/raid1/www/Hosts/bankrupt/TCR_Public/070623.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, June 23, 2007, Vol. 11, No. 147
Headlines
CALPINE CORP: Posts $93 Million Net Loss in April 2007
HANCOCK FABRICS: Files Schedules of Assets and Liabilities
NEW CENTURY: Capital Files Schedules of Assets and Liabilities
NEW CENTURY: Credit Files Schedules of Assets and Liabilities
NEW CENTURY: Home 123 Files Schedules of Assets and Liabilities
NEW CENTURY: Mortgage Files Schedules of Assets & Liabilities
NEW CENTURY: NCM Ventures Files Schedules of Assets & Liabilities
NEW CENTURY: NCORAL LP Files Schedules of Assets and Liabilities
NEW CENTURY: NC REO Files Schedules of Assets and Liabilities
NEW CENTURY: NC Residual III Files Schedules of Assets & Debts
NEW CENTURY: NC Residual IV Files Schedules of Assets and Debts
NEW CENTURY: Posts $4.3 Million Net Loss in April 2007
NEW CENTURY: TRS Holdings Posts $1 Million Net Loss in April 2007
*********
CALPINE CORP: Posts $93 Million Net Loss in April 2007
------------------------------------------------------
Calpine Corporation
Consolidated Condensed Balance Sheet
As of April 30, 2007
ASSETS
Current assets:
Cash and cash equivalents $1,328,000,000
Accounts receivable, net 796,000,000
Inventories 128,000,000
Margin deposits and other prepaid expense 528,000,000
Restricted cash, current 315,000,000
Current derivative assets 247,000,000
Other current assets 81,000,000
---------------
Total current assets 3,423,000,000
Property, plant and equipment, net 13,374,000,000
Restricted cash, net of current portion 178,000,000
Investments 197,000,000
Long-term derivative assets 399,000,000
Other assets 1,049,000,000
---------------
Total assets $18,620,000,000
===============
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
Accounts payable $548,000,000
Accrued interest payable 217,000,000
Debt, current 5,001,000,000
Current derivative liabilities 399,000,000
Income taxes payable 36,000,000
Other current liabilities 355,000,000
---------------
Total current liabilities 6,556,000,000
Debt, net of current portion 3,122,000,000
Deferred income taxes, net of current portion 599,000,000
Long-term derivative liabilities 524,000,000
Long-term liabilities 300,000,000
---------------
Total liabilities not subject to compromise 11,101,000,000
Liabilities subject to compromise 14,969,000,000
Minority interests 268,000,000
Stockholders' equity (deficit):
Common stock 1,000,000
Additional paid-in capital 3,269,000,000
Additional paid-in capital, loaned shares 91,000,000
Additional paid-in capital, returnable shares (91,000,000)
Accumulated deficit (10,930,000,000)
Accumulated other comprehensive loss (58,000,000)
---------------
Total stockholders' deficit (7,718,000,000)
---------------
Total liabilities and stockholders' deficit $18,620,000,000
===============
Calpine Corporation
Consolidated Condensed Statement of Operations
For the period ending April 30, 2007
Revenue:
Electricity and steam revenue $422,000,000
Sales of purchased power and gas
for hedging and optimization 146,000,000
Mark-to-market activities, net 2,000,000
Other revenue 3,000,000
-------------
Total revenue 573,000,000
Cost of revenue:
Plant operating expense 61,000,000
Purchased power and gas expense
for hedging and optimization 114,000,000
Fuel expense 292,000,000
Depreciation and amortization expense 39,000,000
Operating plant impairments 0
Operating lease expense 5,000,000
Other cost of revenue 12,000,000
-------------
Total cost of revenue 523,000,000
Gross profit (loss) 50,000,000
Equipment, development project & other impairments 0
Sales, general and administrative expense 12,000,000
Other operating expenses 1,000,000
-------------
Income (loss) from operations 37,000,000
Interest expense 91,000,000
Interest (income) (8,000,000)
Minority interest expense (1,000,000)
Other (income) expense, net (5,000,000)
-------------
Income (loss) before reorganization items and pro (40,000,000)
Reorganization items 50,000,000
-------------
Income (loss) before provision (benefit)
for income taxes (90,000,000)
Provision (benefit) for income taxes 3,000,000
-------------
Net income (loss) ($93,000,000)
=============
About Calpine Corporation
Headquartered in San Jose, California, Calpine Corporation
(OTC Pink Sheets: CPNLQ) -- http://www.calpine.com/-- supplies
customers and communities with electricity from clean, efficient,
natural gas-fired and geothermal power plants. Calpine owns,
leases and operates integrated systems of plants in 21 U.S. states
and in three Canadian provinces. Its customized products and
services include wholesale and retail electricity, gas turbine
components and services, energy management and a wide range of
power plant engineering, construction and maintenance and
operational services.
The company previously produced a portion of its fuel consumption
requirements from its own natural gas reserves. However, in July
2005, the company sold substantially all of its remaining domestic
oil and gas assets to Rosetta Resources Inc.
The company filed for chapter 11 protection on Dec. 20, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-60200). Richard M. Cieri, Esq.,
Matthew A. Cantor, Esq., Edward Sassower, Esq., and Robert G.
Burns, Esq., Kirkland & Ellis LLP represent the Debtors in their
restructuring efforts. Michael S. Stamer, Esq., at Akin Gump
Strauss Hauer & Feld LLP, represents the Official Committee of
Unsecured Creditors. As of Dec. 19, 2005, the Debtors listed
$26,628,755,663 in total assets and $22,535,577,121 in total
liabilities. The Debtors' exclusive period to file chapter 11
plan of reorganization expires on June 20, 2007. (Calpine
Bankruptcy News, Issue No. 51; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000).
