TCR_Public/100130.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, January 30, 2010, Vol. 14, No. 29

                            Headlines



ACCENTIA BIOPHARMA: Files December 2009 Operating Report
ACCENTIA BIOPHARMA: Biovest Int'l Files December Operating Report
ASYST TECHNOLOGIES: Posts $145,463 Net Loss in December
BANKUNITED FINANCIAL: Posts $1,007,175 Net Loss in December
BH S&B Holdings: Earns $950,073 in December

CAPITAL CORP: Reports $8,793,701 Net Income in December
CAPMARK FINANCIAL: Records $93,244,000 Net Income for October
CAPMARK FINANCIAL: Records $21,338,000 Net Income for November
CARITAS HEALTH: Posts $1,496,633 Net Loss in December
CIRCUIT CITY: Records $17,133,000 Net Loss for November

EXTENDED STAY: Reports $1.18 Bil. Net Loss for December
FLEETWOOD ENTERPRISES: Posts $7.1MM Net Loss From Nov. 23-Dec. 20
FONTAINEBLEAU LV: Disbursements Now Reach $220 Mil. Since Filing
GOTTSCHALKS INC: Posts $2,335,000 Net Loss from Nov. 29 to Jan. 2
GUARANTY FINANCIAL: Posts $113,359 Net Loss in December

LTV CORP: Ends December 2009 With $9,605,000 Cash
MERUELO MADDUX: Posts $2,977,306 Net Loss in December
MERUELO MADDUX: 845 S Flower Reports $7,111 Net Income in December
METALDYNE CORP: Posts $219.6MM Net Loss in Oct.16-Nov.29 Period
NEUMANN HOMES: Has $1.99MM Balance at End of November

NEUMANN HOMES: Has $2.24MM Balance at End of December
OPUS SOUTH: Records $375,219 Net Loss for December
OPUS WEST: Records $4,324,561 Profit for December
PFF BANCORP: Posts $101,994 Net Loss in December
PRECISION PARTS: Reports $7,236 Net Income in October

REFCO INC: Refco LLC Has $47,498,000 at End of November
REUNION INDUSTRIES: Posts $193,000 Net Loss in November
SHARPER IMAGE: Ends December With $3,967,518 Cash
STATION CASINOS: Records $3,333,000 Loss for November
THORNBURG MORTGAGE: Ends December With $23,937,065 Cash

TOUSA INC: Records $85.5 Million Income for December
TROPICANA ENT: Adamar of NJ Reports $4.29MM Loss for December
TRUMP ENTERTAINMENT: Posts $13.6 Million Net Loss in December
VINEYARD NATIONAL: Posts $81,308 Net Loss in December



                            *********



ACCENTIA BIOPHARMA: Files December 2009 Operating Report
--------------------------------------------------------
On January 20, 2010, Accentia BioPharmaceuticals, Inc., and
certain of its affiliates filed their unaudited combined monthly
operating report for the period December 1, 2009, through
December 31, 2009, with the United States Bankruptcy Court for
the Middle District of Florida, Tampa Division.

Their schedule of receipts and disbursements for December 2009,
showed:

    Funds at beginning of period             $4,521
    Total Receipts                         $266,393
    Total Funds Available for Operations   $270,914
    Total Disbursements                    $271,191
    Funds at December 31, 2009                ($277)

A full-text copy of the Debtors' monthly operating report for
December 2009 is available at no charge at:

               http://researcharchives.com/t/s?4e6a

Headquartered in Tampa, Florida, Accentia BioPharmaceuticals Inc.
(Nasdaq: ABPI) -- http://www.accentia.net/-- is biopharmaceutical
company focused on the development and commercialization of drug
candidates that are in late-stage clinical development and
typically are based on active pharmaceutical ingredients that have
been previously approved by the FDA for other indications.  The
Company's lead product candidate is SinuNase(TM), a novel
application and formulation of a known therapeutic to treat
chronic rhinosinusitis.

The Company has acquired the majority ownership interest in
Biovest International Inc. and a royalty interest in Biovest's
lead drug candidate, BiovaxID(TM) and any other biologic products
developed by Biovest.  The Company also has a specialty
pharmaceutical business, which markets products focused on
respiratory disease and an analytical consulting business that
serves customers in the biopharmaceutical industry.

Accentia BioPharmaceuticals and nine affiliates filed for Chapter
11 protection on November 10, 2008 (Bankr. M.D. Fla., Lead Case
No. 08-17795).  Charles A. Postler, Esq., and Elena P. Ketchum,
Esq., at Stichter, Riedel, Blain & Prosser, in Tampa, Florida; and
Jonathan B. Sbar, Esq., at Rocke, McLean & Sbar, P.A., represent
the Debtors as counsel.  Attorneys at Olshan Grundman Frome
Rosenzweig, and Genovese Joblove & Battista PA, represent the
official committee of unsecured creditors.  The Debtors said
assets totalled $134,919,728 while debts were $77,627,355 as of
June 30, 2008.


ACCENTIA BIOPHARMA: Biovest Int'l Files December Operating Report
-----------------------------------------------------------------
Biovest International Inc. and certain of its debtor-affiliates
filed with the U.S. Bankruptcy Court for the Middle District of
Florida, Tampa Division on January 20, 2010, their unaudited
combined monthly operating report for the period December 1, 2009,
through December 31, 2009.

Their schedule of receipts and disbursements for December 2009
showed:

  Funds at beginning of period               $6,516
  Total Receipts                         $1,730,229
  Total Funds Available for Operations   $1,736,745
  Total Disbursements                      $794,645
  Funds at December 31, 2009               $942,100

A full-text copy of Biovest International Inc. and its debtor-
affiliates' monthly operating report for December 2009 is
available for free at http://researcharchives.com/t/s?4e6b

Headquartered in Tampa, Florida, Accentia BioPharmaceuticals Inc.
(Nasdaq: ABPI) -- http://www.accentia.net/-- is biopharmaceutical
company focused on the development and commercialization of drug
candidates that are in late-stage clinical development and
typically are based on active pharmaceutical ingredients that have
been previously approved by the FDA for other indications.  The
Company's lead product candidate is SinuNase(TM), a novel
application and formulation of a known therapeutic to treat
chronic rhinosinusitis.

The Company has acquired the majority ownership interest in
Biovest International Inc. and a royalty interest in Biovest's
lead drug candidate, BiovaxID(TM) and any other biologic products
developed by Biovest.  The Company also has a specialty
pharmaceutical business, which markets products focused on
respiratory disease and an analytical consulting business that
serves customers in the biopharmaceutical industry.

Accentia BioPharmaceuticals and nine affiliates filed for Chapter
11 protection on November 10, 2008 (Bankr. M.D. Fla., Lead Case
No. 08-17795).  Charles A. Postler, Esq., and Elena P. Ketchum,
Esq., at Stichter, Riedel, Blain & Prosser, in Tampa, Florida; and
Jonathan B. Sbar, Esq., at Rocke, McLean & Sbar, P.A., represent
the Debtors as counsel.  Attorneys at Olshan Grundman Frome
Rosenzweig, and Genovese Joblove & Battista PA, represent the
official committee of unsecured creditors.  The Debtors said
assets totalled $134,919,728 while debts were $77,627,355 as of
June 30, 2008.


ASYST TECHNOLOGIES: Posts $145,463 Net Loss in December
-------------------------------------------------------
Asyst Technologies, Inc., on January 20, 2010, filed with the
United States Bankruptcy Court for the Northern District of
California in Oakland a monthly operating report for the period
ended December 31, 2009.

As of September 1, 2009, the Company concluded the sale of all
U.S. assets related to Fab Automation, Connectivity Software and
AMHS.  The Company has ceased all commerical business operations
effective September 1, 2009.

Asyst posted a net loss of $145,463 for the month of December
2009.

Asyst has incurred a net loss of $48,954,977 since filing for
bankruptcy.

At December 31, 2009, Asyst had $18,116,849 in total assets,
$9,384,355 in total liabilities, and $8,732,493 in total equity.

During December, payments of $242,367 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?4e98

                     About Asyst Technologies

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.


BANKUNITED FINANCIAL: Posts $1,007,175 Net Loss in December
-----------------------------------------------------------
On January 19, 2010, BankUnited Financial Corporation filed its
monthly operating report for the period from December 1, 2009,
through December 31, 2009, with the United States Bankruptcy Court
for the Southern District of Florida.

Funds at December 31, 2009, were $15,752,967.

BankUnited Financial Corporation, et al., reported a net loss of
$1,007,175 for the period.  At December 31, 2009, BankUnited
Financial Corporation, et al., had $45,303,937 in total assets and
$576,827,103 in total liabilities.

The December monthly operating report is available at no charge
at http://researcharchives.com/t/s?4e9a

                    About BankUnited Financial

BankUnited Financial Corp. (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.

Wilmington Trust Co., U.S. Bank, N.A., and the Bank of New York
were listed among the company's largest unsecured creditors in
their roles as trustees for security issues.  BankUnited estimated
the Bank of New York claim tied to convertible securities at
$184 million.  U.S. Bank and Wilmington Trust are owed
$120,000,000 and $118,171,000 on account of senior notes.


BH S&B Holdings: Earns $950,073 in December
-------------------------------------------
BH S&B Holdings LLC filed with U.S. Bankruptcy Court for the
Southern District of New York on January 25, 2010, a monthly
operating report for the month of December 2009.

The Company reported net income of $950,073 in December.

At Deceber 31, 2009, the Debtor had $10,384,053 in total assets
and $144,207,820 in total liabilities.

The Company ended December with $3,912,724 in unrestricted cash
and cash equivalents.  The Company paid a total of $321,422 in
professional fees in December.

A copy of the Debtor' monthly operating report for the month of
November 2009 is available at:

         http://bankrupt.com/misc/bhs&b.decembermor.pdf

BH S&B Holdings LLC filed for bankruptcy protection together with
seven other affiliates on November 19, 2008 (Bankr. S.D.N.Y. Lead
Case No. 08-14604).  The seven debtor-affiliates are BH S&B
Distribution LLC, BH S&B Lico LLC, BH S&B Retail LLC, BHY S&B
Intermediate Holdco LLC, Cubicle Licensing LLC, Fashion Plate
Licensing LLC, and Heritage Licensing LLC.

BH S&B was formed by investment firms Bay Harbour Management and
York Capital Management in August 2008 to acquire the business
operations and assets of bankrupt retailer Steve & Barry's for
$163 million in August 2008.  Steve & Barry's had 240 locations
when it was bought and the new owners had planned to cut that down
to 173 stores.  Due to disappointing sales, Steve & Barry's
returned to bankruptcy in November 2008.

BH S&B and its affiliates' Chapter 11 cases are presided over by
the Honorable Martin Glenn.  Joel H. Levitin, Esq., and Richard A.
Stieglitz, Jr., Esq., at Cahill Gordon & Reindel LLP, in New York,
serve as bankruptcy counsel to BH S&B and its affiliates.  RAS
Management Advisors LLC acts as restructuring advisors, and
Kurtzman Carson Consultants LLC as claims and notice agent.


