doc 493 cshm july operating report 08152012

7/31/2019 Doc 493 CSHM July Operating Report 08152012

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UNITED STATES BANKRUPTCY COURT

MIDDLE DISTRICT OF TENNESSEE

In re: ) Case No.: 12-01573

CS DIP, LLC, et al. ) Jointly Administered

)

) Judge: Keith M Lundin

)

) Chapter 11

Debtors )

MONTHLY OPERATING REPORT FOR MONTH ENDING JULY 31, 2012.

CS DIP, LLC, et al., Debtor-In-Possession, submits its Monthly Operating Report for the

period commencing July 1, 2012 and ending July 31, 2012 as shown by the report and

exhibits consisting of 12 pages and containing the following, as indicated:

X Monthly Reporting Questionnaire

X Comparative Balance Sheets

Summary of Accounts Receivable

X Schedule of Postpetition Liabilities

X Statement of Income (Loss)

I declare under penalty of perjury that this report and all attachments are true and

correct to the best of my knowledge and belief.

Date: August 15, 2012 DEBTOR-IN-POSSESSION

By: /s/ Bradley B. Williams

(name of signer)

Title: Chief Manager, President

Address: 618 Church Street, Suite 520

Nashville, Tennessee, 37219

Telephone Number: (615)750-0300


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Case Name CS DIP, LLC, et al.Case Number 12-01573; Jointly Administered

Month of July 1 - 31, 2012

(Amounts in Dollars)

Debtors Bank Accounts *

Bank Pinnacle Bank Pinnacle Bank Pinnacle Bank Pinnacle Bank Pinnacle BankAccount Number 5274XXX 5270XXX 5269XXX 5274XXX 5274XXXAccount Type Checking / Operating Checking/Payroll Checking / Operating Checking / Payroll Checking / Operating

Account Name FNY DIP, LLC EE DIP, Inc. CS DIP, LLC CS DIP, LLC CS DIP, LLC

Beginning Bank Balance 76.51 495,607.79 2,128,208.63 15,457.64 4,308.00

Plus: Deposits - 26.49 74.40 - -

Less: Disbursements - (25,905.29) (1,147,144.46) (191.54) (594.00)

Other - - - - -

Ending Bank Balance 76.51 469,728.99 981,138.57 15,266.10 3,714.00

* Closed bank accounts have been omitted

Case 3:12-bk-01573 Doc 493 Filed 08/15/12 Entered 08/15/12 15:50:34 Desc MainDocument Page 2 of 13


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Case Name CS DIP, LLC, et al. Wind-Down Escrow AccountCase Number 12-01573; Jointly AdministeredMonth of July 1 - 31, 2012Bank Name Pinnacle Bank

Bank Account 5270XXX


Debtors Bank Activity

Date Check # Activity Description Receipts Disbursements

07/11/2012 PINNACLE ANALYSIS Bank Fees (35.58)07/11/2012 PINNACLE ANALYSIS Bank Fees (68.83)

07/16/2012 10000 Check Professional Fees (1,710.40)07/23/2012 1512B*0309547184 REVERSAL Payroll Taxes 13.50

07/23/2012 1512B*745851235 MAN DEBIT Payroll Taxes (11.23)07/26/2012 1512B*0689881195 REVERSAL Payroll Taxes 12.9907/30/2012 1512B*1402509510 NET=PAY Payroll - Officer (3,306.85)

07/30/2012 1512B*0003483213 TAX Payroll Taxes (375.65)

07/30/2012 1512B*0760914565 BILLING Payroll Processor Fees (765.00)07/31/2012 10001 Check Professional Fees (19,631.75)

Total 26.49 (25,905.29)


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Case Name CS DIP, LLC, et al. Professional Fees, 503(b)(9) and Taxes Escrow AccountCase Number 12-01573; Jointly AdministeredMonth of July 1 - 31, 2012Bank Name Pinnacle BankBank Account 5269XXX




07/02/2012 03813 Check 503(b)(9) Administrative Priority Claims (12,917.50)07/02/2012 10253 Check Professional Fees (223,650.75)07/03/2012 03818 Check 503(b)(9) Administrative Priority Claims (6,030.65)07/03/2012 03819 Check 503(b)(9) Administrative Priority Claims (12,722.26)07/05/2012 03822 Check 503(b)(9) Administrative Priority Claims (5,296.36)

07/06/2012 03821 Check 503(b)(9) Administrative Priority Claims (1,100.94)07/09/2012 10255 Check Professional Fees (13,984.12)07/09/2012 10256 Check Professional Fees (72,357.96)07/10/2012 10254 Check Professional Fees (14,261.06)07/16/2012 Deposit Professional Fees - Reimbursement 74.4007/16/2012 03823 Check 503(b)(9) Administrative Priority Claims (18,202.36)07/16/2012 10260 Check Professional Fees (21,210.21)07/16/2012 10261 Check Professional Fees (18,161.95)07/18/2012 03817 Check 503(b)(9) Administrative Priority Claims (225.93)07/19/2012 10257 Check Professional Fees (91,333.36)07/19/2012 10258 Check Professional Fees (400,000.00)07/19/2012 10259 Check Professional Fees (7,664.44)07/26/2012 10262 Check Professional Fees (197,585.93)07/27/2012 10181 Check AP Disbursements (1,666.67)07/31/2012 03810 Check 503(b)(9) Administrative Priority Claims (972.01)07/31/2012 10263 Check Professional Fees - US Trustee (20,000.00)07/31/2012 10264 Check Professional Fees - US Trustee (650.00)07/31/2012 10265 Check Professional Fees - US Trustee (6,500.00)07/31/2012 10266 Check Professional Fees - US Trustee (325.00)07/31/2012 10267 Check Professional Fees - US Trustee (325.00)

