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U.S.A. INVESTMENT: Involuntary Chapter 11 Case Summary

Troubled Company Reporter, Apr. 9, 2007

Alleged Debtor: U.S.A. Investment Partners, L.L.C.
                4525 South Sandhill Road, Suite 114
                Las Vegas, NV 89121

Case Number: 07-11821

Type of Business: The Debtor invests and develops real estate.

Involuntary Petition Date: April 4, 2007

Chapter: 11

Court: District of Nevada (Las Vegas)

Judge: Linda B. Riegle

Petitioners' Counsel: Anne M. Loraditch, Esq.
                      Beckley Singleton, Chartered
                      530 Las Vegas Boulevard South
                      Las Vegas, NV 89101
                      Tel: (702) 385-3373
                      Fax: (702) 385-5024
                         
                            -- and --

                      Rob Charles, Esq.
                      Lewis & Roca, L.L.P.
                      3993 Howard Hughes Parkway, Suite 600
                      Las Vegas, NV 89169
                      Tel: (702) 949-8320
                      Fax: (702) 949-8321

                            -- and --

                      George C. Lazar
                      525 B, Suite 1500
                      San Diego, CA 92101
                      Tel: (877) 272 3734
                      Fax: (877) 227-0150
         
   Petitioners                   Nature of Claim    Claim Amount
   -----------                   ---------------    ------------
U.S.A. Diversified Trust         promissory note     $55,113,781
Deed Fund, L.L.C.                in default with
c/o F.T.I. Consulting, Inc.      original balance
2 North Central Avenue,          of $55,113,781
Suite 1200                       plus accrued
Phoenix, AZ 85004                interest at the
c/o Michael Tucker               rate of 25% per
Manager                          annum through
c/o F.T.I. Consulting, Inc.      petition date
2 North Central Avenue,          
Suite 1200
Phoenix, AZ 85004

U.S.A.C.M. Liquidating Trust     promissory note     $58,374,919
c/o Rob Charles                  for benefit of
Lewis & Roca, L.L.P.             creditor and
3993 Howard Hughes Parkway,      U.S.A. Capital
Suite 600                        Diversified Trust
Las Vegas, NV 89169-5996         Deed Fund, L.L.C.
Tel: (702) 949-8320              with original
c/o Geoffrey L. Berman           principal balance
Trustee                          of $58,374,919
c/o  D.S.I.-Wells Fargo          plus accrued
Center                           interest at the
333 South Grand Avenue,          rate of 7.75% per
Suite 4070                       annum from the
Los Angeles, CA 90071-1544       note date of
                                 May 31,2006,
                                 through the
                                 petition date

Alabruj Investments, L.L.C.      matured claim on       $500,000
630 Trade Center, 2nd Floor      written guaranty
Las Vegas, NV 89119              of defaulted loan
Tel: (619) 237 0011
c/o Thomas Jurbala
Manager
630 Trade Center, 2nd Floor
Las Vegas, NV 89119
Tel: (619) 237 0011

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