{"id":"court_ctb_3743_0","court":"CTB","case_no":"22-50073","doc_number":3743,"sub_number":0,"doc_type":"ORDER","filed_date":"2024-10-22","title":"UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION | -------------------------------------------","summary_zh":null,"summary_en":null,"body_en":"# **UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION**\n\n| ----------------------------------------------------------- | x | |\n|-------------------------------------------------------------|--------|-------------------------|\n| In re: | :
: | Chapter 11 |\n| HO WAN KWOK
et al., | :
: | Case No. 22-50073 (JAM) |\n| Debtors.1 | :
: | Jointly Administered |\n| ----------------------------------------------------------- | :
x | |\n\n## **CHAPTER 11 TRUSTEE'S REPORT OF SALE REGARDING SALE OF 373 TACONIC ROAD, GREENWICH, CONNECTICUT**\n\nIn accordance with the terms of this Court's *Order Approving Chapter 11 Trustee's Motion for Entry of Order Authorizing and Approving Sale of The Greenwich Property Free and Clear of Liens, Claims, Interests and Encumbrances (A) Approving Sale of Real Property by Private Sale; (B) Authorizing Form of Notice of Private Sale and (C) Approving Related Relief (the \"Order\")* [ECF. No. 3690], Luc A. Despins, the chapter 11 Trustee (the \"Trustee\") hereby files this report of sale, and states as follows:\n\nOn October 18, 2024, the Trustee as seller, and BEC CT LLC, as buyer (the \"Buyer\"), consummated the sale of the real property known as 373 Taconic Road, Greenwich, Connecticut (the \"Greenwich Property\") and recorded the deed conveying the Greenwich Property at Volume 8373, Page 298 of the Greenwich land records, as authorized by the Order (the \"Sale\").\n\nIn accordance with the Order, consideration of \\$7,250,000.00 was paid by the Buyer to the Trustee for the Sale. Attached hereto as **Exhibit A** is a true and correct copy of the closing\n\n1 The Debtors in these chapter 11 cases are Ho Wan Kwok (also known as Guo Wengui, Miles Guo, and Miles Kwok, as well as numerous other aliases) (last four digits of tax identification number: 9595), Genever Holdings LLC (last four digits of tax identification number: 8202) and Genever Holdings Corporation. The mailing address for the Trustee, Genever Holdings LLC, and Genever Holdings Corporation is Paul Hastings LLP, 200 Park Avenue, New York, NY 10166 c/o Luc A. Despins, as Trustee for the Estate of Ho Wan Kwok (solely for purposes of notices and communications).\n\n## statement related to the Sale. All distributions set forth on **Exhibit A** were made with good funds.\n\nDated: October 22, 2024 LUC A. DESPINS, TRUSTEE\n\n#### By:*/s/ Douglas S. Skalka*\n\nDouglas S. Skalka (ct00616) Patrick R. Linsey (ct29437) NEUBERT, PEPE & MONTEITH, P.C. 195 Church Street, 13th Floor New Haven, Connecticut 06510 (203) 781-2847 dskalka@npmlaw.com plinsey@npmlaw.com\n\n*and*\n\nG. Alexander Bongartz (admitted *pro hac vice*) Douglass Barron (admitted *pro hac vice*) PAUL HASTINGS LLP 200 Park Avenue New York, New York 10166 (212) 318-6079 alexbongartz@paulhastings.com douglassbarron@paulhastings.com\n\n*and*\n\nNicholas A. Bassett (admitted *pro hac vice*) PAUL HASTINGS LLP 2050 M Street NW Washington, D.C., 20036 (202) 551-1902 nicholasbassett@paulhastings.com\n\n*Counsel for the Chapter 11 Trustee*\n\n### **UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION**\n\n| ----------------------------------------------------------- | x |\n|-------------------------------------------------------------|-------------------------------------|\n| In re: | :
:
Chapter 11 |\n| HO WAN KWOK
et al., | :
:
Case No. 22-50073 (JAM) |\n| Debtors.2 | :
:
Jointly Administered
: |\n| ----------------------------------------------------------- | x |\n\n## **CERTIFICATE OF SERVICE**\n\nThe undersigned hereby certifies that on October 22, 2024 the foregoing Report of Sale and HUD closing statement were filed electronically. Notice of this filing will be sent by e-mail to all parties by operation of the Court's electronic filing system or by mail to anyone unable to accept electronic filing as indicated on the Notice of Electronic Filing. Parties may access this filing through the Court's system.\n\nDated: October 22, 2024 LUC A. DESPINS, TRUSTEE New Haven, Connecticut\n\nBy: /s/Douglas S. Skalka Douglas S. Skalka (ct00616) NEUBERT, PEPE & MONTEITH, P.C. 195 Church Street New Haven, CT 06510 Telephone (203) 821-2000 dskalka@npmlaw.com\n\n2 The Debtors in these chapter 11 cases are Ho Wan Kwok (also known as Guo Wengui, Miles Guo, and Miles Kwok, as well as numerous other aliases) (last four digits of tax idenficaon number: 9595), Genever Holdings LLC (last four digits of tax idenficaon number: 8202) and Genever Holdings Corporaon. The mailing address for the Trustee, Genever Holdings LLC, and Genever Holdings Corporaon is Paul Hasngs LLP, 200 Park Avenue, New York, NY 10166 c/o Luc A. Despins, as Trustee for the Estate of Ho Wan Kwok (solely for purposes of noces and communicaons).\n\nA. SETTLEMENT STATEMENT(HUD-1) OMB Approval No. 2502-0265\n\n| B. TYPE OF LOAN: | | | | | |\n|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------|--------------------------------|---------------------------------------------------------|-------------------------------------------------------------------------|----------------|\n| 1.
