8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): March 30, 2005

THE THAXTON GROUP, INC.

(Exact Name of Registrant as Specified in Charter)

South Carolina

(State or Other Jurisdiction of Incorporation)

000-27086	57-0669498
(Commission File Number)	(I.R.S. Employer Identification No.)

1524 Pageland Highway, Lancaster, South Carolina	29720
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (803) 285-4337

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Securities and Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events

The Company is hereby filing its Bankruptcy Report for February 1 through February 28, 2005, which was filed with the Bankruptcy Court on March 30, 2005.

Item 9.01. Financial Statements and Exhibits

(c) Exhibits

Exhibit No.	Description
99.1	Operating Report for the period February 1, 2005, through February 28, 2005, filed with the U.S. Bankruptcy Court for the District of Delaware on March 30, 2005.

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this current report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

THE THAXTON GROUP, INC.
By:	/s/ Robert R. Dunn
	Robert R. Dunn
	President and Chief Restructuring Officer

Dated: April 6, 2005

3

EX-99.1

United States Bankruptcy Court

District of Delaware

In re THE THAXTON GROUP	Case No.    03-13182 -03-13213
	Jointly Administered
	Reporting Period:    February-05

Monthly Operating Report

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

20 days after end of month.

	Form No.	Document Attached	Explanation Attached
REQUIRED DOCUMENTS
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 returns filed during reporting period		X
Summary of Unpaid Postpetition Debts	MOR-4	X
Listing of aged accounts payable		X
Accounts Receivable Reconciliations 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
Signature of Joint Debtor	Date
/s/    ROBERT DUNN	3/29/05
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 February 28, 2005

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:	Case No.    03-13182 - 03-13213
THE THAXTON GROUP	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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)]

	Operating		Bank Accounts Payroll			Current Month		Cumulative Filing to Date
				Tax	Other	Actual	Projected	Actual	Projected
Cash Beginning of Month	46,755,329		—			46,755,329	37,207,051	20,970,070	19,402,924
Receipts
Cash Sales
Accounts Receivable	12,050,951					12,050,951	10,100,000	253,115,428	234,736,238
Interest Income/Other Income	524,251					524,251		5,013,747	1,221,000
Additional Deposits/Tax Withheld						—		—	—
Other (Attach List)	—					—		46,302,400	—
Transfers between Accounts	(2,519,537	)	2,519,537			—		0	—
Proceeds from the Sale of Assets
								—	—
Total Receipts	10,055,665		2,519,537	—	—	12,575,201	10,100,000	304,431,575	235,957,238
Disbursements
Gross Payroll/Payroll Taxes			2,519,537			2,519,537	1,770,500	42,048,565	44,294,445
Sales, Use & Other Taxes	29,776					29,776		1,074,993	—
Inventory Purchases						—		—	—
Secured/Rental/Leases	183,688					183,688		567,878	—
Insurance/Payroll WH paid from operating accounts	36,212					36,212		99,933	—
Marketing						—		—	—
Property Maintenance/Utilities						—		—	—
Other (Attach List)	1,748,344					1,748,344	2,552,796	40,341,909	31,900,688
						—		—
Loan Proceeds/Expenses Related To Loans/Insurance	2,960,486					2,960,486	2,290,000	121,360,741	121,222,824
						—		—
Deposits to Lenders	—					—		51,444,496	2,500,000
Professional fees - Carve-out	1,549,227					1,549,227	1,387,250	17,715,068	15,657,450
US Trustee Quarterly Fees	75,000					75,000	—	519,801	478,250
Court Costs						—		—
Proceeds to Lender for sale of business units					—
Fees associated with sale of business units					—
								—
Total Disbursements	6,582,733		2,519,537	—	—	9,102,269	8,000,546	275,173,384	216,053,657
Net Cash Flow
(Receipts less Disbursements)	3,472,932		—	—	—	3,472,932	2,099,454	29,258,190	19,903,581
Cash - End of Month	50,228,261		—	—	—	50,228,261	39,306,505	50,228,261	39,306,505

* 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	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 CONSOLIDATED

Week Ending	BUDGET 2/4			BUDGET 2/11			BUDGET 2/18			BUDGET 2/25			BUDGET MONTH FEB
Beginning Cash	$	37,207,051		$	37,770,163		$	38,789,426		$	38,298,418		$	37,207,051
Cash Receipts
TICO Cash Collected		—			—			—			—			—
SM Cash Collected		2,750,000			2,250,000			2,250,000			2,500,000			9,750,000
TIG Cash Collected		—			—			—			—			—
TPF Cash Collected		—			—			—			—			—
TCL Cash Collected		—			—			—			—			—
Other Income Collected		—			—			—			350,000			350,000
		—			—			—			—			—
Total Cash Receipts		2,750,000			2,250,000			2,250,000			2,850,000			10,100,000
Cash Disbursements
Loan Proceeds Checks		450,000			450,000			500,000			650,000			2,050,000
Expenses related to Loans		60,000			60,000			60,000			60,000			240,000
Expenses related to TIG		—			—			—			—			—
Total Cash Disbursements		510,000			510,000			560,000			710,000			2,290,000
NET CASH RECEIPTS		2,240,000			1,740,000			1,690,000			2,140,000			7,810,000
CASH DISBURSEMENTS:
Operating Cash Disbursements
Advertising		25,000			25,000			10,000			10,000			70,000
Bank Charges		—			3,500			30,000			—			33,500
Claims Funding*		55,000			75,000			47,500			47,500			225,000
Company Auto		20,000			1,500			1,900			1,500			24,900
Computer Costs		8,125			2,500			4,625			5,000			20,250
Dues And Subscriptions		2,000			1,500			1,500			50,000			55,000
Employee Reimbursements - collections exp		3,750			3,250			3,250			3,250			13,500
Equipment Rental		3,000			—			5,500			3,000			11,500
Fixed Assets		8,000			4,000			8,000			2,000			22,000
Forms & Printing		32,000			—			32,150			—			64,150
Insurance		12,500			20,500			500			500			34,000
Meals & Entertainment		10,000			2,000			5,075			10,000			27,075
Miscellaneous		16,000			3,000			3,000			3,000			25,000
Office Expense		5,000			4,000			4,000			4,000			17,000
Postage		9,250			8,250			8,250			8,250			34,000
Prepaid Expenses		—			—			—			—			—
Prepaid Software ABS		—			20,000			—			—			20,000
Professional Fees-Ordinary Course		15,000			10,000			75,000			10,000			110,000
Rent		1,500			9,600			1,500			189,000			201,600
Repairs & Maintenance		5,250			4,000			4,250			4,000			17,500
Roadgard		—			—			—			—			—
Seminars & Meetings		10,000			—			5,000			5,000			20,000
Taxes & Licenses		43,000			13,625			13,110			22,250			91,985
Telephone		32,000			10,000			30,000			31,500			103,500
Temporary Agency Staff		3,050			3,050			3,050			3,050			12,200
Board of Directors		4,000			—			—			—			4,000
Travel		25,000			500			20,000			10,000			55,500
Utilities		11,000			11,000			12,500			11,250			45,750
Total Operating Cash Disbursements		359,425			235,775			329,660			434,050			1,358,910
Total Cash Disbursements by Group
Corporate		43,925			38,275			97,160			51,050			230,410
Tico Credit		—			—			—			—			—
Southern Management		315,500			197,500			232,500			383,000			1,128,500
Thaxton Premium Finance		—			—			—			—			—
Thaxton Commercial Lending		—			—			—			—			—
Thaxton Insurance Group		—			—			—			—			—
Total Operating Cash Disbursements		359,425			235,775			329,660			434,050			1,358,910
Other Items
Interest to Finova		—			—			520,885			—			520,885
Payroll Paid TTG		35,000			—			35,000			—			70,000
Payroll Paid SMC		690,000			—			845,000			70,000			1,605,000
401K		55,000			—			—			40,500			95,500
Restructuring Officer		12,000			12,000			12,000			12,000			48,000
Insurance Renewal		10,000			—			—			70,000			80,000
Credit Insurance Carrier		75,000			110,000			70,000			80,000			335,000
Pre-Filing Prepays		—			—			—			—			—
Bank Fees and Expenses		—			—			20,000			—			20,000
Deposit to Lender		—			—			—			—			—
Special Litigation Expense		—			—			—			115,000			115,000
KERP		—			—			—			—			—
US Trustee		75,000			—			—			—			75,000
Bankruptcy Professionals		365,463			362,963			348,463			310,363			1,387,250
Total Other Items		1,317,463			484,963			1,851,348			697,863			4,351,635
Cash from Operations
Total Collections		2,750,000			2,250,000			2,250,000			2,850,000			10,100,000
Total Disbursements		1,734,425			855,775			2,380,545			1,519,550			6,490,295
Net Cash from Operations		1,015,575			1,394,225			(130,545	)		1,330,450			3,609,705
Restructuring Expense		(452,463	)		(374,963	)		(360,463	)		(322,363	)		(1,510,250	)
Net Change in Cash		563,113			1,019,263			(491,008	)		1,008,088			2,099,455
Adjustment due to New Budget Period
Ending Cash		37,770,163			38,789,426			38,298,418			39,306,506			39,306,506

THE THAXTON GROUP MONTHLY OPERATING REPORT - February 2005

THE THAXTON GROUP
Cash Disbursements for THE THAXTON GROUP - Consolidated	FOR INFORMATION PURPOSES ONLY	JOINTLY ADMINISTERED
Monthly Court Report for    February-05

			HOLDING COMPANY		HOLDING COMPANY							HOLDING COMPANY
	Consolidated Totals		THAXTON GROUP, INC Corporate		Thaxton Operating Company All activity recorded at sub level	Eagle - All transactions included in Tico Premium	Thaxton Insurance Group		Thaxton Commercial Lending	Tico Premium		Thaxton Investment Corporation All activity recorded at sub level	Southern Management Corporation Consolidated		Tico Credit Corporation Consolidated
Beginning Cash Position	46,755,328.93		44,701,413.56		—	—	(7,538.85	)	—	(7,387.90	)		2,103,921.31		(35,079.19	)
					—
TICO Cash Collected	12,116.02		—			—	—		—	—			—		12,116.02
SM Cash Collected	12,036,384.85		—			—	—		—	—			12,036,384.85		—
TIG Cash Collected	—		—			—	—		—	—			—		—
TPF Cash Collected	2,449.85		—			—	—		—	2,449.85			—		—
TCL Cash Collected	—		—			—	—		—	—			—		—
Other Income Collected	524,250.58		469,785.14			—	—		—	3,578.75			13,383.65		37,503.04
Proceeds from the sales of the TICO Assets	—		—
SUBTOTAL	12,575,201.30		469,785.14		—	—	—		—	6,028.60		—	12,049,768.50		49,619.06
			—			—	—		—	—			—		—
	—					—			—	—			—		—
CORRECTION OF BEGINNING BALANCES	—		—			—	—		—	—			—		—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(0.00	)	6,052,764.91			—	7,538.85		—	(1,703.73	)		(6,023,299.40	)	(35,300.63	)
	—		—			—	—		—	—			—		—
	—					—			—	—			—		—
Total Cash Receipts and Transfers	12,575,201.30		6,522,550.05		—	—	7,538.85		—	4,324.87		—	6,026,469.10		14,318.43
						—	—		—	—			—		—
Cash Disbursements - Loans	—					—	—		—	—			—		—
	—					—	—		—	—			—		—
Loan Proceeds Checks	2,677,881.80		—			—	—		—	(900.17	)		2,678,781.97		—
Expenses related to Loans\Thaxton Insurance Group	282,604.01		—			—	—		—	3,121.96			281,778.88		(2,296.83	)
Subtotal - Loans	2,960,485.81		—		—	—	—		—	2,221.79			2,960,560.85		(2,296.83	)
			—			—	—		—	—			—		—
Cash Disbursements - Other	—		—			—	—		—	—			—		—
Advertising	27,979.98		—			—	—		—	—			27,979.98		—
Bank Charges	19,332.73		1,180.69			—	—		—	—			18,152.04		—
Claims Funding*	118,440.73		12,679.23			—	—		—	—			105,761.50		—
Company Auto	3,775.68		—			—	—		—	—			3,775.68		—
Computer Costs	11,279.18		3,335.50			—	—		—	1,090.00			6,512.68		341.00
Dues And Subscriptions	782.74		—			—	—		—	—			782.74		—
Employee Reimbursements - collections exp	2,929.53		—			—	—		—	—			—		2,929.53
Equipment Rental	2,731.16		—			—	—		—	—			2,731.16		—
Fixed Assets	(35,022.89	)	(30,000.00	)		—	—		—	—			4,452.11		(9,475.00	)
Forms & Printing	53,218.87		—			—	—		—	—			53,218.87		—
Insurance	36,211.83		(5,835.69	)		—	—		—	—			42,047.52		—
Meals & Entertainment	12,956.14		—			—	—		—	—			12,956.14		—
Miscellaneous	9,584.17		1,114.00			—	—		—	—			8,120.17		350.00
Office Expense	8,654.31		1,463.11			—	—		—	—			6,143.12		1,048.08
Postage	34,262.31		244.46			—	—		—	—			33,411.97		605.88
Prepaid Expenses	—		—			—	—		—	—			—		—
Prepaid Software ABS	19,210.31		—			—	—		—	—			19,210.31		—
Professional Fees-Ordinary Course	11,030.91		6,376.15			—	—		—	—			435.10		4,219.66
Rent	183,688.19		4,456.00			—	—		—	—			177,815.06		1,417.13
Repairs & Maintenance	17,644.44		—			—	—		—	—			17,644.44		—
Seminars & Meetings	3,606.51		—			—	—		—	—			3,606.51		—
Taxes & Licenses	29,775.70		390.37			—	—		—	—			28,670.05		715.28
Telephone	95,714.73		5,217.60			—	—		—	63.23			89,724.90		709.00
Temporary Agency Staff	6,624.41		3,209.06			—	—		—	—			2,976.95		438.40
Travel	54,499.59		426.33			—	—		—	—			54,073.26		—
Utilities	42,913.63		1,174.94			—	—		—	—			40,279.17		1,459.52
Interest to Finova	533,907.00		533,907.00			—	—		—	—			—		—
Payroll Paid TTG	57,819.34		42,557.95			—	—		—	—			—		15,261.39
Payroll Paid SMC	2,461,717.23		—			—	—		—	—			2,461,717.23		—
Restructuring Officer	48,000.00		48,000.00			—	—		—	—			—		—
Credit Insurance Payments	210,453.99		—			—	—		—	—			210,453.99		—
Deposit to Lender	—		—			—	—		—	—			—		—
US Trustee	75,000.00		75,000.00			—	—		—	—			—		—
Bankruptcy Professionals	1,549,227.00		1,549,227.00			—	—		—	—			—		—
Other	118,165.88		118,165.88			—	—		—	—			—		—
Total Other Cash Disbursements	5,847,363.33		2,393,537.58		—	—	—		—	1,153.23			3,432,652.65		20,019.87
						—				—			—		—
TOTAL ALL CASH DISBURSEMENTS	8,807,849.14		2,393,537.58		—	—	—		—	3,375.02			6,393,213.50		17,723.04
	50,522,681.09		48,830,426.03		—	—	—		—	(6,438.05	)		1,737,176.91		(38,483.80	)
BANK ACCOUNT RECONCILED BALANCES:	50,522,681.09		48,830,426.03				—		—	(6,438.05	)		1,737,176.91		(38,483.80	)

I attest that the above bank statement balances are the actual bank statement balances as shown on 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/    ROBERT DUNNH
Signature
Robert Dunn	3/29/05
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	46,755,328.93			—	46,755,328.93
TICO Cash Collected	12,116.02		—	—	12,116.02
SM Cash Collected	12,036,384.85		—	—	12,036,384.85
TIG Cash Collected	—		—	—	—
TPF Cash Collected	2,449.85		—	—	2,449.85
TCL Cash Collected	—		—	—	—
Other Income Collected	524,250.58		—	—	524,250.58
	—		—	—	—
Proceeds from the sales of the TICO Assets	—		—	—	—
SUBTOTAL	12,575,201.30		—	—	12,575,201.30
	—		—	—	—
	—		—	—	—
CORRECTION OF BEGINNING BALANCES	—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(2,519,536.57	)	2,519,536.57	—	(0.00	)
	—		—	—	—
	—		—	—	—
Total Cash Receipts and Transfers	10,055,664.73		2,519,536.57	—	12,575,201.30
Cash Disbursements - Loans
Loan Proceeds Checks	2,677,881.80				2,677,881.80
Expenses related to Loans\Thaxton Insurance Group	282,604.01				282,604.01
Subtotal - Loans	2,960,485.81		—	—	2,960,485.81
	—
Cash Disbursements - Other	—
Advertising	27,979.98			—	27,979.98
Bank Charges	19,332.73		—	—	19,332.73
Claims Funding*	118,440.73			—	118,440.73
Company Auto	3,775.68		—	—	3,775.68
Computer Costs	11,279.18		—	—	11,279.18
Dues And Subscriptions	782.74		—	—	782.74
Employee Reimbursements - collections exp	2,929.53		—	—	2,929.53
Equipment Rental	2,731.16		—	—	2,731.16
Fixed Assets	(35,022.89	)	—	—	(35,022.89	)
Forms & Printing	53,218.87		—	—	53,218.87
Insurance	36,211.83		—	—	36,211.83
Meals & Entertainment	12,956.14		—	—	12,956.14
Miscellaneous	9,584.17		—	—	9,584.17
Office Expense	8,654.31		—	—	8,654.31
Postage	34,262.31		—	—	34,262.31
Prepaid Expenses	—		—	—	—
Prepaid Software ABS	19,210.31		—	—	19,210.31
Professional Fees-Ordinary Course	11,030.91		—	—	11,030.91
Rent	183,688.19		—	—	183,688.19
Repairs & Maintenance	17,644.44		—	—	17,644.44
Seminars & Meetings	3,606.51		—	—	3,606.51
Taxes & Licenses	29,775.70		—	—	29,775.70
Telephone	95,714.73		—	—	95,714.73
Temporary Agency Staff	6,624.41		—	—	6,624.41
Travel	54,499.59		—	—	54,499.59
Utilities	42,913.63		—	—	42,913.63
Interest to Finova	533,907.00		—	—	533,907.00
Payroll Paid TTG	—		57,819.34	—	57,819.34
Payroll Paid SMC	—		2,461,717.23	—	2,461,717.23
Restructuring Officer	48,000.00		—	—	48,000.00
Credit Insurance Payments	210,453.99		—	—	210,453.99
Deposit to Lender	—		—	—	—
US Trustee	75,000.00		—	—	75,000.00
Bankruptcy Professionals	1,549,227.00		—	—	1,549,227.00
Other	118,165.88		—	—	118,165.88
Total Other Cash Disbursements	3,327,826.76		2,519,536.57	—	5,847,363.33
	—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	6,288,312.57		2,519,536.57	—	8,807,849.14
	50,522,681.09		—	—	50,522,681.09
BANK ACCOUNT RECONCILED BALANCES:

In re:	Case No.    03-13183
The Thaxton Group, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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	2,393,537.58

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for The Thaxton Group, Inc.
Monthly Court Report for    February-05	Case #    03-13183
FED ID #    57-0669498		INACTIVE

	Consolidated Totals		Cherokee National Trust Account Wachovia 2000020760292	Wachovia Money Market 2003207426123	BB&T ESCROW ACCOUNT 5125898272	WACHOVIA DISBURSEMENT ACCOUNTS 2079900430275 2000014825091		WACHOVIA PAYROLL ACCOUNTS		Paragon, Inc
Beginning Cash Position	44,701,413.56		—	42,592,485.42	416,061.45	1,694,672.49		(1,805.80	)	—
	—
TICO Cash Collected	—							—
SM Cash Collected	—							—
TIG Cash Collected	—							—
TPF Cash Collected	—							—
TCL Cash Collected	—							—
Other Income Collected	469,785.14		—	45,421.81		424,363.33		—
Proceeds from the sales of the TICO Assets	—
SUBTOTAL	469,785.14		—	45,421.81	—	424,363.33		—		—
	—							—
CORRECTION OF BEGINNING BALANCES	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	6,052,764.91		—	4,600,000.00	—	1,408,445.80		44,319.11		—
	—
	—							—
Total Cash receipts	6,522,550.05		—	4,645,421.81	—	1,832,809.13		44,319.11		—
								—
Cash Disbursements - Loans								—
								—
Loan Proceeds Checks	—							—
Expenses related to Loans	—							—
Subtotal - Loans	—		—	—	—	—		—		—
								—
								—
Cash Disbursements - Other								—
Advertising	—							—
Bank Charges	1,180.69			68.62		1,112.07		—
Claims Funding*	12,679.23					12,679.23
Company Auto	—					—
Computer Costs	3,335.50					3,335.50
Dues And Subscriptions	—					—
Employee Reimbursements - collections exp	—					—
Equipment Rental	—					—
Fixed Assets	(30,000.00	)				(30,000.00	)
Forms & Printing	—					—
Insurance	(5,835.69	)				(5,835.69	)
Meals & Entertainment	—					—
Miscellaneous	1,114.00					1,114.00
Office Expense	1,463.11					1,463.11
Postage	244.46					244.46
Prepaid Expenses	—					—
Prepaid Software ABS	—					—
Professional Fees-Ordinary Course	6,376.15					6,376.15
Rent	4,456.00					4,456.00
Repairs & Maintenance	—					—
Roadgard	—					—
Seminars & Meetings	—					—
Taxes & Licenses	390.37					390.37
Telephone	5,217.60					5,217.60
Temporary Agency Staff	3,209.06					3,209.06
Travel	426.33					426.33
Utilities	1,174.94					1,174.94
Interest to Finova	533,907.00					533,907.00
Payroll Paid TTG	42,557.95							42,557.95
Payroll Paid SMC	—
Restructuring Officer	48,000.00					48,000.00
Insurance Renewal	21,248.00					21,248.00
Credit Insurance Payments	—
Pre-Filing Prepays	—
Deposit to Lender	—
US Trustee	75,000.00					75,000.00
Bankruptcy Professionals	1,549,227.00					1,549,227.00
Other	118,165.88					118,165.88
Total Other Cash Disbursements	2,393,537.58		—	68.62	—	2,350,911.01		42,557.95		—
TOTAL ALL CASH DISBURSEMENTS	2,393,537.58		—	68.62	—	2,350,911.01		42,557.95		—
	48,830,426.03		—	47,237,838.61	416,061.45	1,176,570.61		(44.64	)	—
Book Balance per bank rec.	48,830,426.03		—	47,237,838.61	416,061.45	1,176,570.61		(44.64	)	—

