Reserves for Expected Costs of Liquidation and Residual Wind-Down Claims (Tables)

9 Months Ended

Dec. 31, 2013

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Summary of Activity in Reserves for Expected Costs of Liquidation

The following is a summary of the activity in the reserves for expected costs of liquidation for the respective three and nine month periods ended December 31, 2013 and 2012:

	Three months ended December 31, 2013
(in thousands)	Reserve for Expected Wind-Down Costs			Reserve for Expected Reporting Costs			Reserve for Indenture Trustee/Fiscal and Paying Agent Costs			Reserve for Avoidance Action Defense Costs			Reserve for Residual Wind-Down Costs			Total Reserves for Expected Costs of Liquidation
Balance, September 30, 2013	$	26,468		$	14,272		$	494		$	588		$	1,285		$	43,107
Plus additions to reserves		578			68			—			—			—			646
Less liquidation costs incurred:
Trust Professionals		(1,551	)		(675	)		—			(588	)		(10	)		(2,824	)
Trust Governance		(973	)		(450	)		(23	)		—			—			(1,446	)
Other Administrative Expenses		(13	)		(107	)		—			—			—			(120	)
Balance, December 31, 2013	$	24,509		$	13,108		$	471		$	—		$	1,275		$	39,363
	Nine months ended December 31, 2013
(in thousands)	Reserve for Expected Wind-Down Costs			Reserve for Expected Reporting Costs			Reserve for Indenture Trustee/Fiscal and Paying Agent Costs			Reserve for Avoidance Action Defense Costs			Reserve for Residual Wind-Down Costs			Total Reserves for Expected Costs of Liquidation
Balance, March 31, 2013	$	38,043		$	20,442		$	499		$	898		$	1,631		$	61,513
Less reductions in reserves		(3,485	)		(4,078	)		—			—			—			(7,563	)
Less liquidation costs incurred:
Trust Professionals		(7,033	)		(1,628	)		—			(898	)		(356	)		(9,915	)
Trust Governance		(2,977	)		(1,351	)		(28	)		—			—			(4,356	)
Other Administrative Expenses		(39	)		(277	)		—			—			—			(316	)
Balance, December 31, 2013	$	24,509		$	13,108		$	471		$	—		$	1,275		$	39,363
	Three months ended December 31, 2012
(in thousands)	Reserve for Expected Wind Down Costs			Reserve for Expected Reporting Costs			Reserve for Indenture Trustee/Fiscal and Paying Agent Costs			Reserve for Avoidance Action Defense Costs			Reserve for Residual Wind Down Costs			Total Reserves for Expected Costs of Liquidation
Balance, September 30, 2012	$	43,261		$	14,597		$	572		$	1,095		$	2,138		$	61,663
Plus additions to reserves		6,776			6,787			—			—			—			13,563
Less liquidation costs incurred:
Trust Professionals		(3,669	)		(326	)		—			(28	)		(342	)		(4,365	)
Trust Governance		(1,044	)		(482	)		(61	)		—			—			(1,587	)
Other Administrative Expenses		(13	)		(118	)		—			—			—			(131	)
Balance, December 31, 2012	$	45,311		$	20,458		$	511		$	1,067		$	1,796		$	69,143

	Nine months ended December 31, 2012
(in thousands)	Reserve for Expected Wind Down Costs			Reserve for Expected Reporting Costs			Reserve for Indenture Trustee/Fiscal and Paying Agent Costs			Reserve for Avoidance Action Defense Costs			Reserve for Residual Wind Down Costs			Total Reserves for Expected Costs of Liquidation
Balance, March 31, 2012	$	56,815		$	13,320		$	647		$	1,280		$	4,049		$	76,111
Plus additions to reserves		7,800			11,161			—			—			—			18,961
Less liquidation costs incurred:
Trust Professionals		(16,008	)		(2,382	)		—			(213	)		(2,243	)		(20,846	)
Trust Governance		(3,250	)		(1,414	)		(136	)		—			—			(4,800	)
Other Administrative Expenses		(46	)		(227	)		—			—			(10	)		(283	)
Balance, December 31, 2012	$	45,311		$	20,458		$	511		$	1,067		$	1,796		$	69,143

Summary of Activity in Reserves for Residual Wind-Down Claims

The following is a summary of the activity in the reserves for Residual Wind-Down Claims for the three months ended December 31, 2013 and 2012:

(in thousands)	2013			2012
Balance, beginning of period	$	29,437		$	30,973
Less claims allowed during the period		(97	)		(68	)
Balance, end of period	$	29,340		$	30,905

The following is a summary of the activity in the reserves for Residual Wind-Down Claims for the nine months ended December 31, 2013 and 2012:

(in thousands)	2013			2012
Balance, beginning of period	$	30,855		$	32,247
Less claims allowed during the period		(1,515	)		(1,342	)
Balance, end of period	$	29,340		$	30,905