UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
X | ||||||
In re: | : | Chapter 11 | ||||
: | ||||||
BB LIQUIDATING INC.,et al.1 | : | Case No: 10-14997 | ||||
: | ||||||
Debtors. | : | Jointly Administered | ||||
X |
Monthly Operating Report For
September 2011
DEBTORS’ ADDRESS: | 2100 Ross Avenue, 21st Floor Dallas, Texas 75201 | |
DEBTORS’ ATTORNEYS: | Stephen Karotkin | |
WEIL, GOTSHAL & MANGES LLP | ||
767 Fifth Avenue | ||
New York, New York 10153 | ||
Telephone: (212) 310-8000 | ||
Facsimile: (212) 310-8007 | ||
-and- | ||
Martin A. Sosland (admitted pro hac vice) | ||
WEIL, GOTSHAL & MANGES LLP | ||
200 Crescent Court, Suite 300 | ||
Dallas, Texas 75201 | ||
Telephone: (214) 746-7700 | ||
Facsimile: (214) 746-7777 |
This Monthly Operating Report (“MOR”) has been prepared solely for the purpose of complying with the monthly reporting requirements applicable in these chapter 11 cases and is in a format acceptable to the United States Trustee. The financial information contained herein is limited in scope and covers a limited time period. Moreover, such information is preliminary and unaudited, and is not prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States.
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.
/s/ Bruce Lewis | 11/1/2011 | |||
Bruce Lewis | ||||
Principal Executive Officer | ||||
BB Liquidating Inc. |
1 The Debtors, together with the last four digits of each Debtor’s federal tax identification number, are: BB Liquidating Inc. (5102); BB Liquidating Canada Inc. (1269); BB Liquidating Digital Technologies Inc. (9222); BB Liquidating Distribution, Inc. (0610); BB Liquidating GC, Inc. (1855); BB Liquidating Global Services Inc. (3019); BB Liquidating International Spain Inc. (7615); BB Liquidating Investments LLC (6313); BB Liquidating Procurement LP (2546); BB Liquidating Video Italy, Inc (5068); BB Liquidating ML, LLC (5575); BB Liquidating Trading Zone Inc. (8588); and BB Liquidating B2 LLC (5219).
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
In re | BB LIQUIDATING INC., et al. | Case No. | 10-14997 | |||||
Debtor | Reporting Period: | September 2011 | ||||||
Federal Tax I.D. # | 52-1655102 |
CORPORATE MONTHLY OPERATING REPORT
August 2011
REQUIRED DOCUMENTS | Form No. | Document Attached | Explanation Attached | |||
Schedule of Cash Receipts and Disbursements | MOR-1 | x | ||||
Bank Reconciliation (or copies of debtor’s bank reconciliations) | MOR-1 (CON’T) | x | ||||
Copies of bank statements | MOR-1 (CON’T) | x | ||||
Cash disbursements journals | MOR-1 (CON’T) | x | ||||
Statement of Operations | MOR-2 | x | ||||
Balance Sheet | MOR-3 | x | ||||
Status of Post-petition Taxes | MOR-4 | x | ||||
Copies of IRS Form 6123 or payment receipt | not applicable | |||||
Copies of tax returns filed during reporting period | not applicable | |||||
Summary of Unpaid Post-petition Debts | MOR-4 | x | ||||
Listing of Aged Accounts Payable | x | |||||
Accounts Receivable Reconciliation and Aging | MOR-5 | x | ||||
Taxes Reconciliation and Aging | MOR-5 | x | ||||
Payments to Insiders and Professionals | MOR-6 | x | ||||
Post Petition Status of Secured Notes, Leases Payable | MOR-6 | x | ||||
Debtor Questionnaire | MOR-7 | x |
FORM MOR
Page 2 of 11
In re | BB LIQUIDATING INC., et al. | Case No. | 10-14997 | |||||
Debtor | Reporting Period: | September 2011 |
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
(in millions)
September 2011 | YTD September 2011 | |||||||
Cash flows from operating activities: | ||||||||
Net income (loss) | $ | (0.8 | ) | $ | (200.4 | ) | ||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||||
Depreciation and intangible amortization | — | 39.4 | ||||||
Rental library purchases | — | (66.7 | ) | |||||
Rental library amortization | — | 113.3 | ||||||
Loss on sale/disposal of store operations | — | — | ||||||
Impairment of long-lived assets | — | 0.6 | ||||||
