/raid1/www/Hosts/bankrupt/TCR_Public/080405.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, April 5, 2008, Vol. 12, No. 81

                             Headlines



BLUE WATER: Files Schedules of Assets and Debts
BLUE WATER: BW Plastics Mexico Files Schedules of Assets and Debts
BLUE WATER: BWAS Holdings Files Schedules of Assets and Debts
BLUE WATER: BWAS Mexico Files Schedules of Assets and Debts
BLUE WATER: BWAS Properties Files Schedules of Assets and Debts

CATHOLIC CHURCH: Davenport Files February 2008 Operating Report
CATHOLIC CHURCH: Fairbanks Files Statement of Income & Expenses
DANA CORPORATION: Files Operating Report for December 2007
DANA CORPORATION: Further Revises Schedules of Assets and Debts
DURA AUTOMOTIVE: Incurs February 2008 Net Loss of $9,687,000

HANCOCK FABRICS: Posts $3,759,000 Net Loss Ended Feb. 2, 2008
HOMEBANC MORTGAGE: Posts $1,037,000 Net Loss in January 2008
HOMEBANC MORTGAGE: Posts $1,365,000 Net Loss in February 2008
INTERSTATE BAKERIES: Posts $16,493,079 Loss in Month Ended Feb. 9
LEVITZ FURNITURE: Posts $4,722,000 Loss in Period Feb. 4 - March 2

PERFORMANCE TRANS: Posts $3,689,000 Net Loss in February 2008
PRC LLC: Discloses February 2008 Net Loss of $7,941,000
PROPEX INC: Incurs $1,100,000 Net Loss in Month Ended Feb. 3, 2008
PROPEX INC: Incurs $100,000 Net Loss in Month Ended March 2, 2008
REFCO LLC: Chapter 7 Trustee Deliver January 2008 Report

REFCO LLC: Chapter 7 Trustee Delivers February 2008 Report
SEA CONTAINERS: Earns $78,197 in Month Ended February 29, 2008



                             *********

BLUE WATER: Files Schedules of Assets and Debts
-----------------------------------------------

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                       435,073
                Innovene O&D USA LLC                     424,751
                Plastomer Corporation                    422,943
                American Autocoat Inc.                   382,427
                Spartech/Resin Express Distributors      387,632
                Superior Mold Services                   346,465
                D & N Die & Mold Inc.                    341,957
                Milacron Marketing Company               296,840
                Romeo Mold Technologies Inc.             294,500
                Stephenson Electric Co Inc.              277,030
                Packaging Corp of America                228,256
                Cooper-Standard Automotive               224,104
                Mold-Tech Standex Engraving Group        222,550
                ENTEC Engineered Resin, Inc.             220,682
                Unique Fabricating Inc.                  217,931
                Rennco Automation Systems Inc.           212,800
                Complete Prototype Services              203,388
                Uniform Color Company                    199,181
                R & W Metal Inc.                         171,411
                Aphagary Canada LTD                      170,197
                Valley Crane & Rigging                   170,000
                Borgers USA Corp                         165,422
                Talma Fastener Corp.                     163,863
                Ticona                                   161,285
                Radiance Mold & Engineering Inc.         150,333
                Applied Technologies and Resources       147,227
                Intrax Performance Resources             136,218
                Delta Dental Plan                        132,340
                Diemould Tooling Services                130,560
                Sundance Products Inc.                   129,162
                BodyCote Materials Testing               127,691
                Entropex                                 125,179
                Phoenix Machinery Movers                 124,630
                Three 60 Productions                     118,456
                Advanced Elastomer Systems               117,656
                ARD Logistics- Alabama                   114,309
                Metzeler/Maps Holding Inc.               114,111
                City of St. Clair                        113,599
                Advance Molds                            112,800
                Marshall E. Campbell Co.                 110,073
                Superior Tool & Mold Inc                 106,155
                Kanematsu USA Inc.                       100,320
                Pratt Industries                         100,710
                Paragon Die & Engineering Co.            100,062
                State of Michigan                        100,550
                Rapid Global Business Solutions           99,591
                Synergia Automotive                       94,513
                Jo-Ad Industries                          94,446
                HS Die & Engineering Inc.                 93,350
                Tinnerman Palnut                          93,315
                Park Nameplate Company Inc                92,398
                Henkelorbseal                             88,621
                Sturges Manufacturing Company Inc.        85,988
                World Corrugated Container Inc.           85,469
                Positive Quality Solutions, Inc.          84,596
                Washington Penn Plastics Co Inc.          84,351
                St. Clair Packaging Inc.                  84,055
                HP Pelzer Auto Systems Inc.               83,334
                Costello Enterprises                      75,140
                Standard Components, Inc.                 74,525
                Twin Corporation                          69,637
                Blue Water Lift Truck Service             69,249
                The Materials Group LLC                   69,239
                Tool Plas Systems Inc.                    69,045
                TRW Automotive Electronics                68,778
                PolyOne Color                             64,229
                GT Industries Inc.                        63,573
                Conair Group Inc.                         62,729
                Vidon Plastics, Inc.                      60,319
                Trans-Man Logistics, Inc.                 57,527
                CNI Inc.                                  53,550
                Fanuc Products LLC                        51,149
                Oracle Corporation                        50,688
                Precision Stamping                        50,542
                Nova Chemicals Inc                        50,344
                Eteron Inc.                               45,612
                Michigan petroleum Tech Inc.              42,911
                Termax Corp                               40,010
                Others                                11,207,394
           Intercompany Payable
                Blue Water Automotive Systems Inc.        14,219

A list of all Non-Priority Creditors is available for free at:
http://bankrupt.com/misc/bluewater_scheduleF.pdf

       TOTAL LIABILITIES                              $86,473,112
       ==========================================================

                     About Blue Water Automotive

Blue Water Automotive Systems, Inc. designs and manufactures
engineered thermoplastic components and assemblies for the
automotive industry.  The company's product categories include
airflow management, full interior trim/sub-systems, functional
plastic components, and value-added assemblies.  They are
supported by full-service design, program management,
manufacturing and tooling capabilities.  With more than 1,400
employees, Blue Water operates eight manufacturing and product
development facilities and has annual revenues of approximately
US$200 million.  The company's headquarters and technology
center is located in Marysville, Mich.  The company has
operation in Mexico.

In 2005, KPS Special Situations Fund II, L.P., and KPS Special
Situations Fund II(A), L.P., acquired Blue Water Automotive
through a stock purchase transaction.  In 2006, the company
acquired the automotive assets and operations of Injectronics,
Inc., a manufacturer of thermoplastic injection molded
components and assemblies.  KPS then set about reorganizing the
company.  The company implemented a program to improve operating
performance and address its liquidity issues.  During 2007, the
company replaced senior management, closed two facilities, and
reduced overhead spending by one third.

Blue Water Automotive and four affiliates filed for chapter 11
bankruptcy protection Feb. 12, 2008, before the United States
Bankruptcy Court Eastern District of Michigan (Detroit) (Case No.
08-43196).  Judy O'Neill, Esq., and Frank DiCastri, Esq., at Foley
& Lardner, LLP, serves as the Debtors' bankruptcy counsel.
Administar Services Group LLC acts as the Debtors' claims,
noticing, and balloting agent.  Blue Water's bankruptcy petition
lists assets and liabilities each in the range of US$100 million
to US$500 million.  Its exclusive plan filing period expires on
June 11, 2008.  (Blue Water Automotive Bankruptcy News, Issue No.
8; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


BLUE WATER: BW Plastics Mexico Files Schedules of Assets and Debts
----------------------------------------------------------------
Blue Water Plastics Mexico, Ltd., debtor-affiliate of Blue Water
Automotive System Inc., filed its schedules of assets and
liabilities with the U.S. Bankruptcy Court for the Eastern
District of Michigan, disclosing:

A.     Real Property                                         None

B.     Personal Property                                     None
B.1    Cash on hand                                          None
B.2    Bank Accounts                                         None
B.3    Security Deposits                                     None
B.4    Household goods                                       None
B.5    Collectibles                                          None
B.6    Wearing apparel                                       None
B.7    Furs and jewelry                                      None
B.8    Firearms and sports equipment                         None
B.9    Interests in Insurance Policies              No cash value
B.10   Annuities                                             None
B.13   Business Interests and stocks                      Unknown
B.14   Interests in partnerships                             None
B.15   Government and Corporate Bonds                        None
B.18   Other Liquidated Debts                                None
B.21   Other contingent and unliquidated claims           Unknown
B.22   Patents, copyrights, and other intellectual property  None
B.25   Vehicles                                              None
B.28   Office equipment, furnishings and supplies            None
B.29   Machinery                                             None
B.30   Inventory                                             None
B.35   Other Personal Property                               None

        TOTAL SCHEDULED ASSETS                               $ -
        ========================================================

C.   Property Claimed as Exempt                              None
D.   Secured Claim
        CIT Group/Business Credit                     $17,560,463
        CIT Group/Equipment Financing Inc.             14,460,230
E.   Unsecured Priority Claims                               None
F.   Unsecured Non-priority Claims                           None

        TOTAL SCHEDULED LIABILITIES                   $32,020,693
        =========================================================

Blue Water Plastics Mexico, Ltd., reported no income from its
business operations or other sources during the two years
preceding the bankruptcy filing.

                    About Blue Water Automotive

Blue Water Automotive Systems, Inc. designs and manufactures
engineered thermoplastic components and assemblies for the
automotive industry.  The company's product categories include
airflow management, full interior trim/sub-systems, functional
plastic components, and value-added assemblies.  They are
supported by full-service design, program management,
manufacturing and tooling capabilities.  With more than 1,400
employees, Blue Water operates eight manufacturing and product
development facilities and has annual revenues of approximately
US$200 million.  The company's headquarters and technology
center is located in Marysville, Mich.  The company has
operation in Mexico.

In 2005, KPS Special Situations Fund II, L.P., and KPS Special
Situations Fund II(A), L.P., acquired Blue Water Automotive
through a stock purchase transaction.  In 2006, the company
acquired the automotive assets and operations of Injectronics,
Inc., a manufacturer of thermoplastic injection molded
components and assemblies.  KPS then set about reorganizing the
company.  The company implemented a program to improve operating
performance and address its liquidity issues.  During 2007, the
company replaced senior management, closed two facilities, and
reduced overhead spending by one third.

Blue Water Automotive and four affiliates filed for chapter 11
bankruptcy protection Feb. 12, 2008, before the United States
Bankruptcy Court Eastern District of Michigan (Detroit) (Case No.
08-43196).  Judy O'Neill, Esq., and Frank DiCastri, Esq., at Foley
& Lardner, LLP, serves as the Debtors' bankruptcy counsel.
Administar Services Group LLC acts as the Debtors' claims,
noticing, and balloting agent.  Blue Water's bankruptcy petition
lists assets and liabilities each in the range of US$100 million
to US$500 million.  Its exclusive plan filing period expires on
June 11, 2008.  (Blue Water Automotive Bankruptcy News, Issue No.
9; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or  215/945-7000).


BLUE WATER: BWAS Holdings Files Schedules of Assets and Debts
-------------------------------------------------------------
BWAS Holdings, Inc., debtor-affiliate of Blue Water Automotive
System Inc., filed its schedules of assets and liabilities with
the U.S. Bankruptcy Court for the Eastern District of Michigan,
disclosing:

A.     Real Property                                        None

B.     Personal Property                                    None
B.1    Cash on hand                                         None
B.2    Bank Accounts                                        None
B.3    Security Deposits                                    None
B.9    Interests in Insurance Policies             No cash value
B.13   Business Interests and stocks                     Unknown
B.14   Interests in partnerships                            None
B.15   Government and Corporate Bonds                       None
B.16   Accounts Receivable                                     -
B.18   Other Liquidated Debts                               None
B.21   Other contingent and unliquidated claims          Unknown
B.22   Patents, copyrights, and other intellectual property None
B.25   Vehicles                                             None
B.28   Office equipment, furnishings and supplies           None
B.29   Machinery                                            None
B.30   Inventory                                            None
B.35   Other Personal Property                              None

        TOTAL SCHEDULED ASSETS                                 -
        ========================================================

C.   Property Claimed as Exempt

D.   Secured Claim
        CIT Group/Business Credit                    $17,560,463
        CIT Group/Equipment Financing Inc.            14,460,230

E.   Unsecured Priority Claims                              None
F.   Unsecured Non-priority Claims                          None

        TOTAL SCHEDULED LIABILITIES                  $32,020,693
        ========================================================

BWAS Holdings, Inc., disclosed no income from the operation of
its business or from other sources during the two years preceding
the bankruptcy filing.

