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Tuesday, September 18, 2007 Paul M. Singer, Esquire, L.L.M. Joel M. Helmrich, Esquire, MBA Mark M. Gleason, CPA, MBA Salene M. Kraemer, Esquire, MBA, CTP-D Marriott City Center 112 Washington Place Pittsburgh, PA    
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Approximate amount of proofs of claims filed against Debtors’ Estates: Administrative:  $2.4 million  Secured: $286 million  Priority:  $23 million  General Unsecured: $508 million  TOTAL:  Over $800 million
 
           Unclassified: Administrative Claims (paid in full in cash)                Unclassified: Priority Tax Claims (paid in full in cash or in equal annual installments over 5 years)                Unclassified : Fee Claims (paid in full) (estimated at $14.7 million)               Class 1 : Lender’s Secured Claims (Tier 1- Trust Beneficial Interests in a % ratable to other holders of Class 1 Claims)               Class 2 : Other Secured Claims (payment in cash from proceeds of sale of collateral to the extent of the lien or surrender of collateral)               Class 3: Priority Non-Tax Claims (paid in full in cash)               Class 4A: Lender’s Unsecured Claims,  Class 4B : General Unsecured Claims, and  Class 4C : Unsecured Senior Subordinated Notes Claims  ( Tier 2- Trust Beneficial Interests in % ratable to other holders of Class 4A, 4B and 4C Claims)              Class 5: Subordinated Litigation Claims   (Tier 3- Trust Beneficial Interests in % ratable to other holders of Class 5 Claims)             Class 6: Interests  ( Tier 4- Trust Beneficial Interests in % ratable to other holders of Class 6 Claims)  
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What is the status of the case now?
 

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The Liquidating Chapter 11 Power Point (10.16.09)

  • 1. Tuesday, September 18, 2007 Paul M. Singer, Esquire, L.L.M. Joel M. Helmrich, Esquire, MBA Mark M. Gleason, CPA, MBA Salene M. Kraemer, Esquire, MBA, CTP-D Marriott City Center 112 Washington Place Pittsburgh, PA  
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.  
  • 8.
  • 9.  
  • 10.  
  • 11.  
  • 12.  
  • 13. Approximate amount of proofs of claims filed against Debtors’ Estates: Administrative: $2.4 million Secured: $286 million Priority: $23 million General Unsecured: $508 million TOTAL: Over $800 million
  • 14.  
  • 15.           Unclassified: Administrative Claims (paid in full in cash)              Unclassified: Priority Tax Claims (paid in full in cash or in equal annual installments over 5 years)              Unclassified : Fee Claims (paid in full) (estimated at $14.7 million)              Class 1 : Lender’s Secured Claims (Tier 1- Trust Beneficial Interests in a % ratable to other holders of Class 1 Claims)              Class 2 : Other Secured Claims (payment in cash from proceeds of sale of collateral to the extent of the lien or surrender of collateral)              Class 3: Priority Non-Tax Claims (paid in full in cash)              Class 4A: Lender’s Unsecured Claims, Class 4B : General Unsecured Claims, and Class 4C : Unsecured Senior Subordinated Notes Claims ( Tier 2- Trust Beneficial Interests in % ratable to other holders of Class 4A, 4B and 4C Claims)             Class 5: Subordinated Litigation Claims (Tier 3- Trust Beneficial Interests in % ratable to other holders of Class 5 Claims)            Class 6: Interests ( Tier 4- Trust Beneficial Interests in % ratable to other holders of Class 6 Claims)  
  • 16.
  • 17.  
  • 18.  
  • 19.  
  • 20.  
  • 21.  
  • 22.  
  • 23.  
  • 24.  
  • 25.
  • 26.  
  • 27. What is the status of the case now?
  • 28.