TCR_Public/110226.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 26, 2011, Vol. 15, No. 56

                            Headlines

AMERICAN SAFETY: Ends November 2010 With $15,805,000 Cash
AMERICAN SAFETY: Ends December 2010 With $9,257,000 Cash
AMERICANWEST BANCORP: Posts $60,687 Net Loss in January
AMTRUST FINANCIAL: Posts $567,392 Net Loss in December
AMTRUST FINANCIAL: AmFin Insurance Has $1,476,448 Cash at Dec. 31

AMTRUST FINANCIAL: AmFin Properties Ends December With 1,189 Cash
AMTRUST FINANCIAL: AmFin Real Ends December With 2,640,843 Cash
APPLESEED INTERMEDIATE: Files Initial Monthly Operating Report
BARZEL INDUSTRIES: Files Operating Reports From Oct. 31 - Jan. 29
BLOCKBUSTER INC: Posts $11.7 Million Net Loss in December

BROADSTRIPE LLC: Reports $4.17 Million December Net Loss
CATHOLIC CHURCH: Milw. Has $2,988,093 Cash at End of January
CB HOLDING: Reports $3.3 Million January Net Loss
FIRSTFED FINANCIAL: Posts $66,403 Net Loss in January
GENERAL MOTORS: Old GM Has $243,746,000 Cash at Dec. 31

GOTTSCHALKS INC: Has $9,390,000 Cash at January 29
JENNIFER CONVERTIBLES: Posts $629,516 Loss From Oct. 31 - Nov. 27
MOLECULAR INSIGHT: Posts $2.6 Million Net Loss in January
SUMNER REGIONAL: Posts $680,255 Net Loss in December
THOMPSON PUBLISHING: Ends January 2011 With $1,882,636 Cash

TOUSA INC: Ends January 2011 With $503.7 Million Cash

                            *********

AMERICAN SAFETY: Ends November 2010 With $15,805,000 Cash
---------------------------------------------------------
American Safety Razor Company, LLC, ended the month of
December 2010 with $15,805,000 cash.

The Company reported a net loss of $3.0 million on $14.7 million
of sales for the month.

At Dec. 31, 2010, the Debtor's balance sheet showed
$16.7 million in total assets, $15.0 million in total
liabilities, and stockholders' equity of $1.7 million.

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

      http://bankrupt.com/misc/americansafety.nov2010mor.pdf

                    About American Safety Razor

American Safety Razor Company, LLC, doing business as Personna
American Safety Razor, manufactures private-label shaving razors
and blades.  ASR also makes and distributes blades and bladed hand
tools for a variety of industrial uses and specialty industrial
and medical blades.  The Company has roots going back to 1875.

American Safety, along with affiliates, sought Chapter 11 relief
(Bankr. D. Del. Case No. 10-12351) on July 28, 2010.  Mark
J. Thompson, Esq., and Morris J. Massel, Esq., at Simpson Thacher
& Bartlett LLP, serve as bankruptcy attorneys.  Howard A. Cohen,
Esq., at Drinker Biddle & Reath LLP, is co-counsel.  In addition,
Lazard Middle Market LLC is the investment banker and Kurtzman
Carson Consultants LLC is the claims and notice agent.  American
Safety disclosed $204,445,816 in assets and $530,809,101 in
liabilities.

Energizer Holdings Inc., which owns Energizer Battery and other
companies, bought the American Safety Razor Co. plant in Forks of
the River Industrial Park for $3.9 million as part of a
$301 million acquisition of most of American Safety Razor Co.
assets through a bankruptcy sale.

As reported in the Troubled Company Reporter on Dec. 7, 2010,
American Safety Razor Co. completed the $301 million sale of its
assets on Nov. 23 to Energizer Holdings Inc., the maker of Schick
shavers.


AMERICAN SAFETY: Ends December 2010 With $9,257,000 Cash
--------------------------------------------------------
American Safety Razor Company, LLC, ended the month of
December 2010 with $9,257,000 cash.

The Company had no revenue or expense transactions for the month.

At Dec. 31, 2010, the Debtor's balance sheet showed
$10.2 million in total assets, $8.5 million in total
liabilities, and stockholders' equity of $1.7 million.

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

      http://bankrupt.com/misc/americansafety.dec2010mor.pdf

                    About American Safety Razor

American Safety Razor Company, LLC, doing business as Personna
American Safety Razor, manufactures private-label shaving razors
and blades.  ASR also makes and distributes blades and bladed hand
tools for a variety of industrial uses and specialty industrial
and medical blades.  The Company has roots going back to 1875.

American Safety, along with affiliates, sought Chapter 11 relief
(Bankr. D. Del. Case No. 10-12351) on July 28, 2010.  Mark
J. Thompson, Esq., and Morris J. Massel, Esq., at Simpson Thacher
& Bartlett LLP, serve as bankruptcy attorneys.  Howard A. Cohen,
Esq., at Drinker Biddle & Reath LLP, is co-counsel.  In addition,
Lazard Middle Market LLC is the investment banker and Kurtzman
Carson Consultants LLC is the claims and notice agent.  American
Safety disclosed $204,445,816 in assets and $530,809,101 in
liabilities.

As reported in the Troubled Company Reporter on Dec. 7, 2010,
American Safety Razor Co. completed the $301 million sale of its
assets on Nov. 23 to Energizer Holdings Inc., the maker of Schick
shavers.


AMERICANWEST BANCORP: Posts $60,687 Net Loss in January
-------------------------------------------------------
On Feb. 15, 2011, AmericanWest Bancorporation filed with the
U.S. Bankruptcy Court for the Eastern District of Washington the
Company's monthly operating report for January 2011.

The Debtor reported a net loss of $60,687 for the month of
January.  The net loss for the month of December was $250,699.

At Jan. 31, 2011, the Debtor had total assets of $7.3 million,
total liabilities of $47.6 million, and a stockholders' deficit of
$40.2 million.  The book balance of cash at Jan. 31, 2011, was
$5.9 million compared to $6.1 million at Dec. 31, 2010.

The Debtor paid $136,589 in Special Counsel fees and $41,092 in
Debtor's Counsel fees in January.

On Dec. 9, 2010, the Bankruptcy Court approved the sale of
substantially all of the assets of the estate for $6.5 million,
which is the net amount the Debtor received.  The sale closed on
Dec. 20, 2010.  The Debtor expects to file a plan to distribute
the sale proceeds by Feb. 25, 2011.

A full-text copy of the January 2011 monthly operating report is
available for free at http://researcharchives.com/t/s?739f

                About AmericanWest Bancorporation

Headquartered in Spokane, Washington, AmericanWest Bancorporation
(OTC BB: AWBC) -- http://www.awbank.net/-- is a bank holding
company whose principal subsidiary is AmericanWest Bank, which
includes Far West Bank in Utah operating as an integrated division
of AmericanWest Bank.  AmericanWest Bank is a community bank with
58 financial centers located in Washington, Northern Idaho and
Utah.

AmericanWest Bancorporation filed for Chapter 11 protection on
Oct. 28, 2010 (Bankr. E.D. Wash. Case No. 10-06097).  The banking
subsidiary was not including in the Chapter 11 filing.

Christopher M. Alston, Esq., and Dillon E. Jackson, Esq., at
Foster Pepper Shefelman PLLC, in Seattle, Washington, serve as
bankruptcy counsel.  G. Larry Engel, Esq., at Morrison & Foerster
LLP, also serve as counsel.

