EX-99.91 101 a2042579zex-99_91.txt EXHIBIT 99.91 OFFICE OF THE UNITED STATES TRUSTEE IN RE: ) DEBTOR IN POSSESSION OPERATING REPORT ) BUSINESS INSURANCE GROUP ) REPORT NUMBER 11 Page 1 of 3 ) FOR THE PERIOD FROM: 01-Feb-01 DEBTOR) TO: 28-Feb-01 ) CHAPTER 11 CASE NO. SV00-14101-GM ) ------------------------------------- 1. Profit and Loss Statement Please see Attached Schedule A A. Related to Business Operations: Gross Sales __________ Less Sales Returns and Discounts __________ Net Sales _________ Less: Cost of Goods Sold Beginning Inventory at Cost __________ Add: Purchases __________ Less: Ending Inventory at Cost __________ Cost of Goods Sold _________ Gross Profit ________ Other Operating Revenue (Specify) ======== Less: Operating Expenses Officer Compensation __________ Salaries & Wages-Other Employees __________ Total Salaries & Wages __________ Employee Benefits __________ Payroll Taxes __________ Real Estate Taxes __________ Federal and State Income Taxes __________ Total Taxes __________ Rent and Lease Exp. (Real and Personal Property) __________ Interest Expense (Mortgage, Loan, etc.) __________ Insurance __________ Automobile Expense __________ Utilities (Gas, Electric, Water, Telephone, etc.) __________ Depreciation and Amortization __________ Repairs and Maintenance __________ Advertising __________ Supplies, Office Expenses, Photocopies, etc. __________ Bad Debts __________ Miscellaneous Operating Expenses (Specify) __________ Total Operating Expenses __________ __________ Net Gain/(Loss) from Business Operations __________ B. Not Related to Business Operations __________ Income: Interest Income __________ Other Non-Operating Revenues (Specify) __________ Gross Proceeds on Sale of Assets Less: Original Cost of Assets plus Expenses __________ of Sale __________ Net Gain/(Loss) on Sale of Assets Total Non-Operating Results __________ Expenses Not Related to Business Operations: Legal and Professional Fees __________ Other Non-Operating Revenues (Specify) __________ Total Non-Operating Expenses __________ NET INCOME/(LOSS) FOR PERIOD ========== Revised April 1989 OPERATING REPORT UST-4 DEBTOR IN POSSESSION OPERATING REPORT NO. 11 Page 2 of 3 2. Aging of Accounts Payable and Receivable (exclude pre-petition debt from accounts payable):
Accounts Payable Accounts Receivable --------------------------------------- Current Under 30 days $0 $0 Overdue 31 - 60 days $0 $0 Overdue 61 - 90 days PLEASE SEE ATTACHED SCHEDULE B Overdue 91 - 120 days $0 $0 Overdue 121 + days $0 $0 Total $0 $0 ---------------------------------------
3. Statement of Status of Payments to Secured Creditors and Lessors:
----------------------------------------------------------------------------- Post-Petition Frequency of Payments Not Made Payments per Amount of ----------------- Creditor/Lessor Lease/Contract Each Payment Next Payment Due Number Amount ---------------------------------------------------------------------------------- SEE ATTACHED SCHEDULE C ----------------------------------------------------------------------------------
4. Tax Liability: Gross Payroll Expense For Period $0 Gross Sales for Period Subject to Sales Tax $0
------------------------------------------ Post Petition Taxes Date Paid Amount Paid* Still Owing ------------------------------------------ Federal Payroll and Withholding Taxes N/A $0 N/A State Payroll and Withholding Taxes N/A $0 N/A State Sales and Use Tax N/A $0 N/A Real Property Taxes N/A $0 N/A ------------------------------------------
* Attach photocopies of depository receipts from taxing authority or financial institution to verify that such deposits or payments have been made. 5. Insurance Coverage
---------------------------------------------------------- Carrier/Agent Amount of Policy Premium Paid Coverage Exp. Date Thru Date ---------------------------------------------------------- Worker's Compensation See Schedule D Liability See Schedule E Fire and Extended Coverage See Schedule E Property See Schedule E Theft See Schedule E Life (Beneficiary: ________) See Schedule E Vehicle See Schedule E Other See Schedule E ----------------------------------------------------------
