Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - AMERICANWEST BANCORPORATION | d465574d8k.htm |
Exhibit 99.1
Office of the US Trustee - Region 18
Seattle, Washington
Monthly Reporting Requirements
Corporations and Partnerships
All Chapter 11 debtors (other than individuals) must serve the U.S. Trustee with the documents and reports identified below no later than the 15th day of the month following the end of the month covered by the report.
Debtor Name: AmericanWest Bancorporation
Case Number: 10-06097-PCW11
For the month of: December 2012
| Required Documents | Document Attached |
Previously Submitted |
Explanation Attached |
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| 1. Income Statement (profit and loss statement). |
(X | ) | ( | ) | ( | ) | ||||||
| 2. Comparative Balance Sheet. |
(X | ) | ( | ) | ( | ) | ||||||
| 3. Statement of Cash Receipts and Disbursements. |
(X | ) | ( | ) | ( | ) | ||||||
| 4. Statement of Aged Receivables. |
(X | ) | ( | ) | ( | ) | ||||||
| 5. Statement of Aged Payables. |
(X | ) | ( | ) | ( | ) | ||||||
| 6. Statement of Operations, Taxes, Insurance and Personnel. |
(X | ) | ( | ) | ( | ) | ||||||
| 7. Other documents/reports as required by the U.S. Trustee: None |
( | ) | ( | ) | ( | ) | ||||||
The undersigned certifies under penalty of perjurty (28 U.S.C. § 1746) that the information contained in this and accompanying reports is complete, true and correct to the best of my knowledge, information and belief.
| By: | /s/ Shelly L. Krasselt | Dated: January 15, 2013 | ||||
| Controller | ||||||
| Title of Debtor Representative |
Office of the US Trustee - Region 18
Seattle, Washington
Debtor Name: AmericanWest Bancorporation
Case Number: 10-06097-PCW11
For the period: Refer to dates below
Basis of Accounting: Accrual
| Month Ending | ||||||||||||||||||||||||||||||||
| November 30, | December 31, | January 31, | February 29, | March 31, | April 30, | May 31, | ||||||||||||||||||||||||||
| 10/28/10-10/31/10 | 2010 | 2010 | 2011 | 2011 | 2011 | 2011 | 2011 | |||||||||||||||||||||||||
| Income |
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| Misc Income |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||
| Gain on sale of assets |
$ | — | $ | — | $ | 37,020 | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||
| Expenses |
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| Payroll/Officer Expenses |
$ | 1,909 | $ | 3,215 | $ | 1,970 | $ | 5,750 | $ | 3,660 | $ | 5,477 | $ | 3,069 | $ | 1,550 | ||||||||||||||||
| Occupancy |
$ | — | $ | 971 | $ | 595 | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Director Fees |
$ | — | $ | — | $ | 750 | $ | 2,500 | $ | 3,500 | $ | 2,500 | $ | 2,500 | $ | 2,500 | ||||||||||||||||
| Investor Relations |
$ | 692 | $ | 234 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||
| Service Contracts |
$ | — | $ | 89 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||
| Ongoing Professional costs |
$ | — | $ | 1,646 | $ | 2,334 | $ | 12,298 | $ | 5,529 | $ | 3,995 | $ | 3,922 | $ | 2,247 | ||||||||||||||||
| Professionals |
$ | — | $ | — | $ | 65,179 | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Interest Expense DIP loan |
$ | — | $ | 1,700 | $ | 4,038 | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||
| Loan Fee |
$ | — | $ | 100,000 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||
| Special Cousel |
$ | — | $ | 332,726 | $ | 162,000 | $ | 16,000 | $ | 15,380 | $ | 2,000 | $ | 5,689 | $ | (136 | ) | |||||||||||||||
| Debtor’s Counsel |
$ | — | $ | 75,540 | $ | 50,854 | $ | 24,139 | $ | 20,549 | $ | 17,218 | $ | 12,196 | $ | 13,824 | ||||||||||||||||
| Income Tax Expense |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||
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| Total Expenses |
$ | 2,601 | $ | 516,121 | $ | 287,719 | $ | 60,687 | $ | 48,619 | $ | 31,190 | $ | 27,375 | $ | 19,985 | ||||||||||||||||
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| Net Income (Loss) |
$ | (2,601 | ) | $ | (516,121 | ) | $ | (250,699 | ) | $ | (60,687 | ) | $ | (48,619 | ) | $ | (31,190 | ) | $ | (27,375 | ) | $ | (19,985 | ) | ||||||||
Office of the US Trustee - Region 18
Seattle, Washington
Debtor Name: AmericanWest Bancorporation
Case Number: 10-06097-PCW11
For the period: Refer to dates below
Basis of Accounting: Accrual
| Month Ending | ||||||||||||||||||||||||||||||||||||
