Attached files
| file | filename |
|---|---|
| 8-K - PENN TRAFFIC CO | v199735_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: September 25,
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
|
X
|
||||||
|
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
|
10/22/10
|
|
|
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:
September 25, 2010
|
MONTHLY
OPERATING REPORT
|
Summary
of Cases
|
||
|
Debtor
|
Case
Number
|
|
|
The
Penn Traffic Company, Debtor
|
09-14078
(PJW)
|
|
|
(1)
|
Sunrise
Properties, Debtor
|
09-14079
(PJW)
|
|
(1)
|
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)
|
|
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)
|
|
(1)
|
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: September 25,
2010
|
In
re: The Penn Traffic Company, et al
Debtors
|
8/29
- 9/25 Total Cash Flow
|
||||||||||||||||||||||||
|
($
in thousands)
|
8/29
- 9/25
|
Cumulative
|
||||||||||||||||||||||
|
9-4-10
|
9-11-10
|
9-18-10
|
9-25-10
|
Total
|
to
Date
|
|||||||||||||||||||
|
Cash
Receipts:
|
||||||||||||||||||||||||
|
Store
Cash
|
$ | - | $ | - | $ | - | $ | - | $ | - | $ | 351 | ||||||||||||
|
Sales
Receipts
|
- | - | - | - | - | 94,177 | ||||||||||||||||||
|
A/R
Vendors
|
391 | 71 | 114 | 4 | 581 | 23,281 | ||||||||||||||||||
|
Sale
Proceeds
|
- | - | - | - | - | 86,501 | ||||||||||||||||||
|
Topco
Dividend
|
- | - | - | - | - | - | ||||||||||||||||||
|
Vendor
Deposits
|
275 | - | - | - | 275 | (1,176 | ) | |||||||||||||||||
|
Utility
Deposits
|
- | - | - | - | - | (723 | ) | |||||||||||||||||
|
Other
Receivables
|
- | - | - | - | - | 101 | ||||||||||||||||||
|
Miscellaneous
|
- | - | - | - | - | 20,299 | ||||||||||||||||||
|
Return
of GE/Kimco Escrow Funds
|
- | - | - | - | - | 600 | ||||||||||||||||||
|
Disputed
Amounts/Litigation
|
- | - | - | - | - | - | ||||||||||||||||||
|
LC
Collateral and Fees
|
- | - | - | - | - | - | ||||||||||||||||||
|
Prepaid
Expenses
|
- | - | - | - | - | - | ||||||||||||||||||
|
Other
Assets
|
- | - | - | - | - | 156 | ||||||||||||||||||
|
Pharmacy
|
11 | 8 | 5 | 7 | 30 | 42,049 | ||||||||||||||||||
|
Funds
Transferred Cure Cost Escrow
|
- | - | - | - | - | (1,087 | ) | |||||||||||||||||
|
Funds
Transferred Closing Issues Escrow
|
- | - | - | - | - | (18 | ) | |||||||||||||||||
|
Funds
Transferred Prof Carve Out Escrow
|
- | - | - | - | - | (2,279 | ) | |||||||||||||||||
|
Total
Receipts
|
677 | 79 | 119 | 11 | 886 | 262,230 | ||||||||||||||||||
|
Cash
Disbursements:
|
||||||||||||||||||||||||
|
Employee
Expenses:
|
||||||||||||||||||||||||
|
Store
Payroll, Taxes & Benefits
|
- | - | - | - | - | 27,664 | ||||||||||||||||||
|
Corporate
Payroll
|
11 | 11 | 37 | 5 | 64 | 4,422 | ||||||||||||||||||
|
Corporate
Taxes and Benefits
|
5 | 4 | 26 | 2 | 38 | 2,243 | ||||||||||||||||||
|
Retention
|
- | - | - | - | - | - | ||||||||||||||||||
|
Total
Payroll, Taxes & Benefits
|
16 | 15 | 63 | 8 | 102 | 34,329 | ||||||||||||||||||
|
Operating
Expenses:
|
||||||||||||||||||||||||
|
Rent/Mortgage
|
- | - | - | 10 | 10 | 3,482 | ||||||||||||||||||
|
Utilities
|
- | 1 | - | 0 | 1 | 3,667 | ||||||||||||||||||
|
Supplies
|
- | - | - | - | - | 267 | ||||||||||||||||||
|
Accounts
Payable
|
12 | 40 | 153 | 40 | 245 | 97,895 | ||||||||||||||||||
|
401K
|
- | - | - | - | - | - | ||||||||||||||||||
|
Insurance
Premiums
|
- | - | - | - | - | 421 | ||||||||||||||||||
|
Medical
Tail
|
10 | - | - | - | 10 | 512 | ||||||||||||||||||
|
Workmans
Comp Claims
|
- | - | - | - | - | 2,436 | ||||||||||||||||||
|
Information
Technology
|
- | - | - | - | - | - | ||||||||||||||||||
|
Taxes
|
- | - | - | - | - | 143 | ||||||||||||||||||
|
Sales
Tax
|
- | - | - | - | - | 2,681 | ||||||||||||||||||
|
Travel
|
- | - | - | - | - | 7 | ||||||||||||||||||
|
Other
|
3 | - | 3 | - | 6 | 76,355 | ||||||||||||||||||
|
Miscellaneous
|
- | - | - | - | - | 7,846 | ||||||||||||||||||
|
Contingency
|
- | - | - | - | - | - | ||||||||||||||||||
|
Total
Operating Expenses
|
25 | 40 | 156 | 50 | 271 | 195,711 | ||||||||||||||||||
|
Union:
|
||||||||||||||||||||||||
|
Medical
|
- | - | - | - | - | 5,449 | ||||||||||||||||||
|
Pension
|
- | - | - | - | - | 1,161 | ||||||||||||||||||
