TCR_Public/100522.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, May 22, 2010, Vol. 14, No. 140

                            Headlines



ACCEPTANCE INSURANCE: Posts $733,031 Net Loss in April
CARITAS HEALTH: Posts $1,388,498 Net Loss in March
CARITAS HEALTH: Posts $444,833 Net Loss in February
CHEMTURA CORP: Incurs $11 Million Net Loss in April
DGI RESOLUTION: Posts $191,673 Net Loss in March

FREEDOM COMMUNICATIONS: Posts $7.2 Million Net Loss in March
GENERAL GROWTH: Posts $72.7 Million Net Loss in March
MIDLAND FOODS: Reports $32,000 EBITDA in March-April
OPUS SOUTH: Reports 110,366 Net Loss for March
OPUS WEST: Files Operating Report for February

OPUS WEST: Files Operating Report for March
PROVIDENT ROYALTIES: Earns $14,535,387 in March
RQB RESORT: Has $996,000 EBITDA in March
SAMSONITE COMPANY: Ends March 2010 With $875,067 Cash
TAYLOR-WHARTON: Posts $2.3 Million Net Loss in March

TAYLOR-WHARTON: Posts $3.6 Million Net Loss in February
TROPICANA ENT: Has 18,971,000 Current Assets at March 7
VINEYARD NATIONAL: Ends April With $1,207,315 Cash



                            *********

ACCEPTANCE INSURANCE: Posts $733,031 Net Loss in April
------------------------------------------------------
Acceptance Insurance Companies Inc. filed with the U.S. Bankruptcy
Court for the District of Nebraska on May 11, 2010, its monthly
operating report for April 2010.

For the month of April, Acceptance Insurance Companies Inc.
reported a net loss of $733,031 on net investment income of $61.

As of April 30, 2010, the Debtor had total assets of $2,374,928
and total liabilities of $138,184,559, for a stockholders' deficit
of $135,809,631.

A full-text copy of the Debtor's April 2010 monthly operating
report is available for free at:

               http://researcharchives.com/t/s?6214

Headquartered in Council Bluffs, Iowa, Acceptance Insurance
Companies, Inc. -- http://www.aicins.com/-- owns, either
directly or indirectly, several companies, one of which is an
insurance company that accounts for substantially all of the
business operations and assets of the corporate groups.

The Company filed for Chapter 11 protection on Jan. 7, 2005
(Bankr. D. Nebr. Case No. 05-80059).  The Debtor's affiliates --
Acceptance Insurance Services, Inc., and American Agrisurance,
Inc. -- each filed Chapter 7 petitions (Bankr. D. Nebr. Case Nos.
05-80056 and 05-80058) on January 7, 2005.  John J. Jolley, Esq.,
at Kutak Rock LLP, represents the Debtor in its restructuring
efforts.  Lawyers at McGrath North Mullin & Kratz PC, LLO,
represent the Official Committee of Unsecured Creditors in
Acceptance Insurance's case.


CARITAS HEALTH: Posts $1,388,498 Net Loss in March
--------------------------------------------------
On April 20, 2010, Carital Health Care, Inc., filed a monthly
operating report for the filing period ended March 31, 2010,
with the U.S. Bankruptcy Court for the Eastern District of New
York.

The Company reported a net loss of $1,388,498 on net revenue of
$417,716 for the month ended March 31.

At March 31, 2010, the Company had $42,789,444 in total assets
and $168,401,223 in total liabilities.  Caritas Health ended the
period with $28,938,145 in cash.  The Company paid a total of
$296,666 in professional fees totaled $296,666 for the month.

A full-text copy of Caritas Health's operating report for the
month ended March 31, 2010, is available for free at:

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

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

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


CARITAS HEALTH: Posts $444,833 Net Loss in February
---------------------------------------------------
On April 20, 2010, Carital Health Care, Inc., filed a monthly
operating report for the filing period ended February 28, 2010,
with the U.S. Bankruptcy Court for the Eastern District of New
York.

The Company reported a net loss of $444,833 for the month ended
February 28, 2010.

At February 28, 2010, the Company had $32,571,134 in total assets
and $169,153,770 in total liabilities.  The Company ended the
period with $30,694,364 in cash.  The Company paid a total of
$359,094 in professional fees for the month.

