8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): November 22, 2016 (November 18, 2016)

KEY ENERGY SERVICES, INC.

(Exact name of registrant as specified in its charter)

Maryland	001-08038	04-2648081
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1301 McKinney Street, Suite 1800

Houston, Texas 77010

(Address of principal executive offices and Zip Code)

713-651-4300

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Information.

As previously disclosed, on October 24, 2016, Key Energy Services, Inc. (“Key” or the “Company”) and certain of its domestic subsidiaries (collectively, the “Filing Subsidiaries” and, together with the Company, the “Debtors”) filed voluntary petitions for reorganization under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), pursuant to the terms of a plan support agreement, dated August 24, 2016, by and among the Debtors and certain of their lenders and noteholders, that contemplates the reorganization of the Debtors pursuant to a prepackaged plan of reorganization (the “Plan”). The Debtors have obtained joint administration of their chapter 11 cases under the caption In re: Key Energy Services, Inc, et al., Case No. 16-12306. The subsidiary Debtors in these chapter 11 cases are Misr Key Energy Investments, LLC, Key Energy Services, LLC, and Misr Key Energy Services, LLC.

On November 18, 2016, the Debtors filed their monthly operating report for the period of October 1, 2016 through October 31, 2016 (the “Monthly Operating Report”) with the Bankruptcy Court. The Monthly Operating Report is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Cautionary Note Regarding the Monthly Operating Report

The Company cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Report which was not prepared for the purpose of providing the basis for an investment decision relating to any of the securities of the Company. The Monthly Operating Report is limited in scope, covers limited time periods, and has been prepared solely for the purpose of complying with the monthly reporting requirements of the Bankruptcy Court. The Monthly Operating Report was not audited or reviewed by independent accountants, was not prepared in accordance with U.S. generally accepted accounting principles, is in a format prescribed by applicable bankruptcy laws, and is subject to future adjustment and reconciliation. There can be no assurance that, from the perspective of an investor or potential investor in the Company’s securities, the Monthly Operating Report is complete. The Monthly Operating Report also contains information for a period which is shorter and otherwise different from those required in the Company’s periodic reports pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and such information might not be indicative of the Company’s financial condition or operating results for a period that would be reflected in the Company’s financial statements or in its reports pursuant to the Exchange Act. Information set forth in the Monthly Operating Report should not be viewed as indicative of future results.

Cautionary Note Regarding Forward-Looking Statements

This Current Report on Form 8-K and the exhibits hereto contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature or that relate to future events and conditions are, or may be deemed to be, forward-looking statements. These statements are only predictions and are subject to substantial risks and uncertainties and are not guarantees of performance. Future actions, events and conditions and future results of operations may differ materially from those expressed in these statements.

Important factors that may affect Key’s expectations, estimates or projections include, but are not limited to, the following: risks associated with Key’s reorganization; the ability of Key to obtain confirmation of the Plan from the Bankruptcy Court and/or meet all of the conditions precedent therein necessary to effectuate the Plan; conditions in the oil and natural gas industry, especially oil and natural gas prices and capital expenditures by oil and natural gas companies; volatility in oil and natural gas prices; and other

factors affecting Key’s business described in “Item 1A. Risk Factors” in its Annual Report on Form 10-K for the year ended December 31, 2015 and its other filings with the SEC and in Article XI of the Disclosure Statement.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Monthly Operating Report for the period of October 1, 2016 through October 31, 2016, as filed with the United States Bankruptcy Court for the District of Delaware on November 18, 2016.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	KEY ENERGY SERVICES, INC.
Date: November 22, 2016	By:	/s/ Katherine I. Hargis
		Katherine I. Hargis
		Vice President, Chief Legal Officer and Secretary

Exhibit Index

Exhibit No.	Description
99.1	Monthly Operating Report for the period of October 1, 2016 through October 31, 2016, as filed with the United States Bankruptcy Court for the District of Delaware on November 18, 2016.

EX-99.1

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re: Key Energy Services, Inc., et al.1	Case No. 16-12306 (BLS)
Debtors	Jointly Administered

MONTHLY OPERATING REPORT

October 2016

			Document	Explanation	Debtor
REQUIRED DOCUMENTS	Form No.		Attached	Attached	Statement
Schedule of Operating Cash Flow		MOR-1	X
Bank Reconciliation (or copies of Debtor’s bank reconciliations)		MOR-1a			X
Schedule of Professional Fees and Expenses Paid		MOR-1b	X
Copies of Bank Statements and Cash Disbursements Journal
Statement of Operations		MOR-2	X
Balance Sheets		MOR-3	X
Status of Post Petition Taxes					X
Summary of Unpaid Post Petition Accounts Payable		MOR-4	X
Trade Accounts Receivable and Aging		MOR-5	X
Debtor Questionnaire		MOR-6	X

I declare under penalty of perjury (28 U.S.C. Section 1746) that the information contained in this monthly operating report (including attached schedules) is true and correct to the best of my knowledge, information and belief.

