TCR_Public/120114.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 14, 2012, Vol. 16, No. 11

                            Headlines

AMBAC FINANCIAL: Has $29.6-Mil. Cash as of Nov. 30
CAGLE'S INC: Has $7.57-Mil. Cash at December 3
CB HOLDING: Posts $14,741 Net Loss in Fiscal Month Ended Oct. 30
HOWREY LLP: Ends October 2011 With $2.85-Mil. in Unrestricted Cash
HUDSON HEALTHCARE: Ends October 2011 With $294,228 Cash

LEHMAN BROTHERS: Has $24.35-Bil. in Cash as of Nov. 30
LOS ANGELES DODGERS: LA Holdco Posts $12.1MM Net Loss in November
LTV CORP: Ends November 2011 With $2.74-Mil. Cash
NEW STREAM: NS Capital Ends November 2011 With $751,421 Cash
NEW STREAM: NS Insurance Ends November 2011 With $24.09-Mil. Cash

NEW STREAM: NS Secured Ends November With $5.88-Mil. Cash
PFF BANCORP: End November 2011 With $42.34 Million Cash
PHILADELPHIA ORCHESTRA: Has $2.9 Million November Deficit
SAINT VINCENTS: Posts $1.1 Million Net Loss in October 2011
TRAILER BRIDGE: Ends November 2011 With $6.29-Mil. Cash

VITRO SAB: Mukki LLC Posts $246,162 Net Loss in November 2011




                            *********


AMBAC FINANCIAL: Has $29.6-Mil. Cash as of Nov. 30
--------------------------------------------------

                   Ambac Financial Group, Inc.
                          Balance Sheet
                     As of November 30, 2011

ASSETS:

Current Assets:
Unrestricted Cash and Equivalents                   $29,635,692
Restricted Cash and Cash Equivalents                  2,500,000
Accounts Receivable                                           -
Notes Receivable                                        862,112
Inventories                                                   -
Prepaid Expenses                                        582,283
Professional Retainers                                3,624,945
Other Current Assets                                 10,061,639
                                              ----------------
Total Current Assets                                 47,266,671

Property & Equipment:
Real Property and Improvements                                -
Machinery & Equipment                                         -
Furniture, Fixtures, and Office Equipment                     -
Leasehold Improvements                                        -
Vehicles                                                      -
Less: Accumulated Depreciation                                -
                                               ----------------
Total Property & Equipment                                    -

Other Assets:
Amounts Due From Insiders                                     -
Other Assets                                     (1,103,788,340)
                                               ----------------
Total Other Assets                               (1,103,788,340)
                                               ----------------
Total Assets                                    ($1,506,521,669)
                                               ================

LIABILITIES AND OWNERS' EQUITY:

Liabilities Not Subject to Compromise (Postpetition)
Accounts Payable                                              -
Taxes Payable                                        $1,900,000
Wages Payable                                                 -
Notes Payable                                                 -
Rent/Leases - Building/Equipment                              -
Secured Debt/Adequate Protection Payments                     -
Professional Fees                                    14,914,158
Amounts Due to Insiders                                 485,004
Other Postpetition Liabilities                                -
                                               ----------------
Total Postpetition Liabilities                       17,299,162

Liabilities Subject to Compromise (Prepetition):
Secured Debt                                                  -
Priority Debt                                                 -
Unsecured Debt                                    1,707,496,913
                                               ----------------
Total Prepetition Liabilities                     1,707,496,913

Total Liabilities                                 1,724,796,075

Owners' Equity:
Capital Stock                                         3,080,168
Additional Paid-in Capital                        2,172,026,548
Partners' Capital Account                                     -
Owners' Equity Account                                        -
Retained earnings - prepetition                  (3,896,443,042)
Retained earnings - postpetition                 (1,057,214,727)
Adjustments to Owner Equity                          (2,766,691)
Postpetition Contributions                                    -
                                               ----------------
Net Owners' Equity                               (2,781,317,744)
                                               ----------------
Total Liabilities & Owners' Equity              ($1,506,521,669)
                                               ================

                   Ambac Financial Group, Inc.
                     Statement of Operations
              For the month ended November 30, 2011

Gross Revenues                                                 -
Less: Returns & Allowances                                     -
                                                ----------------
Net Revenue                                                    -

Cost of Goods Sold:
Beginning Inventory                                            -
Add: Purchases                                                 -
    Cost of labor                                              -
    Other costs                                               -
Less: Ending Inventory                                        -
                                               ----------------
Cost of Goods Sold                                            -

Gross Profit                                                  -

Operating Expenses:
Advertising                                                   -
Auto and Truck Expense                                        -
Bad Debts                                                     -
Contributions                                                 -
Employee Benefits Programs                                    -
Officer/Insider Compensation                           $131,083
Insurance                                                72,785
Management Fees/Bonuses                                       -
Office Expense                                                -
Pension & profit sharing plans                                -
Repairs & Maintenance                                         -
Rent and Lease Expense                                        -
Salaries/Commissions/Fees                                     -

Supplies                                                      -
Taxes - Payroll                                               -
Taxes - Real Estate                                           -
Taxes - Other                                                 -
Travel & Entertainment                                        -
Utilities                                                     -
Other                                                   463,469
                                               ----------------
Total Operating Expenses Before                         667,337
  Depreciation

Depreciation/Depletion/Amortization                           -
                                               ----------------
Net profit(loss) Before Other Income &
  Expenses                                             (667,337)

Other Income and Expenses:
Other income                                          2,166,332
Interest Expense                                              -
Other Expense                                        (2,207,747)
                                               ----------------
Net profit (loss) Before Reorganization Items         3,706,742

Reorganization Items:
Professional Fees                                     3,261,024
U.S. Trustee Quarterly Fees                                   -
Interest on Cash from Chapter 11                              -
Gain from Sale of Equipment                                   -
Other Reorganization Expenses                                 -
                                               ----------------
Total Reorganization Expenses                         3,261,024
                                               ----------------
Income Taxes                                                  -
                                               ----------------
Net Profit (Loss)                                       $85,718
                                               ================