|
Union
Claims
|
- | - | - | - | - | 48 | ||||||||||||||||||
|
Total
Union Expenses
|
- | - | - | - | - | 6,658 | ||||||||||||||||||
|
Bankruptcy
Expenses:
|
||||||||||||||||||||||||
|
Professional
Fees
|
- | - | 1,633 | - | 1,633 | 10,211 | ||||||||||||||||||
|
UST
Fees
|
- | - | - | - | - | 108 | ||||||||||||||||||
|
Claims
Agent
|
- | - | 25 | 16 | 41 | 1,419 | ||||||||||||||||||
|
Cure
Costs
|
- | - | 51 | 8 | 59 | 3,254 | ||||||||||||||||||
|
Administrative
Claims/Other
|
- | - | - | - | - | - | ||||||||||||||||||
|
Total
Bankruptcy Expenses
|
- | - | 1,709 | 24 | 1,733 | 14,992 | ||||||||||||||||||
|
Total
Disbursements
|
40 | 56 | 1,928 | 82 | 2,106 | 251,691 | ||||||||||||||||||
|
Net
Cash Flows
|
637 | 23 | (1,809 | ) | (70 | ) | (1,220 | ) | 10,540 | |||||||||||||||
|
In
re The Penn Traffic Company, et al
|
Case
No. 09-14078 (PJW)
|
|
|
Debtor
|
MOR
1B
|
Reporting
Period: September 25, 2010
|
|
SCHEDULE
OF PROFESSIONAL FEES AND EXPENSES
PAID
|
||
|
Amount
|
Check
|
Amount
Paid
|
Year-To-Date
|
Retainer
Information
|
||||||||||||||||||
|
Payee
|
Period
Covered
|
Approved
|
Payor
|
Number
|
Date
|
Fees
|
Expenses
|
Adjustment
|
Fees
|
Expenses
|
Notes
|
|||||||||||
|
Donlin
Recano
|
40,000.00 |
Penn
Traffic
|
40,000.00 | 40,000.00 | - |
Partially
Paid with Retainer
|
||||||||||||||||
|
Donlin
Recano
|
11/1/09
-11/30/09
|
122,573.75 |
Penn
Traffic
|
28195676 |
1/21/2010
|
91,343.67 | 31,230.08 | 131,343.67 | 31,230.08 | |||||||||||||
|
Donlin
Recano
|
12/22/2009
|
4,500.00 |
Penn
Traffic
|
28274814 |
12/24/09
|
- | 4,500.00 | 131,343.67 | 35,730.08 | |||||||||||||
|
Donlin
Recano
|
12/1/09
-12/31/09
|
123,854.43 |
Penn
Traffic
|
28602926 |
1/21/2010
|
105,964.83 | 17,889.60 | 237,308.50 | 53,619.68 | |||||||||||||
|
Donlin
Recano
|
1/6/10
- 1/8/2010
|
20,500.00 |
Penn
Traffic
|
28481927 |
1/12/10
|
- | 20,500.00 | 237,308.50 | 74,119.68 | |||||||||||||
|
Donlin
Recano
|
1/24/2010
|
4,150.00 |
Penn
Traffic
|
0000467 | A |
1/25/2010
|
- | 4,150.00 | 237,308.50 | 78,269.68 | ||||||||||||
|
Donlin
Recano
|
1/1/10
- 1/31/10
|
276,170.57 |
Penn
Traffic
|
265117 |
2/24/2010
|
243,243.15 | 32,927.42 | 480,551.65 | 111,197.10 | |||||||||||||
|
Donlin
Recano
|
2/17/2010
|
3,900.00 |
Penn
Traffic
|
28943367 |
1/17/2010
|
- | 3,900.00 | 480,551.65 | 115,097.10 | |||||||||||||
|
Donlin
Recano
|
3/9/10
- 3/10/10
|
14,625.00 |
Penn
Traffic
|
29190692 |
3/8/2010
|
- | 14,625.00 | 480,551.65 | 129,722.10 | |||||||||||||
|
Donlin
Recano
|
2/1/10
- 2/28/10
|
97,135.82 |
Penn
Traffic
|
29349310 |
3/19/2010
|
75,778.62 | 21,357.20 | 556,330.27 | 151,079.30 | |||||||||||||
|
Donlin
Recano
|
3/1/10
- 3/31/10
|
183,424.00 |
Penn
Traffic
|
WIRE30154484
|
5/21/2010
|
169,244.03 | 14,179.97 | 725,574.30 | 165,259.27 | |||||||||||||
|
Donlin
Recano
|
4/1/10
- 4/30/10
|
131,894.83 |
Penn
Traffic
|
WIRE30154484
|
5/21/2010
|
119,310.64 | 12,584.19 | 844,884.94 | 177,843.46 | |||||||||||||
|
Donlin
Recano
|
5/1/10
- 5/31/10
|
154,128.55 |
Penn
Traffic
|
WIRE30459102
|
6/16/2010
|
141,705.54 | 12,423.01 | 986,590.48 | 190,266.47 | |||||||||||||
|
Donlin
Recano
|
5/27/2010
|
2,200.00 |
Penn
Traffic
|
WIRE30476011
|
6/17/2010
|
- | 2,200.00 | 986,590.48 | 192,466.47 | |||||||||||||
|
Donlin
Recano
|
6/14/2010
|
1,500.00 |
Penn
Traffic
|
WIRE30476011
|
6/17/2010
|
- | 1,500.00 | 986,590.48 | 193,966.47 | |||||||||||||
|
Donlin
Recano
|
6/16/10
- 6/28/10
|
14,000.00 |
Penn
Traffic
|
WIRE30560637
|
6/23/2010
|
- | 14,000.00 | 986,590.48 | 207,966.47 | |||||||||||||
|
Donlin
Recano
|
6/1/10
- 6/30/10
|
152,714.62 |
Penn
Traffic
|
1268-008 |
7/15/2010
|
139,856.66 | 12,857.62 | 1,126,447.14 | 220,824.09 | |||||||||||||
|
Donlin
Recano
|
7/1/10
- 7/31/10
|
68,592.48 |
Penn
Traffic
|
WIRE8
|
8/18/2010
|
63,206.21 | 5,386.27 | 1,189,653.35 | 226,210.36 | |||||||||||||
|
Donlin
Recano
|
8/1/10
- 8/31/10
|
25,306.91 |
Penn
Traffic
|
WIRE0011
|
9/16/2010
|
23,967.89 | 1,339.02 | 1,213,621.24 | 227,549.38 | |||||||||||||
|
Donlin
Recano
|
9/21/2010
|
15,500.00 |
Penn
Traffic
|
WIRE0017
|
9/22/2010
|
- | 15,500.00 | 1,213,621.24 | 243,049.38 | |||||||||||||
|
Conway,
Del Genio, Greis
|
11/18/09