Non-cash share-based compensation | — | — | ||||||
Gain on sale of store operations | — | — | ||||||
Deferred taxes and other | — | 2.1 | ||||||
Changes in operating assets and liabilities: | — | |||||||
Change in receivables | — | 13.1 | ||||||
Change in merchandise inventories | — | 44.2 | ||||||
Change in prepaid and other assets | — | 27.8 | ||||||
Change in liabilities subject to compromise | (0.8 | ) | 229.5 | |||||
Change in accounts payable | — | (139.7 | ) | |||||
Change in accrued expenses and other liabilities | (1.7 | ) | (125.9 | ) | ||||
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Net cash provided by (used in) operating activities | (3.3 | ) | (62.7 | ) | ||||
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Cash flows from investing activities: | ||||||||
Capital expenditures | — | (5.1 | ) | |||||
Change in reserve for Operating Period claims | (4.0 | ) | 28.1 | |||||
Proceeds from sale of store operations | — | — | ||||||
Other investing activities | — | 3.4 | ||||||
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Net cash provided by (used in) investing activities | (4.0 | ) | 26.4 | |||||
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Cash flows from sale of assets to DISH Network: | ||||||||
Loss on Sale | — | (582.8 | ) | |||||
Change in rental library on sale | — | 143.4 | ||||||
Change in merchandise inventories on sale | — | 56.2 | ||||||
Change in receivables on sale | — | 53.3 | ||||||
Change in prepaid and other assets on sale | — | 382.2 | ||||||
Change in fixed assets on sale | — | 87.2 | ||||||
Change in restricted cash on sale | — | — | ||||||
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| |||||
Net cash provided by sale to Dish Network | 0.0 | 139.5 | ||||||
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Cash flows from financing activities: | ||||||||
Proceeds from DIP Financing | — | — | ||||||
Repayments on DIP Financing | — | — | ||||||
Repayments on senior secured notes | — | (124.6 | ) | |||||
Debt financing costs | — | — | ||||||
Capital lease payments | — | (0.8 | ) | |||||
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Net cash provided by (used in) financing activities | 0.0 | (125.4 | ) | |||||
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Effect of exchange rate changes on cash | — | — | ||||||
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Net (decrease) increase in cash and cash equivalents | (7.3 | ) | (22.2 | ) | ||||
Cash and cash equivalents at beginning of period | 51.3 | 66.2 | ||||||
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Cash and cash equivalents at end of period | $ | 44.0 | $ | 44.0 | ||||
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FORM MOR-1
Page 3 of 11
In re | BB LIQUIDATING INC., et al. | Case No. | 10-14997 | |||||
Debtor | Reporting Period: | September 2011 |
BANK RECONCILIATIONS
Continuation Sheet for MOR-1
GL# | Bank Name | Bank Balance | Deposits & Transfers in Transit | Outstanding checks | Other Reconciling Items | GL Balance | ||||||||||||||||
Cash | Bank of America | $ | 45,493,637 | $ | — | $ | (1,464,677 | ) | $ | — | $ | 44,028,960 | ||||||||||
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Total Cash & Cash Equivalents | $ | 45,493,637 | $ | — | $ | (1,464,677 | ) | $ | — | $ | 44,028,960 | |||||||||||
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Bank of America | ||||||||||||
Dallas, Texas | Statement date: | 9/30/2011 | ||||||||||
Statement Period | 09/01/2011 - 09/30/2011 | Statement Beginning Balance | 51,682,734.27 | |||||||||
Number of Deposits / Credits | 0 | Amount of Deposits / Credits | — | |||||||||
Number of Checks | 162 | Amount of Checks | 2,038,705.07 | |||||||||
Number of Other Debits | 5 | Amount of Other Debits | 4,150,392.14 | |||||||||
Statement Ending Balance | 45,493,637.06 |
FORM MOR-1 (CONT.)
