{"id":"court_ctb_3803_1","court":"CTB","case_no":"22-50073","doc_number":3803,"sub_number":1,"doc_type":"ORDER","filed_date":"2024-11-08","title":"EXHIBIT 1 UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION In Re \\* Case No. 22-50073 (JAM) \\*","summary_zh":null,"summary_en":null,"body_en":"## **EXHIBIT 1**\n\n UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION In Re \\* Case No. 22-50073 (JAM) \\* HO WAN KWOK and GENEVER \\* Bridgeport, Connecticut HOLDINGS CORPORATION, \\* February 27, 2024 \\* Debtors. \\* \\* \\* \\* \\* \\* \\* \\* \\* \\* \\* \\* \\* \\* \\* \\* \\* \\* TRANSCRIPT OF PROCEEDINGS BEFORE THE HONORABLE JULIE A. MANNING UNITED STATES BANKRUPTCY JUDGE #2941 ORDER GRANTING REQUEST FOR STATUS CONFERENCE APPEARANCES: For the Chapter 11 Trustee: NICHOLAS A. BASSETT, ESQ. Paul Hastings LLP 200 Park Avenue New York, NY 10166 PATRICK R. LINSEY, ESQ. Neubert Pepe and Monteith 195 Church Street,13th Floor New Haven, CT 06510 Chapter 11 Trustee: LUC A. DESPINS, ESQ. Paul Hastings LLP 200 Park Avenue New York, NY 10166 For the U.S. Trustee: HOLLEY L. CLAIBORN, ESQ. Office of the United States Trustee The Giaimo Federal Building 150 Court Street, Room 302 New Haven, CT 06510 Proceedings recorded by electronic sound recording, transcript produced by transcription service. **Fiore Reporting and Transcription Service, Inc.**\n\n **Shelton, CT 06484 (203)732-6461**\n\nCase 22-50073 Doc 3803-1 Filed 11/08/24 Entered 11/08/24 16:44:45 Page 3 of 5\n\n Ho Wan Kwok - February 27, 2024 21 1 And we understand why they're doing that, but we 2 need to break this logjam. Because I can tell you, Your 3 Honor, that there are hours spent redacting these various 4 complaints and all that just to make sure we're not -- 5 nobody can cry foul that we released, unintentionally, 6 confidential information. 7 So that is to be continued. 8 We are soliciting the consent of the various 9 parties to try to break this confidential logjam. We hope 10 that they will consent and we're able to release more of the 11 complaint or at least maybe entire complaints so that 12 everyone can see them. 13 And if not, if it's not consensual, we intend to 14 file a motion with Your Honor to have a better system than 15 the system we have now, because I -- you know, this is not 16 an operating business that has all sorts of confidential 17 issues. Frankly, there's nothing, you know, practically 18 nothing, should be confidential and, therefore, we believe 19 that we need to resolve that issue. 20 The second point I want to mention is that we're 21 going to continue the Rule 2004 investigation. I would say 22 not at the same pace that it took place in the fall of 2023, 23 but there are still some issues that need to be pursued 24 there. 25 The last point on this is the bar date. A lot of\n\nFiore Reporting and Transcription Service, Inc.\n\nCase 22-50073 Doc 3803-1 Filed 11/08/24 Entered 11/08/24 16:44:45 Page 4 of 5\n\n Ho Wan Kwok - February 27, 2024 22 1 people have asked me about the bar date. 2 And I want to tell you our view at this point is 3 that it does not make sense to amend or to open, reopen the 4 bar date at this time. 5 As you may recall, the bar date was February 17th, 6 2023. That was a while before the debtor's arrest on March 7 15th, 2023. So a number of transaction parties that have 8 transactions with the debtors were not aware of the bar date 9 or were not sensitized to it. Now they are. 10 So you might say, well, why don't we reopen the 11 bar date for those people only just know? In theory that 12 might make sense except that what I see here I think is 13 likely is that there will be other events. I'll give you an 14 example. 15 Like the Mahwah Mansion. You know, again, that's 16 an example that was given before about maybe amending the 17 bar date to allow people to file claims arising out of the 18 Mahwah Mansion because they did not know about it. That's 19 one example. But there may be other Mahwah Mansions. And, 20 therefore, we would be wasteful in my opinion to amend the 21 bar date today until we see the dust settle on a number of 22 issues. Because what may happen is we may have to reopen it 23 later and which would be really not cost-effective and could 24 be wasteful. 25 I wanted to mention, Your Honor, that's not on the\n\nFiore Reporting and Transcription Service, Inc.\n\nCase 22-50073 Doc 3803-1 Filed 11/08/24 Entered 11/08/24 16:44:45 Page 5 of 5\n\n|    | Ho Wan Kwok - February 27, 2024<br>23                        |\n|----|--------------------------------------------------------------|\n| 1  | PowerPoint, that we filed a motion recently regarding the    |\n| 2  | contents of storage units that we have inventoried and that  |\n| 3  | we believe are owned by either Mr. Kwok or by Golden Spring, |\n| 4  | that is -- that was filed last week I believe.               |\n| 5  | And obviously we want to proceed with that because           |\n| 6  | the owner of the storage unit is saying, okay -- will be     |\n| 7  | saying I'm going to sell this stuff.<br>And I told him you   |\n| 8  | cannot do that.<br>Automatic stay, et cetera.                |\n| 9  | But, you know, there is a point where these people           |\n| 10 | need to be taken care of.<br>And we need to sell the artwork |\n| 11 | and everything that's in there as soon as possible to        |\n| 12 | generate cash for the estate.                                |\n| 13 | So, Your Honor, that is in sum what I wanted to              |\n| 14 | cover.                                                       |\n| 15 | But I would ask Mr. Bassett, if he can, to put up            |\n| 16 | another chart or a one-page, yes, that's one page of a       |\n| 17 | chart, Your Honor, that we intend to file with the Court     |\n| 18 | soon that gives you and all parties in interest a complete   |\n| 19 | list of -- push up the first page up a little -- one out of  |\n| 20 | eight of all the defendants, and what types of claims, and   |\n| 21 | for what amounts are pending against these defendants.       |\n| 22 | So there are basically two types of claims.                  |\n| 23 | They're pre-petition transfers and post-petition transfers.  |\n| 24 | And you can see in there a number of the defendants.         |\n| 25 | And that chart, again, I think would be helpful              |\n|    |                                                              |\n\nFiore Reporting and Transcription Service, Inc.","body_zh":null,"key_entities":["Kwok","Ho Wan Kwok","Paul Hastings","Despins"],"ecf_references":[],"word_count":1119,"status":"published","published_at":"2024-11-08 00:00:00","created_at":"2024-11-08","updated_at":"2026-07-07 08:17:56"}