TCR_Public/130727.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, July 27, 2013, Vol. 17, No. 206

                            Headlines

AMERICANWEST BANCORPORATION: Incurs $83,000 Net Loss in June
ATP OIL: Net Loss Widens to $83.48 Million in June
BLITZ USA: Records $390,232 Net Loss for April
BLITZ USA: Net Loss Drops to $151,008 at June 30
EDISON MISSION: Lists $42.46 Million Net Loss at June 30

FIRST REGIONAL: Incurs $56,000 Net Loss in June
IRWIN MORTGAGE: Has $4.68 Million Cash Balance at June 28
K-V PHARMACEUTICAL: K-V Discovery Posts $6.78MM Net Loss
LIGHTSQUARED INC: Ends June with $122.52 Million Cash Balance
METRO FUEL: Reports $55.45 Million Stockholders Deficit for May

NORTHSTAR AEROSPACE: Ends June with $574,000 Cash
RAPID-AMERICAN CORP: Ends June with $4 Million Cash
REVSTONE INDUSTRIES: Lists $5.10 Million Net Loss at June 1
TOUSA INC: Reports $1.58 Billion Stockholders Deficit for June
TPO HESS: Posts $348.4 Million Net Loss at May 31

TRINITY COAL: Ends May with $511,313 Cash
YARWAY CORPORATION: Lists $4.79 Million Net Loss for June


                            *********

AMERICANWEST BANCORPORATION: Incurs $83,000 Net Loss in June
------------------------------------------------------------
AmericanWest Bancorporation filed with the U.S. Securities and
Exchange Commission its monthly operating report for June 2013.

The Debtor incurred a net loss of $83,215 for June.

As of June 30, 2013, AmericanWest had $6.65 million in total
assets, $47.43 million in total liabilities, and a $40.77 million
total deficit.

At the beginning of the month, the Debtor had $5.30 million in
cash.  The Debtor reported $0 of total cash receipts and $76,469
of total cash disbursements.  At June 30, 2013, the Debtor had
$5.22 million ending cash balance.

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

                        http://is.gd/IAA2UG

                 About AmericanWest Bancorporation

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

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

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

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

In December 2010, AmericanWest completed the sale of all
outstanding shares of AmericanWest Bank to a wholly owned
subsidiary of SKBHC Holdings LLC, in a transaction approved by
the U.S. Bankruptcy Court.  The bank subsidiary was sold to SKBHC
Holdings Inc. for $6.5 million cash.


ATP OIL: Net Loss Widens to $83.48 Million in June
--------------------------------------------------
ATP Oil & Gas Corporation, on July 19, 2013, filed its monthly
operating report for the month ended June 30, 2013.

The Company reported a net loss of $83.48 million on revenues of
$18.06 million for June 2013, as compared to a $25.71 million
net loss on revenues of $27.68 million for May.

Under the Company's reorganization expenses for June, professional
fees totaled $3.91 million.

As of June 30, 2013, the Company had total assets of $2.79
billion, total liabilities of $3.10 billion, and total
stockholders' deficit of $315.10 million.

At the beginning of June, ATP Oil had $36.33 million in cash.
The Company had total cash receipts of $30.57 million and total
cash disbursements of $50.62 million.  As a result, at the end of
the month, ATP Oil had total cash of $16.28 million.

                          About ATP Oil

Houston, Tex.-based ATP Oil & Gas Corporation is an international
offshore oil and gas development and production company focused
in the Gulf of Mexico, Mediterranean Sea and North Sea.

ATP Oil & Gas filed a Chapter 11 petition (Bankr. S.D. Tex. Case
No. 12-36187) on Aug. 17, 2012.  Attorneys at Mayer Brown LLP,
serve as bankruptcy counsel.  Munsch Hardt Kopf & Harr, P.C., is
the conflicts counsel.  Motley Rice LLC and Fayard & Honeycutt,
APC serve as special counsel.  Opportune LLP is the financial
advisor and Jefferies & Company is the investment banker.
Kurtzman Carson Consultants LLC is the claims and notice agent.

ATP disclosed assets of $3.6 billion and $3.5 billion of
liabilities as of March 31, 2012.  Debt includes $365 million on a
first-lien loan where Credit Suisse AG serves as agent.  There is
$1.5 billion on second-lien notes with Bank of New York Mellon
Trust Co. as agent.  ATP's other debt includes $35 million on
convertible notes and $23.4 million owing to third parties for
their shares of production revenue.  Trade suppliers have claims
for $147 million, ATP said in a court filing.