Page 4 of 11
In re | BB LIQUIDATING INC., et al. | Case No. | 10-14997 | |||||
Debtor | Reporting Period: | September 2011 |
SCHEDULE OF CASH DISBURSEMENTS
(in millions)
Continuation Sheet for MOR-1
September 2011 | ||||||||||||
Cash Balance as of 8/31/11 | $ | 51,317,343 | ||||||||||
Cash disbursements during the period: | ||||||||||||
April professional fees (as shown on MOR 6): | ||||||||||||
Pricewaterhouse Coopers | (60,000 | ) | ||||||||||
Kurtzman Carson Consultants | (60,606 | ) | ||||||||||
Sidley Austin | (17,266 | ) | ||||||||||
Alvarez & Marsal | (146,012 | ) | ||||||||||
Weil Gotshal | (197,342 | ) | ||||||||||
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| |||||||||||
Total April professional fees | (481,226 | ) | ||||||||||
Transfer to reserve for Operating Period claims | (4,000,000 | ) | ||||||||||
Contract labor: | ||||||||||||
Legal | (4,285 | ) | ||||||||||
Claims administration | (11,875 | ) | ||||||||||
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Total contract labor | (16,160 | ) | ||||||||||
Payments for Administrative Priority Expenses | (758,723 | ) | ||||||||||
Pyaments for insurance | (200,000 | ) | ||||||||||
Payments for property taxes | (1,747,573 | ) | ||||||||||
Payments for miscellaneous G&A | (84,701 | ) | ||||||||||
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Total cash disbursements during the period | (7,288,383 | ) | ||||||||||
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Cash Balance as of 9/30/11 | $ | 44,028,960 | ||||||||||
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FORM MOR-1 (Cont - disbursements)
Page 5 of 11
In re | BB LIQUIDATING INC., et al. | Case No. | 10-14997 | |||||
Debtor | Reporting Period: | September 2011 |
STATEMENT OF OPERATIONS(Income Statement)
(in millions)
September 2011 | YTD September 2011 | |||||||
Revenues: | ||||||||
Base rental revenues | $ | — | $ | 303.5 | ||||
Previously rented product (“PRP”) revenues | — | 140.2 | ||||||
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Total rental revenues | — | 443.7 | ||||||
Merchandise sales | — | 63.0 | ||||||
Other revenues | — | 12.6 | ||||||
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Total Revenue | — | 519.3 | ||||||
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Cost of sales: | ||||||||
Cost of rental revenues | — | 175.9 | ||||||
Cost of merchandise sold | — | 68.7 | ||||||
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Total cost of sales | — | 244.6 | ||||||
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Gross profit | — | 274.7 | ||||||
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Operating expenses: | ||||||||
General and administrative | 0.8 | 459.9 | ||||||
Advertising | — | 5.5 | ||||||
Depreciation and intangible amortization | — | 39.4 | ||||||
Impairment of goodwill and other long-lived assets | — | 0.6 | ||||||
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Total Operating Expenses | 0.8 | 505.4 | ||||||
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Operating income (loss) | (0.8 | ) | (230.7 | ) | ||||
Interest expense | — | 0.6 | ||||||
Interest income | — | (0.1 | ) | |||||
Other items, net | — | (1.4 | ) | |||||
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Income (loss) from continuing operations before reorganization items and income taxes | (0.8 | ) | (231.6 | ) | ||||
Reorganization items, net (income)/loss | — | (46.9 | ) | |||||
(Benefit)/provision for income taxes | — | 1.0 | ||||||
Equity in (income)/loss of non-debtor subsidiaries | — | 14.7 | ||||||
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Income (loss) from continuing operations | (0.8 | ) | (200.4 | ) | ||||
(Loss) from sale of assets to DISH Network | — | (582.8 | ) | |||||
Income (loss) from discontinued operations, net of tax | — | — | ||||||
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Net income (loss) | (0.8 | ) | (783.2 | ) | ||||
Preferred stock dividends | — | — | ||||||
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Net income (loss) applicable to common stockholders | $ | (0.8 | ) | $ | (783.2 | ) | ||
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FORM MOR-2
