TCR_Public/100424.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, April 24, 2010, Vol. 14, No. 112

                            Headlines

CHEMTURA CORP: Posts $25 Million Net Loss in March
CITADEL BROADCASTING: Reports $4,142,899 Net Income for February
CIRCUIT CITY: Has $938.1MM in Current Assets at End of January
COOPER-STANDARD: CSA FHS Reports $3,807,299 Profit for February
COOPER-STANDARD: CSA OH Reports $2,667,071 Profit for February

COOPER-STANDARD: CSA Inc. Reports $8.97MM Loss for February
FREMONT GENERAL: Posts $3.3 Million Net Loss in March
GEMS TV: Cash Declining to $19.2 Million by July 2
GUARANTY FINANCIAL: Posts $109,023 Net Loss in March
LEHMAN BROTHERS: Has Cash & Investments of $16.6 Bln. at March 31

LYONDELL CHEMICAL: Reports $129 Million Net Loss for February
PCAA PARENT: Posts $1,254,949 Net Loss in February
TARRAGON CORP: Ends February With $3.3 Mln. in Unrestricted Cash
TLC VISION: Posts $3,502,779 Net Loss in January
TRONOX INC: Has March Loss From Environmental Costs

TRUMP ENTERTAINMENT: Posts $5.8 Million Net Loss in March
VINEYARD NATIONAL: Ends March With $1,318,816 Cash
WHITE ENERGY: Profits Shrink in Three-Month Period
XERIUM TECHNOLOGIES: Initial MOR Shows 13-Week Cash Projections



                            *********



CHEMTURA CORP: Posts $25 Million Net Loss in March
--------------------------------------------------
On April 15, 2010, Chemtura Corporation filed with the U.S.
Bankruptcy Court for the Southern District of New York its monthly
operating Report for March 2010.

Chemtura Corporation reported a net loss of $25 million on net
sales of $223 million for March.  Reorganization items, net
amounted to $9 million.

At March 31, 2010, Chemtura had $4.090 billion in total assets,
$3.964 billion in total liabilities, and $126 million in total
stockholders' equity.

The Debtor had cash and cash equivalents of $35 million at the end
of March, compared with cash and cash equivalents of $57 million
at the beginning of the period.

A full-text copy of the March monthly operating report is
available at no charge at http://researcharchives.com/t/s?609c

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

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

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

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


CITADEL BROADCASTING: Reports $4,142,899 Net Income for February
----------------------------------------------------------------
                Citadel Broadcasting Corporation
                         Balance Sheet
                    As of February 28, 2010

                             ASSET

Current assets:
Cash                                                 $95,417,893
Accounts receivable                                  129,433,189
Prepaid expenses and other current assets             21,686,529
                                                 ---------------
  Total current assets                              $246,537,611

Property & equipment:
Real property and improvements                       159,616,015
Towers and transmitters                              195,026,852
Furniture, fixtures and office equipment              30,325,992
Leasehold improvements                                35,672,862
Vehicles                                               9,183,080
  less: Accumulated depreciation                    (230,532,426)
                                                 ---------------
  Total property and equipment                      $199,292,375

Other assets:
FCC Licenses                                         598,457,766
Goodwill                                             321,975,708
Other tangibles                                       21,971,983
Other non current assets                              49,026,708
                                                 ---------------
  Total other assets                                 991,432,165

Total assets                                      $1,437,262,151
                                                 ===============

          LIABILITIES & SHAREHOLDERS' EQUITY (DEFICIT)

Liabilities not subject to compromise:
Accounts payable                                      $5,154,758
Taxes payable                                          1,316,785
Compensation and benefits payable                     10,991,570
Deferred tax liability                               180,390,310
Other liabilities                                     23,473,943
                                                 ---------------
  Total liabilities not subject to compromise       $221,327,366

Liabilities subject to compromise:
AP and accrued liabilities                           $75,558,458
Notes payable                                      2,144,387,154
Convertible notes                                     48,310,000
                                                 ---------------
  Total liabilities subject to compromise         $2,268,255,612

Total liabilities                                 $2,489,582,978

Shareholders equity (deficit):
Common stock                                          $2,940,365
Treasury stock                                      (344,373,971)
Additional paid-in capital                         2,447,787,296
Retained earnings - prepetition                   (3,167,418,092)
Retained earnings - postpetition                       8,743,575
                                                 ---------------
  Shareholders' equity (deficit)                 ($1,052,320,827)

Total liabilities & shareholders'                 $1,437,262,151
  equity (deficit)                               ===============

                Citadel Broadcasting Corporation
                    Statement of Operations
             For the month ended February 28, 2010

Revenues:
Cash                                                 $51,980,810
Trade                                                  1,460,509
                                                 ---------------
  Net revenue                                        $53,441,319

Operating expenses:
Advertising and promotions                              $359,932
Bad debts                                                348,780
Compensation and benefits                             21,301,208
Depreciation and amortization                          2,246,646
General and administrative                             4,719,705
Programming costs                                      6,145,883
Real estate, property, and other taxes                   397,284
Rent                                                   1,624,842
Payroll taxes                                          1,632,327
Trade expenses                                         1,473,592
Utilities                                              1,414,509
                                                 ---------------
  Total operating expenses                           $41,664,708

Operating income                                      11,776,611

Interest expense, net                                  3,271,955
Reorganization items                                   4,361,757
                                                 ---------------
Income before taxes                                    4,142,899
Income taxes                                                   -
                                                 ---------------
Net income                                            $4,142,899
                                                 ===============

                Citadel Broadcasting Corporation
          Schedule of Cash Receipts and Disbursements
             For the month ended February 28, 2010

Cash beginning of period                             $80,220,953

Receipts:
Cash sales                                                     -
Accounts receivable                                   69,717,300
Transfers from operations                                      -
                                                 ---------------
  Total receipts                                     $69,717,300

Disbursements:
Net payroll                                         ($13,355,278)
Payroll taxes                                         (6,956,661)
Operating expenses                                   (27,919,215)
Rent                                                  (2,015,787)
Interest & debt related charges                       (3,319,035)
Professional fees                                       (954,383)
                                                 ---------------
  Total disbursements                               ($54,520,359)

Net cash flow                                         15,196,941

Cash end of month                                    $95,417,893
                                                 ===============

                    About Citadel Broadcasting

Citadel Broadcasting Corporation (OTC BB: CTDB) --
http://www.citadelbroadcasting.com/-- is the third largest radio
group in the United States, with a national footprint reaching
more than 50 markets.  Citadel is comprised of 166 FM stations and
58 AM stations in the nation's leading markets, in addition to
Citadel Media, which is one of the three largest radio networks in
the United States.