An official committee of unsecured creditors has been appointed in
the case.  Evan R. Fleck, Esq., at Milbank, Tweed, Hadley &
McCloy, in New York, represents the Creditors Committee as
counsel.

A 7-member panel of equity security holders has also been
appointed in the case.  Kyung S. Lee, Esq., and Charles M. Rubio,
Esq. of Diamond McCarthy LLP, in Houston, Texas, serve as counsel
to the Equity Committee.

ATP is seeking court approval to sell substantially all of its
Deepwater Assets and Shelf Property Assets.


BLITZ USA: Records $390,232 Net Loss for April
----------------------------------------------
Blitz U.S.A., Inc., et al., on July 15, 2013, filed its monthly
operating report for the month ended April 30, 2013.

The Debtor reported a net loss of $390,232 on net revenues of
$3,856 for April.

As of April 30, 2013, the Debtor had total assets of $1.2 million,
total liabilities of $42.76 million, and total stockholders'
deficit of $41.56 million.

For the month of April, the Debtor had $284,507 total cash
receipts and total disbursements of $400,098.

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

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

                        About Blitz U.S.A.

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

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

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

Daniel J. DeFranceschi, Esq., at Richards, Layton & Finger,
represents the Debtors in their restructuring efforts. The
Debtors tapped Zolfo Cooper, LLC, as restructuring advisor; and
Kurtzman Carson Consultants LLC serves as notice and claims agent.
SSG Capital Advisors LLC serves as investment banker.

Lowenstein Sandler PC from Roseland, New Jersey, represents the
Official Committee of Unsecured Creditors.

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

In April 2012, Hopkins Manufacturing Corp. acquired the assets of
Blitz USA's unit, F3 Brands LLC, a major manufacturer of oil
drains, drain pans, lifting aids and automotive ramps. Blitz USA
said in court documents the sale netted the Debtors $14.6 million,
which was applied against secured debt.

Blitz announced in June it would abandon its efforts to reorganize
and instead to shut down operations by the end of July. In
September, the Troubled Company Reporter, citing Sheila Stogsdill
at Tulsa World, reported that the Bankruptcy Court approved a $9.5
million offer from Toronto, Canada-based Scepter Corporation to
purchase Blitz USA, according to Philip Monckton, Scepter's vice
president of sales and marketing. Scepter bought land, equipment
and other assets. Scepter supplies about 20% of the USA market
with gas cans. The report said the sale was to become final on
Sept. 28, 2012.


BLITZ USA: Net Loss Drops to $151,008 at June 30
------------------------------------------------
Blitz U.S.A., Inc., et al., on July 12, 2013, filed its monthly
operating report for the month ended June 30, 2013.

The Debtor reported a net loss of $151,008 on net revenues of
$1,312 for June, as compared to a $632,035 net loss in May.

As of June 30, 2013, the Debtor had total assets of $417,008,
total liabilities of $42.01 million, and total stockholders'
deficit of $41.58 million.

For the month of June, the Debtor had $1,312 total cash receipts
and total disbursements of $152,318.

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

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

                         About Blitz U.S.A.

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

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

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

Daniel J. DeFranceschi, Esq., at Richards, Layton & Finger,
represents the Debtors in their restructuring efforts. The
Debtors tapped Zolfo Cooper, LLC, as restructuring advisor; and
Kurtzman Carson Consultants LLC serves as notice and claims agent.
SSG Capital Advisors LLC serves as investment banker.

Lowenstein Sandler PC from Roseland, New Jersey, represents the
Official Committee of Unsecured Creditors.

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

In April 2012, Hopkins Manufacturing Corp. acquired the assets of
Blitz USA's unit, F3 Brands LLC, a major manufacturer of oil
drains, drain pans, lifting aids and automotive ramps. Blitz USA
said in court documents the sale netted the Debtors $14.6 million,
which was applied against secured debt.

Blitz announced in June it would abandon its efforts to reorganize
and instead to shut down operations by the end of July. In
September, the Troubled Company Reporter, citing Sheila Stogsdill
at Tulsa World, reported that the Bankruptcy Court approved a $9.5
million offer from Toronto, Canada-based Scepter Corporation to
purchase Blitz USA, according to Philip Monckton, Scepter's vice
president of sales and marketing. Scepter bought land, equipment
and other assets. Scepter supplies about 20% of the USA market
with gas cans. The report said the sale was to become final on
Sept. 28, 2012.


EDISON MISSION: Lists $42.46 Million Net Loss at June 30
--------------------------------------------------------
Edison Mission Energy, et al., on July 22, 2013, filed its monthly
operating report for the month ended June 30, 2013.

