/raid1/www/Hosts/bankrupt/TCR_Public/060121.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, January 21, 2006, Vol. 10, No. 18
Headlines
ALLIED HOLDINGS: Earns $896,000 for the Month Ended November 2005
AOL LATIN: Files Monthly Operating Report for November 2005
ASARCO LLC: American Smelting Files Schedules of Assets and Debts
ASARCO LLC: Bridgeview Files Schedules of Assets and Debts
ASARCO LLC: Government Gulch Files Schedules of Assets and Debts
ASARCO LLC: Six Affiliates Report Undetermined Assets and Debts
FGI GROUP: Files Monthly Operating Report for December 2005
MIRANT CORP: Posts $84.1 Million Net Loss in November 2005
MIRANT CORP: MAGi Posts $3.7 Million Net Loss in November 2005
MUSICLAND HOLDING: Dec. 31 Balance Sheet Upside-Down by $114 Mil.
REFCO INC: Capital LLC Files Schedules of Assets and Debts
REFCO INC: Capital Markets Files Schedules of Assets and Debts
REFCO INC: Global Finance Files Schedules Of Assets & Liabilities
THAXTON GROUP: Posts $75.7 Mil. Cumulative Net Loss in Nov. 2005
WINN-DIXIE: Posts $2 Million Net Loss in Period Ended December 14
*********
ALLIED HOLDINGS: Earns $896,000 for the Month Ended November 2005
-----------------------------------------------------------------
Allied Holdings, Inc., and Its Debtor Subsidiaries
Unaudited Consolidated Balance Sheet
As of November 30, 2005
(In Thousands)
Assets
Current Assets:
Cash and cash equivalents $926
Receivables, net 54,730
Related party receivables 14,486
Inventories 4,788
Deferred income taxes 4,021
Prepayments and other current assets 20,183
---------
Total current assets 99,134
Property and equipment, net 121,810
Goodwill, net 3,939
Other noncurrent assets 41,522
Investment in related parties 31,488
---------
TOTAL ASSETS $297,893
=========
Liabilities and Stockholders' Deficit
Current Liabilities not subject to compromise:
Revolving credit facilities 44,499
DIP term borrowings 100,000
Accounts and notes payable 15,087
Accrued liabilities 56,098
---------
Total current liabilities 215,684
Long-term liabilities not subject to compromise:
Postretirement benefits 4,416
Deferred income taxes 3,989
Other long-term liabilities 22,385
---------
Total long-term liabilities 30,790
Liabilities subject to compromise 184,868
Stockholders' deficit (133,449)
---------
Total liabilities and stockholders' deficit $297,893
=========
Allied Holdings, Inc., and Its Debtor Subsidiaries
Unaudited Consolidated Statement of Operations
For the Month Ended November 30, 2005
(In Thousands)
Revenues $79,645
Operating expenses:
Salaries, wages and fringe benefits 39,615
Operating supplies and expenses 15,738
Purchased transportation 10,880
Insurance and claims 3,064
Operating taxes and licenses 2,584
Depreciation and amortization 2,242
Rents 588
Communications and utilities 481
Other operating expenses 464
Gain on disposal of operating assets, net (27)
---------
Total operating expenses 75,629
---------
Operating income 4,016
Other income (expense):
Interest expense (2,095)
Investment income 3
Foreign exchange gains, net 191
---------
(1,901)
---------
Income before reorganization items and income taxes 2,115
Reorganization items (1,219)
---------
Income before income taxes 896
Income tax provision -
---------
NET INCOME $896
=========
The Debtors did not provide a cash flow report. However, the
Debtors disclose $10,535,699 in cash disbursement during the
reporting period.
Headquartered in Decatur, Georgia, Allied Holdings, Inc. --
http://www.alliedholdings.com/-- and its affiliates provide
short-haul services for original equipment manufacturers and
provide logistical services. The Company and 22 of its affiliates
filed for chapter 11 protection on July 31, 2005 (Bankr. N.D. Ga.
Case Nos. 05-12515 through 05-12537). Jeffrey W. Kelley, Esq., at
Troutman Sanders, LLP, represents the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they estimated more than $100 million in assets
and debts. (Allied Holdings Bankruptcy News, Issue No. 15;
Bankruptcy Creditors' Service, Inc., 215/945-7000)
AOL LATIN: Files Monthly Operating Report for November 2005
-----------------------------------------------------------
On Jan. 6, 2005, America Online Latin America, Inc., and its
debtor-affiliates, filed their monthly operating report for the
month ended November 2005, with the United States Bankruptcy
Court for the District of Delaware.
For the month ending Nov. 30, 2005, the Company's Income
Statement shows:
Net Income/
Revenue (Net Loss)
------- -----------
America Online Latin $0 ($91,276,904)
America, Inc.
AOL Latin America Management, $70,000 ($1,126,621)
LLC
AOL Puerto Rico Management $67,713 ($102,519)
Services, Inc.
America Online Caribbean Basin, $967,335 $489,027
Inc.
At Nov. 30, 2005, the Company's balance sheet shows:
America Online Latin America, Inc.
__________________________________
Current Assets $17,521,544
Total Assets 611,359,353
Current Liabilities 6,247,580
Total Liabilities 166,247,580
Total Stockholders' Equity [$445,111,773]
AOL Latin America Management, LLC
_________________________________
Current Assets $13,647,804
Total Assets 13,739,186
Current Liabilities 27,371,691
Total Liabilities 27,371,691
Total Stockholders' Deficit ($13,632,505)
AOL Puerto Rico Management Services, Inc.
_________________________________________
Current Assets $261,487
Total Assets 392,782
Current Liabilities 6,388,753
Total Liabilities 6,406,459
Total Stockholders' Deficit [($6,013,677)]
America Online Caribbean Basin, Inc.
