mm02-0110_8ke991mor.htm

EX-99.1 2 mm02-0110_8ke991mor.htm EX.99.1 - MONTHLY OPERATING REPORT mm02-0110_8ke991mor.htm

EXHIBIT 99.1

UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
	Chapter 11
In Re: Advanta Corp., et al.	Case No. 09-13931 (KJC)
Debtors	Reporting Period: December 1, 2009 to December 31, 2009

MONTHLY OPERATING REPORT


Required Documents		Form No.	Document Attached	Explanation Attached	Affidavit/Supp. Attached
Schedule of Cash Receipts and Disbursements		MOR-1	X
	Bank Reconciliation (or copies of debtors bank reconciliations)	MOR-1a			X
	Schedule of Professional Fees Paid	MOR-1b	X
	Copies of bank statements
	Cash disbursements journals		X
Statements of Operations
	For the Reporting Period	MOR-2a	X
	For the Period from Petition Date through End of Reporting Period	MOR-2b	X
Balance Sheets
	As of End of Current Reporting Period	MOR-3a	X
	As of Petition Date	MOR-3b	X
Status of Postpetition Taxes		MOR-4	X		X
	Copies of IRS Form 6123 or payment receipt
	Copies of tax returns filed during reporting period
Summary of Unpaid Postpetition Debts		MOR-4	X
	Listing of aged accounts payable	MOR-4	X
Accounts Receivable Reconciliation and Aging		MOR-5	X
Debtor Questionnaire		MOR-5	X		X

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

/s/ Philip M. Browne		1/29/10
Signature of Authorized Individual*		Date

Philip M. Browne		Chief Financial Officer
Printed Name of the Authorized Individual		Title of Authorized Individual

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

MOR-1a

United States Bankruptcy Court
District of Delaware
		Chapter 11
In Re: Advanta Corp., et al.	SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS	Case No. 09-13931 (KJC)
Debtors		Reporting Period: December 1, 2009 to December 31, 2009

Debtor		Advanta Corp.			Advanta Business Services Holding Corp.		Corp. Pledge			Advanta Service Corp.		Advanta Business Services Corp.		Advanta Shared Services Corp.			Advanta Finance Corp.		Advanta Mortgage Holding Co.		Corp. USA
Cash - Beginning of Reporting Period		$	102,173,910		$	5,817	$	57,677		$	1,644	$	842,656	$	542,274		$	4,990	$	90	$	49,990
Receipts
Receivable Receipts			2,665,072												-
Class D Interest			-			190,456									-
Investment Receipts			2,631												-
Reimbursements			-												-
C/O Sale			147,823												-
Mgmt Fee			216,273												1,350,470
Misc Receipts			116,902												9,667
Tax Refund			1,469,206												-
Payroll Transfer from Non-Debtor	A		496,397												-
Total Receipts			5,114,305			190,456		-			-		-		1,360,136			-		-		-

Unrealized gain / (loss) on investment			(22,312	)

Transfers In / (Out)	B		(23,652,131	)		25,000,000		(57,677	)		-		-		(1,238,195	)		-		-		-

Disbursements
Salaries & Wages	A		1,064,903												-
Tax & Fringe			260,116												129,117
Other Employee Benefits			18,785												-
401K Funding			20,637												-
Office Rental			207,587												-
Business Taxes / Licenses			33,450												-
Consultant Fees			59,931												-
PA Sales Tax			418												-
Parent Funding Fees			163,169												-
Bank Service Charge			247			10									180
Telecommunications			18,172												-
Travel & Entertainment			40,858												-
Repair, Maintenance & Supplies			171,794												-
Equipment Rental			12,056												-
Office Supplies			1,609												-
Postage			18,531												-
Utilities			54,296												-
Other Miscellaneous			50,262												-
Redi Reserve			-												-
Total Disbursements			2,196,821			10		-			-		-		129,297			-		-		-

Net Cash Flow			(20,734,647	)		25,190,446		(57,677	)		-		-		(7,356	)		-		-		-

Cash - End of Reporting Period		$	81,416,951		$	25,196,263	$	-		$	1,644	$	842,656	$	534,918		$	4,990	$	90	$	49,990

Notes:
	A.	Payroll is funded and distributed out of one account within Advanta Corp. for both the debtor and non-debtor entities. Receipts from non-debtor entities are $829,293 while distributions from non-debtor entities are $496,208.
	B.	Transfers In/Out do not net to zero in total due to an account closure near month-end. The $6,296 check for the balance was not received by December 31, 2009 and was deposited in January 2010.

MOR-1

United States Bankruptcy Court
District of Delaware
		Chapter 11
In Re: Advanta Corp., et al.	SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS	Case No. 09-13931 (KJC)
Debtors		Reporting Period: December 1, 2009 to December 31, 2009

Debtor		Advanta Investment Corp.		Advanta Auto Finance Corp.			Advanta Advertising Inc.		Advanta Credit Card Rec Corp.			Advanta Ventures Inc.		Advantennis Corp.		ideablob Corp.			BizEquity Corp.			Great Expectations Franchise Corp.			Great Expectations Int'l Corp.			Total
Cash - Beginning of Reporting Period		$	4,990	$	79,552		$	990	$	21,211		$	90	$	61,447	$	93,577		$	31,350		$	1,153		$	4,360		$	103,977,769
Receipts
Receivable Receipts					-					-							-												2,665,072
Class D Interest					-					-							-												190,456
Investment Receipts					-					-							-												2,631
Reimbursements					-					-							-												-
C/O Sale					-					-							-												147,823
Mgmt Fee					-					-							-												1,566,743
Misc Receipts					548					-							862												127,979
Tax Refund					-					-							-												1,469,206
Payroll Transfer from Non-Debtor	A				-					-							-												496,397
Total Receipts			-		548			-		-			-		-		862			-			-			-			6,666,308

Unrealized gain / (loss) on investment																													(22,312	)

Transfers In / (Out)	B		-		(27	)		-		-			-		-		(34,941	)		(23,326	)		-			-			(6,296	)

Disbursements
Salaries & Wages	A				-					-							-												1,064,903
Tax & Fringe					-					-							-												389,233
Other Employee Benefits					-					-							-												18,785
401K Funding					-					-							-												20,637
Office Rental					-					-							-												207,587
Business Taxes / Licenses					-					-							-												33,450
Consultant Fees					-					-							-												59,931
PA Sales Tax					-					-							-												418
Parent Funding Fees					-					-							-												163,169
Bank Service Charge					-					63							91												590
Telecommunications					-					-							-												18,172
Travel & Entertainment					-					-							-												40,858
Repair, Maintenance & Supplies					-					-							-												171,794
Equipment Rental					-					-							-												12,056
Office Supplies					-					-							-												1,609
Postage					-					-							-												18,531
Utilities					-					-							-												54,296
Other Miscellaneous					-					10							120						339			914			51,645
Redi Reserve					-					-							-												-
Total Disbursements			-		-			-		73			-		-		211			-			339			914			2,327,665