                   Ambac Financial Group, Inc.
           Schedule of Cash Receipts and Disbursements
              For the month ended November 30, 2011

Cash Beginning of Month                             $33,056,694

Receipts:
Cash Sales                                                    -
Accounts Receivable - Prepetition                             -
Accounts Receivable - Postpetition                            -
Loans and Advances                                            -
Sale of Assets                                                -
Other                                                 2,147,764
Transfers                                            11,148,499
                                               ----------------
Total Receipts                                       13,296,263

Disbursements:
Gross Payroll                                                 -
Sales, Use, & Other Taxes                                     -
Inventory Purchases                                           -
Secured/Rental/Leases                                         -
Insurance                                                     -
Administrative                                                -
Selling                                                       -
Other                                                 4,223,544
Owner Draw                                                    -
Transfers (to DIP Accts.)                            11,148,499
Professional Fees                                     1,345,222
U.S. Trustee Quarterly Fees                                   -
Court Costs                                                   -
                                               ----------------
Total Disbursements                                  16,717,265
                                               ----------------
Net Cash Flow                                        (3,421,002)
                                               ----------------
Cash - End of Month                                 $29,635,692
                                               ================

                       About Ambac Financial

Ambac Financial Group, Inc., headquartered in New York City, is a
holding company whose affiliates provided financial guarantees and
financial services to clients in both the public and private
sectors around the world.

Ambac Financial filed a voluntary petition for relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No.
10-15973) in Manhattan on Nov. 8, 2010.  Ambac said it will
continue to operate in the ordinary course of business as "debtor-
in-possession" under the jurisdiction of the Bankruptcy Court and
in accordance with the applicable provisions of the Bankruptcy
Code and the orders of the Bankruptcy Court.

Ambac's bond insurance unit, Ambac Assurance Corp., did not file
for bankruptcy.  AAC is being restructured by state regulators in
Wisconsin.  AAC is domiciled in Wisconsin and regulated by the
Office of the Commissioner of Insurance of the State of Wisconsin.
The parent company is not regulated by the OCI.

Ambac's consolidated balance sheet -- which includes non-debtor
Ambac Assurance Corp -- showed US$30.05 billion in total assets,
US$31.47 billion in total liabilities, and a US$1.42 billion
stockholders' deficit, at June 30, 2010.

On an unconsolidated basis, Ambac said in a court filing that
it has assets of (US$394.5 million) and total liabilities of
US$1.6826 billion as of June 30, 2010.

Bank of New York Mellon Corp., as trustee to seven different types
of notes, is listed as the largest unsecured creditor, with claims
totaling about US$1.62 billion.

Peter A. Ivanick, Esq., Allison H. Weiss, Esq., and Todd L.
Padnos, Esq., at Dewey & LeBoeuf LLP, serve as the Debtor's
bankruptcy counsel.  The Blackstone Group LP is the Debtor's
financial advisor.  Kurtzman Carson Consultants LLC is the claims
and notice agent.  KPMG LLP is tax consultant to the Debtor.

Anthony Princi, Esq., Gary S. Lee, Esq., and Brett H. Miller,
Esq., at Morrison & Foerster LLP, in New York, serve as counsel
to the Official Committee of Unsecured Creditors.  Lazard Freres
& Co. LLC is the Committee's financial advisor.

The confirmation hearing for approval of Ambac's Chapter 11 plan,
originally set for Dec. 8, is now on the calendar for Jan. 19.
Disagreements with the Wisconsin insurance commissioner over the
sharing of tax benefits had held up a plan for the holding
company.

Bankruptcy Creditors' Service, Inc., publishes Ambac Bankruptcy
News.  The newsletter tracks the Chapter 11 proceeding undertaken
by Ambac Financial Group and the restructuring proceedings of
Ambac Assurance Corp. (http://bankrupt.com/newsstand/or 215/945-
7000).


CAGLE'S INC: Has $7.57-Mil. Cash at December 3
----------------------------------------------
Cagle's, Inc., and its wholly-owned subsidiary Cagle's Farms,
Inc., filed on Dec. 30, 2011, their standard monthly operating
report for the period from Oct. 30, 2011, to Dec. 3, 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     $2,447,000
    Cash Receipts                           $29,197,000
    Revolver Draw/(Paydown)                  $3,845,000
    Disbursements                           $27,911,000
    Funds at the End of the Period           $7,578,000

Professional fees included in disbursements totaled $67,000 in the
period.

Funds at the end of the period are net of $1,625,000 of
outstanding checks and $641,000 of outstanding payroll.

The Debtors reported net income of $156,000 on $28,068,000 of net
sales for the 5 weeks ended Dec. 3, 2011.

The Debtors' balance sheet at Dec. 3, 2011, showed $85,200,000 in
total assets, $77,980,000 in total current liabilities, and
stockholders' equity of $7,220,000.

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

                          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.


CB HOLDING: Posts $14,741 Net Loss in Fiscal Month Ended Oct. 30
----------------------------------------------------------------
CB Holding Corp. reported a net loss of $14,741 on $nil sales for
the filing period Oct. 2, 2011, through Oct. 30, 2011.

At Oct. 30, 2011, the Debtor had $7.0 million in total assets,
$146.8 million in total liabilities, and a stockholders' deficit
of $139.8 million.

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

         http://bankrupt.com/misc/cbholding.oct30mor.pdf

                         About CB Holding

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

CB Holding and its affiliates filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case No. 10-13683) on Nov. 17, 2010.

After filing for Chapter 11, CB Holding sold 20 Charlie Brown's
locations for $9.5 million.  The 12 remaining Bugaboo Creek stores
realized $10.05 million while the seven The Office Restaurants
produced $4.675 million.

Joel H. Leviton, Esq., Stephen J. Gordon, Esq., Richard A.
Stieglitz Jr., Esq., and Maya Peleg, Esq., at Cahill Gordon &
Reindel LLP, in New York; and Mark D. Collins, Esq., Christopher
M. Samis, Esq., and Tyler D. Semmelman, Esq., at Richards, Layton
& Finger, P.A., in Wilmington, Delaware, assist the Debtors in
their restructuring effort.  The Garden City Group, Inc., is the
Debtors' notice, claims and solicitation agent.

