EX-99.1 2 v172545_ex99-1.htm

UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE

In re The Penn Traffic Company, et al
Case No.   09-14078 (PJW)
Debtors
Reporting Period: December 26, 2009

MONTHLY OPERATING REPORT
  
                   
       
Document
  
Explanation
  
Affidavit/Supplement
  
REQUIRED DOCUMENTS
  
Form No.
  
Attached
  
Attached
  
Attached
  
Schedule of Cash Receipts and Disbursements
  
MOR-1
  
X
          
Bank Reconciliation (or copies of debtor's bank reconciliations)
  
MOR-1a
          
X
  
Schedule of Professional Fees Paid
  
MOR-1b
  
X
          
Copies of bank statements
                  
Cash disbursements journals
                  
Statement of Operations
  
MOR-2
  
X
          
Balance Sheet
  
MOR-3
  
X
          
Status of Postpetition Taxes
  
MOR-4
  
X
          
Copies of IRS Form 6123 or payment receipt
                  
Copies of tax returns filed during reporting period
                  
Summary of Unpaid Postpetition Debts
  
MOR-4b
  
X
          
Listing of aged accounts payable
  
MOR-4c
  
X
          
Accounts Receivable Reconciliation and Aging
  
MOR-5
  
X
          
Debtor Questionnaire
  
MOR-5
  
X
          

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

       
Signature of Debtor
  
Date
  
       
       
Signature of Joint Debtor
  
Date
  
       
/s/ Ronald F. Stengel
  
27 January 2010
  
Signature of Authorized Individual*
  
Date
  
       
Ronald F. Stengel
  
Chief Restructuring Officer
  
Printed Name of Authorized Individual
  
Title of Authorized Individual
  

*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

 
 
 

UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE

In re
The Penn Traffic Company, et al
Case No.   09-14078 (PJW)
 
Debtors
Period: December 28, 2009

MONTHLY OPERATING REPORT

Summary of Cases
  
 
Debtor
Case Number
     
 
The Penn Traffic Company, Debtor
09-14078 (PJW)
(1)
Sunrise Properties, Debtor
09-14079 (PJW)
 
Pennway Express, Inc., Debtor
09-14080 (PJW)
(1)
Penny Curtis Baking Company, Inc., Debtor
09-14082 (PJW)
(1)
Big M Supermarkets, Inc., Debtor
09-14083 (PJW)
(1)
Commander Foods, Inc., Debtor
09-14084 (PJW)
(1)
P & C Food Markets, Inc. of Vermont, Debtor
09-14085 (PJW)
(1)
P.T. Development, LLC, Debtor
09-14086 (PJW)
 
P.T. Fayetteville/Utica, LLC, Debtor
09-14087 (PJW)

(1) 
No financial data was maintained for these entities because such entities were not engaged in active operations during the relevant time period of this report.

 
 
 

In re: The Penn Traffic Company, et al
Debtors
11/29 - 12/26 Total Cash Flow
($ in thousands)
     W/E       W/E       W/E       W/E    
11/29-12/26
    
Cumulative
  
      12-5-09       12-12-09       12-19-09       12-26-09    
Total
    
to Date
  
                                             
Cash Receipts:
                                            
                                             
Sales Receipts
   $ 12,787     $ 13,348     $ 13,259     $ 11,938     $ 51,332     $ 72,527  
Other Receipts (A/R Coll./Dep.)
     1,593       1,080       1,108       2,595       6,376       7,577  
Miscellaneous Retail Receipts
     4,451       894       1,489       742       7,576       9,806  
Store Closure/Sale Proceeds
     -       -       -       -       -       -  
Total Receipts
     18,831       15,322       15,855       15,275       65,283       89,909  
                                                 
Cash Disbursements:
                                                
                                                 
Trade Payments:
                                                
Product
     11,553       8,892       9,393       9,605       39,443       49,678  
Non-Product
     814       605       599       966       2,984       2,984  
Total Trade Payments
     12,367       9,497       9,992       10,571       42,427       52,662  
                                                 
