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

3 Months Ended

Jun. 30, 2020

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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 months ended June 30, 2020 and 2019:

	Three months ended June 30, 2020
(in thousands)	Reserve for Expected Wind-Down Costs			Reserve for Expected Reporting Costs			Reserve for Indenture Trustee/Fiscal and Paying Agent Costs		Total Reserves for Expected Costs of Liquidation
Balance, March 31, 2020	$	22,530		$	6,100		$	82	$	28,712
Less reductions in reserves		(2,612	)		(7	)		—		(2,619	)
Less liquidation costs incurred (net of reversals):
Trust professionals		(1,044	)		(645	)		—		(1,689	)
Trust governance		(603	)		(450	)		1		(1,052	)
Other administrative expenses		(2,027	)		(64	)		—		(2,091	)
Balance, June 30, 2020	$	16,244		$	4,934		$	83	$	21,261

	Three months ended June 30, 2019
(in thousands)	Reserve for Expected Wind-Down Costs			Reserve for Expected Reporting Costs			Reserve for Indenture Trustee/Fiscal and Paying Agent Costs			Total Reserves for Expected Costs of Liquidation
Balance, March 31, 2019	$	23,379		$	13,996		$	110		$	37,485
Less reductions in reserves		(2,855	)		(1,158	)		—			(4,013	)
Less liquidation costs incurred:
Trust professionals		(650	)		(612	)		—			(1,262	)
Trust governance		(621	)		(450	)		(8	)		(1,079	)
Other administrative expenses		(32	)		(62	)		—			(94	)
Balance, June 30, 2019	$	19,221		$	11,714		$	102		$	31,037

Summary of Activity in Reserves for Residual Wind-Down Claims and Costs

The following is a summary of the activity in the reserve for Residual Wind-Down Claims and Costs for the three months ended June 30, 2020 and 2019.

(in thousands)	2020		2019
Balance, beginning of period	$	177	$	169
Plus addition to reserve		1		—
Balance, end of period	$	178	$	169