TCR_Public/110827.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, August 27, 2011, Vol. 15, No. 237

                            Headlines

AMERICANWEST BANCORP: Posts $5,764 Net Loss in July 2011
AMTRUST FINANCIAL: Ends July 2011 With $120,902 Cash
AMTRUST FINANCIAL: AmFin Insurance Ends July 2011 With $1.4MM Cash
AMTRUST FINANCIAL: AmFin Real Ends July 2011 With $7.3MM Cash
AMTRUST FINANCIAL: AmFin Properties Posts $9,778 Net Loss in July

BANKUNITED FINANCIAL: Posts $364,009 Net Loss in July 2011
BARZEL INDUSTRIES: Reports $8,609 Net Loss From May 29 - June 25
CATHOLIC CHURCH: Milwaukee Receives $1.12-Mil. Cash in July
FIRSTFED FINANCIAL: Incurs $105,005 Net Loss in July 2011
GSC GROUP: Ends June 2011 With $44.8 Million Cash

HARRY & DAVID: Bear Creek Earns $10,913 in May 22 - June 25
HARRY & DAVID: H&D Posts $12.2 Million Loss in May 22 - June 25
HARRY & DAVID: Holdings Posts $2.8 Net Loss in May 22 - June 25
HARRY & DAVID: Operations Posts $510,325 Loss in May 22 - June 25
HUDSON HEALTHCARE: Files Initial Monthly Operating Report

IMPERIAL CAPITAL: Posts $80,917 Net Income in July 2011
LOCAL INSIGHT: Files Monthly Operating Report for June 2011
MAJESTIC CAPITAL: Posts $777,027 Net Loss in July 2011
N.A. PETROLEUM: Posts $1.0 Million Loss in July 2011
N.A. PETROLEUM: Petroflow Energy Reports $6,000 Net Loss in July

R&G FINANCIAL: Posts $23,737 Net Loss in July 2011
RASER TECHNOLOGIES: Posts $1.9 Million Net Loss in July 2011
ROBB & STUCKY: Posts $3.4 Million Net Loss in July 2011
SHARPER IMAGE: Ends July 2011 With $2.3 Million Cash
SOUTH EDGE: Posts $883,208 Net Loss in July 2011

SOUTH EDGE: Posts $124,411 Net Loss in June 2011
SUN-TIMES MEDIA: Posts $549,000 Net Loss in July 2011
TERRESTAR NETWORKS: Posts $26.7 Million Net Loss in July 2011
WORLDSPACE INC: Posts $126,494 Net Loss in July 2011




                            *********


AMERICANWEST BANCORP: Posts $5,764 Net Loss in July 2011
--------------------------------------------------------
On Aug. 15, 2011, AmericanWest Bancorporation filed with the
U.S. Bankruptcy Court for the Eastern District of Washington its
monthly operating report for July 2011.

The Debtor reported a net loss of $5,764 on $0 revenue for the
month of July.  The net loss for the month of June was $11,364.

At July 31, 2011, the Debtor had total assets of $7.07 million,
total liabilities of $47.45 million, and a stockholders' deficit
of $40.38 million.  The book balance of cash at July 31, 2011,
was $5.64 million compared to $5.63 million at June 30, 2011.

A copy of the operating report is available at http://is.gd/PlPB2L

              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.


AMTRUST FINANCIAL: Ends July 2011 With $120,902 Cash
----------------------------------------------------
AmTrust Financial Corp., nka AmFin Financial Corporation, reported
a net loss of $554,949 on $0 revenue for July 2011.

At July 31, 2011, the Debtor had total assets of $99.18 million,
total postpetition liabilities of $1.26 million, total prepetition
liabilities of $156.91 million, and a stockholders' deficit of
$58.99 million.

The Debtor ended the period with $120,902 in cash, compared with
$160,943 at June 30, 2011.

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

     http://bankrupt.com/misc/amfinfinancial.july2011mor.pdf

AmFin Financial Corporation, reported a net loss of $418,190 on $0
revenue for June 2011.

At June 30, 2011, the Debtor had total assets of $98.49 million,
total postpetition liabilities of $1.13 million, total prepetition
liabilities of $156.91 million, and a stockholders' deficit of
$59.55 million.

The Debtor ended the period with $160,943 in cash, from $211,726
at May 31, 2011.

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

     http://bankrupt.com/misc/amfinfinancial.june2011mor.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
(Bankr. N.D. Ohio Case No. 09-21323) on Nov. 30, 2009.  The debtor
subsidiaries include AmFin Real Estate Investments, Inc., formerly
AmTrust Real Estate Investments, Inc. (Case No. 09-21328).

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, serve as counsel to the Debtors.
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 Ends July 2011 With $1.4MM Cash
------------------------------------------------------------------
AmTrust Insurance Agency Inc., nka AmFin Insurance Agency Inc.,
reported a net loss of $25,634 on $0 revenue in July 2011.

At July 31, 2011, the Debtor had total assets of $1,726,005,
total postpetition liabilities of $148,392, total prepetition
liabilities of $813,175, and stockholders' equity of $764,438.

The Debtor ended the period with $1,449,411 in cash, compared to
$1,474,980 at the beginning of the period.

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

     http://bankrupt.com/misc/amfininsurance.july2011mor.pdf

AmFin Insurance Agency Inc., reported net income of $57,521 on $0
revenue in June 2011.

At June 30, 2011, the Debtor had total assets of $1,751,574, total
postpetition liabilities of $148,327, total prepetition
liabilities of $813,175, and stockholders' equity of $790,072.

The Debtor ended the period with $1,474,980 in cash, compared to
$$1,474,707 at the beginning of the period.

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

     http://bankrupt.com/misc/amfininsurance.june2011mor.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
(Bankr. N.D. Ohio Case No. 09-21323) on Nov. 30, 2009.  The debtor
subsidiaries include AmFin Real Estate Investments, Inc., formerly
AmTrust Real Estate Investments, Inc. (Case No. 09-21328).

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, serve as counsel to the Debtors.
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 July 2011 With $7.3MM Cash
-------------------------------------------------------------
AmTrust Real Estate Investments Inc., nka AmFin Real Estate
Investments Inc., reported net income of $416,058 on $0 revenue
for July 2011.

At July 31, 2011, the Debtor had total assets of $103.87 million,
total postpetition liabilities of $376,300, total prepetition
liabilities of $136.75 million, and a stockholders' deficit of
$33.25 million.

The Debtor ended the period with $7,356,334 in cash, from
$4,307,143 at the beginning of the period.

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

        http://bankrupt.com/misc/amfinreal.july2011mor.pdf

AmFin Real Estate Investments Inc., reported a net loss of $13.812
on $0 revenue for June 2011.

At June 30, 2011, the Debtor had total assets of $104.09 million,
total postpetition liabilities of $500,809, total prepetition
liabilities of $137.26 million, and a stockholders' deficit of
$33.67 million.

The Debtor ended the period with $4,307,143 in cash, from
$4,913,567 at the beginning of the period.

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

        http://bankrupt.com/misc/amfinreal.june2011mor.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
(Bankr. N.D. Ohio Case No. 09-21323) on Nov. 30, 2009.  The debtor
subsidiaries include AmFin Real Estate Investments, Inc., formerly
AmTrust Real Estate Investments, Inc. (Case No. 09-21328).

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, serve as counsel to the Debtors.
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 Posts $9,778 Net Loss in July
-----------------------------------------------------------------
AmTrust Properties Inc., nka AmFin Properties Inc., reported a net
loss of $9,778 on $0 revenue for the month of July 2011.

At July 31, 2011, the Debtor had total assets of $1,216,365, total
postpetition liabilities of $1,500, total prepetition
liabilities of $7,584,986, and a stockholders' deficit of
$6,370,121.

The Debtor ended the period with $472 in cash, compared to $297 at
the beginning of the period.

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

     http://bankrupt.com/misc/amfinproperties.july2011mor.pdf

AmFin Properties Inc., had no income and expense transactions for
the month of June 2011.