The Debtor estimated assets of $1 million to $10 million and debts
of $10 million to $50 million in its Chapter 11 petition.
AmericanWest Bancorporation's estimates exclude its banking unit's
assets and debts.  In its latest Form 10-Q filed with the
Securities and Exchange Commission, AmericanWest Bancorporation
reported consolidated assets -- including its bank unit's -- of
$1.536 billion and consolidated debts of $1.538 billion as of
Sept. 30, 2010.

In December 2010, AmericanWest Bancorporation completed the sale
of all outstanding shares of its wholly-owned subsidiary,
AmericanWest Bank, to a wholly owned subsidiary of SKBHC Holdings
LLC, in a transaction approved by the U.S. Bankruptcy Court.


AMTRUST FINANCIAL: Posts $567,392 Net Loss in December
------------------------------------------------------
AmTrust Financial Corp., nka AmFin Financial Corporation, reported
a net loss of $567,392 for December 2010.

At Dec. 31, 2010, the Debtor had total assets of $102.7 million,
total postpetition liabilities of $1.7 million, total prepetition
liabilities of $156.9 million, and a stockholders' deficit of
$55.9 million.  The Debtor ended the period with $189,779 in cash,
from $57,346 at Nov. 30, 2010.

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

      http://bankrupt.com/misc/amfinfinancial.dec2010mor.pdf

                     About AmTrust Financial

AmTrust Financial Corp (PINK: AFNL) was the owner of the AmTrust
Bank.  AmTrust was the seventh-largest holder of deposits in South
Florida, with $4.7 billion in deposits and 21 branches.

In November 2008, the Office of Thrift Supervision issued a cease
and desist order requiring AmTrust to improve its capital ratios.

AmTrust Financial, together with affiliates that include AmTrust
Management Inc., filed for Chapter 11 bankruptcy protection on
November 30, 2009 (Bankr. N.D. Ohio Case No. 09-21323).  G.
Christopher Meyer, Esq., Christine M. Piepont, Esq., and Sherri L.
Dahl, Esq., at Squire Sanders & Dempsey (US) LLP, in Cleveland,
Ohio; and Stephen D. Lerner, Esq., at Squire Sanders & Dempsey
(US) LLP, in Cincinnati, Ohio, assist the Debtors in their
restructuring effort.  Kurtzman Carson Consultants serves as
claims and notice agent.  Attorneys at Hahn Loeser & Parks LLP
serve as counsel to the Official Committee of Unsecured Creditors.

AmTrust Management estimated $100 million to $500 million in
assets and liabilities in its Chapter 11 petition.

AmTrust Bank was not part of the Chapter 11 filings.  On Dec. 4,
2009, AmTrust Bank was closed by regulators and the Federal
Deposit Insurance Corporation was named receiver.  New York
Community Bank, in Westbury, New York, assumed all of the deposits
of AmTrust Bank pursuant to a deal with the FDIC.


AMTRUST FINANCIAL: AmFin Insurance Has $1,476,448 Cash at Dec. 31
-----------------------------------------------------------------
AmTrust Insurance Agency Inc., nka AmFin Insurance Agency Inc.,
had no income and expense transactions in December 2010.

At Dec. 31, 2010, the Debtor had total assets of $1.8 million,
total postpetition liabilities of $119,786, total prepetition
liabilities of $902,146, and stockholders' equity of $739,605.
The Debtor ended the period with $1,476,448 in cash, from
$1,476,112 at Nov. 30, 2010.

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

      http://bankrupt.com/misc/amfininsurance.dec2010mor.pdf

                     About AmTrust Financial

AmTrust Financial Corp (PINK: AFNL) was the owner of the AmTrust
Bank.  AmTrust was the seventh-largest holder of deposits in South
Florida, with $4.7 billion in deposits and 21 branches.

In November 2008, the Office of Thrift Supervision issued a cease
and desist order requiring AmTrust to improve its capital ratios.

AmTrust Financial, together with affiliates that include AmTrust
Management Inc., filed for Chapter 11 bankruptcy protection on
November 30, 2009 (Bankr. N.D. Ohio Case No. 09-21323).  G.
Christopher Meyer, Esq., Christine M. Piepont, Esq., and Sherri L.
Dahl, Esq., at Squire Sanders & Dempsey (US) LLP, in Cleveland,
Ohio; and Stephen D. Lerner, Esq., at Squire Sanders & Dempsey
(US) LLP, in Cincinnati, Ohio, assist the Debtors in their
restructuring effort.  Kurtzman Carson Consultants serves as
claims and notice agent.  Attorneys at Hahn Loeser & Parks LLP
serve as counsel to the Official Committee of Unsecured Creditors.

AmTrust Management estimated $100 million to $500 million in
assets and liabilities in its Chapter 11 petition.

AmTrust Bank was not part of the Chapter 11 filings.  On Dec. 4,
2009, AmTrust Bank was closed by regulators and the Federal
Deposit Insurance Corporation was named receiver.  New York
Community Bank, in Westbury, New York, assumed all of the deposits
of AmTrust Bank pursuant to a deal with the FDIC.


AMTRUST FINANCIAL: AmFin Properties Ends December With 1,189 Cash
-----------------------------------------------------------------
AmTrust Properties Inc., nka AmFin Properties Inc., had no income
and expense transactions for December 2010.

At Dec. 31, 2010, the Debtor had total assets of $1.7 million,
total postpetition liabilities of $1,000, total prepetition
liabilities of $7.6 million, and a stockholders' deficit of
$5.9 million.  The Debtor ended the period with $1,189 in cash,
unchanged from Nov. 30, 2010.

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

     http://bankrupt.com/misc/amfinproperties.dec2010mor.pdf

                     About AmTrust Financial

AmTrust Financial Corp (PINK: AFNL) was the owner of the AmTrust
Bank.  AmTrust was the seventh-largest holder of deposits in South
Florida, with $4.7 billion in deposits and 21 branches.

In November 2008, the Office of Thrift Supervision issued a cease
and desist order requiring AmTrust to improve its capital ratios.

AmTrust Financial, together with affiliates that include AmTrust
Management Inc., filed for Chapter 11 bankruptcy protection on
November 30, 2009 (Bankr. N.D. Ohio Case No. 09-21323).  G.
Christopher Meyer, Esq., Christine M. Piepont, Esq., and Sherri L.
Dahl, Esq., at Squire Sanders & Dempsey (US) LLP, in Cleveland,
Ohio; and Stephen D. Lerner, Esq., at Squire Sanders & Dempsey
(US) LLP, in Cincinnati, Ohio, assist the Debtors in their
restructuring effort.  Kurtzman Carson Consultants serves as
claims and notice agent.  Attorneys at Hahn Loeser & Parks LLP
serve as counsel to the Official Committee of Unsecured Creditors.

AmTrust Management estimated $100 million to $500 million in
assets and liabilities in its Chapter 11 petition.

AmTrust Bank was not part of the Chapter 11 filings.  On Dec. 4,
2009, AmTrust Bank was closed by regulators and the Federal
Deposit Insurance Corporation was named receiver.  New York
Community Bank, in Westbury, New York, assumed all of the deposits
of AmTrust Bank pursuant to a deal with the FDIC.