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

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

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

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


CHEMTURA CORP: Incurs $11 Million Net Loss in April
---------------------------------------------------
On May 14, 2010, Chemtura Corporation filed with the U.S.
Bankruptcy Court for the Southern District of New York its monthly
operating report for April 2010.

Chemtura Corporation reported a net loss of $11 million on net
sales of $191 million for April.  Reorganization items, net
amounted to $5 million.

At April 30, 2010, Chemtura had $4.052 billion in total assets and
$4.093 billion in total liabilities, for a stockholders' deficit
of $41 million.

The Debtor had cash and cash equivalents of $26 million at the end
of April, compared with cash and cash equivalents of $35 million
at the beginning of the period.

A full-text copy of the April monthly operating report is
available at no charge at http://researcharchives.com/t/s?6237

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)


DGI RESOLUTION: Posts $191,673 Net Loss in March
------------------------------------------------
On April 26, 2010, DGI Resolution, Inc., formerly known as
deCODE genetics, Inc., filed a monthly operating report for the
month ended March 31, 2010.

DGI Resolution reported a net loss of $191,673 on $0 revenue for
the month of March 2010.

At March 31, 2010, DGI Resolution had total assets of
$12,097,364, total liabilities of $236,570,424, and net owner
equity of ($224,473,059).

A full-text copy of the monthly operating report is available at
no charge at http://researcharchives.com/t/s?6213

                      About deCODE Genetics

deCODE Genetics Inc. is a global leader in analyzing and
understanding the human genome.  deCODE has identified key
variations in the sequence of the genome conferring increased risk
of major public health challenges from cardiovascular disease to
cancer, and employs its gene discovery engine to develop DNA-based
tests to assess individual risk of common diseases; to license its
tests and intellectual property to partners; and to provide
comprehensive, leading- edge contract services to companies and
research institutions around the globe.  The Company was founded
in 1996 and is headquartered in Reykjavik, Iceland.

The Company filed for Chapter 11 on November 16, 2009 (Bankr. D.
Del. Case No. 09-14063).  The petition listed assets of
$69.9 million against debt of $314 million.  Liabilities include
$230 million on 3.5% senior convertible notes.


FREEDOM COMMUNICATIONS: Posts $7.2 Million Net Loss in March
------------------------------------------------------------
Freedom Communications Holdings Inc., et al., reported a net loss
of $7.2 million on total operating revenue of $47.6 million for
the month of March 2010.

The Debtors ended March 2010 with roughly $90.9 million in cash
and cash equivalents.  The Debtor paid a total of
$2.3 million in professional fees and expenses during the month.

At March 31, 2010, the Debtors had $685.6 million in total
assets, $134.6 million in total current liabilities,
$183.9 million in total long-term liabilities, $804.0 million in
liabilities subject to compromise, and $208,000 in minority
interests, resulting in a $437.1 million stockholders' deficiency.

A copy of the Company's March 2010 operating report is
available for free at:

   http://bankrupt.com/misc/freedomcommunications.marchmor.pdf

Freedom Communications, headquartered in Irvine, Calif., is a
national privately owned media company operating print
publications, broadcast television stations and interactive
businesses. The company's print portfolio includes approximately
100 daily and weekly publications, plus ancillary magazines and
other specialty publications. The broadcast company's stations --
five CBS, two ABC network affiliates and one CW affiliate -- reach
more than 3 million households across the country. The Company's
news, information and entertainment websites complement its print
and broadcast properties.

Freedom Communications filed for Chapter 11 on Sept. 1, 2009
(Bankr. D. Del. Case No. 09-13046).  Attorneys at Young Conaway
Stargatt & Taylor, and Latham & Watkins LLP serve as Chapter 11
counsel.  Houlihan, Lokey, Howard & Zukin, Inc., serves as
financial advisor while AlixPartners LLC is restructuring
consultant.  Logan & Co. serves as claims and notice agent.

Freedom Communications had $757,000,000 in assets against debts of
$1,077,000,000 as of July 31, 2009.

Freedom Communications announced April 30, 2010, that its Plan of
Reorganization, which was confirmed by the U.S. Bankruptcy Court
on March 9, has become effective.


GENERAL GROWTH: Posts $72.7 Million Net Loss in March
-----------------------------------------------------
General Growth Properties, Inc., reported a net loss attributable
to common shareholders of $72.7 million on total revenues of
$207.6 million for the month ended March 31, 2010.  Operating
income was $66 million.