Operating Expenses:
                                                
Store Payroll, Taxes & Benefits
     2,666       2,545       2,324       2,269       9,804       13,899  
Corp. Payroll, Taxes & Benefits
     470       472       475       464       1,880       2,882  
Severance/WARN and Retention
     -       -       -       -       -       -  
Union Benefits
     -       877       1,193       -       2,070       2,070  
401K Plans
     -       -       -       -       -       -  
Utilities
     -       7       88       25       120       120  
Rent Cam & RE Taxes
     -       1,262       443       -       1,705       1,705  
Insurance Premiums & Claims
     179       84       135       174       572       921  
Capital Expenditures
     -       9       -       11       20       20  
Sales Tax Payable
     -       -       -       126       126       1,140  
Store Currency & Coin Orders
     332       367       290       313       1,302       4,993  
Other (WUnion/Util. Rmb/Bank fees)
     1,782       2,075       1,670       1,709       7,237       9,586  
Liquidator Expense Reimbursement
     -       -       -       -       -       -  
Miscellaneous Expense
     -       -       -       50       50       50  
Total Operating Expenses
     5,429       7,698       6,618       5,141       24,886       37,387  
                                                 
Financing Expenses:
                                                
Term/Standby LC Interest
     162       -       -       -       162       162  
Suppl. RE Facility Interest
     125       7       -       -       132       132  
DIP & Revolver Interest & Fees
     -       -       -       -       -       250  
Debt Paydown / L/C Collat.
     -       -       -       -       -       -  
Total Non-Operating Expenses
     287       7       -       -       295       545  
                                                 
Net Operating Cash Flow
     747       (1,881 )     (755 )     (437 )     (2,325 )     (684 )
                                                 
Bankruptcy Expenses:
                                                
Deposits/Cash-in-Advance
     10       1,100       -       500       1,610       3,318  
Professional Fees
     -       198       229       -       426       426  
UST Fees
     -       -       -       -       -       -  
Claims Agent
     -       -       123       -       123       123  
Cure Costs
     -       -       -       -       -       -  
Funds Transferred to/(from) Escrow
     -       -       -       -       -       -  
Total Bankruptcy Expenses
     10       1,298       351       500       2,159       3,867  
                                                 
Total Disbursements
     18,093       18,500       16,961       16,212       69,767       94,460  
                                                 
Net Cash Flows
   $ 737     $ (3,178 )   $ (1,106 )   $ (937 )   $ (4,484 )   $ (4,550 )

 
 
 

In re  The Penn Traffic Company, et al
Case No. 09-14078 (PJW)
  Debtor
Reporting Period: December 26, 2009

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

       
Amount
      
Check
  
Amount Paid
    
Year-To-Date
  
Payee
  
Period Covered
  
Approved
  
Payor
  
Number
  
Date
  
Fees
    
Expenses
    
Fees
    
Expenses
  
                                             
Donlin Recano
  
12/22/2009
     4,500.00  
Penn Traffic
     28274814  
12/24/09
     -       4,500.00       -       4,500.00  
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
 
 
 
 

In re The Penn Traffic Company, et al
Case No.   09-14078 (PJW)
    Debtors
Reporting Period:    December 26, 2009
MOR 2
Consolidated Statement of Operations
(In thousands)
Unaudited

   
Penn
    
Fayetteville/
    
Pennway
    
Penny
    
Sunrise
    
Penn Traffic
    
Consolidated
  
   
Traffic
    
Utica
    
Express
    
Curtiss
    
Properties
    
Eliminations
    
Penn Traffic
  
                                           
Revenues
   $ 54,073     $ 1,812     $ 263           $ 6           $ 56,154  
                                                     
Cost and Operating Expenses
                                                    
Cost of sales
     38,515       1,245       -             -             39,760  
Selling and administrative expenses
     15,422       444       260             2       -       16,128  
Asset impairment charge
     -       -       -       -       -       -       -  
Goodwill impairment charge
     -       -       -       -       -       -       -  
                                                         
