TCR_Public/110205.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

            Saturday, February 5, 2011, Vol. 15, No. 35

                            Headlines

ADVANTA CORP: Ends December 2010 With $120.13 Million Cash
AMBAC FINANCIAL: Has $30,093,045 November Net Loss
AMBAC FINANCIAL: Has $97,410,207 December Net Loss
BEAR ISLAND: Has $70,000 December Net Loss
CANAL CORP: Reports $6.9 Million Cash at December 31, 2010

IMPERIAL CAPITAL: Posts $217,966 Net Loss in December
INNKEEPERS USA: Has $2.26 Million December Operating Loss
LTV CORP: Ends December 2010 With $7,406,000 Cash
MOLECULAR INSIGHT: Posts $1.3 Million Net Loss From Dec. 10 - 31
NORTH AMERICAN PETROLEUM: Posts $1.1 Million Net Loss in December

NORTH AMERICAN PETROLEUM: Petroflow Posts $220,009 December Loss
OTC HOLDINGS: Has $4.7 Million December EBITDA
PALM HARBOR: Posts $5.3MM Net Loss in Nov. 30 - December 24 Period
PFF BANCORP: Posts $364,266 Net Loss in December
POINT BLANK: Posts 3.8 Million Net Loss in December

PRECISION PARTS: Posts $107,847 Net Loss in October
PRECISION PARTS: Posts $2,336 Net Loss in November
RCLC INC: Posts $141,363 Net Loss in November
TOWNSENDS INC: Lost $2.8 Million in First 12 Days of Case
TRIBUNE CO: Reports $43,342,000 Net Income in December

TROPICANA ENT: Adamar of NJ Has $2.76 Mil. Cash at Dec. 31
U.S. DRY CLEANING: Posts $26,565 Net Loss in December
WASHINGTON MUTUAL: Posts $55.9 Million Net Loss in December

                            *********

ADVANTA CORP: Ends December 2010 With $120.13 Million Cash
----------------------------------------------------------
Advanta Corp. and certain of its subsidiaries filed on
January 28, 2010, their unaudited monthly operating report for
December 2010 with the U.S. Bankruptcy Court for the District of
Delaware.

The Debtors ended December 2010 with $120.13 million in cash, from
$108.22 million at the beginning of the period.

Advanta Corp. reported a net loss of $2.40 million on $2,000 of
net interest income for the month.

At December 31, 2010, Advanta Corp. had $254.35 million in total
assets, $339.87 million in total liabilities, and a stockholders'
deficit of $85.52 million.

A copy of the Debtors' December 2010 monthly operating report is
available at no charge at:

               http://researcharchives.com/t/s?72b0

                       About Advanta Corp.

Advanta Corp. -- http://www.advanta.com/-- issues business
purpose credit cards to small businesses and business
professionals in the United States.  Advanta primarily funds and
operates its business credit card business through Advanta Bank
Corp., which offers a range of deposit products that are insured
by the Federal Deposit Insurance Corporation.

In June 2009, the FDIC placed significant restrictions on the
activities and operations of Advanta Bank, 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 the Debtor's
bankruptcy counsel.  Alvarez & Marsal is the financial advisor.
The Garden City Group, Inc., is the claims agent.  The filing did
not include Advanta Bank.  The petition said that Advanta Corp.'s
assets totaled $363,000,000 while debts totaled $331,000,000 as of
September 30, 2009.

As reported in the Troubled Company Reporter on December 22, 2010,
Advanta Corp. will seek approval of its Chapter 11 plan at a
confirmation hearing on February 10 after Judge Kevin J. Carey
approved the disclosure statement on December 17, 2010.  Under
Advanta's plan, holders of $140.6 million in unsecured notes could
be paid in full.  General unsecured creditors, with as much as
$180.6 million in claims, could recover up to 71.3%.


AMBAC FINANCIAL: Has $30,093,045 November Net Loss
--------------------------------------------------

                    Ambac Financial Group, Inc.
                           Balance Sheet
                      As of November 30, 2010

ASSETS:

Current Assets:
Unrestricted Cash and Equivalents                    $40,719,406
Restricted Cash and Cash Equivalents                   2,500,000
Accounts Receivable                                            -
Notes Receivable                                         646,584
Inventories                                                    -
Prepaid Expenses                                               -
Professional Retainers                                 4,392,500
Other Current Assets                                  22,619,285
                                                  --------------
  Total Current Assets                                70,877,775

Property & Equipment:
Real Property and Improvements                                 -
Machinery & Equipment                                          -
Furniture, Fixtures, and Office Equipment                      -
Leasehold Improvements                                         -
Vehicles                                                       -
Less: Accumulated Depreciation                                 -
                                                  --------------
  Total Property & Equipment                                   -

Other Assets:
Amounts Due From Insiders                                 12,378
Other Assets                                        (237,281,684)
                                                  --------------
  Total Other Assets                               ($237,269,306)
                                                  --------------
  Total Assets                                     ($166,391,531)
                                                  ==============

LIABILITIES AND OWNERS' EQUITY:

Liabilities Not Subject to Compromise (Postpetition):
Accounts Payable                                               -
Taxes Payable                                            $45,950
Wages Payable                                                  -
Notes Payable                                                  -
Rent/Leases - Building/Equipment                               -
Secured Debt/Adequate Protection Payments                      -
Professional Fees                                      4,005,667
Amounts Due to Insiders                                   16,831
Other Postpetition Liabilities                                 -
                                                  --------------
  Total Postpetition Liabilities                       4,068,448

Liabilities Subject to Compromise (Prepetition):
Secured Debt                                                   -
Priority Debt                                                  -
Unsecured Debt                                     1,695,896,727
                                                  --------------
  Total Prepetition Liabilities                    1,695,896,727
                                                  --------------
  Total Liabilities                                1,699,965,175

Owners' Equity:
Capital Stock                                         $3,080,168
Additional Paid-in Capital                         2,187,115,075
Partners' Capital Account                                      -
Owners' Equity Account                                         -
Retained earnings - prepetition                   (3,896,437,597)
Retained earnings - postpetition                     (30,093,045)
Adjustments to Owner Equity                         (130,021,307)
Postpetition Contributions                                     -
                                                  --------------
  Net Owners' Equity                             ($1,866,356,706)
                                                  --------------
  Total Liabilities & Owners' Equity               ($166,391,531)
                                                  ==============

                    Ambac Financial Group, Inc.
                     Statement of Operations
              For the month ended November 30, 2010

Gross Revenues                                                 -
Less: Returns & Allowances                                     -
                                                  --------------
Net Revenue                                                    -

Cost of Goods Sold:
Beginning Inventory                                            -
Add: Purchases                                                 -
    Cost of labor                                              -
    Other costs                                                -
Less: Ending Inventory                                         -
                                                  --------------
Cost of Goods Sold                                             -

Gross Profit                                                   -

Operating Expenses:
Advertising                                                    -
Auto and Truck Expense                                         -
Bad Debts                                                      -
Contributions                                                  -
Employee Benefits Programs                                     -
Officer/Insider Compensation                            $114,786
Insurance                                                      -
Management Fees/Bonuses                                        -
Office Expense                                                 -
Pension & profit sharing plans                                 -
Repairs & Maintenance                                          -
Rent and Lease Expense                                         -
Salaries/Commissions/Fees                                      -
Supplies                                                       -
Taxes - Payroll                                            1,985
Taxes - Real Estate                                            -
Taxes - Other                                                  -
Travel & Entertainment                                         -
Utilities                                                      -
Other                                                      9,671
                                                  --------------
Total Operating Expenses Before Depreciation             126,442
Depreciation/Depletion/Amortization                            -
                                                  --------------
Net profit (loss) Before
Other Income & Expenses                                (126,442)

Other Income and Expenses:
Other income                                              25,067
Interest Expense                                              -
Other Expense                                          6,826,726
                                                  --------------
Net profit (loss) Before Reorganization Items         (6,928,101)

