Exhibit XX

 

UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF VIRGINIA
RICHMOND DIVISION
In re James River Coal Company		Case No. (Jointly Administered)		14-31848
		Reporting Period:		June 30, 2014
		Federal Tax ID#		54-1602012
CORPORATE MONTHLY OPERATING REPORT
	REQUIRED DOCUMENTS	Form No.	Document Attached	Explanation Attached
	Legal Entities and Notes to MOR		X
	Schedule of Cash Receipts and Disbursements	MOR-1	X
	Bank Account Information	MOR-1a	X
	Copies of bank statements			X
	Cash disbursements journals			X
	Statements of Operations (Income Statement)	MOR-2	X
	Balance Sheets	MOR-3	X
	Status of Post-Petition Taxes	MOR-4	X
	Copies of IRS Form 6123 or payment receipt
	Copies of tax returns filed during reporting period
	Summary of Unpaid Post-Petition Debts	MOR-4		X
	Listing of Aged Accounts Payable			X
	Accounts Receivable Reconciliation and Aging	MOR-5		X
	Taxes Reconciliation and Aging	MOR-5		X
	Schedule of Payments to Professionals	MOR-6	X
	Post Petition Secured Notes Adequate Protection Payments	MOR-6		X
	Debtor Questionnaire	MOR-7	X
	I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.
	/s/ Samuel M. Hopkins			7/30/2014
	Signature of Authorized Individual*			Date
	Samuel M. Hopkins
	Printed Name of Authorized Individual
	Vice President
	Title
	* 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.

 

 

	Form No.	Legal Entities and Notes to MOR
	Case No. (Jointly Administered)	14-31848
	Reporting Period:	June 30, 2014
	Federal Tax ID#	54-1602012
Listing of Debtor Entities and Notes to Monthly Operating Report
General:
This report includes activity from the following Debtors and related Case Numbers:
Debtor	Case Number
James River Coal Company	14-31848
BDCC Holding Company, Inc.	14-31850
Bell County Coal Corporation	14-31851
Bledsoe Coal Corporation	14-31852
Bledsoe Coal Leasing Company	14-31853
Blue Diamond Coal Company	14-31856
Buck Branch Resources LLC	14-31857
Chafin Branch Coal Company, LLC	14-31858
Eolia Resources, Inc.	14-31860
Hampden Coal Company, LLC	14-31861
International Resource Partners LP	14-31862
International Resources Holdings I LLC	14-31863
International Resources Holdings II LLC	14-31864
International Resources, LLC	14-31866
IRP GP Holdco, LLC	14-31867
IRP Kentucky LLC	14-31868
IRP LP Holdco, Inc.	14-31869
IRP WV Corp.	14-31870
James River Coal Sales, Inc.	14-31871
James River Coal Service Company	14-31872
James River Escrow Inc.	14-31873
Jellico Mining, LLC	14-31874
Johns Creek Coal Company	14-31875
Johns Creek Elkhorn Coal Corporation	14-31876
Johns Creek Processing Company	14-31877
Laurel Mountain Resources LLC	14-31878
Leeco, Inc.	14-31879
Logan & Kanawha Coal Co., LLC	14-31880
McCoy Elkhorn Coal Corporation	14-31881
Rockhouse Creek Development, LLC	14-31882
Shamrock Coal Company, Incorporated	14-31883
Snap Creek Mining, LLC	14-31884
Triad Mining, Inc.	14-31885
Triad Underground Mining, LLC	14-31886
Notes to the MOR:
On April 7, 2014 (the "Petition Date"), James River Coal Company ("James River"), as a stand-alone entity, and all of its wholly-owned subsidiaries (collectively, the "Debtors") filed voluntary petitions for reorganization (the "Chapter 11 Cases") under Chapter 11 of Title 11 of the United States Code (the "Bankruptcy Code") in the U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division (the "Bankruptcy Court").The Chapter 11 Cases are being jointly administered in the Bankruptcy Court under the caption "In re: James River Coal Company, et al. (Case No. 14-31848)."

