TCR_Public/120908.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, September 8, 2012, Vol. 16, No. 250

                            Headlines

ALLIED SYSTEMS: Ends June 30 With $6.12 Million in Cash
AMERICAN AIRLINES: Has $135 Million Net Income
CONNAUGHT GROUP: Ends May 31 With $18.64 Million in Cash
CONTRACT RESEARCH: Ends June 30 With $7.47 Million in Cash
EASTMAN KODAK: Ends July 31 With $438.17 Million in Cash

ENERGY CONVERSION: Ends July With $742,723 in Cash
ENERGY CONVERSION: United Solar Has $10.91 million Cash in July
EVANS OIL: Ends June 30 With $1.07 Million in Cash
EVANS OIL: Ends May 31 With $254,058 in Cash
EASTMAN KODAK: Incurs Net Loss of $78.8 Million in July

EXTERRA ENERGY: Ends July 31 With $167,761 in Cash
FIRSTFED FINANCIAL: Ends July With $1.94 Million in Cash
GETTY PETROLEUM: Ends July 31 With $4 Million in Cash
LEHMAN BROTHERS: Has $23.25 Billion Cash at July 31
MSR RESORT: Reports $11.6 Million Net Loss in July

PATRIOT COAL: Ends July 31 With $250.91 Million in Cash
PINNACLE AIRLINES: Ends July With $49.12 Million in Cash
PMI GROUP: Ends June 30 With $161.26 Million in Cash
PRINCE SPORTS: Ends June 30 With $1.81 Million in Cash
PURE BEAUTY: Ends June 30 With $0 in Cash and $29.27 in Debt

RCR PLUMBING: Ends June 30 With $2.98 Million in Cash
RESIDENTIAL CAPITAL: Files Operating Report for July
RG STEEL: Increases Cash Balance to $520-K in June
SAAB CARS: Ends June 30 With $9.35 Million in Cash
SP NEWSPRINT: Ends June 30 With $14.61 Million in Cash

SPECIALTY PRODUCTS: Ends June 30 With $21.53 Million in Cash
TRIBUNE CO: Has $97.5-Million Net Loss in July
TRIDENT MICROSYSTEMS: Ends June 30 With $271,006 in Cash
UNITED RETAIL: Ends July With $1 Million in Cash
VELO HOLDINGS: Ends June With $33.36 Million in Cash

WAVE2WAVE COMMS: Ends June 30 With $228,277 in Cash





                            *********


ALLIED SYSTEMS: Ends June 30 With $6.12 Million in Cash
-------------------------------------------------------
Allied Systems Holdings, Inc., et al., on Aug. 6, 2012, filed its
monthly operating report for the period from June 10 to June 30,
2012.

The Company posted a net loss of $993,681 for the period ended
June 30, 2012.

As of June 30, 2012, the Company had total assets of
$243.47 million, total liabilities of $405.80 million and total
stockholders' deficit of $162.33 million.

The Company ended June 30 with $6.12 million in cash and cash
equivalents.

                        About Allied Systems

BDCM Opportunity Fund II, LP, Spectrum Investment Partners LP, and
Black Diamond CLO 2005-1 Adviser L.L.C., filed involuntary
petitions for Allied Systems Holdings Inc. and Allied Systems Ltd.
(Bankr. D. Del. Case Nos. 12-11564 and 12-11565) on May 17, 2012.
The signatories of the involuntary petitions assert claims of at
least $52.8 million for loan defaults by the two companies.

Allied Systems, through its subsidiaries, provides logistics,
distribution, and transportation services for the automotive
industry in North America.

Allied Holdings Inc. previously filed for chapter 11 protection
(Bankr. N.D. Ga. Case Nos. 05-12515 through 05-12537) on July 31,
2005.  Jeffrey W. Kelley, Esq., at Troutman Sanders, LLP,
represented the Debtors in the 2005 case.  Allied won confirmation
of a reorganization plan and emerged from bankruptcy in May 2007
with $265 million in first-lien debt and $50 million in second-
lien debt.

The petitioning creditors said Allied has defaulted on payments of
$57.4 million on the first lien debt and $9.6 million on the
second.  They hold $47.9 million, or about 20% of the first-lien
debt, and about $5 million, or 17%, of the second-lien obligation.
They are represented by Adam G. Landis, Esq., and Kerri K.
Mumford, Esq., at Landis Rath & Cobb LLP; and Adam C. Harris,
Esq., and Robert J. Ward, Esq., at Schulte Roth & Zabel LLP.

Allied Systems Holdings Inc. formally put itself and 18
subsidiaries into bankruptcy reorganization June 10, 2012,
following the filing of the involuntary Chapter 11 petition.

The Company is being advised by the law firms of Troutman Sanders,
Gowling Lafleur Henderson, and Richards Layton & Finger.

The bankruptcy court process does not include captive insurance
company Haul Insurance Limited or any of the Company's Mexican or
Bermudan subsidiaries.  The Company also announced that it intends
to seek foreign recognition of its Chapter 11 cases in Canada.

An official committee of unsecured creditors has been appointed in
the Chapter 11 cases of Allied Systems Holdings Inc. and Allied
Systems Ltd.  The Committee

An official committee of unsecured creditors has been appointed in
the case.  The Committee consists of Pension Benefit Guaranty
Corporation, Central States Pension Fund, Teamsters National
Automobile Transporters Industry Negotiating Committee, and
General Motors LLC.  The Committee is represented by Sidley Austin
LLP.


AMERICAN AIRLINES: Has $135 Million Net Income
----------------------------------------------

                     AMR Corporation, et al.
               Condensed Consolidated Balance Sheet
                       As of July 31, 2012

ASSETS
Current Assets
Cash                                              $444,000,000
Short-term investments                           4,393,000,000
Restricted cash and short-term investments         848,000,000
Receivables, net                                 1,101,000,000
Inventories, net                                   592,000,000
Fuel derivative contracts                           48,000,000
Other current assets                               404,000,000
                                             ------------------
                                                  7,830,000,000
Equipment and property
Flight equipment, net                           10,591,000,000
Other equipment and property, net                2,074,000,000
Purchase deposits for flight equipment             748,000,000
                                             ------------------
                                                 13,413,000,000

Equipment and property under capital leases
Flight equipment, net                              243,000,000
Other equipment and property, net                   65,000,000
                                             ------------------
                                                    308,000,000

International slots and route authorities           708,000,000
Domestic slots and airport operating and gate
lease rights, less accumulated amortization,
net                                                171,000,000
Other assets                                      2,106,000,000
                                             ------------------
TOTAL ASSETS                                    $24,536,000,000
                                             ==================

Liabilities and stockholders' equity (deficit)
Current liabilities
Accounts payable                                $1,398,000,000
Accrued liabilities                              1,894,000,000
Air traffic liability                            4,837,000,000
Current maturities of long-term debt             1,613,000,000
Current obligations under capital leases            45,000,000
                                             ------------------
Total current liabilities                        9,787,000,000

Long-term debt, less current maturities          6,229,000,000
Obligations under capital leases, less
  current obligations                               398,000,000
Pension and postretirement benefits                 77,000,000
Other liabilities, deferred gains and
  deferred credits                                1,676,000,000

Liabilities subject to compromise                15,138,000,000

Stockholders' Equity (deficit)
Preferred stock                                              -
Common stock                                       341,000,000
Additional paid-in capital                       4,475,000,000
Treasury stock                                    (367,000,000)
Accumulated other comprehensive income (loss)   (3,866,000,000)
Accumulated deficit                             (9,352,000,000)
                                             ------------------
                                                 (8,769,000,000)
                                             ------------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY      $24,536,000,000
                                             ==================


                     AMR Corporation, et al.
               Consolidated Statement of Operations
                    Month Ended July 31, 2012

Revenues
Passenger - American Airlines                   $1,810,000,000
           - Regional Affiliates                    261,000,000
Cargo                                               52,000,000
Other revenues                                     207,000,000
                                             ------------------
  Total operating revenues                        2,330,000,000

Expenses
Aircraft fuel                                      723,000,000
Wages, salaries and benefits                       597,000,000
Other rentals and landing fees                     110,000,000
Maintenance, materials and repairs                 120,000,000
Depreciation and amortization                       87,000,000
Commissions, booking fees and credit card expense  106,000,000
Aircraft rentals                                    46,000,000
Food service                                        50,000,000
Other operating expenses                           251,000,000
                                             ------------------
                                                  2,090,000,000
                                             ------------------
Operating income                                    240,000,000

Other income (expense)
Interest income                                      3,000,000
Interest expense                                   (55,000,000)
Interest capitalized                                 4,000,000
Miscellaneous - net                                 (3,000,000)
                                             ------------------
                                                    (51,000,000)
                                             ------------------
Income before reorganization items                  189,000,000

Reorganization items, net                           (54,000,000)
                                             ------------------
Income before income taxes                          135,000,000
Income tax                                                    -
                                             ------------------
Net income                                         $135,000,000
                                             ==================

                     AMR Corporation, et al.
          Condensed Consolidated Statement of Cash Flows
                    Month Ended July 31, 2012

Net cash provided by (used for) Operating
Activities                                         $59,000,000

Cash flow from investing activities:
Capital expenditures, including aircraft
  lease deposits                                   (118,000,000)
Net (increase) decrease in short-term investments  140,000,000
                                             ------------------
Net cash used for investing activities              22,000,000

Cash flow from financing activities:
Payments on long-term debt and capital
  lease obligations                                 (89,000,000)
Proceeds from:
Sale leaseback transactions                         81,000,000
                                             ------------------
                                                     (8,000,000)
                                             ------------------
Net increase (decrease) in cash                      73,000,000
Cash at beginning of period                         371,000,000
                                             ------------------
Cash at end of period                              $444,000,000
                                             ==================

Disbursements to Chapter 11 professionals during the operating
period totaled $13.994 million, which included $13.226 million
paid to professionals employed by the Debtors and $768,000 paid
to professionals retained by the Official Committee of Unsecured
Creditors.