- 11/30/09
|
66,590.09 |
Penn
Traffic
|
60,000.00 | 6,590.09 | 60,000.00 | 6,590.09 |
Paid
with Retainer
|
||||||||||||||
|
Conway,
Del Genio, Greis
|
12/1/09
- 12/31/09
|
162,686.75 |
Penn
Traffic
|
28865298 |
2/10/2010
|
150,000.00 | 12,686.75 | 210,000.00 | 19,276.84 |
Partially
Paid with Retainer
|
||||||||||||
|
Conway,
Del Genio, Greis
|
1/1/10
- 1/31/10
|
155,760.20 |
Penn
Traffic
|
262967 |
1/7/2010
|
150,000.00 | 5,760.20 | 360,000.00 | 25,037.04 | |||||||||||||
|
Conway,
Del Genio, Greis
|
2/1/10
- 2/28/10
|
163,245.66 |
Penn
Traffic
|
28865298 |
2/2/2010
|
150,000.00 | 13,245.66 | 510,000.00 | 38,282.70 | |||||||||||||
|
Conway,
Del Genio, Greis
|
3/1/10
- 3/31/10
|
164,893.51 |
Penn
Traffic
|
29274664 |
3/8/2010
|
150,000.00 | 14,893.51 | 660,000.00 | 53,176.21 | |||||||||||||
|
Conway,
Del Genio, Greis
|
4/1/10
- 4/30/10
|
165,450.35 |
Penn
Traffic
|
29709119 |
4/16/2010
|
150,000.00 | 15,450.35 | 810,000.00 | 68,626.56 | |||||||||||||
|
Conway,
Del Genio, Greis
|
5/1/10
- 5/31/10
|
162,556.36 |
Penn
Traffic
|
30133205 |
5/20/2010
|
150,000.00 | 12,556.36 | 960,000.00 | 81,182.92 | |||||||||||||
|
Conway,
Del Genio, Greis
|
6/1/10
- 6/30/10
|
152,313.62 |
Penn
Traffic
|
WIRE30359562
|
6/8/2010
|
140,000.00 | 12,313.62 | 1,100,000.00 | 93,496.54 | |||||||||||||
|
Conway,
Del Genio, Greis
|
Restructuring
Fee
|
1,250,000.00 |
Penn
Traffic
|
WIRE30613127
|
6/29/2010
|
1,250,000.00 | - | 2,350,000.00 | 93,496.54 | |||||||||||||
|
Conway,
Del Genio, Greis
|
Final
Exp billing
|
13,860.69 |
Penn
Traffic
|
2322 |
7/8/2010
|
- | 13,860.69 | 2,350,000.00 | 107,357.23 | |||||||||||||
|
Fulbright
& Jaworski
|
11/18/09
- 11/30/09
|
62,378.72 |
Penn
Traffic
|
27761495 |
11/17/2009
|
49,203.20 | 874.72 | 49,203.20 | 874.72 |
Partially Paid with Retainer
|
||||||||||||
|
Fulbright
& Jaworski
|
12/1/09
-12/31/09
|
97,457.23 |
Penn
Traffic
|
28944754 |
2/17/2010
|
76,684.60 | 1,601.48 | 125,887.80 | 2,476.20 | |||||||||||||
|
Fulbright
& Jaworski
|
1/1/10
- 1/31/10
|
77,812.61 |
Penn
Traffic
|
29363535 |
3/22/2010
|
59,992.20 | 2,822.36 | 185,880.00 | 5,298.56 | |||||||||||||
|
Fulbright
& Jaworski
|
2/1/10
- 2/28/10
|
38,335.78 |
Penn
Traffic
|
29616130 |
4/9/2010
|
28,893.20 | 2,219.28 | 214,773.20 | 7,517.84 | |||||||||||||
|
Fulbright
& Jaworski
|
11/18/09
- 2/28/10
|
NA
|
Penn
Traffic
|
30154540 |
5/21/2010
|
53,693.30 | - | (3,000.00 | ) | 265,466.50 | 7,517.84 | |||||||||||
|
Fulbright
& Jaworski
|
3/1/10
- 3/31/10
|
57,770.15 |
Penn
Traffic
|
30015725 |
5/11/2010
|
45,734.60 | 601.90 | 311,201.10 | 8,119.74 | |||||||||||||
|
Fulbright
& Jaworski
|
4/1/10
- 4/30/10
|
37,489.93 |
Penn
Traffic
|
WIRE30459125
|
6/16/2010
|
28,967.20 | 1,280.93 | 340,168.30 | 9,400.67 | |||||||||||||
|
Fulbright
& Jaworski
|
5/1/10
- 5/31/10
|
16,881.68 |
Penn
Traffic
|
WIRE30723578
|
7/8/2010
|
13,323.60 | 227.18 | 353,491.90 | 9,627.85 | |||||||||||||
|
Fulbright
& Jaworski
|
6/1/10
- 6/31/10
|
6,527.60 |
Penn
Traffic
|
213 |
9/16/2010
|
4,640.00 | 727.60 | 358,131.90 | 10,355.45 | |||||||||||||
|
Fulbright
& Jaworski
|
3/1/10
- 5/31/10
|
NA
|
Penn
Traffic
|
WIRE0012
|
9/17/2010
|
22,006.35 | - | 380,138.25 | 10,355.45 | |||||||||||||
|
Otterbourg, Steindler, Houston
|
12/2/09
- 12/31/09
|
348,408.72 |
Penn
Traffic
|
29055915 |
2/25/2010
|
276,294.00 | 3,041.22 | 276,294.00 | 3,041.22 | |||||||||||||
|
Otterbourg,
Steindler, Houston
|
1/1/10
- 1/31/10
|
306,265.83 |
Penn
Traffic
|
29363581 |
3/22/2010
|
237,465.60 | 9,433.83 | 513,759.60 | 12,475.05 | |||||||||||||
|
Otterbourg,
Steindler, Houston
|
2/1/10
- 2/28/10
|
88,178.00 |
Penn
Traffic
|
29779154 |
4/22/2010
|
68,374.00 | 2,710.50 | 582,133.60 | 15,185.55 | |||||||||||||
|
Otterbourg,
Steindler, Houston
|
12/2/09
- 2/28/09
|
NA
|
Penn
Traffic
|
30154627 |
5/21/2010
|
145,533.40 | - | (5,992.00 | ) | 721,675.00 | 15,185.55 |
Fee
Examiner and Unbilled
|
||||||||||
|
Otterbourg,
Steindler, Houston
|
3/1/10
- 3/31/10
|
85,369.41 |
Penn
Traffic
|
31033296 |
5/20/2010
|
67,205.60 | 1,362.41 | 788,880.60 | 16,547.96 | |||||||||||||
|
Otterbourg,
Steindler, Houston
|
4/1/10
- 4/30/10
|
147,248.75 |
Penn
Traffic
|
WIRE30459164
|