At June 30, 2011, the Debtor had total assets of $1,225,643, total
postpetition liabilities of $1,000, total prepetition
liabilities of $7,584,986, and a stockholders' deficit of
$6,360,343.

The Debtor ended the period with $297 in cash, compared to $297 at
the beginning of the period.

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

     http://bankrupt.com/misc/amfinproperties.june2011mor.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
(Bankr. N.D. Ohio Case No. 09-21323) on Nov. 30, 2009.  The debtor
subsidiaries include AmFin Real Estate Investments, Inc., formerly
AmTrust Real Estate Investments, Inc. (Case No. 09-21328).

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, serve as counsel to the Debtors.
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.


BANKUNITED FINANCIAL: Posts $364,009 Net Loss in July 2011
----------------------------------------------------------
BankUnited Financial Corporation, together with its subsidiaries
BankUnited Financial Services, Inc., and CRE America Corporation,
filed on Aug. 16, 2011, its monthly operating report for July 2011
with the United States Bankruptcy Court for the Southern District
of Florida.

Funds at July 31, 2011, were roughly $10.60 million compared to
roughly $10.94 million at June 30, 2011.

BankUnited Financial Corporation, et al., reported a net loss of
$346,009.  Professional fees totaled $352,521 for the period.

At July 31, 2011, BankUnited Financial Corporation, et al., had
$35.55 million in total assets, $576.83 million in total
liabilities, and a stockholders' deficit of $541.28 million.

A copy of the operating report is available at http://is.gd/Z8a6ui

                  About BankUnited Financial

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

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

In its bankruptcy petition, BankUnited Financial Corp. disclosed
$37,729,520 in assets against $559,740,185 in debts.  Aside from
those assets, BankUnited said that a "valuable" asset is its $3.6
billion net operating loss carryforward.

Wilmington Trust Co., U.S. Bank, N.A., and the Bank of New York
were listed among the company's largest unsecured creditors in
their roles as trustees for security issues.  BankUnited estimated
the Bank of New York claim tied to convertible securities at
$184 million.  U.S. Bank and Wilmington Trust are owed
$120 million and $118.171 million on account of senior notes.


BARZEL INDUSTRIES: Reports $8,609 Net Loss From May 29 - June 25
----------------------------------------------------------------
Barzel Industries, Inc., et al., reported a net loss of $8,609
on $0 revenue for the filing period May 29, 2011, to June 25,
2011.

American Steel and Aluminum Corporation reported a net loss of
$205,825 for the period.

Nova Tube and Steel Inc. reported a net loss of $53,837 for the
period.

Nova Tube Indiana, LLC, reported a net loss of $26,906 for the
period.

Novamerican Tube Holdings, Inc., Barzel Industries U.S. Inc.,
Barzel Finco Inc., and Barzel Holdings Inc. had no income/expense
transactions for the period.

A copy of the monthly operating report is available at:

     http://bankrupt.com/misc/barzelindustries.june2011mo.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
protection (Bankr. D. Del. Case No. 09-13204) on Sept. 15, 2009.
Judge Christopher S. Sontchi presides over the cases.  J. Kate
Stickles, Esq., and Patrick J. Reilley, Esq., at Cole, Schotz,
Meisel, Forman & Leonard, P.A., in Wilmington, Delaware, and
Gerald H. Gline, Esq., at Cole, Schotz, Meisel, Forman & Leonard,
P.A., in Hackensack, N.J., serve as the Debtors' 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, including $500,000
earmarked solely for unsecured creditors.

Barzel scheduled a Sept. 8 confirmation hearing for approval of
the liquidating Chapter 11 plan.  The disclosure statement says
that unsecured creditors with $4.5 million in claims are estimated
to have an 11% recovery from the carveout from the lenders'
collateral.


CATHOLIC CHURCH: Milwaukee Receives $1.12-Mil. Cash in July
-----------------------------------------------------------

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

Current Assets
  Cash and cash equivalents                       $7,700,853.96
  Short-term investments                           2,214,287.66
  Accounts receivables                             2,971,446.71
  Notes receivable                                   803,392.32
  Other Assets                                       647,708.74
  Prepaid Expenses                                   710,000.00
                                                 --------------
     Total Current Assets                         15,047,689.39

Ground burial & mausoleum crypt sites              5,917,209.04

Property and equipment, net                        4,754,088.10

Investments and Other Assets
  Long-term investments                           13,228,838.96
  Cemeteries Pre-Need Trust Fund Acct              3,272,261.90
  Charitable gift annuities invest.                  703,315.62
  Other Assets                                       315,470.50
                                                 --------------
  Total Investments and Other Assets              17,519,886.98
                                                 --------------
     TOTAL ASSETS                                $43,238,873.51
                                                 ==============


Current Liabilities
  Current maturities of charitable
     gift annuities                                   84,628,16
  Accounts payable                                    30,150.54
  Accrued expenses                                   903,274.27
  Chapter 11 expenses                                725,019.93
  Contributions payable C.S.A.                     2,657,224.00
                                                 --------------
  Total Current Liabilities                        4,300,296.90

Deferred revenue                                   3,312,735.15

Prepetition Debt
  Accrued post-retirement and
     pension benefits                             14,862,955.00
  Contractual contributions payable                2,850,554.00
  Pre-Chapter 11 payables                            507,050.53
  Note payable                                     4,649,912.50
  Charitable gift annuities                          456,788.84
                                                 --------------

  Total Liabilities                               30,940,292.92

  Unclassified - Prepetition Operations                      -
  Unclassified - FY 2012                            (968,409.54)
  Unclassified - Other                             9,550,624.08

  Unrestricted - Current Year                                -
  Unrestricted - Prior Year                                  -
                                                 --------------
  Total Undesignated operating (deficit)           8,582,214.54

  Designated Current Year                                    -
  Designated Prior Year                                      -
                                                 --------------
  Total Designated                                           -
                                                 --------------
  Total Unrestricted                               8,582,214.54

  Temporarily restricted Current Year                        -
  Temporarily restricted Prior Year                          -
                                                 --------------
  Total Temporarily Restricted                               -

  Permanently restricted Current Year                        -
  Permanently restricted Prior Year                3,716,366.05
                                                 --------------
  Total Permanently Restricted                     3,716,366.05
                                                 --------------
  Total Net Assets                                12,298,580.59
                                                 --------------
  Total Liabilities and Net Assets               $43,238,873.51
                                                 ==============

Note: Invested funds held for others totaled $2,736,759.89


                    Archdiocese of Milwaukee
                    Statement of Activities
                      As of July 31, 2011

CHANCERY
Support and Revenue
  Contributions                                     $346,731.84
  Parish assessments                                         -
  Parish assessments adj. to budget                          -
  Tuition and fees                                    26,005.54
  Activities and programs                                411.25
  Miscellaneous revenues                              56,060.30
  Net assets released from restrictions                      -
                                                 --------------
  Total Support and Revenue                          429,208.93

CHANCERY OPERATING EXPENSES
  Payroll and fringe benefits                        525,932.42
  Maintenance, insurance, utility costs              138,937.06
  Travel and education                                 8,280.55
  Supplies and services                               67,966.24
  Assessments                                         72,145.50
  Purchased services                                 251,703.21
  Professional services                               31,267.59
  Charity and donations                              256,102.33
  Miscellaneous expenses                              75,206.19
  Pension related changes other than NPPC                    -
                                                 --------------
  Total Operating Expenses                         1,427,541.09

  Chancery income before fixed assets,           --------------
     non-operations gain (loss), and               (998,332.16)
     extraordinary expense

FIXED ASSETS
  Fixed asset purchases                                      -
  Depreciation expense                               (17,880.63)
  Impairment of leasehold improvements                       -
  Gain(loss) on sale of property and
     equipment, net                                          -
                                                 --------------
  Total Fixed Asset Expense (Income)                 (17,880.63)

