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): April 26, 2006

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.)

1601 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 March 1 through March 31, 2006, which was filed with the Bankruptcy Court on April 26, 2006.

Item 9.01. Financial Statements and Exhibits

(c) Exhibits

Exhibit No.	Description
99.1	Operating Report for the period March 1, 2006, through March 31, 2006, filed with the U.S. Bankruptcy Court for the District of Delaware on April 26, 2006.

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: May 5, 2006

3

EX-99.1

Exhibit 99.1

United States Bankruptcy Court
District of Delaware
In re	Case No.    03-13182 - 03-13213
THE THAXTON GROUP	Jointly Administered
	Reporting Period:    March-06
Monthly Operating Report
File report and attachments with Court and submit copy to United States Trustee within 20 days after end of month.

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

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

Signature of Debtor	Date
Signature of Joint Debtor	Date
/s/ Robert Dunn	4/25/06
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	March 31, 2006
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    March-06
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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

	Bank Accounts					Current Month				Cummulative Filing to Date
	Operating		Payroll	Tax	Other	Actual		Projected		Actual		Projected
Cash Beginning of Month	15,636,496		—			15,636,496		14,246,059		20,970,070		19,402,924
Receipts
Cash Sales
Accounts Receivable	10,705,851					10,705,851		11,100,000		385,555,746		352,961,238
Interest Income/Other Income	430,106					430,106		—		12,047,346		1,221,000
Additional Deposits/Tax Withheld						—		—		—		—
Other (Attach List)	—					—		—		46,302,400		—
Transfers between Accounts	(3,170,352	)	3,170,352			—						—
Proceeds from the Sale of Assets
										—		—
Total Receipts	7,965,604		3,170,352	—	—	11,135,957		11,100,000		443,905,491		354,182,238
Disbursements
Gross Payroll/Payroll Taxes			3,170,352			3,170,352		2,697,500		71,637,348		65,303,245
Sales, Use & Other Taxes	202,870					202,870				1,787,749		—
Inventory Purchases						—				—		—
Secured/Rental/Leases	195,665					195,665				3,078,268		—
Insurance/Payroll WH paid from operating accounts	31,045					31,045		205,000		416,452		372,800
Marketing						—				—		—
Property Mainenance/Utilites						—				—		—
Other (Attach List)	1,691,645					1,691,645		2,168,215		72,351,070		71,559,174
						—				—
Loan Proceeds/Expenses Related To Loans/Insurance	6,112,103					6,112,103		5,670,000		190,845,590		190,734,823
						—				—
Deposits to Lenders	25,526					25,526				75,211,029		2,500,000
Professional fees - Carve-out	637,109					637,109		1,000,000		34,110,579		28,871,526
US Trustee Quarterly Fees	—					—		—		731,301		638,250
Court Costs						—				—
Proceeds to Lender for sale of business units					—
Fees associated with sale of business units					—
										—
Total Disbursements	8,895,964		3,170,352	—	—	12,066,316		11,740,715		450,169,386		359,979,818
Net Cash Flow (Receipts less Disbursements)	(930,359	)	—	—	—	(930,359	)	(640,715	)	(6,263,895	)	(5,797,580	)
Cash - End of Month	14,706,137		—	—	—	14,706,137		13,605,344		14,706,176		13,605,344

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent 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 3/3			BUDGET 3/10			BUDGET 3/17			BUDGET 3/24			BUDGET 3/31			BUDGET MONTH MARCH
Beginning Cash	$	14,246,059		$	14,788,634		$	14,700,859		$	13,815,144		$	13,903,019		$	14,246,059
Cash Receipts
TICO Cash Collected		—			—			—			—			—			—
SM Cash Collected		3,050,000			2,000,000			2,050,000			1,600,000			1,950,000			10,650,000
TIG Cash Collected		—			—			—			—			—			—
TPF Cash Collected		—			—			—			—			—			—
TCL Cash Collected		—			—			—			—			—			—
Other Income Collected		—			—			—			450,000			—			450,000
		—			—			—			—			—			—
Total Cash Receipts		3,050,000			2,000,000			2,050,000			2,050,000			1,950,000			11,100,000
																	—
																	—
Cash Disbursements																	—
Loan Proceeds Checks		990,000			1,020,000			1,030,000			1,200,000			1,150,000			5,390,000
Expenses related to Loans		73,000			47,000			55,000			53,000			52,000			280,000
Expenses related to TIG		—			—			—			—			—			—
Total Cash Disbursements		1,063,000			1,067,000			1,085,000			1,253,000			1,202,000			5,670,000
																	—
NET CASH RECEIPTS		1,987,000			933,000			965,000			797,000			748,000			5,430,000
																	—
CASH DISBURSEMENTS:																	—
																	—
Operating Cash Disbursements																	—
																	—
Advertising		20,000			10,000			30,000			10,000			10,000			80,000
Bank Charges		—			25,000			70			—			—			25,070
Claims Funding*		41,500			51,500			31,500			31,500			41,500			197,500
Company Auto		1,000			10,000			1,020			1,000			1,000			14,020
Computer Costs		10,000			5,000			500			10,000			—			25,500
Dues And Subscriptions		—			1,000			—			4,000			—			5,000
Employee Reimbursements - collections exp		750			750			750			750			—			3,000
Equipment Rental		—			5,000			—			—			—			5,000
Fixed Assets		10,000			10,000			40,000			—			10,000			70,000
Forms & Printing		30,000			150			—			30,000			—			60,150
Insurance		1,200			30,500			10,300			—			—			42,000
Meals & Entertainment		25,000			20,050			25,000			—			—			70,050
Miscellaneous		10,750			750			750			750			750			13,750
Office Expense		750			5,750			5,500			5,500			500			18,000
Postage		15,125			10,125			15,125			10,125			10,125			60,625
Prepaid Expenses		—			—			—			—			—			—
Prepaid Software ABS		7,500			25,000			100,000			—			—			132,500
Professional Fees-Ordinary Course		15,000			25,000			15,000			15,000			15,000			85,000
Rent		1,200			15,000			—			190,000			4,300			210,500
Repairs & Maintenance		5,150			5,000			5,000			5,000			5,000			25,150
Roadgard		—			—			—			—			—			—
Seminars & Meetings		—			5,000			10,000			—			—			15,000
Taxes & Licenses		15,500			15,000			—			10,500			—			41,000
Telephone		30,200			1,200			10,200			60,000			20,000			121,600
Temporary Agency Staff		7,500			—			5,000			—			5,000			17,500
Board of Directors		3,500			—			—			—			—			3,500
Travel		30,000			20,000			20,000			—			—			70,000
Utilities		20,800			12,000			8,000			8,000			8,000			56,800
Total Operating Cash Disbursements		302,425			308,775			333,715			392,125			131,175			1,468,215
																	—
																	—
Other Items																	—
																	—
Interest to Finova		—			—			340,000			—			—			340,000
Payroll Paid TTG		25,000			—			25,000			—			25,000			75,000
Payroll Paid SMC		700,000			200,000			940,000			105,000			675,000			2,620,000
401K		—			—			—			—			2,500			2,500
Restructuring Officer		12,000			12,000			12,000			12,000			12,000			60,000
Insurance Renewal		205,000			—			—			—			—			205,000
Credit Insurance Carrier		—			280,000			—			—			—			280,000
Pre-Filing Prepays		—			—			—			—			—			—
Bank Fees and Expenses		—			20,000			—			—			—			20,000
Deposit to Lender		—			—			—			—			—			—
Special Litigation Expense		—			—			—			—			—			—
KERP		—			—			—			—			—			—
US Trustee		—			—			—			—			—			—
Bankruptcy Professionals		200,000			200,000			200,000			200,000			200,000			1,000,000
Total Other Items		1,142,000			712,000			1,517,000			317,000			914,500			4,602,500
																	—
Cash from Operations																	—
Total Collections		3,050,000			2,000,000			2,050,000			2,050,000			1,950,000			11,100,000
Total Disbursements		2,295,425			1,875,775			2,723,715			1,750,125			2,035,675			10,680,715
Net Cash from Operations		754,575			124,225			(673,715	)		299,875			(85,675	)		419,285
Restructuring Expense		(212,000	)		(212,000	)		(212,000	)		(212,000	)		(212,000	)		(1,060,000	)
Net Change in Cash		542,575			(87,775	)		(885,715	)		87,875			(297,675	)		(640,715	)
Adjustment due to New Budget Period																	—
Ending Cash		14,788,634			14,700,859			13,815,144			13,903,019			13,605,344			13,605,344

THAXTON MONTHLY OPERATING REPORT - March 2006

THE THAXTON GROUP
Cash Disbursements for THE THAXTON GROUP - Consolidated	FOR INFORMATION PURPOSES ONLY
Monthly Court Report for    March-06	JOINTLY ADMINISTERED
	HOLDING COMPANY	HOLDING COMPANY	HOLDING GOMPANY

	Consolidated Totals	THAXTON GROUP,INC Corporate		Thaxton Operating Company All activity recorded at sub level	Thaxton Investment Corporation All activity recorded at sub level	Southern Management Corporation Consolidated		Tico Credit Corporation Consolidated
Beginning Cash Position	15,636,496.24	14,865,726.99		—		772,390.61		(1,621.36	)
				—
TICO Cash Collected	—	—				—		—
SM Cash Collected	10,705,851.00	—				10,705,851.00		—
TIG Cash Collected	—	—				—		—
TPF Cash Collected	—	—				—		—
TCL Cash Collected	—	—				—		—
Other Income Collected	430,105.55	429,426.87				221.75		456.93
Proceeds from the sales of the TICO Assets	—	—
SUBTOTAL	11,135,956.55	429,426.87		—	—	10,706,072.75		456.93
		—				—		—
	—					—		—
CORRECTION OF BEGINNING BALANCES	—	—				—		—
GENERAL LEDGER DEPOSITS AND TRANSFERS	0.00	396,553.27				(405,919.85	)	9,366.58
	—	—				—		—
	—					—		—
Total Cash Receipts and Transfers	11,135,956.55	825,980.14		—	—	10,300,152.90		9,823.51
								—
Cash Disbursements - Loans								—
								—
Loan Proceeds Checks	5,833,909.79	—				5,833,909.79		—
Expenses related to Loans\Thaxton Insurance Group	278,193.33	—				278,242.08		(48.75	)
Subtotal - Loans	6,112,103.12	—		—		6,112,151.87		(48.75	)
		—				—		—
Cash Disbursements - Other	—	—				—		—
Advertising	43,473.88	—				43,473.88		—
Bank Charges	153.16	126.16				27.00		—
Claims Funding*	149,052.20	—				149,052.20		—
Company Auto	13,471.57	—				13,471.57		—
Computer Costs	43,867.69	35,566.82				7,959.87		341.00
Dues And Subscriptions	300.00	—				300.00		—
Equipment Rental	3,658.02	—				3,658.02		—
Fixed Assets	110,441.45	—				110,441.45		—
Forms & Printing	78,375.35	—				78,375.35		—
Insurance	31,044.69	(4,323.09	)			35,367.78		—
Meals & Entertainment	10,772.51	—				10,772.51		—
Miscellaneous	25,122.26	20,771.63				4,350.63		—
Office Expense	12,057.20	884.59				11,172.61		—
Postage	37,985.59	117.65				37,790.08		77.86
Prepaid Software ABS	23,724.44	—				23,724.44		—
Professional Fees-Ordinary Course	56,914.86	51,893.09				4,585.27		436.50
Rent	195,665.27	4,446.00				191,981.77		(762.50	)
Repairs & Maintenance	19,626.53	559.84				19,066.69		—
Seminars & Meetings	4,627.66	—				4,627.66		—
Taxes & Licenses	202,870.03	183,535.17				19,334.86		—
Telephone	82,948.87	1,418.44				84,704.93		(3,174.50	)
Travel	43,654.04	—				43,654.04		—
Utilities	47,652.22	327.58				47,196.99		127.65
Interest to Finova	338,984.80	338,984.80				—		—
Payroll Paid TTG	49,663.26	36,837.01				—		12,826.25
Payroll Paid SMC	3,120,688.83	—				3,120,688.83		—
Restructuring Officer	60,000.00	60,000.00				—		—
Insurance Renewal	189,628.69	187,832.00				1,796.69		—
Credit Insurance Payments	244,762.42	—				244,762.42		—
Deposit to Lender	25,525.78	25,525.78				—		—
US Trustee	—	—				—		—
Bankruptcy Professionals	637,109.48	637,109.48				—		—
Other	49,879.98	2,534.94				47,345.04		—
Total Other Cash Disbursements	5,954,212.73	1,584,147.89		—		4,360,192.58		9,872.26
						—		—
TOTAL ALL CASH DISBURSEMENTS	12,066,315.85	1,584,147.89		—		10,472,344.45		9,823.51
	14,706,136.94	14,107,559.24		—		600,199.06		(1,621.36	)
BANK ACCOUNT RECONCILED BALANCES:	14,706,136.94	14,107,559.24				600,199.06		(1,621.36	)

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 Dunn

Signature

Robert Dunn    4/25/06

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	15,636,496.24			—	15,636,496.24
TICO Cash Collected	—		—	—	—
SM Cash Collected	10,705,851.00		—	—	10,705,851.00
TIG Cash Collected	—		—	—	—
TPF Cash Collected	—		—	—	—
TCL Cash Collected	—		—	—	—
Other Income Collected	430,105.55		—	—	430,105.55
	—		—	—	—
Proceeds from the sales of the TICO Assets	—		—	—	—
SUBTOTAL	11,135,956.55		—	—	11,135,956.55
	—		—	—	—
	—		—	—	—
CORRECTION OF BEGINNING BALANCES	—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(3,170,352.09	)	3,170,352.09	—	0.00
	—		—	—	—
	—		—	—	—
Total Cash Receipts and Transfers	7,965,604.46		3,170,352.09	—	11,135,956.55
Cash Disbursements - Loans
Loan Proceeds Checks	5,833,909.79				5,833,909.79
Expenses related to Loans\Thaxton Insurance Group	278,193.33				278,193.33
Subtotal - Loans	6,112,103.12		—	—	6,112,103.12
	—
Cash Disbursements - Other	—
Advertising	43,473.88			—	43,473.88
Bank Charges	153.16		—	—	153.16
Claims Funding*	149,052.20			—	149,052.20
Company Auto	13,471.57		—	—	13,471.57
Computer Costs	43,867.69		—	—	43,867.69
Dues And Subscriptions	300.00		—	—	300.00
Equipment Rental	3,658.02		—	—	3,658.02
Fixed Assets	110,441.45		—	—	110,441.45
Forms & Printing	78,375.35		—	—	78,375.35
Insurance	31,044.69		—	—	31,044.69
Meals & Entertainment	10,772.51		—	—	10,772.51
Miscellaneous	25,122.26		—	—	25,122.26
Office Expense	12,057.20		—	—	12,057.20
Postage	37,985.59		—	—	37,985.59
Prepaid Software ABS	23,724.44		—	—	23,724.44
Professional Fees-Ordinary Course	56,914.86		—	—	56,914.86
Rent	195,665.27		—	—	195,665.27
Repairs & Maintenance	19,626.53		—	—	19,626.53
Seminars & Meetings	4,627.66		—	—	4,627.66
Taxes & Licenses	202,870.03		—	—	202,870.03
Telephone	82,948.87		—	—	82,948.87
Travel	43,654.04		—	—	43,654.04
Utilities	47,652.22		—	—	47,652.22
Interest to Finova	338,984.80		—	—	338,984.80
Payroll Paid TTG	—		49,663.26	—	49,663.26
Payroll Paid SMC	—		3,120,688.83	—	3,120,688.83
Restructuring Officer	60,000.00		—	—	60,000.00
Insurance Renewal	189,628.69		—	—	189,628.69
Credit Insurance Payments	244,762.42		—	—	244,762.42
Deposit to Lender	25,525.78		—	—	25,525.78
US Trustee	—		—	—	—
Bankruptcy Professionals	637,109.48		—	—	637,109.48
Other	49,879.98		—	—	49,879.98
Total Other Cash Disbursements	2,783,860.64		3,170,352.09	—	5,954,212.73
	—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	8,895,963.76		3,170,352.09	—	12,066,315.85
	14,706,136.94		—	—	14,706,136.94
BANK ACCOUNT RECONCILED BALANCES:

In re:	Case No. 03-13183
The Thaxton Group, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent Month Actual Column)
Total Disbursements	1,584,147.89
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	1,584,147.89

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for The Thaxton Group, Inc.
Monthly Court Report for    March-06	Case #    03-13183
FED ID#    57-0669498

