EX-99.1 2 tm2036524d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

               
            Monthly Operating Report  
            CASH BASIS  
  CASE  NAME: Tuesday Morning Corporation, et al.          
                   
  CASE  NUMBER: 20-31476 (Jointly Administered)          
                   
  JUDGE: Harlin DeWayne Hale          
                   
    UNITED  STATES  BANKRUPTCY  COURT                      
                   
NORTHERN & EASTERN DISTRICTS OF TEXAS
                   
  REGION 6  
                   
MONTHLY  OPERATING  REPORT
                   
      MONTH  ENDING: October   2020 Note 1    
        MONTH   YEAR      
                   
  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
  (CASH BASIS-1  THROUGH  CASH BASIS-6)  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:              

 

 

       
    EVP, Chief Financial Officer  
      TITLE  
         
  STACIE SHIRLEY   November 20, 2020  
  PRINTED NAME OF RESPONSIBLE PARTY   DATE  
       
  PREPARER:      
       
    Director - AlixPartners, LLP  
  ORIGINAL  SIGNATURE  OF  PREPARER   TITLE  
         
  JASON MUSKOVICH   November 20, 2020  
  PRINTED NAME OF PREPARER   DATE  
         
  Note 1:  This report covers the period from October 1 through October 31, 2020 unless otherwise noted.  
         

 

 

 

 

In re: Tuesday Morning Corporation, et al. Case No. (Jointly Administered) 20-31476 (HDH)
  Reporting Period: October 1 to 31, 2020
  Federal Tax I.D. # 75-2398532

 

Notes to the Monthly Operating Report
 
This Monthly Operating Report ("MOR") is unaudited and has been prepared solely for the purpose of complying with the obligations of the above-captioned debtors and debtors in possession (the “Debtors”) to provide monthly operating reports during these Chapter 11 Cases.  The Debtors have prepared this monthly operating report using the best information presently available to them, which has been collected, maintained, and prepared in accordance with their historical accounting practices.  This monthly operating report is, thus, true and accurate to the best of the Debtors’ knowledge, information, and belief based on currently available data.
 
This MOR includes activity from the following Debtors and related Case Numbers:

 

Debtor  Case Number
Tuesday Morning Corporation (LEAD)  20-31476
TMI Holdings, Inc.  20-31477
Tuesday Morning, Inc.  20-31478
Friday Morning, LLC  20-31479
Days of the Week, Inc.  20-31480
Nights of the Week, Inc.  20-31481
Tuesday Morning Partners, Ltd.  20-31482

 

Background:  On May 27, 2020 (the “Petition Date”), each of the Debtors filed with the Court their respective voluntary petitions for relief under chapter 11 of Title 11 of the Bankruptcy Code, commencing the above-captioned chapter 11 cases. The Debtors continue to operate their businesses and manage their properties as debtors-in-possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code. On May 28, 2020, the Court entered an order authorizing the joint administration of these chapter 11 cases [Dkt. 66].
 
Notes:
 
The Debtors prepared this MOR relying primarily upon the information set forth in their books and records. Consequently, certain transactions that are not identified in the normal course of business in the Debtors’ books and records may not be included in this MOR.  Nevertheless, in preparing this MOR, the Debtors made best efforts to supplement the information set forth in their books and records with additional information concerning transactions that may not have been included therein.
 
Except as relates to Cash Receipts and Disbursements information presented on Page 1 and Page 1A of the attached MOR, information herein has been prepared on a consolidated basis for the Debtors.
 
The financial information contained herein is unaudited, limited in scope, covers a limited time period, and has been prepared solely for the purpose of complying with the monthly reporting requirements for Chapter 11 debtors as required by the United States Bankruptcy Court for the Northern District of Texas (the “Bankruptcy Court”). The financial information is in a format intended to meet the requirements of the Bankruptcy Court and the Office of the United States Trustee for the Northern District of Texas, Dallas Division (the “U.S. Trustee”).
 
As discussed below, this MOR is not prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). This MOR does not include all of the information and footnotes required by GAAP.
 
The results of operations contained herein are not necessarily indicative of results that may be expected from any other period or for the full year and may not necessarily reflect the consolidated results of operations, financial position and cash flows of the Debtors in the future.
 
No assurance can be given as to the value, if any, that may be ascribed to the Debtors’ various pre- petition liabilities and other securities. Accordingly, the Debtors urge that caution be exercised with respect to existing and future investments in any of these securities or claims against the Debtors.
 
Reservation of Rights:  Given the complexity of the Debtors’ financial affairs, inadvertent errors, omissions or over-inclusions may have occurred.  Accordingly, the Debtors hereby reserve all of their rights to dispute the validity, status, enforceability, or nature of any claim amount, representation, or other statement in this MOR and reserve the right to amend or supplement this MOR, if necessary.
 
Additional Information: For more information related to these Chapter 11 Cases, court filings and claims information please refer to the Restructuring website at https://dm.epiq11.com/case/tuesdaymorning/info.

 

Page 2 of 15

 

 

 

 

Monthly Operating Report

CASH BASIS-1

 

CASE NAME: Tuesday Morning Corporation, et al.
   
CASE NUMBER: 20-31476 (Jointly Administered)

 

