/raid1/www/Hosts/bankrupt/TCR_Public/051112.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, November 12, 2005, Vol. 9, No. 269
Headlines
ACCEPTANCE INSURANCE: Posts $362,347 Net Loss in October 2005
ANCHOR GLASS: Posts $6.9 Million Net Loss in September 2005
AURA SYSTEMS: Posts $401,159 Net Loss in September 2005
FEDERAL-MOGUL: Posts $18.5 Million Net Loss in September 2005
FIRST VIRTUAL: Posts $57,227 Net Loss in July 2005
FIRST VIRTUAL: Posts $67,586 Net Loss in August 2005
FRIEDMAN'S INC: Files Operating Report for Period Ended Oct. 1
SAINT VINCENTS: Posts $8.1 Million Net Loss in September 2005
SOLUTIA INC: Posts $14 Million Net Loss in September 2005
WINN-DIXIE: Files Amended Schedule of Unsecured Nonpriority Claims
*********
ACCEPTANCE INSURANCE: Posts $362,347 Net Loss in October 2005
-------------------------------------------------------------
On Nov. 7, 2005, Acceptance Insurance Companies Inc. filed its
monthly operating report for October 2005 with the U.S.
Bankruptcy Court for the District of Nebraska.
The Debtor reports a $362,347 net loss on $7,539 of revenue for
October 2005.
At Oct. 31, 2005, Acceptance Insurance Companies Inc.'s balance
sheet showed:
Total Current Assets $2,573,697
Total Assets 32,839,887
Total Liabilities 138,188,584
Total Shareholders' Equity Deficit ($105,348,697)
A full-text copy of Acceptance Insurance Companies Inc.'s
October 2005 Monthly Operating Report is available at no charge
at http://ResearchArchives.com/t/s?2d7
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.
ANCHOR GLASS: Posts $6.9 Million Net Loss in September 2005
-----------------------------------------------------------
Anchor Glass Container Corporation
Unaudited Statement of Operations and Comprehensive Loss
For the month ending September 30, 2005
(In Thousands)
Net Sales $58,328
Costs and Expenses
Costs of products sold 58,945
Selling and administrative expenses 1,357
Restructuring charges 114
-----------
Loss from operations (2,088)
Reorganization items (727)
Other expense, net (112)
Interest expense (3,946)
-----------
Net Loss ($6,873)
===========
The Debtor did not file its balance sheet as of Sept. 30, 2005.
Headquartered in Tampa, Florida, Anchor Glass Container
Corporation is the third-largest manufacturer of glass containers
in the United States. Anchor manufactures a diverse line of flint
(clear), amber, green and other colored glass containers for the
beer, beverage, food, liquor and flavored alcoholic beverage
markets. The Company filed for chapter 11 protection on Aug. 8,
2005 (Bankr. M.D. Fla. Case No. 05-15606). Robert A. Soriano,
Esq., at Carlton Fields PA, represents the Debtor in its
restructuring efforts. When the Debtor filed for protection from
its creditors, it listed $661.5 million in assets and
$666.6 million in debts.(Anchor Glass Bankruptcy News, Issue No.
12; Bankruptcy Creditors' Service, Inc., 215/945-7000)
AURA SYSTEMS: Posts $401,159 Net Loss in September 2005
-------------------------------------------------------
On Oct. 31, 2005, Aura Systems, Inc., filed its monthly operating
report for the month of September 2005, with the U.S. Bankruptcy
Court for the Central District of California, Los Angeles
Division.
The Company reported a $401,159 net loss in $322,270 of net sales
for the month of September 2005.
At Sept. 30, 2005, Aura System, Inc.'s balance sheet shows:
Current Assets $11,960,804
Total Assets 18,512,204
Total Postpetition Liabilities 2,383,055
Total Prepetition Liabilities 15,542,204
Total Liabilities 17,925,259
Total Stockholders' Equity $586,945
A full-text copy of Aura Systems, Inc.'s September 2005 Monthly
Operating Report is available at no charge at
http://ResearchArchives.com/t/s?2da
Headquartered in El Segundo, California, Aura Systems, Inc.
