TCR_Public/091128.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, November 28, 2009, Vol. 13, No. 329

                            Headlines



ALERIS INT'L: Reports $29 Mil. Net Loss for September
ASYST TECHNOLOGIES: Posts $849,267 Net Loss in October
AURORA OIL: Posts $2,474,423 Net Loss in October
AUTOBACS STRAUSS: Reports $1.25 Million Net Loss for September
AVENTINE RENEWABLE: Reports $$3,397,792 Net Income in October

BANKUNITED FINANCIAL: Posts $305,541 Net Loss in October
CAPMARK FINANCIAL: Initial MOR Shows 13-Week Cash Flow
CHEMTURA CORP: Records $10 Million Loss for October
CIRCUIT CITY: Lost $2.7 Mil. in September
CMR MORTGAGE II: Posts $254,263 Net Loss in October

CRUSADER ENERGY: Reports $355,000 Net Loss in October
FAIRCHILD CORP: Files August 2009 Monthly Operating Report
FAIRPOINT COMMS: Disbursed $8.6 Mil. for Oct. 26-31
GLOBAL MOTORSPORT: Posts $12,194 Net Loss in October
GOTTSCHALKS INC: Earns $374,000 in October

GREEKTOWN HOLDINGS: Records $1.66 Mil. Loss for October
HERCULES CHEMICAL: Reports $167,000 Income in October
ION MEDIA: Reports $2.4 Mil. Loss for October
LANDAMERICA FIN'L: Records $35.9 Mil. Net Loss for September
LANDAMERICA FIN'L: LES Records $955,000 Net Loss for September

MERUELO MADDUX: 845 S Flower Reports $9,344 Net Income in October
MERUELO MADDUX: Posts $2,913,129 Net Loss in October
MUZAK HOLDINGS: Reports $4.2 Million Net Loss for October
NEUMANN HOMES: Has $2 Million Balance at End of October
NORTEL NETWORKS: Posts $127MM Net Loss in August-September Period

PILGRIM'S PRIDE: Records $13 Mil. Net Loss for October
PROPEX INC: Fabrics Estate Has Balance of $3.44MM as of Sept. 30
RATHGIBSON INC: Reports October Net Loss of $4.8 Million
READER'S DIGEST: Reports $16.6 Million October Profit
REFCO INC: Refco LLC Has $47.48 Mil. Balance at Sept. 30

SEMGROUP LP: Records $5.88 Mil. Loss for September
SHARPER IMAGE: Ends October With $5,265,780 Cash
STATION CASINOS: Recorded $2.8 Mil. Net Income for August
STATION CASINOS: Recorded $341.2MM Loss for September
THORNBURG MORTGAGE: Ends October With $24,074,013 Cash

TOUSA INC: Cash Balance Grows to $314 Million at Oct. 31
TRIPLE CROWN: Earns $92,637 in September 14 to October 31 Period
TROPICANA ENT: Adamar of NJ Reports $3.38 Mil. Loss for October
WORLDSPACE INC: Reports $4.2 Million Net Loss for October



                            *********

ALERIS INT'L: Reports $29 Mil. Net Loss for September
-----------------------------------------------------
               Aleris International, Inc., Et Al.
                   Consolidated Balance Sheet
                    As of September 30, 2009

ASSETS
Current Assets:
  Cash and cash equivalents                        $15,910,629
  Accounts receivable, net                         148,059,588
  Intercompany Receivable                           91,512,433
  Net Inventories                                  152,892,620
  Other current assets                              42,417,981
                                                --------------
Total current assets                               450,793,251

Property, plant and equipment, net                 298,996,341
Goodwill & Org. Costs, Net                          79,446,152
Other Intangibles, Net                              58,873,304
Total Long Term Intercompany Receivable             20,432,224
Other Long-Term Assets                           1,532,167,600
                                                --------------
Total L/T Assets                                 1,989,915,621
                                                --------------
Total Assets                                    $2,440,708,872
                                                ==============
LIABILITIES & SHAREHOLDERS' EQUITY

Current Liabilities:
  Accounts payable                                 $60,361,220
  Accrued & Other Current Liabilities               65,403,615
  Toll Liability                                    10,454,665
  Accrued Interest                                   2,339,004
  Total current Interco Payable                     41,621,063
  Current Maturities of L/T Debt                   822,736,128
  Other current liabilities                          3,487,989
                                                --------------
Total current liabilities                        1,006,403,684
Total Long-term debt                                 5,025,308
Intercompany payable                               (75,352,018)
Other long-term liabilities                         45,760,200
                                                --------------
Total Long-term liabilities                        (24,566,510)
Liabilities subject to compromise-external       1,704,283,599
Liabilities subject to compromise-internal         489,755,247
                                                --------------
Total Liabilities Subject to Compromise          2,194,038,846
                                                --------------
Total Liabilities                                3,175,876,020

Additional paid-in Capital                         857,605,230
Retained earnings                               (1,550,013,124)
Total other comprehensive income(loss)             (42,759,254)
Other stockholders' equity                                   0
                                                --------------
Total stockholders' equity                        (735,167,148)
                                                --------------
Total Liabilities and Stockholders' Equity      $2,440,708,872
                                                ==============

              Aleris International, Inc., Et Al.
             Consolidated Statement of Operations
      For the Period From Sept. 1 Through Sept. 30, 2009

Gross Revenue                                     $130,997,000
Total costs of sales                               118,008,000
                                                --------------
Gross profits                                       12,989,000
Selling, general and administrative:
Labor                                                4,041,000
Professional fees                                      327,000
Consulting expense                                     217,000
Depreciation & Amortization                            539,000
Other                                                1,054,000
                                                --------------
Total SG&A Expense                                   6,178,000
Restructuring & Merger-related items                13,175,000
Losses (gains) on Derivatives                       (1,347,000)
                                                --------------
Operating (loss) Income                             (5,017,000)
Net Interest Expense                                18,465,000
Other (Income) and Expense                           4,513,000
Reorganization Items                                 2,018,000
                                                --------------
Income before taxes                                (30,013,000)
Income Tax Expenses                                   (947,000)
                                                --------------
Net (Loss) Income                                 ($29,066,000)
                                                ==============

              Aleris International, Inc., Et Al.
                   Consolidated Schedule of
                Cash Receipts and Disbursements
       For the Period From Sept. 1 Through Sept. 30, 2009

Receipts
Cash Sales                                                  $0
Accounts Receivable                                108,736,560
Affiliates                                                   0
Sale of Assets                                               0
Other                                                  590,275
Transfer (From DIP Accts)                          132,800,000
                                                --------------
Total Receipts                                     242,126,835

Disbursements
Benefits                                             2,716,726
Payroll                                             13,285,117
Primary                                             31,264,782
Recycling/Scrap                                     39,717,762
Hardners                                             4,468,662
Flux                                                 1,252,438
Insurance                                              448,633
MRO                                                  9,067,982
Freight                                              4,248,699
Energy                                               4,644,110
Taxes                                                  490,403
By Product                                             827,561
Capex                                                  285,348
Other accounts payable                               3,214,476
U.S. Trustee Fees                                            0
Chapter 11 professional fees                         4,588,577
Chapter 11 adjustments                                       0
Collateral Returns                                           0
Collateral Disbursements                                     0
Hedge Premiums                                               0
Affiliates                                           2,000,000
Interest & Fees                                      2,869,321
Extraordinaries                                        235,000
Other                                                        0
Transfers (To DIP Accts)                           115,831,033
                                                --------------
Total Disbursements                                241,456,627
                                                --------------
Net Cash Flow                                         $670,207
                                                ==============

                    About Aleris International

Aleris International, Inc., produces and sells aluminum rolled and
extruded products.  Aleris operates primarily through two
reportable business segments: (i) global rolled and extruded
products and (ii) global recycling.  Headquartered in Beachwood,
Ohio, a suburb of Cleveland, the Company operates over 40
production facilities in North America, Europe, South America and
Asia, and employs approximately 8,400 employees.  Aleris operates
27 production facilities in the United States with eight
production facilities that provided rolled and extruded aluminum
products and 19 recycling production plants.

Aleris International, Inc., aka IMCO Recycling Inc., and various
affiliates filed for bankruptcy on February 12, 2009 (Bankr. D.
Del. Case No. 09-10478).  The Hon. Brendan Linehan Shannon
presides over the cases.  Stephen Karotkin, Esq., and Debra A.
Dandeneau, Esq., at Weil, Gotshal & Manges LLP in New York, serve
as lead counsel for the Debtors.  L. Katherine Good, Esq., and
Paul Noble Heath, Esq., at Richards, Layton & Finger, P.A.  In
Wilmington, Delaware, serves as local counsel.  Moelis & Company
LLC, acts as financial advisors; Alvarez & Marsal LLC as
restructuring advisors, and Kurtzman Carson Consultants LLC as
claims and noticing agent for the Debtors.  As of December 31,
2008, the Debtors had total assets of $4,168,700,000; and total
debts of $3,978,699,000.

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


ASYST TECHNOLOGIES: Posts $849,267 Net Loss in October
------------------------------------------------------
Asyst Technologies, Inc., on November 23, 2009, filed with the
United States Bankruptcy Court for the Northern District of
California in Oakland a monthly operating report for the period
ended October 31, 2009.

Asyst posted a net loss of $849,267 for the month of October 2009.
During September 2009, the Company's operations ceased as it
concluded the asset purchase agreements with Murata Machinery,
Ltd., Crossing Automation, Inc., and PEER Intellectual Property,
Inc.

Asyst has incurred a net loss of $48,492,300 since filing for
bankruptcy.

At October 31, 2009, Asyst had $19,143,499 in total assets
against $9,841,357 in total liabilities.

During October, payments of approximately $899,000 were issued
to professionals, all of which related to restructuring
professionals.

A full-text copy of the Company's monthly operating report is
available at no charge at http://researcharchives.com/t/s?4a9e

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

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

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


AURORA OIL: Posts $2,474,423 Net Loss in October
------------------------------------------------
Aurora Oil & Gas Corporation and its subsidiary, Hudson Pipeline &
Processing Co., LLC, filed separate monthly operating reports for
October 2009.

Aurora Oil posted a net loss of $2,474,423 on total revenues of
$1,020,913 for the month of October.

For the one and ten months ended October 31, 2009, roughly
$1.0 million and $6.8 million, respectively was incurred for
restructuring/debt services and bankruptcy legal and consulting
services.  Of the $1.0 million and $6.8 million, $500,000 and
$3.2 million, respectively, was incurred on behalf of the
creditors.

As of October 31, 2009, Aurora Oil had $97,900,552 in total
assets and $146,688,353 in total liabilities.

A full-text copy of Aurora Oil's October operating report is
available at no charge at http://researcharchives.com/t/s?4a99

Hudson Pipeline reported net income of $98,795 on total revenues
of $328,159 in October.  As of October 31, 2009, Hudson Pipeline
had $11,619,955 in total assets against $330,264 in total current
liabilities and $225,761 in long-term liabilities.

A full-text copy of Hudson Pipeline's October operating report
is available at no charge at http://researcharchives.com/t/s?4a9a

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 $1.25 Million Net Loss for September
--------------------------------------------------------------
Bill Rochelle at Bloomberg reports that Autobacs Strauss Inc.
filed an operating report yesterday showing a $1.25 million net
loss in September on sales of $9.3 million.  The loss before
interest, taxes, depreciation and amortization for the month was
$185,000.

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.


AVENTINE RENEWABLE: Reports $$3,397,792 Net Income in October
-------------------------------------------------------------
Aventine Renewable Energy Holdings, Inc. and subsidiaries reported
net income of $3,397,792 on total sales of $43,200,619 for the
month of October 2009.

Operating income was $5,098,260.  The Company incurred interest
expense of $618,393 for the month of October.  Total
reorganization expense was $666,768.  Income tax expense was
$416,688.

A full-text copy of October operating report is available for free
at http://bankrupt.com/misc/aventine.octobermor.pdf

                     About Aventine Renewable

Pekin, Illinois-based Aventine Renewable Energy Holdings, Inc.
(Pink Sheets: AVRNQ) -- http://www.aventinerei.com/-- is a
producer and marketer of ethanol to many leading energy companies
in the United States.  In addition to ethanol, Aventine also
produces distillers grains, corn gluten meal, corn gluten feed,
corn germ and brewers' yeast.

The Company and all of its direct and indirect subsidiaries filed
for Chapter 11 on April 7, 2009 (Bankr. D. Del. Lead Case No.
09-11214).  Joel A. Waite, Esq., and Ryan M. Bartley, Esq., at
Young, Conaway, Stargatt & Taylor, serves as bankruptcy counsel to
the Debtors.  Davis Polk & Wardwell is special tax counsel and
Houlihan, Lokey, Howard & Zukin, Inc., is the financial advisor.
Garden City Group, Inc., has been engaged as claims agent.  Donald
J. Detweiler, Esq., at Greenberg Traurig, LLP, serves as counsel
to the official committee of unsecured creditors.  When it filed
for bankruptcy protection from its creditors, Aventine Renewable
listed between $100 million and $500 million each in assets and
debts.


BANKUNITED FINANCIAL: Posts $305,541 Net Loss in October
--------------------------------------------------------
On November 19, 2009, BankUnited Financial Corporation filed its
monthly operating report for the period from October 1, 2009,
through October 31, 2009, with the United States Bankruptcy Court
for the Southern District of Florida.

Funds at October 31, 2009, were $17,155,523.

