TCR_Public/110618.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, June 18, 2011, Vol. 15, No. 167

                            Headlines

AMERICANWEST BANCORP: Posts $19,985 Net Loss in May 2011
EMIVEST AEROSPACE: Incurs $56.7 Million Net Loss in April 2011
INTERNATIONAL GARDEN: Reports $13,714 Net Income in April 2011
NORTH GENERAL: Posts $1.5 Million Net Loss in April 2011
POINT BLANK: Ends April 2011 With $5.8 Million Cash

QIMONDA NA: Reports $11.3 Million Net Income in April 2011
QIMONDA RICHMOND: Posts $524,019 Net Loss in Period Ended April 29
SATELITES MEXICANOS: Posts $1.3MM Net Loss in Month Ended April 23



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AMERICANWEST BANCORP: Posts $19,985 Net Loss in May 2011
--------------------------------------------------------
On June 10, 2011, AmericanWest Bancorporation filed with the
U.S. Bankruptcy Court for the Eastern District of Washington its
monthly operating report for May 2011.

The Debtor reported a net loss of $19,985 on $0 revenue for the
month of May.  The net loss for the month of April was $27,375.

At May 31, 2011, the Debtor had total assets of $7.22 million,
total liabilities of $47.58 million, and a stockholders' deficit
of $40.36 million.  The book balance of cash at May 31, 2011,
was $5.79 million compared to $5.81 million at April 30, 2011.

Payments to attorneys and other professionals totaled $5,013 for
the month.

A copy of the operating report is available at http://is.gd/67O8bD

                 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
(Bankr. E.D. Wash. Case No. 10-06097) on Oct. 28, 2010.  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 Form 10-Q filed with the
Securities and Exchange Commission before the Petition Date,
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.


EMIVEST AEROSPACE: Incurs $56.7 Million Net Loss in April 2011
--------------------------------------------------------------
Emivest Aerospace Corporation reported a net loss of $56.7 million
on $0 revenue for April 2011.  The net loss includes a
$54.9 million loss on sale of assets.

At April 30, 2011, the Debtor had ($61.8 million) in total assets,
$2.8 million in total liabilities, and a shareholders' deficit of
$64.6 million.

A copy of the April 2011 monthly operating report is available at:

        http://bankrupt.com/misc/emivest.april2011mor.pdf

Emivest Aerospace Corporation reported a net loss of $2.1 million
on $0 revenue for March 2011.

At March 31, 2011, the Debtor had ($478,496) in total assets,
$7.4 million in total liabilities, and a shareholders' deficit of
$7.9 million.

A copy of the March 2011 monthly operating report is available at:

        http://bankrupt.com/misc/emivest.march2011mor.pdf

                         About Emivest Aerospace

Emivest Aerospace Corporation -- http://www.sj30jet.com/-- is a
U.S.-based aircraft manufacturing company and a subsidiary of
Emirates Investment & Development PSC.  Emivest Aerospace
Corporation produces the SJ30 light jet.

Emivest Aerospace Corporation filed for Chapter 11 protection
(Bankr. D. Del. Case No. 10-13391) on Oct. 20, 2010.  Emivest
estimated assets and debts between $50 million and $100 million.

Daniel B. Butz, Esq., at Morris, Nichols, Arsht & Tunnell LLP, in
Wilmington, Delaware, serves as counsel to the Debtor.  Morgan
Joseph & Co. Inc. is the financial advisor to the Debtor.  The
Debtor also hired DLA Piper LLP (US) as special counsel to assist
in the marketing of its assets.  Attorneys at Pachulski Stang
Ziehl & Jones LLP serve as counsel to the Official Committee of
Unsecured Creditors.  Deloitte Financial Services LLP is the
Committee's financial advisor.


INTERNATIONAL GARDEN: Reports $13,714 Net Income in April 2011
--------------------------------------------------------------
International Garden Products, Inc., et al., reported net income
of $13,714 on $4.5 million of total sales for April 2011.

At April 30, 2011, the Debtors had total assets of $62.7 million,
total liabilities of $73.1 million, and a stockholders' deficit of
$10.4 million.

A copy of the April 2011 monthly operating report is available at:

       http://bankrupt.com/misc/intlgarden.april2011mor.pdf

                    About International Garden

International Garden Products, Inc. was incorporated in 1996 as a
holding company for Iseli Nursery, Inc., California Nursery
Supply, Weeks Wholesale Rose Grower, and Old Skagit, Inc.  The
company's operating businesses, Iseli and Weeks, focus primarily
on growing horticultural products for nationwide sale to
independent garden centers, landscape suppliers, landscapers and
similar parties.  Iseli's is known in the industry as the premium
source of dwarf conifers, Japanese maples and unique companion
plants.  Weeks is one of the largest wholesale breeders and
growers of premium roses in the U.S.

