TCR_Public/111210.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, December 10, 2011, Vol. 15, No. 342

                            Headlines

ALLEN FAMILY: Posts $75,979 Net Loss in Fiscal Month Ended Oct. 29
AMBASSADORS INTERNATIONAL: Ends October 2011 With $1.20MM Cash
ARCHBROOK LAGUNA: Further Amends September 2011 Operating Report
ARCHBROOK LAGUNA: Ends October 2011 With $1.32 Million Cash
ASCENDIA BRANDS: Files Operating Reports for April to August 2011

ATLANTIC & PACIFIC: Reports $10.8 Million Monthly Operating Loss
BEAR ISLAND: Reports $258,000 October Operating Profit
BLACK CROW: Earns $107,000 in October Before Reorganization Costs
BLITZ USA: Files Initial Monthly Operating Report
CHEF SOLUTIONS: Posts $1.4 Million Net Loss in October 2011

FRIENDLY ICE CREAM: Posts $4.6MM Net Loss in Period Ended Oct. 30
GREAT ATLANTIC: Posts $25 Million Net Loss in 4 Weeks Ended Nov. 5
IRWIN MORTGAGE: Ends October 2011 With $5.33 Million Cash
LEHMAN BROTHERS: Has $26.35-Bil. Cash at Oct. 31
LOS ANGELES DODGERS: Turn to Loss in October When Season Ends

MANISTIQUE PAPERS: Loses $1.26MM on $5.81MM Sales in October
MARCO POLO: Posts $1.0 Million Net Loss in October 2011
NEBRASKA BOOK: Files Updated September 2011 Operating Report
NEBRASKA BOOK: Reports $123.4MM Loss in 7 Months Ended October 31
NEWPAGE CORP: Reports $19.9-Mil. Net Loss in October

NORTEL NETWORKS: Ends September 2011 With $1.088 Billion Cash
OTERO COUNTY: Posts $445,446 Net Loss in October 2011
PFF BANCORP: Amends September Schedules of Receipts/Disbursements
PFF BANCORP: Ends October 2011 With $42.34 Million Cash
PHILADELPHIA ORCHESTRA: Reports $6.09 Million October Surplus

REAL MEX: Racks Up $7 Million Net Loss in October
ROBB & STUCKY: Ends September 2011 With $5.53 Million Cash
SHENGDATECH INC: Posts $1.6 Million Net Loss in October 2011
SOLYNDRA LLC: Cash Almost Depleted by Oct. 31
SOUTHWEST GEORGIA: Posts $355,154 Net Income in October 2011

SP NEWSPRINT: Files Initial Monthly Operating Report
VITRO SAB: Mukki LLC Reports $6.95 Million Net Income in October
WASHINGTON MUTUAL: Ends October 2011 With $4.487 Billion Cash




                            *********


ALLEN FAMILY: Posts $75,979 Net Loss in Fiscal Month Ended Oct. 29
------------------------------------------------------------------
Allen's Family Foods, Inc., et al., reported a net loss of $75,979
on $0 net sales for the reporting period Oct. 2, 2011, to Oct. 29,
2011.

The Debtor's balance sheet at Oct. 29, 2011, showed $4.6 million
in total assets, $3.7 million in total liabilities, and
stockholders' equity of $919,672.

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

        http://bankrupt.com/misc/allenfamily.oct29mor.pdf

Allen's Hatchery, Inc., et al., reported a net loss of $194,677 on
$0 net sales for the reporting period Oct. 2, 2011, to Oct. 29,
2011.

The Debtor's balance sheet at Oct. 29, 2011, showed $56.4 million
in total assets, $88.8 million in total liabilities, and a
stockholders' deficit of $32.4 million.

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

      http://bankrupt.com/misc/allen'shatchery.oct29mor.pdf

JCR Enterprises, Inc., et al., reported a net loss of $57,536 on
on $0 net sales for the reporting period Oct. 2, 2011, to Oct. 29,
2011.

The Debtor's balance sheet at Oct. 29, 2011, showed $606,909 in
total assets, $516,911 in total liabilities, and stockholders'
equity of $89,998.

A copy of the operating report is available at

       http://bankrupt.com/misc/jcrenterprises.oct29mor.pdf

                     About Allen Family Foods

Allen Family Foods Inc. is a 92-year-old Seaford, Del., poultry
company.  Allen Family Foods and two affiliates, Allen's Hatchery
Inc. and JCR Enterprises Inc., filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case No. 11-11764) on June 9, 2011.
Allen estimated assets and liabilities between $50 million and
$100 million in its petition.

Robert S. Brady, Esq., and Sean T. Greecher, Esq., at Young,
Conaway, Stargatt & Taylor, in Wilmington, Delaware, serve as
counsel to the Debtors.  FTI Consulting is the financial advisor.
BMO Capital Markets is the Debtors' investment banker.  Epiq
Bankruptcy Solutions LLC is the claims and notice agent.

Roberta DeAngelis, U.S. Trustee for Region 3, appointed seven
creditors to serve on an Official Committee of Unsecured Creditors
in the Debtors' cases.  Lowenstein Sandler PC and Womble Carlyle
Sandridge & Rice, PLLC, serve as counsel for the committee.  J.H.
Cohn LLP serves as the Committee's financial advisor.


AMBASSADORS INTERNATIONAL: Ends October 2011 With $1.20MM Cash
--------------------------------------------------------------
On Nov. 29, 2011, Ambassadors International, Inc., and its U.S.
subsidiaries filed their monthly operating report for the month
ended Oct. 31, 2011, with the U.S. Bankruptcy Court for the
District of Delaware.

As previously disclosed, substantially all the assets of the
Company and the other Debtors were sold on May 25, 2011.  The
Debtors are not currently conducting any business operations and
will have no business operations in the future.   The remaining
net cash proceeds from the sale of assets represent the principal
remaining asset of the Debtors.  Such remaining cash proceeds are
expected to be used to provide for the wind-down and liquidation
of the Company's estate and to pay post-petition administrative
claims in the Company's bankruptcy proceedings.  Accordingly, the
Company does not expect that there will be any proceeds available
for distribution to the Company's stockholders or holders of the
Company's convertible notes.  The Debtors are currently winding up
their activities.

On Sept. 27, 2011, the Bankruptcy Court held a status conference
with respect to a proposed disclosure statement related to a
proposed plan of liquidation of the Debtors filed with the
Bankruptcy Court by the Official Committee of Unsecured Creditors
appointed in the Debtors' bankruptcy cases.  To date, no action
has been taken by the Bankruptcy Court with respect to the
Committee Plan.  At this time, no hearing is set for the
Bankruptcy Court to consider approval of the Committee Plan or
Committee Disclosure Statement.

The Debtors have no operations and recognized no revenue during
October 2011.

At Oct. 31, 2011, the Debtors had $1.20 million in cash,
$34.00 million in total liabilities, and a stockholders' deficit
of $32.80 million.

The Debtors paid a total of $56,923 in professional fees and
$7,808 in U.S. Trustee Quarterly Fees in October.

A copy of the October 2011 operating report is available for free
at http://is.gd/Z2K1p9

                 About Ambassadors International

Headquarters in Seattle, Washington, Ambassadors International,
Inc. (NASDAQ: AMIE) -- http://www.ambassadors.com/-- operates
Windstar Cruises, a three-ship fleet of luxury yachts that explore
the hidden harbors and secluded coves of the world's most sought-
after destinations.  Carrying 148 to 312 guests, the luxurious
ships of Windstar cruise to nearly 50 nations, calling at 100
ports throughout Europe, the Caribbean and the Americas.

Ambassadors International Inc. and 11 affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Del. Lead Case No. 11-11002) on
April 1, 2011.

Kristopher M. Hansen, Esq.; Sayan Bhattacharyya, Esq.; Marianne
Mortimer, Esq.; and Matthew G. Garofalo, Esq., at Stroock &
Stroock & Lavan LLP, serve as the Debtors' bankruptcy counsel.
Imperial Capital, LLC, is the Debtors' financial advisor.  Phase
Eleven Consultants, LLC, is the Debtors' claims and notice agent.
The Debtors tapped Bifferato Gentilotti LLC as Delaware counsel,
and Richards, Layton & Finger as bankruptcy co-counsel.

The Official Committee of Unsecured Creditors tapped Kelley Drye &
Warren LLP as its counsel, and Lowenstein Sandler PC as its
co-counsel.

The Debtors disclosed $86.4 million in total assets and
$87.3 million in total debts as of Dec. 31, 2010.


ARCHBROOK LAGUNA: Further Amends September 2011 Operating Report
----------------------------------------------------------------
As reported in the TCR on Oct. 29, 2011, ArchBrook Laguna Holding
LLC, et al., filed on Oct. 21, 1011, an amended monthly operating
report for the period from Sept. 1, 2011, to Sept. 30, 2011, which
resolves certain formulaic inconsistencies due to a data input
error the Debtors discovered on Oct. 19, 2011.

On Nov. 13, 2011, the Debtors made adjustments to their accounting
practices to properly reflect the allocation of disbursements made
by the Debtors and refunded by Gordon Brothers Group, LLC, who
together with SED International Holdings, Inc., are the purchasers
of substantially all of the Debtors' assets.

On Nov. 16, 2011, the Debtors filed the Amendment to the Amended
MOR ("MOR Amendment") which resolves these inconsistencies.  The
MOR Amendment shows:

                       Disbursements Table

           Debtor           Nov. 16 Amendment   Oct. 21 Amendment

ArchBrook Laguna Holdings                  $0                  $0

ArchBrook Laguna New York                  $0                  $0

ArchBrook Laguna                   $6,078,689          $3,665,194

ArchBrook Laguna West                      $0                  $0

Expert Warehouse                      $50,151             $50,151

Lehrhoff ABL                         $131,304            $131,304

Chimerica Global Logistics                 $0                  $0

A copy of the MOR Amendment is available for free:

       http://bankrupt.com/misc/archbrooklaguna.dkt340.pdf

                      About ArchBrook Laguna

ArchBrook was a procurement and distribution intermediary between
production companies and end retailers.  It distributed consumer
electronics, computers and appliances to principal customers that
include Wal-Mart Stores Inc., Best Buy Co. and Costco Wholesale
Corp.

ArchBrook disclosed assets of $246.2 million against debt totaling
$176.4 million as of March 31, 2011.

ArchBrook Laguna Holdings LLC and certain of its affiliates filed
voluntary petitions for reorganization under chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 11-13292) on
July 8, 2011.

Ira S. Dizengoff, Esq., Michael P. Cooley, Esq., and Alexis
Freeman, Esq., at Akin Gump Strauss Hauer & Feld LLP, in New York,
serve as bankruptcy counsel to ArchBrook Laguna.  The Company is
being advised by Macquarie Capital (USA) Inc. with respect to the
sale process and by Hawkwood Consulting LLC, whose founder Stephen
J. Gawrylewski is Chief Restructuring Officer of the Company.
Macquarie Capital (USA) Inc. is the financial advisor.
PricewaterhouseCoopers LLP is a consultant.

Cooley LLP, in New York, is the counsel for the Official Committee
of Unsecured Creditors.

On Aug. 12, 2011, ArchBrook Laguna LLC won approval to sell its
consumer electronics and appliances distribution business to
Gordon Brothers Group LLC for some $25 million, after fielding
offers at an auction.  On Aug. 15, 2011, the sale closed.


ARCHBROOK LAGUNA: Ends October 2011 With $1.32 Million Cash
-----------------------------------------------------------
ArchBrook Laguna Holding LLC, et al., filed on Nov. 16, 2011, a
monthly operating report for the month of October 2011.