6/16/2010
|
116,210.80 | 1,985.25 | 905,091.40 | 18,533.21 | |||||||||||||
|
Otterbourg,
Steindler, Houston
|
5/1/10
- 5/31/10
|
178,074.69 |
Penn
Traffic
|
WIRE30913555
|
7/23/2010
|
140,554.00 | 2,382.19 | 1,045,645.40 | 20,915.40 | |||||||||||||
|
Otterbourg,
Steindler, Houston
|
3/1/10
- 5/31/10
|
NA
|
Penn
Traffic
|
WIRE3
|
8/3/2010
|
80,992.60 | - | (1,500.00 | ) | 1,125,138.00 | 20,915.40 | |||||||||||
|
Otterbourg,
Steindler, Houston
|
6/1/10
-6/30/10
|
189,507.16 |
Penn
Traffic
|
WIRE6
|
8/12/2010
|
150,245.60 | 1,700.16 | 1,275,383.60 | 22,615.56 | |||||||||||||
|
Otterbourg,
Steindler, Houston
|
7/1/10
- 7/31/10
|
122,054.44 |
Penn
Traffic
|
WIRE0013
|
9/17/2010
|
96,038.40 | 2,006.44 | 1,371,422.00 | 24,622.00 | |||||||||||||
|
Haynes
and Boone
|
11/18/09
- 11/30/10
|
286,068.80 |
Penn Traffic
|
224,657.20 | 5,247.30 | 224,657.20 | 5,247.30 |
Paid
with Retainer
|
||||||||||||||
|
Haynes
and Boone
|
12/1/09
- 12/31/10
|
623,695.12 |
Penn
Traffic
|
29517366 |
4/1/2010
|
492,994.40 | 7,452.12 | 717,651.60 | 12,699.42 |
Partially
Paid with Retainer
|
||||||||||||
|
Haynes
and Boone
|
1/1/10
- 1/31/10
|
858,782.53 |
Penn
Traffic
|
29965870 |
5/6/2010
|
677,477.60 | 11,935.53 | 1,395,129.20 | 24,634.95 | |||||||||||||
|
Haynes
and Boone
|
2/1/10
- 2/28/10
|
428,310.48 |
Penn
Traffic
|
29982484 |
5/7/2010
|
331,599.40 | 13,811.23 | 1,726,728.60 | 38,446.18 | |||||||||||||
|
Haynes
and Boone
|
11/18/09
- 2/28/10
|
NA
|
Penn
Traffic
|
30154572 |
5/21/2010
|
431,682.15 | - | (31,691.25 | ) | 2,126,719.50 | 38,446.18 | |||||||||||
|
Haynes
and Boone
|
3/1/10
- 3/31/10
|
387,058.30 |
Penn
Traffic
|
WIRE30459145
|
6/16/2010
|
304,031.00 | 7,019.55 | 2,430,750.50 | 45,465.73 | |||||||||||||
|
Haynes
and Boone
|
4/1/10
- 6/30/10
|
1,006,353.54 |
Penn
Traffic
|
WIRE0014
|
9/17/2010
|
791,319.80 | 17,203.79 | (8,800.00 | ) | 3,213,270.30 | 62,669.52 | |||||||||||
|
Haynes
and Boone
|
3/1/10
-5/31/10
|
NA
|
Penn
Traffic
|
WIRE0014
|
9/17/2010
|
211,556.15 | - | 3,424,826.45 | 62,669.52 | |||||||||||||
|
Morris,
Nichols, Arsht & Tunnell
|
11/18/09
- 11/30/09
|
58,869.13 |
Penn
Traffic
|
37,213.60 | 12,352.13 | 37,213.60 | 12,352.13 |
Paid
with Retainer
|
||||||||||||||
|
Morris,
Nichols, Arsht & Tunnell
|
12/1/09
- 12/31/10
|
119,798.11 |
Penn
Traffic
|
29396065 |
3/24/2010
|
92,043.60 | 4,743.61 | 129,257.20 | 17,095.74 |
Partially
Paid with Retainer
|
||||||||||||
|
Morris,
Nichols, Arsht & Tunnell
|
1/1/10
- 1/31/10
|
119,628.87 |
Penn
Traffic
|
29689519 |
4/16/2010
|
89,082.40 | 8,275.87 | 218,339.60 | 25,371.61 | |||||||||||||
|
Morris,
Nichols, Arsht & Tunnell
|
2/1/10
- 2/28/10
|
64,693.86 |
Penn
Traffic
|
29779098 |
4/22/2010
|
50,589.60 | 1,456.86 | 268,929.20 | 26,828.47 | |||||||||||||
|
Morris,
Nichols, Arsht & Tunnell
|
11/18/09
- 2/28/10
|
NA
|
Penn
Traffic
|
30154600 |
5/21/2010
|
67,232.30 | - | (2,250.00 | ) | 336,161.50 | 26,828.47 | |||||||||||
|
Morris,
Nichols, Arsht & Tunnell
|
3/1/10
-5/31/10
|
146,907.63 |
Penn
Traffic
|
WIRE0015
|
9/17/2010
|
113,330.80 | 5,244.13 | 449,492.30 | 32,072.60 | |||||||||||||
|
Morris,
Nichols, Arsht & Tunnell
|
3/1/10
-5/31/10
|
NA
|
Penn
Traffic
|
WIRE0015
|
9/17/2010
|
28,332.70 | - | 477,825.00 | 32,072.60 | |||||||||||||
|
Morris,
Nichols, Arsht & Tunnell
|
6/1/10
- 7/31/10
|
105,606.83 |
Penn
Traffic
|
WIRE0015
|
9/17/2010
|
80,600.80 | 4,855.83 | 558,425.80 | 36,928.43 | |||||||||||||
|
Stevens
& Lee
|
12/2/09
- 12/31/09
|
99,314.75 |
Penn
Traffic
|
29396150 |
3/24/2010
|
78,304.40 | 1,434.25 | 78,304.40 | 1,434.25 | |||||||||||||
|
Stevens
& Lee
|
1/1/10
- 1/31/10
|
76,199.69 |
Penn
Traffic
|
29396150 |
3/24/2010
|
59,384.00 | 1,969.69 | 137,688.40 | 3,403.94 | |||||||||||||
|
Stevens
& Lee
|
2/1/10
- 2/28/10
|
29,112.30 |
Penn
Traffic
|
29779179 |
4/22/2010
|
22,411.20 | 1,098.30 | 160,099.60 | 4,502.24 | |||||||||||||
|
Stevens
& Lee
|
12/2/09
- 2/28/10
|
NA
|
Penn
Traffic
|
30154653 |
5/21/2010
|
40,024.90 | - | (2,500.00 | ) | 200,124.50 | 4,502.24 | |||||||||||
|
Stevens
& Lee
|
3/1/10
- 3/31/10
|
18,628.45 |
Penn
Traffic
|
30133608 |
5/20/2010
|
13,923.20 | 1,224.45 | 214,047.70 | 5,726.69 | |||||||||||||
|
