EX-99.1 2 a09-12977_1ex99d1.htm EX-99.1

Exhibit 99.1

 

OFFICE OF THE UNITED STATES TRUSTEE - REGION 3
POST-CONFIRMATION QUARTERLY SUMMARY REPORT

 

This Report is to be submitted for all bank accounts that are presently maintained by the post confirmation debtor.

 

Debtor’s Name: Sea Containers Ltd

Bank: See summary

 

 

Case Number: 06-11156 (KJC)

Account Number: N/A

 

 

Date of Confirmation: November 24, 2008

Account Type: N/A

 

Reporting Period: January 1, 2009 to March 31, 2009

 

 

 

 

 

 

 

 

 

 

 

Beginning Cash Balance:

 

 

 

$

43,463,540

 

 

 

 

 

 

 

All receipts received by the debtor:

 

 

 

 

 

 

 

 

 

 

 

Repayment of loan note to Seaco Ltd:

 

$

-17,306,000

 

 

 

 

 

 

 

 

 

Net reimbursement of costs incurred on behalf of Seaco Ltd:

 

$

1,239,851

 

 

 

 

 

 

 

 

 

Settlement of GE SeaCo balances in accordance with Stipulation agreement:

 

$

274,800

 

 

 

 

 

 

 

 

 

Interest income:

 

$

16,167

 

 

 

 

 

 

 

 

 

Sale of Debtors assets:

 

$

572,554

 

 

 

 

 

 

 

 

 

SC Group cash repatriation:

 

$

41,621,552

 

 

 

 

 

 

 

 

 

Foreign exchange:

 

$

-466,926

 

 

 

 

 

 

 

 

 

Inter company banking sweep:

 

$

-2,143,843

 

 

 

 

 

 

 

 

 

Total of cash received:

 

 

 

$

23,808,155

 

 

 

 

 

 

 

Total of cash available:

 

 

 

$

67,271,695

 

 

 

 

 

 

 

Less all disbursements or payments (including payments made under the confirmed plan) made by the Debtor:

 

 

 

 

 

 

 

 

 

 

 

Disbursements made under the plan, excluding the administrative claims of bankruptcy professionals (see appendix 1):

 

$

6,285,191

 

 

 

 

 

 

 

 

 

Disbursements made to professional fee escrow agents, pursuant to unpaid bankruptcy professionals (incl. fees):

 

$

13,213,000

 

 

 

 

 

 

 

 

 

Debtor in possession loan repayment (incl. fees):

 

$

24,828,483

 

 

 

 

 

 

 

 

 

All other disbursements made in the ordinary course:

 

$

4,498,990

 

 

 

 

 

 

 

 

 

Total Disbursements

 

 

 

$

48,825,664

 

 

 

 

 

 

 

Ending Cash Balance

 

 

 

$

18,446,031

 

 

Pursuant to 28 U.S.C. Section 1746(2), I hereby declare under penalty of perjury that the foregoing is true and correct to the best of my knowledge and belief.

 

/s/ Lisa Clement

 

 

 

 

Lisa Clement

Chief Financial Officer

May 5, 2009

 

 

 

 

 

 

 

Debtor: Sea Containers Ltd

 

Case Number: 06-11156 (KJC)

 

 

 


 

OFFICE OF THE UNITED STATES TRUSTEE - REGION 3
POST-CONFIRMATION QUARTERLY SUMMARY REPORT

 

Appendix 1

 

Disbursements made under the plan, excluding the administrative claims of bankruptcy professionals:

 

 

 

 

 

 

 

SCL & SCSL unsecured claims cash distribution

 

2,146,263

 

GE Capital Corp payment under framework agreement

 

100,000

 

Wharfside equalisation related employee claim trust a/c (incl. fees)

 

2,677,200

 

Wharfside non debtor subsidiary known 3rd party trust a/c (incl. fees)

 

1,137,120

 

Equalisation escrow

 

224,608

 

 

 

 

 

 

 

6,285,191

 

 


 

OFFICE OF THE UNITED STATES TRUSTEE - REGION 3
POST-CONFIRMATION QUARTERLY SUMMARY REPORT

 

This Report is to be submitted for all bank accounts that are presently maintained by the post confirmation debtor.

