/raid1/www/Hosts/bankrupt/TCR_Public/100703.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, July 3, 2010, Vol. 14, No. 182

                            Headlines



ACCENTIA BIOPHARMA: Files May 2010 Operating Report
ADVANTA CORP: Posts $2.3 Million Net Loss in May
BANKUNITED FINANCIAL: Earns $27,150 in May
BIOVEST INTERNATIONAL: Files May 2010 Operating Report
BROWN PUBLISHING: Files Initial Monthly Operating Report

CATHOLIC CHURCH: Fairbanks Has $973,507 Cash at Feb. 28
CATHOLIC CHURCH: Wilmington Has $1,087,913 Cash at April 30
FAIRPOINT COMMS: Has $120,172,794 Cash at End of May
FLEETWOOD ENTERPRISES: Posts $5.0 Million Net Loss in April-May
FLYING J: Earns $5.9 Million in April

GENERAL MOTORS: Posts $14.2 Million Net Loss in May
GREEKTOWN HOLDINGS: Reports $1,657,292 Net Loss for May
LEHMAN BROTHERS: Has $18.359 Billion Cash at May 31
MAJESTIC STAR: Posts $2.7 Million Net Loss in May
NORTEL NETWORKS: Has US$877 Million Cash at End of April

NORTEL NETWORKS: Posts $5 Million Net Loss in May
NOVA HOLDING: Posts Net Loss of $306,350 in March
PCAA PARENT: Earns $5,933,946 in April
PENN TRAFFIC: Posts $2.5 Million Net Loss in Month Ended May 29
PFF BANCORP: Posts $55,924 Net Loss in May

POINT BLANK: Earns $186,652 in May
R&G FINANCIAL: Files Initial Monthly Operating Report
REFCO INC: Refco LLC Has $5,057,000 Cash at End of April
TOUSA INC: Cash Declines to $486 Million at May 31
TRONOX INC: Reports May Net Income of $46.9 Million on Gain

WHITEHALL JEWELERS: Posts $560,000 Net Loss From April 4 - May 1



                            *********



ACCENTIA BIOPHARMA: Files May 2010 Operating Report
---------------------------------------------------
On June 22, 2010, Accentia BioPharmaceuticals, Inc., and
certain of its affiliates filed their unaudited combined monthly
operating report for May 2010 with the United States Bankruptcy
Court for the Middle District of Florida, Tampa Division.

Their schedule of receipts and disbursements for May 2010 showed:

    Funds at beginning of period           $1,383,245
    Total Receipts                            $39,887
    Total Funds Available for Operations   $1,423,132
    Total Disbursements                      $467,772
    Funds at May 31, 2010                    $955,360

A full-text copy of the Debtors' monthly operating report for
May 2010 is available at no charge at:

               http://researcharchives.com/t/s?65bb

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

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

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


ADVANTA CORP: Posts $2.3 Million Net Loss in May
------------------------------------------------
Advanta Corp. and certain of its subsidiaries filed on June 24,
2010, their unaudited monthly operating report for the month ended
May 31, 2010, with the U.S. Bankruptcy Court for the District of
Delaware.

Advanta Corp. reported a net loss of $2.3 million for the month
of May 2010.

At May 31, 2010, Advanta Corp. had $251.8 million in total
assets, $302.6 million in total debts, and ($50.8 million) of
stockholders' equity.

A copy of the Debtors' May 2010 monthly operating report is
available at no charge at http://researcharchives.com/t/s?65ba

                       About Advanta Corp.

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

In June 2009, the Federal Deposit Insurance Corporation placed
significant restrictions on the activities and operations of
Advanta Bank Corp., a wholly owned subsidiary of the Company, as
the Bank's capital ratios were below required regulatory levels.

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


BANKUNITED FINANCIAL: Earns $27,150 in May
------------------------------------------
On June 18, 2010, BankUnited Financial Corporation, together with
its subsidiaries BankUnited Financial Services, Inc., and CRE
America Corporation, filed its monthly operating report for
May 2010 with the United States Bankruptcy Court for the
Southern District of Florida.

Funds at May 31, 2010, were $14,829,607, compared to funds of
$14,802,457 at April 30, 2010.

BankUnited Financial Corporation, et al., reported net income of
$27,150 on total income of $356,354 for the period.  At May 31,
2010, BankUnited Financial Corporation, et al., had $39,704,117 in
total assets, $576,827,103 in total liabilities, and
($537,122,986) in total equity.

The May 2010 monthly operating report is available at no
charge at http://researcharchives.com/t/s?65b7

                    About BankUnited Financial

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

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

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

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


BIOVEST INTERNATIONAL: Files May 2010 Operating Report
------------------------------------------------------
Biovest International Inc. and certain of its debtor-affiliates
filed with the U.S. Bankruptcy Court for the Middle District of
Florida, Tampa Division on June 22, 2010, their unaudited combined
monthly operating report for the month of May 2010.

Their schedule of receipts and disbursements for May 2010 showed:

  Funds at beginning of period             $184,906
  Total Receipts                           $318,394
  Total Funds Available for Operations     $503,300
  Total Disbursements                      $462,376
  Funds at April 30, 2010                   $40,924

A full-text copy of Biovest International Inc. and its debtor-
affiliates' monthly operating report for May 2010 is available for
free at http://researcharchives.com/t/s?65bc

                  About Biovest International

Based in Tampa, Florida, Biovest International Inc. (Other OTC:
BVTI) -- http://www.biovest.com/-- is a pioneer in the
development of advanced individualized immunotherapies for life-
threatening cancers of the blood system.  Biovest is a majority-
owned subsidiary of Accentia Biopharmaceuticals Inc., with its
remaining shares publicly traded.

Biovest filed for Chapter 11 bankruptcy protection on November 10,
2008 (Bankr. M.D. Fla. Case No. 08-17796).


BROWN PUBLISHING: Files Initial Monthly Operating Report
--------------------------------------------------------
The Brown Publishing Company, et al., filed on June 19, 2010, a
first monthly operating report for the filing period April 30,
2010, through May 30, 2010.

The Debtors ended the period with $2,320,400 cash, compared to
$1,048,300 at the beginning of the period.

A copy of the initial monthly operating report is available at:

      http://bankrupt.com/misc/brownpublishing.initiamor.pdf

                  About Brown Publishing Company

Headquartered in Cincinnati, Ohio, The Brown Publishing Company
owns business publications in Ohio, Utah, Texas, South Carolina,
New York, and Iowa.  Brown publishes 15 daily, 32 weekly, 11
business and 41 free publications.  There are also 51 websites.
Seventy-eight of the publications are in Ohio. Brown publishes
Dan's Papers, the weekly newspaper with the largest circulation in
the area of eastern Long Island, New York, known as the Hamptons.
Brown also publishes the Montauk Pioneer, which it calls the
official newspaper of Montauk, New York.

The Company filed for Chapter 11 bankruptcy protection on
April 30, 2010 (Bankr. E.D.N.Y. Case No. 10-73295).  Edward M.
Fox, Esq., at K&L Gates LLP, assists the Company in its
restructuring effort.  The Company estimated its assets and debts
at $10,000,001 to $50,000,000.


CATHOLIC CHURCH: Fairbanks Has $973,507 Cash at Feb. 28
-------------------------------------------------------
              Catholic Bishop of Northern Alaska
                Statement of Financial Position
                    As of February 28, 2010

                                             CBNA      Held for
ASSETS                                        Total       Others
                                             -----     --------
Cash and cash equivalents                 $973,507      $94,699
Investments:
  Valuables in safe                            168            -
  Trust account @ market                   764,466            -
  457 Plan assets @ market                       -      124,228
  Endowment Fund @ market                        -    6,628,558
  Endowment Fund - earnings @ market      (669,161)           -
  Stocks                                    13,353            -
  Limited partnerships                     261,324            -
Accounts receivable, net of allowance:
  Tuition, fees and others                 159,665            -
  For parishes and school                  113,249            -
  Other                                      2,400            -
Notes and other receivables                 48,395    8,200,000
Grants pledged                                   -            -
Fixed assets, net at cost:
  Land and building                      7,402,025            -
  Aircraft                                 123,341            -
  Equipment                                  9,826            -
Other assets                               229,216            -
                                        ----------   ----------
  Total Assets                          $9,431,778  $15,047,486