____________________________________
Current Assets $19,631,861
Total Assets 19,652,011
Current Liabilities (843,164)
Total Liabilities (843,164)
Total Stockholders' Equity $20,495,175
A full-text copy of America Online Latin America, Inc., and its
debtor-affiliates' Monthly Operating Report for the month ended
November 2005, is available at no charge at:
http://ResearchArchives.com/t/s?44a
Headquartered in Fort Lauderdale, Florida, America Online Latin
America, Inc. -- http://www.aola.com/-- offers AOL-branded
Internet service in Argentina, Brazil, Mexico, and Puerto Rico, as
well as localized content and online shopping over its proprietary
network. Principal shareholders in AOLA are Cisneros Group, one
of Latin America's largest media firms, Brazil's Banco Itau, and
Time Warner, through America Online. The Company and its debtor-
affiliates filed for chapter 11 protection on June 24, 2005
(Bankr. D. Del. Case No. 05-11778). Pauline K. Morgan, Esq., and
Edmon L. Morton, Esq., at Young Conaway Stargatt & Taylor, LLP and
Douglas P. Bartner, Esq., at Shearman & Sterling LLP represent the
Debtors in their restructuring efforts. When the Debtors filed
for protection from their creditors, they listed total assets of
$28,500,000 and total debts of $181,774,000.
ASARCO LLC: American Smelting Files Schedules of Assets and Debts
-----------------------------------------------------------------
A. Real Property $0
B. Personal Property
B.9 Interests in Insurance Policies Undetermined
TOTAL SCHEDULED ASSETS Undetermined
=============
C. Property Claimed as Exempt Not applicable
D. Secured Claim $0
E. Unsecured Priority Claims 0
F. Unsecured Non-priority Claims
PBGC Employee Pension Benefits Undetermined
Dorothy E. Harris Undetermined
Michael & Lorna O'Connell Undetermined
Sue Ann Cox Undetermined
Lori B. Esterlund Franklin Undetermined
Calvin C. Beaver Undetermined
Skippy Dean and Linda Beasley Undetermined
Hilario A. Hidalgo Undetermined
Julie Beck Undetermined
Steven Bart Powell Undetermined
Hilario Salinas Undetermined
Judy Jenkins Undetermined
TOTAL SCHEDULED LIABILITIES Undetermined
=============
Headquartered in Tucson, Arizona, ASARCO LLC --
http://www.asarco.com/-- is an integrated copper mining,
smelting and refining company. Grupo Mexico S.A. de C.V. is
ASARCO's ultimate parent. The Company filed for chapter 11
protection on Aug. 9, 2005 (Bankr. S.D. Tex. Case No. 05-21207).
James R. Prince, Esq., Jack L. Kinzie, Esq., and Eric A.
Soderlund, Esq., at Baker Botts L.L.P., and Nathaniel Peter
Holzer, Esq., Shelby A. Jordan, Esq., and Harlin C. Womble, Esq.,
at Jordan, Hyden, Womble & Culbreth, P.C., represent the Debtor in
its restructuring efforts. When the Debtor filed for protection
from its creditors,it listed $600 million in total assets and $1
billion in total debts.
The Debtor has five affiliates that filed for chapter 11
protection on April 11, 2005 (Bankr. S.D. Tex. Case Nos. 05-20521
through 05-20525). They are Lac d'Amiante Du Quebec Ltee, CAPCO
Pipe Company, Inc., Cement Asbestos Products Company, Lake
Asbestos of Quebec, Ltd., and LAQ Canada, Ltd. Details about
their asbestos-driven chapter 11 filings have appeared in the
Troubled Company Reporter since Apr. 18, 2005.
Encycle/Texas, Inc. (Bankr. S.D. Tex. Case No. 05-21304), Encycle,
Inc., and ASARCO Consulting, Inc. (Bankr. S.D. Tex. Case No.
05-21346) also filed for chapter 11 protection, and ASARCO has
asked that the three subsidiary cases be jointly administered with
its chapter 11 case. On Oct. 24, 2005, Encycle/Texas' case was
converted to a Chapter 7 liquidation. (ASARCO Bankruptcy News,
Issue No. 14; Bankruptcy Creditors' Service, Inc., 215/945-7000).
ASARCO LLC: Bridgeview Files Schedules of Assets and Debts
----------------------------------------------------------
A. Real Property $0
B. Personal Property
B.1 Cash on hand 371
B.2 Bank Accounts
Wachovia Bank account 108,676
B.9 Interests in Insurance Policies Undetermined
TOTAL SCHEDULED ASSETS Undetermined
=============
C. Property Claimed as Exempt Not applicable
D. Secured Claim $0
E. Unsecured Priority Claims 0
F. Unsecured Non-priority Claims
PBGC Employee Pension Benefits Undetermined
ASARCO LLC Intercompany Claim 110,612
TOTAL SCHEDULED LIABILITIES Undetermined
=============
Headquartered in Tucson, Arizona, ASARCO LLC --
http://www.asarco.com/-- is an integrated copper mining,
smelting and refining company. Grupo Mexico S.A. de C.V. is
ASARCO's ultimate parent. The Company filed for chapter 11
protection on Aug. 9, 2005 (Bankr. S.D. Tex. Case No. 05-21207).
James R. Prince, Esq., Jack L. Kinzie, Esq., and Eric A.
Soderlund, Esq., at Baker Botts L.L.P., and Nathaniel Peter
Holzer, Esq., Shelby A. Jordan, Esq., and Harlin C. Womble, Esq.,
at Jordan, Hyden, Womble & Culbreth, P.C., represent the Debtor in
its restructuring efforts. When the Debtor filed for protection
from its creditors,it listed $600 million in total assets and $1
billion in total debts.
The Debtor has five affiliates that filed for chapter 11
protection on April 11, 2005 (Bankr. S.D. Tex. Case Nos. 05-20521
through 05-20525). They are Lac d'Amiante Du Quebec Ltee, CAPCO
Pipe Company, Inc., Cement Asbestos Products Company, Lake
Asbestos of Quebec, Ltd., and LAQ Canada, Ltd. Details about
their asbestos-driven chapter 11 filings have appeared in the
Troubled Company Reporter since Apr. 18, 2005.
Encycle/Texas, Inc. (Bankr. S.D. Tex. Case No. 05-21304), Encycle,
Inc., and ASARCO Consulting, Inc. (Bankr. S.D. Tex. Case No.
