/raid1/www/Hosts/bankrupt/TCR_Public/061223.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, December 23, 2006, Vol. 10, No. 305

                             Headlines

NEWPOWER HOLDINGS: Files Monthly Report for Period Ended Oct. 31
SEA CONTAINERS: Posts $50.9 Million Net Loss in October 2006
SEA CONTAINERS: Files Schedules of Assets and Liabilities
SEA CONTAINERS: Services Files Schedules of Assets & Liabilities
SEA CONTAINERS: Caribbean Files Schedules of Assets & Liabilities

VESTA INSURANCE: Files November 2006 Monthly Operating Report
VESTA INSURANCE: Gaines Earns $284,095 in November 2006

                             *********

NEWPOWER HOLDINGS: Files Monthly Report for Period Ended Oct. 31
----------------------------------------------------------------
NewPower Holdings Inc. filed its Monthly Operating Report for
the period from Sept. 30, 2006, to Oct. 31, 2006, with the U.S.
Bankruptcy Court for the Northern District of Georgia, Newnan
Division on Dec. 18, 2006.  The company reports an opening
cash balance of $50,776,000 and a closing cash balance of
$50,793,000.

A full-text copy of NewPower Holdings, Inc.'s Monthly Operating
Report for the period from Sept. 30, 2006, to Oct. 31, 2006, is
available at no charge at http://ResearchArchives.com/t/s?1778

NewPower Holdings Inc. and its debtor-affiliates filed for
chapter 11 protection on June 11, 2002 (Bankr. N.D. Ga. 02-10836).  
Paul K. Ferdinands, Esq., at King & Spalding and William M.
Goldman, Esq., at Sidley Austin Brown & Wood LLP represent the
Debtors.  When the Debtors filed for chapter 11 protection, they
reported $231,837,000 in assets and $87,936,000 in debts.

On Aug. 15, 2003, the United States Bankruptcy Court for the
Northern District of Georgia, Newnan Division, confirmed the
Second Amended Chapter 11 Plan with respect to NewPower Holdings,
Inc., and TNPC Holdings, Inc., a wholly owned subsidiary of the
Company.  That Plan became effective on Oct. 9, 2003, with respect
to the Company and TNPC.

On Feb. 28, 2003, the Bankruptcy Court confirmed The New
Power Company's Plan, and that Plan has been effective as of March
11, 2003 with respect to New Power.  The New Power Company is a
wholly owned subsidiary of the Company.



SEA CONTAINERS: Posts $50.9 Million Net Loss in October 2006
------------------------------------------------------------

                     Sea Containers, Ltd.
                    Unaudited Balance Sheet
                    As of October 31, 2006

                            Assets

Current Assets
   Cash and cash equivalents                        $52,084,064
   Trade receivables, less allowances
     for doubtful accounts                            1,197,118
   Due from related parties                          10,077,614
   Prepaid expenses and other current assets          4,369,498
                                                   ------------
      Total current assets                           67,728,294

Fixed assets, net                                             -

Long-term equipment sales receivable, net                     -
Investment in group companies                                 -
Intercompany receivables                                      -
Investment in equity ownership interests            199,120,137
Other assets                                          3,454,797
                                                   ------------
Total assets                                       $270,303,229
                                                   ============

             Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                     $14,462
   Accrued expenses                                  24,978,283
   Current portion of long-term debt                 26,042,311
   Current portion of senior notes                  385,040,923
                                                   ------------
      Total current liabilities                     436,075,980

Total shareholders' equity                         (165,772,752)
                                                   ------------
Total liabilities and shareholders' equity         $270,303,228
                                                   ============

                     Sea Containers, Ltd.
               Unaudited Statement of Operations
             For the Month Ended October 31, 2006

Revenue                                              $2,938,790

Costs and expenses:
   Operating costs                                      407,541
   Selling, general and administrative expenses      (8,560,523)
   Charges to provide against
     intercompany accounts                          (39,630,334)
   Depreciation and amortization                         58,700
                                                   ------------
      Total costs and expenses                      (47,724,616)
                                                   ------------
Loss on sale of assets                               (1,681,276)
                                                   ------------
Operating (loss) income                             (46,467,102)

Other income (expense)
   Interest income                                      141,572
   Foreign exchange gains (losses)                       26,875
   Interest expense, net                             (4,554,537)
                                                   ------------
(Loss) Income before taxes                          (50,853,192)
Income tax expense                                     (100,000)
                                                   ------------
Net (loss)                                         ($50,953,192)
                                                   ============

