EX-99.1 2 d815775dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

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SIDLEY AUSTIN LLP

Thomas R. Califano (24122825)

Rakhee V. Patel (00797213)

Jeri Leigh Miller (24102176)

2021 McKinney Avenue, Suite 2000

Dallas, Texas 75201

Telephone:    (214) 981-3300
Facsimile:    (214) 981-3400
Email:    tom.califano@sidley.com
   rpatel@sidley.com
   jeri.miller@sidley.com

SIDLEY AUSTIN LLP

Ameneh Bordi (admitted pro hac vice)

Weiru Fang (admitted pro hac vice)

787 Seventh Avenue

New York, New York 10019

Telephone:    (212) 839-5300
Facsimile:    (212) 839-5599
Email:    abordi@sidley.com
   weiru.fang@sidley.com

Attorneys for the Debtors and

Debtors in Possession

IN THE UNITED STATES BANKRUPTCY COURT

FOR THE NORTHERN DISTRICT OF TEXAS

DALLAS DIVISION

 

   
 In re:          Chapter 11
 
 EBIX, INC., et al.1          Case No. 23-80004 (SWE)
 
    

Debtors.

 

 

     (Jointly Administered)

 

 

1 

The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification number, as applicable, are: Ebix, Inc. (1975), Vertex, Incorporated (6295), P.B. Systems, Inc. (9074), Ebix Consulting, Inc. (6666), Ebix US, LLC (N/A), Facts Services, Inc. (1348), Doctors Exchange, Inc. (N/A), Ebix International LLC (N/A), Agency Solutions.com, LLC d/b/a Health Connect LLC (N/A), ConfirmNet Corporation (2737), A.D.A.M., Inc. (8070), and Ebix Latin America, LLC (N/A). The Debtors’ mailing address is 1 Ebix Way, Johns Creek, Georgia 30097.

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GLOBAL NOTES FOR THE

JUNE 2024 MONTHLY OPERATING REPORTS

 

On December 17, 2023, (the “Petition Date”) Ebix, Inc. and its affiliated debtors in the above-captioned chapter 11 cases (each a “Debtor” and, collectively, the “Debtors”) commenced voluntary cases (the “Chapter 11 Cases”) under chapter 11 of title 11, United States Code, §§ 101 et seq. (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Northern District of Texas (the “Court”).

The Debtors continue to operate their business and manage their properties as debtors in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code. The Chapter 11 Cases have been consolidated for procedural purposes only and are being jointly administered under case number 23-80004 (SWE).

 

1.

General Methodology: The Debtors are filing this monthly operating report (the “MOR”) solely for purposes of complying with the monthly operating requirements of the Debtors’ Chapter 11 Cases. The financial information contained herein is unaudited, limited in scope, and as such, has not been subjected to procedures that would typically be applied to financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The MOR should not be relied on by any persons for information relating to current or future financial condition, events, or performance of any of the Debtors or their affiliates, as the results of operations contained herein are not necessarily indicative of results that may be expected from any other period or for the full year, and may not necessarily reflect the combined results of operations, financial position, and schedule of receipts and disbursements in the future. There can be no assurance that such information is complete, and the MOR may be subject to revision. The following notes, statements, and limitations should be referred to and referenced in connection with any review of the MOR.

 

2.

Basis of Presentation: For financial reporting purposes, the Debtors prepare consolidated financial statements, which include information for Ebix, Inc., and its Debtor affiliates. This MOR only contains financial information of the Debtors, and has been prepared on a condensed combined basis. The Debtors are maintaining their books and records in accordance with U.S. GAAP and the information furnished in this MOR uses the Debtors’ normal accrual method of accounting. In preparing the MOR, the Debtors relied on financial data derived from their books and records that was available at the time of preparation. Nevertheless, in preparing this MOR, the Debtors made reasonable efforts to supplement the information set forth in their books and records with additional information concerning transactions that may not have been identified therein. Pending completion of the year-end 2023 and Q1 2024 impairment analysis for goodwill and intangible assets, and the allocation of the purchase price consideration for the North America life & annuity assets between various debtor entities, the Debtors have not recorded the gain on sale of the Debtors’ North American life and annuity assets. Pending completion of these items, the related purchase price consideration, as adjusted for certain purchase price adjustments, is presented within postpetition payables in the financial statements of Ebix Inc. The Debtors have not separately classified the assets held for sale following entry of the order approving the bid procedures and auction of the Debtors’ remaining assets of the North