Stevens
& Lee
|
4/1/10
- 4/30/10
|
13,613.65 |
Penn
Traffic
|
WIRE30544194
|
6/22/2010
|
10,166.40 | 905.65 | 224,214.10 | 6,632.34 | |||||||||||||
|
Stevens
& Lee
|
3/1/10
- 5/31/10
|
NA
|
Penn
Traffic
|
WIRE9
|
8/18/2010
|
7,466.70 | - | 231,680.80 | 6,632.34 | |||||||||||||
|
Stevens
& Lee
|
5/1/10
- 5/31/10
|
8,078.44 |
Penn
Traffic
|
211 |
9/16/2010
|
5,777.20 | 856.94 | 237,458.00 | 7,489.28 | |||||||||||||
|
Stevens
& Lee
|
6/1/10
- 6/30/10
|
12,748.59 |
Penn
Traffic
|
211 |
9/16/2010
|
8,529.60 | 2,086.59 | 245,987.60 | 9,575.87 | |||||||||||||
|
Stevens
& Lee
|
7/1/10
- 7/31/10
|
11,192.67 |
Penn
Traffic
|
219 |
9/23/2010
|
8,180.80 | 966.67 | 254,168.40 | 10,542.54 | |||||||||||||
|
FTI
Consulting
|
12/2/09
- 12/31/09
|
183,921.14 |
Penn
Traffic
|
29517307 |
4/1/2010
|
146,471.20 | 832.14 | 146,471.20 | 832.14 | |||||||||||||
|
FTI
Consulting
|
1/1/10
- 1/31/10
|
73,330.49 |
Penn
Traffic
|
WIRE30544285
|
6/22/2010
|
57,936.40 | 909.99 | 204,407.60 | 1,742.13 | |||||||||||||
|
FTI
Consulting
|
2/1/10
- 2/28/10
|
16,014.18 |
Penn
Traffic
|
WIRE30544285
|
6/22/2010
|
12,777.60 | 42.18 | 217,185.20 | 1,784.31 | |||||||||||||
|
FTI
Consulting
|
12/1/09
- 2/28/10
|
NA
|
Penn
Traffic
|
WIRE7
|
8/18/2010
|
54,296.30 | - | 271,481.50 | 1,784.31 | |||||||||||||
|
FTI
Consulting
|
3/1/10
- 5/31/10
|
62,996.88 |
Penn
Traffic
|
WIRE0016
|
9/17/2010
|
61,294.00 | 1,702.88 | |||||||||||||||
|
BTB
Associates, LLC
|
1/7/10
- 3/31/10
|
13,584.80 |
Penn
Traffic
|
266023 |
5/7/2010
|
10,844.00 | 29.80 | 10,844.00 | 29.80 | |||||||||||||
|
BTB
Associates, LLC
|
1/1/10
- 5/31/10
|
NA
|
Penn
Traffic
|
212 |
9/16/2010
|
5,608.00 | 16,452.00 | 29.80 | ||||||||||||||
|
BTB
Associates, LLC
|
6/1/10
- 7/31/10
|
6,532.98 |
Penn
Traffic
|
212 |
9/16/2010
|
5,200.00 | 32.98 | 21,652.00 | 62.78 | |||||||||||||
|
WDC
Solutions, Ltd.
|
7/1/10
- 7/31/10
|
67,388.03 |
Penn
Traffic
|
WIRE10
|
8/23/2010
|
50,000.00 | 17,388.03 | 50,000.00 | 17,388.03 | |||||||||||||
|
WDC
Solutions, Ltd.
|
8/1/10
- 8/31/10
|
65,232.86 |
Penn
Traffic
|
199 |
9/16/2010
|
50,000.00 | 15,232.86 | 100,000.00 | 32,620.89 | |||||||||||||
|
Total
|
10,737,451.99 | 10,058,012.89 | 531,695.41 | (55,733.25 | ) | |||||||||||||||||
|
In
re The Penn Traffic Company, et al
|
Case
No. 09-14078 (PJW)
|
|
Debtors
|
Reporting
Period: September 25,
2010
|
MOR
2
Consolidated
Statement of Operations
(In
thousands)
Unaudited
|
Penn
|
Commander
|
Pennway
|
Penny
|
Sunrise
|
Penn
Traffic
|
Consolidated
|
||||||||||||||||||||||
|
Traffic
|
Foods
|
Express
|
Curtiss
|
Properties
|
Eliminations
|
Penn
Traffic
|
||||||||||||||||||||||
|
Revenues
|
$ | 27 | $ | - | $ | - | $ | - | $ | 27 | ||||||||||||||||||
|
Cost
and Operating Expenses
|
||||||||||||||||||||||||||||
|
Cost
of sales
|
- | - | - | |||||||||||||||||||||||||
|
Selling
and administrative expenses
|
0 | 104 | - | 104 | ||||||||||||||||||||||||
|
Asset
impairment charge
|
- | - | - | - | - | - | - | |||||||||||||||||||||
|
Goodwill
impairment charge
|
- | - | - | - | - | - | - | |||||||||||||||||||||
|
Operating
Income
|
27 | (104 | ) | - | - | - | - | (77 | ) | |||||||||||||||||||
|
Interest
expense
|
- | - | - | - | - | - | - | |||||||||||||||||||||
|
Reorganization
expense
|
- | - | - | - | - | - | - | |||||||||||||||||||||
|
(Loss)
Income from continuing operations before taxes
|
27 | (104 | ) | - | - | - | - | (77 | ) | |||||||||||||||||||
|
Provision
for income taxes
|
- | - | - | - | - | - | - | |||||||||||||||||||||
|
(Loss)
Income before loss from discontinued operations, net of
tax
|
27 | (104 | ) | - | - | - | - | (77 | ) | |||||||||||||||||||
|
(Loss)
income from discontinued operations, net of tax
|
- | - | - | - | - | - | ||||||||||||||||||||||
|
(Loss)
Income before extraordinary item
|
27 | (104 | ) | - | - | - | - | (77 | ) | |||||||||||||||||||
|
Extraordinary
item
|
- | - | - | - | - | - | - | |||||||||||||||||||||
|
Net
(Loss) Income
|
$ | 27 | $ | (104 | ) | $ | - | $ | - | $ | - | $ | - | $ | (77 | ) | ||||||||||||
(1) The
following legal entities: Big M Supermarkets, Inc., PT Fayetteville/Utica, LLC,
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.
