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Another example of our diligent pursuit of taaces protected by bankniptcy occurred in a Chapter 7 case styled "In Re: Independent American Development (Phase II) Corporation Case No. 89-42160-A" which involved several law firms. This Bankruptcy involved numerous taacing jurisdictions and the Resolution Trust Corporation. Tab Beall of our firm successfully handled this case which was filed in the Eastern District of Texas and was resolved in 1995. Because of our persistence and diligent work, our firm led the effort that successfully moved the bankruptcy to payment of $ 1,184,356.00 in delinquent taaces owed to our clients and clients represented by other law firms. Ahhough there are several chapters of bankruptcy that may be chosen by the delinquent taxpayer, three take most of our attention and efforts. These chapters are Chapter 7, Chapter 11, and Chapter 13. The Chapter 7 bankruptcy is relatively simple to track because the taaspayers assets will be liquidated to pay debts owed. It is our position to make sure the liquidation moves along in a timely fashion and that ensure that ow clients' taxes are paid. Chapter 11 bankruptcies aze business reorganizations that require our attomeys to constantly work to protect our clients' interest. These bankruptcies aze aggressively pursued to make sure that any outstanding taaces aze recognized as priority claims and paid. These bankruptcies involve potential litigation on our clients' behalf concerning proofs of claim objections and the plan of reorganization. Chapter 13 bankruptcies are similaz in that they require attention to force payment from the bankruptcy plan. Litigation is also a potential step in that we want to make sure that our clients' interest is protected. Throughout each bankruptcy case, we work to keep our clients informed regazding what is occurring and how we are handling each step of the bankruptcy cycle. Uniike other law firms, we do not sit on an account because it is in bankruptcy. We are prolribited from mailing notices to the debtor and from filing lawsuits, but we do work with bankruptcy trustees and the debtors attomeys in negotiations to protect our clients. If the bankruptcy appears to be stalling, we will litigate to move it along. We would note here that we do not chazge our clients the fifteen percent (15%) attorney's fees in bankruptcy cases unless the attomey's fees are actually paid. We pursue bankruptcy collections on our clients behalf because this type of delinquency has an impact on the client's delinquent tax roll. Although we typically do not get paid for our work on bankruptcies, we believe that in order to provide our clients with our best service, we must pursue the collection of this type of delinquency as aggressively as the courts will allow. kd'an IY • kope d Savket - Pase 12