BankUnited Financial Corporation, et al., reported a net loss of
$305,541 for the period.  At October 31, 2009, BankUnited
Financial Corporation, et al., had $46,690,089 in total assets and
$576,827,103 in total liabilities.

The October monthly operating report is available at no charge at:

              http://researcharchives.com/t/s?4aa1

                    About BankUnited Financial

BankUnited Financial Corp. (Other OTC Ticker Symbol: BKUNQ) --
http://www.bankunited.com/-- was the holding company for
BankUnited FSB, the largest banking institution headquartered in
Coral Gables, Florida.  On May 21, 2009, BankUnited FSB was closed
by regulators and the Federal Deposit Insurance Corporation
facilitated a sale of the bank to a management team headed by John
Kanas, a veteran of the banking industry and former head of North
Fork Bank, and a group of investors led by W.L. Ross & Co.
BankUnited, FSB, had assets of $12.8 billion and deposits of
$8.6 billion as of May 2, 2009.

The Company and its affiliates filed for Chapter 11 on May 22,
2009 (Bankr. S.D. Fla. Lead Case No. 09-19940).  Stephen P.
Drobny, Esq., and Peter Levitt, Esq., at Shutts & Bowen LLP; Mark
D. Bloom, Esq., and Scott M. Grossman, Esq., at Greenberg Traurig,
LLP; and Michael C. Sontag, at Camner, Lipsitz, P.A., represent
the Debtors as counsel.  Corali Lopez-Castro, Esq., David Samole,
Esq., at Kozyak Tropin & Throckmorton, P.A.; and Todd C. Meyers,
Esq., at Kilpatrick Stockton LLP, serve as counsel to the official
committee of unsecured creditors.

In its bankruptcy petition, BankUnited Financial Corp. said it has
assets of $37,729,520 against debts of $559,740,185.


CAPMARK FINANCIAL: Initial MOR Shows 13-Week Cash Flow
------------------------------------------------------
Capmark Financial Group Inc., and its debtor affiliates delivered
to the Court their initial monthly operating report on
November 9, 2009.  The Initial Report contains a 13-week cash
flow forecast and certificates of insurance.

             Capmark Financial Group Inc., et. al.,
               Total 13-Week Cash Flow Forecast
      For the Period Nov. 2, 2009, Through January 25, 2010

Net Operating Cash Flow                            ($16,500,000)
Restructuring Professional Fees                     (20,000,000)
NA Lending & Mortgage Banking
  HUD - Funding                                     (83,100,000)
  HUD - Sales                                        77,400,000
  Misc.                                               1,300,000
                                                  -------------
Total                                                (4,400,000)

Affordable
  LIHTC-Advances/Equity/Installments                (12,200,000)
  Affordable Sales & Maturities                       3,300,000
                                                  -------------
Total                                                (8,900,000)

Servicing
  Servicing Advances, Net of Repayments            (125,000,000)
                                                  -------------
Total                                              (125,000,000)

Asset Proceeds and Other
  Sale of NA Servicing & Mortgage Banking           593,200,000
  Capital Contribution to Bank                     (400,000,000)
                                                  -------------
Total                                               193,200,000
                                                  -------------
Net Cash Flow                                        18,400,000

Beginning Cash                                      530,000,000
  Net Cash Flow                                      18,400,000
                                                  -------------
Ending Cash                                        $548,400,000
                                                  =============

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

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

                      About Capmark Financial

Based in Horsham, Pennsylvania, Capmark Financial Group Inc. --
http://www.capmark.com/-- is a diversified company that provides
a broad range of financial services to investors in commercial
real estate-related assets.  Capmark has three core businesses:
lending and mortgage banking, investments and funds management,
and servicing.  Capmark operates in North America, Europe and
Asia.  Capmark has 1,000 employees located in 37 offices
worldwide.

On October 25, 2009, Capmark Financial Group Inc. and certain of
its subsidiaries filed voluntary petitions for relief under
Chapter 11 (Bankr. D. Del. Case No. 09-13684)

Capmark's financial advisors are Lazard Fr? res & Co. LLC and
Loughlin Meghji + Company. Capmark's bankruptcy counsel is Dewey &
LeBoeuf LLP.  Richards, Layton & Finger, P.A. serves as local
counsel.  Beekman Advisors, Inc., is serving as strategic advisor.
KPMG LLP is tax and accounting advisor.  Epiq Bankruptcy
Solutions, LLC is the claims and notice agent.

Capmark has total assets of US$20 billion against total debts of
US$21 billion as of June 30, 2009.

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


CHEMTURA CORP: Records $10 Million Loss for October
---------------------------------------------------
                 Chemtura Corporation, Et Al.
         Condensed Combined Balance Sheets (Unaudited)
                     As of October 30, 2009

                           Assets

Current Assets                                    $659,000,000
Intercompany receivables                           498,000,000
Investment in subsidiaries                       2,031,000,000
Property, plan and equipment                       430,000,000
Goodwill                                           149,000,000
Other assets                                       412,000,000
                                                 --------------
Total assets                                     4,179,000,000

              Liabilities and Stockholders' Equity

Current liabilities                                431,000,000
Intercompany payables                               56,000,000
Other long-term liabilities                         70,000,000
                                                 --------------
Total liabilities
not subject to compromise                          557,000,000

Liabilities subject to compromise                3,265,000,000

Total stockholders' equity                         357,000,000
                                                 --------------
Total liabilities
and stockholders' equity                        $4,179,000,000
                                                 ==============

                 Chemtura Corporation, et al.
     Condensed Combined Statement of Operations (Unaudited)
           For the Period from October 1 to 31, 2009

Net sales                                         $150,000,000

Cost of goods sold                                 118,000,000
Selling, general and
administrative expenses                             17,000,000
Depreciation and amortization                        9,000,000
Research and development                             2,000,000
                                                 --------------
Operating profit                                     4,000,000

Interest expense                                    (6,000,000)
Other income (expense)                             (11,000,000)
Reorganization items, net                           (5,000,000)
Equity in net earnings (loss)
of subsidiaries                                      8,000,000
                                                 --------------
Income (loss) before income taxes                  (10,000,000)
Income tax benefit                                           -
                                                 --------------
Net income (loss)                                 ($10,000,000)
                                                 ==============

                  Chemtura Corporation, et al.
      Condensed Combined Statement of Cash Flows (Unaudited)
           For the Period from October 1 to 31, 2009

Cash Flows from Operating Activities:
Net income (loss)                                 ($10,000,000)
Adjustments to reconcile
net loss to net cash used
in operating activities:
Depreciation and amortization                        9,000,000
Reorganization items, net                                    -
Changes in assets and debts, net                             -
                                                 --------------
Net cash provided in
operating activities                                (1,000,000)
                                                 --------------

Cash flows from Investing Activities:
Capital expenditures                                (3,000,000)
                                                 --------------

Cash Flows from Financing Activities:
Proceeds from credit facility, net                  13,000,000
                                                 --------------

Cash and Cash Equivalents:
Change in cash and cash equivalents                  9,000,000
Cash and cash equivalents, beg.                     77,000,000
                                                 --------------
Cash and cash equivalents, end                      $86,000,000
                                                 ==============

             Chemtura Stock Gained on Nov. 18 Trading

In other news, The Connecticut Post reported on November 18,
2009, that Chemtura Corp. shares rose 11 cents to close at 80
cents despite stocks of other companies in the Connecticut area
going down.

                      About Chemtura Corp.

Based in Middlebury, Connecticut, Chemtura Corporation (CEM) --
http://www.chemtura.com/-- with 2008 sales of $3.5 billion, is a
global manufacturer and marketer of specialty chemicals, crop
protection products, and pool, spa and home care products.

Chemtura Corporation and 26 of its U.S. affiliates filed voluntary
petitions for relief under Chapter 11 on March 18, 2009 (Bankr.
S.D.N.Y. Case No. 09-11233).  M. Natasha Labovitz, Esq., at
Kirkland & Ellis LLP, in New York, serves as bankruptcy counsel.
Wolfblock LLP serves as the Debtors' special counsel.  The
Debtors' auditors and accountant are KPMG LLP; their investment
bankers are Lazard Freres & Co.; their strategic communications
advisors are Joele Frank, Wilkinson Brimmer Katcher; their
business advisors are Alvarez & Marsal LLC and Ray Dombrowski
serves as their chief restructuring officer; and their claims and
noticing agent is Kurtzman Carson Consultants LLC.

As of December 31, 2008, the Debtors had total assets of
$3.06 billion and total debts of $1.02 billion.

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


CIRCUIT CITY: Lost $2.7 Mil. in September
-----------------------------------------
               Circuit City Stores, Inc., et al.
                         Balance Sheet
                    As of September 30, 2009

                             ASSETS

Current Assets
Cash and cash equivalents                        $289,452,000
Restricted cash                                    14,677,000
Short-term investments                              1,023,000
Accounts receivable, net                          451,375,000
Income tax receivable                              75,172,000
Prepaid expenses and other current assets           6,490,000
Intercompany receivables and investments           85,035,000
   in subsidiaries
                                                --------------
Total Current Assets                               923,224,000

Property and Equipment                              21,778,000
Accumulated depreciation                            (7,766,000)
                                                --------------
Net Property and Equipment                         14,012,000

Other Assets                                        12,642,000
                                                --------------
TOTAL ASSETS                                      $949,878,000
                                                ==============

              LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
Merchandise payable                              $207,728,000
Expenses payable                                   19,995,000
Accrued expenses and other current                 32,056,000
   liabilities
Intercompany payables                                 607,000
                                                --------------
Total Current Liabilities                          260,386,000

Deferred income taxes                                7,084,000
Other Liabilities                                            0
                                                --------------
Liabilities Not Subject to Compromise              267,470,000

Liabilities Subject to Compromise                1,427,119,000
                                                --------------
Total Liabilities                                1,694,589,000

Stockholders' Equity
Common stock                                      435,612,000
Additional paid-in capital                        304,915,000
Retained deficit                               (1,457,579,000)
Accumulated other comprehensive income            (27,659,000)
                                                --------------
Total Stockholders' Equity                        (744,711,000)
                                                --------------
Total Liabilities & Shareholders' Deficit         $949,878,000
                                                ==============

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

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

Selling, general and administrative expenses          (261,000)
(net gain)
Asset impairment charges                                     0
                                                --------------
Operating loss                                         261,000

Interest income                                              0
Interest expense                                             0
                                                --------------
Loss before reorganization items, GAAP                 261,000
reversals and income taxes

Net loss from reorganization items                  (3,008,000)
Net gain from GAAP reversals                                 -
Income tax expense                                      (4,000)
                                                --------------
NET LOSS                                           ($2,751,000)
                                                ==============

                        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.

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


CMR MORTGAGE II: Posts $254,263 Net Loss in October
---------------------------------------------------
CMR Mortgage Fund II, LLC, filed with the U.S. Bankruptcy Court
for the Northern District of California on November 20, 2009, its
monthly operating report for the month ended October 31, 2009.

The Company reported a net loss of $254,263 on total revenues of
$76,921 for the month of October 2009.

At October 31, 2009, the Debtor had total assets of $71,424,349,
total liabilities of $36,499,775 and total equity of $34,924,574.

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

              http://researcharchives.com/t/s?4a95

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 and CMR Mortgage Fund III, LLC filed for Chapter 11
protection on March 31, 2009 (Bankr. N. D. Calif. Case No.
09-30788 and 09-30802).  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.


CRUSADER ENERGY: Reports $355,000 Net Loss in October
-----------------------------------------------------
Bill Rochelle at Bloomberg reports that Crusader Energy Group
Inc. reported a $355,000 net loss in October on revenue of
$5.2 million.  Gross profit in the month was $4.1 million.

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

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

Beth Lloyd, Esq., Richard H. London, Esq., and William Louis
Wallander, Esq., at Vinson & Elkins, L.L.P., represent the
Debtors as counsel.  Jefferies & Company, Inc. acts as financial
adviser to Crusader in its Chapter 11 reorganization.  BMC Group
Inc. is claims and notice agent.  Holland N. Oneil, Esq., Michael
S. Haynes, Esq., and Richard McCoy Roberson, Esq., at Gardere,
Wynne & Sewell, represent the official committee of unsecured
creditors as counsel.


FAIRCHILD CORP: Files August 2009 Monthly Operating Report
----------------------------------------------------------
On November 20, 2009, Fairchild Corporation filed its monthly
operating reports for the filing period ended August 31, 2009,
with the U.S. Bankruptcy Court for the District of Delaware.

At August 31, 2009, Fairchild Corporation, et al., including non-
bankruptcy entities, had $200,126,829 in total assets,
$114,273,135 in total liabilities, and $85,853,694 in total
stockholders' equity.

A full-text copy of Fairchild Corporation, et al.'s operating
report is available for free at:

       http://bankrupt.com/misc/fairchildcorp.augustmor.pdf

                    About Fairchild Corporation

Based in McLean, Virginia, The Fairchild Corporation
(OTC: FCHD.PK) -- http://www.fairchild.com/-- operated in two
distinct divisions, Fairchild Sports and Banner Aerospace Holding
Company I, Inc.  In addition to these two operating divisions,
Fairchild owned several parcels of real estate in Farmingdale, New
York, which it had been in the process of selling or developing.

Currently, the Debtors' operations are mainly centered on
Fairchild Sports, which is a division of the Debtors that
concentrate primarily on protective apparel, helmets and technical
accessories for motorcyclists.  Additionally, Fairchild continues
to own several substantial parcels of real estate in Farmingdale,
New York, and a number of unrelated investments.

