{"id":"court_ctb_4820_0","court":"CTB","case_no":"22-50073","doc_number":4820,"sub_number":0,"doc_type":"UNKNOWN","filed_date":null,"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: | | : | |\n| | | : | Chapter 11 |\n| 1
HO WAN KWOK,
et al., | | : | |\n| | | : | Case No. 22-50073 (JAM) |\n| | Debtors. | : | |\n| | | : | (Jointly Administered) |\n| | | : | |\n| ---------------------------------------------------------------- | | x | |\n| | | : | |\n| LUC A. DESPINS, CHAPTER 11 | | : | |\n| TRUSTEE, | | : | |\n| | | : | Adv. Proceeding No. 24-05225 |\n| | Plaintiff, | : | |\n| v. | | :
: | |\n| | | : | |\n| CIRRUS DESIGN CORPORATION and | | : | |\n| QIANG GUO, | | : | |\n| | | : | |\n| | Defendants. | x | |\n| ---------------------------------------------------------------- | | | |\n\n# **MOTION OF CHAPTER 11 TRUSTEE, PURSUANT TO BANKRUPTCY CODE SECTIONS 105 AND 363, CONN. GEN. STAT. § 52-356a, CIVIL RULE 69, BANKRUPTCY RULES 2002, 6004(c), 7069, 9014, AND 9019, AND LOCAL RULES 6004-1, 6004-2, AND 9019-1 SEEKING ENTRY OF ORDER AUTHORIZING AND APPROVING: (I) SETTLEMENT WITH CIRRUS DESIGN CORPORATION; (II) SALE OF SF50 AIRCRAFT FREE AND CLEAR OF LIENS, CLAIMS, INTERESTS, AND ENCUMBRANCES; AND (III) GRANTING RELATED RELIEF**\n\nLuc A. Despins, in his capacity as the chapter 11 trustee (the \"Trustee\") appointed in the\n\nchapter 11 case of Ho Wan Kwok (the \"Debtor\"), by and through his undersigned counsel, hereby\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 the 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\nfiles this motion (the \"Motion\") seeking entry of an order, substantially in the form attached hereto as **Exhibit 1** (the \"Proposed Order\"), pursuant to sections 105, 363(b), and 363(f) of Title 11 of the United States Code (the \"Bankruptcy Code\"), section 52-356a of Connecticut General Statutes, Rule 69 of the Federal Rules of Civil Procedure (the \"Civil Rules\"), Rules 2002, 6004(c), 7069, 9014, and 9019 of the Federal Rules of Bankruptcy Procedure (the \"Bankruptcy Rules\"), and Rules 6004-1, 6004-2, and 9019-1 of the Local Rules of Bankruptcy Procedure of the United States Bankruptcy Court for the District of Connecticut (the \"Local Rules\"), authorizing and approving: (I) the settlement of the Trustee's claims against Cirrus Design Corporation (\"Cirrus\") in the above-captioned adversary proceeding (the \"Adversary Proceeding\"); (II) the Trustee's sale (the \"Sale\") of the Cirrus SF50 G2+ series private jet aircraft, Serial Number 0309, Registration Number N3Q (collectively, the \"SF50 Aircraft\") to Cirrus; and (III) for related relief as discussed herein and provided in the Proposed Order. In support of this Motion, the Trustee respectfully states the following:\n\n#### **I. PRELIMINARY STATEMENT**\n\n1. By this Motion, the Trustee requests approval of his proposed resolution of the avoidance claims against Cirrus, through a settlement that provides for Cirrus to purchase the SF50 Aircraft from the Trustee, settlement of the pending avoidance claims against Cirrus, and for Cirrus to pay \\$3.5 million to the Trustee for the benefit of the estate. This payment substantially exceeds the aircraft's presumptive sale value in a brokered sale conducted by the Trustee. Indeed, this payment is nearly half a million dollars greater than the price for which Cirrus originally sold this aircraft in brand-new condition in 2021.\n\n2. The Court should approve the proposed settlement with Cirrus under Bankruptcy Rule 9019, because it represents a sound exercise of the Debtor's business judgment. The\n\nsettlement will result in a favorable disposition of the SF50 Aircraft recovered from Qiang Guo (*i.e.*, \"Mileson,\" the Debtor's son) and it will resolve the claims that remain pending against Cirrus in this Adversary Proceeding without the estate incurring further litigation expense.