International Garden Products, Inc., and its affiliates filed
For Chapter 11 protection (Bankr. Lead Case No. 10-13207) on
Oct. 4, 2010.  International Garden estimated assets and debts at
$10 million to $50 million in its Chapter 11 petition.

Andrew R. Remming, Esq., at Morris, Nichols, Arsht & Tunnell,
serves as bankruptcy counsel.  Bryan Cave LLP is the legal
counsel.  FTI Consulting is the restructuring advisor.  Garden
City Group is the claims and notice agent.

The debtor-affiliates are Weeks Wholesale Rose Grower (Bankr.
D. Del. Case No. 10-13208), California Nursery Supply (Case No.
10-13209), Iseli Nursery, Inc. (Case No. 10-13210), and Old
Skagit, Inc. (Case No. 10-13211).


NORTH GENERAL: Posts $1.5 Million Net Loss in April 2011
--------------------------------------------------------
North General Hospital reported a net loss of $1.5 million on
$300,009 of revenue for April 2011.

At April 30, 2011, the Debtor had $42.7 million in total
assets, $316.8 million in total liabilities, and a stockholders'
deficit of $274.1 million.

According to the Debtor's schedule of receipts and disbursements,
it paid a total of $213,738 in court costs/claims for the month of
April.

A copy of the monthly operating report for April 2011 is
available at:

      http://bankrupt.com/misc/northgeneral.april2011mor.pdf

                       About North General

New York-based North General Hospital is a not-for-profit 200-bed
community hospital in upper Manhattan that has serviced the
communities of East and Central Harlem since the 1970s.  The
Hospital filed for Chapter 11 bankruptcy protection on July 2,
2010 (Bankr. S.D.N.Y. Case No. 10-13553).  Charles E. Simpson,
Esq., at Windels, Marx, Lane & Mittendorf, LLP, in New York,
assists the Debtor in its restructuring effort.  Burton S. Weston,
Esq., at Garfunkel, Wild, & Travis, P.C., in Great Neck, N.Y.,
serves as the Debtor's special healthcare counsel.  Martin G.
Bunin, Esq., and Craig E. Freeman, Esq., at Alston & Bird, LLP, in
New York, serves as the Official Committee of Unsecured Creditors'
counsel.   The Company disclosed $67 million in assets and
$93 million in liabilities as of the Petition Date.


POINT BLANK: Ends April 2011 With $5.8 Million Cash
---------------------------------------------------
Point Blank Solutions, Inc., and its subsidiaries reported a
consolidated net loss of $1.1 million on sales of $11.6 million
for the month ended April 30, 2011.  Operating income before non-
recurring expenses was $214,082.  Reorganization costs were
$1.5 million.  Interest expense totaled $302,083.

At April 30, 2011, the Debtors had $48.0 million in total assets
and $77.0 million in total liabilities.  The Debtors ended the
period with $5,882,352 cash, compared to $3,254,148 at March 31,
2011.  Debtor professional fees totaled $53,057.  US Trustee Fees
totaled $43,725.

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

       http://bankrupt.com/misc/pointblank.april2011mor.pdf

                        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 (Bankr. D. Del. Case No. 10-11255) on
April 14, 2010.  Laura Davis Jones, Esq., Alan J. Kornfeld, Esq.,
David M. Bertenthal, 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.  Ian Connor Bifferato, Esq., and Thomas F.
Driscoll III, Esq., at Bifferato LLC; and Carmen H. Lonstein,
Esq., Andrew P.R. McDermott, Esq., and Lawrence P. Vonckx, Esq.,
at Baker & McKenzie LLP, serve as counsel for the Official
Committee of Equity Security Holders.  Robert M. Hirsh, Esq., and
George P. Angelich, Esq., at Arent Fox LLP, serve as counsel to
the Creditors Committee, and Frederick B. Rosner, Esq., and Brian
L. Arban, Esq., at Rosner Law Group LLC, serve as co-counsel.


QIMONDA NA: Reports $11.3 Million Net Income in April 2011
----------------------------------------------------------
Qimonda North America Corp. reported net income of $11.3 million
on $0 revenue for the reporting period ended April 29, 2011.

