/raid1/www/Hosts/bankrupt/TCR_Public/070106.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 6, 2007, Vol. 10, No. 5

                             Headlines

ASARCO LLC: Earns $23.9 Million in November 2006
ASARCO LLC: Files Amended Schedules of Assets & Liabilities
DELTA AIR: Posts $49 Million Net Loss in November 2006
FEDERAL MOGUL: Posts $69.5 Million Net Loss in November 2006
FLYI INC: Posts $238,718 Net Loss in November 2006

FLYI INC: Independence Air Files November 2006 Operating Report
FOAMEX INTERNATIONAL: Earns $490,000 for Period Ended December 3
MERIDIAN AUTOMOTIVE: Posts $12.9 Million Net Loss in November 2006
MUSICLAND HOLDING: Posts $602,000 Net Loss in November 2006
NEWPOWER HOLDINGS: Files November 2006 Monthly Operating Report

SAINT VINCENTS: Files November 2006 Monthly Operating Report
SOLUTIA INC: Posts $6 Million Net Loss in November 2006

                             *********

ASARCO LLC: Earns $23.9 Million in November 2006
------------------------------------------------

                         ASARCO LLC, et al.
                            Balance Sheet
                       As of November 30, 2006

ASSETS
    Current Assets:
    Cash                                           $402,496,000
    Restricted Cash                                  25,966,000
    Accounts receivable, net                        114,217,000
    Inventory                                       281,937,000
    Prepaid expenses                                  7,894,000
    Deferred income tax assets                                -
    Other current assets                             26,253,000
                                                 --------------
Total Current Assets                                858,762,000

Net property, plant and equipment                   415,594,000
Other Assets
    Investments in subs                              89,561,000
    Advances to affiliates                           13,273,000
    Prepaid pension & retirement plan                77,104,000
    Non-current deferred tax asset                   40,954,000
    Other                                           113,642,000
                                                 --------------
Total assets                                     $1,608,891,000
                                                 ==============

LIABILITIES
Postpetition liabilities:
    Accounts payable                                $34,566,000
    Accrued liabilities                              31,420,000
    Debtor-in-possession financing                            0
                                                 --------------
Total postpetition liabilities                       65,986,000

Prepetition liabilities:
    Not subject to compromise - credit                  796,000
    Not subject to compromise - other                54,904,000
    Advances from affiliates                         28,683,000
    Subject to compromise                         1,007,122,000
                                                 --------------
Total prepetition liabilities                     1,091,506,000
                                                 --------------
Total liabilities                                $1,157,492,000
                                                 --------------

OWNERS' EQUITY (DEFICIT)
Common stock                                        508,325,000
Additional paid-in capital                          104,578,000
Other comprehensive income                         (123,058,000)
Retained earnings: filing date                     (529,240,000)
                                                 --------------
Total prepetition owners' equity                    (39,395,000)
Retained earnings: post-filing date                 487,794,000
                                                 --------------
Total owners' equity (net worth)                    451,399,000

Total liabilities and owners' equity             $1,608,891,000
                                                 ==============

                       ASARCO LLC, et al.
              Consolidated Statement of Operations
                 Month Ending November 30, 2006

Sales                                              $120,238,000
Cost of products and services                        84,804,000
                                                 --------------
Gross profit                                         35,434,000

Operating expenses:
Selling and general & admin expenses                  2,080,000
Depreciation & amortization                           2,712,000
Provision accretion expense of asset
retirement obligation                                  143,000
                                                 --------------
Operating income                                     30,499,000

Interest expense                                         59,000
Interest income                                      (2,023,000)
Reorganization expenses                               6,939,000
Other miscellaneous (income) expenses                  (959,000)
                                                 --------------
Income (loss) before taxes                           24,482,000
Income taxes                                            531,000
                                                 --------------
Net income (loss)                                   $23,951,000
                                                 ==============

                       ASARCO LLC, et al.
           Consolidated Cash Receipts & Disbursements
                 Month Ending November 30, 2006

Receipts                                           $151,600,000
Disbursements:
Inventory material                                   13,750,000
Operating disbursements                              49,732,000
Capital expenditures                                  2,760,000
                                                  -------------
Total disbursements                                  66,242,000

Operating cash flow                                  85,358,000
Reorganization disbursements                          3,521,000
                                                  -------------
Net cash flow                                        81,837,000
Net payments to secured Lenders                               0
                                                  -------------
Net change in cash                                   81,837,000
Beginning cash balance                              346,625,000
                                                  -------------
Ending cash balances                               $428,462,000
                                                  =============

Tucson, Ariz.-based 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.  Lehman Brothers Inc.
provides the ASARCO with financial advisory services and
investment banking services.  Paul M. Singer, Esq., James C.
McCarroll, Esq., and Derek J. Baker, Esq., at Reed Smith LLP give
legal advice to the Official Committee of Unsecured Creditors and
David J. Beckman at FTI Consulting, Inc., gives financial advisory
services to the Committee.  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 proceeding. The Court
appointed Michael Boudloche as Encycle/Texas, Inc.'s Chapter 7
Trustee.  Michael B. Schmidt, Esq., and John Vardeman, Esq., at
Law Offices of Michael B. Schmidt represent the Chapter 7
Trustee.

ASARCO's affiliates, AR Sacaton LLC, Southern Peru Holdings LLC,
and ASARCO Exploration Company Inc., filed for chapter 11
protection on Dec. 12, 2006 (Bankr. S.D. Tex. Case No. 06-20774 to
06-20776).

(ASARCO Bankruptcy News, Issue No. 35; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


ASARCO LLC: Files Amended Schedules of Assets & Liabilities
-----------------------------------------------------------
ASARCO LLC further amends Schedule F of its Schedules of Assets
and Liabilities to reflect an undetermined claim amount asserted
by approximately 636 historical former employees of ASARCO
Consulting Inc. formerly known as Hydrometrics Inc.

Tucson, Ariz.-based 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.  Lehman Brothers Inc.
provides the ASARCO with financial advisory services and
investment banking services.  Paul M. Singer, Esq., James C.
McCarroll, Esq., and Derek J. Baker, Esq., at Reed Smith LLP give
legal advice to the Official Committee of Unsecured Creditors and
David J. Beckman at FTI Consulting, Inc., gives financial advisory
services to the Committee.  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 proceeding. The Court
appointed Michael Boudloche as Encycle/Texas, Inc.'s Chapter 7
Trustee.  Michael B. Schmidt, Esq., and John Vardeman, Esq., at
Law Offices of Michael B. Schmidt represent the Chapter 7
Trustee.

ASARCO's affiliates, AR Sacaton LLC, Southern Peru Holdings LLC,
and ASARCO Exploration Company Inc., filed for chapter 11
protection on Dec. 12, 2006 (Bankr. S.D. Tex. Case No. 06-20774 to
06-20776).