\n\n3. The Court should also approve the sale of the SF50 Aircraft pursuant to Civil Rule 69 (made applicable to this Adversary Proceeding under Bankruptcy Rule 7069) and Connecticut's statutes governing enforcement of judgments, as well as under section 363 of the Bankruptcy Code. The proposed sale as the cornerstone of the Trustee's settlement with Cirrus is both commercially reasonable and in best interests of the Debtor's estate.\n\n# **II. BACKGROUND**\n\n# **A. Commencement of Chapter 11 Case and Appointment of Chapter 11 Trustee**\n\n4. On February 15, 2022 (the \"Petition Date\"), the Debtor filed with the Court a voluntary petition for relief under chapter 11 of the Bankruptcy Code.\n\n5. On March 21, 2022, the United States Trustee appointed an official committee of unsecured creditors (\"Committee\") in this Chapter 11 Case. No examiner has been appointed in the Chapter 11 Case.\n\n6. On June 15, 2022, the Court entered an order directing the United States Trustee to appoint a chapter 11 trustee. [Main Case ECF No. 465].[2](#page-2-0)\n\n7. On July 7, 2022, the United States Trustee filed the notice and application with respect to the appointment of Luc A. Despins as the chapter 11 trustee in the Debtor's case pursuant to section 1104(d) of the Bankruptcy Code [Main Case ECF No. 515]. On July 8, 2022, the\n\n2 References to \"Main ECF No. \\_\\_\\_\" mean and refer to items on the docket of the main Chapter 11 Case, *i.e.*, Case No. 22-50073 (Bankr. D. Conn.). References to \"Adv. ECF No.\\_\\_\\_\" mean and refer to items on the docket of the Adversary Proceeding.\n\nBankruptcy Court entered an order granting the appointment of the Trustee in the Debtor's case. [Main Case ECF No. 523].\n\n# **B. Mileson Obtains Beneficial Ownership Interests in Cirrus Aircraft Pursuant to Debtor's Fraudulent Transfers**\n\n8. Qiang Guo is the Debtor's son and a defendant in the Adversary Proceeding. He is also a defendant in numerous other adversary proceedings, several of which address avoidable transfers paid to or for the benefit of Qiang Guo. *See, e.g.*, *Despins v. Qiang Guo* [Adv. Proc. No. 24-5238]; *Despins v. RM Auctions Deutschland GMBH, et al.* [Adv. Proc. No. 24-5245]; *Despins v. Qiang Guo* [Adv. Proc. No. 25-5048].\n\n9. In 2019, the Debtor, through his alter ego Leading Shine NY Ltd., transferred \\$845,000.00 to Cirrus (the \"Cirrus 2019 Transfer\"). That same year, Qiang Guo obtained beneficial ownership of a Cirrus SR22T aircraft, Serial Number 1914, Registration Number N123VP (the \"SR22T Aircraft\" and, together with the SF50 Aircraft, collectively, the \"Cirrus Aircraft\"), a high-performance single-engine propeller aircraft.\n\n10. On October 10, 2019, Qiang Guo, as \"Trustor,\" executed a Trust Agreement with Aviation Trust Company (a limited liability company organized and existing under the laws of the State of Oklahoma) (\"ATC\"), as \"Owner Trustee\" (the \"SR22T Trust Agreement\"). Pursuant to the SR22T Trust Agreement, title to the SR22T Aircraft was conveyed to ATC, to be held for the \"use and benefit\" of Qiang Guo. *See Declaration of Patrick R. Linsey* in support of Execution Motion (the \"Linsey Declaration\"), Ex. A, at art. 2.[3](#page-3-0) Pursuant to a contemporaneously executed Aircraft Operating Lease Agreement (the \"SR22T Operating Agreement\"), Qiang Guo retained the \"exclusive right to possess, use and operate [the SR22T Aircraft].\" *Id.*, Ex. B, at § 4. This\n\n3 The Linsey Declaration was filed together with the Execution Motion and is available at ECF No. 47 on the docket of the Adversary Proceeding.\n\ntrust arrangement permitted Qiang Guo, a foreign national who does not hold permanent residency status in the United States, to beneficially own an aircraft that was registered with the FAA.