 

 

This Monthly Operating Report ("MOR") has been prepared on a consolidated basis for the Debtors. The financial information contained herein is unaudited, limited in scope, covers a limited time period, and has been prepared solely for the purpose of complying with the monthly reporting requirements for Chapter 11 debtors as required by the Bankruptcy Court and is in a format intended to meet the requirements for Chapter 11 debtors as required by the Bankruptcy Court of the United States Trustee for the Eastern District of Virginia Richmond Division (the "U.S. Trustee").As discussed below, this MOR is not prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and does not include all of the information and footnotes required by GAAP. Therefore, there can be no assurance that the condensed consolidated financial information presented herein is complete, and readers are strongly cautioned not to place undue reliance on the MOR.
The unaudited financial statements have been derived from the books and records of the Debtors. The information furnished in this report primarily includes normal recurring adjustments but not all the adjustments that would typically be made for the quarterly and annual consolidated financial statements to be in accordance with GAAP. Furthermore, the monthly financial information contained herein has not been subjected to the same level of accounting review and testing that the Debtors apply in the preparation of their quarterly and annual consolidated financial information in accordance with GAAP. Accordingly, upon the application of such procedures, the Debtors believe that the financial information may be subject to change, and these changes could be material.
Additionally, the financial statements are subject to adjustments associated the completion of the December 31, 2013 audit, including adjustments to the fixed asset values and depreciation and amortization for fixed asset impairments.
The results of operations contained herein are not necessarily indicative of results that may be expected from any other period or for the full year and may not necessarily reflect the consolidated results of operations, financial position and cash flows of the Debtors in the future.
For the reasons discussed above, the Debtors caution readers not to place undue reliance upon information contained in this MOR. For further information, refer to the consolidated financial statements and footnotes included in James River's Form 10-Q for the quarter ended September 30, 2013, as filed with the Securities and Exchange Commission.
No assurance can be given as to the value, if any, that may be ascribed to the Debtors’ various pre-petition liabilities and other securities. Accordingly, the Debtors urge that caution be exercised with respect to existing and future investments in any of these securities or claims against the Debtors.
Additional information about the Chapter 11 Cases, court filings and claims information is available on the internet at http://dm.epiq11.com/jamesrivercoal
Notes to MOR-1a:
The debtor has, on a timely basis, performed all bank account reconciliations in the ordinary course of business. Due to the level of detailed records, copies of the bank account statements and reconciliations are available for inspection only upon request by the United States Trustee's Office.
Notes to MOR-4 and MOR-5:
For status of post-petition tax payments, see disclosures as noted on MOR-4. Due to the level of detailed records, (i) copies of IRS Form 6123 or payment receipts; (ii) copies of tax returns filed during the reporting period; and (iii) a taxes aging schedule will be made available only upon request.
Additionally, the Debtors believe that the information as disclosed in MOR-3 appropriately summarizes the ending accounts receivable and accounts payable balances of the Debtors. Due to the volume of transactions related to customer billings and vendor payments, the following items will be made available upon request: (i) summary of unpaid post-petition debts; (ii) listing of aged accounts payable; and (iii) accounts receivable reconciliation and aging.

 

 

In re James River Coal Company		Form No.	MOR-1
		Case No. (Jointly Administered)	14-31848
		Reporting Period:	June 30, 2014
		Federal Tax ID#	54-1602012
Schedule of Cash Receipts and Disbursements
(Amounts in thousands)
Debtor	Case Number	Receipts	Disbursements
James River Coal Company	14-31848	$ 52,072	$ 16,960
BDCC Holding Company, Inc.	14-31850		-
Bell County Coal Corporation	14-31851	5	1,286
Bledsoe Coal Corporation	14-31852		1,035
Bledsoe Coal Leasing Company	14-31853		109
Blue Diamond Coal Company	14-31856		6,750
Buck Branch Resources LLC	14-31857		-
Chafin Branch Coal Company, LLC	14-31858		-
Eolia Resources, Inc.	14-31860		-
Hampden Coal Company, LLC	14-31861		1,984
International Resource Partners LP	14-31862		-
International Resources Holdings I LLC	14-31863		-
International Resources Holdings II LLC	14-31864		-
International Resources, LLC	14-31866		-
IRP GP Holdco, LLC	14-31867		-
IRP Kentucky LLC	14-31868		-
IRP LP Holdco, Inc.	14-31869		-
IRP WV Corp.	14-31870		-
James River Coal Sales, Inc.	14-31871		-
James River Coal Service Company	14-31872	0.4	2,246
James River Escrow Inc.	14-31873		-
Jellico Mining, LLC	14-31874		-
Johns Creek Coal Company	14-31875		7
Johns Creek Elkhorn Coal Corporation	14-31876		-
Johns Creek Processing Company	14-31877		-
Laurel Mountain Resources LLC	14-31878		379
Leeco, Inc.	14-31879		922
Logan & Kanawha Coal Co., LLC	14-31880		3,686
McCoy Elkhorn Coal Corporation	14-31881		747
Rockhouse Creek Development, LLC	14-31882		1,123
Shamrock Coal Company, Incorporated	14-31883		-
Snap Creek Mining, LLC	14-31884		-
Triad Mining, Inc.	14-31885	40	3,473
Triad Underground Mining, LLC	14-31886		-
Total Cash		52,118	40,705
Notes to MOR-1:
Cash Receipts and Disbursements are for the period June 1, 2014 - June 30, 2014.

