Attached files
| file | filename |
|---|---|
| 8-K - 8-K - AMERICAN APPAREL, INC | a8knovembermor.htm |
| EX-99.2 - EXHIBIT 99.2 - FIRST AMENDED JOINT PLAN - AMERICAN APPAREL, INC | a992firstamendedjointplano.htm |
EXHIBIT 99.1
UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
In re American Apparel, Inc., et al., Case No: 15-12055 (BLS)
Debtor Reporting Period: For the Month Ended November 30, 2015
MONTHLY OPERATING REPORT
AMERICAN APPAREL, INC., ET AL
Required Documents | Form No. | Document Attached |
Schedule of Cash Receipts and Disbursements | ||
Bank Reconciliation | MOR-1a | X |
Total Disbursements by Filed Legal Entity | MOR-1b | X |
Cash Balance at Wilmington Trust Funding Account | MOR-1c | X |
Copies of Bank Statements | (a) | |
Cash Disbursements Journals | (a) | |
Statement of Operations | MOR-2 | X |
Balance Sheet | MOR-3 | X |
Statement of Cash Flow | MOR-4 | X |
Status of Post-petition Taxes | MOR-5 | X |
Copies of IRS Form 6123 or payment receipt | (a) | |
Copies of tax returns filed during reporting period | (a) | |
Summary of Unpaid Post-petition Debts | ||
Listing of Aged Accounts Payable | MOR-6 | X |
Accounts Receivable Aging | MOR-7 | X |
Disbursements to Retained Professionals | MOR-8 | X |
Debtor Questionnaire | MOR-9 | X |
(a) Support to these items may be made available upon request.
I declared under penalty of perjury (28 U.S.C. Section 1746) that this report and then attached documents are true and correct to the best of my knowledge and belief.
Signature of Debtor /s/ Hassan N. Natha | Date January 11, 2016 | |
Signature of Authorized Individual Hassan N. Natha - Chief Financial Officer | Date January 11, 2016 | |
Printed Name of Authorized Individual | Date | |
American Apparel, Inc. and Subsidiaries
Debtors and Debtors In Possession
MOR 1a - Bank Reconciliation (unaudited)
October 31, 2015
GL Acct | Account Name | Bank Account # | Debtor | Description | Bank Balance | GL Balance | As of Date | Reconciled As of | ||||||||||||
10400 | CD Checking | 542053860 | American Apparel USA LLC | AP checking | $ | 20,000 | $ | (10,000 | ) | 11/30/2015 | 12/2/2015 | |||||||||
10415 | Disbursement | 7528179643 | American Apparel USA LLC | AP checking | 1,211,705 | 222,442 | 11/30/2015 | 12/2/2015 | ||||||||||||
10452 | Credit Card Settlement | 7527486585 | American Apparel USA LLC | Credit card | 2,000 | 2,000 | 11/30/2015 | 12/2/2015 | ||||||||||||
10450 | Block account | 7527486232 | American Apparel USA LLC | Check & wire deposits | 2,587,904 | 2,587,904 | 11/30/2015 | 12/2/2015 | ||||||||||||
10452 | Master Operating | 7527486240 | American Apparel USA LLC | Wire transfer | 2,111,772 | 2,111,772 | 11/30/2015 | 12/2/2015 | ||||||||||||
10453 | Payroll | 7527486259 | American Apparel USA LLC | Payroll | 16,824 | (51,634 | ) | 11/30/2015 | 12/2/2015 | |||||||||||
10440 | Int'l Collection | 7527486267 | American Apparel USA LLC | Hong Kong Singapore | 2,000 | 2,000 | 11/30/2015 | 12/2/2015 | ||||||||||||
10453 | Int'l Australia | 7527486593 | American Apparel USA LLC | Australia online | 2,000 | 2,000 | 11/30/2015 | 12/2/2015 | ||||||||||||
10454 | Web Online | 7527710132 | American Apparel USA LLC | Web online | 2,000 | 2,000 | 11/30/2015 | 12/2/2015 | ||||||||||||
10451 | Reserve/Bond | 7527486577 | American Apparel USA LLC | Reserve for bond interest payment | — | — | 11/30/2015 | 12/2/2015 | ||||||||||||
10460 | HSBC-operating | 193577 | American Apparel USA LLC | ACH payment | (2,603 | ) | (2,603 | ) | 11/30/2015 | 12/2/2015 | ||||||||||
10610-999 | Capital One Bank - Concentration | 00008621899999 | American Apparel Retail, Inc. | Concentration | 2,100 | 2,100 | 11/30/2015 | 12/3/2015 | ||||||||||||
10370-999 | Capital One Bank-LB | 00007527486275 | American Apparel Retail, Inc. | Lock Box | 6,951 | 6,951 | 11/30/2015 | 12/3/2015 | ||||||||||||
10371-999 | Capital One Bank-Oper | 00007527486283 | American Apparel Retail, Inc. | Operating | 21,518 | 1,335,520 | 11/30/2015 | 12/3/2015 | ||||||||||||
10373-999 | Capital One Bank-Payroll | 00007527486291 | American Apparel Retail, Inc. | Payroll | 24,117 | 7,787 | 11/30/2015 | 12/3/2015 | ||||||||||||
10372-999 | Capital One Bank-AP | 00000542053879 | American Apparel Retail, Inc. | Pre filing AP disbursement account | 10,000 | 10,000 | 11/30/2015 | 12/3/2015 | ||||||||||||
10396-053 | Bank of Hawaii | 0006-544819 | American Apparel Retail, Inc. | Store Deposit | 70,069 | 70,703 | 11/30/2015 | 12/3/2015 | ||||||||||||
10225-999 | Citibank | 205795602 | American Apparel Retail, Inc. | Deposits | 85,250 | 85,250 | 11/30/2015 | 12/3/2015 | ||||||||||||
10374-999 | Capital One Bank-AP | 00007528179635 | American Apparel Retail, Inc. | Post filing AP disbursement account | 1,207,950 | 1,295,582 | 11/30/2015 | 12/3/2015 | ||||||||||||
10382-822 | Paypal - Oak | NA | American Apparel Retail, Inc. | Oak Online Account | (7,548 | ) | (7,548 | ) | 11/30/2015 | 12/3/2015 | ||||||||||
NA | Capital One Bank | 00007527486001 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486002 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486005 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486006 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486009 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486010 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486011 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486016 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486017 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486018 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486019 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486020 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486021 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486602 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486025 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486026 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486027 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486028 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486031 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486032 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486033 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486034 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486035 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486036 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486037 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486041 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486042 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486043 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486044 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486045 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486047 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486049 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486051 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486053 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486054 