Fairchild and 60 of its affiliates filed for Chapter 11 protection
on March 18, 2009 (Bankr. D. Del Lead Case No. 09-10899).  Steven
J. Reisman, Esq., Timothy A. Barnes, Esq., and Veronique A.
Hodeau, Esq., at Curtis, Mallet-Prevost, Cold & Mosle LLP, are
bankruptcy counsel to the Debtors.  Jason M. Madron, Esq., Michael
J. Merchant, Esq., and Mark D. Collins, Esq., at Richards, Layton
& Finger, P.A., serve as the Debtors' co-counsel.  On April 6,
2009, Roberta A. DeAngelis, the Acting U.S. Trustee for Region 3,
appointed three creditors to serve on the official committee of
unsecured creditors of the Debtors.


FAIRPOINT COMMS: Disbursed $8.6 Mil. for Oct. 26-31
---------------------------------------------------
In lieu of a partial monthly report under the U.S. Trustee
operating guidelines, the Debtors filed with the Court on
November 20, 2009, a summary of disbursements they made for the
period October 26 to 31, 2009.

During the reporting period, the Debtors disbursed an aggregate
of $8,567,601, a breakdown of which is available for free at:

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

                  About FairPoint Communications

FairPoint Communications, Inc. (NYSE: FRP) --
http://www.fairpoint.com/-- is an industry leading provider of
communications services to communities across the country.
FairPoint owns and operates local exchange companies in 18 states
offering advanced communications with a personal touch, including
local and long distance voice, data, Internet, television and
broadband services.  FairPoint is traded on the New York Stock
Exchange under the symbols FRP and FRP.BC.

Fairpoint and its affiliates filed for Chapter 11 on October 26,
2009 (Bankr. D. Del. Case No. 09-16335).

Rothschild Inc. is acting as financial advisor for the Company;
AlixPartners, LLP as the restructuring advisor; and Paul,
Hastings, Janofsky & Walker LLP is the Company's counsel.  BMC
Group is claims and notice agent.

As of June 30, 2009, Fairpoint reported $3.24 billion in total
assets, $321.41 million in total current liabilities,
$2.91 billion in total long-term liabilities, and $1.23 million in
total stockholders' equity.

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


GLOBAL MOTORSPORT: Posts $12,194 Net Loss in October
----------------------------------------------------
On November 13, 2009, Global Motorsport Group Inc. filed its
monthly operating reports for the months ended October 31,
September 30, and August 31, 2009, with the U.S. Bankruptcy Court
for the District of Delaware.

Global Motorsport reported a net loss of $12,194 for the month of
October 2009.  At October 31, 2009, the Company had total assets
of $733,660 and total liabilities of $134,564,305.

The Company reported a net loss of $12,825 for the month of
September 2009, and a net loss of $62,870 for the month of August
2009.

Full-text copies of Global Motorsport's monthly operating reports
are available at no charge at:

    http://bankrupt.com/misc/globalmotorsport.octobermor.pdf
    http://bankrupt.com/misc/globalmotorsport.septembermor.pdf
    http://bankrupt.com/misc/globalmotorsport.augustmor.pdf

                    About Global Motorsport

Headquartered in Morgan Hill, California, Global Motorsport Group
Inc. -- http://www.gmgracing.com/-- is a dealer of European model
sports cars.  The Company is also known as Global Motorsport Parts
Inc.  The Company and three of its affiliates filed for protection
on January 31, 2008 (Bankr. D. Del. Lead Case No. 08-10192).
Laura Davis Jones, Esq., James O'Neill, Esq., and Joshua Fried,
Esq., at Pachulski Stang Ziehl & Jones LLP, serve as counsel to
the Debtors.  T. Scott Avil, Esq., at CRG Partners Group LLC, is
the Debtors' restructuring services provider.  Federico G.M.
Mennella, Esq., at Lincoln International Advisors, LLC, is the
Debtors' investment banker.  The Debtors selected Epiq Bankruptcy
Solution LLC as their claims agent.

The U.S. Trustee for Region 3 has appointed five creditors to
serve on an Official Committee of Unsecured Creditors.  Fox
Rothschild LLP and Andrews Kurth LLP serve as the Committee's
counsel.  Edward T. Gavin, CTP, at NachmanHaysBrownstein, Inc., is
the Committee's financial advisor.  Adam Harris, Esq., and David
Hillman, Esq., at Schulte Roth & Zabel LLP, serve as counsel to
the prepetition and postpetition secured lenders.

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


GOTTSCHALKS INC: Earns $374,000 in October
------------------------------------------
On November 20, 2009, Gottschalks Inc. filed with the U.S.
Bankruptcy Court for the District of Delaware its monthly
operating report for the period October 4, 2009, to October 31,
2009.

The Debtor ended the period with $12,685,000 cash.  During the
period, the Debtor paid $749,200 in professional fees and $16 in
expenses.

The Company reported net income of $374,000 for the period.  At
October 31, 2009, the Company had $43,705,000 in total assets
and $82,019,000 in total liabilities.

The October report is available at no charge at:

                http://researcharchives.com/t/s?4a97

                       About Gottschalks Inc.

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.


GREEKTOWN HOLDINGS: Records $1.66 Mil. Loss for October
-------------------------------------------------------
                    Greektown Holdings, LLC
                         Balance Sheet
                     As of October 31, 2009

Assets
Cash                                                       $0
Inventory
Accounts receivable
Insider Receivables                                 3,442,586

Property and Equipment
Land and buildings                                          0
Furniture, fixtures and equipment                           0

Other Assets
Financing Fees                                              0
Notes receivables from affiliates                 485,816,150
Investments in affiliate                          (38,361,752)
                                                --------------
Total Assets                                      $450,896,984
                                                ==============

Liabilities and Stockholder's Equity
Postpetition liabilities:
Accounts payable                                           $0
Rent and lease payable                                      0
Wages and salaries                                          0
Taxes payable                                               0
Other                                               1,350,000
                                                --------------
Total postpetition liabilities                      1,350,000

Secured liabilities subject to postpetition
collateral or financing order                      171,850,386
All other secured liabilities                      313,965,764
                                                --------------
Total secured liabilities                         485,816,150

Prepetition liabilities:
Taxes and other priority liabilities                        0
Unsecured liabilities                             235,137,765
Discount on bonds                                           0
                                                --------------
Total prepetition liabilities                     235,137,765

Kewadin equity                                     (99,399,607)
Monroe equity                                      (87,697,011)
Owner's capital                                        488,947
Retained earnings prepetition                      116,601,907
Retained earnings postpetition                    (201,401,167)
                                                --------------
Total stockholders' equity                       (271,406,931)
                                                --------------
Total liabilities                                 722,303,915
                                                --------------
Total Liabilities & Shareholders' Deficit         $450,895,984
                                                ==============

                    Greektown Holdings, LLC
                       Income Statement
              For the month ended October 31, 2009

Total revenue/sales                                         $0
Cost of sales                                                0
                                                --------------
Gross profit                                                 0

Operating Expenses
Interest expense                                    1,657,292
Accounting fees - credit                                    0
                                                --------------
Total expenses                                      1,657,292

Net operating profit/(loss)
Add: Non-operating income                                    0
    Interest income                                          0
    Other income                                             0

Less: Non-operating expenses                                 0
                                                --------------
Net Income (Loss)                                  ($1,657,292)
                                                ==============

                    Greektown Holdings, LLC
                      Cash Flow Statement
              For the month ended October 31, 2009

Cash - beginning of month                                   $0

Receipts                                                    0
Balance available                                           0
                                                --------------
Less disbursements                                          0
                                                --------------
Cash - end of month                                         $0
                                                ==============

                      Greektown Casino LLC
                         Balance Sheet
                     As of October 31, 2009

Assets
Cash                                              $25,195,701
Inventory                                             425,670
Accounts receivable                                 4,330,602
Insider Receivables                                         0

Property and Equipment
Land and buildings                                538,963,095
Furniture, fixtures and equipment                  85,205,805
Accumulated depreciation                         (146,625,187)
Other current                                      12,087,780
Other long term                                    11,840,682
                                                --------------
Total Assets                                      $531,424,149
                                                ==============

Liabilities and Stockholder's Equity
Postpetition liabilities:
Accounts payable                                  $14,477,016
Notes payable                                       2,186,040
Rent and lease payable                                      0
Wages and salaries                                  3,683,597
Taxes payable                                         539,176
Other                                                 194,869
                                                --------------
Total postpetition liabilities                     21,080,698

Secured liabilities subject to postpetition
collateral or financing order                      171,850,386
All other secured liabilities                      313,965,764
                                                --------------
Total secured liabilities                         485,816,150

Prepetition liabilities:
Taxes and other priority liabilities                        0
Unsecured liabilities                              59,248,718
Other                                               3,640,336
                                                --------------
Total prepetition liabilities                      62,889,054

Equity                                             47,575,616
Owner's capital                                             0
Retained earnings prepetition                      82,744,007
Retained earnings postpetition                   (168,681,376)
                                                --------------
Total stockholders' equity                        (38,361,753)
                                                --------------
Total liabilities                                 569,785,902
                                                --------------
Total Liabilities & Shareholders' Deficit         $531,424,149
                                                ==============

                      Greektown Casino LLC
                        Income Statement
              For the month ended October 31, 2009

Total revenue/sales                                $31,159,720
Cost of sales                                        3,742,588
                                                --------------
Gross profit                                        27,417,132

Operating Expenses
Officer compensation                                   26,849
Salary expenses, other employees                    4,913,996
Employees benefits & pensions                       1,978,476
Payroll taxes                                         583,622
Other taxes                                           618,483
Rent and lease expense                                  7,989
Interest expense                                    4,982,052
Insurance                                             220,033
Automobile & truck expense                                  0
Utilities                                             424,386
Depreciation                                        2,044,103
Travel and entertainment                                4,670
Repairs and maintenance                                62,178
Advertising                                         1,478,521
Supplies, office expense, etc.                         26,037
Gaming taxes                                        7,691,388
G&A expenses                                        2,811,445
F&B expenses                                          926,666
MGCB Fee                                              833,605
Parking/other                                           2,000
Pre-opening expenses                                        0
Impairment of intangible assets                             0
                                                --------------
Total expenses                                     29,636,501

Net operating profit (loss)                        (2,219,369)
Add: Non-operating income:
     Interest income                                    53,271
     Other income                                            -

Less: Non-operating expenses
      Professional fees                              5,325,759
      Other                                            175,000
                                                --------------
Net Income (Loss)                                  ($7,666,856)
                                                ==============

                      Greektown Casino LLC
                       Cash Flow Statement
              For the month ended October 31, 2009

Cash - beginning of month                          $10,694,860

Receipts                                           29,177,422
Balance available                                  39,872,282
                                                --------------
Less disbursements                                 29,625,543
                                                --------------
Cash - end of month                                $10,246,739
                                                ==============

                      About Greektown Casino

Based in Detroit, Michigan, Greektown Holdings, LLC, and its
affiliates -- http://www.greektowncasino.com/-- operates
world-class casino gaming facilities located in Detroit's
historic Greektown district featuring more than 75,000 square
feet of casino gaming space with more than 2,400 slot machines,
over 70 tables games, a 12,500-square foot salon dedicated to
high limit gaming and the largest live poker room in the
metropolitan Detroit gaming market.  Greektown Casino employs
approximately 1,971 employees, and estimates that it attracts
over 15,800 patrons each day, many of whom make regular visits to
its casino complex and related properties.  In 2007, Greektown
Casino achieved a 25.6% market share of the metropolitan Detroit
gaming market.  Greektown Casino has also been rated as the "Best
Casino in Michigan" and "Best Casino in Detroit" numerous times
in annual readers' polls in Detroit's two largest newspapers.

The Company and seven of its affiliates filed for Chapter 11
protection on May 29, 2008 (Bankr. E.D. Mich. Lead Case No.
08-53104).  Daniel J. Weiner, Esq., Michael E. Baum, Esq., and
Ryan D. Heilman, Esq., at Schafer and Weiner PLLC, represent the
Debtors in their restructuring efforts.  Judy B. Calton, Esq., at
Honigman Miller Schwartz and Cohn LLP, represents the Debtors as
their special counsel.  The Debtors chose Conway MacKenzie &
Dunleavy as their financial advisor, and Kurtzman Carson
Consultants LLC as claims, noticing, and balloting agent.  Clark
Hill PLC serves as counsel to the Official Committee of Unsecured
Creditors.

Greektown Holdings listed assets and debts of $100 million to
$500 million in its bankruptcy petition.

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


HERCULES CHEMICAL: Reports $167,000 Income in October
-----------------------------------------------------
Hercules Chemical Co. said net income was $167,000 in October on
revenue of $4 million. Since the inception of the reorganization
in September 2008, the cumulative net income is $565,000 on
revenue of $40.4 million.

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

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

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


ION MEDIA: Reports $2.4 Mil. Loss for October
---------------------------------------------
According to Bill Rochelle at Bloomberg, Ion Media Networks Inc.
reported a $2.4 million net loss in October on net revenue of
$15.9 million. Interest expense and reorganization items in the
month totaled $1.9 million.

The bankruptcy judge said at a Nov. 12 hearing that he would
confirm the reorganization plan that was largely negotiated before
the Chapter 11 filing in May.