At March 31, 2010, the Company had $25.670 billion in total
assets, $23.971 billion in total liabilities, $237.6 million in
total redeemable noncontrolling interests, and $1.461 billion in
total equity.

A full-text copy of March monthly operating report is available
at no charge at http://researcharchives.com/t/s?6219

Based in Chicago, Illinois, General Growth Properties, Inc. --
http://www.ggp.com/-- is the second-largest U.S. mall owner,
having ownership interest in, or management responsibility for,
more than 200 regional shopping malls in 44 states, as well as
ownership in master planned community developments and commercial
office buildings.  The Company's portfolio totals roughly
200 million square feet of retail space and includes more than
24,000 retail stores nationwide.  General Growth is a self-
administered and self-managed real estate investment trust.  The
Company's common stock is trading in the pink sheets under the
symbol GGWPQ.

General Growth Properties Inc. and its affiliates filed for
Chapter 11 on April 16, 2009 (Bankr. S.D.N.Y., Case No.
09-11977).  Marcia L. Goldstein, Esq., Gary T. Holtzer, Esq.,
Adam P. Strochak, Esq., and Stephen A. Youngman, Esq., at Weil,
Gotshal & Manges LLP, have been tapped as bankruptcy counsel.
Kirkland & Ellis LLP is co-counsel.  Kurtzman Carson Consultants
LLC has been engaged as claims agent.  The Company also hired
AlixPartners LLP as financial advisor and Miller Buckfire Co. LLC,
as investment bankers.  The Debtors disclosed $29,557,330,000 in
assets and $27,293,734,000 in debts as of December 31, 2008.

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


MIDLAND FOODS: Reports $32,000 EBITDA in March-April
----------------------------------------------------
Bill Rochelle at Bloomberg News reports that Midland Food Services
LLC had a $291,000 net loss for four weeks ended April 12 on sales
of $4.7 million.  Earnings before interest, taxes, depreciation
and amortization for the period were $32,000.  Depreciation and
amortization expenses exceeded $46,000.  From the inception of the
case in August 2008, cumulative Ebitda is $1.4 million on total
sales of $97.4 million.

Independence, Ohio-based Midland Food Services, L.L.C., is a
Pizza Hut franchisee, operating 88 Pizza Hut restaurants in Ohio,
West Virginia, Kentucky, Michigan, Maryland and Virginia.  Net
sales were $64 million for the year ended July 7, 2008.

Midland Food filed for Chapter 11 bankruptcy before the United
States Bankruptcy Court for the District of Delaware on August 6,
2008 (Bankr. D. Del. 08-11802).  Tara L. Lattomus, Esq., and
Margaret F. England, Esq., at Eckert Seamans Cherin & Melot,
L.L.C., represent the Debtor in its restructuring efforts.  Gary
D. Bressler, Esq., at McElroy, Deutsch, Mulvaney & Carpenter,
LLP, has been tapped as co-counsel.  Midland's formal lists of
assets and debt show property claimed to be worth $5.8 million
against liabilities totaling $34.6 million, including
$27.4 million in secured claims.

The Debtor first filed for Chapter 11 in October 2000.  It
emerged from bankruptcy one year later on August 7, 2001.


OPUS SOUTH: Reports 110,366 Net Loss for March
----------------------------------------------

                     Opus South Corporation
                         Balance Sheet
                      As of March 31, 2010

ASSETS:

Cash & cash equivalents                               $707,738
Receivables:
  Construction contracts                             8,589,340
  Related party                                              -
  Management fees                                            -
  Other                                             (2,050,935)
                                                  ------------
Total receivables                                    6,538,406

Costs & estimated earnings                                   -
Prepaid expenses & other assets                        516,081
Pursuit costs                                                -
Real estate:
  Completed                                                  -
  Under construction                                         -
  Land held for development                            412,969
  Real estate held for investment                            -
  Investment in real estate ventures                 1,949,659
  Accumulated depreciation                                   -
                                                  ------------
Total real estate                                    2,362,628

Notes receivable                                            -
Investment in subsidiaries                          56,592,196
Property & equipment, net                                4,320
                                                  ------------
Total assets                                       $66,721,369
                                                  ============

