TCR_Public/100206.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, February 6, 2010, Vol. 14, No. 36

                            Headlines



ACCREDITED HOME: Ends December With $13.4 Million Cash
ADVANTA CORP: Posts $32.7 Million Net Loss in December
CMR MORTGAGE: Posts $7,699,102 Net Loss in December
ECO2 PLASTICS: Posts $169,278 Net Loss in December
FINLAY ENTERPRISES: Earns $27,419 in Period Ended January 2

GOODY'S LLC: Posts $305,712 Net Loss in November
JEVIC TRANSPORTATION: Earns $22,603 in August
MERISANT WORLDWIDE: Posts $43.9 Million Net Loss in December
NEXTMEDIA GROUP: Ends December With $9.1 Million Cash
PENN TRAFFIC: Posts $1,884,000 Net Loss in Month Ended December 26

PNG VENTURES: Posts $529,866 Net Loss in December
PROVIDENT ROYALTIES: Posts $41.6 Million Net Loss in December
QIMONDA NA: Posts $1.9 Million Net Loss in December
QIMONDA RICHMOND: Reports $16.7 Million Net Loss in December
RATHGIBSON INC: Posts $4.7 Million Net Loss in December

SILICON GRAPHICS: Ends December with $1,415,754 Cash
WASHINGTON MUTUAL: Posts $2.8 Million Net Loss in December
YOUNG BROADCASTING: Posts $1,268,572 Net Loss in December



                            *********



ACCREDITED HOME: Ends December With $13.4 Million Cash
------------------------------------------------------
Accredited Home Lenders Holding Co. filed with the U.S. Bankruptcy
Court for the District of Delaware on January 22, 2010, its
monthly operating report for the period December 1, 2009, through
December 31, 2009.

At December 31, 2009, the Debtors' condensed combined balance
sheet showed $185,688,247 in total assets and $376,287,472 in
total liabilities.

The Debtors ended the period with cash of $13,396,240:

     Beginning Cash           $14,143,801
     Total Cash Receipts         $816,581
     Total Cash Disbursements  $1,564,146
     Net Cash Flow              ($747,565)
     Ending Cash              $13,396,240

AHL disbursements for December include $1,306,779 for post-
petition professional fees.

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

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

Accredited Home Lenders Holding Co. -- http://www.accredhome.com/
-- is a mortgage banker servicing U.S. markets for conforming and
non-prime residential mortgage loans operating throughout the U.S.
and in Canada.  Founded in 1990, the company is headquartered in
San Diego.  The Company was acquired by Lone Star Funds for
$300 million in October 2007.  Lone Star also owns Bruno's
Supermarkets LLC and Bi-Lo LLC, two grocery retailers in Chapter
11.

Accredited Home and its affiliates filed for Chapter 11 on May 1,
2009 (Bankr. D. Del. Lead Case No. 09-11516).  Gregory G. Hesse,
Esq., Lynnette R. Warman, Esq., and Jesse T. Moore, Esq., at
Hunton & William LLP, represent the Debtors as counsel.  Laura
Davis Jones, Esq., James E. O'Neill, Esq., and Timothy P. Cairns,
Esq., at Pachulski Stang Ziehl & Jones LLP, serve as Delaware
counsel.  Kurtzman Carson Consultants is the Debtors' claims
agent.  Andrew I Silfen, Esq., Schuyler G. Carroll, Esq., Robert
M. Hirsch, Esq., at Arent Fox LLP in New York, and Jeffrey N.
Rothleder, Esq., at Arent Fox LLP in Washington, DC, represent the
official committee of unsecured creditors as co-counsel.  Neil R.
Lapinski, Esq., and Shelley A. Kinsella, Esq., at Elliott
Greenleaf, represent the Committee as Delaware and conflicts
counsel.

According to its bankruptcy petition, Accredited Home's assets
range from $10 million to $50 million and its debts from
$100 million to $500 million.


ADVANTA CORP: Posts $32.7 Million Net Loss in December
------------------------------------------------------
On January 29, 2010, Advanta Corp. and certain of its
subsidiaries filed their unaudited monthly operating report for
the month ended December 31, 2009, with the U.S. Bankruptcy Court
for the District of Delaware.

Advanta Corp. reported a net loss of $32.7 million for the
month of December.