[4](#page-4-0)\n\n11. On or about August 25, 2019, Qiang Guo executed a purchase agreement with Cirrus pursuant to which Qiang Guo agreed to purchase the SF50 Aircraft for a total price of \\$3,014,700 (the \"SF50 Purchase Agreement\"). Linsey Declaration, Ex. C. The SF50 Aircraft is a Cirrus SF50 G2+ Series single-engine \"personal jet\" aircraft.\n\n12. In 2021, the Debtor, through his alter egos Lamp Capital LLC (\"Lamp Capital\") and HCHK Technologies Inc. (\"HCHK Technologies\" and, together with Leading Shine and Lamp Capital, collectively, the \"Alter Egos\"), transferred at least \\$3,070,140.00 to Cirrus (the \"Cirrus 2021 Transfers\" and, together with the Cirrus 2019 Transfer, collectively, the \"Cirrus Transfers\").\n\n13. The Cirrus 2021 Transfers provided funding for Qiang Guo's purchase, pursuant to the SF50 Purchase Agreement, of the SF50 Aircraft.\n\n14. To conceal Qiang Guo's beneficial ownership of the SF50 Aircraft, Qiang Guo obtained the aircraft through Qiang Guo's shell company, Amazing Sky Aviation Limited (\"Amazing Sky\"). As with the SR22T Aircraft, ATC held title to the SF50 Aircraft. Linsey Declaration, Ex. G.\n\n15. Thus, on December 16, 2021, Amazing Sky, as Trustor, and ATC, as Owner Trustee, executed a Trust Agreement (the \"SF50 Trust Agreement\"), whereby title to the SF50 Aircraft was conveyed to ATC, to be held for the \"use and benefit\" of Amazing Sky. *Id.*, Ex. H,\n\n4 Federal law restricts United States registration of aircraft to aircraft owned by (a) a citizen of the United States, (b) a foreign national lawfully admitted for permanent residence in the United States, (c) a corporation lawfully organized under federal or (U.S.) state law provided the aircraft is based and primarily used in the United States, or (d) a (U.S.) governmental entity.*See generally* \"Information to Aid in the Registration of U.S. Civil Aircraft, Federal Aviation Administration (\"FAA\"), *available at* [http](http) (last visited Oct. 31, 2025); 49 U.S.C. § 44103; 14 C.F.R. § 47.3.\n\nat art. 2. Pursuant to a contemporaneously executed Aircraft Operating Lease Agreement (the \"SF50 Operating Agreement\" and, together with the SF50 Trust Agreement, collectively, the \"SF50 Trust Documents\"), Amazing Sky retained the \"exclusive right to possess, use and operate [the SF50 Aircraft].\" *Id.*, Ex. J, at § 4.\n\n16. On or about March 5, 2024, less than a month after the Trustee commenced this Adversary Proceeding, without notice to the Trustee or the Court, Qiang Guo caused the SR22T Aircraft to be sold to an individual in the United Kingdom. *Id.*, Exhibits K and L.\n\n# **C. Trustee Sues Cirrus for Fraudulent Transfers and Qiang Guo for Receiving Benefit of Transfers Funding Purchase of Aircraft for Qiang Guo and Court Enters \\$3,915,140.00 Money Judgment Against Qiang Guo and Determines He Received Benefit of Fraudulent Transfers**\n\n17. On February 14, 2024, the Trustee commenced this Adversary Proceeding by filing an adversary complaint [Adv. ECF No. 1] (the \"Complaint\") against defendants Cirrus and Qiang Guo to avoid and recover the Cirrus Transfers.\n\n18. The first four claims in the Complaint seek to avoid and recover the Cirrus Transfers or their value as actual and constructive fraudulent transfers under the Bankruptcy Code and New York State fraudulent transfer law (the \"Cirrus Claims\"). [5](#page-5-0)\n\n19. Cirrus filed a motion for judgment on the pleadings in the Adversary Proceeding based on the brief jointly filed by numerous avoidance defendants, which motion the Court has denied. [Adv. ECF Nos. 21, 57.] The Cirrus Claims are otherwise presently subject to a mediation stay.