Attached files
| file | filename |
|---|---|
| 8-K - PENN TRAFFIC CO | v180866_8k.htm |
UNITED
STATES BANKRUPTCY COURT
DISTRICT
OF DELAWARE
|
In
re The Penn Traffic Company, et al
|
Case
No. 09-14078 (PJW)
|
|
|
Debtors
|
Reporting Period: February 27,
2010
|
MONTHLY
OPERATING REPORT
|
Document
|
Explanation
|
Affidavit/Supplement
|
||||||
|
REQUIRED DOCUMENTS
|
Form No.
|
Attached
|
Attached
|
Attached
|
||||
|
Schedule
of Cash Receipts and Disbursements
|
MOR-1
|
X
|
||||||
|
Bank
Reconciliation (or copies of debtor's bank
reconciliations)
|
MOR-1a
|
|||||||
|
Schedule
of Professional Fees Paid
|
MOR-1b
|
X
|
||||||
|
Copies
of bank statements
|
||||||||
|
Cash
disbursements journals
|
||||||||
|
Statement
of Operations
|
MOR-2
|
X
|
||||||
|
Balance
Sheet
|
MOR-3
|
X
|
||||||
|
Status
of Postpetition Taxes
|
MOR-4
|
X
|
||||||
|
Copies
of IRS Form 6123 or payment receipt
|
||||||||
|
Copies
of tax returns filed during reporting period
|
||||||||
|
Summary
of Unpaid Postpetition Debts
|
MOR-4b
|
X
|
||||||
|
Listing
of aged accounts payable
|
MOR-4c
|
X
|
||||||
|
Accounts
Receivable Reconciliation and Aging
|
MOR-5
|
X
|
||||||
|
Debtor
Questionnaire
|
MOR-5
|
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.
|
|
||
|
Signature
of Debtor
|
Date
|
|
|
|
|
|
|
Signature
of Joint Debtor
|
Date
|
|
|
/s/ Eric J. Sattler
|
4/13/2010
|
|
|
Signature
of Authorized Individual*
|
Date
|
|
|
Eric J. Sattler
|
VP of Finance & Interim
CFO
|
|
|
Printed
Name of 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.
UNITED
STATES BANKRUPTCY COURT
DISTRICT
OF DELAWARE
|
In
re The Penn Traffic Company, et al
|
Case
No. 09-14078 (PJW)
|
|
|
Debtors
|
Period:
February 27, 2010
|
MONTHLY
OPERATING REPORT
Summary
of Cases
|
Debtor
|
Case
Number
|
|
|
The
Penn Traffic Company, Debtor
|
09-14078
(PJW)
|
|
|
Sunrise
Properties, Debtor
|
09-14079
(PJW)
|
|
|
Pennway
Express, Inc., Debtor
|
09-14080
(PJW)
|
|
|
(1)
|
Penny
Curtis Baking Company, Inc., Debtor
|
09-14082
(PJW)
|
|
(1)
|
Big
M Supermarkets, Inc., Debtor
|
09-14083
(PJW)
|
|
(1)
|
Commander
Foods, Inc., Debtor
|
09-14084
(PJW)
|
|
(1)
|
P
& C Food Markets, Inc. of Vermont, Debtor
|
09-14085
(PJW)
|
|
(1)
|
P.T.
Development, LLC, Debtor
|
09-14086
(PJW)
|
|
P.T.
Fayetteville/Utica, LLC, Debtor
|
09-14087
(PJW)
|
|
(1)
|
No
financial data was maintained for these entities because such entities
were not engaged in active operations during the relevant time period of
this report.
|
|
MOR-1
|
Case
No. 09-14978 (PJW)
|
|
|
Reporting
Period: February 27,
2010
|
In
re: The Penn Traffic Company, et al
Debtors
1/31
- 2/27 Total Cash Flow
|
($
in thousands)
|
W/E
|
W/E
|
W/E
|
W/E
|
1/31-2/27
|
Cumulative
|
||||||||||||||||||
|
2-6-10
|
2-13-10
|
2-20-10
|
2-27-10
|
Total
|
to
Date
|
|||||||||||||||||||
|
Cash
Receipts:
|
||||||||||||||||||||||||
|
Sales
Receipts
|
$ | 3,877 | $ | - | $ | - | $ | - | $ | 3,877 | $ | 133,805 | ||||||||||||
|
Other
Receipts (A/R Coll./Dep.)
|
1,087 | 785 | 680 | 856 | 3,409 | 18,662 | ||||||||||||||||||
|
Miscellaneous
Retail Receipts
|
1,501 | 351 | - | - | 1,852 | 22,150 | ||||||||||||||||||
|
Store
Closure/Sale Proceeds
|
- | - | - | - | - | 85,000 | ||||||||||||||||||
|
Total
Receipts
|
6,464 | 1,136 | 680 | 856 | 9,137 | 259,618 | ||||||||||||||||||
|
Cash
Disbursements:
|
||||||||||||||||||||||||
|
Trade
Payments:
|
||||||||||||||||||||||||
|
Product
|
48 | 7 | 55 | - | 111 | 88,749 | ||||||||||||||||||
|
Non-Product
|
527 | 678 | 315 | 118 | 1,639 | 7,950 | ||||||||||||||||||
|
Total
Trade Payments
|
576 | 685 | 370 | 118 | 1,749 | 96,699 | ||||||||||||||||||
|
Operating
Expenses:
|
||||||||||||||||||||||||
|
Store
Payroll, Taxes & Benefits
|
1,749 | - | - | - | 1,749 | 27,579 | ||||||||||||||||||
|
Corp.