HANCOCK FABRICS: Files Schedules of Assets and Liabilities
----------------------------------------------------------
Hancock Fabrics Inc. and its debtor-affiliates has filed with the
United States Bankruptcy Court for the District of Delaware, its
schedules of assets and liabilities, disclosing:
A. Real Property
Corporate Office and Distribution
Center Building and Improvements $20,718,050
Land - Parking Lot 1,206,813
Corporate Office and Distribution
Center Land 453,523
Lot 14-Building and Improvements 239,529
Others 640,349
B. Personal Property
B.1 Cash on hand 182,575
B.2 Bank accounts
Bancorpsouth 7,898,360
Bancorpsouth 184,040
Wachovia Bank (332,696)
Wells Fargo 68,111
Others 1,597,450
B.3 Security Deposits
Morris Nichols 201,044
AIG 200,000
Houlihan Lokey 100,000
Callaway Partners 93,000
Others 190,489
B.4 Household goods 0
B.5 Book, art work & collectibles 0
B.6 Wearing apparel 0
B.7 Furs and jewelry 0
B.8 Firearms and sporting goods 0
B.9 Interests in Insurance Policies unknown
B.10 Annuities 0
B.11 Interests in education IRA 0
B.12 Interests in retirement plans 0
B.13 Stock and Interests undetermined
B.14 Interests in joint ventures 0
B.15 Government & corporate bonds 0
B.16 Accounts receivable
American Express 149,142
Hirschberg Schutz 476,475
Horizon Ribbon 1,233,862
Volume Discounts 44,427
Due From Pension Fund 271,156
Due From Vendors 71,639
Independent Customer 63,382
Miscellaneous Receivables 57,979
Nova Receivable 1,890,000
Retail Receivables 104,792
Others 6,468
B.17 Alimony 0
B.18 Other liquidated debts owed
US Internal Revenue Service -
Federal tax refund 7,116,000
B.19 Equitable or future interests 0
B.20 Contingent & contingent interests 0
B.21 Other contingent & unliquidated claims
B.22 Patents, copyrights & trademarks undetermined
B.23 Licenses & franchises undetermined
B.24 Other intangibles undetermined
B.25 Automobiles 0
B.26 Boats 0
B.27 Aircraft 179,048
B.28 Office eqpt., furnishings and supplies 0
B.29 Machinery, furniture and fixtures
Furniture, Fixtures & Equipment 10,761,083
Leasehold Improvements 4,286,342
B.30 Inventory
Pattern Inventory 10,857,775
Retail Inventory 86,246,239
B.31 Animals 0
B.32 Crops 0
B.33 Farming equipment 0
B.34 Farm supplies 0
B.35 Other personal property
Capitalized Lease 1,335,844
Closed Store Rents 58,905
Deferred Loan Charges 102,888
Deferred Tax Benefit 6,286,500
Goodwill 3,639,154
Heilig-Meyers Lease Buyout 170,506
Pre-Paid Rent Benefit-
Leasehold Improvement 3,020,324
Prepaid Advertising 751,297
Prepaid Other 102,881
Prepaid Rent 33,520
Rent Offset 196,493
Stepped Rent 2,000,241
TOTAL SCHEDULED ASSETS $175,154,999
==============
C. Property Claimed as Exempt Not applicable
D. Creditors Holding Secured Claims
Wachovia Bank, NA 53,224,414
Wachovia Bank, NA 8,711,508
E. Creditors Holding Unsecured
Priority Claims
Taxes
David Childs-Tax Assessor-Collector 197,847
St. Joseph Co. Treas. 14,328
City of Baldwin 11,751
City of Baldwin 17,684
City of Baldwin 13,884
Others 333,640
F. Creditors Holding Unsecured Claims
Non-Priority Claims
AE Nathan Co. 117,026
Amalgamated Textiles USA, Inc. 249,893
American & Efird, Inc. 399,562
American Sewing Machine Co. 161,251
Baum Textile Mills, Inc 338,785
Bernina of America 186,614
Berry Network, Inc. 118,307
Blank Textiles 263,812
Blumenthal-Lansing 357,461
Braha Industries, Inc. 298,920
Callaway Partners 240,540
Carat USA 425,940
Coats and Clark 327,867
Confortaire, Inc. 384,219
Consumer Prod. Enterprise 269,649
David Textiles 261,953
Dyno Merchandise Corp. 112,637
Fabri-Quilt 691,329
Fabric Editions LTD 583,128
Fabric Merchants, Inc. 121,345
Fabric Traditions 358,224
Fairfield Processing 605,448
Fiskars MFG Corp 200,577
General Fabric 213,287
Gingher Inc. 114,329
Hamil Textiles LTD 157,073
HF Resources, Inc. 181,592,642
Hi-Fashion 198,493
Hirschberg-Schutz 363,366
Horizon Fabrics 167,992
Jaftex Corp. 227,650
Others 24,304,216
TOTAL SCHEDULED LIABILITIES $276,938,591
==============
About Hancock Fabrics
Headquartered in Baldwyn, Miss., Hancock Fabrics Inc. (OTC: HKFIQ)
-- http://www.hancockfabrics.com/-- is a specialty retailer of a
wide selection of fashion and home decorating textiles, sewing
accessories, needlecraft supplies and sewing machines. Hancock
Fabrics is one of the largest fabric retailers in the United
States, currently operating approximately 400 retail stores in
approximately 40 states. The company employs approximately 7,500
people on a full-time and part-time basis. Most of the company's
employees work in its retail stores, or in field management to
support its retail stores.
The company and 6 of its debtor-affiliates filed for chapter 11
protection on March 21, 2007 (Bankr. D. Del. Lead Case No.
07-10353). Robert J. Dehney, Esq., at Morris, Nichols, Arsht &
Tunnell, represent the Debtors. When the Debtors filed for
protection from their creditors, they listed $241,873,900 in total
assets and 161,412,000 in total liabilities.