AMTRUST FINANCIAL: AmFin Real Ends December With 2,640,843 Cash
---------------------------------------------------------------
AmTrust Real Estate Investments Inc., nka AmFin Real Estate
Investments Inc., reported a net loss of $4,684 for December 2010.

At Dec. 31, 2010, the Debtor had total assets of $103.9 million,
total postpetition liabilities of $599,746, total prepetition
liabilities of $137.5 million, and a stockholders' deficit of
$34.1 million.  The Debtor ended the period with $2,640,843 in
cash, from $3,323,801 at Nov. 30, 2010.

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

     http://bankrupt.com/misc/amfinrealestate.dec2010mor.pdf

                     About AmTrust Financial

AmTrust Financial Corp (PINK: AFNL) was the owner of the AmTrust
Bank.  AmTrust was the seventh-largest holder of deposits in South
Florida, with $4.7 billion in deposits and 21 branches.

In November 2008, the Office of Thrift Supervision issued a cease
and desist order requiring AmTrust to improve its capital ratios.

AmTrust Financial, together with affiliates that include AmTrust
Management Inc., filed for Chapter 11 bankruptcy protection on
November 30, 2009 (Bankr. N.D. Ohio Case No. 09-21323).  G.
Christopher Meyer, Esq., Christine M. Piepont, Esq., and Sherri L.
Dahl, Esq., at Squire Sanders & Dempsey (US) LLP, in Cleveland,
Ohio; and Stephen D. Lerner, Esq., at Squire Sanders & Dempsey
(US) LLP, in Cincinnati, Ohio, assist the Debtors in their
restructuring effort.  Kurtzman Carson Consultants serves as
claims and notice agent.  Attorneys at Hahn Loeser & Parks LLP
serve as counsel to the Official Committee of Unsecured Creditors.

AmTrust Management estimated $100 million to $500 million in
assets and liabilities in its Chapter 11 petition.

AmTrust Bank was not part of the Chapter 11 filings.  On Dec. 4,
2009, AmTrust Bank was closed by regulators and the Federal
Deposit Insurance Corporation was named receiver.  New York
Community Bank, in Westbury, New York, assumed all of the deposits
of AmTrust Bank pursuant to a deal with the FDIC.


APPLESEED INTERMEDIATE: Files Initial Monthly Operating Report
--------------------------------------------------------------
Appleseed's Intermediate Holdings LLC filed on Feb. 4, 2011, its
initial monthly operating report.

The Debtor submitted a 13-week Cash Flow Projection for the weeks
ending Jan. 21, 2011, through April 15, 2011.

A copy of the initial monthly operating report is available for
free at http://bankrupt.com/misc/appleseed.initialmor.pdf

                 About Appleseed's Intermediate

Based in Beverly, Massachusetts, Appleseed's Intermediate Holdings
LLC, aka Appleseed's Intermediate Holdings, Inc., aka Orchard
Brands sells clothing to people 55 and older.  Orchard Brands has
17 brands including Appleseed's, Draper's & Damon's, Gold Violin,
Haband and Norm Thompson.  It publishes catalogs and has stores
under its Appleseed's and Draper's & Damon's brands.  It has
annual sales of about $1 billion and earnings before interest,
taxes, depreciation and amortization are about $50 million,
sources said told Bloomberg.

Appleseed's is owned by Golden Gate Capital Corp., which also
holds stakes in retailers Express Inc., Eddie Bauer Holdings Inc.
and Zale Corp.

Appleseed's Intermediate and its affiliates filed for Chapter 11
bankruptcy protection (Bankr. D. Del. Lead Case No. 11-10160) on
Jan. 19, 2011.  Richard M. Cieri, Esq., Joshua A. Sussberg, Esq.,
at Brian E. Schartz, at Kirkland & Ellis LLP, serve as the
Debtors' bankruptcy counsel.  Domenic E. Pacitti, Esq., at Klehr
Harrison Harvey Branzburg LLP, serves as local counsel to the
Debtors.  Moelis & Company LLC is the Debtors' investment banker
and financial advisor.  Alvarez & Marshal North America, LLC, is
the Debtors' restructuring advisor.  Pricewaterhousecoopers LLP is
the Debtors' independent auditor.  Kurtzman Carson Consultants LLC
is the notice, claims and balloting agent.  Appleseed's
Intermediate estimated assets at $100 million to $500 million and
debts at $500 million to $1 billion in its Chapter 11 petition.


BARZEL INDUSTRIES: Files Operating Reports From Oct. 31 - Jan. 29
-----------------------------------------------------------------
Barzel Industries, Inc., et al., filed on Feb. 18, 2011, their
monthly operating reports for the filing period Oct. 31, 2010,
through Nov. 27, 2010, the filing period Nov. 28, 2010, through
Dec. 25, 2010, and the filing period Dec. 26, 2010, through
Jan. 29, 2011.

Barzel Industries had no revenue and expense transactions for the
period Dec. 26, 2010, through Jan. 29, 2011.

At Jan. 29, 2011, Barzel Industries had $128.7 million in total
assets, $699,734 in total liabilities, and stockholders' equity of
$128.0 million.

American Steel and Aluminum Corporation reported a net loss of
$104,929 on zero revenues for the period Dec. 26, 2010, through
Jan. 29, 2011.

At Jan. 29, 2011, American Steel and Alumiinum Corporation had
$73.8 million in total assets, $35.4 million in total liabilities,
and stockholders' equity of $38.4 million.

A copy of the Debtors' monthly operating reports for the Dec. 26,
2010, through Jan. 29, 2011 period is available for free at:

          http://bankrupt.com/misc/barzel.jan2011mor.pdf

Barzel Industries had no revenue and expense transactions for the
period Nov. 28, 2010, through Dec. 25, 2010.

American Steel and Aluminum Corporation reported a net loss of
$589,333 on zero revenues for the period Nov. 28, 2010, through
Dec. 25, 2010.

A copy of the Debtors' monthly operating report for the Nov. 28,
2010, through Dec. 25, 2010 period is available for free at:

          http://bankrupt.com/misc/barzel.dec2010mor.pdf

Barzel Industries had no revenue and expense transactions for the
period Nov. 28, 2010, through Dec. 25, 2010.

American Steel and Aluminum Corporation reported a net loss of
$215,585 on zero revenues for the period Nov. 28, 2010, through
Dec. 25, 2010.

A copy of the Debtors' monthly operating reports for the Oct. 31,
2010, through Nov. 27, 2010 period is available for free at:

          http://bankrupt.com/misc/barzel.nov2010mor.pdf

                     About Barzel Industries

Norwood, Massachusetts-based Barzel Industries, Inc., was in the
business of processing and distributing steel.  The Company
manufactured steel for the construction and industrial
manufacturing industries, and produces finished commercial racking
products.

Barzel Industries -- aka Novamerican Steel Inc. and Symmetry
Holdings Inc. -- and seven affiliates filed for Chapter 11 on
September 15, 2009 (Bankr. D. Del. Case No. 09-13204). Judge
Christopher S. Sontchi presides over the cases. J. Kate Stickles,
Esq., at Cole, Schotz, Meisel, Forman & Leonard, in Wilmington,
Delaware, and Karen M. McKinley, Esq., and Norman L. Pernick,
Esq., at Cole Scholtz Meisel Forman Leonard, P.A., in Wilmington,
Delaware, serve as the Debtors' legal counsel.

