/raid1/www/Hosts/bankrupt/TCR_Public/080105.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 5, 2008, Vol. 12, No. 4

                             Headlines


ASARCO LLC: Earns $40,654,000 in Month Ended November 30, 2007
DANA CORP: Incurs $29,000,000 Net Loss in Month Ended November 30
DELPHI CORP: Incurs $231 Million Net Loss in Month Ended Nov. 30
DUNMORE HOMES: Files Schedules of Assets and Liabilities
HANCOCK FABRICS: Posts $17,000 Net Loss in Month Ended December 1

HOMEBANC MORTGAGE: Posts $11,594,000 Net Loss in November 2007
INTERSTATE BAKERIES: Posts $13,401,611 Net Loss in November 2007
IWT TESORO: Incurs $929,405 Net Loss in Month Ended November 30
LEVITZ FURNITURE: Files Schedules of Assets and Liabilities
MUSICLAND HOLDING: Posts $30,000 Net Loss in October 2007

MUSICLAND HOLDING: Posts $296,000 Net Loss in November 2007
NY WESTCHESTER: Submits Operating Report for November 2007
PERFORMANCE TRANS: Files Schedules of Assets and Liabilities
PERFORMANCE TRANS: Hadley Files Schedules of Assets and Debts
PERFORMANCE TRANS: Leaseway Files Schedules of Assets and Debts

PERFORMANCE TRANS: PLG Leasing Files Schedules of Assets and Debts
REMY WORLDWIDE: Incurs $5,932,000 Net Loss in October 2007
SOLUTIA INC: Posts $15,000,000 Net Loss in November 1-30, 2007


                             *********

ASARCO LLC: Earns $40,654,000 in Month Ended November 30, 2007
--------------------------------------------------------------

                        ASARCO LLC, et al.
                           Balance Sheet
                      As of November 30, 2007

ASSETS
   Current Assets:
   Cash                                           $922,758,000
   Restricted Cash                                  26,950,000
   Accounts receivable, net                        150,085,000
   Inventory                                       270,748,000
   Prepaid expenses                                  3,881,000
   Other current assets                             18,404,000
                                               ---------------
Total Current Assets                             1,392,826,000

Net property, plant and equipment                  460,244,000
Other Assets
   Investments in subs                             114,036,000
   Advances to affiliates                              480,000
   Prepaid pension & retirement plan                         0
   Non-current deferred tax asset                   40,951,000
   Other                                            96,120,000
                                               ---------------
Total assets                                    $2,104,659,000
                                               ===============

LIABILITIES
   Postpetition liabilities:
   Accounts payable                                $52,845,000
   Accrued liabilities                             543,701,000
   Debtor-in-possession financing                            0
                                               ---------------
Total postpetition liabilities                     596,546,000

Prepetition liabilities:
Not subject to compromise - credit                   4,053,000
Not subject to compromise - other                  142,325,000
Advances from affiliates                            24,659,000
Subject to compromise                            1,684,016,000
                                               ---------------
Total prepetition liabilities                    1,855,053,000
                                               ---------------
Total liabilities                                2,451,599,000
                                               ===============
OWNERS' EQUITY (DEFICIT)
Common stock                                       508,324,000
Additional paid-in capital                         104,578,000
Other comprehensive income                        (261,528,000)
Retained earnings: filing date                  (1,551,296,000)
                                               ---------------
Total prepetition owners' equity                (1,199,923,000)
Retained earnings: post-filing date                852,983,000
                                               ---------------
Total owners' equity (net worth)                  (346,940,000)
                                               ---------------
Total liabilities and owners' equity            $2,104,659,000
                                               ===============

                           ASARCO LLC, et al.
               Consolidated Statement of Operations
                    Month Ended November 30, 2007

Sales                                             $155,479,000
Cost of products and services                       89,341,000
                                               ---------------
Gross profit                                        66,138,000

Operating expenses:
Selling and general & admin expenses                 3,507,000
Depreciation & amortization                          2,919,000
Provision accretion expense of asset
   retirement obligation                               163,000
                                               ---------------
Operating income                                    59,548,000
Interest expense                                             0
Interest income                                     (6,677,000)
Reorganization expenses                              5,770,000
Other miscellaneous (income) expenses               (6,056,000)
                                               ---------------
Income (loss) before taxes                          66,512,000
Income taxes                                        25,858,000
                                               ---------------
Net income (loss)                                  $40,654,000
                                               ===============

                           ASARCO LLC, et al.
             Consolidated Cash Receipts & Disbursements
                     Month Ended November 30, 2007

Receipts                                          $214,803,000
Disbursements:
Inventory material                                  83,807,000
Operating disbursements                             63,694,000
Capital expenditures                                10,077,000
                                               ---------------
Total disbursements                                157,577,000
Operating cash flow                                 57,226,000
Reorganization disbursements                         6,787,000
                                               ---------------
Net cash flow                                       50,439,000
Net payments to secured Lenders                              0
                                               ---------------
Net change in cash                                  50,439,000
Beginning cash balance                             899,269,000
                                               ---------------
Ending cash balances                              $949,708,000
                                               ===============

Based in Tucson, Arizona, ASARCO LLC -- http://www.asarco.com/
-- is an integrated copper mining, smelting and refining company.
Grupo Mexico S.A. de C.V. is ASARCO's ultimate parent.  The
Company filed for chapter 11 protection on Aug. 9, 2005 (Bankr.
S.D. Tex. Case No. 05-21207).  James R. Prince, Esq., Jack L.
Kinzie, Esq., and Eric A. Soderlund, Esq., at Baker Botts L.L.P.,
and Nathaniel Peter Holzer, Esq., Shelby A. Jordan, Esq., and
Harlin C. Womble, Esq., at Jordan, Hyden, Womble & Culbreth, P.C.,
represent the Debtor in its restructuring efforts.  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).

The Debtors' exclusive period to file a plan expires on Feb. 11,
2008.  (ASARCO Bankruptcy News, Issue No. 62; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).


DANA CORP: Incurs $29,000,000 Net Loss in Month Ended November 30
-----------------------------------------------------------------
Dana Corp. and its debtor-affiliates submitted to the U.S.
Bankruptcy Court for the Southern District of New York their
monthly operating report for November 2007, disclosing:

                           Dana Corporation
                  Unaudited Condensed Balance Sheet
                         At November 30, 2007

ASSETS

CURRENT ASSETS
  Cash and cash equivalent assets                $1,174,000,000
  Accounts receivable
     Trade                                        1,407,000,000
     Other                                          293,000,000
  Inventories                                       832,000,000
  Assets of discontinued operations                  41,000,000
  Other current assets                              154,000,000
                                                 --------------
     Total current assets                         3,901,000,000

Investments and other assets                                  0
Investments in equity affiliates                    430,000,000
Net property, plant and equipment                 1,752,000,000
Other noncurrent assets                           1,048,000,000
                                                 --------------
TOTAL ASSETS                                     $7,131,000,000
                                                 ==============

LIABILITY AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
  DIP Financing                                    $900,000,000
  Notes payable, including current portion
     of long-term debt                              177,000,000
  Accounts payable                                1,115,000,000
  Liabilities of discontinued operations             18,000,000
  Other accrued liabilities                         847,000,000
                                                 --------------
Total current liabilities                         3,057,000,000

Liabilities subject to compromise                 4,009,000,000
Deferred employee benefits and other
  non-current liabilities                           487,000,000
Long-term debt                                       13,000,000
Minority interest in consolidated subsidiaries
99,000,000
Total liabilities                                 7,665,000,000
Shareholders' equity                               (534,000,000)
                                                 --------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY       $7,131,000,000
                                                 ==============


                           Dana Corporation
              Unaudited Condensed Statement of Operations
                 For the Month Ended November 30, 2007

Net Sales                                          $778,000,000
Costs and expenses
  Costs of sales                                    745,000,000
  Selling, general and administrative expenses       22,000,000
  Realignment charges                                 5,000,000
  Other income, net                                   6,000,000
                                                 --------------
Income from operations                               12,000,000

Interest expense                                     10,000,000
Reorganization charges                                8,000,000
                                                 --------------
Loss before income taxes                             (6,000,000)

Income tax (expense) benefit                          9,000,000
Minority interest                                     2,000,000
Equity in earnings of affiliates                              0
                                                 --------------
Loss before continuing operations                   (17,000,000)

Loss from discontinued operations                   (12,000,000)
                                                 --------------
Net loss                                           ($29,000,000)
                                                 ==============


                           Dana Corporation
               Unaudited Condensed Statement of Cash Flow
                 For the Month Ended November 30, 2007

OPERATING ACTIVITIES
Net loss                                           ($29,000,000)
Depreciation and amortization                        24,000,000
Loss on sale of business                                      0
Non-cash portion of U.K. pension charge                       0
Increase in working capital                         (19,000,000)
Unremitted equity earnings in affiliates              3,000,000
Other                                                26,000,000
                                                 --------------
Net cash flow provided by
(used for) operating activities                       5,000,000
                                                 --------------
INVESTING ACTIVITIES
Purchases of property, plant and equipment          (24,000,000)
Proceeds from sale of assets                                  0
Other                                                         0

Net cash flow provided by
(used for) operating activities                     (24,000,000)
                                                 --------------
FINANCING ACTIVITIES
Net change in short-term debt                        11,000,000
Proceeds from DIP facility                                    0
                                                 --------------
Net cash flow provided by
(used for) financing activities                      11,000,000

Net increase (decrease) in cash equivalents          (8,000,000)

Cash and cash equivalents, beginning of period    1,182,000,000
                                                 --------------
Cash and cash equivalents, end of period         $1,174,000,000
                                                 ==============

Based in Toledo, Ohio, Dana Corporation -- http://www.dana.com/--
designs and manufactures products for every major vehicle producer
in the world, and supplies drivetrain, chassis, structural, and
engine technologies to those companies.  Dana employs 46,000
people in 28 countries.  Dana is focused on being an essential
partner to automotive, commercial, and off-highway vehicle
customers, which collectively produce more than 60 million
vehicles annually.

Dana has facilities in China in the Asia-Pacific, Argentina in
the Latin-American regions and Italy in Europe.

The company and its affiliates filed for chapter 11 protection
on March 3, 2006 (Bankr. S.D.N.Y. Case No. 06-10354).  As of
Aug. 31, 2007, the Debtors listed $6,878,000,000 in total assets
and $7,551,000,000 in total debts resulting in a total
shareholders' deficit of $673,000,000.