                    About Blue Water Automotive

Blue Water Automotive Systems, Inc. designs and manufactures
engineered thermoplastic components and assemblies for the
automotive industry.  The company's product categories include
airflow management, full interior trim/sub-systems, functional
plastic components, and value-added assemblies.  They are
supported by full-service design, program management,
manufacturing and tooling capabilities.  With more than 1,400
employees, Blue Water operates eight manufacturing and product
development facilities and has annual revenues of approximately
US$200 million.  The company's headquarters and technology
center is located in Marysville, Mich.  The company has
operation in Mexico.

In 2005, KPS Special Situations Fund II, L.P., and KPS Special
Situations Fund II(A), L.P., acquired Blue Water Automotive
through a stock purchase transaction.  In 2006, the company
acquired the automotive assets and operations of Injectronics,
Inc., a manufacturer of thermoplastic injection molded
components and assemblies.  KPS then set about reorganizing the
company.  The company implemented a program to improve operating
performance and address its liquidity issues.  During 2007, the
company replaced senior management, closed two facilities, and
reduced overhead spending by one third.

Blue Water Automotive and four affiliates filed for chapter 11
bankruptcy protection Feb. 12, 2008, before the United States
Bankruptcy Court Eastern District of Michigan (Detroit) (Case No.
08-43196).  Judy O'Neill, Esq., and Frank DiCastri, Esq., at Foley
& Lardner, LLP, serves as the Debtors' bankruptcy counsel.
Administar Services Group LLC acts as the Debtors' claims,
noticing, and balloting agent.  Blue Water's bankruptcy petition
lists assets and liabilities each in the range of US$100 million
to US$500 million.  Its exclusive plan filing period expires on
June 11, 2008.  (Blue Water Automotive Bankruptcy News, Issue No.
9; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or  215/945-7000).


BLUE WATER: BWAS Mexico Files Schedules of Assets and Debts
-----------------------------------------------------------
BWAS Mexico, LLC, debtor-affiliate of Blue Water Automotive System
Inc., filed its schedules of assets and liabilities with the U.S.
Bankruptcy Court for the Eastern District of Michigan, disclosing:

A.     Real Property                                         None

B.     Personal Property                                     None
B.1    Cash on hand                                          None
B.2    Bank Accounts                                         None
B.3    Security Deposits                                     None
B.4    Household goods                                       None
B.5    Collectibles                                          None
B.6    Wearing apparel                                       None
B.7    Furs and jewelry                                      None
B.8    Firearms and sports equipment                         None
B.9    Interests in Insurance Policies              No cash value
B.10   Annuities                                             None
B.13   Business Interests and stocks                      Unknown
B.14   Interests in partnerships                             None
B.15   Government and Corporate Bonds                        None
B.16   Accounts Receivable                                   None
B.18   Other Liquidated Debts                                None
B.21   Other contingent and unliquidated claims           Unknown
B.22   Patents, copyrights, and other intellectual property  None
B.24   Customer lists or other compilations                  None
B.25   Vehicles                                              None
B.28   Office equipment, furnishings and supplies            None
B.29   Machinery                                             None
B.30   Inventory                                             None
B.35   Other Personal Property                               None

        TOTAL SCHEDULED ASSETS                              $ -
        ========================================================

C.   Property Claimed as Exempt                              None

D.   Secured Claim
        CIT Group/Business Credit                     $17,560,463
        CIT Group/Equipment Financing Inc.             14,460,230

E.   Unsecured Priority Claims                               None
F.   Unsecured Non-priority Claims                           None

        TOTAL SCHEDULED LIABILITIES                   $32,020,693
        =========================================================

BWAS Mexico, LLC, disclosed zero income from the operation of its
business and other sources during the two years preceding the
bankruptcy filing.

                    About Blue Water Automotive

Blue Water Automotive Systems, Inc. designs and manufactures
engineered thermoplastic components and assemblies for the
automotive industry.  The company's product categories include
airflow management, full interior trim/sub-systems, functional
plastic components, and value-added assemblies.  They are
supported by full-service design, program management,
manufacturing and tooling capabilities.  With more than 1,400
employees, Blue Water operates eight manufacturing and product
development facilities and has annual revenues of approximately
US$200 million.  The company's headquarters and technology
center is located in Marysville, Mich.  The company has
operation in Mexico.

In 2005, KPS Special Situations Fund II, L.P., and KPS Special
Situations Fund II(A), L.P., acquired Blue Water Automotive
through a stock purchase transaction.  In 2006, the company
acquired the automotive assets and operations of Injectronics,
Inc., a manufacturer of thermoplastic injection molded
components and assemblies.  KPS then set about reorganizing the
company.  The company implemented a program to improve operating
performance and address its liquidity issues.  During 2007, the
company replaced senior management, closed two facilities, and
reduced overhead spending by one third.

Blue Water Automotive and four affiliates filed for chapter 11
bankruptcy protection Feb. 12, 2008, before the United States
Bankruptcy Court Eastern District of Michigan (Detroit) (Case No.
08-43196).  Judy O'Neill, Esq., and Frank DiCastri, Esq., at Foley
& Lardner, LLP, serves as the Debtors' bankruptcy counsel.
Administar Services Group LLC acts as the Debtors' claims,
noticing, and balloting agent.  Blue Water's bankruptcy petition
lists assets and liabilities each in the range of US$100 million
to US$500 million.  Its exclusive plan filing period expires on
June 11, 2008.  (Blue Water Automotive Bankruptcy News, Issue No.
9; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or  215/945-7000).


BLUE WATER: BWAS Properties Files Schedules of Assets and Debts
---------------------------------------------------------------
Blue Water Automotive Systems Properties, LLC, debtor-affiliate of
Blue Water Automotive System Inc., filed its schedules of assets
and liabilities with the U.S. Bankruptcy Court for the Eastern
District of Michigan, disclosing:

A.      Real Property
          Haas Plant Building                         $5,830,875
          Range Road Plant Building                    5,431,500
          Port Huron Plant Building                    4,233,375
          Haas Plant Building Improvements             3,617,485
          Whiting Plant Building                       1,437,750
          Caro Plant Building                          1,038,375
          Lexington Plant Building                       878,625
          Haas Plant Land                                730,000
          Range Road Plant Land                          680,000
          Port Huron Plant Land                          530,000
          Whiting Plant Land                             180,000
          Caro Plant Land                                130,000
          Lexington Plant Land                           110,000
B.     Personal Property
B.1    Cash on hand                                         None
B.2    Bank Accounts                                        None
B.3    Security Deposits                                    None
B.9    Interests in Insurance Policies             No cash value
B.10   Annuities                                            None
B.13   Business Interests and stocks                        None
B.14   Interests in partnerships                            None
B.16   Accounts Receivable                                  None
B.18   Other Liquidated Debts                               None
B.21   Other contingent and unliquidated claims             None
B.22   Patents                                              None
B.23   Licenses, franchises & other general intangibles     None
B.24   Customer lists or other compilations                 None
B.25   Vehicles                                             None
B.28   Office equipment, furnishings and supplies           None
B.29   Machinery                                            None
B.30   Inventory                                            None
B.31   Animals                                              None
B.32   Crops - growing or harvested                         None
B.33   Farming equipment and implements                     None
B.34   Farm supplies, chemicals, and feed                   None
B.35   Other Personal Property                              None

        TOTAL SCHEDULED ASSETS                       $24,827,985
        =========================================================

C.   Property Claimed as Exempt

D.   Secured Claim
        Secured Creditor - CIT Capital USA, Inc.     $14,981,372
        Materialmens' and Mechanics' Liens
           Industrial Technology Services LLC             29,438
           Sheldon Construction, Inc.                     20,042
           Sheldon Construction, Inc.                      5,934

E.   Unsecured Priority Claims,,
        City of St. Clair, Michigan                       86,475
        Indianfields Township, Michigan                   35,789
        Lexington Township, Michigan                      29,585
        City of Port Huron, Michigan                       5,983

F.   Unsecured Non-priority Claims
        Intercompany Claim
           Blue Water Automotive Systems, Inc.        12,003,232

        TOTAL SCHEDULED LIABILITIES                  $27,197,851
        =========================================================

Blue Water Automotive Systems Properties, LLC, disclosed no
income from the operation of its business or from other sources
during the two years preceding the bankruptcy filing.

                    About Blue Water Automotive

Blue Water Automotive Systems, Inc. designs and manufactures
engineered thermoplastic components and assemblies for the
automotive industry.  The company's product categories include
airflow management, full interior trim/sub-systems, functional
plastic components, and value-added assemblies.  They are
supported by full-service design, program management,
manufacturing and tooling capabilities.  With more than 1,400
employees, Blue Water operates eight manufacturing and product
development facilities and has annual revenues of approximately
US$200 million.  The company's headquarters and technology
center is located in Marysville, Mich.  The company has
operation in Mexico.

In 2005, KPS Special Situations Fund II, L.P., and KPS Special
Situations Fund II(A), L.P., acquired Blue Water Automotive
through a stock purchase transaction.  In 2006, the company
acquired the automotive assets and operations of Injectronics,
Inc., a manufacturer of thermoplastic injection molded
components and assemblies.  KPS then set about reorganizing the
company.  The company implemented a program to improve operating
performance and address its liquidity issues.  During 2007, the
company replaced senior management, closed two facilities, and
reduced overhead spending by one third.

Blue Water Automotive and four affiliates filed for chapter 11
bankruptcy protection Feb. 12, 2008, before the United States
Bankruptcy Court Eastern District of Michigan (Detroit) (Case No.
08-43196).  Judy O'Neill, Esq., and Frank DiCastri, Esq., at Foley
& Lardner, LLP, serves as the Debtors' bankruptcy counsel.
Administar Services Group LLC acts as the Debtors' claims,
noticing, and balloting agent.  Blue Water's bankruptcy petition
lists assets and liabilities each in the range of US$100 million
to US$500 million.  Its exclusive plan filing period expires on
June 11, 2008.  (Blue Water Automotive Bankruptcy News, Issue No.
9; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or  215/945-7000).


CATHOLIC CHURCH: Davenport Files February 2008 Operating Report
---------------------------------------------------------------

                  Diocese of Davenport in Iowa
                 Statement of Financial Position
                     As of February 29, 2008

ASSETS

Current Assets
   Cash and cash equivalents - unrestricted           $5,039,895
   Cash and cash equivalents - restricted              2,540,814
   Accounts receivable, net                              105,619
   Inventory                                                   -
   Prepaid expenses                                        3,316
   Professional retainers                                 55,652
   Other: assets awaiting disposition                    618,533
                                                  --------------
Total Current Assets                                   8,363,828
                                                  --------------
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                                          $8,486,702
                                                  ==============

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                            $36,361
            Real property lease arrearage                      -
            Personal property lease arrearage                  -
      Accrued professional fees                                -
      Current portion of long-term debt                        -
      other:                                                   -
         Pass-through collections                        107,908
         Additional Accrued Vacations                      5,574
         Misc.                                               300
                                                  --------------
   Total Current Liabilities                             150,143
                                                  --------------
   Long-Term Postpetition Debt, Net                            -
                                                  --------------
   Total Postpetition Liabilities                        150,143
                                                  --------------
   Prepetition
      Secured claims                                           -
      Priority unsecured claims                          160,888
      General unsecured claims                        13,602,441
                                                  --------------
   Total Prepetition Liabilities                      13,763,329
                                                  --------------
     Total Liabilities                                13,913,472
                                                  --------------
Equity (deficit):
   Retained earnings/deficit at filing                 5,855,424
   Capital stock                                               -
   Additional paid-in capital                                  -
   Cumulative profit/loss since filing               (11,300,111)
   Post-petition contributions/distributions
      or draws                                                 -
   Market value adjustment                                17,918
                                                  --------------
   Total equity (deficit)                             (5,426,770)
                                                  --------------
Total liabilities & equity (deficit)                  $8,486,702
                                                  ==============

                  Diocese of Davenport in Iowa
                     Statement of Operations
             For the month ending February 29, 2008

