TCR_Public/120324.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, March 24, 2012, Vol. 16, No. 83

                            Headlines

AMERICANWEST BANCORP: Ends Feb. With $5.53 Million in Cash
CAGLE'S, INC.: Posts Net Loss of $868,000 for January 2012
DYNEGY HOLDINGS: Ends Jan. 2012 With $32.32 Million in Cash
MF GLOBAL: Reports Net Cash Flow of $2.19 Million in Feb. 2012
PFF BANCORP: Post $472,586 Net Loss in January 2012





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AMERICANWEST BANCORP: Ends Feb. With $5.53 Million in Cash
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AmericanWest Bancorporation reported a net loss of $7.81 million
for the month ended Feb. 29, 2012.

The Company's balance sheet as of Feb. 29, 2012, showed total
assets of $6.96 million, total liabilities of $47.41 million,
resulting in an owners' deficit of $40.45 million.

The Company ended the month of February with total cash of $5.53
million, compared to total cash of $5.54 million at the end of
January.

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

            http://bankrupt.com/misc/americanwest.pdf


                 About AmericanWest Bancorporation

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

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

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

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

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


CAGLE'S, INC.: Posts Net Loss of $868,000 for January 2012
----------------------------------------------------------
Cagle's, Inc., reported a net loss of $868,000 for the period
from Jan. 1, 2012 to Jan. 28, 2012.

As of Jan. 28, 2012, the company had total assets of $79,823,000,
total liabilities of $74,336,000 and total stockholders' equity
of $5,487,000.

As of Jan. 1, 2012, Cagle's had $2,965,000 in funds.  The company
had total cash receipts of $80,847,000 and total cash
disbursements of $81,567,000.  As a result, as of Jan. 28, 2012,
Cagle's had total cash of $1,745,000.

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

               http://bankrupt.com/misc/cagle.pdf

                          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.

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 and Lowenstein Sandler as counsel.
J.H. Cohn LLP serves as its financial advisors.

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


DYNEGY HOLDINGS: Ends Jan. 2012 With $32.32 Million in Cash
-----------------------------------------------------------
Dynegy Holdings LLC reported net income of $24.66 million for the
month ended Jan. 31, 2012.  Since the petition date, the Company
reported cumulative net losses of $1.01 billion.

As of Jan. 31, 2012, Dynegy Holdings LLC had total assets of $6.66
billion, total liabilities of $6.60 billion, and total
shareholder's equity of $62.37 million.

At the beginning of the month, the company had $32.46 in cash.
Dynegy had total cash receipts of $9.31 million and total cash
disbursements of $9.45 million during January 2012.  As a result,
the company had total cash of $32.32 million at the end of the
month.

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

                http://bankrupt.com/misc/dynegy.pdf

                          About Dynegy Inc.

Through its subsidiaries, Houston, Texas-based Dynegy Inc. (NYSE:
DYN) -- http://www.dynegy.com/-- produces and sells electric
energy, capacity and ancillary services in key U.S. markets.  The
power generation portfolio consists of approximately 12,200
megawatts of baseload, intermediate and peaking power plants
fueled by a mix of natural gas, coal and fuel oil.

In August, Dynegy implemented an internal restructuring that
created two units, one owning eight primarily natural gas-fired
power generation facilities and another owning six coal-fired
plants.

Dynegy missed a $43.8 million interest payment Nov. 1, 2011, and
said it was discussing options for managing its debt load with
certain bondholders.

Dynegy Holdings LLC and four other affiliates of Dynegy Inc.
sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Lead Case
No. 11-38111) Nov. 7 to implement an agreement with a group of
investors holding more than $1.4 billion of senior notes issued by
Dynegy's direct wholly-owned subsidiary, Dynegy Holdings,
regarding a framework for the consensual restructuring
of more than $4.0 billion of obligations owed by DH.  If this
restructuring support agreement is successfully implemented, it
will significantly reduce the amount of debt on the Company's
consolidated balance sheet.

Dynegy Holdings disclosed assets of $13.77 billion and debt of
$6.18 billion, while Roseton LLC and Dynegy Danskammer LLC each
estimated $100 million to $500 million in assets and debt.