The Debtor reported a net loss of $42.46 million on operatinsg
revenues of $72.8 million for June.

As of June 30, 2013, the Debtor had total assets of $11.8 billion,
total liabilities of $5.76 billion, and total stockholders' equity
of $6.05 billion.

For June, the Debtor had total receipts of $93.12 million and
total disbursements of $112.14 million.

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

           http://bankrupt.com/misc/1034_EDISON_MOR.pdf

                       About Edison Mission

Santa Ana, California-based Edison Mission Energy is a holding
company whose subsidiaries and affiliates are engaged in the
business of developing, acquiring, owning or leasing, operating
and selling energy and capacity from independent power production
facilities.  EME also engages in hedging and energy trading
activities in power markets through its subsidiary Edison Mission
Marketing & Trading, Inc.

EME was formed in 1986 and is an indirect subsidiary of Edison
International.  Edison International also owns Southern California
Edison Company, one of the largest electric utilities in the
United States.

EME and its affiliates sought Chapter 11 protection (Bankr. N.D.
Ill. Lead Case No. 12-49219) on Dec. 17, 2012.

EME has reached an agreement with the holders of a majority of
EME's $3.7 billion of outstanding public indebtedness and its
parent company, Edison International EIX, that, pursuant to a plan
of reorganization and pending court approval, would transition
Edison International's equity interest to EME's creditors, retire
existing public debt and enhance EME's access to liquidity.

The Company's balance sheet at Sept. 30, 2012, showed
$8.17 billion in total assets, $6.68 billion in total liabilities
and $1.48 billion in total equity.

In its schedules, Edison Mission Energy disclosed total assets of
assets of $5,721,559,170 and total liabilities of $6,202,215,094
as of the Petition Date.

Kirkland & Ellis LLP is serving as legal counsel to EME, Perella
Weinberg Partners, LP is acting as financial advisor and McKinsey
Recovery & Transformation Services U.S., LLC is acting as
restructuring advisor.  GCG, Inc., is the claims and notice agent.

An official committee of unsecured creditors has been appointed in
the case and is represented by the law firms Akin Gump and Perkins
Coie.  The Committee also has tapped Blackstone Advisory Partners
as investment banker and FTI Consulting as financial advisor.

EME said it doesn't plan to emerge from Chapter 11 until December
2014 to receive benefits from a tax-sharing agreement with parent
Edison International Inc.


FIRST REGIONAL: Incurs $56,000 Net Loss in June
-----------------------------------------------
First Regional Bancorp filed with the U.S. Securities and Exchange
Commission its monthly operating report for June 2013.

The Company reported a net loss of $56,190 on $0 of revenue for
the month.  As of June 30, 2013, the Company had $951,931 in total
assets, $97.61 million in total liabilities and a $96.66 million
in total deficit.

At the beginning of the month, the Company had $191,122 in cash.
The Debtor $0 total cash receipts and $14,190 of total
disbursements for the the period.  At June 30, 2013, the Company
had $176,931 in cash.

A copy of the monthly operating report is available at:

                        http://is.gd/HUtqNm

                    About First Regional Bancorp

First Regional Bancorp (NASDAQ-GSM: FRGB) is the bank holding
company for First Regional Bank, Los Angeles, California.
First Regional Bank was closed at the end of January 2010 by the
California Department of Financial Institutions, which appointed
the Federal Deposit Insurance Corporation as receiver.

First Regional Bancorp filed for Chapter 11 protection
(Bankr. C.D. Calif. Case No. 12-31372) on June 19, 2012.

Jon L Dalberg, Esq., at Landau Gottfried & Berger LLP, represents
the Debtor in its Chapter 11 case.

The Debtor estimated assets of $1 million to $10 million and
debts of $100 million to $500 million in its Chapter 11 petition.


IRWIN MORTGAGE: Has $4.68 Million Cash Balance at June 28
---------------------------------------------------------
Irwin Mortgage Corporation, on July 16, 2013, filed its monthly
operating report for the period ended June 28, 2013.

At the beginning of June, Irwin Mortgage had $4.77 million in
cash.  The Debtor had total cash receipts of $495 and total cash
disbursements of $95,565.  As a result, at the end of June, the
Debtor had total cash of $4.68 million.

