TCR_Public/120218.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, February 18, 2012, Vol. 16, No. 48

                            Headlines

ARCHBROOK LAGUNA: Files December 2011 Monthly Operating Report
ASCENDIA BRANDS: Ascendia Brands Co. Ends 2011 With $6,552 Cash
ASCENDIA BRANDS: Ends December 2011 With $1,000 Cash
BLITZ USA: Reports $980,745 Net Loss in December 2011
DELTA PETROLEUM: Files Initial Monthly Operating Report

EVANS OIL: Posts $53,045 Net Loss in December 2011
EVANS OIL: Long Run LLC Posts $1,514 Net Loss in December 2011
EVANS OIL: Octane LLC Posts $49,731 December 2011 Net Loss
EVANS OIL: RML LLC Files November & December Operating Reports
IRWIN MORTGAGE: Ends December 2011 With $5.19 Million Cash

MARCO POLO: Posts $95,290 Net Loss in December 2011
MONEY TREE: Files Monthly Operating Report for Dec. 17 - 31
SAND SPRING: Files Monthly Operating Report for November 2011
SAINT VINCENTS: Posts $4.0 Million Net Loss in December 2011
SOUTHWEST GEORGIA: Reports $13.9-Mil. Net Income in December 2011

TERRESTAR CORP: Ends December 2011 With $7.99-Mil. Cash
TERRESTAR NETWORKS: Ends December 2011 With $14.1-Mi. Cash





                            *********



ARCHBROOK LAGUNA: Files December 2011 Monthly Operating Report
--------------------------------------------------------------
ArchBrook Laguna Holding LLC, et al., filed on Jan. 17, 2012, a
monthly operating report for the month of December 2011.

The Disbursements Table for December 2011 showed these
disbursements:

      Debtor              Case No.        Total Disbursements
      ------              --------        -------------------
Distributor LLC        11-13293 (SCC)         $1,158,947

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

       http://bankrupt.com/misc/archbrooklaguna.doc389.pdf

                      About ArchBrook Laguna

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

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

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

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

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

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


ASCENDIA BRANDS: Ascendia Brands Co. Ends 2011 With $6,552 Cash
---------------------------------------------------------------
Ascendia Brands, Inc., filed for Ascendia Brands Co., Inc.,
monthly operating reports for November and December 2011.

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

                              November    December

    Cash, beginning            $5,209      $6,154
    Total receipts             $6,375      $9,751
    Total disbursements        $5,430      $9,354
    Net cash flow                $945        $398
    Cash, end of month         $6,154      $6,552

Payments for professional fees were $0 for both November and
December 2011.

                      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: Ends December 2011 With $1,000 Cash
----------------------------------------------------
Ascendia Brands, Inc., filed its monthly operating reports for
November and December 2011.

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

                              November    December

    Cash, beginning            $1,000      $1,000
    Total receipts             $3,750      $6,643
    Total disbursements        $3,750      $6,643
    Net cash flow                  $0          $0
    Cash, end of month         $1,000      $1,000

Professional fees paid in November and December 2011 were $0 and
$2,079, respectively.

                      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.


BLITZ USA: Reports $980,745 Net Loss in December 2011
-----------------------------------------------------
Blitz U.S.A., Inc., et al., reported a net loss of $980,475 on
$4.3 million of revenue for the month ended Dec. 31, 2011.
Restructuring fees incurred in the month totaled $675,000.

The Debtors' balance sheet at Dec. 31, 2011, showed $83.7 million
in total assets, $93.7 million in total liabilities, and a
stockholders' deficit of $10.0 million.

                         About Blitz USA

Blitz U.S.A. Inc., is a Miami, Oklahoma-based manufacturer of
plastic gasoline cans.  The company, controlled by Kinderhook
Capital Fund II LP, filed for bankruptcy protection to stanch a
hemorrhage resulting from 36 product-liability lawsuits.

Parent Blitz Acquisition Holdings, Inc., and its affiliates filed
for Chapter 11 protection (Bankr. D. Del. Case Nos. 11-13602 thru
11-13607) on Nov. 9, 2011.  The Hon. Peter J. Walsh presides over
the case.

Blitz USA disclosed $36,194,434 in assets and $41,428,577 in
liabilities in its schedules.