-- http://www.aurasystems.com/-- develops and sells AuraGen(R)
mobile induction power systems to the industrial, commercial and
defense mobile power generation markets. The Company filed for
chapter 11 protection on June 24, 2005 (Bankr. C.D. Calif. Case
No. 05-24550). Ron Bender, Esq., at Levene Neale Bender Rankin &
Brill LLP, represent the Debtor in its restructuring efforts.
When the Debtor filed for bankruptcy, it reported $18,036,502 in
assets and $28,919,987 in debts.
FEDERAL-MOGUL: Posts $18.5 Million Net Loss in September 2005
-------------------------------------------------------------
Federal-Mogul Global, Inc., et al.
Unaudited Balance Sheet
As of September 30, 2005
(In millions)
Assets
Cash and equivalents $420.0
Accounts receivable 616.3
Inventories 464.7
Deferred taxes 181.1
Prepaid expenses and other current assets 105.9
----------
Total current assets 1,788.0
Summary of Unpaid Postpetition Debits (70.6)
Intercompany Loans Receivable (Payable) 2,503.2
----------
Intercompany Balances 2,432.6
Property, plant and equipment 951.4
Goodwill 1,010.8
Other intangible assets 423.4
Insurance recoverable 797.0
Other non-current assets 959.1
----------
Total Assets $8,362.4
==========
Liabilities and Shareholders' Equity
Short-term debt $328.3
Accounts payable 198.5
Accrued compensation 73.2
Restructuring and rationalization reserves 10.0
Current portion of asbestos liability -
Interest payable 2.5
Other accrued liabilities 284.1
----------
Total current liabilities 896.7
Long-term debt -
Post-employment benefits 1,926.3
Other accrued liabilities 938.2
Liabilities subject to compromise 5,996.4
Shareholders' equity:
Preferred stock 1,050.6
Common stock 565.8
Additional paid-in capital 8,021.9
Accumulated deficit (9,813.6)
Accumulated other comprehensive income (1,219.8)
Other -
----------
Total Shareholders' Equity (1,395.1)
----------
Total Liabilities and Shareholders' Equity $8,362.4
==========
Federal-Mogul Global, Inc., et al.
Unaudited Statement of Operations
For the month ended September 30, 2005
(In millions)
Net sales $275.7
Cost of products sold 231.8
----------
Gross margin 43.9
Selling, general & administrative expenses (43.4)
Amortization (1.2)
Reorganization items (8.5)
Interest income (expense), net (11.1)
Other income (expense), net 3.9
----------
Earnings before Income Taxes (16.4)
Income Tax (Expense) Benefit (2.1)
----------
Earnings before effect of change in acctg principle (18.5)
Cumulative effect of change in acctg principle -
----------
Net Earnings (loss) ($18.5)
==========
Federal-Mogul Global, Inc., et al.
Unaudited Statement of Cash Flows
For the month ended September 30, 2005
(In millions)
Cash Provided From (Used By) Operating Activities:
Net earnings (loss) ($18.5)
Adjustments to reconcile net earnings (loss):
Depreciation and amortization 13.8
Adjustments of assets held for sale to fair value 9.2
Asbestos Charge -
Summary of unpaid postpetition debits -
Cumulative effect of change in acctg principle -
Change in post-employment benefits 0.1
Decrease/(increase) in accounts receivable (39.0)
Decrease/(increase) in inventories 8.5
Increase/(decrease) in accounts payable 6.3
Change in other assets and other liabilities 16.2
Change in restructuring charge 0.1
Refunds (payments) against asbestos liability -
----------
Net Cash Provided From Operating Activities (3.2)
Cash Provided From (Used By) Investing Activities:
Expenditures for property, plant & equipment (7.0)
Proceeds from sale of property, plant & equipment -
Proceeds from sale of businesses -
Business acquisitions, net of cash acquired -
Other -
----------
Net Cash Provided From (Used By) Investing Activities (7.0)
Cash Provided From (Used By) Financing Activities:
Increase (decrease) in debt 10.0
Sale of accounts receivable under securitization -
Dividends -
Other (6.5)
----------
Net Cash Provided From Financing Activities 3.5
Increase (Decrease) in Cash and Equivalents (6.7)
Cash and equivalents at beginning of period 426.7
----------
Cash and equivalents at end of period $420.0
==========
