/raid1/www/Hosts/bankrupt/TCR_Public/110409.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, April 9, 2011, Vol. 14, No. 98

                            Headlines

CAPITAL GROWTH: Ends January 2011 With $2.1 Million Cash
CAPMARK FINANCIAL: Posts $35.5 Million Net Income in February
CATHOLIC CHURCH: Milwaukee Has $2,925,321 Cash at Jan. 31
CATHOLIC CHURCH: Wilmington Has $1,452,379 Cash at Jan. 31
CHAMPION ENTERPRISES: Posts $8,000 Net Loss in February

CREDIT-BASED ASSET: Posts $529,954 Net Loss in February
IMPERIAL CAPITAL: Posts $192,691 Net Loss in February
INNKEEPERS USA: Posts $5.8 Million Net Loss in February
LOCAL INSIGHT: Files Monthly Operating Report for February
MAJESTIC STAR: Posts $1.48 Million Net Income in February

NEW STREAM: Files Initial Monthly Operating Report
NORTEL NETWORKS: Posts $2 Million Net Loss in January 2011
NORTH GENERAL: Posts $2.6 Million Net Loss in February
PFF BANCORP: Posts $13,418 Net Loss in February
PRECISION PARTS: Posts $2,352 Net Loss in January

SEAHAWK DRILLING: Ends February 2011 With $3.3 Million Cash
SEXY HAIR: Reports $668,272 Net Income in February
SEXY HAIR: Ecoly Int'l Reports Net Income of $668,272 in February
TRICO MARINE: Reports $290,703 Net Income in February
WASHINGTON MUTUAL: Ends February 2011 With $4.544 Billion Cash

                            *********

CAPITAL GROWTH: Ends January 2011 With $2.1 Million Cash
--------------------------------------------------------
Capital Growth Systems, Inc., has regularly filed its monthly
operating reports with the U.S. Bankruptcy Court for the District
of Delaware.

The Debtor reported a consolidated net loss of $2.4 million on
$4.6 million of revenues for the month ended October 31, 2011.

A complete text of the October 2010 monthly operating report is
available for free at http://is.gd/hRyBGS

The Debtor reported a consolidated net loss of $2.7 million on
$4.5 million of revenues for the month ended Nov. 30, 2010.

A complete text of the November 2010 monthly operating report is
available for free at http://is.gd/gVEqyL

The Debtor reported a consolidated net loss of $389,900 on
$4.3 million of revenues for the month ended Dec. 31, 2010.

A complete text of the December 2010 monthly operating report is
available for free at http://is.gd/qO5nkn

The Debtor reported a consolidated net loss of $2.0 million on
$4.3 million of revenues for the month ended Jan. 31, 2011.

The Debtor's balance sheet at Jan. 31, 2011, showed $27.6 million
in total assets, $63.9 million in total liabilities, and a
stockholders' deficit of $36.3 million.  The Debtor ended January
2011 with $2.1 million in cash.  

A complete text of the January 2011 monthly operating report is
available for free at http://is.gd/M03sEu

                      About Capital Growth

Headquartered in Chicago, Illinois, Capital Growth Systems, Inc.,
known as Global Capacity, and its subsidiaries operate in one
reportable segment as a single source telecom logistics provider
in North America and the European Union.  The Company helps
customers improve efficiency, reduce cost, and simplify operations
of their complex global networks -- with a particular focus on
access networks.

Capital Growth Systems and its affiliates filed for Chapter 11
protection on.  The lead debtor is Global Capacity Holdco LLC
(Bankr. D. Del. Case No. 10-12302).  Global Capacity Group Inc.
estimated $10 million to $50 million in assets and debts in its
petition.

The U.S. Bankruptcy Court for the District of Delaware entered, on
Jan. 27, 2011, an order approving the sale of substantially all of
the assets of Global Capacity to Pivotal Global Capacity, LLC, or
its subsidiary, GC Pivotal, LLC, an affiliate of Pivotal Group,
Inc.  Pivotal had previously acquired 100% of the secured debt of
Global Capacity.


CAPMARK FINANCIAL: Posts $35.5 Million Net Income in February
-------------------------------------------------------------
BankruptcyData.com reports that Capmark Financial Group filed
with the U.S. Bankruptcy Court a monthly operating report for
February 2011.  For the period the Company reported net income
of $35.5 million on zero revenue.

                      About Capmark Financial

Based in Horsham, Pennsylvania, Capmark Financial Group Inc. --
http://www.capmark.com/-- provides financial services to
investors in commercial real estate-related assets.  Capmark has
three core businesses: lending and mortgage banking, investments
and funds management, and servicing.  Capmark operates in North
America, Europe and Asia.  Capmark has 1,000 employees located in
37 offices worldwide.

On Oct. 25, 2009, Capmark Financial and certain of its
subsidiaries filed voluntary petitions for relief under Chapter 11
(Bankr. D. Del. Lead Case No. 09-13684).  Capmark disclosed assets
of US$20 billion against total debts of US$21 billion as of
June 30, 2009.

Capmark's financial advisors are Lazard Freres & Co. LLC and
Loughlin Meghji + Company.  Capmark's bankruptcy counsel is Dewey
& LeBoeuf LLP.  Richards, Layton & Finger, P.A., serves as local
counsel.  Beekman Advisors, Inc., is serving as strategic advisor.
KPMG LLP is tax and accounting advisor.  Epiq Bankruptcy
Solutions, LLC, is the claims and notice agent.

The Official Committee of Unsecured Creditors in Capmark Financial
Group Inc.'s cases tapped Kramer Levin Naftalis & Frankel LLP as
its counsel and JR Myriad LLC as its commercial real estate
business advisors.  The Committee also retained Cutler Pickering
Hale and Dorr LLP as its attorneys for the special purpose of
providing legal services in connection with Federal Deposit
Insurance Corporation matters.

Protech Holdings C LLC, an affiliate of Capmark, filed for
Chapter 11 protection on July 29, 2010 (Bankr. D. Del. Case No.
10-12387).  The Debtor estimated assets and debts in excess of
$1 billion as of the filing date.

Since filing for Chapter 11, Capmark completed three sales to
generate more than $1 billion in cash.  Berkshire Hathaway Inc.
and Leucadia National Corp. bought most of the business for
$468 million.


