T R O U B L E D C O M P A N Y R E P O R T E R
Saturday, March 1, 2008, Vol. 12, No. 52
Headlines
ACCEPTANCE INSURANCE: Incurs $27,965 Net Loss in December 2007
ACCEPTANCE INSURANCE: Earns $624,338 in Month Ended January 2008
AMERICAN LAFRANCE: Files Initial Monthly Operating Report
ASARCO LLC: Files January 2008 Monthly Operating Report
CATHOLIC CHURCH: Davenport Files January 2008 Operating Report
FORTUNOFF: Submits Schedules of Assets and Liabilities
FORTUNOFF: Source Financing Files Schedules of Assets and Debts
FORTUNOFF: Westbury Unit Files Schedules of Assets & Debts
INTERSTATE BAKERIES: Posts $20MM Net Loss for Month Ended Jan. 12
JOHNSON RUBBER: Posts January 2008 Monthly Net Loss of $449,139
LEVITT AND SONS: Delivers Operating Report for January 2008
LEVITZ FURNITURE: Reports $3.9MM Net Loss For Month Ended Feb. 3
LTV CORP: Files January 2008 Monthly Operating Report
NETBANK INC: Files January 2008 Monthly Operating Report
NEUMANN HOMES: Files January 2008 Monthly Operating Report
POPE & TALBOT: Amends Global Notes on Schedules and Statements
POPE & TALBOT: Amends Personal Property & Unsecured Debt Schedules
POPE & TALBOT: P&T Ltd. Amends Schedules of Assets and Debts
POPE & TALBOT: Spearfish Amends Schedules of Assets and Debts
POPE & TALBOT: Lumber Sales Amends Schedules of Assets and Debts
SCO GROUP: Incurs $2,817,756 Loss for Month Ended Jan. 31, 2008
TOUSA INC: TOUSA Homes Files Schedules of Assets and Liabilities
TOUSA INC: West Holdings Files Schedules of Assets and Liabilities
TOUSA INC: Four Affiliates File Schedules of Assets and Debts
TOUSA INC: 31 Affiliates File Schedules of Assets and Debts
*********
ACCEPTANCE INSURANCE: Incurs $27,965 Net Loss in December 2007
--------------------------------------------------------------
Acceptance Insurance Companies Inc. filed its monthly operating
report for December 2008 with the United States Bankruptcy Court
for the District of Nebraska on Dec. 31, 2007.
The Debtor reported a net loss of $27,965 and revenue of
$4,447 for the month ended Dec. 31, 2007.
At Dec. 31, 2007, Acceptance Insurance Companies Inc.'s balance
sheet showed:
Total Current Assets $1,296,871
Total Assets $36,236,172
Total Liabilities $138,187,943
Total Shareholders' Deficit $101,951,771
A full-text copy of Acceptance Insurance Companies Inc.'s October
2007 Monthly Operating Report is available at no charge at:
http://researcharchives.com/t/s?285e
Headquartered in Council Bluffs, Iowa, Acceptance Insurance
Companies, Inc.-- http://www.aicins.com/--owns, either directly
or indirectly, several companies, one of which is an insurance
company that accounts for substantially all of the business
operations and assets of the corporate groups.
The company filed for chapter 11 protection on Jan. 7, 2005
(Bankr. D. Nebr. Case No. 05-80059). The Debtor's affiliates--
Acceptance Insurance Services, Inc. and American Agrisurance, Inc.
-- each filed chapter 7 petitions (Bankr. D. Nebr. Case Nos.
05-80056 and 05-80058) on Jan. 7, 2005. John J. Jolley, Esq.,
at Kutak Rock LLP, represents the Debtor in its restructuring
efforts. Lawyers at McGrath North Mullin & Kratz PC LLO.
represent the the Official Committee of Unsecured Creditors in
Acceptance Insurance's case. As of December 2007, the Debtor
listed $36,326,172 in total assets and $138,187,943 in total
debts.
ACCEPTANCE INSURANCE: Earns $624,338 in Month Ended January 2008
----------------------------------------------------------------
Acceptance Insurance Companies Inc. filed its monthly operating
report for January 2008 with the United States Bankruptcy Court
for the District of Nebraska on Jan. 31, 2008.
The Debtor reported a net income of $624,338 and revenue of
$3,941 for the month ended Jan. 31, 2008. The company generated
$476,849 equity in operating earnings of A.I.C. during the month
of January 2008, which boosted its income.
