TCR_Public/120107.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, January 7, 2012, Vol. 16, No. 6

                            Headlines

ALEXANDER GALLO: Posts $4.9 Million Net Loss in October 2011
AMBASSADORS INTERNATIONAL: Ends November 2011 With $253,444 Cash
AMERICANWEST BANCORP: Ends November 2011 With $5.59 Million Cash
ASCENDIA BRANDS: Ends October 2011 With $1,000 Cash
ASCENDIA BRANDS CO: Ends October 2011 With $5,209 Cash

BANKUNITED FINANCIAL: Ends November 2011 With $9.63 Million Cash
BANKUNITED FINANCIAL: Ends October 2011 With $9.86 Million Cash
BEACON POWER: Files Initial Monthly Operating Report
BEAR ISLAND: Ends October 2011 with $20.38 Million Cash
CAGLE'S INC: Has Funds of $2.44 Million at October 29

DSI HOLDINGS: Files Operating Report for 4-Weeks Ended October 29
DSI HOLDINGS: Posts $8.4 Million Net Loss in 5-Weeks Ended Oct. 1
EVERGREEN SOLAR: Posts $4.5MM Net Loss in 4 Weeks Ended Oct. 29
FIRSTFED FINANCIAL: Ends November 2011 With $2.9 Million in Cash
GSC GROUP: Ends October 2011 With $15.1 Million Cash

ICOP DIGITAL: Posts $7,226 Net Loss in November 2011
INNER CITY: Files Monthly Operating Report for Sept. 8 to Oct. 31
LOS ANGELES DODGERS: LA Holdco Posts $14.9MM Net Loss in October
LOWER BUCKS: Posts $1.2 Million Net Loss in October 2011
LOWER BUCKS: Lower Bucks Health Posts $18,394 Net Loss in October

NEBRASKA BOOK: Reports $129.7MM Net Loss in 8 Months Ended Nov. 30
NUTRITION 21: Posts $142,080 Net Loss in November 2011
PEGASUS RURAL: Posts $1.6 Million Net Loss in October 2011
PMI GROUP: Files Initial Monthly Operating Report
QUALTEQ INC: Posts $94,961 Net Loss in September 2011

REAL MEX: Posts $7.0 Million Net Loss in Oct. 4 - 23 Period
SHARPER IMAGE: Ends November 2011 With $2.11 Million Cash
SPECIALTY PRODUCTS: Bondex Posts $33,856 Net Loss in October 2011
SPECIALTY PRODUCTS: Ends October 2011 With $29.87-Mil. Cash
THORNBURG MORTGAGE: Ends November 2011 With $104.1 Million Cash

TOUSA INC: Ends November 2011 With $302.69 Million Cash
WASHINGTON MUTUAL: Ends November 2011 With $4.488 Billion Cash





                            *********


ALEXANDER GALLO: Posts $4.9 Million Net Loss in October 2011
------------------------------------------------------------
Alexander Gallo Holdings, LLC, et al., reported a net loss of
$4.9 million on $8.7 million of revenue for the month of
October 2011.  AGH incurred professional fees of $1.3 million in
the month.

At Oct. 31, 2011, the Debtors had $190.1 million in total assets,
$229.1 million in total liabilities, and a net owners' equity
deficit of $39.0 million.  Book value of cash was $2.2 million as
of Oct. 31, 2011, compared to $1.5 million at Sept. 30, 2011.

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

        http://bankrupt.com/misc/alexandergallo.doc303.pdf

                        About Alexander Gallo

Marietta, Georgia-based Alexander Gallo Holdings LLC --
http://www.alexandergalloholdings.com-- is the largest full
service, IT-enabled court reporting and litigation support
services company in the United States.  AGH offers court
reporting, litigation support, trial software and other similar
services and has the only true national footprint in its market,
with roughly 55 offices located throughout the United States, and
a preferred provider network which serves as an extension of
Alexander Gallo's geographic reach.  Founded in 1999 by Alexander
J. Gallo, a former court reporter, AGH has made 18 acquisitions
since 2003.  Mr. Gallo has remained as CEO.

AGH, along with affiliates, filed for Chapter 11 protection
(Bankr. S.D.N.Y. Lead Case No. 11-14220) on Sept. 7, 2011.
Alexander Gallo will sell the business via 11 U.S.C. Sec. 363 to
Bayside Capital Inc., which had acquired $22 million in second-
lien debt.  The price wasn't disclosed.

Alexander Gallo disclosed assets of $208 million and debt totaling
$258 million as of June 30, 2011.  Liabilities include $47 million
on a first-lien revolving credit and term loan where Wells Fargo
Bank NA is agent.  In addition to the second-lien debt held by
Bayside, there is $33 million in junior unsecured subordinated
notes owing to Harvest Equity Partners LLC plus another
$148 million in junior unsecured subordinated notes owing to
insider Gallo Holdings LLC.  As reported in the Troubled Company
Reporter on Nov. 1, 2011, the Alexander Gallo disclosed
$41,981,048 in assets and $259,153,046 in liabilities as of the
Chapter 11 filing.

Bayside is providing $20 million in financing for the Chapter 11
effort.  The new loan will have a first priority lien on
unencumbered assets and a lien behind the first-lien debt.

Bankruptcy Judge Allan J. Gropper presides over the case.  Thomas
R. Califano, Esq., Jeremy R. Johnson, Esq., Esq., and Daniel G.
Egan, Esq., at DLA Piper LLP (US), in New York, serve as the
Debtors' general counsel.  Squire, Sanders & Demsey (US) LLP
serves as the Debtor's corporate counsel.  The Debtors' financial
advisor is Gordian Group, LLC.  Marc L. Pfefferle, a partner at
Carl Marks Advisory Group LLC, serves as the Debtors' chief
restructuring advisor.  Kurtzman Carson Consultants LLC serves as
the Debtor's claims agent.  KPMG LLP serves as their auditors to
provide auditing, tax compliance and tax consulting services.

As reported in the TCR on Dec. 8, 2011, an affiliate of Bayside
Capital, Inc., completed the acquisition of the assets of
Alexander Gallo Holdings, LLC.


AMBASSADORS INTERNATIONAL: Ends November 2011 With $253,444 Cash
----------------------------------------------------------------
On Dec. 29, 2011, Ambassadors International, Inc., and its U.S.
subsidiaries filed their monthly operating report for the month
ended Nov. 30, 2011, with the U.S. Bankruptcy Court for the
District of Delaware.

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

At Nov. 30, 2011, the Debtors had $253,444 in cash,
$32.95 million in total liabilities, and a stockholders' deficit
of $32.70 million.

The Debtors paid a total of $1.01 million in professional fees and
$13,000 in U.S. Trustee Quarterly Fees in November.

A copy of the November 2011 operating report is available for free
at http://is.gd/pf5FGz

                 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.


AMERICANWEST BANCORP: Ends November 2011 With $5.59 Million Cash
----------------------------------------------------------------
On Dec. 15, 2011, AmericanWest Bancorporation filed with the
U.S. Bankruptcy Court for the Eastern District of Washington its
monthly operating report for November 2011.

The Debtor reported a net loss of $15,361 on $0 revenue for the
month of November.  The net loss for the month of October was
$8,488.

At Nov. 30, 2011, the Debtor had total assets of $7.0 million,
total liabilities of $47.4 million, and a stockholders' deficit
of $40.4 million.  The book balance of cash at Nov. 30, 2011,
was $5,596,437 compared to $5,601,052 at Oct. 31, 2011.

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

                       http://is.gd/2JwXLT

                  About AmericanWest Bancorporation

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

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

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

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

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


ASCENDIA BRANDS: Ends October 2011 With $1,000 Cash
---------------------------------------------------
Ascendia Brands, Inc., filed on Dec. 13, 2011, monthly operating
reports for September and October 2011.

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

                             September     October

     Cash, beginning            $1,000      $1,000
     Total receipts             $3,750      $8,500
     Total disbursements        $3,750      $8,500
     Net cash flow                  $0          $0
     Cash, end of month         $1,000      $1,000

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

      http://bankrupt.com/misc/ascendiabrands.oct2011mor.pdf
      http://bankrupt.com/misc/ascendiabrands.sept2011mor.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.


ASCENDIA BRANDS CO: Ends October 2011 With $5,209 Cash
------------------------------------------------------
Ascendia Brands, Inc., filed on Dec. 13, 2011, for Ascendia Brands
Co., Inc., monthly operating reports for September and October
2011.