Operating Income
     136       123       3       -       4       -       266  
                                                         
Interest expense
     871       -       -       -       -       -       871  
Reorganization expense
     1,237       -       -       -       -       -       1,237  
                                                         
(Loss) Income from continuing operations before taxes
     (1,972 )     123       3       -       4       -       (1,842 )
Provision for income taxes
     -       -       -       -       -       -       -  
                                                         
(Loss) Income before loss from discontinued operations, net of tax
     (1,972 )     123       3       -       4       -       (1,842 )
                                                         
(Loss) income from discontinued operations, net of tax
     (42 )     -       -       -               -       (42 )
                                                         
(Loss) Income before extraordinary item
     (2,014 )     123       3       -       4       -       (1,884 )
                                                         
Extraordinary item
     -       -       -       -       -       -       -  
                                                         
Net (Loss) Income
   $ (2,014 )   $ 123     $ 3     $ -     $ 4     $ -     $ (1,884 )

(1)
The following legal entities: Big M Supermarkets, Inc., Commander Foods,Inc.,
P&C Food Markets, Inc of Vermont, and  PT-Development, LLC, are not reported on the above schedule due to the fact that there was no or nominal activity for the reporting period of November 29, 2009 through December 26, 2009 for these entities.
 
 
In re: The Penn Traffic Company, et al
Csae No.  09-14078 (PJW)
 Debtors
Reporting Period: 'December 26, 2009
MOR 3
Consolidated Balance Sheet
As of 'December 26, 2009
Unaudited
(In Thousands)

   
Penn
    
Fayetteville/
          
Pennway
    
Penny
    
Sunrise
    
Consolidated
  
   
Traffic
    
Utica
    
Big M
    
Express
    
Curtiss
    
Properties
    
Penn Traffic
  
ASSETS
                                          
                                           
Current Assets:
                                          
Cash and short-term investments
     28,380       31       (2 )     -       -       -       28,409  
Accounts and notes receivables
     22,166       -       -       539       -       -       22,705  
Inventories
     30,790       1,005       -       -       -       -       31,795  
Prepaid expenses and other current assets
     13,028       -       -       -       -       -       13,028  
Assets Held for Sale
     -       -       -       -       -       -       -  
      94,364       1,036       (2 )     539       -       -       95,937  
                                                         
Noncurrent Assets:
                                                        
Capital leases
     6,520       -       -       -       -       -       6,520  
Property, plant and equipment
     42,485       4,018       -       120       -       -       46,623  
Goodwill
     63       -       -       -       -       -       63  
Intangible assets
     2,405       -       -       -       -       -       2,405  
Other assets
     2,489       -       -       -       -       -       2,489  
      148,326       5,054       (2 )     659       -       -       154,037  
                                                         
LIABILITIES AND STOCKHOLDERS' EQUITY
                                                        
                                                         
Current Liabilities:
                                                        
Current portion of obligations under capital leases
     -       -       -       -       -       -       -  
Current maturities under long-term debt
     16,315       -       -       -       -       -       16,315  
Trade account and drafts payables
     3,216       3       (13 )     9       -       -       3,215  
Other current liabilities
     9,797       50       -       18       2       -       9,867  
Accrued interest expense
     -       -       -       -       -       -       -  
Deferred income taxes
     -       -       -       -       -       -       -  
      29,328       53       (13 )     27       2       -       29,397  
                                                         
Intercompany payables
     (55,070 )     -       54,756       (3,361 )     4,068       (394 )     (1 )
                                                         
Noncurrent Liabilities:
                                                        
Obligations under capital leases
     -       -       -       -       -       -       -  
Long-term debt
     3,049       -       -       -       -       -       3,049  
Deferred income taxes
     -       -       -       -       -       -       -  
Other noncurrent liabilities
     -       -       -       -       -       -       -  
                                                         
Total Liabilities Subject to Compromise
     114,311       -       -       -       2,609       -       116,920  
                                                         
Stockholders' Equity:
                                                        