At April 29, 2011, the Debtor had $10,517,146 in cash and cash
equivalents, compared to $11,874,912 at the beginning of the
period.

The Debtor's balance sheet at April 29, 2011, showed $70.0 million
in total assets, $53.1 million in total liabilities, and
stockholders' equity of $16.9 million.

A copy of Qimonda North America's monthly operating report for the
period ended April 29, 2011, is available for free at:

       http://bankrupt.com/misc/qimondana.april2011mor.pdf

                         About Qimonda AG

Qimonda AG (NYSE: QI) -- http://www.qimonda.com/-- is a leading
global memory supplier with a diversified DRAM product portfolio.
The Company generated net sales of EUR1.79 billion in financial
year 2008 and had -- prior to its announcement of a repositioning
of its business -- approximately 12,200 employees worldwide, of
which 1,400 were in Munich, 3,200 in Dresden and 2,800 in
Richmond, Va.

Qimonda AG commenced insolvency proceedings in a local court in
Munich, Germany, on Jan. 23, 2009.  On June 15, 2009, QAG filed
a petition (Bankr. E.D. Va. Case No. 09-14766) for relief under
Chapter 15 of the U.S. Bankruptcy Code.

Qimonda North America Corp., an indirect and wholly owned
subsidiary of QAG, is the North American sales and marketing
subsidiary of QAG.  QNA is also the parent company of Qimonda
Richmond LLC.  QNA and QR sought Chapter 11 protection (Bankr.
D. Del. Case No. 09-10589) on Feb. 20, 2009.  Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Lee E. Kaufman, Esq., at
Richards Layton & Finger PA, in Wilmington Delaware; and Mark
Thompson, Esq., Morris J. Massel, Esq., and Terry Sanders, Esq.,
at Simpson Thacher & Bartlett LLP, in New York City, represent the
Debtors as counsel.  Roberta A. DeAngelis, the United States
Trustee for Region 3, appointed seven creditors to serve on an
official committee of unsecured creditors.  Jones Day and Ashby &
Geddes represent the Committee.  In its bankruptcy petition,
Qimonda Richmond, LLC, estimated more than US$1 billion in assets
and debts.  The information, the Debtors said, was based on
Qimonda Richmond's financial records which are maintained on a
consolidated basis with Qimonda North America Corp.


QIMONDA RICHMOND: Posts $524,019 Net Loss in Period Ended April 29
------------------------------------------------------------------
Qimonda Richmond, LLC, reported a net loss of $524,019 on $0
revenue for the filing period ended April 29, 2011.

The Debtor ended the period with $64,417,352 in unrestricted cash
and equivalents and $52,676,184 in restricted cash and cash
equivalents.

The Debtor's balance sheet at April 29, 2011, showed
$117.3 million in total assets, $430.8 million in total
liabilities, and a stockholders' deficit of $313.5 million.

A copy of Qimonda Richmond's monthly operating report for the
period ended April 29, 2011, is available for free at:

    http://bankrupt.com/misc/qimondarichmond.april2011mor.pdf

                         About Qimonda AG

Qimonda AG (NYSE: QI) -- http://www.qimonda.com/-- is a leading
global memory supplier with a diversified DRAM product portfolio.
The Company generated net sales of EUR1.79 billion in financial
year 2008 and had -- prior to its announcement of a repositioning
of its business -- approximately 12,200 employees worldwide, of
which 1,400 were in Munich, 3,200 in Dresden and 2,800 in
Richmond, Va.

Qimonda AG commenced insolvency proceedings in a local court in
Munich, Germany, on Jan. 23, 2009.  On June 15, 2009, QAG filed
a petition (Bankr. E.D. Va. Case No. 09-14766) for relief under
Chapter 15 of the U.S. Bankruptcy Code.

Qimonda North America Corp., an indirect and wholly owned
subsidiary of QAG, is the North American sales and marketing
subsidiary of QAG.  QNA is also the parent company of Qimonda
Richmond LLC.  QNA and QR sought Chapter 11 protection (Bankr.
D. Del. Case No. 09-10589) on Feb. 20, 2009.  Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Lee E. Kaufman, Esq., at
Richards Layton & Finger PA, in Wilmington Delaware; and Mark
Thompson, Esq., Morris J. Massel, Esq., and Terry Sanders, Esq.,
at Simpson Thacher & Bartlett LLP, in New York City, represent the
Debtors as counsel.  Roberta A. DeAngelis, the United States
Trustee for Region 3, appointed seven creditors to serve on an
official committee of unsecured creditors.  Jones Day and Ashby &
Geddes represent the Committee.  In its bankruptcy petition,
Qimonda Richmond, LLC, estimated more than US$1 billion in assets
and debts.  The information, the Debtors said, was based on
Qimonda Richmond's financial records which are maintained on a
consolidated basis with Qimonda North America Corp.


