TCR_Public/101002.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, October 2, 2010, Vol. 14, No. 273

                            Headlines

ACCENTIA BIOPHARMA: Files August 2010 Monthly Operating Report
BANKUNITED FINANCIAL: Posts $327,900 Net Loss in August
BIOVEST INTERNATIONAL: Files August 2010 Monthly Operating Report
CATHOLIC CHURCH: Delaware Has $1,188,791 Cash at July 31
CHEMTURA CORP: Reports $7,000,000 Net Loss for August

COLONIAL BANCGROUP: Ends August 2010 With $37 Million Cash
CMR MORTGAGE: Posts $385,300 Net Loss in August
FAIRPOINT COMMS: Has $103,755,835 Cash at End of August
FIRSTFED FINANCIAL: Posts $179,000 Net Loss in August
GOTTSCHALKS INC: Has $9.8 Million Cash at August 28

GUARANTY FINANCIAL: Posts $98,600 Net Loss in August
LTV CORP: Ends August 2010 With $8.1 Million Cash
MAGIC BRANDS: Posts $2.3MM Net Loss in May 24 - June 27 Period
MAJESTIC STAR: Posts $3.0 Million Net Loss in July
NEFF CORP: Ends August 2010 With $814,000 Cash

NEWPOWER HOLDINGS: Ends July With $429,000 Cash
NORTH AMERICAN PETROLEUM: Posts $2.4 Million Net Loss in August
PFF BANCORP: Posts $199,600 Net Loss in August
PRECISION PARTS: Posts $130,600 Net Loss in July
PRECISION PARTS: Posts $145,138 Net Loss in June

SAINT VINCENTS: Reports Net Income of $52.9 Million in July
SHARPER IMAGE: Earns $3.2 Million in August
SUMNER REGIONAL: Posts $3.5 Million Net Loss in July
SUMNER REGIONAL: Posts $12.4 Million Net Loss in August
THORNBURG MORTGAGE: Ends August 2010 With $115 Million Cash

TOUSA INC: Cash Slips to $473.5 Million in August
TRONOX INC: Posts $1,200,000 Net Income in August

                            *********

ACCENTIA BIOPHARMA: Files August 2010 Monthly Operating Report
--------------------------------------------------------------
On September 21, 2010, Accentia BioPharmaceuticals, Inc., and
certain of its affiliates filed their unaudited combined monthly
operating report for August 2010 with the United States Bankruptcy
Court for the Middle District of Florida, Tampa Division.

Their schedule of receipts and disbursements for August 2010
showed:

    Funds at beginning of period             $293,805
    Total Receipts                            $82,480
    Total Funds Available for Operations     $376,285
    Total Disbursements                      $249,576
    Funds at August 31, 2010                 $126,708

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

               http://researcharchives.com/t/s?6bac

Headquartered in Tampa, Florida, Accentia Biopharmaceuticals Inc.
(OTCQB: ABPIQ) -- http://www.accentia.net/-- is a biotechnology
company that is developing Revimmune(TM) as a comprehensive system
of care for the treatment of multiple sclerosis and other human
autoimmune diseases and, through its majority-owned subsidiary,
Biovest International, Inc., BiovaxID(R) as a therapeutic cancer
vaccine for treatment of follicular non-Hodgkin's lymphoma and
mantle cell lymphoma.  Through its wholly owned subsidiary,
Analytica International, Inc., the Company conducts a health
economics research and consulting business that provides
professional services to the pharmaceutical and biotechnology
industries.

Accentia Biopharmaceuticals and nine affiliates filed for Chapter
11 bankruptcy 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 totaled $134,919,728 while debts totaled
$77,627,355 as of June 30, 2008.

The Company filed its Joint Plan of Reorganization on May 28,
2010, and its Joint Disclosure Statement on July 12, 2010.  On
August 9, 2010, the Bankruptcy Court held a hearing on the Joint
Disclosure Statement and scheduled a confirmation hearing on the
Joint Plan for September 22, 2010.

Accentia Biopharmaceuticals has a 75% interest in Biovest
International.  Biovest, along with its subsidiaries, Biovax,
Inc., AutovaxID, Inc., Biolender, LLC, and Biolender II, LLC,
filed for Chapter 11 bankruptcy protection on November 10, 2008
(Bankr. M.D. Fla. Case No. 08-17796).


BANKUNITED FINANCIAL: Posts $327,900 Net Loss in August
-------------------------------------------------------
On September 21, 2010, BankUnited Financial Corporation, together
with its subsidiaries BankUnited Financial Services, Inc., and CRE
America Corporation, filed its monthly operating report for
August 2010 with the United States Bankruptcy Court for the
Southern District of Florida.

Funds at August 31, 2010, were $13.6 million, compared to funds of
$13.9 million at July 31, 2010.

BankUnited Financial Corporation, et al., reported a net loss of
$327,881 for the period.  At August 31, 2010, BankUnited Financial
Corporation, et al., had $38.4 million in total assets,
$576.8 million in total liabilities, and a stockholders' deficit
of $538.4 million.

The August 2010 monthly operating report is available at no charge
at http://researcharchives.com/t/s?6bd7

                    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. disclosed
$37,729,520 in assets against $559,740,185 in debts.

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 million and $118.171 million on account of senior notes.


BIOVEST INTERNATIONAL: Files August 2010 Monthly Operating Report
-----------------------------------------------------------------
Biovest International Inc., along with its subsidiaries, Biovax,
Inc., AutovaxID, Inc., Biolender, LLC, and Biolender II, LLC,
filed with the U.S. Bankruptcy Court for the Middle District of
Florida, Tampa Division, on September 21, 2010, their unaudited
combined monthly operating report for August 2010.

Their schedule of receipts and disbursements for August 2010
showed:

  Funds at beginning of period             $261,550
  Total Receipts                           $514,772
  Total Funds Available for Operations     $776,323
  Total Disbursements                      $532,238
  Funds at July 31, 2010                   $244,085

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

               http://researcharchives.com/t/s?6bad

                    About Biovest International

Based in Tampa, Florida, Biovest International Inc. (OTCQB:
BVTI) -- http://www.biovest.com/-- is an emerging leader in the
field of active personalized immunotherapies targeting life-
threatening cancers of the blood system.  Developed in
collaboration with the National Cancer Institute, BiovaxID(R) is a
patient-specific, cancer vaccine, demonstrating statistically
significant Phase III clinical benefit by prolonging disease-free
survival in vaccinated patients suffering from indolent follicular
non-Hodgkin's lymphoma, confirming a previous positive Phase II
study.

As of June 30, 2010, Biovest is 75% owned subsidiary of Accentia
Biopharmaceuticals Inc.