LIABILITIES AND NET ASSETS

Liabilities:
Accounts payable/accrued liabilities    $1,904,041            -
Notes payable                            8,350,000            -
D.I.P. Loan                              1,000,000            -
Benefits payable                            57,339            -
Deferred revenue                              (335)           -
Annuities payable                          186,527            -
Other liabilities                          129,271            -
Payroll-related liabilities:
  Payroll taxes                             39,970            -
  General vacation accrual account          15,943            -
  Tax sheltered annuity                          -            -
  Accrued leave                            223,389            -
Insurance:
  Long term disability                       1,482            -
  Insurance deposits payables               58,634            -
  Insurance reserves expense                77,877            -
  Indemnity insurance reserves                 261            -
  Medical/Dental payroll deduction          23,379            -
CBNA building loan                               -            -
                                        ----------   ----------
  Total Liabilities                     12,067,783            -
                                        ----------   ----------
Total net assets                        (2,636,005)  15,047,486
                                        ----------   ----------
  Total Liabilities and Net Assets      $9,431,778  $15,047,486
                                        ==========   ==========

              Catholic Bishop of Northern Alaska
                    Statement of Activities
            For the month ending February 28, 2010

                                            CBNA       Held for
                                            Total        Others
Support and revenue:                        -----     --------
  Parish assessments                       $27,151            -
  Tuition, net of tuition assistance       183,065            -
  Curricular income                         14,854            -
  Donations                                300,182            -
  Investment income                        108,469      $17,977
  Other income                             245,254        4,115
  Temporarily restricted gifts               9,386            -
                                        ----------   ----------
  Total support and revenue                888,365       22,092

Expenses:
  Operating expenses                        33,189            -
  Supplies                                   9,618            -
  Repair & Maintenance                      11,458            -
  Utilities                                 43,029            -
  Insurance                                 19,072            -
  Staff Expenses:
     Salaries & Wages                      341,653            -
     Payroll Taxes                          20,956            -
     Employee Benefits                      80,233            -
  Curricular Expenses                       10,028            -
  Recruiting, advertising and PRs              997            -
  Travel Expenses                            9,924            -
  Student related expenses                     970            -
  Contributions                                200            -
  Professional and technical fees              510            -
  Investment services                        7,556         $976
  Subsidies                                115,139            -
  Rental/Lease Expense                       6,418            -
  Assessments                                    -            -
  Fund Raising Expense                       5,950            -
  Radio Programming Expense                  7,694            -
  Radio Technical Dept. Expenses             7,586            -
  Miscellaneous Expense                  8,418,685            -
                                        ----------   ----------
  Total General                          9,150,871          976

  Funds released from restricted funds           -            -
  Net change in designated funds                 -            -
                                        ----------   ----------
  Total Expenses                         9,150,871          976
                                        ----------   ----------
Increase (decrease) in net assets       (8,262,506)      21,116
                                        ----------   ----------

Re-organization costs                       15,389            -
Increase (decrease) in net assets       ----------   ----------
after Re-org costs                      (8,277,895)      21,116

Net assets:
  Beginning of month                     5,641,890   15,026,369
                                        ----------   ----------
  End of month                         ($2,636,005) $15,047,486
                                        ==========   ==========

              Catholic Bishop of Northern Alaska
                Cash Receipts and Disbursements
            For the month ending February 28, 2010

                                             CBNA      Held for
                                             Total       Others
                                             -----     --------
Beginning balance - February 2008          $433,719      $31,975

Total receipts - prior gen.
  account reports                        28,387,507    3,075,600
Less total disbursements                 27,705,258    2,887,107
                                         ----------   ----------
Beginning balance - October 31, 2009      1,115,968      220,468

Receipts during current period:
  Transfers between internal accounts     8,637,787            -
  Funds received from investment accts    8,200,000            -
  Funds received by CBNA from KNOM           46,958            -
  Funds received from Catholic Schools       36,296            -
  Funds received by Catholic Schools        146,751            -
  Funds collected from others               131,286      131,286
  Custodial funds                            19,228       19,228
  Accounts receivable                       179,949            -
  Restricted funds and endowment gifts       11,036            -
  Donations                                 531,600            -
  Interest & dividends                        1,295            -
  Payment refund/return                       5,418            -
  Co-curricular income                        4,800            -
  Curricular income                             294            -
  Other income/fees                           2,453            -
  Miscellaneous                                 810            -
  Sale of books and cards                       694            -
  Sale of merchandise                           203            -
  Sale of assets                            173,460            -
  Service use fees                           15,000            -
                                         ----------   ----------
  Total receipts this period             18,145,325      150,514
                                         ----------   ----------
Balance                                  19,261,293      370,983

Less total disbursements:
  Transfers between internal accounts     8,637,787            -
  Transfers from KNOM to CBNA for payroll    48,927            -
  Transfers from CBNA to Cath. schools      121,061            -
  Funds disbursed for others                 93,182       93,182
  Custodial funds                            21,046       21,046
  Co-curricular expense                         250            -
  Curricular expense                          1,156            -
  Programming - News service                  4,154            -
  Wages & salaries                          276,777            -
  Employee benefits                         103,935            -
  Staff development                             932            -
  Supplies: maintenance/repairs              22,349            -
  Supplies: school                            1,177            -
  Supplies: office                            4,182            -
  Administrative                              8,561            -
  Maintenance/repairs                         1,107            -
  Rent                                       69,969            -
  Fundraising                                 8,650            -
  Telephone/Internet                          5,412            -
  Utilities                                  47,551            -
  Dues/Fees                                     789            -
  Refunds                                     1,429            -
  Travel                                     16,725            -
  Printing & copying                         10,449            -
  Postage                                     9,341            -
  Services & insurance                        8,592            -
  Education expenses                          2,197            -
  Taxes                                      78,343            -
  Bank fees and charges                       5,627            -
  Interest expense                              263            -
  Music license fee                              28            -
  List rental and copy leases                 5,418            -
  Restricted                                  1,669            -
  Annuities                                     425            -
  Professional fees                          24,345            -
  Miscellaneous                                 351            -
  Supplies: food                              2,839            -
  Subscriptions                                  71            -
  Advertising                                   470            -
  Reimbursements                                 92            -
  Subsidies                                 136,065            -
  Supplies: religious                           162            -
  Assessments: ACCB, USCCB                    3,307            -
  Charitable contributions                      200            -
  Business meals                                 18            -
  Reorg settlement                        8,407,000            -
                                         ----------   ----------
  Total disbursements this period        18,194,403      114,229
                                         ----------   ----------
Ending balance - February 28, 2010       $1,066,890     $256,754
                                         ==========   ==========

                About the Diocese of Fairbanks

The Roman Catholic Diocese of Fairbanks in Alaska, aka Catholic
Bishop of Northern Alaska, aka Catholic Diocese of Fairbanks, aka
The Diocese of Fairbanks, aka CBNA -- http://www.cbna.info/--
filed for Chapter 11 bankruptcy on March 1, 2008 (Bankr. D. Alaska
Case No. 08-00110).  Susan G. Boswell, Esq., at Quarles & Brady
LLP represents the Debtor in its restructuring efforts.  Michael
R. Mills, Esq., of Dorsey & Whitney LLP serves as the Debtor's
local counsel and Cook, Schuhmann & Groseclose Inc. as its special
counsel.  Judge Donald MacDonald, IV, of the United States
Bankruptcy Court for the District of Alaska presides over
Fairbanks' Chapter 11 case.  The Debtor's schedules show total
assets of $13,316,864 and total liabilities of $1,838,719.