   OCT   NOV   DEC     
CASH RECEIPTS AND DISBURSEMENTS  1 to 31   1 to 30   1 to 31   TOTAL 
1.  CASH - BEGINNING OF MONTH  $48,904,040   $-   $-   $48,904,040 
RECEIPTS                    
2.  CASH SALES 1  $47,768,218   $-   $-   $47,768,218 
3.  ACCOUNTS RECEIVABLE COLLECTIONS   -    -    -    - 
4.  LOANS AND ADVANCES 2   87,300,000    -    -    87,300,000 
5.  SALE OF ASSETS   -    -    -    - 
6.  LEASE & RENTAL INCOME   -    -    -    - 
7.  WAGES   -    -    -    - 
8.  OTHER (SEE MONTHLY DETAIL)   17,967,973    -    -    17,967,973 
9.  TOTAL RECEIPTS  $153,036,191   $-   $-   $153,036,191 
DISBURSEMENTS                    
10.  NET PAYROLL  $10,682,262   $-   $-   $10,682,262 
11.  PAYROLL TAXES PAID 3   -    -    -    - 
12.  SALES,USE & OTHER TAXES PAID   4,058,833    -    -    4,058,833 
13.  INVENTORY PURCHASES   37,041,327    -    -    37,041,327 
14.  MORTAGE PAYMENTS   -    -    -    - 
15.  OTHER SECURED NOTE PAYMENTS 2   87,409,345    -    -    87,409,345 
16.  RENTAL & LEASE PAYMENTS   9,837,059    -    -    9,837,059 
17.  UTILITIES   1,295,911    -    -    1,295,911 
18.  INSURANCE   263,066    -    -    263,066 
19.  VEHICLE EXPENSES 4   5,973,169    -    -    5,973,169 
20.  TRAVEL   24,224    -    -    24,224 
21.  ENTERTAINMENT   -    -    -    - 
22.  REPAIRS & MAINTENANCE   1,158,615    -    -    1,158,615 
23.  SUPPLIES   737,769    -    -    737,769 
24.  ADVERTISING   512,060    -    -    512,060 
25.  HOUSEHOLD EXPENSES   -    -    -    - 
26.  CHARITABLE CONTRIBUTIONS   -    -    -    - 
27.  GIFTS   -    -    -    - 
28.  OTHER (ORDINARY COURSE PROFESSIONALS)   497,528    -    -    497,528 
29.  TOTAL ORDINARY DISBURSEMENTS  $159,491,170   $-   $-   $159,491,170 
REORGANIZATION EXPENSES                    
30.  PROFESSIONAL FEES  $2,476,452   $-   $-   $2,476,452 
31.  U.S. TRUSTEE FEES   501,625    -    -    501,625.0 
32.  OTHER (SEE MONTHLY DETAIL)   14,924,467    -    -    14,924,467 
33.  TOTAL REORGANIZATION EXPENSES  $17,902,544   $-   $-   $17,902,544 
34.  TOTAL DISBURSEMENTS  $177,393,714   $-   $-   $177,393,714 
35.  NET CASH FLOW  $(24,357,523)  $-   $-   $(24,357,523)
36.  CASH - END OF MONTH  $24,546,517   $-   $-   $24,546,517 

 

NOTES:

 

1 Includes all cash and credit card in-store sales.

 

2 Includes all borrowings or repayments against Pre-Petition ABL and Post-Petition DIP.  Debtors have repaid the Pre-Petition ABL to the required minimum balance of $100,000.  Furthermore, as of September 30, 2020 the Debtors have no outstanding borrowings against either their Post-Petition ABL DIP or their DIP Term Loan.  

 

3 Included in Net Payroll disbursements item #10

 

4 Represents freight disbursements

 

 

 

Monthly Operating Report
CASE NAME: Tuesday Morning Corporation, et al. CASH BASIS-1
  CALCULATION OF QUARTERLY UST FEES
CASE NUMBER: 20-31476 (Jointly Administered)  

 

           TMI               TMP     
34.  TOTAL DISBURSEMENTS  Tuesday
Morning
Corporation		   TMI Holdings,
Inc.		   Tuesday
Morning, Inc.		   Friday
Morning, LLC		   Days of the
Week, Inc.		   Nights of the
Week, Inc.		   Tuesday
Morning
Partners, Ltd.		   TOTAL 
CYQ4/M1 - OCT 1 - 31, 2020  $-   $-   $120,938,772   $-   $-   $-   $56,454,942   $177,393,714 
CYQ4/M2 - NOV 1 - 30, 2020   -    -    -    -    -    -    -    - 
CYQ4/M3 - DEC 1 - 31, 2020   -    -    -    -    -    -    -    - 
                                         
TOTAL DISBURSEMENTS - CALENDAR Q4 2020  $-   $-   $120,938,772   $-   $-   $-   $56,454,942   $177,393,714 
                                         
QUARTERLY FEES DUE  $325.00   $325.00   $250,000.00   $325.00   $325.00   $325.00   $250,000.00   $501,625.00 

 

Quarterly
Disbursement
Minimum		   Quarterly
Disbursement
Maximum		   Applicable
Quarterly Fee		 
$-   $-   $325.00 
$0.01   $14,999.99   $325.00 
$15,000.00   $74,999.99   $650.00 
$75,000.00   $149,999.99   $975.00 
$150,000.00   $224,999.99   $1,625.00 
$225,000.00   $299,999.99   $1,950.00 
$300,000.00   $999,999.99   $4,875.00 
$1,000,000.00   $24,999,999.99    1%
$25,000,000.00        $250,000.00 

 

 

 

 

    Monthly Operating Report
CASE NAME: Tuesday Morning Corporation, et al. CASH BASIS-1
    CONSOLIDATING DISBURSEMENTS BY LEGAL ENTITY - OCT 1 TO 31, 2020
CASE NUMBER: 20-31476 (Jointly Administered)  

 