Biovest, along with its subsidiaries, Biovax, Inc., AutovaxID,
Inc., Biolender, LLC, and Biolender II, LLC, filed for Chapter 11
bankruptcy protection on November 10, 2008 (Bankr. M.D. Fla. Case
No. 08-17796).

Biovest filed its Joint Plan of Reorganization on May 14, 2010,
and its Joint Disclosure Statement on July 2, 2010.  On August 9,
2010, the Bankruptcy Court held a hearing on the Joint Disclosure
Statement and scheduled a confirmation hearing on the Joint Plan
for September 22, 2010.

Parent Accentia and nine of Accentia's affiliates filed for
Chapter 11 bankruptcy 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
Accentia Debtors said assets totaled $134,919,728 while debts
totaled $77,627,355 as of June 30, 2008.


CATHOLIC CHURCH: Delaware Has $1,188,791 Cash at July 31
--------------------------------------------------------

             Catholic Diocese of Wilmington, Inc.
                         Balance Sheet
                      As of July 31, 2010

ASSETS
  Cash & Equivalents                                 $1,188,791
  Accounts Receivable (Net)                           1,835,540
  Payroll Receivable                                          -
  Notes Receivable                                    1,461,905
  Professional Retainers                                545,000
  Unrestricted Pooled Investments                    14,113,598
  Restricted Pooled Investments                      29,372,913
  Unallocated Audit Fees                                      -
  Other Assets                                           53,743
  Real Estate                                         1,106,640
  Assets Held for Others                             78,933,158
                                                    -----------
     TOTAL ASSETS                                  $128,611,288
                                                    ===========

LIABILITIES
  Pre-Filing Accounts Payable                          $136,216
  Payroll & Payroll Taxes Payable                             -
  Payroll Garnishments Payable                                -
  Accrued Vacation Time Payable                         148,013
  Blue Cross/Blue Shield Accrual                         39,293
  Accounts Payable Capital Campaign                      13,872
  Bonds Payable                                      11,000,000
  Priest Pension                                     13,107,216
  Lay Pensions                                       64,366,743
  National Collections                                  298,891
  Other Liabilities                                      35,196
  Assets Held for Others                             78,933,158
                                                    -----------
     TOTAL LIABILITIES                              168,078,598

NET ASSETS
  Beginning Year Net Assets                         (41,816,364)
  Net Assets - Prepetition                            4,138,712
  Net Assets - Postpetition                          (1,789,658)
                                                    -----------
TOTAL NET ASSETS                                    (39,467,310)
                                                    -----------
TOTAL LIABILITIES & NET ASSETS                     $128,611,288
                                                    ===========

             Catholic Diocese of Wilmington, Inc.
                    Statement of Operations
              For the month ending July 31, 2010

CDOW Operations
  CDOW Revenue
     Assessments                                       $390,210
     Investment Income                                2,086,848
     Operational Income                                 188,313
     Designated Income (Education)                        3,590
                                                    -----------
  Total CDOW Revenue                                  2,668,961

  CDOW Expenses
     Payroll & Taxes                                   (217,325)
     Medical Payments                                         -
     Other Compensation                                 (27,263)
     Other Operational                                 (319,932)
     Capital Expenditures                                     -
     Catholic Schools, Inc.                                   -
     Casa San Francisco                                       -
     Ministry to the Elderly                                  -
     Bankruptcy professionals                          (100,390)
     Neumann Center                                           -
     Vision for the Future (Tuition Assistance)               -
     Owed to Parishes (Cap Campaign)                       (237)
                                                    -----------
  Total CDOW Expenses                                  (665,147)
                                                    -----------
CDOW NET OPERATING CASH                               2,003,814

  Program Services
     Annual Appeal Revenue                              492,139
     Program Services Expenditures
        Catholic Youth Organization                      (8,983)
        Catholic Charities                              (85,858)
        High School Appeal Allocation                         -
        The Dialog                                      (50,297)
                                                    -----------
     Total Program Services Expenses                   (145,138)
                                                    -----------
  PROGRAM SERVICES NET CASH                             347,001

Benefits & Insurance Program Administration
  Medical Program
     Premiums Received                                  721,426
     Expenses                                        (1,024,202)
                                                    -----------
     Net Medical                                       (302,776)

  Workers Compensation
     Premiums Received                                        -
     Expenses                                           (78,630)
                                                    -----------
     Net Workers Comp                                   (78,630)

  Property & Liability Insurance
     Premiums Received                                   17,397
     Expenses                                                 -
                                                    -----------
     Net P&L Insurance                                   17,397

  Pensions
     Priests                                            (50,350)
     Lay Employees                                            -
                                                    -----------
     Total Pensions                                     (50,350)
                                                    -----------
NET CHANGE IN LIQUIDITY                              $1,936,456
                                                    ===========

             Catholic Diocese of Wilmington, Inc.
          Schedule of Cash Receipts and Disbursements
              For the month ending July 31, 2010

CASH BEGINNING OF PERIOD                             $1,280,643

RECEIPTS
  ASSESSMENTS                                           390,210
  ANNUAL APPEAL                                         492,139
  INSURANCE PREMIUMS                                    738,823
  OTHER OPERATING                                       191,903
                                                    -----------
  TOTAL RECEIPTS                                      1,813,075

DISBURSEMENTS
  NET PAYROLL AND TAXES                                 217,325
  INSURANCE PAYMENTS                                  1,102,839
  OPERATING EXPENSES                                    347,432
  OTHER                                                 145,138
  PROFESSIONAL FEES                                      87,390
  U.S. TRUSTEE QUARTERLY FEES                            13,000
  COURT COSTS                                                 -
                                                    -----------
TOTAL DISBURSEMENTS                                   1,913,124
                                                    -----------
NET CASH FLOW                                          (100,049)
                                                    -----------
Transfers out
Transfers in                                                  -
                                                    -----------
CASH - END OF PERIOD                                 $1,180,594
                                                    ===========

                  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).