|
In
re: The Penn Traffic Company, et al
|
Case
No. 09-14078 (PJW)
|
|
Debtors
|
Reporting
Period: September 25, 2010
|
MOR
3
Consolidated
Balance Sheet
As
of August 28, 2010
Unaudited
(In
Thousands)
|
Penn
|
Commander
|
Pennway
|
Penny
|
Sunrise
|
Penn
Traffic
|
Consolidated
|
||||||||||||||||||||||||||
|
Traffic
|
Foods
|
Big
M
|
Express
|
Curtiss
|
Properties
|
Eliminations
|
Penn
Traffic
|
|||||||||||||||||||||||||
|
ASSETS
|
||||||||||||||||||||||||||||||||
|
Current
Assets:
|
||||||||||||||||||||||||||||||||
|
Cash
and short-term investments
|
36,542 | - | - | - | - | - | - | 36,542 | ||||||||||||||||||||||||
|
Accounts
and notes receivables
|
9,657 | - | - | 128 | - | - | - | 9,785 | ||||||||||||||||||||||||
|
Inventories
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Prepaid
expenses and other current assets
|
318 | - | - | - | - | - | - | 318 | ||||||||||||||||||||||||
|
Assets
Held for Sale
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| 46,517 | - | - | 128 | - | - | - | 46,645 | |||||||||||||||||||||||||
|
Noncurrent
Assets:
|
||||||||||||||||||||||||||||||||
|
Capital
leases
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Property,
plant and equipment
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Goodwill
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Intangible
assets
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Other
assets
|
31,631 | - | - | - | - | - | - | 31,631 | ||||||||||||||||||||||||
| 78,148 | - | - | 128 | - | - | - | 78,276 | |||||||||||||||||||||||||
|
LIABILITIES
AND STOCKHOLDERS' EQUITY
|
||||||||||||||||||||||||||||||||
|
Current
Liabilities:
|
||||||||||||||||||||||||||||||||
|
Current
portion of obligations under capital leases
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Current
maturities under long-term debt
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Trade
account and drafts payables
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Other
current liabilities
|
14,289 | - | - | - | - | - | - | 14,289 | ||||||||||||||||||||||||
|
Accrued
interest expense
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Deferred
income taxes
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| 14,289 | - | - | - | - | - | - | 14,289 | |||||||||||||||||||||||||
|
Intercompany
payables
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Noncurrent
Liabilities:
|
||||||||||||||||||||||||||||||||
|
Obligations
under capital leases
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Long-term
debt
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Deferred
income taxes
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Other
noncurrent liabilities
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Total
Liabilities Subject to Compromise
|
77,681 | - | - | - | 2,609 | - | - | 80,290 | ||||||||||||||||||||||||
|
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
|
(141,813 | ) | - | (20 | ) | 127 | (2,659 | ) | (1 | ) | - | (144,366 | ) | |||||||||||||||||||
|
Accumulated
other comprehensive loss
|
(270 | ) | - | - | - | - | - | - | (270 | ) | ||||||||||||||||||||||
|
Total
Stockholders Equity
|
(13,821 | ) | - | - | 128 | (2,609 | ) | - | - | (16,302 | ) | |||||||||||||||||||||
| 78,149 | - | - | 128 | - | - | - | 78,277 | |||||||||||||||||||||||||
(1)
Balance does not include any contingent claims such as multi-employer pension
plans that is expected to increase the liabilities above the value of any assets
of the company.
|
In
re: The Penn Traffic Company, et al
|
Case
No. 09-14078 (PJW)
|
|
|
Debtors
|
Reporting
Period: Sept. 25, 2010
|
|
|
MOR
4
|
||
|
Status
of Post Petition Taxes
|
|
08/29/10
|
9/25/10
|
||||||||||||||||||
|
Beginning
|
Amount
Withheld
|
Amount
|
Date
|
Check
No.