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486056 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486057 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486059 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486060 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486063 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486064 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486066 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486067 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486068 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486070 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486072 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486073 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486074 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486075 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486077 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486078 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486079 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486081 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486082 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486083 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486084 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486086 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486088 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486089 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486091 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486093 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486094 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486095 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486097 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486098 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486100 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486101 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486102 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486103 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486106 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486107 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486108 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486109 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486111 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486113 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486114 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486115 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486116 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486119 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486120 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486121 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486122 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486123 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486125 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486126 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486128 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486129 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486131 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486132 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486134 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486135 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486136 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486137 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486138 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486139 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486140 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486143 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486144 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486146 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486147 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486149 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486150 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486152 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486153 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486155 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486156 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486157 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486158 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486159 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486160 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486161 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486165 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486166 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486167 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486168 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486169 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486170 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486171 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486172 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486173 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486174 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486179 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486181 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486184 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486186 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486187 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486188 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486189 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486190 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486193 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486194 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486200 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486000 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486801 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486802 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486803 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
NA | Capital One Bank | 00007527486804 | American Apparel Retail, Inc. | Zero Balance Bank Account | — | — | 11/30/2015 | 12/3/2015 | ||||||||||||
American Apparel, Inc. and Subsidiaries
Debtors and Debtors In Possession
MOR 1b - Total Disbursements by Filed Legal Entity (unaudited)
(in thousands)
For the Period Ended November 30, 2015 | ||||||
Legal Entity | Case Number | Disbursements (1) | ||||
American Apparel (USA), LLC | 15-12057 | $ | 10,821 | |||
American Apparel Retail, Inc. | 15-12058 | $ | 4,814 | |||
American Apparel, Inc. | 15-12055 | $ | 396 | |||
American Apparel Dyeing & Finishing, Inc. | 15-12059 | $ | 121 | |||
KCL Knitting, LLC | 15-12060 | $ | 17 | |||
Fresh Air Freight, Inc. | 15-12061 | $ | — | |||
(1) Disbursements are shown based on the entity for which they are attributed to, not the entity which made the payment.