Citadel Broadcasting filed for Chapter 11 with 50 affiliates on
Dec. 20, 2009, in Manhattan (Bankr. S.D.N.Y. Case No. 09-17422).
The Company listed assets of $1.4 billion and debt of $2.5 billion
in its Chapter 11 filing.  Kirkland & Ellis LLP is serving as
legal counsel and Lazard Freres & Co. LLC.  As financial advisor
for the restructuring.  Kurtzman Carson Consultants is serving as
claims and notice agent.

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


CIRCUIT CITY: Has $938.1MM in Current Assets at End of January
--------------------------------------------------------------
               Circuit City Stores, Inc., et al.
                         Balance Sheet
                     As of January 31, 2010

                             ASSETS

Current Assets
Cash and cash equivalents                        $335,190,000
Restricted cash                                     5,313,000
Short-term investments                              1,044,000
Accounts receivable, net                          345,266,000
Income tax receivable                             159,757,000
Prepaid expenses and other current assets           6,376,000
Intercompany receivables and investments           85,185,000
   in subsidiaries
                                                --------------
Total Current Assets                               938,131,000

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

Other Assets                                        20,264,000
                                                --------------
TOTAL ASSETS                                      $961,838,000
                                                ==============

              LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
Merchandise payable                              $174,324,000
Expenses payable                                   20,132,000
Accrued expenses and other current                 31,285,000
   liabilities
Intercompany payables                                 607,000
                                                --------------
Total Current Liabilities                          226,348,000

Deferred income taxes                                7,084,000
Other Liabilities                                            0
                                                --------------
Liabilities Not Subject to Compromise              233,432,000

Liabilities Subject to Compromise                1,386,682,000
                                                --------------
Total Liabilities                                1,620,114,000

Stockholders' Equity
Common stock                                      435,612,000
Additional paid-in capital                        304,915,000
Retained deficit                               (1,389,444,000)
Accumulated other comprehensive income             (9,359,000)
                                                --------------
Total Stockholders' Equity                        (658,276,000)
                                                --------------
Total Liabilities & Shareholders' Deficit         $961,838,000
                                                ==============

               Circuit City Stores, Inc., et al.
                        Income Statement
             For the Month Ended January 31, 2010

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

Selling, general and administrative expenses         4,100,000
(net gain)
Asset impairment charges                                     0
                                                --------------
Operating income                                    (4,100,000)

Interest income                                              0
Interest expense                                             0
                                                --------------
Loss before reorganization items, GAAP              (4,100,000)
reversals and income taxes

Net loss from reorganization items                  (1,236,000)
Net gain from GAAP reversals                                 0
Income tax expense                                      (1,000)
                                                --------------
NET INCOME                                         ($5,337,000)
                                                ==============

                        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.

In May 2009, Systemax Inc., a multi-channel retailer of computers,
electronics, and industrial products, acquired certain assets,
including the name Circuit City, from the Debtors through a Court-
approved auction.

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).


COOPER-STANDARD: CSA FHS Reports $3,807,299 Profit for February
---------------------------------------------------------------

               Cooper-Standard Automotive FHS Inc.
                    Unaudited Balance Sheet
                    As of February 28, 2010

ASSETS
Current Assets
Cash and cash equivalents                             $803,725
Account receivable, net                             23,236,484
Inventories, net                                     9,599,127
Prepaid expenses                                       (39,496)
Intercompany receivable                             92,192,738
Others                                                       -
                                                 --------------
Total current assets                               125,792,578

Property, plant and equipment, net                   33,034,246
Goodwill                                                      -
Intangibles, net                                        627,328
Intercompany investments                              2,405,255
Long-term intercompany receivable                             -
Other assets                                              8,622
                                                 --------------
Total assets                                       $161,868,029
                                                 ==============

LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)

Liabilities not subject to compromise:
Current liabilities:
Debt Payable within One Year                                 -
Accounts payable                                     7,710,783
Payroll liabilities                                    768,274
Accrued liabilities                                  1,282,421
Intercompany payable                                         -
                                                 --------------
Total current liabilities                             9,761,478

Long-term debt                                                -
Pension benefits                                              -
Post-retirement benefits other than pensions                  -
Deferred tax liabilities                              5,853,238
Other long-term liabilities                             199,082
Liabilities subject to compromise                     2,277,809
                                                 --------------
Total liabilities                                    18,091,607

Common stock                                                  -
Intercompany common stock                                     -
Additional paid-in capital                                    -
Intercompany paid-in capital                        120,302,465
Retained Earnings (Accumulated deficit)              23,454,755
Accumulated other comprehensive income (loss)            19,202
                                                 --------------
Total stockholders' equity (deficit)                143,776,422
                                                 --------------
Total liabilities and equity (deficit)             $161,868,029
                                                 ==============

               Cooper-Standard Automotive FHS Inc.
                   Unaudited Income Statement
             For the Period Ended February 28, 2010

Sales                                               $16,691,434
Material                                             7,118,316
Labor                                                1,127,062
Overhead                                             3,834,663
Scrap & Other                                          804,511
                                                 --------------
Cost of products sold                                12,884,552

Gross profit                                          3,806,882

Salary & Benefits                                            -
Supplies/Occupancy                                           -
Travel & Entertainment                                       -
Contract Services                                            -
Other                                                        -
Impairment                                                   -
Amortization of intangibles                             13,170
Restructuring                                           11,642
                                                 --------------
Total SG&A Expenses                                      24,812

Operating profit (loss)                               3,782,070

Reorganization Items, net                                     -
Royalty income (loss)                                         -
Other income (expense)                                   25,229
Equity earnings (losses)                                      -
                                                 --------------
EBIT                                                  3,807,299

Interest income (expense)                                     -
                                                 --------------
Income (loss) before income taxes                     3,807,299

Provision for income tax (benefit)                            -
                                                 --------------
Net income (loss)                                    $3,807,299
                                                 ==============

CS Automotive FHS also reported total receipts of $49,310 and
total disbursements of -$8,116,067 for February 2010.

