 in
professionals' expenses.

TSIC posted net profit of $362,695 during the period.  As of
August 31, 2009, TSIC had $10,616,915 in total assets and
$101,114,298 in total liabilities.

A full-text copy of the Monthly Operating Report is available at
no charge at http://ResearchArchives.com/t/s?4617

                      About The Sharper Image

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

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

An official committee of unsecured creditors has been appointed in
the case.  Cooley Godward Kronish LLP is the Committee's lead
bankruptcy counsel.  Whiteford Taylor Preston LLC is the
Committee's Delaware counsel.

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

Sharper Image sought and obtained the Court's approval to change
its name to "TSIC, Inc." in relation to an Asset Purchase
Agreement by the Debtor with Gordon Brothers Retail Partners, LLC,
GB Brands, LLC, Hilco Merchant Resources, LLC, and Hilco Consumer
Capital, LLC.


SILICON GRAPHICS: Ends August 2009 With $3,805,523 Cash
-------------------------------------------------------
Graphics Properties Holdings, Inc., f/k/a Silicon Graphics, Inc.,
and certain other debtor-in-possession subsidiaries of the Company
have filed unaudited unconsolidated Monthly Operating Reports for
the period from August 1 to 31, 2009, with the United States
Bankruptcy Court for the Southern District of New York.

The Debtors ended the period with $3,805,523 in cash, on $0 cash
sales and $0 total receipts, and $972,080 in total disbursements.

A full-text copy of the Operating Report is available at no charge
at http://ResearchArchives.com/t/s?4613

                      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.


SMURFIT-STONE: Racks Up $25.6 Million August Profit
---------------------------------------------------
Smurfit-Stone Container Corp. generated $25.6 million in net
income on sales of $449 million in August. Since inception of the
case in January, the cumulative net income is $59.9 million on
revenue of $3.32 billion. Over the first eight months, net income
was depressed by $104 million in reorganization items.

Smurfit-Stone Container Corp. -- http://www.smurfit-stone.com/--
is one of the leading integrated manufacturers of paperboard and
paper-based packaging in North America and one of the world's
largest paper recyclers.  The Company operates 162 manufacturing
facilities that are primarily located in the United States and
Canada.  The Company also owns roughly one million acres of
timberland in Canada and operates wood harvesting facilities in
Canada and the United States.  The Company employs roughly
21,250 employees, 17,400 of which are based in the United States.
For the quarterly period ended September 30, 2008, the Company
reported roughly $7.450 billion in total assets and
$5.582 billion in total liabilities on a consolidated basis.

Smurfit-Stone and its U.S. and Canadian subsidiaries filed for
Chapter 11 protection on January 26, 2009 (Bankr. D. Del. Lead
Case No. 09-10235).  Certain of the company's affiliates,
including Smurfit-Stone Container Canada Inc., a wholly owned
subsidiary of SSCE, and certain of its affiliates, filed to
reorganize under the Companies' Creditors Arrangement Act in the
Ontario Superior Court of Justice in Canada.

Smurfit-Stone joined pulp- and paper-related bankruptcies as
rising Internet use hurts magazines and newspapers.  Corporacion
Durango SAB, Mexico's largest papermaker, sought U.S. bankruptcy
in October.  Quebecor World Inc., a magazine printer and Pope &
Talbot Inc., a pulp-mill operator, also sought cross-border
bankruptcies for their operations in the U.S. and Canada.

James F. Conlan, Esq., Matthew A. Clemente, Esq., Dennis M.
Twomey, Esq., and Bojan Guzina, Esq., at Sidley Austin LLP, in
Chicago, Illinois; and Robert S. Brady, Esq., and Edmon L. Morton,
Esq., at Young Conaway Stargatt & Taylor in Wilmington, Delaware,
serve as the Debtors' bankruptcy counsel.  PricewaterhouseCooper
LLC, serves as the Debtors' financial and investment consultants.
Lazard Freres & Co. LLC acts as the Debtors' investment bankers.
Epiq Bankruptcy Solutions LLC acts as the Debtors' notice and
claims agent.