(ASARCO Bankruptcy News, Issue No. 35; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


DELTA AIR: Posts $49 Million Net Loss in November 2006
------------------------------------------------------

                      DELTA AIR LINES, INC.
            Unaudited Consolidated Balance Sheets
                     As of November 30, 2006

                             ASSETS

CURRENT ASSETS:
Cash and cash equivalents                         $2,066,000,000
Short-term investments                               676,000,000
Restricted cash                                      988,000,000
Accounts receivable, net of an allowance for
   uncollectible accounts of $23                     919,000,000
Expendable parts and supplies inventories, net
   of an allowance for obsolescence of $161          180,000,000
Prepaid expenses and other                           907,000,000
                                                 ---------------
Total current assets                               5,736,000,000

PROPERTY AND EQUIPMENT:
Flight equipment                                  17,740,000,000
Accumulated depreciation                          (6,687,000,000)
                                                 ---------------
Flight equipment, net                             11,053,000,000

Ground property and equipment                      4,683,000,000
Accumulated depreciation                          (2,943,000,000)
                                                 ---------------
Ground property and equipment, net                 1,740,000,000

Flight and ground equipment
   under capital leases                              455,000,000
Accumulated amortization                            (134,000,000)
                                                 ---------------
Flight and ground equipment
   under capital leases, net                         321,000,000
                                                 ---------------

Advance payments for equipment                        57,000,000
                                                ---------------
Total property and equipment, net                 13,171,000,000

OTHER ASSETS:
Goodwill                                             227,000,000
Operating rights and other intangibles,
   net of accumulated amortization of $190            89,000,000
Other noncurrent assets                            1,106,000,000
                                                 ---------------
Total other assets                                 1,422,000,000
                                                 ---------------
Total assets                                     $20,329,000,000
                                                 ===============

             LIABILITIES AND SHAREOWNERS' DEFICIT

CURRENT LIABILITIES:
Current maturities of long-term debt
   and capital leases                             $1,350,000,000
Accounts payable, deferred credits
   and other accrued liabilities                   1,546,000,000
Air traffic liability                              2,049,000,000
Taxes payable                                        587,000,000
Accrued salaries and related benefits                400,000,000
                                                 ---------------
Total current liabilities                          5,932,000,000

NONCURRENT LIABILITIES:
Long-term debt and capital leases                  6,708,000,000
Deferred revenue and other credits                   342,000,000
Other                                                757,000,000
                                                 ---------------
Total noncurrent liabilities                       7,807,000,000

LIABILITIES SUBJECT TO COMPROMISE                 20,543,000,000

COMMITMENTS AND CONTINGENCIES

SHAREOWNERS' DEFICIT:
Common stock:
$0.01 par value; 900,000,000 shares
   authorized; 202,081,648 shares issued               2,000,000
Additional paid-in capital                         1,561,000,000
Accumulated deficit                              (12,570,000,000)
Accumulated other comprehensive loss              (2,722,000,000)
Treasury stock at cost, 4,745,710 shares            (224,000,000)
                                                 ---------------
Total shareowners' deficit                       (13,953,000,000)
                                                 ---------------
Total liabilities and shareowners' deficit       $20,329,000,000
                                                 ===============

                      DELTA AIR LINES, INC.
          Unaudited Consolidated Statement of Operations
              For the Month Ended November 30, 2006

OPERATING REVENUES:
Passenger:
   Mainline                                         $912,000,000
   Regional affiliates                               320,000,000
Cargo                                                 40,000,000
Other, net                                            93,000,000
                                                 ---------------
Total operating revenues                           1,365,000,000

OPERATING EXPENSES:
Aircraft fuel                                        324,000,000
Salaries and related costs                           320,000,000
Contract carrier arrangements                        201,000,000
Depreciation and amortization                        100,000,000
Contracted services                                   95,000,000
Passenger commissions and
   other selling expenses                             65,000,000
Landing fees and other rents                          60,000,000
Aircraft maintenance materials and
   outside repairs                                    58,000,000
Passenger service                                     26,000,000
Aircraft rent                                         26,000,000
Restructuring, asset writedowns, pension
   settlements and related items, net                  1,000,000
Other                                                 37,000,000
                                                 ---------------
Total operating expenses                           1,313,000,000
                                                 ---------------
OPERATING INCOME                                      52,000,000
                                                 ---------------
OTHER INCOME (EXPENSE):
Interest expense (contractual interest
   expense equals $96 for the month ended
   November 30, 2006)                                (69,000,000)
Interest income                                        6,000,000
Miscellaneous, net                                    (1,000,000)
                                                 ---------------
Total other expense, net                             (64,000,000)
                                                 ---------------
LOSS BEFORE REORGANIZATION ITEMS, NET                (12,000,000)

REORGANIZATION ITEMS, NET                            (37,000,000)
                                                 ---------------
LOSS BEFORE INCOME TAXES                             (49,000,000)

INCOME TAX BENEFIT                                            --
                                                 ---------------
NET LOSS                                            ($49,000,000)
                                                 ===============

                      DELTA AIR LINES, INC.
         Unaudited Consolidated Statements of Cash Flows
               For the Month ended November 30, 2006

CASH FLOWS FROM OPERATING ACTIVITIES                ($51,000,000)

CASH FLOWS FROM INVESTING ACTIVITIES:
Property and equipment additions:
   Flight equipment, including
      advance payments                               (37,000,000)
   Ground property and equipment                      (7,000,000)
Decrease in restricted investments, net               59,000,000
                                                 ---------------
Net cash provided by investing activities             15,000,000

CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on long-term debt and
   capital lease obligations                         (49,000,000)
Other, Net                                            (1,000,000)
                                                 ---------------
Net cash used by financing activities                (50,000,000)
                                                 ---------------
Net increase in cash and cash equivalents            (86,000,000)

Cash & cash equivalents at beginning of period     2,152,000,000
                                                 ---------------
Cash & cash equivalents at end of period          $2,066,000,000
                                                 ===============

Delta Air Lines filed its Monthly Operating Report for
November 2006 with the U.S. Bankruptcy Court for the Southern
District of New York.  Key points include:

     * Delta's November 2006 net loss was $49 million.  Excluding
       reorganization items, the November 2006 net loss was
       $12 million.

     * November 2006 operating income was $52 million, a
       $159 million improvement over November 2005.

     * As of Nov. 30, 2006, Delta had $2.7 billion of
       unrestricted cash, cash equivalents and short-term
       investments.

Delta reported a net loss of $49 million in the month of
November 2006, compared to a net loss of $181 million in
November 2005.  Delta's net loss before reorganization items was
$12 million for November 2006, a $152 million improvement versus
the prior year period.  Delta's operating income of $52 million,
a $159 million improvement over November 2005, includes a
$31 million negative impact of fuel hedges for the month.  As
of Nov. 30, 2006, Delta had $3.8 billion of cash, cash
equivalents and short-term investments, of which $2.7 billion
was unrestricted.