| June 30, | July 31, | August 31, | September 30, | October 31, | November 30, | December 31, | January 31, | February 29, | ||||||||||||||||||||||||||||
| 2011 | 2011 | 2011 | 2011 | 2011 | 2011 | 2011 | 2012 | 2012 | ||||||||||||||||||||||||||||
| Income |
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| Misc Income |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Gain on sale of assets |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Expenses |
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| Payroll/Officer Expenses |
$ | 2,289 | $ | 557 | $ | 2,264 | $ | — | $ | 13 | $ | — | $ | 3,924 | $ | 4 | $ | 3,193 | ||||||||||||||||||
| Occupancy |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Director Fees |
$ | 2,500 | $ | 2,500 | $ | 2,500 | $ | 2,500 | $ | 3,500 | $ | 2,500 | $ | 2,500 | $ | 2,500 | $ | 2,500 | ||||||||||||||||||
| Investor Relations |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Service Contracts |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Ongoing Professional costs |
$ | 1,374 | $ | 2,707 | $ | 3,928 | $ | 2,215 | $ | 4,975 | $ | 2,108 | $ | 1,726 | $ | 4,733 | $ | 2,116 | ||||||||||||||||||
| Professionals |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Interest Expense DIP loan |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Loan Fee |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Special Cousel |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Debtor’s Counsel |
$ | 5,201 | $ | — | $ | — | $ | — | $ | — | $ | 10,753 | $ | 12,808 | $ | — | $ | — | ||||||||||||||||||
| Income Tax Expense |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
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| Total Expenses |
$ | 11,364 | $ | 5,764 | $ | 8,692 | $ | 4,715 | $ | 8,488 | $ | 15,361 | $ | 20,958 | $ | 7,237 | $ | 7,810 | ||||||||||||||||||
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| Net Income (Loss) |
$ | (11,364 | ) | $ | (5,764 | ) | $ | (8,692 | ) | $ | (4,715 | ) | $ | (8,488 | ) | $ | (15,361 | ) | $ | (20,958 | ) | $ | (7,237 | ) | $ | (7,810 | ) | |||||||||
Office of the US Trustee - Region 18
Seattle, Washington
Debtor Name: AmericanWest Bancorporation
Case Number: 10-06097-PCW11
For the period: Refer to dates below
Basis of Accounting: Accrual
| Month Ending | ||||||||||||||||||||||||||||||||||||||||
| March 31, | April 30, | May 31, | June 30, | July 31, | August 31, | September 30, | October 31, | November 30, | December 31, | |||||||||||||||||||||||||||||||
| 2012 | 2012 | 2012 | 2012 | 2012 | 2012 | 2012 | 2012 | 2012 | 2012 | |||||||||||||||||||||||||||||||
| Income |
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| Misc Income |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 10 | $ | — | ||||||||||||||||||||
| Gain on sale of assets |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
| Expenses |
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| Payroll/Officer Expenses |
$ | 1 | $ | — | $ | 1,962 | $ | 2 | $ | — | $ | — | $ | 3,087 | $ | — | $ | — | $ | — | ||||||||||||||||||||
| Occupancy |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
| Director Fees |
$ | 2,500 | $ | 2,500 | $ | 2,500 | $ | 2,500 | $ | 2,500 | $ | 2,500 | $ | 2,500 | $ | 2,500 | $ | 2,500 | $ | 2,500 | ||||||||||||||||||||
| Investor Relations |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
| Service Contracts |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
| Ongoing Professional costs |
$ | 2,629 | $ | 3,632 | $ | 2,212 | $ | 2,607 | $ | 3,176 | $ | 2,294 | $ | 2,255 | $ | 3,279 | $ | 8,213 | $ | 2,597 | ||||||||||||||||||||
| Professionals |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
| Interest Expense DIP loan |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
| Loan Fee |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
| Special Cousel |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
| Debtor’s Counsel |
$ | — | $ | — | $ | — | $ | 84,375 | $ | 14,923 | $ | 13,808 | $ | 4,032 | $ | 1,488 | $ | 15,037 | $ | 3,316 | ||||||||||||||||||||
| Income Tax Expense |
$ | 130 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
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| Total Expenses |
$ | 5,260 | $ | 6,132 | $ | 6,675 | $ | 89,484 | $ | 20,599 | $ | 18,602 | $ | 11,874 | $ | 7,267 | $ | 25,750 | $ | 8,413 | ||||||||||||||||||||
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| Net Income (Loss) |