Dynegy Holdings and its affiliated debtor-entities are represented
in the Chapter 11 proceedings by Sidley Austin LLP as their
reorganization counsel.  Dynegy and its other subsidiaries are
represented by White & Case LLP, who is also special counsel to
the Debtor Entities with respect to the Roseton and Danskammer
lease rejection issues.

Dynegy was advised by Lazard Freres & Co. LLC and the Debtor
Entities' financial advisor is FTI Consulting.

The Official Committee of Unsecured Creditors has tapped Akin Gump
Strauss Hauer & Feld LLP as counsel nunc pro tunc to November 16,
2011.

Bankruptcy Creditors' Service, Inc., publishes DYNEGY BANKRUPTCY
NEWS.  The newsletter tracks the Chapter 11 proceeding undertaken
by affiliates of Dynegy Inc. (http://bankrupt.com/newsstand/or
215/945-7000)


MF GLOBAL: Reports Net Cash Flow of $2.19 Million in Feb. 2012
--------------------------------------------------------------
MF Global Holdings Ltd. reported consolidated net cash flows of
$2.19 million for the month ended Feb. 29, 2012.  The company
reported total cash inflows of $3.32 million and total cash
outflows of $1.13 million.

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

              http://bankrupt.com/misc/MFglobal.pdf

                      About MF Global

New York-based MF Global (NYSE: MF) -- http://www.mfglobal.com/--
is one of the world's leading brokers of commodities and listed
derivatives.  MF Global provides access to more than 70 exchanges
around the world.  The firm is also one of 22 primary dealers
authorized to trade U.S. government securities with the Federal
Reserve Bank of New York.  MF Global's roots go back nearly 230
years to a sugar brokerage on the banks of the Thames River in
London.

MF Global Holdings Ltd. and MF Global Finance USA Inc. filed
voluntary Chapter 11 petitions (Bankr. S.D.N.Y. Case Nos. 11-15059
and 11-5058) on Oct. 31, 2011, after a planned sale to Interactive
Brokers Group collapsed.  As of Sept. 30, 2011, MF Global had
$41,046,594,000 in total assets and $39,683,915,000 in total
liabilities.  It is easily the largest bankruptcy filing so far
this year.

Judge Honorable Martin Glenn presides over the Chapter 11 case.
J. Gregory Milmoe, Esq., Kenneth S. Ziman, Esq., and J. Eric
Ivester, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, serve
as bankruptcy counsel.  The Garden City Group, Inc., serves as
claims and noticing agent.  The petition was signed by Bradley I.
Abelow, Executive Vice President and Chief Executive Officer of MF
Global Finance USA Inc.

The Securities Investor Protection Corporation commenced
liquidation proceedings against MF Global Inc. to protect
customers.  James W. Giddens was appointed as trustee pursuant to
the Securities Investor Protection Act.  He is a partner at Hughes
Hubbard & Reed LLP in New York.

Jon Corzine, the former New Jersey governor and co-CEO of
Goldman Sachs Group Inc., stepped down as chairman and chief
executive officer of MF Global just days after the bankruptcy
filing.

U.S. regulators are investigating about $633 million missing from
MF Global customer accounts, a person briefed on the matter said
Nov. 3, according to Bloomberg News.

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


PFF BANCORP: Post $472,586 Net Loss in January 2012
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PFF Bancorp, Inc., reported a net loss of $472,586 for the month
ended Jan. 31, 2012.  Since the petition date, the company
reported a net loss of $148.13 million on revenues of
$0.22 million.

As of Jan. 31, 2012, the company had total assets of
$55.05 million, total liabilities of $160.53 million and total
stockholders' deficit of $105.48 million.

At the beginning of the month, the company had $93,072 in cash.
PFF Bancorp had total cash receipts of $1,088 and total cash
disbursements of $876 during January 2012.  As a result, at the
end of January 2012, PFF Bancorp had total cash of $93,284.

A full-text copy of the monthly operating report is available at:

             http://bankrupt.com/misc/PFFbancorp_janmor.pdf

                        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
(Bankr. D. Del. Case No. 08-13127 to 08-13131) on Dec. 5, 2008.
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.


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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.
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Each Tuesday edition of the TCR contains a list of companies with
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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.

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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.

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