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REORGANIZATION ITEMS, NET
 9 Months Ended
Sep. 30, 2014
REORGANIZATION ITEMS, NET  
REORGANIZATION ITEMS, NET

20 — REORGANIZATION ITEMS, NET

 

Reorganization items, net represent amounts incurred and recovered subsequent to the bankruptcy filing as a direct result of the filing of the Chapter 11 Cases and are comprised of the following:

 

 

 

Successor

 

Predecessor

 

 

 

Period from July 9,
2014 to September
30, 2014

 

Period from
July 1 to July 9,
2014

 

Period from
January 1 to July
9,
2014

 

Professional fees incurred

 

$
857

 

$
15,126

 

$
34,981

 

Trustee fees incurred

 
310

 

—

 
251

 

Total reorganization fees

 

$
1,167

 

$
15,126

 

$
35,232

 

 

 

 

 

 

 

 

 

Gain on settlement of liabilities subject to compromise

 

$

—

 

$
(1,187,689

)

$
(1,187,689

)

Net gain on debt and equity discharge and issuance

 

—

 
(775,086

)
(775,086

)

Fresh-start reporting adjustments

 

—

 
1,045,376

 
1,045,376

 

Total fresh-start adjustment

 

$

—

 

$
(917,399

)

$
(917,399

)

 

 

 

 

 

 

 

 

Total reorganization items, net

 

$
1,167

 

$
(902,273

)

$
(882,167

)