CAPITAL CORP: Reports $8,793,701 Net Income in December
-------------------------------------------------------
Capital Corp of the West filed its monthly report of operations
for the month ended December 31, 2009, on January 14, 2010, with
the United States Bankruptcy Court for the Eastern District of
California, Fresno Division.

For the month of December, Capital Corp recorded net income of
$8,793,701 on total income consisting entirely of IRS Tax Refunds
of $8,850,454.

As of December 31, 2009, the Company had $15,563,822 in total
assets and $64,926,439 in total liabilities, resulting in a
$49,362,616 stockholders' deficit.

The Company ended the period with $15,577,860 in cash.

A full-text copy of Capital Corp's December operating report is
available at no charge at http://researcharchives.com/t/s?4e6e

Incorporated on April 26, 2005, Capital Corp of the West is a bank
holding company whose primary asset and source of income is County
Bank.  County Bank is a community bank with operations located
mainly in the San Joaquin Valley of Central California with
additional business banking operations in the San Francisco Bay
Area.  The corporate headquarters of the Company and the Bank's
main branch facility are located at 550 West Main Street, Merced,
California.

County Bank was closed February 6, 2009, by the California
Department of Financial Institutions, which appointed the Federal
Deposit Insurance Corporation as receiver.  To protect the
depositors, the FDIC entered into a purchase and assumption
agreement with Westamerica Bank, based in San Rafael, California,
to assume all of the deposits of County Bank.  As of February 2,
2009, County Bank had total assets of approximately $1.7 billion
and total deposits of $1.3 billion.  In addition to assuming all
of the failed bank's deposits, including those from brokers,
Westamerica Bank agreed to purchase all of County Bank's assets.

According to Capital Corp, although County Bank made no "subprime
mortgages," it had made substantial loans to developers for
acquisition, development and construction of residential homes and
condominiums throughout California's Central Valley.  Overbuilding
and an increase in foreclosures in the market resulted in rapidly
declining real property values, and contributed to the rise in
nonperforming loans.

Capital Corp of the West filed for bankruptcy on May 11, 2009
(Bankr. E.D. Calif. Case No. 09-14298).  Judge W. Richard Lee
presides over the case.  Paul J. Pascuzzi, Esq., at Felderstein
Fitzgerald Willoughby & Pascuzzi, serves as the Debtor's
bankruptcy counsel.  Hagop T. Bedoyan, Esq., serves as counsel to
the official committee of unsecured creditors.  As of June 30,
2009, Capital Corp of the West had $6,684,645 in total assets and
$57,734,000 in total liabilities.  In its Chapter 11 petition, the
Company disclosed $6,789,058 in total assets and $68,096,190 in
total debts.


CAPMARK FINANCIAL: Records $93,244,000 Net Income for October
-------------------------------------------------------------
                  Capmark Financial Group Inc.
               Consolidated Debtor Balance Sheet
                    As of October 31, 2009

ASSETS
Cash & Cash Equivalents                          $528,905,000
Restricted cash                                   343,531,000
Accounts and other receivables                    188,940,000
Receivables from Debtor subsidiaries                        0
Receivables from Capmark Bank                       1,403,000
Receivables from other non-debtor units         2,348,706,000
Investment securities:
   Trading                                          14,037,000
   Available for sale                              594,778,000
Loans held for sale                               919,385,000
Loans held for investment, net                  1,003,191,000
Real estate investments                           372,685,000
Equity Investments                                895,739,000
Mortgage servicing rights                         386,600,000
Current taxes receivable                            7,639,000
Intangible assets                                   6,582,000
Other assets                                      290,389,000
Investment in Capmark Bank                      1,691,019,000
Investment in other non-debtor units              233,880,000
                                                --------------
Total assets                                   $9,827,409,000
                                                ==============

Liabilities and Equity
Liabilities:
Liabilities not subject to compromise
Long-term borrowings                           $2,024,616,000
Payables to debtor subsidiaries                             0
Payables to other nondebtor units                           0
Other liabilities                                 225,966,000
Current taxes payable                               1,991,000
                                                --------------
Total liabilities not subject to compromise      2,252,573,000

Liabilities subject to compromise
Debt                                            6,758,153,000
Payables to debtor subsidiaries                             0
Payables to other non-debtor units                671,467,000
Real estate syndication proceeds                1,068,591,000
Other liabilities                                 557,994,000
                                                --------------
Total liabilities subject to compromise          9,056,205,000
                                                --------------
Total liabilities                               11,308,778,000
Commitments and Contingent Liabilities
Mezzanine Equity                                    71,502,000
Equity:
Total stockholders equity                      (1,593,759,000)
Noncontrolling interests                           40,888,000
                                                --------------
Total equity                                    (1,552,871,000)
                                                --------------
Total liabilities and equity                    $9,827,409,000
                                                ==============

                 Capmark Financial Group Inc.
          Consolidated Debtor Statement of Operations
              For the Period Ended October 31, 2009

Net Interest Income
Interest income                                     $3,631,000
Interest expense                                     3,338,000
                                                --------------
Net interest Income                                    293,000
Provision for loan losses                                    0
                                                --------------
Net interest income after provision for loan losses    293,000

Noninterest income
Net gains (losses)
Net (losses) gains on loans                         1,564,000
Net (losses) gains on investment and real estate      218,000
Other gains, net                                   (2,816,000)
Mortgage servicing fees                              2,618,000
Placement fees                                         444,000
Investment banking fees and syndication income         426,000
Asset management fees                                  196,000
Other fees                                             (94,000)
Equity in income (loss) of joint ventures           (6,457,000)
Net real estate investment & other income              522,000
                                                --------------
Total noninterest income                            (3,379,000)
                                                --------------
Net revenue                                          3,086,000
                                                --------------
Noninterest expense
Compensation and benefits                            4,103,000
Amortization and impairment of mortgage servicing      (57,000)
Occupancy and equipment                                676,000
Professional fees                                      659,000
Other expenses                                       2,475,000
Reorganization Items                               (94,497,000)
                                                --------------
Total noninterest income                           (86,641,000)
                                                --------------
Loss before income tax provision                    83,555,000
Income tax provision                                         0
                                                --------------
Income before equity in net earnings of
subsidiaries                                        83,555,000
Equity in net earnings of debtor subsidiaries                0
Equity in net earnings of Capmark Bank               3,241,000
Equity in net earnings of other non-debtor units     5,855,000
                                                --------------
Net income (loss)                                   92,651,000
Plus: Net loss attributable to
     noncontrolling interests                         593,000
                                                --------------
Net income (loss) attributable to Capmark
Financial Group Inc.                               $93,244,000
                                                ==============

                  Capmark Financial Group Inc.
           Schedule of Cash Receipts and Disbursements
        For the Period From October 25 to October 31, 2009

Receipts
Loans held for sale                                $41,820,307
Servicing advances                                  13,638,947
Accounts and other receivables                       3,918,871
Mortgage servicing fees                              1,950,038
Intercompany-debtor entities                         4,018,229
Intercompany-non-debtor entities                         9,509
Interest income                                        686,772
Other fee income                                       189,265
Other gains/losses                                      81,926
Net gains on investment securities                      79,068
Placement fees                                          43,190
Loans held for investment                               41,924
Other assets                                            32,595
Travel and entertainment                                 8,362
Income tax refund                                        3,972
Investment securities available for sale             2,751,581
NMTC servicer                                           95,565
NMTC third party payable                                29,069
Other receipts                                       1,785,326
                                                --------------
                                                    71,184,514
                                                --------------
Disbursements
Loans held for sale                                (37,274,572)
Servicing advances                                  (8,199,717)
Compensation and benefits                           (3,943,073)
Intercompany-debtor entities                        (4,018,229)
Intercompany-non-debtor entities                        (4,799)
Accounts payable and other liabilities              (1,459,711)
Mortgage servicing fees                               (828,403)
Interest expense                                      (552,438)
Loans held for investment, net                         (12,818)
Professional fees                                       (1,289)
Other disbursements                                 (1,769,002)
                                                --------------
Total disbursements                                (58,064,052)
                                                --------------
Net Cash Movement                                  $13,120,462
                                                ==============

                     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 Freres & 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)


CAPMARK FINANCIAL: Records $21,338,000 Net Income for November
--------------------------------------------------------------
                 Capmark Financial Group Inc.
             Consolidated Debtor Balance Sheet
                  As of November 30, 2009

ASSETS
Cash & Cash Equivalents                          $484,349,000
Restricted cash                                   367,514,000
Accounts and other receivables                    241,748,000
Receivables from Debtor subsidiaries                        0
Receivables from Capmark Bank                       2,054,000
Receivables from other non-debtor               2,350,618,000
Investment securities:
   Trading                                          14,089,000
   Available for sale                              585,573,000
Loans held for sale                               906,505,000
Loans held for investment, net                  1,002,193,000
Real estate investments                           372,685,000
Equity Investments                                882,704,000
Mortgage servicing rights                         387,437,000
Current taxes receivable                            7,769,000
Intangible assets                                   6,246,000
Other assets                                      290,070,000
Investment in Capmark Bank                      1,697,556,000
Investment in other non-debtor units              284,593,000
                                                --------------
Total assets                                   $9,883,703,000
                                                ==============

Liabilities and Equity
Liabilities:
Liabilities not subject to compromise
Long-term borrowings                           $2,024,443,000
Payables to debtor subsidiaries                             0
Payables to other nondebtor units                     257,000
Other liabilities                                 236,161,000
Current taxes payable                               2,393,000
                                                --------------
Total liabilities not subject to compromise      2,263,254,000

Liabilities subject to compromise
Debt                                            6,758,153,000
Payables to debtor subsidiaries                             0
Payables to other non-debtor units                671,467,000
Real estate syndication proceeds                1,051,547,000
Other liabilities                                 556,270,000
                                               --------------
Total liabilities subject to compromise          9,037,437,000
                                                --------------
Total liabilities                               11,300,691,000
Commitments and Contingent Liabilities
Mezzanine Equity                                    71,502,000
Equity:
Total stockholders' equity                     (1,528,527,000)
Noncontrolling interests                           40,037,000
                                                --------------
Total equity                                    (1,488,490,000)
                                                --------------
Total liabilities and equity                    $9,883,703,000
                                                ==============

                 Capmark Financial Group Inc.
        Consolidated Debtor Statement of Operations
          For the Period Ended November 30, 2009

Net Interest Income
Interest income                                    $12,419,000
Interest expense                                    11,215,000
                                                --------------
Net interest Income                                  1,204,000
Provision for loan losses                               57,000
                                                --------------
Net interest income after provision                  1,147,000

Noninterest income
Net gains (losses)
Net (losses) gains on loans                         2,145,000
Net (losses) gains on investment                    1,374,000
Other gains, net                                    6,441,000
Mortgage servicing fees                             10,442,000
Placement fees                                       2,081,000
Investment banking fees and syndication              1,146,000
Asset management fees                                2,599,000
Other fees                                             247,000
Equity in income (loss) of joint ventures              171,000
Net real estate investment & other income            4,571,000
                                                --------------
Total noninterest income                            31,217,000
                                                --------------
Net revenue                                         32,364,000
                                                --------------
Noninterest expense
Compensation and benefits                           12,198,000
Amortization and impairment                            561,000
Occupancy and equipment                              4,359,000
Professional fees                                    1,615,000
Other expenses                                       3,485,000
Reorganization Items                                         0
                                                --------------
Total noninterest income                            22,218,000
                                                --------------
Loss before income tax provision                    10,146,000
Income tax provision                                   405,000
                                                --------------
Income before equity in net earnings of
subsidiaries                                         9,741,000
Equity in net earnings of subsidiaries                       0
Equity in net earnings of Capmark Bank               6,531,000
Equity in net earnings of other non-debtor units     2,422,000
                                                --------------
Net income (loss)                                   18,694,000
Plus: Net loss attributable to
     noncontrolling interests                        2,644,000
                                                --------------
Net income (loss) attributable to Capmark
Financial Group Inc.                               $21,338,000
                                                ==============