Reorganization Items:
Professional Fees                                              -
U.S. Trustee Quarterly Fees                                    -
Interest on Cash from Chapter 11                               -
Gain from Sale of Equipment                                    -
Other Reorganization Expenses                         23,164,944
                                                  --------------
Total Reorganization Expenses                         23,164,944
                                                  --------------
Income Taxes                                                   -
                                                  --------------
Net Profit (Loss)                                   ($30,093,045)
                                                  ==============

                   Ambac Financial Group, Inc.
           Schedule of Cash Receipts and Disbursements
              For the month ended November 30, 2010

Cash, Beginning of Month                             $40,751,617

Receipts:
Cash Sales                                                     -
Accounts Receivable - Prepetition                              -
Accounts Receivable - Postpetition                             -
Loans and Advances                                             -
Sale of Assets                                                 -
Other                                                          -
Transfers                                               $475,657
                                                  --------------
Total Receipts                                         $475,657

Disbursements:
Gross Payroll                                           $111,978
Sales, Use, & Other Taxes                                      -
Inventory Purchases                                            -
Secured/Rental/Leases                                          -
Insurance                                                      -
Administrative                                                 -
Selling                                                        -
Other                                                          -
Owner Draw                                                     -
Transfers (to DIP Accts.)                                475,657
Professional Fees                                              -
U.S. Trustee Quarterly Fees                                    -
Court Costs                                                    -
                                                  --------------
Total Disbursements                                    $587,635
                                                  --------------
Net Cash Flow                                          ($111,978)
                                                  --------------
Cash, End of Month                                   $40,639,639
                                                  ==============

                       About Ambac Financial

Ambac Financial Group, Inc., headquartered in New York City, is a
holding company whose affiliates provided financial guarantees and
financial services to clients in both the public and private
sectors around the world.

Ambac Financial filed a voluntary petition for relief under
Chapter 11 of the U.S. Bankruptcy Code in Manhattan (Bankr.
S.D.N.Y. Case No. 10-15973) on November 8, 2010.  Ambac said it
will continue to operate in the ordinary course of business as
"debtor-in-possession" under the jurisdiction of the Bankruptcy
Court and in accordance with the applicable provisions of the
Bankruptcy Code and the orders of the Bankruptcy Court.

Ambac's bond insurance unit, Ambac Assurance Corp., did not file
for bankruptcy.  AAC is being restructured by state regulators in
Wisconsin.  AAC is domiciled in Wisconsin and regulated by the
Office of the Commissioner of Insurance of the State of Wisconsin.
The parent company is not regulated by the OCI.

Ambac's consolidated balance sheet -- which includes non-debtor
Ambac Assurance Corp -- showed $30.05 billion in total assets,
$31.47 billion in total liabilities, and a $1.42 billion
stockholders' deficit, at June 30, 2010.

On an unconsolidated basis, Ambac said in a court filing that
it has assets of ($394.5 million) and total liabilities of
$1.6826 billion as of June 30, 2010.

Bank of New York Mellon Corp., as trustee to seven different types
of notes, is listed as the largest unsecured creditor, with claims
totaling about $1.62 billion.

The Vanguard Group, Inc., holds 5.46% of the stock of Ambac and is
its largest shareholder.

Peter A. Ivanick, Esq., Allison H. Weiss, Esq., and Todd L.
Padnos, Esq., at Dewey & LeBoeuf LLP represent the Debtor.  The
Blackstone Group LP is the Debtor's financial advisor.  Kurtzman
Carson Consultants LLC is the claims and notice agent.

Anthony Princi, Esq., Gary S. Lee, Esq., and Brett H. Miller,
Esq., at Morrison & Foerster LLP, in New York, serve as counsel to
the Official Committee of Unsecured Creditors.

Bankruptcy Creditors' Service, Inc., publishes AMBAC BANKRUPTCY
NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by Ambac Financial Group Inc.
(http://bankrupt.com/newsstand/or 215/945-7000)


AMBAC FINANCIAL: Has $97,410,207 December Net Loss
--------------------------------------------------

                    Ambac Financial Group, Inc.
                           Balance Sheet
                     As of December 31, 2010

ASSETS:

Current Assets:
Unrestricted Cash and Equivalents                    $40,990,823
Restricted Cash and Cash Equivalents                   2,500,000
Accounts Receivable                                            -
Notes Receivable                                               -
Inventories                                                    -
Prepaid Expenses                                               -
Professional Retainers                                 4,392,500
Other Current Assets                                  22,622,298
                                                  --------------
  Total Current Assets                                70,505,621

Property & Equipment:
Real Property and Improvements                                 -
Machinery & Equipment                                          -
Furniture, Fixtures, and Office Equipment                      -
Leasehold Improvements                                         -
Vehicles                                                       -
Less: Accumulated Depreciation                                 -
                                                  --------------
  Total Property & Equipment                                   -

Other Assets:
Amounts Due From Insiders                                529,813
Other Assets                                        (357,764,704)
                                                  --------------
  Total Other Assets                                (357,234,891)
                                                  --------------
  Total Assets                                     ($286,729,270)
                                                  ==============

LIABILITIES AND OWNERS' EQUITY:

Liabilities Not Subject to Compromise (Postpetition):
Accounts Payable                                               -
Taxes Payable                                                  -
Wages Payable                                                  -
Notes Payable                                                  -
Rent/Leases - Building/Equipment                               -
Secured Debt/Adequate Protection Payments                      -
Professional Fees                                     $9,547,593
Amounts Due to Insiders                                   47,208
Other Postpetition Liabilities                                 -
                                                  --------------
  Total Postpetition Liabilities                       9,594,801

Liabilities Subject to Compromise (Prepetition):
Secured Debt                                                   -
Priority Debt                                                  -
Unsecured Debt                                     1,694,851,857
                                                  --------------
  Total Prepetition Liabilities                    1,694,851,857
                                                  --------------
  Total Liabilities                                1,704,446,658

Owners' Equity:
Capital Stock                                          3,080,168
Additional Paid-in Capital                         2,187,485,263
Partners' Capital Account                                      -
Owners' Equity Account                                         -
Retained earnings - prepetition                   (3,896,443,043)
Retained earnings - postpetition                    (128,532,712)
Adjustments to Owner Equity                         (156,765,604)
Postpetition Contributions                                     -
                                                  --------------
  Net Owners' Equity                              (1,991,175,928)
                                                  --------------
  Total Liabilities & Owners' Equity               ($286,729,270)
                                                  ==============

                   Ambac Financial Group, Inc.
                     Statement of Operations
              For the month ended December 31, 2010

Gross Revenues                                                 -
Less: Returns & Allowances                                     -
                                                  --------------
Net Revenue                                                    -

Cost of Goods Sold:
Beginning Inventory                                            -
Add: Purchases                                                 -
    Cost of labor                                              -
    Other costs                                                -
Less: Ending Inventory                                         -
                                                  --------------
Cost of Goods Sold                                             -

Gross Profit                                                   -

Operating Expenses:
Advertising                                                    -
Auto and Truck Expense                                         -
Bad Debts                                                      -
Contributions                                                  -
Employee Benefits Programs                             ($529,003)
Officer/Insider Compensation                             166,271
Insurance                                                      -
Management Fees/Bonuses                                        -
Office Expense                                             9,626
Pension & profit sharing plans                                 -
Repairs & Maintenance                                          -
Rent and Lease Expense                                         -
Salaries/Commissions/Fees                                      -
Supplies                                                     625
Taxes - Payroll                                            6,419
Taxes - Real Estate                                            -
Taxes - Other                                            (94,462)
Travel & Entertainment                                         -
Utilities                                                      -
Other                                                   (721,357)
                                                  --------------
Total Operating Expenses Before Depreciation         ($1,161,881)

Depreciation/Depletion/Amortization                            -
                                                  --------------
Net profit (loss) Before
Other Income & Expenses                               1,161,881

Other Income and Expenses:
Other income                                              31,171
Interest Expense                                              -
Other Expense                                         89,787,705
                                                  --------------
Net profit (loss) Before Reorganization Items        (88,594,653)

Reorganization Items:
Professional Fees                                      5,536,259
U.S. Trustee Quarterly Fees
Interest on Cash from Chapter 11
Gain from Sale of Equipment
Other Reorganization Expenses                          3,279,295
                                                  --------------
Total Reorganization Expenses                          8,815,554
                                                  --------------
Income Taxes                                                   -
                                                  --------------
Net Profit (Loss)                                   ($97,410,207)
                                                  ==============

