Charys Holding Company, Inc. Insider and Professional Payments Report (June 2008)

Summary

This report details payments made by Charys Holding Company, Inc. during June 2008 to company insiders and bankruptcy professionals as part of its bankruptcy proceedings. It lists the names of recipients, types of payments (such as payroll, allowances, and reimbursements), and amounts paid during the reporting period and to date. The document also includes information on court-authorized payments to legal and financial professionals involved in the bankruptcy case, specifying amounts approved, paid, and outstanding.

EX-10.10 11 ex10_10.htm EXHIBIT 10.10 ex10_10.htm

Exhibit 10.10

In re		CHARYS HOLDING COMPANY, INC		Case No.		08-10289 (BLS)
		Debtor		Reporting Period:		June 1 through 30

PAYMENTS TO INSIDERS AND PROFESSIONALS

Of the total disbursements shown on the Cash Receipts and Disbursements Report (MOR-1) list the amount paid to insiders (as defined in Section 101(31) (A)-(F) of the U.S. Bankruptcy Code) and to professionals. For payments to insiders, identify the type of compensation paid (e.g. Salary, Bonus, Commissions, Insurance, Housing Allowance, Travel, Car Allowance, Etc.). Attach additional sheets if necessary.

INSIDERS
NAME	TYPE OF PAYMENT	AMOUNT PAID		TOTAL PAID TO DATE
Billy V Ray, Jr	Gross Payroll	$	25,000	$	112,500
Billy V Ray, Jr	Car Allowance		500		2,500
Gable Apartments (for B Ray Jr)	Apartment Rental		-		2,148
Billy V Ray, Jr	TOTAL				117,148

Michael Oyster	Gross Payroll		20,833		93,750
Michael Oyster	Car Allowance		500		2,500
Michael Oyster	Travel, Meals and Entertainment		6,704		25,159
Michael Oyster	Reimburse: ordinary business expenses		2,363		3,492
Michael Oyster	TOTAL				124,901

Raymond Smith	Gross Payroll		20,833		93,749
Raymond Smith	Car Allowance		500		2,500
Raymond Smith	Reimburse: ordinary business expenses		1,200		9,534
Raymond Smith	Travel, Meals and Entertainment		794		2,127
Raymond Smith	TOTAL				107,910

Michael Brown	Gross Payroll				52,083

Alec McLarty	Lead Director Fees		15,000		60,000
	Travel, Meals and Entertainment		1,869		8,743

David Gergacz	Director Fees		-		18,250
	Travel, Meals and Entertainment		-		421

Dennis Hayes	Director Fees		7,000		17,625
	Travel, Meals and Entertainment		225		2,518

John Jordan	Director Fees		-		16,000
	Travel, Meals and Entertainment				3,062

David Ray	Gross Payroll		-		13,961
Brandon Ray	Gross Payroll		-		11,250

Ayin Tower Management	Affiliate Transfer Out		-		20,300
Contemporary Constructors, Inc.	Payments made on behalf of sub		2,807		2,807
	TOTAL PAYMENTS TO INSIDERS	$	106,128	$	559,428

BANKRUPTCY PROFESSIONALS

NAME	DATE OF COURT ORDER AUTHORIZING EMPLOYMENT	AMOUNT APPROVED		AMOUNT PAID		TOTAL PAID TO DATE		TOTAL INCURRED & UNPAID*
Weil, Gotshal & Manges LLP	3/7/2008		n/a	$	-	$	-	$	1,087,006
Richards, Layton & Finger , P.A.	3/7/2008		n/a		-		-		84,343
Milbank, Tweed, Hadley & McCloy	4/14/2008		n/a		-		-		889,323
Morris, Nichols, Arsht, & Tunnell L	Pending		n/a		-		-		45,366
Michael Brenner	3/7/2008	$	42,868		17,633		35,501		60,735
AlixPartners, LLP	3/7/2008		n/a		-		-		1,509,381