   OCTOBER 1 TO 31, 2020 BY LEGAL ENTITY     
           TMI               TMP     
CASH RECEIPTS AND DISBURSEMENTS  Tuesday
Morning
Corporation		   TMI Holdings,
Inc.		   Tuesday
Morning, Inc.		   Friday Morning,
LLC		   Days of the
Week, Inc.		   Nights of the
Week, Inc.		   Tuesday
Morning
Partners, Ltd.		   OCT 1 - 31
TOTAL		 
1.  CASH - BEGINNING OF MONTH  $       -   $       -   $48,904,040   $       -   $       -   $       -   $-   $48,904,040 
RECEIPTS                                        
2.  CASH SALES 1  $-   $-   $47,768,218   $-   $-   $-   $-   $47,768,218 
3.  ACCOUNTS RECEIVABLE COLLECTIONS   -    -    -    -    -    -    -    - 
4.  LOANS AND ADVANCES 2   -    -    87,300,000    -    -    -    -    87,300,000 
5.  SALE OF ASSETS   -    -    -    -    -    -    -    - 
6.  LEASE & RENTAL INCOME   -    -    -    -    -    -    -    - 
7.  WAGES   -    -    -    -    -    -    -    - 
8.  OTHER (SEE BELOW)  $-   $-   $3,467,973   $-   $-   $-   $14,500,000   $17,967,973 
8a.  SALES TAXES COLLECTED   -    -    3,467,973    -    -    -    -    3,467,973 
8b.  GOB SALES PROCEEDS   -    -    -    -    -    -    -    - 
8c.  POR EARNEST MONEY DEPOSITS   -    -    -    -    -    -    14,500,000    14,500,000 
9.  TOTAL RECEIPTS  $-   $-   $138,536,191   $-   $-   $-   $14,500,000   $153,036,191 
DISBURSEMENTS                                        
10.  NET PAYROLL  $-   $-   $8,047,443   $-   $-   $-   $2,634,819   $10,682,262 
11.  PAYROLL TAXES PAID 3   -    -    -    -    -    -    -    - 
12.  SALES,USE & OTHER TAXES PAID   -    -    4,058,833    -    -    -    -    4,058,833 
13.  INVENTORY PURCHASES   -    -    -    -    -    -    37,041,327    37,041,327 
14.  MORTAGE PAYMENTS   -    -    -    -    -    -    -    - 
15.  OTHER SECURED NOTE PAYMENTS 2   -    -    87,409,345    -    -    -    -    87,409,345 
16.  RENTAL & LEASE PAYMENTS   -    -    9,516,293    -    -    -    320,765    9,837,059 
17.  UTILITIES   -    -    1,268,045    -    -    -    27,866    1,295,911 
18.  INSURANCE   -    -    263,066    -    -    -    -    263,066 
19.  VEHICLE EXPENSES 4   -    -    4,920,061    -    -    -    1,053,108    5,973,169 
20.  TRAVEL   -    -    24,224    -    -    -    -    24,224 
21.  ENTERTAINMENT   -    -    -    -    -    -    -    - 
22.  REPAIRS & MAINTENANCE   -    -    1,156,374    -    -    -    2,241    1,158,615 
23.  SUPPLIES   -    -    287,420    -    -    -    450,349    737,769 
24.  ADVERTISING   -    -    512,060    -    -    -    -    512,060 
25.  HOUSEHOLD EXPENSES   -    -    -    -    -    -    -    - 
26.  CHARITABLE CONTRIBUTIONS   -    -    -    -    -    -    -    - 
27.  GIFTS   -    -    -    -    -    -    -    - 
28.  OTHER (ORDINARY COURSE PROFESSIONALS)   -    -    497,528    -    -    -    -    497,528 
29.  TOTAL ORDINARY DISBURSEMENTS  $-   $-   $117,960,695   $-   $-   $-   $41,530,475   $159,491,170 
REORGANIZATION EXPENSES                                        
30.  PROFESSIONAL FEES  $-   $-   $2,476,452   $-   $-   $-   $-   $2,476,452 
31.  U.S. TRUSTEE FEES   -    -    501,625    -    -    -    -    501,625 
32.  OTHER (SEE BELOW)  $-   $-   $-   $-   $-   $-   $14,924,467   $14,924,467 
32a.  PRE-PETITION TRADE ORDER PAYMENTS   -    -    -    -    -    -    -    - 
32b.  UTILITIES ESCROW DEPOSITS   -    -    -    -    -    -    -    - 
32c.  POR EARNEST DEPOSITS RELEASED   -    -    -    -    -    -    14,500,000    14,500,000 
32d. AUTHORIZED KERP PAYMENTS   -    -    -    -    -    -    424,467    424,467 
33.  TOTAL REORGANIZATION EXPENSES  $-   $-   $2,978,077   $-   $-   $-   $14,924,467   $17,902,544 
34.  TOTAL DISBURSEMENTS  $-   $-   $120,938,772   $-   $-   $-   $56,454,942   $177,393,714 
35.  NET CASH FLOW  $-   $-   $17,597,419   $-   $-   $-   $(41,954,942)  $(24,357,523)
36.  CASH - END OF MONTH  $-   $-   $66,501,459   $-   $-   $-   $(41,954,942)  $24,546,517 

 

NOTES:

 

1 Includes all cash and credit card in-store sales.

 

2 Includes all borrowings or repayments against Pre-Petition ABL and Post-Petition DIP.  Debtors have repaid the Pre-Petition ABL to the required minimum balance of $100,000. Furthermore, as of October 31, 2020 the Debtors have no outstanding borrowings against either their Post-Petition ABL DIP or their DIP Term Loan.

 

3 Included in Net Payroll disbursements item #10

 

4 Represents freight disbursements

 

 

 

 

    Monthly Operating Report
CASE NAME: Tuesday Morning Corporation, et al. CASH BASIS-1
    CONSOLIDATING DISBURSEMENTS BY LEGAL ENTITY - NOV 1 TO 30, 2020
CASE NUMBER: 20-31476 (Jointly Administered)  

 