Payment to professionals included:

   Professional                                Amount Paid
   ------------                                -----------
   Weil, Gotshal & Manges LLP                  $3.424 million
   Paul Hastings LLP                           $3.98 million
   Debevoise & Plimpton LLP                    $1.616 million
   The Boston Consulting Group Inc.            $1.319 million

A full-text copy of the July 2012 Monthly Operating Report is
available at http://bankrupt.com/misc/AMR_July2012MOR.pdf

                      About American Airlines

AMR Corp. and its subsidiaries including American Airlines, the
third largest airline in the United States, filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 11-15463) in Manhattan
on Nov. 29, 2011, after failing to secure cost-cutting labor
agreements.

AMR, previously the world's largest airline prior to mergers by
other airlines, is the last of the so-called U.S. legacy airlines
to seek court protection from creditors.

American Airlines, American Eagle and the AmericanConnection
carrier serve 260 airports in more than 50 countries and
territories with, on average, more than 3,300 daily flights.  The
combined network fleet numbers more than 900 aircraft.

The Company reported a net loss of $884 million on $18.02 billion
of total operating revenues for the nine months ended Sept. 30,
2011.  AMR recorded a net loss of $471 million in the year 2010, a
net loss of $1.5 billion in 2009, and a net loss of $2.1 billion
in 2008.

AMR's balance sheet at Sept. 30, 2011, showed $24.72 billion
in total assets, $29.55 billion in total liabilities, and a
$4.83 billion stockholders' deficit.

Weil, Gotshal & Manges LLP serves as bankruptcy counsel to the
Debtors.  Paul Hastings LLP and Debevoise & Plimpton LLP Groom Law
Group, Chartered, are on board as special counsel.  Rothschild
Inc., is the financial advisor.   Garden City Group Inc. is the
claims and notice agent.

Jack Butler, Esq., John Lyons, Esq., Felecia Perlman, Esq., and
Jay Goffman, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP
serve as counsel to the Official Committee of Unsecured Creditors
in AMR's chapter 11 proceedings.  Togut, Segal & Segal LLP is the
co-counsel for conflicts and other matters; Moelis & Company LLC
is the investment banker, and Mesirow Financial Consulting, LLC,
is the financial advisor.

Bankruptcy Creditors' Service, Inc., publishes AMERICAN AIRLINES
BANKRUPTCY NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by AMR Corp. and its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000).


CONNAUGHT GROUP: Ends May 31 With $18.64 Million in Cash
--------------------------------------------------------
The Connaught Group Ltd., et al., on July 20, 2012, filed its
monthly operating report for the month ended May 31, 2012.

Connaught Group reported a net loss of $1.22 million for the month
ended May 31, 2012.

As of May 31, 2012, the Debtor had total assets of $21.16 million,
total liabilities of $21.27 million and total stockholders'
deficit of $115,289.

At the beginning of the month, Connaught Group had $19.34 million
in cash.  The Debtor had total cash disbursements of $8.05
million.  As of May 31, 2012, Connaught Group had total cash of
$18.64 million.

                     About Connaught Group

The Connaught Group, Ltd. and four of its affiliates, Limited
Editions for Her of Nevada LLC; Limited Editions for Her of
Branson LLC; Limited Editions for Her LLC; and WDR Retail Corp.
filed separate Chapter 11 bankruptcy petitions (Bankr. S.D.N.Y.
Lead Case No. 12-10512) on Feb. 9, 2012.

New York-based Connaught Group designs and has manufactured high-
end women's wear and then sells the finished clothing through an
innovative sales system outside the normal retail chain originally
created in 1981 by the Debtors' founder and iconic designer,
William D. Rondina.  The Company's sales are made primarily
through independent contractors who sell the clothing to their own
clients in private showings.  Through the Wardrobe Consultants,
the Debtors are able to offer the personalized service and
attention to detail absent from the conventional shopping
experience.  As of the Petition Date, the Debtors are affiliated
with more than 1,300 Wardrobe Consultants.  The Debtors also
operate 10 outlet stores throughout the country, but the Debtors
primarily only sell last season's clothing and other merchandise
to be liquidated at these stores.

A non-debtor Canadian subsidiary, The Connaught Group ULC, sells
the Debtors' clothing in eight outlet stores in Canada.  Three of
the Canadian stores are leased by The Connaught Group, Ltd.

Judge Stuart M. Bernstein presides over the case.  David L.
Barrack, Esq., Paul Jacobs, Esq., and Warren J. Nimetz, Esq., at
Fulbright & Jaworski L.L.P., serve as the Debtors' counsel.  Maury
Satin at Zygote Associates serves as the CRO.  Richter Consulting
acts as financial advisor and Consensus Advisory Services and
Consensus Securities LLC serve as financial advisors, consultants
and investment bankers.  Kurtzman Carson Consultants LLC serves as
administrative agent, and claims and noticing agent.

JPMorgan Chase is represented in the case by Andrew C. Gold, Esq.,
at Herrick, Feinstein LL.  Citibank is represented by Boris I.
Mankovetskiy, Esq., at Sills Cummis & Gross P.C.

The Official Committee of Unsecured Creditors is represented by
Lowenstein Sandler, PC.

The Connaught Group, Ltd., disclosed $50,644,694 in assets and
$61,303,340 in liabilities.  Limited Editions for Her LLC
disclosed $3,339,174 in assets and $15,888,714 in liabilities.
Limited Editions for Her of Nevada LLC disclosed $979,926 in
assets and $12,395,949 in liabilities.  Limited Editions for Her
of Branson LLC listed $3,339,174 in assets and $15,888,714 in
liabilities.  WDR Retail Corp. disclosed $0 in assets and
$12,395,949 in liabilities.  Connaught Group Limited was the 100%
shareholder of each of LEFH Nevada, LEFH Branson, LEFH, and WDR.

Connaught Group filed a Chapter 11 plan in June that could pay
unsecured creditors 55% or more.  The disclosure statement, up for
approval at a July 17 hearing, stated that the recovery for
unsecured creditors will range between 21% and 55%.  The recovery
could be higher still if lawsuits are victorious.  Unsecured
claims range from $17.5 million to $20 million, according to the
disclosure statement.


CONTRACT RESEARCH: Ends June 30 With $7.47 Million in Cash
----------------------------------------------------------
Contract Research Solutions, Inc., et al., on Aug. 8, 2012, filed
its monthly operating report for the month ended June 30, 2012.

The Debtor posted a net loss of $93.83 million on net revenue of
$3.43 million for the month ended June 30, 2012.

As of June 30, 2012, the Debtor had total assets of
$22.23 million, total liabilities of $177.16 million and total
stockholders' deficit of $154.92 million.

As of June 1, 2012, Contract Research had $2.35 million in cash.
The Debtor had total cash receipts of $16.66 million and total
cash disbursements of $11.54 million.  As a result, at the end of
the month, Contract Research had total cash of $7.47 million.

                           About Cetero

Contract Research Solutions Inc., doing business as Cetero, a
provider of early-phase clinical research services for
pharmaceutical and biotechnology firms, filed a Chapter 11
petition (Bankr. D. Del. Case No. 12-11004) on March 26, 2012.
Cetero's 19 affiliates also sought bankruptcy protection (Bankr.
D. Del. Case Nos. 12-11005 to 12-11023).

Cetero plans to sell the business, including their rights to
pursue avoidance actions, to first-lien secured lenders in
exchange for $50 million in debt, absent higher and better offers.
Cetero has filed a motion seeking approval of procedures that will
govern the bidding and auction.  The first-lien lenders have
formed entities that will acquire the business -- CSRI Holdings
LLC, as U.S. Purchaser, and 0935867 B.C. Ltd and 0935870 B.C. Ltd,
as Canadian Purchasers.  Together, they will serve as stalking
horse bidders and have offered to exchange $50 million in secured
debt and assume $30 million in liabilities to buy the assets.
First lien lenders are also providing a $15 million loan to
finance the Chapter 11 effort.

Assets are $205 million, with debt total $248 million.  There is
$185 million in debt for borrowed money, including $116 million on
a first-lien term loan and revolving credit.  The second-lien loan
is $25 million.  Second-lien lenders have agreed to the sale.

Freeport Financial LLC serves as the sole lead arranger and
bookrunner, and as U.S. administrative agent and collateral agent
under the first lien facility.  Bank of Montreal serves as the
Canadian agent.  Freeport is also the agent under the second lien
facility.

Judge Kevin Gross oversees the case.  Lawyers at Young Conaway
Stargatt & Taylor, LLP, and Paul Hastings LLP serve as the
Debtors' counsel.  Stikeman Elliott LLP serves as Canadian
counsel.  Carl Marks Advisory Group LLC serves as restructuring
advisor.  Epiq Bankruptcy Solutions serves as claims and notice
agent.  The petitions were signed by Michael T. Murren, CFO.

The first lien lenders and the stalking horse buyers are
represented by Peter Knight, Esq., at Latham & Watkings, LLP; and
Wael Rostom, Esq., at McMillan LLP.

Roberta A. Deangelis, U.S. Trustee for Region 3 appointed three
persons to the Official Committee of Unsecured Creditors in the
Chapter 11 cases of Contract Research.


EASTMAN KODAK: Ends July 31 With $438.17 Million in Cash
--------------------------------------------------------
Eastman Kodak Company, on Aug. 29, 2012, filed its monthly
operating report for the month ended July 31, 2012.

The Company posted a net loss of $78.66 million on revenues of
$162.51 million for the month ended July 31, 2012.

As of July 31, 2012, the Company had total assets of
$3.93 billion, total liabilities of $5.32 billion and total
stockholders' deficit of $1.39 billion.

Eastman Kodak had total cash receipts of $149.27 million and total
cash disbursements of $223.72 million.  As of July 31, 2012, the
Company had total cash of $438.17 million.

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

                       http://is.gd/R2zUxE

                       About Eastman Kodak

Rochester, New York-based Eastman Kodak Company and its U.S.
subsidiaries on Jan. 19, 2012, filed voluntarily Chapter 11
petitions (Bankr. S.D.N.Y. Lead Case No. 12-10202) in Manhattan.
Subsidiaries outside of the U.S. were not included in the filing
and are expected to continue to operate as usual.