                   Ambac Financial Group, Inc.
           Schedule of Cash Receipts and Disbursements
               For the month ended December 31, 2010

Cash Beginning of Month                              $40,639,639

Receipts:
Cash Sales                                                     -
Accounts Receivable - Prepetition                              -
Accounts Receivable - Postpetition                             -
Loans and Advances                                             -
Subordinated Promissory Note                             714,289
Sale of Assets                                                 -
Other                                                      8,240
Transfers                                              1,707,194
                                                  --------------
  Total Receipts                                      $2,429,723

Disbursements:
Gross Payroll                                           $364,596
Sales, Use, & Other Taxes                                      -
Inventory Purchases                                            -
Secured/Rental/Leases                                          -
Insurance                                                      -
Administrative                                                 -
Selling                                                        -
Other                                                     66,387
Owner Draw                                                     -
Transfers (to DIP Accts.)                              1,707,194
Professional Fees                                              -
U.S. Trustee Quarterly Fees                                    -
Court Costs                                                    -
                                                  --------------
  Total Disbursements                                 $2,138,176
                                                  --------------
Net Cash Flow                                           $291,547
                                                  --------------
Cash, End of Month                                   $40,931,186
                                                  ==============

                       About Ambac Financial

Ambac Financial Group, Inc., headquartered in New York City, is a
holding company whose affiliates provided financial guarantees and
financial services to clients in both the public and private
sectors around the world.

Ambac Financial filed a voluntary petition for relief under
Chapter 11 of the U.S. Bankruptcy Code in Manhattan (Bankr.
S.D.N.Y. Case No. 10-15973) on November 8, 2010.  Ambac said it
will continue to operate in the ordinary course of business as
"debtor-in-possession" under the jurisdiction of the Bankruptcy
Court and in accordance with the applicable provisions of the
Bankruptcy Code and the orders of the Bankruptcy Court.

Ambac's bond insurance unit, Ambac Assurance Corp., did not file
for bankruptcy.  AAC is being restructured by state regulators in
Wisconsin.  AAC is domiciled in Wisconsin and regulated by the
Office of the Commissioner of Insurance of the State of Wisconsin.
The parent company is not regulated by the OCI.

Ambac's consolidated balance sheet -- which includes non-debtor
Ambac Assurance Corp -- showed $30.05 billion in total assets,
$31.47 billion in total liabilities, and a $1.42 billion
stockholders' deficit, at June 30, 2010.

On an unconsolidated basis, Ambac said in a court filing that
it has assets of ($394.5 million) and total liabilities of
$1.6826 billion as of June 30, 2010.

Bank of New York Mellon Corp., as trustee to seven different types
of notes, is listed as the largest unsecured creditor, with claims
totaling about $1.62 billion.

The Vanguard Group, Inc., holds 5.46% of the stock of Ambac and is
its largest shareholder.

Peter A. Ivanick, Esq., Allison H. Weiss, Esq., and Todd L.
Padnos, Esq., at Dewey & LeBoeuf LLP represent the Debtor.  The
Blackstone Group LP is the Debtor's financial advisor.  Kurtzman
Carson Consultants LLC is the claims and notice agent.

Anthony Princi, Esq., Gary S. Lee, Esq., and Brett H. Miller,
Esq., at Morrison & Foerster LLP, in New York, serve as counsel to
the Official Committee of Unsecured Creditors.

Bankruptcy Creditors' Service, Inc., publishes AMBAC BANKRUPTCY
NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by Ambac Financial Group Inc.
(http://bankrupt.com/newsstand/or 215/945-7000)


BEAR ISLAND: Has $70,000 December Net Loss
------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Bear Island Paper Co. LLC had a $70,000 net loss in
December, according to the operating report filed with the
bankruptcy court.  Net sales in the month were $12.86 million. The
gross profit was $1.34 million.

                  About White Birch & Bear Island

Canada-based White Birch Paper Company is the second-largest
newsprint producer in North America.  As of December 31, 2009, the
White Birch Group held a 12% share of the North American newsprint
market and employed roughly 1,300 individuals (the majority of
which reside in Canada).  Bear Island Paper Company, L.L.C., is a
U.S.-based unit of White Birch.

Bear Island filed a voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Case No. 10-31202) on
February 24, 2010.  Bear Island estimated assets of $100 million
to $500 million and debts of $500 million to $1 billion in its
Chapter 11 petition.

White Birch filed for bankruptcy protection under Canada's
Companies' Creditors Arrangement Act, before the Superior Court
for the Province of Quebec, Commercial Division, Judicial District
of Montreal, Canada.  White Birch and five other affiliates --
F.F. Soucy Limited Partnership; F.F. Soucy, Inc. & Partners,
Limited Partnership; Papier Masson Ltee; Stadacona Limited
Partnership; and Stadacona General Partner, Inc. -- also sought
bankruptcy protection under Chapter 15 of the U.S. Bankruptcy Code
(Bankr. E.D. Va. Case No. 10-31234).

Jonathan L. Hauser, Esq., at Troutman Sanders LLP, in Virginia
Beach, Virginia; and Richard M. Cieri, Esq., Christopher J.
Marcus, Esq., and Michael A. Cohen, Esq., at Kirkland & Ellis LLP,
in New York, serve as counsel to White Birch, as Foreign
Representative.  Kirkland & Ellis and Troutman Sanders also serve
as Chapter 11 counsel to Bear Island.  AlixPartners LLP serves as
financial and restructuring advisors to Bear Island, and Lazard
Freres & Co., serves as investment banker.  Garden City Group is
the claims and notice agent.  Jason William Harbour, Esq., at
Hunton & Williams LLP, in Richmond, Virginia, represents the
Official Committee of Unsecured Creditors.  Chief Judge Douglas O.
Tice, Jr., handles the Chapter 11 and Chapter 15 cases.


CANAL CORP: Reports $6.9 Million Cash at December 31, 2010
----------------------------------------------------------
On January 5, 2011, Canal Corporation filed with the U.S.
Bankruptcy Court for the Eastern District of Virginia in Richmond
its unaudited monthly operating report for December 2010.

The Debtor reported a net loss of $119,278 on $0 sales for the
period.

As of December 31, 2010, the Debtor had $33.9 million in total
assets, $397.0 million in total liabilities, and a stockholders'
deficit of $363.1 million.  The Company had cash and cash
equivalents of $6.9 million at December 31, 2010, compared to
$7.0 million at December 5, 2010.

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

               http://researcharchives.com/t/s?72af

                        About Canal Corp.

Headquartered in Richmond, Virginia, Canal Corp., formerly
Chesapeake Corporation, supplies specialty paperboard packaging
products in Europe and an international supplier of plastic
packaging products to niche end-use markets.  The Company has 44
locations in Europe, North America, Africa and Asia.

Chesapeake and 18 affiliates filed Chapter 11 petitions (Bankr.
E.D. Va. Lead Case No. 08-336642) on Dec. 29, 2008.  Lawyers at
Hunton & Williams LLP serves as the Debtors' bankruptcy counsel.
Chesapeake tapped Alvarez and Marsal North America LLC, and
Goldman Sachs & Co. as financial advisors.  Tavenner & Beran PLC
serves as conflicts counsel and Hammonds LLP as special counsel.
Kurtzman Carson Consultants LLC serves as claims agent.  The
United States Trustee for Region 4 appointed seven creditors to
serve on an Official Committee of Unsecured Creditors for the
Debtors' Chapter 11 cases.  Lawyers at Greenberg Traurig LLP
represent the Committee.

In its petition, Chesapeake disclosed $936,600,000 in total assets
and $937,100,000 in total debts as of September 28, 2008.

As reported in the Troubled Company Reporter on January 12, 2011,
the Debtor filed a proposed plan of liquidation and accompanying
disclosure statement with the Bankruptcy Court on January 7.  The
proposed plan covers all but one of the Canal/Chesapeake companies
that are included in the jointly-administered bankruptcy cases.
That one exclusion is WTM I Company.

