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Full title: Chapter 11 Monthly Operating Report for Case Number 20-12815 for the Month Ending: 07/31/2021 Filed by Gorham Paper and Tissue, LLC. (Katona, Shanti) (Entered: 08/23/2021)

Document posted on Aug 22, 2021 in the bankruptcy, 13 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

White Mountain Tissue, LLC § Case No. 20-12815 § Address art 1: Cash Receipts and Disbursements Current Month Cumulative.Paid Current Month Cumulative Month Cumulative .Paid Current Month Cumulative Month Cumulative .All professional fees and expenses (debtor & committees) $0 $0 $0 $0art 6: Postpetition Taxes Current Month Cumulative .

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UNITED STATES BANKRUPTCY COURT For The DISTRICT OF Delaware n Re.White Mountain Tissue, LLC § Case No. 20-12815 § § Lead Case No. 20-12814 Debtor(s) § Jointly Administered onthly Operating Report Chapter 11 eporting Period Ended: 07/31/2021 Petition Date: 11/04/2020 onths Pending:9 Industry Classification: 3 2 2 1 eporting Method: Accrual Basis Cash Basis ebtor's Full-Time Employees (current): 0 ebtor's Full-Time Employees (as of date of order for relief): 0upporting Documentation (check all that are attached): For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor)Statement of cash receipts and disbursements Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit Statement of operations (profit or loss statement) Accounts receivable aging Postpetition liabilities aging Statement of capital assets Schedule of payments to professionals Schedule of payments to insiders All bank statements and bank reconciliations for the reporting period Description of the assets sold or transferred and the terms of the sale or transfer/ Adam R. Prescott Adam R. Prescott, Esq. ignature of Responsible Party Printed Name of Responsible Party8/19/2021 Bernstein Shur Sawyer & Nelson, P.A. 100 Middle Street, P.O. Box 9729 ate Portland, ME 04104-5029 Address

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art 1: Cash Receipts and Disbursements Current Month Cumulative. Cash balance beginning of month $322,078 . Total receipts (net of transfers between accounts) $0 $4,100,838. Total disbursements (net of transfers between accounts) $250 $16,312. Cash balance end of month (a+b-c) $321,828 . Disbursements made by third party for the benefit of the estate $0 $0. Total disbursements for quarterly fee calculation (c+e) $250 $16,312art 2: Asset and Liability Status Current Month Not generally applicable to Individual Debtors. See Instructions.). Accounts receivable (total net of allowance) $15,858 . Accounts receivable over 90 days outstanding (net of allowance) $15,858. Inventory (Book Market Other (attach explanation)) $0 Total current assets $337,686 . Total assets $337,686 . Postpetition payables (excluding taxes) $35,496 . Postpetition payables past due (excluding taxes) $35,496 . Postpetition taxes payable $0 Postpetition taxes past due $0 Total postpetition debt (f+h) $35,496 . Prepetition secured debt $21,568,627 Prepetition priority debt $0 . Prepetition unsecured debt $15,851,845 . Total liabilities (debt) (j+k+l+m) $37,455,968 . Ending equity/net worth (e-n) $-37,118,282 art 3: Assets Sold or Transferred Current Month Cumulative . Total cash sales price for assets sold/transferred outside the ordinary course of business $0 $4,902,733 . Total payments to third parties incident to assets being sold/transferred outside the ordinary course of business $0 $2,880,462 . Net cash proceeds from assets sold/transferred outside the ordinary course of business (a-b) $0 $2,022,271 art 4: Income Statement (Statement of Operations) Current Month CumulativeNot generally applicable to Individual Debtors. See Instructions.). Gross income/sales (net of returns and allowances) $0 . Cost of goods sold (inclusive of depreciation, if applicable) $0. Gross profit (a-b) $0 . Selling expenses $0 . General and administrative expenses $4,408 . Other expenses $0 . Depreciation and/or amortization (not included in 4b) $0 . Interest $36,831 . Taxes (local, state, and federal) $0 . Reorganization items $0