Net Cash Flow			-		521			-		(73	)		-		-		(34,289	)		(23,326	)		(339	)		(914	)		4,332,347

Cash - End of Reporting Period		$	4,990	$	80,074		$	990	$	21,138		$	90	$	61,447	$	59,288		$	8,025		$	815		$	3,446		$	108,287,803

Notes:
	A.	Payroll is funded and distributed out of one account within Advanta Corp. for both the debtor and non-debtor entities. Receipts from non-debtor entities are $829,293 while distributions from non-debtor entities are $496,208.
	B.	Transfers In/Out do not net to zero in total due to an account closure near month-end. The $6,296 check for the balance was not received by December 31, 2009 and was deposited in January 2010.

MOR-1

United States Bankruptcy Court
District of Delaware
		Chapter 11
In Re: Advanta Corp., et al.		Case No. 09-13931 (KJC)
Debtors		Reporting Period: December 1, 2009 to December 31, 2009

CASH DISBURSEMENTS JOURNALS
Debtor		Case No.	Nov		Dec		Quarterly Disb.		Fees
Advanta Corp.		09-13931 (KJC)
Total Disbursements				457,923		935,860		1,393,783
	Less: Transfers to Debtor in Possession Accounts			-		-		-
	Plus: Estate Disbursements Made by Outside Sources			-		-		-
Total Disbursements For Calculating U.S. Trustee Quarterly Fees			$	457,923	$	935,860	$	1,393,783	$	6,500


Debtor		Case No.	Nov		Dec		Quarterly Disb.		Fees
Advanta Shared Services Corp.		09-13934 (KJC)
Total Disbursements				152,496		825,810		978,306
	Less: Transfers to Debtor in Possession Accounts			-		-		-
	Plus: Estate Disbursements Made by Outside Sources			-		-		-
Total Disbursements For Calculating U.S. Trustee Quarterly Fees			$	152,496	$	825,810	$	978,306	$	4,875


Debtor		Case No.	Nov		Dec		Quarterly Disb.		Fees
Advanta Credit Card Rec Corp.		09-14127 (KJC)
Total Disbursements				-		73		73
	Less: Transfers to Debtor in Possession Accounts			-		-		-
	Plus: Estate Disbursements Made by Outside Sources			-		-		-
Total Disbursements For Calculating U.S. Trustee Quarterly Fees			$	-	$	73	$	73	$	325


Debtor		Case No.	Nov		Dec		Quarterly Disb.		Fees
Advanta Business Serv Holding Corp.		09-13935 (KJC)
Total Disbursements				-		80		80
	Less: Transfers to Debtor in Possession Accounts			-		-		-
	Plus: Estate Disbursements Made by Outside Sources			-		-		-
Total Disbursements For Calculating U.S. Trustee Quarterly Fees			$	-	$	80	$	80	$	325


Debtor		Case No.	Nov		Dec		Quarterly Disb.		Fees
BizEquity Corp.		09-14130 (KJC)
Total Disbursements				-		42,054		42,054
	Less: Transfers to Debtor in Possession Accounts			-		-		-
	Plus: Estate Disbursements Made by Outside Sources			-		-		-
Total Disbursements For Calculating U.S. Trustee Quarterly Fees			$	-	$	42,054	$	42,054	$	650


Debtor		Case No.	Nov		Dec		Quarterly Disb.		Fees
ideablob Corp.		09-14129 (KJC)
Total Disbursements				4,575		26,327		30,902
	Less: Transfers to Debtor in Possession Accounts			-		-		-
	Plus: Estate Disbursements Made by Outside Sources			-		-		-
Total Disbursements For Calculating U.S. Trustee Quarterly Fees			$	4,575	$	26,327	$	30,902	$	650


Debtor		Case No.	Nov		Dec		Quarterly Disb.		Fees
Great Expectations Franchise Corp.		09-13936 (KJC)
Total Disbursements				278		914		1,192
	Less: Transfers to Debtor in Possession Accounts			-		-		-
	Plus: Estate Disbursements Made by Outside Sources			-		-		-
Total Disbursements For Calculating U.S. Trustee Quarterly Fees			$	278	$	914	$	1,192	$	325


Debtor		Case No.	Nov		Dec		Quarterly Disb.		Fees
Great Expectations International Inc.		09-13945 (KJC)
Total Disbursements				336		339		675
	Less: Transfers to Debtor in Possession Accounts			-		-		-
	Plus: Estate Disbursements Made by Outside Sources			-		-		-
Total Disbursements For Calculating U.S. Trustee Quarterly Fees			$	336	$	339	$	675	$	325


Debtor		Case No.	Nov		Dec		Quarterly Disb.		Fees
Total
Total Disbursements*				615,608		1,831,457		2,447,065
	Less: Transfers to Debtor in Possession Accounts			-		-		-
	Plus: Estate Disbursements Made by Outside Sources			-		-		-
Total Disbursements For Calculating U.S. Trustee Quarterly Fees			$	615,608	$	1,831,457	$	2,447,065	$	13,975


	The following debtors have zero disbursements during the period:
	Debtor Name	Debtor Case No.
	Advanta Service Corp.	09-13932 (KJC)							$	325
	Advanta Business Services Corp.	09-13933 (KJC)							$	325
	Advanta Mortgage Corp. USA	09-13937 (KJC)							$	325
	Advanta Mortgage Holding Company	09-13938 (KJC)							$	325
	Advanta Auto Finance Corporation	09-13939 (KJC)							$	325
	Advantatennis Corp.	09-13941 (KJC)							$	325
	Advanta Investment Corp.	09-13942 (KJC)							$	325
	Advanta Advertising Inc.	09-13943 (KJC)							$	325
	Advanta Finance Corp.	09-13944 (KJC)							$	325
	Advanta Ventures Inc.	09-14125 (KJC)							$	325
	Great Expectations Management Corp.	09-13940 (KJC)							$	325

							TOTAL FEES		$	17,550

* Disbursements differ from the schedule of cash receipts and disbursements due to payroll disbursements for non-debtor entities of $496,208 as mentioned in note A on MOR-1.