Jeffrey N. Pomerantz, Esq., at Pachulski Stang Ziehl & Jones LLP,
in Los Angeles; and Bradford J. Sandler, Esq., at Pachulski Stang
Ziehl & Jones LLP, in Wilmington, Delaware, represent the
Official Committee of Unsecured Creditors.

CB Holding estimated its assets at $100 million to $500 million
and debts at $50 million to $100 million.  At the outset of the
Chapter 11 case, the lenders were owed $70.2 million.


HOWREY LLP: Ends October 2011 With $2.85-Mil. in Unrestricted Cash
------------------------------------------------------------------
On Dec. 29, 2011, Howrey LLP filed its monthly operating report
for the month ended Oct. 31, 2011.

Total assets decreased from $40.1 million at the end of the prior
month to $39.9 million at the end of the current month.  Total
current assets decreased from $24.8 million to $24.6 million.

The former law firm ended the period with $2.84 in unrestricted
cash and cash equivalents, compared to beginning cash of
$2.82 million.  Receipts exceeded disbursements by $21,496
($358,720 - $337,224).

Accounts receivable (net) decreased from $17.85 million to
$17.76 million.

A copy of the October 2011 monthly operating report is available
for free at http://bankrupt.com/misc/howreyllp.doc494.pdf

                         About Howrey LLP

Three creditors filed an involuntary Chapter 7 petition (Bankr.
N.D. Calif. Case No. 11-31376) on April 11, 2011, against the
remnants of the Washington-based law firm Howrey LLP.  The filing
was in San Francisco, where the firm had an office.  The firm
previously was known as Howrey & Simon and Howrey Simon Arnold &
White LLP.  The firm at one time had more than 700 lawyers in 17
offices.  The partners voted to dissolve in March.

The firm specialized in antitrust and intellectual-property
matters.  The three creditors filing the involuntary petition
together have $36,600 in claims, according to their petition.

The involuntary chapter 7 petition was converted to a chapter 11
case in June at the request of the firm.  In its schedules filed
in July, the Debtor disclosed assets of $138.7 million and
liabilities of $107.0 million.

Representing Citibank, the firm's largest creditor, is Kelley
Cornish, Esq. -- kcornish@paulweiss.com -- a partner at Paul,
Weiss, Rifkind, Wharton & Garrison.  Representing Howrey is H.
Jason Gold, Esq. -- jgold@wileyrein.com -- a partner at Wiley
Rein.

The Official Committee of Unsecured Creditors is represented in
the case by Bradford F. Englander, Esq., at Whiteford, Taylor And
Preston LLP.

In September 2011, Citibank sought conversion of the Debtor's case
to Chapter 7 or, in the alternative, appointment of a Chapter 11
Trustee.  The Court entered an order appointing a Chapter 11
Trustee. In October 2011, Allan B. Diamond was named as Trustee.


HUDSON HEALTHCARE: Ends October 2011 With $294,228 Cash
-------------------------------------------------------
Hudson Healthcare Inc. filed with the U.S. Bankruptcy Court for
the District of New Jersey its monthly operating report for the
month ended Oct. 31, 2011.

The Debtor reported a net loss of $5,440 on $10.2 million of
revenue for the month.  The Debtor incurred a total of $250,926 in
professional fees in the month.

At Oct. 31, 2011, the Debtor had $38.0 million in total assets,
$38.4 in total liabilities, and a stockholders' deficit of
$421,823.

The Debtor ended the period with $294,228 cash.

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

       http://bankrupt.com/misc/hudsonhealthcare.doc456.pdf

                     About Hudson Healthcare

Hudson Healthcare Inc. is the nonprofit operator of Hoboken
University Medical Center in Hoboken, New Jersey.

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

Attorneys at Trenk, DiPasquale, Webster, Della Fera & socono,
P.C., in West Orange, N.J., serve as counsel to the Debtor.
Daniel McMurray, the patient care ombudsman, has tapped Neubert,
Pepe & Monteith P.C. as his counsel effective Aug. 25, 2011.  The
Official Committee of Unsecured Creditors of Hudson Healthcare has
retained Sills Cummis & Gross P.C., in Newark, N.J., as its
counsel, nunc pro tunc to Aug. 12, 2011.


LEHMAN BROTHERS: Has $24.35-Bil. in Cash as of Nov. 30
------------------------------------------------------
Lehman Brothers Holdings Inc. disclosed these cash receipts and
disbursements of the company, its affiliated debtors and
controlled entities for the month ended November 30, 2011:

Beginning Total Cash & Investments (11/01/11)  $26,327,000,000
Total Sources of Cash                            1,597,000,000
Total Uses of Cash                                (760,000,000)
FX Fluctuation                                      (9,000,000)
                                                ---------------
Ending Total Cash & Investments (11/30/11)     $24,348,000,000

LBHI reported $4.857 billion in cash and investments as of
November 1, 2011, and $4.875 billion as of November 30, 2011.

The monthly operating report also showed that a total of
$30.582 million was paid last month to the U.S Trustee and
professionals that were retained in the Debtors' Chapter 11
cases.

From September 15, 2008 to November 30, 2011, a total of
$1,510,431,000 was paid to the U.S. Trustee and professionals, of
which $496,191,000 was paid to the Debtors' turnaround manager
Alvarez & Marsal LLC while $366,614,000 was paid to their
bankruptcy counsel, Weil Gotshal & Manges LLP.

The Lehman bankruptcy became America's most costly in April 2010,
when it topped the $757 million cost of energy trader Enron
Corp.'s three-year liquidation, according to a data compiled by
Lynn LoPucki, a bankruptcy-law professor at the University of
California, Los Angeles, Bloomberg News cited.

A copy of the November 2011 Operating Report is available for
free at http://bankrupt.com/misc/LehmanMORNov3011.pdf

                     Sept. 30 Balance Sheet

Lehman Brothers Holdings Inc. and its affiliated debtors filed
copies of their balance sheets as of September 30, 2011.  The
documents showed that as of September 30, 2011, the company had
total assets of $138.771 billion, total liabilities of $178.749
billion and total stockholders' equity of ($39.978) billion.