                     About Ion Media Networks

ION Media Networks, Inc. -- http://www.ionmedia.com/-- owns and
operates the nation's largest broadcast television station group
and ION Television, which reaches over 96 million U.S. television
households via its nationwide broadcast television, cable and
satellite distribution systems, and features popular TV series and
movies from the award-winning libraries of RHI Entertainment, CBS
Television, NBC Universal, Sony Pictures Television, Twentieth
Television and Warner Bros., among others.  Using its digital
multicasting capability, the Company has launched several digital
TV brands, including qubo, a channel for children focusing on
literacy and values, and ION Life, a channel dedicated to active
living and personal growth.  It also has launched Open Mobile
Ventures Corporation, a business unit focused on the research and
development of portable, mobile and out-of-home transmission
technology using over-the-air digital television spectrum.

The Company and its affiliates filed for Chapter 11 bankruptcy
protection on May 19, 2009 (Bankr. S.D.N.Y. Case No. 09-13125).
Jonathan S. Henes, Esq., at Kirkland & Ellis LLP, is the Debtors'
general bankruptcy counsel.  Moelis & Company LLC is the Debtors'
financial advisor.  Ernst & Young LLP is the Debtors' tax advisor,
and Kurtzman Carson Consultants LLP is the Debtors' notice, claims
and balloting agent.  The Debtors listed $1,855,000,000 in assets
and $1,936,000,000 in debts as of April 30, 2009.  The U.S.
Trustee has appointed four members to the official committee of
unsecured creditors.


LANDAMERICA FIN'L: Records $35.9 Mil. Net Loss for September
------------------------------------------------------------
               LandAmerica Financial Group, Inc.
                         Balance Sheet
                   As of September 30, 2009

ASSETS

  Cash                                             $71,299,000
  Restricted Cash                                   15,838,000
  Notes:
     Fidelity National Title                        50,921,000
     Other                                          12,018,000

  Investments:
     Fidelity National Title Stock                  47,903,000

  Taxes receivable                                  21,462,000
  Property and equipment                             2,538,000
  Title Plans                                          945,000
  Other assets                                      44,465,000
  Investments in subsidiaries and
     consolidated joint ventures                   651,318,000
  Intercompany receivable                          243,517,000
                                               ---------------
     Total Assets                               $1,162,224,000
                                               ===============

LIABILITIES

  Accounts payable and accrued liabilities         $15,726,000
  Liabilities subject to compromise                476,612,000
                                               ---------------
     Total Liabilities                             492,338,000
     Total Shareholders' Equity                    669,886,000
                                               ---------------
     Total Liabilities & Shareholders' Equity   $1,162,224,000
                                               ===============

                LandAmerica Financial Group, Inc.
                     Statement of Operations
            For the month ended September 30, 2009

Revenue:
  Investment and other income                         $100,000
  Valuation adjustment related to
     Fidelity National Title Stock                  (9,117,000)
                                               ---------------
     Total Revenue                                 ($9,017,000)
                                               ===============

Expenses
  General, administrative and other expenses         1,953,000
  Professional fees                                  3,409,000
  Impairment of assets                              21,355,000
  Depreciation and amortization                        148,000
  Interest Expense                                           0
  Loss (Gain) on disposal of subsidiaries                    0
                                               ---------------
     Total Expenses                                 26,865,000
                                               ---------------
     Net Loss before income taxes                  (35,882,000)
  Income tax benefit                                         0
                                               ---------------
     Net Loss                                     ($35,882,000)
                                               ===============

               LandAmerica Financial Group, Inc.
         Schedule of Cash Receipts and Disbursements
              For Month Ended September 30, 2009

Operating Cash and Cash Equivalents

Held for the benefit;
  LandAmerica Financial Group, Inc.                $63,856,000
  Underwriters                                       6,875,000
  Retained Subsidiaries                                      0
                                               ---------------
     Opening Cash                                   70,731,000
                                               ---------------

Cash Receipts

  Collection received for the benefit of:
     Underwriters                                        1,000
     Retained subsidiaries                              19,000

  Payment reimbursements by;
     Underwriters                                   (6,976,000)
     Retained Subsidiaries                           1,252,000

  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                                       0
  Proceeds from FNF Settlement                      12,201,000
  Other Receipts                                       352,000
                                               ---------------
     Total Receipts                                  6,849,000
                                               ---------------

Cash Disbursement

  Related to LFG
     Payroll                                           775,000
     Rent & other occupancy costs                      232,000
     Insurance                                          77,000
     Leases                                            592,000
     Information Technology                            268,000
     Payables                                          112,000
     Bankruptcy Professional Fees                    3,703,000
     Return of Funds - Underwriters                          0
     Transfers to Restricted Cash                            0
     Others                                                  0
                                               ---------------
     Total                                           5,760,000
                                               ---------------
  Payments made for the benefit of:
     Underwriters                                       19,000
     Retained subsidiaries                             502,000
                                               ---------------
     Total Disbursements                             6,281,000
                                               ---------------
Net Cash Flow                                          568,000
                                               ---------------
Ending Cash and Cash Equivalents                   $71,299,000
                                               ===============

Ending Cash and Cash Equivalents

  Held for the benefit:
     LFG                                           $71,299,000
     Underwriters                                            0
     Retained subsidiaries                                   0
                                               ---------------
     Total                                         $71,299,000
                                               ===============

                    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).  Attorneys at
Willkie Farr & Gallagher LLP and McGuireWoods LLP serve as co-
counsel.  Zolfo Cooper is the restructuring advisor.  Epiq
Bankruptcy Solutions serves as claims and notice agent.

Attorneys at Akin Gump Strauss Hauer & Feld LLP and Tavenner &
Beran, PLC, serve as counsel to the Creditors Committee of 1031
Exchange.  Bingham McCutchen LLP and LeClair Ryan serve as counsel
to the Creditors Committee of LFG.

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)


LANDAMERICA FIN'L: LES Records $955,000 Net Loss for September
--------------------------------------------------------------
            LandAmerica 1031 Exchange Services, Inc.
                         Balance Sheet
                    As of September 30, 2009

Assets

Cash and Cash Equivalents                        $126,605,000
Notes receivable                                   11,064,000
Auction Rate Securities                           159,843,000
Taxes receivable                                       81,000
Property and Equipment                                 60,000
Other Assets                                           67,000
                                               ---------------
    Total Assets                                  $297,720,000
                                               ===============

Liabilities

  Accounts payable and accrued liabilities          $3,367,000
  Intercompany payable                                  25,000
  Liabilities subject to compromise                356,260,000
                                               ---------------
    Total Liabilities                              359,652,000
    Total Shareholders' Deficit                    (61,932,000)
                                               ---------------
    Total Liabilities & Shareholders' Equity      $297,720,000
                                               ===============

           LandAmerica 1031 Exchange Services, Inc.
                    Statement of Operations
             For the month ended September 30, 2009

Revenue:
Investment Income                                    $361,000
Settlement Income                                           0
                                               ---------------
    Total Revenue                                      361,000
                                               ---------------
Expenses
Professional Fees                                   1,290,000
General, administrative and other expenses             26,000
                                               ---------------
   Total Operating Expenses                          1,316,000
                                               ---------------
Operating Income                                     (955,000)
Impairment and noncash adjustment                           0
Income Taxes                                                0
                                               ---------------
    Net Loss                                         ($955,000)
                                               ===============

           LandAmerica 1031 Exchange Services, Inc.
         Schedule of Cash Receipts and Disbursements
            For the month ended September 30, 2009

Opening Cash Balance                               $128,185,000

Receipts
Investment Income                                     391,000
Settlements                                           107,000
Other Receipts                                              0
                                               ---------------
   Total Receipts                                      498,000
                                               ---------------
Disbursements
Professional Fees                                   1,799,000
Litigation Settlement                                       0
LFG                                                   279,000
Other                                                       0
                                               ---------------
   Total Disbursements                               2,078,000
                                               ---------------
Ending Cash                                       $126,605,000
                                               ===============

                    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).  Attorneys at
Willkie Farr & Gallagher LLP and McGuireWoods LLP serve as co-
counsel.  Zolfo Cooper is the restructuring advisor.  Epiq
Bankruptcy Solutions serves as claims and notice agent.

Attorneys at Akin Gump Strauss Hauer & Feld LLP and Tavenner &
Beran, PLC, serve as counsel to the Creditors Committee of 1031
Exchange.  Bingham McCutchen LLP and LeClair Ryan serve as counsel
to the Creditors Committee of LFG.

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)


MERUELO MADDUX: 845 S Flower Reports $9,344 Net Income in October
-----------------------------------------------------------------
On November 16, 2009, Meruelo Maddux - 845 S. Flower Street, LLC
and Meruelo Chinatown, LLC, which are both subsidiaries of Meruelo
Maddux Properties, Inc., filed their unaudited condensed debtors-
in-possession financial statements included in the monthly
operating report for the one month ended October 31, 2009, with
the United States Bankruptcy Court for the Central District of
California, San Fernando Valley Division.

Meruelo Maddux - 845 S. Flower Street reported net income of
$9,344 for the month of October.

At October 31, 2009, Meruelo Maddux - 845 S. Flower Street had
$56,273,257 in total assets and $89,206,106 in total liabilities.

Meruelo Chinatown reported net income of $15,340 on total revenue
of $23,250 for the month of October.

At October 31, 2009, Meruelo Chinatown had $1,346,295 in total
assets, $42,362 in total liabilities, and $1,303,295 in total
shareholders' equity.

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

               http://researcharchives.com/t/s?4a92

Based in Los Angeles, California, Meruelo Maddux Properties, Inc.
-- http://www.meruelomaddux.com/-- and its subsidiaries engage in
commercial and residential property development predominantly in
downtown Los Angeles and other densely populated urban areas in
California.

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.


MERUELO MADDUX: Posts $2,913,129 Net Loss in October
----------------------------------------------------
Meruelo Maddux Properties, Inc., and 53 of its direct and
indirect subsidiaries and affiliates on November 16, 2009, filed
their unaudited condensed combined debtors-in-possession financial
statements included in the monthly operating report for the one
month ended October 31, 2009, with the United States Bankruptcy
Court for the Central District of California, San Fernando Valley
Division.

The Debtors posted a net loss of $2,913,129 on total revenue of
$1,893,238 for the month of October.

As of October 31, 2009, the Debtors had $539,131,894 in total
assets, $317,686,355 in total liabilities, and $221,445,539 in
total stockholders' equity.

A full-text copy of the October monthly operating report is
available at no charge at http://researcharchives.com/t/s?4a93

Based in Los Angeles, California, Meruelo Maddux Properties, Inc.
-- http://www.meruelomaddux.com/-- and its subsidiaries engage in
commercial and residential property development predominantly in
downtown Los Angeles and other densely populated urban areas in
California.

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.


MUZAK HOLDINGS: Reports $4.2 Million Net Loss for October
---------------------------------------------------------
According to Bill Rochelle at Bloomberg, Muzak Holdings LLC
reported a $4.2 million net loss in October on revenue of
$17.8 million.  Reorganization items and interest expense in the
month totaled almost $6 million.  Before reorganization items, the
loss was $1.9 million.  From inception of the Chapter 11 case, the
cumulative loss before reorganization items is $17.2 million.

Muzak has already filed a Chapter 11 plan, which is now being sent
to creditors for voting.  The Court has scheduled a hearing to
consider the approval of Muzak's Plan of Reorganization on
January 12, 2010.

                       About Muzak Holdings

Headquartered in Fort Mill, South Carolina, Muzak Holdings LLC --
http://www.muzak.com/-- creates a variety of music programming
from a catalog of over 2.6 million songs and produces targeted
custom in-store and on-hold messaging.  Through its national
service and support network, Muzak designs and installs
professional sound systems, digital signage, drive-thru systems,
commercial television and more.  The Company and 14 affiliates
filed for Chapter 11 protection on February 10, 2009 (Bankr. D.
Del. Lead Case No. 09-10422).  Moelis & Company is serving as
financial advisor to the Company.  Kirkland & Ellis LLP is the
Debtors' counsel.  Klehr Harrison Harvey Branzburg & Ellers has
been tapped as local counsel.  Epiq Bankruptcy Solutions LLC
serves as claims and notice agent.  Muzak's petition listed assets
of $324 million against debt of $465 million, including
$101 million owed on a senior secured credit facility,
$220 million in senior notes and $115 million in subordinated
notes.


