Attached files
file | filename |
---|---|
8-K - FORM 8-K - Guaranty Financial Group Inc. | d70727e8vk.htm |
EX-99.3 - EX-99.3 - Guaranty Financial Group Inc. | d70727exv99w3.htm |
EX-99.1 - EX-99.1 - Guaranty Financial Group Inc. | d70727exv99w1.htm |
EX-99.4 - EX-99.4 - Guaranty Financial Group Inc. | d70727exv99w4.htm |
Exhibit 99.2
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CASE NAME: Guaranty Group Ventures Inc. | ACCRUAL BASIS | |
CASE NUMBER: 09-35583 | ||
JUDGE: Judge Houser |
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF TEXAS
DALLAS DIVISION
MONTHLY OPERATING REPORT
MONTH ENDING: December 31, 2009
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE,
I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING
MONTHLY OPERATING REPORT (ACCRUAL BASIS 1 THROUGH ACCRUAL BASIS 7) AND
THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE
DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER
(OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH
PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY:
/s/ Dennis Faulkner
|
Chief Restructuring Officer | |
Original Signature of Responsible Party
|
Title | |
Dennis S. Faulkner
|
01/13/10 | |
Printed Name of Responsible Party
|
Date | |
PREPARER: |
||
/s/ Jason Rae
|
Accountant | |
Original Signature of Preparer
|
Title | |
Jason A. Rae
|
01/13/10 | |
Printed Name of Preparer
|
Date |
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CASE NAME: Guaranty Group Ventures Inc. | ACCRUAL BASIS 1 | |
CASE NUMBER: 09-35583 |
(SEE GENERAL FOOTNOTE) | ||||||||||||||||||
SCHEDULED | MONTH | MONTH | MONTH | |||||||||||||||
COMPARATIVE BALANCE SHEET | AMOUNT | Oct-09 | Nov-09 | Dec-09 | ||||||||||||||
ASSETS | ||||||||||||||||||
1. | Unrestricted Cash |
6,255,251 | 6,256,119 | 6,256,736 | 6,257,373 | |||||||||||||
2. | Restricted Cash |
|||||||||||||||||
3. | Total Cash |
6,255,251 | 6,256,119 | 6,256,736 | 6,257,373 | |||||||||||||
4. | Accounts Receivable (Net) |
|||||||||||||||||
5. | Inventory |
|||||||||||||||||
6. | Notes Receivable |
|||||||||||||||||
7. | Prepaid Expenses |
|||||||||||||||||
8. | Other (Attach List) |
|||||||||||||||||
9. | Total Current Assets |
6,255,251 | 6,256,119 | 6,256,736 | 6,257,373 | |||||||||||||
10. | Property, Plant & Equipment |
|||||||||||||||||
11. | Less: Accumulated Depreciation/Depletion |
|||||||||||||||||
12. | Net Property, Plant & Equipment |
|||||||||||||||||
13. | Due From Insiders |
|||||||||||||||||
14. | Other Assets Net of Amortization (Attach List) |
|||||||||||||||||
15. | Other (Attach List) |
5,984,451 | 5,984,451 | 5,984,451 | 5,984,451 | |||||||||||||
16. | Total Assets |
12,239,702 | 12,240,569 | 12,241,187 | 12,241,824 | |||||||||||||
POST PETITION LIABILITIES | ||||||||||||||||||
17. | Accounts Payable |
|||||||||||||||||
18. | Taxes Payable |
|||||||||||||||||
19. | Notes Payable |
|||||||||||||||||
20. | Professional Fees |
|||||||||||||||||
21. | Secured Debt |
|||||||||||||||||
22. | Other (Attach List) |
|||||||||||||||||
23. | Total Post Petition Liabilities |
|||||||||||||||||
PRE PETITION LIABILITIES | ||||||||||||||||||
24. | Secured Debt |
|||||||||||||||||
25. | Priority Debt |
|||||||||||||||||
26. | Unsecured Debt |
371,185 | 371,185 | 371,185 | 371,185 | |||||||||||||
27. | Other (Attach List) |
|||||||||||||||||
28. | Total Pre Petition Liabilities |
371,185 | 371,185 | 371,185 | 371,185 | |||||||||||||
29. | Total Liabilities |
371,185 | 371,185 | 371,185 | 371,185 | |||||||||||||
EQUITY | ||||||||||||||||||
30. | Pre Petition Owners Equity |
11,868,517 | 11,868,517 | 11,868,517 | ||||||||||||||
31. | Post Petition Cumulative Profit Or (Loss) |
868 | 1,485 | 2,123 | ||||||||||||||
32. | Direct Charges To Equity |
|||||||||||||||||
33. | Total Equity |
11,869,384 | 11,870,002 | 11,870,639 | ||||||||||||||
34. | Total Liabilities and Equity |
12,240,569 | 12,241,187 | 12,241,824 | ||||||||||||||
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ý does o does not have related footnotes on Footnotes Supplement.