At December 31, 2009, Advanta Corp. had $253.1 million in total
assets and $307.1 million in total liabilities.

A copy of the Debtors' December monthly operating report is
available at no charge at http://researcharchives.com/t/s?500c

                       About Advanta Corp.

Advanta Corp. -- http://www.advanta.com/-- has had a 59-year
history of being a leading innovator in the financial services
industry and of providing great value to its stakeholders,
including its senior retail note holders and shareholders, prior
to the recent reversals.  It has also been a major civic and
charitable force in the communities in which it is based,
particularly in the Greater Philadelphia area.

The Federal Deposit Insurance Corporation placed significant
restrictions on the activities of Advanta Corp.'s Advanta Bank
Corp. following financial woes by the banking unit.

As of Sept. 30, 2009, the Company had $2,497,897,000 in assets
against total liabilities of $2,465,936,000 but the figures
included those of the banking units.

On November 8, 2009, Advanta Corp. filed for Chapter 11 (Bankr. D.
Del. Case No. 09-13931).  Attorneys at Weil, Gotshal & Manges LLP,
and Richards, Layton & Finger, P.A., serve as bankruptcy counsel.
Alvarez & Marsal serves as financial advisor.  The Garden City
Group, Inc., serves as claims agent.  The filing did not include
Advanta Bank.  The petition says that Advanta Corp.'s assets
totalled $363,000,000 while debts totalled $331,000,000 as of
Sept. 30, 2009.


CMR MORTGAGE: Posts $7,699,102 Net Loss in December
---------------------------------------------------
CMR Mortgage Fund II, LLC, filed with the U.S. Bankruptcy Court
for the Northern District of California on January 29, 2010, its
monthly operating report for the month ended December 31, 2009.

The Company reported a net loss of $7,699,102 for the month of
December 2009.

At December 31, 2009, the Debtor had total assets of $63,757,719,
total liabilities of $37,121,971 and total equity of $26,635,748.

A full-text copy of the Debtor's operating report for December
2009 is available at http://researcharchives.com/t/s?5004

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

The Company and CMR Mortgage Fund III, LLC, filed for Chapter 11
protection on March 31, 2009 (Bankr. N. D. Calif. Case No. 09-
30788 and 09-30802).  Robert G. Harris, Esq., at the Law Offices
of Binder and Malter, represents the Debtor as counsel.  The
Debtor listed between $10 million and $50 million each in assets
and debts.


ECO2 PLASTICS: Posts $169,278 Net Loss in December
--------------------------------------------------
ECO2 Plastics, Inc. has filed a monthly operating report for the
month of December.  Additionally, the Company has filed a monthly
operating report for the partial month period November 25 through
November 30, 2009.

The Company reported a net loss of $169,278 for the month ended
December 31, 2009.

At December 31, 2009, the Company's balance sheet showed total
assets of $1,735,707 and total liabilities of $15,611,788.  The
Company ended December with $61,729 in unrestricted cash and cash
equivalents of $61,729, compared with beginning cash of $5,678.

A full-text copy of the Company's operating report for December is
available for free at http://researcharchives.com/t/s?5008

The Company reported a net loss of $29,047 for the period from
November 25, 2009, to November 30, 2009.

At November 30, 2009, the Company had total assets of $1,719,577
and total liabilities of $15,448,959.

A full-text copy of the Company's operating report for the period
from November 25, 2009, to November  30, 2009, is available for
free at http://researcharchives.com/t/s?5008

Based in Menlo, California, ECO2 Plastics, Inc. --
http://www.eco2plastics.com/-- has developed a process, referred
to as the ECO2 Environmental System.  The ECO2 Environmental
System cleans post-consumer plastics, without the use of water,
within a closed-loop system.  At September 30, 2009, the Company
had $1.7 million in assets and $6.4 million in debts.

ECO2 Plastics filed for Chapter 11 on November 24, 2009 (N.D.
Calif. Case No. 09-33702).  Penn Ayers Butler, Esq., and Tracy
Green, Esq., at Wendel, Rosen, Black and Dean LLP, represent the
Debtor as counsel.