DEBTOR IN POSSESSION OPERATING REPORT NO. 11 Page 3 of 3 6. Questions: A. Has the Debtor provided to any officers, directors, shareholders, or other principals compensation without the approval of the Office of the United States Trustee? _________: Yes Explain: _______________________________________________ ____X____: No B. Has the Debtor, subsequent to the filing of the petition made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? _________: Yes Explain: _______________________________________________ ____X____: No 7. Statement of Unpaid Professional Fees (Post-Petition Only):
---------------------------------------------------------- Type Post-Petition Name of Professional Professional Unpaid Total ---------------------------------------------------------- See Schedule F ----------------------------------------------------------
8. Narrative Report of Significant Events And Events Out Of The Ordinary Course Of Business: 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every calendar quarter)
-------------------------------------------------------------------------------------------------------------- Quarterly Quarterly Disbursements Quarterly Quarterly Period Ending for Quarter Fee Date Paid Amount Paid Check No. Fee Still Owing -------------------------------------------------------------------------------------------------------------- 12/31/2000 $5,248,340.00 $10,000.00 2/12/2001 $10,000.00 1166 $0.00 --------------------------------------------------------------------------------------------------------------
I, Alex Corbett - Chief Financial Officer, declare under penalty of perjury that the information contained in the above Debtor in Possession Operating Report is true and complete to the best of my knowledge. Dated: 4/18/01 Signed: /s/ Alex Corbett --------- -------------------------------- SCHEDULE A SNIG, BIG, SNIA AND SNIS SCHEDULE OF OPERATIONS ONE MONTH ENDED FEBRUARY 28, 2001 [BANKRUPTCY FILED APRIL 26, 2000] [UNAUDITED]
(In thousands) CONSOLIDATED SNIG BIG SNIA SNIS ELIMINATION TOTAL ----------- ----------- ----------- ----------- ------------- -------------- Revenues: Commission income $ - $ - $ - $ 45 $ - $ 45 Net investment income 13 (7) 3 77 - 86 ----------- ----------- ----------- ----------- ------------- -------------- TOTAL REVENUES 13 (7) 3 122 - 131 ----------- ----------- ----------- ----------- ------------- -------------- Expenses: Interest expense 869 - - - - 869 Bad debt expense - - - (A) 26 (A) - 26 General and administrative Other (511) - 246 1,053 - 788 ----------- ----------- ----------- ----------- ------------- -------------- TOTAL EXPENSES 358 - 246 1,079 - 1,683 ----------- ----------- ----------- ----------- ------------- -------------- INCOME (LOSS) BEFORE INCOME TAXES AND PREFERRED SECURITIES DIVIDENDS AND ACCRETION (345) (7) (243) (957) - (1,552) Income tax (benefit) expense - - - - - - ----------- ----------- ----------- ----------- ------------- -------------- INCOME (LOSS) BEFORE PREFERRED SECURITIES DIVIDENDS AND ACCRETION (345) (7) (243) (957) - (1,552) Preferred securities dividends and accretion (1,093) - - - - (1,093) Expenses not related to business operations: Legal and Professional Fees (313) (1) - (8) - (322) Other non-operating expenses 9 (10) - - - (1) ----------- ----------- ----------- ----------- ------------- -------------- (1,742) (18) (243) (965) - (2,968) Equity in net income (loss) from subsidiaries (1,218) (1,200) - - 2,426 8 ----------- ----------- ----------- ----------- ------------- -------------- NET (LOSS) INCOME $ (2,960) $ (1,218) $ (243) $ (965) $ 2,426 $ (2,960) =========== =========== =========== =========== ============= ==============