 

 

In re James River Coal Company				Form No.	MOR-1
				Case No. (Jointly Administered)	14-31848
				Reporting Period:	June 30, 2014
				Federal Tax ID#	54-1602012
Bank Account Information
(Amounts in thousands)
Legal Entity	Case Number	Bank Account Number	Bank Name / Address		Bank Balance
James River Coal Company	14-31870	1379	Wells Fargo	210 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	61,335
James River Coal Company	14-31870	8090	Wells Fargo	209 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
James River Coal Company	14-31870	8087	Wells Fargo	211 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
James River Coal Company	14-31870	1232	Wells Fargo	212 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
James River Coal Company	14-31870	8427	Wells Fargo	213 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
James River Coal Company	14-31870	9220	Wells Fargo	214 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
Bell County Coal Corp.	14-31850	7224	First State Financial, Inc.	1810 Cumberland Ave, Middlesboro, KY. 40965	5
Bell County Coal Corp.	14-31850	8126	Wells Fargo	201 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
Bell County Coal Corp.	14-31850	8032	Wells Fargo	202 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
Bledsoe Coal Corp.	14-31851	3865	Bank of Harlan	201 E. Central St, Harlan, KY., 40831	3
Bledsoe Coal Corp.	14-31851	8058	Wells Fargo	203 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
Bledsoe Coal Corp.	14-31851	8003	Wells Fargo	204 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
Bledsoe Coal Leasing Company	14-31852	8074	Wells Fargo	205 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
Blue Diamond	14-31853	6693	Wells Fargo	206 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
Blue Diamond Coal Company	14-31853	6716	Wells Fargo	207 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
Hampden Coal Company	14-31860	0061	United Bank	500 Virginia Street, Ste, E., Charleston, WV 25322	-
Hampden Coal Company, LLC	14-31860	4376	Wells Fargo	208 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
International Resources, LLC	14-31864	9345	United Bank	501 Virginia Street, Ste, E., Charleston, WV 25322	25,027
International Resources, LLC	14-31864	2298	United Bank	502 Virginia Street, Ste, E., Charleston, WV 25322	934
International Resources, LLC	14-31864	7160	United Bank	503 Virginia Street, Ste, E., Charleston, WV 25322	-
International Resources, LLC	14-31864	7202	United Bank	504 Virginia Street, Ste, E., Charleston, WV 25322	61
James River Coal Service	14-31872	0118	1st Trust Bank	24 Commerce Drive, Hazard, KY 41701	8
James River Coal Service Company	14-31872	8016	Wells Fargo	215 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
James River Coal Service Company	14-31872	8061	Wells Fargo	216 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
Johns Creek Coal Company	14-31875	8443	Wells Fargo	217 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
Laurel Mountain	14-31878	5139	1st Trust Bank	24 Commerce Drive, Hazard, KY 41701	7
Laurel Mountain Resources	14-31878	3326	Wells Fargo	218 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
Leeco, Inc.	14-31879	5737	Community Trust Bank	346 North Mayo Trail, Pikeville, KY. 41501	45
Leeco, Inc.	14-31879	7994	Wells Fargo	219 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
Logan & Kanawha Coal Co	14-31880	0037	United Bank	505 Virginia Street, Ste, E., Charleston, WV 25322	-
McCoy Elkhorn Coal Corporation	14-31881	0201	Community Trust Bank	347 North Mayo Trail, Pikeville, KY. 41501	10