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


SPANSION INC: Incurs $12.3 Million Loss for Month Ended May 24
--------------------------------------------------------------
Spansion LLC Executive Vice President and Chief Financial Officer
Randy Furr filed on Sept. 21, 2009, Spansion LLC's monthly
operating report for April 2009.  Spansion LLC is the principal
operating company of the Debtors.  It is the parent company of
Spansion International, Inc. and all other foreign Spansion
entities.

According to Mr. Furr, Spansion LLC has employees, and
conducts businesses that generate revenue.  It files its own
payroll tax returns, and it is included in Spansion Inc.'s
federal consolidated and California worldwide unitary tax
returns.

Mr. Furr further notes that Spansion LLC recognizes the operating
results of its wholly owned subsidiaries worldwide based on the
equity method of accounting.  However, since one of its
subsidiaries, Spansion Japan Limited, filed a proceeding under
the Corporate Reorganization Law (Kaisha Kosei Ho) of Japan on
February 10, 2009, which was formally commenced on March 3,
Spansion LLC no longer "controls" SPJ.  SPJ's results are no
longer consolidated in Spansion Inc.'s consolidated financial
results effective March 2009, and have never been reflected in
Spansion LLC's monthly Operating Reports.

                          Spansion LLC.
                          Balance Sheet
                       As of May 24, 2009

ASSETS
Unrestricted Cash & Cash Equivalents             $166,108,185
Restricted Cash & Cash Equivalents                  6,793,571
Accounts Receivable (net)                          89,637,491
Notes Receivable                                            0
Inventories                                       117,983,299
Prepaid Expenses                                   15,545,589
Professional Retainers                              6,163,150
Intercompany Receivables                          366,252,061
Other Current Assets                               18,016,372
                                                --------------
Total current assets                               786,499,718

Property and Equipment                                       0
Real Property & Improvements                       13,078,518
Machinery and Equipment                         2,338,055,366
Furniture, fixtures & Office Equipment                      0
Leasehold Improvements                            741,096,140
Vehicles                                                    0
Less Accumulated Depreciation                  (2,767,231,082)
                                                --------------
Total Property and Equipment                      324,998,942
OTHER ASSETS
Loans to Insiders                                           0
Intercompany Investments                          203,378,732
Other Assets                                      172,568,651
                                                --------------
Total Other Assets                                 375,947,383
                                                --------------
Total Assets                                    $1,487,446,043
                                                ==============

LIABILITIES AND OWNER EQUITY

Liabilities Not Subject to Compromise (Postpetition)
Accounts Payable                                 ($23,648,908)
Taxes Payable                                      (3,206,080)
Wages Payable                                      (3,111,214)
Secured Debt                                      (79,490,441)
Accrued Expense                                   (10,308,409)
Deferred Income                                   (33,700,120)
Intercompany                                     (121,248,863)
Other Postpetition Liabilities                       (395,218)
                                                --------------
Total Postpetition Liabilities                    (275,109,253)

Liabilities Subject to Compromise Prepetition
Secured Debt                                     (676,082,505)
Priority Debt                                     (27,338,785)
Unsecured Debt                                   (656,944,507)
Intercompany                                     (284,217,984)
                                                --------------
Total Prepetition Liabilities                  (1,644,583,781)
                                                --------------
Total Liabilities                               (1,919,693,034)

OWNER EQUITY
Intercompany Common Stock                      (2,289,379,270)
Additional Paid-in Capital                       (124,015,097)
Partners' Capital Account                                   0
Owner's Equity Account                                      0
Retained Earnings-Prepetition                   2,878,310,157
Retained Earnings-Postpetition                    (32,668,798)
                                                --------------
Net Owner Equity                                  432,246,991
                                                --------------
Total Liabilities and Owner Equity             ($1,487,446,043)
                                                ==============

                         Spansion LLC
                   Statement of Operations
           For the From April 27, 2009 To May 24, 2009

REVENUES
Gross Revenues                                   $119,557,260
Less: Changes in reserves                            (282,415)
                                                --------------
Net Revenue                                       119,274,845

Cost of Goods Sold
Manufacturing expense                              39,753,808
Disty/OEM cost adjustment                          (2,832,688)
Intercompany purchase                              37,685,500
Foreign currency gain/loss                          1,279,411
Inventory change                                   30,407,279
                                                --------------
Total Cost of Goods Sold                          106,293,310
                                                --------------
Gross Profit                                       12,981,535