CATHOLIC CHURCH: Milwaukee Has $2,925,321 Cash at Jan. 31
---------------------------------------------------------

                   Archdiocese of Milwaukee
                Statement of Financial Position
                    As of January 31, 2011

Current Assets
  Cash and cash equivalents                          $2,925,321
  Short-term investments                              5,533,273
  Accounts receivables                                5,202,167
  Notes receivable                                      828,392
  Other Assets                                        1,335,012
                                                     ----------
     Total Current Assets                            15,824,166

Ground burial & mausoleum crypt sites                 6,167,868
Property and equipment, net                           4,891,156

Investments and Other Assets
  Long-term investments                              12,732,196
  Cemeteries Pre-Need Trust Fund Acct                 3,201,582
  Charitable gift annuities invest.                     732,955
  Other Assets                                          315,470
                                                     ----------
  Total Investments and Other Assets                 16,982,205
                                                     ----------
                                                    $43,865,396
     TOTAL ASSETS                                    ==========


Current Liabilities
  Current maturities of charitable
     gift annuities                                           -
  Accounts payable                                      719,152
  Accrued expenses                                    1,378,846
  Contributions payable C.S.A.                        2,657,224
                                                     ----------
  Total Current Liabilities                           4,755,222

Deferred revenue                                      3,212,340

Prepetition Debt
  Accrued post-retirement and
     pension benefits                                14,862,955
  Contractual contributions payable                   2,760,769
  Pre-Chapter 11 payables                               517,653
  Note payable                                        4,650,000
  Charitable gift annuities                             580,768
                                                     ----------
                                                     23,372,146
                                                     ----------
  Total Liabilities                                  31,339,709

  Unclassified - Prepetition Operations                 500,858
  Unclassified - postpetition Operations             (2,352,979)

  Unrestricted - Current Year                                 -
  Unrestricted - Prior Year                           1,566,138
                                                     ----------
  Total Undesignated operating (deficit)              1,566,138

  Designated Current Year                                     -
  Designated Prior Year                               6,480,976
                                                     ----------
  Total Designated                                    6,480,976
                                                     ----------
  Total Unrestricted                                  8,047,115

  Temporarily restricted Current Year                         -
  Temporarily restricted Prior Year                   2,614,326
                                                     ----------
  Total Temporarily Restricted                        2,614,326

  Permanently restricted Current Year                         -
  Permanently restricted Prior Year                   3,716,366
                                                     ----------
  Total Permanently Restricted                        3,716,366
                                                     ----------
  Total Net Assets                                   12,525,686
                                                     ----------
  Total Liabilities and Net Assets                  $43,865,396
                                                     ==========

Note: Invested funds held for others totaled $2,853,249.


                   Archdiocese of Milwaukee
                    Statement of Activities
             For the month ending January 31, 2011

CHANCERY
Support and Revenue
  Contributions                                        $284,910
  Parish assessments                                     (4,744)
  Parish assessments adj. to budget                           -
  Tuition and fees                                       42,110
  Activities and programs                                 3,306
  Miscellaneous revenues                                 40,607
  Net assets released from restrictions                       -
                                                     ----------
  Total Support and Revenue                             366,191

CHANCERY OPERATING EXPENSES
  Payroll and fringe benefits                           551,869
  Maintenance, insurance, utility costs                  83,168
  Travel and education                                    8,617
  Supplies and services                                 161,065
  Assessments                                                 -
  Purchased services                                    204,650
  Professional services                                 147,525
  Charity and donations                                 284,515
  Miscellaneous expenses                                 56,632
  Pension related changes other than NPPC                     -
                                                     ----------
  Total Operating Expenses                            1,498,045

  Chancery income before fixed assets,               ----------
     non-operations gain (loss), and                 (1,131,854)
     extraordinary expense

FIXED ASSETS
  Fixed asset purchases                                       -
  Depreciation expense                                  (17,880)
  Impairment of leasehold improvements                        -
  Gain(loss) on sale of property and
     equipment, net                                           -
                                                     ----------
  Total Fixed Asset Expense (Income)                    (17,880)

NON-OPERATING ACTIVITIES
  Investment income                                      95,005
  Net realized gains(losses)                               (417)
  Net unrealized gains(losses)                          (31,979)
  Interest expense                                      (18,987)
  Other non-operating revenues(expenses)                      -
                                                     ----------
  Total non-operating activities                         43,620
                                                     ----------
  Extraordinary events, net                                   -
                                                     ----------
Chancery net gain(loss)                              (1,106,114)

Reimbursed operations net gain(loss)                     (2,732)
                                                     ----------
Change in net assets before cumulative               (1,108,846)
  effect and cemetery operations

Cumulative effect of change in                                -
  accounting principle
                                                     ----------
Chancery change in net assets                        (1,108,846)

Cemetery operations
  Cemetery gain(loss)                                  (148,431)
                                                     ----------
Cemetery change in net assets                          (148,431)
                                                     ----------
Total change in net assets                          ($1,257,277)
                                                     ==========

                   Archdiocese of Milwaukee
                         Cash Receipts
             For the month ending January 31, 2011

Receipt Category
  Contributions                                        $297,498
  Assessments                                                 -
  Tuition and fees                                       43,611
  Cemetery cash receipts/transfers                      390,140
  Investment income                                           -
  Realized gains                                              -
  Gains on sales and fixed assets                             -
  Miscellaneous revenues                                 20,915
  Clearing                                                3,793
  A/R & N/R payments                                    410,494
                                                     ----------
  Total Receipts                                     $1,166,454

Notes: Funds transferred in from other
      Archdiocesan accounts                          $3,174,388
      Funds held for others                                   -
                                                     ==========

                   Archdiocese of Milwaukee
                      Cash Disbursements
             For the month ending January 31, 2011

Disbursements Category
  Salary and wages                                     $396,711
  Payroll taxes                                         149,338
  Employee benefits                                      62,386
  Employee withholdings                                  44,607
  Facility and operating                                 84,596
  Travel and education                                   16,832
  Supplies                                              155,101
  Assessments                                                 -
  Purchased services                                    161,680
  Legal                                                       -
  Professional                                                -
  Grants                                                281,402
  Interest and bank fees                                 20,172
  Other                                                  65,739
  Reimbursed expense                                     43,152
  Clearing                                               54,057
  Fee assistance                                            175
                                                     ----------
  Total Disbursements                                $1,535,953

Notes: Funds transferred in from other
      Archdiocesan accounts                          $2,774,388
      Funds held for others                              $3,783
                                                     ==========

              About the Archdiocese of Milwaukee

The Diocese of Milwaukee was established on November 28, 1843, and
was elevated to an Archdiocese on February 12, 1875, by Pope Pius
IX.  The region served by the Archdiocese consists of 4,758 square
miles in southeast Wisconsin which includes counties Dodge, Fond
du Lac, Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth,
Washington and Waukesha.  There are 657,519 registered Catholics
in the Region.

The Catholic Archdiocese of Milwaukee, in Wisconsin, filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Wisc. Case No.
11-20059) on January 4, 2011, to address claims over sexual abuse
by priests on minors.

The Archdiocese became at least the eighth Roman Catholic diocese
in the U.S. to file for bankruptcy to settle claims from current
and former parishioners who say they were sexually molested by
priests.

Daryl L. Diesing, Esq., at Whyte Hirschboeck Dudek S.C., in
Milwaukee, Wisconsin, serves as the Archdiocese's counsel.  The
Official Committee of Unsecured Creditors in the bankruptcy case
has retained Pachulski Stang Ziehl & Jones LLP as its counsel, and
Howard, Solochek & Weber, S.C., as its local counsel.

The Archdiocese estimated assets and debts of $10 million to
$50 million in its Chapter 11 petition.