Corinne Ball, Esq., and Richard H. Engman, Esq., at Jones Day,
in Manhattan and Heather Lennox, Esq., Jeffrey B. Ellman, Esq.,
Carl E. Black, Esq., and Ryan T. Routh, Esq., at Jones Day in
Cleveland, Ohio, represent the Debtors.  Henry S. Miller at
Miller Buckfire & Co., LLC, serves as the Debtors' financial
advisor and investment banker.  Ted Stenger from AlixPartners
serves as Dana's Chief Restructuring Officer.

Thomas Moers Mayer, Esq., at Kramer Levin Naftalis & Frankel
LLP, represents the Official Committee of Unsecured Creditors.
Fried, Frank, Harris, Shriver & Jacobson, LLP serves as counsel
to the Official Committee of Equity Security Holders.  Stahl
Cowen Crowley, LLC serves as counsel to the Official Committee
of Non-Union Retirees.

The Debtors filed their Joint Plan of Reorganization on Aug. 31,
2007.  On Oct. 23, 2007, the Court approved the adequacy of the
Disclosure Statement explaining their Plan.  The Court confirmed
the Debtor's Plan on Dec. 26, 2007.  (Dana Corporation Bankruptcy
News, Issue No. 67; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


DELPHI CORP: Incurs $231 Million Net Loss in Month Ended Nov. 30
----------------------------------------------------------------

                    Delphi Corporation, et al.
               Unaudited Consolidated Balance Sheet
                     As of November 30, 2007
                          (In Millions)

                              ASSETS

Current assets:
   Cash and cash equivalents                                $13
   Restricted cash                                          124
   Accounts receivable, net:
      General Motors and affiliates                       1,482
      Other third parties                                   949
      Non-Debtor affiliates                                 232
   Notes receivable from non-Debtor affiliates              286
   Inventories, net:
      Productive material, work-in-process & supplies       794
      Finished goods                                        215
   Other current assets                                     357
                                                       --------
      TOTAL CURRENT ASSETS                                4,452

Long-term assets:
   Property, net                                          1,756
   Investment in affiliates                                 380
   Investments in non-Debtor affiliates                   4,046
   Goodwill                                                 152
   Other intangible assets                                   25
   Other                                                    534
                                                       --------
      TOTAL LONG-TERM ASSETS                              6,893
                                                       --------
TOTAL ASSETS                                            $11,345
                                                       ========

              LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities not subject to compromise:
   Debtor-in-possession financing                        $3,301
   Accounts payable                                       1,279
   Accounts payable to non-Debtor affiliates                525
   Accrued liabilities                                    1,362
   Notes payable to non-Debtor affiliates                    66
                                                       --------
   TOTAL CURRENT LIABILITIES                              6,533

Long-term liabilities not subject to compromise:
   Employee benefit plan obligations and other            1,143

Liabilities subject to compromise                        17,008
                                                       --------
   TOTAL LIABILITIES                                     24,684

Stockholders' deficit:
   TOTAL STOCKHOLDERS' DEFICIT                          (13,339)
                                                       --------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT             $11,345
                                                       ========


                    Delphi Corporation, et al.
          Unaudited Consolidated Statement of Operations
                  Month Ended November 30, 2007
                          (In Millions)

Net sales:
   General Motors and affiliates                           $660
   Other customers                                          431
   Non-Debtor affiliates                                     54
                                                       --------
Total net sales                                           1,145
                                                       --------
Operating expenses:
   Cost of sales                                          1,023
   U.S. employee workforce transition program charges        41
   Long-lived asset impairment charges                        -
   Depreciation and amortization                             46
   Selling, general and administrative                       85
   Securities & ERISA litigation charge                       -
                                                       --------
Total operating expenses                                  1,195
                                                       --------
Operating loss                                              (50)

Interest expense                                            (41)
Loss on extinguishment of debt                               (4)
Other (expense) income, net                                  12
                                                       --------
Loss before reorganization items, income
   tax expense, and equity income                           (83)
Reorganization items                                        (13)
Income tax benefit (expense)                                 (1)
Equity income from non-consolidated affiliates                4
Equity income from non-Debtor affiliates                   (138)
                                                       --------
NET LOSS                                                  ($231)
                                                       ========


                    Delphi Corporation, et al.
          Unaudited Consolidated Statement of Cash Flows
                  Month Ended November 30, 2007
                          (In Millions)

Cash flows from operating activities:
   Net loss                                               ($231)
   Adjustments to reconcile net loss
    to net cash provided by operating activities:
    Depreciation and amortization                            46
    Deferred income taxes                                    (1)
    Pension and other postretirement benefit expenses        68
    Equity income from unconsolidated affiliates             (4)
    Equity income from non-Debtor affiliates                138
    Reorganization items                                     13
    U.S. employee workforce transition program charges       41
    Loss on extinguishment of debt                            4
   Changes in operating assets and liabilities:
    Accounts receivable, net                                 55
    Inventories, net                                         69
    Other assets                                              3
    Accounts payable, accrued and other long-term debt     (138)
    Other                                                    17
  U.S. employee workforce transition program payments       (37)
    Other postretirement benefit payments                   (20)
    Pension contributions                                    (2)
    Payments for reorganization items                       (14)
                                                       --------
Net cash used in operating activities                         7

Cash flows from investing activities:
   Capital expenditures                                     (37)
   Proceeds from divestitures                                20
   Increase in restricted cash                                2
                                                       --------
Net cash used in investing activities                       (15)

Cash flows from financing activities:
   Net proceeds from DIP facility                            22
   Repayments on borrowings from non-Debtor affiliates       (1)
                                                       --------
Net cash used in financing activities                        21
                                                       --------
Decrease in cash and cash equivalents                        13
Cash and cash equivalents at beginning of period              -
                                                       --------
Cash and cash equivalents at end of period                  $13
                                                       ========

                          *     *     *

Reuters notes that Delphi's net loss of $231,000,000 for November
has pushed the company's loss through the first 11 months of 2007
to $2,782,000,000.

Reuters also notes that sales to General Motors Corp., Delphi's
former parent, totaling $660,000,000, accounted for 58% of the
auto-parts supplier's net revenues for November.  According to
Delphi's Monthly Operating Report, sales to General Motors and
its affiliates accounted for $8,298,000,000 out of the company's
net sales of $14,351,000,000 from January through November.

Crain's Detroit Business says Delphi ranks second on the
Automotive News list of the top 100 global suppliers with
original equipment automotive parts sales of $24,400,000,000 in
2006.

                     About Delphi Corporation

Headquartered in Troy, Michigan, Delphi Corporation (OTC: DPHIQ)
-- http://www.delphi.com/-- is the single supplier of vehicle
electronics, transportation components, integrated systems and
modules, and other electronic technology.  The company's
technology and products are present in more than 75 million
vehicles on the road worldwide.  Delphi has regional headquarters
in Japan, Brazil and France.

The company filed for chapter 11 protection on Oct. 8, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-44481).  John Wm. Butler Jr.,
Esq., John K. Lyons, Esq., and Ron E. Meisler, Esq., at Skadden,
Arps, Slate, Meagher & Flom LLP, represent the Debtors in their
restructuring efforts.  Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., and Mark A. Broude, Esq., at Latham & Watkins LLP,
represents the Official Committee of Unsecured Creditors.  As of
March 31, 2007, the Debtors' balance sheet showed $11,446,000,000
in total assets and $23,851,000,000 in total debts.

On Sept. 6, 2007, the Debtors filed their chapter 11 plan of
reorganization and a disclosure statement explaining that plan.
They submitted an amended reorganization plan and disclosure
statement on Dec. 10, 2007.  The Debtors' exclusive plan-filing
period expires on March 31, 2008.  The Court has scheduled a
confirmation hearing on Jan. 17, 2008.  (Delphi Bankruptcy News,
Issue No. 104; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


DUNMORE HOMES: Files Schedules of Assets and Liabilities
--------------------------------------------------------
Dunmore Homes Inc. submitted to the United States Bankruptcy Court
for the Southern District of New York its schedules of assets and
liabilities, disclosing:

A.    Real Property
      Lots 259, 260, 261 of Natomas Central Subd.    $4,357,530

B.    Personal Property
B.1   Cash on Hand                                          200

B.2   Bank Accounts
         Guaranty Bank - CD                             350,000
         Umpqua Bank                                    110,708
         Guaranty Bank                                    7,684

B.3   Security Deposits
         Rent deposit - 8781 Sierra College LLC          51,627
         Rent deposit - Fresno Hemdon Investors LLC       8,500
         Workers Comp Deposit                            11,763

B.12  Interests in pension plans, 401(k) Plan
         Deferred Compensation Funds                  1,410,579
         Money Market Funds                             274,730

B.14  Interests in partnerships or joint ventures
         Premier Lending Services LP                     13,382

B.16  Accounts Receivable
         Notes receivable - Sidney Dunmore           11,199,042
         Dunmore Land Company                           350,749

B.21  Other Contingent and Unliquidated Claims
         Potential refund from FTB-2003 return           60,016
         B&D Plumbing, Inc.                              50,146
         IM Construction, Inc.                           18,399
         VC Concrete                                     12,921
         Production Framing Systems                       6,786
         Quality Door and Trim                            6,217
         Wilmore and Sons Plumbing                        5,934
         Sherman Loehr Custom Tile Works                  5,564
         Timberlake Cabinet Co.                           4,811
         Creative Touch Interiors - Roseville             3,214
         Simas Floor Company, Inc.                        2,618
         Others                                          43,163

B.25  Vehicles
         2005 Chevy Silverado                            10,000
         2003 GMC Envoy                                   5,000
         2001 Chevy van                                   3,000
         2001 Chevy van                                   3,000

B.28  Office Equipment
         Office furnishings                              52,937
         Computer hardware                               19,172
         Office equipment                                15,094


B.29  Machinery, fixtures, equipment for Business         3,657

B.35  Other Personal Property
         Cordano Parcel Option to Acquire               815,000
         Potential insurance recoveries - Cooper        700,000
         Potential insurance recoveries - RAM/MTN       750,000

      TOTAL SCHEDULED ASSETS                        $20,743,147
      =========================================================

C.    Property Claimed                                        0

D.    Creditors Holding Secured Claims
         Sacramento Valley Farm Credit               $1,529,567
         Travelers Bond                               9,147,084

E.    Creditors Holding Unsecured Priority Claims
         Sacramento County Tax Collector                184,056
         Placer County Tax Collector                     11,551
         Franchhise Tax Bard                              9,063
         Fresno County Tax Collector                      3,484

