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

12 Months Ended

Mar. 31, 2014

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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 years ended March 31, 2014, 2013 and 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, April 1, 2011	$	—		$	—		$	—		$	—		$	—		$	—
Plus:
Funding for expected costs from MLC		52,734			—			1,365			1,358			7,555			63,012
Additions to reserve		32,434			20,560			—			—			—			52,994
Less liquidation costs incurred:
Trust Professionals		(25,320	)		(6,975	)		—			(78	)		(3,506	)		(35,879	)
Trust Governance		(2,866	)		—			(718	)		—			—			(3,584	)
Other Administrative Expenses		(167	)		(265	)		—			—			—			(432	)
Balance, March 31, 2012		56,815			13,320			647			1,280			4,049			76,111
Plus additions to reserve		5,195			12,293			—			—			—			17,488
Less liquidation costs incurred:
Trust Professionals		(19,712	)		(2,985	)		—			(382	)		(2,408	)		(25,487	)
Trust Governance		(4,191	)		(1,866	)		(148	)		—			—			(6,205	)
Other Administrative Expenses		(64	)		(320	)		—			—			(10	)		(394	)
Balance, March 31, 2013		38,043			20,442			499			898			1,631			61,513
Less reductions in reserves		(3,843	)		(4,067	)		—			—			—			(7,910	)
Less liquidation costs incurred:
Trust Professionals		(7,736	)		(2,013	)		—			(898	)		(373	)		(11,020	)
Trust Governance		(3,888	)		(1,799	)		(35	)		—			—			(5,722	)
Other Administrative Expenses		(47	)		(328	)		—			—			—			(375	)
Balance, March 31, 2014	$	22,529		$	12,235		$	464		$	—		$	1,258		$	36,486

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 years ended March 31, 2014, 2013 and 2012:

(in thousands)	2014			2013			2012
Balance, beginning of year	$	30,855		$	32,247		$	—
Plus reserves received during the year from MLC		—			—			33,807
Less claims allowed during the year		(2,157	)		(1,392	)		(1,560	)
Balance, end of year	$	28,698		$	30,855		$	32,247