Thaxton (THAX) 8-K Other Events

Exhibit 99.1

United States Bankruptcy Court

District of Delaware

In re THE THAXTON GROUP	Case No.	03-13182 - 03-13213
	Jointly Administered
	Reporting Period:	April-07

Monthly Operating Report

File report and attachments with Court and submit copy to United States Trustee within

20 days after end of month.

REQUIRED DOCUMENTS	Form No.	Document Attached	Explanation Attached
Schedule of Cash Receipts and Disbursements	MOR-1	X
Bank reconciliation ( or copies of Debtor’s bank reconciliations	MOR-1 (CON’T)	X
Copies of bank statements			X
Cash disbursements journals		X
Statement of Operations	MOR-2	X
Balance Sheet	MOR-3	X
Status of Postpetition Taxes	MOR-4	X
Copies of IRS Form 6123 or payment receipt			X
Copies of tax returnes filed during reporting period		X
Summary of Unpaid Postpetition Debts	MOR-4	X
Listing of aged accounts payable		X
Accounts Receivable Reconcilations and Aging	MOR-5	X
Debtor Questionnaire	MOR-5	X

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the documents attached are true and correct to the best of my knowledge and belief.

Signature of Debtor	Date
/s/ Illegible
Signature of Joint Debtor	Date
	5/25/07
Signature of Authorized Individual*	Date
Robert Dunn	President and Chief Restructuring Officer
Printed Name of Authorized Individual	Title of Authorized Individual

* Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

FORM IR

(9/99)

BANKRUPTCY CASE NUMBERS PER ENTITY

included in this filing

THE THAXTON GROUP

03-13182 - 03-13213             April 30, 2007

FED ID	Case Number
57-0669498	03-13183	The Thaxton Group
57-1083679	03-13184	Thaxton Operating Company
54-0925005	03-13185	EAGLE Premium Finance Company, Inc.
58-2358369	03-13186	TICO Premium Finance Company, Inc.
57-0926039	03-13187	Thaxton Insurance Group, Inc.
57-1067973	03-13188	Thaxton Commercial Lending, Inc.
56-2258083	03-13195	TICO Credit Corporation
58-2358372	03-13191	TICO Credit Company, Inc.
56-2058522	03-13193	TICO Credit Company of North Carolina, Inc.
57-1109035	03-13196	TICO Credit Company of Alabama, Inc.
62-1720278	03-13197	TICO Credit Company of Tennessee, Inc.
57-1111184	03-13198	TICO Credit Company of Mississippi, Inc.
57-1110723	03-13199	TICO Credit Company of Georgia, Inc.
31-4256360	03-13200	Modern Finance dba TICO Credit Company
31-0819992	03-13202	Modern Financial Services, Inc.
74-2873274	03-13182	TICO Credit Company
64-0560143	03-13201	TICO Credit Company
75-2714829	03-13203	TICO Credit Company
57-1129678	03-13194	TICO Credit Company of Virginia, Inc.
57-1076628	03-13204	Thaxton Investment Corporation
57-0997623	03-13205	Southern Management Corporation
62-1618281	03-13206	Southern Finance of Tennessee, Inc.
57-1002963	03-13211	Covington Credit of Texas, Inc.
57-1013036	03-13207	Southern Financial Management, Inc.
57-1094987	03-13208	Covington Credit, Inc.
58-1435012	03-13209	Covington Credit of Georgia, Inc.
57-0827143	03-13212	Southern Finance of South Carolina, Inc.
57-0857420	03-13213	Quick Credit Corporation, Inc.
57-1096371	03-13210	Covington Credit of Louisiana, Inc.
56-2057616	03-13189	Paragon, Inc.
27-9200069	03-13190	Modern Central Recovery

In re: THE THAXTON GROUP	Case No.	03-13182 - 03-13213
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Consolidated - for information purposes only

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts					Current Month				Cummulative Filing to Date
	Operating		Payroll	Tax	Other	Actual		Projected		Actual		Projected
Cash Beginning of Month	16,436,857		—			16,436,857		16,436,857		20,970,070		19,402,924
Receipts
Cash Sales
Accounts Receivable	8,233,793					8,233,793		8,233,793		501,871,186		454,483,428
Interest Income/Other Income	16,585,907					16,585,907		16,585,907		43,857,622		30,506,241
Additional Deposits/Tax Withheld						—		—		—		—
Other (Attach List)	—					—		—		46,302,400		—
Transfers between Accounts	(2,058,247	)	2,058,247			—						—
Proceeds from the Sale of Assets
										—		—
Total Receipts	22,761,452		2,058,247	—	—	24,819,700		24,819,700		592,031,208		484,989,669
Disbursements
Gross Payroll/Payroll Taxes			2,058,247			2,058,247		2,058,247		103,664,821		87,004,192
Sales, Use & Other Taxes	359,805					359,805		359,805		2,342,603		479,286
Inventory Purchases						—		—		—		—
Secured/Rental/Leases	189,520					189,520		189,520		5,497,360		798,630
Insurance/Payroll WH paid from operating accounts	42,886					42,886		42,886		1,039,501		901,725
Marketing						—		—		—		—
Property Maintenance/Utilities						—		—		—		—
Other (Attach List)	19,240,307					19,240,307		19,240,307		108,997,229		102,598,419
						—		—
Loan Proceeds/Expenses Related To Loans/Insurance	6,935,856					6,935,856		6,935,856		264,295,763		259,043,511
						—		—		—
Deposits to Lenders	—					—		—		75,185,504		2,500,000
Professional fees - Carve-out	1,068,947					1,068,947		1,068,947		39,538,212		38,765,594
US Trustee Quarterly Fees	—					—		—		1,079,301		940,250
Court Costs						—		—		—
Proceeds to Lender for sale of business units					—			—
Fees associated with sale of business units					—
										—
Total Disbursements	27,837,323		2,058,247	—	—	29,895,570		29,895,570		601,640,293		493,031,608
Net Cash Flow
(Receipts less Disbursements)	(5,075,871	)	—	—	—	(5,075,871	)	(5,075,871	)	(9,609,084	)	(8,041,938	)
Cash - End of Month	11,360,986		—	—	—	11,360,986		11,360,986		11,360,986		11,360,986
*  COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE										(0	)	(0	)

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements	0
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	0

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for THE THAXTON GROUP - Consolidated	FOR INFORMATION PURPOSES ONLY
Monthly Court Report for April-07	JOINTLY ADMINISTERED
	HOLDING COMPANY	HOLDING COMPANY	HOLDING COMPANY

	Consolidated Totals		THAXTON GROUP, INC Corporate		Thaxton Operating Company All activity recorded at sub level	Thaxton Investment Corporation All activity recorded at sub level	Southern Management Corporation Consolidated	Tico Credit Corporation Consolidated
Beginning Cash Position	23,313,933.08		22,069,720.42		—		1,244,212.66	(0.00	)
					—
TICO Cash Collected	—		—				—	—
SM Cash Collected	8,233,792.86		—				8,233,792.86	—
TIG Cash Collected	—		—				—	—
TPF Cash Collected	—		—				—	—
TCL Cash Collected	—		—				—	—
Other Income Collected	16,585,906.67		16,584,567.87				—	1,338.80
Proceeds from the sales of the TICO Assets	—		—
SUBTOTAL	24,819,699.53		16,584,567.87		—	—	8,233,792.86	1,338.80
			—				—	—
	—						—	—
CORRECTION OF BEGINNING BALANCES	—		—				—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	0.00		(2,127,115.15	)			2,140,079.18	(12,964.03	)
	—		—				—	—
	—						—	—
Total Cash Receipts and Transfers	24,819,699.53		14,457,452.72		—	—	10,373,872.04	(11,625.23	)
								—
Cash Disbursements - Loans								—
								—
Loan Proceeds Checks	6,670,448.84		—				6,670,448.84	—
Expenses related to Loans\Thaxton Insurance Group	265,407.61		—				265,456.36	(48.75	)
Subtotal - Loans	6,935,856.45		—		—		6,935,905.20	(48.75	)
			—				—	—
Cash Disbursements - Other	—		—				—	—
Advertising	65,379.70		—				65,379.70	—
Bank Charges	22,156.03		260.44				15,645.59	6,250.00
Claims Funding*	127,844.40		—				127,844.40	—
Company Auto	20,234.44		—				20,234.44	—
Computer Costs	15,645.31		3,425.75				12,219.56	—
Dues And Subscriptions	12,198.04		—				12,198.04	—
Equipment Rental	3,547.85		—				3,547.85	—
Fixed Assets	95,471.34		—				95,471.34	—
Forms & Printing	48,618.85		—				48,618.85	—
Insurance	42,886.32		165.14				42,721.18	—
Meals & Entertainment	11,619.63		—				11,619.63	—
Miscellaneous	(12,376.72	)	—				6,354.71	(18,731.43	)
Office Expense	8,020.89		857.58				7,163.31	—
Postage	41,384.98		16.96				41,368.02	—
Prepaid Software ABS	24,457.75		—				24,457.75	—
Professional Fees-Ordinary Course	31,674.95		17,530.96				14,143.99	—
Rent	189,520.28		62.50				189,457.78	—
Repairs & Maintenance	22,629.27		—				22,629.27	—
Seminars & Meetings	12,315.74		—				12,315.74	—
Taxes & Licenses	359,805.22		332,431.20				27,374.02	—
Telephone	68,989.09		968.33				74,134.88	(6,114.12	)
Travel	21,957.64		—				21,957.64	—
Utilities	40,642.95		435.00				40,207.95	—
Interest to Finova	—		—				—	—
Payroll Paid TTG	15,165.11		8,146.04				—	7,019.07
Payroll Paid SMC	2,043,082.38		—				2,043,082.38	—
Restructuring Officer	48,000.00		48,000.00				—	—
Insurance Renewal	57,095.18		—				57,095.18	—
Credit Insurance Payments	491,355.56		—				491,355.56	—
Deposit to Lender	—		—				—	—
US Trustee	—		—				—	—
Bankruptcy Professionals	1,068,947.00		1,068,947.00				—	—
Claims Payments	24,745,569.56		24,745,569.56
Other	52,192.79		18,336.20				33,856.59	—
Total Other Cash Disbursements	29,836,789.53		26,245,152.66		—		3,603,213.35	(11,576.48	)
							—	—
TOTAL ALL CASH DISBURSEMENTS	36,772,645.98		26,245,152.66		—		10,539,118.55	(11,625.23	)
	11,360,986.63		10,282,020.48		—		1,078,966.15	—
BANK ACCOUNT RECONCILED BALANCES:	11,360,986.63		10,282,020.48				1,078,966.15	(0.00	)

I attest that the above bank statement balances have been reconciled to the individual bank statements and that all of the bank statements have been reconciled to the general ledger balance.

Any differences between the consolidating balance sheet cash and the cash summary are due to additional amounts of petty cash, cash in cash drawers and timing differences.

/s/ Illegible
Signature
Robert Dunn	5/25/07
Name and	Date
President and Chief Restructuring Officer
Title

THE THAXTON GROUP
Cash Disbursements for THE THAXTON GROUP - Consolidated	JOINTLY ADMINISTERED
Monthly Court Report for	CASES 03-13182-03-13213

	Operating		Payroll	Other	Total
Beginning Cash Position	23,313,933.08			—	23,313,933.08
TICO Cash Collected	—		—	—	—
SM Cash Collected	8,233,792.86		—	—	8,233,792.86
TIG Cash Collected	—		—	—	—
TPF Cash Collected	—		—	—	—
TCL Cash Collected	—		—	—	—
Other Income Collected	16,585,906.67		—	—	16,585,906.67
	—		—	—	—
Proceeds from the sales of the TICO Assets	—		—	—	—
SUBTOTAL	24,819,699.53		—	—	24,819,699.53
	—		—	—	—
	—		—	—	—
CORRECTION OF BEGINNING BALANCES	—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(2,058,247.49	)	2,058,247.49	—	0.00
	—		—	—	—
	—		—	—	—
Total Cash Receipts and Transfers	22,761,452.04		2,058,247.49	—	24,819,699.53
Cash Disbursements - Loans
Loan Proceeds Checks	6,670,448.84				6,670,448.84
Expenses related to Loans\Thaxton Insurance Group	265,407.61				265,407.61
Subtotal - Loans	6,935,856.45		—	—	6,935,856.45
	—
Cash Disbursements - Other	—
Advertising	65,379.70			—	65,379.70
Bank Charges	22,156.03		—	—	22,156.03
Claims Funding*	127,844.40			—	127,844.40
Company Auto	20,234.44		—	—	20,234.44
Computer Costs	15,645.31		—	—	15,645.31
Dues And Subscriptions	12,198.04		—	—	12,198.04
Equipment Rental	3,547.85		—	—	3,547.85
Fixed Assets	95,471.34		—	—	95,471.34
Forms & Printing	48,618.85		—	—	48,618.85
Insurance	42,886.32		—	—	42,886.32
Meals & Entertainment	11,619.63		—	—	11,619.63
Miscellaneous	(12,376.72	)	—	—	(12,376.72	)
Office Expense	8,020.89		—	—	8,020.89
Postage	41,384.98		—	—	41,384.98
Prepaid Software ABS	24,457.75		—	—	24,457.75
Professional Fees-Ordinary Course	31,674.95		—	—	31,674.95
Rent	189,520.28		—	—	189,520.28
Repairs & Maintenance	22,629.27		—	—	22,629.27
Seminars & Meetings	12,315.74		—	—	12,315.74
Taxes & Licenses	359,805.22		—	—	359,805.22
Telephone	68,989.09		—	—	68,989.09
Travel	21,957.64		—	—	21,957.64
Utilities	40,642.95		—	—	40,642.95
Interest to Finova	—		—	—	—
Payroll Paid TTG	—		15,165.11	—	15,165.11
Payroll Paid SMC	—		2,043,082.38	—	2,043,082.38
Restructuring Officer	48,000.00		—	—	48,000.00
Insurance Renewal	57,095.18		—	—	57,095.18
Credit Insurance Payments	491,355.56		—	—	491,355.56
Deposit to Lender	—		—	—	—
US Trustee	—		—	—	—
Bankruptcy Professionals	1,068,947.00		—	—	1,068,947.00
Claims Payments	24,745,569.56		—	—	24,745,569.56
Other	52,192.79		—	—	52,192.79
Total Other Cash Disbursements	27,778,542.04		2,058,247.49	—	29,836,789.53
	—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	34,714,398.49		2,058,247.49	—	36,772,645.98
	11,360,986.63		—	—	11,360,986.63
BANK ACCOUNT RECONCILED BALANCES:

In re: THE THAXTON GROUP, INC.	Case No.	03-13183
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements	26,245,152.66
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	26,245,152.66

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for The Thaxton Group, Inc.
Monthly Court Report for April-07	Case #    03-13183
FED ID# 57-0669498

	Consolidated Totals		Wachovia Money Market 2003207426123	Wachovia Voyager 2000029484346		WACHOVIA CLAIMS DISBURSEMENT ACCOUNT 2000035296984	WACHOVIA DISBURSEMENT ACCOUNTS 2079900430275 2000014825091		WACHOVIA PAYROLL ACCOUNTS
Beginning Cash Position	22,069,720.42		5,785,095.69	7,510,015.18		—	8,774,609.55		—
	—
TICO Cash Collected	—								—
SM Cash Collected	—								—
TIG Cash Collected	—								—
TPF Cash Collected	—								—
TCL Cash Collected	—								—
Other Income Collected	16,584,567.87		10,917.39	7,451.55		16,553,942.93	12,256.00		—
Proceeds from the sales of the TICO Assets	—
SUBTOTAL	16,584,567.87		10,917.39	7,451.55		16,553,942.93	12,256.00		—
	—								—
CORRECTION OF BEGINNING BALANCES	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(2,127,115.15	)	—	(7,517,326.73	)	8,235,689.19	(2,853,623.65	)	8,146.04
	—
	—								—
Total Cash receipts	14,457,452.72		10,917.39	(7,509,875.18	)	24,789,632.12	(2,841,367.65	)	8,146.04
									—
Cash Disbursements - Loans									—
									—
Loan Proceeds Checks	—								—
Expenses related to Loans	—								—
Subtotal - Loans	—		—	—		—	—		—
									—
									—
Cash Disbursements - Other									—
Advertising	—								—
Bank Charges	260.44		60.44	140.00		—	60.00
Claims Funding*	—					—	—
Company Auto	—					—	—
Computer Costs	3,425.75					—	3,425.75
Dues And Subscriptions	—					—	—
Employee Reimbursements - collections exp	—					—	—
Equipment Rental	—					—	—
Fixed Assets	—					—	—
Forms & Printing	—					—	—
Insurance	165.14					—	165.14
Meals & Entertainment	—					—	—
Miscellaneous	—					—	—
Office Expense	857.58					—	857.58
Postage	16.96					—	16.96
Prepaid Expenses	—					—	—
Prepaid Software ABS	—					—	—
Professional Fees-Ordinary Course	17,530.96					—	17,530.96
Rent	62.50					—	62.50
Repairs & Maintenance	—					—	—
Roadgard	—					—	—
Seminars & Meetings	—					—	—
Taxes & Licenses	332,431.20					—	332,431.20
Telephone	968.33					—	968.33
Temporary Agency Staff	—					—	—
Travel	—
Utilities	435.00					—	435
Interest to Finova	—					—
Payroll Paid TTG	8,146.04			—		—			8,146.04
Payroll Paid SMC	—
Restructuring Officer	48,000.00					—	48,000.00
Insurance Renewal	—
Credit Insurance Payments	—
Pre-Filing Prepays	—
Deposit to Lender	—
US Trustee	—					—
Bankruptcy Professionals	1,068,947.00					—	1,068,947
Claim Payments	24,745,569.56					24,745,569.56
Other	18,336.20					2.20	18,334.00
Total Other Cash Disbursements	26,245,152.66		60.44	140.00		24,745,571.76	1,491,234.42		8,146.04
TOTAL ALL CASH DISBURSEMENTS	26,245,152.66		60.44	140.00		24,745,571.76	1,491,234.42		8,146.04
	10,282,020.48		5,795,952.64	—		44,060.36	4,442,007.48		—
Book Balance per bank rec.	10,282,020.48		5,795,952.64	—		44,060.36	4,442,007.48		—

THE THAXTON GROUP
Cash Disbursements for The Thaxton Group, Inc.
Monthly Court Report for	Case No. 03-13183
FED ID#

	Operating		Payroll	Other
Beginning Cash Position	22,069,720.42		—	—
			—	—
TICO Cash Collected	—		—	—
SM Cash Collected	—		—	—
TIG Cash Collected	—		—	—
TPF Cash Collected	—		—	—
TCL Cash Collected	—		—	—
Other Income Collected	16,584,567.87		—	—
Proceeds from the sales of the TICO Assets
SUBTOTAL	16,584,567.87		—	—
	—		—	—
CORRECTION OF BEGINNING BALANCES	—		—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(2,135,261.19	)	8,146.04	—
				—
	—		—	—
Total Cash receipts	14,449,306.68		8,146.04	—
Cash Disbursements - Loans
Loan Proceeds Checks	—		—	—
Expenses related to Loans	—		—	—
Subtotal - Loans	—		—	—
Cash Disbursements - Other
Advertising	—		—	—
Bank Charges	260.44		—	—
Claims Funding*	—		—	—
Company Auto	—		—	—
Computer Costs	3,425.75		—	—
Dues And Subscriptions	—		—	—
Employee Reimbursements - collections exp	—		—	—
Equipment Rental	—		—	—
Fixed Assets	—		—	—
Forms & Printing	—		—	—
Insurance	165.14		—	—
Meals & Entertainment	—		—	—
Miscellaneous	—		—	—
Office Expense	857.58		—	—
Postage	16.96		—	—
Prepaid Expenses	—		—	—
Prepaid Software ABS	—		—	—
Professional Fees-Ordinary Course	17,530.96		—	—
Rent	62.50		—	—
Repairs & Maintenance	—		—	—
Roadgard	—		—	—
Seminars & Meetings	—		—	—
Taxes & Licenses	332,431.20		—	—
Telephone	968.33		—	—
Temporary Agency Staff	—		—	—
Travel	—		—	—
Utilities	435.00		—	—
Interest to Finova	—		—	—
Payroll Paid TTG	—		8,146.04	—
Payroll Paid SMC	—		—	—
Restructuring Officer	48,000.00		—	—
Insurance Renewal	—		—	—
Credit Insurance Payments	—		—	—
Pre-Filing Prepays	—		—	—
Deposit to Lender	—		—	—
US Trustee	—		—	—
Bankruptcy Professionals	1,068,947.00		—	—
Claim Payments	24,745,569.56		—	—
Other	18,336.20		—	—
Total Other Cash Disbursements	26,237,006.62		8,146.04	—
	—		—	—
TOTAL ALL CASH DISBURSEMENTS	26,237,006.62		8,146.04	—
	10,282,020.48		—	—
Book Balance per bank rec.

In re: Thaxton Operating Company	Case No.	03-13184
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		—
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	0.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Thaxton Operating Company
Monthly Court Report for March-07	Case #    03-13184	Case No.    01-10573
FED ID# 57-1083679

Consolidated Totals

Operating

Payroll

Other

Total

Beginning Cash Position

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

TICO Cash Collected

—

—

—

—

—

SM Cash Collected

—

—

—

—

—

TIG Cash Collected

—

—

—

—

—

TPF Cash Collected

—

—

—

—

—

TCL Cash Collected

—

—

—

—

—

Other Income Collected

—

HOLDING COMPANY - ALL ACTIVITY THROUGH SUBSIDIARIES

SUBTOTAL

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

GENERAL LEDGER DEPOSITS AND TRANSFERS

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

Total Cash Receipts and Transfers

—

—

—

—

—

—

—

—

—

—

—

Cash Disbursements - Loans

Loan Proceeds Checks

Expenses related to Loans

Subtotal - Loans

—

—

—

—

—

—

—

—

—

—

Cash Disbursements - Other

Advertising

Bank Charges

—

—

—

—

Claims Funding*

—

��

Company Auto

—

—

—

—

—

Computer Costs

—

—

—

—

—

Dues And Subscriptions

—

—

—

—

—

Employee Reimbursements - collections exp

—

—

—

—

—

Equipment Rental

—

—

—

—

—

Fixed Assets

—

—

—

—

—

Forms & Printing

—

—

—

—

—

Insurance

—

—

—

—

—

Meals & Entertainment

—

—

—

—

—

Miscellaneous

—

—

—

—

—

Office Expense

—

—

—

—

—

Postage

—

—

—

—

—

Prepaid Expenses

—

—

—

—

—

Prepaid Software ABS

—

—

—

—

—

Professional Fees-Ordinary Course

—

—

—

—

—

Rent

—

—

—

—

—

Repairs & Maintenance

—

—

—

—

—

Roadgard

—

—

—

—

—

Seminars & Meetings

—

—

—

—

—

Taxes & Licenses

—

—

—

—

—

Telephone

—

—

—

—

—

Temporary Agency Staff

—

—

—

—

—

Travel

—

—

—

—

—

Utilities

—

—

—

—

—

Interest to Finova

—

—

—

—

—

Payroll Paid TTG

—

—

—

—

—

Payroll Paid SMC

—

—

—

—

—

Restructuring Officer

—

—

—

—

—

Insurance Renewal

—

—

—

—

—

Voyager Payment

—

—

—

—

—

Pre-Filing Prepays

—

—

—

—

—

Deposit to Lender

—

—

—

—

—

US Trustee

—

—

—

—

—

Bankruptcy Professionals

—

—

—

—

—

—

—

—

—

—

Total Other Cash Disbursements

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

TOTAL ALL CASH DISBURSEMENTS

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

Book Balance per bank rec.

—

—

—

—

—

In re: TICO Premium Finance Company, Inc.	Case No.	03-13186
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		—
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	0.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO PREMIUM
Monthly Court Report for March-07	Case No.    03-13186
FED ID# 58-2358369

	Consolidated Totals	Wachovia Premium Escrow 2000022989068	WACHOVIA DISBURSEMENT ACCOUNTS 2000014825664 2079900430589	WACHOVIA PAYROLL ACCOUNTS		Operating	Payroll	Other	Total
Beginning Cash Position	—	—	—			—	—	—	—
	—						—	—	—
TICO Cash Collected	—					—	—	—	—
SM Cash Collected	—					—	—	—	—
TIG Cash Collected	—					—	—	—	—
TPF Cash Collected	—					—	—	—	—
TCL Cash Collected	—					—	—	—	—
Other Income Collected	—	—				—	—	—	—
SUBTOTAL	—	—	—	—		—	—	—	—
	—					—	—	—	—
	—					—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	—	—	—	—		—	—	—	—
	—					—	—	—	—
	—					—	—	—	—
	—					—	—	—	—
	—					—	—	—	—
Total Cash Receipts and Transfers	—	—	—	—		—	—	—	—
Cash Disbursements - Loans
Loan Proceeds Checks	—					—	—	—	—
Expenses related to Loans	—					—	—	—	—
Subtotal - Loans	—	—	—	—		—			—
Cash Disbursements - Other
Advertising
Bank Charges	—					—	—	—	—
Claims Funding*	—
Company Auto	—					—	—	—	—
Computer Costs	—					—	—	—	—
Dues And Subscriptions	—					—	—	—	—
Employee Reimbursements - collections exp	—					—	—	—	—
Equipment Rental	—					—	—	—	—
Fixed Assets	—					—	—	—	—
Forms & Printing	—					—	—	—	—
Insurance	—					—	—	—	—
Meals & Entertainment	—					—	—	—	—
Miscellaneous	—					—	—	—	—
Office Expense	—					—	—	—	—
Postage	—					—	—	—	—
Prepaid Expenses	—					—	—	—	—
Prepaid Software ABS	—					—	—	—	—
Professional Fees-Ordinary Course	—					—	—	—	—
Rent	—					—	—	—	—
Repairs & Maintenance	—					—	—	—	—
Roadgard	—					—	—	—	—
Seminars & Meetings	—					—	—	—	—
Taxes & Licenses	—					—	—	—	—
Telephone	—					—	—	—	—
Temporary Agency Staff	—					—	—	—	—
Travel	—					—	—	—	—
Utilities	—					—	—	—	—
Interest to Finova	—					—	—	—	—
Payroll Paid TTG	—			—		—	—	—	—
Payroll Paid SMC	—					—	—	—	—
Restructuring Officer	—					—	—	—	—
Insurance Renewal	—					—	—	—	—
Voyager Payment	—					—	—	—	—
Pre-Filing Prepays	—					—	—	—	—
Deposit to Lender	—					—	—	—	—
US Trustee	—					—	—	—	—
Bankruptcy Professionals	—					—	—	—	—
Other	—					—	—	—	—
Total Other Cash Disbursements	—	—	—	—	—	—	—	—	—
						—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	—	—	—	—		—	—	—	—
	—	—	—	—		—	—	—	—
Book Balance per bank rec.	—	—	—

In re: EAGLE Premium Finance Company, Inc.	Case No.	03-13185
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		—
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	0.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for EAGLE
Monthly Court Report for March-07	Case No    03-13185	Case No.    03-13185
FED ID# 54-0925005

