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

9 Months Ended

Dec. 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 three and nine months ended December 31, 2014 and 2013:

	Three months ended December 31, 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, September 30, 2014	$	22,042		$	9,663		$	408		$	—	$	1,234		$	33,347
Plus additions to reserves		2,952			248			—			—		—			3,200
Less liquidation costs incurred:
Trust Professionals		(1,997	)		(431	)		—			—		(4	)		(2,432	)
Trust Governance		(899	)		(451	)		(18	)		—		—			(1,368	)
Other Administrative Expenses		(12	)		(103	)		—			—		—			(115	)
Balance, December 31, 2014	$	22,086		$	8,926		$	390		$	—	$	1,230		$	32,632

	Nine months ended December 31, 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		7,629			(294	)		—			—		—			7,335
Less liquidation costs incurred:
Trust Professionals		(5,324	)		(1,406	)		—			—		(28	)		(6,758	)
Trust Governance		(2,728	)		(1,354	)		(74	)		—		—			(4,156	)
Other Administrative Expenses		(20	)		(255	)		—			—		—			(275	)
Balance, December 31, 2014	$	22,086		$	8,926		$	390		$	—	$	1,230		$	32,632

	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

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, 2014 and 2013:

(in thousands)	2014			2013
Balance, beginning of period	$	27,419		$	29,437
Less claims allowed during the period		(988	)		(97	)
Balance, end of period	$	26,431		$	29,340

The following is a summary of the activity in the reserves for Residual Wind-Down Claims for the nine months ended December 31, 2014 and 2013:

(in thousands)	2014			2013
Balance, beginning of period	$	28,698		$	30,855
Less claims allowed during the period		(2,267	)		(1,515	)
Balance, end of period	$	26,431		$	29,340