The Debtors reported a net loss of $399,656 on $0 revenue for the
period.  Reorganization items totaled $378,260 and consisted of
professional fees of $327,460 and U.S. Trustee Quarterly Fees of
$50,800.

Based on the Debtors' submitted schedule of cash receipts and
disbursements, the Debtors ended the period with $1,320,028 cash,
compared with $1,219,717 at the beginning of the period.  The
Debtors paid a total of $1,215,823 in professional fees during the
period.  Payment to insiders totaled $19,716.

The Debtors' balance sheet at Oct. 31, 2011, showed $1.4 million
in total assets, $95.3 million in total liabilities, and
stockholders' deficit of $93.9 million.

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

       http://bankrupt.com/misc/archbrooklaguna.dkt339.pdf

                      About ArchBrook Laguna

ArchBrook was a procurement and distribution intermediary between
production companies and end retailers.  It distributed consumer
electronics, computers and appliances to principal customers that
include Wal-Mart Stores Inc., Best Buy Co. and Costco Wholesale
Corp.

ArchBrook disclosed assets of $246.2 million against debt totaling
$176.4 million as of March 31, 2011.

ArchBrook Laguna Holdings LLC and certain of its affiliates filed
voluntary petitions for reorganization under chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 11-13292) on
July 8, 2011.

Ira S. Dizengoff, Esq., Michael P. Cooley, Esq., and Alexis
Freeman, Esq., at Akin Gump Strauss Hauer & Feld LLP, in New York,
serve as bankruptcy counsel to ArchBrook Laguna.  The Company is
being advised by Macquarie Capital (USA) Inc. with respect to the
sale process and by Hawkwood Consulting LLC, whose founder Stephen
J. Gawrylewski is Chief Restructuring Officer of the Company.
Macquarie Capital (USA) Inc. is the financial advisor.
PricewaterhouseCoopers LLP is a consultant.

Cooley LLP, in New York, is the counsel for the Official Committee
of Unsecured Creditors.

On Aug. 12, 2011, ArchBrook Laguna LLC won approval to sell its
consumer electronics and appliances distribution business to
Gordon Brothers Group LLC for some $25 million, after fielding
offers at an auction.  On Aug. 15, 2011, the sale closed.


ASCENDIA BRANDS: Files Operating Reports for April to August 2011
-----------------------------------------------------------------
Ascendia Brands, Inc., filed on Oct. 25, 2011, monthly operating
reports for April, May, June, July and August, 2011.

Ascendia Brands Inc.'s schedule of receipts and disbursements
showed:

                       April     May      June     July     August

Cash, beginning       $1,000   $1,000    $1,000   $1,000    $1,000
Total receipts        $3,750   $2,271    $4,565       $0    $3,750
Total disbursements   $3,750   $2,271    $4,565   $1,000    $3,750
Net cash flow             $0       $0        $0       $0        $0
Cash, end of month    $1,000   $1,000        $0   $1,000    $1,000

A copy of the monthly operating reports are available for free at:

       http://bankrupt.com/misc/ascendiabrands.dkt1095.pdf
       http://bankrupt.com/misc/ascendiabrands.dkt1096.pdf
       http://bankrupt.com/misc/ascendiabrands.dkt1097.pdf
       http://bankrupt.com/misc/ascendiabrands.dkt1098.pdf
       http://bankrupt.com/misc/ascendiabrands.dkt1099.pdf

                      About Ascendia Brands

Headquartered in Hamilton, New Jersey, Ascendia Brands, Inc. --
http://www.ascendiabrands.com/-- was, prior to the sale of
substantially all of its assets during bankruptcy, a manufacturer
and seller of branded and private labeled health and beauty care
products in North America, including Baby Magic, Binaca, Mr.
Bubble, Calgon, Ogilvie, the healing garden, Lander and Lander
Essentials.  Remaining assets consist almost entirely of accounts
receivable.

The Company and six of its affiliates filed for Chapter 11
protection (Bankr. D. Del. Lead Case No. 08-11787) on Aug. 5,
2008.  Kenneth H. Eckstein, Esq., and Robert T. Schmidt, Esq.,
at Kramer Levin Naftalis & Frankel LLP, represent the Debtors in
their restructuring efforts.  M. Blake Cleary, Esq., Edward J.
Kosmoswki, Esq., and Patrick A. Jackson, Esq., at Young, Conaway,
Stargatt & Taylor, LLP, serve as the Debtors' Delaware counsel.
Epiq Bankruptcy Solutions LLC is the notice, claims and balloting
agent to the Debtors.

At July 5, 2008, Ascendia Brands, Inc., had $194,800,000 in total
assets and $279,000,000 in total debts.


ATLANTIC & PACIFIC: Reports $10.8 Million Monthly Operating Loss
----------------------------------------------------------------
Bill Rochelle, bankruptcy columnist for Bloomberg News, reports
that Great Atlantic & Pacific Tea Co., in the process of being
sold through a Chapter 11 plan, filed an operating report showing
a $25 million net loss for four weeks ended Nov. 5 on sales of
$511 million.  The report filed with the U.S. Bankruptcy Court in
White Plains, New York, shows a $10.8 million loss from continuing
operations before interest expense and reorganization costs.

                        About Great Atlantic

Founded in 1859, Montvale, New Jersey-based Great Atlantic &
Pacific is a supermarket retailer, operating under a variety of
well-known trade names, or "banners" across the mid-Atlantic and
Northeastern United States.  Before filing for bankruptcy in 2010,
A&P operated 429 stores in 8 states and the District of Columbia
under the following trade names: A&P, Waldbaum's, Pathmark,
Pathmark Sav-a-Center, Best Cellars, The Food Emporium, Super
Foodmart, Super Fresh and Food Basics.  A&P had 41,000 employees
prior to the bankruptcy filing.

A&P and its affiliates filed Chapter 11 petitions (Bankr. S.D.N.Y.
Case No. 10-24549) on Dec. 12, 2010, in White Plains, New York.
In its petition, A&P reported total assets of $2.5 billion and
liabilities of $3.2 billion as of Sept. 11, 2010.

Paul M. Basta, Esq., James H.M. Sprayregen, Esq., and Ray C.
Schrock, Esq., at Kirkland & Ellis, LLP, in New York, and James J.
Mazza, Jr., Esq., at Kirkland & Ellis LLP, in Chicago, Illinois,
serve as counsel to the Debtors.  Kurtzman Carson Consultants LLC
is the claims and notice agent.  Lazard Freres & Co. LLC is the
financial advisor.  Huron Consulting Group is the management
consultant.  Dennis F. Dunne, Esq., Matthew S. Barr, Esq., and
Abhilash M. Raval, Esq., at Milbank, Tweed, Hadley & McCloy LLP,
represent the Official Committee of Unsecured Creditors.

A&P obtained court approval for a new contract with C&S Wholesale
Grocers Inc., its principal supplier.  The contract is designed to
save A&P $50 million a year when the supermarket operator emerges
from Chapter 11 reorganization.

A&P sold 12 Super-Fresh stores in the Baltimore-Washington area
for $37.83 million, plus the value of inventory.  Thirteen other
locations didn't attract buyers at auction and were closed mid-
July 2011.

A&P filed a proposed Chapter 11 plan founded upon a $490 million
debt and equity financing announced this month.  The proposed
financing, tentatively approved by the bankruptcy judge, allows
A&P to accept a better offer if one appears.  New investors
sponsoring the plan include Yucaipa Cos., Goldman Sachs Group Inc.
and Mount Kellett Capital Management LP.

Atlantic & Pacific has filed a Joint Chapter 11 Plan of
Reorganization and related Disclosure Statement. Pursuant to the
Plan, investors are providing a total New Money Commitment of $490
million in the form of (i) $210 million3 face amount of privately
placed New Second Lien Notes, (ii) $210 million face amount of
privately placed New Convertible Third Lien Notes, and (iii) an
$80 million New Equity Investment. The proceeds of the New Money
Commitment will allow the Debtors to make distributions pursuant
to the Plan, including paying certain secured creditors in full in
cash, and will provide a cash pool of $40 million, less the amount
distributed pursuant to a Substantive Consolidation Settlement
Cash Pool, for distributions to General Unsecured Creditors. The
Plan provides for a settlement and compromise of the intercreditor
issues relating to whether the liabilities and assets of the
Debtors should be substantively consolidated for purposes of
distributions under the Plan.

The Court scheduled a Dec. 15, 2011, hearing to consider approval
of the Disclosure Statement.


BEAR ISLAND: Reports $258,000 October Operating Profit
------------------------------------------------------
Bill Rochelle, bankruptcy columnist for Bloomberg News, reports
that Bear Island Paper Co. LLC reported a $275,000 net profit in
October on net sales of $11.2 million.  The income statement
didn't include any accrual for interest expense.  The operating
profit in the month was $257,800, according to documents filed
with the bankruptcy court in Richmond.

                  About White Birch & Bear Island

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

Bear Island filed a voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Case No. 10-31202) on
Feb. 24, 2010.  At June 30, 2011, the Company had
$141.9 million in total assets, $153.2 million in total
liabilities, and a stockholders' deficit of $11.3 million.

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

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

Bear Island was authorized by the bankruptcy judge in November
2010 to sell the business to a group consisting of Black Diamond
Capital Management LLC, Credit Suisse Group AG and Caspian Capital
Advisors LLC.

Bear Island's Chapter 11 plan is currently scheduled for approval
at a Dec. 20 confirmation hearing.  Under the plan proposed by the
subsidiary of Canada's White Birch Paper Co., first- and second-
lien creditors with $424.9 million and $105 million in claims,
respectively, are expected to recover between 0.5 percent and 4
percent. Unsecured creditors with $1.4 million in claims are to
receive the same dividend.


BLACK CROW: Earns $107,000 in October Before Reorganization Costs
-----------------------------------------------------------------
Bill Rochelle, bankruptcy columnist for Bloomberg News, reports
that Black Crow Media Group LLC reported a $118,600 profit before
reorganization items in October on net revenue of $1.07 million.
With reorganization costs of $107,000, the pretax profit in the
month was $11,635, according to the operating report filed in
bankruptcy court.

                       About Black Crow

Daytona Beach, Florida-based Black Crow Media Group, LLC, owns and
operates 17 FM and 5 AM radio stations in Daytona Beach, Live Oak,
Valdosta, Huntsville, Alabama, and Jackson, Tennessee.

Black Crow filed for Chapter 11 protection two days before a
hearing in U.S. district court where GECC was seeking appointment
of a receiver following default on term loans and a revolving
credit.  GECC was owed $38.9 million at the outset of the
reorganization.

The Company filed for Chapter 11 bankruptcy protection (Bankr.
M.D. Fla. Case No. 10-00172) on Jan. 11, 2010.  The Company's
affiliates -- Black Crow Media, LLC, et al. -- also filed separate
Chapter 11 petitions.

H. Jason Gold, Esq., Valerie P. Morrison, Esq., and Dylan G.
Trache, Esq., at Wiley Rein LLP, in McLean, Virginia, serve as the
Debtors' counsel.  Mariane L. Dorris, Esq., and R. Scott Shuker,
Esq., at Latham, Shuker, Eden & Beaudine, LLP, have been tapped as
co-counsel.  Protiviti Inc. is the Debtors' financial advisor.
Epiq Bankruptcy Solutions, LLC, is the claims and notice agent.
Brian G. Rich, Esq., and Douglas Bates, Esq., at Berger Singerman,
P.A., represent the Official Committee of Unsecured Creditors.

Black Crow disclosed $14,661,198 in assets and $48,830,319 in
liabilities as of the Chapter 11 filing.