05-21346) also filed for chapter 11 protection, and ASARCO has
asked that the three subsidiary cases be jointly administered with
its chapter 11 case. On Oct. 24, 2005, Encycle/Texas' case was
converted to a Chapter 7 liquidation. (ASARCO Bankruptcy News,
Issue No. 14; Bankruptcy Creditors' Service, Inc., 215/945-7000).
ASARCO LLC: Government Gulch Files Schedules of Assets and Debts
----------------------------------------------------------------
A. Real Property Undetermined
Kootenai County Properties
E Mission Flats South of I-90
CdA River Bottom Land @ Cataldo
Hillside E of Old US10
E Mission Flats South of I-90
Mission Flats N of I-90
Mission Flats S of I-90
Mission Flats N of Old US10
Mission Flats N of I-90
Mission Flats S of I-90
Tract @ Bull Run Outlet
Gov't. Lot 1
SE 1/4
Tract N of UPRR
Shoshone County Properties
Hillside @ Evolution Bridge
E Page Swamp
W Page Swamp
B. Personal Property
B.23 Other intangibles
Greenhill Cleveland Mining Co.
Patented Mining Claims Undetermined
Government Gulch Mining Co.
Patented Mining Claims Undetermined
TOTAL SCHEDULED ASSETS Undetermined
=============
C. Property Claimed as Exempt Not applicable
D. Secured Claim $0
E. Unsecured Priority Claims 0
F. Unsecured Non-priority Claims
PBGC Employee Pension Benefits Undetermined
EVA Potential Environmental Remediation Undetermined
IDEQ Potential Environmental Remediation Undetermined
Shoshone County Property Taxes Undetermined
Kootenai County Property Taxes Undetermined
TOTAL SCHEDULED LIABILITIES Undetermined
=============
Headquartered in Tucson, Arizona, ASARCO LLC --
http://www.asarco.com/-- is an integrated copper mining,
smelting and refining company. Grupo Mexico S.A. de C.V. is
ASARCO's ultimate parent. The Company filed for chapter 11
protection on Aug. 9, 2005 (Bankr. S.D. Tex. Case No. 05-21207).
James R. Prince, Esq., Jack L. Kinzie, Esq., and Eric A.
Soderlund, Esq., at Baker Botts L.L.P., and Nathaniel Peter
Holzer, Esq., Shelby A. Jordan, Esq., and Harlin C. Womble, Esq.,
at Jordan, Hyden, Womble & Culbreth, P.C., represent the Debtor in
its restructuring efforts. When the Debtor filed for protection
from its creditors,it listed $600 million in total assets and $1
billion in total debts.
The Debtor has five affiliates that filed for chapter 11
protection on April 11, 2005 (Bankr. S.D. Tex. Case Nos. 05-20521
through 05-20525). They are Lac d'Amiante Du Quebec Ltee, CAPCO
Pipe Company, Inc., Cement Asbestos Products Company, Lake
Asbestos of Quebec, Ltd., and LAQ Canada, Ltd. Details about
their asbestos-driven chapter 11 filings have appeared in the
Troubled Company Reporter since Apr. 18, 2005.
Encycle/Texas, Inc. (Bankr. S.D. Tex. Case No. 05-21304), Encycle,
Inc., and ASARCO Consulting, Inc. (Bankr. S.D. Tex. Case No.
05-21346) also filed for chapter 11 protection, and ASARCO has
asked that the three subsidiary cases be jointly administered with
its chapter 11 case. On Oct. 24, 2005, Encycle/Texas' case was
converted to a Chapter 7 liquidation. (ASARCO Bankruptcy News,
Issue No. 14; Bankruptcy Creditors' Service, Inc., 215/945-7000).
ASARCO LLC: Six Affiliates Report Undetermined Assets and Debts
---------------------------------------------------------------
Six debtor-affiliates of Asarco LLC filed schedules of assets and
liabilities and statements of financial affairs reflecting
undetermined amounts for their assets and liabilities:
* ALC, LLC,
* AR Mexican Explorations, Inc.,
* AR Sacaton LLC,
* ASARCO Oil and Gas Company, Inc.,
* Covington Land Company, and
* Salero Ranch, Unit III, Community Association, Inc.
Thomas L. Aldrich, vice president of ASARCO LLC, discloses that
six Debtors did not generate income for two years immediately
preceding the Petition Date.
ASARCO Oil and Gas Company received $150,000 in yearly revenues
from Royalty and Shared Interest Wells during that period, Mr.
Aldrich relates.
Headquartered in Tucson, Arizona, ASARCO LLC --
http://www.asarco.com/-- is an integrated copper mining,
smelting and refining company. Grupo Mexico S.A. de C.V. is
ASARCO's ultimate parent. The Company filed for chapter 11
protection on Aug. 9, 2005 (Bankr. S.D. Tex. Case No. 05-21207).
James R. Prince, Esq., Jack L. Kinzie, Esq., and Eric A.
Soderlund, Esq., at Baker Botts L.L.P., and Nathaniel Peter
Holzer, Esq., Shelby A. Jordan, Esq., and Harlin C. Womble, Esq.,
at Jordan, Hyden, Womble & Culbreth, P.C., represent the Debtor in
its restructuring efforts. When the Debtor filed for protection
from its creditors,it listed $600 million in total assets and $1
billion in total debts.
The Debtor has five affiliates that filed for chapter 11
protection on April 11, 2005 (Bankr. S.D. Tex. Case Nos. 05-20521
through 05-20525). They are Lac d'Amiante Du Quebec Ltee, CAPCO
Pipe Company, Inc., Cement Asbestos Products Company, Lake
Asbestos of Quebec, Ltd., and LAQ Canada, Ltd. Details about
their asbestos-driven chapter 11 filings have appeared in the
Troubled Company Reporter since Apr. 18, 2005.
Encycle/Texas, Inc. (Bankr. S.D. Tex. Case No. 05-21304), Encycle,
Inc., and ASARCO Consulting, Inc. (Bankr. S.D. Tex. Case No.
