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Liquidation and Safe Payment Summary

The document contains financial statements and schedules related to the liquidation of various partnerships, detailing balances, realizations of assets, payments of liabilities, and final distributions over several months. It includes specific figures for cash, non-cash assets, and liabilities, along with calculations for safe payments and absorption of deficiencies. The information is structured in a way that outlines the financial position and transactions for different partners involved in the partnerships.

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9 views18 pages

Liquidation and Safe Payment Summary

The document contains financial statements and schedules related to the liquidation of various partnerships, detailing balances, realizations of assets, payments of liabilities, and final distributions over several months. It includes specific figures for cash, non-cash assets, and liabilities, along with calculations for safe payments and absorption of deficiencies. The information is structured in a way that outlines the financial position and transactions for different partners involved in the partnerships.

Uploaded by

marc
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

PL Ratio

Balance
Realization of Assets - September
Balance
Payment of Liabilities
Balance
Safe Payment in September
Balance
Realization of Assets on October
Balance
Safe Payment in October
Balance
Safe Payment in November
Balance
Final Distribution
Balance

Cash Other Assets Liabilities Lito


4
160,000 320,000 180,000 48,000
420,000 -320,000 40,000
580,000 180,000 88,000
- 180,000 - 180,000
400,000 88,000
- 400,000 - 88,000

Cash Non-Cash AP
PL Ratio
Balance 0 360,000 120,000
Realization of Assets 228,000 - 360,000
Balance 228,000 120,000
Payment of Liabilities - 120,000 - 120,000
Balance 108,000 -
Absorption of Deficiency
Balance 108,000

Cash Non-Cash
PL Ratio
Balance
Share in net income
Balance 40,000 224,000
Realization 193k -224,000
Final Cash Distribution

Cash Non-Cash
PL Ratio
Balance 40k 224,000
Realization of Assets 193k -224,000
Balance 233k
Payment of Liabilities -90,000
Balance 143,000
Final Distribution -143,000
Balance

193,000
63,900 23,900
Cash Non-Cash
PL Ratio
Balance 1,000,000 2,000,000
Realization of Assets 1,500,000 -2,000,000
Liquidation Expenses -100,000
Payment of Liabilities -2,000,000
Balance 400,000
Absorption of Deficiency
Balance 400,000
Right of Offset -350,000
Balance 400,000
Payment of Loan to Partners -350,000
Balance 50,000
Final Distribution -50,000
Balance

Cash Received by Abba, Baba, Cusi

Cash Non Cash


PL RATIO
Balance 1,600,000 1,400,000
Realization of Assets Jan 1 672,000 -840,000
Balance 2,272,000 560,000

Pay Liabilities -2,000,000


Balance 272,000 560,000
Safe Payment Jan 10 -222,000
Balance 50,000 560,000
Realization of Assets April 5 336,000 560,000
Liquidation Expenses -50,000
Balance 336,000
Absorption of Deficiency
Balance 336,000
Final Distrbiution 336,000
Balance
Answer = 0

Cash Non Cash


PL RATIO
Balance 1,600,000 1,400,000
Realization of Assets Jan 10 1,200,000 -1,400,000
Balance 2,800,000

Alphonse
5
Balance 16k
Possible Loss -280,000
Liquidation Expenses -25,000
Balance - 289,000
Absorption of Deficiency 289,000
Safe Payment

C&A Partnership
Statement of Liquidation
For the period ended January 1 - Feb 28,2023
Cash NonCash AP
PL RATIO
Balance 17,500 122,700 38,500
Realization of Assets Jan 25 41,240 -45,000
Balance 58,750 77,700 38,500
Payment of Liabilities -38,500 -38,500
Balance 20,250 77,700
Safe payment Jan 25 -20,250
Balance 77,700
Realization of Assets Feb 28 65,500 -77,700
Balance 65,500
Final Distribution -65,500
Balance

C&A Partnership
Schedule of Safe Payment
For the period ended January 25, 2003
40% 60%
Christelle Adrianne
PL RATIO 0 -33,370
Balance 26,200 39,300
Possible Loss 26,200 5930
Balance 5930 5930
Absorption of Deficiency 32,130
Safe Payment
Cash Other Assets

alization of Assets - September 35,200 101,250


35,800 -40500
yment of Liabilities 71k 60750
-58,100
e Payment in September 12,900 60750
-12900
alization of Assets on October 60750
30,050 -26750
e Payment in October 30,050 34000
-30,050
e Payment in November 34000
23,456 -34000
al Distribution 23,456
-23,456