Copies of the balance sheets are available without charge
at http://bankrupt.com/misc/LBHI_AmSept2011MOR.pdf

                      About Lehman Brothers

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

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

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

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

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

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

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

               International Operations Collapse

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

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

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


LOS ANGELES DODGERS: LA Holdco Posts $12.1MM Net Loss in November
-----------------------------------------------------------------
LA Holdco LLC reported a net loss of $12.1 million on $2.2 million
of revenues for the month of November 2011.

LA Holdco LLC's consolidated balance sheet at Nov. 30, 2011,
showed $333.3 million in total assets, $638.3 million in total
liabilities, and a members' deficit of $305.0 million.

Los Angeles Dodgers LLC reported a net loss of $8.7 million on
$2.4 million of revenues for the month ended Nov. 30, 2011.

As of Nov. 30, 2011, Los Angeles Dodgers LLC had $153.1 million
in total assets, $248.1 million in total liabilities, and a
members' deficit of $95.0 million.

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

As of Nov. 30, 2011, LA Real Estate LLC had total assets of
$227.8 million, total liabilities of $437.8 million, and a
members' deficit of $210.0 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/losangelesdoedgers.nov2011mor.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.


LTV CORP: Ends November 2011 With $2.74-Mil. Cash
-------------------------------------------------
On Dec. 21, 2011, The LTV Corporation, et al., submitted to
the United States Bankruptcy Court for the Northern District of
Ohio, Eastern Division, their monthly operating report for
November 2011.

LTV ended the period with a $2,744,000 cash balance.  LTV reported
$66,000 in receipts and $478,000 in disbursements in November,
including $444,000 paid to Chapter 11 professionals.  Beginning
cash was $3,156,000.

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

                       http://is.gd/TjS6HH

                    About The LTV Corporation

Headquartered in Cleveland, Ohio, The LTV Corp. operates as a
domestic integrated steel producer.  The Company along with 48
subsidiaries filed for Chapter 11 protection on Dec. 29, 2000
(Bankr. N.D. Ohio, Case No. 00-43866).  On Aug. 31, 2001, the
Company disclosed $4,853,100,000 in total assets and
$4,823,200,000 in total liabilities.

By order dated Feb. 28, 2002, the Court approved the sale of
substantially all of the Debtors' integrated steel assets to WLR
Acquisition Corp. n/k/a International Steel Group, Inc., for a
purchase price of roughly $80 million, plus the assumption of
certain environmental and other obligations.  ISG also purchased
inventories which were located at the integrated steel facilities
for roughly $52 million.  The sale of the Debtors' integrated
steel assets to ISG closed in April 2002, and a second closing
related to the purchase of the inventory occurred in May 2002.

On Dec. 31, 2002, substantially all of the assets of the Pipe
and Conduit Business, consisting of LTV Tubular Company, a
division of LTV Steel Company, Inc., and Georgia Tubing
Corporation, were sold to Maverick Tube Corporation for cash of
roughly $120 million plus the assumption of certain environmental
and other obligations.  On Oct. 16, 2002, the Debtors announced
that they intended to reorganize the Copperweld Business as a
stand-alone business.  The LTV Corporation no longer exercised any
control over the business or affairs of the Copperweld Business.
A separate plan of reorganization was developed for the Copperweld
Business.  On Aug. 5, 2003, the Copperweld Business filed a
disclosure statement for the Joint Plan of Reorganization of
Copperweld Corporation and certain of its debtor affiliates.  On
Oct. 8, 2003, the Court approved the Second Amended Disclosure
Statement.  On Nov. 17, 2003, the Court confirmed the Second
Amended Joint Plan, as modified, and on Dec. 17, 2003, the Plan
became effective and the common stock was canceled.  Because The
LTV Corporation received no distributions under the Second Amended
Plan, LTV's equity in the Copperweld Business is worthless and has
been canceled.  On March 31, 2011, the Court granted a final
decree closing the chapter 11 cases of each of the Copperweld
debtors.

In November 2002, the Debtors paid the DIP Lenders the remaining
balance due for outstanding loans and in December 2002, the
remaining letters of credit were canceled or cash collateralized.
Consequently, the Debtors have no remaining obligation to the DIP
Lenders.  Pursuant to a February 2003 Court order, LTV Steel
continued the orderly liquidation and wind down of its businesses.

On Oct. 8, 2003, the Court entered an Order substantively
consolidating the Chapter 11 estates of LTV Steel and Georgia
Tubing Corporation for all purposes.

In November and December 2003, approximately $91.9 million was
distributed by LTV Steel to other Debtors pursuant to the
Intercompany Settlement Agreement that was approved by the Court
on Nov. 17, 2003.  Because the amount of secured and unsecured
debt of such other Debtors exceeds the amount of the distributions
to such other Debtors, LTV's equity in such Debtors is worthless.

On March 31, 2005, the Court entered an order that among other
things: (a) approved a distribution and dismissal plan for LTV and
certain other debtors; (b) authorized LTV and LTV Steel to take
any and all actions that are necessary or appropriate to implement
the distribution and dismissal plan; (c) established March 31,
2005, as the record date for identifying shareholders of LTV that
are entitled to any and all shareholder rights with respect to the
distribution and dismissal plan and the eventual dissolution of
LTV (although shareholders of LTV will not receive a distribution
on account of their shares of LTV's stock); and (d) authorized LTV
to establish and fund a reserve account for the conduct of post-
dismissal activities and the payment of post-dismissal claims.

LTV is in the process of liquidating, and its stock is worthless.
There is no set of facts known to LTV that will result in proceeds
of asset sales exceeding LTV's known liabilities.  Thus, there
will be no recovery to LTV's stockholders.  Pursuant to the
March 31, 2005 Order, the record date for shareholders has been
established as of March 31, 2005.  Accordingly, effective as of
March 31, 2005, LTV will no longer engage the transfer agent to
maintain the transfer records for LTV's common or preferred stock.