FHA
2.
RHS
3.
Conv. Unins. | 6. File Number
5248.001 | | 7. Loan Number | 8. Mortgage Insurance Case Number | |\n| 4.
VA
5.
Conv. Ins | | | | | |\n| | | | | | |\n| C. NOTE:
This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown.
Items marked \"(p.o.c.)\" were paid outside the closing; they are shown here for informational purposes and are not included in the totals. | | | | | |\n| D. NAME AND ADDRESS OF BORROWER: | | E. NAME AND ADDRESS OF SELLER: | | F. NAME AND ADDRESS OF LENDER: | |\n| BEC CT LLC | | | Luc A. Despins, as Chapter 11 Trustee of Estate of Ho | | |\n| CT | Wan Kwok | | | | |\n| | CT | | | | |\n| | | | | | |\n| | | | | | |\n| | | | | | |\n| | | | | | |\n| G. PROPERTY LOCATION: | H. SETTLEMENT AGENT: | | | H. SETTLEMENT DATE
DISBURSEMENT DATE | |\n| 373 Taconic Rd | | Neubert, Pepe & Monteith, P.C. | | October 18, 2024
October 18, 2024 | |\n| Greenwich, CT 06831 | | | 195 Church Street, 13th Floor, New Haven, CT 06510 | | |\n| | | | | | |\n| | PLACE OF SETTLEMENT | | | | |\n| | | | 195 Church Street, 13th Floor, New Haven, CT 06510 | | |\n| | | | | | |\n| J. SUMMARY OF BORROWER'S TRANSACTION | | | K. SUMMARY OF SELLER'S TRANSACTION | | |\n| 100. GROSS AMOUNT DUE FROM BORROWER: | | | 400. GROSS AMOUNT DUE TO SELLER: | | |\n| 101. Contract sales price | | | 7,250,000.00 401. Contract sales price | | 7,250,000.00 |\n| 102. Personal property | | | 402. Personal property | | |\n| 103. Settlement charges to borrower (from line 1400) | | | | | |\n| 104. | | 34,056.00 403. | 404. | | |\n| | | | | | |\n| 105. | | | 405. | | |\n| ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE: | | | | ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE: | |\n| 106. City/town taxes
10/18/2024 | to 12/31/2024 | | 11,110.63 406. City/town taxes | 10/18/2024
to 12/31/2024 | 11,110.63 |\n| 107. County taxes
to | | | 407. County taxes | to | |\n| 108. Assessments
to | | | 408 Assessments | to | |\n| 109. Stamford Taxes, 10/18/24 to 12/31/24 | | | 76.37 409. Stamford Taxes, 10/18/24 to 12/31/24 | | 76.37 |\n| 110. Oil, 902 gallons @ \\$3.549 | | | 3,201.20 410. Oil, 902 gallons @ \\$3.549 | | 3,201.20 |\n| 111. Propane, 530 gallons @ \\$3.049 | | | 1,615.97 411. Propane, 530 gallons @ \\$3.049 | | 1,615.97 |\n| 112. | | | 412. | | |\n| 120. GROSS AMOUNT DUE FROM BORROWER: | | | 7,300,060.17 420. GROSS AMOUNT DUE TO SELLER: | | 7,266,004.17 |\n| 200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER: | | | 500 | REDUCTIONS IN AMOUNT DUE TO SELLER: | |\n| 201. Deposit or earnest money | | | 1,065,000.00 501. Excess deposit (see instructions) | | |\n| 202. Principal amounts of new loan(s) | | | 502. Settlement charges to seller (line 1400) | | 478,835.38 |\n| 203. Existing loan(s) taken subject to | | | 503. Existing loan(s) taken subject to | | |\n| 204. | | | 504. Payoff of first mortgage loan | | |\n| 205. | | | 505. Payoff of second mortgage loan | | |\n| 206. | | | 506. Deposit On Hand | | 1,065,000.00 |\n| 207. | | | 507. | | |\n| 208. | | | 508. | | |\n| 209. | | | 509. | | |\n| ADJUSTMENTS FOR ITEMS UNPAID BY SELLER: | | | | ADJUSTMENTS FOR ITEMS UNPAID BY SELLER: | |\n| 210. City/town taxes