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

                             September     October

     Cash, beginning            $4,544      $4,525
     Total receipts             $6,400      $8,308
     Total disbursements        $6,419      $7,625
     Net cash flow                ($18)       $684
     Cash, end of month         $4,525      $5,209

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

     http://bankrupt.com/misc/ascendiabrandsco.oct2011mor.pdf
     http://bankrupt.com/misc/ascendiabrandsco.sept2011mor.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.


BANKUNITED FINANCIAL: Ends November 2011 With $9.63 Million Cash
----------------------------------------------------------------
BankUnited Financial Corporation, together with its subsidiaries
BankUnited Financial Services, Inc., and CRE America Corporation,
filed on Dec. 20, 2011, its monthly operating report for
November 2011 with the United States Bankruptcy Court for the
Southern District of Florida.

Funds at Nov. 30, 2011, were $9,635,068 compared to $9,860,510 at
Oct. 31, 2011.  The Debtors paid a total of $222,248 in
Professional Fees (Accounting & Legal) in the month.

BankUnited Financial Corporation, et al., reported a net loss of
$225,442 in November.  The Debtor incurred professional fees of
$222,248 for the period.

At Nov. 30, 2011, BankUnited Financial Corporation, et al., had
$34.5 million in total assets, $576.8 in total liabilities,
and a stockholders' deficit of $542.3 million.

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

                       http://is.gd/aK3QRM

                     About BankUnited Financial

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

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

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

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


BANKUNITED FINANCIAL: Ends October 2011 With $9.86 Million Cash
---------------------------------------------------------------
BankUnited Financial Corporation, together with its subsidiaries
BankUnited Financial Services, Inc., and CRE America Corporation,
filed on Dec. 7, 2011, its monthly operating report for
October 2011 with the United States Bankruptcy Court for the
Southern District of Florida.

Funds at Oct. 31, 2011, were $9,860,510 compared to $10,096,567 at
Sept. 30, 2011.  The Debtors paid a total of $215,637 in
Professional Fees (Accounting & Legal) in the month.

BankUnited Financial Corporation, et al., reported a net loss of
$236,058 in October.  Professional fees totaled $199,638 for the
period.

At Oct. 31, 2011, BankUnited Financial Corporation, et al., had
$34.7 million in total assets, $576.8 in total liabilities,
and a stockholders' deficit of $542.1 million.

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

                       http://is.gd/u4tvDM

                    About BankUnited Financial

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

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

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

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


BEACON POWER: Files Initial Monthly Operating Report
----------------------------------------------------
Beacon Power Corporation has filed an initial monthly operating
report containing, among others, a 13-Week Cash Collateral Budget
for the weeks ending Nov. 4, 2011, through Jan. 27, 2012.

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

                        About Beacon Power

Tyngsboro, Mass.-based Beacon Power Corporation (Nasdaq: BCOND)
-- http://www.beaconpower.com/-- designs, manufactures and
operates flywheel-based energy storage systems that it has begun
to deploy in company-owned merchant plants that sell frequency
regulation services in open-bid markets.

Beacon Power filed for Chapter 11 protection on Oct. 30, 2011, in
Delaware (Bankr. D. Del. Case No. 11-13450).  Brown Rudnick and
Potter Anderson & Corroon serve as the Debtor's counsel.  Beacon
disclosed assets of $72 million and debt totaling $47 million,
including a $39.1 million loan guaranteed by the U.S. Energy
Department.  Beacon built a $69 million facility with 20 megawatts
of balancing capacity in Stephentown, New York, funded mostly by
the DoE loan.

The Debtors tapped Miller Wachman, LLP as auditors, Pluritas, LLC
as intellectual property advisors, CRG Partners Group LLC as
financial advisors.

Beacon Power is the second cleantech company which has been backed
by the U.S. Department of Energy via loan guarantees to fail this
year.  The first was Solyndra, which declared Chapter 11
bankruptcy on Sept. 6, 2011.

Roberta A. DeAngelis, the United States Trustee for Region 3,
appointed four unsecured creditors to serve on the Official
Committee of Unsecured Creditors of Beacon Power Corporation.


BEAR ISLAND: Ends October 2011 with $20.38 Million Cash
-------------------------------------------------------
Bear Island Paper Company, L.L.C., reported net income of
$275,801 on net sales of $11.2 million for October 2011.  Gross
profit was $980,523.

At Oct. 31, 2011, the Company had $144.9 million in total
assets, $153.2 million in total liabilities, and a stockholders'
deficit of $8.3 million.  The Company ended the period with
$20,382,548 cash.  Beginning cash was $19,089,291.

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

          http://bankrupt.com/misc/bearisland.doc993.pdf

                  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.


CAGLE'S INC: Has Funds of $2.44 Million at October 29
-----------------------------------------------------
Cagle's, Inc., and its wholly-owned subsidiary Cagle's Farms,
Inc., filed on Nov. 30, 2011, their standard monthly operating
report for the period from Oct. 20, 2011, to Oct. 29, 2011, with
the U.S. Bankruptcy Court For the Northern District of Georgia,
Atlanta Division.

The Debtors submitted a schedule of receipts and disbursements for
the period:

     Funds at the Beginning of the Period     $2,965,000
     Cash Receipts                            $7,388,000
     Revolver Draw/(Paydown)                  $2,000,000
     Disbursements                            $9,906,000
     Funds at the End of the Period           $2,447,000

Funds at the end of the period are net of $1,514,000 of
outstanding checks and $656,000 of outstanding payroll.

The Debtors reported a net loss of $1,165,000 on $8,656,000 of net
sales for the period.

The Debtors' balance sheet at Oct. 29, 2011, showed $82,124,000
in total assets, $75,100,000 in total current liabilities, and
stockholders' equity of $7,024,000.

A complete text of the monthly operating report is available for
free at http://is.gd/hfXs7L

                           About Cagle's

Cagle's Farms (NYSE: CGL.A) -- http://www.cagles.net/-- engages
in the production, marketing, and distribution of fresh and frozen
poultry products in the United States.

Cagle's Inc. and its wholly owned subsidiary Cagle's Farms filed
on Oct. 19, 2011, voluntary petitions for relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 11-80202 and
11-80203).  Paul K. Ferdinands, Esq., at King & Spalding, in
Atlanta, Georgia, serves as counsel.  FTI Consulting, Inc., serves
as the Debtors' financial advisors.  Kurtzman Carson LLC serves as
their claims, noticing, and balloting agent.  Cagle's Inc.
estimated assets of up to $100 million and debts of up to
$50 million.  Cagle's Farms estimated assets and debts of up to
$50 million.

In its schedules, Cagle's Inc. disclosed $81,998,077 in assets and
$55,304,599 in liabilities as of the Petition Date.

The Official Committee of Unsecured Creditors is represented by
McKenna Long & Aldridge LLP as local counsel, and Lowenstein
Sandler's Bankruptcy and Creditors' Rights Group as counsel.  J.H.
Cohn LLP serves as its financial advisors.

No trustee or examiner has been appointed in the Debtors'
bankruptcy cases.


DSI HOLDINGS: Files Operating Report for 4-Weeks Ended October 29
-----------------------------------------------------------------
DSI Holdings Inc., et al., had no income or expense transactions
for the  the 4 week period ended Oct. 29, 2011.  The Debtors ended
the period with $0 cash.

At Oct. 29, 2011, the Debtors had $4.9 million in total assets,
$172.5 million in total liabilities, and a stockholders' deficit
of $167.6 million.

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

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

                         About Deb Shops

Deb Shops Inc., is a closely held women's-clothing retailer based
in Philadelphia.  Deb Shops sells junior and large-size clothing
for girls and women ages 13 to 25 through more than 320 U.S.
stores and through debshops.com.  It was bought out by the New
York investment firm Lee Equity Partners in October 2007.

DSI Holdings Inc. and 54 affiliates, including Deb Shops, sought
bankruptcy protection (Bankr. D. Del. Lead Case No. 11-11941), on
June 26, 2011, to sell all assets under 11 U.S.C. Sec. 363.  As of
April 30, 2011, the Debtors' unaudited financial statements
reflected assets totaling $124.4 million and liabilities totaling
$270.1 million.