At Jan. 31, 2008, Acceptance Insurance Companies Inc.'s balance
sheet showed:
Total Current Assets $1,257,981
Total Assets $36,854,531
Total Liabilities $138,181,963
Total Shareholders' Deficit $101,327,432
A full-text copy of Acceptance Insurance Companies Inc.'s October
2007 Monthly Operating Report is available at no charge at:
http://researcharchives.com/t/s?285e
Headquartered in Council Bluffs, Iowa, Acceptance Insurance
Companies, Inc.-- http://www.aicins.com/--owns, either directly
or indirectly, several companies, one of which is an insurance
company that accounts for substantially all of the business
operations and assets of the corporate groups.
The company filed for chapter 11 protection on Jan. 7, 2005
(Bankr. D. Nebr. Case No. 05-80059). The Debtor's affiliates--
Acceptance Insurance Services, Inc. and American Agrisurance, Inc.
-- each filed chapter 7 petitions (Bankr. D. Nebr. Case Nos.
05-80056 and 05-80058) on Jan. 7, 2005. John J. Jolley, Esq.,
at Kutak Rock LLP, represents the Debtor in its restructuring
efforts. Lawyers at McGrath North Mullin & Kratz PC LLO.
represent the the Official Committee of Unsecured Creditors in
Acceptance Insurance's case. As of December 2007, Debtor listed
$36,326,172 in total assets and $138,187,943 in total debts.
AMERICAN LAFRANCE: Files Initial Monthly Operating Report
---------------------------------------------------------
American LaFrance, LLC filed an initial monthly operating report
on Feb. 19, 2008, containing an operating forecast for the
13-week period ending April 25, 2008.
William Hinz, chief executive officer of American LaFrance,
reports that the company expects to have a negative total net
cash flow of $52,939,582 for the entire 13-week period. The
company expects to borrow up to $49,939,582 for the same period.
The company also expects to incur reorganization costs totaling
$25,092,991 for the 13-week period commencing on February 1,
2008.
American LaFrance attached to its Initial Monthly Report copies
of its active insurance certificates and evidence of its debtor-
in-possession bank accounts.
A full-text copy of American LaFrance's initial Monthly Operating
Report is available for free at:
http://ResearchArchives.com/t/s?28a1
About American LaFrance
Headquartered in Summerville, South Carolina, American LaFrance
LLC -- http://www.americanlafrance.com/-- is one of the oldest
fire apparatus manufacturers and one of the top six suppliers of
emergency vehicles in North America. The company filed for
Chapter 11 protection on Jan. 28, 2008 (Bankr. D. Del. Case No.
08-10178). Ian T. Peck, Esq., and Abigail W. Ottmers, Esq., at
Haynes and Boone LLP, are the Debtor's proposed Lead Counsel.
Christopher A. Ward, Esq., at Klehr, Harrison, Harvey, Branzburg &
Ellers LLP, are the Debtor's proposed local counsel. In its
schedules of assets and debts filed Feb. 4, 2008, the Debtor
disclosed $188,990,680 in total assets and $89,065,038 in total
debts.
The Debtor's exclusive period to file a plan expires on May 27,
2008.
American LaFrance LLC will pursue a sale of its business
operations in the event that the company's plan of reorganization
is not confirmed. The Debtor filed its plan of reorganization on
Feb. 3.
(American LaFrance Bankruptcy News, Issue No. 6; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).
ASARCO LLC: Files January 2008 Monthly Operating Report
-------------------------------------------------------
ASARCO LLC, et al.