                 Capmark Financial Group Inc.
               Schedule of Cash and Disbursements
                For Month Ended November 30, 2009

Receipts
Loans held for sale                               $141,978,936
Servicing advances                                 135,204,378
Mortgage servicing fees                             13,922,740
Accounts and other receivables                      13,767,000
Intercompany-debtor entities                        28,062,780
Intercompany-non-debtor entities                     1,118,381
Interest income                                      1,309,223
Other assets                                           750,769
Placement fees                                         712,477
Other fee income                                       570,830
Loans held for investment                              942,600
Other gains/losses                                     260,124
Net gains on mortgage loans                            208,790
Occupancy and equipment                                 60,362
Asset management fees                                   51,760
Travel and entertainment                                19,730
Income tax refunds                                     262,962
Investment in securities available for sale          4,333,391
NMTC servicer                                           50,149
NMTC third party payable                                21,710
Other receipts                                      11,532,752
                                                --------------
                                                   355,141,844
                                                --------------

Disbursements
Servicing advances                                (186,726,141)
Loans held for sale                               (128,048,596)
Intercompany-debtor entities                       (28,173,561)
Intercompany-non-debtor entities                    (2,314,797)
Accounts payable and other liabilities              (9,061,260)
Compensation and benefits                           (8,298,555)
Mortgage servicing fees                             (3,349,365)
Equity investments                                  (1,764,711)
Occupancy and equipment                             (1,405,451)
Other assets                                          (954,684)
Professional fees                                     (791,739)
Interest expense                                      (550,910)
Data processing and telecommunications                (269,588)
Loans held for investment                             (213,201)
Travel and entertainment                               (18,001)
Debt-not subject to compromise                        (172,458)
Debt interest payable not subject to comp             (627,056)
NMTC servicer                                         (145,714)
Other disbursements                                 (3,354,589)
                                                --------------
Total disbursements                               (376,240,378)
                                                --------------
Net Cash Movement                                 ($21,098,534)
                                                ==============

                     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 Freres & 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)


CARITAS HEALTH: Posts $1,496,633 Net Loss in December
-----------------------------------------------------
On January 20, 2010, Carital Health Care, Inc., filed a monthly
operating report for the filing period ended December 31, 2009,
with the U.S. Bankruptcy Court for the Eastern District of New
York.

The Company reported a net loss of $1,496,633 for the month ended
December 31, 2009.

At December 31, 2009, the Company had $39,956,282 in total assets
and $169,187,278 in total liabilities.

A full-text copy of Caritas Health's operating report for the
month ended December 31, 2009, is available for free at:

      http://bankrupt.com/misc/caritashealth.decembermor.pdf

                     About Caritas Health Care

Caritas Health Care Inc. is the owner of Mary Immaculate Hospital
and St. John's Queens Hospital.  Caritas, created by Wyckoff
Heights Medical Center, purchased the two hospitals in a
bankruptcy sale in early 2007 from St. Vincent Catholic Medical
Centers of New York.  St. John's has 227 generate acute-care beds
while Mary Immaculate has 189.

Caritas Health Care and eight of its affiliates filed for
Chapter 11 on Feb. 6, 2009 (Bankr. E.D.N.Y., Lead Case No. 09-
40901).  Jeffrey W. Levitan, Esq., and Adam T. Berkowitz, Esq., at
Proskauer Rose, LLP, represent the Debtors in their restructuring
effort.  Martin G. Bunin, Esq., and Craig E. Freeman, Esq., at
Alston & Bird LLP, represent the official committee of unsecured
creditors.  Caritas in its bankruptcy petition estimated assets of
$50 million to $100 million, and debts of $100 million to
$500 million.


CIRCUIT CITY: Records $17,133,000 Net Loss for November
-------------------------------------------------------
               Circuit City Stores, Inc., et al.
                         Balance Sheet
                     As of November 30, 2009

                             ASSETS

Current Assets
Cash and cash equivalents                        $330,403,000
Restricted cash                                    13,281,000
Short-term investments                              1,048,000
Accounts receivable, net                          354,896,000
Income tax receivable                              74,762,000
Prepaid expenses and other current assets           6,376,000
Intercompany receivables and investments           85,185,000
   in subsidiaries
                                                --------------
Total Current Assets                               865,951,000

Property and Equipment                               6,871,000
Accumulated depreciation                            (3,428,000)
                                                --------------
Net Property and Equipment                          3,443,000

Other Assets                                        12,589,000
                                                --------------
TOTAL ASSETS                                      $881,983,000
                                                ==============

              LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
Merchandise payable                              $176,735,000
Expenses payable                                   19,674,000
Accrued expenses and other current                 32,745,000
   liabilities
Intercompany payables                                 607,000
                                                --------------
Total Current Liabilities                          229,761,000

Deferred income taxes                                7,084,000
Other Liabilities                                            0
                                                --------------
Liabilities Not Subject to Compromise              236,845,000

Liabilities Subject to Compromise                1,388,807,000
                                                --------------
Total Liabilities                                1,625,652,000

Stockholders' Equity
Common stock                                      435,612,000
Additional paid-in capital                        304,915,000
Retained deficit                               (1,474,837,000)
Accumulated other comprehensive income             (9,359,000)
                                                --------------
Total Stockholders' Equity                        (743,669,000)
                                                --------------
Total Liabilities & Shareholders' Deficit         $881,983,000
                                                ==============

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

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

Selling, general and administrative expenses         3,597,000
(net gain)
Asset impairment charges                                     0
                                                --------------
Operating loss                                      (3,597,000)

Interest income                                              0
Interest expense                                             0
                                                --------------
Loss before reorganization items, GAAP              (3,597,000)
reversals and income taxes

Net loss from reorganization items                 (13,536,000)
Net gain from GAAP reversals                                 0
Income tax expense                                           0
                                                --------------
NET LOSS                                          ($17,133,000)
                                                ==============

                        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).


EXTENDED STAY: Reports $1.18 Bil. Net Loss for December
-------------------------------------------------------
                   Extended Stay Inc., et al.
                     Combined Balance Sheet
                    As of December 31, 2009

ASSETS
Current assets
Cash and cash equivalents, unrestricted             $1,508,000
Debtor in possession cash account                   62,575,000
Cash management account, including
   deposits in transit                               10,113,000
Accounts receivable-net of allowance
   for doubtful accounts                             12,511,000
Restricted cash, escrows and reserves                        -
Other current assets                                26,970,000
Investment in derivative instruments, at
   fair value                                                 -
Due from insiders - non-debtor affiliates                    -
                                                 --------------
Total current assets                                113,677,000

Property and equipment, net of
accumulated depreciation                         6,346,712,000
Land available for sale                               1,100,000
Deferred financing costs, net of
accumulated amortization                            15,460,000
Trademarks                                           13,200,000
License of trademarks, net of
accumulated amortization                             8,264,000
Under market trademark licenses,
net of accumulated amortization                     11,490,000
Intangible assets, net of accumulated amortization   16,941,000
Other assets                                          7,245,000
                                                 --------------
Total assets                                     $6,534,089,000
                                                 ==============

LIABILITIES AND SHAREHOLDERS/MEMBERS' (DEFICIT) EQUITY
Liabilities not subject to compromise
Current liabilities
Accounts payable                                      $357,000
Accrued occupancy taxes payable                      3,451,000
Accrued state franchise tax                          1,132,000
Accrued sales and use taxes payable                  4,450,000
Accrued property & general liability
   insurance reserves                                 4,001,000
Accrued utilities                                    5,969,000
Other property accruals                              2,628,000
Deferred revenue                                     8,992,000
General and administrative accruals                  1,480,000
Accrued professional fees                            6,783,000
Accrued professional fees - YE GAAP accrual estimate 2,900,000
Accrued real estate taxes                           25,752,000
Accrued interest payable                             9,885,000
Income taxes payable - state                           703,000
Advance from insider, including accrued interest
   of $1,414, at December 31, 2009                    7,914,000
Due to insiders - non-debtor affiliates             31,561,000
                                                 --------------
Total current liabilities                           117,958,000

Other liabilities                                     4,782,000
Deferred income tax liability - noncurrent        1,100,575,000
                                                 --------------
Total liabilities not subject to compromise       1,223,315,000

Liabilities subject to compromise
Accounts payable                                       578,000
Accrued interest payable                             9,577,000
Mortgages payable                                4,108,349,000
Mezzanine loans                                  3,295,456,000
Subordinated notes, net of discount                  7,408,000
                                                --------------
Total liabilities subject to compromise           7,421,368,000

Shareholders'/Members' (deficit) equity
Additional paid in capital                         573,141,000
Retained deficit - pre-petition                 (1,369,013,000)
Retained deficit - post-petition                (1,314,722,000)
                                                 --------------
Total shareholders'/members' (deficit) equity    (2,110,594,000)
                                                 --------------
Total liabilities and shareholders'/members'
  (deficit equity)                               $6,534,089,000
                                                 ==============

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

Revenues
Room revenues                                      $57,289,000
Other property revenues                              1,292,000
                                                 --------------
Total revenues                                       58,581,000

Operating expenses
Property operating expenses                         36,025,000
Corporate operating expenses                           549,000
Officer/Insider Compensation                                 -
Trademark license fees expense                          62,000
Management fees and G&A reimbursement expense        4,416,000
Depreciation and amortization                       31,161,000
Loss on disposition of property and equipment          355,000
Impairment of property and equipment                21,751,000
Impairment of intangibles/allowances                15,367,000
                                                 --------------
Total operating expenses                            109,686,000

Other income                                                  -
                                                 --------------
Operating loss                                      (51,105,000)

Interest expense                                    (18,551,000)
Loss on investments in debt securities &
interest rate caps                                           -
Interest income                                           1,000
Tax expense - current                                  (703,000)
Tax expense - deferred                           (1,100,575,000)
                                                 --------------
Net loss before reorganization items             (1,170,933,000)

Reorganization items
Professional fees                                    2,424,000
Professional fees - YE GAAP accrual estimate         2,900,000
U.S. Trustee quarterly fees                             49,000
Interest earned on accumulated cash
   from Chapter 11                                            -
                                                 --------------
Total reorganization items                            5,373,000
                                                 --------------
Net loss                                        ($1,176,306,000)
                                                 ==============

The Debtors reported $64,051,842 in total cash receipts and
$66,249,598 in total disbursements for December 2009.