For Quarter-To-Date November 30, 2015 | ||||||
Legal Entity | Case Number | Disbursements (1)(2) | ||||
American Apparel (USA), LLC | 15-12057 | $ | 20,299 | |||
American Apparel Retail, Inc. | 15-12058 | $ | 5,480 | |||
American Apparel, Inc. | 15-12055 | $ | 5,339 | |||
American Apparel Dyeing & Finishing, Inc. | 15-12059 | $ | 199 | |||
KCL Knitting, LLC | 15-12060 | $ | 633 | |||
Fresh Air Freight, Inc. | 15-12061 | $ | — | |||
(1) Disbursements are shown based on the entity for which they are attributed to, not the entity which made the payment.
(2) Quarter-to-date disbursements reflect October corrections reported in November.
American Apparel, Inc. and Subsidiaries
Debtors and Debtors In Possession
MOR 1c - Cash Balance at Wilmington Trust Funding Account (unaudited)
For the Period Ended November 30, 2015
(in thousands)
Amounts | ||||
Beginning Balance | $ | 16,846 | ||
Additions (collections and debtor-in-possession financing) | 48,505 | |||
Withdrawal | (32,565 | ) | ||
Ending Balance | $ | 32,786 | ||
American Apparel, Inc. and Subsidiaries
Debtors and Debtors In Possession
MOR 2 - Condensed Consolidated Statements of Operations (unaudited)
(in thousands)
For the Period Ended November 30, 2015 | ||||
Net sales | $ | 22,294 | ||
Cost of sales | 15,012 | |||
Gross profit | 7,282 | |||
Selling, general and administrative expenses | 13,690 | |||
Loss from operations before interest expense, reorganization items, non-operating loss, and income taxes | (6,408 | ) | ||
Interest expense | 3,609 | |||
Reorganization items, net | 4,496 | |||
Other income | (14 | ) | ||
Loss from operations before income tax | (14,499 | ) | ||
Income tax provision | — | |||
Net loss | $ | (14,499 | ) | |
American Apparel, Inc. and Subsidiaries
Debtors and Debtors In Possession
MOR 2 - Condensed Consolidated Statements of Operations (unaudited)
For The Period Ended November 30, 2015
(in thousands)
American Apparel (USA), LLC (1) | American Apparel Retail, Inc. | American Apparel, Inc. | American Apparel Dyeing & Finishing, Inc. (1) | KCL Knitting, LLC (1) | Fresh Air Freight, Inc. (1) | Total Debtors (2) | |||||||||||||||||||||
Net sales | $ | 13,284 | $ | 9,010 | $ | — | $ | — | $ | — | $ | — | $ | 22,294 | |||||||||||||
Cost of sales | 11,000 | 4,012 | — | — | — | — | 15,012 | ||||||||||||||||||||
Gross profit | 2,284 | 4,998 | — | — | — | — | 7,282 | ||||||||||||||||||||
Selling, general and administrative expenses | 6,454 | 7,081 | 155 | — | — | — | 13,690 | ||||||||||||||||||||
(Loss) income from operations before interest expense, reorganization items, non-operating loss, and income taxes | (4,170 | ) | (2,083 | ) | (155 | ) | — | — | — | (6,408 | ) | ||||||||||||||||
Interest expense | 3,609 | — | — | — | — | — | 3,609 | ||||||||||||||||||||
Reorganization items, net | 4,496 | — | — | — | — | — | 4,496 | ||||||||||||||||||||
Other income | — | (14 | ) | — | — | — | — | (14 | ) | ||||||||||||||||||
(Loss) income from operations before income tax | $ | (12,275 | ) | $ | (2,069 | ) | $ | (155 | ) | $ | — | $ | — | $ | — | $ | (14,499 | ) | |||||||||
Income tax provision | — | — | — | — | — | — | — | ||||||||||||||||||||
Net (loss) income | $ | (12,275 | ) | $ | (2,069 | ) | $ | (155 | ) | $ | — | $ | — | $ | — | $ | (14,499 | ) | |||||||||
(1) Transactions are all accounted by American Apparel (USA), LLC.
(2) Does not include eliminations.