Payroll, Taxes & Benefits
|
338 | - | - | - | 338 | 5,523 | ||||||||||||||||||
|
Severance/WARN
and Retention
|
- | - | - | - | - | - | ||||||||||||||||||
|
Union
Benefits
|
- | 910 | 1,547 | - | 2,457 | 6,610 | ||||||||||||||||||
|
401K
Plans
|
- | - | - | - | - | - | ||||||||||||||||||
|
Utilities
|
693 | 627 | 56 | 241 | 1,617 | 3,467 | ||||||||||||||||||
|
Rent
Cam & RE Taxes
|
- | - | - | - | - | 3,433 | ||||||||||||||||||
|
Insurance
Premiums & Claims
|
88 | 154 | 275 | 128 | 645 | 1,567 | ||||||||||||||||||
|
Capital
Expenditures
|
- | - | - | - | - | 995 | ||||||||||||||||||
|
Sales
Tax Payable
|
- | - | - | 140 | 140 | 1,446 | ||||||||||||||||||
|
Store
Currency & Coin Orders
|
- | - | - | - | - | 6,394 | ||||||||||||||||||
|
Other
(WUnion/Util. Rmb/Bank fees)
|
205 | 1,459 | 57 | 39 | 1,761 | 12,845 | ||||||||||||||||||
|
Liquidator
Expense Reimbursement
|
- | - | - | - | - | 6,385 | ||||||||||||||||||
|
Expense
Reimbursement
|
- | - | - | - | - | - | ||||||||||||||||||
|
Miscellaneous
Expense
|
- | 350 | 200 | - | 550 | 823 | ||||||||||||||||||
|
Total
Operating Expenses
|
3,073 | 3,500 | 2,136 | 548 | 9,257 | 77,066 | ||||||||||||||||||
|
Financing
Expenses:
|
||||||||||||||||||||||||
|
Term/Standby
LC Interest
|
- | - | - | - | - | 580 | ||||||||||||||||||
|
Suppl.
RE Facility Interest
|
- | - | - | - | - | 373 | ||||||||||||||||||
|
DIP
& Revolver Interest & Fees
|
- | - | - | - | - | 950 | ||||||||||||||||||
|
Debt
Paydown / L/C Collat.
|
- | - | - | - | - | 56,298 | ||||||||||||||||||
|
Total
Non-Operating Expenses
|
- | - | - | - | - | 58,201 | ||||||||||||||||||
|
Net
Operating Cash Flow
|
2,815 | (3,050 | ) | (1,826 | ) | 191 | (1,870 | ) | 27,651 | |||||||||||||||
|
Bankruptcy
Expenses:
|
||||||||||||||||||||||||
|
Deposits/Cash-in-Advance
|
- | - | - | - | - | 3,802 | ||||||||||||||||||
|
Professional
Fees
|
- | 198 | 200 | 359 | 757 | 2,273 | ||||||||||||||||||
|
UST
Fees
|
47 | - | - | - | 47 | 47 | ||||||||||||||||||
|
Claims
Agent
|
- | - | 4 | 276 | 280 | 551 | ||||||||||||||||||
|
Cure
Costs
|
79 | 984 | 797 | 65 | 1,925 | 1,925 | ||||||||||||||||||
|
Funds
Transferred to/(from) Cure Cost
|
- | (1,219 | ) | (706 | ) | - | (1,925 | ) | 2,018 | |||||||||||||||
|
Funds
Transferred to/(from) Closing Issues
|
- | - | - | - | - | 12,500 | ||||||||||||||||||
|
Funds
Transferred to/(from) Prof Carve Out
|
- | - | - | (722 | ) | (722 | ) | 2,278 | ||||||||||||||||
|
Funds
Transferred to/(from) Escrow
|
- | - | - | - | - | - | ||||||||||||||||||
|
Un-reconciled
Cash Flow
|
- | - | - | - | - | - | ||||||||||||||||||
|
Total
Bankruptcy Expenses
|
126 | (37 | ) | 295 | (21 | ) | 362 | 25,395 | ||||||||||||||||
|
Total
Disbursements
|
3,775 | 4,149 | 2,801 | 644 | 11,369 | 257,361 | ||||||||||||||||||
|
Net
Cash Flows
|
$ | 2,690 | $ | (3,013 | ) | $ | (2,121 | ) | $ | 212 | $ | (2,232 | ) | $ | 2,257 | |||||||||
|
In
re The Penn Traffic Company, et al
|
Case
No. 09-14078 (PJW)
|
|
|
Debtor
|
Reporting
Period: February 27,
2010
|
SCHEDULE
OF PROFESSIONAL FEES AND EXPENSES PAID
|
Amount
|
Check
|
Amount Paid
|
Year-To-Date
|
|||||||||||||||||||||||||
|
Payee
|
Period Covered
|
Approved
|
Payor
|
Number
|
Date
|
Fees
|
Expenses
|
Fees
|
Expenses
|
|||||||||||||||||||
|
Donlin
Recano
|
12/22/2009
|
4,500.00
|
Penn Traffic
|
28274814 |
12/24/09
|
- | 4,500.00 | - | 4,500.00 | |||||||||||||||||||
|
Donlin
Recano
|
1/6-1/8/2010
|
20,500.00 |
Penn
Traffic
|
28481927 |
1/12/10
|
