The premiums for general liability and workers comp and currently due and there are no funds to pay the insurance. The payment due is approximately $18,000. The Debtor received a cancellation notice for all but the workers comp policy on July 28, 2010. In addition, the Trustee is exploring whether it is possible or feasible to procure “tail” coverage for the Debtor’s directors and officers policy. At present, however, there are no funds available to procure this coverage.
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