/raid1/www/Hosts/bankrupt/TCR_Public/080823.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, August 23, 2008, Vol. 12, No. 201

                             Headlines

AMERICAN HOME: AHM Corp. Files Operating Report for May 2008
AMERICAN HOME: AHMAI Files Operating Report for May 2008
AMERICAN HOME: AHMIC Files Operating Report for May 2008
AMERICAN HOME: AHMSI Reports Operating Report for May 2008
BHM TECHNOLOGIES: Files June 2008 Monthly Operating Report

BHM TECHNOLOGIES: Brown Co. Files Assets and Debts Schedules
BHM TECHNOLOGIES: Brown Corp. Files Assets and Debts Schedules
BHM TECHNOLOGIES: Brown Realty Files Assets and Debts Schedules
BLUE WATER: Reports $3,530,815 Net Loss in June 2008
DELTA FINANCIAL: Files Monthly Operating Report for June 2008

FORTUNOFF: Delivers Operating Report for Month Ended June 2008
HOMEBANC CORP: Reports $4,822,000 Net Loss in May 2008
HOMEBANC CORP: Reports $9,475,000 Net Loss in June 2008
LINENS N THINGS: Bloomington Files Assets and Debts Schedules
LINENS N THINGS: Citadel LNT Files Assets and Debts Schedules

LINENS N THINGS: LNT Leasing II Files Assets and Debts Schedules
LINENS N THINGS: LNT Leasing III Files Assets and Debts Schedules
LINENS N THINGS: LNT Virginia Files Assets and Debts Schedules
LINENS N THINGS: Vendor Finance Files Assets and Debts Schedules
NEUMANN HOMES: Delivers June 30 Monthly Operating Report

QUEBECOR WORLD: Submits Report for Month Ended February 2, 2008
QUEBECOR WORLD: Submits Report for Month Ended March 1, 2008
QUEBECOR WORLD: Submits Report for Month Ended March 29, 2008
QUEBECOR WORLD: Submits Report for Month Ended May 3, 2008
QUBECOR WORLD: Submits Report for Month Ended May 31, 2008

QUEBECOR WORLD: Submits Report for Month Ended June 28, 2008
SEA CONTAINERS: Files June 2008 Monthly Operating Report
STEVE & BARRY'S: Files July 2008 Monthly Operating Report

                             *********

AMERICAN HOME: AHM Corp. Files Operating Report for May 2008
------------------------------------------------------------

                  American Home Mortgage Corp.
                Statement of Financial Condition
                       As of May 31, 2008

Assets:
   Cash and cash equivalents                         $29,536,320
   Restricted cash                                     4,789,987
   Securities purchased under agreements                    (147)
   Accounts receivable                                29,352,604
   Intercompany receivable                           687,979,870
   Mortgage loans                                    531,077,628
   Derivative assets                                     743,601
   Mortgage servicing rights                          11,312,465
   Other real estate, net                             44,526,862
   Premises and equipment, net                        20,305,721
   Investment in subsidiaries                         74,146,538
   Other assets                                        3,100,223
                                                    ------------
      Total Assets                                $1,436,871,672
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Warehouse lines of credit                     $496,903,072
      Derivative liabilities                          10,481,560
      Accrued expenses & other liabilities           110,431,479
      Intercompany payable                         1,542,372,426
      Notes payable                                      894,329
      Income taxes payable                             1,816,454
                                                    ------------
         Total Liabilities                         2,162,899,320

   Stockholders' Equity
      Additional paid-in capital                     153,195,272
      Retained earnings                             (879,222,920)
      Other comprehensive loss                                 -
                                                    ------------
         Total Stockholders' Equity                 (726,027,648)
                                                    ------------
Total Liabilities & Stockholders' Equity          $1,436,871,672
                                                    ============

                  American Home Mortgage Corp.
                       Statement of Income
                    Month Ended May 31, 2008

Net Interest Income:
   Interest income                                    $3,784,208
   Interest expense                                     (100,807)
                                                    ------------
      Net interest income                              3,683,401

   Provision for loan losses                                   -
                                                    ------------
      Net interest income after provision              3,683,401
        for loan losses

Non-Interest Income:
   Gain (loss) on mortgage loans                     (10,897,445)
   Loan servicing fees                                    50,863
   Changes in fair value of MSR                                -
   Income (loss) from subsidiaries                       700,935
   Other non-interest (loss) income                       36,924
                                                    ------------
      Non-interest income                            (10,108,723)

Expenses
   Salaries, commissions & benefits, net               1,475,247
   Occupancy and equipment                               413,641
   Data processing and communications                     62,223
   Office supplies and expenses                           16,919
   Marketing and promotion                                     -
   Travel and entertainment                                1,990
   Professional fees                                   4,027,814
   Other real estate operating expense                    (2,289)
   Other                                                 995,422
                                                    ------------
      Total expenses                                   6,990,967

Income (Loss) before income taxes                    (13,416,289)
Income taxes                                                   -
                                                    ------------
Net loss                                            ($13,416,289)
                                                    ============

                  American Home Mortgage Corp.
           Schedule of Cash Receipts and Disbursements
                    Month Ended May 31, 2008

Cash - Beginning of Month, 05/01/2008                $55,458,623

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                              -
   Loans and advances                                          -
   Administrative                                              -
   Net payroll                                                 -
   Other                                                       -
   Transfers (from DIP accounts)                               -
                                                    ------------
      Total Receipts                                           0

Disbursements:
   Net payroll                                             5,185
   Payroll taxes                                               -
   Sales, use & other taxes                                    -
   Loans and advances                                 13,825,384
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                        743,087
   Selling                                                     -
   Other                                               2,375,140
   Transfers (from DIP accounts)                       4,183,518
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                    ------------
      Total Disbursements                             21,132,313
                                                    ------------
      Net Cash Flow                                  (21,132,313)
                                                    ------------
Cash - End of Month - 05/31/08                       $34,326,310
                                                    ============

                      About American Home

Based in Melville, New York, American Home Mortgage Investment
Corp. (NYSE: AHM) -- http://www.americanhm.com/-- is a
mortgage real estate investment trust engaged in the business of
investing in mortgage-backed securities and mortgage loans
resulting from the securitization of residential mortgage loans
originated and serviced by its subsidiaries.

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  The Creditors Committee also retained Hennigan,
Bennett & Dorman LLP, as special conflicts counsel, nunc pro tunc
to March 3, 2008.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.

(American Home Bankruptcy News, Issue No. 43; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHMAI Files Operating Report for May 2008
--------------------------------------------------------

             American Home Mortgage Acceptance, Inc.
                Statement of Financial Condition
                       As of May 31, 2008

Assets:
   Cash and cash equivalents                            $618,809
   Restricted cash                                             -
   Accounts receivable                                 1,631,278
   Intercompany receivable                           517,059,825
   Mortgage loans                                    121,867,845
   Mortgage servicing rights                              (8,999)
   Other real estate, net                              4,349,126
   Investment in subsidiaries                        (25,678,674)
   Other assets                                                -
                                                    ------------
      Total Assets                                  $619,839,210
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Warehouse lines of credit                     $140,005,153
      Accrued expenses & other liabilities             1,188,866
      Intercompany payable                           661,626,733
                                                    ------------
         Total Liabilities                           802,820,752

   Stockholders' Equity
      Additional paid-in capital                      40,298,920
      Retained earnings                             (223,280,462)
      Other comprehensive loss                                 -
                                                    ------------
         Total Stockholders' Equity                 (182,981,542)
                                                    ------------
Total Liabilities & Stockholders' Equity            $619,839,210
                                                    ============

             American Home Mortgage Acceptance, Inc.
                       Statement of Income
                    Month Ended May 31, 2008

Net Interest Income:
   Interest income                                      $651,747
   Interest expense                                            -
                                                    ------------
      Net interest income                                651,747

   Provision for loan losses                                   -
                                                    ------------
      Net interest income after provision                651,747
        for loan losses

Non-Interest Income:
   Gain (Loss) on mortgage loans                        (222,434)
   Gain on securities & derivatives                            -
   Loan servicing fees                                         -
   Changes in fair value of MSR                                -
   Income (Loss) from subsidiaries                        (5,373)
                                                    ------------
      Non-interest income                               (227,807)

Expenses
   Salaries, commissions & benefits, net                 245,946
   Office supplies and expenses                                -
   Marketing and promotion                                     -
   Professional fees                                           -
   Other real estate operating (income) expense                -
   Other                                                       -
                                                    ------------
      Total expenses                                     245,946

(Loss) Income before income taxes                        177,994
Income taxes                                                   -
                                                    ------------
Net income                                              $177,994
                                                    ============

             American Home Mortgage Acceptance, Inc.
           Schedule of Cash Receipts and Disbursements
                    Month Ended May 31, 2008

Cash - Beginning of Month, 05/01/2008                 $1,328,045

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                              -
   Loans and advances                                  1,147,528
   Administrative                                              -
   Net payroll                                                 -
   Other                                                       -
   Transfers (from DIP accounts)                               -
                                                    ------------
      Total Receipts                                   1,147,528

Disbursements:
   Net payroll                                                 -
   Payroll taxes                                               -
   Sales, use & other taxes                                    -
   Loans and advances                                          -
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                              -
   Selling                                                     -
   Other                                                 214,890
   Transfers (from DIP accounts)                       1,641,873
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                    ------------
      Total Disbursements                              1,856,763
                                                    ------------
      Net Cash Flow                                     (709,236)
                                                    ------------
Cash - End of Month - 05/31/08                          $618,809
                                                    ============
                      About American Home

Based in Melville, New York, American Home Mortgage Investment
Corp. (NYSE: AHM) -- http://www.americanhm.com/-- is a
mortgage real estate investment trust engaged in the business of
investing in mortgage-backed securities and mortgage loans
resulting from the securitization of residential mortgage loans
originated and serviced by its subsidiaries.

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  The Creditors Committee also retained Hennigan,
Bennett & Dorman LLP, as special conflicts counsel, nunc pro tunc
to March 3, 2008.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.

(American Home Bankruptcy News, Issue No. 43; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHMIC Files Operating Report for May 2008
--------------------------------------------------------

             American Home Mortgage Investment Corp.
                Statement of Financial Condition
                       As of May 31, 2008

Assets:
   Cash and cash equivalents                         $12,443,068
   Restricted cash                                   150,799,967
   Accounts receivable                                 3,700,171
   Intercompany receivable                         1,325,016,724
   Securities                                      1,175,887,048
   Derivative assets                                           5
   Investment in subsidiaries                       (920,868,232)
   Other assets                                                -
                                                    ------------
      Total Assets                                $1,746,978,751
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Reverse repurchase agreements                   $4,749,270
      Junior subordinated note                       180,416,000
      Derivative liabilities                          53,817,031
      Accrued expenses & other liabilities         1,265,815,984
      Intercompany payable                           584,693,541
                                                    ------------
         Total Liabilities                         2,089,491,826

   Stockholders' Equity
      Preferred stock - Series A                      50,856,875
      Preferred stock - Series B                      83,183,125
      Common Stock                                       543,074
      Additional paid-in capital                   1,057,864,155
      Retained earnings                           (1,534,960,304)
      Other comprehensive loss                                 -
                                                    ------------
         Total Stockholders' Equity                 (342,513,075)
                                                    ------------
Total Liabilities & Stockholders' Equity          $1,746,978,751
                                                    ============

             American Home Mortgage Investment Corp.
                       Statement of Income
                    Month Ended May 31, 2008

Net Interest Income:
   Interest income                                    $3,163,378
   Interest expense                                            -
                                                    ------------
      Net interest income                              3,163,378

   Provision for loan losses                                   -
                                                    ------------
      Net interest income after provision              3,163,378
        for loan losses

Non-Interest Income:
   Loss on mortgage loans                                     13
   Loss on securities and derivatives                    586,832
   Gain (loss) from subsidiaries                     (15,676,439)
   Other non-interest income                                   -
                                                    ------------
      Non-interest income                            (15,089,594)

Other
   Data processing and communications                      2,968
   Professional fees                                      17,017
   Other expenses                                              -
                                                    ------------
      Total expenses                                      19,985

Loss before income taxes                             (11,946,201)
Income taxes                                                   -
                                                    ------------
Net loss                                            ($11,946,201)
                                                    ============

             American Home Mortgage Investment Corp.
           Schedule of Cash Receipts and Disbursements
                    Month Ended May 31, 2008

Cash - Beginning of Month, 05/01/2008               $165,194,878

Receipts:
   Cash sales                                                  -
   Accounts receivable                                         -
   Sale of assets                                        114,826
   Loans and advances                                  1,415,943
   Administrative                                              -
   Net payroll                                                 -
   Other                                                       -
   Transfers (from DIP accounts)                       5,894,175
                                                    ------------
      Total Receipts                                   7,424,944

Disbursements:
   Net payroll                                         1,537,406
   Payroll taxes                                               -
   Sales, use & other taxes                                    -
   Loans and advances                                          -
   Inventory purchases                                         -
   Secured/rental/leases                                       -
   Insurance                                                   -
   Administrative                                      4,794,896
   Selling                                                     -
   Other                                               3,044,484
   Transfers (from DIP accounts)                               -
   Professional fees                                           -
   U.S. Trustee quarterly fees                                 -
   Court costs                                                 -
                                                    ------------
      Total Disbursements                              9,376,787
                                                    ------------
      Net Cash Flow                                   (1,951,843)
                                                    ------------
Cash - End of Month - 05/31/08                      $163,243,035
                                                    ============

                      About American Home

Based in Melville, New York, American Home Mortgage Investment
Corp. (NYSE: AHM) -- http://www.americanhm.com/-- is a
mortgage real estate investment trust engaged in the business of
investing in mortgage-backed securities and mortgage loans
resulting from the securitization of residential mortgage loans
originated and serviced by its subsidiaries.

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  The Creditors Committee also retained Hennigan,
Bennett & Dorman LLP, as special conflicts counsel, nunc pro tunc
to March 3, 2008.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.

(American Home Bankruptcy News, Issue No. 43; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


AMERICAN HOME: AHMSI Reports Operating Report for May 2008
----------------------------------------------------------

             American Home Mortgage Servicing, Inc.
                Statement of Financial Condition
                       As of May 31, 2008

Assets:
   Cash and cash equivalents                          $2,955,386
   Restricted cash                                         1,570
   Securities purchased under agreements                       -
   Accounts receivable & servicing advances            7,826,678
   Intercompany receivable                           214,763,212
   Mortgage loans                                              -
   Premises and equipment, net                                 -
   Investment in subsidiaries                          9,727,945
   Other assets                                          750,799
                                                    ------------
      Total Assets                                  $236,025,590
                                                    ============

Liabilities and Stockholders' Equity

   Liabilities:
      Warehouse lines of credit                                -
      Accrued expenses & other liabilities            $5,869,704
      Intercompany payable                           131,142,134
      Income taxes payable                             1,787,818
                                                    ------------
         Total Liabilities                           138,799,656

   Stockholders' Equity
      Additional paid-in capital                      37,000,200
      Retained earnings                               60,225,734
                                                    ------------
         Total Stockholders' Equity                   97,225,934
                                                    ------------
Total Liabilities & Stockholders' Equity            $236,025,590
                                                    ============

             American Home Mortgage Servicing, Inc.
                       Statement of Income
                    Month Ended May 31, 2008

Net interest income:
   Interest income                                             -
   Interest expense                                            -
   Provision for loan losses                                   -
                                                    ------------
   Net interest income after losses                            0

Non-Interest Income:
   (Loss) Gain on mortgage loans                               -
   Loan servicing fees                                         -
   Gain on sale of servicing platform                ($4,071,283)
   Other non-interest income (loss)                            -
                                                    ------------
      Non-interest income [loss]                      (4,071,283)

Expenses
   Salaries, commissions & benefits, net                     354
   Occupancy and equipment                                     -
   Data processing and communications                        (92)
   Office supplies and expenses                                -
   Marketing and promotion                                     -
   Travel and entertainment                                    -
   Professional fees                                      32,500
   Other real estate operating expense                         -
   Other                                              (1,023,231)
                                                    ------------
      Total expenses                                    (990,469)

Income (Loss) before income taxes                     (3,080,814)
Income taxes                                                   -
                                                    ------------
Net income [loss]                                    ($3,080,814)
                                                    ============

American Home Mortgage Servicing, Inc., discloses that its cash
as of May 1, 2008, was $2,417,308.  Since it received $539,647
from loans and advances, AHM Servicing's cash at the end of May
increased to $2,956,955.