CHEMTURA CORP: Reports $7,000,000 Net Loss for August
-----------------------------------------------------

                  Chemtura Corporation, Et Al.
         Condensed Combined Balance Sheets (Unaudited)
                      As of August 31, 2010

                             Assets

Current Assets                                    $778,000,000
Restricted cash                                    758,000,000
Intercompany receivables                           487,000,000
Investment in subsidiaries                       1,803,000,000
Property, plant and equipment                      440,000,000
Goodwill                                           161,000,000
Other assets                                       394,000,000
                                                 --------------
Total assets                                    $4,821,000,000
                                                 ==============

              Liabilities and Stockholders' Equity

Current liabilities                               $474,000,000
Intercompany payables                               26,000,000
Other long-term liabilities                        858,000,000
                                                 --------------
Total liabilities
not subject to compromise                        1,358,000,000

Liabilities subject to compromise                3,551,000,000

Total stockholders' equity(deficit)                (88,000,000)
                                                 --------------
Total liabilities and stockholders' equity      $4,821,000,000
                                                 ==============

                 Chemtura Corporation, et al.
     Condensed Combined Statement of Operations (Unaudited)
            For the Period from August 1 to 31, 2010

Net sales                                         $195,000,000

Cost of goods sold                                 163,000,000
Selling, general and
administrative expenses                             19,000,000
Depreciation and amortization                       10,000,000
Research and development                             2,000,000
Gain on sale of businesses                           7,000,000
Changes in estimates re expected claims              1,000,000
                                                 --------------
Operating profit (loss)                             (7,000,000)

Interest expense                                   (11,000,000)
Other income (expense)                               2,000,000
Reorganization items, net                           (7,000,000)
Equity in net earnings (loss)                        3,000,000
   of subsidiaries
                                                 --------------
Earnings(loss) before income taxes                 (20,000,000)
Income tax benefit                                  13,000,000
                                                 --------------
Net loss                                           ($7,000,000)
                                                 ==============

                  Chemtura Corporation, et al.
      Condensed Combined Statement of Cash Flows (Unaudited)
            For the Period from August 1 to 31, 2010

Cash Flows from Operating Activities:
Net income (loss)                                  ($7,000,000)
Adjustments to reconcile
net loss to net cash used
in operating activities:
Gain on sale of businesses                           1,000,000
Depreciation and amortization                       10,000,000
Stock-based compensation expense                     1,000,000
Reorganization items, net                           (1,000,000)
Changes in estimates related to allow. claims        7,000,000
Contractual postpetition interest expense            7,000,000
Changes in assets and debts, net                    11,000,000
                                                 --------------
Net cash provided in operating activities           29,000,000
                                                 --------------

Cash flows from Investing Activities:
Capital expenditures                                (4,000,000)
                                                 --------------
Net cash used in investing activities               (4,000,000)

Cash flows from financing activities:
Proceeds from senior notes                         452,000,000
Proceeds from term loan                            292,000,000
Restricted cash from exit financing               (758,000,000)
Payments for debt issuance and refinancing         (15,000,000)
                                                 --------------
Net cash used in financing activities               (29,000,000)

Cash and Cash Equivalents:
Change in cash and cash equivalents                 (4,000,000)
Cash and cash equivalents, beginning                79,000,000
                                                 --------------
Cash and cash equivalents, end of period            $70,000,000
                                                 ==============

                     About Chemtura Corp.

Based in Middlebury, Connecticut, Chemtura Corporation (CEM) --
http://www.chemtura.com/-- with 2008 sales of $3.5 billion, is a
global manufacturer and marketer of specialty chemicals, crop
protection products, and pool, spa and home care products.
Chemtura Corporation and 26 of its U.S. affiliates filed voluntary
petitions for relief under Chapter 11 on March 18, 2009 (Bankr.
S.D.N.Y. Case No. 09-11233).  M. Natasha Labovitz, Esq., at
Kirkland & Ellis LLP, in New York, serves as bankruptcy counsel.
Wolfblock LLP serves as the Debtors' special counsel.  The
Debtors' auditors and accountant are KPMG LLP; their investment
bankers are Lazard Freres & Co.; their strategic communications
advisors are Joele Frank, Wilkinson Brimmer Katcher; their
business advisors are Alvarez & Marsal LLC and Ray Dombrowski
serves as their chief restructuring officer; and their claims and
noticing agent is Kurtzman Carson Consultants LLC. As of

December 31, 2008, the Debtors had total assets of $3.06 billion
and total debts of $1.02 billion.  Bankruptcy Creditors' Service,
Inc., publishes Chemtura Bankruptcy News.  The newsletter tracks
the Chapter 11 proceedings undertaken by Chemtura Corp. and its
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


COLONIAL BANCGROUP: Ends August 2010 With $37 Million Cash
----------------------------------------------------------
On September 20, 2010, The Colonial BancGroup, Inc., filed its
monthly operating report for August 2010 with the U.S. Bankruptcy
Court for the Middle District of Alabama, Northern Division.

The Company ended August 2010 with $37.0 million cash, of which
$492,229 is currently available to the Company.  On August 14,
2009, the FDIC placed a hold on all cash deposits of Colonial
BancGroup.  The Colonial BancGroup is unable to access its cash
deposits (except for those amounts released per bankruptcy court
order).

At August 31, 2010, the Company had total assets of $42.0 million,
total liabilities of $365.6 million, and a stockholders' deficit
of $323.6 million.

Cash profit for the month was $47,737 on total income of
$71 and total expenses of $47,808.

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

               http://researcharchives.com/t/s?6ba2

                    About The Colonial BancGroup

Headquartered in Montgomery, Alabama, The Colonial BancGroup,
Inc., (NYSE: CNB) was holding company to Colonial Bank, N.A, its
banking subsidiary.  Colonial bank -- http://www.colonialbank.com/
-- operated 354 branches in Florida, Alabama, Georgia, Nevada and
Texas with over $26 billion in assets.  On August 14, 2009,
Colonial Bank was seized by regulators and the Federal Deposit
Insurance Corporation was named receiver.  The FDIC sold most of
the assets to Branch Banking and Trust, Winston-Salem, North
Carolina.  BB&T acquired $22 billion in assets and assumed
$20 billion in deposits of the Bank.

The Colonial BancGroup filed for Chapter 11 bankruptcy protection
on August 25, 2009 (Bankr. M.D. Ala. Case No. 09-32303).  W. Clark
Watson, Esq., at Balch & Bingham LLP, and Rufus T. Dorsey IV,
Esq., at Parker Hudson Rainer & Dobbs LLP, assist the Debtor in
its restructuring effort.  In its schedules, the Debtor disclosed
$45 million in total assets and $380 million in total liabilities
as of the Petition Date.


CMR MORTGAGE: Posts $385,300 Net Loss in August
-----------------------------------------------
CMR Mortgage Fund II, LLC, filed with the U.S. Bankruptcy Court
for the Northern District of California on September 20, 2010, its
monthly operating report for August 2010.

The Company reported a net loss of $385,346 on total revenues of
$10,821 for the month of August 2010.

At August 31, 2010, the Debtor had total assets of $58.1 million,
total liabilities of $38.4 million, and total equity of
$19.8 million.