(A) Amount reflects a recording of an allowance for bad debt on collection of commissions receivable. Debtor continues to assert rights of offset and other methods to effectuate collection. SCHEDULE B SUPERIOR NATIONAL INSURANCE GROUP, INC. IN BANKRUPTCY AGING OF ACCOUNTS PAYABLE AND RECEIVABLE AS OF FEBRUARY 28, 2001
SUPERIOR NATIONAL INSURANCE GROUP NON-INTERCOMPANY ACCOUNTS INTERCOMPANY ACCOUNTS -------------------------------------- ------------------------------------- ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ---------------- ------------------- ---------------- ------------------- Current Under 30 days 992,185 15,000 - 1,043,941 Overdue 31 - 60 days (636) - - 815,765 Overdue 61 - 90 days - 99,166 5,237,080 177,616 (D) Overdue 91 - 120 days 7,000 18,026 - 3,581 Overdue 121 + days 545,622 12,362 1 643,010 ---------------- ------------------- ---------------- ------------------- Total $ 1,544,172 $ 144,553 [A] $ 5,237,081 $ 2,683,912 ---------------- ------------------- ---------------- ------------------- BUSINESS INSURANCE GROUP NON-INTERCOMPANY ACCOUNTS INTERCOMPANY ACCOUNTS -------------------------------------- ------------------------------------- ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ---------------- ------------------- ---------------- ------------------- Current Under 30 days - - 11,000 - Overdue 31 - 60 days - - 11,000 - Overdue 61 - 90 days - - - 5,237,080 (D) Overdue 91 - 120 days - - - - Overdue 121 + days - 601,265 - 14,963,854 ---------------- ------------------- ---------------- ------------------- Total $ - $ 601,265 $ 22,000 $ 20,200,934 ---------------- ------------------- ---------------- ------------------- SUPERIOR NATIONAL INSURANCE SERVICES NON-INTERCOMPANY ACCOUNTS INTERCOMPANY ACCOUNTS -------------------------------------- ------------------------------------- ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ---------------- ------------------- ---------------- ------------------- Current Under 30 days 219,733 49,886 848,208 12,081 Overdue 31 - 60 days 39,475 64,313 634,067 12,491 Overdue 61 - 90 days 18,863 382,094 (0) 18,655 Overdue 91 - 120 days 34,359 156,488 (0) 32,445 Overdue 121 + days 769,489 11,854,092 (0) 660,045 ---------------- ------------------- ---------------- ------------------- Total $ 1,081,918 $ 12,506,874 [B] $ 1,482,275 $ 735,717 ---------------- ------------------- ---------------- ------------------- SUPERIOR NATIONAL INSURANCE GROUP ADMINISTRATORS NON-INTERCOMPANY ACCOUNTS INTERCOMPANY ACCOUNTS -------------------------------------- ------------------------------------- ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ---------------- ------------------- ---------------- ------------------- Current Under 30 days 58,864 - 196,814 - Overdue 31 - 60 days - - 183,388 - Overdue 61 - 90 days (0) - 196,271 - Overdue 91 - 120 days - - 36,026 - Overdue 121 + days 89,789 6,377,198 974,992 98,383 ---------------- ------------------- ---------------- ------------------- Total $ 148,653 $ 6,377,198 [C] $ 1,587,490 $ 98,383 ---------------- ------------------- ---------------- ------------------- CONSOLIDATED NON-INTERCOMPANY ACCOUNTS INTERCOMPANY ACCOUNTS -------------------------------------- ------------------------------------- ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ---------------- ------------------- ---------------- ------------------- Current Under 30 days 1,270,782 64,886 1,056,022 1,056,022 Overdue 31 - 60 days 38,840 64,313 828,456 828,256 Overdue 61 - 90 days 18,863 481,260 5,433,351 5,433,351 Overdue 91 - 120 days 41,359 174,514 36,026 36,026 Overdue 121 + days 1,404,900 18,844,917 974,993 16,365,292 ---------------- ------------------- ---------------- ------------------- Total $ 2,774,743 $ 19,629,890 $ 8,328,847 23,718,946 ---------------- ------------------- ---------------- -------------------
