EX-99.1 2 dex991.htm MONTHLY OPERATING REPORT Monthly Operating Report

Exhibit 99.1

Revised 5/27/09

United States Bankruptcy Court

Middle District of Alabama

 

In re    The Colonial BancGroup, Inc.      

Case No.

                    09-32303 (DHW)
   Debtor      
         Chapter 11 case

MONTHLY OPERATING REPORT (NON-SMALL BUSINESS ENTITY)

 

Month:                           February                            Date Filed:                 March 18, 2010

 

Line of Business:   Bank Holding Company    NAICS Code:                            52

IN ACCORDANCE WITH TITLE 28 SECTION 1746 OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE

 

RESPONSIBLE PARTY:
/s/    Kevin O’Halloran
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY

Kevin O’Halloran

PRINTED NAME OF RESPONSIBLE PARTY

 

QUESTIONNAIRE: (All questions to be answered on behalf of the debtor.)

    YES    NO

1.      IS THE BUSINESS STILL OPERATING?

    x    ¨

2.      HAVE YOU PAID ALL YOUR BILLS ON TIME THIS MONTH?

    x    ¨

3.      DID YOU PAY YOUR EMPLOYEES ON TIME?

    x    ¨

4.      HAVE YOU DEPOSITED ALL THE RECEIPTS FOR YOUR BUSINESS IN TO THE DIP ACCOUNT THIS MONTH?

   x    ¨

5.      HAVE YOU FILED ALL OF YOUR TAX RETURNS AND PAID ALL OF YOUR TAXES THIS MONTH?

    ¨    x

6.      HAVE YOU TIMELY FILED ALL OTHER REQUIRED GOVERNMENT FILINGS?

    ¨    x

7.      HAVE YOU PAID ALL OF YOUR INSURANCE PREMIUMS THIS MONTH?

    x    ¨

8.      DO YOU PLAN TO CONTINUE TO OPERATE THE BUSINESS NEXT MONTH?

    x    ¨

9.      ARE YOU CURRENT ON YOUR CHAPTER 11 QUARTERLY FEE PAYMENT?

    x    ¨

10.    HAVE YOU PAID ANYTHING TO YOUR ATTORNEY OR OTHER PROFESSIONAL THIS MONTH?

    x    ¨

11.    DID YOU HAVE ANY UNUSUAL OR SIGNIFICANT UNANTICIPATED EXPENSES THIS MONTH?

    ¨    x

12.    HAS THE BUSINESS SOLD ANY GOODS OR PROVIDED SERVICES OR TRANSFERRED ANY ASSETS TO ANY BUSINESS RELATED TO THE DIP IN ANY WAY?

    ¨    x

13.    DO YOU HAVE ANY BANK ACCOUNTS OPEN OTHER THAN THE DIP ACCOUNTS?

    ¨    x

 

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14.    HAVE YOU SOLD ANY ASSETS OTHER THAN INVENTORY THIS MONTH?

    x      ¨  

15.    DID ANY INSURANCE COMPANY CANCEL YOUR POLICY THIS MONTH?

    ¨      x  

16.    HAVE YOU BORROWED MONEY FROM ANYONE THIS MONTH?

    ¨      x  

17.    HAS ANYONE MADE AN INVESTMENT IN YOUR BUSINESS THIS MONTH?

    ¨      x  

18.    HAVE YOU PAID ANY BILLS YOU OWED BEFORE YOU FILED BANKRUPTCY?

    ¨      x  
TAXES (Exhibit A)      
DO YOU HAVE ANY PAST DUE TAX RETURNS OR PAST DUE POST-PETITION TAX OBLIGATIONS? IF YES, PLEASE PROVIDE A WRITTEN EXPLANATION INCLUDING WHEN SUCH RETURNS WILL BE FILED, OR WHEN SUCH PAYMENTS WILL BE MADE AND THE SOURCE OF THE FUNDS FOR THE PAYMENT.    ¨      x  

 

INCOME (Exhibit B)

 

PLEASE SEPARATELY LIST ALL OF THE INCOME YOU RECEIVED FOR THE MONTH. THE LIST SHOULD INCLUDE ALL INCOME FROM CASH AND CREDIT TRANSACTIONS.   
   TOTAL INCOME            $ 1,125,708.85
         

SUMMARY OF CASH ON HAND

   

Cash on Hand at Start of Month

    $ 37,264,504.79
         

Cash on Hand at end of Month

    $ 39,136,953.16
         

PLEASE PROVIDE THE TOTAL AMOUNT OF CASH CURRENTLY AVAILABLE TO YOU.

