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 29, 2008, Vol. 12, No. 75

                             Headlines



AEGIS MORTGAGE: Incurs $8,523,876 Net Loss in January 2008
AMERICAN LAFRANCE: Delivers Initial February 2008 Operating Report
ASARCO LLC: Earns $23,099,000 in Month Ended February 29
BLUE WATER: Discloses $85,049,531 in Total Scheduled Assets
DELTA FINANCIAL: Files Operating Report for February 2008

DUNMORE HOMES: Posts February 2008 Net Loss of $905,976
FEDDERS CORPORATION: Files January 2008 Monthly Operating Report
KUSHNER-LOCKE: Files October 2007 Monthly Operating Report
KUSHNER-LOCKE: Files November 2007 Monthly Operating Report
KUSHNER-LOCKE: Files December 2007 Monthly Operating Report

KUSHNER-LOCKE: Files January 2008 Monthly Operating Report
LEVITT AND SONS: Amends December 2007 Operating Report
LEVITT AND SONS: Amends January 2008 Operating Report
LEVITT AND SONS: Amends February 2008 Operating Report
NETBANK INC: Files Monthly Operating Report for February 2008

NEUMANN HOMES: Submits February 2008 Monthly Operating Report
NEW CENTURY: Incurs $7,401,935 Net Loss in Month Ended Jan. 31
SIRVA INC: Files Schedules of Assets and Liabilities
SIRVA INC: DJK Residential Files Schedules of Assets and Debts
TOUSA INC: Posts $7,967,000 Net Loss in Month Ended February 29

TOUSA INC: Amends Schedules to Disclose $55,000 in Receivables
TOUSA INC: Tousa Homes Files Amended Schedules of Assets & Debts
TOUSA INC: Three Affiliates File Amended Schedules
TOUSA INC: Eight Affiliates File Amended Schedules
TOUSA INC: Engle Homes Amends Statement of Financial Affairs

VESTA INSURANCE: Florida Select Files February 2008 Report



                             *********

AEGIS MORTGAGE: Incurs $8,523,876 Net Loss in January 2008
----------------------------------------------------------

                Aegis Mortgage Corporation, et al.
                    Consolidated Balance Sheet
                      As of January 31, 2008

                              Assets

Unrestricted Cash & Equivalents                     $27,513,074
Restricted Cash and Equivalents                      20,072,658
                                                 --------------
  Total Cash and Cash Equivalents                    47,585,732


Prime loans                                           3,875,396
Nonconforming Loans                                   2,245,726
Loan Premium (Discount), net                          2,169,645
Repurchased Loans                                     6,332,084
Loan Loss Reserve                                             -
                                                 --------------
  Mortgage Loans Held for Sale                       14,622,851


ABS Nonconforming                                 3,378,791,916
ABS Loan Premium (Discount), net                    (19,062,130)
ABS Loan Loss Reserve                              (196,549,140)
                                                 --------------
  Mortgage Loans Held for Investment              3,163,180,646

Accrued Interest - Loans Held for Sale                        -
Accrued Int. - Loans Held for Investment             23,684,113
                                                 --------------
Accrued Interest Receivable                          23,684,113

Mortgage Servicing Rights                                     -
Property and Equipment, net                             953,666
Deferred Income Taxes                                77,612,197
Goodwill                                                      -
Prepaid Rent and Deposits                               514,796
Derivative Assets                                   (20,491,867)
Receivable for Advances                              41,828,549
Servicer Related                                        298,752
Other Assets                                        640,429,922
Intercompany Receivable                                       0
                                                 --------------
TOTAL ASSETS                                     $3,990,219,357
                                                 ==============

                Liabilities & Shareholder's Equity

N/P Warehouse - Prime                              $540,186,233
N/p Warehouse - Nonconforming                        25,222,476
N/P Warehouse - Other                                18,970,212
N/P Warehouse - Repurchased                          11,933,754
                                                 --------------
Revolving Warehouse and                             596,312,674
  Repurchase Facilities

Bonds Payable                                     3,269,599,330
NAS IO Bonds Payable                                          -
NIM Bonds Payable                                    52,989,614
Bond Premium (Discount), net                        (22,590,158)
                                                 --------------
  Bond Financing on Mortgage
  Loans Held for Investment                       3,299,998,786