$ | (5,260 | ) | $ | (6,132 | ) | $ | (6,675 | ) | $ | (89,484 | ) | $ | (20,599 | ) | $ | (18,602 | ) | $ | (11,874 | ) | $ | (7,267 | ) | $ | (25,741 | ) | $ | (8,413 | ) | ||||||||||
Office of the US Trustee - Region 18
Seattle, Washington
Debtor Name: AmericanWest Bancorporation
Case Number: 10-06097-PCW11
Comparative Balance Sheet
| 10/31/2010 | 11/30/2010 | 12/31/2010 | 1/31/2011 | 2/28/2011 | 3/31/2011 | 4/30/2011 | 5/31/2011 | 6/30/2011 | ||||||||||||||||||||||||||||
| Assets |
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| Current Assets |
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| Cash |
$ | 97,345 | $ | 6,988,798 | $ | 6,098,902 | $ | 5,910,113 | $ | 5,896,209 | $ | 5,827,500 | $ | 5,812,289 | $ | 5,794,491 | $ | 5,632,435 | ||||||||||||||||||
| Investment in WIN Partners |
$ | 100,000 | $ | 100,000 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
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| Total Current Assets |
$ | 197,345 | $ | 7,088,798 | $ | 6,098,902 | $ | 5,910,113 | $ | 5,896,209 | $ | 5,827,500 | $ | 5,812,289 | $ | 5,794,491 | $ | 5,632,435 | ||||||||||||||||||
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| Accounts/Dividend Receivable |
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| Accrued Dividend Receivable - TRUPS prepetition |
$ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | ||||||||||||||||||
| Accrued Dividend Receivable - TRUPS postpetition |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
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| Total Accounts Receivable |
$ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | ||||||||||||||||||
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| Other Assets |
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| Dashiell Insurance Policy Assignment of Benefits |
$ | 160,797 | $ | 160,797 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Real Property - Prosser Building and Land |
$ | 202,184 | $ | 202,184 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Deferred tax asset/other assets |
$ | 0 | $ | 0 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Investment in AmericanWest Bank |
$ | 6,000,000 | $ | 6,000,000 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Investment in TRUPS |
$ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | ||||||||||||||||||
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| Total Other Assets |
$ | 7,601,981 | $ | 7,601,981 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | ||||||||||||||||||
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| Total Assets |
$ | 7,984,167 | $ | 14,875,621 | $ | 7,522,744 | $ | 7,333,956 | $ | 7,320,051 | $ | 7,251,342 | $ | 7,236,131 | $ | 7,218,333 | $ | 7,056,277 | ||||||||||||||||||
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| Liabilities |
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| Postpetition Liabilities: |
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| Accounts Payable |
$ | 692 | $ | 408,266 | $ | 306,089 | $ | 177,988 | $ | 212,702 | $ | 175,184 | $ | 187,347 | $ | 189,535 | $ | 38,843 | ||||||||||||||||||
| Debtor in Possession Loan to SKBHC Hawks Nest |
$ | — | $ | 850,000 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Stalking Horse Bid Deposit |
$ | — | $ | 6,150,000 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
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| Total Postpetition Liabilities |
$ | 692 | $ | 7,408,266 | $ | 306,089 | $ | 177,988 | $ | 212,702 | $ | 175,184 | $ | 187,347 | $ | 189,535 | $ | 38,843 | ||||||||||||||||||
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| Prepetition Liabilities |
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| Accounts Payable |
$ | 1,337 | $ | 1,337 | $ | 1,337 | $ | 1,337 | $ | 1,337 | $ | 1,337 | $ | 1,337 | $ | 1,337 | $ | 1,337 | ||||||||||||||||||
| Notes Payable |
$ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | ||||||||||||||||||
| Rents/Leases payable |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Accrued Dividend Payable |
$ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | ||||||||||||||||||
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| Total Prepetition Liabilities |
$ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | ||||||||||||||||||
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| Total Liabilities |
