The Big Apple Circus, Ltd., seeks authorization from the U.S. Bankruptcy Court for the Southern District of New York to employ PKF O’Connor Davies, LLP as accountant, nunc pro tunc to April 28, 2017.
The Debtor requires PKF O’Connor to:
a. audit the Debtor’s statement of financial position and the related statements of activities, functional expenses and cash flows as of and for the year ending July 31, 2016;
b. at the sole discretion of the Debtor, audit or other financial report for the year ending July 31, 2017, or any portion thereof;
c. prepare the Debtor’s federal and state information and tax returns, including form 990 and NYS CHAR 500, for the year ending July 31, 2016; and
d. at the sole discretion of the Debtor, prepare the Debtor’s federal and state information and tax returns, including form 990 and NYS CHAR 500, for the year ending July 31, 2017.
PKF will be paid at these hourly rates:
Senior Managers $325
Senior Accountants $225
Staff Accountants $150
PKF will also be reimbursed for reasonable out-of-pocket expenses incurred.
Mark Piszko, partner at PKF O’Connor Davies, LLP, assured the Court that the firm is a “disinterested person” as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates.
PKF may be reached at:
PKF O’Connor Davies, LLP
665 Fifth Avenue
New York, NY 10022
Tel: (646) 449-6316
About The Big Apple Circus
The Big Apple Circus, Ltd., filed a chapter 11 petition (Bankr. S.D.N.Y. Case No. 16-13297) on Nov. 20, 2016. The petition was signed by Will Maitland Weiss, executive director.
The Debtor is a Type B not-for-profit corporation organized under section 201 of the New York Not-for-Profit Corporation Law that is exempt from federal taxes under section 501(c)(3) of the Internal Revenue Code. Founded in 1977 by Paul Binder and Michael Christensen to establish a performing circus and school for the instruction and artistic development of circus arts, the Debtor is a venerated, New York cultural institution renowned for its critically-acclaimed performances and dedicated community programs.
The Debtor estimated assets and liabilities at $1 million to $10 million at the time of the filing.
The Debtor retained Natasha M. Labovitz, Esq. and Christopher Updike, Esq., of Debevoise & Plimpton LLP, as bankruptcy counsel; Donlin, Recano & Company, Inc., as claims and noticing agent; and Goldin Associates, LLC, as financial advisor, all of whom agreed to provide their services on a pro bono basis in light of the Debtor’s not-for-profit status.
An official committee of unsecured creditors has been appointed in the case, and is represented by Robert J. Feinstein, Esq., Maria Bove, Esq., and Steven W. Golden, Esq., at Pachulski Stang Ziehl & Jones LLP.