The church's plans to file its bankruptcy plan and disclosure
statement on July 15, 2008.  Its exclusive plan filing period
expires on January 15, 2009.  (Catholic Church Bankruptcy News;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


CATHOLIC CHURCH: Wilmington Has $1,087,913 Cash at April 30
-----------------------------------------------------------
             Catholic Diocese of Wilmington, Inc.
                         Balance Sheet
                     As of April 30, 2010

ASSETS
  Cash & Equivalents                                 $1,087,913
  Accounts Receivable (Net)                           2,610,084
  Payroll Receivable                                          -
  Notes Receivable                                    1,472,779
  Professional Retainers                              1,195,000
  Unrestricted Pooled Investments                    14,596,609
  Restricted Pooled Investments                      31,204,063
  Unallocated Audit Fees                                240,942
  Other Assets                                           53,743
  Real Estate                                         1,106,640
  Assets Held for Others                             82,201,670
                                                    -----------
     TOTAL ASSETS                                  $135,769,443
                                                    ===========

LIABILITIES
  Pre-Filing Accounts Payable                          $136,216
  Payroll & Payroll Taxes Payable                             -
  Payroll Garnishments Payable                                -
  Accrued Vacation Time Payable                         125,107
  Blue Cross/Blue Shield Accrual                         68,970
  Accounts Payable Capital Campaign                      18,096
  Bonds Payable                                      11,000,000
  Priest Pension                                     13,107,216
  Lay Pensions                                       64,366,743
  National Collections                                  296,977
  Other Liabilities                                      34,534
  Assets Held for Others                             82,201,670
                                                    -----------
     TOTAL LIABILITIES                              171,355,529

NET ASSETS
  Beginning Year Net Assets                         (41,816,364)
  Net Assets - Prepetition                            4,138,712
  Net Assets - Postpetition                           2,091,566
                                                    -----------
TOTAL NET ASSETS                                    (35,586,086)
                                                    -----------
TOTAL LIABILITIES & NET ASSETS                     $135,769,443
                                                    ===========

              Catholic Diocese of Wilmington, Inc.
                    Statement of Operations
              For the month ending April 30, 2010

CDOW Operations
  CDOW Revenue
     Assessments                                       $364,036
     Investment Income                                  734,321
     Operational Income                                 196,983
     Designated Income (Education)                        7,374
                                                    -----------
  Total CDOW Revenue                                  1,302,714

  CDOW Expenses
     Payroll & Taxes                                   (207,857)
     Medical Payments                                         -
     Other Compensation                                 (49,211)
     Other Operational                                 (203,459)
     Capital Expenditures                                     -
     Catholic Schools, Inc.                             (19,196)
     Casa San Francisco                                       -
     Ministry to the Elderly                                  -
     Neumann Center                                     (28,650)
     Vision for the Future (Tuition Assistance)        (255,228)
     Owed to Parishes (Cap Campaign)                     (1,985)
                                                    -----------
  Total CDOW Expenses                                  (765,586)
                                                    -----------
CDOW NET OPERATING CASH                                 537,128

  Program Services
     Annual Appeal Revenue                              678,294
     Program Services Expenditures
        Catholic Youth Organization                      (9,000)
        Catholic Charities                              (94,268)
        High School Appeal Allocation                         -
        The Dialog                                      (46,420)
                                                    -----------
     Total Program Services Expenses                   (149,688)
                                                    -----------
  PROGRAM SERVICES NET CASH                             528,606

Benefits & Insurance Program Administration
  Medical Program
     Premiums Received                                  730,812
     Expenses                                          (869,452)
                                                    -----------
     Net Medical                                       (138,640)

  Workers Compensation
     Premiums Received                                        -
     Expenses                                           (32,472)
                                                    -----------
     Net Workers Comp                                   (32,472)

  Property & Liability Insurance
     Premiums Received                                  313,934
     Expenses                                           (95,286)
                                                    -----------
     Net P&L Insurance                                  218,648

  Pensions
     Priests                                            (54,917)
     Lay Employees                                            -
                                                    -----------
     Total Pensions                                     (54,917)
                                                    -----------
NET CHANGE IN LIQUIDITY                              $1,058,353
                                                    ===========

              Catholic Diocese of Wilmington, Inc.
          Schedule of Cash Receipts and Disbursements
              For the month ending April 30, 2010

CASH BEGINNING OF PERIOD                               $749,937

RECEIPTS
  ASSESSMENTS                                           364,036
  ANNUAL APPEAL                                         678,292
  INSURANCE PREMIUMS                                  1,044,746
  OTHER OPERATING                                       204,357
                                                    -----------
  TOTAL RECEIPTS                                      2,291,431

DISBURSEMENTS
  NET PAYROLL AND TAXES                                 207,857
  INSURANCE PAYMENTS                                    997,210
  OPERATING EXPENSES                                    262,167
  OTHER                                                 424,112
  PROFESSIONAL FEES                                      49,781
  U.S. TRUSTEE QUARTERLY FEES                                 -
  COURT COSTS                                                 -
                                                    -----------
TOTAL DISBURSEMENTS                                   1,941,127
                                                    -----------
NET CASH FLOW                                           350,304
                                                    -----------
Transfers out                                            21,138
Transfers in                                                  -
                                                    -----------
CASH - END OF PERIOD                                 $1,079,103
                                                    ===========

                 About the Diocese of Wilmington

The Diocese of Wilmington covers Delaware and the Eastern Shore of
Maryland and serves about 230,000 Catholics.  The Delaware diocese
is the seventh Roman Catholic diocese to file for Chapter 11
protection to deal with lawsuits for sexual abuse.  Previous
filings were by the dioceses in Spokane, Washington; Portland,
Oregon; Tucson, Arizona; Davenport, Iowa, Fairbanks, Alaska; and
San Diego, California.

The bankruptcy filing automatically stayed eight consecutive abuse
trials scheduled in Delaware scheduled to begin October 19.  There
are 131 cases filed against the Diocese, with 30 scheduled for
trial.

The Diocese filed for Chapter 11 on Oct. 18, 2009 (Bankr. D. Del.
Case No. 09-13560).  Attorneys at Young Conaway Stargatt & Taylor,
LLP, serve as counsel to the Diocese.  The Ramaekers Group, LLC is
the financial advisor.  The petition says assets range $50,000,001
to $100,000,000 while debts are between $100,000,001 to
$500,000,000. (Catholic Church Bankruptcy News; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).


FAIRPOINT COMMS: Has $120,172,794 Cash at End of May
----------------------------------------------------
     FairPoint Communications, Inc., and Subsidiaries
       Schedule of Cash Receipts and Disbursements
                For the Period May 1 - 31, 2010

Cash Beginning of the Month                        $146,124,355

Receipts:
Cash                                                 76,723,072
Intra-debtor transfers                              257,873,350
                                                 --------------
Total Receipts                                      334,596,423

Disbursements:
Employee Expenses                                   (26,245,929)
Restructuring                                        (4,243,401)
Operating Taxes                                      (3,096,053)
Marketing Expenses                                   (1,302,075)
Insurance                                              (250,010)
Other Expenses                                      (55,880,052)
Capital Expenditures                                (11,657,112)
Intra-debtor transfers                             (257,873,350)
                                                  -------------
Total Disbursements                                (360,547,984)
                                                  -------------
Net Cash Flow                                       (25,951,561)
                                                  -------------
Cash - End of the month                            $120,172,794
                                                  =============

The Debtors made payments, aggregating $13,201,581, to their
professionals for the May 2010, a schedule of which is available
for free at http://bankrupt.com/misc/FairPt_ProfFees_May2010.pdf

The Debtors' May 2010 Monthly Operating Report does not
include a balance sheet table and an income statement table.

According to D. Brett Ellis, FairPoint Communications' vice
president for investor relations and assistant controller, the
Debtors' financial results for May 2010 are subject to the
completion of the Debtors' financial statements and the
completion of the annual audit by their independent accounting
firm for the year ended December 31, 2009.

                   About FairPoint Communications

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

FairPoint and its affiliates filed for Chapter 11 on Oct. 26, 2009
(Bankr. D. Del. Case No. 09-16335).  Rothschild Inc. is acting as
financial advisor for the Company; AlixPartners, LLP as the
restructuring advisor; and Paul, Hastings, Janofsky & Walker LLP
is the Company's counsel.  BMC Group is claims and notice agent.

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

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


FLEETWOOD ENTERPRISES: Posts $5.0 Million Net Loss in April-May
---------------------------------------------------------------
Fleetwood Enterprises, Inc., filed on June 25, 2010, its monthly
operating report for the period beginning on April 26, 2010,
through May 23, 2010, with the United States Trustee for the
Central District of California, Riverside Division.

Fleetwood posted a net loss of $5,008,365 in the April 2010 -
May 2010 period.

As of May 23, 2010, the Company had total assets of
$153,757,000, total liabilities of $364,849,000, and stockholders'
equity of ($211,092,000).

As of May 23, 2010, Fleetwood Enterprises had $28,915,079 cash in
the general account.

   Beginning balance                     $27,424,262
   Receipts                               $5,118,973
   Disbursements                          $3,628,158
   Ending Balance                        $28,915,079

A full-text copy of the April 2010 - May 2010 monthly operating
report is available at no charge at:

               http://researcharchives.com/t/s?65bd

                   About Fleetwood Enterprises

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

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


FLYING J: Earns $5.9 Million in April
-------------------------------------
Flying J Inc. reported net income of $5.9 million on sales of
$210.8 million for the month ended April 30, 2010.  Results
include gain from investment in affiliated companies of
$11.8 million.  Income tax benefit was $3.2 million for the
period.