A full-text copy of the Debtor's operating report for August 2010
is available for free at http://researcharchives.com/t/s?6b9e

                    About CMR Mortgage Fund II

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

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


FAIRPOINT COMMS: Has $103,755,835 Cash at End of August
-------------------------------------------------------

       FairPoint Communications, Inc., and Subsidiaries
         Schedule of Cash Receipts and Disbursements
              For the Period August 1 - 31, 2010

Cash Beginning of the Month                         $111,361,790

Receipts:
Cash                                                  95,953,012
Intra-debtor transfers                               321,770,987
                                                  --------------
Total Receipts                                       417,724,000

Disbursements:
Employee Expenses                                    (33,371,517)
Restructuring                                         (5,182,755)
Operating Taxes                                      (13,011,644)
Marketing Expenses                                    (1,023,025)
Insurance                                               (199,882)
Other Expenses                                       (36,976,707)
Cure Payments on Assumed Contracts                             -
DIP Interest Expense/Fees                                (92,130)
Capital Expenditures                                 (13,701,305)
Intra-debtor transfers                              (321,770,987)
                                                  --------------
Total Disbursements                                 (425,329,955)
                                                  --------------
Net Cash Flow                                         (7,605,954)
                                                  --------------
Cash - End of the month                             $103,755,835
                                                  ==============

The Debtors made payments, aggregating $9,354,157, to their
professionals for August 2010, a schedule of which is available
for free at http://bankrupt.com/misc/FairPt_ProfFees_Aug2010.pdf

The Debtors' August 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 August 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 protection 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.

Andrews Kurth is counsel to the Official Committee of Unsecured
Creditors.  Altman Vilandrie is the operational consultant to the
Creditors' Committee.  Verrill Dana is the Creditors' Committee's
special regulatory counsel.  Jeffries serves as the Creditors'
Committee's financial advisor.

(FairPoint Bankruptcy News; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


FIRSTFED FINANCIAL: Posts $179,000 Net Loss in August
-----------------------------------------------------
FirstFed Financial Corp. filed on September 15, 2010, a monthly
operating report for the month of August 2010 with the U.S.
Bankruptcy Court for the Central District of California, Los
Angeles Division.  The report is unaudited and is not presented in
accordance with generally accepted accounting principles in the
United States.

The Company reported a net loss of $178,969 for the period.

At August 31, 2010, the Company had $4.5 million in total assets,
$159.9 million in total liabilities, and a stockholders' deficit
of $155.4 million.  The Company ended the period with
$4.3 million cash.

A full-text copy of the August 2010 operating report is available
for free at http://researcharchives.com/t/s?6b9f

                     About FirstFed Financial

Irvine, Calif.-based FirstFed Financial Corp. is the bank
holding company for First Federal Bank of California and its
subsidiaries.  The Bank was closed by federal regulators on
December 18, 2009.

FirstFed Financial Corp. filed for Chapter 11 protection on
Jan. 6, 2010 (Bankr. C.D. Calif. Case No. 10-10150).  Jon L.
Dalberg, Esq., at Landau Gottfried & Berger LLP, represents the
Debtor in its restructuring efforts.  In its petition, the Debtor
listed assets of between $1 million and $10 million, and debts of
between $100 million and $500 million.


GOTTSCHALKS INC: Has $9.8 Million Cash at August 28
---------------------------------------------------
On September 16, 2010, Gottschalks Inc. filed with the U.S.
Bankruptcy Court for the District of Delaware its monthly
operating report for August 1 to August 28, 2010.

The Debtor ended the period with $9.8 million cash.  During the
period, the Debtor paid a total of $241,420 in professional fees
and reimbursed a total of $21,626 in professional expenses.

The Company reported a net loss of $1.2 million for the period.

At August 28, 2010, the Company had $24.1 million in total assets,
$75.1 million in total liabilities, and a stockholders' deficit of
$51.0 million.

The August 2010 operating report is available for free at:

               http://researcharchives.com/t/s?6b98

                     About Gottschalks Inc.

Headquartered in Fresno, California, Gottschalks Inc. (Pink
Sheets: GOTTQ.PK) -- http://www.gottschalks.com/-- was a
department and specialty store chain in United States that
operated 58 full-line department stores and 3 specialty stories
in 6 western states.

The Company filed for Chapter 11 protection on January 14, 2009
(Bankr. D. Del. Case No. 09-10157).  Stephen H. Warren, Esq.,
Karen Rinehart, Esq., Alexandra B. Redwine, Esq., and Ana Acevedo,
Esq., at O'Melveny & Myers LLP, represents the Debtor as counsel.
Mark D. Collins, Esq., Michael J. Merchant, Esq., and Lee E.
Kaufman, Esq., at Richards, Layton & Finger, P.A., serve as the
Debtors' co-counsel.  The Debtor selected Kurtzman Carson
Consultants LLC as its claims agent.  When the Debtor filed for
protection from its creditors, it disclosed $288,438,000 in
total assets and $197,072,000 in total debts.


GUARANTY FINANCIAL: Posts $98,600 Net Loss in August
----------------------------------------------------
On September 16, 2010, Guaranty Financial Group Inc. and each of
its wholly owned subsidiaries, Guaranty Group Ventures Inc.,
Guaranty Holdings Inc., and Guaranty Group Capital Inc. filed
their unaudited monthly operating reports for August 2010 with the
United States Bankruptcy Court for the Northern District of Texas,
Dallas Division.

Guaranty Financial Group reported a net loss of $98,612 for the
month of August 2010.  The Debtor incurred a total of $98,187 in
professional fees for the month.

At August 31, 2010, Guaranty Financial Group had $12.2 million in
total assets, $329.0 million in total liabilities, and
a stockholders' deficit of $316.8 million.

Guaranty Financial had unrestricted cash of $10.24 million and
restricted cash of $735,431 at August 31, 2010, for total cash of
$10.97 million, compared to total cash of $11.05 million at
July 31, 2010.

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

              http://researcharchives.com/t/s?6b9a

Guaranty Group Ventures reported net income of $641 for the month
of August 2010.

At August 31, 2010, Guaranty Group Ventures had $12.2 million in
total assets, $371,185 in total liabilities, and stockholders'
equity of $11.8 million.  Guaranty Group Ventures ended the month
with $6.3 million in cash.

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

               http://researcharchives.com/t/s?6b9b

At August 31, 2010, Guaranty Holdings had $7,170 in total assets
and $7,170 in total equity.

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

               http://researcharchives.com/t/s?6b9c

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

At August 31, 2010, Guaranty Group Capital had $4.2 million in
total assets and $4.2 million in total equity.

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

               http://researcharchives.com/t/s?6b9d

                     About Guaranty Financial

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

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


LTV CORP: Ends August 2010 With $8.1 Million Cash
-------------------------------------------------
On September 20, 2010, The LTV Corporation, et al., submitted to
the United States Bankruptcy Court for the Northern District of
Ohio, Eastern Division, their operating report for the period
ended August 31, 2010.

