Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - DNIB UNWIND, INC. | d267805d8k.htm |
Exhibit 99.1
Case 16-11084-BLS Doc 583 Filed 02/03/17 Page 1 of 3
OFFICE OF THE UNITED STATES TRUSTEE - REGION 3
POST-CONFIRMATION QUARTERLY SUMMARY REPORT
This Report is to be submitted for all bank accounts that are presently maintained by the post confirmation debtor.
| Debtor’s Name: | DNIB Unwind, Inc. and DNIB Subsidiary |
Bank: | NY Signature Bank | |||||
| Corporation (DNIB Liquidation Trust) |
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| Bankruptcy Number: | 16-11084 (BLS) |
Account Number: |
xx-xxxx44506 & xx-xxxx44492 | |||||
| & xx-xxxx44514 | ||||||||
| Date of Confirmation: | September 26, 2016 |
Account Type: | Checking/Money Market | |||||
| Reporting Period (month/year): |
Dec-16 | |||
| Beginning Cash Balance: |
0 | |||||
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| All receipts received by the debtor: |
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| Transfer from Debtor’s Previous Accounts |
$ | 21,405,484 | ||||
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| Cash Sales: |
$ | 0 | ||||
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| Collection of Accounts Receivable: |
$ | 4,612,438 | ||||
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| Refunds |
$ | 161,070 | ||||
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| Reimbursements (Cobra) |
$ | 7,491 | ||||
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| Sale of Debtor’s Assets: |
(Pfizer sale holdback) |
$ | 1,975,000 | |||
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| Rent |
(Reimbursement of 9-2016 rent) |
$ | 332,078 | |||
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| Interest |
$ | 2,292 | ||||
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| Total of cash received: |
$ | 28,495,853 | ||||
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| Total of cash available: |
$ | 28,495,853 | ||||
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| Less all disbursements or payments (including payments made under the confirmed plan) made by the Debtor: |
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| Disbursements made under the plan, excluding the administrative claims of bankruptcy professionals: |
$ | 9,879,171 | ||||
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| Disbursements made pursuant to the administrative claims of bankruptcy professionals: |
$ | 296,454 | ||||
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| All other disbursements made in the ordinary course: |
$ | 140,880 | ||||
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| Total Disbursements |
$ | 10,316,504 | ||||
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| Ending Cash Balance |
$ | 18,179,349 | ||||
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Pursuant to 28 U.S.C. Section 1746(2), l hereby declare under penalty of perjury that the foregoing is true and correct to the best of my knowledge and belief.
| 2/3/17 |
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| Date | Name/Title | |||||
| Debtor: | DNIB Unwind, Inc. and DNIB Subsidiary Corporation (DNIB Liquidation Trust) | |||||
| Case Number: | 16-11084 (BLS) |
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Case 16-11084-BLS Doc 583 Filed 02/03/17 Page 2 of 3
OFFICE OF THE UNITED STATES TRUSTEE - REGION 3
POST CONFIRMATION QUARTERLY SUMMARY REPORT
DNIB Unwind, Inc. and DNIB Subsidiary Corporation
(DNIB Liquidation Trust)
RECEIPTS AND DISBURSEMENTS
| As of 12/31/16 | ||||
| RECEIPTS |
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| Cobra Reimbursement |
7,491.19 | |||
| Refunds |
161,070.37 | |||
| Sale of Assets |
1,975,000.00 | |||
| Transfer From Debtor |
26,350,000.00 | |||
| Interest |
2,291.51 | |||
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| TOTAL RECEIPTS |
28,495,853.07 | |||
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| DISBURSEMENTS |
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| Administrative |
2,469.19 | |||
| Claims Agent |
37,620.56 | |||
| Creditor Distribution |
1,909,278.35 | |||
| Expense Reimbursement |
30,033.16 | |||
| Insurance |
25,747.21 | |||
| Outside Services |
26,462.50 | |||
| Professional Expenses |
566.96 | |||
| Professional Fees |
295,886.56 | |||
| Shareholder Distributions |
7,969,892.32 | |||
| Shareholder Services |
13,095.50 | |||
| Storage |
150.00 | |||
| Suspense, |
431.46 | |||
| Telephone |
991.00 | |||
| Waste Pick Up |
3,880.00 | |||
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| TOTAL DISBURSEMENTS |
10,316,504.77 | |||
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| ENDING CASH BALANCE |
18,179,348.30 | |||
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| * | Pursuant to Section 13.1 of the Liquidation Trust Agreement, by and among DNIB Unwind, Inc., DNIB Subsidiary Corporation and Geoffrey L. Berman, solely in his capacity as trustee of the DNIB Liquidation Trust, the DNIB Liquidation Trust submits this Receipts and Disbursements as part of its required annual report. |
Case 16-11084-BLS Doc 583 Filed 02/03/17 Page 3 of 3
OFFICE OF THE UNITED STATES TRUSTEE - REGION 3
POST CONFIRMATION QUARTERLY SUMMARY REPORT
DNIB Unwind, Inc. and DNIB Subsidiary Corporation
(DNIB Liquidation Trust)
As of 12/361/2016
| *BALANCE SHEET | ||||
| ASSETS |
||||
| Cash (Unrestricted) |
17,353,071 | |||
| Cash (Restricted) |
826,278 | |||
| Accounts Receivable (Net) |
0 | |||
| Inventory |
0 | |||
| Notes Receivable |
0 | |||
| Prepaid Expenses |
0 | |||
| Professional Retainers |
0 | |||
| Accrued Interest Receivable |
0 | |||
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| Total Current Assets |
18,179,349 | |||
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| Property, Plant & Equipment |
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| Real Property & Improvements |
0 | |||
| Machinery & Equipment |
0 | |||
| Furniture, fixtures & Office Equipment |
0 | |||
| Vehicles |
0 | |||
| Leasehold Improvements |
0 | |||
| Less: Accumulated Depreciation/Depletion |
0 | |||
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| Total Property, Plant & Equipment |
0 | |||
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| Due from Affiliates & Insiders |
0 | |||
| Other Assets |
0 | |||
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| Total Assets |
18,179,350 | |||
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| LIABILITIES |
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| Accounts Payable |
0 | |||
| Taxes Payable |
0 | |||
| Notes Payable |
0 | |||
| Professional Fees |
0 | |||
| Secured Debt |
0 | |||
| Due to Affiliates & Insiders |
0 | |||
| Other |
0 | |||
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| Total Post petition Liabilities |
0 | |||
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| Liabilities Subject to Compromise (Pre-petition Liabilities) |
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| Secured Debt - Per Plan |
0 | |||
| Priority Debt - Per Plan |
0 | |||
| Unsecured Debt - Per Plan |
0 | |||
| Other - Per Plan |
21,826,278 | |||
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| Total Pre-petition Liabilities |
0 | |||
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| Total Liabilities |
21,826,278 | |||
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| Equity |
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| Common Stock |
0 | |||
| Retained Earnings (Deficit) |
0 | |||
| Direct Charges to Equity |
-3,646,929 | |||
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| Total Liabilities & Owners’ Equity |
18,179,349 | |||
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| * | Pursuant to Section 13.1 of the Liquidation Trust Agreement, by and among DNIB Unwind, Inc., DNIB Subsidiary Corporation and Geoffrey L. Berman, solely in his capacity as trustee of the DNIB Liquidation Trust, the DNIB Liquidation Trust submits this Balance Sheet as part of its required annual report. |