  Subordinated Debt                                 177,156,872
  Accrued Interest Payable                            6,727,958
  Accounts Payable and                               83,141,881
   Accrued Expenses
  Notes Payable-Other                                         -
                                                 --------------
Total Liabilities                                 4,163,338,171

Common Stock                                             97,386
Preferred Stock                                         104,000
Other Comprehensive Income                                    -
Paid in Capital                                      56,850,415
NR Related to Common Stock                           (5,890,925)
Distributions                                                 -
Treasury Stock                                                -
Dividends                                               (39,000)
Retained Earnings                                  (215,716,814)
Current Net Income Prepetition                                -
Current Net Income                                   (8,523,876)
                                                 --------------
Total Equity                                       (173,118,814)
                                                 --------------
TOTAL LIABILITIES & EQUITY                       $3,990,219,357
                                                 ==============

                 Aegis Mortgage Corporation, et al.
                   Consolidated Income Statement
                      January 1 to 31, 2008

Loans Held for
Sale
  Interest Income                                       $16,696
  Interest Expense                                            -
  Servicing Expense                                           -
                                                 --------------
  Net Interest Income                                    16,696

Loans Held for Investment
  Interest Income                                    25,427,419
  Interest Expense                                  (15,866,756)
  Servicing Expense                                  (1,462,784)
                                                 --------------
  Net Interest Income                                 8,097,879

Gains on Sale                                                 -
Premiums Paid                                                 -
Loan Points                                                   -
Loan Origination Fees                                         -
Broker Fees Received                                          -
                                                 --------------
  Production Income                                           -

Servicing and Prepayment Income                          97,965
Late Charges                                                  -
                                                 --------------
  Total Servicing Fees                                   97,965

Other Income (Loss)                                 (15,056,216)
                                                 --------------
Total Revenue                                        (6,843,676)

Salaries                                                207,669
Bonuses                                                       -
Commissions                                                   -
Employee Benefits                                             -
Payroll Taxes                                            27,279
Meetings & Travel                                           155
Meals & Entertainment                                       359
                                                 --------------
  Total Personnel Expenses                              235,462

Rent                                                    142,947
Telephone                                                41,386
Office Supplies                                          (2,214)
Shipping & Postage                                        1,411
Equipment                                             1,045,000
                                                 --------------
  Total Office Expenses                               1,228,530

Professional expense                                    758,301
Marketing                                                     -
Loan Related Expenses                                    72,251
Banking                                                       -
Other Taxes/Licenses/Fees                                25,480
Other Expenses                                          165,360
                                                 --------------
  Total Other Expenses                                1,021,392

  Direct Operating Expense                            2,485,384
  Direct Operating Income                            (9,329,060)

Loan Loss Provision                                    (887,380)
Deferred SFAS 91 Expenses                                     -
Sub Debt Expense                                              -
Depreciation Expense                                     82,196
Amortization                                                  -
Direct Allocation to Subs                                     -
Allocation Between Subs                                       -
                                                 --------------
  Indirect Operating Expense                           (805,184)
                                                 --------------
Total Expenses
                                                      1,680,200
Income (Loss) Before Taxes                           (8,523,876)

Federal and State Income Taxes                                -
                                                 --------------
Net Income (Loss)                                   ($8,523,876)
                                                 ==============

                Aegis Mortgage Corporation, et al.
                   Receipts and Disbursements
                  Month Ended January 31, 2008

Balance at Beginning of Period                      $26,663,143

RECEIPTS:
Cash Sales                                                    0
Accounts Receivable                                   2,055,264
Loans and Advances                                            0
Sale of Assets                                          260,249
Other Insurance Premiums                                      0
Transfers (from DIP Accounts)                                 0
Return of Investments
   Moulton Reinvestment                                       0
                                                 --------------
   Total Receipts                                     2,315,513

DISBURSEMENTS:
Net Payroll                                            (223,827)
Payroll Taxes                                            (1,216)
Sales, Use & Other Taxes                                  1,675
Inventory Purchases                                           0
Secured/Rental/Leases                                  (171,807)
Insurance--Health Benefits                              (15,611)
Administrative                                         (256,698)
Selling                                                       0
Other NSF's                                                   0