FINLAY ENTERPRISES: Earns $27,419 in Period Ended January 2
-----------------------------------------------------------
On January 29, 2010, Finlay Enterprises, Inc., and a wholly-owned
subsidiary of the Company, Finlay Fine Jewelry Corporation filed
their unaudited monthly operating reports for the fiscal month
ended January 2, 2010, with the United States Bankruptcy Court
for the Southern District of New York.

For the fiscal month ended January 2, 2010, the Company reported
net profit of $27,419 on total revenue of $122,535,000.

At January 2, 2010, the Company had $161,770,745 in total assets
and $301,093,314 in total liabilities.  Cash held at the end of
November was $92.9 million, which was up from $78.8 million in
November.  Including A/P overdraft and credit card receivables,
unrestricted cash and equivalents were $107.8 million at
January 2, 2010.

A full-text copy of the Debtors' monthly operating report for the
fiscal month January 2, 2010, is available for free at:

               http://researcharchives.com/t/s?5005

Finlay Enterprises, Inc. (OTC Bulletin Board: FNLY) through its
wholly owned subsidiary, Finlay Fine Jewelry Corporation, is a
retailer of fine jewelry operating luxury stand-alone specialty
jewelry stores and licensed fine jewelry departments in department
stores throughout the United States and achieved sales of
$754.3 million in fiscal 2008.  The number of locations at the end
of the second quarter ended August 1, 2009, totaled 182, including
67 Bailey Banks & Biddle, 34 Carlyle and four Congress specialty
jewelry stores and 77 licensed departments with The Bon Ton.

The Company and seven affiliates filed for Chapter 11 on August 5,
2009 (Bankr. S. D. N.Y. Case No. 09-14873).  Weil, Gotshal &
Manges LLP, serves as bankruptcy counsel.  Alvarez & Marsal North
America, LLC, is engaged as restructuring advisor in the Chapter
11 case, and the firm's David Coles is appointed as chief
restructuring officer.  Epiq Bankruptcy Solutions, LLC, serves as
claims and notice agent.  Judge James Peck presides over the case.

In its bankruptcy petition, Finlay Enterprises disclosed assets of
$331,824,000 against debts of $385,476,000 as of July 4, 2009.  As
of the petition date, Finlay owes $38 million outstanding under a
first lien credit agreement, $24.7 million under second lien
notes, $176.6 million outstanding under third lien notes (in
addition to $17.5 million to secured vendors), and $40.6 million
under remaining unsecured obligations under the senior notes.

On September 25, 2009, the Bankruptcy Court appointed Gordon
Brothers Retail Partners, LLC, as agent for Finlay Enterprises and
its affiliates and subsidiaries to conduct "store closing" or
similar sales of merchandise located at all of the Company's
retail store locations and the Company's two distribution centers.
The transaction is expected to be completed by February 28, 2010.
Gordon Brothers bid 85.75 cents on the dollar for inventory valued
at an estimated $116 million for closings sales of 49 Finlay
stores.  Gordon had a prepetition contract to conduct store
closings sales for 55 other stores.


GOODY'S LLC: Posts $305,712 Net Loss in November
------------------------------------------------
Goody's LLC reported a net loss of $305,712 for the month of
November 2009.

At November 30, 2009, the Debtor had total assets of $50,755,897,
total liabilities of $68,795,781, and stockholders' deficit of
$18,039,884.

During the month of December 2009, the Company's schedule of cash
receipts and disbursements showed:

    Cash, beginning         $7,015,057
    Total Receipts            $175,887
    Total Disbursements       $107,767
    Net Cash Flow              $68,121
    Cash, end               $7,083,178

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

         http://bankrupt.com/misc/goody's.novembermor.pdf

Headquartered in Wilmington, Delaware, Goody's LLC, successor to
Goody's Family Clothing Inc., operates a chain of clothing stores.

Goody's Family Clothing Inc., and 19 of its affiliates filed for
Chapter 11 protection on June 9, 2008 (Bankr. D. Del. Lead Case
No. 08-11133).  Gregg M. Galardi, Esq., and Marion M. Quirk, Esq.,
at Skadden Arps Slate Meagher & Flom LLP, and Paul G. Jennings,
Esq., at Bass, Berry & Sims PLC, represented the Debtors.  The
Company emerged from bankruptcy October 20, 2008, after closing
more than 70 stores.  The reorganized entity was named Goody's
LLC, and headquartered in Wilmington, Delaware.