Headquartered in Southfield, Michigan, Federal-Mogul Corporation
-- http://www.federal-mogul.com/-- is one of the world's largest
automotive parts companies with worldwide revenue of some US$6
billion. The Company filed for chapter 11 protection on Oct. 1,
2001 (Bankr. Del. Case No. 01-10582). Lawrence J. Nyhan Esq.,
James F. Conlan Esq., and Kevin T. Lantry Esq., at Sidley Austin
Brown & Wood, and Laura Davis Jones Esq., at Pachulski, Stang,
Ziehl, Young, Jones & Weintraub, P.C., represent the Debtors in
their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed US$10.15 billion in
assets and US$8.86 billion in liabilities. At Dec. 31, 2004,
Federal-Mogul's balance sheet showed a US$1.925 billion
stockholders' deficit. At Mar. 31, 2005, Federal-Mogul's balance
sheet showed a US$2.048 billion stockholders' deficit, compared to
a US$1.926 billion deficit at Dec. 31, 2004. Federal-Mogul
Corp.'s U.K. affiliate, Turner & Newall, is based at Dudley Hill,
Bradford. (Federal-Mogul Bankruptcy News, Issue No. 97;
Bankruptcy Creditors' Service, Inc., 215/945-7000)
FIRST VIRTUAL: Posts $57,227 Net Loss in July 2005
--------------------------------------------------
On Sept. 20, 2005, First Virtual Communications, Inc., and its
debtor-affiliate, CUseeMe Networks, Inc., filed their monthly
operating report for the month of July 2005 with the U.S.
Bankruptcy Court for the Northern District of California.
The Debtors reported a $57,227 net loss on zero net sales for
July 2005. The Debtors also reported a cumulative net profit of
$4,126,336 on $1,984,925 of net sales from Jan. 20, 2005, through
July 31, 2005.
At July 31, 2005, First Virtual's consolidated balance sheet
showed:
Total Current Assets $2,229,286
Total Assets 2,229,286
Current Liabilities 263,727
Total Liabilities 2,336,000
Shareholders' Deficit ($106,714)
A full-text copy of First Virtual's July 2005 Monthly Operating
Report is available at no charge at:
http://ResearchArchives.com/t/s?2d8
Headquartered in Redwood City, California, First Virtual
Communications, Inc. -- http://www.fvc.com/-- delivers integrated
software technologies for rich media web conferencing and
collaboration solutions. The Company and its affiliate - CUseeMe
Networks, Inc. -- filed for chapter 11 protection on Jan. 20, 2005
(Bankr. N.D. Calif. Case No. 05-30145). Kurt E. Ramlo, Esq., at
Skadden, Arps, Slate, Meagher & Flom represents the Debtors in
their restructuring efforts. When the Debtor filed for protection
from its creditors, it listed $7,485,867 in total assets and
$13,567,985 in total debts.
FIRST VIRTUAL: Posts $67,586 Net Loss in August 2005
----------------------------------------------------
On Oct. 20, 2005, First Virtual Communications, Inc., and its
debtor-affiliate, CUseeMe Networks, Inc., filed their monthly
operating report for the month of August 2005 with the U.S.
Bankruptcy Court for the Northern District of California.
The Debtors reported a $67,586 net loss on zero net sales for
August 2005. The Debtors also reported a cumulative net profit of
$4,058,749 on $1,984,925 of net sales from Jan. 20, 2005, through
Aug. 31, 2005.
At Aug. 31, 2005, First Virtual's consolidated balance sheet
showed:
Total Current Assets $2,155,989
Total Assets 2,155,989
Current Liabilities 256,399
Total Liabilities 2,328,672
Shareholders' Deficit ($172,683)
A full-text copy of First Virtual's August 2005 Monthly Operating
Report is available at no charge at:
http://ResearchArchives.com/t/s?2d9
Headquartered in Redwood City, California, First Virtual
Communications, Inc. -- http://www.fvc.com/-- delivers integrated
software technologies for rich media web conferencing and
collaboration solutions. The Company and its affiliate - CUseeMe
Networks, Inc. -- filed for chapter 11 protection on Jan. 20, 2005
(Bankr. N.D. Calif. Case No. 05-30145). Kurt E. Ramlo, Esq., at
Skadden, Arps, Slate, Meagher & Flom represents the Debtors in
their restructuring efforts. When the Debtor filed for protection
from its creditors, it listed $7,485,867 in total assets and
$13,567,985 in total debts.