   NOVEMBER 1 - 30, 2020 BY LEGAL ENTITY     
           TMI               TMP     
CASH RECEIPTS AND DISBURSEMENTS  Tuesday
Morning
Corporation		   TMI Holdings,
Inc.		   Tuesday
Morning, Inc.		   Friday Morning,
LLC		   Days of the
Week, Inc.		   Nights of the
Week, Inc.		   Tuesday
Morning
Partners, Ltd.		   NOV 1 - 30
TOTAL		 
1.  CASH - BEGINNING OF MONTH  $       -   $       -   $       -   $       -   $       -   $       -   $       -   $       - 
RECEIPTS                                        
2.  CASH SALES 1  $-   $-   $-   $-   $-   $-   $-   $- 
3.  ACCOUNTS RECEIVABLE COLLECTIONS   -    -    -    -    -    -    -    - 
4.  LOANS AND ADVANCES 2   -    -    -    -    -    -    -    - 
5.  SALE OF ASSETS   -    -    -    -    -    -    -    - 
6.  LEASE & RENTAL INCOME   -    -    -    -    -    -    -    - 
7.  WAGES   -    -    -    -    -    -    -    - 
8.  OTHER (SEE BELOW)  $-   $-   $-   $-   $-   $-   $-   $- 
8a.  SALES TAXES COLLECTED   -    -    -    -    -    -    -    - 
8b.  GOB SALES PROCEEDS   -    -    -    -    -    -    -    - 
8c.  POR EARNEST MONEY DEPOSITS   -    -    -    -    -    -    -    - 
9.  TOTAL RECEIPTS  $-   $-   $-   $-   $-   $-   $-   $- 
DISBURSEMENTS                                        
10.  NET PAYROLL  $-   $-   $-   $-   $-   $-   $-   $- 
11.  PAYROLL TAXES PAID 3   -    -    -    -    -    -    -    - 
12.  SALES,USE & OTHER TAXES PAID   -    -    -    -    -    -    -    - 
13.  INVENTORY PURCHASES   -    -    -    -    -    -    -    - 
14.  MORTAGE PAYMENTS   -    -    -    -    -    -    -    - 
15.  OTHER SECURED NOTE PAYMENTS 2   -    -    -    -    -    -    -    - 
16.  RENTAL & LEASE PAYMENTS   -    -    -    -    -    -    -    - 
17.  UTILITIES   -    -    -    -    -    -    -    - 
18.  INSURANCE   -    -    -    -    -    -    -    - 
19.  VEHICLE EXPENSES 4   -    -    -    -    -    -    -    - 
20.  TRAVEL   -    -    -    -    -    -    -    - 
21.  ENTERTAINMENT   -    -    -    -    -    -    -    - 
22.  REPAIRS & MAINTENANCE   -    -    -    -    -    -    -    - 
23.  SUPPLIES   -    -    -    -    -    -    -    - 
24.  ADVERTISING   -    -    -    -    -    -    -    - 
25.  HOUSEHOLD EXPENSES   -    -    -    -    -    -    -    - 
26.  CHARITABLE CONTRIBUTIONS   -    -    -    -    -    -    -    - 
27.  GIFTS   -    -    -    -    -    -    -    - 
28.  OTHER (ORDINARY COURSE PROFESSIONALS)   -    -    -    -    -    -    -    - 
29.  TOTAL ORDINARY DISBURSEMENTS  $-   $-   $-   $-   $-   $-   $-   $- 
REORGANIZATION EXPENSES                                        
30.  PROFESSIONAL FEES  $-   $-   $-   $-   $-   $-   $-   $- 
31.  U.S. TRUSTEE FEES   -    -    -    -    -    -    -    - 
32.  OTHER (SEE BELOW)  $-   $-   $-   $-   $-   $-   $-   $- 
32a.  PRE-PETITION TRADE ORDER PAYMENTS   -    -    -    -    -    -    -    - 
32b.  UTILITIES ESCROW DEPOSITS   -    -    -    -    -    -    -    - 
32c.  POR EARNEST DEPOSITS RELEASED   -    -    -    -    -    -    -    - 
32d. AUTHORIZED KERP PAYMENTS   -    -    -    -    -    -    -    - 
33.  TOTAL REORGANIZATION EXPENSES  $-   $-   $-   $-   $-   $-   $-   $- 
34.  TOTAL DISBURSEMENTS  $-   $-   $-   $-   $-   $-   $-   $- 
35.  NET CASH FLOW  $-   $-   $-   $-   $-   $-   $-   $- 
36.  CASH - END OF MONTH  $-   $-   $-   $-   $-   $-   $-   $- 

 

NOTES:

 

1 Includes all cash and credit card in-store sales.

 

2 Includes all borrowings or repayments against Pre-Petition ABL and Post-Petition DIP.  Debtors have repaid the Pre-Petition ABL to the required minimum balance of $100,000. Furthermore, as of October 31, 2020 the Debtors have no outstanding borrowings against either their Post-Petition ABL DIP or their DIP Term Loan.

 

3 Included in Net Payroll disbursements item #10

 

4 Represents freight disbursements

 

 

 

 

 

    Monthly Operating Report
CASE NAME: Tuesday Morning Corporation, et al. CASH BASIS-1
    CONSOLIDATING DISBURSEMENTS BY LEGAL ENTITY -DEC 1 TO 31, 2020
CASE NUMBER: 20-31476 (Jointly Administered)  

 