Balance Sheet
As of January 31, 2008
ASSETS
Current Assets:
Cash $907,971,000
Restricted Cash 25,368,000
Accounts receivable, net 173,716,000
Inventory 305,512,000
Prepaid expenses 5,687,000
Other current assets 14,511,000
---------------
Total Current Assets 1,432,764,000
Net property, plant and equipment 469,642,000
Other Assets
Investments in subs 101,854,000
Advances to affiliates 733,000
Prepaid pension & retirement plan 0
Non-current deferred tax asset 40,951,000
Other 116,753,000
---------------
Total assets $2,162,698,000
===============
LIABILITIES
Postpetition liabilities:
Accounts payable $52,803,000
Accrued liabilities 584,788,000
Debtor-in-possession financing 0
---------------
Total postpetition liabilities 637,591,000
Prepetition liabilities:
Not subject to compromise - credit 3,824,000
Not subject to compromise - other 131,781,000
Advances from affiliates 24,535,000
Subject to compromise 1,681,644,000
---------------
Total prepetition liabilities 1,841,783,000
---------------
Total liabilities $2,479,374,000
===============
OWNERS' EQUITY (DEFICIT)
Common stock 508,324,000
Additional paid-in capital 104,578,000
Other comprehensive income (262,800,000)
Retained earnings: filing date (1,557,131,000
---------------
Total prepetition owners' equity (1,207,029,000)
Retained earnings: post-filing date 890,353,000
---------------
Total owners' equity (net worth) (316,676,000)
Total liabilities and owners' equity $2,162,698,000
===============
ASARCO LLC, et al.
Consolidated Statement of Operations
Month Ended January 31, 2008
Sales $194,833,000
Cost of products and services 145,616,000
---------------
Gross profit 49,217,000
Operating expenses:
Selling and general & admin expenses 3,912,000
Depreciation & amortization 3,127,000
Provision accretion expense of asset
retirement obligation 384,000
---------------
Operating income 41,794,000
Interest expense 33,000
Interest income (3,326,000)
Reorganization expenses 7,716,000
Other miscellaneous (income) expenses (5,278,000)
---------------
Income (loss) before taxes 42,650,000
Income taxes 16,740,000
---------------
Net income (loss) $25,910,000
===============
ASARCO LLC, et al.
Consolidated Cash Receipts & Disbursements
Month Ended January 31, 2008
Receipts $160,362,000
Disbursements:
Inventory material 74,117,000
Operating disbursements 75,503,000
Capital expenditures 4,533,000
---------------
Total disbursements 154,153,000
Operating cash flow 6,209,000
Reorganization disbursements 5,554,000
---------------
Net cash flow 656,000
Net payments to secured Lenders 0
---------------
Net change in cash 656,000
Beginning cash balance 932,683,000
---------------
Ending cash balances $933,338,000
===============
About ASARCO
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 Court gave the Debtors until April 11, 2008, to file a plan of
reorganization. (ASARCO Bankruptcy News, Issue No. 67; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).
CATHOLIC CHURCH: Davenport Files January 2008 Operating Report
--------------------------------------------------------------
Diocese of Davenport in Iowa
Statement of Financial Position
As of January 31, 2008
ASSETS
Current Assets
Cash and cash equivalents - unrestricted $5,643,578
Cash and cash equivalents - restricted 2,529,911
Accounts receivable, net 64,235
Inventory -
Prepaid expenses 2,649
Professional retainers 55,652
--------------
Total Current Assets 8,296,024
--------------
Property and Equipment
Real Property 3,000
Machinery and equipment 6,000
Furniture and fixtures 8,914
Office equipment 59,500
Leasehold improvements -
Vehicles 45,460
--------------
Total Property and Equipment 122,874
--------------
Total Assets $8,418,898
==============
LIABILITIES AND NET ASSETS
Postpetition
Current Liabilities:
Salaries and wages -
Payroll taxes -
Real and personal property taxes -
Income taxes -
Sales taxes -
Notes payable, short term -
Accounts payable, trade $22,515
Real property lease arrearage -
Personal property lease arrearage -
Accrued professional fees -
Current portion of long-term debt -
other: -
Pass-through collections 108,660
Additional Accrued Vacations 5,574
Misc 300
--------------
Total Current Liabilities 137,050
--------------
Long-Term Postpetition Debt, Net -
--------------
Total Postpetition Liabilities 137,050
--------------