On April 15, 2005, the Official Committee of Administrative
Claimants ("ACC") filed a motion with the Court for an order
authorizing the Committee to commence and prosecute causes of
action against certain officers and directors of LTV Steel and LTV
on behalf of the LTV Steel bankruptcy estate.  A hearing on the
motion was held in Bankruptcy Court on June 7, 2005.  A written
ruling was issued on Sept. 2, 2005, whereby the ACC's motion was
granted, in part, as determined in the Court's Order.  On
Sept. 13, 2005, the ACC filed a complaint in the United States
District Court for the Northern District of Ohio (the "District
Court") against certain officers and directors of LTV Steel and
LTV on behalf of the LTV Steel bankruptcy estate (the
"Complaint").  On Sept. 20, 2005, the Court granted a motion filed
by Mr. Moran, a former director and officer, for a stay pending
appeal (the "Stay Order").  On Jan. 30, 2006, the Court entered an
Agreed Order whereby, under a stipulation dated as of Nov. 30,
2005, between the ACC and the nine named defendants of the
Complaint (collectively, the "Defendants"), the Stay Order will
apply equally to the ACC and all Defendants and will stay the
lawsuit until the disposition of Mr. Moran's appeal (the "Moran
Appeal").  Also, the parties have the right to engage in limited
discovery as permitted under terms of the stipulation.  On
April 2, 2009, the ACC filed its First Amended Complaint ("First
Amended Complaint") and the ACC also filed a Notice of Lifting of
The Stipulated Stay of Proceedings.

On Nov. 8, 2006, the District Court entered an order dismissing
the Moran Appeal (the "Dismissal Order").  On Nov. 28, 2006, Mr.
Moran filed a notice of appeal of the Dismissal Order to the
United States Court of Appeals for the Sixth Circuit.  The Sixth
Circuit heard oral arguments on Jan. 15, 2009, and issued its
opinion on March 23, 2009.  The opinion of the Sixth Circuit
affirmed the Nov. 8, 2006 District Court's ruling.  On April 6,
2009, Mr. Moran filed a Petition for Rehearing and Suggestion for
Rehearing En Banc ("Petition for Rehearing") and Mr. Moran also
filed a Notice of Continuation of Stay Pending Consideration by
the Sixth Circuit of the Petition for Rehearing.  On July 15,
2009, the District Court issued an order lifting the Stay Order
previously imposed.  On July 21, 2009, the Sixth Circuit issued an
order denying the Petition for Rehearing.

On March 28, 2007, the ACC filed a motion with the Court
requesting an order to approve the appointment of a Chapter 11
trustee (the "Chapter 11 Trustee Motion").  On April 11, 2007,
April 12, 2007, and May 1, 2007, certain of the Defendants filed
motions to convert the case to Chapter 7 (the "Chapter 7 Trustee
Motion").  On June 28, 2007, the ACC filed a motion to withdraw
the Chapter 11 Trustee Motion; the Court granted the ACC's
withdrawal motion on Aug. 1, 2007.  An evidentiary hearing on the
Chapter 7 Trustee Motion was held in August 2007.  The Court has
not yet issued its order.

On Sept. 18, 2009, the Defendants filed Motions to Dismiss the
First Amended Complaint.  A hearing on the Motions to Dismiss was
held in the District Court on April 16, 2010.  The District Court
issued its opinion and order on Sept. 21, 2010, denying the
Motions to Dismiss.  The discovery deadline was June 27, 2011, and
the District Court set a trial date of Nov. 21, 2011, however, due
to the pending settlement discussed below, the trial date has been
vacated.

The ACC has reached a global settlement with the Defendants to the
Complaint and various insurance companies under terms of a
Directors, Officers and Corporate Liability Policy.  The
settlement was approved by the Court on Dec. 12, 2011, and the
order became effective and enforceable immediately upon entry.
Under terms of the settlement agreement, the insurers will pay
$85 million into the LTV Steel Company Qualified Settlement Fund
(the "Settlement Payment").  Subject to satisfaction of certain
conditions, the Settlement Payment, net of amounts necessary to
pay the fees of the ACC's special litigation counsel, will be
disbursed to make an interim distribution not less than 95% of the
allowed but as yet unpaid amount of such administrative claims.
It is anticipated that sufficient funds will be available to pay
all allowed administrative claims in full and that funds will be
available to pay unsecured priority claims on a pro rata basis.  A
motion to establish a bar date for unsecured priority claims is
expected to be filed in January 2012.


NEW STREAM: NS Capital Ends November 2011 With $751,421 Cash
------------------------------------------------------------
New Stream Capital, LLC, reported net income of $76,998 on total
income of $76,998 for November 2011.

At Nov. 30, 2011, the Company had $2.3 million in total assets
$1.4 million in total liabilities, and total equity of $844,845.

The Company ended the period with $751,421 cash.

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

       http://bankrupt.com/misc/newstreamcapital.doc753.pdf

New Stream Capital, LLC, reported net income of $77,852 on total
income of $77,852 for October 2011.

At Oct. 31, 2011, the Company had $2.1 million in total assets
$1.4 million in total liabilities, and total equity of $767,847.

The Company ended the period with $751,585 cash.

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

       http://bankrupt.com/misc/newstreamcapital.doc711.pdf

About New Stream

New Stream is an inter-related group of companies that
collectively comprise an investment fund, headquartered in
Ridgefield, Connecticut.  Founded in 2002, New Stream focuses on
providing non-traded private debt to the insurance, real estate
and commercial finance sectors.

On March 7, 2011, when New Stream was still soliciting votes on
the Chapter 11 plan, certain investors filed a petition (Bankr. D.
Del. Lead Case No. 11-10690) seeking to force three New Stream
funds -- New Stream Secured Capital Fund (U.S.) LLC, New Stream
Secured Capital Fund P1 (Cayman), Ltd. and New Stream Secured
Capital Fund K1 (Cayman), Ltd. -- to Chapter 11 bankruptcy.