	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	E-Bay Account 200002299557
Beginning Cash Position	14,865,726.99		—	10,808,426.42	385,248.45	3,672,052.12		—	—
	—
TICO Cash Collected	—							—
SM Cash Collected	—							—
TIG Cash Collected	—							—
TPF Cash Collected	—							—
TCL Cash Collected	—							—
Other Income Collected	429,426.87		—	19,547.44		409,879.43		—	—
Proceeds from the sales of the TICO Assets	—
SUBTOTAL	429,426.87		—	19,547.44	—	409,879.43		—	—
	—							—
CORRECTION OF BEGINNING BALANCES	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	396,553.27		—	1,000,000.00	—	(640,283.74	)	36,837.01	—
	—
	—							—
Total Cash receipts	825,980.14		—	1,019,547.44	—	(230,404.31	)	36,837.01	—
								—
Cash Disbursements - Loans								—
								—
Loan Proceeds Checks	—							—
Expenses related to Loans	—							—
Subtotal - Loans	—		—	—	—	—		—	—
								—
								—
Cash Disbursements - Other								—
Advertising	—							—
Bank Charges	126.16			63.08	—	63.08		—
Claims Funding*	—					—
Company Auto	—					—
Computer Costs	35,566.82					35,566.82
Dues And Subscriptions	—					—
Employee Reimbursements - collections exp	—					—
Equipment Rental	—					—
Fixed Assets	—					—
Forms & Printing	—					—
Insurance	(4,323.09	)				(4,323.09	)
Meals & Entertainment	—					—
Miscellaneous	20,771.63					20,771.63
Office Expense	884.59					884.59
Postage	117.65					117.65
Prepaid Expenses	—					—
Prepaid Software ABS	—					—
Professional Fees-Ordinary Course	51,893.09					51,893.09
Rent	4,446.00					4,446.00
Repairs & Maintenance	559.84					559.84
Roadgard	—					—
Seminars & Meetings	—					—
Taxes & Licenses	183,535.17					183,535.17
Telephone	1,418.44					1,418.44
Temporary Agency Staff	—					—
Travel	—
Utilities	327.58					327.58
Interest to Finova	338,984.80					338,984.80
Payroll Paid TTG	36,837.01							36,837.01
Payroll Paid SMC	—
Restructuring Officer	60,000.00					60,000.00
Insurance Renewal	187,832.00					187,832.00
Credit Insurance Payments	—
Pre-Filing Prepays	—
Deposit to Lender	25,525.78					25,525.78
US Trustee	—
Bankruptcy Professionals	637,109.48					637,109.48
Other	2,534.94					2,534.94
Total Other Cash Disbursements	1,584,147.89		—	63.08	—	1,547,247.80		36,837.01	—
TOTAL ALL CASH DISBURSEMENTS	1,584,147.89		—	63.08	—	1,547,247.80		36,837.01	—
	14,107,559.24		—	11,827,910.78	385,248.45	1,894,400.01		—	—
Book Balance per bank rec.	14,107,559.24		—	11,827,910.78	385,248.45	1,894,400.01		—	—

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

	Operating		Payroll	Other	Total
Beginning Cash Position	14,865,726.99		—	—	14,865,726.99
			—	—	—
TICO Cash Collected	—		—	—	—
SM Cash Collected	—		—	—	—
TIG Cash Collected	—		—	—	—
TPF Cash Collected	—		—	—	—
TCL Cash Collected	—		—	—	—
Other Income Collected	429,426.87		—	—	429,426.87
Proceeds from the sales of the TICO Assets
SUBTOTAL	429,426.87		—	—	429,426.87
	—		—	—	—
CORRECTION OF BEGINNING BALANCES	—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	359,716.26		36,837.01	—	396,553.27
				—	—
	—		—	—	—
Total Cash receipts	789,143.13		36,837.01	—	825,980.14
Cash Disbursements - Loans
Loan Proceeds Checks	—		—	—	—
Expenses related to Loans	—		—	—	—
Subtotal - Loans	—		—	—	—
Cash Disbursements - Other
Advertising	—		—	—	—
Bank Charges	126.16		—	—	126.16
Claims Funding*	—		—	—	—
Company Auto	—		—	—	—
Computer Costs	35,566.82		—	—	35,566.82
Dues And Subscriptions	—		—	—	—
Employee Reimbursements - collections exp	—		—	—	—
Equipment Rental	—		—	—	—
Fixed Assets	—		—	—	—
Forms & Printing	—		—	—	—
Insurance	(4,323.09	)	—	—	(4,323.09	)
Meals & Entertainment	—		—	—	—
Miscellaneous	20,771.63		—	—	20,771.63
Office Expense	884.59		—	—	884.59
Postage	117.65		—	—	117.65
Prepaid Expenses	—		—	—	—
Prepaid Software ABS	—		—	—	—
Professional Fees-Ordinary Course	51,893.09		—	—	51,893.09
Rent	4,446.00		—	—	4,446.00
Repairs & Maintenance	559.84		—	—	559.84
Roadgard	—		—	—	—
Seminars & Meetings	—		—	—	—
Taxes & Licenses	183,535.17		—	—	183,535.17
Telephone	1,418.44		—	—	1,418.44
Temporary Agency Staff	—		—	—	—
Travel	—		—	—	—
Utilities	327.58		—	—	327.58
Interest to Finova	338,984.80		—	—	338,984.80
Payroll Paid TTG	—		36,837.01	—	36,837.01
Payroll Paid SMC	—		—	—	—
Restructuring Officer	60,000.00		—	—	60,000.00
Insurance Renewal	187,832.00		—	—	187,832.00
Credit Insurance Payments	—		—	—	—
Pre-Filing Prepays	—		—	—	—
Deposit to Lender	25,525.78		—	—	25,525.78
US Trustee	—		—	—	—
Bankruptcy Professionals	637,109.48		—	—	637,109.48
Other	2,534.94		—	—	2,534.94
Total Other Cash Disbursements	1,547,310.88		36,837.01	—	1,584,147.89
	—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	1,547,310.88		36,837.01	—	1,584,147.89
	14,107,559.24		—	—	14,107,559.24
Book Balance per bank rec.

In re:	Case No.    03-13184
Thaxton Operating Company	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    March-06

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

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

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent 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    March-06
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

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

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

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

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

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO PREMIUM	03-13186	Case No.    03-13186
Monthly Court Report for    March-06
FED ID#    58-2358369

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

In re:	Case No.    03-13185
EAGLE Premium Finance Company, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period March-06

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

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

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent 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    March-06
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 March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent 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    March-06
FED ID#    57-0926039

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

In re:	Case No.    03-13188
Thaxton Commercial Lending, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent 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 Commerical Lending	Case #    03-13188	Case No.    03-13188
Monthly Court Report for    March-06
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    March-06

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

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

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent 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    March-06
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	March-06
FED ID#

	Consolidated Totals		TICO-MS 03-13201		TICO-OH 03-13200		TICO-SC 03-13191		TICO-HQ 03-13195
Beginning Cash Position	(1,621.36	)	—		(0.00	)	—		(1,621.36	)
	—		—		—		—		—
TICO Cash Collected	—		—		—		—		—
SM Cash Collected	—		—		—		—		—
TIG Cash Collected	—		—		—		—		—
TPF Cash Collected	—		—		—		—		—
TCL Cash Collected	—		—		—		—		—
Other Income Collected	456.93		431.93		25.00		—		—
SUBTOTAL	456.93		431.93		25.00		—		—
	—		—		—		—		—
	—		—		—		—		—
GENERAL LEDGER DEPOSITS AND TRANSFERS	9,366.58		(431.93	)	(25.00	)	(3,174.50	)	12,998.01
	—		—		—		—		—
Funds Received From Sale of Tico Mississippi - sent directly to Finova	—		—		—		—		—
Holdback, Deposits and Escrows	—		—		—		—		—
	—		—		—		—		—
Total Cash Receipts and Transfers	9,823.51		—		—		(3,174.50	)	12,998.01
			—		—		—		—
Cash Disbursements - Loans			—		—		—		—
			—		—		—		—
Loan Proceeds Checks	—		—		—		—		—
Expenses related to Loans	(48.75	)	—		—		—		(48.75	)
Subtotal - Loans	(48.75	)	—		—		—		(48.75	)
			—		—		—		—
	—		—		—		—		—
Cash Disbursements - Other	—		—		—		—		—
Advertising	—		—		—		—		—
Bank Charges	—		—		—		—		—
Claims Funding*	—		—		—		—		—
Company Auto	—		—		—		—		—
Computer Costs	341.00		—		—		—		341.00
Dues And Subscriptions	—		—		—		—		—
Employee Reimbursements - collections exp	—		—		—		—		—
Equipment Rental	—		—		—		—		—
Fixed Assets	—		—		—		—		—
Forms & Printing	—		—		—		—		—
Insurance	—		—		—		—		—
Meals & Entertainment	—		—		—		—		—
Miscellaneous	—		—		—		—		—
Office Expense	—		—		—		—		—
Postage	77.86		—		—		—		77.86
Prepaid Expenses	—		—		—		—		—
Prepaid Software ABS	—		—		—		—		—
Professional Fees-Ordinary Course	436.50		—		—		—		436.50
Rent	(762.50	)	—		—		—		(762.50	)
Repairs & Maintenance	—		—		—		—		—
Roadgard	—		—		—		—		—
Seminars & Meetings	—		—		—		—		—
Taxes & Licenses	—		—		—		—		—
Telephone	(3,174.50	)	—		—		(3,174.50	)	—
Temporary Agency Staff	—		—		—		—		—
Travel	—		—		—		—		—
Utilities	127.65		—		—		—		127.65
Interest to Finova	—		—		—		—		—
Payroll Paid TTG	12,826.25		—		—		—		12,826.25
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	9,872.26		—		—		(3,174.50	)	13,046.76
TOTAL ALL CASH DISBURSEMENTS	9,823.51		—		—		(3,174.50	)	12,998.01
			—		—		—		—
	(1,621.36	)	—		(0.00	)	—		(1,621.36	)
			—		—		—		—
Book Balance per bank rec.	(1,621.36	)	—		(0.00	)	—		(1,621.36	)

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

	Operating		Payroll	Other	Total
Beginning Cash Position	(1,621.36	)	—	—	(1,621.36	)
			—	—	—
TICO Cash Collected	—		—	—	—
SM Cash Collected	—		—	—	—
TIG Cash Collected	—		—	—	—
TPF Cash Collected	—		—	—	—
TCL Cash Collected	—		—	—	—
Other Income Collected	456.93		—	—	456.93
SUBTOTAL	456.93		—	—	456.93
	—		—	—	—
	—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(3,459.67	)	12,826.25	—	9,366.58
	—		—	—	—
Funds Received From Sale of Tico Mississippi - sent directly to Finova	—		—	—	—
Holdback, Deposits and Escrows	—		—	—	—
	—		—	—	—
Total Cash Receipts and Transfers	(3,002.74	)	12,826.25	—	9,823.51		—
	—
Cash Disbursements - Loans	—
	—
Loan Proceeds Checks	—				—
Expenses related to Loans	(48.75	)			(48.75	)
Subtotal - Loans	(48.75	)			(48.75	)
	—				—
	—				—
Cash Disbursements - Other	—				—
Advertising	—				—
Bank Charges	—		—	—	—
Claims Funding*	—				—
Company Auto	—		—	—	—
Computer Costs	341.00		—	—	341.00
Dues And Subscriptions	—		—	—	—
Employee Reimbursements - collections exp	—		—	—	—
Equipment Rental	—		—	—	—
Fixed Assets	—		—	—	—
Forms & Printing	—		—	—	—
Insurance	—		—	—	—
Meals & Entertainment	—		—	—	—
Miscellaneous	—		—	—	—
Office Expense	—		—	—	—
Postage	77.86		—	—	77.86
Prepaid Expenses	—		—	—	—
Prepaid Software ABS	—		—	—	—
Professional Fees-Ordinary Course	436.50		—	—	436.50
Rent	(762.50	)	—	—	(762.50	)
Repairs & Maintenance	—		—	—	—
Roadgard	—		—	—	—
Seminars & Meetings	—		—	—	—
Taxes & Licenses	—		—	—	—
Telephone	(3,174.50	)	—	—	(3,174.50	)
Temporary Agency Staff	—		—	—	—
Travel	—		—	—	—
Utilities	127.65		—	—	127.65
Interest to Finova	—		—	—	—
Payroll Paid TTG	—		12,826.25	—	12,826.25
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	(2,953.99	)	12,826.25	—	9,872.26
	—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	(3,002.74	)	12,826.25	—	9,823.51
	(1,621.36	)	—	—	(1,621.36	)
Book Balance per bank rec.

THE THAXTON GROUP
SUMMARY TICO CREDIT CORP - DISBURSEMENT ACCOUNTS	WACHOVIA #2000014825101	WACHOVIA #2000014826087	Case No.        -
Monthly Court Report for    March-06
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	(1,621.36	)	—	—								(1,621.36	)	(1,621.36	)	—	—	(1,621.36	)
	—		—	—	—	—	—	—			—	—				—	—	—
TICO Cash Collected	—													—		—	—	—
SM Cash Collected	—											—		—		—	—	—
TIG Cash Collected	—											—		—		—	—	—
TPF Cash Collected	—											—		—		—	—	—
TCL Cash Collected	—											—		—		—	—	—
Other Income Collected	—											—		—		—	—	—
SUBTOTAL	—		—	—	—	—	—	—	—		—	—
	—		—	—	—	—	—	—	—		—	—		—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(3,002.74	)	—	—	—	—	—	—	(3,174.50	)	—	171.76		(3,002.74	)	—	—	(3,002.74	)
Outstanding Checks	—		—	—	—	—	—	—	—		—			—		—	—	—
WACHOVIA #2000014825101	—		—	—	—	—	—	—	—		—			—		—	—	—
WACHOVIA #101000020906	—		—	—	—	—	—	—	—		—			—		—	—	—
	—		—	—	—	—	—	—	—		—	—		—		—	—	—
Total Cash Receipts and Transfers	(3,002.74	)	—	—	—	—	—	—	(3,174.50	)	—	171.76		(3,002.74	)	—	—	(3,002.74	)	—
			—	—	—	—	—	—	—		—	—		—
Cash Disbursements - Loans			—	—	—	—	—	—	—		—	—		—
			—	—	—	—	—	—	—		—	—		—
Loan Proceeds Checks														—				—
Expenses related to Loans	(48.75	)										(48.75	)	(48.75	)			(48.75	)
Subtotal -Loans	(48.75	)	—	—	—	—	—	—	—		—	(48.75	)	(48.75	)			(48.75	)
			—	—	—	—	—	—	—		—	—		—				—
			—	—	—	—	—	—	—		—	—		—				—
Cash Disbursements - Other				—	—	—	—	—	—		—	—		—				—
Advertising	—													—				—
Bank Charges	—													—		—	—	—
Claims Funding*	—													—				—
Company Auto	—													—		—	—	—
Computer Costs	341.00											341.00		341.00		—	—	341.00
Dues And Subscriptions	—													—		—	—	—
Employee Reimbursements - collections exp	—													—		—	—	—
Equipment Rental	—													—		—	—	—
Fixed Assets	—													—		—	—	—
Forms & Printing	—													—		—	—	—
Insurance	—													—		—	—	—
Meals & Entertainment	—													—		—	—	—
Miscellaneous	—													—		—	—	—
Office Expense	—													—		—	—	—
Postage	77.86											77.86		77.86		—	—	77.86
Prepaid Expenses	—													—		—	—	—
Prepaid Software ABS	—													—		—	—	—
Professional Fees-Ordinary Course	436.50											436.50		436.50		—	—	436.50
Rent	(762.50	)										(762.50	)	(762.50	)	—	—	(762.50	)
Repairs & Maintenance	—													—		—	—	—
Roadgard	—													—		—	—	—
Seminars & Meetings	—													—		—	—	—
Taxes & Licenses	—													—		—	—	—
Telephone	(3,174.50	)							(3,174.50	)				(3,174.50	)	—	—	(3,174.50	)
Temporary Agency Staff	—													—		—	—	—
Travel	—													—		—	—	—
Utilities	127.65											127.65		127.65		—	—	127.65
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	(2,953.99	)	—	—	—	—	—	—	(3,174.50	)	—	220.51		(2,953.99	)	—	—	(2,953.99	)
														—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	(3,002.74	)	—	—	—	—	—	—	(3,174.50	)	—	171.76		(3,002.74	)	—	—	(3,002.74	)
				—	—	—	—	—	—		—	—
	(1,621.36	)	—	—	—	—	—	—	—		—	(1,621.36	)	(1,621.36	)	—	—	(1,621.36	)
				—	—	—	—	—	—		—	—
Book Balance per bank rec.	(1,621.36	)		—								(1,621.36	)

In re:	Case No.    03-13195
TICO Credit Corporation	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    March-06

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

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

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent Month Actual Column)
Total Disbursements		12,998.01
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	$	12,998.01

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO CREDIT CORPORATION, INC	Case #    03-13195	Case No.    03-13195
Monthly Court Report for    March-06
FED ID#    56-2258083