    TOTAL            $ 2,151,445.77
         
EXPENSES (Exhibit C)   
PLEASE SEPARATELY LIST ALL EXPENSES PAID FROM YOUR BANK ACCOUNTS THIS MONTH. INCLUDE THE DATE PAID, WHO WAS PAID THE MONEY, THE PURPOSE AND THE AMOUNT.   
   TOTAL EXPENSES            $ 65,632.50
         
CASH PROFIT   

INCOME FOR THE MONTH (TOTAL FROM EXHIBIT B)

    $ 1,125,708.85
         

EXPENSES FOR THE MONTH (TOTAL FROM EXHIBIT C)

    $ 65,632.50
         

(Subtract Line C from Line B)

    CASH PROFIT FOR THE MONTH            $ 1,060,076.35
         

 

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UNPAID BILLS (Exhibit D)   
PLEASE ATTACH A LIST OF ALL DEBTS (INCLUDING TAXES) WHICH YOU HAVE INCURRED SINCE THE DATE YOU FILED BANKRUPTCY BUT HAVE NOT PAID. THE LIST MUST INCLUDE THE DATE THE DEBT WAS INCURRED, WHO IS OWED THE MONEY, THE PURPOSE OF THE DEBT AND WHEN THE DEBT IS DUE.   
TOTAL PAYABLES    $ 169.65
      
MONEY OWED TO YOU (Exhibit E)   
PLEASE ATTACH A LIST OF ALL AMOUNTS OWED TO YOU BY YOUR CUSTOMERS FOR WORK YOU HAVE DONE OR THE MERCHANDISE YOU HAVE SOLD. YOU SHOULD INCLUDE WHO OWES YOU MONEY, HOW MUCH IS OWED AND WHEN IS PAYMENT DUE.   
TOTAL RECEIVABLES    $ 520,520.78
      
BANKING INFORMATION (Exhibit F)   
PLEASE ATTACH A COPY OF YOUR LATEST BANK STATEMENT FOR EVERY ACCOUNT YOU HAVE AS OF THE DATE OF THIS FINANCIAL REPORT OR HAD DURING THE PERIOD COVERED BY THIS REPORT.   
EMPLOYEES   

NUMBER OF EMPLOYEES WHEN THE CASE WAS FILED?

      4
      
  
NUMBER OF EMPLOYEES AS OF THE DATE OF THIS MONTHLY REPORT?      2
      

 

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PROFESSIONAL FEES

 

   
BANKRUPTCY RELATED   
PROFESSIONAL FEES RELATING TO THE BANKRUPTCY CASE PAID DURING THIS REPORTING PERIOD?    $ 60,634.91
      
TOTAL PROFESSIONAL FEES RELATING TO THE BANKRUPTCY CASE PAID SINCE THE FILING OF THE CASE?    $ 1,495,583.06
      
NON-BANKRUPTCY RELATED:   
PROFESSIONAL FEES PAID NOT RELATING TO THE BANRUPTCY CASE PAID DURING THIS REPORTING PERIOD?    $ 0.00
      
TOTAL PROFESSIONAL FEES PAID NOT RELATING TO THE BANKRUPTCY CASE PAID DURING THIS REPORTING PERIOD?    $ 0.00
      

ADDITIONAL INFORMATION

PLEASE ATTACH THE BANKRUPTCY ADMINISTRATOR’S BALANCE SHEET, MONTHLY SALARY PAYMENTS TO OWNER(S) SCHEDULE (IF APPLICABLE) AND THE MONTHLY RENTAL INCOME WORKSHEET (IF APPLICABLE). ALSO ATTACH ANY FINANCIAL REPORTS (INCOME STATEMENT, STATEMENT OF CASH FLOWS, AND STATEMENT OF SHAREHOLDERS/PARTNER’S EQUITY) WHICH YOU PREPARE INTERNALLY.

 

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The Colonial BancGroup, Inc.

Attachment to Operating Report

2/1 – 2/28/2010

Financial Reports:

There were no internal financial reports prepared for the reporting period February 1 – February 28, 2010.