On the same day, Barzel Industries filed applications for relief
under the Canadian Companies' Creditors Arrangement Act in the
Ontario Superior Court of Justice -- Commercial List.

Barzel Industries recorded assets of $370,145,000 against debts of
$375,412,000 as of May 30, 2009.

Barzel sold most of the assets in November 2009 for $75 million to
Norwood, Massachusetts-based Chriscott USA Inc.  Secured lenders
agreed to a settlement later where they received a release of
claims in return for giving up $800,000.


BLOCKBUSTER INC: Posts $11.7 Million Net Loss in December
---------------------------------------------------------

                   Blockbuster Inc., et al.
                         Balance Sheet
                     As of January 2, 2011
                         (In Millions)

Assets

Current assets:
  Cash and cash equivalents                                $66.2
  Receivables, less allowances                              35.3
  Receivables from non-debtor subsidiaries                  27.6
  Merchandise inventories                                  100.3
  Rental library, net                                      188.7
  Prepaid and other current assets                          84.3
                                                         -------
Total current assets                                       502.4

Property and equipment, net                                125.2
Deferred income taxes                                       77.0
Investment in non-debtor subsidiaries                      280.0
Intangibles, net                                             4.8
Restricted cash                                             34.3
Other assets                                                38.0
                                                         -------
Total Assets                                            $1,061.7
                                                         =======

Liabilities and Stockholders' Equity (Deficit)
Current liabilities:
  Accounts payable                                        $145.8
  Accrued expenses                                         194.4
  Debtor-in-possession loan                                    -
  Deferred income taxes                                     77.0
                                                         -------
Total current liabilities                                  417.2

Other liabilities                                           12.1
                                                         -------
                                                           429.3
Liabilities subject to compromise                        1,174.8
                                                         -------
                                                         1,604.1

Total stockholders' equity (deficit)                      (542.4)
                                                         -------
                                                        $1,061.7
                                                         =======

                   Blockbuster Inc., et al.
                    Statement of Operations
             For the month ending January 2, 2011
                         (In Millions)

Revenues:
  Base rental revenues                                    $139.9
  Previously rented product revenues                        28.8
                                                         -------
  Total rental revenues                                    168.7

  Merchandise sales                                         32.8
  Other revenues                                             5.0
                                                         -------
                                                           206.5
Cost of sales:
  Cost of rental revenues                                   57.2
  Cost of merchandise sold                                  28.2
                                                         -------
  Total cost of sales                                       85.4
                                                         -------
Gross profit                                               121.1

Operating expenses:
  General and administrative                               108.4
  Advertising                                               14.8
  Depreciation and intangible amortization                   5.2
  Impairment of goodwill and other
     long-lived assets                                      18.8
                                                         -------
                                                           147.2
                                                         -------
Operating income (loss)                                    (26.1)

Interest expense                                             0.5
Interest income                                                -
Other items, net                                             0.5
                                                         -------
Income (loss) from continuing operations                   (27.1)
  before income taxes

Reorganization items, net (income)/loss                     (6.1)
Benefit (provision) for income taxes                           -
Equity in income of non-debtor subsidiaries                 (9.3)
                                                         -------
Income (loss) from continuing operations                   (11.7)

Income (loss) from discontinued operations                     -
                                                         -------
Net income (loss)                                          (11.7)
  Preferred stock dividends                                   -
                                                         -------
Net income (loss) applicable to                           ($11.7)
  common stockholders                                    =======

                   Blockbuster Inc., et al.
          Schedule of Cash Receipts and Disbursements
             For the month ending January 2, 2011
                         (In Millions)

Cash flows from operating activities:
  Net income (loss)                                       ($11.7)
  Adjustments to reconcile net income (loss)
  to net cash provided by (used in)
  operating activities:
     Depreciation and intangible amortization                5.2
     Rental library purchases                               (9.6)
     Rental library amortization                            20.7
     Loss on sale of store operations                          -
     Impairment of long-lived assets                        18.8
     Non-cash share-based compensation                       0.2
     Gain on sale of store operations                          -
     Deferred taxes and other                                0.7
     Reorganization items, net of cash payments             (5.7)

  Changes in operating assets and liabilities:
     Change in receivables                                  (5.3)
     Change in merchandise inventories                      11.5
     Change in prepaid and other assets                    (14.2)
     Change in accounts payable                             26.9
     Change in accrued expenses and
        other liabilities                                   (3.5)
                                                         -------
Net cash provided by (used in)                              34.0
  operating activities

Cash flows from investing activities:
Capital expenditures                                        (2.2)
Change in restricted cash                                      -
Proceeds from sale of store operations                      (3.3)
Other investing activities                                   0.1
                                                         -------
Net cash provided by (used in)                              (5.4)
investing activities

Cash flows from financing activities:
  Proceeds from DIP Financing                               20.0
  Repayments on DIP Financing                              (43.3)
  Repayments on senior secured notes                           -
  Debt financing costs                                         -
  Capital lease payments                                    (0.2)
                                                         -------
Net cash provided by (used in)                             (23.5)
  financing activities

Effect of exchange rate changes on cash                        -
                                                         -------
Net decrease in cash and cash equivalents                    5.1
Cash and cash equivalents at beginning of period            61.1
                                                         -------
Cash and cash equivalents at end of period                 $66.2
                                                         =======

                     About Blockbuster Inc.

Based in Dallas, Texas, Blockbuster Inc. (Pink Sheets: BLOKA,
BLOKB) -- http://www.blockbuster.com/-- is a global provider of
rental and retail movie and game entertainment.  It has a library
of more than 125,000 movie and game titles.

Blockbuster Inc. and 12 U.S. affiliates initiated Chapter 11
bankruptcy proceedings with a pre-arranged reorganization plan
in Manhattan on September 23, 2010 (Bankr. S.D.N.Y. Case No.
10-14997).  It disclosed assets of $1 billion and debts of
$1.4 billion at the time of the filing.

Martin A Sosland, Esq., and Stephen Karotkin, Esq., at Weil,
Gotshal & Manges, serve as counsel to the Debtors.  Rothschild
Inc. is the financial advisor.  Alvarez & Marsal is the
restructuring advisor with A&M managing director Jeffery J.
Stegenga as chief restructuring officer.  Kurtzman Carson
Consultants LLC is the claims and notice agent.

A steering group of senior secured noteholders is represented by
James P. Seery, Esq., and Paul S. Caruso, Esq., at Sidley Austin
LLP.  U.S. Bank National Association as trustee and collateral
agent for the senior secured notes is represented by David
McCarty, Esq., and Kyle Mathews, Esq., at Sheppard Mullin Richter
& Hampton LLP.  BDO Consulting is the financial advisor for U.S.
Bank.

Lenders led by Wilmington Trust FSB are providing the DIP
financing.  The DIP Agent is represented by Peter Neckles, Esq.
and Alexandra Margolis, Esq., at Skadden, Arps, Slate, Meagher &
Flom LLP, in New York.

The Official Committee of Unsecured Creditors has retained Cooley
LLP as its counsel.

Blockbuster's non-U.S. operations and its domestic and
international franchisees, all of which are legally separate
entities, were not included in the filings and are not parties to
the Chapter 11 proceedings.