The petitioning investors in the New Stream investment enterprise
say they are collectively owed over $90 million, representing
roughly 28% of the approximately $320 million owed to all U.S. and
Cayman investors.  The Petitioners are represented by (i) Joseph
H. Huston, Jr., Esq., Maria Aprile Sawczuk, Esq., Meghan A.
Cashman, Esq., at Stevens & Lee, P.C., in Wilmington, Delaware,
and Beth Stern Fleming, Esq., at Stevens & Lee, P.C., in
Philadelphia, Pennsylvania, and Nicholas F. Kajon, Esq., David M.
Green, Esq., and Constantine Pourakis, Esq., at Stevens & Lee,
P.C., in New York, (ii) Edward Toptani, Esq., at Toptani Law
Offices, in New York, and (iii) John M Bradham, Esq., and David
Hartheimer, Esq., at Mazzeo Song & Bradham LLP, in New York.

New Stream Secured Capital, Inc., and three affiliates (New Stream
Insurance, LLC, New Stream Capital, LLC, and New Stream Secured
Capital, L.P.) filed Chapter 11 petitions (Bankr. D. Del. Lead
Case No. 11-10753) on March 13, 2011, with a proposed prepackaged
Chapter 11 plan.

Kurt F. Gwynne, Esq., J. Cory Falgowski, Esq., Michael J.
Venditto, Esq., and Scott M Esterbrook, Esq., at Reed Smith LLP,
serve as the Debtors' bankruptcy counsel. Kurtzman Carson
Consultants LLC is the Debtors' claims and notice agent.

NSSC, Inc., estimated its assets and debts at up to $50,000.  NSC
estimated its assets at $100,000 to $500,000 and debts at $50,000
to $100,000.  NSI estimated its assets at $100 million to
$500 million and debts at $50 million to $100 million.  NSSC, LP,
estimated its assets and debts at $500 million to $1 billion.

NSI's insurance portfolio is being sold for $184.35 million as
part of the Chapter 11 plan.  The aggregate indebtedness secured
by the investment portfolio of NSSC is $688,412,974.  NSI owes
$81,573,376 to certain account classes under a Bermuda fund.

The Official Committee of Unsecured Creditors proposes to hire
Kurtzman Carson Consultants LLC as its communications agent;
Houlihan Lokey Howard & Zukin Capital, Inc., as its financial
advisor and investment banker; and Zolfo Cooper, LLC, as its
forensic accountants and litigation support consultants.

New Stream completed a sale of its assets on June 3.  New Stream
sold the portfolio of life-insurance policies to an affiliate of
McKinsey & Co. for $127.5 million.  There were no competing bids
at auction.


NEW STREAM: NS Insurance Ends November 2011 With $24.09-Mil. Cash
-----------------------------------------------------------------
New Stream Insurance, LLC, reported a net loss of $340,179 on
$nil revenue for the month ended Nov. 30, 2011.

At Nov. 30, 2011, the Company had $64.4 million in total assets,
$6.1 million in total liabilities, and total equity of
$58.3 million.

The Company ended the period with $24,095,202 cash.

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

      http://bankrupt.com/misc/newstreaminsurance.doc752.pdf

New Stream Insurance, LLC, reported a net loss of $774,038 on
$nil revenue for the month ended Oct. 31, 2011.

At Oct. 31, 2011, the Company had $65.7 million in total assets,
$7.1 million in total liabilities, and total equity of
$58.6 million.

The Company ended the period with $25,360,948 cash.

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

      http://bankrupt.com/misc/newstreaminsurance.doc710.pdf

About New Stream

New Stream is an inter-related group of companies that
collectively comprise an investment fund, headquartered in
Ridgefield, Connecticut.  Founded in 2002, New Stream focuses on
providing non-traded private debt to the insurance, real estate
and commercial finance sectors.

On March 7, 2011, when New Stream was still soliciting votes on
the Chapter 11 plan, certain investors filed a petition (Bankr. D.
Del. Lead Case No. 11-10690) seeking to force three New Stream
funds -- New Stream Secured Capital Fund (U.S.) LLC, New Stream
Secured Capital Fund P1 (Cayman), Ltd. and New Stream Secured
Capital Fund K1 (Cayman), Ltd. -- to Chapter 11 bankruptcy.

The petitioning investors in the New Stream investment enterprise
say they are collectively owed over $90 million, representing
roughly 28% of the approximately $320 million owed to all U.S. and
Cayman investors.  The Petitioners are represented by (i) Joseph
H. Huston, Jr., Esq., Maria Aprile Sawczuk, Esq., Meghan A.
Cashman, Esq., at Stevens & Lee, P.C., in Wilmington, Delaware,
and Beth Stern Fleming, Esq., at Stevens & Lee, P.C., in
Philadelphia, Pennsylvania, and Nicholas F. Kajon, Esq., David M.
Green, Esq., and Constantine Pourakis, Esq., at Stevens & Lee,
P.C., in New York, (ii) Edward Toptani, Esq., at Toptani Law
Offices, in New York, and (iii) John M Bradham, Esq., and David
Hartheimer, Esq., at Mazzeo Song & Bradham LLP, in New York.

New Stream Secured Capital, Inc., and three affiliates (New Stream
Insurance, LLC, New Stream Capital, LLC, and New Stream Secured
Capital, L.P.) filed Chapter 11 petitions (Bankr. D. Del. Lead
Case No. 11-10753) on March 13, 2011, with a proposed prepackaged
Chapter 11 plan.

Kurt F. Gwynne, Esq., J. Cory Falgowski, Esq., Michael J.
Venditto, Esq., and Scott M Esterbrook, Esq., at Reed Smith LLP,
serve as the Debtors' bankruptcy counsel. Kurtzman Carson
Consultants LLC is the Debtors' claims and notice agent.

NSSC, Inc., estimated its assets and debts at up to $50,000.  NSC
estimated its assets at $100,000 to $500,000 and debts at $50,000
to $100,000.  NSI estimated its assets at $100 million to
$500 million and debts at $50 million to $100 million.  NSSC, LP,
estimated its assets and debts at $500 million to $1 billion.

NSI's insurance portfolio is being sold for $184.35 million as
part of the Chapter 11 plan.  The aggregate indebtedness secured
by the investment portfolio of NSSC is $688,412,974.  NSI owes
$81,573,376 to certain account classes under a Bermuda fund.