- | 20,500.00 | - | 20,500.00 | |||||||||||||||||||
|
Donlin
Recano
|
12/1/09-12/31/09
|
123,854.43 |
Penn
Traffic
|
28602926 |
1/21/2010
|
105,964.83 | 17,889.60 | 105,964.83 | 17,889.60 | |||||||||||||||||||
|
Donlin
Recano
|
11/1/09-11/30/09
|
122,573.75 |
Penn
Traffic
|
28195676 |
1/21/2010
|
91,343.67 | 31,230.08 | 91,343.67 | 31,230.08 | |||||||||||||||||||
|
Donlin
Recano
|
1/24/2010
|
4,150.00 |
Penn
Traffic
|
0000467A |
1/25/2010
|
4,150.00 | 4,150.00 | |||||||||||||||||||||
|
Donlin
Recano
|
1/1/10
- 1/31/10
|
276,170.57 |
Penn
Traffic
|
265117 |
2/24/2010
|
243,243.15 | 32,927.42 | 243,243.15 | 32,927.42 | |||||||||||||||||||
|
Conway,
Del Genio, Greis
|
1/3/10
- 2/2/10
|
155,760.20 |
Penn
Traffic
|
262967 |
1/7/2010
|
150,000.00 | 5,760.20 | 150,000.00 | 5,760.20 | |||||||||||||||||||
|
Conway,
Del Genio, Greis
|
2/3/10
- 3/1/10
|
163,245.66 |
Penn
Traffic
|
28865298 |
2/2/2010
|
150,000.00 | 13,245.66 | 150,000.00 | 13,245.66 | |||||||||||||||||||
|
Conway,
Del Genio, Greis
|
3/2/10
- 4/1/10
|
164,893.51 |
Penn
Traffic
|
29274664 |
3/8/2010
|
150,000.00 | 14,893.51 | 150,000.00 | 14,893.51 | |||||||||||||||||||
|
Fulbright
& Jaworski
|
12/1/09-12/31/09
|
78,286.08 |
Penn
Traffic
|
28944754 |
2/17/2010
|
76,684.60 | 1,601.48 | 76,684.60 | 1,601.48 | |||||||||||||||||||
|
Otterbourg,
Steindler, Houston
|
12/2/09-12/31/09
|
279,335.22 |
Penn
Traffic
|
29055915 |
2/25/2010
|
276,294.00 | 3,041.22 | 276,294.00 | 3,041.22 | |||||||||||||||||||
|
Total
|
1,393,269.42 | 1,243,530.25 | 149,739.17 | 1,243,530.25 | 149,739.17 | |||||||||||||||||||||||
|
In
re The Penn Traffic Company, et al
|
Case
No. 09-14078 (PJW)
|
|
|
Debtors
|
Reporting
Period: February 27,
2010
|
MOR
2
Consolidated
Statement of Operations
(In
thousands)
Unaudited
|
Penn
|
Fayetteville/
|
Pennway
|
Penny
|
Sunrise
|
Penn
Traffic
|
Consolidated
|
|||||||||||||||
|
Traffic
|
Utica
|
Express
|
Curtiss
|
Properties
|
Eliminations
|
Penn
Traffic
|
|||||||||||||||
|
Revenues
|
$ | 2 | $ | - | $ | - | $ | 2 | |||||||||||||
|
Cost
and Operating Expenses
|
|||||||||||||||||||||
|
Cost
of sales
|
1,589 | - | 1,589 | ||||||||||||||||||
|
Selling
and administrative expenses
|
(1,709 | ) | - | (1,709 | ) | ||||||||||||||||
|
Asset
impairment charge
|
- | - | - | - | |||||||||||||||||
|
Goodwill
impairment charge
|
- | - | - | - | |||||||||||||||||
|
Operating
Income
|
122 | - | - | 122 | |||||||||||||||||
|
Interest
expense
|
26 | - | - | 26 | |||||||||||||||||
|
Reorganization
expense
|
856 | - | - | 856 | |||||||||||||||||
|
(Loss)
Income from continuing operations before taxes
|
(761 | ) | - | - | (761 | ) | |||||||||||||||
|
Provision
for income taxes
|
- | - | - | - | |||||||||||||||||
|
(Loss)
Income before loss from discontinued operations, net of
tax
|
(761 | ) | - | - | (761 | ) | |||||||||||||||
|
(Loss)
income from discontinued operations, net of tax
|
0 | - | - | 0 | |||||||||||||||||
|
(Loss)
Income before extraordinary item
|
(761 | ) | - | - | (761 | ) | |||||||||||||||
|
Extraordinary
item
|
- | - | - | - | |||||||||||||||||
|
Net
(Loss) Income
|
$ | (761 | ) | $ | - | $ | - | $ | (761 | ) | |||||||||||
(1) The
following legal entities: Big M Supermarkets, Inc., Commander
Foods,Inc.,
P&C
Food Markets, Inc of Vermont, and PT-Development, LLC, are not
reported on the above schedule due to the fact that there was no or nominal
activity for the reporting period of January 31, 2010 through February 27, 2010
for these entities.