$ | 47,393,856 | $ | 54,801,430 | $ | 47,699,253 | $ | 47,571,152 | $ | 47,605,866 | $ | 47,568,348 | $ | 47,580,511 | $ | 47,582,699 | $ | 47,432,007 | ||||||||||||||||||
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| Owner Equity |
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| Preferred Stock |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Common Stock |
$ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | ||||||||||||||||||
| Retained Deficit |
$ | (292,892,160 | ) | $ | (293,408,281 | ) | $ | (293,658,981 | ) | $ | (293,719,668 | ) | $ | (293,768,287 | ) | $ | (293,799,477 | ) | $ | (293,826,852 | ) | $ | (293,846,837 | ) | $ | (293,858,201 | ) | |||||||||
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| Total Owner Equity |
$ | (39,409,689 | ) | $ | (39,925,809 | ) | $ | (40,176,509 | ) | $ | (40,237,196 | ) | $ | (40,285,815 | ) | $ | (40,317,005 | ) | $ | (40,344,380 | ) | $ | (40,364,366 | ) | $ | (40,375,730 | ) | |||||||||
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|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total Liabilities and Equity |
$ | 7,984,167 | $ | 14,875,621 | $ | 7,522,744 | $ | 7,333,956 | $ | 7,320,051 | $ | 7,251,342 | $ | 7,236,131 | $ | 7,218,333 | $ | 7,056,277 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
Office of the US Trustee - Region 18
Seattle, Washington
Debtor Name: AmericanWest Bancorporation
Case Number: 10-06097-PCW11
Comparative Balance Sheet
| 7/31/2011 | 8/31/2011 | 9/30/2011 | 10/31/2011 | 11/30/2011 | 12/31/2011 | 1/31/2012 | 2/29/2012 | 3/31/2012 | ||||||||||||||||||||||||||||
| Assets |
||||||||||||||||||||||||||||||||||||
| Current Assets |
||||||||||||||||||||||||||||||||||||
| Cash |
$ | 5,643,644 | $ | 5,634,726 | $ | 5,609,553 | $ | 5,601,052 | $ | 5,596,437 | $ | 5,547,525 | $ | 5,541,257 | $ | 5,534,018 | $ | 5,528,207 | ||||||||||||||||||
| Investment in WIN Partners |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total Current Assets |
$ | 5,643,644 | $ | 5,634,726 | $ | 5,609,553 | $ | 5,601,052 | $ | 5,596,437 | $ | 5,547,525 | $ | 5,541,257 | $ | 5,534,018 | $ | 5,528,207 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Accounts/Dividend Receivable |
||||||||||||||||||||||||||||||||||||
| Accrued Dividend Receivable - TRUPS prepetition |
$ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | ||||||||||||||||||
| Accrued Dividend Receivable - TRUPS postpetition |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total Accounts Receivable |
$ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842.03 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Other Assets |
||||||||||||||||||||||||||||||||||||
| Dashiell Insurance Policy Assignment of Benefits |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Real Property - Prosser Building and Land |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Deferred tax asset/other assets |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Investment in AmericanWest Bank |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Investment in TRUPS |
$ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total Other Assets |
$ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total Assets |
$ | 7,067,486 | $ | 7,058,568 | $ | 7,033,395 | $ | 7,024,894 | $ | 7,020,279 | $ | 6,971,367 | $ | 6,965,100 | $ | 6,957,860 | $ | 6,952,049 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Liabilities |
||||||||||||||||||||||||||||||||||||
| Postpetition Liabilities: |
||||||||||||||||||||||||||||||||||||
| Accounts Payable |
$ | 55,815 | $ | 55,590 | $ | 35,132 | $ | 35,119 | $ | 45,864 | $ | 17,910 | $ | 18,880 | $ | 19,450 | $ | 18,899 | ||||||||||||||||||
| Debtor in Possession Loan to SKBHC Hawks Nest |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Stalking Horse Bid Deposit |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total Postpetition Liabilities |
$ | 55,815 | $ | 55,590 | $ | 35,132 | $ | 35,119 | $ | 45,864 | $ | 17,910 | $ | 18,880 | $ | 19,450 | $ | 18,899 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Prepetition Liabilities |
||||||||||||||||||||||||||||||||||||
| Accounts Payable |
$ | 1,337 | $ | 1,337 | $ | 1,337 | $ | 1,337 | $ | 1,337 | $ | 1,337 | $ | 1,337 | $ | 1,337 | $ | 1,337 | ||||||||||||||||||
| Notes Payable |
$ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | ||||||||||||||||||
| Rents/Leases payable |
$ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||||||
| Accrued Dividend Payable |
$ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total Prepetition Liabilities |
$ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total Liabilities |
$ | 47,448,979 | $ | 47,448,754 | $ | 47,428,296 | $ | 47,428,283 | $ | 47,439,028 | $ | 47,411,074 | $ | 47,412,044 | $ | 47,412,614 | $ | 47,412,063 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Owner Equity |
||||||||||||||||||||||||||||||||||||
| Preferred Stock |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Common Stock |
$ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | ||||||||||||||||||
| Retained Deficit |
$ | (293,863,965 | ) | $ | (293,872,657 | ) | $ | (293,877,372 | ) | $ | (293,885,861 | ) | $ | (293,901,221 | ) | $ | (293,922,179 | ) | $ | (293,929,416 | ) | $ | (293,937,226 | ) | $ | (293,942,486 | ) | |||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total Owner Equity |
$ | (40,381,493 | ) | $ | (40,390,185 | ) | $ | (40,394,901 | ) | $ | (40,403,389 | ) | $ | (40,418,749 | ) | $ | (40,439,707 | ) | $ | (40,446,944 | ) | $ | (40,454,754 | ) | $ | (40,460,014 | ) | |||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total Liabilities and Equity |
$ | 7,067,486 | $ | 7,058,568 | $ | 7,033,395 | $ | 7,024,894 | $ | 7,020,279 | $ | 6,971,367 | $ | 6,965,100 | $ | 6,957,860 | $ | 6,952,049 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
Office of the US Trustee - Region 18
Seattle, Washington
Debtor Name: AmericanWest Bancorporation
Case Number: 10-06097-PCW11
Comparative Balance Sheet
| 4/30/2012 | 5/31/2012 | 6/30/2012 | 7/31/2012 | 8/31/2012 | 9/30/2012 | 10/31/2012 | 11/30/2012 | 12/31/2012 | ||||||||||||||||||||||||||||
| Assets |
||||||||||||||||||||||||||||||||||||
| Current Assets |
||||||||||||||||||||||||||||||||||||
| Cash |
$ | 5,522,073 | $ | 5,515,691 | $ | 5,462,443 | $ | 5,456,754 | $ | 5,451,960 | $ | 5,444,667 | $ | 5,438,339 | $ | 5,432,085 | $ | 5,335,017 | ||||||||||||||||||
| Investment in WIN Partners |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total Current Assets |
$ | 5,522,073 | $ | 5,515,691 | $ | 5,462,443 | $ | 5,456,754 | $ | 5,451,960 | $ | 5,444,667 | $ | 5,438,339 | $ | 5,432,085 | $ | 5,335,017 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Accounts/Dividend Receivable |
||||||||||||||||||||||||||||||||||||
| Accrued Dividend Receivable - TRUPS prepetition |
$ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | ||||||||||||||||||
| Accrued Dividend Receivable - TRUPS postpetition |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total Accounts Receivable |
$ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | $ | 184,842 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Other Assets |
||||||||||||||||||||||||||||||||||||
| Dashiell Insurance Policy Assignment of Benefits |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Real Property - Prosser Building and Land |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Deferred tax asset/other assets |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Investment in AmericanWest Bank |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Investment in TRUPS |
$ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total Other Assets |
$ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | $ | 1,239,000 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total Assets |
$ | 6,945,915 | $ | 6,939,533 | $ | 6,886,285 | $ | 6,880,596 | $ | 6,875,802 | $ | 6,868,509 | $ | 6,862,181 | $ | 6,855,927 | $ | 6,758,859 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Liabilities |
||||||||||||||||||||||||||||||||||||
| Postpetition Liabilities: |
||||||||||||||||||||||||||||||||||||
| Accounts Payable |
$ | 18,897 | $ | 19,190 | $ | 55,426 | $ | 70,336 | $ | 84,144 | $ | 88,725 | $ | 89,664 | $ | 109,151 | $ | 20,495 | ||||||||||||||||||
| Debtor in Possession Loan to SKBHC Hawks Nest |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Stalking Horse Bid Deposit |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total Postpetition Liabilities |
$ | 18,897 | $ | 19,190 | $ | 55,426 | $ | 70,336 | $ | 84,144 | $ | 88,725 | $ | 89,664 | $ | 109,151 | $ | 20,495 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Prepetition Liabilities |
||||||||||||||||||||||||||||||||||||
| Accounts Payable |