Operating Expenses
Building expense                                    1,785,230
Labor and benefits                                  7,025,725
Freight                                                58,489
Marketing and communications                          149,093
Material                                              371,300
Outside Services                                    3,504,751
Repairs and Maintenance                               215,137
Telecom and Software                                1,228,680
Travel                                                226,282
Other                                               1,327,781
Total Operating Expense Before Depreciation        15,892,466
Depreciation/Depletion/Amortization                 2,423,586
                                                --------------
Net Profit (loss) Before Income & Expenses          (5,334,518)

OTHER INCOME AND EXPENSES
Other Expense (Income), net                         3,467,485
Interest Expense                                    1,688,574
Other Expense                                               0
                                                --------------
Net Profit(loss)Before Reorganization Items       (10,490,577)

Reorganization Items
Professional Fees                                   1,802,055
Interest Earned on Accumulated Cash From Chapter 11    19,182
                                                --------------
Total Reorganization Items                           1,821,237
Income Taxes                                           10,944
                                                --------------
Net Profit(loss)                                  ($12,322,758)
                                                ==============

                         Spansion LLC
         Schedule of Cash Receipts and Disbursement
       For the Period From April 27, 2009 to May 24, 2009

Cash Beginning of Month                           $115,930,597
Receipts
Customer Receipts                                 107,131,122
Intercompany Transfer                               5,647,030
Other Receipts                                        198,536
                                                --------------
Total Receipts                                    112,976,688
Disbursements
Buildings                                           3,643,420
Foundry & Subcon                                    4,942,137
Intercompany Disbursements                          2,988,210
Labor & Benefits                                   13,531,094
Material                                           13,166,598
Other                                               1,991,003
Outside Services                                    2,036,451
Repair & Maintenance                                1,546,741
Capital Expenditures                                  151,714
Debt Obligations & Capital Leases                   1,552,095
Taxes                                                  85,819
Facility Closure Costs                                      0
Restructuring Professional Fees                       343,217
Intercompany Transfers(debtor entities)             1,085,673
Intercompany Transfers(non-debtor entities)        15,734,928
                                                --------------
Total Disbursements                                62,799,100
Net Cash Inflow/(Outflow)                           50,177,588
                                                --------------
Cash End of Month                                 $166,108,185
                                                ==============

                       About Spansion Inc.

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

Spansion Inc., Spansion LLC, Spansion Technology LLC, Spansion
International, Inc., and Cerium Laboratories LLC filed voluntary
petitions for Chapter 11 on March 1, 2009 (Bankr. D. Del. Lead
Case No. 09-10690).  On February 9, 2009, Spansion's Japanese
subsidiary, Spansion Japan Ltd., voluntarily entered into a
proceeding under the Corporate Reorganization Law (Kaisha Kosei
Ho) of Japan to obtain protection from its creditors as part of
the company's restructuring efforts. None of Spansion's
subsidiaries in countries other than the United States and Japan
are included in the U.S. or Japan filings.  Michael S. Lurey,
Esq., Gregory O. Lunt, Esq., and Kimberly A. Posin, Esq., at
Latham & Watkins LLP, have been tapped as bankruptcy counsel.
Michael R. Lastowski, Esq., at Duane Morris LLP, is the Delaware
counsel.  Epiq Bankruptcy Solutions LLC, is the claims agent.
The United States Trustee has appointed an official committee of
unsecured creditors in the case.  As of September 30, 2008,
Spansion disclosed total assets of US$3,840,000,000, and total
debts of US$2,398,000,000.

Spansion Japan Ltd. filed a Chapter 15 petition on April 30, 2009
(Bankr. D. Del. Case No. 09-11480).  The Chapter 15 Petitioner's
counsel is Gregory Alan Taylor, Esq., at Ashby & Geddes.  It said
that Spansion Japan had US$10 million to US$50 million in assets
and US$50 million to US$100 million in debts.

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


THORNBURG MORTGAGE: Files August 2009 Operating Report
------------------------------------------------------
TMST, Inc., formerly known as Thornburg Mortgage, Inc., on
September 29, 2009, filed on behalf of the Debtors, except for
ADFITECH Inc., an amended report covering the period from August 1
to 31, 2009.