Revenues
   Gross sales                                              $944
   Less: sales returns & allowances                            -
   Net sales                                                 944
   Less: cost of goods sold                                    -
   Gross profit                                              944
   Interest                                                4,045
   Other income:
      Charitable gifts                                   233,510
      Insurance receipts                                 100,816
      Investment income/fees                              24,277
                                                  --------------
   Total revenues                                        363,593
                                                  --------------
Expenses:
   Compensation to owner(s)/officer(s)                    12,209
   Salaries                                              110,622
   Commissions                                                 -
   Contract labor                                         12,791
   Rent/Lease:
      Personal property                                      380
      Real property                                            -
   Insurance                                              83,108
   Management fees                                             -
   Depreciation                                            2,105
   Taxes:
      Employer payroll taxes                               6,843
      Real property taxes                                      -
      Other taxes                                              -
   Other selling                                               -
   Other administrative                                   47,071
   Interest                                                    -
   Other expenses:
      Employee benefits                                   22,146
      Charity collection                                   2,238
      Medical assistance/Victim assistance                 2,238
      Utilities                                           13,988
      Transfer to unrestricted                                 -
      Professional fees                                        -
      Sabbatical                                               -
      Cemetery perpetual care                                  -
      Youth trip expenses                                      -
                                                  --------------
         Total expenses                                  315,739
                                                  --------------
   Reorganization items:
      Professional fees                                        -
      Estimate of claims payments                              -
      Interest earned on accumulated cash
         from resulting Chapter 11 case                   18,261
      Gain or (Loss) from sale of equipment                    -
             U.S. Trustee quarterly fees                       -
      Advertising/printing/mailing                             -
                                                  --------------
         Total reorganization items                       18,261
                                                  --------------
Net profit (loss) before federal &
   state taxes                                            66,114
   Federal & state income taxes                                -
                                                  --------------
Net profit (loss)                                        $66,114
                                                  ==============

                  Diocese of Davenport in Iowa
          Statement of Cash Receipts and Disbursements
             For the month ending February 29, 2008

Cash receipts
   Rent/Leases collected                                  $3,375
   Cash received from sales                                  944
   Interest received                                      22,306
   Borrowings increase in accounts payable                     -
   Funds from shareholders, partners,
      or other insiders (Sale of property)                     -
   Capital contributions                                       -
   Annual diocesan appeal/donations                      233,510
   Investment income/misc.                                     -
   Insurance receipts                                    100,816
   Tribunal/Immigration/Faith Formation fees              20,903
      Decrease in prepaids/accounts receivable           560,611
   Misc./Increase in accounts payable                          -
                                                  --------------
   Total Cash Receipts                                   942,465

Cash disbursements:
   Payments for inventory                                      -
   Selling                                                     -
   Administrative                                         62,100
   Capital expenditures                                   10,949
   Principal payments on debt                                  -
   Interest paid                                               -
   Rent/Lease:
      Personal Property                                      380
      Real Property                                            -
   Amount paid to owner(s)/officer(s)
      Salaries                                            12,209
      Draws                                                    -
      Commissions/Royalties                                    -
      Expense Reimbursements                                   -
      Other                                                    -
   Salaries/Commissions (less employee
      withholding                                         86,826
   Management fees                                             -
   Taxes
      Employee withholding                                23,796
      Employer payroll taxes                               6,843
      Real property taxes                                      -
      Other taxes                                              -
   Other cash outflows:
      Insurance                                           83,108
      Utilities                                           13,988
      Medical/Victim Assistance                            2,238
      Employee benefits                                   22,145
      Misc/Dec. in accts. payable, etc.                  607,999
                                                  --------------
   Total Cash Disbursements                              932,581
                                                  --------------
Net increase (decrease) in cash                            9,884

Cash balance, beginning of period                      2,118,408
                                                  --------------
Cash balance, end of period                           $2,128,292
                                                  ==============

                    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. 119;
Bankruptcy Creditors' Service Inc.; http://bankrupt.com/newsstand/
or 215/945-7000).


CATHOLIC CHURCH: Fairbanks Files Statement of Income & Expenses
---------------------------------------------------------------
In lieu of Schedules I and J of the Catholic Bishop of Northern
Alaska's schedules of assets and liabilities, and pursuant to
Rule 1007(b)(1) of the Federal Rules of Bankruptcy Procedure, the
Diocese delivered to the U.S. Bankruptcy Court for the District
of Alaska a statement of income and expenses for the period from
July 1, 2007 through December 31, 2007.

                      Diocese of Fairbanks
                     Statement of Activities
             From July 1, 2007 to December 31, 2007

Support and revenue:
   Parish assessments                                   $103,799
   Tuition, net of tuition assistance                  1,148,573
   Curricular income                                      48,581
   Donations                                           3,454,741
   Investment income                                     176,602
   Other income                                           93,774
   Grant income                                                -
                                                      ----------
   Total support and revenue                           5,026,072

Expenses:
   Operating expenses                                    720,238
   Supplies                                              169,876
   Repair and maintenance                                132,962
   Utilities                                             154,405
   Insurance                                              68,119
   Staff expenses
      Salaries and expenses                            2,114,432
      Payroll taxes                                      213,940
      Employee benefits                                  650,514
      Staff development/Misc.                             34,279
   Curricular expenses                                    89,035
   Recruiting, advertising and
      public relations                                     5,112
   Travel expenses                                       136,537
   Equipment and furniture                                 2,987
   Student related expenses                               50,207
   Contributions                                          55,805
   Professional and technical fees                       362,495
   Interest expense                                       24,677
   Subsidies                                             264,221
   Rental/Lease expense                                  185,285
   Assessments                                            20,869
   Fund Raising expense                                  241,742
   Radio programming expense                              19,378
   Radio technical dept. expenses                         48,002
   Miscellaneous expense                                  10,186
   Claims settlement                                           -

   Bad debt expense                                       13,529
   Restricted funds transferred                            5,758
                                                      ----------
      Total expenses                                   5,794,600
                                                      ----------
Increase (decrease) in net assets                     ($768,528)
                                                      ==========

                    About Diocese of Fairbanks

The Roman Catholic Diocese of Fairbanks in Alaska, aka Catholic
Bishop of Northern Alaska, aka Catholic Diocese of Fairbanks, aka
The Diocese of Fairbanks, aka CBNA filed for chapter 11 bankruptcy
on March 1, 2008 (Bankr. D. Alaska Case No. 08-00110).  Susan G.
Boswell, Esq., at Quarles & Brady LLP represents the Debtor in its
restructuring efforts.  Michael R. Mills, Esq., of Dorsey &
Whitney LLP serves as the Debtor's local counsel and Cook,
Schuhmann & Groseclose Inc. as its special counsel.  Judge Donald
MacDonald, IV, of the United States Bankruptcy Court for the
District of Alaska presides over Fairbanks' Chapter 11 case.  The
Debtor's schedules show total assets of $13,316,864 and total
liabilities of $1,838,719.   The church's exclusive plan filing
period expires on June 29, 2008.  (Catholic Church Bankruptcy
News, Issue No. 119; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


DANA CORPORATION: Files Operating Report for December 2007
----------------------------------------------------------
Dana Corporation and its debtor affiliates, by agreement with the
U.S. Trustee for Region 2, delivered to the Court a disbursement
schedule and abbreviated monthly operating report for the month
of December 2007, in lieu of the financial statements typically
provided with the Debtors' Monthly Operating Reports.

The Debtors disclose that settlement obligations relating to non-
pension retiree benefits for retirees and union employees and
long-term disability benefits for union claimants were satisfied
with cash payments of $788,000,000, to non-Dana sponsored
Voluntary Employee Benefits Association.  The Debtors also paid
Dana Credit Corporation $49,000,000, to settle DCC's general
unsecured claim against the Debtors.  Administrative claims,
priority tax claims and other classes of allowed claims of
$222,000,000, were satisfied by payment of cash at emergence.

In December 2007, the Debtors made disbursements totaling
$356,021,000:

   Debtor Entity                                Disbursements
   -------------                                -------------
   Dana Corporation                              $355,811,000
   Dana Risk Management Services, Inc.                178,000
   Reinz Wisconsin Gasket, LLC                          1,000
   Torque-Traction Manufacturing Technologies          31,000

                      About Dana Corporation

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
Nov. 30, 2007, the Debtors listed $7,131,000,000 in total assets
and $7,665,000,000 in total debts resulting in a total
shareholders' deficit of $534,000,000.

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, represented the Debtors.  Henry S. Miller at
Miller Buckfire & Co., LLC, served as the Debtors' financial
advisor and investment banker.  Ted Stenger from AlixPartners
served as Dana's Chief Restructuring Officer.

Thomas Moers Mayer, Esq., at Kramer Levin Naftalis & Frankel
LLP, represented the Official Committee of Unsecured Creditors.
Fried, Frank, Harris, Shriver & Jacobson, LLP served as counsel
to the Official Committee of Equity Security Holders.  Stahl
Cowen Crowley, LLC served 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.
Judge Burton Lifland of the U.S. Bankruptcy Court for the
Southern District of New York entered an order confirming the
Third Amended Joint Plan of Reorganization of the Debtors on
Dec. 26, 2007.

The Debtors' Third Amended Joint Plan of Reorganization was deemed
effective as of Jan. 31, 2008.  Dana Corp., starting on
the Plan Effective Date, operated as Dana Holding Corporation.

(Dana Corporation Bankruptcy News, Issue No. 73; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000)

                          *     *     *

As reported in the Troubled Company Reporter on Feb. 12, 2008,
Standard & Poor's Ratings Services assigned its 'BB-' corporate
credit rating to Toledo, Ohio-based Dana Holding Corp. following
the company's emergence from Chapter 11 on Feb. 1, 2008.  The
outlook is negative.

At the same time, Standard & Poor's assigned Dana's $650 million
asset-based loan revolving credit facility due 2013 a 'BB+' rating
(two notches higher than the corporate credit rating) with a
recovery rating of '1', indicating an expectation of very high
recovery in the event of a payment default.

In addition, S&P assigned a 'BB' bank loan rating to Dana's
$1.43 billion senior secured term loan with a recovery rating of
'2', indicating an expectation of average recovery.


DANA CORPORATION: Further Revises Schedules of Assets and Debts
---------------------------------------------------------------
Dana Corporation further revised its schedules of assets and
liabilities, disclosing these changes:

A.     Real Property                                $138,201,203
B.     Personal Property                           1,836,094,294

        TOTAL SCHEDULED ASSETS                    $1,974,295,497
        ========================================================

C.   Property Claimed as Exempt
D.   Secured Claim                                             0
E.   Unsecured Priority Claims                           $90,175
F.   Unsecured Non-priority Claims
        Accounts Payable                             184,201,246
        Litigation Claims & Disputes                Undetermined
        Intercompany-Debtor                          275,493,037
        Intercompany-Nondebtor                       496,392,849
        Unsecured Funded Debt                      1,633,993,211
        Additional Deferred Compensation              24,442,980
        Miscellaneous Payables                           486,637

        TOTAL SCHEDULED LIABILITIES               $2,615,100,135
        ========================================================

The further amended Schedules of Assets and Liabilities reflect
additional general unsecured claims totaling $64,929,617,
composed of:

   -- $40,000,000 of Intercompany Claims for non-debtors,
   -- $24,442,980 of additional deferred compensation claims, and
   -- $486,637 of claims for miscellaneous payables.

                      About Dana Corporation

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
Nov. 30, 2007, the Debtors listed $7,131,000,000 in total assets
and $7,665,000,000 in total debts resulting in a total
shareholders' deficit of $534,000,000.

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, represented the Debtors.  Henry S. Miller at
Miller Buckfire & Co., LLC, served as the Debtors' financial
advisor and investment banker.  Ted Stenger from AlixPartners
served as Dana's Chief Restructuring Officer.

Thomas Moers Mayer, Esq., at Kramer Levin Naftalis & Frankel
LLP, represented the Official Committee of Unsecured Creditors.
Fried, Frank, Harris, Shriver & Jacobson, LLP served as counsel
to the Official Committee of Equity Security Holders.  Stahl
Cowen Crowley, LLC served 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.
Judge Burton Lifland of the U.S. Bankruptcy Court for the
Southern District of New York entered an order confirming the
Third Amended Joint Plan of Reorganization of the Debtors on
Dec. 26, 2007.

The Debtors' Third Amended Joint Plan of Reorganization was deemed
effective as of Jan. 31, 2008.  Dana Corp., starting on
the Plan Effective Date, operated as Dana Holding Corporation.

(Dana Corporation Bankruptcy News, Issue No. 73; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000)

                          *     *     *

As reported in the Troubled Company Reporter on Feb. 12, 2008,
Standard & Poor's Ratings Services assigned its 'BB-' corporate
credit rating to Toledo, Ohio-based Dana Holding Corp. following
the company's emergence from Chapter 11 on Feb. 1, 2008.  The
outlook is negative.

At the same time, Standard & Poor's assigned Dana's $650 million
asset-based loan revolving credit facility due 2013 a 'BB+' rating
(two notches higher than the corporate credit rating) with a
recovery rating of '1', indicating an expectation of very high
recovery in the event of a payment default.

