/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/081213.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, December 13, 2008, Vol. 12, No. 297 Headlines AMERICAN HOME: AHMSI's Monthly Operating Report -- August 31, 2008 AMERICAN HOME: AHMV's Monthly Operating Report -- August 31, 2008 AMERICAN HOME: Great Oak's Operating Report -- August 31, 2008 AMERICAN HOME: Homegate's Operating Report -- August 31, 2008 ATA AIRLINES: Files Monthly Operating Report for October 2008 FEDERAL-MOGUL: Files Monthly Operating Report for October 2008 GREEKTOWN HOLDINGS: Files Monthly Operating Report for October INTERSTATE BAKERIES: Posts $14,742,445 in Four Weeks Ended Oct. 18 PLASTECH ENGINEERED: Decorating's March & April Operating Reports PLASTECH ENGINEERED: Decorating's May & June Operating Reports PLASTECH ENGINEERED: Exterior's Operating Reports -- March & April PLASTECH ENGINEERED: Exterior's May & June Operating Reports PLASTECH ENGINEERED: Files Operating Reports -- March & April PLASTECH ENGINEERED: Files Operating Reports -- May & June 2008 PLASTECH ENGINEERED: Frenchtown's March & April Operating Reports PLASTECH ENGINEERED: Frenchtown's May & June Operating Reports PLASTECH ENGINEERED: Holding's May & June Operating Reports PLASTECH ENGINEERED: LDM Holding's March & April Operating Reports PLASTECH ENGINEERED: LDM Tech's Operating Reports -- March & April PLASTECH ENGINEERED: LDM Tech's May & June Operating Reports PLASTECH ENGINEERED: MBS Polymet's March & April Operating Reports PLASTECH ENGINEERED: MBS Polymet's May & June Operating Reports PLASTECH ENGINEERED: Romulus' Operating Reports -- March & April PLASTECH ENGINEERED: Romulus' Operating Reports -- May & June 2008 TOUSA INC: Files Monthly Operating Report for October 2008 TRICOM SA: Debtors' Monthly Operating Report -- October 2008 TVIA INC: Reports $89,139 Net Loss for Oct. 16 to Oct. 31 Period VERASUN ENERGY: Files Initial Monthly Operating Report WASHINGTON MUTUAL: Files Monthly Operating Report for October 2008 WCI COMMUNITIES: Files Monthly Operating Report for September 2008 ********* AMERICAN HOME: AHMSI's Monthly Operating Report -- August 31, 2008 ------------------------------------------------------------------ American Home Mortgage Servicing, Inc. Statement of Financial Condition As of August 31, 2008 Assets: Cash and cash equivalents $2,963,476 Restricted cash 1,570 Accounts receivable & servicing advances 9,511,720 Intercompany receivable 213,014,687 Mortgage loans - Premises and equipment, net - Investment in subsidiaries 9,727,945 Other assets 750,799 ------------ Total Assets $235,970,197 ============ Liabilities and Stockholders' Equity Liabilities: Warehouse lines of credit $0 Accrued expenses & other liabilities 6,032,829 Intercompany payable 131,146,603 Income taxes payable 1,787,818 ------------ Total Liabilities 138,967,250 Stockholders' Equity Additional paid-in capital 37,000,200 Retained earnings 60,002,747 ------------ Total Stockholders' Equity 97,002,947 ------------ Total Liabilities & Stockholders' Equity $235,970,197 ============ American Home Mortgage Servicing, Inc. Statement of Income Month Ended August 31, 2008 Net interest income: Interest income $0 Interest expense - Provision for loan losses - ------------ Net interest income after losses - Non-Interest Income: (Loss) Gain on mortgage loans - Loan servicing fees - Gain on sale of servicing platform - Other non-interest income (loss) - ------------ Non-interest income - Expenses Salaries, commissions & benefits, net (2,108) Occupancy and equipment (2,850) Data processing and communications - Office supplies and expenses - Marketing and promotion - Travel and entertainment - Professional fees - Other real estate operating expense - Other 1,467 ------------ Total expenses (3,491) Income (Loss) before income taxes 3,491 Income taxes - ------------ Net income [loss] $3,491 ============ American Home Mortgage Servicing, Inc., also disclosed that its cash as of August 1, 2008, was $2,962,190. Since it received $2,855 from administration, AHM Servicing's cash at the end of August increased to $2,965,045. 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. 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 filed a de-consolidated plan of liquidation on Aug. 15, 2008. (American Home Bankruptcy News, Issue No. 50; Bankruptcy Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000). AMERICAN HOME: AHMV's Monthly Operating Report -- August 31, 2008 ----------------------------------------------------------------- American Home Mortgage Ventures, LLC Statement of Financial Condition As of August 31, 2008 Assets: Cash and cash equivalents $613,049 Intercompany receivable - Premises and equipment, net 2,200 Other assets 568 ------------ Total Assets $615,817 ============ Liabilities and Stockholders' Equity Liabilities: Accrued expenses & other liabilities - Intercompany payable 157,632 ------------ Total Liabilities 157,632 Stockholders' Equity Additional paid-in capital 395,500 Retained earnings 62,685 Other comprehensive loss - ------------ Total Stockholders' Equity 458,185 ------------ Total Liabilities & Stockholders' Equity $615,817 ============ 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. 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 filed a de-consolidated plan of liquidation on Aug. 15, 2008. (American Home Bankruptcy News, Issue No. 50; Bankruptcy Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000). AMERICAN HOME: Great Oak's Operating Report -- August 31, 2008 -------------------------------------------------------------- Great Oak Abstract Corp. Statement of Financial Condition As of August 31, 2008 Assets: Cash and cash equivalents $380,941 Accounts receivable 36,615 Intercompany receivable 693,132 Premises and equipment, net 5,339 Other assets 104,800 ------------ Total Assets $1,220,827 ============ Liabilities and Stockholders' Equity Liabilities: Accrued expenses & other liabilities $76,743 ------------ Total Liabilities 76,743 Stockholders' Equity Additional paid-in capital 95,520 Retained earnings 1,048,564 Other comprehensive loss - ------------ Total Stockholders' Equity 1,144,084 ------------ Total Liabilities & Stockholders' Equity $1,220,827 ============ Great Oak Abstract Corp. reports that its cash at the start of August was $287,809. Since there was no transaction for the whole month, its cash was still $287,809 as of August 31, 2008. 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. 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 filed a de-consolidated plan of liquidation on Aug. 15, 2008. (American Home Bankruptcy News, Issue No. 50; Bankruptcy Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000). AMERICAN HOME: Homegate's Operating Report -- August 31, 2008 ------------------------------------------------------------- Homegate Settlement Services, Inc. Statement of Financial Condition As of August 31, 2008 Assets: Cash and cash equivalents $209,659 Restricted cash - Intercompany receivable - Premises and equipment, net 233,715 Other assets - ------------ Total Assets $443,374 ============ Liabilities and Stockholders' Equity Liabilities: Accrued expenses & other liabilities $2,552,889 Intercompany payable 9,032,232 Income taxes payable 100 ------------ Total Liabilities 11,585,221 Stockholders' Equity Additional paid-in capital 250,000 Retained earnings (11,391,847) Other comprehensive loss - ------------ Total Stockholders' Equity (11,141,847) ------------ Total Liabilities & Stockholders' Equity $443,374 ============ Homegate Settlement Services, Inc., disclosed that its cash as of August 31, 2008, was $209,659. Since Homegate Settlement had no transaction for the whole month, its cash at the end of August remained at $209,659. 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. 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 filed a de-consolidated plan of liquidation on Aug. 15, 2008. (American Home Bankruptcy News, Issue No. 50; Bankruptcy Creditors' Service, Inc., Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000). ATA AIRLINES: Files Monthly Operating Report for October 2008 ------------------------------------------------------------- ATA Airlines' Chief Restructuring Officer Steve Turoff filed with the Court the airlines' operating report for the period October 1 to 31, 2008. Mr. Turoff disclosed that ATA Airlines had $14,968,408 in cash profit and $165,143 in total payables for October. The total professional fee incurred by or on behalf of ATA Airlines during the month is $827,269 for services related to its bankruptcy. ATA Airlines, Inc. Receipts and Disbursements Month Ended October 31, 2008 RECEIPTS Military - Charter - Scheduled Service - U.S. Bank - Amex - Discover - Diner's Club - Other Scheduled Service - Asset Sales--Inventory 11,940,617 Asset Sales--Ground Equipment 2,592,489 Asset Sales--Rotables 1,944,562 Return of Deposits/Prepaids - Cash Collateral/LOCs 110,900 Interest 22,989 Miscellaneous 337,351 ------------ Total $16,948,908 ============ DISBURSEMENTS Base Payroll Inc. All Taxes $313,023 Stay Bonus 17,188 Benefits 10,353 Employee Expense Payments 2,974 Facilities 11,220 Utilities/Communications 105,091 Contract Labor 115,380 Professionals 1,322,776 US Trustee 12,675 Aircraft Ferry Cost - Engine Changes/Certificate Mx 3,374 Insurance--D&O/Misc. 12,654 Health Insurance Run-off Reserve - Cobra Reserve - Security 12,703 Shipping/Cargo 2,759 Returned Checks - Miscellaneous 38,330 ------------ Total $1,980,500 ============ Beginning Balance $31,542,667 Receipts 16,948,908 Disbursements (1,980,500) ------------ Ending Balance $46,511,075 ============ About ATA Airlines Headquartered in Indianapolis, Indiana, ATA Airlines, Inc., is a diversified passenger airline operating in two principal business lines -- a low cost carrier providing scheduled passenger service that leverages a code share agreement with Southwest Airlines; and a charter operator that focused primarily on providing charter service to the U.S. government and military. ATA is a wholly owned subsidiary of New ATA Acquisition, Inc. -- a wholly owned subsidiary of New ATA Investment, Inc., which in turn, is a wholly owned subsidiary of Global Aero Logistics Inc. ATA Acquisition also owns another holding company subsidiary, World Air Holdings, Inc., which it acquired through merger on August 14, 2007. World Air Holdings owns and operates two other airlines, North American Airlines and World Airways. ATA Airlines and its affiliates filed for Chapter 11 protection on Oct. 26, 2004 (Bankr. S.D. Ind. Case Nos. 04-19866, 04-19868 through 04-19874). The Honorable Basil H. Lorch III confirmed the Debtors' plan of reorganization on Jan. 31, 2006. The Debtors' emerged from bankruptcy on Feb. 28, 2006. Global Aero Logistics acquired certain of ATA's operations after its first bankruptcy. The remaining ATA affiliates that were not substantively consolidated in the company's first bankruptcy case were sold or otherwise liquidated. ATA Airlines filed for Chapter 22 on April 2, 2008 (Bankr. S.D. Ind. Case No. 08-03675), citing the unexpected cancellation of a key contract for ATA's military charter business, which made it impossible for ATA to obtain additional capital to sustain its operations or restructure the business. ATA discontinued all operations subsequent to the bankruptcy filing. ATA's Chapter 22 bankruptcy petition lists assets and liabilities each in the range of $100 million to $500 million. The Debtor is represented in its Chapter 22 case by Haynes and Boone, LLP, and Baker & Daniels, LLP, as bankruptcy counsel. The United States Trustee for Region 10 appointed five members to the Official Committee of Unsecured Creditors. Otterbourg, Steindler, Houston & Rosen, P.C., serves as bankruptcy counsel to the Committee. FTI Consulting, Inc., acts as the panel's financial advisors. The Court gave ATA Airlines Inc. until Feb. 26, 2009, to file its Chapter 11 plan and April 27, 2009, to solicit acceptances of that plan. (ATA Airlines Bankruptcy News; Bankruptcy Creditors' Services Inc. http://bankrupt.com/newsstand/or 215/945-7000). FEDERAL-MOGUL: Files Monthly Operating Report for October 2008 -------------------------------------------------------------- Federal-Mogul Global, Inc., et al. Unaudited Balance Sheet As of October 31, 2008 (In millions) Assets Cash and equivalents $520.7 Accounts receivable 574.1 Inventories 456.6 Deferred taxes 216.0 Prepaid expenses and other current assets 48.5 -------- Total current assets 1,815.9 Summary of Unpaid Postpetition Debits 63.6 I/C Loans Receivable (Payable) (73.6) -------- Intercompany Balances (10.0) Property, plant and equipment 693.0 Goodwill - Other intangible assets - Insurance recoverable - Other non-current assets 449.7 -------- Total Assets $2,948.7 ======== Liabilities and Shareholders' Equity Short-term debt $29.6 Accounts payable 287.0 Accrued compensation 55.5 Restructuring and rationalization reserves 11.4 Current portion of asbestos liability - Interest payable 7.5 Other accrued liabilities 269.0 -------- Total current liabilities 660.1 Long-term debt 2,763.7 Post-employment benefits 557.2 Other accrued liabilities 803.8 Liabilities subject to compromise - Shareholders' equity: Preferred stock 1,023.2 Common stock 91.0 Treasury shares (16.7) Additional paid-in capital 7,924.3 Accumulated deficit (11,304.6) Accumulated other comprehensive income 446.8 Other - -------- Total Shareholders' Equity (1,836.0) -------- Total Liabilities and Shareholders' Equity $2,948.7 ======== Federal-Mogul Global, Inc., et al. Unaudited Statement of Operations For the Month Ended October 31, 2008 (In millions) Net sales $221.2 Cost of products sold 185.7 -------- Gross margin 35.5 Selling, general & administrative expenses (34.6) Amortization - Reorganization items (0.6) Fresh Start Accounting expense (263.6) Interest income (expense), net (14.1) Other income (expense), net (1.2) -------- Earnings [Loss] before Income Taxes (278.6) Income Tax (Expense) Benefit (0.6) -------- Earnings before cumulative effect of change in accounting principle (279.3) Cumulative effect of change in acctg. principle - -------- Net Earnings (Loss) ($279.3) ======== Federal-Mogul Global, Inc., et al. Unaudited Statement of Cash Flows For the Month Ended October 31, 2008 (In millions) Cash Provided From (Used By) Operating Activities: Net earnings (loss) ($279.3) Adjustments to reconcile net earnings (loss) to net cash: Depreciation and amortization 9.7 Adjustment of assets held for sale and other long-lived assets to fair value - Asbestos charge - Summary of unpaid postpetition debits - Cumulative effect of change in acctg. principle - Change in post-employment benefits (1.8) Decrease (increase) in accounts receivable 36.6 Decrease (increase) in inventories (6.8) Increase (decrease) in accounts payable (1.0) Change in other assets & other liabilities 217.5 Change in restructuring charge 0.9 Refunds (payments) against asbestos liability - -------- Net Cash Provided From Operating Activities (24.3) Cash Provided From (Used By) Investing Activities: Expenditures for property, plant & equipment 4.0 Proceeds from sale of property, plant & equipment - Proceeds from sale of businesses - Business acquisitions, net of cash acquired - Other - -------- Net Cash Provided From (Used By) Investing Activities 4.0 Cash Provided From (Used By) Financing Activities: Increase / (decrease) in debt 1.9 Sale (repurchase) of accounts receivable under securitization 0.1 Dividends - Other - -------- Net Cash Provided From Financing Activities 2.0 Increase (Decrease) in Cash and Equivalents (18.3) Cash and equivalents at beginning of period 539.0 -------- Cash and equivalents at