THE THAXTON GROUP
Cash Disbursements for The Thaxton Group, Inc.	Case No.    03-13183
Monthly Court Report for
FED ID #    57-0669498

	Operating		Payroll		Other	Total
Beginning Cash Position	44,701,413.56		—		—	44,701,413.56
			—		—	—
TICO Cash Collected	—		—		—	—
SM Cash Collected	—		—		—	—
TIG Cash Collected	—		—		—	—
TPF Cash Collected	—		—		—	—
TCL Cash Collected	—		—		—	—
Other Income Collected	469,785.14		—		—	469,785.14
Proceeds from the sales of the TICO Assets
SUBTOTAL	469,785.14		—		—	469,785.14
	—		—		—	—
CORRECTION OF BEGINNING BALANCES	—		—		—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	6,052,764.91		—		—	6,052,764.91
					—	—
	—		—		—	—
Total Cash receipts	6,522,550.05		—		—	6,522,550.05
Cash Disbursements - Loans
Loan Proceeds Checks	—		—		—	—
Expenses related to Loans	—		—		—	—
Subtotal - Loans	—		—		—	—
Cash Disbursements - Other
Advertising	—		—		—	—
Bank Charges	1,180.69		—		—	1,180.69
Claims Funding*	12,679.23		—		—	12,679.23
Company Auto	—		—		—	—
Computer Costs	3,335.50		—		—	3,335.50
Dues And Subscriptions	—		—		—	—
Employee Reimbursements - collections exp	—		—		—	—
Equipment Rental	—		—		—	—
Fixed Assets	(30,000.00	)	—		—	(30,000.00	)
Forms & Printing	—		—		—	—
Insurance	(5,835.69	)	—		—	(5,835.69	)
Meals & Entertainment	—		—		—	—
Miscellaneous	1,114.00		—		—	1,114.00
Office Expense	1,463.11		—		—	1,463.11
Postage	244.46		—		—	244.46
Prepaid Expenses	—		—		—	—
Prepaid Software ABS	—		—		—	—
Professional Fees-Ordinary Course	6,376.15		—		—	6,376.15
Rent	4,456.00		—		—	4,456.00
Repairs & Maintenance	—		—		—	—
Roadgard	—		—		—	—
Seminars & Meetings	—		—		—	—
Taxes & Licenses	390.37		—		—	390.37
Telephone	5,217.60		—		—	5,217.60
Temporary Agency Staff	3,209.06		—		—	3,209.06
Travel	426.33		—		—	426.33
Utilities	1,174.94		—		—	1,174.94
Interest to Finova	533,907.00		—		—	533,907.00
Payroll Paid TTG	—		42,557.95		—	42,557.95
Payroll Paid SMC	—		—		—	—
Restructuring Officer	48,000.00		—		—	48,000.00
Insurance Renewal	21,248.00		—		—	21,248.00
Credit Insurance Payments	—		—		—	—
Pre-Filing Prepays	—		—		—	—
Deposit to Lender	—		—		—	—
US Trustee	75,000.00		—		—	75,000.00
Bankruptcy Professionals	1,549,227.00		—		—	1,549,227.00
Other	118,165.88		—		—	118,165.88
Total Other Cash Disbursements	2,350,979.63		42,557.95		—	2,393,537.58
	—		—		—	—
TOTAL ALL CASH DISBURSEMENTS	2,350,979.63		42,557.95		—	2,393,537.58
	48,872,983.98		(42,557.95	)	—	48,830,426.03
Book Balance per bank rec.

In re:	Case No.    03-13184
Thaxton Operating Company	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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	Case #    03-13184	Case No.    01-10573
Monthly Court Report for    February-05
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:	Case No.    03-13186
TICO Premium Finance Company, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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		3,375.02
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	$	3,375.02

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO PREMIUM	03-13186	Case No.    03-13186
Monthly Court Report for    February-05
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	(7,387.90	)	7,034.47	(14,422.37	)			(7,387.90	)	—	—	(7,387.90	)
	—									—	—	—
TICO Cash Collected	—							—		—	—	—
SM Cash Collected	—							—		—	—	—
TIG Cash Collected	—							—		—	—	—
TPF Cash Collected	2,449.85			2,449.85				2,449.85		—	—	2,449.85
TCL Cash Collected	—							—		—	—	—
Other Income Collected	3,578.75		—	3,578.75				3,578.75		—	—	3,578.75
SUBTOTAL	6,028.60		—	6,028.60		—		6,028.60		—	—	6,028.60
	—							—		—	—	—
	—							—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(1,703.73	)		(1,703.73	)	—		(1,703.73	)	—	—	(1,703.73	)
	—							—		—	—	—
	—							—		—	—	—
	—							—		—	—	—
	—							—		—	—	—
Total Cash Receipts and Transfers	4,324.87		—	4,324.87		—		4,324.87		—	—	4,324.87
Cash Disbursements - Loans
Loan Proceeds Checks	(900.17	)		(900.17	)			(900.17	)	—	—	(900.17	)
Expenses related to Loans	3,121.96			3,121.96				3,121.96		—	—	3,121.96
Subtotal - Loans	2,221.79		—	2,221.79		—		2,221.79				2,221.79
Cash Disbursements - Other
Advertising
Bank Charges	—							—		—	—	—
Claims Funding*	—
Company Auto	—							—		—	—	—
Computer Costs	1,090.00			1,090.00				1,090.00		—	—	1,090.00
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	63.23			63.23				63.23		—	—	63.23
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	1,153.23		—	1,153.23		—	—	1,153.23		—	—	1,153.23
								—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	3,375.02		—	3,375.02		—		3,375.02		—	—	3,375.02
	(6,438.05	)	7,034.47	(13,472.52	)	—		(6,438.05	)	—	—	(6,438.05	)
Book Balance per bank rec.	(6,438.05	)	7,034.47	(13,472.52	)

In re:	Case No.    03-13185
EAGLE Premium Finance Company, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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	Case No.     03-13185	Case No.    03-13185
Monthly Court Report for    February-05
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:	Case No.    03-13187
Thaxton Insurance Group, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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 Insurance Group	Case #    03-13187	Case No.    03-13187
Monthly Court Report for    February-05
FED ID #    57-0926039

	Consolidated Totals		WACHOVIA DISBURSEMENT ACCOUNTS		WACHOVIA PAYROLL ACCOUNTS		Operating		Payroll	Other	Total
Beginning Cash Position	(7,538.85	)	(7,538.85	)	—		(7,538.85	)	—	—	(7,538.85	)
	—								—	—	—
TICO Cash Collected	—						—		—	—	—
SM Cash Collected	—						—		—	—	—
TIG Cash Collected	—						—		—	—	—
TPF Cash Collected	—						—		—	—	—
TCL Cash Collected	—						—		—	—	—
Other Income Collected	—						—		—	—	—
SUBTOTAL	—		—		—	—	—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	7,538.85		7,538.85		—		7,538.85		—	—	7,538.85
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
Total Cash Receipts and Transfers	7,538.85		7,538.85		—	—	7,538.85		—	—	7,538.85
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:	Case No.    03-13188
Thaxton Commercial Lending, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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 Commercial Lending	Case #     03-13188	Case No.     03-13188
Monthly Court Report for    February-05
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:	Case No.    03-13189
Paragon, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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. - Inactive Company	Case #    03-13189	Case No.    03-13189
Monthly Court Report for    February-05
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    February-05

FED ID #

	Consolidated Totals		TICO-AL 03-13196		TICO-GA 03-13199	TICO-DE 03-13182		TICO-MS 03-13201		TICO-NC 03-13193		TICO-OH 03-13200		MODERN RECOVERY 03-13190	TICO-SC 03-13191		TICO-TN 03-13203		TICO-HQ 03-13195
Beginning Cash Position	(35,079.19	)	—		—	—		—		—		(0.00	)	—	—		—		(35,079.19	)
	—		—		—	—		—		—		—		—	—		—		—
TICO Cash Collected	12,116.02		—		—	—		—		—		12,116.02		—	—		—		—
SM Cash Collected	—		—		—	—		—		—		—		—	—		—		—
TIG Cash Collected	—		—		—	—		—		—		—		—	—		—		—
TPF Cash Collected	—		—		—	—		—		—		—		—	—		—		—
TCL Cash Collected	—		—		—	—		—		—		—		—	—		—		—
Other Income Collected	37,503.04		—		—	6,061.10		12,265.98		167.12		17,323.47		—	240.00		1,445.37		—
SUBTOTAL	49,619.06		—		—	6,061.10		12,265.98		167.12		29,439.49		—	240.00		1,445.37		—
	—		—		—	—		—		—		—		—	—		—		—
	—		—		—	—		—		—		—		—	—		—		—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(35,300.63	)	(5.61	)	—	(5,156.23	)	(14,356.28	)	(167.12	)	(28,825.21	)	—	(865.00	)	(1,516.71	)	15,591.53
	—		—		—	—		—		—		—		—	—		—		—
Funds Received From Sale of Tico Mississippi - sent directly to Finova	—		—		—	—		—		—		—		—	—		—		—
Holdback, Deposits and Escrows	—		—		—	—		—		—		—		—	—		—		—
	—		—		—	—		—		—		—		—	—		—		—
Total Cash Receipts and Transfers	14,318.43		(5.61	)	—	904.87		(2,090.30	)	—		614.28		—	(625.00	)	(71.34	)	15,591.53
			—		—	—		—		—		—		—	—		—		—
Cash Disbursements - Loans			—		—	—		—		—		—		—	—		—		—
			—		—	—		—		—		—		—	—		—		—
Loan Proceeds Checks	—		—		—	—		—		—		—		—	—		—		—
Expenses related to Loans	(2,296.83	)	—		—	—		(2,529.73	)	—		(637.26	)	—	(625.00	)	(91.67	)	1,586.83
Subtotal - Loans	(2,296.83	)	—		—	—		(2,529.73	)	—		(637.26	)	—	(625.00	)	(91.67	)	1,586.83
			—		—	—		—		—		—		—	—		—		—
	—		—		—	—		—		—		—		—	—		—		—
Cash Disbursements - Other	—		—		—	—		—		—		—		—	—		—		—
Advertising	—		—		—	—		—		—		—		—	—		—		—
Bank Charges	—		—		—	—		—		—		—		—	—		—		—
Claims Funding*	—		—		—	—		—		—		—		—	—		—		—
Company Auto	—		—		—	—		—		—		—		—	—		—		—
Computer Costs	341.00		—		—	—		—		—		—		—	—		—		341.00
Dues And Subscriptions	—		—		—	—		—		—		—		—	—		—		—
Employee Reimbursements - collections exp	2,929.53		—		—	1,218.23		439.43		—		1,251.54		—	—		20.33		—
Equipment Rental	—		—		—	—		—		—		—		—	—		—		—
Fixed Assets	(9,475.00	)	—		—	—		—		—		—		—	—		—		(9,475.00	)
Forms & Printing	—		—		—	—		—		—		—		—	—		—		—
Insurance	—		—		—	—		—		—		—		—	—		—		—
Meals & Entertainment	—		—		—	—		—		—		—		—	—		—		—
Miscellaneous	350.00		—		—	—		—		—		—		—	—		—		350.00
Office Expense	1,048.08		—		—	—		—		—		—		—	—		—		1,048.08
Postage	605.88		—		—	—		—		—		—		—	—		—		605.88
Prepaid Expenses	—		—		—	—		—		—		—		—	—		—		—
Prepaid Software ABS	—		—		—	—		—		—		—		—	—		—		—
Professional Fees-Ordinary Course	4,219.66		—		—	—		—		—		—		—	—		—		4,219.66
Rent	1,417.13		—		—	(313.36	)	—		—		—		—	—		—		1,730.49
Repairs & Maintenance	—		—		—	—		—		—		—		—	—		—		—
Roadgard	—		—		—	—		—		—		—		—	—		—		—
Seminars & Meetings	—		—		—	—		—		—		—		—	—		—		—
Taxes & Licenses	715.28		—		—	—		—		—		—		—	—		—		715.28
Telephone	709.00		(5.61	)	—	—		—		—		—		—	—		—		714.61
Temporary Agency Staff	438.40		—		—	—		—		—		—		—	—		—		438.40
Travel	—		—		—	—		—		—		—		—	—		—		—
Utilities	1,459.52		—		—	—		—		—		—		—	—		—		1,459.52
Interest to Finova	—		—		—	—		—		—		—		—	—		—		—
Payroll Paid TTG	15,261.39		—		—	—		—		—		—		—	—		—		15,261.39
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	20,019.87		(5.61	)	—	904.87		439.43		—		1,251.54		—	—		20.33		17,409.31
TOTAL ALL CASH DISBURSEMENTS	17,723.04		(5.61	)	—	904.87		(2,090.30	)	—		614.28		—	(625.00	)	(71.34	)	18,996.14
					—	—		—		—		—		—	—		—		—
	(38,483.80	)	—		—	—		—		—		(0.00	)	—	—		(0.00	)	(38,483.80	)
					—	—		—		—		—		—	—		—		—
Book Balance per bank rec.	(38,483.80	)	—		—	—		—		—		(0.00	)	0.00	—		—		(38,483.80	)

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

	Operating		Payroll	Other	Total
Beginning Cash Position	(35,079.19	)	—	—	(35,079.19	)
			—	—	—
TICO Cash Collected	12,116.02		—	—	12,116.02
SM Cash Collected	—		—	—	—
TIG Cash Collected	—		—	—	—
TPF Cash Collected	—		—	—	—
TCL Cash Collected	—		—	—	—
Other Income Collected	37,503.04		—	—	37,503.04
SUBTOTAL	49,619.06		—	—	49,619.06
	—		—	—	—
	—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(50,562.02	)	15,261.39	—	(35,300.63	)
	—		—	—	—
Funds Received From Sale of Tico Mississippi - sent directly to Finova	—		—	—	—
Holdback, Deposits and Escrows	—		—	—	—
	—		—	—	—
Total Cash Receipts and Transfers	(942.96	)	15,261.39	—	14,318.43
	—
Cash Disbursements - Loans	—
	—
Loan Proceeds Checks	—				—
Expenses related to Loans	(2,296.83	)			(2,296.83	)
Subtotal - Loans	(2,296.83	)			(2,296.83	)
	—				—
	—				—
Cash Disbursements - Other	—				—
Advertising	—				—
Bank Charges	—		—	—	—
Claims Funding*	—				—
Company Auto	—		—	—	—
Computer Costs	341.00		—	—	341.00
Dues And Subscriptions	—		—	—	—
Employee Reimbursements - collections exp	2,929.53		—	—	2,929.53
Equipment Rental	—		—	—	—
Fixed Assets	(9,475.00	)	—	—	(9,475.00	)
Forms & Printing	—		—	—	—
Insurance	—		—	—	—
Meals & Entertainment	—		—	—	—
Miscellaneous	350.00		—	—	350.00
Office Expense	1,048.08		—	—	1,048.08
Postage	605.88		—	—	605.88
Prepaid Expenses	—		—	—	—
Prepaid Software ABS	—		—	—	—
Professional Fees-Ordinary Course	4,219.66		—	—	4,219.66
Rent	1,417.13		—	—	1,417.13
Repairs & Maintenance	—		—	—	—
Roadgard	—		—	—	—
Seminars & Meetings	—		—	—	—
Taxes & Licenses	715.28		—	—	715.28
Telephone	709.00		—	—	709.00
Temporary Agency Staff	438.40		—	—	438.40
Travel	—		—	—	—
Utilities	1,459.52		—	—	1,459.52
Interest to Finova	—		—	—	—
Payroll Paid TTG	—		15,261.39	—	15,261.39
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	4,758.48		15,261.39	—	20,019.87
	—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	2,461.65		15,261.39	—	17,723.04
	(38,483.80	)	—	—	(38,483.80	)
Book Balance per bank rec.

THE THAXTON GROUP
SUMMARY TICO CREDIT CORP - DISBURSEMENT ACCOUNTS	WACHOVIA #2000014825101	WACHOVIA #2000014826087	Case No.    —
Monthly Court Report for    February-05
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	(35,079.19	)	—		—												(35,079.19	)	(35,079.19	)	—	—	(35,079.19	)
	—		—		—	—		—		—	—				—		—				—	—	—
TICO Cash Collected	—																		—		—	—	—
SM Cash Collected	—																—		—		—	—	—
TIG Cash Collected	—																—		—		—	—	—
TPF Cash Collected	—																—		—		—	—	—
TCL Cash Collected	—																—		—		—	—	—
Other Income Collected	—																—		—		—	—	—
SUBTOTAL	—		—		—	—		—		—	—		—		—		—
	—		—		—	—		—		—	—		—		—		—		—		—	—	—
	—																		—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(942.96	)	(5.61	)	—	904.87		(2,090.30	)	—	614.28		(625.00	)	(71.34	)	330.14		(942.96	)	—	—	(942.96	)
Outstanding Checks	—		—		—	—		—		—	—		—		—				—		—	—	—
WACHOVIA #2000014825101	—		—		—	—		—		—	—		—		—				—		—	—	—
WACHOVIA #101000020906	—		—		—	—		—		—	—		—		—				—		—	—	—
	—		—		—	—		—		—	—		—		—		—		—		—	—	—
Total Cash Receipts and Transfers	(942.96	)	(5.61	)	—	904.87		(2,090.30	)	—	614.28		(625.00	)	(71.34	)	330.14		(942.96	)	—	—	(942.96	)
			—		—	—		—		—	—		—		—		—		—
Cash Disbursements - Loans			—		—	—		—		—	—		—		—		—		—
			—		—	—		—		—	—		—		—		—		—
Loan Proceeds Checks	—																		—				—
Expenses related to Loans	(2,296.83	)	—		—	—		(2,529.73	)		(637.26	)	(625.00	)	(91.67	)	1,586.83		(2,296.83	)			(2,296.83	)
Subtotal - Loans	(2,296.83	)	—		—	—		(2,529.73	)	—	(637.26	)	(625.00	)	(91.67	)	1,586.83		(2,296.83	)			(2,296.83	)
			—		—	—		—		—	—		—		—		—		—				—
			—		—	—		—		—	—		—		—		—		—				—
Cash Disbursements - Other					—	—		—		—	—		—		—		—		—				—
Advertising	—																		—				—
Bank Charges	—																		—		—	—	—
Claims Funding*	—																		—				—
Company Auto	—																		—		—	—	—
Computer Costs	341.00																341.00		341.00		—	—	341.00
Dues And Subscriptions	—																		—		—	—	—
Employee Reimbursements - collections exp	2,929.53					1,218.23		439.43			1,251.54				20.33				2,929.53		—	—	2,929.53
Equipment Rental	—																		—		—	—	—
Fixed Assets	(9,475.00	)															(9,475.00	)	(9,475.00	)	—	—	(9,475.00	)
Forms & Printing	—																		—		—	—	—
Insurance	—																		—		—	—	—
Meals & Entertainment	—																		—		—	—	—
Miscellaneous	350.00																350.00		350.00		—	—	350.00
Office Expense	1,048.08																1,048.08		1,048.08		—	—	1,048.08
Postage	605.88																605.88		605.88		—	—	605.88
Prepaid Expenses	—																		—		—	—	—
Prepaid Software ABS	—																		—		—	—	—
Professional Fees-Ordinary Course	4,219.66																4,219.66		4,219.66		—	—	4,219.66
Rent	1,417.13					(313.36	)										1,730.49		1,417.13		—	—	1,417.13
Repairs & Maintenance	—																		—		—	—	—
Roadgard	—																		—		—	—	—
Seminars & Meetings	—																		—		—	—	—
Taxes & Licenses	715.28																715.28		715.28		—	—	715.28
Telephone	709.00		(5.61	)													714.61		709.00		—	—	709.00
Temporary Agency Staff	438.40																438.40		438.40		—	—	438.40
Travel	—																		—		—	—	—
Utilities	1,459.52																1,459.52		1,459.52		—	—	1,459.52
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	4,758.48		(5.61	)	—	904.87		439.43		—	1,251.54		—		20.33		2,147.92		4,758.48		—	—	4,758.48
																			—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	2,461.65		(5.61	)	—	904.87		(2,090.30	)	—	614.28		(625.00	)	(71.34	)	3,734.75		2,461.65		—	—	2,461.65
					—	—		—		—	—		—		—		—
	(38,483.80	)	—		—	—		—		—	—		—		—		(38,483.80	)	(38,483.80	)	—	—	(38,483.80	)
					—	—		—		—	—		—		—		—
Book Balance per bank rec.	(38,483.80	)			—												(38,483.80	)