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CASE NAME: Guaranty Group Ventures Inc. | SUPPLEMENT TO | |
CASE NUMBER: 09-35583 | ACCRUAL BASIS 1 |
(SEE GENERAL FOOTNOTE) | ||||||||||||||||||
SCHEDULED | MONTH | MONTH | MONTH | |||||||||||||||
COMPARATIVE BALANCE SHEET | AMOUNT | Oct-09 | Nov-09 | Dec-09 | ||||||||||||||
ASSETS | ||||||||||||||||||
A. | ||||||||||||||||||
B. | ||||||||||||||||||
C. | ||||||||||||||||||
D. | ||||||||||||||||||
E. | ||||||||||||||||||
TOTAL OTHER ASSETS LINE 8 | ||||||||||||||||||
A. | ||||||||||||||||||
B. | ||||||||||||||||||
C. | ||||||||||||||||||
D. | ||||||||||||||||||
E. | ||||||||||||||||||
TOTAL OTHER ASSETS NET OF AMORTIZATION LINE 14 | ||||||||||||||||||
A. | Intercompany GFG |
5,955,384 | 5,955,384 | 5,955,384 | 5,955,384 | |||||||||||||
B. | Trivest Funds (.6578% ownership) |
29,067 | 29,067 | 29,067 | 29,067 | |||||||||||||
C. | ||||||||||||||||||
D. | ||||||||||||||||||
E. | ||||||||||||||||||
TOTAL OTHER ASSETS LINE 15 | 5,984,451 | 5,984,451 | 5,984,451 | 5,984,451 | ||||||||||||||
POST PETITION LIABILITIES | ||||||||||||||||||
A. | ||||||||||||||||||
B. | ||||||||||||||||||
C. | ||||||||||||||||||
D. | ||||||||||||||||||
E. | ||||||||||||||||||
TOTAL OTHER POST PETITION LIABILITIES LINE 22 | ||||||||||||||||||
PRE PETITION LIABILITIES | ||||||||||||||||||
A. | ||||||||||||||||||
B. | ||||||||||||||||||
C. | ||||||||||||||||||
D. | ||||||||||||||||||
E. | ||||||||||||||||||
TOTAL OTHER PRE PETITION LIABILITIES LINE 27 | ||||||||||||||||||
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CASE NAME: Guaranty Group Ventures Inc. | ACCRUAL BASIS 2 | |
CASE NUMBER: 09-35583 |
(SEE GENERAL FOOTNOTE) | ||||||||||||||||
MONTH | MONTH | MONTH | QUARTER | |||||||||||||
INCOME STATEMENT | Oct-09 | Nov-09 | Dec-09 | TOTAL | ||||||||||||
REVENUES |
||||||||||||||||
1. Gross Revenues |
||||||||||||||||
2. Less: Returns & Discounts |
||||||||||||||||
3. Net Revenue |
||||||||||||||||
COST OF GOODS SOLD | ||||||||||||||||
4. Material |
||||||||||||||||
5. Direct Labor |
||||||||||||||||
6. Direct Overhead |
||||||||||||||||
7. Total Cost Of Goods Sold |
||||||||||||||||
8. Gross Profit |
||||||||||||||||
OPERATING EXPENSES | ||||||||||||||||
9. Officer / Insider Compensation |
||||||||||||||||
10. Selling & Marketing |
||||||||||||||||
11. General & Administrative |
||||||||||||||||
12. Rent & Lease |
||||||||||||||||
13. Other (Attach List) |
||||||||||||||||
14. Total Operating Expenses |
||||||||||||||||
15. Income Before Non-Operating
Income & Expense |
||||||||||||||||
OTHER INCOME & EXPENSES | ||||||||||||||||
16. Non-Operating Income (Att List) |
638 | 617 | 638 | 1,892 | ||||||||||||
17. Non-Operating Expense (Att List) |
||||||||||||||||
18. Interest Expense |
||||||||||||||||
19. Depreciation / Depletion |
||||||||||||||||
20. Amortization |
||||||||||||||||
21. Other (Attach List) |
||||||||||||||||
22. Net Other Income & Expenses |
638 | 617 | 638 | 1,892 | ||||||||||||
REORGANIZATION EXPENSES | ||||||||||||||||
23. Professional Fees |
||||||||||||||||
24. U.S. Trustee Fees |
325 | 325 | ||||||||||||||
25. Other (Attach List) |
||||||||||||||||
26. Total Reorganization Expenses |
325 | 325 | ||||||||||||||
27. Income Tax |
||||||||||||||||
28. Net Profit (Loss) |
313 | 617 | 638 | 1,567 | ||||||||||||
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o does ý does not have related footnotes on Footnotes Supplement.