DISCLAIMER:

The Colonial BancGroup, Inc. (the “Debtor”) cautions investors and potential investors in the Debtor not to place undue reliance upon the information contained in this Monthly Operating Report, which was not prepared for the purpose of providing the basis of an investment decision relating to any of the securities of the Debtor. The Monthly Operating Report is limited in scope, covers a limited time period and has been prepared solely for the purpose of complying with the monthly operating requirements of the Bankruptcy Court and the Bankruptcy Administrator. The Monthly Operating Report was not audited or reviewed by independent accountants; does not purport to present the financial statements of the Debtor in accordance with generally accepted accounting principles; does not purport to present the market value of any of the Debtor’s assets or liabilities or the recoverability of any of those assets; is in a format prescribed by applicable bankruptcy law; and is subject to future adjustment and reconciliation. There can be no assurance that, from the perspective of an investor or potential investor in the Debtor’s securities, the Monthly Operating Report is accurate or complete. Results set forth in the Monthly Operating Report should not be viewed as indicative of future results. This disclaimer applies to all information contained herein. The Debtor reserves all rights to amend the results presented in this Monthly Operating Report.

On August 25, 2009 (the “Petition Date”), the Debtor commenced a voluntary case under Chapter 11 of title 11 of the United States Code with the United States Bankruptcy Court for the Middle District of Alabama. On or about August 14, 2009, of the Debtor’s wholly owned bank subsidiary, Colonial Bank, was closed by the Alabama State Banking Department, and the Federal Deposit Insurance Corporation (the “FDIC”) was appointed as receiver of Colonial Bank. Subsequent to the closure, Branch Banking & Trust Company (“BB&T”), in a transaction facilitated by the FDIC, acquired substantially all of the assets of Colonial Bank, including certain books and financial records jointly maintained by the Debtor and Colonial Bank that were seized by the FDIC and, on information and belief, transferred to the custody of BB&T. As a result, the Debtor is not in control of certain information relating to its pre-petition operations and financial affairs, including material accounting information. In addition, as of the date of the acquisition by BB&T, several employees of the Debtor became employees of BB&T. This Monthly Operating Report is prepared, in large part, based upon the information and work product made available to the Debtor by past employees of Colonial Bank and other third parties. The results set forth in this Monthly Operating Report are being investigated further and may vary from the results listed in this Monthly Operating Report.

 

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Monthly Operating Report - Exhibit A

EXHIBIT A

TAXES

IF ANY PAST DUE TAX RETURNS OR PAST DUE POST-PETITION TAX OBLIGATIONS EXIST, ATTACH A WRITTEN EXPLANATION, INCLUDING WHEN SUCH RETURNS WILL BE FILED, OR WHEN SUCH PAYMENTS WILL BE MADE AND THE SOURCE OF FUNDS FOR THE PAYMENTS (S).

See attached schedule

 

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The Colonial BancGroup, Inc.

Exhibit A

Taxes

The Colonial BancGroup, Inc. and subsidiaries were assessed certain final assessments of Financial Institution Excise Taxes by the State of Alabama on August 14, 2009 the date that Colonial Bank was placed into receivership. The tax assessments were for prior year tax returns which were timely filed. The parent company, Colonial BancGroup, disputes the taxes assessed and has filed a motion under Section 505.

Below is a summary of the State of Alabama assessments:

 

Tax Year

    Taxes and Interest
Amount

2007

    $ 2,887,050.82

2006

      2,534,635.98

2005

      752,747.01

2004

      99,050.34

2003

      535,322.43

2002

      739,371.74

2001

      1,533,170.71
      

total

    $ 9,081,349.03
      

The Colonial BancGroup, Inc.’s 2008 income tax returns have been filed for both federal and state taxes. Below is a summary of 2008 income tax refunds and income tax payables. Colonial BancGroup is unable to pay the income taxes due to Texas and Idaho because of the bankruptcy filing and the FDIC action causing a freeze on BancGroup’s cash accounts.

 

     Amount
Receivable (Payable)		  
Federal    $ 930,553.00   
State   
ID    $ (450.00 ) 
TN      73,552.00   
TX      (120,850.00 ) 
        
   $ 882,805.00   

Ongoing Tax Review

The Debtor has obtained Court approval to retain tax professionals regarding the Debtor’s tax obligations and potential refunds. Debtor anticipates filing amended returns requesting refunds from prior years. Any funds received will be deposited in a separate account and ownership will be subjected to Court determination.