NEUMANN HOMES: Has $2 Million Balance at End of October
-------------------------------------------------------
                   Neumann Homes Inc., et al.
                   Receipts and Disbursements
                  Month Ended October 31, 2009

Beginning Balance in All Accounts
Neumann Citibank Operating Account                 $287,296
Neumann Citibank - Customer Earnest Money Acct           15
Neumann Citibank - Funding/DIP Acct                       -
Neumann Petty Cash Account                            1,673
Neumann Citibank - Worker Camp Escrow                     -
Neumann Citibank DIP Funding - Professional Acct          -
Neumann Citibank Clublands Antioch Clubhouse             14
                                              --------------
                                                     289,000

Restricted - Neumann Citibank - Glen at Lakemoor
  EM Acct                                              1,232
Restricted - IndyMac Escrow Acct - NeuVillage       125,609
Restricted - Chicago Title Escrow Acct -
  Closed Homes                                       224,435
Restricted - Chicago Title Escrow Acct -
Lender Funded                                     1,377,147
Restricted - NHI KERP Account                        14,896
Restricted - Land Title Guarantee Escrow                  -
                                              --------------
                                                   2,032,321
                                              --------------

Receipts:
Operating Acct                                        21,861
Customer Earnest Money Acct-Ckg                            -
Customer Earnest Money Acct-MM                             -
Funding/DIP Account                                        -
Neumann Petty Cash Account                                 -
Glen at Lakemoor EM acct                                   -
Clublands Antioch Clubhouse acct                           -
DIP Funding - Professional Acct                            -
Restricted Escrow held by CTT-Lender Funding               -
IndyMac Escrow for L/C-Leona's NeuVillage                  -
Restricted Escrow held by CTT-(closings)                   -
NHI Worker Comp Escrow                                     -
NHI KERP Account                                           -
Other Receipts - Employee Health
Plan Contribution                                         -
                                              --------------
                                                      21,861

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

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

Necessary expenses:
Rent or mortgage payment(s)                                -
Utilities & phones                                      (208)
Insurance                                                  -
Merchandise/services bought for manufacture or sale        -

Other:
Payroll Services                                        (100)
Benefit Related including flex spending                    -
Miscellaneous                                              -
Expense Reimbursement                                 (1,331)
Postage, shipping, copying                                 -
Other - Transfer                                           -
Supplies & Storage & Misc.                                 -
Temporary Labor                                            -
Consulting services                                  (31,227)
US Trustee Fees                                       (3,575)
Legal- Professional Fees
Professional tax service fees
Filing Fees, Extension Fees                                -
Payroll tax adjustment                                     -
                                              --------------
                                                     (36,442)

Total Disbursements:                                 (49,225)

Net Receipts (Disbursements) for the
Current Period                                      (27,364)
                                              --------------
Ending Balance in all Accounts                    $2,004,957
                                              ==============

                       About Neumann Homes

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

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

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


NORTEL NETWORKS: Posts $127MM Net Loss in August-September Period
-----------------------------------------------------------------
Nortel Networks Inc., and several other direct and indirect U.S.
subsidiaries and affiliates of Nortel Networks Limited filed on
November 24, 2009, their unaudited condensed combined debtors-in-
possession financial statements included in the monthly operating
report for the period from August 30, 2009, to September 30, 2009,
with the United States Bankruptcy Court for the District of
Delaware.

Nortel Networks Inc. posted a net loss of $127 million on total
revenues of $408 million.

As of September 30, 2009, Nortel Networks Inc. had $3.3 billion in
total assets and $7.4 billion in total liabilities.

A full-text copy of the monthly operating report is available at
no charge at http://researcharchives.com/t/s?4aa0

                      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.  The Company's
next-generation technologies, for both service provider and
enterprise networks, support multimedia and business-critical
applications.  Nortel's technologies are designed to help
eliminate the 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)


PILGRIM'S PRIDE: Records $13 Mil. Net Loss for October
------------------------------------------------------
                    Pilgrim's Pride Corporation
                           Balance Sheet
                     As of October 24, 2009

                             ASSETS

Unrestricted Cash                                    $224,882,684
Restricted Cash                                                 0
                                                   --------------
  Total Cash                                          224,882,684

Accounts Receivable                                   267,966,796
Intercompany accounts receivable                       32,708,082
Inventory                                             677,817,662
Notes receivable                                                0
Prepaid expenses                                       12,327,840
                                                   --------------
Total current assets                                1,215,703,064

Property, plant and equipment                       1,309,204,540
Other assets                                                    0
Less: Accumulated depreciation                        808,648,928
                                                   --------------
Net Property, Plant & Equipment                       500,555,612

Other assets                                        1,158,606,909

Total assets                                       $2,874,865,584
                                                   ==============

                      LIABILITIES & OWNER'S EQUITY

Postpetition Liabilities:
Accrued expenses                                               $0
Taxes payable                                          22,888,386
Notes payable (DIP Financing)                                   0
Professional fees (accrued est)                        10,490,000
Secured debt (accrued int)                             27,956,854
Others                                                136,550,635
                                                   --------------
Total postpetition liabilities                        197,885,875

Prepetition liabilities:
Secured debt                                        1,363,669,194
Priority debt                                             283,775
Unsecured debt                                        830,456,016
Other                                                 565,559,144
                                                   --------------
Total prepetition liabilities                       2,759,968,129

Total Liabilities                                   2,957,854,004

Equity:
Prepetition owners' equity                            531,687,077
Postpetition cumulative profit (loss)                 (10,796,069)
Direct charges to equity                             (603,879,428)
                                                   --------------
Total Equity                                          (82,988,420)

Total Liabilities & owners' equity                 $2,874,865,584
                                                   ==============

                    Pilgrim's Pride Corporation
                        Income Statement
               For the month ended October 24, 2009

Revenues:
Gross Revenue                                        $468,558,279
Less: Returns and discounts                            8,610,912
                                                   --------------
Net Revenue                                           459,947,367

Cost of Goods Sold:
Cost of goods sold                                    430,752,269
                                                   --------------
Total cost of goods sold                              430,752,269

Gross profit                                           29,195,098

Operating Expenses:
Officer/insider compensation                              512,757
General & administrative                               21,796,677
Other                                                      12,318
                                                   --------------
Total operating expenses                               22,321,752

Income before non-operating income
  and expense                                           6,873,345

Other Income & Expenses:
Financing expenses                                     12,016,042
Other                                                     667,232

Reorganization Expenses:
Professional fees                                       4,625,000
U.S. Trustee fees                                               0
Other reorganization items                              2,625,979
                                                   --------------
Total reorganization expenses                           7,250,979
Income tax                                                 10,745

Net Profit (Loss)                                    ($13,071,654)
                                                    =============

                      Pilgrim's Pride Corporation
                   Cash Disbursements and Receipts
                For the month ended October 24, 2009

Cash - Beginning of month                            $201,960,991
Cash sales                                                      0

Collection of Accounts Receivable:
Total operating receipts                              478,357,180
Non-Operating Receipts:
Loans & advances                                                0
Others                                                  3,661,000
                                                   --------------
Total Non-operating receipts                            3,661,000

Total receipts                                        482,018,180
Total Cash Available                                  683,979,171

Operating Disbursement:
Customer programs                                       8,304,572
Growing and feeding                                   195,519,166
Contractors, repair and maintenance                    15,852,204
Fleet and freight                                      27,017,348
General insurance                                       3,289,021
Leases/rentals                                          2,906,093
Meat/food                                              14,416,569
Packaging/ingredients                                  36,992,879
Gross payroll                                          97,557,647
Utilities                                              15,345,916
Other                                                  27,494,565
Capital expenditure                                     5,416,147
                                                   --------------
Total Operating Disbursements                         450,112,127

Reorganization Expenses:
Professional fees                                       4,365,162
U.S. Trustee                                                    0
Other reorganization                                   14,898,920
                                                   --------------
Total reorganization expenses                          19,264,082
                                                   --------------
Total disbursements                                   469,376,209

Net cash flow                                          12,641,971

Changes in cash management obligations                 20,618,420
                                                   --------------
Cash - End of Month                                  $235,221,382
                                                   ==============

                     About Pilgrim's Pride

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

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

Pilgrim's Pride has engaged Stephen A. Youngman, Esq., Martin A.
Sosland, Esq., and Gary T. Holzer, Esq., at Weil, Gotshal & Manges
LLP, as bankruptcy counsel.  Lazard Freres & Co., LLC, is the
Company's investment bankers and William K. Snyder of CRG Partners
Group LLC is chief restructuring officer.  Kurtzman Carson
Consulting LLC serves as claims and notice agent.  Kelly Hart and
Brown Rudnick represent the official equity committee.  Attorneys
at Andrews Kurth LLP represents the official committee of
unsecured creditors.

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

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


PROPEX INC: Fabrics Estate Has Balance of $3.44MM as of Sept. 30
----------------------------------------------------------------
Fabrics Estate Liquidating Trust, successor to Fabrics Estate
Inc, Fabrics Estate Holdings Inc., Concrete Estate Systems
Corporation, Fabrics Estate International Holdings I Inc., and
Fabrics Estate International Holdings II Inc., filed with the
Court its monthly operating report for September 2009.

For the reporting period, Fabrics Estate relates that it
disbursed a total of $9,500 for the month of September.  Its
total ending book balance is $3,442,634.

A full-text copy of the September 2009 Operating Report is
available for free at:

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

                         August Results

Fabrics Estate Liquidating Trust, successor to Fabrics Estate
Inc, Fabrics Estate Holdings Inc., Concrete Estate Systems
Corporation, Fabrics Estate International Holdings I Inc., and
Fabrics Estate International Holdings II Inc., filed with the
Court its monthly operating report for August 2009.

For the reporting period, Fabrics Estate relates that it
disbursed a total of $593,816 for the month of August.  Its total
ending book balance is $3,452,131.

A full-text copy of the August 2009 Operating Report is available
for free at http://bankrupt.com/misc/Fabrics_Augustmor.pdf

                       About Propex Inc.

Headquartered in Chattanooga, Tennessee, Propex Inc. --
http://www.propexinc.com/-- produces geosynthetic, concrete,
furnishing, and industrial fabrics and fiber.  It also produces
primary and secondary carpet backing.  Propex operates in North
America, Europe, and Brazil.  In Europe, the company has
manufacturing facilities in Germany, Hungary and the United
Kingdom.

The Company and its debtor-affiliates filed for Chapter 11
protection on January 18, 2008 (Bankr. E.D. Tenn. Case No.
08-10249).  The Debtors selected Edward L. Ripley, Esq., Henry J.
Kaim, Esq., and Mark W. Wege, Esq. at King & Spalding, in Houston,
Texas, to represent them.  The Official Committee of Unsecured
Creditors tapped Ira S. Dizengoff, Esq., at Akin Gump Strauss
Hauer & Feld, LLP, in New York, to be its counsel.

Propex changed its name to Fabrics estate following the sale of
substantially all of its assets to Xerxes Operating Company, LLC,
and Xerxes Foreign Holding Corp.

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


RATHGIBSON INC: Reports October Net Loss of $4.8 Million
--------------------------------------------------------
According to Bill Rochelle at Bloomberg, RathGibson Inc. reported
a $4.8 million net loss in October on $15.3 million in net sales.
Gross profit in the month was $1.7 million.

As reported by the TCR on Nov. 12, 2009, RathGibson Inc. is
revising its Chapter 11 plan.  RathGibson says it needs to add two
affiliates to the Chapter 11 case and revise the plan to achieve a
"more tax efficient restructuring."

RathGibson has already obtained approval of the disclosure
statement to the Chapter 11 plan.  The Plan had been scheduled for
a confirmation hearing on October 16 but was called off pending
the revisions.

Under the terms of the original Plan, however of secured claims
aggregating $53.5 million will recover 100% of their claims.
Holders of senior notes owed a total of $209.2 million will
receive new common stock for a 7% recovery.  Holders of Allowed
general unsecured claims will receive payment in full in cash.

                       About RathGibson Inc.

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

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

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

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


READER'S DIGEST: Reports $16.6 Million October Profit
-----------------------------------------------------
According to Bill Rochelle at Bloomberg, Reader's Digest
Association reported $16.6 million in net income and a
$19.8 million operating profit in October on revenue of
$106 million.

Saying the motion was being made as a precaution, Reader's Digest
filed a motion to extend the exclusive right to propose a
reorganization plan until Feb. 22.  The exclusivity motion will be
heard in bankruptcy court on Dec. 7.

The hearing for approval of the disclosure statement is scheduled
to resume November 25.  The confirmation hearing for approval of
the plan is tentatively scheduled to begin Jan. 15.