Preferred stock
     (20 )     -       -       -       20       -       -  
Common Stock
     36       -       20       1       30       1       88  
Capital in excess of par
     128,246       -       -       -       -       -       128,246  
Stock warrants
     -       -       -       -       -       -       -  
Retained Earnings
     (71,283 )     5,000       (54,764 )     3,991       (6,729 )     393       (123,392 )
Accumulated other comprehensive loss
     (270 )     -       -       -       -       -       (270 )
Treasury stock, 53,000 shares at cost
     -       -       -       -       -       -       -  
Total Stockholders Equity
     56,709       5,000       (54,744 )     3,992       (6,679 )     394       4,672  
                                                         
      148,327       5,053       (1 )     658       -       -       154,037  
 
 
 
 

In re: The Penn Traffic Company, et al
  
Case No.  09-14078 (PJW)
Debtors
  
MOR 4
  
Reporting Period: "December 26, 2009
   
Status of Post Petition Taxes
    

   
11/28/09
                              
12/26/09
  
   
Ending
    
G/L at
    
Amount Withheld
    
Amount
  
Date
  
Check No.
    
Ending
  
   
Tax Liability
    
11/28/09
    
or Accrued
    
Paid
  
Paid
  
or EFT
    
Tax Liability
  
                                       
Federal
                                      
Withholding
           (196,267 )     (923,194 )     919,732  
11/30/2009
     274973400288995       (199,729 )
                               
12/2/2009
     274936000224818          
                               
12/2/2009
     274973600666473          
                               
12/7/2009
     274974100413448          
                               
12/9/2009
     274974300411856          
                               
12/9/2009
     274974300073524          
                               
12/14/2009
     274974800379751          
                               
12/15/2009
     274974900296391          
                               
12/16/2009
     274975000123628          
                               
12/16/2009
     274975000660161          
                               
12/21/2009
     274975500742663          
                               
12/23/2009
     274975700868523          
                               
12/23/2009
     274975700169939          
FICA -Employee
           (184,620 )     (775,756 )     780,632  
11/30/2009
     274973400288995       (179,744 )
                               
12/2/2009
     274936000224818          
                               
12/2/2009
     274973600666473          
                               
12/7/2009
     274974100413448          
                               
12/9/2009
     274974300411856          
                               
12/9/2009
     274974300073524          
                               
12/14/2009
     274974800379751          
                               
12/15/2009
     274974900296391          
                               
12/16/2009
     274975000123628          
                               
12/16/2009
     274975000660161          
                               
12/21/2009
     274975500742663          
                               
12/23/2009
     274975700868523          
                               
12/23/2009
     274975700169939          
FICA -Employer
           (397,971 )     (754,070 )     781,487  
11/30/2009
     274973400288995       (370,554 )
                               
12/2/2009
     274936000224818          
                               
12/2/2009
     274973600666473          
                               
12/7/2009
     274974100413448          
                               
12/9/2009
     274974300411856          
                               
12/9/2009
     274974300073524          
                               
12/14/2009
     274974800379751          
                               
12/15/2009
     274974900296391          
                               
12/16/2009
     274975000123628          
                               
12/16/2009
     274975000660161          
                               
12/21/2009
     274975500742663          
                               
12/23/2009
     274975700868523          
                               
12/23/2009
     274975700169939          
Totals
     (589,676 )     (778,858 )     (2,453,019 )     2,481,851                 (750,027 )
                                                   
Unemployment
     (14,639 )     (14,639 )     (4,255 )                       (18,894 )
Income
                                                  
Other
                                                  
Total Federal Taxes
     (604,315 )     (793,497 )     (2,457,274 )     2,481,851                 (768,921 )
                                                   