In re:	Case No.    03-13195
TICO Credit Corporation	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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		18,996.14
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	$	18,996.14

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO CREDIT CORPORATION, INC	Case #    03-13195	Case No.    03-13195
Monthly Court Report for    February-05
FED ID #    56-2258083

	Consolidated Totals		WACHOVIA DISBURSEMENT ACCOUNTS		WACHOVIA PAYROLL ACCOUNTS		Operating		Payroll	Other	Total
Beginning Cash Position	(35,079.19	)	(35,079.19	)	—		(35,079.19	)	—		(35,079.19	)
	—								—	—	—
TICO Cash Collected	—		—				—		—	—	—
SM Cash Collected	—						—		—	—	—
TIG Cash Collected	—						—		—	—	—
TPF Cash Collected	—						—		—	—	—
TCL Cash Collected	—						—		—	—	—
Other Income Collected	—						—		—	—	—
SUBTOTAL	—		—		—		—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	15,591.53		330.14		15,261.39		330.14		15,261.39	—	15,591.53
	—						—			—	—
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
Total Cash Receipts and Transfers	15,591.53		330.14		15,261.39	—	330.14		15,261.39	—	15,591.53
Cash Disbursements - Loans
	—
Loan Proceeds Checks	—						—		—		—
Expenses related to Loans	1,586.83		1,586.83				1,586.83				1,586.83
Subtotal - Loans	1,586.83		1,586.83		—		1,586.83		—	—	1,586.83
			—
			—						—
Cash Disbursements - Other			—						—		—
Advertising	—		—				—		—		—
Bank Charges	—		—				—		—		—
Claims Funding*	—		—				—		—		—
Company Auto	—		—				—		—	—	—
Computer Costs	341.00		341.00				341.00		—	—	341.00
Dues And Subscriptions	—		—				—		—	—	—
Employee Reimbursements - collections exp	—		—				—		—	—	—
Equipment Rental	—		—				—		—	—	—
Fixed Assets	(9,475.00	)	(9,475.00	)			(9,475.00	)	—	—	(9,475.00	)
Forms & Printing	—		—				—		—	—	—
Insurance	—		—				—		—	—	—
Meals & Entertainment	—		—				—		—	—	—
Miscellaneous	350.00		350.00				350.00		—	—	350.00
Office Expense	1,048.08		1,048.08				1,048.08		—	—	1,048.08
Postage	605.88		605.88				605.88		—	—	605.88
Prepaid Expenses	—		—				—		—	—	—
Prepaid Software ABS	—		—				—		—	—	—
Professional Fees-Ordinary Course	4,219.66		4,219.66				4,219.66		—	—	4,219.66
Rent	1,730.49		1,730.49				1,730.49		—	—	1,730.49
Repairs & Maintenance	—		—				—		—	—	—
Roadgard	—		—				—		—	—	—
Seminars & Meetings	—		—				—		—	—	—
Taxes & Licenses	715.28		715.28				715.28		—	—	715.28
Telephone	714.61		714.61				714.61		—	—	714.61
Temporary Agency Staff	438.40		438.40				438.40		—	—	438.40
Travel	—		—				—		—	—	—
Utilities	1,459.52		1,459.52				1,459.52		—	—	1,459.52
Interest to Finova			—				—		—	—	—
Payroll Paid TTG	15,261.39		—		15,261.39		—		15,261.39	—	15,261.39
Payroll Paid SMC			—				—		—	—	—
Restructuring Officer	—		—				—		—	—	—
Insurance Renewal	—		—				—		—	—	—
Voyager Payment	—		—				—		—	—	—
Pre-Filing Prepays	—		—				—		—	—	—
Deposit to Lender	—		—				—		—	—	—
US Trustee	—		—				—		—	—	—
Bankruptcy Professionals	—		—				—		—	—	—
Other	—		—				—		—	—	—
Total Other Cash Disbursements	17,409.31		2,147.92		15,261.39	—	2,147.92		15,261.39	—	17,409.31
TOTAL ALL CASH DISBURSEMENTS	18,996.14		3,734.75		15,261.39	—	3,734.75		15,261.39	—	18,996.14
	(38,483.80	)	(38,483.80	)	—	—	(38,483.80	)	—	—	(38,483.80	)
Book Balance per bank rec.	(38,483.80	)	(38,483.80	)	—

In re:	Case No.    03-13194
TICO Credit Company of Virginia, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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	Case #    03-13194	Case No.    03-13194
Monthly Court Report for    February-05
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:	Case No.    03-13191
TICO Credit Company, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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		(625.00	)
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	($	625.00	)
FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO-SC	Case No.    03-13191	Case No.    03-13191
Monthly Court Report for     February-05
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	240.00		240.00				240.00		—	—	240.00
SUBTOTAL	240.00		240.00		—		240.00		—	—	240.00
	—						—		—	—	—
	—						—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(865.00	)	(865.00	)	—		(865.00	)	—	—	(865.00	)
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
Total Cash Receipts and Transfers	(625.00	)	(625.00	)	—	—	(625.00	)	—	—	(625.00	)
Cash Disbursements - Loans
Loan Proceeds Checks	—		—				—		—	—	—
Expenses related to Loans	(625.00	)	(625.00	)			(625.00	)	—	—	(625.00	)
Subtotal - Loans	(625.00	)	(625.00	)	—		(625.00	)	—	—	(625.00	)
			—
			—
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	(625.00	)	(625.00	)	—	—	(625.00	)	—	—	(625.00	)
	—		—		—	—	—		—	—	—
Book Balance per bank rec.	—

In re:	Case No.    03-13196
TICO Credit Company of Alabama, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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	(5.61)
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	($5.61)

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO ALABAMA	Case No.    03-13196	Case No.    03-13196
Monthly Court Report for    February-05
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	(5.61	)	(5.61	)	—	—	—	(5.61	)	—	—	(5.61	)
	—							—		—		—
	—							—		—	—	—
	—							—		—	—	—
	—							—		—	—	—
Total Cash Receipts and Transfers	(5.61	)	(5.61	)	—	—	—	(5.61	)	—	—	(5.61	)
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	(5.61	)	(5.61	)				(5.61	)	—	—	(5.61	)
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	(5.61	)	(5.61	)	—	—	—	(5.61	)	—	—	(5.61	)
								—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	(5.61	)	(5.61	)	—	—	—	(5.61	)	—	—	(5.61	)
	—		—		—	—	—	—		—	—	—
Book Balance per bank rec.	—					—	—

In re:	Case No.     03-13193
TICO Credit Company of North Carolina, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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-NC	Case No. 03-13193	Case No.     03-13193
Monthly Court Report for     February-05
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	167.12		167.12				167.12		—	—	167.12
SUBTOTAL	167.12		167.12		—		167.12		—	—	167.12
	—						—		—	—	—
	—						—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(167.12	)	(167.12	)	—		(167.12	)	—	—	(167.12	)
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
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:	Case No.    03-13182
TICO Credit Company	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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		904.87
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	$	904.87

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO -DELAWARE	Case No.     03-13182
Monthly Court Report for    February-05
FED ID #    74-2873274

	Consolidated Totals		WACHOVIA DISBURSEMENT ACCOUNTS		Fifth Third Bank 1050032006	BB&T 5181006058	BB&T 5180186451	BB&T 5180158407	Ohio Valley 8012564	First National Bank 5711347	PNC Bank 3004243118	National City 754211488
Beginning Cash Position	—		—		—	—	—	—	—	—	—	—
	—
TICO Cash Collected	—
SM Cash Collected	—
TIG Cash Collected	—
TPF Cash Collected	—
TCL Cash Collected	—
Other Income Collected	6,061.10		6,061.10
SUBTOTAL	6,061.10		6,061.10		—	—	—	—	—	—	—	—
	—
	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(5,156.23	)	(5,156.23	)	—	—	—	—	—	—	—	—
	—
	—
	—
	—
Total Cash Receipts and Transfers	904.87		904.87		—	—	—	—	—	—	—	—
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	1,218.23		1,218.23
Equipment Rental	—		—
Fixed Assets	—		—
Forms & Printing	—		—
Insurance	—		—
Meals & Entertainment	—		—
Miscellaneous	—		—
Office Expense	—		—
Postage	—		—
Prepaid Expenses	—		—
Prepaid Software ABS	—		—
Professional Fees-Ordinary Course	—		—
Rent	(313.36	)	(313.36	)
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	904.87		904.87		—	—	—	—	—	—	—	—
								—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	904.87		904.87		—	—	—	—	—	—	—	—
	—		—		—	—	—	—	—	—	—	—
Book Balance per bank rec.	—		—		—	—	—	—	—	—	—	—

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

	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	6,061.10		—	—	6,061.10
SUBTOTAL	6,061.10		—	—	6,061.10
	—		—	—	—
	—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(5,156.23	)	—	—	(5,156.23	)
	—		—	—	—
	—		—	—	—
	—		—	—	—
	—		—	—	—
Total Cash Receipts and Transfers	904.87		—	—	904.87
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	1,218.23		—	—	1,218.23
Equipment Rental	—		—	—	—
Fixed Assets	—		—	—	—
Forms & Printing	—		—	—	—
Insurance	—		—	—	—
Meals & Entertainment	—		—	—	—
Miscellaneous	—		—	—	—
Office Expense	—		—	—	—
Postage	—		—	—	—
Prepaid Expenses	—		—	—	—
Prepaid Software ABS	—		—	—	—
Professional Fees-Ordinary Course	—		—	—	—
Rent	(313.36	)	—	—	(313.36	)
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	904.87		—	—	904.87
	—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	904.87		—	—	904.87
	—		—	—	—
Book Balance per bank rec.

In re:	Case No.    03-13199
TICO Credit Company of Georgia, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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.	Case #    03-13199	Case No.     03-13199
Monthly Court Report for    February-05
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:	Case No. 03-13200
Modern Finance dba TICO Credit Company	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period     February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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		614.28
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	$	614.28

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO-OH-MOD	Case No.     03-13200	Case No.     03-13200
Monthly Court Report for     February-05
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	12,116.02		12,116.02				12,116.02		—	—	12,116.02
SM Cash Collected	—						—		—	—	—
TIG Cash Collected	—						—		—	—	—
TPF Cash Collected	—						—		—	—	—
TCL Cash Collected	—						—		—	—	—
Other Income Collected	17,323.47		17,323.47				17,323.47		—	—	17,323.47
SUBTOTAL	29,439.49		29,439.49		—	—	29,439.49		—	—	29,439.49
	—						—		—	—	—
	—						—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(28,825.21	)	(28,825.21	)	—		(28,825.21	)	—	—	(28,825.21	)
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
Total Cash Receipts and Transfers	614.28		614.28		—	—	614.28		—	—	614.28
Cash Disbursements - Loans
Loan Proceeds Checks	—		—				—		—	—	—
Expenses related to Loans	(637.26	)	(637.26	)			(637.26	)	—	—	(637.26	)
Subtotal - Loans	(637.26	)	(637.26	)	—	—	(637.26	)	—	—	(637.26	)
Cash Disbursements - Other
Advertising			—
Bank Charges	—		—			—	—		—	—	—
Claims Funding*	—		—								—
Company Auto	—		—				—		—	—	—
Computer Costs	—		—				—		—	—	—
Dues And Subscriptions	—		—				—		—	—	—
Employee Reimbursements - collections exp	1,251.54		1,251.54				1,251.54		—	—	1,251.54
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	1,251.54		1,251.54		—	—	1,251.54		—	—	1,251.54
											—
TOTAL ALL CASH DISBURSEMENTS	614.28		614.28		—	—	614.28		—	—	614.28
	(0.00	)	0.00		—	—	(0.00	)	—	—	(0.00	)
Book Balance per bank rec.	(0.00	)				—

In re:	Case No.     03-13190
Modern Central Recovery	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period     February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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	Case #     03-13190	Case No.     03-13190
Monthly Court Report for    February-05
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:	Case No.     03-13201
TICO Credit Company	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period     February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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		(2,090.30	)
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	($	2,090.30	)

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO MISSISSIPPI	Case No.    03-13201	Case No.    03-13201
Monthly Court Report for    February-05
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	12,265.98		12,265.98			12,265.98		—	—	12,265.98
SUBTOTAL	12,265.98		12,265.98		—	12,265.98		—	—	12,265.98
	—					—		—	—	—
	—					—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(14,356.28	)	(14,356.28	)		(14,356.28	)	—	—	(14,356.28	)
	—					—			—	—
Funds Received From Sale of Tico Mississippi - sent directly to Finova	—					—		—	—	—
Holdback, Deposits and Escrows	—					—		—	—	—
	—					—		—	—	—
Total Cash Receipts and Transfers	(2,090.30	)	(2,090.30	)	—	(2,090.30	)	—	—	(2,090.30	)
Cash Disbursements - Loans
Loan Proceeds Checks	—		—			—		—	—	—
Expenses related to Loans	(2,529.73	)	(2,529.73	)		(2,529.73	)	—	—	(2,529.73	)
Subtotal - Loans	(2,529.73	)	(2,529.73	)		(2,529.73	)	—	—	(2,529.73	)
Cash Disbursements - Other	—
Advertising	—		—			—		—	—	—
Bank Charges	—		—			—		—	—	—
Claims Funding*	—		—			—		—	—	—
Company Auto	—		—			—		—	—	—
Computer Costs	—		—			—		—	—	—
Dues And Subscriptions	—		—			—		—	—	—
Employee Reimbursements - collections exp	439.43		439.43			439.43		—	—	439.43
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	439.43		439.43			439.43		—	—	439.43
TOTAL ALL CASH DISBURSEMENTS	(2,090.30	)	(2,090.30	)		(2,090.30	)	—	—	(2,090.30	)
	—		—			—		—	—	—
Book Balance per bank rec.	—

In re:	Case No.    03-13203
TICO Credit Company	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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	(71.34	)
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	($71.34	)

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO TENNESSEE	Case No.     03-13203	Case No.     03-13203
Monthly Court Report for    February-05
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	1,445.37		1,445.37				1,445.37		—	—	1,445.37
SUBTOTAL	1,445.37		1,445.37		—	—	1,445.37		—	—	1,445.37
	—						—		—	—	—
	—						—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(1,516.71	)	(1,516.71	)	—	—	(1,516.71	)	—	—	(1,516.71	)
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
Total Cash Receipts and Transfers	(71.34	)	(71.34	)	—	—	(71.34	)	—	—	(71.34	)
							—
Cash Disbursements - Loans							—
							—
Loan Proceeds Checks	—		—				—		—	—	—
Expenses related to Loans	(91.67	)	(91.67	)			(91.67	)	—	—	(91.67	)
Subtotal - Loans	(91.67	)	(91.67	)	—	—	(91.67	)	—	—	(91.67	)
							—
							—
Cash Disbursements - Other							—
Advertising	—		—				—		—	—	—
Bank Charges	—		—				—		—	—	—
Claims Funding*	—		—				—		—	—	—
Company Auto	—		—				—		—	—	—
Computer Costs	—		—				—		—	—	—
Dues And Subscriptions	—		—				—		—	—	—
Employee Reimbursements - collections exp	20.33		20.33				20.33		—	—	20.33
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	20.33		20.33		—	—	20.33		—	—	20.33
TOTAL ALL CASH DISBURSEMENTS	(71.34	)	(71.34	)	—	—	(71.34	)	—	—	(71.34	)
	(0.00	)	(0.00	)	—	—	(0.00	)	—	—	(0.00	)
Book Balance per bank rec.	—					—

In re:	Case No.    03-13197
TICO Credit Company of Tennessee, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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	Case #    03-13197	Case No.    03-13197
Monthly Court Report for    February-05
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:	Case No.    03-13198
TICO Credit Company of Mississippi, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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	Case #     03-13198	Case No.     03-13198
Monthly Court Report for     February-05
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:	Case No.     03-13202
Modern Financial Services, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period     February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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	Case #     03-13202	Case No.     03-13202
Monthly Court Report for     February-05
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:	Case No.     03-13204
Thaxton Investment Corporation	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period     February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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	Case No.     03-13204	Case No.     03-13204
Monthly Court Report for     February-05
FED ID #     57-1076628

Consolidated Totals

First Citizens Bank 650001120701

SCBT of Piedmont 30020101

Spratt Savings & Loan 70726

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     February-05
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 Tennessee 03-13206		Corporate HQ 03-13205		Operating		Payroll	Other	Total
Beginning Cash Position	2,103,921.31		257,478.97		926,232.05		556,860.20		52,864.01		—		181,600.30		128,885.78		2,103,921.31		—	—	2,103,921.31
	—		—		—		—		—		—		—						—	—	—
TICO Cash Collected	—		—		—		—		—		—		—		—		—		—	—	—
SM Cash Collected	12,036,384.85		352,321.50		2,695,149.38		2,882,294.65		1,395,320.74		1,554,582.72		1,182,883.33		1,973,832.53		12,036,384.85		—	—	12,036,384.85
TIG Cash Collected	—		—		—		—		—		—		—		—		—		—	—	—
TPF Cash Collected	—		—		—		—		—		—		—		—		—		—	—	—
TCL Cash Collected	—		—		—		—		—		—		—		—		—		—	—	—
Other Income Collected	13,383.65		30.99		3,515.36		4,310.60		313.37		234.47		1,621.45		3,357.41		13,383.65		—	—	13,383.65
SUBTOTAL	12,049,768.50		352,352.49		2,698,664.74		2,886,605.25		1,395,634.11		1,554,817.19		1,184,504.78		1,977,189.94		12,049,768.50		—	—	12,049,768.50
	—		—		—		—		—		—		—		—		—		—	—	—
	—		—		—		—		—		—		—		—		(2,461,717.23	)	2,461,717.23	—	—
GENERAL LEDGER SWEEPS AND TRANSFERS	(6,023,299.40	)	(124,266.66	)	(1,308,006.52	)	(1,134,195.44	)	(500,041.52	)	(666,922.11	)	(510,535.30	)	(1,779,331.85	)	(6,023,299.40	)	—	—	(6,023,299.40	)
	—		—		—		—		—		—		—		—		—		—	—	—
	—		—		—		—		—		—		—		—		—		—	—	—
	—		—		—		—		—		—		—		—		—		—	—	—
	—		—		—		—		—		—		—		—		—		—	—	—
Total Cash Receipts and Transfers	6,026,469.10		228,085.83		1,390,658.22		1,752,409.81		895,592.59		887,895.08		673,969.48		197,858.09		3,564,751.87		2,461,717.23	—	6,026,469.10
			—		—		—		—		—		—		—		—
Cash Disbursements - Loans			—		—		—		—		—		—		—		—
			—		—		—		—		—		—		—		—
Loan Proceeds Checks	2,678,781.97		98,073.04		746,753.49		765,186.26		320,855.86		389,471.33		358,441.99		—		2,678,781.97				2,678,781.97
Expenses related to Loans	281,778.88		10,346.96		65,919.25		80,706.70		43,573.43		51,252.95		29,979.59		—		281,778.88				281,778.88
Subtotal - Loans	2,960,560.85		108,420.00		812,672.74		845,892.96		364,429.29		440,724.28		388,421.58		—		2,960,560.85				2,960,560.85
			—		—		—		—		—		—		—		—				—
			—		—		—		—		—		—		—		—				—
Cash Disbursements - Other			—		—		—		—		—		—		—		—				—
Advertising	27,979.98		1,753.36		7,981.92		6,979.95		3,790.34		3,355.74		2,668.67		1,450.00		27,979.98				27,979.98
Bank Charges	18,152.04		—		—		—		—		—		—		18,152.04		18,152.04		—	—	18,152.04
Claims Funding*	105,761.50		8,974.82		28,545.79		12,399.72		4,918.86		9,025.93		16,080.16		25,816.22		105,761.50				105,761.50
Company Auto	3,775.68		326.98		157.58		1,198.00		54.26		—		—		2,038.86		3,775.68		—	—	3,775.68
Computer Costs	6,512.68		153.47		716.21		720.58		807.33		429.18		559.93		3,125.98		6,512.68		—	—	6,512.68
Dues And Subscriptions	782.74		—		—		353.15		—		—		179.59		250.00		782.74		—	—	782.74
Employee Reimbursements - collections exp	—		—		—		—		—		—		—		—		—		—	—	—
Equipment Rental	2,731.16		—		96.81		—		—		247.50		—		2,386.85		2,731.16		—	—	2,731.16
Fixed Assets	4,452.11		—		3,930.21		—		521.90		—		—		—		4,452.11		—	—	4,452.11
Forms & Printing	53,218.87		1,418.50		11,006.81		10,471.05		5,268.66		4,171.34		2,969.47		17,913.04		53,218.87		—	—	53,218.87
Insurance	42,047.52		868.40		7,492.76		5,205.38		3,177.12		3,434.68		2,149.40		19,719.78		42,047.52		—	—	42,047.52
Meals & Entertainment	12,956.14		572.88		4,405.47		4,485.57		1,668.56		4.15		575.44		1,244.07		12,956.14		—	—	12,956.14
Miscellaneous	8,120.17		190.00		1,932.50		1,572.50		707.50		1,092.00		1,025.00		1,600.67		8,120.17		—	—	8,120.17
Office Expense	6,143.12		285.55		1,626.74		492.64		413.59		122.68		103.96		3,097.96		6,143.12		—	—	6,143.12
Postage	33,411.97		1,242.24		8,108.12		7,264.89		3,297.65		2,832.73		1,986.23		8,680.11		33,411.97		—	—	33,411.97
Prepaid Expenses	—		—		—		—		—		—		—		—		—		—	—	—
Prepaid Software ABS	19,210.31		946.64		6,389.82		4,258.22		3,193.26		2,603.26		1,656.62		162.49		19,210.31		—	—	19,210.31
Professional Fees-Ordinary Course	435.10		435.10		—		—		—		—		—		—		435.10		—	—	435.10
Rent	177,815.06		6,586.75		57,727.79		36,911.25		23,717.88		19,253.23		17,164.19		16,453.97		177,815.06		—	—	177,815.06
Repairs & Maintenance	17,644.44		905.90		5,666.00		4,065.99		2,694.76		2,550.62		1,761.17		—		17,644.44		—	—	17,644.44
Roadgard	—		—		—		—		—		—		—		—		—		—	—	—
Seminars & Meetings	3,606.51		—		108.25		586.52		471.26		—		—		2,440.48		3,606.51		—	—	3,606.51
Taxes & Licenses	28,670.05		272.38		8,025.90		9,675.61		6,013.18		4,542.98		—		140.00		28,670.05		—	—	28,670.05
Telephone	89,724.90		3,286.93		20,823.33		23,110.77		13,769.06		12,759.88		8,486.89		7,488.04		89,724.90		—	—	89,724.90
Temporary Agency Staff	2,976.95		—		—		—		—		—		—		2,976.95		2,976.95		—	—	2,976.95
Travel	54,073.26		1,869.26		6,743.12		5,174.16		3,628.15		286.62		2,854.48		33,517.47		54,073.26		—	—	54,073.26
Utilities	40,279.17		3,073.48		12,274.52		8,815.62		6,544.42		5,420.40		4,150.73		—		40,279.17		—	—	40,279.17
Interest to Finova	—		—		—		—		—		—		—		—		—		—	—	—
Payroll Paid TTG	—		—		—		—		—		—		—		—		—		—	—	—
Payroll Paid SMC	2,461,717.23		86,173.51		420,681.26		740,253.83		388,749.02		327,637.71		241,383.83		256,838.07		—		2,461,717.23	—	2,461,717.23
Restructuring Officer	—		—		—		—		—		—		—		—		—		—	—	—
Insurance Renewal	—		—		—		—		—		—		—		—		—		—	—	—
Credit Insurance Payments	210,453.99		—		—		90,481.89		72,571.93		47,400.17		—		—		210,453.99		—	—	210,453.99
Pre-Filing Prepays	—		—		—		—		—		—		—		—		—		—	—	—
Deposit to Lender	—		—		—		—		—		—		—		—		—		—	—	—
US Trustee	—		—		—		—		—		—		—		—		—		—	—	—
Bankruptcy Professionals	—		—		—		—		—		—		—		—		—		—	—	—
Other	—		—		—		—		—		—		—		—		—		—	—	—
Total Other Cash Disbursements	3,432,652.65		119,336.15		614,440.91		974,477.29		545,978.69		447,170.80		305,755.76		425,493.05		970,935.42		2,461,717.23	—	3,432,652.65
			—		—				—								—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	6,393,213.50		227,756.15		1,427,113.65		1,820,370.25		910,407.98		887,895.08		694,177.34		425,493.05		3,931,496.27		2,461,717.23	—	6,393,213.50
					—
	1,737,176.91		257,808.65		889,776.62		488,899.76		38,048.62		—		161,392.44		(98,749.18	)	1,737,176.91		—	—	1,737,176.91
Book Balance per bank rec.	1,737,176.91		257,808.65		889,776.62		488,899.76		38,048.62		—		161,392.44		(98,749.18	)