	Consolidated Totals		WACHOVIA DISBURSEMENT ACCOUNTS		WACHOVIA PAYROLL ACCOUNTS		Operating		Payroll	Other	Total
Beginning Cash Position	(1,621.36	)	(1,621.36	)	—		(1,621.36	)	—		(1,621.36	)
	—								—	—	—
TICO Cash Collected	—		—				—		—	—	—
SM Cash Collected	—						—		—	—	—
TIG Cash Collected	—						—		—	—	—
TPF Cash Collected	—						—		—	—	—
TCL Cash Collected	—						—		—	—	—
Other Income Collected	—						—		—	—	—
SUBTOTAL	—		—		—		—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	12,998.01		171.76		12,826.25		171.76		12,826.25	—	12,998.01
	—						—			—	—
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
Total Cash Receipts and Transfers	12,998.01		171.76		12,826.25	—	171.76		12,826.25	—	12,998.01
Cash Disbursements - Loans
	—
Loan Proceeds Checks	—		—				—		—		—
Expenses related to Loans	(48.75	)	(48.75	)			(48.75	)			(48.75	)
Subtotal - Loans	(48.75	)	(48.75	)	—		(48.75	)	—	—	(48.75	)
			—
			—						—
Cash Disbursements - Other			—						—		—
Advertising	—		—				—		—		—
Bank Charges	—		—				—		—		—
Claims Funding*	—		—				—		—		—
Company Auto	—		—				—		—	—	—
Computer Costs	341.00		341.00				341.00		—	—	341.00
Dues And Subscriptions	—		—				—		—	—	—
Employee Reimbursements - collections exp			—				—		—	—	—
Equipment Rental	—		—				—		—	—	—
Fixed Assets	—		—				—		—	—	—
Forms & Printing	—		—				—		—	—	—
Insurance	—		—				—		—	—	—
Meals & Entertainment	—		—				—		—	—	—
Miscellaneous	—		—				—		—	—	—
Office Expense	—		—				—		—	—	—
Postage	77.86		77.86				77.86		—	—	77.86
Prepaid Expenses	—		—				—		—	—	—
Prepaid Software ABS	—		—				—		—	—	—
Professional Fees-Ordinary Course	436.50		436.50				436.50		—	—	436.50
Rent	(762.50	)	(762.50	)			(762.50	)	—	—	(762.50	)
Repairs & Maintenance	—		—				—		—	—	—
Roadgard	—		—				—		—	—	—
Seminars & Meetings	—		—				—		—	—	—
Taxes & Licenses	—		—				—		—	—	—
Telephone	—		—				—		—	—	—
Temporary Agency Staff	—		—				—		—	—	—
Travel	—		—				—		—	—	—
Utilities	127.65		127.65				127.65		—	—	127.65
Interest to Finova			—				—		—	—	—
Payroll Paid TTG	12,826.25		—		12,826.25		—		12,826.25	—	12,826.25
Payroll Paid SMC			—				—		—	—	—
Restructuring Officer	—		—				—		—	—	—
Insurance Renewal	—		—				—		—	—	—
Voyager Payment	—		—				—		—	—	—
Pre-Filing Prepays	—		—				—		—	—	—
Deposit to Lender	—		—				—		—	—	—
US Trustee	—		—				—		—	—	—
Bankruptcy Professionals	—		—				—		—	—	—
Other	—		—				—		—	—	—
Total Other Cash Disbursements	13,046.76		220.51		12,826.25	—	220.51		12,826.25	—	13,046.76
TOTAL ALL CASH DISBURSEMENTS	12,998.01		171.76		12,826.25	—	171.76		12,826.25	—	12,998.01
	(1,621.36	)	(1,621.36	)	—	—	(1,621.36	)	—	—	(1,621.36	)
Book Balance per bank rec.	(1,621.36	)	(1,621.36	)	—

In re:	Case No.    03-13194
TICO Credit Company of Virginia, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    March-06

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

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

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent 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    March-06
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    March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent Month Actual Column)
Total Disbursements		(3,174.50	)
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	$	(3,174.50	)

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO-SC	Case No.    03-13191	Case No.    03-13191
Monthly Court Report for    March-06
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	—						—		—	—	—
SUBTOTAL	—		—		—		—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(3,174.50	)	(3,174.50	)	—		(3,174.50	)	—	—	(3,174.50	)
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
Total Cash Receipts and Transfers	(3,174.50	)	(3,174.50	)	—	—	(3,174.50	)	—	—	(3,174.50	)
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	(3,174.50	)	(3,174.50	)			(3,174.50	)	—	—	(3,174.50	)
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	(3,174.50	)	(3,174.50	)	—	—	(3,174.50	)	—	—	(3,174.50	)
										—	—
TOTAL ALL CASH DISBURSEMENTS	(3,174.50	)	(3,174.50	)	—	—	(3,174.50	)	—	—	(3,174.50	)
	—		—		—	—	—		—	—	—
Book Balance per bank rec.	—

In re:	Case No.    03-13196
TICO Credit Company of Alabama, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

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

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO ALABAMA	Case No.    03-13196	Case No.    03-13196
Monthly Court Report for    March-06
FED ID#    57-1109035

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

In re:	Case No.    03-13193
TICO Credit Company of North Carolina, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent 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    March-06
FED ID#    56-2058522

	Consolidated Totals	WACHOVIA DISBURSEMENT ACCOUNTS	WACHOVIA PAYROLL ACCOUNTS		Operating	Payroll	Other	Total
Beginning Cash Position	—				—	—	—	—
	—					—	—	—
TICO Cash Collected	—				—	—	—	—
SM Cash Collected	—				—	—	—	—
TIG Cash Collected	—				—	—	—	—
TPF Cash Collected	—				—	—	—	—
TCL Cash Collected	—				—	—	—	—
Other Income Collected	—				—	—	—	—
SUBTOTAL	—	—	—		—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	—	—	—		—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
	—				—	—	—	—
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    March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

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

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for TICO -DELAWARE	Case No.    03-13182
Monthly Court Report for    March-06
FED ID #    74-2873274

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

In re:	Case No.    03-13199
TICO Credit Company of Georgia, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent 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    March-06
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    March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent 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	Case No.    03-13200	Case No.    03-13200
Monthly Court Report for    March-06
FED ID#    31-4256360

	Consolidated Totals		WACHOVIA DISBURSEMENT ACCOUNTS		WACHOVIA PAYROLL ACCOUNTS	National City 394058175	Operating		Payroll	Other	Total
Beginning Cash Position	(0.00	)	—		—		(0.00	)	—	—	(0.00	)
	—								—	—	—
TICO Cash Collected	—						—		—	—	—
SM Cash Collected	—						—		—	—	—
TIG Cash Collected	—						—		—	—	—
TPF Cash Collected	—						—		—	—	—
TCL Cash Collected	—						—		—	—	—
Other Income Collected	25.00		25.00				25.00		—	—	25.00
SUBTOTAL	25.00		25.00		—	—	25.00		—	—	25.00
	—						—		—	—	—
	—						—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(25.00	)	(25.00	)	—		(25.00	)	—	—	(25.00	)
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
	—						—		—	—	—
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	—		—		—	—	—		—	—	—
	(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    March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent 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    March-06
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    March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent 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 MISSISSIPPI	Case No.    03-13201	Case No.    03-13201
Monthly Court Report for    March-06
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	431.93		431.93			431.93		—	—	431.93
SUBTOTAL	431.93		431.93		—	431.93		—	—	431.93
	—					—		—	—	—
	—					—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(431.93	)	(431.93	)		(431.93	)	—	—	(431.93	)
	—					—			—	—
Funds Received From Sale of Tico Mississippi - sent directly to Finova	—					—		—		—
Holdback, Deposits and Escrows	—					—		—	—	—
	—					—		—	—	—
Total Cash Receipts and Transfers	—		—		—	—		—	—	—
Cash Disbursements - Loans
Loan Proceeds Checks	—		—			—		—	—	—
Expenses related to Loans	—		—			—		—	—	—
Subtotal - Loans	—		—			—		—	—	—
Cash Disbursements - Other	—
Advertising	—		—			—		—	—	—
Bank Charges	—		—			—		—	—	—
Claims Funding*	—		—			—		—	—	—
Company Auto	—		—			—		—	—	—
Computer Costs	—		—			—		—	—	—
Dues And Subscriptions	—		—			—		—	—	—
Employee Reimbursements - collections exp	—		—			—		—	—	—
Equipment Rental	—		—			—		—	—	—
Fixed Assets	—		—			—		—	—	—
Forms & Printing	—		—			—		—	—	—
Insurance	—		—			—		—	—	—
Meals & Entertainment	—		—			—		—	—	—
Miscellaneous	—		—			—		—	—	—
Office Expense	—		—			—		—	—	—
Postage	—		—			—		—	—	—
Prepaid Expenses	—		—			—		—	—	—
Prepaid Software ABS	—		—			—		—	—	—
Professional Fees-Ordinary Course	—		—			—		—	—	—
Rent	—		—			—		—	—	—
Repairs & Maintenance	—		—			—		—	—	—
Roadgard	—		—			—		—	—	—
Seminars & Meetings	—		—			—		—	—	—
Taxes & Licenses	—		—			—		—	—	—
Telephone	—		—			—		—	—	—
Temporary Agency Staff	—		—			—		—	—	—
Travel	—		—			—		—	—	—
Utilities	—		—			—		—	—	—
Interest to Finova	—		—			—		—	—	—
Payroll Paid TTG	—		—			—		—	—	—
Payroll Paid SMC	—		—			—		—	—	—
Restructuring Officer	—		—			—		—	—	—
Insurance Renewal	—		—			—		—	—	—
Voyager Payment	—		—			—		—	—	—
Pre-Filing Prepays	—		—			—		—	—	—
Proceeds to Lender	—					—		—	—	—
US Trustee	—		—			—		—	—	—
Bankruptcy Professionals	—		—			—		—	—	—
Other - payment to Investment Banker	—					—		—	—	—
Total Other Cash Disbursements	—		—			—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	—		—			—		—	—	—
	—		—			—		—	—	—
Book Balance per bank rec.	—
	—

In re:	Case No.    03-13203
TICO Credit Company	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent 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 TENNESSEE	Case No.    03-13203	Case No.    03-13203
Monthly Court Report for    March-06
FED ID#    75-2714829

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

In re:	Case No.    03-13197
TICO Credit Company of Tennessee, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent 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    March-06
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    March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent 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    March-06
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   March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent 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    March-06
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     March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent 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    March-06
FED ID#    57-1076628

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

THE THAXTON GROUP
SUMMARY - SOUTHERN MANAGEMENT	Case No.    -
Monthly Court Report for    March-06
FED ID#

	Consolidated Totals		Covington Credit-OK 03-13208	Covington Credit of Texas 03-13211		Southern Finance of South Carolina 03-13212	Covington Credit of Georgia 03-13209	Quick Credit 03- 13213	Southern Finance of Tennesse 03-13206	Corporate HQ 03- 13205		Operating		Payroll	Other	Total
Beginning Cash Position	772,390.61		57,952.66	425,522.24		686,881.70	20,366.97	—	79,145.68	(497,478.64	)	772,390.61		—	—	772,390.61
	—		—	—		—	—	—	—					—	—	—
TICO Cash Collected	—		—	—		—	—	—	—	—		—		—	—	—
SM Cash Collected	10,705,851.00		417,123.69	2,976,284.82		2,503,366.67	1,247,601.36	1,342,912.15	1,072,342.24	1,146,220.07		10,705,851.00		—	—	10,705,851.00
TIG Cash Collected	—		—	—		—	—	—	—	—		—		—	—	—
TPF Cash Collected	—		—	—		—	—	—	—	—		—		—	—	—
TCL Cash Collected	—		—	—		—	—	—	—	—		—		—	—	—
Other Income Collected	221.75		—	—		—	—	—	—	221.75		221.75		—	—	221.75
SUBTOTAL	10,706,072.75		417,123.69	2,976,284.82		2,503,366.67	1,247,601.36	1,342,912.15	1,072,342.24	1,146,441.82		10,706,072.75		—	—	10,706,072.75
	—		—	—		—	—	—	—	—		—		—	—	—
	—		—	—		—	—	—	—	—		—			—	—
GENERAL LEDGER SWEEPS AND TRANSFERS	(405,919.85	)	46,716.84	(724,218.50	)	246,794.34	255,072.31	220,066.80	94,809.27	(545,160.91	)	(3,526,608.68	)	3,120,688.83	—	(405,919.85	)
	—		—	—		—	—	—	—	—		—		—	—	—
	—		—	—		—	—	—	—	—		—		—	—	—
	—		—	—		—	—	—	—	—		—		—	—	—
	—		—	—		—	—	—	—	—		—		—	—	—
Total Cash Receipts and Transfers	10,300,152.90		463,840.53	2,252,066.32		2,750,161.01	1,502,673.67	1,562,978.95	1,167,151.51	601,280.91		7,179,464.07		3,120,688.83	—	10,300,152.90
			—	—		—	—	—	—	—		—
Cash Disbursements - Loans			—	—		—	—	—	—	—		—
			—	—		—	—	—	—	—		—
Loan Proceeds Checks	5,833,909.79		250,476.49	1,667,365.34		1,564,609.13	762,508.09	888,318.65	700,632.09	—		5,833,909.79				5,833,909.79
Expenses related to Loans	278,242.08		15,489.05	63,891.95		82,000.28	45,379.88	40,534.84	30,873.07	73.01		278,242.08				278,242.08
Subtotal - Loans	6,112,151.87		265,965.54	1,731,257.29		1,646,609.41	807,887.97	928,853.49	731,505.16	73.01		6,112,151.87				6,112,151.87
			—	—		—	—	—	—	—		—				—
			—	—		—	—	—	—	—		—				—
Cash Disbursements - Other			—	—		—	—	—	—	—		—				—
Advertising	43,473.88		1,439.31	7,124.49		8,512.31	3,028.25	3,495.74	3,042.84	16,830.94		43,473.88				43,473.88
Bank Charges	27.00		—	—		—	—	—	—	27.00		27.00		—	—	27.00
Claims Funding*	149,052.20		1,184.11	46,005.01		16,158.23	7,511.69	54,967.79	16,900.87	6,324.50		149,052.20				149,052.20
Company Auto	13,471.57		216.25	2,360.33		158.96	1,935.70	3,608.10	573.16	4,619.07		13,471.57		—	—	13,471.57
Computer Costs	7,959.87		520.80	1,565.28		979.98	252.53	335.35	501.77	3,804.16		7,959.87		—	—	7,959.87
Dues And Subscriptions	300.00		—	—		—	—	—	300.00	—		300.00		—	—	300.00
Employee Reimbursements - collections exp	—		—	—		—	—	—	—	—		—		—	—	—
Equipment Rental	3,658.02		—	—		—	—	—	—	3,658.02		3,658.02		—	—	3,658.02
Fixed Assets	110,441.45		14,434.63	1,566.28		3,457.25	30,740.60	11,834.71	—	48,407.98		110,441.45		—	—	110,441.45
Forms & Printing	78,375.35		2,359.52	15,274.05		12,938.93	6,296.31	5,627.61	5,192.40	30,686.53		78,375.35		—	—	78,375.35
Insurance	35,367.78		1,260.56	10,961.54		7,982.07	4,605.61	5,328.27	3,284.85	1,944.88		35,367.78		—	—	35,367.78
Meals & Entertainment	10,772.51		288.52	2,803.10		623.84	1,133.44	2,750.96	662.28	2,510.37		10,772.51		—	—	10,772.51
Miscellaneous	4,350.63		208.10	1,065.88		1,236.83	883.06	251.20	356.43	349.13		4,350.63		—	—	4,350.63
Office Expense	11,172.61		559.00	2,146.17		476.90	566.22	1,254.33	231.94	5,938.05		11,172.61		—	—	11,172.61
Postage	37,790.08		1,198.18	8,616.43		8,964.00	4,730.15	5,210.02	2,223.50	6,847.80		37,790.08		—	—	37,790.08
Prepaid Expenses	—		—	—		—	—	—	—	—		—		—	—	—
Prepaid Software ABS	23,724.44		—	—		—	—	—	—	23,724.44		23,724.44		—	—	23,724.44
Professional Fees-Ordinary Course	4,585.27		—	25.00		—	—	—	—	4,560.27		4,585.27		—	—	4,585.27
Rent	191,981.77		9,724.77	58,823.77		39,176.78	23,876.77	20,848.58	24,229.69	15,301.41		191,981.77		—	—	191,981.77
Repairs & Maintenance	19,066.69		939.86	5,208.83		4,286.92	2,360.19	3,788.32	1,736.40	746.17		19,066.69		—	—	19,066.69
Roadgard	—		—	—		—	—	—	—	—		—		—	—	—
Seminars & Meetings	4,627.66		—	—		472.20	326.51	—	—	3,828.95		4,627.66		—	—	4,627.66
Taxes & Licenses	19,334.86		10.00	—		7,095.61	6,187.17	5,082.74	26.00	933.34		19,334.86		—	—	19,334.86
Telephone	84,704.93		3,628.83	23,103.46		18,957.48	10,950.24	8,153.75	10,439.63	9,471.54		84,704.93		—	—	84,704.93
Temporary Agency Staff	510.00		—	510.00		—	—	—	—	—		510.00		—	—	510.00
Travel	43,654.04		2,933.34	3,229.41		648.70	1,650.72	782.73	2,101.92	32,307.22		43,654.04		—	—	43,654.04
Utilities	47,196.99		2,707.61	14,242.01		10,054.70	7,784.26	6,019.20	6,389.21	—		47,196.99		—	—	47,196.99
Interest to Finova	—		—	—		—	—	—	—	—		—		—	—	—
Payroll Paid TTG	—		—	—		—	—	—	—	—		—		—	—	—
Payroll Paid SMC	3,120,688.83		148,545.16	420,681.26		932,888.73	475,649.06	440,373.72	352,845.56	349,705.34		—		3,120,688.83	—	3,120,688.83
Restructuring Officer	—		—	—		—	—	—	—	—		—		—	—	—
Insurance Renewal	1,796.69		—	—		1,539.00	—	223.94	—	33.75		1,796.69		—	—	1,796.69
Credit Insurance Payments	244,762.42		—	—		92,288.22	101,827.91	50,646.29	—	—		244,762.42		—	—	244,762.42
Pre-Filing Prepays	—		—	—		—	—	—	—	—		—		—	—	—
Deposit to Lender	—		—	—		—	—	—	—	—		—		—	—	—
US Trustee	—		—	—		—	—	—	—	—		—		—	—	—
Bankruptcy Professionals	—		—	—		—	—	—	—	—		—		—	—	—
Other	47,345.04		2,521.55	17,748.43		7,882.15	4,097.77	3,542.11	1,569.90	9,983.13		47,345.04		—	—	47,345.04
Total Other Cash Disbursements	4,360,192.58		194,680.10	643,060.73		1,176,779.79	696,394.16	634,125.46	432,608.35	582,543.99		1,239,503.75		3,120,688.83	—	4,360,192.58
			—	—			—					—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	10,472,344.45		460,645.64	2,374,318.02		2,823,389.20	1,504,282.13	1,562,978.95	1,164,113.51	582,617.00		7,351,655.62		3,120,688.83	—	10,472,344.45
				—
	600,199.06		61,147.55	303,270.54		613,653.51	18,758.51	—	82,183.68	(478,814.73	)	600,199.06		—	—	600,199.06
Book Balance per bank rec.	600,199.06		61,147.55	303,270.54		613,653.51	18,758.51	—	82,183.68	(478,814.73	)

