Shows they are still hanging in there with 21,691,412 shares as of June 30, 2011. Same as previous filing of May 16, 2011.

Seems someone is sticking with this play...

***************

<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>gw13fq2.txt
<TEXT>
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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 13F

                              FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: June  30, 2011

Check here if Amendment [  ]; Amendment Number:
This Amendment (Check only one.):     [  ] is a restatement.
                                      [  ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:      Greywolf Capital Management LP
Address:   4 Manhattanville Road, Suite 201
           Purchase, New York 10577

Form 13F File Number: 28-11771

The  institutional  investment manager filing this report and the person by whom
it  is  signed hereby represent that the person signing the report is authorized
to  submit  it,  that  all  information  contained  herein  is true, correct and
complete,  and  that  it  is  understood  that  all  required items, statements,
schedules,  lists,  and  tables,  are  considered  integral  parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:     Jonathan Savitz
Title:    Senior Managing Member
Phone:    (914) 251-8200

Signature, Place, and Date of Signing:


/s/ Jonathan Savitz                 Purchase, New York           August 15, 2011
----------------
Jonathan Savitz

Report Type (Check only one.):

[X]  13F  HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are  reported  in  this  report.)

[  ] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings  are  reported  by  other  reporting  manager(s).)

[  ]  13F  COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting  manager  are  reported  in  this report and a portion are reported by
other  reporting  manager(s).)

<PAGE>
                             FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:            1

Form 13F Information Table Entry Total:       6

Form 13F Information Table Value Total:       $119,466
                                              (thousands)


List of Other Included Managers:


Provide  a  numbered  list  of  the  name(s)  and Form 13F file number(s) of all
institutional  investment  managers  with respect to which this report is filed,
other  than  the  manager  filing  this  report.


     No.      Form 13F File Number     Name

     1             28-11776       Greywolf Advisors LLC
<PAGE>
<TABLE>
                                                           FORM 13F INFORMATION TABLE
                                                          VALUE    SHARES/     SH/   PUT/   INVSTMT   OTHER        VOTING AUTHORITY
NAME OF ISSUER             TITLE OF CLASS       CUSIP   (x$1000)   PRN AMT     PRN   CALL   DSCRETN  MANAGERS    SOLE   SHARED  NONE
--------------             --------------       -----    -------   -------     ---   -----  -------  --------    ----   ------  ----
<S>                              <C>             <C>       <C>       <C>       <C>    <C>     <C>      <C>      <C>      <C>     <C>
CRYSTALLEX INTL CORP       COM                22942F101     2,067  21,691,412   SH            OTHER      1   21,691,412
FORD MTR CO DEL           *W EXP 01/01/201    345370134    15,748   3,005,300   SH    CALL    OTHER      1    3,005,300
GOLD RESV INC              NOTE 5.500% 6/1    38068NAB4    14,852  19,672,000   PRN           OTHER      1   19,672,000
NAVISTAR INTL CORP NEW     NOTE 3.000%10/1    63934EAL2    57,585  44,000,000   PRN           OTHER      1   44,000,000
NAVISTAR INTL CORP NEW     COM                63934E108    12,309     218,016   SH            OTHER      1      218,016
QUAD / GRAPHICS INC        COM CL A           747301109    16,905     435,032   SH            OTHER      1      435,032
</TABLE>
</TEXT>
</DOCUMENT>