Black Crow has a Dec. 27 confirmation hearing for approval
of the Chapter 11 reorganization plan that will sell the
business to Paul C. Stone, who purchased the claim of secured
lender General Electric Capital Corp.


BLITZ USA: Files Initial Monthly Operating Report
-------------------------------------------------
Blitz U.S.A., Inc., et al., filed an initial monthly operating
report with the Bankruptcy Court.  The Debtors submitted a 13-week
cash flow forecast covering the weeks ending Nov. 12, 2011,
through Feb. 4, 2012.

A copy of the initial monthly operating report is available for
free at http://bankrupt.com/misc/blitzusa.dkt76.pdf

                  About Blitz Acquisition Holdings

Miami, Oklahoma-based Blitz Acquisition Holdings, Inc., and its
affiliates filed for Chapter 11 protection (Bankr. D. Del. Case
Nos. 11-13602 to 11-13607) on Nov. 9, 2011.  The Hon. Peter J.
Walsh presides over the case.  Daniel J. DeFranceschi, Esq., at
Richards, Layton & Finger represents the Debtors in their
restructuring efforts.  The Debtors tapped Zolfo Cooper, LLC, as
restructuring advisor; Kurtzman Carson Consultants LLC serves as
notice and claims agent.  Debtor-affiliate Blitz Acquisition
estimated assets and debts at $50 million to $100 million.  The
petitions were signed by Rocky Flick, president and chief
executive officer.


CHEF SOLUTIONS: Posts $1.4 Million Net Loss in October 2011
-----------------------------------------------------------
Chef Solutions Holdings, LLC, et al., reported a net loss of
$1.4 million on $17.1 million of sales for the month ended
Oct. 31, 2011.  Loss before reorganization items and taxes was
$1.1 million in October.  The Debtors incurred a total of $345,422
in professional fees in the month.

At Oct. 31, 2011, the Debtors' balance sheet showed $114.0 million
in total assets, $129.4 million in total liabilities, and a
member's deficit of $15.4 million.

A copy of the October 2011 operating report is available for free
at http://bankrupt.com/misc/chefsolutions.dkt379.pdf

                       About Chef Solutions

Chef Solutions Inc., through subsidiary Orval Kent Food, is the
second largest manufacturer in North America of fresh prepared
foods for retail, foodservice and commercial channels.

Chef Solutions and its affiliates filed for Chapter 11 protection
(Bankr. D. Del. Case No. 11-13139) on Oct. 4, 2011, with the aim
of selling the business to a joint venture between Mistral Capital
Management LLC and Reser's Fine Foods Inc.  Debtor Orval Kent Food
Company disclosed $82,902,336 in assets and $126,085,311 in
liabilities in its schedules.

Judge Kevin Gross presides over the case.  Lawyers at Richards,
Layton & Finger, P.A., serve as the Debtors' bankruptcy counsel.
Donlin Recano is the claims and notice agent.  Piper Jaffray & Co.
has been hired as investment banker.  PricewaterhouseCoopers
serves as financial advisor.

A joint venture between Mistral Capital Management LLC and Reser's
Fine Foods Inc. has signed a contract to buy the business for
$36.4 million in cash and $25.3 million in secured debt.  The deal
is subject to higher and better offers.

Lowenstein Sandler PC and Polsinelli Shughart serve as counsel to
the creditors' committee appointed in the case.  Mesirow Financial
Consulting, LLC, is the financial advisor.


FRIENDLY ICE CREAM: Posts $4.6MM Net Loss in Period Ended Oct. 30
-----------------------------------------------------------------
Friendly Ice Cream Corp., et al., reported a net loss of
$4.6 million on $30.4 million of revenues for the reporting period
ended Oct. 30, 2011.

At Oct. 30, 2011, the Debtors had $260.2 million in total assets,
$485.3 million in total liabilities, and a stockholders' deficit
of $225.1 million.

A copy of the October 2011 operating report is available for free
at http://bankrupt.com/misc/friendlyice.oct30mor.pdf

                     About Friendly Ice Cream

Friendly Ice Cream Corp. -- http://www.friendlys.com/-- the owner
and franchiser of 490 full-service, family-oriented restaurants
and provider of ice cream products in the Eastern United States,
filed for Chapter 11 reorganization together with four affiliates
(Bankr. D. Del. Lead Case No. 11-13167) on Oct. 5, 2011, to sell
the business mostly in exchange for debt to Sundae Group Holdings
II LLC, a unit of Sun Capital Partners Inc.  The existing owner
and holder of the Debtors' second-lien debt are also affiliates of
Sun Capital.  Friendly's, based in Wilbraham, Massachusetts, also
announced the closing of 63 stores, leaving about 424 operating.
Franchise operators have about 230 of the locations.

Judge Kevin Gross oversees the case.  James A. Stempel, Esq., Ross
M. Kwasteniet, Esq., and Jeffrey D. Pawlitz, Esq., at Kirkland &
Ellis LLP; and Laura Davis Jones, Esq., Timothy P. Cairns, Esq.,
and Kathleen P. Makowski, Esq., at Pachulski Stang Ziehl & Jones
LLP, serve as the Debtors' bankruptcy counsel.  Zolfo Cooper
serves as the Debtors' financial advisors.

In its petition, Friendly Ice Cream Corp. estimated $100 million
to $500 million in assets and debts.  The petitions were signed by
Steven C. Sanchioni, executive vice president, chief financial
officer, treasurer, and assistant secretary.

Sundae Group Holdings proposes to pay about $120 million for the
business.  The price includes enough cash to pay first-lien debt
and an amount of cash for unsecured creditors to be negotiated
with the official creditors' committee.  Aside from cash, Sun
Capital will make a credit bid from the $267.7 million in second-
lien, pay-in-kind notes.

The bid from Sun Capital is subject to higher and better offers
at an auction.  Under the proposed time-line, bids would be due
Nov. 24, followed by an auction on Dec. 1.  A competing bid must
be at least $122.6 million in cash.

Friendly's is one of two companies under Sun Capital's portfolio
to file for bankruptcy in a span of two days.  Mexican-food chain
Real Mex, which operates restaurants such as Chevys, filed in
Delaware bankruptcy court on Oct. 3, 2011.

On Oct. 12, 2011, the U.S. Trustee appointed the Committee.  The
Committee currently consists of seven members.  The Committee
selected Akin Gump Straus Hauer & Feld LLP and Blank Rome LLP to
serve as co-counsel to the Committee, and FTI Consulting to serve
as the Committee's financial advisor.


GREAT ATLANTIC: Posts $25 Million Net Loss in 4 Weeks Ended Nov. 5
------------------------------------------------------------------
On Dec. 5, 2011, The Great Atlantic & Pacific Tea Company, Inc.,
and its U.S. subsidiaries filed their monthly operating report for
the period from Oct. 9, 2011, to Nov. 5, 2011, with the U.S.
Bankruptcy Court for the Southern District of New York.

The Debtors reported a net loss of $25.0 million on $511.0 million
of sales for the four weeks ended Nov. 5, 2011.

At Nov. 5, 2011, the Debtors' consolidated balance sheet showed
$2.201 billion in total assets, $3.504 billion in total
liabilities, $147.8 million in Series A redeemable preferred
stock, and a stockholders' deficit of $1.450 billion.  The Debtors
ended the period with $234.1 million in cash and cash equivalents
compared to $234.4 million at the beginning of the period.

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

                       http://is.gd/GjaNPJ

                  About Great Atlantic & Pacific

Founded in 1859, Montvale, New Jersey-based Great Atlantic &
Pacific is a supermarket retailer, operating under a variety of
well-known trade names, or "banners" across the mid-Atlantic and
Northeastern United States.  Before filing for bankruptcy in 2010,
A&P operated 429 stores in 8 states and the District of Columbia
under the following trade names: A&P, Waldbaum's, Pathmark,
Pathmark Sav-a-Center, Best Cellars, The Food Emporium, Super
Foodmart, Super Fresh and Food Basics.  A&P had 41,000 employees
prior to the bankruptcy filing.

A&P and its affiliates filed Chapter 11 petitions (Bankr. S.D.N.Y.
Case No. 10-24549) on Dec. 12, 2010, in White Plains, New York.
In its petition, A&P reported total assets of $2.5 billion and
liabilities of $3.2 billion as of Sept. 11, 2010.

Paul M. Basta, Esq., James H.M. Sprayregen, Esq., and Ray C.
Schrock, Esq., at Kirkland & Ellis, LLP, in New York, and James J.
Mazza, Jr., Esq., at Kirkland & Ellis LLP, in Chicago, Illinois,
serve as counsel to the Debtors.  Kurtzman Carson Consultants LLC
is the claims and notice agent.  Lazard Freres & Co. LLC is the
financial advisor.  Huron Consulting Group is the management
consultant.  Dennis F. Dunne, Esq., Matthew S. Barr, Esq., and
Abhilash M. Raval, Esq., at Milbank, Tweed, Hadley & McCloy LLP,
represent the Official Committee of Unsecured Creditors.

A&P obtained court approval for a new contract with C&S Wholesale
Grocers Inc., its principal supplier.  The contract is designed to
save A&P $50 million a year when the supermarket operator emerges
from Chapter 11 reorganization.

A&P sold 12 Super-Fresh stores in the Baltimore-Washington area
for $37.83 million, plus the value of inventory.  Thirteen other
locations didn't attract buyers at auction and were closed mid-
July 2011.

A&P filed a proposed Chapter 11 plan founded upon a $490 million
debt and equity financing announced this month.  The proposed
financing, tentatively approved by the bankruptcy judge, allows
A&P to accept a better offer if one appears.  New investors
sponsoring the plan include Yucaipa Cos., Goldman Sachs Group Inc.
and Mount Kellett Capital Management LP.


IRWIN MORTGAGE: Ends October 2011 With $5.33 Million Cash
---------------------------------------------------------
Irwin Mortgage Corporation filed on Nov. 14, 2011, its monthly
operating report for October 2011.

The Debtor submitted a cash receipts & disbursements summary for
October, disclosing:

     Beginning Cash                  $5,435,670
     Receipts                            $3,153
     Disbursements                     $100,883
     Net Receipts (Disbursement)       ($97,730)
     Ending Cash                     $5,337,940

Professional fees included in total disbursements totaled $96,908.

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

        http://bankrupt.com/misc/irwinmortgage.dkt176.pdf

                       About Irwin Mortgage

For a number of years, Irwin Mortgage Corporation, based in
Dublin, Ohio, originated, purchased, sold and serviced
conventional and government agency backed residential mortgage
loans throughout the United States.  However, in 2006 and
continuing into early 2007, IMC sold substantially all of its
assets, including its mortgage origination business, its mortgage
servicing business, and its mortgage servicing rights portfolio,
to a number of third party purchasers.  As a result of those
sales, IMC terminated its operations and has been winding down
since 2006.

Irwin Mortgage filed for Chapter 11 bankruptcy (Bankr. S.D. Ohio
Case No. 11-57191) on July 8, 2011.  Judge Charles M. Caldwell
presides over the case. In its petition, the Debtor estimated
assets of $10 million to $50 million, and debts of $50 million to
$100 million.  The petition was signed by Fred C. Caruso,
president.

Nick V. Cavalieri, Esq., and Matthew T. Schaeffer, Esq., at Bailey
Cavalieri LLC, serve as the Debtor's counsel.  Fred C. Caruso and
Development Specialists Inc. provide wind-down management services
to the Debtor.