      DECEMBER 1 - 31, 2020 BY LEGAL ENTITY          
                       TMI                                TMP          
CASH RECEIPTS AND DISBURSEMENTS     Tuesday
Morning
Corporation		       TMI Holdings,
Inc.		       Tuesday
Morning, Inc.		       Friday Morning,
LLC		       Days of the
Week, Inc.		       Nights of the
Week, Inc.		       Tuesday
Morning
Partners, Ltd.		       DEC 1 - 31
TOTAL		  
1.  CASH - BEGINNING OF MONTH   $ -     $ -     $ -     $ -     $ -     $ -     $ -     $ -  
RECEIPTS                                                                
2.  CASH SALES 1   $ -     $ -     $ -     $ -     $ -     $ -     $ -     $ -  
3.  ACCOUNTS RECEIVABLE COLLECTIONS     -       -       -       -       -       -       -       -  
4.  LOANS AND ADVANCES 2     -       -       -       -       -       -       -       -  
5.  SALE OF ASSETS     -       -       -       -       -       -       -       -  
6.  LEASE & RENTAL INCOME     -       -       -       -       -       -       -       -  
7.  WAGES     -       -       -       -       -       -       -       -  
8.  OTHER (SEE BELOW)   $ -     $ -     $ -     $ -     $ -     $ -     $ -     $ -  
8a.  SALES TAXES COLLECTED     -       -       -       -       -       -       -       -  
8b.  GOB SALES PROCEEDS     -       -       -       -       -       -       -       -  
8c.  POR EARNEST MONEY DEPOSITS     -       -       -       -       -       -       -       -  
9.  TOTAL RECEIPTS   $ -     $ -     $ -     $ -     $ -     $ -     $ -     $ -  
DISBURSEMENTS                                                                
10.  NET PAYROLL   $ -     $ -     $ -     $ -     $ -     $ -     $ -     $ -  
11.  PAYROLL TAXES PAID 3     -       -       -       -       -       -       -       -  
12.  SALES,USE & OTHER TAXES PAID     -       -       -       -       -       -       -       -  
13.  INVENTORY PURCHASES     -       -       -       -       -       -       -       -  
14.  MORTAGE PAYMENTS     -       -       -       -       -       -       -       -  
15.  OTHER SECURED NOTE PAYMENTS 2     -       -       -       -       -       -       -       -  
16.  RENTAL & LEASE PAYMENTS     -       -       -       -       -       -       -       -  
17.  UTILITIES     -       -       -       -       -       -       -       -  
18.  INSURANCE     -       -       -       -       -       -       -       -  
19.  VEHICLE EXPENSES 4     -       -       -       -       -       -       -       -  
20.  TRAVEL     -       -       -       -       -       -       -       -  
21.  ENTERTAINMENT     -       -       -       -       -       -       -       -  
22.  REPAIRS & MAINTENANCE     -       -       -       -       -       -       -       -  
23.  SUPPLIES     -       -       -       -       -       -       -       -  
24.  ADVERTISING     -       -       -       -       -       -       -       -  
25.  HOUSEHOLD EXPENSES     -       -       -       -       -       -       -       -  
26.  CHARITABLE CONTRIBUTIONS     -       -       -       -       -       -       -       -  
27.  GIFTS     -       -       -       -       -       -       -       -  
28.  OTHER (ORDINARY COURSE PROFESSIONALS)     -       -       -       -       -       -       -       -  
29.  TOTAL ORDINARY DISBURSEMENTS   $ -     $ -     $ -     $ -     $ -     $ -     $ -     $ -  
REORGANIZATION EXPENSES                                                                
30.  PROFESSIONAL FEES   $ -     $ -     $ -     $ -     $ -     $ -     $ -     $ -  
31.  U.S. TRUSTEE FEES     -       -       -       -       -       -       -       -  
32.  OTHER (SEE BELOW)   $ -     $ -     $ -     $ -     $ -     $ -     $ -     $ -  
32a.  PRE-PETITION TRADE ORDER PAYMENTS     -       -       -       -       -       -       -       -  
32b.  UTILITIES ESCROW DEPOSITS     -       -       -       -       -       -       -       -  
32c.  POR EARNEST DEPOSITS RELEASED     -       -       -       -       -       -       -       -  
32d. AUTHORIZED KERP PAYMENTS     -       -       -       -       -       -       -       -  
33.  TOTAL REORGANIZATION EXPENSES   $ -     $ -     $ -     $ -     $ -     $ -     $ -     $ -  
34.  TOTAL DISBURSEMENTS   $ -     $ -     $ -     $ -     $ -     $ -     $ -     $ -  
35.  NET CASH FLOW   $ -     $ -     $ -     $ -     $ -     $ -     $ -     $ -  
36.  CASH - END OF MONTH   $ -     $ -     $ -     $ -     $ -     $ -     $ -     $ -  

 

NOTES: 

 

1 Includes all cash and credit card in-store sales.

 

2 Includes all borrowings or repayments against Pre-Petition ABL and Post-Petition DIP.  Debtors have repaid the Pre-Petition ABL to the required minimum balance of $100,000. Furthermore, as of October 31, 2020 the Debtors have no outstanding borrowings against either their Post-Petition ABL DIP or their DIP Term Loan.

 

3 Included in Net Payroll disbursements item #10

 

4 Represents freight disbursements

 

 

 

 

    Monthly Operating Report
    CASH BASIS-1A
     
    2020
CASE NAME: Tuesday Morning Corporation, et al.  
     
CASE NUMBER: 20-31476 (Jointly Administered)  

 

CASH DISBURSEMENTS DETAIL     MONTH: October
               
CASH DISBURSEMENTS   
  DATE PAYEE PURPOSE AMOUNT
         
         
    SEE NOTE 1 BELOW    
         
         
         
  TOTAL CASH DISBURSEMENTS 1      $ 177,393,714
               
               
BANK ACCOUNT DISBURSEMENTS
CK# DATE PAYEE PURPOSE AMOUNT
         
         
         
    SEE NOTE 2 BELOW    
         
         
         
         
         
         
         
         
         
         
         
         
  TOTAL BANK ACCOUNT DISBURSEMENTS      
               
TOTAL DISBURSEMENTS FOR THE PERIOD        $ 177,393,714

 

1 Aside from immaterial petty cash transactions conducted by the stores which are not individually recorded, the Debtors do not make cash disbursements.

 

2 Debtors process hundreds of individual transactions per week.  In many cases these disbursements relate to confidential pricing agreements with merchandise suppliers or other commercially sensitive information. Due to the voluminous and confidential nature of this information, Debtors have excluded details from this MOR. Individual payment line items are available for review on request by the Office of the US Trustee.

 

 

 

 

 

    Monthly Operating Report
    CASH BASIS-2
     
     
CASE NAME: Tuesday Morning Corporation, et al.  
     
CASE NUMBER: 20-31476 (Jointly Administered)  

 

BANK RECONCILIATIONS    

 

   Acct #1   Acct #2   Acct #3   TOTAL 
A.  BANK:  SEE FOLLOWING SCHEDULE OF ACCOUNTS     
B.  ACCOUNT NUMBER:                
C.  PURPOSE (TYPE):                
1.  BALANCE PER BANK STATEMENT                 $33,256,218 
2.  ADD:  TOTAL DEPOSITS NOT CREDITED                 $- 
3.  SUBTRACT:  OUTSTANDING CHECKS                 $(8,709,701)
4.  OTHER RECONCILING ITEMS                 $- 
5.  MONTH END BALANCE PER BOOKS  $-   $-   $-   $24,546,517 
6.  NUMBER OF LAST CHECK WRITTEN                    
                     
INVESTMENT ACCOUNTS                    

 

    DATE OF    TYPE OF     PURCHASE    CURRENT 
BANK, ACCOUNT NAME & NUMBER   PURCHASE    INSTRUMENT    PRICE    VALUE 
7.                    
8.                    
9.                    
10.                    
11.  TOTAL INVESTMENTS            $-   $- 
                     

 

CASH                    
                     
12.  CURRENCY ON HAND                 $- 
                     
13.  TOTAL CASH - END OF MONTH                 $24,546,517 

 

 

 

 

    Monthly Operating Report
    CASH BASIS-2A
    SCHEDULE OF DEBTOR BANK ACCOUNTS
     
CASE NAME: Tuesday Morning Corporation, et al.  
     