Nomi Will Sharing


3 3
216,000 36,000
30,000 30,000 100,000
246,000 66,000

246,000 66,000
- 246,000 - 66,000

Insolvent Insolvent Solvent


Dindin Laura Estrarossa
40% 20% 20%
60,000 67,000 17,000
- 52,800 - 26,400 - 26,400
7,200 40,600 - 9,400

7,200 40,600 - 9,400


- 4,700 - 2,350 9,400
2,500 38,250

40% 20%
50% 25%

Liabilities Randy Sandy


40% 30%
50k 60k
17,600 13,200
90,000 67,600 73,200
-12,400 -9300
55,200 63,900

Liabilities Randy Sandy


40% 30%
90,000 67,600 73,200
-12,400 -9300
90,000 55,200 63,900
-90,000
55,200 63,900
-55,200 -63,900

Abacus Partnership
Statement of Liquidation
For the ended period of January 01,2023
Other Liabilities Payable to Baba Payable to Cusi

2,000,000 1,000,000 100,000

-2,000,000
1,000,000

1,000,000 100,000
-750,000
250,000 100,000
-250,000 -100,000

Liabilities Alphonse Brad


5 3
2,000,000 100,000 500,000
-84,000 -50,400
2,000,000 16,000 449,600

-2,000,000
16,000 449,600
-93,200
16,000 356,400
-112,200 -67,200
-25,000 -15,000
-121,000 274,200
121,000 -72,600
201,600
-201,600

Liabilities Alphonse Brad


5 3
2,000,000 100,000 500,000
100,000 -60,000
2,000,000 440,000

Alpine Partnership
Schedule of Safe Payment
For the period ended January 01, 2023

Brad Chimmy Sharing


3 2
449,600 366,400
- 168,000 - 112,000 - 560,000
- 15,000 - 10,000 - 50,000
266,000 244,400
- 173,400 - 115,600
93,200 128,800

Cristelle Sharing
40%
60,000
-1500 -3750
58,500

58,500
-20,250
38,250
-4880 -12,200
33,370
-33,370

Partnership
of Safe Payment
ended January 25, 2003
Ap Loan Payable to sonie Sonie Louie
40 40
58,100 7,500 23,850 27,000
- 1,880 - 1,880
58,100 7,500 21,970 25,120
-58,100
7,500 21,970 25,120
- 5,170 - 820
2,330 21,970 24,300
1,320 1,320
2,330 23,290 25,620
- 2,330 - 9,690 - 12,020
13,600.00 13,600.00
- 4,217.60 - 4,217.60
9,382.40 9,382.40
- 9,382.40 - 9,382.40

Truman Sharing
20% 100%
96,000
- 26,400 -132,000
69,600

69,600
- 2,350
67,250

20% 80%
25% 100%

Tammy Sharing
30%
20k
13,200 44,000
33,200
-9300 -31,000
23,900

Tammy Sharing
30%
33,200
-9300 -31,000
23,900

23,900
-23,900
Abba Baba Cusi Sharing
6 1 3
200,000 -650,000 350,000
-300,000 -50,000 -150,000 -500,000
-60,000 -10,000 -30,000 -100,000

-160,000 -710,000 170,000


160,000 -40,000 -120,000
-750,000 50,000
750,000
50,000

50,000
-50,000

0 250,000 150,000

Chinny Sharing
2
400,000
-33,600 -168,000
366,400

366,400
-128,800
237,600
-44,800 -224,000
-10,000 -50,000
182,800
-48,400
134,400
-134,400

Chinny Sharing
2
400,000
-40,000 -200,000
360,000

JAN ESTIMATE
Sharing For the period ended September 2023
40 20
Sonie Richie
4700 Capital 21,970 19,060
Loan 7,500
Total Interest 29,470 19,060
Possible loss - 24,300 - 12,150
Safe paymen 5,170 6,910
Loan - 5,170
3,300 Capital - 6,910

SRL Trading
Schedule of Safe Payment
-10,544 For the period ended September 2023
40 20
Sonie Richie
Capital 23,290 12,810
Loan 2,330
Total Interest 25,620 12,810
Possible loss - 13,600 - 6,800
Safe paymen 12,020 6,010
Loan - 2,330
Capital 9,690 6,010
od ended September 2023
40 100
Louie sharing
25,120

25,120
- 24,300 - 60,750
820

820

SRL Trading
ule of Safe Payment
od ended September 2023
40 100
Louie sharing
25,620

25,620
- 13,600 - 34,000
12,020

12,020

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