Daniel J. DeFranceschi, Esq., at Richards, Layton & Finger,
represents the Debtors in their restructuring efforts.  The
Debtors tapped Zolfo Cooper, LLC, as restructuring advisor; and
Kurtzman Carson Consultants LLC serves as notice and claims agent.
Lowenstein Sandler PC from Roseland, New Jersey, represents the
Official Committee of Unsecured Creditors.

The Chapter 11 case is financed with a $5 million secured loan
from Bank of Oklahoma.  Bank of Oklahoma, as DIP agent, is
represented by Samuel S. Ory, Esq., at Frederic Dorwart Lawyers in
Tulsa.


DELTA PETROLEUM: Files Initial Monthly Operating Report
-------------------------------------------------------
Delta Petroleum Corporation, et al., have filed an initial monthly
operating report with the U.S. Bankruptcy Court for the District
of Delaware.

The Debtors submitted cash flow projections for the 13 week
period: Jan. 14, 2012, through April 7, 2012.

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

                       About Delta Petroleum

Delta Petroleum Corporation (NASDAQ: DPTR) is an independent oil
and gas company engaged primarily in the exploration for, and the
acquisition, development, production, and sale of, natural gas and
crude oil.  Natural gas comprises over 90% of Delta's production
services.  The core area of its operations is the Rocky Mountain
Region of the United States, where the majority of the proved
reserves, production and long-term growth prospects are located.

Delta and seven of its subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. D. Del. Case Nos. 11-14006 to 11-14013,
inclusive) on Dec. 16, 2011, roughly six weeks before the Jan. 31,
2012 scheduled maturity of its $38.5 million secured credit
facility with Macquarie Bank Limited and after several months of
unsuccessful attempts to sell the business.  Delta disclosed
$375,498,248 in assets and $310,679,157 in liabilities, which also
include $152,187,500 in outstanding obligations on account of the
7% senior unsecured notes issued in March 2005 with US Bank
National Association indenture trustee; and $115,527,083 in
outstanding obligations on account of 3-3/4% Senior Convertible
Notes due 2037 issued in April 2007.

W. Peter Beardsley, Esq., Christopher Gartman, Esq., Kathryn A.
Coleman, Esq., and Ashley J. Laurie, Esq., at Hughes Hubbard &
Reed LLP, in New York, N.Y., represent the Debtors as counsel.
Derek C. Abbott, Esq., Ann C. Cordo, Esq., and Chad A. Fights,
Esq., at Morris, Nichols, Arsht & Tunnel LLP, in Wilmington, Del.,
represent the Debtors as co-counsel.  Conway Mackenzie is the
Debtors's restructuring advisor.  The Debtors selected Epiq
Bankruptcy Solutions, LLC as claims and noticing agent.  The
petition was signed by Carl E. Lakey, chief executive officer and
president.

Delta will hold an auction for the business on March 26, 2012.  No
buyer is under contract.  There is $57.5 million in financing for
the Chapter 11 effort.


EVANS OIL: Posts $53,045 Net Loss in December 2011
--------------------------------------------------
Evans Oil Company LLC reported a net loss of $53,045 on
$14.2 million of revenue for the month of December 2011.

At Dec. 31, 2011, the Debtor had $20.8 million in total assets,
$37.4 million in total liabilities, and an equity deficit of
$16.6 million.

Evans Oil Company LLC reported a net loss of $147,429 on
$14.4 million of revenue for the month of November 2011.

At Nov. 30, 2011, the Debtor had $21.3 million in total assets,
$37.8 million in total liabilities, and an equity deficit of
$16.6 million.

                        About Evans Oil

Naples, Florida-based Evans Oil Company LLC, aka Evans Oil Co LLC,
distributes bulk oil, gas, diesel and lubricant products.  Evans
Oil, together with affiliates, filed for Chapter 11 bankruptcy
protection (Bankr. M.D. Fla. Lead Case No. 11-01515) on Jan. 30,
2011.

Attorneys at Hahn Loeser & Parks LLP serve as bankruptcy counsel
to the Debtors.  Garden City Group Inc. is the claims and notice
agent.  The Parkland Group Inc. is the restructuring advisor.

Evans Oil estimated assets and debts at $10 million to $50 million
as of the Chapter 11 filing.


EVANS OIL: Long Run LLC Posts $1,514 Net Loss in December 2011
--------------------------------------------------------------
Long Run LLC reported a net loss of $1,514 on $0 revenue for the
month of December 2011.