THE THAXTON GROUP
Cash Disbursements for Southern Management Corp Consolidated	Wachovia     2000014825127
Monthly Court Report for    March-06	ACCOUNT     #2079900430903
FED ID#

ZBA ACCOUNTS	Consolidated Totals		Covington Credit-OK	Covington Credit of Texas	Southern Finance of South Carolina	Covington Credit of Georgia	Quick Credit	Southern Finance of Tennesse	Alabama- NON FILER	CORPORATE HQ
Beginning Cash Position	(1,006,322.72	)	—	—	—	—	—			(1,006,322.72	)
	—
TICO Cash Collected	—
SM Cash Collected	23,589.49								23,589.49
TIG Cash Collected	—		—
TPF Cash Collected	—		—
TCL Cash Collected	—		—
Other Income Collected	—
SUBTOTAL	23,589.49		—	—	—	—	—	—	23,589.49	—
	—
	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	10,100,305.44		420,898.90	2,706,689.13	2,481,613.64	1,321,445.81	1,404,618.75	1,049,572.97	76,208.95	639,257.29
OUTSTANDING CHECKS	—						—
Account # 2000014825127	—
Account #2079900430903	—
	—
Total Cash Receipts and Transfers	10,123,894.93		420,898.90	2,706,689.13	2,481,613.64	1,321,445.81	1,404,618.75	1,049,572.97	99,798.44	639,257.29
Cash Disbursements - Loans
Loan Proceeds Checks	5,870,009.92		250,476.49	1,667,365.34	1,564,609.13	762,508.09	888,318.65	700,632.09	36,100.13
Expenses related to Loans	279,667.12		15,489.05	63,891.95	82,000.28	45,379.88	40,534.84	30,873.07	1,425.04	73.01
Subtotal - Loans	6,149,677.04		265,965.54	1,731,257.29	1,646,609.41	807,887.97	928,853.49	731,505.16	37,525.17	73.01
Cash Disbursements - Other
Advertising	43,611.89		1,439.31	7,124.49	8,512.31	3,028.25	3,495.74	3,042.84	138.01	16,830.94
Bank Charges	27.00									27.00
Claims Funding*	149,052.20		1,184.11	46,005.01	16,158.23	7,511.69	54,967.79	16,900.87		6,324.50
Company Auto	13,562.57		216.25	2,360.33	158.96	1,935.70	3,608.10	573.16	91.00	4,619.07
Computer Costs	7,959.87		520.80	1,565.28	979.98	252.53	335.35	501.77		3,804.16
Dues And Subscriptions	300.00							300.00
Employee Reimbursements - collections exp	—
Equipment Rental	3,658.02									3,658.02
Fixed Assets	115,263.58		14,434.63	1,566.28	3,457.25	30,740.60	11,834.71		4,822.13	48,407.98
Forms & Printing	78,658.39		2,359.52	15,274.05	12,938.93	6,296.31	5,627.61	5,192.40	283.04	30,686.53
Insurance	35,390.00		1,260.56	10,961.54	7,982.07	4,605.61	5,328.27	3,284.85	22.22	1,944.88
Meals & Entertainment	11,071.69		288.52	2,803.10	623.84	1,133.44	2,750.96	662.28	299.18	2,510.37
Miscellaneous	4,458.43		208.10	1,065.88	1,236.83	883.06	251.20	356.43	107.80	349.13
Office Expense	11,475.17		559.00	2,146.17	476.90	566.22	1,254.33	231.94	302.56	5,938.05
Postage	38,591.53		1,198.18	8,616.43	8,964.00	4,730.15	5,210.02	2,223.50	801.45	6,847.80
Prepaid Expenses	—
Prepaid Software ABS	23,724.44									23,724.44
Professional Fees-Ordinary Course	4,585.27			25.00						4,560.27
Rent	196,106.08		9,724.77	58,823.77	39,176.78	23,876.77	20,848.58	24,229.69	4,124.31	15,301.41
Repairs & Maintenance	19,216.69		939.86	5,208.83	4,286.92	2,360.19	3,788.32	1,736.40	150.00	746.17
Roadgard	—
Seminars & Meetings	4,627.66				472.20	326.51				3,828.95
Taxes & Licenses	22,444.86		10.00		7,095.61	6,187.17	5,082.74	26.00	3,110.00	933.34
Telephone	85,383.30		3,628.83	23,103.46	18,957.48	10,950.24	8,153.75	10,439.63	678.37	9,471.54
Temporary Agency Staff	510.00			510.00
Travel	44,025.05		2,933.34	3,229.41	648.70	1,650.72	782.73	2,101.92	371.01	32,307.22
Utilities	47,958.89		2,707.61	14,242.01	10,054.70	7,784.26	6,019.20	6,389.21	761.90
Interest to Finova	—
Payroll Paid TTG	—
	2,509,669.34		108,798.42	753,052.37	591,113.17	292,812.74	282,013.52	238,305.02	16,094.29	227,479.81
Restructuring Officer	—
Insurance Renewal	31,912.69				1,539.00		223.94		30,116.00	33.75
Credit Insurance Carrier	244,762.42				92,288.22	101,827.91	50,646.29
Pre-Filing Prepays	—
Deposit to Lender	—
US Trustee	—
Bankruptcy Professionals	—
Other	47,345.04		2,521.55	17,748.43	7,882.15	4,097.77	3,542.11	1,569.90		9,983.13
Total Other Cash Disbursements	3,795,352.07		154,933.36	975,431.84	835,004.23	513,557.84	475,765.26	318,067.81	62,273.27	460,318.46
TOTAL ALL CASH DISBURSEMENTS	9,945,029.11		420,898.90	2,706,689.13	2,481,613.64	1,321,445.81	1,404,618.75	1,049,572.97	99,798.44	460,391.47
	(827,456.90	)	—	—	—	—	—	—	—	(827,456.90	)
Book Balance per bank rec.			—	—		—	—			(827,456.90	)

In re:	Case No.     03-13208
Covington Credit, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period     March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent Month Actual Column)
Total Disbursements		460,645.64
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	$	460,645.64

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Covington Credit, Inc	Case No.    03-13208
Monthly Court Report for    March-06		Case No.
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 DISBURSEMENT ACCOUNTS	WACHOVIA PAYROLL ACCOUNTS
Beginning Cash Position	57,952.66	11,381.71		4,544.92		6,505.78		7,400.03		6,663.77		—	—
	—
TICO Cash Collected	—
SM Cash Collected	417,123.69	47,262.44		31,452.67		50,224.24		40,430.07		40,999.19		54,855.48
TIG Cash Collected	—
TPF Cash Collected	—
TCL Cash Collected	—
Other Income Collected	—
SUBTOTAL	417,123.69	47,262.44		31,452.67		50,224.24		40,430.07		40,999.19		54,855.48	—
	—
	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	46,716.84	(44,211.65	)	(32,325.74	)	(48,906.63	)	(43,172.68	)	(41,570.28	)	366,043.42	39,746.74
	—
	—
Total Cash Receipts and Transfers	463,840.53	3,050.79		(873.07	)	1,317.61		(2,742.61	)	(571.09	)	420,898.90	39,746.74
Cash Disbursements - Loans
Loan Proceeds Checks	250,476.49											250,476.49
Expenses related to Loans	15,489.05											15,489.05
Subtotal - Loans	265,965.54	—		—		—		—		—		265,965.54	—
Cash Disbursements - Other	—
Advertising	1,439.31											1,439.31
Bank Charges	—											—
Claims Funding*	1,184.11											1,184.11
Company Auto	216.25											216.25
Computer Costs	520.80											520.80
Dues And Subscriptions	—											—
Employee Reimbursements - collections exp	—											—
Equipment Rental	—											—
Fixed Assets	14,434.63											14,434.63
Forms & Printing	2,359.52											2,359.52
Insurance	1,260.56											1,260.56
Meals & Entertainment	288.52											288.52
Miscellaneous	208.10											208.10
Office Expense	559.00											559.00
Postage	1,198.18											1,198.18
Prepaid Expenses	—											—
Prepaid Software ABS	—											—
Professional Fees-Ordinary Course	—											—
Rent	9,724.77											9,724.77
Repairs & Maintenance	939.86											939.86
Roadgard	—											—
Seminars & Meetings	—											—
Taxes & Licenses	10.00											10.00
Telephone	3,628.83											3,628.83
Temporary Agency Staff	—											—
Travel	2,933.34											2,933.34
Utilities	2,707.61											2,707.61
Interest to Finova	—											—
Payroll Paid TTG	—											—
Payroll Paid SMC	148,545.16											108,798.42	39,746.74
Restructuring Officer	—											—
Insurance Renewal	—											—
Voyager Payment	—											—
Pre-Filing Prepays	—											—
Deposit to Lender	—											—
US Trustee	—											—
Bankruptcy Professionals	—											—
Other	2,521.55											2,521.55
Total Other Cash Disbursements	194,680.10	—		—		—		—		—		154,933.36	39,746.74
TOTAL ALL CASH DISBURSEMENTS	460,645.64	—		—		—		—		—		420,898.90	39,746.74
	61,147.55	14,432.50		3,671.85		7,823.39		4,657.42		6,092.68		—	—
Ending Bank Balance per bank rec.	61,147.55	14,432.50		3,671.85		7,823.39		4,657.42		6,092.68

	Central National 212407		ARVEST 11860459		ARVEST 570344986			Operating	Payroll	Other
Beginning Cash Position	6,434.31		6,946.87		8,075.27			57,952.66	—	—
								—	—	—
TICO Cash Collected								—	—	—
SM Cash Collected	67,173.30		38,091.36		46,634.94			417,123.69	—	—
TIG Cash Collected								—	—	—
TPF Cash Collected								—	—	—
TCL Cash Collected								—	—	—
Other Income Collected								—	—	—
SUBTOTAL	67,173.30		38,091.36		46,634.94		—	417,123.69	—	—
								—	—	—
								—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(64,346.45	)	(35,354.96	)	(49,184.93	)		46,716.84	—	—
								—	—	—
								—	—	—
Total Cash Receipts and Transfers	2,826.85		2,736.40		(2,549.99	)	—	424,093.79	39,746.74	—
								—	—
Cash Disbursements - Loans								—	—
								—	—
Loan Proceeds Checks								250,476.49	—
Expenses related to Loans								15,489.05	—
Subtotal - Loans	—		—		—			265,965.54	—	—
								—	—
								—	—
Cash Disbursements - Other								—	—
Advertising								1,439.31	—
Bank Charges								—	—	—
Claims Funding*								1,184.11	—
Company Auto								216.25	—	—
Computer Costs								520.80	—	—
Dues And Subscriptions								—	—	—
Employee Reimbursements - collections exp								—	—
Equipment Rental								—	—	—
Fixed Assets								14,434.63	—	—
Forms & Printing								2,359.52	—	—
Insurance								1,260.56	—	—
Meals & Entertainment								288.52	—	—
Miscellaneous								208.10	—	—
Office Expense								559.00	—	—
Postage								1,198.18	—	—
Prepaid Expenses								—	—	—
Prepaid Software ABS								—	—	—
Professional Fees-Ordinary Course								—	—	—
Rent								9,724.77	—	—
Repairs & Maintenance								939.86	—	—
Roadgard								—	—	—
Seminars & Meetings								—	—	—
Taxes & Licenses								10.00	—	—
Telephone								3,628.83	—	—
Temporary Agency Staff								—	—	—
Travel								2,933.34	—	—
Utilities								2,707.61	—	—
Interest to Finova								—	—	—
Payroll Paid TTG								—	—	—
Payroll Paid SMC								108,798.42	39,746.74	—
Restructuring Officer								—	—	—
Insurance Renewal								—	—	—
Voyager Payment								—	—	—
Pre-Filing Prepays								—	—	—
Deposit to Lender								—	—	—
US Trustee								—	—	—
Bankruptcy Professionals								—	—	—
Other								2,521.55	—	—
Total Other Cash Disbursements	—		—		—			154,933.36	39,746.74	—
								—	—	—
TOTAL ALL CASH DISBURSEMENTS	—		—		—			420,898.90	39,746.74	—
	9,261.16		9,683.27		5,525.28			61,147.55	—	—
Ending Bank Balance per bank rec.	9,261.16		9,683.27		5,525.28

In re:	Case No.    03-13212
Southern Finance of South Carolina, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent Month Actual Column)
Total Disbursements		2,823,389.20
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	$	2,823,389.20

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Southern Finance -SC	Case #    03-13212
Monthly Court Report for    March-06		Case No.    03-13212
FED ID#    57-0827143

	Consolidated Totals	Peoples 1170002977		Exchange Bank of S.C. 510004702501		BB&T 5125815210		Regions Bank 3858010811		South Carolina Bank and Trust 270002033		WACHOVIA DISBURSEMENT ACCOUNTS		WACHOVIA PAYROLL ACCOUNTS
Beginning Cash Position	686,881.70	7,253.59		12,398.68		10,526.69		613,994.91		11,877.21		—		—
	—
TICO Cash Collected	—
SM Cash Collected	2,503,366.67	51,499.87		62,436.70		49,685.03		2,015,557.83		97,900.89		(105,701.27	)
TIG Cash Collected	—
TPF Cash Collected	—
TCL Cash Collected	—
Other Income Collected	—
SUBTOTAL	2,503,366.67	51,499.87		62,436.70		49,685.03		2,015,557.83		97,900.89		(105,701.27	)	—
	—
	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	246,794.34	(52,634.08	)	(65,093.77	)	(52,459.58	)	(2,088,924.96	)	(100,199.56	)	2,587,314.91		341,775.56
	—
	—
Total Cash Receipts and Transfers	2,750,161.01	(1,134.21	)	(2,657.07	)	(2,774.55	)	(73,367.13	)	(2,298.67	)	2,481,613.64		341,775.56
Cash Disbursements - Loans
Loan Proceeds Checks	1,564,609.13											1,564,609.13
Expenses related to Loans	82,000.28											82,000.28
Subtotal - Loans	1,646,609.41											1,646,609.41
Cash Disbursements - Other
Advertising	8,512.31											8,512.31
Bank Charges	—
Claims Funding*	16,158.23											16,158.23
Company Auto	158.96											158.96
Computer Costs	979.98											979.98
Dues And Subscriptions	—											—
Employee Reimbursements - collections exp	—											—
Equipment Rental	—											—
Fixed Assets	3,457.25											3,457.25
Forms & Printing	12,938.93											12,938.93
Insurance	7,982.07											7,982.07
Meals & Entertainment	623.84											623.84
Miscellaneous	1,236.83											1,236.83
Office Expense	476.90											476.90
Postage	8,964.00											8,964.00
Prepaid Expenses	—											—
Prepaid Software ABS	—											—
Professional Fees-Ordinary Course	—											—
Rent	39,176.78											39,176.78
Repairs & Maintenance	4,286.92											4,286.92
Roadgard	—											—
Seminars & Meetings	472.20											472.20
Taxes & Licenses	7,095.61											7,095.61
Telephone	18,957.48											18,957.48
Temporary Agency Staff	—											—
Travel	648.70											648.70
Utilities	10,054.70											10,054.70
Interest to Finova	—											—
Payroll Paid TTG	—											—
Payroll Paid SMC	932,888.73											591,113.17		341,775.56
Restructuring Officer	—											—
Insurance Renewal	1,539.00											1,539.00
Voyager Payment	92,288.22											92,288.22
Pre-Filing Prepays	—											—
Deposit to Lender	—											—
US Trustee	—											—
Bankruptcy Professionals	—											—
Other	7,882.15											7,882.15
Total Other Cash Disbursements	1,176,779.79	—		—		—		—		—		835,004.23		341,775.56
TOTAL ALL CASH DISBURSEMENTS	2,823,389.20	—		—		—		—		—		2,481,613.64		341,775.56
	613,653.51	6,119.38		9,741.61		7,752.14		540,627.78		9,578.54		—		—
Book Balance per bank rec.	613,653.51	6,119.38		9,741.61		7,752.14		540,627.78		9,578.54