MOR-1

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In Re:		Chapter 11
Advanta Corp., et al.		Case No. 09-13931 (KJC)
Debtors		Reporting Period: December 1, 2009 to December 31, 2009

Debtors Statement with Respect to Bank Account Reconciliations, Bank Statements and Bank Accounts

For the Period From December 1, 2009 to December 31, 2009

Bank Account Reconciliations

The Debtors affirm that bank reconciliations were prepared for all open and active Debtor bank accounts as of December 31, 2009.

Bank Statements and Bank Accounts

The Debtors affirm that bank statements for all open and active bank accounts are retained by the Debtors. The Debtors affirm that the following bank accounts were opened during the current reporting period:

Debtor	Bank/Institution	Balance at December 31, 2009		Date Opened
Advanta Corp.	Dreyfus Treasury Prime Cash Management (account ######4719)	$	67,453,577.13	12/22/09

Attached is a list of Debtors’ bank accounts and balances as of December 31, 2009.

MOR-1a

United States Bankruptcy Court
District of Delaware
In Re: Advanta Corp., et al.	Chapter 11
Debtors	Case No. 09-13931 (KJC)
	Reporting Period: December 1, 2009 through December 31, 2009

List of Bank Accounts for Debtor Entities
		December 31, 2009
Advanta Corp. Accounts	Bank	Bank Balance
Master Concentration (#XXX2271)	Republic First Bank	$	9,925,566.02
Accounts Payable (#XXX2328)	Republic First Bank		298,552.75
Investment Notes Online Draft (#XXX1593)	Republic First Bank		0.01
Investment Notes Batch Checks (#XXX1607)	Republic First Bank		2,658.40
Official Check Funding (#XXX1216)	Republic First Bank		2,441,755.10
Care Assistance (#XXX2336)	Republic First Bank		149,486.36
ACH Taxes (#XXX2344)	Republic First Bank		0.01
Utilities Escrow Account (#XXX5890)	Republic First Bank		29,000.00
Wachovia Payroll Account (#XXXXXXXXX7257)	Wachovia		16,657.21
Wachovia Foreign Exchange Wires (#XXXXXXXXX2709)	Wachovia		20,590.66

Total Advanta Corp.			12,884,266.52

Entity Level Accounts
Advanta Shared Services Corp. (#XXX3235)	Republic First Bank		534,918.29
Advanta Credit Card Receivables Corp. (#XXX3332)	Republic First Bank		21,137.70
Advanta Advertising (#XXX3006)	Republic First Bank		990.00
Advanta Auto Finance (#XXX3014)	Republic First Bank		80,073.66
Advanta Business Services Corp. (#XXX3030)	Republic First Bank		842,655.56
Advanta Business Services Holding Corp. (#XXX3049)	Republic First Bank		25,196,263.48
Advanta Finance Corp. (#XXX3065)	Republic First Bank		4,990.00
Advanta Investment Corp. (#XXX3189)	Republic First Bank		4,990.00
Advanta Mortgage Corp. USA (#XXX3200)	Republic First Bank		49,990.00
Advanta Mortgage Holding Corp. (#XXX3219)	Republic First Bank		90.00
Advanta Service Corp. (#XXX3227)	Republic First Bank		1,643.73
Advanta Ventures Inc. (#XXX3391)	Republic First Bank		90.00
Advantennis Corp. (#XXX3243)	Republic First Bank		61,446.51
BizEquity Corp. (#XXX3286)	Republic First Bank		8,024.56
ideablob Corp. (#XXX3251)	Republic First Bank		59,288.29
Great Expectations Int'l Inc. (#XXXXXXX3439)	PNC		814.72
Great Expectations Franchise Corp. (#XXXXXX3471)	PNC		3,445.60

Total Entity Level			26,870,852.10

Ending Bank Cash Balance		$	39,755,118.62

Investment Accounts (all Advanta Corp.)
CRA Advisors (#XXXXXXX5289)		$	1,079,107.50
Dreyfus Fund 761 (######4719)			67,453,577.13

Total Investment Accounts		$	68,532,684.63

Ending Cash & Investments		$	108,287,803.25

MOR-1a

United States Bankruptcy Court

District of Delaware

In Re: Advanta Corp., et al.	Chapter 11
Debtors	Case No. 09-13931 (KJC)
	Reporting Period: December 1, 2009 to December 31, 2009

Schedule of Section 327 Professional Fees and Expenses Paid
				Check		Amount Paid		Year-To-Date
Payee	Period Covered	Amount Approved	Payor	Number	Date	Fees	Expenses	Fees	Expenses
No payments during reporting period

MOR-1b

United States Bankruptcy Court
District of Delaware
	Chapter 11
In Re: Advanta Corp., et al.	Case No. 09-13931 (KJC)
Debtors	Reporting Period: December 1, 2009 through December 31, 2009

INCOME STATEMENTS
FOR THE MONTH ENDED DECEMBER 31, 2009
(Unaudited)

(In thousands)	Advanta Corp.			Advanta Business Services Holding Corp.		Advanta Business Services Corp.		Advanta Shared Services Corp.			Advanta Service Corp.			Advanta Advertising Inc.			Advantennis Corp.			Advanta Investment Corp.		Advanta Mortgage Holding Co.

Net interest income	$	27		$	21	$	0	$	0		$	0		$	0		$	0		$	0	$	0

Provision for credit losses		0			0		0		0			0			0			0			0		0

Net interest income after
provision for credit losses		27			21		0		0			0			0			0			0		0

Noninterest revenues (losses):
Securitization income (loss)		0			2,166		0		0			0			0			0			0		0
Other revenues, net:
Insurance revenues, net		0			0		0		0			0			0			0			0		0
Equity in earnings of subs		(81,319	)		0		0		0			0			(2,221	)		0			0		1
Intercompany management fees		51			0		0		1,958			0			0			0			0		0
Other noninterest revenue		19			0		0		0			0			0			0			0		0
Total other revenues, net		(81,249	)		0		0		1,958			0			(2,221	)		0			0		1

Total noninterest revenues (losses)		(81,249	)		2,166		0		1,958			0			(2,221	)		0			0		1

Operating expenses:
Personnel expense		(1,453	)		0		0		538			0			0			0			0		0
External processing		0			0		0		(10	)		0			0			0			0		0
Advertising expense		0			0		0		7			0			0			221			0		0
Postage expense		1			0		0		1			0			0			0			0		0
Professional fees		0			0		0		75			0			0			0			0		0
Consultant fees		(2	)		0		0		11			0			0			0			0		0
Equipment expense		8			0		0		200			0			0			0			0		0
Telephone expense		5			0		0		12			0			0			0			0		0
Occupancy expense		0			0		0		660			0			0			0			0		0
Intercompany servicing fees		1,535			0		0		0			0			0			0			0		0
Other expenses		180			0		0		(330	)		0			0			2,000			0		0
Total operating expenses		273			0		0		1,164			1			0			2,221			0		0