On September 23, 2009, ADFITECH filed a report covering the period
from August 1 through 31, 2009.

TMST et al. ended August with $24,039,629 cash.  TMST et al.
posted a net loss of $401,493 for the month.  At August 31, 2009,
TMST et al. had $157,354,907 in total assets and $3,468,754,806 in
total liabilities.

A full-text copy of the Amended Monthly Operating Report of TMST,
Inc., and certain subsidiaries, for the period August 1 through
and including August 31, 2009, is available at no charge at:

               http://ResearchArchives.com/t/s?461c

ADFITECH ended August with $10,077,933 cash.  ADFITECH posted a
net loss of $855,791 for the month.  At August 31, 2009, ADFITECH
had $30,017,132 in total assets and $1,639,690,112 in total
liabilities.

A full-text copy of the Monthly Operating Report of ADFITECH, Inc.
for the period August 1 through and including August 31, 2009, is
available at no charge at http://ResearchArchives.com/t/s?461d

                     About Thornburg Mortgage

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: Incurs $19.4 Million Net Loss for August
---------------------------------------------------

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

                             ASSETS
Cash and Cash Equivalents:
  Cash in bank                                     $300,520,707
  Cash equivalents (due from title company
     from closings)                                   5,537,365
Inventory:
  Deposits                                           11,262,492
  Land                                              139,547,639
  Residences completed and under construction       127,451,214
  Inventory not owned                                 6,286,449
                                                ---------------
                                                    284,547,794
Property and equipment, net                           5,276,627
Investments in unconsolidated joint ventures          2,781,462
Receivables from unconsolidated joint ventures                -
Accounts receivable                                  17,432,568
Other assets                                         40,069,856
Goodwill                                                      -
                                                ---------------
                                                    656,166,379

Net Assets of Financial Services                     17,808,985
                                                ---------------
Total Assets                                       $673,975,364
                                                ===============

               LIABILITIES & STOCKHOLDERS' EQUITY

Accounts payable and other liabilities             $304,953,405
Customer deposits                                     5,239,781
Obligations for inventory not owned                   8,346,605
Notes payable                                     1,609,795,912
Bank borrowings                                     201,090,078
                                               ---------------
Total Liabilities                                 2,129,425,781

Stockholders' Equity:
  Preferred stock                                    21,413,076
  Common stock                                          596,042
  Additional paid in capital                        556,628,484
  Retained earnings                              (2,034,088,019)
                                                ---------------
Total Stockholders' Equity                       (1,455,450,417)
                                                ---------------
Total liabilities and Stockholders' Equity         $673,975,364
                                                ===============

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

Revenues:
  Home sales                                        $31,905,145
  Land sales                                          2,306,891
                                                ---------------
                                                     34,212,036

Cost of Sales:
  Home sales                                         29,286,821
  Land sales                                          2,192,717
                                                ---------------
                                                     31,479,538
                                                ---------------
Gross Profit                                          2,732,498

Total selling, general and admin expenses            15,999,661
Income (loss) from joint ventures, net                        -
Interest expense, net                                 5,845,340
Other (income) expense, net                             109,249
                                                ---------------
Homebuilding pretax income (loss)                   (19,221,752)

Equity in Financial services pretax income (loss)      (190,800)

Income (loss) before income taxes                   (19,412,552)
Provision (benefit) for income taxes                          -
                                                ---------------
Net Income (loss)                                  ($19,412,552)
                                               ===============


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

Funds at beginning of period                       $282,849,729

RECEIPTS
  Cash sales                                         35,263,503
  Accounts receivable                                 2,630,327
  Other receipts                                      7,335,966
                                                ---------------
Total receipts                                       45,229,796
                                                ---------------