[A] Amounts in accounts payable do not include interest due and accrued on bank loan and Trust Preferred Securities. [B] Amounts shown in accounts receivable do not include recorded amounts on allowance for bad debt on collection of commissions receivable, in which the Debtor continues to assert rights of offset and other methods to effectuate collection. [C] Amounts shown in accounts receivable do not include recorded amounts on allowance for bad debt on collection of claims administration fee, in which the Debtor continues to assert rights of offset and other methods to effectuate collection. [D] Amounts include a payment of $5.4 million pursuant to an Order Authorizing Release of Escrowed Funds to the Bank Group Pursuant to Stipulation dated November 9, 2000. The $5.4 million was paid from BIG for interest expense accrued on SNIG. SCHEDULE C FEBRUARY 28, 2001 SNIG 3. Statement of Status of Payments to Secured Creditors and Lessors:
---------------------------------------------------------------------------------------------------------------------------------- Post-Petition Frequency of Payments Not Made Payments per Amount of ------------------------------ Creditor/Lessor Lease/Contract Each Payment Next Payment Due Number Amount ---------------------------------------------------------------------------------------------------------------------------------- Dell Financial Services Monthly $ 8,931.85 12/20/2000 SEE NOTE B IKON Office Solutions, Inc. / IOS Capital Monthly $ 1,395.65 11/23/00, 11/15/00 SEE NOTE B Pitney Bowes Credit Corp. Monthly $ 4,810.67 12/10/00, 12/20/00, 12/1/00 SEE NOTE B Pitney Bowes Credit Corp. Quarterly $ 7,394.15 12/10/00, 11/10/00 SEE NOTE B Stringer business Systems Inc. Monthly $ 2,163.51 12/1/2000 SEE NOTE B 12/24/00, 12/6/00, 12/11/00, Toshiba American Information Sys. Monthly $ 8,170.39 12/1/00, 12/18/00 SEE NOTE B Trizec Kahn Properties Monthly $226,076.40 2/1/2001 SEE NOTE C Bettman Real Estate Management Monthly $ 1,932.33 2/1/2001 SEE NOTE A & NOTE C ---------------------------------------------------------------------------------------------------------------------------------
Amounts above do not include bank loan in default, which are partially secured by stock of Superior National Insurance Group, Inc. and its subsidiaries. * MONTHLY PAYMENT IS BASED ON NUMBER OF COPIES MADE FOR THE PREVIOUS MONTH, THEREFORE PAYMENT VARIES EACH MONTH. NOTE A: PER THE CLO, THEY HAVE DISCONTINUED PAYING THE LEASE AS OF 4/2000 AND SUPERIOR HAS NOT OCCUPIED THIS OFFICE FOR A NUMBER OF MONTHS. NOTE B: THESE LEASES WERE WITHDRAWN FROM THE MOTION FILED ON JANUARY 19, 2001 BASED UPON THE REPRESENTATION THAT THE CLO WILL REMAIN CURRENT ON ALL MONETARY OBLIGATIONS UNDER THE LEASES UNTIL THE DEBTORS RECEIVE INSTRUCTION FROM THE CLO ON THE ASSUMPTION OR REJECTION OF THESE LEASES BY APRIL 15, 2001. NOTE C: THESE LEASES WERE AUTOMATICALLY DEEMED REJECTED BY OPERATION OF LAW. BIG 3. Statement of Status on Payments to Secured Creditors and Lessors:
---------------------------------------------------------------------------------------------------------------------------------- Post-Petition Frequency of Payments Not Made Payments per Amount of ------------------------------ Creditor/Lessor Lease/Contract Each Payment Next Payment Due Number Amount ---------------------------------------------------------------------------------------------------------------------------------- Dell Financial Services Monthly $ 52,321.29 12/15/2000 SEE NOTE C Zodiac Development Monthly $ 9,454.31 1/1/2001 SEE NOTE D Koger Realty Services Inc. (San Diego, CA) Monthly $ 26,600.89 1/1/2001 SEE NOTE D Colonial Property Trust Monthly $ 5,433.98 1/1/2001 SEE NOTE B & NOTE D Fults Realty Corporation Monthly $ 15,362.95 1/1/2001 SEE NOTE A & NOTE D Woodland III Holding, LLC / c/oWasatch Property Management Monthly $ 12,940.15 1/1/2001 SEE NOTE B & NOTE D ----------------------------------------------------------------------------------------------------------------------------------