\n\n5 Under the Qiang Guo Cirrus Judgment (as defined below), the Cirrus Claims remain pending and were not impacted by the Court's entry of judgment against Qiang Guo, and all rights of the Trustee and Cirrus are reserved. Qiang Guo Cirrus Judgment ¶ 6. The Trustee has stipulated not to use the Qiang Guo Cirrus Judgment, whether as law of the case or otherwise, against Cirrus. *Id.*\n\n20. The fifth claim of the Complaint sought recovery from Qiang Guo of the value of the Cirrus Transfers, because he received the benefit of the Cirrus Transfers. *See* 11 U.S.C. § 550(a)(1).\n\n21. On September 23, 2024, the Clerk entered default against Qiang Guo for failing to plead or otherwise defend pursuant to Civil Rule 55(a). [Adv. ECF No. 18.] On October 28, 2024, the Trustee moved for the Court to enter a default judgment against Qiang Guo on the fifth claim of the Complaint. [Adv. ECF No. 23.]\n\n22. On November 20, 2024, the Court entered its *Order Granting Motion of Chapter 11 Trustee for Estate of Ho Wan Kwok for Entry of Default Judgment Against Qiang Guo* [Adv. ECF No. 35] (the \"Qiang Guo Cirrus Judgment\"). The Qiang Guo Cirrus Judgment expressly determined that Qiang Guo received the benefit of the Cirrus Transfers and entered a money judgment against Qiang Guo in the amount of \\$3,915,140.00. *Id.* ¶ 3.\n\n# **D. Court Approves Execution and Orders Turnover of SF50 Aircraft, and Trustee Obtains Title to and Possession of SF50 Aircraft**\n\n23. On February 19, 2025, the Trustee filed under seal his amended motion for entry of an order of execution and turnover and related relief as to the SF50 Aircraft [Adv. ECF No. 47] (the \"Execution Motion\"), which the court granted by order dated February 20, 2025 [Adv. ECF No. 51] (as supplemented, the \"Execution Order\"). The Execution Motion was filed *ex parte* and under seal [Adv. ECF Nos. 48, 50], and the Execution Order was entered subject to Qiang Guo's right to seek to dissolve the order upon its unsealing, *see* Execution Order .\n\n24. The Execution Order determined that ATC held legal title to the SF50 Aircraft for Qiang Guo and that any rights or interest held by Amazing Sky with respect to the SF50 Aircraft were held solely for the benefit of Qiang Guo. Execution Order at ¶ 3. The Court further directed ATC to turn over title to the SF50 Aircraft (the \"SF50 Title\") to the Trustee and ordered that upon transfer of title neither Qiang Guo nor Amazing Sky shall retain any rights or interests with respect to the SF50 Aircraft except as provided in the Execution Order. *Id.* ¶¶ 5-6. And the Court authorized the Trustee to obtain possession of the SF50 Aircraft. *Id.* ¶ 8.\n\n25. The Execution Motion was filed and granted to permit the Trustee to obtain possession of the SF50 Aircraft in contemplation of a future sale of the aircraft in execution of the Qiang Guo Cirrus Judgment. *See* Execution Motion at ¶¶ 3, 38, 55; Execution Order ¶ 10.\n\n26. On February 24, 2025, ATC transferred the SF50 Title to the Trustee in compliance with the Execution Order.\n\n27. On March 5, 2025, the Trustee (through his repossession agent, Sage-Popovich, Inc. (\"SPI\")) obtained possession of the SF50 Aircraft in Guernsey (which is part of the British Isles).\n\n28. On March 7, 2025, pursuant to the Execution Order, the Trustee filed his *Notice of Possession of SF50 Aircraft* [Adv. ECF No. 61] (the \"SF50 Aircraft Possession Notice\") stating that the Trustee obtained possession of the SF50 Aircraft and will hold it and the SF50 Title pending further order of the Court as to the terms and procedures for the sale of the SF50 Aircraft. On the same date, the Trustee served on Qiang Guo: (a) the SF50 Aircraft Possession Notice; (b) the Execution Motion and the Execution Order; and (c) the Property Execution Application/Order and the Exemption Claim Form (as these terms are defined in the Execution Order).