/raid1/www/Hosts/bankrupt/TCR_Public/050716.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 16, 2005, Vol. 9, No. 167

                          Headlines

ACCEPTANCE INSURANCE: Posts $55,290 Net Loss in June 2005
ATA AIRLINES: Posts $15.1 Million Net Loss in May 2005
CATHOLIC CHURCH: Portland's May 2005 Monthly Operating Report
INTERSTATE BAKERIES: Posts $2.8 Million Net Loss in May 2005
KEYSTONE CONSOLIDATED: Posts $4.7 Million Net Loss in June 2005

KUSHNER-LOCKE: Releases February 2005 Monthly Operating Reports
KUSHNER-LOCKE: Releases March 2005 Monthly Operating Reports
KUSHNER-LOCKE: Releases April 2005 Monthly Operating Reports
MERIDIAN AUTOMOTIVE: Angola Files Schedules of Assets & Debts
MERIDIAN AUTOMOTIVE: Composites Files Schedules of Assets & Debts

MERIDIAN AUTOMOTIVE: Construction's Schedule of Assets & Debts
MERIDIAN AUTOMOTIVE: Detroit Files Schedules of Assets & Debts
MERIDIAN AUTOMOTIVE: Grand Rapids' Schedules of Assets & Debts
MERIDIAN AUTOMOTIVE: Heavy Truck Files Schedules of Assets & Debts
MERIDIAN AUTOMOTIVE: Meridian Inc.'s Schedule of Assets & Debts

MERIDIAN AUTOMOTIVE: Mexico Files Schedules of Assets & Debts
MERIDIAN AUTOMOTIVE: Shreveport Files Schedules of Assets & Debts
UAL CORP: Posts $93 Million Net Loss in May 2005


                          *********

ACCEPTANCE INSURANCE: Posts $55,290 Net Loss in June 2005
---------------------------------------------------------
On July 11, 2005, Acceptance Insurance Companies Inc., filed its
monthly operating report for June 2005 with the U.S. Bankruptcy
Court for the District of Nebraska.

The Debtor reports a $55,290 net loss on $6,257 in revenue for
June 2005.

At June 30, 2005, Acceptance Insurance Companies Inc.'s balance
sheet showed:

      Total Current Assets                   $2,756,825
      Total Assets                           32,209,825
      Total Liabilities                     138,225,266
      Total Shareholders' Equity Deficit  ($106,015,441)

A full-text copy of Acceptance Insurance Companies Inc.'s June
2005 Monthly Operating Report is available at no charge at:

      http://researcharchives.com/t/s?6f

Headquartered in Council Bluffs, Iowa, Acceptance Insurance
Companies Inc. -- http://www.aicins.com/-- owns, either directly  
or indirectly, several companies, one of which is an insurance
company that accounts for substantially all of the business
operations and assets of the corporate groups.  The Company filed
for chapter 11 protection on Jan. 7, 2005 (Bankr. D. Nebr. Case
No. 05-80059).  The Debtor's affiliates -- Acceptance Insurance
Services, Inc., and American Agrisurance, Inc. -- filed separate
chapter 7 petitions (Bankr. D. Nebr. Case Nos. 05-80056 & 05-
80058) on Jan. 7, 2005.  John J. Jolley, Esq., at Kutak Rock LLP,
represents the Debtor in its restructuring efforts.  When the
Debtor filed for protection from its creditors, it listed
$33,069,446 in total assets and $137,120,541 in total debts.


ATA AIRLINES: Posts $15.1 Million Net Loss in May 2005
------------------------------------------------------

               ATA Holdings Corp. and Subsidiaries
                     Unaudited Balance Sheet
                        As of May 31, 2005  
  
ASSETS

Current assets:
   Cash and cash equivalents                        $81,653,000
   Receivables,
     net of allowance for doubtful accounts         126,907,000
   Inventories, net                                  34,131,000
   Assets held for sale                               3,250,000
   Prepaid expenses and other current assets         32,477,000
                                                 --------------
      TOTAL CURRENT ASSETS                          278,418,000

Property and equipment:
   Flight equipment                                 173,776,000
   Facilities and ground equipment                  141,900,000
   Accumulated depreciation                        (168,791,000)
                                                 --------------
      TOTAL PROPERTY AND EQUIPMENT                  146,885,000

   Restricted cash                                   31,141,000
   Goodwill                                           6,987,000
   Prepaid aircraft rent                                187,000
   Investment in BATA                                 6,130,000
   Deposits and other assets                         25,641,000
                                                 --------------
      TOTAL ASSETS                                 $495,389,000
                                                 ==============

LIABILITIES AND SHAREHOLDERS' DEFICIT

Current liabilities:
   Short-term debt                                   41,000,000
   Accounts payable                                   4,954,000
   Air traffic liabilities                           86,098,000
   Accrued expenses                                 125,889,000
                                                 --------------
Total current liabilities                           257,941,000

Deferred items                                       33,354,000
Liabilities subject to compromise                 1,485,091,000

Commitments and contingencies

Convertible redeemable preferred stock               30,000,000

Shareholders' deficit:
   Preferred stock; authorized 9,999,200 shares               -
   Common stock, without par value;                  66,013,000
   Treasury stock                                   (24,778,000)
   Additional paid-in capital                        18,166,000
   Accumulated deficit                           (1,370,398,000)
                                                 --------------
      TOTAL SHAREHOLDERS' DEFICIT                (1,310,997,000)
                                                 --------------
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT        $495,389,000
                                                 ==============

               ATA Holdings Corp. and Subsidiaries
                    Unaudited Income Statement
                 For the Month Ended May 31, 2005

Operating revenues:
   Scheduled service                                $47,030,000
   Charter                                           33,313,000
   Ground package                                       720,000
   Other                                              2,720,000
                                                 --------------
      Total operating revenues                       83,783,000

Operating expenses:
   Salaries, wages and benefits                      24,222,000
   Fuel and oil                                      25,652,000
   Aircraft rentals                                  11,961,000
   Handling, landing and navigation fees              8,408,000
   Aircraft maintenance, materials and repairs        2,161,000
   Crew and other employee travel                     4,722,000
   Depreciation and amortization                      2,288,000
   Passenger service                                  2,913,000
   Other selling expenses                             2,054,000
   Commissions                                        1,971,000
   Facilities and other rentals                       1,727,000
   Insurance                                            843,000
   Ground package cost                                  583,000
   Advertising                                        1,370,000
   Aircraft impairments and retirements                       0
   Other                                              4,653,000
                                                 --------------
      TOTAL OPERATING EXPENSES                       95,528,000

Operating loss                                      (11,745,000)

Other income (expense):
   Interest income                                      191,000
   Interest expense                                    (504,000)
   Reorganization expenses                           (2,971,000)
   Other                                                (92,000)
                                                 --------------
   TOTAL OTHER EXPENSE                               (3,376,000)

Loss before income taxes                            (15,121,000)
   Income taxes                                               -
                                                 --------------
Net loss                                           ($15,121,000)
                                                 ==============

               ATA Holdings Corp. and Subsidiaries
                         Cash Flow Report
                 For the Month Ended May 31, 2005

Cash Flows from Operating Activities:
Net loss before reorganization expenses            ($12,150,000)

Adjustments to reconcile net loss:
   Depreciation and amortization                      2,288,000
   Other non-cash items                                (331,000)