Owner Draw                                                    0
Transfers to DIP Accounts                                     0

Professional Fees                                      (432,665)
U.S. Trustee Quarterly Fees                             (12,000)
Court Costs                                                   0
                                                 --------------
Total Disbursements                                 ($1,112,148)
                                                 --------------
Net Cash Flow                                         1,203,365
                                                 --------------
Cash-End of Month                                   $27,866,508
                                                 ==============

The Debtors said in their Web site that they will send 2007
Earnings Statements (Form W-2) and 2007 Mortgage Interest
Statements (Form 1098) to former Aegis employees and former Aegis
servicing customers.

Headquartered in Houston, Texas, Aegis Mortgage Corporation --
http://www.aegismtg.com/-- offers a variety of mortgage loan
products to brokers through its subsidiaries.

The company together with 10 affiliates filed for chapter 11
protection on Aug. 13, 2007 (Bankr. D. Del. Case No. 07-11119)
Curtis A. Hehn, Esq., James E. O'Neill, Esq., Laura Davis Jones,
Esq., and Timothy P. Cairns, Esq., at Pachulski, Stang, Ziehl, &
Jones, L.L.P., serve as counsel to the Debtors.  The Official
Committee of Unsecured Creditors is represented by Landis Rath &
Cobb LLP.  In schedules filed with the Court, Aegis disclosed
total assets of $138,265,342 and total debts of $4,125,470.  The
Debtors' exclusive period to file a plan of reorganization expires
on April 9, 2008.

(Aegis Bankruptcy News, Issue No. 19; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN LAFRANCE: Delivers Initial February 2008 Operating Report
------------------------------------------------------------------
American LaFrance LLC, delivered to the U.S. Bankruptcy Court for
the District of Delaware its initial Operating Report for the
month ended Feb. 29, 2008.

The Debtor relates that it is in the process of reconciling and
closing its accounts for the calendar year 2007, and thus is
unable to provide a month end balance sheet and a monthly income
statement for February 2008.  Instead, the Debtor provided
partial reports on revenues, available cash on hand, and
estimated inventory.

                     American LaFrance, LLC
                            Revenues
          For the Period from Jan. 28 to Feb. 29, 2008

      Emergency Vehicle Sales                   $2,506,240
      Vocational Vehicle Sales                     362,062
      Parts & Services Sales                       424,442
                                               -----------
      Total Sales                               $3,292,744
                                               ===========

                     American LaFrance, LLC
                          Cash on Hand
                     As of February 29, 2008

      Book Cash Balances
      Cash on Hand                              $1,215,853
      Cash in Professional Fee Escrow Account    1,075,000
      Cash in Prepetition Debt Account           4,740,693
      Cash in CD Account# 910 000 6538 2316        145,000
                                               -----------
         Sub-total                              $7,176,546
                                               -----------

      Restricted Cash                          $24,796,640
                                               -----------
         Grand Total -- Book Cash              $31,973,186
                                               ===========

      Bank Cash Balances
       Wachovia Acct#20000037502919                     $0
       Wachovia Acct#20000037503099              3,119,940
       Wachovia Acct#20000037503112              1,075,000
       Wachovia Acct#20000037503125                  8,188
       Wachovia Acct#20000037503138              4,571,532
       Bank of America Acct#910 000 65382316       145,000
       Bank of America Acct#0007 8283 0174               0
       Bank of America Acct#0007 8283 0365              56
       Bank of America Acct#0022 3117 2093             557
       Bank of America Acct#0022 3115 5968           6,294
       Bank of America Acct#3750610213             100,902
       Bank of America Acct#0000 8283 2981               0
       Bank of America Acct#0007 8283 2907               0
       Bank of America Acct#0007 8283 3142               0
       Bank of America Acct#0022 3117 2019               0
                                                ----------
         Sub-total                              $9,027,469
                                                ----------
       Bank of America Acct#0022 3116 3578     $24,796,640
                                               -----------
         Grand Total                           $33,824,110
                                               ===========

                      American LaFrance, LLC
                       Estimated Inventory
                     As of December 31, 2007

      Summerville:
         Raw Materials                         $24,600,000
         WIP                                    42,600,000
         FGI/Demo                                1,300,000
                                               -----------
           Total Summerville                   $67,900,000