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art 5: Professional Fees and Expenses Approved Approved Paid Current Paid Current Month Cumulative Month Cumulative . Debtor's professional fees & expenses (bankruptcy) Aggregate Total $0 $0 $0 $0Itemized Breakdown by Firm Firm Name Role i $0 $0 $0 $0 ii Approved Approved Paid Current Paid Current Month Cumulative Month Cumulative . Debtor's professional fees & expenses (nonbankruptcy) Aggregate Total $0 $0 $0 $0Itemized Breakdown by Firm Firm Name Role i $0 $0 $0 $0 ii . All professional fees and expenses (debtor & committees) $0 $0 $0 $0art 6: Postpetition Taxes Current Month Cumulative . Postpetition income taxes accrued (local, state, and federal) $0 $0. Postpetition income taxes paid (local, state, and federal) $0 $0. Postpetition employer payroll taxes accrued $0 $0 . Postpetition employer payroll taxes paid $0 $0 . Postpetition property taxes paid $0 $0 . Postpetition other taxes accrued (local, state, and federal) $0 $0. Postpetition other taxes paid (local, state, and federal) $0 $0art 7: Questionnaire - During this reporting period: . Were any payments made on prepetition debt? (if yes, see Instructions) Yes No. Were any payments made outside the ordinary course of business Yes Nowithout court approval? (if yes, see Instructions) . Were any payments made to or on behalf of insiders? Yes No. Are you current on postpetition tax return filings? Yes No. Are you current on postpetition estimated tax payments? Yes No. Were all trust fund taxes remitted on a current basis? Yes No. Was there any postpetition borrowing, other than trade credit? Yes No(if yes, see Instructions) . Were all payments made to or on behalf of professionals approved by Yes No N/Athe court? Do you have: Worker's compensation insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions)Casualty/property insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions)General liability insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions)

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. Has a disclosure statement been filed with the court? Yes NoAre you current with quarterly U.S. Trustee fees as Yes No set forth under 28 U.S.C. § 1930? art 8: Individual Chapter 11 Debtors (Only) . Gross income (receipts) from salary and wages $0 . Gross income (receipts) from self-employment $0 . Gross income from all other sources $0 . Total income in the reporting period (a+b+c) $0 . Payroll deductions $0 . Self-employment related expenses $0 . Living expenses $0 . All other expenses $0 . Total expenses in the reporting period (e+f+g+h) $0 . Difference between total income and total expenses (d-i) $0. List the total amount of all postpetition debts that are past due $0. Are you required to pay any Domestic Support Obligations as defined by 11 Yes NoU.S.C § 101(14A)? . If yes, have you made all Domestic Support Obligation payments? Yes No N/APrivacy Act Statement 8 U.S.C. § 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C. § 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28 .S.C. § 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor's progress hrough the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is eing prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information s needed to perform the trustee's or examiner's duties or to the appropriate federal, state, local, regulatory, tribal, or foreign aw enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be ade for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the xecutive Office for United States Trustee's systems of records notice, UST-001, "Bankruptcy Case Files and Associated ecords." See 71 Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: http://ww.justice.gov/ust/eo/rules_regulations/index.htm. Failure to provide this information could result in the dismissal or onversion of your bankruptcy case or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F). declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting ocumentation are true and correct and that I have been authorized to sign this report on behalf of the state. ayne Johnson Wayne Johnson ignature of Responsible Party Printed Name of Responsible PartyFO 08/19/2021 itle Date