|
In
re: The Penn Traffic Company, et al
|
Csae
No. 09-14078 (PJW)
|
|
|
Debtors
|
Reporting
Period: February 27,
2010
|
MOR
3
Consolidated
Balance Sheet
As
of February 27, 2010
Unaudited
(In
Thousands)
|
Penn
|
Fayetteville/
|
Pennway
|
Penny
|
Sunrise
|
Penn Traffic
|
Consolidated
|
||||||||||||||||||||||||||
|
Traffic
|
Utica
|
Big
M
|
Express
|
Curtiss
|
Properties
|
Eliminations
|
Penn Traffic
|
|||||||||||||||||||||||||
|
ASSETS
|
||||||||||||||||||||||||||||||||
|
Current
Assets:
|
||||||||||||||||||||||||||||||||
|
Cash
and short-term investments
|
36,622 | - | - | - | - | - | - | 36,622 | ||||||||||||||||||||||||
|
Accounts
and notes receivables
|
17,264 | - | - | 350 | - | - | - | 17,614 | ||||||||||||||||||||||||
|
Inventories
|
20 | - | - | - | - | - | - | 20 | ||||||||||||||||||||||||
|
Prepaid
expenses and other current assets
|
3,050 | - | - | - | - | - | - | 3,050 | ||||||||||||||||||||||||
|
Assets
Held for Sale
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| 56,956 | - | - | 350 | - | - | - | 57,306 | |||||||||||||||||||||||||
|
Noncurrent
Assets:
|
||||||||||||||||||||||||||||||||
|
Capital
leases
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Property,
plant and equipment
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Goodwill
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Intangible
assets
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Other
assets
|
55,466 | - | - | - | - | - | - | 55,466 | ||||||||||||||||||||||||
| 112,422 | - | - | 350 | - | - | - | 112,772 | |||||||||||||||||||||||||
|
LIABILITIES
AND STOCKHOLDERS' EQUITY
|
||||||||||||||||||||||||||||||||
|
Current
Liabilities:
|
||||||||||||||||||||||||||||||||
|
Current
portion of obligations under capital leases
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Current
maturities under long-term debt
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Trade
account and drafts payables
|
332 | - | (2 | ) | - | - | - | - | 330 | |||||||||||||||||||||||
|
Other
current liabilities
|
17,376 | - | - | - | 2 | - | - | 17,378 | ||||||||||||||||||||||||
|
Accrued
interest expense
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Deferred
income taxes
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| 17,708 | - | (2 | ) | - | 2 | - | - | 17,708 | ||||||||||||||||||||||||
|
Intercompany
payables
|
(54,807 | ) | - | 54,746 | (3,611 | ) | 4,068 | (397 | ) | - | (1 | ) | ||||||||||||||||||||
|
Noncurrent
Liabilities:
|
||||||||||||||||||||||||||||||||
|
Obligations
under capital leases
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Long-term
debt
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Deferred
income taxes
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Other
noncurrent liabilities
|
16,392 | - | - | - | - | - | - | 16,392 | ||||||||||||||||||||||||
|
Total
Liabilities Subject to Compromise
|
82,043 | - | - | - | 2,609 | - | - | 84,652 | ||||||||||||||||||||||||
|
Stockholders'
Equity:
|
||||||||||||||||||||||||||||||||
|
Preferred
stock
|
(20 | ) | - | - | - | 20 | - | - | - | |||||||||||||||||||||||
|
Common
Stock
|
36 | - | 20 | 1 | 30 | 1 | - | 88 | ||||||||||||||||||||||||
|
Capital
in excess of par
|
128,246 | - | - | - | - | - | - | 128,246 | ||||||||||||||||||||||||
|
Stock
warrants
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Retained
Earnings
|
(76,906 | ) | - | (54,764 | ) | 3,960 | (6,729 | ) | 396 | - | (134,043 | ) | ||||||||||||||||||||
|
Accumulated
other comprehensive loss
|
(270 | ) | - | - | - | - | - | - | (270 | ) | ||||||||||||||||||||||
|
Treasury
stock, 53,000 shares at cost
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Total
Stockholders Equity
|
51,086 | - | (54,744 | ) | 3,961 | (6,679 | ) | 397 | - | (5,979 | ) | |||||||||||||||||||||
| 112,422 | - | (0 | ) | 350 | - | - | - | 112,772 | ||||||||||||||||||||||||
|
In
re: The Penn Traffic Company, et al
|
Case
No. 09-14078 (PJW)
|
|
|
Debtors
|
Reporting
Period: February 27,
2010
|
MOR
4
Status
of Post Petition Taxes
|
1/31/2010
|
|||||||||||||||||||||||
|
Period
12
|
02/27/10
|
||||||||||||||||||||||
|
Beginning
|
Amount Withheld
|
Amount
|
Date
|
Check No.