The Debtors exclusive period to file a chapter 11 plan expires on
July 19, 2007. (Hancock Fabric Bankruptcy News, Issue No. 11,
http://bankrupt.com/newsstand/or 215/945-7000).
NEW CENTURY: Capital Files Schedules of Assets and Liabilities
--------------------------------------------------------------
New Century Financial Corporation's debtor-affiliate, New Century
Capital, has filed with the U.S. Bankruptcy Court for the District
of Delaware its schedules of assets and liabilities, disclosing:
A. Real Property $0
B. Personal Property
B.1 Cash on hand 0
B.2 Bank accounts 75,112
B.3 Security Deposits 0
B.4 Household goods 0
B.5 Book, art work & collectibles 0
B.6 Wearing apparel 0
B.7 Furs and jewelry 0
B.8 Firearms and sporting goods 0
B.9 Interests in Insurance Policies unknown
B.10 Annuities 0
B.11 Interests in education IRA 0
B.12 Interests in retirement plans 0
B.13 Stock and Interests unknown
B.14 Interests in joint ventures unknown
B.15 Government & corporate bonds 0
B.16 Accounts receivable 0
B.17 Alimony 0
B.18 Other liquidated debts owed 0
B.19 Equitable or future interests 0
B.20 Contingent & contingent interests 0
B.21 Other contingent & unliquidated claims unknown
B.22 Patents, copyrights & trademarks 0
B.23 Licenses & franchises 0
B.24 Other intangibles 0
B.25 Automobiles 0
B.26 Boats 0
B.27 Aircraft 0
B.28 Office equipment, furnishings and supplies 0
B.29 Machinery, furniture and fixtures 0
B.30 Inventory 0
B.31 Animals 0
B.32 Crops 0
B.33 Farming equipment 0
B.34 Farm supplies 0
B.35 Other personal property
Residual Interest off Balance Sheet 20,485,767
Residual Interest on Balance Sheet 19,511,459
Residual Interest off Balance Sheet 14,134,166
Residual Interest off Balance Sheet 12,275,051
Residual Interest off Balance Sheet 9,945,297
Residual Interest on Balance Sheet 8,952,937
Residual Interest off Balance Sheet 1,780,305
Residual Interest on Balance Sheet 1,142,701
Residual Interest off Balance Sheet 904,272
Residual Interest off Balance Sheet 529,803
TOTAL SCHEDULED ASSETS $89,736,870
=============
C. Property Claimed as Exempt Not applicable
D. Creditors Holding Secured Claims unknown
E. Creditors Holding Unsecured
Priority Claims
Wages 11,082
Taxes unknown
F. Creditors Holding Unsecured Claims
New Century Mortgage Corp. 1,447,743,833
Pentalpha Surveillance, LLC 222,439
Others 83,196
TOTAL SCHEDULED LIABILITIES $1,448,060,550
==============
About New Century
Founded in 1995 and headquartered in Irvine, Calif., New Century
Financial Corporation (NYSE: NEW) -- http://www.ncen.com/-- is a
real estate investment trust, providing mortgage products to
borrowers nationwide through its operating subsidiaries, New
Century Mortgage Corporation and Home123 Corporation. The company
offers a broad range of mortgage products designed to meet the
needs of all borrowers.
The company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2007 (Bankr. D. Del. Lead Case No.
07-10416). Suzzanne Uhland, Esq., Austin K. Barron, Esq., and Ana
Acevedo, Esq., at O'Melveny & Myers LLP, and Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A., represent the Debtors. When the
Debtors filed for bankruptcy, they listed total assets of
$36,276,815 and total debts of $102,503,950. The Debtors'
exclusive period to file a chapter 11 plan expires on July 31,
2007. (New Century Bankruptcy News, Issue No. 14; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).
The Debtors' exclusive period to file a plan expires on July 31,
2007.
NEW CENTURY: Credit Files Schedules of Assets and Liabilities
-------------------------------------------------------------
New Century Financial Corporation's debtor-affiliate, New Century
Credit, has filed with the U.S. Bankruptcy Court for the District
of Delaware its schedules of assets and liabilities, disclosing:
A. Real Property $0
B. Personal Property
B.1 Cash on hand 0
B.2 Bank accounts
Union Bank of California 1,000,000
B.16 Accounts receivable
Intercompany:
New Century TRS Holdings, Inc. 67,632,944
New Century Mortgage Corporation 16,921,536
TOTAL SCHEDULED ASSETS $85,554,480
============
C. Property Claimed as Exempt Not applicable
D. Creditors Holding Secured Claims $0
E. Creditors Holding Unsecured 0
F. Creditors Holding Unsecured Claims 0
NH Criminal Records 39
Others Unknown
TOTAL SCHEDULED LIABILITIES $39
============
About New Century
Founded in 1995 and headquartered in Irvine, Calif., New Century
Financial Corporation (NYSE: NEW) -- http://www.ncen.com/-- is a
real estate investment trust, providing mortgage products to
borrowers nationwide through its operating subsidiaries, New
Century Mortgage Corporation and Home123 Corporation. The company
offers a broad range of mortgage products designed to meet the
needs of all borrowers.
The company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2007 (Bankr. D. Del. Lead Case No.
07-10416). Suzzanne Uhland, Esq., Austin K. Barron, Esq., and Ana
Acevedo, Esq., at O'Melveny & Myers LLP, and Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A., represent the Debtors. When the
Debtors filed for bankruptcy, they listed total assets of
$36,276,815 and total debts of $102,503,950. The Debtors'
exclusive period to file a chapter 11 plan expires on July 31,
2007. (New Century Bankruptcy News, Issue No. 14; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).
The Debtors' exclusive period to file a plan expires on July 31,
2007.