Reorg. exp. - Professional fees (A)		1,126			0		0		100			0			0			0			0		0
Reorg. exp. - Severance		338			0		0		(2	)		0			0			0			0		0
Reorg. exp. - Trustee quarterly fees		4			0		0		0			0			0			0			0		0
Reorg. exp. - Other		5			0		0		0			0			0			0			0		0
Reorganization items		1,474			0		0		98			0			0			0			0		0

Pretax income (loss)		(82,969	)		2,187		0		695			(1	)		(2,221	)		(2,221	)		0		1

Income tax expense (benefit)		(50,272	)		0		0		0			0			0			0			0		0

Net income (loss)	$	(32,696	)	$	2,187	$	0	$	695		$	(1	)	$	(2,221	)	$	(2,221	)	$	0	$	1

Note: The Income Statements were prepared on an accrual basis and include the financial results for the Debtor entities. The statements do not eliminate intercompany revenues, costs or management fees. These Income Statements do not include the financial results of non-debtor entities controlled by the Debtors and therefore, do not represent the consolidated financial results of Advanta Corp.

(A) Reorg. exp. - Professional fees for Advanta Shared Services Corp. include an estimated $54 thousand of audit fees paid on behalf of non-debtor subsidiaries of Advanta Corp., which are reimbursed via intercompany management fees.

MOR-2a

United States Bankruptcy Court
District of Delaware
	Chapter 11
In Re: Advanta Corp., et al.	Case No. 09-13931 (KJC)
Debtors	Reporting Period: December 1, 2009 through December 31, 2009

INCOME STATEMENTS
FOR THE MONTH ENDED DECEMBER 31, 2009
(Unaudited)

(In thousands)	Advanta Auto Finance Corp.		Advanta Mortgage Corp. USA		Advanta Finance Corp.		Advanta Credit Card Rec. Corp.			Advanta Ventures Inc.			BizEquity Corp.			ideablob Corp.			Great Expectations Int'l Inc.			Great Expectations Franchise Corp.			Great Expectations Mgmt. Corp.

Net interest income	$	0	$	0	$	0	$	662		$	0		$	0		$	0		$	0		$	0		$	0

Provision for credit losses		0		0		0		(1,175	)		0			0			0			0			0			0

Net interest income after
provision for credit losses		0		0		0		1,837			0			0			0			0			0			0

Noninterest revenues (losses):
Securitization income (loss)		0		0		0		0			0			0			0			0			0			0
Other revenues, net:
Insurance revenues, net		0		0		0		4			0			0			0			0			0			0
Equity in earnings of subs		0		0		0		0			(148	)		0			0			(1	)		0			0
Intercompany management fees		0		0		0		0			0			0			0			0			0			0
Other noninterest revenue		1		0		0		6			0			0			0			0			0			0
Total other revenues, net		1		0		0		10			(148	)		0			0			(1	)		0			0

Total noninterest revenues (losses)		1		0		0		10			(148	)		0			0			(1	)		0			0

Operating expenses:
Personnel expense		0		0		0		0			0			(26	)		(92	)		0			0			0
External processing		0		0		0		0			0			0			0			0			1			0
Advertising expense		0		0		0		0			0			(3	)		(0	)		0			0			0
Postage expense		0		0		0		0			0			0			0			0			0			0
Professional fees		0		0		0		0			0			0			0			0			0			0
Consultant fees		0		0		0		0			0			14			1			0			0			0
Equipment expense		0		0		0		0			0			48			0			0			0			0
Telephone expense		0		0		0		0			0			0			(1	)		0			0			0
Occupancy expense		0		0		0		0			0			0			0			0			0			0
Intercompany servicing fees		0		0		0		165			0			0			0			0			0			0
Other expenses		0		0		0		0			0			52			(2	)		0			0			0
Total operating expenses		0		0		0		165			0			84			(93	)		0			1			0


Reorg. exp. - Professional fees		0		0		0		0			0			0			0			0			0			0
Reorg. exp. - Severance		0		0		0		0			0			60			97			0			0			0
Reorg. exp. - Trustee quarterly fees		0		0		0		0			0			0			0			0			0			0
Reorg. exp. - Other		0		0		0		0			0			0			0			0			0			0
Reorganization items		0		0		0		0			0			60			97			0			0			0

Pretax income (loss)		1		0		0		1,682			(148	)		(144	)		(4	)		(1	)		(1	)		0

Income tax expense (benefit)		0		0		0		0			0			0			0			0			0			0

Net income (loss)	$	1	$	0	$	0	$	1,682		$	(148	)	$	(144	)	$	(4	)	$	(1	)	$	(1	)	$	0

These Income Statements do not include the financial results of non-debtor entities controlled by the Debtors and therefore, do not represent the consolidated financial results of Advanta Corp.

MOR-2a

United States Bankruptcy Court
District of Delaware
	Chapter 11
In Re: Advanta Corp., et al.	Case No. 09-13931 (KJC)
Debtors	Reporting Period: December 1, 2009 through December 31, 2009

INCOME STATEMENTS
FOR THE PERIOD FROM PETITION DATE THROUGH DECEMBER 31, 2009
(Unaudited)

(In thousands)	Advanta Corp.			Advanta Business Services Holding Corp.		Advanta Business Services Corp.		Advanta Shared Services Corp.			Advanta Service Corp.			Advanta Advertising Inc.			Advantennis Corp.			Advanta Investment Corp.			Advanta Mortgage Holding Co.