A full-text copy of the Debtors' schedules of cash receipts and
disbursements is available for free at
http://ResearchArchives.com/t/s?1776

   http://bankrupt.com/misc/SeaContainers

Headquartered in Hamilton, Bermuda, Sea Containers Ltd. --
http://www.seacontainers.com/-- provides passenger and freight    
transport and marine container leasing.  Registered in Bermuda,
the company has regional operating offices in London, Genoa, New
York, Rio de Janeiro, Sydney, and Singapore.  The company is
owned almost entirely by United States shareholders and its
primary listing is on the New York Stock Exchange (SCRA and
SCRB) since 1974.  On Oct. 3, the company's common shares and
senior notes were suspended from trading on the NYSE and NYSE
Arca after the company's failure to file its 2005 annual report
on Form 10-K and its quarterly reports on Form 10-Q during 2006
with the U.S. Securities and Exchange Commission.

Through its GNER subsidiary, Sea Containers Passenger Transport
operates Britain's fastest railway, the Great North Eastern
Railway, linking England and Scotland.  It also conducts ferry
operations, serving Finland and Estonia as well as a commuter
service between New York and New Jersey in the U.S.

Sea Containers Ltd. and two subsidiaries filed for chapter 11
protection on Oct. 15, 2006 (Bankr. D. Del. Case No. 06-11156).  
Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor
represents the Debtors in their restructuring efforts.  When the
Debtors filed for protection from their creditors, they reported
US$1.7 billion in total assets and US$1.6 billion in total
debts.  (Sea Containers Bankruptcy News, Issue No. 7; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or  
215/945-7000)


SEA CONTAINERS: Files Schedules of Assets and Liabilities
---------------------------------------------------------

A.   Real Property                                         none

B.   Personal Property
B.1  Cash on Hand                                          none
B.2  Bank Accounts
        Bank of America - London, UK
           Acct# *****015                               $89,522
           Acct# *****023                                     -
        Bank of Bermuda
           Acct# *****52590                              27,029
           Acct# *****5539                                1,865
        Bank of Scotland - Leeds, UK
           Acct# *****001                                     -
           Acct# *****242                                 1,143
           Acct# *****USD01                                 435
        Barclays Bank PLC - London, UK                       27
        Barclays - London, UK                           464,750
        Commerce Bank - Delaware, USA                   250,970
        JPMorgan Chase Bank - London, UK
           Acct# *****501                                79,770
           Acct# *****702                                     -
           Acct# *****704                                40,906
           Acct# *****705                                     -
           Acct# *****706                                32,148
        JPMorgan Chase Bank - New York, USA
           Acct# *****382                                40,700
           Acct# *****705                                15,302
        HSBC - NY                                       131,685
        NatWest PLC - London, UK                          6,749
        Societe Generale & Investment Bank           48,915,946
        Societe Generale - London, UK                     2,671
B.3  Security Deposits                                     none
B.4  Household goods                                       none
B.5  Book, art work & collectibles                         none
B.6  Wearing apparel                                       none
B.7  Furs and jewelry                                      none
B.8  Firearms and sporting goods                           none
B.9  Interests in Insurance Policies                    unknown
B.10 Annuities                                             none
B.11 Interests in retirement plans                         none
B.12 Stock and Interests                                   none
B.13 Stocks and Interests in Businesses                 unknown
B.14 Interests in Partnerships or Joint Ventures
        Orca Line - less than 50% ownership              65,741
        West Star - less than 50% ownership               2,289
        Sociate Bananiere de Motobe SA                  unknown
        Alliance Reefer Container Line                  unknown
B.15 Bonds                                                 none
B.16 Accounts Receivable
        Trade
           Containerships, Ltd. OY                       88,932
           Havana Club International SA                  87,003
           Islamic Republic of Iran                   1,269,761
           JSV Logicstic SL                              57,841
           Naviera Pinillos SA                          114,018
           Nenufar Shipping SA                           87,025
           Orient Express Hotels Ltd.                   215,336
           Reef Shipping Ltd.                            57,096
           Servinaves Panama SA                         773,977
           Others                                       455,317
        Unallocated Cash                               (830,269)
        Unpaid Commissions to Container Lease Agents     (9,933)
        Unpaid Commissions
           to be written off in Oct. 2006              (156,488)
        Provisions for Bad Debt                      (1,549,921)
        Advance Billings                               (320,429)
        GE SeaCo                                     10,104,217
        Pescara                                         450,000
        SNAV                                             96,879
        Deposits                                        651,653
        Share Option Loans                               59,309
        Insurance Recovery                               44,681
        Other                                             2,188
B.17 Alimony                                               none
B.18 Other liquidated debts owed                           none
B.19 Equitable and future interests                        none
B.20 Contingent Interests                                  none
B.21 Other Contingent & Unliquidated Claims                none
B.22 Intellectual Property                              unknown
B.23 General Intangibles                                unknown
B.24 Customer Lists                                        none
B.25 Automobiles                                           none
B.26 Boats                                                 none
B.27 Aircraft                                              none
B.28 Office Equipment                                      none
B.29 Machinery, furniture and fixtures                     none
B.30 Inventory                                             none
B.31 Animals                                               none
B.32 Crops                                                 none
B.33 Farm Equipment & Implements                           none
B.34 Farm Supplies                                         none
B.35 Other Personal Property
        Prepaid Expenses
           Annual Government Fees                        46,238
           Insurance                                     65,031
           Professional Advisors                        370,000
           Other Prepayments                              1,610
        Long-term asset sales receivables                     -