Goody's subsequently announced plans to liquidate in January
2009 when it was unable to restructure terms with creditors.
Goody's LLC and 13 of its affiliates filed for Chapter 11
protection on January 13, 2009 (Bankr. D. Del. Lead Case No.
09-10124).  M. Blake Cleary, Esq., at Young, Conaway, Stargatt &
Taylor, LLP; Paul G. Jennings, Esq., Gene L. Humphreys, Esq.,
Edward C. Meade, Esq., and Kristen C. Wright, Esq., at Bass Berry
& Sims PLC represent the Debtors as counsel.  Skadden, Arps, Slate
Meagher & Flom, LLP, is the Debtors' special counsel; FTI
Consulting Inc. is the Debtors' financial advisor.  Goody's has
closed its 282 stores and liquidated its inventory and other
assets.  In its schedules, Goody's LLC listed assets of
$542,231,601 and liabilities of $510,471,005.


JEVIC TRANSPORTATION: Earns $22,603 in August
---------------------------------------------
Jevic Transportation, Inc., filed with the U.S. Bankruptcy Court
for the District of Delaware on December 23, 2009, its monthly
operating report for the months of July and August 2009.

The Company reported net income of $22,603 for August.

At August 31, 2009, the Company had total assets of $770,431,
total liabilities of $10,206,497, and stockholders' deficit of
$9,436,066.

A full-text copy of the Company's monthly operating report for the
month ended August 31, 2009, is available at no charge at:

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

The Company reported net income of $7,791 for the filing period
ended July 31, 2009.

A full-text copy of the Company's monthly operating report for the
month ended July 31, 2009, is available at no charge at:

          http://bankrupt.com/misc/jevictrans.julymor.pdf

Based in Delanco, New Jersey, Jevic Transportation Inc. --
http://www.jevic.com/-- provides trucking services.  The Company
has two units: Jevic Holding Corp. and Creek Road Properties.
Neither of the units have assets nor operations.  The Company and
its affiliates filed for chapter 11 protection on May 20, 2008
(Bankr. D. Del. Case No. 08-11008).  Domenic E. Pacitti, Esq., and
Michael W. Yurkewicz, Esq., at Klehr Harrison Harvey Branzburg &
Ellers, in Wilmington, Delaware, represent Jevic Transportation.
The U.S. Trustee for Region 3 has appointed five creditors to
serve on an Official Committee of Unsecured Creditors.  Robert J.
Feinstein, Esq., Bruce Grohsgal, Esq., and Maria A. Bove, Esq., at
Pachulski Stang Ziehl & Jones LLP, in Wilmington, Delaware,
represent the Official Committee of Unsecured Creditors.

Before filing for bankruptcy, the Debtors initiated an orderly
wind-down process.  As a part of the wind-down process, the
Debtors have ceased substantially all of their business and
terminated approximately 90% of their employees.  The Debtors
continue to manage the wind-down process in attempt to deliver all
of the freight that is in their system and to retrieve their
assets.

When the Debtors filed for protection against their creditors,
they listed assets and debts between $50 million and $100 million.
As reported in the Troubled Company Reporter on Jan. 3, 2009,
The company reported a net loss of $296,469 on $0 revenues for the
month of September 2008.  At Sept. 30, 2008, the company had total
assets of $28,934,350, total liabilities of $36,188,467, and
stockholders' deficit of $7,254,117.


MERISANT WORLDWIDE: Posts $43.9 Million Net Loss in December
------------------------------------------------------------
Merisant Worldwide Inc. and its affiliates reported a net loss of
$43,891,557 on net sales of $93,942,561 for December 2009.

As of December 31, 2009, the Debtors had $313,781,000 in total
assets, including $37,897,000 in cash and cash equivalents,
against $779,064,000 in total liabilities.

A full-text copy of the Debtors' December report is available
at no charge at http://bankrupt.com/misc/merisant.decembermor.pdf

As reported in the Troubled Company Reporter on January 12, 2010,
Merisant Company announced January 11 that it has successfully
completed its financial restructuring and emerged from Chapter 11
Bankruptcy.