The plan of liquidation proposes that the Plan Debtors retain
their remaining assets and then complete the liquidation of their
assets in order to make distributions under the plan to creditors.

Canal projects that holders of revenue bond claims would receive
payments equal to approximately 2.28% of their claims under the
plan; holders of general unsecured claims would receive payments
of only 0.38% of their claims; and holders of subordinated note
claims would likely receive nothing.


IMPERIAL CAPITAL: Posts $217,966 Net Loss in December
-----------------------------------------------------
On January 20, 2011, Imperial Capital Bancorp, Inc., filed with
the U.S. Securities and Exchange Commission copies of its
unaudited monthly operating report for the month of December 2010
with the Office of the United States Trustee as required by the
OUST Guidelines.

The Company reported a net loss of $217,966 for the month of
December 2010.

At December 31, 2010, the Company had $41.34 million in total
assets, $99.48 million in total liabilities, and a stockholders'
deficit of $58.14 million.

A full-text copy of the Company's December 2010 monthly operating
report is available at no charge at:

               http://researcharchives.com/t/s?72b8

La Jolla, California-based Imperial Capital Bancorp, Inc., filed
for Chapter 11 bankruptcy protection on December 18, 2009 (Bankr.
S.D. Calif. Case No. 09-19431).  Gregory K. Jones, Esq., at
Stutman, Treister & Glatt, P.C., serves as the Company's
bankruptcy counsel.  The Company estimated its assets at
$10 million to $50 million and debts at $100 million in its
Chapter 11 petition.


INNKEEPERS USA: Has $2.26 Million December Operating Loss
---------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Innkeepers USA Trust reported a net loss of
$8.34 million in December on total revenue of $19.82 million.
The Company had an operating loss of $2.26 million for December.
The net loss from continuing operations was $4.6 million.
Reorganization items in the month totaled $3.7 million.

                     About Innkeepers USA Trust

Innkeepers USA Trust is a self-administered Maryland real estate
investment trust with a primary business focus on acquiring
premium-branded upscale extended-stay, mid-priced limited service,
and select-service hotels.  Innkeepers, through its indirect
subsidiaries, owns and operates an expansive portfolio of 72
upscale and mid-priced extended-stay and select-service hotels,
consisting of approximately 10,000 rooms, located in 20 states
across the United States.  Apollo Investment Corporation acquired
Innkeepers in June 2007.

Innkeepers USA Trust and 91 affiliates filed for Chapter 11 on
July 19, 2010 (Bankr. S.D.N.Y. Case No. 10-13800).  Paul M. Basta,
Esq., at Kirkland & Ellis LLP, in New York; Anup Sathy, P.C.,
Esq., Marc J. Carmel, Esq., at Kirkland & Ellis in Chicago; and
Daniel T. Donovan, Esq., at Kirkland & Ellis in Washington, DC,
serve as counsel to the Debtors.  AlixPartners is the
restructuring advisor and Marc A. Beilinson is the chief
restructuring officer.  Moelis & Company is the financial advisor.
Omni Management Group, LLC, is the claims and notice agent.

Attorneys at Morrison & Foerster, LLP, represent the Official
Committee of Unsecured Creditors.  Jefferies & Co. LLC, serves as
advisors for the committee.

The Company's consolidated assets for 2009 totaled roughly
$1.5 billion.  As of July 19, 2010, the Company and its affiliates
have incurred roughly $1.29 billion of secured debt.


LTV CORP: Ends December 2010 With $7,406,000 Cash
-------------------------------------------------
On January 20, 2011, The LTV Corporation, et al., submitted to
the United States Bankruptcy Court for the Northern District of
Ohio, Eastern Division, their monthly operating report for
December 2010.

LTV ended the period with a $7,406,000 cash balance.  LTV
reported $10,000 in receipts and $265,000 in disbursements in
December, including $239,000 paid to Chapter 11 professionals.
Beginning cash was $7,661,000.

A full-text copy of the Debtors' December 2010 operating report is
available at no charge at http://researcharchives.com/t/s?72ad

                    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.


MOLECULAR INSIGHT: Posts $1.3 Million Net Loss From Dec. 10 - 31
----------------------------------------------------------------
On January 20, 2011, Molecular Insight Pharmaceuticals, Inc.,
submitted its unaudited monthly operating report for December
2010.

The Debtor reported a net loss of $1.3 million on $144,560 of
grant revenue for the period.

At December 31, 2010, the Debtor's balance sheet showed
$26.9 million in total assets, $200.5 million in total
liabilities, and a stockholders' deficit of $173.6 million.

The Debtor ended the period with $14.3 million in unrestricted
cash and cash equivalents, and $520,995 in restricted cash and
cash equivalents.  There were no payments for professional fees
during the period.

A copy of the unaudited Monthly Operating Report as submitted to
the Office of the United States Trustee is available for free at:

               http://researcharchives.com/t/s?72ac

                     About Molecular Insight

Cambridge, Massachusetts-based Molecular Insight Pharmaceuticals,
Inc., is a clinical-stage biopharmaceutical company that provides
services on the detection and treatment of various forms of cancer
and other life-threatening diseases.  The Debtor disclosed
$36,453,000 in total assets and $198,829,000 in total debts as of
September 30, 2010.

Molecular Insight filed for Chapter 11 bankruptcy protection on
December 9, 2010 (Bankr. D. Mass. Case No. 10-23355).  Kramer
Levin Naftalis & Franklin LLP serves as the Debtor's lead
bankruptcy counsel.  Alan L. Braunstein, Esq., at Riemer &
Braunstein, LLP, serves as the Debtor's local Massachusetts
counsel.  Foley & Lardner LLP is the Debtor's special counsel.
Tatum LLC, a division of SFN Professional Services LLC, is the
Debtor's financial consultant.  Omni Management Group, LLC, is the
claims, and balloting agent.


NORTH AMERICAN PETROLEUM: Posts $1.1 Million Net Loss in December
-----------------------------------------------------------------
North American Petroleum Corp. USA reported a net loss of
$1.14 million on net revenue of $2.94 million for December 2010.

At December 31, 2010, the Debtor had $140.09 million in total
assets, $134.14 million in total liabilities, and $5.95 million in
net owner equity.

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

         http://bankrupt.com/misc/NAP.december2010mor.pdf

                  About North American Petroleum

Denver, Colorado-based North American Petroleum Corp. USA is a
natural gas driller.  North American Petroleum and Prize Petroleum
are subsidiaries of Petroflow Energy Ltd.  North American
Petroleum sought Chapter 11 protection on May 25, 2010 (Bankr. D.
Del. Case No. 10-11707).  In its schedules, North American
Petroleum disclosed $140,678,983 in total assets and $125,595,183
in total 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.

These cases are being jointly administered for procedural
purposes, under the case docket for North American Petroleum
Corporation USA, Case No. 10-11707.

On August 20, 2010, Petroflow Energy Ltd., the parent company of
North American Petroleum Corporation USA and Prize Petroleum, LLC,
filed a petition in the U.S. Bankruptcy Court for the District of
Delaware seeking relief under Chapter 11 of the Bankruptcy Code
(Case No. 10-12608).  On September 10, 2010, the Bankruptcy Court
granted permission for Petroflow's Chapter 11 case to be jointly
administered with those of its two Chapter 11 debtor-affiliates.
On September 17, 2010, Petroflow received recognition of the U.S.
Chapter 11 proceedings from the Alberta Court of Queen's Bench
under the Companies' Creditors Arrangement Act in Canada.  In its
petition, Petroflow disclosed assets and debts of between
$100 million and $500 million each.

David R. Seligman, Esq., Ryan Blaine Bennett, Esq., and Paul
Wierbicki, Esq., at Kirkland & Ellis LLP, in Chicago, serve as
lead bankruptcy counsel.  Domenic E. Pacitti, Esq., at Klehr
Harrison Harvey Branzburg LLP in Wilmington, Del., and Morton R.
Branzburg, Esq., at Klehr Harrison Harvey Branzburg LLP, in
Philadephia, Pa., serve as the Debtors' co-counsel.  Kinetic
Advisors LLC is the Debtors' financial advisor.  Epiq Bankruptcy
Solutions, LLC, is the Debtors' notice, claims and balloting
agent.