/s/ J. Marshall Dodson	11/18/16
Signature of Debtors	Date
J. Marshall Dodson
Chief Financial Officer, Senior Vice President and Treasurer
Key Energy Services, Inc.

Notes:

¹ The Debtors in these chapter 11 cases, together with the last four digits of each Debtor’s federal tax identification number, are as follows: Misr Key Energy Investments, LLC (4528), Key Energy Services, Inc. (8081), Key Energy Services, LLC (5567), and Misr Key Energy Services, LLC (7527). The mailing address for each Debtor is 1301 McKinney Street, Suite 1800, Houston, Texas 77010.

The information contained herein is provided to fulfill the requirements of the Office of the United States Trustee. The financial statements provided here do not include consolidated results for Key Energy Services, Inc. (the “Company”) as the Company has several non-debtor subsidiaries. All information contained herein is unaudited and subject to future adjustment. The Company maintains its books and records on a business unit reporting level and those units do not in all cases correspond to legal entities. Certain assumptions have been made as noted herein. In addition, the Company maintains certain liabilities on its balance sheet (such as benefits and tax-related liabilities) that may relate to one or more of the Company’s subsidiaries and no conclusion as to the legal obligation is made by the presentation herein.

UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re: Key Energy Services, Inc., et al.	Case No. 16-12306 (BLS)
Debtors	Jointly Administered

General Notes

Debtor-in-Possession Financial Statements - The financial statements and supplemental information contained herein are unaudited, preliminary, and may not comply with generally accepted accounting principles in the United States of America (“U.S. GAAP”) in all material respects. In addition, the financial statements and supplemental information contained herein represent the financial information for the Debtors only. The Company’s non-Debtor entities are not included in the financial statements or the supplemental information contained herein.

Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 852 (“ASC 852”) addresses accounting and financial statement disclosure for entities that have filed petitions with the bankruptcy court and expect to reorganize as going concerns under chapter 11 of the bankruptcy code. ASC 852 generally does not change the manner in which financial statements are prepared. It does require, however, that the financial statements for periods subsequent to the filing of the chapter 11 petition distinguish transactions and events that are directly associated with the reorganization from the ongoing operations of business.

The Debtors’ financial statements contained herein have been prepared in accordance with the guidance in ASC 852. The unaudited financial statements have been derived from the books and records of the Debtors. This information, however, has not been subject to procedures that would typically be applied to financial information presented in accordance with U.S. GAAP, and upon the application of such procedures, the Debtors believe that the financial information could be subject to changes, and these changes could be material. The information furnished in this report includes primarily normal recurring adjustments, but does not include all of the adjustments that would typically be made in accordance with U.S. GAAP.

The results of operations contained herein are not necessarily indicative of results that are expected from any other period or for the full year and may not necessarily reflect the combined results of operations, financial position and cash flows of the Debtors in the future.

Liabilities Subject to Compromise - As a result of the chapter 11 filing, the payment of pre-petition indebtedness is subject to compromise or other treatment under a plan of reorganization. The determination of how liabilities will ultimately be settled and treated cannot be made until the bankruptcy court approves a chapter 11 plan of reorganization. Accordingly, the ultimate amount of such liabilities is not determinable at this time. ASC 852 requires pre-petition liabilities that are subject to compromise to be reported at the amounts expected to be allowed, even if they may be settled for lesser amounts. The amounts currently classified as liabilities subject to compromise are preliminary and may be subject to future adjustments depending on bankruptcy court actions, further developments with respect to disputed claims, determinations of the secured status of certain claims, the values of any collateral securing such claims, rejection of executory contracts, continued reconciliation and other events.

UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re: Key Energy Services, Inc., et al.	Case No. 16-12306 (BLS)
Debtors	Jointly Administered

MOR-1

Schedule of Cash Receipts and Disbursements

For the Period Petition Date (“October 24, 2016”) through October 31, 2016

(In thousands of dollars)

(Unaudited)

	Petition to Date Period Ended October 31, 2016
Beginning Cash Balance1	$	29,813
Cash Receipts:
Collections	$	8,584
Interdebtor Receipts		9,900
Other Receipts		1
Total Receipts	$	18,485
Cash Disbursements:1
Operating Disbursements	$	5,264
Professional Fees		—
Debt Service		1,640
Interdebtor Disbursements		9,900
Total Disbursements	$	16,805
Net Cash Flow	$	1,680
Ending Available Cash Balance2	$	31,493
Disbursements for Calculating U.S. Trustee Fees
Key Energy Services, Inc. (16-12306)	$	8,105
Key Energy Services, LLC (16-12307)		8,700
Misr Key Energy Investments, LLC (16-12305)		—
Misr Key Energy Services, LLC (16-12308)		—
Total Disbursements for Calculating U.S. Trustee Fees	$	16,805

Notes:

¹  This schedule includes book cash balances and disbursements.

²  Consists of domestic, unrestricted cash; does not reflect non-debtor cash balances or ABL availability.

UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re: Key Energy Services, Inc., et al.	Case No. 16-12306 (BLS)
Debtors	Jointly Administered

MOR-1a

Statement with respect to Bank Account Reconciliations, Bank Statements

and Cash Disbursements Journal

For the Period Petition Date through October 31, 2016

(In thousands of dollars)

(Unaudited)

Bank Account Reconciliations & Cash Disbursement Journals

The Debtors affirm that bank reconciliations are prepared for all of their open and active bank accounts on a monthly basis. The Debtors affirm that within their financial accounting systems, check registers and/or disbursement journals are maintained for each disbursement account.

Bank Statements

The Debtors affirm that bank statements for all of their open and active bank accounts are retained by the Debtors. The Debtors affirm that none of their bank accounts were closed during the current reporting period.

Support Schedule to MOR-1 (Cash-End of Month by Debtor and Bank Account)

Bank/Institution	Account Type	Legal Entity	Last 4 Digits of Account #		In thousands of dollars End of Month Cash
Amegy Bank	Receivables Account	Key Energy Services, LLC		5005	$	158
JPMorgan Chase Bank	Legacy Account	Key Energy Services, LLC		9385		164
JPMorgan Chase Bank	Legacy Account	Key Energy Services, LLC		0458		—
JPMorgan Chase Bank	Legacy Account	Key Energy Services, LLC		0466		—
Wells Fargo Bank	Disbursement Account	Key Energy Services, Inc.		2538		127
Wells Fargo Securities	Investment Account	Key Energy Services, Inc.		6101		7,151
Merrill Lynch	Investment Account	Key Energy Services, LLC		1A74		25,183
Bank of America	Concentration Account	Key Energy Services, LLC		5203		117
Bank of America	Disbursement Account	Key Energy Services, LLC		5216		—
Bank of America	Disbursement Account	Key Energy Services, LLC		8553		—
Total Unrestricted Bank Account Cash					$	32,900
Outstanding Checks						1,407
Total Unrestrcited Book Cash					$	31,493
Bank of America	ABL LC Collateral	Key Energy Services, LLC		8853		3,914
Bank of America	ABL Segregated Cash	Key Energy Services, LLC		8195		15,000
Total Book Cash					$	50,407

UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re: Key Energy Services, Inc., et al.	Case No. 16-12306 (BLS)
Debtors	Jointly Administered

MOR-1b

Schedule of Professional Fees and Expenses Paid

For the Period Petition Date through October 31, 2016

(In thousands of dollars)

(Unaudited)

Cumulative

Amounts Paid this Period

Amount Paid Since Petition Date

Professional

Fees

Expenses

Total

Fees

Expenses

Total

Alvarez & Marsal North America

$

—

$

—

$

—

$

—

$

—

$

—

Epiq Bankruptcy Solutions LLC

—

—

—

—

—

—

PJT Partners LP

—

—

—

—

—

—

Sidley Austin LLP

—

—

—

—

—

—

Young Conaway Stargatt & Taylor LLP

—

—

—

—

—

—

—

—

—

—

—

—

Total

$

—

$

—

$

—

$

—

$

—

$

—

Professional	Role
Alvarez & Marsal North America	Debtors’ Financial Advisor
Epiq Bankruptcy Solutions LLC	Debtors’ Claims/ Noticing Agent
PJT Partners LP	Debtors’ Financial Advisor
Sidley Austin LLP	Debtors’ Counsel
Young Conaway Stargatt & Taylor LLP	Debtors’ Local Delaware Counsel

UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re: Key Energy Services, Inc., et al.	Case No. 16-12306 (BLS)
Debtors	Jointly Administered

MOR-2

Statements of Operations¹

For the Period Petition Date through October 31, 2016

(In thousands of dollars)

(Unaudited)