         The Reader's Digest Association, Inc., et al.
                    Combined Balance Sheet
                    As of October 31, 2009

Assets
Current assets:
  Cash and cash equivalents                        $190,700,000
  Restricted cash                                     2,800,000
  Accounts receivable & other receivables, net      126,500,000
  Inventories                                        51,200,000
  Intercompany receivable                            41,500,000
  Investment in subsidiaries, at cost             1,688,500,000
  Other current assets                              136,300,000
                                                 --------------
     Total current assets                         2,237,500,000

Property, plant and equipment, net                   37,900,000
Restricted cash                                       5,300,000
Goodwill                                            410,100,000
Other intangible assets, net                        157,100,000
Other noncurrent assets                             234,800,000
                                                 --------------
Total assets                                     $3,082,700,000
                                                 ==============


Liabilities and stockholder's deficit
Current liabilities:
  Short-term borrowings                            $150,000,000
  Accounts payable                                   80,100,000
  Accrued expenses                                   64,700,000
  Other current liabilities                         307,800,000
                                                 --------------
     Total current liabilities                      602,600,000

Unearned revenues                                   150,500,000
Accrued pension                                               -
Postretirement and postemployment
  benefits other than pensions                       14,000,000
Intercompany long-term                               98,000,000
Other noncurrent liabilities                        211,900,000
                                                 --------------
Liabilities not subject to compromise             1,077,000,000

Liabilities subject to compromise                 2,430,200,000
                                                 --------------
Total Liabilities                                 3,507,200,000

Preferred stock                                               -
Common stock                                          2,400,000
Paid-in capital                                   1,126,000,000
Accumulated deficit                              (1,367,200,000)
Accumulated other comprehensive gain (loss)        (185,700,000)
                                                 --------------
Total stockholder's deficit                        (424,500,000)
Total liabilities and stockholder's deficit      --------------
                                                 $3,082,700,000
                                                 ==============

         The Reader's Digest Association, Inc., et al.
               Combined Statement of Operations
                 Month Ended October 31, 2009

Revenues                                           $106,300,000

Product, distribution and editorial expenses         45,200,000
Promotion, marketing and admin. expenses             40,800,000
Other operating items, net                              500,000
                                                 --------------
Operating profit                                     19,800,000

Interest expense, including amortization              3,400,000
Other expense (income), net                                   -
                                                 --------------
Income before reorganization items,                  16,400,000
  income taxes and discontinued operations

Reorganization items:
  Professional fees                                   3,100,000
  Rejected contracts/leases                                   -
  Interest                                                    -
  Gains on LSTC                                      (2,000,000)
  U.S. Trustee fees                                     100,000
  Compensation and retention                            600,000
  Other                                                 300,000
                                                 --------------
Total Reorganization items                            2,100,000
                                                 --------------
Income before income taxes and                       14,300,000
  discontinued operations

Income tax provision                                 (2,300,000)
                                                 --------------
Income from continuing operations                    16,600,000

Income from discontinued operations, net of tax               -
                                                 --------------
Net Income                                          $16,600,000
                                                 ==============

         The Reader's Digest Association, Inc., et al.
               Combined Statement of Cash Flows
                 Month Ended October 31, 2009

Cash flows from operating activities:
Net Income                                          $16,600,000
Adjustments to reconcile net loss to
operating cash flows:
  Income from discontinued operations, net                    -
  Depreciation and amortization                       1,800,000
  Amortization of debt issuance costs                 1,700,000
  Net loss on sale of certain assets                          -
  Stock-based compensation                                    -
  Loss on derivatives                                         -
Changes in assets and liabilities, net:
  Restricted cash                                      (600,000)
  Accounts receivable, net                           (9,800,000)
  Inventories                                        (3,800,000)
  Prepaid and deferred promotion costs                1,000,000
  Other assets                                        7,200,000
  Unearned revenues                                  (1,100,000)
  Income taxes                                       (2,500,000)
  Intercompany payables/receivables                   4,000,000
  Accounts payable and accrued expenses              20,200,000
  Liabilities subject to compromise                 (19,200,000)
  Other liabilities                                  (1,600,000)
                                                 --------------
Net change in cash due to                            13,900,000
  continuing operating activities

Net change in cash due to discontinued
  operating activities                                  200,000
                                                 --------------
Net change in cash due to operating activities       14,100,000

Cash flows from investing activities:
  Proceeds from sale of assets                                -
  Proceeds from Note                                  1,300,000
  Capital expenditures                                 (400,000)
                                                 --------------
Net change in cash due to investing activities          900,000

Cash flows from financing activities:
  Proceeds from borrowings                                    -
  Short-term borrowings, net                         48,500,000
                                                 --------------
Net change in cash due to financing activities       48,500,000

  Effect of exchange rate changes on cash
     and cash equivalents                              (600,000)
                                                 --------------
Net change in cash and cash equivalents              62,900,000
Cash & cash equivalents at beginning of period      127,800,000
                                                 --------------
Cash & cash equivalents at end of period           $190,700,000
                                                 ==============

               About The Reader's Digest Association

RDA is a global multi-brand media and marketing company that
educates, entertains and connects audiences around the world.  The
company builds multi-platform communities based on branded
content.  With offices in 44 countries, it markets books,
magazines, and music, video and educational products reaching a
customer base of 130 million in 78 countries.  It publishes 94
magazines, including 50 editions of Reader's Digest, the world's
largest-circulation magazine, operates 65 branded Web sites
generating 22 million unique visitors per month, and sells
40 million books, music and video products across the world each
year.  Its global headquarters are in Pleasantville, N.Y.

Reader's Digest said that as of June 30, 2009, it had total assets
of $2.2 billion against total debts of $3.4 billion.

Reader's Digest, together with its 47 affiliates, filed for
Chapter 11 on August 24 (Bankr. S.D.N.Y. Case No. 09-23529).
Kirkland & Ellis LLP has been engaged as general restructuring
counsel.  Mallet-Prevost, Colt & Mosle LLP has been tapped as
conflicts counsel.  Ernst & Young LLP is auditor.  Miller Buckfire
& Co, LLC, is financial advisor.  AlixPartners, LLC, is
restructuring consultant.  Kurtzman Carson Consultants is notice
and claims agent.

The Official Committee of Unsecured Creditors is tapping BDO
Seidman, LLP, as financial advisor, Trenwith Securities, LLP, as
investment banker and Otterbourg, Steindler, Houston & Rosen,
P.C., as counsel.

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


REFCO INC: Refco LLC Has $47.48 Mil. Balance at Sept. 30
--------------------------------------------------------
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 September 1 to 30,
2009.

The Chapter 7 Trustee reported that Refco LLC's beginning balance
in its Money Market account with JPMorgan Chase Bank, N.A.,
totaled $49,037,000, as of September 1.

During the Reporting Period, Refco LLC received a total of
$11,000 in interest income and other receivables.  No transfers
were made, Mr. Togut noted.

Refco LLC held $47,476,000 at the end of the period.

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

Beginning Balance, September 1, 2009                 $49,037,000

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                 351,000
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                   3,000
Other disbursements                                            0

Reorganization Expenses
Attorney fees                                           910,000
Trustee bond premium                                          0
Other professional fees                                 308,000
                                                   -------------
TOTAL DISBURSEMENTS                                   1,572,000
                                                   -------------
Ending Balance, September 30, 2009                   $47,476,000
                                                   =============

                         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)


SEMGROUP LP: Records $5.88 Mil. Loss for September
--------------------------------------------------
                       SemCrude, L.P., et al.
                    Consolidating Balance Sheet
                      As of September 30, 2009

Cash                                               $747,819,000
Accounts Receivable                                 106,375,000
Receivable from affiliate                           140,411,000
Inventories                                         132,992,000
Derivative asset                                      1,581,000
Margin deposits                                      16,432,000
Income taxes receivable                                       0
Deferred tax asset                                            0
Other current assets                                 23,538,000
Current assets of discontinued operations                     0
Intercompany                                                  0
                                                ---------------
Total current assets                             1,169,148,000

Property, plant and equipment                       313,275,000
Accumulated depreciation                            (67,807,000)
Pipeline linefine                                     8,217,000
                                                ---------------
Property, plant and equipment, net                 253,685,000

Investment in subsidiaries                          384,931,000
Long-term derivative assets                                   0
Goodwill                                              4,746,000
Investment in affiliates                            102,598,000
Deferred tax asset                                            0
Accounts receivable long-term                       416,506,000
Note receivable - CAMS                              137,980,000
Long-term assets of discontinued operations                   0
Other assets, net                                    29,595,000
                                                ---------------
Total assets                                    $2,499,189,000
                                                ===============

Subject to Compromise
Accounts payable                                    919,152,000
Book overdrafts                                               0
Accrued liabilities                               1,014,206,000
Income taxes payable                                          0
Deferred revenue                                              0
Deferred income taxes                                         0
Derivative liabilities                                        0
Current liabilities of discontinued operations                0
Current portion of long-term debt                   150,000,000
                                                ---------------
Total current liabilities                        2,083,358,000

Revolver facility                                   665,000,000
Working capital facility                          1,633,110,000
Term B notes                                        141,274,000
Capital lease obligations                                     0
Other obligations                                             0
Note payable to Parent                                        0
Senior Notes                                        600,000,000
Deferred tax liability                                        0

Long-term derivative liabilities                              0
Asset retirement obligation                                   0
Pension obligations                                  13,888,000
Other long-term liabilities                                   0
Long-term liabilities of discontinued operations              0
Minority interest                                             0

Not Subject to Compromise
Accounts payable                                     68,237,000
Book overdrafts                                               0
Accrued liabilities                                  69,243,000
Income taxes payable                                          0
Deferred revenue                                      3,675,000
Deferred income taxes                                         0
Derivative liabilities                               11,153,000
Current liabilities of discontinued operations                0
Current portion of long-term debt                   146,165,000
                                                ---------------
Total current liabilities                          298,473,000

Revolver facility                                             0
Working capital facility                                      0
Term B notes                                                  0
Capital lease obligations                               103,000
Other obligations                                             0
Note payable to Parent                                        0
Senior Notes                                                  0
Deferred tax liability                                   20,000
DIP credit facility                                           0
Long-term derivative liabilities                              0
Asset retirement obligation                                   0
Pension obligations                                           0
Investment in affiliates                            613,918,000
Other long-term liabilities                             168,000
Long-term liabilities of discontinued operations              0
Minority interest                                             0

Accum other comprehensive income                    (21,014,000)
Partners' capital                                (3,529,109,000)
                                                ---------------
Total partners' capital                         (3,550,123,000)

Total liabilities and partners' capital          $2,499,189,000
                                                ===============

                       SemCrude, L.P., et al.
                   Consolidating Income Statement
              For the Period from September 1 to 30, 2009

Sales
Operating Outside Sales
Product Sales                                       $62,970,000
Services                                              3,638,000
Other Operating Revenue                                 149,000
                                                ---------------


Total Outside Operating Sales                        66,757,000

Trading activity                                         10,000
                                                ---------------

Total Outside Operating Revenue                      66,767,000

Operating Revenue Intercompany                       16,457,000
                                                ---------------
Total Operating Revenue                              83,224,000

Unrealized G/L on Derivatives                        (2,270,000)
                                                ---------------
Total Revenue                                        80,954,000

Cost of Goods Sold
Products                                            55,776,000
Transportation & Fuel                               (2,277,000)
Other                                                   11,000
                                                ---------------
Total Outside Cost of Goods Sold                    53,510,000

Cost of Goods Sold Intercompany                      13,375,000
                                                ---------------
Total Cost of Sales                                  66,885,000
                                                ---------------
Gross Profit                                         14,069,000

Operating Expenses
Wages and benefits                                   1,265,000
Field Expenses                                         772,000
Maintenance & repairs                                  241,000
Outside Services                                       196,000
Property & Equipment Leases & Rents                    205,000
Insurance Permits licenses Taxes                       892,000
Office                                                  65,000
Travel Lodging Meetings                                 48,000
Other                                                  (33,000)
                                                ---------------
Total Operating Expenses                              3,651,000

General & Administrative Expenses
Wages & Benefits                                     1,077,000
Miscellaneous                                            2,000
Maintenance & Repairs                                    2,000
Outside Services                                       841,000
Property & Equipment Leases & Rents                    161,000
Insurance Permits licenses Taxes                       343,000
Office                                                 183,000
Travel Lodging Meetings                                 40,000
Other                                                 (293,000)
                                                ---------------
Total General & Administrative Expenses              2,356,000

Earnings before interest Taxes Deprn Amort            8,062,000

Other (Income) Expenses
Interest Income                                        (100,000)
Other Income                                           (588,000)
Foreign Currency Transaction (Income) Loss              (31,000)

Interest Expense                                        785,000

Depreciation                                          2,065,000

Amortization                                             98,000

Reorganization                                       11,716,000

Income Taxes                                                  -
                                                ---------------
Net Loss                                            ($5,883,000)
                                                ===============

Total disbursement for the period from September 1 to 30, 2009,
aggregated $42,663,879.

                        About SemGroup L.P.

SemGroup, L.P. -- http://www.semgrouplp.com/-- is a midstream
service company that provides diversified services for end users
and consumers of crude oil, natural gas, natural gas liquids and
refined products.  Services include purchasing, selling,
processing, transporting, terminalling and storing energy.
SemGroup serves customers in the United States, Canada, Mexico and
Wales.

SemGroup L.P. and its debtor-affiliates filed for Chapter 11
protection on July 22, 2008 (Bankr. D. Del. Lead Case No.
08-11525).  John H. Knight, Esq., L. Katherine Good, Esq. and Mark
D. Collins, Esq., at Richards Layton & Finger; Harvey R. Miller,
Esq., Michael P. Kessler, Esq., and Sherri L. Toub, Esq., at Weil,
Gotshal & Manges LLP; and Martin A. Sosland, Esq., and Sylvia A.
Mayer, Esq., at Weil Gotshal & Manges LLP, represent the Debtors
in their restructuring efforts.  Kurtzman Carson Consultants
L.L.C. is the Debtors' claims agent.  The Debtors' financial
advisors are The Blackstone Group L.P. and A.P. Services LLC.

Margot B. Schonholtz, Esq., and Scott D. Talmadge, Esq., at Kaye
Scholer LLP; and Laurie Selber Silverstein, Esq., at Potter
Anderson & Corroon LLP, represent the Debtors' prepetition
lenders.

SemGroup L.P.'s affiliates, SemCAMS ULC and SemCanada Crude
Company, sought protection under the Companies' Creditors
Arrangement Act (Canada) on July 22, 2008.  Ernst & Young, Inc.,
is the appointed monitor of SemCanada Crude Company and its
affiliates' reorganization proceedings before the Canadian
Companies' Creditors Arrangement Act.  The CCAA stay expires on
November 21, 2008.

SemGroup L.P.'s consolidated, unaudited financial conditions as of
June 30, 2007, showed $5,429,038,000 in total assets and
$5,033,214,000 in total debts.

SemGroup, LP, has won confirmation from the U.S. Bankruptcy Court
of its Fourth Amended Plan of Reorganization on October 28, 2008.