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  American business and the Debtors’ equity interests in certain non-Debtor foreign subsidiaries. Subsequent information or discovery may result in material changes to the MOR and errors or omissions may exist. Notwithstanding any such discovery, new information, or errors or omissions, the Debtors do not undertake any obligation or commitment to update this MOR. Due to subsequent information obtained, the financial statements and certain of the cumulative amounts presented in this MOR reflect adjustments made to the financial statements contained in the previously filed May 2024 monthly operating reports. The financial statements presented herein reflect the book values of the Debtor entities of Ebix, Inc., and, as a result, do not reflect the going concern valuation of the Debtors. The Company is not liable for and undertakes no responsibility to indicate variations from securities laws or for any evaluations of the Company based on this financial information or any other information.

 

3.

Reporting Period: Unless otherwise noted herein, the MOR generally reflects the Debtors’ books and records and financial activity occurring during the applicable reporting period.

 

4.

Accuracy: The financial information disclosed herein was not prepared in accordance with federal or state securities laws or other applicable nonbankruptcy law or in lieu of complying with any periodic reporting requirements thereunder. Persons and entities trading in or otherwise purchasing, selling, or transferring the claims against or equity interests in the Debtors should evaluate this financial information in light of the purposes for which it was prepared. The Debtors are not liable for and undertake no responsibility to indicate variations from securities laws or for any evaluations of the Debtors based on this financial information or any other information.

 

5.

Investments in Subsidiaries: The book basis for investments in subsidiaries are not representative of the fair value or net assets of Debtor and non-debtor subsidiaries.

 

6.

Payments of Prepetition Claims Pursuant to First Day Orders: Following the Petition Date, the Court entered certain orders authorizing, but not directing, the Debtors to, among other things, pay certain (a) insurance obligations; (b) employee wages, salaries, additional compensation, contractor obligations, and employee benefit programs; (c) taxes and fees; (d) utilities; (e) service charges and other fees, costs, and expenses charged by the Debtors’ cash management banks; and (f) certain critical vendor payments.

 

7.

Insiders: For purposes of this MOR, the Debtors defined “insiders” pursuant to section 101(31) of the Bankruptcy Code as: (a) directors; (b) officers; (c) persons in control of the Debtors; (d) relatives of the Debtors’ directors, officers, or persons in control of the Debtors; and (e) Debtor and non-Debtor affiliates of the foregoing. Moreover, the Debtors do not take a position with respect to: (a) any insider’s influence over the control of the Debtors; (b) the management responsibilities or functions of any such insider; (c) the decision making or corporate authority of any such insider; or (d) whether the Debtors or any such insider could successfully argue that he or she is not an “insider” under applicable law, with respect to any theories of liability, or for any other purpose.

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8.

Payments to Insiders: All payments made by the Debtors to “Insiders,” as such term is defined in 11 U.S.C. § 101(31), included wage compensation and benefits in the ordinary course due to those individuals. This information is available upon request.

 

9.

Postpetition Borrowing: Following the Petition Date, the Court approved debtor-in-possession borrowing as set forth in the Final Order (I) Authorizing (A) Postpetition Financing, and (B) The Use of Cash Collateral; (II) Granting Liens and Providing Superpriority Administrative Expense Claims; (III) Granting Adequate Protection to Prepetition Lenders; (IV) Modifying the Automatic Stay; and (V) Granting Related Relief [Docket No. 255].

 

10.

Interest on Prepetition Borrowing: The Debtors are unable to determine whether it is probable that interest on prepetition borrowing for the period following the Petition Date will be an allowed claim. As a result, interest on prepetition borrowing has not been accrued in the financial information herein.

 

11.

Bank Accounts: All the bank accounts were established prefiling in the name of Ebix, Inc. All of these bank accounts are utilized for all of the Debtors.

 

12.

Internal Transfers: Internal transfers between the Debtors are not included as receipts in the financial statements for each Debtor. Because the monthly operating reports have not been prepared on a consolidated basis, this has resulted in negative cash balances for some Debtors.

 

13.

Estimation of Claims: The amounts of Secured, Unsecured, and Priority Claims reported in the MOR are estimated based on the Debtors’ available information.

 

14.