NORTH AMERICAN PETROLEUM: Petroflow Posts $220,009 December Loss
----------------------------------------------------------------
Petroflow Energy Ltd. reported a net loss of $220,009 for
December 2010.

At December 31, 2010, the Debtor had $19,698,665 in total
assets, $154,791 in total liabilities, and $19,543,874 in
net owner equity.

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

      http://bankrupt.com/misc/Petroflow.december2010mor.pdf

                  About North American Petroleum

Denver, Colorado-based North American Petroleum Corp. USA is a
natural gas driller.  North American Petroleum and Prize Petroleum
are subsidiaries of Petroflow Energy Ltd.  North American
Petroleum sought Chapter 11 protection on May 25, 2010 (Bankr. D.
Del. Case No. 10-11707).  In its schedules, North American
Petroleum disclosed $140,678,983 in total assets and $125,595,183
in total 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.

These cases are being jointly administered for procedural
purposes, under the case docket for North American Petroleum
Corporation USA, Case No. 10-11707.

On August 20, 2010, Petroflow Energy Ltd., the parent company of
North American Petroleum Corporation USA and Prize Petroleum, LLC,
filed a petition in the U.S. Bankruptcy Court for the District of
Delaware seeking relief under Chapter 11 of the Bankruptcy Code
(Case No. 10-12608).  On September 10, 2010, the Bankruptcy Court
granted permission for Petroflow's Chapter 11 case to be jointly
administered with those of its two Chapter 11 debtor-affiliates.
On September 17, 2010, Petroflow received recognition of the U.S.
Chapter 11 proceedings from the Alberta Court of Queen's Bench
under the Companies' Creditors Arrangement Act in Canada.  In its
petition, Petroflow disclosed assets and debts of between
$100 million and $500 million each.

David R. Seligman, Esq., Ryan Blaine Bennett, Esq., and Paul
Wierbicki, Esq., at Kirkland & Ellis LLP, in Chicago, serve as
lead bankruptcy counsel.  Domenic E. Pacitti, Esq., at Klehr
Harrison Harvey Branzburg LLP in Wilmington, Del., and Morton R.
Branzburg, Esq., at Klehr Harrison Harvey Branzburg LLP, in
Philadephia, Pa., serve as the Debtors' co-counsel.  Kinetic
Advisors LLC is the Debtors' financial advisor.  Epiq Bankruptcy
Solutions, LLC, is the Debtors' notice, claims and balloting
agent.


OTC HOLDINGS: Has $4.7 Million December EBITDA
----------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Oriental Trading Co. reported a $5 million net loss
in December on $39.7 million in net sales.  Gross profit in the
month was $24.9 million.  Earnings before interest, taxes,
depreciation and amortization for the month was $4.7 million.
Reorganization items totaled $3.1 million.

                   About OTC Holdings Corporation

Omaha, Nebraska-based OTC Holdings Corporation filed for
Chapter 11 protection on August 25, 2010 (Bankr. D. Del. Case No.
10-12636).  Affiliates OTC Investors Corporation (Bankr. D. Del.
Case No. 10-12637), Oriental Trading Company, Inc. (Bankr. D. Del.
Case No. 10-12638), Fun Express, Inc. (Bankr. D. Del. Case No.
10-12639), and Oriental Trading Marketing, Inc. (Bankr. D. Del.
Case No. 10-12640), filed separate Chapter 11 petitions on
August 25, 2010.  The Debtors disclosed $463 million in assets and
$757 million in liabilities as of the Chapter 11 filing.

Richard Hahn, Esq., My Chi To, Esq., Jae-Sun Chung, Esq., Huyue
Angela Zhang, Esq., and Jessica Katz, Esq., at Debevoise &
Plimpton LLP, represent the Debtors.  Joel A. Waite, Esq., and
Kenneth J. Enos, Esq., at Young, Conaway, Stargatt & Taylor, serve
as the Debtors' local counsel.  Jefferies & Company, Inc., is the
Debtors' financial advisor.  Protiviti, Inc., is the Debtors'
restructuring consultant.  Kurtzman Carson Consultants LLC is the
Debtors' claims agent.

The Official Committee of Unsecured Creditors' counsel is Ashby &
Geddes, P.A.


PALM HARBOR: Posts $5.3MM Net Loss in Nov. 30 - December 24 Period
------------------------------------------------------------------
In a Form 8-K filing Tuesday, Palm Harbor Homes, Inc., and certain
of its domestic subsidiaries discloses that on January 28, 2011,
they filed their monthly operating report for the period from
November 30, 2010, to December 24, 2010, with the U.S. Bankruptcy
Court for the District of Delaware.

In the regulatory filing, the Company advises that as of
January 31, 2011, it projects that it will have approximately
$155 million of debt (both pre-petition and post-petition) by the
time the auction concludes and the sale closes.  The Company says
that assuming strict payment priorities under the Bankruptcy Code
are applied to distribution of the sale proceeds (and that some or
all of its liabilities are not otherwise assumed by the successful
purchaser) holders of common equity would likely not be entitled
to receive any recovery on account of their equity until all of
its liabilities are first paid.

According to the Company, the "stalking horse" purchaser has
submitted a bid under its asset purchase agreement of
approximately $50 million plus the assumption of certain
obligations.  The auction is scheduled to occur on March 1, 2011.

The Debtors reported a consolidated net loss of $5.3 million on
$12.7 million of revenues for the November 30, 2010, to
December 24, 2010 period.  Net loss before reorganization items
was $4.7 million.

At December 24, 2010, the Debtors consolidated balance sheet
showed $153.9 million in total assets, $206.4 million in total
liabilities, and a stockholders' deficit of $52.5 million.

The Debtors ended the period with $7.6 million cash, compared to
$3.5 million at the beginning of the period.  The Debtors received
$5.3 million in net DIP Facility funding during the period.

A full-text copy of the monthly operating report is available for
free at http://researcharchives.com/t/s?72ca

                     About Palm Harbor Homes

Addison, Texas-based Palm Harbor Homes, Inc. --
http://www.palmharbor.com/-- manufactures and markets factory-
built homes.  The Company markets nationwide through vertically
integrated operations, encompassing manufactured and modular
housing, financing and insurance.

Palm Harbor filed for Chapter 11 bankruptcy protection on
November 29, 2010 (Bankr. D. Del. Case No. 10-13850).  It
disclosed $321,263,000 in total assets and $280,343,000 in total
debts.

Affiliates Palm Harbor Albemarle, LLC (Bankr. D. Del. Case No.
10-13849), Palm Harbor Real Estate, LLC (Bankr. D. Del. Case No.
10-13851), Palm Harbor GenPar, LLC (Bankr. D. Del. Case No.
10-13852), Palm Harbor Manufacturing, LP (Bankr. D. Del. Case No.
10-13853), and Nationwide Homes, Inc. (Bankr. D. Del. Case No.
10-13854) filed separate Chapter 11 petitions.

Brian Cejka at Alvarez & Marsal is the Debtors' chief
restructuring officer.  Raymond James And Associates, Inc., is the
Debtors' investment banker.  Alvarez & Marshal North America, LLC,
is the Debtors' financial advisor.  BMC Group, Inc., is the
Debtors' claims agent.  Pachulski Stang Ziehl & Jones LLP serves
as counsel to the Official Committee of Unsecured Creditors


PFF BANCORP: Posts $364,266 Net Loss in December
------------------------------------------------
On January 19, 2011, 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 December 2010 with the
United States Bankruptcy Court for the District of Delaware.

PFF Bancorp reported a net loss of $364,266 on $0 revenue for the
period.

PFF Bancorp paid a total of $307,910 in professional fees and
expenses for the month of December 2010.

At December 31, 2010, PFF Bancorp had total assets of
$13.1 million, total liabilities of $117.4 million, and a
stockholders' deficit of $104.3 million.  Total Bank Accounts were
$2.05 million at December 31, 2010, compared to $2.41 million at
November 30, 2010.