Page 6 of 11
In re | BB LIQUIDATING INC., et al. | Case No. | 10-14997 | |||||
Debtor | Reporting Period: | September 2011 |
BALANCE SHEET
(in millions)
As of 9/30/2011 | ||||
Assets | ||||
Current assets: | ||||
Cash and cash equivalents | $ | 44.0 | ||
Reserve for Operating Period claims | 7.5 | |||
Merchandise inventories | — | |||
Rental library, net | — | |||
Prepaid and other current assets | — | |||
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Total current assets | 51.5 | |||
Property and equipment, net | — | |||
Deferred income taxes | — | |||
Investment in non-debtor subsidiaries | — | |||
Intangibles, net | — | |||
Restricted cash | — | |||
Other assets | — | |||
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Total Assets | $ | 51.5 | ||
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Liabilities and Stockholders’ Equity (Deficit) | ||||
Current liabilities: | ||||
Accounts payable | $ | 3.7 | ||
Accrued expenses | 3.3 | |||
Debtor-in-possession loan | — | |||
Deferred income taxes | — | |||
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Total current liabilities | 7.0 | |||
Other liabilities | — | |||
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Total Liabilities before LSTC | 7.0 | |||
Liabilities subject to compromise | 1,354.0 | |||
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Total Liabilities | 1,361.0 | |||
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Total stockholders’ equity (deficit) | (1,309.5 | ) | ||
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Total Liabilities and Stockholders’ Equity (Deficit) | $ | 51.5 | ||
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FORM MOR-3
Page 7 of 11
In re | BB LIQUIDATING INC., et al. | Case No. | 10-14997 | |||||
Debtor | Reporting Period: | September 2011 |
STATUS OF POST-PETITION TAXES
Federal | Beginning Tax | Amount Withheld and/or Accrued | Amount Paid | Ending Tax | ||||||||||||
Withholding | $ | — | $ | — | $ | — | $ | — | ||||||||
FICA-Employee | — | — | — | — | ||||||||||||
FICA-Employer | — | — | — | — | ||||||||||||
Unemployment | — | — | — | — | ||||||||||||
Income | — | — | — | — | ||||||||||||
Other: | — | — | ||||||||||||||
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Total Federal Taxes | — | — | — | — | ||||||||||||
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State and Local | ||||||||||||||||
Withholding | — | — | — | — | ||||||||||||
Sales | — | — | — | — | ||||||||||||
Excise | — | — | ||||||||||||||
Unemployment | — | — | — | — | ||||||||||||
Real Property* | — | — | — | — | ||||||||||||
Personal Property* | 5,036,778 | — | (1,747,573 | ) | 3,289,205 | |||||||||||
Other: Income/Franchise | — | — | — | — | ||||||||||||
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Total State and Local | 5,036,778 | — | (1,747,573 | ) | 3,289,205 | |||||||||||
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Total Taxes | $ | 5,036,778 | $ | — | $ | (1,747,573 | ) | $ | 3,289,205 | |||||||
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SUMMARY OF UNPAID POST-PETITION DEBTS
Attach aged listing of accounts payable.
Number of Days Past Due | ||||||||||||||||||||||||
DESCRIPTION | Current | 0-30 | 31-60 | 61-90 | Over 91 | Total | ||||||||||||||||||
AP - Product | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
AP - Legal & Professional Fees | 3,761,323 | — | — | — | — | 3,761,323 | ||||||||||||||||||
AP - Other | — | — | — | — | — | — | ||||||||||||||||||
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TOTAL POST-PETITION DEBTS | $ | 3,761,323 | $ | — | $ | — | $ | — | $ | — | $ | 3,761,323 | ||||||||||||
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* | The Real Property and Personal Property taxes are considered “postpetition” based off of when the payment is assessed by the taxing authority. |
The detail of the AP - Legal and Professional Fees can be seen on MOR-6. The bar date of 6/15/11 for administrative claims required all other AP to be reclassified to liabilities subject to compromise.
The Debtors did not file Form 6123 during this period. The debtor did file a consoldiated Form 1120 US Corporation Income Tax Return on 9/15/11.