Total funds available for operations                328,079,525

DISBURSEMENTS
  Advertising                                           126,176
  Bank charges                                              866
  Contract labor                                         63,704
  Fixed asset payments                                        -
  Insurance                                             453,981
  Inventory payments                                  4,727,168
  Leases                                                147,177
  Manufacturing supplies                                      -
  Office supplies                                        36,556
  Payroll - net                                       3,349,189
  Professional fees (accounting and legal)           12,130,247
  Rent                                                  732,968
  Repairs & maintenance                                 274,189
  Secured creditor payments                           4,349,457
  Taxes paid - payroll                                   71,707
  Taxes paid - sales & use                              198,738
  Taxes paid - other                                     60,418
  Telephone                                             151,153
  Travel & entertainment                                 18,115
  U.S. Trustee quarterly fees                                 -
  Utilities                                              84,397
  Vehicle expenses                                       11,891
  Other operating expenses                              570,721
                                                ---------------
Total disbursements                                  27,558,818
                                                ---------------
Ending Balance                                     $300,520,707
                                                ===============

                         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)


TVI CORP: Posts $666,030 Net Loss for August 2009
-------------------------------------------------
TVI Corporation and its wholly owned subsidiaries on September 21,
2009, filed with the Bankruptcy Court their unaudited monthly
operating reports for the period August 1 to 31, 2009.

The Debtors posted a net loss of $666,030 for the month ended
August 31, 2009.  The Debtors had total assets of $21,162,764 and
total liabilities of $41,121,780, resulting in stockholders'
deficit of $19,959,016.

A full-text copy of TVI Corp.'s Monthly Operating Report is
available at no charge at http://ResearchArchives.com/t/s?45ec

                     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.

The Debtors on August 31, 2009, filed their Plan of Reorganization
pursuant to Chapter 11 of the Bankruptcy Code, which sets forth
the manner in which claims against and equity interests in the
Debtors are to be treated.  The Plan contemplates, among other
things: (i) the sale of Signature Special Event Services, Inc. as
a going concern or the sale of substantially all of Signature's
assets; (ii) the merger of all subsidiaries into the Company,
which shall emerge as the reorganized debtor; and (iii) the
payment in cash to holders of (a) allowed administrative claims,
(b) allowed priority tax claims, (c) allowed priority non-tax
claims, (d) other allowed secured claims, and (e) allowed general
unsecured claims.  The Plan further contemplates distribution of
shares representing an aggregate of 100% of the issued equity
interests in the Company to the Branch Banking & Trust Company on
account of the Lender's secured claim.  The Plan provides for the
extinguishment of all intercompany claims.


TXCO RESOURCES: Posts $5,275,433 Net Loss for July 2009
-------------------------------------------------------
TXCO Resources Inc. and its subsidiaries filed an unaudited
consolidated Monthly Operating Report for the period ended
July 31, 2009, with the United States Bankruptcy Court for the
Western District of Texas.

The Debtors posted a net loss of $5,275,433 for the period on
revenues of $4,121,724.  At July 31, 2009, the Debtors had
$397,359,698 in total assets and $348,880,170 in total
liabilities.

The Debtor paid $761,357 to bankruptcy professionals in July,
consisting of $157,289 to Cox & Smith; $395,333 to Fulbright &
Jaworski; $208,734 to FTI Consulting Inc.

A full-text copy of the Monthly Operating Report is available at
no charge at http://ResearchArchives.com/t/s?43fb

                       About TXCO Resources

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: Files August 2009 Monthly Operating Report
----------------------------------------------------------
VeraSun Energy Corporation and certain of its subsidiaries on
September 30, 2009, filed an unaudited consolidated Monthly
Operating Report for the month ended August 31, 2009, with the
United States Bankruptcy Court for the District of Delaware.

VeraSun Energy posted a net loss of $792,000 for the period.

At August 31, 2009, VeraSun Energy had $77,856,000 in total assets
and $338,572,000 in total liabilities.

The Debtors disclosed $3,287,000 in cash receipts and $16,191,000
in total disbursements.  August disbursements for the VeraSun
Energy Corporation entity reflect payment of $12,500,000 to AgStar
Financial Services, PCA, in full satisfaction and settlement of
the AgStar Litigation.

On December 23, 2008, AgStar filed a complaint against certain
debtors (Adv. No. 08-51897) claiming that certain liens AgStar had
on ethanol produced by the USBio Debtors were not released when
the USBio Debtors transferred that ethanol to VeraSun Marketing,
LLC.  The parties settled the AgStar Litigation pursuant to a
settlement agreement approved by the Bankruptcy Court on
August 10, 2009.  The amount was applied in payment of
intercompany administrative claims owed to certain US BioEnergy
debtors by VeraSun Marketing as allowed under the Bankruptcy
Court's Order Approving Debtors' Motion for Allowance of Certain
Intercompany Administrative Expense Claims.