                        About Extended Stay

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

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

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

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


FLEETWOOD ENTERPRISES: Posts $7.1MM Net Loss From Nov. 23-Dec. 20
-----------------------------------------------------------------
Fleetwood Enterprises, Inc. and certain of its direct and indirect
subsidiaries filed on January 20, 2010, its monthly operating
report for the period beginning on November 23, 2009, through
December 20, 2009, with the United States Trustee for the Central
District of California, Riverside Division.

Fleetwood posted a net loss of $7,065,960 in the November-December
period.

As of December 20, 2009, the Company had total assets of
$175,957,000 and total liabilities of $362,938.  The balance
sheet includes non-debtors.  The most significant is Gibraltar the
captive insurance company with assets of $24.6 million and
liabilities of $21.4 million.

As of December 20, 2009, Fleetwood Enterprises had $61,502,529
cash in the general account.

   Beginning balance                     $62,376,454
   Receipts                               $4,255,078
   Disbursements                          $5,129,003
   Ending Balance                        $61,502,529

A full-text copy of the November-December monthly operating report
is available at no charge at http://researcharchives.com/t/s?4e94

Based in Riverside, California, Fleetwood was the second largest
manufactured housing makers in the U.S. and the largest
manufacturer of recreational vehicles over 30 feet in length.

Fleetwood Enterprises listed assets of $560 million against debt
totaling $624 million in its bankruptcy petition.  Fleetwood
Enterprises, together with 19 of affiliates, filed for Chapter 11
protection on March 10, 2009 (Bankr. C. D. Calif. Lead Case No.
09-14254).  Craig Millet, Esq., and Solmaz Kraus, Esq., at Gibson,
Dunn & Crutcher LLP, represent the Debtors in their restructuring
efforts.  FTI Consulting Inc. is the financial advisors to the
Debtors.  The Debtors tapped Greenhill & Co. LLC as its investment
banker.

Fleetwood sold its RV business in June 2009 for $53 million to
private-equity investor American Industrial Partners and was
authorized in August to sell the manufactured housing operations
for $26.6 million in cash to Cavco Industries Inc.


FONTAINEBLEAU LV: Disbursements Now Reach $220 Mil. Since Filing
----------------------------------------------------------------
                 FONTAINEBLEAU LAS VEGAS, LLC
           Schedule of Receipts and Disbursements
         For The Period From December 1 to 31, 2009

                                                  Cumulative
                                                  to the
                                   As of          Petition
                                   Dec. 2009      Date
                                  -------------  --------------
Funds At Beginning Period          $159,300,184    $191,916,782
                                  -------------   -------------
Receipts
(a) Cash Sales                               0               0
     Minus: Cash Refunds                      0               0
     Net Cash Sales                           0               0
(b) Accounts Receivable                      0               0
(c) Other Receipts                  28,265,912      35,846,596
                                  -------------   -------------
Total Receipts                       28,265,912      35,846,596
                                  -------------   -------------
Total Funds Available For           187,566,097     227,763,378
Operations                        -------------   -------------

Disbursement
(a) Advertising                              0               0
(b) Bank Charges                           600          19,491
(c) Contract Labor                           0       1,550,315
(d) Fixed Asset Payments                     0       3,863,877
(e) Insurance                                0       1,151,915
(f) Inventory                                0               0
(g) Leases                                   0               0
(h) Manufacturing Supplies                   0               0
(i) Office Supplies                    195,996       1,443,622
(j) Payroll - Net                      281,006       3,418,663
(k) Professional Fees                4,364,112       7,594,920
(l) Rent                               842,197       2,619,314
(m) Repairs                            998,478       1,204,577
(n) Secured Creditor Payments      173,150,112      19,985,545
(o) Taxes Paid - Payroll                56,419       1,185,308
(p) Taxes Paid - Sales                       0               0
(q) Taxes Paid - Other                       0       1,545,383
(r) Telephone                                0               0
(s) Travel & Entertainment                   0               0
(y) U.S. Trustee Quarterly Fees              0          31,700
(u) Utilities                          157,824       1,628,798
(v) Vehicle Expenses                         0               0
(w) Other Operating Expenses           120,978         120,978
                                  -------------   -------------
Total Disbursements                 180,167,130     220,364,412
                                  -------------   -------------
Ending Balance                       $7,398,966      $7,398,966
                                  =============   =============

             FONTAINEBLEAU LAS VEGAS RETAIL, LLC
           Schedule of Receipts and Disbursements
         For The Period From December 1 to 31, 2009

                                                  Cumulative
                                                  to the
                                   As of          Petition
                                   Dec. 2009      Date
                                  -------------  --------------
Funds At Beginning Period                   $93             $93
                                  -------------   -------------
Receipts
(a) Cash Sales                               0               0
     Minus: Cash Refunds                      0               0
     Net Cash Sales                           0               0
(b) Accounts Receivable                      0               0
(c) Other Receipts                     121,003         121,003
                                  -------------   -------------
Total Receipts                          121,003         121,003
                                  -------------   -------------
Total Funds Available For               121,096         121,096
Operations                        -------------   -------------

Disbursement
(a) Advertising                              0               0
(b) Bank Charges                             0               0
(c) Contract Labor                           0               0
(d) Fixed Asset Payments                     0               0
(e) Insurance                                0               0
(f) Inventory                                0               0
(g) Leases                                   0               0
(h) Manufacturing Supplies                   0               0
(i) Office Supplies                        520             520
(j) Payroll - Net                       14,791          14,791
(k) Professional Fees                  100,000         100,000
(l) Rent                                     0               0
(m) Repairs                                  0               0
(n) Secured Creditor Payments               93              93
(o) Taxes Paid - Payroll                 5,515           5,515
(p) Taxes Paid - Sales                       0               0
(q) Taxes Paid - Other                       0               0
(r) Telephone                                0               0
(s) Travel & Entertainment                   0               0
(y) U.S. Trustee Quarterly Fees              0               0
(u) Utilities                                0               0
(v) Vehicle Expenses                         0               0
(w) Other Operating Expenses                 0               0
                                  -------------   -------------
Total Disbursements                     120,921         120,921
                                  -------------   -------------
Ending Balance                             $175            $175
                                  =============   =============

Fontainebleau Las Vegas Holdings, LLC, Fontainebleau Las Vegas
Capital Corp., Fontainebleau Las Vegas Holdings, LLC,
Fontainebleau Las Vegas Retail Mezzanine, LLC, and Fontainebleau
Las Vegas Retail Parent, LLC also delivered to the Court on
January 20, 2010, a copy of their Monthly Operating Report for the
period December 1 to 31, 2009.  However, since the Debtors have no
business activity, the report contains zero figures for all
financial reports.

Full-text copies of the Debtors' December Monthly Operating
Reports may be accessed for free at:

http://bankrupt.com/misc/FB_RetailParentMOR1231.pdf
http://bankrupt.com/misc/FB_HoldingsLLCMOR1231.pdf
http://bankrupt.com/misc/FB_CapitalCorpMOR1231.pdf
http://bankrupt.com/misc/FB_RetailMezzanineMOR1231.pdf

                   About Fontainebleau Las Vegas

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

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

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

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


GOTTSCHALKS INC: Posts $2,335,000 Net Loss from Nov. 29 to Jan. 2
-----------------------------------------------------------------
On January 22, 2010, Gottschalks Inc. filed with the U.S.
Bankruptcy Court for the District of Delaware its monthly
operating report for the period November 29, 2009, to January 2,
2010.

The Debtor ended the period with $11,573,000 cash.  During the
period, the Debtor paid $1,046,000 in professional fees and
expenses.

The Company reported a net loss of $2,335,000 for the period.

At January 2, 2010, the Company had $37,403,000 in total assets
and $78,410,000 in total liabilities.

The monthly operating report is available at no charge at:

               http://researcharchives.com/t/s?4ed4

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.


GUARANTY FINANCIAL: Posts $113,359 Net Loss in December
-------------------------------------------------------
On January 15, 2010, Guaranty Financial Group Inc. and each of
its wholly owned subsidiaries, Guaranty Group Ventures Inc.,
Guaranty Holdings Inc., and Guaranty Group Capital Inc. filed
their unaudited monthly operating reports for the period from
December 1, 2009, through December 31, 2009, with the United
States Bankruptcy Court for the Northern District of Texas, Dallas
Division.

Guaranty Financial Group reported a net loss of $113,359 for the
month of December 2009.

At December 31, 2009, Guaranty Financial Group had $12,028,109 in
total assets and $328,807,415 in total liabilities.

A full-text copy of Guaranty Financial Group's monthly operating
report is available for free at:

               http://researcharchives.com/t/s?4e71

Guaranty Group Ventures reported net income of $638 for the month
of December 2009.  At December 31, 2009, Guaranty Group Ventures
had $12,241,824 in total assets, $371,185 in total liabilities,
and $11,870,639 in total equity.

A full-text copy of Guaranty Group Ventures' monthly operating
report is available for free at:

               http://researcharchives.com/t/s?4e72

Guaranty Holdings reported net income of $1 for the month of
December.

At November 30, 2009, Guaranty Holdings had $8,148 in total assets
and $8,148 in total equity.

A full-text copy of Guaranty Holdings' monthly operating report is
available for free at http://researcharchives.com/t/s?4e73

Guaranty Group Capital reported net income of $319 for the month
of December 2009.

At December 31, 2009, Guaranty Group Capital had $4,171,293 in
total assets and $4,171,293 in total equity.

A full-text copy of Guaranty Group Capital's monthly operating
report is available at http://researcharchives.com/t/s?4e93

Guaranty Financial Group Inc. -- http://www.guarantygroup.com/--
is based in Dallas, Texas.  Guaranty Financial is a unitary
savings and loan holding company. The Company's primary operating
entities are Guaranty Bank and Guaranty Insurance Services, Inc.
Guaranty Financial filed for bankruptcy after the Guaranty bank
was seized by regulators and sent to receivership under the
Federal Deposit Insurance Corporation.  Before the bank was taken
over, the balance sheet of the holding company had $15.4 billion
in assets as of Sept. 30, 2008.

Guaranty Financial together with affiliates filed for Chapter 11
on Aug. 27, 2009 (Bankr. N.D. Tex. Case No. 09-35582).  Attorneys
at Haynes & Boone, LLP, represent the Debtors.  According to the
schedules attached to its petition, the Company has assets of at
least $24,295,000, and total debts of $323,413,428, including
$305 million in trust preferred security.


LTV CORP: Ends December 2009 With $9,605,000 Cash
-------------------------------------------------
On January 14, 2010, The LTV Corporation, et al., submitted to
the United States Bankruptcy Court for the Northern District of
Ohio, Eastern Division their operating report for the period ended
December 31, 2009.

LTV ended the period with a $9,605,000 cash balance.  LTV reported
$1,000 in receipts and $271,000 in disbursements in December,
including $238,000 paid to Chapter 11 professionals.

A full-text copy of LTV's December 2009 operating report is
available at no charge at http://researcharchives.com/t/s?4e6c

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


MERUELO MADDUX: Posts $2,977,306 Net Loss in December
-----------------------------------------------------
On January 15, 2010, Meruelo Maddux Properties, Inc., and 53 of
its direct and indirect subsidiaries and affiliates filed their
unaudited condensed combined debtors-in-possession financial
statements included in the monthly operating report for the month
ended December 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 $2,977,306 on total revenue of
$1,992,513 for the month of December.