Changes in operating assets and liabilities:
   Receivables                                      (13,688,000)
   Inventories                                        2,161,000
   Prepaid expenses                                   7,521,000
   Accounts payable                                  (1,532,000)
   Air traffic liabilities                           10,694,000
   Liabilities subject to compromise                 (2,313,000)
   Accrued expenses                                   2,168,000
                                                 --------------
NET CASH (USED IN) OPERATING ACTIVITIES              (5,182,000)

Cash Flows from Reorganization Activities:
   Reorganization items, net                         (2,971,000)
   Prepaid expenses                                     196,000
   Liabilities subject to compromise                  2,103,000
   Accrued expenses                                     146,000
   Other non-cash items                                (438,000)
                                                 --------------
NET CASH (USED IN) REORGANIZATION ACTIVITIES           (964,000)

Cash Flows from Investing Activities:
   Capital expenditures                                (660,000)
   Noncurrent prepaid aircraft rent                      17,000
   (Additions) reductions to other assets              (348,000)
   Proceeds from sales of property and equipment        688,000
                                                 --------------
NET CASH (USED IN) INVESTING ACTIVITIES                (303,000)

Cash Flows from Financing Activities:
   Increase in restricted cash                         (590,000)
                                                 --------------
NET CASH PROVIDED BY FINANCING ACTIVITIES              (590,000)
                                                 --------------
Decrease in cash and cash equivalents                (7,039,000)

Cash and cash equivalents, beginning of period       88,692,000
                                                 --------------
Cash and cash equivalents, end of period            $81,653,000
                                                 ==============

Headquartered in Indianapolis, Indiana, ATA Airlines, owned by ATA
Holdings Corp. -- http://www.ata.com/-- is the nation's 10th  
largest passenger carrier (based on revenue passenger miles) and
one of the nation's largest low-fare carriers.  ATA has one of the
youngest, most fuel-efficient fleets among the major carriers,
featuring the new Boeing 737-800 and 757-300 aircraft.  The
airline operates significant scheduled service from Chicago-
Midway, Hawaii, Indianapolis, New York and San Francisco to over
40 business and vacation destinations.  Stock of parent company,
ATA Holdings Corp., is traded on the Nasdaq Stock Exchange.  The
Company and its debtor-affiliates filed for chapter 11 protection
on Oct. 26, 2004 (Bankr. S.D. Ind. Case Nos. 04-19866, 04-19868
through 04-19874).  Terry E. Hall, Esq., at Baker & Daniels,
represents the Debtors in their restructuring efforts.  When the
Debtors filed for protection from their creditors, they listed
$745,159,000 in total assets and $940,521,000 in total debts.  
(ATA Airlines Bankruptcy News, Issue No. 28; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


CATHOLIC CHURCH: Portland's May 2005 Monthly Operating Report
-------------------------------------------------------------
The Archdiocese of Portland in Oregon did not attach a Statement
of Cash Receipts and Disbursements in its May 2005 monthly
operating report filed with the U.S. Bankruptcy Court for the
Eastern District of Oregon.

                         Pastoral Center
                Archdiocese of Portland in Oregon
                 Statement of Financial Position
                      As of May 31, 2005

ASSETS

Cash and cash equivalents                           $15,295,099
Accounts receivable, net                                943,799
Notes, estates and other receivables                 11,488,187
Loans receivable from Archdiocesan entities, net     10,758,968
Loans receivable from Archdiocesan housing entities     519,684
Interest receivable and other assets                    195,367
Inventories                                           1,481,220
Real Property                                           226,689
Deposits and prepaid expenses                           410,477
Investments                                          89,636,688
Advances to Archdiocesan housing entities             1,640,000
Land, buildings, and equipment, net                   8,236,258
                                                 --------------
Total Assets                                       $140,832,436
                                                 ==============

LIABILITIES AND NET ASSETS

Liabilities:
   Prepetition
      Accounts payable                                 $777,185
      Accrued liabilities                             2,241,222
      Funds held for others
         Second Collections                               9,025
         Short-term investments payable              18,544,168
         Long-term pool investments payable          19,778,530
      Reserve for insurance claims                    2,343,946
      Notes payable                                  11,168,815
      Pre-need liability and reserve                    456,268
      Accrued port-retirement liability               7,607,264
                                                 --------------
   Total Prepetition Liabilities                     62,926,423
                                                 --------------
   Postpetition
      Accounts payable                                  419,121
      Accrued liabilities                             4,572,513
      Funds held for others
         Second Collections                             344,888
         Short-term investments payable               1,734,229
         Long-term pool investments                   2,199,691
      Reserve for insurance claims                            -
      Notes payable                                           -
      Pre-need liability and reserve                     18,465
      Accrued port-retirement liability                       -
                                                 --------------
   Total Postpetition Liabilities                     9,288,907
                                                 --------------
     Total Liabilities                               72,215,330
                                                 --------------

Net Assets:
   Prepetition Net Assets:
      Charitable Trust Assets                        69,695,347
      Other Assets                                   (3,263,122)
                                                 --------------
   Total Prepetition Net Assets                      66,432,225
                                                 --------------

   Postpetition Net Assets:
      Charitable Trust Assets                           443,786
      Other Assets                                    1,741,095
                                                 --------------
   Total Postpetition Net Assets                      2,184,881
                                                 --------------
      Total Net Assets                               68,617,106
                                                 --------------
Total liabilities & net assets                     $140,832,436
                                                 ==============

                         Pastoral Center
                Archdiocese of Portland in Oregon
                     Statement of Activities
               For the month ending May 31, 2005

Revenues, gains and other support
   Annual Catholic Appeal income                         $7,793
   Gross profit on cemetery sales                        78,829
   Contributions, gifts, annuities and bequests          95,781
   Operating support - Oregon Catholic Press                  -
   Investment income and realized gains (losses),
      net of expenses                                   451,789
   Change in unrealized losses                        1,571,926
   Insurance premiums, net                                1,068
   Interest income from loans                            38,794
   Parish assessments                                   241,023
   Other income                                          48,487
   Departmental revenues                                 14,009
   Net assets released from restrictions                      -
                                                 --------------
   Total revenues, gains, and other support           2,549,499
                                                 --------------

Expenses and program support:
   Program Services:
      Annual Catholic Appeal program support,
         grants and parish subsidies                    212,721
      Clergy Services                                    43,886
      Catholic Schools                                   32,814
      Pastoral Services                                  50,668
      Evangelization Services                            52,748
      Public Services                                     8,975
      Tribunal Services                                  19,980
      Deposit and loan interest                         170,263
      Insurance program                                 162,007
      Cemetery operating expenses                        72,815
      High School grants/charitable annuities             6,576
      Other program expenses                            138,297
                                                 --------------
         Total program services                         971,750
                                                 --------------
   Supporting Services:
      Archbishop, Vicar General
         and Chancellor Services                         54,569
      Finance & Administration:
         Resource Development                            52,693
         Business Affairs                                11,333
         Financial Services                              63,938
      Human Resources                                    25,082
      Shared Services                                    23,449
      Occupancy and physical plant expenses               9,858
      Designated funds expense                           36,414
      Bankruptcy expense                                258,251
      Depreciation expense                                    -
                                                 --------------
         Total supporting services                      535,587
                                                 --------------
         Total expenses and program support           1,507,337
                                                 --------------
Increase (decrease) in net assets before
   transfers and designations of net assets           1,042,162