                       About Cooper-Standard

Cooper-Standard Automotive Inc. -- http://www.cooperstandard.com/
-- headquartered in Novi, Michigan, is a leading global automotive
supplier specializing in the manufacture and marketing of systems
and components for the automotive industry.  Products include body
sealing systems, fluid handling systems and NVH control systems.
The Company is one of the leading suppliers of chassis products in
North America, with about 14% of market share.  The Company's main
custoemrs include Ford Motor Company, General Motors, Chrysler,
Audi, Volkswagen, BMW, Fiat and Honda, among other automakers.
Cooper-Standard Automotive employs approximately 16,000 people
globally with more than 70 facilities throughout the world.

Cooper-Standard is a privately held portfolio company of The
Cypress Group and Goldman Sachs Capital Partners Funds.

Cooper-Standard Holdings Inc., together with affiliates, filed for
Chapter 11 on August 4, 2009 (Bankr. D. Del. Case No. 09-12743).
Attorneys at Fried, Frank, Harris, Shriver & Jacobson LLP and
Richards, Layton & Finger, P.A., will serve as bankruptcy counsel
to the Debtors.  Lazard Freres & Co. is serving as investment
banker while Alvarez & Marsal is financial advisor.  Kurtzman
Carson Consultants LLC is notice, claims and solicitation agent.
In its bankruptcy petition, the Company said that assets on a
consolidated basis total $1,733,017,000 while debts total
$1,785,039,000 as of March 31, 2009.

The Company's Canadian subsidiary, Cooper-Standard Automotive
Canada Limited, also sought relief under the Companies' Creditors
Arrangement Act in the Ontario Superior Court of Justice in
Toronto, Ontario, Canada.

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


COOPER-STANDARD: CSA OH Reports $2,667,071 Profit for February
--------------------------------------------------------------

               Cooper-Standard Automotive OH, LLC
                    Unaudited Balance Sheet
                    As of February 28, 2010

ASSETS
Current Assets
Cash and cash equivalents                               $1,877
Account receivable, net                             23,482,379
Inventories, net                                     4,756,075
Prepaid expenses                                       307,171
Intercompany receivable                            508,426,012
Others                                                       -
                                                 --------------
Total current assets                               536,973,514

Property, plant and equipment, net                   40,052,628
Goodwill                                                      -
Intangibles, net                                              -
Intercompany investments                                      -
Long-term intercompany receivable                             -
Other assets                                             25,690
                                                 --------------
Total assets                                       $577,051,832
                                                 ==============

LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)

Liabilities not subject to compromise:
Current liabilities:
Debt Payable within One Year                                 -
Accounts payable                                     4,226,178
Payroll liabilities                                  1,329,809
Accrued liabilities                                    297,626
Intercompany payable                                         -
                                                 --------------
Total current liabilities                             5,853,613

Long-term debt                                                -
Pension benefits                                              -
Post-retirement benefits other than pensions                  -
Deferred tax liabilities                                      -
Other long-term liabilities                              59,787
Liabilities subject to compromise                       551,966
                                                 --------------
Total liabilities                                     6,465,366

Common stock                                                  -
Intercompany common stock                                     -
Additional paid-in capital                                    -
Intercompany paid-in capital                         18,336,000
Retained Earnings (Accumulated deficit)             552,250,466
Accumulated other comprehensive income (loss)                 -
                                                 --------------
Total stockholders' equity (deficit)                570,586,466
                                                 --------------
Total liabilities and equity (deficit)             $577,051,832
                                                 ==============

               Cooper-Standard Automotive OH, LLC
                   Unaudited Income Statement
              For the Period Ended February 28, 2010

Sales                                               $14,416,616
Material                                             5,525,234
Labor                                                1,960,173
Overhead                                             3,636,969
Scrap & Other                                          628,594
                                                 --------------
Cost of products sold                                11,750,970

Gross profit                                          2,665,646

Salary & Benefits                                            -
Supplies/Occupancy                                           -
Travel & Entertainment                                       -
Contract Services                                            -
Other                                                      150
Impairment                                                   -
Amortization of intangibles                                  -
Restructuring                                                -
                                                 --------------
Total SG&A Expenses                                         150

Operating profit (loss)                               2,665,496

Reorganization Items, net                                     -
Royalty income (loss)                                         -
Otber income (expense)                                    1,575
Equity earnings (losses)                                      -
                                                 --------------
EBIT                                                  2,667,071

Interest income (expense)                                     -
                                                 --------------
Income (loss) before income taxes                     2,667,071

Provision for income tax (benefit)                            -
                                                 --------------
Net income (loss)                                    $2,667,071
                                                 ==============

CS Automotive OH also reported total disbursements of
-$11,544,297 for February 2010.

                       About Cooper-Standard

Cooper-Standard Automotive Inc. -- http://www.cooperstandard.com/
-- headquartered in Novi, Michigan, is a leading global automotive
supplier specializing in the manufacture and marketing of systems
and components for the automotive industry.  Products include body
sealing systems, fluid handling systems and NVH control systems.
The Company is one of the leading suppliers of chassis products in
North America, with about 14% of market share.  The Company's main
custoemrs include Ford Motor Company, General Motors, Chrysler,
Audi, Volkswagen, BMW, Fiat and Honda, among other automakers.
Cooper-Standard Automotive employs approximately 16,000 people
globally with more than 70 facilities throughout the world.

Cooper-Standard is a privately held portfolio company of The
Cypress Group and Goldman Sachs Capital Partners Funds.

Cooper-Standard Holdings Inc., together with affiliates, filed for
Chapter 11 on August 4, 2009 (Bankr. D. Del. Case No. 09-12743).
Attorneys at Fried, Frank, Harris, Shriver & Jacobson LLP and
Richards, Layton & Finger, P.A., will serve as bankruptcy counsel
to the Debtors.  Lazard Freres & Co. is serving as investment
banker while Alvarez & Marsal is financial advisor.  Kurtzman
Carson Consultants LLC is notice, claims and solicitation agent.
In its bankruptcy petition, the Company said that assets on a
consolidated basis total $1,733,017,000 while debts total
$1,785,039,000 as of March 31, 2009.

The Company's Canadian subsidiary, Cooper-Standard Automotive
Canada Limited, also sought relief under the Companies' Creditors
Arrangement Act in the Ontario Superior Court of Justice in
Toronto, Ontario, Canada.