Prepetition
Secured claims -
Priority unsecured claims 160,888
General unsecured claims 13,605,000
--------------
Total Prepetition Liabilities 13,765,888
--------------
Total Liabilities 13,902,938
--------------
Equity (deficit):
Retained earnings/(deficit) at filing 5,855,424
Capital stock -
Additional paid-in capital -
Cumulative profit/loss since filing (11,366,225)
Post-petition contributions/distributions
or draws -
Market value adjustment 26,762
--------------
Total equity (deficit) (5,484,040)
--------------
Total liabilities & equity (deficit) $8,418,898
==============
Diocese of Davenport in Iowa
Statement of Operations
For the month ending January 31, 2008
Revenues
Gross sales $91
Less: sales returns & allowances -
Net sales 91
Less: cost of goods sold -
Gross profit 91
Interest 3,721
Other income: 359,418
Charitable gifts 174,110
Insurance receipts -
Investment income (loss)/fees (45,279)
--------------
Total revenues 492,061
--------------
Expenses:
Compensation to owner(s)/officer(s) 12,209
Salaries 106,442
Commissions -
Contract labor 5,356
Rent/Lease:
Personal property 100
Real property -
Insurance 47,477
Management fees -
Depreciation 2,105
Taxes:
Employer payroll taxes 6,702
Real property taxes -
Other taxes -
Other selling -
Other administrative 29,393
Interest -
Other expenses:
Employee benefits 26,163
Charity collection 2,791
Medical assistance/Victim assistance 389
Utilities 12,398
Transfer to unrestricted -
Professional fees -
Sabbatical -
Cemetery perpetual care -
Youth trip expenses -
--------------
Total expenses 251,525
--------------
Reorganization items:
Professional fees -
Estimate of claims payments -
Interest earned on accumulated cash
from resulting Chapter 11 case 18,798
Gain or (Loss) from sale of equipment -
U.S. Trustee quarterly fees (5,000)
Advertising/printing/mailing -
--------------
Total reorganization items 13,798
--------------
Net profit (loss) before federal &
state taxes 254,333
Federal & state income taxes -
--------------
Net profit (loss) $254,333
==============
Diocese of Davenport in Iowa
Statement of Cash Receipts and Disbursements
For the month ending January 31, 2008
Cash receipts
Rent/Leases collected $2,700
Cash received from sales 91
Interest received 22,519
Borrowings increase in accounts payable -
Funds from shareholders, partners,
or other insiders (Sale of property) -
Capital contributions -
Annual diocesan appeal/donations 359,418
Investment income/misc. -
Insurance receipts 174,110
Tribunal/Immigration/Faith Formation fees/
Investment gains/(losses) (47,979)
Decrease in prepaids/accounts receivable 56,364
Misc./Increase in accounts payable 38,893
--------------
Total Cash Receipts 606,116
Cash disbursements:
Payments for inventory -
Selling -
Administrative 42,170
Capital expenditures -
Principal payments on debt -
Interest paid -
Rent/Lease:
Personal Property 100
Real Property -
Amount paid to owner(s)/officer(s)
Salaries 12,209
Draws -
Commissions/Royalties -
Expense Reimbursements 370
Other -
Salaries/Commissions (less employee withholding 82,646
Management fees -
Taxes
Employee withholding 23,796
Employer payroll taxes 6,702
Real property taxes -
Other taxes -
Other cash outflows:
Insurance 47,477
Utilities 12,398
Medical Assistance 389
Employee benefits 26,163
Misc -
--------------
Total Cash Disbursements 254,420
--------------
Net increase (decrease) in cash 351,696
Cash balance, beginning of period 1,766,712
--------------
Cash balance, end of period $2,118,408
==============
About Diocese of Davenport
The Diocese of Davenport in Iowa filed for chapter 11 protection
(Bankr. S.D. Ia. Case No. 06-02229) on Oct. 10, 2006. Richard A.
Davidson, Esq., at Lane & Waterman LLP, represents the Davenport
Diocese in its restructuring efforts. Hamid R. Rafatjoo, Esq.,
and Gillian M. Brown, Esq., at Pachulski Stang Zhiel Young Jones &
Weintraub LLP represent the Official Committee of Unsecured
Creditors. In its schedules of assets and liabilities, the
Davenport Diocese reported $4,492,809 in assets and $1,650,439 in
liabilities. The Court will hear the adequacy of Davenport's
disclosure statement explaining its reorganization plan on
March 5, 2008. (Catholic Church Bankruptcy News, Issue No. 115;
Bankruptcy Creditors' Service Inc.; http://bankrupt.com/newsstand/
or 215/945-7000).