The Official Committee of Unsecured Creditors proposes to hire
Kurtzman Carson Consultants LLC as its communications agent;
Houlihan Lokey Howard & Zukin Capital, Inc., as its financial
advisor and investment banker; and Zolfo Cooper, LLC, as its
forensic accountants and litigation support consultants.

New Stream completed a sale of its assets on June 3.  New Stream
sold the portfolio of life-insurance policies to an affiliate of
McKinsey & Co. for $127.5 million.  There were no competing bids
at auction.


NEW STREAM: NS Secured Ends November With $5.88-Mil. Cash
---------------------------------------------------------
New Stream Secured Capital, L.P., reported a net loss of
$4.5 million for the month of November 2011.

At Nov. 30, 2011, the Company had $194.8 million in total assets
$706.0 million in total liabilities, and an equity deficit of
$511.2 million.

The Company ended the period with $5,889,720 cash.

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

       http://bankrupt.com/misc/newstreamsecured.doc754.pdf

New Stream Secured Capital, L.P., reported a net loss of
$2.1 million for the month of October 2011.

At Oct. 31, 2011, the Company had $200.3 million in total assets
$707.0 million in total liabilities, and an equity deficit of
$506.7 million.

The Company ended the period with $6,996,903 cash.

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

       http://bankrupt.com/misc/newstreamsecured.doc712.pdf

About New Stream

New Stream is an inter-related group of companies that
collectively comprise an investment fund, headquartered in
Ridgefield, Connecticut.  Founded in 2002, New Stream focuses on
providing non-traded private debt to the insurance, real estate
and commercial finance sectors.

On March 7, 2011, when New Stream was still soliciting votes on
the Chapter 11 plan, certain investors filed a petition (Bankr. D.
Del. Lead Case No. 11-10690) seeking to force three New Stream
funds -- New Stream Secured Capital Fund (U.S.) LLC, New Stream
Secured Capital Fund P1 (Cayman), Ltd. and New Stream Secured
Capital Fund K1 (Cayman), Ltd. -- to Chapter 11 bankruptcy.

The petitioning investors in the New Stream investment enterprise
say they are collectively owed over $90 million, representing
roughly 28% of the approximately $320 million owed to all U.S. and
Cayman investors.  The Petitioners are represented by (i) Joseph
H. Huston, Jr., Esq., Maria Aprile Sawczuk, Esq., Meghan A.
Cashman, Esq., at Stevens & Lee, P.C., in Wilmington, Delaware,
and Beth Stern Fleming, Esq., at Stevens & Lee, P.C., in
Philadelphia, Pennsylvania, and Nicholas F. Kajon, Esq., David M.
Green, Esq., and Constantine Pourakis, Esq., at Stevens & Lee,
P.C., in New York, (ii) Edward Toptani, Esq., at Toptani Law
Offices, in New York, and (iii) John M Bradham, Esq., and David
Hartheimer, Esq., at Mazzeo Song & Bradham LLP, in New York.

New Stream Secured Capital, Inc., and three affiliates (New Stream
Insurance, LLC, New Stream Capital, LLC, and New Stream Secured
Capital, L.P.) filed Chapter 11 petitions (Bankr. D. Del. Lead
Case No. 11-10753) on March 13, 2011, with a proposed prepackaged
Chapter 11 plan.

Kurt F. Gwynne, Esq., J. Cory Falgowski, Esq., Michael J.
Venditto, Esq., and Scott M Esterbrook, Esq., at Reed Smith LLP,
serve as the Debtors' bankruptcy counsel. Kurtzman Carson
Consultants LLC is the Debtors' claims and notice agent.

NSSC, Inc., estimated its assets and debts at up to $50,000.  NSC
estimated its assets at $100,000 to $500,000 and debts at $50,000
to $100,000.  NSI estimated its assets at $100 million to
$500 million and debts at $50 million to $100 million.  NSSC, LP,
estimated its assets and debts at $500 million to $1 billion.

NSI's insurance portfolio is being sold for $184.35 million as
part of the Chapter 11 plan.  The aggregate indebtedness secured
by the investment portfolio of NSSC is $688,412,974.  NSI owes
$81,573,376 to certain account classes under a Bermuda fund.

The Official Committee of Unsecured Creditors proposes to hire
Kurtzman Carson Consultants LLC as its communications agent;
Houlihan Lokey Howard & Zukin Capital, Inc., as its financial
advisor and investment banker; and Zolfo Cooper, LLC, as its
forensic accountants and litigation support consultants.

New Stream completed a sale of its assets on June 3.  New Stream
sold the portfolio of life-insurance policies to an affiliate of
McKinsey & Co. for $127.5 million.  There were no competing bids
at auction.


PFF BANCORP: End November 2011 With $42.34 Million Cash
-------------------------------------------------------
PFF Bancorp, Inc., Glencrest Investment Advisors, Inc., Glencrest
Insurance Services, Inc., Diversified Builder Services, Inc., and
PFF Real Estate Services, Inc., filed on Dec. 20, 2011, their
monthly operating reports for November 2011 with the United
States Bankruptcy Court for the District of Delaware.

PFF Bancorp reported net income of $4,310 for the period.

At Nov. 30, 2011, PFF Bancorp had total assets of $55.1 million,
total liabilities of $160.0 million, and a stockholders' deficit
of $104.9 million.

The Debtors ended November 2011 with $42,346,305, compared to
beginning cash of $42,347,222.

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

                       http://is.gd/aHDUBl

                        About PFF Bancorp

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

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

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


PHILADELPHIA ORCHESTRA: Has $2.9 Million November Deficit
---------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the Philadelphia Orchestra reported a deficit of $2.9
million in November on total operating revenue just under $2
million.  Operating expenses in the month were $3.5 million.


                    About Philadelphia Orchestra

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

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

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

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

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

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


SAINT VINCENTS: Posts $1.1 Million Net Loss in October 2011
-----------------------------------------------------------
Saint Vincents Catholic Medical Centers of New York, et al.,
reported a decrease in net assets of $1.1 million on
$15.3 million of operating revenue for October 2011.