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

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

                       About Irwin Mortgage

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

Irwin Mortgage filed for Chapter 11 bankruptcy (Bankr. S.D. Ohio
Case No. 11-57191) on July 8, 2011.  Judge Charles M. Caldwell
presides over the case.  In its petition, the Debtor estimated
assets of $10 million to $50 million, and debts of $50 million to
$100 million.  The petition was signed by Fred C. Caruso,
president.  In its schedules, the Debtor disclosed $25,661,329
in assets and $219,353,376 in liabilities.

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


K-V PHARMACEUTICAL: K-V Discovery Posts $6.78MM Net Loss
--------------------------------------------------------
K-V Discovery Solutions, Inc., et al., on July 15, 2013, filed its
monthly operating report for the period ended June 30, 2013.

The Debtors' consolidated statement of operations showed a net
loss from continuing operations of $6.78 million on $8.58 million
of net revenues for the month.

As of June 30, 2013, the Debtors had $214.56 million in total
assets, $711.04 million in total liabilities, and a $496.47
million total shareholders' deficit.

The Debtors had total cash receipts of $13.42 million and total
cash disbursements of $12.99 million.

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

          http://bankrupt.com/misc/K-V_PHARMA_junemor.pdf

                    About K-V Pharmaceutical

K-V Pharmaceutical Company (NYSE: KVa/KVb) --
http://www.kvpharmaceutical.com/-- is a fully integrated
specialty pharmaceutical company that develops, manufactures,
markets, and acquires technology-distinguished branded and
generic/non-branded prescription pharmaceutical products.  The
Company markets its technology distinguished products through
ETHEX Corporation, a subsidiary that competes with branded
products, and Ther-Rx Corporation, the company's branded drug
subsidiary.

K-V Pharmaceutical Company and certain domestic subsidiaries on
Aug. 4, 2012, filed voluntary Chapter 11 petitions (Bankr.
S.D.N.Y. Lead Case No. 12-13346, under K-V Discovery Solutions
Inc.) to restructure their financial obligations.

K-V employed Willkie Farr & Gallagher LLP as bankruptcy counsel,
Williams & Connolly LLP as special litigation counsel, and SNR
Denton as special litigation counsel.  In addition, K-V tapped
Jefferies & Co., Inc., as financial advisor and investment banker.
Epiq Bankruptcy Solutions LLC is the claims and notice agent.

The U.S. Trustee appointed five members to serve in the Official
Committee of Unsecured Creditors.  Kristopher M. Hansen, Esq.,
Erez E. Gilad, Esq., and Matthew G. Garofalo, Esq., at Stroock &
Stroock & Lavan LLP, represent the Creditors Committee.

Weil, Gotshal & Manges LLP's Robert J. Lemons, Esq., and Lori R.
Fife, Esq., represent an Ad Hoc Senior Noteholders Group.


LIGHTSQUARED INC: Ends June with $122.52 Million Cash Balance
-------------------------------------------------------------
LightSquared Inc., et al., filed on July 15, 2013, a monthly
operating report for the month ended June 30, 2013.

The Company reported a net loss of $48.97 million on net revenue
of $2.62 million for June.

As of June 30, 2013, the Company had total assets of
$3.82 billion, total liabilities of $2.75 billion, and total
stockholders' equity of $1.07 billion.

At the beginning of the month, LightSquared had $130.31 million in
cash.  The Company had total cash receipts of $8.04 million and
total cash disbursements of $15.83 million.  As a result, at the
end of June, the Company had total cash of $122.52 million.

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

        http://bankrupt.com/misc/740_LIGHTSQUAREedmor.pdf

                      About LightSquared Inc.

LightSquared Inc. and 19 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. S.D.N.Y. Lead Case No. 12-12080) on
May 14, 2012, to resolve regulatory issues that have prevented it
from building its coast-to-coast integrated satellite 4G wireless
network.

LightSquared had invested more than $4 billion to deploy an
integrated satellite-terrestrial network.  In February 2012,
however, the U.S. Federal Communications Commission told
LightSquared the agency would revoke a license to build out the
network as it would interfere with global positioning systems used
by the military and various industries.  In March 2012, the
Company's partner, Sprint, canceled a master services agreement.
LightSquared's lenders deemed the termination of the Sprint
agreement would trigger cross-defaults under LightSquared's
prepetition credit agreements.

LightSquared and its prepetition lenders attempted to negotiate a
global restructuring that would provide LightSquared with
liquidity and runway necessary to resolve its issues with the FCC.
Despite working diligently and in good faith, however,
LightSquared and the lenders were not able to consummate a global
restructuring on terms acceptable to all interested parties.

Lawyers at Milbank, Tweed, Hadley & McCloy LLP serve as counsel to
the Debtors.  Alvarez & Marsal North America, LLC, is the
financial advisor.  Kurtzman Carson Consultants LLC serves as
claims and notice agent.


