Birmingham Steel, Inc.

Liquidating Trustee

Summary

PW&Co served as the liquidating trustee and distribution agent under the Birmingham Steel Plan of Reorganization.  Its responsibilities included both the resolution and payment of authorized claims as well as completing the dissolution and wind down operations for Birmingham Steel and its subsidiaries.

PW&Co Role

PW&Co reviewed and settled over fifty-five administrative claims. Over $65 million in distributions were made to the claimants.  PW&Co arranged for the dissolution and withdrawal of the corporations from multiple jurisdictions, oversaw preparation of final state and federal tax returns and Form 5500s, completed termination of benefit plans, reconciled and closed bank accounts, distributed final employee Form W-2s, and pursued tax, vendor, and insurance refunds.