	South Carolina Bank and Trust 270002041		South Carolina Bank and Trust 270002058		Palmetto Bank 11055855		Operating		Payroll	Other	Total
Beginning Cash Position	14,919.56		5,148.32		10,762.74		686,881.70		—	—	686,881.70
									—	—	—
TICO Cash Collected							—		—	—	—
SM Cash Collected	67,780.67		65,019.07		199,187.88		2,503,366.67		—	—	2,503,366.67
TIG Cash Collected							—		—	—	—
TPF Cash Collected							—		—	—	—
TCL Cash Collected							—		—	—	—
Other Income Collected							—		—	—	—
SUBTOTAL	67,780.67		65,019.07		199,187.88		2,503,366.67		—	—	2,503,366.67
							—		—	—	—
							—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(73,009.08	)	(62,643.12	)	(187,331.98	)	(94,981.22	)	341,775.56	—	246,794.34
							—		—	—	—
							—		—	—	—
Total Cash Receipts and Transfers	(5,228.41	)	2,375.95		11,855.90		2,408,385.45		341,775.56	—	2,750,161.01
							—
Cash Disbursements - Loans							—
							—
Loan Proceeds Checks							1,564,609.13				1,564,609.13
Expenses related to Loans							82,000.28				82,000.28
Subtotal - Loans							1,646,609.41				1,646,609.41
							—
							—
Cash Disbursements - Other							—
Advertising							8,512.31				8,512.31
Bank Charges							—		—	—	—
Claims Funding*							16,158.23				16,158.23
Company Auto							158.96		—	—	158.96
Computer Costs							979.98		—	—	979.98
Dues And Subscriptions							—		—	—	—
Employee Reimbursements - collections exp							—		—	—	—
Equipment Rental							—		—	—	—
Fixed Assets							3,457.25		—	—	3,457.25
Forms & Printing							12,938.93		—	—	12,938.93
Insurance							7,982.07		—	—	7,982.07
Meals & Entertainment							623.84		—	—	623.84
Miscellaneous							1,236.83		—	—	1,236.83
Office Expense							476.90		—	—	476.90
Postage							8,964.00		—	—	8,964.00
Prepaid Expenses							—		—	—	—
Prepaid Software ABS							—		—	—	—
Professional Fees-Ordinary Course							—		—	—	—
Rent							39,176.78		—	—	39,176.78
Repairs & Maintenance							4,286.92		—	—	4,286.92
Roadgard							—		—	—	—
Seminars & Meetings							472.20		—	—	472.20
Taxes & Licenses							7,095.61		—	—	7,095.61
Telephone							18,957.48		—	—	18,957.48
Temporary Agency Staff							—		—	—	—
Travel							648.70		—	—	648.70
Utilities							10,054.70		—	—	10,054.70
Interest to Finova							—		—	—	—
Payroll Paid TTG							—		—	—	—
Payroll Paid SMC							591,113.17		341,775.56	—	932,888.73
Restructuring Officer							—		—	—	—
Insurance Renewal							1,539.00		—	—	1,539.00
Voyager Payment							92,288.22		—	—	92,288.22
Pre-Filing Prepays							—		—	—	—
Deposit to Lender							—		—	—	—
US Trustee							—		—	—	—
Bankruptcy Professionals							—		—	—	—
Other							7,882.15		—	—	7,882.15
Total Other Cash Disbursements	—		—		—		1,176,779.79		—	—	1,176,779.79
							—		—	—	—
TOTAL ALL CASH DISBURSEMENTS	—		—		—		2,481,613.64		341,775.56	—	2,823,389.20
	9,691.15		7,524.27		22,618.64		613,653.51		—	—	613,653.51
Book Balance per bank rec.	9,691.15		7,524.27		22,618.64

In re:	Case No.    03-13211
Covington Credit of Texas, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    March-06

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

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

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent Month Actual Column)
Total Disbursements		2,374,318.02
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	$	2,374,318.02

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Covington Credit of Texas	Case #    03-13211
Monthly Court Report for    March-06
FED ID#    57-1002963		Texas State Bank	Prosperity

	Consolidated Totals		1st Commerce Bank 350188		1st Commerce Bank 381959		American Bank of Texas 1002218089		American National Bank 0010944		Bank of Texas 3000010649		Community Bank & Trust 100102889		First State Bank 2702488		Frost National Bank 460020362		Hibernia National Bank 04122623		International Bank of Commerce 9004201		Kleberg First National Bank 123390		Liberty Bank 2102872900		Liberty National Bank 126979		Prosperity Bank 2794981
Beginning Cash Position	425,522.24		10,513.10		10,699.83		8,192.12		14,537.07		11,593.58		19,961.71		9,157.94		5,338.23		8,601.39		118,204.78		8,241.83		8,592.99		7,118.70		8,501.27
	—
TICO Cash Collected	—
SM Cash Collected	2,976,284.82		50,249.03		60,638.54		50,368.36		61,708.13		48,075.38		71,557.96		53,985.74		36,310.01		41,153.22		698,511.81		75,890.16		44,046.49		39,158.47		42,626.89
TIG Cash Collected	—
TPF Cash Collected	—
TCL Cash Collected	—
Other Income Collected	—
SUB TOT- AL	2,976,284.82		50,249.03		60,638.54		50,368.36		61,708.13		48,075.38		71,557.96		53,985.74		36,310.01		41,153.22		698,511.81		75,890.16		44,046.49		39,158.47		42,626.89
	—
	—
GENERAL LEDGER DEPOSITS AND TRANS- FERS	(724,218.50	)	(51,508.12	)	(63,295.76	)	(53,377.35	)	(68,511.70	)	(52,334.29	)	(81,630.91	)	(54,293.92	)	(38,205.22	)	(44,878.59	)	(747,048.40	)	(77,769.72	)	(47,049.01	)	(40,036.63	)	(45,984.74	)
	—										—
	—
	—
	—
Total Cash Receipts and Trans- fers	2,252,066.32		(1,259.09	)	(2,657.22	)	(3,008.99	)	(6,803.57	)	(4,258.91	)	(10,072.95	)	(308.18	)	(1,895.21	)	(3,725.37	)	(48,536.59	)	(1,879.56	)	(3,002.52	)	(878.16	)	(3,357.85	)
Cash Disburse- ments - Loans
Loan Proceeds Checks	1,667,365.34
Expenses related to Loans	63,891.95
Subtotal - Loans	1,731,257.29		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Cash Disburse- ments - Other
Advertising	7,124.49
Bank Charges	—
Claims Funding*	46,005.01
Company Auto	2,360.33
Computer Costs	1,565.28
Dues And Subscriptions	—
Employee Reimbursements - collections exp	—
Equipment Rental	—
Fixed Assets	1,566.28
Forms & Printing	15,274.05
Insurance	10,961.54
Meals & Entertainment	2,803.10
Miscellaneous	1,065.88
Office Expense	2,146.17
Postage	8,616.43
Prepaid Expenses	—
Prepaid Software ABS	—
Professional Fees-Ordinary Course	25.00
Rent	58,823.77
Repairs & Maintenance	5,208.83
Roadgard	—
Seminars & Meetings	—
Taxes & Licenses	—
Telephone	23,103.46
Temporary Agency Staff	510.00
Travel	3,229.41
Utilities	14,242.01
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	17,748.43
Total Other Cash Disburse- ments	643,060.73		—		—		—		—		—		—		—		—		—		—		—		—		—		—
TOTAL ALL CASH DISBURSE- MENTS	2,374,318.02		—		—		—		—		—		—		—		—		—		—		—		—		—		—
	303,270.54		9,254.01		8,042.61		5,183.13		7,733.50		7,334.67		9,888.76		8,849.76		3,443.02		4,876.02		69,668.19		6,362.27		5,590.47		6,240.54		5,143.42
Book Balance per bank rec.	303,270.54		9,254.01		8,042.61		5,183.13		7,733.50		7,334.67		9,888.76		8,849.76		3,443.02		4,876.02		69,668.19		6,362.27		5,590.47		6,240.54		5,143.42

THE THAXTON GROUP
Cash Disbursements for Covington Credit of Texas
Monthly Court Report for			79921	325149301
FED ID#	1st National	1st National

	Prosperity Bank 2795011		Prosperity Bank 2795791		Prosperity Bank 75137494		Community Bank & Trust 11798527		Guaranty Bank 380-3594062		Guaranty Bank 380-3594567		Guaranty Bank 380-3594609		Guaranty Bank 380-3594559		Guaranty Bank 380-3594542		Guaranty Bank 380-3594153		Union Planter’s Bank 0080129775	WACHOVIA DISBURSEMENT ACCOUNTS	WACHOVIA PAYROLL ACCOUNTS	Wells Fargo 4231233624
Beginning Cash Position	5,076.99		16,546.41		4,777.40		5,773.81		4,090.18		14,078.31		6,948.75		10,426.83		9,931.52		3,537.81		—	—	—	7,534.72
TICO Cash Collected			—
SM Cash Collected	55,273.01		60,829.55		33,604.88		55,237.45		36,142.95		52,832.39		56,627.04		53,782.03		56,320.20		40,258.49		—	673,387.99		60,031.27
TIG Cash Collected
TPF Cash Collected
TCL Cash Collected			—
Other Income Collected
SUBTOTAL	55,273.01		60,829.55		33,604.88		55,237.45		36,142.95		52,832.39		56,627.04		53,782.03		56,320.20		40,258.49		—	673,387.99	—	60,031.27
GENERAL LEDGER DEPOSITS AND TRANS- FERS	(56,042.18	)	(68,647.79	)	(32,749.15	)	(50,966.92	)	(34,911.76	)	(57,624.45	)	(54,698.60	)	(57,915.24	)	(57,340.30	)	(37,038.28	)	—	1,280,248.77	420,681.26	(59,580.56	)
Total Cash Receipts and Transfers	(769.17	)	(7,818.24	)	855.73		4,270.53		1,231.19		(4,792.06	)	1,928.44		(4,133.21	)	(1,020.10	)	3,220.21		—	1,953,636.76	420,681.26	450.71
Cash Disburse- ments - Loans
Loan Proceeds Checks																						1,667,365.34
Expenses related to Loans																						63,891.95
Subtotal - Loans	—		—		—		—		—		—		—		—		—		—		—	1,731,257.29	—	—
Cash Disburse- ments - Other
Advertising																						7,124.49
Bank Charges			—								—		—		—		—
Claims Funding*																						46,005.01
Company Auto																						2,360.33
Computer Costs																						1,565.28
Dues And Subscriptions																						—
Employee Reimbursements - collections exp																						—
Equipment Rental																						—
Fixed Assets																						1,566.28
Forms & Printing																						15,274.05
Insurance																						10,961.54
Meals & Entertainment																						2,803.10
Miscellaneous																						1,065.88
Office Expense																						2,146.17
Postage																						8,616.43
Prepaid Expenses																						—
Prepaid Software ABS																						—
Professional Fees-Ordinary Course																						25.00
Rent																						58,823.77
Repairs & Maintenance																						5,208.83
Roadgard																						—
Seminars & Meetings																						—
Taxes & Licenses																						—
Telephone																						23,103.46
Temporary Agency Staff																						510.00
Travel																						3,229.41
Utilities																						14,242.01
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																						17,748.43
Total Other Cash Disburse- ments	—		—		—		—		—		—		—		—		—		—		—	222,379.47	420,681.26	—
TOTAL ALL CASH DISBURSE- MENTS	—		—		—		—		—		—		—		—		—		—		—	1,953,636.76	420,681.26	—
	4,307.82		8,728.17		5,633.13		10,044.34		5,321.37		9,286.25		8,877.19		6,293.62		8,911.42		6,758.02		—	—	—	7,985.43
Book Balance per bank rec.	4,307.82		8,728.17		5,633.13		10,044.34		5,321.37		9,286.25		8,877.19		6,293.62		8,911.42		6,758.02		—			7,985.43

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

	Wells Fargo 4231337470		Wells Fargo 5505312659		Wells Fargo 5690474692		Wells Fargo 5880617148		Wells Fargo 7390259432		First National Bank Texas 001100998		Operating		Payroll	Other	Total
Beginning Cash Position	11,017.43		4,832.23		8,900.26		14,728.48		14,196.52		33,870.05		425,522.24		—	—	425,522.24
															—	—	—
TICO Cash Collected													—		—	—	—
SM Cash Collected	59,946.50		41,961.59		49,474.04		51,314.66		57,103.28		107,877.31		2,976,284.82		—	—	2,976,284.82
TIG Cash Collected													—		—	—	—
TPF Cash Collected													—		—	—	—
TCL Cash Collected													—		—	—	—
Other Income Collected													—		—	—	—
SUBTOTAL	59,946.50		41,961.59		49,474.04		51,314.66		57,103.28		107,877.31		2,976,284.82		—	—	2,976,284.82
													—		—	—	—
													—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(63,969.18	)	(42,984.62	)	(51,991.60	)	(59,752.30	)	(63,029.25	)	(109,981.99	)	(1,144,899.76	)	420,681.26	—	(724,218.50	)
													—		—	—	—
													—		—	—	—
													—		—	—	—
													—		—	—	—
Total Cash Receipts and Transfers	(4,022.68	)	(1,023.03	)	(2,517.56	)	(8,437.64	)	(5,925.97	)	(2,104.68	)	1,831,385.06		420,681.26	—	2,252,066.32
															—
Cash Disbursements - Loans															—
													—		—
Loan Proceeds Checks													1,667,365.34		—		1,667,365.34
Expenses related to Loans													63,891.95		—		63,891.95
Subtotal - Loans	—		—		—		—		—		—		1,731,257.29		—	—	1,731,257.29
															—
															—
Cash Disbursements - Other															—
Advertising													7,124.49		—	—	7,124.49
Bank Charges											—		—			—	—
Claims Funding*													46,005.01		—		46,005.01
Company Auto													2,360.33		—	—	2,360.33
Computer Costs													1,565.28		—	—	1,565.28
Dues And Subscriptions													—		—	—	—
Employee Reimbursements - collections exp													—		—	—	—
Equipment Rental													—		—	—	—
Fixed Assets													1,566.28		—	—	1,566.28
Forms & Printing													15,274.05		—	—	15,274.05
Insurance													10,961.54		—	—	10,961.54
Meals & Entertainment													2,803.10		—	—	2,803.10
Miscellaneous													1,065.88		—	—	1,065.88
Office Expense													2,146.17		—	—	2,146.17
Postage													8,616.43		—	—	8,616.43
Prepaid Expenses													—		—	—	—
Prepaid Software ABS													—		—	—	—
Professional Fees-Ordinary Course													25.00		—	—	25.00
Rent													58,823.77		—	—	58,823.77
Repairs & Maintenance													5,208.83		—	—	5,208.83
Roadgard													—		—	—	—
Seminars & Meetings													—		—	—	—
Taxes & Licenses													—		—	—	—
Telephone													23,103.46		—	—	23,103.46
Temporary Agency Staff													510.00		—	—	510.00
Travel													3,229.41		—	—	3,229.41
Utilities													14,242.01		—	—	14,242.01
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													17,748.43		—	—	17,748.43
Total Other Cash Disbursements	—		—		—		—		—		—		222,379.47		420,681.26	—	643,060.73
													—			—	—
TOTAL ALL CASH DISBURSEMENTS	—		—		—		—		—		—		1,953,636.76		420,681.26	—	2,374,318.02
	6,994.75		3,809.20		6,382.70		6,290.84		8,270.55		31,765.37		303,270.54		—	—	303,270.54
Book Balance per bank rec.	6,994.75		3,809.20		6,382.70		6,290.84		8,270.55		31,765.37

In re:	Case No.    03-13213
Quick Credit Corporation, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent Month Actual Column)
Total Disbursements		1,562,978.95
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	$	1,562,978.95

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Quick Credit Corporation, Inc.	03-13213	Case No.    03-13213
Monthly Court Report for    March-06
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	1,342,912.15	1,342,912.15		1,342,912.15	—	—	1,342,912.15
TIG Cash Collected	—			—	—	—	—
TPF Cash Collected	—			—	—	—	—
TCL Cash Collected	—			—	—	—	—
Other Income Collected	—			—	—	—	—
SUBTOTAL	1,342,912.15	1,342,912.15	—	1,342,912.15	—	—	1,342,912.15
	—			—	—	—	—
	—			—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	220,066.80	61,706.60	158,360.20	61,706.60	158,360.20	—	220,066.80
	—			—	—	—	—
	—			—	—	—	—
	—			—	—	—	—
	—			—	—	—	—
Total Cash Receipts and Transfers	1,562,978.95	1,404,618.75	158,360.20	1,404,618.75	158,360.20	—	1,562,978.95
Cash Disbursements - Loans
Loan Proceeds Checks	888,318.65	888,318.65		888,318.65			888,318.65
Expenses related to Loans	40,534.84	40,534.84		40,534.84			40,534.84
Subtotal - Loans	928,853.49	928,853.49	—	928,853.49	—	—	928,853.49
		—		—			—
		—		—			—
Cash Disbursements - Other		—		—			—
Advertising	3,495.74	3,495.74		3,495.74			3,495.74
Bank Charges	—	—		—	—	—	—
Claims Funding*	54,967.79	54,967.79		54,967.79			54,967.79
Company Auto	3,608.10	3,608.10		3,608.10	—	—	3,608.10
Computer Costs	335.35	335.35		335.35	—	—	335.35
Dues And Subscriptions	—	—		—	—	—	—
Employee Reimbursements - collections exp	—	—		—	—	—	—
Equipment Rental	—	—		—	—	—	—
Fixed Assets	11,834.71	11,834.71		11,834.71	—	—	11,834.71
Forms & Printing	5,627.61	5,627.61		5,627.61	—	—	5,627.61
Insurance	5,328.27	5,328.27		5,328.27	—	—	5,328.27
Meals & Entertainment	2,750.96	2,750.96		2,750.96	—	—	2,750.96
Miscellaneous	251.20	251.20		251.20	—	—	251.20
Office Expense	1,254.33	1,254.33		1,254.33	—	—	1,254.33
Postage	5,210.02	5,210.02		5,210.02	—	—	5,210.02
Prepaid Expenses	—	—		—	—	—	—
Prepaid Software ABS	—	—		—	—	—	—
Professional Fees-Ordinary Course	—	—		—	—	—	—
Rent	20,848.58	20,848.58		20,848.58	—	—	20,848.58
Repairs & Maintenance	3,788.32	3,788.32		3,788.32	—	—	3,788.32
Roadgard	—	—		—	—	—	—
Seminars & Meetings	—	—		—	—	—	—
Taxes & Licenses	5,082.74	5,082.74		5,082.74	—	—	5,082.74
Telephone	8,153.75	8,153.75		8,153.75	—	—	8,153.75
Temporary Agency Staff	—	—		—	—	—	—
Travel	782.73	782.73		782.73	—	—	782.73
Utilities	6,019.20	6,019.20		6,019.20	—	—	6,019.20
Interest to Finova	—	—		—	—	—	—
Payroll Paid TTG	—	—		—	—	—	—
Payroll Paid SMC	440,373.72	282,013.52	158,360.20	282,013.52	158,360.20	—	440,373.72
Restructuring Officer	—	—		—	—	—	—
Insurance Renewal	223.94	223.94		223.94	—	—	223.94
Voyager Payment	50,646.29	50,646.29		50,646.29	—	—	50,646.29
Pre-Filing Prepays	—	—		—	—	—	—
Deposit to Lender	—	—		—	—	—	—
US Trustee	—	—		—	—	—	—
Bankruptcy Professionals	—	—		—	—	—	—
Other	3,542.11	3,542.11		3,542.11	—	—	3,542.11
Total Other Cash Disbursements	634,125.46	475,765.26	158,360.20	475,765.26	158,360.20	—	634,125.46
TOTAL ALL CASH DISBURSEMENTS	1,562,978.95	1,404,618.75	158,360.20	1,404,618.75	158,360.20	—	1,562,978.95
	—	—	—	—	—	—	—
Book Balance per bank rec.	—