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


CATHOLIC CHURCH: Wilmington Has $1,452,379 Cash at Jan. 31
----------------------------------------------------------

             Catholic Diocese of Wilmington, Inc.
                         Balance Sheet
                    As of January 31, 2011

ASSETS
  Cash & Equivalents                                 $1,452,379
  Accounts Receivable (Net)                           2,657,453
  Payroll Receivable                                          -
  Notes Receivable                                    1,452,435
  Advance PIA Distributions                           3,317,735
  Professional Retainers                                545,000
  Unrestricted Pooled Investments                    93,154,125
  Restricted Pooled Investments                      33,160,942
  Unallocated Audit Fees                                      -
  Other Assets                                           53,743
  Real Estate                                           899,140
  Assets Held for Others                                      -
                                                    -----------
     TOTAL ASSETS                                  $136,692,952
                                                    ===========

LIABILITIES
  Pre-Filing Accounts Payable                          $136,216
  Payroll & Payroll Taxes Payable                             -
  Payroll Garnishments Payable                                -
  Accrued Vacation Time Payable                         148,013
  Blue Cross/Blue Shield Accrual                         38,044
  Accounts Payable Capital Campaign                       8,778
  Bonds Payable                                      11,000,000
  Priest Pension                                     13,107,216
  Lay Pensions                                       64,366,743
  National Collections                                  386,195
  Other Liabilities                                     724,178
  Assets Held for Others                                      -
  Pooled Investment Account Claims                   83,751,755
                                                    -----------
     TOTAL LIABILITIES                              173,667,138

NET ASSETS
  Beginning Year Net Assets                         (41,816,364)
  Net Assets - Prepetition                            4,138,712
  Net Assets - Postpetition                             703,466
                                                    -----------
TOTAL NET ASSETS                                    (36,974,186)
                                                    -----------
TOTAL LIABILITIES & NET ASSETS                     $136,692,952
                                                    ===========

             Catholic Diocese of Wilmington, Inc.
                    Statement of Operations
             For the month ending January 31, 2011

CDOW Operations
  CDOW Revenue
     Assessments                                       $328,312
     Investment Income                                  791,761
     Operational Income                                 719,244
     Designated Income (Education)                       24,496
                                                    -----------
  Total CDOW Revenue                                  1,863,813

  CDOW Expenses
     Payroll & Taxes                                   (212,509)
     Medical Payments                                         -
     Other Compensation                                 (46,411)
     Other Operational                                 (179,889)
     Capital Expenditures                                     -
     Catholic Schools, Inc.                                   -
     Casa San Francisco                                       -
     Ministry to the Elderly                                  -
     Bankruptcy professionals                          (819,749)
     Neumann Center                                      (5,150)
     Vision for the Future
        (Tuition Assistance)                                  -
     Owed to Parishes (Cap Campaign)                     (1,100)
                                                    -----------
  Total CDOW Expenses                                (1,264,808)
                                                    -----------
CDOW NET OPERATING CASH                                 599,005

  Program Services
     Annual Appeal Revenue                               46,841
     Program Services Expenditures
        Catholic Youth Organization                      (8,983)
        Catholic Charities                              (85,858)
        High School Appeal Allocation                  (344,940)
        The Dialog                                      (50,297)
                                                    -----------
     Total Program Services Expenses                   (490,078)
                                                    -----------
  PROGRAM SERVICES NET CASH                            (443,237)

Benefits & Insurance Program Administration
  Medical Program
     Premiums Received                                  962,861
     Expenses                                          (874,283)
                                                    -----------
     Net Medical                                         88,578

  Workers Compensation
     Premiums Received                                        -
     Expenses                                           (21,977)
                                                    -----------
     Net Workers Comp                                   (21,977)

  Property & Liability Insurance
     Premiums Received                                        -
     Expenses                                                 -
                                                    -----------
     Net P&L Insurance                                        -

  Pensions
     Priests                                                  -
     Lay Employees                                            -
                                                    -----------
     Total Pensions                                           -
                                                    -----------
NET CHANGE IN LIQUIDITY                                $222,369
                                                    ===========

             Catholic Diocese of Wilmington, Inc.
          Schedule of Cash Receipts and Disbursements
             For the month ending January 31, 2011

CASH BEGINNING OF PERIOD                             $1,206,313

RECEIPTS
  ASSESSMENTS                                           328,312
  ANNUAL APPEAL                                          46,841
  INSURANCE PREMIUMS                                    962,861
  OTHER OPERATING                                       743,740
                                                    -----------
  TOTAL RECEIPTS                                      2,081,754

DISBURSEMENTS
  NET PAYROLL AND TAXES                                 212,509
  INSURANCE PAYMENTS                                    896,260
  OPERATING EXPENSES                                    232,459
  OTHER                                                 490,078
  PROFESSIONAL FEES                                           -
  U.S. TRUSTEE QUARTERLY FEES                            10,400
  COURT COSTS                                                 -
                                                    -----------
TOTAL DISBURSEMENTS                                   1,841,706
                                                    -----------
NET CASH FLOW                                           240,048

Transfers out                                                 -
Transfers in                                                  -
Other transfers/returns/fees                                  -
                                                    -----------
CASH - END OF PERIOD                                 $1,446,361
                                                    ===========

                  About the Diocese of Wilmington

The Diocese of Wilmington covers Delaware and the Eastern Shore
of Maryland and serves about 230,000 Catholics.  The Delaware
diocese is the seventh Roman Catholic diocese to file for Chapter
11 protection to deal with lawsuits for sexual abuse.  Previous
filings were by the dioceses in Spokane, Washington; Portland,
Oregon; Tucson, Arizona; Davenport, Iowa, Fairbanks, Alaska; and
San Diego, California.

The Diocese filed for Chapter 11 on Oct. 18, 2009 (Bankr. D.
Del. Case No. 09-13560).  Attorneys at Young Conaway Stargatt
& Taylor, LLP, serve as counsel to the Diocese.  The Ramaekers
Group, LLC, is the financial advisor.  The petition says assets
range $50 million to $100 million while debts are between
$100 million to $500 million.

The bankruptcy filing automatically stayed eight consecutive abuse
trials scheduled in Delaware scheduled to begin October 19, 2009.
There were 131 cases filed against the Diocese, with 30 scheduled
for trial, as of the bankruptcy filing.

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


CHAMPION ENTERPRISES: Posts $8,000 Net Loss in February
-------------------------------------------------------
CEI Liquidation Estates, et al., reported a net loss of $8,000 on
$0 revenue for February 2011.

At Feb. 28, 2011, the Debtors' balance sheet showed $9.3 million
in total assets, $234.0 million in total liabilities, and a
stockholders' deficit of $224.7 million.

A copy of the February 2011 monthly operating report is available
for free at:

   http://bankrupt.com/misc/championenterprises.feb2011mor.pdf

                     About Champion Enterprises

Troy, Michigan-based Champion Enterprises, Inc., and its
subsidiaries were international manufacturers of factory-built
homes and steel-framed modular buildings, with operations in the
United States, Canada and the United Kingdom.  Buildings
constructed by Champion and its subsidiaries consisted of both
single and multi-module units designed for either commercial or
residential purposes.  Champion products ranged from single-module
HUD-Code homes to sophisticated commercial structures such as
hotels.

The Company filed for Chapter 11 protection on Nov. 15, 2009
(Bankr. D. Del. Case No. 09-14019).  The Company's affiliates also
filed separate bankruptcy petitions.  James E. O'Neill, Esq.,
Laura Davis Jones, Esq., Mark M. Billion, Esq., Timothy P. Cairns,
Esq., at Pachulski Stang Ziehl & Jones LLP, assist Champion in its
restructuring effort.  The Company disclosed $576,527,000 in asset
and $521,337,000 in liabilities as of October 3, 2009.