	Consolidated Totals	WACHOVIA DEPOSITORY ACCOUNTS	WACHOVIA DISBURSEMENT ACCOUNTS	WACHOVIA PAYROLL ACCOUNTS		Operating	Payroll	Other	Total
Beginning Cash Position	—		—	—		—	—	—	—
	—						—	—	—
TICO Cash Collected	—					—	—	—	—
SM Cash Collected	—					—	—	—	—
TIG Cash Collected	—					—	—	—	—
TPF Cash Collected	—					—	—	—	—
TCL Cash Collected	—					—	—	—	—
Other Income Collected	—					—	—	—	—
SUBTOTAL	—	—	—	—	—	—	—	—	—
	—					—	—	—	—
	—					—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	All transaction in this subsidiary are included in TICO PREMIUM
	—					—	—	—	—
	—					—	—	—	—
	—					—	—	—	—
	—					—	—	—	—
Total Cash Receipts and Transfers	—	—	—	—	—	—	—	—	—
Cash Disbursements - Loans
Loan Proceeds Checks
Expenses related to Loans
Subtotal - Loans	—	—	—	—		—	—	—	—
Cash Disbursements - Other
Advertising
Bank Charges	—					—	—	—	—
Claims Funding*	—
Company Auto	—					—	—	—	—
Computer Costs	—					—	—	—	—
Dues And Subscriptions	—					—	—	—	—
Employee Reimbursements - collections exp	—					—	—	—	—
Equipment Rental	—					—	—	—	—
Fixed Assets	—					—	—	—	—
Forms & Printing	—					—	—	—	—
Insurance	—					—	—	—	—
Meals & Entertainment	—					—	—	—	—
Miscellaneous	—					—	—	—	—
Office Expense	—					—	—	—	—
Postage	—					—	—	—	—
Prepaid Expenses	—					—	—	—	—
Prepaid Software ABS	—					—	—	—	—
Professional Fees-Ordinary Course	—					—	—	—	—
Rent	—					—	—	—	—
Repairs & Maintenance	—					—	—	—	—
Roadgard	—					—	—	—	—
Seminars & Meetings	—					—	—	—	—
Taxes & Licenses	—					—	—	—	—
Telephone	—					—	—	—	—
Temporary Agency Staff	—					—	—	—	—
Travel	—					—	—	—	—
Utilities	—					—	—	—	—
Interest to Finova	—					—	—	—	—
Payroll Paid TTG	—					—	—	—	—
Payroll Paid SMC	—					—	—	—	—
Restructuring Officer	—					—	—	—	—
Insurance Renewal	—					—	—	—	—
Voyager Payment	—					—	—	—	—
Pre-Filing Prepays	—					—	—	—	—
Deposit to Lender	—					—	—	—	—
US Trustee	—					—	—	—	—
Bankruptcy Professionals	—					—	—	—	—
	—					—	—	—	—
Total Other Cash Disbursements	—	—	—	—	—	—	—	—	—
						—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	—	—	—	—	—	—	—	—	—
	—	—	—	—	—	—	—	—	—
Book Balance per bank rec.	—	—	—

In re: Thaxton Insurance Group, Inc.	Case No.	03-13187
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month		Projected		Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual				Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		—
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	0.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Thaxton Insurance Group
Monthly Court Report for March-07	Case #    03-13187	Case No.    03-13187
FED ID# 57-0926039

	Consolidated Totals	WACHOVIA DISBURSEMENT ACCOUNTS	WACHOVIA PAYROLL ACCOUNTS		Operating	Payroll	Other	Total
Beginning Cash Position	—		—		—	—	—	—
	—					—	—	—
TICO Cash Collected	—				—	—	—	—
SM Cash Collected	—				—	—	—	—
TIG Cash Collected	—				—	—	—	—
TPF Cash Collected	—				—	—	—	—
TCL Cash Collected	—				—	—	—	—
Other Income Collected	—				—	—	—	—
SUBTOTAL	—	—	—	—	—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	—		—		—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
Total Cash Receipts and Transfers	—	—	—	—	—	—	—	—
Cash Disbursements - Loans
Loan Proceeds Checks	—
Expenses related to Loans/TIG	—				—			—
Subtotal - Loans	—	—	—		—	—	—	—
Cash Disbursements - Other
Advertising	—				—			—
Bank Charges	—				—		—	—
Claims Funding*	—				—			—
Company Auto	—				—	—	—	—
Computer Costs	—				—	—	—	—
Dues And Subscriptions	—				—	—	—	—
Employee Reimbursements - collections exp	—				—	—	—	—
Equipment Rental	—				—	—	—	—
Fixed Assets	—				—	—	—	—
Forms & Printing	—				—	—	—	—
Insurance	—				—	—	—	—
Meals & Entertainment	—				—	—	—	—
Miscellaneous	—				—	—	—	—
Office Expense	—				—	—	—	—
Postage	—				—	—	—	—
Prepaid Expenses	—				—	—	—	—
Prepaid Software ABS	—				—	—	—	—
Professional Fees-Ordinary Course	—				—	—	—	—
Rent	—				—	—	—	—
Repairs & Maintenance	—				—	—	—	—
Roadgard	—				—	—	—	—
Seminars & Meetings	—				—	—	—	—
Taxes & Licenses	—				—	—	—	—
Telephone	—				—	—	—	—
Temporary Agency Staff	—				—	—	—	—
Travel	—				—	—	—	—
Utilities	—				—	—	—	—
Interest to Finova	—				—	—	—	—
Payroll Paid TTG	—		—		—	—	—	—
Payroll Paid SMC	—				—	—	—	—
Restructuring Officer	—				—	—	—	—
Insurance Renewal	—				—	—	—	—
Voyager Payment	—				—	—	—	—
Pre-Filing Prepays	—				—	—	—	—
Deposit to Lender	—				—	—	—	—
US Trustee	—				—	—	—	—
Bankruptcy Professionals	—				—	—	—	—
Other	—				—	—	—	—
Total Other Cash Disbursements	—	—	—		—	—	—	—
					—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	—	—	—		—	—	—	—
	—	—	—		—	—	—	—
Book Balance per bank rec.	—		—

In re: Thaxton Commercial Lending, Inc.	Case No.	03-13188
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		—
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	0.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for The Thaxton Commercial Lending
Monthly Court Report for March-07	Case #    03-13188	Case No.    03-13188
FED ID# 57-1067973

	Consolidated Totals	WACHOVIA DISBURSEMENT ACCOUNTS 2000014825635 2079900430576	WACHOVIA PAYROLL ACCOUNTS	Operating	Payroll	Other	Total
Beginning Cash Position	—	—		—	—	—	—
	—				—	—	—
TICO Cash Collected	—			—	—	—	—
SM Cash Collected	—			—	—	—	—
TIG Cash Collected	—			—	—	—	—
TPF Cash Collected	—			—	—	—	—
TCL Cash Collected	—			—	—	—	—
Other Income Collected	—			—	—	—	—
SUBTOTAL	—	—	—	—	—	—	—
	—			—	—	—	—
	—			—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	—		—	—	—	—	—
	—			—	—	—	—
	—			—	—	—	—
	—			—	—	—	—
	—			—	—	—	—
Total Cash Receipts and Transfers	—	—	—	—	—	—	—
Cash Disbursements - Loans
Loan Proceeds Checks	—			—			—
Expenses related to Loans	—			—			—
Subtotal - Loans	—	—	—	—			—
Cash Disbursements - Other	—						—
Advertising	—	—		—			—
Bank Charges	—			—	—	—	—
Claims Funding*	—	—					—
Company Auto	—			—	—	—	—
Computer Costs	—			—	—	—	—
Dues And Subscriptions	—			—	—	—	—
Employee Reimbursements - collections exp	—			—	—	—	—
Equipment Rental	—			—	—	—	—
Fixed Assets	—			—	—	—	—
Forms & Printing	—			—	—	—	—
Insurance	—			—	—	—	—
Meals & Entertainment	—			—	—	—	—
Miscellaneous	—			—	—	—	—
Office Expense	—			—	—	—	—
Postage	—			—	—	—	—
Prepaid Expenses	—			—	—	—	—
Prepaid Software ABS	—			—	—	—��	—
Professional Fees-Ordinary Course	—			—	—	—	—
Rent	—			—	—	—	—
Repairs & Maintenance	—			—	—	—	—
Roadgard	—			—	—	—	—
Seminars & Meetings	—			—	—	—	—
Taxes & Licenses	—			—	—	—	—
Telephone	—			—	—	—	—
Temporary Agency Staff	—			—	—	—	—
Travel	—			—	—	—	—
Utilities	—			—	—	—	—
Interest to Finova	—			—	—	—	—
Payroll Paid TTG	—		—	—	—	—	—
Payroll Paid SMC	—			—	—	—	—
Restructuring Officer	—			—	—	—	—
Insurance Renewal	—			—	—	—	—
Voyager Payment	—			—	—	—	—
Pre-Filing Prepays	—			—	—	—	—
Deposit to Lender	—			—	—	—	—
US Trustee	—			—	—	—	—
Bankruptcy Professionals	—			—	—	—	—
	—			—	—	—	—
Total Other Cash Disbursements	—	—	—	—	—	—	—
				—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	—	—	—	—	—	—	—
	—	—	—	—	—	—	—
Book Balance per bank rec.	—	—

In re: Paragon, Inc.	Case No.	03-13189
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts									Current Month				Cummulative Filing to Date
	Operating			Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable			��
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00		$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00		$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00		$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00		$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		—
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	0.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Paragon, Inc. - Incentive Company
Monthly Court Report for April-07	Case #    03-13189	Case No.    03-13189
FED ID# 56-2057616

	Consolidated Totals		Wachovia 2003233012187	Operating	Payroll	Other	Total
Beginning Cash Position	—	—	—	—		—	—
	—	—	—		—	—	—
TICO Cash Collected	—			—	—	—	—
SM Cash Collected	—			—	—	—	—
TIG Cash Collected	—			—	—	—	—
TPF Cash Collected	—			—	—	—	—
TCL Cash Collected	—			—	—	—	—
Other Income Collected	—			—	—	—	—
SUBTOTAL	—	—	—	—	—	—	—
	—			—	—	—	—
	—			—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	—		—	—	—	—	—
	—			—	—	—	—
	—			—	—	—	—
	—			—	—	—	—
	—			—	—	—	—
Total Cash Receipts and Transfers	—	—	—	—	—	—	—
Cash Disbursements - Loans
Loan Proceeds Checks
Expenses related to Loans
Subtotal - Loans	—	—	—	—	—	—	—
Cash Disbursements - Other
Advertising
Bank Charges	—			—		—	—
Claims Funding*	—
Company Auto	—			—	—	—	—
Computer Costs	—			—	—	—	—
Dues And Subscriptions	—			—	—	—	—
Employee Reimbursements - collections exp	—			—	—	—	—
Equipment Rental	—			—	—	—	—
Fixed Assets	—			—	—	—	—
Forms & Printing	—			—	—	—	—
Insurance	—			—	—	—	—
Meals & Entertainment	—			—	—	—	—
Miscellaneous	—			—	—	—	—
Office Expense	—			—	—	—	—
Postage	—			—	—	—	—
Prepaid Expenses	—			—	—	—	—
Prepaid Software ABS	—			—	—	—	—
Professional Fees-Ordinary Course	—			—	—	—	—
Rent	—			—	—	—	—
Repairs & Maintenance	—			—	—	—	—
Roadgard	—			—	—	—	—
Seminars & Meetings	—			—	—	—	—
Taxes & Licenses	—			—	—	—	—
Telephone	—			—	—	—	—
Temporary Agency Staff	—			—	—	—	—
Travel	—			—	—	—	—
Utilities	—			—	—	—	—
Interest to Finova	—			—	—	—	—
Payroll Paid TTG	—			—	—	—	—
Payroll Paid SMC	—			—	—	—	—
Restructuring Officer	—			—	—	—	—
Insurance Renewal	—			—	—	—	—
Voyager Payment	—			—	—	—	—
Pre-Filing Prepays	—			—	—	—	—
Deposit to Lender	—			—	—	—	—
US Trustee	—			—	—	—	—
Bankruptcy Professionals	—			—	—	—	—
	—			—	—	—	—
Total Other Cash Disbursements	—	—	—	—	—	—	—
				—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	—	—	—	—	—	—	—
	—	—	—	—	—	—	—
Book Balance per bank rec.	—	—	—

THE THAXTON GROUP

SUMMARY TICO CREDIT CORP

Monthly Court Report for April-07

FED ID#

	Consolidated Totals		TICO-MS 03-13201		TICO-NC 03-13193		TICO-OH 03-13200		TICO-TN 03-13203	TICO-HQ 03-13195
Beginning Cash Position	(0.00	)	—		—		(0.00	)	—	—
	—		—		—		—		—	—
TICO Cash Collected	—		—		—		—		—	—
SM Cash Collected	—		—		—		—		—	—
TIG Cash Collected	—		—		—		—		—	—
TPF Cash Collected	—		—		—		—		—	—
TCL Cash Collected	—		—		—		—		—	—
Other Income Collected	1,338.80		1,267.93		—		20.00		—	—
SUBTOTAL	1,338.80		1,267.93		—		20.00		—	—
	—		—		—		—		—	—
	—		—		—		—		—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(12,964.03	)	(1,267.93	)	578.81		(68.75	)	—	7,019.07
	—		—		—		—		—	—
Funds Received From Sale of Tico Mississippi - sent directly to Finova	—		—		—		—		—	—
Holdback, Deposits and Escrows	—		—		—		—		—	—
	—		—		—		—		—	—
Total Cash Receipts and Transfers	(11,625.23	)	—		578.81		(48.75	)	—	7,019.07
			—		—		—		—	—
Cash Disbursements - Loans			—		—		—		—	—
			—		—		—		—	—
Loan Proceeds Checks	—		—		—		—		—	—
Expenses related to Loans	(48.75	)	—		—		(48.75	)	—	—
Subtotal - Loans	(48.75	)	—		—		(48.75	)	—	—
			—		—		—		—	—
	—		—		—		—		—	—
Cash Disbursements - Other	—		—		—		—		—	—
Advertising	—		—		—		—		—	—
Bank Charges	6,250.00		—		2,083.12		—		—	—
Claims Funding*	—		—		—		—		—	—
Company Auto	—		—		—		—		—	—
Computer Costs	—		—		—		—		—	—
Dues And Subscriptions	—		—		—		—		—	—
Employee Reimbursements - collections exp	—		—		—		—		—	—
Equipment Rental	—		—		—		—		—	—
Fixed Assets	—		—		—		—		—	—
Forms & Printing	—		—		—		—		—	—
Insurance	—		—		—		—		—	—
Meals & Entertainment	—		—		—		—		—	—
Miscellaneous	(18,731.43	)	—		(1,504.31	)	—		—	—
Office Expense	—		—		—		—		—	—
Postage	—		—		—		—		—	—
Prepaid Expenses	—		—		—		—		—	—
Prepaid Software ABS	—		—		—		—		—	—
Professional Fees-Ordinary Course	—		—		—		—		—	—
Rent	—		—		—		—		—	—
Repairs & Maintenance	—		—		—		—		—	—
Roadgard	—		—		—		—		—	—
Seminars & Meetings	—		—		—		—		—	—
Taxes & Licenses	—		—		—		—		—	—
Telephone	(6,114.12	)	—		—		—		—	—
Temporary Agency Staff	—		—		—		—		—	—
Travel	—		—		—		—		—	—
Utilities	—		—		—		—		—	—
Interest to Finova	—		—		—		—		—	—
Payroll Paid TTG	7,019.07		—		—		—		—	7,019.07
Payroll Paid SMC	—		—		—		—		—	—
Restructuring Officer	—		—		—		—		—	—
Insurance Renewal	—		—		—		—		—	—
Credit Insurance Payments	—		—		—		—		—	—
Pre-Filing Prepays	—		—		—		—		—	—
Proceeds to Lender	—		—		—		—		—	—
US Trustee	—		—		—		—		—	—
Bankruptcy Professionals	—		—		—		—		—	—
Other - payment to Investment Banker	—		—		—		—		—	—
Total Other Cash Disbursements	(11,576.48	)	—		578.81		—		—	7,019.07
TOTAL ALL CASH DISBURSEMENTS	(11,625.23	)	—		578.81		(48.75	)	—	7,019.07
			—		—		—		—	—
	—		—		—		(0.00	)	—	—
			—		—		—		—	—
Book Balance per bank rec.	(0.00	)	—		—		(0.00	)	—	—

THE THAXTON GROUP
SUMMARY TICO CREDIT CORP	Case No.    -
Monthly Court Report for
FED ID#

	Operating		Payroll	Other	Total
Beginning Cash Position	(0.00	)	—	—	(0.00	)
			—	—	—
TICO Cash Collected	—		—	—	—
SM Cash Collected	—		—	—	—
TIG Cash Collected	—		—	—	—
TPF Cash Collected	—		—	—	—
TCL Cash Collected	—		—	—	—
Other Income Collected	1,338.80		—	—	1,338.80
SUBTOTAL	1,338.80		—	—	1,338.80
	—		—	—	—
	—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(19,983.10	)	7,019.07	—	(12,964.03	)
	—		—	—	—
Funds Received From Sale of Tico Mississippi - sent directly to Finova	—		—	—	—
Holdback, Deposits and Escrows	—		—	—	—
	—		—	—	—
Total Cash Receipts and Transfers	(18,644.30	)	7,019.07	—	(11,625.23	)
	—
Cash Disbursements - Loans	—
	—
Loan Proceeds Checks	—				—
Expenses related to Loans	(48.75	)			(48.75	)
Subtotal - Loans	(48.75	)			(48.75	)
	—				—
	—				—
Cash Disbursements - Other	—				—
Advertising	—				—
Bank Charges	6,250.00		—	—	6,250.00
Claims Funding*	—				—
Company Auto	—		—	—	—
Computer Costs	—		—	—	—
Dues And Subscriptions	—		—	—	—
Employee Reimbursements - collections exp	—		—	—	—
Equipment Rental	—		—	—	—
Fixed Assets	—		—	—	—
Forms & Printing	—		—	—	—
Insurance	—		—	—	—
Meals & Entertainment	—		—	—	—
Miscellaneous	(18,731.43	)	—	—	(18,731.43	)
Office Expense	—		—	—	—
Postage	—		—	—	—
Prepaid Expenses	—		—	—	—
Prepaid Software ABS	—		—	—	—
Professional Fees-Ordinary Course	—		—	—	—
Rent	—		—	—	—
Repairs & Maintenance	—		—	—	—
Roadgard	—		—	—	—
Seminars & Meetings	—		—	—	—
Taxes & Licenses	—		—	—	—
Telephone	(6,114.12	)	—	—	(6,114.12	)
Temporary Agency Staff	—		—	—	—
Travel	—		—	—	—
Utilities	—		—	—	—
Interest to Finova	—		—	—	—
Payroll Paid TTG	—		7,019.07	—	7,019.07
Payroll Paid SMC	—		—	—	—
Restructuring Officer	—		—	—	—
Insurance Renewal	—		—	—	—
Credit Insurance Payments	—		—	—	—
Pre-Filing Prepays	—		—	—	—
Proceeds to Lender	—		—	—	—
US Trustee	—		—	—	—
Bankruptcy Professionals	—		—	—	—
Other - payment to Investment Banker	—		—	—	—
Total Other Cash Disbursements	(18,595.55	)	7,019.07	—	(11,576.48	)
	—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	(18,644.30	)	7,019.07	—	(11,625.23	)
	—		—	—	—
Book Balance per bank rec.

THE THAXTON GROUP
SUMMARY TICO CREDIT CORP - DISBURSEMENT ACCOUNTS	WACHOVIA #2000014825101	WACHOVIA #2000014826087	Case No.	-
Monthly Court Report for April-07
FED ID#

	Consolidated Totals		TICO-AL	TICO-GA	TICO-DE	TICO-MS	TICO-NC		TICO-OH		TICO-SC		TICO-TN	TICO-HQ	Operating			Payroll	Other	Total
Beginning Cash Position	—		—	—										—	—			—	—	—
	—		—	—	—	—	—		—				—	—				—	—	—
TICO Cash Collected	—														—			—	—	—
SM Cash Collected	—													—	—			—	—	—
TIG Cash Collected	—													—	—			—	—	—
TPF Cash Collected	—													—	—			—	—	—
TCL Cash Collected	—													—	—			—	—	—
Other Income Collected	—													—	—			—	—	—
SUBTOTAL	—		—	—	—	—	—		—		—		—	—
	—		—	—	—	—	—		—		—		—	—	—			—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(18,644.30	)	—	—	—	—	578.81		(48.75	)	(19,174.36	)	—	—	(18,644.30	)		—	—	(18,644.30	)
Outstanding Checks	—		—	—	—	—	—		—		—		—		—			—	—	—
WACHOVIA #2000014825101	—		—	—	—	—	—		—		—		—		—			—	—	—
WACHOVIA #101000020906	—		—	—	—	—	—		—		—		—		—			—	—	—
	—		—	—	—	—	—		—		—		—	—	—			—	—	—
Total Cash Receipts and Transfers	(18,644.30	)	—	—	—	—	578.81		(48.75	)	(19,174.36	)	—	—	(18,644.30	)		—	—	(18,644.30	)
			—	—	—	—	—		—		—		—	—	—
Cash Disbursements - Loans			—	—	—	—	—		—		—		—	—	—
			—	—	—	—	—		—		—		—	—	—
Loan Proceeds Checks															—					—
Expenses related to Loans	(48.75	)							(48.75	)				—	(48.75	)				(48.75	)
Subtotal - Loans	(48.75	)	—	—	—	—	—		(48.75	)	—		—	—	(48.75	)				(48.75	)
			—	—	—	—	—		—		—		—	—	—					—
			—	—	—	—	—		—		—		—	—	—					—
Cash Disbursements - Other				—	—	—	—		—		—		—	—	—					—
Advertising	—														—					—
Bank Charges	6,250.00						2,083.12				4,166.88				6,250.00			—	—	6,250.00
Claims Funding*	—														—					—
Company Auto	—														—			—	—	—
Computer Costs	—														—			—	—	—
Dues And Subscriptions	—														—			—	—	—
Employee Reimbursements - collections exp	—													—	—			—	—	—
Equipment Rental	—														—			—	—	—
Fixed Assets	—														—			—	—	—
Forms & Printing	—														—			—	—	—
Insurance	—														—			—	—	—
Meals & Entertainment	—														—			—	—	—
Miscellaneous	(18,731.43	)					(1,504.31	)			(17,227.12	)		—	(18,731.43	)		—	—	(18,731.43	)
Office Expense	—														—			—	—	—
Postage	—														—			—	—	—
Prepaid Expenses	—														—			—	—	—
Prepaid Software ABS	—														—			—	—	—
Professional Fees-Ordinary Course	—								—						—			—	—	—
Rent	—														—			—	—	—
Repairs & Maintenance	—														—			—	—	—
Roadgard	—														—			—	—	—
Seminars & Meetings	—														—			—	—	—
Taxes & Licenses	—					—	—						—		—			—	—	—
Telephone	(6,114.12	)									(6,114.12	)			(6,114.12	)		—	—	(6,114.12	)
Temporary Agency Staff	—														—			—	—	—
Travel	—														—			—	—	—
Utilities	—														—			—	—	—
Interest to Finova	—														—			—	—	—
Payroll Paid TTG	—														—			—	—	—
Payroll Paid SMC	—														—			—	—	—
Restructuring Officer	—														—			—	—	—
Insurance Renewal	—														—			—	—	—
Credit Insurance Payments	—														—			—	—	—
Pre-Filing Prepays	—														—			—	—	—
Deposit to Lender	—														—			—	—	—
US Trustee	—														—			—	—	—
Bankruptcy Professionals	—														—			—	—	—
Other	—														—			—	—	—
Total Other Cash Disbursements	(18,595.55	)	—	—	—	—	578.81		—		(19,174.36	)	—	—	(18,595.55	)		—	—	(18,595.55	)
															—			—	—	—
TOTAL ALL CASH DISBURSEMENTS	(18,644.30	)	—	—	—	—	578.81		(48.75	)	(19,174.36	)	—	—	(18,644.30	)		—	—	(18,644.30	)
				—	—	—	—		—		—		—	—
	—		—	—	—	—	—		—		—		—	—	—			—	—	—
				—	—	—	—		—		—		—	—
Book Balance per bank rec.	—			—										—			��

In re: TICO Credit Corporation	Case No.	03-13195
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		7,019.07
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	7,019.07

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO CREDIT CORPORATION, INC.
Monthly Court Report for April-07	Case #    03-13195	Case No.    03-13195
FED ID# 56-2258083

	Consolidated Totals	WACHOVIA DISBURSEMENT ACCOUNTS	WACHOVIA PAYROLL ACCOUNTS		Operating	Payroll	Other	Total
Beginning Cash Position	—	—	—		—	—		—
	—					—	—	—
TICO Cash Collected	—	—			—	—	—	—
SM Cash Collected	—				—	—	—	—
TIG Cash Collected	—				—	—	—	—
TPF Cash Collected	—				—	—	—	—
TCL Cash Collected	—				—	—	—	—
Other Income Collected	—				—	—	—	—
SUBTOTAL	—	—	—		—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	7,019.07		7,019.07		—	7,019.07	—	7,019.07
	—				—		—	—
	—				—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
Total Cash Receipts and Transfers	7,019.07	—	7,019.07	—	—	7,019.07	—	7,019.07
Cash Disbursements - Loans
	—
Loan Proceeds Checks	—	—			—	—		—
Expenses related to Loans	—	—			—			—
Subtotal - Loans	—	—	—		—	—	—	—
		—
		—				—
Cash Disbursements - Other		—				—		—
Advertising	—	—			—	—		—
Bank Charges	—	—			—	—		—
Claims Funding*	—	—			—	—		—
Company Auto	—	—			—	—	—	—
Computer Costs	—	—			—	—	—	—
Dues And Subscriptions	—	—			—	—	—	—
Employee Reimbursements - collections exp	—	—			—	—	—	—
Equipment Rental	—	—			—	—	—	—
Fixed Assets	—	—			—	—	—	—
Forms & Printing	—	—			—	—	—	—
Insurance	—	—			—	—	—	—
Meals & Entertainment	—	—			—	—	—	—
Miscellaneous	—	—			—	—	—	—
Office Expense	—	—			—	—	—	—
Postage	—	—			—	—	—	—
Prepaid Expenses	—	—			—	—	—	—
Prepaid Software ABS	—	—			—	—	—	—
Professional Fees-Ordinary Course	—	—			—	—	—	—
Rent	—	—			—	—	—	—
Repairs & Maintenance	—	—			—	—	—	—
Roadgard	—	—			—	—	—	—
Seminars & Meetings	—	—			—	—	—	—
Taxes & Licenses	—	—			—	—	—	—
Telephone	—	—			—	—	—	—
Temporary Agency Staff	—	—			—	—	—	—
Travel	—	—			—	—	—	—
Utilities	—	—			—	—	—	—
Interest to Finova		—			—	—	—	—
Payroll Paid TTG	7,019.07	—	7,019.07		—	7,019.07	—	7,019.07
Payroll Paid SMC		—			—	—	—	—
Restructuring Officer	—	—			—	—	—	—
Insurance Renewal	—	—			—	—	—	—
Voyager Payment	—	—			—	—	—	—
Pre-Filing Prepays	—	—			—	—	—	—
Deposit to Lender	—	—			—	—	—	—
US Trustee	—	—			—	—	—	—
Bankruptcy Professionals	—	—			—	—	—	—
Other	—	—			—	—	—	—
Total Other Cash Disbursements	7,019.07	—	7,019.07	—	—	7,019.07	—	7,019.07
TOTAL ALL CASH DISBURSEMENTS	7,019.07	—	7,019.07	—	—	7,019.07	—	7,019.07
	—	—	—	—	—	—	—	—
Book Balance per bank rec.	—	—	—

In re: TICO Credit Company of Virginia, Inc.	Case No.	03-13194
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		—
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	0.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO VA
Monthly Court Report for March-07	Case #    03-13194	Case No.    03-13194
FED ID# 57-1129678