Payments To or On Behalf of Nonbankruptcy Professionals. All payments made to or on behalf of nonbankruptcy professionals were approved by the Court pursuant to the Order (I) Authorizing the Debtors to Retain and Compensation Professionals in the Ordinary Course of Business and (II) Granting Related Relief [Docket No. 295]. The objection period for certain of these ordinary course professionals has not passed as of the filing of this MOR.

 

15.

Attachments and Exhibits: Bank statements and other supporting documents and exhibits for all Debtors are attached to the MOR of Ebix, Inc. Any documents, exhibits, or statements attached to the MOR of Ebix, Inc. are incorporated by reference into the MOR for all Debtors.

 

16.

Reservation of Rights: The Debtors reserve all rights to amend or supplement the MOR in all respects, as may be necessary or appropriate, but shall be under no obligation to do so. Nothing contained in this MOR shall constitute a waiver of any of the Debtors’ rights or an admission with respect to their Chapter 11 Cases.

* * * END OF GLOBAL NOTES * * *

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UNITED STATES BANKRUPTCY COURT

NORTHERN DISTRICT OF TEXAS

DALLAS

 

 

In Re. Ebix, Inc.    §    Case No. 23-80004
      §      
        §    Lead Case No. 23-80004
   Debtor(s)    §      
         ☒ Jointly Administered

 

Monthly Operating Report         Chapter 11

 

Reporting Period Ended: 06/30/2024       Petition Date: 12/17/2023     

 

Months Pending: 7       Industry Classification:    5     1     8     2 

 

Reporting Method:    Accrual Basis   LOGO    Cash Basis   LOGO   

 

Debtor’s Full-Time Employees (current):    230       
Debtor’s Full-Time Employees (as of date of order for relief):    425   

Supporting Documentation (check all that are attached):

(For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor)

 

☒   Statement of cash receipts and disbursements

☒   Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit

☒   Statement of operations (profit or loss statement)

☒   Accounts receivable aging

☐   Postpetition liabilities aging

☐   Statement of capital assets

☐   Schedule of payments to professionals

☐   Schedule of payments to insiders

☒   All bank statements and bank reconciliations for the reporting period

☐   Description of the assets sold or transferred and the terms of the sale or transfer

 

/s/ Amit K. Garg

    

Amit K. Garg

Signature of Responsible Party     Printed Name of Responsible Party

07/22/2024

     1 Ebix Way
Date    

Johns Creek, GA 30097

    Address

STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. § 1320.4(a)(2) applies.

 

UST Form 11-MOR (12/01/2021)    1   

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Debtor’s Name Ebix, Inc.    Case No. 23-80004

 

Part 1: Cash Receipts and Disbursements

    Current Month      Cumulative  

a.   Cash balance beginning of month

    $ 11,854,488     
  

 

 

     

b.  Total receipts (net of transfers between accounts)

    $ 15,321,351      $ 114,471,000  
  

 

 

     

 

 

  

c.   Total disbursements (net of transfers between accounts)

    $ 13,740,797      $ 95,934,619  
  

 

 

     

 

 

  

d.  Cash balance end of month (a+b-c)

    $ 13,435,041     
  

 

 

     

e.   Disbursements made by third party for the benefit of the estate

    $ 0      $ 0  
  

 

 

     

 

 

  

f.   Total disbursements for quarterly fee calculation (c+e)

    $ 13,740,797      $ 95,934,619  
  

 

 

     

 

 

  

Part 2: Asset and Liability Status

(Not generally applicable to Individual Debtors. See Instructions.)

    Current Month         

a.   Accounts receivable (total net of allowance)

    $ 8,971,891     
  

 

 

     

b.  Accounts receivable over 90 days outstanding (net of allowance)

    $ 6,913,927     
  

 

 

     

c.   Inventory (Book LOGO  Market LOGO  Other LOGO  (attach explanation))

    $ 88,275     
  

 

 

     

d   Total current assets

    $ 143,594,724     
  

 

 

     

e.   Total assets

    $ 532,827,341     
  

 

 

     

f.   Postpetition payables (excluding taxes)

    $ 403,274,384     
  

 

 

     

g.  Postpetition payables past due (excluding taxes)

    $ 0     
  

 

 

     

h.  Postpetition taxes payable

    $ 265,320     
  

 

 

     

i.   Postpetition taxes past due

    $ 0     
  

 