LIABILITIES:

Accounts payable                                   $11,000,248
Accrued expenses                                     1,872,117
Accrued income taxes                                         -
Billings in excess of costs                                  -
Mortgages and notes payable                         61,000,000
Subordinated notes payable                                   -
Postpetition accounts payable                           95,761
Postpetition accrued expenses                          (82,349)
                                                  ------------
Total liabilities                                   73,885,778

Minority interest in subsidiary                              -

EQUITY:

Common stock                                             9,660
Additional paid-in capital                          71,674,223
Prepetition retained earnings                      (70,303,142)
Postpetition retained earnings                      (8,545,150)
                                                  ------------
Total equity                                        (7,164,409)
                                                  ------------
Total liabilities & equity                         $66,721,369
                                                  ============

                     Opus South Corporation
                        Income Statement
               For the month ended March 31, 2010

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

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

Other Income:
  Interest                                                  18
  Real estate ventures                                       -
  Other                                                   (668)
                                                  ------------
Total income                                              (650)

Expenses:
  Salary and related                                    24,225
  General & administrative                              45,490
  Reorganization expenses                                    -
  Project costs capitalized                                  -
  Interest                                                   -
  Interest capitalized                                       -
  Corporate overhead & variable compensation            40,000
  Charitable contributions                                   -
                                                  ------------
Total expenses                                         109,716

Income(Loss) before minority interest & taxes         (110,366)
  Minority Int. in income(loss) loss of cons sub             -
                                                  ------------
Income(Loss) before taxes                             (110,366)
                                                  ------------
Net income(loss)                                      (110,366)
                                                  ============

Opus South Corporation's March 2010 operating report also
includes an illegible Cash Receipts & Disbursements statement, a
copy of which is available for free at:

              http://bankrupt.com/misc/OpS0310CD.pdf

                         About Opus South

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

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

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


OPUS WEST: Files Operating Report for February
----------------------------------------------
Two affiliates of Opus West Corporation delivered separate
individual monthly operating reports to the Court for the month
of February 2010.  The Opus West affiliates reported these assets
and liabilities as of February 28, 2010:

Debtor Affiliate                 Total Assets     Total Debts
----------------                --------------  --------------
Opus West Partners, Inc.             $328,175              $0
OW Commercial, Inc.                     1,664      11,212,507

Opus West Partners and OW Commercial reported zero income for the
month of February 2010.  They also listed zero cash receipts and
disbursements for the reporting period.

                   About Opus West Corporation

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

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

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

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


OPUS WEST: Files Operating Report for March
-------------------------------------------
Two affiliates of Opus West Corporation delivered separate
individual monthly operating reports to the Court for the month
of March 2010.  The Opus West affiliates reported these assets
and liabilities as of March 31, 2010:

Debtor Affiliate                 Total Assets     Total Debts
----------------                --------------  --------------
Opus West Partners, Inc.             $248,270              $0
OW Commercial, Inc.                     1,664      11,212,507

The Debtor affiliates listed zero income for the period
from March 1 to 31, 2010.

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

Company                   Receipts   Disbursements  Cash Flow
-------                   --------   -------------  ---------
Opus West Partners Inc.           0        $79,905   ($79,905)
OW Commercial, Inc.               0              0          0

                    About Opus West Corporation

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

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

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

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


PROVIDENT ROYALTIES: Earns $14,535,387 in March
-----------------------------------------------
Provident Royalties LLC, et al., reported net income of
$14,535,387 on net revenue of $83,737 for the month of March.

The Debtors ended the month with $57,837,073 in cash.  The Debtors
paid a total of $1,397,566 in professional fees in March.

At March 31, 2010, the Debtors had total assets of
$165,291,625, total post petition liabilities of ($1,202,836),
total prepetition debt of $65,630,864, and total equity of
$100,863,597.

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

     http://bankrupt.com/misc/providentroyalties.marchmor.pdf

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.


RQB RESORT: Has $996,000 EBITDA in March
----------------------------------------
Bill Rochelle at Bloomberg News reports that RQB Resort reported
an $827,000 net loss in March on total revenue of $4.4 million.
Net operating income in the month was $1.04 million.  Earnings
before interest, taxes, depreciation, and amortization was
$996,000 while interest expense was $1.3 million.