NON-OPERATING ACTIVITIES
  Investment income                                   22,367.52
  Net realized gains(losses)                           2,510.61
  Net unrealized gains(losses)                       174,108.40)
  Interest expense                                   (21,021.47)
  Other non-operating revenues(expenses)                     -
                                                 --------------
  Total non-operating activities                     177,965.06
                                                 --------------
  Extraordinary events, net                                0.00
                                                 --------------
Chancery net gain(loss)                             (838,247.73)

Reimbursed operations net gain(loss)                  29,228.47
                                                 --------------
Change in net assets before cumulative              (867,476.20)
  effect and cemetery operations

Cumulative effect of change in                             0.00
  accounting principle
                                                 --------------
Chancery change in net assets                       (867,476.20)

Cemetery operations
  Cemetery gain(loss)                               (100,933.34)
                                                 --------------
Cemetery change in net assets                       (100,933.34)
                                                 --------------
Total change in net assets                         ($968,409.54)
                                                 ==============


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

Receipt Category
  Contributions                                     $342,074.94
  Assessments                                                -
  Tuition and fees                                    26,641.79
  Cemetery cash receipts/transfers                   213,716.30
  Investment income                                        0.16
  Realized gains                                             -
  Gains on sales and fixed assets                            -
  Miscellaneous revenues                              23,361.20
  Clearing                                             1,556.14
  A/R & N/R payments                                 517,008.10
                                                 --------------
  Total Receipts                                  $1,124,358.63

Notes: Funds transferred in from other
      Archdiocesan accounts                       $1,629,417.11
      Funds held for others                                  -
                                                 ==============

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

Disbursements Category
  Salary and wages                                  $467,630.35
  Payroll taxes                                      161,825.44
  Employee benefits                                  290,728.88
  Employee withholdings                              128,840.36
  Facility and operating                             243,676.01
  Travel and education                                45,569.69
  Supplies                                            37,187.22
  Assessments                                         72,145.50
  Purchased services                                 240,890.07
  Legal/Professional                                   5,155.20
  Grants                                             479,594.46
  Interest and bank fees                              32,164.99
  Other                                               74,252.53
  Reimbursed expense                                  52,677.37
  Clearing                                            16,717.09
  Fee assistance                                             -
                                                 --------------
  Total Disbursements                             $2,349,055.16

Notes: Funds transferred in from other
      Archdiocesan accounts                       $1,616,041.81
      Funds held for others                           $7,548.39
                                                 ==============

                About the Archdiocese of Milwaukee

The Diocese of Milwaukee was established on Nov. 28, 1843, and
was elevated to an Archdiocese on Feb. 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 Jan. 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.  The
Official Committee of Unsecured Creditors in the bankruptcy case
has retained Pachulski Stang Ziehl & Jones LLP as its counsel, and
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)


FIRSTFED FINANCIAL: Incurs $105,005 Net Loss in July 2011
---------------------------------------------------------
FirstFed Financial Corp. filed on Aug. 15, 2011, its monthly
operating report for July 2011 with the U.S. Bankruptcy Court
for the Central District of California, Los Angeles Division.

The Company reported a net loss of $105,005 on $0 revenue for
the period.

At July 31, 2011, the Company had $3.34 million in total assets,
$159.62 million in total liabilities, and a stockholders' deficit
of $156.28 million.  The Company ended the period with
$3.20 million in unrestricted cash.  Bankruptcy counsel Landau,
Gottfried & Berger, LLP, received a total of $19,029.67 in Legal-
Bankruptcy Counsel fees for the month.  Manatt, Phelps & Phillips,
LLP, received a total of $54,424.08 in Legal-Special Counsel fees
for the month.

A copy of the July 2011 monthly operating report is available
at http://is.gd/mdq66q

                   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
Dec. 18, 2009.

FirstFed Financial Corp. filed for Chapter 11 protection (Bankr.
C.D. Calif. Case No. 10-10150) on Jan. 6, 2010.  Jon L. Dalberg,
Esq., at Landau Gottfried & Berger LLP, represents the Debtor in
its restructuring effort.  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.


GSC GROUP: Ends June 2011 With $44.8 Million Cash
-------------------------------------------------
GSC Group, Inc., and affiliated entities filed on Aug. 12, 2011, a
monthly operating report for June 2011.

GSCP Group, Inc., GSC Active Partners, Inc., and GSCP (NJ), Inc.,
had no income or expense transactions for the month of June 2011.

GSCP, LLC, reported net income of $423,981 on $17,507 of net
revenue for the month.

GSCP (NJ), L.P., reported a net loss of $1.4 million on
$3.0 million of net revenue for the month.

GSCP (NJ) Holdings, L.P., reported net income of $99,730 on $0
revenue for the month.

GSC Secondary Interest Fund reported a net loss of $20,231 on $0
income for the month.

The Debtors had total cash of $44,856,284 at June 30, 2011,
compared to $44,038,556 at the beginning of the month.  The
Debtors paid $896,611 in professional fees during the month.

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

        http://bankrupt.com/misc/gscgroup.june2011mor.pdf

                        About GSC Group

Florham Park, New Jersey-based GSC Group, Inc. --
http://www.gsc.com/-- is a private equity firm specializing in
mezzanine and fund of fund investments.  Originally named
Greenwich Street Capital Partners Inc. when it was a subsidiary of
Travelers Group Inc., GSC became independent in 1998 and at one
time had $28 billion of assets under management.  Market reverses,
termination of some funds, and withdrawal of customers'
investments reduced funds under management at the time of
bankruptcy to $8.4 billion.

GSC Group filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 10-14653) on Aug. 31, 2010.  Michael B. Solow,
Esq., at Kaye Scholer LLP, serves as the Debtor's bankruptcy
counsel.  Epiq Bankruptcy Solutions, LLC, is the Debtor's notice
and claims agent.  Capstone Advisory Group, LLC, is the Debtor's
financial advisor.  The Debtor estimated its assets at $1 million
to $10 million and debts at $100 million to $500 million as of the
Chapter 11 filing.

Since Jan. 7, 2011, the Debtors have been operated by James L.
Garrity Jr., as Chapter 11 trustee for the Debtors.  No committee
of unsecured creditors has been appointed in the Chapter 11 Cases.


HARRY & DAVID: Bear Creek Earns $10,913 in May 22 - June 25
-----------------------------------------------------------
Bear Creek Orchards, Inc., reported net income of $10,913 on $0
revenue for the reporting period My 22, 2011, through June 25,
2011.

At June 25, 2011, the Debtor's balance sheet showed $40.24 million
in total assets, $39.82 million in total liabilities, and
stockholders' equity of $419,806.

A copy of Bear Creek's operating report is available at:

        http://bankrupt.com/misc/bearcreek.june2011mor.pdf

                        About Harry & David

Medford, Oregon-based Harry & David Holdings, Inc. -- aka Bear
Creek Corporation; Bear Creek Direct Marketing, Inc.; Bear Creek
Stores, Inc.; Bear Creek Operations, Inc.; and Bear Creek
Orchards, Inc. -- is a multi-channel specialty retailer and
producer of branded premium gift-quality fruit and gourmet food
products and gifts marketed under the Harry & David(R),
Wolferman's(R) and Cushman's(R) brands.  It has 70 stores across
the country.

Harry & David Holdings filed for Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 11-10884) on March 28, 2011.  Affiliates
Harry and David (Bankr. D. Del. Case No. 11-10885), Harry & David
Operations, Inc. (Bankr. D. Del. Case No. 11-10886), and Bear
Creek Orchards, Inc. (Bankr. D. Del. Case No. 11-10887) filed
separate Chapter 11 petitions.  The cases are jointly
administered, with Harry David Holdings as lead case.

David G. Heiman, Esq., Brad B. Erens, Esq., and Timothy W.
Hoffman, Esq., at Jones Day, are the Debtors' lead counsel.
Daniel J. DeFranceschi, Esq., Paul Noble Heath, Esq., and Zachary
Shapiro, Esq., at Richards Layton & Finger, serve as the Debtors'
local counsel.  Rothschild Inc. is the Debtors' investment banker.
Alvarez & Marsal LLC is the Debtors' financial advisor.  Garden
City Group Inc. is the Debtors' claims and notice agent.  McKinsey
Recovery & Transformation Services U.S. LLC is being tapped as
management consultants.