end of period $520.7 ======== About Federal-Mogul Corporation Federal-Mogul Corporation -- http://www.federal-mogul.com/-- (OTCBB: FDMLQ) is a global supplier, serving the world's foremost original equipment manufacturers of automotive, light commercial, heavy-duty, agricultural, marine, rail, off-road and industrial vehicles, as well as the worldwide aftermarket. Founded in Detroit in 1899, the company is headquartered in Southfield, Michigan, and employs 45,000 people in 35 countries. Aside from the U.S., Federal-Mogul also has operations in other locations which includes, among others, Mexico, Malaysia, Australia, China, India, Japan, Korea, and Thailand. The Company filed for chapter 11 protection on Oct. 1, 2001 (Bankr. Del. Case No. 01-10582). Lawrence J. Nyhan Esq., James F. Conlan Esq., and Kevin T. Lantry Esq., at Sidley Austin Brown & Wood, and Laura Davis Jones Esq., at Pachulski, Stang, Ziehl & Jones, P.C., represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $10.15 billion in assets and $8.86 billion in liabilities. Federal-Mogul Corp.'s U.K. affiliate, Turner & Newall, is based at Dudley Hill, Bradford. Peter D. Wolfson, Esq., at Sonnenschein Nath & Rosenthal; and Charlene D. Davis, Esq., Ashley B. Stitzer, Esq., and Eric M. Sutty, Esq., at The Bayard Firm represent the Official Committee of Unsecured Creditors. On March 7, 2003, the Debtors filed their Joint Chapter 11 Plan. They submitted a Disclosure Statement explaining that plan on April 21, 2003. They submitted several amendments and on June 6, 2004, the Bankruptcy Court approved the Third Amended Disclosure Statement for their Third Amended Plan. On July 28, 2004, the District Court approved the Disclosure Statement. The estimation hearing began on June 14, 2005. The Debtors submitted a Fourth Amended Plan and Disclosure Statement on Nov. 21, 2006, and the Bankruptcy Court approved that Disclosure Statement on Feb. 6, 2007. The Fourth Amended Plan was confirmed by the Bankruptcy Court on Nov. 8, 2007, and affirmed by the District Court on November 14. Federal-Mogul emerged from chapter 11 on Dec. 27, 2007. (Federal-Mogul Bankruptcy News, Issue No. 176; Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/or 215/945-7000) GREEKTOWN HOLDINGS: Files Monthly Operating Report for October -------------------------------------------------------------- Greektown Holdings, LLC Balance Sheet As of October 31, 2008 Assets Cash $0 Inventory Accounts receivable Insider Receivables 3,442,586 Property and Equipment Land and buildings 0 Furniture, fixtures and equipment 0 Other Assets Financing Fees 0 Notes receivables from affiliates 393,776,401 Investments in affiliate 125,692,183 -------------- Total Assets $522,911,170 ============== Liabilities and Stockholder's Equity Postpetition liabilities: Accounts payable $0 Rent and lease payable 0 Wages and salaries 0 Taxes payable 0 Other 1,350,000 -------------- Total postpetition liabilities 1,350,000 Secured liabilities subject to postpetition collateral or financing order 79,810,637 All other secured liabilities 313,965,764 -------------- Total secured liabilities 393,776,401 Prepetition liabilities: Taxes and other priority liabilities 0 Unsecured liabilities 215,250,265 Discount on bonds 0 -------------- Total prepetition liabilities 215,250,265 Kewadin equity (99,399,607) Monroe equity (87,697,011) Owner's capital 488,947 Retained earnings prepetition 116,601,907 Retained earnings postpetition (17,459,731) -------------- Total stockholders' equity (87,465,496) Total liabilities 610,376,666 -------------- Total Liabilities & Shareholders' Deficit $522,911,170 ============== Greektown Holdings, LLC Income Statement For the month ended October 31, 2008 Total revenue/sales $0 Cost of sales 0 -------------- Gross profit 0 Operating Expenses Interest expense 1,657,292 Accounting fees - credit 0 -------------- Total expenses 1,657,292 Net operating profit/(loss) Add: Non-operating income 0 Interest income 0 Other income 0 Less: Non-operating expenses 0 -------------- Net Income (Loss) ($1,657,292) ============== Greektown Holdings, LLC Cash Flow Statement For the month ended October 31, 2008 Cash - beginning of month $0 Receipts 0 Balance available 0 -------------- Less disbursements 0 -------------- Cash - end of month $0 ============== Greektown Casino LLC Balance Sheet As of October 31, 2008 Assets Cash $15,335,080 Inventory 411,377 Accounts receivable 5,679,375 Insider Receivables 0 Property and Equipment Land and buildings 469,975,926 Furniture, fixtures and equipment 80,830,045 Accumulated depreciation (133,773,244) Other 11,330,806 Other 144,731,771 -------------- Total Assets $594,521,136 ============== Liabilities and Stockholder's Equity Postpetition liabilities: Accounts payable $31,816,090 Rent and lease payable 0 Wages and salaries 3,326,504 Taxes payable 368,747 Other 32,271 -------------- Total postpetition liabilities 35,543,611 Secured liabilities subject to postpetition collateral or financing order 79,810,637 All other secured liabilities 313,965,764 -------------- Total secured liabilities 393,776,401 Prepetition liabilities: Taxes and other priority liabilities 6,769,406 Unsecured liabilities 29,744,380 Other 2,995,156 -------------- Total prepetition liabilities 39,508,942 Equity 47,646,499 Owner's capital 0 Retained earnings prepetition 82,744,007 Retained earnings postpetition (4,698,324) -------------- Total stockholders' equity 125,692,182 Total liabilities 468,828,954 -------------- Total Liabilities & Shareholders' Deficit $594,521,136 ============== Greektown Casino LLC Income Statement For the month ended October 31, 2008 Total revenue/sales $24,328,589 Cost of sales 2,414,109 -------------- Gross profit 21,914,480 Operating Expenses Officer compensation 82,374 Salary expenses, other employees 4,348,238 Employees benefits & pensions 1,932,254 Payroll taxes 497,579 Other taxes 513,396 Rent and lease expense 5,072 Interest expense 2,336,892 Insurance 138,902 Automobile & truck expense 0 Utilities 209,690 Depreciation 573,557 Travel and entertainment 4,647 Repairs and maintenance 33,764 Advertising 355,700 Supplies, office expense, etc. 8,387 Gaming taxes 6,494,299 G&A expenses 2,495,424 F&B expenses 570,897 MGCB Fee 818,866 Parking/other 24,244 Pre-opening expenses 179,211 -------------- Total expenses 21,623,395 Net operating profit/(loss) 291,085 Add: Non-operating income 0 Interest income 14,302 Other income 0 Less: Non-operating expenses 0 Professional fees 1,505,014 Other 200,000 -------------- Net Income/Loss ($1,399,626) ============== Greektown Casino LLC Cash Flow Statement For the month ended October 31, 2008 Cash - beginning of month $4,619,628 Receipts 36,234,158 Balance available 40,853,786 -------------- Less disbursements 37,825,512 -------------- Cash - end of month $3,028,274 ============== About Greektown Casino Based in Detroit, Michigan, Greektown Holdings, LLC and its affiliates -- http://www.greektowncasino.com/-- operates world- class casino gaming facilities located in Detroit's historic Greektown district featuring more than 75,000 square feet of casino gaming space with more than 2,400 slot machines, over 70 tables games, a 12,500-square foot salon dedicated to high limit gaming and the largest live poker room in the metropolitan Detroit gaming market. Greektown Casino employs approximately 1,971 employees, and estimates that it attracts over 15,800 patrons each day, many of whom make regular visits to its casino complex and related properties. In 2007, Greektown Casino achieved a 25.6% market share of the metropolitan Detroit gaming market. Greektown Casino has also been rated as the "Best Casino in Michigan" and "Best Casino in Detroit" numerous times in annual readers' polls in Detroit's two largest newspapers. The company and seven of its affiliates filed for Chapter 11 protection on May 29, 2008 (Bankr. E.D. Mich. Lead Case No. 08-53104). Daniel J. Weiner, Esq., Michael E. Baum, Esq., and Ryan D. Heilman, Esq., at Schafer and Weiner PLLC, represent the Debtors in their restructuring efforts. Judy B. Calton, Esq., at Honigman Miller Schwartz and Cohn LLP, represents the Debtors as their special counsel. The Debtors chose Conway MacKenzie & Dunleavy as their financial advisor, and Kurtzman Carson Consultants LLC as claims, noticing, and balloting agent. When the Debtor filed for protection from its creditors, it listed consolidated estimated assets and debts of $100 million to $500 million. (Greektown Casino Bankruptcy News, Issue No. 18; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000). INTERSTATE BAKERIES: Posts $14,742,445 in Four Weeks Ended Oct. 18 ------------------------------------------------------------------ Interstate Bakeries Corporation and Subsidiaries Unaudited Consolidated Monthly Operating Report Four Weeks Ended October 18, 2008 REVENUE Gross Income $215,353,338 Less Cost of Goods Sold Ingredients, Packaging & Outside Purchasing 61,737,458 Direct & Indirect Labor 34,552,692 Overhead & Production Administration 11,920,984 ------------- Total Cost of Goods Sold 108,211,134 ------------- Gross Profit 107,142,204 ------------- OPERATING EXPENSES Owner-Draws/Salaries 0 Selling & Delivery Employee Salaries 48,261,664 Advertising and Marketing 1,979,293 Insurance (Property, Casualty, & Medical) 11,563,494 Payroll Taxes 4,076,015 Lease and Rent 2,965,792 Telephone and Utilities 1,240,884 Corporate Expense (Including Salaries) 6,873,900 Other Expenses 30,201,272 ------------- Total Operating Expenses 107,162,314 ------------- EBITDA (20,110) Restructuring & Reorganization Charges 5,477,307 Depreciation and Amortization 4,502,783 Abandonment 4,489 Property & Equipment Impairment 0 Other(Income)/Expense 42,908 Gain/Loss Sale of Property 0 Interest Expense 4,910,591 ------------- Operating Income (Loss) (14,958,188) Income Tax Expense (Benefit) (215,743) ------------- NET Income (Loss) ($14,742,445) ============= CURRENT ASSETS Accounts Receivable at end of period $135,809,761 Increase (Dec.) in Accounts Receivable 727,216 Inventory at end of period 3,738,396 Increase (Decrease) in Inventory for period (479,432) Cash at end of period 24,098,629 Increase (Decrease) in Cash for period 2,268,782 Restricted Cash 21,103,656 Increase (Dec.) in Restricted Cash for period 13,498 LIABILITIES Increase (Decrease) in Liabilities Not Subject to Compromise 16,050,341 Increase (Decrease) in Liabilities Subject to Compromise (256,197) Taxes payable: Federal Payroll Taxes 3,910,791 State/Local Payroll Taxes 3,743,422 State Sales Taxes 757,903 Real Estate and Personal Property Taxes 8,050,166 Other 2,575,978 ------------- Total Taxes Payable $19,038,260 ============= A full-text copy of IBC's Monthly Operating Report is available for free at: http://researcharchives.com/t/s?360f About IBC Headquartered in Kansas City, Missouri, Interstate Bakeries Corporation is a wholesale baker and distributor of fresh-baked bread and sweet goods, under various national brand names, including Wonder(R), Baker's Inn(R), Merita(R), Hostess(R) and Drake's(R). Currently, IBC employs more than 25,000 people and operates 45 bakeries, as well as approximately 800 distribution centers and approximately 800 bakery outlets throughout the country. The company and eight of its subsidiaries and affiliates filed for chapter 11 protection on Sept. 22, 2004 (Bankr. W.D. Mo. Case No. 04-45814). J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $1,626,425,000 in total assets and $1,321,713,000 (excluding the $100,000,000 issue of 6% senior subordinated convertible notes due Aug. 15, 2014) in total debts. The Debtors' filed their Chapter 11 Plan and Disclosure Statement on Nov. 5, 2007. Their exclusive period to file a chapter 11 plan expired on Nov. 8, 2007. On Jan. 25, 2008, the Debtors filed their First Amended Plan and Disclosure Statement. On Jan. 30, 2008, the Debtors received court approval of the first amended Disclosure Statement. IBC did not receive any qualifying alternative proposals for funding its plan of reorganization in accordance with the court-approved alternative proposal procedures. As a result, no auction was held on Jan. 22, 2008, as would have been required under those procedures. The Debtors, on Oct. 4, 2008, filed another Plan of Reorganization, which contemplates IBC's emergence from Chapter 11 as a stand-alone company. The filing of the Plan was made in connection with the plan funding commitments, on Sept. 12, 2008, from an affiliate of Ripplewood Holdings L.L.C. and from Silver Point Finance, LLC, and Monarch Master Funding Ltd. (Interstate Bakeries Bankruptcy News, Issue No. 120; Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/or 215/945-7000) PLASTECH ENGINEERED: Decorating's March & April Operating Reports ----------------------------------------------------------------- Plastech Decorating Systems, Inc. Balance Sheets As of March 31 and April 30, 2008 March 31, 2008 April 30, 2008 -------------- -------------- ASSETS Cash $1,000 $1,000 Inventory 2,571,815 2,573,596 Accounts receivable 10,631,321 11,698,482 Insider receivables 0 0 Land & buildings 5,890,113 5,890,113 Furniture, fixtures & equipment 19,057,342 19,044,832 Accumulated depreciation (14,408,229) (14,593,967) Prepaid expenses 5,000 0 Deposits & other assets 1,951,808 1,943,904 ----------- ----------- Total Assets 25,700,170 26,557,959 =========== =========== LIABILITIES AND EQUITY Postpetition Liabilities Wages & salaries 68,198 113,201 Taxes payable 55,050 82,575 Accrued liabilities 1,490,789 2,011,706 Intercompany liabilities 3,636,959 3,707,120 ---------- ----------- Total postpetition liabilities 5,250,996 5,914,602 ---------- ----------- Secured liabilities 0 0 Prepetition liabilities Priority liabilities - taxes 368,027 368,027 Unsecured liabilities - accrued 412,414 230,378 Intercompany liabilities 18,998,621 18,998,621 ---------- ----------- Total prepetition liabilities 19,779,062 19,597,026 ---------- ----------- Total Liabilities 25,030,058 25,511,628 ========== =========== Equity Owner's capital 0 0 Retained earnings prepetition (deficit) (201,848) (201,848) Retained earnings postpetition (deficit) 871,960 1,248,179 ----------- ------------ Total Equity 670,112 1,046,331 ----------- ------------ Total Liabilities & Equity $25,700,170 $26,557,959 =========== ============ Plastech Decorating Systems, Inc. Statements of Operations For the Months Ended March and April 2008 March 2008 April 2008 ---------- ---------- Total sales $4,163,962 $3,607,949 Cost of sales 3,593,384 3,231,730 ---------- ---------- Gross profit 570,578 376,219 ---------- ---------- Expenses 0 0 ---------- ---------- Net operating profit (loss) 570,578 376,219 ---------- ---------- Non-operating Income and Expenses 0 0 ---------- ---------- Net income (loss) $570,578 $376,219 ========== ========== About Plastech Engineered Based in Dearborn, Michigan, Plastech Engineered Products, Inc. -- http://www.plastecheng.com/-- is a full-service automotive supplier of interior, exterior and underhood components. It designs and manufactures blow-molded and injection-molded plastic products primarily for the automotive industry. Plastech's products include automotive interior trim, underhood components, bumper and other exterior components, and cockpit modules. Plastech's major customers are General Motors, Ford Motor Company, and Toyota, as well as Johnson Controls, Inc. Plastech is a privately held company and is the largest family- owned company in the state of Michigan. The company is certified as a Minority Business Enterprise by the state of Michigan. Plastech maintains more than 35 manufacturing facilities in the midwestern and southern United States. The company's products are sold through an in-house sales force. The company and eight of its affiliates filed for Chapter 11 protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08- 42417). Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C., represent the Debtors in their restructuring efforts. The Debtors chose Jones Day as their special corporate and litigation counsel. Lazard Freres & Co. LLC serves as the Debtors' investment bankers, while Conway, MacKenzie & Dunleavy provide financial advisory services. The Debtors also employed Donlin, Recano & Company as their claims and noticing agent. Joel D. Applebaum, Esq., at Clark Hill PLC, represents the Official Committee of Unsecured Creditors. The Debtors filed their Plan of Liquidation on August 11, 2008. As of Dec. 31, 2006, the company's books and records reflected assets totaling $729,000,000 and total liabilities of $695,000,000. (Plastech Bankruptcy News, Issue No. 41; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000) PLASTECH ENGINEERED: Decorating's May & June Operating Reports -------------------------------------------------------------- Plastech Decorating Systems, Inc. Balance Sheets As of May 31 and June 30, 2008 May 31, 2008 June 30, 2008 ------------ ------------- ASSETS Cash $1,000 $1,000 Inventory 2,216,355 2,441,271 Accounts receivable 8,968,572 5,341,042 Insider receivables 0 0 Land & buildings 5,890,113 5,890,113 Furniture, fixtures & equipment 19,022,446 19,114,716 Accumulated depreciation (14,780,034) (15,051,807) Deposits & other assets 1,904,838 1,964,889 ----------- ----------- Total Assets 23,223,289 19,701,223 =========== =========== LIABILITIES AND EQUITY Postpetition Liabilities Wages & salaries 150,366 153,695 Taxes payable 110,100 137,625 Accrued liabilities 2,185,608 1,960,178 Intercompany liabilities (265,554) (3,810,105) --------- ----------- Total postpetition liabilities 2,180,520 (1,558,607) --------- ----------- Secured liabilities 0 0 Prepetition liabilities Priority liabilities - taxes 368,027 368,027 Unsecured liabilities - accrued 260,304 108,796 Intercompany liabilities 18,998,621 18,998,621 ---------- ----------- Total prepetition liabilities 19,626,952 19,475,444 ---------- ----------- Total Liabilities 21,807,472 17,916,837 ========== =========== Equity Owner's capital 0 0 Retained earnings prepetition (deficit) (201,848) (201,848) Retained earnings postpetition (deficit) 1,617,665 1,986,234 ---------- ----------- Total Equity 1,415,817 1,784,386 ------------ ----------- Total Liabilities & Equity $23,223,289 $19,701,223 ============ =========== Plastech Decorating Systems, Inc. Statements of Operations For the Months Ended May and June 2008 May 2008 June 2008 -------- --------- Total sales $3,597,050 $4,242,950 Cost of sales 3,227,564 3,874,381 ----------- ----------- Gross profit 369,486 368,569 ----------- ----------- Expenses 0 0 ----------- ----------- Net operating profit (loss) 369,486 368,569 ----------- ----------- Non-operating Income and Expense 0 0 ----------- ----------- Net income (loss) $369,486 $368,569 =========== =========== About Plastech Engineered Based in Dearborn, Michigan, Plastech Engineered Products, Inc. -- http://www.plastecheng.com/-- is a full-service automotive supplier of interior, exterior and underhood components. It designs and manufactures blow-molded and injection-molded plastic products primarily for the automotive industry. Plastech's products include automotive interior trim, underhood components, bumper and other exterior components, and cockpit modules. Plastech's major customers are General Motors, Ford Motor Company, and Toyota, as well as Johnson Controls, Inc. Plastech is a privately held company and is the largest family- owned company in the state of Michigan. The company is certified as a Minority Business Enterprise by the state of Michigan. Plastech maintains more than 35 manufacturing facilities in the midwestern and southern United States. The company's products are sold through an in-house sales force. The company and eight of its affiliates filed for Chapter 11 protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08- 42417). Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C., represent the Debtors in their restructuring efforts. The Debtors chose Jones Day as their special corporate and litigation counsel. Lazard Freres & Co. LLC serves as the Debtors' investment bankers, while Conway, MacKenzie & Dunleavy provide financial advisory services. The Debtors also employed Donlin, Recano & Company as their claims and noticing agent. Joel D. Applebaum, Esq., at Clark Hill PLC, represents the Official Committee of Unsecured Creditors. The Debtors filed their Plan of Liquidation on August 11, 2008. As of Dec. 31, 2006, the company's books and records reflected assets totaling $729,000,000 and total liabilities of $695,000,000. (Plastech Bankruptcy News, Issue No. 41; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000) PLASTECH ENGINEERED: Exterior's Operating Reports -- March & April ------------------------------------------------------------------ Plastech Exterior Systems, Inc. Balance Sheets As of March 31 and April 30, 2008 March 31, 2008 April 30, 2008 -------------- -------------- ASSETS Cash $12,369 $12,369 Inventory 16,045,993 16,592,706 Accounts receivable 40,721,296 43,327,049 Insider receivables 0 0 Land & buildings 19,171,723 19,171,723 Furniture, fixtures & equipment 95,748,873 95,837,622 Accumulated depreciation (86,335,069) (86,932,679) Prepaid expenses 252,491 0 Deposits & other assets 2,878,338 2,881,108 ------------ ------------ Total Assets 88,496,013 90,889,898 ============ ============ LIABILITIES AND EQUITY Postpetition Liabilities Accounts payable - trade 5,585 5,943 Wages & salaries 166,217 292,590 Taxes payable 191,252 286,477 Accrued liabilities 10,198,643 15,029,650 Intercompany liabilities 5,005,429 5,874,044 ----------- ----------- Total postpetition liabilities 15,567,127 21,488,704 ----------- ----------- Secured liabilities 0 0 Prepetition liabilities Unsecured liabilities - trade 18,636 18,905 Priority liabilities - taxes 598,328 598,328 Unsecured liabilities - accrued 5,261,243 1,894,220 Intercompany liabilities 66,238,383 66,238,383 ----------- ----------- Total prepetition liabilities 72,116,590 68,749,836 ----------- ----------- Total Liabilities 87,683,717 90,238,540 =========== =========== Equity Owner's capital 0 0 Retained earnings prepetition (deficit) (1,399,828) (1,399,828) Retained earnings postpetition (deficit) 2,212,124 2,051,187 ----------- ----------- Total Equity 812,296 651,359 ----------- ----------- Total Liabilities & Equity $88,496,013 $90,889,898 =========== =========== Plastech Exterior Systems, Inc. Statements of Operations For the Months Ended March and April 2008 March 2008 April 2008 ----------- ----------- Total sales $18,358,094 $13,664,519 Cost of sales 17,188,206 13,825,694 ----------- ----------- Gross profit 1,169,887 (161,175) ----------- ----------- Expenses 0 0 ----------- ----------- Net operating profit (loss) 1,169,887 (161,175) ----------- ----------- Other income 282 237 ----------- ----------- Net income (loss) $1,170,169 ($160,938) =========== =========== About Plastech Engineered Based in Dearborn, Michigan, Plastech Engineered Products, Inc. -- http://www.plastecheng.com/-- is a full-service automotive supplier of interior, exterior and underhood components. It designs and manufactures blow-molded and injection-molded plastic products primarily for the automotive industry. Plastech's products include automotive interior trim, underhood components, bumper and other exterior components, and cockpit modules. Plastech's major customers are General Motors, Ford Motor Company, and Toyota, as well as Johnson Controls, Inc. Plastech is a privately held company and is the largest family- owned company in the state of Michigan. The company is certified as a Minority Business Enterprise by the state of Michigan. Plastech maintains more than 35 manufacturing facilities in the midwestern and southern United States. The company's products are sold through an in-house sales force. The company and eight of its affiliates filed for Chapter 11 protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08- 42417). Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C., represent the Debtors in their restructuring efforts. The Debtors chose Jones Day as their special corporate and litigation counsel. Lazard Freres & Co. LLC serves as the Debtors' investment bankers, while Conway, MacKenzie & Dunleavy provide financial advisory services. The Debtors also employed Donlin, Recano & Company as their claims and noticing agent. Joel D. Applebaum, Esq., at Clark Hill PLC, represents the Official Committee of Unsecured Creditors. The Debtors filed their Plan of Liquidation on August 11, 2008. As of Dec. 31, 2006, the company's books and records reflected assets totaling $729,000,000 and total liabilities of $695,000,000. (Plastech Bankruptcy News, Issue No. 41; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000) PLASTECH ENGINEERED: Exterior's May & June Operating Reports ------------------------------------------------------------ Plastech Exterior Systems, Inc. Balance Sheets As of May 31 and June 30, 2008 May 31, 2008 June 30, 2008 ------------ ------------- ASSETS Cash $12,369 $12,369 Inventory 13,620,317 8,536,536 Accounts receivable 35,811,622 28,158,981 Insider receivables 0 0 Land & buildings 19,208,839 19,000,363 Furniture, fixtures & equipment 95,657,103 88,290,768 Accumulated depreciation (87,527,177) (81,195,074) Deposits & other assets 2,831,808 2,794,608 ----------- ------------ Total Assets 79,614,880 65,598,552 =========== ============ LIABILITIES AND EQUITY Postpetition Liabilities Accounts payable - trade 5,943 5,782 Wages & salaries 347,554 302,973 Taxes payable 380,772 479,206 Accrued liabilities 15,836,849 16,595,170 Intercompany liabilities (4,711,843) (14,772,988) ----------- ------------ Total postpetition liabilities 11,859,275 2,610,143 ----------- ------------ Secured liabilities 0 0 Prepetition liabilities Unsecured liabilities - trade 18,905 18,905 Priority liabilities - taxes 598,328 598,328 Unsecured liabilities - accrued 152,637 (1,775,984) Intercompany liabilities 66,238,383 66,238,383 ----------- ------------ Total prepetition liabilities 67,008,252 65,079,631 ----------- ------------ Total Liabilities 78,867,527 $67,689,774 =========== ============ Equity Owner's capital 0 0 Retained earnings prepetition (deficit) (1,399,828) (1,399,828) Retained earnings postpetition (deficit) 2,147,181 (691,395) ----------- ------------ Total Equity 747,353 (2,091,222) ----------- ------------ Total Liabilities & Equity $79,614,880 $65,598,552 =========== ============ Plastech Exterior Systems, Inc. Statements of Operations For the Months Ended May and June 2008 May 2008 June 2008 -------- --------- Total sales $12,766,199 $16,686,956 Cost of sales 12,670,439 19,525,828 ----------- ----------- Gross profit 95,760 (2,838,872) ----------- ----------- Expenses 0 0 ----------- ----------- Net operating profit (loss) 95,760 (2,838,872) ----------- ----------- Other income 234 297 ----------- ----------- Net income (loss) $95,994 ($2,838,575) =========== ============ About Plastech Engineered Based in Dearborn, Michigan, Plastech Engineered Products, Inc. -- http://www.plastecheng.com/-- is a full-service automotive supplier of interior, exterior and underhood components. It designs and manufactures blow-molded and injection-molded plastic products primarily for the automotive industry. Plastech's products include automotive interior trim, underhood components, bumper and other exterior components, and cockpit modules. Plastech's major customers are General Motors, Ford Motor Company, and Toyota, as well as Johnson Controls, Inc. Plastech is a privately held company and is the largest family- owned company in the state of Michigan. The company is certified as a Minority Business Enterprise by the state of Michigan. Plastech maintains more than 35 manufacturing facilities in the midwestern and southern United States. The company's products are sold through an in-house sales force. The company and eight of its affiliates filed for Chapter 11 protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08- 42417). Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C., represent the Debtors in their restructuring efforts. The Debtors chose Jones Day as their special corporate and litigation counsel. Lazard Freres & Co. LLC serves as the Debtors' investment bankers, while Conway, MacKenzie & Dunleavy provide financial advisory services. The Debtors also employed Donlin, Recano & Company as their claims and noticing agent. Joel D. Applebaum, Esq., at Clark Hill PLC, represents the Official Committee of Unsecured Creditors. The Debtors filed their Plan of Liquidation on August 11, 2008. As of Dec. 31, 2006, the company's books and records reflected assets totaling $729,000,000 and total liabilities of $695,000,000. (Plastech Bankruptcy News, Issue No. 41; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000) PLASTECH ENGINEERED: Files Operating Reports -- March & April ------------------------------------------------------------- Plastech Engineered Products, Inc. Balance Sheets As of March 31 and April 30, 2008 March 31, 2008 April 30, 2008 -------------- -------------- ASSETS Cash $10,389,109 $16,416,295 Inventory 12,307,252 9,442,331 Accounts receivable (110,086,185) (110,610,024) Insider receivables 10,926,204 10,919,161 Land & buildings 29,932,449 29,932,449 Furniture, fixtures & equipment 75,711,942 77,521,693 Accumulated depreciation (82,588,551) (83,117,152) Unbilled tooling (net) 24,416,307 18,455,080 Prepaid expenses 668,496 1,499,386 Investment in Trimquest 4,931,799 2,648,864 Deposits & other assets 27,539,557 25,868,869 ----------- ----------- Total Assets 4,148,378 (1,023,047) =========== =========== LIABILITIES AND EQUITY Postpetition Liabilities: Accounts payable - trade 14,265,917 14,840,449 Accounts payable - tooling 20,684,355 18,710,627 Wages & salaries 11,039,063 7,528,504 Taxes payable 709,203 (861,289) Accrued interest 6,672,144 9,583,962 Accrued liabilities 10,180,614 13,271,460 Intercompany liabilities (4,154,613) 24,866,974 ----------- ----------- Total postpetition liabilities 59,396,683 87,940,687 ----------- ----------- Secured liabilities Subject to postpetition collateral or DIP Revolver 38,121,053 42,019,545 ----------- ----------- Total secured liabilities 38,121,053 42,019,545 ----------- ----------- Prepetition liabilities Unsecured liabilities - trade 47,252,780 50,970,767 Unsecured liabilities - tooling 21,408,925 21,408,925 Priority liabilities: Wages & salaries 0 0 Taxes (4,156,827) (4,156,827) Debt 388,846,190 386,979,779 Interest 279,126 279,126 Unsecured liabilities - accrued (23,793,122) 39,610,345 Intercompany liabilities (295,256,063) (295,256,063) ------------ ------------ Total prepetition liabilities 134,581,009 199,836,053 ------------ ------------ Total Liabilities 232,098,745 329,796,285 ============ ============ Equity: Owner's capital 1,396,030 1,396,030 Other comprehensive income (loss) (3,083,108) (3,083,108) Retained earnings prepetition (deficit) (206,202,344) (206,202,344) Retained earnings postpetition (deficit) (20,060,945) (122,929,909) ------------ ------------ Total Equity (227,950,367) (330,819,331) ------------ ------------ Total Liabilities & Equity $4,148,378 ($1,023,047) ============ ============ Plastech Engineered Products, Inc. Statements of Operations For the Months Ended March and April 2008 March 2008 April 2008 ---------- ---------- Total sales $8,004,469 ($611,147) Cost of sales 9,243,431 10,600,312 ----------- ----------- Gross profit (1,238,962) (11,211,459) ----------- ----------- Expenses: Officers Compensation 688,156 694,996 Salary expenses -- other employees 3,456,942 3,331,832 Employee benefits & pensions 241,304 47,424 Payroll taxes 315,205 290,313 Other taxes 210,611 (1,569,904) Rent and lease expense 474,780 585,773 Interest expense 4,142,427 4,246,852 Insurance 15,174 15,174 Automobile & truck expense 61,223 60,029 Utilities 234,678 250,082 Depreciation 188,571 183,800 Travel & entertainment 95,819 130,567 Repairs & maintenance 120,482 139,067 Supplies, office expenses 19,895 19,695 Outside services 413,845 73,706 Design recoveries (160,173) (241,576) Commissions 50,500 47,089 Tooling (157,785) (30,908) ----------- ---------- Total expenses 10,411,653 8,274,010 Net operating profit (loss) (11,650,615) (19,485,469) ----------- ---------- Non-operating income and expense: Interest income 98,013 78,411 Other income 1,236 6,385 Other income (Trimquest) 296,596 470,817 Professional fees (1,239,160) (2,162,262) ----------- ---------- Net income (loss) ($12,493,930) ($21,092,119) =========== =========== About Plastech Engineered Based in Dearborn, Michigan, Plastech Engineered Products, Inc. -- http://www.plastecheng.com/-- is a full-service automotive supplier of interior, exterior and underhood components. It designs and manufactures blow-molded and injection-molded plastic products primarily for the automotive industry. Plastech's products include automotive interior trim, underhood components, bumper and other exterior components, and cockpit modules. Plastech's major customers are General Motors, Ford Motor Company, and Toyota, as well as Johnson Controls, Inc. Plastech is a privately held company and is the largest family- owned company in the state of Michigan. The company is certified as a Minority Business Enterprise by the state of Michigan. Plastech maintains more than 35 manufacturing facilities in the midwestern and southern United States. The company's products are sold through an in-house sales force. The company and eight of its affiliates filed for Chapter 11 protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08- 42417). Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C., represent the Debtors in their restructuring efforts. The Debtors chose Jones Day as their special corporate and litigation counsel. Lazard Freres & Co. LLC serves as the Debtors' investment bankers, while Conway, MacKenzie & Dunleavy provide financial advisory services. The Debtors also employed Donlin, Recano & Company as their claims and noticing agent. Joel D. Applebaum, Esq., at Clark Hill PLC, represents the Official Committee of Unsecured Creditors. The Debtors filed their Plan of Liquidation on August 11, 2008. As of Dec. 31, 2006, the company's books and records reflected assets totaling $729,000,000 and total liabilities of $695,000,000. (Plastech Bankruptcy News, Issue No. 41; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000) PLASTECH ENGINEERED: Files Operating Reports -- May & June 2008 --------------------------------------------------------------- Plastech Engineered Products, Inc. Balance Sheets As of May 31 and June 30, 2008 May 31, 2008 June 30, 2008 ------------- ------------- ASSETS Cash $12,499,220 $12,948,827 Inventory 9,147,427 5,503,250 Accounts receivable (109,063,098) (60,366,007) Insider receivables 10,904,545 10,918,915 Land & buildings 29,932,449 29,814,790 Furniture, fixtures & equipment 77,476,404 56,118,465 Accumulated depreciation (83,638,191) (64,774,799) Unbilled tooling (net) 17,932,771 9,941,343 Prepaid expenses 1,945,875 3,288,889 Investment in Trimquest 2,989,878 3,131,703 Deposits & other assets 26,495,538 25,887,102 ------------ ------------- Total Assets (3,377,184) 32,412,478 ============ ============= LIABILITIES AND EQUITY Postpetition Liabilities Accounts payable - trade 4,029,735 26,875,020 Accounts payable - tooling 18,482,730 22,225,776 Wages & salaries 8,145,798 20,680,963 Taxes payable (814,326) (767,364) Accrued interest 12,922,792 12,611,098 Accrued liabilities 14,237,004 15,750,318 Intercompany liabilities 37,571,097 81,978,430 ------------ ------------ Total postpetition liabilities 94,574,829 179,354,241 ------------ ------------ Secured liabilities Subject to postpetition collateral or Revolver 62,445,519 81,950,829 ------------ ------------ Total secured liabilities 62,445,519 81,950,829 ------------ ------------ Prepetition liabilities Unsecured liabilities - trade 51,045,890 52,989,791 Unsecured liabilities - tooling 21,408,925 21,408,925 Priority liabilities: Wages & salaries 0 0 Taxes (4,156,827) (4,156,827) Debt 380,768,184 380,698,431 Interest 279,126 279,126 Unsecured liabilities - accrued (33,724,082) (87,035,632) Intercompany liabilities (295,256,063) (295,256,063) ------------ ------------ Total prepetition liabilities 120,365,153 68,927,752 ------------ ------------ Total Liabilities 277,385,501 330,232,822 ============ ============ Equity: Owner's capital 1,396,030 1,396,030 Other comprehensive income (loss) (3,083,108) (3,083,108) Retained earnings prepetition (deficit) (206,202,344) (206,202,344) Retained earnings postpetition (deficit) (72,873,263) (89,930,921) ------------ ------------ Total Equity (Deficit) (280,762,685) (297,820,343) ------------ ------------ Total Liabilities & Equity ($3,377,184) $32,412,479 ============ ============ Plastech Engineered Products, Inc. Statement of Operations For the Months Ended May 31 and June 30, 2008 May 2008 June 2008 ---------- ----------- Total sales $8,246,507 $3,343,643 Cost of sales 17,088,545 23,679,367 ----------- ------------ Gross profit (8,842,038) (20,335,725) ----------- ------------ Expenses: Officers Compensation 697,396 668,732 Salary expenses -- other employees 3,235,780 3,116,408 Employee benefits & pensions 281,423 222,976 Payroll taxes 278,189 261,639 Other taxes 47,550 47,550 Rent and lease expense 553,548 595,373 Interest expense 4,230,967 131,681 Insurance 15,174 15,174 Automobile & truck expense 54,984 69,437 Utilities 331,057 341,107 Depreciation 179,557 796,037 Travel & entertainment 134,388 174,899 Repairs & maintenance 169,590 152,152 Supplies, office expenses 19,163 72,059 Outside services 174,756 455,667 Design recoveries (216,777) (378,376) Commissions 36,919 41,780 Tooling (4,741) 269,311 ----------- ----------- Total expenses 10,218,923 7,053,606 ----------- ----------- Net operating profit (loss) (19,060,961) (27,389,331) ----------- ----------- Non-operating Income and Expense: Interest income 78,410 0 Other income 313 8,576 Other income (Trimquest) 341,013 141,825 Professional fees (1,363,670) (1,740,867) ----------- ----------- Net income (loss) ($20,004,894) (28,979,798) =========== =========== About Plastech Engineered Based in Dearborn, Michigan, Plastech Engineered Products, Inc. -- http://www.plastecheng.com/-- is a full-service automotive supplier of interior, exterior and underhood components. It designs and manufactures blow-molded and injection-molded plastic products primarily for the automotive industry. Plastech's products include automotive interior trim, underhood components, bumper and other exterior components, and cockpit modules. Plastech's major customers are General Motors, Ford Motor Company, and Toyota, as well as Johnson Controls, Inc. Plastech is a privately held company and is the largest family- owned company in the state of Michigan. The company is certified as a Minority Business Enterprise by the state of Michigan. Plastech maintains more than 35 manufacturing facilities in the midwestern and southern United States. The company's products are sold through an in-house sales force. The company and eight of its affiliates filed for Chapter 11 protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08- 42417). Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C., represent the Debtors in their restructuring efforts. The Debtors chose Jones Day as their special corporate and litigation counsel. Lazard Freres & Co. LLC serves as the Debtors' investment bankers, while Conway, MacKenzie & Dunleavy provide financial advisory services. The Debtors also employed Donlin, Recano & Company as their claims and noticing agent. Joel D. Applebaum, Esq., at Clark Hill PLC, represents the Official Committee of Unsecured Creditors. The Debtors filed their Plan of Liquidation on August 11, 2008. As of Dec. 31, 2006, the company's books and records reflected assets totaling $729,000,000 and total liabilities of $695,000,000. (Plastech Bankruptcy News, Issue No. 41; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000) PLASTECH ENGINEERED: Frenchtown's March & April Operating Reports ----------------------------------------------------------------- Plastech Frenchtown, Inc. Balance Sheets As of March 31 and April 30, 2008 March 31, 2008 April 30, 2008 -------------- -------------- ASSETS Cash $2,000 $2,000 Inventory 5,722,659 5,645,622 Accounts receivable 27,568,527 25,850,434 Insider receivables 0 0 Land & buildings 937,300 937,300 Furniture, fixtures & equipment 17,313,582 17,244,788 Accumulated depreciation (7,435,176) (7,577,195) Prepaid expenses 131,587 (161,045) Deposits & other assets 1,394,075 1,344,350 ----------- ----------- Total Assets 45,634,555 43,286,253 =========== =========== LIABILITIES AND EQUITY Postpetition Liabilities Wages & salaries 136,929 222,952 Accrued liabilities 5,546,999 7,199,266 Intercompany liabilities 6,097,122 1,411,355 ----------- ---------- Total postpetition liabilities 11,781,050 8,833,573 ----------- ---------- Secured liabilities 0 0 Prepetition liabilities Unsecured liabilities - accrued 3,178,484 1,945,681 Intercompany liabilities 25,932,119 25,932,119 ----------- ----------- Total prepetition liabilities 29,110,604 27,877,800 ----------- ----------- Total Liabilities $40,891,654 $36,711,373 =========== =========== Equity Owner's capital 0 0 Retained earnings prepetition (deficit) 1,142,518 1,142,518 Retained earnings postpetition (deficit) 3,600,383 5,432,363 ----------- ----------- Total Equity 4,742,901 6,574,881 ----------- ----------- Total Liabilities & Equity $45,634,555 $43,286,253 =========== =========== Plastech Frenchtown, Inc. Statements of Operations For the Months Ended March and April 2008 March 2008 April 2008 ----------- ----------- Total sales $12,143,410 $10,469,989 Cost of sales 9,358,729 8,638,009 ----------- ----------- Gross profit 2,784,681 1,831,980 ----------- ----------- Expenses 0 0 ----------- ------------ Net operating profit (loss) 2,784,681 1,831,980 ----------- ------------ Non-operating Income and Expense 0 0 ----------- ------------ Net income (loss) $2,784,681 $1,831,980 =========== ============ About Plastech Engineered Based in Dearborn, Michigan, Plastech Engineered Products, Inc. -- http://www.plastecheng.com/-- is a full-service automotive supplier of interior, exterior and underhood components. It designs and manufactures blow-molded and injection-molded plastic products primarily for the automotive industry. Plastech's products include automotive interior trim, underhood components, bumper and other exterior components, and cockpit modules. Plastech's major customers are General Motors, Ford Motor Company, and Toyota, as well as Johnson Controls, Inc. Plastech is a privately held company and is the largest family- owned company in the state of Michigan. The company is certified as a Minority Business Enterprise by the state of Michigan. Plastech maintains more than 35 manufacturing facilities in the midwestern and southern United States. The company's products are sold through an in-house sales force. The company and eight of its affiliates filed for Chapter 11 protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08- 42417). Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C., represent the Debtors in their restructuring efforts. The Debtors chose Jones Day as their special corporate and litigation counsel. Lazard Freres & Co. LLC serves as the Debtors' investment bankers, while Conway, MacKenzie & Dunleavy provide financial advisory services. The Debtors also employed Donlin, Recano & Company as their claims and noticing agent. Joel D. Applebaum, Esq., at Clark Hill PLC, represents the Official Committee of Unsecured Creditors. The Debtors filed their Plan of Liquidation on August 11, 2008. As of Dec. 31, 2006, the company's books and records reflected assets totaling $729,000,000 and total liabilities of $695,000,000. (Plastech Bankruptcy News, Issue No. 41; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000) PLASTECH ENGINEERED: Frenchtown's May & June Operating Reports -------------------------------------------------------------- Plastech Frenchtown, Inc. Balance Sheets As of May 31 and June 30, 2008 May 31, 2008 June 30, 2008 ------------ ------------- ASSETS Cash $2,000 $2,000 Inventory 4,790,589 3,497,316 Accounts receivable 27,873,841 24,667,670 Insider receivables 0 0 Land & buildings 937,300 965,160 Furniture, fixtures & equipment 17,173,996 15,454,906 Accumulated depreciation (7,722,380) (6,388,876) Prepaid expenses (246,045) (331,045) Deposits & other assets 1,295,205 1,275,884 ----------- ----------- Total Assets 44,104,506 39,143,014 =========== =========== LIABILITIES AND EQUITY Postpetition Liabilities Wages & salaries (21,959) 26,138 Accrued liabilities 7,748,569 7,910,436 Intercompany liabilities (211,224) (6,108,107) ---------- ---------- Total postpetition liabilities 7,515,386 1,828,467 ---------- ---------- Secured liabilities 0 0 Prepetition liabilities Unsecured liabilities - accrued 2,043,897 1,962,957 Intercompany liabilities 25,932,119 25,932,119 ----------- ----------- Total prepetition liabilities 27,976,017 27,895,076 ----------- ----------- Total Liabilities 35,491,403 29,723,543 =========== =========== Equity Owner's capital 0 0 Retained earnings prepetition (deficit) 1,142,518 1,142,518 Retained earnings postpetition (deficit) 7,470,586 8,276,953 ----------- ----------- Total Equity 8,613,104 9,419,471 ----------- ----------- Total Liabilities & Equity $44,104,506 $39,143,014 =========== =========== Plastech Frenchtown, Inc. Statements of Operations For the Months Ended May and June 2008 May 2008 June 2008 -------- --------- Total sales $10,798,615 $11,587,690 Cost of sales 8,760,392 10,781,323 ----------- ----------- Gross profit 2,038,223 806,367 ----------- ---------- Expenses 0 0 ----------- ---------- Net operating profit (loss) 2,038,223 806,367 ----------- ---------- Non-operating Income and Expense 0 0 ----------- ---------- Net income (loss) $2,038,223 $806,367 =========== ========== About Plastech Engineered Based in Dearborn, Michigan, Plastech Engineered Products, Inc. -- http://www.plastecheng.com/-- is a full-service automotive supplier of interior, exterior and underhood components. It designs and manufactures blow-molded and injection-molded plastic products primarily for the automotive industry. Plastech's products include automotive interior trim, underhood components, bumper and other exterior components, and cockpit modules. Plastech's major customers are General Motors, Ford Motor Company, and Toyota, as well as Johnson Controls, Inc. Plastech is a privately held company and is the largest family- owned company in the state of Michigan. The company is certified as a Minority Business Enterprise by the state of Michigan. Plastech maintains more than 35 manufacturing facilities in the midwestern and southern United States. The company's products are sold through an in-house sales force. The company and eight of its affiliates filed for Chapter 11 protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08- 42417). Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C., represent the Debtors in their restructuring efforts. The Debtors chose Jones Day as their special corporate and litigation counsel. Lazard Freres & Co. LLC serves as the Debtors' investment bankers, while Conway, MacKenzie & Dunleavy provide financial advisory services. The Debtors also employed Donlin, Recano & Company as their claims and noticing agent. Joel D. Applebaum, Esq., at Clark Hill PLC, represents the Official Committee of Unsecured Creditors. The Debtors filed their Plan of Liquidation on August 11, 2008. As of Dec. 31, 2006, the company's books and records reflected assets totaling $729,000,000 and total liabilities of $695,000,000. (Plastech Bankruptcy News, Issue No. 41; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000) PLASTECH ENGINEERED: Holding's May & June Operating Reports ----------------------------------------------------------- LDM Holding Mexico, Inc., and LDM Holding Canada declared they have no assets and liabilities in their May 31, 2008, and June 30, 2008 operating reports. They also disclosed that they had no revenues during the months ended May 31 and June 30. LDM Holding Mexico and LDM Holding Canada are named insureds on Plastech Engineered Products, Inc.'s insurance coverages. About Plastech Engineered Based in Dearborn, Michigan, Plastech Engineered Products, Inc. -- http://www.plastecheng.com/-- is a full-service automotive supplier of interior, exterior and underhood components. It designs and manufactures blow-molded and injection-molded plastic products primarily for the automotive industry. Plastech's products include automotive interior trim, underhood components, bumper and other exterior components, and cockpit modules. Plastech's major customers are General Motors, Ford Motor Company, and Toyota, as well as Johnson Controls, Inc. Plastech is a privately held company and is the largest family- owned company in the state of Michigan. The company is certified as a Minority Business Enterprise by the state of Michigan. Plastech maintains more than 35 manufacturing facilities in the midwestern and southern United States. The company's products are sold through an in-house sales force. The company and eight of its affiliates filed for Chapter 11 protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08- 42417). Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C., represent the Debtors in their restructuring efforts. The Debtors chose Jones Day as their special corporate and litigation counsel. Lazard Freres & Co. LLC serves as the Debtors' investment bankers, while Conway, MacKenzie & Dunleavy provide financial advisory services. The Debtors also employed Donlin, Recano & Company as their claims and noticing agent. Joel D. Applebaum, Esq., at Clark Hill PLC, represents the Official Committee of Unsecured Creditors. The Debtors filed their Plan of Liquidation on August 11, 2008. As of Dec. 31, 2006, the company's books and records reflected assets totaling $729,000,000 and total liabilities of $695,000,000. (Plastech Bankruptcy News, Issue No. 41; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000) PLASTECH ENGINEERED: LDM Holding's March & April Operating Reports ------------------------------------------------------------------ LDM Holding Mexico, Inc., and LDM Holding Canada declared they have no assets and liabilities in their March 31, 2008 and April 30, 2008 operating reports. They also disclosed that they had no revenues during the months ended March 31 and April 30. LDM Holding Mexico and LDM Holding Canada are named insured on Debtor Plastech Engineered Products, Inc.'s insurance coverages. About Plastech Engineered Based in Dearborn, Michigan, Plastech Engineered Products, Inc. -- http://www.plastecheng.com/-- is a full-service automotive supplier of interior, exterior and underhood components. It designs and manufactures blow-molded and injection-molded plastic products primarily for the automotive industry. Plastech's products include automotive interior trim, underhood components, bumper and other exterior components, and cockpit modules. Plastech's major customers are General Motors, Ford Motor Company, and Toyota, as well as Johnson Controls, Inc. Plastech is a privately held company and is the largest family- owned company in the state of Michigan. The company is certified as a Minority Business Enterprise by the state of Michigan. Plastech maintains more than 35 manufacturing facilities in the midwestern and southern United States. The company's products are sold through an in-house sales force. The company and eight of its affiliates filed for Chapter 11 protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08- 42417). Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C., represent the Debtors in their restructuring efforts. The Debtors chose Jones Day as their special corporate and litigation counsel. Lazard Freres & Co. LLC serves as the Debtors' investment bankers, while Conway, MacKenzie & Dunleavy provide financial advisory services. The Debtors also employed Donlin, Recano & Company as their claims and noticing agent. Joel D. Applebaum, Esq., at Clark Hill PLC, represents the Official Committee of Unsecured Creditors. The Debtors filed their Plan of Liquidation on August 11, 2008. As of Dec. 31, 2006, the company's books and records reflected assets totaling $729,000,000 and total liabilities of $695,000,000. (Plastech Bankruptcy News, Issue No. 41; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000) PLASTECH ENGINEERED: LDM Tech's Operating Reports -- March & April ------------------------------------------------------------------ LDM Technologies, Inc. Balance Sheets As of March 31 and April 30, 2008 March 31, 2008 April 30, 2008 -------------- -------------- ASSETS Cash $19,000 $19,000 Inventory 19,298,137 19,880,115 Accounts receivable 84,149,717 71,965,317 Insider receivables 599 1,530 Land & buildings 36,567,521 36,567,521 Furniture, fixtures & equipment 133,717,783 132,208,536 Accumulated depreciation (118,829,536) (119,766,930) Prepaid expenses 669,672 28,037 Deposits & other assets 4,725,818 4,638,762 ------------ ----------- Total Assets 160,318,711 145,541,887 ============ ============ LIABILITIES AND EQUITY Postpetition Liabilities Wages & salaries 411,766 668,718 Taxes payable 93,982 146,542 Accrued liabilities 17,889,200 23,479,283 Intercompany liabilities 4,179,557 (16,551,584) ----------- ----------- Total postpetition liabilities 22,574,505 7,742,958 ----------- ----------- Secured liabilities 0 0 Prepetition liabilities Priority liabilities - taxes 472,412 472,412 Unsecured liabilities - accrued 8,968,105 5,471,503 Intercompany liabilities 113,913,587 113,913,587 ----------- ----------- Total prepetition liabilities 123,354,103 119,857,501 ----------- ----------- Total Liabilities 145,928,608 127,600,459 =========== =========== Equity Owner's capital 0 0 Retained earnings prepetition (deficit) 4,039,301 4,039,301 Retained earnings postpetition (deficit) 10,350,803 13,902,127 ------------ ------------ Total Equity 14,390,103 17,941,428 ------------ ------------ Total Liabilities & Equity $160,318,711 $145,541,887 ============ ============ LDM Technologies, Inc. Statements of Operations For the Months Ended March and April 2008 March 2008 April 2008 ---------- ---------- Total sales $34,546,906 $24,008,493 Cost of sales 27,653,084 20,457,168 ----------- ----------- Gross profit 6,893,822 3,551,325 ----------- ----------- Expenses 0 0 ----------- ----------- Net operating profit (loss) 6,893,822 3,551,325 ----------- ----------- Non-operating Income and Expense 0 0 ----------- ----------- Net income (loss) $6,893,822 $3,551,325 =========== =========== About Plastech Engineered Based in Dearborn, Michigan, Plastech Engineered Products, Inc. -- http://www.plastecheng.com/-- is a full-service automotive supplier of interior, exterior and underhood components. It designs and manufactures blow-molded and injection-molded plastic products primarily for the automotive industry. Plastech's products include automotive interior trim, underhood components, bumper and other exterior components, and cockpit modules. Plastech's major customers are General Motors, Ford Motor Company, and Toyota, as well as Johnson Controls, Inc. Plastech is a privately held company and is the largest family- owned company in the state of Michigan. The company is certified as a Minority Business Enterprise by the state of Michigan. Plastech maintains more than 35 manufacturing facilities in the midwestern and southern United States. The company's products are sold through an in-house sales force. The company and eight of its affiliates filed for Chapter 11 protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08- 42417). Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C., represent the Debtors in their restructuring efforts. The Debtors chose Jones Day as their special corporate and litigation counsel. Lazard Freres & Co. LLC serves as the Debtors' investment bankers, while Conway, MacKenzie & Dunleavy provide financial advisory services. The Debtors also employed Donlin, Recano & Company as their claims and noticing agent. Joel D. Applebaum, Esq., at Clark Hill PLC, represents the Official Committee of Unsecured Creditors. The Debtors filed their Plan of Liquidation on August 11, 2008. As of Dec. 31, 2006, the company's books and records reflected assets totaling $729,000,000 and total liabilities of $695,000,000. (Plastech Bankruptcy News, Issue No. 41; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000) PLASTECH ENGINEERED: LDM Tech's May & June Operating Reports ------------------------------------------------------------ LDM Technologies, Inc. Balance Sheets As of May 31 and June 30, 2008 May 31, 2008 June 30, 2008 ------------ ------------- ASSETS Cash $19,000 $19,000 Inventory 18,021,623 11,194,588 Accounts receivable 73,105,719 68,622,997 Insider receivables 710 710 Land & buildings 36,596,068 36,454,001 Furniture, fixtures & equipment 130,859,625 125,194,722 Accumulated depreciation (119,542,477) (114,955,751) Unbilled tooling (net) 0 0 Prepaid expenses (125,297) (276,947) Deposits & other assets 4,540,751 3,809,008 ------------ ------------- Total Assets 143,475,722 130,062,328 ============ ============ LIABILITIES AND EQUITY Postpetition Liabilities Wages & salaries 370,659 491,686 Taxes payable 197,765 250,325 Accrued liabilities 21,131,099 24,006,952 Intercompany liabilities (17,816,474) (40,143,861) ----------- ------------ Total postpetition liabilities 3,883,049 (15,394,898) ----------- ------------ Secured liabilities 0 0 Prepetition liabilities Priority liabilities - taxes 472,412 472,412 Unsecured liabilities - accrued 5,646,326 4,886,362 Intercompany liabilities 113,913,587 113,913,587 ----------- ------------ Total prepetition liabilities 120,032,324 119,272,361 ----------- ------------ Total Liabilities 123,915,373 103,877,463 =========== ============ Equity Owner's capital 0 0 Retained earnings prepetition (deficit) 4,039,301 4,039,301 Retained earnings postpetition (deficit) 15,521,048 22,145,565 ------------ ------------ Total Equity 19,560,349 26,184,866 ------------ ------------ Total Liabilities & Equity $143,475,722 $130,062,328 ============ ============ LDM Technologies, Inc. Statements of Operations For the Months Ended May and June 2008 May 2008 June 2008 --------- --------- Total sales $20,729,488 $38,413,097 Cost of sales 19,110,568 31,860,085 ----------- ----------- Gross profit 1,618,921 6,553,012 ----------- ----------- Expenses 0 0 Net operating profit (loss) 1,618,921 6,553,012 ----------- ----------- Non-operating Income and Expense 0 0 ----------- ----------- Net income (loss) $1,618,921 $6,553,012 =========== =========== About Plastech Engineered Based in Dearborn, Michigan, Plastech Engineered Products, Inc. -- http://www.plastecheng.com/-- is a full-service automotive supplier of interior, exterior and underhood components. It designs and manufactures blow-molded and injection-molded plastic products primarily for the automotive industry. Plastech's products include automotive interior trim, underhood components, bumper and other exterior components, and cockpit modules. Plastech's major customers are General Motors, Ford Motor Company, and Toyota, as well as Johnson Controls, Inc. Plastech is a privately held company and is the largest family- owned company in the state of Michigan. The company is certified as a Minority Business Enterprise by the state of Michigan. Plastech maintains more than 35 manufacturing facilities in the midwestern and southern United States. The company's products are sold through an in-house sales force. The company and eight of its affiliates filed for Chapter 11 protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08- 42417). Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C., represent the Debtors in their restructuring efforts. The Debtors chose Jones Day as their special corporate and litigation counsel. Lazard Freres & Co. LLC serves as the Debtors' investment bankers, while Conway, MacKenzie & Dunleavy provide financial advisory services. The Debtors also employed Donlin, Recano & Company as their claims and noticing agent. Joel D. Applebaum, Esq., at Clark Hill PLC, represents the Official Committee of Unsecured Creditors. The Debtors filed their Plan of Liquidation on August 11, 2008. As of Dec. 31, 2006, the company's books and records reflected assets totaling $729,000,000 and total liabilities of $695,000,000. (Plastech Bankruptcy News, Issue No. 41; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000) PLASTECH ENGINEERED: MBS Polymet's March & April Operating Reports ------------------------------------------------------------------ MBS Polymet, Inc. Balance Sheets As of March 31 and April 30, 2008 March 31, 2008 April 30, 2008 -------------- -------------- ASSETS Cash $1,000 $1,000 Inventory 1,133,097 1,344,122 Accounts receivable 1,871,352 1,879,003 Insider receivables 0 0 Land & buildings 1,218,046 1,218,046 Furniture, fixtures & equipment 9,133,884 9,136,767 Accumulated depreciation (7,606,358) (7,663,786) Deposits & other assets 4,256 2,637 ---------- ----------- Total Assets 5,755,276 5,917,790 ========== =========== LIABILITIES AND EQUITY Postpetition Liabilities Wages & salaries 19,870 38,861 Taxes payable 18,300 27,450 Accrued liabilities 335,849 572,748 Intercompany liabilities (1,200,279) (1,259,416) ----------- ----------- Total postpetition liabilities (826,260) (620,356) ----------- ----------- Secured liabilities 0 0 Prepetition liabilities Priority liabilities - taxes 63,141 63,141 Unsecured liabilities - accrued 659,765 450,792 Intercompany liabilities 5,231,629 5,231,629 ----------- ----------- Total prepetition liabilities 5,954,534 5,745,561 ----------- ----------- Total Liabilities 5,128,274 5,125,205 =========== =========== Equity Owner's capital 0 0 Retained earnings prepetition (deficit) 34,092 34,092 Retained earnings postpetition (deficit) 592,910 758,494 ----------- ----------- Total Equity 627,002 792,585 ----------- ----------- Total Liabilities & Equity $5,755,276 $5,917,790 =========== =========== MBS Polymet, Inc. Statements of Operations For the Months Ended March and April 2008 March 2008 April 2008 Total sales $1,734,861 $1,340,578 Cost of sales 1,449,608 1,174,995 ----------- ---------- Gross profit 285,253 165,583 ----------- ---------- Expenses 0 0 ----------- ---------- Net operating profit (loss) 285,253 165,583 ----------- ---------- Non-operating Income and Expenses 0 0 ----------- ---------- Net income (loss) $285,253 $165,583 =========== ========== About Plastech Engineered Based in Dearborn, Michigan, Plastech Engineered Products, Inc. -- http://www.plastecheng.com/-- is a full-service automotive supplier of interior, exterior and underhood components. It designs and manufactures blow-molded and injection-molded plastic products primarily for the automotive industry. Plastech's products include automotive interior trim, underhood components, bumper and other exterior components, and cockpit modules. Plastech's major customers are General Motors, Ford Motor Company, and Toyota, as well as Johnson Controls, Inc. Plastech is a privately held company and is the largest family- owned company in the state of Michigan. The company is certified as a Minority Business Enterprise by the state of Michigan. Plastech maintains more than 35 manufacturing facilities in the midwestern and southern United States. The company's products are sold through an in-house sales force. The company and eight of its affiliates filed for Chapter 11 protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08- 42417). Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C., represent the Debtors in their restructuring efforts. The Debtors chose Jones Day as their special corporate and litigation counsel. Lazard Freres & Co. LLC serves as the Debtors' investment bankers, while Conway, MacKenzie & Dunleavy provide financial advisory services. The Debtors also employed Donlin, Recano & Company as their claims and noticing agent. Joel D. Applebaum, Esq., at Clark Hill PLC, represents the Official Committee of Unsecured Creditors. The Debtors filed their Plan of Liquidation on August 11, 2008. As of Dec. 31, 2006, the company's books and records reflected assets totaling $729,000,000 and total liabilities of $695,000,000. (Plastech Bankruptcy News, Issue No. 41; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000) PLASTECH ENGINEERED: MBS Polymet's May & June Operating Reports --------------------------------------------------------------- MBS Polymet, Inc. Balance Sheets As of May 31 and June 30, 2008 May 31, 2008 June 30, 2008 ------------ ------------- ASSETS Cash $1,000 $1,000 Inventory 718,404 946,003 Accounts receivable 1,897,519 2,376,991 Insider receivables 0 0 Land & buildings 1,218,046 1,210,748 Furniture, fixtures & equipment 9,222,830 6,568,592 Accumulated depreciation (7,721,314) (5,485,404) Deposits & other assets 1,024 684 ----------- ----------- Total Assets 5,337,510 5,618,615 =========== =========== LIABILITIES AND EQUITY Postpetition Liabilities Wages & salaries (7,529) 1,971 Taxes payable 36,600 45,750 Accrued liabilities 597,060 646,425 Intercompany liabilities (1,836,624) (2,293,545) ----------- ----------- Total postpetition liabilities (1,210,492) (1,599,399) ----------- ----------- Secured liabilities 0 0 Prepetition liabilities Priority liabilities - taxes 63,141 63,141 Unsecured liabilities - accrued 301,850 247,639 Intercompany liabilities 5,231,629 5,231,629 ---------- ----------- Total prepetition liabilities 5,596,619 5,542,408 ---------- ----------- Total Liabilities 4,386,127 3,943,009 ========== =========== Equity Owner's capital 0 0 Retained earnings prepetition (deficit) 34,092 34,092 Retained earnings postpetition (deficit) 917,291 1,641,514 ---------- ----------- Total Equity 951,383 1,675,606 ---------- ----------- Total Liabilities & Equity $5,337,510 $5,618,615 ========== =========== MBS Polymet, Inc. Statements of Operations For the Months Ended May and June 2008 May 2008 June 2008 -------- --------- Total sales $1,441,703 $2,181,076 Cost of sales 1,282,905 1,481,395 ---------- ---------- Gross profit 158,798 699,682 ---------- ---------- Expenses 0 0 ---------- ---------- Net operating profit (loss) 158,798 699,682 ---------- ---------- Non-operating Income and Expense 0 0 ---------- ---------- Net income (loss) $158,798 $699,682 ========== ========== About Plastech Engineered Based in Dearborn, Michigan, Plastech Engineered Products, Inc. -- http://www.plastecheng.com/-- is a full-service automotive supplier of interior, exterior and underhood components. It designs and manufactures blow-molded and injection-molded plastic products primarily for the automotive industry. Plastech's products include automotive interior trim, underhood components, bumper and other exterior components, and cockpit modules. Plastech's major customers are General Motors, Ford Motor Company, and Toyota, as well as Johnson Controls, Inc. Plastech is a privately held company and is the largest family- owned company in the state of Michigan. The company is certified as a Minority Business Enterprise by the state of Michigan. Plastech maintains more than 35 manufacturing facilities in the midwestern and southern United States. The company's products are sold through an in-house sales force. The company and eight of its affiliates filed for Chapter 11 protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08- 42417). Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C., represent the Debtors in their restructuring efforts. The Debtors chose Jones Day as their special corporate and litigation counsel. Lazard Freres & Co. LLC serves as the Debtors' investment bankers, while Conway, MacKenzie & Dunleavy provide financial advisory services. The Debtors also employed Donlin, Recano & Company as their claims and noticing agent. Joel D. Applebaum, Esq., at Clark Hill PLC, represents the Official Committee of Unsecured Creditors. The Debtors filed their Plan of Liquidation on August 11, 2008. As of Dec. 31, 2006, the company's books and records reflected assets totaling $729,000,000 and total liabilities of $695,000,000. (Plastech Bankruptcy News, Issue No. 41; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000) PLASTECH ENGINEERED: Romulus' Operating Reports -- March & April ---------------------------------------------------------------- Plastech Romulus, Inc. Balance Sheets As of March 31 and April 30, 2008 March 31, 2008 April 30, 2008 -------------- -------------- ASSETS Cash $3,000 $3,000 Inventory 3,625,917 4,290,452 Accounts receivable 13,450,455 14,410,100 Insider receivables 1,970 1,430 Land & buildings 1,199,649 1,199,649 Furniture, fixtures & equipment 12,430,525 12,361,674 Accumulated depreciation (4,854,029) (4,997,629) Prepaid expenses 345,014 (10,948) Deposits & other assets 1,242,065 1,262,410 ----------- ----------- Total Assets 27,444,567 28,520,138 =========== =========== LIABILITIES AND EQUITY Postpetition Liabilities Wages & salaries 61,245 115,267 Taxes payable 25,250 37,875 Accrued liabilities 2,344,296 3,774,286 Intercompany liabilities 3,965,454 4,279,277 ----------- ----------- Total postpetition liabilities 6,396,245 8,206,706 ----------- ----------- Prepetition liabilities Priority liabilities - taxes (65,681) (65,681) Unsecured liabilities - accrued 1,600,072 1,153,002 Intercompany liabilities 20,777,630 20,777,630 ----------- ----------- Total prepetition liabilities 22,312,021 21,864,952 ----------- ----------- Total Liabilities 28,708,266 30,071,658 =========== =========== Equity Owner's capital 0 0 Retained earnings prepetition (deficit) (634,783) (634,783) Retained earnings postpetition (deficit) (628,916) (916,737) ----------- ----------- Total Equity (1,263,699) (1,551,520) ----------- ----------- Total Liabilities & Equity $27,444,567 $28,520,138 =========== =========== Plastech Romulus, Inc. Statements of Operations For the Months Ended March and April 2008 March 2008 April 2008 ---------- ---------- Total sales $6,640,150 $5,575,449 Cost of sales 6,765,232 5,863,269 ----------- ----------- Gross profit ($125,082) ($287,821) ----------- ----------- Expenses 0 0 ----------- ----------- Net operating profit (loss) (125,082) (287,821) ----------- ----------- Non-operating Income and Expense 0 0 ----------- ----------- Net income (loss) ($125,082) ($287,821) =========== =========== About Plastech Engineered Based in Dearborn, Michigan, Plastech Engineered Products, Inc. -- http://www.plastecheng.com/-- is a full-service automotive supplier of interior, exterior and underhood components. It designs and manufactures blow-molded and injection-molded plastic products primarily for the automotive industry. Plastech's products include automotive interior trim, underhood components, bumper and other exterior components, and cockpit modules. Plastech's major customers are General Motors, Ford Motor Company, and Toyota, as well as Johnson Controls, Inc. Plastech is a privately held company and is the largest family- owned company in the state of Michigan. The company is certified as a Minority Business Enterprise by the state of Michigan. Plastech maintains more than 35 manufacturing facilities in the midwestern and southern United States. The company's products are sold through an in-house sales force. The company and eight of its affiliates filed for Chapter 11 protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08- 42417). Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C., represent the Debtors in their restructuring efforts. The Debtors chose Jones Day as their special corporate and litigation counsel. Lazard Freres & Co. LLC serves as the Debtors' investment bankers, while Conway, MacKenzie & Dunleavy provide financial advisory services. The Debtors also employed Donlin, Recano & Company as their claims and noticing agent. Joel D. Applebaum, Esq., at Clark Hill PLC, represents the Official Committee of Unsecured Creditors. The Debtors filed their Plan of Liquidation on August 11, 2008. As of Dec. 31, 2006, the company's books and records reflected assets totaling $729,000,000 and total liabilities of $695,000,000. (Plastech Bankruptcy News, Issue No. 41; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000) PLASTECH ENGINEERED: Romulus' Operating Reports -- May & June 2008 ------------------------------------------------------------------ Plastech Romulus, Inc. Balance Sheets As of May 31 and June 30, 2008 May 31, 2008 June 30, 2008 ------------ ------------- ASSETS Cash $3,000 $3,000 Inventory 3,358,125 2,082,387 Accounts receivable 10,852,552 8,736,947 Insider receivables (1) (1) Land & buildings 1,199,649 1,100,972 Furniture, fixtures & equipment 12,191,803 10,846,436 Accumulated depreciation (5,143,702) (4,489,733) Prepaid expenses (76,398) (141,848) Deposits & other assets 1,237,343 1,441,767 ----------- ----------- Total Assets $23,622,372 19,579,928 =========== =========== LIABILITIES AND EQUITY Postpetition Liabilities Wages & salaries (25,808) 3,925 Taxes payable 50,500 63,125 Accrued liabilities 2,990,321 3,365,485 Intercompany liabilities 1,304,088 (685,957) ----------- ----------- Total postpetition liabilities 4,319,101 2,746,578 ----------- ----------- Secured liabilities 0 0 Prepetition liabilities Priority liabilities - taxes (65,681) (65,681) Unsecured liabilities - accrued 1,032,678 922,149 Intercompany liabilities 20,777,630 20,777,630 ----------- ----------- Total prepetition liabilities 21,744,628 21,634,098 ----------- ----------- Total Liabilities 26,063,729 24,380,676 =========== =========== Equity Owner's capital 0 0 Retained earnings prepetition (deficit) (634,783) (634,783) Retained earnings postpetition (deficit) (1,806,574) (4,165,966) ---------- ----------- Total Equity (2,441,357) (4,800,749) ---------- ----------- Total Liabilities & Equity $23,622,372 $19,579,928 =========== =========== Plastech Romulus, Inc. Statements of Operations For the Months Ended May and June 2008 May 2008 June 2008 -------- --------- Total sales $4,612,239 $5,288,570 Cost of sales 5,502,652 7,649,534 ---------- ----------- Gross profit (890,413) (2,360,964) ---------- ----------- Expenses 0 0 ---------- ----------- Net operating profit (loss) (890,413) (2,360,964) ---------- ----------- Other income 576 1,572 ---------- ----------- Net income (loss) ($889,837) ($2,359,392) ========== =========== About Plastech Engineered Based in Dearborn, Michigan, Plastech Engineered Products, Inc. -- http://www.plastecheng.com/-- is a full-service automotive supplier of interior, exterior and underhood components. It designs and manufactures blow-molded and injection-molded plastic products primarily for the automotive industry. Plastech's products include automotive interior trim, underhood components, bumper and other exterior components, and cockpit modules. Plastech's major customers are General Motors, Ford Motor Company, and Toyota, as well as Johnson Controls, Inc. Plastech is a privately held company and is the largest family- owned company in the state of Michigan. The company is certified as a Minority Business Enterprise by the state of Michigan. Plastech maintains more than 35 manufacturing facilities in the midwestern and southern United States. The company's products are sold through an in-house sales force. The company and eight of its affiliates filed for Chapter 11 protection on Feb. 1, 2008 (Bankr. E.D. Mich. Lead Case No. 08- 42417). Gregg M. Galardi, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Deborah L. Fish, Esq., at Allard & Fish, P.C., represent the Debtors in their restructuring efforts. The Debtors chose Jones Day as their special corporate and litigation counsel. Lazard Freres & Co. LLC serves as the Debtors' investment bankers, while Conway, MacKenzie & Dunleavy provide financial advisory services. The Debtors also employed Donlin, Recano & Company as their claims and noticing agent. Joel D. Applebaum, Esq., at Clark Hill PLC, represents the Official Committee of Unsecured Creditors. The Debtors filed their Plan of Liquidation on August 11, 2008. As of Dec. 31, 2006, the company's books and records reflected assets totaling $729,000,000 and total liabilities of $695,000,000. (Plastech Bankruptcy News, Issue No. 40; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000) TOUSA INC: Files Monthly Operating Report for October 2008 ---------------------------------------------------------- TOUSA, Inc., and Subsidiaries Consolidated Balance Sheet As of October 31, 2008 ASSETS Cash and Cash Equivalents: Cash in bank $278,302,267 Cash equivalents (due from title company 16,481,195 from closings) Inventory: Deposits 43,420,305 Land 442,835,064 Residences completed and under construction 435,614,311 Inventory not owned 25,061,774 --------------- 946,931,454 Property and equipment, net 14,734,011 Investments in unconsolidated joint ventures 11,400,349 Receivables from unconsolidated joint ventures - Accounts receivable 25,361,244 Other assets 72,894,767 Goodwill 11,152,000 --------------- 1,377,257,287 Net Assets of Financial Services 21,792,397 --------------- Total Assets $1,399,049,684 =============== LIABILITIES & STOCKHOLDERS' EQUITY Accounts payable and other liabilities $432,768,444 Customer deposits 17,083,680 Obligations for inventory not owned 27,140,247 Notes payable 1,592,015,402 Bank borrowings 226,950,499 --------------- Total Liabilities 2,295,958,272 Stockholders' Equity: Preferred stock 12,440,535 Common stock 596,042 Additional paid in capital 565,185,463 Retained earnings (1,475,130,628) --------------- Total Stockholders' Equity (896,908,588) --------------- Total liabilities and Stockholders' Equity $1,399,049,684 =============== TOUSA, Inc., and Subsidiaries Consolidated Statement of Operations For the Period October 1 to 31, 2008 Revenues: Home sales $64,602,615 Land sales 2,342,238 --------------- 66,944,853 Cost of Sales: Home sales 58,133,925 Land sales 863,367 --------------- 58,997,292 --------------- Gross Profit 7,947,561 Total selling, general and admin expenses 17,743,063 Income (loss) from joint ventures, net - Interest expense, net 14,673,392 Other (income) expense, net (106,556) --------------- Homebuilding pretax income (loss) (24,362,338) Financial services pretax income (loss) (200,513) Income (loss) before