                      Restructuring Progress

In September 2005, Delta announced a comprehensive
restructuring plan intended to deliver an additional $3 billion
in annual financial benefits through revenue improvements and
cost reductions by the end of 2007.  During the month of
November, Delta demonstrated its continuing progress in
restructuring its business, as follows:

     * Delta's length of haul adjusted consolidated passenger
       unit revenues (PRASM) increased 13.2% for November 2006
       versus November 2005, as compared to the industry
       (excluding Delta) average PRASM increase of 5.3% over the
       same period.  Notably, Delta recorded PRASM of 17.1 cents
       on Sunday, November 26, the highest single-day PRASM in
       the company's history.

     * Delta reduced its operating expenses by 8.1% on a capacity
       reduction of 6.5%, resulting in a 1.7% reduction in
       consolidated unit costs (CASM) in November 2006 compared
       to November 2005. Mainline non-fuel CASM was 7.33 cents
       for the month, a 2.7% improvement year over year.

"November's results continue the momentum that will deliver
a nearly $2 billion year over year improvement in Delta's net
income excluding reorganization items for 2006," said Edward H.
Bastian, Delta's executive vice president and chief financial
officer.  "These results reflect the strength of our business
plan and further underscore our confidence to emerge from
bankruptcy as a strong, standalone company in the Spring of
2007."

                  Important Financial Disclosure

On Dec. 19, 2006, Delta filed a standalone Plan of Reorganization,
which is subject to confirmation by the United States Bankruptcy
Court for the Southern District of New York, and requires
submission to a vote of creditors.  Under the Plan, current
holders of Delta's common stock would receive no distribution, and
the common stock would be cancelled upon the effective date of the
Plan.  Delta believes any plan of reorganization the company
proposes would result in holders of certain liabilities and
securities receiving no value for their interests.  Because of
such possibilities, the value of Delta's liabilities and
securities is highly speculative.  Accordingly, caution should be
exercised with respect to existing and future investments in any
of these liabilities or securities.

Headquartered in Atlanta, Georgia, Delta Air Lines
-- http://www.delta.com/--is the world's second-largest airline      
in terms of passengers carried and the leading U.S. carrier across
the Atlantic, offering daily flights to 502 destinations in 88
countries on Delta, Song, Delta Shuttle, the Delta Connection
carriers and its worldwide partners.  The Company and 18
affiliates filed for chapter 11 protection on Sept. 14, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-17923).  Marshall S. Huebner,
Esq., at Davis Polk & Wardwell, represents the Debtors in their
restructuring efforts.  Timothy R. Coleman at The Blackstone Group
L.P. provides the Debtors with financial advice.  Daniel H.
Golden, Esq., and Lisa G. Beckerman, Esq., at Akin Gump Strauss
Hauer & Feld LLP, provide the Official Committee of Unsecured
Creditors with legal advice.  John McKenna, Jr., at Houlihan Lokey
Howard & Zukin Capital and James S. Feltman at Mesirow Financial
Consulting, LLC, serve as the Committee's financial advisors.  As
of June 30, 2005, the Company's balance sheet showed $21.5 billion
in assets and $28.5 billion in liabilities. (Delta Air Lines
Bankruptcy News, Issue No. 54; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or215/945-7000).


FEDERAL MOGUL: Posts $69.5 Million Net Loss in November 2006
------------------------------------------------------------

               Federal-Mogul Global, Inc., et al.
                    Unaudited Balance Sheet
                     As of November 30, 2006
                         (In millions)

                             Assets

Cash and equivalents                                        $70.7
Accounts receivable                                         583.9
Inventories                                                 435.3
Deferred taxes                                               97.4
Prepaid expenses and other current assets                    97.2
                                                         --------
Total current assets                                      1,284.5

Summary of Unpaid Postpetition Debits                       (78.4)
Intercompany Loans Receivable (Payable)                   2,085.9
                                                         --------
Intercompany Balances                                     2,007.5

Property, plant and equipment                               825.3
Goodwill                                                    932.4
Other intangible assets                                     387.9
Insurance recoverable                                       857.5
Other non-current assets                                    889.1
                                                         --------
Total Assets                                             $7,184.3
                                                         ========

              Liabilities and Shareholders' Equity

Short-term debt                                            $489.2
Accounts payable                                            219.6
Accrued compensation                                         82.3
Restructuring and rationalization reserves                   23.2
Current portion of asbestos liability                           -
Interest payable                                              5.5
Other accrued liabilities                                   248.0
                                                         --------
Total current liabilities                                 1,067.7

Long-term debt                                                  -
Post-employment benefits                                    721.9
Other accrued liabilities                                   786.4
Liabilities subject to compromise                         5,869.3

Shareholders' equity:
   Preferred stock                                        1,050.6
   Common stock                                             565.8
   Additional paid-in capital                             8,079.3
   Accumulated deficit                                  (11,244.5)
   Accumulated other comprehensive income                   287.8
   Other                                                        -
                                                         --------
Total Shareholders' Equity                               (1,261.0)
                                                         --------
Total Liabilities and Shareholders' Equity               $7,184.3
                                                         ========

               Federal-Mogul Global, Inc., et al.
               Unaudited Statement of Operations
              For the Month Ended November 30, 2006
                         (In millions)

Net sales                                                  $258.1
Cost of products sold                                       214.1
                                                         --------
Gross margin                                                 44.0

Selling, general & administrative expenses                  (44.7)
Amortization                                                 (1.1)
Reorganization items                                        (55.8)
Interest expense, net                                       (17.1)
Other expense, net                                            6.0
                                                         --------
Earnings before Income Taxes                                (68.8)

Income Tax (Expense) Benefit                                  0.7
                                                         --------
Earnings before cumulative effect of change
   in acctg. principle                                      (69.5)
                                                         --------
Net Earnings (loss)                                        ($69.5)
                                                         ========

               Federal-Mogul Global, Inc., et al.
               Unaudited Statement of Cash Flows
              For the month ended November 30, 2006
                         (In millions)

Cash Provided From (Used By) Operating Activities:
   Net earning (loss)                                      ($69.5)
Adjustments to reconcile net earnings (loss) to net cash:
   Depreciation and amortization                             13.0
   Adjustment of assets held for sale and
      other long-lived assets to fair value                     -
   Asbestos charge                                              -
   Summary of unpaid postpetition debits                        -
   Cumulative effect of change in acctg. principle              -
   Change in post-employment benefits                           -
   Decrease (increase) in accounts receivable                 7.9
   Decrease (increase) in inventories                        10.7
   Increase (decrease) in accounts payable                   (4.8)
   Change in other assets & other liabilities                86.9
   Change in restructuring charge                             0.2
   Refunds (payments) against asbestos liability                -
                                                         --------
Net Cash Provided From Operating Activities                  44.4

Cash Provided From (Used By) Investing Activities:
   Expenditures for property, plant & equipment              (7.4)
   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        (7.4)

Cash Provided From (Used By) Financing Activities:
   Increase (decrease) in debt                              (40.9)
   Sale of accounts receivable under securitization             -
   Dividends                                                    -
   Other                                                      1.7
                                                         --------
Net Cash Provided From Financing Activities                 (39.2)

Increase (Decrease) in Cash and Equivalents                  (2.2)

Cash and equivalents at beginning of period                  72.8
                                                         --------
Cash and equivalents at end of period                       $70.7
                                                         ========

Headquartered in Southfield, Michigan, Federal-Mogul Corporation
-- http://www.federal-mogul.com/-- is an automotive parts company    
with worldwide revenue of some $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 $10.15 billion in assets and $8.86 billion
in liabilities.  Federal-Mogul Corp.'s U.K. affiliate, Turner &
Newall, is based at Dudley Hill, Bradford. Peter D. Wolfson, Esq.,
at Sonnenschein Nath & Rosenthal; and Charlene D. Davis, Esq.,
Ashley B. Stitzer, Esq., and Eric M. Sutty, Esq., at The Bayard
Firm represent the Official Committee of Unsecured Creditors.  
(Federal-Mogul Bankruptcy News, Issue No. 123; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or      
215/945-7000).