CASE NUMBER: 20-31476 (Jointly Administered)  

 

Bank  GL   Nature of Account   Account Number   Balance as of October 31, 2020 
Wells Fargo   1013    TMI - AP - NACHA ACH    xxx3007   $- 
Wells Fargo   1013    TMP - AP - NACHA ACH    xxx3015    - 
Wells Fargo   1015    TMI - Property Tax    xxx4381    - 
Wells Fargo   1018    TMI - Sale Tax II    xxx3495    265,995 
Wells Fargo   1020    TMI Main Disbursement    xxx7526    2,047,844 
Wells Fargo   1025    Friday Morning, Inc.    xxx1036    - 
Wells Fargo   1025    TMI - Main Cash Concentration    xxx5063    1,463,668 
Wells Fargo   1025    TMP - Main    xxx0097    8,855,850 
Bank of America   1025    TMP - DP Payments    xxx5718    - 
Wells Fargo   1032    TMI - Visa/MC    xxx8307    - 
Wells Fargo   1033    TMI - Discover    xxx8299    - 
Wells Fargo   1034    TMI - American Express    xxx7708    - 
Community First National   1045    Store #863 Depository Account    xxx9812    25 
People Bank   1045    Store #984 Depository Account    xxx1340    44 
Hancock Bank   1045    Store #598 Depository Account    xxx0914    50 
BBVA/Compass Bank   1045    Stores Depository Account    xxx9325    6,118 
Fifth Third Bank   1045    Stores Depository Account    xxx5683    3,654 
Regions Bank   1045    Stores Depository Account    xxx0300    38,450 
Chase Bank   1045    Stores Depository Account    xxx3000    118,634 
PNC Bank   1045    Stores Depository Account    xxx0704    7,240 
Wells Fargo   1045    Stores Depository Account    xxx4140    - 
Wells Fargo   1045    Stores Depository Account    xxx4488    - 
Bank of America   1045    Stores Depository Account    xxx1681    20,148 
BB&T Bank   1045    Stores Depository Account    xxx5675    18,268 
BancFirst Bank   1045    Store #481 Depository Account    xxx6246    1,954 
International Bank of Commerce   1045    Stores #953,#1017, #1077 & #1191 Depository Account    xxx4877    200 
Citizens Bank   1045    Stores Depository Account    xxx5872    5,169 
US Bank   1045    Stores Depository Account    xxx1357    11,909 
Key Bank   1045    Stores Depository Account    xxx4743    5,917 
Wells Fargo   1056    TMI - ADP - PR Tax & Garnishment    xxx5892    494,666 
Wells Fargo   1056    TMP - ADP - PR Tax & Garnishment    xxx5792    19,352 
Wells Fargo   1062    TMI - Postage    xxx2195    96,724 
                     
Wells Fargo   1070    TMI - Workers Comp    xxx3193    1,065 
Wells Fargo   1082    TMI - UHC Medical    xxx0415    32,961 
Wells Fargo   1091    TMI - CIGNA Dental/STD    xxx6906    146,220 
Wells Fargo   1094    TMI - Tax Saver - FSA    xxx1184    - 
JPMorgan Chase Bank   1099    Cash Holding Account    xxx7366    19,594,090 
Wells Fargo   1100    Wells Fargo Brokerage Services    xxx6142    - 
                     
                  $33,256,218 

 

Note 1:  Excludes individual store depository accounts, which are swept into Intermediate Store Depository Accounts included
above.  For more information, see the Debtors' Cash Management Motion [Dkt 10]
 
Note 2: Book to bank reconciliation of each of the Debtors' bank accounts are performed in the ordinary course of business on
a monthly basis.  Additional support for each of these accounts is available for review on request by the Office of the US Trustee.

 

 

 

 

 

Monthly Operating Report

CASH BASIS-3

 

CASE NAME: Tuesday Morning Corporation, et al.
   
CASE NUMBER: 20-31476 (Jointly Administered)

 

                 
ASSETS OF THE ESTATE                    
                     
SCHEDULE "A"
REAL PROPERTY		   SCHEDULE
AMOUNT		    31-Oct-20    30-Nov-20    31-Dec-20 
1.    HQ AND DISTRIBUTION CENTER (AT NBV)  $22,293,977   $19,192,896           
2.                    
3.                    
4.    OTHER (ATTACH LIST)                    
5.    TOTAL REAL PROPERTY ASSETS  $22,293,977   $19,192,896   $-   $- 
SCHEDULE "B"                        
PERSONAL PROPERTY                        
1.    CASH ON HAND  $580,900   $415,900                 
2.    CHECKING, SAVINGS, ETC.  $16,047,077   $24,546,517                 
3.    SECURITY DEPOSITS  $806,583   $892,291                 
4.    HOUSEHOLD GOODS                          
5.    BOOKS, PICTURES, ART                          
6.    WEARING APPAREL                          
7.    FURS AND JEWELRY                          
8.    FIREARMS & SPORTS EQUIPMENT                          
9.    INSURANCE POLICIES                          
10.  ANNUITIES                          
11.  EDUCATION                          
12.  RETIREMENT & PROFIT SHARING                          
13.  STOCKS                          
14.  PARTNERSHIPS & JOINT VENTURES                          
15.  GOVERNMENT & CORPORATE BONDS                          
16.  ACCOUNTS RECEIVABLE  $889,577   $953,266                 
17.  ALIMONY                          
18.  OTHER LIQUIDATED DEBTS                          
19.  EQUITABLE INTERESTS                          
20.  CONTINGENT INTERESTS                          
21.  OTHER CLAIMS  $5,374,800   $11,295,884                 
22.  PATENTS & COPYRIGHTS 1  $-   $-                 
23.  LICENSES & FRANCHISES 1  $-   $-                 
24.  CUSTOMER LISTS 1  $-   $-                 
25.  AUTOS, TRUCKS & OTHER VEHICLES  $23,943   $783                 
26.  BOATS & MOTORS                          
27.  AIRCRAFT                          
28.  OFFICE EQUIPMENT  $15,234,482   $7,890,130                 
29.  MACHINERY, FIXTURES & EQUIPMENT  $65,973,947   $35,905,749                 
30.  INVENTORY  $217,542,264   $127,001,428                 
31.  ANIMALS                          
32.  CROPS                          
33.  FARMING EQUIPMENT                          
34.  FARM SUPPLIES                
35.  OTHER (ATTACH LIST)                
36.  TOTAL PERSONAL PROPERTY ASSETS  $322,473,572   $208,901,948   $-   $- 
37.  TOTAL ASSETS  $344,767,549   $228,094,844   $-   $- 