In March 2010, Champion Enterprises received final court approval
to sell its domestic and international operations.  An investor
group consisting of affiliates of Centerbridge Partners, L.P., MAK
Capital Fund LP and Sankaty Advisors, LLC invested $50 million in
new capital to support the operations and growth initiatives of
the new company.  The transaction was supported by a group of
Champion's existing lenders who, together with the lead investors,
agreed to exchange 100% of existing debt under Champion's pre-
petition and DIP senior secured credit agreements for equity in
the new company and a $40 million senior secured five year note.

Champion's bankruptcy case has been renamed CEI Liquidation
Estates following the closing of the sale.


CREDIT-BASED ASSET: Posts $529,954 Net Loss in February
-------------------------------------------------------
Credit-Based Asset Servicing and Securitization LLC reported a net
loss of $529,954 on $0 revenue for February 2011.

At Feb. 28, 2011, the Debtor's balance sheet showed $20.2 million
in total assets, $1.861 billion in total liabilities, and a
stockholders' deficit of $1.841 billion.

A copy of the February 2011 monthly operating report is available
for free at:

    http://bankrupt.com/misc/credit-basedasset.feb2011mor.pdf

                About Credit-Based Asset Servicing

Credit-Based Asset Servicing and Securitization LLC is a
subprime mortgage investor based in New York City.  C-Bass is
a joint venture, owned in part by units of mortgage insurers
MGIC Investment Corp. and Radian Group Inc.

C-Bass and seven affiliates sought Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 10-16040) on Nov. 12, 2010.  C-Bass
disclosed $23.7 million in assets and $2.16 billion in
liabilities in its Schedules of Assets and Liabilities.
The Debtors' liabilities include $195.8 million of secured
debt.

Peter S. Partee, Esq., Richard P. Norton, Esq., Robert A. Rich,
Esq., and Scott Howard Bernstein, Esq., at Hunton & Williams LLP,
represent the Debtors.  Donlin, Recano & Company is the claims
and noticing agent.

An Official Committee of Unsecured Creditors has been appointed in
C-BASS' chapter 11 cases and that committee is represented by Mark
T. Power, Esq., and Jeffrey Zawadzki, Esq., at Hahn & Hessen LLP
in New York.

The affiliates that filed separate Chapter 11 petitions are
C-BASS CBO Holding LLC, C-BASS Credit Corp., C-BASS Investment
Management LLC, NIM I LLC, Pledged Property II LLC, Starfish
Management Group LLC, and Sunfish Management Group LLC.


IMPERIAL CAPITAL: Posts $192,691 Net Loss in February
-----------------------------------------------------
On March 18, 2011, Imperial Capital Bancorp, Inc., filed its
unaudited monthly operating report for the month of February 2011
with the Office of the United States Trustee as required by the
OUST Guidelines.

The Company reported a net loss of $192,691 on $0 revenue for
February 2011.

At Feb. 28, 2011, the Company had $40.8 million in total
assets, $99.4 million in total liabilities, and a stockholders'
deficit of $58.6 million.

A full-text copy of the Company's February 2011 monthly operating
report is available at no charge at http://is.gd/PL9u79

La Jolla, California-based Imperial Capital Bancorp, Inc., filed
for Chapter 11 bankruptcy protection (Bankr. S.D. Calif. Case No.
09-19431) on Dec. 18, 2009.  Gregory K. Jones, Esq., at Stutman,
Treister & Glatt, P.C., serves as the Company's bankruptcy
counsel.  The Company estimated its assets at $10 million to
$50 million and debts at $100 million in its Chapter 11 petition.




INNKEEPERS USA: Posts $5.8 Million Net Loss in February
-------------------------------------------------------
Bill Rochelle, Bloomberg News' bankruptcy columnist, reports
that Innkeepers USA Trust filed an operating report showing a
$5.8 million net loss in February on revenue of $20.7 million.
Reorganization costs in the month were $5 million.  February
had a $305,500 operating loss.

                    About Innkeepers USA Trust

Innkeepers USA Trust is a self-administered Maryland real estate
investment trust with a primary business focus on acquiring
premium-branded upscale extended-stay, mid-priced limited service,
and select-service hotels.

Innkeepers, through its indirect subsidiaries, owns and operates
an expansive portfolio of 72 upscale and mid-priced extended-stay
and select-service hotels, consisting of approximately 10,000
rooms, located in 20 states across the United States.

Apollo Investment Corporation acquired Innkeepers in June 2007.

Innkeepers USA Trust and 91 affiliates filed for Chapter 11
protection on July 19, 2010 (Bankr. S.D.N.Y. Case No. 10-13800).
Paul M. Basta, Esq., at Kirkland & Ellis LLP, in New York; Anup
Sathy, P.C., Esq., Marc J. Carmel, Esq., at Kirkland & Ellis in
Chicago; and Daniel T. Donovan, Esq., at Kirkland & Ellis in
Washington, D.C., serve as counsel to the Debtors.  AlixPartners
is the restructuring advisor and Marc A. Beilinson is the chief
restructuring officer.  Moelis & Company is the financial advisor.
Omni Management Group, LLC, is the claims and notice agent.
Attorneys at Morrison & Foerster, LLP, represent the Official
Committee of Unsecured Creditors.

The Company's consolidated assets for 2009 totaled approximately
$1.5 billion.  As of July 19, 2010, the Company and its affiliates
have incurred approximately $1.29 billion of secured debt.


LOCAL INSIGHT: Files Monthly Operating Report for February
----------------------------------------------------------
Local Insight Media Holdings, Inc., et al., filed with the U.S.
Bankruptcy Court for the District of Delaware their monthly
operating report for February 2011.

Consolidating Local Insight Regatta Holdings, Inc., reported a net
loss of $3.3 million on $37.9 million of revenue for the month.

Consolidating Local Insight Regatta Holdings, Inc.'s balance sheet
showed $473.5 million in total assets, $792.0 million in total
liabilities, and a stockholders' deficit of $318.5 million.

Non-consolidating entities Local Insight Media Holdings, Inc., LIM
Finance, Inc., and LIM Finance II, Inc., had no revenue or expense
transactions during the month.

Local Insight Media Holdings, Inc.'s balance sheet showed
$32.8 million in total assets, $3.2 million in total liabilities,
and a stockholders' deficit of $29.6 million.

LIM Finance, Inc.'s balance sheet showed $188.0 million in total
assets, $160.0 million in total liabilities, and stockholders'
equity of $28.0 million.

LIM Finance II, Inc.'s balance sheet showed $321.5 million in
total assets, $214.0 million in total liabilities, and
stockholders' equity of $107.5 million.

A copy of the monthly operating report is available for free at:

       http://bankrupt.com/misc/localinight.feb2011mor.pdf

                     About Local Insight Media

Wilmington, Delaware-based Local Insight Media Holdings, Inc., is
a publisher of print and online yellow page directories in the
United States.  Local Insight, along with affiliates, including
Local Insight Regatta Holdings, Inc., filed for Chapter 11
bankruptcy protection on (Bankr. D. Del. Lead Case No. 10-13677)
on Nov. 17, 2010.

Richard M. Cieri, Esq., Christopher J. Marcus, Esq., and Ross M.
Kwasteniet, Esq., at Kirkland & Ellis LLP, serve as the Debtors'
bankruptcy counsel.  Curtis A. Hehn, Esq., Laura Davis Jones,
Esq., and Michael Seidl, Esq., at Pachulski Stang Ziehl & Jones
LLP, are the Debtors' co-counsel.