The Debtor also tapped DJM Realty Services, LLC, as real estate
consultants; Alvarez & Marsal North America to provide the Debtors
an interim chief executive officer and chief restructuring officer
and certain additional officers; and McKinsey Recovery &
Transformation Services U.S. LLC as their management consultant.

Kristopher M. Hansen, Esq., and Erez E. Gilad, Esq., at Stroock &
Stroock & Lavan LLP; Thomas B. Walper, Esq., at Munger, Tolles &
Olson LLP; and Ira S. Dizengoff, Esq., at Akin Gump Strauss Hauer
& Feld LLP are counsel to principal noteholders.  Moelis & Company
is the financial advisor to the principal noteholders.

Lowenstein Sandler has been retained as counsel to the unsecured
creditors committee.

The Debtors disclosed $304.3 million in total assets and
$360.8 million in total debts as of Dec. 25, 2010.

On April 7, 2011, the U.S. Trustee appointed an official committee
of unsecured creditors in the Debtors' cases.


HARRY & DAVID: H&D Posts $12.2 Million Loss in May 22 - June 25
---------------------------------------------------------------
Harry & David reported a net loss of $12.18 million on
$14.21 million of sales for the reporting period May 22, 2011,
through June 25, 2011.

At June 25, 2011, the Debtor's balance sheet showed
$207.62 million in total assets, $3.83 million in total
liabilities, and stockholders' equity of $203.79 million.

A copy of Harry & David's operating report is available at:

       http://bankrupt.com/misc/harry&david.june2011mor.pdf

                        About Harry & David

Medford, Oregon-based Harry & David Holdings, Inc. -- aka Bear
Creek Corporation; Bear Creek Direct Marketing, Inc.; Bear Creek
Stores, Inc.; Bear Creek Operations, Inc.; and Bear Creek
Orchards, Inc. -- is a multi-channel specialty retailer and
producer of branded premium gift-quality fruit and gourmet food
products and gifts marketed under the Harry & David(R),
Wolferman's(R) and Cushman's(R) brands.  It has 70 stores across
the country.

Harry & David Holdings filed for Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 11-10884) on March 28, 2011.  Affiliates
Harry and David (Bankr. D. Del. Case No. 11-10885), Harry & David
Operations, Inc. (Bankr. D. Del. Case No. 11-10886), and Bear
Creek Orchards, Inc. (Bankr. D. Del. Case No. 11-10887) filed
separate Chapter 11 petitions.  The cases are jointly
administered, with Harry David Holdings as lead case.

David G. Heiman, Esq., Brad B. Erens, Esq., and Timothy W.
Hoffman, Esq., at Jones Day, are the Debtors' lead counsel.
Daniel J. DeFranceschi, Esq., Paul Noble Heath, Esq., and Zachary
Shapiro, Esq., at Richards Layton & Finger, serve as the Debtors'
local counsel.  Rothschild Inc. is the Debtors' investment banker.
Alvarez & Marsal LLC is the Debtors' financial advisor.  Garden
City Group Inc. is the Debtors' claims and notice agent.  McKinsey
Recovery & Transformation Services U.S. LLC is being tapped as
management consultants.

The Debtor also tapped DJM Realty Services, LLC, as real estate
consultants; Alvarez & Marsal North America to provide the Debtors
an interim chief executive officer and chief restructuring officer
and certain additional officers; and McKinsey Recovery &
Transformation Services U.S. LLC as their management consultant.

Kristopher M. Hansen, Esq., and Erez E. Gilad, Esq., at Stroock &
Stroock & Lavan LLP; Thomas B. Walper, Esq., at Munger, Tolles &
Olson LLP; and Ira S. Dizengoff, Esq., at Akin Gump Strauss Hauer
& Feld LLP are counsel to principal noteholders.  Moelis & Company
is the financial advisor to the principal noteholders.

Lowenstein Sandler has been retained as counsel to the unsecured
creditors committee.

The Debtors disclosed $304.3 million in total assets and
$360.8 million in total debts as of Dec. 25, 2010.

On April 7, 2011, the U.S. Trustee appointed an official committee
of unsecured creditors in the Debtors' cases.


HARRY & DAVID: Holdings Posts $2.8 Net Loss in May 22 - June 25
---------------------------------------------------------------
Harry & David Holdings, Inc., reported a net loss of $2.83 million
on $0 revenue for the filing period May 22, 2011, through June 25,
2011.

At June 25, 2011, the Debtor's balance sheet showed $86.09 million
in total assets, $162.38 million in total liabilities, and a
stockholders' deficit of $76.28 million.

A copy of Harry & David Holdings' monthly operating report is
available at:

   http://bankrupt.com/misc/harry&davidholdings.june2011mor.pdf

                        About Harry & David

Medford, Oregon-based Harry & David Holdings, Inc. -- aka Bear
Creek Corporation; Bear Creek Direct Marketing, Inc.; Bear Creek
Stores, Inc.; Bear Creek Operations, Inc.; and Bear Creek
Orchards, Inc. -- is a multi-channel specialty retailer and
producer of branded premium gift-quality fruit and gourmet food
products and gifts marketed under the Harry & David(R),
Wolferman's(R) and Cushman's(R) brands.  It has 70 stores across
the country.

Harry & David Holdings filed for Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 11-10884) on March 28, 2011.  Affiliates
Harry and David (Bankr. D. Del. Case No. 11-10885), Harry & David
Operations, Inc. (Bankr. D. Del. Case No. 11-10886), and Bear
Creek Orchards, Inc. (Bankr. D. Del. Case No. 11-10887) filed
separate Chapter 11 petitions.  The cases are jointly
administered, with Harry David Holdings as lead case.

David G. Heiman, Esq., Brad B. Erens, Esq., and Timothy W.
Hoffman, Esq., at Jones Day, are the Debtors' lead counsel.
Daniel J. DeFranceschi, Esq., Paul Noble Heath, Esq., and Zachary
Shapiro, Esq., at Richards Layton & Finger, serve as the Debtors'
local counsel.  Rothschild Inc. is the Debtors' investment banker.
Alvarez & Marsal LLC is the Debtors' financial advisor.  Garden
City Group Inc. is the Debtors' claims and notice agent.  McKinsey
Recovery & Transformation Services U.S. LLC is being tapped as
management consultants.

The Debtor also tapped DJM Realty Services, LLC, as real estate
consultants; Alvarez & Marsal North America to provide the Debtors
an interim chief executive officer and chief restructuring officer
and certain additional officers; and McKinsey Recovery &
Transformation Services U.S. LLC as their management consultant.

Kristopher M. Hansen, Esq., and Erez E. Gilad, Esq., at Stroock &
Stroock & Lavan LLP; Thomas B. Walper, Esq., at Munger, Tolles &
Olson LLP; and Ira S. Dizengoff, Esq., at Akin Gump Strauss Hauer
& Feld LLP are counsel to principal noteholders.  Moelis & Company
is the financial advisor to the principal noteholders.

Lowenstein Sandler has been retained as counsel to the unsecured
creditors committee.

The Debtors disclosed $304.3 million in total assets and
$360.8 million in total debts as of Dec. 25, 2010.

On April 7, 2011, the U.S. Trustee appointed an official committee
of unsecured creditors in the Debtors' cases.


HARRY & DAVID: Operations Posts $510,325 Loss in May 22 - June 25
-----------------------------------------------------------------
Harry & David Operations, Inc., reported a net loss of $510,325 on
$715,128 of revenue for the filing period May 22, 2011, through
June 25, 2011.

At June 25, 2011, the Debtor's balance sheet showed $95.72 million
in total assets, $178.73 million in total liabilities, and a
stockholders' deficit of $83.01 million.