THE THAXTON GROUP
Cash Disbursements for Southern Management Corp Consolidated	Wachovia 2000014825127
Monthly Court Report for    February-05	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	CORPORATE HQ
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	4,840,546.70		188,009.41	1,427,930.48	1,478,594.69	727,571.66	729,534.88	579,636.80	(290,731.22	)
OUTSTANDING CHECKS	—						—
Account # 2000014825127	—
Account # 2079900430903	—
	—
Total Cash Receipts and Transfers	4,840,546.70		188,009.41	1,427,930.48	1,478,594.69	727,571.66	729,534.88	579,636.80	(290,731.22	)
Cash Disbursements - Loans
Loan Proceeds Checks	2,678,781.97		98,073.04	746,753.49	765,186.26	320,855.86	389,471.33	358,441.99
Expenses related to Loans	281,778.88		10,346.96	65,919.25	80,706.70	43,573.43	51,252.95	29,979.59	—
Subtotal - Loans	2,960,560.85		108,420.00	812,672.74	845,892.96	364,429.29	440,724.28	388,421.58	—
Cash Disbursements - Other
Advertising	27,979.98		1,753.36	7,981.92	6,979.95	3,790.34	3,355.74	2,668.67	1,450.00
Bank Charges	18,152.04								18,152.04
Claims Funding*	105,761.50		8,974.82	28,545.79	12,399.72	4,918.86	9,025.93	16,080.16	25,816.22
Company Auto	3,775.68		326.98	157.58	1,198.00	54.26			2,038.86
Computer Costs	6,512.68		153.47	716.21	720.58	807.33	429.18	559.93	3,125.98
Dues And Subscriptions	782.74				353.15			179.59	250.00
Employee Reimbursements - collections exp	—
Equipment Rental	2,731.16			96.81			247.50		2,386.85
Fixed Assets	4,452.11			3,930.21		521.90
Forms & Printing	53,218.87		1,418.50	11,006.81	10,471.05	5,268.66	4,171.34	2,969.47	17,913.04
Insurance	42,047.52		868.40	7,492.76	5,205.38	3,177.12	3,434.68	2,149.40	19,719.78
Meals & Entertainment	12,956.14		572.88	4,405.47	4,485.57	1,668.56	4.15	575.44	1,244.07
Miscellaneous	8,120.17		190.00	1,932.50	1,572.50	707.50	1,092.00	1,025.00	1,600.67
Office Expense	6,143.12		285.55	1,626.74	492.64	413.59	122.68	103.96	3,097.96
Postage	33,411.97		1,242.24	8,108.12	7,264.89	3,297.65	2,832.73	1,986.23	8,680.11
Prepaid Expenses	—
Prepaid Software ABS	19,210.31		946.64	6,389.82	4,258.22	3,193.26	2,603.26	1,656.62	162.49
Professional Fees-Ordinary Course	435.10		435.10
Rent	177,815.06		6,586.75	57,727.79	36,911.25	23,717.88	19,253.23	17,164.19	16,453.97
Repairs & Maintenance	17,644.44		905.90	5,666.00	4,065.99	2,694.76	2,550.62	1,761.17
Roadgard	—
Seminars & Meetings	3,606.51			108.25	586.52	471.26			2,440.48
Taxes & Licenses	28,670.05		272.38	8,025.90	9,675.61	6,013.18	4,542.98		140.00
Telephone	89,724.90		3,286.93	20,823.33	23,110.77	13,769.06	12,759.88	8,486.89	7,488.04
Temporary Agency Staff	2,976.95								2,976.95
Travel	54,073.26		1,869.26	6,743.12	5,174.16	3,628.15	286.62	2,854.48	33,517.47
Utilities	40,279.17		3,073.48	12,274.52	8,815.62	6,544.42	5,420.40	4,150.73
Interest to Finova	—
Payroll Paid TTG	—
	1,503,049.17		46,426.77	421,498.09	398,478.27	205,912.70	169,277.51	126,843.29	134,612.54
Restructuring Officer	—
Insurance Renewal	—
Credit Insurance Carrier	210,453.99				90,481.89	72,571.93	47,400.17
Pre-Filing Prepays	—
Deposit to Lender	—
US Trustee	—
Bankruptcy Professionals	—
Other	—
Total Other Cash Disbursements	2,473,984.59		79,589.41	615,257.74	632,701.73	363,142.37	288,810.60	191,215.22	303,267.52
TOTAL ALL CASH DISBURSEMENTS	5,434,545.44		188,009.41	1,427,930.48	1,478,594.69	727,571.66	729,534.88	579,636.80	303,267.52
	(593,998.74	)	—	—	—	—	—	—	(593,998.74	)
Book Balance per bank rec.			—	—		—	—		(593,998.74	)

In re:	Case No.    03-13208
Covington Credit, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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		227,756.15
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	$	227,756.15

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Covington Credit, Inc	Case No.     03-13208	Case No.
Monthly Court Report for     February-05
FED ID #     57-1094987

	Consolidated Totals		Arvest Bank 11682857		Arvest Bank 11275222		F&M Bank & Trust Company 349836		F&M Bank & Trust Company 352357		RCB Bank 621656		WACHOVIA DISBURSE- MENT ACCOUNTS		WACHOVIA PAYROLL ACCOUNTS	Central National 212407		ARVEST 11860459		ARVEST 570344986			Operating		Payroll	Other
Beginning Cash Position	257,478.97		26,717.57		55,001.33		25,959.04		19,208.29		21,152.50		—		—	18,962.68		80,781.55		9,696.01			257,478.97		—	—
	—																						—		—	—
TICO Cash Collected	—																						—		—	—
SM Cash Collected	352,321.50		45,342.69		26,471.26		45,128.30		36,415.48		49,737.89		(25,805.54	)	39,746.74	57,654.53		33,812.31		43,817.84			312,574.76		39,746.74	—
TIG Cash Collected	—																						—		—	—
TPF Cash Collected	—																						—		—	—
TCL Cash Collected	—																						—		—	—
Other Income Collected	30.99												30.99										30.99		—	—
SUBTOTAL	352,352.49		45,342.69		26,471.26		45,128.30		36,415.48		49,737.89		(25,774.55	)	39,746.74	57,654.53		33,812.31		43,817.84		—	312,605.75		39,746.74	—
	—																						—		—	—
	—																						—		—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(124,266.66	)	(42,514.50	)	(20,303.00	)	(51,484.28	)	(37,328.03	)	(53,843.95	)	213,783.96			(60,603.32	)	(25,618.64	)	(46,354.90	)		(124,266.66	)	—	—
	—																						—		—	—
	—																						—		—	—
	—																						—		—	—
	—																						—		—	—
Total Cash Receipts and Transfers	228,085.83		2,828.19		6,168.26		(6,355.98	)	(912.55	)	(4,106.06	)	188,009.41		39,746.74	(2,948.79	)	8,193.67		(2,537.06	)	—	188,339.09		39,746.74	—
																							—		—
Cash Disbursements - Loans																							—		—
																							—		—
Loan Proceeds Checks	98,073.04												98,073.04										98,073.04		—
Expenses related to Loans	10,346.96												10,346.96										10,346.96		—
Subtotal - Loans	108,420.00		—		—		—		—		—		108,420.00		—	—		—		—			108,420.00		—	—
																							—		—
																							—		—
Cash Disbursements - Other	—																						—		—
Advertising	1,753.36												1,753.36										1,753.36		—
Bank Charges	—												—										—		—	—
Claims Funding*	8,974.82												8,974.82										8,974.82		—
Company Auto	326.98												326.98										326.98		—	—
Computer Costs	153.47												153.47										153.47		—	—
Dues And Subscriptions	—												—										—		—	—
Employee Reimbursements - collections exp	—												—										—		—	—
Equipment Rental	—												—										—		—	—
Fixed Assets	—												—										—		—	—
Forms & Printing	1,418.50												1,418.50										1,418.50		—	—
Insurance	868.40												868.40										868.40		—	—
Meals & Entertainment	572.88												572.88										572.88		—	—
Miscellaneous	190.00												190.00										190.00		—	—
Office Expense	285.55												285.55										285.55		—	—
Postage	1,242.24												1,242.24										1,242.24		—	—
Prepaid Expenses	—												—										—		—	—
Prepaid Software ABS	946.64												946.64										946.64		—	—
Professional Fees-Ordinary Course	435.10												435.10										435.10		—	—
Rent	6,586.75												6,586.75										6,586.75		—	—
Repairs & Maintenance	905.90												905.90										905.90		—	—
Roadgard	—												—										—		—	—
Seminars & Meetings	—												—										—		—	—
Taxes & Licenses	272.38												272.38										272.38		—	—
Telephone	3,286.93												3,286.93										3,286.93		—	—
Temporary Agency Staff	—												—										—		—	—
Travel	1,869.26												1,869.26										1,869.26		—	—
Utilities	3,073.48												3,073.48										3,073.48		—	—
Interest to Finova	—												—										—		—	—
Payroll Paid TTG	—												—										—		—	—
Payroll Paid SMC	86,173.51												46,426.77		39,746.74								46,426.77		39,746.74	—
Restructuring Officer	—												—										—		—	—
Insurance Renewal	—												—										—		—	—
Voyager Payment	—												—										—		—	—
Pre-Filing Prepays	—												—										—		—	—
Deposit to Lender	—												—										—		—	—
US Trustee	—												—										—		—	—
Bankruptcy Professionals	—												—										—		—	—
Other	—												—										—		—	—
Total Other Cash Disbursements	119,336.15		—		—		—		—		—		79,589.41		39,746.74	—		—		—			79,589.41		39,746.74	—
																							—		—	—
TOTAL ALL CASH DISBURSEMENTS	227,756.15		—		—		—		—		—		188,009.41		39,746.74	—		—		—			188,009.41		39,746.74	—
	257,808.65		29,545.76		61,169.59		19,603.06		18,295.74		17,046.44		—		—	16,013.89		88,975.22		7,158.95			257,808.65		—	—
Ending Bank Balance per bank rec.	257,808.65		29,545.76		61,169.59		19,603.06		18,295.74		17,046.44					16,013.89		88,975.22		7,158.95

In re:	Case No.    03-13212
Southern Finance of South Carolina, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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		1,820,370.25
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	$	1,820,370.25

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Southern Finance-SC	Case #    03-13212	Case No.     03-13212
Monthly Court Report for    February-05
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	556,860.20		17,279.91		11,146.19		23,081.97		397,721.70		16,576.05			—
	—
TICO Cash Collected	—
SM Cash Collected	2,882,294.65		56,626.08		63,651.08		59,932.83		2,155,557.23		95,030.27		54,346.14
TIG Cash Collected	—
TPF Cash Collected	—
TCL Cash Collected	—
Other Income Collected	4,310.60												4,310.60
SUBTOTAL	2,886,605.25		56,626.08		63,651.08		59,932.83		2,155,557.23		95,030.27		58,656.74	—
	—
	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(1,134,195.44	)	(59,403.19	)	(66,119.53	)	(63,816.07	)	(2,188,533.90	)	(97,476.28	)	1,419,937.95	341,775.56
	—
	—
	—
	—
Total Cash Receipts and Transfers	1,752,409.81		(2,777.11	)	(2,468.45	)	(3,883.24	)	(32,976.67	)	(2,446.01	)	1,478,594.69	341,775.56
Cash Disbursements - Loans
Loan Proceeds Checks	765,186.26												765,186.26
Expenses related to Loans	80,706.70												80,706.70
Subtotal -Loans	845,892.96												845,892.96
Cash Disbursements - Other
Advertising	6,979.95												6,979.95
Bank Charges	—
Claims Funding*	12,399.72												12,399.72
Company Auto	1,198.00												1,198.00
Computer Costs	720.58												720.58
Dues And Subscriptions	353.15												353.15
Employee Reimbursements - collections exp	—												—
Equipment Rental	—												—
Fixed Assets	—												—
Forms & Printing	10,471.05												10,471.05
Insurance	5,205.38												5,205.38
Meals & Entertainment	4,485.57												4,485.57
Miscellaneous	1,572.50												1,572.50
Office Expense	492.64												492.64
Postage	7,264.89												7,264.89
Prepaid Expenses	—												—
Prepaid Software ABS	4,258.22												4,258.22
Professional Fees-Ordinary Course	—												—
Rent	36,911.25												36,911.25
Repairs & Maintenance	4,065.99												4,065.99
Roadgard	—												—
Seminars & Meetings	586.52												586.52
Taxes & Licenses	9,675.61												9,675.61
Telephone	23,110.77												23,110.77
Temporary Agency Staff	—												—
Travel	5,174.16												5,174.16
Utilities	8,815.62												8,815.62
Interest to Finova	—												—
Payroll Paid TTG	—												—
Payroll Paid SMC	740,253.83												398,478.27	341,775.56
Restructuring Officer	—												—
Insurance Renewal	—												—
Voyager Payment	90,481.89												90,481.89
Pre-Filing Prepays	—												—
Deposit to Lender	—												—
US Trustee	—												—
Bankruptcy Professionals	—												—
Other	—												—
Total Other Cash Disbursements	974,477.29		—		—		—		—		—		632,701.73	341,775.56
TOTAL ALL CASH DISBURSEMENTS	1,820,370.25		—		—		—		—		—		1,478,594.69	341,775.56
	488,899.76		14,502.80		8,677.74		19,198.73		364,745.03		14,130.04		—	—
Book Balance per bank rec.	488,899.76		14,502.80		8,677.74		19,198.73		364,745.03		14,130.04

	South Carolina Bank and Trust 270002041		South Carolina Bank and Trust 270002058		Palmetto Bank 11055855		Operating		Payroll	Other	Total
Beginning Cash Position	19,846.92		24,083.10		47,124.36		556,860.20		—	—	556,860.20
									—	—	—
TICO Cash Collected							—		—	—	—
SM Cash Collected	79,462.77		77,581.03		240,107.22		2,882,294.65		—	—	2,882,294.65
TIG Cash Collected							—		—	—	—
TPF Cash Collected							—		—	—	—
TCL Cash Collected							—		—	—	—
Other Income Collected							4,310.60		—	—	4,310.60
SUBTOTAL	79,462.77		77,581.03		240,107.22		2,886,605.25		—	—	2,886,605.25
							—		—	—	—
							—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(85,314.32	)	(82,078.48	)	(253,167.18	)	(1,475,971.00	)	341,775.56	—	(1,134,195.44	)
							—		—	—	—
							—		—	—	—
							—		—	—	—
							—		—	—	—
Total Cash Receipts and Transfers	(5,851.55	)	(4,497.45	)	(13,059.96	)	1,410,634.25		341,775.56	—	1,752,409.81
							—
Cash Disbursements - Loans							—
							—
Loan Proceeds Checks							765,186.26				765,186.26
Expenses related to Loans							80,706.70				80,706.70
Subtotal -Loans							845,892.96				845,892.96
							—
							—
Cash Disbursements - Other							—
Advertising							6,979.95				6,979.95
Bank Charges							—		—	—	—
Claims Funding*							12,399.72				12,399.72
Company Auto							1,198.00		—	—	1,198.00
Computer Costs							720.58		—	—	720.58
Dues And Subscriptions							353.15		—	—	353.15
Employee Reimbursements - collections exp							—		—	—	—
Equipment Rental							—		—	—	—
Fixed Assets							—		—	—	—
Forms & Printing							10,471.05		—	—	10,471.05
Insurance							5,205.38		—	—	5,205.38
Meals & Entertainment							4,485.57		—	—	4,485.57
Miscellaneous							1,572.50		—	—	1,572.50
Office Expense							492.64		—	—	492.64
Postage							7,264.89		—	—	7,264.89
Prepaid Expenses							—		—	—	—
Prepaid Software ABS							4,258.22		—	—	4,258.22
Professional Fees-Ordinary Course							—		—	—	—
Rent							36,911.25		—	—	36,911.25
Repairs & Maintenance							4,065.99		—	—	4,065.99
Roadgard							—		—	—	—
Seminars & Meetings							586.52		—	—	586.52
Taxes & Licenses							9,675.61		—	—	9,675.61
Telephone							23,110.77		—	—	23,110.77
Temporary Agency Staff							—		—	—	—
Travel							5,174.16		—	—	5,174.16
Utilities							8,815.62		—	—	8,815.62
Interest to Finova							—		—	—	—
Payroll Paid TTG							—		—	—	—
Payroll Paid SMC							398,478.27		341,775.56	—	740,253.83
Restructuring Officer							—		—	—	—
Insurance Renewal							—		—	—	—
Voyager Payment							90,481.89		—	—	90,481.89
Pre-Filing Prepays							—		—	—	—
Deposit to Lender							—		—	—	—
US Trustee							—		—	—	—
Bankruptcy Professionals							—		—	—	—
Other							—		—	—	—
Total Other Cash Disbursements	—		—		—		974,477.29		—	—	974,477.29
							—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	—		—		—		1,478,594.69		341,775.56	—	1,820,370.25
	13,995.37		19,585.65		34,064.40		488,899.76		—	—	488,899.76
Book Balance per bank rec.	13,995.37		19,585.65		34,064.40