Interest income	$	106			33		0	$	0			0			0			0			0			0

Interest expense		0			0		0		0			0			0			0			0			0

Net interest income	$	106		$	33	$	0	$	0		$	0		$	0		$	0		$	0		$	0

Provision for credit losses		0			0		0		0			0			0			0			0			0

Net interest income after
provision for credit losses		106			33		0		0			0			0			0			0			0

Noninterest revenues (losses):
Securitization income (loss)		0			2,050		0		0			0			0			0			0			0
Other revenues, net:
Insurance revenues, net		0			0		0		0			0			0			0			0			0
Equity in earnings of subs		(102,226	)		22		0		0			0			(2,383	)		0			(0	)		1
Intercompany management fees		91			0		0		3,259			0			0			0			0			0
Other noninterest revenue		20			0		23		0			0			0			0			0			0
Total other revenues, net		(102,115	)		22		23		3,259			0			(2,383	)		0			(0	)		1

Total noninterest revenues (losses)		(102,115	)		2,073		23		3,259			0			(2,383	)		0			(0	)		1

Operating expenses:
Personnel expense		(781	)		0		0		784			0			0			0			0			0
External processing		0			0		0		(6	)		0			0			0			0			0
Advertising expense		1			0		0		7			0			0			383			0			0
Postage expense		1			0		0		1			0			0			0			0			0
Professional fees		0			0		0		117			0			0			0			0			0
Consultant fees		102			0		0		14			0			0			0			0			0
Equipment expense		8			0		0		261			0			0			0			0			0
Telephone expense		5			0		0		13			0			0			0			0			0
Occupancy expense		0			0		0		735			0			0			0			0			0
Intercompany servicing fees		2,512			0		0		0			0			0			0			0			0
Other expenses		334			0		0		361			0			0			2,000			0			0
Total operating expenses		2,183			0		0		2,288			1			0			2,383			0			0


Reorg. exp. - Professional fees (A)		1,651			0		0		200			0			0			0			0			0
Reorg. exp. - Severance		520			0		0		76			0			0			0			0			0
Reorg. exp. - Trustee quarterly fees		8			0		0		0			0			0			0			0			0
Reorg. exp. - Other		5			0		0		0			0			0			0			0			0
Reorganization items		2,184			0		0		276			0			0			0			0			0

Pretax income (loss)		(106,376	)		2,106		22		695			(1	)		(2,383	)		(2,383	)		(0	)		1

Income tax expense (benefit)		(50,272	)		0		0		0			0			0			0			0			0

Net income (loss)	$	(56,104	)	$	2,106	$	22	$	695		$	(1	)	$	(2,383	)	$	(2,383	)	$	(0	)	$	1

include the financial results of non-debtor entities controlled by the Debtors and therefore, do not represent the consolidated financial results of Advanta Corp.

(A) Reorg. exp. - Professional fees for Advanta Shared Services Corp. include an estimated $108 thousand of audit fees paid on behalf of non-debtor subsidiaries of Advanta Corp., which are reimbursed via intercompany management fees.

MOR-2b

United States Bankruptcy Court
District of Delaware
	Chapter 11
In Re: Advanta Corp., et al.	Case No. 09-13931 (KJC)
Debtors	Reporting Period: December 1, 2009 through December 31, 2009

INCOME STATEMENTS
FOR THE PERIOD FROM PETITION DATE THROUGH DECEMBER 31, 2009
(Unaudited)

(In thousands)	Advanta Auto Finance Corp.		Advanta Mortgage Corp. USA		Advanta Finance Corp.		Advanta Credit Card Rec. Corp.			Advanta Ventures Inc.			BizEquity Corp.			ideablob Corp.			Great Expectations Int'l Inc.			Great Expectations Franchise Corp.			Great Expectations Mgmt. Corp.

Interest income		0		0		0		662			0			0			0			0			0			0

Interest expense		0		0		0		53			0			0			0			0			0			0

Net interest income	$	0	$	0	$	0	$	609		$	0		$	0		$	0		$	0		$	0		$	0

Provision for credit losses		0		0		0		612			0			0			0			0			0			0

Net interest income after
provision for credit losses		0		0		0		(2	)		0			0			0			0			0			0

Noninterest revenues (losses):
Securitization income (loss)		0		0		0		0			0			0			0			0			0			0
Other revenues, net:
Insurance revenues, net		0		0		0		8			0			0			0			0			0			0
Equity in earnings of subs		0		0		0		0			(206	)		0			0			(1	)		0			0
Intercompany management fees		0		0		0		0			0			0			0			0			0			0
Other noninterest revenue		1		0		0		5			0			0			0			0			0			0
Total other revenues, net		1		0		0		14			(206	)		0			0			(1	)		0			0

Total noninterest revenues (losses)		1		0		0		14			(206	)		0			0			(1	)		0			0

Operating expenses:
Personnel expense		0		0		0		0			0			(21	)		(79	)		0			0			0
External processing		0		0		0		0			0			0			0			1			1			0
Advertising expense		0		0		0		0			0			2			0			0			0			0
Postage expense		0		0		0		0			0			0			0			0			0			0
Professional fees		0		0		0		0			0			0			0			0			0			0
Consultant fees		0		0		0		0			0			22			1			0			0			0
Equipment expense		0		0		0		0			0			62			0			0			0			0
Telephone expense		0		0		0		0			0			0			(1	)		0			0			0
Occupancy expense		0		0		0		0			0			0			0			0			0			0
Intercompany servicing fees		0		0		0		224			0			0			0			0			0			0
Other expenses		0		0		0		0			0			55			7			0			0			0
Total operating expenses		0		0		0		224			0			121			(71	)		1			1			0


Reorg. exp. - Professional fees		0		0		0		0			0			0			0			0			0			0
Reorg. exp. - Severance		0		0		0		0			0			60			97			0			0			0
Reorg. exp. - Trustee quarterly fees		0		0		0		0			0			0			0			0			0			0
Reorg. exp. - Other		0		0		0		0			0			0			0			0			0			0
Reorganization items		0		0		0		0			0			60			97			0			0			0

Pretax income (loss)		1		0		0		(213	)		(206	)		(180	)		(26	)		(2	)		(1	)		0

Income tax expense (benefit)		0		0		0		0			0			0			0			0			0			0

Net income (loss)	$	1	$	0	$	0	$	(213	)	$	(206	)	$	(180	)	$	(26	)	$	(2	)	$	(1	)	$	0

These Income Statements do not include the financial results of non-debtor entities controlled by the Debtors and therefore, do not represent the consolidated financial results of Advanta Corp.