NEW CENTURY: Home 123 Files Schedules of Assets and Liabilities
--------------------------------------------------------------
New Century Financial Corporation's debtor-affiliate, Home 123
Corp., has filed with the U.S. Bankruptcy Court for the District
of Delaware its schedules of assets and liabilities, disclosing:
A. Real Property $0
B. Personal Property
B.1 Cash on hand 0
B.2 Bank accounts
Union Bank of California 1,501,165
Union Bank of California 489,140
Deutsche Bank National Trust Company 462,884
Union Bank of California 449,721
Union Bank of California 418,896
Union Bank of California 406,427
Union Bank of California 350,273
Union Bank of California 196,080
Union Bank of California 118,318
Union Bank of California 78,175
Union Bank of California 76,496
Deutsche Bank National Trust Company 53,588
Union Bank of California 9,608
Union Bank of California 9,608
B.3 Security Deposits
Equity Office Properties 24,564
Mills Enterprises LLC 16,560
Bellevue Lincoln Plaza LLC 10,445
Golden Bear International 20,000
HAPS #3 LP 11,117
Laguna Oaks Shopping Center Assoc. 14,587
Rockaway Office, LLC 27,686
TIAA-CREF 20,876
Others 320,499
B.4 Household goods 0
B.5 Book, art work & collectibles 0
B.6 Wearing apparel 0
B.7 Furs and jewelry 0
B.8 Firearms and sporting goods 0
B.9 Interests in Insurance Policies unknown
B.10 Annuities 0
B.11 Interests in education IRA 0
B.12 Interests in retirement plans 0
B.13 Stock and Interests unknown
B.14 Interests in joint ventures unknown
B.15 Government & corporate bonds 0
B.16 Accounts receivable
Intercompany Receivable:
Trade/Other
New Century Mortgage Corp. (364,782,649)
New Century TRS Holdings 177,371,650
Kingston Mortgage Co., LTD. 59,321,230
Loan Partners Mortgage, LTD. 44,368,568
Compufund Mortgage Company 36,886,262
Others 415,571,856
Holdback Receivable 730,040
Servicing Receivable 7,214,742
B.17 Alimony 0
B.18 Other liquidated debts owed 72,904
B.19 Equitable or future interest 0
B.20 Contingent & contingent interest 0
B.21 Other contingent & unliquidated claims
From Royal Bank of Canada 2,300,000
Form RBC Mortgage 26,601
Against General Liability Carrier 26,000
Contingent Insurance Claim for Theft 7,500
2006 Tax Refund Unknown
B.22 Patents, copyrights & trademarks 0
B.23 Licenses & franchises Unknown
B.24 Other intangibles 0
B.25 Automobiles 0
B.26 Boats 0
B.27 Aircraft 0
B.28 Office equipment, furnishings and supplies
Cabling for Von Karman 206,103
Phone Equipment - Corporate G and A 106,171
Furniture, Phone System, Clearlake 89,963
Furniture, Desert Ridge 76,231
New phone system and equipment - Irvine 73,652
New phone system and equipment - Region 73,652
Other - Corporate G and A 73,412
Office furniture for Concord Location 62,266
Office furniture for Ontario 56,951
IBM Thinkpads 56,608
Assembly and Installation for Reston, V 54,522
Furniture for the Atlanta, GA Office 54,418
Furniture for the Staten Island, NY Off 50,393
Others 4,968,642
B.29 Machinery, furniture and fixtures 0
B.30 Inventory 0
B.31 Animals 0
B.32 Crops 0
B.33 Farming equipment 0
B.34 Farm supplies 0
B.35 Other personal property
Mortgage Loans held for sale:
DB Financed 716,491,233
CSFB Financed 325,074,382
BoFA Financed 189,572,312
Non-Pledged 61,881,132
CDC Financed 1,825,846
Morgan Financed 520,505
Prepaid Contracts 30,933
Prepaid Rent 6,247
Other 12,851
TOTAL SCHEDULED ASSETS $1,685,619,844
===============
C. Property Claimed as Exempt Not applicable
D. Creditors Holding Secured Claims
Bank of America, NA
Master Purchase Agreement $166,970,071
Credit Suisse First Boston Mortgage
Capital LLC
Amended and Restated Master
Repurchase Agreement 427,547,408
DB Structured Products, Inc.
Master Purchase Agreement 691,847,219
E. Creditors Holding Unsecured
Priority Claims
Wages 139,793
Taxes unknown
F. Creditors Holding Unsecured Claims
New Century Mortgage Corp. 364,782,649
Lowermybills.com 1,559,864
Golden Oak Mortgage, L.P. 1,337,442
WRT Financial Limited Partnershi 890,915
Moore Wallace Response Mktg. Service 500,315
Low.com, Inc. 467,190
CPPM, Inc. 365,442
Nextag 329,107
Catarina Mortgage Services, Inc. 317,015
Adteractive 281,178
Fannie Mae 249,557
Webb Mason, Inc. 203,981
Systems Source, Inc. 187,837
Client Services, Inc. 160,801
Idirect Marketing, Inc. 199,896
Media Contacts 140,985
Interthinx 139,415
Others 2,507,441
TOTAL SCHEDULED LIABILITIES $1,661,125,521
===============
About New Century
Founded in 1995 and headquartered in Irvine, Calif., New Century
Financial Corporation (NYSE: NEW) -- http://www.ncen.com/-- is a
real estate investment trust, providing mortgage products to
borrowers nationwide through its operating subsidiaries, New
Century Mortgage Corporation and Home123 Corporation. The company
offers a broad range of mortgage products designed to meet the
needs of all borrowers.
The company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2007 (Bankr. D. Del. Lead Case No.
07-10416). Suzzanne Uhland, Esq., Austin K. Barron, Esq., and Ana
Acevedo, Esq., at O'Melveny & Myers LLP, and Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A., represent the Debtors. When the
Debtors filed for bankruptcy, they listed total assets of
$36,276,815 and total debts of $102,503,950. The Debtors'
exclusive period to file a chapter 11 plan expires on July 31,
2007. (New Century Bankruptcy News, Issue No. 14; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).