$ | 1,337 | $ | 1,337 | $ | 1,337 | $ | 1,337 | $ | 1,337 | $ | 1,337 | $ | 1,337 | $ | 1,337 | $ | 1,337 | ||||||||||||||||||
| Notes Payable |
$ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | $ | 41,239,000 | ||||||||||||||||||
| Rents/Leases payable |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Accrued Dividend Payable |
$ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | $ | 6,152,827 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total Prepetition Liabilities |
$ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | $ | 47,393,164 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total Liabilities |
$ | 47,412,061 | $ | 47,412,354 | $ | 47,448,590 | $ | 47,463,500 | $ | 47,477,308 | $ | 47,481,889 | $ | 47,482,828 | $ | 47,502,315 | $ | 47,413,659 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Owner Equity |
||||||||||||||||||||||||||||||||||||
| Preferred Stock |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Common Stock |
$ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | $ | 253,482,472 | ||||||||||||||||||
| Retained Deficit |
$ | (293,948,618 | ) | $ | (293,955,293 | ) | $ | (294,044,777 | ) | $ | (294,065,376 | ) | $ | (294,083,978 | ) | $ | (294,095,852 | ) | $ | (294,103,119 | ) | $ | (294,128,859 | ) | $ | (294,137,272 | ) | |||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total Owner Equity |
$ | (40,466,146 | ) | $ | (40,472,821 | ) | $ | (40,562,305 | ) | $ | (40,582,904 | ) | $ | (40,601,506 | ) | $ | (40,613,380 | ) | $ | (40,620,647 | ) | $ | (40,646,387 | ) | $ | (40,654,800 | ) | |||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total Liabilities and Equity |
$ | 6,945,915 | $ | 6,939,533 | $ | 6,886,285 | $ | 6,880,596 | $ | 6,875,802 | $ | 6,868,509 | $ | 6,862,181 | $ | 6,855,927 | $ | 6,758,859 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
Office of the US Trustee - Region 18
Seattle, Washington
Debtor Name: AmericanWest Bancorporation
Case Number: 10-06097-PCW11
Statement of Cash Receipts
For the Month Ending: December 31, 2012
Cash Receipts
| Date | Description (Source) |
Amount | ||||
| Beginning Cash Balance |
$ | 5,432,085.38 | ||||
| $ | — | |||||
| $ | — | |||||
|
|
|
|||||
| Total Cash Receipts |
$ | 5,432,085.38 | ||||
|
|
|
|||||
Office of the US Trustee - Region 18
Seattle, Washington
Debtor Name: AmericanWest Bancorporation
Case Number: 10-06097-PCW11
Statement of Cash Disbursements
For the Month Ending: December 31, 2012
Cash Disbursements
| Date | Check No. | Payee | Description | Amount | ||||||||
| 12/20/2012 |
1232 | Foster Pepper PLLC | Debtor’s Counsel | $ | 85,820.99 | |||||||
| 12/20/2012 |
1233 | BDO USA, LLP | Accountant | $ | 6,150.00 | |||||||
| 12/20/2012 |
1234 | IST Shareholder Services | Transfer Agent fees-December/out-of-pocket November | $ | 1,555.36 | |||||||
| 12/20/2012 |
1235 | Integrity Business Services | Bookkeeping Services | $ | 221.90 | |||||||
| 12/20/2012 |
1236 | RR Donnelley | EDGAR Prep and transmission | $ | 820.00 | |||||||
| 12/20/2012 |
1237 | J. Frank Armijo | December Retainer Board of Director Fee | $ | 500.00 | |||||||
| 12/20/2012 |
1238 | Kay C. Carnes | December Retainer Board of Director Fee | $ | 500.00 | |||||||
| 12/20/2012 |
1239 | Craig D. Eerkes | December Retainer Board of Director Fee | $ | 500.00 | |||||||
| 12/20/2012 |
1240 | Donald H. Swartz | December Retainer Board of Director Fee | $ | 500.00 | * | ||||||
| 12/20/2012 |
1241 | P. Mike Taylor | December Retainer Board of Director Fee | $ | 500.00 | |||||||
|
|
|
|||||||||||
| Total Cash Disbursements |
$ | 97,068.25 | ||||||||||
|
|
|
|||||||||||
| Adjustments (explain) |
$ | — | ||||||||||
| Ending Cash Balance (must be reconciled to the bank statement for account cited above) |
$ | 5,335,017.13 | ||||||||||
| * | Noted amounts have not yet cleared the bank statement. Items below remain outstanding from prior months: |
| Date | Check No. |
Payee | Description | Amount | ||||
| 4213-0.56-30325N11.n01 1 of 1 A |
|
ACCOUNT NUMBER
100605591
|
||||||||||
|
STATEMENT DATE Dec 31, 2012 |
||||||||||||
|
|
AMERICANWEST BANCORPORATION ATTN: SHELLY KRASSELT |
|||||||||||
| 110 S FERRALL SPOKANE WA 99202 |
4213 |
Pg 1 of 1 |
|
|||||||||
NOTICE: By federal law, as of 1/1/2013, funds in a noninterest-bearing
transaction account (including an IOLTA/IOLA) will no longer receive
unlimited deposit insurance coverage, but will be FDIC-insured to the