In addition, S&P assigned a 'BB' bank loan rating to Dana's
$1.43 billion senior secured term loan with a recovery rating of
'2', indicating an expectation of average recovery.


DURA AUTOMOTIVE: Incurs February 2008 Net Loss of $9,687,000
------------------------------------------------------------

         DURA Automotive Systems, Inc., and Subsidiaries
               Condensed Consolidated Balance Sheet
                    As of February 24, 2008
                   (In thousands of dollars)

                             ASSETS

Current assets:
  Cash and cash equivalents                             $4,940
  Accounts receivable, net
     Trade                                             104,179
     Other                                               6,789
     Non-Debtor subsidiaries                            33,998
  Inventories                                           46,612
  Other current assets                                  36,868
                                                    ----------
     Total current assets                              233,386
                                                    ----------

Property, plant and equipment, net                     126,097
Goodwill, net                                          178,611
Notes receivable from Non-Debtors subsidiaries         191,748
Investment in Non-Debtors subsidiaries                 790,647
Other noncurrent assets                                  9,892
                                                    ----------
Total Assets                                        $1,530,381
                                                    ==========

        LIABILITIES AND NET LIABILITIES IN LIQUIDATION

Current liabilities:
  Debtors-in-possession financing                     $165,668
  Accounts payable                                      48,441
  Accounts payable to Non-Debtors subsidiaries           2,943
  Accrued Liabilities                                   77,131
                                                    ----------
     Total current liabilities                         294,183
                                                    ----------
Long-term Liabilities:
  Notes Payable to Non-Debtors subsidiaries              9,582
  Other noncurrent liabilities                          45,632
Liabilities Subject to Compromise                    1,309,939
                                                    ----------
Total Liabilities                                    1,659,336

Stockholders' Investment                              (128,955)
                                                    ----------
Total Liabilities and Stockholders' Investment      $1,530,381
                                                    ==========

         DURA Automotive Systems, Inc., and Subsidiaries
     Condensed Unaudited Consolidated Statement of Operations
            For the Four Weeks Ended February 24, 2008
                     (In thousands of dollars)

Total sales                                            $59,331
Cost of sales                                           53,750
                                                    ----------
Gross (loss) profit                                      5,581

Selling, general and administrative expenses             5,416
Facility consolidation, asset impairment
  and other charges                                     (1,565)
Amortization expense                                        19
                                                    ----------
Operating (loss) income                                  1,711
Interest expense, net                                    3,672
                                                    ----------
Loss before reorganization items and income taxes       (1,961)
Reorganization items                                     7,702
                                                    ----------
Loss before income taxes                                (9,663)
Provision for income taxes                                  19
                                                    ----------
Loss from continuing operations                         (9,682)
Loss from discontinued operations                            5
                                                    ----------
Net Income (Loss)                                      ($9,687)
                                                    ==========

         DURA Automotive Systems, Inc., and Subsidiaries
   Condensed Unaudited Consolidated Statements of Cash Flows
           For the Four Weeks Ended February 24, 2008
                   (In thousands of dollars)

Operating Activities:
Net Income (loss)                                      ($9,687)
Adjustments to reconcile net loss to net cash used
  in operations activities:
     Depreciation, amortization & asset impairment       1,754
     Amortization of deferred financing fees               762
Facility consolidation and other charges                (1,565)
      (Gain)/Loss on sale of assets                        (13)
     Reorganization items                                7,702
Changes in other operating items:
  Accounts receivable                                  (23,932)
  Inventories                                            1,067
  Other current assets                                   1,933
  Noncurrent assets                                         85
  Accounts payable                                      11,807
  Accrued liabilities                                   (2,464)
  Noncurrent liabilities                                   (65)
  Current intercompany transactions                     (3,744)
                                                    ----------
Net cash provided by operating activities              (16,360)

Investing Activities:
Purchases of property, plant & equipment                (1,276)
Proceeds from sales of assets                               14
                                                    ----------
Net cash (used in) provided by
   investing activities                                 (1,262)

Financing Activities:
  DIP borrowings                                       (23,555)
  DIP Term repayments                                   45,586
  Debt issuance costs                                   (7,286)
                                                    ----------
Net cash used in financing activities                   14,745
Net Increase (Decrease) in Cash & Equivalents           (2,877)
Cash Flows from Discontinued Operations                      -

Cash & Cash Equivalent, Beginning Balance                7,817
                                                    ----------
Cash & Cash Equivalent, Ending Balance                  $4,940
                                                    ==========

                            About DURA

Rochester Hills, Mich.-based DURA Automotive Systems Inc.
(Nasdaq: DRRA) -- http://www.DURAauto.com/-- is an independent
designer and manufacturer of driver control systems, seating
control systems, glass systems, engineered assemblies,
structural door modules and exterior trim systems for the global
automotive industry.  The company is also a supplier of similar
products to the recreation vehicle and specialty vehicle
industries.  DURA sells its automotive products to North
American, Japanese and European original equipment manufacturers
and other automotive suppliers.

The company has three locations in Asia -- China, Japan and
Korea.  It has locations in Europe and Latin-America,
particularly in Mexico, Germany and the United Kingdom.

The Debtors filed for chapter 11 petition on Oct. 30, 2006
(Bankr. D. Del. Case No. 06-11202).  Marc Kieselstein, P.C.,
Esq., Roger James Higgins, Esq., and Ryan Blaine Bennett, Esq.,
at Kirkland & Ellis LLP are lead counsel for the Debtors'
bankruptcy proceedings.  Daniel J. DeFranseschi, Esq., and Jason
M. Madron, Esq., at Richards Layton & Finger, P.A. Attorneys are
the Debtors' co-counsel.  Baker & McKenzie acts as the Debtors'
special counsel.

Togut, Segal & Segal LLP is the Debtors' conflicts counsel.
Miller Buckfire & Co., LLC is the Debtors' investment banker.
Glass & Associates Inc., gives financial advice to the Debtor.
Kurtzman Carson Consultants LLC handles the notice, claims and
balloting for the Debtors and Brunswick Group LLC acts as their
Corporate Communications Consultants for the Debtors.

The Debtors have asked the Court to extend their plan filing
period to April 30, 2008.  The hearing on the revised disclosure
statement describing the Debtors' plan commenced on April 3, 2008.
The proposed date for the plan confirmation hearing is May 13,
2008.  (Dura Automotive Bankruptcy News, Issue No. 50; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000).


HANCOCK FABRICS: Posts $3,759,000 Net Loss Ended Feb. 2, 2008
-------------------------------------------------------------

              Hancock Fabrics, Inc. and Subsidiaries
                    Consolidated Balance Sheet
                      As of February 2, 2008

ASSETS
Current assets:
   Cash and cash equivalents                          $2,280,000
   Receivables, less allowance for
      doubtful accounts                                4,167,000
   Inventories                                        80,489,000
   Income taxes refundable                             8,118,000
   Prepaid expenses                                    1,748,000
                                                    ------------
   Total current assets                               96,802,000

Property and equipment                                43,683,000
Other assets                                          16,786,000
                                                    ------------
Total Assets                                        $157,271,000
                                                    ============

LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities not subject to compromise
   Accounts payable                                  $19,347,000
   Credit facility; DIP financing                     23,608,000
   Accrued liabilities                                 8,639,000
   Deferred tax liabilities                            6,273,000

Liabilities subject to compromise
   Accounts payable                                   28,743,000
   Accrued liabilities                                13,022,000
   Income taxes payable                                1,000,000
   Long-term lease financing obligations               1,672,000
   Capital lease obligations                           1,693,000
   Postretirement benefits other than pensions         9,531,000
   Pension and SERP liabilities                        8,557,000
   Other liabilities                                   9,630,000
                                                    ------------
Total Liabilities                                    131,715,000
Total Shareholders' Equity                            25,556,000
                                                    ------------
Total liabilities and shareholders' equity          $157,271,000
                                                    ============

             Hancock Fabrics, Inc., and Subsidiaries
               Consolidated Statement of Operations
               For the Month Ended February 2, 2008

Sales                                                $21,213,000
Cost of goods sold                                    11,957,000
                                                     -----------
Gross profit                                           9,256,000

Selling, general & admin expense                      11,128,000
Depreciation and amortization                            487,000
                                                     -----------
Operating income (loss)                               (2,359,000)

Reorganization expenses                                1,048,000
Interest expense, net                                    352,000
                                                     -----------
Earnings (loss) before income taxes                   (3,759,000)
Income taxes                                                   0
                                                     -----------
Net earnings (loss)                                  ($3,759,000)
                                                     ===========

             Hancock Fabrics, Inc., and Subsidiaries
               Consolidated Statement of Cash Flow
               For the Month Ended February 2, 2008

Cash flows from operating activities:
   Net earnings                                      ($3,759,000)
   Adjustments to reconcile net
   earnings to cash flows used in
   operating activities
      Depreciation and amortization                      315,000
      Amortization of deferred loan costs                 96,000
      LIFO charge (credit)                               497,000
      Reserve for store closings credits                  (9,000)
      Reserve for obsolete inventory                     118,000
      Reserve for sales returns and bad debts            (47,000)
      Stepped rent accrual                               415,000
      Impairment on property and equipment and
      other assets                                       269,000
      Loss on disposition of property and equipment       (9,000)
      Stock compensation expense                         333,000
   (Increase) decrease in assets
      Receivables and prepaid expenses                   547,000
      Inventory at current cost                          325,000
      Income tax refundable                              117,000
      Other non-current assets                          (281,000)
   Increase (decrease) in liabilities
      Accounts payable                                  (203,000)
      Accrued liabilities                               (929,000)
      Postretirement benefits other than pensions       (304,000)
      Long-term pension and SERP liabilities            (511,000)
      Reserve for store closings                          (2,000)
      Other liabilities                                  164,000
                                                       ---------
Net cash used in operating activities                 (2,858,000)

Cash flows from investing activities:
   Additions to property and equipment                (1,272,000)
   Proceeds from the disposition of property and
      equipment                                          (11,000)
                                                       ---------
Net cash used in investing activities                 (1,261,000)

Cash flows from financing activities:
   Net borrowings on revolving credit agreement        3,477,000
   Payments for lease financing                           (2,000)
   Payments for capital leases                            (3,000)
                                                       ---------
Net cash provided by financing activities              3,472,000
                                                       ---------
Decrease in cash and cash equivalents                   (647,000)
Cash, beginning of period                              2,927,000
                                                       ---------
Cash, end of period                                   $2,280,000
                                                       =========

                      About Hancock Fabrics

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 Debtors' exclusive period to file
a Chapter 11 Plan expires on May 30, 2008. (Hancock Fabric
Bankruptcy News, Issue No. 28, Bankruptcy Creditors' Service Inc.;
http://bankrupt.com/newsstand/or 215/945-7000).