                      About American Home

Based in Melville, New York, American Home Mortgage Investment
Corp. (NYSE: AHM) -- http://www.americanhm.com/-- is a
mortgage real estate investment trust engaged in the business of
investing in mortgage-backed securities and mortgage loans
resulting from the securitization of residential mortgage loans
originated and serviced by its subsidiaries.

American Home Mortgage and seven affiliates filed for chapter 11
protection on Aug. 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors. Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent. The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  The Creditors Committee also retained Hennigan,
Bennett & Dorman LLP, as special conflicts counsel, nunc pro tunc
to March 3, 2008.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.

(American Home Bankruptcy News, Issue No. 43; Bankruptcy
Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


BHM TECHNOLOGIES: Files June 2008 Monthly Operating Report
----------------------------------------------------------
BHM Technologies, Inc., filed its Operating Report with the United
States Bankruptcy Court for the Western District of Michigan for
the month ended June 28, 2008:

                       BHM TECHNOLOGIES
                    Unaudited BALANCE SHEET
                        June 28, 2008

                             ASSETS

Cash & Equivalents                                  $13,886,000
Accounts Receivable                                  68,277,000
Tooling Accounts Receivable & Inventory              23,281,000
Inventory                                                24,229
Other Current Assets                                 11,132,000
                                                     ----------
Total Current Assets                                140,805,000

Plant, Property & Equipment                         128,907,000
Less Accumulated Depreciation                       (33,774,000)
                                                    -----------
Net Plant, Property & Equipment                      95,133,000

Other Assets                                        213,488,000
Less Accumulated Amortization                       (16,554,000)
                                                    -----------
Other Assets, Net                                   196,934,000
                                                    -----------
Total Assets                                       $432,871,000
                                                    ===========

               LIABILITIES & SHAREHOLDERS' EQUITY

Trade Accounts Payable excluding Tooling            $52,974,000
Tooling Accounts Payable                             21,006,000
Accrued Liabilities                                  12,004,000
Bank Revolver                                        24,700,000
Current Portion - Long Term Debt                     17,093,000
                                                    -----------
Total Current Liabilities                           127,777,000

Long Term Debt                                      299,835,000
Other Long Term Liabilities                          55,415,000
                                                    -----------
Total Long Term Liabilities                         355,250,000
Shareholders' Equity                                (50,155,000)
                                                    -----------    
Total Liabilities & Shareholders' Equity           $432,871,000
                                                    ===========

                        BHM TECHNOLOGIES
                 Unaudited Statement of Income
                   Period Ending June 28,2008

Sales                                               $41,066,000       
  Material                                           21,704,000  
                                                    -----------    
  Material margin                                    19,362,000

Hourly Labor                                          8,219,000
Overhead and Other                                    5,887,000
Depreciation                                          1,697,000
                                                    -----------    
Total COS                                            37,508,000
                                                    -----------    
Gross Profit                                          3,558,000
                                                    -----------    

S, G & A Expenses                                     1,724,000
Amortization/Other                                    4,651,000
Other (Inc) Exp                                          12,000
                                                    -----------    
EBIT                                                 (2,828,000)

Interest                                                439,000
Taxes                                                (1,011,000)
                                                    -----------    
Net Income                                          ($2,256,000)
                                                    ===-=======

                        BHM TECHNOLOGIES
                    Monthly Cash Statement
                    Cash Activity Analysis
                 Period Ending: June 28, 2008

A. Beginning Balance                                $19,236,020  
B. Receipts                                          46,720,544
C. Balance Available (A+B)                           65,956,564
                                                    -----------    
D. Less Disbursements                                51,766,377
                                                    -----------    
E. Ending Balance                                   $14,190,187
                                                    ===========

            Disbursements Per Debtor During Period

BHM Technologies Holdings, LLC                                -  
BHM Technologies, LLC                                         -
The Brown Company International, LLC                          -
The Brown Corporation of America                    $23,300,777
The Brown Company of Waverly, LLC                     4,496,436
The Brown Company of Ionia, LLC                       3,017,611
The Brown Corporation of Greenville, Inc.             1,063,681
The Brown Company of Moberly, LLC                     3,609,907
The Brown Realty Company, LLC                                 -
Heckethorn Holdings, Inc.                                     -
Heckethorn Manufacturing Co., Inc.                    3,221,390
Midwest Stamping & Manufacturing Co.                  5,211,768
Midwest Stamping, Inc.                                        -
Morton Welding Holdings, Inc.                                 -
Morton Welding Co., Inc.                              7,844,405
                                                    -----------    
      TOTAL                                         $51,766,375
                                                    ===========

Headquartered in Ionia, Michigan, BHM Technologies Holdings
Inc. -- http://www.browncorp.com/-- manufactures and sells   
automobile parts including air bags and electrical systems.  It
has manufacturing facilites in Mexico and operates under Brown
Corp.

BHM Technologies Holdings, Inc. and 14 affiliates filed separate
voluntary petitions under Chapter 11 on May 19, 2008 (Bankr.
W.D. Mich. Lead Case No. 08-04413).  Hannah Mufson McCollum,
Esq., Kay Standridge Kress, Esq., Robert S. Hertzberg, Esq., and
Leon R. Barson, Esq. of Pepper Hamilton LLP, represent the
Debtors in their restructuring efforts.  When the Debtors filed
for bankruptcy, it listed estimated assets and debts to be both
between US$100 million and US$500 million.

The Debtors have until Sept. 16, 2008, to exclusively file their
bankruptcy plan.  (BHM Technologies Bankruptcy News, Issue
No. 10; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


BHM TECHNOLOGIES: Brown Co. Files Assets and Debts Schedules
------------------------------------------------------------
The Brown Co. of Waverly filed its Schedules of Assets and
Liabilities to the United States Bankruptcy Court for the Western
District of Michigan:

A.     Real Property
         611 W. Second St., Waverly, OH               $2,189,999

B.     Personal Property
B.1    Cash on hand                                            0
B.2    Bank Accounts                               
         Controlled Disbursement - Acct. No. 52296        72,318
         Misc ckg - Acct. No. 813503                      18,355
         Payroll Checking - Account No. 121638            38,282
         Petty cash checking - Account No. 1273000         1,696
         Workers' Comp - Account No. 130315                6,844
         ZBA - Account No. 1398693                             0
B.3    Security Deposits
         Other Assets Misc Deposits                        1,810
B.13   Business Interests and stocks  
         http://bankrupt.com/misc/BHM_Subsidiaries.pdf
B.16   Accounts Receivable                         
         Brown Corporation de Saltillo                    24,172
         Brown Corporation of America                     21,675
         Other  AR - Waverly                             312,581
         Trade AR -- Waverly                            6,845,510
B.18   Other Liquidated Debts                        
         Franchise Tax owed by State of Ohio              62,684
B.25   Vehicles                                          
         Vehicle < 50% business use                       18,136
         Vehicle > 50% business use                       13,325
B.28   Office equipment, furnishings and supplies
         Furniture & Fixtures                             30,523
         Tech-Communications                                 144
         Technical Other                                  47,370
         Technical Computers                               3,667
B.29   Machinery                                       8,535,240
         http://bankrupt.com/misc/BHM_waverlypersonalproperty.pdf
B.30   Inventory                                              
         Inventory Finished Goods                        465,561
         Inventory Raw Materials                       1,301,002
         Inventory WIP                                   935,853
B.35   Other Personal Property
         Other Assets Employee Advances                      962

       TOTAL SCHEDULED ASSETS                        $20,947,710
       =========================================================

C.     Property Claimed as Exempt                           None

D.     Secured Claim
         General Electric Capital Corporation, PA -
           UCC Lienholder                                      0
         General Electric Capital Corporation, NY -
           UCC Lienholder                                      0
         Lehman Commercial Paper, Inc. -
           First Lien Deed of Trust                  264,393,980
         Pyper Tool & Engineering Inc. -
           UCC Lienholder                                      0
         Tennessee Rand Inc. -
           UCC Lienholder                                      0
         The Lincoln Electric Company -
           UCC Lienholder                                      0

E.     Unsecured Priority Claims                    Undetermined
       http://bankrupt.com/misc/BHM_waverlyunsecuredclaims.pdf

F.     Unsecured Non-priority Claims
         SAC Domestic Investments, LP -
           Second Lien Deed of Trust                 $72,112,539
         Trade Claims                                  8,893,142
   http://bankrupt.com/misc/BHM_waverlyunsecuredpriorityclaims.pdf

       TOTAL SCHEDULED LIABILITIES                  $345,399,661
       =========================================================

Headquartered in Ionia, Michigan, BHM Technologies Holdings
Inc. -- http://www.browncorp.com/-- manufactures and sells   
automobile parts including air bags and electrical systems.  It
has manufacturing facilites in Mexico and operates under Brown
Corp.

BHM Technologies Holdings, Inc. and 14 affiliates filed separate
voluntary petitions under Chapter 11 on May 19, 2008 (Bankr.
W.D. Mich. Lead Case No. 08-04413).  Hannah Mufson McCollum,
Esq., Kay Standridge Kress, Esq., Robert S. Hertzberg, Esq., and
Leon R. Barson, Esq. of Pepper Hamilton LLP, represent the
Debtors in their restructuring efforts.  When the Debtors filed
for bankruptcy, it listed estimated assets and debts to be both
between US$100 million and US$500 million.

The Debtors have until Sept. 16, 2008, to exclusively file their
bankruptcy plan.  (BHM Technologies Bankruptcy News, Issue
No. 10; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


BHM TECHNOLOGIES: Brown Corp. Files Assets and Debts Schedules
--------------------------------------------------------------
The Brown Corp. of Greenville filed its Schedules of Assets and
Liabilities to the United States Bankruptcy Court for the Western
District of Michigan:

A.     Real Property    
         1927 N Theobald, Greenville, MS                  $6,155

B.     Personal Property                             
B.1    Cash on hand                                            0
B.2    Bank Accounts                               
         Controlled Disbursement -
           Account No. 762886                             11,220
         Payroll Checking -
           Account No. 7006699714                          5,021
         Petty cash checking -
           Account No. 4700140608                          1,377
         ZBA - Account No. 363712864                           0
B.3    Security Deposits                               
        Utility deposit from 2003                         20,000
B.13   Business Interests and stocks  
         http://bankrupt.com/misc/BHM_Subsidiaries.pdf
B.16   Accounts Receivable                       
         Brown Company of Moberly                            280
         Brown Company of Waverly                         22,171
         Brown Corporation de Saltillo                       159
         Brown Corporation of America                     27,178
         Other A/R - Greenville                           37,958
         Trade A/R - Greenville                        2,688,484
B.18   Other Liquidated Debts           
         State Business Tax owed by State of Michigan     20,329
B.28   Office equipment, furnishings and supplies    
         Furniture & Fixtures                              2,610
         Tech-Communications                               5,286
         Technical Other                                  54,375
B.29   Machinery                                       3,034,918        
     http://bankrupt.com/misc/BHM_greenvillepersonalproperty.pdf
B.30   Inventory                                    
         Inventory Finished Goods                         43,483
         Inventory Raw Materials                         219,554
         Inventory WIP                                   190,036

B.35   Other Personal Property
         PPD Insurance - Comm Pkg                          1,534
         PPD Medical - Excess WC                           1,677

       TOTAL SCHEDULED ASSETS                         $6,393,805
       =========================================================

C.     Property Claimed as Exempt                           None

D.     Secured Claim                                          $0

E.     Unsecured Priority Claims  
         Potential Employee Claims                  Undetermined
         http://bankrupt.com/misc/BHM_greenvilleunsecuredclaims.pdf

F.     Unsecured Non-priority Claims
         SAC Domestic Investments, LP -
           Second Lien Deed of Trust                 $72,112,539
         Trade Claims                                  1,962,534
http://bankrupt.com/misc/BHM_greenvilleunsecuredpriorityclaims.pdf

       TOTAL SCHEDULED LIABILITIES                   $74,075,073
       =========================================================

The Brown Corporation of Greenville, Inc., disclosed in its
Schedules of Assets and Liabilities that total secured claims is
zero.  But an exhibit referring to Schedule D provides these
information:

           Claimants                                Claim Amount
           ---------                                ------------
           General Electric Capital Corp.                     $0
           General Electric Capital Corp.                      0
           General Electric Capital Corp.                      0
           Internal Revenue Service                            0
           JPMorgan Chase Bank, N.A. as Agent                  0
           Lehman Commercial Paper Inc.
             First Lien Deed of Trust               $264,393,980
           Pyper Tool & Engineering                            0
           The Lincoln Electric Company                        0
           Toyota Motors Corp.                                 0
     
See http://bankrupt.com/misc/BHM_greenvillesecuredclaims.pdf

Headquartered in Ionia, Michigan, BHM Technologies Holdings
Inc. -- http://www.browncorp.com/-- manufactures and sells   
automobile parts including air bags and electrical systems.  It
has manufacturing facilites in Mexico and operates under Brown
Corp.

BHM Technologies Holdings, Inc. and 14 affiliates filed separate
voluntary petitions under Chapter 11 on May 19, 2008 (Bankr.
W.D. Mich. Lead Case No. 08-04413).  Hannah Mufson McCollum,
Esq., Kay Standridge Kress, Esq., Robert S. Hertzberg, Esq., and
Leon R. Barson, Esq. of Pepper Hamilton LLP, represent the
Debtors in their restructuring efforts.  When the Debtors filed
for bankruptcy, it listed estimated assets and debts to be both
between US$100 million and US$500 million.

The Debtors have until Sept. 16, 2008, to exclusively file their
bankruptcy plan.  (BHM Technologies Bankruptcy News, Issue
No. 10; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


BHM TECHNOLOGIES: Brown Realty Files Assets and Debts Schedules
---------------------------------------------------------------
The Brown Realty Co., LLC, filed its Schedules of Assets and
Liabilities to the United States Bankruptcy Court for the Western
District of Michigan.:

A.     Real Property  
         401 S. Steele St., Ionia, MI                 $1,770,500

B.     Personal Property
B.1    Cash on hand                                            0
B.2    Bank Accounts                               
        Misc ckg - Account No. 7506879                    14,916
B.13   Business Interests and stocks
         http://bankrupt.com/misc/BHM_Subsidiaries.pdf
  
       TOTAL SCHEDULED ASSETS                         $1,785,416
       =========================================================

C.     Property Claimed as Exempt                           None

D.     Secured Claim
         Hull Lift Truck Inc -
           UCC Lienholder                                     $0
         ING US Capital LLC -
           UCC Lienholder                                      0
         Lehman Commercial Paper, Inc. -
           First Lien Deed of Trust                  264,393,980
         Prolift Industrial Equipment Co LLC Toyota -
           UCC Lienholder                                      0
         The Lincoln Electric Company, OH -
           UCC Lienholder                                      0
         The Lincoln Electric Company, OH -
           UCC Lienholder                                      0

E.     Unsecured Priority Claims
         Internal Revenue Service -
           Federal Income Tax                       Undetermined

F.     Unsecured Non-priority Claims
         SAC Domestic Investments, LP -
           Second Lien Deed of Trust                  72,112,539

       TOTAL SCHEDULED LIABILITIES                  $336,506,519
       =========================================================

Headquartered in Ionia, Michigan, BHM Technologies Holdings
Inc. -- http://www.browncorp.com/-- manufactures and sells   
automobile parts including air bags and electrical systems.  It
has manufacturing facilites in Mexico and operates under Brown
Corp.

BHM Technologies Holdings, Inc. and 14 affiliates filed separate
voluntary petitions under Chapter 11 on May 19, 2008 (Bankr.
W.D. Mich. Lead Case No. 08-04413).  Hannah Mufson McCollum,
Esq., Kay Standridge Kress, Esq., Robert S. Hertzberg, Esq., and
Leon R. Barson, Esq. of Pepper Hamilton LLP, represent the
Debtors in their restructuring efforts.  When the Debtors filed
for bankruptcy, it listed estimated assets and debts to be both
between US$100 million and US$500 million.