American Apparel, Inc. and Subsidiaries
Debtors and Debtors In Possession
MOR 3 - Condensed Consolidated Balance Sheet (unaudited)
(in thousands)
November 30, 2015 | ||||
ASSETS | ||||
Current assets: | ||||
Cash | $ | 41,732 | ||
Accounts receivable, Net (1) | 16,009 | |||
Prepaid expenses and other current assets | 19,129 | |||
Inventories, net | 87,292 | |||
Intercompany accounts receivable, net | 1,511 | |||
Total current assets | 165,673 | |||
Property and equipment, net | 24,726 | |||
Deferred income taxes, net of valuation allowance | 1,193 | |||
Other assets, net | 53,660 | |||
TOTAL ASSETS | $ | 245,252 | ||
LIABILITIES AND STOCKHOLDERS' DEFICIT | ||||
Debtor-in-possession financing | $ | 90,080 | ||
Accounts payable | 4,769 | |||
Accrued expenses and other current liabilities | 23,015 | |||
Income taxes payable | 56 | |||
Deferred income tax liability, current | 1,193 | |||
Intercompany accounts payable | 351 | |||
Total liabilities not subject to compromise | 119,464 | |||
Liabilities subject to compromise (2) | 351,130 | |||
TOTAL LIABILITIES | 470,594 | |||
STOCKHOLDERS' DEFICIT | ||||
Preferred stock | — | |||
Common stock | 118 | |||
Additional paid-in capital | 210,001 | |||
Accumulated other comprehensive loss | 145 | |||
Accumulated deficit | (433,449 | ) | ||
Less: Treasury stock | (2,157 | ) | ||
TOTAL STOCKHOLDERS' DEFICIT | (225,342 | ) | ||
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ | 245,252 | ||
(1) Includes American Apparel (USA), LLC accounts receivable from third-party vendors of $13,872 (see MOR 7). The remaining balances are mainly credit card receivables from customers.
(2) Consists of pre-petition liabilities.
American Apparel, Inc. and Subsidiaries
Debtors and Debtors In Possession
MOR 3 - Condensed Consolidating Balance Sheet (unaudited)
November 30, 2015
(in thousands)
American Apparel (USA), LLC (1) | American Apparel Retail, Inc. | American Apparel, Inc. | American Apparel Dyeing & Finishing, Inc. (1) | KCL Knitting, LLC (1) | Fresh Air Freight, Inc. (1) | Total Debtors (2) | |||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||||
Current assets: | |||||||||||||||||||||||||||
Cash | $ | 38,254 | $ | 3,478 | $ | — | $ | — | $ | — | $ | — | $ | 41,732 | |||||||||||||
Accounts receivable, Net (3) | 15,355 | 654 | — | — | — | — | 16,009 | ||||||||||||||||||||
Prepaid expenses and other current assets | 14,625 | 1,495 | 3,009 | — | — | — | 19,129 | ||||||||||||||||||||
Inventories, net | 64,927 | 22,365 | — | — | — | — | 87,292 | ||||||||||||||||||||
Intercompany accounts receivable, net | (3,183 | ) | 7,566 | (2,872 | ) | — | — | — | 1,511 | ||||||||||||||||||
Total current assets | 129,978 | 35,558 | 137 | — | — | — | 165,673 | ||||||||||||||||||||
Property and equipment, net | 13,453 | 11,273 | — | — | — | — | 24,726 | ||||||||||||||||||||
Deferred income taxes, net of valuation allowance | 1,193 | — | — | — | — | — | 1,193 | ||||||||||||||||||||
Investments in subsidiaries | 11,163 | 346 | — | — | — | — | 11,509 | ||||||||||||||||||||
Other assets, net | 39,981 | 2,170 | — | — | — | — | 42,151 | ||||||||||||||||||||
TOTAL ASSETS | $ | 195,768 | $ | 49,347 | $ | 137 | $ | — | $ | — | $ | — | $ | 245,252 | |||||||||||||
LIABILITIES AND STOCKHOLDERS' DEFICIT | |||||||||||||||||||||||||||
Debtor-in-possession financing | $ | 90,080 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 90,080 | |||||||||||||
Accounts payable | 3,989 | 780 | — | — | — | — | 4,769 | ||||||||||||||||||||
Accrued expenses and other current liabilities | 17,245 | 5,770 | — | — | — | — | 23,015 | ||||||||||||||||||||
Income taxes payable | — | 56 | — | — | — | — | 56 | ||||||||||||||||||||
Deferred income tax liability, current | 1,193 | — | — | — | — | — | 1,193 | ||||||||||||||||||||
Intercompany accounts payable | 351 | — | — | 351 | |||||||||||||||||||||||
Total liabilities not subject to compromise | 112,858 | 6,606 | — | — | — | — | 119,464 | ||||||||||||||||||||