LTV ended the period with a $8.1 million cash balance.  LTV
reported $31,000 in receipts and $127,000 in disbursements in
August, including $98,000 paid to Chapter 11 professionals.
Beginning cash was $8.2 million.

A full-text copy of the Debtors' August 2010 operating report is
available at no charge at http://researcharchives.com/t/s?6ba1

                    About The LTV Corporation

Headquartered in Cleveland, Ohio, The LTV Corp. operates as a
domestic integrated steel producer.  The Company along with 48
subsidiaries filed for Chapter 11 protection on December 29, 2000
(Bankr. N.D. Ohio, Case No. 00-43866).  On August 31, 2001, the
Company disclosed $4,853,100,000 in total assets and
$4,823,200,000 in total liabilities.

By order dated February 28, 2002, the Court approved the sale of
substantially all of the Debtors' integrated steel assets to WLR
Acquisition Corp. n/k/a International Steel Group, Inc., for a
purchase price of approximately $80 million, plus the assumption
of certain environmental and other obligations.  ISG also
purchased inventories which were located at the integrated steel
facilities for approximately $52 million.  The sale of the
Debtors' integrated steel assets to ISG closed in April 2002, and
a second closing related to the purchase of the inventory occurred
in May 2002.

On December 31, 2002, substantially all of the assets of the Pipe
and Conduit Business, consisting of LTV Tubular Company, a
division of LTV Steel Company, Inc., and Georgia Tubing
Corporation, were sold to Maverick Tube Corporation for cash of
approximately $120 million plus the assumption of certain
environmental and other obligations.  On October 16, 2002, the
Debtors announced that they intended to reorganize the Copperweld
Business as a stand-alone business.  The LTV Corporation no longer
exercised any control over the business or affairs of the
Copperweld Business.  A separate plan of reorganization was
developed for the Copperweld Business.  On August 5, 2003, the
Copperweld Business filed a disclosure statement for the Joint
Plan of Reorganization of Copperweld Corporation and certain of
its debtor affiliates.  On October 8, 2003, the Court approved the
Second Amended Disclosure Statement.  On November 17, 2003, the
Court confirmed the Second Amended Joint Plan, as modified, and on
December 17, 2003, the Effective Date occurred and the common
stock was canceled.  Because The LTV Corporation received no
distributions under the Second Amended Plan, its equity in the
Copperweld Business is worthless and has been canceled.

In November 2002, the Debtors paid the DIP Lenders the remaining
balance due for outstanding loans and in December 2002, the
remaining letters of credit were canceled or cash collateralized.
Consequently, the Debtors have no remaining obligation to the DIP
Lenders.  Pursuant to an order of the Court entered on
February 11, 2003, LTV Steel has continued the orderly liquidation
and wind down of its businesses.

On October 8, 2003, the Court entered an Order substantively
consolidating the Chapter 11 estates of LTV Steel and Georgia
Tubing Corporation for all purposes.

In November and December 2003, approximately $91.9 million was
distributed by LTV Steel to other Debtors pursuant to the
Intercompany Settlement Agreement that was approved by the Court
on November 17, 2003.  On December 23, 2003, the Court entered an
Order authorizing LTV Steel and Georgia Tubing to make
distributions to their administrative creditors and, after the
final distribution, to dismiss their Chapter 11 cases and
dissolve.

On March 31, 2005, the Court entered an order that among other
things: (a) approved a distribution and dismissal plan for LTV and
certain other debtors; (b) authorized The LTV Corporation and LTV
Steel to take any and all actions that are necessary or
appropriate to implement the distribution and dismissal plan;
(c) established March 31, 2005, as the record date for identifying
shareholders of LTV that are entitled to any and all shareholder
rights with respect to the distribution and dismissal plan and the
eventual dissolution of LTV; and (d) authorized The LTV
Corporation to establish and fund a reserve account for the
conduct of post-dismissal activities and the payment of post-
dismissal claims.

LTV is in the process of liquidating, and its stock is worthless.

On March 28, 2007, the Official Committee of Administrative
Claimants filed a motion with the Court requesting an order to
approve the appointment of a Chapter 11 trustee.  On April 11,
2007, April 12, 2007, and May 1, 2007, certain of the Defendants
filed motions to convert the case to Chapter 7.  On June 28, 2007,
the ACC filed a motion to withdraw the Chapter 11 Trustee Motion;
the Court granted the ACC's withdrawal motion on August 1, 2007.
An evidentiary hearing on the Chapter 7 Trustee Motion was held in
August 2007.  The Court has not yet issued its order.


MAGIC BRANDS: Posts $2.3MM Net Loss in May 24 - June 27 Period
--------------------------------------------------------------
Deel, LLC, et al. (f/k/a Magic Brands, LLC, a/k/a Fuddruckers,
Inc.) filed on August 30, 2010, its monthly operating report for
the 5-weeks ending June 27, 2010.

The Debtors reported a net loss of $2.3 million on $10.3 million
of revenue for the period.

At June 27, 2010, the Company had $52.5 million in total assets,
$58.7 million in total liabilities, and a stockholders' deficit of
$6.2 million.

The Company ended the period with $1.4 million cash, from
beginning cash of $315,381.

A copy of the monthly operating report for the period ended
June 27, 2010, is available for free at:

      http://bankrupt.com/misc/magicbrands.june272010mor.pdf

Headquartered in Austin, Texas, Magic Brands, LLC --
http://www.fuddruckers.com/-- operated 62 Fuddruckers locations
in 11 states and 3 Koo Koo Roo restaurants in California.

Magic Brands, LLC, and its operating units filed for Chapter 11
protection on April 21, 2010 (Bankr. D. Del. Lead Case No. 10-
11310).  It estimated assets of up to $10 million and debts at
$10 million to $50 million in its Chapter 11 petition.  Affiliate
Fuddruckers, Inc., also filed, estimating assets and debts at
$50 million to $100 million.

FocalPoint Securities, LLC, serves as investment banker to Magic
Brands, and Goulston & Storrs serves as lead bankruptcy counsel.
Kurtzman Carson Consultants, LLC, is the claims and notice agent.

In July 2010, Magic Brands closed the sale of the Fuddruckers
stores and franchise business to restaurant operator Luby's Inc.
for $63.5 million.  The Company changed its name to Deel, LLC
following the completion of the sale.


MAJESTIC STAR: Posts $3.0 Million Net Loss in July
--------------------------------------------------
The Majestic Star Casino, LLC, filed on September 3, 2010, a
monthly operating report for July 2010.

The Company reported a net loss of $3.0 million on net revenues of
$8.4 million in July.

At July 31, 2010, the Company had $291.3 million in total assets,
$786.1 million in total liabilities, and a member's deficit of
$494.8 million.

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

      http://bankrupt.com/misc/majesticstar.july2010mor.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 (Bankr. D.
Del. Case No. 09-14136) on November 23, 2009.