METRO FUEL: Reports $55.45 Million Stockholders Deficit for May
---------------------------------------------------------------
Metro Fuel Oil Corp., et al., on June 20, 2013, filed its monthly
operating report for the month ended May 31, 2013.

The Debtor posted a net income of $11,530 for the month ended
May 31, 2013.

As of May 31, 2013, the Debtor had total assets of $18.24 million,
total liabilities of $73.69 million, and total stockholders'
deficit of $55.45 million.

At the beginning of May, Metro Fuel had a beginning book cash
balance of $17.77 million.  The Debtor had cash receipts of
$460,981 and cash disbursements of $545,576.  As a result, at
the end of May, Metro Fuel had an ending book cash balance of
$17.69 million.

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

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

                          About Metro Fuel

Metro Fuel Oil Corp., is a family-owned energy company, founded in
1942, that supplies and delivers bioheat, biodiesel, heating oil,
central air conditioning units, ultra low sulfur diesel fuel,
natural gas and gasoline throughout the New York City metropolitan
area and Long Island.  Owned by the Pullo family, Metro has 55
delivery trucks and a 10 million-gallon fuel terminal in Brooklyn.

Financial problems resulted in part from cost overruns in building
an almost-complete biodiesel plant with capacity of producing 110
million gallons a year.

Based in Brooklyn, New York, Metro Fuel Oil Corp., fka Newtown
Realty Associates, Inc., and several of its affiliates filed for
Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Lead Case No.
12-46913) on Sept. 27, 2012.  Judge Elizabeth S. Stong presides
over the case.  Nicole Greenblatt, Esq., at Kirkland & Ellis LLP,
represents the Debtor.  The Debtor selected Epiq Bankruptcy
Solutions LLC as notice and claims agent.  Th Debtor tapped Carl
Marks Advisory Group LLC as financial advisor and investment
banker, Curtis, Mallet-Prevost, Colt & Mosle LLP as co-counsel, AP
Services, LLC as crisis managers for the Debtors, and appoint
David Johnston as their chief restructuring officer.

The petition showed assets of $65.1 million and debt totaling
$79.3 million.  Liabilities include $58.8 million in secured debt,
with $48.3 million owing to banks and $10.5 million on secured
industrial development bonds.  Metro Terminals Corp., affiliate of
Metro Fuel Oil Corp., disclosed $38,613,483 in assets and
$71,374,410 in liabilities as of the Chapter 11 filing.

The U.S. Trustee appointed seven-member creditors committee.
Kelley Drye & Warren LLP represents the Committee.  The Committee
tapped FTI Consulting, Inc. as its financial advisor.

On Feb. 15, 2015, the Bankruptcy Court entered an order approving
the sale of substantially all of the assets of the Debtors to
United Refining Energy Corp., and its assignees and designees for
the Base Purchase Price of $27,000,000, as adjusted prior to the
Closing, and as further adjusted by the payments contemplated by
Section 2.7(d) of the APA.


NORTHSTAR AEROSPACE: Ends June with $574,000 Cash
-------------------------------------------------
Northstar Aerospace (USA) Inc., now known as NSA (USA) Liquidating
Corp., et al., on July 19, 2013, filed its monthly operating
report for the month ended June 2013.

At June 1, the Company had a beginning cash balance of $604,000.
For the reporting period, it had total operating receipts of
$2,000, total cash disbursements of $18,000, and total
restructuring costs of $14,000.  As a result, at the end of June,
the Company had total cash of $574,000.

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

          http://bankrupt.com/misc/629_NORTHSTAR_MOR.pdf

                     About Northstar Aerospace

Chicago, Illinois-based Northstar Aerospace --
http://www.nsaero.com/-- is an independent manufacturer of flight
critical gears and transmissions.  With operating subsidiaries in
the United States and Canada, Northstar produces helicopter gears
and transmissions, accessory gearbox assemblies, rotorcraft drive
systems and other machined and fabricated parts.  It also provides
maintenance, repair and overhaul of components and transmissions.
Its plants are located in Chicago, Illinois; Phoenix, Arizona and
Milton and Windsor, Ontario.  Northstar employs over 700 people
across its operations.

Northstar Aerospace, along with affiliates, filed for Chapter 11
protection (Bankr. D. Del. Lead Case No. 12-11817) in Wilmington,
Delaware, on June 14, 2012, to sell its business to affiliates of
Wynnchurch Capital, Ltd., absent higher and better offers.