In re:	Case No.    03-13209
Covington Credit of Georgia, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent Month Actual Column)
Total Disbursements		1,504,282.13
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	$	1,504,282.13

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Covington Credit of GA	Case #    03-13209	Case No.    03-13209
Monthly Court Report for    March-06
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	20,366.97	7,668.18		12,698.79		—	—	20,366.97	—	—	20,366.97
	—								—	—	—
TICO Cash Collected	—							—	—	—	—
SM Cash Collected	1,247,601.36	44,505.31		97,568.07		1,105,527.98		1,247,601.36	—	—	1,247,601.36
TIG Cash Collected	—							—	—	—	—
TPF Cash Collected	—							—	—	—	—
TCL Cash Collected	—							—	—	—	—
Other Income Collected	—							—	—	—	—
SUBTOTAL	1,247,601.36	44,505.31		97,568.07		1,105,527.98	—	1,247,601.36	—	—	1,247,601.36
	—							—	—	—	—
	—							—	—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	255,072.31	(45,665.77	)	(98,016.07	)	215,917.83	182,836.32	72,235.99	182,836.32	—	255,072.31
	—							—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
	—							—	—	—	—
Total Cash Receipts and Transfers	1,502,673.67	(1,160.46	)	(448.00	)	1,321,445.81	182,836.32	1,319,837.35	182,836.32	—	1,502,673.67
Cash Disbursements - Loans
								—
Loan Proceeds Checks	762,508.09					762,508.09		762,508.09			762,508.09
Expenses related to Loans	45,379.88					45,379.88		45,379.88			45,379.88
Subtotal - Loans	807,887.97	—		—		807,887.97	—	807,887.97	—	—	807,887.97
	—							—
	—							—
Cash Disbursements - Other	—							—
Advertising	3,028.25					3,028.25		3,028.25			3,028.25
Bank Charges	—					—		—	—	—	—
Claims Funding*	7,511.69					7,511.69		7,511.69			7,511.69
Company Auto	1,935.70					1,935.70		1,935.70	—	—	1,935.70
Computer Costs	252.53					252.53		252.53	—	—	252.53
Dues And Subscriptions	—					—		—	—	—	—
Employee Reimbursements - collections exp	—					—		—	—	—	—
Equipment Rental	—					—		—	—	—	—
Fixed Assets	30,740.60					30,740.60		30,740.60	—	—	30,740.60
Forms & Printing	6,296.31					6,296.31		6,296.31	—	—	6,296.31
Insurance	4,605.61					4,605.61		4,605.61	—	—	4,605.61
Meals & Entertainment	1,133.44					1,133.44		1,133.44	—	—	1,133.44
Miscellaneous	883.06					883.06		883.06	—	—	883.06
Office Expense	566.22					566.22		566.22	—	—	566.22
Postage	4,730.15					4,730.15		4,730.15	—	—	4,730.15
Prepaid Expenses	—					—		—	—	—	—
Prepaid Software ABS	—					—		—	—	—	—
Professional Fees-Ordinary Course	—					—		—	—	—	—
Rent	23,876.77					23,876.77		23,876.77	—	—	23,876.77
Repairs & Maintenance	2,360.19					2,360.19		2,360.19	—	—	2,360.19
Roadgard	—					—		—	—	—	—
Seminars & Meetings	326.51					326.51		326.51	—	—	326.51
Taxes & Licenses	6,187.17					6,187.17		6,187.17	—	—	6,187.17
Telephone	10,950.24					10,950.24		10,950.24	—	—	10,950.24
Temporary Agency Staff	—					—		—	—	—	—
Travel	1,650.72					1,650.72		1,650.72	—	—	1,650.72
Utilities	7,784.26					7,784.26		7,784.26	—	—	7,784.26
Interest to Finova	—					—		—	—	—	—
Payroll Paid TTG	—					—		—	—	—	—
Payroll Paid SMC	475,649.06					292,812.74	182,836.32	292,812.74	182,836.32	—	475,649.06
Restructuring Officer	—					—		—	—	—	—
Insurance Renewal	—					—		—	—	—	—
Voyager Payment	101,827.91					101,827.91		101,827.91	—	—	101,827.91
Pre-Filing Prepays	—					—		—	—	—	—
Deposit to Lender	—					—		—	—	—	—
US Trustee	—					—		—	—	—	—
Bankruptcy Professionals	—					—		—	—	—	—
Other	4,097.77					4,097.77		4,097.77	—	—	4,097.77
Total Other Cash Disbursements	696,394.16	—		—		513,557.84	182,836.32	513,557.84	182,836.32	—	696,394.16
								—	—	—	—
TOTAL ALL CASH DISBURSEMENTS	1,504,282.13	—		—		1,321,445.81	182,836.32	1,321,445.81	182,836.32	—	1,504,282.13
	18,758.51	6,507.72		12,250.79		—	—	18,758.51	—	—	18,758.51
Book Balance per bank rec.	18,758.51	6,507.72		12,250.79

In re:	Case No.    03-13206
Southern Finance of Tennessee, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent Month Actual Column)
Total Disbursements		1,164,113.51
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	$	1,164,113.51

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Southern Finance of TN	Case #    03-13206	Case No.    03-13206
Monthly Court Report for    March-06
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	79,145.68	8,082.76		—	—	—	71,062.92		79,145.68		—	—	79,145.68
	—								—		—	—	—
TICO Cash Collected	—								—		—	—	—
SM Cash Collected	1,072,342.24	40,568.73		—	367,714.35		664,059.16		1,072,342.24		—	—	1,072,342.24
TIG Cash Collected	—								—		—	—	—
TPF Cash Collected	—								—		—	—	—
TCL Cash Collected	—								—		—	—	—
Other Income Collected	—								—		—	—	—
SUBTOTAL	1,072,342.24	40,568.73		—	367,714.35	—	664,059.16		1,072,342.24		—	—	1,072,342.24
	—								—		—	—	—
	—								—		—	—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	94,809.27	(39,856.15	)	—	681,858.62	114,540.54	(661,733.74	)	(19,731.27	)	114,540.54	—	94,809.27
	—								—		—	—	—
	—								—		—	—	—
	—								—		—	—	—
	—								—		—	—	—
Total Cash Receipts and Transfers	1,167,151.51	712.58		—	1,049,572.97	114,540.54	2,325.42		1,052,610.97		114,540.54	—	1,167,151.51
									—
Cash Disbursements - Loans									—
									—
Loan Proceeds Checks	700,632.09				700,632.09				700,632.09				700,632.09
Expenses related to Loans	30,873.07				30,873.07				30,873.07				30,873.07
Subtotal - Loans	731,505.16	—		—	731,505.16	—	—		731,505.16		—	—	731,505.16
									—
									—
Cash Disbursements - Other									—
Advertising	3,042.84				3,042.84				3,042.84				3,042.84
Bank Charges	—			—	—				—		—	—	—
Claims Funding*	16,900.87				16,900.87				16,900.87				16,900.87
Company Auto	573.16				573.16				573.16		—	—	573.16
Computer Costs	501.77				501.77				501.77		—	—	501.77
Dues And Subscriptions	300.00				300.00				300.00		—	—	300.00
Employee Reimbursements - collections exp	—				—				—		—	—	—
Equipment Rental	—				—				—		—	—	—
Fixed Assets	—				—				—		—	—	—
Forms & Printing	5,192.40				5,192.40				5,192.40		—	—	5,192.40
Insurance	3,284.85				3,284.85				3,284.85		—	—	3,284.85
Meals & Entertainment	662.28				662.28				662.28		—	—	662.28
Miscellaneous	356.43				356.43				356.43		—	—	356.43
Office Expense	231.94				231.94				231.94		—	—	231.94
Postage	2,223.50				2,223.50				2,223.50		—	—	2,223.50
Prepaid Expenses	—				—				—		—	—	—
Prepaid Software ABS	—				—				—		—	—	—
Professional Fees-Ordinary Course	—				—				—		—	—	—
Rent	24,229.69				24,229.69				24,229.69		—	—	24,229.69
Repairs & Maintenance	1,736.40				1,736.40				1,736.40		—	—	1,736.40
Roadgard	—				—				—		—	—	—
Seminars & Meetings	—				—				—		—	—	—
Taxes & Licenses	26.00				26.00				26.00		—	—	26.00
Telephone	10,439.63				10,439.63				10,439.63		—	—	10,439.63
Temporary Agency Staff	—				—				—		—	—	—
Travel	2,101.92				2,101.92				2,101.92		—	—	2,101.92
Utilities	6,389.21				6,389.21				6,389.21		—	—	6,389.21
Interest to Finova	—				—				—		—	—	—
Payroll Paid TTG	—				—				—		—	—	—
Payroll Paid SMC	352,845.56				238,305.02	114,540.54			238,305.02		114,540.54	—	352,845.56
Restructuring Officer	—				—				—		—	—	—
Insurance Renewal	—				—				—		—	—	—
Voyager Payment	—				—				—		—	—	—
Pre-Filing Prepays	—				—				—		—	—	—
Deposit to Lender	—				—				—		—	—	—
US Trustee	—				—				—		—	—	—
Bankruptcy Professionals	—				—				—		—	—	—
Other	1,569.90				1,569.90				1,569.90		—	—	1,569.90
Total Other Cash Disbursements	432,608.35	—		—	318,067.81	114,540.54	—		318,067.81		114,540.54	—	432,608.35
									—
TOTAL ALL CASH DISBURSEMENTS	1,164,113.51	—		—	1,049,572.97	114,540.54	—		1,049,572.97		114,540.54	—	1,164,113.51
	82,183.68	8,795.34		—	—	—	73,388.34		82,183.68		—	—	82,183.68
Book Balance per bank rec.	82,183.68	8,795.34		—			73,388.34

In re:	Case No.    03-13205
Southern Management Corporation	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent Month Actual Column)
Total Disbursements		582,617.00
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	$	582,617.00

FORM MOR-1

THE THAXTON GROUP
Cash Disbursements for Southern Management Corp	Case No.    03-13205	Case No.    03-13205
Monthly Court Report for     March-06
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	(497,478.64	)	103,501.75	459,448.54		(1,006,322.72	)	(54,106.21	)	(497,478.64	)	—		—	(497,478.64	)
	—											—		—	—
TICO Cash Collected	—									—		—		—	—
SM Cash Collected	1,146,220.07			1,146,220.07				—		1,146,220.07		—		—	1,146,220.07
TIG Cash Collected	—									—		—		—	—
TPF Cash Collected	—									—		—		—	—
TCL Cash Collected	—									—		—		—	—
Other Income Collected	221.75		221.75							221.75		—		—	221.75
SUBTOTAL	1,146,441.82		221.75	1,146,220.07		—		—		1,146,441.82		—		—	1,146,441.82
	—									—		—		—	—
	—									—		—		—	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	(545,160.91	)		(1,189,468.74	)	639,257.29		5,050.54		(550,211.45	)	5,050.54		—	(545,160.91	)
	—									—		—		—	—
	—									—		—		—	—
	—									—		—		—	—
	—									—		—		—	—
Total Cash Receipts and Transfers	601,280.91		221.75	(43,248.67	)	639,257.29		5,050.54		596,230.37		5,050.54		—	601,280.91		—
Cash Disbursements - Loans
Loan Proceeds Checks	—									—
Expenses related to Loans	73.01					73.01				73.01					73.01
Subtotal - Loans	73.01		—	—		73.01		—		73.01		—		—	73.01
Cash Disbursements - Other	—									—
Advertising	16,830.94					16,830.94				16,830.94					16,830.94
Bank Charges	27.00					27.00				27.00		—		—	27.00
Claims Funding*	6,324.50					6,324.50				6,324.50					6,324.50
Company Auto	4,619.07					4,619.07				4,619.07		—		—	4,619.07
Computer Costs	3,804.16					3,804.16				3,804.16		—		—	3,804.16
Dues And Subscriptions	—					—				—		—		—	—
Employee Reimbursements - collections exp	—					—				—		—		—	—
Equipment Rental	3,658.02					3,658.02				3,658.02		—		—	3,658.02
Fixed Assets	48,407.98					48,407.98				48,407.98		—		—	48,407.98
Forms & Printing	30,686.53					30,686.53				30,686.53		—		—	30,686.53
Insurance	1,944.88					1,944.88				1,944.88		—		—	1,944.88
Meals & Entertainment	2,510.37					2,510.37				2,510.37		—		—	2,510.37
Miscellaneous	349.13					349.13				349.13		—		—	349.13
Office Expense	5,938.05					5,938.05				5,938.05		—		—	5,938.05
Postage	6,847.80					6,847.80				6,847.80		—		—	6,847.80
Prepaid Expenses	—					—				—		—		—	—
Prepaid Software ABS	23,724.44					23,724.44				23,724.44		—		—	23,724.44
Professional Fees-Ordinary Course	4,560.27					4,560.27				4,560.27		—		—	4,560.27
Rent	15,301.41					15,301.41				15,301.41		—		—	15,301.41
Repairs & Maintenance	746.17					746.17				746.17		—		—	746.17
Roadgard	—					—				—		—		—	—
Seminars & Meetings	3,828.95					3,828.95				3,828.95		—		—	3,828.95
Taxes & Licenses	933.34					933.34				933.34		—		—	933.34
Telephone	9,471.54					9,471.54				9,471.54		—		—	9,471.54
Temporary Agency Staff	—					—				—		—		—	—
Travel	32,307.22					32,307.22				32,307.22		—		—	32,307.22
Utilities	—					—				—		—		—	—
Interest to Finova	—					—				—		—		—	—
Payroll Paid TTG	—					—				—		—		—	—
Payroll Paid SMC	349,705.34					227,479.81		122,225.53		227,479.81		122,225.53		—	349,705.34
Restructuring Officer	—					—				—		—		—	—
Insurance Renewal	33.75					33.75				33.75		—		—	33.75
Voyager Payment	—					—				—		—		—	—
Pre-Filing Prepays	—					—				—		—		—	—
Deposit to Lender	—					—				—		—		—	—
US Trustee	—					—				—		—		—	—
Bankruptcy Professionals	—					—				—		—		—	—
Other	9,983.13					9,983.13				9,983.13		—		—	9,983.13
Total Other Cash Disbursements	582,543.99		—	—		460,318.46		122,225.53		460,318.46		122,225.53		—	582,543.99
										—		—		—	—
TOTAL ALL CASH DISBURSEMENTS	582,617.00		—	—		460,391.47		122,225.53		460,391.47		122,225.53		—	582,617.00
	(478,814.73	)	103,723.50	416,199.87		(827,456.90	)	(171,281.20	)	(361,639.74	)	(117,174.99	)	—	(478,814.73	)
Book Balance per bank rec.	(478,814.73	)	103,723.50	416,199.87		(827,456.90	)	(171,281.20	)
			—			—
				—

In re:	Case No.    03-13207
Southern Financial Management, Inc.	Jointly Administered
SEE ATTACHED SCHEDULES	Reporting Period    March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent 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 March-06
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    March-06

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 disburesements reported on this page. A bank reconciliation must be attached for each accounts. [See Mor-1 (Con’t)]

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

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

Disbursements for calculating US Trustee Quarterly Fees: (From Curent 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     March-06
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    March-06

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.