         PDC                                     5,800,000

         Sanford -- All Raw Materials           $3,300,000
         Sanford WIP                             1,800,000
         Hamburg -- All Raw Materials              400,000
         Hamburg WIP                             2,100,000
         Ephrata -- Total                        6,300,000

         Estimated Used and Demo                 3,000,000
         Estimated E&O Reserve                  (3,100,000)
                                              ------------
           Total Inventory                     $87,500,000
                                              ============

                      American LaFrance, LLC
                 Cash Receipts and Disbursements
           For the Period from Jan. 28 to Feb. 29, 2008

      Beginning Cash Book Balance               $6,470,532
      (excluding Restricted Cash)

      Receipts:
      Accounts Receivable                        4,740,693
      Borrowing Under DIP Facility               5,000,000
                                                ----------
       Total Receipts                           $9,740,693
                                                ----------

      Disbursements:
       Admin                                      $150,478
       Out-bound freight                            69,493
       Taxes                                         2,300
       Employee Expense                              9,957
       Equipment Rental                            114,046
       Insurance                                   313,702
       Marketing                                    88,786
       Occupancy                                   433,526
       Payroll                                   2,327,298
       Employee Benefits & Contractors           1,065,242
       Audit/Tax                                       900
       Supplies                                     51,175
       Travel                                            0
       Utilities                                    20,680
       Inventory & Material                      4,429,293
       Utility Deposits                            102,794
       PPMG                                              0
       DIP Interest                                      0
       A -- Professional Fee Escrow              1,075,000
       B -- Payments on Prepetition Debt         4,740,693
                                               -----------
       Total Disbursements                     $14,995,362
                                               -----------
      Net Cash Flow                            $(5,254,669)
                                               -----------
      Ending Cash Book Balance                  $1,215,863
                                               ===========

                     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 Official Committee of Unsecured Creditors is
represented by Pepper Hamilton LLP.

The Debtor's exclusive period to file a plan expires on May 27,
2008. The Debtor filed its plan of reorganization on February 3,
the confirmation hearing of which is set for April 18, 2008.
(American LaFrance Bankruptcy News, Issue No. 11; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).


ASARCO LLC: Earns $23,099,000 in Month Ended February 29
--------------------------------------------------------

                        ASARCO LLC, et al.
                           Balance Sheet
                      As of February 29, 2008

ASSETS
   Current Assets:
   Cash                                           $935,710,000
   Restricted Cash                                  25,368,000
   Accounts receivable, net                        177,246,000
   Inventory                                       320,428,000
   Prepaid expenses                                  4,842,000
   Other current assets                             10,095,000
                                               ---------------
Total Current Assets                             1,473,689,000

Net property, plant and equipment                  476,264,000
Other Assets
   Investments in subs                             100,719,000
   Advances to affiliates                              439,000
   Prepaid pension & retirement plan                         0
   Non-current deferred tax asset                   40,951,000
   Other                                            96,828,000
                                               ---------------
Total assets                                    $2,188,891,000
                                               ===============

LIABILITIES
   Postpetition liabilities:
   Accounts payable                                $68,087,000
   Accrued liabilities                             576,238,000
   Debtor-in-possession financing                            0
                                               ---------------
Total postpetition liabilities                     644,325,000

Prepetition liabilities:
Not subject to compromise - credit                    3670,000
Not subject to compromise - other                  130,981,000
Advances from affiliates                            24,066,000
Subject to compromise                            1,689,744,000
                                               ---------------
Total prepetition liabilities                    1,848,462,000
                                               ---------------
Total liabilities                               $2,492,787,000
                                               ---------------

OWNERS' EQUITY (DEFICIT)
Common stock                                       508,324,000
Additional paid-in capital                         104,578,000
Other comprehensive income                        (26,4182,000)
Retained earnings: filing date                  (1,591,978,000)
                                               ---------------
Total prepetition owners' equity                (1,243,258,000)
Retained earnings: post-filing date                939,362,000
                                               ---------------
Total owners' equity (net worth)                  (303,897,000)

Total liabilities and owners' equity            $2,188,891,000
                                               ===============