 

 

Bank Account Information

(Amounts in thousands)

 

 

Legal Entity	Case Number	Bank Account Number	Bank Name / Address		Bank Balance
McCoy Elkhorn Coal Corporation	14-31881	7981	Wells Fargo	220 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
McCoy Elkhorn Coal Corporation	14-31881	8100	Wells Fargo	221 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
Rockhouse Creek Development	14-31882	2648	United Bank	506 Virginia Street, Ste, E., Charleston, WV 25322	not in use
Rockhouse Creek Development	14-31882	4384	Wells Fargo	222 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
Triad Mining, Inc.	14-31885	5757	Independence Bank	2425 Frederica St., Owensboro, KY 42301	91
Triad Mining, Inc.	14-31885	9793	Independence Bank	2426 Frederica St., Owensboro, KY 42301	15
Triad Mining, Inc.	14-31885	9774	Wells Fargo	224 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
Triad Mining, Inc.	14-31885	59761	Wells Fargo	225 South Jefferson Street, 2nd Floor, Roanoke, VA  24011	-
GE Capital Corp and JRCC			UBS		68,137
Indemnity National Ins. Co Secured Party FBO JRCC		8529	Morgan Stanley		8,660
Notes to MOR-1a:
All amounts listed above are the bank balances as of month end.Copies of bank statements and cash disbursement journals were not included with the MOR, but will be made available upon request.

 

 

In re James River Coal Company							Form No.	MOR-2
							Case No. (Jointly Administered)	14-31848
							Reporting Period:	June 30, 2014
							Federal Tax ID#	54-1602012

 

Statements of Operations

For the Month Ended June 30, 2014

(Amounts in thousands)

 

		Consolidated James River Coal Company
Revenues
Coal sales revenue		$	46,702
Freight and handling revenue			2,967
Total revenue			49,669
Cost of sales:
Cost of coal sold			45,368
Freight and handling costs			2,967
Depreciation, depletion, and amortization			6,570
Total cost of sales			54,905
Gross profit(loss)			(5,236	)
Selling, general and administrative expenses			1,965
Reorganization Items			54,963
Total operating loss			(62,164	)
Interest expense			548
Interest income			(12	)
Miscellaneous income, net			(1,921	)
Total other (income) expense, net			(1,385	)
Net loss before income taxes			(60,779	)
Income tax expense			–
Net loss		$	(60,779	)

 

Notes to MOR-2          

 

(1)	The Company's reorganization items for the month ofJune 30, 2014 consisted of the following:

 

Professional Fees		$	4,349
Write off of debt discount & financing cost		$	51,450
Accounts payable settlement gains		$	(836	)
		$	54,963

 

Professional fees are only those that are directly related to the reorganization and include fees associated with advisors to debtors, the statutory committee of unsecured creditors and certain secured creditors.

 

 

In re James River Coal Company									Form No.	MOR-3
									Case No. (Jointly Administered)	14-31848
									Reporting Period:	June 30, 2014
									Federal Tax ID#	54-1602012
Balance Sheets
June 30, 2014
(Amounts in thousands)

 

		June 30, 2014
Assets		(unaudited)
Current assets:
Cash and cash equivalents		$	84,191
Trade receivables			51,807
Inventories:
Coal			28,025
Materials and supplies			11,461
Total inventories			39,486
Prepaid royalties			2,927
Other current assets			5,613
Total current assets			184,024
Property, plant, and equipment, net			595,801
Restricted cash and short term investments			76,814
Other assets			13,538
Total assets		$	870,177
Liabilities and Shareholders' Deficit
Current liabilities:
Accounts payable		$	23,596
Accrued salaries, wages, and employee benefits			6,677
Workers' compensation benefits			8,876
Black lung benefits			2,813
Accrued taxes			8,104
Other current liabilities			7,740
Total current liabilities			57,806
Long-term debt, less current maturities			107,160
Other liabilities:
Noncurrent portion of workers' compensation benefits			59,036
Noncurrent portion of black lung benefits			64,099
Pension obligations			15,105
Asset retirement obligations			113,676
Other			8,823
Total other liabilities			260,739
Liabilities subject to compromise			517,697
Total liabilities			943,402
Shareholders' deficit			(73,225	)
Total liabilities and shareholders' deficit		$	870,177

 

 

In re James River Coal Company

Form No.