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

               http://researcharchives.com/t/s?72ae

                        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., serve as the Debtors' bankruptcy
counsel.  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: Posts 3.8 Million Net Loss in December
---------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports Point Blank Solutions Inc. reported a $3.8 million net
loss in December on net sales of $7.3 million.  The operating loss
for the month was $1.4 million.  Reorganization expenses in the
period totaled $5.2 million.

                        About Point Blank

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

The Company's former chief executive officer and chief operating
officer were convicted in September 2010 of orchestrating a
$185 million fraud.

Point Blank Solutions, formerly DHB Industries, filed for
Chapter 11 protection on April 14, 2010 (Bankr. D. Del. Case No.
10-11255).  Laura Davis Jones, Esq., and Timothy P. Cairns, Esq.,
at Pachulski Stang Ziehl & Jones LLP, serve as bankruptcy counsel
to the Debtor.  Olshan Grundman Frome Rosenweig & Wolosky LLP
serves as corporate counsel.  T. Scott Avila of CRG Partners Group
LLC is the restructuring officer.  Epiq Bankruptcy Solutions
serves as claims and notice agent.

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Equity Security
Holders in the case.  The Equity Committee has tapped Morrison
Cohen LLP, and The Bayard, P.A., as counsel.  Robert M. Hirsh,
Esq., and Heike M. Vogel, Esq., at Arent Fox LLP, serve as counsel
to the Creditors Committee, and Frederick B. Rosner, Esq., and
Brian L. Arban, Esq., at Messana Rosner & Stern LLP, serve as
co-counsel.


PRECISION PARTS: Posts $107,847 Net Loss in October
---------------------------------------------------
Precision Parts International Services Corp., et al., filed with
the U.S. Bankruptcy Court for the District of Delaware on
January 24, 2011, a monthly operating report for October 2010.

The Debtors reported a net loss of $107,847 for the month.

At October 31, 2010, the Debtors had total assets of
$1.33 million, total liabilities of $188.74 million, and a
stockholders' deficit of $187.41 million.

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

         http://bankrupt.com/misc/PPI.october2010mor.pdf

Headquartered in Rochester Hills, Michigan, Precision Parts
International Services Corp. -- http://www.precisionparts.com/--
sold products to major north American automotive and non-
automotive original equipment manufacturers and Tier 1 and 2
suppliers.  PPI and its units operated 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 serve as the Debtors'
bankruptcy counsel.  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 $2,336 Net Loss in November
--------------------------------------------------
Precision Parts International Services Corp., et al., filed with
the U.S. Bankruptcy Court for the District of Delaware on
January 24, 2011, a monthly operating report for November 2010.

The Debtors reported a net loss of $2,336 for the month.

At November 30, 2010, the Debtors had total assets of
$1.33 million, total liabilities of $188.74 million, and a
stockholders' deficit of $187.41 million.

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

         http://bankrupt.com/misc/PPI.november2010mor.pdf

Headquartered in Rochester Hills, Michigan, Precision Parts
International Services Corp. -- http://www.precisionparts.com/--
sold products to major north American automotive and non-
automotive original equipment manufacturers and Tier 1 and 2
suppliers.  PPI and its units operated 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 serve as the Debtors'
bankruptcy counsel.  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.


RCLC INC: Posts $141,363 Net Loss in November
---------------------------------------------
On January 25, 2011, RCLC, Inc., and certain of its subsidiaries
filed their unaudited monthly operating reports for November 2010,
with the U.S. Bankruptcy Court for the District of New Jersey.

RCLC, Inc., reported a net loss of $141,363 for November 2010.

At November 30, 2010, RCLC had $17.14 million in total assets,
$11.29 million in total liabilities, and stockholders' equity of
$5.85 million.

RCLC ended November 2010 with $32,562 cash.  It paid a total of
$103,634 in professional fees and reimbursed a total of $3,350 in
professional expenses in November.

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

               http://researcharchives.com/t/s?72b2

RCPC Liquidating Corp. reported net income of $153,797 for
November 2010.

At November 30, 2010, RCPC had $4.0 million in total assets,
$2.4 million in total liabilities, and stockholders' equity of
$1.6 million.

RCPC ended November 2010 with $2.4 million cash.  It paid a total
of $98,500 in professional fees and reimbursed a total of $3,350
in professional expenses in November.

A full-text copy of RCPC Liquidating Corp.'s November 2010 monthly
operating report is available for free at:

               http://researcharchives.com/t/s?72b3

RA Liquidating Corp. reported a net loss of $220,576 for
November 2010.

At November 30, 2010, RA had $6.5 million in total assets,
$2.1 million in total liabilities, and stockholders' equity of
$4.4 million.

RA ended November 2010 with $1,365,804 cash.  It paid a total of
$482,133 in professional fees and reimbursed a total of $24,970 in
professional expenses in November.

A full-text copy of RA Liquidating's November 2010 monthly
operating report is available for free at:

               http://researcharchives.com/t/s?72b4

                         About RCLC Inc.

RCLC, Inc., formerly known as Ronson Corporation, in Woodbridge,
New Jersey, historically, has been engaged principally in these
businesses -- Consumer Products; and Aviation-Fixed Wing and
Helicopter Services.

Trenton, New Jersey-based Ronson Aviation, Inc., now known as RA
Liquidating Corp., filed for Chapter 11 protection on August 17,
2010 (Bankr. D. N.J. Case No. 10-35315).  The Debtor estimated its
assets at $10 million to $50 million and its debts at $1 million
to $10 million.  Affiliates RCLC, Inc. (Bankr. D. N.J. Case No.
10-35313), and RCPC Liquidating Corporation (Bankr. D. N.J. Case
No. 10-35318) filed separate Chapter 11 petitions on August 17,
2010, each estimating their assets at $1 million to $10 million
and debts at $1 million to $10 million.  The cases, along with
RCLC, Inc.'s, are jointly administered, with RCLC, Inc., as the
lead case.

Michael D. Sirota, Esq., at Cole, Schotz, Meisel, Forman &
Leonard, serves as the Debtor's bankruptcy counsel.

The Company's foreign subsidiary, RCC, Inc., formerly known as
Ronson Corporation of Canada Ltd. is not included in the filing.

Upon the closing of the sale of the Company's Aviation Division on
October 15, 2010, the Company ceased to have operations, other
than to effectuate its wind-down and approve its liquidation plan
by the Bankruptcy Court.


TOWNSENDS INC: Lost $2.8 Million in First 12 Days of Case
---------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Townsends Inc. said the cost of goods sold was almost
$2 million more than the $15.24 million revenue in the first 12
days of the Chapter 11 case begun Dec. 19.  The net loss in the
period was $2.8 million.

                       About Townsends Inc.

Founded in 1891, Townsends Inc. is a third-generation, family-
owned poultry company.  Headquartered in Georgetown, Delaware,
Townsends operates production and processing facilities in
Arkansas and North Carolina.  Townsends Inc. -- fka Townsend
Speciality Foods -- and several affiliates filed for Chapter 11
bankruptcy protection on December 19, 2010 (Bankr. D. Del. Lead
Case No. 10-14092).  As of December 5, 2010, the Debtors disclosed
$131 million in total assets and $127 million in total debts.

Derek C. Abbott, Esq., at Morris Nichols Arsht & Tunnell, serves
as the Debtors' bankruptcy counsel.  McKenna Long & Aldridge LLP
serves as special counsel.  Huron Consulting Group's Dalton T.
Edgecomb serves as the Debtors' chief restructuring officer.  SSG
Capital Advisors, LLC, serves as investment banker.  Donlin,
Recano & Company, Inc., is the Debtors' claims, noticing and
balloting agent.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee has tapped Lowenstein Sandler PC as its
counsel and J.H. Cohn LLP as its financial advisor.