FLYI INC: Posts $238,718 Net Loss in November 2006
--------------------------------------------------

                             FLYi Inc.
                    Consolidated Balance Sheet
                      As of November 30, 2006

ASSETS

Current assets
   Cash                                               $1,224,957
   Short term investments                                      -
   Net accounts receivable                           379,627,803
   IC Notes receivable                                 4,252,000
                                                   -------------
   Total Current Assets                              385,104,760
                                                   -------------
Other assets
   Restricted cash                                             -
   Long term investments                               7,435,000
   Other assets                                       14,055,412
                                                   -------------
   Total Other Assets                                 21,490,412
                                                   -------------
   TOTAL ASSETS                                     $406,595,172
                                                   =============

LIABILITIES

Liabilities not subject to compromise
Liabilities subject to compromise
   Secured debt                                               $0
   Priority debt                                               -
   Unsecured debt                                    251,665,568
                                                   -------------
   Total Liabilities                                 251,665,568
                                                   -------------

OWNER EQUITY

   Common stock                                        1,088,716
   Additional paid in capital                        158,254,512
   Treasury stock                                    (35,717,477)
   Prepetition retained earnings                      39,858,773
   Postpetition retained earnings                     (8,554,919)
                                                   -------------
   Net Owner Equity                                  154,929,605
                                                   -------------
   TOTAL LIABILITIES AND OWNER EQUITY               $406,595,173
                                                   =============

                             FLYi Inc.
                     Statement of Operations
                          November 2006

Revenues                                                      $0
Operating Expense                                          1,135
                                                   -------------
Net Profit (Loss) before Other Income & Expenses          (1,135)

Other (income) expenses
   Interest income                                        (4,500)
   Interest expense                                            -
   Other miscellaneous                                         -
                                                   -------------
Net Profit (Loss) before reorganization items              3,366
Reorganization items
   Professional fees                                     242,083
   U.S. Trustee Quarterly Fees                                 -
   Income Taxes                                                -
                                                   -------------
Net Profit (Loss)                                      ($238,718)
                                                   =============

Headquartered in Dulles, Virginia, FLYi, Inc., aka Atlantic Coast
Airlines Holdings, Inc. -- http://www.flyi.com/-- is the parent   
of Independence Air Inc., a small airline based at Washington
Dulles International Airport.  The Debtor and its six affiliates
filed for chapter 11 protection on Nov. 7, 2005 (Bankr. D. Del.
Case Nos. 05-20011 through 05-20017).  Brendan Linehan Shannon,
Esq., M. Blake Cleary, Esq., and Matthew Barry Lunn, Esq., at
Young, Conaway, Stargatt & Taylor, represent the Debtors in their
restructuring efforts.  Brett H. Miller, Esq., at Otterbourg,
Steindler, Houston & Rosen, P.C., represents the Official
Committee of Unsecured Creditors.  As of Sept. 30, 2005, the
Debtors listed assets totaling $378,500,000 and debts totaling
$455,400,000.  (FLYi Bankruptcy News, Issue No. 31; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or   
215/945-7000).


FLYI INC: Independence Air Files November 2006 Operating Report
---------------------------------------------------------------

                       Independence Air Inc.
                    Consolidated Balance Sheet
                      As of November 30, 2006

ASSETS

Current assets
   Cash                                              $44,134,668
   Short term investments                            104,500,000
   Restricted cash                                     1,486,057
   Net accounts receivable                            98,965,840
   Net expandable parts and fuel                          62,636
   Net prepaid expenses                                4,476,862
   Deferred tax asset                                         (1)
                                                   -------------
Total current assets                                 253,626,062
                                                   -------------
Other assets
   Restricted cash                                     3,168,828
   Net depreciation, property and equipment                  979
   Aircraft deposits                                  11,112,000
   Other assets                                          419,643
                                                   -------------
Total other assets                                    14,701,450
                                                   -------------
   TOTAL ASSETS                                     $268,327,512
                                                   =============
LIABILITIES

Liabilities not subject to compromise
   Accounts payable                                   $4,031,666
   Air traffic liability                                 833,822
   Accrued liabilities                                 1,043,224
   Amounts due to insiders                                26,667
                                                   -------------
Total Postpetition Liabilities                         5,935,379
                                                   -------------

Liabilities subject to compromise
   Secured debt                                        1,045,266
   Priority debt                                      10,517,152
   Unsecured debt                                    391,774,398
   Other accruals                                     14,276,936
                                                   -------------
Total prepetition liabilities                        417,613,751
                                                   -------------
Total Liabilities                                    423,549,131
                                                   -------------
OWNER EQUITY

   Common stock
   Treasury stock                                      7,435,000
   Owner's equity account
   Prepetition retained earnings                    (243,575,613)
   Postpetition retained earnings                     80,918,995
                                                   -------------
Net Owner Equity                                    (155,221,618)
                                                   -------------
   TOTAL LIABILITIES AND OWNER EQUITY               $268,327,512
                                                   =============

                       Independence Air Inc.
                     Statement of Operations
                          November 2006

Revenues
Operating Revenue
   Passenger revenue                                          $0
   Other revenue                                               -
                                                   -------------
Total operating revenues                                       -
                                                   -------------
Operating expenses
Insider compensation                                      13,333
   Wages                                                 386,876
   Fringes and benefits                                   21,454
   Aircraft fuel                                          26,597
   Aircraft maintenance and materials                        599
   Traffic Commissions                                         -
   CRS Fees                                                    -
   Facilities rents                                     (110,693)
   Landing fees                                           41,531
   Depreciation and amortization                               -
   Others                                                  38,798
   Retirement & restructuring charge                      17,207
                                                   -------------
Total operating expense                                  435,701
                                                   -------------
Net operating income (loss)                             (435,701)
                                                   -------------
Net Profit (Loss) before other income & expenses        (435,701)
                                                   -------------
Other (income) expenses
   Interest income                                      (670,356)
   Interest expense                                        3,395
   Other miscellaneous                                      (258)
                                                   -------------
   Total other (income) expense                         (667,219)
                                                   -------------
Net Profit (Loss) before reorganization items            231,517
                                                   -------------
Reorganization items
   Professional fees                                     242,083
   U.S. Trustee Quarterly Fees                                 -
   Income Taxes                                                -
                                                   -------------
Net Profit (Loss)                                       ($10,566)
                                                   =============