Fund transfers - in (out)                                     -

Designation of net assets                                     -
                                                 --------------
Increase (decrease) in net assets                     1,042,162

Net assets at beginning of year                      67,574,944
                                                 --------------
Net assets at end of year                           $68,617,106
                                                 ==============

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

      http://bankrupt.com/misc/portland_may2005_mor.pdf

The Archdiocese of Portland in Oregon filed for chapter 11
protection (Bankr. Ore. Case No. 04-37154) on July 6, 2004.  
Thomas W. Stilley, Esq., and William N. Stiles, Esq., at Sussman
Shank LLP, represent the Portland Archdiocese in its restructuring
efforts.  In its Schedules of Assets and Liabilities filed with
the Court on July 30, 2004, the Portland Archdiocese reports
$19,251,558 in assets and $373,015,566 in liabilities.  (Catholic  
Church Bankruptcy News, Issue No. 33; Bankruptcy Creditors'  
Service, Inc., 215/945-7000)


INTERSTATE BAKERIES: Posts $2.8 Million Net Loss in May 2005
------------------------------------------------------------

          Interstate Bakeries Corporation and Subsidiaries
           Unaudited Consolidated Monthly Operating Report
                   Four Weeks Ended May 28, 2005

REVENUE

Gross Income                                       $272,061,935
Less Cost of Goods Sold
    Ingredients, Packaging, & Outside Purchasing     64,751,775
    Direct & Indirect Labor                          47,971,914
    Overhead & Production Administration             15,599,949
                                                   ------------
    Total Cost of Goods Sold                        128,323,639
                                                   ------------
       Gross Profit                                $143,738,296
                                                   ------------

OPERATING EXPENSES

Owner-Draws/Salaries                                          -
Selling & Delivery Employee Salaries                $64,613,881
Advertising and Marketing                             1,616,178
Insurance (Property, Casualty, & Medical)            12,811,097
Payroll Taxes                                         4,489,288
Lease and Rent                                        4,204,108
Telephone and Utilities                               1,251,813
Corporate Expense (Including Salaries)                8,049,535
Other Expenses                                       33,653,131
                                                   ------------
    Total Operating Expenses                       $130,689,030
                                                   ------------
EBITDA                                              $13,049,266

Restructuring & Reorganization Charges                3,939,269
Depreciation and Amortization                         8,882,589
Other Income                                            (45,800)
Gain/Loss Sale of Property                             (375,075)
Interest Expense                                      3,339,304
                                                   ------------
Operating Income (Loss)                              (2,691,021)
Income Tax Expense (Benefit)                             67,774
                                                   ------------
Net Income (Loss)                                   ($2,758,795)
                                                   ============

CURRENT ASSETS
    Accounts Receivable at end of period           $178,464,594
    Increase (Decrease) in Accounts Receivable       (1,501,550)
    Inventory at end of period                       70,196,754
    Increase (Decrease) in Inventory for period      (2,223,336)
    Cash at end of period                           135,587,636
    Increase (Decrease) in Cash for period           13,994,212

LIABILITIES
    Increase (Decrease) in Liabilities
       Not Subject to Compromise                      5,870,449
    Increase (Decrease) in Liabilities
       Subject to Compromise                            254,178
    Taxes payable:
       Federal Payroll Taxes                         11,980,075
       State/Local Payroll Taxes                      2,767,520
       State Sales Taxes                                948,282
       Real Estate and Personal Property Taxes       15,143,958
       Other                                          4,947,626
                                                   ------------
       Total Taxes Payable                          $35,787,461
                                                   ============

Headquartered in Kansas City, Missouri, Interstate Bakeries
Corporation is a wholesale baker and distributor of fresh baked
bread and sweet goods, under various national brand names,
including Wonder(R), Hostess(R), Dolly Madison(R), Baker's Inn(R),
Merita(R) and Drake's(R).  The Company employs approximately
32,000 in 54 bakeries, more than 1,000 distribution centers and
1,200 thrift stores throughout the U.S.

The Company and seven of its debtor-affiliates filed for chapter
11 protection on September 22, 2004 (Bankr. W.D. Mo. Case No.
04-45814). J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in
their restructuring efforts.  When the Debtors filed for
protection from their creditors, they listed $1,626,425,000 in
total assets and $1,321,713,000 (excluding the $100,000,000 issue
of 6.0% senior subordinated convertible notes due August 15, 2014,
on August 12, 2004) in total debts.  (Interstate Bakeries
Bankruptcy News, Issue No. 23; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


KEYSTONE CONSOLIDATED: Posts $4.7 Million Net Loss in June 2005
---------------------------------------------------------------
On July 11, 2005, Keystone Consolidated Industries, Inc., and its
debtor-affiliates filed their monthly operating report for the
month of June 2005 with the U.S. Bankruptcy Court for the Eastern
District of Wisconsin.

Keystone Consolidated reported a $4,718,194 net loss on
$23,066,530 of net sales in June 2005.

At June 30, 2005, Keystone Consolidated's balance sheet shows:

      Current Assets                    $67,131,491
      Total Assets                      301,901,340
      Current Liabilities               156,137,766
      Total Liabilities                 337,919,706
      Stockholders' Deficit            $(38,130,366)

A full-text copy of Keystone Consolidated Industries' June 2005
Monthly Operating Report is available at no charge at:
   
            http://ResearchArchives.com/t/s?71

Headquartered in Dallas, Texas, Keystone Consolidated Industries,
Inc., makes carbon steel rod, fabricated wire products, including
fencing, barbed wire, welded wire and woven wire mesh for the
agricultural, construction and do-it-yourself markets.  The
Company filed for chapter 11 protection on Feb. 26, 2004,
(Bankr. E.D. Wisc. Case No. 04-22422).  Daryl L. Diesing, Esq., at
Whyte Hirschboeck Dudek S.C., and David L. Eaton, Esq., at
Kirkland & Ellis LLP, represent the Debtors in their restructuring
efforts.  When the Company filed for protection from their
creditors, it listed $196,953,000 in total assets and $365,312,000
in total debts.


KUSHNER-LOCKE: Releases February 2005 Monthly Operating Reports
---------------------------------------------------------------
The Kushner-Locke Company and its debtor-affiliates filed their
unaudited February 2005 Monthly Operating Reports with the U.S.
Bankruptcy Court for the Central District of California.

For the month ending Feb. 28, 2005, The Kushner-Locke Company's
Profit & Loss Statement shows:

      Gross Profit                           $0
      Total Operating Expenses           44,421
      Total Non-Operating Expenses        3,569
      Net Income (Loss)                ($47,990)

For the period from Feb. 1, 2005 through Feb. 28, 2005, The
Kushner-Locke Company's Cash Receipts and Disbursements Report
shows:

                              Collateral    Concentration
                                Account        Account
                              ----------    -------------
      Beginning Balance       $1,528,822          $66,794
      Total Receipts               2,152           45,000
      Total Disbursements         45,000           47,990
      Ending Balance          $1,485,974          $63,804

Full-text copies of The Kushner-Locke Company's February 2005
Monthly Operating Reports are available at no charge at:

Profit & Loss Statement:

               http://ResearchArchives.com/t/s?66

Cash Receipts and Disbursements Report:

               http://ResearchArchives.com/t/s?67

Headquartered in Los Angeles, California, The Kushner-Locke
Company is a low-budget movie production studio.  The Company,
along with its debtor-affiliates filed for chapter 11 protection
on Nov. 21, 2001 in the U.S. Bankruptcy Court for the Central
District of California.  The cases are jointly administered under
case number 01-44828.