MOR-2b

United States Bankruptcy Court
District of Delaware
	Chapter 11
In Re: Advanta Corp., et al.	Case No. 09-13931 (KJC)
Debtors	Reporting Period: December 1, 2009 through December 31, 2009

BALANCE SHEETS

AS OF DECEMBER 31, 2009

(Unaudited)

(In thousands)	Advanta Corp.			Advanta Business Services Holding Corp.			Advanta Business Services Corp.		Advanta Shared Services Corp.			Advanta Service Corp.			Advanta Advertising Inc.			Advantennis Corp.			Advanta Investment Corp.			Advanta Mortgage Holding Co.
ASSETS
Cash:
Intercompany cash	$	24		$	0		$	0	$	0		$	0		$	0		$	0		$	0		$	0
External cash		9,576			25,387			843		677			2			1			61			5			0
Total cash		9,599			25,387			843		677			2			1			61			5			0
Intercompany restricted
interest-bearing deposits		1,200			0			0		0			0			0			0			0			0
Investments available for sale		70,670			0			0		0			0			0			0			0			0
Receivables, net		1,587			0			0		0			0			0			0			0			0
Accounts receivable from securitizations		0			7,052			0		0			0			0			0			0			0
Premises and equipment:
Premises and equipment, gross		520			0			0		18,107			653			0			0			0			0
Accumulated depreciation		(358	)		0			0		(11,516	)		(638	)		0			0			0			0
Premises and equipment, net		162			0			0		6,591			15			0			0			0			0
Other assets:
Investment in subsidiaries		(117,850	)		5,605			0		0			0			(16,262	)		0			52			19,874
Intercompany assets		2,175			0			0		0			0			0			0			0			0
Intercompany receivables		215,059			0			15,774		3,730			190			0			(0	)		711			0
Tax assets		21,048			26,616			5,418		1,158			5,071			0			4,276			850			0
Other assets		49,458			0			0		5,535			0			0			0			0			0
Total other assets		169,891			32,220			21,193		10,423			5,261			(16,262	)		4,276			1,613			19,874
Total assets	$	253,110		$	64,660		$	22,035	$	17,690		$	5,278		$	(16,261	)	$	4,338		$	1,618		$	19,874

LIABILITIES NOT SUBJECT TO COMPROMISE
Intercompany line of credit payable	$	0		$	25,000		$	0	$	0		$	0		$	0		$	0		$	0		$	0
Intercompany advance payables		0			0			0		0			0			0			0			0			0
Other liabilities		2,107			0			0		529			0			0			0			0			0
Total liabilities not subject to compromise		2,107			25,000			0		529			0			0			0			0			0

LIABILITIES SUBJECT TO COMPROMISE
Debt		133,277			0			0		0			0			0			0			0			0
Intercompany line of credit payable		0			0			0		537			0			0			3,212			0			0
Subordinated debt payable to preferred
securities trust		92,290			0			0		0			0			0			0			0			0
Other liabilities:
Intercompany accrued interest payable		0			0			0		0			0			0			0			0			0
Intercompany advance payables		54			34,906			6		12,225			27,438			2,006			17,388			19,566			7,025
Current income taxes payable		31,673			12,942			16,372		961			747			0			0			21,348			2,263
Unrecognized tax benefits		14,886			0			0		0			0			0			0			0			0
Other liabilities		32,849			0			53		2,254			2			0			0			0			0
Total other liabilities		79,463			47,848			16,431		15,440			28,187			2,006			17,388			40,913			9,288
Total liabilities subject to compromise		305,030			47,848			16,431		15,977			28,187			2,006			20,600			40,913			9,288

Total liabilities		307,136			72,848			16,431		16,505			28,187			2,006			20,600			40,913			9,288

Stockholders' equity		(54,027	)		(8,188	)		5,605		1,185			(22,909	)		(18,267	)		(16,262	)		(39,295	)		10,586

Total liabilities and equity	$	253,110		$	64,660		$	22,035	$	17,690		$	5,278		$	(16,261	)	$	4,338		$	1,618		$	19,874

Note: The Balance Sheets were prepared on an accrual basis and include the financial results of the Debtor entities. The Statements do not eliminate intercompany assets, intercompany liabilities or investments in subsidiaries.

These Balance Sheets do not include the financial results of non-debtor entities controlled by the Debtors and therefore, do not represent the consolidated financial results of Advanta Corp. Intercompany receivables on the Balance Sheets of the Debtors are not reduced by a reserve for uncollectible amounts. The full amounts of intercompany receivables may not be collectible.

MOR-3a

United States Bankruptcy Court
District of Delaware
	Chapter 11
In Re: Advanta Corp., et al.	Case No. 09-13931 (KJC)
Debtors	Reporting Period: December 1, 2009 through December 31, 2009

BALANCE SHEETS

AS OF DECEMBER 31, 2009

(Unaudited)

(In thousands)	Advanta Auto Finance Corp.			Advanta Mortgage Corp. USA		Advanta Finance Corp.		Advanta Credit Card Rec. Corp.			Advanta Ventures Inc.			BizEquity Corp.			ideablob Corp.			Great Expectations Int'l Inc.		Great Expectations Franchise Corp.		Great Expectations Mgmt. Corp.
ASSETS
Cash:
Intercompany cash	$	0		$	0	$	0	$	0		$	0		$	0		$	0		$	0	$	0	$	0
External cash		80			50		5		21			0			17			79			1		3		0
Total cash		80			50		5		21			0			17			79			1		3		0
Intercompany restricted
interest-bearing deposits		0			0		0		0			0			0			0			0		0		0
Investments available for sale		0			0		0		0			0			0			0			0		0		0
Receivables, net		0			0		0		36,986			0			0			0			0		0		0
Accounts receivable from securitizations		0			0		0		0			0			0			0			0		0		0
Premises and equipment:
Premises and equipment, gross		0			0		0		0			0			36			0			0		0		0
Accumulated depreciation		0			0		0		0			0			(16	)		0			0		0		0
Premises and equipment, net		0			0		0		0			0			20			0			0		0		0
Other assets:
Investment in subsidiaries		0			48,069		0		0			(18,626	)		0			0			3		0		0
Intercompany assets		0			0		0		0			0			0			0			0		0		0
Intercompany receivables		6			0		44,468		0			0			0			(51	)		0		0		0
Tax assets		430			22,311		6,634		5,544			0			0			0			0		0		0
Other assets		0			0		0		417			0			0			0			0		0		0
Total other assets		436			70,380		51,102		5,961			(18,626	)		0			(51	)		3		0		0
Total assets	$	516		$	70,430	$	51,107	$	42,968		$	(18,626	)	$	37		$	29		$	4	$	3	$	0

LIABILITIES NOT SUBJECT TO COMPROMISE
Intercompany line of credit payable	$	0		$	0	$	0	$	0		$	0		$	0		$	0		$	0	$	0	$	0
Intercompany advance payables		0			0		0		224			0			65			0			0		0		0
Other liabilities		0			0		0		0			0			66			81			0		0		0
Total liabilities not subject to compromise		0			0		0		224			0			131			81			0		0		0