FRIEDMAN'S INC: Files Operating Report for Period Ended Oct. 1
--------------------------------------------------------------
On Oct. 31, 2005, Friedman's Inc. and its debtor-affiliates filed
their consolidated monthly operating reports for the period from
Aug. 28, 2005, through Oct. 1, 2005, with the U.S. Bankruptcy
Court for the Southern District of Georgia.
At Oct. 1, 2005, Friedman's Inc. and its debtor-affiliates'
financial reports show:
Beginning Cash Balance $694,845
Total Cash Receipts 45,441,533
Total Cash Disbursements 50,975,848
Ending Cash Balance ($4,839,470)
A full-text copy of Friedman's Inc. and its debtor-affiliates'
Monthly Operating Reports for the period ended Oct. 1, 2005, is
available at no charge at http://ResearchArchives.com/t/s?2db
Headquartered in Savannah, Georgia, Friedman's Inc. --
http://www.friedmans.com/-- is the parent company of a group of
companies that operate fine jewelry stores located in strip
centers and regional malls in the southeastern United States. The
Company and its affiliates filed for chapter 11 protection on Jan.
14, 2005 (Bankr. S.D. Ga. Case No. 05-40129). John W. Butler, Jr.,
Esq., George N. Panagakis, Esq., Timothy P. Olson, Esq., and Alexa
N. Paliwal, 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
$395,897,000 in total assets and $215,751,000 in total debts.
SAINT VINCENTS: Posts $8.1 Million Net Loss in September 2005
-------------------------------------------------------------
SVCMC Debtors
Unaudited Consolidated Balance Sheet
As of September 30, 2005
ASSETS
Cash & Cash Equivalents $2,742,225
Investments 1,147,882
Patients Accounts Receivable, less allowance for
doubtful accounts 189,740,635
Accounts Receivable 37,802,083
Other Current Assets 43,221,000
--------------
Total Current Assets 274,653,825
Depreciation Reserve Funds & Collaterized Assets 55,171,562
Assets Designated for Self-Insurance
Investments at Market 49,905,921
Assets whose use is limited -
Investments at Market 58,405,289
Other Non-Current Assets 12,233,353
Land, Buildings & Equipment, net of
Accumulated Depreciation 289,694,646
--------------
Total Assets $740,064,596
==============
LIABILITIES AND NET ASSETS
Liabilities Subject to Compromise:
HFG Loan $6,577,000
Accounts Payable & Accrued Expenses 236,370,786
Estimated Retroactive Payables to
Third Parties, net 90,320,523
Long-term Debt 299,806,278
Long-term Debt, excluding current installments 6,976,688
Estimated Liability for Self-Insurance 143,554,241
Other Liabilities 94,827,904
--------------
Total Liabilities Subject to Compromise 878,433,420
Liabilities Not Subject to Compromise:
Accrued Salaries & Payroll Taxes Withheld 62,959,727
Accounts Payables & Accrued Expenses 36,962,000
--------------
Total Liabilities 978,355,147
Net Assets:
Unrestricted (293,916,075)
Temporarily Restricted 31,194,524
Permanently Restricted 24,431,000
--------------
Total Net Assets (238,290,551)
--------------
Total Liabilities & Net Assets $740,064,596
==============
SVCMC Debtors
Unaudited Consolidated Income Statement
From September 1 to September 30, 2005
Operating Revenue
Inpatient $56,313,694
Outpatient 34,599,620
Patient Service Revenue 90,913,314
Less Provision for Bad Debt 10,613,036
Net Patient Service Revenue 80,300,278
Pool Revenue 5,165,492
Capitation 7,618,420
Other 10,284,599
--------------
Total Operating Revenue 103,368,788
Operating Expenses:
Salaries and Wages 50,794,344