At Dec. 31, 2011, the Debtor had $1.0 million in total assets,
$1.6 million in total liabilities, and an equity deficit of
$554,415.

Long Run LLC reported a net loss of $1,514 on $0 revenue for the
month of November 2011.

At Nov. 30, 2011, the Debtor had $1.0 million in total assets,
$1.6 million in total liabilities, and an equity deficit of
$552,901.

                        About Evans Oil

Naples, Florida-based Evans Oil Company LLC, aka Evans Oil Co LLC,
distributes bulk oil, gas, diesel and lubricant products.  Evans
Oil, together with affiliates, filed for Chapter 11 bankruptcy
protection (Bankr. M.D. Fla. Lead Case No. 11-01515) on Jan. 30,
2011.

Attorneys at Hahn Loeser & Parks LLP serve as bankruptcy counsel
to the Debtors.  Garden City Group Inc. is the claims and notice
agent.  The Parkland Group Inc. is the restructuring advisor.

Evans Oil estimated assets and debts at $10 million to $50 million
as of the Chapter 11 filing.


EVANS OIL: Octane LLC Posts $49,731 December 2011 Net Loss
----------------------------------------------------------
Octane LLC reported a net loss of $49,731 on $0 revenue for the
month of December 2011.

At Dec. 31, 2011, the Debtor had $3.1 million in total assets,
$3.8 million in total liabilities, and an equity deficit of
$775,400.

Octane LLC reported a net loss of $49,731 on $0 revenue for the
month of November 2011.

At Nov. 30, 2011, the Debtor had $3.0 million in total assets,
$3.7 million in total liabilities, and an equity deficit of
$725,669.

                        About Evans Oil

Naples, Florida-based Evans Oil Company LLC, aka Evans Oil Co LLC,
distributes bulk oil, gas, diesel and lubricant products.  Evans
Oil, together with affiliates, filed for Chapter 11 bankruptcy
protection (Bankr. M.D. Fla. Lead Case No. 11-01515) on Jan. 30,
2011.

Attorneys at Hahn Loeser & Parks LLP serve as bankruptcy counsel
to the Debtors.  Garden City Group Inc. is the claims and notice
agent.  The Parkland Group Inc. is the restructuring advisor.

Evans Oil estimated assets and debts at $10 million to $50 million
as of the Chapter 11 filing.


EVANS OIL: RML LLC Files November & December Operating Reports
--------------------------------------------------------------
RML LLC reported $0 net profit on lease income of $87,318 for the
month of December 2011.

At Dec. 31, 2011, the Debtor had $3.3 million in total assets,
$1.2 million in total liabilities, and total equity of
$2.1 million.

RML LLC reported $0 net profit on lease income of $64,577 for the
month of November 2011.

At Nov. 30, 2011, the Debtor had $3.4 million in total assets,
$1.3 million in total liabilities, and total equity of
$2.1 million.

                        About Evans Oil

Naples, Florida-based Evans Oil Company LLC, aka Evans Oil Co LLC,
distributes bulk oil, gas, diesel and lubricant products.  Evans
Oil, together with affiliates, filed for Chapter 11 bankruptcy
protection (Bankr. M.D. Fla. Lead Case No. 11-01515) on Jan. 30,
2011.

Attorneys at Hahn Loeser & Parks LLP serve as bankruptcy counsel
to the Debtors.  Garden City Group Inc. is the claims and notice
agent.  The Parkland Group Inc. is the restructuring advisor.

Evans Oil estimated assets and debts at $10 million to $50 million
as of the Chapter 11 filing.


IRWIN MORTGAGE: Ends December 2011 With $5.19 Million Cash
----------------------------------------------------------
Irwin Mortgage Corporation filed on Jan. 20, 2012, 2011, its
monthly operating report for December 2011.

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

    Beginning Cash                  $5,339,486
    Receipts                          $163,905
    Disbursements                     $305,326
    Net Receipts (Disbursement)       $141,421
    Ending Cash                     $5,198,065

                      About Irwin Mortgage

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

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

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


MARCO POLO: Posts $95,290 Net Loss in December 2011
---------------------------------------------------
Marco Polo Seatrade B.V., et al., reported a net loss of $95,290
on $1.4 million of net freight income for December 2011.

At Dec. 31, 2011, the Debtors had $275.1 million in total assets,
$314.7 million in total liabilities, and stockholders' deficit of
$39.6 million.  The Debtors ended the period with $21,778,212,
which includes $673,725 in restricted cash and equivalents.