HOMEBANC MORTGAGE: Posts $1,037,000 Net Loss in January 2008
------------------------------------------------------------

          HomeBanc Mortgage Corporation and Subsidiaries
               Unaudited Consolidated Balance Sheet
                      As of January 31, 2008

                              ASSETS

Cash                                                 $7,063,000
Restricted cash                                               0
Mortgage loans held for sale, net                     4,699,000
Mortgage loans held for investment, net                       0
Mortgage servicing rights                                     0
Receivable from custodian                                     0
Trading securities                                      500,000
Securities available for sale                                 0
Securities held to maturity                                   0
Accrued interest receivable                                   0
Premises and equipment, net                                   0
Goodwill, net                                                 0
Deferred tax asset, net                                       0
Accounts receivable from affiliates                           0
Investment in subsidiaries                                    0
Other Assets                                         13,363,000
                                                ---------------
TOTAL ASSETS                                        $25,625,000
                                                ===============

                       LIABILITIES & EQUITY

Warehouse lines of credit                                    $0
Repurchase agreements                                         0
Loan funding payable                                  1,478,000
Accrued interest payable                                      0
Accrued expenses                                      5,602,000
Other accounts payable                                        0
Accounts payable to affiliates                                0
Collaterized debt obligations                                 0
Junior subordinated debentures representing         175,260,000
  obligations for trust preferred securities
                                                ---------------
Total liabilities                                   182,340,000

Minority interest                                        64,000

Shareholders Equity:
  Preferred stock                                    47,992,000
  Common stock                                          571,000
  Additional paid-in capital                        278,865,000
  Accumulated deficit                              (466,303,000)
  Treasury stock                                    (17,904,000)
  Accumulated other comprehensive (loss) income               0
                                                ---------------
Total shareholder's equity                         (156,779,000)
                                                ---------------
TOTAL LIABILITIES & EQUITY                          $25,625,000
                                                ===============

          HomeBanc Mortgage Corporation and Subsidiaries
          Unaudited Consolidated Statement of Operations
               For the Month Ended January 31, 2008

REVENUES
MBS interest income                                    $131,000
Other miscellaneous income                               48,000
                                                ---------------
Total revenues                                          179,000

EXPENSES
Professionals                                           638,000
Insurance                                                     0
Contract personnel                                       14,000
Data facility                                                 0
Compensation and benefits                               156,000
Financial systems                                        77,000
Medical insurance run-off payments                       80,000
Loan sales expense                                       53,000
U.S. trustee fees                                        32,000
Office rental                                                 0
Other misc. operating expenses                          166,000
                                                ---------------
Total expenses                                        1,216,000
                                                ---------------
Income tax expense                                            0
                                                ---------------
Net loss                                            ($1,037,000)
                                                ===============

          HomeBanc Mortgage Corporation and Subsidiaries
               Consolidated Statement of Cash Flows
          For the 1 Month Period Ended January 31, 2008

OPERATING ACTIVITIES
Net loss                                            ($1,037,000)

Adjustments to reconcile net loss to net cash
  (used in) provided by operating activities:
  (Increase) decrease in mortgage loans held for        712,000
    sale, net
  Decrease (interest) in other assets                    (3,000)
  Decrease in other liabilities                           2,000
                                                ---------------
Net cash (used in) provided by operating               (326,000)
  activities

INVESTING ACTIVITIES
Net cash provided by (used in) investing                      0
  activities

FINANCING ACTIVITIES
Net cash (used in) provided by financing                      0
  activities
                                                ---------------
Net increase (decrease) in cash                        (326,000)
Cash and cash equivalents at beginning of period     20,987,000
                                                ---------------
Cash and cash equivalents at end of period          $20,661,000
                                                ===============

                     About HomeBanc Mortgage

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. 21;
Bankruptcy Creditors' Services Inc. http://bankrupt.com/newsstand/
or 215/945-7000).


HOMEBANC MORTGAGE: Posts $1,365,000 Net Loss in February 2008
-------------------------------------------------------------

          HomeBanc Mortgage Corporation and Subsidiaries
               Unaudited Consolidated Balance Sheet
                     As of February 29, 2008

                             ASSETS

Cash                                                 $7,153,000
Restricted cash                                               0
Mortgage loans held for sale, net                     4,282,000
Mortgage loans held for investment, net                       0
Mortgage servicing rights                                     0
Receivable from custodian                                     0
Trading securities                                      500,000
Securities available for sale                                 0
Securities held to maturity                                   0
Accrued interest receivable                                   0
Premises and equipment, net                                   0
Goodwill, net                                                 0
Deferred tax asset, net                                       0
Accounts receivable from affiliates                           0
Investment in subsidiaries                                    0
Other Assets                                         13,362,000
                                                ---------------
TOTAL ASSETS                                        $25,297,000
                                                ===============

                       LIABILITIES & EQUITY

Warehouse lines of credit                                    $0
Repurchase agreements                                         0
Loan funding payable                                  1,478,000
Accrued interest payable                                      0
Accrued expenses                                      5,602,000
Other accounts payable                                        0
Accounts payable to affiliates                                0
Collaterized debt obligations                                 0
Junior subordinated debentures representing         175,260,000
  obligations for trust preferred securities
                                                ---------------
Total liabilities                                   182,340,000

Minority interest                                        64,000

Shareholders Equity:
  Preferred stock                                    47,992,000
  Common stock                                          571,000
  Additional paid-in capital                        278,865,000
  Accumulated deficit                              (466,631,000)
  Treasury stock                                    (17,904,000)
  Accumulated other comprehensive (loss) income               0
                                                ---------------
Total shareholder's equity                         (157,107,000)
                                                ---------------
TOTAL LIABILITIES & EQUITY                          $25,297,000
                                                ===============

          HomeBanc Mortgage Corporation and Subsidiaries
          Unaudited Consolidated Statement of Operations
               For 2 Months Ended February 29, 2008

REVENUES
MBS interest income                                    $315,000
Other miscellaneous income                               99,000
                                                ---------------
Total revenues                                          414,000

EXPENSES
Professionals                                           843,000
Insurance                                                     0
Contract personnel                                       44,000
Data facility                                                 0
Compensation and benefits                               312,000
Financial systems                                        77,000
Medical insurance run-off payments                      208,000
Loan sales expense                                       78,000
U.S. trustee fees                                        32,000
Office rental                                                 0
Other misc. operating expenses                          185,000
                                                ---------------
Total expenses                                        1,779,000
                                                ---------------
Income tax expense                                            0
                                                ---------------
Net loss                                            ($1,365,000)
                                                ===============

          HomeBanc Mortgage Corporation and Subsidiaries
               Consolidated Statement of Cash Flows
          For the 2 Month Period Ended February 29, 2008

OPERATING ACTIVITIES
Net loss                                            ($1,365,000)

Adjustments to reconcile net loss to net cash
  (used in) provided by operating activities:
  (Increase) decrease in mortgage loans held for      1,129,000
    sale, net
  Decrease (interest) in other assets                    (2,000)
  Decrease in other liabilities                           2,000
                                                ---------------
Net cash (used in) provided by operating               (236,000)
  activities

INVESTING ACTIVITIES
Net cash provided by (used in) investing                      0
  activities

FINANCING ACTIVITIES
Net cash (used in) provided by financing                      0
  activities
                                                ---------------
Net increase (decrease) in cash                        (236,000)
Cash and cash equivalents at beginning of period     20,987,000
                                                ---------------
Cash and cash equivalents at end of period          $20,751,000
                                                ===============

                     About HomeBanc Mortgage

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. 21;
Bankruptcy Creditors' Services Inc. http://bankrupt.com/newsstand/
or 215/945-7000).


INTERSTATE BAKERIES: Posts $16,493,079 Loss in Month Ended Feb. 9
-----------------------------------------------------------------

       Interstate Bakeries Corporation and Subsidiaries
        Unaudited Consolidated Monthly Operating Report
              Four Weeks Ended February 9, 2008

REVENUE

Gross Income                                        $209,727,145
Less Cost of Goods Sold
   Ingredients, Packaging & Outside Purchasing        58,393,428
   Direct & Indirect Labor                            35,351,672
   Overhead & Production Administration               11,243,646
                                                   -------------
      Total Cost of Goods Sold                       104,988,746
                                                   -------------
          Gross Profit                               104,738,399
                                                   =============
OPERATING EXPENSES

Owner-Draws/Salaries                                           -
Selling & Delivery Employee Salaries                  49,456,121
Advertising and Marketing                              3,128,639
Insurance (Property, Casualty, & Medical)             11,253,892
Payroll Taxes                                          3,943,993
Lease and Rent                                         2,893,038
Telephone and Utilities                                1,672,539
Corporate Expense (Including Salaries)                 7,257,400
Other Expenses                                        29,287,804
                                                   -------------
     Total Operating Expenses                        108,893,426
                                                   -------------
EBITDA                                                (4,155,027)

Restructuring & Reorganization Charges                 3,988,974
Depreciation and Amortization                          5,195,750
Abandonment                                               56,546
Property & Equipment Impairment                                -
Other( Income)/Expense                                   (15,749)
Gain/Loss Sale of Property                                     -
Interest Expense                                       3,450,597
                                                   -------------
     Operating Income (Loss)                         (16,831,145)
Income Tax Expense (Benefit)                            (338,066)
                                                   -------------
NET Income (Loss)                                   ($16,493,079)
                                                   =============

CURRENT ASSETS
   Accounts Receivable at end of period             $133,680,801
   Increase (Dec.) in Accounts Receivable              9,063,773
   Inventory at end of period                         53,747,240
   Increase (Decrease) in Inventory for period           871,016
   Cash at end of period                               2,236,597
   Increase (Decrease) in Cash for period             (4,118,556)
   Restricted Cash                                    20,921,729
   Increase (Dec.) in Restricted Cash for period               -

LIABILITIES
   Increase (Decrease) in Liabilities
      Not Subject to Compromise                       13,845,771
   Increase (Decrease) in Liabilities
      Subject to Compromise                               22,710
   Taxes payable:
      Federal Payroll Taxes                            4,133,725
      State/Local Payroll Taxes                        4,858,313
      State Sales Taxes                                  678,118
      Real Estate and Personal Property Taxes          6,349,552
      Other                                            3,947,462
                                                   -------------
      Total Taxes Payable                            $19,967,170
                                                   =============

                     About Interstate Bakeries

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 eight of its subsidiaries and 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.  On Jan. 25, 2008,
the Debtors filed their First Amended Plan and Disclosure
Statement.  On Jan. 30, 2008, the Debtors received Court approval
of the First Amended Disclosure Statement.

IBC confirmed that it has not received any qualifying alternative
proposals for funding its plan of reorganization in accordance
with the Court-approved alternative proposal procedures.  As a
result, no auction was held on Jan. 22, 2008, as would have been
required under those procedures.  The deadline for submission of
alternative proposals was Jan. 15, 2008.  Plan confirmation
hearing commences on April 23, 2008.   (Interstate Bakeries
Bankruptcy News, Issue No. 93; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


LEVITZ FURNITURE: Posts $4,722,000 Loss in Period Feb. 4 - March 2
------------------------------------------------------------------

                           PLVTZ, Inc.
                          Balance Sheet
                        As of March 2, 2008

ASSETS
  Current Assets
  Cash                                             $5,158,000
  Accounts receivable, net                          2,110,000
                                                 ------------
  Total current assets                              7,267,000

Other assets                                        9,655,000
                                                 ------------
  TOTAL ASSETS                                    $16,922,000
                                                 ============

               Liabilities and Shareholders' Equity

Liabilities Not Subject to Compromise
  Current Liabilities:
     Accounts payable trade                        $5,585,000
     Accrued expenses                               3,013,000
     Customer Deposits                                829,000
                                                 ------------
     Total current liabilities                      9,427,000

Liabilities Subject to Compromise
  Term loan B                                      20,715,000
  Trade and other miscellaneous claims             55,544,000
  Customer Deposit                                  2,258,000
                                                 ------------
  Total                                            78,517,000
                                                 ------------
     TOTAL LIABILITIES                             87,944,000
                                                 ============

Shareholder's (deficit):
     Preferred stock                               47,000,000
     Class A Common stock                         139,030,000
     Class B Common stock                          10,000,000
     Retained (deficit)                          (267,052,000)
                                                 ------------
     Shareholder's deficit                        (71,022,000)

     TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT    $16,922,000
                                                 ============

                            PLVTZ, Inc.
                      Statement of Operations
             For the period February 4 to March 2, 2008

Selling, operating and administrative Expenses     $1,474,000
Reorganization costs                                3,248,000
                                                 ------------
Net (Loss)                                        ($4,722,000)
                                                 ============

                             PLVTZ, Inc.
                        Statement of Cash Flows
            For the period February 4 to March 2, 2008

Cash flows used in operating activities:
  Cash received from customers                     $3,773,000
  Cash received from Sales Agent                    8,375,000
  Cash paid to suppliers and employees            (19,917,000)
                                                 ------------
  Net cash used in operating activities            (7,769,000)
                                                 ============

Net decrease in cash and cash equivalents          (7,769,000)
Cash and cash equivalents at beginning of month    12,927,000
                                                 ------------
Cash and cash equivalents at end of month          $5,158,000
                                                 ============

                   About Levitz Furniture/PVLTZ

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 Debtor's schedules show total
assets of $123,842,190 and total liabilities of $76,421,661.   The
Debtors' exclusive period to file a chapter 11 plan expired on
March 7, 2008.  (Levitz Bankruptcy News, Issue No. 38; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000).


