Alp liquidating trust

Posted by / 27-Dec-2019 04:23

The cost of completing this process is not expected to be material, however ALP is unable to predict the time period required. ALP was able to deed a number of these parcels to outside parties and, as a result, recognized income in 2009 related to the real estate taxes that had been previously accrued for these parcels. $ (.96) (1.47) (2.58) (2.79) ========== ========== ========== ========== Cash distribu- tions per beneficial interest unit. $ -- -- -- -- ========== ========== ========== ========== Non Unit Controlling Total Holders Interests ----------- ----------- ----------- Balance, January 1, 2010.

ALP accrues legal liabilities when it is probable that the future costs will be incurred and such costs can be reasonably estimated. (1,145,925) (1,145,861) (64) ----------- ----------- ----------- Balance, June 30, 2010. ,961,232 19,924,101 37,131 =========== =========== =========== 2010 2009 ----------- ----------- Operating activities: Net loss. $(1,145,925) (1,241,683) Items not providing cash: Amortization of discount. Plaintiffs complain, among other things, that the homes were not adequately built, that the homes were not built in conformity with the South Florida Building Code and plans on file with Broward County, Florida, that the roofs were not properly attached or were inadequate, that the truss systems and installation thereof were improper, and that the homes suffer from improper shutter storm protection systems. The Arvida defendants have filed their answer to the amended complaint. On May 9, 2005, plaintiffs filed a nine count second amended complaint seeking unspecified general damages, special damages, statutory damages, prejudgment and post-judgment interest, costs, attorneys' fees, and such other relief as the court may deem just and proper. The court has concluded its hearings in the motion to certify the class for the Camellia Island homes and has not yet issued a ruling.

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Zurich is providing a defense of this matter under a purported reservation of rights.