Kodak, founded in 1880 by George Eastman, was once the world's
leading producer of film and cameras.  Kodak sought bankruptcy
protection amid near-term liquidity issues brought about by
steeper-than-expected declines in Kodak's historically profitable
traditional businesses, and cash flow from the licensing and sale
of intellectual property being delayed due to litigation tactics
employed by a small number of infringing technology companies with
strong balance sheets and an awareness of Kodak's liquidity
challenges.

In recent years, Kodak has been working to transform itself from a
business primarily based on film and consumer photography to a
smaller business with a digital growth strategy focused on the
commercialization of proprietary digital imaging and printing
technologies.  Kodak has 8,900 patent and trademark registrations
and applications in the United States, as well as 13,100 foreign
patents and trademark registrations or pending registration in
roughly 160 countries.

Kodak disclosed $5.10 billion in assets and $6.75 billion in
liabilities as of Sept. 30, 2011.  The net book value of all
assets located outside the United States as of Dec. 31, 2011 is
$13.5 million.

Attorneys at Sullivan & Cromwell LLP and Young Conaway Stargatt &
Taylor, LLP, serve as counsel to the Debtors.  FTI Consulting,
Inc., is the restructuring advisor.   Lazard Freres & Co. LLC, is
the investment banker.  Kurtzman Carson Consultants LLC is the
claims agent.

The Official Committee of Unsecured Creditors has tapped
Milbank, Tweed, Hadley & McCloy LLP, as its bankruptcy counsel.

Michael S. Stamer, Esq., David H. Botter, Esq., and Abid Qureshi,
Esq., at Akin Gump Strauss Hauer & Feld LLP, represent the
Unofficial Second Lien Noteholders Committee.

Robert J. Stark, Esq., Andrew Dash, Esq., and Neal A. D'Amato,
Esq., at Brown Rudnick LLP, represent Greywolf Capital Partners
II; Greywolf Capital Overseas Master Fund; Richard Katz, Kenneth
S. Grossman; and Paul Martin.


ENERGY CONVERSION: Ends July With $742,723 in Cash
--------------------------------------------------
Energy Conversion Devices, Inc., on Aug. 24, 2012, filed its
monthly operating report for the month ended July 31, 2012.

The Company posted a net loss of $2.54 million for the month ended
July 31, 2012.

As of July 31, 2012, the Company had total assets of
$955.61 million, total liabilities of $258.91 million and total
stockholders' equity of $696.70 million.

At the beginning of July, Energy Conversion had $1.76 million in
cash.  The Company had total cash receipts of $1.09 million and
total cash disbursements of $2.11 million.  As a result, at the
end of the month, Energy Conversion had total cash of $742,723.

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

                       http://is.gd/hEgbLU

                     About Energy Conversion

Energy Conversion Devices -- http://energyconversiondevices.com/
-- has a renowned 51 year history since its formation in Detroit,
Michigan and has been a pioneer in materials science and renewable
energy technology development.  The company has been awarded over
500 U.S. patents and international counterparts for its
achievements.  ECD's United Solar wholly owned subsidiary has been
a global leader in building-integrated and rooftop photovoltaics
for over 25 years.  The company manufactures, sells and installs
thin-film solar laminates that convert sunlight to clean,
renewable energy using proprietary technology.

ECD filed for Chapter 11 protection (Bankr. E.D. Mich. Case No.
12-43166) on Feb. 14, 2012.  Judge Thomas J. Tucker presides over
the case.  Aaron M. Silver, Esq., Judy B. Calton, Esq., and Robert
B. Weiss, Esq., at Honigman Miller Schwartz & Cohn LLP, in
Detroit, Michigan, represent the Debtor as counsel.  The Debtor
estimated assets and debts of between $100 million and $500
million as of the petition date.

The petition was signed by William Christopher Andrews, chief
financial officer and executive vice president.

Affiliate United Solar Ovonic LLC filed a separate Chapter 11
petition on the same day (Bankr. E.D. Mich. Case No. 12-43167).
Affiliate Solar Integrated Technologies, Inc., filed a petition
for relief under Chapter 7 of the Bankruptcy Code (Bankr. E.D.
Mich. Case No. 12-43169).

An official committee of unsecured creditors has been appointed in
the case.  Foley and Lardner, LLP represents the Committee.
Scouler & Company, LLC, serves as financial advisor.

A group of shareholders had asked a bankruptcy judge to allow it
to form an official committee with lawyers and expenses paid for
by the company.

The company had estimated in court papers that it was worth
$986 million, based on nearly $800 million of investment in the
manufacturing unit.

The Debtors canceled an auction to sell USO as a going concern and
discontinued the court-approved sale process after failing to
receive an acceptable qualified bid by the bid deadline.  Quarton
Partners served as the companies' investment banker.  The Debtors
also hired auction services provider Hilco Industrial to prepare
for an orderly sale of the companies' assets.


ENERGY CONVERSION: United Solar Has $10.91 million Cash in July
---------------------------------------------------------------
United Solar Ovonic LLC, on Aug. 24, 2012, filed its monthly
operating report for the month ended July 31, 2012.

United Solar reported a net loss of $15.73 million on total
revenue of $1.53 million for the month ended July 31, 2012.

As of July 31, 2012, the Company had total assets of
$46.18 million, total liabilities of $842.17 million and total
stockholders' deficit of $796 million.

At the beginning of the month, the United Solar had $10.57 million
in cash.  The Company had total cash receipts of $3.43 million and
total cash disbursements of $3.10 million.  As a result, at the
end of July, United Solar had total cash of $10.91 million.

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

                       http://is.gd/1fDXYq

                     About Energy Conversion

Energy Conversion Devices -- http://energyconversiondevices.com/
-- has a renowned 51 year history since its formation in Detroit,
Michigan and has been a pioneer in materials science and renewable
energy technology development.  The company has been awarded over
500 U.S. patents and international counterparts for its
achievements.  ECD's United Solar wholly owned subsidiary has been
a global leader in building-integrated and rooftop photovoltaics
for over 25 years.  The company manufactures, sells and installs
thin-film solar laminates that convert sunlight to clean,
renewable energy using proprietary technology.

ECD filed for Chapter 11 protection (Bankr. E.D. Mich. Case No.
12-43166) on Feb. 14, 2012.  Judge Thomas J. Tucker presides over
the case.  Aaron M. Silver, Esq., Judy B. Calton, Esq., and Robert
B. Weiss, Esq., at Honigman Miller Schwartz & Cohn LLP, in
Detroit, Michigan, represent the Debtor as counsel.  The Debtor
estimated assets and debts of between $100 million and $500
million as of the petition date.

The petition was signed by William Christopher Andrews, chief
financial officer and executive vice president.

Affiliate United Solar Ovonic LLC filed a separate Chapter 11
petition on the same day (Bankr. E.D. Mich. Case No. 12-43167).
Affiliate Solar Integrated Technologies, Inc., filed a petition
for relief under Chapter 7 of the Bankruptcy Code (Bankr. E.D.
Mich. Case No. 12-43169).

An official committee of unsecured creditors has been appointed in
the case.  Foley and Lardner, LLP represents the Committee.
Scouler & Company, LLC, serves as financial advisor.

A group of shareholders had asked a bankruptcy judge to allow it
to form an official committee with lawyers and expenses paid for
by the company.

The company had estimated in court papers that it was worth
$986 million, based on nearly $800 million of investment in the
manufacturing unit.

The Debtors canceled an auction to sell USO as a going concern and
discontinued the court-approved sale process after failing to
receive an acceptable qualified bid by the bid deadline.  Quarton
Partners served as the companies' investment banker.  The Debtors
also hired auction services provider Hilco Industrial to prepare
for an orderly sale of the companies' assets.


EVANS OIL: Ends June 30 With $1.07 Million in Cash
--------------------------------------------------
Evan Oil Company LLC, on July 24, 2012, filed its monthly
operating report for the month ended June 30, 2012.

The Debtor reported a net loss of $222,107 on total revenue of
$10.64 million for the six periods ended June 30, 2012.

As of June 30, 2012, the Debtor had total assets of
$20.46 million, total liabilities of $39.02 million and total
stockholders' deficit of $18.56 million.

As of June 1, 2012, the Debtor had $254,058 in cash.  Evans Oil
had total cash receipts of $10.97 million and total cash
disbursements of $10.15 million.  As a result, at the end of the
month, the Debtor had total cash of $1.07 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.

Fifth Third Bank failed in its bid for appointment of a Chapter 11
trustee to replace management.

Soneet Kapila was appointed by the bankruptcy judge as facilitator
effective on May 10, 2012 for Evans Oil.  All due diligence
regarding any plan of reorganization or any sale of the Debtors'
assets will be facilitated by Mr. Kapila until the earlier of
consummation of a sale of all or substantially all of the assets,
or (2) confirmation of a plan of reorganization.


EVANS OIL: Ends May 31 With $254,058 in Cash
--------------------------------------------
Evans Oil Company LLC on June 19, 2012, filed its monthly
operating report for the month ended May 31, 2012.

The Company posted a net loss of $216,264 on total revenue of
$14.62 million for the five periods ended May 31, 2012.

As of May 31, 2012, Evans Oil had total assets of $21.09 million,
total liabilities of $39.42 million and total stockholders'
deficit of $18.33 million.

At the beginning of May, Evans Oil had $357,496 in cash.  The
Company had total cash receipts of $14.24 million and total cash
disbursements of $14.34 million.  As a result, as of May 31, 2012,
the Company had total cash of $254,058.

                          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.

Fifth Third Bank failed in its bid for appointment of a Chapter 11
trustee to replace management.

Soneet Kapila was appointed by the bankruptcy judge as facilitator
effective on May 10, 2012 for Evans Oil.  All due diligence
regarding any plan of reorganization or any sale of the Debtors'
assets will be facilitated by Mr. Kapila until the earlier of
consummation of a sale of all or substantially all of the assets,
or (2) confirmation of a plan of reorganization.


EASTMAN KODAK: Incurs Net Loss of $78.8 Million in July
-------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Eastman Kodak Co., the bankrupt photography pioneer,
reported a net loss of $78.8 million in July on revenue of
$162.5 million.

According to the report, the cost of sales exceeded revenue by
$3.5 million.  The Kodak companies in bankruptcy reorganization
ended July with $438.2 million in cash, a decline of $72 million
on the balance sheet from June, according to the operating report
filed with the U.S. Bankruptcy Court in Manhattan.  Kodak's
July loss from continuing operations was $52.3 million.  In June,
the comparable loss was $35.3 million.