	Consolidated Totals							Operating	Payroll	Other	Total
Beginning Cash Position		—	—		—	—		—	—	—	—
	—								—	—	—
TICO Cash Collected	—							—	—	—	—
SM Cash Collected	—							—	—	—	—
TIG Cash Collected	—							—	—	—	—
TPF Cash Collected	—							—	—	—	—
TCL Cash Collected	—							—	—	—	—
Other Income Collected	—							—	—	—	—
SUBTOTAL	—	—	—		—	—	—	—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	—							—	—	—	—
								—	—	—	—
	—	All Cash is included in TICO SC						—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
Total Cash Receipts and Transfers	—	—	—		—	—	—	—	—	—	—
Cash Disbursements - Loans
Loan Proceeds Checks
Expenses related to Loans
Subtotal - Loans	—	—	—		—	—		—	—	—	—
Cash Disbursements - Other
Advertising
Bank Charges					—			—	—	—	—
Claims Funding*	—				—
Company Auto	—				—			—	—	—	—
Computer Costs	—				—			—	—	—	—
Dues And Subscriptions	—				—			—	—	—	—
Employee Reimbursements - collections exp	—				—			—	—	—	—
Equipment Rental	—				—			—	—	—	—
Fixed Assets	—				—			—	—	—	—
Forms & Printing	—				—			—	—	—	—
Insurance	—				—			—	—	—	—
Meals & Entertainment	—				—			—	—	—	—
Miscellaneous	—				—			—	—	—	—
Office Expense	—				—			—	—	—	—
Postage	—				—			—	—	—	—
Prepaid Expenses	—				—			—	—	—	—
Prepaid Software ABS	—				—			—	—	—	—
Professional Fees-Ordinary Course	—				—			—	—	—	—
Rent	—				—			—	—	—	—
Repairs & Maintenance	—				—			—	—	—	—
Roadgard	—			��	—			—	—	—	—
Seminars & Meetings	—				—			—	—	—	—
Taxes & Licenses	—				—			—	—	—	—
Telephone	—				—			—	—	—	—
Temporary Agency Staff	—				—			—	—	—	—
Travel	—				—			—	—	—	—
Utilities	—				—			—	—	—	—
Interest to Finova	—				—			—	—	—	—
Payroll Paid TTG	—				—			—	—	—	—
Payroll Paid SMC	—				—			—	—	—	—
Restructuring Officer	—				—			—	—	—	—
Insurance Renewal	—				—			—	—	—	—
Voyager Payment	—				—			—	—	—	—
Pre-Filing Prepays	—				—			—	—	—	—
Deposit to Lender	—				—			—	—	—	—
US Trustee	—				—			—	—	—	—
Bankruptcy Professionals	—				—			—	—	—	—
	—				—			—	—	—	—
Total Other Cash Disbursements	—	—	—		—	—	—	—	—	—	—
								—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	—	—	—		—	—	—	—	—	—	—
	—	—	—		—	—	—	—	—	—	—
Book Balance per bank rec.	.		—		—	—

In re: TICO Credit Company, Inc.	Case No.	03-13191
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		—
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	0.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO-SC
Monthly Court Report for April-07	Case No.    03-13191	Case No.    03-13191
FED ID# 58-2358372

	Consolidated Totals		WACHOVIA DISBURSEMENT ACCOUNTS		WACHOVIA PAYROLL ACCOUNTS		Operating		Payroll	Other	Total
Beginning Cash Position	—		—		—		—		—	—	—
	—								—	—	—
TICO Cash Collected	—						—		—	—	—
SM Cash Collected	—						—		—	—	—
TIG Cash Collected	—						—		—	—	—
TPF Cash Collected	—						—		—	—	—
TCL Cash Collected	—						—		—	—	—
Other Income Collected	50.87		50.87				50.87		—	—	50.87
SUBTOTAL	50.87		50.87		—		50.87		—	—	50.87
	—						—		—	—	—
	—						—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(19,225.23	)	(19,225.23	)	—		(19,225.23	)	—	—	(19,225.23	)
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
Total Cash Receipts and Transfers	(19,174.36	)	(19,174.36	)	—	—	(19,174.36	)	—	—	(19,174.36	)
Cash Disbursements - Loans
Loan Proceeds Checks	—		—				—		—	—	—
Expenses related to Loans	—		—				—		—	—	—
Subtotal - Loans	—		—		—		—		—	—	—
			—
			—
Cash Disbursements - Other			—
Advertising	—		—				—		—	—	—
Bank Charges	4,166.88		4,166.88				4,166.88		—	—	4,166.88
Claims Funding*	—		—				—		—	—	—
Company Auto	—		—				—		—	—	—
Computer Costs	—		—				—		—	—	—
Dues And Subscriptions	—		—				—		—	—	—
Employee Reimbursements - collections exp	—		—				—		—	—	—
Equipment Rental	—		—				—		—	—	—
Fixed Assets	—		—				—		—	—	—
Forms & Printing	—		—				—		—	—	—
Insurance	—		—				—		—	—	—
Meals & Entertainment	—		—				—		—	—	—
Miscellaneous	(17,227.12	)	(17,227.12	)			(17,227.12	)	—	—	(17,227.12	)
Office Expense	—		—				—		—	—	—
Postage	—		—				—		—	—	—
Prepaid Expenses	—		—				—		—	—	—
Prepaid Software ABS	—		—				—		—	—	—
Professional Fees - Ordinary Course	—		—				—		—	—	—
Rent	—		—				—		—	—	—
Repairs & Maintenance	—		—				—		—	—	—
Roadgard	—		—				—		—	—	—
Seminars & Meetings	—		—				—		—	—	—
Taxes & Licenses	—		—				—		—	—	—
Telephone	(6,114.12	)	(6,114.12	)			(6,114.12	)	—	—	(6,114.12	)
Temporary Agency Staff	—		—				—		—	—	—
Travel	—		—				—		—	—	—
Utilities	—		—				—		—	—	—
Interest to Finova	—		—				—		—	—	—
Payroll Paid TTG	—		—		—		—		—	—	—
Payroll Paid SMC	—		—				—		—	—	—
Restructuring Officer	—		—				—		—	—	—
Insurance Renewal	—		—				—		—	—	—
Voyager Payment	—		—				—		—	—	—
Pre - Filing Prepays	—		—				—		—	—	—
Deposit to Lender	—		—				—		—	—	—
US Trustee	—		—				—		—	—	—
Bankruptcy Professionals	—		—				—		—	—	—
Other	—						—		—	—	—
Total Other Cash Disbursements	(19,174.36	)	(19,174.36	)	—	—	(19,174.36	)	—	—	(19,174.36	)
										—	—
TOTAL ALL CASH DISBURSEMENTS	(19,174.36	)	(19,174.36	)	—	—	(19,174.36	)	—	—	(19,174.36	)
	—		—		—	—	—		—	—	—
Book Balance per bank rec.	—

In re TICO Credit Company of Alabama, Inc.	Case No.	03-13196
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		—
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	0.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO ALABAMA
Monthly Court Report for March-07	Case No.    03-13196	Case No.    03-13196
FED ID# 57-1109035

	Consolidated Totals	WACHOVIA DISBURSEMENT ACCOUNTS	WACHOVIA PAYROLL ACCOUNTS	Bank Vernon 176034601	Community Bank 45571377	Operating	Payroll	Other	Total
Beginning Cash Position	—	—	—	—	—	—	—		—
	—						—	—	—
TICO Cash Collected	—			—	—	—	—	—	—
SM Cash Collected	—					—	—	—	—
TIG Cash Collected	—					—	—	—	—
TPF Cash Collected	—					—	—	—	—
TCL Cash Collected	—					—	—	—	—
Other Income Collected	—					—	—	—	—
SUBTOTAL	—	—	—	—	—	—	—	—	—
	—					—	—	—	—
	—					—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	—	—	—	—	—	—	—	—	—
	—					—	—		—
	—					—	—	—	—
	—					—	—	—	—
	—					—	—	—	—
Total Cash Receipts and Transfers	—	—	—	—	—	—	—	—	—
Cash Disbursements - Loans
Loan Proceeds Checks	—	—				—	—		—
Expenses related to Loans	—	—				—	—		—
Subtotal - Loans	—	—	—	—	—	—	—	—	—
Cash Disbursements - Other
Advertising	—	—				—	—		—
Bank Charges	—	—		—		—	—		—
Claims Funding*	—	—							—
Company Auto	—	—				—	—	—	—
Computer Costs	—	—				—	—	—	—
Dues And Subscriptions	—	—				—	—	—	—
Employee Reimbursements - collections exp	—	—				—	—	—	—
Equipment Rental	—	—				—	—	—	—
Fixed Assets	—	—				—	—	—	—
Forms & Printing	—	—				—	—	—	—
Insurance	—	—				—	—	—	—
Meals & Entertainment	—	—				—	—	—	—
Miscellaneous	—	—				—	—	—	—
Office Expense	—	—				—	—	—	—
Postage	—	—				—	—	—	—
Prepaid Expenses	—	—				—	—	—	—
Prepaid Software ABS	—	—				—	—	—	—
Professional Fees - Ordinary Course	—	—				—	—	—	—
Rent	—	—				—	—	—	—
Repairs & Maintenance	—	—				—	—	—	—
Roadgard	—	—				—	—	—	—
Seminars & Meetings	—	—				—	—	—	—
Taxes & Licenses	—	—				—	—	—	—
Telephone	—	—				—	—	—	—
Temporary Agency Staff	—	—				—	—	—	—
Travel	—	—				—	—	—	—
Utilities	—	—				—	—	—	—
Interest to Finova	—	—				—	—	—	—
Payroll Paid TTG	—	—	—			—	—	—	—
Payroll Paid SMC	—	—				—	—	—	—
Restructuring Officer	—	—				—	—	—	—
Insurance Renewal	—	—				—	—	—	—
Voyager Payment	—	—				—	—	—	—
Pre - Filing Prepays	—	—				—	—	—	—
Deposit to Lender	—	—				—	—	—	—
US Trustee	—	—				—	—	—	—
Bankruptcy Professionals	—	—				—	—	—	—
Other	—	—				—	—	—	—
Total Other Cash Disbursements	—	—	—	—	—	—	—	—	—
						—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	—	—	—	—	—	—	—	—	—
	—	—	—	—	—	—	—	—	—
Book Balance per bank rec.	—			—	—

In re TICO Credit Company of North Carolina, Inc.	Case No.	03-13193
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		55.00
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	55.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO-NC
Monthly Court Report for April-07	Case No.    03-13193	Case No.    03-13193
FED ID# 56-2058522

	Consolidated Totals		WACHOVIA DISBURSEMENT ACCOUNTS		WACHOVIA PAYROLL ACCOUNTS		Operating		Payroll	Other	Total
Beginning Cash Position	—						—		—	—	—
	—								—	—	—
TICO Cash Collected	—						—		—	—	—
SM Cash Collected	—						—		—	—	—
TIG Cash Collected	—						—		—	—	—
TPF Cash Collected	—						—		—	—	—
TCL Cash Collected	—						—		—	—	—
Other Income Collected	—						—		—	—	—
SUBTOTAL	—		—		—		—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	578.81		578.81		—		578.81		—	—	578.81
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
Total Cash Receipts and Transfers	578.81		578.81		—		578.81		—	—	578.81
Cash Disbursements - Loans
	—
Loan Proceeds Checks	—		—				—		—	—	—
Expenses related to Loans	—		—				—		—	—	—
Subtotal - Loans	—		—		—		—		—	—	—
			—
			—
Cash Disbursements - Other			—
Advertising	—		—				—		—	—	—
Bank Charges	2,083.12		2,083.12				2,083.12		—	—	2,083.12
Claims Funding*	—		—
Company Auto	—		—				—		—	—	—
Computer Costs	—		—				—		—	—	—
Dues And Subscriptions	—		—				—		—	—	—
Employee Reimbursements - collections exp	—		—				—		—	—	—
Equipment Rental	—		—				—		—	—	—
Fixed Assets	—		—				—		—	—	—
Forms & Printing	—		—				—		—	—	—
Insurance	—		—				—		—	—	—
Meals & Entertainment	—		—				—		—	—	—
Miscellaneous	(1,504.31	)	(1,504.31	)			(1,504.31	)	—	—	(1,504.31	)
Office Expense	—		—				—		—	—	—
Postage	—		—				—		—	—	—
Prepaid Expenses	—		—				—		—	—	—
Prepaid Software ABS	—		—				—		—	—	—
Professional Fees-Ordinary Course	—		—				—		—	—	—
Rent	—		—				—		—	—	—
Repairs & Maintenance	—		—				—		—	—	—
Roadgard	—		—				—		—	—	—
Seminars & Meetings	—		—				—		—	—	—
Taxes & Licenses	—		—				—		—	—	—
Telephone	—		—				—		—	—	—
Temporary Agency Staff	—		—				—		—	—	—
Travel	—		—				—		—	—	—
Utilities	—		—				—		—	—	—
Interest to Finova	—		—				—		—	—	—
Payroll Paid TTG	—		—		—		—		—	—	—
Payroll Paid SMC	—		—				—		—	—	—
Restructuring Officer	—		—				—		—	—	—
Insurance Renewal	—		—				—		—	—	—
Voyager Payment	—		—				—		—	—	—
Pre-Filing Prepays	—		—				—		—	—	—
Deposit to Lender	—		—				—		—	—	—
US Trustee	—		—				—		—	—	—
Bankruptcy Professionals	—		—				—		—	—	—
Other	—		—				—		—	—	—
Total Other Cash Disbursements	578.81		578.81		—	—	578.81		—	—	578.81
									—	—	—
TOTAL ALL CASH DISBURSEMENTS	578.81		578.81		—	—	578.81		—	—	578.81
	—		—		—	—	—		—	—	—
Book Balance per bank rec.	—		—

In re: TICO Credit Company	Case No.	03-13182
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		—
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	0.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO - DELAWARE
Monthly Court Report for April-07	Case No.    03-13182
FED ID# 74-2873274

	Consolidated Totals	WACHOVIA DISBURSEMENT ACCOUNTS	National City 754211488		Operating	Payroll	Other	Total
Beginning Cash Position	—	—	—		—	—	—	—
	—					—	—	—
TICO Cash Collected	—				—	—	—	—
SM Cash Collected	—				—	—	—	—
TIG Cash Collected	—				—	—	—	—
TPF Cash Collected	—				—	—	—	—
TCL Cash Collected	—				—	—	—	—
Other Income Collected	—				—	—	—	—
SUBTOTAL	—	—	—		—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	—	—	—		—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
Total Cash Receipts and Transfers	—	—	—	—	—	—	—	—
Cash Disbursements - Loans
Loan Proceeds Checks	—	—			—			—
Expenses related to Loans	—	—			—			—
Subtotal - Loans	—	—	—		—	—	—	—
		—
		—			—
Cash Disbursements - Other		—			—
Advertising	—	—			—	—	—	—
Bank Charges	—				—	—	—	—
Claims Funding*	—	—			—	—	—	—
Company Auto	—	—			—	—	—	—
Computer Costs	—	—			—	—	—	—
Dues And Subscriptions	—	—			—	—	—	—
Employee Reimbursements - collections exp	—	—			—	—	—	—
Equipment Rental	—	—			—	—	—	—
Fixed Assets	—	—			—	—	—	—
Forms & Printing	—	—			—	—	—	—
Insurance	—	—			—	—	—	—
Meals & Entertainment	—	—			—	—	—	—
Miscellaneous	—	—			—	—	—	—
Office Expense	—	—			—	—	—	—
Postage	—	—			—	—	—	—
Prepaid Expenses	—	—			—	—	—	—
Prepaid Software ABS	—	—			—	—	—	—
Professional Fees-Ordinary Course	—	—			—	—	—	—
Rent	—	—			—	—	—	—
Repairs & Maintenance	—	—			—	—	—	—
Roadgard	—	—			—	—	—	—
Seminars & Meetings	—	—			—	—	—	—
Taxes & Licenses	—	—			—	—	—	—
Telephone	—	—			—	—	—	—
Temporary Agency Staff	—	—			—	—	—	—
Travel	—	—			—	—	—	—
Utilities	—	—			—	—	—	—
Interest to Finova	—	—			—	—	—	—
Payroll Paid TTG	—	—			—	—	—	—
Payroll Paid SMC	—	—			—	—	—	—
Restructuring Officer	—	—			—	—	—	—
Insurance Renewal	—	—			—	—	—	—
Voyager Payment	—	—			—	—	—	—
Pre-Filing Prepays	—	—			—	—	—	—
Deposit to Lender	—	—			—	—	—	—
US Trustee	—	—			—	—	—	—
Bankruptcy Professionals	—	—			—	—	—	—
Other	—	—			—	—	—	—
Total Other Cash Disbursements	—	—	—	—	—	—	—	—
					—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	—	—	—	—	—	—	—	—
	—	—	—	—	—	—	—	—
Book Balance per bank rec.	—	—	—

In re: TICO Credit Company of Georgia, Inc.	Case No.	03-13199
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		—
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	0.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO Credit of Georgia, Inc.
Monthly Court Report for April-07	Case #    03-13199	Case No.    03-13199
FED ID# 57-1110723

	Consolidated Totals	WACHOVIA DISBURSEMENT ACCOUNTS	WACHOVIA PAYROLL ACCOUNTS		Operating	Payroll	Other	Total
Beginning Cash Position	—				—	—	—	—
	—					—	—	—
TICO Cash Collected	—				—	—	—	—
SM Cash Collected	—				—	—	—	—
TIG Cash Collected	—				—	—	—	—
TPF Cash Collected	—				—	—	—	—
TCL Cash Collected	—				—	—	—	—
Other Income Collected	—				—	—	—	—
SUBTOTAL	—	—	—		—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	—	—	—		—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
Total Cash Receipts and Transfers	—	—	—		—	—	—	—
Cash Disbursements - Loans
Loan Proceeds Checks	—	—			—			—
Expenses related to Loans	—	—			—			—
Subtotal - Loans	—	—	—		—	—	—	—
Cash Disbursements - Other		—
Advertising	—	—			—			—
Bank Charges	—	—			—	—	—	—
Claims Funding*	—	—			—			—
Company Auto	—	—			—	—	—	—
Computer Costs	—	—			—	—	—	—
Dues And Subscriptions	—	—			—	—	—	—
Employee Reimbursements - collections exp	—	—			—	—	—	—
Equipment Rental	—	—			—	—	—	—
Fixed Assets	—	—			—	—	—	—
Forms & Printing	—	—			—	—	—	—
Insurance	—	—			—	—	—	—
Meals & Entertainment	—	—			—	—	—	—
Miscellaneous	—	—			—	—	—	—
Office Expense	—	—			—	—	—	—
Postage	—	—			—	—	—	—
Prepaid Expenses	—	—			—	—	—	—
Prepaid Software ABS	—	—			—	—	—	—
Professional Fees - Ordinary Course	—	—			—	—	—	—
Rent	—	—			—	—	—	—
Repairs & Maintenance	—	—			—	—	—	—
Roadgard	—	—			—	—	—	—
Seminars & Meetings	—	—			—	—	—	—
Taxes & Licenses	—	—			—	—	—	—
Telephone	—	—			—	—	—	—
Temporary Agency Staff	—	—			—	—	—	—
Travel	—	—			—	—	—	—
Utilities	—	—			—	—	—	—
Interest to Finova	—	—			—	—	—	—
Payroll Paid TTG	—	—	—		—	—	—	—
Payroll Paid SMC	—	—			—	—	—	—
Restructuring Officer	—	—			—	—	—	—
Insurance Renewal	—	—			—	—	—	—
Voyager Payment	—	—			—	—	—	—
Pre-Filing Prepays	—	—			—	—	—	—
Deposit to Lender	—	—			—	—	—	—
US Trustee	—	—			—	—	—	—
Bankruptcy Professionals	—				—	—	—	—
Other	—	—			—	—	—	—
Total Other Cash Disbursements	—	—	—	—	—	—	—	—
						—	—	—
TOTAL ALL CASH DISBURSEMENTS	—	—	—	—	—	—	—	—
	—	—	—	—	—	—	—	—
Book Balance per bank rec.	—

In re: Modern Finance dba TICO Credit Company	Case No.	03-13200
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		132.54
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	132.54

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO-OH-MOD
Monthly Court Report for April-07	Case No.    03-13200	Case No.    03-13200
FED ID# 31-4256360

	Consolidated Totals		WACHOVIA DISBURSEMENT ACCOUNTS		WACHOVIA PAYROLL ACCOUNTS	National City 394058175	Operating		Payroll	Other	Total
Beginning Cash Position	(0.00	)	—		—		(0.00	)	—	—	(0.00	)
	—								—	—	—
TICO Cash Collected	—						—		—	—	—
SM Cash Collected	—						—		—	—	—
TIG Cash Collected	—						—		—	—	—
TPF Cash Collected	—						—		—	—	—
TCL Cash Collected	—						—		—	—	—
Other Income Collected	20.00		20.00				20.00		—	—	20.00
SUBTOTAL	20.00		20.00		—	—	20.00		—	—	20.00
	—						—		—	—	—
	—						—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(68.75	)	(68.75	)	—		(68.75	)	—	—	(68.75	)
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
Total Cash Receipts and Transfers	(48.75	)	(48.75	)	—	—	(48.75	)	—	—	(48.75	)
Cash Disbursements - Loans
Loan Proceeds Checks	—		—				—		—	—	—
Expenses related to Loans	(48.75	)	(48.75	)			(48.75	)	—	—	(48.75	)
Subtotal - Loans	(48.75	)	(48.75	)	—	—	(48.75	)	—	—	(48.75	)
Cash Disbursements - Other
Advertising			—
Bank Charges	—		—			—	—		—	—	—
Claims Funding*	—		—								—
Company Auto	—		—				—		—	—	—
Computer Costs	—		—				—		—	—	—
Dues And Subscriptions	—		—				—		—	—	—
Employee Reimbursements - collections exp	—		—				—		—	—	—
Equipment Rental	—		—				—		—	—	—
Fixed Assets	—		—				—		—	—	—
Forms & Printing	—		—				—		—	—	—
Insurance	—		—				—		—	—	—
Meals & Entertainment	—		—				—		—	—	—
Miscellaneous	—		—				—		—	—	—
Office Expense	—		—				—		—	—	—
Postage	—		—				—		—	—	—
Prepaid Expenses	—		—				—		—	—	—
Prepaid Software ABS	—		—				—		—	—	—
Professional Fees-Ordinary Course	—		—				—		—	—	—
Rent	—		—				—		—	—	—
Repairs & Maintenance	—		—				—		—	—	—
Roadgard	—		—				—		—	—	—
Seminars & Meetings	—		—				—		—	—	—
Taxes & Licenses	—		—				—		—	—	—
Telephone	—		—				—		—	—	—
Temporary Agency Staff	—		—				—		—	—	—
Travel	—		—				—		—	—	—
Utilities	—		—				—		—	—	—
Interest to Finova	—		—				—		—	—	—
Payroll Paid TTG	—		—		—		—		—	—	—
Payroll Paid SMC	—		—				—		—	—	—
Restructuring Officer	—		—				—		—	—	—
Insurance Renewal	—		—				—		—	—	—
Voyager Payment	—		—				—		—	—	—
Pre-Filing Prepays	—		—				—		—	—	—
Deposit to Lender	—		—				—		—	—	—
US Trustee	—		—				—		—	—	—
Bankruptcy Professionals	—		—				—		—	—	—
Other	—		—				—		—	—	—
Total Other Cash Disbursements	—		—		—	—	—		—	—	—
											—
TOTAL ALL CASH DISBURSEMENTS	(48.75	)	(48.75	)	—	—	(48.75	)	—	—	(48.75	)
	(0.00	)	—		—	—	(0.00	)	—	—	(0.00	)
Book Balance per bank rec.	(0.00	)				—

In re: Modern Central Recovery	Case No.	03-13190
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		—
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	0.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Modern Central Recovery
Monthly Court Report for March-07	Case #    03-13190	Case No.    03-13190
FED ID# 27-9200069

	Consolidated Totals		WACHOVIA PAYROLL ACCOUNTS		Operating	Payroll	Other	Total
Beginning Cash Position	—	—			—	—	—	—
	—					—	—	—
TICO Cash Collected	—				—	—	—	—
SM Cash Collected	—				—	—	—	—
TIG Cash Collected	—				—	—	—	—
TPF Cash Collected	—				—	—	—	—
TCL Cash Collected	—				—	—	—	—
Other Income Collected	—				—	—	—	—
SUBTOTAL	—	—	—	—	—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	—		—		—	—	—	—
					—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
Total Cash Receipts and Transfers	—	—	—	—	—	—	—	—
Cash Disbursements - Loans
Loan Proceeds Checks
Expenses related to Loans
Subtotal - Loans	—	—	—		—	—	—	—
Cash Disbursements - Other
Advertising
Bank Charges	—				—	—	—	—
Claims Funding*	—
Company Auto	—				—	—	—	—
Computer Costs	—				—	—	—	—
Dues And Subscriptions	—				—	—	—	—
Employee Reimbursements - collections exp	—				—	—	—	—
Equipment Rental	—				—	—	—	—
Fixed Assets	—				—	—	—	—
Forms & Printing	—				—	—	—	—
Insurance	—				—	—	—	—
Meals & Entertainment	—				—	—	—	—
Miscellaneous	—				—	—	—	—
Office Expense	—				—	—	—	—
Postage	—				—	—	—	—
Prepaid Expenses	—				—	—	—	—
Prepaid Software ABS	—				—	—	—	—
Professional Fees - Ordinary Course	—				—	—	—	—
Rent	—				—	—	—	—
Repairs & Maintenance	—				—	—	—	—
Roadgard	—				—	—	—	—
Seminars & Meetings	—				—	—	—	—
Taxes & Licenses	—				—	—	—	—
Telephone	—				—	—	—	—
Temporary Agency Staff	—				—	—	—	—
Travel	—				—	—	—	—
Utilities	—				—	—	—	—
Interest to Finova	—				—	—	—	—
Payroll Paid TTG	—		—		—	—	—	—
Payroll Paid SMC	—				—	—	—	—
Restructuring Officer	—				—	—	—	—
Insurance Renewal	—				—	—	—	—
Voyager Payment	—				—	—	—	—
Pre-Filing Prepays	—				—	—	—	—
Deposit to Lender	—				—	—	—	—
US Trustee	—				—	—	—	—
Bankruptcy Professionals	—				—	—	—	—
	—				—	—	—	—
Total Other Cash Disbursements	—	—	—	—	—	—	—	—
					—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	—	—	—	—	—	—	—	—
	—	—	—	—	—	—	—	—
Book Balance per bank rec.	0.00	—	—

In re: TICO Credit Company	Case No.	03-13201
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		25.00
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	25.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO MISSISSIPPI
Monthly Court Report for April-07	Case No.    03-13201	Case No.    03-13201
FED ID# 64-0560143

	Consolidated Totals		WACHOVIA DISBURSEMENT ACCOUNTS			Operating		Payroll	Other	Total
Beginning Cash Position	—		—			—				—
	—							—	—	—
TICO Cash Collected	—					—		—	—	—
SM Cash Collected	—					—		—	—	—
TIG Cash Collected	—					—		—	—	—
TPF Cash Collected	—					—		—	—	—
TCL Cash Collected	—					—		—	—	—
Other Income Collected	1,267.93		1,267.93			1,267.93		—	—	1,267.93
SUBTOTAL	1,267.93		1,267.93		—	1,267.93		—	—	1,267.93
	—					—		—	—	—
	—					—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(1,267.93	)	(1,267.93	)		(1,267.93	)	—	—	(1,267.93	)
	—					—			—	—
Funds Received From Sale of Tico Mississippi - sent directly to Finova	—					—		—		—
Holdback, Deposits and Escrows	—					—		—	—	—
	—					—		—	—	—
Total Cash Receipts and Transfers	—		—		—	—		—	—	—
Cash Disbursements - Loans
Loan Proceeds Checks	—		—			—		—	—	—
Expenses related to Loans	—		—			—		—	—	—
Subtotal - Loans	—		—			—		—	—	—
Cash Disbursements - Other	—
Advertising	—		—			—		—	—	—
Bank Charges	—		—			—		—	—	—
Claims Funding*	—		—			—		—	—	—
Company Auto	—		—			—		—	—	—
Computer Costs	—		—			—		—	—	—
Dues And Subscriptions	—		—			—		—	—	—
Employee Reimbursements - collections exp	—		—			—		—	—	—
Equipment Rental	—		—			—		—	—	—
Fixed Assets	—		—			—		—	—	—
Forms & Printing	—		—			—		—	—	—
Insurance	—		—			—		—	—	—
Meals & Entertainment	—		—			—		—	—	—
Miscellaneous	—		—			—		—	—	—
Office Expense	—		—			—		—	—	—
Postage	—		—			—		—	—	—
Prepaid Expenses	—		—			—		—	—	—
Prepaid Software ABS	—		—			—		—	—	—
Professional Fees-Ordinary Course	—		—			—		—	—	—
Rent	—		—			—		—	—	—
Repairs & Maintenance	—		—			—		—	—	—
Roadgard	—		—			—		—	—	—
Seminars & Meetings	—		—			—		—	—	—
Taxes & Licenses	—		—			—		—	—	—
Telephone	—		—			—		—	—	—
Temporary Agency Staff	—		—			—		—	—	—
Travel	—		—			—		—	—	—
Utilities	—		—			—		—	—	—
Interest to Finova	—		—			—		—	—	—
Payroll Paid TTG	—		—			—		—	—	—
Payroll Paid SMC	—		—			—		—	—	—
Restructuring Officer	—		—			—		—	—	—
Insurance Renewal	—		—			—		—	—	—
Voyager Payment	—		—			—		—	—	—
Pre-Filing Prepays	—		—			—		—	—	—
Proceeds to Lender	—					—		—	—	—
US Trustee	—		—			—		—	—	—
Bankruptcy Professionals	—		—			—		—	—	—
Other - payment to Investment Banker	—					—		—	—	—
Total Other Cash Disbursements	—		—			—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	—		—			—		—	—	—
	—		—			—		—	—	—
Book Balance per bank rec.	—
	—