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


COOPER-STANDARD: CSA Inc. Reports $8.97MM Loss for February
-----------------------------------------------------------

                Cooper-Standard Automotive Inc.
                    Unaudited Balance Sheet
                    As of February 28, 2010

ASSETS
Current Assets
Cash and cash equivalents                          $81,974,061
Account receivable, net                            100,031,341
Inventories, net                                    26,767,968
Prepaid expenses                                     5,285,869
Intercompany receivable                                      -
Others                                               6,320,781
                                                 --------------
Total current assets                               220,380,020

Property, plant and equipment, net                   90,037,763
Goodwill                                             87,728,335
Intangibles, net                                        980,343
Intercompany investments                            526,825,393
Long-term intercompany receivable                   205,589,656
Other assets                                         31,128,586
                                                 --------------
Total assets                                     $1,162,670,096
                                                 ==============

LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)

Liabilities not subject to compromise:
Current liabilities:
Debt Payable within One Year                        75,046,768
Accounts payable                                    50,139,896
Payroll liabilities                                 20,601,998
Accrued liabilities                                 24,584,126
Intercompany payable                               651,103,787
                                                 --------------
Total current liabilities                           821,476,575

Long-term debt                                        2,085,118
Pension benefits                                     71,006,647
Post-retirement benefits other than pensions         54,136,777
Deferred tax liabilities                             (1,199,227)
Other long-term liabilities                          10,418,764
Liabilities subject to compromise                 1,076,597,591
                                                 --------------
Total liabilities                                 2,034,522,245

Common stock                                                 35
Intercompany common stock                            (1,515,999)
Additional paid-in capital                              836,105
Intercompany paid-in capital                       (314,688,870)
Retained Earnings (Accumulated deficit)            (437,611,019)
Accumulated other comprehensive income (loss)      (118,872,402)
                                                 --------------
Total stockholders' equity (deficit)               (871,852,150)
                                                 --------------
Total liabilities and equity (deficit)           $1,162,670,096
                                                 ==============

                 Cooper-Standard Automotive Inc.
                   Unaudited Income Statement
             For the Period Ended February 28, 2010

Sales                                               $43,800,330
Material                                            26,101,110
Labor                                                3,230,853
Overhead                                             5,682,592
Scrap & Other                                          932,805
                                                 --------------
Cost of products sold                                35,947,360

Gross profit                                          7,852,970

Salary & Benefits                                    4,610,943
Supplies/Occupancy                                   1,447,475
Travel & Entertainment                                 225,866
Contract Services                                      713,906
Other                                                  729,502
Impairment                                                   -
Amortization of intangibles                             28,833
Restructuring                                           25,257
                                                 --------------
Total SG&A Expenses                                   7,781,782

Operating profit (loss)                                  71,188

Reorganization Items, net                            (7,295,244)
Royalty income (loss)                                   564,828
Otber income (expense)                                 (683,439)
Equity earnings (losses)                                      -
                                                 --------------
EBIT                                                 (7,342,667)

Interest income (expense)                            (1,554,055)
                                                 --------------
Income (loss) before income taxes                    (8,896,722)

Provision for income tax (benefit)                       75,269
                                                 --------------
Net income (loss)                                   ($8,971,991)
                                                 ==============

CS Automotive Inc. also reported total receipts of $60,305,514,
and total disbursements of -$55,578,320 for February 2010.

                       About Cooper-Standard

Cooper-Standard Automotive Inc. -- http://www.cooperstandard.com/
-- headquartered in Novi, Michigan, is a leading global automotive
supplier specializing in the manufacture and marketing of systems
and components for the automotive industry.  Products include body
sealing systems, fluid handling systems and NVH control systems.
The Company is one of the leading suppliers of chassis products in
North America, with about 14% of market share.  The Company's main
custoemrs include Ford Motor Company, General Motors, Chrysler,
Audi, Volkswagen, BMW, Fiat and Honda, among other automakers.
Cooper-Standard Automotive employs approximately 16,000 people
globally with more than 70 facilities throughout the world.

Cooper-Standard is a privately held portfolio company of The
Cypress Group and Goldman Sachs Capital Partners Funds.

Cooper-Standard Holdings Inc., together with affiliates, filed for
Chapter 11 on August 4, 2009 (Bankr. D. Del. Case No. 09-12743).
Attorneys at Fried, Frank, Harris, Shriver & Jacobson LLP and
Richards, Layton & Finger, P.A., will serve as bankruptcy counsel
to the Debtors.  Lazard Freres & Co. is serving as investment
banker while Alvarez & Marsal is financial advisor.  Kurtzman
Carson Consultants LLC is notice, claims and solicitation agent.
In its bankruptcy petition, the Company said that assets on a
consolidated basis total $1,733,017,000 while debts total
$1,785,039,000 as of March 31, 2009.

The Company's Canadian subsidiary, Cooper-Standard Automotive
Canada Limited, also sought relief under the Companies' Creditors
Arrangement Act in the Ontario Superior Court of Justice in
Toronto, Ontario, Canada.

Bankruptcy Creditors' Service, Inc., publishes Cooper-Standard
Bankruptcy News.  The newsletter tracks the Chapter 11 and CCAA
proceedings undertaken by Cooper-Standard Holdings Inc. and its
various affiliates.  (http://bankrupt.com/newsstand/or 215/945-
FREMONT GENERAL: Posts $3.3 Million Net Loss in March
-----------------------------------------------------
On April 15, 2010, Fremont General Corporation filed its monthly
operating report for the month ended March 31, 2010, with the
United States Trustee for the Central District of California,
Santa Ana Division.
The information contained in the March monthly operating report
represents financial information of the Company only and does not
include financial information for its indirect wholly-owned
subsidiary, Fremont Reorganizing Corporation (formerly known as
"Fremont Investment & Loan").

Fremont General posted a net loss of $3.3 million in March 2010.

At March 31, 2010, the Company had $482.7 million in total assets,
$390.6 million in total liabilities, and $92.1 million in total
equity.  Unrestricted cash was $21.0 million at March 31, 2010,
compared to $22.7 million at February 28, 2010.

A full-text copy of Fremont's March 2010 monthly operating
report is available for free at:

               http://researcharchives.com/t/s?60a0

Based in Santa Monica, California, Fremont General Corp. (OTC:
FMNTQ) -- http://www.fremontgeneral.com/-- was a financial
services holding company with $8.8 billion in total assets at
September 30, 2007.  Fremont General ceased being a financial
services holding company on July 25, 2008, when its wholly owned
bank subsidiary, Fremont Reorganizing Corporation (f/k/a Fremont
Investment & Loan) completed the sale of its assets, including all
of its 22 branches, and 100% of its $5.2 billion of deposits to
CapitalSource Bank.