The report relates that the larger net loss last month was mostly
the result of $12.6 million in interest expense and $12.2 million
in reorganization costs.  Three times this month, Kodak pushed
back the deadline to find the highest bids for digital-imaging
technology.  The hearing that would have been Sept. 7 will now go
ahead on Sept. 19, assuming a buyer is found.

The report notes that Kodak's $400 million in 7 percent
convertible notes due in 2017, which sold for 21.055 cents on the
dollar on Aug. 9, last traded on Aug. 29 for 14.432 cents on the
dollar, according to Trace, the bond-price reporting system of the
Financial Industry Regulatory Authority.  The decline occurred
after Kodak was unable to find a buyer for the digital imaging
portfolio by the company's self-imposed deadline earlier this
month.  Kodak, based in Rochester, New York, filed for Chapter 11
reorganization in January, listing $5.1 billion in assets and
$6.75 billion in debt.

                      About Eastman Kodak

Rochester, New York-based Eastman Kodak Company and its U.S.
subsidiaries on Jan. 19, 2012, filed voluntarily Chapter 11
petitions (Bankr. S.D.N.Y. Lead Case No. 12-10202) in Manhattan.
Subsidiaries outside of the U.S. were not included in the filing
and are expected to continue to operate as usual.

Kodak, founded in 1880 by George Eastman, was once the world's
leading producer of film and cameras.  Kodak sought bankruptcy
protection amid near-term liquidity issues brought about by
steeper-than-expected declines in Kodak's historically profitable
traditional businesses, and cash flow from the licensing and sale
of intellectual property being delayed due to litigation tactics
employed by a small number of infringing technology companies with
strong balance sheets and an awareness of Kodak's liquidity
challenges.

In recent years, Kodak has been working to transform itself from a
business primarily based on film and consumer photography to a
smaller business with a digital growth strategy focused on the
commercialization of proprietary digital imaging and printing
technologies.  Kodak has 8,900 patent and trademark registrations
and applications in the United States, as well as 13,100 foreign
patents and trademark registrations or pending registration in
roughly 160 countries.

Kodak disclosed $5.10 billion in assets and $6.75 billion in
liabilities as of Sept. 30, 2011.  The net book value of all
assets located outside the United States as of Dec. 31, 2011 is
$13.5 million.

Attorneys at Sullivan & Cromwell LLP and Young Conaway Stargatt &
Taylor, LLP, serve as counsel to the Debtors.  FTI Consulting,
Inc., is the restructuring advisor.   Lazard Freres & Co. LLC, is
the investment banker.  Kurtzman Carson Consultants LLC is the
claims agent.

The Official Committee of Unsecured Creditors has tapped
Milbank, Tweed, Hadley & McCloy LLP, as its bankruptcy counsel.

Michael S. Stamer, Esq., David H. Botter, Esq., and Abid Qureshi,
Esq., at Akin Gump Strauss Hauer & Feld LLP, represent the
Unofficial Second Lien Noteholders Committee.

Robert J. Stark, Esq., Andrew Dash, Esq., and Neal A. D'Amato,
Esq., at Brown Rudnick LLP, represent Greywolf Capital Partners
II; Greywolf Capital Overseas Master Fund; Richard Katz, Kenneth
S. Grossman; and Paul Martin.


EXTERRA ENERGY: Ends July 31 With $167,761 in Cash
--------------------------------------------------
Exterra Energy Inc., on Aug. 23, 2012, filed its monthly operating
report for the month ended July 31, 2012.

The Debtor posted a net loss of $43,043 for the month ended
July 31, 2012.

As of July 31, 2012, the Debtor had total assets of $701,846,
total liabilities of $14.13 million and total stockholders'
deficit of $13.43 million.

As of July 1, 2012, Exterra Energy had $82,139 in cash.  The
Debtor had total cash receipts of $271,181 and total cash
disbursements of $185,650.  As a result, at the end of July,
Exterra Energy had total cash of $167,671.

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

                       http://is.gd/AJAtDc

                       About Exterra Energy

Exterra Energy Inc., an oil and natural-gas exploration and
production company in Amarillo, Texas, filed a bare-bones Chapter
11 petition (Bankr. N.D. Tex. Case No. 11-46956) on Dec. 15, 2011,
in Fort Worth.  Two weeks later, Exterra filed its schedules of
assets and liabilities claiming to have property worth $19.4
million.  The company also filed a balance sheet from February
listing assets of $5.1 million.  The formal bankruptcy lists show
total debt of $7.5 million, including $4.6 million in secured
claims.  The company's Web site says Exterra has 12 wells in Pecos
County, Texas, plus interests in another 50.


FIRSTFED FINANCIAL: Ends July With $1.94 Million in Cash
--------------------------------------------------------
FirstFed Financial Corp., on Aug. 20, 2012, filed its monthly
operating report for the month ended July 31, 2012.

The Company reported a net loss of $111,411 for the month
ended July 31, 2012.

As of July 31, 2012, the Company had total assets of
$2.12 million, total liabilities of $159.62 million and total
stockholders' deficit of $157.50 million.

At the beginning of the month, the Company had $2.05 million in
cash.  FirstFed Financial had total cash disbursements of
$111,652.  As a result, at the end of the month, FirstFed
Financial had total cash of $1.94 million.

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

                       http://is.gd/8eOTTC

                     About FirstFed Financial

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

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

The Debtor's exclusive period to propose a plan expired in
January 2011.

The Debtor has proposed a Plan of Liquidation, which proposes an
orderly liquidation of the Debtor's estate.  Holdco Advisors L.P.,
submitted a competing plan of reorganization.


GETTY PETROLEUM: Ends July 31 With $4 Million in Cash
-----------------------------------------------------
Getty Petroleum Marketing Inc., et al., on Aug. 15, 2012, filed
its monthly operating report for the month ended July 31, 2012.

The Company reported a net loss of $233,000 for the month ended
July 31, 2012.

As of July 31, 2012, Getty Petroleum had total assets of
$63.63 million, total liabilities of $342.71 million and total
stockholders' deficit of $279.61 million.

At the beginning of the month, the Company had $4.76 million in
cash.  The Company had total cash receipts of $1.49 million and
total cash disbursements of $2.25 million.  As a result, at the
end of July, Getty Petroleum had total cash of $4 million.

                       About Getty Petroleum

A remnant of J. Paul Getty's oil empire, Getty Petroleum Marketing
markets gasoline, hydraulic fluids, and lubricating oils through
a network of gas stations owned and operated by franchise holders.
A former subsidiary of Russian oil giant LUKOIL, the company
operates in the Mid-Atlantic and Northeastern US states.  Getty
Petroleum Marketing's primary asset is the more than 800 gas
stations in the Mid-Atlantic states which are located on
properties owned by Getty Realty.  After scaling back the
company's operations to cut debt, in 2011 LUKOIL sold Getty
Petroleum Marketing to investment firm Cambridge Petroleum Holding
for an undisclosed price.

Getty Petroleum and three affiliates filed for Chapter 11
bankruptcy (Bankr. S.D.N.Y. Case Nos. 11-15606 to 11-15609) on
Dec. 5, 2011.  Judge Shelley C. Chapman presides over the case.
Loring I. Fenton, Esq., John H. Bae, Esq., Kaitlin R. Walsh, Esq.,
and Michael J. Schrader, Esq., at Greenberg Traurig, LLP, in New
York, N.Y., serve as the Debtors' counsel.  Ross, Rosenthal &
Company, LLP, serves as accountants for the Debtors.  Getty
Petroleum Marketing, Inc., disclosed $46.6 million in assets and
$316.8 million in liabilities as of the Petition Date.  The
petition was signed by Bjorn Q. Aaserod, chief executive officer
and chairman of the board.

The Official Committee of Unsecured Creditors is represented by
Wilmer Cutler Pickering Hale and Dorr LLP.  Alvarez & Marsal North
America, LLC, serves as the Committee's financial advisors.


LEHMAN BROTHERS: Has $23.25 Billion Cash at July 31
---------------------------------------------------
Lehman Brothers Holdings Inc. disclosed these cash receipts and
disbursements of the company, its affiliated debtors and
controlled entities for the month ended July 31, 2012:

Beginning Total Cash & Investments (07/01/12) $ 21,895,000,000
Total Sources of Cash                            1,506,000,000
Total Uses of Cash                                (231,000,000)
FX Fluctuation                                      (2,000,000)
                                                ---------------
Ending Total Cash & Investments (07/31/12)    $ 23,252,000,000

Lehman reported  $11.645 billion in cash and investments as of
July 1, 2012, and $12.652 billion as of July 31, 2012.

The monthly operating report also showed that a total of
$10,843,000 was paid last month to the U.S Trustee and bankruptcy
professionals.

From September 15, 2008 to July 1, 2012, a total of
$1,723,671,000 was paid to the U.S. Trustee and professionals, of
which $535,520,000 was paid to Lehman's turnaround manager
Alvarez & Marsal LLC while $419,228,000 was paid to its
bankruptcy counsel, Weil Gotshal & Manges LLP.

A full-text copy of the July 2012 Operating Report is available
for free at http://bankrupt.com/misc/LehmanMORJuly3112.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.

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC sought for bankruptcy protection in December 2009.

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 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.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  Lehman is set to make its first payment to creditors
under its $65 billion payout plan on April 17, 2012.


MSR RESORT: Reports $11.6 Million Net Loss in July
--------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the four resorts still owned by Paulson & Co. and
Winthrop Realty Trust reported a $11.6 million net loss in July on
$30.7 million in revenue.  The loss from continuing operations in
July was $10 million, according to the operating report filed this
week with the U.S. Bankruptcy Court in Manhattan.  Contributing to
the loss was $6.5 million in interest expense and $5.5 million in
depreciation.

                         About MSR Resort

MSR Hotels & Resorts, formerly known as CNL Hotels & Resorts Inc.,
owns a portfolio of eight luxury hotels with over 5,500 guest
rooms, including the Arizona Biltmore Resort & Spa in Phoenix, the
Ritz-Carlton in Orlando, Fla., and Hawaii's Grand Wailea Resort
Hotel & Spa in Maui.