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CASE NAME: Guaranty Group Ventures Inc. | SUPPLEMENT TO | |
CASE NUMBER: 09-35583 | ACCRUAL BASIS 2 |
MONTH | MONTH | MONTH | QUARTER | |||||||||||||
INCOME STATEMENT | Oct-09 | Nov-09 | Dec-09 | TOTAL | ||||||||||||
OPERATING EXPENSES |
||||||||||||||||
A. |
||||||||||||||||
B. |
||||||||||||||||
C. |
||||||||||||||||
D. |
||||||||||||||||
E. |
||||||||||||||||
F. |
||||||||||||||||
G. |
||||||||||||||||
H. |
||||||||||||||||
I. |
||||||||||||||||
J. |
||||||||||||||||
K. |
||||||||||||||||
TOTAL OTHER OPERATING EXPENSES LINE 13 |
OTHER INCOME & EXPENSES |
||||||||||||||||
A. Interest Income |
638 | 617 | 638 | 1,892 | ||||||||||||
B. |
||||||||||||||||
C. |
||||||||||||||||
D. |
||||||||||||||||
TOTAL NON-OPERATING INCOME LINE 16 |
638 | 617 | 638 | 1,892 | ||||||||||||
A. |
||||||||||||
B. |
||||||||||||
C. |
||||||||||||
D. |
||||||||||||
TOTAL NON-OPERATING EXPENSE LINE 17 |
REORGANIZATION EXPENSES |
||||||||||||
A. |
||||||||||||
B. |
||||||||||||
C. |
||||||||||||
D. |
||||||||||||
E. |
||||||||||||
TOTAL OTHER REORGANIZATION EXPENSES LINE 25 |
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CASE NAME: Guaranty Group Ventures Inc. | ACCRUAL BASIS 3 | |
CASE NUMBER: 09-35583 |
MONTH | MONTH | MONTH | QUARTER | |||||||||||||
CASH RECEIPTS AND DISBURSEMENTS | Oct-09 | Nov-09 | Dec-09 | TOTAL | ||||||||||||
1. Cash Beginning Of Month |
6,255,806 | 6,256,119 | 6,255,806 | |||||||||||||
RECEIPTS FROM OPERATIONS |
||||||||||||||||
2. Cash Sales |
||||||||||||||||
COLLECTION OF ACCOUNTS RECEIVABLE |
||||||||||||||||
3. Pre Petition |
||||||||||||||||
4. Post Petition |
||||||||||||||||
5. Total Operating Receipts |
||||||||||||||||
NON-OPERATING RECEIPTS |
||||||||||||||||
6. Loans & Advances (Attach List) |
||||||||||||||||
7. Sale of Assets |
||||||||||||||||
8. Other (Attach List) |
638 | 617 | 638 | 1,892 | ||||||||||||
9. Total Non-Operating Receipts |
638 | 617 | 638 | 1,892 | ||||||||||||
10. Total Receipts |
638 | 617 | 638 | 1,892 | ||||||||||||
11. Total Cash Available |
6,256,444 | 6,256,736 | 638 | 6,257,698 | ||||||||||||
OPERATING DISBURSEMENTS |
||||||||||||||||
12. Net Payroll |
||||||||||||||||
13. Payroll Taxes Paid |
||||||||||||||||
14. Sales, Use & Other Taxes Paid |
||||||||||||||||
15. Secured / Rental / Leases |
||||||||||||||||
16. Utilities |
||||||||||||||||
17. Insurance |
||||||||||||||||
18. Inventory Purchases |
||||||||||||||||
19. Vehicle Expenses |
||||||||||||||||
20. Travel |
||||||||||||||||
21. Entertainment |
||||||||||||||||
22. Repairs & Maintenance |
||||||||||||||||
23. Supplies |
||||||||||||||||
24. Advertising |
||||||||||||||||
25. Other (Attach List) |
||||||||||||||||
26. Total Operating Disbursements |
||||||||||||||||
REORGANIZATION DISBURSEMENTS |
||||||||||||||||
27. Professional Fees |
||||||||||||||||
28. U.S. Trustee Fees |
325 | 325 | ||||||||||||||
29. Other (Attach List) |
||||||||||||||||
30. Total Reorganization Expenses |
325 | 325 | ||||||||||||||
31. Total Disbursements |
325 | 325 | ||||||||||||||
32. Net Cash Flow |
313 | 617 | 638 | 1,567 | ||||||||||||
33. Cash End of Month |
6,256,119 | 6,256,736 | 638 | 6,257,373 |
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o does ý does not have related footnotes on Footnotes Supplement.