Amounts above do not include bank loan in default, which are partially secured by stock of Superior National Insurance Group, Inc. and its subsidiaries. NOTE A: PER THE CLO, THEY ARE IN THE PROCESS OF MOVING AND/OR SELLING THE FURNITURE & FIXTURES AT THIS LOCATION AND EXPECT TO VACATE THIS PREMISE BY THE END OF 11/2000. THE CLO HAS DISCONTINUED PAYING RENT FOR THIS LEASE AS OF 7/2000. NOTE B: PER THE CLO, THEY HAVE DISCONTINUED PAYING THE LEASE AS OF 4/2000 AND SUPERIOR HAS NOT OCCUPIED THIS OFFICE FOR A NUMBER OF MONTHS. NOTE C: THIS LEASE WAS WITHDRAWN FROM THE MOTION FILED ON JANUARY 19, 2001 BASED UPON THE REPRESENTATION THAT THE CLO WILL REMAIN CURRENT ON ALL MONETARY OBLIGATIONS UNDER THE LEASE UNTIL THE DEBTORS RECEIVE INSTRUCTION FROM THE CLO ON THE ASSUMPTION OF REJECTION OF THIS LEASE BY APRIL 15, 2001. NOTE D: THESE LEASES WERE AUTOMATICALLY DEEMED REJECTED BY OPERATION OF LAW. SNIA 3. Statement of Status of Payments to Secured Creditors and Lessors:
---------------------------------------------------------------------------------------------------------------------------------- Post-Petition Frequency of Payments Not Made Payments per Amount of ------------------------------ Creditor/Lessor Lease/Contract Each Payment Next Payment Due Number Amount ---------------------------------------------------------------------------------------------------------------------------------- NONE ----------------------------------------------------------------------------------------------------------------------------------
Amounts above do not include bank loan in default, which are partially secured by stock of Superior National Insurance Group, Inc. and its subsidiaries. SNIS 3. Statement of Status of Payments to Secured Creditors and Lessors:
---------------------------------------------------------------------------------------------------------------------------------- Post-Petition Frequency of Payments Not Made Payments per Amount of ------------------------------ Creditor/Lessor Lease/Contract Each Payment Next Payment Due Number Amount ---------------------------------------------------------------------------------------------------------------------------------- NONE ----------------------------------------------------------------------------------------------------------------------------------
Amounts above do not include bank loan in default, which are partially secured by stock of Superior National Insurance Group, Inc. and its subsidiaries. SCHEDULE D Superior National Insurance Group, Inc. in Bankruptcy Debtor in Possession Insurance Coverage As of February 28, 2001
---------------------------------------------------------------------------------------------------------------------------------- Amount of Policy Premium Paid State Carrier Agent Coverage Exp. Date Thru Date ---------------------------------------------------------------------------------------------------------------------------------- Arizona Liberty Mutual Group Di Buduo & De Fendis Statutory 12-Jul-01 12-Jul-01 Arkansas Liberty Mutual Group Di Buduo & De Fendis Statutory 12-Jul-01 12-Jul-01 California State Compensation Insurance Fund Di Buduo & De Fendis Statutory 01-Jun-01 01-Jun-01 Colorado Pinnacol Assurance Di Buduo & De Fendis Statutory 01-Jun-01 01-Jun-01 Georgia Liberty Mutual Group Di Buduo & De Fendis Statutory 12-Jul-01 12-Jul-01 Illinois Liberty Mutual Group Di Buduo & De Fendis Statutory 12-Jul-01 12-Jul-01 Kansas Travelers Insurance Company Di Buduo & De Fendis Statutory 11-Aug-01 11-Aug-01 Missouri Travelers Property & Casualty Di Buduo & De Fendis Statutory 02-Jun-01 02-Jun-01 New Jersey Granite State Insurance Company Di Buduo & De Fendis Statutory 02-Jun-01 02-Jun-01 Oklahoma State Insurance Fund Di Buduo & De Fendis Statutory 15-Nov-01 15-Nov-01 Pennsylvania State Workmens' Insurance Fund Di Buduo & De Fendis Statutory 03-Jun-01 03-Jun-01 Texas Texas W/C Insurance Fund Di Buduo & De Fendis Statutory 18-Jul-01 18-Jul-01 Virgina Travelers Insurance Company Di Buduo & De Fendis Statutory 11-Aug-01 11-Aug-01 ----------------------------------------------------------------------------------------------------------------------------------