     TOTAL SCHEDULED ASSETS                         $62,400,718
     ==========================================================

C.   Property Claimed as Exempt                  not applicable

D.   Secured Claim                                         none

E.   Unsecured Priority Claims                             none

F.   Unsecured Non-priority Claims
        Atlantic Maritime Services                   $3,184,811
        Contender 2                                   5,116,079
        James B. Sherwood                             1,435,961
        Marine Container Insurance Co. Limited       11,709,727
        S C Iberia                                    5,896,016
        SC Finland Services                          18,306,919
        SC Holdings                                  17,052,664
        Sea Containers Australia Ltd.                 7,451,487
        Sea Containers Ports & Ferries Ltd           80,680,292
        Sea Containers UK                           953,472,122
        Societe Bananiere De Motobe                   1,532,743
        SPCP                                         19,556,914
        Superseacat 2 Ltd.                            1,697,564
        The Bank of New York                         19,200,000
        The Bank of New York                        103,000,000
        The Illustrated London News Group            17,553,770
        U.S. Trust Company of New York              115,000,000
        U.S. Trust Company of New York              149,800,000
        Yorkshire Marine Containers Ltd.             13,030,555
        Others                                          706,459

     TOTAL SCHEDULED LIABILITIES                 $1,545,384,083
     ==========================================================

Headquartered in Hamilton, Bermuda, Sea Containers Ltd. --
http://www.seacontainers.com/-- provides passenger and freight    
transport and marine container leasing.  Registered in Bermuda,
the company has regional operating offices in London, Genoa, New
York, Rio de Janeiro, Sydney, and Singapore.  The company is
owned almost entirely by United States shareholders and its
primary listing is on the New York Stock Exchange (SCRA and
SCRB) since 1974.  On Oct. 3, the company's common shares and
senior notes were suspended from trading on the NYSE and NYSE
Arca after the company's failure to file its 2005 annual report
on Form 10-K and its quarterly reports on Form 10-Q during 2006
with the U.S. Securities and Exchange Commission.

Through its GNER subsidiary, Sea Containers Passenger Transport
operates Britain's fastest railway, the Great North Eastern
Railway, linking England and Scotland.  It also conducts ferry
operations, serving Finland and Estonia as well as a commuter
service between New York and New Jersey in the U.S.

Sea Containers Ltd. and two subsidiaries filed for chapter 11
protection on Oct. 15, 2006 (Bankr. D. Del. Case No. 06-11156).  
Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor
represents the Debtors in their restructuring efforts.  When the
Debtors filed for protection from their creditors, they reported
US$1.7 billion in total assets and US$1.6 billion in total
debts.  (Sea Containers Bankruptcy News, Issue No. 7; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or  
215/945-7000)


SEA CONTAINERS: Services Files Schedules of Assets & Liabilities
----------------------------------------------------------------