KUSHNER-LOCKE: Releases March 2005 Monthly Operating Reports
------------------------------------------------------------
On July 5, 2005, The Kushner-Locke Company and its debtor-
affiliates filed their unaudited March 2005 Monthly Operating
Reports with the U.S. Bankruptcy Court for the Central District of
California.

For the month ending Mar. 31, 2005, The Kushner-Locke Company's
Profit & Loss Statement shows:

      Gross Profit                           $0
      Total Operating Expenses           97,176
      Total Non-Operating Expenses        4,577
      Net Income (Loss)               ($101,753)

For the period from Mar. 1, 2005 through Mar. 31, 2005, The
Kushner-Locke Company's Cash Receipts and Disbursements Report
shows:

                              Collateral    Concentration
                                Account        Account
                              ----------    -------------
      Beginning Balance       $1,485,974          $63,804
      Total Receipts             562,780          115,000
      Total Disbursements        115,000          101,753
      Ending Balance          $1,933,754          $77,051

Full-text copies of The Kushner-Locke Company's March 2005
Monthly Operating Reports are available at no charge at:

Profit & Loss Statement:

            http://ResearchArchives.com/t/s?69

Cash Receipts and Disbursements Report:

            http://ResearchArchives.com/t/s?68

Headquartered in Los Angeles, California, The Kushner-Locke
Company is a low-budget movie production studio.  The Company,
along with its debtor-affiliates filed for chapter 11 protection
on Nov. 21, 2001 in the U.S. Bankruptcy Court for the Central
District of California.  The cases are jointly administered under
case number 01-44828.


KUSHNER-LOCKE: Releases April 2005 Monthly Operating Reports
------------------------------------------------------------
On July 5, 2005, The Kushner-Locke Company and its debtor-
affiliates filed their unaudited April 2005 Monthly Operating
Reports with the U.S. Bankruptcy Court for the Central District of
California.

For the month ending Apr. 31, 2005, The Kushner-Locke Company's
Profit & Loss Statement shows:

      Gross Profit                           $0
      Total Operating Expenses           71,339
      Total Non-Operating Expenses      142,648
      Net Income (Loss)               ($213,987)

For the period from Apr. 1, 2005 through Apr. 30, 2005, The
Kushner-Locke Company's Cash Receipts and Disbursements Report
shows:

                              Collateral    Concentration
                                Account        Account
                              ----------    -------------
      Beginning Balance       $1,933,754          $77,051
      Total Receipts              76,923          305,000
      Total Disbursements        305,000          213,987
      Ending Balance          $1,705,677         $168,064

Full-text copies of The Kushner-Locke Company's April 2005
Monthly Operating Reports are available at no charge at:

Profit & Loss Statement:

               http://ResearchArchives.com/t/s?6b

Cash Receipts and Disbursements Report:

               http://ResearchArchives.com/t/s?6a

Headquartered in Los Angeles, California, The Kushner-Locke
Company is a low-budget movie production studio.  The Company,
along with its debtor-affiliates filed for chapter 11 protection
on Nov. 21, 2001 in the U.S. Bankruptcy Court for the Central
District of California.  The cases are jointly administered under
case number 01-44828.


MERIDIAN AUTOMOTIVE: Angola Files Schedules of Assets & Debts
-------------------------------------------------------------

A.     Real Property
          Land & improvements                           $46,694
          Building improvements                       1,290,842

B.     Personal Property
B.3    Security                                          32,242
B.15   Accounts receivable
          Accounts receivable                         6,003,870
          Trade payable credits                             935
          Intercompany receivable                    70,268,542
B.17   Other liquidated debts owed
          Employee receivables                            2,362
B.26   Office equipment and supplies                      6,940
B.27   Machinery, furniture and fixtures              4,541,557
B.28   Inventory
          Raw material                                  503,828
          Purchased parts                               315,052
          Stores inventory                            1,507,963
          Work in process inventory                   1,154,105
          Finished goods                                694,797
          Inventory shrink reserve                       30,537
          Inventory slow moving                         (71,549)
          Inventory slow moving - stores               (147,757)
          LCM reserve                                   (23,796)
B.33   Other personal property
          Prepaid expenses                               24,608
          Tooling costs in excess of billings           659,456
          Construction in progress                    1,026,271

       TOTAL SCHEDULED ASSETS                      $926,575,963
                                                  =============

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claims                              undetermined

E.     Unsecured Priority Claims                   undetermined

F.     Unsecured Non-Priority Claims
          ALCOA                                        $747,774

          Ford Motor Company                            634,085

          Meridian Automotive Systems-                1,226,386
          Composites Operations, Inc.

          Meridian Automotive Systems-                3,659,418
          Grand Rapids Operations, Inc.

          Meridian Automotive Systems, Inc.         61, 913,199

          Others                                      2,399,593

       TOTAL SCHEDULED LIABILITIES                  $70,580,455
                                                   ============

Headquartered in Dearborn, Mich., Meridian Automotive Systems,
Inc. -- http://www.meridianautosystems.com/-- supplies       
technologically advanced front and rear end modules, lighting,
exterior composites, console modules, instrument panels and other
interior systems to automobile and truck manufacturers.  Meridian
operates 22 plants in the United States, Canada and Mexico,
supplying Original Equipment Manufacturers and major Tier One
parts suppliers.  The Company and its debtor-affiliates filed for
chapter 11 protection on April 26, 2005 (Bankr. D. Del. Case Nos.
05-11168 through 05-11176).  James F. Conlan, Esq., Larry J.
Nyhan, Esq., Paul S. Caruso, Esq., and Bojan Guzina, Esq., at
Sidley Austin Brown & Wood LLP, and Robert S. Brady, Esq., Edmon
L. Morton, Esq., Edward J. Kosmowski, Esq., and Ian S. Fredericks,
Esq., at Young Conaway Stargatt & Taylor, LLP, represent the
Debtors in their restructuring efforts.  When the Debtors filed
for protection from their creditors, they listed $530 million in
total assets and approximately $815 million in total liabilities.
(Meridian Bankruptcy News, Issue No. 11; Bankruptcy Creditors'
Service, Inc., 215/945-7000).