                           ASARCO LLC, et al.
               Consolidated Statement of Operations
                    Month Ended February 29, 2008

Sales                                             $159,088,000
Cost of products and services                      117,311,000
                                               ---------------
Gross profit                                        41,778,000

Operating expenses:
Selling and general & admin expenses                 3,321,000
Depreciation & amortization                          2,940,000
Provision accretion expense of asset
   retirement obligation                               441,000
                                               ---------------
Operating income                                    35,076,000

Interest expense                                        25,000
Interest income                                     (2,243,000)
Reorganization expenses                              5,901,000
Other miscellaneous (income) expenses               (6,630,000)
                                               ---------------
Income (loss) before taxes                          38,023,000
Income taxes                                        14,924,000
                                               ---------------
Net income (loss)                                  $23,099,000
                                               ===============

                           ASARCO LLC, et al.
             Consolidated Cash Receipts & Disbursements
                   Month Ended February 29, 2008

Receipts                                          $153,728,000
Disbursements:
Inventory material                                  58,161,000
Operating disbursements                             50,488,000
Capital expenditures                                13,732,000
                                               ---------------
Total disbursements                                122,381,000

Operating cash flow                                 31,346,000
Reorganization disbursements                         3,607,000
                                               ---------------
Net cash flow                                       27,740,000
Net payments to secured Lenders                              0
                                               ---------------
Net change in cash                                  27,740,000
Beginning cash balance                             933,338,000
                                               ---------------
Ending cash balances                              $961,078,000
                                               ===============

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


BLUE WATER: Discloses $85,049,531 in Total Scheduled Assets
-----------------------------------------------------------
Blue Water Automotive Systems Inc. submitted its schedules of
assets and liabilities with the United States Bankruptcy Court
Eastern District of Michigan, disclosing:

A.     Real Property
           Administrative Office Building             $1,525,000
           Busha Highway Plant                           567,000
           Marysville Building                           225,000
           Administrative Office Land                    180,000
           Busha Highway Plant Land                       63,000
           Marysville Land                                25,000

B.     Personal Property
B.1        Cash on hand                                    6,750
B.2        Deposits
              LaSalle Bank Midwest NA                   (493,348)
              LaSalle Bank Midwest NA                     47,965
              Comerica                                     1,766
B.3        Security Deposits
              Blue Cross Blue Shield                     208,002
              General Electric Capital Corp.            208,120
              General Electric Capital Corp.             208,120
              RL Enterprises Real Property Taxes          98,528
              RL Enterprises, LLC                         53,906
              Delta Dental                                47,175
              Principal Life                              24,900
              North Winds Investment Corp.                 2,584