FORTUNOFF: Submits Schedules of Assets and Liabilities
------------------------------------------------------
Fortunoff Fine Jewelry and Silverware LLC 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.2 Financial Accounts
Bank of America - operating acct. 380,688
Bank of America - payroll acct. 400,703
B.16 Accounts Receivable
American Express 1,306,047
Alliance Data 1,241,762
Master Visa 1,175,414
Co-Brand Visa 142,550
Master Visa Paytech 90,529
Discover 79,234
B.22 Intellectual Property Undetermined
B.35 Other Personal Property
Credit Memo
Nautica Watches 9,131
Sh Harris 7,950
Siman-Tov Bros. Import C 4,443
Sunstone, Inc. 3,642
Tasaki U.S.A., Inc. 2,659
Tecnigold 15,497
Timex Corp 4,064
Tommy Hilfiger 8,665
Toy Watch U.S.A. 5,280
Tri-Gem Industries 1,600
Visconti 1,230
Gem Sensations, Inc. 6,125
Geneva Watch Co., Inc. 5,020
Golan - Goldex 21,289
Gold Couture Designer Je 5,031
Hong Kong Jade 15,302
Byworth 44,000
Dehago 14,585
Elini Designs, Corp. 10,839
Others 49,036
TOTAL SCHEDULED ASSETS $5,052,315
========================================================
C. Property Claimed as Exempt None
D. Secured Claims
Bank of America $90,000,000
Trimaran 12,750,000
M. Fortunoff of Westbury, Corp. 1,760,000
M&T Credit Corp. 1,100,000
KG Source Debt Investors 250,000
E. Unsecured Priority Claims 0
F. Unsecured Nonpriority Claims
F.1 Trade payables, Insurance, & Utilities
William Levine, Inc. 569,229
Waldman Diamonds Complet 581,552
The Plaza Group 201,304
Suresh 210,570
Sunny Creations 236,145
Star Asia, Inc. 529,769
Somerset 480,542
Seville Watch Corp. 246,530
Royal Claim, Inc. 424,318
Rama Manuf. Co. Inc. 540,471
Rado Watch Co. 255,445
Quality Color Design, Inc. 254,222
Podicko Diamonds 221,786
O.J.M. 236,992
Nelson 246,515
Movado Watch Corp. 413,830
Monte Carlo Designs 321,230
Michele Watches 215,177
Michael Werdiger 347,479
Martin Flyer, Inc. 669,630
M.C.R. Trading Co. 570,892
Lorenzo 295,049
Lazare Kaplan 339,748
Kama 810,866
J.R. Gold Designs, Ltd. 231,146
I.B. Goodman Co., Inc. 280,091
Heuer-Time & Elect Corp. 535,410
Goldmart 369,580
Ebel USA, Inc. 328,676
Disons Gems, Inc. 593,137
Christopher Designs, Inc. 312,353
Breitling USA, Inc. 340,203
Baume & Mercier 456,662
Armin Meizlik Diamonds 368,141
Others 17,729,258
F.2 Litigation Undetermined
F.3 Surety Bonds 3,000
TOTAL SCHEDULED LIABILITIES $136,626,948
========================================================
A complete list of Fine Jewelry's creditors holding unsecured
nonpriority claims is available at
http://bankrupt.com/misc/UnsecuredCreditorsFortunoff.pdf
About Fortunoff
New York-based Fortunoff Fine Jewelry and Silverware LLC --
http://www.fortunoff.com/-- is a family owned business since
1922 founded by by Max and Clara Fortunoff. Fortunoff offers
customers fine jewelry and watches, antique jewelry and silver,
everything for the table, fine gifts, home furnishings including
bedroom and bath, fireplace furnishings, housewares, and seasonal
shops including outdoor furniture shop in summer and enchanting
Christmas Store in the winter. It opened some 20 satellite
stores in the New Jersey, Long Island, Connecticut and
Pennsylvania markets featuring outdoor furniture and grills
during the Spring/Summer season and indoor furniture (and in some
locations Christmas trees and decor) in the Fall/Winter season.
Fortunoff and two affiliates, M. Fortunoff of Westbury LLC and
Source Financing Corp., filed for chapter 11 petition on Feb. 4,
2008 (Bankr. S.D.N.Y. Case Nos. 08-10353 through 08-10355) in
order to effectuate a sale to NRDC Equity Partners LLC, --
http://www.nrdcequity.com/-- a private equity firm that owns
of Lord & Taylor from Federated Department Stores.
Due to the U.S. Trustee's objection, Fortunoff is backing out of
its request to employ Skadden Arps Meagher & Flom LLC, as
bankruptcy counsel. Fortunoff is hiring Togut Segal & Segal LLP,
as their general bankruptcy counsel, but Skadden Arps will
continue to serve the Debtors as special counsel in connection
with the sale the Debtors' assets. Logan & Company, Inc., serves
as the Debtors' claims, noticing, and balloting agent. FTI
Consulting Inc. are the Debtors' proposed crisis manager.