The Debtors have until Sept. 16, 2008, to exclusively file their
bankruptcy plan.  (BHM Technologies Bankruptcy News, Issue
No. 10; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


BLUE WATER: Reports $3,530,815 Net Loss in June 2008
----------------------------------------------------

               Blue Water Automotive Systems, Inc.
                     Unaudited Balance Sheet
                       As of June 29, 2008

ASSETS:
Cash                                               $1,505,039
Inventory                                           9,895,071
Accounts Receivable                                46,747,994
Insider Receivables                                         -
Land and Buildings
Furniture, Fixtures & Equipment                    38,305,492
Accumulated Depreciation                          (12,051,087)
Other: Current Assets                               8,801,103
Other: Long Term Assets                                61,251
                                                 ------------
TOTAL ASSETS                                      $93,264,863
                                                 ============
LIABILITIES:
Postpetition Liabilities:
Accounts Payable                                   $5,071,531
Rent and Lease Payable                                      -
Wages and Salaries                                    530,844
Taxes Payable                                       1,222,894
Other:                                                      -
                                                 ------------
     Total Postpetition Liabilities                 6,825,269

Secured Liabilities:
Subject to Postpetition Collateral or DIP Order             -
All Other Secured Liabilities                      50,932,861
                                                 ------------
     Total Secured Liabilities                     50,932,861

Prepetition Liabilities:
Taxes and Other Priority Liabilities                2,174,588
Unsecured Liabilities:                             48,368,180
Other:                                                      -
                                                 ------------
     Total Prepetition Liabilities                 50,542,768

EQUITY:
Owners Capital                                     20,827,488
Retained Earnings - Prepetition                   (24,221,702)
Retained Earnings - Postpetition                  (11,641,821)

    Total Equity:                                 (15,036,035)
                                                 ------------
TOTAL LIABILITIES AND EQUITY                      $93,264,863
                                                 ============

               Blue Water Automotive Systems, Inc.
                 Unaudited Operating Statement
                   Month Ended June 29, 2008

Total Revenue/Sales                               $27,946,359
Cost of Sales                                      25,732,043
                                                 ------------
    Gross Profit                                    2,214,316

Expenses:
Officer compensation                                   40,385
Salary Expenses other Employees                       729,474
Employee Benefits & Pensions                          159,521
Payroll Taxes                                          55,794
Other Taxes                                            87,194
Rent and Lease Expense                                134,615
Interest Expense                                      282,750
Insurance                                               7,842
Automobile and Truck Expense                           49,901
Utilities (gas, electric, phone)                        3,898
Depreciation                                           25,857
Travel and Entertainment                               49,299
Repairs and Maintenance                                35,852
Advertising                                                 -
Supplies, Office Expense, etc                         169,814
Other Specify: Legal                                   30,000
Other Specify: Misc                                   113,000
                                                 ------------
     Total Expenses                                 1,975,196
                                                 ------------
Net Operating Profit (Loss)                           239,120

Add: Non-Operating Income
        Interest Income                                     -
        Other Income                                        -

Less: Non Operating Expenses
         Professional Fees                                  -
         Other                                      3,769,935
                                                 ------------
NET INCOME/(LOSS)                                 ($3,530,815)
                                                 ============

            Blue Water Automotive Properties L.L.C
                 Unaudited Balance Sheet
                    As of June 29, 2008

ASSETS:
Cash                                                 $223,173
Inventory                                                   -
Accounts Receivable                                         -
Insider Receivables                                         -
Land and Buildings                                 27,459,896
Furniture, Fixtures & Equipment                             -
Accumulated Depreciation                           (3,244,755)
Other: Current Assets                                 464,250
Other: Long Term Assets                                     -
                                                 ------------
TOTAL ASSETS                                      $24,902,564
                                                 ============
LIABILITIES:
Postpetition Liabilities:
Accounts Payable                                            -
Rent and Lease Payable                                      -
Wages and Salaries                                          -
Taxes Payable                                               -
Other:                                                437,489
                                                 ------------
     Total Postpetition Liabilities                   437,489

Secured Liabilities:
Subject to Postpetition Collateral or DIP Order             -
All Other Secured Liabilities                      14,724,436
                                                 ------------
     Total Secured Liabilities                     14,724,436

Prepetition Liabilities:
Taxes and Other Priority Liabilities                        -
Unsecured Liabilities:                                      -
Other:                                             11,945,925
                                                 ------------
     Total Prepetition Liabilities                 11,945,925

EQUITY:
Owners Capital                                              -
Retained Earnings - Prepetition                    (1,678,107)
Retained Earnings - Postpetition                     (527,179)

    Total Equity:                                  (2,205,286)
                                                 ------------
TOTAL LIABILITIES AND EQUITY                      $24,902,564
                                                 ============

               Blue Water Automotive Systems, Inc.
                  Unaudited Operating Statement
                    Month Ended June 29, 2008

Total Revenue/Sales                                        $0
Cost of Sales                                         104,695
                                                 ------------
    Gross Profit                                     (104,695)

Expenses:
Officer compensation                                        -
Salary Expenses other Employees                             -
Employee Benefits & Pensions                                -
Payroll Taxes                                               -
Other Taxes                                                 -
Rent and Lease Expense                                      -
Interest Expense                                      105,313
Insurance                                                   -
Automobile and Truck Expense                                -
Utilities (gas, electric, phone)                            -
Depreciation                                                -
Travel and Entertainment                                    -
Repairs and Maintenance                                     -
Advertising                                                 -
Supplies, Office Expense, etc                               -
Other Specify: Legal                                        -
Other Specify: Misc                                         -
                                                 ------------
     Total Expenses                                   105,313
                                                 ------------
Net Operating Profit (Loss)                          (210,008)

Add: Non-Operating Income
        Interest Income                                     -
        Other Income                                  133,718

Less: Non Operating Expenses
         Professional Fees                                  -
         Other                                              -
                                                 ------------
NET INCOME/(LOSS)                                    ($76,290)
                                                 ============

                 Blue Water Plastics Mexico Ltd.
                    Unaudited Balance Sheet
                      As of June 29, 2008

ASSETS:
Cash                                                        -
Inventory                                                   -
Accounts Receivable                                      ($25)
Insider Receivables                                         -
Land and Buildings                                          -
Furniture, Fixtures & Equipment                             -
Accumulated Depreciation                                    -
Other: Current Assets                               1,640,857
Other: Long Term Assets                                     -
                                                 ------------
TOTAL ASSETS                                       $1,640,832
                                                 ============
LIABILITIES:
Postpetition Liabilities:
Accounts Payable                                            -
Rent and Lease Payable                                      -
Wages and Salaries                                          -
Taxes Payable                                               -
Other:                                                      -
                                                 ------------
     Total Postpetition Liabilities                         -

Secured Liabilities:
Subject to Postpetition Collateral or DIP Order             -
All Other Secured Liabilities                               -
                                                 ------------
     Total Secured Liabilities                              -

Prepetition Liabilities:
Taxes and Other Priority Liabilities                        -
Unsecured Liabilities:                                      -
Other:                                             11,945,925
                                                 ------------
     Total Prepetition Liabilities                 11,945,925

EQUITY:
Owners Capital                                      2,110,000
Retained Earnings - Prepetition                      (469,168)
Retained Earnings - Postpetition                            -

    Total Equity:                                   1,640,832
                                                 ------------
TOTAL LIABILITIES AND EQUITY                       $1,640,832
                                                 ============

Blue Water Plastics Mexico, Ltd., B.W.A.S. Mexico, L.L.C. and
B.W.A.S.Holdings, Inc., all posted $0 in revenues, assets and
liabilities for the month ended June 29, 2008.

                 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 operations 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, serve as the Debtors' bankruptcy counsel.
Administar Services Group LLC acts as the Debtors' claims,
notice, and balloting agent. Blue Water's bankruptcy petition
lists assets and liabilities each in the range of $100 million to
$500 million.

The Debtors filed their Liquidation Plan on May 9, 2008.  The Plan
contemplates a sale of substantially all of the Debtors' assets
and equity interests, except for a piece of real property located
at Yankee Road, in St. Clair, Michigan.  The Plan has been
confirmed by the Court.

(Blue Water Automotive Bankruptcy News, Issue No. 25, Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or    
215/945-7000)


DELTA FINANCIAL: Files Monthly Operating Report for June 2008
-------------------------------------------------------------

              Delta Financial Corp. and Subsidiaries
               Unaudited Consolidated Balance Sheet
                       As of June 30, 2008

Assets

Cash and cash equivalents                            $6,732,712
Mortgage loans held for sale, net                             0
Mortgage loans held for investment, net of
   discount and deferred fees                                 0
Less: allowance for loan losses                               0
                                                     ----------  
Mortgage loans held for investment, net                       0

Trustee receivable                                            0     
Accrued interest receivable                                   0       
Excess cash flow certificates                                 0        
Equipment, net                                                0        
Accounts receivable                                  10,587,157
Prepaid and other assets                              5,732,230
Deferred tax asset                                         
                                                    -----------
Total Assets                                        $23,052,098
                                                    ===========

Liabilities and Stockholder's Equity

Liabilities:

Bank payable                                                 $0
Warehouse financing                                           0
Financing on mortgage loans
   held for investment, net                                   0
Other borrowings                                              0
Accrued interest payable                                      0
Accounts payable and other liabilities               11,550,371
Long term liabilities                                 5,274,031
Deferred tax liability                                        
                                                    -----------
Total Liabilities                                    16,824,402

Stockholders' Equity:

Preferred stock - REIT                                     
Common stock                                            254,792
Additional paid-in capital                          158,301,751
Retained earnings (accumulated deficit)            (151,010,693)
Accumulated other comprehensive income (loss)              
Treasury stock, at cost                              (1,318,154)
                                                    -----------  
Total stockholders' equity                            6,227,696
                                                    -----------  
Total liabilities and stockholders' equity          $23,052,098
                                                    ===========  

             Delta Financial Corp. and Subsidiaries
         Unaudited Consolidated Statements of Operations
             Consolidated Statements of Operations
             For the Six Months Ended June 30, 2008


Interest income                                        $146,249
Interest expense                                     (1,246,870)
                                                    -----------
Net interest income                                  (1,100,621)
Provision for loan loss                                       0
                                                    -----------
Net interest income after provision for loan loss    (1,100,621)

Non-interest income

Net gain on sale of mortgage loans                     (190,829)
Other income                                         42,882,369
                                                    -----------
Total non-interest income                            42,691,540

Non-interest expense

Payroll and related costs                             1,984,893
General and administrative                            5,419,824
(Gain) loss on derivative instruments                         0  
                                                    -----------
Total non-interest expense                            7,404,718

Income (loss) before income tax expense (benefit)    34,186,202
Provision for income tax expense (benefit)                    0   
                                                    -----------
Net income (loss)                                   $34,186,202
                                                    ===========

Since January 2008, the Debtors have made payments to these
retained professionals:

   Professional           Role                    Fees  Expenses
   ------------           ----                    ----  --------
   AlixPartners, LLP      Claims Agent         $110,098  $42,075
                          to Debtors

   Morrison & Foerster    General Bankruptcy    662,922   19,853
                          Counsel to Debtors

   FTI Consulting         Financial Advisors    163,886    1,645
                          to Debtors

   Pepper Hamilton LLP    Delaware Counsel       87,795   14,668  
                          to Debtors

   Weiser LLP             Financial Advisor      52,548       40
                          to Committee

   Landis Rath & Cobb LLP Delaware Counsel       22,906    1,771
                          to Committee

   Epiq Systems           Claims Agent              102        8        

   Crowell & Moring       O.C. Professional         195        0  

   CT Corporation         O.C. Professional      10,368        0        

   Pentalpha Group LLC    O.C. Professional      36,869    1,132

   Goldstein Jones LLP    O.C. Professional       1,725      121

   Jenner & Block LLP     O.C. Professional      94,497    5,158

   EmphaSys Tech., Inc.   O.C. Professional      15,500        0
                                             ---------- --------
   Total                                     $1,259,410  $86,470

                       About Delta Financial

Founded in 1982, Delta Financial Corporation (NASDAQ: DFC) --
http://www.deltafinancial.com/-- is a Woodbury, New York-based
specialty consumer finance company that originates, securitizes
and sells non-conforming mortgage loans.

The company filed a chapter 11 petition on December 17, 2007
(Bankr. D. Del. Lead Case No. 07-11880).  On the same day, three
affiliates filed separate chapter 11 petitions -- Delta Funding
Corp., Renaissance Mortgage Acceptance Corp., and Renaissance
R.E.I.T. Investment Corp. -- (Bankr. D. Del. Case Nos. 07-11881 to
07-11883).  The Debtors' petition listed D.B. Structured Products
Inc. as their largest unsecured creditor holding a $19,500,000
claim.

The Debtors selected Morrison & Foerster LLP as their general
bankruptcy counsel and David B. Stratton, Esq. and James C.
Carignan, Esq. at Pepper Hamilton LLP as their counsel.  The
Debtors hired AlixPartners LLP as their claims agent.  The
Official Committee of Unsecured Creditors retained Landis Rath &
Cobb LLP as its Delaware counsel.

The Debtors have asked for further extension to their exclusive
plan filing period through July 25, 2008, and solicit and obtain
acceptances of that plan, through Sept. 26, 2008.  (Delta
Financial Bankruptcy News, Issue No. 11; Bankruptcy Creditors'
Service Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


FORTUNOFF: Delivers Operating Report for Month Ended June 2008
--------------------------------------------------------------

                 Source Financing Corp./Fortunoff
                          Balance Sheet
                                                                                  
                                         As of
                                       June 30,   Petition Date
                                         2008      or Scheduled
                                    ------------- -------------
                             ASSETS                              

Current assets:
   Unrestricted cash & equivalents     $3,585,338    $1,384,000
   Restricted Cash & Cash equivalents     990,867             -
   Accounts receivable                  1,009,615     3,111,000
   Inventories                                  -    95,568,000
   Prepaid expenses                             -     3,612,000
   Profesional Retainers                  255,267             -
   Other current assets                         -     6,332,000
                                     ------------  ------------
Total current assets                    5,841,087   110,007,000

Property & Equipment:
   Real property & improvements                 -             0
   Machinery & equipment                        -     5,915,000
   Furniture, fixtures, & office equip.         -    20,582,000
   Leashehold improvements                      -    28,251,000
   Vehicles                                     -             0
   Less:  Accumulated depreciation              -   (18,292,000)
                                     ------------  ------------
Total Property & Equipment                           36,456,000

Other Assets:
   Amounts due from insiders                                  0
   Other assets -- utility deposit                   86,179,000
                                                   ------------
Total other assets                                   86,179,000
                                     ------------  ------------
Total Assets                           $5,841,087  $232,642,000
                                     ============  ============

                   LIABILITIES & OWNER EQUITY

Liabilities Subject to Compromise
   (Postpetition):
   Accounts Payable                       $84,351             -
   Taxes Payable                                -             -
   Wages Payable                                -             -
   Notes Payable                                -             -
   Rent/Leases - Building Equipment        67,765             -
   Secured Debt                                 -             -
   Professional Fees                      975,573             -
   Amounts Due to Insider                       -             -
   Other Postpetition Liabilities         489,582             -
                                     ------------  ------------
Total Postpetition Liabilities          1,617,271             -

Liabilities Subject to Compromise
   (Prepetition):
   Secured debt (Term D Loan)          19,708,000   $88,565,000
   Priority debt (20-day claims)        9,023,482     9,023,482
   Unsecured debt                      98,171,687   183,346,518
                                     ------------  ------------
Total Prepetition Liabilities         126,903,169   280,935,000
                                     ------------  ------------
Total Liabilities                    $128,520,440   280,935,000

Owners' Equity:
   Capital stock                                     77,412,000
   Retained earnings, prepetition               -  (125,705,000)
   Retained earnings, postpetition              -             -
                                     ------------  ------------
Net Owners' Equity                              -   (48,293,000)
                                     ------------  ------------
Total Liabilities & Owners Equity               -  $232,642,000
                                     ============  ============