Lawyers at Weil Gotshal & Manges LLP and Richards, Layton & Finger
P.A. serve as bankruptcy counsel.  Rothschild Inc. serves as the
Debtors' investment banker and financial advisors.  Kurtzman
Carson Consultants, LLC, serves as claims agent.  Sitrick &
Company serves as public relations consultants.

Ableco, the DIP Agent is represented by Michael L. Tuchin, Esq.,
and David A. Fidler, Esq., at Klee Tuchin Bogdanoff & Stern LLP.
Conway Del Genio serves as financial advisors to the First Lien
Lenders.  Schulte Roth serves as corporate and tax advisors to the
First Lien Lenders.  Another lender, Lee DSI Holdings, is
represented by Jennifer Rodburg, Esq., at Fried Frank Harris
Shriver & Jacobson LLP.

Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed five
unsecured creditors to serve on the Official Committee of
Unsecured Creditors.  Otterbourg Steindler Houston & Rosen serves
as lead counsel to the Committee.


DSI HOLDINGS: Posts $8.4 Million Net Loss in 5-Weeks Ended Oct. 1
-----------------------------------------------------------------
DSI Holdings Inc., et al., reported a net loss of $8.4 million on
$30.6 million of net revenue for the 5 week period ended Oct. 1,
2011.  Reorganization expenses totaled $2.6 million for the
period.

At Oct. 1, 2011, the Debtors had $4.9 million in total assets,
$172.5 million in total liabilities, and a stockholders' deficit
of $167.6 million.

The Debtors ended the period with $0 cash, compared to $5,198,420
at Aug. 27, 2011.

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

       http://bankrupt.com/misc/dsiholdings.oct12011mor.pdf

                        About Deb Shops

Deb Shops Inc., is a closely held women's-clothing retailer based
in Philadelphia.  Deb Shops sells junior and large-size clothing
for girls and women ages 13 to 25 through more than 320 U.S.
stores and through debshops.com.  It was bought out by the New
York investment firm Lee Equity Partners in October 2007.

DSI Holdings Inc. and 54 affiliates, including Deb Shops, sought
bankruptcy protection (Bankr. D. Del. Lead Case No. 11-11941), on
June 26, 2011, to sell all assets under 11 U.S.C. Sec. 363.  As of
April 30, 2011, the Debtors' unaudited financial statements
reflected assets totaling $124.4 million and liabilities totaling
$270.1 million.

Lawyers at Weil Gotshal & Manges LLP and Richards, Layton & Finger
P.A. serve as bankruptcy counsel.  Rothschild Inc. serves as the
Debtors' investment banker and financial advisors.  Kurtzman
Carson Consultants, LLC, serves as claims agent.  Sitrick &
Company serves as public relations consultants.

Ableco, the DIP Agent is represented by Michael L. Tuchin, Esq.,
and David A. Fidler, Esq., at Klee Tuchin Bogdanoff & Stern LLP.
Conway Del Genio serves as financial advisors to the First Lien
Lenders.  Schulte Roth serves as corporate and tax advisors to the
First Lien Lenders.  Another lender, Lee DSI Holdings, is
represented by Jennifer Rodburg, Esq., at Fried Frank Harris
Shriver & Jacobson LLP.

Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed five
unsecured creditors to serve on the Official Committee of
Unsecured Creditors.  Otterbourg Steindler Houston & Rosen serves
as lead counsel to the Committee.


EVERGREEN SOLAR: Posts $4.5MM Net Loss in 4 Weeks Ended Oct. 29
---------------------------------------------------------------
Evergreen Solar, Inc., reported a net loss of $4.5 million on
$335,824 of net revenue for the reporting period Oct. 2, 2011, to
Oct. 29, 2011.

At Oct. 29, 2011, the Debtor's balance sheet showed $339.5 million
in total assets, $464.6 million in total liabilities, and a
stockholders' deficit of $125.1 million.

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

     http://bankrupt.com/misc/evergreensolar.oct292011mor.pdf

                       About Evergreen Solar

Evergreen Solar, Inc. -- http://www.evergreensolar.com/--
develops, manufactures and markets String Ribbon solar power
products using its proprietary, low-cost silicon wafer technology.
The Company's patented wafer manufacturing technology uses
significantly less polysilicon than conventional processes.
Evergreen Solar's products provide reliable and environmentally
clean electric power for residential and commercial applications
globally.

The Marlboro, Mass.-based Company filed for Chapter 11 bankruptcy
(Bankr. D. Del. Case No. 11-12590) on Aug. 15, 2011, before Judge
Mary F. Walrath.  The Company's balance sheet at April 2, 2011,
showed $373,972,000 in assets, $455,506,000 in total liabilities,
and a stockholders' deficit of $81,534,000.

Ronald J. Silverman, Esq., and Scott K. Seamon, Esq., at Bingham
McCutchen LLP, serve as general bankruptcy counsel to the Debtor.
Laura Davis Jones, Esq., and Timothy P. Cairns, Esq., at Pachulski
Stang Ziehl & Jones LLP, serve as co-counsel.  Hilco Industrial
LLC serves as exclusive marketing and sales agent.  Klehr Harrison
Harvey Branzburg serves as special conflicts counsel.  Zolfo
Cooper LLC is the financial advisor.  UBS Securities, LLC, serves
as investment banker.  Epiq Bankruptcy Solutions has been tapped
as claims agent.

In conjunction with the Chapter 11 filing, the Company entered
into a restructuring support agreement with certain holders of
more than 70% of the outstanding principal amount of the Company's
13% convertible senior secured notes.  As part of the bankruptcy
process the Company will undertake a marketing process and will
permit all parties to bid on its assets, as a whole or in groups
pursuant to 11 U.S.C. Sec. 363.  An entity formed by the
supporting noteholders, ES Purchaser, LLC, entered into an asset
purchase agreement with the Company to serve as a 'stalking-horse"
and provide a "credit-bid" pursuant to the Bankruptcy Code for
assets being sold.

The supporting noteholders are represented by Michael S. Stainer,
Esq., and Natalie E. Levine, Esq., at Akin Gump Strauss Hauer &
Feld LLP, in New York.

An official committee of unsecured creditors has retained Pepper
Hamilton and Kramer Levin Naftalis & Frankel as counsel.  The
Committee tapped Garden City Group as communications services
agent.

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

At an auction in November, Evergreen Solar sold some of its core
assets to Max Era Properties Limited.


FIRSTFED FINANCIAL: Ends November 2011 With $2.9 Million in Cash
----------------------------------------------------------------
FirstFed Financial Corp. filed on Dec. 16, 2011, its monthly
operating report for November 2011 with the U.S. Bankruptcy Court
for the Central District of California, Los Angeles Division.

The Company reported a net loss of $91,402 on $0 revenue for
the period.

At Nov. 30, 2011, the Company had $3.0 million in total assets,
$159.6 million in total liabilities, and a stockholders' deficit
of $156.6 million.  The Company ended the period with
$2,908,677 in unrestricted cash.

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

                       http://is.gd/UkPT6b

                     About FirstFed Financial

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

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


GSC GROUP: Ends October 2011 With $15.1 Million Cash
----------------------------------------------------
GSC Group, Inc., and affiliated entities filed on Nov. 30, 2011,
a monthly operating report for October 2011.

GSCP, LLC, GSCP Group, Inc., GSC Active Partners, Inc., GSCP (NJ),
Inc., GSCP (NJ) Holdings, L.P., and GSC Secondary Interest Fund
had no income or expense transactions for the month of October
2011.

GSCP (NJ), L.P., reported a net loss of $1.2 million on
($1.0 million) of revenue for the month.

The Debtors had total cash of $15,114,787 at Oct. 31, 2011,
compared to $17,052,033 at the beginning of the month.  The
Debtors paid $748,121 in professional fees during the month.

A copy of the October 2011 monthly operating report is available
for free at http://bankrupt.com/misc/gscgroup.doc.1002.pdf

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

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

Since Jan. 7, 2011, the Debtors have been operated by James L.
Garrity Jr., as Chapter 11 trustee for the Debtors.  The Chapter
11 trustee tapped Shearman & Sterling LLP as his counsel, and
Togut, Segal & Segal LLP as his conflicts counsel.

No committee of unsecured creditors has been appointed in the
case.