legal maximum of $250,000 for each ownership category. For more
information visit:
http://www.fdic.gov/deposit/deposits/unlimited/expiration.html
| Small Business Free Checking |
||||||||
| 12/01/2012 Beginning Balance |
5,438,375.77 | |||||||
| 0 Deposits/Other Credits |
+ | .00 | ||||||
| 15 Checks/Other Debits |
- | 102,858.64 | ||||||
| 12/31/2012 Ending Balance |
31 Days in Statement Period | 5,335,517.13 |
| Checks listed in numerical order; (*) indicates gap in sequence | ||||||||||||||||||
| Check |
Date | Amount | Check |
Date | Amount | |||||||||||||
| 1223 |
12/05 | 1,560.90 | 1234 | 12/28 | 1,555.36 | |||||||||||||
| 1224 |
12/11 | 500.00 | 1235 | 12/21 | 221.90 | |||||||||||||
| 1226* |
12/10 | 500.00 | 1236 | 12/27 | 820.00 | |||||||||||||
| 1228* |
12/03 | 500.00 | 1237 | 12/27 | 500.00 | |||||||||||||
| 1229 |
12/06 | 213.15 | 1238 | 12/27 | 500.00 | |||||||||||||
| 1230 |
12/05 | 3,016.34 | 1239 | 12/26 | 500.00 | |||||||||||||
| 1232* |
12/27 | 85,820.99 | 1241* | 12/21 | 500.00 | |||||||||||||
| 1233 |
12/26 | 6,150.00 | ||||||||||||||||
| Daily Ending Balance | ||||||||||||||||
| 12/01 |
5,438,375.77 | 12/10 | 5,432,585.38 | 12/26 | 5,424,713.48 | |||||||||||
| 12/03 |
5,437,875.77 | 12/11 | 5,432,085.38 | 12/27 | 5,337,072.49 | |||||||||||
| 12/05 |
5,433,298.53 | 12/21 | 5,431,363.48 | 12/28 | 5,335,517.13 | |||||||||||
| 12/06 |
5,433,085.38 | |||||||||||||||
|
PLEASE SEE IMPORTANT INFORMATION ON THE REVERSE SIDE |
Office of the US Trustee - Region 18
Seattle, Washington
Debtor Name: AmericanWest Bancorporation
Case Number: 10-06097-PCW11
Statement of Aged Receivables
For the month ending December 31, 2012
| Total Due | Current | Past Due | Past Due | Past Due | ||||||||||||
| (0-30 Days) | (31-60 Days) | (61-90 Days) | (91 & Over) | |||||||||||||
| Prepetition |
||||||||||||||||
| $— |
$ | — | $ | — | $ | — | $ | — | ||||||||
| Postpetition |
||||||||||||||||
| $— |
$ | — | $ | — | $ | — | $ | — | ||||||||
| Totals |
||||||||||||||||
| $— |
$ | — | $ | — | $ | — | $ | — | ||||||||
| Accounts Receivable Reconciliation |
||||
| Opening Balance |
$ | — | ||
| New Accounts this Month |
$ | — | ||
| Balance |
$ | — | ||
| Amount Collected on Prior Accounts |
$ | — | ||
| Closing Balance |
$ | — | ||
| Check Figure |
$ | — |
Office of the US Trustee - Region 18
Seattle, Washington
Debtor Name: AmericanWest Bancorporation
Case Number: 10-06097-PCW11
Statement of Aged Payables
For the month ending December 31, 2012
NOTE: Schedule only includes postpetition debts.
| Account Name | Description | Total Due | Current (0-30 Days) |
Past Due (31-60 Days) |
Past Due (61-90 Days) |
Past Due (91 & Over) |
||||||||||||||||
| Foster Pepper |
$ | 3,315.50 | $ | 3,315.50 | $ | — | $ | — | $ | — | ||||||||||||
| Morrison Foerster |
$ | 4,179.78 | $ | — | $ | — | $ | — | $ | 4,179.78 | ||||||||||||
| Sandler O’Neil |
$ | 13,000.00 | $ | — | $ | — | $ | — | $ | 13,000.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Totals |
$ | 20,495.28 | $ | 3,315.50 | $ | — | $ | — | $ | 17,179.78 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Accounts Payable Reconciliation |
||||||||||||||||||||||
| Opening Balance |
$ | 109,150.77 | ||||||||||||||||||||
| Total New Indebtedness Incurred this Month |
$ | 3,315.50 | ||||||||||||||||||||
|
|
|
|||||||||||||||||||||
| Balance |
$ | 112,466.27 | ||||||||||||||||||||
|
|
|
|||||||||||||||||||||
| Amount paid on Prior Accounts Payable |
$ | 91,970.99 | ||||||||||||||||||||
|
|
|
|||||||||||||||||||||
| Closing Balance |
$ | 20,495.28 | ||||||||||||||||||||
|
|
|
|||||||||||||||||||||
Office of the US Trustee - Region 18
Seattle, Washington
Statement of Operations, Taxes, Insurance and Personnel
For the Month Ending: December 31, 2012
Debtor Name: AmericanWest Bancorporation
Case Number: 10-06097-PCW11
1. What efforts have been made toward presentation of a plan to the creditors?
As part of the dispute between the competing plans of Holdco and the Debtor, the Debtor, the Committee and Holdco entered into a mediation agreement. The mediation was approved by Bankruptcy Judge Williams and is being handled by Federal Judge Michael Hogan and Ford Elsaesser, Esq. Matters regarding confirmation of the Holdco Plan and approval of its disclosure statement are held in abeyance during the mediation. Mediation has commenced and the mediators are expected to issue a decision by January 15, 2013.