                 Source Financing Corp./Fortunoff
                     Statement of Operations
                 For the month ended June 30, 2008

Revenues:
   Gross Revenues, net                                        -

Cost of Goods Sold:
   Beginning inventory                                        -
   Purchases                                                  -
   Less:  Ending inventory                                    -
                                                   ------------
Cost of goods sold                                            -
                                                   ------------
Gross profit                                                  -

Operating Expenses:
   Advertising                                                -
   Bad debts                                                  -
   Employee benefits programs                                 -
   Officer/insider compensation                               -
   Insurance                                                  -
   Office expense                                             -
   Repairs & maintenance                                      -
   Rent & lease expense                                       -
   Salaries/commissions/fees                                  -
   Supplies                                                   -
   Taxes - payroll                                            -
   Taxes - real estate                                        -
   Taxes - other                                              -
   Travel & entertainment                                     -
   Others                                                 6,929
                                                   ------------
Total operating expenses before depreciation              6,929
Depreciation/depletion/amortization                           -
                                                   ------------
Net profit before other income & expenses                (6,929)

Other Income & Expenses:
   Other income                                           7,463
   Interest expense                                           -
                                                   ------------
Net profit before reorganization items                      534

Reorganization Items:
   Professional fees                                     84,239
   U.S. Trustee quarterly fees                                -
                                                   ------------
Total reorganization expenses                            84,239
                                                   ------------
Net profit (loss)                                      ($83,705)
                                                   ============

                 Source Financing Corp./Fortunoff
              Schedule of Cash Receipts & Disbursement
                 For the month ended June 30, 2008

Cash - beginning of month                            $3,583,964

Receipts:
   Cash sales                                                 -
   Accounts Receivable, prepetition                           -
   Accounts Receivable, postpetition                          -
   Loans & advances                                           -
   Others                                                 7,463
                                                   ------------
Total receipts                                            7,463

Disbursements:
   Net payroll                                                -
   Payroll taxes & 401k contributions                         -
   Sales, use, & other taxes                                  -
   Inventory purchases                                        -
   Insurance                                                  -
   Others                                                 6,089
   Professional fees                                          -
                                                   ------------
Total disbursements                                       6,089
                                                   ------------
Net cash flow                                             1,374
                                                   ------------
Cash - end of month                                  $3,585,338
                                                   ============

Fortunoff Fine Jewelry and Silverware, L.L.C., and its
affiliates, sold substantially all of their assets, including
their "Fortunoff" and "The Source" trademarks, on March 7, 2008,
to NRDC Equity Partners LLC's H Acquisition LLC, now known as
Fortunoff Holdings LLC.

                         About Fortunoff

New York-based Fortunoff Fine Jewelry and Silverware LLC --
http://www.fortunoff.com/-- is a family owned business since          
1922 founded by by Max and Clara Fortunoff.  Fortunoff offers
customers fine jewelry and watches, antique jewelry and silver,
everything for the table, fine gifts, home furnishings including
bedroom and bath, fireplace furnishings, housewares, and seasonal
shops including outdoor furniture shop in summer and enchanting
Christmas Store in the winter.  It opened some 20 satellite
stores in the New Jersey, Long Island, Connecticut and
Pennsylvania markets featuring outdoor furniture and grills
during the Spring/Summer season and indoor furniture (and in some
locations Christmas trees and decor) in the Fall/Winter season.

Fortunoff and two affiliates, M. Fortunoff of Westbury LLC and
Source Financing Corp., filed for chapter 11 petition on Feb. 4,
2008 (Bankr. S.D.N.Y. Case Nos. 08-10353 through 08-10355) in
order to effectuate a sale to NRDC Equity Partners LLC, --
http://www.nrdcequity.com/-- a private equity firm that
bought Lord & Taylor from Federated Department Stores.   

Due to the U.S. Trustee's objection, Fortunoff is backing out of
its request to employ Skadden Arps Meagher & Flom LLC, as
bankruptcy counsel.  Fortunoff is hiring Togut Segal & Segal LLP,
as their general bankruptcy counsel, but Skadden Arps will
continue to serve the Debtors as special counsel in connection
with the sale the Debtors' assets.  Logan & Company, Inc., serves
as the Debtors' claims, noticing, and balloting agent.  FTI
Consulting Inc. are the Debtors' proposed crisis manager.

An Official Committee of Unsecured Creditors has been appointed in
this case.  Effective March 6, 2008, Morrison & Foerster LLP is
counsel to the Creditors Committee in substitution of Otterbourg  
Steidler Houston & Rosen PC.  Mahoney Cohen & Company, CPA, P.C.,
serves as financial advisor to the Creditors' Committee.

In their schedules, Fortunoff Fine Jewelry listed $5,052,315 total
assets and $136,626,948 total liabilities; Source Financing Corp.
listed $154,680,100 total assets and $176,961,631 total
liabilities; and M. Fortunoff of Westbury LLC listed $6,300,955
total assets and $119,985,788 total liabilities.  The Debtors'
exclusive period to file a plan of reorganization ended June 3,
2008.  (Fortunoff Bankruptcy News, Issue No. 14; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or            
215/945-7000)


HOMEBANC CORP: Reports $4,822,000 Net Loss in May 2008
------------------------------------------------------

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

                             ASSETS

Cash                                                 $6,028,000
Restricted cash                                               0
Mortgage loans held for sale, net                     3,294,000
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                                         11,961,000
                                                ---------------
TOTAL ASSETS                                        $21,783,000
                                                ===============

                       LIABILITIES & EQUITY

Warehouse lines of credit                                    $0
Repurchase agreements                                         0
Loan funding payable                                  1,478,000
Accrued interest payable                                      0
Accrued expenses                                      5,545,000
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                                   182,283,000

Minority interest                                        64,000

Shareholders Equity:
  Preferred stock                                    47,992,000
  Common stock                                          571,000
  Additional paid-in capital                        278,865,000
  Accumulated deficit                              (470,088,000)
  Treasury stock                                    (17,904,000)
  Accumulated other comprehensive (loss) income               0
                                                ---------------
Total shareholder's equity                         (160,564,000)
                                                ---------------
TOTAL LIABILITIES & EQUITY                          $21,783,000
                                                ===============

          HomeBanc Mortgage Corporation and Subsidiaries
          Unaudited Consolidated Statement of Operations
                 For 5 Months Ended May 31, 2008

REVENUES
MBS interest income                                    $710,000
Other miscellaneous income                              384,000
                                                ---------------
Total revenues                                        1,094,000

EXPENSES
Professionals                                         3,193,000
Insurance                                               575,000
Contract personnel                                      200,000
Data facility                                                 0
Compensation and benefits                               312,000
Financial systems                                       122,000
Record storage                                           56,000
Medical insurance run-off payments                      196,000
Loan sales expense                                      117,000
U.S. trustee fees                                        47,000
Office rental                                            31,000
Other misc. operating expenses                        1,067,000
                                                ---------------
Total expenses                                        5,916,000
                                                ---------------
Income tax expense                                            0
                                                ---------------
Net Income (Loss)                                   ($4,822,000)
                                                ===============

          HomeBanc Mortgage Corporation and Subsidiaries
               Consolidated Statement of Cash Flows
               For the 5 Months Ended May 31, 2008

OPERATING ACTIVITIES
Net loss                                            ($4,822,000)

Adjustments to reconcile net loss to net cash
  (used in) provided by operating activities:
  (Increase) decrease in mortgage loans held for      2,117,000
    sale, net
  Decrease (interest) in other assets                 1,399,000
  Decrease in other liabilities                         (55,000)
                                                ---------------
Net cash (used in) provided by operating             (1,361,000)
  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                      (1,361,000)
Cash and cash equivalents at beginning of period      7,389,000
                                                ---------------
Cash and cash equivalents at end of period           $6,028,000
                                                ===============

                       About HomeBanc

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


HOMEBANC CORP: Reports $9,475,000 Net Loss in June 2008
-------------------------------------------------------

          HomeBanc Mortgage Corporation and Subsidiaries
               Unaudited Consolidated Balance Sheet
                       As of June 30, 2008

                              ASSETS

Cash                                                 $3,108,000
Restricted cash                                               0
Mortgage loans held for sale, net                     1,560,000
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                                         11,962,000
                                                ---------------
TOTAL ASSETS                                        $17,130,000
                                                ===============

                       LIABILITIES & EQUITY

Warehouse lines of credit                                    $0
Repurchase agreements                                         0
Loan funding payable                                  1,478,000
Accrued interest payable                                      0
Accrued expenses                                      5,545,000
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                                   182,283,000

Minority interest                                        64,000

Shareholders Equity:
  Preferred stock                                    47,992,000
  Common stock                                          571,000
  Additional paid-in capital                        278,865,000
  Accumulated deficit                              (474,741,000)
  Treasury stock                                    (17,904,000)
  Accumulated other comprehensive (loss) income               0
                                                ---------------
Total shareholder's equity                         (165,217,000)
                                                ---------------
TOTAL LIABILITIES & EQUITY                          $17,130,000
                                                ===============
  
          HomeBanc Mortgage Corporation and Subsidiaries
          Unaudited Consolidated Statement of Operations
                For 6 Months Ended June 30, 2008

REVENUES
MBS interest income                                    $805,000
Other miscellaneous income                              390,000
                                                ---------------
Total revenues                                        1,195,000

EXPENSES
Professionals                                         3,458,000
Insurance                                               575,000
Contract personnel                                      263,000
Data facility                                                 0
Compensation and benefits                               312,000
Financial systems                                       122,000
Record storage                                           59,000
Medical insurance run-off payments                      202,000
Loan sales expense                                      146,000
U.S. trustee fees                                        47,000
Office rental                                            47,000
Other misc. operating expenses                        5,441,000
                                                ---------------
Total expenses                                       10,670,000
                                                ---------------
Income tax expense                                            0
                                                ---------------
Net Income (Loss)                                   ($9,475,000)
                                                ===============

          HomeBanc Mortgage Corporation and Subsidiaries
               Consolidated Statement of Cash Flows
               For the 6 Months Ended June 30, 2008

OPERATING ACTIVITIES
Net loss                                            ($9,475,000)

Adjustments to reconcile net loss to net cash
  (used in) provided by operating activities:
  (Increase) decrease in mortgage loans held for      3,851,000
    sale, net
  Decrease (interest) in other assets                 1,398,000
  Decrease in other liabilities                         (55,000)
                                                ---------------
Net cash (used in) provided by operating             (4,281,000)
  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                      (4,281,000)
Cash and cash equivalents at beginning of period      7,389,000
                                                ---------------
Cash and cash equivalents at end of period           $3,108,000
                                                ===============

                       About HomeBanc

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


LINENS N THINGS: Bloomington Files Assets and Debts Schedules
-------------------------------------------------------------
Bloomington, MN. L.T., Inc., filed its Schedules of Assets and
Liabilities with the United States Bankruptcy Court for the
District of Delaware:

A     Real Property                                         None

B     Personal Property                                     None

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

C     Property Claimed                                      None

D     Creditors Holding Secured Claims                      None

E     Creditors Holding Unsecured Priority Claims           None

F     Creditors Holding Unsecured Nonpriority Claims
         Linens 'n Things Canada                     $47,786,196
         NJ Secretary of State                               495
         CSC Networks                                        213

      TOTAL SCHEDULED LIABILITIES                    $47,786,904
      ==========================================================

Clifton, New Jersey-based Linens 'n Things, Inc. --
http://www.lnt.com/-- is the second largest specialty retailer    
of home textiles, housewares and home accessories in North America
operating 589 stores in 47 U.S. states and seven Canadian
provinces as of Dec. 29, 2007.  The company is a destination
retailer, offering one of the broadest and deepest selections of
high quality brand-name as well as private label home furnishings
merchandise in the industry.  Linens 'n Things has some 585
superstores (33,000 sq. ft. and larger), emphasizing low-priced,
brand-name merchandise, in more than 45 states and about seven
Canadian provinces.  Brands include Braun, Krups, Calphalon,
Laura Ashley, Croscill, Waverly, and the company's own label.  
Linens 'n Things was acquired by private equity firm Apollo
Management in 2006.

On May 2, 2008, these Linens entities filed chapter 11 petition
(Bankr. D. Del.): Linens Holding Co. (08-10832), Linens 'n Things,
Inc. (08-10833), Linens 'n Things Center, Inc. (08-10834),
Bloomington, MN., L.T., Inc. (08-10835), Vendor Finance, LLC (08-
10836), LNT, Inc. (08-10837), LNT Services, Inc. (08-10838), LNT
Leasing II, LLC (08-10839), LNT West, Inc. (08-10840), LNT
Virginia LLC (08-10841), LNT Merchandising Company LLC (08-10842),
LNT Leasing III, LLC (08-10843), and Citadel LNT, LLC (08-10844).  
Judge Christopher S. Sontchi presides over the case.

The Debtors' bankruptcy counsels are Mark D. Collins, Esq., John
H. Knight, Esq., Michael J. Merchant, Esq., and Jason M. Madron,
Esq., at Richards, Layton & Finger, P.A.  The Debtor's special
corporate counsels are Holland N. O'Neil, Esq., Ronald M.
Gaswirth, Esq., Stephen A. McCartin, Esq., Randall G. Ray, Esq.,
and Michael S. Haynes, Esq., at Gardere Wynne Sewell LLP; and
Howard S. Beltzer, Esq., and Wendy S. Walker, Esq., at Morgan,
Lewis & Bockius LLP.  The Debtors' restructuring management
services provider is Conway, Del Genio, Gries & Co., LLC.  The
Debtors' CRO/Interim CEO is  Michael F. Gries, co-founder of
Conway Del Genio Gries & Co., LLC.  The Debtors' claims agent is
Kurtzman Carson Consultants LLC.  The Debtors' consultants are
Asset Disposition Advisors, LLC, and Protiviti, Inc.  Their
investment bankers are Financo, Inc. and Genuity Capital Markets.

The Official Committee of Unsecured Creditors is represented by
Scott L. Hazan, Esq., and Glenn Rice, at Otterbourg Steindler
Houston & Rosen P.C., as lead counsel.  Norman L. Pernick, Esq.,
at Cole, Schotz, Meisel, Forman & Leonard, P.A., in Wilmington,
Delaware, serves as local co-counsel.  Carl Marks Advisory Group
LLC serves as financial advisor to the Creditors' Committee.  A
Noteholder Committee has been formed and is represented by
Kasowitz, Benson, Torres & Friedman LLP, and Pachulski Stang Ziehl
& Jones.

(Bankruptcy News About Linens 'n Things, Issue No. 14; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or    
215/945-7000)


LINENS N THINGS: Citadel LNT Files Assets and Debts Schedules
-------------------------------------------------------------
Citadel LNT, LLC filed its Schedules of Assets and Liabilities
with the United States Bankruptcy Court for the District of
Delaware:

A     Real Property                                         None

B     Personal Property                                     None

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

C     Property Claimed                                      None

D     Creditors Holding Secured Claims                      None

E     Creditors Holding Unsecured Priority Claims           None

F     Creditors Holding Unsecured Nonpriority Claims
         Linens 'n Things Canada                     $47,786,196
         CSC Networks                                        213

      TOTAL SCHEDULED LIABILITIES                    $47,786,409
      ==========================================================

Clifton, New Jersey-based Linens 'n Things, Inc. --
http://www.lnt.com/-- is the second largest specialty retailer    
of home textiles, housewares and home accessories in North America
operating 589 stores in 47 U.S. states and seven Canadian
provinces as of Dec. 29, 2007.  The company is a destination
retailer, offering one of the broadest and deepest selections of
high quality brand-name as well as private label home furnishings
merchandise in the industry.  Linens 'n Things has some 585
superstores (33,000 sq. ft. and larger), emphasizing low-priced,
brand-name merchandise, in more than 45 states and about seven
Canadian provinces.  Brands include Braun, Krups, Calphalon,
Laura Ashley, Croscill, Waverly, and the company's own label.  
Linens 'n Things was acquired by private equity firm Apollo
Management in 2006.