Fringe Benefits 14,292,874
Supplies and Other 31,592,589
Insurance 4,869,779
--------------
Total Direct Operating Costs 101,549,586
Salaries and Wages 2,790,932
Fringe Benefits 779,088
Supplies and Other 6,395,465
--------------
Total Corporate Allocated 9,965,485
--------------
Total Operating Expense 111,515,070
--------------
Interest 2,385,587
Depreciation 3,821,876
--------------
Operating Gain (Loss) Before
Non-Recurring and/or Unusual Items (14,353,745)
Non-Recurring and/or Unusual Items:
St. Mary's Op Pac Rate Adjustment -
ZBEC/HFE Recoveries 171,759
Restructuring & Bankruptcy Related Costs (3,745,036)
Transfer of Equity Foundation (233,934)
--------------
Total Non-Recurring and/or Unusual Items (3,807,211)
--------------
Operating Gain (Loss) After
Non-Recurring and/or Unusual Items (18,160,956)
--------------
Non-Operating Revenue 5,260,485
Change in Temporary Restricted Net Assets (541,000)
--------------
Change in Net Assets ($13,441,471)
--------------
EBITDA ($8,146,282)
==============
SVCMC Debtors
Unaudited Statement of Cash Flows
From September 1 to September 30, 2005
Cash Flows from Operation Activities:
Changes in Net Assets ($13,441,471)
Adjustments to Reconcile Changes in Net Assets
to Net Cash Provided by Operating Activities:
Change in Net Assets from July 1 to July 4, 2005 -
Depreciation & Amortization 3,821,876
Change in Unrealized Gains & Losses (304,475)
Change in Patient's Accounts Receivable 7,002,050
Change in Accounts Receivables, Other (2,569,237)
Change in Prepaid Expenses & Other (2,466,000)
Change in Other Non-Current Assets (336,043)
Change in Accounts Payable &
Accrued Exp-Prepetition 2,691,002
Change in Accounts Payable &
Accrued Exp-Postpetition (2,547,291)
Change in Accrued Salaries & P/R Taxes (886,850)
Change in Est. Retro rec/pay
from/to third parties (1,917,160)
Change in Est. Liability for self-insurance (82,000)
Change in Other Non-Current Liabilities 1,080,383
--------------
Net Cash Provided by Operating Activities (9,955,215)
Cash flows From Investment Activities:
Sale of Investments, Net 35,439,229
(Purchase) of Assets Whose Use is Limited 2,615,906
Acquisition/Sale of Land, Building,
& Equipment (814,475)
--------------
Net Cash Provided by Investing Activities 37,240,659
Cash flows From Financing Activities:
Proceeds/Repayment From/of Working Capital Loan (9,360,000)
Proceed from issuance of Long-term debt 3,419,000
Repayment of Long-term debt (36,093,861)
Net Cash (Used) in Financing Activities (42,034,861)
Net Increase (Decrease)
in Cash & Cash Equivalents (14,749,417)
Cash & Cash Equivalents at Beginning of Month 17,491,642
--------------
Cash & Cash Equivalents at End of the Month $2,742,225
==============
Headquartered in New York, New York, Saint Vincents Catholic
Medical Centers of New York -- http://www.svcmc.org/-- the
largest Catholic healthcare providers in New York State, operate
hospitals, health centers, nursing homes and a home health agency.
The hospital group consists of seven hospitals located throughout
Brooklyn, Queens, Manhattan, and Staten Island, along with four
nursing homes and a home health care agency. The Company and six
of its affiliates filed for chapter 11 protection on July 5, 2005
(Bankr. S.D.N.Y. Case No. 05-14945 through 05-14951). Gary
Ravert, Esq., and Stephen B. Selbst, Esq., at McDermott Will &
Emery, LLP, represent the Debtors in their restructuring efforts.