05-21346) also filed for chapter 11 protection, and ASARCO has
asked that the three subsidiary cases be jointly administered with
its chapter 11 case. On Oct. 24, 2005, Encycle/Texas' case was
converted to a Chapter 7 liquidation. (ASARCO Bankruptcy News,
Issue No. 14; Bankruptcy Creditors' Service, Inc., 215/945-7000).
FGI GROUP: Files Monthly Operating Report for December 2005
-----------------------------------------------------------
On Jan. 13, 2005, FGI Group Inc., filed a monthly operating report
for Florsheim Group, Inc., et al., and its debtor-affiliates
covering the period from Dec. 1 to Dec. 31, 2005, with the
United States Bankruptcy Court for the Northern District of
Illinois, Eastern Division.
FGI Group reports a $957,751 cash balance at Dec. 31, 2005, and
provides a summary of cash accounts; receipts listings;
disbursements listings; loan account; statement of aged
receivables and accounts payable aging; tax questionnaire; and
declaration.
A full-text copy of FGI Group's December 2005 Monthly Operating
Report is available at no charge at
http://ResearchArchives.com/t/s?462
Florsheim Group, Inc., filed for chapter 11 protection on March 4,
2002 (Bankr. N.D. Ill. Case No. 02-08209) to facilitate a sale of
its U.S. wholesale business and 23 retail stores to its U.S.
assets to the Weyco Group, Inc., for $45.6 million in cash,
subject to post closing adjustment.
MIRANT CORP: Posts $84.1 Million Net Loss in November 2005
----------------------------------------------------------
Mirant Corporation and Subsidiaries
Consolidated Balance Sheet
As of November 30, 2005
ASSETS
Cash and cash equivalents $1,551,433,569
Accounts receivable - net 657,195,880
Assets from risk management activities 929,821,694
Derivative hedging instruments -
Inventories 425,663,438
Other 1,280,242,801
--------------
Total Current Assets 4,844,357,382
Property, plant and equipment 5,247,809,467
Less: accumulated depreciation/depletion 954,389,522
Leasehold interests - net 1,425,668,150
Construction work in progress 132,562,480
Investment in suspended construction 174,333,500
--------------
Total net property, plant and equipment 6,025,984,075
Investments 256,467,363
Long-term accounts receivable - net 48,171,068
Notes receivable - net -
Assets from risk management activities 145,700,955
Goodwill - net 5,767,352
Other intangibles - net 263,486,591
Derivative hedging instruments -
Restricted cash, non-current 188,106,041
Other long-term assets -
Miscellaneous deferred charges 436,845,555
--------------
Total Non-current Assets 1,344,544,925
--------------
TOTAL ASSETS $12,214,886,382
==============
LIABILITIES AND EQUITY
Postpetition Liabilities:
Debt $1,215,091,263
Accounts Payable 598,703,038
Liabilities from risk management activities 1,429,842,551
Obligations under energy deliveries 5,658,401
Derivative hedging instruments -
Other 284,043,001
Miscellaneous deferred credits 700,659,832
--------------
Total postpetition liabilities 4,233,998,086
Prepetition Liabilities 10,607,206,893
-------------
TOTAL LIABILITIES 14,841,204,979
EQUITY:
Minority interest in subsidiaries 171,184,251
Mandatory redeemable securities -
Common stock 4,056,621
Additional paid-in capital 4,918,451,070
Retained earnings (7,678,515,664)
Treasury stock, at cost (2,260,000)
Accumulated other comprehensive income (39,234,875)
--------------
Total Equity ($2,626,318,597)
---------------
TOTAL LIABILITIES AND OWNERS' EQUITY $12,214,886,382
===============
Mirant Corporation and Subsidiaries
Consolidated Statements of Income
For the month ending November 30, 2005
REVENUES:
Generation $287,866,473
Net trading revenue (9,966,089)
Distribution 63,188,831
Other 584,592
---------------
Net Revenue 341,673,807
OPERATING EXPENSES:
Energy cost 203,287,566
Operations and maintenance 78,605,299
Depreciation and amortization 25,490,323
Gain on sale of property and investment 494,106
Impairment loss 13,091
Restructuring costs 4,475,918
---------------
Total Operating Expenses 312,366,303
---------------
Income before non-operating income
and expense 29,307,504
OTHER INCOME AND EXPENSES:
Interest income 3,458,743
Interest expense (116,533,706)
Equity in income of affiliates 2,539,467
Other 38,213,464
Reorganization items (21,882,961)
Minority interest (771,869)
Net income from discontinued operations (273,262)
Gain on sale assets, minority owned -
---------------
Total Other Income (95,250,124)
Provision for income tax (18,157,697)
---------------
NET PROFIT (LOSS) ($84,100,317)
===============
Mirant Corporation
Unconsolidated Cash Receipts and Disbursements
For the month ending November 30, 2005
Cash, beginning of month $272,624,369
Non-Operating Receipts:
Loans & Advances $44,133,954
Sale of Assets -
---------------
Total non-operating receipts 44,133,954
---------------
Total receipts 44,133,954
---------------
Total Cash Available 316,758,323
Operating Disbursements 0
Reorganization Expenses
---------------
Total disbursements 0
---------------
Net Cash Flow 44,133,954
---------------
Cash, end of month $316,758,323
===============
Headquartered in Atlanta, Georgia, Mirant Corporation --
http://www.mirant.com/-- is a competitive energy company that
produces and sells electricity in North America, the Caribbean,
and the Philippines. Mirant owns or leases more than 18,000
megawatts of electric generating capacity globally. Mirant
Corporation filed for chapter 11 protection on July 14, 2003
(Bankr. N.D. Tex. 03-46590). Thomas E. Lauria, Esq., at White &
Case LLP, represents the Debtors in their restructuring efforts.
When the Debtors filed for protection from their creditors, they
listed $20,574,000,000 in assets and $11,401,000,000 in debts.