At April 30, 2010, Flying J had $831.8 million in total assets,
$618.4 million in total liabilities, and $213.4 million in total
shareholders' equity.

The Company ended April 2010 with $60.7 million in cash.
Payment for professional fees totaled $4.9 million for the month.

A full-text copy of Flying J's monthly operating report for
April 2010 is available at:

        http://bankrupt.com/misc/flyingj.april2010mor.pdf

                       About Flying J Inc.

Based in Ogden, Utah, Flying J Inc. -- http://www.flyingj.com/--
is among the 20 largest private companies in America, with 2007
sales exceeding $16 billion.  The fully integrated oil company
employs approximately 14,700 people in the U.S. and Canada through
its interstate operations, transportation, refining and supply,
exploration and production, as well as its financial services and
communications, divisions.

Flying J and six of its affiliates filed for bankruptcy on
December 22, 2008 (Bankr. D. Del. Lead Case No. 08-13384).  Flying
J sought Chapter 11 protections after a precipitous drop in oil
prices and disruption in the credit markets brought to bear
significant short-term pressure on the company's liquidity
position.

Attorneys at Young Conaway Stargatt & Taylor LLP, and Kirkland &
Ellis LLP, represent the Debtors in their Chapter 11 effort.
Blackstone Advisory Services L.P. is the Debtors' investment
banker and financial advisor.  Epiq Bankruptcy Solutions LLC is
the Debtors' notice, claims and balloting agent.  In its formal
schedules submitted to the Bankruptcy Court, Flying J listed
assets of $1,433,724,226 and debts of $640,958,656.

An official committee of unsecured creditors has been appointed in
the case.  Pachulski Stang Ziehl & Jones LLP has been tapped as
counsel for the creditors' panel.


GENERAL MOTORS: Posts $14.2 Million Net Loss in May
---------------------------------------------------
On June 25, 2010, Motors Liquidation Company, et al., filed their
unaudited Monthly Operating Report for the month ended May 31,
2010, with the United States Bankruptcy Court for the Southern
District of New York.

The Debtors reported a net loss of $14.2 million on $1.7 million
of rental and other income for the month.

At May 31, 2010, the Debtors had $1.215 billion in total assets,
$33.503 billion of total liabilities, for net assets of
$32.288 billion.

A full-text copy of the monthly operating report for the month
ended May 31, 2010, is available for free at:

               http://researcharchives.com/t/s?65c2

                         About General Motors

With its global headquarters in Detroit, Michigan, General Motors
Company -- http://www.gm.com/-- is one of the world's largest
automakers.  GM employs 207,000 people in every major region of
the world and does business in some 140 countries.  GM and its
strategic partners produce cars and trucks in 34 countries, and
sell and service these vehicles through the following brands:
Buick, Cadillac, Chevrolet, FAW, GMC, Daewoo, Holden, Opel,
Vauxhall and Wuling. GM's largest national market is the United
States, followed by China, Brazil, Germany, the United Kingdom,
Canada, and Italy.  GM's OnStar subsidiary is the industry leader
in vehicle safety, security and information services.

GM acquired its operations from General Motors Company, n/k/a
Motors Liquidation Company, on July 10, 2009, pursuant to a sale
under Section 363 of the Bankruptcy Code.  Motors Liquidation or
Old GM is the subject of a pending Chapter 11 reorganization case
before the U.S. Bankruptcy Court for the Southern District of New
York.

At March 31, 2010, GM had US$136.021 billion in total assets,
total liabilities of US$105.970 billion and preferred stock of
US$6.998 billion, and non-controlling interests of US$814 million,
resulting in total equity of US$23.053 billion.

                   About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection on June 1, 2009 (Bankr. S.D.N.Y. Lead Case
No. 09-50026).  General Motors changed its name to Motors
Liquidation Co. following the sale of its key assets to a company
60.8% owned by the U.S. Government.

The Honorable Robert E. Gerber presides over the Chapter 11 cases.
Harvey R. Miller, Esq., Stephen Karotkin, Esq., and Joseph H.
Smolinsky, Esq., at Weil, Gotshal & Manges LLP, assist the Debtors
in their restructuring efforts.  Al Koch at AP Services, LLC, an
affiliate of AlixPartners, LLP, serves as the Chief Executive
Officer for Motors Liquidation Company.  GM is also represented by
Jenner & Block LLP and Honigman Miller Schwartz and Cohn LLP as
counsel.  Cravath, Swaine, & Moore LLP is providing legal advice
to the GM Board of Directors.  GM's financial advisors are Morgan
Stanley, Evercore Partners and the Blackstone Group LLP.

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


GREEKTOWN HOLDINGS: Reports $1,657,292 Net Loss for May
-------------------------------------------------------
                    Greektown Holdings, LLC
                         Balance Sheet
                       As of May 31, 2010

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

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

Other Assets
Financing Fees                                              0
Notes receivables from affiliates                 545,983,898
Investments in affiliate                          (61,748,947)
                                                --------------
Total Assets                                      $487,677,537
                                                ==============

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

Secured liabilities subject to postpetition
collateral or financing order                      192,835,597
All other secured liabilities                      353,148,301
                                                --------------
Total secured liabilities                         545,983,898

Prepetition liabilities:
Taxes and other priority liabilities                        -
Unsecured liabilities                             246,738,807
Discount on bonds                                           0
                                                --------------
Total prepetition liabilities                     246,738,807

Kewadin equity                                     (99,399,607)
Monroe equity                                      (87,697,011)
Owner's capital                                        488,947
Retained earnings prepetition                      116,601,907
Retained earnings postpetition                    (236,389,403)
                                                --------------
Total stockholders' equity                       (306,395,168)
                                                --------------
Total liabilities                                 794,072,704
                                                --------------
Total Liabilities & Shareholders' Deficit         $487,677,537
                                                ==============

                    Greektown Holdings, LLC
                       Income Statement
                For the month ended May 31, 2010

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

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

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

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

                    Greektown Holdings, LLC
                      Cash Flow Statement
                For the month ended May 31, 2010

Cash - beginning of month                                   $0

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

                      Greektown Casino LLC
                         Balance Sheet
                       As of May 31, 2010

Assets
Cash                                              $24,054,346
Inventory                                             385,946
Accounts receivable                                 4,957,411
Insider Receivables                                         -

Property and Equipment
Land and buildings                                517,478,447
Furniture, fixtures and equipment                 112,648,145
Accumulated depreciation                         (161,476,902)
Other current                                      26,362,671
Other long term                                    17,329,961
                                                --------------
Total Assets                                      $541,740,025
                                                ==============

Liabilities and Stockholder's Equity
Postpetition liabilities:
Accounts payable                                  $11,915,089
Notes payable                                       1,131,840
Rent and lease payable                                      -
Wages and salaries                                  1,742,581
Taxes payable                                         654,030
Other                                                 148,764
                                                --------------
Total postpetition liabilities                     15,592,305

Secured liabilities subject to postpetition
collateral or financing order                      192,835,696
All other secured liabilities                      363,146,302
                                                --------------
Total secured liabilities                         545,983,898

Prepetition liabilities:
Taxes and other priority liabilities                        -
Unsecured liabilities                              39,580,131
Other                                               2,332,640
                                                --------------
Total prepetition liabilities                      41,912,771

Equity                                             47,575,616
Owner's capital                                             -
Retained earnings prepetition                      82,744,007
Retained earnings postpetition                   (192,068,571)
                                                --------------
Total shareholders' equity                        (61,748,948)
                                                --------------
Total liabilities                                 603,488,973
                                                --------------
Total Liabilities & Shareholders' Equity          $541,740,026
                                                ==============

                      Greektown Casino LLC
                        Income Statement
                For the month ended May 31, 2010

Total revenue/sales                                $31,831,789
Cost of sales                                        3,993,354
                                                --------------
Gross profit                                        27,838,435

Operating Expenses
Officer compensation                                   42,582
Salary expenses, other employees                    5,216,132
Employees benefits & pensions                       2,237,876
Payroll taxes                                         626,766
Other taxes                                           626,390
Rent and lease expense                                  7,989
Interest expense                                    5,000,879
Insurance                                             217,533
Automobile & truck expense                                  -
Utilities                                             304,667
Depreciation                                        1,428,168
Travel and entertainment                                3,940
Repairs and maintenance                                64,064
Advertising                                           793,546
Supplies, office expense, etc.                         18,164
Gaming taxes                                        6,308,816
G&A expenses                                        2,404,766
F&B expenses                                          909,847
MGCB Fee                                              852,778
Parking/other                                               -
Pre-opening expenses                                        -
Impairment of intangible assets                             -
                                                --------------
Total expenses                                     27,061,903