The United States Bankruptcy Court for the District of Delaware
approved Merisant's plan of reorganization on December 16.  The
Plan reduces the aggregate principal amount of Merisant's
indebtedness from $567 million to approximately $147 million,
lowering the Company's annual cash interest expense from
approximately $36 million to $11 million.

Private investment funds managed by Wayzata Investment Partners
LLC are now the majority stockholder of Merisant Company, which is
now the parent company of the Merisant group of companies.
Wayzata has designated five of the seven members of the new board
of directors and named Eugene "Gene" Davis chairman of the board.
Paul Block served as chairman from 2005-2010 and will remain
president and chief executive officer, roles he has held since
2004.  Mr. Block will continue to serve as a director of the
Company.

                     About Merisant Worldwide

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

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

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


NEXTMEDIA GROUP: Ends December With $9.1 Million Cash
-----------------------------------------------------
NextMedia Group, Inc., et al., ended December with $9.1 million in
unrestricted cash and cash equivalents.

At December 31, 2009, the Debtors had $217.1 million in total
assets, $268.8 million in total liabilities, and ($51.7 million)
in net owners' equity.

NextMedia Operating, Inc. reported a net loss of $6,856,653 on net
revenue of $4,164,218 for the month of December.

NextMedia Outdoor, Inc. reported net income of $560,562 on net
sales of $2,182,387 for the month of December.

A full-text copy of the Debtors' December operating report is
available for free at:

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

Greenwood Village, Colorado-based NextMedia Group, Inc., provides
out-of-home media services through radio broadcasting and outdoor
advertising.  The Debtors operate an aggregate of 36 AM and FM
radio stations in a total of seven rated and unrated small, mid-
size and suburban markets, including the Greenville-New Bern-
Jacksonville, North Carolina area; the Saginaw-Bay City-Midland,
Michigan area; Canton, Ohio; Myrtle Beach, South Carolina; San
Jose, California; suburban Chicago; and suburban Dallas.

NextMedia Group filed for Chapter 11 bankruptcy protection on
December 21, 2009 (Bankr. D. Delaware Case No. 09-14463).  The
Debtor's affiliates, NextMedia Investors LLC, et al., also filed
Chapter 11 bankruptcy petitions.  Paul N. Heath, Esq.; Michael J.
Merchant, Esq.; and Chun I. Jang, Esq., at Richards Layton &
Finger, assist the Debtors in their restructuring efforts.
NextMedia Group listed $50,000,001 to $100,000,000 in assets and
$100,000,001 to $500,000,000 in liabilities.


PENN TRAFFIC: Posts $1,884,000 Net Loss in Month Ended December 26
------------------------------------------------------------------
On January 27, 2010, The Penn Traffic Company, et al., filed their
monthly operating report for the month ended December 26, 2009,
with the U.S. Bankruptcy Court for the District of Delaware.

For the month ended December 26, 2009, the Debtors reported a
net loss of $1,884,000 on revenues of $56,154,000.

At December 26, 2009, the Debtors had $154,037,000 in total
assets, total liabilities of $149,365,000, and shareholders'
equity of $4,672,000.

A copy of the Debtors monthly operating report for the period
ended December 26, 2009, is available for free at:

               http://researcharchives.com/t/s?5007

                       About Penn Traffic

Syracuse, New York-based The Penn Traffic Company -- dba P&C
Foods, Bi-Lo Foods, and Quality Markets -- operates supermarkets
in Pennsylvania, upstate New York, Vermont, and New Hampshire
under the Bilo, P&C and Quality trade names.  The Company filed
for Chapter 11 bankruptcy protection on November 18, 2009 (Bankr.
D. Delaware Case No. 09-14078).  Ann C. Cordo, Esq., and Gregory
W. Werkheiser, Esq., at Morris, Nichols, Arsht & Tunnell assist
the Company in its restructuring effort.  Donlin Recano is the
Company's claims agent.  The Company listed $150,347,730 in assets
and $136,874,394 in liabilities as of May 4, 2009.

These affiliates also filed separate Chapter 11 petition: Sunrise
Properties, Inc.; Pennway Express, Inc.; Penny Curtiss Baking
Company, Inc.; Big M Supermarkets, Inc.; Commander Foods Inc.; P
and C Food Markets, Inc. of Vermont; and P.T. Development, LLC.