Headquartered in Dulles, Virginia, FLYi, Inc., aka Atlantic Coast
Airlines Holdings, Inc. -- http://www.flyi.com/-- is the parent   
of Independence Air Inc., a small airline based at Washington
Dulles International Airport.  The Debtor and its six affiliates
filed for chapter 11 protection on Nov. 7, 2005 (Bankr. D. Del.
Case Nos. 05-20011 through 05-20017).  Brendan Linehan Shannon,
Esq., M. Blake Cleary, Esq., and Matthew Barry Lunn, Esq., at
Young, Conaway, Stargatt & Taylor, represent the Debtors in their
restructuring efforts.  Brett H. Miller, Esq., at Otterbourg,
Steindler, Houston & Rosen, P.C., represents the Official
Committee of Unsecured Creditors.  As of Sept. 30, 2005, the
Debtors listed assets totaling $378,500,000 and debts totaling
$455,400,000.  (FLYi Bankruptcy News, Issue No. 31; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or   
215/945-7000).


FOAMEX INTERNATIONAL: Earns $490,000 for Period Ended December 3
----------------------------------------------------------------

          Foamex International, Inc., et al., as Debtors
                    Consolidated Balance Sheet
                      As of November 30, 2006

                              ASSETS
Current Assets
      Cash                                            $7,467,000
      Accounts Receivable                            172,641,000
      Inventory                                      115,014,000
      Other Current Assets                            23,312,000
                                                  --------------
Total Current Assets                                 318,434,000

Land and Land Improvements                             5,102,000
Buildings                                             86,890,000
Leasehold Improvement                                  6,517,000
Machinery and Equipment                              201,938,000
Furniture and Fixtures                                 5,044,000
Auto Equipment                                         7,751,000
Computer Equipment                                     9,180,000
Construction in Progress                               4,526,000
Accumulated Depreciation                            (231,101,000)
                                                  --------------
Total property plant & equipment, net                 95,847,000

Goodwill                                              86,191,000
Debt Issuance Costs                                    1,112,000
Investment in Subsidiaries                            14,330,000
Long-term Intercompany Receivable                      4,850,000
Other Assets                                          58,705,000
                                                  --------------
Total Assets                                        $579,469,000
                                                  ==============

              LIABILITIES & STOCKHOLDERS' DEFICIENCY

Current liabilities
      Revolver borrowings                            $66,131,000
      Current portion of long-term debt               86,232,000
      Accounts payable                                85,918,000
      Intercompany                                       231,000
      Accrued Employee Costs                          21,470,000
      Accrued Rebates                                  8,319,000
      Accrued Interest                                 3,599,000
      Other Current Liabilities                       22,916,000
                                                  --------------
Total Current Liabilities                            294,816,000
                                                  --------------

Long-term Debt                                           178,000
Intercompany Debt                                              0
Liabilities subject to compromise                    661,212,000
Other Liabilities                                     24,868,000
                                                  --------------
Total Long-term liabilities                          686,258,000
                                                  --------------
Total Liabilities                                   $981,074,000
                                                  --------------

Common stock                                             283,000
Preferred stock                                           15,000
Additional paid-in capital                           104,002,000
Treasury stock                                       (27,969,000)
Partner's capital                                              0
Other comprehensive income (loss)                    (37,709,000)
Shareholder loans                                     (9,221,000)
Accumulated deficit                                 (431,006,000)
                                                  --------------
Shareholders' deficiency                            (401,605,000)
                                                  --------------
Total Liabilities & Stockholders' Deficiency        $579,469,000
                                                  ==============

               Foamex International, et al., as Debtors
                    Consolidated Income Statement
                    October 30 to December 3, 2006


Gross Sales                                         $124,528,000
Rebates, Discount & Sale Allowance                    (5,468,000)
                                                  --------------
Net sales                                            119,060,000

Material                                              79,993,000
Labor                                                  3,934,000
Overhead                                              13,020,000
Asset Impairments                                              0
Freight/Shipping                                       4,602,000

Cost of Sales                                        101,549,000
                                                  --------------
Gross Profit                                          17,511,000
                                                  --------------

Labor Expense                                          4,725,000
Indirect Materials & Samples                             120,000
Equipment and Maintenance Expense                         23,000
Facility Expense                                         159,000
Travel & Entertainment                                   411,000
Technology                                               188,000
Professional Fees & Services                           1,041,000
Other Miscellaneous Expense                              275,000
Insurance & Tax                                          279,000
Bad debt expense                                        (196,000)
Bank/Collection Costs                                     46,000
Transportation Cost                                       14,000
Depreciation/Amortization                                420,000
Corp. Cost to COS                                       (856,000)
                                                  --------------
Selling, General & Admin Expenses                      6,649,000
                                                  --------------

Gain (Loss) on sale of assets                           (215,000)
Restructuring Charges                                     55,000

Income from Operations                                10,592,000

Interest Expense                                       8,055,000
Equity in earnings of JV & non debtor subs              (261,000)
Other income (expense)                                   (71,000)
Professional Fees                                      1,815,000
Provision (Gains) - Rejected Contracts                  (100,000)
Bankruptcy Filing Fees                                         0
Other Expense (Income)                                         0
Debt Adjustment Gain (Loss)                                    0
                                                  --------------
Reorganization Expense (Income)                        1,715,000
                                                  --------------
Income (Loss) before tax                                 490,000
Tax Provision (benefit)                                        0
                                                  --------------
Net Income (Loss)                                       $490,000
                                                  ==============

Headquartered in Linwood, Pa., Foamex International Inc.
-- http://www.foamex.com/-- is the world's leading producer of         
comfort cushioning for bedding, furniture, carpet cushion and
automotive markets.  The Company also manufactures high-
performance polymers for diverse applications in the industrial,
aerospace, defense, electronics and computer industries.  The
Company and eight affiliates filed for chapter 11 protection on
Sept. 19, 2005 (Bankr. Del. Case Nos. 05-12685 through 05-12693).  
Attorneys at Paul, Weiss, Rifkind, Wharton & Garrison LLP,
represent the Debtors in their restructuring efforts.  Houlihan,
Lokey, Howard and Zukin and O'Melveny & Myers LLP are advising the
ad hoc committee of Senior Secured Noteholders.  Kenneth A. Rosen,
Esq., and Sharon L. Levine, Esq., at Lowenstein Sandler PC and
Donald J. Detweiler, Esq., at Saul Ewings, LP, represent the
Official Committee of Unsecured Creditors.  As of July 3,
2005, the Debtors reported $620,826,000 in total assets and
$744,757,000 in total debts.  (Foamex International Bankruptcy
News, Issue No. 36; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