In re: TICO Credit Company	Case No.	03-13203
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		200.00
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	200.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO TENNESSEE
Monthly Court Report for April-07	Case No.    03-13203	Case No.    03-13203
FED ID# 75-2714829

	Consolidated Totals	WACHOVIA DISBURSEMENT ACCOUNTS	WACHOVIA PAYROLL ACCOUNTS	First Federal 163323989	Operating	Payroll	Other	Total
Beginning Cash Position	—	—	—	—	—	—	—	—
	—				—	—	—	—
TICO Cash Collected	—				—	—	—	—
SM Cash Collected	—				—	—	—	—
TIG Cash Collected	—				—	—	—	—
TPF Cash Collected	—				—	—	—	—
TCL Cash Collected	—				—	—	—	—
Other Income Collected	—				—	—	—	—
SUBTOTAL	—	—	—	—	—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	—	—	—	—	—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
Total Cash Receipts and Transfers	—	—	—	—	—	—	—	—
					—
Cash Disbursements - Loans					—
					—
Loan Proceeds Checks	—	—			—	—	—	—
Expenses related to Loans	—	—			—	—	—	—
Subtotal - Loans	—	—	—	—	—	—	—	—
					—
					—
Cash Disbursements - Other					—
Advertising	—	—			—	—	—	—
Bank Charges	—	—			—	—	—	—
Claims Funding*	—	—			—	—	—	—
Company Auto	—	—			—	—	—	—
Computer Costs	—	—			—	—	—	—
Dues And Subscriptions	—	—			—	—	—	—
Employee Reimbursements - collections exp	—	—			—	—	—	—
Equipment Rental	—	—			—	—	—	—
Fixed Assets	—	—			—	—	—	—
Forms & Printing	—	—			—	—	—	—
Insurance	—	—			—	—	—	—
Meals & Entertainment	—	—			—	—	—	—
Miscellaneous	—	—			—	—	—	—
Office Expense	—	—			—	—	—	—
Postage	—	—			—	—	—	—
Prepaid Expenses	—	—			—	—	—	—
Prepaid Software ABS	—	—			—	—	—	—
Professional Fees-Ordinary Course	—	—			—	—	—	—
Rent	—	—			—	—	—	—
Repairs & Maintenance	—	—			—	—	—	—
Roadgard	—	—			—	—	—	—
Seminars & Meetings	—	—			—	—	—	—
Taxes & Licenses	—	—			—	—	—	—
Telephone	—	—			—	—	—	—
Temporary Agency Staff	—	—			—	—	—	—
Travel	—	—			—	—	—	—
Utilities	—	—			—	—	—	—
Interest to Finova	—	—			—	—	—	—
Payroll Paid TTG	—	—	—		—	—	—	—
Payroll Paid SMC	—	—			—	—	—	—
Restructuring Officer	—	—			—	—	—	—
Insurance Renewal	—	—			—	—	—	—
Voyager Payment	—	—			—	—	—	—
Pre-Filing Prepays	—	—			—	—	—	—
Deposit to Lender	—	—			—	—	—	—
US Trustee	—	—			—	—	—	—
Bankruptcy Professionals	—	—			—	—	—	—
Other	—	—			—	—	—	—
Total Other Cash Disbursements	—	—	—	—	—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	—	—	—	—	—	—	—	—
	—	—	—	—	—	—	—	—
Book Balance per bank rec.	—			—

In re: TICO Credit Company of Tennessee, Inc.	Case No.	03-13197
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		—
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	0.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO TENN-DORMANT
Monthly Court Report for March-07	Case #    03-13197	Case No.    03-13197
FED ID# 62-1720278

	Consolidated Totals							Operating	Payroll	Other	Total
Beginning Cash Position	—	—	—	—	—	—		—	—	—	—
	—		—	—					—	—	—
TICO Cash Collected	—							—	—	—	—
SM Cash Collected	—							—	—	—	—
TIG Cash Collected	—							—	—	—	—
TPF Cash Collected	—							—	—	—	—
TCL Cash Collected	—							—	—	—	—
Other Income Collected	—							—	—	—	—
SUBTOTAL	—	—	—	—	—	—	—	—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	—							—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
Total Cash Receipts and Transfers	—	—	—	—	—	—	—	—	—	—	—
Cash Disbursements - Loans
Loan Proceeds Checks
Expenses related to Loans
Subtotal - Loans	—	—	—	—	—	—		—	—	—	—
Cash Disbursements - Other
Advertising
Bank Charges	—	—		—				—	—	—	—
Claims Funding*	—	—		—
Company Auto	—							—	—	—	—
Computer Costs	—							—	—	—	—
Dues And Subscriptions	—							—	—	—	—
Employee Reimbursements - collections exp	—							—	—	—	—
Equipment Rental	—							—	—	—	—
Fixed Assets	—							—	—	—	—
Forms & Printing	—							—	—	—	—
Insurance	—							—	—	—	—
Meals & Entertainment	—							—	—	—	—
Miscellaneous	—							—	—	—	—
Office Expense	—							—	—	—	—
Postage	—							—	—	—	—
Prepaid Expenses	—							—	—	—	—
Prepaid Software ABS	—							—	—	—	—
Professional Fees-Ordinary Course	—							—	—	—	—
Rent	—							—	—	—	—
Repairs & Maintenance	—							—	—	—	—
Roadgard	—							—	—	—	—
Seminars & Meetings	—							—	—	—	—
Taxes & Licenses	—							—	—	—	—
Telephone	—							—	—	—	—
Temporary Agency Staff	—							—	—	—	—
Travel	—							—	—	—	—
Utilities	—							—	—	—	—
Interest to Finova	—							—	—	—	—
Payroll Paid TTG	—							—	—	—	—
Payroll Paid SMC	—							—	—	—	—
Restructuring Officer	—							—	—	—	—
Insurance Renewal	—							—	—	—	—
Voyager Payment	—							—	—	—	—
Pre-Filing Prepays	—							—	—	—	—
Deposit to Lender	—							—	—	—	—
US Trustee	—							—	—	—	—
Bankruptcy Professionals	—							—	—	—	—
	—							—	—	—	—
Total Other Cash Disbursements	—	—	—	—	—	—	—	—	—	—	—
								—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	—	—	—	—	—	—	—	—	—	—	—
	—	—	—	—	—	—	—	—	—	—	—
Book Balance per bank rec.	—	—	—	—		—

In re: TICO Credit Company of Mississippi, Inc.	Case No.	03-13198
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		—
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	0.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO MS - DORMANT
Monthly Court Report for March-07	Case #    03-13198	Case No.    03-13198
FED ID# 57-1111184

	Consolidated Totals							Operating	Payroll	Other	Total
Beginning Cash Position		—	—	—	—	—		—	—	—	—
	—			—	—				—	—	—
TICO Cash Collected	—							—	—	—	—
SM Cash Collected	—							—	—	—	—
TIG Cash Collected	—							—	—	—	—
TPF Cash Collected	—							—	—	—	—
TCL Cash Collected	—							—	—	—	—
Other Income Collected	—							—	—	—	—
SUBTOTAL	—	—	—	—	—	—	—	—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	—							—	—	—	—
								—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
Total Cash Receipts and Transfers	—	—	—	—	—	—	—	—	—	—	—
Cash Disbursements - Loans
Loan Proceeds Checks
Expenses related to Loans
Subtotal - Loans	—	—	—	—	—	—		—	—	—	—
Cash Disbursements - Other
Advertising
Bank Charges								—	—	—	—
Claims Funding*
Company Auto								—	—	—	—
Computer Costs								—	—	—	—
Dues And Subscriptions								—	—	—	—
Employee Reimbursements - collections exp								—	—	—	—
Equipment Rental								—	—	—	—
Fixed Assets								—	—	—	—
Forms & Printing								—	—	—	—
Insurance								—	—	—	—
Meals & Entertainment								—	—	—	—
Miscellaneous								—	—	—	—
Office Expense								—	—	—	—
Postage								—	—	—	—
Prepaid Expenses								—	—	—	—
Prepaid Software ABS								—	—	—	—
Professional Fees-Ordinary Course								—	—	—	—
Rent								—	—	—	—
Repairs & Maintenance								—	—	—	—
Roadgard								—	—	—	—
Seminars & Meetings								—	—	—	—
Taxes & Licenses								—	—	—	—
Telephone								—	—	—	—
Temporary Agency Staff								—	—	—	—
Travel								—	—	—	—
Utilities								—	—	—	—
Interest to Finova								—	—	—	—
Payroll Paid TTG								—	—	—	—
Payroll Paid SMC								—	—	—	—
Restructuring Officer								—	—	—	—
Insurance Renewal								—	—	—	—
Voyager Payment								—	—	—	—
Pre-Filing Prepays								—	—	—	—
Deposit to Lender								—	—	—	—
US Trustee								—	—	—	—
Bankruptcy Professionals								—	—	—	—
	—		—		—			—	—	—	—
Total Other Cash Disbursements	—	—	—	—	—	—	—	—	—	—	—
								—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	—	—	—	—	—	—	—	—	—	—	—
	—	—	—	—	—	—	—	—	—	—	—
Book Balance per bank rec.			—	—	—

In re: Modern Financial Services, Inc.	Case No.	03-13202
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		—
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	0.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO-OH-MOD-SUB - Inactive DORMANT
Monthly Court Report for March-07	Case #    03-13202	Case No.    03-13202
FED ID# 31-0819992

	Consolidated Totals							Operating	Payroll	Other	Total
Beginning Cash Position	—	—	—	—	—	—		—	—	—	—
	—		—	—					—	—	—
TICO Cash Collected	—							—	—	—	—
SM Cash Collected	—							—	—	—	—
TIG Cash Collected	—							—	—	—	—
TPF Cash Collected	—							—	—	—	—
TCL Cash Collected	—							—	—	—	—
Other Income Collected	—							—	—	—	—
SUBTOTAL	—	—	—	—	—	—	—	—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	—							—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
Total Cash Receipts and Transfers	—	—	—	—	—	—	—	—	—	—	—
Cash Disbursements - Loans
Loan Proceeds Checks
Expenses related to Loans
Subtotal - Loans	—	—	—	—	—	—		—	—	—	—
Cash Disbursements - Other
Advertising
Bank Charges	—	—	—	—				—	—	—	—
Claims Funding*	—	—	—	—
Company Auto	—							—	—	—	—
Computer Costs	—							—	—	—	—
Dues And Subscriptions	—							—	—	—	—
Employee Reimbursements - collections exp	—							—	—	—	—
Equipment Rental	—							—	—	—	—
Fixed Assets	—							—	—	—	—
Forms & Printing	—							—	—	—	—
Insurance	—							—	—	—	—
Meals & Entertainment	—							—	—	—	—
Miscellaneous	—							—	—	—	—
Office Expense	—							—	—	—	—
Postage	—							—	—	—	—
Prepaid Expenses	—							—	—	—	—
Prepaid Software ABS	—							—	—	—	—
Professional Fees-Ordinary Course	—							—	—	—	—
Rent	—							—	—	—	—
Repairs & Maintenance	—							—	—	—	—
Roadgard	—							—	—	—	—
Seminars & Meetings	—							—	—	—	—
Taxes & Licenses	—							—	—	—	—
Telephone	—							—	—	—	—
Temporary Agency Staff	—							—	—	—	—
Travel	—							—	—	—	—
Utilities	—							—	—	—	—
Interest to Finova	—							—	—	—	—
Payroll Paid TTG	—							—	—	—	—
Payroll Paid SMC	—							—	—	—	—
Restructuring Officer	—							—	—	—	—
Insurance Renewal	—							—	—	—	—
Voyager Payment	—							—	—	—	—
Pre-Filing Prepays	—							—	—	—	—
Deposit to Lender	—							—	—	—	—
US Trustee	—							—	—	—	—
Bankruptcy Professionals	—							—	—	—	—
	—							—	—	—	—
Total Other Cash Disbursements	—	—	—	—	—	—	—	—	—	—	—
								—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	—	—	—	—	—	—	—	—	—	—	—
	—	—	—	—	—	—	—	—	—	—	—
Book Balance per bank rec.	—	—	—	—	—

In re: Thaxton Investment Corporation	Case No.	03-13204
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		—
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	0.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Thaxton Investment Company
Monthly Court Report for March-07	Case #    03-13204	Case No.    03-13204
FED ID# 57-1076628

	Consolidated Totals	WACHOVIA DEPOSITORY ACCOUNTS	WACHOVIA DISBURSEMENT ACCOUNTS 2000014825648 2000014825114	WACHOVIA PAYROLL ACCOUNTS		Operating	Payroll	Other	Total
Beginning Cash Position	—					—	—	—	—
							—	—	—
TICO Cash Collected	—					—	—	—	—
SM Cash Collected	—					—	—	—	—
TIG Cash Collected	—					—	—	—	—
TPF Cash Collected	—					—	—	—	—
TCL Cash Collected	—					—	—	—	—
Other Income Collected	—	No Activity - Holding Company - all activity recorded at subsidiary level.				—	—	—	—
SUBTOTAL	—	—	—	—
	—					—	—	—	—
	—					—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	—					—	—	—	—
	—					—	—	—	—
	—					—	—	—	—
	—					—	—	—	—
	—					—	—	—	—
Total Cash Receipts and Transfers	—	—	—	—
Cash Disbursements - Loans
Loan Proceeds Checks
Expenses related to Loans
Subtotal - Loans	—	—	—	—
Cash Disbursements - Other
Advertising
Bank Charges						—	—	—	—
Claims Funding*
Company Auto						—	—	—	—
Computer Costs						—	—	—	—
Dues And Subscriptions						—	—	—	—
Employee Reimbursements - collections exp						—	—	—	—
Equipment Rental						—	—	—	—
Fixed Assets						—	—	—	—
Forms & Printing						—	—	—	—
Insurance						—	—	—	—
Meals & Entertainment						—	—	—	—
Miscellaneous						—	—	—	—
Office Expense						—	—	—	—
Postage						—	—	—	—
Prepaid Expenses						—	—	—	—
Prepaid Software ABS						—	—	—	—
Professional Fees-Ordinary Course						—	—	—	—
Rent						—	—	—	—
Repairs & Maintenance						—	—	—	—
Roadgard						—	—	—	—
Seminars & Meetings						—	—	—	—
Taxes & Licenses						—	—	—	—
Telephone						—	—	—	—
Temporary Agency Staff						—	—	—	—
Travel						—	—	—	—
Utilities						—	—	—	—
Interest to Finova						—	—	—	—
Payroll Paid TTG						—	—	—	—
Payroll Paid SMC						—	—	—	—
Restructuring Officer						—	—	—	—
Insurance Renewal						—	—	—	—
Voyager Payment						—	—	—	—
Pre-Filing Prepays						—	—	—	—
Deposit to Lender						—	—	—	—
US Trustee						—	—	—	—
Bankruptcy Professionals						—	—	—	—
						—	—	—	—
Total Other Cash Disbursements	—	—	—	—	—	—	—	—	—
						—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	—	—	—	—	—	—	—	—	—
	—
Book Balance per bank rec.	—

THE THAXTON GROUP
SUMMARY - SOUTHERN MANAGEMENT	Case No.
Monthly Court Report for April-07
FED ID#

	Consolidated Totals	Covington Credit-OK 03-13208	Covington Credit of Texas 03-13211		Southern Finance of South Carolina 03-13212	Covington Credit of Georgia 03-13209	Quick Credit 03-13213	Southern Finance of Tennesse 03-13206	Corporate HQ 03-13205		Operating	Payroll	Other	Total
Beginning Cash Position	1,2448,212.66	97,701.74	501,190.83		942,845.00	48,029.98	—	166,766.11	(512,321.00	)	1,244,212.66	—	—	1,244,212.66
	—	—	—		—	—	—	—				—	—	—
TICO Cash Collected	—	—	—		—	—	—	—	—		—	—	—	—
SM Cash Collected	8,233,792.86	1,179,737.71	2,577,228.34		2,151,336.33	1,110,386.68	453,389.84	995,482.95	(233,768.99	)	8,233,792.86	—	—	8,233,792.86
TIG Cash Collected	—	—	—		—	—	—	—	—		—	—	—	—
TPF Cash Collected	—	—	—		—	—	—	—	—		—	—	—	—
TCL Cash Collected	—	—	—		—	—	—	—	—		—	—	—	—
Other Income Collected	—	—	—		—	—	—	—	—		—	—	—	—
SUBTOTAL	8,233,792.86	1,179,737.71	2,577,228.34		2,151,336.33	1,110,386.68	453,389.84	995,482.95	(233,768.99	)	8,233,792.86	—	—	8,233,792.86
	—	—	—		—	—	—	—	—		—	—	—	—
	—	—	—		—	—	—	—	—		—		—	—
GENERAL LEDGER SWEEPS AND TRANSFERS	2,140,079.18	328,398.78	(202,808.90	)	717,928.94	291,581.33	191,225.30	292,743.81	521,009.92		96,996.80	2,043,082.38	—	2,140,079.18
	—	—	—		—	—	—	—	—		—	—	—	—
	—	—	—		—	—	—	—	—		—	—	—	—
	—	—	—		—	—	—	—	—		—	—	—	—
	—	—	—		—	—	—	—	—		—	—	—	—
Total Cash Receipts and Transfers	10,373,872.04	1,508,136.49	2,374,419.44		2,869,265.27	1,401,968.01	644,615.14	1,288,226.76	287,240.93		8,330,789.66	2,043,082.38	—	10,373,872.04
		—	—		—	—	—	—	—		—
Cash Disbursements - Loans		—	—		—	—	—	—	—		—
		—	—		—	—	—	—	—		—
Loan Proceeds Checks	6,670,448.84	1,016,976.51	1,868,859.59		1,782,208.21	768,011.61	377,580.91	856,812.01	—		6,670,448.84			6,670,448.84
Expenses related to Loans	265,456.36	43,722.44	65,037.90		69,256.42	35,296.94	17,987.32	33,662.92	492.42		265,456.36			265,456.36
Subtotal - Loans	6,935,905.20	1,060,698.95	1,933,897.49		1,851,464.63	803,308.55	395,568.23	890,474.93	492.42		6,935,905.20			6,935,905.20
		—	—		—	—	—	—	—		—			—
		—	—		—	—	—	—	—		—			—
Cash Disbursements - Other		—	—		—	—	—	—	—		—			—
Advertising	65,379.70	6,716.51	8,417.24		11,227.20	5,493.57	9,923.80	5,948.01	17,653.37		65,379.70			65,379.70
Bank Charges	15,645.59	—	—		—	—	—	—	15,645.59		15,645.59	—	—	15,645.59
Claims Funding*	127,844.40	31,124.00	23,515.80		47,543.61	9,296.41	1,280.97	12,095.08	2,988.53		127,844.40			127,844.40
Company Auto	20,234.44	—	6,522.90		4,596.39	2,079.95	540.74	1,563.28	4,931.18		20,234.44	—	—	20,234.44
Computer Costs	12,219.56	948.48	2,466.45		2,932.29	1,916.36	1,339.58	2,184.32	432.08		12,219.56	—	—	12,219.56
Dues And Subscriptions	12,198.04	2,200.00	75.00		3,793.85	—	150.06	3,415.00	2,564.13		12,198.04	—	—	12,198.04
Employee Reimbursements - collections exp	—	—	—		—	—	—	—	—		—	—	—	—
Equipment Rental	3,547.85	—	10.00		—	—	—	81.96	3,455.89		3,547.85	—	—	3,547.85
Fixed Assets	95,471.34	1,048.95	2,005.31		4,685.10	23,194.96	21,171.23	35,907.38	7,458.41		95,471.34	—	—	95,471.34
Forms & Printing	48,618.85	4,819.86	13,446.83		9,459.22	6,750.71	4,431.93	8,886.45	823.85		48,618.85	—	—	48,618.85
Insurance	42,721.18	2,091.60	4,915.43		3,608.10	2,758.44	881.07	1,854.88	26,611.66		42,721.18	—	—	42,721.18
Meals & Entertainment	11,619.63	—	1,821.51		2,967.83	1,388.11	439.33	1,117.87	3,884.98		11,619.63	—	—	11,619.63
Miscellaneous	6,354.71	295.95	1,966.64		1,502.50	584.99	545.11	893.88	565.64		6,354.71	—	—	6,354.71
Office Expense	7,163.31	124.22	1,799.62		1,032.92	483.90	1,024.74	1,387.67	1,310.24		7,163.31	—	—	7,163.31
Postage	41,368.02	4,973.15	8,859.71		8,875.67	4,700.54	5,939.21	3,820.41	4,199.33		41,368.02	—	—	41,368.02
Prepaid Expenses	—	—	—		—	—	—	—	—		—	—	—	—
Prepaid Software ABS	24,457.75	—	—		—	—	—	—	24,457.75		24,457.75	—	—	24,457.75
Professional Fees-Ordinary Course	14,143.99	—	—		—	—	—	—	14,143.99		14,143.99	—	—	14,143.99
Rent	189,457.78	20,393.82	57,020.88		36,300.40	20,786.15	11,756.50	26,858.43	16,341.60		189,457.78	—	—	189,457.78
Repairs & Maintenance	22,629.27	1,513.39	4,627.72		3,597.44	—	441.11	3,160.00	9,289.61		22,629.27	—	—	22,629.27
Roadgard	40,758.00	—	—		—	40,758.00	—	—	—		40,758.00	—	—	40,758.00
Seminars & Meetings	12,315.74	—	—		1,952.60	307.80	—	—	10,055.34		12,315.74	—	—	12,315.74
Taxes & Licenses	27,374.02	6,875.20	215.00		13,095.03	5,431.14	83.50	1,159.57	514.58		27,374.02	—	—	27,374.02
Telephone	74,134.88	7,816.38	23,950.72		12,934.23	8,201.90	5,424.75	9,948.31	5,858.59		74,134.88	—	—	74,134.88
Temporary Agency Staff	—	—	—		—	—	—	—	—		—	—	—	—
Travel	21,957.64	270.68	4,276.79		643.25	1,378.87	873.44	1,780.05	12,734.56		21,957.64	—	—	21,957.64
Utilities	40,207.95	4,652.81	14,311.59		7,987.42	5,104.12	2,918.08	5,233.93	—		40,207.95	—	—	40,207.95
Interest to Finova	—	—	—		—	—	—	—	—		—	—	—	—
Payroll Paid TTG	—	—	—		—	—	—	—	—		—	—	—	—
Payroll Paid SMC	2,043,082.38	247,450.24	180,496.09		649,366.71	299,272.97	177,001.65	265,321.24	224,173.48		—	2,043,082.38	—	2,043,082.38
Restructuring Officer	—	—	—		—	—	—	—	—		—	—	—	—
Insurance Renewal	57,095.18	—	—		—	—	—	—	57,095.18		57,095.18	—	—	57,095.18
Credit Insurance Payments	491,355.56	116,741.42	—		215,663.35	157,276.79	—	—	1,674.00		491,355.56	—	—	491,355.56
Pre-Filing Prepays	—	—	—		—	—	—	—	—		—	—	—	—
Deposit to Lender	—	—	—		—	—	—	—	—		—	—	—	—
US Trustee	—	—	—		—	—	—	—	—		—	—	—	—
Bankruptcy Professionals	—	—	—		—	—	—	—	—		—	—	—	—
Other	33,856.59	4,156.03	10,489.02		7,190.59	3,958.12	2,880.11	3,958.12	1,224.60		33,856.59	—	—	33,856.59
Total Other Cash Disbursements	3,603,213.35	464,212.69	371,210.25		1,050,955.70	601,123.80	249,046.91	396,575.84	470,088.16		1,560,130.97	2,043,082.38	—	3,603,213.35
		—	—			—					—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	10,539,118.55	1,524,911.64	2,305,107.74		2,902,420.33	1,404,432.35	644,615.14	1,287,050.77	470,580.58		8,496,036.17	2,043,082.38	—	10,539,118.55
			—
	1,078,966.15	80,926.59	570,502.53		909,689.94	45,565.64	—	167,942.10	(695,660.65	)	1,078,966.15	—	—	1,078,966.15
Book Balance per bank rec.	1,078,966.15	80,926.59	570,502.53		909,689.94	45,565.64	—	167,942.10	(695,660.65	)

THE THAXTON GROUP
Cash Disbursements for Southern Management Corp Consolidated	Wachovia 2000014825127
Monthly Court Report for April-07	ACCOUNT #2079900430903
FED ID#