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WMT DIP Closing ▌Profit and Loss Stateme Posting Date: From 07/01/21 To 07/31 Template: Chart of Acco Report Cycle: Annual Re Transaction Cross-Section by Posting Date Currenc Account Name Balance Year-to- Revenues Revenues - Revenues (901 Total Revenues (901 Cost of Sales Direct Material Direct Wages 35 Other Direct (2,692 Total Cost of Sales (2,335 Gross Profit (3,236 Expenses Fixed Wages (1,705.00) (14,303 Fixed Services (2,702.51) (196,581 Base Load (12,183 Fixed Mtc (139 Fixed Supplies Taxes - Property Taxes Insurance - Property Insurance Other Fxd Costs (375 Depr/Amort Non-Dir Trfr Cr - Non-Direct Transfer Credits Total Expenses (4,407.51) (223,582 Operating Profit (4,407.51) (226,818 Financing Total Financing Profit After Financing Expenses (4,407.51) (226,818 Other Revenues and Expenses Other Inc & Exp - Other Inc & Exp (36,830.95) (280 Total Other Revenues and Expenses (36,830.95) (280 Profit Period (41,238.46) (227,099 =================== ================

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WMT DIP Closing ▌Vendor Liabilities Aging - Overvi Age by: Due Date Aging Date: 07/31/21 Posting Date: From To 07/31/21 BP: From To Customer Group: All Curren BP Name Total Future Remit 0 - 30 31 - 60 61 - 90 91 - 120 ACI Converting (2,425.00) (2,42 Inc American Forest (7,684.00) (7,68 & Paper Association Alta Holliday (460.00) (46 Ankura Trust (96,250.00) (96,25 Company, LLC Ankura Trust (527,780.19) (527,78 Company, LLC Ankura Trust (35,496.36) (35,49 Company, LLC - GPT DIP ARI Logistics (13,994.00) (13,99 Beemac Trucking (13,130.00) (13,13 LLC Blind Industries & (102,626.76) (102,62 Services of Maryland Border Freight (14,250.00) (14,25 Transportation CT Lien Solutions (1,352.52) (1,35 Drummond (3,045.00) (3,04 Woodsum & MacMahon FIS IMPLANTI (49,598.56) (49,59 S.R.L. Garlock Printing & (6,672.94) (6,67 Converting Co. Global Tissue 1,319.49 1,3 Group, Inc Great Lakes (7,135.00) (7,13 Transport Solutions J.B. Hunt (2,128.00) (2,12 Transport, Inc. JOSH PACKAGING (3,964.96) (3,96 INC Logistic Dynamics, (5,300.00) (5,30 Inc. Milbank, LLP (7,884.92) (7,88 Page: 1/2 Printed By: SAP Business One Printed On: 14:15 08/17/21

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▌Vendor Liabilities Aging - Overvi Curren BP Name Total Future Remit 0 - 30 31 - 60 61 - 90 91 - 120 National Golden (1,369.44) (1,36 Tissue, Inc. OpenText GXS, (759.00) (75 Inc Patriarch Partners (423,511.99) (423,51 Agency Services, LLC Patriarch Partners (20,966.57) (20,96 LLC PrintPro Inc (1,300.00) (1,30 Select Product (203,421.01) (203,42 Holdings SPS Commerce (754.40) (75 UL Verificaton (3,500.00) (3,50 Services, Inc. Wensley & Jones, (8,466.36) (8,46 PLLC Western Express (53,750.00) (53,75 Inc 1 WorldSync, Inc. (5,000.00) (5,00 Total: $ -1,622,657.49 -1,622,65 Aging (%): % 100.00 % 10 Page: 2/2 Printed By: SAP Business One Printed On: 14:15 08/17/21

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WMT DIP Closing ▌Customer Receivables Aging - Overvi Age by: Due Date Aging Date: 07/31/21 Posting Date: From To 07/31/21 BP: From To Customer Group: All Curren BP Name Total Future Remit 0 - 30 31 - 60 61 - 90 91 - 120 Paradigm 10,786.01 10,7 Marketing Enterprises Sears Holding 5,072.19 5,0 Corp Total: $ 15,858.20 $ 15,85 Aging (%): % 100.00 % 10 Page: 1/1 Printed By: SAP Business One Printed On: 14:11 08/17/21