Fremont General filed for Chapter 11 protection on June 18, 2008,
(Bankr. C.D. Calif. Case No. 08-13421).  Robert W. Jones, Esq.,
and J. Maxwell Tucker, Esq., at Patton Boggs LLP, Theodore
Stolman, Esq., Scott H. Yun, Esq., and Whitman L. Holt, Esq., at
Stutman Treister & Glatt, represent the Debtor as counsel.
Kurtzman Carson Consultants LLC is the Debtor's noticing agent and
claims processor.  Lee R. Bogdanoff, Esq., Jonathan S. Shenson,
Esq., and Brian M. Metcalf, at Klee, Tuchin, Bogdanoff & Stern
LLP, represent the Official Committee of Unsecured Creditors as
counsel.  Fremont's formal schedules showed $330,036,435 in total
assets and $326,560,878 in total debts.


GEMS TV: Cash Declining to $19.2 Million by July 2
--------------------------------------------------
Bill Rochelle at Bloomberg News reports that Gems TV (USA) Ltd.
filed a cash-flow projection showing that cash would top out last
week at about $24.6 million.  Cash is expected to decline to
$19.2 million by July 2.

Reno, Nevada-based Gems TV (USA) Limited, aka Gems TV, is a
television retailer of gemstone jewelry products.  Its parent is
Gems TV Holdings Ltd., which owns and operates jewelry home
shopping TV channels in the U.S., U.K. and Japan.

The Company filed for Chapter 11 bankruptcy protection on April 5,
2010 (Bankr. D. Del. Case No. 10-11158).  Robert S. Brady, Esq.,
and Robert F. Poppiti, Jr., Esq., at Young, Conaway, Stargatt &
Taylor, assist the Company in its restructuring effort.  Focus
Management Group is the Company's financial advisor.  Epiq
Bankruptcy Solutions serves as claims and notice agent.  The
Company listed $10,000,000 to $50,000,000 in assets and
$100,000,000 to $500,000,000 in liabilities.


GUARANTY FINANCIAL: Posts $109,023 Net Loss in March
----------------------------------------------------
On April 13, 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 March 2010 with the United
States Bankruptcy Court for the Northern District of Texas, Dallas
Division.

Guaranty Financial Group reported a net loss of $109,023 for the
month of March 2010.

At March 31, 2010, Guaranty Financial Group had $12,015,409 in
total assets and $329,046,388 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?6098

Guaranty Group Ventures reported net income of $640 for the month
of March 2010.

At March 31, 2010, Guaranty Group Ventures had $12,237,932 in
total assets, $371,185 in total liabilities, and $11,866,747 in
total equity.

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

               http://researcharchives.com/t/s?6099

Guaranty Holdings reported net income of $1 for the month of March
2010.

At March 31, 2010, Guaranty Holdings had $7,820 in total assets
and $7,8209 in total equity.

A full-text copy of Guaranty Holdings' monthly operating report is
available for free at http://researcharchives.com/t/s?609a

Guaranty Group Capital reported net profit of $319 for the month
of March 2010.

At March 31, 2010, Guaranty Group Capital had $4,171,894 in total
assets and $4,171,894 in total equity.

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

               http://researcharchives.com/t/s?609b

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.


LEHMAN BROTHERS: Has Cash & Investments of $16.6 Bln. at March 31
-----------------------------------------------------------------
On April 21, 2010, Lehman Brothers Holdings Inc. and certain of
its subsidiaries filed with the U.S. Bankruptcy Court for the
Southern District of New York a monthly operating report for March
2010.

The Debtors and other controlled entities disclosed these cash
receipts and disbursements for the month ended March 31, 2009:

  Beginning Cash & Investments (3/1/10)   $16,776,000,000
  Total Sources of Cash                     1,371,000,000
  Total Uses of Cash                        1,524,000,000
  Net Cash Flow                               153,000,000
  FX Fluctuation                                5,000,000
  Ending Cash & Investments (3/31/10)     $16,621,000,000

Totals may not foot due to rounding.  Ending cash and investment
balances include roughly $2.3 billion in co-mingled and segregated
accounts associated with pledged assets, court ordered segregated
accounts, funds administratively held by banks, and other
identified funds which may not belong to the Debtors or other
controlled entities.  These amounts are preliminary and estimated
as follows: Debtors - LBHI $208 million, LBSF $328 million, LBCS
$34 million, LCPI $1.7 billion, LBCC $5 million, Lehman Scottish
Finance $2 million; and non-Debtors $28 million, and are subject
to adjustment.  Ending cash and investment balances exclude
roughly $287 million of cash posted as collateral for derivative
hedging activity; broken down as follows: LBSF $276 million and
LBFP $11 million.

LBHI reported $2.709 billion in cash and investments at March 1,
2010, and $2.304 billion in cash and investments at March 31,
2010.

LBHI paid a total of $51.9 million in professional fees and
expenses in March 2010.

A full-text copy of the March 2010 monthly operating report is
available for free at http://researcharchives.com/t/s?60a2

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy September 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
listed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S. history.  Several other affiliates followed thereafter.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

On September 19, 2008, the Honorable Gerard E. Lynch, Judge of the
U.S. District Court for the Southern District of New York, entered
an order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI

The Bankruptcy Court has approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for
US$2 plus the retention of most of employees.  Nomura also
bought Lehman's operations in the Asia Pacific for US$225 million.

              International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers International
(Europe) on September 15, 2008.  The joint administrators have
been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on September 16.
Lehman Brothers Japan Inc. reported about JPY3.4 trillion
(US$33 billion) in liabilities in its petition.

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


LYONDELL CHEMICAL: Reports $129 Million Net Loss for February
-------------------------------------------------------------

            Lyondell Chemical Company and affiliates
                 Unaudited Combined Balance Sheet
                       As of February 28, 2010
                           (in millions)


Assets
Current assets:
Cash and cash equivalents                                $377
Restricted cash                                             3
Accounts receivable:
Trade, net                                              1,664
Related parties                                             2
Non-debtor affiliates                                     274
Inventories                                             1,773
Current deferred income tax assets                          6
Prepaid expenses and other current assets                 551
                                                  ------------
  Total current assets                                   4,650

Property, plant and equipment, net                       9,558
Investments and long-term receivables:
Investment in PO joint ventures                           569
Investments in non-debtor affiliates                    4,855
Other investments and long-term receivables                29
Intangible assets, net                                   1,261
Noncurrent deferred tax assets                             115
Other assets                                               182
                                                  ------------
  Total Assets                                         $21,219
                                                  ============
Liabilities and Stockholder's Equity
Current liabilities:
Current maturities of long-term debt                        -
Short-term debt                                         5,908
Accounts payable:
Trade                                                   1,012
Related parties                                            32
Non-debtor affiliates                                     695
Accrued liabilities                                       652
Short-term loans payable - non-Debtor affiliates          147
Deferred income taxes                                      74
                                                  ------------
  Total current liabilities                              8,520