The Debtors' investment banker and financial advisor is Lazard
Freres & Co. LLC.  The Debtors' independent auditor is Deloitte &
Touche LLP.  The Debtors' interim management and restructuring
advisors are Alvarez & Marsal North America, LLC, and Avarez &
Marsal Private Equity Performance Improvement Group, LLC.
Kurtzman Carson Consultants LLC is the Debtors' notice and claims
agent.

Local Insight Media Holdings estimated assets of less than $50,000
and liabilities of $100 million to $500 million in its Chapter 11
petition.  Local Insight Regatta reported consolidated assets of
$796,270,000 against consolidated debts of $669,612,000 as of
Sept. 30, 2010, according to its Form 10-Q filed with the
Securities and Exchange Commission.

The Official Committee of Unsecured Creditors has tapped Milbank,
Tweed, Hadley & McCloy LLP as its counsel; Morris, Nichols, Arsht
& Tunnel LLP as Delaware co-counsel; and Houlihan Lokey Howard &
Zukin Capital Inc. as its financial advisor and investment banker.


MAJESTIC STAR: Posts $1.48 Million Net Income in February
---------------------------------------------------------
BankruptcyData.com reports that The Majestic Star Casino filed
with the U.S. Bankruptcy Court a monthly operating report for
February 2011.  For the period, the Company reported a net
income of $1.48 million on $8.78 million in revenue.

                        About Majestic Star

The Majestic Star Casino, LLC -- aka Majestic Star Casino, aka
Majestic Star -- is based in Las Vegas, Nev., and is a wholly
owned subsidiary of Majestic Holdco, LLC, which is a wholly owned
subsidiary of Barden Development, Inc.  The Company was formed on
December 8, 1993, as an Indiana limited liability company to
provide gaming and related entertainment to the public.  The
Company commenced gaming operations in the City of Gary at
Buffington Harbor, located in Lake County, Inc., on June 7, 1996.
The Company is a multi-jurisdictional gaming company with
operations in three states -- Indiana, Mississippi and Colorado.

The Company sought Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 09-14136) on Nov. 23, 2009.  The Company's
affiliates -- The Majestic Star Casino II, Inc., The Majestic Star
Casino Capital Corp., Majestic Star Casino Capital Corp. II,
Barden Mississippi Gaming, LLC, Barden Colorado Gaming, LLC,
Majestic Holdco, LLC, and Majestic Star Holdco, Inc. -- filed
separate Chapter 11 petitions.

The Majestic Star Casino's balance sheet at June 30, 2009,
showed total assets of $406.42 million and total liabilities of
$749.55 million.

Kirkland & Ellis LLP is the Debtors' bankruptcy counsel.  James E.
O'Neill, Esq., Laura Davis Jones, Esq., and Timothy P. Cairns,
Esq., at Pachulski Stang Ziehl & Jones LLP, are the Debtors'
Delaware counsel.  Xroads Solutions Group, LLC, is the Debtors'
financial advisor, while EPIQ Bankruptcy Solutions LLC serves as
the Debtors' claims and notice agent.

Michael S. Stamer, Esq., and Alexis Freeman, Esq., at Akin Gump
Strauss Hauer & Feld LLP, in New York, and Bonnie Glantz Fatell,
Esq., and David W. Carickhoff, Esq., at Blank Rome LLP, in
Wilmington, Delaware, represent the Official Committee of
Unsecured Creditors.


NEW STREAM: Files Initial Monthly Operating Report
--------------------------------------------------
New Stream Secured Capital, LLP, and New Stream Capital, LLC,
submitted an 8-week combined budget covering the period March 14,
2011 through May 8, 2011, while New Stream Insurance, LLC,
submitted a 13-week budget covering the period March 14, 2011,
through June 12, 2011.

A copy of the initial monthly operating report is available for
free at http://bankrupt.com/misc/newstream.initialmor.pdf

                        About New Stream

New Stream is an inter-related group of companies that
collectively comprise an investment fund, headquartered in
Ridgefield, Connecticut.  Founded in 2002, New Stream focuses on
providing non-traded private debt to the insurance, real estate
and commercial finance sectors.

On March 7, 2011, when New Stream was still soliciting votes on
the Chapter 11 plan, certain investors filed a petition (Bankr. D.
Del. Lead Case No. 11-10690) seeking to force three new stream
funds -- New Stream Secured Capital Fund (U.S.) LLC, New Stream
Secured Capital Fund P1 (Cayman), Ltd. and New Stream Secured
Capital Fund K1 (Cayman), Ltd. -- to Chapter 11 bankruptcy.

The petitioning investors in the New Stream investment enterprise
say they are collectively owed over $90 million, representing
roughly 28% of the approximately $320 million owed to all U.S. and
Cayman investors.  The Petitioners are represented by (i) Joseph
H. Huston, Jr., Esq., Maria Aprile Sawczuk, Esq., Meghan A.
Cashman, Esq., at Stevens & Lee, P.C., in Wilmington, Delaware,
and Beth Stern Fleming, Esq., at Stevens & Lee, P.C., in
Philadelphia, Pennsylvania, and Nicholas F. Kajon, Esq., David M.
Green, Esq., and Constantine Pourakis, Esq., at Stevens & Lee,
P.C., in New York, (ii) Edward Toptani, Esq., at Toptani Law
Offices, in New York, and (iii) John M Bradham, Esq., and David
Hartheimer, Esq., at Mazzeo Song & Bradham LLP, in New York.

New Stream Secured Capital, Inc., and three affiliates (New Stream
Insurance, LLC, New Stream Capital, LLC, and New Stream Secured
Capital, L.P.) filed Chapter 11 petitions (Bankr. D. Del. Lead
Case No. 11-10753) on March 13, 2011, with a proposed prepackaged
Chapter 11 plan.

Kurt F. Gwynne, Esq., J. Cory Falgowski, Esq., Michael J.
Venditto, Esq., and Scott M Esterbrook, Esq., at Reed Smith LLP,
serve as the Debtors' bankruptcy counsel.  Kurtzman Carson
Consultants LLC is the Debtors' claims and notice agent.

NSSC, Inc., estimated its assets and debts at up to $50,000.  NSC
estimated its assets at $100,000 to $500,000 and debts at $50,000
to $100,000.  NSI estimated its assets at $100 million to
$500 million and debts at $50 million to $100 million.  NSSC, LP,
estimated its assets and debts at $500 million to $1 billion.

NSI's insurance portfolio is being sold for $184.35 million as
part of the Chapter 11 plan.  The aggregate indebtedness secured
by the investment portfolio of NSSC is $688,412,974.  NSI owes
$81,573,376 to certain account classes under a Bermuda fund.


NORTEL NETWORKS: Posts $2 Million Net Loss in January 2011
----------------------------------------------------------
BankruptcyData.com reports that Nortel Networks filed with the
U.S. Bankruptcy Court monthly operating reports for January and
February 2011.  For January, the Company reported a net loss of
$2 million on $6 million in revenue.  For February, the Company
reported $5 million in revenue, but gave no figure for net
income/loss.