(Mirant Bankruptcy News, Issue No. 91 Bankruptcy Creditors'
Service, Inc., 215/945-7000)
MIRANT CORP: MAGi Posts $3.7 Million Net Loss in November 2005
---------------------------------------------------------------
Mirant Americas Generation, LLC, and Subsidiaries
Consolidated Balance Sheet
As of November 30, 2005
ASSETS
Cash and cash equivalents $390,025,808
Accounts receivable - net 673,162,244
Assets from risk management activities (1)
Derivative hedging instruments -
Inventories 174,543,276
Other 187,747,592
---------------
Total Current Assets 1,425,478,919
Property, plant and equipment 2,247,537,842
Less: accumulated depreciation/depletion 406,723,158
Leasehold interests - net -
Construction work in progress 82,477,034
Investment in suspended construction 174,033,500
---------------
Total net property, plant and equipment 2,097,325,218
Investments 25,000
Long-term accounts receivable - net 92,171,429
Notes receivable - net 223,275,000
Assets from risk management activities 19,634,276
Other intangibles - net 200,044,962
Derivative hedging instruments -
Restricted cash, non-current 5,156,817
Other long-term assets -
Miscellaneous deferred charges 209,200,109
---------------
Total Non-current Assets 749,507,593
---------------
TOTAL ASSETS $4,272,311,730
===============
LIABILITIES AND EQUITY
Postpetition Liabilities:
Debt -
Accounts Payable 277,275,655
Liabilities from risk management activities 378,981,336
Obligations under energy deliveries -
Derivative hedging instruments -
Other 190,947,434
Miscellaneous deferred credits 34,909,512
---------------
Total postpetition liabilities 882,113,937
Prepetition Liabilities 3,888,578,954
---------------
TOTAL LIABILITIES 4,770,692,891
EQUITY:
Minority interest in subsidiaries 35,002
Mandatory redeemable securities -
Common stock 1,000
Additional paid-in capital 3,853,859,362
Retained earnings (4,352,276,525)
Treasury stock, at cost -
Accumulated other comprehensive income -
---------------
Total Equity (498,381,161)
---------------
TOTAL LIABILITIES AND OWNERS' EQUITY $4,272,311,730
===============
Mirant Americas Generation, LLC, and Subsidiaries
Consolidated Statements of Income
For the month ending November 30, 2005
REVENUES:
Generation $215,858,288
Net trading revenue -
Distribution -
Other 7,958
---------------
Net Revenue 215,866,246
OPERATING EXPENSES:
Energy cost 128,217,213
Operations and maintenance 46,977,965
Depreciation and amortization 7,779,960
Gain on sale of property and investment -
Impairment loss 13,091
Restructuring costs 198,891
---------------
Total Operating Expenses 183,187,120
---------------
Income before non-operating income
and expense 32,679,126
OTHER INCOME AND EXPENSES:
Interest income (10,865)
Interest expense (29,058,882)
Equity in income of affiliates -
Other 118,219
Reorganization items (9,072,577)
Minority interest -
Net income from discontinued operations -
---------------
Total Other Income (38,024,105)
Provision for income tax 1,606,559
---------------
NET PROFIT (LOSS) ($3,738,420)
===============
Mirant Americas Generation, LLC, and Subsidiaries
Unconsolidated Cash Receipts and Disbursements
For the month ending November 30, 2005
Cash, beginning of month $37,790,545
Non-Operating Receipts:
Loans & Advances 90,046,675
Sale of Assets -
---------------
Total non-operating receipts 90,046,675
---------------
Total receipts 90,046,675
---------------
Total Cash Available 127,837,220
Operating Disbursements 0
Reorganization Expenses 0
---------------
Total disbursements 0
---------------
Net Cash Flow $90,046,675
---------------
Cash, end of month $127,837,220
===============
Headquartered in Atlanta, Georgia, Mirant Corporation --
http://www.mirant.com/-- is a competitive energy company that
produces and sells electricity in North America, the Caribbean,
and the Philippines. Mirant owns or leases more than 18,000
megawatts of electric generating capacity globally. Mirant
Corporation filed for chapter 11 protection on July 14, 2003
(Bankr. N.D. Tex. 03-46590). Thomas E. Lauria, Esq., at White &
Case LLP, represents the Debtors in their restructuring efforts.
When the Debtors filed for protection from their creditors, they
listed $20,574,000,000 in assets and $11,401,000,000 in debts.
(Mirant Bankruptcy News, Issue No. 91 Bankruptcy Creditors'
Service, Inc., 215/945-7000)
MUSICLAND HOLDING: Dec. 31 Balance Sheet Upside-Down by $114 Mil.
-----------------------------------------------------------------
Summary of Debtors' Assets & Liabilities
As of December 31, 2005
Debtor Assets Debts Equity
------ ------ ----- ------
Musicland Holding $371,462,000 $485,575,000 ($114,113,000)
Corp. and
Subsidiaries
Summary of Debtors Assets & Liabilities
As of February 28, 2005
Debtor Assets Debts Equity
------ ------ ----- ------
Musicland Holding Corp. - ($4,714,000) $4,714,000
MLG Internet, Inc. $104,000 3,861,000 ($3,757,000)
Request Media, Inc. - 3,382,000 ($3,382,000)
Musicland Purchasing $347,536,000 $350,772,000 ($3,237,000)
Corp.
Media Play, Inc. $12,534,000 ($23,156,000) $35,690,000
Sam Goody Holding Corp. - - -
TMG Virgin Islands, Inc. $138,000 $908,000 ($769,000)
The Musicland Group, $6,844,000 ($9,376,000) $16,220,000
Inc.
Musicland Retail, Inc. $14,258,000 $9,132,000 $5,125,000
MG Financial Services, - - -
Inc.
Suncoast Holding Corp. - - -
Suncoast Motion Picture - $467,000 ($467,000)
Co., Inc.
Suncoast Group, Inc. $7,462,000 ($68,768,000) $76,230,000
Suncoast Retail, Inc. $260,000 ($13,537,000) $13,797,000
TMG Caribbean, Inc. $128,000 ($3,037,000) $3,165,000
Headquartered in New York, New York, Musicland Holding Corp., is a
specialty retailer of music, movies and entertainment-related
products. The Debtor and 14 of its affiliates filed for chapter
11 protection on Jan. 12, 2006 (Bankr. S.D.N.Y. Lead Case No.