The Debtors paid $656,000 to bankruptcy professionals in August
and $22,355,000 since filing for bankruptcy.

                                      Amount Paid    Total Paid
   Professional                       During Month   to Date
   ------------                       ------------   ----------
   Akin Gump Strauss Hauer & Feld          $75,000   $2,091,000
   AP Services, LLP                        180,000    7,020,000
   Deloitte & Touche, LLP                       --      233,000
   Deloitte Tax, LLP                            --      704,000
   Greenberg Traurig, LLP                       --       62,000
   Houlihan, Lokey, Howard and Zukin       401,000    1,649,000
   McGladrey & Pullen, LLP                      --    1,001,000
   Rothschild, Inc.                             --      538,000
   Skadden, Arps, Slate, Meagher, & Flom        --    9,057,000

The Debtors received a Delinquency Notice from the Office of the
U.S. Trustee that was processed on August 6, 2009.  The Notice
stated that US BioEnergy Corporation owed an estimated balance of
$5,850.16.  However the Debtors -- upon additional review and
analysis, including discussions with officials from the Trustee's
office -- have concluded that they overstated the "disbursements"
on their June monthly operating report for purposes of calculating
the quarterly fees due to the Trustee.  The Debtors included in
the disbursements certain accounts receivable funds that were
collected and then distributed, pursuant to an asset purchase
agreement, to the entity that recently purchased substantially all
of US BioEnergy Corporation's assets.  The distribution of those
funds was erroneously included as a disbursement, which, in turn,
led to an inflated calculation of the Debtors' quarterly fee due
to the Trustee.  The Debtors are working with the Trustee to
correct this error.  Once it is corrected, the Debtors do not
believe that they will owe any balance to the Trustee.

A full-text copy of the Monthly Operating Report is available at
no charge at http://ResearchArchives.com/t/s?4614

                       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).


VINEYARD NATIONAL: Ends August 2009 with $1,932,549 Cash
--------------------------------------------------------
Vineyard National Bancorp filed its unaudited report for the month
of August 2009 with the Office of the United States Trustee.

The Debtor ended the period with $1,932,549 cash.  The Debtor
recorded a net loss of $246,999 for the month.

As of August 31, 2009, the Debtor had $2,291,245 in total assets
and $181,523,784 in total liabilities.

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

               http://ResearchArchives.com/t/s?4619

                  About Vineyard National Bancorp

Vineyard National Bancorp  (NASDAQ: VNBC) (AMEX: VXC.PR.D) --
http://www.vineyardbank.com-- was the financial holding company,
which provides a variety of lending and depository services to
businesses and individuals through its wholly owned subsidiary,
Vineyard Bank, National Association.

Vineyard Bank was closed July 17 by regulators, which appointed
the Federal Deposit Insurance Corporation as receiver.  To protect
the depositors, the FDIC entered into a purchase and assumption
agreement with California Bank & Trust, San Diego, California, to
assume all of the deposits of Vineyard Bank, N.A., excluding those
from brokers.

As of March 31, 2009, Vineyard Bank, N.A. had total assets of
$1.9 billion and total deposits of approximately $1.6 billion.  In
addition to assuming all of the deposits of the failed bank,
California Bank & Trust agreed to purchase approximately
$1.8 billion of assets.  The FDIC will retain the remaining assets
for later disposition.  California Bank & Trust purchased all
deposits, except about $134 million in brokered deposits, held by
Vineyard Bank, N.A.

Vineyard National Bancorp filed for Chapter 11 on June 21 (Bankr.
C.D. Calif. Case No. 09-26401).



                           *********

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

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
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On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

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

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911.  For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                           *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Danilo Munnoz, Joseph Medel C. Martirez, Denise Marie
Varquez, Philline Reluya, Ronald C. Sy, Joel Anthony G. Lopez,
Cecil R. Villacampa, Sheryl Joy P. Olano, Carlo Fernandez,
Christopher G. Patalinghug, and Peter A. Chapman, Editors.

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

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

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

                  *** End of Transmission ***