                        About Nortel Networks

Nortel Networks (OTC BB: NRTLQ) -- http://www.nortel.com/-- was
once North America's largest communications equipment provider.
It has sold most of the businesses while in bankruptcy.

Nortel Networks Corp., Nortel Networks Inc., and other affiliated
corporations in Canada sought insolvency protection under the
Companies' Creditors Arrangement Act in the Ontario Superior Court
of Justice (Commercial List).  Ernst & Young was appointed to
serve as monitor and foreign representative of the Canadian Nortel
Group.

The Monitor sought recognition of the CCAA Proceedings in the
U.S. by filing a bankruptcy petition under Chapter 15 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10164).  Mary Caloway,
Esq., and Peter James Duhig, Esq., at Buchanan Ingersoll & Rooney
PC, in Wilmington, Delaware, serves as the Chapter 15 petitioner's
counsel.

Nortel Networks Inc. and 14 affiliates filed separate Chapter 11
petitions (Bankr. D. Del. Case No. 09-10138) on Jan. 14, 2009.
Judge Kevin Gross presides over the case.  James L. Bromley, Esq.,
at Cleary Gottlieb Steen & Hamilton, LLP, in New York, serves as
general bankruptcy counsel; Derek C. Abbott, Esq., at Morris
Nichols Arsht & Tunnell LLP, in Wilmington, serves as Delaware
counsel.  The Chapter 11 Debtors' other professionals are Lazard
Freres & Co. LLC as financial advisors; and Epiq Bankruptcy
Solutions LLC as claims and notice agent.  Fred S. Hodara, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, in New York, and
Christopher M. Samis, Esq., at Richards, Layton & Finger, P.A.,
in Wilmington, Delaware, represent the Official Committee of
Unsecured Creditors.

Certain of Nortel's European subsidiaries also made consequential
filings for creditor protection.  On May 28, 2009, at the request
of the Administrators, the Commercial Court of Versailles, France
ordered the commencement of secondary proceedings in respect of
Nortel Networks S.A.  On June 8, 2009, Nortel Networks UK Limited
filed petitions in this Court for recognition of the English
Proceedings as foreign main proceedings under chapter 15 of the
Bankruptcy Code.

Nortel Networks divested off key assets while in Chapter 11.
In March 2009, the U.S. Bankruptcy Court entered an order
approving the sale of the Layer 4-7 assets to Radware Ltd. as the
successful bidder at auction.  In July 2009, Nortel sold its CDMA
and LTE-related assets to Telefonaktiebolaget LM Ericsson (Publ).
In September 2009, the Court Nortel sold its Enterprise Solutions
business to Avaya Inc.  In October 2009, the Court approved the
sale of assets associated with Nortel's Next Generation Packet
Core network components to Hitachi, Ltd.  On Dec. 2, 2009, the
Court approved the sale of assets associated with Nortel's
GSM/GSM-R business to Telefonaktiebolaget LM Ericsson (Publ) and
Kapsch Carriercom AG.  In December 2009, the Debtors sold their
Metro Ethernet Networks business to Ciena Corporation.  In March
2010, Nortel sold its Carrier Voice Over IP and Application
Solutions business to GENBAND Inc.  In September 2010, Nortel sold
its Multi-Service Switch business to Ericsson.

Nortel Networks has filed a proposed plan of liquidation in the
U.S. Bankruptcy Court.  The Plan generally provides for full
payment on secured claims with other distributions going in
accordance with the priorities in bankruptcy law.


NORTH GENERAL: Posts $2.6 Million Net Loss in February
------------------------------------------------------
North General Hospital reported a net loss of $2.6 million on
$100,543 of revenue for February 2011.

At Feb. 28, 2011, the Debtor had $44.5 million in total
assets, $315.3 million in total liabilities, and a stockholders'
deficit of $270.8 million.

According to the Debtor's schedule of receipts and disbursements,
it paid a total of $193,275 in court costs/claims for the month of
February.

A copy of the monthly operating report for February 2011 is
available for free at:

       http://bankrupt.com/misc/northgeneral.feb2011mor.pdf

                     About North General

New York-based North General Hospital is a not-for-profit 200-bed
community hospital in upper Manhattan that has serviced the
communities of East and Central Harlem since the 1970s.  The
Hospital filed for Chapter 11 bankruptcy protection on July 2,
2010 (Bankr. S.D.N.Y. Case No. 10-13553).  Charles E. Simpson,
Esq., at Windels, Marx, Lane & Mittendorf, LLP, assists the
Debtor in its restructuring effort.  Garfunkel Wild, P.C., is the
Debtor's special healthcare and regulatory counsel.  Healthcare
Management Solutions, LLC, is the Debtor's financial and
healthcare reimbursement manager.  Alston & Bird, LLP, serves as
the Official Committee of Unsecured Creditors' counsel.  NHB
Advisors, Inc., is the financial advisor to the Committee.  The
Company disclosed $67 million in assets and $293 million in
liabilities as of the Petition Date.


PFF BANCORP: Posts $13,418 Net Loss in February
-----------------------------------------------
PFF Bancorp, Inc., and Glencrest Investment Advisors, Inc.,
Glencrest Insurance Services, Inc., Diversified Builder Services,
Inc., and PFF Real Estate Services, Inc., filed on March 22, 2011,
their monthly operating reports for February 2011 with the United
States Bankruptcy Court for the District of Delaware.

PFF Bancorp reported a net loss of $13,418 on $16,314 of interest
income for the period.

At Feb. 28, 2011, PFF Bancorp had total assets of $57.7 million,
total liabilities of $162.2 million, and a stockholders' deficit
of $104.5 million.  Total Bank Accounts were $46.6 million at
Feb. 28, 2011, compared to $1.86 million at Jan. 31, 2011

A full-text copy of the Debtors' February 2011 monthly operating
report is available for free at http://is.gd/vfhwfJ

                         About PFF Bancorp

PFF Bancorp Inc. -- http://www.pffbank.com/-- was a non-
diversified unitary savings and loan holding company within the
meaning of the Home Owners' Loan Act with headquarters formerly
located in Rancho Cucamonga, California.  Bancorp is the direct
parent of each of the remaining Debtors.

Prior to filing for bankruptcy, Bancorp was also the direct parent
of PFF Bank & Trust, a federally chartered savings institution,
and said bank's subsidiaries.  PFF Bank & Trust was taken over by
regulators in November 2008, with the deposits transferred by the
Federal Deposit Insurance Corp. to U.S. Bank NA.

PFF Bancorp Inc. and its affiliates sought Chapter 11 protection
on December 5, 2008 (Bankr. D. Del. Case No. 08-13127 to
08-13131).  Chun I. Jang, Esq., and Paul N. Heath, Esq., at
Richards, Layton & Finger, P.A., serve as the Debtors' bankruptcy
counsel.  Kurtzman Carson Consultants LLC serves as the Debtors'
claims agent.  Jason W. Salib, Esq., at Blank Rome LLP, represents
the official committee of unsecured creditors as counsel.

According to the latest monthly operating report, PFF
Bancorp had total assets of $13.5 million, total liabilities
of $117.4 million, and a stockholders' deficit of $103.9 million
as of Nov. 30, 2010.


PRECISION PARTS: Posts $2,352 Net Loss in January
-------------------------------------------------
Precision Parts International Services Corp., et al., reported a
net loss of $2,352 on $0 revenue in January 2011.