 

1 Value of intellectual property and intangibles is excluded as Undetermined, 

2 Non Cash Right of Use Assets related to Leased Properties are not included above.

  

 

 

 

Monthly Operating Report

CASH BASIS-4

 

CASE NAME: Tuesday Morning Corporation, et al.
   
CASE NUMBER: 20-31476 (Jointly Administered)

 

  MONTH: October

 

LIABILITIES OF THE ESTATE        
         
PREPETITION
LIABILITIES		  SCHEDULE
AMOUNT		   PAYMENTS 
1.  SECURED 1  $39,210,220   $39,110,220 
2.  PRIORITY 2  $-      
3.  UNSECURED 3, 4  $107,241,762   $3,259,906 
4.  OTHER (ATTACH LIST)          
5.  TOTAL PREPETITION LIABILITIES  $146,451,982   $42,370,126 

 

                     
POSTPETITION  DATE     AMOUNT   DUE     AMOUNT 
LIABILITIES  INCURRED     OWED   DATE     PAST DUE 
1.    FEDERAL INCOME TAXES                    
2.    FICA/MEDICARE                    
3.    STATE TAXES                    
4.    REAL ESTATE TAXES                    
5.    OTHER TAXES (ATTACH LIST)                    
6.    TOTAL TAXES  Various   $ -   Various   $ - 
OTHER POSTPETITION LIABILITIES INCLUDING TRADE CREDITORS (LIST NAMES OF CREDITORS)
7.                    
8.    Total Post-Petition Accounts Payable   Various   $ 20,661,734    Various   $ - 
9.                      
10.                      
11.                      
12.                      
13.                      
14.                      
15.                      
16.                      
17.                      
18.                      
19.  (IF ADDITIONAL ATTACH LIST)                      
20.  TOTAL OF LINES 7 - 19       $ 20,661,734        $ - 
21.  TOTAL POSTPETITION LIABILITIES       $ 20,661,734        $ - 

 

1 Debtors have repaid the Pre-Petition ABL to the required minimum balance of $100,000.  Furthermore, as of October 31, 2020 the Debtors have no outstanding borrowings against either their Post-Petition ABL DIP or their DIP Term Loan.

 

2 The Debtors did not list any Priority liabilities in their Schedules of Assets and Liabilities.  Debtors received authority to make payments on account of Pre-Petition Wages and related employee benefits and certain Pre-Petition Taxes Because the authority granted is sufficient to satisfy all known such liabilities, the Debtors do not believe that they have exposure to Priority Claim Liabilities.

 

3 Payments against unsecured liabilities represent payments made under authority granted in the Debtors' Trade Order to certain foreign vendors, shippers and warehousemen and miscellaneous lien claimants.

 

4 Debtors' negotiations with its Landlords are on-going and, consequently, certain waivers of pre-petition rent obligations are expected but not yet fully quantified.  Debtors will include these reductions as "payments" against corresponding unsecured rents once these amounts are agreed and quantified.

 

 

 

 

    Monthly Operating Report
CASE NAME: Tuesday Morning Corporation, et al. CASH BASIS-4A
   
CASE NUMBER: 20-31476 (Jointly Administered)  

 

    MONTH: October

 

ACCOUNTS RECEIVABLE AGING                    
    SCHEDULE
AMOUNT		    MONTH    MONTH    MONTH 
1.  0 - 30                    
2.  31 - 60    See Note 1 Below  
3.  61 - 90                    
4.  91 +                    
5.  TOTAL ACCOUNTS RECEIVABLE  $-   $-   $-   $- 
6.  AMOUNT CONSIDERED UNCOLLECTIBLE                    
7.  ACCOUNTS RECEIVABLE (NET)  $-   $-   $-   $- 

 

AGING OF POSTPETITION TAXES                
AND PAYABLES                
    0 - 30  31-60   90+   Total 
    DAYS  DAYS   DAYS     
TAXES PAYABLE                   
1.  FEDERAL                $- 
2.  STATE                $- 
3.  LOCAL                $- 
4.  OTHER (ATTACH LIST)                $- 
5.  TOTAL TAXES PAYABLE $ -  $-   $-   $- 
                    
6.  ACCOUNTS PAYABLE $ 20,661,734  $-   $-   $20,661,734 

 

STATUS OF POSTPETITION TAXES                    
    BEGINNING    AMOUNT         ENDING 
    TAX    WITHHELD    AMOUNT    TAX 
FEDERAL    LIABILITY      OR ACCRUED      PAID      LIABILITY  
1.  WITHHOLDING                 $- 
2.  FICA-EMPLOYEE                 $- 
3.  FICA-EMPLOYER                 $- 
4.  UNEMPLOYMENT                 $- 
5.  INCOME                 $- 
6.  OTHER (ATTACH LIST)                 $- 
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 & LOCAL  $-   $-   $-   $- 
16.  TOTAL TAXES  $-   $-   $-   $- 

 

NOTE:  The Debtors were granted authority under their Tax Order [Dkt 97] to pay certain pre-petition taxes in the ordinary course of business.  To the best of Debtors' information and belief, Debtors are current and remain current in their payment of all taxes included in the tables above.