F.    Creditors Holding Unsecured Non-priority Claims
         RBC Builder Finance                         40,010,499
         Guaranty Bank                               38,277,001
         Key Bank                                    36,140,131
         Wachovia Bank, N.A.                         20,544,317
         Bank of New York                            20,000,000
         Comerica Bank                               19,569,954
         Affinity Bank                               17,054,943
         Franklin Bank                               10,637,173
         Indymac Bank F.S.B.                          8,524,813
         United Commercial Bank                       6,367,814
         Cal Sierra Construction, Inc.                4,158,269
         JMP Securities                               2,000,000
         MacKay & Somps - Sacramento                  1,745,804
         Telchert Construction                          737,859
         Cooper White & Cooper LLP                      403,888
         SGN Nelson Construction                        393,390
         Hemington Landscape Service                    390,043
         Valley Utility Services Inc.                   368,055
         B&D Plumbing, Inc.                             324,500
         Slaughter, John                                317,715
         Beutler Corp.                                  275,692
         Old Country Roofing Inc.                       241,989
         Dennis Blazona Construction, Inc.              213,483
         Timberlake Cabinet Company                     206,540
         Doorway Mfg. Co.                               206,179
         Wetland and Erosion Technologies               204,000
         Gibson, Michelle                               198,587
         Premier Indemnity Company                      192,525
         Simas Floor Company                            192,480
         Placer Lumber                                  192,173
         Emerald Drywall                                174,905
         Sherman Loehr Custom Tile Works                173,989
         CVC Construciton                               172,325
         G. Glenn Plastering                            167,801
         Lutz, Michael                                  167,980
         Ingram, Thomas                                 155,280
         Creative Touch Interiors - Fresno              140,612
         Terrence E. Lowell and Associates              136,935
         Creative Touch Interiors - Roseville           134,734
         KTGY Group, Inc.                               134,586
         Sacramento Bee                                 128,405
         Energetic Paint & Drywall                      128,124
         Power Factor Electric                          126,908
         Lupton Excavation, Inc.                        121,536
         Golden State Custom Framing, Inc.              121,404
         H&M Roofing                                    119,338
         GE Appliances                                  118,202
         I and J Builder                                107,738
         McDonough, Holland & Allen                     108,558
         Vemon, Dennis                                  107,888
         NorCal Environmental Corporation               105,330
         Air Design, Inc.                               100,805
         Pedro's Drywall, Inc.                           98,020
         Morgan Miller Blair                             96,568
         Virtue Masonry                                  96,241
         Design Masonry                                  95,741
         MacKay & Somps - Roseville                      92,598
         Executive Cleaning Corp.                        82,450
         Parker Landscape Development, Inc.              81,767
         Blazona Concrete Construction                   81,320
         Motivational Systems, Inc.                      77,910
         Pacific Park Landscaping                        70,108
         Sierra Pacific Lath and Plaster                 70,975
         Downey Plumbing                                 61,770
         Edwards Plastering                              66,164
         Riddio Construction                             61,666
         Others                                       5,254,052

      TOTAL SCHEDULED LIABILITIES                  $250,252,312
      =========================================================

Headquartered in Granite Bay, California, Dunmore Homes Inc. is a
privately-owned homebuilder.  The company filed for Chapter 11
protection on Nov. 8, 2007 (Bankr. S.D.N.Y. Case No. 07-13533).
Maria A. Bove, Esq., and Debra I. Grassgreen, Esq., at Pachulski
Stang Ziehl & Jones LLP, represent the Debtor in its restructuring
efforts.  The Official Committee of Unsecured Creditors has
selected Morrison & Foerster LLP as its counsel in this bankruptcy
proceeding.  When the Debtor filed for protection against its
creditors, it listed assets and liabilities of more than
$100 million.

The Debtor's exclusive period to file a plan expires on March 7,
2008.  (Dunmore Bankruptcy News, Issue No. 7; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).


HANCOCK FABRICS: Posts $17,000 Net Loss in Month Ended December 1
-----------------------------------------------------------------

              Hancock Fabrics Inc. and Subsidiaries
                  Consolidated Balance Sheet
                    As of December 1, 2007

ASSETS
Current assets:
   Cash and cash equivalents                        $3,366,000
   Receivables less allowance for
      doubtful accounts                              6,584,000
   Inventories                                      85,039,000
   Income taxes refundable                           8,235,000
   Prepaid expenses                                  1,766,000
                                                  ------------
   Total current assets                            104,990,000

Property and equipment                              43,330,000
Other assets                                        14,957,000
                                                  ------------
Total Assets                                      $163,277,000
                                                  ============

LIABILITIES AND SHAREHOLDERS'  EQUITY
Liabilities not subject to compromise
   Accounts payable                                $20,435,000
   Credit facility; DIP financing                   18,706,000
   Accrued liabilities                               9,820,000
   Deferred tax liabilities                          6,273,000

Liabilities subject to compromise
   Accounts payable                                 28,345,000
   Accrued liabilities                              10,932,000
   Long-term lease financing obligations             1,676,000
   Capital lease obligations                         1,701,000
   Postretirement benefits other than pensions       9,588,000
   Pension and SERP liabilities                      8,074,000
   Other liabilities                                 9,098,000
                                                  ------------
Total Liabilities                                  125,648,000
Total Shareholders Equity                           37,629,000
                                                  ------------
Total liabilities and shareholders' equity        $163,277,000
                                                  ============


              Hancock Fabrics Inc. and Subsidiaries
               Consolidated Statement of Operations
               For the Month Ended December 1, 2007

Sales                                             $27,065,000
Cost of goods sold                                 15,705,000
                                                 ------------
Gross profit                                       11,360,000

Selling general & admin expense                     9,720,000
Depreciation and amortization                         292,000
                                                 ------------
Operating income (loss)                             1,348,000

Reorganization expenses                             1,050,000
Interest expense net                                  315,000
                                                 ------------
Earnings (loss) before income taxes                   (17,000)
Income taxes                                                0
                                                 ------------
Net earnings (loss)                                  ($17,000)
                                                 ============


              Hancock Fabrics Inc. and Subsidiaries
               Consolidated Statement of Cash Flow
              For the Month Ended December 1, 2007

Cash flows from operating activities:
   Net earnings                                      ($17,000)
   Adjustments to reconcile net
   earnings to cash flows used in
   operating activities
      Depreciation and amortization                   519,000
      Amortization of deferred loan costs              99,000
      LIFO charge (credit)                           (277,000)
      Reserve for store closings credits              514,000
      Reserve for obsolete inventory                        0
      Reserve for sales returns and bad debts               0
      Stepped rent accrual                                  0
      Loss on disposition of property
        and equipment                                  77,000
      Gain on disposition of lease
        financing obligations                               0
      Stock compensation expense                       74,000
   (Increase) decrease in assets
      Receivables and prepaid expenses                (52,000)
      Inventory at current cost                     2,799,000
   Income tax refundable                                    0
      Other non-current assets                        (12,000)
   Increase (decrease) in liabilities
      Accounts payable                             (1,785,000)
      Accrued liabilities                            (552,000)
      Postretirement benefits other than pensions     (42,000)
      Long-term pension and SERP liabilities          156,000
      Reserve for store closings                        8,000
      Other liabilities                                (4,000)
                                                 ------------
Net cash used in operating activities               (477,000)

Cash flows from investing activities:
   Additions to property and equipment               (63,000)
   Proceeds from the disposition of property
    and equipment                                      1,000
                                                ------------
Net cash used in investing activities                (62,000)

Cash flows from financing activities:
   Net borrowings on revolving credit agreement     (827,000)
   Payments for lease financing                       (1,000)
   Payments for capital leases                        (4,000)
   Payments for loan costs                                 0
   Purchase of treasury stock                              0
   Tax obligation settled with treasury stock              0
                                                ------------
Net cash provided by financing activities           (832,000)
                                                ------------
Decrease in cash and cash equivalents               (417,000)
Cash beginning of period                           3,783,000
                                                ------------
Cash end of period                                $3,366,000
                                                ============

Headquartered in Baldwyn, Mississippi, 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 six 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.  As of Sept. 1, 2007, Hancock
Fabrics disclosed total assets of $159,673,000 and total
liabilities of 122,316,000.  The Court extended the Debtors'
exclusive period to file a Chapter 11 Plan to May 30, 2008.
(Hancock Fabric Bankruptcy News, Issue No. 23, Bankruptcy
Creditors' Service Inc.; http://bankrupt.com/newsstand/or
215/945-7000).


HOMEBANC MORTGAGE: Posts $11,594,000 Net Loss in November 2007
--------------------------------------------------------------
HomeBanc Mortgage Corporation and its debtor-affiliates submitted
to the U.S. Bankruptcy Court for the Southern District of Delaware
their monthly operating report for November 2007, disclosing:

          HomeBanc Mortgage Corporation and Subsidiaries
               Unaudited Consolidated Balance Sheet
                     As of November 30, 2007

                              ASSETS

Cash                                                 $7,940,000
Restricted cash                                      10,449,000
Mortgage loans held for sale, net                   496,068,000
Mortgage loans held for investment, net                       0
Mortgage servicing rights                            67,157,000
Receivable from custodian                           146,781,000
Trading securities                                      752,000
Securities available for sale                                 0
Securities held to maturity                                   0
Accrued interest receivable                                   0
Premises and equipment, net                             (70,000)
Goodwill, net                                                 0
Deferred tax asset, net                                       0
Accounts receivable from affiliates                           0
Investment in subsidiaries                                    0
Other Assets                                         20,894,000
                                                ---------------
TOTAL ASSETS                                       $749,971,000
                                                ===============

                       LIABILITIES & EQUITY

Warehouse lines of credit                          $523,011,000
Repurchase agreements                                         0
Loan funding payable                                  1,478,000
Accrued interest payable                                      0
Accrued expenses                                      6,211,000
Other accounts payable                              (18,561,000)
Accounts payable to affiliates                          510,000
Collaterized debt obligations                                 0
Junior subordinated debentures representing         175,260,000
  obligations for trust preferred securities
                                                ---------------
Total liabilities                                   687,909,000

Minority interest                                        64,000

Shareholders Equity:
  Preferred stock                                    47,992,000
  Common stock                                          571,000
  Additional paid-in capital                        278,865,000
  Accumulated deficit                              (247,526,000)
  Treasury stock                                    (17,904,000)
  Accumulated other comprehensive (loss) income               0
                                                ---------------
Total shareholder's equity                           61,998,000
                                                ---------------
TOTAL LIABILITIES & EQUITY                         $749,971,000
                                                ===============