MERIDIAN AUTOMOTIVE: Posts $12.9 Million Net Loss in November 2006
------------------------------------------------------------------

             Meridian Automotive Systems - Composites
                 Operations, Inc. and Subsidiaries
               Unaudited Consolidated Balance Sheet
                      As of November 30, 2006
                          (In Thousands)

CURRENT ASSETS:
    Cash                                                       -
    Accounts receivable, net                             $74,779
    Intercompany receivable                               14,934
    Inventories                                           60,138
    Tooling costs in excess of billings and others        26,181
                                                      ----------
       TOTAL CURRENT ASSETS                              176,032
                                                      ----------
    Property, plant and equipment, net                   198,106
    Intangible assets                                     15,163
    Investment in subsidiaries                            23,863
    Other assets                                          10,800
                                                      ----------
       TOTAL ASSETS                                     $423,964
                                                      ==========

CURRENT LIABILITIES NOT SUBJECT TO COMPROMISE:
    Current portion of long term debt                     56,522
    Accounts payable                                      51,677
    Accrued expenses                                      41,444
    Tooling billings in excess of costs                    4,520
                                                      ----------
       TOTAL CURRENT LIABILITIES                         154,163
                                                      ----------

    Liabilities subject to compromise                    816,178

    Non-Current Liabilities Not Subject to Compromise:
       Other long-term liabilities                         8,745
       Accumulated post-retirement benefit obligation     23,267
                                                      ----------
       TOTAL LIABILITIES                               1,002,353
       SHAREHOLDERS' EQUITY                             (578,389)
                                                      ----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY              $423,964
                                                      ==========

              Meridian Automotive Systems - Composite
                 Operations, Inc. and Subsidiaries
                 Unaudited Statement of Operations
                      November 1 to 30, 2006
                           (In Thousands)

Net sales                                                $62,477
Cost of sales                                             61,032
                                                      ----------
Gross profit                                               1,445

Selling, general and administrative expenses               2,800
Restructuring charges                                      1,840
                                                      ----------
Operating income (loss)                                   (3,195)

Interest expense, net                                      8,753
Other (expense) income                                       (19)
Chapter 11 and related reorganization items                1,023
                                                      ----------
Loss before provision for income taxes                   (12,952)
(Benefit) Provision for income taxes                          17
                                                      ----------
NET LOSS                                                ($12,969)
                                                      ==========

              Meridian Automotive Systems - Composite
                 Operations, Inc. and Subsidiaries
                 Unaudited Statement of Cash Flows
                      November 1 to 30, 2006
                           (In Thousands)

OPERATING ACTIVITIES:
    Net loss                                            ($12,969)
    Adjustments required to reconcile net loss to net
     cash provided by (used in) operating activities:
       Depreciation, amortization, and impairment          4,328
       Change in working capital and other operating
        items                                             17,383
                                                      ----------
     Net cash provided by (used for) operating
      activities before reorganization items               8,742
                                                      ----------
     Operating cash flows from reorganization items:
        Chapter 11 and related reorganization items        1,023
        Payments on Chapter 11 and related reorg items    (1,169)
                                                      ----------
     Net cash provided by Chapter 11 and related
      reorg items                                           (146)

     Net cash provided by (used for) operating
      activities                                           8,596

INVESTING ACTIVITIES:
    Additions to property and equipment                   (1,055)
    Proceeds from sale or property and equipment               9
                                                      ----------
    Net cash used for investing activities                (1,046)
                                                      ----------

FINANCING ACTIVITIES:
    Proceeds from prepetition borrowings                       -
    Repayments of prepetition borrowings                       -
    Proceeds from DIP credit facility                     28,800
    Repayments of DIP credit facility                    (34,000)
    Repayments on prepetition long-term debt                   -
    Deferred financing costs capitalized                  (2,350)
                                                      ----------
Net cash (used for) provided by financing activities      (7,550)
                                                      ----------
Net increase (decrease) in cash                                -
                                                      ----------
Cash and Cash Equivalents, beginning of period                 -

Cash and Cash Equivalents, end of period                       -
                                                      ==========

Headquartered in Dearborn, Mich., Meridian Automotive Systems
Inc. -- http://www.meridianautosystems.com/-- supplies     
technologically advanced front and rear end modules, lighting,
exterior composites, console modules, instrument panels and other
interior systems to automobile and truck manufacturers.  Meridian
operates 22 plants in the United States, Canada and Mexico,
supplying Original Equipment Manufacturers and major Tier One
parts suppliers.  The Company and its debtor-affiliates filed for
chapter 11 protection on April 26, 2005 (Bankr. D. Del. Case Nos.
05-11168 through 05-11176).  James F. Conlan, Esq., Larry J.
Nyhan, Esq., Paul S. Caruso, Esq., and Bojan Guzina, Esq., at
Sidley Austin Brown & Wood LLP, and Robert S. Brady, Esq., Edmon
L. Morton, Esq., Edward J. Kosmowski, Esq., and Ian S. Fredericks,
Esq., at Young Conaway Stargatt & Taylor, LLP, represent the
Debtors in their restructuring efforts.  Eric E. Sagerman, Esq.,  
at Winston & Strawn LLP represents the Official Committee of  
Unsecured Creditors.  The Committee also hired Ian Connor  
Bifferato, Esq., at Bifferato, Gentilotti, Biden & Balick, P.A.,  
to prosecute an adversary proceeding against Meridian's First Lien  
Lenders and Second Lien Lenders to invalidate their liens.  When  
the Debtors filed for protection from their creditors, they listed  
$530 million in total assets and approximately $815 million in  
total liabilities.  (Meridian Bankruptcy News, Issue No. 48;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


MUSICLAND HOLDING: Posts $602,000 Net Loss in November 2006
-----------------------------------------------------------

                       Musicland Holding Corp.
                      Consolidated Balance Sheet
                       As of November 30, 2006

ASSETS
Current Assets
   Cash                                             $28,215,000
   Letter of Credit/Other Deposits                      931,000
   Other
      Amounts due from TransWorld                     6,279,000
      Receivables from Sub-leases                       774,000
      Amounts due from GOB sales                              0
      Miscellaneous CC                                   29,000
      Vendors Credit due from services                2,608,000
                                                  -------------
      Total                                          38,836,000

Fixed Assets                                                  0
Other non-current assets
   Transport Logistic deposit                                 0
   Insurance Deposits                                 3,977,000
                                                  -------------
      TOTAL ASSETS                                  $42,813,000
                                                  =============

Liabilities & Shareholders' deficit
Current liabilities
   Accounts payable
      Due to Transworld                                      $0
      Due to Deluxe                                           0
      A/P                                                     0
   Other accrued liabilities
      Logistic Accrual                                  415,000
      Deferred Income                                         0
      Insurance Reserve                               3,380,000
      Accrued Payroll & Employee Benefits:
         Accrued Vacation                                 7,000
         Accrued Severance                                    0
         Accrued Employer Payroll Taxes                  15,000
         Health Insurance Benefits Reserves             251,000
      Sales Tax                                         178,000
      5% Admin. Fee on Wachovia L/C                     250,000
      FY06 Tax Return & Employee Benefit                      0
         Audit Services                                  62,000
      Payroll/W2 & 1099 System                           46,000
      Miscellaneous                                      29,000
   Gift Card liabilities                                      0
                                                  -------------
      Total                                           4,634,000
                                                  -------------