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

          http://bankrupt.com/misc/marcopolo.doc334.pdf

                          About Marco Polo

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

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

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

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

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

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

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

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

Gregory M. Petrick, Esq., Ingrid Bagby, Esq., and Sharon J.
Richardson, Esq., at Cadwalader, Wickersham & Taft LLP, in New
York, represents secured creditor and post-petition lender The
Royal bank of Scotland plc.


MONEY TREE: Files Monthly Operating Report for Dec. 17 - 31
-----------------------------------------------------------
The Money Tree of Louisiana, Inc., reported a net loss of $9,682
on $27,150 of total income for the reporting period Dec. 17, 2011,
to Dec. 31, 2011.  The Debtor ended the period with $236,362 cash,
compared to $222,816 at the beginning of the period.

The Money Tree of Louisiana, Inc.'s balance sheet at Dec. 31,
2011, showed $1.8 million in total assets, $13.1 million in total
liabilities, and a stockholders' deficit of $11.3 million.

A copy of the The Money Tree of Louisiana's monthly operating
report is available for free at:

  http://bankrupt.com/misc/moneytreeoflouisiana.dec17-31mor.pdf

The Money Tree Inc.'s balance sheet at Dec. 31, 2011, showed
$75.3 million in total assets, $73.1 million in total liabilities,
and a stockholders' deficit of $2.2 million.

The Money Tree Inc. ended Dec. 31, 2011, with $4,022 cash,
compared to $55,716 at Dec. 16, 2011.  Cash income for the period
was $28,928 and cash expenses for the period was $80,622, for a
cash loss of $51,694 for the period.

A copy of The Money Tree Inc.'s operating report is available for
free at http://bankrupt.com/misc/moneytree.dec17-31mor.pdf

Small Loans, Inc., reported a net loss of $8,818 on total income
of $38,200 for the reporting period Dec. 17, 2011, to Dec. 31,
2011.  The Debtor ended the period with $240,817 in cash and cash
equivalents, compared to $199,291 at the beginning of the period.

Balance Sheet information was not provided.

A copy of Small Loans' operating report is available for free at:

       http://bankrupt.com/misc/smallloans.dec17-31mor.pdf

The Money Tree of Florida, Inc., reported a net loss of $6,237 on
$10,700 of total income for the reporting period Dec. 17, 2011, to
Dec. 31, 2011.

The Debtor ended the period with $88,746 cash, compared to $68,022
at the beginning of the period.

The Money Tree of Florida, Inc.'s balance sheet at Dec. 31, 2011,
showed $1.1 million in total assets, $3.6 million in total
liabilities, and a stockholders' deficit of $2.5 million.

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

   http://bankrupt.com/misc/moneytreeofflorida.dec17-31mor.pdf

The Money Tree of Georgia, Inc., reported a net loss of $5,492 on
$119,250 of total income for the reporting period Dec. 17, 2011,
to Dec. 31, 2011.

The Debtor ended the period with $3,352,328 cash, compared to
$3,384,423 at the beginning of the period.

The Money Tree of Georgia, Inc.'s balance sheet at Dec. 31, 2011,
showed $11.3 million in total assets, $64.0 million in total
liabilities, and a stockholders' deficit of $52.7 million.

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

   http://bankrupt.com/misc/moneytreeofgeorgia.dec17-31mor.pdf

                           About Money Tree

Bainbridge, Georgia-based The Money Tree Inc. --
http://www.moneytreeinc.com/-- operates a network of lending
branches across the Southeast, concentrated in Georgia, Florida
and Alabama.  The Company and four affiliates filed for Chapter 11
bankruptcy (Bankr. M.D. Ala. Case Nos. 11-12254 thru 11-12258) on
Dec. 16, 2011.  The other debtor-affiliates are Small Loans, Inc.,
The Money Tree of Louisiana, Inc., The Money Tree of Florida Inc.,
and The Money Tree of Georgia of Georgia Inc.  Judge William R.
Sawyer oversees the case, replacing Judge Dwight H. Williams, Jr.
Max A. Moseley, Esq., at Baker Donelson Bearman Caldwell & Berkow,
P.C., serves as the Debtors' counsel.  The Debtors hired Warren,
Averett, Kimbrough & Marino, LLC, as restructuring advisors.