The Chapter 11 trustee completed the sale of business in July 2011
and filed a liquidating Chapter 11 plan and explanatory disclosure
statement in late August.  The bankruptcy court authorized the
trustee to sell the business to Black Diamond Capital Finance LLC,
as agent for the secured lenders.  Proceeds were used to pay
secured claims.  The price paid by the lenders' agent was designed
for full payment on $256.8 million in secured claims, with $18.6
million cash left over.  Black Diamond bought most assets with a
$224 million credit bid, a $6.7 million note, $5 million cash, and
debt assumption.  A minority group of secured lenders filed an
appeal from the order allowing the sale.  Through a suit in state
court, the minority lenders failed to halt Black Diamond from
completing the sale.

The Chapter 11 Trustee and Black Diamond have filed rival
repayment plans for GSC Group.  The Trustee's Plan cautioned there
can be no assurance that general unsecured creditor recoveries
will not be higher or lower than the estimated recovery of between
42% and 84%.  Black Diamond's Plan projects between 31% and 43%
recovery.  Court papers filed by Black Diamond indicate the
Trustee's Plan provides 17% and 26% recovery.

Adam Goldberg, Esq., and Douglas Bacon, Esq., at Latham & Watkins,
represent Black Diamond Capital Management, LLC, as counsel.


ICOP DIGITAL: Posts $7,226 Net Loss in November 2011
----------------------------------------------------
On Dec. 20, 2011, ICOP Digital Inc., now known as Digital Systems,
Inc., filed with the U.S. Bankruptcy Court for the District of
Kansas a monthly operating report for the month of November 2011.

The Debtor reported a net loss of $7,226 on $0 revenue for the
month.

At Nov. 30, 2011, the Debtor had $337,197 in total assets,
$1,277,771 in total current liabilities, and a stockholders'
deficit of $940,574.

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

                       http://is.gd/J6CB7b

                        About ICOP Digital

Founded in 2002, ICOP Digital Inc. sells surveillance equipment
for law enforcement agencies.  Lenexa, Kansas-based ICOP Digital
filed for Chapter 11 protection in Kansas City (Bankr. D. Kan.
Case No. 11-20140) on Jan. 21, 2011.  In its schedules, the Debtor
disclosed assets of $1.67 million and debt of $2.74 million.  The
balance sheet as of Sept. 30, 2010, had assets on the books for
$6.7 million and total debts of $4.3 million.  Joanne B. Stutz,
Esq., at Evans & Mullinix PA, in Shawnee, Kansas, serves as the
Debtor's bankruptcy counsel.

The Debtor has been renamed as of March 14, 2011, to Digital
Systems, Inc.


INNER CITY: Files Monthly Operating Report for Sept. 8 to Oct. 31
-----------------------------------------------------------------
ICBC Broadcast Holdings, Inc., ICBC Broadcast Holdings, CA, Inc.,
ICBC-NY, LLC, Inner City Media Corp., Urban Radio of Mississippi,
LLC, and Urban Radio of South Carolina, LLC, filed on Dec. 6,
2011, their monthly operating reports for the period Sept. 8,
2011, to Oct. 31, 2011.

ICBC Broadcast Holdings, Inc., reported a net loss of $4.0 million
on $nil revenue for the period.

ICBC Broadcast Holdings' balance sheet at Oct. 31, 2011, showed
$38.8 million in total assets, $255.5 million in total
liabilities, and a net owners' equity deficit of $216.7 million.

A copy of ICBC Broadcast Holdings' monthly operating report is
available for free at:

    http://bankrupt.com/misc/icbcbroadcastholdings.doc216.pdf

ICBC Broadcast Holdings,CA, Inc., reported net income of $515,503
on $1.9 million of net revenue for the period.

ICBC Broadcast Holdings,CA's balance sheet at Oct. 31, 2011,
showed $94.2 million in total assets, $3.5 million in total
liabilities, and net owners' equity of $90.7 million.

A copy of ICBC Broadcast Holdings,CA's monthly operating report is
available for free at:

    http://bankrupt.com/misc/icbcbroadcastholdings.doc217.pdf

ICBC-NY, LLC, reported net income of $672,931 on $4.3 million of
revenues for the period.

ICBC-NY's balance sheet at Oct. 31, 2011, showed $92.1 million in
total assets, $4.0 million in total liabilities, and net owners'
equity of $88.1 million.

A copy of ICBY-NY's monthly operating report is available for free
at http://bankrupt.com/misc/icbc-ny.doc218.pdf

Inner City Media Corporation did not include a Statement of
Operations in its monthly operating report.

Inner City Media's balance sheet at Oct. 31, 2011, showed
($95.5) million in total assets, $0 liabilities, and a net owners'
equity deficit of $95.5 million.

A copy of Inner City Media's balance sheet is available for free
at http://bankrupt.com/misc/innercitymedia.doc220.pdf

Urban Radio of Mississippi, LLC, reported net income of $121,595
on $736,883 of net revenue for the period.

Urban Radio of Mississippi's balance sheet at Oct. 31, 2011,
showed ($8.7) million in total assets, $1.0 million in total
liabilities, and a net owners' equity deficit of $9.7 million.

A copy of Urban Radio of Mississippi's monthly operating report is
available for free at:

   http://bankrupt.com/misc/urbanradioofmississippi.doc225.pdf

Urban Radio of South Carolina, LLC, reported net income of
$387,146 on $1.3 million of net revenue for the period.

Urban Radio of South Carolina's balance sheet at Oct. 31, 2011,
showed ($36.9) million in total assets, $1.6 million in total
liabilities, and a net owners' equity deficit of $38.5 million.

A copy of Urban Radio of South Carolina's monthly operating report
is available for free at:

  http://bankrupt.com/misc/urbanradioofsouthcarolina.doc226.pdf

About Inner City Media Corp.

On Aug. 23, 2011, affiliates of Yucaipa and CF ICBC LLC, Fortress
Credit Funding I L.P., and Drawbridge Special Opportunities Fund
Ltd., signed involuntary Chapter 11 petitions for Inner City Media
Corp. and its affiliates (Bankr. S.D.N.Y. Case Nos. 11-13967 to
11-13979) to collect on a $254 million debt.

The Petitioning Creditors are party to the senior secured credit
Facility pursuant to which they (or their predecessors in
interest) extended $197 million in loans to the Alleged Debtors to
be used for general corporate purposes.  More than two years ago,
the Alleged Debtors defaulted under the Senior Secured Credit
Facility, and in any event the entire amount of principal and
accrued and unpaid interest and fees became immediately due and
payable on Feb. 13, 2010.

Inner City Media's affiliates subject to the involuntary Chapter
11 are ICBC Broadcast Holdings, Inc., Inner-City Broadcasting
Corporation of Berkeley, ICBC Broadcast Holdings-CA, Inc., ICBC-
NY, L.L.C., ICBC Broadcast Holdings-NY, Inc., Urban Radio, L.L.C.,
Urban Radio I, L.L.C., Urban Radio II, L.L.C., Urban Radio III,
L.L.C., Urban Radio IV, L.L.C., Urban Radio of Mississippi,
L.L.C., and Urban Radio of South Carolina, L.L.C.

Judge Shelley C. Chapman granted each of Inner City Media
Corporation and its debtor affiliates relief under Chapter 11 of
the United States Code.  The decision came after considering the
involuntary petitions, and the Debtors' answer to involuntary
petitions and consent to entry of order for relief and reservation
of rights.

Attorneys for Yucaipa Corporate Initiatives Fund II, L.P. and
Yucaipa Corporate Initiatives (Parallel) Fund II, L.P. are John J.
Rapisardi, Esq., and Scott J. Greenberg, Esq., at Cadwalader,
Wickersham & Taft LLP.  Attorneys for CF ICBC LLC, Fortress Credit
Funding I L.P., and Drawbridge Special Opportunities Fund Ltd. are
Adam C. Harris, Esq., and Meghan Breen, Esq., at Schulte Roth &
Zabel LLP.

Akin Gump Strauss Hauer & Feld LLP serves as the Debtors' counsel.
Rothschild Inc. serves as the Debtors' financial advisors and
investment bankers.  GCG Inc. serves as the Debtors' claims agent.

The United States Trustee said that an official committee under 11
U.S.C. Sec. 1102 has not been appointed in the bankruptcy case of
Inner City Media because an insufficient number of persons holding
unsecured claims against the Debtor has expressed interest in
serving on a committee.


LOS ANGELES DODGERS: LA Holdco Posts $14.9MM Net Loss in October
----------------------------------------------------------------
LA Holdco LLC reported a net loss of $14.9 million on $704,060
of revenues for the month of October 2011.