On Jan. 28, 2011, CNL-AB LLC acquired the equity interests in the
portfolio through a foreclosure proceeding.  CNL-AB LLC is a joint
venture consisting of affiliates of Paulson & Co. Inc., a joint
venture affiliated with Winthrop Realty Trust, and affiliates of
Capital Trust, Inc.

Morgan Stanley's CNL Hotels & Resorts Inc. owned the resorts
before the Jan. 28 foreclosure.

Following the acquisition, five of the resorts with mortgage debt
scheduled to mature on Feb. 1, 2011, were sent to Chapter 11
bankruptcy by the Paulson and Winthrop joint venture affiliates.
MSR Resort Golf Course LLC and its affiliates filed for Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 11-10372) in Manhattan
on Feb. 1, 2011.  The resorts subject to the filings are Grand
Wailea Resort and Spa, Arizona Biltmore Resort and Spa, La Quinta
Resort and Club and PGA West, Doral Golf Resort and Spa, and
Claremont Resort and Spa.

James H.M. Sprayregen, P.C., Esq., Paul M. Basta, Esq., Edward O.
Sassower, Esq., and Chad J. Husnick, Esq., at Kirkland & Ellis,
LLP, serve as the Debtors' bankruptcy counsel.  Houlihan Lokey
Capital, Inc., is the Debtors' financial advisor.  Kurtzman Carson
Consultants LLC is the Debtors' claims agent.

The five resorts had $2.2 billion in assets and $1.9 billion in
debt as of Nov. 30, 2010, according to court filings.  In its
schedules, debtor MSR Resort disclosed $59,399,666 in total assets
and $1,013,213,968 in total liabilities.

The Official Committee of Unsecured Creditors is represented by
Martin G. Bunin, Esq., and Craig E. Freeman, Esq., at Alston &
Bird LLP, in New York.

In June, the Doral Golf Resort & Spa in Miami was sold to Donald
Trump.  The four remaining resorts will be sold to secured lender
Government of Singapore Investment Corp. for $1.5 billion,
including $1.115 million cash and $360 million in debt.  The sale
of the four resorts is to be approved and carried out through
implementation of a Chapter 11 plan.


PATRIOT COAL: Ends July 31 With $250.91 Million in Cash
-------------------------------------------------------
Patriot Coal Corporation, on Aug. 31, 2012, filed its monthly
operating report for the month ended July 31, 2012.

Patriot Coal posted a net loss of $135.61 million on total
revenues of $134.75 million for the month ended July 31, 2012.

As of July 31, 2012, the Debtor had total assets of $3.78 billion,
total liabilities of $3.72 billion and total stockholders' equity
of $59.84 million.

The Debtor had total cash receipts of $100.92 million and total
cash disbursements of $18.93 million.  The Debtor ended July 31
with $250.91 million in cash.

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

                       http://is.gd/pcPh5M

                        About Patriot Coal

St. Louis-based Patriot Coal Corporation (NYSE: PCX) is a producer
and marketer of coal in the eastern United States, with 13 active
mining complexes in Appalachia and the Illinois Basin.  The
Company ships to domestic and international electricity
generators, industrial users and metallurgical coal customers, and
controls roughly 1.9 billion tons of proven and probable coal
reserves.

Patriot Coal and nearly 100 affiliates filed voluntary Chapter 11
petitions in U.S. bankruptcy court in Manhattan (Bankr. S.D.N.Y.
Lead Case No. 12-12900) on July 9, 2012.  Patriot said it had
$3.57 billion of assets and $3.07 billion of debts, and has
arranged $802 million of financing to continue operations during
the reorganization.

Davis Polk & Wardwell LLP is serving as legal advisor, Blackstone
Advisory Partners LP is serving as financial advisor, and AP
Services, LLC is providing interim management services to Patriot
in connection with the reorganization.  Ted Stenger, a Managing
Director at AlixPartners LLP, the parent company of AP Services,
has been named Chief Restructuring Officer of Patriot, reporting
to the Chairman and CEO.  GCG, Inc. serves as claims and noticing
agent.

The case has been assigned to Judge Shelley C. Chapman.

The U.S. Trustee appointed a seven-member creditors committee.


PINNACLE AIRLINES: Ends July With $49.12 Million in Cash
--------------------------------------------------------
Pinnacle Airlines Corp. et al., on August 28, 2012, filed its
monthly operating report for the month ended July 31, 2012.

The Debtor reported a net loss of $2.52 million on total operating
revenues of $71.13 million for the month ended July 31, 2012.

As of July 31, 2012, the Debtor had total assets of
$899.91 million, total liabilities of $917.43 million and total
stockholders' deficit of $17.51 million.

As of July 1, 2012, Pinnacle Airlines had $31.75 million in cash.
The Debtor had total cash disbursements of $71.31 million.  At the
end of the month, Pinnacle Airlines had total cash of $49.12
million.

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

                       http://is.gd/Z49X97

                     About Pinnacle Airlines

Pinnacle Airlines Corp. (NASDAQ: PNCL) -- http://www.pncl.com/--
a $1 billion airline holding company with 7,800 employees, is the
parent company of Pinnacle Airlines, Inc.; Mesaba Aviation, Inc.;
and Colgan Air, Inc.  Flying as Delta Connection, United Express
and US Airways Express, Pinnacle Airlines Corp. operating
subsidiaries operate 199 regional jets and 80 turboprops on more
than 1,540 daily flights to 188 cities and towns in the United
States, Canada, Mexico and Belize.  Corporate offices are located
in Memphis, Tenn., and hub operations are located at 11 major U.S.
airports.

Pinnacle Airlines Inc. and its affiliates, including Colgan Air,
Mesaba Aviation Inc., Pinnacle Airlines Corp., and Pinnacle East
Coast Operations Inc. filed for Chapter 11 bankruptcy (Bankr.
S.D.N.Y. Lead Case No. 12-11343) on April 1, 2012.

Judge Robert E. Gerber presides over the case.  Lawyers at Davis
Polk & Wardwell LLP, and Akin Gump Strauss Hauer & Feld LLP serve
as the Debtors' counsel.  Barclays Capital and Seabury Group LLC
serve as the Debtors' financial advisors.  Epiq Systems Bankruptcy
Solutions serves as the claims and noticing agent.  The petition
was signed by John Spanjers, executive vice president and chief
operating officer.

Pinnacle Airlines' balance sheet at Sept. 30, 2011, showed $1.53
billion in total assets, $1.42 billion in total liabilities and
$112.31 million in total stockholders' equity.  Debtor-affiliate
Colgan Air, Inc. disclosed $574,482,867 in assets and $479,708,060
in liabilities as of the Chapter 11 filing.

Delta Air Lines, Inc., the Debtors' major customer and post-
petition lender, is represented by David R. Seligman, Esq., at
Kirkland & Ellis LLP.

The official committee of unsecured creditors tapped Morrison &
Foerster LLP as its counsel, and Imperial Capital, LLC, as
financial advisors.

Pinnacle has the exclusive right to propose a reorganization plan
until Jan. 25.


PMI GROUP: Ends June 30 With $161.26 Million in Cash
----------------------------------------------------
PMI Group, Inc., on July 27, 2012, filed its monthly operating
report for the month ended June 30, 2012.

The Debtor reported a net income of $246,522 for the month ended
June 30, 2012.

As of June 30, 2012, PMI Group had total assets of
$233.46 million, total liabilities of $767.37 million and total
stockholders' deficit of $533.91 million.

At the beginning of the month, PMI Group had $161.93 million in
cash.  The Debtor had total cash receipts of $19,649 and total
cash disbursements of $689,802.  As a result, as of June 30, 2012,
PMI Group had total cash of $161.26 million.

                       About The PMI Group

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

The PMI Group filed for Chapter 11 bankruptcy (Bankr. D. Del. Case
No. 11-13730) on Nov. 23, 2011.  In its schedules, the Debtor
disclosed $167,963,354 in assets and $770,362,195 in liabilities.
Stephen Smith signed the petition as chairman, chief executive
officer, president and chief operating officer.

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

The Debtor is represented by James L. Patton, Esq., Pauline K.
Morgan, Esq., Kara Hammond Coyle, Esq., and Joseph M. Barry, Esq.,
at Young Conaway Stargatt & Taylor LLP.

The Official Committee of Unsecured Creditors appointed in the
case retained Morrison & Foerster LLP and Womble Carlyle Sandridge
& Rice, LLP, as bankruptcy co-counsel.  Peter J. Solomon Company
serves as the Committee's financial advisor.


PRINCE SPORTS: Ends June 30 With $1.81 Million in Cash
------------------------------------------------------
Prince Sports, Inc., and its affiliates, on July 30, 2012, filed
its monthly operating report for the month ended June 30, 2012.

The Company posted a net loss of $4.82 million on net sales of
$940,000 for the month ended June 30, 2012.

As of June 30, 2012, the Company had total assets of
$39.90 million, total liabilities of $54.53 million and total
stockholders' deficit of $14.63 million.

As of June 1, 2012, Prince Sports had $1.98 million in cash.  The
Company had total cash disbursements of $9.03 million.  At the end
of the month, Prince Sports had total cash of $1.81 million.

                        About Prince Sports

Prince Sports, Inc. and its U.S. affiliates filed voluntary
petitions for Chapter 11 reorganization (Bankr. D. Del. Lead Case
NO. 12-11439) on May 1, 2012, with a Chapter 11 plan that
contemplates the transfer of ownership to Authentic Brands Group
(ABG)-Prince LLC.

Founded in 1970, Prince Sports has a 42-year track record of
developing premium quality products for the racquet sports
industry.  The Company pioneered many innovative designs,
including the "oversized" racquet, the "longbody" racquet, and
technology for racquet applications such as Triple Threat, 03 and
EX03.  Prince sells its products through brands like "Ektelon,"
which sells racquetball racquets, footwear and gloves and "Viking
Athletics," through which it sells platform tennis paddles, balls
and gloves.  Prince is distributed in over 100 countries.

Lincolnshire Management Inc. acquired Prince from Benneton Group,
the parent company of United Colors of Benneton, in 2003.
Lincolnshire Management sold Prince to Nautic Partners in August
2007.