As of December 31, 2009, the Debtors had $535,161,522 in total
assets, $319,423,384 in total liabilities, and $215,738,138 in
total stockholders' equity.

A full-text copy of the December operating report is available at
no charge at http://researcharchives.com/t/s?4e6f

                       About Meruelo Maddux

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

Meruelo Maddux and its affiliates filed for Chapter 11 protection
on March 26, 2009 (Bankr. C. D. Calif. Lead Case No. 09-13356).
Aaron De Leest, Esq., John J. Bingham, Jr., Esq., and John N.
Tedford, Esq., at Danning Gill Diamond & Kollitz, represent the
Debtors in their restructuring efforts.  Asa S. Hami, Esq., Tamar
Kouyoumjian, Esq., and Victor A. Sahn, Esq., at SulmeyerKupetz, A
Prof Corp, represent the official committee of unsecured creditors
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: 845 S Flower Reports $7,111 Net Income in December
------------------------------------------------------------------
On January 15, 20109, 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 month ended December 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
$7,111 for the month of December.

At December 31, 2009, Meruelo Maddux - 845 S. Flower Street had
$54,212,846 in total assets and $87,130,465 in total liabilities.

Meruelo Chinatown reported net income of $48,013 on total revenue
of $43,200 for the month of December.

At December 31, 2009, Meruelo Chinatown had $1,369,688 in total
assets, $1,406 in total liabilities, and $1,368,282 in total
shareholders' equity.

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

                http://researcharchives.com/t/s?4e70

                       About Meruelo Maddux

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

Meruelo Maddux and its affiliates filed for Chapter 11 protection
on March 26, 2009 (Bankr. C. D. Calif. Lead Case No. 09-13356).
Aaron De Leest, Esq., John J. Bingham, Jr., Esq., and John N.
Tedford, Esq., at Danning Gill Diamond & Kollitz, represent the
Debtors in their restructuring efforts.  Asa S. Hami, Esq., Tamar
Kouyoumjian, Esq., and Victor A. Sahn, Esq., at SulmeyerKupetz, A
Prof Corp, represent the official committee of unsecured creditors
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.


METALDYNE CORP: Posts $219.6MM Net Loss in Oct.16-Nov.29 Period
---------------------------------------------------------------
Oldco M Corporation (f/k/a Metaldyne Corporation) reported a net
loss of $219,556,000 on net sales of $12,253,000 for the 45-day
period ended November 29, 2009.

At November 29, 2009, Oldco had $42,385,000 in total assets,
$9,319,000 in total current liabilities, and $345,086,000 in
liabilities subject to compromise.

Professional fees paid during the 45 days ending November 29,
2009, totaled $1,607,000.

The Bankruptcy Court approved the sale of substantialy all of the
Debtors assets to MD Investors on August 12, 2009, and the sale
transaction closed on October 16, 2009.

Since the closing, the Debtors have negotiated with other parties
in interest and developed a plan of liquidation and accompanying
disclosure statement, both of which were filed with the Bankruptcy
Court on December 7, 2009.  The Bankruptcy Court approved the
disclosure statement on January 11, 2010, and a hearing on the
confirmation of the plan is scheduled for February 23, 2010.

A full-text copy of the Debtors' operating report is available at
no charge at http://bankrupt.com/misc/metaldyne.oct16-nov29mor.pdf

                       About Metaldyne Corp.

Metaldyne Corp. -- http://www.metaldyne.com/-- is a leading
global designer and supplier of metal based components, assemblies
and modules for transportation related powertrain applications
including engine, transmission/transfer case, driveline, and noise
and vibration control products to the motor vehicle industry.  The
new Metaldyne company has approximately $650 million in revenue
with 26 facilities in 12 countries.

Metaldyne was previously a wholly-owned subsidiary of Asahi Tec, a
Shizuoka, Japan-based chassis and powertrain component supplier in
the passenger car/light truck and medium/heavy truck segments.
Asahi Tec is listed on the Tokyo Stock Exchange.

Metaldyne and its affiliates filed for Chapter 11 protection on
May 27, 2009 (Bankr. S.D.N.Y. Case No. 09-13412).  The filing did
not include the company's non-U.S. entities or operations.
Richard H. Engman, Esq., at Jones Day represents the Debtors in
their restructuring efforts.  Judy A. O'Neill, Esq., at Foley &
Lardner LLP serves as conflicts counsel; Lazard Freres & Co. LLC
and AlixPartners LLP as financial advisors; and BMC Group Inc. as
claims agent.  A committee of Metaldyne creditors is represented
by Mark D. Silverschotz, Esq., and Kurt F. Gwynne, Esq., at Reed
Smith LLP, and the committee tapped Huron Consulting Services,
LLC, as its financial advisor.  For the fiscal year ended
March 29, 2009, the company recorded annual revenues of
approximately US$1.32 billion.  As of March 29, 2009, utilizing
book values, the Company had assets of US$977 million and
liabilities of $927 million.  Judge Glenn approved the sale of
substantially all assets to Carlyle Group in November 2009 for
approximately $496.5 million.


NEUMANN HOMES: Has $1.99MM Balance at End of November
-----------------------------------------------------
                  Neumann Homes Inc., et al.
                  Receipts and Disbursements
                 Month Ended November 30, 2009

Beginning Balance in All Accounts
Neumann Citibank Operating Account                 $259,932
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
                                             --------------
                                                    261,635

Restricted - Neumann Citibank - Glen at Lakemoor
EM Acct                                              1,233
Restricted - IndyMac Escrow Acct - NeuVillage      125,609
Restricted - Chicago Title Escrow Acct -
Closed Homes                                       224,435
Restricted - Chicago Title Escrow Acct -
Lender Funded                                    1,377,147
Restricted - NHI KERP Account                       14,896
Restricted - Land Title Guarantee Escrow                 -
                                             --------------
                                                  1,743,321
                                             --------------

Receipts:
Operating Acct                                       14,688
Customer Earnest Money Acct-Ckg                           -
Customer Earnest Money Acct-MM                            -
Funding/DIP Account                                       -
Neumann Petty Cash Account                              390
Glen at Lakemoor EM acct                                  0
Clublands Antioch Clubhouse acct                          -
DIP Funding - Professional Acct                           -
Restricted Escrow held by CTT-Lender Funding              -
IndyMac Escrow for L/C-Leona's NeuVillage                 -
Restricted Escrow held by CTT-(closings)                  -
NHI Worker Comp Escrow                                    -
NHI KERP Account                                          -
Other Receipts - Employee Health
Plan Contribution                                        -
                                             --------------
                                                     15,079

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

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

Necessary expenses:
Rent or mortgage payment(s)                          (3,210)
Utilities & phones                                        -
Insurance                                            (8,048)
Merchandise/services bought for manufacture or sale       -

Other:
Payroll Services                                          -
Benefit Related including flex spending                (413)
Miscellaneous                                            (3)
Expense Reimbursement                                     -
Postage, shipping, copying                             (198)
Other - Transfer                                          -
Supplies & Storage & Misc.                             (287)
Temporary Labor                                           -
Consulting services                                  (7,212)
US Trustee fees                                           -
Legal- Professional fees                                  -
Professional tax service fees                             -
Filing Fees, extension fees                               -
Payroll tax adjustment                                    -
                                             --------------
                                                    (19,374)

Total Disbursements:                                (32,158)

Net Receipts (Disbursements) for the
Current Period                                     (17,079)
                                             --------------
Ending Balance in all Accounts                   $1,987,871
                                             ==============

                       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)


NEUMANN HOMES: Has $2.24MM Balance at End of December
-----------------------------------------------------
                  Neumann Homes Inc., et al.
                  Receipts and Disbursements
                 Month Ended December 31, 2009

Beginning Balance in All Accounts
Neumann Citibank Operating Account                 $243,366
Neumann Citibank - Customer Earnest Money Acct           15
Neumann Citibank - Funding/DIP Acct                       -
Neumann Petty Cash Account                            1,159
Neumann Citibank - Worker Camp Escrow                     -
Neumann Citibank - DIP Funding - Professional Acct        -
Neumann Citibank - Clublands Antioch Clubhouse           14
                                              --------------
                                                     244,556

Restricted - Neumann Citibank - Glen at Lakemoor
EM Acct                                               1,233
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 - ComEd Easement Account                 300,000
Restricted - Land Title Guarantee Escrow                  -
                                              --------------
                                                   2,043,321
                                              --------------
                                                   2,287,877

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

Disbursements:
Net Payroll:
Officers                                                  -
Others                                               (9,940)
                                              --------------


Taxes:
Federal Income Tax Withholding                        (1,146)
FICA/Medicare Withholdings EE                           (482)
Employer's FICA/Medicare ER                             (482)
Federal Unemployment Taxes ER                              -
State Income Tax Withholding                            (306)
State Unemployment Taxes ER                                -
                                              --------------
                                                      (2,416)

Necessary expenses:
Rent or mortgage payment(s)                           (3,210)
Utilities & phones                                    (1,216)
Insurance                                                  -
Merchandise/services bought for manufacture or sale        -

Other:
Payroll Services                                        (949)
Benefit Related including flex spending
Miscellaneous                                           (161)
Expense Reimbursement                                   (580)
Postage, shipping, copying                                 -
Settlement Fees                                      (20,000)
Supplies & Storage & Misc.                                 -
Temporary Labor                                            -
Consulting services                                  (33,486)
US Trustee fees                                            -
Legal- Professional fees                                   -
Professional tax service fees                         (1,400)
Filing fees, extension fees                                -
Payroll tax adjustment                                     -
                                              --------------
                                                     (61,005)

Total Disbursements:                                 (73,362)

Net Receipts (Disbursements) for the
Current Period                                      (73,362)
                                              --------------
Ending Balance in all Accounts                    $2,214,515
                                              ==============

                       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)


OPUS SOUTH: Records $375,219 Net Loss for December
--------------------------------------------------
                     Opus South Corporation
                         Balance Sheet
                    As of December 31, 2009

ASSETS:

Cash & cash equivalents                                $674,300
Receivables:
  Construction contracts                             8,589,340
  Related party                                              -
  Management fees                                            -
  Other                                             (2,043,761)
                                                  ------------
Total receivables                                    6,545,580

Costs & estimated earnings                              22,022
Prepaid expenses & other assets                        546,990
Pursuit costs                                                -
Real estate:
  Completed                                                  -
  Under construction                                         -
  Land held for development                            412,969
  Real estate held for investment                            -
  Investment in real estate ventures                 1,949,659
  Accumulated depreciation                                   -
                                                  ------------
Total real estate                                    2,362,628

Notes receivable                                             -
Investment in subsidiaries                          56,592,196
Property & equipment, net                               14,801
                                                  ------------
Total assets                                       $66,758,517
                                                  ============

LIABILITIES:

Accounts payable                                   $10,990,161
Accrued expenses                                     1,872,118
Accrued income taxes                                         -
Billings in excess of costs                                  -
Mortgages and notes payable                         61,000,000
Subordinated notes payable                                   -
Postpetition accounts payable                          443,997
Postpetition accrued expenses                          (74,193)
                                                  ------------
Total liabilities                                   74,232,082

Minority interest in subsidiary                              -

EQUITY:

Common stock                                             9,660
Additional paid-in capital                          71,674,223
Prepetition retained earnings                      (70,246,305)
Postpetition retained earnings                      (8,911,143)
                                                  ------------
Total equity                                        (7,473,565)
                                                  ------------
Total liabilities & equity                         $66,758,517
                                                  ============

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

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

Gross Margin:
  Construction - related party                               0
  Construction - 3rd party                                  93
  Real estate                                               29
  Rental property                                            0
  Management fee                                             0
                                                  ------------
Total gross margin                                         122

Other Income:
  Interest                                                   -
  Real estate ventures                                       -
  Other                                                 55,729
                                                  ------------
Total income                                            55,851

Expenses:
  Salary and related                                    (8,896)
  General & administrative                             439,966
  Reorganization expenses                                    -
  Project costs capitalized                                  -
  Interest                                                   -
  Interest capitalized                                       -
  Corporate overhead & variable compensation                 -
  Charitable contributions                                   -
                                                  ------------
Total expenses                                         431,070

Income(Loss) before minority interest & taxes         (375,219)
  Minority Int. in income(loss) loss of cons sub             -
                                                  ------------
Income(Loss) before taxes                             (375,219)
                                                  ------------
Net income(loss)                                     ($375,219)
                                                  ============

Opus South Corporation's December 2009 operating report also
includes a Cash Receipts & Disbursements statement.  A copy is
available for free at http://bankrupt.com/misc/OpS12MORCD.pdf


                         About Opus South

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

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

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


OPUS WEST: Records $4,324,561 Profit for December
-------------------------------------------------
                     Opus West Corporation
                         Balance Sheet
                    As of December 31, 2009

ASSETS:
Unrestricted cash                                    $5,297,877
Restricted cash                                               0
                                                   ------------
Total cash                                            5,297,877

Accounts receivable                                   1,305,013
Inventory                                                     0
Notes receivable                                      2,219,600
Prepaid expenses                                         88,489
Other security deposits                                  24,792
                                                   ------------
Total current assets                                  8,935,771

Property, plant, & equipment                            196,969
Less: accumulated depreciation/depletion                111,667
                                                   ------------
Net property, plant, & equipment                         85,302

Due from insiders                                             0
Other assets                                         23,284,406
                                                   ------------
Total assets                                        $32,305,479
                                                   ============


POSTPETITION LIABILITIES:
Accounts payable                                             $0
Taxes payable                                                 0
Notes payable                                                 0
Professional fees                                             0
Secured debt                                                  0
Other - employee benefits                                53,557
                                                   ------------
Total postpetition liabilities                          $53,557

PREPETITION LIABILITIES:
Secured debt                                        $19,118,664
Priority debt                                           433,628
Unsecured debt                                      186,899,295
Other - GAAP accruals                                 3,044,962
                                                   ------------
Total prepetition liabilities                       209,496,549
                                                   ------------
Total liabilities                                   209,550,106

EQUITY:
Prepetition owners' equity                           26,315,645
Postpetition cumulative profit (loss)              (203,560,272)
Direct charges to equity                                      0
                                                   ------------
Total equity                                       (177,244,627)
                                                   ------------
Total liabilities & owners' equity                  $32,305,479
                                                   ============

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

Revenues:
Gross revenue                                        $7,433,083
Less: returns & discounts                                     0
                                                   ------------
Net revenue                                           7,433,083

Cost of Goods Sold:
Material                                             2,500,621
Direct labor                                                 0
Direct overhead                                              0
                                                   ------------
Total cost of goods sold                              2,500,621

Gross profit                                          4,932,462

Operating Expenses:
Officer/insider compensation                            64,615
Selling & marketing                                          0
General & administrative                               536,714
Rent & lease                                            10,072
Other                                                        0
                                                   ------------
Total operating expenses                                611,401

Income before non-operating income & expense          4,321,061

Other Income & Expenses:
Non-operating income                                         0
Non-operating expense                                        0
Interest expense                                             0
Depreciation/depletion                                       0
Amortization                                                 0
Other - interest income                                 (3,500)
                                                   ------------
Net other income & expenses                              (3,500)

Reorganization Expenses:
Professional fees                                            0
U.S. Trustee fees                                            0
Other                                                        0
                                                   ------------
Total reorganization expenses                                 0
                                                   ------------
Income tax                                                    0
                                                   ------------
Net profit (loss)                                    $4,324,561
                                                   ============

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

Cash - beginning of period                           $5,841,325

Receipts From Operations:
Cash sales                                                    0

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

Non-operating Receipts:
Loans & advances                                             0
Sale of assets                                           3,518
Other                                                   83,688
                                                   ------------
Total non-operating receipts                             87,206

Total receipts                                           87,206

Total cash available                                  5,928,531

Operating Disbursements:
Net payroll                                            204,421
Payroll taxes paid                                           0
Sales, use & other taxes paid                                0
Secured/rental/leases                                   27,006
Utilities                                                5,276
Insurance                                                  782
Inventory purchases                                          0
Vehicle expenses                                             0
Travel                                                   1,522
Entertainment                                              197
Repairs & maintenance                                        0
Supplies                                                   172
Advertising                                                  0
Other                                                  103,284
                                                   ------------
Total operating disbursements                           342,660

Reorganization Expenses:
Professional fees                                      215,191
U.S. Trustee fees                                            0
Other                                                   72,803
                                                   ------------
Total reorganization expenses                           287,994
                                                   ------------
Total disbursements                                     630,654
                                                   ------------
Net cash flow                                          (543,448)
                                                   ------------
Cash - end of period                                 $5,297,877
                                                   ============

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

ASSETS:
Unrestricted cash                                      $306,405
Restricted cash                                               0
                                                   ------------
Total cash                                              306,405

Accounts receivable                                     229,252
Inventory                                                     0
Notes receivable                                              0
Prepaid expenses                                              0
Other security deposits                                       0
                                                   ------------
Total current assets                                    535,657

Property, plant, & equipment                                  0
Less: accumulated depreciation/depletion                      0
                                                   ------------
Net property, plant, & equipment                              0

Due from insiders                                             0
Other assets                                                  0
                                                   ------------
Total assets                                           $535,657
                                                   ============

POSTPETITION LIABILITIES:
Accounts payable                                             $0
Taxes payable                                            40,924
Notes payable                                                 0
Professional fees                                             0
Secured debt                                                  0
Other - employee benefits                                     0
                                                   ------------
Total postpetition liabilities                           40,924

PREPETITION LIABILITIES:
Secured debt                                           $639,806
Priority debt                                                 0
Unsecured debt                                        1,618,500
Other - GAAP accruals                                 1,541,924
                                                   ------------
Total prepetition liabilities                         3,800,230
                                                   ------------
Total liabilities                                     3,841,154

EQUITY:
Prepetition owners' equity                           26,029,193
Postpetition cumulative profit(loss)                (26,266,190)
Direct charges to equity                             (3,068,500)
                                                   ------------
Total equity                                         (3,305,497)
                                                   ------------
Total liabilities & owners' equity                     $535,657
                                                   ============

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

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

Cost of Goods Sold:
Material                                              ($43,005)
Direct labor                                                 0
Direct overhead                                      ($135,106)
                                                  ------------
Total cost of goods sold                             ($178,111)

Gross profit                                          $178,111

Operating Expenses:
Officer/insider compensation                                0
Selling & marketing                                         0
General & administrative                                    0
Rent & lease                                                0
Other                                                    (216)
                                                  ------------
Total operating expenses                                  (216)

Income before non-operating income & expense           178,327

Other Income & Expenses:
Non-operating income                                        0
Non-operating expense                                       0
Interest expense                                            0
Depreciation/depletion                                      0
Amortization                                                0
Other - interest income                                     0
                                                  ------------
Net other income & expenses                                  0

Reorganization Expenses:
Professional fees                                           0
U.S. Trustee fees                                           0
Other                                                       0
                                                  ------------
Total reorganization expenses                                0
                                                  ------------
Income tax                                                   0
                                                  ------------
Net profit (loss)                                     $178,327
                                                  ============

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

Cash - beginning of period                            $309,892

Receipts from Operations:
Cash sales                                                   0

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

Non-operating Receipts:
Loans & advances                                            0
Sale of assets                                              0
Other                                                  59,071
                                                  ------------
Total non-operating receipts                            59,071

Total receipts                                          59,071

Total cash available                                   368,963

Operating Disbursements:
Net payroll                                                 0
Payroll taxes paid                                          0
Sales, use & other taxes paid                               0
Secured/rental/leases                                       0
Utilities                                                   0
Insurance                                                   0
Inventory purchases                                         0
Vehicle expenses                                            0
Travel                                                      0
Entertainment                                               0
Repairs & maintenance                                       0
Supplies                                                    0
Advertising                                                 0
Other                                                  62,558
                                                  ------------
Total operating disbursements                           62,558

Reorganization Expenses:
Professional fees                                            0
U.S. Trustee fees                                            0
Other                                                        0
                                                  ------------
Total reorganization expenses                                0
                                                  ------------
Total disbursements                                     62,558
                                                  ------------
Net cash flow                                           (3,487)
                                                  ------------
Cash - end of period                                  $306,405
                                                  ============

                   Other Opus West Affiliates

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

Debtor Affiliate                 Total Assets     Total Debts
----------------                --------------  --------------
Opus West Construction Corp.       $9,841,919     $33,929,120
OW Commercial, Inc.                     1,989      17,076,565
Opus West Partners, Inc.              331,825               0

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

Company                                      Net Income (Loss)
-------------                                ----------------
Opus West Construction Corp.                           $2,273
OW Commercial Inc.                                      1,455
Opus West Partners Inc.                                     0

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

Company                   Receipts   Disbursements  Cash Flow
-------                  ---------   -------------  ---------
Opus West Construction     $820,165        $63,312   $756,853
OW Commercial Inc.            1,456          1,000        456
Opus West Partners Inc.           0          3,000     (3,000)

                     About Opus West Corporation

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

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

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

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


PFF BANCORP: Posts $101,994 Net Loss in December
------------------------------------------------
On January 14, 2010, PFF Bancorp, Inc., and Glencrest Investment
Advisors, Inc., Glencrest Insurance Services, Inc., Diversified
Builder Services, Inc., and PFF Real Estate Services, Inc., filed
their monthly operating reports for the period December 1, 2009,
to December 31, 2009, with the United States Bankruptcy Court for
the District of Delaware.

PFF Bancorp reported a net loss of $101,994 for the month of
December.

PFF Bancorp paid $54,129 in professional fees and reimbursed
$7,146 in professional expenses in December.

At December 31, 2009, PFF Bancorp had total assets of $15,314,597
and total liabilities of $117,430,056.

A full-text copy of the Debtors' December operating report is
available for free at http://researcharchives.com/t/s?4ed3

PFF Bancorp reported a net loss of $320,657 in November 2009.

PFF Bancorp paid $284,808 in professional fees and reimbursed
$2,838 in professional expenses in November.

A full-text copy of the Debtors' November operating report is
available for free at http://researcharchives.com/t/s?4c6f

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

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

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


PRECISION PARTS: Reports $7,236 Net Income in October
-----------------------------------------------------
Precision Parts International Services Corp., et al., filed with
the U.S. Bankruptcy Court for the District of Delaware on
January 4, 2010, a monthly operating report for the month ended
October 31, 2009.