According to the report, RQB is asking for an extension of the
right to use cash representing collateral for $193 million owing
to secured creditor Goldman Sachs Mortgage Co. Existing cash-use
authority expires May 28.  Goldman Sachs has a motion seeking
permission to foreclose scheduled for hearing on June 21.  The
first hearing on cash use will be May 25.

RQB Resort LP and RQB Development LP own Florida's Sawgrass
Marriott Resort, the site of the U.S. PGA Tour's Tournament
Players Championship.

Ponte Vedra Beach, Florida-based RQB Resort, LP, aka Sawgrass
Marriott Resort & Cabana Club, filed for Chapter 11 bankruptcy
protection on March 1, 2010 (Bankr. M.D. Fla. Case No. 10-01596).
The Company's affiliate -- RQB Development, LP, aka Sawgrass
Marriott Golf Villas & Spa -- filed a separate Chapter 11
petition.

The Company estimated its assets and debts at $100,000,001 to
$500,000,000.


SAMSONITE COMPANY: Ends March 2010 With $875,067 Cash
-----------------------------------------------------
Samsonite Company Stores, LLC, has filed a Post-Confirmation
Quarterly Report for the Period January 2010 through March 2010
with the Office of the United States Trustee - Region 3.

The Company ended the quarter with $875,067 in cash, from $619,252
at December 31, 2009.

At March 31, 2010, the Company had total assets of $259,259,507
and total liabilities of $298,773,694.

A full-text copy of the Company's Post-Confirmation Report is
available for free at:

      http://bankrupt.com/misc/samsonite.jan-marchreport.pdf

Samsonite Corp. is the worldwide leader in superior travel bags,
luggage and accessories, combining notable style with the latest
design technology and the utmost attention to quality and
durability.  In 2006 and 2007, the Company had sales of
$1.1 billion and $1.2 billion, respectively.

Offering superior travel bags, luggage and accessories, under the
Samsonite, Samsonite Black Label, and American Tourister brands,
Samsonite Company Stores LLC operates full-price and outlet stores
in 38 states across the U.S.  The Company is a wholly-owned
subsidiary of Samsonite Corporation.

As of July 31, 2009, Samsonite Company Stores leased 173 retail
stores in the United States located in 38 states. It employs
approximately 650 people and had sales of $112 million and
$108.1 million in 2007 and 2008, respectively.  As of July 31,
2009, it had $233 million in total assets and $1.5 billion in
total liabilities.

Samsonite Company Stores filed for Chapter 11 on September 2, 2009
(Bankr. D. Del. Case No. 09-13102).  Attorneys at Young Conaway
Stargat & Taylor LLP and Paul, Wess, Rifkin, Wharton & Garrison
LLP serve as bankruptcy counsel to the Debtor.  Hilco Merchant
Resources LLC is liquidation agent.  Epiq Bankruptcy Solutions LLC
serves as claims and notice agent.

U.S. Bankruptcy Judge Peter Walsh has confirmed a reorganization
plan for Samsonite Company Stores.  All creditors and interest
holders are to recover 100% of their claims or interests.


TAYLOR-WHARTON: Posts $2.3 Million Net Loss in March
----------------------------------------------------
Taylor-Wharton International LLC filed with the U.S. Bankruptcy
Court for the District of Delaware on April 19, 2010, a monthly
operating report for March 2010.

The Debtors reported an operating loss of $974,078 and a net loss
of $2,269,358 on net revenue of $13,194,920 for the month ended
March 31, 2010.

At March 31, 2010, the Debtors had total assets of $224,322,366
and total liabilities of $258,606,034.

A copy of the Company's March operating report is available at
no charge at http://bankrupt.com/misc/taylor-wharton.marchmor.pdf

Taylor-Wharton International, LLC, is the world's leading
technology, service and manufacturing network for gas applications
involving pressure vessels and precision valves.  Taylor-Wharton
International operates three complementary businesses from 16
manufacturing, sales, warehouse and service facilities in six
countries on four continents, and markets its products in over 80
countries worldwide.

The Company filed for Chapter 11 bankruptcy protection on
November 18, 2009 (Bankr. Delaware Case No. 09-14089).  The
Company listed $10,000,001 to $50,000,000 in assets and
$100,000,001 to $500,000,000 in liabilities.