 

     

j.   Total postpetition debt (f+h)

    $ 403,539,704     
  

 

 

     

k.  Prepetition secured debt

    $ 340,187,823     
  

 

 

     

l.   Prepetition priority debt

    $ 0     
  

 

 

     

m.   Prepetition unsecured debt

    $ 309,278,591     
  

 

 

     

n.  Total liabilities (debt) (j+k+l+m)

    $ 1,053,006,118     
  

 

 

     

o.  Ending equity/net worth (e-n)

    $ -520,178,776     
  

 

 

     

Part 3: Assets Sold or Transferred

    Current Month      Cumulative  

a.   Total cash sales price for assets sold/transferred outside the ordinary course of business

    $ 6,000,000      $ 345,900,000  
  

 

 

     

 

 

  

b.  Total payments to third parties incident to assets being sold/transferred outside the ordinary course of business

    $ 0      $ 333,521,553  
  

 

 

     

 

 

  

c.   Net cash proceeds from assets sold/transferred outside the ordinary course of business (a-b)

    $ 6,000,000      $ 12,378,447  
  

 

 

     

 

 

  

Part 4: Income Statement (Statement of Operations)

(Not generally applicable to Individual Debtors. See Instructions.)

    Current Month      Cumulative  

a.   Gross income/sales (net of returns and allowances)

    $ 4,052,779     
  

 

 

     

b.  Cost of goods sold (inclusive of depreciation, if applicable)

    $ 1,868,248     
  

 

 

     

c.   Gross profit (a-b)

    $ 2,184,531     
  

 

 

     

d.  Selling expenses

    $ 408,209     
  

 

 

     

e.   General and administrative expenses

    $ 1,665,768     
  

 

 

     

f.   Other expenses

    $ 0     
  

 

 

     

g.  Depreciation and/or amortization (not included in 4b)

    $ 348,596     
  

 

 

     

h.  Interest

    $ -650,350     
  

 

 

     

i.   Taxes (local, state, and federal)

    $ 0     
  

 

 

     

j.   Reorganization items

    $ 4,986,952     
  

 

 

     

k.  Profit (loss)

    $ -4,574,644      $ -44,225,266  
  

 

 

     

 

 

  

 

UST Form 11-MOR (12/01/2021)    2   

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Debtor’s Name Ebix, Inc.    Case No. 23-80004

 

Part 5: Professional Fees and Expenses  
                    

Approved 

Current Month 

     

Approved 

Cumulative 

     

Paid Current 

Month 

     

Paid 

Cumulative 

  
a.   Debtor’s professional fees & expenses (bankruptcy) Aggregate Total    $ 9,039,209      $ 31,387,468      $ 9,039,209      $ 31,387,468  
    Itemized Breakdown by Firm              
        Firm Name   Role                                    
    i   Mayor Brown LLP   Other    $ 773,005      $ 4,382,027      $ 773,005      $ 4,382,027  
    ii   FTI Consulting   Financial Professional    $ 362,355      $ 2,027,605      $ 362,355      $ 2,027,605  
    iii   Jefferies Finance LLC   Financial Professional    $ 4,002,895      $ 5,176,227      $ 4,002,895      $ 5,176,227  
    iv   Omni Agent Solutions Inc   Other    $ 0      $ 644,738      $ 0      $ 644,738  
    v   AlixPartners   Financial Professional    $ 2,033,306      $ 8,065,790      $ 2,033,306      $ 8,065,790  
    vi   Sidley Austin LLP   Lead Counsel    $ 683,556      $ 5,727,432      $ 683,556      $ 5,727,432  
    vii   McDermott Will & Emery LLP   Other    $ 609,092      $ 2,252,602      $ 609,092      $ 2,252,602  
    viii   Huron Consulting Services LLC   Financial Professional    $ 0      $ 1,134,677      $ 0      $ 1,134,677  
    ix   Berkeley Research Group, LLC   Financial Professional    $ 200,000      $ 1,480,199      $ 200,000      $ 1,480,199  
    x   DLA Piper   Other    $ 375,000      $ 425,000      $ 375,000      $ 425,000  
    xi   Kane Russell Coleman Logan   Other    $ 0      $ 71,169      $ 0      $ 71,169  
    xii                                            
    xiii                                            
    xiv                                            
    xv                                            
    xvi                                            
    xvii                                            
    xviii                                            
    xix                                            
    xx                                            
    xxi                                            
    xxii                                            
    xxiii                                            
    xxiv                                            
    xxv                                            
    xxvi                                            
    xxvii                                            
    xxviii                                            
    xxix                                            
    xxx                                            
    xxxi                                            
    xxxii                                            
    xxxiii                                            
    xxxiv                                            
    xxxv                                            
    xxxvi                                            