The Debtor has a Chapter 11 plan where (ABG)-Prince LLC, which
acquired the secured debt from GE Capital and Madison Capital,
will be acquiring 100% of the new equity in exchange of the
discharge of the debt.

Attorneys at Pachulski Stang Ziehl & Jones serve as counsel to the
Debtors.  The Debtors have also tapped FTI Consultin, Inc., to
provide David J. Woodward as Chief Restructuring Officer, and
provide additional personnel. Epiq Bankruptcy Solutions LLC is the
claims and notice agent.

An official committee of unsecured creditors has been appointed in
the case.


PURE BEAUTY: Ends June 30 With $0 in Cash and $29.27 in Debt
------------------------------------------------------------
Pure Beauty Salons & Boutiques, Inc., et al., filed its monthly
operating report for the period from May 27 through June 30, 2012.

As of June 30, 2012, the Company had $0 in assets and total
liabilities of $29.27 million.

The Debtor started the month with $392,610 in total cash.  At the
end of the month, the Debtor had $0 in cash.

                         About Pure Beauty

Pure Beauty Salons & Boutiques, Inc., and its affiliated company
BeautyFirst Franchise Corp., operate a chain of hair care and
beauty supply stores under the trade names Trade Secret, Beauty
Express, BeautyFirst, PureBeauty, and Winston's Barber Shop.  Pure
Beauty Salons & Boutiques, Inc. operates and/or owns 436 stores
and BeautyFirst Franchise Corp. has agreements with 13 franchisees
that operate 22 BeautyFirst and 7 Trade Secret Stores.

Pure Beauty Salons & Boutiques, Inc., is back in Chapter 11 after
having been sold out of Chapter 11 last year.  The prior case was
dismissed after the sale was completed.  The previous case was In
re Trade Secret Inc., 10-12153, in the same court.

Pure Beauty Salons filed for bankruptcy (Bankr. D. Del. Case No.
11-13159) on Oct. 4, 2011.  Affiliate BeautyFirst Franchise Corp.
filed a separate petition (Bankr. D. Del. Case No. 11-13160).
Joseph M. Barry, Esq., Kenneth J. Enos, Esq., and Ryan M. Bartley,
Esq., at Young Conaway Stargatt & Taylor, LLP, serve as the
Debtors' counsel.  The Debtors' investment banker is SSG Capital
Advisors' J. Scott Victor -- jsvictor@ssgca.com  The Debtors'
notice, claims solicitation, and balloting agent is Epiq
Bankruptcy Solutions.

In its schedules, Pure Beauty Salons disclosed $36,444,963 in
assets and $55,215,590 in liabilities as of the Petition Date.
In its schedules, BeautyFirst Franchise disclosed $1,716,985 in
assets and $36,761,086 in liabilities as of the Petition Date.

The Debtors owe $15 million to vendors and landlords.  The
petition was signed by Brian Luborsky, chief executive officer.

Roberta A. DeAngelis, the U.S. Trustee for Region 3, appointed
seven unsecured creditors to serve on the Official Committee of
Unsecured Creditors of Pure Beauty Salons.  Attorneys at Pachulski
Stang Ziehl & Jones LLP represent the Committee.  LM+Co serves as
their financial advisor.

Secured lender Regis Corp. is represented in the case by Michael
L. Meyer, Esq., at Ravich Meyer Kirkman McGrath Nauman & Tansey
P.A., and Kathleen M. Miller, Esq., at Smith Katzenstein & Furlow
LLP.


RCR PLUMBING: Ends June 30 With $2.98 Million in Cash
-----------------------------------------------------
RCR Plumbing and Mechanical, Inc., on July 23, 2012, filed its
monthly operating report for the month ended June 30, 2012.

RCR Plumbing reported a net loss of $440,268 on net revenue of
$1.14 million for the month ended June 30, 2012.

As of June 30, 2012, the Debtor had total assets of
$10.15 million, total liabilities of $19.05 million and total
stockholders' deficit of $8.90 million.

As of June 1, 2012, the Debtor had $3.06 million in cash.  RCR
Plumbing had total cash receipts of $1.68 million and total cash
disbursements of $1.77 million.  As a result, as of June 30, 2012,
the Debtor had total cash of $2.98 million.

                         About RCR Plumbing

Founded in 1977, Riverside, California-based RCR Plumbing and
Mechanical Inc. is one of the largest plumbing subcontractors in
the West Coast.  In 1999, RCR Plumbing was acquired by American
Plumbing and Mechanical Inc.  On Oct. 13, 2003, AMPAM and its
affiliated entities, including RCR Plumbing, filed for Chapter 11
bankruptcy (Bankr. W.D. Tex. Lead Case No. 03-55789) in San
Antonio.  Pursuant to a plan of reorganization, RCR Plumbing
received a discharge of any liability arising from contracts
completed prior to Aug. 2, 2004, the date the plan was confirmed.
The plan disaggregated RCR Plumbing from AMPAM.

RCR Plumbing filed for Chapter 11 bankruptcy (Bankr. C.D. Calif.
Case No. 11-41853) on Oct. 12, 2011.  RCR Plumbing blamed a weak
construction market and increased insurance costs.  Judge Wayne E.
Johnson oversees the case.  Evan D. Smiley, Esq., and Kyra E.
Andrassy, Esq. at Weiland, Golden, Smiley et al., serve as the
Debtor's counsel.  Sidley Austin LLP as its special labor and
employment counsel BSW & Associates as financial advisor.
Kurtzman Carson Consultants LLC serves as noticing agent.  In its
petition, RCR Plumbing estimated $10 million to $50 million in
assets and debts.  The petition was signed by Robert C. Richey,
president/CEO.

The Official Committee of Unsecured Creditors tapped Venable LLP
as its counsel.


RESIDENTIAL CAPITAL: Files Operating Report for July
----------------------------------------------------
Residential Capital, LLC, and its debtor affiliates disclosed
that for the period from July 1 to 31, 2012, they had an
operating loss of $86,203,909.  Total net revenue for the period
was $12,629,000, while total reorganization expense was
$11,759,000.

The Debtors also reported that as of July 31, 2012, consolidated
assets totaled $10,606,158,000, consolidated liabilities totaled
$10,367,429,000, and consolidated equity totaled $238,729,000.

Receipts during the operating period totaled $991,544,000, while
disbursements totaled $1,078,879,000.

Payments to insiders during the operating period totaled
$117,183,566, composed of:

   -- $55,096,122 to Ally Bank for Servicing/Origination-related
      services;

   -- $22,227,252 to Ally Bank for Loan Purchases;

   -- $518,209 to Ally Commercial Finance LLC for
      Servicing-related services;

   -- $24,247,795 to Ally Financial Inc. for Payroll;

   -- $2,273,688 to Ally Financial Inc. for Interest on
      Affiliated Borrowings;

   -- $11,792,399 to Ally Investment Management, LLC, for
      Derivatives;

   -- $939,100 to the Debtors' Officers & Directors, paid via
      Ally for Payroll; and

   -- $89,000 to Independent Directors for Payroll and Travel.

For the operating period, the Debtors paid $1,662,736 to Kurtzman
Carson Consultants, LLC, for professional fees and expenses.

A copy of the Debtors' July 2012 Operating Report is available
for free at http://bankrupt.com/misc/rescapmorjuly2012.pdf

                     About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.

Neither Ally Financial nor Ally Bank is included in the bankruptcy
filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.68 billion in assets and $15.28 billion in
liabilities as of March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is
the conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap is selling its mortgage origination and servicing
businesses and its legacy portfolio, consisting mainly of mortgage
loans and other residual financial assets.  At the onset of the
bankruptcy case, ResCap struck a deal with Nationstar Mortgage LLC
for the mortgage origination and servicing businesses, and with
Ally Financial for the legacy portfolio.  Together, the asset
sales are expected to generate roughly $4 billion in proceeds.

Following a hearing in June, the bankruptcy judge scheduled
auctions for Oct. 23.  A hearing to approve the sales was set for
Nov. 5.  Fortress Investment Group LLC will make the first bid for
the mortgage-servicing business, while Berkshire Hathaway Inc.
will serve as stalking-horse bidder for the remaining portfolio of
mortgages.

Bankruptcy Creditors' Service, Inc., publishes RESIDENTIAL CAPITAL
BANKRUPTCY NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by affiliates of Residential Capital LLC and its
affiliates (http://bankrupt.com/newsstand/or 215/945-7000).


RG STEEL: Increases Cash Balance to $520-K in June
--------------------------------------------------
WP Steel Ventures, LLC, et al., on Aug. 6, 2012, filed its monthly
operating report for the month ended June 30, 2012.

The Company posted a net loss of $55.56 million on total sales of
$163.43 million for the month ended June 30, 2012.

As of June 30, 2012, the Company had total assets of
$1.22 billion, total liabilities of $965.28 million and total
stockholders' equity of $258.51 million.

As of June 1, the Company had total cash of $0.37 million. WP
Steel had total cash receipts of $210.95 million and total cash
disbursements of $53.55 million for the month of June.  As a
result, the Company ended the month with $0.52 million in cash.

                          About RG Steel

RG Steel LLC -- http://www.rg-steel.com/-- is the United States'
fourth-largest flat-rolled steel producer with annual steelmaking
capacity of 7.5 million tons. It was formed in March 2011
following the purchase of three steel facilities located in
Sparrows Point, Maryland; Wheeling, West Virginia and Warren,
Ohio, from entities related to Severstal US Holdings LLC. RG
Steel also owns finishing facilities in Yorkville and Martins
Ferry, Ohio. It also owns Wheeling Corrugating Company and has a
50% ownership in Mountain State Carbon and Ohio Coatings Company.

RG Steel along with affiliates, including WP Steel Venture LLC,
sought bankruptcy protection (Bankr. D. Del. Lead Case No. 12-
11661) on May 31, 2012, to pursue a sale of the business. The
bankruptcy was precipitated by liquidity shortfall and a dispute
with Mountain State Carbon, LLC, and a Severstal affiliate, that
restricted the shipment of coke used in the steel production
process.