The names of the Debtors were changed as contemplated by the
approved sale transaction.

Attorneys at SNR Denton US LLP and Bayard, P.A. serve as counsel
to the Debtors.  The Debtors have obtained approval to hire Logan
& Co. Inc. as the claims and notice agent.

Certain Canadian affiliates are also seeking protection pursuant
to the Companies' Creditors Arrangement Act, R.S.C.1985, c. C-36,
as amended.

As of March 31, 2012, Northstar disclosed total assets of
$165.1 million and total liabilities of $147.1 million.  About 60%
of the assets and business are with the U.S. Debtors.


RAPID-AMERICAN CORP: Ends June with $4 Million Cash
---------------------------------------------------
Rapid-American Corporation, on July 10, 2013, filed its monthly
operating report for the month ended June, 2013.

As of start of the month, the Company had $4.39 million cash.  It
spent $388,624 in expenses.  Thus, for the end of June, the
Company had total cash of $4 million.

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

             http://bankrupt.com/misc/99_RAPID_mor.pdf

                    About Rapid-American Corp.

Rapid-American Corp. filed for bankruptcy protection in Manhattan
(Bankr. S.D.N.Y. Case No. 13-10687) on March 8, 2013, to deal with
debt related to asbestos personal-injury claims.

New York-based Rapid-American was formerly a holding company with
subsidiaries primarily engaged in retail sales and consumer
products and was never engaged in an asbestos business of any
kind.  Through a series of merger transactions going back more
than 45 years, Rapid has nevertheless incurred successor liability
for personal injury claims arising from plaintiffs' exposure to
asbestos-containing products sold by The Philip Carey
Manufacturing Company -- Old Carey -- as that entity existed prior
to June 1, 1967.

Attorneys at Reed Smith LLP serve as counsel to the Debtor.

The Debtor disclosed assets in excess of $4,446,261 and unknown
liabilities.

The Official Committee of Unsecured Creditors retained Caplin &
Drysdale, Chartered, as counsel.


REVSTONE INDUSTRIES: Lists $5.10 Million Net Loss at June 1
-----------------------------------------------------------
Revstone Industries, LLC, on July 11, 2013, filed its monthly
operating report for the period between May 5 and June 1, 2013.

The Company reported a net loss of $5.10 million on management fee
and shared service revenues of $494,230 for the period ended
June 1, 2013.

As of June 1, 2013, the Company had total assets of
$77.78 million, total liabilities of $108.66 million and total
stockholders' deficit of $30.88 million.

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

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

          About Revstone Industries, Greenwood Forgings,
                      & US Tool & Engineering

Lexington, Kentucky-based Revstone Industries LLC, a maker of
truck parts, filed for Chapter 11 bankruptcy (Bankr. D. Del. Case
No. 12-13262) on Dec. 3, 2012.  Judge Brendan Linehan Shannon
oversees the case.  In its petition, Revstone estimated under
$50 million in assets and debts.

Affiliate Spara LLC filed its Chapter 11 petition (Bankr. D. Del.
Case No. 12-13263) on Dec. 3, 2012.

Lexington-based Greenwood Forgings, LLC (Bankr. D. Del. Case No.
13-10027) and US Tool & Engineering LLC (Bankr. D. Del. Case No.
13-10028) filed separate Chapter 11 petitions on Jan. 7, 2013.
Judge Shannon also oversees the cases.

A motion for joint administration of the cases has been filed.

Duane David Werb, Esq., at Werb & Sullivan, serves as bankruptcy
counsel to Greenwood and US Tool.  Greenwood estimated $1 million
to $10 million in assets and $10 million to $50 million in debts.
US Tool & Engineering estimated under $1 million in assets and
$1 million to $10 million in debts.  The petitions were signed by
George S. Homeister, chairman.


TOUSA INC: Reports $1.58 Billion Stockholders Deficit for June
--------------------------------------------------------------
Tousa Inc., on July 18, 2013, filed its monthly operating report
for the month ended June 30, 2013.

The Company posted net loss of $1.65 million for the month ended
June 30, 2013.

As of June 30, 2013, the Company had total assets of
$335.91 million, total liabilities of $1.92 billion, and total
stockholders' deficit of $1.58 billion.

At the beginning of June, the Company had $306.56 million in cash.
Tousa had total cash receipts of $431,409 and total cash
disbursements of $2.1 million.  As a result, at the end of June,
the Company had total cash of $304.88 million.

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

            http://bankrupt.com/misc/9365_TOUSA_MOR.pdf

                         About TOUSA Inc.