          HomeBanc Mortgage Corporation and Subsidiaries
          Unaudited Consolidated Statement of Operations
           For the Month Period Ended November 30, 2007

REVENUES
Net interest income:
  Interest income:
    Mortgage loans including fees                    $1,179,000
    Securities available for sale                             0
    Securities held to maturity                               0
    Trading securities                                        0
                                                ---------------
  Total interest income                               1,179,000
  Total interest expense                              5,785,000
                                                ---------------
  Net interest income                                 6,964,000
  Provision for loan losses                                   0
                                                ---------------
  Net interest income after provision for loan
    losses                                            6,964,000
  Net gain on sale of mortgage loans                   (575,000)
  Net gain on sale of securities available
    for sale                                                  0
  Mortgage servicing income, net                      1,728,000
  Other revenue                                               0
                                                ---------------
Total revenues                                        8,117,000

EXPENSES
Salaries and associate benefits, net                    366,000
Goodwill impairment                                           0
Marketing and promotions                                 51,000
Occupancy and equipment                             (10,635,000)
Depreciation and amortization                           486,000
Minority interest                                             0
Other operating expense                              12,942,000
                                                ---------------
Total expenses                                        3,210,000
                                                ---------------
Loss before income taxes                              4,907,000

Income tax expense                                   16,501,000
                                                ---------------
Net Income (Loss)                                  ($11,594,000)
                                                ===============


          HomeBanc Mortgage Corporation and Subsidiaries
               Consolidated Statement of Cash Flows
          For the 11-Month Period Ended November 30, 2007

OPERATING ACTIVITIES
Net Income (Loss)                                 ($182,454,000)

Adjustments to reconcile net loss to net cash
  (used in) provided by operating activities:
  Goodwill impairment                                39,995,000
  Depreciation and amortization                       6,830,000
  Net amortization of premium/accretion of
    discount on investment securities                (1,064,000)
  Provision for loan losses                          (3,830,000)
  Provision for losses associated with certain
    loan sales and mortgage loans held for sale      (5,104,000)
  Gain on sale of securities available for sale     (24,003,000)
  Capitalization of mortgage servicing rights       (23,172,000)
  Change in fair value of mortgage servicing rights     (77,000)
  Loss on disposal of premises and equipment         42,097,000
  Stock-based compensation, net                       2,678,000
  Compensation expense for Sales Equity Plan, net       158,000
  Cumulative effect of change in accounting
    principle                                                 0
  Minority interest                                      22,000
  Deferred taxes                                     22,218,000
  Decrease (increase) in restricted cash            117,584,000
  (Increase) decrease in mortgage loans held for
    sale, net                                      (116,769,000)
  Increase in trading securities                      4,072,000
  Decrease in receivable from custodian             (69,169,000)
  Decrease (increase) in accrued interest            22,387,000
    receivable
  Decrease (interest) in other assets                96,602,000
  (Decrease) increase in accrued interest
    payable                                          (9,144,000)
  Decrease in other liabilities                     (88,938,000)
                                                ---------------
Net cash (used in) provided by operating
  activities                                       (169,081,000)

INVESTING ACTIVITIES
Net principal collections of mortgage loans held
  for investment                                  4,370,528,000
Purchases of premises and equipment, net             (3,451,000)
Purchases of investment securities available
  for sale                                                    0
Proceeds from the sale of securities available
  for sale                                        1,509,386,000
Proceeds from maturities and prepayments of
  investment securities available for sale           49,274,000
Purchase of investment securities held to
  maturity                                                    0
Proceeds from maturities and prepayments of
  investment securities held to maturity             10,553,000
                                                ---------------
Net cash provided by (used in) investing
  activities                                      5,936,290,000

FINANCING ACTIVITIES
Increase (decrease) in warehouse credit
  facilities, net                                   118,246,000
(Decrease) increase in repurchase agreements,
  net                                            (1,527,470,000)
Net change in loan funding payable                  (62,377,000)
Proceeds from debt issuance                                   0
Repayment of debt                                (4,277,026,000)
Proceeds from issuance of preferred stock, net                0
Purchase of shares under share repurchase program   (16,499,000)
Purchase of shares under Sales Equity Plan                    0
Cash dividends paid                                 (15,130,000)
                                                ---------------
Net cash (used in) provided by financing
  activities                                     (5,780,256,000)
                                                ---------------
Net increase (decrease) in cash                     (13,047,000)
Cash and cash equivalents at beginning of period     20,987,000
                                                ---------------
Cash and cash equivalents at end of period           $7,940,000
                                                ===============

Headquartered in Atlanta, Georgia, HomeBanc Mortgage Corporation -
- http://www.homebanc.com/-- is a mortgage banking company
focused  on originating primarily prime purchase money residential
mortgage loans in the Southeast United States.

HomeBanc Mortgage together with five affiliates filed for chapter
11 protection on Aug. 9, 2007 (Bankr. D. Del. Case Nos. 07-11079
through 07-11084).  Joel A. Waite, Esq., at Young, Conaway,
Stargatt & Taylor was selected by the Debtors to represent them in
these cases.  The Official Committee of Unsecured Creditors
selected the firm Otterbourg, Steindler, Houston and Rosen, P.C.
as its counsel.  The Debtors' financial condition as of June 30,
2007, showed total assets of $5,100,000,000 and total liabilities
of $4,900,000,000.

The Debtors' exclusive period to file a plan ends on April 7,
2008.  (HomeBanc Bankruptcy News, Issue No. 16; Bankruptcy
Creditors' Services Inc. http://bankrupt.com/newsstand/or
215/945-7000).


INTERSTATE BAKERIES: Posts $13,401,611 Net Loss in November 2007
----------------------------------------------------------------
Interstate Bakeries Corporation and its debtor-affiliates
submitted to the U.S. Bankruptcy Court for the Western District of
Missouri their monthly operating report for November 2007,
disclosing:

          Interstate Bakeries Corporation and Subsidiaries
           Unaudited Consolidated Monthly Operating Report
                Four Weeks Ended November 17, 2007

REVENUE:
Gross Income                                       $207,187,594
Less Cost of Goods Sold
   Ingredients, Packaging & Outside Purchasing       54,706,753
   Direct & Indirect Labor                           36,106,432
   Overhead & Production Administration              10,612,300
                                                  -------------
      Total Cost of Goods Sold                      101,425,485
                                                  -------------
         Gross Profit                               105,762,109
                                                  -------------
OPERATING EXPENSES

Owner-Draws/Salaries                                          -
Selling & Delivery Employee Salaries                 49,526,210
Advertising and Marketing                             1,510,062
Insurance (Property, Casualty, & Medical              8,644,982
Payroll Taxes                                         4,282,371
Lease and Rent                                        2,882,765
Telephone and Utilities                                 974,498
Corporate Expense (Including Salaries                 8,079,316
Other Expenses                                       28,229,018
                                                  -------------
     Total Operating Expenses                       104,129,222
                                                  -------------
EBITDA                                                1,632,887

Restructuring & Reorganization Charges                6,500,180
Depreciation and Amortization                         4,972,109
Abandonment                                             251,496
Property & Equipment Impairment                        (350,680)
Other( Income)/Expense                                   61,397
Gain/Loss Sale of Property                                    -
Interest Expense                                      3,812,375
                                                  -------------
     Operating Income (Loss)                        (13,613,990)
Income Tax Expense (Benefit)                           (212,379)
                                                  -------------
NET Income (Loss)                                  ($13,401,611)
                                                  =============

CURRENT ASSETS
   Accounts Receivable at end of period             134,880,471
   Increase (Dec.) in Accounts Receivable            (3,355,359)
   Inventory at end of period                        53,812,714
   Increase (Decrease) in Inventory for period       (2,910,199)
   Cash at end of period                             58,439,272
   Increase (Decrease) in Cash for period           (16,755,920)
   Restricted Cash                                   19,156,243
   Increase (Dec.) in Restricted Cash for period        906,860

LIABILITIES
   Increase (Decrease) in Liabilities
      Not Subject to Compromise                      (8,395,165)
   Increase (Decrease) in Liabilities
      Subject to Compromise                           3,444,045
   Taxes payable:
      Federal Payroll Taxes                           4,485,171
      State/Local Payroll Taxes                       3,942,073
      State Sales Taxes                                 625,264
      Real Estate and Personal Property Taxes         7,768,000
      Other                                           3,549,307
                                                  -------------
      Total Taxes Payable                           $20,729,815
                                                  =============

Headquartered in Kansas City, Missouri, Interstate Bakeries
Corporation is a wholesale baker and distributor of fresh-baked
bread and sweet goods, under various national brand names,
including Wonder(R), Baker's Inn(R), Merita(R), Hostess(R) and
Drake's(R).  Currently, IBC employs more than 25,000 people and
operates 45 bakeries, as well as approximately 800 distribution
centers and approximately 800 bakery outlets throughout the
country.

The company and seven of its debtor-affiliates filed for chapter
11 protection on Sept. 22, 2004 (Bankr. W.D. Mo. Case No. 04-
45814).  J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP represent the Debtors in
their restructuring efforts.  When the Debtors filed for
protection from their creditors, they listed $1,626,425,000 in
total assets and $1,321,713,000 (excluding the $100,000,000 issue
of 6% senior subordinated convertible notes due Aug. 15, 2014) in
total debts.  The Debtors' filed their Chapter 11 Plan and
Disclosure Statement on Nov. 5, 2007.  Their exclusive period to
file a chapter 11 plan expired on November 8.

The Debtors have been been actively seeking higher and better
offers to the proposed financing and plan support agreements and
received interest from multiple parties regarding the opportunity
to invest in the company.  The deadline for investors to submit
initial bids was on November 28 and deadline to submit final bids
is on Jan. 15, 2008.

(Interstate Bakeries Bankruptcy News, Issue No. 81; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000).


IWT TESORO: Incurs $929,405 Net Loss in Month Ended November 30
---------------------------------------------------------------
I.W.T. Tesoro Corporation and its debtor-affiliates U.S.
Bankruptcy Court for the Southern District of New York their
monthly operating report for November 2007.

On a month to date basis, net sales for were $2,725,160, cost of
goods were $1,805,923.  The company had a net loss of $929,405 for
the month ended Nov. 30, 2007.

The Debtors' consolidated balance sheet showed total assets of
$29,706,769, total liabilities of $42,655,401, and total
stockholders' deficit of $12,948,632 as of Nov. 30, 2007.