ZBA ACCOUNTS	Consolidated Totals		Covington Credit-OK	Covington Credit of Texas	Southern Finance of South Carolina	Covington Credit of Georgia	Quick Credit	Southern Finance of Tennesse	Alabama- NON FILER	CORPORATE HQ
Beginning Cash Position	(847,403.16	)	—	—	—	—	—	—	—	(847,403.16	)
	—
TICO Cash Collected	—		—	—	—	—	—	—	—	—
SM Cash Collected	234,175.25								234,175.25
TIG Cash Collected	—			—	—	—	—	—	—	—
TPF Cash Collected	—		—	—	—	—	—	—	—	—
TCL Cash Collected	—		—	—	—	—	—	—	—	—
Other Income Collected	—			—	—	—	—	—	—	—
SUBTOTAL	234,175.25		—	—	—	—	—	—	234,175.25	—
	—
	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	—
OUTSTANDING CHECKS	10,739,988.02		1,488,218.71	2,646,157.07	2,722,503.00	1,315,316.02	564,422.52	1,224,065.37	487,552.48	291,752.85
Account # 2000014825127	—
Account #2079900430903	—
	—
Total Cash Receipts and Transfers	10,974,163.27		1,488,218.71	2,646,157.07	2,722,503.00	1,315,316.02	564,422.52	1,224,065.37	721,727.73	291,752.85
Cash Disbursements - Loans
Loan Proceeds Checks	7,046,932.75		1,016,976.51	1,868,859.59	1,782,208.21	768,011.61	377,580.91	856,812.01	376,483.91	—
Expenses related to Loans	269,789.15		43,722.44	65,037.90	69,256.42	35,296.94	17,987.32	33,662.92	4,332.79	492.42
Subtotal - Loans	7,316,721.90		1,060,698.95	1,933,897.49	1,851,464.63	803,308.55	395,568.23	890,474.93	380,816.70	492.42
Cash Disbursements - Other
Advertising	71,793.23		6,716.51	8,417.24	11,227.20	5,493.57	9,923.80	5,948.01	6,413.53	17,653.37
Bank Charges	15,645.59		—	—	—	—	—	—	—	15,645.59
Claims Funding*	128,190.83		31,124.00	23,515.80	47,543.61	9,296.41	1,280.97	12,095.08	346.43	2,988.53
Company Auto	20,720.66		—	6,522.90	4,596.39	2,079.95	540.74	1,563.28	486.22	4,931.18
Computer Costs	12,898.95		948.48	2,466.45	2,932.29	1,916.36	1,339.58	2,184.32	679.39	432.08
Dues And Subscriptions	12,498.04		2,200.00	75.00	3,793.85	—	150.06	3,415.00	300.00	2,564.13
Employee Reimbursements - collections exp	—		—	—	—	—	—	—	—	—
Equipment Rental	3,547.85		—	10.00	—	—	—	81.96	—	3,455.89
Fixed Assets	103,044.54		1,048.95	2,005.31	4,685.10	23,194.96	21,171.23	35,907.38	7,573.20	7,458.41
Forms & Printing	52,210.63		4,819.86	13,446.83	9,459.22	6,750.71	4,431.93	8,886.45	3,591.78	823.85
Insurance	42,968.50		2,091.60	4,915.43	3,608.10	2,758.44	881.07	1,854.88	247.32	26,611.66
Meals & Entertainment	12,404.38		—	1,821.51	2,967.83	1,388.11	439.33	1,117.87	784.75	3,884.98
Miscellaneous	8,429.79		295.95	1,966.64	1,502.50	584.99	545.11	893.88	2,075.08	565.64
Office Expense	7,787.19		124.22	1,799.62	1,032.92	483.90	1,024.74	1,387.67	623.88	1,310.24
Postage	45,163.27		4,973.15	8,859.71	8,875.67	4,700.54	5,939.21	3,820.41	3,795.25	4,199.33
Prepaid Expenses	—		—	—	—	—	—	—	—	—
Prepaid Software ABS	24,457.75		—	—	—	—	—	—	—	24,457.75
Professional Fees-Ordinary Course	15,143.99		—	—	—	—	—	—	1,000.00	14,143.99
Rent	199,784.67		20,393.82	57,020.88	36,300.40	20,786.15	11,756.50	26,858.43	10,326.89	16,341.60
Repairs & Maintenance	25,007.76		1,513.39	4,627.72	3,597.44	2,028.23	441.11	3,160.00	350.26	9,289.61
Roadgard	40,758.00		—	—	—	40,758.00	—	—	—	—
Seminars & Meetings	12,315.74		—	—	1,952.60	307.80	—	—	—	10,055.34
Taxes & Licenses	27,579.02		6,875.20	215.00	13,095.03	5,431.14	83.50	1,159.57	205.00	514.58
Telephone	78,685.50		7,816.38	23,950.72	12,934.23	8,201.90	5,424.75	9,948.31	4,550.62	5,858.59
Temporary Agency Staff	—		—	—	—	—	—	—	—	—
Travel	23,416.26		270.68	4,276.79	643.25	1,378.87	873.44	1,780.05	1,458.62	12,734.56
Utilities	41,676.94		4,652.81	14,311.59	7,987.42	5,104.12	2,918.08	5,233.93	1,468.99	—
Interest to Finova	—		—	—	—	—	—	—	—	—
Payroll Paid TTG	—		—	—	—	—	—	—	—	—
	1,918,264.84		210,757.31	521,545.42	469,449.38	208,128.41	96,809.03	202,335.84	59,930.82	149,308.63
Restructuring Officer	—		—	—	—	—	—	—	—	—
Insurance Renewal	57,095.18		—	—	—	—	—	—	—	57,095.18
Credit Insurance Carrier	491,355.56		116,741.42	—	215,663.35	157,276.79	—	—	—	1,674.00
Pre-Filing Prepays	—		—	—	—	—	—	—	—	—
Deposit to Lender	—		—	—	—	—	—	—	—	—
US Trustee	—		—	—	—	—	—	—	—	—
Bankruptcy Professionals	—		—	—	—	—	—	—	—	—
Other	34,384.34		4,156.03	10,489.02	7,190.59	3,958.12	2,880.11	3,958.12	527.75	1,224.60
Total Other Cash Disbursements	3,527,229.00		427,519.76	712,259.58	871,038.37	512,007.47	168,854.29	333,590.44	106,735.78	395,223.31
TOTAL ALL CASH DISBURSEMENTS	10,843,950.90		1,488,218.71	2,646,157.07	2,722,503.00	1,315,316.02	564,422.52	1,224,065.37	487,552.48	395,715.73
	(717,190.79	)	—	—	—	—	—	—	234,175.25	(951,366.04	)
Book Balance per bank rec.			—	—		—	—			(1,185,135.03	)

In re:	Case No.	03-13208
Covington Credit, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		464,212.69
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	464,212.69

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Covington Credit, Inc.
Monthly Court Report for April-07	Case No. 03-13208	Case No.
FED ID# 57-1094987

	Consolidated Totals	Arvest Bank 11682857		Arvest Bank 11275222		Arvest Bank 13638485		Arvest Bank 13638498		RCB Bank 621656		WACHOVIA DISBURSEMENT ACCOUNTS	WACHOVIA PAYROLL ACCOUNTS	Central National 212407		ARVEST 11860459		ARVEST 570344986			Operating	Payroll	Other
Beginning Cash Position	97,701.74	14,275.52		8,665.35		18,535.23		15,109.94		10,304.33		—	—	11,283.87		11,242.73		8,284.77			97,701.74	—	—
	—																				—	—	—
TICO Cash Collected	—																				—	—	—
SM Cash Collected	1,179,737.71	74,177.16		45,205.30		89,336.92		69,309.36		70,155.56		598,941.17		96,687.66		59,830.38		76,094.20			1,179,737.71	—	—
TIG Cash Collected	—																				—	—	—
TPF Cash Collected	—																				—	—	—
TCL Cash Collected	—																				—	—	—
Other Income Collected	—																				—	—	—
SUBTOTAL	1,179,737.71	74,177.16		45,205.30		89,336.92		69,309.36		70,155.56		598,941.17	—	96,687.66		59,830.38		76,094.20		—	1,179,737.71	—	—
	—																				—	—	—
	—																				—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	328,398.78	(80,758.64	)	(46,275.08	)	(90,477.11	)	(70,311.42	)	(73,549.51	)	889,277.54	36,692.93	(95,836.96	)	(63,390.75	)	(76,972.22	)		328,398.78	—	—
	—																				—	—	—
	—																				—	—	—
Total Cash Receipts and Transfers	1,508,136.49	(6,581.48	)	(1,069.78	)	(1,140.19	)	(1,002.06	)	(3,393.95	)	1,488,218.71	36,692.93	850.70		(3,560.37	)	(878.02	)	—	1,471,443.56	36,692.93	—
																					—	—
Cash Disbursements - Loans																					—	—
																					—	—
Loan Proceeds Checks	1,016,976.51											1,016,976.51									1,016,976.51	—
Expenses related to Loans	43,722.44											43,722.44									43,722.44	—
Subtotal - Loans	1,060,698.95	—		—		—		—		—		1,060,698.95	—	—		—		—			1,060,698.95	—	—
																					—	—
																					—	—
Cash Disbursements - Other	—																				—	—
Advertising	6,716.51											6,716.51									6,716.51	—
Bank Charges	—											—									—	—	—
Claims Funding*	31,124.00											31,124.00									31,124.00	—
Company Auto	—											—									—	—	—
Computer Costs	948.48											948.48									948.48	—	—
Dues And Subscriptions	2,200.00											2,200.00									2,200.00	—	—
Employee Reimbursements - collections exp	—											—									—	—	—
Equipment Rental	—											—									—	—	—
Fixed Assets	1,048.95											1,048.95									1,048.95	—	—
Forms & Printing	4,819.86											4,819.86									4,819.86	—	—
Insurance	2,091.60											2,091.60									2,091.60	—	—
Meals & Entertainment	—											—									—	—	—
Miscellaneous	295.95											295.95									295.95	—	—
Office Expense	124.22											124.22									124.22	—	—
Postage	4,973.15											4,973.15									4,973.15	—	—
Prepaid Expenses	—											—									—	—	—
Prepaid Software ABS	—											—									—	—	—
Professional Fees-Ordinary Course	—											—									—	—	—
Rent	20,393.82											20,393.82									20,393.82	—	—
Repairs & Maintenance	1,513.39											1,513.39									1,513.39	—	—
Roadgard	—											—									—	—	—
Seminars & Meetings	—											—									—	—	—
Taxes & Licenses	6,875.20											6,875.20									6,875.20	—	—
Telephone	7,816.38											7,816.38									7,816.38	—	—
Temporary Agency Staff	—											—									—	—	—
Travel	270.68											270.68									270.68	—	—
Utilities	4,652.81											4,652.81									4,652.81	—	—
Interest to Finova	—											—									—	—	—
Payroll Paid TTG	—											—									—	—	—
Payroll Paid SMC	247,450.24											210,757.31	36,692.93								210,757.31	36,692.93	—
Restructuring Officer	—											—									—	—	—
Insurance Renewal	—											—									—	—	—
Voyager Payment	116,741.42											116,741.42									116,741.42	—	—
Pre-Filing Prepays	—											—									—	—	—
Deposit to Lender	—											—									—	—	—
US Trustee	—											—									—	—	—
Bankruptcy Professionals	—											—									—	—	—
Other	4,156.03											4,156.03									4,156.03	—	—
Total Other Cash Disbursements	464,212.69	—		—		—		—		—		427,519.76	36,692.93	—		—		—			427,519.76	36,692.93	—
																					—	—	—
TOTAL ALL CASH DISBURSEMENTS	1,524,911.64	—		—		—		—		—		1,488,218.71	36,692.93	—		—		—			1,488,218.71	36,692.93	—
	80,926.59	7,694.04		7,595.57		17,395.04		14,107.88		6,910.38		—	—	12,134.57		7,682.36		7,406.75			80,926.59	—	—
Ending Bank Balance per bank rec.	80,926.59	7,694.04		7,595.57		17,395.04		14,107.88		6,910.38				12,134.57		7,682.36		7,406.75

In re:	Case No.	03-13212
Southern Finance of South Carolina, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		2,288,476.54
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	2,288,476.54

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Southern Finance -SC
Monthly Court Report for April-07	Case #    03-13212	Case No.    03-13212
FED ID# 57-0827143

	Consolidated Totals	Peoples 1170002977		Exchange Bank of S.C. 510004702501		BB&T 5125815210		Regions Bank 3858010811		South Carolina Bank and Trust 270002033		WACHOVIA DISBURSEMENT ACCOUNTS		WACHOVIA PAYROLL ACCOUNTS
Beginning Cash Position	942,845.00	12,373.79		14,752.14		7,963.41		808,564.63		20,362.58				—
	—
TICO Cash Collected	—
SM Cash Collected	2,151,336.33	80,678.32		105,509.14		85,232.82		1,937,558.37		146,331.66		(623,834.28	)
TIG Cash Collected	—
TPF Cash Collected	—
TCL Cash Collected	—
Other Income Collected	—
SUBTOTAL	2,151,336.33	80,678.32		105,509.14		85,232.82		1,937,558.37		146,331.66		(623,834.28	)	—
	—
	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	717,928.94	(82,638.67	)	(108,820.71	)	(84,134.80	)	(1,957,872.51	)	(150,047.69	)	3,346,337.28		179,917.33
	—
	—
Total Cash Receipts and Transfers	2,869,265.27	(1,960.35	)	(3,311.57	)	1,098.02		(20,314.14	)	(3,716.03	)	2,722,503.00		179,917.33
Cash Disbursements - Loans
Loan Proceeds Checks	1,782,208.21											1,782,208.21
Expenses related to Loans	69,256.42											69,256.42
Subtotal - Loans	1,851,464.63											1,851,464.63
Cash Disbursements - Other
Advertising	11,227.20											11,227.20
Bank Charges	—
Claims Funding*	47,543.61											47,543.61
Company Auto	4,596.39											4,596.39
Computer Costs	2,932.29											2,932.29
Dues And Subscriptions	3,793.85											3,793.85
Employee Reimbursements - collections exp	—											—
Equipment Rental	—											—
Fixed Assets	4,685.10											4,685.10
Forms & Printing	9,459.22											9,459.22
Insurance	3,608.10											3,608.10
Meals & Entertainment	2,967.83											2,967.83
Miscellaneous	1,502.50											1,502.50
Office Expense	1,032.92											1,032.92
Postage	8,875.67											8,875.67
Prepaid Expenses	—											—
Prepaid Software ABS	—											—
Professional Fees-Ordinary Course	—											—
Rent	36,300.40											36,300.40
Repairs & Maintenance	3,597.44											3,597.44
Roadgard	—											—
Seminars & Meetings	1,952.60											1,952.60
Taxes & Licenses	13,095.03											13,095.03
Telephone	12,934.23											12,934.23
Temporary Agency Staff	—											—
Travel	643.25											643.25
Utilities	7,987.42											7,987.42
Interest to Finova	—											—
Payroll Paid TTG	—											—
Payroll Paid SMC	649,366.71											469,449.38		179,917.33
Restructuring Officer	—											—
Insurance Renewal	—											—
Voyager Payment	215,663.35											215,663.35
Pre-Filing Prepays	—											—
Deposit to Lender	—											—
US Trustee	—											—
Bankruptcy Professionals	—											—
Other	7,190.59											7,190.59
Total Other Cash Disbursements	1,050,955.70	—		—		—		—		—		871,038.37		179,917.33
TOTAL ALL CASH DISBURSEMENTS	2,902,420.33	—		—		—		—		—		2,722,503.00		179,917.33
	909,689.94	10,413.44		11,440.57		9,061.43		788,250.49		16,646.55		—		—
Book Balance per bank rec.	909,689.94	10,413.44		11,440.57		9,061.43		788,250.49		16,646.55

	South Carolina Bank and Trust 270002041		South Carolina Bank and Trust 270002058		Palmetto Bank 11055855		Operating	Payroll	Other	Total
Beginning Cash Position	15,165.27		13,639.33		50,023.85		942,845.00	—	—	942,845.00
								—	—	—
TICO Cash Collected							—	—	—	—
SM Cash Collected	118,098.96		127,812.26		173,949.08		2,151,336.33	—	—	2,151,336.33
TIG Cash Collected							—	—	—	—
TPF Cash Collected							—	—	—	—
TCL Cash Collected							—	—	—	—
Other Income Collected							—	—	—	—
SUBTOTAL	118,098.96		127,812.26		173,949.08		2,151,336.33	—	—	2,151,336.33
							—	—	—	—
							—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(117,065.17	)	(129,219.38	)	(178,526.74	)	538,011.61	179,917.33	—	717,928.94
							—	—	—	—
							—	—	—	—
Total Cash Receipts and Transfers	1,033.79		(1,407.12	)	(4,577.66	)	2,689,347.94	179,917.33	—	2,869,265.27
							—
Cash Disbursements - Loans							—
							—
Loan Proceeds Checks							1,782,208.21			1,782,208.21
Expenses related to Loans							69,256.42			69,256.42
Subtotal - Loans							1,851,464.63			1,851,464.63
							—
Cash Disbursements - Other							—
Advertising							11,227.20			11,227.20
Bank Charges							—	—	—	—
Claims Funding*							47,543.61			47,543.61
Company Auto							4,596.39	—	—	4,596.39
Computer Costs							2,932.29	—	—	2,932.29
Dues And Subscriptions							3,793.85	—	—	3,793.85
Employee Reimbursements - collections exp							—	—	—	—
Equipment Rental							—	—	—	—
Fixed Assets							4,685.10	—	—	4,685.10
Forms & Printing							9,459.22	—	—	9,459.22
Insurance							3,608.10	—	—	3,608.10
Meals & Entertainment							2,967.83	—	—	2,967.83
Miscellaneous							1,502.50	—	—	1,502.50
Office Expense							1,032.92	—	—	1,032.92
Postage							8,875.67	—	—	8,875.67
Prepaid Expenses							—	—	—	—
Prepaid Software ABS							—	—	—	—
Professional Fees-Ordinary Course							—	—	—	—
Rent							36,300.40	—	—	36,300.40
Repairs & Maintenance							3,597.44	—	—	3,597.44
Roadgard							—	—	—	—
Seminars & Meetings							1,952.60	—	—	1,952.60
Taxes & Licenses							13,095.03	—	—	13,095.03
Telephone							12,934.23	—	—	12,934.23
Temporary Agency Staff							—	—	—	—
Travel							643.25	—	—	643.25
Utilities							7,987.42	—	—	7,987.42
Interest to Finova							—	—	—	—
Payroll Paid TTG							—	—	—	—
Payroll Paid SMC							469,449.38	179,917.33	—	649,366.71
Restructuring Officer							—	—	—	—
Insurance Renewal							—	—	—	—
Voyager Payment							215,663.35	—	—	215,663.35
Pre-Filing Prepays							—	—	—	—
Deposit to Lender							—	—	—	—
US Trustee							—	—	—	—
Bankruptcy Professionals							—	—	—	—
Other							7,190.59	—	—	7,190.59
Total Other Cash Disbursements	—		—		—		1,050,955.70	—	—	1,050,955.70
							—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	—		—		—		2,722,503.00	179,917.33	—	2,902,420.33
	16,199.06		12,232.21		45,446.19		909,689.94	—	—	909,689.94
Book Balance per bank rec.	16,199.06		12,232.21		45,446.19

In re: Covington Credit of Texas, Inc.	Case No.	03-13211
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		2,305,107.74
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	2,305,107.74

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Covington Credit of Texas
Monthly Court Report for April-07	Case #    03-13211
FED ID# 57-1002963

	Consolidated Totals		1st Commerce Bank 350188		1st Commerce Bank 381959		American Bank of Texas 1002218089		American National Bank 0010944		Houston Comm Bank 52833		First National Bank 81547		Bank Trust 3067993
Beginning Cash Position	501,190.83		9,349.05		10,754.61		9,213.19		14,023.13		5,938.82		6,134.40		12,756.80
	—
TICO Cash Collected	—
SM Cash Collected	2,577,228.34		94,307.75		109,768.80		91,913.48		104,243.86		44,021.94		40,612.20		95,674.04
TIG Cash Collected	—
TPF Cash Collected	—
TCL Cash Collected	—
Other Income Collected	—
SUBTOTAL	2,577,228.34		94,307.75		109,768.80		91,913.48		104,243.86		44,021.94		40,612.20		95,674.04
	—
	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(202,808.90	)	(86,374.64	)	(103,944.87	)	(91,658.45	)	(106,382.43	)	(45,022.98	)	(39,791.48	)	(95,725.22	)
	—
	—
	—
	—
Total Cash Receipts and Transfers	2,374,419.44		7,933.11		5,823.93		255.03		(2,138.57	)	(1,001.04	)	820.72		(51.18	)
Cash Disbursements - Loans
Loan Proceeds Checks	1,868,859.59
Expenses related to Loans	65,037.90
Subtotal - Loans	1,933,897.49		—		—		—		—		—		—		—
Cash Disbursements - Other
Advertising	8,417.24
Bank Charges	—
Claims Funding*	23,515.80
Company Auto	6,522.90
Computer Costs	2,466.45
Dues And Subscriptions	75.00
Employee Reimbursements - collections exp	—
Equipment Rental	10.00
Fixed Assets	2,005.31
Forms & Printing	13,446.83
Insurance	4,915.43
Meals & Entertainment	1,821.51
Miscellaneous	1,966.64
Office Expense	1,799.62
Postage	8,859.71
Prepaid Expenses	—
Prepaid Software ABS	—
Professional Fees-Ordinary Course	—
Rent	57,020.88
Repairs & Maintenance	4,627.72
Roadgard	—
Seminars & Meetings	—
Taxes & Licenses	215.00
Telephone	23,950.72
Temporary Agency Staff	—
Travel	4,276.79
Utilities	14,311.59
Interest to Finova	—
Payroll Paid TTG	—
Payroll Paid SMC	180,496.09
Restructuring Officer	—
Insurance Renewal	—
Voyager Payment	—
Pre-Filing Prepays	—
Deposit to Lender	—
US Trustee	—
Bankruptcy Professionals	—
Other	10,489.02
Total Other Cash Disbursements	371,210.25		—		—		—		—		—		—		—
TOTAL ALL CASH DISBURSEMENTS	2,305,107.74		—		—		—		—		—		—		—
	570,502.53		17,282.16		16,578.54		9,468.22		11,884.56		4,937.78		6,955.12		12,705.62
Book Balance per bank rec.	570,502.53		17,282.16		16,578.54		9,468.22		11,884.56		4,937.78		6,955.12		12,705.62
	State Bank of Texas 168262		Bank of Texas 3000010649		Texas State Bank 100102889		First State Bank 2702488		Frost National Bank 460020362		Hibernia National Bank 04122623		International Bank of Commerce 9004201		Kleberg First National Bank 123390		Prosperity Bank 2102872900
Beginning Cash Position	7,967.49		11,141.60		14,525.19		7,453.94		5,897.96		6,175.69		132,869.88		15,178.27		8,812.63
TICO Cash Collected
SM Cash Collected	51,372.58		82,576.30		133,908.88		87,103.86		64,279.66		59,960.24		647,443.11		131,424.28		93,536.92
TIG Cash Collected
TPF Cash Collected
TCL Cash Collected
Other Income Collected
SUBTOTAL	51,372.58		82,576.30		133,908.88		87,103.86		64,279.66		59,960.24		647,443.11		131,424.28		93,536.92
GENERAL LEDGER DEPOSITS AND TRANSFERS	(51,681.88	)	(83,377.80	)	(134,192.52	)	(86,210.47	)	(64,310.13	)	(58,325.07	)	(628,797.52	)	(128,619.70	)	(88,858.18	)
			—
Total Cash Receipts and Transfers	(309.30	)	(801.50	)	(283.64	)	893.39		(30.47	)	1,635.17		18,645.59		2,804.58		4,678.74
Cash Disbursements - Loans
Loan Proceeds Checks
Expenses related to Loans
Subtotal - Loans	—		—		—		—		—		—		—		—		—
Cash Disbursements - Other
Advertising
Bank Charges
Claims Funding*
Company Auto
Computer Costs
Dues And Subscriptions
Employee Reimbursements - collections exp
Equipment Rental
Fixed Assets
Forms & Printing
Insurance
Meals & Entertainment
Miscellaneous
Office Expense
Postage
Prepaid Expenses
Prepaid Software ABS
Professional Fees-Ordinary Course
Rent
Repairs & Maintenance
Roadgard
Seminars & Meetings
Taxes & Licenses
Telephone
Temporary Agency Staff
Travel
Utilities
Interest to Finova
Payroll Paid TTG
Payroll Paid SMC
Restructuring Officer
Insurance Renewal
Voyager Payment
Pre-Filing Prepays
Deposit to Lender
US Trustee
Bankruptcy Professionals
Other
Total Other Cash Disbursements	—		—		—		—		—		—		—		—		—
TOTAL ALL CASH DISBURSEMENTS	—		—		—		—		—		—		—		—		—
	7,658.19		10,340.10		14,241.55		8,347.33		5,867.49		7,810.86		151,515.47		17,982.85		13,491.37
Book Balance per bank rec.	7,658.19		10,340.10		14,241.55		8,347.33		5,867.49		7,810.86		151,515.47		17,982.85		13,491.37

THE THAXTON GROUP

Cash Disbursements for Covington Credit of Texas

Monthly Court Report for

FED ID#

	Liberty National Bank 126979		Prosperity Bank 2794981		Prosperity Bank 2795011		Prosperity Bank 2795791		Prosperity Bank 75137494		Community Bank & Trust 11798527		Guaranty Bank 380-3594062		1st National 79921
Beginning Cash Position	8,885.98		9,079.53		8,668.98		9,754.84		7,561.63		9,179.03		7,582.47		9,494.56
TICO Cash Collected							—
SM Cash Collected	75,560.10		74,502.58		104,906.20		102,542.00		55,482.66		95,633.86		83,068.90		114,376.00
TIG Cash Collected
TPF Cash Collected
TCL Cash Collected							—
Other Income Collected
SUBTOTAL	75,560.10		74,502.58		104,906.20		102,542.00		55,482.66		95,633.86		83,068.90		114,376.00
GENERAL LEDGER DEPOSITS AND TRANSFERS	(75,948.98	)	(72,814.09	)	(102,394.08	)	(99,552.82	)	(55,476.71	)	(91,232.74	)	(83,850.01	)	(111,900.10	)
Total Cash Receipts and Transfers	(388.88	)	1,688.49		2,512.12		2,989.18		5.95		4,401.12		(781.11	)	2,475.90
Cash Disbursements - Loans
Loan Proceeds Checks
Expenses related to Loans
Subtotal - Loans	—		—		—		—		—		—		—		—
Cash Disbursements - Other
Advertising
Bank Charges							—								—
Claims Funding*
Company Auto
Computer Costs
Dues And Subscriptions
Employee Reimbursements - collections exp
Equipment Rental
Fixed Assets
Forms & Printing
Insurance
Meals & Entertainment
Miscellaneous
Office Expense
Postage
Prepaid Expenses
Prepaid Software ABS
Professional Fees-Ordinary Course
Rent
Repairs & Maintenance
Roadgard
Seminars & Meetings
Taxes & Licenses
Telephone
Temporary Agency Staff
Travel
Utilities
Interest to Finova
Payroll Paid TTG
Payroll Paid SMC
Restructuring Officer
Insurance Renewal
Voyager Payment
Pre-Filing Prepays
Deposit to Lender
US Trustee
Bankruptcy Professionals
Other
Total Other Cash Disbursements	—		—		—		—		—		—		—		—
TOTAL ALL CASH DISBURSEMENTS	—		—		—		—		—		—		—		—
	8,497.10		10,768.02		11,181.10		12,744.02		7,567.58		13,580.15		6,801.36		11,970.46
Book Balance per bank rec.	8,497.10		10,768.02		11,181.10		12,744.02		7,567.58		13,580.15		6,801.36		11,970.46

	1st National 325149301		Guaranty Bank 380-3594559		Guaranty Bank 380-3594542		Guaranty Bank 380-3594153		Capital City 2931314501	Citizens 8041871		WACHOVIA DISBURSEMENT ACCOUNTS		WACHOVIA PAYROLL ACCOUNTS
Beginning Cash Position	14,616.08		7,379.26		8,993.55		4,996.07		—	8,552.28		—		—
TICO Cash Collected
SM Cash Collected	88,200.20		101,915.38		94,553.70		75,578.38		0.00	91,572.34		(1,061,985.71	)
TIG Cash Collected
TPF Cash Collected
TCL Cash Collected
Other Income Collected
SUBTOTAL	88,200.20		101,915.38		94,553.70		75,578.38		—	91,572.34		(1,061,985.71	)	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(90,489.49	)	(98,498.90	)	(93,515.90	)	(75,725.12	)	—	(88,524.21	)	3,186,597.36		180,496.09
Total Cash Receipts and Transfers	(2,289.29	)	3,416.48		1,037.80		(146.74	)	—	3,048.13		2,124,611.65		180,496.09
Cash Disbursements - Loans
Loan Proceeds Checks												1,868,859.59
Expenses related to Loans												65,037.90
Subtotal - Loans	—		—		—		—		—	—		1,933,897.49		—
Cash Disbursements - Other
Advertising												8,417.24
Bank Charges	—		—		—
Claims Funding*												23,515.80
Company Auto												6,522.90
Computer Costs												2,466.45
Dues And Subscriptions												75.00
Employee Reimbursements - collections exp												—
Equipment Rental												10.00
Fixed Assets												2,005.31
Forms & Printing												13,446.83
Insurance												4,915.43
Meals & Entertainment												1,821.51
Miscellaneous												1,966.64
Office Expense												1,799.62
Postage												8,859.71
Prepaid Expenses												—
Prepaid Software ABS												—
Professional Fees-Ordinary Course												—
Rent												57,020.88
Repairs & Maintenance												4,627.72
Roadgard												—
Seminars & Meetings												—
Taxes & Licenses												215.00
Telephone												23,950.72
Temporary Agency Staff												—
Travel												4,276.79
Utilities												14,311.59
Interest to Finova												—
Payroll Paid TTG												—
Payroll Paid SMC														180,496.09
Restructuring Officer												—
Insurance Renewal												—
Voyager Payment												—
Pre-Filing Prepays												—
Deposit to Lender												—
US Trustee												—
Bankruptcy Professionals												—
Other												10,489.02
Total Other Cash Disbursements	—		—		—		—		—	—		190,714.16		180,496.09
TOTAL ALL CASH DISBURSEMENTS	—		—		—		—		—	—		2,124,611.65		180,496.90
	12,326.79		10,795.74		10,031.35		4,849.33		—	11,600.41		—		—
Book Balance per bank rec.	12,326.79		10,795.74		10,031.35		4,849.33		—	11,600.41		—

THE THAXTON GROUP
Cash Disbursements for Covington Credit of Texas
Monthly Court Report for	Case no.    03-13211
FED ID#