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

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

Form Mor - 2

In re:	Case No.    03-13182 - 03-13213
THE THAXTON GROUP	Jointly Administered
SEE ATTACHED FINANCIAL STATEMENTS	Reporting Period    March-06

STATEMENT OF OPERATIONS - continuation sheet

BREAKDOWN OF OTHER CATEGORY	Month		Cumulative Filing to Date
Other Costs
Total Other Costs	$	0.00	$	0.00
Other Operationas 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 - Interst 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

3/31/2006

	Premium Finance	Commercial Lending	Insurance Group	Southern		Corporate		Eliminations	Total Continuing Ops.				Discontinued TICO		Total Company
Net Interest Income
Interest Income	—	—	—	3,216,154		—		—	3,216,154		66.1	%	—		3,216,154		65.6	%
I/B Income	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Fee Income	—	—	—	521,811		—		—	521,811		10.7	%	—		521,811		10.6	%
Late Charges	—	—	—	297,472		—		—	297,472		6.1	%	—		297,472		6.1	%
Total Interest Income	—	—	—	4,035,437		—		—	4,035,437		82.9	%	—		4,035,437		82.3	%
Interest Expense	—	—	—	197,940		177,347		—	375,287		7.7	%	—		375,287		7.7	%
Net Interest Income	—	—	—	3,837,497		(177,347	)	—	3,660,150		75.2	%	—		3,660,150		74.7	%
Provision for Loan Losses
P&L Recoveries	—	—	—	(54,491	)	—		—	(54,491	)	-1.1	%	43		(54,448	)	-1.1	%
Reserves	—	—	—	(405,978	)	—		—	(405,978	)	-8.3	%	—		(405,978	)	-8.3	%
Cash	—	—	—	886,575		—		—	886,575		18.2	%	—		886,575		18.1	%
Total Provision	—	—	—	426,107		—		—	426,107		8.8	%	43		426,150		8.7	%
Net Interest included Provision	—	—	—	3,411,390		(177,347	)	—	3,234,043				(43	)	3,234,000
Revenues
Premiums on Loans Sold	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Insurance Premiums	—	—	—	403,484		—		—	403,484		8.3	%	7,173		410,657		8.4	%
Insurance Commissions	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Earned Insurance	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Processing Fees	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Other Fees	—	—	—	27,980		—		—	27,980		0.6	%	—		27,980		0.6	%
Other Income	—	—	—	368,760		31,257		—	400,017		8.2	%	27,104		427,121		8.7	%
Total Direct Income	—	—	—	800,223		31,257		—	831,481		17.1	%	34,277		865,758		17.7	%
Total Revenue	—	—	—	4,835,660		31,257		—	4,866,918		100.0	%	34,277		4,901,195		100.0	%
Expenses
Personnel
Salaries & Wages	—	—	—	1,384,450		34,819		—	1,419,269		29.2	%	—		1,419,269		29.0	%
Commissions/Bonus	—	—	—	334,332		—		—	334,332		6.9	%	—		334,332		6.8	%
Benefits	—	—	—	212,751		1,853		—	214,603		4.4	%	—		214,603		4.4	%
Taxes	—	—	—	186,287		3,771		—	190,058		3.9	%	—		190,058		3.9	%
Other	—	—	—	3,362		—		—	3,362		0.1	%	—		3,362		0.1	%
Total Personnel	—	—	—	2,121,182		40,442		—	2,161,624		44.4	%	—		2,161,624		44.1	%
Building
Rent	—	—	—	194,301		3,684		—	197,984		4.1	%	—		197,984		4.0	%
Utilities	—	—	—	47,764		455		—	48,220		1.0	%	—		48,220		1.0	%
Depreciation	—	—	—	55,617		2,914		—	58,532		1.2	%	3,453		61,984		1.3	%
Other	—	—	—	22,839		—		—	22,839		0.5	%	—		22,839		0.5	%
Total Building	—	—	—	320,522		7,053		—	327,575		6.7	%	3,453		331,028		6.8	%
Telecommunications
Telephone	—	—	—	91,254		1,418		—	92,673		1.9	%	(3,175	)	89,498		1.8	%
Computers	—	—	—	47,842		35,908		—	83,750		1.7	%	—		83,750		1.7	%
Office Expense	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Other	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Total Telecommunications	—	—	—	139,097		37,326		—	176,423		3.6	%	(3,175	)	173,248		3.5	%
Advertising	—	—	—	179,702		—		—	179,702		3.7	%	—		179,702		3.7	%
Reinsurance Claims Expense	—	—	—	—		—		—	—		0.0	%	6,427		6,427		0.1	%
Reinsurance Commission Exp	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Professional Fees	—	—	—	50,450		686,137		—	736,587		15.1	%	—		736,587		15.0	%
Collection Expense	—	—	—	2,715		—		—	2,715		0.1	%	437		3,152		0.1	%
Travel	—	—	—	119,868		—		—	119,868		2.5	%	—		119,868		2.4	%
Office Expense	—	—	—	149,147		1,676		—	150,823		3.1	%	—		150,823		3.1	%
Entertainment	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Amortization	—	—	—	4,404		—		—	4,404		0.1	%	—		4,404		0.1	%
Taxes & Licenses	—	—	—	18,576		625		—	19,201		0.4	%	—		19,201		0.4	%
Other	—	—	—	70,870		148,185		—	219,054		4.5	%	746		219,800		4.5	%
Total Other Expense	—	—	—	242,997		150,486		—	393,483		8.1	%	746		394,229		8.0	%
Total Direct Expense	—	—	—	3,800,580		1,098,791		—	4,899,371		100.7	%	7,931		4,907,303		100.1	%
Allocated Expense	—	—	—	—		—		—	—		0.0	%	—		—		0.0	%
Net Income Before Taxes	—	—	—	1,035,080		(1,067,534	)	—	(32,453	)	-0.7	%	26,346		(6,107	)	-0.1	%
Income Tax (34%)	—	—	—	220,324		—		—	220,324		4.5	%	—		220,324		4.5	%
Net Income	—	—	—	814,756		(1,067,534	)	—	(252,778	)	-5.2	%	26,346		(226,432	)	-4.6	%

The Thaxton Group

YTD Income Statement

For Period October 17, 2003 thru March 31, 2006

	Premium Finance		Commercial Lending		Insurance Group		Southern		Corporate		Eliminations	Total Continuing Ops.				Discontinued Ops TICO		Total Company
Net Interest Income
Interest Income	365,619		12,926		—		90,655,214		36		—	91,033,796		69.0	%	10,166,085		101,199,881		78.8	%
I/B Income	—		—		—		—		—		—	—		0.0	%	3,675,403		3,675,403		2.9	%
Fee Income	226,383		105,384		—		11,543,730		—		—	11,875,496		9.0	%	51,566		11,927,063		9.3	%
Late Charges	149,281		—		—		7,259,313		—		—	7,408,594		5.6	%	1,064,348		8,472,942		6.6	%
Total Interest Income	741,283		118,310		—		109,458,257		36		—	110,317,886		83.6	%	14,957,402		125,275,288		97.6	%
Interest Expense	113,794		52,912		0		4,977,284		5,878,138		—	11,022,127		8.4	%	3,252,426		14,274,554		11.1	%
Net Interest Income	627,489		65,398		(0	)	104,480,973		(5,878,101	)	—	99,295,759		75.3	%	11,704,976		111,000,734		86.4	%
Provision for Loan Losses
P&L Recoveries	(9,385	)	(110	)	—		(1,431,268	)	—		—	(1,440,764	)	-1.1	%	(2,477,447	)	(3,918,210	)	-3.1	%
Reserves	—		(20,000	)	—		(1,934,429	)	—		—	(1,954,429	)	-1.5	%	(7,657,559	)	(9,611,987	)	-7.5	%
Cash	557,239		64,134		4,612		28,032,139		—		—	28,658,124		21.7	%	21,309,765		49,967,888		38.9	%
Total Provision	547,854		44,024		4,612		24,666,442		—		—	25,262,931		19.2	%	11,174,759		36,437,690		28.4	%
Net Interest included Provision	79,635		21,375		(4,612	)	79,814,530		(5,878,101	)	—	74,032,827				530,217		74,563,044
Revenues
Premiums on Loans Sold	—		—		—		—		—		—	—		0.0	%	—		—		0.0	%
Insurance Premiums	—		—		—		13,483,063		—		—	13,483,063		10.2	%	1,588,480		15,071,544		11.7	%
Insurance Commissions	—		—		3,223,179		(1,251,389	)	—		—	1,971,790		1.5	%	69,787		2,041,576		1.6	%
Earned Insurance	—		—		—		—		—		—	—		0.0	%	388,523		388,523		0.3	%
Processing Fees	—		—		—		—		—		—	—		0.0	%	—		—		0.0	%
Other Fees	—		—		896		849,824		—		—	850,720		0.6	%	—		850,720		0.7	%
Other Income	—		256,832		2,042,382		1,911,073		1,063,495		—	5,273,782		4.0	%	(20,501,400	)	(15,227,618	)	-11.9	%
Total Direct Income	—		256,832		5,266,457		14,992,571		1,063,495		—	21,579,355		16.4	%	(18,454,610	)	3,124,745		2.4	%
Total Revenue	741,283		375,142		5,266,457		124,450,828		1,063,531		—	131,897,241		100.0	%	(3,497,208	)	128,400,033		100.0	%
Expenses
Personnel
Salaries & Wages	86,164		172,532		1,557,993		36,366,432		2,172,444		—	40,355,564		30.6	%	5,116,963		45,472,528		35.4	%
Commissions/Bonus	—		58,213		366,715		6,385,230		302,445		—	7,112,602		5.4	%	481,502		7,594,104		5.9	%
Benefits	6,989		12,842		142,412		4,234,787		97,705		—	4,494,734		3.4	%	451,031		4,945,765		3.9	%
Taxes	6,914		15,553		159,820		3,919,949		185,377		—	4,287,613		3.3	%	576,977		4,864,590		3.8	%
Other	—		—		66,338		246,945		83,006		—	396,289		0.3	%	130,096		526,384		0.4	%
Total Personnel	100,067		259,140		2,293,278		51,153,342		2,840,976		—	56,646,803		42.9	%	6,756,569		63,403,372		49.4	%
Building
Rent	392		9,889		184,677		5,104,879		255,126		—	5,554,963		4.2	%	878,197		6,433,159		5.0	%
Utilities	—		216		40,071		1,163,522		47,390		—	1,251,199		0.9	%	152,604		1,403,803		1.1	%
Depreciation	40,494		2,445		84,488		1,744,137		359,624		—	2,231,189		1.7	%	613,295		2,844,484		2.2	%
Other	428		257		—		360,155		12,079		—	372,918		0.3	%	109,340		482,258		0.4	%
Total Building	41,314		12,806		309,236		8,372,693		674,219		—	9,410,269		7.1	%	1,753,436		11,163,704		8.7	%
Telecommunications
Telephone	6,010		6,411		89,222		2,454,249		177,566		—	2,733,458		2.1	%	390,697		3,124,155		2.4	%
Computers	27,156		3,315		80,347		955,744		304,864		—	1,371,425		1.0	%	380,097		1,751,522		1.4	%
Office Expense	866		415		16,583		350,964		23,580		—	392,408		0.3	%	91,889		484,297		0.4	%
Other	—		—		(551	)	—		—		—	(551	)	0.0	%	700		149		0.0	%
Total Telecommunications	34,032		10,141		185,601		3,760,957		506,010		—	4,496,740		3.4	%	863,382		5,360,122		4.2	%
Advertising	—		113		43,816		3,578,935		4,720		—	3,627,584		2.8	%	163,736		3,791,319		3.0	%
Reinsurance Claims Expense	—		—		—		1,379,265		—		—	1,379,265		1.0	%	1,570,059		2,949,324		2.3	%
Reinsurance Commission Exp	—		—		—		—		—		—	—		0.0	%	418,033		418,033		0.3	%
Professional Fees	2,386		9,408		36,482		573,114		36,090,551		—	36,711,941		27.8	%	97,227		36,809,168		28.7	%
Collection Expense	1,860		51		—		48,237		—		—	50,148		0.0	%	678,218		728,366		0.6	%
Travel	—		6,620		24,540		2,619,816		127,780		—	2,778,757		2.1	%	207,618		2,986,375		2.3	%
Office Expense	23,071		3,158		52,550		3,071,731		247,773		—	3,398,283		2.6	%	485,714		3,883,997		3.0	%
Entertainment	—		68		—		118,997		35		—	119,101		0.1	%	126		119,227		0.1	%
Amortization	—		—		101,806		365,582		—		—	467,388		0.4	%	12,568,082		13,035,470		10.2	%
Taxes & Licenses	5,636		3,405		20,599		727,095		82,821		—	839,557		0.6	%	202,096		1,041,653		0.8	%
Other	1,326		29,298		567,361		2,719,340		96,037		—	3,413,362		2.6	%	2,294,491		5,707,853		4.4	%
Total Other Expense	30,033		35,930		742,315		7,002,745		426,667		—	8,237,691		6.2	%	15,550,509		23,788,200		18.5	%
Total Direct Expense	871,340		431,143		3,639,880		108,132,831		46,549,061		—	159,624,256		121.0	%	42,485,971		202,110,227		157.4	%
Allocated Expense	—		—		15,097		21,858		(79,452	)	—	(42,497	)	0.0	%	42,497		0		0.0	%
Net Income Before Taxes	(130,057	)	(56,002	)	1,611,480		16,296,139		(45,406,078	)	—	(27,684,518	)	-21.0	%	(46,025,675	)	(73,710,194	)	-57.4	%
Income Tax (34%)	—		—		66,684		6,242,490		5,481,666		—	11,790,840		8.9	%	(6,674,996	)	5,115,844		4.0	%
Net Income	(130,057	)	(56,002	)	1,544,796		10,053,649		(50,887,744	)	—	(39,475,359	)	-29.9	%	(39,350,680	)	(78,826,038	)	-61.4	%

Income Statement YTD

In re:	Case No.    03-13182 - 03-13213
THE THAXTON GROUP	Jointly Administered
SEE ATTACHED FINANCIAL STATEMENTS	Reporting Period    March-06

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
LIABILITES 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
LIABILITES 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    March-06

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

3/31/2006

	Premium Finance		Commercial Lending	Insurance Group		Southern		Corporate		Corporate Eliminations		Total Continuing Ops		Discontinued				Total Disc. Ops		Total Company
														Operations TICO		Reinsurance
Assets
Cash/Investments	—		—	—		937,189		14,107,559		—		15,044,748		(1,673	)	—		(1,673	)	15,043,075
Restricted Cash	—		—	—		—		12,196,688		—		12,196,688		—		—		—		12,196,688
Finance Receivables, GROSS	—		—	—		66,342,876		—		—		66,342,876		3,675		—		3,675		66,346,551
Loans Held for Sale	—		—	—		—		—		—		—		—		—		—		—
Deferred Loan Cost, NET	—		—	—		—		—		—		—		—		—		—		—
Unearned Interest	—		—	—		(11,487,526	)	—		—		(11,487,526	)	—		—		—		(11,487,526	)
Loss Reserve	—		—	—		(7,425,455	)	(10,000	)	—		(7,435,455	)	(66,128	)	—		(66,128	)	(7,501,583	)
Unearned Insurance	—		—	—		(1,002,942	)	—		—		(1,002,942	)	(2,043,511	)	(698,604	)	(2,742,115	)	(3,745,057	)
Dealer Holdback	—		—	—		—		—		—		—		—		—		—		—
Premises and Equipment, GROSS	—		—	—		5,880,335		498,627		—		6,378,962		419,242		—		419,242		6,798,204
Accumulated Depreciation	—		—	—		(4,131,110	)	(436,685	)	—		(4,567,796	)	(378,765	)	—		(378,765	)	(4,946,560	)
Accounts Receivable	73,260		—	(102	)	297,307		8,921		—		379,386		414,101		(19,488	)	394,613		773,999
Repossessed Automobiles	—		—	—		—		—		—		—		87,828		—		87,828		87,828
Intercompany Balance	561,880		57,761	(3,410,817	)	(25,046,582	)	69,273,310		(6,248,675	)	35,186,878		(45,951,825	)	9,588,090		(36,363,735	)	(1,176,857	)
Goodwill	—		—	—		17,970,045		—		—		17,970,045		—		—		—		17,970,045
Other Intangible Assets	—		—	—		—		—		—		—		—		—		—		—
Accumulated Amortization	—		—	—		(126,116	)	—		—		(126,116	)	—		—		—		(126,116	)
Memo Assets	—		—	—		—		—		—		—		—		—		—		—
Investment In Subsidiary	—		—	—		—		12,160,920		(12,160,920	)	—		—		—		—		—
DAC Commissions	—		—	—		—		—		—		—		—		241,458		241,458		241,458
Prepaid Assets	—		—	—		937,748		4,281		—		942,029		7,341		—		7,341		949,370
Other Assets	—		—	—		588,597		6,887,591		—		7,476,188		1,647		79,389		81,036		7,557,223
Total Assets	635,140		57,761	(3,410,919	)	43,734,366		114,691,212		(18,409,595	)	137,297,965		(47,508,069	)	9,190,846		(38,317,223	)	98,980,741
Liabilities & Stockholders’ Equity
Liabilities
Accrued Interest Payable	—		—	1,510		—		5,819,363		—		5,820,872		32,347		—		32,347		5,853,219
Notes Payable	—		—	67,738		—		34,841,493		—		34,909,231		—		—		—		34,909,231
Subordinated Notes Payable	—		—	—		—		120,891,722		—		120,891,722		1,896,371		—		1,896,371		122,788,093
Accounts Payable	4,236		1,509	13,541		951,788		46,293		—		1,017,367		493,774		3,338,245		3,832,018		4,849,386
Employee Savings	—		—	—		—		1,060,395		—		1,060,395		—		—		—		1,060,395
Income Taxes Payable	—		—	—		4,691,537		(18,000	)	—		4,673,537		—		124,370		124,370		4,797,907
Claims Reserves	—		—	—		—		—		—		—		—		217,396		217,396		217,396
Accrued Liabilities - Other	2,334		—	—		1,931,727		74,289		—		2,008,350		29,159		8,171		37,330		2,045,680
Other Liabilities	296,174		—	—		58,124		41,261		—		395,559		62,776		210,092		272,867		668,426
Total Liabilities	302,744		1,509	82,789		7,633,177		162,756,815		—		170,777,034		2,514,427		3,898,274		6,412,700		177,189,734
Stockholders’ Equity
Preferred Stock	—		—	408,332		—		8,804		(408,332	)	8,804		—		—		—		8,804
Common Stock	25,000		—	400		(5,452,606	)	68,674		5,417,206		58,674		—		—		—		58,674
Additional Paid in Capital	851,000		—	800,000		2,591,277		8,835,345		(4,232,377	)	8,845,245		—		—		—		8,845,245
Dividends	—		—	—		—		(443,873	)	1,100		(442,773	)	—		—		—		(442,773	)
Retained Earnings	(543,604	)	56,252	(4,702,440	)	37,212,443		(53,404,493	)	(19,187,192	)	(40,569,034	)	(49,979,339	)	5,066,823		(44,912,516	)	(85,481,550	)
Equity in Subsidiary	—		—	—		—		—		—		—		—		—		—		—
Current Year Income (Loss)	—		—	—		1,750,075		(3,130,061	)	—		(1,379,986	)	(43,156	)	225,749		182,592		(1,197,393	)
Total Stockholders’ Equity	332,396		56,252	(3,493,708	)	36,101,189		(48,065,603	)	(18,409,595	)	(33,479,069	)	(50,022,495	)	5,292,572		(44,729,923	)	(78,208,993	)
Total Liabilities & Stockholders’ Equity	635,140		57,761	(3,410,919	)	43,734,366		114,691,212		(18,409,595	)	137,297,965		(47,508,069	)	9,190,846		(38,317,223	)	98,980,741