On May 2, 2008, these Linens entities filed chapter 11 petition
(Bankr. D. Del.): Linens Holding Co. (08-10832), Linens 'n Things,
Inc. (08-10833), Linens 'n Things Center, Inc. (08-10834),
Bloomington, MN., L.T., Inc. (08-10835), Vendor Finance, LLC (08-
10836), LNT, Inc. (08-10837), LNT Services, Inc. (08-10838), LNT
Leasing II, LLC (08-10839), LNT West, Inc. (08-10840), LNT
Virginia LLC (08-10841), LNT Merchandising Company LLC (08-10842),
LNT Leasing III, LLC (08-10843), and Citadel LNT, LLC (08-10844).  
Judge Christopher S. Sontchi presides over the case.

The Debtors' bankruptcy counsels are Mark D. Collins, Esq., John
H. Knight, Esq., Michael J. Merchant, Esq., and Jason M. Madron,
Esq., at Richards, Layton & Finger, P.A.  The Debtor's special
corporate counsels are Holland N. O'Neil, Esq., Ronald M.
Gaswirth, Esq., Stephen A. McCartin, Esq., Randall G. Ray, Esq.,
and Michael S. Haynes, Esq., at Gardere Wynne Sewell LLP; and
Howard S. Beltzer, Esq., and Wendy S. Walker, Esq., at Morgan,
Lewis & Bockius LLP.  The Debtors' restructuring management
services provider is Conway, Del Genio, Gries & Co., LLC.  The
Debtors' CRO/Interim CEO is  Michael F. Gries, co-founder of
Conway Del Genio Gries & Co., LLC.  The Debtors' claims agent is
Kurtzman Carson Consultants LLC.  The Debtors' consultants are
Asset Disposition Advisors, LLC, and Protiviti, Inc.  Their
investment bankers are Financo, Inc. and Genuity Capital Markets.

The Official Committee of Unsecured Creditors is represented by
Scott L. Hazan, Esq., and Glenn Rice, at Otterbourg Steindler
Houston & Rosen P.C., as lead counsel.  Norman L. Pernick, Esq.,
at Cole, Schotz, Meisel, Forman & Leonard, P.A., in Wilmington,
Delaware, serves as local co-counsel.  Carl Marks Advisory Group
LLC serves as financial advisor to the Creditors' Committee.  A
Noteholder Committee has been formed and is represented by
Kasowitz, Benson, Torres & Friedman LLP, and Pachulski Stang Ziehl
& Jones.

(Bankruptcy News About Linens 'n Things, Issue No. 14; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or    
215/945-7000)


LINENS N THINGS: LNT Leasing II Files Assets and Debts Schedules
----------------------------------------------------------------
LNT Leasing II, LLC filed its Schedules of Assets and Liabilities
with the United States Bankruptcy Court for the District of
Delaware:

A     Real Property                                         None

B     Personal Property
B.29  Equipment and Supplies for Business
         Furnishings and fixtures                    $52,244,709


      TOTAL SCHEDULED ASSETS                         $52,244,709
      ==========================================================

C     Property Claimed                                      None

D     Creditors Holding Secured Claims                      None

E     Creditors Holding Unsecured Priority Claims
         Pennsylvania Department of Revenue              Unknown

F     Creditors Holding Unsecured Nonpriority Claims
         Linens 'n Things Canada, Inc.                47,786,196

      TOTAL SCHEDULED LIABILITIES                    $47,786,196
      ==========================================================

Clifton, New Jersey-based Linens 'n Things, Inc. --
http://www.lnt.com/-- is the second largest specialty retailer    
of home textiles, housewares and home accessories in North America
operating 589 stores in 47 U.S. states and seven Canadian
provinces as of Dec. 29, 2007.  The company is a destination
retailer, offering one of the broadest and deepest selections of
high quality brand-name as well as private label home furnishings
merchandise in the industry.  Linens 'n Things has some 585
superstores (33,000 sq. ft. and larger), emphasizing low-priced,
brand-name merchandise, in more than 45 states and about seven
Canadian provinces.  Brands include Braun, Krups, Calphalon,
Laura Ashley, Croscill, Waverly, and the company's own label.  
Linens 'n Things was acquired by private equity firm Apollo
Management in 2006.

On May 2, 2008, these Linens entities filed chapter 11 petition
(Bankr. D. Del.): Linens Holding Co. (08-10832), Linens 'n Things,
Inc. (08-10833), Linens 'n Things Center, Inc. (08-10834),
Bloomington, MN., L.T., Inc. (08-10835), Vendor Finance, LLC (08-
10836), LNT, Inc. (08-10837), LNT Services, Inc. (08-10838), LNT
Leasing II, LLC (08-10839), LNT West, Inc. (08-10840), LNT
Virginia LLC (08-10841), LNT Merchandising Company LLC (08-10842),
LNT Leasing III, LLC (08-10843), and Citadel LNT, LLC (08-10844).  
Judge Christopher S. Sontchi presides over the case.

The Debtors' bankruptcy counsels are Mark D. Collins, Esq., John
H. Knight, Esq., Michael J. Merchant, Esq., and Jason M. Madron,
Esq., at Richards, Layton & Finger, P.A.  The Debtor's special
corporate counsels are Holland N. O'Neil, Esq., Ronald M.
Gaswirth, Esq., Stephen A. McCartin, Esq., Randall G. Ray, Esq.,
and Michael S. Haynes, Esq., at Gardere Wynne Sewell LLP; and
Howard S. Beltzer, Esq., and Wendy S. Walker, Esq., at Morgan,
Lewis & Bockius LLP.  The Debtors' restructuring management
services provider is Conway, Del Genio, Gries & Co., LLC.  The
Debtors' CRO/Interim CEO is  Michael F. Gries, co-founder of
Conway Del Genio Gries & Co., LLC.  The Debtors' claims agent is
Kurtzman Carson Consultants LLC.  The Debtors' consultants are
Asset Disposition Advisors, LLC, and Protiviti, Inc.  Their
investment bankers are Financo, Inc. and Genuity Capital Markets.

The Official Committee of Unsecured Creditors is represented by
Scott L. Hazan, Esq., and Glenn Rice, at Otterbourg Steindler
Houston & Rosen P.C., as lead counsel.  Norman L. Pernick, Esq.,
at Cole, Schotz, Meisel, Forman & Leonard, P.A., in Wilmington,
Delaware, serves as local co-counsel.  Carl Marks Advisory Group
LLC serves as financial advisor to the Creditors' Committee.  A
Noteholder Committee has been formed and is represented by
Kasowitz, Benson, Torres & Friedman LLP, and Pachulski Stang Ziehl
& Jones.

(Bankruptcy News About Linens 'n Things, Issue No. 14; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or    
215/945-7000)


LINENS N THINGS: LNT Leasing III Files Assets and Debts Schedules
-----------------------------------------------------------------
LNT Leasing III filed its Schedules of Assets and Liabilities with
the United States Bankruptcy Court for the District of Delaware:

A     Real Property                                         None

B     Personal Property
B.29  Equipment and Supplies for Business            $33,689,815
        See http://ResearchArchives.com/t/s?306f

      TOTAL SCHEDULED ASSETS                         $33,689,815
      ==========================================================

C     Property Claimed                                      None

D     Creditors Holding Secured Claims                      None

E     Creditors Holding Unsecured Priority Claims           None

F     Creditors Holding Unsecured Nonpriority Claims
         Linens 'n Things Canada                     $47,786,196

      TOTAL SCHEDULED LIABILITIES                    $47,786,196
      ==========================================================

Clifton, New Jersey-based Linens 'n Things, Inc. --
http://www.lnt.com/-- is the second largest specialty retailer    
of home textiles, housewares and home accessories in North America
operating 589 stores in 47 U.S. states and seven Canadian
provinces as of Dec. 29, 2007.  The company is a destination
retailer, offering one of the broadest and deepest selections of
high quality brand-name as well as private label home furnishings
merchandise in the industry.  Linens 'n Things has some 585
superstores (33,000 sq. ft. and larger), emphasizing low-priced,
brand-name merchandise, in more than 45 states and about seven
Canadian provinces.  Brands include Braun, Krups, Calphalon,
Laura Ashley, Croscill, Waverly, and the company's own label.  
Linens 'n Things was acquired by private equity firm Apollo
Management in 2006.

On May 2, 2008, these Linens entities filed chapter 11 petition
(Bankr. D. Del.): Linens Holding Co. (08-10832), Linens 'n Things,
Inc. (08-10833), Linens 'n Things Center, Inc. (08-10834),
Bloomington, MN., L.T., Inc. (08-10835), Vendor Finance, LLC (08-
10836), LNT, Inc. (08-10837), LNT Services, Inc. (08-10838), LNT
Leasing II, LLC (08-10839), LNT West, Inc. (08-10840), LNT
Virginia LLC (08-10841), LNT Merchandising Company LLC (08-10842),
LNT Leasing III, LLC (08-10843), and Citadel LNT, LLC (08-10844).  
Judge Christopher S. Sontchi presides over the case.

The Debtors' bankruptcy counsels are Mark D. Collins, Esq., John
H. Knight, Esq., Michael J. Merchant, Esq., and Jason M. Madron,
Esq., at Richards, Layton & Finger, P.A.  The Debtor's special
corporate counsels are Holland N. O'Neil, Esq., Ronald M.
Gaswirth, Esq., Stephen A. McCartin, Esq., Randall G. Ray, Esq.,
and Michael S. Haynes, Esq., at Gardere Wynne Sewell LLP; and
Howard S. Beltzer, Esq., and Wendy S. Walker, Esq., at Morgan,
Lewis & Bockius LLP.  The Debtors' restructuring management
services provider is Conway, Del Genio, Gries & Co., LLC.  The
Debtors' CRO/Interim CEO is  Michael F. Gries, co-founder of
Conway Del Genio Gries & Co., LLC.  The Debtors' claims agent is
Kurtzman Carson Consultants LLC.  The Debtors' consultants are
Asset Disposition Advisors, LLC, and Protiviti, Inc.  Their
investment bankers are Financo, Inc. and Genuity Capital Markets.

The Official Committee of Unsecured Creditors is represented by
Scott L. Hazan, Esq., and Glenn Rice, at Otterbourg Steindler
Houston & Rosen P.C., as lead counsel.  Norman L. Pernick, Esq.,
at Cole, Schotz, Meisel, Forman & Leonard, P.A., in Wilmington,
Delaware, serves as local co-counsel.  Carl Marks Advisory Group
LLC serves as financial advisor to the Creditors' Committee.  A
Noteholder Committee has been formed and is represented by
Kasowitz, Benson, Torres & Friedman LLP, and Pachulski Stang Ziehl
& Jones.

(Bankruptcy News About Linens 'n Things, Issue No. 14; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or    
215/945-7000)


LINENS N THINGS: LNT Virginia Files Assets and Debts Schedules
--------------------------------------------------------------
LNT Virginia, Inc. filed its Schedules of Assets and Liabilities
with the United States Bankruptcy Court for the District of
Delaware:

A     Real Property                                         None

B     Personal Property
B.16  Accounts Receivable
         LNT on-line rewards                            $311,879
         Incomm                                          305,674
         American Express                                143,758
         Walgreen's                                      129,230
         Great Lakes Script Center Inc.                  108,000
         Trilegiant Loyalty Solutions                     77,478
         Verture/Member Works/Adaptive Marketing          77,200
         GiftCertificates.com                             44,875
         Velocity Fulfillment Services, Inc.              43,222
         Others                                          261,191
B.18  Other Liquidated Debts Owing Debtor
         Prepaid gift card supplies                    1,940,240

      TOTAL SCHEDULED ASSETS                          $3,442,747
      ==========================================================

C     Property Claimed                                      None

D     Creditors Holding Secured Claims                      None

E     Creditors Holding Unsecured Priority Claims           None

F     Creditors Holding Unsecured Nonpriority Claims
         Stored Value Systems, Inc.                  $53,097,438
         Linens 'N Things Canada                      47,786,196
         Others                                           90,420

      TOTAL SCHEDULED LIABILITIES                   $100,974,054
      ==========================================================

Clifton, New Jersey-based Linens 'n Things, Inc. --
http://www.lnt.com/-- is the second largest specialty retailer    
of home textiles, housewares and home accessories in North America
operating 589 stores in 47 U.S. states and seven Canadian
provinces as of Dec. 29, 2007.  The company is a destination
retailer, offering one of the broadest and deepest selections of
high quality brand-name as well as private label home furnishings
merchandise in the industry.  Linens 'n Things has some 585
superstores (33,000 sq. ft. and larger), emphasizing low-priced,
brand-name merchandise, in more than 45 states and about seven
Canadian provinces.  Brands include Braun, Krups, Calphalon,
Laura Ashley, Croscill, Waverly, and the company's own label.  
Linens 'n Things was acquired by private equity firm Apollo
Management in 2006.

On May 2, 2008, these Linens entities filed chapter 11 petition
(Bankr. D. Del.): Linens Holding Co. (08-10832), Linens 'n Things,
Inc. (08-10833), Linens 'n Things Center, Inc. (08-10834),
Bloomington, MN., L.T., Inc. (08-10835), Vendor Finance, LLC (08-
10836), LNT, Inc. (08-10837), LNT Services, Inc. (08-10838), LNT
Leasing II, LLC (08-10839), LNT West, Inc. (08-10840), LNT
Virginia LLC (08-10841), LNT Merchandising Company LLC (08-10842),
LNT Leasing III, LLC (08-10843), and Citadel LNT, LLC (08-10844).  
Judge Christopher S. Sontchi presides over the case.

The Debtors' bankruptcy counsels are Mark D. Collins, Esq., John
H. Knight, Esq., Michael J. Merchant, Esq., and Jason M. Madron,
Esq., at Richards, Layton & Finger, P.A.  The Debtor's special
corporate counsels are Holland N. O'Neil, Esq., Ronald M.
Gaswirth, Esq., Stephen A. McCartin, Esq., Randall G. Ray, Esq.,
and Michael S. Haynes, Esq., at Gardere Wynne Sewell LLP; and
Howard S. Beltzer, Esq., and Wendy S. Walker, Esq., at Morgan,
Lewis & Bockius LLP.  The Debtors' restructuring management
services provider is Conway, Del Genio, Gries & Co., LLC.  The
Debtors' CRO/Interim CEO is  Michael F. Gries, co-founder of
Conway Del Genio Gries & Co., LLC.  The Debtors' claims agent is
Kurtzman Carson Consultants LLC.  The Debtors' consultants are
Asset Disposition Advisors, LLC, and Protiviti, Inc.  Their
investment bankers are Financo, Inc. and Genuity Capital Markets.

The Official Committee of Unsecured Creditors is represented by
Scott L. Hazan, Esq., and Glenn Rice, at Otterbourg Steindler
Houston & Rosen P.C., as lead counsel.  Norman L. Pernick, Esq.,
at Cole, Schotz, Meisel, Forman & Leonard, P.A., in Wilmington,
Delaware, serves as local co-counsel.  Carl Marks Advisory Group
LLC serves as financial advisor to the Creditors' Committee.  A
Noteholder Committee has been formed and is represented by
Kasowitz, Benson, Torres & Friedman LLP, and Pachulski Stang
Ziehl & Jones.

(Bankruptcy News About Linens 'n Things, Issue No. 14; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or    
215/945-7000)


LINENS N THINGS: Vendor Finance Files Assets and Debts Schedules
----------------------------------------------------------------
Vendor Finance, LLC filed its Schedules of Assets and Liabilities
with the United States Bankruptcy Court for the District of
Delaware:

A     Real Property                                         None

B     Personal Property                                     None

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

C     Property Claimed                                      None

D     Creditors Holding Secured Claims                      None

E     Creditors Holding Unsecured Priority Claims           None

F     Creditors Holding Unsecured Nonpriority Claims
         Linens 'n Things Canada                     $47,786,196
         CSC Networks                                        107

      TOTAL SCHEDULED LIABILITIES                    $47,786,303
      ==========================================================

Clifton, New Jersey-based Linens 'n Things, Inc. --
http://www.lnt.com/-- is the second largest specialty retailer    
of home textiles, housewares and home accessories in North America
operating 589 stores in 47 U.S. states and seven Canadian
provinces as of Dec. 29, 2007.  The company is a destination
retailer, offering one of the broadest and deepest selections of
high quality brand-name as well as private label home furnishings
merchandise in the industry.  Linens 'n Things has some 585
superstores (33,000 sq. ft. and larger), emphasizing low-priced,
brand-name merchandise, in more than 45 states and about seven
Canadian provinces.  Brands include Braun, Krups, Calphalon,
Laura Ashley, Croscill, Waverly, and the company's own label.  
Linens 'n Things was acquired by private equity firm Apollo
Management in 2006.