to | | | 510. City/town taxes | to | |\n| 211. County taxes
to | | | 511. County taxes | to | |\n| 212. Assessments
to | | | 512. Assessments | to | |\n| 213. Cleaning Credit | | | 2,500.00 513. Cleaning Credit | | 2,500.00 |\n| 214. | | | 514. | | |\n| 215. | | | 515. | | |\n| 216. | | | 516. | | |\n| 217. | | | 517. | | |\n| 218. | | | 518. | | |\n| 219. | | | 519. | | |\n| 220. TOTAL PAID BY/FOR BORROWER: | | | 1,067,500.00 520 TOTAL REDUCTION IN AMOUNT DUE SELLER: | | 1,546,335.38 |\n| 300. CASH AT SETTLEMENT FROM/TO BORROWER: | | | | 600 CASH AT SETTLEMENT FROM/TO SELLER: | |\n| 301. Gross amount due from borrower (line 120) | | | 7,300,060.17 601. Gross amount due to seller (line 420) | | 7,266,004.17 |\n| 302 Less amount paid by/for borrower (line 220) | | | | 1,067,500.00 602. Less total reductions in amount due seller (line 520) | 1,546,335.38 |\n| 303 Cash (
x From)
(
To) Borrower | | \\$6,232,560.17 603 Cash ( | x To) | (
From) Seller | \\$5,719,668.79 |\n| | | | | | |\n\n| L. SETTLEMENT CHARGES | | | |\n|----------------------------------------------------------------------------------------------------------|----------------------------------|---------------------|-------------------|\n| 700. TOTAL REAL ESTATE BROKER FEES | | PAID FROM | PAID FROM |\n| Division of commission (line 700) as follows: | | BORROWER'S
FUNDS | SELLER'S
FUNDS |\n| 701. \\$163,125.00
to
Compass Inc. | | AT | AT |\n| 702. \\$163,125.00
to
Brown Harris Realty | | SETTLEMENT | SETTLEMENT |\n| 703. Commission paid at settlement | | | 326,250.00 |\n| 704. | | | |\n| 800. ITEMS PAYABLE IN CONNECTION WITH LOAN: | | | |\n| 801. Our origination charge
802. Your credit or charge (points) for the specific interest rate chosen | (from GFE # 1)
(from GFE # 2) | | |\n| 803. Your adjusted origination charges | (from GFE A) | | |\n| 804. Appraisal fee to | (from GFE # 3) | | |\n| 805. Credit report to | (from GFE # 3) | | |\n| 806. Tax service fee to | (from GFE # 3) | | |\n| 807. Flood certification to | (from GFE # 3) | | |\n| 808. | | | |\n| 809. | | | |\n| 810. | | | |\n| 811. | | | |\n| 900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE: | | | |\n| 901.
Daily interest charges from 10/18/2024 to 11/1/2024 (14 days) @ \\$0.0000/day | (from GFE # 10) | | |\n| 902.
Mortgage insurance premium for | (from GFE # 3) | | |\n| 903.