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

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

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

Daniel H. Golden, Esq., and Philip C. Dublin, Esq., at Akin Gump
Strauss Hauer & Feld LLP, in New York, N.Y., represent the
creditors committee.

The unsecured creditors committee initially proposed a chapter 11
liquidating plan for Tousa.  However, the committee decided not to
pursue approval of its liquidation plan because of a pending
appeal of its fraudulent transfer action in the U.S. Court of
Appeals for the Eleventh Circuit.  In May 2012, the Court of
Appeals in Atlanta held that Tousa's bank lenders received
fraudulent transfers exceeding $400 million.

After mediation before Peter L. Borowitz, Tousa and the unsecured
creditors committee, MatlinPatterson Global Advisers and Monarch
Alternative Capital, as investment adviser to Monarch Master
Funding, collectively reached an agreement in principle on a
settlement proposal.  The proposal would form the foundation for a
joint bankruptcy-exit plan for the Debtors.

In May 2013, Tousa and the unsecured creditors committee filed a
proposed liquidating Chapter 11 plan.

On July 12, 2013, Tousa won court approval of a $67 million
settlement with several insurance companies allowing the Debtors
to proceed with an Aug. 1 hearing to confirm the plan.  The
dispute with the insurance companies involved the pre-bankruptcy
fraudulent transfers.  The insurance companies included Federal
Insurance Co., XL Specialty Insurance Co. and Zurich American
Insurance Co.

According to Bloomberg News, in settlement, the insurance
companies will pay $67 million, with $47.9 million going to
creditors of the Tousa companies that were forced to take on debt
improperly.  The first-lien lenders receive $7.66 million, while
second-lien lenders take home $11.5 million.  Some of the
insurance companies also pay $8.27 million of the directors' and
officers' defense costs.

Bloomberg relates Tousa's Chapter 11 plan has recoveries ranging
from 58 percent for senior noteholders to 5 percent for creditors
with general unsecured claims.  The plan was the result of the
decision from the appeals court in May 2012 finding banks received
fraudulent transfers exceeding $400 million.  The opinion
reinstated a ruling by U.S. Bankruptcy Judge John K. Olson which
had been set aside on the first appeal in federal district court.


TPO HESS: Posts $348.4 Million Net Loss at May 31
-------------------------------------------------
TPO Hess Holdings Inc., et al., on July 1, 2013, filed its monthly
operating report for the period from May 22, 2013 to May 31,
2013.

The Debtor reported a net loss of $348.4 million for the period
ended May 31, 2013.

As of May 22, 2013, the Debtor had total assets of $35.38 million,
total liabilities of $110.68 million, and total stockholders'
deficit of $75.3 million.

At May 22, the Debtor had $706,155 in cash.  TPO Hess had total
cash receipts of $3.53 million and total cash disbursements of
$3.57 million.  As a result, at the end of May, the Debtor had
total cash of $623,266.

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

             http://bankrupt.com/misc/148_TPOmor.pdf

                         About TPO Hess

Commercial and educational printer TPO Hess Holdings Inc., D.B.
Hess Co., The Press of Ohio and other affiliates sought Chapter 11
protection (Bankr. D. Del. Case No. 13-11327) on May 22, 2013, to
seek approval of a liquidation plan that contemplates the sale of
the business to Bang Printing of Ohio Inc., absent higher and
better offers.

D.B. Hess was founded 1797 in Woodstock, Illinois.  D.B. Hess and
its affiliates are now leading provider of print, related
services, and technology.  Hess ranks among the top 50 U.S.
printers and has become one of the industry's most respected low-
to-medium volume producers of commercial and educational
materials. Hess Holdings, the ultimate parent, was formed after
Wellspring Capital Management LLC and certain co-investors
acquired D.B. Hess and The Press of Ohio in 2006.

General Electric Capital Corp., already owed $13.4 million on a
prepetition revolving credit, is financing the Chapter 11 effort.


TRINITY COAL: Ends May with $511,313 Cash
-----------------------------------------
Trinity Coal Corporation, on June 28, 2013, filed its monthly
operating report for the month ended May 31, 2013.

The Company posted a net loss of $3.83 million on net revenue of
$3.96 million for the month ended May 31, 2013.

As of May 31, 2013, the Company had total assets of
$570.36 million, total liabilities of $432.66 million and total
stockholders' equity of $137.7 million.

The Company had a $1.91 million beginning cash balance and a
$511,313 ending cash balance.