The Debtors estimated assets and debts in excess of $1 billion as
of the Chapter 11 filing. The Debtors owe (i) $440 million,
including $16.9 million in outstanding letters of credit, to
senior lenders led by Wells Fargo Capital Finance, LLC, as
administrative agent, (ii) $218.7 million to junior lenders, led
by Cerberus Business Finance, LLC, as agent, (iii) $130.5 million
on account of a subordinated promissory note issued by majority
owner The Renco Group, Inc., and (iv) $100 million on a secured
promissory note issued by Severstal. RG Steel LLC disclosed
$1,293,320,461 in assets and $1,050,005,993 in liabilities as of
the Chapter 11 filing.

Judge Kevin J. Carey presides over the case.

The Debtors are represented in the case by Robert J. Dehney, Esq.,
and Erin R. Fay, Esq., at Morris, Nichols, Arsht & Tunnell LLP,
and Matthew A. Feldman, Esq., Shaunna D. Jones, Esq., Weston T.
Eguchi, Esq., at Willkie Farr & Gallagher LLP, represent the
Debtors.

Conway MacKenzie, Inc., serves as the Debtors' financial advisor
and The Seaport Group serves as lead investment banker. Donald
MacKenzie of Conway MacKenzie, Inc., as CRO. Kurtzman Carson
Consultants LLC is the claims and notice agent and provides
administrative services.

RG Steel LLC sold the Sparrows Point steel mill to liquidator
Hilco Industrial on Aug. 7 for about $72 million,

Wells Fargo Capital Finance LLC, as Administrative Agent, is
represented by Jonathan N. Helfat, Esq., and Daniel F. Fiorillo,
Esq., at Otterbourg, Steindler, Houston & Rosen, P.C.; and Laura
Davis Jones, Esq., and Timothy P. Cairns, Esq., at Pachuiski Stang
Ziehi & Jones LLP.

Renco Group is represented by lawyers at Cadwalader, Wickersham &
Taft LLP.

An official committee of unsecured creditors has been appointed in
the case. Kramer Levin Naftalis & Frankel LLP represents the
Committee. Saul Ewing LLP serves as co-counsel. Huron Consulting
Services LLC serves as its financial advisor.


SAAB CARS: Ends June 30 With $9.35 Million in Cash
--------------------------------------------------
Saab Cars North America, Inc., on July 30, 2012, filed its monthly
operating report for the month ended June 30, 2012.

The Debtor reported a net loss of $4.56 million for the month
ended June 30, 2012.

As of June 30, 2012, Saab Cars had total assets of $51.35 million
and total liabilities of $60.66 million.

As of June 1, 2012, Saab Cars had $6.95 million in cash.  The
Debtor had total cash receipts of $2.92 million and total cash
disbursements of $520,575.  As a result, at the end of June,
Saab Cars had total cash of $9.35 million.

                       About Saab Cars N.A.

More than 40 U.S.-based Saab dealerships have signed an
involuntary chapter 11 bankruptcy petition for Saab Cars North
America, Inc., (Bankr. D. Del. Case No. 12-10344) on Jan. 30,
2012.  The petitioners, represented by Wilk Auslander LLP, assert
claims totaling $1.2 million on account of "unpaid warranty and
incentive reimbursement and related obligations" and/or "parts and
warranty reimbursement."  Leonard A. Bellavia, Esq., at Bellavia
Gentile & Associates, in New York, signed the Chapter 11 petition
on behalf of the dealers.

Donlin, Recano & Company, Inc. (DRC), has been retained to provide
claims and noticing agent services to Saab Cars North America,
Inc. in its Chapter 11 case.

The dealers want the vehicle inventory and the parts business to
be sold, free of liens from Ally Financial Inc. and Caterpillar
Inc., and "to have an appropriate forum to address the claims of
the dealers," Leonard A. Bellavia said in an e-mail to Bloomberg
News.

Saab Cars N.A. is the U.S. sales and distribution unit of Swedish
car maker Saab Automobile AB.  Saab Cars N.A. named in December an
outside administrator, McTevia & Associates, to run the company as
part of a plan to avoid immediate liquidation following its parent
company's bankruptcy filing.

Saab Automobile AB is a Swedish car manufacturer owned by Dutch
automobile manufacturer Swedish Automobile NV, formerly Spyker
Cars NV.  Saab Automobile AB, Saab Automobile Tools AB and Saab
Powertain AB filed for bankruptcy on Dec. 19, 2011, after running
out of cash.

On Feb. 24, 2012, the Court, inconsideration of the petition filed
on Jan. 30, 2012, granted Saab Cars North America, Inc., relief
under Chapter 11 of the Bankruptcy Code.

On March 9, 2012, the U.S. Trustee formed an official Committee of
Unsecured Creditors and appointed these members: Peter Mueller
Inc., IFS Vehicle Distributors, Countryside Volkwagen, Saab of
North Olmstead, Saab of Bedford, Whitcomb Motors Inc., and
Delaware Motor Sales, Inc.  The Committee tapped Wilk Auslander
LLP as general bankruptcy counsel, and Polsinelli Shughart as its
Delaware counsel.


SP NEWSPRINT: Ends June 30 With $14.61 Million in Cash
------------------------------------------------------
SP Newsprint Holdings LLC, et al., on July 31, 2012, filed its
monthly operating report for the month ended June 30, 2012.

The Company reported net income of $10.11 million on net revenues
of $36.92 million for the month ended June 30, 2012.

As of June 30, 2012, the Company had total assets of
$327.30 million, total liabilities of $465.58 million and total
stockholders' equity of $138.28 million.

SP Newsprint had total cash receipts of $42.62 million and total
cash disbursements of $45.33 million.  The Company ended June 30
with $14.61 Million in cash.

                        About SP Newsprint

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

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

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

Judge Christopher S. Sontchi presides over the case.  Joel H.
Levitin, Esq., Maya Peleg, Esq., and Richard A. Stieglitz Jr.,
Esq., at Cahill Gordon & Reindel LLP serve as the Debtors' lead
counsel.  Lee E. Kaufman, Esq., and Mark D. Collins, Esq., at
Richards, Layton & Finger, P.A., serve as the Debtors' Delaware
counsel.  AlixPartners LLP serves as the Debtors' financial
advisors and The Garden City Group Inc. serves as the Debtors'
claims and noticing agent.  SP Newsprint Co., LLC, disclosed
$318 million in assets and $323 million in liabilities as of the
Chapter 11 filing.  The petitions were signed by Edward D.
Sherrick, executive vice president and chief financial officer.

The Debtor won court approval to hold an Aug. 17 auction to sell
virtually all its assets.  The Debtor's lenders will act as the
so-called stalking horse for the auction setting a floor for other
bidders to beat.  The lenders will make a credit bid, using
forgiveness of its secured debt to buy the assets.  General
Electric Capital Corp., as both agent to lenders and a lender
itself, is owed about $254 million.

The Official Committee of Unsecured Creditors is represented by
Lowenstein Sandler PC.  Ashby & Geddes, P.A., serves as its
Delaware counsel, and BDO Consulting serves as its financial
advisor.


SPECIALTY PRODUCTS: Ends June 30 With $21.53 Million in Cash
------------------------------------------------------------
Specialty Products Holding Corp., on July 27, 2012, filed its
monthly operating report for the month of June.

The Company reported a net loss of $1.38 million for the month
ended June 30, 2012.

As of June 30, 2012, the Company had total assets of
$454.89 million, total liabilities of $226.68 million and total
stockholder's equity of $228.21 million.

At the beginning of the month, the Company had $34.60 million in
cash.  Specialty Products had total cash receipts of $32.22
million and total cash disbursements of $45.29 million.  As a
result, Specialty Products had total cash of $21.53 million at the
end of June.

                      About Specialty Products

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

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

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

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


TRIBUNE CO: Has $97.5-Million Net Loss in July
----------------------------------------------
Tribune Company, et al., posted a $97,530,000 net loss for the
period June 25 to July 29, 2012.  Tribune Co. posted $110,612 net
loss for the same period, over zero revenues.  The Debtors'
revenues for the period totaled $256,632,000 while operating
expenses totaled $244,025,000.

As of July 29, 2012, the Debtors had consolidated current assets
totaling $2,495,596,000, and consolidated current liabilities
totaling $532,726,000.  The Debtors had assets totaling
$9,617,346,000, liabilities totaling $1,282,086,000, and
shareholders' deficit totaling $8,189,588,000.

Disbursements for the operating period totaled $266,511,000,
which consisted of $113,854,000 in compensation and benefits,
$141,713,000 in general disbursements, and $10,944,000 in
reorganization-related disbursements.

For the operating period, $11,910,659 was paid to Chapter 11
professionals, including $1,298,881 to Alvarez & Marsal North
America LLC, the Debtors' restructuring adviser.  The amount paid
to the Chapter 11 professionals since the bankruptcy filing
totaled $268,074,875.

A full-text copy of the July 2012 Operating Report is available
for free at http://bankrupt.com/misc/tribunemorjuly2012.pdf

                         About Tribune Co.

Headquartered in Chicago, Illinois, Tribune Co. --
http://www.tribune.com/-- is a media company, operating
businesses in publishing, interactive and broadcasting, including
ten daily newspapers and commuter tabloids, 23 television
stations, WGN America, WGN-AM and the Chicago Cubs baseball team.

The Company and 110 of its affiliates filed for Chapter 11
protection (Bankr. D. Del. Lead Case No. 08-13141) on Dec. 8,
2008.  The Debtors proposed Sidley Austin LLP as their counsel;
Cole, Schotz, Meisel, Forman & Leonard, PA, as Delaware counsel;
Lazard Ltd. and Alvarez & Marsal North America LLC as financial
advisors; and Epiq Bankruptcy Solutions LLC as claims agent.  As
of Dec. 8, 2008, the Debtors have $7,604,195,000 in total assets
and $12,972,541,148 in total debts.  Chadbourne & Parke LLP and
Landis Rath LLP serve as co-counsel to the Official Committee of
Unsecured Creditors.  AlixPartners LLP is the Committee's
financial advisor.  Landis Rath Moelis & Company serves as the
Committee's investment banker.  Thomas G. Macauley, Esq., at
Zuckerman Spaeder LLP, in Wilmington, Delaware, represents the
Committee in connection with the lawsuit filed against former
officers and shareholders for the 2007 LBO of Tribune.