At Jan. 31, 2011, the Debtors had total assets of $1.2 million,
total liabilities of $188.7 million, and a stockholders' deficit
of $187.5 million.

A copy of the monthly operating report is available for free at:

         http://bankrupt.com/misc/ppi.january2011mor.pdf

Headquartered in Rochester Hills, Michigan, Precision Parts
International Services Corp. -- http://www.precisionparts.com/--
sold products to major north American automotive and non-
automotive original equipment manufacturers and Tier 1 and 2
suppliers.  PPI and its units operated six manufacturing
facilities throughout North America, including a facility in
Mexico operated on their behalf by Intermex Manufactura de
Chihuahua under a shelter and logistics agreement.

The Company and eight of its affiliates filed for Chapter 11
protection on Dec. 12, 2008 (Bankr. D. Del. Lead Case No.
08-13289).  Attorneys at Pepper Hamilton LLP serve as the Debtors'
bankruptcy counsel.  Alvarez & Marsal North America LLC is the
Debtor's financial advisors and Kurtzman Carson Consultants LLC is
the claims, noticing and balloting agent.  PPI Holdings, Inc.,
estimated assets and debts between $100 million and $500 million
in its Chapter 11 petition.


SEAHAWK DRILLING: Ends February 2011 With $3.3 Million Cash
-----------------------------------------------------------
Seahawk Drilling, Inc., reported a net loss of $5.6 million on
$4.2 million of revenues for the reporting period Feb. 12, 2011,
to Feb. 28, 2011.

At Feb. 28, 2011, the Debtor had $145.2 million in total assets,
$441.1 million in total liabilities, and a stockholders' deficit
of $295.9 million.

The Debtor ended the period with $3.3 million cash, compared with
$4.1 million cash at the beginning of the period.

A copy of the monthly operating report is available for free at:

     http://bankrupt.com/misc/seahawkdrilling.feb12-28mor.pdf

                      About Seahawk Drilling

Houston, Texas-based Seahawk Drilling, Inc., engages in a jackup
rig business in the United States, Gulf of Mexico, and offshore
Mexico.  It offers rigs and drilling crews on a day rate
contractual basis.

The Company and several affiliates filed for Chapter 11 bankruptcy
protection (Bankr. S.D. Tex. Lead Case No. 11-20089) on Feb. 11,
2011.  Berry D. Spears, Esq., and Johnathan Christiaan Bolton,
Esq., at Fullbright & Jaworkski L.L.P., serve as the Debtors'
bankruptcy counsel.  Jordan, Hyden, Womble, Culbreth & Holzer,
P.C., serves as the Debtors' co-counsel.  Alvarez and Marsal North
America, LLC, is the Debtors' restructuring advisor.  Simmons And
Company International is the Debtors' transaction advisor.
Kurtzman Carson Consultants LLC is the Debtors' claims agent.
Judy A. Robbins, U.S. Trustee for Region 7, appointed three
creditors to serve on an Official Committee of Unsecured Creditors
of Seahawk Drilling Inc. and its debtor-affiliates.  Heller,
Draper, Hayden, Patrick & Horn, L.L.C., represents the creditors
committee.

The Debtors disclosed $504,897,000 in total assets and
$124,474,000 in total debts as of the Petition Date.


SEXY HAIR: Reports $668,272 Net Income in February
--------------------------------------------------
Sexy Hair Concepts, LLC, reported net income of $668,272 on
$6.3 million of revenues for February 2011.

At Feb. 28, 2011, the Debtor had $27.6 million in total assets,
$96.6 million in total liabilities, and stockholders' deficit of
$69.0 million.

A copy of the February 2011 monthly operating report is available
for free at http://bankrupt.com/misc/sexyhair.feb2011mor.pdf

                      About Sexy Hair

Chatsworth, California-based Sexy Hair Concepts, LLC, is an
operating company engaged in the development, distribution and
marketing of premium quality hair care products and brands.  It
outsources the production and manufacture of its various lines of
premier hair care products and operates from a single facility in
Chatsworth, California, that houses its corporate offices and
distribution warehouse.  It works with several distributors
domestically and internationally, but does not maintain any other
offices.

Sexy Hair filed for Chapter 11 bankruptcy protection on Dec. 21,
2010 (Bankr. C.D. Calif. Case No. 10-25922).  According to its
schedules, Sexy Hair disclosed $78,000,000 in total assets and
$91,141,147 in total debts as of the Petition Date.

Sexy Hair's bankruptcy case is jointly administered with those of
Ecoly International, Inc., a California corporation, and Luxe
Beauty Midco Corporation.  Ecoly is the lead case (Bankr. C.D.
Calif. Case No. 10-25919).

Scott F. Gautier, Esq., at Peitzman, Weg & Kempinsky LLP, serves
as Sexy Hair's bankruptcy counsel.  CRG Partners Group, LLC is the
financial advisor.  Imperial capital, LLC is the investment
banker.  Kurtzman Carson Consultants LLC has been designated as
the entity that will tabulate the ballots and prepare the ballot
summary in connection with Sexy Hair's proposed Chapter 11 plan.
Klee, Tuchin, Bogdanoff & Stern LLP serves as counsel for the
Official Committee of Unsecured Creditors.


SEXY HAIR: Ecoly Int'l Reports Net Income of $668,272 in February
-----------------------------------------------------------------
Ecoly International, Inc., reported net income of $668,272 on $0
revenue for February 2011.  This figure represents Other Income
from Subsidiary - Sexy Hair Concepts, LLC, of $668,272.

A copy of the February 2011 month operating report is available
for free at http://bankrupt.com/misc/ecoly.feb2011mor.pdf

                      About Sexy Hair

Chatsworth, California-based Sexy Hair Concepts, LLC, is an
operating company engaged in the development, distribution and
marketing of premium quality hair care products and brands.  It
outsources the production and manufacture of its various lines of
premier hair care products and operates from a single facility in
Chatsworth, California, that houses its corporate offices and
distribution warehouse.  It works with several distributors
domestically and internationally, but does not maintain any other
offices.

Sexy Hair filed for Chapter 11 bankruptcy protection on Dec. 21,
2010 (Bankr. C.D. Calif. Case No. 10-25922).  According to its
schedules, Sexy Hair disclosed $78,000,000 in total assets and
$91,141,147 in total debts as of the Petition Date.

Sexy Hair's bankruptcy case is jointly administered with those of
Ecoly International, Inc., a California corporation, and Luxe
Beauty Midco Corporation.  Ecoly is the lead case (Bankr. C.D.
Calif. Case No. 10-25919).

Scott F. Gautier, Esq., at Peitzman, Weg & Kempinsky LLP, serves
as Sexy Hair's bankruptcy counsel.  CRG Partners Group, LLC is the
financial advisor.  Imperial capital, LLC is the investment
banker.  Kurtzman Carson Consultants LLC has been designated as
the entity that will tabulate the ballots and prepare the ballot
summary in connection with Sexy Hair's proposed Chapter 11 plan.
Klee, Tuchin, Bogdanoff & Stern LLP serves as counsel for the
Official Committee of Unsecured Creditors.