 

Debtor’s Name: Sea Containers Services Ltd

Bank: See summary

 

 

Case Number: 06-11156 (KJC)

Account Number: N/A

 

 

Date of Confirmation: November 24, 2008

Account Type: N/A

 

Reporting Period: January 1, 2009 to March 31, 2009

 

 

 

Beginning Cash Balance:

 

 

 

$

73,216

 

 

 

 

 

 

 

All receipts received by the debtor:

 

 

 

 

 

 

 

 

 

 

 

SCSL cash repatriation to SCL

 

$

-4,496,365

 

 

 

 

 

 

 

 

 

SC Group cash repatriation to SCSL

 

$

4,496,365

 

 

 

 

 

 

 

 

 

Tax refunds

 

$

274,574

 

 

 

 

 

 

 

 

 

Pension Schemes Equalisation payments

 

$

-921,283

 

 

 

 

 

 

 

 

 

Foreign exchange

 

$

-459

 

 

 

 

 

 

 

 

 

Inter company banking sweep

 

$

2,143,843

 

 

 

 

 

 

 

 

 

Total of cash received:

 

 

 

$

1,496,675

 

 

 

 

 

 

 

Total of cash available:

 

 

 

$

1,569,891

 

 

 

 

 

 

Less all disbursements or payments (including payments made under the confirmed plan) made by the Debtor:

 

 

 

 

 

 

 

 

 

Disbursements made under the plan, excluding the administrative claims of bankruptcy professionals:

 

$

0

 

 

 

 

 

 

 

 

 

Disbursements made pursuant to the administrative claims of bankruptcy professionals:

 

$

0

 

 

 

 

 

 

 

 

 

All other disbursements made in the ordinary course:

 

$

1,477,584

 

 

 

 

 

 

 

 

 

Total Disbursements

 

 

 

$

1,477,584

 

 

 

 

 

 

 

Ending Cash Balance

 

 

 

$

-92,307

 

 

Pursuant to 28 U.S.C. Section 1746(2), I hereby declare under penalty of perjury that the foregoing is true and correct to the best of my knowledge and belief.

 

/s/ Lisa Clement

 

 

 

 

Lisa Clement

Chief Financial Officer

 

 

 

May 5, 2009

 

 

 

 

 

 

 

 

 

Debtor: Sea Containers Services Ltd

 

 

 

 

 

 

 

 

Case Number: 06-11156 (KJC)

 

 

 

 

 


 

OFFICE OF THE UNITED STATES TRUSTEE - REGION 3
POST-CONFIRMATION QUARTERLY SUMMARY REPORT

 

This Report is to be submitted for all bank accounts that are presently maintained by the post confirmation debtor.

 

Debtor’s Name: Sea Containers Caribbean Inc.

Bank: None

 

 

Case Number: 06-11156 (KJC)

Account Number: N/A

 

 

Date of Confirmation: November 24, 2008

Account Type: N/A

 

Reporting Period: January 1, 2009 to March 31, 2009

 

 

 

Beginning Cash Balance:

 

 

 

$

0

 

 

 

 

 

 

 

All receipts received by the debtor:

 

 

 

 

 

 

 

 

 

 

 

Collection of accounts receivable:

 

$

0

 

 

 

 

 

 

 

 

 

Tax refunds:

 

$

0

 

 

 

 

 

 

 

 

 

SC Group cash repatriation:

 

$

0

 

 

 

 

 

 

 

 

 

Foreign exchange:

 

$

0

 

 

 

 

 

 

 

 

 

Inter company banking sweep:

 

$

0

 

 

 

 

 

 

 

 

 

Total of cash received:

 

 

 

$

0

 

 

 

 

 

 

 

Total of cash available:

 

 

 

$

0

 

 

 

 

 

 

 

Less all disbursements or payments (including payments made under the confirmed plan) made by the Debtor:

 

 

 

 

 

 

 

 

 

 

 

Disbursements made under the plan, excluding the administrative claims of bankruptcy professionals:

 

$

0

 

 

 

 

 

 

 

 

 

Disbursements made pursuant to the administrative claims of bankruptcy professionals:

 

$

0

 

 

 

 

 

 

 

 

 

All other disbursements made in the ordinary course:

 

$

0

 

 

 

 

 

 

 

 

 

Total Disbursements

 

 

 

$

0

 

 

 

 

 

 

 

Ending Cash Balance

 

 

 

$

0

 

 

Pursuant to 28 U.S.C. Section 1746(2), I hereby declare under penalty of perjury that the foregoing is true and correct to the best of my knowledge and belief.

 

/s/ Lisa Clement

 

 

 

 

Lisa Clement

Chief Financial Officer

 

 

 

May 5, 2009

 

 

 

 

 

 

 

 

 

Debtor: Sea Containers Caribbean Inc.

 

 

 

 

 

 

 

 

Case Number: 06-11156 (KJC)