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CASE NAME: Guaranty Group Ventures Inc. | SUPPLEMENT TO | |
CASE NUMBER: 09-35583 | ACCRUAL BASIS 3 |
MONTH | MONTH | MONTH | QUARTER | |||||||||||||
CASH RECEIPTS AND DISBURSEMENTS | Oct-09 | Nov-09 | Dec-09 | TOTAL | ||||||||||||
NON-OPERATING RECEIPTS |
||||||||||||||||
A. |
||||||||||||||||
B. |
||||||||||||||||
C. |
||||||||||||||||
D. |
||||||||||||||||
E. |
||||||||||||||||
TOTAL LOANS
& ADVANCES LINE 6 |
||||||||||||||||
A. Interest |
638 | 617 | 638 | 1,892 | ||||||||||||
B. |
||||||||||||||||
C. |
||||||||||||||||
D. |
||||||||||||||||
E. |
||||||||||||||||
TOTAL OTHER NON-OPERATING RECEIPTS LINE 8 |
638 | 617 | 638 | 1,892 | ||||||||||||
OPERATING DISBURSEMENTS |
||||||||||||
A. |
||||||||||||
B. |
||||||||||||
C. |
||||||||||||
D. |
||||||||||||
E. |
||||||||||||
F. |
||||||||||||
G. |
||||||||||||
H. |
||||||||||||
TOTAL OTHER OPERATING DISBURSEMENTS LINE 25 |
REORGANIZATION DISBURSEMENTS |
||||||||||||
A. |
||||||||||||
B. |
||||||||||||
C. |
||||||||||||
D. |
||||||||||||
E. |
||||||||||||
TOTAL OTHER REORGANIZATION DISBURSEMENTS LINE 29 |
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CASE NAME: Guaranty Group Ventures Inc. | ACCRUAL BASIS 4 | |
CASE NUMBER: 09-35583 |
(SEE GENERAL FOOTNOTE) | ||||||||||||||||
SCHEDULED | MONTH | MONTH | MONTH | |||||||||||||
ACCOUNTS RECEIVABLE AGING | AMOUNT | Oct-09 | Nov-09 | Dec-09 | ||||||||||||
1. 0 - 30 |
||||||||||||||||
2. 31 - 60 |
||||||||||||||||
3. 61 - 90 |
||||||||||||||||
4. 91 + |
||||||||||||||||
5. Total Accounts Receivable |
||||||||||||||||
6. (Amount Considered Uncollectible) |
||||||||||||||||
7. Accounts Receivable (Net) |
AGING OF POST PETITION TAXES AND PAYABLES
MONTH: | December-09 | |||||||||||||||||||
0 - 30 | 31 - 60 | 61 - 90 | 91 + | |||||||||||||||||
TAXES PAYABLE | DAYS | DAYS | DAYS | DAYS | TOTAL | |||||||||||||||
1. Federal |
||||||||||||||||||||
2. State |
||||||||||||||||||||
3. Local |
||||||||||||||||||||
4. Other (Attach List) |
||||||||||||||||||||
5. Total Taxes Payable |
||||||||||||||||||||
6. Accounts Payable |
STATUS OF POST PETITION TAXES
MONTH: | December-09 | |||||||||||||||
BEGINNING TAX | AMOUNT WITHHELD | ENDING TAX | ||||||||||||||
FEDERAL | LIABILITY * | AND/OR ACCRUED | (AMOUNT PAID) | LIABILITY | ||||||||||||
1. Withholding ** |
||||||||||||||||
2. FICA - Employee ** |
||||||||||||||||
3. FICA - Employer ** |
||||||||||||||||
4. Unemployment |
||||||||||||||||
5. Other - Misc Adj |
||||||||||||||||
6. Other - Earned Income Credit |
||||||||||||||||
7. Total Federal Taxes |
| | | | ||||||||||||
STATE AND LOCAL |
||||||||||||||||
8. Withholding |
||||||||||||||||
9. Sales |
||||||||||||||||
10. Excise |
||||||||||||||||
11. Unemployment |
||||||||||||||||
12. Real Property |