|
Ending
|
||||||||||||||
|
Tax
Liability
|
or
Accrued
|
Paid
|
Paid
|
or
EFT
|
Tax
Liability
|
||||||||||||||
|
Federal
|
|||||||||||||||||||
|
Withholding
|
- | (20,501 | ) | 20,501 |
09/15/10
|
- | |||||||||||||
|
FICA
-Employee
|
- | (5,756 | ) | 27 |
09/01/10
|
(0.00 | ) | ||||||||||||
| 19 |
09/09/10
|
||||||||||||||||||
| 5,700 |
09/15/10
|
||||||||||||||||||
| 11 |
09/22/10
|
||||||||||||||||||
|
FICA
-Employer
|
- | (5,757 | ) | 27 |
09/01/10
|
(0.00 | ) | ||||||||||||
| 19 |
09/09/10
|
||||||||||||||||||
| 5,700 |
09/15/10
|
||||||||||||||||||
| 11 |
09/22/10
|
||||||||||||||||||
|
Totals
|
- | (32,014 | ) | 32,014 | (0.00 | ) | |||||||||||||
|
Unemployment
|
- | - | - | - | |||||||||||||||
|
Income
|
|||||||||||||||||||
|
Other
|
|||||||||||||||||||
|
Total
Federal Taxes
|
- | (32,014 | ) | 32,014 | (0.00 | ) | |||||||||||||
|
State
|
|||||||||||||||||||
|
Withholding-
NY
|
- | (10,638 | ) | 4,275 |
09/01/10
|
- | |||||||||||||
| 837 |
09/09/10
|
||||||||||||||||||
| 836 |
09/16/10
|
||||||||||||||||||
| 4,689 |
09/22/10
|
||||||||||||||||||
|
Total
State Withholding
|
- | (10,638 | ) | 10,638 | - | ||||||||||||||
|
Local
Taxes
|
|||||||||||||||||||
|
Total
Local Taxes
|
- | - | - | - | |||||||||||||||
|
Sales
|
|||||||||||||||||||
|
Total
Sales Tax
|
- | - | - | - | |||||||||||||||
|
Excise
|
|||||||||||||||||||
|
Total
Excise
|
- | - | - | - | |||||||||||||||
|
Other
|
|||||||||||||||||||
|
Total
Other
|
- | - | - | - | |||||||||||||||
|
Total
Taxes
|
- | (42,652 | ) | 42,652 | (0.00 | ) | |||||||||||||
|
In
re: The Penn Traffic Company et al
|
Case
No. 09-14978 (PJW)
|
|
|
Debtors
|
Reporting
Period: September 25, 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
|
0 | 0 | ||||||||||||||||||||||
|
Wages
Payable
|
14,551 | 14,551 | ||||||||||||||||||||||
|
Taxes
Payable
|
0 | 0 | ||||||||||||||||||||||
|
Rent/Leases-Building
|
66,980 | 66,980 | ||||||||||||||||||||||
|
Rent/Leases-Equipment
|
0 | |||||||||||||||||||||||
|
Secured
Debt/Adequate Protection Payments
|
0 | |||||||||||||||||||||||
|
Professional
Fees
|
234,296 | 234,296 | ||||||||||||||||||||||
|
Amounts
Due to Insiders
|
0 | |||||||||||||||||||||||
|
Other
Accrued Liabilities
|
167,316 | 167,316 | ||||||||||||||||||||||
|
Other:_____________________
|
0 | |||||||||||||||||||||||
|
Total
Postpetition Debts
|
416,163 | 0 | 0 | 0 | 66,980 | 483,143 | ||||||||||||||||||
|
In
re
|
The
Penn Traffic Company
|
Case
N09 -14078 (PJW)
|
|
|
Debtor
|
Reporting
Per September 25,
2010
|
ACCOUNTS
RECEIVABLE RECONCILIATION AND AGING
MOR
5a
|
Accounts
Receivable Reconciliation
|
Amount
|
|||
|
Total
Accounts Receivable at the beginning of the reporting period
|
$ | 9,997,126 | ||
|
+
Amounts billed during the period (Aged)
|
||||
|
-
Amounts collected during the period (Aged)
|
$ | 208,444 | ||
|
-
Amounts collected during the period (Not Aged)
|
$ | 79,279 | ||
|
+
Amounts billed during the period (Not Aged)
|
||||
|
Total
Accounts Receivable at the end of the reporting period
|
$ | 9,709,404 | ||
|
Accounts
Receivable Aging
|
Amount
|
|||
|
0 -
30 days old
|
$ | - | ||
|
31
- 90 days old
|
$ | 24,654 | ||
|
91
- 180 days old
|
$ | 933,631 | ||
|
181
- 365 days old
|
$ | 1,760,756 | ||
|
365
+ days old
|
$ | (199,034 | ) | |
|
Subtotal
Aged Accounts Receivable
|
$ | 2,520,006 | ||
|
Accounts
Receivable Not Aged
|
$ | 12,531,202 | ||
|
Total
Accounts Receivable
|
$ | 15,051,208 | ||
|
-Amount
considered uncollectible (Bad Debt)
|
$ | 5,341,805 | ||
|
Accounts
Receivable (Net)
|
$ | 9,709,404 | ||
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
|
Pennway Express,
Inc.
|
Case
N09 -14080 (PJW)
|
|
|
Debtor
|
Reporting
Per September 25, 2010
|
ACCOUNTS
RECEIVABLE RECONCILIATION AND AGING
MOR
5b
|
Accounts
Receivable Reconciliation
|
Amount
|
|||
|
Total
Accounts Receivable at the beginning of the reporting
period
|
$ | 129,289 | ||
|
+
Amounts billed during the period
|
$ | (1,941 | ) | |
|
-
Amounts collected during the period
|
$ | 51,385 | ||
|
Total
Accounts Receivable at the end of the reporting period
|
$ | 75,963 | ||
|
Accounts
Receivable Aging
|
Amount
|
|||
|
0 -
30 days old
|
$ | - | ||
|
31
- 90 days old
|
$ | - | ||
|
91
- 180 days old
|
$ | - | ||
|
181
- 365 days old
|
$ | 41,068 | ||
|
365
+ days old
|
$ | 34,895 | ||
|
Subtotal
Aged Accounts Receivable
|
$ | 75,963 | ||
|
Accounts
Receivable Not Aged
|
$ | - | ||
|
Total
Accounts Receivable
|
$ | 75,963 | ||
|
-Amount
considered uncollectible (Bad Debt)
|
||||
|
Accounts
Receivable (Net)
|
$ | 75,963 | ||
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
|
|||
UNITED
STATES BANKRUPTCY COURT
DISTRICT
OF DELAWARE
|
In
re The Penn Traffic Company et al
|
Case
No. 09-14078 (PJW)
|
|
Debtors
|
Reporting
Period: September 25,
2010
|
Status
of Bank Reconciliations and Unpaid Postpetition Taxes
I, Eric
J. Sattler, certify that:
I am the
Vice President of Finance and Interim Chief Financial Officer of The Penn
Traffic Company and Vice President of each of its affiliated
Debtors.
All of
the Company's bank reconciliations have been balanced for the period ending
September 25, 2010. A list of those bank accounts with period ending
balances is attached.