06-10064). James H.M. Sprayregen, Esq., at Kirkland & Ellis,
represents the Debtors in their restructuring efforts. When the
Debtors filed for protection from their creditors, they estimated
more than $100 million in assets and debts. (Musicland Bankruptcy
News, Issue No. 1; Bankruptcy Creditors' Service, Inc., 215/945-
7000).
REFCO INC: Capital LLC Files Schedules of Assets and Debts
----------------------------------------------------------
A. Real Property $0
B. Personal Property
B.1 Cash on Hand $0
B.2 Bank Accounts
Harris Trust & Savings - Operating 3,668,050
Harris Trust & Savings - Primary Payroll 9,914,379
Harris Trust & Savings - Manual Payroll 42,484
JP Morgan Chase - Primary Accts Payroll 1,233,093
JP Morgan Chase - Depository 83,660
JP Morgan Chase - Collateral for LOC 501,000
B.3 Security Deposits
A-Z Vending 375
B.15 Accounts Receivable
Just Commodity, Inc. 6,097,220
Refco Administration, LLC 1,317,153
Refco Alternative Investments Group 5,089,912
Refco Capital Holdings, LLC 85,071,797
Refco Capital Management, LLC 5,438,391
Refco Capital Markets, Ltd. 283,134,750
Refco Capital Trading, LLC 5,349,371
Refco Fixed Assets Mgmt., LLC 34,736,364
Refco Forex Ltd. 5,677,390
Refco Global Futures PTE 184,417,992
Refco Group Ltd., LLC 965,842,658
Refco Regulated Companies, LLC 96,226,684
Refco Securities, LLC 125,930,492
Refco Trading Services, LLC 9,793,791
Others 5,408,439
B.17 Other liquidated debts owed
Brian Schaer 1,003,146
Forstmann Leff Int'l. 1,994,511
Man Financial 3,228,018
Ronald Burnstein 8,919,347
Steve Kessler 11,330,590
Suffolk - KAV LLC 11,814,624
Suffolk - MKK LLC 20,038,019
Suffolk - SUG LLC 20,194,159
Suffolk, LLC 159,543,803
Others 7,920,474
---------------
TOTAL SCHEDULED ASSETS $2,080,962,136
===============
C. Property Claimed as Exempt n/a
D. Creditors Holding Secured Claims
Secured Financing
Bank of America, N.A. $643,718,995
E. Creditors Holding Unsecured Priority Claims $0
F. Creditors Holding Unsecured Non-Priority Claims
Senior Subordinated Notes
Wells Fargo Corporate Trust Serv. $397,404,657
Accounts Payable
Alps Construction, Inc. 419,688
American Express 136,720
Bloomberg LP 129,008
Grant Thornton LLP 180,842
MCI 196,175
Office Concepts, Inc 131,770
Patsystems (NA) LLC 227,846
PricewaterhouseCoopers 353,110
Reuters America 176,566
Others 2,413,383
Intercompany Liabilities
Haut Commodities LLC 12,080,001
Marshal Metals, LLC 6,664,717
Refco Capital Holdings, LLC 38,502,651
Refco Capital Markets Intl 8,162,503
Refco Capital Markets Intl 11,268,359
Refco Global Finance Ltd. 1,922,543,485
Refco Global Holdings, LLC 50,583,105
Refco Group Ltd., LLC 15,365,523
Refco LLC 46,945,796
RefcoFund Holdings LLC 1,055,095
Others 1,692,995
Independent Broker Obligations
Acies Retro Session accrual 167,636
Francisco Romero 110,500
FSLFG-FSLFG 363,295
Hencorp 907,393
Javier Sumavielle 169,167
Larin American Consulting 180,270
Rodrigo Alvarez 143,144
Others 1,088,332
---------------
TOTAL SCHEDULED LIABILITIES $3,163,482,727
===============
Headquartered in New York, New York, Refco Inc. --
http://www.refco.com/-- is a diversified financial services
organization with operations in 14 countries and an extensive
global institutional and retail client base. Refco's worldwide
subsidiaries are members of principal U.S. and international
exchanges, and are among the most active members of futures
exchanges in Chicago, New York, London and Singapore. In
addition to its futures brokerage activities, Refco is a major
broker of cash market products, including foreign exchange,
foreign exchange options, government securities, domestic and
international equities, emerging market debt, and OTC financial
and commodity products. Refco is one of the largest global
clearing firms for derivatives.
The Company and 23 of its affiliates filed for chapter 11
protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006).
J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts.