As of Apr. 30, 2005, the Debtors listed $972 million in total
assets and $1 billion in total debts. (Saint Vincent Bankruptcy
News, Issue No. 14; Bankruptcy Creditors' Service, Inc., 215/945-
7000)
SOLUTIA INC: Posts $14 Million Net Loss in September 2005
---------------------------------------------------------
Solutia Chapter 11 Debtors
Unaudited Statement of Consolidated Financial Position
As of September 30, 2005
Assets
Current Assets:
Cash $6,000,000
Trade Receivables, net 150,000,000
Account Receivables-Unconsolidated Subsidiaries 46,000,000
Inventories 144,000,000
Other Current Assets 57,000,000
--------------
Total Current Assets 403,000,000
Property, Plant and Equipment, net 672,000,000
Investments in Subsidiaries and Affiliates 543,000,000
Intangible Assets, net 100,000,000
Other Assets 82,000,000
--------------
TOTAL ASSETS $1,800,000,000
==============
Liabilities and Shareholders' Deficit
Current Liabilities
Accounts Payable $139,000,000
Short Term Debt 300,000,000
Other Current Liabilities 164,000,000
--------------
Total Current Liabilities 603,000,000
Other Long-Term Liabilities 201,000,000
--------------
Total Liabilities not Subject to Compromise 804,000,000
Liabilities Subject to Compromise 2,261,000,000
Shareholders' Deficit (1,265,000,000)
--------------
TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT $1,800,000,000
==============
Solutia Chapter 11 Debtors
Unaudited Consolidated Statement of Operations
For the Month Ended September 30, 2005
Total Net Sales $178,000,000
Total Cost Of Goods Sold 172,000,000
--------------
Gross Profit 6,000,000
Total MAT Expense 16,000,000
Operating Loss (10,000,000)
Equity Earnings from Affiliates 4,000,000
Interest Expense, net (5,000,000)
Other Income, net 3,000,000
Reorganization Items:
Professional fees (4,000,000)
Employee severance and retention costs (1,000,000)
Adjustment to allowed claim amounts 1,000,000
Settlements of prepetition claims -
Other (1,000,000)
--------------
Total Reorganization Items (5,000,000)
--------------
Loss Before Taxes (13,000,000)
Income Taxes 1,000,000
--------------
Net Loss ($14,000,000)
==============
Headquartered in St. Louis, Missouri, Solutia, Inc. --
http://www.solutia.com/-- with its subsidiaries, make and sell a
variety of high-performance chemical-based materials used in a
broad range of consumer and industrial applications. The Company
filed for chapter 11 protection on December 17, 2003 (Bankr.
S.D.N.Y. Case No. 03-17949). When the Debtors filed for
protection from their creditors, they listed $2,854,000,000 in
assets and $3,223,000,000 in debts. Solutia is represented by
Richard M. Cieri, Esq., at Kirkland & Ellis. (Solutia Bankruptcy
News, Issue No. 49; Bankruptcy Creditors' Service, Inc.,
215/945-7000)
WINN-DIXIE: Files Amended Schedule of Unsecured Nonpriority Claims
------------------------------------------------------------------
Winn-Dixie Stores, Inc., amended its Schedule of Unsecured Non-
Priority Claims -- Schedule F -- of their Schedules of Assets and
Liabilities to add 57 creditors holding claims totaling $93,065,
plus certain unliquidated amounts. The creditors include:
Claimant Claim Amount
-------- ------------
Anderson, John $1,500
Codina, Armando 28,681
Dasburg, John 1,500
Estate of Fowler, Tillie 1,500
Hauer Custom Manufacturing 16,934
North, Julia 32,636
Patient First 327
Progressive Business Publications 230
Rider, Carleton T. 5,757
Townsend, Ronald 4,000
Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc.
-- http://www.winn-dixie.com/-- is one of the nation's largest
food retailers. The Company operates stores across the
Southeastern United States and in the Bahamas and employs
approximately 90,000 people. The Company, along with 23 of its
U.S. subsidiaries, filed for chapter 11 protection on Feb. 21,
2005 (Bankr. S.D.N.Y. Case No. 05-11063). The Honorable Judge
Robert D. Drain ordered the transfer of Winn-Dixie's chapter 11
cases from Manhattan to Jacksonville. On April 14, 2005, Winn-
Dixie and its debtor-affiliates filed for chapter 11 protection in
M.D. Florida (Case No. 05-03817 to 05-03840). D.J. Baker, Esq.,
at Skadden Arps Slate Meagher & Flom LLP, and Sarah Robinson
Borders, Esq., and Brian C. Walsh, Esq., at King & Spalding LLP,
represent the Debtors in their restructuring efforts. When the
Debtors filed for protection from their creditors, they listed
$2,235,557,000 in total assets and $1,870,785,000 in total debts.
(Winn-Dixie Bankruptcy News, Issue No. 26; Bankruptcy Creditors'
Service, Inc., 215/945-7000).
*********
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*********
S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter is a daily newsletter co-published by
Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania,
USA, and Beard Group, Inc., Frederick, Maryland USA. 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, Tara Marie Martin, and Peter A. Chapman, Editors.
Copyright 2005. All rights reserved. ISSN: 1520-9474.
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