	WACHOVIA PAYROLL ACCOUNTS	Wells Fargo		Wells Fargo		Wells Fargo		Wells Fargo		Wells Fargo	Wells Fargo		First National Bank Texas 001100998		Operating		Payroll	Other	Total
		4231233624		4231337470		5505312659		5690474692		5880617148	7390259432
Beginning Cash Position	—	9,377.53		10,571.28		6,942.53		7,120.65		—	8,495.31		65,746.62		501,190.83		—	—	501,190.83
																	—	—	—
TICO Cash Collected															—		—	—	—
SM Cash Collected		107,690.70		101,298.76		70,328.26		87,856.20		—	97,726.56		84,273.37		2,577,228.34		—	—	2,577,228.34
TIG Cash Collected															—		—	—	—
TPF Cash Collected															—		—	—	—
TCL Cash Collected															—		—	—	—
Other Income Collected															—		—	—	—
SUBTOTAL	—	107,690.70		101,298.76		70,328.26		87,856.20		—	97,726.56		84,273.37		2,577,228.34		—	—	2,577,228.34
															—		—	—	—
															—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	180,496.09	(106,094.24	)	(100,063.07	)	(69,146.95	)	(87,443.21	)	—	(97,927.56	)	(76,030.83	)	(383,304.99	)	180,496.09	—	(202,808.90	)
															—		—	—	—
															—		—	—	—
															—		—	—	—
															—		—	—	—
Total Cash Receipts and Transfers	180,496.09	1,596.46		1,235.69		1,181.31		412.99		—	(201.00	)	8,242.54		2,193,923.35		180,496.09	—	2,374,419.44
																	—
Cash Disbursements - Loans																	—
															—		—
Loan Proceeds Checks															1,868,859.59		—		1,868,859.59
Expenses related to Loans															65,037.90		—		65,037.90
Subtotal - Loans	—	—		—		—		—		—	—		—		1,933,897.49		—	—	1,933,897.49
																	—
																	—
Cash Disbursements - Other																	—
Advertising															8,417.24		—	—	8,417.24
Bank Charges													—		—			—	—
Claims Funding*															23,515.80		—		23,515.80
Company Auto															6,522.90		—	—	6,522.90
Computer Costs															2,466.45		—	—	2,466.45
Dues And Subscriptions															75.00		—	—	75.00
Employee Reimbursements - collections exp															—		—	—	—
Equipment Rental															10.00		—	—	10.00
Fixed Assets															2,005.31		—	—	2,005.31
Forms & Printing															13,446.83		—	—	13,446.83
Insurance															4,915.43		—	—	4,915.43
Meals & Entertainment															1,821.51		—	—	1,821.51
Miscellaneous															1,966.64		—	—	1,966.64
Office Expense															1,799.62		—	—	1,799.62
Postage															8,859.71		—	—	8,859.71
Prepaid Expenses															—		—	—	—
Prepaid Software ABS															—		—	—	—
Professional Fees-Ordinary Course															—		—	—	—
Rent															57,020.88		—	—	57,020.88
Repairs & Maintenance															4,627.72		—	—	4,627.72
Roadgard															—		—	—	—
Seminars & Meetings															—		—	—	—
Taxes & Licenses															215.00		—	—	215.00
Telephone															23,950.72		—	—	23,950.72
Temporary Agency Staff															—		—	—	—
Travel															4,276.79		—	—	4,276.79
Utilities															14,311.59		—	—	14,311.59
Interest to Finova															—		—	—	—
Payroll Paid TTG															—		—	—	—
Payroll Paid SMC	180,496.09														—		180,496.09	—	180,496.09
Restructuring Officer															—		—	—	—
Insurance Renewal															—		—	—	—
Voyager Payment															—		—	—	—
Pre-Filing Prepays															—		—	—	—
Deposit to Lender															—		—	—	—
US Trustee															—		—	—	—
Bankruptcy Professionals															—		—	—	—
Other															10,489.02		—	—	10,489.02
Total Other Cash Disbursements	180,496.09	—		—		—		—		—	—		—		190,714.16		180,496.09	—	371,210.25
															—			—	—
TOTAL ALL CASH DISBURSEMENTS	180,496.09	—		—		—		—		—	—		—		2,124,611.65		180,496.09	—	2,305,107.74
	—	10,973.99		11,806.97		8,123.84		7,533.64		—	8,294.31		73,989.16		570,502.53		—	—	570,502.53
Book Balance per bank rec.		10,973.99		11,806.97		8,123.84		7,533.64		—	8,294.31		73,989.16

In re: Quick Credit Corporation, Inc.	Case No.	03-13213
	Jointly Administered
SEE vATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		644,615.14
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	644,615.14
		FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Quick Credit Corporation, Inc.
Monthly Court Report for March-07	03-13213	Case No.    03-13213
FED ID# 57-0857420

	Consolidated Totals			WACHOVIA DISBURSEMENT ACCOUNTS		WACHOVIA PAYROLL ACCOUNTS	Operating		Payroll	Other	Total
Beginning Cash Position	—						—		—	—	—
	—								—	—	—
TICO Cash Collected	—						—		—	—	—
SM Cash Collected	1,371,906.26			1,371,906.26			1,371,906.26		—	—	1,371,906.26
TIG Cash Collected	—						—		—	—	—
TPF Cash Collected	—						—		—	—	—
TCL Cash Collected	—						—		—	—	—
Other Income Collected	—						—		—	—	—
SUBTOTAL	1,371,906.26			1,371,906.26		—	1,371,906.26		—	—	1,371,906.26
	—						—		—	—	—
	—						—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(132,030.44	)		(226,697.30	)	94,666.86	(226,697.30	)	94,666.86	—	(132,030.44	)
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
			��
Total Cash Receipts and Transfers	1,239,875.82			1,145,208.96		94,666.86	1,145,208.96		94,666.86	—	1,239,875.82
Cash Disbursements - Loans
Loan Proceeds Checks	949,659.67			949,659.67			949,659.67				949,659.67
Expenses related to Loans	31,296.45			31,296.45			31,296.45				31,296.45
Subtotal - Loans	980,956.12			980,956.12		—	980,956.12		—	—	980,956.12
				—			—				—
				—			—				—
Cash Disbursements - Other				—			—				—
Advertising	7,645.43			7,645.43			7,645.43				7,645.43
Bank Charges	—			—			—		—	—	—
Claims Funding*	16,957.20			16,957.20			16,957.20				16,957.20
Company Auto	—			—			—		—	—	—
Computer Costs	3,510.06			3,510.06			3,510.06		—	—	3,510.06
Dues And Subscriptions	—			—			—		—	—	—
Employee Reimbursements - collections exp	—			—			—		—	—	—
Equipment Rental	—			—			—		—	—	—
Fixed Assets	—			—			—		—	—	—
Forms & Printing	4,892.48			4,892.48			4,892.48		—	—	4,892.48
Insurance	5,296.32			5,296.32			5,296.32		—	—	5,296.32
Meals & Entertainment	37.45			37.45			37.45		—	—	37.45
Miscellaneous	316.66			316.66			316.66		—	—	316.66
Office Expense	415.01			415.01			415.01		—	—	415.01
Postage	5,903.04			5,903.04			5,903.04		—	—	5,903.04
Prepaid Expenses	—			—			—		—	—	—
Prepaid Software ABS	—			—			—		—	—	—
Professional Fees - Ordinary Course	—			—			—		—	—	—
Rent	21,458.65			21,458.65			21,458.65		—	—	21,458.65
Repairs & Maintenance	2,190.61			2,190.61			2,190.61		—	—	2,190.61
Roadgard	—			—			—		—	—	—
Seminars & Meetings	—			—			—		—	—	—
Taxes & Licenses	1,504.24			1,504.24			1,504.24		—	—	1,504.24
Telephone	8,220.00			8,220.00			8,220.00		—	—	8,220.00
Temporary Agency Staff	—			—			—		—	—	—
Travel	—			—			—		—	—	—
Utilities	5,632.44			5,632.44			5,632.44		—	—	5,632.44
Interest to Finova	—			—			—		—	—	—
Payroll Paid TTG	—			—			—		—	—	—
Payroll Paid SMC	94,666.86			—		94,666.86	—		94,666.86	—	94,666.86
Restructuring Officer	—			—			—		—	—	—
Insurance Renewal	—			—			—		—	—	—
Voyager Payment	67,107.42			67,107.42			67,107.42		—	—	67,107.42
Pre-Filing Prepays	—			—			—		—	—	—
Deposit to Lender	—			—			—		—	—	—
US Trustee	—			—			—		—	—	—
Bankruptcy Professionals	—			—			—		—	—	—
Other	13,165.83			13,165.83			13,165.83		—	—	13,165.83
Total Other Cash Disbursements	258,919.70			164,252.84		94,666.86	164,252.84		94,666.86	—	258,919.70
TOTAL ALL CASH DISBURSEMENTS	1,239,875.82			1,145,208.96		94,666.86	1,145,208.96		94,666.86	—	1,239,875.82
	—			—		—	—		—	—	—
Book Balance per bank rec.

In re: Covington Credit of Georgia, Inc.	Case No.	03-13209
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		1,022,701.92
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	1,022,701.92
		FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Covington Credit of GA
Monthly Court Report for April-07	Case #    03-13209	Case No.    03-13209
FED ID# 58-1435012

	Consolidated Totals	Bank of Perry 429068		Flag Financial Corp 0189003751		Capital City 2931314501			WACHOVIA DISBURSEMENT ACCOUNTS	WACHOVIA PAYROLL ACCOUNTS	Operating	Payroll	Other	Total
Beginning Cash Position	48,029.98	11,383.62		21,722.04			14,924.32		—	—	48,029.98	—	—	48,029.98
	—											—	—	—
TICO Cash Collected	—										—	—	—	—
SM Cash Collected	1,110,386.68	71,006.30		157,485.16		$	107,811.60		774,083.62		1,110,386.68	—	—	1,110,386.68
TIG Cash Collected	—										—	—	—	—
TPF Cash Collected	—										—	—	—	—
TCL Cash Collected	—										—	—	—	—
Other Income Collected	—										—	—	—	—
SUBTOTAL	1,110,386.68	71,006.30		157,485.16			107,811.60		774,083.62	—	1,110,386.68	—	—	1,110,386.68
	—										—	—	—	—
	—										—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	291,581.33	(70,739.39	)	(157,696.03	)		(110,331.98	)	539,204.17	91,144.56	200,436.77	91,144.56	—	291,581.33
	—										—	—	—	—
	—										—	—	—	—
	—										—	—	—	—
	—										—	—	—	—
Total Cash Receipts and Transfers	1,401,968.01	266.91		(210.87	)		(2,520.38	)	1,313,287.79	91,144.56	1,310,823.45	91,144.56	—	1,401,968.01
Cash Disbursements - Loans
											—
Loan Proceeds Checks	768,011.61								768,011.61		768,011.61			768,011.61
Expenses related to Loans	35,296.94								35,296.94		35,296.94			35,296.94
Subtotal - Loans	803,308.55	—		—			—		803,308.55	—	803,308.55	—	—	803,308.55
	—										—
	—										—
Cash Disbursements - Other	—										—
Advertising	5,493.57								5,493.57		5,493.57			5,493.57
Bank Charges	—								—		—	—	—	—
Claims Funding*	9,296.41								9,296.41		9,296.41			9,296.41
Company Auto	2,079.95								2,079.95		2,079.95	—	—	2,079.95
Computer Costs	1,916.36								1,916.36		1,916.36	—	—	1,916.36
Dues And Subscriptions	—								—		—	—	—	—
Employee Reimbursements - collections exp	—								—		—	—	—	—
Equipment Rental	—								—		—	—	—	—
Fixed Assets	23,194.96								23,194.96		23,194.96	—	—	23,194.96
Forms & Printing	6,750.71								6,750.71		6,750.71	—	—	6,750.71
Insurance	2,758.44								2,758.44		2,758.44	—	—	2,758.44
Meals & Entertainment	1,388.11								1,388.11		1,388.11	—	—	1,388.11
Miscellaneous	584.99								584.99		584.99	—	—	584.99
Office Expense	483.90								483.90		483.90	—	—	483.90
Postage	4,700.54								4,700.54		4,700.54	—	—	4,700.54
Prepaid Expenses	—								—		—	—	—	—
Prepaid Software ABS	—								—		—	—	—	—
Professional Fees-Ordinary Course	—								—		—	—	—	—
Rent	20,786.15								20,786.15		20,786.15	—	—	20,786.15
Repairs & Maintenance	—										—	—	—	—
Roadgard	40,758.00								40,758.00		40,758.00	—	—	40,758.00
Seminars & Meetings	307.80								307.80		307.80	—	—	307.80
Taxes & Licenses	5,431.14								5,431.14		5,431.14	—	—	5,431.14
Telephone	8,201.90								8,201.90		8,201.90	—	—	8,201.90
Temporary Agency Staff	—								—		—	—	—	—
Travel	1,378.87								1,378.87		1,378.87	—	—	1,378.87
Utilities	5,104.12								5,104.12		5,104.12	—	—	5,104.12
Interest to Finova	—								—		—	—	—	—
Payroll Paid TTG	—								—		—	—	—	—
Payroll Paid SMC	299,272.97								208,128.41	91,144.56	208,128.41	91,144.56	—	299,272.97
Restructuring Officer	—								—		—	—	—	—
Insurance Renewal	—								—		—	—	—	—
Voyager Payment	157,276.79								157,276.79		157,276.79	—	—	157,276.79
Pre-Filing Prepays	—								—		—	—	—	—
Deposit to Lender	—								—		—	—	—	—
US Trustee	—								—		—	—	—	—
Bankruptcy Professionals	—								—		—	—	—	—
Other	3,958.12								3,958.12		3,958.12	—	—	3,958.12
Total Other Cash Disbursements	601,123.80	—		—			—		509,979.24	91,144.56	509,979.24	91,144.56	—	601,123.80
											—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	1,404,432.35	—		—			—		1,313,287.79	91,144.56	1,313,287.79	91,144.56	—	1,404,432.35
	45,565.64	11,650.53		21,511.17			12,403.94		—	—	45,565.64	—	—	45,565.64
Book Balance per bank rec.	45,565.64	11,650.53		21,511.17			12,403.94

In re: Southern Finance of Tennessee, Inc.	Case No.	03-13206
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		1,287,050.77
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	1,287,050.77

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Southern Finance of TN
Monthly Court Report for April-07	Case #    03-13206
FED ID# 62-1618281

	Consoli- dated Totals	Peoples 5003363		Arm- strong Bank 60025670		Arvest Bank 13637871		Arvest Bank 11462307		Arvest Bank 13637884		WACHOVIA DISBUR- SEMENT ACCOUNTS	WACHOVIA PAYROLL ACCOUNTS	AmSouth 50972871	Sun Trust 1000055472699	Sun Trust 1000055473010	Am South 50972898		First Tennessee 103193515		Opera- ting	Payroll
Beginning Cash Position	166,766.11	7,263.05		6,567.74		6,885.32		5,095.86		9,497.27		—	—	—	100.00	100.00	9,017.77		122,239.10		166,766.11	—
	—																				—	—
TICO Cash Collected	—																				—	—
SM Cash Collected	995,482.95	83,717.88		68,235.10		61,071.98		33,185.26		46,579.04		11,693.17		0.00	0.00	0.00	98,386.72		592,613.80		995,482.95	—
TIG Cash Collected	—																				—	—
TPF Cash Collected	—																				—	—
TCL Cash Collected	—																				—	—
Other Income Collected	—																				—	—
SUBTOTAL	995,482.95	83,717.88		68,235.10		61,071.98		33,185.26		46,579.04		11,693.17	—	—	—	—	98,386.72		592,613.80		995,482.95	—
	—																				—	—
	—																				—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	292,743.81	(81,351.15	)	(71,231.96	)	(63,161.52	)	(34,252.97	)	(50,587.97	)	1,212,372.20	62,985.40	—	—	—	(96,560.05	)	(585,468.17	)	229,758.41	62,985.40
	—																				—	—
	—																				—	—
	—																				—	—
	—																				—	—
Total Cash Receipts and Transfers	1,288,226.76	2,366.73		(2,996.86	)	(2,089.54	)	(1,067.71	)	(4,008.93	)	1,224,065.37	62,985.40	—	—	—	1,826.67		7,145.63		1,225,241.36	62,985.40
																					—
Cash Disbursements - Loans																					—
																					—
Loan Proceeds Checks	856,812.01											856,812.01									856,812.01
Expenses related to Loans	33,662.92											33,662.92									33,662.92
Subtotal - Loans	890,474.93	—		—		—		—		—		890,474.93	—	—	—	—	—		—		890,474.93	—
																					—
																					—
Cash Disbursements - Other																					—
Advertising	5,948.01											5,948.01									5,948.01
Bank Charges	—											—									—	—
Claims Funding*	12,095.08											12,095.08									12,095.08
Company Auto	1,563.28											1,563.28									1,563.28	—
Computer Costs	2,184.32											2,184.32									2,184.32	—
Dues And Subscriptions	3,415.00											3,415.00									3,415.00	—
Employee Reimbursements - collections exp	—											—									—	—
Equipment Rental	81.96											81.96									81.96	—
Fixed Assets	35,907.38											35,907.38									35,907.38	—
Forms & Printing	8,886.45											8,886.45									8,886.45	—
Insurance	1,854.88											1,854.88									1,854.88	—
Meals & Entertainment	1,117.87											1,117.87									1,117.87	—
Miscellaneous	893.88											893.88									893.88	—
Office Expense	1,387.67											1,387.67									1,387.67	—
Postage	3,820.41											3,820.41									3,820.41	—
Prepaid Expenses	—											—									—	—
Prepaid Software ABS	—											—									—	—
Professional Fees-Ordinary Course	—											—									—	—
Rent	26,858.43											26,858.43									26,858.43	—
Repairs & Maintenance	3,160.00											3,160.00									3,160.00	—
Roadgard	—											—									—	—
Seminars & Meetings	—											—									—	—
Taxes & Licenses	1,159.57											1,159.57									1,159.57	—
Telephone	9,948.31											9,948.31									9,948.31	—
Temporary Agency Staff	—											—									—	—
Travel	1,780.05											1,780.05									1,780.05	—
Utilities	5,233.93											5,233.93									5,233.93	—
Interest to Finova	—											—									—	—
Payroll Paid TTG	—											—									—	—
Payroll Paid SMC	265,321.24											202,335.84	62,985.40								202,335.84	62,985.40
Restructuring Officer	—											—									—	—
Insurance Renewal	—											—									—	—
Voyager Payment	—											—									—	—
Pre-Filing Prepays	—											—									—	—
Deposit to Lender	—											—									—	—
US Trustee	—											—									—	—
Bankruptcy Professionals	—											—									—	—
Other	3,958.12											3,958.12									3,958.12	—
Total Other Cash Disbursements	396,575.84	—		—		—		—		—		333,590.44	62,985.40	—	—	—	—		—		333,590.44	62,985.40
																					—
TOTAL ALL CASH DISBURSE- MENTS	1,287,050.77	—		—		—		—		—		1,224,065.37	62,985.40	—	—	—	—		—		1,224,065.37	62,985.40
	167,942.10	9,629.78		3,570.88		4,795.78		4,028.15		5,488.34		—	—	—	100.00	100.00	10,844.44		129,384.73		167,942.10	—
Book Balance per bank rec.	167,942.10	9,629.78		3,570.88		4,795.78		4,028.15		5,488.34				—	100.00	100.00	10,844.44		129,384.73

In re: Southern Management Corporation	Case No.	03-13205
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts								Current Month				Cummulative Filing to Date
	Operating		Payroll		Tax		Other		Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		470,580.58
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	470,580.58

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Southern Management Corp
Monthly Court Report for April-07	Case No.    03-13205	Case No.    03-13205
FED ID# 57-0997623

	Consolidated Totals		BB&T DEBIT CARD ACCT	WACHOVIA DEPOSITORY ACCOUNTS	WACHOVIA DISBURSEMENT ACCOUNTS		WACHOVIA PAYROLL ACCOUNTS		Operating		Payroll	Other	Total
Beginning Cash Position	(512,321.00	)	107,177.04	440,133.85	(847,403.16	)	(212,228.73	)	(512,321.00	)	—	—	(512,321.00	)
	—										—	—	—
TICO Cash Collected	—								—		—	—	—
SM Cash Collected	(233,768.99	)	—		(233,768.99	)	—		(233,768.99	)	—	—	(233,768.99	)
TIG Cash Collected	—								—		—	—	—
TPF Cash Collected	—								—		—	—	—
TCL Cash Collected	—								—		—	—	—
Other Income Collected	—		—						—		—	—	—
SUBTOTAL	(233,768.99	)	—	—	(233,768.99	)	—		(233,768.99	)	—	—	(233,768.99	)
	—								—		—	—	—
	—								—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	521,009.92		286.96	7,185.75	291,752.85		221,784.36		299,225.56		221,784.36	—	521,009.92
	—								—		—	—	—
	—								—		—	—	—
	—								—		—	—	—
	—								—		—	—	—
Total Cash Receipts and Transfers	287,240.93		286.96	7,185.75	57,983.86		221,784.36		65,456.57		221,784.36	—	287,240.93
Cash Disbursements - Loans
Loan Proceeds Checks	—								—
Expenses related to Loans	492.42				492.42				492.42				492.42
Subtotal - Loans	492.42		—	—	492.42		—		492.42		—	—	492.42
Cash Disbursements - Other	—								—
Advertising	17,653.37				17,653.37				17,653.37				17,653.37
Bank Charges	15,645.59				15,645.59				15,645.59		—	—	15,645.59
Claims Funding*	2,988.53				2,988.53				2,988.53				2,988.53
Company Auto	4,931.18				4,931.18				4,931.18		—	—	4,931.18
Computer Costs	432.08				432.08				432.08		—	—	432.08
Dues And Subscriptions	2,564.13				2,564.13				2,564.13		—	—	2,564.13
Employee Reimbursements - collections exp	—				—				—		—	—	—
Equipment Rental	3,455.89				3,455.89				3,455.89		—	—	3,455.89
Fixed Assets	7,458.41				7,458.41				7,458.41		—	—	7,458.41
Forms & Printing	823.85				823.85				823.85		—	—	823.85
Insurance	26,611.66				26,611.66				26,611.66		—	—	26,611.66
Meals & Entertainment	3,884.98				3,884.98				3,884.98		—	—	3,884.98
Miscellaneous	565.64				565.64				565.64		—	—	565.64
Office Expense	1,310.24				1,310.24				1,310.24		—	—	1,310.24
Postage	4,199.33				4,199.33				4,199.33		—	—	4,199.33
Prepaid Expenses	—				—				—		—	—	—
Prepaid Software ABS	24,457.75				24,457.75				24,457.75		—	—	24,457.75
Professional Fees-Ordinary Course	14,143.99				14,143.99				14,143.99		—	—	14,143.99
Rent	16,341.60				16,341.60				16,341.60		—	—	16,341.60
Repairs & Maintenance	9,289.61				9,289.61				9,289.61		—	—	9,289.61
Roadgard	—				—				—		—	—	—
Seminars & Meetings	10,055.34				10,055.34				10,055.34		—	—	10,055.34
Taxes & Licenses	514.58				514.58				514.58		—	—	514.58
Telephone	5,858.59				5,858.59				5,858.59		—	—	5,858.59
Temporary Agency Staff	—				—				—		—	—	—
Travel	12,734.56				12,734.56				12,734.56		—	—	12,734.56
Utilities	—				—				—		—	—	—
Interest to Finova	—				—				—		—	—	—
Payroll Paid TTG	—				—				—		—	—	—
Payroll Paid SMC	224,173.48				149,308.63		74,864.85		149,308.63		74,864.85	—	224,173.48
Restructuring Officer	—				—				—		—	—	—
Insurance Renewal	57,095.18				57,095.18				57,095.18		—	—	57,095.18
Voyager Payment	1,674.00				1,674.00				1,674.00		—	—	1,674.00
Pre-Filing Prepays	—				—				—		—	—	—
Deposit to Lender	—				—				—		—	—	—
US Trustee	—				—				—		—	—	—
Bankruptcy Professionals	—				—				—		—	—	—
Other	1,224.60				1,224.60				1,224.60		—	—	1,224.60
Total Other Cash Disbursements	470,088.16		—	—	395,223.31		74,864.85		395,223.31		74,864.85	—	470,088.16
									—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	470,580.58		—	—	395,715.73		74,864.85		395,715.73		74,864.85	—	470,580.58
	(695,660.65	)	107,464.00	447,319.60	(1,185,135.03	)	(65,309.22	)	(842,580.16	)	146,919.51	—	(695,660.65	)
			��
Book Balance per bank rec.	(695,660.65	)	107,464.00	447,319.60	(1,185,135.03	)	(65,309.22	)
			—
				—	—

In re Southern Financial Management, Inc.	Case No.	03-13207
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Operating		Bank Accounts				Other		Current Month				Cummulative Filing to Date
			Payroll		Tax				Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		—
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	0.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Southern Management -Dormant
Monthly Court Report for March-07	Case #    03-13207	Case No.    03-13207
FED ID# 57-1013036

	Consolidated Totals							Operating	Payroll	Other	Total
Beginning Cash Position		—	—	—	—	—		—	—	—	—
	—								—	—	—
TICO Cash Collected	—							—	—	—	—
SM Cash Collected	—							—	—	—	—
TIG Cash Collected	—							—	—	—	—
TPF Cash Collected	—							—	—	—	—
TCL Cash Collected	—							—	—	—	—
Other Income Collected	—							—	—	—	—
SUBTOTAL	—	—	—	—	—	—	—	—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	—							—	—	—	—
								—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
Total Cash Receipts and Transfers		—	—		—	—	—		—	—
Cash Disbursements - Loans
Loan Proceeds Checks
Expenses related to Loans
Subtotal - Loans	—	—	—	—	—	—		—	—	—	—
Cash Disbursements - Other
Advertising
Bank Charges				—				—	—	—	—
Claims Funding*	—			—
Company Auto	—			—				—	—	—	—
Computer Costs								—	—	—	—
Dues And Subscriptions								—	—	—	—
Employee Reimbursements - collections exp								—	—	—	—
Equipment Rental								—	—	—	—
Fixed Assets								—	—	—	—
Forms & Printing								—	—	—	—
Insurance								—	—	—	—
Meals & Entertainment								—	—	—	—
Miscellaneous								—	—	—	—
Office Expense								—	—	—	—
Postage								—	—	—	—
Prepaid Expenses								—	—	—	—
Prepaid Software ABS								—	—	—	—
Professional Fees-Ordinary Course								—	—	—	—
Rent								—	—	—	—
Repairs & Maintenance								—	—	—	—
Roadgard								—	—	—	—
Seminars & Meetings								—	—	—	—
Taxes & Licenses								—	—	—	—
Telephone								—	—	—	—
Temporary Agency Staff								—	—	—	—
Travel								—	—	—	—
Utilities								—	—	—	—
Interest to Finova								—	—	—	—
Payroll Paid TTG								—	—	—	—
Payroll Paid SMC								—	—	—	—
Restructuring Officer								—	—	—	—
Insurance Renewal								—	—	—	—
Voyager Payment								—	—	—	—
Pre-Filing Prepays								—	—	—	—
Deposit to Lender								—	—	—	—
US Trustee								—	—	—	—
Bankruptcy Professionals								—	—	—	—
								—	—	—	—
Total Other Cash Disbursements	—	—	—	—	—	—	—	—	—	—	—
								—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	—	—	—	—	—	—	—	—	—	—	—
	—	—	—	—	—	—	—	—	—	—	—
Book Balance per bank rec.			—	—	—

In re: Covington Credit of Louisiana, Inc.	Case No.	03-13210
	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period	April-07

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statements. The beginning cash should be the ending cash the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Operating		Bank Accounts				Other		Current Month				Cummulative Filing to Date
			Payroll		Tax				Actual		Projected		Actual		Projected
Cash Beginning of Month
Receipts
Cash Sales
Accounts Receivable
Loans and Advances
Sale of Assets
Other (Attach List)
Transfers (From DIP ACCOUNTS)
Total Receipts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Disbursements
Net Payroll
Payroll Taxes
Sales, Use & Other Taxes
Inventory Purchases
Secured/Rental/Leases
Insurance
Administrative
Selling
Other (Attach List)
Owner Draw*
Transfers (To Dip Accounts)
Professional fees
US Trustee Quarterly Fees
Court Costs
Total Disbursements	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Net Cash Flow
(Receipts less Disbursements)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Cash - End of Month	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements		—
Less: Transfers to Debtor in Possession Accounts
Plus: Estate Disbursements made by outside sources (i.e. from escrow accounts)
Total Disbursements for calculating US Trustee Quarterly Fees	$	0.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Southern Management -Lousiana- InActive
Monthly Court Report for March-07	Case #    03-13210	Case No.    03-13210
FED ID# 57-1096371

	Consolidated Totals							Operating	Payroll	Other	Total
Beginning Cash Position	—	—	—	—	—	—		—	—	—	—
	—								—	—	—
TICO Cash Collected	—							—	—	—	—
SM Cash Collected	—							—	—	—	—
TIG Cash Collected	—							—	—	—	—
TPF Cash Collected	—							—	—	—	—
TCL Cash Collected	—							—	—	—	—
Other Income Collected	—							—	—	—	—
SUBTOTAL	—	—	—	—	—	—	—	—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	—							—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
Total Cash Receipts and Transfers
Cash Disbursements - Loans
Loan Proceeds Checks
Expenses related to Loans
Subtotal - Loans	—	—	—	—	—	—		—	—	—	—
Cash Disbursements—Other
Advertising
Bank Charges	—			—				—	—	—	—
Claims Funding*	—			—
Company Auto	—			—				—	—	—	—
Computer Costs	—			—				—	—	—	—
Dues And Subscriptions	—			—				—	—	—	—
Employee Reimbursements - collections exp								—	—	—	—
Equipment Rental								—	—	—	—
Fixed Assets								—	—	—	—
Forms & Printing								—	—	—	—
Insurance								—	—	—	—
Meals & Entertainment								—	—	—	—
Miscellaneous								—	—	—	—
Office Expense								—	—	—	—
Postage								—	—	—	—
Prepaid Expenses								—	—	—	—
Prepaid Software ABS								—	—	—	—
Professional Fees-Ordinary Course								—	—	—	—
Rent								—	—	—	—
Repairs & Maintenance								—	—	—	—
Roadgard								—	—	—	—
Seminars & Meetings								—	—	—	—
Taxes & Licenses								—	—	—	—
Telephone								—	—	—	—
Temporary Agency Staff								—	—	—	—
Travel								—	—	—	—
Utilities								—	—	—	—
Interest to Finova								—	—	—	—
Payroll Paid TTG								—	—	—	—
Payroll Paid SMC								—	—	—	—
Restructuring Officer								—	—	—	—
Insurance Renewal								—	—	—	—
Voyager Payment								—	—	—	—
Pre-Filing Prepays								—	—	—	—
Deposit to Lender								—	—	—	—
US Trustee								—	—	—	—
Bankruptcy Professionals								—	—	—	—
								—	—	—	—
Total Other Cash Disbursements	—	—	—	—	—	—	—	—	—	—	—
								—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	—	—	—	—	—	—	—	—	—	—	—
	—	—	—	—	—	—	—	—	—	—	—
Book Balance per bank rec.			—	—	—

In re: THE THAXTON GROUP	Case No.	03-13182 - 03-13213
	Jointly Administered
SEE ATTACHED FINANCIAL STATEMENTS	Reporting Period	April-07

STATEMENT OF OPERATIONS

(Income Statement)

The Statement of Operations is to be prepared on an accrual basis. The accrual basis of account recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.