 

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Monthly Operating Report - Exhibit B

EXHIBIT B

SUMMARY OF CASH ON HAND

ATTACH A LIST OF ALL INCOME RECEIVED FOR THE REPORTING PERIOD FROM CASH AND CREDIT TRANSACTIONS.

The U.S. Bankruptcy Administrator (MDAL) will not waive this requirement.

See attached schedule

 

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The Colonial BancGroup, Inc.

Exhibit B

Cash on Hand

 

Name of Account

        

Bank

   

Account Number

    Balance  

Colonial BancGroup, Inc. - DIP

      Sterling Bank    xxxxxx158-8    $ 244,197.97   

Colonial BancGroup, Inc. - DIP Account

      Regions Bank    xxxxxx6325    $ 1,657,038.26   

Colonial BancGroup, Inc. - DIP Account

      Regions Bank    xxxxxx6333      $250,209.54   

Petty Cash

         n/a    $ 0.00   
                
           $ 2,151,445.77   

The Colonial BancGroup, Inc. - DIP

      BB&T (Colonial Bank)    xxxxxx3234    $ 0.00 (2) 

The Colonial BancGroup, Inc. - DIP

      BB&T (Colonial Bank)    xxxxxx1127      12,958,207.89   

The Colonial BancGroup, Inc. - DIP

      BB&T (Colonial Bank)    xxxxxx5437      4,000,000.00   

The Colonial BancGroup, Inc. - DIP

      BB&T (Colonial Bank)    xxxxxx5460      5,091,170.82   

The Colonial BancGroup, Inc. - DIP

      BB&T (Colonial Bank)    xxxxxx5452      5,045,815.06   

The Colonial BancGroup, Inc. - DIP

      BB&T (Colonial Bank)    xxxxxx5445      2,282,904.24   

The Colonial BancGroup, Inc. - DIP

      BB&T (Colonial Bank)    xxxxxx3218      7,607,409.38   
                
           $ 36,985,507.39 (1) 
                

 

(1) On August 14, 2009, the FDIC placed a hold on all cash deposits of Colonial BancGroup. BancGroup is unable to access its cash deposits (except for those amounts released per bankruptcy court order). On September 30, 2009 $241,450.00 was transferred to the Sterling Bank Account, $200,000.00 to Parker Hudson Rainer & Dobbs and $90,000.00 to Balch & Bingham. On October 30, 2009 $458,550.00 was transferred to the Sterling Bank Account, $395,000.00 to Parker Hudson Rainer & Dobbs and $40,000.00 to Balch & Bingham.
(2) Account xxxxxx3234 closed in September, 2009.

Note: The cash summary does not include investments held in Schwab of approximately $1.9 million which may include some amount of cash.

 

Cash received during the reporting period 2/1 - 2/28/2010.   

Sale - SOAM Capital Partners

    $ 600,000.00

Sale - Prairie Capital

    $ 525,000.00

Interest on Regions Bank Accounts

    $ 708.85
      
   $ 1,125,708.85

 

  Note: Funds received from sale of partnerships were delivered to Counsel’s escrow account at closing. After payment of legal fees (noted on Ex. C) residual funds deposited to Regions Bankruptcy accounts in February.

 

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Monthly Operating Report - Exhibit C   form revised 05 27 2009

EXHIBIT C

EXPENSES

ATTACH A LIST OF ALL EXPENSES PAID FROM THE DEBTOR’S BANK ACCOUNTS FOR THE REPORTING PERIOD. INCLUDE THE DATE PAID, THE PAYEE, THE PURPOSE AND THE AMOUNT.

The U.S. Bankruptcy Administrator (MDAL) will not waive this requirement.

See attached schedule

 

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The Colonial BancGroup, Inc.

Exhibit C

Expenses Paid

 

Date Paid

    Check #   

Payee

    $ Amount   

Purpose

      Sterling Bank Account xxxxxx158-8      
2/1/2010    1007    FedEx    24.09    Shipping fees
2/3/2010    1032    US Bankruptcy Court/Bankruptcy Administrator    4,875.00    Fourth quarter, 2009 Fees
2/18/2010    1061    Burr & Forman, LLP    29,827.42    December fees and expenses
2/18/2010    1062    Void check    0.00    Void check
2/26/2010    1063    Void check    0.00    Void check
2/26/2010    1064    FedEx    72.92    Shipping fees
             
      Total payments from Sterling Account    34,799.43   
      Regions Bank Account xxxxxx6325      
2/19/2010       Harland Clarke    25.58    Check order
     

 

Note: Funds received from sale of partnerships were delivered to Counsel’s escrow account at closing. After payment of the legal fees listed below, residual funds deposited to Regions Bankruptcy accounts in February.