LA Holdco LLC's consolidated balance sheet at Oct. 31, 2011,
showed $350.5 million in total assets, $643.4 million in total
liabilities, and a members' deficit of $292.9 million.

Los Angeles Dodgers LLC reported a net loss of $11.5 million on
$911,003 of revenues for the month ended Oct. 31, 2011.

As of Oct. 31, 2011, Los Angeles Dodgers LLC had $172.3 million
in total assets, $258.6 million in total liabilities, and a
members' deficit of $86.3 million.

LA Real Estate LLC reported a net loss of $3.4 million on
$1.6 million of revenues for the entire month of October 2011.
The report includes activity of Dodger Tickets LLC, a non-Debtor.

As of Oct. 31, 2011, LA Real Estate LLC had total assets of
$226.3 million, total liabilities of $432.9 million, and a
members' deficit of $206.6 million.

Debtors Los Angeles Dodgers Holding Company LLC and LA Real Estate
Holding Company LLC are holding companies and do not prepare
financial statements.

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

    http://bankrupt.com/misc/losangelesdodgers.oct2011mor.pdf

                    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
sought bankruptcy protection.

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.


LOWER BUCKS: Posts $1.2 Million Net Loss in October 2011
--------------------------------------------------------
Lower Bucks Hospital, Inc., reported a net loss of $1.2 million
on $6.4 million of revenue for the month ended Oct. 31, 2011.

The Company's balance sheet at Oct. 31, 2011, showed
$49.6 million in total assets, $67.8 million in total
liabilities, and an unrestricted fund balance of ($18.2) million

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

         http://bankrupt.com/misc/lowerbucks.doc1506.pdf

Lower Bucks Hospital, Inc., reported a net loss of $1.0 million
on $6.8 million of revenue for the month ended Sept. 30, 2011.

The Company's balance sheet at Sept. 30, 2011, showed
$51.1 million in total assets, $68.2 million in total
liabilities, and an unrestricted fund balance of ($17.1) million

A copy of the operating report is available for free at

         http://bankrupt.com/misc/lowerbucks.doc1462.pdf

                     About Lower Bucks Hospital

Lower Bucks Hospital is a non-profit hospital based in Bristol,
Pennsylvania.  The Hospital is currently licensed to operate 183
beds.  Together with affiliates Advanced Primary Care Physicians
and Lower Bucks Health Enterprises, Inc., Lower Bucks owns a 36-
acre campus with several medical facilities.  The Hospital's
emergency room serves 30,000 patients annually.  For the fiscal
year ending June 30, 2009, Lower Bucks had $114 million in
consolidated revenues.

The Hospital filed for Chapter 11 bankruptcy protection (Bankr.
E.D. Pa. Case No. 10-10239) on Jan. 13, 2010.  The Hospital's
affiliates -- Lower Bucks Health Enterprises, Inc, and Advanced
Primary Care Physicians -- also filed Chapter 11 petitions.
Jeffrey C. Hampton, Esq., and Adam H. Isenberg, at Saul Ewing LLP,
in Philadelphia, assist the Hospital in its restructuring effort.
Donlin, Recano & Company, Inc., is the Hospital's claims and
notice agent.  The Debtors tapped Zelenkofske Axelrod LLC for tax
preparation services.  The Hospital estimated assets and
liabilities at $50 million to $100 million.

Regina Stango Kelbon, Esq., at Blank Rome LLP, in Philadelphia,
represents the Official Committee of Unsecured Creditors as
counsel.


LOWER BUCKS: Lower Bucks Health Posts $18,394 Net Loss in October
-----------------------------------------------------------------
Lower Bucks Health Enterprises, Inc., reported a net loss of
$18,394 on $59,086 of net operating revenue for the month ended
Sept. 30, 2011.

The Company's balance sheet at Oct. 31, 2011, showed $6.9 million
in total assets, $369,261 in total current liabilities, and an
unrestricted fund balance of $6.5 million.

A copy of the October 2011 monthly operating report is available
for free at http://bankrupt.com/misc/lowerbuckshealth.doc1507.pdf

Lower Bucks Health Enterprises, Inc., reported a net loss of
$32,294 on $48,268 of net operating revenue for the month ended
Sept. 30, 2011.

The Company's balance sheet at Sept. 30, 2011, showed $6.9 million
in total assets, $380,981 in total current liabilities, and an
unrestricted fund balance of $6.5 million.

A copy of the September 2011 monthly operating report is available
for free at http://bankrupt.com/misc/lowerbuckshealth.doc1463.pdf

                      About Lower Bucks Hospital

Lower Bucks Hospital is a non-profit hospital based in Bristol,
Pennsylvania.  The Hospital is currently licensed to operate 183
beds.  Together with affiliates Advanced Primary Care Physicians
and Lower Bucks Health Enterprises, Inc., Lower Bucks owns a 36-
acre campus with several medical facilities.  The Hospital's
emergency room serves 30,000 patients annually.  For the fiscal
year ending June 30, 2009, Lower Bucks had $114 million in
consolidated revenues.

The Hospital filed for Chapter 11 bankruptcy protection (Bankr.
E.D. Pa. Case No. 10-10239) on Jan. 13, 2010.  The Hospital's
affiliates -- Lower Bucks Health Enterprises, Inc, and Advanced
Primary Care Physicians -- also filed Chapter 11 petitions.
Jeffrey C. Hampton, Esq., and Adam H. Isenberg, at Saul Ewing LLP,
in Philadelphia, assist the Hospital in its restructuring effort.
Donlin, Recano & Company, Inc., is the Hospital's claims and
notice agent.  The Debtors tapped Zelenkofske Axelrod LLC for tax
preparation services.  The Hospital estimated assets and
liabilities at $50 million to $100 million.

Regina Stango Kelbon, Esq., at Blank Rome LLP, in Philadelphia,
represents the Official Committee of Unsecured Creditors as
counsel.


NEBRASKA BOOK: Reports $129.7MM Net Loss in 8 Months Ended Nov. 30
------------------------------------------------------------------
On Dec. 30, 2011, Nebraska Book Company, Inc., et al., filed their
monthly operating report for the period from Nov. 1, 2011, to
Nov. 30, 2011, with the Bankruptcy Court.  The monthly operating
report includes deferral of $3.3 million of revenue and
$1.7 million of gross margin for the period ended Nov. 30, 2011.
The deferred revenue and gross margin will be fully recognized
during the month ended Dec. 31, 2011.

The Debtors reported a consolidated net loss of $129.7 million on
$349.8 million of revenues for the eight months ended Nov. 30,
2011.  Income tax benefit was $29.6 million for the period.

The Debtors' balance sheet at Nov. 30, 2011, showed $483.9 million
in total assets, $652.9 million in total liabilities,
$14.1 million in Series A redeemable preferred stock, and a
stockholders' deficit of $183.1 million .

Payments to professionals totaled $2,373,364 for November.

The Monthly Operating Report is available for free at:

                        http://is.gd/pjJgTK

                        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 has been unable to confirm a pre-packaged Chapter 11
plan that would have swapped some of the existing debt for new
debt, cash and the new stock, due to an inability to secure $250
million in exit financing.  The company's exclusive period for
proposing a plan is set to expire on Jan. 23.


NUTRITION 21: Posts $142,080 Net Loss in November 2011
------------------------------------------------------
On Dec. 20, 2011, Nutrition 21, Inc., filed with the U.S.
Bankruptcy Court for the Southern District of New York its monthly
operating report for the month of November 2011.

The Debtor reported a net loss of $142,080 on $2.06 million of
revenues for the month of November 2011.

The Debtor's balance sheet at Nov. 30, 2011, showed $8.87 million
in total assets, $215,092 in total current liabilities,
$17.75 million in Preferred Stock-Series J 8% convertible, and a
stockholders' deficit of $9.09 million.

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

                       http://is.gd/uA4Jbz

                         About Nutrition 21

Purchase, N.Y.-based Nutrition 21, Inc. --
http://www.nutrition21.com/-- is a nutritional bioscience company
that primarily develops and markets raw materials, formulations,
compounds, blends and bulk and other materials to third-party non-
end users to be further fabricated, blended or packaged for
ultimate sales to end-users as nutritional supplements or
otherwise.  The Company holds more than 30 patents for nutrition
products and their uses.