Net operating profit (loss)                           776,532
Add: Non-operating income:
     Interest income                                         -
     Other income                                            -

Less: Non-operating expenses
      Professional fees                              1,544,374
      Other                                                  -
      Other - MBT(Benefit)/Expense                     250,000
                                                --------------
Net Income (Loss)                                  ($1,017,842)
                                                ==============

                      Greektown Casino LLC
                       Cash Flow Statement
                For the month ended May 31, 2010

Cash - beginning of month                          $10,765,186

Receipts                                           29,085,311
Balance available                                  39,850,497
                                                --------------
Less disbursements                                 21,608,711
                                                --------------
Cash - end of month                                $18,241,785
                                                ==============

                     About Greektown Casino

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

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

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

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


LEHMAN BROTHERS: Has $18.359 Billion Cash at May 31
---------------------------------------------------
Lehman Brothers Holdings Inc. disclosed these cash receipts and
disbursements of the company, its affiliated debtors and other
controlled entities for the month ended May 31, 2010:

Beginning Cash & Investments (05/01/10) $17,376,000,000
Total Sources of Cash                     1,640,000,000
Total Uses of Cash                         (620,000,000)
FX Fluctuation                              (38,000,000)
                                         ---------------
Ending Cash & Investments (05/31/10)    $18,359,000,000

LBHI reported $2.4 billion in cash as of May 1, 2010, and
$2.344 billion in cash as of May 31, 2010.

The monthly operating report also showed that from September 15,
2008 to May 31, 2010, a total of $830,576,000 had been paid to
professionals, including ordinary course professionals employed
by the Debtors, the Official Committee of Unsecured Creditors,
the Chapter 11 examiner and the Fee Examiner.  Of the amount,
Alvarez & Marsal LLC, the Debtors' turnaround manager, raked in
$296,010,000, while Weil Gotshal & Manges LLP, the Debtors' lead
bankruptcy counsel, earned $190,746,000.

A full-text copy of the May 2010 Operating Report is available
for free at http://bankrupt.com/misc/LehmanMORMay2010.pdf

                        About Lehman Brothers

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)


MAJESTIC STAR: Posts $2.7 Million Net Loss in May
-------------------------------------------------
The Majestic Star Casino, LLC, filed on June 30, 2010, a monthly
operating report for May 2010.

The Company reported a net loss of $2,706,895 on net revenues of
$8,991,205 in May.

At May 31, 2010, the Company had $290,249,890 in total assets
and $778,894,616 in total liabilities.

A copy of the Company's May 2010 monthly operating report is
available at:

       http://bankrupt.com/misc/majesticstar.may2010mor.pdf

The Company reported a net loss of $3,123,814 on net revenues of
$8,511,103 in April.

A copy of the Company's April 2010 monthly operating report is
available at:

      http://bankrupt.com/misc/majesticstar.april2010mor.pdf

                        About Majestic Star

The Majestic Star Casino, LLC -- aka Majestic Star Casino, aka
Majestic Star -- is based in Las Vegas, Nevada.  It is a wholly
owned subsidiary of Majestic Holdco, LLC, which is a wholly owned
subsidiary of Barden Development, Inc.  The Company was formed on
December 8, 1993, as an Indiana limited liability company to
provide gaming and related entertainment to the public.  The
Company commenced gaming operations in the City of Gary at
Buffington Harbor, located in Lake County, Indiana on June 7,
1996.  The Company is a multi-jurisdictional gaming company with
operations in three states -- Indiana, Mississippi and Colorado.

The Company filed for Chapter 11 bankruptcy protection on
November 23, 2009 (Bankr. D. Del. Case No. 09-14136).

The Company's affiliates -- The Majestic Star Casino II, Inc., The
Majestic Star Casino Capital Corp., Majestic Star Casino Capital
Corp. II, Barden Mississippi Gaming, LLC, Barden Colorado Gaming,
LLC, Majestic Holdco, LLC, and Majestic Star Holdco, Inc. -- also
filed separate Chapter 11 petitions.

Kirkland & Ellis LLP is the Debtors' bankruptcy counsel.  James E.
O'Neill, Esq., Laura Davis Jones, Esq., and Timothy P. Cairns,
Esq., at Pachulski Stang Ziehl & Jones LLP are the Debtors'
Delaware counsel.  Xroads Solutions Group, LLC, is the Debtors'
financial advisor, while EPIQ Bankruptcy Solutions LLC are the
Debtors' claims and notice agent.

The Majestic Star Casino, LLC's balance sheet at June 30, 2009,
showed total assets of $406.42 million and total liabilities of
$749.55 million.  When it filed for bankruptcy, the Company listed
up to $500 million in assets and up to $1 billion in debts.


NORTEL NETWORKS: Has US$877 Million Cash at End of April
--------------------------------------------------------
                  Nortel Networks Inc., et al.
                Condensed Combined Balance Sheet
                      As of April 30, 2010
                          (Unaudited)
                 (In millions of U.S. dollars)

                                     NNI  AltSystems  Other
                                   -----  ----------  -----
ASSETS
Current assets
Cash and cash equivalents            $877           -      -
Restricted cash and cash equivalents   37           1      -
Accounts receivable - net              85           -      -
Intercompany accounts receivable      361          47     (6)
Inventories - net                      36           -      -
Other current assets                  108           -      -
Assets held for sale                  103           -      -
Assets of discontinued operations      20           -      -
                                    -----  ----------  -----
Total current assets                1,627          48     (6)

Investments in non-Debtor
subsidiaries                          45           1     (1)
Investments, other                     19           -      -
Plant and equipment, ne t              79           -      -
Goodwill                                -           1      -
Other assets                           49           -      -
                                    -----  ----------  -----
Total assets                       $1,819         $50    ($7)


LIABILITIES AND SHAREHOLDERS' DEFICIT

Current liabilities not subject to compromise
Trade and other accounts payable       22           -      -
Intercompany accounts payable          48          10     (6)
Payroll & benefit-related liabilities  22           -      -
Contractual liabilities                 2           -      -
Restructuring liabilities               2           -      -
Other accrued liabilities             135           -      -
Income taxes                           15           -      -
Liabilities held for sale              86           -      -
Liabilities of discontinued operations 28           -      -
                                    -----  ----------  -----
Total current liabilities not         360          10    (6)
subject to compromise

Restructuring                           4           -      -
Deferred income and other credits       7           -      -
Post-employment benefits                8           -      -
                                    -----  ----------  -----
Total liabilities not subject to      379          10     (6)
compromise

Liabilities subject to compromise   5,579          54    127
Liabilities subject to compromise
of discontinued operations            82           -      -
                                    -----  ----------  -----
Total liabilities                  $6,040         $64   $121

SHAREHOLDERS' DEFICIT
Common shares                           -         719     32
Preferred shares                        -          16     47
Additional paid-in capital         17,746       7,330  5,252
Accumulated deficit               (21,957)     (8,079)(5,458)
Accumulated other comprehensive
income (loss)                        (10)          -     (1)
                                    -----  ----------  -----
Total U.S. Debtors shareholders'   (4,221)        (l4)  (l28)
deficit

Noncontrolling interests                -           -      -
                                    -----  ----------  -----
Total shareholders' deficit        (4,221)        (l4)  (l28)
                                    -----  ----------  -----
Total liabilities & shareholders'
deficit                           $1,819         $50    ($7)
                                   ======      ======  =====

                 Nortel Networks Inc., et al.
           Condensed Combined Statement of Operations
               For the Period April 1 to 30, 2010
                         (Unaudited)
                 (In millions of U.S. dollars)

                                     NNI  AltSystems  Other
                                    -----  ----------  -----
Total revenues                        $30           -      -
Total cost of revenues                 25           -      -
                                    -----  ----------  -----
Gross profit                            5           -      -

Selling, general and admin expense     20           -      -
Research and development expense        4           -      -
Other operating expense (income), net   -           -      -
                                    -----  ----------  -----
Operating earnings (loss)             (19)          -      -
Other income (expense), net            20           -      -
                                    -----  ----------  -----
Earnings from continuing operations
before reorganization items, income
taxes and equity in net earnings
(loss) of associated companies         1           -      -

