Cwt Liquidation Company Nfp

“The debtor is in the final stages of liquidating its assets and resolving open claims. The debtor no longer has a traditional board of directors; rather, the plan of liquidation provides for the appointment of a single plan administrator. The debtor does not expect to enter into any transactions that would present opportunities for potential conflicts of interest. Further, the plan administrator has the same requirement to avoid conflicts of interest as is expected of any debtor in bankruptcy. All material asset / liability settlements that may be undertaken by the plan administrator are subject to creditor review and consultation.”

“The clare at water tower ("the clare") filed for relief under chapter 11 of the federal bankruptcy laws on november 14, 2011. While under the control of the bankruptcy court, management decisions were subject to the approval of the bankruptcy court. While under control of the bankruptcy court, the clare executed the sale of certain assets and liabilities. The effective date of the sale was june 29, 2012. The clare continued to provide program services through the date of the sale. Effective july 1, 2012 deloitte financial advisory services, llp was appointed plan administrator for cwt liquidation company, nfp, to manage the transactions for the corporation during the wind-down of the bankruptcy proceedings.”

“The clare at water tower ("the clare") filed for relief under chapter 11 of the federal bankruptcy laws on november 14, 2011. While under the control of the bankruptcy court, management decisions were subject to the approval of the bankruptcy court. Effective july 1, 2012 deloitte financial advisory services, llp was appointed plan administrator for cwt liquidation company, nfp, to manage the transactions for the corporation during the wind-down of the bankruptcy proceedings. Therefore there was not a governing body and this question is not applicable, but has been answered "no" in accordance with the form 990 instructions.”

“The clare at water tower ("the clare") filed for relief under chapter 11 of the federal bankruptcy laws on november 14, 2011. While under the control of the bankruptcy court, management decisions were subject to the approval of the bankruptcy court. Effective july 1, 2012 deloitte financial advisory services, llp was appointed plan administrator for cwt liquidation company, nfp, to manage the transactions for the corporation during the wind-down of the bankruptcy proceedings. Therefore there was not a governing body or committees with authority to act on behalf of the governing body and this question is not applicable, but has been answered "no" in accordance with the form 990 instructions.”

“The plan administrator reviews a final draft of the completed form 990 prior to filing with the irs.”

“The user of this return may read further the duties of the plan administrator and its governance of the debtor in the order or the plan. Other applicable documents, including quarterly united states trustee reports are filed for on the court docket and available to the general public.”

“As set forth in the united states bankruptcy court northern district of illinois eastern division findings of fact, conclusions of law, and order confirming debtor's plan of reorganization under chapter 11 of the bankruptcy code (the "order"), and the debtor's fifth amended plan of reorganization under chapter 11 of the bankruptcy code (the "plan"), and as of the effective date of this order, the plan administrator (see form 990, part vi, section a, line 3) shall be responsible for the liquidation of the debtor's remaining assets, administration of the plan and the wind-down of the debtor and its estate post-effective date.”

“The plan administrator will act for the debtor in a fiduciary capacity as applicable to a board of directors and shall be responsible for the liquidation of the debtor's remaining assets, administration of the plan and wind-down of the debtor and its estate post-effective date, subject to the provisions of this plan. The plan administrator shall be deemed the debtors representative in accordance with bankruptcy code section 1123 and shall have all powers, authority and responsibilities specified in this plan, including, without limitation, the powers of a trustee under bankruptcy code sections 704 and 1106.”

“PROFESSIONAL FEES - Total Expense: 111945, Program Service Expense: , Management and General Expenses: 111945, Fundraising Expenses: ;”

“Release of third-party reserve funds collected by estate upon closing - 450000;”