A.   Real Property                                         none

B.   Personal Property
B.1  Cash on Hand                                        $7,504
B.2  Bank Accounts
        Bank of America NA - London, UK                       -
        Bank of Scotland - Leeds, UK                      3,428
        Barclays Bank PLC - London, UK                    8,834
        Commerce Bank - Delaware, USA                   250,000
        NatWest PLC - London, UK                            288
B.9  Interests in Insurance Policies                    unknown
B.13 Stocks and Interests in Businesses
        Common Stock - Periandros SA, Greece          2,501,121
B.16 Accounts Receivable
        Trade - London, England                         873,414
        Intercompany receivable
           Ferry & Port Holdings                     52,352,264
           GE SeaCo                                       3,869
           Hart Fenton                                1,847,891
           Newhaven Marina                              358,256
           Periandros                                   839,543
           SC America Inc.                               54,118
           SC Asia Pty                                1,006,914
           SC British Isles                          44,224,454
           SC House Management                          159,779
           YMCL                                       8,819,200
           Insurance premiums to be recharged         1,199,114
B.21 Other Contingent & Unliquidated Claims           2,067,020
B.22 Intellectual Property                              unknown
B.25 Vehicles                                           270,046
B.28 Office Equipment                                 3,256,769
B.35 Other Personal Property
        Due from related parties                      3,927,545
        Other receivables                               986,479
        Prepaid expenses                              1,728,970

     TOTAL SCHEDULED ASSETS                        $126,746,820
     ==========================================================

C.   Property Claimed as Exempt                  not applicable

D.   Secured Claim
        Bank of Scotland                              1,634,106
        Bank of Scotland                                333,255

E.   Unsecured Priority Claims                             none

F.   Unsecured Non-priority Claims
        24 Seven Vending Ltd.                             7,285
        AFE Serviceline                                     934
        Aspen Trustees Limited - 1983 pension scheme    unknown
        Aspen Trustees Limited - 1990 pension scheme    unknown
        Copyright Licensing Agency Ltd.                  10,654
        Fairways & Swinford (Travel) Ltd.               237,578
        GB Crate Hire Ltd.                                  265
        Group 4 Securicor                                 1,475
        IBM (UK) Ltd.                                     2,541
        Janitorial Express                                  470
        Minster Cleaning Services                           216
        Misco                                             2,353
        Office Angels                                        30
        Robert Walters                                   11,177
        SC Property Services                          2,751,973
        Sea Containers Limited                       62,347,052
        Service Point (UK)                                   22
        Sprint International Express Ltd.                 1,154
        Veneglass Limited                               unknown

     TOTAL SCHEDULED LIABILITIES                    $67,342,542
     ==========================================================

Headquartered in Hamilton, Bermuda, Sea Containers Ltd. --
http://www.seacontainers.com/-- provides passenger and freight    
transport and marine container leasing.  Registered in Bermuda,
the company has regional operating offices in London, Genoa, New
York, Rio de Janeiro, Sydney, and Singapore.  The company is
owned almost entirely by United States shareholders and its
primary listing is on the New York Stock Exchange (SCRA and
SCRB) since 1974.  On Oct. 3, the company's common shares and
senior notes were suspended from trading on the NYSE and NYSE
Arca after the company's failure to file its 2005 annual report
on Form 10-K and its quarterly reports on Form 10-Q during 2006
with the U.S. Securities and Exchange Commission.

Through its GNER subsidiary, Sea Containers Passenger Transport
operates Britain's fastest railway, the Great North Eastern
Railway, linking England and Scotland.  It also conducts ferry
operations, serving Finland and Estonia as well as a commuter
service between New York and New Jersey in the U.S.

Sea Containers Ltd. and two subsidiaries filed for chapter 11
protection on Oct. 15, 2006 (Bankr. D. Del. Case No. 06-11156).  
Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor
represents the Debtors in their restructuring efforts.  When the
Debtors filed for protection from their creditors, they reported
US$1.7 billion in total assets and US$1.6 billion in total
debts.  (Sea Containers Bankruptcy News, Issue No. 7; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or  
215/945-7000)


SEA CONTAINERS: Caribbean Files Schedules of Assets & Liabilities
-----------------------------------------------------------------

A.   Real Property                                         none

B.   Personal Property                                  unknown

     TOTAL SCHEDULED ASSETS                             unknown
     ==========================================================

C.   Property Claimed as Exempt                  not applicable

D.   Secured Claim                                         none

E.   Unsecured Priority Claims                             none

F.   Unsecured Non-priority Claims
        Sea Containers America Inc.                  $3,530,094

     TOTAL SCHEDULED LIABILITIES                     $3,530,094
     ==========================================================

Headquartered in Hamilton, Bermuda, Sea Containers Ltd. --
http://www.seacontainers.com/-- provides passenger and freight    
transport and marine container leasing.  Registered in Bermuda,
the company has regional operating offices in London, Genoa, New
York, Rio de Janeiro, Sydney, and Singapore.  The company is
owned almost entirely by United States shareholders and its
primary listing is on the New York Stock Exchange (SCRA and
SCRB) since 1974.  On Oct. 3, the company's common shares and
senior notes were suspended from trading on the NYSE and NYSE
Arca after the company's failure to file its 2005 annual report
on Form 10-K and its quarterly reports on Form 10-Q during 2006
with the U.S. Securities and Exchange Commission.