State
                                                  
Withholding- PA
             (37,435 )     (78,592 )     36,804  
12/3/2009
     1300026207654       (37,577 )
                              1,090  
12/3/2009
     1300026213158          
                              39,487  
12/18/2009
     1300026362257          
                              1,070  
12/18/2009
     1300026367944          
Withholding- VT
             (669 )     (2,882 )     668  
12/2/2009
     3353659       (686 )
                              786  
12/9/2009
     3422898          
                              723  
12/16/2009
     3494032          
                              688  
12/23/2009
     3564162          
Withholding- NY
             (69,193 )     (310,347 )     70,200  
12/2/2009
  
NY09WT001733347
       (68,951 )
                              1,975  
12/2/2009
  
NY09WT001733327
          
                              83,534  
12/9/2009
  
NY09WT001745685
          
                              2,525  
12/9/2009
  
NY09WT001745693
          
                              76,883  
12/16/2009
  
NY09WT001755592
          
                              1,870  
12/16/2009
  
NY09WT001755613
          
                              71,054  
12/23/2009
  
NY09WT001770289
          
                              1,816  
12/23/2009
  
NY09WT001770308
          
                              732  
12/23/2009
     261465          
Total State Withholding
     (107,458 )     (107,297 )     (391,822 )     391,904                 (107,214 )
                                                   
Local Taxes
                                                  
Local -EIT
             (48,389 )     (23,890 )                       (72,279 )
Local -LST
             (9,514 )     (3,892 )     458  
12/14/2009
     260969       (12,948 )
Total Local Taxes
     (57,903 )     (57,903 )     (27,783 )     458                 (85,228 )
                                                   
Sales
                                                  
Sales - NY
             26,442       (626,220 )                       (599,778 )
Sales - PA
             (127,538 )     (125,937 )     127,538  
12/21/2009
     1300026414573       (125,937 )
Sales - OH
             (611 )     (134 )                       (745 )
Sales - VT
             (7,931 )     (7,748 )                       (15,679 )
Total Sales Tax
     (109,638 )     (109,638 )     (760,039 )     127,538                 (742,140 )
                                                   
Excise
     -                                            
Unemployment - NY
             (25,643 )     (8,016 )                       (33,659 )
Unemployment - PA
             (30,230 )     (9,459 )                       (39,689 )
Unemployment - VT
             (1,595 )     (516 )                       (2,111 )
Unemployment - NH
             440       (154 )                       286  
Real property
             (332,001 )     (338,852 )     332,001                 (338,853 )
Tobacco
             79,812       866                         80,678  
Total Excise
     (309,318 )     (309,217 )     (356,131 )     332,001                 (333,347 )
                                                   
Other
                                                  
Meals and Room - VT
             (1,049 )     (988 )                       (2,037 )
Meals and Room - NH
             (392 )     (377 )     392  
12/16/2009
     934200266       (378 )
Mercantile Tax
             (15,474 )     (1,289 )                       (16,763 )
Total Other
     (16,914 )     (16,915 )     (2,655 )     392                 (19,178 )
                                                   
Total Taxes
     (1,205,547 )     (1,394,467 )     (3,995,703 )     3,334,143                   (2,056,027 )

 
 
 

In re: The Penn Traffic Company et al
Case No. 09-14978 (PJW)
                              Debtors
Reporting Period: 'December 26, 2009

MOR 4b
SUMMARY OF UNPAID POSTPETITION DEBTS

         
Number of Days Past Due
  
   
Current
     0-30     31-60     61-90    
Over 90
  
Total
  
Accounts Payable
     3,215,549                                   3,215,549  
Wages Payable
     2,655,661                                   2,655,661  
Taxes Payable
     2,056,904                                   2,056,904  
Rent/Leases-Building
     0       612,416                           612,416  
Rent/Leases-Equipment
     0                                   0  
Secured Debt/Adequate Protection Payments
     0                                   0  
Professional Fees
     1,237,000                                   1,237,000  
Amounts Due to Insiders
     0                                   0  
Other Accrued Liabilities
     3,306,034                                   3,306,034  
Other:______________________
                                         0  
Total Postpetition Debts
     12,471,148       612,416                           13,083,564  
 
 
 
 

In re
The Penn Traffic Company
  
Case N09 -14078 (PJW)
 