||||||||||||||||
13. Personal Property |
||||||||||||||||
14. Other (Attach List) |
| |||||||||||||||
15. Total State And Local |
||||||||||||||||
16. Total Taxes |
| |||||||||||||||
* | The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. | |
** | Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment of deposit. |
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o does ý does not have related footnotes on Footnotes Supplement.
Case
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CASE NAME: Guaranty Group Ventures Inc. | ACCRUAL BASIS 5 | |
CASE NUMBER: 09-35583 |
The debtor in possession must complete the reconciliation below for each bank account,
including all general, payroll and tax accounts, as well as all savings and investment accounts,
money market accounts, certificates of deposit, government obligations, etc. Accounts with
restricted funds should be identified by placing an asterisk next to the account number. Attach
additional sheets if necessary.
MONTH: | December-09 | |||||||||||||||||||
Account # 1 | Account # 2 | Account # 3 | Other Accounts | TOTAL | ||||||||||||||||
BANK RECONCILIATIONS |
||||||||||||||||||||
A. BANK: |
Bank of America | (Attach List) | ||||||||||||||||||
B. ACCOUNT NUMBER: |
4429005323 | |||||||||||||||||||
C. PURPOSE (TYPE): |
Money Market | |||||||||||||||||||
1. Balance Per Bank Statement |
6,257,373 | 6,257,373 | ||||||||||||||||||
2. Add: Total Deposits Not Credited |
||||||||||||||||||||
3. Subtract: Outstanding Checks |
||||||||||||||||||||
4. Other Reconciling Items |
||||||||||||||||||||
5. Month End Balance Per Books |
6,257,373 | 6,257,373 | ||||||||||||||||||
6. Number of Last Check Written |
N/A |
DATE OF | PURCHASE | CURRENT | ||||||||||||||
INVESTMENT ACCOUNTS | PURCHASE | TYPE OF INSTRUMENT | PRICE | VALUE | ||||||||||||
BANK, ACCOUNT NAME & NUMBER |
||||||||||||||||
7. |
||||||||||||||||
8. |
||||||||||||||||
9. |
||||||||||||||||
10. (Attach List) |
||||||||||||||||
11. Total Investments |
||||||||||||||||
CASH |
||||||||||||||||
12. Currency On Hand |
||||||||||||||||
13. Total Cash End of Month |
6,257,373 |
This form
o does ý does not have related footnotes on Footnotes Supplement.
6,256,736
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CASE NAME: Guaranty Group Ventures Inc. | ACCRUAL BASIS 6 | |
CASE NUMBER: 09-35583 |
MONTH:
December-09
PAYMENTS TO INSIDERS AND PROFESSIONALS
Of the Total Disbursements shown for the month, list the amount paid to Insiders (as defined in
Section 101 (31) (A) (F) of the U.S. Bankruptcy Code) and to Professionals. Also, for payments
to Insiders, identify the type of compensation paid (e.g. salary, bonus, commissions, insurance,
housing allowance, travel, car allowance, etc.). Attach additional sheets if necessary.