A copy of Harry & David Operations' monthly operating report is
available at:

  http://bankrupt.com/misc/harry&davidoperations.june2011mor.pdf

                        About Harry & David

Medford, Oregon-based Harry & David Holdings, Inc. -- aka Bear
Creek Corporation; Bear Creek Direct Marketing, Inc.; Bear Creek
Stores, Inc.; Bear Creek Operations, Inc.; and Bear Creek
Orchards, Inc. -- is a multi-channel specialty retailer and
producer of branded premium gift-quality fruit and gourmet food
products and gifts marketed under the Harry & David(R),
Wolferman's(R) and Cushman's(R) brands.  It has 70 stores across
the country.

Harry & David Holdings filed for Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 11-10884) on March 28, 2011.  Affiliates
Harry and David (Bankr. D. Del. Case No. 11-10885), Harry & David
Operations, Inc. (Bankr. D. Del. Case No. 11-10886), and Bear
Creek Orchards, Inc. (Bankr. D. Del. Case No. 11-10887) filed
separate Chapter 11 petitions.  The cases are jointly
administered, with Harry David Holdings as lead case.

David G. Heiman, Esq., Brad B. Erens, Esq., and Timothy W.
Hoffman, Esq., at Jones Day, are the Debtors' lead counsel.
Daniel J. DeFranceschi, Esq., Paul Noble Heath, Esq., and Zachary
Shapiro, Esq., at Richards Layton & Finger, serve as the Debtors'
local counsel.  Rothschild Inc. is the Debtors' investment banker.
Alvarez & Marsal LLC is the Debtors' financial advisor.  Garden
City Group Inc. is the Debtors' claims and notice agent.  McKinsey
Recovery & Transformation Services U.S. LLC is being tapped as
management consultants.

The Debtor also tapped DJM Realty Services, LLC, as real estate
consultants; Alvarez & Marsal North America to provide the Debtors
an interim chief executive officer and chief restructuring officer
and certain additional officers; and McKinsey Recovery &
Transformation Services U.S. LLC as their management consultant.

Kristopher M. Hansen, Esq., and Erez E. Gilad, Esq., at Stroock &
Stroock & Lavan LLP; Thomas B. Walper, Esq., at Munger, Tolles &
Olson LLP; and Ira S. Dizengoff, Esq., at Akin Gump Strauss Hauer
& Feld LLP are counsel to principal noteholders.  Moelis & Company
is the financial advisor to the principal noteholders.

Lowenstein Sandler has been retained as counsel to the unsecured
creditors committee.

The Debtors disclosed $304.3 million in total assets and
$360.8 million in total debts as of Dec. 25, 2010.

On April 7, 2011, the U.S. Trustee appointed an official committee
of unsecured creditors in the Debtors' cases.


HUDSON HEALTHCARE: Files Initial Monthly Operating Report
---------------------------------------------------------
Hudson Healthcare, Inc., filed with the U.S. Bankruptcy Court for
the District of New Jersey its initial monthly operating report.

The Debtor submitted a schedule of retainers paid to
professionals:

     Payee                Date of Check            Amount

     Trenk, DiPasquale       7/29/11              $108,043
     EPIQ                    7/29/11               $25,000

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

     http://bankrupt.com/misc/hudsonhealthcare.initialmor.pdf

                     About Hudson Healthcare

Hudson Healthcare, Inc., is the nonprofit operator of Hoboken
University Medical Center in Hoboken, New Jersey.  Hudson
Healthcare filed for Chapter 11 protection (Bankr. D. N.J. Case
No. 11-33014) in Newark on Aug. 1, 2011, estimating assets and
debt of less than $50 million.  Affiliate Hoboken Municipal
Hospital Authority also sought Chapter 11 protection.

Judge Donald H. Steckroth presides over the cases.  Attorneys at
Trenk, Dipasquale, Webster, et al., serve as counsel to the
Debtor.  Epiq Bankruptcy Solutions, LLC, the noticing and claims
agent, may be reached at:

          Ron Jacobs
          EPIQ BANKRUPTCY SOLUTIONS, LLC
          757 Third Ave., Ste. 304
          New York, NY 10017
          Tel: 646-282-2550
          E-mail: rjacobs@epiqsystems.com

In August 2011, the New Jersey Health Planning Board voted to
recommend to the Commissioner of Health to approve the sale of
Hoboken University Medical Center to HUMC Holdco, a private group
that also owns Bayonne Medical Center.  Holdco has pledged to
maintain it as a hospital for at least seven years.  The proposed
transaction totals $91.7 million, including a $51.6 million cash
payment to extinguish Hobokens' bond guarantee.  The new owners
have pledged to put $20 million in capital improvements in the
hospital.


IMPERIAL CAPITAL: Posts $80,917 Net Income in July 2011
-------------------------------------------------------
BankruptcyData.com reports that Imperial Capital Bancorp reported
net income of $80,917 on zero revenue in July 2011.

                 About Imperial Capital Bancorp

La Jolla, California-based Imperial Capital Bancorp, Inc., filed
for Chapter 11 bankruptcy protection (Bankr. S.D. Calif. Case No.
09-19431) on Dec. 18, 2009.  Gregory K. Jones, Esq., at Stutman,
Treister & Glatt, P.C., serves as the Company's bankruptcy
counsel.  FTI Consulting Inc. serves as its financial advisor.
The Company disclosed $40.4 million in assets and $98.7 million in
liabilities.

Tiffany L. Carroll, the U.S. Trustee for Region 15, appointed
three members to the official committee of unsecured creditors in
the Debtor's case.

The Debtor's proposed Liquidating Plan of Reorganization provides
that based upon assets available for distribution, creditors of
the Company will not be paid in full under the Plan.  The Company
predicts that, after payment to the Company's unsecured creditors,
there will be no assets available for distribution to the holders
of the Company's common stock.


LOCAL INSIGHT: Files Monthly Operating Report for June 2011
-----------------------------------------------------------
On July 29, 2011, Local Insight Media Holdings, Inc., et al.,
filed with the U.S. Bankruptcy Court for the District of Delaware
their monthly operating report for June 2011.

Local Insight Regatta Holdings, Inc., Local Insight Listing
Management, Inc., and The Berry Company LLC, reported a
consolidated net loss of $699,000 on $36.2 million of revenue for
the month.

At June 30, 2011, consolidating Local Insight Regatta Holdings,
Inc., et al., had $480.0 million in total assets, $765.6 million
in total liabilities, and a stockholders' deficit of
$285.6 million.

Non-consolidating entities Local Insight Media Holdings, Inc., LIM
Finance, Inc., and LIM Finance II, Inc., had no revenue or expense
transactions during the month.

At June 30, 2011, Local Insight Media Holdings, Inc.'s balance
sheet showed $32.8 million in total assets, $3.2 million in total
liabilities, and stockholders' equity of $29.6 million.

At June 30, 2011, LIM Finance, Inc.'s balance sheet showed
$188.0 million in total assets, $160.0 million in total
liabilities, and stockholders' equity of $28.0 million.

At June 30, 2011, LIM Finance II, Inc.'s balance sheet showed
$321.5 million in total assets, $214.0 million in total
liabilities, and stockholders' equity of $107.5 million.

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

      http://bankrupt.com/misc/localinsight.june2011mor.pdf

                       About Local Insight

Local Insight Media Holdings, Inc., through its subsidiary The
Berry Company LLC, is a leading provider of local search
solutions, generating leads for its advertising clients and
enabling consumers to efficiently find the products and services
they need.

The Debtors and their non-Debtor affiliates and subsidiaries are
the fifth largest Yellow Pages directory publisher, and a leading
provider of local search advertising products and services, in the
United States.  The Company has operations in 41 states as well as
Puerto Rico and the Dominican Republic.  The Company operates
three principal business units, each owned, indirectly, by Debtor
Local Insight Media Holdings, Inc.  The majority of the equity of
Local Insight Media Holdings, Inc., is owned by funds affiliated
with private equity firm WCAS.