In its latest monthly operating report filed with the
Bankruptcy Court, Blockbuster disclosed $1.066 billion in
assets, $422.2 million in liabilities not subject to compromise
and $1.165 billion in liabilities subject to compromise, and a
deficit of $533.8 million as of Nov. 28, 2010.

Bankruptcy Creditors' Service, Inc., publishes BLOCKBUSTER
BANKRUPTCY NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by Blockbuster Inc. and its units.
(http://bankrupt.com/newsstand/or 215/945-7000)


BROADSTRIPE LLC: Reports $4.17 Million December Net Loss
--------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Broadstripe LLC reported a net loss of
$4.17 million in December on sales of $7.77 million.  Depreciation
and amortization in the month was $2.04 million.  Senior debt
interest expense and reorganization costs were $3.59 million and
$1.57 million, respectively,

                       About Broadstripe LLC

Headquartered in Chesterfield, Missouri, Broadstripe LLC --
http://www.broadstripe.com/-- provides videos and telephone
services to consumers and business in Maryland, Michigan,
Washington and Oregon.  The Company and five of its affiliates
filed for Chapter 11 protection (Bankr. D. Del. Case No. 09-10006)
on Jan. 2, 2009.  Attorneys at Ashby & Geddes, and Gardere Wynne
Sewell LLP represent the Debtors in their restructuring efforts.
The Debtors tapped FTI Consulting Inc. as their restructuring
consultant, and Epiq Bankruptcy Consultants LLC as their claims
agent.  In its petition, Broadstripe estimated assets and debts
between $100 million and $500 million.

Broadstripe has been in Chapter 11 more than 18 months thus any
creditor can file a plan.


CATHOLIC CHURCH: Milw. Has $2,988,093 Cash at End of January
------------------------------------------------------------

                   Archdiocese of Milwaukee
                Statement of Financial Position
                    As of January 31, 2011

Current Assets
  Cash and cash equivalents                          $2,988,093
  Short-term investments                              5,931,565
  Accounts receivables                                5,592,199
  Notes receivable                                      833,392
  Other Assets                                          616,938
                                                     ----------
     Total Current Assets                            15,962,189

Ground burial & mausoleum crypt sites                 6,201,508
Property and equipment, net                           4,929,176

Investments and Other Assets
  Long-term investments                              12,864,551
  Cemeteries Pre-Need Trust Fund Acct                 3,201,582
  Charitable gift annuities invest.                     732,955
  Other Assets                                          315,470
                                                     ----------
  Total Investments and Other Assets                 17,114,560
                                                     ----------
                                                    $44,207,434
     TOTAL ASSETS                                    ==========

Current Liabilities
  Current maturities of charitable
     gift annuities                                          $0
  Accounts payable                                      223,839
  Accrued expenses                                    1,520,873
  Contributions payable C.S.A.                        2,657,224
                                                     ----------
  Total Current Liabilities                           4,401,936

Deferred revenue                                      3,406,266

Prepetition Debt
  Accrued post-retirement and
     pension benefits                                14,862,955
  Contractual contributions payable                   2,760,769
  Pre-Chapter 11 payables                               471,773
  Note payable                                        4,650,000
  Charitable gift annuities                             580,768
                                                     ----------
  Total Liabilities                                  23,326,265
                                                     ----------
  Total Liabilities                                  31,134,469

  Unclassified - Prepetition Operations                (209,141)
  Unclassified - postpetition Operations             (1,095,701)

  Unrestricted - Current Year                                 -
  Unrestricted - Prior Year                           1,566,138
                                                     ----------
  Total Undesignated operating (deficit)              1,566,138

  Designated Current Year                                     -
  Designated Prior Year                               6,480,976
                                                     ----------
  Total Designated                                    6,480,976
                                                     ----------
  Total Unrestricted                                  8,047,115

  Temporarily restricted Current Year                         -
  Temporarily restricted Prior Year                   2,614,326
                                                     ----------
  Total Temporarily Restricted                        2,614,326

  Permanently restricted Current Year                         -
  Permanently restricted Prior Year                   3,716,366
                                                     ----------
  Total Permanently Restricted                        3,716,366
                                                     ----------
  Total Net Assets                                   13,072,964
                                                     ----------
  Total Liabilities and Net Assets                  $44,207,434
                                                     ==========

Note: Invested funds held for others totaled $2,857,032.

                   Archdiocese of Milwaukee
                    Statement of Activities
             For the month ending January 31, 2011

CHANCERY
Support and Revenue
  Contributions                                        $234,269
  Parish assessments                                          -
  Parish assessments adj. to budget                           -
  Tuition and fees                                       33,876
  Activities and programs                                 2,313
  Miscellaneous revenues                                152,666
  Net assets released from restrictions                       -
                                                     ----------
  Total Support and Revenue                             423,125

CHANCERY OPERATING EXPENSES
  Payroll and fringe benefits                           597,477
  Maintenance, insurance, utility costs                  75,369
  Travel and education                                   20,993
  Supplies and services                                  89,198
  Assessments                                            29,991
  Purchased services                                    171,310
  Professional services                                 148,608
  Charity and donations                                 256,386
  Miscellaneous expenses                                 96,413
  Pension related changes other than NPPC                     -
                                                     ----------
  Total Operating Expenses                            1,485,749

  Chancery income before fixed assets,               ----------
     non-operations gain (loss), and                 (1,062,623)
     extraordinary expense

FIXED ASSETS
  Fixed asset purchases                                       -
  Depreciation expense                                  (17,880)
  Impairment of leasehold improvements                        -
  Gain(loss) on sale of property and
     equipment, net                                           -
                                                     ----------
  Total Fixed Asset Expense (Income)                    (17,880)

NON-OPERATING ACTIVITIES
  Investment income                                     (21,312)
  Net realized gains(losses)                                425
  Net unrealized gains(losses)                           26,215
  Interest expense                                      (21,021)
  Other non-operating revenues(expenses)                      -
                                                     ----------
  Total non-operating activities                        (15,693)
                                                     ----------
  Extraordinary events, net                                   -
                                                     ----------
Chancery net gain(loss)                              (1,096,197)

Reimbursed operations net gain(loss)                    (18,231)
                                                     ----------
Change in net assets before cumulative               (1,114,428)
  effect and cemetery operations

Cumulative effect of change in                                -
  accounting principle
                                                     ----------
Chancery change in net assets                        (1,114,428)

Cemetery operations
  Cemetery gain(loss)                                    18,726
                                                     ----------
Cemetery change in net assets                            18,726
                                                     ----------
Total change in net assets                          ($1,095,701)
                                                     ==========

                   Archdiocese of Milwaukee
                         Cash Receipts
             For the month ending January 31, 2011

Receipt Category
  Contributions                                        $296,915
  Assessments                                                 -
  Tuition and fees                                       35,335
  Cemetery cash receipts/transfers                      230,062
  Investment income                                           -
  Realized gains                                              -
  Gains on sales and fixed assets                             -
  Miscellaneous revenues                                126,650
  Clearing                                               25,412
  A/R & N/R payments                                    793,909
                                                     ----------
  Total Receipts                                     $1,508,285

Notes: Funds transferred in from other
      Archdiocesan accounts                          $3,597,500
      Funds held for others                               5,376
                                                     ==========

                   Archdiocese of Milwaukee
                      Cash Disbursements
             For the month ending January 31, 2011