     

 

Parker, Hudson, Rainer & Dobbs, LLP

    30,807.49    Fees and expenses
         

Professional Fees Paid To Date

          
9/30/2009       Parker Hudson Rainer & Dobbs, LLP    200,000.00    Wire from Colonial Acct xxxxxx1127
9/30/2009       Balch & Bingham    90,000.00    Wire from Colonial Acct xxxxxx1127
10/30/2009       Parker Hudson Rainer & Dobbs, LLP    395,000.00    Wire from Colonial Acct xxxxxx1127
10/30/2009       Balch & Bingham    40,000.00    Wire from Colonial Acct xxxxxx1127
11/3/2009       Burr & Forman, LLP    122,500.00    Check #1004 from Sterling Acct xxxxxx158-8
11/4/2009       Shulte Roth & Zable, LLP    122,500.00    Wire from Sterling Acct xxxxxx158-8
Jan-10       Shulte Roth & Zable, LLP    198,329.66    Wire from PHRD Escrow Account
Jan-10       Parker Hudson Rainer & Dobbs, LLP    266,618.49    Retained from insurance refund proceeds
Feb-10       Parker Hudson Rainer & Dobbs, LLP    30,807.49    Retained from partnerships sale proceeds
2/18/2010       Burr & Forman, LLP    29,827.42    Check #1061 from Sterling Acct xxxxxx158-8
      Total Professional Fees Paid to Date    1,495,583.06   

 

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Monthly Operating Report - Exhibit D

EXHIBIT D

UNPAID BILLS

ATTACH A LIST OF ALL DEBTS (INCLUDING TAXES) INCURRED SINCE THE BANKRUPTCY FILING DATE BUT HAVE NOT BEEN PAID. THE LIST MUST INCLUDE THE DATE THE DEBT WAS INCURRED, THE NAME OF THE CREDITOR, THE PURPOSE OF THE DEBT AND WHEN THE DEBT IS DUE.

The U.S. Bankruptcy Administrator (MDAL) will not waive this requirement.

Debtor continues to review its obligations - see attached

 

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The Colonial BancGroup, Inc.

Exhibit D

Unpaid bills

A. Unpaid Invoices

 

Date incurred

   

Vendor Name

    $ Amount   

Due Date

   

Purpose

8/28/2009    BB&T      169.65    8/28/2009    error in reimbursement of expense
               
      $ 169.65      

Note: The Debtor has ongoing obligations for the payment of fees and expenses retained by both the Debtor and Creditor’s Committee, all of which are subject to Court approval.

B. Disputed Invoices

 

Date incurred

   

Vendor Name

    $ Amount    Due Date   

Purpose

September

    TITAN Technology Partners (Note)      —      9/30/2009    application service provider
               
      $ —        

 

  Note: TITAN Administrative Claim has been withdrawn per agreement filed for approval with the Court.

 

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Monthly Operating Report - Exhibit E

EXHIBIT E

MONEY OWED TO DEBTOR

ATTACH A LIST OF ALL AMOUNTS OWED TO THE DEBTOR BY CUSTOMERS FOR WORK COMPLETED OR MERCHANDISE SOLD. THE LIST MUST INCLUDE THE NAME OF THE CUSTOMER, THE AMOUNT OWED AND WHEN PAYMENT IS DUE.

The U.S. Bankruptcy Administrator (MDAL) will not waive this requirement.

Debtor continues to research other debtor receivables - see attached

 

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The Colonial BancGroup, Inc.

Exhibit E

Debtor Receivables

 

Receivable from the FDIC for expenses paid on behalf of Colonial Bank prior to 8/14/09

    $ 514,420.78

Note: The FDIC has notified the Debtor that it objects to this claim and the Debtor has therefore filed an act Federal District Court disputing this objection.

 

Receivables from Director’s for meetings not attended:

   

Lewis Beville

      600.00

Robert Craft

      5,500.00
      

Total Pre-petition Receivables

    $ 520,520.78

Note: While the Debtor does not have traditional trade accounts receivables, it does have intercompany receivables from its primary subsidiary, Colonial Bank. The above-referenced receivable from Colonial Ban primarily to expenses paid on behalf of Colonial Bank. The Debtor reserves the right to supplement this info based on obtaining access to information and documents that are currently under the control of the FDIC as of the receivership of Colonial Bank.