LEHMAN BROTHERS: Has $26.35-Bil. Cash at Oct. 31
------------------------------------------------
Lehman Brothers Holdings Inc. disclosed these cash receipts and
disbursements of the company, its affiliated debtors and
controlled entities for the month ended October 31, 2011:

Beginning Total Cash & Investments (10/01/11)  $25,737,000,000
Total Sources of Cash                            1,560,000,000
Total Uses of Cash                                (962,000,000)
FX Fluctuation                                      16,000,000
                                               ---------------
Ending Total Cash & Investments (10/31/11)     $26,351,000,000

LBHI reported $4.225 billion in cash and investments as of
October 1, 2011, and $4.857 billion as of October 31, 2011.

The monthly operating report also showed that a total of
$37.191 million was paid last month to the U.S Trustee and
professionals that were retained in the Debtors' Chapter 11
cases.

From September 15, 2008 to October 31, 2011, a total of
$1,479,849,000 was paid to the U.S. Trustee and professionals, of
which $487,593,000 was paid to the Debtors' turnaround manager
Alvarez & Marsal LLC while $358,649,000 was paid to their
bankruptcy counsel, Weil Gotshal & Manges LLP.

A copy of the October 2011 Operating Report is available for free
at http://bankrupt.com/misc/LehmanMOROct3111.pdf

                       About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was
the fourth largest investment bank in the United States.  For
more than 150 years, Lehman Brothers has been a leader in the
global financial markets by serving the financial needs of
corporations, governmental units, institutional clients and
individuals worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy
petition disclosed US$639 billion in assets and US$613 billion in
debts, effectively making the firm's bankruptcy filing the
largest in U.S. history.  Several other affiliates followed
thereafter.

Additional units, Merit LLC, LB Somerset LLC and LB Preferred
Somerset LLC, sought for bankruptcy protection in December 2009
or more than a year after LBHI and its other affiliates filed
their bankruptcy cases.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at
Weil, Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI.

The Bankruptcy Court has approved Barclays Bank Plc's purchase
of Lehman Brothers' North American investment banking and
capital markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also bought
Lehman's operations in the Asia Pacific for US$225 million.

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers
International (Europe) on Sept. 15, 2008.  The joint
administrators have been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan
Inc. filed for bankruptcy in the Tokyo District Court on
Sept. 16.  Lehman Brothers Japan Inc. reported about JPY3.4
trillion (US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates.  (http://bankrupt.com/newsstand/or
215/945-7000)


LOS ANGELES DODGERS: Turn to Loss in October When Season Ends
-------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the Los Angeles Dodgers' operating report for October
shows the seasonality of cash flows for a sports team.  With the
season has ended, revenue in October collapsed to $705,000, where
aggregate revenue for the last five months had been $147.6 million
at the holding company level.  October had a $8.8 million
operating loss and a $14.9 million net loss at the holding
company.  Over five months ended Oct. 31, cumulative income from
operations for the holding company was $7 million.  The net loss
in the period was $23.8 million, in view of $9.9 million in
bankruptcy expenses and $20.1 million in interest expense.

                     About Los Angeles Dodgers

Los Angeles Dodgers LLC operates the Los Angeles Dodgers, a
professional Major League Baseball club in the Los Angeles
metropolitan area.  Frank McCourt, a Boston real-estate developer
who unsuccessfully bid for the Boston Red Sox, bought the Dodgers
from Rupert Murdoch's Fox Entertainment Group, Inc. in 2004 for
$330 million.  Mr. McCourt also bought the Dodgers Stadium from
Fox for $100 million.

Los Angeles Dodgers LLC filed for bankruptcy protection (Bankr.
D. Del. Lead Case No. 11-12010) on June 27, 2011, after MLB
Commissioner Bud Selig rejected a television deal with News
Corp.'s Fox Sports, leaving Mr. McCourt unable to make payroll for
June 30 and July 1.  Fox Sports has exclusive cable television
rights for Dodgers games until the end of 2013 baseball season.

Chapter 11 filings were also made for LA Real Estate LLC, an
affiliated entity which owns Dodger Stadium, and three other
related holding companies.

The petition estimates assets of up to $500 million and debts of
up to $1 billion.  In its schedules, the LA Dodgers baseball club
disclosed $77,963,734 in assets and $4,695,702 in liabilities.  LA
Real Estate LLC disclosed $161,761,883 in assets and $0 in
liabilities.

According to Forbes, the team is worth about $800 million, making
it the third most valuable baseball team after the New York
Yankees and the Boston Red Sox.

Judge Kevin Gross presides over the case.  Lawyers at Young,
Conaway, Stargatt & Taylor and Dewey & LeBoeuf LLP serve as the
Debtors' bankruptcy counsel.  Epiq Bankruptcy Solutions LLC is the
claims and notice agent.  Public relations specialist Kekst and
Company has been hired for crisis support.  Covington & Burling
LLP serves as special counsel.

An official committee of unsecured creditors has been appointed in
the case.  The panel has tapped Lazard Freres & Co. as financial
adviser and investment banker, and Morrison & Foerster LLP and
Pinckney, Harris & Weidinger, LLC as counsel.

The LA Dodgers is the 12th sports team in North America to have
Journal.
sought bankruptcy protection, according to The Wall Street

The reorganization is being financed with a $150 million unsecured
loan from the Commissioner of Major League Baseball.  The loan
gives the Commissioner few of the controls lenders often demanded
from bankrupt companies.


MANISTIQUE PAPERS: Loses $1.26MM on $5.81MM Sales in October
------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Manistique Papers Inc. filed an operating report in
bankruptcy court showing a $1.26 million net loss in October on
net revenue of $5.81 million.  Gross profit in the month was
$95,800. Reorganization costs were $394,000.

                    About Manistique Papers

Manistique Papers Inc. operates a landfill in Manistique,
Michigan, whereby residuals resulting from paper production are
deposited.  It owns a 125,000 ton-a-year plant making specialty
papers from recycled fiber.  Manistique Papers filed for Chapter
11 bankruptcy protection (Bankr. D. Del. Case No. 11-12562) on
Aug. 12, 2011.

Godfrey & Kahn, S.C. represents the Debtor in its restructuring
effort.  Morris, Nichols, Arsht & Tunnell LLP serves as its
Delaware bankruptcy co-counsel.  Vector Consulting, L.L.C., serves
as its financial advisor.  Baker Tilly Virchow Krause, LLC, serves
as its accountant.

The Official Committee of Unsecured Creditors appointed in the
Chapter 11 cases of Manistique Papers is represented by Lowenstein
Sandler PC as lead counsel and Ashby & Geddes, P.A., as Delaware
counsel.  J.H. Cohn LLC serves as the panel's financial advisor.
Manistique Papers disclosed $19,688,471 in assets and $24,633,664
in liabilities as of the Chapter 11 filing.

Manistique, based in a Michigan town of the same name, started the
process leading toward an auction of the business on Feb. 13,
2012.  No buyer is yet under contract.


MARCO POLO: Posts $1.0 Million Net Loss in October 2011
-------------------------------------------------------
Marco Polo Seatrade B.V., et al., reported a net loss on
$1.0 million on $1.6 million of net freight income for
October 2011.

At Oct. 31, 2011, the Debtors had $300.5 million in total assets,
$341.7 million in total liabilities, and stockholders' deficit of
$41.2 million.  The Debtors ended the period with $1,528,839 cash.

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

          http://bankrupt.com/misc/marcopolo.dkt244.pdf

                       About Marco Polo

Marco Polo Seatrade B.V. operates an international commercial
vessel management company that specializes in providing commercial
and technical vessel management services to third parties.
Founded in 2005, the Company mainly operates under the name of
Seaarland Shipping Management and maintains corporate headquarters
in Amsterdam, the Netherlands.  The primary assets consist of six
tankers that are regularly employed in international trade, and
call upon ports worldwide.

Marco Polo and three affiliated entities filed for Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 11-13634) on July 29,
2011.  The other affiliates are Seaarland Shipping Management
B.V.; Magellano Marine C.V.; and Cargoship Maritime B.V.

Marco Polo is the sole owner of Seaarland, which in turn is the
sole owner of Cargoship, and also holds a 5% stake in Magellano.
The remaining 95% stake in Magellano is owned by Amsterdam-based
Poule B.V., while another Amsterdam company, Falm International
Holding B.V. is the sole owner of Marco Polo.  Falm and Poule
didn't file bankruptcy petitions.

The filings were prompted after lender Credit Agricole Corporate
& Investment Bank seized one ship on July 21, 2011, and was on
the cusp of seizing two more on July 29.  The arrest of the
vessel was authorized by the U.K. Admiralty Court.  Credit
Agricole also attached a bank account with almost US$1.8 million
on July 29.  The Chapter 11 filing precluded the seizure of the
two other vessels.

The cases are before Judge James M. Peck.  Evan D. Flaschen, Esq.,
Robert G. Burns, Esq., and Andrew J. Schoulder, Esq., at Bracewell
& Giuliani LLP, serve as the Debtors' bankruptcy counsel.
Kurtzman Carson Consultants LLC serves as notice and claims agent.

The petition noted that the Debtors' assets and debt are both
more than US$100 million and less than US$500 million.

Tracy Hope Davis, United States Trustee for Region 2, appointed
three members to serve on the Official Committee of Unsecured
Creditors.  The Committee has retained Blank Rome LLP as its
attorney.

Secured lender Credit Agricole Corporate and Investment Bank is
represented by Alfred E. Yudes, Jr., Esq., and Jane Freeberg
Sarma, Esq., at Watson, Farley & Williams (New York) LLP.


NEBRASKA BOOK: Files Updated September 2011 Operating Report
------------------------------------------------------------
On Nov. 28, 2011, Nebraska Book Company, Inc., et al., filed their
updated monthly operating report for the period from Sept. 1,
2011, to Sept. 30, 2011 with the Bankruptcy Court.  The original
monthly operating report for the period from Sept. 1, 2011, to
Sept. 30, 2011, was filed with the Court on Oct. 31, 2011.

The Updated Monthly Operating Report includes revised unaudited
financial information for goodwill and other impairment amounts
($122,638,927).

As with the Original Monthly Operating Report, the Updated Monthly
Operating Report includes deferral of $14.6 million of revenue and
$7.8 million of gross margin for the quarter ended Sept. 30, 2011.
The deferred revenue and gross margin will be fully recognized
during the quarter ended Dec. 31, 2011.

The Debtors reported a consolidated net loss of $115.4 million on
$305.8 million of revenues for the six months ended Sept. 30,
2011.  Loss before income taxes was $141.7 million.  Income tax
benefit was $26.3 million for the period.

The Debtors' balance sheet at Sept. 30, 2011, showed
$547.1 million in total assets, $431.1 million in total
liabilities, $284.8 million in Series A redeemable preferred stock
and a stockholders' deficit of $168.8 million.

Payments to professionals totaled $1,722,584 in September.

The Updated Monthly Operating Report is available for free at:

                       http://is.gd/1Jkwlm

                       About Nebraska Book

Lincoln, Nebraska-based Nebraska Book Company, Inc., is one of the
leading providers of new and used textbooks for college students
in the United States.  Nebraska Book and seven affiliates filed
separate Chapter 11 petitions (Bankr. D. Del. Case Nos. 11-12002
to 11-12009) on June 27, 2011.  Hon. Peter J. Walsh presides over
the case.  Lawyers at Kirkland & Ellis LLP and Pachulski Stang
Ziehl & Jones LLP, serve as the Debtors' bankruptcy counsel.  The
Debtors; restructuring advisors are AlixPartners LLC; the
investment bankers are Rothschild, Inc.; the auditors are Deloitte
& Touche LLP; and the claims agent is Kurtzman Carson Consultants
LLC.  As of the Petition Date, the Debtors had consolidated assets
of $657,215,757 and debts of $563,973,688.