MERIDIAN AUTOMOTIVE: Composites Files Schedules of Assets & Debts
-----------------------------------------------------------------

A.     Real Property
          Land & improvements                        $2,614,978
          Building improvements                      30,715,194

B.     Personal Property
B.1    Cash on Hand                                       1,000
B.2    Bank Accounts                                          -
B.3    Security                                          72,970
B.4    Household goods                                        -
B.5    Books, art work & collectibles                         -
B.6    Wearing apparel                                        -
B.7    Furs and jewelry                                       -
B.8    Firearms and sporting goods                            -
B.9    Interests in insurance policies                        -
B.10   Annuities                                              -
B.11   Interests in retirement plans                          -
B.12   Stock interests                                        -
B.13   Interests in Partnerships                              -
B.14   Bonds                                                  -
B.15   Accounts receivable
          Accounts receivable                        25,439,112
          Trade payable credits                         137,832
          Intercompany receivable                 1,192,923,763
B.16   Alimony                                                -
B.17   Other liquidated debts owed                            -
B.18   Equitable and future interests                         -
B.19   Contingent interests                                   -
B.20   Other contingent & unliquidated claims                 -
B.21   Patents, copyrights & trademarks            undetermined
B.22   Other intangibles                                      -
B.23   Automobiles                                        6,476
B.24   Boats                                                  -
B.25   Aircraft                                               -
B.26   Office equipment and supplies                     28,837
B.27   Machinery, furniture and fixtures
          Machines & equipment                       41,132,360
          Furniture & fixtures                            7,235
          Computer equipment                            139,080
          Computer software                              63,432
B.28   Inventory
          Raw material                                6,216,218
          Purchased parts                             6,040,017
          Stores inventory                            7,810,978
          Work in process inventory                   3,414,835
          Finished goods                              2,964,271
          Inventory in transit                        1,082,289
          Inventory shrink reserve                   (1,466,466)
          Inventory shrink reserve - stores             (88,654)
          Inventory reserve - standard                  (57,892)
          Intercompany profit elim reserve             (243,599)
          Inventory slow moving                      (1,760,504)
          Inventory slow moving - stores             (1,979,662)
          LCM reserve                                  (160,752)
          LIFO reserve                                  (58,394)
B.29   Animals                                                -
B.30   Crops                                                  -
B.31   Farming equipment                                      -
B.32   Farm supplies                                          -
B.33   Other personal property
          Prepaid expenses                               87,966
          Tooling costs in excess of billings         6,058,104
          Construction in progress                      776,769

       TOTAL SCHEDULED ASSETS                    $1,288,587,620
                                               ================

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claims                              undetermined

E.     Unsecured Priority Claims                   undetermined

F.     Unsecured Non-Priority Claims
          Ashland, Chemical Co.                      $2,493,761

          Century Tool & Gage Company                 1,466,022

          Meridian Automotive Systems-                1,636,197
          Construction, Inc.

          Meridian Automotive Systems-               16,659,338
          Grand Rapids Operations, Inc.

          Meridian Automotive Systems-                1,924,198
          Heavy Truck Operations, Inc.

          Meridian Automotive Systems, Inc.         860,181,510

          Others                                     38,592,041

       TOTAL SCHEDULED LIABILITIES                 $922,953,067
                                                 ==============

Headquartered in Dearborn, Mich., Meridian Automotive Systems,
Inc. -- http://www.meridianautosystems.com/-- supplies       
technologically advanced front and rear end modules, lighting,
exterior composites, console modules, instrument panels and other
interior systems to automobile and truck manufacturers.  Meridian
operates 22 plants in the United States, Canada and Mexico,
supplying Original Equipment Manufacturers and major Tier One
parts suppliers.  The Company and its debtor-affiliates filed for
chapter 11 protection on April 26, 2005 (Bankr. D. Del. Case Nos.
05-11168 through 05-11176).  James F. Conlan, Esq., Larry J.
Nyhan, Esq., Paul S. Caruso, Esq., and Bojan Guzina, Esq., at
Sidley Austin Brown & Wood LLP, and Robert S. Brady, Esq., Edmon
L. Morton, Esq., Edward J. Kosmowski, Esq., and Ian S. Fredericks,
Esq., at Young Conaway Stargatt & Taylor, LLP, represent the
Debtors in their restructuring efforts.  When the Debtors filed
for protection from their creditors, they listed $530 million in
total assets and approximately $815 million in total liabilities.
(Meridian Bankruptcy News, Issue No. 11; Bankruptcy Creditors'
Service, Inc., 215/945-7000).


MERIDIAN AUTOMOTIVE: Construction's Schedule of Assets & Debts
--------------------------------------------------------------

A.     Real Property
          Land & improvements                        $2,614,978
          Building improvements                      30,715,194

B.     Personal Property
B.1    Cash on Hand                                       1,000
B.3    Security                                          72,970
B.15   Accounts receivable
          Accounts receivable                        25,439,112
          Trade payable credits                         137,832
          Intercompany receivable                 1,192,923,763
B.21   Patents, copyrights & trademarks            undetermined
B.23   Automobiles                                        6,476
B.26   Office equipment and supplies                     28,837
B.27   Machinery, furniture and fixtures
          Machines & equipment                       41,132,360
          Furniture & fixtures                            7,235
          Computer equipment                            139,080
          Computer software                              63,432
B.28   Inventory
          Raw material                                6,216,218
          Purchased parts                             6,040,017
          Stores inventory                            7,810,978
          Work in process inventory                   3,414,835
          Finished goods                              2,964,271
          Inventory in transit                        1,082,289
          Inventory shrink reserve                   (1,466,466)
          Inventory shrink reserve - stores             (88,654)
          Inventory reserve - standard                  (57,892)
          Intercompany profit elim reserve             (243,599)
          Inventory slow moving                      (1,760,504)
          Inventory slow moving - stores             (1,979,662)
          LCM reserve                                  (160,752)
          LIFO reserve                                  (58,394)
B.33   Other personal property
          Prepaid expenses                               87,966
          Tooling costs in excess of billings         6,058,104
          Construction in progress                      776,769

       TOTAL SCHEDULED ASSETS                    $1,288,587,620
                                                ===============

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claims                              undetermined

E.     Unsecured Priority Claims                   undetermined

F.     Unsecured Non-Priority Claims
          Ashland, Chemical Co.                      $2,493,761

          Century Tool & Gage Company                 1,466,022

          Meridian Automotive Systems-                1,636,197
          Construction, Inc.

          Meridian Automotive Systems-               16,659,338
          Grand Rapids Operations, Inc.

          Meridian Automotive Systems-                1,924,198
          Heavy Truck Operations, Inc.

          Meridian Automotive Systems, Inc.         860,181,510

          Others                                     38,592,041

       TOTAL SCHEDULED LIABILITIES                 $922,953,067
                                                  =============

Headquartered in Dearborn, Mich., Meridian Automotive Systems,
Inc. -- http://www.meridianautosystems.com/-- supplies       
technologically advanced front and rear end modules, lighting,
exterior composites, console modules, instrument panels and other
interior systems to automobile and truck manufacturers.  Meridian
operates 22 plants in the United States, Canada and Mexico,
supplying Original Equipment Manufacturers and major Tier One
parts suppliers.  The Company and its debtor-affiliates filed for
chapter 11 protection on April 26, 2005 (Bankr. D. Del. Case Nos.
05-11168 through 05-11176).  James F. Conlan, Esq., Larry J.
Nyhan, Esq., Paul S. Caruso, Esq., and Bojan Guzina, Esq., at
Sidley Austin Brown & Wood LLP, and Robert S. Brady, Esq., Edmon
L. Morton, Esq., Edward J. Kosmowski, Esq., and Ian S. Fredericks,
Esq., at Young Conaway Stargatt & Taylor, LLP, represent the
Debtors in their restructuring efforts.  When the Debtors filed
for protection from their creditors, they listed $530 million in
total assets and approximately $815 million in total liabilities.
(Meridian Bankruptcy News, Issue No. 11; Bankruptcy Creditors'
Service, Inc., 215/945-7000).