Note 1: The policies for Florida, Indiana, Louisiana, New Mexico, New York, Oregon, Tennessee, Utah, and Wisconsin were all requested to be cancelled in December 2000. Note 2: Within all of the policies identified above the following entities are covered for Workers' Compensation: SNIG, BIG, SNIA, and SNIS. Note 3: The polices for Arkansas, Arizona, Georgia, & Illinois are all covered on one policy, which is inforce, even though AR & GA offices are closed. Note 4: A Virgina employee was added to the Kansas policy. FEBRUARY 28, 2001 SCHEDULE E
POLICY PREMIUM PAID COMPANY AGENT TYPE OF INSURANCE AMOUNT OF COVERAGE EXP. DATE THRU DATE ------------ ------------------ ------------------------------------- -------------------------- ---------- ------------ SNIG, BIG, DiBudio & DeFendis COMMERCIAL GENERAL LIABILITY PACKAGE SNIS, & SNIA General Liability $1 million per occurrence 11/13/2001 11/13/2001 $2 million aggregate Advertising injury excluded Employee Benefit Liability $1 million per claim $1 million aggregate SNIG, BIG, DiBudio & DeFendis AUTOMOBILE (OWNED) SNIS, & SNIA Liability $1 million 3/22/2001 3/22/2001 Medical $5,000 Uninsured Motorist $500,000 Physical Damage Actual value less $500 deductible SNIG, BIG, DiBudio & DeFendis AUTOMOBILE (NON-OWNED) SNIS, & SNIA Liability $1 million 11/13/2001 11/13/2001 Physical Damage/Comp/Collision $30,000 $100 deductible comp/$250 collision SNIG, BIG, Carpenter Moore DIRECTORS & OFFICERS (RUN-OFF) SNIS, & SNIA Reliance $5,000,000 5/1/2003 5/1/2003 Lloyd's of London $5,000,000 xs $5,000,000 Gulf Insurance Company $10,000,000 xs $10,000,000 Executive Risk Indeminity $10,000,000 xs $20,000,000 Philadelphia Indemnity $10,000,000 xs $30,000,000 SNIG, BIG, DiBudio & DeFendis EMPLOYER PRACTICE LIABILITY (RUN OFF) $1 million per loss 12/10/2001 12/10/2001 SNIS, & SNIA EXTENDED REPORTING PERIOD & in the aggregate SNIG, BIG, DiBudio & DeFendis EMPLOYER PRACTICE LIABILITY $1 million per loss 1/15/2002 1/15/2002 SNIS, & SNIA & in the aggregate SNIG, BIG, DiBudio & DeFendis FIDUCIARY LIABILITY (RUN OFF) $5 million per loss 12/10/2001 12/10/2001 SNIS, & SNIA & in the aggregate SNIG, BIG, DiBudio & DeFendis COMMERICIAL UMBRELLA $10 million per occurrence 11/13/2001 11/13/2001 SNIS, & SNIA $10 million aggregate SNIG, BIG, DiBudio & DeFendis EXCESS LIABILITY $10 million per occurrence 11/13/2001 11/13/2001 SNIS, & SNIA $10 million aggregate SNIG, BIG, DiBudio & DeFendis ACCIDENT POLICY (LIFE/TRAVEL) $1 million to $3 million 1/15/2002 1/15/2002 SNIS, & SNIA (depends on rank of officer) BIG ONLY DiBudio & DeFendis PROFESSIONAL LIABILITY RUN OFF $10 million per loss 12/10/2004 12/10/2004 BIG COMPANIES ONLY/acts b/f 12-10-99 & in the aggregate *$500,000 deductible
SCHEDULE F FEBRUARY 28, 2001 SNIG, BIG, SNIS, SNIA
---------------------------------------------------------------------------------------------------------------------- Type Post-Petition Name of Professional Professional Unpaid Total ---------------------------------------------------------------------------------------------------------------------- Paul, Weiss, Rifkind, Wharton & Garrison Legal fees $224,886 Tillinghast-Towers, Perrin Actuaries $ -- Latham & Watkins Counsel for Official Committee of Unsecured Creditors $ 40,100 Steve Eldrige Tax consulting $ 27,307 Quinn Emanuel Urquhart Oliver & Hedges LLP Legal fees $365,301 Tharpe & Howell Legal fees $ 1,163 Mannat Phelps Legal fees $ 29,606 KPMG Peat Marwick Audit & consulting fees $170,018 Note A Christopher Maisel Facilitator fees $209,300 ----------------------------------------------------------------------------------------------------------------------
Note A - Payments of $34,765, $22,949, and $12,493 were subsequently paid on 1/1/01, 1/20/01, and 3/19/01, respectively. Additionally, $97,250 of fees and expenses were applied against the retainer.