JPMorgan Chase Bank N.A., as administrative agent for the DIP
lenders, is represented by lawyers at Richards, Layton & Finger,
P.A., and Simpson Thacher & Bartlett LLP.  J.P. Morgan Investment
Management Inc., the DIP arranger, is represented by lawyers at
Bayard, P.A., and Willkie Farr & Gallagher LLP.

An ad hoc committee of holders of more than 50% of the Debtors'
Second Lien Notes is represented by lawyers at Brown Rudnick.  An
ad hoc committee of holders of the Debtors' 8.625% unsecured
notes are represented by Milbank, Tweed, Hadley & McCloy LLP.

The Official Committee of Unsecured Creditors selected Lowenstein
Sandler LLP and Stevens & Lee, P.C., as lawyers and Mesirow
Financial Inc. as financial advisers.

Nebraska Book prepared a pre-packaged Chapter 11 plan that would
swap some of the existing debt for new debt, cash and the new
stock.


NEBRASKA BOOK: Reports $123.4MM Loss in 7 Months Ended October 31
-----------------------------------------------------------------
On Nov. 30, 2011, the Debtors filed their monthly operating report
for the period from Oct. 1, 2011, to Oct. 31, 2011, with the
Bankruptcy Court.  The monthly operating report includes deferral
of $8.8 million of revenue and $4.5 million of gross margin for
the period ended Oct. 31, 2011.  The deferred revenue and gross
margin will be fully recognized during the quarter ended Dec. 31,
2011.

The Debtors reported a consolidated net loss of $123.4 million on
$325.9 million of revenues for the seven months ended Oct. 31,
2011.  Loss before income taxes was $151.6 million.  Income tax
benefit was $28.2 million for the period.

The Debtors' balance sheet at Oct. 31, 2011, showed $497.3 million
in total assets, $660.0 million in total liabilities,
$14.1 million in Series A redeemable preferred stock, and a
stockholders' deficit of $176.8 million .

Payments to professionals totaled $1,154,981 for October.

The Monthly Operating Report is available for free at:

                       http://is.gd/At9kTc

                       About Nebraska Book

Lincoln, Nebraska-based Nebraska Book Company, Inc., is one of the
leading providers of new and used textbooks for college students
in the United States.  Nebraska Book and seven affiliates filed
separate Chapter 11 petitions (Bankr. D. Del. Case Nos. 11-12002
to 11-12009) on June 27, 2011.  Hon. Peter J. Walsh presides over
the case.  Lawyers at Kirkland & Ellis LLP and Pachulski Stang
Ziehl & Jones LLP, serve as the Debtors' bankruptcy counsel.  The
Debtors; restructuring advisors are AlixPartners LLC; the
investment bankers are Rothschild, Inc.; the auditors are Deloitte
& Touche LLP; and the claims agent is Kurtzman Carson Consultants
LLC.  As of the Petition Date, the Debtors had consolidated assets
of $657,215,757 and debts of $563,973,688.

JPMorgan Chase Bank N.A., as administrative agent for the DIP
lenders, is represented by lawyers at Richards, Layton & Finger,
P.A., and Simpson Thacher & Bartlett LLP.  J.P. Morgan Investment
Management Inc., the DIP arranger, is represented by lawyers at
Bayard, P.A., and Willkie Farr & Gallagher LLP.

An ad hoc committee of holders of more than 50% of the Debtors'
Second Lien Notes is represented by lawyers at Brown Rudnick.  An
ad hoc committee of holders of the Debtors' 8.625% unsecured
notes are represented by Milbank, Tweed, Hadley & McCloy LLP.

The Official Committee of Unsecured Creditors selected Lowenstein
Sandler LLP and Stevens & Lee, P.C., as lawyers and Mesirow
Financial Inc. as financial advisers.

Nebraska Book prepared a pre-packaged Chapter 11 plan that would
swap some of the existing debt for new debt, cash and the new
stock.


NEWPAGE CORP: Reports $19.9-Mil. Net Loss in October
----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that NewPage Corp. filed an operating report showing a net
loss in October of $19.9 million on net sales of $296.9 million.

                      About NewPage Corp.

Headquartered in Miamisburg, Ohio, NewPage Corporation is the
leading producer of printing and specialty papers in North
America, based on production capacity, with $3.6 billion in net
sales for the year ended December 31, 2010.  The company's product
portfolio is the broadest in North America and includes coated
freesheet, coated groundwood, supercalendered, newsprint and
specialty papers.  These papers are used for corporate collateral,
commercial printing, magazines, catalogs, books, coupons, inserts,
newspapers, packaging applications and direct mail advertising.

NewPage owns paper mills in Kentucky, Maine, Maryland, Michigan,
Minnesota, Wisconsin and Nova Scotia, Canada.  These mills have a
total annual production capacity of approximately 4.1 million tons
of paper, including approximately 2.9 million tons of coated
paper, approximately 1.0 million tons of uncoated paper and
approximately 200,000 tons of specialty paper.

NewPage, along with affiliates, filed Chapter 11 bankruptcy
protection (Bankr. D. Del. Lead Case No. 11-12804) on Sept. 7,
2011.  Martin J. Bienenstock, Esq., Judy G.Z. Liu, Esq., and
Philip M. Abelson, Esq., Dewey & Leboeuf LLP, in New York, serve
as counsel.  Laura Davis Jones, Esq., at Pachulski Stang Ziehl &
Jones LLP, in Wilmington, Delaware, serves as co-counsel.  Lazard
Freres & Co. LLC is the investment banker, and FTI Consulting Inc.
is the financial advisor.  Kurtzman Carson Consultants LLC is the
claims and notice agent.  In its balance sheet, the Debtors
disclosed $3.4 billion in assets and $4.2 billion in total
liabilities as of June 30, 2011.

At an organizational meeting of creditors held on Sept. 21, 2011,
the Committee selected Paul Hastings LLP as its bankruptcy
counsel and Young Conaway Stargatt & Taylor, LLP to act as its
Delaware and conflicts counsel.

NewPage prevailed over most objections from the official
creditors' committee and won agreement from the bankruptcy judge
on final approval of $600 million in secured financing.

Moody's Investors Service assigned a Ba2 rating to the
$350 million first-out revolving debtor-in-possession credit
facility and a B2 rating to the $250 million second-out debtor-in-
possession term loan for NewPage.


NORTEL NETWORKS: Ends September 2011 With $1.088 Billion Cash
-------------------------------------------------------------
Nortel Networks Inc. filed on Nov. 18, its monthly operating
report for the filing period ended Sept. 30, 2011.

Nortel Networks Inc. ended September 2011 with $1.088 billion in
cash and cash equivalents, as compared to $1.035 billion at the
beginning of the month.

As of Sept. 30, 2011, Nortel Networks Inc. had $1.433 billion
in total assets, $5.699 billion in total liabilities, and a
stockholders' deficit of $4.266 billion.

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

        http://bankrupt.com/misc/nni.september2011mor.pdf

                       About Nortel Networks

Nortel Networks (OTC BB: NRTLQ) -- http://www.nortel.com/-- was
once North America's largest communications equipment provider.
It has sold most of the businesses while in bankruptcy.

Nortel Networks Corp., Nortel Networks Inc., and other affiliated
corporations in Canada sought insolvency protection under the
Companies' Creditors Arrangement Act in the Ontario Superior Court
of Justice (Commercial List).  Ernst & Young was appointed to
serve as monitor and foreign representative of the Canadian Nortel
Group.

The Monitor sought recognition of the CCAA Proceedings in the
U.S. by filing a bankruptcy petition under Chapter 15 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10164).  Mary
Caloway,Esq., and Peter James Duhig, Esq., at Buchanan Ingersoll &
Rooney PC, in Wilmington, Delaware, serves as the Chapter 15
petitioner's counsel.

Nortel Networks Inc. and 14 affiliates filed separate Chapter 11
petitions (Bankr. D. Del. Case No. 09-10138) on Jan. 14, 2009.
Judge Kevin Gross presides over the case.  James L. Bromley, Esq.,
at Cleary Gottlieb Steen & Hamilton, LLP, in New York, serves as
general bankruptcy counsel; Derek C. Abbott, Esq., at Morris
Nichols Arsht & Tunnell LLP, in Wilmington, serves as Delaware
counsel.  The Chapter 11 Debtors' other professionals are Lazard
Freres & Co. LLC as financial advisors; and Epiq Bankruptcy
Solutions LLC as claims and notice agent.  Fred S. Hodara, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, in New York, and
Christopher M. Samis, Esq., at Richards, Layton & Finger, P.A., in
Wilmington, Delaware, represent the Official Committee of
Unsecured Creditors.

Certain of Nortel's European subsidiaries also made consequential
filings for creditor protection.  On May 28, 2009, at the request
of the Administrators, the Commercial Court of Versailles, France
ordered the commencement of secondary proceedings in respect of
Nortel Networks S.A.  On June 8, 2009, Nortel Networks UK Limited
filed petitions in this Court for recognition of the English
Proceedings as foreign main proceedings under chapter 15 of the
Bankruptcy Code.

Nortel Networks divested off key assets while in Chapter 11.
Nortel has raised $3.2 billion by selling its operations as it
prepares to wind up a two-year liquidation due to insolvency.

In June 2011, Nortel added US$4.5 billion to its cash pile after
agreeing to sell its remaining patent portfolio to Rockstar Bidco
LP, a consortium consisting of Apple Inc., EMC Corporation,
Telefonaktiebolaget LM Ericsson, Microsoft Corp., Research In
Motion Limited, and Sony Corporation.  The consortium defeated a
$900 million stalking horse bid by Google Inc. at an auction.  The
deal closed in July.

Nortel Networks has filed a proposed plan of liquidation in the
U.S. Bankruptcy Court.  The Plan generally provides for full
payment on secured claims with other distributions going in
accordance with the priorities in bankruptcy law.


OTERO COUNTY: Posts $445,446 Net Loss in October 2011
-----------------------------------------------------
Otero County Hospital Association, Inc. (d/b/a Gerald Champion
Regional Medical Center, d/b/a Mountain View Catering), filed on
Nov. 21, 2011, a standard monthly operating report (business) for
the month of October 2011.

Gerald Champion Regional Medical Center's Hospital & Physician
Income Statement showed a net loss of $445,446 on $8.5 million of
revenue for the period.

The financial statements do not include an accrued liability for
defense and settlement of pending lawsuits and reorganization
costs under the Chapter 11 bankruptcy filed on Aug. 16, 2011.

Gerald Champion Regional Medical Center's Hospital Physician and
Balance Sheet at Oct. 31, 2011, showed $150.3 million in total
assets, $56.3 million in total liabilities & deferred income, and
total equity of $94.0 million.

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

         http://bankrupt.com/misc/oterocounty.dkt224.pdf

                   About Otero County Hospital

Otero County Hospital Association Inc. filed for Chapter 11
protection (Bankr. D. N.M. Case No. 11-13686) in Albuquerque, New
Mexico, on Aug. 16, 2011.  The Alamogordo, New Mexico-based
nonprofit developed and operates the Gerald Champion Regional
Medical Center.  GCRMC serves a total population of approximately
70,000 people.  The Debtor disclosed $124,186,104 in assets and
$40,506,759 in liabilities as of the Chapter 11 filing.

Otero County Hospital Association also does business as Mountain
View Catering.

Judge Robert H. Jacobvitz presides over the case. Craig H. Averch,
Esq., and Roberto J. Kampfner, Esq., at White & Case, LLP, in Los
Angeles; and John D. Wheeler, Esq., at John D. Wheeler &
Associates, PC, in Alamogordo, New Mexico, serve as bankruptcy
counsel.  Kurtzman Carson Consultants, LLC, serves as claims
agent.