Nutrition 21 and its debtor-affiliates filed for Chapter 11
bankruptcy (Bankr. S.D.N.Y. Lead Case No. 11-23712) on
Aug. 26, 2011.  Michael Friedman, Esq., and Keith N. Sambur, Esq.,
at Richards Kibbe & Orbe LLP, serve as the Debtors' counsel.

The Company entered into a Plan Support Agreement, dated as of
Aug. 26, 2011, with holders of approximately 90% of the Company's
outstanding Series J Preferred Stock.  The holders of Series J
Preferred Stock that are parties to the Plan Support Agreement
have agreed, subject to certain conditions, to vote in favor of a
plan of reorganization to be proposed by the Company in respect of
the Bankruptcy Case, so long as that plan is consistent with the
term sheet attached to the Plan Support Agreement setting forth
material terms of a potential plan of reorganization.  The Plan
Term Sheet generally contemplates that the Debtors' assets will be
sold or liquidated and distributed to holders of claims and equity
interests in accordance with the statutory distribution and
priority scheme established by the Bankruptcy Code.  The Plan Term
Sheet further contemplates that holders of the Company's common
stock will receive interests in a liquidating trust entitling such
holders to distributions only after holders of the Series J
Preferred Stock have been paid in full.  The Company believes that
cash distributions on account of the Company's common stock are
unlikely.

On Nov.  1, 2011, the Company completed the auction of
substantially all of its assets pursuant to the Court-approved
bidding procedures.  The Company selected N21 Acquisition Holding,
LLC, as having submitted the highest and best bid at the Auction.
Accordingly, the Company, Nutrition 21, LLC, and the Purchaser
entered into an Amended and Restated Asset Purchase and Sale
Agreement, dated as of Nov. 1, 2011, amending and restating the
Original Asset Sale Agreement.

The Amended Asset Sale Agreement provides that the Purchaser will
purchase substantially all of the assets of the Debtors under
section 363 of the Bankruptcy Code and will assume certain of the
Debtors' obligations associated with the purchased assets.
Pursuant to the terms of the Amended Asset Sale Agreement, the
purchase price is $7,449,008.  The purchase price remains subject
to potential post-closing adjustment, as set forth in the Amended
Asset Sale Agreement.

At a hearing on Nov. 3, 2011, the Bankruptcy Court approved the
Sale, but reserved a decision on the assumption and assignment by
N21 LLC of that certain License and Supply Agreement between
Probioferm, LLC, Probiohealth, LLC, and N21 LLC dated as of
Aug.  6, 2009 (as amended from time to time).


PEGASUS RURAL: Posts $1.6 Million Net Loss in October 2011
----------------------------------------------------------
Pegasus Rural Broadband, LLC, et al., reported a net loss of
$1.6 million on $322,135 of customer revenue for the month ended
Oct. 31, 2011.

At Oct. 31, 2011, the Company had $43.4 million in total assets,
$73.4 million in total liabilities, and a stockholders' deficit of
$30.0 million.

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

       http://bankrupt.com/misc/pegasusrural.oct2011mor.pdf

                   About Pegasus Rural Broadband

Pegasus Rural Broadband, LLC, and its affiliates, including
Xanadoo Holdings Inc., sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 11-11772) on June 10, 2011.

The Debtors are subsidiaries of Xanadoo Company, a 4G wireless
Internet provider.  Xanadoo Co. was not among the Chapter 11
filers.

The subsidiaries sought Chapter 11 protection after they were
unable to restructure $52 million in 12.5% senior secured
promissory notes that matured in May.  The notes are owing to
Beach Point Capital Management LP.

Xanadoo Holdings, through Xanadoo LLC -- XLC -- offers wireless
high-speed broadband service, including digital phone services,
under the Xanadoo brand utilizing licensed frequencies in the 2.5
GHz frequency band.  As of May 31, 2011, XLC served 12,000
subscribers in Texas, Oklahoma and Illinois.  In the summer of
2010, the Debtors closed all of their retail stores and kiosks in
its six operating markets and severed all fulltime sales
personnel.  Since the closings, the Debtors relied one key
retailer in each market to serve as local point of presence to
market customer transactions.

Judge Peter J. Walsh presides over the case.  Rafael Xavier
Zahralddin-Aravena, Esq., Shelley A. Kinsella, Esq., and Jonathan
M. Stemerman, Esq., at Elliott Greenleaf, in Wilmington, Delaware,
serve as counsel to the Debtor.  NHB Advisors Inc. is their
financial advisors.  Epiq Systems, Inc., is the claims and notice
agent.

Xanadoo Holdings, Pegasus Guard Band and Xanadoo Spectrum each
estimated assets of $100 million to $500 million and debts of
$50 million to $100 million.

The Chapter 11 filing followed the maturity in May 2011 of almost
$60 million in secured notes owing to Beach Point Capital
Management LP.

After filing for bankruptcy, the Debtors faced an effort by the
agent for secured noteholders to appoint a trustee or dismiss the
case.   The agent contended that on the eve of bankruptcy, Xanadoo
created a new intermediate holding company to hinder and delay
creditors by taking over ownership of the operating companies.

The Debtors called the trustee motion a distraction that hindered
them from moving the case more quickly.

On Oct. 14, 2011, the Court denied the motion to dismiss the
Chapter 11 case of Xanadoo Spectrum, LLC, and to appoint a
Chapter 11 trustee for Xanadoo Holdings, Inc., Pegasus Rural
Broadband, LLC, Pegasus Guard Band, C, and Xanadoo LLC.


PMI GROUP: Files Initial Monthly Operating Report
-------------------------------------------------
The PMI Group, Inc., filed on Dec. 8, 2011, an initial monthly
report with the U.S. Bankruptcy Court for the District of
Delaware.

The Debtor submitted a 12-Month Cash Flow covering the months
December 2011 through November 2012.

A copy of the initial monthly operating report is available for
free at http://bankrupt.com/misc/pmigroup.doc46.pdf

                          About PMI Group

Del.-based The PMI Group, Inc., is an insurance holding company
whose stock had, until Oct. 21, 2011, been publicly-traded on the
New York Stock Exchange.  Through its principal regulated
subsidiary, PMI Mortgage Insurance Co., and its affiliated
companies, the Debtor provides residential mortgage insurance in
the United States.

The PMI Group filed for Chapter 11 bankruptcy (Bankr. D. Del. Case
No. 11-13730) on Nov. 23, 2011.  The Debtor had total assets of
$225 million and total debts of $736 million.  Stephen Smith
signed the petition as chairman, chief executive officer,
president and chief operating officer.

The Debtor said in the filing that it does not have the financial
resources to pay the outstanding principal amount of the 4.50%
Convertible Senior Notes, 6.000% Senior Notes and the 6.625%
Senior Notes if those amounts were to become due and payable.

The Debtor is represented by James L. Patton, Esq., Pauline K.
Morgan, Esq., Kara Hammond Coyle, Esq., and Joseph M. Barry, Esq.,
at Young Conaway Stargatt & Taylor LLP.  Sullivan & Cromwell, LLP,
and Osborn & Maledon, P.A., serve as special counsel to the
Debtor.


QUALTEQ INC: Posts $94,961 Net Loss in September 2011
-----------------------------------------------------
QualTeq, Inc., et al., filed their monthly operating reports for
the reporting period Sept. 1, 2011, through Sept. 30, 2011.

QualTeq, Inc., reported a net loss of $94,961 on $1.2 million of
revenue for the month.

QualTeq's balance sheet at Sept. 30, 2011, showed $12.1 million in
total assets, $6.6 million in total liabilities, and stockholders'
equity of $5.5 million.

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

         http://bankrupt.com/misc/qualteq.sept2011mor.pdf

1400 Centre Circle, LLC, reported net income of $283 on $35,593 of
revenue for the period.

1400 Centre's balance sheet at Sept. 30, 2011, showed $3.2 million
in total assets, $2.5 million in total liabilities, and
stockholders' equity of $699,001.

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

       http://bankrupt.com/misc/1400centre.sept2011mor.pdf

5200 Thatcher LLC reported net income of $19,874 on $54,949 of
revenue for the period.

5200 Thatcher's balance sheet at Sept. 30, 2011, showed
$3.8 million in total assets, $2.7 million in total liabilities,
and stockholders' equity of $1.1 million.

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

      http://bankrupt.com/misc/5200thatcher.sept2011mor.pdf

5300 Katrine LLC reported net income of $12,853 on $55,793 of
revenue for the period.

5300 Katrine's balance sheet at Sept. 30, 2011, showed
$4.1 million in total assets, $3.1 million in total liabilities,
and stockholders' equity of $1.0 million.