                             Debtor
  
Reporting Per December 26, 2009

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
MOR 5a

Accounts Receivable Reconciliation
  
Amount
  
Total Accounts Receivable at the beginning of the reporting period
   $ 16,620,636  
+ Amounts billed during the period (Aged)
   $ 56,020,962  
- Amounts collected during the period (Aged)
   $ 53,068,613  
- Amounts collected during the period (Not Aged)
   $ -  
+ Amounts billed during the period (Not Aged)
   $ 2,592,915  
Total Accounts Receivable at the end of the reporting period
   $ 22,165,900  

Accounts Receivable Aging
  
Amount
  
0 - 30 days old
   $ 4,621,707  
31 - 90 days old
   $ 4,102,753  
91 - 180 days old
   $ 156,246  
181 - 365 days old
   $ 86,734  
365 + days old
   $ 561,401  
Subtotal Aged Accounts Receivable
   $ 9,528,841  
Accounts Receivable Not Aged
   $ 14,325,988  
Total Accounts Receivable
   $ 23,854,829  
-Amount considered uncollectible (Bad Debt)
   $ 1,688,929  
Accounts Receivable (Net)
   $ 22,165,900  

DEBTOR QUESTIONNAIRE

Must be completed each month
  
Yes
  
No
1
Have any assets been sold or transferred outside the normal course of business
        
 
this reporting period?  If yes, provide an explanation below.
      
X
2
Have any funds been disbursed from any account other than a debtor in possession
        
 
account this reporting period?
      
X
3
Have all postpetition tax returns been timely filed?  If no, provide an explanation
        
 
below.
  
X
    
4
Are workers compensation, general liability and other necessary insurance
        
 
coverages in effect?  If no, provide an explanation below.
  
X
    
5
Has any bank account been opened during the reporting period?  If yes, provide
        
 
documentation identifying the opened account(s).  If an investment account has been opened
        
 
provide the required documentation pursuant to the Delaware Local Rule 4001-3.
      
X
           
(1)
 Documentation already provided as part of Initial Monthly Operating Report        
 
 
 
 

In re
Pennway Express, Inc.
  
Case N09 -14080 (PJW)
 
                             Debtor
  
Reporting Per December 26, 2009

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
MOR 5b
 
Accounts Receivable Reconciliation
  
Amount
  
Total Accounts Receivable at the beginning of the reporting period
   $ 636,505  
+ Amounts billed during the period
   $ (60,713 )
- Amounts collected during the period
   $ 36,857  
Total Accounts Receivable at the end of the reporting period
   $ 538,935  

Accounts Receivable Aging
  
Amount
  
0 - 30 days old
   $ 222,887  
31 - 90 days old
   $ 215,502  
91 - 180 days old
   $ 21,437  
181 - 365 days old
   $ 76,116  
365 + days old
   $ 2,993  
Subtotal Aged Accounts Receivable
   $ 538,935  
Accounts Receivable Not Aged
   $ -  
Total Accounts Receivable
   $ 538,935  
-Amount considered uncollectible (Bad Debt)
        
Accounts Receivable (Net)
   $ 538,935  
 
DEBTOR QUESTIONNAIRE
 
Must be completed each month        
  
Yes
  
No
1
Have any assets been sold or transferred outside the normal course of business
        
 
this reporting period?  If yes, provide an explanation below.
      
X
2
Have any funds been disbursed from any account other than a debtor in possession
        
 
account this reporting period?
      
X
3
Have all postpetition tax returns been timely filed?  If no, provide an explanation
        
 
below.
  
X
    
4
Are workers compensation, general liability and other necessary insurance
        
 
coverages in effect?  If no, provide an explanation below.
  
X
    
5
Has any bank account been opened during the reporting period?  If yes, provide
        
 
documentation identifying the opened account(s).  If an investment account has been opened
        
 
provide the required documentation pursuant to the Delaware Local Rule 4001-3.
      