On May 2, 2008, these Linens entities filed chapter 11 petition
(Bankr. D. Del.): Linens Holding Co. (08-10832), Linens 'n Things,
Inc. (08-10833), Linens 'n Things Center, Inc. (08-10834),
Bloomington, MN., L.T., Inc. (08-10835), Vendor Finance, LLC (08-
10836), LNT, Inc. (08-10837), LNT Services, Inc. (08-10838), LNT
Leasing II, LLC (08-10839), LNT West, Inc. (08-10840), LNT
Virginia LLC (08-10841), LNT Merchandising Company LLC (08-10842),
LNT Leasing III, LLC (08-10843), and Citadel LNT, LLC (08-10844).  
Judge Christopher S. Sontchi presides over the case.

The Debtors' bankruptcy counsels are Mark D. Collins, Esq., John
H. Knight, Esq., Michael J. Merchant, Esq., and Jason M. Madron,
Esq., at Richards, Layton & Finger, P.A.  The Debtor's special
corporate counsels are Holland N. O'Neil, Esq., Ronald M.
Gaswirth, Esq., Stephen A. McCartin, Esq., Randall G. Ray, Esq.,
and Michael S. Haynes, Esq., at Gardere Wynne Sewell LLP; and
Howard S. Beltzer, Esq., and Wendy S. Walker, Esq., at Morgan,
Lewis & Bockius LLP.  The Debtors' restructuring management
services provider is Conway, Del Genio, Gries & Co., LLC.  The
Debtors' CRO/Interim CEO is  Michael F. Gries, co-founder of
Conway Del Genio Gries & Co., LLC.  The Debtors' claims agent is
Kurtzman Carson Consultants LLC.  The Debtors' consultants are
Asset Disposition Advisors, LLC, and Protiviti, Inc.  Their
investment bankers are Financo, Inc. and Genuity Capital Markets.

The Official Committee of Unsecured Creditors is represented by
Scott L. Hazan, Esq., and Glenn Rice, at Otterbourg Steindler
Houston & Rosen P.C., as lead counsel.  Norman L. Pernick, Esq.,
at Cole, Schotz, Meisel, Forman & Leonard, P.A., in Wilmington,
Delaware, serves as local co-counsel.  Carl Marks Advisory Group
LLC serves as financial advisor to the Creditors' Committee.  A
Noteholder Committee has been formed and is represented by
Kasowitz, Benson, Torres & Friedman LLP, and Pachulski Stang Ziehl
& Jones.

(Bankruptcy News About Linens 'n Things, Issue No. 14; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or    
215/945-7000)


NEUMANN HOMES: Delivers June 30 Monthly Operating Report
--------------------------------------------------------

                   Neumann Homes, Inc., et al.
                   Receipts and Disbursements
                    Month Ended June 30, 2008

Beginning Balance in All Accounts:

Neumann Citibank Operating Account                    $228,253
Neumann Bank of America - old accounts (various)             -
Neumann Citibank - Customer Earnest
   Money Account                                            15
Neumann Citibank - Funding/Dip Account                 175,332
Neumann Citibank - Dip Funding -
   Professional Account                                      -
Restricted - Neumann Citibank - Glen at
   Lakemoor EM Account                                   1,223
Restricted - Neumann Citibank-Clublands
   Antioch Clubhouse                                   156,395
Restricted - IndyMac Escrow Acct - NeuVillage          125,609
Restricted - Chicago Title Escrow Account -
   Closed Homes                                        224,436
Restricted - Chicago Title Escrow Account -
   Lender Funded                                     1,377,147
Restricted - Citibank - Worker Comp Escrow               9,774
Restricted - NHI KERP Account                          108,921
Restricted - Land Title Guarantee Escrow               323,436
                                                    ----------
                                                    $2,730,541
                                                    ----------

Receipts:
Operations - Operating Account                         158,783
Operations - Customer Earnest Money Acct-Ckg                 -
Operations - Customer Earnest Money Acct-MM                  -
Funding/Dip Account                                          -
Glen at Lakemoor EM account                                  1
Clublands Antioch Clubhouse account                        222
Dip Funding - Professional account                           -
Restricted Escrow held by CTT-Lender Funding                 -
IndyMac Escrow for L/C-Leona's Neu Village                   -
Restricted Escrow held by CTT-(closings)                     -
NHI Worker Comp Escrow                                       -
NHI KERP Account                                             -
Other Receipts                                               -
                                                    ----------
                                                      $159,006
                                                    ----------

Disbursements:
Net Payroll:
   Officers                                             (3,778)
   Others                                              (44,063)
                                                    ----------
                                                       (47,841)

Taxes:
   Federal Income Tax Withholding                       (9,142)
   FICA/Medicare Withholdings EE                        (4,875)
   Employer's FICA/Medicare ER                          (4,875)
   Federal Unemployment Taxes ER                             -
   State Income Tax Withholding                         (1,795)
   Garnishments                                              -
   State Unemployment Taxes ER                            (231)
                                                    ----------
                                                       (20,918)

Necessary expenses:
   Rent or mortgage payment(s)                         (13,239)
   Utilities & phones                                   (1,054)
   Insurance                                            (7,800)
   Merchandise/services bought for manufacture or sale
   Other:
     Payroll Services                                     (676)
     Benefit Related including flex spending            (5,511)
     Miscellaneous                                           3
     Title Commitments & related charges                     -
     Postage, shipping, copying                             (6)
     Worker Comp Claims                                 (1,262)
     House Trades                                       (1,100)
     Other - Transfer                                   (2,180)
     Supplies & Storage & Misc.                           (451)
     Temporary Labor                                      (156)
     Transportation/travel/lodging                        (251)
     Consulting services                               (19,810)
     US Trustee Fees
     Legal - Professional Fees                        (115,800)
     Professional tax service fees                      (3,347)
     Filing Fees, Extension Fees
     Payroll tax adjustment                               (270)
                                                    ----------
                                                      (172,909)
                                                    ----------
Total Disbursements:                                  (241,668)   
                                                    ----------
Net Receipts (Disbursements) for the                   (82,662)
   Current period
                                                    ----------
Ending Balance in All Accounts                      $2,647,879
                                                    ==========

                        About Neumann Homes

Headquartered in Warrenville, Illinois, Neumann Homes Inc. --
http://www.neumannhomes.com/-- develops and builds residential
real estate throughout the Midwest and West US.  The company is
active in the Chicago area, southeastern Wisconsin, Colorado, and
Michigan.  The company have built more than 11,000 homes in some
150 residential communities.  The company offer formal business
training to employees through classes, seminars, and computer-
based training.

The company filed for Chapter 11 protection on Nov. 1, 2007
(Bankr. N.D. Ill. Case No. 07-20412).  George Panagakis, Esq., at
Skadded, Arps, Slate, Meagher & Flom L.L.P., was selected by the
Debtors to represent them in these cases.  The Official Committee
of Unsecured Creditors has selected Paul, Hastings, Janofsky &
Walker LLP, as its counsel in these bankruptcy proceeding.  When
the Debtors filed for protection against its creditors, they
listed assets and debts of more than $100 million.

The Debtor's exclusive plan filing will expire on Dec. 31, 2008.  
(Neumann Bankruptcy News, Issue No. 21; Bankruptcy Creditors'
Services Inc. http://bankrupt.com/newsstand/or 215/945-7000)


QUEBECOR WORLD: Submits Report for Month Ended February 2, 2008
---------------------------------------------------------------

                Quebecor World (USA), Inc., et al.
                      Combined Balance Sheet
                      As of February 2, 2008   
                  
                             ASSETS

Current Assets:
   Cash and Cash equivalents                       $115,800,000
   Trade and receivables                            604,600,000
   Inventories                                      168,200,000
   Prepaid Expenses                                  15,300,000
                                                 --------------
   Total current expenses                           903,900,000

Property, plant and equipment                     1,221,300,000
Goodwill                                            338,000,000
Other assets                                        177,500,000
                                                 --------------
   TOTAL ASSETS                                  $2,640,700,000
                                                 ==============

               LIABILITIES AND SHAREHOLDERS' DEFICIT
                
Current liabilities not subject to compromise:
   Bank indebtedness                                $22,200,000
   Trade payables and accrued liabilities           148,700,000
   Payables to related parties                        3,100,000
   Income and other taxes payable                    14,200,000
                                                 --------------
   Total current liabilities                        188,200,000
                                                 --------------
Other liabilities not subject to compromise:
   Long-term debt                                   473,900,000
   Other liabilities                                137,900,000
   Future income taxes                               75,100,000
   Liabilities subject compromise                 2,768,200,000

Shareholders equity:
   Capital stock                                  1,099,500,000
   Contributed surplus                              310,000,000
   Deficit                                       (2,412,700,000)
   Accumulated other comprehensive loss                 600,000
                                                 --------------
   Total Deficit                                 (1,002,600,000)
                                                 --------------
   TOTAL LIABILITIES AND DEFICIT                  $2,640,700,000
                                                 ==============

                Quebecor World (USA), Inc., et al.
                 Combined Statement of Operations
               For the month ended February 2, 2008

Operating Revenues                                $109,500,000

Operating expenses:
   Cost of sales                                    90,800,000
   Selling, general and administrative              10,700,000
   Depreciation and amortization                     7,100,000
                                                  ------------
   Total operating expenses                        108,600,000
                                                  ------------

Operating Income                                       900,000
Financial expenses                                  11,000,000
Reorganization items                                         0
Income taxes                                        (3,700,000)
                                                  ------------
Net loss and comprehensive loss                    ($6,400,000)
                                                  ============

                       About Quebecor World

Based in Montreal, Quebec, Quebecor World Inc. (TSX: IQW) (NYSE:
IQW), -- http://www.quebecorworldinc.com/-- provides market  
solutions, including marketing and advertising activities, well
as print solutions to retailers, branded goods companies,
catalogers and to publishers of magazines, books and other
printed media.  It has 127 printing and related facilities
located in North America, Europe, Latin America and Asia.  In
the United States, it has 82 facilities in 30 states, and is
engaged in the printing of books, magazines, directories, retail
inserts, catalogs and direct mail.

The company has operations in Mexico, Brazil, Colombia, Chile,
Peru, Argentina and the British Virgin Islands.

Quebecor World and 53 of its subsidiaries, including those in
Canada, filed a petition under the Companies' Creditors
Arrangement Act before the Superior Court of Quebec, Commercial
Division, in Montreal, Canada, on Jan. 20, 2008.  The Honorable
Justice Robert Mongeon oversees the CCAA case.  Francois-David
Pare, Esq., at Ogilvy Renault, LLP, represents the Company in
the CCAA case.  Ernst & Young Inc. was appointed as Monitor.

On Jan. 21, 2008, Quebecor World (USA) Inc., its U.S.
subsidiary, along with other U.S. affiliates, filed for chapter
11 bankruptcy on Jan. 21, 2008 (Bankr. S.D.N.Y Lead Case No. 08-
10152).  Anthony D. Boccanfuso, Esq., at Arnold & Porter LLP
represents the Debtors in their restructuring efforts.   The
Official Committee of Unsecured Creditors is represented by Akin
Gump Strauss Hauer & Feld LLP.

Based in Corby, Northamptonshire, Quebecor World PLC --
http://www.quebecorworldplc.com/-- is the U.K. subsidiary of  
Quebecor World Inc. that specializes in web offset magazines,
catalogues and specialty print products for marketing and
advertising campaigns.  The company employs around 290 people.
Quebecor PLC was placed into administration with Ian Best and
David Duggins of Ernst & Young LLP appointed as joint
administrators effective Jan. 28, 2008.

As of June 30, 2008, Quebecor World's unaudited consolidated
balance sheet showed total assets of $3,412,100,000, total
liabilities of $4,326,500,000, preferred shares of $62,000,000,
and total shareholders' deficit of $976,400,000.

The Debtors have until Sept. 30, 2008, to file a plan of
reorganization in the chapter 11 case.  The Debtors' CCAA stay
has been extended to Sept. 30, 2008.  (Quebecor World Bankruptcy
News, Issue No. 24; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).  


QUEBECOR WORLD: Submits Report for Month Ended March 1, 2008
------------------------------------------------------------

                Quebecor World (USA), Inc., et al.
                      Combined Balance Sheet
                       As of March 1, 2008   
                  
                             ASSETS

Current Assets:
   Cash and Cash equivalents                       $177,900,000
   Trade and receivables                            606,600,000
   Inventories                                      165,300,000
   Prepaid Expenses                                  19,900,000
                                                 --------------
   Total current expenses                           969,700,000

Property, plant and equipment                     1,209,400,000
Goodwill                                            338,000,000
Other assets                                        177,300,000
                                                 --------------
   TOTAL ASSETS                                  $2,694,400,000
                                                 ==============

               LIABILITIES AND SHAREHOLDERS' DEFICIT
                                                                 
Current liabilities not subject to compromise:
   Bank indebtedness                                $27,200,000
   Trade payables and accrued liabilities           192,000,000
   Payables to related parties                        3,200,000
   Income and other taxes payable                    13,200,000
                                                 --------------
   Total current liabilities                        235,600,000
                                                 --------------
Other liabilities not subject to compromise:
   Long-term debt                                   475,300,000
   Other liabilities                                138,200,000
   Future income taxes                               69,900,000
   Liabilities subject compromise                 2,786,600,000

Shareholders equity:
   Capital stock                                  1,099,500,000
   Contributed surplus                              310,000,000
   Deficit                                       (2,421,300,000)
   Accumulated other comprehensive loss                 600,000
                                                 --------------
   Total Deficit                                 (1,011,200,000)
                                                 --------------
   TOTAL LIABILITIES AND DEFICIT                 $2,694,400,000
                                                 ==============

                Quebecor World (USA), Inc., et al.
                 Combined Statement of Operations
                 For the month ended March 1, 2008


Operating Revenues                                 $246,600,000

Operating expenses:
   Cost of sales                                    203,100,000
   Selling, general and administrative               19,300,000
   Depreciation and amortization                     15,500,000
                                                   ------------
   Total operating expenses                         237,900,000
                                                   ------------

Operating income                                      8,700,000
Financial expenses                                   22,100,000
Reorganization items                                          0
Income taxes                                         (4,900,000)
                                                   ------------
Net loss and comprehensive loss                     ($8,500,000)
                                                   ============

                       About Quebecor World

Based in Montreal, Quebec, Quebecor World Inc. (TSX: IQW) (NYSE:
IQW), -- http://www.quebecorworldinc.com/-- provides market  
solutions, including marketing and advertising activities, well
as print solutions to retailers, branded goods companies,
catalogers and to publishers of magazines, books and other
printed media.  It has 127 printing and related facilities
located in North America, Europe, Latin America and Asia.  In
the United States, it has 82 facilities in 30 states, and is
engaged in the printing of books, magazines, directories, retail
inserts, catalogs and direct mail.

The company has operations in Mexico, Brazil, Colombia, Chile,
Peru, Argentina and the British Virgin Islands.

Quebecor World and 53 of its subsidiaries, including those in
Canada, filed a petition under the Companies' Creditors
Arrangement Act before the Superior Court of Quebec, Commercial
Division, in Montreal, Canada, on Jan. 20, 2008.  The Honorable
Justice Robert Mongeon oversees the CCAA case.  Francois-David
Pare, Esq., at Ogilvy Renault, LLP, represents the Company in
the CCAA case.  Ernst & Young Inc. was appointed as Monitor.