Please see Exhibit A re: anticipated tax refunds

 

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Monthly Operating Report - Exhibit F

EXHIBIT F

BANKING INFORMATION

When eFiling Exhibit F, please use the CM/ECF event:

Chapter 11 Exhibit F - Monthly Operating Report - Bank Statements (Private Entry)

ATTACH A COPY OF THE MOST RECENT BANK STATEMENT FOR EVERY ACCOUNT THE DEBTOR HAS AS OF THE DATE OF THIS FINANCIAL REPORT OR HAD DURING THE REPORTING PERIOD.

 

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Additional Information - Ch 11 Monthly Operating Report                                                                              form revised 03 13 09

BALANCE SHEET                            For the period ending:

      02/28/10       
            
ASSETS       
1. Cash       

Pre-petition bank accounts

    $ 36,985,507.39       
            

DIP General/business account

    $ 2,151,445.77       
            

DIP Payroll account

       
            

DIP Tax account

       
            

Other (including Cash on Hand)

       
            

Sub-total Cash

      $ 39,136,953.16     
            
2. Securities       
            
3. Accounts Receivable       

Pre-petition

    $ 520,520.78       
            

Post-petition

    $ 0.00       
            

Sub-total Accounts Receivable

      $ 520,520.78     
            
4. Office Supplies and Equipment      $ 0.00     
            
5. Inventory (Fair Market Value)      $ 0.00     
            
6. Other Current Assets      $ 0.00     
            
7. Prepaid Insurance      $ 0.00     
            

8. Long Term Assets ( including real property, heavy equipment, vehicles, etc. )

      $ 4,520,121.35     
            

9. TOTAL ASSETS

        $ 44,177,595.29   
            
LIABILITIES                 (include both pre-and post-petition debts)       
1. Accounts Payable       

Pre-petition

    $ 362,757.31       
            

Post-petition

    $ 169.65       
            

Sub-total Accounts Payable

      $ 362,926.96     
            
2. Short Term Notes Payable       

Pre-petition

       
            

Post-petition

       
            

Sub-total Short Term Notes Payable

       
            
3. Long Term Notes Payable       

Pre-petition

    $ 358,247,775.00       
            

Post-petition

       
            

Sub-total Long Term Notes Payable

      $ 358,247,775.00     
            
4. Taxes Payable       

Pre-petition

    $ (882,805.00 )     
            

Post-petition

       
            

Sub-total Taxes Payable

      $ (882,805.00 )   
            
5. Other Liabilities      $ 7,856,878.13     
            
6. TOTAL LIABILITIES        $ 365,584,775.09   
            
    EQUITY (Total Assets Less Total Liabilities)        $ (321,407,179.80 ) 
            

7. TOTAL LIABILITIES & EQUITY

        $ 44,177,595.29   
            

 

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Additional Information  

Balance Sheet/AP Pymts/

Salary Schedule/Rent Roll

Additional Information - Ch 11 Monthly Operating Report

Balance Sheet

Note: Debtor still without access to all its books and records which are controlled by the FDIC/BB&T. The debtor continues to request return of its records from the FDIC and will be able to update, as necessary, these financial statements upon access to its own records.

STATEMENT OF PAYMENTS MADE TO SECURED CREDITORS AND LESSORS

No payments for the reporting period 2/1 - 2/28/2010

 