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

       http://bankrupt.com/misc/5300katrine.seot2011mor.pdf

Automated Presort, Inc., reported a net loss of $240,717 on
$1.0 million of revenue for the period.

Automated Presort's balance sheet at Sept. 30, 2011, showed
$7.9 million in total assets, $13.2 million in total liabilities,
and a stockholders' deficit of $5.3 million.

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

    http://bankrupt.com/misc/automatedpresort.sept2011mor.pdf

Avadamma LLC reported a net loss of $143,551 on $477,593 of
revenue for the period.

Avadamma LLC's balance sheet at Sept. 30, 2011, showed
$9.6 million in total assets, $37.0 million in total liabilities,
and a stockholders' deficit of $27.4 million.

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

       http://bankrupt.com/misc/avadammallc.sept2011mor.pdf

Creative Automation Company reported a net loss of $204,495 on
$2.5 million of net revenue for the period.

Creative Automation's balance sheet at Sept. 30, 2011, showed
$14.9 million in total assets, $10.5 million in total liabilities,
and stockholders' equity of $4.4 million.

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

   http://bankrupt.com/misc/creativeautomation.sept2011mor.pdf

Creative Investments, a General Partnership, reported a net loss
of $3,631 on $33,500 of revenue for the period.

Creative Investments' balance sheet at Sept. 30, 2011, showed
$3.1 million in total assets, $4.4 million in total liabilities,
and an equity deficit of $1.3 million.

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

   http://bankrupt.com/misc/creativeinvestments.sept2011mor.pdf

Fulfillment Excellence, Inc., reported a net loss of $116,610 on
$3.5 million of revenue for the period.

Fulfillment Excellence's balance sheet at Sept. 30, 2011, showed
$12.6 million in total assets, $11.0 million in total liabilities,
and stockholders' equity of $1.6 million.

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

  http://bankrupt.com/misc/fulfillmentexcellence,sept2011mor.pdf

Global Card Services, Inc., reported net income of $516,444 on
$3.0 million of revenue for the period.

Global Card's balance sheet at Sept. 30, 2011, showed $8.6 million
million in total assets, $7.1 million in total liabilities, and
stockholders' equity of $1.5 million.

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

       http://bankrupt.com/misc/globalcard.sept2011mor.pdf

Unique Data Services, Inc., reported net income of $158,279 on
$923,301 of revenue for the period.

Unique Data's balance sheet at Sept. 30, 2011, showed $3.0 million
in total assets, $1.5 million in total liabilities, and
stockholders' equity of $1.5 million.

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

       http://bankrupt.com/misc/uniquedata.sept2011mor.pdf

Unique Embossing Services reported a net loss of $43,160 on
$124,566 of revenue for the period.

Unique Embossing's balance sheet at Sept. 30, 2011, showed
$505,023 in total assets, $2.4 million in total liabilities, and
an equity deficit of $1.9 million.

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

     http://bankrupt.com/misc/uniqueembossing.sept2011mor.pdf

Unique Mailing Services, Inc., reported net income of $15,524 on
$984,102 of revenue for the period.

Unique Mailing's balance sheet at Sept. 30, 2011, showed
$6.2 million in total assets, $4.9 million in total liabilities,
and stockholders' equity of $1.3 million.

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

      http://bankrupt.com/misc/uniquemailing.sept2011mor.pdf

University Subscription Services, Inc., reported a net loss of
$52,015 on $134,244 of net revenue for the period.

University Subscription's balance sheet at Sept. 30, 2011, showed
$114,514 in total assets, $766,930 in total
liabilities, and a stockholders' deficit of $652,415.

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

http://bankrupt.com/misc/universitysubscription.sept2011mor.pdf

Versatile Card Technology, Inc., reported a net loss of $404,172
on $4.5 million of net revenue for the period.

Versatile Card's balance sheet at Sept. 30, 2011, showed
$30.2 million in total assets, $19.5 million in total liabilities,
and stockholders' equity of $10.7 million.

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

      http://bankrupt.com/misc/versatilecard.sept2011mor.pdf

Veluchamy, LLC, reported a net loss of $12,075 on $26,667 of
revenue for the period.

Veluchamy's balance sheet at Sept. 30, 2011, showed $2.4 million
in total assets, $2.9 million in total liabilities, and a
stockholders' deficit of $541,101.

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

        http://bankrupt.com/misc/veluchamy.sept2011mor.pdf

Vmark, Inc., had no income or expense transactions during the
period.

Vmark's balance sheet at , 2011, showed $4.8 million in
in total assets, $1.0 million in total liabilities, and
stockholders' equity of $3.8 million.

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

        http://bankrupt.com/misc/vmarkinc.sept2011mor.pdf

                        About QualTeq Inc.

South Plainfield, New Jersey-based QualTeq, Inc., engages in the
design, manufacture, and personalization of plastic cards in the
United States.  The company manufactures magnetic, contact, and
dual interface smart cards.

Qualteq Inc. and 17 affiliated companies filed for Chapter 11
bankruptcy protection (Bankr. D. Del. Lead Case No. 11-12572) on
Aug. 14, 2011.  Eric Michael Sutty, Esq., and Jeffrey M. Schlerf,
Esq., at Fox Rothschild LLP, serve as local counsel to the
Debtors.  K&L Gates LLP is the general bankruptcy counsel.
Eisneramper LLP is the accountants and financial advisors.
Scouler & Company is the restructuring advisors.  Lowenstein
Sandler PC is counsel to the Committee.  Avadamma LLC disclosed
$38,491,767 in assets and $36,190,943 in liabilities as of the
Petition Date.

Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed four
unsecured creditors to serve on the Official Committee of
Unsecured Creditors.


REAL MEX: Posts $7.0 Million Net Loss in Oct. 4 - 23 Period
-----------------------------------------------------------
Real Mex Restaurants, Inc., et al., reported a net loss of
$7.0 million on $23.6 million of net revenue for the reporting
period Oct. 4, 2011, to Oct. 23, 2011.

The Debtors' balance sheet at Oct. 23, 2011, showed $190.8 million
in total assets, $311.7 million in total liabilities, and a
stockholders' deficit of $120.9 million.

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

         http://bankrupt.com/misc/realmex.oct4-23mor.pdf

                          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.


SHARPER IMAGE: Ends November 2011 With $2.11 Million Cash
---------------------------------------------------------
TSIC, Inc., formerly known as The Sharper Image Corporation, filed
with the U.S. Bankruptcy Court for the District of Delaware on
Dec. 14, 2011, its monthly operating report for November 2011.

The Debtor reported a net loss of $87,509 on $0 revenue for the
month.  The Debtor incurred a total of $55,821 in professional
fees in the month.

At Nov. 30, 2011, the Company's balance sheet showed $3.0 million
in total assets, $95.4 million in total liabilities, and a
stockholders' deficit of $92.4 million.

The Debtor ended the month with $2,116,755 cash.  For the
month, the Debtor paid a total of $17,821 in professional fees.

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

                       http://is.gd/gKaOLB

                       About Sharper Image

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

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

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

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

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


SPECIALTY PRODUCTS: Bondex Posts $33,856 Net Loss in October 2011
-----------------------------------------------------------------
Bondex International, Inc., reported a net loss of $33,856 on $0
revenue for the month of October 2011.

At Oct. 31, 2011, the Debtor had ($181.4) million in total
assets, $366.9 million in total liabilities, and a stockholders'
deficit of $548.3 million.

A copy of the October 2011 monthly operating report is available
for free at http://bankrupt.com/misc/bondex.oct2011mor.pdf

                      About Specialty Products

Cleveland, Ohio-based Specialty Products Holdings Corp., aka RPM,
Inc., is a wholly owned subsidiary of RPM International Inc.  The
Company is the holding company parent of Bondex International,
Inc., and the direct or indirect parent of certain additional
domestic and foreign subsidiaries.  The Company claims to be a
leading manufacturer, distributor and seller of various specialty
chemical product lines, including exterior insulating finishing
systems, powder coatings, fluorescent colorants and pigments,
cleaning and protection products, fuel additives, wood treatments
and coatings and sealants, in both the industrial and consumer
markets.