X
 
 
 
 

In re  
P.T. Fayetteville/Utica, LLC
    
Case N09 -14087 (PJW)
 
Debtor
    
Reporting Per December 26, 2009

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
MOR 5c

Accounts Receivable Reconciliation
  
Amount
  
Total Accounts Receivable at the beginning of the reporting period
   $ 401  
+ Amounts billed during the period
   $ 93  
- Amounts collected during the period
   $ 401  
Total Accounts Receivable at the end of the reporting period
   $ 93  

Accounts Receivable Aging
  
Amount
  
0 - 30 days old
   
 
  
31 - 90 days old
  
 
  
91 - 180 days old
  
 
  
181 - 365 days old
  
 
  
365 + days old
  
 
  
Subtotal Aged Accounts Receivable
   $ -  
Accounts Receivable Not Aged
   $ 93  
Total Accounts Receivable
   $ 93  
Amount considered uncollectible (Bad Debt)
        
Accounts Receivable (Net)
   $ 93  

DEBTOR QUESTIONNAIRE

Must be completed each month
  
Yes
  
No
1
Have any assets been sold or transferred outside the normal course of business this reporting period?  If yes, provide an explanation below.
      
X
2
Have any funds been disbursed from any account other than a debtor in possession account this reporting period?
      
X
3
Have all postpetition tax returns been timely filed?  If no, provide an explanation below.
  
X
    
4
Are workers compensation, general liability and other necessary insurance coverages in effect?  If no, provide an explanation below.
  
X
    
5
Has any bank account been opened during the reporting period?  If yes, provide documentation identifying the opened account(s).  If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.
      
X

 
 
 
 
 
 
 
The Penn Traffic Company
            
 
Bank Account Balances
            
           
Actual
  
 
Bank Name
  
A/C#
    
12-26-09
  
1
First Commonwealth Bank
  
4983
       473  
2
Bank of America Business Capital
  
2194
       717,402  
3
Bank of America Business Capital
  
3549
       (1,586 )
4
Bank of America Business Capital
  
2204
       (353 )
5
Bank of America Business Capital
  
5976
       17,745,646  
6
Banc of America Securities LLC
  
4712
       -  
7
Bank of America Business Capital
  
6956
       (98,973 )
8
HSBC Bank USA, National Association
  
3033
       11,117  
9
Bank of America Business Capital
  
2069
       (138,299 )
10
Bank of America Business Capital
  
3549
       42,753  
11
HSBC Bank USA, National Association
  
9521
       232,837  
12
Bank of America Business Capital
  
2069
       450,765  
13
HSBC Bank USA, National Association
  
7256
       403,688  
14
HSBC Bank USA, National Association
  
4225
       98,176  
15
HSBC Bank USA, National Association
  
4439
       4,898  
16
Bank of America Business Capital
  
2084
       1,454,809  
17
Fifth Third Bank
  
4602
       3,143,154  
18
Fifth Third Bank
  
4651
       -  
19
Lake Region Bank
  
5136
       154,535  
20
Lake Region Bank
   5224       -  
21
Lake Region Bank
  
5312
       -  
22
Lake Region Bank
  
5558
       -  
23
HSBC Bank USA, National Association
  
0463
       76,256  
24
HSBC Bank USA, National Association
  
0974
       2,310,028  
25
HSBC Bank USA, National Association
   7312       4,971  
26
First Citizens Bank
  
1002
       86,987  
27
NBT Bank
  
2424
       62,913  
28
Peoples State Bank
  
3200
       52,543  
29
Ameriserv Financial Bank
  
5230
       1,427,207  
30
RBS Citizens, National Association
  
5043
       -  
31
First Commonwealth Bank
  
2264
       -  
32
Hamlin Bank
  
0306
       -  
33
HSBC Bank USA, National Association
  
6050
       -  
34
M&T Bank
  
6855
       -  
35
Merchants Bank
  
1875
       -  
36
National City Bank/PNC Bank
  
8153
       -  
37
Northwest Savings Bank
  
3249
       -  
38
Northwest Savings Bank
  
3245
       -  
39
PNC Bank
  
8142
       -  
40
S&T Bank
  
6912
       -  
41
Bank of America Business Capital
  
8023
       167,613  
42
Bank of America Business Capital
  
2852
       -  
43
Bank of America Business Capital
  
2865
       -  
44
Bank of America Business Capital
  
2878
       -  
45
Bank of America Business Capital
  
7938
       -  
46
Bank of America Business Capital
  
1347
          
 
Total
         $ 28,409,560  

 
 