MOR-3

Case No. (Jointly Administered)

14-31848

Reporting Period:

June 30, 2014

Federal Tax ID#

54-1602012

 

Notes to MOR-3:

On April 7, 2014, the Company and its 33 wholly-owned subsidiaries entered into that certain super priority Debtor-in Possession Credit Agreement (the “DIP Facility”) consisting of a term loan facility in the aggregate principal amount of $110.0 million from a syndicate of lenders, with Cantor Fitzgerald Securities acting as administrative agent and collateral agent.  The Company’s initial borrowing under the DIP Facility was made on April 10, 2014 in the amount of $80 million and a subsequent borrowing of $30 million was made on June 13, 2014.  In July 2014, the Company repaid $20.0 million of the outstanding principal on the DIP facility.The Borrowings under the DIP Facility have been used to (i) fund the operational and working capital needs of the Debtor, (ii) pay the fees, costs and expenses incurred by the Debtors in connection with their Chapter 11 cases and (iii) pay in full certain pre-petition debt and cash collateral letters of credit issued under the Debtors’ pre-petition credit agreement.

As of June 30, 2014, we have $84.2 million in cash and cash equivalents and $76.8 million in restricted cash.

Liabilities subject to compromise represent unsecured obligations that will be accounted for under a plan of reorganization. Generally, actions to enforce or otherwise affect payment of pre-petition liabilities are stayed. Accounting Standards Codification (ASC) 852 requires pre-petition liabilities that are subject to compromise to be reported at the amounts expected to be allowed, even if they may be settled for lesser amounts. These liabilities represent the amounts expected to be allowed on known or potential claims to be resolved through the Chapter 11 process, and remain subject to future adjustments arising from negotiated settlements, actions of the Bankruptcy Court, rejection of executory contracts and unexpired leases, the determination as to the value of collateral securing the claims, proofs of claim, and other events. Liabilities subject to compromise also include certain items that may be assumed under the plan of reorganization, and, as such, may be subsequently reclassified to liabilities not subject to compromise.

The Bankruptcy Court has approved payment of certain pre-petition obligations, including employee wages, salaries and benefits, and the payment of vendors and other providers in the ordinary course for goods and services received after the filing of the Chapter 11 petitions and other business related expenses necessary to maintain the operations of the Debtors' businesses. Obligations associated with these matters are not classified as liabilities subject to compromise.

With the approval of the Bankruptcy Court, the Debtors may reject certain pre-petition executory contracts and unexpired leases. Damages resulting from rejection of executory contracts and unexpired leases are generally treated as general unsecured claims and are classified as liabilities subject to compromise. Holders of pre-petition claims are required to file proofs of claims by the “bar date."The general bar date is September 22, 2014, which is the date by which certain claims against the Debtors must be filed if the claimants wish to receive any distribution in the Chapter 11 Cases. Creditors have been notified of the bar date and the requirements to file a proof of claim with the Bankruptcy Court. Differences between liability amounts estimated by the Debtors and claims filed by creditors will be investigated and, if necessary, the Bankruptcy Court will make a final determination as to the amount of the allowable claim. The determination of how liabilities will ultimately be treated cannot be made until the Bankruptcy Court approves a plan of reorganization. The Debtors will continue to evaluate these liabilities throughout the Chapter 11 Cases and adjust amounts as necessary. Such adjustments may be material. In light of the expected number of creditors, the claims resolutions process may take considerable time to complete. Accordingly, the ultimate amount or treatment of such liabilities is not determinable at this time.

 

 

In re James River Coal Company									Form No.	MOR-3
									Case No. (Jointly Administered)	14-31848
									Reporting Period:	June 30, 2014
									Federal Tax ID#	54-1602012

 

Balance Sheets continued

Liabilities Subject to Compromise

June 30, 2014

(Amounts in thousands)

 

Unsecured debt - prepetition		$	463,606
Interest payable			17,049
Trade payable			35,929
Other accrual			1,113
Debt discounts			–
		$	517,697

 

Other accrual primarily consist of accrued royalties.

Debt discounts will be written off once debt claims are allowed.    