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'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
estimated up to $500 million in assets and up to $1 billion in
debts.


NEFF CORP: Ends August 2010 With $814,000 Cash
----------------------------------------------
Neff Corp., et al., filed on September 17, 2010, their monthly
operating for the period August 1, 2010, through August 31, 2010.

The Debtors ended the period with $814,015 cash, from beginning
cash of $716,589.

A copy of the August 2010 monthly operating report is available
for free at http://bankrupt.com/misc/neffcorp.august2010mor.pdf

                         About Neff Corp.

Privately held Neff Corp., doing business as Neff Rental, provides
construction companies, golf course developers, industrial plants,
the oil industry, and governments with reliable and quality
equipment that is delivered on time where it is needed.  With more
than 1,000 employees operating from branches coast to coast, Neff
Rental is ranked by Rental Equipment Register (RER) magazine as
one of the nation's 10 largest  equipment rental companies.

Neff Corp. and its units, including Neff Rental Inc. filed for
Chapter 11 on May 17, 2010 (Bankr. S.D.N.Y. Case No. 10-12610).

Based in Miami, Neff had assets of $299 million and debt of
$609 million as of the Petition Date, according to the disclosure
statement explaining the plan.  Funded debt totals $580 million.
Revenue in 2009 was $192 million.

Neff selected an affiliate of Wayzata Investment Partners as the
successful bidder to sponsor its reorganization plan.  The Plan
provides (i) cash recoveries available to second lien lenders of
$73 million, (ii) payment in full in cash or right to participate
in a rights offering for up to $181.6 million for first lien
lenders.  As reported in the TCR on September 22, 2010, Neff
Rental and certain of its affiliates disclosed that the U.S.
Bankruptcy Court for the Southern District of New York confirmed
Neff's Chapter 11 plan, which is sponsored by private investment
funds managed by Wayzata Investment Partners.


NEWPOWER HOLDINGS: Ends July With $429,000 Cash
-----------------------------------------------
NewPower Holdings, Inc., filed its monthly operating report for
the period June 30, 2010, to July 31, 2010, with the Bankruptcy
Court on September 14, 2010.

The Debtor had an opening cash balance of $422,000 and an ending
cash balance of $429,000.

A full-text copy of the Debtor's July 2010 operating report
is available for free at http://researcharchives.com/t/s?6b97

                     About NewPower Holdings

NewPower Holdings, Inc. (Pink Sheets: NWPWQ) and its debtor-
affiliates filed for Chapter 11 protection on June 11, 2002
(Bankr. N.D. Ga. 02-10836).  Paul K. Ferdinands, Esq., at King &
Spalding, and William M. Goldman, Esq., at Sidley Austin Brown &
Wood LLP, represent the Debtors as counsel.  When the Debtors
filed for protection from their creditors, they reported
$231,837,000 in assets and $87,936,000 in debts.

On August 15, 2003, the U.S. Bankruptcy Court for the Northern
District of Georgia, Newnan Division, confirmed the Second Amended
Chapter 11 Plan with respect to NewPower Holdings, Inc., and TNPC
Holdings, Inc., a wholly owned subsidiary of the Company.  That
Plan became effective on October 9, 2003, with respect to the
company and TNPC.

On February 28, 2003, the Bankruptcy Court confirmed The New
Power Company's Plan, and that Plan has been effective as of
March 11, 2003, with respect to New Power.  The New Power Company
is a wholly owned subsidiary of the company.


NORTH AMERICAN PETROLEUM: Posts $2.4 Million Net Loss in August
---------------------------------------------------------------
North American Petroleum Corp. USA filed on September 16, 2010,
2010, a monthly operating report for August 2010.

The Debtor reported a net loss of $2.4 million on net revenue of
$2.6 million for the period.  At August 31, 2010, the Debtor had
$143.7 million in total assets, $130.5 million in total
liabilities, and $13.2 million in net owner equity.

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

http://bankrupt.com/misc/northamericanpetroleum.august2010mor.pdf

            About North American Petroleum Corp. USA

Denver, Colorado-based North American Petroleum Corp. USA is a
natural gas driller.  North American Petroleum and Prize Petroleum
are subsidiaries of Petroflow Energy Corporation.

North American Petroleum filed for Chapter 11 bankruptcy
protection on May 25, 2010 (Bankr. D. Del. Case No. 10-11707).
Attorneys at Kirkland & Ellis LLP serve as bankruptcy counsel.
Domenic E. Pacitti, Esq., at Klehr Harrison Harvey Branzburg LLP,
is the Debtor's Delaware counsel.  Kinetic Advisors LLC is the
Company's  restructuring advisor.  Epiq Bankruptcy Solutions, LLC,
is the Debtor's notice, claims and balloting agent.  The Debtor
disclosed $140,678,983 in assets and $125,595,183 in liabilities
as of the Petition Date.

The Debtor's affiliate, Prize Petroleum LLC, filed a separate
Chapter 11 petition on May 25, 2010 (Case No. 10-11708).  Prize
Petroleum scheduled $121,945,092 in liabilities.


PFF BANCORP: Posts $199,600 Net Loss in August
----------------------------------------------
On September 20, 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 August 2010 with the
United States Bankruptcy Court for the District of Delaware.

PFF Bancorp reported a net loss of $199,631 for the month of
August 2010.

PFF Bancorp paid a total of $166,876 in professional fees and
expenses for the month of August 2010.

At August 31, 2010, PFF Bancorp had total assets of $14.3 million,
total liabilities of $117.4 million, and a stockholders' deficit
of $103.1 million.  Bank Accounts totaled $3.25 million at
August 31, 2010, compared to $3.45 million at July 31, 2010.

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

               http://researcharchives.com/t/s?6bd6

                         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.


PRECISION PARTS: Posts $130,600 Net Loss in July
------------------------------------------------
Precision Parts International Services Corp., et al., filed with
the U.S. Bankruptcy Court for the District of Delaware on
September 22, 2010, a monthly operating report for the month ended
July 31, 2010.

The Debtors reported a net loss of $130,563 for the month of
July.

At July 31, 2010, the Debtors had total assets of
$4.7 million, total liabilities of $188.7 million, and
stockholders' deficit of $184.0 million.

A copy of the Debtors' monthly operating report for the month of
July 2010 is available for free at:

           http://bankrupt.com/misc/ppi.july2010mor.pdf

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

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


PRECISION PARTS: Posts $145,138 Net Loss in June
------------------------------------------------
Precision Parts International Services Corp., et al., filed with
the U.S. Bankruptcy Court for the District of Delaware on
September 1, 2010, a monthly operating report for the month ended
June 30, 2010.