 

UST Form 11-MOR (12/01/2021)    3   

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Debtor’s Name Ebix, Inc.    Case No. 23-80004

 

    xxxvii                            
    xxxviii                            
    xxxix                            
    xl                            
    xli                            
    xlii                            
    xliii                            
    xliv                            
    xlv                            
    xlvi                            
    xlvii                            
    xlviii                            
    xlix                            
    l                            
    li                            
    lii                            
    liii                            
    liv                            
    lv                            
    lvi                            
    lvii                            
    lviii                            
    lix                            
    lx                            
    lxi                            
    lxii                            
    lxiii                            
    lxiv                            
    lxv                            
    lxvi                            
    lxvii                            
    lxviii                            
    lxix                            
    lxx                            
    lxxi                            
    lxxii                            
    lxxiii                            
    lxxiv                            
    lxxv                            
    lxxvi                            
    lxxvii                            
    lxxviii                            

 

UST Form 11-MOR (12/01/2021)    4   

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Debtor’s Name Ebix, Inc.    Case No. 23-80004

 

    lxxix                                            
    lxxx                                            
    lxxxi                                            
    lxxxii                                            
    lxxxiii                                            
    lxxxiv                                            
    lxxxv                                            
    lxxxvi                                            
    lxxxvii                                            
    lxxxviii                                            
    lxxxix                                            
    xc                                            
    xci                                            
    xcii                                            
    xciii                                            
    xciv                                            
    xcv                                            
    xcvi                                            
    xcvii                                            
    xcviii                                            
    xcix                                            
    c                                            
    ci                                            
                                               
                    

Approved 

Current Month 

     

Approved 

Cumulative 

     

Paid Current 

Month 

     

Paid 

Cumulative 

  
b.   Debtor’s professional fees & expenses (nonbankruptcy) Aggregate Total    $ 7,809      $ 488,768      $ 7,809      $ 488,768  
    Itemized Breakdown by Firm              
        Firm Name   Role                                    
    i   Baker Tilly   Financial Professional    $ 0      $ 0      $ 0      $ 0  
    ii   Bass, Berry & Sims PLC   Local Counsel    $ 0      $ 0      $ 0      $ 0  
    iii   Catalyst Global LLC   Local Counsel    $ 0      $ 0      $ 0      $ 0  
    iv   Ernst & Young India   Financial Professional    $ 0      $ 0      $ 0      $ 0  
    v   Ernst & Young US LLP   Financial Professional    $ 7,809      $ 157,809      $ 7,809      $ 157,809  
    vi   Gokare Law Firm   Local Counsel    $ 0      $ 25,650      $ 0      $ 25,650  
    vii   Hadef & Partners LLC   Local Counsel    $ 0      $ 0      $ 0      $ 0  
    viii   Hilco Real Estate Appraisal, LLC   Other    $ 0      $ 9,500      $ 0      $ 9,500  
    ix   Indus Law   Local Counsel    $ 0      $ 87,528      $ 0      $ 87,528  
    x   KG Somani & Co LLP   Financial Professional    $ 0      $ 0      $ 0      $ 0  
    xi   KPMG India Private Limited   Financial Professional    $ 0      $ 19,570      $ 0      $ 19,570  
    xii   Marketsphere Consulting   Financial Professional    $ 0      $ 1,650      $ 0      $ 1,650  
    xiii   Nelson Mullins Riley & Scarbo   Local Counsel    $ 0      $ 30,004      $ 0      $ 30,004  
    xiv   PricewaterhouseCoopers LLP   Financial Professional    $ 0      $ 0      $ 0      $ 0  

 

UST Form 11-MOR (12/01/2021)    5   

Case 23-80004-swe11  Doc 767  Filed 07/22/24  Entered 07/22/24 16:00:02  Desc

Main Document  Page 10 of 16

 