In re:	Case No.    03-13211
Covington Credit of Texas, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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		1,427,113.65
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	$	1,427,113.65

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Covington Credit of Texas	Case #     03-13211
Monthly Court Report for    February-05
FED ID #    57-1002963

	Consolidated Totals		1st Commerce Bank		1st Commerce Bank		American Bank of Texas		American National Bank		Bank of Texas		Community Bank & Trust		First State Bank
			350188		381959		1002218089		0010944		3000010649		100102889		2702488
Beginning Cash Position	926,232.05		17,745.65		15,717.84		10,956.58		14,006.03		20,789.21		27,849.00		21,985.33
	—
TICO Cash Collected	—
SM Cash Collected	2,695,149.38		57,618.43		71,264.52		62,918.17		77,207.96		48,938.11		81,742.02		62,954.19
TIG Cash Collected	—
TPF Cash Collected	—
TCL Cash Collected	—
Other Income Collected	3,515.36
SUBTOTAL	2,698,664.74		57,618.43		71,264.52		62,918.17		77,207.96		48,938.11		81,742.02		62,954.19
	—
	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(1,308,006.52	)	(61,094.38	)	(74,710.23	)	(64,175.73	)	(77,482.73	)	(51,085.06	)	(86,503.75	)	(62,883.31	)
	—										—
	—
	—
	—
Total Cash Receipts and Transfers	1,390,658.22		(3,475.95	)	(3,445.71	)	(1,257.56	)	(274.77	)	(2,146.95	)	(4,761.73	)	70.88
Cash Disbursements - Loans
Loan Proceeds Checks	746,753.49
Expenses related to Loans	65,919.25
Subtotal - Loans	812,672.74		—		—		—		—		—		—		—
Cash Disbursements - Other
Advertising	7,981.92
Bank Charges	—
Claims Funding*	28,545.79
Company Auto	157.58
Computer Costs	716.21
Dues And Subscriptions	—
Employee Reimbursements - collections exp	—
Equipment Rental	96.81
Fixed Assets	3,930.21
Forms & Printing	11,006.81
Insurance	7,492.76
Meals & Entertainment	4,405.47
Miscellaneous	1,932.50
Office Expense	1,626.74
Postage	8,108.12
Prepaid Expenses	—
Prepaid Software ABS	6,389.82
Professional Fees-Ordinary Course	—
Rent	57,727.79
Repairs & Maintenance	5,666.00
Roadgard	—
Seminars & Meetings	108.25
Taxes & Licenses	8,025.90
Telephone	20,823.33
Temporary Agency Staff	—
Travel	6,743.12
Utilities	12,274.52
Interest to Finova	—
Payroll Paid TTG	—
Payroll Paid SMC	420,681.26
Restructuring Officer	—
Insurance Renewal	—
Voyager Payment	—
Pre-Filing Prepays	—
Deposit to Lender	—
US Trustee	—
Bankruptcy Professionals	—
Other	—
Total Other Cash Disbursements	614,440.91		—		—		—		—		—		—		—
TOTAL ALL CASH DISBURSEMENTS	1,427,113.65		—		—		—		—		—		—		—
	889,776.62		14,269.70		12,272.13		9,699.02		13,731.26		18,642.26		23,087.27		22,056.21
Book Balance per bank rec.	889,776.62		14,269.70		12,272.13		9,699.02		13,731.26		18,642.26		23,087.27		22,056.21

	Frost National Bank		Hibernia National Bank		International Bank of Commerce		Kleberg First National Bank		Liberty Bank		Liberty National Bank		Prosperity Bank
	460020362		04122623		9004201		123390		2102872900		126979		2794981
Beginning Cash Position	23,858.21		15,947.05		125,546.61		19,401.69		16,246.37		21,713.94		22,041.71
TICO Cash Collected
SM Cash Collected	51,520.93		46,919.55		830,909.66		69,824.08		47,506.15		53,548.23		49,475.73
TIG Cash Collected
TPF Cash Collected
TCL Cash Collected
Other Income Collected
SUBTOTAL	51,520.93		46,919.55		830,909.66		69,824.08		47,506.15		53,548.23		49,475.73
GENERAL LEDGER DEPOSITS AND TRANSFERS	(52,106.84	)	(50,496.30	)	(831,718.73	)	(75,623.72	)	(47,876.31	)	(58,609.33	)	(53,534.47	)
Total Cash Receipts and Transfers	(585.91	)	(3,576.75	)	(809.07	)	(5,799.64	)	(370.16	)	(5,061.10	)	(4,058.74	)
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	—		—		—		—		—		—		—
	23,272.30		12,370.30		124,737.54		13,602.05		15,876.21		16,652.84		17,982.97
Book Balance per bank rec.	23,272.30		12,370.30		124,737.54		13,602.05		15,876.21		16,652.84		17,982.97

THE THAXTON GROUP

Cash Disbursements for Covington Credit of Texas

Monthly Court Report for    

FED ID #    

	Prosperity Bank		Prosperity Bank		Prosperity Bank		Community Bank & Trust		Guaranty Bank		Guaranty Bank		Guaranty Bank		Guaranty Bank
	2795011		2795791		75137494		11798527		380-3594062		380-3594567		380-3594609		380-3594559
Beginning Cash Position	17,131.84		9,740.96		22,715.49		34,596.12		9,887.45		50,354.58		31,940.03		60,947.77
TICO Cash Collected			—
SM Cash Collected	70,430.46		70,930.17		34,768.52		63,312.88		25,320.31		51,043.22		52,838.43		52,652.02
TIG Cash Collected
TPF Cash Collected
TCL Cash Collected			—
Other Income Collected
SUBTOTAL	70,430.46		70,930.17		34,768.52		63,312.88		25,320.31		51,043.22		52,838.43		52,652.02
GENERAL LEDGER DEPOSITS AND TRANSFERS	(74,524.77	)	(72,206.06	)	(38,991.27	)	(67,993.12	)	(25,547.86	)	(54,343.09	)	(57,266.77	)	(55,184.80	)
Total Cash Receipts and Transfers	(4,094.31	)	(1,275.89	)	(4,222.75	)	(4,680.24	)	(227.55	)	(3,299.87	)	(4,428.34	)	(2,532.78	)
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	—		—		—		—		—		—		—		—
	13,037.53		8,465.07		18,492.74		29,915.88		9,659.90		47,054.71		27,511.69		58,414.99
Book Balance per bank rec.	13,037.53		8,465.07		18,492.74		29,915.88		9,659.90		47,054.71		27,511.69		58,414.99

	Guaranty Bank		Guaranty Bank		Union Planter’s Bank		WACHOVIA DISBURSEMENT ACCOUNTS	WACHOVIA PAYROLL ACCOUNTS	Wells Fargo		Wells Fargo
	380-3594542		380-3594153		0080129775				4231233624		4231337470
Beginning Cash Position	80,175.33		49,608.26		19,861.46		—	—	20,084.87		17,988.81
TICO Cash Collected
SM Cash Collected	58,611.89		45,499.68		50,882.96		16,818.03		60,544.24		64,799.99
TIG Cash Collected
TPF Cash Collected
TCL Cash Collected
Other Income Collected							3,515.36
SUBTOTAL	58,611.89		45,499.68		50,882.96		20,333.39	—	60,544.24		64,799.99
GENERAL LEDGER DEPOSITS AND TRANSFERS	(61,643.87	)	(299.58	)	(51,646.69	)	986,099.00	420,681.26	(63,552.67	)	(66,564.24	)
Total Cash Receipts and Transfers	(3,031.98	)	45,200.10		(763.73	)	1,006,432.39	420,681.26	(3,008.43	)	(1,764.25	)
Cash Disbursements - Loans
Loan Proceeds Checks							746,753.49
Expenses related to Loans							65,919.25
Subtotal - Loans	—		—		—		812,672.74	—	—		—
Cash Disbursements - Other
Advertising							7,981.92
Bank Charges	—
Claims Funding*							28,545.79
Company Auto							157.58
Computer Costs							716.21
Dues And Subscriptions							—
Employee Reimbursements - collections exp							—
Equipment Rental							96.81
Fixed Assets							3,930.21
Forms & Printing							11,006.81
Insurance							7,492.76
Meals & Entertainment							4,405.47
Miscellaneous							1,932.50
Office Expense							1,626.74
Postage							8,108.12
Prepaid Expenses							—
Prepaid Software ABS							6,389.82
Professional Fees-Ordinary Course							—
Rent							57,727.79
Repairs & Maintenance							5,666.00
Roadgard							—
Seminars & Meetings							108.25
Taxes & Licenses							8,025.90
Telephone							20,823.33
Temporary Agency Staff							—
Travel							6,743.12
Utilities							12,274.52
Interest to Finova							—
Payroll Paid TTG							—
Payroll Paid SMC								420,681.26
Restructuring Officer							—
Insurance Renewal							—
Voyager Payment							—
Pre-Filing Prepays							—
Deposit to Lender							—
US Trustee							—
Bankruptcy Professionals							—
Other							—
Total Other Cash Disbursements	—		—		—		193,759.65	420,681.26	—		—
TOTAL ALL CASH DISBURSEMENTS	—		—		—		1,006,432.39	420,681.26	—		—
	77,143.35		94,808.36		19,097.73		—	—	17,076.44		16,224.56
Book Balance per bank rec.	77,143.35		94,808.36		19,097.73				17,076.44		16,224.56

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

	Wells Fargo 5505312659		Wells Fargo 5690474692		Wells Fargo 5880617148		Wells Fargo 7390259432		First National Bank Texas 001100998		Operating		Payroll	Other	Total
Beginning Cash Position	29,142.02		18,388.47		23,742.00		21,068.40		35,052.97		926,232.05		—	—	926,232.05
													—	—	—
TICO Cash Collected											—		—	—	—
SM Cash Collected	35,546.79		55,451.70		59,369.73		69,031.94		144,948.69		2,695,149.38		—	—	2,695,149.38
TIG Cash Collected											—		—	—	—
TPF Cash Collected											—		—	—	—
TCL Cash Collected											—		—	—	—
Other Income Collected											3,515.36		—	—	3,515.36
SUBTOTAL	35,546.79		55,451.70		59,369.73		69,031.94		144,948.69		2,698,664.74		—	—	2,698,664.74
											—		—	—	—
											—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(40,719.19	)	(56,011.80	)	(65,083.99	)	(73,691.08	)	(141,615.04	)	(1,728,687.78	)	420,681.26	—	(1,308,006.52	)
											—		—	—	—
											—		—	—	—
											—		—	—	—
											—		—	—	—
Total Cash Receipts and Transfers	(5,172.40	)	(560.10	)	(5,714.26	)	(4,659.14	)	3,333.65		969,976.96		420,681.26	—	1,390,658.22		—
													—
Cash Disbursements - Loans													—
											—		—
Loan Proceeds Checks											746,753.49		—		746,753.49
Expenses related to Loans											65,919.25		—		65,919.25
Subtotal - Loans	—		—		—		—		—		812,672.74		—	—	812,672.74
													—
													—
Cash Disbursements - Other													—
Advertising											7,981.92		—	—	7,981.92
Bank Charges									—		—			—	—
Claims Funding*											28,545.79		—		28,545.79
Company Auto											157.58		—	—	157.58
Computer Costs											716.21		—	—	716.21
Dues And Subscriptions											—		—	—	—
Employee Reimbursements - collections exp											—		—	—	—
Equipment Rental											96.81		—	—	96.81
Fixed Assets											3,930.21		—	—	3,930.21
Forms & Printing											11,006.81		—	—	11,006.81
Insurance											7,492.76		—	—	7,492.76
Meals & Entertainment											4,405.47		—	—	4,405.47
Miscellaneous											1,932.50		—	—	1,932.50
Office Expense											1,626.74		—	—	1,626.74
Postage											8,108.12		—	—	8,108.12
Prepaid Expenses											—		—	—	—
Prepaid Software ABS											6,389.82		—	—	6,389.82
Professional Fees-Ordinary Course											—		—	—	—
Rent											57,727.79		—	—	57,727.79
Repairs & Maintenance											5,666.00		—	—	5,666.00
Roadgard											—		—	—	—
Seminars & Meetings											108.25		—	—	108.25
Taxes & Licenses											8,025.90		—	—	8,025.90
Telephone											20,823.33		—	—	20,823.33
Temporary Agency Staff											—		—	—	—
Travel											6,743.12		—	—	6,743.12
Utilities											12,274.52		—	—	12,274.52
Interest to Finova											—		—	—	—
Payroll Paid TTG											—		—	—	—
Payroll Paid SMC											—		420,681.26	—	420,681.26
Restructuring Officer											—		—	—	—
Insurance Renewal											—		—	—	—
Voyager Payment											—		—	—	—
Pre-Filing Prepays											—		—	—	—
Deposit to Lender											—		—	—	—
US Trustee											—		—	—	—
Bankruptcy Professionals											—		—	—	—
Other											—		—	—	—
Total Other Cash Disbursements	—		—		—		—		—		193,759.65		420,681.26	—	614,440.91
											—			—	—
TOTAL ALL CASH DISBURSEMENTS	—		—		—		—		—		1,006,432.39		420,681.26	—	1,427,113.65
	23,969.62		17,828.37		18,027.74		16,409.26		38,386.62		889,776.62		—	—	889,776.62
Book Balance per bank rec.	23,969.62		17,828.37		18,027.74		16,409.26		38,386.62

In re:	Case No.    03-13213
Quick Credit Corporation, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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		887,895.08
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	$	887,895.08

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Quick Credit Corporation, Inc.	03-13213	Case No. 03-13213
Monthly Court Report for    February-05
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	1,554,582.72		1,554,582.72			1,554,582.72		—	—	1,554,582.72
TIG Cash Collected	—					—		—	—	—
TPF Cash Collected	—					—		—	—	—
TCL Cash Collected	—					—		—	—	—
Other Income Collected	234.47		234.47			234.47		—	—	234.47
SUBTOTAL	1,554,817.19		1,554,817.19		—	1,554,817.19		—	—	1,554,817.19
	—					—		—	—	—
	—					—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(666,922.11	)	(825,282.31	)	158,360.20	(825,282.31	)	158,360.20	—	(666,922.11	)
	—					—		—	—	—
	—					—		—	—	—
	—					—		—	—	—
	—					—		—	—	—
Total Cash Receipts and Transfers	887,895.08		729,534.88		158,360.20	729,534.88		158,360.20	—	887,895.08
Cash Disbursements - Loans
Loan Proceeds Checks	389,471.33		389,471.33			389,471.33				389,471.33
Expenses related to Loans	51,252.95		51,252.95			51,252.95				51,252.95
Subtotal - Loans	440,724.28		440,724.28		—	440,724.28		—	—	440,724.28
			—			—				—
			—			—				—
Cash Disbursements - Other			—			—				—
Advertising	3,355.74		3,355.74			3,355.74				3,355.74
Bank Charges	—		—			—		—	—	—
Claims Funding*	9,025.93		9,025.93			9,025.93				9,025.93
Company Auto	—		—			—		—	—	—
Computer Costs	429.18		429.18			429.18		—	—	429.18
Dues And Subscriptions	—		—			—		—	—	—
Employee Reimbursements - collections exp	—		—			—		—	—	—
Equipment Rental	247.50		247.50			247.50		—	—	247.50
Fixed Assets	—		—			—		—	—	—
Forms & Printing	4,171.34		4,171.34			4,171.34		—	—	4,171.34
Insurance	3,434.68		3,434.68			3,434.68		—	—	3,434.68
Meals & Entertainment	4.15		4.15			4.15		—	—	4.15
Miscellaneous	1,092.00		1,092.00			1,092.00		—	—	1,092.00
Office Expense	122.68		122.68			122.68		—	—	122.68
Postage	2,832.73		2,832.73			2,832.73		—	—	2,832.73
Prepaid Expenses	—		—			—		—	—	—
Prepaid Software ABS	2,603.26		2,603.26			2,603.26		—	—	2,603.26
Professional Fees-Ordinary Course	—		—			—		—	—	—
Rent	19,253.23		19,253.23			19,253.23		—	—	19,253.23
Repairs & Maintenance	2,550.62		2,550.62			2,550.62		—	—	2,550.62
Roadgard	—		—			—		—	—	—
Seminars & Meetings	—		—			—		—	—	—
Taxes & Licenses	4,542.98		4,542.98			4,542.98		—	—	4,542.98
Telephone	12,759.88		12,759.88			12,759.88		—	—	12,759.88
Temporary Agency Staff	—		—			—		—	—	—
Travel	286.62		286.62			286.62		—	—	286.62
Utilities	5,420.40		5,420.40			5,420.40		—	—	5,420.40
Interest to Finova	—		—			—		—	—	—
Payroll Paid TTG	—		—			—		—	—	—
Payroll Paid SMC	327,637.71		169,277.51		158,360.20	169,277.51		158,360.20	—	327,637.71
Restructuring Officer	—		—			—		—	—	—
Insurance Renewal	—		—			—		—	—	—
Voyager Payment	47,400.17		47,400.17			47,400.17		—	—	47,400.17
Pre-Filing Prepays	—		—			—		—	—	—
Deposit to Lender	—		—			—		—	—	—
US Trustee	—		—			—		—	—	—
Bankruptcy Professionals	—		—			—		—	—	—
Other	—		—			—		—	—	—
Total Other Cash Disbursements	447,170.80		288,810.60		158,360.20	288,810.60		158,360.20	—	447,170.80
TOTAL ALL CASH DISBURSEMENTS	887,895.08		729,534.88		158,360.20	729,534.88		158,360.20	—	887,895.08
	—		—		—	—		—	—	—
Book Balance per bank rec.	—

In re:	Case No.    03-13209
Covington Credit of Georgia, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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		910,407.98
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	$	910,407.98

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Covington Credit of GA	Case #     03-13209	Case No.     03-13209
Monthly Court Report for     February-05
FED ID #     58-1435012

	Consolidated Totals		Bank of Perry 429068		Flag Financial Corp 0189003751		WACHOVIA DISBURSEMENT ACCOUNTS		WACHOVIA PAYROLL ACCOUNTS	Operating		Payroll	Other	Total
Beginning Cash Position	52,864.01		18,819.69		34,044.32		—		—	52,864.01		—	—	52,864.01
	—											—	—	—
TICO Cash Collected	—									—		—	—	—
SM Cash Collected	1,395,320.74		53,655.99		127,643.60		1,214,021.15			1,395,320.74		—	—	1,395,320.74
TIG Cash Collected	—									—		—	—	—
TPF Cash Collected	—									—		—	—	—
TCL Cash Collected	—									—		—	—	—
Other Income Collected	313.37						313.37			313.37		—	—	313.37
SUBTOTAL	1,395,634.11		53,655.99		127,643.60		1,214,334.52		—	1,395,634.11		—	—	1,395,634.11
	—									—		—	—	—
	—									—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(500,041.52	)	(59,503.66	)	(136,611.32	)	(486,762.86	)	182,836.32	(682,877.84	)	182,836.32	—	(500,041.52	)
	—									—		—	—	—
	—									—		—	—	—
	—									—		—	—	—
	—									—		—	—	—
Total Cash Receipts and Transfers	895,592.59		(5,847.67	)	(8,967.72	)	727,571.66		182,836.32	712,756.27		182,836.32	—	895,592.59
Cash Disbursements - Loans
										—
Loan Proceeds Checks	320,855.86						320,855.86			320,855.86				320,855.86
Expenses related to Loans	43,573.43						43,573.43			43,573.43				43,573.43
Subtotal - Loans	364,429.29		—		—		364,429.29		—	364,429.29		—	—	364,429.29
	—									—
	—									—
Cash Disbursements - Other	—									—
Advertising	3,790.34						3,790.34			3,790.34				3,790.34
Bank Charges	—						—			—		—	—	—
Claims Funding*	4,918.86						4,918.86			4,918.86				4,918.86
Company Auto	54.26						54.26			54.26		—	—	54.26
Computer Costs	807.33						807.33			807.33		—	—	807.33
Dues And Subscriptions	—						—			—		—	—	—
Employee Reimbursements - collections exp	—						—			—		—	—	—
Equipment Rental	—						—			—		—	—	—
Fixed Assets	521.90						521.90			521.90		—	—	521.90
Forms & Printing	5,268.66						5,268.66			5,268.66		—	—	5,268.66
Insurance	3,177.12						3,177.12			3,177.12		—	—	3,177.12
Meals & Entertainment	1,668.56						1,668.56			1,668.56		—	—	1,668.56
Miscellaneous	707.50						707.50			707.50		—	—	707.50
Office Expense	413.59						413.59			413.59		—	—	413.59
Postage	3,297.65						3,297.65			3,297.65		—	—	3,297.65
Prepaid Expenses	—						—			—		—	—	—
Prepaid Software ABS	3,193.26						3,193.26			3,193.26		—	—	3,193.26
Professional Fees-Ordinary Course	—						—			—		—	—	—
Rent	23,717.88						23,717.88			23,717.88		—	—	23,717.88
Repairs & Maintenance	2,694.76						2,694.76			2,694.76		—	—	2,694.76
Roadgard	—						—			—		—	—	—
Seminars & Meetings	471.26						471.26			471.26		—	—	471.26
Taxes & Licenses	6,013.18						6,013.18			6,013.18		—	—	6,013.18
Telephone	13,769.06						13,769.06			13,769.06		—	—	13,769.06
Temporary Agency Staff	—						—			—		—	—	—
Travel	3,628.15						3,628.15			3,628.15		—	—	3,628.15
Utilities	6,544.42						6,544.42			6,544.42		—	—	6,544.42
Interest to Finova	—						—			—		—	—	—
Payroll Paid TTG	—						—			—		—	—	—
Payroll Paid SMC	388,749.02						205,912.70		182,836.32	205,912.70		182,836.32	—	388,749.02
Restructuring Officer	—						—			—		—	—	—
Insurance Renewal	—						—			—		—	—	—
Voyager Payment	72,571.93						72,571.93			72,571.93		—	—	72,571.93
Pre-Filing Prepays	—						—			—		—	—	—
Deposit to Lender	—						—			—		—	—	—
US Trustee	—						—			—		—	—	—
Bankruptcy Professionals	—						—			—		—	—	—
Other	—						—			—		—	—	—
Total Other Cash Disbursements	545,978.69		—		—		363,142.37		182,836.32	363,142.37		182,836.32	—	545,978.69
										—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	910,407.98		—		—		727,571.66		182,836.32	727,571.66		182,836.32	—	910,407.98
	38,048.62		12,972.02		25,076.60		—		—	38,048.62		—	—	38,048.62
Book Balance per bank rec.	38,048.62		12,972.02		25,076.60