Local Insight, along with affiliates, including Local Insight
Regatta Holdings, Inc., filed for Chapter 11 bankruptcy protection
on (Bankr. D. Del. Lead Case No. 10-13677) on Nov. 17, 2010.

Richard M. Cieri, Esq., and Christopher J. Marcus, Esq., and Ross
M. Kwasteniet, Esq., at Kirkland & Ellis LLP, serve as the
Debtors' bankruptcy counsel.  Curtis A. Hehn, Esq., Laura Davis
Jones, Esq., and Michael Seidl, Esq., at Pachulski Stang Ziehl &
Jones LLP, are the Debtors' co-counsel.

The Debtors' investment banker is Lazard Freres & Co. LLC.  The
Debtors' independent auditor is Deloitte & Touche LLP.  The
Debtors' restructuring advisor is Alvarez & Marsal North America,
LLC.  Kurtzman Carson Consultants LLC is the Debtors' notice and
claims agent.

Local Insight Media Holdings estimated assets of less than $50,000
and liabilities of $100 million to $500 million in its Chapter 11
petition.  Local Insight Regatta reported consolidated assets of
$796,270,000 against consolidated debts of $669,612,000 as of
Sept. 30, 2010, according to its Form 10-Q filed with the
Securities and Exchange Commission.

The Official Committee of Unsecured Creditors has tapped Milbank,
Tweed, Hadley & McCloy LLP as its counsel; Morris, Nichols, Arsht
& Tunnel LLP as Delaware co-counsel; Houlihan Lokey Howard & Zukin
Capital Inc. as its financial advisor and investment banker; and
Mesirow Financial Consulting LLC as its forensic accountant and
litigation advisor.

Local Insight Media Holdings, Inc., et al., have filed a Joint
Plan of Reorganization and Disclosure Statement with the
Bankruptcy Court.  With this filing, the Company expects to emerge
from Chapter 11 during the fourth quarter of 2011.  Under the
Plan, which is subject to the confirmation of the Court, the
company will emerge with a new credit facility and total debt
reduced by more than 90%.  The Company's senior secured debt will
be exchanged for equity in the reorganized company.  The Plan has
the support of the steering committee of the Company's pre-
petition senior secured lenders.


MAJESTIC CAPITAL: Posts $777,027 Net Loss in July 2011
------------------------------------------------------
BankruptcyData.com reports that Majestic Capital reported a net
loss of $777,027 on zero revenue in July 2011.

                  About Majestic Capital, Ltd.

Headquartered in Poughkeepsie, New York City, Majestic Capital,
Ltd., fdba CRM Holdings, Inc., filed for Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 11-36225) on April 29, 2011.

Affiliates also sought Chapter 11 protection (Bankr. S.D.N.Y. Case
Nos. 11-36221 - 11-36234) on April 29, 2011.  Bankruptcy Judge
Cecelia G. Morris presides over the case.  Thomas Genova, Esq., at
Genova & Malin, Attorneys represents the Debtors in their
restructuring effort.  Murphy & King, P.C. serves as the Debtors'
co-counsel.  The Debtors tapped Michelman & Robinson, LLP, as
special counsel, and Day Seckler, LLP, as accountants and
financial advisors.  The Debtor disclosed $436,191,000 in assets
and $421,757,000 in liabilities as of Dec. 31, 2010.

Bruce F. Smith, Esq., and Steven C. Reingold, Esq., at Jager Smith
P.C. represent the Official Committee of Unsecured Creditors.  The
Committee has also tapped J.H. Cohn LLP as its financial advisors.


N.A. PETROLEUM: Posts $1.0 Million Loss in July 2011
----------------------------------------------------
North American Petroleum Corp. USA reported a net loss of
$1.03 million on net revenue of ($255,588) for July 2011.

At July 31, 2010, the Debtor had $20.86 million in total
assets, $4.68 million in total liabilities, and $16.18 million in
net owner equity.

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

      http://bankrupt.com/misc/n.a.petroleum.july2011mor.pdf

North American Petroleum Corp. USA reported net profit of
$15.14 million on net revenue of $2.82 million for June 2011.

At June 30, 2010, the Debtor had $21.82 million in total
assets, $4.61 million in total liabilities, and $17.21 million in
net owner equity.

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

      http://bankrupt.com/misc/n.a.petroleum.june2011mor.pdf


                   About North American Petroleum

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

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

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

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

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


N.A. PETROLEUM: Petroflow Energy Reports $6,000 Net Loss in July
----------------------------------------------------------------
Petroflow Energy Ltd. reported a net loss of $6,000 for the month
of July 2011.

At July 31, 2011, the Debtor had $19.60 million in total assets,
$154,791 in total liabilities, and $19.45 million in net owner
equity.

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

     http://bankrupt.com/misc/petroflowenergy.july2011mor.pdf

Petroflow Energy Ltd. reported a net loss of $30,510 for the month
of June 2011.

At June 30, 2011, the Debtor had $19.61 million in total assets,
$154,791 in total liabilities, and $19.46 million in
net owner equity.

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

     http://bankrupt.com/misc/petroflowenergy.june2011mor.pdf

                   About North American Petroleum

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

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

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

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

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


R&G FINANCIAL: Posts $23,737 Net Loss in July 2011
--------------------------------------------------
BankruptcyData.com reports that R&G Financial Corporation reported
a net loss of $23,737 on zero revenue in July 2011.

                       About R&G Financial

San Juan, Puerto Rico-based R&G Financial Corporation was the
direct parent of R-G Premier Bank of Puerto Rico, a state-
chartered nonmember bank, through which RGFC primarily conducted
its business.  The Company filed for Chapter 11 bankruptcy
protection (Bankr. D. P.R. Case No. 10-04124) on May 14, 2010.
Brent R. McIlwain, Esq., Robert W. Jones, Esq., Esq., at Patton
Boggs LLP, in Dallas; and Jorge I. Peirats, Esq., at Pietrantoni,
Mendez & Alvarez, in Hato Rey, P.R., serve as the Debtor's
bankruptcy counsel.  The Debtor disclosed US$40,213,356 in assets
and US$420,687,694 in debts as of the Petition Date.


RASER TECHNOLOGIES: Posts $1.9 Million Net Loss in July 2011
------------------------------------------------------------
On Aug. 19 2011, Raser Technologies, Inc., et al., filed their
monthly operating report for July 2011 with the U.S. Bankruptcy
Court for the District of Delaware.

The Debtor reported a net loss of $1.86 million on $324,278 of
revenues for the month.  Professional fees totaled $714,275.

The Debtors' balance sheet at July 31, 2011, showed
$40.96 million in total assets, $119.08 million in total
liabilities, and a stockholders' deficit of $78.11 million.

When the company sought bankruptcy protection it hadn't recorded a
profit since it began posting its results in the quarter ending
March 31, 2001, according to data compiled by Bloomberg News.

A copy of the operating report is available at http://is.gd/ww8Ef6

                     About Raser Technologies

Raser Technologies Inc. (NYSE: RZ) is a renewable energy company
focusing on geothermal power development.  The Company has one
operating plant in Utah and another eight early and development
stage projects in Utah, New Mexico, Nevada and Oregon.  The
Company invested $120 million in Thermo No. 1, its sole operating
plant, which is near Beaver, Utah, and has a power generation
capacity of 10 megawatts.  The City of Anaheim, California, agreed
in 2008 to buy the generated electricity for 20 years.

Provo, Utah-based Raser Technologies, Inc., also known as Wasatch
Web Advisors, Inc., filed for Chapter 11 protection (Bankr. D.
Del. Case No. 11-11315) on April 29, 2011.

Other Debtor affiliates filed for separate Chapter 11 protection
on April 29, 2011,  (Bankr. Case Nos. 11-11319 - 11-11350).
Peter S. Partee, Sr., Esq., and Richard P. Norton, Esq., at Hunton
& Williams LLP represent the Debtors in their restructuring
efforts.  The Debtors' local counsel is Bayard, P.A.  Sichenzia
Ross Friedman Ference LLP serves as the Debtors' corporate
counsel.  The Debtors' financial advisor is Canaccord Genuity.