PERFORMANCE TRANS: Posts $3,689,000 Net Loss in February 2008
-------------------------------------------------------------

          Performance Logistics Group and subsidiaries
               Unaudited Consolidated Balance Sheet
                     As of February 29, 2008

Assets
Current Assets:
   Cash, cash equivalents and marketable
      securities                                      $4,310,000
   Deposits                                            1,441,000
   Restricted Cash                                     3,545,000
   Receivables customer                               17,572,000
   allowance for doubtful accounts                      (317,000)
   Receivables other                                   1,188,000
   Inventory                                           1,956,000
   Work in process                                       672,000
   Prepayments and other current assets                9,075,000
                                                     -----------
      Total current assets                            39,442,000

   Property and equipment                             53,434,000
   Accumulated depreciation                          (16,169,000)
                                                     -----------
   Total property and equipment                       37,265,000

   Other Assets:
   Other                                                  16,000
   DIP Financing Costs(2007)                           1,534,000
   Amortization of DIP 2007 financing costs             (603,000)
   Debt Financing Costs(2007)                          8,436,000
   Amortization of debt financing costs               (8,436,000)
   Goodwill                                                    -
   Debt Costs(DIP)                                     1,079,000
   Amortization of debt costs                         (1,079,000)
   Jr. DIP Debt Costs                                    140,000
   Amortization of Jr DIP debt costs                    (140,000)
   Debt Costs(Prepetition)                             8,790,000
   Amortization of debt costs                         (8,790,000)
                                                     -----------
      Total other assets                                 947,000
                                                     -----------
   Total assets                                      $77,653,000
                                                     ===========

Liabilities and Equity
Current Liabilities not Subject to Compromise:
   Current portion of debt - prepetition 1st lien    $49,625,000
   Current portion of debt                            16,500,000
   Current portion of accrued interest on debt           817,000
   Current portion of long-term equipment leases       1,843,000
   Accounts payable                                    4,865,000
   Accrued workman's compensation                     21,349,000
   Accrued cargo damage claims                         1,090,000
   Accrued payroll and benefits                        9,821,000
   Accrued liabilities                                10,463,000
   Accrued taxes                                         462,000
                                                     -----------
      Total current liabilities                      116,835,000

Long Term Liabilities NOT Subject to Compromise:
   Long-term debt, less current portion                        -
   Long-term equipment leases                          1,543,000
   Shareholder, other notes & leases payable                   -
                                                     -----------
   Total long term liabilities                         1,543,000

Liabilities Subject to Compromise:
   Prepetition - 2nd lien debt                        35,000,000
   Prepetition - accrued interest
   Prepetition - accounts payable                      4,337,000
   Prepetition - accrued liabilities
                                                     -----------
   Total liabilities subject to compromise            39,337,000

Deferred compensation                                          -
Deferred income taxes                                  1,219,000
                                                     -----------
      Total liabilities                              158,934,000

Stockholders' Equity:
   Common Stock $0.01 par value; 100,000 shares            1,000
   Additional paid-in capital                         19,416,000
   Restricted Stock                                            -
   Currency Exchange                                   2,306,000
   Retained earnings                                (103,004,000)
                                                     -----------
      Total stockholders' equity                     (81,281,000)
                                                     -----------
Total liabilities and stockholders' equity           $77,653,000
                                                     ===========

          Performance Logistics Group and subsidiaries
         Unaudited Consolidated Statements of Operations
              For the Month Ended February 29, 2008

Transportation Revenue                               $20,469,000
   Plus Fuel Surcharge                                 2,428,000
                                                     -----------
Revenue                                               22,898,000

Operating Expenses
   Driver Wages and Benefits                          10,592,000
   Claims and Transportation Expenses                  1,176,000
   Maintenance                                         3,032,000
   Fuel                                                4,440,000
      Memo; Fuel Surcharge (2,428,000)
   Terminal Costs                                      2,674,000
   Depreciation                                          861,000
   Direct Fixed                                        1,107,000
   Discontinued Operations                                     -
   Vehicle Movement                                            -
   Management Fee and Expenses                                 -
   Corporate Overhead (less Depreciation)                890,000
                                                     -----------
Total Operating Costs                                 24,772,000
   Other Income/(Expenses)                                     -
                                                     -----------
Operating Income                                      (1,875,000)
                                                     -----------
EBITDA                                                (1,013,000)

Less
   Amortization of Capital Access Fee and Taxes
      included in EBITDA                                       -
   Interest Expense                                    1,255,000
   Professional Fees and Restructuring                   311,000
   Goodwill Impairment                                         -
   Non-Operating Income/(Expense)                       (125,000)
                                                     -----------
Pretax Income                                         (3,565,000)
   Income Tax (Est.)                                     124,000
                                                     -----------
NET INCOME (LOSS)                                     (3,689,000)
   Reorganization Items                                        -
                                                     -----------
NET INCOME (LOSS)                                    ($3,689,000)
                                                     ===========

           Performance Logistics Group and subsidiaries
          Unaudited Consolidated Statement of Cash Flows
                   Y.T.D. Ending February 29, 2008

Cash flows from operating activities
(includes fresh start)

Net Income                                           ($7,064,000)

Adjustments to reconcile net income to
net cash flows provided by operations:
   Depreciation and amortization                       1,716,000
   Gain (loss) on disposal of property
      and equipment                                     (153,000)
   Goodwill impairment                                         -
   Cost of debt financing (retired)                            -
   Amortization of debt financing (DIP)                  510,000
   Amortization of capital access fee                          -
   Non cash interest (PIK)                                     -
   Deferred income taxes                                  11,000
   Deferred compensation                                       -
   Non cash reorganization costs                               -
   Changes in assets and liabilities:
      (Increase) decrease in accounts receivable      (2,785,000)
      (Increase) decrease in other current assets       (745,000)
      Increase/(decrease) in accounts payable            398,000
      (Increase)/decrease in other assets and
         liabilities                                     693,000
                                                     -----------
   Net cash provided by operating activities          (7,420,000)

Cash flows from investing activities
   Property and equipment                               (324,000)
   Restricted cash                                       (31,000)
   Proceeds from disposal of property and equipment            -
                                                     -----------
   Net cash provided by (used in)                       (355,000)
      investing activities

Cash flows from financing activities
   Repayment of debt                                           -
   Borrowings under debt agreement                             -
   Net borrowings (repayments) under
      revolving credit facilities                              -
   Payments on capital lease obligations                (209,000)
   Acquisition of capital leases                               -
   Acquisition of debt costs                            (704,000)
                                                     -----------
   Net cash used in financing activities                (913,000)
                                                     -----------
   Net increase (decrease) in cash                    (8,688,000)
   Effect of exchange rate on cash
      and cash equivalents                               428,000
   Cash at beginning of period                        14,010,000
                                                     -----------
   Cash and cash equivalents at end of period         $5,751,000
                                                     ===========

                 About Performance Transportation

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 U.S. Bankruptcy Court for the Western District of New
York 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 restructuring 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 and balloting
agent is Kutzman Carson Consultants LLC.  The Debtors have until
April 15, 2008, to file a plan of reorganization.  (Performance
Bankruptcy News, Issue No. 42; Bankruptcy Creditors' Services
Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


PRC LLC: Discloses February 2008 Net Loss of $7,941,000
-------------------------------------------------------

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

                              ASSETS
Current Assets:
   Cash and cash equivalents                         $18,319,000
   Short-term investments                                      0
   Accounts receivable -- customers                   67,400,000
   Accounts receivable -- intercompany                         0
   Total inventories                                           0
   Prepaid & other current assets                      8,605,000
                                                    ------------
      Total current assets                            94,324,000
                                                    ------------
Total investments & other assets                       7,557,000
Goodwill & other intangible assets                   189,436,000
Property, plant and equipment, net                    45,136,000
                                                   -------------
Total Assets                                        $336,453,000
                                                    ============

              LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities Not Subject to Compromise:
   Senior Credit Facility                                     $0
   DIP Credit Agreement                                        0
   Long-term debt classified as current                        0
   Accrued interest payable                                    0
   Accounts payable -- trade                          13,772,000
   Accounts payable -- intercompany                            0
   Other payables and accrued liabilities                      0
   Deferred income taxes                                       0
   Pension and other liabilities                               0
                                                    ------------
   Total liabilities not subject to compromise        13,772,000
                                                    ------------
Liabilities Subject to Compromise:
   Senior Notes                                      180,850,000
   Revolver                                            5,500,000
   Deferred financing fees                                     0
   Accrued interest payable on Senior Notes            1,512,000
   Accounts payable                                   35,133,000
   Other payables and accrued liabilities             20,938,000
   Pension and other liabilities                               0
                                                    ------------
      Total liabilities subject to compromise        243,933,000
                                                    ------------
   Total Liabilities                                 257,705,000
                                                    ============
Stockholders' Equity
   Equity of subsidiaries
   Common stock/initial capitalization               127,169,000
   Capital Surplus/Treasury Stock/APIC                11,355,000
   Retained earnings(deficit)                        (62,579,000)
   Minimum pension liability adjustment                        0
   Other adjustments                                    (580,000)
   Unearned compensation                               3,383,000
                                                    ------------
   Total Stockholders' Equity                         78,748,000
                                                    ------------
Total Liabilities & Stockholders' Equity            $336,453,000
                                                    ============

                        PRC, LLC, et al.
                     Statement of Operations
           For the Period From Jan. 24 to Feb. 29, 2008

Total sales                                          $46,248,000
                                                    ------------
Cost of sales -- Direct                               34,304,000
Cost of sales -- Indirect                              8,380,000
                                                    ------------
   Gross profit                                        3,564,000
                                                   -------------
Selling and administrative expenses
   Selling and advertising expense                       263,000
   Warehousing and shipping                               97,000
   Division administrative expense                             0
   MIS expense                                           207,000
   Corporate administrative expense                    2,855,000
                                                   -------------
      Total Selling and administrative expense         3,422,000
                                                    ------------
Restructuring and impairment charge                            0
Goodwill impairment charge                                     0
Depreciation and amortization expense                  4,099,000
                                                   -------------
Loss from Operations                                  (3,957,000)
                                                   -------------
Interest expense
   Interest expense -- outside                         1,512,000
   Capitalized interest expense                                0
   Interest expense -- intercompany                            0
   Interest income                                       (44,000)
   Interest income -- intercompany                             0
                                                   -------------
Net interest expense                                   1,468,000
                                                   -------------
Other expense:
   Miscellaneous                                               0
   Royalties -- intercompany                                   0
   Transaction gain/loss                                       0
                                                   -------------
      Total other expense                                      0
                                                   -------------
Other income:
   Royalties -- intercompany                                   0
   Dividends                                                   0
   Sale of assets                                              0
   Miscellaneous                                               0
                                                   -------------
      Total other income                                       0
                                                   -------------
Net other expense                                              0
                                                   -------------

Loss before reorganization expenses and
income taxes(benefits) and
extraordinary items                                   (5,425,000)
                                                   -------------
Reorganization expenses                                2,516,000
Income taxes(benefits)                                         0
                                                   -------------
Loss before extraordinary item                        (7,941,000)
Extraordinary items                                            0
                                                   -------------
Net loss                                             ($7,941,000)
                                                    ============

                          PRC, LLC, et al.
                     Statement of Cash Flows
         For the Period From Jan. 24 to Feb. 29, 2008

Cash flows from Operations:
Net income(loss)                                    ($7,941,000)
Non-cash items
  Depreciation and amortization expense                4,099,000
Changes in Assets and Liabilities
  Decrease/(increase) -- accounts receivable
     (customers)                                        (248,000)
  Decrease/(increase) -- receivable (intercompany)             0
  Decrease/(increase) -- inventories                           0
  Decrease/(increase) -- other current assets           (630,000)
  Decrease/(increase) -- other noncurrent assets         (85,000)
  Increase/(decrease) -- accounts payable (trade)     13,604,000
  Increase/(decrease) -- accounts payable
     (intercompany)                                            0
  Increase/(decrease) -- accrued liabilities          (1,868,000)
  Increase/(decrease) -- accrued interest payable              0
  Increase/(decrease) -- pension and other
     liabilities                                               0
  Increase/(decrease) -- deferred federal
     income tax                                                0
                                                   -------------
Total Cash Flows from Operations                       6,931,000
                                                   -------------

Cash Flows from Investing:
   Decrease/(increase) -- short term investments               0
   Capital expenditures                                 (582,000)
   Transfers                                                   0
   Net proceeds from sale of assets                            0
                                                   -------------
Total Cash Flows from Investing                         (582,000)
                                                   -------------

Cash Flows from Financing:
   Increase/(decrease) -- DIP credit agreement                 0
                                                   -------------
Total Cash Flows from Financing                               0
                                                   -------------

Beginning Cash Balance                                11,970,000
Change in Cash                                         6,349,000
                                                   -------------
Ending Cash Balance                                  $18,319,000
                                                   =============

                         About PRC LLC

Founded in 1982 and based in Fort Lauderdale, Florida, PRC, LLC --
http://www.prcnet.com/-- is a leading provider of customer
management solutions.  PRC markets its services to brand-focused,
Fortune 500 U.S. corporations and delivers these services through
a global network of call centers in the U.S., Philippines, India,
and the Dominican Republic.