In re:	Case No.    03-13206
Southern Finance of Tennessee, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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		694,177.34
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	$	694,177.34

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Southern Finance of TN	Case #    03-13206	Case No.    03-13206
Monthly Court Report for    February-05
FED ID #    62-1618281

	Consolidated Totals		Peoples 5003363		Union Planters 3600381309		WACHOVIA DISBURSEMENT ACCOUNTS	WACHOVIA PAYROLL ACCOUNTS	First Tennessee 103193515		Operating		Payroll	Other	Total
Beginning Cash Position	181,600.30		23,011.96		33,959.20		—	—	124,629.14		181,600.30		—	—	181,600.30
	—										—		—	—	—
TICO Cash Collected	—										—		—	—	—
SM Cash Collected	1,182,883.33		58,760.01		53,803.02		185,432.45		884,887.85		1,182,883.33		—	—	1,182,883.33
TIG Cash Collected	—										—		—	—	—
TPF Cash Collected	—										—		—	—	—
TCL Cash Collected	—										—		—	—	—
Other Income Collected	1,621.45						1,621.45				1,621.45		—	—	1,621.45
SUBTOTAL	1,184,504.78		58,760.01		53,803.02		187,053.90	—	884,887.85		1,184,504.78		—	—	1,184,504.78
	—										—		—	—	—
	—										—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(510,535.30	)	(65,229.67	)	(60,245.58	)	392,582.90	114,540.54	(892,183.49	)	(625,075.84	)	114,540.54	—	(510,535.30	)
	—										—		—	—	—
	—										—		—	—	—
	—										—		—	—	—
	—										—		—	—	—
Total Cash Receipts and Transfers	673,969.48		(6,469.66	)	(6,442.56	)	579,636.80	114,540.54	(7,295.64	)	559,428.94		114,540.54	—	673,969.48
											—
Cash Disbursements - Loans											—
											—
Loan Proceeds Checks	358,441.99						358,441.99				358,441.99				358,441.99
Expenses related to Loans	29,979.59						29,979.59				29,979.59				29,979.59
Subtotal - Loans	388,421.58		—		—		388,421.58	—	—		388,421.58		—	—	388,421.58
											—
											—
Cash Disbursements - Other											—
Advertising	2,668.67						2,668.67				2,668.67				2,668.67
Bank Charges	—				—		—				—		—	—	—
Claims Funding*	16,080.16						16,080.16				16,080.16				16,080.16
Company Auto	—						—				—		—	—	—
Computer Costs	559.93						559.93				559.93		—	—	559.93
Dues And Subscriptions	179.59						179.59				179.59		—	—	179.59
Employee Reimbursements - collections exp	—						—				—		—	—	—
Equipment Rental	—						—				—		—	—	—
Fixed Assets	—						—				—		—	—	—
Forms & Printing	2,969.47						2,969.47				2,969.47		—	—	2,969.47
Insurance	2,149.40						2,149.40				2,149.40		—	—	2,149.40
Meals & Entertainment	575.44						575.44				575.44		—	—	575.44
Miscellaneous	1,025.00						1,025.00				1,025.00		—	—	1,025.00
Office Expense	103.96						103.96				103.96		—	—	103.96
Postage	1,986.23						1,986.23				1,986.23		—	—	1,986.23
Prepaid Expenses	—						—				—		—	—	—
Prepaid Software ABS	1,656.62						1,656.62				1,656.62		—	—	1,656.62
Professional Fees-Ordinary Course	—						—				—		—	—	—
Rent	17,164.19						17,164.19				17,164.19		—	—	17,164.19
Repairs & Maintenance	1,761.17						1,761.17				1,761.17		—	—	1,761.17
Roadgard	—						—				—		—	—	—
Seminars & Meetings	—						—				—		—	—	—
Taxes & Licenses	—						—				—		—	—	—
Telephone	8,486.89						8,486.89				8,486.89		—	—	8,486.89
Temporary Agency Staff	—						—				—		—	—	—
Travel	2,854.48						2,854.48				2,854.48		—	—	2,854.48
Utilities	4,150.73						4,150.73				4,150.73		—	—	4,150.73
Interest to Finova	—						—				—		—	—	—
Payroll Paid TTG	—						—				—		—	—	—
Payroll Paid SMC	241,383.83						126,843.29	114,540.54			126,843.29		114,540.54	—	241,383.83
Restructuring Officer	—						—				—		—	—	—
Insurance Renewal	—						—				—		—	—	—
Voyager Payment	—						—				—		—	—	—
Pre-Filing Prepays	—						—				—		—	—	—
Deposit to Lender	—						—				—		—	—	—
US Trustee	—						—				—		—	—	—
Bankruptcy Professionals	—						—				—		—	—	—
Other	—						—				—		—	—	—
Total Other Cash Disbursements	305,755.76		—		—		191,215.22	114,540.54	—		191,215.22		114,540.54	—	305,755.76
											—
TOTAL ALL CASH DISBURSEMENTS	694,177.34		—		—		579,636.80	114,540.54	—		579,636.80		114,540.54	—	694,177.34
	161,392.44		16,542.30		27,516.64		—	—	117,333.50		161,392.44		—	—	161,392.44
Book Balance per bank rec.	161,392.44		16,542.30		27,516.64				117,333.50

In re:	Case No.    03-13205
Southern Management Corporation	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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		425,493.05
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	$	425,493.05

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Southern Management Corp	Case No.    03-13205	Case No.    03-13205
Monthly Court Report for    February-05
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	128,885.78		101,056.93	861,602.48		(536,685.41	)	(297,088.22	)	128,885.78		—	—	128,885.78
	—											—	—	—
TICO Cash Collected	—									—		—	—	—
SM Cash Collected	1,973,832.53			1,973,832.53				—		1,973,832.53		—	—	1,973,832.53
TIG Cash Collected	—									—		—	—	—
TPF Cash Collected	—									—		—	—	—
TCL Cash Collected	—									—		—	—	—
Other Income Collected	3,357.41		133.31	3,224.10						3,357.41		—	—	3,357.41
SUBTOTAL	1,977,189.94		133.31	1,977,056.63		—		—		1,977,189.94		—	—	1,977,189.94
	—									—		—	—	—
	—									—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(1,779,331.85	)		(2,299,535.72	)	245,954.19		274,249.68		(2,053,581.53	)	274,249.68	—	(1,779,331.85	)
	—									—		—	—	—
	—									—		—	—	—
	—									—		—	—	—
	—									—		—	—	—
Total Cash Receipts and Transfers	197,858.09		133.31	(322,479.09	)	245,954.19		274,249.68		(76,391.59	)	274,249.68	—	197,858.09
Cash Disbursements - Loans
Loan Proceeds Checks	—									—
Expenses related to Loans	—					—				—				—
Subtotal - Loans	—		—	—		—		—		—		—	—	—
Cash Disbursements - Other	—									—
Advertising	1,450.00					1,450.00				1,450.00				1,450.00
Bank Charges	18,152.04					18,152.04				18,152.04		—	—	18,152.04
Claims Funding*	25,816.22					25,816.22				25,816.22				25,816.22
Company Auto	2,038.86					2,038.86				2,038.86		—	—	2,038.86
Computer Costs	3,125.98					3,125.98				3,125.98		—	—	3,125.98
Dues And Subscriptions	250.00					250.00				250.00		—	—	250.00
Employee Reimbursements - collections exp	—					—				—		—	—	—
Equipment Rental	2,386.85					2,386.85				2,386.85		—	—	2,386.85
Fixed Assets	—					—				—		—	—	—
Forms & Printing	17,913.04					17,913.04				17,913.04		—	—	17,913.04
Insurance	19,719.78					19,719.78				19,719.78		—	—	19,719.78
Meals & Entertainment	1,244.07					1,244.07				1,244.07		—	—	1,244.07
Miscellaneous	1,600.67					1,600.67				1,600.67		—	—	1,600.67
Office Expense	3,097.96					3,097.96				3,097.96		—	—	3,097.96
Postage	8,680.11					8,680.11				8,680.11		—	—	8,680.11
Prepaid Expenses	—					—				—		—	—	—
Prepaid Software ABS	162.49					162.49				162.49		—	—	162.49
Professional Fees-Ordinary Course	—					—				—		—	—	—
Rent	16,453.97					16,453.97				16,453.97		—	—	16,453.97
Repairs & Maintenance	—					—				—		—	—	—
Roadgard	—					—				—		—	—	—
Seminars & Meetings	2,440.48					2,440.48				2,440.48		—	—	2,440.48
Taxes & Licenses	140.00					140.00				140.00		—	—	140.00
Telephone	7,488.04					7,488.04				7,488.04		—	—	7,488.04
Temporary Agency Staff	2,976.95					2,976.95				2,976.95		—	—	2,976.95
Travel	33,517.47					33,517.47				33,517.47		—	—	33,517.47
Utilities	—					—				—		—	—	—
Interest to Finova	—					—				—		—	—	—
Payroll Paid TTG	—					—				—		—	—	—
Payroll Paid SMC	256,838.07					134,612.54		122,225.53		134,612.54		122,225.53	—	256,838.07
Restructuring Officer	—					—				—		—	—	—
Insurance Renewal	—					—				—		—	—	—
Voyager Payment	—					—				—		—	—	—
Pre-Filing Prepays	—					—				—		—	—	—
Deposit to Lender	—					—				—		—	—	—
US Trustee	—					—				—		—	—	—
Bankruptcy Professionals	—					—				—		—	—	—
Other	—					—				—		—	—	—
Total Other Cash Disbursements	425,493.05		—	—		303,267.52		122,225.53		303,267.52		122,225.53	—	425,493.05
										—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	425,493.05		—	—		303,267.52		122,225.53		303,267.52		122,225.53	—	425,493.05
	(98,749.18	)	101,190.24	539,123.39		(593,998.74	)	(145,064.07	)	(250,773.33	)	152,024.15	—	(98,749.18	)
Book Balance per bank rec.	(98,749.18	)	101,190.24	539,123.39		(593,998.74	)	(145,064.07	)
	0.00		—			—
				—

In re:	Case No.     03-13207
Southern Financial Management, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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 Southern Management - Dormant	Case #    03-13207	Case No.    03-13207
Monthly Court Report for    February-05
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:	Case No.    03-13210
Covington Credit of Louisiana, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    February-05

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 Payroll						Current Month				Cumulative Filing to Date
	Operating				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 Southern Management -Lousiana -InActive	Case #    03-13210	Case No.    03-13210
Monthly Court Report for    February-05
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:	Case No.    03-13182 - 03-13213
THE THAXTON GROUP	Jointly Administered
SEE ATTACHED FINANCIAL STATEMENTS	Reporting Period    February-05

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 Profit (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:	Case No.    03-13182 - 03-13213
THE THAXTON GROUP	Jointly Administered
SEE ATTACHED FINANCIAL STATEMENTS	Reporting Period    February-05

STATEMENT OF OPERATIONS - continuation sheet

BREAKDOWN OF OTHER CATEGORY	Month		Cumulative Filing to Date
Other Costs
Total Other Costs	$	0.00	$	0.00
Other Operation as 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

2/28/2005

	Premium Finance		Commercial Lending	Insurance Group	Southern		Corporate		Eliminations	Total Continuing Ops.				Discontinued TICO		Total Company
Net Interest Income
Interest Income	23		—	—	2,781,000		—		—	2,781,023		65.4	%	—		2,781,023		65.6	%
I/B Income	—		—	—	—		—		—	—		0.0	%	1,357		1,357		0.0	%
Fee Income	—		—	—	436,090		—		—	436,090		10.3	%	—		436,090		10.3	%
Late Charges	34		—	—	251,132		—		—	251,166		5.9	%	—		251,166		5.9	%
Total Interest Income	57		—	—	3,468,222		—		—	3,468,279		81.6	%	1,357		3,469,636		81.8	%
Interest Expense	27		—	—	91,498		389,868		—	481,392		11.3	%	846		482,239		11.4	%
Net Interest Income	30		—	—	3,376,725		(389,868	)	—	2,986,887		70.3	%	511		2,987,397		70.5	%
Provision for Loan Losses
P&L Recoveries	—		—	—	(73,543	)	—		—	(73,543	)	-1.7	%	(36,647	)	(110,190	)	-2.6	%
Reserves	—		—	—	(515,720	)	—		—	(515,720	)	-12.1	%	—		(515,720	)	-12.2	%
Cash	—		—	—	1,480,979		—		—	1,480,979		34.9	%	—		1,480,979		34.9	%
Total Provision	—		—	—	891,717		—		—	891,717		21.0	%	(36,647	)	855,070		20.2	%
Net Interest included Provision	30		—	—	2,485,007		(389,868	)	—	2,095,170				37,158		2,132,328
Revenues
Premiums on Loans Sold	—		—	—	—		—		—	—		0.0	%	—		—		0.0	%
Insurance Premiums	—		—	—	439,763		—		—	439,763		10.3	%	(10,050	)	429,713		10.1	%
Insurance Commissions	—		—	—	(26,763	)	—		—	(26,763	)	-0.6	%	—		(26,763	)	-0.6	%
Earned Insurance	—		—	—	—		—		—	—		0.0	%	—		—		0.0	%
Processing Fees	—		—	—	—		—		—	—		0.0	%	—		—		0.0	%
Other Fees	—		—	—	26,695		—		—	26,695		0.6	%	—		26,695		0.6	%
Other Income	—		—	—	375,296		(34,142	)	—	341,153		8.0	%	(14	)	341,140		8.0	%
Total Direct Income	—		—	—	814,991		(34,142	)	—	780,849		18.4	%	(10,063	)	770,785		18.2	%
Total Revenue	57		—	—	4,283,213		(34,142	)	—	4,249,128		100.0	%	(8,706	)	4,240,421		100.0	%
Expenses
Personnel
Salaries & Wages	—		—	—	1,209,989		78,073		—	1,288,063		30.3	%	—		1,288,063		30.4	%
Commissions/Bonus	—		—	—	306,209		165		—	306,374		7.2	%	—		306,374		7.2	%
Benefits	—		—	—	154,983		2,743		—	157,726		3.7	%	—		157,726		3.7	%
Taxes	—		—	—	148,166		5,176		—	153,342		3.6	%	—		153,342		3.6	%
Other	—		—	—	5,110		3,647		—	8,757		0.2	%	—		8,757		0.2	%
Total Personnel	—		—	—	1,824,457		89,805		—	1,914,262		45.1	%	—		1,914,262		45.1	%
Building
Rent	—		—	—	175,558		17,347		—	192,905		4.5	%	(313	)	192,592		4.5	%
Utilities	—		—	—	41,411		2,268		—	43,680		1.0	%	—		43,680		1.0	%
Depreciation	—		—	—	61,158		9,253		—	70,410		1.7	%	10,901		81,311		1.9	%
Other	—		—	—	14,998		—		—	14,998		0.4	%	—		14,998		0.4	%
Total Building	—		—	—	293,126		28,868		—	321,993		7.6	%	10,588		332,581		7.8	%
Telecommunications
Telephone	63		—	—	90,184		5,932		—	96,179		2.3	%	(6	)	96,174		2.3	%
Computers	1,090		—	—	30,761		3,677		—	35,528		0.8	%	518		36,045		0.9	%
Office Expense	—		—	—	—		—		—	—		0.0	%	—		—		0.0	%
Other	—		—	—	—		—		—	—		0.0	%	—		—		0.0	%
Total Telecommunications	1,153		—	—	120,945		9,609		—	131,707		3.1	%	512		132,219		3.1	%
Advertising	—		—	—	164,549		—		—	164,549		3.9	%	—		164,549		3.9	%
Reinsurance Claims Expense	—		—	—	(4,993	)	—		—	(4,993	)	-0.1	%	32,161		27,168		0.6	%
Reinsurance Commission Exp	—		—	—	—		—		—	—		0.0	%	(13,219	)	(13,219	)	-0.3	%
Professional Fees	—		—	—	34,624		40,082		—	74,706		1.8	%	50		74,756		1.8	%
Collection Expense	—		—	—	(99	)	—		—	(99	)	0.0	%	4,964		4,865		0.1	%
Travel	—		—	—	106,452		426		—	106,878		2.5	%	—		106,878		2.5	%
Office Expense	10		—	—	104,081		3,368		—	107,460		2.5	%	—		107,460		2.5	%
Entertainment	—		—	—	—		—		—	—		0.0	%	—		—		0.0	%
Amortization	—		—	—	12,309		—		—	12,309		0.3	%	—		12,309		0.3	%
Taxes & Licenses	—		—	—	25,977		—		—	25,977		0.6	%	1,115		27,092		0.6	%
Other	531		—	—	43,455		4,917		—	48,903		1.2	%	(28,722	)	20,181		0.5	%
Total Other Expense	541		—	—	185,823		8,285		—	194,649		4.6	%	(27,607	)	167,042		3.9	%
Total Direct Expense	1,721		—	—	3,708,097		566,943		—	4,276,761		100.7	%	(28,352	)	4,248,409		100.2	%
Allocated Expense	—		—	—	—		—		—	—		0.0	%	—		—		0.0	%
Net Income Before Restructure	(1,664	)	—	—	575,116		(601,085	)	—	(27,634	)	-0.7	%	19,645		(7,988	)	-0.2	%
Restructuring Expenses	—		—	—	—		1,671,265		—	1,671,265		39.3	%	—		1,671,265		39.4	%
Net Income After Restructure	(1,664	)	—	—	575,116		(2,272,351	)	—	(1,698,899	)			19,645		(1,679,254	)
Income Tax (34%)	—		—	—	222,110		—		—	222,110		5.2	%	—		222,110		5.2	%
Net Income	(1,664	)	—	—	353,006		(2,272,351	)	—	(1,921,009	)	-45.2	%	19,645		(1,901,364	)	-44.8	%