TRICO MARINE: Reports $290,703 Net Income in February
-----------------------------------------------------
Trico Marine Services, Inc., and subsidiaries Trico Marine Assets,
Inc., Trico Holdco, LLC, Trico Marine Operators, Inc., Trico
Marine Cayman, LP, and Trico Marine International, Inc., have
their unaudited combined monthly operating report for February
2011 with the U.S. Bankruptcy Court for the District of Delaware.

Trico Marine Services reported net income of $290,703 on $0
revenue for the period.

At Feb. 28, 2011, Trico Marine Services' balance sheet showed
$395.9 million in total assets, $154.4 million in total
liabilities, and stockholders' equity of $241.5 million.

Trico Marine Operators reported a net loss of $1.4 million on
$951.5 million of revenues for the month.

At Feb. 28, 2011, Trico Marine Operators' balance sheet showed
($59.6 million) in assets, $26.0 million in total liabilities, and
a stockholders' deficit of $85.6 million.

A copy of the monthly operating report is available for
free at http://bankrupt.com/misc/tricomarine.feb2011mor.pdf

                        About Trico Marine

Headquartered in Texas, Trico Marine Services, Inc. --
http://www.tricomarine.com/-- provides subsea services, subsea
trenching and protection services, and towing and supply vessels.
Trico filed for Chapter 11 protection (Bankr. D. Del. Case No. 10-
12653) on Aug. 25, 2010.  John E. Mitchell, Esq., Angela B.
Degeyter, Esq., and Harry A. Perrin, Esq., at Vinson & Elkins LLP,
serve as the Debtor's bankruptcy counsel.  The Debtor disclosed
US$30,562,681 in assets and US$353,606,467 in liabilities as of
the Petition Date.

Affiliates Trico Marine Assets, Inc. (Bankr. D. Del. Case No.
10-12648), Trico Marine Operators, Inc. (Case No. 10-12649), Trico
Marine International, Inc. (Case No. 10-12650), Trico Marine
Cayman, L.P. (Case No. 10-12651), and Trico Holdco, LLC (Case No.
10-12652) filed separate Chapter 11 petitions.

Cahill Gordon & Reindell LLP is the Debtors' special counsel.
Alix Partners Services, LLC, is the Debtors' chief restructuring
officer.  Epiq Bankruptcy Solutions is the Debtors' claims and
notice agent.  Postlethwaite & Netterville serves as the Debtors'
accountant and Ernst & Young LLP serves as tax advisors.
Pricewaterhousecoopers LLC provides the independent accountants
and tax advisors for the Debtors.

Aside from the Cayman Islands holding company, Trico's foreign
subsidiaries were not included in the filing and will not be
subject to the requirements of the U.S. Bankruptcy Code.

The Official Committee of Unsecured Creditors tapped Laura Davis
Jones, Esq., and Timothy P. Cairns, Esq., at Pachulski, Stang,
Ziehl & Jones LLP, in Wilmington, Delaware, and Andrew K. Glenn,
Esq., David J. Mark, Esq., and Daniel A. Fliman, Esq., at
Kasowitz, Benson, Torres & Friedman LLP, in New York, as counsel.




WASHINGTON MUTUAL: Ends February 2011 With $4.544 Billion Cash
--------------------------------------------------------------
On March 30, 2011, Washington Mutual, Inc., and WMI Investment
Corp. filed their monthly operating report for February 2011 with
the United States Bankruptcy Court for the District of Delaware.

Washington Mutual reported a net loss of $10.6 million on
$2.4 million of revenues for February 2011.  Reorganization items
totaled $7.1 million for the month.  Professional fees included in
reorganization items totaled $6.1 million.

At Feb. 28, 2011, Washington Mutual had $6.795 billion in
total assets, $8.394 billion in total liabilities, and a
shareholders' deficit of $1.599 billion.  Washington Mutual ended
February 2011 with $4.544 billion in unrestricted cash and cash
equivalents compared to $4.551 billion in unrestricted cash and
cash equivalents at Jan. 31, 2011.  Washington Mutual paid a total
of $3.4 million in professional fees and reimbursed a total of
$275,487 in professional expenses in February.

WMI Investment reported a net loss of $20,505 on negative revenues
of $5,894 for the month of February.

At Feb. 28, 2011, WMI Investment had $921.34 million in total
assets, $14,825 in post-petition liabilities, and $921.32 million
in stockholders' equity.  WMI Investment ended February with
$276.24 million in cash and cash equivalents, compared to cash and
cash equivalents of $276.21 million at Jan. 31, 2011.

A complete text of Washington Mutual and WMI Investment's monthly
operating report for February 2011 is available at:

                       http://is.gd/mT4dJ4

                      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.

Washington Mutual Bank was taken over on Sept. 25, 2008, by U.S.
government regulators.  The next day, WaMu and its 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.  When WaMu filed for
protection from its creditors, it disclosed assets of
$32,896,605,516 and debts of $8,167,022,695.  WMI Investment
estimated assets of $500 million to $1 billion with zero debts.

WaMu is represented by Brian Rosen, Esq., at Weil, Gotshal &
Manges LLP in New York City; Mark D. Collins, Esq., at Richards,
Layton & Finger P.A. in Wilmington, Del.; and Peter Calamari,
Esq., and David Elsberg, Esq., at Quinn Emanuel Urquhart Oliver &
Hedges, LLP.  Fred S. Hodera, Esq., at Akin Gump Strauss Hauer &
Fled LLP in New York City and David B. Stratton, Esq., at Pepper
Hamilton LLP in Wilmington, Del., represent the Official Committee
of Unseucred Creditors.  Stephen D. Susman, Esq., at Susman
Godfrey LLP and William P. Bowden, Esq., at Ashby & Geddes, P.A.,
represent the Equity Committee.  Stacey R. Friedman, Esq., at
Sullivan & Cromwell LLP and Adam G. Landis, Esq., at Landis Rath &
Cobb LLP in Wilmington, Del., represent JPMorgan Chase, which
acquired WaMu's assets prior to the Petition Date.

On Jan. 7, 2011, the Bankruptcy Court entered a 107-page opinion
determining that the global settlement agreement, among certain
parties including WMI, the Federal Deposit Insurance Corporation
and JPMorgan Chase Bank, N.A., upon which the Plan is premised,
and the transactions contemplated therein, are fair, reasonable,
and in the best interests of WMI.  Additionally, the Opinion and
related order denied confirmation, but suggested certain
modifications to the Company's Sixth Amended Joint Plan of
Affiliated Debtors that, if made, would facilitate confirmation.

Washington Mutual has filed with the U.S. Bankruptcy Court for the
District of Delaware a Modified Sixth Amended Joint Plan and a
related Supplemental Disclosure Statement.  The Company believes
that the Modified Plan has addressed the Bankruptcy Court's
concerns and looks forward to returning to the Bankruptcy Court to
seek confirmation of the Modified Plan.   The hearing for approval
of the Disclosure Statement is set for March 21.

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

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

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

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

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

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

The Sunday TCR delivers securitization rating news from the week
then-ending.

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

                           *********

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

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors" Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Howard C. Tolentino, Joseph Medel C. Martirez, Denise
Marie Varquez, Philline Reluya, Ronald C. Sy, Joel Anthony G.
Lopez, Cecil R. Villacampa, Sheryl Joy P. Olano, Carlo Fernandez,
Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2011.  All rights reserved.  ISSN: 1520-9474.

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

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


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