Protracted negotiations and mediation efforts and numerous
proposed plans of reorganization filed by Tribune Co. and
competing creditor groups have delayed Tribune's emergence from
bankruptcy.  Many of the disputes among creditors center on the
2007 leveraged buyout fraudulence conveyance claims, the
resolution of which is a key issue in the bankruptcy case.  The
bankruptcy court has scheduled a May 16 hearing on Tribune's plan.

Judge Kevin J. Carey issued an order dated July 13, 2012,
overruling objections to the confirmation of Tribune Co. and its
debtor affiliates' Plan of Reorganization.  Before it formally
emerges from bankruptcy, Tribune must still get approval from the
Federal Communications Commission on new broadcast licenses and
waivers for overlapping ownership of television stations and
newspapers in certain markets.

Bankruptcy Creditors' Service, Inc., publishes Tribune Bankruptcy
News.  The newsletter tracks the chapter 11 proceeding undertaken
by Tribune Company and its various affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


TRIDENT MICROSYSTEMS: Ends June 30 With $271,006 in Cash
--------------------------------------------------------
Trident Microsystems, Inc., et al., on Aug. 9, 2012, filed its
monthly operating report for the month of June.

The Company posted a net income of $3.03 million on net revenues
of $5.64 million for the month ended June 30, 2012.

As of June 30, 2012, the Company had total assets of
$303.72 million, total liabilities of $42.44 million and total
stockholders' equity of $261.28 million.

At the beginning of June, Trident Microsystems had $607,823 in
cash.  At the end of the month, the Company had total cash of
$271,006.

                    About Trident Microsystems

Sunnyvale, California-based Trident Microsystems, Inc., currently
designs, develops, and markets integrated circuits and related
software for processing, displaying, and transmitting high quality
audio, graphics, and images in home consumer electronics
applications such as digital TVs, PC-TV, and analog TVs, and set-
top boxes.  The Company has research and development facilities in
Beijing and Shanghai, China; Freiburg, Germany; Eindhoven and
Nijmegen, The Netherlands; Belfast, United Kingdom; Bangalore and
Hyderabad, India; Austin, Texas; and Sunnyvale, California. The
Company has sales offices in Seoul, South Korea; Tokyo, Japan;
Hong Kong and Shenzhen, China; Taipei, Taiwan; San Diego,
California; Mumbai, India; and Suresnes, France. The Company also
has operations facilities in Taipei and Kaoshiung, Taiwan; and
Hong Kong, China.

Trident Microsystems and its Cayman subsidiary, Trident
Microsystems (Far East) Ltd. filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Lead Case No. 12-10069) on Jan. 4,
2011.  Trident said it expects to shortly file for protection in
the Cayman Islands.

Judge Christopher S. Sontchi presides over the case.  Lawyers at
DLA Piper LLP (US) serve as the Debtors' counsel.  FTI Consulting,
Inc., is the financial advisor.  Union Square Advisors LLC serves
as the Debtors' investment banker.  PricewaterhouseCoopers LLP
serves as the Debtors' tax advisor and independent auditor.
Kurtzman Carson Consultants is the claims and notice agent.

Trident had $310 million in assets and $39.6 million in
liabilities as of Oct. 31, 2011.  The petition was signed by David
L. Teichmann, executive VP, general counsel & corporate secretary.

Pachulski Stang Ziehl & Jones LLP represents the Official
Committee of Unsecured Creditors.  The Committee tapped to retain
Fenwick & West LLP as its special tax and claims counsel, Imperial
Capital, LLC, as its investment banker and financial advisor.

Dewey & Leboeuf as represents the statutory committee of equity
security holders.  The statutory committee tapped to retain
Campbells as Cayman Islands counsel, and Quinn Emanuel Urquhart &
Sullivan, LLP as its conflicts counsel.


UNITED RETAIL: Ends July With $1 Million in Cash
------------------------------------------------
United Retail Group, Inc., et al., on Aug. 15, 2012, filed its
monthly operating report for the month of July.

The Debtor reported a net income of $3.2 million for the month
ended July 31, 2012.

As of July 31, 2012, the Debtor had total assets of $1 million,
total liabilities of $11.55 million and total stockholders'
deficit of $10.55 million.

United Retail had total cash receipts of $2.24 million and total
cash disbursements of $1.23 million.  At the end of July, the
Debtor had total cash of $1 million.

                     About United Retail Group

United Retail Group Inc., owner of the Avenue brand of women's
fashion apparel and a subsidiary of Redcats USA, sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 12-10405) on Feb. 1,
2012, as it seeks to sell the business to Versa Capital Management
for $83.5 million, subject to higher and better offers.

The Company's legal advisor is Kirkland & Ellis LLP; AlixPartners
LLP serves as restructuring advisor and Peter J. Solomon Company
serves as financial advisor and investment banker; and Donlin
Recano & Company Inc. is the notice, claims and administrative
agent.  Versa Capital's legal advisor is Sullivan & Cromwell LLP.

Avenue has 433 stores and an e-commerce site --
http://www.avenue.com/. Avenue employs roughly 4,422 employees,
roughly 294 of which are located at Avenue's corporate
headquarters in Rochelle Park, New Jersey or at the Troy
Distribution Facility.  The Company disclosed $117.2 million in
assets and $67.3 million in liabilities as of the Chapter 11
filing.

Cooley LLP serves as counsel for the Official Committee of
Unsecured Creditors.


VELO HOLDINGS: Ends June With $33.36 Million in Cash
----------------------------------------------------
Velo Holdings Inc., et al., on Aug. 14, 2012, filed its monthly
operating report for the month ended June 30, 2012.

The Company posted a net income of $476,000 on revenue of
$30.91 million for the month ended June 30, 2012.

As of June 30, 2012, the Company had total assets of
$339.75 million, total liabilities of $710.04 million and total
stockholders' deficit of $370.28 million.

As of June 1, 2012, Velo Holdings had $35.86 million in cash.  The
Company had total cash receipts of $23.30 million and total cash
disbursements of $26.21 million.  As a result, as of June 30,
2012, Velo Holdings had total cash of $33.36 million.

                        About Velo Holdings

V2V Corp. is a premier direct marketing services company,
providing individuals and businesses with access to a wide-variety
of consumer benefits in the United States, Canada, and the United
Kingdom.  V2V was founded in 1989 as a membership services company
that marketed its membership programs exclusively via
telemarketing and, after having nearly a decade of continued
growth, went public in 1996.  In 2007, V2V was acquired by a
consortium of private equity firms led primarily by investing
affiliates of One Equity Partners.

Norwalk, Connecticut-based Velo Holdings Inc. and various
affiliates, including V2V, filed for Chapter 11 bankruptcy (Bankr.
S.D.N.Y. Case Nos. 12-11384 to 12-11386 and 12-11388 to 12-11398)
on April 2, 2012.  The debtor-affiliates are V2V Holdings LLC,
Coverdell & Company, Inc., V2V Corp., LN Inc., FYI Direct Inc.,
Vertrue LLC, Idaptive Marketing LLC, My Choice Medical Holdings
Inc., Adaptive Marketing LLC, Interactive Media Group (USA) Ltd.,
Brand Magnet Inc., Neverblue Communications Inc., and Interactive
Media Consolidated Inc.

Judge Martin Glenn presides over the case.  Lawyers at Dechert LLP
serve as the Debtors' counsel.  The Debtors' financial advisors
are Alvarez & Marsal Securities LLC.  The Debtors' investment
banker is Alvarez & Marsal North America, LLC.

Quinn Emanuel Urquhart & Sullivan, LLP, serves as the Debtors'
special counsel.  Epiq Bankruptcy Solutions serves as the
Debtors' claims agent.  Velo Holdings estimated $100 million to
$500 million in assets and $500 million to $1 billion in debts.
The petitions were signed by George Thomas, general counsel.

Lawyers at Willkie Farr & Gallagher LLP represent Barclays, the
First Lien Prepetition Agent and the DIP Agent.  The First Lien
Prepetition Agent and DIP Agent also has hired FTI Consulting,
Inc.  Sidley Austin LLP represents the Second Lien Prepetition
Agent.

Tracy Hope Davis, U.S. Trustee for Region 2, appointed three
unsecured creditors to serve on the Official Committee of
Unsecured Creditors of Velo Holdings Inc., et al.


WAVE2WAVE COMMS: Ends June 30 With $228,277 in Cash
---------------------------------------------------
Wave2Wave Communications, Inc., on July 24, 2012, filed its
monthly operating report for the month ended June 30, 2012.

The Company posted a net loss of $536,555 on net operating
revenues of $3.65 million for the month ended June 30, 2012.

As of June 30, 2012, the Company had total assets of
$13.14 million, total liabilities of $76.23 million and total
stockholders' deficit of $63.09 million.

As of June 30, 2012, the Company had cash of $228,277.

                   About Wave2Wave Communications

Wave2Wave Communications Inc., a provider of voice and data
services to businesses, filed for bankruptcy (Bankr. D. N.J. Case
No. 12-13896) on Feb. 17, 2012.  Wave2Wave, which estimated up to
$100 million assets and debts, says it sought Chapter 11
protection, after access provider Verizon Communications Inc.
threatened to cut off its service.

Affiliates RNK Inc. and RNK VA LLC also filed petitions.
Wave2Wave was founded in 1999.  Judge Donald H. Steckroth presides
over the case.  Michael D. Sirota, Esq., at Cole, Schotz, Meisel,
Forman & Leonard, P.A., serves as the Debtors' counsel.   Mintz,
Levin, Cohn, Ferris, Glovsky and Popeo, P.C., serves as their
special counsel.  Kurtzman Carson Consultants LLC serves claims,
noticing and balloting agent.  J.H. Cohn LLP serves as financial
advisor.  The petition was signed by Steven Asman, president and
chairman of the Debtors' board.

The official committee of unsecured creditors is represented by
Cooley LLP.



                          *********

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
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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,
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bankruptcy documents filed in cases pending outside the District
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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
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Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
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Marie Varquez, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R.
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Copyright 2012 .  All rights reserved.  ISSN: 1520-9474.

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