The Debtors' exclusive period to file a plan expires on July 31,
2007.
NEW CENTURY: Mortgage Files Schedules of Assets & Liabilities
-------------------------------------------------------------
New Century Financial Corporation's debtor-affiliate, New Century
Mortgage, has filed with the U.S. Bankruptcy Court for the
District of Delaware its schedules of assets and liabilities,
disclosing:
A. Real Property
Loan Address:
Corona, California $560,000
Sacramento, California 583,460
San Jose, California 563,070
Anaheim, California 568,000
Los Angeles, California 659,871
Apple Valley, California 503,861
Saugus Area, California 688,573
Friendswood, Texas 548,000
Discovery Bay, California 540,000
Baton Rouge, Louisiana 597,645
Others 24,507,361
B. Personal Property
B.1 Cash on hand 0
B.2 Bank accounts
Union Bank of California 42,001,615
Union Bank of California 3,201,897
Deutsche Bank National Trust Company 1,418,278
Union Bank of California 841,699
Union Bank of California 825,564
Union Bank of California 577,725
Union Bank of California 500,000
Deutsche Bank National Trust Company 462,884
Union Bank of California 421,771
Deutsche Bank National Trust Company 412,975
Union Bank of California 311,092
Union Bank of California 246,507
Union Bank of California 232,575
Deutsche Bank National Trust Company 107,305
Others 253,169
B.3 Security Deposits
New Green 1140 Realty LLC 15,708
The Irvine Co. 52,543
Park Ridge Business Centers LLC 61,680
Mourier Land Investment 22,239
Transland Financial Services 11,851
Brandywine Operating Partnership, LP - Ck 43,689
Southern CA Edison 157,590
Others 175,032
B.4 Household goods 0
B.5 Book, art work & collectibles 0
B.6 Wearing apparel 0
B.7 Furs and jewelry 0
B.8 Firearms and sporting goods 0
B.9 Interests in Insurance Policie unknown
B.10 Annuities 0
B.11 Interests in education IRA 0
B.12 Interests in retirement plans 0
B.13 Stock and Interests
Investment in Nextace 136,345
Others unknown
B.14 Interests in joint ventures 0
B.15 Government & corporate bonds 0
B.16 Accounts receivable
Intercompany Receivable and Payable:
New Century Capital Corporation 1,447,743,833
Home123 Corporation 364,782,645
New Century Residual IV Corporation 152,733,364
Von Karman Funding LLC (411,552,172)
New Century TRS Holdings, Inc. (391,528,048)
New Century Residual III Corporation (174,753,176)
New Century Financial Corporation (111,998,615)
Others 1,096,876,725
Employee Advances 188,292
Servicing Receivable 110,843,605
B.17 Alimony 0
B.18 Other liquidated debts owed
Miscellaneous Tax Receivable
Received NY State Mortgage Tax Credit 1,318,647
B.19 Equitable or future interests 0
B.20 Contingent & contingent interests 0
B.21 Other contingent & unliquidated claims
Contingent Receivable
Morgan Stanley Net interest 19,386,631
Claim to carrier
Encore Credit Corp., et al. 7,000,000
Derby City Title, Inc. 1,300,000
Edward B. Arcy, et al. 551,325
Elaine Lum 158,403
Others unknown
B.22 Patents, copyrights & trademarks unknown
B.23 Licenses & franchises unknown
B.24 Other intangibles 0
B.25 Automobiles 0
B.26 Boats 0
B.27 Aircraft 0
B.28 Office equipment, furnishings and supplies
Final/generator drawings 992,609
Final/generator drawings 625,021
Security Content Engines 598,915
Licenses of Citrix Metaframe 325,000
HP Proliant Servers 278,467
Voice Blend and Lyricall User Licenses 231,738
Compaq Computers Loan Servicing Division 117,635
HP Proliant DL585 rack servers 113,661
Others 53,706,488
B.29 Machinery, furniture and fixtures 0
B.30 Inventory 0
B.31 Animals 0
B.32 Crops 0
B.33 Farming equipment 0
B.34 Farm supplies 0
B.35 Other personal property
Mortgage loan held for sale
Pledged:
Morgan Financed 2,340,417,940
UBS Financed 1,524,055,398
CSFB Financed 1,026,256,415
CDC Financed 807,481,802
BoFa Financed 353,461,020
DB Financed 212,166,869
Other 76,523
Non-Pledged 201,308,533
Prepaid Insurance 3,239,813
Prepaid Maintenance and Contracts 5,380,243
Prepaid Rent 2,694,838
TOTAL SCHEDULED ASSETS $8,729,391,961
===============
C. Property Claimed as Exempt Not applicable
D. Creditors Holding Secured Claims
Bank of America, NA $341,280,277
Bank of the West 194,444
Citigroup Global Markets Realty 777,826,951
Credit Suisse First Boston 856,427,823
DB Structured Products, Inc. 147,403,440
Morgan Stanley Mortgage Capital Inc. 2,103,001,933
UBS Real Estate Securities Inc. 1,464,892,045
Others unknown
E. Creditors Holding Unsecured
Priority Claims
Wages:
Joseph Aldwin Aure 6,696
Tim Becker 29,512
Steve Barron Bramlett 6,456
Rick Brown 9,189
Marco Castaneda 14,308
Robert I. Champion 23,846
Joann M. Fanucchi 9,058
Dan P. Gerber 8,159
Gail Vivian Ivers 14,193
Gary R. Kephart 10,918
Kam Alvin Koepnick 8,491
Marsha L. Laudenback 6,478
Douglas L. Lipshaw 10,260
Stephanie J. McNerney 5,000
Vivian R. Molitz 5,937
Chandy C. Nhean 6,987
Ronald Niko 9,154
Sean M. O'Leary 8,485
Hanh M. Paquette 8,483
Paul B. Patterson 13,557
Rusty C. Phanvong 5,991
Alexandra T. Piacenza 16,894
Albert Moed Roth 5,920
Thomas Richard Schnabel 16,692
Syndi E. Steinrad 6,136
Tiffanie T. Tran 8,400
Kelly Trinh 5,441
Taxes unknown
F. Creditors Holding Unsecured Claims