A three-member official committee of unsecured creditors has been
formed in the Chapter 11 case.  Foley & Lardner LLP represents the
Committee.  The Committee also tapped Womble Carlyle Sandridge &
Rice, PLLC, as co-counsel, BDO Consulting, a division of BDO USA,
LLP, as its financial advisor and accountant; and BDO Capital
Advisors, LLC its investment banker.

The Company reported a net loss of $101.80 million on
$4.25 million of revenue for the fiscal year ended Dec. 31, 2010,
compared with a net loss of $20.90 million on $2.19 million of
revenue during the prior year.

The Company's balance sheet at Dec. 31, 2010, showed
$41.84 million in total assets, $107.78 million in total
liabilities, $5.00 million of Series A-1 cumulative convertible
preferred stock, and a stockholders' deficit of $70.94 million.


ROBB & STUCKY: Posts $3.4 Million Net Loss in July 2011
-------------------------------------------------------
Robb & Stucky Limited LLLP reported a net loss of $3.41 million
on $(21,000) of net retail sales for the month of July 2011.

At July 31, 2011, the Debtor had $13.76 million in total assets,
$83.20 million in total liabilities, and a partners' deficit of
$69.44 million.

A copy of the operating report is available at:

       http://bankrupt.com/misc/robb&stucky.july2011mor.pdf

                       About Robb & Stucky

Sarasota, Florida-based Robb & Stucky Limited LLLP -- dba Robb &
Stucky; Robb & Stucky Interiors; Fine Design Interiors, a division
of Robb & Stucky; Robb & Stucky Patio; R&S Home of Fine
Decorators; and Home of Fine Design by Robb & Stucky -- is a
retailer of upscale, high-end, interior-design-driven home
furnishings in the U.S.  It filed for Chapter 11 bankruptcy
protection (Bankr. M.D. Fla. Case No. 11-02801) on Feb. 18, 2011.
Paul S. Singerman, Esq., and Jordi Guso, Esq., at Berger Singerman
PA, serve as the Debtor's bankruptcy counsel.  FTI Consulting,
Inc., is the Debtor's advisor and Kevin Regan is the Debtor's
chief restructuring officer.  Bayshore Partners, LLC, is the
Debtor's investment banker.  AlixPartners, LLP, serves as the
Debtor's communications consultants.  Epiq Bankruptcy Solutions,
LLC, serves as the Debtor's claims and notice agent.  In its
schedules, the Debtor disclosed $77,705,081 in assets and
$91,859,125 in liabilities as of the Chapter 11 filing.

Donald F. Walton, U.S. Trustee for Region 21, appointed the
Official Committee of Unsecured Creditors in the Debtor's case.
The Committee tapped Cooley LLP as its lead counsel; Broad and
Cassel as its local bankruptcy counsel; and BDO USA LLP as its
financial advisor.


SHARPER IMAGE: Ends July 2011 With $2.3 Million Cash
----------------------------------------------------
TSIC, Inc., formerly known as The Sharper Image Corporation, filed
with the U.S. Bankruptcy Court for the District of Delaware on
Aug. 18, 2011, its monthly operating report for July 2011.

The Debtor reported a net loss of $119,404 on $0 revenue for the
month.  The Debtor incurred a total of $761 in professional
fees for the month.

At June 30, 2011, the Company's balance sheet showed $5.9 million
in total assets, $95.2 million in total liabilities, and a
stockholders' deficit of $89.3 million.

The Debtor ended the month with $2,336,627 cash.  For the
month, the Debtor paid a total of $294,658 in professional fees.

A full-text copy of TSIC's July 2011 monthly operating report
is available for free at http://is.gd/0IlqvJ

                    About Sharper Image

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

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

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

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

Sharper Image changed its name to "TSIC, Inc." following the going
out of business sales of its assets by a group consisting of
Gordon Brothers Retail Partners, LLC, GB Brands, LLC, Hilco
Merchant Resources, LLC, and Hilco Consumer Capital, LLC.


SOUTH EDGE: Posts $883,208 Net Loss in July 2011
------------------------------------------------
South Edge, LLC, reported a net loss of $883,208 on $248 of
revenue for the month of July 2011.

The Debtor's balance sheet at July 31, 2011, showed $514.6 million
in total assets, $458.5 million in total liabilities, and equity
of $56.1 million.

The Debtor ended the period with $1,198,529 cash, from $870,020 at
the beginning of the period.

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

        http://bankrupt.com/misc/southedge.july2011mor.pdf

                         About South Edge

Las Vegas, Nevada-based South Edge LLC owns the Inspirada project,
an uncompleted 2,000-acre residential development in Henderson,
Nevada, about 16 miles (26 kilometers) southeast of Las Vegas.
The eight owners of the project include an affiliate of KB Home, a
49% owner.  Other owners are Coleman Toll LP with 10.5%, Pardee
Homes Nevada Inc. with 4.9%, Meritage Homes with 3.5%, and Beazer
Homes USA Inc. with 2.6%.

JPMorgan Chase Bank, N.A., Credit Agricole Corporate and
Investment Bank, and Wells Fargo Bank, N.A., filed an involuntary
chapter 11 bankruptcy petition (Bankr. D. Nev. Case No. 10-32968)
on Dec. 9, 2010, against South Edge, LLC.  The petitioning
creditors are part of a lender group that provided a $595 million
credit.  New York-based JPMorgan serves as lender and agent for
the group.  South Edge filed motions to dismiss the involuntary
petition.

The Court conducted a contested trial on Jan. 24 and 25, 2011, and
Feb. 2 and 3, 2011.  On Feb. 3, 2011, the Court entered an order
for relief under Chapter 11 of the Bankruptcy Code against the
Debtor and issued an order directing the appointment of a chapter
11 trustee.  The United States Trustee appointed Cynthia Nelson to
serve as Chapter 11 trustee on Feb. 20, 2011.  The Court approved
the appointment three days later.

South Edge is represented by lawyers at Klee, Tuchin, Bogdanoff
and Stern LLP, and The Schwartz Law Firm, Inc., as legal counsel.
The Chapter 11 trustee also tapped Schwartzer & McPherson Law Firm
as local counsel.

Petitioning creditors JPMorgan Chase Bank, N.A., and Wells Fargo
Bank, N.A., are represented by lawyers at Morrison and Foerster
LLP; and Lewis and Roca LLP.  Credit Agricole is represented by
lawyers at Haynes and Boone LLP, and Jolley Urga Wirth Woodbury &
Standish.


SOUTH EDGE: Posts $124,411 Net Loss in June 2011
------------------------------------------------
South Edge, LLC, reported a net loss of $124,411 on $nil revenue
for the month of June 2011.

The Debtor's balance sheet at June 30, 2011, showed $511.9 million
in total assets, $454.9 million in total liabilities, and equity
of $57.0 million.

The Debtor ended the period with $870,020 cash, from $973,419 at
the beginning of the period.

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

        http://bankrupt.com/misc/southedge.june2011mor.pdf

                         About South Edge

Las Vegas, Nevada-based South Edge LLC owns the Inspirada project,
an uncompleted 2,000-acre residential development in Henderson,
Nevada, about 16 miles (26 kilometers) southeast of Las Vegas.
The eight owners of the project include an affiliate of KB Home, a
49% owner.  Other owners are Coleman Toll LP with 10.5%, Pardee
Homes Nevada Inc. with 4.9%, Meritage Homes with 3.5%, and Beazer
Homes USA Inc. with 2.6%.

JPMorgan Chase Bank, N.A., Credit Agricole Corporate and
Investment Bank, and Wells Fargo Bank, N.A., filed an involuntary
chapter 11 bankruptcy petition (Bankr. D. Nev. Case No. 10-32968)
on Dec. 9, 2010, against South Edge, LLC.  The petitioning
creditors are part of a lender group that provided a $595 million
credit.  New York-based JPMorgan serves as lender and agent for
the group.  South Edge filed motions to dismiss the involuntary
petition.