The Debtor disclosed $124,186,104 in assets and $40,506,759 in
liabilities as of the Chapter 11 filing.

Alice Nystel Page, United States Trustee for Region 20 appointed
five unsecured creditors to serve on the Official Committee of
Unsecured Creditors of the Debtor.

The U. S. Trustee appointed E. Marissa Lane PLLC as patient care
ombudsman on Sept. 13, 2011.


PFF BANCORP: Amends September Schedules of Receipts/Disbursements
-----------------------------------------------------------------
As reported in the TCR on Nov. 5, 2011, PFF Bancorp, Inc.,
Glencrest Investment Advisors, Inc., Glencrest Insurance Services,
Inc., Diversified Builder Services, Inc., and PFF Real Estate
Services, Inc., filed on Oct. 20, 2011, their monthly operating
reports for September 2011 with the United States Bankruptcy Court
for the District of Delaware.

On Nov. 21, 2011, the Debtors filed a First Amendment to their
monthly operating reports for the period Sept. 1, 2011, to
Sept.  30, 2011.  The Company is filing this First Amendment for
the sole purpose of correcting the summary of cash receipts and
disbursements included in the Original Filing.

The First Amendment does not modify or update in any way the
Original Filing.  All disclosure provided in this First Amendment
is as of the date of the Original Filing.

The corrected schedule of cash receipts and disbursements show:

         Cash, Beginning         $44,820,642
         Receipts                $45,771,737
         Disbursements           $48,218,271
         Net Cash Flow           ($2,446,534)
         Cash, End               $42,374,108

Payments to professionals totaled $981,396 in September.

A copy of the First Amendment is available for free at:

                       http://is.gd/NhcK8L

                        About PFF Bancorp

PFF Bancorp Inc. -- http://www.pffbank.com/-- was a non-
diversified unitary savings and loan holding company within the
meaning of the Home Owners' Loan Act with headquarters formerly
located in Rancho Cucamonga, California.  Bancorp is the direct
parent of each of the remaining Debtors.

Prior to filing for bankruptcy, Bancorp was also the direct parent
of PFF Bank & Trust, a federally chartered savings institution,
and said bank's subsidiaries.  PFF Bank & Trust was taken over by
regulators in November 2008, with the deposits transferred by the
Federal Deposit Insurance Corp. to U.S. Bank NA.

PFF Bancorp Inc. and its affiliates sought Chapter 11 protection
on Dec. 5, 2008 (Bankr. D. Del. Case No. 08-13127 to
08-13131).  Chun I. Jang, Esq., and Paul N. Heath, Esq., at
Richards, Layton & Finger, P.A., serve as the Debtors' bankruptcy
counsel.  Kurtzman Carson Consultants LLC serves as the Debtors'
claims agent.  Jason W. Salib, Esq., at Blank Rome LLP, represents
the official committee of unsecured creditors as counsel.


PFF BANCORP: Ends October 2011 With $42.34 Million Cash
-------------------------------------------------------
PFF Bancorp, Inc., Glencrest Investment Advisors, Inc., Glencrest
Insurance Services, Inc., Diversified Builder Services, Inc., and
PFF Real Estate Services, Inc., filed on Nov. 21, 2011, their
monthly operating reports for October 2011 with the United
States Bankruptcy Court for the District of Delaware.

PFF Bancorp reported a net loss of $57,943 for the period.

At Oct. 31, 2011, PFF Bancorp had total assets of $55.1 million,
total liabilities of $160.0 million, and a stockholders' deficit
of $104.9 million.

The Debtors ended October 2011 with $42,347,222 cash, compared to
beginning cash of $42,374,108.

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

                       http://is.gd/IyniRa

                        About PFF Bancorp

PFF Bancorp Inc. -- http://www.pffbank.com/-- was a non-
diversified unitary savings and loan holding company within the
meaning of the Home Owners' Loan Act with headquarters formerly
located in Rancho Cucamonga, California.  Bancorp is the direct
parent of each of the remaining Debtors.

Prior to filing for bankruptcy, Bancorp was also the direct parent
of PFF Bank & Trust, a federally chartered savings institution,
and said bank's subsidiaries.  PFF Bank & Trust was taken over by
regulators in November 2008, with the deposits transferred by the
Federal Deposit Insurance Corp. to U.S. Bank NA.

PFF Bancorp Inc. and its affiliates sought Chapter 11 protection
on Dec. 5, 2008 (Bankr. D. Del. Case No. 08-13127 to
08-13131).  Chun I. Jang, Esq., and Paul N. Heath, Esq., at
Richards, Layton & Finger, P.A., serve as the Debtors' bankruptcy
counsel.  Kurtzman Carson Consultants LLC serves as the Debtors'
claims agent.  Jason W. Salib, Esq., at Blank Rome LLP, represents
the official committee of unsecured creditors as counsel.


PHILADELPHIA ORCHESTRA: Reports $6.09 Million October Surplus
-------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the Philadelphia Orchestra reported a net surplus of
$6.09 million in October.  Total operating revenue for the month
was $969,000, according to the operating report filed with the
U.S. Bankruptcy Court in Philadelphia.  During the month,
orchestra and concert expenses were $2.96 million, with another $1
million in administrative expenses.  The surplus resulted from
$6.48 million in "net endowment investment income" and $1.99
million in "non-operating revenues."

                    About Philadelphia Orchestra

The Philadelphia Orchestra -- http://www.philorch.org/-- claims
to be among the world's leading orchestras. Bloomberg News says
the orchestra became the first major U.S. symphony to file for
bankruptcy protection, surprising the music world.

Previous conductors include Fritz Scheel (1900-07), Carl Pohlig
(1907-12), Leopold Stokowski (1912-41), Eugene Ormandy (1936-80),
Riccardo Muti (1980-92), Wolfgang Sawallisch (1993-2003), and
Christoph Eschenbach (2003-08). Charles Dutoit is currently chief
conductor, and Yannick Nezet-Seguin has assumed the title of music
director designate until he takes up the baton as The Philadelphia
Orchestra's next music director in 2012.

The Philadelphia Orchestra Association, The Academy of Music of
Philadelphia, Inc., and Encore Series, Inc., filed separate
Chapter 11 petitions (Bankr. E.D. Pa. Case Nos. 11-13098 to
11-13100) on April 16, 2011. Judge Eric L. Frank presides over
the case. The Philadelphia Orchestra Association is being advised
by Dilworth Paxson LLP, its legal counsel, and Alvarez & Marsal,
its financial advisor. Curley, Hessinger & Johnsrud serves as its
special counsel. Philadelphia Orchestra disclosed $15,950,020 in
assets and $704,033 in liabilities as of the Chapter 11 filing.

Encore Series, Inc., tapped EisnerAmper LLP as accountants and
financial advisors.

Roberta A. DeAngelis, the U.S. Trustee for Region 3, appointed
seven members to the official committee of unsecured creditors in
the Debtors' case. Reed Smith LLP serves as the Committee's
counsel.

The orchestra postpetition signed a new contract with musicians
and authority to terminate the existing musicians' pension plan.


REAL MEX: Racks Up $7 Million Net Loss in October
-------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Real Mex Restaurants Inc., the restaurant operator
whose business will be sold at auction Jan. 26, filed an operating
report in bankruptcy court showing a $7 million net loss in
October on net revenue of $23.6 million.  Interest expense in the
month was $2.19 million while professional costs were
$1.33 million.

According to the report, no buyer is yet under contract. Real Mex
proposed that nine company officers have bonuses that could pay up
to $3 million depending on the price at auction.  If the sale
brings in enough to pay secured creditors in full, leaving cash
for a 10 percent dividend to unsecured creditors, eight of the
managers would have bonuses equal to 125 percent of a year's base
salary.

                          About Real Mex

Based in Cypress, California, Real Mex Restaurants, Inc., owns and
operates restaurants, primarily through its major subsidiaries El
Torito Restaurants, Inc., Chevys Restaurants, LLC, and Acapulco
Restaurants, Inc.  It has 178 restaurants, with 149 in California.
There are also 30 franchised locations. It acquired Chevys Inc.
for $90 million through confirmation of Chevy's Chapter 11 plan in
2004.

Real Mex Restaurants and 16 of its affiliates filed for Chapter 11
bankruptcy protection (Bankr. D. Del. Case Nos. 11-13122 to
11-13138) on Oct. 4, 2011.  Judge Brendan Linehan Shannon oversees
the case.  Judge Peter Walsh was initially assigned to the case.

The Debtors are represented by Mark Shinderman, Esq., Fred
Neufeld, Esq., and Haig M. Maghakian, Esq., at MILBANK, TWEED,
HADLEY & McCLOY LLP; and Laura Davis Jones, Esq., and Curtis A.
Helm, Esq., at PACHULSKI STANG ZIEHL & JONES LLP as counsel.  The
Debtors' financial advisors are Imperial Capital, LLC.  The
Debtors' claims, noticing, soliciting and balloting agent is Epiq
Bankruptcy Solutions, LLC.

Assets are $272.2 million while debt totals $250 million,
according to the Chapter 11 petition.  The petitions were signed
by Richard P. Dutkiewiez, chief financial officer and executive
vice president.

Counsel to GE Capital Corp., the DIP Agent and the Prepetition
First Lien Secured Agent, are Jeffrey G. Moran, Esq., and Peter P.
Knight, Esq., at LATHAM & WATKINS LLP; and Kurt F. Gwynne, Esq.,
at REED SMITH LLP as counsel.

Counsel to the Prepetition Secured Second Lien Trustee are Mark F.
Hebbeln, Esq., and Harold L. Kaplan, Esq., at FOLEY & LARDNER LLP.

Counsel to the Majority Prepetition Second Lien Secured
Noteholders are Adam C. Harris, Esq., and David M. Hillman, Esq.,
at SCHULTE ROTH & ZABEL LLP; and Russell C. Silberglied, Esq., at
RICHARDS LAYTON & FINGER.

Z Capital Management LLC, which holds nearly 70% of the Opco term
loan, is represented by Derek C. Abbott, Esq., and Chad A. Fights,
Esq., at MORRIS NICHOLS ARSHT & TUNNELL LLP; and Lee R. Bogdanoff,
Esq., and Whitman L. Holt, Esq., at KLEE TUCHIN BOGDANOFF & STERN
LLP.


ROBB & STUCKY: Ends September 2011 With $5.53 Million Cash
----------------------------------------------------------
Robb & Stucky Limited LLLP reported a net loss of $269,000 on
on $0 sales for the month of September 2011.

At Sept. 30, 2011, the Debtor had $10.3 million in total assets,
$75.8 million in total liabilities, and a partners' deficit of
$65.5 million.  The Debtor ended the period with $5,536,058 cash,
compared to $5,744,901 at the beginning of the month.  The Debtor
paid a total of $233,375 in Professional fees (Accounting & Legal)
during the month.

A copy of the operating report is available at:

         http://bankrupt.com/misc/robb&stucky.dkt1197.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 --
operated a chain of 24 retail stores offering "high-end home
furnishings" in five states.

Robb & Stucky 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.


SHENGDATECH INC: Posts $1.6 Million Net Loss in October 2011
------------------------------------------------------------
ShengdaTech, Inc., filed with the U.S. Bankruptcy Court for the
District of Nevada on Nov. 21, 2011, its monthly operating report
for October 2011.

The Debtor reported a net loss of $1.6 million for the period.

At Oct. 31, 2011, the Debtor had $13.2 million in total assets,
$165.6 million in total liabilities, and a stockholders' deficit
of $152.4 million.

