Disbursing Agent and Claims Administrator Examples

As Liquidating Agent Mr. Biggs reviewed the Chapter 11 debtor's creditor lists and priorities and set up a database of secured and priority claims. Wage claims were analyzed, payroll figures were computed, and a comprehensive payroll database was created to allow accurate payment of wage claims. Biggs also set up a bank account for disbursing claims payments, and coordinated and oversaw the debtor's banking and transfer of funds.

As Disbursing Agent for McMullen Oil, Mr. Biggs set up a bank account for claims disbursements, analyzed and verified creditor claims, identified priority wage claims, issued W-2s, reconciled creditor payments to bank statements, and prepared annual financial statements and quarterly United States Trustee reports.

Mr. Biggs was named Disbursing Agent under this debtor's Plan of Reorganization to manage the post-confirmation operations. Debtor was a motion picture film which was completed during the Chapter 11 period. Among Mr. Biggs' post-confirmation duties, were negotiating foreign film distribution agreements, completing the film and DVD for foreign distribution, and generating cash to liquidate creditor obligations. Mr. Biggs was responsible for all post-confirmation operations of this film.

Mr. Biggs was named Disbursing Agent under the Plan of Reorganization and was responsible for administering creditor distributions as well as post-confirmation activities.

As Disbursing Agent for American Industrial Supply, Mr. Biggs' responsibilities included setting up bank accounts for claims disbursement, analyzing and verifying claims, identifying priority, unsecured, Class 3 and Class 4 claims, and disbursing allowed claims payments.