Disbursements Category
  Salary and wages                                     $462,194
  Payroll taxes                                         183,165
  Employee benefits                                     281,942
  Employee withholdings                                  74,873
  Facility and operating                                 16,887
  Travel and education                                   22,238
  Supplies                                               63,419
  Assessments                                            29,991
  Purchased services                                     36,114
  Legal                                                       -
  Professional                                                -
  Grants                                                256,021
  Interest and bank fees                                 31,914
  Other                                                  25,665
  Reimbursed expense                                     48,218
  Clearing                                                5,403
  Fee assistance                                            274
                                                     ----------
  Total Disbursements                                $1,538,327

Notes: Funds transferred in from other
      Archdiocesan accounts                          $1,997,500
      Funds held for others                              46,451
                                                     ==========

              About the Archdiocese of Milwaukee

The Diocese of Milwaukee was established on November 28, 1843, and
was elevated to an Archdiocese on February 12, 1875, by Pope Pius
IX.  The region served by the Archdiocese consists of 4,758 square
miles in southeast Wisconsin which includes counties Dodge, Fond
du Lac, Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth,
Washington and Waukesha.  There are 657,519 registered Catholics
in the Region.

The Catholic Archdiocese of Milwaukee, in Wisconsin, filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Wisc. Case No.
11-20059) on January 4, 2011, to address claims over sexual abuse
by priests on minors.

The Archdiocese became at least the eighth Roman Catholic diocese
in the U.S. to file for bankruptcy to settle claims from current
and former parishioners who say they were sexually molested by
priests.

Daryl L. Diesing, Esq., at Whyte Hirschboeck Dudek S.C., in
Milwaukee, Wisconsin, serves as the Archdiocese's counsel.
Kurtzman Carson Consultants LLC is the Debtor's notice, plan
solicitation, and balloting agent.  The Official Committee of
Unsecured Creditors appointed in the case has tapped Pachulski
Stang Ziehl & Jones LLP as counsel and n Howard, Solochek & Weber,
S.C., as its local counsel.

The Archdiocese estimated assets and debts of $10 million to
$50 million in its Chapter 11 petition.

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


CB HOLDING: Reports $3.3 Million January Net Loss
-------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the owner of Charlie Brown's Steakhouse reported a
$3.3 million net loss for the month ended Jan. 23 on sales of
$5.9 million.  Earnings before interest, taxes, depreciation and
amortization were $539,000. Interest expense in the month was
$2.7 million.

                         About CB Holding

New York-based CB Holding Corp. operated 20 Charlie Brown's
Steakhouse, 12 Bugaboo Creek Steak House, and seven The Office
Beer Bar and Grill restaurants when it filed for bankruptcy
protection.  The Company closed 47 locations before filing for
Chapter 11.

Following a bankruptcy auction, CB Holding sold its The Office
restaurant chain to winning bidder Villa Enterprises Ltd. for
$4.68 million.

Landry's Restaurants has signed a deal to acquire the 12 Bugaboo
Creek stores for $3 million, plus upward adjustments for cash and
inventory in the stores at closing, absent higher and better
offers at a March 7 auction.

CB Holding and its affiliates filed for Chapter 11 bankruptcy
protection on Nov. 17, 2010 (Bankr. D. Del. Case No. 10-13683).
Christopher M. Samis, Esq., and Mark D. Collins, Esq., at
Richards, Layton & Finger, P.A., assist the Debtors in their
restructuring effort.  The Garden City Group, Inc., is the
Debtors' notice, claims and solicitation agent.  Jeffrey N.
Pomerantz, Esq., Jason S. Pomerantz, Esq., and Bradford J.
Sandler, Esq., at Pachulski Stang Ziehl & Jones LLP, represent the
Official Committee of Unsecured Creditors.  CB Holding estimated
its assets at $100 million to $500 million and debts at
$50 million to $100 million.

                           *     *     *

According to the Troubled Company Reporter on Feb. 11, 2011, CB
Holding received an order from Bankruptcy Judge Mary Walrath
extending its exclusive periods to file and secure support for a
Chapter 11 plan.  The exclusive time for the Debtor to file a plan
of reorganization has been extended to June 15.  The Debtor has
until Aug. 12 to solicit support for the plan.  The order is
without prejudice for a request by the Debtor for another
extension.


FIRSTFED FINANCIAL: Posts $66,403 Net Loss in January
-----------------------------------------------------
FirstFed Financial Corp. filed on Feb. 15, 2011, a monthly
operating report for January 2011 with the U.S. Bankruptcy Court
for the Central District of California, Los Angeles Division.  The
report is unaudited and is not presented in accordance with
generally accepted accounting principles in the United States.

The Company reported a net loss of $66,403 for the period.

At Jan. 31, 2011, the Company had $3.96 million in total
assets, $159.62 million in total liabilities, and a stockholders'
deficit of $155.66 million.  The Company ended the period with
$3,795,440 in unrestricted cash.

A full-text copy of the January 2011 monthly operating report is
available for free at http://researcharchives.com/t/s?73a0

                      About FirstFed Financial

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

FirstFed Financial Corp. filed for Chapter 11 protection on
Jan. 6, 2010 (Bankr. C.D. Calif. Case No. 10-10150).  Jon L.
Dalberg, Esq., at Landau Gottfried & Berger LLP, represents the
Debtor in its restructuring efforts.  Garden City Group is the
claims and notice agent.  The Debtor disclosed assets at
$1 million and $10 million, and debts at $100 million and
$500 million.


GENERAL MOTORS: Old GM Has $243,746,000 Cash at Dec. 31
-------------------------------------------------------

              Motors Liquidation Company, et al.
     Unaudited Condensed Combined Statement of Net Assets
                  As of December 31, 2010

ASSETS:
Cash and cash equivalents                          $243,746,000
Short term investments in U.S. Treasury securities  346,140,000
Due from affiliates                                      20,000
Prepaid expenses                                      1,962,000
Other current assets                                 23,499,000
                                              -----------------
Total Current Assets                               615,367,000

Property, plant and equipment
Land and building                                   79,878,000
Machinery and equipment                             31,249,000
                                              -----------------
Total property, plant and equipment                111,127,000

Investment in GMC                                             -
Investments in U.S. Treasury securities             346,757,000
Restricted cash                                      71,886,000
Other assets                                            215,000
                                              -----------------
Total Assets                                     $1,145,352,000
                                              =================

LIABILITIES:
DIP Financing                                    $1,252,184,000
Accounts payable                                      6,091,000
Due to GM LLC                                           906,000
Due to affiliates                                       959,000
Accrued sales, use and other taxes                    3,378,000
Accrued professional fees                            26,630,000
Environmental reserves                              523,784,000
Other accrued liabilities                            14,218,000
                                              -----------------
Total current liabilities                        1,828,150,000

Liabilities subject to compromise                35,020,222,000
                                              -----------------
Total Liabilities                                36,848,372,000
                                              -----------------
Net Assets (Liabilities)                       ($35,703,020,000)
                                              =================

            Motors Liquidation Company, et al.
    Unaudited Condensed Combined Statement of Operations
             For the Month Ended December 31, 2010

Rental and other income                                $774,000
Selling, administrative and other expenses            2,077,000
                                              -----------------
Operating loss                                       (1,303,000)