PNG VENTURES: Posts $529,866 Net Loss in December
-------------------------------------------------
On January 28, 2010, PNG Ventures, Inc., et al., filed their
monthly operating report for the month ended December 31, 2009.

PNG Ventures reported a net loss of $529,866 on total revenue of
$1,913,821 for the month of December 2009.  Earnings before
interest, taxes, depreciation and amortization was $298,796.

At December 31, 2009, PNG Ventures had $38,563,983 in total
assets and $48,243,627 in total liabilities.

A full-text copy of the Debtors' December operating report is
available for free at http://researcharchives.com/t/s?5083

PNG Ventures, Inc., produces, distributes, and sells liquefied
natural gas to customers within the transportation, industrial,
and municipal markets in the western United States and parts of
Mexico.  The Company sells substantially all of its LNG to fleet
customers, who typically own and operate their fueling stations.
The Company also sells a small volume of LNG to customers for non-
vehicle use.  The Company owns one public LNG fueling station from
which it sells LNG to numerous parties.  The Company produces LNG
at its liquefaction plant in Arizona, but also purchases, from
time to time, LNG supplies from third parties, typically on spot
contracts.  The Company sells LNG principally through supply
contracts that are normally on an index-plus basis, although it
also occasionally enters into fixed-price contracts.

The Company is headquartered in Dallas, Texas.  The LNG business
conducts its operations principally in Arizona and California.
Through the Company's LNG business, the Company offers turnkey
fuel solutions to its customers, including clean LNG fuel (99%
methane gas) and delivery, equipment storage, fuel dispensing
equipment and fuel loading facilities.

PNG Ventures and its affiliates filed for Chapter 11 on
September 10, 2009 (Bankr. D. Del. Case No. 09-13162).  Attorneys
at Fox Rothschild LLP represent the Debtors in their restructuring
effort.  Logan & Co. serves as claims and notice agent.


PROVIDENT ROYALTIES: Posts $41.6 Million Net Loss in December
-------------------------------------------------------------
Provident Royalties LLC, et al., posted a net loss of
$41,606,811 on net revenue of $22,198,000 million for the month of
December.  Results for the month included a $39,266,857 loss on
sale of assets.

The Debtors ended the month with $17,850,452 in cash.  The Debtors
paid $1,697,112 in professinal fees during the month.

At December 31, 2009, the Debtors had total assets of
$280,650,135, total liabilities of $86,527,735, and total equity
of $194,122,400.

A copy of the Debtors' December operating report is available for
free at:

   http://bankrupt.com/misc/providentroyalties.decmor.part1.pdf
   http://bankrupt.com/misc/providentroyalties.decmor.part2.pdf

                     About Provident Royalties

Based in Dallas, Texas, Provident Royalties LLC owns working
interests in oil and gas properties primarily in Oklahoma.
Provident and its affiliates filed for Chapter 11 on June 22, 2009
(Bankr. N.D. Tex. Case No. 09-33886).  Judge Harlin DeWayne Hale
presides over the case.  Epiq Bankruptcy Solutions, LLC is
the claims and noticing agent.  The United States Trustee for
the Northern District of Texas appointed nine members to the
Official Committee of Unsecured Creditors.

On July 2, 2009, the Securities and Exchange Commission filed,
under seal, a complaint in District Court for the Northern
District of Texas against the Debtors and certain of their
principals and managing partners on allegations that they sold
stock and limited partnership interest to over 7,700 investors as
part of a $485 million Ponzi scheme.

On July 2, 2009, the District Court for the Northern District of
Texas appointed Dennis L. Roossien, Jr., at Munsch Hardt Kopf &
Harr P.C. in Dallas, Texas, as receiver for the Debtors.  On
July 20, 2009, the Bankruptcy Court appointed the receiver as the
Debtors' Chapter 11 trustee.  Mr. Roossien, Jr., has taken
possession and control of the Debtors' property and business.

Mr. Roossien, Jr., has selected Patton Boggs, LLP, as his special
counsel.  Patton Boggs, LLP, was Debtors' counsel before the
appointment of Mr. Roossien, Jr., as Chapter 11 trustee.  Mr.
Roossien, Jr., has selected Munsch Hardt Koph & Harr, P.C., as
counsel.  Gardere, Wynne, Sewell, LLP represents the official
committee of unsecured creditors.  Rochelle McCullough, LLP
represents the official investors committee.