REVENUES	Month		Cumulative Filing to Date
Gross Revenues
Less: Returns and Allowances
Net Revenue	$	0.00	$	0.00
COST OF GOODS SOLD
Beginning Inventory
Add: Purchases
Add: Cost of Labor
Add: Other Costs (attach Schedule)
Less: Ending Inventory
Cost of Goods Sold	$	0.00	$	0.00
Gross Profit	$	0.00	$	0.00
OPERATING EXPENSES
Advertising
Auto and Truck Expense
Bad Debts
Contributions
Employee Benefits Program
Insider Compensation*
Insurance
Management Fees/Bonuses
Office Expense
Salaries/Commissions/Fees
Supplies
Taxes-Payroll
Taxes-Real Estate
Taxes-Other
Travel and Entertainment
Utilities
Other (attach schedule)
Total Operating Expenses Before Depreciation	$	0.00	$	0.00
Net Proft(Loss) Before Other Income & Expenses	$	0.00	$	0.00
OTHER INCOME AND EXPENSE
Other Income (attach schedule)
Interest Income
Other Expense (attach schedule)
Net Profit (Loss) Before Reorganization Items	$	0.00	$	0.00
REORGANIZATION ITEMS
Professional Fees
US Trustee Quarterly Fees
Interest Earned on Accumulated Cash from Chapter 11(see continuation sheet)
Gain (Loss) from Sale of Equipment
Other Reorganization Expenses (attach schedule)
Total Reorganization Expenses	$	0.00	$	0.00
Income Taxes
Net Profit (Loss)	$	0.00	$	0.00
*  ”Insider is defined in 11 U.S.C Section 101(31).				Form Mor -2

In re: THE THAXTON GROUP	Case No.	03-13182 - 03-13213
	Jointly Administered
SEE ATTACHED FINANCIAL STATEMENTS	Reporting Period	April-07

STATEMENT OF OPERATIONS - continuation sheet

BREAKDOWN OF OTHER CATEGORY	Month		Cumulative Filing to Date
Other Costs
Total Other Costs	$	0.00	$	0.00
Other Operational Expenses
Total Other Operational Costs	$	0.00	$	0.00
Other Income
Total Other Income	$	0.00	$	0.00
Other Expenses
Total Other Expenses	$	0.00	$	0.00
Other Reorganization Expenses
Total Other Reorganization Expenses	$	0.00	$	0.00

Reorganization Items - Interest Earned on Accumulated Cash from Chapter 11:

Interest earned on cash accumulated during the chapter 1 case, which would not have been earned but for the bankruptcy proceeding, should be reported as a reorganization item.

Form Mor-2 (Con’t)

The Thaxton Group

MTD Income Statement

4/30/2007

	Premium Finance	Commercial Lending	Insurance Group	Southern		Corporate		Eliminations	Total Continuing Ops.				Discontinued TICO		Total Company
Net Interest Income
Interest Income	—	—	—	3,439,000		—		—	3,439,000		69.8	%	—		3,439,000		69.6	%
I/B Income	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Fee Income	—	—	—	555,698		—		—	555,698		11.3	%	—		555,698		11.2	%
Late Charges	—	—	—	305,429		—		—	305,429		6.2	%	—		305,429		6.2	%
Total Interest Income	—	—	—	4,300,127		—		—	4,300,127		87.3	%	—		4,300,127		87.0	%
Interest Expense	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Net Interest Income	—	—	—	4,300,127		—		—	4,300,127		87.3	%	—		4,300,127		87.0	%
Provision for Loan Losses
P&L Recoveries	—	—	—	(55,057	)	—		—	(55,057	)	-1.1	%	(1,339	)	(56,395	)	-1.1	%
Reserves	—	—	—	(48,697	)	—		—	(48,697	)	-1.0	%	—		(48,697	)	-1.0	%
Cash	—	—	—	820,287		—		—	820,287		16.7	%	—		820,287		16.6	%
Total Provision	—	—	—	716,533		—		—	716,533		14.5	%	(1,339	)	715,194		14.5	%
Net Interest included Provision	—	—	—	3,583,594		—		—	3,583,594				1,339		3,584,933
Revenues
Premiums on Loans Sold	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Insurance Premiums	—	—	—	508,660		—		—	508,660		10.3	%	—		508,660		10.3	%
Insurance Commissions	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Earned Insurance	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Processing Fees	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Other Fees	—	—	—	26,386		—		—	26,386		0.5	%	—		26,386		0.5	%
Other Income	—	—	—	46,809		43,902		—	90,711		1.8	%	18,731		109,443		2.2	%
Total Direct Income	—	—	—	581,854		43,902		—	625,757		12.7	%	18,731		644,488		13.0	%
Total Revenue	—	—	—	4,881,981		43,902		—	4,925,884		100.0	%	18,731		4,944,615		100.0	%
Expenses
Personnel
Salaries & Wages	—	—	—	1,411,356		12,578		—	1,423,934		28.9	%	—		1,423,934		28.8	%
Commissions/Bonus	—	—	—	487,527		—		—	487,527		9.9	%	—		487,527		9.9	%
Benefits	—	—	—	223,149		3,196		—	226,345		4.6	%	—		226,345		4.6	%
Taxes	—	—	—	150,529		959		—	151,488		3.1	%	—		151,488		3.1	%
Other	—	—	—	11,503		—		—	11,503		0.2	%	—		11,503		0.2	%
Total Personnel	—	—	—	2,284,064		16,733		—	2,300,798		46.7	%	—		2,300,798		46.5	%
Building
Rent	—	—	—	208,217		825		—	209,042		4.2	%	—		209,042		4.2	%
Utilities	—	—	—	41,427		465		—	41,891		0.9	%	—		41,891		0.8	%
Depreciation	—	—	—	57,177		—		—	57,177		1.2	%	—		57,177		1.2	%
Other	—	—	—	14,477		—		—	14,477		0.3	%	—		14,477		0.3	%
Total Building	—	—	—	321,299		1,290		—	322,589		6.5	%	—		322,589		6.5	%
Telecommunications
Telephone	—	—	—	77,498		(371	)	—	77,127		1.6	%	(6,114	)	71,013		1.4	%
Computers	—	—	—	48,911		3,306		—	52,217		1.1	%	—		52,217		1.1	%
Office Expense	—	—	—	132,883		—		—	132,883		2.7	%	—		132,883		2.7	%
Other	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Total Telecommunications	—	—	—	259,292		2,935		—	262,227		5.3	%	(6,114	)	256,113		5.2	%
Advertising	—	—	—	172,640		—		—	172,640		3.5	%	—		172,640		3.5	%
Reinsurance Claims Expense	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Reinsurance Commission Exp	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Professional Fees	—	—	—	31,911		34,531		—	66,442		1.3	%	—		66,442		1.3	%
Collection Expense	—	—	—	3,282		—		—	3,282		0.1	%	120		3,402		0.1	%
Travel	—	—	—	98,778		—		—	98,778		2.0	%	—		98,778		2.0	%
Office Expense	—	—	—	—		925		—	925		0.0	%	—		925		0.0	%
Entertainment	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Amortization	—	—	—	5,819		—		—	5,819		0.1	%	—		5,819		0.1	%
Taxes & Licenses	—	—	—	25,842		821		—	26,662		0.5	%	—		26,662		0.5	%
Other	—	—	—	54,195		284,984		—	339,179		6.9	%	6,250		345,429		7.0	%
Total Other Expense	—	—	—	85,856		286,729		—	372,585		7.6	%	6,250		378,835		7.7	%
Total Direct Expense	—	—	—	3,973,656		342,218		—	4,315,874		87.6	%	(1,083	)	4,314,791		87.3	%
Allocated Expense	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Net Income Before Taxes	—	—	—	908,325		(298,316	)	—	610,010		12.4	%	19,815		629,824		12.7	%
Income Tax (34%)	—	—	—	353,339		—		—	353,339		7.2	%	—		353,339		7.1	%
Net Income	—	—	—	554,987		(298,316	)	—	256,671		5.2	%	19,815		276,486		5.6	%

The Thaxton Group

YTD Income Statement

For Period October 17, 2003 thru April 30, 2007

	Premium		Commercial		Insurance								Total					Discontinued Ops		Total
	Finance		Lending		Group		Southern		Corporate			Eliminations	Continuing Ops.					TICO		Company
Net Interest Income
Interest Income	365,619		12,926		—		137,265,986		36			—	137,644,567		67.1	%		10,166,085		147,810,652		71.1	%
I/B Income	—		—		—		—		—			—	—		0.0	%		3,675,403		3,675,403		1.8	%
Fee Income	226,383		105,384		—		19,152,166		—			—	19,483,933		9.5	%		51,566		19,535,499		9.4	%
Late Charges	149,281		—		—		11,883,384		—			—	12,032,665		5.9	%		1,064,348		13,097,013		6.3	%
Total Interest Income	741,283		118,310		—		168,301,536		36			—	169,161,165		82.4	%		14,957,402		184,118,567		88.6	%
Interest Expense	113,794		52,912		0		6,815,753		6,945,084			—	13,927,543		6.8	%		3,252,426		17,179,969		8.3	%
Net Interest Income	627,489		65,398		(0	)	161,485,783		(6,945,048	)		—	155,233,623		75.6	%		11,704,976		166,938,598		80.3	%
Provision for Loan Losses
P&L Recoveries	(9,385	)	(110	)	—		(2,205,674	)	(134,830	)		—	(2,350,000	)	-1.1	%		(2,297,236	)	(4,647,236	)	-2.2	%
Reserves	—		(20,000	)	—		2,948,131		—			—	2,928,131		1.4	%		(7,657,559	)	(4,729,427	)	-2.3	%
Cash	557,239		64,134		4,612		40,699,715		7,396,688			—	48,722,387		23.7	%		21,376,202		70,098,590		33.7	%
Total Provision	547,854		44,024		4,612		41,442,172		7,261,857			—	49,300,519		24.0	%		11,421,408		60,721,927		29.2	%
Net Interest included Provision	79,635		21,375		(4,612	)	120,043,611		(14,206,905	)		—	105,933,104					283,568		106,216,672
Revenues
Premiums on Loans Sold	—		—		—		—		—			—	—		0.0	%		—		—		0.0	%
Insurance Premiums	—		—		—		20,382,441		—			—	20,382,441		9.9	%		7,311,070		27,693,511		13.3	%
Insurance Commissions	—		—		3,223,179		(1,037,744	)	—			—	2,185,435		1.1	%		69,787		2,255,222		1.1	%
Earned Insurance	—		—		—		—		—			—	—		0.0	%		387,835		387,835		0.2	%
Processing Fees	—		—		—		—		—			—	—		0.0	%		—		—		0.0	%
Other Fees	—		—		896		1,273,266		—			—	1,274,162		0.6	%		—		1,274,162		0.6	%
Other Income	171,288		256,832		2,042,382		3,237,330		6,515,256			—	12,223,088		6.0	%		(20,141,943	)	(7,918,855	)	-3.8	%
Total Direct Income	171,288		256,832		5,266,457		23,855,293		6,515,256			—	36,065,126		17.6	%		(12,373,251	)	23,691,875		11.4	%
Total Revenue	912,570		375,142		5,266,457		192,156,830		6,515,293			—	205,226,291		100.0	%		2,584,151		207,810,442		100.0	%
Expenses
Personnel
Salaries & Wages	86,164		172,532		1,557,993		56,006,428		2,947,819		��	—	60,770,935		29.6	%		5,103,807		65,874,743		31.7	%
Commissions/Bonus	—		58,213		366,715		10,780,167		302,445			—	11,507,539		5.6	%		481,502		11,989,040		5.8	%
Benefits	6,989		12,842		142,412		6,889,424		120,246			—	7,171,913		3.5	%		451,031		7,622,944		3.7	%
Taxes	6,914		15,553		159,820		5,961,050		212,839			—	6,356,177		3.1	%		575,970		6,932,147		3.3	%
Other	—		—		66,338		310,776		83,006			—	460,120		0.2	%		126,684		586,804		0.3	%
Total Personnel	100,067		259,140		2,293,278		79,947,844		3,666,354			—	86,266,684		42.0	%		6,738,994		93,005,678		44.8	%
Building
Rent	392		9,889		184,677		7,851,375		297,015			—	8,343,348		4.1	%		880,504		9,223,852		4.4	%
Utilities	—		216		40,071		1,799,640		53,696			—	1,893,622		0.9	%		152,662		2,046,284		1.0	%
Depreciation	40,494		2,445		84,488		2,678,769		421,566			—	3,227,762		1.6	%		630,151		3,857,913		1.9	%
Other	428		257		—		561,953		12,079			—	574,716		0.3	%		107,514		682,230		0.3	%
Total Building	41,314		12,806		309,236		12,891,737		784,356			—	14,039,449		6.8	%		1,770,830		15,810,279		7.6	%
Telecommunications
Telephone	6,010		6,411		89,222		3,554,853		189,830			—	3,846,325		1.9	%		384,636		4,230,962		2.0	%
Computers	27,156		3,315		80,347		1,658,860		363,562			—	2,133,239		1.0	%		379,889		2,513,128		1.2	%
Office Expense	866		415		16,583		734,711		25,309			—	777,885		0.4	%		90,206		868,091		0.4	%
Other	—		—		(551	)	—		—			—	(551	)	0.0	%	��	700		149		0.0	%
Total Telecommunications	34,032		10,141		185,601		5,948,424		578,701			—	6,756,898		3.3	%		855,431		7,612,329		3.7	%
Advertising	—		113		43,816		5,721,836		4,720			—	5,770,485		2.8	%		163,736		5,934,220		2.9	%
Reinsurance Claims Expense	—		—		—		1,267,957		—			—	1,267,957		0.6	%		1,580,370		2,848,327		1.4	%
Reinsurance Commission Exp	—		—		—		—		—			—	—		0.0	%		418,033		418,033		0.2	%
Professional Fees	2,386		9,408		36,482		955,630		49,192,896			—	50,196,802		24.5	%		101,430		50,298,233		24.2	%
Collection Expense	1,860		51		—		91,037		—			—	92,948		0.0	%		633,804		726,751		0.3	%
Travel	—		6,620		24,540		3,942,765		128,493			—	4,102,419		2.0	%		207,618		4,310,037		2.1	%
Office Expense	23,071		3,158		52,550		4,386,073		273,750			—	4,738,601		2.3	%		480,794		5,219,394		2.5	%
Entertainment	—		68		—		118,153		35			—	118,256		0.1	%		126		118,382		0.1	%
Amortization	—		—		101,806		453,109		—			—	554,915		0.3	%		12,568,082		13,122,996		6.3	%
Taxes & Licenses	5,636		3,405		20,599		1,085,691		105,459			—	1,220,790		0.6	%		203,609		1,424,399		0.7	%
Other	1,326		29,298		567,361		3,004,685		473,770			—	4,076,440		2.0	%		2,311,932		6,388,372		3.1	%
Total Other Expense	30,033		35,930		742,315		9,047,710		853,014			—	10,709,002		5.2	%		15,564,542		26,273,544		12.6	%
Total Direct Expense	871,340		431,143		3,639,880		168,072,865		69,415,476			—	242,430,705		118.1	%		42,708,623		285,139,327		137.2	%
Allocated Expense	—		—		15,097		21,858		(79,452	)		—	(42,497	)	0.0	%		42,497		0		0.0	%
Net Income Before Taxes	41,231		(56,002	)	1,611,480		24,062,106		(62,820,732	)		—	(37,161,917	)	-18.1	%		(40,166,968	)	(77,328,885	)	-37.2	%
Income Tax (34%)	—		—		66,684		9,262,808		5,481,666			—	14,811,158		7.2	%		(10,708,208	)	4,102,951		2.0	%
Net Income	41,231		(56,002	)	1,544,796		14,799,298		(68,302,398	)		—	(51,973,075	)	-25.3	%		(29,458,761	)	(81,431,836	)	-39.2	%

In re: THE THAXTON GROUP	Case No.	03-13182 -03-13213
	Jointly Administered
SEE ATTACHED FINANCIAL STATEMENTS	Reporting Period	April-07

BALANCE SHEET

The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.

	Book Value at End of Current Reporting Month		Book Value on Petition Date
ASSETS
Current Assets
Unrestricted Cash and Equivalents
Restricted Cash and Cash Equivalents (see continuation sheet)
Accounts Receivable (Net)
Notes Receivable
Inventories
Prepaid Expenses
Professional Retainers
Other Current Assets (attach schedule)
Total Current Assets	$	0.00	$	0.00
Property and Equipment
Real Property and Improvements
Machinery and Equipment
Furniture, Fixtures and Office Equipment
Leasehold Improvements
Vehicles
Less Accumulated Depreciation
Total Property and Equipment	$	0.00	$	0.00
Other Assets
Loans to Insiders*
Other Assets (attach schedule)
Total Other Assets	$	0.00	$	0.00
TOTAL ASSETS	$	0.00	$	0.00
	Book Value at End of Current Reporting Month		Book Value on Petition Date
LIABILITIES AND OWNER EQUITY
LIABILITIES NOT SUBJECT TO COMPROMISE (Postpetition)
Accounts Payable
Taxes Payable (refer to Form Mor-4)
Wages Payable
Notes Payable
Rent /Leases- Building/Equipment
Secured Debt/Adequate Protection Payments
Professional Fees
Amount Due to Insiders*
Other Postpetition Liabilities (attach schedule)
Total Postpetition Liabilities	$	0.00	$	0.00
LIABILITIES SUBJECT TO COMPROMISE (Pre-petition)
Secured Debt
Priority Debt
Unsecured Debt
Total Pre-petition Liabilities	$	0.00	$	0.00
TOTAL LIABILITIES	$	0.00	$	0.00
Owner Equity
Capital Stock
Additional Paid-In Capital
Partners’ Capital Account
Owner’s Equity Account
Retained Earnings - Pre-Petition
Retained Earnings - Post-Petition
Adjustments to Owner Equity (attach schedule)
Postpetition Contributions (Distributions) (Draws) (attach schedule)
NET OWNER EQUITY	$	0.00	$	0.00
TOTAL LIABILITIES AND OWNERS’ EQUITY	$	0.00	$	0.00

*  ”Insider is defined in 11 U.S.C Section 101(31). Form Mor - 3

In re: THE THAXTON GROUP	Case No.	03-13182 -03-13213
	Jointly Administered
SEE ATTACHED FINANCIAL STATEMENTS	Reporting Period	April-07

BALANCE SHEET

The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.

	Book Value at End of Current Reporting Month		Book Value on Petition Date
ASSETS
Other Current Assets
Total Other Current Assets	$	0.00	$	0.00
Other Assets
Total Other Assets	$	0.00	$	0.00
	Book Value at End of Current Reporting Month		Book Value on Petition Date
LIABILITIES AND OWNER EQUITY
Other Postpetition Liabilities
Total Other Postpetition Liabilities	$	0.00	$	0.00
Adjustments to Owner Equity
Total Adjustments to Owner Equity	$	0.00	$	0.00
Postpetition Contributions (Distributions) (Draws)
Total Postpetition Contributions (Distributions) (Draws)	$	0.00	$	0.00

Restricted Cash: cash that is restricted for a specific use and not available to fund operations. Typically, restricted cash is segregated into a separate account, such as an escrow account.

Form Mor - 3 (Con’t)

The Thaxton Group

Balance Sheet

10/17/2003

																	NONE BANKRUPTCY
	Premium Finance		Commercial Lending		Insurance Group		Southern		Corporate		Corporate Eliminations		TICO		Total		Reinsurance		Total Company
Assets
Cash	(371,234	)	(37,104	)	(116,373	)	1,398,695		21,369,308		—		(953,205	)	21,290,087		—		21,290,087
Investments/Restricted Cash	—		—		—		—		12,107,856		—		—		12,107,856		—		12,107,856
Finance Receivables, GROSS	4,190,018		1,474,512		—		77,545,790		—		—		134,271,101		217,481,421		—		217,481,421
Loans Held for Sale	—		—		—		—		—		—		—		—		—		—
Deferred Loan Cost, NET	—		—		—		—		—		—		2,362,384		2,362,384		—		2,362,384
Unearned Interest	(121,109	)	—		—		(13,237,418	)	—		—		(16,526,612	)	(29,885,139	)	—		(29,885,139	)
Loss Reserve	(300,000	)	(200,000	)	—		(5,317,281	)	(25,000	)	—		(7,747,043	)	(13,589,324	)	—		(13,589,324	)
Unearned Insurance	—		—		—		(2,906,735	)	—		—		(742,857	)	(3,649,592	)	(5,332,163	)	(8,981,755	)
Dealer Holdback	—		—		—		—		—		—		(2,225,806	)	(2,225,806	)	—		(2,225,806	)
Premises and Equipment, GROSS	206,231		71,891		1,154,498		6,841,533		1,111,796		—		4,888,186		14,274,134		—		14,274,134
Accumulated Depreciation	(165,736	)	(68,396	)	(974,034	)	(4,162,508	)	(580,712	)	—		(3,647,530	)	(9,598,916	)	—		(9,598,916	)
Accounts Receivable	—		—		163,208		399,412		4,347		—		35,193		602,160		—		602,160
Repossessed Automobiles	—		—		—		—		—		—		404,107		404,107		—		404,107
Intercompany Balance	(3,042,529	)	(964,230	)	(6,423,721	)	(49,993,378	)	193,510,864		(6,248,675	)	(140,136,058	)	(13,297,726	)	13,297,726		0
Goodwill	348,938		—		353,379		17,749,087		—		—		13,499,015		31,950,419		—		31,950,419
Other Intangible Assets	—		—		2,030,601		2,979		—		—		—		2,033,580		—		2,033,580
Accumulated Amortization	(220,994	)	—		(1,153,028	)	—		—		—		(1,047,922	)	(2,421,944	)	—		(2,421,944	)
Memo Assets	—		—		—		—		—		—		—		—		—		—
Investment In Subsidiary	—		—		—		—		12,060,920		(12,060,920	)	—		—		—		—
Other Assets	7,718		4,977		233,732		1,751,338		3,111,348		—		529,260		5,638,374		1,432,748		7,071,122
Total Assets	531,303		281,650		(4,731,738	)	30,071,515		242,670,728		(18,309,595	)	(17,037,787	)	233,476,076		9,398,311		242,874,387
Liabilities & Stockholders’ Equity
Liabilities
Accrued Interest Payable	—		—		1,510		—		2,474,901		—		—		2,476,411		—		2,476,411
Notes Payable	—		—		—		—		110,000,000		—		—		110,000,000		—		110,000,000
Subordinated Notes Payable	—		—		67,738		—		122,845,473		—		—		122,913,211		—		122,913,211
Accounts Payable	59,727		9,007		103,518		1,838,520		165,486		—		155,723		2,331,980		7,904		2,339,884
Employee Savings	—		—		—		—		1,060,128		—		—		1,060,128		—		1,060,128
Income Taxes Payable	17,275		23,343		3,090		1,021,349		(4,483,140	)	—		(3,496,515	)	(6,914,597	)	—		(6,914,597	)
Other Liabilities	53,245		131,135		(501	)	2,998,721		404,568		—		480,499		4,067,667		1,040,409		5,108,076
Total Liabilities	130,247		163,485		175,355		5,858,590		232,467,416		—		(2,860,294	)	235,934,799		1,048,313		236,983,112
Stockholders’ Equity
Preferred Stock	—		—		408,332		—		8,804		(408,332	)	—		8,804		—		8,804
Common Stock	25,000		—		400		(2,374,859	)	68,671		2,349,459		—		68,670		—		68,670
Additional Paid in Capital	751,000		—		800,000		1,768,685		8,835,246		(3,319,685	)	—		8,835,246		—		8,835,246
Dividends	—		—		(1,100	)	(1,078,197	)	(443,873	)	1,079,297		—		(443,873	)	—		(443,873	)
Retained Earnings	(403,733	)	79,261		(6,190,240	)	24,195,048		2,280,943		(18,010,334	)	(7,252,037	)	(5,301,092	)	7,252,037		1,950,945
Equity in Subsidiary	—		—		—		—		—		—		—		—		—		—
Current Year Income (Loss)	28,789		38,904		75,515		1,702,249		(546,480	)	—		(6,925,457	)	(5,626,479	)	1,097,961		(4,528,518	)
Total Stockholders’ Equity	401,056		118,165		(4,907,093	)	24,212,925		10,203,312		(18,309,595	)	(14,177,493	)	(2,458,723	)	8,349,998		5,891,275
Total Liabilities & Stockholders’ Equity	531,303		281,650		(4,731,738	)	30,071,515		242,670,728		(18,309,595	)	(17,037,787	)	233,476,076		9,398,311		242,874,387