Money Tree's consolidated balance sheet reported $34,859,189 in
assets, $92,655,010 in liabilities, and $57,795,821 in total
stockholders' deficit.  The petitions were signed by Biladley D.
Bellville, president.

The Company's subsidiary, Best Buy Autos of Bainbridge Inc., is
not a party to the bankruptcy filing and intends to operate its
business in the ordinary course.


SAND SPRING: Files Monthly Operating Report for November 2011
-------------------------------------------------------------
Sand Spring Capital III, LLC, filed on Jan. 9, 2012, a monthly
operating report for the filing period Nov. 1, 2011, through
Nov. 30, 2011, with the U.S. Bankruptcy Court for the District of
Delaware.

The Debtors submitted schedules of:

     Exhibit 1 - Cash Receipts and Disbursement Budgets
     Exhibit 2 - Account Balances
     Exhibit 3 - Certification
     Exhibit 4 - November Monthly Trial Balance
     Exhibit 5 - Summary of Unpaid Postpetition Debts
     Exhibit 6 - Accounts Reconciliation and Aging

Copies of the Exhibits are available for free at:

  http://bankrupt.com/misc/sandspring.cashbudgets.pdf
  http://bankrupt.com/misc/sandspring.bankaccountbalances.pdf
  http://bankrupt.com/misc/sandspring.certifications.pdf
  http://bankrupt.com/misc/sandspring.novembertrialbalances.pdf
  http://bankrupt.com/misc/unpaidpostpetitiondebts.pdf
  http://bankrupt.com/misc/sandspring.accountsreconciliation.pdf

                   About Sand Spring Capital III

Sand Spring Capital III, LLC, filed a Chapter 11 petition
(Bankr. D. Del. Case No. 11-13393) on Oct. 25, 2011 in Delaware.
Affiliates, Sand Spring Capital III, LLC, CA Core Fixed Income
Fund, LLC, CA Core Fixed Income Offshore Fund, Ltd., CA High Yield
Fund, LLC, CA High Yield Offshore Fund, Ltd., CA Strategic Equity
Fund, LLC, CA Strategic Equity Offshore Fund, Ltd., Sand Spring
Capital III, Ltd., Sand Spring Capital III Master Fund, LLC,
sought Chapter 11 protection on the same day.

Sand Spring Capital III LLC disclosed $4,882,373 in assets and
$4,140 in liabilities.  CA Core Fixed Income Fund LLC disclosed
$36,176,682 in assets and $48,244 in liabilities.  CA Core Fixed
Income Offshore Fund Ltd. listed $6,900,726 in assets and $10,393
in liabilities.  CA High Yield Fund LLC disclosed $5,626,644 in
assets and $11,568 in liabilities.  CA High Yield Offshore Fund,
Ltd. listed $10,840,032 in assets and $22,785 in liabilities.  CA
Strategic Equity Fund LLC scheduled $2,013,461 in assets and $0
debt.  CA Strategic Equity Offshore Fund Ltd. disclosed $2,285,492
in assets and $0 debts.  Sand Spring Capital III Ltd. disclosed
$2,214,099 in assets and $1,820 in debts.  Sand Spring Capital III
Master Fund LLC listed $7,096,473 in assets and $0 in debts.


SAINT VINCENTS: Posts $4.0 Million Net Loss in December 2011
------------------------------------------------------------
Saint Vincents Catholic Medical Centers of New York, et al.,
reported a decrease in net assets of $4.0 million on $12.3 million
of operating revenue for November 2011.

At Nov. 30, 2011, the Debtors' balance sheet showed $131.0 million
in total assets, $660.6 million in total liabilities, and a net
asset deficit of $529.6 million.

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

        http://bankrupt.com/misc/saintvincents.doc2312.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.


SOUTHWEST GEORGIA: Reports $13.9-Mil. Net Income in December 2011
-----------------------------------------------------------------
Southwest Georgia Ethanol LLC reported net income of $13.9 million
on $29.5 million of revenues for the month ending Dec. 31, 2011.
EBITDA was $14.95 million for the month.  Professional fees
incurred in the month totaled $2.2 million.

Professional fees paid in the month totaled $1.4 million.

The Debtor's balance sheet at Dec. 31, 2011, showed $129.5 million
in total assets, $24.5 million in total liabilities, and total
equity of $105.0 million.