B.4    Household goods and furnishings, including
         audio, video, and computer equipment                 --
B.5    Books, pictures and other art objects, etc.          None
B.6    Wearing apparel                                      None
B.7    Furs and jewelry                                     None
B.8    Firearms and sports, photographic, and other
         hobby equipment                                    None
B.9    Interests in insurance policies             No cash value
B.10   Annuities                                            None
B.11   Interests in an education IRA as defined in
         26 U.S.C. Section 530(b)(1)                        None
B.12   Interests in IRA, ERISA, Keogh, or other
         pension or profit sharing plans                    None
B.13   Stock and interests in businesses                 Unknown
B.14   Interests in partnerships or joint ventures.            0
B.15   Government and corporate bonds                          0
B.16   Accounts Receivable
          Trade Receivable
             Ford Motor Company                        5,486,642
             General Motors Corporation                2,356,090
             Integram                                  1,425,281
             Chrysler LLC                              1,898,923
             Automotive Components Holdings, LLC       1,649,893
             Air International, Inc.                   1,112,075
             Mercedes Benz USA                           698,375
             Dakkota Integrated Systems                  503,339
             Johnson Controls                            417,142
             Lear Corporation                            400,950
             Excelsior Springs Seating Systems           268,163
           Tooling Receivables
             Ford Motor Company                        3,024,730
             Johnson Controls Inc                        703,465
             Chrysler LLC                                583,080
           Intercompany Receivable                    12,003,232
           Others                                      9,620,868
B.17   Alimony, maintenance, support, and
         property settlements debtor is entitled to         None
B.18   Other liquidated debts including tax refunds
           Michigan UAI Refund                           100,128
           US Dept of Treasury                            40,777
           US Dept of Treasury PEHBT                       2,130
B.19   Equitable or future interests, life estates,
         and rights or powers exercisable for the
         debtor's benefit                                   None
B.20   Contingent and noncontingent interests in
         estate of a decedent, death benefits plan,
         life insurance policy, or trust                    None
B.21   Other contingent and unliquidated claims             None
B.22   Patents, copyrights, and other intellectual property
          Rotary Stack of Injection Molding              Unknown
          Patent No. 6210266                             Unknown
          Patent No. 6026852                             Unknown
B.23   Licenses, franchises, and other
       general intangibles                          Undetermined
B.24   Customer lists or other compilations                 None
B.25   Automobiles and other vehicles and accessories
          Dodge Van                                        4,011
          Chevrolet Truck                                  2,557
          Used Stake Truck                                 1,209
          Dodge Pickup Truck                                 550
          GMC Sierra                                         333
          Ford Stake Truck                                   187
          GMC Sierra                                         125
          Dodge Truck                                        125
B.26   Boats, motors, and accessories                       None
B.27   Aircraft and accessories                             None
B.28   Office equipment, furnishings, and supplies
          Computer equipment and software                365,504
          Marysville Admin. Office Furnitures & Fixtures  95,703
          Howell Plant Furniture & Fixtures               24,179
          Port Huron Plant Furniture & Fixture            21,358
          Burlington Plant Furniture & Fixtures           12,840
          Haas Plant Furniture & Fixtures                  6,702
          Range Road Plant Furniture & Fixtures              802
B.29   Machinery, fixtures, equipment and supplies
          Haas Plant Machinery and Equipment           6,908,481
          Howell Plant Machinery and Equipment         2,829,973
          Range Road Plant Machinery and Equipment     2,141,088
          Burlington Plant Machinery and Equipment     2,174,356
          Howell Plant Returnable Containers           1,637,098
          Caro Plant Machinery and Equipment             849,818
          Haas Custom Equipment/Tooling                  289,850
          Others                                       7,197,237
B.30   Inventory
          Whiting - Raw Material & Work in Progress    1,128,892
          Range - Raw Material & Work in Progress      1,043,003
          Port Huron- Raw Material & Work in Progress    948,092
          Range - Finished Goods                         890,589
          Haas Raw Material & Work in Progress           845,516
          Howell Raw Material                            817,924
          Burlington Raw Material                        782,673
          Port Huron - Finished Goods                    721,960
          Others                                       3,305,715
B.31   Animals                                              None
B.32   Crops - growing or harvested                         None
B.33   Farming equipment and implements                     None
B.34   Farms supplies, chemicals, and feed                  None
B.35   Other personal property
          Molds in Process                             4,706,303

       TOTAL SCHEDULED ASSETS                        $85,049,531
       ==========================================================

D.     Creditors Holding Secured Claims
          Secured Creditors
             CIT Capital USA Inc.                    $14,981,372
             CIT Group/Business Credit                17,560,463
             CIT Group/Equipment Financing Inc.       14,460,230
             KPS Special Situations Fund II L.P.       5,000,000
             Microsoft Financing                         216,048
          Lease Payments                                 465,127
          Molding/Tooling Contracts                      Unknown

E.     Creditors Holding Unsecured Claims
          State of Michigan                              100,000
          City of St. Clair                               86,475
          Ohio Commercial Activity Tax                    40,000
          Indianfields                                    35,788
          Lexington Township                              29,585
          Howell Township                                 28,980
          City of Marysville                              20,936
          Alamance County                                  6,277
          City of Port Huron                               5,983

F.     Creditors Holding NonPriority Claims
           Trade Claim
                PolyOne Distribution                   1,657,245
                Basic Tool Inc.                        1,455,300
                RheTech Inc.                           1,371,086
                Crest Mold Technology Inc.             1,255,660
                Sentech On-Site Services               1,167,043
                DTE Energy                             1,063,232
                Active Burgess Mold                      885,163
                PME Companies                            726,341
                Wellman Inc.                             598,239
                Sundance Products Inc.                   567,950
                Infor Global Solutions                   530,349
                Qualified Staffing         &nbs