The Company, in its petition, listed between $100 million and
$500 million each in assets and debts.


QIMONDA NA: Posts $1.9 Million Net Loss in December
---------------------------------------------------
Qimonda North America Corp. reported a net loss of $1.9 million
for the filing period ended December 31, 2009.

At December 31, 2009, the Company had total assets of
$298.0 million, total liabilities of $217.8 million, and total
stockholders' equity of $80.2 million.

The Company's schedule of cash receipts and disbursements for the
month of December 2009 showed:

     Cash, beginning         $7.8 million
     Total receipts          $1.6 million
     Total disbursements     $2.2 million
     Net Cash Flow           (0.6 million)
     Cash, end               $7.2 million

The Company paid $638,132 in professional fees and reimbursed
$27,079 in professional expenses during the month of December.

A copy of Qimonda North America's December monthly operating
report is available for free at:

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

Qimonda AG (NYSE: QI) -- http://www.qimonda.com/-- is a leading
global memory supplier with a diversified DRAM product portfolio.
The Company generated net sales of EUR1.79 billion in financial
year 2008 and had -- prior to its announcement of a repositioning
of its business -- approximately 12,200 employees worldwide, of
which 1,400 were in Munich, 3,200 in Dresden and 2,800 in Richmond
(Virginia, USA).  The Company provides DRAM products with a focus
on infrastructure and graphics applications, using its power
saving technologies and designs.  Qimonda is an active innovator
and brings high performance, low power consumption and small chip
sizes to the market based on its breakthrough Buried Wordline
technology.

Qimonda AG commenced insolvency proceedings with a local court in
Munich, Germany, on January 23, 2009.  On June 15, 2009, QAG filed
a petition for relief under Chapter 15 of the Bankruptcy Code
(Bankr. E.D. Virginia Case No. 09-14766).

Qimonda North America Corp., an indirect and wholly owned
subsidiary of QAG, is the North American sales and marketing
subsidiary of QAG.  QNA is also the parent company of Qimonda
Richmond LLC.  QNA and QR filed for Chapter 11 on February 20
(Bankr. D. Del. Lead Case No. 09-10589).  Mark D. Collins, Esq.,
Michael J. Merchant, Esq., and Maris J. Finnegan, Esq., at
Richards Layton & Finger PA, represents the Debtors as counsel.
Roberta A. DeAngelis, the United States Trustee for Region 3,
appointed seven creditors to serve on an official committee of
unsecured creditors.  Jones Day and Ashby & Geddes represent the
Committee.  In its bankruptcy petition, Qimonda Richmond, LLC,
listed more than US$1 billion each in assets and debts.  The
information was based on Qimonda Richmond's financial records
which are maintained on a consolidated basis with Qimonda North
America Corp.


QIMONDA RICHMOND: Reports $16.7 Million Net Loss in December
------------------------------------------------------------
Qimonda Richmond, LLC, reported a net loss of $16.7 million for
the filing period ended December 31, 2009.

At December 31, 2009, the Company had $567.5 million in total
assets and $1.08 billion in total liabilities.

The Company's schedule of cash receipts and disbursements for the
month of December 2009 showed:

     Cash, beginning         $95.6 million
     Total receipts          $10.7 million
     Total disbursements     $10.9 million
     Net Cash Flow            $0.2 million
     Cash, end               $95.4 million

The Company paid $332,132 in professional fees during the month of
December.

A copy of Qimonda Richmond's December operating report is
available for free at:

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

Qimonda AG (NYSE: QI) -- http://www.qimonda.com/-- is a leading
global memory supplier with a diversified DRAM product portfolio.
The Company generated net sales of EUR1.79 billion in financial
year 2008 and had -- prior to its announcement of a repositioning
of its business -- approximately 12,200 employees worldwide, of
which 1,400 were in Munich, 3,200 in Dresden and 2,800 in Richmond
(Virginia, USA).  The Company provides DRAM products with a focus
on infrastructure and graphics applications, using its power
saving technologies and designs.  Qimonda is an active innovator
and brings high performance, low power consumption and small chip
sizes to the market based on its breakthrough Buried Wordline
technology.