|
Ending
|
||||||||||||||||||
|
Tax Liability
|
or Accrued
|
Paid
|
Paid
|
or
EFT
|
Tax Liability
|
||||||||||||||||||
|
Federal
|
|||||||||||||||||||||||
|
242300
|
Withholding
|
(214,499 | ) | (927,227 | ) | 920,527 | (221,199 | ) | |||||||||||||||
|
02/01/10
|
274043200426698 | ||||||||||||||||||||||
|
02/03/10
|
274043400523506 | ||||||||||||||||||||||
|
02/03/10
|
274043400091550 | ||||||||||||||||||||||
|
02/08/10
|
274043900769094 | ||||||||||||||||||||||
|
02/10/10
|
274044100496484 | ||||||||||||||||||||||
|
02/10/10
|
274044100156291 | ||||||||||||||||||||||
|
02/16/10
|
274044700146044 | ||||||||||||||||||||||
|
02/18/10
|
274044900417036 | ||||||||||||||||||||||
|
02/18/10
|
274044900691979 | ||||||||||||||||||||||
|
02/22/10
|
274045300887783 | ||||||||||||||||||||||
|
02/24/10
|
274045500231792 | ||||||||||||||||||||||
|
02/24/10
|
274045500932057 | ||||||||||||||||||||||
|
242001
|
FICA
-Employee
|
(181,074 | ) | (743,710 | ) | 743,964 | (180,820 | ) | |||||||||||||||
|
02/01/10
|
274043200426698 | ||||||||||||||||||||||
|
02/03/10
|
274043400523506 | ||||||||||||||||||||||
|
02/03/10
|
274043400091550 | ||||||||||||||||||||||
|
02/08/10
|
274043900769094 | ||||||||||||||||||||||
|
02/10/10
|
274044100496484 | ||||||||||||||||||||||
|
02/10/10
|
274044100156291 | ||||||||||||||||||||||
|
02/16/10
|
274044700146044 | ||||||||||||||||||||||
|
02/18/10
|
274044900417036 | ||||||||||||||||||||||
|
02/18/10
|
274044900691979 | ||||||||||||||||||||||
|
02/22/10
|
274045300887783 | ||||||||||||||||||||||
|
02/24/10
|
274045500231792 | ||||||||||||||||||||||
|
02/24/10
|
274045500932057 | ||||||||||||||||||||||
|
242000
|
FICA
-Employer
|
(368,330 | ) | (649,629 | ) | 745,322 | (272,637 | ) | |||||||||||||||
|
02/01/10
|
274043200426698 | ||||||||||||||||||||||
|
02/03/10
|
274043400523506 | ||||||||||||||||||||||
|
02/03/10
|
274043400091550 | ||||||||||||||||||||||
|
02/08/10
|
274043900769094 | ||||||||||||||||||||||
|
02/10/10
|
274044100496484 | ||||||||||||||||||||||
|
02/10/10
|
274044100156291 | ||||||||||||||||||||||
|
02/16/10
|
274044700146044 | ||||||||||||||||||||||
|
02/18/10
|
274044900417036 | ||||||||||||||||||||||
|
02/18/10
|
274044900691979 | ||||||||||||||||||||||
|
02/22/10
|
274045300887783 | ||||||||||||||||||||||
|
02/24/10
|
274045500231792 | ||||||||||||||||||||||
|
02/24/10
|
274045500932057 | ||||||||||||||||||||||
|
Totals
|
(763,903 | ) | (2,320,566 | ) | 2,409,813 | (674,656 | ) | ||||||||||||||||
|
242100
|
Unemployment
|
(114,031 | ) | (55,043 | ) | 18,877 | (150,197 | ) | |||||||||||||||
|
02/01/10
|
274043200168034 | ||||||||||||||||||||||
|
02/01/10
|
274043200070790 | ||||||||||||||||||||||
|
02/01/10
|
274043200472887 | ||||||||||||||||||||||
|
Income
|
|||||||||||||||||||||||
|
Other
|
|||||||||||||||||||||||
|
Total
Federal Taxes
|
(877,934 | ) | (2,375,609 | ) | 2,428,691 | (824,852 | ) | ||||||||||||||||
|
In
re: The Penn Traffic Company, et al
|
Case
No. 09-14078 (PJW)
|
|
|
Debtors
|
Reporting
Period: February 27,
2010
|
MOR
4
Status
of Post Petition Taxes
|
1/31/2010
|
|||||||||||||||||||||||
|
Period
12
|
02/27/10
|
||||||||||||||||||||||
|
Beginning
|
Amount Withheld
|
Amount
|
Date
|
Check No.