income taxes (24,562,851) Provision (benefit) for income taxes 0 --------------- Net Income (loss) ($24,562,851) =============== TOUSA, INC. and Subsidiaries Consolidated Schedule of Receipts and Disbursements For the Period October 1 to 31, 2008 Funds at beginning of period $276,692,819 RECEIPTS Cash sales 66,378,237 Accounts receivable - Other receipts 6,341,842 --------------- Total receipts 72,720,079 --------------- Total funds available for operations 349,412,898 DISBURSEMENTS Advertising 1,002,020 Bank charges 2,762 Contract labor 64,779 Fixed asset payments 161,839 Insurance 468,055 Inventory payments 49,358,093 Leases 559,279 Manufacturing supplies - Office supplies 218,065 Payroll - net 7,676,334 Professional fees (accounting and legal) 6,380,984 Rent 353,669 Repairs & maintenance 484,138 Secured creditor payments - Taxes paid - payroll 34,163 Taxes paid - sales & use 1,019,158 Taxes paid - other 979,831 Telephone 270,817 Travel & entertainment 120,956 U.S. Trustee quarterly fees 143,300 Utilities 197,360 Vehicle expenses 38,909 Other operating expenses 1,576,120 --------------- Total disbursements 71,110,631 --------------- Ending Balance $278,302,267 =============== About TOUSA Inc. Headquartered in Hollywood, Florida, TOUSA Inc. (Pink Sheets: TOUS) -- http://www.tousa.com/-- fka Technical Olympic U.S.A. Inc., dba Technical U.S.A., Inc., Engle Homes, Newmark Homes L.P., TOUSA Homes Inc. and Newmark Homes Corp. is a leading homebuilder in the United States, operating in various metropolitan markets in 10 states located in four major geographic regions: Florida, the Mid-Atlantic, Texas, and the West. TOUSA designs, builds, and markets high-quality detached single-family residences, town homes, and condominiums to a diverse group of homebuyers, such as "first-time" homebuyers, "move-up" homebuyers, homebuyers who are relocating to a new city or state, buyers of second or vacation homes, active-adult homebuyers, and homebuyers with grown children who want a smaller home. It also provides financial services to its homebuyers and to others through its subsidiaries, Preferred Home Mortgage Company and Universal Land Title Inc. The Debtor and its debtor-affiliates filed for separate Chapter 11 protection on Jan. 29, 2008. (Bankr. S.D. Fla. Case No. 08-10928). The Debtors have selected M. Natasha Labovitz, Esq., Brian S. Lennon, Esq., Richard M. Cieri, Esq. and Paul M. Basta, Esq., at Kirkland & Ellis LLP; and Paul Steven Singerman, Esq., at Berger Singerman, to represent them in their restructuring efforts. Lazard Freres & Co. LLC is the Debtors' investment banker. Ernst & Young LLP is the Debtors' independent auditor and tax services provider. Kurtzman Carson Consultants LLC acts as the Debtors' Notice, Claims & Balloting Agent. TOUSA's direct subsidiary, Beacon Hill at Mountain's Edge LLC dba Eagle Homes, filed for Chapter 11 Protection on July 30, 2008, (Bankr. S.D. Fla. Case No.: 08-20746). It listed assets between $1 million and $10 million, and debts between $1 million and $10 million. The Official Committee of Unsecured Creditors hired Patricia A. Redmond, Esq., and the law firm Stearns Weaver Weissler Alhadeff & Sitterson, P.A., as its local counsel. TOUSA Inc.'s balance sheet at June 30, 2008, showed total assets of $1,734,422,756 and total liabilities of $2,300,053,979. TOUSA's Exclusive Plan Filing Period expires Oct. 25, 2008. (TOUSA Bankruptcy News, Issue No. 27; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000). TRICOM SA: Debtors' Monthly Operating Report -- October 2008 ------------------------------------------------------------ Tricom S.A., et al. Consolidated Balance Sheet (Unaudited) As of October 31, 2008 ASSETS Current Assets: Cash and Cash Equivalents $15,571,092 Accounts Receivable 25,357,600 Inventories, Net 2,718,866 Prepaid Expenses 7,412,590 Deferred Income Taxes 133,141 ------------ Total current assets 51,193,289 Property and equipment, net 245,073,420 Pledged Securities 142,933 Intangible Assets 2,664,641 Other assets 4,606,072 ------------ TOTAL ASSETS $303,680,355 ============ LIABILITIES & SHAREHOLDERS' EQUITY Liabilities Subject to Compromise (Prepetition) Short term obligations (Bank Overdraft) $121,070 Accounts Payable Long Term Debt 441,419,826 Other Liabilities 1,717,225 Interest Payable 278,245,042 Accrued Expenses 3,740,778 ------------ 725,243,941 Liabilities not Subject to Compromise (Post-petition) Short term obligations (Bank Overdraft) 106,407 Accounts payable 23,341,515 Restructuring Related Items 4,140,444 Interest Payable 34,271 Accrued expenses 10,085,920 Other liabilities 392,849 Deferred Revenues 2,233,553 ------------ 40,334,959 ------------ Total current liabilities 765,578,900 Reserve for severance indemnities 235,248 Deferred income tax 133,141 ------------ Total liabilities 765,947,289 Shareholder's equity: Common stock-Class A 24,951,270 Common stock-Class B 12,595,095 Additional Paid in capital 275,496,988 Legal reserve 2,189,281 Retained earnings (Losses) (24,115,932) Retained earning (Loss) Prior years (751,359,874) Equity adjustment from foreign currency translation (2,023,762) ------------ SHAREHOLDER'S EQUITY, NET (462,266,934) TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $303,680,355 ============ Tricom S.A., et al. Consolidated Statements of Operations (Unaudited) For the Month Ended October 31, 2008 Operating revenues $17,697,654 Operating costs and administrative expenses (18,307,583) Restructuring Related Items (1,063,000) ----------- Operating income (1,672,929) Interest expenses (356,154) Interest income 45,858 Foreign currency exchange 104,997 Other 2,600,362 ----------- Total other income (expenses) 2,395,063 Net earnings (Loss) Pre-Tax 722,134 Net earnings (Loss) $722,134 =========== Tricom S.A., et al. Statement of Cash Flows (Unaudited) For the Month Ended October 31, 2008 Cash Flows provided by operating activities: Net loss from continuing operations $722,134 Adjustments to reconcile net earnings (Loss) and net cash provided by (used in) operating activities: Depreciation 3,528,330 Allowance for doubtful accounts 454,139 Amortizations issue cost 18,077 Increase (Decrease) In: Accounts Receivable 309,895 Inventories 532,970 Prepaid Expenses 476,265 Other Assets (158,145) Accounts payable 1,476,457 Interest Payable (167,277) Restructuring Related Payable (697,819) Accrued expenses (1,488,187) Other liabilities (88,125) Capex Adjustment 130,379 ----------- Total adjustment 4,326,959 Net cash used in operating activities 5,049,093 Cash flows from investing activities: Acquisition of property and equipment (2,267,056) Pledged Securities 32 ----------- Net cash used in investing activities (2,267,024) Cash Flows from financing activities: Bank Overdraft 106,357 Borrowed funds (paid to) from banks (34,996) ----------- Net cash provided (used) by financing activities 71,361 Increase (Decrease) of cash and cash equivalents 2,853,430 Cash and cash equivalents, beginning 12,717,662 ----------- Cash and cash equivalents, end $15,571,092 =========== For the month ended October 31, 2008, the Debtors made total disbursements of $21,823,557: Tricom, S.A $16,283,775 Tricom USA, Inc. $1,740,926 TCN Dominicana, S.A. $3,798,854 About Tricom S.A. Tricom, S.A., was incorporated in the Dominican Republic on Jan. 25, 1988, as a Sociedad Anonima. Tricom is one of the pre-eminent full service communications services providers in the Dominican Republic. Headquartered in Santo Domingo, Tricom offers local, long distance, and mobile telephone services, cable television and broadband data transmission and Internet services, which are provided to more than 729,000 customers. Tricom's wireless network covers about 90% of the Dominican Republic's population. Tricom's local service network is 100% digital. The company also owns interests in undersea fiber- optic cable networks that connect and transmit telecommunications signals between Central America, the Caribbean, the United States and Europe. Tricom USA, Inc., a wholly owned subsidiary of Tricom, was incorporated in Delaware in 1992, and at that time was known as Domtel Communications. A name change was effected in 1997 and Domtel Communications formally became Tricom USA, Inc. Tricom USA originates, transports and terminates international long-distance traffic using switching stations and other telecommunications equipment located in New York and Florida. Tricom S.A. and its U.S. affiliates filed for Chapter 11 protection on Feb. 29, 2008 (Bankr. S.D. N.Y. Case No. 08- 10720). Larren M. Nashelsky, Esq., at Morrison & Foerster LLP, in New York City, represent the Debtors. When the Debtors' filed for protection from their creditors, they listed total assets of $327,600,000 and total debts of $764,600,000. As of June 30, 2008, Tricom had $316,325,466 in assets and $771,970,349 in liabilities. (Tricom Bankruptcy News, Issue No. 16; Bankruptcy Creditors' Services Inc.; http://bankrupt.com/newsstand/or 215/945-7000) TVIA INC: Reports $89,139 Net Loss for Oct. 16 to Oct. 31 Period ---------------------------------------------------------------- Tvia, Inc. filed with the U.S. Bankruptcy Court for the Northern District of California on Dec. 3, 2008, its monthly operating report for the period from Oct. 16, 2008, to Oct. 31, 2008. The company reported a net loss $89,139 on net sales of $138,272 for the period from Oct. 16, 2008, to Oct. 31, 2008. A full-text copy of the monthly operating report is available for free at http://researcharchives.com/t/s?3611 Tvia, Inc. -- http://www.tvia.com/-- is fabless semiconductor company based in Santa Clara, California. The company designs and produces display processors for the digital television market. The company filed for Chapter 11 relief on Oct. 15, 2008 (Bankr. N.D. Calif. Case No. 08-55860). John Walshe Murray, Esq., at the Law Offices of Murray and Murray, represents the Debtor as counsel. When the Debtor filed for protection from its creditors, it listed total assets of $5,577,657 and total debtos of $1,077,966. VERASUN ENERGY: Files Initial Monthly Operating Report ------------------------------------------------------ VeraSun Energy Corp. and its debtor-affiliates submitted to the Court their initial monthly operating report containing these documents: (1) 12-month cash flow projection, which can be downloaded at: http://bankrupt.com/misc/VeraSunCashFlow.pdf (2) certificates of insurance, copies of which are available for free at http://bankrupt.com/misc/VeraSunInsurance.pdf (3) a list of retainers paid to professionals, available for free at http://bankrupt.com/misc/VeraSunRetainers.pdf Headquartered in Sioux Falls, South Dakota, VeraSun Energy Corp. -- http://www.verasun.comor http://www.VE85.com/-- is a producer and marketer of ethanol and distillers grains. Founded in 2001, the company has a fleet of 16 production facilities in eight states, with 14 in operation. The company and its debtor-affiliates filed for Chapter 11 protection on Oct. 31, 2008, (Bankr. D. Del. Case No. 08-12606) Mark S. Chehi, Esq. at Skadden Arps Slate Meagher & Flom LLP represents the Debtors in their restructuring efforts. AlixPartners LLP serves as their restructuring advisor. Rothschild Inc. is their investment banker and Sitrick & Company is their communication agent. The Debtors' claims noticing and balloting agent is Kurtzman Carson Consultants LLC. The Debtors' total assets as of June 30, 2008, was $3,452,985,000 and their total debts as of June 30, 2008, was $1,913,214,000. VeraSun Bankruptcy News, Issue No. 9; Bankruptcy Creditors' Service Inc.; http://bankrupt.com/newsstand/or 215/945-7000) WASHINGTON MUTUAL: Files Monthly Operating Report for October 2008 ------------------------------------------------------------------ Washington Mutual, Inc., and WMI Investment Corp. delivered to the Court on December 1, 2008, their monthly operating report for the period from September 26 to October 31, 2008. WaMu Chief Financial Officer John Maciel cautioned investors and potential investors "not to place undue reliance upon the information contained in the Monthly Operating Report, which was not prepared for the purpose of providing the basis for an investment decision relating to any of the Debtors securities," but solely to comply with the requirements of the Bankruptcy Court and the United States Trustee. Mr. Maciel noted that subsequent to the acquisition of JPMorgan Chase Bank, National Association of Washington Mutual Bank, WaMu's management has reviewed and adjusted the financial results disclosed in the Operating Report, subject to ongoing investigations. Records of prepetition assets and liabilities are likely to be further adjusted, he averred. Accordingly, the Debtors reserve all rights to amend the Financial Results represented in the Operating Report. WASHINGTON MUTUAL, INC. Unaudited Balance Sheet As of October 31, 2008 ASSETS Unrestricted cash and cash equivalents $4,266,036,078 Restricted cash and cash equivalents 144,005,882 Investment securities 59,686,046 Accrued interest receivable 409,887 Accounts receivable 0 Income tax receivable 497,496,505 Prepaid expenses 9,874,661 Cash surrender value of BOLI/COLI 85,015,433 Funded Pension 638,870,071 Other investments 25,536,440 Investment in subsidiaries 1,903,821,721 Notes receivable, intercompany 58,109,058 Other assets 22,929,254 ---------------- Total Assets $7,711,791,036 ================ LIABILITIES NOT SUBJECT TO COMPROMISE Accounts payable $0 Taxes payable 0 Wages payable 0 Other accrued liabilities 6,695,609 Rent and equipment lease payable 66,476 Deferred tax liability (asset) 0 Other liabilities - intercompany 0 Other postpetition liabilities 0 Minority interest 2,000,000 ---------------- Total Postpetition Liabilities 8,762,085 LIABILITIES NOT SUBJECT TO COMPROMISE Senior debt 4,108,911,139 Subordinated debt 2,356,467,965 Accrued interest payable 75,907,764 Notes payable - intercompany 684,092,246 Accrued interest payable - intercompany 3,012 Accounts payable 0 Accounts payable - intercompany 0 Taxes payable 550,080,030 Payroll and benefit accruals 407,197,595 Other accrued liabilities 96,221,569 Deferred tax liability (asset) 0 Other prepetition liabilities 223 ---------------- Total Prepetition Liabilities 8,278,881,544 ---------------- Total Liabilities 8,287,643,630 SHAREHOLDERS' EQUITY Preferred stock 3,392,341,953 Common stock 12,988,753,556 Other comprehensive income (1,590,664,867) Retained earnings - prepetition (15,370,451,582) Retained earnings - postpetition 4,168,345 ---------------- Total Shareholders' Equity (575,852,594) ---------------- Total Liabilities and Shareholders' Equity $7,711,791,036 ================ WASHINGTON MUTUAL, INC. Unaudited Statement of Operations For the period Sept. 29 to Oct. 31, 2008 REVENUES Interest income: Cash equivalents $642,354 Securities 258 Notes receivable - intercompany 107,925 Other 0 ---------------- Total Interest Income 750,536 Earnings from subsidiaries and other equity investments 10,219,519 Gains (losses) from securities 0 Other income 266,854 ---------------- Total Revenues 11,236,909 OPERATING EXPENSES Compensation and benefits 321,477 Occupancy and equipment 67,373 Professional fees 500,236 Postage, express mail and courier 14 Other outside services 199 Loss (Income) from BOLI/COLI policies (975,695) Management fees/transition services 1,000,000 Insurance 1,436,850 Other 364 ---------------- Total Operating Expenses 2,350,817 Net profit (loss) before other income and expenses 8,886,092 OTHER INCOME AND EXPENSES Interest expense: Notes payable - intercompany (0) Borrowings 0 ---------------- Total Interest Expense (0) Other expense (income) (158,165) ---------------- Net profit (loss) before reorganization