TRIBUNE CO: Reports $43,342,000 Net Income in December
------------------------------------------------------

                    Tribune Company, et al.
               Condensed Combined Balance Sheet
                    As of December 26, 2010

ASSETS
Current Assets:
  Cash and cash equivalents                       $1,058,279,000
  Accounts receivable, net                           525,711,000
  Inventories                                         22,510,000
  Broadcast rights                                   181,265,000
  Prepaid expenses and other                         219,161,000
                                                   -------------
Total current assets                               2,006,926,000

Property, plant and equipment, net                   960,035,000

Other Assets:
  Broadcast rights                                   153,141,000
  Goodwill & other intangible assets, net            786,984,000
  Prepaid pension costs                                2,630,000
  Investments in non-debtor units                  1,525,681,000
  Other investments                                   33,977,000
  Intercompany receivables from non-debtors        3,125,065,000
  Restricted cash                                    726,262,000
  Other                                               72,187,000
                                                   -------------
Total Assets                                      $9,392,888,000
                                                   =============

LIABILITIES & SHAREHOLDERS' EQUITY (DEFICIT)

Current Liabilities:
  Current portion of broadcast rights               $117,025,000
  Current portion of long-term debt                    2,093,000
  Accounts payable, accrued expenses, and other      480,408,000
                                                   -------------
Total current liabilities                            599,526,000

Pension obligations                                  157,834,000
Long-term broadcast rights                            91,308,000
Long-term debt                                         6,391,000
Other obligations                                    193,491,000
                                                   -------------
Total Liabilities                                  1,048,550,000

Liabilities Subject to Compromise:
  Intercompany payables to non-debtors             3,459,117,000
  Obligations to third parties                    13,096,684,000
                                                   -------------
Total Liabilities Subject to Compromise           16,555,801,000

Shareholders' Equity (Deficit)                    (8,211,463,000)
                                                   -------------
Total Liabilities & Shareholders' Equity(Deficit) $9,392,888,000
                                                   =============


                    Tribune Company, et al.
          Condensed Combined Statement of Operations
         For the Period Nov. 22, 2010 to Dec. 26, 2010

Total Revenue                                       $329,192,000

Operating Expenses:
  Cost of sales                                      160,931,000
  Selling, general and administrative                 94,365,000
  Depreciation                                        13,337,000
  Amortization of intangible assets                    1,331,000
                                                   -------------
Total operating expenses                             269,964,000
                                                   -------------
Operating Profit (Loss)                               59,228,000
                                                   -------------
Income on equity investments, net                       (605,000)
Interest expense, net                                 (3,653,000)
Management fee                                        (3,631,000)
Non-operating loss, net                               (3,876,000)
                                                   -------------
Income (loss) before income taxes & Reorg. Costs      47,463,000
Reorganization costs                                  (7,704,000)
                                                   -------------
Income (loss) before income taxes                     39,759,000
Income taxes                                           3,583,000
                                                   -------------
Income (loss) from continuing operations              43,342,000
Income from discontinued operations, net of tax                -
                                                   -------------
Net Income (Loss)                                    $43,342,000
                                                   =============

                    Tribune Company, et al.
           Combined Schedule of Operating Cash Flow
         For the Period Nov. 22, 2010 to Dec. 26, 2010

Beginning Cash Balance                            $1,747,159,000

Cash Receipts:
  Operating receipts                                 312,087,000
  Other                                                        -
                                                   -------------
Total Cash Receipts                                  312,087,000

Cash Disbursements
  Compensation and benefits                           81,396,000
  General disbursements                              187,789,000
  Reorganization related disbursements                 8,247,000
                                                   -------------
Total Disbursements                                  277,432,000
                                                   -------------
Debtors' Net Cash Flow                                34,655,000

From/(To) Non-Debtors                                  5,000,000
                                                   -------------
Net Cash Flow                                         39,655,000
Other                                                 (3,069,000)
                                                   -------------
Ending Available Cash Balance                     $1,783,745,000
                                                   =============

                         About Tribune Co.

Headquartered in Chicago, Illinois, Tribune Co. --
http://www.tribune.com/-- is a media company, operating
businesses in publishing, interactive and broadcasting, including
ten daily newspapers and commuter tabloids, 23 television
stations, WGN America, WGN-AM and the Chicago Cubs baseball team.

The Company and 110 of its affiliates filed for Chapter 11
protection on December 8, 2008 (Bankr. D. Del. Lead Case No. 08-
13141).  The Debtors proposed Sidley Austin LLP as their counsel;
Cole, Schotz, Meisel, Forman & Leonard, PA, as Delaware counsel;
Lazard Ltd. And Alvarez & Marsal North America LLC as financial
advisors; and Epiq Bankruptcy Solutions LLC as claims agent.  As
of December 8, 2008, the Debtors have $7,604,195,000 in total
assets and $12,972,541,148 in total debts.  Chadbourne & Parke LLP
and Landis Rath LLP serve as co-counsel to the Official Committee
of Unsecured Creditors.  AlixPartners LLP is the Committee's
financial advisor.  Landis Rath Moelis & Company serves as the
Committee's investment banker.  Thomas G. Macauley, Esq., at
Zuckerman Spaeder LLP, in Wilmington, Delaware, represents the
Committee in connection with the lawsuit filed against former
officers and shareholders for the 2007 LBO of Tribune.

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


TROPICANA ENT: Adamar of NJ Has $2.76 Mil. Cash at Dec. 31
----------------------------------------------------------

               Adamar of NJ In Liquidation, LLC
                  Consolidated Balance Sheets
                    As of December 31, 2010

                             ASSETS

Current Assets
Cash and cash equivalents                           $2,762,000
Receivables, gaming, hotel and other, net                    0
Inventories                                                  0
Prepaid expenses and other                                   0
Deferred income taxes                                        0
                                                 --------------
Total current assets                                  2,762,000

Property and equipment, at cost, net                          0

Investments                                                   0
Tenant allowances and other assets                            0
                                                 --------------
TOTAL ASSETS                                         $2,762,000
                                                 ==============

              LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities
Accounts payable and accruals                         $506,000
Accrued payroll and employee benefits                        0
Current portion of long-term debt                            0
Casino reinvestment obligation                               0
Advances from TE and other affiliates, net                   0
Advances from NJ affiliates, net                             0
Other current liabilities                                    0
Liabilities subject to compromise                    9,560,000
                                                 --------------
Total current liabilities                            10,066,000

Long-term debt, net of current portion                        0
Deferred income taxes                                         0
                                                 --------------
Total Liabilities                                    10,066,000

Stockholders' Equity
Common stock, no par value (100 shares                       0
   authorized, issued and outstanding)
Paid-in capital                                              0
Accumulated deficit                                 (7,304,000)
                                                 --------------
Total shareholders' equity                           (7,304,000)
                                                 --------------
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY             $2,762,000
                                                 ==============

               Adamar of NJ In Liquidation, LLC
             Consolidated Statements of Operations
             For the Month Ended December 31, 2010

Revenues
Casino                                                      $0
Rooms                                                        0
Food and beverage                                            0
Other                                                        0
                                                 --------------
Total revenues                                                0
                                                 --------------

Costs and Expenses
Casino                                                       0
Rooms                                                        0
Food and beverage                                            0
Other                                                        0
Marketing                                                    0
General and administrative                                   0
Utilities                                                    0
Repairs and maintenance                                      0
Provision for doubtful accounts                              0
Property taxes and insurance                                 0
Rent                                                         0
Rent to New Jersey affiliate                                 0
Depreciation and amortization                                0
Reorganization expense                                  44,000
                                                 --------------
Total                                                    44,000

Operating profit (loss)                                 (44,000)

License denial expense                                        0
Interest income, net                                      2,000
Interest expense                                              0
                                                 --------------
Income before income taxes                              (42,000)
Income taxes benefit/(provision)                              0
                                                 --------------
NET (LOSS)                                             ($42,000)
                                                 ==============

               Adamar of NJ In Liquidation, LLC
                          Cash Flows
             For the Month Ended December 31, 2010


Beginning cash                                       $2,872,000

Disbursements:
Claims settlement                                            0
Professional fees disbursements                        109,000
Transfer to Tropicana Entertainment                      3,000
UST fees                                                     0
                                                 --------------
Total disbursements                                     112,000

Interest income                                           2,000
                                                 --------------
Ending Cash                                          $2,762,000
                                                 ==============

                   About Tropicana Entertainment

Tropicana Entertainment Inc. is a publicly reporting company that,
along with its affiliates, owns or operates nine casinos and
resorts in Indiana, Louisiana, Mississippi, Nevada and New Jersey.
The Company owns approximately 6,000 rooms, 9,000 slot positions
and 250 table games.  In addition, the Company owns a development
property in Aruba.  The company is based in Las Vegas, Nevada.