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

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

                        About Trinity Coal

Trinity Coal Corp. is a coal mining company that owns coal
deposits located in the Appalachian region of the eastern United
States, specifically, in Breathitt, Floyd, Knott Magoffin, and
Perry Counties in eastern Kentucky and in Boone, Fayette, Mingo,
McDowell and Wyoming Counties in West Virginia.

Trinity's coal mining operations are organized into six distinct
coal mining complexes. Three complexes are located in Kentucky and
are referred to as Prater Branch Resources, Little Elk Mining and
Levisa Fork.  The Kentucky Operations produced compliance and low
sulfur steam coal.  Three complexes are located in West Virginia
and are referred to as Deep Water Resources, North Springs
Resources and Falcon Resources.

Trinity is a wholly owned subsidiary of privately held
multinational conglomerate Essar Global Limited.

Credit Agricole Corporate & Investment Bank, ING Capital LLC and
Natixis, New York Branch filed an involuntary petition for relief
under Chapter 11 against Trinity Coal Corporation and 15
affiliates (Bankr. E.D. Ky. Lead Case No. 13-50364).  The three
entities say they are owed a total of $104 million on account
loans provided to Trinity.

On Feb. 14, 2013, Austin Powder Company, Whayne Supply Company and
Cecil I. Walker Machinery Co. filed an involuntary petition for
relief under Chapter 11 (Bankr. E.D. Ky. Case No. 13-50335)
against Frasure Creek Mining, LLC.  On Feb. 19, 2013, Credit
Agricole, ING Capital and Natixis joined as petitioning creditors.

On March 4, 2013, the Debtors filed their consolidated answer to
involuntary petitions and consent to an order for relief and
reservation of rights, thereby consenting to the entry of an order
for relief in each of their respective Chapter 11 cases.  An order
for relief in each of the Debtors was entered by the Court on
March 4, 2013, which converted the involuntary cases to voluntary
Chapter 11 cases.  Sturgill, Turner, Barker & Moloney, PLLC serves
as the Committee's local counsel.


YARWAY CORPORATION: Lists $4.79 Million Net Loss for June
---------------------------------------------------------
Yarway Corporation, on July 19, 2013, filed its monthly operating
report for the month ended June 2013.

The Debtor reported a net loss of $4.79 million in June.

As of June 2013, the Debtor had total assets of $106.56
million, total liabilities of $259.58 million, and total
stockholders' deficit of $153.02 million.

At the beginning of the period, the Debtor had $14.26 million in
cash.  Yarway had zero cash receipts and zero cash disbursements.
As a result, at the end of June, the Debtor still had $14.26
million cash.

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

            http://bankrupt.com/misc/144_YARWAY_MOR.pdf

                    About Yarway Corporation

Yarway Corporation sought Chapter 11 protection (Bankr. D. Del.
Case No. 13-11025) on April 22, 2013, to deal with claims arising
from asbestos containing products it allegedly sold as early as
the 1920s.

Yarway was founded in 1908 by Robert Yarnall and Bernard Waring as
the Simplex Engineering Company and originally manufactured pipe
clamps, steam traps, valves and controls.  Based in Pennsylvania,
Yarway was a privately-owned company until 1986 when KeyStone
International, Inc. bought equity in the company.  Yarway became a
unit of Tyco International Ltd. when Tyco purchased KeyStone in
1997.

Yarway's asbestos-related liabilities derive from Yarway's (i)
purported use of asbestos-containing gaskets and packing,
manufactured by others, in its production of steam valves and
traps from the 1920s to 1970s, and (ii) alleged manufacture of
expansion joint packing that was allegedly made up of a compound
of Teflon and asbestos from the 1940s to the 1970s.

Over the past five years, about 10,021 new asbestos claims have
been asserted against Yarway, including 1,014 in Yarway's 2013
fiscal year ending March 31, 2013.

The Debtor estimated assets and debts in excess of $100 million as
of the Chapter 11 filing.

Attorneys at Cole, Schotz, Meisel, Forman & Leonard, P.A. and
Sidley Austin LLP serve as the Debtor's counsel in the Chapter 11
case.  Logan and Co. is the claims and notice agent.

On May 6, 2013, the U.S. Trustee for Region 3, appointed an
official committee of asbestos personal injury claimants.  The
Committee tapped Elihu Inselbuch, Esq. at Caplin & Drysdale,
Chartered, as lead bankruptcy counsel.



                            *********

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

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

A list of Meetings, Conferences and Seminars appears in each
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related conferences are encouraged.  Send announcements to
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On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

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interest to troubled company professionals.  All titles are
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Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

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

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

                           *********

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

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