Post Confirmation Creditor Trusteeships and Administration

Developing Cash Based Budgets and Control Procedures

• Determine staffing plan
• Assess office space and document retention requirements
• Obtain fee estimates from professionals
• Compare budget to actual
• Estimate timing and amount of distributions
• Inventory all bank accounts and develop cash disbursement procedures

• Federal, State and Local income and sales tax returns
• Monthly operating reports
• Distribution returns

• Work with state licensing bureaus and governmental entities
• Work with CT to finalize relevant paperwork and obtain final releases

• Evaluate need for employee benefit plans, computer or office equipment

• Develop and test data storage and retrieval procedure
• Review all hardware and software leases and license agreement to determine timing and limits
• Inventory hardware for unique requirements or issues
• Identify outside storage location for back-up tapes
• Develop migration plan to simplified systems