FORM MOR-4
Page 8 of 11
In re | BB LIQUIDATING INC., et al. | Case No. | 10-14997 | |||||
Debtor | Reporting Period: | September 2011 |
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
Accounts Receivable Reconciliation | Amount | |||
Total Accounts Receivable at the beginning of the reporting period | $ | — | ||
Plus: Amounts billed during the period | — | |||
Less: Amounts collected during the period | — | |||
Less: Amounts written off during the period | — | |||
Less: Amounts reserved during the period | — | |||
Change in store accounts receivable, net | — | |||
Accounts Receivables sold to DISH Network | — | |||
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Total Accounts Receivable at the end of the reporting period | $ | — | ||
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Accounts Receivable Aging | 9/30/2011 | |||
0 - 30 days old | $ | — | ||
31 - 60 days old | — | |||
61 - 90 days old | — | |||
91 - 120 days old | — | |||
121+ days old | — | |||
Total Aged Accounts Receivable | — | |||
Store Accounts Receivable | — | |||
Total Accounts Receivable | — | |||
Less: Bad Debts (Amount considered uncollectible) | — | |||
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Net Accounts Receivable*** | $ | — | ||
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TAXES RECONCILIATION AND AGING
Taxes Payable | Current | 1-30 Days | 31-60 Days | 61-90 Days | 91+ Days | Total | ||||||||||||||||||
Federal | $ | — | $ | — | $ | — | ||||||||||||||||||
State and Local | — | — | ||||||||||||||||||||||
Other | 3,289,205 | — | 3,289,205 | |||||||||||||||||||||
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Total Taxes Payable | $ | 3,289,205 | $ | — | $ | — | $ | — | $ | — | $ | 3,289,205 | ||||||||||||
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FORM MOR-5
Page 9 of 11
In re | BB LIQUIDATING INC., et al. | Case No. | 10-14997 | |||||
Debtor | Reporting Period: | September 2011 |
PAYMENTS TO INSIDERS AND PROFESSIONALS
INSIDERS | ||||||
NAME | TYPE OF PAYMENT | AMOUNT PAID | TOTAL PAID TO DATE | |||
(1) NONE | ||||||
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TOTAL PAYMENTS TO INSIDERS | ||||||
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(1) | No payments other than ordinary wages and benefits occurred during the reporting period. |
PROFESSIONALS | ||||||||||||||||||||
NAME | DATE OF COURT ORDER AUTHORIZING PAYMENT | AMOUNT APPROVED | AMOUNT PAID September 2011 | TOTAL PAID TO DATE | TOTAL INCURRED & UNPAID* | |||||||||||||||
SIDLEY AUSTIN | 9/27/2010 | $ | 3,544,061 | $ | 17,266 | $ | 3,544,061 | $ | — | |||||||||||
JEFFERIES & COMPANY INC (1) | 9/27/2010 | 1,550,496 | — | 1,550,496 | — | |||||||||||||||
ALVAREZ & MARSAL NORTH AMERICA | 10/27/2010 | 5,213,678 | 146,012 | 5,113,678 | 100,000 | |||||||||||||||
ROTHSCHILD INC (3) | 11/2/2010 | 3,105,644 | — | 2,934,810 | 170,834 | |||||||||||||||
KURTZMAN CARSON CONSULTANTS | 9/23/2010 | 4,130,015 | 60,606 | 4,055,015 | 75,000 | |||||||||||||||
DJM ASSET MANAGEMENT | 11/23/2010 | 150,000 | — | 150,000 | — | |||||||||||||||
RETAIL REGROUP | 11/23/2010 | 150,000 | — | 150,000 | — | |||||||||||||||
DELOITTE TAX | 11/9/2010 | 583,711 | — | 467,248 | 116,463 | |||||||||||||||
SKADDEN ARPS SLATE MEAGHER & FLOM | 9/27/2010 | 211,440 | — | 211,440 | — | |||||||||||||||
KORN/FERRY | 11/10/2010 | 142,132 | — | 142,132 | — | |||||||||||||||
COOLEY GODWARD KRONISH LLP (2) | 11/23/2010 | 2,769,127 | — | 2,135,483 | 633,644 | |||||||||||||||
FTI CONSULTING (2) | 12/2/2010 | 909,331 | — | 718,563 | 190,768 | |||||||||||||||
BLOODWORTH CARROLL & BANOWSKY PC (3) | 11/23/2010 | 164,395 | — | 131,516 | 32,879 | |||||||||||||||
RAY & GLICK | 11/23/2010 | 959,250 | — | 767,400 | 191,850 | |||||||||||||||
CHAIKEN LEGAL GROUP PC (3) | 11/23/2010 | 350,055 | — | 280,044 | 70,011 | |||||||||||||||