LIABILITIES SUBJECT TO COMPROMISE
Debt		0			0		0		0			0			0			0			0		0		0
Intercompany line of credit payable		0			0		0		35,596			0			137			15,099			0		0		0
Subordinated debt payable to preferred
securities trust		0			0		0		0			0			0			0			0		0		0
Other liabilities:
Intercompany accrued interest payable		0			0		0		0			0			0			0			0		0		0
Intercompany advance payables		3			46,357		965		10,525			0			2,099			1,060			0		0		0
Current income taxes payable		1,336			2,027		1,775		0			0			0			0			0		0		0
Unrecognized tax benefits		0			0		0		0			0			0			0			0		0		0
Other liabilities		0			1,350		299		0			0			56			28			0		0		0
Total other liabilities		1,339			49,733		3,038		10,525			0			2,155			1,088			0		0		0
Total liabilities subject to compromise		1,339			49,733		3,038		46,121			0			2,292			16,187			0		0		0

Total liabilities		1,339			49,733		3,038		46,345			0			2,423			16,268			0		0		0

Stockholders' equity		(823	)		20,697		48,069		(3,377	)		(18,626	)		(2,387	)		(16,240	)		4		3		0

Total liabilities and equity	$	516		$	70,430	$	51,107	$	42,968		$	(18,626	)	$	37		$	29		$	4	$	3	$	0

MOR-3a

United States Bankruptcy Court
District of Delaware
	Chapter 11
In Re: Advanta Corp., et al.	Case No. 09-13931 (KJC)
Debtors	Reporting Period: December 1, 2009 through December 31, 2009

BALANCE SHEETS
AS OF PETITION DATE
(Unaudited)

(In thousands)	Advanta Corp.			Advanta Business Services Holding Corp.			Advanta Business Services Corp.		Advanta Shared Services Corp.			Advanta Service Corp.			Advanta Advertising Inc.			Advantennis Corp.			Advanta Investment Corp.			Advanta Mortgage Holding Co.
ASSETS
Cash:
Intercompany cash	$	1,661		$	0		$	0	$	23		$	0		$	0		$	0		$	0		$	0
External cash		19,025			6			820		343			2			1			61			5			0
Total cash		20,686			6			820		366			2			1			61			5			0
Intercompany restricted
interest-bearing deposits		1,258			0			0		0			0			0			0			0			0
Investments available for sale		78,254			0			0		0			0			0			0			0			0
Receivables, net		1,580			0			0		0			0			0			0			0			0
Accounts receivable from securitizations		0			5,350			0		0			0			0			0			0			0
Premises and equipment:
Premises and equipment, gross		516			0			0		17,763			653			0			0			0			0
Accumulated depreciation		(350	)		0			0		(11,385	)		(638	)		0			0			0			0
Premises and equipment, net		167			0			0		6,378			16			0			0			0			0
Other assets:
Investment in subsidiaries		(16,176	)		5,582			0		0			0			(13,879	)		0			52			19,873
Intercompany assets		2,445			0			0		0			0			0			0			0			0
Intercompany receivables		197,621			0			15,774		1,293			190			0			0			711			0
Tax assets		0			26,616			5,418		1,158			5,071			0			4,276			850			0
Other assets		49,674			0			0		8,167			0			0			2,383			0			0
Total other assets		233,564			32,198			21,193		10,617			5,261			(13,879	)		6,659			1,613			19,873
Total assets	$	335,508		$	37,554		$	22,013	$	17,362		$	5,279		$	(13,878	)	$	6,721		$	1,618		$	19,873

LIABILITIES SUBJECT TO COMPROMISE
Debt	$	133,277		$	0		$	0	$	0		$	0		$	0		$	0		$	0		$	0
Intercompany line of credit payable		0			0			0		1,486			0			0			3,210			0			0
Subordinated debt payable to preferred
securities trust		92,290			0			0		0			0			0			0			0			0
Other liabilities:
Intercompany accrued interest payable		0			0			0		1			0			0			2			0			0
Intercompany advance payables		34			34,906			6		12,225			27,438			2,006			17,388			19,566			7,025
Current income taxes payable		59,439			12,942			16,372		961			747			0			0			21,348			2,263
Unrecognized tax benefits		14,886			0			0		0			0			0			0			0			0
Other liabilities		34,644			0			53		2,199			2			0			0			0			0
Total other liabilities		109,004			47,848			16,431		15,386			28,187			2,006			17,390			40,913			9,288
Total liabilities subject to compromise		334,570			47,848			16,431		16,872			28,187			2,006			20,600			40,913			9,288

Stockholders' equity		938			(10,294	)		5,582		490			(22,908	)		(15,884	)		(13,879	)		(39,295	)		10,585

Total liabilities and equity	$	335,508		$	37,554		$	22,013	$	17,362		$	5,279		$	(13,878	)	$	6,721		$	1,618		$	19,873

Note: The Balance Sheets were prepared on an accrual basis and include the financial results for the Debtor entities. The statements do not eliminate intercompany assets,

intercompany liabilities or investments in subsidiaries. These Balance Sheets do not include the financial results of non-debtor entities controlled by the Debtors and therefore,

do not represent the consolidated financial results of Advanta Corp. Intercompany receivables on the Balance Sheets of the Debtors are not reduced by a reserve for uncollectible

amounts. The full amounts of intercompany receivables may not be collectible.

MOR-3b

United States Bankruptcy Court
District of Delaware
	Chapter 11
In Re: Advanta Corp., et al.	Case No. 09-13931 (KJC)
Debtors	Reporting Period: December 1, 2009 through December 31, 2009

BALANCE SHEETS
AS OF PETITION DATE
(Unaudited)

(In thousands)	Advanta Auto Finance Corp.			Advanta Mortgage Corp. USA		Advanta Finance Corp.		Advanta Credit Card Rec. Corp.			Advanta Ventures Inc.			BizEquity Corp.			ideablob Corp.			Great Expectations Int'l Corp.		Great Expectations Franchise Corp.		Great Expectations Mgmt. Corp.
ASSETS
Cash:
Intercompany cash	$	2		$	0	$	0	$	0		$	0		$	0		$	0		$	0	$	0	$	0
External cash		78			50		5		21			0			(10	)		57			1		5		0
Total cash		79			50		5		21			0			(10	)		57			1		5		0
Intercompany restricted
interest-bearing deposits		0			0		0		0			0			0			0			0		0		0
Investments available for sale		0			0		0		0			0			0			0			0		0		0
Receivables, net		0			0		0		40,286			0			0			0			0		0		0
Accounts receivable from securitizations		0			0		0		0			0			0			0			0		0		0
Premises and equipment:
Premises and equipment, gross		0			0		0		0			0			119			0			0		0		0
Accumulated depreciation		0			0		0		0			0			(47	)		0			0		0		0
Premises and equipment, net		0			0		0		0			0			72			0			0		0		0
Other assets:
Investment in subsidiaries		0			48,069		0		0			(18,420	)		0			0			5		0		0
Intercompany assets		0			0		0		0			0			0			0			0		0		0
Intercompany receivables		6			0		44,468		0			0			0			0			0		0		0
Tax assets		430			22,311		6,634		5,544			0			0			0			0		0		0
Other assets		0			0		0		458			0			10			0			0		0		0
Total other assets		436			70,380		51,102		6,002			(18,420	)		10			0			5		0		0
Total assets	$	515		$	70,430	$	51,107	$	46,309		$	(18,420	)	$	72		$	57		$	6	$	5	$	0