The Court conducted a contested trial on Jan. 24 and 25, 2011, and
Feb. 2 and 3, 2011.  On Feb. 3, 2011, the Court entered an order
for relief under Chapter 11 of the Bankruptcy Code against the
Debtor and issued an order directing the appointment of a chapter
11 trustee.  The United States Trustee appointed Cynthia Nelson to
serve as Chapter 11 trustee on Feb. 20, 2011.  The Court approved
the appointment three days later.

South Edge is represented by lawyers at Klee, Tuchin, Bogdanoff
and Stern LLP, and The Schwartz Law Firm, Inc., as legal counsel.
The Chapter 11 trustee also tapped Schwartzer & McPherson Law Firm
as local counsel.

Petitioning creditors JPMorgan Chase Bank, N.A., and Wells Fargo
Bank, N.A., are represented by lawyers at Morrison and Foerster
LLP; and Lewis and Roca LLP.  Credit Agricole is represented by
lawyers at Haynes and Boone LLP, and Jolley Urga Wirth Woodbury &
Standish.


SUN-TIMES MEDIA: Posts $549,000 Net Loss in July 2011
-----------------------------------------------------
BankruptcyData.com reports that Sun-Times Media Group filed with
the U.S. Bankruptcy Court a monthly operating report for July
2011.  For the period, the Company reported a net loss of $549,000
on zero revenue.

                       About Sun-Times Media

Sun-Times Media Group, Inc. (Pink Sheets: SUTMQ) --
http://www.thesuntimesgroup.com/-- (Pink Sheets: SUTM) owns
media properties including the Chicago Sun-Times and Suntimes.com
and 58 suburban newspaper titles and corresponding Web sites.  The
Company and its affiliates conduct business as a single operating
segment which is concentrated in the publishing, printing, and
distribution of newspapers in greater Chicago, Illinois,
metropolitan area and the operation of various related Web sites.
The Company also has affiliates in Canada, the United Kingdom, and
Burma.

Sun-Times Media's balance sheet at Sept. 30, 2008, showed total
assets of $479.9 million, total liabilities of $801.7 million, and
a stockholders' deficit of $321.8 million.

The Company and its affiliates filed for Chapter 11 bankruptcy
protection on March 31, 2009 (Bankr. D. Del. Case No. 09-11092).
James H.M. Sprayregan, P.C., James A. Stempel, Esq., David A.
Agay, Esq., and Sarah H. Seewer, Esq., at Kirkland & Ellis LLP,
Serve as the Debtors' bankruptcy counsel.  Sun-Times Media's
investment banker is Rothschild Inc. and its restructuring advisor
is Huron Consulting Group.  Kurtzman Carson Consultants LLC is the
Debtors' claims agent.  The Debtors disclosed $479 million in
assets and $801 million in debts as of Nov. 7, 2008.

In October 2009, the bankruptcy judge approved the $25 million
sale of Sun-Times Media Group to STMG Holdings LLC, a private
investor group led by Chicago businessman and Mesirow Financial
Holdings Inc. CEO James C. Tyree.


TERRESTAR NETWORKS: Posts $26.7 Million Net Loss in July 2011
-------------------------------------------------------------
BankruptcyData.com reports that TerreStar Networks reported a net
loss of $26.7 million on $98,137 in revenue in July 2011.

                     About TerreStar Networks

TerreStar Corporation and TerreStar Holdings, Inc., filed
voluntary Chapter 11 petitions with the U.S. Bankruptcy Court for
the Southern District of New York on Feb. 16, 2011.

TSC's Chapter 11 filing joins the bankruptcy proceedings of
TerreStar Networks Inc. and 12 other affiliates, which filed on
Oct. 19, 2010.  The October Chapter 11 cases are procedurally
consolidated under TSN's Case No. 10-15446 under Judge Sean H.
Lane.

TSC is the parent company of each of the October Debtors.  TSC has
four wholly owned direct subsidiaries: TerreStar Holdings, Inc.,
TerreStar New York Inc., Motient Holdings Inc., and MVH Holdings
Inc.

TSC's case is jointly administered with the cases of seven of the
October Debtors under the caption In re TerreStar Corporation, et
al., Case No. 11-10612 (SHL).  The seven Debtor entities who
sought joint administration with TSC are TerreStar New York Inc.,
Motient Communications Inc., Motient Holdings Inc., Motient
License Inc., Motient Services Inc., Motient Ventures Holdings
Inc., and MVH Holdings Inc.

TSC is a Delaware corporation whose main asset is the equity in
non-Debtor TerreStar 1.4 Holdings LLC, which has the right to use
a "1.4 GHz terrestrial spectrum" pursuant to 64 licenses issued by
the Federal Communication Commission.  TSC also has an indirect
89.3% ownership interest in TerreStar Network, Inc., which
operates a separate and distinct mobile communications business.
TerreStar Holdings is a Delaware corporation that directly holds
100% of the interests in 1.4 Holdings LLC.

TerreStar Networks -- TSN -- the principal operating entity of
TSC, developed an innovative wireless communications system to
provide mobile coverage throughout the United States and Canada
using satellite-terrestrial smartphones.  The system, however,
required an enormous amount of capital expenditures and initially
produced very little in the way of revenue.  TSN's available cash
and borrowing capacity were insufficient to cover its funding;
thus, forcing TSN to seek bankruptcy protection in October 2010.

TSC estimated assets and debts of $100 million to $500million in
its Chapter 11 petition.

Ira S. Dizengoff, Esq., at Akin, Gump, Strauss, Hauer & Feld, LLP,
in New York, serves as counsel for the TSC and TSN Debtors.
Garden City Group is the claims and notice agent.  Blackstone
Advisory Partners LP is the financial advisor.  The Garden City
Group, Inc., is the claims and noticing agent in the Chapter 11
cases.

Otterbourg Steindler Houston & Rosen P.C. is the counsel to the
Official Committee of Unsecured Creditors formed in TSN's Chapter
11 cases.  FTI Consulting, Inc., is the Committee's financial
advisor.

TerreStar has signed a contract to sell its business to Dish
Network Corp. for $1.38 billion.  TerreStar cancelled a June 30
auction because there were no competing bids submitted by the
deadline.


WORLDSPACE INC: Posts $126,494 Net Loss in July 2011
----------------------------------------------------
BankruptcyData.com reports that WorldSpace Inc. filed with the
U.S. Bankruptcy Court a monthly operating report for July 2011.
For the period, the Company reported a net loss of $126,494 on
zero revenue.

                     About WorldSpace, Inc.

WorldSpace, Inc. (OTC US: WRSPQ) provided satellite-based radio
and data broadcasting services to paying subscribers in 10
countries throughout Europe, India, the Middle East, and Africa.
WorldSpace, Inc., was founded in 1990 and is headquartered in
Silver Spring, Maryland.

The Debtor and two of its affiliates filed for Chapter 11
bankruptcy protection (Bankr. D. Del., Case No. 08-12412 - 08-
12414) on Oct. 17, 2008.  James E. O'Neill, Esq., Laura Davis
Jones, Esq., and Timothy P. Cairns, Esq., at Pachulski Stang Ziehl
& Jones, LLP, serve as the Debtors' bankruptcy counsel.  Kurtzman
Carson Consultants serves as claims and notice agent.  Neil
Raymond Lapinski, Esq., and Rafael Xavier Zahralddin-Aravena,
Esq., at Elliot Greenleaf, represent the Official Committee of
Unsecured Creditors.  When the Debtors filed for bankruptcy, they
listed total assets of $307,382,000 and total debts of
$2,122,904,000.

WorldSpace, Inc., and certain of its affiliates completed the sale
of substantially all the assets related to business effective
June 23, 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
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related conferences are encouraged.  Send announcements to
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On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

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

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

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

                           *********

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

Troubled Company Reporter is a daily newsletter co-published
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