Debtor’s Name Ebix, Inc.    Case No. 23-80004

 

    xv   Skadden, Arps, Slate, Meagher   Local Counsel    $    0     $ 157,057      $    0     $ 157,057  
    xvi   Strikeman Elliot LLP   Local Counsel    $    0     $ 0      $    0     $ 0  
    xvii                                    
    xviii                                    
    xix                                    
    xx                                    
    xxi                                    
    xxii                                    
    xxiii                                    
    xxiv                                    
    xxv                                    
    xxvi                                    
    xxvii                                    
    xxviii                                    
    xxix                                    
    xxx                                    
    xxxi                                    
    xxxii                                    
    xxxiii                                    
    xxxiv                                    
    xxxv                                    
    xxxvi                                    
    xxxvii                                    
    xxxviii                                    
    xxxix                                    
    xl                                    
    xli                                    
    xlii                                    
    xliii                                    
    xliv                                    
    xlv                                    
    xlvi                                    
    xlvii                                    
    xlviii                                    
    xlix                                    
    l                                    
    li                                    
    lii                                    
    liii                                    
    liv                                    
    lv                                    
    lvi                                    

 

UST Form 11-MOR (12/01/2021)    6   

Case 23-80004-swe11  Doc 767  Filed 07/22/24  Entered 07/22/24 16:00:02  Desc

Main Document  Page 11 of 16

 

Debtor’s Name Ebix, Inc.    Case No. 23-80004

 

    lvii                            
    lviii                            
    lix                            
    lx                            
    lxi                            
    lxii                            
    lxiii                            
    lxiv                            
    lxv                            
    lxvi                            
    lxvii                            
    lxviii                            
    lxix                            
    lxx                            
    lxxi                            
    lxxii                            
    lxxiii                            
    lxxiv                            
    lxxv                            
    lxxvi                            
    lxxvii                            
    lxxviii                            
    lxxix                            
    lxxx                            
    lxxxi                            
    lxxxii                            
    lxxxiii                            
    lxxxiv                            
    lxxxv                            
    lxxxvi                            
    lxxxvii                            
    lxxxviii                            
    lxxxix                            
    xc                            
    xci                            
    xcii                            
    xciii                            
    xciv                            
    xcv                            
    xcvi                            
    xcvii                            
    xcviii                            

 

UST Form 11-MOR (12/01/2021)    7   

Case 23-80004-swe11  Doc 767  Filed 07/22/24  Entered 07/22/24 16:00:02  Desc

Main Document  Page 12 of 16

 

Debtor’s Name Ebix, Inc.    Case No. 23-80004

 

    xcix                                            
    c                                            
c.   All professional fees and expenses (debtor & committees)      $9,687,750        $32,516,968        $9,687,750        $32,516,968  

 

Part 6: Postpetition Taxes

      Current Month          Cumulative     

a.   Postpetition income taxes accrued (local, state, and federal)

    $ 0      $ 0  
  

 

 

     

 

 

  

b.  Postpetition income taxes paid (local, state, and federal)

    $ 0      $ 0  
  

 

 

     

 

 

  

c.   Postpetition employer payroll taxes accrued

    $ -1,495      $ 148,521  
  

 

 

     

 

 

  

d.  Postpetition employer payroll taxes paid

    $ 0      $ 0  
  

 

 

     

 

 

  

e.   Postpetition property taxes paid

    $ 0      $ 0  
  

 

 

     

 

 

  

f.   Postpetition other taxes accrued (local, state, and federal)

    $ 546,616      $ 116,799  
  

 

 

     

 

 

  

g.  Postpetition other taxes paid (local, state, and federal)

    $ 154,062      $ 1,407,715  
  

 

 

     

 

 

  

 

Part 7: Questionnaire - During this reporting period:

     

a.   Were any payments made on prepetition debt? (if yes, see Instructions)

      Yes  LOGO    No LOGO

b.  Were any payments made outside the ordinary course of business without court approval? (if yes, see Instructions)

      Yes  LOGO    No LOGO

c.   Were any payments made to or on behalf of insiders?

      Yes LOGO    No LOGO

d.  Are you current on postpetition tax return filings?

      Yes LOGO    No LOGO

e.   Are you current on postpetition estimated tax payments?

      Yes LOGO    No LOGO

f.   Were all trust fund taxes remitted on a current basis?