The Debtors have total current assets of $27,078,448 and total
current liabilities of $9,559,891 as of Nov. 30, 2007.

I.W.T. Tesoro Corporation, fka Ponca Acquisition Company, --
http://www.iwttesoro.com/-- is headquartered in New York City.
The company and its subsidiaries distribute building materials,
specifically hard floor and wall coverings.  They are
wholesalers and do not sell directly to any end user.  Their
products consist of ceramic, porcelain and natural stone floor,
wall and decorative tile.  They import a majority of these
products from suppliers and manufacturers in Europe, South
America (Brazil), and the Near and Far East.  Their markets
include the United States and Canada.  They also offer private
label programs for branded retail sales customers, buying
groups, large homebuilders and home center store chains.

The Debtor and its debtor-affiliates, International Wholesale
Tile, Inc. and American Gres, Inc., filed for Chapter 11
bankruptcy protection on Sept. 6, 2007 (Bankr. S.D. NY Lead Case
No. 07-12841).  John K. Sherwood, Esq., at Lowenstein Sandler
P.C., represents the Official Committee of Unsecured Creditors.
As of June 30, 2007, the Debtors had total assets of $39,798,579
and total debts of $47,940,983.

The Debtors asked an extension to their exclusive period to file a
plan, which expired Jan. 3, 2008.


LEVITZ FURNITURE: Files Schedules of Assets and Liabilities
-----------------------------------------------------------
Levitz Furniture Inc., nka PVLTZ Inc., submitted to the U.S.
Bankruptcy Court for the Southern District of New York its
schedules of assets and liabilities, disclosing:

A.    Real Property                                     $0
B.    Personal Property
B.1   Cash on hand                                  29,998
B.2   Financial Accounts                            51,660
B.3   Security Deposits
        Arizona Public Service                      31,580
        City of Mesa                                 3,000
        Fed-Ex                                       5,000
        LIPA                                        15,505
        Mindpearl                                   73,293
        Net, Check Scanner Machines                 21,150
        Nevada Power                                28,770
        Nj Natural Gas                               2,250
        Orange & Rockland                           15,932
        Pacific Gas & Electric                     159,115
        Southern California Edison Co.             250,000
        Peco Energy                                 42,760
        Pse&G                                       50,300
        SMUD -North Highlands                       39,000
        Srp-River Project                           61,715
        Deposit-LB Bridgewater Store                43,023
        Gold Key Furniture Co                       11,250
        Pet Smart                                   22,834
        Sears, Roebuck & Co. Store                  76,163
        New Modesto CA                              15,000
        Concorde CA - R&B Heritage Investors        63,750
        Bellevue, WA                                25,000
        Elmhurst NY                                 58,842
        Farmingdale NY                              60,637
        Murieta CA                                  48,333
        Others                                     179,916
B.4   Household Goods and Furnishings                    0
B.5   Books, pictures and other art objects              0
B.6   Wearing apparel                                    0
B.7   Furs and jewelry                                   0
B.8   Firearms, sports and other hobby equipment         0
B.9   Interests in insurance policies                    0
B.10  Annuities                                          0
B.11  Interests in education IRA                         0
B.12  Interest in pension, profit sharing plan           0
B.13  Stock & Interests                                  0
B.14  Investments in subsidiaries & others               0
B.15  Gov't. & corporate bonds, etc.                     0
B.16  Accounts Receivable
        HSBC Bank                                2,109,492
        Visa/Mastercard                          2,266,940
        American Express                         1,131,582
        Discover                                   245,818
B.17  Alimony & property settlements                     0
B.18  Liquidated debts owed to debtor                    0
B.19  Other equitable interests                          0
B.20  Investment in deferred compensation                0
B.21  Derivative asset                                   0
B.22  Intellectual property                   Undetermined
B.23  Licenses & franchises                              0
B.24  Borrower & applicant list               Undetermined
B.25  Vehicles & accessories                         5,136
B.26  Boats, motors & accessories                        0
B.27  Aircraft & accessories                             0
B.28  Office equipment, furnishings, supplies    5,294,698*
B.29  Machinery, supplies, equipment, supplies  28,232,439**
B.30  Inventory                                 83,070,759***
B.31  Animals                                            0
B.32  Crops                                              0
B.33  Farming equipment & implements                     0
B.34  Farm supplies, chemicals & feed                    0
B.35  Other personal property                            0

      TOTAL SCHEDULED ASSETS                  $123,842,190
      ====================================================

C.    Property Claimed as Exempt                      None

D.    Creditors Holding Secured Claims
        General Electric Capital Corporation   $32,629,063
        YA Global Investment LP                 22,704,000

E.    Creditors Holding Unsecured Priority Claims
        Employee Wages                        Unliquidated
        Employee benefit plans                Unliquidated
        Taxes Owed to Governmental Units      Unliquidated

F.    Creditors Holding Unsecured               21,088,598****
        Nonpriority Claims

      TOTAL SCHEDULED LIABILITIES              $76,421,661
      ====================================================

*see http://www.bankrupt.com/misc/Levitz_SAL_B28.pdf
**see http://www.bankrupt.com/misc/Levitz_SAL_B29.pdf
***see http://www.bankrupt.com/misc/Levitz_SAL_B30.pdf
****see http://www.bankrupt.com/misc/Levitz_SAL_SchedF.pdf

                      About Levitz Furniture

Based in New York City, Levitz Furniture Inc., nka PVLTZ Inc. --
http://www.levitz.com/-- is a specialty retailer of furniture,
bedding and home furnishings in the United States.  It has 76
locations in major metropolitan areas, principally in the
Northeast and on the West Coast of the United States.

Levitz Furniture Inc. and 11 affiliates filed for chapter 11 on
Sept. 5, 1997.  In December 2000, the Court confirmed the Debtors'
Plan and Levitz emerged from chapter 11 on February 2001.  Levitz
Home Furnishings Inc. was created as the new holding company as a
result of the emergence.

Levitz Home Furnishings and 12 affiliates filed for chapter 11
protection on Oct. 11, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-
45189).  In their second filing, the Debtors disclosed about
$245 million in total assets and $456 million in total debts.
Nicholas M. Miller, Esq., and Richard H. Engman, Esq., at Jones
Day represented the Debtors.  Jeffrey L. Cohen, Esq., Jay R.
Indyke, Esq., and Cathy Hershcopf, Esq., at Cooley Godward Kronish
LLP served as counsel to the Official Committee of Unsecured
Creditors.  During this period, the Debtors closed around 35
stores in the Northeast, California, Minnesota and Arizona.

PLVTZ Inc., a company created by Prentice Capital Management LP,
and Great American Group purchased substantially all the assets of
Levitz Home Furnishings in December 2005.  Initially, Prentice
owned all of the equity interests in PLVTZ.  On July 6, 2007,
PLVTZ was converted into a Delaware corporation, and Harbinger
Capital Partners Special Situations Fund, LP, Harbinger Capital
Partners Master Fund I, Ltd., and their affiliates became minority
shareholders.  Great American's stake in the acquisition was in
running the going-out-of-business sales for some 27 Levitz units.

PLVTZ, dba Levitz Furniture, continued to face decline in
financial performance since December 2005.  Liquidity issues and
the inability to obtain additional capital prompted PLVTZ to seek
protection under chapter 11 on Nov. 8, 2007 (Bankr. S.D.N.Y. Lead
Case No. 07-13532).  Paul D. Leake, Esq., and Brad B. Erens, Esq.,
at Jones Day represents the Debtors in their restructuring
efforts.  Kurtzman Carson Consultants LLC serves as the Debtors'
claims and noticing agent.  The Debtors' exclusive period to file
a chapter 11 plan expires on March 7, 2008.  (Levitz Bankruptcy
News, Issue No. 33; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).

PLVTZ's balance sheet at Sept. 30. 2007, showed total assets of
$177,883,000 and total liabilities of $152,476,000.


MUSICLAND HOLDING: Posts $30,000 Net Loss in October 2007
---------------------------------------------------------

                     Musicland Holding Corp.
                   Consolidated Balance Sheet
                     As of October 31, 2007

ASSETS
Current Assets
   Cash                                            $12,079,000
   Letters of Credit/Other Deposits                    415,000
   Other
      Amounts due from TransWorld                            0
      Receivables from Sub-leases                      774,000
      Amounts due from GOB sales                             0
      Miscellaneous CC                                  29,000
      Vendors Credit due from services               1,541,000
                                                 -------------
      Total                                         14,838,000
                                                 =============

Fixed Assets                                                 0
Other assets
   Transport Logistic deposit                                0
   Insurance Deposits                                3,977,000
   Utility and Tax Deposits                                  0
                                                 -------------
      TOTAL ASSETS                                 $18,815,000
                                                 =============

Liabilities & Shareholders' deficit
Current liabilities
   Accounts payable
      Due to Transworld                                      0
      Due to Deluxe                                          0
      Expense accruals                              $2,840,000
   Other accrued liabilities
      Insurance Reserve                              3,380,000
      5% Admin. Fee on Wachovia L/C                    250,000
      Miscellaneous                                     29,000

                                                 -------------
      Total                                          6,499,000
                                                 -------------

DIP financing                                                0
Other LT Liabilities                                         0
Liabilities subject to compromise                  315,047,000
Shareholders' deficit                             (302,731,000)
                                                 -------------
      TOTAL LIABILITIES &
      SHAREHOLDERS' DEFICIT                        $18,815,000
                                                 =============


                    Musicland Holding Corp.
                    Statement of Operations
               For the Month Ended October 31, 2007


Merchandise revenue                                          0
Non-merchandise revenue                                      0

   Net sales                                                 0

Cost of good sold                                            0

   Gross Profit                                              0

Store operating expenses
   Payroll                                                   0
   Occupancy                                                 0
   Other                                               ($1,000)
                                                 -------------
      Store expenses                                         0
                                                 -------------
General & administrative                                (1,000)
                                                 -------------
EBITDA (Loss)                                           (1,000)

   Chapter 11 & related charges                       (136,000)
   Sale to Transworld                                        0
   Hilco 65                                                  0
   Media Play Wind down                                      0
   Depreciation & Amortization                               0
                                                 -------------
      Operating income (Loss)                         (137,000)

   Interest income (expense)                            44,000
   Other non-operating charges/income                   63,000
                                                 -------------
      Earnings before Taxes                            (30,000)
                                                 -------------
   Income tax                                                0
                                                 -------------
      Net earnings (Loss)                             ($30,000)
                                                 =============


                    Musicland Holding Corp.
                    Statements of Cash Flow
              For the Month Ended October 31, 2007


Operating activities
   Net earnings (Loss)                                ($30,000)
   Adjustments to reconcile net earnings (loss)
      to net cash provided by (used in)
      operating activities:                              1,000

      other current assets                                   0
                                                 -------------
   Net cash provided by (used in)
      operating activities                             (29,000)


Investing activities
Net cash provided by (used in)                               0
   investing activities                                      0
Financing activities                                         -
                                                 -------------
Increase/decrease in cash                              (29,000)
                                                 -------------
   Cash at the beginning of Period                  12,108,000
                                                 -------------
   Cash at the end of Period                       $12,079,000
                                                 =============

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.  At March 31, 2007, the Debtors
disclosed $20,121,000 in total assets and $321,546,000 in total
liabilities.