Refco reported $16.5 billion in assets and $16.8 billion in
debts to the Bankruptcy Court on the first day of its chapter 11
cases. (Refco Bankruptcy News, Issue No. 19; Bankruptcy
Creditors' Service, Inc., 215/945-7000)
REFCO INC: Capital Markets Files Schedules of Assets and Debts
--------------------------------------------------------------
A. Real Property $0
B. Personal Property
B.1 Cash on Hand $0
B.2 Bank Accounts
Bank of NT Butterfield 12,564
Harris Bank 97,862,026
HSBC 106,583,698
JP Morgan Chase 56,523,596
Standard Charter Bank 1,659,707
B.12 Stock and Interests
Investment in Subsidiary 10,012,000
B.14 Bonds
CIBC 5,875,557
Clearstream 41,375,814
Dresdner 62,856,527
Euroclear 480,062,859
JPMorgan Chase 728,768,698
Merill Lynch 56,584,322
Refco Singapore 1,901,951
B.15 Accounts Receivable
Cargill Investor Services Ltd. 34,574,212
Refco Singapore PTE 21,707,894
Refco East Services, Inc. 11,636,446
Refco Global Finance Ltd. 2,278,164,320
Refco Group Ltd., LLC 608,377,809
Refco Overseas Ltd. 47,445,152
Refco Securities, LLC 104,775,396
Refco, LLC 11,450,384
Others 20,546,724
B.17 Other Liquidated Debts Owed
CounterParty Terminations-Securities 140,651,266
CounterParty Terminations-FX 42,978,395
Euroclear 1,056,322
Euroclear 4,744,508
LeMay Investments 14,215,985
Merill Lynch 8,196,983
Michael Wilner 7,942,226
Oros, Davis S. & Marla T. 10,106,161
PCMG Trading Partners 277,184,927
PCMG VI Trading Partners 33,509,108
Refco LLC 40,964,347
Sidney Knafel 6,096,545
William T. Esrey 36,816,204
Others 17,000
B.33 Other Personal Property
Banesco Holding CA 61,223,734
Cargill Investor Services, Inc. 19,478,230
Federal Portfolio Mgmt., Inc. 78,729,146
Nissei Kohatsu Co., Ltd. 21,895,520
SBP Investments 23,119,348
Vipasa Int'l. Investments Corp. 154,501,846
Others 175,664,321
---------------
TOTAL SCHEDULED ASSETS $5,947,832,777
===============
C. Property Claimed as Exempt n/a
D. Creditors Holding Secured Claims
Secured Financing
JPMorgan Chase $79,537,542
E. Creditors Holding Unsecured Priority Claims
F. Creditors Holding Unsecured Non-Priority Claims
Obligations to Clients
Abu Dhabi Investment Authority $28,300,000
BanCAfe International Bank 208,502,941
Banco Arigola, S.A. 29,702,029
Banco Cuscatlan, S.A. 43,902,522
Banesco Banco Universal CA PA 51,023,576
Banesco Int'l. Panama 50,883,948
Capital Mgmt Select Fund 106,812,109
Creative Finance Limited 65,445,343
Cosmorex, LTd. 105,850,964
Daiichi Commodities Co. 24,604,906
Federal Portfolio 78,690,934
Filare Limited 38,763,772
Fimex 33,582,575
Global Management Worldwide 28,979,825
Grinham Portfolio 24,584,718
IDC Financial 22,402,697
InterFinancial Services 152,614,242
JWH Global Trust 58,568,941
Markwood Investments 138,214,591
Premier trust Custody 244,631,602
RB Securities Limited 66,568,834
Refco Alt Mutli Mgr Fund 41,711,139
Refco Winton Diversified 27,328,612
Rietumu Banka 50,208,875
Rogers Int'l. Raw Materials 75,265,027
Rogers Raw Materials Fund 287,665,479
Rovida Holdings Ltd. 31,004,999
RR Investments Co. 41,953,550
SBP-Custody 1 32,238,724
Siller, josefina 31,467,642
Stilton Int'l Holdings 54,000,361
VR Argentina Recovery Fund 118,370,673
VR Capital Group Ltd. 22,852,714
VR Global Partners. L.P. 576,843,766
Others 2,993,542,630
Intercompany Liabilities
Cargill Investor Services Ltd. 70,677,951
Refco Capital LLC 283,134,750
Refco F/X Associates LLC 85,851,057
Refco Global Finance Ltd. 156,980,402
Refco Overseas Ltd. 69,101,914
Refco Securities, LLC 18,897,340
Others 684,643,414
Other Financings
Esrey Trading 36,634,872
KMC 40,500,133
LeMay I 33,412,610
LeMay II 14,175,047
PCMG V 194,985,601
PCMG XIV 15,187,550
PCMG XXIII 25,312,583
Winchester Preservation, LLC 23,908,365
---------------
TOTAL SCHEDULED LIABILITIES $5,343,252,823
===============
Headquartered in New York, New York, Refco Inc. --
http://www.refco.com/-- is a diversified financial services
organization with operations in 14 countries and an extensive
global institutional and retail client base. Refco's worldwide
subsidiaries are members of principal U.S. and international
exchanges, and are among the most active members of futures
exchanges in Chicago, New York, London and Singapore. In
addition to its futures brokerage activities, Refco is a major
broker of cash market products, including foreign exchange,
foreign exchange options, government securities, domestic and
international equities, emerging market debt, and OTC financial
and commodity products. Refco is one of the largest global
clearing firms for derivatives.
The Company and 23 of its affiliates filed for chapter 11
protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006).
J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts.
Refco reported $16.5 billion in assets and $16.8 billion in
debts to the Bankruptcy Court on the first day of its chapter 11
cases. (Refco Bankruptcy News, Issue No. 19; Bankruptcy
Creditors' Service, Inc., 215/945-7000)
REFCO INC: Global Finance Files Schedules Of Assets & Liabilities
-----------------------------------------------------------------
A. Real Property $0
B. Personal Property
B.12 Stock and Interests
Investment in Subsidiary $672,271
B. 13 Interests in Partnerships
Bank Frick undetermined
B.15 Accounts Receivable
Refco Capital LLC 1,922,543,485
Refco Capital Markets Ltd. 156,026,196
Refco Futures (Canada) Ltd. 5,700,000
Refco Global Holdings, LLC 226,412,679
Refco Group Ltd., LLC 0
TOTAL SCHEDULED ASSETS $2,311,354,631
=======================================================
C. Property Claimed as Exempt n/a
D. Creditors Holding Secured Claims $0
E. Creditors Holding Unsecured Priority Claims $0
F. Creditors Holding Unsecured
Non-Priority Claims
Refco Capital LLC 0
Refco Capital Markets Ltd. $2,286,757,684
Refco Futures (Canada) Ltd. 0
Refco Global Holdings, LLC 0
Refco Group Ltd., LLC 22,482,824
TOTAL SCHEDULED LIABILITIES $2,309,240,508
=======================================================
Headquartered in New York, New York, Refco Inc. --
http://www.refco.com/-- is a diversified financial services
organization with operations in 14 countries and an extensive
global institutional and retail client base. Refco's worldwide
subsidiaries are members of principal U.S. and international
exchanges, and are among the most active members of futures
exchanges in Chicago, New York, London and Singapore. In
addition to its futures brokerage activities, Refco is a major
broker of cash market products, including foreign exchange,
foreign exchange options, government securities, domestic and
international equities, emerging market debt, and OTC financial
and commodity products. Refco is one of the largest global
clearing firms for derivatives.