SATELITES MEXICANOS: Posts $1.3MM Net Loss in Month Ended April 23
------------------------------------------------------------------
Satelites Mexicanos, S.A. de C.V., reported a net loss of
$1.3 million on $9.3 million of revenues for the filing period
ended April 23, 2011.  Reorganization expenses totaled
$1.9 million.

At April 23, 2011, the Debtor's balance sheet showed
$436.1 million in total assets, $527.5 million in total
liabilities, and a stockholders' deficit of $91.4 million.

A copy of the monthly operating report is available at:

          http://bankrupt.com/misc/satmex.april23mor.pdf

                        About Satmex SAB

Satelites Mexicanos, S.A. de C.V., (Satmex) is a Mexico-based
provider of fixed satellite services in the Americas, with
coverage to more than 90% of the population to the Americas,
including more than 45 nations and territories.  Satmex also
provides Latin American television programming in the United
States.

One of only two privately managed FSS providers based in Latin
America, Satmex has a fleet comprised of three satellites.  Satmex
5 and Satmex 6 generate the adjusted EBITDA for Satmex.  A third
satellite, Solidaridad 2, is inclined orbit but does not generate
any adjusted EBITDA.  Construction of Satmex 8 is expected to be
completed by July 2012.  Satmex also intends to pursue plans for a
new satellite, to be named Satmex 7.

Satmex first filed for bankruptcy in August 2006 in New York and
exited four months later with a plan to repay creditors owed about
US$743 million with new debt and equity.

Satmex, with affiliates Alterna' TV International Corporation and
Alterna' TV Corporation, again filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case No. 11-11035) on April 6, 2011.
The Debtors disclosed US$441.6 million in total assets and
US$531.6 million in total debts as of March 23, 2011.  In its
schedules, Satmex disclosed US$393,427,253 in total assets
and US$457,699,978 in total debts on a stand-alone basis.

Victoria Watson Counihan, Esq., at Greenberg Traurig, LLP, serves
as the Debtor's bankruptcy counsel in the present Chapter 11 case.
Lazard Freres & Co. LLC is the Debtors' investment banker.  Ernst
& Young LLP is the Debtors' financial advisor.

Jefferies & Company, Inc., is the financial advisor to supporting
second lien noteholders.  Ropes & Gray LLP is the U.S. counsel to
supporting second lien noteholders.  Cervantes Sainz serves as
Mexican counsel to supporting 2nd lien noteholders.

Dechert LLP is the U.S. counsel to supporting holders of first
priority notes.  Galicia Abogados, S.C., is the Mexican counsel to
supporting holders of first priority notes.

Bracewell & Giuliani LLP is the U.S. counsel to Series B.
Directors.  Kuri Brena Sanchez Ugarte Y Aznar is Mexican counsel
to Series B. Directors.

Morgan, Lewis & Bockius LLP is the U.S. counsel for SCT for Mexico
Government.  Casares, Castelazo, Frias, Tenorio Y Zarate, SC, is
the Mexican counsel for SCT for Mexico Government.  Detente Group
is the financial advisor for SCT for Mexico Government.

Latham & Watkins LLP is the U.S. counsel to Jefferies Finance.
Creel, Garcia-Cuellar, Aiza Y Enriquez is the Mexican counsel for
Jefferies.

As reported in the TCR on June 1, 2011, Satmex disclosed that on
May 26, 2011, it officially concluded its reorganization efforts
and emerged from its U.S. bankruptcy case.  As previously
announced, Satmex, together with its subsidiaries, Alterna' TV
Corporation and Alterna' TV International Corporation, filed a
prepackaged plan of reorganization under Chapter 11 of the U.S.
Bankruptcy Code on April 6, 2011.  The Plan was confirmed by the
U.S. Bankruptcy Court in the District of Delaware on May 11, 2011,
and became effective on May 26, 2011.


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Monday's edition of the TCR delivers a list of indicative prices
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then-ending.

For copies of court documents filed in the District of Delaware,
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bankruptcy documents filed in cases pending outside the District
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Consulting at 207/791-2852.

                           *********

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Troubled Company Reporter is a daily newsletter co-published
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