PRC is the sole member of each of PRC B2B, LLC, and Precision
Response of Pennsylvania, LLC, and the sole shareholder of Access
Direct Telemarketing, Inc., each of which is a debtor and debtor-
in-possession in PRC's joint Chapter 11 cases.

Panther/DCP Intermediate Holdings, LLC, is the sole member of
PRC.

PRC, together with its operating subsidiaries PRC B2B, Access
Direct, and PRC PA, is a leading provider of complex,
consultative, outsourced services in the Customer Care and Sales
& Marketing segments of the business process outsourcing
industry.  Since 1982, the company has acquired and grown
customer relationships for some of the world's largest and most
brand-focused corporations in the financial services, media,
telecommunications, transportation, and retail industries.

The company and four of its affiliates filed for Chapter 11
protection on Jan. 23, 2008 (Bankr. S.D.N.Y. Lead Case No. 08-
10239).  Alfredo R. Perez, Esq., at Weil, Gotshal & Manges, LLP,
represents the Debtors in their restructuring efforts.  The
Debtors chose Stephen Dube, at CXO LLC, as their restructuring and
turnaround advisor.  Additionally, Evercore Group LLC provides
investment and financial counsel to the Debtors.

The Debtors' consolidated financial condition as of Dec. 31, 2007
showed total assets of $354,000,000 and total debts of
$261,000,000.

The Debtors submitted to the Court a Chapter 11 Plan of
Reorganization on Feb. 12, 2008.  (PRC LLC Bankruptcy News, Issue
No. 8; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


PROPEX INC: Incurs $1,100,000 Net Loss in Month Ended Feb. 3, 2008
------------------------------------------------------------------

                           Propex Inc.
          Unaudited Condensed Consolidated Balance Sheet
                     As of February 3, 2008

ASSETS

Current assets:
   Cash and cash equivalents                        $22,200,000
   Restricted cash                                      700,000
   Accounts receivable, net                          85,100,000
   Accounts Receivable Claims - prepetition            (200,000)
   Inventories, net                                 136,000,000
   Deferred income taxes                              9,000,000
   Prepaid expenses and other current assets         23,800,000
   Assets held for sale                               7,400,000
                                                    -----------
Total current assets                                284,000,000

Other assets:
   Goodwill                                           9,100,000
   Intangible assets, net                            23,900,000
   Deferred income taxes                                      -
   Investment in Subsidiaries                                 -
   Intercompany Notes Receivable                              -
   Other assets                                      11,100,000
                                                    -----------
Property, plant and equipment, net                  225,500,000
                                                    -----------
Total assets                                       $553,600,000
                                                    ===========

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
Prepetition
   Accounts payable                                 $15,000,000
   Accrued liabilities                                1,100,000
   Current portion of debt and accrued interest     378,000,000
   Accrued pension obligations                                -
   Restructuring and other similar costs                700,000
   Other current liabilities                          1,200,000
Postpetition
   Accounts payable                                  23,200,000
   Accrued liabilities                               20,000,000
   Current portion of debt and accrued interest       6,900,000
   Accrued pension obligations                                -
   Restructuring and other similar costs                500,000
   Other current liabilities                          1,700,000
                                                    -----------
Total current liabilities                           448,300,000

Non-Current liabilities:
Prepetition
   Accrued pension and other postretirement          24,700,000
     benefit liabilities
   Other non-current liabilities                              -
Postpetition
   Intercompany Notes Payable                                 -
   Debt, less current portion                                 -
   Deferred income taxes                             11,600,000
   Accrued pension and other postretirement          26,400,000
     benefit liabilities
   Other non-current liabilities                      1,400,000
                                                    -----------
Total non-current liabilities                        64,100,000

Total stockholder's equity:
   Common stock                                               -
   Paid In Capital                                   96,200,000
   Accumulated Other Comprehensive income            17,800,000
   Retained Earnings - Prior Year                   (71,700,000)
   Retained Earnings - Current Year                  (1,100,000)
                                                    -----------
Total stockholder's equity                           41,200,000
                                                    -----------
Total liabilities and stockholder's equity         $553,600,000
                                                    ===========

                           Propex Inc.
     Unaudited Condensed Consolidated Statement of Operations
               For Month Ended February 3, 2008

Net revenue                                         $52,800,000
Cost of sales                                        41,900,000
                                                    -----------
   Gross profit                                      10,900,000

Operating expenses:
   Selling, general and administrative                6,400,000
   Other expense, net                                  (100,000)
   Add Back Depreciation and Amortization             2,700,000

EBITDA                                                7,300,000

Depreciation & Amortization                           2,700,000
Interest expense                                      3,100,000
Restructuring and Similar Costs                       1,500,000
Other Non Operating expense
   Impairment of goodwill                                     -
   Impairment of other intangibles                            -
   Impairment of property, plant and equipment                -
   Pension curtailment, net of settlement loss                -
   Debt Forgiveness                                           -
   Other                                                      -
Equity Loss from Sub Earnings                                 -

Income before income taxes                                    0
   Income tax provision                               1,100,000
                                                    -----------
Net income                                          ($1,100,000)
                                                    ===========

                           Propex Inc.
    Unaudited Condensed Consolidated Statement of Cash Flows
                 For Month Ended February 3, 2008

Cash Flows from Operating Activities:
   Net income (loss)                                ($1,100,000)
   Adjustments to reconcile net loss to net
     Depreciation and amortization                    2,700,000
     None Cash Interest on Debt                               -
     Amortization of bank fees                                -
     Net gain on dispositions of property                     -
       and equipment
     Stock-based Compensation                                 -
     Impairment of property, plant and equipment              -
     Impairment of goodwill                                   -
     Impairment of other intangibles                          -
     Pension and Post Retirement Benefit Cost          (100,000)
     Deferred income taxes                                    -
   Changes in operating assets and liabilities
     Increase in assets - Prepetition                   200,000
     Increase in assets - Postpetition              (13,600,000)
     Increase in liabilities - Prepetition           18,000,000
     Increase in liabilities - Postpetition
(17,400,000)
                                                    -----------
Net cash provided by operating activities           (11,300,000)

Cash flows from investing activities
   Capital expenditures                                (400,000)
   Proceeds from sale of property and equipment               -
   Acquisition of business                                    -
                                                    -----------
   Net cash used in investing activities               (400,000)

Cash flows from financing activities
   Payments if long-term debt principal              (2,800,000)
   Proceeds from issuance of debt                     4,700,000
   Debt issuance costs                                        -
   Dividends from unconsolidated Parent                       -
   Net receipts from unconsolidated Parent            1,500,000
   Net payments of affiliate debt                             -
                                                    -----------
   Net cash provided by financing activities          3,400,000
   Effect of changes in foreign exchange rates         (700,000)
     on cash and cash equivalents

   Change in cash and cash equivalents               (9,000,000)
   Cash and cash equivalents - beginning of period   31,200,000
                                                    -----------
   Cash and cash equivalents - end of period        $22,200,000
                                                    ===========

                           About Propex

Headquartered in Chattanooga, Tennessee, Propex Inc. --
http://www.propexinc.com/-- produces geosynthetic, concrete,
furnishing, and industrial fabrics and fiber.  It is produces
primary and secondary carpet backing.  Propex operates in North
America, Europe, and Brazil.

The company and its debtor-affiliates filed for Chapter 11
protection on Jan. 18, 2008 (Bankr. E.D. Tenn. Case No. 08-10249).
The debtors' has selected Edward L. Ripley, Esq., Henry J. Kaim,
Esq., and Mark W. Wege, Esq. at King & Spalding, in Houston,
Texas, to represent them.  As of Sept. 30, 2007, the debtors'
balance sheet showed total assets of $585,700,000 and total debts
of $527,400,000.  The Debtors' exclusive period to file a plan of
reorganization expires on May 17, 2008.

(Propex Bankruptcy News, Issue No. 8; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000)


PROPEX INC: Incurs $100,000 Net Loss in Month Ended March 2, 2008
-----------------------------------------------------------------

                           Propex Inc.
          Unaudited Condensed Consolidated Balance Sheet
                       As of March 2, 2008

ASSETS

Current assets:
   Cash and cash equivalents                        $31,400,000
   Restricted cash                                      700,000
   Accounts receivable, net                          90,800,000
   Accounts Receivable Claims - prepetition            (200,000)
   Inventories, net                                 149,800,000
   Deferred income taxes                              9,100,000
   Prepaid expenses and other current assets         23,800,000
   Assets held for sale                               7,400,000
                                                    -----------
Total current assets                                312,800,000

Other assets:
   Goodwill                                           9,100,000
   Intangible assets, net                            23,600,000
   Deferred income taxes                                      -
   Investment in Subsidiaries                                 -
   Intercompany Notes Receivable                              -
   Other assets                                      11,900,000
                                                    -----------
Property, plant and equipment, net                  225,400,000
                                                    -----------
Total assets                                       $582,800,000
                                                    ===========

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
Prepetition
   Accounts payable                                 $14,700,000
   Accrued liabilities                                  500,000
   Current portion of debt and accrued interest     382,600,000
   Accrued pension obligations                                -
   Restructuring and other similar costs                700,000
   Other current liabilities                                  -
Postpetition
   Accounts payable                                  20,000,000
   Accrued liabilities                               20,300,000
   Current portion of debt and accrued interest      34,900,000
   Accrued pension obligations                                -
   Restructuring and other similar costs                500,000
   Other current liabilities                                  -
                                                    -----------
Total current liabilities                           474,200,000

Non-Current liabilities:
Prepetition
   Accrued pension and other postretirement          24,700,000
     benefit liabilities
   Other non-current liabilities                              -
Postpetition
   Intercompany Notes Payable                                 -
   Debt, less current portion                                 -
   Deferred income taxes                             11,700,000
   Accrued pension and other postretirement          27,100,000
     benefit liabilities
   Other non-current liabilities                      1,400,000
                                                    -----------
Total non-current liabilities                        64,900,000

Total stockholder's equity:
   Common stock                                               -
   Paid In Capital                                   96,200,000
   Accumulated Other Comprehensive income            20,300,000
   Retained Earnings - Prior Year                   (71,600,000)
   Retained Earnings - Current Year                  (1,200,000)
                                                    -----------
Total stockholder's equity                           43,700,000
                                                    -----------
Total liabilities and stockholder's equity         $582,800,000
                                                    ===========

                           Propex Inc.
     Unaudited Condensed Consolidated Statement of Operations
                  For Month Ended March 2, 2008

Net revenue                                         $44,600,000
Cost of sales                                        39,400,000
                                                    -----------
   Gross profit                                       5,200,000

Operating expenses:
   Selling, general and administrative                5,600,000
   Other expense, net                                         -
   Add Back Depreciation and Amortization             2,200,000

EBITDA                                                1,800,000

Depreciation & Amortization                           2,200,000
Interest expense                                      2,100,000
Restructuring and Similar Costs                               -
Other Non Operating expense
   Impairment of goodwill                                     -
   Impairment of other intangibles                            -
   Impairment of property, plant and equipment                -
   Pension curtailment, net of settlement loss                -
   Debt Forgiveness                                           -
   Other                                                      -
Equity Loss from Sub Earnings                                 -

Income before income taxes                           (2,500,000)
   Income tax provision                              (2,400,000)
                                                    -----------
Net income                                            ($100,000)
                                                    ===========

                           Propex Inc.
    Unaudited Condensed Consolidated Statement of Cash Flows
                  For Month Ended March 2, 2008

Cash Flows from Operating Activities:
   Net income (loss)                                  ($100,000)
   Adjustments to reconcile net loss to net
     Depreciation and amortization                    2,100,000
     None Cash Interest on Debt                         200,000
     Amortization of bank fees                                -
     Net gain on dispositions of property                     -
       and equipment
     Stock-based Compensation                                 -
     Impairment of property, plant and equipment              -
     Impairment of goodwill                                   -
     Impairment of other intangibles                          -
     Pension and Post Retirement Benefit Cost           300,000
     Deferred income taxes                                    -
   Changes in operating assets and liabilities
     Increase in assets - Prepetition                         -
     Increase in assets - Postpetition              (18,400,000)
     Increase in liabilities - Prepetition           (2,100,000)
     Increase in liabilities - Postpetition
(3,300,000)
                                                    -----------
Net cash provided by operating activities           (21,200,000)

Cash flows from investing activities
   Capital expenditures                                (300,000)
   Proceeds from sale of property and equipment               -
   Acquisition of business                                    -
                                                    -----------
   Net cash used in investing activities               (300,000)

Cash flows from financing activities
   Payments if long-term debt principal                       -
   Proceeds from issuance of debt                    30,600,000
   Debt issuance costs                                 (200,000)
   Dividends from unconsolidated Parent                       -
   Net receipts from unconsolidated Parent                    -
   Net payments of affiliate debt                             -
                                                    -----------
   Net cash provided by financing activities         30,400,000
   Effect of changes in foreign exchange rates          300,000
     on cash and cash equivalents

   Change in cash and cash equivalents                9,200,000
   Cash and cash equivalents - beginning of period   22,200,000
                                                    -----------
   Cash and cash equivalents - end of period        $31,400,000
                                                    ===========

                           About Propex

Headquartered in Chattanooga, Tennessee, Propex Inc. --
http://www.propexinc.com/-- produces geosynthetic, concrete,
furnishing, and industrial fabrics and fiber.  It is produces
primary and secondary carpet backing.  Propex operates in North
America, Europe, and Brazil.