MERIDIAN AUTOMOTIVE: Detroit Files Schedules of Assets & Debts
--------------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.3    Security Deposits                                 32,800
B.12   Stock interests                             undetermined
B.15   Accounts receivable
          Accounts receivable                         6,223,027
          Trade payable credits                             357
          Intercompany receivables                  139,495,628
B.20   Other contingent & unliquidated claims      undetermined
B.22   Other intangibles                             13,060,333
B.28   Inventory
          Raw material                                  106,594
          Purchased parts                               179,601
          Stores inventory                              212,617
          Work in process inventory                       6,779
          Finished goods                                539,288
          Inventory slow moving                        (102,417)
          Inventory slow moving - stores                (18,234)
          LCM reserve                                   (31,262)
B.33   Other personal property                           89,561

       TOTAL SCHEDULED ASSETS                      $159,794,672
                                                  =============

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claims                              undetermined

E.     Unsecured Priority Claims                   undetermined

F.     Unsecured Non-Priority Claims
          Concepp Technologies Inc.                    $228,950
          Createc Corporation                           334,553
          EWD, L.L.C.                                   104,620
          JSP International                           3,045,906
          Meridian Automotive Systems, Inc.         117,711,698
          Others                                        642,559

       TOTAL SCHEDULED LIABILITIES                 $122,068,286
                                                  =============

Headquartered in Dearborn, Mich., Meridian Automotive Systems,
Inc. -- http://www.meridianautosystems.com/-- supplies       
technologically advanced front and rear end modules, lighting,
exterior composites, console modules, instrument panels and other
interior systems to automobile and truck manufacturers.  Meridian
operates 22 plants in the United States, Canada and Mexico,
supplying Original Equipment Manufacturers and major Tier One
parts suppliers.  The Company and its debtor-affiliates filed for
chapter 11 protection on April 26, 2005 (Bankr. D. Del. Case Nos.
05-11168 through 05-11176).  James F. Conlan, Esq., Larry J.
Nyhan, Esq., Paul S. Caruso, Esq., and Bojan Guzina, Esq., at
Sidley Austin Brown & Wood LLP, and Robert S. Brady, Esq., Edmon
L. Morton, Esq., Edward J. Kosmowski, Esq., and Ian S. Fredericks,
Esq., at Young Conaway Stargatt & Taylor, LLP, represent the
Debtors in their restructuring efforts.  When the Debtors filed
for protection from their creditors, they listed $530 million in
total assets and approximately $815 million in total liabilities.
(Meridian Bankruptcy News, Issue No. 11; Bankruptcy Creditors'
Service, Inc., 215/945-7000).


MERIDIAN AUTOMOTIVE: Grand Rapids' Schedules of Assets & Debts
--------------------------------------------------------------

A.     Real Property
          Land & improvements                        $2,950,862
          Building improvements                      16,769,424

B.     Personal Property
B.15   Accounts receivable
          Accounts receivable                        16,040,609
          Trade payable credits                           6,993
          Intercompany receivable                   676,961,949
B.17   Other liquidated debts owed                        1,095
B.21   Patents, copyrights & trademarks                 366,085
B.22   Other intangibles
          Electroforming                              1,908,873
          Lighting Encapsulation                        339,936
B.26   Office equipment and supplies                    264,171
B.27   Machinery, furniture and fixtures
          Machines & equipment                       26,326,191
          MAS-owned tooling                           6,891,468
          Furniture & fixtures                           65,318
          Computer equipment                            557,133
          Computer software                              75,301
B.28   Inventory
          Raw material                               11,037,215
          Purchased parts                             1,267,157
          Stores inventory                            2,200,179
          Work in process inventory                   1,637,924
          Finished goods                              1,196,098
          Inventory in transit                          445,305
          Inventory shrink reserve                     (135,042)
          Inventory slow moving                        (352,723)
          Inventory slow moving - stores               (134,600)
          LIFO reserve                                 (634,351)
B.33   Other personal property
          Prepaid expenses                              143,638
          Tooling costs in excess of billings         7,956,859
          Construction in progress                    1,869,276

       TOTAL SCHEDULED ASSETS                      $756,302,057
                                                  =============

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claims                              undetermined

E.     Unsecured Priority Claims                   undetermined

F.     Unsecured Non-Priority Claims
          Bose Corporation - OEM                     $3,965,441

          Delphi DelCo Electronics Systems            1,122,568

          Meridian Automotive Systems-                1,306,745
          Angola Operations, Inc.

          Meridian Automotive Systems-               36,752,549
          Composites Operations, Inc.

          Meridian Automotive Systems-                1,385,811
          Shreveport Operations, Inc.

          Meridian Automotive Systems, Inc.         578,657,286
          
          Others                                     25,697,900

       TOTAL SCHEDULED LIABILITIES                 $648,888,300
                                                  =============

Headquartered in Dearborn, Mich., Meridian Automotive Systems,
Inc. -- http://www.meridianautosystems.com/-- supplies       
technologically advanced front and rear end modules, lighting,
exterior composites, console modules, instrument panels and other
interior systems to automobile and truck manufacturers.  Meridian
operates 22 plants in the United States, Canada and Mexico,
supplying Original Equipment Manufacturers and major Tier One
parts suppliers.  The Company and its debtor-affiliates filed for
chapter 11 protection on April 26, 2005 (Bankr. D. Del. Case Nos.
05-11168 through 05-11176).  James F. Conlan, Esq., Larry J.
Nyhan, Esq., Paul S. Caruso, Esq., and Bojan Guzina, Esq., at
Sidley Austin Brown & Wood LLP, and Robert S. Brady, Esq., Edmon
L. Morton, Esq., Edward J. Kosmowski, Esq., and Ian S. Fredericks,
Esq., at Young Conaway Stargatt & Taylor, LLP, represent the
Debtors in their restructuring efforts.  When the Debtors filed
for protection from their creditors, they listed $530 million in
total assets and approximately $815 million in total liabilities.
(Meridian Bankruptcy News, Issue No. 11; Bankruptcy Creditors'
Service, Inc., 215/945-7000).


MERIDIAN AUTOMOTIVE: Heavy Truck Files Schedules of Assets & Debts
------------------------------------------------------------------

A.     Real Property
          Building improvements                      $3,583,663

B.     Personal Property
B.15   Accounts receivable
          Accounts receivable                        10,916,967
          Intercompany receivable                   165,306,246
B.26   Office equipment and supplies                     60,943
B.27   Machinery, furniture and fixtures
          Machines & equipment                        6,808,974
          Furniture & fixtures                            5,170
B.28   Inventory
          Purchased parts                             1,530,008
          Stores inventory                            1,272,071
          Work in process inventory                     729,261
          Finished goods                                356,039
          Inventory in transit                           65,690
          Inventory shrink reserve                      (40,000)
          Inventory slow moving - stores               (152,000)
          LCM reserve                                   (11,324)
B.33   Other personal property
          Prepaid expenses                              968,945
          Tooling costs in excess of billings           708,922
          Construction in progress                      109,198
          Other long term assets                        493,819

       TOTAL SCHEDULED ASSETS                      $189,011,077
                                                  =============

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claims                              undetermined

E.     Unsecured Priority Claims                   undetermined

F.     Unsecured Non-Priority Claims
          Century Tool & Gage Company                  $209,328

          Meridian Automotive Systems-               42,654,478
          Composites Operations, Inc.