      Yes LOGO    No LOGO

g.  Was there any postpetition borrowing, other than trade credit? (if yes, see Instructions)

      Yes LOGO    No LOGO

h.  Were all payments made to or on behalf of professionals approved by the court?

      Yes LOGO    No LOGO  N/A LOGO

i.   Do you have:

    Worker’s compensation insurance?      Yes LOGO    No LOGO
  

If yes, are your premiums current?

      Yes LOGO    No  LOGO  N/A  LOGO  (if no, see Instructions)
   Casualty/property insurance?      Yes LOGO    No LOGO
  

If yes, are your premiums current?

      Yes LOGO    No  LOGO  N/A  LOGO  (if no, see Instructions)
   General liability insurance?      Yes LOGO    No LOGO
  

If yes, are your premiums current?

      Yes LOGO    No LOGO  N/A LOGO  (if no, see Instructions)

j.   Has a plan of reorganization been filed with the court?

      Yes LOGO    No LOGO

k.  Has a disclosure statement been filed with the court?

      Yes LOGO    No LOGO

l.   Are you current with quarterly U.S. Trustee fees as set forth under 28 U.S.C. § 1930?

      Yes LOGO    No LOGO

 

UST Form 11-MOR (12/01/2021)    8   

Case 23-80004-swe11  Doc 767  Filed 07/22/24  Entered 07/22/24 16:00:02  Desc

Main Document  Page 13 of 16

 

Debtor’s Name Ebix, Inc.    Case No. 23-80004

 

Part 8: Individual Chapter 11 Debtors (Only)

                                  

a.   Gross income (receipts) from salary and wages

    $ 0     
  

 

 

     

b.  Gross income (receipts) from self-employment

    $ 0     
  

 

 

     

c.   Gross income from all other sources

    $ 0     
  

 

 

     

d.  Total income in the reporting period (a+b+c)

    $ 0     
  

 

 

     

e.   Payroll deductions

    $ 0     
  

 

 

     

f.   Self-employment related expenses

    $ 0     
  

 

 

     

g.  Living expenses

    $ 0     
  

 

 

     

h.  All other expenses

    $ 0     
  

 

 

     

i.   Total expenses in the reporting period (e+f+g+h)

    $ 0     
  

 

 

     

j.   Difference between total income and total expenses (d-i)

    $ 0     
  

 

 

     

k.  List the total amount of all postpetition debts that are past due

    $ 0     
  

 

 

     

l.   Are you required to pay any Domestic Support Obligations as defined by 11 U.S.C § 101(14A)?

      Yes  LOGO  No  LOGO     

m.   If yes, have you made all Domestic Support Obligation payments?

      Yes  LOGO  No  LOGO  N/A  LOGO     

Privacy Act Statement

28 U.S.C. § 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C. §§ 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. § 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor’s progress through the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is needed to perform the trustee’s or examiner’s duties or to the appropriate federal, state, local, regulatory, tribal, or foreign law enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee’s systems of records notice, UST-001, “Bankruptcy Case Files and Associated Records.” See 71 Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: http:// www.justice.gov/ust/eo/rules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your bankruptcy case or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F).

I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting documentation are true and correct and that I have been authorized to sign this report on behalf of the estate.

 

/s/ Amit K. Garg

      

Amit K. Garg

Signature of Responsible Party       Printed Name of Responsible Party

Chief Financial Officer

      

07/22/2024

Title       Date

 

UST Form 11-MOR (12/01/2021)    9   

Case 23-80004-swe11  Doc 767  Filed 07/22/24  Entered 07/22/24 16:00:02  Desc

Main Document  Page 14 of 16

 

Debtor’s Name Ebix, Inc.    Case No. 23-80004

 

LOGO

 

UST Form 11-MOR (12/01/2021)    10   

Case 23-80004-swe11  Doc 767  Filed 07/22/24  Entered 07/22/24 16:00:02  Desc

Main Document  Page 15 of 16

 

Debtor’s Name Ebix, Inc.    Case No. 23-80004

 

LOGO

 

UST Form 11-MOR (12/01/2021)    11   

Case 23-80004-swe11  Doc 767  Filed 07/22/24  Entered 07/22/24 16:00:02  Desc

Main Document  Page 16 of 16

 

Debtor’s Name Ebix, Inc.    Case No. 23-80004

 

LOGO

 

UST Form 11-MOR (12/01/2021)    12