The Company filed for Chapter 11 bankruptcy protection on May 31,
2010 (Bankr. D. Del. Case No. 10-11780).  Gregory M. Gordon, Esq.,
Dan B. Prieto, Esq., and Robert J. Jud, Esq., at Jones Day, serve
as bankruptcy counsel.  Daniel J. DeFranceschi, Esq., and Zachary
I. Shapiro, Esq., at Richards Layton & Finger, serve as
co-counsel.  Logan and Company is the Company's claims and notice
agent.

The Company estimated its assets and debts at $100,000,001 to
$500,000,000.

The Company's affiliate, Bondex International, Inc., filed a
separate Chapter 11 petition on May 31, 2010 (Case No. 10-11779),
estimating its assets and debts at $100,000,001 to $500,000,000.


SPECIALTY PRODUCTS: Ends October 2011 With $29.87-Mil. Cash
-----------------------------------------------------------
Specialty Products Holdings Corp. reported a net loss of
$1.1 million on $0 revenue for the month ended Oct. 31, 2011.

At Oct. 31, 2011, the Debtor had $476.7 million in total assets,
$225.9 million in total liabilities, and stockholders' equity of
$250.8 million.  The Debtor had unrestricted cash and equivalents
of $29,873,808 at Oct. 31, 2011, from $24,911,394 at the
beginning of the period.

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

    http://bankrupt.com/misc/specialtyproducts.oct2011mor.pdf

                      About Specialty Products

Cleveland, Ohio-based Specialty Products Holdings Corp., aka RPM,
Inc., is a wholly owned subsidiary of RPM International Inc.  The
Company is the holding company parent of Bondex International,
Inc., and the direct or indirect parent of certain additional
domestic and foreign subsidiaries.  The Company claims to be a
leading manufacturer, distributor and seller of various specialty
chemical product lines, including exterior insulating finishing
systems, powder coatings, fluorescent colorants and pigments,
cleaning and protection products, fuel additives, wood treatments
and coatings and sealants, in both the industrial and consumer
markets.

The Company filed for Chapter 11 bankruptcy protection on May 31,
2010 (Bankr. D. Del. Case No. 10-11780).  Gregory M. Gordon, Esq.,
Dan B. Prieto, Esq., and Robert J. Jud, Esq., at Jones Day, serve
as bankruptcy counsel.  Daniel J. DeFranceschi, Esq., and Zachary
I. Shapiro, Esq., at Richards Layton & Finger, serve as
co-counsel.  Logan and Company is the Company's claims and notice
agent.

The Company estimated its assets and debts at $100,000,001 to
$500,000,000.

The Company's affiliate, Bondex International, Inc., filed a
separate Chapter 11 petition on May 31, 2010 (Case No. 10-11779),
estimating its assets and debts at $100,000,001 to $500,000,000.


THORNBURG MORTGAGE: Ends November 2011 With $104.1 Million Cash
---------------------------------------------------------------
On Dec. 22, 2011, the Chapter 11 trustee for TMST, Inc., formerly
known as Thornburg Mortgage, Inc., filed on behalf of the Debtors,
except for ADFITECH, Inc., a monthly operating report for
November 2011.

TMST, Inc., et al., ended November with $104,145,833 in cash.
Payments to attorneys and other professionals totaled $446,552 for
the current month.  The Debtors reported a net loss of
$1,123,993 on net operating revenue of $1,735 in November.
Operating loss was $342,975.  Reorganization expenses totaled
$781,018.

At Nov. 30, 2011, the Debtors had $105.9 million in total
assets, $3.431 billion in total liabilities, and a stockholders'
deficit of $3.325 billion.

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

                     About Thornburg Mortgage

Based in Santa Fe, New Mexico, Thornburg Mortgage Inc. (NYSE: TMA)
-- http://www.thornburgmortgage.com/-- was a single-family
residential mortgage lender focused principally on prime and
super-prime borrowers seeking jumbo and super-jumbo adjustable
rate mortgages.  It originated, acquired, and retained investments
in adjustable and variable rate mortgage assets.  Its ARM assets
comprised of purchased ARM assets and ARM loans, including
traditional ARM assets and hybrid ARM assets.

Thornburg Mortgage and its four affiliates filed for Chapter 11
bankruptcy (Bankr. D. Md. Lead Case No. 09-17787) on May 1, 2009.
Thornburg changed its name to TMST, Inc.

Judge Duncan W. Keir is handling the case.  David E. Rice, Esq.,
at Venable LLP, in Baltimore, Maryland, served as counsel to
Thornburg Mortgage.  Orrick, Herrington & Sutcliffe LLP served as
special counsel.  Jim Murray, and David Hilty, at Houlihan Lokey
Howard & Zukin Capital, Inc., served as investment banker and
financial advisor.  Protiviti Inc. served as financial advisory
services.  KPMG LLP served as the tax consultant.  Epiq Systems,
Inc., serves claims and noticing agent.  Thornburg disclosed total
assets of $24.4 billion and total debts of $24.7 billion, as of
Jan. 31, 2009.

On Oct. 28, 2009, the Court approved the appointment of Joel I.
Sher as the Chapter 11 Trustee for the Company, TMST Acquisition
Subsidiary, Inc., TMST Home Loans, Inc., and TMST Hedging
Strategies, Inc.  He is represented by Shapiro Sher Guinot &
Sandler.


TOUSA INC: Ends November 2011 With $302.69 Million Cash
-------------------------------------------------------
TOUSA, Inc., et al., reported a net loss of $3.3 million on
$nil revenue for the month of November 2011.

At Nov. 30, 2011, TOUSA, Inc., and subsidiaries had $338.0 million
in total assets, $1.899 billion in total liabilities, and a
stockholders' deficit of $1.561 billion.

The Debtors ended the period with cash in bank of $302,694,061.
The Debtors paid a total of $1,058,044 in professional fees during
the month.

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

          http://bankrupt.com/misc/tousainc.doc8460.pdf

                          About Tousa Inc.

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

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

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

The official committee of unsecured creditors has filed a proposed
chapter 11 liquidating plan for Tousa.  However, the committee
said that it no longer intends to pursue approval of its
liquidation plan because of the pending appeal of its fraudulent
transfer case in the U.S. Court of Appeals for the Eleventh
Circuit.  A district court in February 2011 held that the
bankruptcy judge was wrong in ruling that lenders who were paid
off received fraudulent transfers when Tousa gave liens on
subsidiaries' properties to bail out and refinance a joint
venture.  Daniel H. Golden, Esq., and Philip C. Dublin, Esq., at
Akin Gump Strauss Hauer & Feld LLP, in New York, N.Y., represent
the creditors committee.

Tousa's reorganization plan is on hold either temporarily or
permanently pending appeal to the Court of Appeals from a ruling
by a U.S. district judge in February reversing the bankruptcy
judge.  The district court held that the bankruptcy judge was
wrong in ruling that other lenders who were paid off before
bankruptcy received fraudulent transfers when Tousa gave liens on
subsidiaries' properties to bail out and refinance a joint
venture.  The Tousa committee filed a Chapter 11 plan in July 2010
based on an assumption it would win the appeal.


WASHINGTON MUTUAL: Ends November 2011 With $4.488 Billion Cash
--------------------------------------------------------------
On Dec. 21, 2011, Washington Mutual, Inc., and WMI Investment
Corp. filed their monthly operating report for November 2011 with
the United States Bankruptcy Court for the District of Delaware.

Washington Mutual reported a net loss of $4.0 million for the
period.

At Nov. 30, 2011, Washington Mutual had $6.701 billion in total
assets, $8.403 billion in total liabilities, and a shareholders'
deficit of $1.701 billion.  Washington Mutual ended November 2011
with $4.488 billion in unrestricted cash and cash equivalents.

Washington Mutual paid a total of $1,643,532 in professional fees
and reimbursed a total of $203,156 in professional expenses in
November.

WMI Investment reported a net loss of $50,973 for the month of
November.

At Nov. 30, 2011, WMI Investment had $913,565,474 in total
assets, $14,825 in post-petition liabilities, and a stockholders'
equity of $913,550,649.  WMI Investment ended October 2011 with
$277,048,034 in unrestricted cash and cash equivalents.

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

                       http://is.gd/4Xmvaz

                      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
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liabilities that may never materialize.  The prices at which
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related conferences are encouraged.  Send announcements to
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On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
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available at your local bookstore or through Amazon.com.  Go to
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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 2012 .  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
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herein is obtained from sources believed to be reliable, but is
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The TCR subscription rate is $775 for 6 months delivered via e-
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firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter Chapman
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