INSIDERS
TYPE OF | TOTAL PAID | |||||||||||
NAME | PAYMENT | AMOUNT PAID | TO DATE | |||||||||
1. |
||||||||||||
2. |
||||||||||||
3. |
||||||||||||
4. |
||||||||||||
5. |
||||||||||||
6. |
||||||||||||
7. |
||||||||||||
8. (Attach List) |
||||||||||||
9. Total Payments To Insiders |
PROFESSIONALS
DATE OF COURT | ||||||||||||||||||||
ORDER | TOTAL | |||||||||||||||||||
AUTHORIZING | AMOUNT | AMOUNT | TOTAL PAID | INCURRED | ||||||||||||||||
NAME | PAYMENT | APPROVED | PAID | TO DATE | & UNPAID * | |||||||||||||||
1. |
||||||||||||||||||||
2. |
||||||||||||||||||||
3. |
||||||||||||||||||||
4. |
||||||||||||||||||||
5. (Attach List) |
||||||||||||||||||||
6. Total Payments To Professionals |
* | Include all fees incurred, both approved and unapproved |
POST PETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS
SCHEDULED | AMOUNTS | |||||||||||
MONTHLY | PAID | TOTAL | ||||||||||
PAYMENTS | DURING | UNPAID POST | ||||||||||
NAME OF CREDITOR | DUE | MONTH | PETITION | |||||||||
1. |
$ | | ||||||||||
2. |
||||||||||||
3. |
||||||||||||
5. (Attach List) |
||||||||||||
6. TOTAL |
$ | | $ | | ||||||||
This form
o does
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CASE NAME: Guaranty Group Ventures Inc. | ACCRUAL BASIS 7 | |
CASE NUMBER: 09-35583 |
MONTH:
December-09
QUESTIONNAIRE
YES | NO | |||||||
1. Have any Assets been sold or transferred outside the normal course of business this reporting period? |
X | |||||||
2. Have any funds been disbursed from any account other than a debtor in possession account? |
X | |||||||
3. Are any Post Petition Receivables (accounts, notes, or loans) due from related parties? |
X | |||||||
4. Have any payments been made on Pre Petition Liabilities this reporting period? |
X | |||||||
5. Have any Post Petition Loans been received by the debtor from any party? |
X | |||||||
6. Are any Post Petition Payroll Taxes past due? |
X | |||||||
7. Are any Post Petition State or Federal Income Taxes past due? |
X | |||||||
8. Are any Post Petition Real Estate Taxes past due? |
X | |||||||
9. Are any other Post Petition Taxes past due? |
X | |||||||
10. Are any amounts owed to Post Petition creditors delinquent? |
X | |||||||
11. Have any Pre Petition Taxes been paid during the reporting period? |
X | |||||||
12. Are any wage payments past due? |
X |
If the answer to any of the above questions is Yes, provide a detailed explanation of each
item. Attach additional sheets if necessary.
INSURANCE
YES | NO | |||||||
1. Are Workers Compensation, General Liability and
other necessary insurance coverages in effect? |
X | |||||||
2. Are all premium payments paid current? |
X | |||||||
3. Please itemize policies below. |
If the answer to any of the above questions is No, or if any policies have been canceled or not renewed during this reporting period, provide an explanation below. Attach
additional sheets if necessary.
INSTALLMENT PAYMENTS
PAYMENT | ||||||||||||
AMOUNT & | ||||||||||||
TYPE OF POLICY | CARRIER | PERIOD COVERED | FREQUENCY | |||||||||
General Liability |
Indian Harbor | 07/01/09 - 07/01/10 | Paid in Full | |||||||||
General Liability-Mortgagee in
Possession |
Lexington | 10/27/08 - 10/27/11 | Paid in Full |
This
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CASE NAME: Guaranty Group Ventures Inc. | FOOTNOTES | |
CASE NUMBER: 09-35583 | ACCRUAL BASIS |
MONTH:
September-09
ACCRUAL BASIS | LINE | |||||
FORM NUMBER | NUMBER | FOOTNOTE / EXPLANATION | ||||
General | The Office of Thrift Supervision appointed the FDIC as receiver for Guaranty Bank, an indirect subsidiary of Guaranty Financial Group Inc. on August 21, 2009. The Debtor subsequently filed its petition with the U.S. Bankruptcy Court on August 27, 2009. |
|||||
Accrual 1 | 1 | Pursuant to the Order Implementing the Requirements of Section 345(B) of the Bankruptcy Code and the Region VI, Northern District of Texas, Guidelines for Chapter 11 Debtors-In-Possession filed on September 3, 2009, the Debtors transferred cash to its
debtor-in-possession bank accounts. |