Charys Holding Company, Inc. Insider and Professional Payment Report for May 2008

Summary

This report details payments made by Charys Holding Company, Inc. during May 2008 to company insiders and bankruptcy professionals as part of its bankruptcy proceedings. It lists the names, types of payments (such as payroll, allowances, and director fees), and amounts paid to executives and directors, as well as payments and outstanding amounts for legal and financial professionals authorized by the bankruptcy court. The report is required for transparency in bankruptcy cases and covers both current and cumulative payments.

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:	May 1 through 31

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	$	87,500
Billy V Ray, Jr	Car Allowance		500		2,000
Gable Apartments (for B Ray Jr)	Apartment Rental		-		2,148
Billy V Ray, Jr	TOTAL				91,648

Michael Oyster	Gross Payroll		20,833		72,917
Michael Oyster	Car Allowance		500		2,000
Michael Oyster	Travel		10,481		4,808
Michael Oyster	Reimburse: ordinary business expenses		800		800
Michael Oyster	TOTAL				80,525

Raymond Smith	Gross Payroll		20,833		72,916
Raymond Smith	Car Allowance		500		2,000
Raymond Smith	Reimburse: ordinary business expenses		190		8,334
Raymond Smith	Travel		262		1,333
Raymond Smith	TOTAL				84,583

Michael Brown	Gross Payroll				52,083

Alec McLarty	Lead Director Fees & Expenses		21,874		51,874
David Gergacz	Director Fees & Expenses		11,108		18,670
Dennis Hayes	Director Fees & Expenses		7,703		12,919
John Jordan	Director Fees & Expenses		11,169		19,062

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

Ayin Tower Management	Affiliate Transfer Out		-		20,300

	TOTAL PAYMENTS TO INSIDERS	$	131,753	$	456,875

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	$	-	$	-	$	864,612
Richards, Layton & Finger , P.A.	3/7/2008		n/a		-		-		68,459
Milbank, Tweed, Hadley & McCloy	4/14/2008		n/a		-		-		704,186
Morris, Nichols, Arsht, & Tunnell L	Pending		n/a		-		-		39,185
Michael Brenner	3/7/2008	$	42,868		17,868		17,868		31,569
AlixPartners, LLP	3/7/2008		n/a		-		-		1,137,598

Kurtzman Carson Consultants	2/15/2008		n/a		-		-		29,000

Total Payments to Bankruptcy Professionals			n/a	$	17,868	$	17,868	$	2,874,609