\n\n29. On or about March 11, 2025, the Execution Motion and the Execution Order were unsealed. [Adv. ECF No. 64.] To date, Qiang Guo (who is not appearing in the Adversary Proceeding) has not sought to dissolve the Execution Order, nor has Qiang Guo filed an Exemption Claim Form.\n\n# **E. Preparation of SF50 Aircraft for Sale and Assistance by Cirrus**\n\n30. Following entry of the Execution Order and the transfer of the SF50 Title to the Trustee, the Trustee has prepared the SF50 Aircraft to be sold.\n\n31. The Trustee first undertook repairs and maintenance of the aircraft so that it could be returned to the United States. This included repairs and maintenance necessary to safely operate the aircraft. Thereafter, on or about June 2, 2025, the Trustee (through SPI) caused the SF50 Aircraft to be flown from Guernsey to the United States.\n\n32. Since that time, SPI has maintained possession of the SF50 Aircraft, and the Trustee has explored various options to sell the aircraft.\n\n33. Among these options, the Trustee has considered selling the aircraft through a sale brokered by SPI. In connection with the potential engagement, SPI surveyed the marketplace for aircraft similar to the SF50 Aircraft (*i.e.*, Cirrus SF50 G2+ series aircraft) in May 2025 and advised the Trustee, among other things, that: (a) comparable aircraft were listed for sale with an average asking price of \\$3.145 million;[6](#page-8-0) (b) most of these comparable aircraft were manufactured more recently than the SF50 Aircraft; and (c) privately owned aircraft listed for sale typically sell for below their asking price. SPI quoted the Trustee a discounted broker's fee of 3% (three percent) of the sale price. Without formal marketing of the aircraft, SPI has identified a buyer prepared to pay \\$2.6 million for the SF50 Aircraft.\n\n34. As a further data point relevant to the liquidation value of the SF50 Aircraft, the Trustee has considered Qiang Guo's efforts in early 2025 to sell the SF50 Aircraft to a business entity in the United Kingdom (the \"UK Buyer\"). Ultimately, the Trustee obtained the SF50 Title\n\n6 SPI noted nearly two dozen Cirrus SF50 G2+ series aircraft listed for sale within the preceding 12 months with disclosed list prices.\n\nand possession of the SF50 Aircraft before Qiang Guo could complete this sale. However, the Trustee has noted that under a sale and purchase agreement with the UK Buyer dated January 16, 2025, Qiang Guo (acting through his agent, Farhad Zabeti) agreed to sell the SF50 Aircraft to the UK Buyer for 2.4 million GBP (an amount equivalent, as of the date of the agreement, to approximately \\$2.94 million).\n\n35. Following entry of the Execution Order and the transfer of the SF50 Title to the Trustee, Cirrus assisted the Trustee in obtaining possession of the SF50 Aircraft and in performing maintenance and repairs. For example, Cirrus delivered keys to the SF50 Aircraft to SPI on an expedited basis (using one of its own private aircraft), which assisted the Trustee's repossession agent in accessing and operating the aircraft. Cirrus also expedited deliveries to Guernsey of parts required for repairs and maintenance of the aircraft.\n\n36. Cirrus employees also traveled to Gary, Indiana, to undertake an inspection of the SF50 Aircraft on or about June 30, 2025 (the \"Inspection\"). Cirrus has represented to the Trustee that its Inspection is completed and that it understands the Sale to Cirrus as proposed by this Motion will be in \"as is\" condition.\n\n# **F. Qiang Guo Service Procedures**\n\n37. On April 22, 2025, the Trustee filed a motion in the Chapter 11 Case and in various adversary proceedings in which Qiang Guo was a party, including the Adversary Proceeding at issue in this Motion, requesting approval of procedures governing service of documents on Qiang Guo [Main ECF No. 4338, Adv. ECF No. 78] (the \"Service Procedures Motion\").