These affiliates of the Company also filed separate Chapter 11
petitions: Alpha One, Inc.; American Welding & Tank, LLC; Beta
Two, Inc.; Delta Four, Inc.; Epsilon Five, Inc.; Gamma Three,
Inc.; Sherwood Valve, LLC; Taylor-Wharton Intermediate Holdings
LLC; Taylor-Wharton International LLC; TW Cryogenics LLC; TW
Cylinders LLC; TW Express LLC; and TWI-Holding LLC.


TAYLOR-WHARTON: Posts $3.6 Million Net Loss in February
-------------------------------------------------------
Taylor-Wharton International LLC filed with the U.S. Bankruptcy
Court for the District of Delaware on March 12, 2010, a monthly
operating report for February 2010.

The Debtors reported an operating loss of $2,218,732 and a net
loss of $3,585,228 on net revenue of $11,191,491 for the month
ended February 28, 2010.

At February 28, 2010, the Debtors had total assets of $226,959,661
and total liabilities of $258,973,961.

A copy of the Company's February operating report is available at
no charge at:

     http://bankrupt.com/misc/taylor-wharton.februarymor.pdf

Taylor-Wharton International, LLC, is the world's leading
technology, service and manufacturing network for gas applications
involving pressure vessels and precision valves.  Taylor-Wharton
International operates three complementary businesses from 16
manufacturing, sales, warehouse and service facilities in six
countries on four continents, and markets its products in over 80
countries worldwide.

The Company filed for Chapter 11 bankruptcy protection on
November 18, 2009 (Bankr. Delaware Case No. 09-14089).  The
Company listed $10,000,001 to $50,000,000 in assets and
$100,000,001 to $500,000,000 in liabilities.

These affiliates of the Company also filed separate Chapter 11
petitions: Alpha One, Inc.; American Welding & Tank, LLC; Beta
Two, Inc.; Delta Four, Inc.; Epsilon Five, Inc.; Gamma Three,
Inc.; Sherwood Valve, LLC; Taylor-Wharton Intermediate Holdings
LLC; Taylor-Wharton International LLC; TW Cryogenics LLC; TW
Cylinders LLC; TW Express LLC; and TWI-Holding LLC.


TROPICANA ENT: Has 18,971,000 Current Assets at March 7
-------------------------------------------------------

                  Tropicana Entertainment, LLC
                         Balance Sheet
                      As of March 7, 2010
                           Unaudited

                             ASSETS

Current Assets
Accounts receivable - trade                                $0
Cash & temporary cash investments                   5,584,000
Restricted cash                                     2,801,000
Deposits                                           10,348,000
Inventories                                                 0
Other receivables                                           0
Prepaid expenses                                      237,000
                                                --------------
Total Current Assets                                18,971,000

Property and Equipment
Property and equipment                              2,583,000
Construction in progress                               15,000
                                                --------------
Total Property and Equipment                         2,599,000

Reserve for Depreciation
Reserve for Depreciation                             (495,000)
                                                --------------
Total Reserve for Depreciation                        (495,000)

Other Assets
Investments                                     2,775,215,000
Other assets                                        8,363,000
                                                --------------
Total Other Assets                               2,783,578,000
                                                --------------
TOTAL ASSETS                                    $2,804,652,000
                                                ==============

             LIABILITIES AND SHAREHOLDERS' DEFICIT

Current Liabilities
Accounts payable                                  $11,079,000
Accrued other expenses                              4,780,000
Accrued payroll                                     1,065,000
Deferred income                                             0
Notes payable - Evansville                                  0
Payroll taxes payable                                       0
Sales tax payable                                           0
Current portion of long-term debt due 1 Yr                  0
Amounts due to affiliated guarantors               59,540,000
                                                --------------
Total Current Liabilities                           76,464,000

Long Term Debt Due Beyond One Year
DIP financing                                      65,219,000
                                                --------------
Total Long Term Debt Due Beyond One Year            65,219,000

Other Liabilities
Deferred fed taxes                                          0
Deferred rent                                               0
Deferred state inc taxes                                    0
Deferred tax liability                                495,000
Intercompany                                       95,999,000
                                                --------------
Total Other Liabilities                             96,494,000