The Debtors reported net income of $7,236 for the month of
October 2009.

At October 31, 2009, the Debtors had total assets of
$4.2 million and total liabilities of $188.6 million.

A copy of the Debtors' monthly operating report for the month of
September 2009 is available for free at:

          http://bankrupt.com/misc/ppi.octobermor.pdf

                     About Precision Parts

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

The Company and eight of its affiliates filed for Chapter 11
protection on December 12, 2008 (Bankr. D. Del. Lead Case No.
08-13289).  Attorneys at Pepper Hamilton LLP are bankruptcy
counsel to the Debtors.  Alvarez & Marsal North America LLC is the
Debtor's financial advisors and Kurtzman Carson Consultants LLC is
the claims, noticing and balloting agent.  When PPI Holdings, Inc.
filed for protection from its creditors, it listed assets of
between $100 million and $500 million, and the same range of debt.


REFCO INC: Refco LLC Has $47,498,000 at End of November
-------------------------------------------------------
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 November 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 $47,487,000, as of November 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 $47,498,000 at the end of the period.

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

Beginning Balance, November 1, 2009                  $47,487,000

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                       0
Other disbursements                                            0

Reorganization Expenses
Attorney fees                                                 0
Trustee bond premium                                          0
Other professional fees                                       0
                                                   -------------
TOTAL DISBURSEMENTS                                           0
                                                   -------------
Ending Balance, November 30, 2009                    $47,498,000
                                                   =============

                         About Refco Inc.

Headquartered in New York, Refco Inc. -- http://www.refco.com/--
was a diversified financial services organization with operations
in 14 countries and an extensive global institutional and retail
client base.  Refco's worldwide subsidiaries were members of
principal U.S. and international exchanges, and were among the
most active members of futures exchanges in Chicago, New York,
London and Singapore.  Refco was also 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 was one of the largest global clearing firms for
derivatives.  The Company had operations in Bermuda.

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

The Court confirmed the Modified Joint Chapter 11 Plan of
Refco Inc. and certain of its Direct and Indirect Subsidiaries,
including Refco Capital Markets, Ltd., and Refco F/X Associates,
LLC, on December 15, 2006.  That Plan became effective on Dec. 26,
2006.  Pursuant to the plan, RJM, LLC, was named plan
administrator to reorganized Refco, Inc. and its affiliates, and
Marc S. Kirschner as plan administrator to Refco Capital Markets,
Ltd.

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


REUNION INDUSTRIES: Posts $193,000 Net Loss in November
-------------------------------------------------------
Reunion Industries, Inc., posted a net loss of $193,000 on net
sales $1,113,000 for the month of November 2009.

The Debtor ended November with $1,916,000 in cash and
equivalents.

As of November 30, 2009, the Debtor had $17,743,000 in total
assets, $9,465,000 in total liabilities, and $8,278,000 in total
equity.

A full-text copy of the Debtor's November 2009 operating report is
available for free at http://researcharchives.com/t/s?4e48

For the month of October 2009, the Debtor reported net income of
$353,000 on net sales of $1,452,000.

A full-text copy of the Debtor's October 2009 operating report is
available at no charge at http://researcharchives.com/t/s?4e49

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


SHARPER IMAGE: Ends December With $3,967,518 Cash
-------------------------------------------------
TSIC, Inc., formerly known as The Sharper Image Corporation, filed
with the U.S. Bankruptcy Court for the District of Delaware on
January 20, 2010, its monthly operating report for December 2009.

TSIC ended December with $3,967,518 in unrestricted cash and
equivalents.

TSIC posted a net loss of $126,254 in December.

At December 31, 2009, TSIC had $7,980,055 in total assets,
($99,123,408) in total liabilities, and $91,143,353 in net
owner's equity.

A full-text copy of TSIC's December operating report is available
at no charge at http://researcharchives.com/t/s?4e95

                    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: Records $3,333,000 Loss for November
-----------------------------------------------------
      STATION CASINOS, INC. AND CERTAIN DEBTORS
               CONDENSED BALANCE SHEET
                As of November 30, 2009

ASSETS
Cash and cash equivalents                           $433,000
Restricted Cash                                   10,189,000
Accounts and notes receivable                     15,920,000
Interco receivable                              (788,702,000)
Prepaid expenses                                   3,564,000
Inventory                                             13,000
Deferred tax asset, current                          137,000
                                             ---------------
  Total current assets                          (758,446,000)
                                             ---------------
Property, plant & equipment                      106,816,000
Land held for development                                  0
Intangible assets                                  2,485,000
Debt issuance costs                                        0
Other assets                                      64,201,000
Investments in subsidiaries                    4,278,246,000
Long-term deferred tax asset                     119,527,000
                                             ---------------
  Total Assets                                $3,812,829,000
                                             ===============

LIABILITIES
Debtor-in-possession financing                  $153,694,000
Current portion of LT debt                                 0
Accounts payable                                     725,000
Accrued expenses and liabilities                  16,086,000
Accrued FIT payable                              (20,057,000)
Accrued interest payable                             614,000
Payroll & related liabilities                      4,760,000
Swap market value, current                                 0
Deferred tax liability, current                    4,356,000
                                             ---------------
  Total current liabilities                      160,178,000
                                             ---------------
LT Debt less current portion                               0
Long tern accrued benefits                                 0
Deferred taxes noncurrent                        611,317,000
Other liabilities                                  8,909,000
                                             ---------------
Total liabilities not subj. to
compromise                                      780,404,000
                                             ---------------
Liabilities subject to compromise              3,423,893,000
                                             ---------------
  Total Liabilities                            4,204,297,000
                                             ---------------

Common stock                                         417,000
Restricted stock                                 315,078,000
Additional paid-in capital                     2,662,113,000
Retained earning (deficit)                    (3,369,283,000)
Other comprehensive income                           207,000
                                            ---------------
  Total stockholders equity                    (391,468,000)
                                            ---------------
  Total Liabilities and Equity               $3,812,829,000
                                            ===============

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

Operating revenue:
Other                                               $2,000
                                            ---------------
Net revenue                                           2,000
Operating costs & expenses                        1,889,000
                                            ---------------
EBITDAR                                          (1,887,000)
Land lease                                         (196,000)
Earnings (losses) from JV's                               0
                                            ---------------
EBITDA                                           (1,691,000)
Depreciation                                        397,000
Amortization                                              0
Restructuring charge                                 88,000
Preopening expenses                                       0
                                            ---------------
EBIT                                             (2,176,000)
Cancelled debt offering costs                             0
Early retirement of debt                                  0
Loss on lease termination                         3,108,000
I/C Interest income                                  71,000
Interest income                                      10,000
Interest expense                                 (4,865,000)
Less: capitalized interest                        1,576,000
Interest in swap fair value                               0
Change in swap fair value                            19,000
Gain (loss) on disposal                          (1,251,000)
                                            ---------------
Income before fees & inc tax                     (3,508,000)
Management fees                                   2,071,000
Reorganization costs                             (6,312,000)
Federal tax fees                                  4,416,000
                                            ---------------
  Net Income                                    ($3,333,000)
                                            ===============

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

Cash flows from operating activities:
Net income                                      ($3,333,000)

Adjustment to reconcile net income to
net cash used in operating activities:
Depreciation and amortization                      397,000
Shared-based compensation                        1,186,000
Change in fair value of derivative
  instrument                                        (19,000)
Loss on disposal of assets                       1,488,000
Loss on early retirement of debt                         0
Amortization of debt discount                            0
Reorganization items                             6,144,000
Change in assets and liabilities:
   Decrease (increase) in restricted
    cash                                             (1,000)
   Decrease (increase) in accts. and
    notes receivable, net                            46,000
   Decrease (increase) notes in
    inventories & prepaid expenses                  (35,000)
   Increase (decrease) deferred
    income taxes                                     (2,000)
   Increase (decrease) in accounts
    payable                                         (95,000)
   Increase in accrued interest                     212,000
   Increase in accrued expenses and
    other current liabilities                   (10,445,000)
   Increase in intercomp. payables              (37,138,000)
Other, net                                       (2,640,000)
                                            ---------------
   Total adjustments                            (40,902,000)
Net cash provided by (used in)
operating activities, before
reorganization items                           (44,235,000)
                                            ---------------
Cash used for Reorganization items              (5,975,000)
                                            ---------------
Net cash provided (used in)
  operating activities                          (50,210,000)
                                            ---------------
                                                (56,185,000)
                                            ---------------

Cash flows from investing activities:
Capital expenditures                               (25,000)
Intangible assets                                        0
Proceeds intercompany sale of land                       0
Distribution from subsidiaries                  14,507,000
Native American development costs                        0
Other, net                                      (1,576,000)
                                            ---------------
   Net cash provided by
    investing activities                         12,906,000
                                            ---------------

Cash flows from financing activities:
Borrowings under DIP Financing                  33,302,000
Payments under term loan                                 0
Payments of debt issue costs                             0
Capital contributions received                           0
                                            ---------------
   Net cash provided by (used in)
    financing activities                         33,302,000
                                            ---------------

Cash and cash equivalents:
Increase in cash and cash equivalents           (4,002,000)
Balance, beginning period                        4,435,000
                                            ---------------
Balance, end of period                            $433,000
                                            ===============

                      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 December With $23,937,065 Cash
-------------------------------------------------------
On January 21, 2010, 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 December 1, 2009, through December 31,
2009.  On January 20, 2010, ADFITECH filed a monthly operating
report covering the period from December 1, 2009, through
December 31, 2009.

TMST, Inc., et al. ended December with $23,937,065 cash.  The
Debtors posted a net loss of $789,090 for the month.  At
December 31, 2009, the Debtors had $149,131,679 in total assets
and $3,467,429,619 in total liabilities.

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

               http://researcharchives.com/t/s?4e96

ADFITECH ended December with $11,162,874 cash.  ADFITECH reported
a net loss of $59,496 on total operating revenue of $2,652,106
for December.  At December 31, 2009, ADFITECH had $31,110,854 in
total assets and $1,639,903,024 in total liabilities.

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

               http://researcharchives.com/t/s?4e97

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

Thornburg Mortgage, Inc., and its four affiliates filed for
Chapter 11 on May 1 (Bankr. D. Md. Lead Case No. 09-17787).
Thornburg has changed its name to TMST, Inc.

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.

On October 28, 2009, the Court approved the appointment of Joel I.
Sher as the Chapter 11 Trustee for the Company, TMST Acquisition
Subsidiary, Inc., TMST Home Loans, Inc. and TMST Hedging
Strategies, Inc.