The Thaxton Group

Balance Sheet

10/17/2003

	Premium Finance		Commercial Lending		Insurance Group		Southern		Corporate		Corporate Eliminations		TICO		Total		NONE BANKRUPTCY 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    March 31, 2006

STATUS OF POSTPETITION TAXES

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

	Beginning Tax Liability		Amount Withheld or Accrued		Amount Paid		Date Paid		Check No. or EFT	Ending Tax Liability
Federal*
Withholding		0	$	178,249.51	$	178,249.51		Bi-Weekly	EFT		0
FICA-Employee		0	$	215,330.59	$	215,330.59		Bi-Weekly	EFT		0
FICA-Employer		0	$	215,330.59	$	215,330.59		Bi-Weekly	EFT		0
Unemployment		0	$	12,941.15	$	12,941.15		Bi-Weekly	EFT		0
Income		0
Other:		0
Corp Taxes
Total Federal Taxes	$	0.00	$	621,851.84	$	621,851.84	$	0.00		$	0.00
State and Local
Withholding		0	$	55,411.90	$	55,411.90		Bi-Weekly			0
Sales		0	$	—				None
Excise		0						N/A
Unemployment		0	$	51,681.29	$	51,681.29		Bi-Weekly			0
Real Property		0	$	19,415.84	$	19,415.84
Personal Property		0		346.48	$	346.48
Other:		0		186,065.42	$	186,065.42					0
Total State and Local Taxes	$	0.00	$	312,920.93	$	312,920.93	$	0.00		$	0.00
TOTAL TAXES			$	934,772.77	$	934,772.77				$	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    March-06

	Consolidated Totals		TICO-HQ	CORPORATE
Beginning Cash Position	0.00		0.00	0.00
	0.00
	0.00
	0.00
	0.00
SUBTOTAL	0.00		0.00	0.00
	0.00
GENERAL LEDGER DEPOSITS AND TRANSFERS	49,663.26		12,826.25	36,837.01
Outstanding Checks - Adjustment	0.00
	0.00
	0.00
	0.00
	0.00
Total Cash Receipts and Transfers	49,663.26		12,826.25	36,837.01
Cash Disbursments
Advertising	0.00
Bank Charges	0.00		0.00	0.00
Claims Funding*	0.00		0.00	0.00
Company Auto	0.00		0.00	0.00
Computer Costs	0.00
Dues And Subscriptions	0.00
Employee Reimbursements - collections exp	0.00		0.00	0.00
Equipment Rental	0.00		0.00	0.00
Fixed Assets	0.00		0.00	0.00
Forms & Printing	0.00		0.00	0.00
Insurance	0.00
Meals & Entertainment	0.00		0.00	0.00
Miscellaneous	0.00		0.00	0.00
Office Expense	0.00
Postage	0.00
Prepaid Expenses	0.00		0.00	0.00
Prepaid Software ABS	0.00		0.00	0.00
Professional Fees-Ordinary Course	0.00
Rent	0.00
Repairs & Maintenance	0.00		0.00	0.00
Roadgard	0.00		0.00	0.00
Seminars & Meetings	0.00		0.00	0.00
Taxes & Licenses	0.00		0.00	0.00
Telephone	0.00
Temporary Agency Staff	0.00
Travel	0.00
Utilities	0.00
Interest to Finova	0.00
Payroll Paid TTG	52,784.01		12,826.25	39,957.76
Employee Witholding of Insurance/etc	(3,120.75	)		(3,120.75	)
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
	49,663.26		12,826.25	36,837.01
	0.00		0.00	0.00
				0.00

PAYROLL - THE THAXTON GROUP

	Period Ending 3/3/2006			Period Ending 3/17/2006			Period Ending 3/31/2006			Total
Corporate
Salary expense	$	12,186.92		$	12,186.92		$	12,186.92		$	36,560.76
FICA/FUTA/SUTA	$	1,003.10		$	957.51		$	930.17		$	2,890.78
401(k) match	$	168.74		$	168.74		$	168.74		$	506.22
Overtime	$	—		$	—					$	—
Bonus	$	—		$	—					$	—
Total	$	13,358.76		$	13,313.17		$	13,285.83		$	39,957.76
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	$	3,883.23		$	3,883.23		$	3,883.23		$	11,649.69
FICA/FUTA/SUTA	$	295.94		$	292.08		$	292.08		$	880.10
401(k) match	$	98.82		$	98.82		$	98.82		$	296.46
Overtime	$	—		$	—		$	—		$	—
Commissions	$	—		$	—		$	—		$	—
Bonus	$	—		$	—		$	—		$	—
Total	$	4,277.99		$	4,274.13		$	4,274.13		$	12,826.25
Period Total	$	17,636.75		$	17,587.30		$	17,559.96		$	52,784.01
401(k) payable	$	(844.98	)	$	(844.98	)	$	(844.98	)	$	(2,534.94	)
Payable to reimbursement	$	—		$	—		$	—		$	—
Dental insurance	$	(25.86	)	$	(25.86	)	$	(25.86	)	$	(77.58	)
Cancer insurance	$	(13.46	)	$	(13.46	)	$	(13.46	)	$	(40.38	)
Life insurance	$	(9.28	)	$	(9.28	)	$	(9.28	)	$	(27.84	)
Contingent health liability	$	(146.67	)	$	(146.67	)	$	(146.67	)	$	(440.01	)
Tax/stale date adj	$	—		$	—					$	—
Tax levy										$	—
Advance				$	—
Unidentified	$	—
KERP	$	—		$	—
Company car	$	—		$	—		$	—
	$	16,596.50		$	16,547.05		$	16,519.71		$	49,663.26
	$	(1,040.25	)	$	(1,040.25	)	$	(1,040.25	)	$	(3,120.75	)
										$	—
										$	—
Net Checks	$	—		$	—		$	—		$	—
Direct Deposits	$	10,944.65		$	10,944.63		$	10,944.62		$	32,833.90
Wage Garnishments	$	—		$	—		$	—		$	—
Federal Tax	$	2,235.02		$	2,235.02		$	2,235.02		$	6,705.06
EE SS Tax	$	990.57		$	990.59		$	990.59		$	2,971.75
ER SS Tax	$	990.58		$	990.58		$	990.58		$	2,971.74
EE Med Tax	$	231.67		$	231.67		$	231.68		$	695.02
ER Med Tax	$	231.67		$	231.67		$	231.67		$	695.01
State/local Tax	$	895.55		$	895.55		$	895.55		$	2,686.65
Futa	$	21.94		$	7.81					$	29.75
Suta	$	54.85		$	19.53					$	74.38
Adjustments	$	—		$	—		$	—		$	—
GRAND TOTAL	$	16,596.50		$	16,547.05		$	16,519.71		$	49,663.26
										$	—
reconciliation	$	—		$	—		$	—		$	—
Accrual	$	1,040.25		$	1,040.25		$	1,040.25		$	3,120.75

PAYROLL - TICO

	Period Ending 3/3/2006		Period Ending 3/17/2006		Period Ending 3/31/2006		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	$	3,883.23	$	3,883.23	$	3,883.23	$	11,649.69
FICA/FUTA/SUTA	$	295.94	$	292.08	$	292.08	$	880.10
401(k) match	$	98.82	$	98.82	$	98.82	$	296.46
Overtime	$	—	$	—			$	—
Commissions	$	—	$	—			$	—
Bonus	$	—	$	—	$	—	$	—
Total	$	4,277.99	$	4,274.13	$	4,274.13	$	12,826.25
Modern
Salary expense	$	—	$	—	$	—	$	—
FICA/FUTA/SUTA	$	—	$	—	$	—	$	—
401(k) match	$	—	$	—	$	—	$	—
Overtime	$	—	$	—			$	—
Commissions	$	—	$	—			$	—
Bonus	$	—	$	—
Total	$	—	$	—	$	—	$	—
Period Total	$	4,277.99	$	4,274.13	$	4,274.13	$	12,826.25

THE THAXTON GROUP	Wachovia #    2000014825703
Cash Disbursements for THAXTON INVESTMENT PAYROLL	2079900431038
Wachovia	540439122
Monthly Court Report for    March-06	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	(54,106.21	)	—		—		—		—		—				(54,106.21	)
	—
	—
GENERAL LEDGER DEPOSITS AND TRANSFERS	1,262,991.16		39,746.74		420,681.26		341,775.56		182,836.32		158,360.20		114,540.54		5,050.54
Outstanding Checks	—										—
	—
Total Cash Receipts and Transfers	1,262,991.16		39,746.74		420,681.26		341,775.56		182,836.32		158,360.20		114,540.54		5,050.54
Cash Disbursements - Loans
Gross Wages	2,120,246.89		267,512.93		224,677.87		97,184.07		13,665.91		559,333.63		249,646.67		708,225.81
Federal Tax	190,699.19		24,170.68		20,934.18		7,476.82		954.62		51,868.69		17,289.56		68,004.64
SS Tax	128,509.16		16,242.50		13,528.46		5,933.27		843.44		33,849.42		15,076.78		43,035.29
Med Tax	30,054.68		3,798.68		3,163.94		1,387.63		197.24		7,916.44		3,525.96		10,064.79
EIC	(68.28	)	—		—		—		—		(68.28	)	—		—
State Tax	52,582.51		11,564.08		530.86		3,651.00		558.31		25,764.10		10,371.42		142.74
Advance	850.00		750.00		—		—		—		—		—		100.00
Mileage	(35,954.35	)	(4,903.02	)	(4,346.51	)	(1,716.78	)	(223.82	)	(8,383.42	)	(5,904.14	)	(10,476.66	)
Miscellaneous	—		—		—		—		—		—		—		—
Shortage	3,056.65		—		20.00		—		—		—		—		3,036.65
STD	2,623.19		240.99		235.45		135.73		—		662.53		351.29		997.20
Medical	34,321.31		4,357.31		4,871.73		1,118.74		39.00		9,121.71		4,269.40		10,543.42
401K Loans	6,551.23		735.75		—		120.75		—		1,339.27		317.34		4,038.12
401K Deducts	21,693.73		2,390.55		1,158.96		1,638.07		—		6,441.86		499.39		9,564.90
AHL Dental	8,516.54		1,071.56		1,071.60		279.32		23.10		2,520.80		1,266.24		2,283.92
AHL Cancer	1,528.06		124.18		97.14		87.96		—		451.06		229.82		537.90
AHL Life	4,484.57		548.04		481.51		181.59		5.10		1,175.11		724.02		1,369.20
Flex Med	2,254.58		—		436.54		—		—		783.07		611.52		423.45
Dep Care	997.17		—		—		—		—		652.17		—		345.00
Stop Payment Fee	—		—		—		—		—		—		—		—
Garnishment fee	122.00		14.00		16.50		6.00		—		25.50		21.00		39.00
Garnishment	970.94		280.53		241.49		—		—		272.26		—		176.66
Bankrpc	2,260.00		195.00		—		2,065.00		—		—		—		—
Child support	8,219.28		610.00		1,036.06		585.41		—		1,462.64		1,476.82		3,048.35
Tax Levy	801.70		—		481.28		—		—		320.42		—		—
Fringe	—		—		—		—		—		—		—		—
STD Net	—		—		—		—		—		—		—		—
SS Tax Adjust	—		—		—		—		—		—		—		—
Other	—		—		—		—		—		—		—		—
	465,073.86		62,190.83		43,959.19		22,950.51		2,396.99		136,175.35		50,126.42		147,274.57
	—		—		—		—		—		—		—		—
FUNDING REQUIREMENTS			—		—		—		—		—		—		—
Net Checks	—		—		—		—		—		—		—		—
Direct Deposits	—		—		—		—		—		—		—		—
Wage Garnishments	15,476.93		1,085.53		1,758.83		2,650.41		—		2,055.32		1,476.82		3,225.01
Federal Tax	258,703.83		24,170.68		20,934.18		7,476.82		954.62		51,868.69		17,289.56		68,004.64
EE SS Tax	171,544.45		16,242.50		13,528.46		5,933.27		843.44		33,849.42		15,076.78		43,035.29
ER SS Tax	171,544.61		16,242.51		13,528.45		5,933.28		843.44		33,849.42		15,076.77		43,035.37
EE Med Tax	40,119.47		3,798.68		3,163.94		1,387.63		197.24		7,916.44		3,525.96		10,064.79
ER Med Tax	40,119.23		3,798.65		3,163.92		1,387.62		197.26		7,916.37		3,525.97		10,064.72
State Tax	52,725.25		11,564.08		530.86		3,651.00		558.31		25,764.10		10,371.42		142.74
Futa	12,911.40		1,259.95		1,017.30		433.66		93.96		2,403.47		1,328.46		3,187.30
Suta	51,606.91		8,995.58		2,831.28		940.64		341.88		8,917.55		4,880.70		12,349.64
	—		—		—		—		—		—		—		—
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
	(171,281.20	)	—		—		—		—		—		—		(171,281.20	)
Book Balance per bank rec.	(171,281.20	)			—				—		—				(171,281.20	)
Ending Bank Balance per bank rec.

In re:	Case No.    03-13182 - 03-13213
THE THAXTON GROUP	Jointly Administered
	Reporting Period    March-06

ACCOUNTS RECEIVABLE RECONCILATION AND AGING

	Amount
Accounts Receivable Reconciliation
Total Accounts Receivable at the beginning of the reporting period	$	65,590,174
Plus Amounts billed during the period	$	11,458,553
Sold Receivables during month
Less Amounts collected during the period	$	(10,705,851	)
Total Accounts Receivable at the end of the reporting period	$	66,342,876

	Amount
Accounts Receivable Aging
0-30 days old	$	63,126,116
31-60 days old	$	1,226,488
61-90 days old	$	787,355
91+ days old	$	1,202,917
Total Accounts Receivable	$	66,342,876
Amount considered uncollectible (Bad Debt) - Reserve
Accounts Receivable (Net)	$	66,342,876

DEBTOR QUESTIONNAIRE

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

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

Form Mor - 5

The Thaxton Group, Inc.

Schedule of Aged Accounts Receivable and Post Accounts Payable

By Operating Group

As of 03/31/2006

Aged Accounts Receivable

(Gross Balance as of 03/31/06)

	Total		Southern Management		Tico Credit		Commercial Lending		Tico Premium
Current	$	61,129,802	$	61,129,802	$	—	$	—	$	—
Potential (1-30)	$	1,996,315	$	1,996,315	$	—	$	—	$	—
31-60 Days	$	1,226,488	$	1,226,488	$	—	$	—	$	—
61-90 Days	$	787,355	$	787,355	$	—	$	—	$	—
91 and Over	$	1,202,917	$	1,202,917	$	—	$	—	$	—
Total Delinquency	$	5,213,075	$	5,213,075	$	—	$	—	$	—
Total Gross Receivables	$	66,342,876	$	66,342,876	$	—	$	—	$	—
Post Accounts Payable
(As of 03/31/06)
Southern Management	$	—
Tico Credit	$	—
Commercial Lending	$	—
Tico Premium	$	—
Thaxton Insurance	$	—
Corporate	$	—
Total	$	—

THE THAXTON GROUP	CASES 03-13182 - 03-13213
INTER-COMPANY BALANCE RECONCILIATION FOR THE THAXTON GROUP - Consolidated	JOINTLY ADMINISTERED
Monthly Court Report for    Mar-06

				HOLDING COMPANY		HOLDING COMPANY						HOLDING GOMPANY
	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	(0.00	)	6,248,675.00	69,604,606.63		—	—	(3,410,817.00	)	57,761.00	561,880.00	—	(27,880,357.45	)	(45,982,124.18	)
Cash Transfers between companies	0.00			(375,475.38	)								370,265.65		5,209.73
Expenses paid by Corporate - expensed in subsidiaries (treated as	—			(128,235.09	)								128,671.59		(436.50	)
separate cost centers as opposed to separate companies	—
	—
Allocations of:	—
	—
Home Office allocation	—
Interest allocation	—			197,940.25									(197,940.25	)
Payroll	—
Analysis charges	—
Audit accrual	—
Transfer of assets	—
Sale of branches	—			(25,525.78	)										25,525.78
Clear outstanding checks	—
Cherokee return premium	—
General Ledger as of 03/31/06	(0.00	)	6,248,675.00	69,273,310.63		—	—	(3,410,817.00	)	57,761.00	561,880.00	—	(27,579,360.46	)	(45,951,825.17	)
	(0.00	)	6,248,675.00	69,273,310.63		—	—	(3,410,817.00	)	57,761.00	561,880.00	—	(27,579,360.46	)	(45,951,825.17	)
Balance Sheet - March 31, 2006	—		6,248,675.00	69,273,310.00				(3,410,817.00	)	57,761.00	561,880.00		(27,579,361.00	)	(45,951,825.00	)