2. Has the Debtor in Possession, subsequent to the filing of the petition, made any payments on its prepetition unsecured debt, except as have been authorized by the Court?
|
|
: Yes | |||||
| X |
: No | Identify amount, who was paid and the date paid: | N/A |
3. Provide a narrative report of significant events and events out of the ordinary course of business:
None
4. List any payments during this period on debt that has been personally guaranteed by any principal, partner or officer of the business.
None
5. If assets have been sold in other than the ordinary course of business, please provide details as to the asset sold, date of sale, total sales price, deductions (i.e. commissions), and net amount received.
None
6. STATUS OF TAXES
| AMOUNT WITHHELD OR ACCRUED |
AMOUNT PAID |
DATE PAID |
POSTPETITION TAXES PAST DUE |
|||||||||||||
| FEDERAL TAXES |
||||||||||||||||
| FICA |
$ | — | $ | — | N/A | $ | — | |||||||||
| Withholding |
$ | — | $ | — | N/A | $ | — | |||||||||
| Unemployment |
$ | — | $ | — | N/A | $ | — | |||||||||
| Income |
$ | — | $ | — | N/A | $ | — | |||||||||
| Other |
$ | — | $ | — | N/A | $ | — | |||||||||
| STATE TAXES |
||||||||||||||||
| Dept. of Labor and Industries |
$ | — | $ | — | N/A | $ | — | |||||||||
| Income |
$ | — | $ | — | N/A | $ | — | |||||||||
| Employment Sec. |
$ | — | $ | — | N/A | $ | — | |||||||||
| Dept. of Revenue |
$ | — | $ | — | N/A | $ | — | |||||||||
| B&O |
$ | — | $ | — | N/A | $ | — | |||||||||
| Sales |
$ | — | $ | — | N/A | $ | — | |||||||||
| Excise |
$ | — | $ | — | N/A | $ | — | |||||||||
| OTHER TAXES |
||||||||||||||||
| City Business/License |
$ | — | $ | — | N/A | $ | — | |||||||||
| Personal Property |
$ | — | $ | — | N/A | $ | — | |||||||||
| Real Property |
$ | — | $ | — | N/A | $ | — | |||||||||
| Other (List) |
$ | — | $ | — | N/A | $ | — | |||||||||
Explain reason for any past due postpetition taxes:
| N/A |
|
|
|
|
7. SCHEDULE OF SALARY AND OTHER PAYMENTS TO PRINCIPALS / EXECUTIVES / INSIDERS*
| Payee Name | Position | Nature of Payment | Amount | |||||
| Patrick J. Rusnak |
CEO and President | Services Performed | $ | — | ||||
| Shelly L. Krasselt |
Controller | Services Performed | $ | — | ||||
| * | List accrued salaries whether or not paid and any draws of any kind or perks such as car, etc. made to or for the benefit of any proprietor, owner, partner, shareholder, officer, director or insider. |
8. SCHEDULE OF PAYMENTS TO ATTORNEYS AND OTHER PROFESSIONALS
| Appointment Date |
Amount Paid This Month |
Date of Court Approval |
Aggregate Received |
Estimated Balance Due |
||||||||||||
| Debtor’s Counsel |
11/17/2010 | $ | 85,821 | 12/12/2012 | $ | 362,213 | $ | 3,316 | ||||||||
| Counsel For Unsecured Creditors’ Committee |
$ | — | $ | — | $ | — | ||||||||||
| Trustee’s Counsel |
$ | — | $ | — | $ | — | ||||||||||
| Accountant |
12/9/2011 | $ | 6,150 | 12/12/2012 | $ | 6,150 | $ | — | ||||||||
| Special Counsel |
11/2/2010 | $ | — | 6/2/2011 | $ | 544,000 | $ | 4,180 | ||||||||
| Financial Advisor |
11/2/2010 | $ | — | * | $ | 52,179 | $ | 13,000 | ||||||||
| * | Paid per 12/14/2010 interim payment order. |
Identify fees accrued but not paid during the month: Debtors Counsel $3,315.50; Special Counsel $0.
9. Please explain any changes in insurance coverage that took place this month.
None
10. Personnel
| Full Time |
Part Time |
|||||||
| Total number of employees at beginning of period |
0 | 2 | ||||||
| Number hired during the period |
0 | 0 | ||||||
| Number terminated or resigned during the period |
0 | 0 | ||||||
| Total number of employees on payroll at period end |
0 | 2 | ||||||
| Total payroll for the period |
$ | — | ||||||