 

1  Debtors' sales are conducted in real-time in-store.  The Debtors do not offer credit to customers and therefore do not have material Accounts Receivable at any time.  A/R listed relates primarily to reimbursements due from landlords for tenant improvement allowances authorized under certain real property leases

 

 

 

 

    Monthly Operating Report
CASE NAME: Tuesday Morning Corporation, et al. CASH BASIS-5
   
CASE NUMBER: 20-31476 (Jointly Administered)  

 

        MONTH: October
           
PAYMENTS TO INSIDERS AND PROFESSIONALS        
           
INSIDERS    
NAME TYPE OF PAYMENT AMOUNT PAID TTL PD TO DATE    
[***] [***] [***] [***]    
[***] [***] [***] [***]    
SEE CERTIFICATION 1 BELOW    
[***] [***] [***] [***]    
[***] [***] [***] [***]    
TOTAL PAYMENTS TO INSIDERS [***] [***]    

 

PROFESSIONALS
   DATE OF COURT ORDER  AMOUNT   AMOUNT   TTL PAID   TOTAL INCURRED 
NAME  AUTHORIZING PAYMENT  APPROVED   PAID   TO DATE   & UNPAID 
1.   Haynes & Boone          $412,384   $1,712,292   $1,162,646 
2.   Squire Patton Boggs           34,790    49,043    6,957 
3.   AlixPartners           884,120    2,550,359    2,605,441 
4.   Stifel / Miller Buckfire           324,733    914,048    660,952 
5.   Vinson & Elkins           -    1,203,158    116,926 
6.   Berkley Research Group           141,958    632,600    127,223 
7.   Montgomery McCracken Walker & Rhoads           263,387    845,656    639,344 
8.   BDO           222,393    820,738    468,762 
9.   Munsch Hardt           67,879    179,314    111,186 
10. Great American Group  Dkt 197 - 6/9/2020        -    1,995,889    - 
11. A&G Realty Partners  Dkt 139 - 6/2/2020        -    1,728,308    - 
12. Epiq Systems  Dkt 100 - 5/29/2020        116,631    854,281    110,000 
13. Merrill Communications           7,689    22,983    - 
14. Willkie Farr & Gallagher           489    292,888    - 
15. Pachulski Stang Ziehl & Jones           -    -    250,000 
16  PJ Solomon           -    -    177,000 
TOTAL PAYMENTS TO PROFESSIONALS     $-   $2,476,452   $13,801,557   $6,436,436 

 

POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS
         

  SCHEDULED AMOUNTS TOTAL
  MONTHLY PAID UNPAID
NAME OF CREDITOR PAYMENTS DURING POST-
  DUE MONTH PETITION
[***] [***] [***] [***]
[***] [***] [***] [***]
SEE CERTIFICATION 2 BELOW
[***] [***] [***] [***]
[***] [***] [***] [***]
6. TOTAL [***] [***] [***]

 

CERTIFICATION 1 - PAYMENTS TO INSIDERS      
         
I, STACIE SHIRLEY, hereby certify that only customary wages have been paid to insiders during this reporting period.
There have been no bonuses, loans or other amounts paid aside from ordinary course compensation
         
CERTIFICATION 2 - POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE & ADEQUATE PROTECTION PAYMENTS
         
I, STACIE SHIRLEY, hereby certify that to the best of my knowledge Debtors are current on any and all Post-Petition amounts due on account of Secured Notes, Leases Payable and Adequate Protection Payments

 

 

 

 

 

    Monthly Operating Report
CASE NAME: Tuesday Morning Corporation, et al. CASH BASIS-6
    2020
CASE NUMBER: 20-31476 (Jointly Administered)  

  

    MONTH:             October

 

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 POSTPETITION RECEIVABLES (ACCOUNTS, NOTES OR
LOANS) DUE FROM RELATED PARTIES?		   X
4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES
THIS REPORTING PERIOD?		 Y
See Note 1		  
5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE
DEBTOR FROM ANY PARTY?		 Y
See Note 2		  
6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE?   X
7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES
PAST DUE?		   X
8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE?   X
9. ARE ANY OTHER POSTPETITION TAXES PAST DUE?   X
10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS
DELINQUENT?		   X
11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE
REPORTING PERIOD?		 Y
See Note 3		  
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.

 

Note 1: Debtors have made certain payments on Pre-Petition items only where authorized under and in compliance with various orders of the Court including Insurance [dkt 108], Taxes [dkt 97], Wages [dkt 69], Cash Management [dkt 68], Trade [dkt 330].  These disbursements are included on relevant pages within this Monthly Operating Report.

 

Note 2: Debtors have received Post-Petition Financing in accordance with their Motion to Obtain Post-Petition Financing [dkt 19 and dkt 90] and the Interim and Final Orders, thereto [dkt 67 and dkt 331, respectively] These disbursements are included on relevant pages within this Monthly Operating Report.

 

Note 3: Debtors have made certain payments on Pre-Petition Taxes only where authorized under and in compliance with related orders of the Court with respect to Tax obligations [dkt 97] These disbursements are included on relevant pages within this Monthly Operating Report.          

 

INSURANCE              
                YES NO
1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER
NECESSARY INSURANCE COVERAGES IN EFFECT?		 X  
2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X  
3. PLEASE ITEMIZE POLICIES BELOW See Note 3  

 

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.  

 

Note 3:  Please refer to Debtors' Insurance Motion [dkt 11] for details of all of Debtors' Insurance Policies.
                   
INSTALLMENT PAYMENTS              
TYPE OF     PERIOD PAYMENT AMOUNT
POLICY CARRIER COVERED & FREQUENCY
             
             
SEE NOTE 3 ABOVE