	Key Energy Services, Inc.			Key Energy Services, LLC			Misr Key Energy Investments, LLC		Misr Key Energy Services, LLC		Debtor Group Total2
Revenues	$	—		$	9,224		$	—	$	—	$	9,224
Direct Operating Expenses		—			8,952			—		—		8,952
Depreciation and Amortization Expense		—			2,665			—		—		2,665
General & Administrative Expenses		17			3,414			—		—		3,431
Impairment Expense		—			—			—		—		—
Operating Income (Loss)	$	(17	)	$	(5,807	)	$	—	$	—	$	(5,823	)
Interest Expenses, Net of Amount Capitalized		1,809			—			—		—		1,809
Other (Income) Expense, net		(1	)		(54	)		—		—		(55	)
Income (Loss) Before Income Taxes	$	(1,825	)	$	(5,753	)	$	—	$	—	$	(7,578	)
Income Tax Expenses (Benefit)		—			—			—		—		—
Net Income (Loss)	$	(1,825	)	$	(5,753	)	$	—	$	—	$	(7,578	)
Income Attributable to Non-Controlling Interest		—			—			—		—		—
Net (Loss) Income Attributable to Debtors	$	(1,825	)	$	(5,753	)	$	—	$	—	$	(7,578	)
Total Non-Recurring / One-Time Items	$	—		$	—		$	—	$	—	$	—

Notes:

¹  The information contained herein is provided to fulfill the requirements of the Office of the United States Trustee. All information contained herein is unaudited and subject to future adjustment.

²  Excludes intercompany eliminations.

UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re: Key Energy Services, Inc., et al.	Case No. 16-12306 (BLS)
Debtors	Jointly Administered

MOR-3a

Balance Sheets¹

As of the Petition Date

(In thousands of dollars)

(Unaudited)

	Key Energy Services, Inc.			Key Energy Services, LLC		Misr Key Energy Investments, LLC		Misr Key Energy Services, LLC		Debtor Group Total2
Cash & Cash Equivalents	$	410		$	29,403	$	—	$	—	$	29,813
Restricted Cash		—			18,914		—		—		18,914
Accounts Receivable, Net of Allowance		—			62,516		—		—		62,516
Inventory		—			23,231		—		—		23,231
Other Current Assets		14,716			21,647		—		—		36,363
Total Current Assets	$	15,126		$	155,711	$	—	$	—	$	170,837
Property & Equipment, Net		—			727,929		—		—		727,929
Goodwill		—			—		—		—		—
Other Intangible Assets, Net		—			2,289		—		—		2,289
Other Assets		870			18,777		—		—		19,647
Total Assets	$	15,996		$	904,705	$	—	$	—	$	920,701
Accounts Payable	$	—		$	—	$	—	$	—	$	—
Other Current Liabilities		—			—		—		—		—
Current Portion of Long-Term Debt		—			—		—		—		—
Total Current Liabilities	$	—		$	—	$	—	$	—	$	—
Long-Term Debt		—			—		—		—		—
Workers’ Compensation, Vehicular, and Health Insurance Liabilities		—			—		—		—		—
Deferred Tax Liabilities		—			—		—		—		—
Other Non-Current Liabilities		—			—		—		—		—
Total Liabilities	$	—		$	—	$	—	$	—	$	—
Liabilities Subject to Compromise		642,917			470,905		—		—		1,113,822
Debtors’ Equity		(626,921	)		433,800		—		—		(193,121	)
Total Liabilities & Debtors’ Equity	$	15,996		$	904,705	$	—	$	—	$	920,701

Notes:

¹  The information contained herein is provided to fulfill the requirements of the Office of the United States Trustee. All information contained herein is unaudited and subject to future adjustment.

²  Excludes intercompany eliminations.

UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re: Key Energy Services, Inc., et al.	Case No. 16-12306 (BLS)
Debtors	Jointly Administered

MOR-3a

Balance Sheets¹

As of October 31, 2016

(In thousands of dollars)

(Unaudited)