All
post-petition witholding taxes, property taxes, real estate taxes, sales and use
taxes and sales taxes that are due and payable were paid. A list of those taxes
paid is attached.
|
/s/
Eric J. Sattler
|
10/22/10
|
|
|
Eric
J. Sattler
|
Date
|
|
|
VP
of Finance and Interim CFO
|
|
The
Penn Traffic Company
|
|||||||||
|
Bank
Account Balances
|
|||||||||
|
Actual
|
|||||||||
|
Bank
Name
|
A/C#
|
9-25-10
|
|||||||
|
1
|
First
Commonwealth Bank
|
4983
|
- | * | |||||
|
2
|
Bank
of America Business Capital
|
2194
|
1,066 | ||||||
|
3
|
Bank
of America Business Capital
|
3549
|
- | * | |||||
|
4
|
Bank
of America Business Capital
|
2204
|
25,000 | ||||||
|
5
|
Bank
of America Business Capital
|
5976
|
- | ||||||
|
6
|
Banc
of America Securities LLC
|
4712
|
- | * | |||||
|
7
|
Bank
of America Business Capital
|
6956
|
(775 | ) | |||||
|
8
|
HSBC
Bank USA, National Association
|
3033
|
- | * | |||||
|
9
|
Bank
of America Business Capital
|
2069
|
- | * | |||||
|
10
|
Bank
of America Business Capital
|
3549
|
- | * | |||||
|
11
|
HSBC
Bank USA, National Association
|
9521
|
4,740 | ||||||
|
12
|
Bank
of America Business Capital
|
2069
|
- | ||||||
|
13
|
HSBC
Bank USA, National Association
|
7256
|
33,865 | ||||||
|
14
|
HSBC
Bank USA, National Association
|
4225
|
- | ||||||
|
15
|
HSBC
Bank USA, National Association
|
4439
|
1,250 | ||||||
|
16
|
Bank
of America Business Capital
|
2084
|
- | ||||||
|
17
|
Fifth
Third Bank
|
4602
|
- | * | |||||
|
18
|
Fifth
Third Bank
|
4651
|
- | * | |||||
|
19
|
Lake
Region Bank
|
5136
|
- | * | |||||
|
20
|
Lake
Region Bank
|
5224
|
- | * | |||||
|
21
|
Lake
Region Bank
|
5312
|
- | * | |||||
|
22
|
Lake
Region Bank
|
5558
|
- | * | |||||
|
23
|
HSBC
Bank USA, National Association
|
0463
|
(20,974 | ) | |||||
|
24
|
HSBC
Bank USA, National Association
|
0974
|
- | * | |||||
|
25
|
HSBC
Bank USA, National Association
|
7312
|
- | * | |||||
|
26
|
First
Citizens Bank
|
1002
|
- | * | |||||
|
27
|
NBT
Bank
|
2424
|
- | * | |||||
|
28
|
Peoples
State Bank
|
3200
|
- | * | |||||
|
29
|
Ameriserv
Financial Bank
|
5230
|
- | * | |||||
|
30
|
RBS
Citizens, National Association
|
5043
|
- | * | |||||
|
31
|
First
Commonwealth Bank
|
2264
|
- | * | |||||
|
32
|
Hamlin
Bank
|
0306
|
- | * | |||||
|
33
|
HSBC
Bank USA, National Association
|
6050
|
- | * | |||||
|
34
|
M&T
Bank
|
6855
|
- | * | |||||
|
35
|
Merchants
Bank
|
1875
|
- | * | |||||
|
36
|
National
City Bank/PNC Bank
|
8153
|
- | * | |||||
|
37
|
Northwest
Savings Bank
|
3249
|
- | * | |||||
|
38
|
Northwest
Savings Bank
|
3245
|
- | * | |||||
|
39
|
PNC
Bank
|
8142
|
- | * | |||||
|
40
|
S&T
Bank
|
6912
|
- | * | |||||
|
41
|
Bank
of America Business Capital
|
8023
|
- | * | |||||
|
42
|
Bank
of America Business Capital
|
2852
|
- | * | |||||
|
43
|
Bank
of America Business Capital
|
2865
|
- | * | |||||
|
44
|
Bank
of America Business Capital
|
2878
|
- | * | |||||
|
45
|
Bank
of America Business Capital
|
7938
|
- | * | |||||
|
46
|
Bank
of America Business Capital
|
1347
|
36,488,627 | ||||||
|
Total
|
$ | 36,532,798 | |||||||
* Bank
Account has been closed
The Penn
Traffic Co.
Taxes
Paid Through 09/25/2010.
|
Tax
|
Amount
|
Date
|
|||||
|
Legal
Entity
|
Paid
|
Paid
|
Paid
|
||||
|
Taxes
Paid through November 28
|
1,681,547.75 | ||||||
|
Taxes
Paid through December 28
|
3,022,437.39 | ||||||
|
Taxes
Paid through January 30
|
5,047,570.34 | ||||||
|
Taxes
Paid through February 27
|
3,017,188.94 | ||||||
|
Taxes
Paid through March 27
|
1,462,243.69 | ||||||
|
Taxes
Paid through May 1
|
1,764,707.42 | ||||||
|
Taxes
Paid through May 29
|
484,384.27 | ||||||
|
Taxes
Paid through June 26
|
49,764.08 | ||||||
|
Taxes
Paid through July 31
|
81,433.65 | ||||||
|
Penn
Traffic Co.
|
Fed-SS-MED
|
78.46 |
08/04/10
|
||||
|
Commander
Foods Inc
|
NY
Withholding
|
4,275.42 |
09/02/10
|
||||
|
Commander
Foods Inc
|
NY
Withholding
|
837.23 |
09/09/10
|
||||
|
Commander
Foods Inc
|
Fed-SS-MED
|
31,878.64 |
09/15/10
|
||||
|
Commander
Foods Inc
|
NY
Withholding
|
4,689.20 |
09/22/10
|
||||
|
Penn
Traffic Co.
|
Fed-SS-MED
|
53.97 |
09/09/10
|
||||
|
Penn
Traffic Co.
|
Fed-SS-MED
|
37.19 |
09/09/10
|
||||
|
Penn
Traffic Co.
|
Fed-SS-MED
|
21.96 |
09/15/10
|
||||
|
Penn
Traffic Co.
|
Fed-SS-MED
|
21.96 |
09/22/10
|
||||
|
Taxes
Paid Through September 25
|
41,815.57 | ||||||
|
Total
Taxes Paid
|
16,801,067.13 | ||||||