Total 74.40 (1,147,144.46)


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Case Name CS DIP, LLC, et al.Case Number 12-01573; Jointly AdministeredMonth of July 1 - 31, 2012Bank Name Pinnacle Bank





07/02/2012 110581 Check Payroll Check - Non-Debtors (19.47)07/02/2012 240563 Check Payroll Check - Non-Debtors (15.23)07/11/2012 20277 Check Payroll Check - Non-Debtors (47.17)07/26/2012 540277 Check Payroll Check - Non-Debtors (22.23)07/31/2012 IRS USATAXPYMT 270261335747254 Payroll Taxes - Non-Debtors (87.44)

Total - (191.54)


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Case Name CS DIP, LLC, et al.Case Number 12-01573; Jointly AdministeredMonth of July 1 - 31, 2012Bank Name Pinnacle Bank





07/02/2012 1409 Check AP Disbursements - Non-Debtors (34.00)07/02/2012 1422 Check AP Disbursements - Non-Debtors (200.00)07/09/2012 1421 Check AP Disbursements - Non-Debtors (200.00)07/23/2012 1411 Check AP Disbursements - Non-Debtors (120.00)07/24/2012 1402 Check AP Disbursements - Non-Debtors (40.00)

Total - (594.00)


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Case Name CS DIP, LLC, et al .Case Number 12-01573; Jointly AdministeredMonth of July 1 - 31, 2012


Debtors AP Disbursements

Date Check # Paid to Category Amount Debtor07/05/12 10254 Foley Hoag LLP Debtor Professional 14,261.06 CS DIP, LLC07/05/12 10255 King & Spalding LLP Debtor Professional 13,984.12 CS DIP, LLC07/06/12 10256 Waller Lansden Dortch & Davis PLLC Debtor Professional 72,357.96 CS DIP, LLC07/12/12 03823 Lellyett & Rogers Company 503(b)(9) Claim 18,202.36 CS DIP, LLC07/12/12 10257 Foley Hoag LLP Debtor Professional 91,333.36 CS DIP, LLC07/12/12 10258 Gibson Dunn & Crutcher LLP Lender Professional 400,000.00 CS DIP, LLC07/12/12 10259 Imperial Capital, LLC Debtor Professional 7,664.44 CS DIP, LLC

07/12/12 10260 King & Spalding LLP Debtor Professional 21,210.21 CS DIP, LLC07/12/12 10261 Walker,Tipps & Malone PLC Debtor Professional 18,161.95 CS DIP, LLC07/19/12 10262 The Garden City Group, Inc. Debtor Professional 197,585.93 CS DIP, LLC

07/26/12 03824 Staples Business Advantage 503(b)(9) Claim 42,487.78 CS DIP, LLC

07/26/12 10263 US Trustee Other Professional 20,000.00 CS DIP, LLC

07/26/12 10264 US Trustee Other Professional 650.00 CS DIP, LLC

07/26/12 10265 US Trustee Other Professional 6,500.00 CS DIP, LLC

07/26/12 10266 US Trustee Other Professional 325.00 CS DIP, LLC

07/26/12 10267 US Trustee Other Professional 325.00 CS DIP, LLC925,049.17

07/12/12 10000 Walker,Tipps & Malone PLC Debtor Professional 1,710.40 EE DIP, INC.07/26/12 10001 Waller Lansden Dortch & Davis PLLC Debtor Professional 19,631.75 EE DIP, INC.

21,342.15


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Case Name CS DIP, LLC, et al.

Case Number 12-01573; Jointly Administered

As of July 31, 2012


Post-Petition AP Aging (excludes accrued AP) Total Current Over 30 Days Over 60 Days Over 90 Days Over 120 Days

CS DIP, LLC 299,557.56 - 204,440.34 86,004.72 112.50 9,000.00FNY DIP, LLC 158.11 - 158.11 - - -



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Case Name CS DIP, LLC, et al. Wind-Down EscrowCase Number 12-01573; Jointly AdministeredMonth of July 1 - 31, 2012


Escrow Disbursements Escrow

at 5/31/2012 June July Total Balance

Officer 30,600 4,392 4,432 8,824 21,776UCC Professionals 75,000 - - - 75,000Foley Hoag & Walker Tipps (Special Counsel) 175,000 - 1,710 1,710 173,290Debtors Counsel 125,000 - 19,632 19,632 105,368Noticing Agent 65,000 - - - 65,000UST Fees 15,000 - - - 15,000

Bank Fees 1,000 - 104 104 896Financial Advisor (testimony, advisory, etc) 10,000 - - - 10,000Other 3,400 - - - 3,400

TOTAL 500,000 4,392 25,879 30,271 469,729


doc 493 cshm july operating report 08152012

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