|
Ending
|
||||||||||||||||||
|
Tax Liability
|
or
Accrued
|
Paid
|
Paid
|
or
EFT
|
Tax Liability
|
||||||||||||||||||
|
State
|
|||||||||||||||||||||||
|
242452
|
Withholding-
PA
|
(36,464 | ) | (75,087 | ) | 73,508 |
02/01/10
|
1300026859354 | (38,043 | ) | |||||||||||||
|
02/03/10
|
1300026971392 | ||||||||||||||||||||||
|
02/03/10
|
1300026965947 | ||||||||||||||||||||||
|
02/18/10
|
1300027121098 | ||||||||||||||||||||||
|
02/18/10
|
1300027115601 | ||||||||||||||||||||||
|
242456
|
Withholding-
VT
|
(591 | ) | (2,506 | ) | 2,400 | (697 | ) | |||||||||||||||
|
02/10/10
|
7442 | ||||||||||||||||||||||
|
02/18/10
|
7467 | ||||||||||||||||||||||
|
02/24/10
|
7479 | ||||||||||||||||||||||
|
242450
|
Withholding-
NY
|
(71,740 | ) | (292,187 | ) | 292,847 | (71,080 | ) | |||||||||||||||
|
02/03/10
|
NY10WT001842575
|
||||||||||||||||||||||
|
02/03/10
|
NY10WT001842589
|
||||||||||||||||||||||
|
02/09/10
|
NY10WT001854769
|
||||||||||||||||||||||
|
02/09/10
|
NY10WT001854755
|
||||||||||||||||||||||
|
02/17/10
|
NY10WT001867596
|
||||||||||||||||||||||
|
02/17/10
|
NY10WT001867604
|
||||||||||||||||||||||
|
02/23/10
|
NY10WT001876629
|
||||||||||||||||||||||
|
02/23/10
|
NY10WT001876642
|
||||||||||||||||||||||
|
Total
State Withholding
|
(108,795 | ) | (369,780 | ) | 368,755 | (109,820 | ) | ||||||||||||||||
|
Local
Taxes
|
|||||||||||||||||||||||
|
242552
|
Local
-EIT
|
(22,498 | ) | (22,426 | ) | (44,924 | ) | ||||||||||||||||
|
242900
|
Local
-LST
|
(4,713 | ) | (3,914 | ) | (8,627 | ) | ||||||||||||||||
|
Total
Local Taxes
|
(27,211 | ) | (26,340 | ) | - | (53,551 | ) | ||||||||||||||||
|
Sales
|
|||||||||||||||||||||||
|
242650
+ 242750
|
Sales
- NY
|
(3,084 | ) | 62 | 2,946 |
02/25/10
|
NY10ST00016929
|
(76 | ) | ||||||||||||||
|
242652
+ 242752
|
Sales
- PA
|
(129,114 | ) | (1,932 | ) | 129,114 |
02/22/10
|
1300027176787 | (1,932 | ) | |||||||||||||
|
242651
|
Sales
- OH
|
(188 | ) | (2,184 | ) | (2,372 | ) | ||||||||||||||||
|
242656
+ 242756
|
Sales
- VT
|
(8,321 | ) | 8,321 |
02/23/10
|
1266848564918 | (0 | ) | |||||||||||||||
|
Total
Sales Tax
|
(140,707 | ) | (4,054 | ) | 140,381 | (4,381 | ) | ||||||||||||||||
|
Excise
|
|||||||||||||||||||||||
|
242250
|
Unemployment
- NY
|
(220,290 | ) | (133,693 | ) | 35,306 | (318,677 | ) | |||||||||||||||
|
02/01/10
|
04920044366 | ||||||||||||||||||||||
|
02/01/10
|
04920044350 | ||||||||||||||||||||||
|
242252
|
Unemployment
- PA
|
(266,859 | ) | (147,814 | ) | 40,273 | (374,400 | ) | |||||||||||||||
|
02/01/10
|
1310699 | ||||||||||||||||||||||
|
02/01/10
|
1310758 | ||||||||||||||||||||||
|
242256
|
Unemployment
- VT
|
(2,918 | ) | (1,811 | ) | (4,729 | ) | ||||||||||||||||
|
242257
|
Unemployment
- NH
|
(343 | ) | (846 | ) | (1,189 | ) | ||||||||||||||||
|
243100
|
Real
property
|
(508,778 | ) | 496,146 | (12,632 | ) | |||||||||||||||||
|
243500
|
Tobacco
|
(87,656 | ) | 159,496 | 1,912 |
02/19/10
|
264886 | 73,752 | |||||||||||||||
|
02/23/10
|
000003 | ||||||||||||||||||||||
|
Total