Homeowner's insurance for to | (from GFE # 11) | | |\n| 904. | | | |\n| 905. | | | |\n| 906. | | | |\n| 1000. RESERVES DEPOSITED WITH LENDER: | | | |\n| 1001. Initial deposit for your escrow account | (from GFE # 9) | | |\n| 1002. Homeowner's insurance | | | |\n| 1003. Mortgage insurance
1004. Property taxes | | | |\n| 1005. | | | |\n| 1006. | | | |\n| 1007. | | | |\n| 1008. Aggregate Accounting Adjustment | \\$0.00 | | |\n| 1009. | | | |\n| 1100. TITLE CHARGES: | | | |\n| 1101. Title services and lender's title insurance | (from GFE # 4) | 10,865.00 | |\n| 1102. Settlement or closing fee to DMOC | \\$10,120.00 | | |\n| 1103. Owner's title insurance to FATIC | (from GFE # 5) | 23,037.00 | |\n| 1104. Lender's title insurance to | | | |\n| 1105. Lender's title policy limit | | | |\n| 1106. Owner's title policy limit | | | |\n| 1107. Agent's portion of the total title insurance premium to | | | |\n| 1108. Underwriter's portion of the total title insurance premium to | | | |\n| 1109. Search and Rundown | \\$745.00 | | |\n| 1200. GOVERNMENT RECORDING AND TRANSFER CHARGES: | | | |\n| 1201. Government recording charges | (from GFE # 7) | 154.00 | 310.00 |\n| 1202.
Deed \\$ 154.00
Mortgage \\$
Releases \\$ 310.00 | | | |\n| 1203. Transfer taxes | (from GFE # 8) | | |\n| 1204. City/County tax/stamps
Deed \\$
Mortgage \\$ | | | |\n| 1205. State tax/stamps
Deed \\$
Mortgage \\$ | | | |\n| 1206. Stamford Town Clerk - Local Conveyance | \\$88.81 | | 88.81 |\n| 1207. Greenwich Town Clerk - Local Conveyance Tax | \\$18,061.56 | | 18,061.56 |\n| 1300. ADDITIONAL SETTLEMENT CHARGES:
1301. Required services that you can shop for | (from GFE # 6) | | |\n| 1302. | | | |\n| 1303. | | | |\n| 1304. | | | |\n| 1305. | | | |\n| 1400. TOTAL SETTLEMENT CHARGES
(enter on Line 103, Section J and line 502, Section K) | | \\$34,056.00 | \\$478,835.38 |\n| B=borrower S=seller L=lender R=broker I=investor O=other POC=paid outside closing by | | | |\n\n## Case 22-50073 Doc 3743 Filed 10/22/24 Entered 10/22/24 16:37:53 Page 6 of 7\n\n| HUD-1 Continuation Page | | | |\n|----------------------------------------------------------------------|--------------|------------------------------------------------------|----------------------------------------------------|\n| | | PAID FROM
BORROWER'S
FUNDS
AT
SETTLEMENT | PAID FROM
SELLER'S
FUNDS
AT
SETTLEMENT |\n| 800. ITEMS PAYABLE IN CONNECTION WITH LOAN: | | | |\n| | | | |\n| 1100. TITLE CHARGES: | | | |\n| 1200. GOVERNMENT RECORDING AND TRANSFER CHARGES: | | | |\n| 1208.
Commissioner of Rev. Svcs - State Conveyance Tax (Gwich) | \\$133,655.57 | | 133,655.57 |\n| 1209.
Commissioner of Rev. Svcs - State Conveyance Tax (Stamford) | \\$469.44 | | 469.44 |\n| 1300. ADDITIONAL SETTLEMENT CHARGES: | | | |\n| | | | |\n\n| HUD-1 Signature Page | | | |\n|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------|--|--|\n| NAME AND ADDRESS OF LENDER: | PROPERTY LOCATION: | | |\n| | 373 Taconic Rd
Greenwich, CT 06831 | | |\n| | | | |\n| Loan No: | | | |\n| NAME AND ADDRESS OF BORROWER: | NAME AND ADDRESS OF SELLER: | | |\n| BEC CT LLC
CT | Luc A. Despins, as Chapter 11 Trustee of Estate of Ho Wan Kwok
CT | | |\n| | | | |\n| | | | |\n| I have carefuly reviewed the HD-1 Settlement, and, to the best of my knowledge and belief, it is a tue and accurate statements of all receipts and disbusements
made on my account of by me in this transaction. I further certify that I have received a copy of the HUD-1 Settlement (Pages 1, 2 and 3). | | | |\n| Date: 10/18/2024
Borrower:
DECOTH C | Seller:
ac Phantor 1 Trictor of Estato
DA DOCARC | | |","body_zh":null,"key_entities":["Kwok","Ho Wan Kwok","Despins","Guo","Paul Hastings","Miles Guo","Je","CIPA"],"ecf_references":[],"word_count":2598,"status":"published","published_at":"2024-10-22 00:00:00","created_at":"2024-10-22","updated_at":"2026-07-07 08:17:26"}