Qimonda AG commenced insolvency proceedings with a local court in
Munich, Germany, on January 23, 2009.  On June 15, 2009, QAG filed
a petition for relief under Chapter 15 of the Bankruptcy Code
(Bankr. E.D. Virginia Case No. 09-14766).

Qimonda North America Corp., an indirect and wholly owned
subsidiary of QAG, is the North American sales and marketing
subsidiary of QAG.  QNA is also the parent company of Qimonda
Richmond LLC.  QNA and QR filed for Chapter 11 on February 20
(Bankr. D. Del. Lead Case No. 09-10589).  Mark D. Collins, Esq.,
Michael J. Merchant, Esq., and Maris J. Finnegan, Esq., at
Richards Layton & Finger PA, represents the Debtors as counsel.
Roberta A. DeAngelis, the United States Trustee for Region 3,
appointed seven creditors to serve on an official committee of
unsecured creditors.  Jones Day and Ashby & Geddes represent the
Committee.  In its bankruptcy petition, Qimonda Richmond, LLC,
listed more than US$1 billion each in assets and debts.  The
information was based on Qimonda Richmond's financial records
which are maintained on a consolidated basis with Qimonda North
America Corp.


RATHGIBSON INC: Posts $4.7 Million Net Loss in December
-------------------------------------------------------
RathGibson Inc., et al., reported a net loss of $4.7 million and
an operating loss of $2.6 million on net sales of $13.1 million in
December.  Adjusted for exceptional items of $1,009,834, earnings
before interest, taxes, depreciation and amortization (Adjusted
EBITDA) was $30,976.

At December 31, 2009, the Debtors had $310.1 million in total
assets and total liabilities of $493.9 million.

A copy of the Debtors' December operating report is available at
no charge at http://bankrupt.com/misc/rathgibson.decembermor.pdf

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

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

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

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


SILICON GRAPHICS: Ends December with $1,415,754 Cash
----------------------------------------------------
On January 20, 2010, Graphics Properties Holdings, Inc., f/k/a
Silicon Graphics, Inc., filed with the U.S Bankruptcy Court for
the Southern District of New York a monthly operating report for
the period from December 1, 2009, to December 31, 2009.

The Debtor ended December with $1,415,754 cash:

    Cash, beginning         $1,900,658
    Total receipts                  $0
    Total disbursements       $484,904
    Net cash flow            ($484,904)
    Cash, end               $1,415,754

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

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

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

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

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

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


WASHINGTON MUTUAL: Posts $2.8 Million Net Loss in December
----------------------------------------------------------
On February 1, 2010, Washington Mutual, Inc., and WMI Investment
Corp. filed their monthly operating report for the period
December 1, 2009, to December 31, 2009, with the United States
Bankruptcy Court for the District of Delaware.

Washington Mutual reported a net loss of $2.8 million on total
revenues of $12.6 million for the month of December.

At December 31, 2009, Washington Mutual had $6.935 billion in
total assets, $8.300 billion in total liabilities, and
shareholders' deficit of $1.365 billion.

WMI Investment reported net income of $18.4 million on total
revenues of $18.7 million for the month of December.

At December 31, 2009, WMI Investment had $922.18 million in total
assets, $314,825 in total liabilities, and 921.87 million in
stockholders' equity.

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

               http://researcharchives.com/t/s?5085

                     About Washington Mutual

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

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

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


YOUNG BROADCASTING: Posts $1,268,572 Net Loss in December
---------------------------------------------------------
On January 27, 2010, Young Broadcasting Inc. and its subsidiaries
filed their monthly operating report for the month ended
December 31, 2009, with the United States Bankruptcy Court for
the Southern District of New York.

The Debtors posted a consolidated net loss of $1,268,572 on net
operating revenues of $15,189,899 for the month of December.  Net
operating income was $4,390,199 for a net operating margin of
$28.9%.

Reorganization costs were $3,316,558 for the month.

As of December 31, 2009, the Company had $338,437,465 in total
assets, $30,541,175 in total liabilities not subject to
compromise, and $910,572,348 in total liabilities subject to
compromise, resulting in a $602,676,059 stockholders' deficit.

A full-text copy of Young Broadcasting's December operating report
is available at http://researcharchives.com/t/s?5084

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

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



                           *********

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.

                  *** End of Transmission ***