The Debtors reported a net loss of $145,138 for the month of
June.

At June 30, 2010, the Debtors had total assets of
$4.9 million, total liabilities of $188.7 million, and
stockholders' deficit of $183.8 million.

A copy of the Debtors' monthly operating report for the month of
June 2010 is available for free at:

           http://bankrupt.com/misc/ppi.june2010mor.pdf

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

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


SAINT VINCENTS: Reports Net Income of $52.9 Million in July
-----------------------------------------------------------
On September 15, 2010, Saint Vincents Catholic Medical Centers of
New York and its affiliates filed a consolidated monthly operating
report for the month of July 2010.

The Debtors reported an increase in net assets of $52.9 million on
$32.7 million of operating revenue for the period.

At July 31, 2010, the Debtors' balance sheet showed $283.8 million
in total assets, $1.069 billion in total liabilities, and a net
assets deficit of $784.9 million.

A copy of the consolidated monthly operating report for July 2010
is available for free at:

      http://bankrupt.com/misc/saintvincents.july2010mor.pdf

                           About SVCMC

Saint Vincents Catholic Medical Centers -- http://www.svcmc.org/
-- was anchored by St. Vincent's Hospital Manhattan, an academic
medical center located in Greenwich Village and the only emergency
room on the Westside of Manhattan from Midtown to Tribeca, St.
Vincent's Westchester, a behavioral health hospital in Westchester
County, and continuing care services that include two skilled
nursing facilities in Brooklyn, another on Staten Island, a
hospice, and a home health agency serving the Metropolitan New
York area.

Saint Vincent Catholic Medical Centers of New York and six of its
affiliates first filed for Chapter 11 protection on July 5, 2005
(Bankr. S.D.N.Y. Case No. 05-14945 through 05-14951).

St. Vincents Catholic Medical Centers returned to bankruptcy court
by filing another Chapter 11 petition (Bankr. S.D.N.Y. Case No.
10-11963) on April 14, 2010.  The Debtor estimated assets of
$348 million against debts totaling $1.09 billion in the new
petition.

Although the hospitals emerged from the prior reorganization in
July 2007 with a Chapter 11 plan said to have "a realistic chance"
of paying all creditors in full, the bankruptcy left the medical
center with more than $1 billion in debt.  The new filing occurred
after a $64 million operating loss in 2009 and the last potential
buyer terminated discussions for taking over the flagship
hospital.

Adam C. Rogoff, Esq., and Kenneth H. Eckstein, Esq., at Kramer
Levin Naftalis & Frankel LLP, represent the Debtor in its Chapter
11 effort.


SHARPER IMAGE: Earns $3.2 Million in August
-------------------------------------------
TSIC, Inc., formerly known as The Sharper Image Corporation, filed
with the U.S. Bankruptcy Court for the District of Delaware on
September 16, 2010, its monthly operating report for August 2010.

TSIC ended August 2010 with $7.03 million in unrestricted cash and
equivalents, from beginning cash of $3.65 million.  There were no
disbursements for professional fees in August.

TSIC reported net income of $3.2 million for the month.

At August 31, 2010, TSIC had $10.5 million in total assets,
$99.2 million in total liabilities, and a stockholders' deficit of
$88.7 million.

A full-text copy of TSIC's August 2010 monthly operating report
is available at no charge at http://researcharchives.com/t/s?6bd8

                      About Sharper Image

Headquartered in San Francisco, California, Sharper Image Corp. --
http://www.sharperimage.com/-- was a multi-channel specialty
retailer.  It operated in three principal selling channels: the
Sharper Image specialty stores throughout the U.S., the Sharper
Image catalog and the Internet.  The Company has operations in
Australia, Brazil and Mexico.  In addition, through its Brand
Licensing Division, it was also licensing the Sharper Image brand
to select third parties to allow them to sell Sharper Image
branded products in other channels of distribution.

The Company filed for Chapter 11 protection on February 19, 2008
(Bankr. D. Del. Case No. 08-10322).  Judge Kevin Gross presides
over the case.  Harvey R. Miller, Esq., Lori R. Fife, Esq., and
Christopher J. Marcus, Esq., at Weil, Gotshal & Manges, LLP,
serve as the Debtor's lead counsel.  Steven K. Kortanek, Esq.,
and John H. Strock, Esq., at Womble, Carlyle, Sandridge & Rice,
P.L.L.C., serve as the Debtor's local Delaware counsel.

An official committee of unsecured creditors has been appointed in
the case.  Cooley Godward Kronish LLP is the Committee's lead
bankruptcy counsel.  Whiteford Taylor Preston LLC is the
Committee's Delaware counsel.

When the Debtor filed for bankruptcy, it disclosed total assets of
$251,500,000 and total debts of $199,000,000.  As of June 30,
2008, the Debtor disclosed $52,962,174 in total assets and
$39,302,455 in total debts.

Sharper Image obtained the Court's approval to change
its name to "TSIC, Inc." in relation to an Asset Purchase
Agreement by the Debtor with Gordon Brothers Retail Partners, LLC,
GB Brands, LLC, Hilco Merchant Resources, LLC, and Hilco Consumer
Capital, LLC.


SUMNER REGIONAL: Posts $3.5 Million Net Loss in July
----------------------------------------------------
SRHS Bankruptcy, Inc., formerly Sumner Regional Health Systems,
Inc., filed on August 20, 2010, its monthly operating report for
the month of July 2010.

The Debtor posted a net loss of $3.5 million on $8.2 million of
net revenue for the period.

At July 31, 2010, the Debtor had $197.4 million in total assets,
$153.2 million in total liabilities, and a fund balance of
$44.2 million.

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

          http://bankrupt.com/misc/shrs.july2010mor.pdf

Gallatin, Tennessee-based Sumner Regional Health Systems, Inc. --
dba Sumner Regional Medical Center, SRHS Professional Services,
Sumner Station, Sumner In-Patient Rehabilitation Unit,
Westmoreland Pharmacy, Imaging for Women at Sumner Station,
Diagnostic Center at Sumner Station, Outpatient Rehab Services at
Sumner Station, The Fitness Center at Sumner Station, Sumner
Crossroads, and Executive House Apartments -- sought Chapter 11
bankruptcy protection (Bankr. M.D. Tenn. Case No. 10-04766) on
April 30, 2010 .  Robert A. Guy, Esq., at Frost Brown Todd LLC,
assists the Company in its restructuring effort.  The Company
estimated its assets and debts at $100 million to $500 million
at the time of the filing.


SUMNER REGIONAL: Posts $12.4 Million Net Loss in August
-------------------------------------------------------
SRHS Bankruptcy, Inc., formerly known as Sumner Regional Health
Systems, Inc., filed on September 20, 2010, its monthly operating
report for the month of August 2010.