TOUSA INC: Records $85.5 Million Income for December
----------------------------------------------------
                  TOUSA, INC., and Subsidiaries
                    Consolidated Balance Sheet
                    As of December 31, 2009

                             ASSETS
Cash and Cash Equivalents:
  Cash in bank                                    $313,217,367
  Cash equivalents (due from title company
     from closings)                                     52,503
Inventory:
  Deposits                                          10,894,129
  Land                                             137,615,218
  Residences completed and under construction       77,813,881
  Inventory not owned                                        -
                                               ---------------
                                                   226,323,228
Property and equipment, net                          2,890,982
Investments in unconsolidated joint ventures         2,057,880
Receivables from unconsolidated joint ventures               -
Accounts receivable                                 15,101,647
Other assets                                       136,008,049
Goodwill                                                     -
                                               ---------------
                                                   695,651,656

Net Assets of Financial Services                     6,612,785
                                               ---------------
Total Assets                                      $702,264,441
                                               ===============

               LIABILITIES & STOCKHOLDERS' EQUITY
Accounts payable and other liabilities            $291,706,411
Customer deposits                                    3,252,335
Obligations for inventory not owned                          -
Notes payable                                    1,615,014,042
Bank borrowings                                    195,365,088
                                               ---------------
Total Liabilities                                2,105,337,876

Stockholders' Equity:
  Preferred stock                                   25,212,868
  Common stock                                         596,042
  Additional paid in capital                       552,828,692
  Retained earnings                             (1,981,711,037)
                                               ---------------
Total Stockholders' Equity                      (1,403,073,435)
                                               ---------------
Total liabilities and Stockholders' Equity        $702,264,441
                                               ===============

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

Revenues:
  Home sales                                        $5,375,229
  Land sales                                         5,680,055
                                               ---------------
                                                    11,055,284

Cost of Sales:
  Home sales                                         4,700,603
  Land sales                                         9,272,253
                                               ---------------
                                                    13,972,856
                                               ---------------
Gross Profit                                        (2,917,572)

Total selling, general and admin expenses            6,612,371
Income (loss) from joint ventures, net                       -
Interest expense, net                                1,935,627
Other (income) expense, net                           (100,741)
                                               ---------------
Homebuilding pretax income (loss)                  (11,364,829)

Equity in Financial services pretax income (loss)     (199,479)

Income (loss) before income taxes                  (11,564,308)
Provision (benefit) for income taxes               (97,065,556)
                                               ---------------
Net Income (loss)                                  $85,501,248
                                               ===============

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

Funds at beginning of period                      $319,878,937

RECEIPTS
  Cash sales                                        10,094,090
  Accounts receivable                                  293,656
  Other receipts                                     5,379,324
                                               ---------------
Total receipts                                      15,767,070
                                               ---------------
Total funds available for operations               335,646,007

DISBURSEMENTS
  Advertising                                           11,724
  Bank charges                                             100
  Contract labor                                        73,787
  Fixed asset payments                                       -
  Insurance                                          2,166,219
  Inventory payments                                   831,241
  Leases                                                20,684
  Manufacturing supplies                                     -
  Office supplies                                       38,404
  Payroll - net                                      1,614,305
  Professional fees (accounting and legal)          10,444,452
  Rent                                                 129,641
  Repairs & maintenance                                 51,546
  Secured creditor payments                          5,864,169
  Taxes paid - payroll                                  16,483
  Taxes paid - sales & use                              49,877
  Taxes paid - other                                   522,119
  Telephone                                             74,443
  Travel & entertainment                                21,368
  U.S. Trustee quarterly fees                                -
  Utilities                                             23,199
  Vehicle expenses                                       6,376
  Other operating expenses                             468,503
                                               ---------------
Total disbursements                                 22,428,640
                                               ---------------
Ending Balance                                    $313,217,367
                                               ===============

                         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.


TROPICANA ENT: Adamar of NJ Reports $4.29MM Loss for December
-------------------------------------------------------------
                   Adamar of New Jersey, Inc.
                DBA Tropicana Casino and Resort
                   Consolidated Balance Sheet
                    As of December 31, 2009

                             ASSETS

Current Assets
Cash and cash equivalents                         $69,778,000
Receivables, gaming, hotel and other, net          16,234,000
Inventories                                         2,182,000
Prepaid expenses and other                          7,424,000
Deferred income taxes                               5,189,000
                                                --------------
Total current assets                               100,807,000

Property and equipment, at cost, net               694,894,000

Investments                                         30,801,000
Tenant allowances and other assets                  18,953,000
                                                --------------
TOTAL ASSETS                                      $845,455,000
                                                ==============

              LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities
Accounts payable and accruals                     $20,269,000
Accrued payroll and employee benefits               6,831,000
Current portion of long-term debt                      36,000
Casino reinvestment obligation                        862,000
Advances from TE and other affiliates, net        591,145,000
Advances from NJ affiliates, net                   26,250,000
Other current liabilities                           1,392,000
Liabilities subject to compromise                  15,754,000
                                                --------------
Total current liabilities                          662,539,000

Long-term debt, net of current portion                 170,000
Deferred income taxes                               24,786,000
                                                --------------
Total Liabilities                                  687,495,000

Stockholders' Equity
Common stock, no par value (100 shares                  1,000
   authorized, issued and outstanding)
Paid-in capital                                   283,086,000
Accumulated deficit                              (125,127,000)
                                                --------------
Total shareholders' equity                         157,960,000
                                                --------------
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY          $845,455,000
                                                ==============

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

Revenues
Casino                                            $18,538,000
Rooms                                               1,955,000
Food and beverage                                   1,377,000
Other                                               2,180,000
                                                --------------
Total revenues                                      24,050,000
                                                --------------

Costs and Expenses
Casino                                              9,371,000
Rooms                                               1,114,000
Food and beverage                                   1,334,000
Other                                                 345,000
Marketing                                           4,513,000
General and administrative                          2,001,000
Utilities                                           1,089,000
Repairs and maintenance                               983,000
Provision for doubtful accounts                       136,000
Property taxes and insurance                        2,498,000
Rent                                                  175,000
Rent to New Jersey affiliate                          404,000
Depreciation and amortization                       3,653,000
Reorganization expense                                383,000
                                                --------------
Total                                               27,999,000

Operating profit                                    (3,949,000)

License denial expense                                (268,000)
Interest income, net                                   (62,000)
Interest expense                                        (7,000)
                                                --------------
Income before income taxes                          (4,286,000)
Income taxes benefit/(provision)                             0
                                                --------------
NET (LOSS)                                         ($4,286,000)
                                                ==============

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

Cash Flows from Operating Activities:
Net loss                                           ($4,286,000)
Adjustments to reconcile net loss to net cash
   (used in)/provided by operating activities:
Depreciation and amortization                       3,653,000
Amortization of CRDA bond discount/interest            (1,000)
Deferred income taxes                                       0
Amortization of deferred rental income               (202,000)
Rent/interest expense amortization                    108,000
Loss on disposal of property and equipment                  0
   and other assets
Loss on reinvestment obligation                       140,000
Provision for doubtful accounts                       136,000
Increase in accrued interest to parent                      0
   company
Sales & luxury tax rebates                            169,000
Changes in operating assets and liabilities:
(Increase) Decrease in receivables                 (1,998,000)
(Increase) Decrease in inventories                   (189,000)
(Increase) Decrease in prepaid expenses and         2,647,000
   other
Decrease in other assets                              882,000
(Decrease)/Increase in accounts payable,              308,000
   accrued expenses and other
                                                --------------
Net cash provided by operating activities            1,367,000
                                                --------------

Cash Flows from Investing Activities:
Proceeds from sale of property and equipment                0
Acquisition of property and equipment              (1,229,000)
Sales & luxury tax rebates                            728,000
Proceeds from reduction in investments                 (1,000)
(Additions) Reductions in other long term               8,000
   assets
Additions to investments                             (279,000)
                                                --------------
Net cash used in investing activities                 (773,000)
                                                --------------

Cash Flows from Financing Activities:
Advances from NJ affiliates, net                      404,000
Advances from/(to) affiliates, net                          0
Principal payments on long-term debt                   (4,000)
                                                --------------
Net cash provided by financing activities              400,000
                                                --------------

Net increase in cash                                   994,000
Cash and cash equivalents at beginning of           68,784,000
period
                                                --------------
Cash and cash equivalents at end of period         $69,778,000
                                                ==============

                   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)


TRUMP ENTERTAINMENT: Posts $13.6 Million Net Loss in December
-------------------------------------------------------------
On January 20, 2010, Trump Entertainment Resorts, Inc., and
certain of its direct and indirect subsidiaries filed their
monthly operating report for the month ended December 31, 2009,
with the United States Bankruptcy Court for the District of
New Jersey in Camden, New Jersey.

The Debtors reported a consolidated net loss of $13.6 million on
net revenues of $50.1 million for the period.

At December 31, 2009, the Debtors had $1.409 billion in total
assets and $2.098 billion in total liabilities.  Cash and cash
equivalents were approximately $66.1 billion at December 31, 2009,
compared with approximately $77.7 million at the beginning
of the period.

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

               http://researcharchives.com/t/s?4e99

Based in Atlantic City, New Jersey, Trump Entertainment Resorts
Inc. (NASDAQ: TRMP) -- http://www.trumpcasinos.com/-- owns and
operates three casino hotel properties in Atlantic City, New
Jersey, which include Trump Taj Mahal Casino Resort, Trump Plaza
Hotel and Casino, and Trump Marina Hotel Casino.  The Company
conducts gaming activities and provides customers with casino
resort and entertainment.

Donald Trump is a shareholder of the Company and, as its non-
executive Chairman, is not involved in the daily operations of the
Company.  The Company is separate and distinct from Mr. Trump's
privately held real estate and other holdings.

Trump Entertainment Resorts, TCI 2 Holdings, LLC, and other
affiliates filed for Chapter 11 on February 17, 2009 (Bankr. D.
N.J., Lead Case No. 09-13654).  The Company has tapped Charles A.
Stanziale, Jr., Esq., at McCarter & English, LLP, as lead counsel,
and Weil Gotshal & Manges as co-counsel.  Ernst & Young LLP is the
Company's auditor and accountant and Lazard Freres & Co. LLC is
the financial advisor.  Garden City Group is the claims agent.
The Company disclosed assets of $2,055,555,000 and debts of
$1,737,726,000 as of December 31, 2008.

Trump Hotels & Casino Resorts, Inc., filed for Chapter 11
protection on Nov. 21, 2004 (Bankr. D. N.J. Case No. 04-46898
through 04-46925).  Trump Hotels' obtained the Court's
confirmation of its Chapter 11 plan on April 5, 2005, and in May
2005, it exited from bankruptcy under the name Trump Entertainment
Resorts Inc.


VINEYARD NATIONAL: Posts $81,308 Net Loss in December
-----------------------------------------------------
On January 15, 2010, Vineyard National Bancorp filed its
unaudited monthly operating report for the month of December 2009
with the Office of the United States Trustee.

The Debtor ended the period with $1,832,817 cash in its general
account.  The Debtor recorded a net loss of $81,308 for the month.
Cumulative post-petition net loss was $603,081.

As of December 31, 2009, the Debtor had $2,025,141 in total assets
and $181,594,140 in total liabilities.

A full-text copy of the December 2009 operating report is
available at no charge at http://researcharchives.com/t/s?4e6d

                      About Vineyard National

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

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

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

Vineyard National Bancorp filed for Chapter 11 on June 21, 2009
(Bankr. C.D. Calif. Case No. 09-26401).



                            *********

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

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

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

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

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

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

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

                           *********

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

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  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 2010.  All rights reserved.  ISSN: 1520-9474.

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

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

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