DIP financing                                                 0
Other LT Liabilities                                          0
Liabilities subject to compromise                   330,247,000
Shareholders' deficit                              (292,068,000)
                                                  -------------
      TOTAL LIABILITIES &
      SHAREHOLDERS' DEFICIT                         $42,813,000
                                                  =============

                       Musicland Holding Corp.
                       Statement of Operations
               For the Month Ended November 30, 2006


Merchandise revenue                                           -
Non-merchandise revenue                                       -

   Net sales                                                  -

Cost of good sold                                             -

   Gross Profit                                               -

Store operating expenses
   Payroll                                             $218,000
   Occupancy                                                  0
   Other                                                126,000
                                                  -------------
      Store expenses                                          0
                                                  -------------
General & administrative                                344,000
                                                  -------------
EBITDA (Loss)                                          (344,000)
                                                  -------------

   Hilco 340 Store GOB                                        0
   Chapter 11 & related charges                        (491,000)
   Sale to Transworld                                         0
   Hilco 65                                                   0
   Media Play Wind down                                       0
   Depreciation & Amortization                                0
                                                  -------------
      Operating income (Loss)                          (835,000)

   Interest income (expense)                             78,000
   Other non-operating charges                          155,000
                                                  -------------
      Earnings before Taxes                            (602,000)
                                                  -------------
   Income tax                                                 0
                                                  -------------
      Net earnings (Loss)                             ($602,000)
                                                  =============

                       Musicland Holding Corp.
                       Statements of Cash Flow
               For the Month Ended November 30, 2006


Operating activities
   Net earnings (Loss)                                ($602,000)
   Adjustments to reconcile net earnings (loss)
      to net cash provided by (used in)
      operating activities:                             264,000
         Loss on utility deposits write off                   0

   Changes in operating assets & liabilities:
      Inventory                                               0
      Other current assets                            3,974,000
      Other Non-current Assets                       (3,427,000)
      Accounts payable                                        0
      Other accrued liabilities                               0

      Liabilities subject to compromise                       0
                                                  -------------
   Net cash provided by (used in)
      operating activities                              209,000
                                                  -------------

Investing activities
   Change in other long term asset/liabilities                -
   Retirement of fixed assets                                 -
      Net cash                                                -

Financing activities
   Distribution to Secured Creditors                          0
                                                  -------------
Increase/decrease in cash                               209,000
                                                  -------------
   Cash at the beginning of Period                   28,006,000
                                                  -------------
   Cash at the end of Period                        $28,215,000
                                                  =============

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.   Mark T.
Power, Esq., at Hahn & Hessen LLP, represents the Official
Committee of Unsecured Creditors.  When the Debtors filed for
protection from their creditors, they estimated more than $100
million in assets and debts.  (Musicland Bankruptcy News, Issue
No. 25; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


NEWPOWER HOLDINGS: Files November 2006 Monthly Operating Report
---------------------------------------------------------------
NewPower Holdings Inc. filed its Monthly Operating Report for
the period from Oct. 31, 2006, to Nov. 30, 2006 with the U.S.
Bankruptcy Court for the Northern District of Georgia, Newnan
Division on Dec. 29, 2006.  The company reports an opening
cash balance of $50,793,000 and a closing cash balance of
$25,076,000.

A full-text copy of NewPower Holdings, Inc.'s Monthly Operating
Report for the period from Oct. 31, 2006, to Nov. 30, 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.


SAINT VINCENTS: Files November 2006 Monthly Operating Report
------------------------------------------------------------

                         SVCMC Debtors
             Unaudited Consolidated Balance Sheet
                    As of November 30, 2006

ASSETS
Cash & Cash Equivalents                              $42,296,360
Patients Accounts Receivable, less allowance for
   doubtful accounts                                 143,912,935
Accounts Receivable Other                             41,377,861
Other Current Assets                                  43,424,481
Assets Held for Sale                                  83,114,634
                                                  --------------
   Total Current Assets                              354,126,271

Depreciation Reserve Funds & Collaterized Assets      10,836,570
Assets Designated for Self-Insurance
   Investments at Market                              44,890,865
Assets whose use is limited -
   Investments at Market                              58,203,933
Other Non-Current Assets                              16,558,244
Land, Buildings & Equipment, net of
   Accumulated Depreciation                          132,196,278
                                                  --------------
    Total Assets                                    $616,812,161
                                                  ==============

LIABILITIES AND NET ASSETS
Liabilities Not Subject to Compromise:
   Long-Term Debt                                    $98,402,745
   Long-term Debt (GE)                               169,000,000
   Accounts Payable & Accrued Expenses               122,692,119
   Accrued Salaries and Payroll Taxes Withheld        44,883,274
   Estimated Retroactive Payables to
      Third Parties, net                              98,551,531
   Other Non-current Liabilities                      44,683,064
   Liabilities Held for Sale                          38,978,796
                                                  --------------
   Total Liabilities Not Subject to Compromise       617,191,529

Liabilities Subject to Compromise:
   Liabilities Subject to Compromise                 481,131,676
                                                  --------------
   Total Liabilities Subject to Compromise           481,131,676
                                                  --------------
   Total Liabilities                               1,098,323,205

Net Assets:
   Unrestricted                                     (545,511,284)
   Temporarily Restricted                             38,972,509
   Permanently Restricted                             25,027,731
                                                  --------------
   Total Net Assets                                 (481,511,044)
                                                  --------------
   Total Liabilities & Net Assets                   $616,812,161
                                                  ==============

                         SVCMC Debtors
            Unaudited Consolidated Income Statement
               From November 1 to November 30, 2006

Operating Revenue
   Inpatient                                         $69,232,771
   Outpatient                                         30,614,938
                                                  --------------
      Patient Service Revenue                         99,847,709
                                                  --------------
   Less Provision for Bad Debt                         6,628,531
                                                  --------------
      Net Patient Service Revenue                     93,219,178
                                                  --------------
   Pool Revenue                                        3,863,271
   Capitation                                          7,828,079
   Other                                              13,689,582
                                                  --------------
   Total Operating Revenue                           118,600,110

Operating Expenses:
   Salaries and Wages                                 48,171,932
   Fringe Benefits                                    12,870,988
   Supplies and Other                                 35,710,466
   Insurance                                           4,019,867
                                                  --------------
   Total Direct Operating Costs                      100,773,253

   Salaries and Wages                                  2,018,986
   Fringe Benefits                                       522,863
   Supplies and Other                                  6,526,586
                                                  --------------
   Total Corporate Allocated                           9,068,435
                                                  --------------
   Total Operating Expense                           109,841,946
                                                  --------------
Interest                                               2,213,946
Depreciation                                           1,118,092
                                                  --------------
   Operating Gain (Loss) Before
      Non-Recurring and/or Unusual Items              (5,426,384)