An Official Committee of Unsecured Creditors has been appointed in
this case.
When the Debtors filed for bankruptcy, they listed assets and
debts between $100 million to $500 million. The Debtors'
exclusive period to file a plan of reorganization ends on June 3,
2008. (Fortunoff Bankruptcy News, Issue No. 6; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000)
FORTUNOFF: Source Financing Files Schedules of Assets and Debts
---------------------------------------------------------------
Source Financing Corp., a debtor-affiliate of Fortunoff Fine
Jewelry and Silverware LLC, 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
70 Charles Linbergh Store 100
1300 Old Country Store 2,000
70 Charles Linbergh Store 1,630
3321 Brunswick Store 1,000
3 West Store 25,306
150 Route Store 6,782
Paramus Park Mall 47,015
250 Wayne Towne Center 128,970
1300 Old Country Store 293,787
1 Maple Store 87,849
Woddridge Town Center 45,979
750 Zeckendorf Store 2,800
B.3 Security Deposits
ADT Security Service 8365 1,147
ADT Security Service Inc. 2,663
AIG 4,843
Allen Systems Group, Inc. 1,317
Attunity 750
Careerbuilder, LLC. 5,625
Careerbuilder, LLC. 4,213
Careerbuilder, LLC. 12,640
Dell Equipment Lease 30,406
El-Kam Equipment Realty Co. 325,000
Embaracedero Technologies Inc. 5,464
Federal Insurance Co. 142,893
FTI Consulting 450,000
Hudd Distribution Service 95,331
Imprest Dental Plan 28,000
Inland Mid Atlantic Management 20,427
Jordache 19,704
Kronos 7,885
Liebert Global Services 2,103
Liezell Associates 12,000
Locust Grove Plaza LLC 15,000
Logan & Company, Inc. 25,000
Marsh USA 134,750
New Plan Excel Realty Trust 25,000
Now Solutions 6,667
Numara Software, Inc. 3,193
Progressive Casualty Insurance 10,000
Rubenstein Public Relations 25,000
Skadden, Arps, Slate, Meagher & Flom LLP 1,203,117
Surf Control, Inc. 1,863
T.M. Bier Associates, Inc. 709
T.M. Bier Associates, Inc. 709
Tanurb Marlton LP 25,000
The Ergonomic Group 10,559
US Postmaster 2,049
US Postmaster 1,358
US Postmaster 167,310
US Postmaster 4,488
US Postmaster 3,061
US Postmaster 2,989
WRD Melville LLC 82,420
B.5 Collectibles Undetermined
B.9 Interests in Insurance Policies Undetermined
B.16 Accounts Receivable $717,302
B.18 Other Liquidated Debts
NYS Corporation Tax 5,512
State of New Jersey 111,966
B.22 Intellectual Property
All intellectual property
information is listed on Schedules of
Assets and Liabilities for Fortunoff
Fine Jewelry and Silverware, LLC.
B.23 Licenses, franchises and
other general intangibles Undetermined
B.28 Office equipment, furnishings and supplies
Store Fixtures -- 57th St. 242,744
Demo/construction - Melville 115,577
Slat wall units & cubes 282,939
for Christmas mdse.
Opening Balance 417,822
Opening Balance 341,951
Opening Balance 356,308
Locks for coat cables in 4W's 1,068,666
Opening Balance 669,188
Opening Balance 104,951
Opening Balance 2,433,071
Slat wall units & cubes
for Christmas mdse. 187,617
Opening Balance 480,364
Opening Balance 284,674
Opening Balance 12,136,027
Opening Balance 276,019
Others 751,783
B.29 Machinery
Equipment 1,214,302
Equipment- Opening Balance 2,096,598
Equipment - Opening Balance 244,515
Equipment - Opening Balance 116,507
Equipment - Opening Balance 124,714
Equipment - Opening Balance 221,899
Equipment - Opening Balance 436,401
Equipment - Opening Balance 816,571
Equipment - Opening Balance 326,944
Equipment - Opening Balance 247,826
Leasehold Equipments 894,045
Leasehold Equipments 505,405
Leasehold Equipments &nbs