Reorganization items, net              20           -      -
                                    -----  ----------  -----
Earnings from continuing operations
before income taxes and equity
in net earnings (loss) of
associated companies                  21           -      -
Income tax expense                      -           -      -
                                    -----  ----------  -----
Earnings from continuing operations
before equity in net earnings
(loss) of associated companies        21           -      -
Equity in net earnings (loss) of
associated companies, net of tax       -           -      -
Equity in net earnings (1oss) of
non-Debtor subsidiaries, net of tax    1           -      -
                                    -----  ----------  -----
Net earnings (loss) from continuing
operations                            22           -      -
Net earnings (loss) from discontinued
operations, net of tax                 -           -      -
                                    -----  ----------  -----
Net earnings (loss)                    22           -      -

Income attributable to
non-controlling interests              -           -      -
                                    -----  ----------  -----
Net earnings (loss) attributable
to U.S. Debtors                      $22           -      -
                                   ======      ======  =====

                 Nortel Networks Inc., et al.
           Condensed Combined Statement of Cash Flows
               For the Period April 1 to 30, 2010
                         (Unaudited)
                 (In millions of U.S. dollars)

                                      NNI   AltSystems  Other
                                     -----  ----------  -----
Cash flows from (used in) operating
activities:
Net earnings (loss) attributable
to U.S. Debtors                      $22           -      -
Net loss (earnings) from
discontinued operations, net of tax    -           -      -

Adjustments to reconcile net loss
from continuing operations to
net cash from (used in) operating
activities, net of effects from
acquisitions and divestitures of
businesses:
Amortization and depreciation          2           -      -
Equity in net earnings of associated
companies                             (1)          -      -
Pension and other accruals             2           -      -
Reorganization items, non cash       (49)          -      -
Other, net                             3           -      -
Change in operating assets
and liabilities                       28           -      -
                                    -----  ----------  -----
Net cash from (used in) operating
activities, continuing operations      7           -      -
Net cash from (used in) operating
activities, discontinued operations   (1)          -      -
                                    -----  ----------  -----
Net cash from (used in) operating       6           -      -
activities

Cash flows from (used in) investing
activities:
Change in restricted cash and cash
equivalents                           (1)          -      -
                                    -----  ----------  -----
Net cash from (used in) investing
activities, continuing operations     (1)          -      -
Net cash from (used in) investing
activities, discontinued operations    -           -      -
                                    -----  ----------  -----
Net cash from (used in) investing
activities                            (1)          -      -

Cash flows from (used in) financing
activities:
Net cash from (used in) financing
activities, continuing operations      -           -      -
Net cash from (used in) financing
activities, discontinued operations    -           -      -
                                    -----  ----------  -----
Net cash from (used in) financing
activities                             -           -      -

Effect of foreign exchange rate
changes on cash and cash equivalents   -           -      -
                                    -----  ----------  -----
Net cash from (used in) continuing
operations                             6           -      -
Net cash from (used in) discontinued
operations                             -           -      -
                                   -----  ----------  -----
Net increase (decrease) in cash and
cash equivalents                       6           -      -
                                    -----  ----------  -----
Cash and cash equivalents, beginning  871           -      -
                                    -----  ----------  -----
Cash and cash equivalents of
continuing operations, end          $877           -      -
                                   ======      ======  =====

                      About Nortel Networks

Nortel Networks (OTC BB: NRTLQ) -- http://www.nortel.com/--
delivers communications capabilities that make the promise of
Business Made Simple a reality for the Company's customers.  The
Company's next-generation technologies, for both service provider
and enterprise networks, support multimedia and business-critical
applications.  Nortel's technologies are designed to help
eliminate the barriers to efficiency, speed and performance by
simplifying networks and connecting people to the information they
need, when they need it.

Nortel Networks Corp., Nortel Networks Inc., and other affiliated
corporations in Canada sought insolvency protection under the
Companies' Creditors Arrangement Act in the Ontario Superior Court
of Justice (Commercial List).  Ernst & Young was appointed to
serve as monitor and foreign representative of the Canadian Nortel
Group.

The Monitor sought recognition of the CCAA Proceedings in the U.S.
by filing a bankruptcy petition under Chapter 15 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10164).  Mary Caloway,
Esq., and Peter James Duhig, Esq., at Buchanan Ingersoll & Rooney
PC, in Wilmington, Delaware, serves as the Chapter 15 petitioner's
counsel.

Nortel Networks Inc. and 14 affiliates filed separate Chapter 11
petitions on January 14, 2009 (Bankr. D. Del. Case No. 09-10138).
Judge Kevin Gross presides over the case.  James L. Bromley, Esq.,
at Cleary Gottlieb Steen & Hamilton, LLP, in New York, serves as
general bankruptcy counsel; Derek C. Abbott, Esq., at Morris
Nichols Arsht & Tunnell LLP, in Wilmington, serves as Delaware
counsel.  The Chapter 11 Debtors' other professionals are Lazard
Freres & Co. LLC as financial advisors; and Epiq Bankruptcy
Solutions LLC as claims and notice agent.

Certain of Nortel's European subsidiaries also made consequential
filings for creditor protection.  The Nortel Companies related in
a press release that Nortel Networks UK Limited and certain
subsidiaries of the Nortel group incorporated in the EMEA region
have each obtained an administration order from the English High
Court of Justice under the Insolvency Act 1986.  The applications
were made by the EMEA Subsidiaries under the provisions of the
European Union's Council Regulation (EC) No. 1346/2000 on
Insolvency Proceedings and on the basis that each EMEA
Subsidiary's centre of main interests is in England.  Under the
terms of the orders, representatives of Ernst & Young LLP have
been appointed as administrators of each of the EMEA Companies and
will continue to manage the EMEA Companies and operate their
businesses under the jurisdiction of the English Court and in
accordance with the applicable provisions of the Insolvency Act.

Several entities, particularly, Nortel Government Solutions
Incorporated have material operations and are not part of the
bankruptcy proceedings.

As of September 30, 2008, Nortel Networks Corp. reported
consolidated assets of US$11.6 billion and consolidated
liabilities of US$11.8 billion.  The Nortel Companies' U.S.
businesses are primarily conducted through Nortel Networks Inc.,
which is the parent of majority of the U.S. Nortel Companies.  As
of September 30, 2008, NNI had assets of about US$9 billion and
liabilities of US$3.2 billion, which do not include NNI's
guarantee of some or all of the Nortel Companies' about
US$4.2 billion of unsecured public debt.

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


NORTEL NETWORKS: Posts $5 Million Net Loss in May
-------------------------------------------------
On June 30, 2010, Nortel Networks Inc., a Delaware corporation and
an indirect subsidiary of Nortel Networks Corp., and several other
direct and indirect U.S. subsidiaries of Nortel Networks Corp.,
filed their unaudited condensed combined debtors-in-possession
financial statements included in the Monthly Operating Report for
the period from May 1, 2010 to May 31, 2010, with the United
States Bankruptcy Court for the District of Delaware.

Nortel Networks Inc. reported a net loss of $5 million on total
revenues of $44 million for the period.  Professional fees
directly related to reorganization totaled $10 million.

As of May 31, 2010, Nortel Networks Inc. had $1.804 billion in
total assets and $6.031 billion in total liabilities, for a
stockholders' deficit of $4.227 billion.

A full-text copy of the monthly operating report is available at
no charge at http://researcharchives.com/t/s?65c3

                     About Nortel Networks

Nortel Networks (OTC BB: NRTLQ) -- http://www.nortel.com/--
delivers communications capabilities that make the promise of
Business Made Simple a reality for the Company's customers.  The
Company's next-generation technologies, for both service provider
and enterprise networks, support multimedia and business-critical
applications.  Nortel's technologies are designed to help
eliminate the barriers to efficiency, speed and performance by
simplifying networks and connecting people to the information they
need, when they need it.

Nortel Networks Corp., Nortel Networks Inc., and other affiliated
corporations in Canada sought insolvency protection under the
Companies' Creditors Arrangement Act in the Ontario Superior Court
of Justice (Commercial List).  Ernst & Young was appointed to
serve as monitor and foreign representative of the Canadian Nortel
Group.

The Monitor sought recognition of the CCAA Proceedings in the U.S.
by filing a bankruptcy petition under Chapter 15 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10164).  Mary Caloway,
Esq., and Peter James Duhig, Esq., at Buchanan Ingersoll & Rooney
PC, in Wilmington, Delaware, serves as the Chapter 15 petitioner's
counsel.