 

The Penn Traffic Co.
Taxes Paid Through 12/26/09

   
Tax
  
Amount
  
Date
Legal Entity
  
Paid
  
Paid
  
Paid
             
Taxes Paid through November 28
         1,681,547.75    
               
Penn Traffic Co.
  
NY Thruway Bill
     13,433.81  
11/30/09
Penn Traffic Co.
  
NYS Highway Use Tax
     9,184.32  
11/30/09
Pennway Express Inc.
  
NYS Highway Use Tax
     164.06  
11/30/09
Penn Traffic Co.
  
Fed-SS-MED
     573,272.73  
11/30/09
PT Fayetteville/Utica, LLC
  
Fed-SS-MED
     12,665.86  
12/02/09
Pennway Express Inc.
  
Fed-SS-MED
     4,628.07  
12/02/09
Penn Traffic Co.
  
NY Withholding
     70,199.87  
12/02/09
PT Fayetteville/Utica, LLC
  
NY Withholding
     1,974.93  
12/02/09
Penn Traffic Co.
  
VT Withholding
     668.47  
12/02/09
Penn Traffic Co.
  
PA Withholding
     36,803.87  
12/03/09
Pennway Express Inc.
  
PA Withholding
     1,089.86  
12/03/09
Penn Traffic Co.
  
Fed-SS-MED
     663,004.54  
12/07/09
PT Fayetteville/Utica, LLC
  
Fed-SS-MED
     15,585.94  
12/09/09
Pennway Express Inc.
  
Fed-SS-MED
     4,788.84  
12/09/09
Penn Traffic Co.
  
NY Withholding
     83,534.25  
12/09/09
PT Fayetteville/Utica, LLC
  
NY Withholding
     2,524.56  
12/09/09
Penn Traffic Co.
  
VT Withholding
     785.70  
12/09/09
Penn Traffic Co.
  
Fed-SS-MED
     602,236.66  
12/14/09
Penn Traffic Co.
  
NY Withholding
     76,882.84  
12/16/09
PT Fayetteville/Utica, LLC
  
NY Withholding
     1,870.30  
12/16/09
PT Fayetteville/Utica, LLC
  
Fed-SS-MED
     12,082.49  
12/16/09
Pennway Express Inc.
  
Fed-SS-MED
     3,947.98  
12/16/09
Penn Traffic Co.
  
VT Withholding
     723.13  
12/16/09
Penn Traffic Co.
  
NH Meals & Rentals
     380.00  
12/16/09
Penn Traffic Co.
  
PA Withholding
     39,486.59  
12/18/09
Pennway Express Inc.
  
PA Withholding
     1,069.60  
12/18/09
Penn Traffic Co.
  
Fed-SS-MED
     567,655.44  
12/21/09
Penn Traffic Co.
  
PA Sales Tax
     126,263.88  
12/21/09
Penn Traffic Co.
  
NY Tobacco
     5,840.08  
12/21/09
Penn Traffic Co.
  
NY Withholding
     71,054.26  
12/23/09
PT Fayetteville/Utica, LLC
  
NY Withholding
     1,816.24  
12/23/09
PT Fayetteville/Utica, LLC
  
Fed-SS-MED
     11,719.07  
12/23/09
Pennway Express Inc.
  
Fed-SS-MED
     4,411.46  
12/23/09
Penn Traffic Co.
  
VT Withholding
     687.69  
12/23/09
Taxes Paid through December 28
         3,022,437.39    
               
Total Taxes Paid
         4,703,985.14