LIABILITIES SUBJECT TO COMPROMISE
Debt	$	0		$	0	$	0	$	0		$	0		$	0		$	0		$	0	$	0	$	0
Intercompany line of credit payable		0			0		0		40,402			0			137			15,072			0		0		0
Subordinated debt payable to preferred
securities trust		0			0		0		0			0			0			0			0		0		0
Other liabilities:
Intercompany accrued interest payable		0			0		0		4			0			0			27			0		0		0
Intercompany advance payables		3			46,357		965		9,068			0			2,052			1,060			0		0		0
Current income taxes payable		1,336			2,027		1,775		0			0			0			0			0		0		0
Unrecognized tax benefits		0			0		0		0			0			0			0			0		0		0
Other liabilities		0			1,350		299		0			0			89			113			0		0		0
Total other liabilities		1,339			49,733		3,038		9,071			0			2,141			1,199			0		0		0
Total liabilities subject to compromise		1,339			49,733		3,038		49,474			0			2,278			16,271			0		0		0

Stockholders' equity		(824	)		20,697		48,069		(3,165	)		(18,420	)		(2,206	)		(16,214	)		6		5		0

Total liabilities and equity	$	515		$	70,430	$	51,107	$	46,309		$	(18,420	)	$	72		$	57		$	6	$	5	$	0

Note: The Balance Sheets were prepared on an accrual basis and include the financial results for the Debtor entities. The statements do not eliminate intercompany assets,
intercompany liabilities or investments in subsidiaries. These Balance Sheets do not include the financial results of non-debtor entities controlled by the Debtors and therefore,
do not represent the consolidated financial results of Advanta Corp. Intercompany receivables on the Balance Sheets of the Debtors are not reduced by a reserve for uncollectible
amounts. The full amounts of intercompany receivables may not be collectible.

MOR-3b

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In Re:		Chapter 11
Advanta Corp., et al.		Case No. 09-13931 (KJC)
Debtors		Reporting Period: December 1, 2009 to December 31, 2009

Declaration Regarding the Status of Post Petition Taxes of the Debtors

December 31, 2009

Philip M. Browne hereby declares and states:

I am Chief Financial Officer of Advanta Corp., a corporation organized under the laws of the state of Delaware, which along with certain of its affiliated debtors (collectively, the “Debtors”) are Debtors and Debtors in Possession in the above-captioned chapter 11 cases. In this capacity, I am familiar with Advanta Corp.’s day-to-day operations, businesses, financial affairs and books and records.

Except as otherwise indicated, all facts set forth in this declaration are based upon my personal knowledge of Advanta Corp.’s operations and finances, information learned from my review of relevant documents and information I have received from other members of management or the Debtors’ advisors. As a duly elected and qualified officer of Advanta Corp., I am authorized to submit this declaration on behalf of the Debtors and, if I were called upon to testify, I could and would testify competently to the facts set forth herein. I submit this declaration under penalty of perjury pursuant to 28 U.S.C. § 1746.

To the best of my knowledge, the Debtors have filed all necessary federal, state and local tax returns and made all required post-petition tax payments in connection therewith on a timely basis, or have promptly remediated any late filings or payments that may have occurred due to unintentional oversights.

MOR-4

United States Bankruptcy Court
District of Delaware

In Re: Advanta Corp., et al.	Chapter 11
Debtors	Case No. 09-13931 (KJC)
	Reporting Period: December 1, 2009 through December 31, 2009

Summary of Unpaid Post Petition Accounts Payable

	Current		1 - 30		31 - 60		61 - 90	Over 90	Total
Combined Debtors	$	27,665.97							$	27,665.97

The post petition accounts payable report represents open and outstanding trade vendor invoices that have been entered into the accounts payable system. This summary does not include accruals for invoices not yet received or approved and therefore will differ from the balance sheet on MOR-3a.

MOR-4

United States Bankruptcy Court
District of Delaware
In Re: Advanta Corp., et al.	Chapter 11
Debtors	Case No. 09-13931 (KJC)
	Reporting Period: December 1, 2009 through December 31, 2009

Accounts Receivable Reconciliation and Aging

Accounts Receivable Reconciliation
Total Accounts Receivable at beginning of the reporting period	$	47,360,001
+ Amounts billed during the period		680,145
- Amounts collected during the period		(2,509,849	)
- Other adjustments to Accounts Receivable, including credit memos, discounts		(1,126,877	)
Total Accounts Receivable at ending of the reporting period	$	44,403,420

Accounts Receivable Aging
0-30 days old	$	38,983,255
31-60 days old		2,509,285
61-90 days old		1,599,039
91 + days old		1,311,841
Total Accounts Receivable		44,403,420
Amounts considered uncollectible (Bad Debt)		(5,830,175	)
Accounts Receivable (Net)	$	38,573,245

Note: Accounts Receivable above does not include intercompany receivables from non-debtor entities.

MOR-5

United States Bankruptcy Court
District of Delaware
In Re: Advanta Corp., et al.		Chapter 11
Debtors		Case No. 09-13931 (KJC)
		Reporting Period: December 1, 2009 through December 31, 2009

Debtor Questionnaire
For the Month Ended December 31, 2009

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

(A)	On December 8, 2009, Advanta Corp. sold the use of the luxury suite at Lincoln Financial Field for the 12/27/09
	Philadelphia Eagles versus Denver Broncos game for $10,000. Cash proceeds were $8,500 after commission.

(B)	Advanta Corp. opened a new investment account, Dreyfus Treasury Prime Cash Management
	(account ######4719), on 12/22/09. The Debtors are working with Dreyfus to prepare the documentation
	required pursuant to Delaware Local Rule 4001-3 and will file it with the Court when ready.

MOR-5