Interest expense                                      5,391,000
Interest income                                        (940,000)
                                              -----------------
Loss before reorganization items
& income taxes                                      (5,754,000)

Reorganization items (gain)/loss                      7,037,000
                                              -----------------
Income (Loss) before income taxes                   (12,791,000)
Income taxes                                                 -
                                              -----------------
Net Income (Loss)                                  ($12,791,000)
                                              =================

            Motors Liquidation Company, et al.
    Unaudited Condensed Combined Statement of Cash Flows
             For the Month Ended December 31, 2010

Cash Flows from Operating Activities:
Net loss                                          ($12,791,000)

Adjustments to reconcile net income (loss) to
net cash provided by (used in) operating
activities:
Non-cash interest expense                            5,391,000
Amortization of premium/(discount) on
investments in U.S. Treasury securities                285,000
Reorganization items (gain)/loss                     7,037,000
Reorganization related payments                    (22,495,000)

Changes in assets & liabilities:
Due from affiliates                                     (5,000)
Prepaid expenses                                       216,000
Due to /(due from) GM LLC                              581,000
Other current assets                                  (721,000)
Accounts payable                                    (2,334,000)
Accrued payroll and employee benefits
Accrued sales, use and other types                     416,000
Environmental reserves                              (1,478,000)
Other accrued liabilities                              (11,000)
                                              -----------------
Net Cash used in Operating Activities               (25,909,000)

Cash Flows from Investing Activities:
Purchases of U.S. Treasury securities                 (498,000)
Maturities of U.S. Treasury securities                       -
Proceeds from disposal of assets                    17,309,000
Proceeds from sale and dissolution of subsidiaries           -
Changes in restricted cash                           1,874,000
                                              -----------------
Net cash provided by investing activities           18,685,000

Decrease in cash & cash equivalents                  (7,224,000)
Cash & cash equivalents
at beginning of period                             250,970,000
                                              -----------------
Cash & cash equivalents at end of period           $243,746,000
                                              =================

According to Motors Liquidation Co. Vice President and Treasurer
James Selzer, the Debtors paid a total of $19,945,000 to 24
professionals retained in their Chapter 11 cases the month ended
December 31, 2010.

A full-text copy of the December 2010 Operating Report is
available for free at: http://bankrupt.com/misc/GMDec2010MOR.pdf

                   The Committee-Backed Plan

Motors Liquidation Company and its affiliates are scheduled to
present their Chapter 11 plan for confirmation at a hearing on
March 3, 2011.

Old GM reached an agreement with the U.S. Department of the
Treasury and creditors that will allow the company to approve a
final Chapter 11 plan.

Judge Robert E. Gerber of the U.S. Bankruptcy Court for the
Southern District of New York has approved the adequacy of
the disclosure statement explaining the Plan at hearings in
December.

The Official Committee of Unsecured Creditors recommends that
holders of general unsecured claims in Class 3 vote to accept
OLD GM's Chapter 11 plan.  Deadline to submit ballots is on
February 11, 2011.

The Creditors' Committee believes the Plan provides for the best
recovery for unsecured creditors as a whole and acceptance of the
Plan will expedite distributions to general unsecured creditors.

Pursuant to the Master and Sale Purchase Agreement, General
Motors LLC ("New GM") issued to the Debtors about 10% of New
GM stock and two sets of warrants for additional New GM shares,
representing, collectively an additional 15% of New GM stock.  The
Creditors' Committee says that if the aggregate allowed general
unsecured claims against the Debtors are between $35 billion and
$42 billion, New GM will issue up to an additional 2% of its stock
to the Debtors.

Under the Plan, holders of Allowed General Unsecured Claims will
receive:

  * An initial distribution of New GM Securities, based on the
    creditor's pro rata share of the total remaining general
    unsecured claims asserted against the estate.  The
    creditor's pro rata share will be calculated by taking the
    amount of the creditor's claim and dividing it by the sum of
    (x) the general unsecured claims allowed at the time plus
    (y) the maximum amount of disputed general unsecured claims.

  * General Unsecured Claims Trust Units, which entitle the
    creditor to potentially receive additional New GM Securities
    as disputed general unsecured claims are disallowed or
    otherwise resolved.

The Creditors' Committee also prepared a chart showing the likely
estimated range of Allowed General Unsecured Claims in certain
categories as of November 11, 2010.  The chart is available for
free at http://bankrupt.com/misc/GM_Dec10AllowedClaimsEst.pdf

A full-text copy of the December 10 Letter is available for free
at http://bankrupt.com/misc/GM_CommPlanSupportLtr.pdf

Full-text copies of the Amended Plan and Disclosure Statement,
dated December 8, 2010, are available for free at:

            http://bankrupt.com/misc/gm_Dec8Plan.pdf
            http://bankrupt.com/misc/gmDec8DS.pdf

                       About General Motors

With its global headquarters in Detroit, Michigan, General Motors
Company -- http://www.gm.com/-- is one of the world's largest
automakers.  GM employs 205,000 people in every major region of
the world and does business in some 157 countries.  GM and its
strategic partners produce cars and trucks in 31 countries, and
sell and service these vehicles through the following brands:
Buick, Cadillac, Chevrolet, FAW, GMC, Daewoo, Holden, Jiefang,
Opel, Vauxhall and Wuling.  GM's largest national market is China,
followed by the United States, Brazil, Germany, the United
Kingdom, Canada, and Italy.  GM's OnStar subsidiary is the
industry leader in vehicle safety, security and information
services.

General Motors Co. is 60.8% owned by the U.S. Government.  It was
formed to acquire the operations of General Motors Corporation
through a sale under 11 U.S.C. Sec. 363 following Old GM's
bankruptcy filing.  The deal was closed on July 10, 2009, and Old
GM changed its name to Motors Liquidation Co.  Old GM remains
subject to a pending Chapter 11 reorganization case before the
U.S. Bankruptcy Court for the Southern District of New York.

At September 30, 2010, GM had US$137.238 billion in total assets,
US$106.522 billion in total liabilities, US$6.998 billion in
preferred stock, US$971 million in non-controlling interest, and
US$23.718 billion in total equity.

New GM has a 'BB-' corporate credit rating from Standard & Poor's
and a 'BB-' issuer default rating from Fitch.

                     About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection on June 1, 2009 (Bankr. S.D.N.Y. Lead Case
No. 09-50026).  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP,
assist the Debtors in their restructuring efforts.  Al Koch at AP
Services, LLC, an affiliate of AlixPartners, LLP, serves as the
Chief Executive Officer for Motors Liquidation Company.  GM is
also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP is
providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured Creditors
Holding Asbestos-Related Claims.  Lawyers at Kramer Levin Naftalis
& Frankel LLP serve as bankruptcy counsel to the Creditors
Committee.  Attorneys at Butzel Long serve as counsel regarding
supplier contract matters.  FTI Consulting, Inc., serves as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represents the Asbestos
Committee.  Legal Analysis Systems, Inc., serves as asbestos
valuation analyst.

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


GOTTSCHALKS INC: Has $9,390,000 Cash at January 29
--------------------------------------------------
On Feb. 16, 2011, Gottschalks Inc. filed with the U.S.
Bankruptcy Court for the District of Delaware its monthly
operating report for the period Jan. 2, 2011, Jan. 29, 2011.