The company and its debtor-affiliates filed for Chapter 11
protection on Jan. 18, 2008 (Bankr. E.D. Tenn. Case No. 08-10249).
The debtors' has selected Edward L. Ripley, Esq., Henry J. Kaim,
Esq., and Mark W. Wege, Esq. at King & Spalding, in Houston,
Texas, to represent them.  As of Sept. 30, 2007, the debtors'
balance sheet showed total assets of $585,700,000 and total debts
of $527,400,000.  The Debtors' exclusive period to file a plan of
reorganization expires on May 17, 2008.

(Propex Bankruptcy News, Issue No. 8; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000)


REFCO LLC: Chapter 7 Trustee Deliver January 2008 Report
--------------------------------------------------------
Albert Togut, the Chapter 7 trustee overseeing the liquidation of
Refco, LLC's estate, filed with the Court a monthly statement of
cash receipts and disbursements for the period from
Jan. 1 to 31, 2008.

The Chapter 7 Trustee reports that Refco LLC's beginning balance
as of January 1 totaled $79,003,000.  The Debtor's beginning
purchase price account balance totals $2,562,000, while its
beginning capital account "A" balance aggregates $76,441,000.

The purchase price account includes activity related to Man
Financial, Inc. sale proceeds and related disbursements.  Capital
account "A" includes activities related to collection of excess
capital.

During the Reporting Period, Refco LLC received $2,656,000, and
and disbursed $1,427,000.  The Debtor held $8,232,000 at the end
of the period.

The Chapter 7 Trustee filed the Monthly Statement in lieu of
comprehensive financial statements.

A full-text copy of Refco LLC's January 2008 Monthly Statement is
available at no charge at:

     http://bankrupt.com/misc/RefcoLLCMORJanuary08.pdf

                           About Refco

Headquartered in New York, Refco Inc. -- http://www.refco.com/--
is a diversified financial services organization with operations
in 14 countries and an extensive global institutional and retail
client base.  Refco's worldwide subsidiaries are members of
principal U.S. and international exchanges, and are among the most
active members of futures exchanges in Chicago, New York, London
and Singapore.  In addition to its futures brokerage activities,
Refco is a major broker of cash market products, including foreign
exchange, foreign exchange options, government securities,
domestic and international equities, emerging market debt, and OTC
financial and commodity products.  Refco is one of the largest
global clearing firms for derivatives.

The company and 23 of its affiliates filed for chapter 11
protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006).
J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts.  Luc
A. Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP,
represents the Official Committee of Unsecured Creditors.  Refco
reported $16.5 billion in assets and $16.8 billion in debts
to the Bankruptcy Court on the first day of its chapter 11
cases.

The Court confirmed the Modified Joint Chapter 11 Plan of
Refco Inc. and certain of its Direct and Indirect Subsidiaries,
including Refco Capital Markets, Ltd., and Refco F/X Associates,
LLC, on Dec. 15, 2006.  That Plan became effective on Dec. 26,
2006.  (Refco Bankruptcy News, Issue No. 78; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000).


REFCO LLC: Chapter 7 Trustee Delivers February 2008 Report
----------------------------------------------------------
Albert Togut, the Chapter 7 trustee overseeing the liquidation of
Refco, LLC's estate, filed with the Court a monthly statement of
cash receipts and disbursements for the period Feb. 1 to 29,
2008.

The Chapter 7 Trustee reports that Refco LLC's beginning balance
in its capital account "A" as of February 1 totaled $80,232,000.
Capital account "A" includes activities related to collection of
excess capital.

During the Reporting Period, Refco LLC received $1,591,000, and
and disbursed $44,000.  The Debtor held $81,779,000 at the end of
the period.

The Chapter 7 Trustee filed the Monthly Statement in lieu of
comprehensive financial statements.

A full-text copy of Refco LLC's February 2008 Monthly Statement
is available at no charge at:

     http://bankrupt.com/misc/RefcoLLCMORFebruary08.pdf

                           About Refco

Headquartered in New York, Refco Inc. -- http://www.refco.com/--
is a diversified financial services organization with operations
in 14 countries and an extensive global institutional and retail
client base.  Refco's worldwide subsidiaries are members of
principal U.S. and international exchanges, and are among the most
active members of futures exchanges in Chicago, New York, London
and Singapore.  In addition to its futures brokerage activities,
Refco is a major broker of cash market products, including foreign
exchange, foreign exchange options, government securities,
domestic and international equities, emerging market debt, and OTC
financial and commodity products.  Refco is one of the largest
global clearing firms for derivatives.

The company and 23 of its affiliates filed for chapter 11
protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006).
J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts.  Luc
A. Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP,
represents the Official Committee of Unsecured Creditors.  Refco
reported $16.5 billion in assets and $16.8 billion in debts
to the Bankruptcy Court on the first day of its chapter 11
cases.

The Court confirmed the Modified Joint Chapter 11 Plan of
Refco Inc. and certain of its Direct and Indirect Subsidiaries,
including Refco Capital Markets, Ltd., and Refco F/X Associates,
LLC, on Dec. 15, 2006.  That Plan became effective on Dec. 26,
2006.  (Refco Bankruptcy News, Issue No. 78; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000).


SEA CONTAINERS: Earns $78,197 in Month Ended February 29, 2008
--------------------------------------------------------------

                      Sea Containers, Ltd.
                    Unaudited Balance Sheet
                    As of February 29, 2008

                            Assets

Current Assets
   Cash and cash equivalents                         $37,253,017
   Trade receivables, less allowances
      for doubtful accounts                              324,401
   Due from related parties                              738,611
   Prepaid expenses and other current assets             834,625
                                                    ------------
      Total current assets                            39,150,654

Fixed assets, net                                              -

Long-term equipment sales receivable, net                      -
Investments in group companies                       143,546,856
Intercompany receivables                                       -
Investment in equity ownership interests             219,426,925
Other assets                                           3,276,299
                                                    ------------
Total assets                                        $405,400,734
                                                    ============

             Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                  $12,689,886
   Accrued expenses                                   72,815,092
   Current portion of long-term debt                 174,061,884
   Current portion of senior notes                   385,492,578
                                                    ------------
      Total current liabilities                      645,059,440

Total shareholders' equity                          (239,658,706)
                                                    ------------
Total liabilities and shareholders' equity          $405,400,734
                                                    ============

                     Sea Containers, Ltd.
               Unaudited Statement of Operations
             For the Month Ended February 29, 2008

Revenue                                               $2,451,834

Costs and expenses:
   Operating costs                                             -
   Selling, general and admin. expenses               (1,332,865)
   Professional fees                                  (3,973,571)
   Charges against intercompany accounts              (5,024,873)
   Impairment of investment in subsidy Co.               (12,000)
   Forgiveness of intercompany debt                            -
   Depreciation and amortization                               -
                                                    ------------
      Total costs and expenses                       (10,343,309)
                                                    ------------

Gain or (Loss) on sale of assets                               -
                                                    ------------
Operating income (loss)                               (7,891,475)

Other income (expense)
   Investment income                                      69,599
   Foreign exchange gains or (losses)                      6,011
   Interest expense, net                              (4,379,776)
                                                    ------------
Income (Loss) before taxes                           (12,195,641)
Income tax expense                                      (135,150)
                                                    ------------
Net (Loss)                                          ($12,330,791)
                                                    ============

                    Sea Containers Services
                    Unaudited Balance Sheet
                     As of February 29, 2008

                            Assets

Current Assets
   Cash and cash equivalents                             $22,100
   Trade receivables                                       1,562
   Due from related parties                              113,530
   Prepaid expenses and other current assets           1,244,838
                                                    ------------
      Total current assets                             1,382,029

Fixed assets, net                                         22,789

Investments                                            2,677,370
Intercompany receivables                              30,835,512
Other assets                                                   -
                                                    ------------
Total assets                                         $34,917,700
                                                    ============

             Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                     $876,285
   Accrued expenses                                    1,036,229
   Current portion of long-term debt                   1,515,069
                                                    ------------
      Total current liabilities                        3,427,582

Total shareholders' equity                            31,490,118
                                                    ------------
Total liabilities and shareholders' equity           $34,917,700
                                                    ============

                    Sea Containers Services
               Unaudited Statement of Operations
             For the Month Ended February 29, 2008

Revenue                                               $1,226,968

Costs and expenses:
   Operating costs                                             -
   Selling, general and admin. expenses                 (777,163)
   Professional Fees                                    (358,347)
   Other charges                                               -
   Depreciation and amortization                          (2,428)
                                                    ------------
      Total costs and expenses                        (1,137,938)
                                                    ------------

Gains on sale of assets                                    2,625
                                                    ------------
Operating income (loss)                                   91,655

Other income (expense)
   Interest income                                             -
   Foreign exchange gains (losses)                            48
   Interest expense, net                                 (13,506)
                                                    ------------
Income (Loss) before taxes                                78,197
Income tax credit                                              -
                                                    ------------
Net Income                                               $78,197
                                                    ============

                       About Sea Containers

Based in Hamilton, Bermuda, Sea Containers Ltd. --
http://www.seacontainers.com/-- provides passenger and freight
transport and marine container leasing.  Registered in Bermuda,
the company has regional operating offices in London, Genoa, New
York, Rio de Janeiro, Sydney, and Singapore.  The company is
owned almost entirely by United States shareholders and its
primary listing is on the New York Stock Exchange (SCRA and
SCRB) since 1974.  On Oct. 3, the company's common shares and
senior notes were suspended from trading on the NYSE and NYSE
Arca after the company's failure to file its 2005 annual report
on Form 10-K and its quarterly reports on Form 10-Q during 2006
with the U.S. Securities and Exchange Commission.

Through its GNER subsidiary, Sea Containers Passenger Transport
operates Britain's fastest railway, the Great North Eastern
Railway, linking England and Scotland.  It also conducts ferry
operations, serving Finland and Estonia as well as a commuter
service between New York and New Jersey in the U.S.

Sea Containers Ltd. and two subsidiaries filed for chapter 11
protection on Oct. 15, 2006 (Bankr. D. Del. Case No. 06-11156).
Edmon L. Morton, Esq., Edwin J. Harron, Esq., Robert S. Brady,
Esq., Sean Matthew Beach, Esq., and Sean T. Greecher, Esq., at
Young, Conaway, Stargatt & Taylor, represent the Debtors in
their restructuring efforts.

The Official Committee of Unsecured Creditors and the Financial
Members Sub-Committee of the Official Committee of Unsecured
Creditors of Sea Containers Ltd. is represented by William H.
Sudell, Jr., Esq., and Thomas F. Driscoll, Esq., at Morris,
Nichols, Arsht & Tunnell LLP.  Sea Containers Services, Ltd.'s
Official Committee of Unsecured Creditors is represented by
attorneys at Willkie Farr & Gallagher LLP.

The Court gave the Debtors until April 15, 2008 to file
a plan of reorganization.  (Sea Containers Bankruptcy News, Issue
No. 39; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)

                             *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

On Thursdays, the TCR delivers a list of recently filed chapter 11
cases involving less than $1,000,000 in assets and liabilities
delivered to nation's bankruptcy courts.  The list includes links
to freely downloadable images of these small-dollar petitions in
Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911.  For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                             *********

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

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Shimero R. Jainga, Ronald C. Sy, Joel Anthony G. Lopez,
Cecil R. Villacampa, Melanie C. Pador, Ludivino Q. Climaco, Jr.,
Loyda I. Nartatez, Tara Marie A. Martin, Philline P. Reluya,
Joseph Medel C. Martirez, Ma. Cristina I. Canson, Christopher G.
Patalinghug, and Peter A. Chapman, Editors.

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

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $775 for 6 months delivered via e-
mail. Additional e-mail subscriptions for members of the same firm
for the term of the initial subscription or balance thereof are
$25 each.  For subscription information, contact Christopher Beard
at 240/629-3300.

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