T R O U B L E D   C O M P A N Y   R E P O R T E R

         Wednesday, August 24, 2005, Vol. 9, No. 200

COLUSA MUSHROOM: Case Summary & 20 Largest Unsecured Creditors
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Debtor: Colusa Mushroom, Inc.
        P.O. Box 750381
        Petaluma, California 94975

Bankruptcy Case No.: 05-12180

Type of Business: The Debtor operates a mushroom farm.

Chapter 11 Petition Date: August 22, 2005

Court: Northern District of California (Santa Rosa)

Debtor's Counsel: Michael C. Fallon, Esq.
                  Law Offices of Michael C. Fallon
                  100 East Street #219
                  Santa Rosa, California 95404
                  Tel: (707) 546-6770

Estimated Assets: $50,000 to $100,000

Estimated Debts:  $1 Million to $10 Million

Debtor's 20 Largest Unsecured Creditors:

   Entity                     Nature of Claim       Claim Amount
   ------                     ---------------       ------------
Petaluma Mushroom Farm        Unsecured loan          $1,670,000
782 Thompson Lane
Petaluma, CA 94952

Lorenzo Zunino                Unsecured loan            $830,000
4521 Creekmont Court
Santa Rosa, CA 95404

Colusa Industrial Properties  Environmentally           $653,334
Inc.                          related
50 Sunrise Boulevard
Colusa, CA 95932

Muna Cerini                   Unsecured loan            $500,000
782 Thompson Lane
Petaluma, CA 94952

Sundet's Big Bale LLC         Product                   $422,807
P.O. Box 810
Arbuckle, CA 95912

Robert and Carol Becchetti    Unsecured loan            $300,000
3077 Porter Creek Road
Santa Rosa, CA 95404

Richard Schultze              Unsecured loan            $265,000
575 College Avenue #105
Santa Rosa, CA 95404

David Cerini                  Unsecured loan            $234,000

Mabel A. Perlite Living       Unsecured loan            $200,000
Trust

Leo Lavio                     Unsecured loan            $120,000

Richard and Janet Questoni    Unsecured loan            $120,000

Don Frati                     Unsecured loan            $100,000

Richard Carney                Unsecured loan            $100,000

Modern Building Inc.          Construction               $81,078

PG&E                                                     $76,664

Stohlman Enterprises Inc.     Electrical                 $66,020

Colusa County Tax Collector                              $64,906

Charles and Mary Hall         Unsecured loan             $50,000

Robert Hall LLC               Unsecured loan             $50,000

Steve Clay Olmsted Jr.        Unsecured loan             $50,000