Bankruptcy Creditors' Service, Inc., publishes SemGroup Bankruptcy
News.  The newsletter tracks the Chapter 11 proceedings undertaken
by SemGroup L.P. and its various affiliates.
(http://bankrupt.com/newsstand/or 215/945-700)


SHARPER IMAGE: Ends October With $5,265,780 Cash
------------------------------------------------
TSIC, Inc., formerly known as The Sharper Image Corporation, filed
with the U.S. Bankruptcy Court for the District of Delaware on
November 19, 2009, its monthly operating report for October 2009.

TSIC ended October with $5,265,780 cash.  TSIC paid $9,631 in
bankruptcy professional fees and reimbursed $9,125 in
professionals' expenses.

TSIC posted a net loss of $108,513 during the period.  As of
October 31, 2009, TSIC had $9,736,527 in total assets,
($100,393,257) in total liabilities, and $90,656,731 in net
owner's equity.

A full-text copy of TSIC's October operating report is available
at no charge at http://researcharchives.com/t/s?4a98

                     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. Del. 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.


STATION CASINOS: Recorded $2.8 Mil. Net Income for August
---------------------------------------------------------
          STATION CASINOS, INC. AND CERTAIN DEBTORS
                  CONDENSED BALANCE SHEET
                   AS OF AUGUST 31, 2009

ASSETS
Cash and cash equivalents                         $6,400,000
Restricted Cash                                   10,188,000
Accounts and notes receivable                     16,034,000
Interco receivable                              (861,035,000)
Prepaid expenses                                   3,885,000
Inventory                                             14,000
Deferred tax asset, current                          133,000
                                             ---------------
  Total current assets                          (824,381,000)
                                             ---------------
Property, plant & equipment                      109,940,000
Land held for development                                  0
Intangible assets                                  2,485,000
Debt issuance costs                               45,814,000
Other assets                                      58,847,000
Investments in subsidiaries                    4,286,476,000
Long-term deferred tax asset                     232,167,000
                                             ---------------
  Total Assets                                $3,911,348,000
                                             ===============

LIABILITIES
Liab subject to compromise                    $2,252,705,000
DIP financing                                     52,000,000
Current portion of LT debt                       874,487,000
Accounts payable                                     859,000
Accrued liabilities                               10,603,000
Accrued FIT payable                              (22,075,000)
Accrued interest payable                           4,309,000
Payroll & related liabilities                      4,303,000
Swap market value, current                         4,496,000
Deferred tax liability, current                    4,938,000
                                             ---------------
  Total current liabilities                    3,186,625,000
                                             ---------------
LT Debt less current portion                      70,138,000
Long tern accrued benefits                        22,875,000
Deferred taxes noncurrent                        669,385,000
Other liabilities                                  8,579,000
                                             ---------------
  Total Liabilities                            3,957,602,000
                                             ---------------
Common stock                                         417,000
Restricted stock                                 311,526,000
Additional paid-in capital                     2,662,113,000
Retained earning (deficit)                    (3,020,537,000)
Other comprehensive income                           227,000
                                             ---------------
  Total stockholders equity                      (46,254,000)
                                             ---------------
  Total Liabilities and Equity                $3,911,348,000
                                             ===============

          STATION CASINOS, INC. AND CERTAIN DEBTORS
             CONDENSED STATEMENTS OF OPERATIONS
              For The Month Ended August 31, 2009

Operating revenue:
Other                                              ($18,000)
                                             ---------------
Net revenue                                          (18,000)
Operating costs & expenses                         2,316,000
                                             ---------------
EBITDAR                                            2,334,000
Land lease                                            19,000
Earnings (losses) from JV's                         (293,000)
                                             ---------------
EBITDA                                            (2,646,000)
Depreciation                                         692,000
Restructuring charge                                   2,000
Preopening expenses                                        0
                                             ---------------
EBIT                                              (3,340,000)
I/C Interest income                                    8,000
Interest income                                        4,000
Interest expense                                  (4,898,000)
Less: capitalized interest                         1,317,000
Change in swap fair value                          7,452,000
                                             ---------------
Income before fees & inc tax                         543,000
Management fees                                    2,059,000
Federal tax fees                                     213,000
                                             ---------------
  Net Income                                      $2,815,000
                                             ===============

          STATION CASINOS, INC. AND CERTAIN DEBTORS
              CONDENSED STATEMENTS OF CASH FLOWS
              For The Month Ended August 31, 2009

Cash flows from operating activities:
Net income                                        $2,815,000

Adjustment to reconcile net income to
net cash used in operating activities:
Depreciation and amortization                       692,000
Shared-based compensation                         1,184,000
Change in fair value of derivative
  instrument                                      (7,453,000)
Amortization of debt discount                       157,000
Change in assets and liabilities:
   Decrease (increase) in restricted cash             (4,000)
   Decrease (increase) in accts. and notes
    receivable, net                                  189,000
   Decrease (increase) in inventories &
    prepaid expenses and other                       517,000
   Increase (decrease) in accounts payable          (219,000)
   Increase (decrease) in accrued interest           266,000
   Increase (decrease) in accrued expenses
    and other current liabilities                 (3,674,000)
   Increase (decrease) in intercomp. payables    (44,270,000)
Other, net                                           109,000
                                             ---------------
   Total adjustments                             (52,506,000)
Net cash provided by (used in)
operating activities, before
reorganization items
Reorganization items                            (49,691,000)
Net cash provided (used in)
  operating activities                            (1,251,000)
                                             ---------------
                                                 (50,942,000)
                                             ---------------

Cash flows from investing activities:
Capital expenditures                                (74,000)
Distribution from subsidiaries, net
  of investments                                   4,742,000
Native American development costs                (1,318,000)
Other, net                                           (6,000)
                                             ---------------
                                                   3,344,000
                                             ---------------

Cash flows from financing activities:
Borrowings under DIP Financing                       52,000
Capital contributions received                            0
                                             ---------------
   Net cash provided by (used in)
    financing activities                              52,000
                                             ---------------

Cash and cash equivalents:
Increase in cash and cash equivalents             4,402,000
Balance, beginning period                         1,998,000
                                             ---------------
Balance, end of period                           $6,400,000
                                             ===============

Supplemental cash flow information:
Cash paid for interest                           $4,469,000
Minus: Capitalized interest                      (1,317,000)
                                             ---------------
                                                   3,152,000
                                             ---------------
Cash paid for reorganization items                 $184,000
                                             ---------------

                       About Station Casinos

Station Casinos, Inc., is a gaming and entertainment company that
currently owns and operates nine major hotel/casino properties
(one of which is 50% owned) and eight smaller casino properties
(three of which are 50% owned), in the Las Vegas metropolitan
area, as well as manages a casino for a Native American tribe.

Station Casinos Inc., together with its affiliates, filed for
Chapter 11 on July 28, 2009 (Bankr. D. Nev. Case No. 09-52477).
Station Casinos has hired Milbank, Tweed, Hadley & McCloy LLP as
legal counsel in the Chapter 11 case; Brownstein Hyatt Farber
Schreck, LLP, as regulatory counsel; and Lewis and Roca LLP as
local counsel.  The Debtor is also hiring Lazard Freres & Co. LLC
as investment banker and financial advisor.  Kurtzman Carson
Consultants LLC is the claims and noticing agent.

In its bankruptcy petition, Station Casinos said that it had
assets of $5,725,001,325 against debts of $6,482,637,653 as of
June 30, 2009.  About 4,378,929,997 of its liabilities constitute
unsecured or subordinated debt securities.

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


STATION CASINOS: Recorded $341.2MM Loss for September
-----------------------------------------------------
           STATION CASINOS, INC. AND CERTAIN DEBTORS
                   CONDENSED BALANCE SHEET
                   As of September 30, 2009

ASSETS
Cash and cash equivalents                           $816,000
Restricted Cash                                   10,188,000
Accounts and notes receivable                     16,010,000
Interco receivable                              (853,926,000)
Prepaid expenses                                   3,341,000
Inventory                                             13,000
Deferred tax asset, current                          137,000
                                             ---------------
  Total current assets                          (823,421,000)
                                             ---------------
Property, plant & equipment                      108,909,000
Land held for development                                  0
Intangible assets                                  2,485,000
Debt issuance costs                                        0
Other assets                                      58,647,000
Investments in subsidiaries                    4,293,676,000
Long-term deferred tax asset                     119,523,000
                                             ---------------
  Total Assets                                $3,759,819,000
                                             ===============

LIABILITIES
Liab subject to compromise                    $3,422,436,000
DIP financing                                     81,000,000
Current portion of LT debt                                 0
Accounts payable                                     930,000
Accrued liabilities                               12,751,000
Accrued FIT payable                                        0
Accrued interest payable                             170,000
Payroll & related liabilities                      4,122,000
Swap market value, current                                 0
Deferred tax liability, current                    4,356,000
                                             ---------------
  Total current liabilities                    3,525,765,000
                                             ---------------
LT Debt less current portion                               0
Long tern accrued benefits                                 0
Deferred taxes noncurrent                        611,362,000
Other liabilities                                  8,899,000
                                             ---------------
  Total Liabilities                            4,146,026,000
                                             ---------------
Common stock                                         417,000
Restricted stock                                 312,710,000
Additional paid-in capital                     2,662,113,000
Retained earning (deficit)                    (3,361,745,000)
Other comprehensive income                           298,000
                                             ---------------
  Total stockholders equity                     (386,207,000)
                                             ---------------
  Total Liabilities and Equity                $3,759,819,000
                                             ===============

          STATION CASINOS, INC. AND CERTAIN DEBTORS
              CONDENSED STATEMENTS OF OPERATIONS
            For The Month Ended September 30, 2009

Operating revenue:
Other                                                $2,000
                                             ---------------
Net revenue                                            2,000
Operating costs & expenses                        (5,245,000)
                                             ---------------
EBITDAR                                           (5,247,000)
Land lease                                            20,000
Earnings (losses) from JV's                          678,000
                                             ---------------
EBITDA                                             5,905,000
Depreciation                                         662,000
Restructuring charge                                       0
Preopening expenses                                        0
                                             ---------------
EBIT                                               5,243,000
Cancelled debt offering costs                              0
Early retirement of debt                                   0
Loss on lease termination                         (3,064,000)
I/C Interest income                                   55,000
Interest income                                        1,000
Interest expense                                  (4,321,000)
Less: capitalized interest                         1,528,000
Interest in swap fair value                          156,000
Change in swap fair value                           (301,000)
                                             ---------------
Income before fees & inc tax                        (703,000)
Management fees                                    2,001,000
Reorganization costs                            (254,605,000)
Federal tax fees                                 (87,903,000)
                                             ---------------
  Net Income                                   ($341,210,000)
                                             ===============


           STATION CASINOS, INC. AND CERTAIN DEBTORS
              CONDENSED STATEMENTS OF CASH FLOWS
            For the Month Ended September 30, 2009

Cash flows from operating activities:
Net income                                     ($341,210,000)

Adjustment to reconcile net income to
net cash used in operating activities:
Depreciation and amortization                       662,000
Shared-based compensation                         1,188,000
Change in fair value of derivative
  instrument                                        (156,000)
Loss on disposal                                    149,000
Amortization of debt discount                      (405,000)
Reorganization items                            254,605,000
Change in assets and liabilities:
   Decrease (increase) in restricted
    cash                                                   0
   Decrease (increase) in accts. and
    notes receivable, net                             24,000
   Decrease notes in inventories & prepaid
    expenses and other                             2,646,000
   Increase (decrease) in deferred income
    taxes                                         53,995,000
   Increase (decrease) in accounts payable           138,000
   Increase (decrease) in accrued interest          (493,000)
   Increase (decrease) in accrued expenses
    and other current liabilities                  1,415,000
   Increase (decrease) in intercomp.
    payables                                      15,789,000
Other, net                                            24,000
                                             ---------------
   Total adjustments                             329,581,000
Net cash provided by (used in)
operating activities, before
reorganization items
Cash used for Reorganization items              (11,629,000)
Net cash provided (used in)
  operating activities                           (13,358,000)
                                             ---------------
                                                 (24,987,000)
                                             ---------------

Cash flows from investing activities:
Capital expenditures                                278,000
Distribution from subsidiaries, net
  of investments                                  (7,262,000)
Native American development costs                         0
Other, net                                       (1,528,000)
                                             ---------------
                                                  (8,512,000)
                                             ---------------

Cash flows from financing activities:
Borrowings under DIP Financing                   29,000,000
Payments under term loan                           (625,000)
Payments of debt issue costs                       (460,000)
Capital contributions received                            0
                                             ---------------
   Net cash provided by (used in)
    financing activities                          27,915,000
                                             ---------------

Cash and cash equivalents:
Increase (decrease) in cash and cash
  equivalents                                     (5,584,000)
Balance, beginning period                         6,400,000
                                             ---------------
Balance, end of period                             $816,000
                                             ===============

Supplemental cash flow information:
Cash paid for interest                           $4,469,000
Minus: Capitalized interest                      (1,317,000)
                                             ---------------
                                                   3,152,000
                                             ---------------
Cash paid for reorganization items                 $184,000
                                             ---------------

                       About Station Casinos

Station Casinos, Inc., is a gaming and entertainment company that
currently owns and operates nine major hotel/casino properties
(one of which is 50% owned) and eight smaller casino properties
(three of which are 50% owned), in the Las Vegas metropolitan
area, as well as manages a casino for a Native American tribe.