The Debtor ended the period with $9,390,000 cash, based on the
Debtor's schedules of cash receipts and disbursements or the
period.  During the period, the Debtor paid a total of $124,962
in professional fees and reimbursed a total of $889 in
professional expenses.

The Company reported a net loss of $134,000 for the period.

At Jan. 29, 2011, the Company had $22.0 million in total
assets, $74.5 million in total liabilities, and a stockholders'
deficit of $52.5 million.

The monthly operating report for the period Jan. 2, 2011, to
Jan. 29, 2011, is available for free at:

               http://researcharchives.com/t/s?73e3

                      About Gottschalks Inc.

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

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


JENNIFER CONVERTIBLES: Posts $629,516 Loss From Oct. 31 - Nov. 27
-----------------------------------------------------------------
Jennifer Convertibles, Inc., et al., reported a net loss of
$629,516 on $6.0 million of revenues for the period from Oct. 31,
2010, through Nov. 27, 2010.

The Company's balance sheet at Nov. 30, 2010, showed $20.6 million
in total assets, $52.3 million in total liabilities, and a
stockholders' deficit of $31.7 million.

A copy of the November 2010 monthly operating report is available
for free at http://bankrupt.com/misc/jennifer.nov2010mor.pdf

                    About Jennifer Convertibles

Jennifer Convertibles, Inc., was organized as a Delaware
corporation in 1986, and is the owner of (i) the largest group of
sofabed specialty retail stores and leather specialty retail
stores in the United States, with stores located throughout the
Eastern seaboard, Midwest, West Coast and Southwest, and (ii)
seven big box, full-line furniture stores operated under the
Ashley Furniture HomeStore brand under a license from Ashley
Furniture Industries, Inc.

The Company and its affiliates filed for Chapter 11 bankruptcy
protection on July 18, 2010 (Bankr. S.D.N.Y. Case No. 10-13779).
Michael S. Fox, Esq., Jordanna L. Nadritch, Esq., and Jayme
Bethel, Esq., at Olshan Grundman Frome Rosenzweig & Wolosky, LLP,
assist the Company in its restructuring effort.  TM Capital Corp.
is the Company's financial advisor.  Mintz, Levin, Cohn, Ferris,
Glovsky and Popeo P.C. is the Company's special securities
counsel.  BMC Group Inc. is the claims and notice agent.

The Company estimated its assets and debts at $10 million to
$50 million as of the Petition Date.

Jennifer Convertibles, Inc. emerged from bankruptcy on Feb. 22,
2011.


MOLECULAR INSIGHT: Posts $2.6 Million Net Loss in January
---------------------------------------------------------
On Feb. 16, 2011, Molecular Insight Pharmaceuticals, Inc.,
submitted its unaudited monthly operating report for January 2011.

The Debtor reported a net loss of $2.6 million on $38,493 of
grant revenue for the period.

At Jan. 31, 2011, the Debtor's balance sheet showed
$25.5 million in total assets, $202.3 million in total
liabilities, and a stockholders' deficit of $176.8 million.

The Debtor ended the period with $12.9 million in unrestricted
cash and cash equivalents, and $522,636 in restricted cash and
cash equivalents.  Payments for professional fees totaled $38,528
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?73e1

                     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.


SUMNER REGIONAL: Posts $680,255 Net Loss in December
----------------------------------------------------
SRHS Bankruptcy, Inc., formerly known as Sumner Regional Health
Systems, Inc., reported a net loss of $680,255 on $25,471 of net
revenue in December 2010.

At Dec. 31, 2010, the Debtor had $53.4 million in total
assets, $22.5 million in total liabilities, and a fund balance of
$30.9 million.

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

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

                      About Sumner Regional

Gallatin, Tennessee-based Sumner Regional Health Systems, Inc.,
operates hospitals in Tennessee.  As of September 1, 2010, Sumner
Regional Health Systems, Inc., operates as a subsidiary of
Lifepoint Hospitals Inc.

On April 30, 2010, the Company and six affiliates filed for
bankruptcy protection under Chapter 11 of the Bankruptcy Code
(Bankr. M.D. Tenn. Lead Case No. 10-04766).  Jeffrey w. Levitan,
Esq., and Adam T. Berkowitz, Esq., at Proskauer Rose, LLP, in New
York, represent the Debtors as lead counsel.  Robert A. Guy, Esq.,
at Frost Brown Todd LLC, in Nashville, Tenn., represents the
Debtors as co-counsel.  The Company estimated its assets and debts
at $100 million to $500 million at the time of the filing.

On June 24, 2010, the Bankruptcy Court entered an order
authorizing the sale of substantially all of the Debtors' assets
to LifePoint Acquisition Corp. and its successors and assigns2.

On July 30, 2010, the Debtors filed a motion in the Bankruptcy
Court to approve a settlement relating to the proposed
distribution of proceeds from the sale.  On August 17, 2010, the
Court entered an order granting the Settlement Motion.


THOMPSON PUBLISHING: Ends January 2011 With $1,882,636 Cash
-----------------------------------------------------------
Thompson Publishing Holding Co., Inc., et al., ended January 2010
with $1,882,636 cash.

At Jan. 31, 2010, the Debtors' consolidated balance sheet
showed $129.9 million in total assets, $189.2 million in total
liabilities, and a stockholders' deficit of $59.3 million.

A copy of the January 2011 monthly operating report is available
for free at http://bankrupt.com/misc/thompson.jan2011mor.pdf


Based in Washington, legal publisher Thompson Publishing had
300 products and 70,000 subscribers, producing an estimated
$49 million in revenue in 2010.  Thompson also arranged
conferences and employee-training events.  Avista Capital Partners
bought a 50% stake in Thompson for $130 million in 2006.

Thompson Publishing Holding Co. Inc. and six affiliates sought
chapter 11 protection (Bankr. D. Del. Case No. 10-13070) on
September 21, 2010.  Thompson disclosed approximately $20 million
in assets and about $166 million in liabilities as of the Petition
Date.  John F. Ventola, Esq., and Lisa E. Herrington, Esq., at
Choate, Hall & Stewart LLP in Boston, Mass., and Alissa T. Gazze,
Esq., Chad A. Fights, Esq., and Derek C. Abbott, Esq., at Morris
Nichols Arsht & Tunnell, LLP, provide the Debtors with legal
counsel, and Mark Chesen and Michael Gorman at SSG Capital
Advisors LLC in Conshohocken, Pa., provide the Debtors with
financial advisory services.

Thompson was authorized in November to sell the business to the
first-lien lenders in exchange for $42 million in secured debt.
In the process, $100,000 was set aside for unsecured creditors.
Thompson changed its name to TPH Seller Inc. following the sale.


TOUSA INC: Ends January 2011 With $503.7 Million Cash
-----------------------------------------------------
Tousa Inc. reported a net loss of $4.4 million on $192,500 of
revenues for the month of January 2011.

The Company's consolidated statement of financial condition showed
$569.6 million in total assets, $2.088 billion in total
liabilities, and a stockholders' deficit of $1.518 billion.

The Debtor ended the period with $503.7 million cash.

A copy of the January 2011 monthly operating report is available
for free at http://bankrupt.com/misc/tousa.jan2011mor.pdf

                         About Tousa Inc.

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

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

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

The Official Committee of Unsecured Creditors filed a Chapter 11
plan and explanatory disclosure statement for Tousa on July 16,
2010.

                           *********

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
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