On May 12, 2006, the Debtors filed their Joint Plan of Liquidation
with the Court.  On Sept. 14, 2006, they filed an amended Plan and
a Second Amended Plan on Oct. 13, 2006.  The Court approved the
adequacy of the Amended Disclosure Statement on Oct. 13, 2006.
The hearing to consider confirmation of the 2nd Amended Joint Plan
started on Nov. 28, 2006.

(Musicland Bankruptcy News, Issue No. 44; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


MUSICLAND HOLDING: Posts $296,000 Net Loss in November 2007
-----------------------------------------------------------

                    Musicland Holding Corp.
                   Consolidated Balance Sheet
                    As of November 30, 2007

ASSETS
Current Assets
   Cash                                            $11,782,000
   Letters of Credit/Other Deposits                    415,000
   Other
      Amounts due from TransWorld                            0
      Receivables from Sub-leases                      774,000
      Miscellaneous CC                                  29,000
      Vendors Credit due from services               1,541,000
                                                 -------------
      Total                                         14,541,000
                                                 =============

Fixed Assets                                                 0
Other assets
   Insurance Deposits                                3,977,000
   Utility and Tax Deposits                                  0
                                                 -------------
      TOTAL ASSETS                                 $18,518,000
                                                 =============

Liabilities & Shareholders' deficit
Current liabilities
   Accounts payable
      Expense accruals                              $2,840,000
   Other accrued liabilities
      Insurance Reserve                              3,380,000
      5% Admin. Fee on Wachovia L/C                    250,000
      Miscellaneous                                     29,000

                                                 -------------
      Total                                          6,499,000
                                                 -------------

DIP financing                                                0
Other LT Liabilities                                         0
Liabilities subject to compromise                  315,047,000
Shareholders' deficit                             (303,028,000)
                                                 -------------
      TOTAL LIABILITIES &
      SHAREHOLDERS' DEFICIT                        $18,518,000
                                                 =============


                    Musicland Holding Corp.
                    Statement of Operations
              For the Month Ended November 30, 2007


Merchandise revenue                                          0
Non-merchandise revenue                                      0

   Net sales                                                 0

Cost of good sold                                            0

   Gross Profit                                              0

Store operating expenses
   Payroll                                                   0
   Occupancy                                                 0
   Other                                              ($42,000)
                                                 -------------
      Store expenses                                         0
                                                 -------------
General & administrative                               (42,000)
                                                 -------------
EBITDA (Loss)                                          (42,000)

   Chapter 11 & related charges                       (302,000)
                                                 -------------
Operating income (Loss)                               (344,000)

   Interest income (expense)                            41,000
   Other non-operating charges/income                    7,000
                                                 -------------
      Earnings before Taxes                           (296,000)
                                                 -------------
   Income tax                                                0
                                                 -------------
      Net earnings (Loss)                            ($296,000)
                                                 =============


                    Musicland Holding Corp.
                    Statements of Cash Flow
              For the Month Ended November 30, 2007


Operating activities
   Net earnings (Loss)                               ($296,000)
   Adjustments to reconcile net earnings (loss)
      to net cash provided by (used in)
      operating activities:                                  0
     Changes in operating assets and liabilities             0
     Other Current Assets                                    0
                                                 -------------
   Net cash provided by (used in)
      operating activities                            (296,000)


Investing activities
Net cash provided by (used in)
   investing activities                                      0
Financing activities                                         0
                                                 -------------
Increase/decrease in cash                             (296,000)
                                                 -------------
   Cash at the beginning of Period                  12,079,000
                                                 -------------
   Cash at the end of Period                       $11,782,000
                                                 =============

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.  At March 31, 2007, the Debtors
disclosed $20,121,000 in total assets and $321,546,000 in total
liabilities.

On May 12, 2006, the Debtors filed their Joint Plan of Liquidation
with the Court.  On Sept. 14, 2006, they filed an amended Plan and
a Second Amended Plan on Oct. 13, 2006.  The Court approved the
adequacy of the Amended Disclosure Statement on Oct. 13, 2006.
The hearing to consider confirmation of the 2nd Amended Joint Plan
started on Nov. 28, 2006.

(Musicland Bankruptcy News, Issue No. 44; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


NY WESTCHESTER: Submits Operating Report for November 2007
----------------------------------------------------------
New York Westchester Square Medical Center submitted to the U.S.
Bankruptcy Court for the Southern District of New York its monthly
operating report for November 2007.

For the month ended Nov. 30, 2007, the Debtor generated total
operating revenue of $6,220,327 and deficit of revenue over
expenses of $740,252.

The Debtor's balance sheet as of Nov. 30, 2007, showed total
assets of $26,585,017, total liabilities of $47,472,064, and total
stockholders' deficit of $20,887,047.  The Debtor's November 30
balance sheet also showed strained liquidity with total current
assets of $11,619,386 available to pay total current liabilities
of $18,752,646.

Headquartered in Bronx, New York, New York Westchester Square
Medical Center -- http://www.nywsmc.org/-- is a not-for-profit,
community acute care hospital and certified stroke center that has
served a working class population in the Bronx community since
1929.  Its primary facility, located at 2475 St. Raymond Avenue,
Bronx, New York 10461, houses 205 beds and provides acute adult
medical and surgical care, emergency medicine and ambulatory
services.  NYWSMC is a membership corporation whose members are
selected by the New York-Presbyterian Healthcare System, Inc.

The company filed for chapter 11 protection on Dec. 19, 2006
(Bankr. S.D.N.Y. Case No. 06-13050).  Burton S. Weston, Esq., at
Garfunkel, Wild & Travis, P.C., represents the Debtor.   Louis A.
Scarcella, Esq., and Robert C. Yan, Esq., at Farrell Fritz PC,
represent the Official Committee Of Unsecured Creditors.  The
Debtor's schedules showed total assets of $49,283,477 and total
debts of $35,502,088.


PERFORMANCE TRANS: Files Schedules of Assets and Liabilities
------------------------------------------------------------
Performance Transportation Services Inc. submitted to the U.S.
Bankruptcy Court for the Western District of New York its
schedules of assets and liabilities, disclosing:

A.     Real Property                                         $0

B.     Personal Property
B.1    Cash on hand                                           0
B.2    Bank Accounts
          Cash - Sweep                                1,098,286
B.3    Security Deposit
          Miscellaneous Special Deposits              1,846,535
          Restricted Cash                             3,506,385
B.4    Household goods                                        0
B.5    Book, artwork and collectibles                         0
B.6    Wearing apparel                                        0
B.7    Furs and jewelry                                       0
B.8    Firearms and other equipment                           0
B.9    Insurance Policies                                     0
B.10   Annuities                                              0
B.11   Interests in an education IRA                          0
B.12   Interests in pension plans                             0
B.13   Stock and Interests                              unknown
B.14   Interests in partnerships & joint venture              0
B.15   Government and corporate bonds                         0
B.16   Accounts Receivable
          Accounts Receivable - Other                   138,323
B.17   Alimony                                                0
B.18   Other Liquidated Debts Owing Debtor                    0
B.19   Equitable or future interests                          0
B.20   Interests in estate death benefit plan                 0
B.21   Other Contingent and Unliquidated Claims               0
B.22   Patents                                                0
B.23   Licenses, franchises & other intangibles               0
B.24   Customer lists or other compilations                   0
B.25   Vehicles                                               0
          Trucks and Trailers                         1,726,122
          Accumulated Depreciation                     (224,342)
B.26   Boats, motors and accessories                          0
B.27   Aircraft and accessories                               0
B.28   Office Equipment                                       0
          Other Equipment (Office, computer,
             service cars, leasehold improvements)      527,982
          Accumulated Depreciation                      (55,246)
B.29   Equipment and Supplies for Business                    0
B.30   Inventory                                              0
B.31   Animals                                                0
B.32   Crops                                                  0
B.33   Farming equipment and implements                       0
B.34   Farm supplies, chemicals and feed                      0
B.35   Other Personal Property                                0
          WIP                                         1,010,884
          Prepaid                                     2,958,244

       TOTAL SCHEDULED ASSETS                       $12,533,174
       =========================================================

C.     Property Claimed as Exempt                            $0

D.     Creditors Holding Secured Claims
          Black Diamond Commercial Finance LLC       67,197,616
          Wells Fargo National Association           35,774,315
          Great American Leasing Corporation            unknown
          US Bancorp                                    unknown

E.     Creditors Holding Unsecured Priority Claims
          City of Newark                                  1,200
          City of San Jose                                2,144
          Employees -Accrued Health, Welfare & Pension   17,397
          Employees -Accrued Vacation and Sick           42,382
          Employees -Accrued Wages                       86,667

F.     Creditors Holding Unsecured Non-priority Claims
          Broadspire                                    697,912
          Corporate Lodging -PTS Account                158,097
          Kirkland and Ellis LLP                        139,508
          The Yucaipa Companies, LLC                    125,000
          NOCO Energy Corp.                              97,864
          CSR Construction Corp.                         85,000
          BDO Seidman, LLP                               72,806
          T-Check                                        61,218
          BMC Group                                      51,775
          Lucky Lady Oil                                 47,992
          Pinnacle                                       45,080
          General Motors of Canada Limited               38,000
          Gallagher Bassettservices                      37,039
          Skadden Arps Slate meagher & Flom LLP          21,739
          Ohio Treasurer of State                        17,272
          Ford Motor Land                                14,393
          Nat'l Automobile Transporters Labor Division   14,168
          Latham & Watkins LLP                           14,082
          ADP, Inc. 10MU                                 13,836
          Accountemps                                    13,534
          Rastall Oil                                    12,967
          Office Furniture Solutions                     10,000
          Nextel Communications                           9,310
          Program Solutions Group, Inc.                   8,154
          Others                                        553,188

G.     Executory Contracts and Unexpired Leases               0

H.     Codebtors                                              0

       TOTAL SCHEDULED LIABILITIES                 $105,481,656
       =========================================================

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The Court confirmed the Debtors' plan on Dec. 21, 2006,
and that plan became effective on Jan. 29, 2007. Garry M. Graber,
Esq. of Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their retructuring efforts.  When the
Debtor filed for protection from their creditors it reported more
than $100,000,000 in total assets. It also disclosed owing more
than $100,000,000 to at most 10,000 creditors, including $708,679
to Broadspire and $282,949 to General Motors of Canada Limited.