SHEPPARD | 9/27/2010 | 327,327 | — | 327,327 | — | |||||||||||||||
WEIL, GOTSHAL & MANGES (3) | 10/27/2010 | 7,606,343 | 197,342 | 5,946,779 | 1,659,564 | |||||||||||||||
PRICEWATERHOUSE COOPERS (3) | 2/8/2011 | 1,811,368 | 60,000 | 1,474,506 | 336,862 | |||||||||||||||
DELOITTE FINANCIAL ADVISORY (3) | 2/8/2011 | 363,993 | — | 288,837 | 75,156 | |||||||||||||||
ERNST & YOUNG (3) | 4/4/2011 | 524,806 | — | 416,514 | 108,292 | |||||||||||||||
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TOTAL PAYMENTS TO PROFESSIONALS | $ | 34,567,172 | $ | 481,226 | $ | 30,805,849 | $ | 3,761,323 | ||||||||||||
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* | INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED |
(1) | Fees paid pursuant to the DIP Financing Order for professionals of the DIP lenders and DIP Agent. |
(2) | Fees for professionals retained to represent Unsecured Creditors’ Committee |
(3) | Fees for professionals retained to represent BB Liquidating Inc. |
POST-PETITION STATUS OF SECURED NOTES, LEASES PAYABLE
AND ADEQUATE PROTECTION PAYMENTS
NAME OF CREDITOR | SCHEDULED MONTHLY PAYMENT DUE | AMOUNT PAID DURING MONTH | TOTAL UNPAID POST- PETITION | |||||||||
DIP Financing | $ | — | $ | — | $ | — | ||||||
DIP Interest | — | — | ||||||||||
Leases Payable | — | — | — | |||||||||
Adequate Assurance Payments - Utilities | — | — | — | |||||||||
Adequate Assurance Payments - Insurance | — | — | — | |||||||||
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TOTAL PAYMENTS | $ | — | ||||||||||
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FORM MOR-6
Page 10 of 11
In re | BB LIQUIDATING INC., et al. | Case No. | 10-14997 | |||||
Debtor | Reporting Period: | September 2011 |
DEBTOR QUESTIONNAIRE
Must be completed each month. If the answer to any of the questions is “Yes”, provide a detailed explanation of each item. Attach additional sheets if necessary. | Yes | No | ||||
1 | Have any assets been sold or transferred outside the normal course of business this reporting period? | X | ||||
2 | Have any funds been disbursed from any account other than a debtor in possession account this reporting period? | X | ||||
3 | Is the Debtor delinquent in the timely filing of any post-petition tax returns? | X | ||||
4 | Are workers compensation, general liability or other necessary insurance coverage expired or cancelled, or has the debtor received notice of expiration or cancellation of such policies? | X | ||||
5 | Is the Debtor delinquent in paying any insurance premium payment? | X | ||||
6 | Have any payments been made on pre-petition liabilities this reporting period? | X | ||||
7 | Are any post petition receivables (accounts, notes or loans) due from related parties? | X | ||||
8 | Are any post petition payroll taxes past due? | X | ||||
9 | Are any post petition State or Federal income taxes past due? | X | ||||
10 | Are any post petition real estate taxes past due? | X | ||||
11 | Are any other post petition taxes past due? | X | ||||
12 | Have any pre-petition taxes been paid during this reporting period? | X | ||||
13 | Are any amounts owed to post petition creditors delinquent? | X | ||||
14 | Are any wage payments past due? | X | ||||
15 | Have any post petition loans been received by the Debtor from any party? | X | ||||
16 | Is the Debtor delinquent in paying any U.S. Trustee fees? | X | ||||
17 | Is the Debtor delinquent with any court ordered payments to attorneys or other professionals? | X | ||||
18 | Have the owners or shareholders received any compensation outside of the normal course of business? | X | ||||
4 | The Debtors have only one employee and are not required to maintain workers compensation insurance. The Debtors have received notice that the prior workers compensation insurance has been cancelled. |
FORM MOR-7
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