The Debtor posted a net loss of $12.4 million on $8.1 million of
net revenue for the period.

At August 31, 2010, the Debtor had $55.8 million in total assets,
$24.0 million in total liabilities, and a fund balance of
$31.8 million.

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

         http://bankrupt.com/misc/shrs.august2010mor.pdf

Gallatin, Tennessee-based Sumner Regional Health Systems, Inc. --
dba Sumner Regional Medical Center, SRHS Professional Services,
Sumner Station, Sumner In-Patient Rehabilitation Unit,
Westmoreland Pharmacy, Imaging for Women at Sumner Station,
Diagnostic Center at Sumner Station, Outpatient Rehab Services at
Sumner Station, The Fitness Center at Sumner Station, Sumner
Crossroads, and Executive House Apartments -- sought Chapter 11
bankruptcy protection (Bankr. M.D. Tenn. Case No. 10-04766) on
April 30, 2010 .  Robert A. Guy, Esq., at Frost Brown Todd LLC,
assists the Company in its restructuring effort.  The Company
estimated its assets and debts at $100 million to $500 million
at the time of the filing.


THORNBURG MORTGAGE: Ends August 2010 With $115 Million Cash
-----------------------------------------------------------
On September 17, 2010, the Chapter 11 trustee for TMST, Inc.,
formerly known as Thornburg Mortgage, Inc., filed on
behalf of the Debtors, except for ADFITECH, Inc., a monthly
operating report for August 2010.  ADFITECH is no longer a wholly-
owned subsidiary of the Company and, therefore, its operating
reports are no longer required to be filed by the Company.

TMST, Inc., et al., ended August with $115.0 million cash.
Payment for professional fees and U.S. Trustee Fees totaled
$595,999.  The Debtors reported a net loss of $609,461 on net
operating revenue of $35,384 for the month.

At August 31, 2010, the Debtors had $116.7 million in total
assets, $3.429 billion in total liabilities, and a stockholders'
deficit of $3.312 billion.

A full-text copy of the TMST, Inc.'s August 2010 monthly operating
report is available for free at:

               http://researcharchives.com/t/s?6ba0

                     About Thornburg Mortgage

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

Thornburg Mortgage and its four affiliates filed for Chapter 11 on
May 1, 2009 (Bankr. D. Md. Lead Case No. 09-17787).  Thornburg
changed its name to TMST, Inc.

Judge Duncan W. Keir is handling the case.  David E. Rice, Esq.,
at Venable LLP, in Baltimore, Maryland, is tapped as counsel.
Orrick, Herrington & Sutcliffe LLP is employed as special counsel.
Jim Murray, and David Hilty, at Houlihan Lokey Howard & Zukin
Capital, Inc., are tapped as investment banker and financial
advisor.  Protiviti Inc. is also engaged for financial advisory
services.  KPMG LLP is the tax consultant.  Epiq Systems, Inc., is
claims and noticing agent.  Thornburg listed total assets of
$24.4 billion and total debts of $24.7 billion, as of January 31,
2009.

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


TOUSA INC: Cash Slips to $473.5 Million in August
-------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Tousa Inc. filed an operating report for August
showing a $473.5 million cash balance at the month's end.  Cash
shrank by $2.1 million in the month. Revenue was less than
$1.5 million.  Cash was $486 million at the end of May.

There will be an Oct. 27 hearing for approval of the

                         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 estimated assets and
debts of $1 million to $10 million in its Chapter 11 petition.


TRONOX INC: Posts $1,200,000 Net Income in August
-------------------------------------------------

            TRONOX INCORPORATED CHAPTER 11 DEBTORS
       Unaudited Condensed Consolidated Balance Sheet
                     As of August 31, 2010

ASSETS
Cash and cash equivalents                           $86,600,000
Notes and accounts receivable intercompany          351,800,000
Accounts receivable, third parties                  130,500,000
Inventories, net                                     95,700,000
Prepaid and other assets                            148,900,000
                                                ----------------
Total Current Assets                                807,500,000

Property, plant and equipment, net                  163,400,000
Notes and advances receivable, intercompany         102,800,000
Other long-term assets                              343,600,000
                                                ----------------
Total Assets                                      $1,417,300,000
                                                ================

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable, third parties                     $66,000,000
Accrued liabilities                                 101,200,000
Long-term debt due within one year                    3,400,000
Income taxes payable                                    800,000
                                                ----------------
Total Current Liabilities                           171,400,000

Noncurrent liabilities:
Environmental remediation and restoration            94,900,000
Long-term Debt                                      421,700,000
Notes and advances payable, intercompany                400,000
Deferred income taxes                                   800,000
Other                                               120,200,000
                                                ----------------
Total Liabilities
  Not Subject to Compromise                          809,400,000

Liabilities Subject to compromise                   441,700,000

Commitments and contingencies                                 -

Stockholders' equity
Common stock                                            400,000
Capital in excess of par value                      496,600,000
Retained earnings (accumulated deficit)            (278,400,000)
Accumulated other comprehensive
  income                                             (48,600,000)
Treasury stock, at cost                              (7,200,000)
Non-controlling interest in subsidiary                3,400,000
                                                ----------------
Total Stockholders' Equity                          166,200,000
                                                ----------------
Total Liabilities and Stockholders' Equity        $1,417,300,000
                                                ================

            TRONOX INCORPORATED CHAPTER 11 DEBTORS
  Unaudited Condensed Consolidated Statement of Operations
                  Month Ended August 31, 2010

Net Sales                                            $61,300,000
Cost of goods sold                                    46,900,000
                                                ----------------
Gross margin                                         14,400,000
Selling, general and admin. Expenses                   3,500,000
Restructuring charges                                          -
Provision for environmental remediation                        -
                                                ----------------
                                                      10,900,000

Interest and debt expense                              5,100,000
Other (income) expense, net                           (1,300,000)
Reorganization items                                   5,900,000
                                                ----------------
Income (loss) from continuing operations
before income taxes                                   1,200,000

Income tax provision (benefit)                                 -
                                                ----------------
Income (loss) from continuing operations               1,200,000

Income (loss) from discontinued operations,
net of tax                                                    -
                                                ----------------
Net income (loss)                                     $1,200,000
                                                ================

The Debtors disclosed that for the month ended August 31, 2010,
they paid a total of $3,497,257 to their professionals with
Kirkland & Ellis LLP, their counsel, getting $1,752,592.

A full-text copy of the August 2010 MOR is available for free
at http://bankrupt.com/misc/tronoxaug2010mor.pdf

                       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)

                           *********

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

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

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
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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
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

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

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

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

                           *********

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

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors" Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Howard
C. Tolentino, Joseph Medel C. Martirez, Denise Marie Varquez,
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