Asyst Liquidation Trust Trustee Report
April 1, 2011 – June 30, 2011
Liquidation Trust Agreement Required Reporting (Article 3.4, section (p))
(i) The receipt and disposition by the Liquidation Trustee of property of the Estate or the Debtor during the prior quarter, including the disposition of funds in the Liquidation Trust, the Wind-Down Reserve and Distribution Fund.
The Asyst Liquidation Trust holds two accounts at Chase bank, a checking account and a savings account.
On April 1, 2011 the consolidated balance of the Asyst Liquidation Trust checking account and savings account
was $418,404.60 (please see Exhibit – A1).
The difference between the book balance and the bank balance is
due to outstanding checks. A detailed list of expenditures by the Trust during the period covered by this report
is set forth on Exhibit – D.
The total amount of receipts within the checking account during the months of April through June was $76,062.97. The savings account accrued $148.13 of interest during the months of
April through June.
Funds in the amount of $30,000 were transferred from the savings account to the checking account to fund expenditures.
As of June 31, 2011 the consolidated balance in the Asyst Liquidation Trust checking and savings account was $402,927.98 (please see Exhibit – A2).
The difference between the book balance and the bank balance is due to one outstanding check.
***Note*****
The above balance at Chase Bank is separate from the $18M dollars that the Bankruptcy Court has under protection.
AI