          Meridian Automotive Systems, Inc.         156,574,848

          Metton America                                345,622

          Sherwin Williams Auto Finishes Corp.          348,986

          Staffmaster USA                               593,073

          Others                                      3,076,706

       TOTAL SCHEDULED LIABILITIES                 $203,803,041
                                                  =============

Headquartered in Dearborn, Mich., Meridian Automotive Systems,
Inc. -- http://www.meridianautosystems.com/-- supplies       
technologically advanced front and rear end modules, lighting,
exterior composites, console modules, instrument panels and other
interior systems to automobile and truck manufacturers.  Meridian
operates 22 plants in the United States, Canada and Mexico,
supplying Original Equipment Manufacturers and major Tier One
parts suppliers.  The Company and its debtor-affiliates filed for
chapter 11 protection on April 26, 2005 (Bankr. D. Del. Case Nos.
05-11168 through 05-11176).  James F. Conlan, Esq., Larry J.
Nyhan, Esq., Paul S. Caruso, Esq., and Bojan Guzina, Esq., at
Sidley Austin Brown & Wood LLP, and Robert S. Brady, Esq., Edmon
L. Morton, Esq., Edward J. Kosmowski, Esq., and Ian S. Fredericks,
Esq., at Young Conaway Stargatt & Taylor, LLP, represent the
Debtors in their restructuring efforts.  When the Debtors filed
for protection from their creditors, they listed $530 million in
total assets and approximately $815 million in total liabilities.
(Meridian Bankruptcy News, Issue No. 11; Bankruptcy Creditors'
Service, Inc., 215/945-7000).


MERIDIAN AUTOMOTIVE: Meridian Inc.'s Schedule of Assets & Debts
---------------------------------------------------------------

A.     Real Property
          Land & improvements                        $2,863,748
          Building improvements                      17,337,017

B.     Personal Property
B.1    Cash on Hand                                         300
B.2    Bank Accounts                                    196,916
B.3    Security                                          15,040
B.12   Stock interests                              267,876,576
B.15   Accounts receivable
          Accounts receivable                        55,499,872
          Trade payable credits                          25,385
          Intercompany receivable                   175,742,000
B.17   Other liquidated debts owed
          Employee receivables                           12,675
          Utility sales tax receivable                  103,355
B.20   Other contingent & unliquidated claims         3,700,000
B.21   Patents, copyrights & trademarks            undetermined
B.23   Automobiles                                       14,135
B.26   Office equipment and supplies                    341,929
B.27   Machinery, furniture and fixtures
          Machines & equipment                       40,559,033
          Furniture & fixtures                          106,660
          Computer equipment                            436,787
          Computer software                           4,675,966
B.28   Inventory
          Raw material                                9,271,632
          Purchased parts                             3,747,026
          Stores inventory                            4,338,348
          Work in process inventory                   4,157,417
          Finished goods                              1,973,556
          Inventory in transit                          439,490
          Inventory shrink reserve                     (400,157)
          Inventory slow moving                        (828,900)
          Inventory slow moving - stores               (742,661)
          LCM reserve                                   (54,364)
          LIFO reserve                                 (669,386)
B.33   Other personal property
          Prepaid expenses                            2,653,664

          Tooling costs in excess of billings        10,865,557

          Construction in progress                   16,819,798

          Intercompany receivable from Meridian     309,618,288
          Automotive Systems - Composites
          Operations, Inc.

          Other long term assets                     16,080,027

       TOTAL SCHEDULED ASSETS                      $926,575,963
                                                  =============

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claims                              $522,870,797

E.     Unsecured Priority Claims                   undetermined

F.     Unsecured Non-Priority Claims
          ABB Flexible Automation IC                  1,350,710

          Advanced Tooling Systems                    1,588,332

          Captial D' Amerique CDPQ, Inc.             13,487,328

          Concours Mold, Inc.                         1,201,000

          Delphi DelCo Electronics Systems            1,015,836

          Ford Motor Company                          2,537,812

          Meridian Automotive Systems-               22,049,680
          Angola Operations, Inc.

          Meridian Automotive Systems-              656,797,059
          Composites Operations, Inc.

          Meridian Automotive Systems-               87,840,339
          Detroit Operations, Inc.

          Meridian Automotive Systems-              104,347,562
          Grand Rapids Operations, Inc.

          Metropolitan Life Insurance Company        66,360,269

          Omega Tool Corporation                      1,483,840

          The Northwestern Mutual Life               44,513,074
          Insurance Company

          Wacaser H.H                                 2,108,334

          Windsor Mold                                4,659,021

          Others                                     34,102,031

       TOTAL SCHEDULED LIABILITIES               $1,042,503,185
                                                ===============

Headquartered in Dearborn, Mich., Meridian Automotive Systems,
Inc. -- http://www.meridianautosystems.com/-- supplies       
technologically advanced front and rear end modules, lighting,
exterior composites, console modules, instrument panels and other
interior systems to automobile and truck manufacturers.  Meridian
operates 22 plants in the United States, Canada and Mexico,
supplying Original Equipment Manufacturers and major Tier One
parts suppliers.  The Company and its debtor-affiliates filed for
chapter 11 protection on April 26, 2005 (Bankr. D. Del. Case Nos.
05-11168 through 05-11176).  James F. Conlan, Esq., Larry J.
Nyhan, Esq., Paul S. Caruso, Esq., and Bojan Guzina, Esq., at
Sidley Austin Brown & Wood LLP, and Robert S. Brady, Esq., Edmon
L. Morton, Esq., Edward J. Kosmowski, Esq., and Ian S. Fredericks,
Esq., at Young Conaway Stargatt & Taylor, LLP, represent the
Debtors in their restructuring efforts.  When the Debtors filed
for protection from their creditors, they listed $530 million in
total assets and approximately $815 million in total liabilities.
(Meridian Bankruptcy News, Issue No. 11; Bankruptcy Creditors'
Service, Inc., 215/945-7000).


MERIDIAN AUTOMOTIVE: Mexico Files Schedules of Assets & Debts
-------------------------------------------------------------

A.     Real Property                                         $0

B.     Personal Property
B.12   Stock interests                             undetermined

       TOTAL SCHEDULED ASSETS                                $0
                                                  =============

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claims                              undetermined

E.     Unsecured Priority Claims                           none

F.     Unsecured Non-Priority Claims                       none

       TOTAL SCHEDULED LIABILITIES                           $0
                                                  =============

Headquartered in Dearborn, Mich., Meridian Automotive Systems,
Inc. -- http://www.meridianautosystems.com/-- supplies       
technologically advanced front and rear end modules, lighting,
exterior composites, console modules, instrument panels and other
interior systems to automobile and truck manufacturers.  Meridian
operates 22 plants in the United States, Canada and Mexico,
supplying Original Equipment Manufacturers and major Tier One
parts suppliers.  The Company and its debtor-affiliates filed for
chapter 11 protection on April 26, 2005 (Bankr. D. Del. Case Nos.
05-11168 through 05-11176).  James F. Conlan, Esq., Larry J.
Nyhan, Esq., Paul S. Caruso, Esq., and Bojan Guzina, Esq., at
Sidley Austin Brown & Wood LLP, and Robert S. Brady, Esq., Edmon
L. Morton, Esq., Edward J. Kosmowski, Esq., and Ian S. Fredericks,
Esq., at Young Conaway Stargatt & Taylor, LLP, represent the
Debtors in their restructuring efforts.  When the Debtors filed
for protection from their creditors, they listed $530 million in
total assets and approximately $815 million in total liabilities.
(Meridian Bankruptcy News, Issue No. 11; Bankruptcy Creditors'
Service, Inc., 215/945-7000).