Non-Priority Claims
1800 Anyloan.com 12,356,787
Ad Astra Mortgage, Ltd 4,966,621
Austin Mortgage, LP 9,790,482
Capital Pacific Home Loans, LP 1,085,747
Compufund Mortgage Company, Ltd. 36,147,896
Elite Financial Services 2,145,663
Kingston Mortgage Company, Ltd. 57,445,515
Loan Partners Mortgage, Ltd. 42,975,175
Midwest Home Mortgage Ltd. 3,654,892
Monticello Mortgage Services 2,723,172
New Century Credit Corporation 16,921,537
New Century Financial Corporation 111,998,615
New Century Mortgage Securities, LLC 2,065,840
New Century Residual III Corp. 174,753,176
New Century TRS Holdings, Inc. 391,528,049
PCHTree Residential Mortgage, L.P. 7,784,376
Residential Prime Lending Ltd Part. 3,860,672
Sutter Buttes Mortgage, L.P. 1,580,389
Team Home Lending, LTD. 10,048,527
Von Karman Funding LLC 411,552,172
New Century Residual IV Corp. 50,578,735
Affiliated Computer Services 1,139,676
American Express 1,176,081
Bankers Insurance Service 1,015,773
GE Capital 1,424,384
Others 20,007,756
TOTAL SCHEDULED LIABILITIES $7,072,371,287
===============
About New Century
Founded in 1995 and headquartered in Irvine, Calif., New Century
Financial Corporation (NYSE: NEW) -- http://www.ncen.com/-- is a
real estate investment trust, providing mortgage products to
borrowers nationwide through its operating subsidiaries, New
Century Mortgage Corporation and Home123 Corporation. The company
offers a broad range of mortgage products designed to meet the
needs of all borrowers.
The company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2007 (Bankr. D. Del. Lead Case No.
07-10416). Suzzanne Uhland, Esq., Austin K. Barron, Esq., and Ana
Acevedo, Esq., at O'Melveny & Myers LLP, and Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A., represent the Debtors. When the
Debtors filed for bankruptcy, they listed total assets of
$36,276,815 and total debts of $102,503,950. The Debtors'
exclusive period to file a chapter 11 plan expires on July 31,
2007. (New Century Bankruptcy News, Issue No. 14; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).
The Debtors' exclusive period to file a plan expires on July 31,
2007.
NEW CENTURY: NCM Ventures Files Schedules of Assets & Liabilities
-----------------------------------------------------------------
New Century Financial Corporation's debtor-affiliate, NCM Ventures
has, filed with the U.S. Bankruptcy Court for the District of
Delaware its schedules of assets and liabilities, disclosing:
A. Real Property $0
B. Personal Property
B.1 Cash on hand 0
B.2 Bank accounts
Union Bank of California 102,377
TOTAL SCHEDULED ASSETS $102,377
========
C. Property Claimed as Exempt Not applicable
D. Creditors Holding Secured Claims unknown
E. Creditors Holding Unsecured unknown
F. Creditors Holding Unsecured Claims
Intercompany:
New Century Mortgage Corp. $26,191
Others 1,550
TOTAL SCHEDULED LIABILITIES $27,741
========
About New Century
Founded in 1995 and headquartered in Irvine, Calif., New Century
Financial Corporation (NYSE: NEW) -- http://www.ncen.com/-- is a
real estate investment trust, providing mortgage products to
borrowers nationwide through its operating subsidiaries, New
Century Mortgage Corporation and Home123 Corporation. The company
offers a broad range of mortgage products designed to meet the
needs of all borrowers.
The company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2007 (Bankr. D. Del. Lead Case No.
07-10416). Suzzanne Uhland, Esq., Austin K. Barron, Esq., and Ana
Acevedo, Esq., at O'Melveny & Myers LLP, and Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A., represent the Debtors. When the
Debtors filed for bankruptcy, they listed total assets of
$36,276,815 and total debts of $102,503,950. The Debtors'
exclusive period to file a chapter 11 plan expires on July 31,
2007. (New Century Bankruptcy News, Issue No. 14; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).
The Debtors' exclusive period to file a plan expires on July 31,
2007.
NEW CENTURY: NCORAL LP Files Schedules of Assets and Liabilities
----------------------------------------------------------------
New Century Financial Corporation's debtor-affiliate, NCORAL LP,
has filed with the U.S. Bankruptcy Court for the District of
Delaware its schedules of assets and liabilities, disclosing:
A. Real Property $0
B. Personal Property
B.1 Cash on hand 0
B.2 Bank accounts
Union Bank of California 1,000,000
B.9 Interests in Insurance Policies unknown
TOTAL SCHEDULED ASSETS $1,000,000
===========
C. Property Claimed as Exempt Not applicable
D. Creditors Holding Secured Claims 0
E. Creditors Holding Unsecured 0
F. Creditors Holding Unsecured Claims 0
TOTAL SCHEDULED LIABILITIES $0
======
About New Century
Founded in 1995 and headquartered in Irvine, Calif., New Century
Financial Corporation (NYSE: NEW) -- http://www.ncen.com/-- is a
real estate investment trust, providing mortgage products to
borrowers nationwide through its operating subsidiaries, New
Century Mortgage Corporation and Home123 Corporation. The company
offers a broad range of mortgage products designed to meet the
needs of all borrowers.