Total Liabilities not Subject to Compromise        238,177,000

Liabilities Subject to Compromise
Non-intercompany                                  912,018,000
Intercompany                                    1,569,999,000
                                                --------------
Total Liabilities Subject to Compromise          2,482,017,000
                                                --------------
Total Liabilities                                2,720,194,000

Total Stockholders' Equity                          84,457,000
                                                --------------
Total Liabilities & Shareholders' Deficit       $2,804,652,000
                                                ==============

                  Tropicana Entertainment, LLC
                        Income Statement
               For the Month Ended March 7, 2010
                           Unaudited

Operating Revenues
Casino revenue                                             $0
Rooms revenue                                               0
Food & beverage revenue                                     0
Other casino & hotel revenue - less int income              0
                                                --------------
Operating Revenues                                           0
Less promotional allowances                                  0
                                                --------------
Net Operating Revenues                                       0

Operating Expenses
Casino operating expenses                                   0
Rooms operating expenses                                    0
Food and beverage operating expenses                        0
Other casino and hotel operating expenses                   0
Utilities                                                   0
Marketing, advertising and casino promotions           24,000
Repairs and maintenance                                     0
Insurance                                                   0
Property and local taxes                                    0
Gaming tax and licenses                                     0
Administrative and general                            610,000
Leased land and facilities                                  0
Depreciation and amortization                          10,000
Loss on disposition of assets                               0
Bad debt expense - loans                                    0
Impairment charge                                           0
Restructuring cost                                          0
Chapter 11 reorg. & other prof. fees                  713,000
                                                --------------
Total Operating Expense                              1,357,000

Income from Operations                              (1,357,000)

Other Income (Expense)
Interest income                                         6,000
Interest expense                                     (193,000)
Intercompany interest income                                0
Intercompany interest expense                               0
                                                --------------
Total Other Income (Expense)                          (187,000)

Federal Income Tax                                    (389,000)

Income Before Minority Interest                     (1,933,000)
                                                --------------
NET INCOME                                         ($1,933,000)
                                                ==============

The OpCo Debtors' Plan was declared effective on March 8, 2010.
As of the OpCo Plan Effective Date, the OpCo Debtors emerged from
Chapter 11 and are no longer debtors-in-possession in these
Chapter 11 cases.  The March 2010 operating report only includes
operating activities for the OpCo Debtors before the occurrence
of the OpCo Plan Effective Date.

For the reporting period, Tropicana Entertainment LLC and its
debtor affiliates listed cash receipts totaling $8,422,000 and
cash disbursements totaling $7,944,000.

                   About Tropicana Entertainment

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

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

The OpCo Debtors, a group of Tropicana entities owning casinos and
resorts in Atlantic City, New Jersey and Evansville, Indiana
obtained confirmation from the Bankruptcy Court of a
reorganization plan.  On April 29, 2009, non-debtor units of the
OpCo Debtors, designated as the New Jersey Debtors -- Adamar of
New Jersey, Inc., and its affiliate, Manchester Mall, Inc. --
filed for Chapter 11 (Bankr. D. N.J. Lead Case No. 09- 20711) to
effectuate a sale of the Atlantic City Resort and Casino to a
group of Investors-led by Carl Icahn.   Judge Judith H. Wizmur
presides over the cases.  Manchester Mall is a wholly owned
subsidiary of Adamar that owns and operates certain real property
utilized in the New Jersey Debtors' business operations.
Effective March 8, Tropicana Entertainment successfully emerged
from the Chapter 11 reorganization process as an Carl Icahn-owned
entity.

A group of Tropicana entities, known as the LandCo Debtors, which
own Tropicana casino property in Las Vegas, have obtained approval
of a separate Chapter 11 plan.

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

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


VINEYARD NATIONAL: Ends April With $1,207,315 Cash
--------------------------------------------------
On May 14, 2010, Vineyard National Bancorp filed its unaudited
report for the month of April 2010 with the Office of the
United States Trustee.

The Company ended April with $1,207,315 cash in its general
account.  The Company had total assets of $1,388,590 and total
liabilities of $181,695,773.

The Company reported a net loss of $100,507 in April 2010.

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

               http://researcharchives.com/t/s?6238

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).

                            *********

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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herein is obtained from sources believed to be reliable, but is
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The TCR subscription rate is $775 for 6 months delivered via e-
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are $25 each.  For subscription information, contact Christopher
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                 *** End of Transmission ***