Liabilities subject to compromise (4) | 618,217 | (67,303 | ) | (199,784 | ) | — | — | — | 351,130 | ||||||||||||||||||
TOTAL LIABILITIES | 731,075 | (60,697 | ) | (199,784 | ) | — | — | — | 470,594 | ||||||||||||||||||
STOCKHOLDERS' DEFICIT (EQUITY) | |||||||||||||||||||||||||||
Preferred stock | — | — | — | — | — | — | — | ||||||||||||||||||||
Common stock | 100 | — | 18 | — | — | — | 118 | ||||||||||||||||||||
Additional paid-in capital | 4,703 | 2,023 | 203,275 | — | — | — | 210,001 | ||||||||||||||||||||
Accumulated other comprehensive loss | 36 | — | 109 | — | — | — | 145 | ||||||||||||||||||||
Accumulated deficit | (540,146 | ) | 108,021 | (1,324 | ) | — | — | — | (433,449 | ) | |||||||||||||||||
Less: Treasury stock | — | — | (2,157 | ) | — | — | — | (2,157 | ) | ||||||||||||||||||
TOTAL STOCKHOLDERS' DEFICIT (EQUITY) | (535,307 | ) | 110,044 | 199,921 | — | — | — | (225,342 | ) | ||||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT (EQUITY) | $ | 195,768 | $ | 49,347 | $ | 137 | $ | — | $ | — | $ | — | $ | 245,252 | |||||||||||||
(1) Transactions are all accounted by American Apparel (USA), LLC.
(2) Does not include eliminations.
(3) Includes American Apparel (USA), LLC accounts receivable from third-party vendors of $13,872 (see MOR 7). The remaining balances are mainly credit card receivables from customers.
(4) Consists of pre-petition liabilities.
American Apparel, Inc. and Subsidiaries
Debtors and Debtors In Possession
MOR 4 - Condensed Consolidating Statement of Cash Flows (unaudited)
(in thousands)
For the Period Ended November 30, 2015 | ||||
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Net cash provided by operating activities | $ | 1,315 | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Capital expenditures | (29 | ) | ||
Net cash used in investing activities | (29 | ) | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Proceeds under debtor-in-possession financing, net | 20,102 | |||
Payments of capital lease obligations | (236 | ) | ||
Settlements of intercompany accounts | (729 | ) | ||
Net cash provided by financing activities | 19,137 | |||
Net increase in cash | $ | 20,423 | ||
Cash, beginning of period | 21,309 | |||
Cash, end of period | $ | 41,732 | ||
American Apparel, Inc. and Subsidiaries
Debtors and Debtors In Possession
MOR 4 - Condensed Consolidating Statement of Cash Flows (unaudited)
For The Period Ended November 30, 2015
(in thousands)
American Apparel (USA), LLC (1) | American Apparel Retail, Inc. | American Apparel, Inc. | American Apparel Dyeing & Finishing, Inc. (1) | KCL Knitting, LLC (1) | Fresh Air Freight, Inc. (1) | Total Debtors (2) | |||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | (2,672 | ) | $ | 3,987 | $ | — | $ | — | $ | — | $ | — | $ | 1,315 | ||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||||||||
Capital expenditures | (17 | ) | (12 | ) | — | — | — | — | (29 | ) | |||||||||||||||||
Net cash used in investing activities | (17 | ) | (12 | ) | — | — | — | — | (29 | ) | |||||||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||||||||||||||||||||
Proceeds under debtor-in-possession financing, net | 20,102 | — | — | — | — | — | 20,102 | ||||||||||||||||||||
Payments of capital lease obligations | (236 | ) | — | — | — | — | — | (236 | ) | ||||||||||||||||||
Settlements of intercompany accounts | 1,183 | (1,912 | ) | — | — | — | — | (729 | ) | ||||||||||||||||||
Net cash provided by (used in) financing activities | 21,049 | (1,912 | ) | — | — | — | — | 19,137 | |||||||||||||||||||
Net increase in cash | 18,360 | 2,063 | — | — | — | — | 20,423 | ||||||||||||||||||||
Cash, beginning of period | 19,894 | 1,415 | — | — | — | — | 21,309 | ||||||||||||||||||||
Cash, end of period | $ | 38,254 | $ | 3,478 | $ | — | $ | — | $ | — | $ | — | $ | 41,732 | |||||||||||||
(1) Transactions are all accounted by American Apparel (USA), LLC.