The company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2007 (Bankr. D. Del. Lead Case No.
07-10416). Suzzanne Uhland, Esq., Austin K. Barron, Esq., and Ana
Acevedo, Esq., at O'Melveny & Myers LLP, and Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A., represent the Debtors. When the
Debtors filed for bankruptcy, they listed total assets of
$36,276,815 and total debts of $102,503,950. The Debtors'
exclusive period to file a chapter 11 plan expires on July 31,
2007. (New Century Bankruptcy News, Issue No. 14; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).
The Debtors' exclusive period to file a plan expires on July 31,
2007.
NEW CENTURY: NC REO Files Schedules of Assets and Liabilities
-------------------------------------------------------------
New Century Financial Corporation's debtor-affiliate, NC REO
Corp., has filed with the U.S. Bankruptcy Court for the District
of Delaware its schedules of assets and liabilities, disclosing:
A. Real Property $0
B. Personal Property
B.1 Cash on hand 0
B.2 Bank accounts
Union Bank of California 200,100
TOTAL SCHEDULED ASSETS $200,100
=========
C. Property Claimed as Exempt Not applicable
D. Creditors Holding Secured Claims 0
E. Creditors Holding Unsecured 0
F. Creditors Holding Unsecured Claims 0
TOTAL SCHEDULED LIABILITIES $0
======
About New Century
Founded in 1995 and headquartered in Irvine, Calif., New Century
Financial Corporation (NYSE: NEW) -- http://www.ncen.com/-- is a
real estate investment trust, providing mortgage products to
borrowers nationwide through its operating subsidiaries, New
Century Mortgage Corporation and Home123 Corporation. The company
offers a broad range of mortgage products designed to meet the
needs of all borrowers.
The company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2007 (Bankr. D. Del. Lead Case No.
07-10416). Suzzanne Uhland, Esq., Austin K. Barron, Esq., and Ana
Acevedo, Esq., at O'Melveny & Myers LLP, and Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A., represent the Debtors. When the
Debtors filed for bankruptcy, they listed total assets of
$36,276,815 and total debts of $102,503,950. The Debtors'
exclusive period to file a chapter 11 plan expires on July 31,
2007. (New Century Bankruptcy News, Issue No. 14; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).
NEW CENTURY: NC Residual III Files Schedules of Assets & Debts
--------------------------------------------------------------
New Century Financial Corporation's debtor-affiliate, NC Residual
III, has filed with the U.S. Bankruptcy Court for the District of
Delaware its schedules of assets and liabilities, disclosing:
A. Real Property $0
B. Personal Property
B.1 Cash on hand 0
B.16 Accounts receivable
Intercompany:
New Century Mortgage Corp. 174,753,175
B.35 Other personal property
Residual Interest on Balance Sheet 56,987,453
Residual Interest off Balance Sheet 16,159,499
TOTAL SCHEDULED ASSETS $247,900,127
=============
C. Property Claimed as Exempt Not applicable
D. Creditors Holding Secured Claims 0
E. Creditors Holding Unsecured 0
F. Creditors Holding Unsecured Claims
Intercompany:
New Century TRS Holdings, Inc. 30,942,889
TOTAL SCHEDULED LIABILITIES $30,942,889
============
About New Century
Founded in 1995 and headquartered in Irvine, Calif., New Century
Financial Corporation (NYSE: NEW) -- http://www.ncen.com/-- is a
real estate investment trust, providing mortgage products to
borrowers nationwide through its operating subsidiaries, New
Century Mortgage Corporation and Home123 Corporation. The company
offers a broad range of mortgage products designed to meet the
needs of all borrowers.
The company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2007 (Bankr. D. Del. Lead Case No.
07-10416). Suzzanne Uhland, Esq., Austin K. Barron, Esq., and Ana
Acevedo, Esq., at O'Melveny & Myers LLP, and Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A., represent the Debtors. When the
Debtors filed for bankruptcy, they listed total assets of
$36,276,815 and total debts of $102,503,950. The Debtors'
exclusive period to file a chapter 11 plan expires on July 31,
2007. (New Century Bankruptcy News, Issue No. 14; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).
The Debtors' exclusive period to file a plan expires on July 31,
2007.
NEW CENTURY: NC Residual IV Files Schedules of Assets and Debts
---------------------------------------------------------------
New Century Financial Corporation's debtor-affiliate, NC Residual
IV, has filed with the U.S. Bankruptcy Court for the District of
Delaware its schedules of assets and liabilities, disclosing:
A. Real Property $0
B. Personal Property
B.1 Cash on hand 0
B.2 Bank accounts unknown
B.16 Accounts receivable
Intercompany Receivable:
New Century TRS Holdings, Inc. 469,667,498
B.35 Other personal property
Residual interests on Balance Sheet 589,031,804
TOTAL SCHEDULED ASSETS $1,058,699,302
===============
C. Property Claimed as Exempt Not applicable
D. Creditors Holding Secured Claims unknown
E. Creditors Holding Unsecured $0
F. Creditors Holding Unsecured Claims
Intercompany:
New Century Mortgage Corp. 152,733,363
TOTAL SCHEDULED LIABILITIES $152,733,363
=============
About New Century
Founded in 1995 and headquartered in Irvine, Calif., New Century
Financial Corporation (NYSE: NEW) -- http://www.ncen.com/-- is a
real estate investment trust, providing mortgage products to
borrowers nationwide through its operating subsidiaries, New
Century Mortgage Corporation and Home123 Corporation. The company
offers a broad range of mortgage products designed to meet the
needs of all borrowers.
The company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2007 (Bankr. D. Del. Lead Case No.
07-10416). Suzzanne Uhland, Esq., Austin K. Barron, Esq., and Ana
Acevedo, Esq., at O'Melveny & Myers LLP, and Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A., represent the Debtors. When the
Debtors filed for bankruptcy, they listed total assets of
$36,276,815 and total debts of $102,503,950. The Debtors'
exclusive period to file a chapter 11 plan expires on July 31,
2007. (New Century Bankruptcy News, Issue No. 14; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).