Long-term debt                                               -
Other liabilities                                          177
Deferred income taxes                                    1,462
Liabilities subject to compromise                       23,031
Commitments and contingencies                                -
Stockholders equity:
Common stock                                               60
Additional paid-in capital                                563
Retained deficit                                       (9,581)
Receivables - non-debtor affiliates                    (2,831)
Accumulated other comprehensive loss                     (292)
                                                  ------------
  Debtors' share of stockholder's deficit              (12,081)
Noncontrolling interests                                  110
                                                  ------------
  Total deficit                                        (11,971)
                                                  ------------
Total liabilities and stockholder's deficit            $21,219
                                                  ============

               Lyondell Chemical Company and affiliates
                     Unaudited Statement of Income
                  For month ended February 28, 2010
                            (in millions)


Sales and other operating revenues:
Trade                                                  $1,775
Non-Debtor affiliates                                      83
                                                  ------------
                                                         1,858
Operating costs and expenses:
Cost of sales                                           1,812
Selling, general and admin. expenses                       33
Research and development expenses                           3
                                                  ------------
                                                         1,848
                                                  ------------
Operating loss                                              10
Interest expense                                          (121)
Interest income - non-Debtor affiliates                     15
Other expense, net                                         (47)
                                                  ------------
  Loss before reorganization items,
  equity investments and income
  taxes                                                   (143)
                                                  ------------
Reorganization items                                       (35)
Income from equity investments - non-Debtor affiliates      (9)
                                                  ------------
  Loss before income taxes                                (187)
Provision for income taxes                                 (58)
                                                  ------------
Net loss from continuing operations                       (129)
Discontinued operations                                      -
                                                  ------------
Net loss                                                 ($129)
                                                  ============

          Lyondell Chemical Company and its affiliates
               Unaudited Statement of Cash Flows
             For the month ended February 28, 2010
                         (in millions)


Cash flows from operating activities:
Net loss                                                ($129)
Net loss - discontinued operations                          -
Adjustments to reconcile net loss to
net cash used in operating activities:
  Depreciation and amortization                             89
  Reorganization charges                                    35
  Reorganization-related payments                          (17)
  Equity investments - loss                                  9
  Deferred income taxes                                    (61)
  Amortization of debt-related costs                        34
  Unrealized Foreign currency exchange loss                 46
Changes in assets and liabilities
that provided (used ) cash:
  Accounts receivable                                     (282)
  Inventories                                              183
  Accounts payable                                         317
Other, net                                                 (45)
                                                  ------------
  Net cash provided by operating
   activities - continuing operations                      179

  Net cash provided by operating activities
   discontinued operations                                   -
                                                  ------------
   Net cash provided by operating activities               179
                                                  ------------

Cash flows from investing activities:
Expenditures for property, plant and equipment            (16)
Advances to non-Debtor affiliates                         (15)
                                                  ------------
  Net cash used in investing activities                    (31)
                                                  ------------

Cash flows from financing activities:
Net repayments on DIP Revolving Facility                  (30)
Decreases in short-term borrowings                        (76)
Other, net                                                 (5)
                                                  ------------
  Net cash used in financing activities                   (111)
                                                  ------------
Effect of exchange rate changes on cash                      -
                                                  ------------
Increase in cash and cash equivalents                       37
Cash and cash equivalents at beginning of period           340
                                                  ------------
Cash and cash equivalents at end of period                $377
                                                  ============

                      About Lyondell Chemical

LyondellBasell Industries is one of the world's largest polymers,
petrochemicals and fuels companies.  It is the global leader in
polyolefins technology, production and marketing; a pioneer in
propylene oxide and derivatives; and a significant producer of
fuels and refined products, including biofuels.  Through research
and development, LyondellBasell develops innovative materials and
technologies that deliver exceptional customer value and products
that improve quality of life for people around the world.
Headquartered in The Netherlands, LyondellBasell --
http://www.lyondellbasell.com/-- is privately owned by Access
Industries.

Basell AF and Lyondell Chemical Company merged operations in 2007
to form LyondellBasell Industries, the world's third largest
independent chemical company.  LyondellBasell became saddled with
debt as part of the US$12.7 billion merger.  On January 6, 2009,
LyondellBasell Industries' U.S. operations and one of its European
holding companies -- Basell Germany Holdings GmbH -- filed
voluntary petitions to reorganize under Chapter 11 of the U.S.
Bankruptcy Code to facilitate a restructuring of the company's
debts.  The case is In re Lyondell Chemical Company, et al.,
Bankr. S.D.N.Y. Lead Case No. 09-10023).  Seventy-nine Lyondell
entities, including Equistar Chemicals, LP, Lyondell Chemical
Company, Millennium Chemicals Inc., and Wyatt Industries, Inc.
filed for Chapter 11.  In May 2009, one of the cases was dismissed
-- Case No. 09-10068 -- because it is duplicative of Case No. 09-
10040 relating to Debtor Glidden Latin America Holdings.

The Hon. Robert E. Gerber presides over the case.  Deryck A.
Palmer, Esq., at Cadwalader, Wickersham & Taft LLP, in New York,
serves as the Debtors' bankruptcy counsel.  Evercore Partners
serves as financial advisors, and Alix Partners and its subsidiary
AP Services LLC, serves as restructuring advisors.  AlixPartners'
Kevin M. McShea acts as the Debtors' Chief Restructuring Officer.
Clifford Chance LLP serves as restructuring advisors to the
European entities.  Lyondell Chemical estimated that consolidated
assets total US$27.12 billion and debts total US$19.34 billion as
of the bankruptcy filing date.

Lyondell has obtained approximately US$8 billion in DIP financing
to fund continuing operations.  The DIP financing includes two
credit agreements: a US$6.5 billion term loan, which comprises a
US$3.25 billion in new loans and a US$3.25 billion roll-up of
existing loans; and a US$1.57 billion asset-backed lending
facility.