The Company and 23 of its affiliates filed for chapter 11
protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006).
J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts.
Refco reported $16.5 billion in assets and $16.8 billion in
debts to the Bankruptcy Court on the first day of its chapter 11
cases. (Refco Bankruptcy News, Issue No. 19; Bankruptcy
Creditors' Service, Inc., 215/945-7000)
THAXTON GROUP: Posts $75.7 Mil. Cumulative Net Loss in Nov. 2005
----------------------------------------------------------------
On Jan. 6, 2006, The Thaxton Group filed its monthly operating
report for the month of November 2005 with the U.S. Bankruptcy
Court for the District of Delaware.
The company reported a cumulative net loss of $75,736,631 on
$110,614,840 of revenue for the period from Oct. 17, 2003 thru
Nov. 30, 2005.
At Nov. 30, 2005, the Company's balance sheet reflects:
Total Assets $100,237,554
Total Liabilities 174,937,660
Stockholders' Equity Deficit ($74,700,106)
A full-text copy of Thaxton Group's November 2005 Monthly
Operating Report is available at no charge at:
http://ResearchArchives.com/t/s?461
Headquartered in Lancaster, South Carolina, The Thaxton Group,
Inc., is a diversified consumer financial services company. The
Company filed for Chapter 11 protection on October 17, 2003
(Bankr. Del. Case No. 03-13183). The Debtors are represented by
Michael G. Busenkell, Esq., and Robert J. Dehney, Esq., at Morris,
Nichols, Arsht & Tunnell.
WINN-DIXIE: Posts $2 Million Net Loss in Period Ended December 14
-----------------------------------------------------------------
Winn-Dixie Stores, Inc., et al.
Unaudited Consolidated Balance Sheet
At December 14, 2005
(In thousands)
Assets
Current assets:
Cash and cash equivalents $54,655
Marketable securities 13,354
Trade and other receivables, net 176,159
Insurance claims receivable 72,386
Income tax receivable 30,183
Merchandise inventories, net 555,911
Prepaid expenses and other current assets 60,352
------------
Total current assets 963,000
Property, plant and equipment, net 559,743
Other assets, net 123,212
------------
Total assets $1,645,955
============
Liabilities and Shareholders' Deficit
Current liabilities:
Current portion of long-term debt $221
Current obligations under capital leases 4,169
Accounts payable 260,359
Reserve for self-insurance liabilities 89,887
Accrued wages and salaries 78,688
Accrued rent 35,992
Accrued expenses 96,475
------------
Total current liabilities 565,791
Reserve for self-insurance liabilities 142,285
Long-term debt 283
Long-term borrowings under DIP Credit Facility 40,025
Obligations under capital leases 5,305
Other liabilities 16,683
------------
Total liabilities not subject to compromise 770,372
Liabilities subject to compromise 1,135,979
------------
Total liabilities 1,906,351
Shareholders' deficit:
Common stock 141,828
Additional paid-in-capital 31,391
Accumulated deficit (396,995)
Accumulated other comprehensive loss (36,620)
------------
Total shareholders' deficit (260,396)
------------
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $1,645,955
============
Winn-Dixie Stores, Inc., et al.
Unaudited Consolidated Statement of Operations
Four weeks ended December 14, 2005
(In thousands)
Net sales $613,331
Cost of sales 461,355
------------
Gross profit on sales 151,976
Other operating and administrative expenses 167,507
Restructuring gains (1,617)
------------
Operating loss (13,914)
Interest expense, net 823
------------
Loss before reorganization items and income taxes (14,737)
Reorganization items, net (4,795)
Income tax expense -
------------
Net loss from continuing operations (9,942)
Discontinued operations:
Gain from discontinued operations 399
Gain on disposal of discontinued operations 7,568
Income tax expense -
------------
Net earnings from discontinued operations 7,967
------------
Net loss ($1,975)
============
Winn-Dixie Stores, Inc., et al.
Unaudited Consolidated Statement of Cash Flows
Four weeks ended December 14, 2005
(In thousands)
Cash flows from operating activities:
Net loss ($1,975)
Adjustments to reconcile net loss to
net cash provided by operating activities:
Gain on sales of assets, net (3,096)
Reorganization items, net (4,795)
Depreciation and amortization 7,691
Stock compensation plans 705
Change in operating assets and liabilities:
Trade and other receivables 34,486
Merchandise inventories 8,669
Prepaid expenses and other current assets (8,324)
Accounts payable (13,654)
Reserve for self-insurance liabilities (1,162)
Lease liability on closed facilities (9,742)
Income taxes payable 14
Defined benefit plan (218)
Other accrued expenses 3,438
------------
Net cash provided by operating
activities before reorganization items 12,037
Cash effect of reorganization items (10,604)
------------
Net cash provided by operating activities 1,433
Cash flows from investing activities:
Purchases of property, plant and equipment (594)
Increase in investments and other assets (7,273)
Proceeds from sales of assets 2,359
Marketable securities, net (43)
------------
Net cash used in investing activities (5,551)
Cash flows from financing activities:
Gross borrowings on DIP Credit Facility 32,774
Gross payments on DIP Credit Facility (32,750)
Principal payments on long-term debt (17)
Principal payments on capital lease obligations (119)
Other 131
------------
Net cash provided by financing activities 19
------------
Decrease in cash and cash equivalents (4,099)
Cash and cash equivalents at beginning of period 58,754
------------
Cash and cash equivalents at end of period $54,655
============
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, transferred Apr. 14,
2005, to Bankr. M.D. Fla. Case Nos. 05-03817 through 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. 31; 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 A. Soriano-Baaclo, Marjorie C. Sabijon, Terence
Patrick F. Casquejo, Christian Q. Salta, Jason A. Nieva, Lucilo
Junior M. Pinili, Tara Marie A. Martin and Peter A. Chapman,
Editors.
Copyright 2006. 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 $725 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 ***