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

         http://bankrupt.com/misc/shengdatech.dkt267.pdf

                         About ShengdaTech

Headquartered in Shanghai, China, ShengdaTech, Inc., makes nano
precipitated calcium carbonate for the tire industry.
ShengdaTech converts limestone into nano-precipitated calcium
carbonate (NPCC) using its proprietary and patent-protected
technology.  NPCC products are increasingly used in tires, paper,
paints, building materials, and other chemical products.  In
addition to its broad customer base in China, the Company
currently exports to Singapore, Thailand, South Korea, Malaysia,
India, Latvia and Italy.

ShengdaTech sought Chapter 11 bankruptcy protection from creditors
(Bankr. D. Nev. Case No. 11-52649) on Aug. 19, 2011, in Reno,
Nevada, in the United States.

The Shanghai-China based company said in its bankruptcy filing it
would fire all of its officers and restructure to try to recover
from an accounting scandal.

The Company disclosed US$295.4 million in assets and US$180.9
million in debt as of Sept. 30, 2011.

The Company's legal representative in its Chapter 11 case is
Greenberg Traurig, LLP.  On Aug. 23, 2011, the Court entered an
interim order confirming the Board of Directors Special
Committee's appointment of Michael Kang as the Debtor's chief
restructuring officer.

Alvarez & Marsal North America, LLC, is the Company's chief
restructuring officer.

As reported in the TCR on Sept. 7, 2011, the United States
Trustee appointed AG Ofcon, LLC, The Bank of New York, Mellon (in
its role as indenture trustee for bondholders), and Zazove
Associates, LLC, to serve on the Official Committee of Unsecured
Creditors of ShengdaTech, Inc.

Hogan Lovells US serves as counsel for ShengdaTech's official
committee of unsecured creditors.


SOLYNDRA LLC: Cash Almost Depleted by Oct. 31
---------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Solyndra LLC filed an operating report showing the
unrestricted cash balance had fallen to $438,000 by the end of
October from $2.5 million at the beginning of the month.
About $2.1 million in cash was consumed in operations during the
month. The statement of operations said operating expenses were
$10.3 million in October.  The company has an additional $10.8
million in an inventory and accounts receivable trust fund.

                       About Solyndra LLC

Founded in 2005, Solyndra LLC is a U.S. manufacturer of solar
photovoltaic solar power systems specifically designed for large
commercial and industrial rooftops and for certain shaded
agriculture applications.  The Company had 968 full time employees
and 211 temporary employees.  Solyndra has sold more than 500,000
of its panels since 2008 and generated cumulative sales of over
$250 million.

Fremont, California-based Solyndra and affiliate 360 Degree Solar
Holdings Inc. sought Chapter 11 bankruptcy protection (Bankr. D.
Del. Lead Case No. 11-12799) on Sept. 6, 2011.  Solyndra is at
least the third solar company to seek court protection from
creditors since August 2011.

Solyndra owed secured lenders $783.8 million, including
$527.8 million to the U.S. government pursuant to a federal loan
guarantee, and held assets valued at $859 million as of the
Petition date.  The U.S. Federal Financing Bank, owned by the U.S.
Treasury Department, is the Company's biggest lender.

Judge Mary F. Walrath presides over the Debtors' cases.  The
Debtors are represented by Pachulski Stang Ziehl & Jones LLP as
legal adviser.  AlixPartners LLP serves as noticing claims and
balloting agent.  Imperial Capital LLC serves as the company's
investment banker and financial adviser.  The Debtors also tapped
former Massachusetts Governor William F. Weld, now with the law
firm McDermott Will & Emery, to represent the company in
government investigations and related litigation.  BDO Consulting,
a division of BDO USA, LLP, as financial advisor and BDO Capital
Advisors, LLC, serves as investment banker for the creditors'
panel.

Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed seven
unsecured creditors to serve on the Official Committee of
Unsecured Creditors of Solyndra LLC.  The Committee has tapped
Blank Rome LLP as counsel.

Solyndra is at least the fourth solar company to seek court
protection from creditors since August 2011.  Other solar firms
are Evergreen Solar and start-up Spectrawatt Inc., both of which
filed in August, and Stirling Energy Systems Inc., which filed for
Chapter 7 bankruptcy late in September.

Solyndra intends to auction the assets Jan. 19.  In case there is
no going-concern buyer at the Jan. 19 auction, Solyndra is
arranging an old-fashioned piecemeal auction for the week of Jan.
23. Solyndra was originally scheduled to hold the so-called
turnkey auction on Nov. 22. It was rescheduled to January when
there was no acceptable offer. There will be a second auction of
non-core assets on Dec. 13.  The first non-core auction generated
$6.2 million.

Judicial Watch Inc., a Washington-based advocacy group, filed two
lawsuits Dec. 1y under the Freedom of Information Act to gain
information from the Obama administration about the $535 million
government-guaranteed loan.


SOUTHWEST GEORGIA: Posts $355,154 Net Income in October 2011
------------------------------------------------------------
Southwest Georgia Ethanol LLC reported net income of $355,154 on
$30.4 million of revenues for the month ending Oct. 31, 2011.
EBITDA was $1.3 million for the month.

Professional fees in the month were $549,694.

The Debtor's balance sheet at Oct. 31, 2011, showed $177.9 million
in total assets, $150.1 million in total liabilities, and total
equity of $27.8 million.

A copy of the October 2011 operating report is available for
free at http://bankrupt.com/misc/southwestgeorgia.dkt372.pdf

                About Southwest Georgia Ethanol

Southwest Georgia Ethanol LLC, a unit of First United Ethanol Co.,
sought bankruptcy protection (Bankr. M.D. Ga. 11-10145) in Albany,
Georgia, on Feb. 1, 2011.

The Debtor owns and operates an ethanol production facility
located on 267 acres in Mitchell County, Georgia, producing
100 million gallons of ethanol annually.  Ethanol production
operations commenced in October 2008.  Revenue was $168.9 million
for fiscal year ended Sept. 30, 2010.  The Debtor said
profitability and liquidity have been materially reduced by
unfavorable fluctuations in commodity prices for ethanol and corn.

Gary W. Marsh, Esq., J. Michael Levengood, Esq., and Bryan E.
Bates, Esq., at McKenna Long & Aldridge LLP, in Atlanta, Georgia,
serve as counsel to the Debtor.  Morgan Keegan & Company, Inc., is
the investment banker and financial advisor.

The Debtor's balance sheet showed $164.7 million in assets and
$134.1 million in debt as of Dec. 31, 2010.

Since 2008, at least 11 ethanol-related companies have sought
court protection, including VeraSun Energy Corp., once the second-
largest U.S. ethanol maker; units of Pacific Ethanol Inc.; and
White Energy Holding Co.


SP NEWSPRINT: Files Initial Monthly Operating Report
----------------------------------------------------
SP Newsprint Holdings LLC has filed an initial monthly operating
report with the U.S. Bankruptcy Court for the District of
Delaware.

The Debtor submitted a three week cash collateral forecast
covering the weeks ended Nov. 18, Nov. 25, and Dec. 2, 2011.

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

                        About SP Newsprint

Greenwich, Conn.-based SP Newsprint Holdings LLC -- aka Bulldog
Acquisition I LLC, Bulldog Acquisition II LLC, Publishers Papers,
Southeastern Paper Recycling and SP Newsprint Merger LLC -- and
three affiliates, SP Newsprint Co. LLC, SP Recycling Corporation
and SEP Technologies L.L.C, filed for Chapter 11 bankruptcy
(Bankr. D. Del. Lead Case No. 11-13649) on Nov. 15, 2011.

SP Newsprint Holdings LLC is a newsprint company controlled by
polo-playing mogul Peter Brant.  It is one of the largest
producers of newsprint in North America.  SP Recycling
Corporation, a Georgia corporation and the Debtors' other
operating company, was established in 1980 as a means for SP to
secure a ready supply of recycled fiber, a key raw material for
its newsprint.

SP Newsprint is the second Brant-owned newsprint company to tumble
into bankruptcy proceedings in recent years.  Current and former
affiliated entities are Bear Island Paper Company, L.L.C., Brant
Industries, Inc., F.F. Soucy, Inc., Soucy Partners Newsprint,
Inc., White Birch Paper Company.

Judge Christopher S. Sontchi presides over the case.  Joel H.
Levitin, Esq., Maya Peleg, Esq., and Richard A. Stieglitz Jr.,
Esq. -- jlevitin@cahill.com , mpeleg@cahill.com and
rstieglitz@cahill.com -- at Cahill Gordon & Reindel LLP serve as
the Debtors' lead counsel.  Lee E. Kaufman, Esq., and Mark D.
Collins, Esq. -- kaufman@rlf.com and collins@RLF.com -- at
Richards, Layton & Finger, P.A., serve as the Debtors' Delaware
counsel.  AlixPartners LLP serves as the Debtors' financial
advisors and The Garden City Group Inc. serves as the Debtors'
claims and noticing agent.  In its petition, SP Newsprint Holdings
estimated $100 million to $500 million in assets and debts.  The
petitions were signed by Edward D. Sherrick, executive vice
president and chief financial officer.

Counsel for GECC as Pre-Petition Agent are:

         Richard A. Levy, Esq.
         LATHAM & WATKINS LLP
         233 South Wacker Drive, Suite 5800
         Chicago, IL 60606
         E-mail: richard.levy@lw.com

              - and -

         David Hammerman, Esq.
         LATHAM & WATKINS LLP
         885 Third Avenue
         New York, NY 10022
         E-mail: david.hammerman@lw.com

              - and -

         Kurt F. Gwynne, Esq.
         REED SMITH LLP
         1201 Market Street, Suite 1500
         Wilmington, DE 19801
         E-mail: kgwynne@reedsmith.com

Counsel to Avenue Investments LP are:

         John Bessonette, Esq.
         Douglas Mannal, Esq.
         KRAMER LEVIN NAFTALIS & FRANKEL LLP
         1177 Avenue of the Americas
         New York, NY 10036
         E-mail: jbessonette@kramerlevin.com
                 dmannal@kramerlevin.com


VITRO SAB: Mukki LLC Reports $6.95 Million Net Income in October
----------------------------------------------------------------
On Nov. 18, 2011, Mukki LLC f/k/a Vitro America, LLC, Tayo Inc.
f/k/a Super Sky Products, Inc., VVP Finance Corporation, VVP
Funding Corporation and VVP Holdings, LLC, filed their monthly
operating reports for the month ending Oct. 31, 2011, with the
U.S. Bankruptcy Court for the Northern District of Texas.

Mukki LLC reported net income of $6.95 million on $nil revenue
for the month.

At Oct. 31, 2011, Mukki LLC America had $16.63 million in total
assets, $246.22 million in total liabilities, and a stockholders'
deficit of $229.59 million.  Mukki LLC ended the period with
$3,969,887 in unrestricted cash.

A copy of Mukki LLC's October 2011 monthly operating report is
available for free at:

          http://bankrupt.com/misc/mukkillc.dkt1423.pdf

Tayo Inc. had no income or expense transactions for the month.

At Oct. 31, 2011, Tayo Inc. had $3.31 million in total assets,
$0 liabilities, and stockholders' equity of $3.31 million.

A copy of Tayo Inc.'s October 2011 monthly operating report is
available for free at:

           http://bankrupt.com/misc/tayoinc.dkt1424.pdf

VVP Finance had no income or expense transactions for the month.

At Oct. 31, 2011, VVP Finance had $176.09 million in total
assets, $645,764 in total liabilities, and stockholders' equity of
$175.45 million.

A copy of VVP Finance's September 2011 monthly operating report
is available for free at:

         http://bankrupt.com/misc/vvpfinance.dkt1426.pdf-

VVP Funding had no income or expense transactions for the month.