The Debtors' exclusive period to file a plan expires on July 31,
2007.
NEW CENTURY: Posts $4.3 Million Net Loss in April 2007
------------------------------------------------------
New Century Financial Corporation
Balance Sheet
As of April 30, 2007
Assets
Current assets:
Unrestricted cash and equivalents $21,128,118
Accounts receivable, net 0
Notes Receivable 0
Inventories 0
Prepaid expenses 472,966
Professional Retainers 0
Other current assets 0
--------------
Total current assets 21,601,084
--------------
Other assets 1,184,274,882
--------------
Total assets $1,205,875,966
==============
Liabilities and Owner Equity
Liabilities not subject to compromise:
Accounts payable $0
Professional fees 4,341,000
Liabilities subject to compromise:
Unsecured Debt 135,898,975
Net owner equity:
Capital stock 625,037
Additional paid-in capital 1,259,611,522
Partners' capital account 0
Owner's equity account 0
Retained earnings -- prepetition (190,259,568)
Retained earnings -- postpetition (4,341,000)
Adjustments to owner equity 0
Postpetition contributions 0
--------------
Net owner equity 1,065,635,991
--------------
Total liabilities and owners' equity $1,205,875,966
==============
New Century Financial Corporation
Statement of Operations
Month Ended April 30, 2007
Revenues $0
Cost of goods sold 0
Operating expenses 0
Reorganization items:
Professional fees 4,341,000
Income taxes 0
--------------
Net profit (loss) ($4,341,000)
==============
New Century Financial Corporation
Schedule of Cash Receipts and Disbursements
Month Ended April 30, 2007
Cash, beginning of month $20,839,653
Total receipts 288,465
Total disbursements 0
Net cash flow 288,465
--------------
Cash, end of month $21,128,118
==============
About New Century
Founded in 1995 and headquartered in Irvine, Calif., New Century
Financial Corporation (NYSE: NEW) -- http://www.ncen.com/-- is a
real estate investment trust, providing mortgage products to
borrowers nationwide through its operating subsidiaries, New
Century Mortgage Corporation and Home123 Corporation. The company
offers a broad range of mortgage products designed to meet the
needs of all borrowers.
The company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2007 (Bankr. D. Del. Lead Case No.
07-10416). Suzzanne Uhland, Esq., Austin K. Barron, Esq., and Ana
Acevedo, Esq., at O'Melveny & Myers LLP, and Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A., represent the Debtors. When the
Debtors filed for bankruptcy, they listed total assets of
$36,276,815 and total debts of $102,503,950. The Debtors'
exclusive period to file a chapter 11 plan expires on July 31,
2007. (New Century Bankruptcy News, Issue No. 14; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).
NEW CENTURY: TRS Holdings Posts $1 Million Net Loss in April 2007
-----------------------------------------------------------------
New Century TRS Holdings, Inc.
Balance Sheet
As of April 30, 2007
Assets
Current assets:
Unrestricted cash and equivalents $22,208
Prepaid expenses 2,664,999
Professional Retainers 0
Other current assets 0
--------------
Total current assets 2,687,207
--------------
Property and equipment 0
Other assets 56,328,816
--------------
Total assets $59,016,023
==============
Liabilities and Owner Equity
Postpetition liabilities $0
Liabilities subject to compromise:
Unsecured Debt 2,082,741
--------------
Total liabilities $2,082,741
==============
Owner Equity:
Capital stock 0
Additional paid-in capital (60,887,310)
Partners' Capital Account 0
Owner's Equity account 0
Retained Earnings - Prepetition 118,856,184
Retained Earnings - Postpetition (1,035,592)
Adjustments to Owner Equity 0
Postpetition Contributions 0
--------------
Net owner equity 56,933,282
--------------
Total liabilities and owners' equity $59,016,023
==============
New Century TRS Holdings, Inc.
Consolidated Statement of Operations
Month Ended April 30, 2007
Revenues $0
Cost of goods sold 0
Operating expenses:
Salaries/Commissions/Fees 1,035,582
Others 10
--------------
Total operating expenses before depreciation 1,035,592
--------------
Net profit (loss) ($1,035,592)
==============
New Century TRS Holdings, Inc.
Schedule of Cash Receipts and Disbursements
Month Ended April 30, 2007
Cash, beginning of month $22,400
Total receipts (192)
Total disbursements 0
Net cash flow (192)
--------------
Cash, end of month $22,208
==============
About New Century
Founded in 1995 and headquartered in Irvine, Calif., New Century
Financial Corporation (NYSE: NEW) -- http://www.ncen.com/-- is a
real estate investment trust, providing mortgage products to
borrowers nationwide through its operating subsidiaries, New
Century Mortgage Corporation and Home123 Corporation. The company
offers a broad range of mortgage products designed to meet the
needs of all borrowers.
The company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2007 (Bankr. D. Del. Lead Case No.
07-10416). Suzzanne Uhland, Esq., Austin K. Barron, Esq., and Ana
Acevedo, Esq., at O'Melveny & Myers LLP, and Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A., represent the Debtors. When the
Debtors filed for bankruptcy, they listed total assets of
$36,276,815 and total debts of $102,503,950. The Debtors'
exclusive period to file a chapter 11 plan expires on July 31,
2007. (New Century Bankruptcy News, Issue No. 14; 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 R. Jainga, Ronald C. Sy,
Joel Anthony G. Lopez, Cecil R. Villacampa, Jason A. Nieva,
Melanie C. Pador, Ludivino Q. Climaco, Jr., Loyda I. Nartatez,
Tara Marie A. Martin, John Paul C. Canonigo, Sheena Jusay, 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 ***