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

6 Months Ended

Sep. 30, 2014

Text Block [Abstract]

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 three and six months ended September 30, 2014 and 2013:

	Three months ended September 30, 2014
(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, June 30, 2014	$	22,513		$	10,483		$	446		$	—	$	1,238		$	34,680
Plus additions to reserves		2,240			51			—			—		—			2,291
Less liquidation costs incurred (net of reversals):
Trust Professionals		(1,801	)		(390	)		—			—		(4	)		(2,195	)
Trust Governance		(912	)		(450	)		(38	)		—		—			(1,400	)
Other Administrative Expenses		2			(31	)		—			—		—			(29	)
Balance, September 30, 2014	$	22,042		$	9,663		$	408		$	—	$	1,234		$	33,347

	Six months ended September 30, 2014
(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, 2014	$	22,529		$	12,235		$	464		$	—		$	1,258		$	36,486
Plus additions to (reductions in) reserves		4,677			(542	)		—			—			—			4,135
Less liquidation costs incurred:
Trust Professionals		(3,327	)		(975	)		—			—			(24	)		(4,326	)
Trust Governance		(1,829	)		(903	)		(56	)		—			—			(2,788	)
Other Administrative Expenses		(8	)		(152	)		—			—			—			(160	)
Balance, September 30, 2014	$	22,042		$	9,663		$	408		$	—		$	1,234		$	33,347
	Three months ended September 30, 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, June 30, 2013	$	33,594		$	17,362		$	491		$	760		$	1,394		$	53,601
Less reductions in reserves		(4,204	)		(2,327	)		—			—			—			(6,531	)
Less liquidation costs incurred (net of reversals):
Trust Professionals		(1,878	)		(268	)		—			(172	)		(109	)		(2,427	)
Trust Governance		(1,031	)		(452	)		3			—			—			(1,480	)
Other Administrative Expenses		(13	)		(43	)		—			—			—			(56	)
Balance, September 30, 2013	$	26,468		$	14,272		$	494		$	588		$	1,285		$	43,107
	Six months ended September 30, 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		(4,063	)		(4,146	)		—			—			—			(8,209	)
Less liquidation costs incurred:
Trust Professionals		(5,482	)		(953	)		—			(310	)		(346	)		(7,091	)
Trust Governance		(2,004	)		(901	)		(5	)		—			—			(2,910	)
Other Administrative Expenses		(26	)		(170	)		—			—			—			(196	)
Balance, September 30, 2013	$	26,468		$	14,272		$	494		$	588		$	1,285		$	43,107

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 September 30, 2014 and 2013:

(in thousands)	2014			2013
Balance, beginning of period	$	28,335		$	29,692
Less claims allowed during the period		(916	)		(255	)
Balance, end of period	$	27,419		$	29,437

The following is a summary of the activity in the reserves for Residual Wind-Down Claims for the six months ended September 30, 2014 and 2013:

(in thousands)	2014			2013
Balance, beginning of period	$	28,698		$	30,855
Less claims allowed during the period		(1,279	)		(1,418	)
Balance, end of period	$	27,419		$	29,437