	Key Energy Services, Inc.			Key Energy Services, LLC		Misr Key Energy Investments, LLC		Misr Key Energy Services, LLC		Debtor Group Total2
Cash & Cash Equivalents	$	7,278		$	24,215	$	—	$	—	$	31,493
Restricted Cash		—			18,914		—		—		18,914
Accounts Receivable, Net of Allowance		—			68,499		—		—		68,499
Inventory		—			23,231		—		—		23,231
Other Current Assets		14,716			21,332		—		—		36,048
Total Current Assets	$	21,993		$	156,191	$	—	$	—	$	178,184
Property & Equipment, Net		—			725,264		—		—		725,264
Goodwill		—			—		—		—		—
Other Intangible Assets, Net		—			2,261		—		—		2,261
Other Assets		870			18,777		—		—		19,647
Total Assets	$	22,863		$	902,494	$	—	$	—	$	925,357
Accounts Payable	$	—		$	1,149	$	—	$	—	$	1,149
Other Current Liabilities		—			4,418		—		—		4,418
Current Portion of Long-Term Debt		—			—		—		—		—
Total Current Liabilities	$	—		$	5,568	$	—	$	—	$	5,568
Long-Term Debt		—			—		—		—		—
Workers’ Compensation, Vehicular, and Health Insurance Liabilities		—			—		—		—		—
Deferred Tax Liabilities		—			—		—		—		—
Other Non-Current Liabilities		—			—		—		—		—
Total Liabilities	$	—		$	5,568	$	—	$	—	$	5,568
Liabilities Subject to Compromise		641,219			467,832		—		—		1,109,051
Debtors’ Equity		(618,356	)		429,094		—		—		(189,262	)
Total Liabilities & Debtors’ Equity	$	22,863		$	902,494	$	—	$	—	$	925,357

Notes:

¹  The information contained herein is provided to fulfill the requirements of the Office of the United States Trustee. All information contained herein is unaudited and subject to future adjustment.

²  Excludes intercompany eliminations.

UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re: Key Energy Services, Inc., et al.	Case No. 16-12306 (BLS)
Debtors	Jointly Administered

Declaration Regarding the Status of Post Petition Taxes of the Debtor

October 31, 2016

J. Marshall Dodson hereby declares and states:

I am Chief Financial Officer, Senior Vice President and Treasurer of Key Energy Services, Inc., a corporation organized under the laws of the state of Maryland and a Debtor and Debtor in possession in the above-captioned chapter 11 case. In this capacity, I am familiar with the day-to-day tax operations of Key Energy Services, Inc., et al.

Except as otherwise indicated, all facts set forth in this declaration are based upon my personal knowledge of the operations and finances of Key Energy Services, Inc., information learned from my review of relevant documents, and information I have received from other members of management and/or the Debtor’s advisors. I am authorized to submit this declaration on behalf of Key Energy Services, Inc. and, if I were called upon to testify, I could and would testify competently to the facts set forth herein. I submit this declaration under penalty of perjury pursuant to 28 U.S.C. Section 1746.

To the best of my knowledge, the Debtors have filed all necessary federal, state and local tax returns and made all required post petition tax payments in connection therewith on a timely basis or have promptly remediated any late filings or payments that may have occurred due to unintentional oversights.

Dated: November 18, 2016	Respectfully submitted,
	/s/ J. Marshall Dodson
	J. Marshall Dodson
	Chief Financial Officer, Senior Vice President and Treasurer

UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re: Key Energy Services, Inc., et al.	Case No. 16-12306 (BLS)
Debtors	Jointly Administered

MOR-4

Summary of Unpaid Post Petition Accounts Payable and Aging¹

As of October 31, 2016

(In thousands of dollars)

(Unaudited)

Days Past Due
	Current			1-30			31-60			61-90			>91			Total
Debtors	$	6,468		$	2,039		$	89		$	350		$	2		$	8,948
		72	%		23	%		1	%		4	%		0	%		100	%

Notes:

¹  The post petition accounts payable reported represent open and outstanding trade vendor invoices that have been entered into the Debtors’ accounts payable system and pre-petition amounts that the Debtors intend to pay in accordance with various orders of the Bankruptcy Court.

UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re: Key Energy Services, Inc., et al.	Case No. 16-12306 (BLS)
Debtors	Jointly Administered

MOR-5

Trade Accounts Receivable and Aging

As of October 31, 2016

(In thousands of dollars)

(Unaudited)

Days Aged1
	Current			1-30			31-60			61-90			>91			Total
Debtors	$	47,845		$	15,395		$	1,906		$	1,026		$	2,327		$	68,499
		70	%		22	%		3	%		1	%		3	%		100	%

Notes:

¹  These amounts are aged from date of invoice and do not include provision for bad debt and write-offs nor non-customer receivables. Aging percentages are calculated based on total trade accounts receivable.

UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re: Key Energy Services, Inc., et al.	Case No. 16-12306 (BLS)
Debtors	Jointly Administered

MOR-6

Debtor Questionnaire

October 2016

		Yes	No
1	Have any assets been sold or transferred outside the normal course of business in 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.		X
3	Have all post petition tax returns been timely filed? If no, provide an explanation.	X
4	Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation.	X
5	Have any bank accounts been opened during the monthly 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