The company and its debtor-affiliates filed their second Chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos: 07-04746
thru 07-04760).  Tobias S. Keller, Esq., at Jones Day, represents
the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ LLP, serve
as the Debtors' local counsel.  The Debtors' claims & balloting
agent is Kutzman Carson Consultants LLC.  The Debtors exclusive
period to file a plan of reorganization expires on March 18, 2008.

(Performance Bankruptcy News, Issue No. 36; Bankruptcy Creditors'
Services Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


PERFORMANCE TRANS: Hadley Files Schedules of Assets and Debts
-------------------------------------------------------------
Hadley Computer Services, a debtor-affiliate of Performance
Transportation Services Inc., submitted to the U.S. Bankruptcy
Court for the Western District of New York its schedules of assets
and liabilities, disclosing:

A.   Real Property                                            $0

B.   Personal Property
B13. Stock and Interests                                 Unknown

     TOTAL SCHEDULED ASSETS                                    0
     ===========================================================

C.   Property Claimed as Exempt                               $0

D.   Creditors Holding Secured Claims
        Black Diamond Commercial Finance LLC          67,197,616
        Wells Fargo National Association              35,774,315

E.   Creditors Holding Unsecured Priority Claims               0

F.   Creditors Holding Unsecured Non-priority Claims           0

G.   Executory Contracts and Unexpired Leases                  0

H.   Codebtors                                                 0

     TOTAL SCHEDULED LIABILITIES                    $102,971,931
     ===========================================================

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The Court confirmed the Debtors' plan on Dec. 21, 2006,
and that plan became effective on Jan. 29, 2007. Garry M. Graber,
Esq. of Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their retructuring efforts.  When the
Debtor filed for protection from their creditors it reported more
than $100,000,000 in total assets. It also disclosed owing more
than $100,000,000 to at most 10,000 creditors, including $708,679
to Broadspire and $282,949 to General Motors of Canada Limited.

The company and its debtor-affiliates filed their second Chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos: 07-04746
thru 07-04760).  Tobias S. Keller, Esq., at Jones Day, represents
the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ LLP, serve
as the Debtors' local counsel.  The Debtors' claims & balloting
agent is Kutzman Carson Consultants LLC.  The Debtors exclusive
period to file a plan of reorganization expires on March 18, 2008.

(Performance Bankruptcy News, Issue No. 36; Bankruptcy Creditors'
Services Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


PERFORMANCE TRANS: Leaseway Files Schedules of Assets and Debts
---------------------------------------------------------------
Leaseway Motorcar Transport Company LLC, a debtor-affiliate of
Performance Transportation Services Inc., submitted to the U.S.
Bankruptcy Court for the Western District of New York its
schedules of assets and liabilities, disclosing:

A.   Real Property
        Buildings                                     $1,197,012
        Land                                           2,990,000

B.   Personal Property
B.1  Cash on hand                                         79,254
B.3  Security Deposit                                    286,554
B.16 Accounts Receivable                              14,102,024
B.21 Other Contingent and Unliquidated Claims             26,477
B.25 Vehicles
        Trucks, Trailers, Upgrades, Service Vehicles   9,778,659
        Accumulated Depreciation                      (1,939,992)
B.28 Office Equipment
        Other Equipment                                2,400,046
        Accumulated Depreciation                         208,598
B.30 Inventory                                         1,038,141
B.35 Other Personal Property
        Prepaid Items                                    917,741
        Unbilled Revenue                                 650,201

     TOTAL SCHEDULED ASSETS                          $31,317,521
     ===========================================================

C.   Property Claimed as Exempt                               $0

D.   Creditors Holding Secured Claims
        Black Diamond Commercial Finance              67,197,616
        Bridgestone Firestone North American Tire LLC    unknown
        Wells Fargo National Association              35,774,315

E.   Creditors Holding Unsecured Priority Claims
        Employees -Accrued Health, Welfare and Pension   894,128
        Employees -Accrued Vacation and Sick           2,650,664
        Employees -Accrued Wages                       1,065,492
        Employees -Payroll Tax                            38,415
        Harford County Maryland                              166

F.   Creditors Holding Unsecured Non-priority Claims
        Allied Systems (Canada)                           48,407
        Fleet Charge                                      37,370
        General Motors of Canada, Ltd.                   188,591
        NJ EZ Pass Violations                             53,702
        Penske Truck -Maintenance                         72,228
        U.S. Security Associates                          38,655
        Others                                            83,397

G.   Executory Contracts and Unexpired Leases                  0

H.   Codebtors                                                 0

     TOTAL SCHEDULED LIABILITIES                    $108,143,146
     ===========================================================

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The Court confirmed the Debtors' plan on Dec. 21, 2006,
and that plan became effective on Jan. 29, 2007. Garry M. Graber,
Esq. of Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their retructuring efforts.  When the
Debtor filed for protection from their creditors it reported more
than $100,000,000 in total assets. It also disclosed owing more
than $100,000,000 to at most 10,000 creditors, including $708,679
to Broadspire and $282,949 to General Motors of Canada Limited.

The company and its debtor-affiliates filed their second Chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos: 07-04746
thru 07-04760).  Tobias S. Keller, Esq., at Jones Day, represents
the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ LLP, serve
as the Debtors' local counsel.  The Debtors' claims & balloting
agent is Kutzman Carson Consultants LLC.  The Debtors exclusive
period to file a plan of reorganization expires on March 18, 2008.

(Performance Bankruptcy News, Issue No. 36; Bankruptcy Creditors'
Services Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


PERFORMANCE TRANS: PLG Leasing Files Schedules of Assets and Debts
------------------------------------------------------------------
PLG Leasing Corp., a debtor-affiliate of Performance
Transportation Services Inc., submitted to the U.S. Bankruptcy
Court for the Western District of New York its schedules of assets
and liabilities, disclosing:

A.   Real Property                                            $0

B.   Personal Property                                         0
B.13 Stock and Interests                                 unknown
B.25 Vehicles
        Trucks and Trailers                            1,376,586
        Accumulated Depreciation                          54,498
B.28 Office Equipment                                    151,890

     TOTAL SCHEDULED ASSETS                           $1,473,978
     ===========================================================

C.   Property Claimed as Exempt                               $0

D.   Creditors Holding Secured Claims
        Black Diamond Commercial Finance LLC          67,197,616
        Wells Fargo National Association              35,774,315

E.   Creditors Holding Unsecured Priority Claims               0

F.   Creditors Holding Unsecured Non-priority Claims           0

G.   Executory Contracts and Unexpired Leases                  0

H.   Codebtors                                                 0

     TOTAL SCHEDULED LIABILITIES                    $102,971,931
     ===========================================================

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The Court confirmed the Debtors' plan on Dec. 21, 2006,
and that plan became effective on Jan. 29, 2007. Garry M. Graber,
Esq. of Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their retructuring efforts.  When the
Debtor filed for protection from their creditors it reported more
than $100,000,000 in total assets. It also disclosed owing more
than $100,000,000 to at most 10,000 creditors, including $708,679
to Broadspire and $282,949 to General Motors of Canada Limited.

The company and its debtor-affiliates filed their second Chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos: 07-04746
thru 07-04760).  Tobias S. Keller, Esq., at Jones Day, represents
the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ LLP, serve
as the Debtors' local counsel.  The Debtors' claims & balloting
agent is Kutzman Carson Consultants LLC.  The Debtors exclusive
period to file a plan of reorganization expires on March 18, 2008.

(Performance Bankruptcy News, Issue No. 36; Bankruptcy Creditors'
Services Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


REMY WORLDWIDE: Incurs $5,932,000 Net Loss in October 2007
----------------------------------------------------------
Remy Worldwide Holdings Inc. and its debtor-affiliates submitted
to the U.S. Bankruptcy Court for the District of Delaware their
monthly operating report for October 2007, disclosing:

                  Remy Worldwide Holdings, Inc.
                    Unaudited Balance Sheet
                      As of October 2007

ASSETS:
     Cash and cash equivalents                         $311,000
     Trade accounts receivables - net               119,059,000

     Other receivables
        OTHER_AR - VAT receivable                       398,000
        OTHER_AR - Customs and duties receivable        705,000
        OTHER_AR - Material at vendors                  342,000
        OTHER_AR - Tooling                                    -
        OTHER_AR - Factoring with recourse                    -
        OTHER_AR - Other non-income taxes receiv              -
        OTHER_AR - Miscellaneous                      2,654,000

     Inventories                                    129,760,000
     Deferred income tax - current assets              (397,000)
     Assets of discontinued operations                        0
     Prepaid insurance premiums                       1,163,000
     Prepaid incentives - Korea only                          -
     Prepaid tooling                                          -
     Prepaid orders                                     343,000
     Other misc. prepaids                             4,122,000
     Advances                                                 -
     Unrealized currency gains                                -
     Other current assets                             1,040,000
                                                   ------------
     TOTAL CURRENT ASSETS                           259,500,000

     Fixed assets                                   118,122,000
     Accumulated depreciation                       (73,181,000)
                                                   ------------
     Book value                                      44,940,000

     Deferred financing                              16,276,000
     Goodwill                                       101,230,000
     Investment in affiliates                       (17,869,000)
     Deferred income taxes                           (1,884,000)
     Other assets - total                            36,913,000
                                                   ------------
     TOTAL ASSETS                                  $439,107,000
                                                   ============

LIABILITIES & SHAREHOLDERS' EQUITY:
     Accounts payable                               $60,734,000
     Accrued interest payable                        42,363,000
     Accrued restructuring                            1,514,000
     Liabilities of discontinued operations             324,000
     Deferred income tax - current liability            105,000
     Accrued pension and post retirement              1,187,000
     Total other accrued liabilities                114,206,000
     Current debt                                   585,897,000
                                                   ------------
     TOTAL CURRENT LIABILITIES               [sic]  827,958,000

     Total long-term debt                           118,618,000

     Post retirement benefits                        13,697,000
     Accrued pension benefits                         3,548,000
     Non-current restructuring                                -
     Deferred income tax liability                    2,347,000
     Total other non-current liabilities             35,484,000
     Minority interest                                        -
     Redeemable preferred stock                               -

     Intercompany
        Account                                      23,802,000
        Interest                                    (36,391,000)
        Suspense                                        (10,000)
        Interest alloc & tax effect                           -
        Notes - long-term                                     -
                                                   ------------
     TOTAL LIABILITIES                              989,053,000
     SHAREHOLDERS' EQUITY                          (549,946,000)
                                                   ------------
     TOTAL LIABILITIES & SHAREHOLDERS' EQUITY      $439,107,000
                                                   ============

Remy represents that its current liabilities total $827,958,000.
The breakdown of items which comprise the Debtor's current
liabilities, however, only total $806,330,000.