On Jan. 21, 2008, Quebecor World (USA) Inc., its U.S.
subsidiary, along with other U.S. affiliates, filed for chapter
11 bankruptcy on Jan. 21, 2008 (Bankr. S.D.N.Y Lead Case No. 08-
10152).  Anthony D. Boccanfuso, Esq., at Arnold & Porter LLP
represents the Debtors in their restructuring efforts.   The
Official Committee of Unsecured Creditors is represented by Akin
Gump Strauss Hauer & Feld LLP.

Based in Corby, Northamptonshire, Quebecor World PLC --
http://www.quebecorworldplc.com/-- is the U.K. subsidiary of  
Quebecor World Inc. that specializes in web offset magazines,
catalogues and specialty print products for marketing and
advertising campaigns.  The company employs around 290 people.
Quebecor PLC was placed into administration with Ian Best and
David Duggins of Ernst & Young LLP appointed as joint
administrators effective Jan. 28, 2008.

As of June 30, 2008, Quebecor World's unaudited consolidated
balance sheet showed total assets of $3,412,100,000, total
liabilities of $4,326,500,000, preferred shares of $62,000,000,
and total shareholders' deficit of $976,400,000.

The Debtors have until Sept. 30, 2008, to file a plan of
reorganization in the chapter 11 case.  The Debtors' CCAA stay
has been extended to Sept. 30, 2008.  (Quebecor World Bankruptcy
News, Issue No. 24; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


QUEBECOR WORLD: Submits Report for Month Ended March 29, 2008
-------------------------------------------------------------

                 Quebecor World (USA), Inc., et al.
                      Combined Balance Sheet
                       As of March 29, 2008

                              ASSETS
                            
Current Assets
   Cash and Cash equivalents                      $138,600,000
   Trade and receivables                           626,700,000
   Inventories                                     149,100,000
   Prepaid Expenses                                 37,500,000
                                                --------------
   Total current expenses                          951,900,000
                                                --------------
   Property, plant and equipment                 1,213,700,000
   Goodwill                                        337,900,000
   Other assets                                    176,800,000
                                                --------------
   TOTAL ASSETS                                 $2,680,300,000
                                                ==============
                                                 
               LIABILITIES AND SHAREHOLDERS' DEFICIT
               
Current liabilities not subject to compromise:
   Bank indebtedness                               $24,600,000
   Trade payables and accrued liabilities          217,800,000
   Payables to related parties                       3,100,000
   Income and other taxes payable                   12,400,000
                                                --------------
   Total current liabilities                       257,900,000
                                                --------------

Other liabilities not subject to compromise:
   Long-term debt                                  499,000,000
   Other liabilities                               138,400,000
   Future income taxes                              91,200,000
   Liabilities subject compromise                2,804,800,000

Shareholders equity:
   Capital stock                                 1,099,500,000
   Contributed surplus                             310,000,000
   Retained earnings                            (2,521,100,000)
   Accumulated other comprehensive loss                600,000
                                                --------------
   Total Deficit                                (1,111,000,000)
                                                --------------
   TOTAL LIABILITIES AND DEFICIT                $2,680,300,000
                                                ==============

                Quebecor World (USA), Inc., et al.
                 Combined Statement of Operations
                For the month ended March 29, 2008

Operating Revenues                                $228,400,000

Operating expenses:
   Cost of sales                                   188,400,000
   Selling, general and administrative              24,900,000
   Depreciation and amortization                    12,900,000
   Restructuring and other charges                   3,800,000
                                                  ------------
   Total operating expenses                        230,000,000
                                                  ------------
   Operating income                                 (1,600,000)

Financial expenses                                  39,800,000
Reorganization items                                22,900,000
Income taxes                                        28,000,000
                                                  ------------
   Net loss and comprehensive loss                ($92,300,000)
                                                  ============

                       About Quebecor World

Based in Montreal, Quebec, Quebecor World Inc. (TSX: IQW) (NYSE:
IQW), -- http://www.quebecorworldinc.com/-- provides market  
solutions, including marketing and advertising activities, well
as print solutions to retailers, branded goods companies,
catalogers and to publishers of magazines, books and other
printed media.  It has 127 printing and related facilities
located in North America, Europe, Latin America and Asia.  In
the United States, it has 82 facilities in 30 states, and is
engaged in the printing of books, magazines, directories, retail
inserts, catalogs and direct mail.

The company has operations in Mexico, Brazil, Colombia, Chile,
Peru, Argentina and the British Virgin Islands.

Quebecor World and 53 of its subsidiaries, including those in
Canada, filed a petition under the Companies' Creditors
Arrangement Act before the Superior Court of Quebec, Commercial
Division, in Montreal, Canada, on Jan. 20, 2008.  The Honorable
Justice Robert Mongeon oversees the CCAA case.  Francois-David
Pare, Esq., at Ogilvy Renault, LLP, represents the Company in
the CCAA case.  Ernst & Young Inc. was appointed as Monitor.

On Jan. 21, 2008, Quebecor World (USA) Inc., its U.S.
subsidiary, along with other U.S. affiliates, filed for chapter
11 bankruptcy on Jan. 21, 2008 (Bankr. S.D.N.Y Lead Case No. 08-
10152).  Anthony D. Boccanfuso, Esq., at Arnold & Porter LLP
represents the Debtors in their restructuring efforts.   The
Official Committee of Unsecured Creditors is represented by Akin
Gump Strauss Hauer & Feld LLP.

Based in Corby, Northamptonshire, Quebecor World PLC --
http://www.quebecorworldplc.com/-- is the U.K. subsidiary of  
Quebecor World Inc. that specializes in web offset magazines,
catalogues and specialty print products for marketing and
advertising campaigns.  The company employs around 290 people.
Quebecor PLC was placed into administration with Ian Best and
David Duggins of Ernst & Young LLP appointed as joint
administrators effective Jan. 28, 2008.

As of June 30, 2008, Quebecor World's unaudited consolidated
balance sheet showed total assets of $3,412,100,000, total
liabilities of $4,326,500,000, preferred shares of $62,000,000,
and total shareholders' deficit of $976,400,000.

The Debtors have until Sept. 30, 2008, to file a plan of
reorganization in the chapter 11 case.  The Debtors' CCAA stay
has been extended to Sept. 30, 2008.  (Quebecor World Bankruptcy
News, Issue No. 24; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


QUEBECOR WORLD: Submits Report for Month Ended May 3, 2008
----------------------------------------------------------

                 Quebecor World (USA), Inc., et al.
                      Combined Balance Sheet
                         As of May 3, 2008

                              ASSETS

Current Assets:
   Cash and Cash equivalents                      $145,900,000
   Trade and receivables                           605,300,000
   Inventories                                     145,500,000
   Future income taxes and tax receivable           38,700,000
   Prepaid Expenses                                 37,200,000
                                                --------------
   Total current expenses                          972,600,000
                                                --------------
   Property, plant and equipment                 1,209,100,000
   Goodwill                                        336,400,000
   Other assets                                    193,400,000
                                                --------------
   TOTAL ASSETS                                 $2,711,500,000
                                                ==============
                                                 
               LIABILITIES AND SHAREHOLDERS' DEFICIT

Current liabilities not subject to compromise:
   Bank indebtedness                               $32,800,000
   Trade payables and accrued liabilities          204,600,000
   Payables to related parties                       3,200,000
   Income and other taxes payable                   15,400,000
                                                --------------
   Total current liabilities                       256,000,000
                                                --------------
Other liabilities not subject to compromise:
   Long-term debt                                  498,900,000
   Other liabilities                               132,100,000
   Future income taxes                             126,500,000
   Liabilities subject compromise                2,822,900,000

Shareholders equity:
   Capital stock                                 1,099,500,000
   Contributed surplus                             310,000,000
   Retained earnings                            (2,535,100,000)
   Accumulated other comprehensive loss                700,000
                                                --------------
   Total Deficit                                (1,124,900,000)
                                                --------------
   TOTAL LIABILITIES AND DEFICIT                $2,711,500,000
                                                ==============

                 Quebecor World (USA), Inc., et al.
                  Combined Statement of Operations
                  For the month ended May 3, 2008

Operating Revenues                                $294,500,000

Operating expenses:
   Cost of sales                                   238,600,000
   Selling, general and administrative              22,800,000
   Depreciation and amortization                    18,900,000
                                                   -----------
   Total operating expenses                        280,300,000
                                                   -----------

Operating income                                    14,200,000
Financial expenses                                  25,700,000
Reorganization items                                (4,800,000)
Income taxes                                          (500,000)
                                                   -----------
Net loss and comprehensive loss                    ($6,200,000)
                                                   ===========

                       About Quebecor World

Based in Montreal, Quebec, Quebecor World Inc. (TSX: IQW) (NYSE:
IQW), -- http://www.quebecorworldinc.com/-- provides market  
solutions, including marketing and advertising activities, well
as print solutions to retailers, branded goods companies,
catalogers and to publishers of magazines, books and other
printed media.  It has 127 printing and related facilities
located in North America, Europe, Latin America and Asia.  In
the United States, it has 82 facilities in 30 states, and is
engaged in the printing of books, magazines, directories, retail
inserts, catalogs and direct mail.

The company has operations in Mexico, Brazil, Colombia, Chile,
Peru, Argentina and the British Virgin Islands.

Quebecor World and 53 of its subsidiaries, including those in
Canada, filed a petition under the Companies' Creditors
Arrangement Act before the Superior Court of Quebec, Commercial
Division, in Montreal, Canada, on Jan. 20, 2008.  The Honorable
Justice Robert Mongeon oversees the CCAA case.  Francois-David
Pare, Esq., at Ogilvy Renault, LLP, represents the Company in
the CCAA case.  Ernst & Young Inc. was appointed as Monitor.

On Jan. 21, 2008, Quebecor World (USA) Inc., its U.S.
subsidiary, along with other U.S. affiliates, filed for chapter
11 bankruptcy on Jan. 21, 2008 (Bankr. S.D.N.Y Lead Case No. 08-
10152).  Anthony D. Boccanfuso, Esq., at Arnold & Porter LLP
represents the Debtors in their restructuring efforts.   The
Official Committee of Unsecured Creditors is represented by Akin
Gump Strauss Hauer & Feld LLP.

Based in Corby, Northamptonshire, Quebecor World PLC --
http://www.quebecorworldplc.com/-- is the U.K. subsidiary of  
Quebecor World Inc. that specializes in web offset magazines,
catalogues and specialty print products for marketing and
advertising campaigns.  The company employs around 290 people.
Quebecor PLC was placed into administration with Ian Best and
David Duggins of Ernst & Young LLP appointed as joint
administrators effective Jan. 28, 2008.

As of June 30, 2008, Quebecor World's unaudited consolidated
balance sheet showed total assets of $3,412,100,000, total
liabilities of $4,326,500,000, preferred shares of $62,000,000,
and total shareholders' deficit of $976,400,000.

The Debtors have until Sept. 30, 2008, to file a plan of
reorganization in the chapter 11 case.  The Debtors' CCAA stay
has been extended to Sept. 30, 2008.  (Quebecor World Bankruptcy
News, Issue No. 24; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


QUBECOR WORLD: Submits Report for Month Ended May 31, 2008
----------------------------------------------------------

                 Quebecor World (USA), Inc., et al.
                      Combined Balance Sheet
                        As of May 31, 2008

                              ASSETS

Current Assets
   Cash and Cash equivalents                      $176,600,000
   Trade and receivables                           578,200,000
   Inventories                                     145,500,000
   Future income taxes and tax receivable           38,500,000
   Prepaid Expenses                                 34,800,000
                                                --------------
   Total current expenses                          973,600,000
                                                --------------
   Property, plant and equipment                 1,197,400,000
   Goodwill                                        336,400,000
   Other assets                                    351,000,000
                                                --------------
   TOTAL ASSETS                                 $2,858,400,000
                                                ==============

               LIABILITIES AND SHAREHOLDERS' DEFICIT
                
Current liabilities not subject to compromise:
   Bank indebtedness                              $10,800,000
   Trade payables and accrued liabilities          207,900,000
   Payables to related parties                       3,200,000
   Income and other taxes payable                   16,400,000
                                                --------------
   Total current liabilities                       238,300,000
                                                --------------

Other liabilities not subject to compromise:
   Long-term debt                                  499,200,000
   Other liabilities                               129,800,000
   Future income taxes                             125,000,000
   Liabilities subject compromise                2,838,300,000
                                                
Shareholders equity:
   Capital stock                                 1,099,600,000
   Contributed surplus                             470,000,000
   Retained earnings                            (2,542,500,000)
   Accumulated other comprehensive loss                700,000
                                                --------------
   Total Deficit                                  (972,200,000)
                                                --------------
   TOTAL LIABILITIES AND DEFICIT                $2,858,400,000
                                                ==============

                Quebecor World (USA), Inc., et al.
                 Combined Statement of Operations
                 For the month ended May 31, 2008

Operating Revenues                                $209,300,000

Operating expenses:
   Cost of sales                                   176,600,000
   Selling, general and administrative               5,700,000
   Depreciation and amortization                    14,200,000
                                                   -----------
   Total operating expenses                        196,500,000
                                                   -----------
   Operating income                                 12,800,000   

Financial expenses                                  17,300,000
Reorganization items                                 4,300,000
Income taxes                                        (1,300,000)
                                                   -----------
   Net loss and comprehensive loss                 ($7,500,000)
                                                   ===========

                       About Quebecor World

Based in Montreal, Quebec, Quebecor World Inc. (TSX: IQW) (NYSE:
IQW), -- http://www.quebecorworldinc.com/-- provides market  
solutions, including marketing and advertising activities, well
as print solutions to retailers, branded goods companies,
catalogers and to publishers of magazines, books and other
printed media.  It has 127 printing and related facilities
located in North America, Europe, Latin America and Asia.  In
the United States, it has 82 facilities in 30 states, and is
engaged in the printing of books, magazines, directories, retail
inserts, catalogs and direct mail.

The company has operations in Mexico, Brazil, Colombia, Chile,
Peru, Argentina and the British Virgin Islands.

Quebecor World and 53 of its subsidiaries, including those in
Canada, filed a petition under the Companies' Creditors
Arrangement Act before the Superior Court of Quebec, Commercial
Division, in Montreal, Canada, on Jan. 20, 2008.  The Honorable
Justice Robert Mongeon oversees the CCAA case.  Francois-David
Pare, Esq., at Ogilvy Renault, LLP, represents the Company in
the CCAA case.  Ernst & Young Inc. was appointed as Monitor.

On Jan. 21, 2008, Quebecor World (USA) Inc., its U.S.
subsidiary, along with other U.S. affiliates, filed for chapter
11 bankruptcy on Jan. 21, 2008 (Bankr. S.D.N.Y Lead Case No. 08-
10152).  Anthony D. Boccanfuso, Esq., at Arnold & Porter LLP
represents the Debtors in their restructuring efforts.   The
Official Committee of Unsecured Creditors is represented by Akin
Gump Strauss Hauer & Feld LLP.

Based in Corby, Northamptonshire, Quebecor World PLC --
http://www.quebecorworldplc.com/-- is the U.K. subsidiary of  
Quebecor World Inc. that specializes in web offset magazines,
catalogues and specialty print products for marketing and
advertising campaigns.  The company employs around 290 people.
Quebecor PLC was placed into administration with Ian Best and
David Duggins of Ernst & Young LLP appointed as joint
administrators effective Jan. 28, 2008.

As of June 30, 2008, Quebecor World's unaudited consolidated
balance sheet showed total assets of $3,412,100,000, total
liabilities of $4,326,500,000, preferred shares of $62,000,000,
and total shareholders' deficit of $976,400,000.

The Debtors have until Sept. 30, 2008, to file a plan of
reorganization in the chapter 11 case.  The Debtors' CCAA stay
has been extended to Sept. 30, 2008.  (Quebecor World Bankruptcy
News, Issue No. 24; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).  