                 About Southwest Georgia Ethanol

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

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

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

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

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

On Dec. 9, 2011, the Bankruptcy Court confirmed Southwest Georgia
Ethanol's First Amended and Restated Plan of Reorganization.  The
Court also approved the appointment of Christopher Tierney of Hays
Financial Consulting, LLC, by the Official Committee of Unsecured
Creditors to serve as Litigation trustee.

The Plan calls for lenders owed $107.6 million to receive $105
million in preferred stock plus 25% of the common stock.  The
disclosure statement estimates the lenders' recovery at 97.5%.
Unsecured creditors with $2.1 million in claims and bondholders
owed $8.7 million are to receive proceeds from a litigation trust
and are expected to see a recovery of 3%.  The Disclosure
Statement provided that if lower classes accept the Plan, the
lenders will waive their deficiency claims.

As reported in the TCR on Jan. 5, 2012, Southwest Georgia Ethanol
completed its Chapter 11 bankruptcy on Dec. 31, 2011, and will
start the new year with full production levels.


TERRESTAR CORP: Ends December 2011 With $7.99-Mil. Cash
-------------------------------------------------------
TerreStar Corporation, et al., reported a net loss of $1.2 million
on $2.0 million of revenues for the filing period ended
Dec. 31, 2011.

The Debtor reported a net loss of $562,847 on $2.0 million of
revenues for the month ended Nov. 30, 2011.

The Debtor reported a net loss of $8.1 million on $2.0 million of
revenues for the month ended Oct. 31, 2011.

The TSC Debtors are: TerreStar Corporation, TerreStar Holdings
Inc., TerreStar New York Inc., Motient Communications Inc.,
Motient Holdings Inc., Motient License Inc., Motient Services
Inc., Motient Ventures Holding Inc., and MVH Holdings Inc.

The TSC Debtors' balance sheet at Dec. 31, 2011, showed
$640.0 million in total assets, $512.7 million in total
liabilities, and stockholders' equity of $127.3 million.

The TSC Debtors ended Dec. 31, 2011 with $7.99 million in cash and
cash equivalents, compared to $7.07 million at the beginning of
the period.

                     About TerreStar Networks

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

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

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

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

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

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

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

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

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

TerreStar Networks sold its business to Dish Network Corp. for
$1.38 billion.  It canceled a June 2011 auction because there were
no competing bids submitted by the deadline.

TerreStar Networks previously filed a reorganization plan that
called for secured noteholders to swap more than $850 million in
debt for nearly all the equity in reorganized TerreStar.  Junior
creditors, however, would see little recovery under that plan
while existing equity holders would be wiped out.  TerreStar
Networks scrapped that plan in 2011 in favor of the auction.

In November 2011, TerreStar Networks filed a liquidating Chapter
11 plan after striking a settlement with creditors.  The
creditors' committee initiated lawsuits in July to enhance the
recovery by unsecured creditors.


TERRESTAR NETWORKS: Ends December 2011 With $14.1-Mi. Cash
----------------------------------------------------------
TerreStar Networks Inc., et al., reported a net loss of
$40.8 million on $140,137 of revenues in December 2011.

The TSN Debtors are: TerreStar Networks Inc., TerreStar License
Inc., TerreStar National Services Inc., TerreStar Networks
Holdings (Canada) Inc., TerreStar Networks (Canada) Inc., and
0887729 B.C. Ltd.

The TSN Debtors' balance sheet at Dec. 31, 2011, showed
$1.057 billion in total assets, $1.738 billion in total
liabilities, and a stockholders' deficit of $680.8 million.

The Debtors ended the period with $14.1 million in cash and cash
equivalents, compared to $139.3 million at the beginning of the
period.

                     About TerreStar Networks

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

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

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

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

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

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

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

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

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

TerreStar Networks sold its business to Dish Network Corp. for
$1.38 billion.  It canceled a June 2011 auction because there were
no competing bids submitted by the deadline.

TerreStar Networks previously filed a reorganization plan that
called for secured noteholders to swap more than $850 million in
debt for nearly all the equity in reorganized TerreStar.  Junior
creditors, however, would see little recovery under that plan
while existing equity holders would be wiped out.  TerreStar
Networks scrapped that plan in 2011 in favor of the auction.

In November 2011, TerreStar Networks filed a liquidating Chapter
11 plan after striking a settlement with creditors.  The
creditors' committee initiated lawsuits in July to enhance the
recovery by unsecured creditors.


                          *********

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 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
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 Peter Chapman
at 240/629-3300.

                  *** End of Transmission ***