1                                      Payee:                                                                                                                      
                                     Amount paid this period:                                              Check #:                           
Y    N    Amount included in Expenses
Y    N    Adequate protection payment
      Stated adequate protection payment amount                             
2                                      Payee:                                                                                                                      
                                     Amount paid this period:                                              Check #:                           
Y    N    Amount included in Expenses
Y    N    Adequate protection payment
      Stated adequate protection payment amount                             
3                                      Payee:                                                                                                                      
                                     Amount paid this period:                                              Check #:                           
Y    N    Amount included in Expenses
Y    N    Adequate protection payment
      Stated adequate protection payment amount                             
4                                      Payee:                                                                                                                      
                                     Amount paid this period:                                              Check #:                           
Y    N    Amount included in Expenses
Y    N    Adequate protection payment
      Stated adequate protection payment amount                             
5                                      Payee:                                                                                                                      
                                     Amount paid this period:                                              Check #:                           
Y    N    Amount included in Expenses
Y    N    Adequate protection payment
      Stated adequate protection payment amount                             
6                                      Payee:                                                                                                                      
                                     Amount paid this period:                                              Check #:                           
Y    N    Amount included in Expenses
Y    N    Adequate protection payment
      Stated adequate protection payment amount                             
7                                      Payee:                                                                                                                      
                                     Amount paid this period:                                              Check #:                           
Y    N    Amount included in Expenses
Y    N    Adequate protection payment
      Stated adequate protection payment amount                             
8                                      Payee:                                                                                                                      
                                     Amount paid this period:                                              Check #:                           
Y    N    Amount included in Expenses
Y    N    Adequate protection payment
      Stated adequate protection payment amount                             

 

Case 09-32303   Doc 636   Filed 03/19/10   Entered 03/19/10   09:57:15   Desc Main Document
Page 18 of 20

 

Additional Information  

Balance Sheet/AP Pymts/

Salary Schedule/Rent Roll

Additional payments made to secured creditors and lessors

No payments during the reporting period 2/1 - 2/28/2010

 

9                                      Payee:                                                                                                                      
                                     Amount paid this period:                                              Check #:                           
Y    N    Amount included in Expenses
Y    N    Adequate protection payment
      Stated adequate protection payment amount                             
10                                      Payee:                                                                                                                      
                                     Amount paid this period:                                              Check #:                           
Y    N    Amount included in Expenses
Y    N    Adequate protection payment
      Stated adequate protection payment amount                             
11                                      Payee:                                                                                                                      
                                     Amount paid this period:                                              Check #:                           
Y    N    Amount included in Expenses
Y    N    Adequate protection payment
      Stated adequate protection payment amount                             
12                                      Payee:                                                                                                                      
                                     Amount paid this period:                                              Check #:                           
Y    N    Amount included in Expenses
Y    N    Adequate protection payment
      Stated adequate protection payment amount                             
13                                      Payee:                                                                                                                      
                                     Amount paid this period:                                              Check #:                           
Y    N    Amount included in Expenses
Y    N    Adequate protection payment
      Stated adequate protection payment amount                             
14                                      Payee:                                                                                                                      
                                     Amount paid this period:                                              Check #:                           
Y    N    Amount included in Expenses
Y    N    Adequate protection payment
      Stated adequate protection payment amount                             
15                                      Payee:                                                                                                                      
                                     Amount paid this period:                                              Check #:                           
Y    N    Amount included in Expenses
Y    N    Adequate protection payment
      Stated adequate protection payment amount                             
16                                      Payee:                                                                                                                      
                                     Amount paid this period:                                              Check #:                           
Y    N    Amount included in Expenses
Y    N    Adequate protection payment
      Stated adequate protection payment amount                             

 

     TOTAL PAYMENTS MADE TO SECURED CREDITORS AND LESSORS     
           

 

Case 09-32303   Doc 636   Filed 03/19/10   Entered 03/19/10   09:57:15   Desc Main Document
Page 19 of 20

 

Additional Information  

Balance Sheet/AP Pymts/

Salary Schedule/Rent Roll

Monthly Salary Payment to Owner(s)

No payments during the reporting period 2/1 - 2/28/2010.

 

Debtor(s)

    Stated
Amount		    Amount Paid    Transaction
Number		    Amount Past Due
           
           
           
           
           
                 

TOTAL

            
                 

 

Monthly Rental Income Worksheet   for the month ending                        

No payments during the reporting period 2/1 - 2/28/2010

 

Property Description

    Written
Contract*		    Contract
Expiration
Date		    Contracted
Monthly Rental
Payment		    Rental Amount
Past Due		    Rental Amount
Received this
Month		    Mortgage
Amount
Paid by
Debtor(s)**
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                         

Monthly Totals

            
                         
* (N) No Contract, (L) Lease or (DF) Debtor Financed under a Rent to Own, Bond for Title or similar contract
** Per Order for Adequate Protection or Use of Cash Collateral

 

Case 09-32303   Doc 636   Filed 03/19/10   Entered 03/19/10   09:57:15   Desc Main Document
Page 20 of 20

 

Additional Information  

Balance Sheet/AP Pymts/

Salary Schedule/Rent Roll