Excise
|
(1,086,844 | ) | 371,479 | 77,491 | (637,875 | ) | |||||||||||||||||
|
Other
|
|||||||||||||||||||||||
|
242856
|
Meals
and Room - VT
|
(1,169 | ) | 1,169 |
02/23/10
|
1266856333203 | (0 | ) | |||||||||||||||
|
242857
|
Meals
and Room - NH
|
(703 | ) | 703 |
02/17/10
|
1004600274 | 0 | ||||||||||||||||
|
243200
|
Mercantile
Tax
|
(14,184 | ) | (14,184 | ) | ||||||||||||||||||
|
Total
Other
|
(16,056 | ) | - | 1,872 | (14,184 | ) | |||||||||||||||||
|
Total
Taxes
|
(2,257,547 | ) | (2,404,305 | ) | 3,017,189 | (1,644,663 | ) | ||||||||||||||||
|
In
re: The Penn Traffic Company et al
|
Case
No. 09-14978 (PJW)
|
|
|
Debtors
|
Reporting
Period: February 27,
2010
|
MOR
4b
SUMMARY
OF UNPAID POSTPETITION DEBTS
|
Number
of Days Past Due
|
|||||||||||||||||||||
|
Current
|
0-30 | 31-60 | 61-90 |
Over 90
|
Total
|
||||||||||||||||
|
Accounts
Payable
|
330,286 | 330,286 | |||||||||||||||||||
|
Wages
Payable
|
1,953,012 | 1,953,012 | |||||||||||||||||||
|
Taxes
Payable
|
1,644,665 | 1,644,665 | |||||||||||||||||||
|
Rent/Leases-Building
|
73,084 | 73,084 | |||||||||||||||||||
|
Rent/Leases-Equipment
|
0 | ||||||||||||||||||||
|
Secured
Debt/Adequate Protection Payments
|
0 | ||||||||||||||||||||
|
Professional
Fees
|
4,861,535 | 4,861,535 | |||||||||||||||||||
|
Amounts
Due to Insiders
|
0 | ||||||||||||||||||||
|
Other
Accrued Liabilities
|
5,183,268 | 5,183,268 | |||||||||||||||||||
|
Other:__________________________
|
0 | ||||||||||||||||||||
|
Total
Postpetition Debts
|
13,972,766 | 0 | 0 | 73,084 |
0
|
14,045,850 | |||||||||||||||
|
In
re
|
The
Penn Traffic Company
|
Case
N09 -14078 (PJW)
|
|||||||
|
Debtor
|
Reporting
Per February 27, 2010
|
||||||||
|
ACCOUNTS
RECEIVABLE RECONCILIATION AND AGING
|
|||||||||
|
MOR
5a
|
|||||||||
|
Accounts
Receivable Reconciliation
|
Amount
|
|||
|
Total
Accounts Receivable at the beginning of the reporting
period
|
$ | 23,789,117 | ||
|
+
Amounts billed during the period (Aged)
|
$ | 6,368,219 | ||
|
-
Amounts collected during the period (Aged)
|
$ | 6,737,828 | ||
|
-
Amounts collected during the period (Not Aged)
|
$ | 6,155,155 | ||
|
+
Amounts billed during the period (Not Aged)
|
||||
|
Total
Accounts Receivable at the end of the reporting period
|
$ | 17,264,354 | ||
|
Accounts
Receivable Aging
|
Amount
|
|||
|
0 -
30 days old
|
$ | 976,678 | ||
|
31
- 90 days old
|
$ | 4,523,116 | ||
|
91
- 180 days old
|
$ | 2,682,807 | ||
|
181
- 365 days old
|
$ | 186,522 | ||
|
365
+ days old
|
$ | 595,485 | ||
|
Subtotal
Aged Accounts Receivable
|
$ | 8,964,608 | ||
|
Accounts
Receivable Not Aged
|
$ | 10,468,593 | ||
|
Total
Accounts Receivable
|
$ | 19,433,202 | ||
|
-Amount
considered uncollectible (Bad Debt)
|
$ | 2,168,847 | ||
|
Accounts
Receivable (Net)
|
$ | 17,264,354 | ||
|
DEBTOR
QUESTIONNAIRE
|
|||||
|
Must
be completed each month
|
Yes
|
No
|
|||
|
1
|
Have
any assets been sold or transferred outside the normal course of
business
|
||||
|
this
reporting period? If yes, provide an explanation
below.