 

 

In re James River Coal Company				Form No.	MOR-4
				Case No. (Jointly Administered)	14-31848
				Reporting Period:	June 30, 2014
				Federal Tax ID#	54-1602012

 

Status of Post-Petition Taxes

For the Month Ended June 30, 2014

(Amounts in thousands)

           

 

		Beginning Tax Liability				Amount Withheld and/or Accrued				Amount (Paid) Received				Ending Tax Liability
Payroll Taxes - Federal, State		$	183			$	2,558			$	2,589			$	151
Federal Taxes, excluding Payroll Taxes
Federal Production Tax			377				500				(388	)			489
Federal Income Tax			(375	)											(375	)
Total Federal Taxes excluding Payroll Taxes			2				3,057				2,201				114
State and Local Taxes, excluding Payroll Taxes
State Production Tax			829				740				(782	)			787
Personal Property Tax			6,192				819				133				6,878
Sales and Use Tax			63				48				57				54
Franchise Tax			1				19								20
Other Taxes			161				(61	)							99
Total State and Local Taxes, excluding Payroll Taxes			7,245				1,565				(592	)			7,839
Total Taxes		$	7,430			$	7,180			$	4,198			$	8,104

 

Notes to MOR-4

Tax payments may include certain prepetition payments that were authorized through motions approved by the Bankruptcy Court.  

 

 

In re James River Coal Company			Form No.			MOR-6
			Case No. (Jointly Administered)			14-31848
			Reporting Period:			June 30, 2014
			Federal Tax ID#			54-1602012

 

Schedule of Payments to Professionals

For the Month Ended June 30, 2014

(Amounts in thousands)

 

					Amount Paid
	Professional		Role		Month	Cumulative From April 7, 2014
	Davis Polk & Wardwell, LLP		Bankruptcy and Restructuring Counsel		726	726
	Deutsche Bank		Investment Banker		2,672	2,672
	EpiqSystems, Inc.		Bankruptcy & Restructuring Advisors		-	92
	GE Capital		Write off Loan Costs		-	20
	Intralilnks, Inc.		Virtual Data Room		3	3
	Kutak Rock, LLP		Local Counsel for DIP Lender		-	20
	Miller Advertising		Notice of Auction		-	14
	Paul, Weiss, Rifkind, Wharton, Garrison, LLP		DIP Lender Counsel		-	180
	Zolfo Cooper, LLC		DIP Lender Advisor		31	60

 

Notes to MOR-6:

Professional fees do not include payments to professionals or consultants that are paid in the ordinary course of business.  

 

In re James River Coal Company			Form No.		MOR-6
			Case No. (Jointly Administered)		14-31848
			Reporting Period:		June 30, 2014
			Federal Tax ID#		54-1602012

 

Debtor Questionnaire

For the Month Ended June 30, 2014

 

	Must be completed each month. If the answer to any of the questions is “Yes”, provide a detailed explanation of each item. Attach additional sheets if necessary.	Yes	No	Explanation
1	Have any assets been sold or transferred outside the normal course of business this reporting period?	ü		Sold certain assets of McCoy Elkhorn to Marshall Resources for $449,997 as approved by the court
2	Have any funds been disbursed from any account other than a debtor in possession account this reporting period?		ü
3	Is the Debtor delinquent in the timely filing of any post-petition tax returns?		ü
4	Are workers compensation, general liability or other necessary insurance coverages expired or cancelled, or has the debtor received notice of expiration or cancellation of such policies?		ü
5	Is the Debtor delinquent in paying any insurance premium payment?		ü
6	Have any payments been made on pre-petition liabilities this reporting period?	ü		Only per motions approved by the court
7	Are any post petition receivables (accounts, notes or loans) due from related parties?	ü		Normal course of business
8	Are any post petition payroll taxes past due?		ü
9	Are any post petition State or Federal income taxes past due?		ü
10	Are any post petition real estate taxes past due?		ü
11	Are any other post petition taxes past due?		ü
12	Have any pre-petition taxes been paid during this reporting period?	ü		Only per motions approved by the court
13	Are any amounts owed to post petition creditors delinquent?		ü
14	Are any wage payments past due?		ü
15	Have any post petition loans been received by the Debtor from any party?		ü
16	Is the Debtor delinquent in paying any U.S. Trustee fees?		ü
17	Is the Debtor delinquent with any court ordered payments to attorneys or other professionals?		ü
18	Have the owners or shareholders received any compensation outside of the normal course of business?		ü