                  Remy Worldwide Holdings, Inc.
                   Unaudited Income Statement
                For the month ended October 2007

Outside Sales                                       $76,183,000
Intercompany sales                                  (29,226,000)
                                                   ------------
Net sales                                            46,957,000

Material                                             25,443,000
Labor                                                 1,290,000

Overhead
     Standard overhead                               11,209,000
     Special charges                                          -
     Net warranty costs                               4,051,000
     Net allocations in overhead                       (393,000)
     Freight in overhead                              1,087,000
     Scrap                                              185,000
     Plant operations expenses                        4,362,000
     Manufacturing admin dept. expenses                 714,000
     Distribution & warehouse expenses                3,221,000
     Quality departments expenses                       549,000
     Manufacturing engineering dept. expenses           237,000
     Maintenance dept.                                   67,000
     Purchasing department                                3,000
     Global services                                          0
     Overhead absorption                            (12,823,000)
                                                   ------------
     Total Overhead                                  12,468,000
                                                   ------------
Cost of goods sold                                   39,202,000
                                                   ------------
Gross profit                                          7,756,000

Expenses:
     Selling & marketing departments                  1,196,000
     Customer service department                         52,000
     Engineering App & design dept.                     707,000
     Corporate management dept.                       2,128,000
     Financial reporting/budgeting dept.                783,000
     Human resources dept.                              158,000
     Information systems dept.                          747,000
     EH&S and ops mgt. dept.                             11,000
     Net (Gain)/Loss on currency translations            (1,000)
     Factoring or selling trade A/R Costs               730,000
     Other (income)/Expense                            (651,000)
     Non-operating expense                           (1,100,000)
     Special charges                                          -
     Corporate allocation                               (11,000)
     Net allocations (from)/to SEA                      (13,000)
                                                   ------------
     Total Selling, Engr & Admin Expense              4,736,000
                                                   ------------
     Earnings before interest and taxes               3,019,000

     Depreciation & amortization                        832,000
                                                   ------------
     Earnings before interest, taxes,
        depreciation & amortization                   3,851,000

        Interest expense                              3,401,000
        Total financing charges                         382,000
        Income taxes                                      9,000
        Minority interest                                     -
        Loss (income) from JVs                          (26,000)
                                                   ------------
Net Income                                   [sic]  ($5,932,000)
                                                   ============

Remy notes that figures in its balance sheet and income statement
are not adjusted for Fresh Start accounting treatment and do not
designate liabilities subject to compromise.

A full-text copy of Remy's October 2007 MOR is available for free
at http://ResearchArchives.com/t/s?26c4

                       About Remy Worldwide

Based in Anderson, Indiana, Remy Worldwide Holdings Inc. acts as
a holding company of all the outstanding capital stock of Remy
International Inc.  Remy International -- http://www.remyinc.com/
-- manufactures, remanufactures and distributes Delco Remy brand
heavy-duty systems and Remy brand starters and alternators,
locomotive products and hybrid power technology.  The company
also provides a worldwide component core-exchange service for
automobiles, light trucks, medium and heavy-duty trucks and
other heavy-duty, off-road and industrial applications.  Remy
has operations in the United Kingdom, Mexico and Korea, among
others.

The company and its debtor-affiliates filed for Chapter 11
protection on Oct. 8, 2007 (Bankr. D. Del. Cases No. 07-11481 to
07-11509).  Douglas P. Bartner, Esq., Fredric Sosnick, Esq., and
Michael H. Torkin, Esq., at Shearman & Sterling LLP, represent
the Debtors' in their restructuring efforts.  Pauline K. Morgan,
Esq., Edmon L. Morton, Esq., and Kenneth J. Enos, Esq., at Young
Conaway Stargatt & Taylor, LLP, serve as co-counsels to the
Debtors.  The Debtors' claims agent is Kurtzman Carson
Consultants LLC and their restructuring advisor is AlixPartners,
LLC.   Greenbert Traurig, LLP is the Debtors' special corporate
advisory and litigation counsel, and Ernst & Young LLP their
accountant, auditor and tax services provider.

The Debtors' exclusive plan filing period ended on Dec. 6, 2007.
(Remy Bankruptcy News, Issue No. 10; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).

At Sept. 30, 2006, Remy Worldwide's balance sheet showed total
assets of $919,736,000 and total liabilities of $1,265,648,000.


SOLUTIA INC: Posts $15,000,000 Net Loss in November 1-30, 2007
--------------------------------------------------------------

                   Solutia Chapter 11 Debtors
              Unaudited Statement of Consolidated
                       Financial Position
                    As of November 30, 2007

                              ASSETS

Cash                                                 $3,000,000
Trade Receivables, net                              194,000,000
Account Receivables-Unconsolidated Subsidiaries      64,000,000
Inventories                                         176,000,000
Other Current Assets                                 81,000,000
Assets of Discontinued Operations                     6,000,000
                                                 --------------
Total Current Assets                                524,000,000

Property, Plant and Equipment, net                  652,000,000
Investments in Subsidiaries and Affiliates          687,000,000
Intangible Assets, net                              106,000,000
Other Assets                                         67,000,000
                                                 --------------
Total Assets                                     $2,036,000,000
                                                 ==============

              LIABILITIES AND SHAREHOLDERS' DEFICIT

Accounts Payable                                   $217,000,000
Short Term Debt                                     943,000,000
Other Current Liabilities                           172,000,000
Liabilities of Discontinued Operations                2,000,000
                                                 --------------
Total Current Liabilities                         1,334,000,000

Long-Term Debt                                       19,000,000
Other Long-Term Liabilities                         175,000,000
                                                 --------------
Total Liabilities not Subject to Compromise       1,528,000,000

Liabilities Subject to Compromise                 1,936,000,000

Shareholders' Deficit                            (1,428,000,000)
                                                 --------------
Total Liabilities & Shareholders' Deficit        $2,036,000,000
                                                 ==============


                   Solutia Chapter 11 Debtors
         Unaudited Consolidated Statement of Operations
              For the Month Ended November 30, 2007

Total Net Sales                                    $199,000,000
Total Cost Of Goods Sold                            185,000,000
                                                 --------------
Gross Profit                                         14,000,000

Total MAT Expense                                    17,000,000
                                                 --------------
Operating Income (Loss)                              (3,000,000)

Equity Earnings from Affiliates                               0
Interest Expense, net                                (9,000,000)
Other Income, net                                     4,000,000

Reorganization Items:
Professional fees                                    (6,000,000)
Employee severance and retention costs               (1,000,000)
Adjustment to allowed claim amounts                           0
Settlements of prepetition claims                             0
                                                 --------------
                                                     (7,000,000)
                                                 --------------
Income from continuing operations before taxes      (15,000,000)

Income tax expense (benefit)                                  0

Income from discontinued operations                           0
                                                 --------------
Net Loss                                           ($15,000,000)
                                                 ==============

Headquartered in St. Louis, Missouri, Solutia Inc. (OTCBB:SOLUQ)
-- http://www.solutia.com/-- and its subsidiaries, engage in the
manufacture and sale of chemical-based materials, which are used
in consumer and industrial applications worldwide.  The company
and 15 debtor-affiliates 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
$2,854,000,000 in assets and $3,223,000,000 in debts.

Solutia is represented by Richard M. Cieri, Esq., Jonathan S.
Henes, Esq., and Michael A. Cohen, Esq., at Kirkland & Ellis LLP,
in New York, as lead bankruptcy counsel, and David A. Warfield,
Esq., and Laura Toledo, Esq., at Blackwell Sanders LLP, in St.
Louis Missouri, as special counsel.  Trumbull Group LLC is the
Debtor's claims and noticing agent.  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. The Official Committee of Retirees of Solutia, Inc., et
al., is represented by Daniel D. Doyle, Esq., Nicholas A. Franke,
Esq., and David M. Brown, Esq., at Spencer Fane Britt & Browne,
LLP, in St. Louis, Missouri, and Frank M. Young, Esq., Thomas E.
Reynolds, Esq., R. Scott Williams, Esq., at Haskell Slaughter
Young & Rediker, LLC, in Birmingham, Alabama.

On Feb. 14, 2006, the Debtors filed their Reorganization Plan &
Disclosure Statement.  On May 15, 2007, they filed an Amended
Reorganization Plan and on July 9, 2007, filed a 2nd Amended
Reorganization Plan.  The Bankruptcy Court approved the Debtors'
amended Disclosure Statement on Oct. 19, 2007.  On Oct. 22, 2007,
the Debtor re-filed a Consensual Plan & Disclosure Statement and
on November 29, the Court confirmed the Debtors' Consensual Plan.
(Solutia Bankruptcy News, Issue No. 112; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).

                          *     *     *

As reported in the Troubled Company Reporter on Dec. 10, 2007,
Standard & Poor's Ratings Services assigned its 'B+' loan rating
to Solutia Inc.'s (D/--/--) proposed $1.2 billion senior secured
term loan and a '3' recovery rating, indicating the likelihood of
a meaningful (50%-70%) recovery of principal in the event of a
payment default.  The ratings are based on preliminary terms and
conditions.

S&P also assigned its 'B-' rating to the company's proposed
$400 million unsecured notes.

                             *********

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for bond issues that reportedly trade well below par.  Prices are
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For copies of court documents filed in the District of Delaware,
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                             *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Marie Therese V. Profetana, Shimero R. Jainga, Ronald C. Sy,
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Melanie C. Pador, Ludivino Q. Climaco, Jr., Loyda I. Nartatez,
Tara Marie A. Martin, Joseph Medel C. Martirez, and Peter A.
Chapman, Editors.

Copyright 2008.  All rights reserved.  ISSN: 1520-9474.

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