The Thaxton Group

YTD Income Statement

2/28/2005

	Premium Finance		Commercial Lending	Insurance Group	Southern		Corporate		Eliminations	Total Continuing Ops.				Discontinued Ops TICO		Total Company
Net Interest Income
Interest Income	45		—	—	6,014,104		—		—	6,014,149		69.3	%	—		6,014,149		69.9	%
I/B Income	—		—	—	—		—		—	—		0.0	%	9,399		9,399		0.1	%
Fee Income	—		—	—	907,052		—		—	907,052		10.5	%	—		907,052		10.5	%
Late Charges	(279	)	—	—	560,816		—		—	560,537		6.5	%	—		560,537		6.5	%
Total Interest Income	(234	)	—	—	7,481,972		—		—	7,481,738		86.2	%	9,399		7,491,137		87.1	%
Interest Expense	67		—	—	230,397		783,732		—	1,014,196		11.7	%	1,950		1,016,146		11.8	%
Net Interest Income	(301	)	—	—	7,251,575		(783,732	)	—	6,467,541		74.6	%	7,450		6,474,991		75.3	%
Provision for Loan Losses
P&L Recoveries	—		—	—	(146,338	)	—		—	(146,338	)	-1.7	%	(84,751	)	(231,089	)	-2.7	%
Reserves	—		—	—	(448,328	)	—		—	(448,328	)	-5.2	%	—		(448,328	)	-5.2	%
Cash	147		—	—	2,295,178		—		—	2,295,325		26.5	%	4,247		2,299,572		26.7	%
Total Provision	147		—	—	1,700,512		—		—	1,700,659		19.6	%	(80,504	)	1,620,155		18.8	%
Net Interest included Provision	(448	)	—	—	5,551,062		(783,732	)	—	4,766,882				87,954		4,854,836
Revenues
Premiums on Loans Sold	—		—	—	—		—		—	—		0.0	%	—		—		0.0	%
Insurance Premiums	—		—	—	811,659		—		—	811,659		9.4	%	(80,931	)	730,728		8.5	%
Insurance Commissions	—		—	—	(64,266	)	—		—	(64,266	)	-0.7	%	—		(64,266	)	-0.7	%
Earned Insurance	—		—	—	—		—		—	—		0.0	%	—		—		0.0	%
Processing Fees	—		—	—	—		—		—	—		0.0	%	—		—		0.0	%
Other Fees	—		—	—	55,765		—		—	55,765		0.6	%	—		55,765		0.6	%
Other Income	—		—	—	377,424		12,849		—	390,273		4.5	%	209		390,481		4.5	%
Total Direct Income	—		—	—	1,180,582		12,849		—	1,193,431		13.8	%	(80,723	)	1,112,708		12.9	%
Total Revenue	(234	)	—	—	8,662,554		12,849		—	8,675,168		100.0	%	(71,323	)	8,603,845		100.0	%
Expenses
Personnel
Salaries & Wages	—		—	—	2,469,956		124,106		—	2,594,062		29.9	%	14,676		2,608,737		30.3	%
Commissions/Bonus	—		—	—	565,679		343		—	566,021		6.5	%	(65	)	565,957		6.6	%
Benefits	—		—	—	299,930		4,681		—	304,611		3.5	%	1,006		305,617		3.6	%
Taxes	—		—	—	315,797		9,362		—	325,159		3.7	%	1,426		326,585		3.8	%
Other	—		—	—	7,788		7,019		—	14,807		0.2	%	—		14,807		0.2	%
Total Personnel	—		—	—	3,659,150		145,511		—	3,804,661		43.9	%	17,043		3,821,704		44.4	%
Building
Rent	—		—	—	348,661		34,011		—	382,671		4.4	%	(190	)	382,481		4.4	%
Utilities	—		—	—	79,380		3,699		—	83,080		1.0	%	511		83,591		1.0	%
Depreciation	—		—	—	123,290		24,378		—	147,668		1.7	%	21,808		169,476		2.0	%
Other	—		—	—	30,060		—		—	30,060		0.3	%	—		30,060		0.3	%
Total Building	—		—	—	581,390		62,088		—	643,478		7.4	%	22,130		665,608		7.7	%
Telecommunications
Telephone	240		—	—	188,875		3,040		—	192,155		2.2	%	892		193,047		2.2	%
Computers	2,275		—	—	64,602		7,604		—	74,480		0.9	%	1,747		76,228		0.9	%
Office Expense	—		—	—	—		—		—	—		0.0	%	—		—		0.0	%
Other	—		—	—	—		—		—	—		0.0	%	—		—		0.0	%
Total Telecommunications	2,514		—	—	253,476		10,644		—	266,635		3.1	%	2,639		269,274		3.1	%
Advertising	—		—	—	320,419		—		—	320,419		3.7	%	—		320,419		3.7	%
Reinsurance Claims Expense	—		—	—	(27,544	)	—		—	(27,544	)	-0.3	%	(14,647	)	(42,191	)	-0.5	%
Reinsurance Commission Exp	—		—	—	—		—		—	—		0.0	%	4,277		4,277		0.0	%
Professional Fees	—		—	—	77,009		82,805		—	159,814		1.8	%	100		159,914		1.9	%
Collection Expense	—		—	—	2,420		—		—	2,420		0.0	%	13,483		15,903		0.2	%
Travel	—		—	—	178,898		1,050		—	179,948		2.1	%	—		179,948		2.1	%
Office Expense	42		—	—	198,381		8,225		—	206,649		2.4	%	1,173		207,822		2.4	%
Entertainment	—		—	—	—		—		—	—		0.0	%	—		—		0.0	%
Amortization	—		—	—	24,617		—		—	24,617		0.3	%	—		24,617		0.3	%
Taxes & Licenses	—		—	—	70,714		24,811		—	95,525		1.1	%	5,123		100,648		1.2	%
Other	1,189		—	—	123,349		7,308		—	131,846		1.5	%	(68,473	)	63,374		0.7	%
Total Other Expense	1,231		—	—	417,062		40,345		—	458,638		5.3	%	(62,177	)	396,461		4.6	%
Total Direct Expense	3,960		—	—	7,393,189		1,126,175		—	8,523,323		98.2	%	(95,705	)	8,427,618		98.0	%
Allocated Expense	—		—	—	—		—		—	—		0.0	%	—		—		0.0	%
Net Income Before Restructure	(4,194	)	—	—	1,269,365		(1,113,326	)	—	151,845		1.8	%	24,382		176,227		2.0	%
Restructuring Expenses	—		—	—	—		3,563,947		—	3,563,947		41.1	%	—		3,563,947		41.4	%
Net Income After Restructure	(4,194	)	—	—	1,269,365		(4,677,273	)	—	(3,412,102	)			24,382		(3,387,720	)
Income Tax (34%)	—		—	—	490,227		—		—	490,227		5.7	%	—		490,227		5.7	%
NET INCOME	(4,194	)	—	—	779,138		(4,677,273	)	—	(3,902,329	)	-45.0	%	24,382		(3,877,947	)	-45.1	%

THE THAXTON GROUP MONTHLY OPERATING REPORT - February 2005 Income Statement YTD

In re:	Case No.    03-13182 - 03-13213
THE THAXTON GROUP	Jointly Administered
SEE ATTACHED FINANCIAL STATEMENTS	Reporting Period    February-05

BALANCE SHEET

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

ASSETS	Book Value at End of Current Reporting Month		Book Value on Petition Date
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
LIABILITIES AND OWNER EQUITY	Book Value at End of Current Reporting Month		Book Value on Petition Date
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:	Case No.    03-13182 - 03-13213
THE THAXTON GROUP	Jointly Administered
SEE ATTACHED FINANCIAL STATEMENTS	Reporting Period    February-05

BALANCE SHEET

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

from postpetition obligations.

ASSETS	Book Value at End of Current Reporting Month		Book Value on Petition Date
Other Current Assets
Total Other Current Assets	$	0.00	$	0.00
Other Assets
Total Other Assets	$	0.00	$	0.00
LIABILITIES AND OWNER EQUITY	Book Value at End of Current Reporting Month		Book Value on Petition Date
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

2/28/2005

	Premium Finance		Commercial Lending	Insurance Group		Southern		Corporate		Corporate Eliminations		Total Continuing Ops		Discontinued Operations				Total Disc. Ops		Total Company
														TICO		Reinsurance
Assets
Cash/Investments	(6,438	)	—	(7,539	)	1,999,977		48,831,426		—		50,817,426		(38,536	)	—		(38,536	)	50,778,890
Restricted Cash	—		—	—		—		12,196,688		—		12,196,688		—		—		—		12,196,688
Finance Receivables, GROSS	15,882		—	—		65,062,048		—		—		65,077,930		565,106		—		565,106		65,643,036
Loans Held for Sale	—		—	—		—		—		—		—		—		—		—		—
Deferred Loan Cost, NET	—		—	—		—		—		—		—		—		—		—		—
Unearned Interest	—		—	—		(11,075,675	)	—		—		(11,075,675	)	(23	)	—		(23	)	(11,075,698	)
Loss Reserve	—		—	—		(5,022,660	)	(25,000	)	—		(5,047,660	)	(974,556	)	—		(974,556	)	(6,022,216	)
Unearned Insurance	—		—	—		(831,839	)	—		—		(831,839	)	(2,004,223	)	(401,184	)	(2,405,407	)	(3,237,246	)
Dealer Holdback	—		—	—		—		—		—		—		—		—		—		—
Premises and Equipment, GROSS	—		—	—		6,593,657		811,493		—		7,405,149		679,026		—		679,026		8,084,176
Accumulated Depreciation	—		—	—		(4,833,323	)	(653,202	)	—		(5,486,524	)	(493,207	)	—		(493,207	)	(5,979,732	)
Accounts Receivable	73,260		—	(102	)	400,702		4,457,663		—		4,931,523		1,655,216		(3,075,487	)	(1,420,270	)	3,511,253
Repossessed Automobiles	—		—	—		—		—		—		—		118,670		—		118,670		118,670
Intercompany Balance	574,381		57,761	(3,405,610	)	(30,702,440	)	77,332,445		(6,248,675	)	37,607,861		(47,195,951	)	9,588,090		(37,607,861	)	0
Goodwill	—		—	—		18,187,201		—		—		18,187,201		—		—		—		18,187,201
Other Intangible Assets	—		—	—		694		—		—		694		—		—		—		694
Accumulated Amortization	—		—	—		(298,601	)	—		—		(298,601	)	—		—		—		(298,601	)
Memo Assets	—		—	—		—		—		—		—		—		—		—		—
Investment In Subsidiary	—		—	—		—		12,160,920		(12,160,920	)	—		—		—		—		—
DAC Commissions	—		—	—		—		—		—		—		—		130,683		130,683		130,683
Prepaid Assets	—		—	—		708,483		17,534		—		726,017		25,449		—		25,449		751,467
Other Assets	—		—	—		(98,132	)	142,365		—		44,233		11,696		83,822		95,518		139,751
Total Assets	657,086		57,761	(3,413,251	)	40,090,092		155,272,332		(18,409,595	)	174,254,425		(47,651,333	)	6,325,925		(41,325,408	)	132,929,016
Liabilities & Stockholders’ Equity
Liabilities
Accrued Interest Payable	—		—	1,510		—		2,672,925		—		2,674,434		32,347		—		32,347		2,706,781
Notes Payable	—		—	67,738		—		60,462,870		—		60,530,608		—		—		—		60,530,608
Subordinated Notes Payable	—		—	—		—		120,905,289		—		120,905,289		1,896,058		—		1,896,058		122,801,348
Accounts Payable	4,236		1,509	13,541		725,288		83,968		—		828,542		493,774		326,951		820,725		1,649,267
Employee Savings	—		—	—		289		1,060,395		—		1,060,684		—		—		—		1,060,684
Income Taxes Payable	—		—	—		2,838,499		—		—		2,838,499		—		124,370		124,370		2,962,870
Claims Reserves	—		—	—		—		—		—		—		—		217,396		217,396		217,396
Accrued Liabilities - Other	4,058		—	—		2,171,151		72,800		—		2,248,009		29,159		8,171		37,330		2,285,339
Other Liabilities	296,177		—	—		518,528		41,261		—		855,965		43,644		206,087		249,731		1,105,696
Total Liabilities	304,471		1,509	82,789		6,253,754		185,299,508		—		191,942,031		2,494,982		882,975		3,377,957		195,319,988
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	851,000		—	800,000		1,768,585		8,835,246		(3,419,685	)	8,835,146		—		—		—		8,835,146
Dividends	—		—	—		(1,078,197	)	(443,873	)	1,079,297		(442,773	)	—		—		—		(442,773	)
Retained Earnings	(519,190	)	56,252	(4,704,772	)	34,948,955		(33,818,752	)	(18,010,334	)	(22,047,842	)	(50,041,121	)	5,106,090		(44,935,031	)	(66,982,873	)
Equity in Subsidiary	—		—	—		—		—		—		—		—		—		—		—
Current Year Income (Loss)	(4,194	)	—	—		571,854		(4,677,273	)	—		(4,109,612	)	(105,194	)	336,860		231,666		(3,877,947	)
Total Stockholders’ Equity	352,615		56,252	(3,496,040	)	33,836,338		(30,027,176	)	(18,409,595	)	(17,687,607	)	(50,146,315	)	5,442,950		(44,703,365	)	(62,390,972	)
Total Liabilities & Stockholders’ Equity	657,086		57,761	(3,413,251	)	40,090,092		155,272,332		(18,409,595	)	174,254,425		(47,651,333	)	6,325,925		(41,325,408	)	132,929,016

THE THAXTON GROUP MONTHLY OPERATING REPORT - February 2005

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

In re:	Case No.    03-13182 - 03-13213
THE THAXTON GROUP	Jointly Administered
	Reporting Period    February 28, 2005

STATUS OF POSTPETITION TAXES

The beginning tax liability should be the ending liability from the prior month 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 reporting period.

	Beginning Tax Liability		Amount Withheld or Accrued		Amount Paid		Date Paid		Check No. or EFT	Ending Tax Liability
Federal*
Withholding		0	$	276,059.73	$	276,059.73		Bi-Weekly	EFT		0
FICA-Employee		0	$	110,788.39	$	110,788.39		Bi-Weekly	EFT		0
FICA-Employer		0	$	128,023.98	$	128,023.98		Bi-Weekly	EFT		0
Unemployment		0	$	9,646.03	$	9,646.03		Bi-Weekly	EFT		0
Income		0
Other:		0
Corp Taxes
Total Federal Taxes	$	0.00	$	524,518.13	$	524,518.13	$	0.00		$	0.00
State and Local
Withholding		0	$	66,966.26	$	66,966.26		Bi-Weekly			0
Sales		0	$	—				None
Excise		0						N/A
Unemployment		0	$	—	$	—		Bi-Weekly			0
Real Property		0	$	10,554.15	$	10,554.15
Personal Property				1,504.00	$	1,504.00
Other:		0		17,971.48	$	17,971.48					0
Total State and Local Taxes	$	0.00	$	96,995.89	$	96,995.89	$	0.00		$	0.00
TOTAL TAXES			$	621,514.02	$	621,514.02				$	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		escrowed										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

Monthly Court Report for    February-05

	Consolidated Totals		TICO- AL	TICO- GA	TICO- DE	TICO- MS	TICO- NC	TICO- OH	MODERN REC	TICO- SC	TICO- TN	TICO- HQ	TICO PREMIUM	COMMERCIAL LENDING	THAXTON INSURANCE	CORPORATE
Beginning Cash Position	(1,805.80	)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	(1,805.80	)
	0.00
	0.00
	0.00
	0.00
SUBTOTAL	0.00		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00
GENERAL LEDGER DEPOSITS AND TRANSFERS	59,580.50		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	15,261.39	0.00	0.00	0.00	44,319.11
Outstanding Checks - Adjustment	0.00
	0.00
	0.00
	0.00
	0.00
Total Cash Receipts and Transfers	59,580.50		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	15,261.39	0.00	0.00	0.00	44,319.11
Cash Disbursments
Advertising	0.00
Bank Charges	0.00									0.00	0.00	0.00	0.00	0.00		0.00
Claims Funding*	0.00									0.00	0.00	0.00	0.00	0.00		0.00
Company Auto	0.00									0.00	0.00	0.00	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	0.00	0.00	0.00		0.00
Equipment Rental	0.00									0.00	0.00	0.00	0.00	0.00		0.00
Fixed Assets	0.00									0.00	0.00	0.00	0.00	0.00		0.00
Forms & Printing	0.00									0.00	0.00	0.00	0.00	0.00	0.00	0.00
Insurance	0.00
Meals & Entertainment	0.00									0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous	0.00									0.00	0.00	0.00	0.00	0.00		0.00
Office Expense	0.00
Postage	0.00
Prepaid Expenses	0.00									0.00	0.00	0.00	0.00	0.00		0.00
Prepaid Software ABS	0.00									0.00	0.00	0.00	0.00	0.00	0.00	0.00
Professional Fees-Ordinary Course	0.00
Rent	0.00
Repairs & Maintenance	0.00									0.00	0.00	0.00	0.00	0.00		0.00
Roadgard	0.00									0.00	0.00	0.00	0.00	0.00		0.00
Seminars & Meetings	0.00									0.00	0.00	0.00	0.00	0.00		0.00
Taxes & Licenses	0.00									0.00	0.00	0.00	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	62,209.21		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	15,261.39	0.00	0.00	0.00	46,947.82
Employee Witholding of Insurance/etc	(4,389.87	)														(4,389.87	)
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
	57,819.34		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	15,261.39	0.00	0.00	0.00	42,557.95
	(44.64	)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	(44.64	)

THE THAXTON GROUP
Cash Disbursements for Consolidated Payroll Account - THE THAXTON GROUP	Case No.    01-10571
Wachovia 2000014825402
Monthly Court Report for

	Operating	Payroll		Other	Total
Beginning Cash Position	0.00	(1,805.80	)	0.00	(1,805.80	)
	0.00	0.00		0.00	0.00
	0.00	0.00		0.00	0.00
	0.00	0.00		0.00	0.00
	0.00	0.00		0.00	0.00
SUBTOTAL	0.00	0.00		0.00	0.00
	0.00	0.00		0.00	0.00
	0.00	0.00		0.00	0.00
GENERAL LEDGER DEPOSITS AND TRANSFERS	0.00	59,580.50		0.00	59,580.50
Outstanding Checks - Adjustment	0.00	0.00		0.00	0.00
	0.00	0.00		0.00	0.00
	0.00	0.00		0.00	0.00
	0.00	0.00		0.00	0.00
	0.00	0.00		0.00	0.00
	0.00	0.00		0.00	0.00
Total Cash Receipts and Transfers	0.00	59,580.50		0.00	59,580.50
Cash Disbursments
Advertising	0.00	0.00		0.00	0.00
Bank Charges	0.00				0.00
Claims Funding*	0.00				0.00
Company Auto	0.00				0.00
Computer Costs
Dues And Subscriptions
Employee Reimbursements - collections exp	0.00				0.00
Equipment Rental	0.00				0.00
Fixed Assets	0.00				0.00
Forms & Printing	0.00				0.00
Insurance	0.00				0.00
Meals & Entertainment	0.00				0.00
Miscellaneous	0.00				0.00
Office Expense	0.00				0.00
Postage	0.00				0.00
Prepaid Expenses	0.00				0.00
Prepaid Software ABS	0.00				0.00
Professional Fees-Ordinary Course	0.00				0.00
Rent	0.00				0.00
Repairs & Maintenance	0.00				0.00
Roadgard	0.00				0.00
Seminars & Meetings	0.00				0.00
Taxes & Licenses	0.00				0.00
Telephone	0.00				0.00
Temporary Agency Staff	0.00	0.00			0.00
Travel	0.00	0.00			0.00
Utilities	0.00	0.00			0.00
Interest to Finova	0.00				0.00
Payroll Paid TTG	0.00	62,209.21			62,209.21
Employee Witholding of Insurance/etc	0.00	(4,389.87	)		(4,389.87	)
Restructuring Officer	0.00				0.00
Insurance Renewal	0.00				0.00
Voyager Payment	0.00				0.00
Pre-Filing Prepays	0.00				0.00
Deposit to Lender	0.00				0.00
US Trustee	0.00				0.00
Bankruptcy Professionals	0.00				0.00
Other	0.00				0.00
	0.00				0.00
	0.00				0.00
	0.00				0.00
	0.00	0.00			0.00
	0.00				0.00
	0.00	57,819.34		0.00	57,819.34
	0.00	(44.64	)	0.00	(44.64	)

PAYROLL - THE THAXTON GROUP

	Period Ending 2/4/2005			Period Ending 2/18/2005			Period Ending		Total
Corporate
Salary expense	$	23,027.33		$	19,762.46		$	—	$	42,789.79
FICA/FUTA/SUTA	$	2,163.05		$	1,657.50		$	—	$	3,820.55
401(k) match	$	168.74		$	168.74		$	—	$	337.48
Overtime	$	—		$	—				$	—
Bonus	$	—		$	—				$	—
Total	$	25,359.12		$	21,588.70		$	—	$	46,947.82
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	$	6,717.77		$	6,717.77		$	—	$	13,435.54
FICA/FUTA/SUTA	$	686.37		$	669.16		$	—	$	1,355.53
401(k) match	$	152.85		$	152.85		$	—	$	305.70
Overtime	$	—		$	—		$	—	$	—
Commissions	$	—		$	—		$	—	$	—
Bonus	$	164.62		$	—		$	—	$	164.62
Total	$	7,721.61		$	7,539.78		$	—	$	15,261.39
Period Total	$	33,080.73		$	29,128.48		$	—	$	62,209.21
401(k) payable	$	(1,319.87	)	$	(1,319.87	)	$	—	$	(2,639.74	)
Payable to reimbursement	$	—		$	—		$	—	$	—
Dental insurance	$	(25.86	)	$	(25.86	)	$	—	$	(51.72	)
Cancer insurance	$	(31.82	)	$	(31.82	)	$	—	$	(63.64	)
Life insurance	$	(28.30	)	$	(28.30	)	$	—	$	(56.60	)
Contingent health liability	$	(684.51	)	$	(678.39	)	$	—	$	(1,362.90	)
Tax/stale date adj	$	(215.27	)	$	—				$	(215.27	)
Tax levy									$	—
Advance				$	—
Unidentified	$	—
KERP	$	—		$	—
Company car	$	—		$	—		$	—
	$	30,775.10		$	27,044.24		$	—	$	57,819.34
	$	(2,305.63	)	$	(2,084.24	)	$	—	$	(4,389.87	)
									$	—
									$	—
Net Checks	$	—		$	—		$	—	$	—
Direct Deposits	$	20,917.07		$	18,349.66		$	—	$	39,266.73
Wage Garnishments	$	—		$	—		$	—	$	—
Federal Tax	$	3,446.02		$	3,029.86		$	—	$	6,475.88
EE SS Tax	$	1,814.99		$	1,602.67		$	—	$	3,417.66
ER SS Tax	$	1,814.98		$	1,602.67		$	—	$	3,417.65
EE Med Tax	$	424.46		$	374.83		$	—	$	799.29
ER Med Tax	$	424.47		$	374.82		$	—	$	799.29
State/local Tax	$	1,538.41		$	1,360.56		$	—	$	2,898.97
Futa	$	174.28		$	99.76				$	274.04
Suta	$	435.69		$	249.41				$	685.10
Adjustments	$	—		$	—		$	—	$	—
GRAND TOTAL	$	30,990.37		$	27,044.24		$	—	$	58,034.61
									$	—
reconciliation	$	215.27		$	—		$	—	$	215.27
Accrual	$	2,520.90		$	2,084.24		$	—	$	4,605.14