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

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

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

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

Debtors Adamar of New Jersey Inc. and Manchester Mall Inc. have
merged into Adamar of NJ In Liquidation, LLC.  The merger and name
change is in accordance with an Amended and Restated Purchase
Agreement, which governs the sale and transfer of the operations
of the Tropicana Casino and Resort - Atlantic City, including
substantially all of the New Jersey Debtors' assets, to Tropicana
Entertainment Inc., Tropicana Atlantic City Corp., and Tropicana
AC Sub Corp., free and clear of any and all liens, claims and
encumbrances.

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


U.S. DRY CLEANING: Posts $26,565 Net Loss in December
-----------------------------------------------------
On January 21, 2010, U.S. Dry Cleaning Services Corporation and
seven of its affiliates filed with the U.S. Bankruptcy Court for
Central District of California copies of their monthly operating
report for December 2010.

The Debtor reported a net loss of $26,565 for December 2010.

At December 31, 2010, the Debtor's balance sheet showed
$1.75 million in total assets, $24.17 million in total
liabilities, and a stockholders' deficit of $22.42 million.

A full-text copy of U.S. Dry Cleaning's December 2010 monthly
operating report is available for free at:

               http://researcharchives.com/t/s?72b9

Enivel, Inc. reported a net loss of $51,271 on $527,554 of revenue
for the month of December 2010.

At December 31, 2010, the Debtor's balance sheet showed
$6.75 million in total assets, $2.46 million in total liabilities,
and stockholders' equity of $4.29 million.

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

               http://researcharchives.com/t/s?72ba

Cleaners Club Acquisition Sub, Inc., reported a net loss of
$15,868 on $85,194 of revenue for the month of December 2010.

At December 31, 2010, the Debtor's balance sheet showed $568,169
in total assets, $1.12 million in total liabilities, and a
stockholders' deficit of $548,561.

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

               http://researcharchives.com/t/s?72bb

Steam Press Holdings, Inc., had no revenue/expense transactions
for the month of December 2010.  At December 31, 2010, the Debtor
had $0 assets, $650 in liabilities, and a stockholders' deficit of
$650.

               http://researcharchives.com/t/s?72bc

USDC Fresno, Inc., and USDC Fresno 2, Inc., share one set of
accounting records.  The Debtors reported a net loss of $13,424 on
$421,012 of revenue for the month of December 2010.

At December 31, 2010, the Debtors' balance sheet showed
$5.09 million in total assets, $239,922 in total liabilities, and
stockholders' equity of $4.85 million.

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

               http://researcharchives.com/t/s?72bd

USDC Portsmouth, Inc.,reported net a net loss of $72,503 on
$269,500 of revenue for the month of December 2010.

At December 31, 2010, the Debtor's balance sheet showed
$1.83 million in total assets, $1.17 million in total liabilities,
and stockholders' equity of $655,613.

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

               http://researcharchives.com/t/s?72be

USDC Tuchman Indiana, Inc., reported a net loss of $50,197 on
$552,543 of revenue for the month of December 2010.

At December 31, 2010, the Debtor's balance sheet showed
$2.80 million in total assets, $895,732 in total liabilities, and
stockholders' equity of $1.90million.

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

               http://researcharchives.com/t/s?72bf

                 About U.S. Dry Cleaning Services

Newport Beach, California-based U.S. Dry Cleaning Services
Corporation (d/b/a US Dry Cleaning Corporation) currently owns and
operates seventy-one (71) dry cleaning stores and three processing
plants in the United States.  USDC and seven of its affiliates
filed for Chapter 11 bankruptcy protection with the U.S.
Bankruptcy Court for the Central District of California on March
4, 2010.  Simon Aron, Esq., and Susan K. Seflin, Esq., at Wolf,
Rifkin, Shapiro, Schulman & Rabkin, LLP, are the attorneys for the
Debtors.

The cases are jointly administered under Enivel, Inc., Case No.
10-12735.

Charles T. Moffitt is the Debtors' Chief Restructuring Officer.
The Company estimated its assets at $1 million to $10 million and
debts at $10 million to $50 million.


WASHINGTON MUTUAL: Posts $55.9 Million Net Loss in December
-----------------------------------------------------------
On January 28, 2011, Washington Mutual, Inc., and WMI Investment
Corp. filed their monthly operating report for December 2010 with
the United States Bankruptcy Court for the District of Delaware.

Washington Mutual reported a net loss of $55.9 million on
negative revenues of $9.3 million for the month of December
2010.  Reorganization items totaled $45.4 million for the month.
Professional fees included in reorganization items totaled
$8.1 million.

At December 31, 2010, Washington Mutual had $6.810 billion in
total assets, $8.390 billion in total liabilities, and a
shareholders' deficit of $1.580 billion.  Washington Mutual ended
December 2010 with $4.536 billion in unrestricted cash and cash
equivalents compared to $4.528 billion in unrestricted cash and
cash equivalents at November 30, 2010.  Washington Mutual paid a
total of $18.3 million in professional fees and reimbursed a total
of $929,795 in professional expenses in December.

WMI Investment reported a net loss of $13,814 on total revenues of
$805 for the month of December.

At December 31, 2010, WMI Investment had $921.37 million in total
assets, $14,825 in post-petition liabilities, and $921.36 million
in stockholders' equity.  WMI Investment ended December with
$276.16 million in cash and cash equivalents, compared to cash and
cash equivalents of $276.03 million at November 30, 2010.

A full-text copy of Washington Mutual and WMI Investment's monthly
operating report for December 2010 is available at:

               http://researcharchives.com/t/s?72b1

                     About Washington Mutual

Based in Seattle, Washington, Washington Mutual Inc. --
http://www.wamu.com/-- is a holding company for Washington Mutual
Bank as well as numerous non-bank subsidiaries.

Washington Mutual Bank was taken over on Sept. 25, 2008, by U.S.
government regulators.  The next day, WaMu and its affiliate, WMI
Investment Corp., filed separate petitions for Chapter 11 relief
(Bankr. D. Del. 08-12229 and 08-12228, respectively).  WaMu owns
100% of the equity in WMI Investment.  When WaMu filed for
protection from its creditors, it disclosed assets of
$32,896,605,516 and debts of $8,167,022,695.  WMI Investment
estimated assets of $500 million to $1 billion with zero debts.

WaMu is represented by Brian Rosen, Esq., at Weil, Gotshal &
Manges LLP in New York City; Mark D. Collins, Esq., at Richards,
Layton & Finger P.A. in Wilmington, Del.; and Peter Calamari,
Esq., and David Elsberg, Esq., at Quinn Emanuel Urquhart Oliver &
Hedges, LLP.  Fred S. Hodera, Esq., at Akin Gump Strauss Hauer &
Fled LLP in New York City and David B. Stratton, Esq., at Pepper
Hamilton LLP in Wilmington, Del., represent the Official Committee
of Unseucred Creditors.  Stephen D. Susman, Esq., at Susman
Godfrey LLP and William P. Bowden, Esq., at Ashby & Geddes, P.A.,
represent the Equity Committee.  Stacey R. Friedman, Esq., at
Sullivan & Cromwell LLP and Adam G. Landis, Esq., at Landis Rath &
Cobb LLP in Wilmington, Del., represent JPMorgan Chase, which
acquired WaMu's assets prior to the Petition Date.

                           *********

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

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

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com by e-mail.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases by individuals and business entities estimating
assets and debts or disclosing assets and liabilities at less than
$1,000,000.  The list includes links to freely downloadable images
of the small-dollar business-related 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.  Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Howard
C. Tolentino, Joseph Medel C. Martirez, Denise Marie Varquez,
Philline Reluya, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R.
Villacampa, Sheryl Joy P. Olano, Carlo Fernandez, Christopher G.
Patalinghug, and Peter A. Chapman, Editors.

Copyright 2011.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $775 for 6 months delivered via e-
mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Christopher
Beard at 240/629-3300.


                  *** End of Transmission ***