LyondellBasell Industries AF S.C.A. and another affiliate were
voluntarily added to Lyondell Chemical's reorganization filing
under Chapter 11 on April 24, 2009, in order to seek protection
against claims by certain financial and U.S. trade creditors.  On
May 8, 2009, LyondellBasell Industries added 13 non-operating
entities to Lyondell Chemical Company's reorganization filing
under Chapter 11 of the U.S. Bankruptcy Code.  All of the entities
are U.S. companies and were added to the original Chapter 11
filing for administrative purposes.

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


PCAA PARENT: Posts $1,254,949 Net Loss in February
--------------------------------------------------
PCAA Parent, LLC, filed on March 29, 2010, a monthly operating
report for February 2010.

PCAA Parent, LLC, et al., reported a net loss of $1,254,949 on
$5,851,229 of revenue for February.

At February 28, 2010, the Debtors had total assets of
$168,732,512, total liabilities of $235,373,521, and members'
deficit of $66,641,009.  The Debtors ended February with
$4,405,820 cash, compared with $1,697,917 at January 31, 2010.

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

       http://bankrupt.com/misc/pcaaparent.februarymor.pdf

                       About PCAA Parent

Essington, Pennsylvania-based PCAA Parent, LLC, runs the largest
domestic off-site airport parking business, operating 31 off-site
airport parking facilities comprising over 40,000 parking spaces
near 20 major airports across the U.S.  The Company owns or leases
its off-airport parking facilities in, among other states,
California, Arizona, Colorado, Texas, Georgia, Tennessee,
Pennsylvania, Connecticut, New York, New Jersey, and Illinois.

The Company filed for Chapter 11 bankruptcy protection on
January 28, 2010 (Bankr. D. Del. Case No. 10-10250).  John Henry
Knight, Esq.; Lee E. Kaufman, Esq.; and Mark D. Collins, Esq.; and
Zachary I. Shapiro, Esq., at Richards, Layton & Finger, P.A.,
assist the Company in its restructuring effort.  The Company
listed $50,000,001 to $100,000,000 in assets and $100,000,001 to
$500,000,000 in liabilities.  Bloomberg News says assets were on
the books for $94 million on Sept. 30, when debt totaled
$233 million.

The Company's affiliates -- PCAA Chicago, LLC; Parking Company of
America Airports, LLC; PCA Airports, Ltd.; PCAA GP, LLC; Parking
Company of America Airports Phoenix, LLC; RCL Properties, LLC;
PCAA LP, LLC; PCAA Properties, LLC; Airport Parking Management,
Inc.; PCAA SP-OK, LLC; PCAA SP, LLC; PCAA Oakland, LLC; and PCAA
Missouri, LLC -- filed separate Chapter 11 bankruptcy petitions.


TARRAGON CORP: Ends February With $3.3 Mln. in Unrestricted Cash
----------------------------------------------------------------
Tarragon Corporation and certain of its direct and indirect
subsidiaries and affiliates filed on April 5, 2010, their
unaudited monthly operating reports for the period February 1,
2010, through February 28, 2010, with the United States Bankruptcy
Court for the District of New Jersey.

Tarragon Corporation' consolidating income statement for the
fourteen months ended February 28, 2010, showed a net loss of
$138,196,089 on total revenue of $125,908,862.

At February 28, 2010, Tarragon Corporation's consolidating balance
sheet showed $564,229,713 in total assets and $931,746,437 in
total liabilities, for a stockholders deficit of $367,516,725.

Tarrago Corporation's cash and cash equivalents were $3,332,027 at
February 28, 2010, compared with cash and cash equivalents of
$3,845,382 at January 31, 2010.  Restricted cash was $10,848,835
at February 28, 2010, compared with restricted cash of $9,778,208
at January 31, 2010.

A full-text copy of the Debtor's' monthly operating report for the
month ended February 28, 2010, is available for free at:

               http://researcharchives.com/t/s?6097

Based in New York City, Tarragon Corporation (NasdaqGS:TARR) --
http://www.tarragoncorp.com/-- is a leading developer of
multifamily housing for rent and for sale.  Tarragon's operations
are concentrated in the Northeast, Florida, Texas, and Tennessee.
Tarragon and its affiliates filed for Chapter 11 protection on
January 12, 2009 (Bankr. D. N.J. Case No. 09-10555).  The Hon.
Donald H. Steckroth presides over the case.

Michael D. Sirota, Esq., Warren A. Usatine, Esq., and Felice R.
Yudkin, Esq., at Cole Schotz Meisel Forman & Leonard, P.A.


TLC VISION: Posts $3,502,779 Net Loss in January
------------------------------------------------
TLC Vision (USA) Corporation reported a net loss attributable to
TLC of $3,502,779 on $7,500 of revenue for January.

At January 31, 2010, TLC Vision (USA) had total assets of
$24,108,728, total liabilities of $126,646,470, and net owner
equity (deficit) of ($102,537,742).

TLC Vision Corporation reported net income attributable to TLC of
$169,721 on $298,744 of revenue for January.

At January 31, 2009, TLC Vision Corporation had $448,443,303 in
total assets, $13,631,680 in total liabilities, and $434,811,622
in net owner equity.

TLC Management Services Inc. reported net income of $486,879 on
$52,102 of revenue for January.

At January 31, 2010, TLC Management had total assets of
$29,758,584, total liabilities of $15,611,228, and net owner
equity of $14,147,356.

A full-text copy of the Debtors' January monthly operating report
is available at no charge at

        http://bankrupt.com/misc/tlcvision.januarymor.pdf

TLCVision -- http://www.tlcvision.com/-- is North America's
premier eye care services company, providing eye doctors with the
tools and technologies needed to deliver high-quality patient
care.  Through its centers' management, technology access service
models, extensive optometric relationships, direct to consumer
advertising and managed care contracting strength, TLCVision
maintains leading positions in Refractive, Cataract and Eye Care
markets.

TLC Vision (USA) Corporation, and two of its corporate affiliates
filed petitions for Chapter 11 on Dec. 21, 2009 (Bankr. D. Del.
Case No. 09-14473).  The petition says assets and debts are
$100 million to $500 million.

The Company's lead U.S. restructuring counsel is the law firm of
Proskauer Rose LLP and Canadian restructuring counsel is the law
firm of Torys LLP.  The Company's financial advisor is Conway Del
Genio Gries & Co., LLC.  Epiq Bankruptcy Solutions is claims and
notice agent.


TRONOX INC: Has March Loss From Environmental Costs
---------------------------------------------------
Tronox Inc. reported a $53 million net loss in March on
$66.5 million in net sales.  The loss largely resulted from a
$55.6 million charge for environmental remediation.
Reorganization items in the month were $2 million.