PAYROLL - TICO

	Period Ending 2/4/2005		Period Ending 2/18/2005		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	$	6,717.77	$	6,717.77	$	—	$	13,435.54
FICA/FUTA/SUTA	$	686.37	$	669.16	$	—	$	1,355.53
401(k) match	$	152.85	$	152.85	$	—	$	305.70
Overtime	$	—	$	—			$	—
Commissions	$	—	$	—			$	—
Bonus	$	164.62	$	—	$	—	$	164.62
Total	$	7,721.61	$	7,539.78	$	—	$	15,261.39
Modern
Salary expense	$	—	$	—	$	—	$	—
FICA/FUTA/SUTA	$	—	$	—	$	—	$	—
401(k) match	$	—	$	—	$	—	$	—
Overtime	$	—	$	—			$	—
Commissions	$	—	$	—			$	—
Bonus	$	—	$	—
Total	$	—	$	—	$	—	$	—
Period Total	$	7,721.61	$	7,539.78	$	—	$	15,261.39

THE THAXTON GROUP	Wachovia #    2000014825703
Cash Disbursements for THAXTON INVESTMENT PAYROLL	2079900431038
Wachovia	540439122
Monthly Court Report for    February-05	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	(110,858.73	)	—		—		—		—		—				(110,858.73	)
	—
	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	1,193,936.66		39,746.74		420,681.26		341,775.56		182,836.32		158,360.20		114,540.54		(64,003.96	)
Outstanding Checks	—										—
	—
Total Cash Receipts and Transfers	1,193,936.66		39,746.74		420,681.26		341,775.56		182,836.32		158,360.20		114,540.54		(64,003.96	)
Cash Disbursements - Loans
Gross Wages	1,971,613.72		43,651.21		516,167.74		506,246.49		193,515.95		199,629.29		113,689.67		398,713.37
Federal Tax	269,583.85		3,027.69		65,657.62		70,879.36		18,992.21		21,699.00		10,804.59		78,523.38
SS Tax	107,370.73		2,614.19		30,992.00		30,664.88		11,772.05		12,124.46		6,880.50		12,322.65
Med Tax	28,117.84		611.38		7,364.99		7,236.55		2,753.14		2,849.56		1,609.15		5,693.07
EIC	(102.53	)	—		—		(102.53	)	—		—		—		—
State Tax	67,406.52		1,376.00		96.53		25,111.50		7,724.42		8,598.15		99.76		24,400.16
Advance	(2,525.00	)	—		(1,100.00	)	(1,000.00	)	(400.00	)	—		—		(25.00	)
Mileage	(42,399.00	)	(1,035.16	)	(13,227.36	)	(13,106.49	)	(4,231.47	)	(6,373.64	)	(4,364.72	)	(60.16	)
Miscellaneous	—		—		—		—		—		—		—		—
Shortage	115.35		—		—		9.35		83.00		20.00		3.00		—
STD	1,992.56		80.33		681.42		412.73		243.76		227.14		188.36		158.82
Medical	23,697.52		1,256.28		5,833.53		5,117.93		2,661.64		2,195.74		2,033.48		4,598.92
401K Loans	5,141.47		—		2,644.64		1,230.04		428.26		(76.89	)	—		915.42
401K Deducts	29,580.93		551.12		7,633.09		5,510.11		2,049.55		873.97		160.07		12,803.02
AHL Dental	5,336.98		181.96		1,243.02		1,337.38		871.44		656.20		578.34		468.64
AHL Cancer	1,298.30		48.84		435.86		267.86		117.08		146.50		103.72		178.44
AHL Life	3,163.78		161.04		899.36		683.57		478.69		439.84		292.06		209.22
Flex Med	1,974.60		—		466.04		535.36		—		—		—		973.20
Dep Care	317.24		—		269.24		48.00		—		—		—		—
Stop Payment Fee	—		—		—		—		—		—		—		—
Garnishment fee	111.00		1.00		38.00		28.00		12.00		8.00		20.00		4.00
Garnishment	1,095.84		271.21		374.46		228.87		—		—		221.30		—
Bankrpc	440.00		—		—		—		440.00		—		—		—
Child support	11,304.54		127.06		4,542.53		1,632.04		1,553.19		241.02		2,098.50		1,110.20
Tax Levy	565.00		—		—		450.00		40.00		75.00		—		—
Fringe	—		—		—		—		—		—		—		—
STD Net	—		—		—		—		—		—		—		—
SS Tax Adjust	—		—		—		—		—		—		—		—
Other	—		—		—		—		—		—		—		—
	513,587.52		9,272.94		114,844.97		137,174.51		45,588.96		43,704.05		20,728.11		142,273.98
Gross To Net (includes adj.)	—		—		—		—		—		—		—		—
Prepays and voids	—		—		—		—		—		—		—		—
DD Reversals & adjs.	—		—		—		—		—		—		—		—
Net DD/live checks	—		—		—		—		—		—		—		—
	—		—		—		—		—		—		—		—
FUNDING REQUIREMENTS			—		—		—		—		—		—		—
Net Checks	—		—		—		—		—		—		—		—
Direct Deposits	—		—		—		—		—		—		—		—
Wage Garnishments	13,405.38		398.27		4,916.99		2,310.91		2,033.19		316.02		2,319.80		1,110.20
Federal Tax	269,583.85		3,027.69		65,657.62		70,879.36		18,992.21		21,699.00		10,804.59		78,523.38
EE SS Tax	107,370.73		2,614.19		30,992.00		30,664.88		11,772.05		12,124.46		6,880.50		12,322.65
ER SS Tax	107,370.80		2,614.18		30,991.98		30,664.89		11,772.11		12,124.52		6,880.49		12,322.63
EE Med Tax	28,117.84		611.38		7,364.99		7,236.55		2,753.14		2,849.56		1,609.15		#REF!
ER Med Tax	28,117.89		611.37		7,364.98		7,236.56		2,753.16		2,849.58		1,609.15		5,693.09
State Tax	64,067.29		1,376.00		96.53		25,111.50		7,724.42		5,258.92		99.76		24,400.16
Futa	9,371.99		332.41		2,786.49		2,362.94		1,311.41		1,185.17		834.71		558.86
Suta	40,865.60		548.13		10,666.46		10,042.28		9,014.46		5,037.02		3,195.97		2,361.28
	—		—		—		—		—		—		—		—
Total Amt Debited from our Acct			—		—		—		—		—		—		—
Cash BY ENTITY	1,380,166.15		39,746.74		420,681.26		341,775.56		182,836.32		158,360.20		114,540.54		122,225.53
Manual Checks	—
Total Other Cash Disbursements	1,380,166.15		39,746.74		420,681.26		341,775.56		182,836.32		158,360.20		114,540.54		122,225.53
TOTAL ALL CASH DISBURSEMENTS	1,380,166.15		39,746.74		420,681.26		341,775.56		182,836.32		158,360.20		114,540.54		122,225.53
	(297,088.22	)	—		—		—		—		—		—		(297,088.22	)
Book Balance per bank rec.	(297,088.22	)			—				—		—				(145,064.07	)
Ending Bank Balance per bank rec.

THE THAXTON GROUP
Cash Disbursements for THAXTON INVESTMENT PAYROLL	Case No.    -
Wachovia
Monthly Court Report for

	Operating	Payroll		Other	Total
Beginning Cash Position	—	(110,858.73	)	—	(110,858.73	)
	—	—		—	—
	—	—		—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	—	1,193,936.66		—	1,193,936.66
Outstanding Checks	—	—		—	—
	—	—		—	—
Total Cash Receipts and Transfers	—	1,193,936.66		—	1,193,936.66
	—	—
Cash Disbursements - Loans	—	—
	—	—
Gross Wages	—	1,971,613.72
Federal Tax	—	269,583.85
SS Tax	—	107,370.73		—	107,370.73
Med Tax	—	28,117.84
EIC	—	(102.53	)	—	(102.53	)
State Tax	—	67,406.52		—	67,406.52
Advance	—	(2,525.00	)	—	(2,525.00	)
Mileage	—	(42,399.00	)	—	(42,399.00	)
Miscellaneous	—	—		—	—
Shortage	—	115.35		—	115.35
STD	—	1,992.56		—	1,992.56
Medical	—	23,697.52		—	23,697.52
401K Loans	—	5,141.47		—	5,141.47
401K Deducts	—	29,580.93		—	29,580.93
AHL Dental	—	5,336.98		—	5,336.98
AHL Cancer	—	1,298.30		—	1,298.30
AHL Life	—	3,163.78		—	3,163.78
Flex Med	—	1,974.60		—	1,974.60
Dep Care	—	317.24		—	317.24
Stop Payment Fee	—	—		—	—
Garnishment fee	—	111.00		—	111.00
Garnishment	—	1,095.84		—	1,095.84
Bankrpc	—	440.00		—	440.00
Child support	—	11,304.54		—	11,304.54
Tax Levy	—	565.00		—	565.00
Fringe	—	—		—	—
STD Net	—	—		—	—
SS Tax Adjust	—	—		—	—
Other	—	—		—	—
	—	513,587.52		—	513,587.52
Gross To Net (includes adj.)	—	—		—	—
Prepays and voids	—	—		—	—
DD Reversals & adjs.	—	—		—	—
Net DD/live checks	—	—		—	—
	—	—		—	—
FUNDING REQUIREMENTS	—	—		—	—
Net Checks	—	—		—	—
Direct Deposits	—	—		—	—
Wage Garnishments	—	13,405.38		—	13,405.38
Federal Tax	—	269,583.85			269,583.85
EE SS Tax	—	107,370.73			107,370.73
ER SS Tax	—	107,370.80			107,370.80
EE Med Tax	—	28,117.84			28,117.84
ER Med Tax	—	28,117.89			28,117.89
State Tax	—	64,067.29			64,067.29
Futa	—	9,371.99			9,371.99
Suta	—	40,865.60			40,865.60
	—	—			—
Total Amt Debited from our Acct	—	—			—
Cash BY ENTITY	—	1,380,166.15			1,380,166.15
Manual Checks	—	—			—
Total Other Cash Disbursements	—	1,380,166.15		—	1,380,166.15
TOTAL ALL CASH DISBURSEMENTS	—	1,380,166.15		—	1,380,166.15
	—	(297,088.22	)	—	(297,088.22	)
Book Balance per bank rec.
Ending Bank Balance per bank rec.

In re:	Case No.    03-13182 - 03-13213
THE THAXTON GROUP	Jointly Administered
	Reporting Period    February-05

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

Accounts Receivable Reconciliation	Amount
Total Accounts Receivable at the beginning of the reporting period	$	71,526,110.53
Plus Amounts billed during the period	$	6,086,563.73
Sold Receivables during month
Less Amounts collected during the period		(12,036,384.85	)
Total Accounts Receivable at the end of the reporting period	$	65,576,289.41
Accounts Receivable Aging	Amount
0-30 days old	$	61,638,211.52
31-60 days old	$	1,343,958.44
61-90 days old	$	942,458.66
91+ days old	$	1,651,660.79
Total Accounts Receivable	$	65,576,289.41
Amount considered uncollectible (Bad Debt) - Reserve
Accounts Receivable (Net)	$	65,576,289.41

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 possession 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, Inc.

Schedule of Aged Accounts Receivable and Post Accounts Payable

By Operating Group

As of 02/28/2005

Aged Accounts Receivable

(Gross Balance as of 02/28/05)

	Total		Southern Management		Tico Credit		Commercial Lending		Tico Premium
Current	$	59,497,370	$	59,318,286	$	177,692	$	—	$	1,392
Potential (1-30)	$	2,140,841	$	2,087,423	$	51,336	$	—	$	2,082
31-60 Days	$	1,343,958	$	1,321,748	$	21,996	$	—	$	214
61-90 Days	$	942,459	$	908,162	$	34,150	$	—	$	147
91 and Over	$	1,651,661	$	1,426,429	$	213,185	$	—	$	12,047
Total Delinquency	$	6,078,919	$	5,743,761	$	320,668	$	—	$	14,490
Total Gross Receivables	$	65,576,289	$	65,062,048	$	498,359	$	—	$	15,882
Post Accounts Payable
(As of 02/28/05)
Southern Management	$	—
Tico Credit	$	—
Commercial Lending	$	—
Tico Premium	$	—
Thaxton Insurance	$	—
Corporate	$	—
Total	$	—

Prepared By Danny Bufford THE THAXTON GROUP MONTHLY OPERATING REPORT - February 2005, AR AP

THE THAXTON GROUP	CASES 03-13182 - 03-13213
INTER-COMPANY BALANCE RECONCILIATION FOR THE THAXTON GROUP - Consolidated	JOINTLY ADMINISTERED
Monthly Court Report for    Feb-05

				HOLDING COMPANY		HOLDING COMPANY							HOLDING COMPANY
	Consolidated Totals		ELIMINATIONS	THAXTON GROUP, INC Corporate		Thaxton Operating Company	Eagle	Thaxton Insurance Group		Thaxton Commercial Lending	Tico Premium		Thaxton Investment Corporation	TIC - Southern Management Corporation Consolidated		Tico Credit Corporation Consolidated
Beginning Inter-Company balance as of 12/31 per G/L Trial Balance	—		6,248,675.00	83,667,526.00				(3,405,610.00	)	57,761.00	575,513.00			(40,693,076.00	)	(47,251,165.00	)
Cash Transfers between companies	(0.00	)		(6,071,078.32	)									6,007,306.55		63,771.77
Expenses paid by Corporate - expensed in subsidiaries (treated as	(0.00	)		(339,453.15	)						(1,132.00	)		348,026.22		(7,441.07	)
separate cost centers as opposed to separate companies	—
	—
Allocations of:	—
	—
Home Office allocation	—
Interest allocation	(0.00	)		92,344.14										(91,497.66	)	(846.48	)
Payroll	—			(17,164.42	)									17,164.42
Analysis charges	—			270.16												(270.16	)
Audit accrual	—
Transfer of assets	—
Sale of branches	—
Cherokee return premium	—
General Ledger as of 02/28/05	(0.00	)	6,248,675.00	77,332,444.41		—	—	(3,405,610.00	)	57,761.00	574,381.00		—	(34,412,076.47	)	(47,195,950.94	)
	(0.00	)	6,248,675.00	77,332,444.41		—	—	(3,405,610.00	)	57,761.00	574,381.00		—	(34,412,076.47	)	(47,195,950.94	)
Balance Sheet - February 28, 2005	—		6,248,675.00	77,332,445.00				(3,405,610.00	)	57,761.00	574,381.00			(34,412,077.00	)	(47,195,951.00	)

THE THAXTON GROUP
Cash Disbursements for THE THAXTON GROUP - Consolidated	FOR INFORMATION PURPOSES ONLY	JOINTLY ADMINISTERED
Monthly Court Report for    February-05

			HOLDING COMPANY		HOLDING COMPANY							HOLDING COMPANY
	Consolidated Totals		THAXTON GROUP, INC Corporate		Thaxton Operating Company All activity recorded at sub level	Eagle - All transactions included in Tico Premium	Thaxton Insurance Group		Thaxton Commercial Lending	Tico Premium		Thaxton Investment Corporation All activity recorded at sub level	Southern Management Corporation Consolidated		Tico Credit Corporation Consolidated
Beginning Cash Position	46,755,328.93		44,701,413.56		—	—	(7,538.85	)	—	(7,387.90	)		2,103,921.31		(35,079.19	)
					—
TICO Cash Collected	12,116.02		—			—	—		—	—			—		12,116.02
SM Cash Collected	12,036,384.85		—			—	—		—	—			12,036,384.85		—
TIG Cash Collected	—		—			—	—		—	—			—		—
TPF Cash Collected	2,449.85		—			—	—		—	2,449.85			—		—
TCL Cash Collected	—		—			—	—		—	—			—		—
Other Income Collected	524,250.58		469,785.14			—	—		—	3,578.75			13,383.65		37,503.04
Proceeds from the sales of the TICO Assets	—		—
SUBTOTAL	12,575,201.30		469,785.14		—	—	—		—	6,028.60		—	12,049,768.50		49,619.06
			—			—	—		—	—			—		—
	—					—			—	—			—		—
CORRECTION OF BEGINNING BALANCES	—		—			—	—		—	—			—		—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(0.00	)	6,052,764.91			—	7,538.85		—	(1,703.73	)		(6,023,299.40	)	(35,300.63	)
	—		—			—	—		—	—			—		—
	—					—			—	—			—		—
Total Cash Receipts and Transfers	12,575,201.30		6,522,550.05		—	—	7,538.85		—	4,324.87		—	6,026,469.10		14,318.43
						—	—		—	—			—		—
Cash Disbursements - Loans	—					—	—		—	—			—		—
	—					—	—		—	—			—		—
Loan Proceeds Checks	2,677,881.80		—			—	—		—	(900.17	)		2,678,781.97		—
Expenses related to Loans\Thaxton Insurance Group	282,604.01		—			—	—		—	3,121.96			281,778.88		(2,296.83	)
Subtotal - Loans	2,960,485.81		—		—	—	—		—	2,221.79			2,960,560.85		(2,296.83	)
			—			—	—		—	—			—		—
Cash Disbursements - Other	—		—			—	—		—	—			—		—
Advertising	27,979.98		—			—	—		—	—			27,979.98		—
Bank Charges	19,332.73		1,180.69			—	—		—	—			18,152.04		—
Claims Funding*	118,440.73		12,679.23			—	—		—	—			105,761.50		—
Company Auto	3,775.68		—			—	—		—	—			3,775.68		—
Computer Costs	11,279.18		3,335.50			—	—		—	1,090.00			6,512.68		341.00
Dues And Subscriptions	782.74		—			—	—		—	—			782.74		—
Employee Reimbursements - collections exp	2,929.53		—			—	—		—	—			—		2,929.53
Equipment Rental	2,731.16		—			—	—		—	—			2,731.16		—
Fixed Assets	(35,022.89	)	(30,000.00	)		—	—		—	—			4,452.11		(9,475.00	)
Forms & Printing	53,218.87		—			—	—		—	—			53,218.87		—
Insurance	36,211.83		(5,835.69	)		—	—		—	—			42,047.52		—
Meals & Entertainment	12,956.14		—			—	—		—	—			12,956.14		—
Miscellaneous	9,584.17		1,114.00			—	—		—	—			8,120.17		350.00
Office Expense	8,654.31		1,463.11			—	—		—	—			6,143.12		1,048.08
Postage	34,262.31		244.46			—	—		—	—			33,411.97		605.88
Prepaid Expenses	—		—			—	—		—	—			—		—
Prepaid Software ABS	19,210.31		—			—	—		—	—			19,210.31		—
Professional Fees-Ordinary Course	11,030.91		6,376.15			—	—		—	—			435.10		4,219.66
Rent	183,688.19		4,456.00			—	—		—	—			177,815.06		1,417.13
Repairs & Maintenance	17,644.44		—			—	—		—	—			17,644.44		—
Seminars & Meetings	3,606.51		—			—	—		—	—			3,606.51		—
Taxes & Licenses	29,775.70		390.37			—	—		—	—			28,670.05		715.28
Telephone	95,714.73		5,217.60			—	—		—	63.23			89,724.90		709.00
Temporary Agency Staff	6,624.41		3,209.06			—	—		—	—			2,976.95		438.40
Travel	54,499.59		426.33			—	—		—	—			54,073.26		—
Utilities	42,913.63		1,174.94			—	—		—	—			40,279.17		1,459.52
Interest to Finova	533,907.00		533,907.00			—	—		—	—			—		—
Payroll Paid TTG	57,819.34		42,557.95			—	—		—	—			—		15,261.39
Payroll Paid SMC	2,461,717.23		—			—	—		—	—			2,461,717.23		—
Restructuring Officer	48,000.00		48,000.00			—	—		—	—			—		—
Credit Insurance Payments	210,453.99		—			—	—		—	—			210,453.99		—
Deposit to Lender	—		—			—	—		—	—			—		—
US Trustee	75,000.00		75,000.00			—	—		—	—			—		—
Bankruptcy Professionals	1,549,227.00		1,549,227.00			—	—		—	—			—		—
Other	118,165.88		118,165.88			—	—		—	—			—		—
Total Other Cash Disbursements	5,847,363.33		2,393,537.58		—	—	—		—	1,153.23			3,432,652.65		20,019.87
						—				—			—		—
TOTAL ALL CASH DISBURSEMENTS	8,807,849.14		2,393,537.58		—	—	—		—	3,375.02			6,393,213.50		17,723.04
	50,522,681.09		48,830,426.03		—	—	—		—	(6,438.05	)		1,737,176.91		(38,483.80	)
BANK ACCOUNT RECONCILED BALANCES:	50,522,681.09		48,830,426.03				—		—	(6,438.05	)		1,737,176.91		(38,483.80	)