QUEBECOR WORLD: Submits Report for Month Ended June 28, 2008
------------------------------------------------------------

                 Quebecor World (USA), Inc., et al.
                      Combined Balance Sheet
                       As of June 28, 2008

                              ASSETS
Current Assets
   Cash and Cash equivalents                      $154,700,000   
   Trade and receivables                           560,100,000
   Inventories                                     146,100,000
   Future income taxes and tax receivable           18,700,000
   Prepaid Expenses                                 50,500,000
                                                --------------
      Total current expenses                       930,100,000
                                                --------------
   Property, plant and equipment                 1,188,200,000
   Goodwill                                        336,400,000
   Restricted cash                                  30,300,000
   Future income taxes                                 900,000
   Other assets                                    280,300,000
                                                --------------
TOTAL ASSETS                                    $2,766,200,000
                                                ==============

               LIABILITIES AND SHAREHOLDERS' DEFICIT

Current liabilities not subject to compromise:
   Bank indebtedness                               $13,600,000
   Trade payables and accrued liabilities          218,100,000
   Payables to related parties                       3,200,000
   Income and other taxes payable                   12,200,000
   Current portion of long term debt               491,800,000
           
Liabilities subject to compromise:
   Accounts payable and accrued
      liabilities                                  220,500,000
   Long term debt                                1,644,100,000
   Payables to related parties                     901,100,000
   Post-filing interest                             87,400,000
                                                --------------
Total current liabilities                        3,592,000,000
                                                --------------
Other liabilities not subject to compromise:
   Long-term debt                                    7,400,000
   Other liabilities                               136,700,000
   Future income taxes                             124,500,000

Shareholders equity:
   Capital stock                                 1,031,300,000
   Contributed surplus                             470,000,000
   Retained earnings                            (2,596,600,000)
   Accumulated other comprehensive loss                900,000
                                                --------------
      Total Deficit                             (1,094,400,000)
                                                --------------
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT     $2,766,200,000
                                                ==============

                Quebecor World (USA), Inc., et al.
                 Combined Statement of Operations
                 For the month ended June 28, 2008

Operating revenues                                 $211,100,000

Operating expenses:
   Cost of sales                                    173,800,000
   Selling, general and administrative               26,700,000
   Depreciation and amortization                     16,200,000
   Restructuring charges                              9,000,000
                                                  -------------
      Total operating expenses                      225,700,000
                                                  -------------
Operating income                                    (14,600,000)
Financial expenses                                   32,000,000
Reorganization items                                 (7,100,000)
Income taxes                                         15,000,000
                                                   ------------
                                                     39,900,000
                                                   ------------
Net loss and comprehensive loss                    ($54,500,000)
                                                   ============

                       About Quebecor World

Based in Montreal, Quebec, Quebecor World Inc. (TSX: IQW) (NYSE:
IQW), -- http://www.quebecorworldinc.com/-- provides market  
solutions, including marketing and advertising activities, well
as print solutions to retailers, branded goods companies,
catalogers and to publishers of magazines, books and other
printed media.  It has 127 printing and related facilities
located in North America, Europe, Latin America and Asia.  In
the United States, it has 82 facilities in 30 states, and is
engaged in the printing of books, magazines, directories, retail
inserts, catalogs and direct mail.

The company has operations in Mexico, Brazil, Colombia, Chile,
Peru, Argentina and the British Virgin Islands.

Quebecor World and 53 of its subsidiaries, including those in
Canada, filed a petition under the Companies' Creditors
Arrangement Act before the Superior Court of Quebec, Commercial
Division, in Montreal, Canada, on Jan. 20, 2008.  The Honorable
Justice Robert Mongeon oversees the CCAA case.  Francois-David
Pare, Esq., at Ogilvy Renault, LLP, represents the Company in
the CCAA case.  Ernst & Young Inc. was appointed as Monitor.

On Jan. 21, 2008, Quebecor World (USA) Inc., its U.S.
subsidiary, along with other U.S. affiliates, filed for chapter
11 bankruptcy on Jan. 21, 2008 (Bankr. S.D.N.Y Lead Case No. 08-
10152).  Anthony D. Boccanfuso, Esq., at Arnold & Porter LLP
represents the Debtors in their restructuring efforts.   The
Official Committee of Unsecured Creditors is represented by Akin
Gump Strauss Hauer & Feld LLP.

Based in Corby, Northamptonshire, Quebecor World PLC --
http://www.quebecorworldplc.com/-- is the U.K. subsidiary of  
Quebecor World Inc. that specializes in web offset magazines,
catalogues and specialty print products for marketing and
advertising campaigns.  The company employs around 290 people.
Quebecor PLC was placed into administration with Ian Best and
David Duggins of Ernst & Young LLP appointed as joint
administrators effective Jan. 28, 2008.

As of June 30, 2008, Quebecor World's unaudited consolidated
balance sheet showed total assets of $3,412,100,000, total
liabilities of $4,326,500,000, preferred shares of $62,000,000,
and total shareholders' deficit of $976,400,000.

The Debtors have until Sept. 30, 2008, to file a plan of
reorganization in the chapter 11 case.  The Debtors' CCAA stay
has been extended to Sept. 30, 2008.  (Quebecor World Bankruptcy
News, Issue No. 24; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).  


SEA CONTAINERS: Files June 2008 Monthly Operating Report
--------------------------------------------------------

                      Sea Containers, Ltd.
                     Unaudited Balance Sheet
                       As of June 30, 2008

                            Assets

Current Assets
   Cash and cash equivalents                         $31,189,811
   Trade receivables, less allowances
      for doubtful accounts                              266,461
   Due from related parties                              352,137
   Prepaid expenses and other current assets             453,190
                                                    ------------
      Total current assets                            32,261,599

Fixed assets, net                                              -

Long-term equipment sales receivable, net                      -
Investments in group companies                       108,753,801
Intercompany receivables                                       -
Investment in equity ownership interests             228,279,582
Other assets                                           2,845,709
                                                    ------------
Total assets                                        $372,140,691
                                                    ============

             Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                  $11,143,074
   Accrued expenses                                   86,577,352
   Current portion of long-term debt                 175,151,304
   Current portion of senior notes                   385,605,492
                                                    ------------
      Total current liabilities                      658,477,222

Total shareholders' equity                          (286,336,531)
                                                    ------------
Total liabilities and shareholders' equity          $372,140,691
                                                    ============

                      Sea Containers, Ltd.
                Unaudited Statement of Operations
                For the Month Ended June 30, 2008

Revenue                                               $1,579,533

Costs and expenses:
   Operating income                                            -
   Selling, general and admin. expenses               (1,740,652)
   Professional fees                                  (3,256,551)
   Charges against intercompany accounts              17,540,626
   Impairment of investment in subsidy Co.           (16,220,055)
   Forgiveness of intercompany debt                            -
   Depreciation and amortization                               -
                                                    ------------
      Total costs and expenses                        (3,676,632)
                                                    ------------

Loss on sale of assets                                         -
                                                    ------------
Operating income (loss)                               (2,097,099)

Other income (expense)
   Investment income                                      36,405
   Foreign exchange gains or (losses)                       (112)
   Interest expense, net                              (3,589,949)
                                                    ------------
Loss before taxes                                     (5,650,755)
Income tax expense                                      (622,700)
                                                    ------------
Loss after taxes                                     ($6,273,455)
                                                    ============

                  Sea Containers Services, Ltd.
                     Unaudited Balance Sheet
                       As of June 30, 2008

                            Assets

Current Assets
   Cash and cash equivalents                             $25,950
   Trade receivables                                      10,557
   Due from related parties (GE SeaCo)                    57,979
   Prepaid expenses and other current assets           1,609,942
                                                    ------------
      Total current assets                             1,704,427

Fixed assets, net                                         13,019
Investments                                            2,677,370
Intercompany receivables                              28,124,571
Other assets                                                   -
                                                    ------------
Total assets                                         $32,519,386
                                                    ============

             Liabilities and Shareholders' Equity

Current Liabilities
   Accounts payable                                      767,621
   Accrued expenses                                    3,235,641
   Current portion of long-term debt                   1,513,795
                                                    ------------
      Total current liabilities                        5,517,056

Total shareholders' equity                            27,002,330
                                                    ------------
Total liabilities and shareholders' equity           $32,519,386
                                                    ============

                  Sea Containers Services, Ltd.
                Unaudited Statement of Operations
                For the Month Ended June 30, 2008

Revenue                                               $1,312,399

Costs and expenses:
   Operating costs                                             -
   Selling, general and admin. expenses                 (700,699)
   Professional Fees                                    (520,616)
   Other charges                                               -
   Depreciation and amortization                          (2,489)
                                                    ------------
      Total costs and expenses                        (1,223,804)
                                                    ------------

Gains on sale of assets                                        -
                                                    ------------
Operating income (loss)                                   88,595

Other income (expense)
   Interest income                                             -
   Foreign exchange gains (losses)                             -
   Interest expense, net                                 (16,615)
                                                    ------------
Income (Loss) before taxes                                71,980
Income tax credit                                              -   
                                                    ------------
Net Income                                               $71,980
                                                    ============

                       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., and Sean T. Greecher, Esq., at Young, Conaway, Stargatt
and 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.

In its schedules filed with the Court, Sea Containers disclosed
total assets of $62,400,718 and total liabilities of
$1,545,384,083.

The Debtors filed their joint Chapter 11 plan of reorganization
and disclosure statement on July 31, 2008.  (Sea Containers
Bankruptcy News, Issue No. 47; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)


STEVE & BARRY'S: Files July 2008 Monthly Operating Report
---------------------------------------------------------
Steve & Barry's, LLC, and its debtor-affiliates filed their monthly
operating report with the United States Bankruptcy Court for the
Southern District of New York for the month ended July 31, 2008:

              Steve & Barry's Manhattan LLC, et al.
                  Consolidated  Balance Sheet
                      As of July 31, 2008

                             ASSETS

Current Assets:
Unrestricted cash and equivalents                   $12,463,000
Restricted cash and cash equivalents                          0
Accounts receivable                                           0
Notes receivable                                              0
Inventories                                         307,519,000
Prepaid expenses                                      2,178,000
Professional retainers                                        0
Other current assets                                  7,144,000
                                                 --------------
Total Current Assets                                329,304,000

Property & Equipment:
Real property and improvements                                0
Machinery and equipment                                       0
Furniture, fixtures and office equipment            219,567,400
Leasehold improvements                              146,794,400
Vehicles                                                195,000
Less: accumulated depreciation                      (92,153,000)
                                                 --------------
Total Property & Equipment                          274,403,800

Other Assets:
Amounts due from insiders                                     0
Other assets                                         18,852,000
                                                 --------------
Total Other Assets                                   18,852,000
                                                 --------------
TOTAL ASSETS                                       $622,559,800
                                                 ==============

             LIABILITIES AND SHAREHOLDERS' DEFICIT

Liabilities Not Subject to Compromise:
  (Postpetition)
Accounts payable                                       $288,000
Taxes payable                                         2,501,000
Wages payable                                         1,479,000
Notes payable                                                 0
Rent/leases  - building/equipment                        32,000
Secured debt/adequate protection payments                     0
Professional fees                                        15,000
Amounts due to insiders                                       0
Other postpetition liabilities                        1,207,000
                                                 --------------
Total Postpetition Liabilities                        5,522,000

Liabilities Subject to Compromise: (Prepetition)
Secured debt/adequate protection payments           173,827,000
Priority debt                                                 0
Unsecured debt                                       96,204,000
Other prepetition liabilities                       332,039,000
                                                 --------------
Total Prepetition Liabilities                       602,070,000
                                                 --------------
TOTAL LIABILITIES                                   607,592,000

Owners' Equity:
Capital stock                                                 0
Additional paid-in capital                          174,734,000
Partners' capital account                                     0
Owners' equity account                                        0
Retained earnings - prepetition                    (118,719,000)
Retained earnings - postpetition                    (41,047,200)
Adjustment to owner equity                                    0
Postpetition contributions                                    0
                                                 --------------
TOTAL LIABILITIES AND OWNERS' EQUITY               $622,559,800
                                                 ==============

              Steve & Barry's Manhattan LLC, et al.
              Consolidated Statement of Operations
               For the Month Ended July 31, 2008

Net revenue                                         $36,592,000

Cost of Goods Sold:
Beginning inventory                                 332,335,000
Add: purchases                                        1,252,000
Add: cost of labor                                            0
Add: other costs                                              0
Less: ending inventory                             (307,519,000)
Cost of goods sold                                   26,068,000
Gross Profit                                         10,524,000

Operating Expenses:
Advertising                                             242,000
Auto and truck expense                                    9,000
Bad debts                                                     0
Contributions                                                 0
Employee benefits programs                              568,000
Officer/insider compensation                             34,000
Insurance                                               487,000
Management fees/bonuses                                       0
Office expense                                        1,516,000
Pension & profit-sharing plans                                0
Repairs and maintenance                                 132,000
Rent and least expense                                3,856,000
Salaries/commissions/fees                            10,332,000
Supplies                                                      0
Taxes - payroll                                         529,000
Taxes - real estate                                           0
Taxes - other                                                 0
Travel and entertainment                                169,000
Utilities                                             1,929,000
Other                                                 4,278,200
                                                 --------------
Total Operating Expenses Before Depreciation         24,081,200

Depreciation/depletion/amortization                   4,335,000

Net Profit (Loss) Before Other Income & Expenses    (17,892,200)

Other Income and Expenses:
Other income and expenses                                     0
Interest expense                                        955,000
Other expense                                                 0
                                                 --------------
Net Profit (Loss) Before Reorganization Items       (18,847,200)

Reorganization Items:
Professional fees                                       562,000
U.S. trustee quarterly fees                                   0
Interest earned on accumulated cash from                      0
  Chapter 11
Gain (Loss) from sale of equipment                            0
Other reorganization expenses                                 0
                                                 --------------
Total Reorganization Expenses                           562,000

Income taxes                                         21,638,000
                                                 --------------
Net Profit (Loss)                                  ($41,047,200)
                                                 ==============

              Steve & Barry's Manhattan LLC, et al.
            Schedule of Cash Receipts & Disbursement
               For the Month Ended July 31, 2008

Cash - beginning of month                          ($20,180,911)

Receipts:
Cash sales                                           33,252,843
Accounts receivable - prepetition                             0
Accounts receivable - postpetition                            0
Loans and advances                                    6,693,791
Sale of assets                                                0
Other                                                32,697,019
Transfers                                             8,750,374
                                                 --------------
Total Receipts                                       81,394,027

Disbursements:
Net payroll                                          14,012,051
Payroll taxes                                          (153,831)
Sales, use & other taxes                              2,259,527
Inventory purchases                                     339,888
Secured/rental/leases                                    80,673
Insurance                                                78,290
Selling, general & administrative                     5,804,418
Other                                                14,605,997
Owner draw                                                    0
Transfers                                            15,191,662
Professional fees                                       352,475
U.S. trustee quarterly fees                                   0
Court costs                                                   0
                                                 --------------
Total Disbursements                                  52,571,151
                                                 --------------
Net cash flow                                        28,822,875
                                                 --------------
Cash - End of Month                                  $8,641,964
                                                 ==============

Headquartered in Port Washington, New York, Steve and Barry LLC
-- http://www.steveandbarrys.com/-- is a national casual
apparel retailer that offers high quality merchandise at
low prices for men, women and children.  Founded in 1985, the
company operates 276 anchor and junior anchor shopping center
and mall-based locations throughout the U.S. At STEVE & BARRY'S
(R) stores, shoppers will find brands they can't find anywhere
else, including the BITTEN(TM) collection, the first-ever
apparel line created by actress and global fashion icon Sarah
Jessica Parker, and the STARBURY(TM) collection of athletic and
lifestyle apparel and sneakers created with NBA (R) star Stephon
Marbury.

Steve & Barry's, LLC, and 63 affiliates filed separate voluntary
petitions under Chapter 11 on July 9, 2008 (Bankr. S.D. N.Y. Lead
Case No. 08-12579). Lori R. Fife, Esq., and Shai Waisman, Esq., at
Weil, Gotshal & Manges, LLP, represent the Debtors in their
restructuring efforts.

Diana G. Adams, United States Trustee for Region 2, has appointed  
seven members to the Official Committee of Unsecured Creditors in
the Debtors' Chapter 11 cases.

When the Debtors filed for bankruptcy, it listed $693,492,000 in
total assets and $638,086,000 in total debts.

(Steve & Barry's Bankruptcy News, Issue No. 7; 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
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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
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Each Friday's edition of the TCR includes a review about a book of
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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.

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                    *** End of Transmission ***