Through its GNER subsidiary, Sea Containers Passenger Transport
operates Britain's fastest railway, the Great North Eastern
Railway, linking England and Scotland.  It also conducts ferry
operations, serving Finland and Estonia as well as a commuter
service between New York and New Jersey in the U.S.

Sea Containers Ltd. and two subsidiaries filed for chapter 11
protection on Oct. 15, 2006 (Bankr. D. Del. Case No. 06-11156).  
Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor
represents the Debtors in their restructuring efforts.  When the
Debtors filed for protection from their creditors, they reported
US$1.7 billion in total assets and US$1.6 billion in total
debts.  (Sea Containers Bankruptcy News, Issue No. 7; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or  
215/945-7000)


VESTA INSURANCE: Files November 2006 Monthly Operating Report
-------------------------------------------------------------
Vesta Insurance Group Inc. reports $0 cash receipts and
disbursements for the period November 1 to 31, 2006.

Headquartered in Birmingham, Alabama, Vesta Insurance Group, Inc.
(Other OTC: VTAI.PK) -- http://www.vesta.com/-- is a holding  
company for a group of insurance companies that primarily offer
property insurance in targeted states.

Wyatt R. Haskell, Luther S. Pate, UV, and Costa Brava Partnership
III, L.P., filed an involuntary chapter 7 petition against the
Company on July 18, 2006 (Bankr. N.D. Ala. Case No. 06-02517).
The case was converted to a voluntary chapter 11 case on Aug. 8,
2006 (Bankr. N.D. Ala. Case No. 06-02517).  Eric W. Anderson,
Esq., at Parker Hudson Rainer & Dobbs, LLP, represents the Debtor.
R. Scott Williams, Esq., at Haskell Slaughter Young & Rediker,
LLC, represents the petitioning creditors.  In its schedules of
assets and liabilities, Vesta listed $14,919,938 in total assets
and $214,278,847 in total liabilities.

J. Gordon Gaines, Inc., is a Vesta Insurance-owned unit that
manages the company's numerous insurance subsidiaries and employs
the headquarters workers.  The Company filed for chapter 11
protection on Aug. 7, 2006 (Bankr. N.D. Ala. Case No. 06-02808).
Eric W. Anderson, Esq., at Parker Hudson Rainer & Dobbs, LLP,
represent the Debtor in its restructuring efforts.   In its
schedules of assets and liabilities, Gaines listed $19,818,094 in
total assets and $16,046,237 in total liabilities.

On Aug. 1, 2006, the District Court of Travis County, Texas
entered the Order appointing the Texas Commissioner of Insurance
as Liquidator of Vesta Insurance's Texas-domiciled subsidiaries:
Vesta Fire Insurance Corporation; The Shelby Insurance Company;
Shelby Casualty Insurance Corporation; Texas Select Lloyds
Insurance Company; and Select Insurance Services, Inc.  (Vesta
Bankruptcy News, Issue No. 13; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000).


VESTA INSURANCE: Gaines Earns $284,095 in November 2006
-------------------------------------------------------

                      J. Gordon Gaines, Inc.
                         Income Statement
                   Month ending November 30, 2006

Revenue from Total Sales                                $66,272
Less:
   Cost of Sales                                              0
                                                   ------------
Gross Profit                                             66,272

Less:
   Operating Expenses                                    22,512
                                                   ------------
Net Profit Operations                                    43,760

Non-Operating Income (Expenses)
   Interest Earned                                        3,931
   State Tax Refunds                                     42,773
   Non-operational income                                 7,425
   Sale of Property                                     186,206
                                                   ------------
Net Profit (Loss)                                      $284,095
                                                   ============

                      J. Gordon Gaines, Inc.
            Schedule of Cash Receipts and Disbursements
                   Month ending November 30, 2006