|
X
|
||||
|
2
|
Have
any funds been disbursed from any account other than a debtor in
possession
|
||||
|
account
this reporting period?
|
X
|
||||
|
3
|
Have
all postpetition tax returns been timely filed? If no, provide
an explanation
|
||||
|
below.
|
X
|
||||
|
4
|
Are
workers compensation, general liability and other necessary
insurance
|
||||
|
coverages
in effect? If no, provide an explanation below.
|
X
|
||||
|
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 the Delaware Local Rule
4001-3.
|
X
|
||||
|
substantially
all assets to Tops LLC.
|
|||||
|
In
re
|
Pennway
Express, Inc.
|
Case
N09 -14080 (PJW)
|
|||||||
|
Debtor
|
Reporting
Per February 27, 2010
|
||||||||
|
ACCOUNTS
RECEIVABLE RECONCILIATION AND AGING
|
|||||||||
|
MOR
5b
|
|||||||||
|
Accounts
Receivable Reconciliation
|
Amount
|
|||
|
Total
Accounts Receivable at the beginning of the reporting
period
|
$ | 487,385 | ||
|
+
Amounts billed during the period
|
$ | 43,387 | ||
|
-
Amounts collected during the period
|
$ | 180,863 | ||
|
Total
Accounts Receivable at the end of the reporting period
|
$ | 349,909 | ||
|
Accounts
Receivable Aging
|
Amount
|
|||
|
0 -
30 days old
|
$ | 68,895 | ||
|
31
- 90 days old
|
$ | 191,709 | ||
|
91
- 180 days old
|
$ | 7,303 | ||
|
181
- 365 days old
|
$ | 70,429 | ||
|
365
+ days old
|
$ | 11,573 | ||
|
Subtotal
Aged Accounts Receivable
|
$ | 349,909 | ||
|
Accounts
Receivable Not Aged
|
$ | - | ||
|
Total
Accounts Receivable
|
$ | 349,909 | ||
|
-Amount
considered uncollectible (Bad Debt)
|
||||
|
Accounts
Receivable (Net)
|
$ | 349,909 | ||
|
DEBTOR
QUESTIONNAIRE
|
|||||
|
Must be
completed each month
|
Yes
|
No
|
|||
|
1
|
Have
any assets been sold or transferred outside the normal course of business
|
||||
|
this
reporting period? If yes, provide an explanation below.
|
X
|
||||
|
2
|
Have
any funds been disbursed from any account other than a debtor in
possession
|
||||
|
account
this reporting period?
|
X
|
||||
|
3
|
Have
all postpetition tax returns been timely filed? If no, provide
an explanation
|
||||
|
below.
|
X
|
||||
|
4
|
Are
workers compensation, general liability and other necessary insurance
|
||||
|
coverages
in effect? If no, provide an explanation below.
|
X
|
||||
|
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 the Delaware Local Rule 4001-3.
|
X
|
||||
|
In
re
|
P.T.
Fayetteville/Utica, LLC
|
Case
N09 -14087 (PJW)
|
|||||||
|
Debtor
|
Reporting
Per February 27, 2010
|
||||||||
|
ACCOUNTS
RECEIVABLE RECONCILIATION AND AGING
|
|||||||||
|
MOR
5c
|
|||||||||
|
Accounts
Receivable Reconciliation
|
Amount
|
|||
|
Total Accounts Receivable at the
beginning of the reporting period
|
$ | - | ||
|
+ Amounts billed during the
period
|
||||
|
- Amounts collected during the
period
|
$ | - | ||
|
Total Accounts Receivable at the
end of the reporting period
|
$ | - | ||
|
Accounts
Receivable Aging
|
Amount
|
|||
|
0 - 30 days
old
|
||||
|
31 - 90 days
old
|
||||
|
91 - 180 days old
|
||||
|
181 - 365 days old
|
||||
|
365 + days
old
|
||||
|
Subtotal Aged Accounts
Receivable
|
$ | - | ||
|
Accounts Receivable Not
Aged
|
||||
|
Total Accounts
Receivable
|
$ | - | ||
|
Amount considered uncollectible
(Bad Debt)
|
||||
|
Accounts Receivable
(Net)
|
$ | - | ||
|
DEBTOR
QUESTIONNAIRE
|
|||||
|
Must
be completed each month
|
Yes
|
No
|
|||
|
1
|
Have
any assets been sold or transferred outside the normal course of
business
|
||||
|
this
reporting period? If yes, provide an explanation
below.
|
X
|
||||
|
2
|
Have
any funds been disbursed from any account other than a debtor in
possession
|
||||
|
account
this reporting period?
|
X
|
||||
|
3
|
Have
all postpetition tax returns been timely filed? If no, provide
an explanation
|
||||
|
below.
|
X
|
||||
|
4
|
Are
workers compensation, general liability and other necessary
insurance
|
||||
|
coverages
in effect? If no, provide an explanation below.
|
X
|
||||
|
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 the Delaware Local Rule
4001-3.
|
X
|
||||