In March Tronox mostly survived a motion to dismiss a lawsuit in
bankruptcy court against former parent Kerr-McGee Corp. Anadarko
Petroleum Corp., which acquired Kerr-McGee for $18.4 billion in
August 2006, is also a defendant.  Tronox sued Kerr-McGee and
Anadarko in May to recover environmental remediation costs it was
saddled with when the company was spun off in March 2006.

                         About Tronox Inc.

Headquartered in Oklahoma City, Tronox Incorporated (Pink Sheets:
TRXAQ, TRXBQ) is the world's fourth-largest producer and marketer
of titanium dioxide pigment, with an annual production capacity of
535,000 tonnes.  Titanium dioxide pigment is an inorganic white
pigment used in paint, coatings, plastics, paper and many other
everyday products.  The Company's four pigment plants, which are
located in the United States, Australia and the Netherlands,
supply high-performance products to approximately 1,100 customers
in 100 countries.  In addition, Tronox produces electrolytic
products, including sodium chlorate, electrolytic manganese
dioxide, boron trichloride, elemental boron and lithium manganese
oxide.
Tronox Inc., aka New-Co Chemical, Inc., and 14 other affiliates
filed for Chapter 11 protection on January 13, 2009 (Bankr.
S.D.N.Y. Case No. 09-10156).  The case is before Hon. Allan L.
Gropper. Richard M. Cieri, Esq., Jonathan S. Henes, Esq., and
Colin M. Adams, Esq., at Kirkland & Ellis LLP in New York,
represent the Debtors.  The Debtors also tapped Togut, Segal &
Segal LLP as conflicts counsel; Rothschild Inc. as investment
bankers; Alvarez & Marsal North America LLC, as restructuring
consultants; and Kurtzman Carson Consultants serves as notice and
claims agent.

An official committee of unsecured creditors and an official
committee of equity security holders have been appointed in the
cases.  The Creditors Committee has retained Paul, Weiss, Rifkind,
Wharton & Garrison LLP as counsel.

Until September 30, 2008, Tronox Inc. was publicly traded on the
New York Stock Exchange under the symbols TRX and TRX.B.  Since
then, Tronox Inc. has traded on the Over the Counter Bulletin
Board under the symbols TROX.A.PK and TROX.B.PK.  As of
December 31, 2008, Tronox Inc. had 19,107,367 outstanding shares
of class A common stock and 22,889,431 outstanding shares of class
B common stock.


TRUMP ENTERTAINMENT: Posts $5.8 Million Net Loss in March
---------------------------------------------------------
On April 20, 2010, Trump Entertainment Resorts, Inc., and certain
of its direct and indirect subsidiaries filed their monthly
operating report for the month ended March 31, 2010, with the
United States Bankruptcy Court for the District of New Jersey in
Camden, New Jersey.

The Debtors reported a consolidated net loss of $5.8 million on
net revenues of $61.4 million for the period.

At March 31, 2010, the Debtors had $1.372 billion in total assets
and $2.096 in total liabilities.  Cash and cash equivalents were
roughly $60.6 million at March 31, 2010, compared with roughly
$69.0 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?609e

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: Ends March With $1,318,816 Cash
--------------------------------------------------
On April 15, 2010, Vineyard National Bancorp filed its unaudited
report for the month of March 2010 with the office of the
United States Trustee.

The Company ended March with $1,318,816 cash.  The Company had
total assets of $1,476,494 and total liabilities of $181,683,170.

The Company reported a net loss of $81,492 in March 2010.

A full-text copy of the Company's February monthly operating
report is available for free at:

               http://researcharchives.com/t/s?609d

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 roughly $1.6 billion.  In
addition to assuming all of the deposits of the failed bank,
California Bank & Trust agreed to purchase roughly $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).


WHITE ENERGY: Profits Shrink in Three-Month Period
--------------------------------------------------
Bill Rochelle at Bloomberg News reports that White Energy Inc.
filed three operating reports, showing a combined $131.8 million
in sales for the months December through February.  Net income in
the period was $10.1 million.  Gross profit in the three-month
period totaled $15.6 million.  February was the weakest month,
with $39.4 million in sales generating $452,000 in net income.

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

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


XERIUM TECHNOLOGIES: Initial MOR Shows 13-Week Cash Projections
---------------------------------------------------------------
Xerium Technologies Inc. and its units submitted to the Court on
April 14, 2010, an initial monthly operating report detailing:

  * a 13-week cash flow forecast pursuant to the Superpriority
    Priming Senior Secured Debtor-in-Possession Credit and
    Guaranty Agreement, which the Court approved on an interim
    basis;

  * certificates of insurance; and

  * a initial schedule of retainers paid for the period from
    April 7, 2009 to March 29, 2010.

A full-text copy of the Debtors' Initial Monthly Operating Report
is available for free at:

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

                   About Xerium Technologies

Based in Raleigh, North Carolina, Xerium Technologies, Inc. (NYSE:
XRM), manufactures and supplies two types of consumable products
used primarily in the production of paper: clothing and roll
covers.  The Company, which operates around the world under a
variety of brand names, utilizes a broad portfolio of patented and
proprietary technologies to provide customers with tailored
solutions and products integral to production, all designed to
optimize performance and reduce operational costs.  With 32
manufacturing facilities in 13 countries around the world, Xerium
has approximately 3,300 employees.

Xerium Technologies and certain subsidiaries filed for Chapter 11
on March 30, 2010 (Bankr. D. Del. Lead Case No. 10-11031).  Judge
Kevin J. Carey presides over the cases.  John J. Rapisardi, Esq.;
George A. Davis, Esq.; and Sharon J. Richardson, Esq., at
Cadwalader, Wickersham & Taft LLP; and Mark D. Collins, Esq., at
Richards, Layton & Finger, P.A., serve as bankruptcy counsel.
Brian Fox, Michelle Campbell, and Michael Hartley at AlixPartners,
LLC, serve as the Debtors' restructuring advisors.  Stephen Ledoux
and Daniel Gilligan at Rothschild Inc. serve as the Debtors'
investment bankers.  Garden City Group Inc. is the Debtors' claims
agent.  Xerium Technologies disclosed total assets of $693,511,000
and total debts of $813,168,000 in its petition.

Bankruptcy Creditors' Service, Inc., publishes XERIUM TECHNOLOGIES
BANKRUPTCY NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by Xerium Technologies and its various affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)



                           *********

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
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re-mailing and photocopying) is strictly prohibited without prior
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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-
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firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Christopher
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