Station Casinos Inc., together with its affiliates, filed for
Chapter 11 on July 28, 2009 (Bankr. D. Nev. Case No. 09-52477).
Station Casinos has hired Milbank, Tweed, Hadley & McCloy LLP as
legal counsel in the Chapter 11 case; Brownstein Hyatt Farber
Schreck, LLP, as regulatory counsel; and Lewis and Roca LLP as
local counsel.  The Debtor is also hiring Lazard Freres & Co. LLC
as investment banker and financial advisor.  Kurtzman Carson
Consultants LLC is the claims and noticing agent.

In its bankruptcy petition, Station Casinos said that it had
assets of $5,725,001,325 against debts of $6,482,637,653 as of
June 30, 2009.  About 4,378,929,997 of its liabilities constitute
unsecured or subordinated debt securities.

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


THORNBURG MORTGAGE: Ends October With $24,074,013 Cash
------------------------------------------------------
On November 20, 2009, the Chapter 11 trustee for TMST, Inc.,
formerly known as Thornburg Mortgage, Inc., filed on behalf of the
Debtors, except for ADFITECH Inc., a monthly operating report
covering the period from October 1, 2009, through October 31,
2009.  Also on November 20, 2009, ADFITECH filed a monthly
operating report covering the period from October 1, 2009, through
October 31, 2009.

TMST, Inc., et al. ended October with $24,074,013 cash.  The
Debtors posted a net loss of $985,863 for the month.  At
October 31, 2009, the Debtors had $155,268,258 in total assets and
$3,468,195,975 in total liabilities.

A full-text copy of the TMST, Inc.'s October 2009 operating
report is available at no charge at:

               http://researcharchives.com/t/s?4a9c

ADFITECH ended October with $10,816,505 cash.  ADFITECH reported
net income of $263,968 on total operating revenue of $2,766,118
for the period.  At October 31, 2009, ADFITECH had $30,807,613
in total assets and $1,639,994,390 in total liabilities.

A full-text copy of the ADFITECH, Inc.'s October 2009 operating
report is available at no charge at:

               http://researcharchives.com/t/s?4a9d

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: Cash Balance Grows to $314 Million at Oct. 31
--------------------------------------------------------
According to Bill Rochelle at Bloomberg, Tousa Inc. reported a
$11.5 million net loss in October on revenue of $13.3 million.
Cash rose during the month by $1.1 million, leaving a
$313.6 million balance at Oct. 31.

                         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)


TRIPLE CROWN: Earns $92,637 in September 14 to October 31 Period
----------------------------------------------------------------
On November 20, 2009, Triple Crown Media, Inc. filed with the
United States Bankruptcy Court for the District of Delaware its
monthly operating report for the filing period from September 14,
2009, through October 31, 2009.

The Company ended the period with $2,977,264 cash.  The Company
paid $436,426 in professional fees and $13,000 in U.S. Trustee
quarterly fees during the period.

At October 31, 2009, the Company had total assets of $33,566,076
and total liabilities of $81,906,610.

The Company reported net income of $92,637 on net revenue of
$5,540,634 for the reporting period September 14, 2009, through
October 31, 2009.

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

               http://researcharchives.com/t/s?4a9b

                     About Triple Crown Media

Triple Crown Media, Inc., derives revenue from its Newspaper
Publishing operations.  The Company's Newspaper Publishing
operations derive revenue primarily from three sources: retail
advertising, circulation and classified advertising.  TCM's
Newspaper Publishing operations' advertising revenues are
primarily generated from local advertising.  TCM sold its GrayLink
Wireless segment on June 22, 2007.  The Company sold its Host
Collegiate Marketing segment and Host Association Management
Services segment on November 15, 2007.  TCM's sole remaining
operating segment consists of its Newspaper Publishing business.
This consists of the ownership and operation of six daily
newspapers and one weekly newspaper with a total daily circulation
as of June 30, 2008, of approximately 95,200 and a total Sunday
circulation as of June 30, 2008, of approximately 131,850.  Its
newspapers are characterized by their focus on the coverage of
local news and local sports.

Triple Crown Media Inc., together with affiliates, filed for
Chapter 11 on Sept. 14 (Bankr. D. Del. Case No. 09-13181).
Attorneys at Morris, Nichols, Arsht & Tunnel, represent the
Debtors in their restructuring effort.

Triple Crown had assets of $36,431,000 against debts of
$88,296,000 as of March 31, 2009.


TROPICANA ENT: Adamar of NJ Reports $3.38 Mil. Loss for October
---------------------------------------------------------------
                   Adamar of New Jersey, Inc.
                 DBA Tropicana Casino and Resort
                   Consolidated Balance Sheet
                     As of October 31, 2009

                             ASSETS

Current Assets
Cash and cash equivalents                         $71,712,000
Receivables, gaming, hotel and other, net          14,849,000
Inventories                                         2,093,000
Prepaid expenses and other                         11,386,000
Deferred income taxes                               5,189,000
                                                --------------
Total current assets                               105,229,000

Property and equipment, at cost, net               701,104,000

Investments                                         30,350,000
Tenant allowances and other assets                  20,154,000
                                                --------------
TOTAL ASSETS                                      $856,837,000
                                                ==============

             LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities
Accounts payable and accruals                     $24,367,000
Accrued payroll and employee benefits               6,023,000
Current portion of long-term debt                      36,000
Casino reinvestment obligation                        290,000
Advances from TE and other affiliates, net        591,145,000
Advances from NJ affiliates, net                   25,442,000
Other current liabilities                           1,156,000
Liabilities subject to compromise                  18,331,000
                                                --------------
Total current liabilities                          666,790,000

Long-term debt, net of current portion                 176,000
Deferred income taxes                               24,786,000
                                                --------------
Total Liabilities                                  691,752,000

Stockholders' Equity
Common stock, no par value (100 shares                  1,000
   authorized, issued and outstanding)
Paid-in capital                                   283,086,000
Accumulated deficit                              (118,002,000)
                                                --------------
Total shareholders' equity                         165,085,000
                                                --------------
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY          $856,837,000
                                                ==============

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

Revenues
Casino                                            $19,076,000
Rooms                                               2,578,000
Food and beverage                                   1,207,000
Other                                               1,049,000
                                                --------------
Total revenues                                      23,910,000
                                                --------------

Costs and Expenses
Casino                                              9,572,000
Rooms                                               1,112,000
Food and beverage                                   1,173,000
Other                                                 290,000
Marketing                                           4,190,000
General and administrative                          2,092,000
Utilities                                             937,000
Repairs and maintenance                               905,000
Provision for doubtful accounts                        27,000
Property taxes and insurance                        2,504,000
Rent                                                   66,000
Rent to New Jersey affiliate                          403,000
Depreciation and amortization                       3,780,000
Reorganization expense                                198,000
                                                --------------
Total                                               27,249,000

Operating profit                                    (3,339,000)

License denial expense*                                (89,000)
Interest income, net                                    56,000
Interest expense**                                     (13,000)
                                                --------------
Income before income taxes                          (3,385,000)
Income taxes benefit/(provision)                             0
                                                --------------
NET (LOSS)                                         ($3,385,000)
                                                ==============

  * Reclassified $1,100,000 of postpetition (May through August)
    reorganization expense from license denial expense.

  ** Postpetition interest expense due to parent has been
     eliminated.


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

Cash Flows from Operating Activities:
Net loss                                           ($3,385,000)
Adjustments to reconcile net loss to net cash
   (used in)/provided by operating activities:
Depreciation and amortization                       3,780,000
Amortization of CRDA bond discount/interest                 0
Deferred income taxes                                       0
Amortization of deferred rental income                (97,000)
Rent/interest expense amortization                          0
Loss on disposal of property and equipment              8,000
   and other assets
Loss on reinvestment obligation                       144,000
Provision for doubtful accounts                        27,000
Increase in accrued interest to parent                      0
   company
Sales & luxury tax rebates                                  0
Changes in operating assets and liabilities:
(Increase) Decrease in receivables                  1,804,000
(Increase) Decrease in inventories                    (85,000)
Increase (Decrease) in prepaid expenses and        (3,746,000)
   other
Decrease in other assets                              375,000
(Decrease)/Increase in accounts payable,            4,304,000
   accrued expenses and other
                                                --------------
Net cash provided by operating activities            3,129,000
                                                --------------

Cash Flows from Investing Activities:
Proceeds from sale of property and equipment                0
Acquisition of property and equipment                (722,000)
Sales & luxury tax rebates                                  0
Proceeds from reduction in investments                      0
(Additions) Reductions in other long term              (3,000)
   assets
Additions to investments                             (287,000)
                                                --------------
Net cash used in investing activities               (1,012,000)
                                                --------------

Cash Flows from Financing Activities:
Advances from NJ affiliates, net                      404,000
Advances from/(to) affiliates, net                          0
Principal payments on long-term debt                   (6,000)
                                                --------------
Net cash provided by financing activities              398,000
                                                --------------

Net increase in cash                                 2,515,000
Cash and cash equivalents at beginning of           69,197,000
period
                                                --------------
Cash and cash equivalents at end of period         $71,712,000
                                                ==============

                   About Tropicana Entertainment

Tropicana Entertainment LLC and its units owned eleven casino
properties in eight distinct gaming markets with premier
properties in Las Vegas, Nevada, and Atlantic City, New Jersey.

Tropicana Entertainment LLC and certain affiliates filed for
Chapter 11 protection on May 5, 2008 (Bankr. D. Del. Case No. 08-
10856).  Kirkland & Ellis LLP and Mark D. Collins, Esq., at
Richards Layton & Finger, represent the Debtors in their
restructuring efforts.  Their financial advisor is Lazard Ltd.
Their notice, claims, and balloting agent is Kurtzman Carson
Consultants LLC.  Epiq Bankruptcy Solutions LLC is the Debtors'
Web site administration agent.  AlixPartners LLP is the Debtors'
restructuring advisor.  Stroock & Stroock & Lavan LLP and Morris
Nichols Arsht & Tunnell LLP represent the Official Committee of
Unsecured Creditors in this case.  Capstone Advisory Group LLC is
financial advisor to the Creditors' Committee.

The OpCo Debtors, a group of Tropicana entities owning casinos and
resorts in Atlantic City, New Jersey and Evansville, Indiana have
emerged from bankruptcy pursuant to a reorganization plan.  A
group of Tropicana entities, known as the LandCo Debtors, which
own Tropicana casino property in Las Vegas, have emerged from
Chapter 11 via a separate Chapter 11 plan.

On April 29, 2009, non-debtor units of the OpCo Debtors,
designated as the New Jersey Debtors -- Adamar of New Jersey,
Inc., and its affiliate, Manchester Mall, Inc. -- filed for
Chapter 11 (Bankr. D. N.J. Lead Case No. 09- 20711) to effectuate
a sale of the Atlantic City Resort and Casino to a group of
Investors-led by Carl Icahn.   Judge Judith H. Wizmur presides
over the cases.  Manchester Mall is a wholly owned subsidiary of
Adamar that owns and operates certain real property utilized in
the New Jersey Debtors' business operations.

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

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


WORLDSPACE INC: Reports $4.2 Million Net Loss for October
---------------------------------------------------------
According to Bill Rochelle at Bloomberg, WorldSpace Inc. reported
a $4.2 million net loss in October on total revenue of $822,000.
The operating loss was $1.2 million. The operating loss from the
inception of the bankruptcy reorganization is $16.4 million.

WorldSpace posted a consolidated net loss of $519,712 on revenue
of $158,558 for the month of September 2009.

WorldSpace has obtained approval to borrow $4.3 million from
Liberty Satellite Radio LLC.  The loan is intended to be what
WorldSpace calls a "potential bridge to a strategic transaction
with" Liberty.  The new loan requires having a contract for the
sale of the business by Oct. 30, when the loan will expire by its
terms.  WorldSpace says that completing a transaction with Liberty
represents the "only hope of confirming a plan and making
distributions to creditors."

Liberty purchased the existing debtor-in-possession loan in early
September.

WorldSpace, Inc. (WRSPQ.PK) -- http://www.1worldspace.com/--
provides satellite-based radio and data broadcasting services to
paying subscribers in 10 countries throughout Europe, India, the
Middle East, and Africa.  1worldspace(TM) satellites cover two-
thirds of the earth and enable the Company to offer a wide range
of services for enterprises and governments globally, including
distance learning, alert delivery, data delivery, and disaster
readiness and response systems.  1worldspace(TM) is a pioneer of
satellite-based digital radio services.

The Debtors and their affiliates operate two geostationary
satellites, AfriStar and Asia Star, which are in orbit over Africa
and Asia.  The Debtor and two of its affiliates filed for Chapter
11 bankruptcy protection on October 17, 2008 (Bankr. D. Del., Case
No. 08-12412 - 08-12414).  James E. O'Neill, Esq., Laura Davis
Jones, Esq., and Timothy P. Cairns, Esq., at Pachulski Stang Ziehl
& Jones, LLP, represent the Debtors as counsel.  Neil Raymond
Lapinski, Esq., and Rafael Xavier Zahralddin-Aravena, Esq., at
Elliot Greenleaf, represent the Official Committee of Unsecured
Creditors.  When the Debtors filed for bankruptcy, they listed
total assets of $307,382,000 and total debts of $2,122,904,000.



                           *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
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is compiled on the Friday prior to publication.  Prices reported
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Each Tuesday edition of the TCR contains a list of companies with
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The Sunday TCR delivers securitization rating news from the week
then-ending.

For copies of court documents filed in the District of Delaware,
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bankruptcy documents filed in cases pending outside the District
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                           *********

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

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Howard
C. Tolentino, 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.

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