Nortel Networks Inc. and 14 affiliates filed separate Chapter 11
petitions on January 14, 2009 (Bankr. D. Del. Case No. 09-10138).
Judge Kevin Gross presides over the case.  James L. Bromley, Esq.,
at Cleary Gottlieb Steen & Hamilton, LLP, in New York, serves as
general bankruptcy counsel; Derek C. Abbott, Esq., at Morris
Nichols Arsht & Tunnell LLP, in Wilmington, serves as Delaware
counsel.  The Chapter 11 Debtors' other professionals are Lazard
Freres & Co. LLC as financial advisors; and Epiq Bankruptcy
Solutions LLC as claims and notice agent.

Certain of Nortel's European subsidiaries also made consequential
filings for creditor protection.  The Nortel Companies related in
a press release that Nortel Networks UK Limited and certain
subsidiaries of the Nortel group incorporated in the EMEA region
have each obtained an administration order from the English High
Court of Justice under the Insolvency Act 1986.  The applications
were made by the EMEA Subsidiaries under the provisions of the
European Union's Council Regulation (EC) No. 1346/2000 on
Insolvency Proceedings and on the basis that each EMEA
Subsidiary's centre of main interests is in England.  Under the
terms of the orders, representatives of Ernst & Young LLP have
been appointed as administrators of each of the EMEA Companies and
will continue to manage the EMEA Companies and operate their
businesses under the jurisdiction of the English Court and in
accordance with the applicable provisions of the Insolvency Act.

Several entities, particularly, Nortel Government Solutions
Incorporated have material operations and are not part of the
bankruptcy proceedings.

As of September 30, 2008, Nortel Networks Corp. reported
consolidated assets of US$11.6 billion and consolidated
liabilities of US$11.8 billion.  The Nortel Companies' U.S.
businesses are primarily conducted through Nortel Networks Inc.,
which is the parent of majority of the U.S. Nortel Companies.  As
of September 30, 2008, NNI had assets of about US$9 billion and
liabilities of US$3.2 billion, which do not include NNI's
guarantee of some or all of the Nortel Companies' about
US$4.2 billion of unsecured public debt.

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


NOVA HOLDING: Posts Net Loss of $306,350 in March
-------------------------------------------------
Nova Holding Clinton County, LLC, et al., reported a net loss of
$306,350 for the month ended March 31, 2010.  Reorganization
expenses totaled $241,508 for the month.

At March 31, 2010, the Debtors had $285,014,758 in total assets
and $309,283,639 in total liabilities.

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

      http://bankrupt.com/misc/novaholding.march2010mor.pdf

The Debtors reported a net loss of $705,616 for the month ended
February 28, 2010.  Reorganization expenses totaled $492,781 for
the month.

A full-text copy of the Company's February 2010 operating report
is available for free at:

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

The Debtors reported a net loss of $394,924 for the month of
January 2010.  Reorganization expenses totaled $134,186 for the
month.

A full-text copy of the Company's January 2010 operating report is
available for free at:

      http://bankrupt.com/misc/novaholding.january2010mor.pdf

Based in Seneca, Illinois, Nova Holding Clinton County, LLC, makes
industrial organic chemicals and biological products.  Nova
Holding and certain affiliates filed for Chapter 11 protection on
March 30, 2009 (Bankr. D. Del. Lead Case No. 09-11081).  Michael
B. Schaedle, Esq., Melissa S. Vongtama, Esq., and Josef W. Mintz,
Esq., at Blank Rome LLP, in Philadelphia, represent the Debtors as
counsel.  David W. Carickhoff, Esq., at Blank Rome LLP, is
Delaware counsel to the Debtors.  The Debtors listed between
$10 million and $50 million each in assets and debts.


PCAA PARENT: Earns $5,933,946 in April
--------------------------------------
PCAA Parent, LLC, et al., reported net income of $5,933,946 on
$6,359,786 of revenue for the month ended April 30, 2010.

At April 30, 2010, the Debtors had total assets of $170,250,753,
total liabilities of $231,652,358, and members' deficit of
$61,401,605.  The Debtors ended April 2010 with $6,094,910 cash,
compared with $5,472,887 at March 31, 2010.

A full-text copy of the April 2010 monthly operating report is
available at no charge at:

       http://bankrupt.com/misc/pcaaparent.april2010mor.pdf

PCAA Parent, LLC, et al., reported a net loss of $737,767 on
$5,839,365 of revenue for the month ended March 31, 2010.

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

       http://bankrupt.com/misc/pcaaparent.march2010mor.pdf

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.

As reported in the Troubled Company Reporter on Jun 29, 2010,
the Hon. Mary W. Walrath of the U.S. Bankruptcy Court for the
District of Delaware dismissed the Chapter 11 cases of PCAA
Parent, LLC's debtor-affiliates, namely:

   -- PCAA GP, LLC;
   -- PCAA LP, LLC;
   -- PCAA SP-OK, LLC; and
   -- PCA Airports, Ltd.


PENN TRAFFIC: Posts $2.5 Million Net Loss in Month Ended May 29
---------------------------------------------------------------
On June 30, 2010, The Penn Traffic Company, et al., filed their
monthly operating report for the month ended May 29, 2010, with
the U.S. Bankruptcy Court for the District of Delaware.

For the period the Debtors reported a net loss of $2,474,000 on
revenues of $13,000.  Reorganization expense totaled $1,204,000
for the period.

At May 29, 2010, the Debtors had total assets of $91,724,000 and
total liabilities of $98,542,000, for a shareholders' deficit
of $6,818,000.

A full-text copy of the Debtors monthly operating report for the
period ended May 29, 2010, is available for free at:

               http://researcharchives.com/t/s?65c4

                       About The Penn Traffic

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

The Company's affiliates also filed separate Chapter 11 petitions
-- Sunrise Properties, Inc.; Pennway Express, Inc.; Penny Curtiss
Baking Company, Inc.; Big M Supermarkets, Inc.; Commander Foods
Inc.; P and C Food Markets, Inc. of Vermont; and P.T. Development,
LLC.

Following a bankruptcy court-sanctioned auction, Tops Markets LLC
purchased almost all of Penn Traffic's stores as a going concern
by paying $85 million cash.  The sale was structured so Penn
Traffic avoided a $72 million claim for pension plan termination
and a $27 million claim by the principal supplier.


PFF BANCORP: Posts $55,924 Net Loss in May
------------------------------------------
On June 16, 2010, PFF Bancorp, Inc. and Glencrest Investment
Advisors, Inc., Glencrest Insurance Services, Inc., Diversified
Builder Services, Inc., and PFF Real Estate Services, Inc. filed
their monthly operating reports for the period May 1, 2010,
to May 31, 2010, with the United States Bankruptcy Court for
the District of Delaware.

PFF Bancorp reported a net loss of $55,924 for the month of
May 2010.

PFF Bancorp paid a total of $18,307 in professional fees and
expenses for the month of May 2010.

At May 31, 2010, PFF Bancorp had total assets of $14,842,809,
total liabilities of $117,430,056, and total equity of
($102,587,246).

A full-text copy of the Debtors' May 2010 monthly operating
report is available for free at:

               http://researcharchives.com/t/s?65b6

                         About PFF Bancorp

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

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

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


POINT BLANK: Earns $186,652 in May
----------------------------------
Point Blank Solutions, Inc., filed on June 21, 2010, a monthly
operating report for the month ended May 31, 2010.

The Debtor reported net income of $186,652 on net sales
$10,607,881 for the period.

At May 31, 2010, the Debtors had $58,759,475 in total assets,
$65,421,600 of total liabilities, $1,229,877 of minority and non-
controlling interests in subsidiaries, $19,325,998 of contingently
redeemable common stock, and ($27,218,000) of stockholders'
equity.

The Debtors ended May 2010 with $2,880,698 in cash, compared to
$1,692,540 at the beginning of the period.  The Debtors paid a
total of $149,626 in bankruptcy-related professional fees during
the month.

A copy of the May 2010 operating report is available for free at:

        http://bankrupt.com/misc/pointblank.may2010mor.pdf

Pompano Beach, Fla.-based Point Blank Solutions, Inc.
-- http://www.pointblanksolutionsinc.com/-- designs and produces
body armor systems for the U.S. Military, Government and law
enforcement agencies, well as select international markets.  The
Company is recognized as the largest producer of soft body armor
in the U.S.  The Company maintains facilities in Pompano Beach,
Florida and Jacksboro, Tennessee.

Point Blank Solutions filed for Chapter 11 on April 14, 2010
(Bankr. D. Del. Case No. 10-11255).