Non-Recurring and/or Unusual Items:
   Discontinued Operations (St. Mary's)                        -
   St. Mary's Op Pac Rate Adjustment                           -
   ZBEC/HFE Recoveries                                         -
   Restructuring & Bankruptcy Related Costs           (3,421,019)
   Estimated Close-out of St. Mary's                           -
   Hanys Investment Income (SF INS)                            -
   Prior Period Ambulance Revenue                              -
   Transfer of Equity Foundation                               -
                                                  --------------
   Total Non-Recurring and/or Unusual Items           (3,421,019)
                                                  --------------
   Operating Gain (Loss) After
      Non-Recurring and/or Unusual Items               2,005,365
                                                  --------------
Non-Operating Revenue                                    989,079
Change in Temporary Restricted Net Assets                658,420
                                                  --------------
   Change in Net Assets                               $3,652,864  
                                                  --------------
   EBITDA                                             $8,758,422
                                                  ==============

                         SVCMC Debtors
               Unaudited Statement of Cash Flows
              From November 1 to November 30, 2006

Cash Flows from Operation Activities:
   Changes in Net Assets                              $3,652,864  

Adjustments to Reconcile Changes in Net Assets
   to Net Cash Provided by Operating Activities:
   Depreciation & Amortization                         1,118,092
   Change in Unrealized Gains & Losses                  (675,367)
   Change in Patient's Accounts Receivable             8,396,110
   Change in Accounts Receivables, Other              (3,872,581)
   Change in Prepaid Expenses & Other                  1,190,104
   Change in Other Non-Current Assets                    257,107
   Change in Accounts Payable &
      Accrued Exp-Postpetition                           805,147  
   Change in Accrued Salaries & P/R Taxes             (4,688,776)
   Change in Est. Retro rec/pay
      from/to third parties                              892,819
   Change in Other Non-Current Liabilities             3,044,650
                                                  --------------
   Net Cash Provided by Operating Activities          10,120,169

Cash flows From Investment Activities:
   Purchase of Investments, Net                          (20,380)
   Purchase of Assets Whose Use is Limited              (940,497)
   Acquisition/Sale of Land, Building,
      & Equipment                                       (131,369)
                                                  --------------
   Net Cash Provided by Investing Activities          (1,092,246)

Cash flows From Financing Activities:
   Proceeds/Repayment From/of Working Capital Lo               -
   Repayment of Long-term debt                        (2,874,335)
                                                  --------------
   Net Cash (Used) in Financing Activities            (2,874,335)

   Net Increase (Decrease)
      in Cash & Cash Equivalents                       6,153,588

   Cash & Cash Equivalents at Beginning of Month      36,142,772
                                                  --------------
   Cash & Cash Equivalents at End of the Month       $42,296,360
                                                  ==============

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, filed the Debtors' chapter 11 cases.  On Sept. 12,
2005, John J. Rapisardi, Esq., at Weil, Gotshal & Manges LLP took
over representing the Debtors in their restructuring efforts.  
Martin G. Bunin, Esq., at Thelen Reid & Priest LLP, represents the
Official Committee of Unsecured Creditors.

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. 43 Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


SOLUTIA INC: Posts $6 Million Net Loss in November 2006
-------------------------------------------------------

                    Solutia Chapter 11 Debtors
                Unaudited Statement of Consolidated
                        Financial Position
                      As of November 30, 2006

                              ASSETS

Cash                                                $116,000,000
Trade Receivables, net                               332,000,000
Account Receivables-Unconsolidated Subsidiaries                0
Inventories                                          273,000,000
Other Current Assets                                 131,000,000
Assets of Discontinued Operations                              0
                                                  --------------
Total Current Assets                                 852,000,000

Property, Plant and Equipment, net                   786,000,000
Investments in Subsidiaries and Affiliates           204,000,000
Intangible Assets, net                               120,000,000
Other Assets                                         113,000,000
                                                  --------------
Total Assets                                      $2,075,000,000
                                                  ==============

              LIABILITIES AND SHAREHOLDERS' DEFICIT

Accounts Payable                                    $215,000,000
Short Term Debt                                      650,000,000
Other Current Liabilities                            244,000,000
Liabilities of Discontinued Operations                 1,000,000
                                                  --------------
Total Current Liabilities                          1,110,000,000

Long-Term Debt                                       210,000,000
Other Long-Term Liabilities                          267,000,000
                                                  --------------
Total Liabilities not Subject to Compromise        1,587,000,000

Liabilities Subject to Compromise                  1,923,000,000

Shareholders' Deficit                             (1,435,000,000)
                                                  --------------
Total Liabilities & Shareholders' Deficit         $2,075,000,000
                                                  ==============

                    Solutia Chapter 11 Debtors
          Unaudited Consolidated Statement of Operations
               For the Month Ended November 30, 2006

Total Net Sales                                     $247,000,000
Total Cost Of Goods Sold                             222,000,000
                                                  --------------
Gross Profit                                          25,000,000

Total MAT Expense                                     24,000,000
                                                  --------------
Operating Income (Loss)                                1,000,000

Equity Earnings from Affiliates                        4,000,000
Interest Expense, net                                 (8,000,000)
Other Income, net                                      2,000,000

Reorganization Items:
Professional fees                                     (3,000,000)
Employee severance and retention costs                         0
Other                                                 (1,000,000)
                                                  --------------
                                                      (4,000,000)
                                                  --------------
Loss Before Taxes                                     (5,000,000)

Income tax expense (benefit)                           1,000,000
                                                  --------------
Net Loss                                             ($6,000,000)
                                                  ==============

Headquartered in St. Louis, Missouri, Solutia, Inc. (OTCBB:SOLUQ)
-- 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 Dec. 17, 2003 (Bankr. S.D.N.Y.
Case No. 03-17949).  When the Debtors filed for protection from
their creditors, they listed US$2,854,000,000 in assets and
US$3,223,000,000 in debts.  Solutia is represented by Richard M.
Cieri, Esq., at Kirkland & Ellis.  Daniel H. Golden, Esq., Ira S.
Dizengoff, Esq., and Russel J. Reid, Esq., at Akin Gump Strauss
Hauer & Feld LLP represent the Official Committee of Unsecured
Creditors, and Derron S. Slonecker at Houlihan Lokey Howard &
Zukin Capital provides the Creditors' Committee with financial
advice. (Solutia Bankruptcy News, Issue No. 75; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or    
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/

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, Shimero Jainga, Joel Anthony G.
Lopez, Robert Max Quiblat, Emi Rose S.R. Parcon, Rizande B. Delos
Santos, Cherry A. Soriano-Baaclo, Christian Q. Salta, Jason A.
Nieva, Lucilo M. Pinili, Jr., Tara Marie A. Martin and Peter A.
Chapman, Editors.

Copyright 2007.  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 $775 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 ***