Cash On Hand (Beginning)                               $902,677

Cash Receipts:
   Accounts Receivable                                        0
   Management Fees                                       66,272
   Loan Proceeds                                              0
   Sale of Property                                     186,206
   Interest Earned                                        3,931
   State Tax Refunds                                     42,773
   Non-operational Income                                 7,425
   Funding by Texas Receiver                            646,693
   Funding by Texas Receiver in Transit                       0
   Intercompany insurance operations                      1,775
                                                   ------------
Total Receipts                                          955,075

Cash Disbursements:
   Financing costs, fees, interest                            0
   Accounting Fees (payroll fees)                         4,713
   Advertising                                                0
   Automobiles/Vehicles (repair and maintenance)              0
   Bank Fees                                                  0
   Commissions/Contract Labor                                 0
   Insurance Expense                                     37,499
   Interest Paid                                              0
   Storage Cost                                          20,718
   Information System Cost                              110,203
   Inventory Purchased                                        0
   Legal Fees                                             3,801
   Management Fees                                       17,266
   Trustee Fees                                               0
   Postage                                                    0
   Rent/Lease Payments on Real Estate                   130,710
   Operating Costs related to Bankruptcy                  1,445
   Repairs and Maintenance                                    0
   Salaries/Wages (portion paid to J.G. Gaines, Inc.)   283,414
   Secured Loan Payments                                      0
   Supplies                                                 732
   Travel & Entertainment                                     0
   Taxes                                                      0
   Unsecured Loan Payments                                    0
   Utilities                                             14,910
   Others                                                 1,775
                                                   ------------
Total Disbursements                                     627,186

Surplus or Deficit                                      327,889
                                                   ------------
Cash on Hand (End)                                   $1,230,566
                                                   ============

Headquartered in Birmingham, Alabama, Vesta Insurance Group, Inc.
(Other OTC: VTAI.PK) -- http://www.vesta.com/-- is a holding  
company for a group of insurance companies that primarily offer
property insurance in targeted states.

Wyatt R. Haskell, Luther S. Pate, UV, and Costa Brava Partnership
III, L.P., filed an involuntary chapter 7 petition against the
Company on July 18, 2006 (Bankr. N.D. Ala. Case No. 06-02517).
The case was converted to a voluntary chapter 11 case on Aug. 8,
2006 (Bankr. N.D. Ala. Case No. 06-02517).  Eric W. Anderson,
Esq., at Parker Hudson Rainer & Dobbs, LLP, represents the Debtor.
R. Scott Williams, Esq., at Haskell Slaughter Young & Rediker,
LLC, represents the petitioning creditors.  In its schedules of
assets and liabilities, Vesta listed $14,919,938 in total assets
and $214,278,847 in total liabilities.

J. Gordon Gaines, Inc., is a Vesta Insurance-owned unit that
manages the company's numerous insurance subsidiaries and employs
the headquarters workers.  The Company filed for chapter 11
protection on Aug. 7, 2006 (Bankr. N.D. Ala. Case No. 06-02808).
Eric W. Anderson, Esq., at Parker Hudson Rainer & Dobbs, LLP,
represent the Debtor in its restructuring efforts.   In its
schedules of assets and liabilities, Gaines listed $19,818,094 in
total assets and $16,046,237 in total liabilities.

On Aug. 1, 2006, the District Court of Travis County, Texas
entered the Order appointing the Texas Commissioner of Insurance
as Liquidator of Vesta Insurance's Texas-domiciled subsidiaries:
Vesta Fire Insurance Corporation; The Shelby Insurance Company;
Shelby Casualty Insurance Corporation; Texas Select Lloyds
Insurance Company; and Select Insurance Services, Inc.  (Vesta
Bankruptcy News, Issue No. 13; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000).


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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/

On Thursdays, the TCR delivers a list of recently filed chapter 11
cases involving less than $1,000,000 in assets and liabilities
delivered to nation's bankruptcy courts.  The list includes links
to freely downloadable images of these small-dollar petitions in
Acrobat PDF format.

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.  Marie Therese V. Profetana, Robert Max Victor M. Quiblat II,
Shimero R. Jainga, Joel Anthony G. Lopez, Melvin C. Tabao, Rizande
B. Delos Santos, Cherry A. Soriano-Baaclo, Ronald C. Sy, Jason A.
Nieva, Lucilo M. Pinili, Jr., 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.

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