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▌Balance Sh Posting Date: To: 07/3 Template: Chart of Acco Report Cycle: Annual Re Transaction Cross-Section by Posting Date: Currenc Account Name Balance System Cur Assets Current Assets - Current Assets Cash - Cash 1015-00-00 - Cash Bank of NH Checking 321,827.53 321,8 Total Cash - Cash 321,827.53 321,8 Receivables - Receivables 1101-00-00 - Accounts Receivable 15,858.20 15,8 Total Receivables - Receivables 15,858.20 15,8 Total Current Assets - Current Assets 337,685.73 337,6 Fixed Assets - Fixed Assets Total Fixed Assets - Fixed Assets Other Assets - Other Assets Total Other Assets - Other Assets Total Assets 337,685.73 337,6 $ 337,685.73 $ 337,68 ============= ========== Liabilities Liabilities - Liabilities Current Liab. - Current - Liabilities 2010-00-00 - Accounts Payable 1,622,657.49 1,622,6 2051-00-00 - Interco Payable - GPT 10,675,213.08 10,675,2 2100-00-00 - Accrued Expenses 421,582.75 421,5 2110-00-00 - Accrued Interest 167,887.60 167,8 Total Current Liab. - Current - Liabilities 12,887,340.92 12,887,3Long Term Liab. - Long Term - Liabilities 2601-00-00 - Term Loan 1 - Patriarch 11,000,000.00 11,000,0Page:1 / 2 Printed By: SAP Business One Printed On: 14:26 08/

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WMT DIP Closing ▌Balance Sh Currenc Account Name Balance System Cur 2602-00-00 - Term Loan 2 - Patriarch 10,568,627.00 10,568,62603-00-00 - Term Loan 3 - GPT 3,000,000.00 3,000,0 Total Long Term Liab. - Long Term - Liabilities 24,568,627.00 24,568,62999 Total Liabilities - Liabilities 37,455,967.92 37,455,9 Total Liabilities 37,455,967.92 37,455,9 Equity Equity - Equity Capital - Capital 3900-00-00 - Retained Earnings (2,722,055.13) (2,722,05 Total Capital - Capital (2,722,055.13) (2,722,05 Total Equity - Equity (2,722,055.13) (2,722,05 Profit Period (34,396,227.06) (34,396,22 Total Equity (37,118,282.19) (37,118,28 $ 337,685.73 $ 337,68 ============= ========== Page:2 / 2 Printed By: SAP Business One Printed On: 14:26 08/

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Statement Date: 07/30/2021 Primary Account: 2473 Period: 06/30/21 to 07/30/21 AAFFDATAADFFFAAFTAFFFADAADFDAAAATADDFDDATAFFTDDFFDDTDADAAAATADTFF'SRLNUM' 0.4500 WCL0001 30-0 WHITE MOUNTAIN TISSUE LLC 0 72 CASCADE FLT 0 GORHAM, NH 03581-1015 BUSINESS ACCOUNT Account: 900002473 Last Statement Previous Balance Total Credits Total Debits This Statement Current Balance06/30/21 $322,077.53 $0.00 $0.00 07/30/21 $322,077.53 Minimum Balance $322,077.53 Average Balance $322,077.53 ITEMIZATION OF OVERDRAFT AND RETURNED ITEM FEES Total For Total This Period Year to Date Total Overdraft Fees $0.00 $0.00 Total Returned Item Fees $0.00 $0.00

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ank of NH -GL# 1015 ccount Number 2473 outing Number 211770271 ate Description Receipts Disbursements Balance to GL 6/23/2021 Central National Gottesman - Incoming Wire $ 117,000.00 $ 322,077.537/25/2021 Check# 2402 $ 250.00 $ 321,827.53

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White Mountain Tissue, LLC Addendum Post-Petition Liabilities included accrued post-petition interest based on statements received and accrued (but amounts are not payable under section 506(b)). Professional Fees and Expenses are accounted for on the Gorham Paper and Tissue, LLC operating report

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