(2) Does not include eliminations.
American Apparel, Inc. and Subsidiaries
Debtors and Debtors In Possession
MOR 5 - Schedule of Federal, State and Local Taxes Collected, Received, Due or Withheld (unaudited)
For the Period Ended November 30, 2015
Taxes | Amounts | |||
Payroll Taxes | ||||
Payroll taxes withheld employee | $ | 1,845,034 | ||
Payroll taxes withheld employer | 819,072 | |||
Total payroll taxes withheld | $ | 2,664,106 | ||
Amount of payroll tax remitted to tax authorities (1)(2) | $ | 2,666,623 | ||
Date(s) remitted to tax authorities | Various | |||
Sales Taxes | ||||
Sales tax collected and incurred | $ | 741,257 | ||
Amount of sales taxes remitted to tax authorities (3) | $ | 1,252,328 | ||
Date(s) remitted to tax authorities | Various | |||
Property Taxes Paid | $ | 23,268 | ||
Other Taxes Paid | $ | 33,860 | ||
(1) Applicable to American Apparel (USA) LLC, and American Apparel Retail, Inc.
(2) Payroll taxes remitted does not equal taxes withheld because of tax entity payment timing requirements.
(3) Tax is remitted one month in arrears of collection month.
American Apparel, Inc. and Subsidiaries
Debtors and Debtors In Possession
MOR 6 - Summary of Unpaid Post-Petition Debts (unaudited)
November 30, 2015
(in thousands)
Accounts Payable Aging | Amounts | |||
American Apparel (USA), LLC | ||||
0-30 | $ | 3,248 | ||
30-60 | 741 | |||
60-90 | — | |||
91+ | — | |||
Total Accounts Payable (1) | $ | 3,989 | ||
(1) Represents total post-petition accounts payable for all Debtors except American Apparel Retail, Inc., which is presented below. | ||||
American Apparel Retail, Inc. | ||||
0-30 | $ | 727 | ||
30-60 | 53 | |||
60-90 | — | |||
91+ | — | |||
Total Accounts Payable (2) | $ | 780 | ||
(2) Represents total post-petition accounts payable. | ||||
American Apparel, Inc. and Subsidiaries
Debtors and Debtors In Possession
MOR 7 - Accounts Receivable Aging (unaudited)
November 30, 2015
(in thousands)
Accounts Receivable Aging | Amounts | |||
0-30 | $ | 11,976 | ||
30-60 | 986 | |||
60-90 | 565 | |||
91+ | 560 | |||
Total Accounts Receivable | $ | 14,087 | ||
Amount considered uncollectible | (215 | ) | ||
Accounts Receivable, Net (1) | $ | 13,872 | ||
(1) Represents third-party vendor sales. | ||||
American Apparel, Inc. and Subsidiaries
Debtors and Debtors In Possession
MOR 8 - Total Disbursements to Retained Professionals (unaudited)
For the Period Ended November 30, 2015
Retained Professionals | Amount Approved | Disbursements | |||||||
Ducera Partners LLC | Advisors | $ | 107,155 | $ | 107,155 | ||||
Ducera Partners LLC | Advisors | $ | 105,710 | $ | 105,710 | ||||
Garden City Group, LLC | Case Administrator | $ | 183,000 | $ | 183,000 | ||||
American Apparel, Inc. and Subsidiaries
Debtors and Debtors In Possession
MOR 9 - Questionnaire
Question | 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? If yes, provide an explanation below. | X | |
3. Have all post-petition 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 (1) | |
(1) A new bank account was opened for the sole purpose of funding the payment of utilities during the Chapter 11 proceedings with prior approval of the U.S. Trustee and Debtors-In-Possession lenders. Bank account ending in 1227 was opened in November with Signature Bank (NASDAQ: SBNY).