R&G FINANCIAL: Files Initial Monthly Operating Report
-----------------------------------------------------
On June 2, 2010, R&G Financial Corporation filed its monthly
operating report for the period May 15, 2010, through May 31,
2010, with the Office of the United States Trustee for the
District of Puerto Rico.  This is the first monthly operating
report filed by the Company since filing its voluntary petition
under the Bankruptcy Code on May 14, 2010.  The May monthly
operating report contains financial information that has not been
audited or reviewed by independent registered accountants, is not
presented in accordance with generally accepted accounting
principles and may be subject to future reconciliation and
adjustments.

The Debtor reported a net loss of $1,309,906 for the period.

At May 31, 2010, the Debtor had $38,055,386 in total assets,
$81,974,045 of liabilities, and $335,051,546 of trust preferred
securities, and ($378,970,206) of total equity.

A full-text copy of the Debtor's initial monthly operating report
is available for free at http://researcharchives.com/t/s?65b8

San Juan, Puerto Rico-based R&G Financial Corporation filed for
Chapter 11 bankruptcy protection on May 14, 2010 (Bankr. D. P.R.
Case No. 10-04124).  Jorge I. Peirats, Esq., at Pietrantoni,
Mendez & Alvarez, assists the Company in its restructuring effort.
The Company listed $40,213,356 in assets and $420,687,694 in
debts.


REFCO INC: Refco LLC Has $5,057,000 Cash at End of April
--------------------------------------------------------
Albert Togut, the Chapter 7 Trustee overseeing the liquidation of
Refco, LLC's estate, filed with the U.S. Bankruptcy Court for the
Southern District of New York a monthly statement of cash
receipts and disbursements for the period from April 1 to 30,
2010.

The Chapter 7 Trustee reported that Refco LLC's beginning balance
in its Money Market account with Union Bank, totaled $5,056,000
as of April 1.

During the Reporting Period, Refco LLC received a total of $1,000
in interest income and other receivables.  No transfers were
made, Mr. Togut noted.

Refco LLC held $5,057,000 at the end of the period.

                         Refco, LLC
         Schedule of Cash Receipts and Disbursements
     Through Union Bank Money Market and Checking Accounts
                April 1 through April 30, 2010

Beginning Balance, April 1, 2010                      $5,056,000

RECEIPTS
Interest Income                                            1,000
Sale of Assets                                                 0
Marshalling of Excess Capital                                  0
Man Financial - Excess Capital return                          0
Membership and Clearing Deposits                               0
Other Receivables                                              0
                                                  --------------
TOTAL RECEIPTS                                            1,000

TRANSFERS
Transfer funds to Union Bank                                   0
                                                   -------------
TOTAL TRANSFERS                                               0

DISBURSEMENTS
Operating expenses & other disbursements                       0
Executory contract cure payments                               0
Pursuant to payment stipulation                                0
Purchase price escrow deposit                                  0
Expected account escrow fund                                   0
Membership & clearing deposits                                 0
Payment on account of prepetition claims                       0
Other disbursements                                            0

Reorganization Expenses
Attorney fees                                                 0
Trustee bond premium                                          0
Other professional fee                                        0
                                                   -------------
TOTAL DISBURSEMENTS                                           0
                                                   -------------
Ending Balance, February 28, 2010                     $5,057,000
                                                   =============

Refco LLC previously filed an operating report for February 2010.
However, no operating report for March 2010 has been made
available in Refco LLC's court dockets.

                         About Refco Inc.

Headquartered in New York, Refco Inc. -- http://www.refco.com/--
was a diversified financial services organization with operations
in 14 countries and an extensive global institutional and retail
client base.  Refco's worldwide subsidiaries were members of
principal U.S. and international exchanges, and were among the
most active members of futures exchanges in Chicago, New York,
London and Singapore.  Refco was also a major broker of cash
market products, including foreign exchange, foreign exchange
options, government securities, domestic and international
equities, emerging market debt, and OTC financial and commodity
products.  Refco was one of the largest global clearing firms for
derivatives.  The Company had operations in Bermuda.

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

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

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


TOUSA INC: Cash Declines to $486 Million at May 31
--------------------------------------------------
Bill Rochelle at Bloomberg News reports that Tousa Inc. ended May
with $485.9 million cash in the bank, a decline of $3.8 million in
the month.  With assets mostly sold, revenue in the month was only
$827,000.

                          About Tousa Inc.

Headquartered in Hollywood, Florida, TOUSA Inc. (Pink Sheets:
TOUS) -- http://www.tousa.com/-- fka Technical Olympic U.S.A.
Inc., dba Technical U.S.A., Inc., Engle Homes, Newmark Homes L.P.,
TOUSA Homes Inc. and Newmark Homes Corp. is a leading homebuilder
in the United States, operating in various metropolitan markets in
10 states located in four major geographic regions: Florida, the
Mid-Atlantic, Texas, and the West.

The Debtor and its debtor-affiliates filed for separate
Chapter 11 protection on January 29, 2008 (Bankr. S.D. Fla. Case
No. 08-10928).  The Debtors have selected M. Natasha Labovitz,
Esq., Brian S. Lennon, Esq., Richard M. Cieri, Esq., and Paul M.
Basta, Esq., at Kirkland & Ellis LLP; and Paul Steven Singerman,
Esq., at Berger Singerman, to represent them in their
restructuring efforts.  Lazard Freres & Co. LLC is the Debtors'
investment banker.  Ernst & Young LLP is the Debtors' independent
auditor and tax services provider.  Kurtzman Carson Consultants
LLC acts as the Debtors' Notice, Claims & Balloting Agent.

TOUSA's direct subsidiary, Beacon Hill at Mountain's Edge LLC dba
Eagle Homes, filed for Chapter 11 Protection on July 30, 2008
(Bankr. S.D. Fla. Case No. 08-20746).  It listed assets between
$1 million and $10 million, and debts between $1 million and
$10 million.


TRONOX INC: Reports May Net Income of $46.9 Million on Gain
-----------------------------------------------------------
Bill Rochelle at Bloomberg News reports that Tronox Inc. reported
net income of $46.9 million in May on sales of $55.7 million.
The profit resulted from a $40.1 million gain by reversing
provisions for environmental costs.

Tronox is trying to broker a consensual Chapter 11 plan.

                        About Tronox Inc.

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.

Bankruptcy Creditors' Service, Inc., publishes Tronox Bankruptcy
News.  The newsletter tracks the Chapter 11 proceeding undertaken
by Tronox Inc. and its 14 affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


WHITEHALL JEWELERS: Posts $560,000 Net Loss From April 4 - May 1
----------------------------------------------------------------
Whitehall Jewelers Holdings, Inc. posted a net loss of $560,000
for the filing period April 4, 2010, to May 1, 2010.

At May 1, 2010, the Debtor had total assets of $3,279,000,
total liabilities of $104,472,000, and owner's equity of
($101,193,000).

A full-text copy of Whitehall Jewelers' monthly operating report
is available for free at:

   http://bankrupt.com/misc/whitehalljewelers.apirl2010mor.pdf

Headquartered in Chicago, Illinois, Whitehall Jewelers Holdings,
Inc. -- http://www.whitehalljewellers.com/-- through its
subsidiary, Whitehall Jewelers, Inc., operates as a specialty
retailer of fine jewelry in the United States.  It offers a
selection of merchandise, including diamonds, gold, precious and
semi-precious jewelry, and watches.  As of June 23, 2008, it
operated 373 stores in regional and super-regional shopping malls
under the names Whitehall and Lundstrom.

The Company and Whitehall Jewelers, Inc., filed for Chapter 11
relief on June 23, 2008 (Bankr. D. Del. Lead Case No. 08-11261).
Scott Rutsky, Esq., Peter Antoszyk, Esq., Adam T. Berkowitz, Esq.,
and Jesse I. Redlener, Esq., at Proskauer Rose LLP, represent the
Debtors as bankruptcy counsel.  James E. O'Neill, Esq., and Laura
Davis Jones, Esq., at Pachulski, Stang Ziehl & Jones, LLP,
represent the Debtors as Delaware counsel.  Epiq Bankruptcy
Solutions LLC is the claims, noticing and balloting agent.

In its schedules, Whitehall Jewelers, Inc., listed total assets of
$246,571,775 and total debts of $173,694,918.



                           *********

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
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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
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available at your local bookstore or through Amazon.com.  Go to
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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
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Copyright 2010.  All rights reserved.  ISSN: 1520-9474.

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