At Oct. 31, 2011, the Debtors' balance sheet showed
$131.6 million in total assets, $657.2 million in total
liabilities, and a net asset deficit of $525.6 million.

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

        http://bankrupt.com/misc/saintvincents.doc2255.pdf

                       About Saint Vincents

Saint Vincents Catholic Medical Centers of New York, doing
business as St. Vincent Catholic Medical Centers --
http://www.svcmc.org/-- was anchored by St. Vincent's Hospital
Manhattan, an academic medical center located in Greenwich Village
and the only emergency room on the Westside of Manhattan from
Midtown to Tribeca, St. Vincent's Westchester, a behavioral health
hospital in Westchester County, and continuing care services that
include two skilled nursing facilities in Brooklyn, another on
Staten Island, a hospice, and a home health agency serving the
Metropolitan New York area.

Saint Vincent Catholic Medical Centers of New York and six of its
affiliates first filed for Chapter 11 protection on July 5, 2005
(Bankr. S.D.N.Y. Case Nos. 05-14945 through 05-14951).

St. Vincents Catholic Medical Centers returned to bankruptcy court
by filing another Chapter 11 petition (Bankr. S.D.N.Y. Case No.
10-11963) on April 14, 2010.  The Debtor estimated assets of
$348 million against debts totaling $1.09 billion in the new
petition.

Although the hospitals emerged from the prior reorganization in
July 2007 with a Chapter 11 plan said to have "a realistic chance"
of paying all creditors in full, the bankruptcy left the medical
center with more than $1 billion in debt.  The new filing occurred
after a $64 million operating loss in 2009 and the last potential
buyer terminated discussions for taking over the flagship
hospital.

Adam C. Rogoff, Esq., and Kenneth H. Eckstein, Esq., at Kramer
Levin Naftalis & Frankel LLP, represent the Debtor in its
Chapter 11 effort.

On April 11, 2011, the Bankruptcy Court approved the sale of the
Manhattan Campus to RSV, LLC, and North Shore-Long Island Jewish
Health Care System, for $260 million.


TRAILER BRIDGE: Ends November 2011 With $6.29-Mil. Cash
-------------------------------------------------------
On Dec. 30, 2011, Trailer Bridge, Inc., filed its monthly
operating report for the period from Nov. 16, 2011, through
Nov. 30, 2011, with the U.S. Bankruptcy Court for the Middle
District of Florida.

The Debtor reported a net loss of $954,659 on $5.3 million of net
revenue for the period.  Reorganization expenses totaled
$1.1 million for the period.

The Debtor's balance sheet at Nov. 30, 2011, showed $109.5 million
in total assets, $126.7 million in total liabilities, and a
stockholders' deficit of $17.2 million.

The Debtor ended the period with unrestricted cash and equivalents
of $6.29 million.

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

     http://bankrupt.com/misc/trailerbridge.doc170.pdf

About Trailer Bridge

Jacksonville, Fla.-based Trailer Bridge, Inc. --
http://www.trailerbridge.com/-- provides integrated trucking and
marine freight service to and from all points in the lower 48
states and Puerto Rico and Dominican Republic.  This total
transportation system utilizes its own trucks, drivers, trailers,
containers and U.S. flag vessels to link the mainland with Puerto
Rico via marine facilities in Jacksonville, San Juan and Puerto
Plata.

Trailer Bridge filed a voluntary Chapter 11 petition (Bankr. M.D.
Fla. Case No. 11-08348) on Nov. 16, 2011, one day after its
$82.5 million 9.25% Senior Secured Notes became due.

Judge Jerry A. Funk presides over the case.  Gardner F. Davis,
Esq., at Foley & Lardner LLP, and DLA Piper LLP (US) serve as the
Debtor's counsel.  Global Hunter Securities LLC serves as the
Debtor's investment banker.  RAS Management Advisors LLC serves as
the Debtor's financial advisor.  The petition was signed by Mark
A. Tanner, co-chief executive officer.

In its schedules, the Debtor disclosed $97,345,981 in assets and
$112,538,934 in liabilities.


VITRO SAB: Mukki LLC Posts $246,162 Net Loss in November 2011
-------------------------------------------------------------
On Dec. 16, 2011, Mukki LLC f/k/a Vitro America, LLC, Tayo Inc.
f/k/a Super Sky Products, Inc., VVP Finance Corporation, VVP
Funding Corporation and VVP Holdings, LLC, filed their monthly
operating reports for the month ending Nov. 30, 2011, with the
U.S. Bankruptcy Court for the Northern District of Texas.

Mukki LLC reported a net loss of $246,162 on $nil revenue
for the month.

At Nov. 30, 2011, Mukki LLC America had $16.2 million in total
assets, $246.0 million in total liabilities, and a stockholders'
deficit of $229.9 million.  Mukki LLC ended the period with
$6,011,809 in unrestricted cash.

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

          http://bankrupt.com/misc/mukkillc.doc1476.pdf

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

At Nov. 30, 2011, Tayo Inc. had $3.3 million in total assets,
$0 liabilities, and stockholders' equity of $3.3 million.

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

           http://bankrupt.com/misc/tayoinc.doc1477.pdf

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

At Nov. 30, 2011, VVP Finance had $176.09 million in total
assets, $645,764 in total liabilities, and stockholders' equity of
$175.45 million.

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

         http://bankrupt.com/misc/vvpfinance.doc1479.pdf

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

At Nov. 30, 2011, VVP Funding had $3.05 million in total assets,
$0 liabilities, and stockholders' equity of $3.05 million.

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

         http://bankrupt.com/misc/vvpfunding.doc1480.pdf

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

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

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

         http://bankrupt.com/misc/vvpholdings.doc1481.pdf

                       About Vitro SAB

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

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

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

          Concurso Mercantil & Chapter 15 Proceedings

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

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

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

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

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

                      Chapter 11 Proceedings

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

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

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

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

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

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

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

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


                           *********

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

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

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

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

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

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

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

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

                           *********

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

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

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

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

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


                  *** End of Transmission ***