At Oct. 31, 2011, VVP Funding had $3.05 million in total assets,
$0 liabilities, and stockholders' equity of $3.05 million.

A copy of VVP Funding's October 2011 monthly operating report is
available for free at:

         http://bankrupt.com/misc/vvpfunding.dkt1427.pdf

VVP Holdings had no income or expense transactions for the month.

VVP Holdings' balance sheet at Sept. 30, 2011, showed $645,764 in
total assets, $12.61 million in total liabilities, and an equity
deficit of $11.96 million.

A copy of VVP Holdings' October 2011 monthly operating report is
available for free at:

         http://bankrupt.com/misc/vvpholdings.dkt1428.pdf

                         About Vitro SAB

Headquartered in Monterrey, Mexico, Vitro, S.A.B. de C.V. (BMV:
VITROA; NYSE: VTO), through its two subsidiaries, Vitro Envases
Norteamerica, SA de C.V. and Vimexico, S.A. de C.V., is a global
glass producer, serving the construction and automotive glass
markets and glass containers needs of the food, beverage, wine,
liquor, cosmetics and pharmaceutical industries.

Vitro is the largest manufacturer of glass containers and flat
glass in Mexico, with consolidated net sales in 2009 of MXN23,991
million (US$1.837 billion).

Vitro defaulted on its debt in 2009, and sought to restructure
around US$1.5 billion in debt, including US$1.2 billion in notes.
Vitro launched an offer to buy back or swap US$1.2 billion in debt
from bondholders.  The tender offer would be consummated with a
bankruptcy filing in Mexico and Chapter 15 filing in the United
States.  Vitro said noteholders would recover as much as 73% by
exchanging existing debt for cash, new debt or convertible bonds.

           Concurso Mercantil & Chapter 15 Proceedings

Vitro SAB on Dec. 13, 2010, filed its voluntary petition for a
pre-packaged Concurso Plan in the Federal District Court for
Civil and Labor Matters for the State of Nuevo Leon, commencing
its voluntary concurso mercantil proceedings -- the Mexican
equivalent of a prepackaged Chapter 11 reorganization.  Vitro SAB
also commenced parallel proceedings under Chapter 15 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 10-16619) in Manhattan
on Dec. 13, 2010, to seek U.S. recognition and deference to its
bankruptcy proceedings in Mexico.

Early in January 2011, the Mexican Court dismissed the Concurso
Mercantil proceedings.  The judge said Vitro couldn't push through
a plan to buy back or swap US$1.2 billion in debt from bondholders
based on the vote of US$1.9 billion of intercompany debt when
third-party creditors were opposed.  Vitro as a result dismissed
the first Chapter 15 petition following the ruling by the Mexican
court.

On April 12, 2011, an appellate court in Mexico reinstated the
reorganization.  Accordingly, Vitro SAB on April 14 re-filed a
petition for recognition of its Mexican reorganization in U.S.
Bankruptcy Court in Manhattan (Bankr. S.D.N.Y. Case No. 11-
11754).

The Vitro parent told the Mexico stock exchange that it received
sufficient acceptances of its reorganization pending in a court in
Monterrey.  The approval vote was evidently obtained using claims
of affiliates.  The bondholders are opposing the Mexican
reorganization plan because shareholders could retain ownership
while bondholders aren't being paid in full.  Bondholders
previously cited an "independent analyst" who estimated the
Mexican plan was worth 49% to 54% of creditors'
claims.

In the present Chapter 15 case, the Debtor seeks to block any
creditor suits in the U.S. pending the reorganization in Mexico.

                     Chapter 11 Proceedings

A group of noteholders opposed the exchange -- namely Knighthead
Master Fund, L.P., Lord Abbett Bond-Debenture Fund, Inc.,
Davidson Kempner Distressed Opportunities Fund LP, and Brookville
Horizons Fund, L.P.  Together, they held US$75 million, or
approximately 6% of the outstanding bond debt.  The Noteholder
group commenced involuntary bankruptcy cases under Chapter 11 of
the U.S. Bankruptcy Code against Vitro Asset Corp. (Bankr. N.D.
Tex. Case No. 10-47470) and 15 other affiliates on Nov. 17, 2010.

Vitro engaged Susman Godfrey, L.L.P. as U.S. special litigation
counsel to analyze the potential rights that Vitro may exercise in
the United States against the ad hoc group of dissident
bondholders and its advisors.

A larger group of noteholders, known as the Ad Hoc Group of Vitro
Noteholders -- comprised of holders, or investment advisors to
holders, which represent approximately US$650 million of the
Senior Notes due 2012, 2013 and 2017 issued by Vitro -- was not
among the Chapter 11 petitioners, although the group has expressed
concerns over the exchange offer.  The group says the exchange
offer exposes Noteholders who consent to potential adverse
consequences that have not been disclosed by Vitro.  The group is
represented by John Cunningham, Esq., and Richard Kebrdle, Esq. at
White & Case LLP.

The U.S. affiliates subject to the involuntary petitions are Vitro
Chemicals, Fibers & Mining, LLC (Bankr. N.D. Tex. Case No.10-
47472); Vitro America, LLC (Bankr. N.D. Tex. Case No. 10-47473);
Troper Services, Inc. (Bankr. N.D. Tex. Case No. 10-47474); Super
Sky Products, Inc. (Bankr. N.D. Tex. Case No. 10-47475); Super Sky
International, Inc. (Bankr. N.D. Tex. Case No. 10-47476); VVP
Holdings, LLC (Bankr. N.D. Tex. Case No. 0-47477); Amsilco
Holdings, Inc. (Bankr. N.D. Tex. Case No. 10-47478); B.B.O.
Holdings, Inc. (Bankr. N.D. Tex. Case No. 10-47479); Binswanger
Glass Company (Bankr. N.D. Tex. Case No. 10-47480); Crisa
Corporation (Bankr. N.D. Tex. Case No. 10-47481); VVP Finance
Corporation (Bankr. N.D. Tex. Case No. 10-47482); VVP Auto Glass,
Inc. (Bankr. N.D. Tex. Case No. 10-47483); V-MX Holdings, LLC
(Bankr. N.D. Tex. Case No. 10-47484); and Vitro Packaging, LLC
(Bankr. N.D. Tex. Case No. 10-47485).

A bankruptcy judge in Fort Worth, Texas, denied involuntary
Chapter 11 petitions filed against four U.S. subsidiaries.  On
April 6, 2011, Vitro SAB agreed to put Vitro units -- Vitro
America LLC and three other U.S. subsidiaries -- that were subject
to the involuntary petitions into voluntary Chapter 11. The Texas
Court on April 21 denied involuntary petitions against the eight
U.S. subsidiaries that didn't consent to being in Chapter 11.

Kurtzman Carson Consultants is the claims and notice agent to
Vitro America, et al.  Alvarez & Marsal North America LLC, is the
Debtors' operations and financial advisor.

The official committee of unsecured creditors appointed in the
Chapter 11 cases of Vitro America, et al., has selected Sarah
Link Schultz, Esq., at Akin Gump Strauss Hauer & Feld LLP, in
Dallas, Texas, and Michael S. Stamer, Esq., Abid Qureshi, Esq.,
and Alexis Freeman, Esq., at Akin Gump Strauss Hauer & Feld LLP,
in New York, as counsel.  Blackstone Advisory Partners L.P. serves
as financial advisor to the Committee.

The U.S. Vitro companies sold their assets to American Glass
Enterprises LLC, an affiliate of Sun Capital Partners Inc., for
US$55 million.


WASHINGTON MUTUAL: Ends October 2011 With $4.487 Billion Cash
-------------------------------------------------------------
On Nov. 30, 2011, Washington Mutual, Inc., and WMI Investment
Corp. filed their monthly operating report for October 2011 with
the United States Bankruptcy Court for the District of Delaware.

Washington Mutual reported a net loss of $10.8 million for the
period.

At Oct. 31, 2011, Washington Mutual had $6.701 billion in total
assets, $8.398 billion in total liabilities, and a shareholders'
deficit of $1.697 billion.  Washington Mutual ended October 2011
with $4.487 billion in unrestricted cash and cash equivalents.

Washington Mutual paid a total of $3,799,615 in professional fees
and reimbursed a total of $854,335 in professional expenses in
September.

WMI Investment reported a net loss of $51,041 for the month of
October.

At Oct. 31, 2011, WMI Investment had $913,616,447 in total
assets, $14,825 in post-petition liabilities, and a stockholders'
equity of $913,601,622.  WMI Investment ended October 2011 with
$277,040,370 in unrestricted cash and cash equivalents.

A complete text of the operating report is available for free at:

                       http://is.gd/sujGQf

                     About Washington Mutual

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

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

WaMu is represented by Brian Rosen, Esq., at Weil, Gotshal &
Manges LLP in New York City; Mark D. Collins, Esq., at Richards,
Layton & Finger P.A. in Wilmington, Del.; and Peter Calamari,
Esq., and David Elsberg, Esq., at Quinn Emanuel Urquhart Oliver &
Hedges, LLP. The Debtor tapped Valuation Research Corporation as
valuation service provider for certain assets.

Fred S. Hodara, Esq., at Akin Gump Strauss Hauer & Fled LLP in New
York, and David B. Stratton, Esq., at Pepper Hamilton LLP in
Wilmington, Del., represent the Official Committee of Unsecured
Creditors. Stephen D. Susman, Esq., at Susman Godfrey LLP and
William P. Bowden, Esq., at Ashby & Geddes, P.A., represent the
Equity Committee. The official committee of equity security
holders also tapped BDO USA as its tax advisor. Stacey R.
Friedman, Esq., at Sullivan & Cromwell LLP and Adam G. Landis,
Esq., at Landis Rath & Cobb LLP in Wilmington, Del., represent
JPMorgan Chase, which acquired the WaMu bank unit's assets prior
to the Petition Date.

On Jan. 7, 2011, the Bankruptcy Court entered a 107-page opinion
determining that the global settlement agreement, among certain
parties including WMI, the Federal Deposit Insurance Corporation
and JPMorgan, upon which the Plan is premised, and the
transactions contemplated therein, are fair, reasonable, and in
the best interests of WMI. However, the Opinion and related order
denied confirmation, but suggested certain modifications to the
Company's Sixth Amended Joint Plan of Affiliated Debtors that, if
made, would facilitate confirmation.

WaMu filed a Modified Sixth Amended Joint Plan and a related
Supplemental Disclosure Statement, which it believes would address
the Bankruptcy Court's concerns.

On Sept. 13, 2011, Judge Walrath denied confirmation of WaMu's
Modified Sixth Amended Plan and granted equity committee standing
to prosecute claims for equitable disallowance but stayed the
ruling pending mediation.

WaMu said it would seek confirmation of a revised plan "as soon as
practicable."

The Plan proposes to pay more than $7 billion to creditors and
incorporates a global settlement agreement resolving issues among
the Debtors, JPMorgan Chase, the Federal Deposit Insurance Corp.
in its corporate capacity and as receiver for WaMu Bank, certain
large creditors, certain WMB senior noteholders, and the
creditors' committee. The Settlement Noteholders are Appaloosa
Management, L.P., Aurelius Capital Management LP, Centerbridge
Partners, LP, and Owl Creek Asset Management, L.P.


                           *********

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

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

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

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

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

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

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

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

                           *********

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

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors" Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Howard C. Tolentino, Joseph Medel C. Martirez, Denise
Marie Varquez, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R.
Villacampa, Sheryl Joy P. Olano, Carlo Fernandez, Christopher G.
Patalinghug, and Peter A. Chapman, Editors.

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

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

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


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