The Thaxton Group

Balance Sheet

4/30/2007

	Premium Finance		Commercial Lending	Insurance Group		Southern		Corporate		Corporate Eliminations		Total Continuing Ops		Discontinued Operations TICO Reinsurance			Total Disc. Ops		Total Company
Assets
Cash/Investments	—		—	—		1,373,431		10,282,021		—		11,655,452		(52	)	—	(52	)	11,655,400
Restricted Cash	—		—	—		—		—		—		—		—		—	—		—
Finance Receivables, GROSS	—		—	—		78,613,965		—		—		78,613,965		—		—	—		78,613,965
Loans Held for Sale	—		—	—		—		—		—		—		—		—	—		—
Deferred Loan Cost, NET	—		—	—		437,009		—		—		437,009		—		—	—		437,009
Unearned Interest	—		—	—		(14,211,860	)	—		—		(14,211,860	)	—		—	—		(14,211,860	)
Loss Reserve	—		—	—		(8,542,526	)	—		—		(8,542,526	)	—		—	—		(8,542,526	)
Unearned Insurance	—		—	—		(969,324	)	—		—		(969,324	)	(101,947	)	—	(101,947	)	(1,071,271	)
Dealer Holdback	—		—	—		—		—		—		—		—		—	—		—
Premises and Equipment, GROSS	—		—	—		6,360,884		—		—		6,360,884		—		—	—		6,360,884
Accumulated Depreciation	—		—	—		(4,812,557	)	—		—		(4,812,557	)	—		—	—		(4,812,557	)
Accounts Receivable	73,260		—	(102	)	69,680		6,633		—		149,472		60,839		—	60,839		210,310
Repossessed Automobiles	—		—	—		—		—		—		—		38,215		—	38,215		38,215
Intercompany Balance	730,836		57,761	(3,410,817	)	(37,934,191	)	79,750,986		(6,248,675	)	32,945,901		(46,243,627	)	13,297,726	(32,945,900	)	0
Goodwill	—		—	—		17,956,947		—		—		17,956,947		—		—	—		17,956,947
Other Intangible Assets	—		—	—		—		—		—		—		—		—	—		—
Accumulated Amortization	—		—	—		(95,365	)	—		—		(95,365	)	—		—	—		(95,365	)
Memo Assets	—		—	—		—		—		—		—		—		—	—		—
Investment In Subsidiary	—		—	—		—		12,160,920		(12,160,920	)	—		—		—	—		—
DAC Commissions	—		—	—		—		—		—		—		—		—	—		—
Prepaid Assets	—		—	—		630,545		12,843		—		643,388		—		—	—		643,388
Other Assets	—		—	—		1,162,038		127,329		—		1,289,366		111		—	111		1,289,478
Total Assets	804,097		57,761	(3,410,919	)	40,038,676		102,340,732		(18,409,595	)	121,420,751		(46,246,461	)	13,297,726	(32,948,734	)	88,472,017
Liabilities & Stockholders’ Equity
Liabilities
Accrued Interest Payable	—		—	1,510		—		8,526,838		—		8,528,348		25,877		—	25,877		8,554,225
Notes Payable	—		—	67,738		—		34,841,493		—		34,909,231		—		—	—		34,909,231
Subordinated Notes Payable	—		—	—		—		94,539,736		—		94,539,736		1,517,097		—	1,517,097		96,056,834
Accounts Payable	4,236		1,509	13,541		634,419		58,244		—		711,949		16,003		—	16,003		727,952
Employee Savings	—		—	—		—		852,555		—		852,555		—		—	—		852,555
Income Taxes Payable	—		—	—		(1,207,491	)	2,955,716		—		1,748,225		—		—	—		1,748,225
Claims Reserves	—		—	—		—		—		—		—		—		—	—		—
Accrued Liabilities - Other	—		—	—		1,921,972		4,064,844		—		5,986,816		152,461		—	152,461		6,139,277
Other Liabilities	296,177		—	—		35,312		16,589,802		—		16,921,291		1,723		—	1,723		16,923,014
Total Liabilities	300,413		1,509	82,789		1,384,212		162,429,229		—		164,198,152		1,713,162		—	1,713,162		165,911,314
Stockholders’ Equity
Preferred Stock	—		—	408,332		—		8,804		(408,332	)	8,804		—		—	—		8,804
Common Stock	25,000		—	400		(5,452,606	)	68,674		5,417,206		58,674		—		—	—		58,674
Additional Paid in Capital	851,000		—	800,000		2,591,277		8,835,345		(4,232,377	)	8,845,245		—		—	—		8,845,245
Dividends	—		—	—		—		(443,873	)	1,100		(442,773	)	—		—	—		(442,773	)
Retained Earnings	(372,316	)	56,252	(4,702,440	)	38,414,136		(70,198,164	)	(19,187,192	)	(55,989,724	)	(47,978,705	)	13,297,726	(34,680,979	)	(90,670,703	)
Equity in Subsidiary	—		—	—		—		—		—		—		—		—	—		—
Current Year Income (Loss)	—		—	—		3,101,657		1,640,716		—		4,742,373		19,083		—	19,083		4,761,456
Total Stockholders’ Equity	503,684		56,252	(3,493,708	)	38,654,464		(60,088,497	)	(18,409,595	)	(42,777,401	)	(47,959,622	)	13,297,726	(34,661,896	)	(77,439,297	)
Total Liabilities & Stockholders’ Equity	804,097		57,761	(3,410,919	)	40,038,676		102,340,731		(18,409,595	)	121,420,751		(46,246,460	)	13,297,726	(32,948,734	)	88,472,017

In re: THE THAXTON GROUP	Case No.	03-13182 - 03-13213
	Jointly Administered
	Reporting Period	April 30, 2007

STATUS OF POSTPETITION TAXES

The beginning tax liability should be the ending liability from the prior mongh or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attach photocopies of any tax returns filed during the report in period.

	Beginning		Amount							Ending
	Tax		Withheld or		Amount		Date		Check No.	Tax
	Liability		Accrued		Paid		Paid		or EFT	Liability
Federal*
Withholding		0	$	105,742.11	$	105,742.11		Bi-Weekly	EFT		0
FICA-Employee		0	$	131,153.66	$	131,153.66		Bi-Weekly	EFT		0
FICA-Employer		0	$	131,153.66	$	131,153.66		Bi-Weekly	EFT		0
Unemployment		0	$	4,910.34	$	4,910.34		Bi-Weekly	EFT		0
Income		0
Other:		0
Corp Taxes
Total Federal Taxes	$	0.00	$	372,959.78	$	372,959.78	$	0.00		$	0.00
State and Local
Withholding		0	$	2,714.26	$	2,714.26		Bi-Weekly			0
Sales		0	$	—				None
Excise		0						N/A
Unemployment		0	$	35.18	$	35.18		Bi-Weekly			0
Real Property		0	$	1,262.94	$	1,262.94
Personal Property		0		1,795.72	$	1,795.72
Other:		0		25,769.68	$	25,769.68					0
Total State and Local Taxes	$	0.00	$	31,577.78	$	31,577.78	$	0.00		$	0.00
TOTAL TAXES			$	404,537.56	$	404,537.56				$	0.00

All payroll taxes debited from payroll account by ADP and remitted by ADP

SUMMARY OF UNPAID POSTPETITION DEBTS

Attach Aged listing of Accounts Payable

	Number of Days Past Due
	Current		0-30		31-60		61-90		over 90		Total
Accounts Payable		0		0								0
Wages Payable - Accrued		0		0								0
Taxes Payable-Accrued		0		0								0
Rent/Leases-Building		0										0
Secured Debt/Adequate Protection Payments		0										0
Professional Fees		0										0
Amounts Due to Insiders*		0										0
Other:		0										0
Other:		0										0
Other:		0										0
Total Postpetition Debts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

Explain how and when the Debtor intends to pay any past-due postpetition debts.

_______________________________________________________________________________________________________

_______________________________________________________________________________________________________

_______________________________________________________________________________________________________

_______________________________________________________________________________________________________

_______________________________________________________________________________________________________

_______________________________________________________________________________________________________

_______________________________________________________________________________________________________

_______________________________________________________________________________________________________

*  ”Insider is defined in 11 U.S.C Section 101(31). Form Mor - 4

THE THAXTON GROUP
Cash Disbursements for Consolidated Payroll Account - THE THAXTON GROUP
Wachovia 2000014825402	April-07
Monthly Court Report for

	Consolidated Totals		TICO-HQ	CORPORATE
Beginning Cash Position	0.00		0.00	0.00
	0.00
	0.00
	0.00
	0.00
SUBTOTAL	0.00		0.00	0.00
	0.00
GENERAL LEDGER DEPOSITS AND TRANSFERS	15,165.11		7,019.07	8,146.04
Outstanding Checks - Adjustment	0.00
	0.00
	0.00
	0.00
	0.00
					��
Total Cash Receipts and Transfers	15,165.11		7,019.07	8,146.04
Cash Disbursements
Advertising	0.00
Bank Charges	0.00		0.00	0.00
Claims Funding*	0.00		0.00	0.00
Company Auto	0.00		0.00	0.00
Computer Costs	0.00
Dues And Subscriptions	0.00
Employee Reimbursements - collections exp	0.00		0.00	0.00
Equipment Rental	0.00		0.00	0.00
Fixed Assets	0.00		0.00	0.00
Forms & Printing	0.00		0.00	0.00
Insurance	0.00
Meals & Entertainment	0.00		0.00	0.00
Miscellaneous	0.00		0.00	0.00
Office Expense	0.00
Postage	0.00
Prepaid Expenses	0.00		0.00	0.00
Prepaid Software ABS	0.00		0.00	0.00
Professional Fees-Ordinary Course	0.00
Rent	0.00
Repairs & Maintenance	0.00		0.00	0.00
Roadgard	0.00		0.00	0.00
Seminars & Meetings	0.00		0.00	0.00
Taxes & Licenses	0.00		0.00	0.00
Telephone	0.00
Temporary Agency Staff	0.00
Travel	0.00
Utilities	0.00
Interest to Finova	0.00
Payroll Paid TTG	16,129.87		7,019.07	9,110.80
Employee Witholding of Insurance/etc	(964.76	)		(964.76	)
Restructuring Officer	0.00
Insurance Renewal	0.00
Voyager Payment	0.00
Pre-Filing Prepays	0.00
Deposit to Lender	0.00
US Trustee	0.00
Bankruptcy Professionals	0.00
Other	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	15,165.11		7,019.07	8,146.04
	0.00		0.00	0.00
				0.00

PAYROLL - THE THAXTON GROUP

	Period Ending 4/13/2007			Period Ending 4/27/2007			Period Ending		Total
Corporate
Salary expense	$	4,173.85		$	4,173.85				$	8,347.70
FICA/FUTA/SUTA	$	318.55		$	318.55				$	637.10
401(k) match	$	63.00		$	63.00				$	126.00
Overtime	$	—		$	—				$	—
Bonus	$	—		$	—				$	—
Total	$	4,555.40		$	4,555.40		$	—	$	9,110.80
Tico Premium
Salary expense	$	—		$	—		$	—	$	—
FICA/FUTA/SUTA	$	—		$	—		$	—	$	—
401(k) match	$	—		$	—		$	—	$	—
Total	$	—		$	—		$	—	$	—
									$	—
Commercial Lending
Salary expense	$	—		$	—		$	—	$	—
FICA/FUTA/SUTA	$	—		$	—		$	—	$	—
401(k) match	$	—		$	—		$	—	$	—
Commissions	$	—		$	—				$	—
Total	$	—		$	—		$	—	$	—
Thaxton Insurance Group
Salary expense	$	—		$	—				$	—
FICA/FUTA/SUTA	$	—		$	—				$	—
401(k) match	$	—		$	—				$	—
Overtime	$	—		$	—				$	—
Commissions	$	—		$	—				$	—
Bonus	$	—		$	—				$	—
Total	$	—		$	—		$	—	$	—
Tico
Salary expense	$	2,115.38		$	2,115.38				$	4,230.76
FICA/FUTA/SUTA	$	160.85		$	160.85				$	321.70
401(k) match	$	63.46		$	63.46				$	126.92
Overtime	$	—		$	—				$	—
Commissions	$	—		$	—				$	—
Bonus	$	—		$	—		$	—	$	—
Total	$	2,339.69		$	2,339.69		$	—	$	4,679.38
Period Total	$	6,895.09		$	6,895.09		$	—	$	13,790.18
401(k) payable	$	(444.69	)	$	(444.69	)			$	(889.38	)
Payable to reimbursement	$	—		$	—				$	—
Dental insurance	$	—		$	—				$	—
Cancer insurance	$	—		$	—				$	—
Life insurance	$	(4.76	)	$	(4.76	)			$	(9.52	)
Contingent health liability	$	(32.93	)	$	(32.93	)			$	(65.86	)
Tax/stale date adj	$	—		$	—				$	—
Tax levy									$	—
Advance				$	—
Unidentified	$	—
KERP	$	—
Company car	$	—		$	—		$	—
	$	6,412.71		$	6,412.71		$	—	$	12,825.42
	$	(482.38	)	$	(482.38	)	$	—	$	(964.76	)
									$	—
									$	—
Net Checks				$	—		$	—	$	—
Direct Deposits	$	4,401.04		$	4,401.05				$	8,802.09
Wage Garnishments	$	—		$	—				$	—
Federal Tax	$	745.65		$	745.65				$	1,491.30
EE SS Tax	$	388.53		$	388.52				$	777.05
ER SS Tax	$	388.52		$	388.52				$	777.04
EE Med Tax	$	90.87		$	90.87				$	181.74
ER Med Tax	$	90.86		$	90.86				$	181.72
State/local Tax	$	307.22		$	307.22				$	614.44
Futa	$	—		$	—				$	—
Suta	$	—		$	—				$	—
Adjustments	$	—		$	—		$	—	$	—
GRAND TOTAL	$	6,412.69		$	6,412.69		$	—	$	12,825.38
									$	—
reconciliation	$	(0.02	)	$	(0.02	)	$	—	$	(0.04	)
Accrual	$	482.36		$	482.36		$	—	$	964.72

PAYROLL - TICO

	Period Ending 4/13/2007		Period Ending 4/27/2007		Period Ending		Total
SC/VA
Salary expense	$	—	$	—			$	—
FICA/FUTA/SUTA	$	—	$	—			$	—
401(k) match	$	—	$	—			$	—
Overtime	$	—	$	—			$	—
Commissions	$	—	$	—			$	—
Bonus	$	—	$	—			$	—
Total	$	—	$	—	$	—	$	—
AL
Salary expense	$	—	$	—			$	—
FICA/FUTA/SUTA	$	—	$	—			$	—
401(k) match	$	—	$	—			$	—
Overtime	$	—	$	—			$	—
Commissions	$	—	$	—			$	—
Bonus	$	—	$	—			$	—
Total	$	—	$	—	$	—	$	—
NC
Salary expense	$	—	$	—			$	—
FICA/FUTA/SUTA	$	—	$	—			$	—
401(k) match	$	—	$	—			$	—
Overtime	$	—	$	—			$	—
Commissions	$	—	$	—			$	—
Bonus	$	—	$	—			$	—
Total	$	—	$	—	$	—	$	—
GA
Salary expense	$	—	$	—			$	—
FICA/FUTA/SUTA	$	—	$	—			$	—
401(k) match	$	—	$	—			$	—
Overtime	$	—	$	—			$	—
Commissions	$	—	$	—			$	—
Bonus	$	—	$	—			$	—
Total	$	—	$	—	$	—	$	—
OH
Salary expense	$	—	$	—			$	—
FICA/FUTA/SUTA	$	—	$	—			$	—
401(k) match	$	—	$	—			$	—
Overtime	$	—	$	—			$	—
Commissions	$	—	$	—			$	—
Bonus	$	—	$	—			$	—
Total	$	—	$	—	$	—	$	—
KY
Salary expense	$	—	$	—			$	—
FICA/FUTA/SUTA	$	—	$	—			$	—
401(k) match	$	—	$	—			$	—
Overtime	$	—	$	—			$	—
Commissions	$	—	$	—			$	—
Bonus	$	—	$	—			$	—
Total	$	—	$	—	$	—	$	—
MS
Salary expense	$	—	$	—			$	—
FICA/FUTA/SUTA	$	—	$	—			$	—
401(k) match	$	—	$	—			$	—
Overtime	$	—	$	—			$	—
Commissions	$	—	$	—			$	—
Bonus	$	—	$	—			$	—
Total	$	—	$	—	$	—	$	—
TN
Salary expense	$	—	$	—			$	—
FICA/FUTA/SUTA	$	—	$	—			$	—
401(k) match	$	—	$	—			$	—
Overtime	$	—	$	—			$	—
Commissions	$	—	$	—			$	—
Bonus	$	—	$	—			$	—
Total	$	—	$	—	$	—	$	—
Corp
Salary expense	$	2,115.38	$	2,115.38	$	2,115.38	$	6,346.14
FICA/FUTA/SUTA	$	160.85	$	160.85	$	160.85	$	482.55
401(k) match	$	63.46	$	63.46	$	63.46	$	190.38
Overtime	$	—	$	—			$	—
Commissions	$	—	$	—			$	—
Bonus	$	—	$	—	$	—	$	—
Total	$	2,339.69	$	2,339.69	$	2,339.69	$	7,019.07
Modern
Salary expense	$	—	$	—	$	—	$	—
FICA/FUTA/SUTA	$	—	$	—	$	—	$	—
401(k) match	$	—	$	—	$	—	$	—
Overtime	$	—	$	—			$	—
Commissions	$	—	$	—			$	—
Bonus	$	—	$	—
Total	$	—	$	—	$	—	$	—
Period Total	$	2,339.69	$	2,339.69	$	2,339.69	$	7,019.07
Total
Salary expense	$	2,115.38	$	2,115.38	$	2,115.38
FICA/FUTA/SUTA	$	160.85	$	160.85	$	160.85
401(k) match	$	63.46	$	63.46	$	63.46
Overtime	$	—	$	—	$	—
Commissions	$	—	$	—	$	—
Bonus	$	—	$	—	$	—
Total	$	2,339.69	$	2,339.69	$	2,339.69

THE THAXTON GROUP		Wachovia #	2000014825703
Cash Disbursements for THAXTON INVESTMENT PAYROLL			2079900431038
Wachovia	April-07		540439122
Monthly Court Report for			2079900431041

	Consolidated Totals		Covington Credit-OK		Covington Credit of Texas		Southern Finance of South Carolina		Covington Credit of Georgia		Quick Credit		Southern Finance of Tennesse		CORPORATE HQ
Beginning Cash Position	(212,228.73	)	—		—		—		—		—				(212,228.73	)
	—
	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	853,213.29		36,692.93		180,496.09		179,917.33		91,144.56		80,192.62		62,985.40		221,784.36
Outstanding Checks	—										—
	—
Total Cash Receipts and Transfers	853,213.29		36,692.93		180,496.09		179,917.33		91,144.56		80,192.62		62,985.40		221,784.36
Cash Disbursements - Loans
Gross Wages	1,740,671.34		89,499.93		486,898.31		442,003.84		191,487.84		195,526.98		185,699.64		149,554.80
Federal Tax	171,030.20		7,025.63		47,673.48		45,590.55		18,529.47		17,562.59		18,065.48		16,583.00
SS Tax	100,903.32		5,446.83		28,593.47		25,553.91		11,109.50		11,814.62		11,167.32		7,217.67
Med Tax	24,571.32		1,273.85		6,904.57		6,235.08		2,718.51		2,763.06		2,611.64		2,064.61
EIC	(138.34	)	—		—		(181.60	)	—		43.26		—		—
State Tax	44,223.74		2,276.00		44.18		19,063.43		7,692.02		7,223.29		490.09		7,434.73
Advance	—		—		—		—		—		—		—		—
Mileage	(2,320.00	)	(350.00	)	(1,832.50	)	—		—		—		—		(137.50	)
Miscellaneous	(40,579.76	)	(2,618.26	)	(11,944.80	)	(10,876.04	)	(5,342.80	)	(5,373.23	)	(4,140.36	)	(284.27	)
Shortage	35.00		—		—		—		—		—		—		35.00
STD	200.00		—		—		200.00		—		—		—		—
Medical	1,976.83		124.65		662.03		476.44		124.62		232.68		180.05		176.36
401K Loans	33,706.71		1,284.98		7,905.27		9,345.40		3,225.38		3,574.10		4,533.76		3,837.82
401K Deducts	5,542.39		80.50		2,786.12		1,050.02		644.24		144.01		86.54		750.96
AHL Dental	18,408.00		677.16		5,556.37		4,883.82		2,050.89		529.84		257.78		4,452.14
AHL Cancer	6,915.56		240.20		1,697.98		1,885.84		701.18		788.92		980.08		621.36
AHL Life	1,252.66		84.48		378.66		352.58		87.68		111.04		47.14		191.08
Flex Med	3,363.02		197.82		996.97		767.71		383.52		306.68		379.80		330.52
Dep Care	3,702.12		38.46		385.56		562.00		—		382.30		38.46		2,295.34
Stop Payment Fee	752.62		—		368.00		—		—		—		—		384.62
Garnishment fee	—		—		—		—		—		—		—		—
Garnishment	66.00		4.00		25.00		19.00		6.00		6.00		6.00		—
Bankrpc	909.35		—		165.53		241.06		417.71		—		85.05		—
Child support	195.00		—		—		—		195.00		—		—		—
Tax Levy	8,869.92		601.66		2,825.18		2,519.58		859.00		1,102.76		961.74		—
Fringe	654.69		—		—		396.67		41.34		—		—		216.68
STD Net	—		—		—		—		—		—		—		—
SS Tax Adjust	—		—		—		—		—		—		—		—
Other	8.00		—		8.00		—		—		—		—		—
	—		—		—		—		—		—		—		—
	—		—		—		—		—		—		—		—
FUNDING REQUIREMENTS			—		—		—		—		—		—		—
Net Checks	—		—		—		—		—		—		—		—
Direct Deposits	—		—		—		—		—		—		—		—
Wage Garnishments	10,628.96		—		—		—		—		—		—		—
Federal Tax	175,273.45		601.66		2,990.71		3,157.31		1,513.05		1,102.76		1,046.79		216.68
EE SS Tax	104,250.81		7,025.63		47,673.48		45,590.55		18,529.47		17,562.59		18,065.48		16,583.00
ER SS Tax	104,297.20		5,446.83		28,593.47		25,553.91		11,109.50		11,814.62		11,167.32		7,217.67
EE Med Tax	25,354.25		5,446.81		28,593.55		25,563.19		11,109.53		11,851.60		11,167.32		7,217.69
ER Med Tax	25,365.16		1,273.85		6,904.57		6,235.08		2,718.51		2,763.06		2,611.64		2,064.61
State Tax	46,172.10		1,273.86		6,904.56		6,244.21		2,718.49		2,764.80		2,611.72		2,064.64
Futa	3,813.35		2,276.00		44.18		19,063.43		7,692.02		7,223.29		490.09		7,434.73
Suta	14,866.33		281.32		1,363.03		638.37		391.20		364.65		556.42		35.18
	—		—		—		—		—		—		—		—
Total Amt Debited from our Acct			—		—		—		—		—		—		—
Cash BY ENTITY	706,293.78		36,692.93		180,496.09		179,917.33		91,144.56		80,192.62		62,985.40		74,864.85
Manual Checks	—
Total Other Cash Disbursements	706,293.78		36,692.93		180,496.09		179,917.33		91,144.56		80,192.62		62,985.40		74,864.85
TOTAL ALL CASH DISBURSEMENTS	706,293.78		36,692.93		180,496.09		179,917.33		91,144.56		80,192.62		62,985.40		74,864.85
	(65,309.22	)	—		—		—		—		—		—		(65,309.22	)
Book Balance per bank rec.	(65,309.22	)			—				—		—				(65,309.22	)
Ending Bank Balance per bank rec.

The Thaxton Group, Inc.

Schedule of Aged Accounts Receivable and Post Accounts Payable

By Operating Group

As of 4/30/07

Aged Accounts Receivable

(Gross Balance as of 04/30/07)

	Total		Southern Management		Tico Credit		Commercial Lending		Tico Premium
Current	$	72,682,465	$	72,682,465	$	—	$	—	$	—
Potential (1-30)	$	2,907,241	$	2,907,241	$	—	$	—	$	—
31-60 Days	$	1,283,526	$	1,283,526	$	—	$	—	$	—
61-90 Days	$	817,179	$	817,179	$	—	$	—	$	—
91 and Over	$	1,054,688	$	1,054,688	$	—	$	—	$	—
Total Delinquency	$	6,062,634	$	6,062,634	$	—	$	—	$	—
Total Gross Receivables	$	78,745,099	$	78,745,099	$	—	$	—	$	—
Post Accounts Payable (As of 4/30/07)
Southern Management	$	—
Tico Credit	$	—
Commercial Lending	$	—
Tico Premium	$	—
Thaxton Insurance	$	—
Corporate	$	—
Total	$	—

In re: THE THAXTON GROUP	Case No.	03-13182 - 03-13213
	Jointly Administered
	Reporting Period	April-07

ACCOUNTS RECEIVABLE RECONCILATION AND AGING

Accounts Receivable Reconciliation	Amount
Total Accounts Receivable at the beginning of the reporting period	$	75,272,928
Plus Amounts billed during the period	$	11,705,964
Sold Receivables during month
Less Amounts collected during the period		($8,233,793	)
Total Accounts Receivable at the end of the reporting period	$	78,745,099
Accounts Receivable Aging	Amount
0-30 days old	$	75,589,706
31-60 days old	$	1,283,526
61-90 days old	$	817,179
91+ days old	$	1,054,688
Total Accounts Receivable	$	78,745,099
Amount considered uncollectible (Bad Debt) - Reserve
Accounts Receivable (Net)	$	78,745,099

DEBTOR QUESTIONNAIRE

Must be completed each month	Yes	No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.		X
2. Have any funds been disbursed from any account other than a debtor in possessin account this period? If yes, provide an explanation below.	X
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.	X
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide and explanation below.	X

2. First Day Order authorizing the temporary use of existing cash management system.

Form Mor - 5

THE THAXTON GROUP
INTER-COMPANY BALANCE RECONCILIATION FOR THE THAXTON GROUP - Consolidated			CASES 03-13182-03-13213
Monthly Court Report for Apr-07			JOINTLY ADMINISTERED
	HOLDING COMPANY	HOLDING COMPANY

	Consolidated Totals		ELIMINATIONS	THAXTON GROUP,INC Corporate		Thaxton Operating Company	Eagle	Thaxton Insurance Group		Thaxton Commercial Lending	Tico Premium
Beginning Inter-company balance as of 12/31 per G/L Trial Balance	(0.00	)	6,248,675.00	77,237,981.00		—	—	(3,410,817.00	)	57,761.00	733,168.00
Cash Transfers between companies	—			2,514,857.71
Expenses paid by Corporate - expensed in subsidiaries (treated as	—			(1,852.19	)
separate cost centers as opposed to separate companies	—
	—
Allocations of:	—
	—
Home Office allocation	—
Interest allocation	—			—
Payroll	—
Analysis charges	—
Audit & tax accrual	—			—
Transfer of assets	—
Sale of branches	—
Clear outstanding checks	—
Cherokee return premium	—
General Ledger as of 4/30/07	(0.00	)	6,248,675.00	79,750,986.52		—	—	(3,410,817.00	)	57,761.00	733,168.00
	(0.00	)	6,248,675.00	79,750,986.52		—	—	(3,410,817.00	)	57,761.00	733,168.00
Balance Sheet -April 30, 2007	—		6,248,675.00	79,750,986.00				(3,410,817.00	)	57,761.00	733,168.00

HOLDING COMPANY

Thaxton Investment Corporation	TIC -Southern Management Corporation Consolidated		Tico Credit Corporation Consolidated
—	(35,787,061.00	)	(45,877,719.00	)
	(2,149,102.18	)	(365,755.53	)
	1,971.94		(119.75	)
	—
—	(37,934,191.24	)	(46,243,594.28	)
—	(37,934,191.24	)	(46,243,594.28	)
	(37,934,191.86	)	(46,243,627.00	)