XML 25 R10.htm IDEA: XBRL DOCUMENT v2.3.0.15
Debtor In Possession Financial Information
9 Months Ended
Sep. 30, 2011
Debtor In Possession Financial Information [Abstract] 
Debtor In Possession Financial Information

(2) Debtor in Possession Financial Information

Liabilities Subject to Compromise

As required by ASC Topic 852, Reorganizations, the amount of the Liabilities Subject to Compromise represents our estimate of known or potential pre-petition and post-petition claims to be addressed in connection with the Bankruptcy Filing. Such claims are subject to future adjustments. Adjustments may result from, among other things, negotiations with creditors, rejection of executory contracts and orders of the Bankruptcy Court. The Liabilities subject to compromise in the Consolidated Balance Sheet consists of the following:

 

     September 30, 2011      December 31, 2010  

Accrued interest payable

    $ 68,123       $ 68,091   

Other

      17,176         4,951   

Senior unsecured notes

      1,222,189         1,222,189   

Directly-issued Subordinated capital securities

      400,000         400,000   
  

 

 

     

 

 

  

Consolidated liabilities subject to compromise

      1,707,488         1,695.231   

Payable to non-debtor subsidiaries

      916         1,657   
  

 

 

     

 

 

  

Debtor's Liabilities subject to compromise

    $ 1,708,404       $ 1,696,888   
  

 

 

     

 

 

  

Reorganization Items, net

Professional advisory fees and other costs directly associated with our reorganization are reported separately as reorganization items pursuant to ASC Topic 852. Reorganization items also include adjustments to reflect the carrying value of certain pre-petition liabilities at their estimated allowable claim amounts. The reorganization items in the Consolidated Statement of Operations for the three and nine months ended September 30, 2011, consisted of the following items:

 

     Three months  ended
September 30, 2011		      Nine months  ended
September 30, 2011		  

U.S. Trustee fees

    $ 13       $ 31   

Professional fees

      8,506         25,724   

Office lease settlement

      —           14,007   

Other

      —           32   
  

 

 

     

 

 

  

Total reorganization items

    $ 8,519       $ 39,794   
  

 

 

     

 

 

  

Refer to Note 1 to the Unaudited Consolidated Financial Statements for further discussion of the office lease settlement.