MERIDIAN AUTOMOTIVE: Shreveport Files Schedules of Assets & Debts
-----------------------------------------------------------------

A.     Real Property
          Building improvements                        $435,313

B.     Personal Property
B.3    Security                                          19,500
B.15   Accounts receivable
          Accounts receivable                         4,515,851
          Intercompany receivable                    26,450,767
B.17   Other liquidated debts owed                          876
B.26   Office equipment and supplies                     78,711
B.27   Machinery, furniture and fixtures
          Machines & equipment                        2,988,569
          Computer equipment                             30,918
          Computer software                              65,582
B.28   Inventory
          Raw material                                   98,035
          Purchased parts                               218,290
          Stores inventory                               13,531
          Work in process inventory                      32,491
          Finished goods                                 50,735
          Inventory in transit                           50,404
B.33   Other personal property
          Prepaid expenses                               27,425
          Construction in progress                       25,760

       TOTAL SCHEDULED ASSETS                       $34,667,446
                                                   ============

C.     Property Claimed as Exempt                Not Applicable

D.     Secured Claims                              undetermined

E.     Unsecured Priority Claims                   undetermined

F.     Unsecured Non-Priority Claims
          Guide Corporation                             470,526

          Meridian Automotive Systems-                  308,040
          Composites Operations, Inc.

          Meridian Automotive Systems-                  964,060
          Grand Rapids Operations, Inc.

          Meridian Automotive Systems, Inc.          34,838,661

          Solvay Engineered Polymers                    352,084

          Others                                        413,926

       TOTAL SCHEDULED LIABILITIES                  $37,347,297
                                                   ============

Headquartered in Dearborn, Mich., Meridian Automotive Systems,
Inc. -- http://www.meridianautosystems.com/-- supplies       
technologically advanced front and rear end modules, lighting,
exterior composites, console modules, instrument panels and other
interior systems to automobile and truck manufacturers.  Meridian
operates 22 plants in the United States, Canada and Mexico,
supplying Original Equipment Manufacturers and major Tier One
parts suppliers.  The Company and its debtor-affiliates filed for
chapter 11 protection on April 26, 2005 (Bankr. D. Del. Case Nos.
05-11168 through 05-11176).  James F. Conlan, Esq., Larry J.
Nyhan, Esq., Paul S. Caruso, Esq., and Bojan Guzina, Esq., at
Sidley Austin Brown & Wood LLP, and Robert S. Brady, Esq., Edmon
L. Morton, Esq., Edward J. Kosmowski, Esq., and Ian S. Fredericks,
Esq., at Young Conaway Stargatt & Taylor, LLP, represent the
Debtors in their restructuring efforts.  When the Debtors filed
for protection from their creditors, they listed $530 million in
total assets and approximately $815 million in total liabilities.
(Meridian Bankruptcy News, Issue No. 11; Bankruptcy Creditors'
Service, Inc., 215/945-7000).


UAL CORP: Posts $93 Million Net Loss in May 2005
------------------------------------------------
UAL Corporation, the holding company whose primary subsidiary is
United Airlines, filed its May Monthly Operating Report with the
United States Bankruptcy Court for the Northern District of
Illinois.

The company reported an operating loss of $21 million for May
2005, despite a $93 million year-over-year higher fuel expense.  
In May 2004, the company reported an operating profit of
$9 million.  The company reported a net loss of $93 million,
including $36 million of reorganization expenses.  Mainline unit
costs (CASM) in May increased 6 percent over the same month last
year on 1 percent lower capacity.  Excluding fuel, mainline unit
costs in May decreased 3 percent year-over-year.  Mainline
passenger unit revenue (PRASM) in May increased 1 percent over the
same period a year ago.

UAL ended May with a cash balance of $2.6 billion, which included
$957 million in restricted cash (filing entities only).  The cash
balance increased $143 million during the month of May, driven by
strong receipts and effective cost controls.  UAL met the
requirements of its debtor-in-possession (DIP) financing.

"Fuel is a brutal challenge for our industry.  In the face of this
challenge, we continue to improve operations across the company,
targeting every area of non-labor cost reduction and revenue
generation opportunity," said Jake Brace, executive vice president
and chief financial officer.  "We are encouraged by the fact that
we also continue to make significant progress toward completing
our restructuring, achieving consensual revised labor agreements
with all of our labor groups, and agreements on replacement
pension plans with all except the AFA.  This has been a difficult,
but important step in restructuring United and exiting from
bankruptcy."

"We continue to make good progress improving United's revenue
performance.  We expect our full second quarter results to be
competitive as we realize the benefits of the capacity shift from
domestic to international markets," said John Tague, executive
vice president marketing, sales, and revenue.


             UAL Corporation and Subsidiary Companies
         Condensed Consolidating Statement of Operations
                 For The Month Ended May 31, 2005
                         (In Thousands)

Total operating revenues                             $1,610,753

Total operating expenses                              1,631,304

Earnings (loss) from operations                         (20,551)

Non-operating income (expenses):
   Net interest expense                                 (42,448)
   Other income (expenses), net:                          6,452
                                                     ----------
Total non-operating income (expenses):                  (35,996)

Net Earnings (loss) before Reorganization items         (56,547)

Reorganization items                                    (36,226)
                                                     ----------
Net earnings (loss)                                    ($92,773)
                                                     ==========

A full-text copy of UAL Corporation's May 2005 Operating
Report is available for free at the Securities and Exchange
Commission at http://ResearchArchives.com/t/s?6c

Headquartered in Chicago, Illinois, UAL Corporation --  
http://www.united.com/-- through United Air Lines, Inc., is the          
holding company for United Airlines -- the world's second largest
air carrier.  The Company filed for chapter 11 protection on
December 9, 2002 (Bankr. N.D. Ill. Case No. 02-48191).  James H.M.
Sprayregen, Esq., Marc Kieselstein, Esq., David R. Seligman, Esq.,
and Steven R. Kotarba, Esq., at Kirkland & Ellis, represent the
Debtors in their restructuring efforts.  When the Debtors filed
for protection from their creditors, they listed $24,190,000,000
in assets and $22,787,000,000 in debts.  (United Airlines
Bankruptcy News, Issue No. 92; Bankruptcy Creditors' Service,
Inc., 215/945-7000)

                          *********

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

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

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

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

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

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

                          *********

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

Troubled Company Reporter is a daily newsletter co-published by  
Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania,  
USA, and Beard Group, Inc., Frederick, Maryland USA. Yvonne L.  
Metzler, Emi Rose S.R. Parcon, Rizande B. Delos Santos, Jazel P.
Laureno, Cherry Soriano-Baaclo, Marjorie Sabijon, Terence Patrick
F. Casquejo, Jason A. Nieva, Christian Q. Salta, Lucilo Junior M.
Pinili and Peter A. Chapman, Editors.

Copyright 2005.  All rights reserved.  ISSN: 1520-9474.

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

The TCR subscription rate is $675 for 6 months delivered via e-
mail. Additional e-mail subscriptions for members of the same firm
for the term of the initial subscription or balance thereof are
$25 each.  For subscription information, contact Christopher
Beard at 240/629-3300.

                    *** End of Transmission ***