items 9,044,257 REORGANIZATION ITEMS Professional fees 4,875,586 U.S. Trustee quarterly fees 325 Gains (losses) from sale of assets 0 Other reorganization expenses 0 ---------------- Total Reorganization Items 4,875,911 ---------------- Net profit (loss) before income taxes 4,168,345 Income taxes 0 ---------------- NET PROFIT (LOSS) $4,168,345 ================ WASHINGTON MUTUAL, INC. Unaudited Schedule of Cash Receipts and Disbursements For the period Sept. 26 to Oct. 31, 2008 Opening Balance 09/26/08 $3,698,242,365 RECEIPTS Interest & investment returns 1,693,123 Tax refunds 245,231,295 Reimbursements from WMB 576,482 Reimbursements from subs 0 Sales of assets 0 Repayment of debt 0 ---------------- Total Receipts 247,500,900 TRANSFERS General to Disbursement 0 General to Payroll 0 ---------------- Total Transfers 0 DISBURSEMENTS Professional fees 0 Contributions 5,000 U.S. trustee quarterly fees 0 Court costs 0 Miscellaneous adjustments (10,927) ---------------- Total Disbursements (5,927) Net Cash Flow 247,506,827 ---------------- Cash - End of Month 3,945,749,192 GL Balance 3,945,749,192 Net Value - short term securities 320,295,220 ---------------- Total Cash and Cash Equivalents $4,266,044,412 ================ WMI INVESTMENT CORP. Unaudited Balance Sheet As of October 31, 2008 ASSETS Unrestricted cash and cash equivalents $56,342,294 Restricted cash and cash equivalents 0 Investment Securities 279,079,570 Accrued interest receivable 2,958,272 Accounts receivable 0 Income tax receivable 17,897,736 Prepaid expenses 0 Cash surrender value of BOLI/COLI 0 Funded Pension 0 Other investments 65,548,850 Investment in subsidiaries 0 Notes receivable, intercompany 565,844,197 Other assets 0 ---------------- Total Assets $987,670,919 ================ LIABILITIES NOT SUBJECT TO COMPROMISE Accounts payable $0 Taxes payable 0 Wages payable 0 Other accrued liabilities 0 Rent and equipment lease payable 0 Deferred tax liability (asset) 0 Other liabilities - intercompany 0 Other postpetition liabilities 0 Minority interest 0 --------------- Total Postpetition Liabilities 0 LIABILITIES NOT SUBJECT TO COMPROMISE Senior debt 0 Subordinated debt 0 Accrued interest payable 0 Notes payable - intercompany 0 Accrued interest payable - intercompany 0 Accounts payable 0 Accounts payable - intercompany 0 Taxes payable 0 Payroll and benefit accruals 0 Other accrued liabilities 0 Deferred tax liability (asset) 0 Other prepetition liabilities 0 ---------------- Total Prepetition Liabilities 0 ---------------- Total Liabilities 0 SHAREHOLDERS' EQUITY Preferred stock 0 Common stock 1,000,000,000 Other comprehensive income (29,663,704) Retained earnings - prepetition 14,133,260 Retained earnings - postpetition 3,201,363 ---------------- Total Shareholders' Equity 987,670,919 ---------------- Total Liabilities and Shareholders' Equity $987,670,919 ================ WMI INVESTMENT CORP. Unaudited Statement of Operations For the period Sept. 27, to Oct. 31, 2008 REVENUES Interest income: Cash equivalents $0 Securities 1,837,526 Notes receivable - intercompany 1 Other 0 ---------------- Total Interest Income 1,837,527 Earnings from subsidiaries and other equity investments 0 Gains (losses) from securities 1,363,836 Other income 0 ---------------- Total Revenues 3,201,363 OPERATING EXPENSES Compensation and benefits 0 Occupancy and equipment 0 Professional fees 0 Postage, express mail and courier 0 Other outside services 0 Loss (Income) from BOLI/COLI policies 0 Management fees/transition services 0 Insurance 0 Other 0 ---------------- Total Operating Expenses 0 Net profit (loss) before other income and expenses 3,201,363 OTHER INCOME AND EXPENSES Interest expense: Notes payable - intercompany 0 Borrowings 0 ---------------- Total Interest Expense 0 Other expense (income) 0 ---------------- Net profit (loss) before reorganization items 3,201,363 REORGANIZATION ITEMS Professional fees 0 U.S. Trustee quarterly fees 0 Gains (losses) from sale of assets 0 Other reorganization expenses 0 ---------------- Total Reorganization Items 0 ---------------- Net profit (loss) before income taxes 3,201,363 Income taxes 0 ---------------- NET PROFIT (LOSS) $3,201,363 ================ WMI INVESTMENT CORP. Unaudited Schedule of Cash Receipts and Disbursements For the period Sept. 26 to Oct. 31, 2008 Opening Balance 09/26/08 $3,751,216,741 RECEIPTS Interest & investment returns 5,061,340 Tax refunds 245,231,295 Reimbursements from WMB 576,482 Reimbursements from subs 0 Sales of assets 0 Repayment of debt 0 ---------------- Total Receipts 250,869,117 TRANSFERS General to Disbursement 0 General to Payroll 0 ---------------- Total Transfers 0 DISBURSEMENTS Professional fees 0 Contributions 5,000 U.S. trustee quarterly fees 0 Court costs 0 Miscellaneous adjustments (10,726) ---------------- Total Disbursements (sic) (5,628) Net Cash Flow (sic) 250,847,745 ---------------- Cash - End of Month (sic) 4,002,091,486 GL Balance (sic) 4,002,091,486 Net Value - short term securities 320,295,220 ---------------- Total Cash and Cash Equivalents (sic) $4,322,386,706 ================ The Debtors' cash receipts and disbursements are with respect to their deposit accounts and general accounts at Washington Mutual Bank/JPMorgan Chase Bank, Bank of New York Mellon and Bank of America. A detailed schedule of WaMu's cash receipts and disbursements is available for free at: http://bankrupt.com/misc/WaMU_CashDisbursementOct2008.pdf WaMu's Preferred Funding Mr. Maciel related a conditional exchange of securities occurred as of the Petition Date with respect to these securities: Depositary Shares Securities Exchanged Into ---------- -------------- Washington Mutual Preferred Series J Perpetual (Cayman) I Ltd. 7.25% Perpetual Non-Cumulative Non-cumulative Preferred Securities Fixed Rate Preferred Series A-1 Stock of WaMu Washington Mutual Preferred Series J Perpetual (Cayman) I Ltd. 7.25% Perpetual Non-Cumulative Non-cumulative Preferred Securities Fixed Rate Preferred Series A-2 Stock of WaMu Washington Mutual Preferred Funding Series I Perpetual Trust I Fixed-to-Floating Rate Non-Cumulative Perpetual Non-Cumulative Trust Fixed-to-Floating Securities Rate Preferred Stock of WaMu Washington Mutual Preferred Funding Series L Perpetual Trust II Fixed-to-Floating Rate Non-Cumulative Perpetual Non-Cumulative Trust Fixed-to-Floating Securities Rate Preferred Stock of WaMu Washington Mutual Preferred Funding Series M Perpetual Trust III Fixed-to-Floating Rate Non-Cumulative Perpetual Non-Cumulative Trust Fixed-to-Floating Securities Rate Preferred Stock of WaMu Washington Mutual Preferred Funding Series N Perpetual Trust IV Fixed-to-Floating Rate Non-Cumulative Perpetual Non-Cumulative Trust Fixed-to-Floating Securities Rate Preferred Stock of WaMu The Conditional Exchange contemplated that each outstanding Security was intended to be exchanged automatically for a like amount of newly issued Shares, each representing a 1/1000th interest in one share of the Series. Until the depositary receipts are delivered, any certificated previously representing Securities are deemed effective, as of the Petition Date, to represent the Depositary Shares they were exchanged into. Mr. Maciel stated that the Debtors are currently assessing unresolved legal, accounting and tax issues related to the Securities; thus, they have not reflected the Conditional Exchange in their Financial Statements. Assuming that the Conditional Exchange had been completed, WaMu's financial statements as of October 31, 2008 will reflect a credit to shareholders' equity of approximately $3.9 billion upon issuance of new classes of WaMu preferred stock that were reserved, as well as a corresponding loss of approximately $3.9 billion upon conversion of the Securities. The Debtors intend "to make a public announcement upon the resolution of the [Securities] issues," Mr. Maciel said. Mr. Maciel attested that all tax returns of WaMu have been filed in accordance with law requirements according to the Company's tax schedule. The Debtors have incorporated remitted payments into their Schedule of Cash Receipts and Disbursements or booked as payable to JPMorgan Chase as a reimbursement. No property tax returns were filed during the period from September 26 through October 31, 2008, Mr. Maciel reported. According to Mr. Maciel, these new bank accounts were opened during the Reporting Period: Company Bank Account No. ------- ---- ----------- Washington Mutual, Inc. Bank of America xxxxxx4228 Washington Mutual, Inc. Bank of America xxxxxx4215 Washington Mutual, Inc. Bank of America xxxxxx4244 Washington Mutual, Inc. Wells Fargo xxxxxx7226 Washington Mutual, Inc. Wells Fargo xxxxxx1254 Washington Mutual, Inc. US Bank xxxxxx2058 Washington Mutual, Inc. BNY Mellon (now closed) xxxxxx3053 WMI Investment Corp. Bank of America xxxxxx4231 A full-text copy of WaMu's October 2008 Operating Report is available for free at the Securities and Exchange Commission: http://ResearchArchives.com/t/s?35d7 About Washington Mutual Based in Seattle, Washington, Washington Mutual Inc. -- http://www.wamu.com/-- is a holding company for Washington Mutual Bank as well as numerous non-bank subsidiaries. The company operates in four segments: the Retail Banking Group, which operates a retail bank network of 2,257 stores in California, Florida, Texas, New York, Washington, Illinois, Oregon, New Jersey, Georgia, Arizona, Colorado, Nevada, Utah, Idaho and Connecticut; the Card Services Group, which operates a nationwide credit card lending business; the Commercial Group, which conducts a multi-family and commercial real estate lending business in selected markets, and the Home Loans Group, which engages in nationwide single-family residential real estate lending, servicing and capital markets activities. Washington Mutual Bank was taken over Sept. 25 by U.S. government regulators. The next day, WaMu and its debtor-affiliate, WMI Investment Corp., filed separate petitions for Chapter 11 relief (Bankr. D. Del. 08-12229 and 08-12228, respectively). Wamu owns 100% of the equity in WMI Investment. Weil Gotshal & Manges represents the Debtors as counsel. When WaMu filed for protection from its creditors, it listed assets of $32,896,605,516 and debts of $8,167,022,695. WMI Investment listed assets of $500,000,000 to $1,000,000,000 with zero debts. (Washington Mutual Inc. Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service Inc.; http://bankrupt.com/newsstand/or 215/945-7000) WCI COMMUNITIES: Files Monthly Operating Report for September 2008 ------------------------------------------------------------------ WCI Communities, Inc., et al. Debtor Entities Consolidated Balance Sheet As of September 30, 2008 ASSETS Cash & cash equivalents $94,045,302 Restricted cash 16,052,103 Contracts receivable 10,283,356 Mortgages & accounts receivable 11,873,243 Real estate inventories 1,579,054,985 Plant & equipment 146,992,766 Investments in joint ventures 272,148,679 Other assets 101,113,401 -------------- Total assets $2,231,563,835 ============== LIABILITIES Liabilities subject to compromise $945,369,906 Accounts payable & other liabilities 58,875,865 Customer deposits 33,403,162 Intercompany due to/from (94,273,895) DIP term loan 80,000,000 Senior secured credit facility 498,923,875 Senior secured term loan 224,829,124 Mortgages & notes payable 1,775,000 CDD obligations 52,462,447 -------------- Total liabilities 1,801,365,484 -------------- Minority interests $16,842,737 -------------- EQUITY Retained earnings $231,687,903 Current year earnings (240,608,764) -------------- Total equity 413,355,614 -------------- Total liabilities and equity $2,231,563,835 ============== WCI Communities, Inc., et al. Consolidated Statement of Operations For the month ended August 31, 2008 Revenue ($6,213,134) Cost of sales (13,955,806) Equity in earnings from joint ventures (35,459) Other income & expense (1,104,842) Real estate taxes, net 3,581,377 Selling, general & admin. expenses 14,474,896 Interest expense, net 8,037,796 Depreciation & amortization 977,641 Expenses related to early repayment of debt - Restructuring costs 24,471 Minority interests - Income taxes - -------------- Net loss ($18,213,210) ============== WCI Communities, Inc., et al. Debtor Entities Consolidated Statements of Operation For the month ended September 30, 2008 Revenue $34,684,843 Cost of sales 40,963,867 Equity in earnings from joint ventures 159,566 Other income & expense 93,348 Real estate taxes, net 2,061,378 Selling, general & admin. expenses (6,511,044) Interest expense, net 8,834,992 Depreciation & amortization 971,661 Expenses related to early repayment of debt - Restructuring costs 7,752,369 Minority interests - Income taxes (504,104) -------------- Net loss ($19,137,191) ============== WCI Communities, Inc., et al. Debtor Entities Schedule of Receipts & Disbursements For the period August 4 through September 30, 2008 Cash receipts: Homebuilding & tower receipts $48,705,918 Bulk sales/land sales - Other misc. receipts 38,969,279 -------------- Total cash receipts $87,675,197 Cash disbursements: SG&A Expenses SG&A $7,563,548 HOA Deficit funding 3,562,081 Payroll incl. taxes, benefits 16,241,111 Other taxes 227,504 -------------- Total SG&A expenses 27,594,244 Operating expenses Homebuilding expenses 3,664,437 Land development 2,989,815 Tower construction 3,728,315 Amenities 1,630,512 Other items 3,330,524 -------------- Total operating expenses 15,343,603 Other misc. expenses - Restructuring expenses Interest on DIP facility - Interest on prepetition debt 7,586,481 DIP/Loan fees 2,664,345 Professional fees 5,267,823 Other - -------------- Total restructuring expenses 15,518,649 -------------- Total cash disbursements $58,456,496 -------------- Net receipts $29,218,701 ============== About WCI Communities Headquartered in Bonita Springs, Florida, WCI Communities, Inc. -- http://www.wcicommunities.com/-- is a fully integrated homebuilding and real estate services company. It has operations in Florida, New York, New Jersey, Connecticut, Massachusetts, Virginia and Maryland. The company directly employs roughly 1,800 people, as well as roughly 1,800 sales representatives as independent contract employees. The company and 126 of its affiliates filed for Chapter 11 protection on Aug. 4, 2008 (Bankr. D. Del. Lead Case No. 08-11643 through 08-11770). Thomas E. Lauria, Esq., Frank L. Eaton, Esq., Linda M. Leali, Esq., at White & Case LLP, in Miami, Florida. Eric Michael Sutty, Esq., and Jeffrey M. Schlerf, Esq., at Bayard, P.A, are the Debtors' local bankruptcy counsel. Lazard Freres & Co. represents the Debtors as financial advisors. The Debtors selected Epiq Bankruptcy Solutions LLC as their claims & notice agent. The U.S. Trustee for Region 3 appointed five creditors to serve on an Official Committee of Unsecured Creditors. Daniel H. Golden, Esq., Lisa Beckerman, Esq., and Philip C. Dublin, Esq., at Akin Gump Strauss Hauer & Feld LLP, and Laura Davis Jones, Esq., Michael R. Seidl, Esq., and Timothy P. Cairns, Esq., at Pachulski Stang Ziehl & Jones LLP, represent the Committee in these cases. When the Debtors filed for protection from their creditors, they listed total assets of $2,178,179,000 and total debts of $1,915,034,000. (WCI Communities Bankruptcy News, 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. 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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. Luke Caballos, Sheryl Joy P. Olano, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R. Villacampa, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2008. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. 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