\n\n38. On September 25, 2025, the Court granted the Service Procedures Motion by entry of its *Order Regarding Service Procedures* [Main ECF No. 4684, Adv. ECF No. 91] (the \"Service Procedures Order\").\n\n#### **III. REQUESTED RELIEF**\n\n39. By this Motion the Trustee seeks entry of the Proposed Order, pursuant to sections 105(a), 363(b), and 363(f) of the Bankruptcy Code, Rule 69 of the Civil Rules, Rules 2002, 6004(c), 7069, 9014, and 9019 of the Bankruptcy Rules, and Local Rules 6004-1, 6004-2, and 9019-1 (i) approving and authorizing the Trustee's settlement with Cirrus of the Cirrus Claims; (ii) authorizing and approving the sale of the SF50 Aircraft to Cirrus; and (iii) granting related relief. **Cirrus has confirmed its agreement to the terms of the Proposed Order by execution of its Assent to the Proposed Order, appended hereto as Exhibit 2**.\n\n#### **IV. PROPOSED SETTLEMENT WITH CIRRUS**\n\n40. Since the Court entered the Execution Order and the Trustee obtained possession of the SF50 Aircraft, the Trustee and Cirrus, through its counsel, have sought to negotiate a settlement of the Trustee's claims against Cirrus in this Adversary Proceeding.\n\n41. Ultimately, the Trustee has agreed, subject to approval by the Court, to settle the Cirrus Claims against Cirrus upon the following material terms (as more specifically set forth in the Proposed Order):[7](#page-10-0)\n\na. Within ten (10) business days of the entry of Proposed Order granting this Motion, Cirrus shall: (i) pay to the Trustee by wire transfer \\$3,500,000.00 in immediately available funds (the \"Settlement Amount\"); and (ii) execute and provide to the Trustee a release in the form appended to the Proposed Order as Exhibit A (the \"Cirrus Release\");\n\nb. Contemporaneously with the Trustee's receipt of the Settlement Amount and the Cirrus Release, the Trustee shall: (a) execute and provide to Cirrus a Bill of Sale\n\n7 The settlement and sale terms as summarized and discussed in this Motion are subject to the complete terms of the Proposed Order. In the event of any inconsistency of conflict between the foregoing, the Proposed Order shall control.\n\nwith respect to the SF50 Aircraft in the form attached to the Proposed Order as Exhibit B (the \"Sale\"); (b) execute and provide to Cirrus a release in the form appended to the Proposed Order as Exhibit C (the \"Trustee Release\" and, together with the Cirrus Release, collectively, the \"Releases\"); and (c) file a notice of dismissal in the Adversary Proceeding dismissing the Cirrus Claims against Cirrus only.[8](#page-11-0)\n\n# **V. SUMMARY OF MATERIAL TERMS OF SETTLEMENT/SALE**\n\n42. The chart below sets forth the material terms of the proposed settlement (including\n\nthe Sale) as more specifically provided in the Proposed Order.\n\n| Provision | Summary Description |\n|----------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|\n| Parties | Luc A. Despins, solely in his capacity as chapter 11 trustee for
the estate of Ho Wan Kwok, and not in his personal capacity
Cirrus Design Corporation |\n| Settlement Amount | Total: \\$3,500,000.00
(i.e., the Settlement Amount), which shall |\n| | be paid within 10 business days
of Court approval of the
Proposed Order (the \"Settlement Order\") |\n| Property to Be Sold | SF50 Aircraft |\n| Closing | Transfer of the SF50 Title from the Trustee to Cirrus will occur
contemporaneously with Cirrus's payment of the Settlement
Amount to the Trustee and its provision of the Cirrus Release to
the Trustee.
The Closing shall be held at Cirrus' facility in Knoxville. TN. |\n| Sales/Conveyance Tax | Cirrus will be responsible for payment of any sales or
conveyance taxes with respect to the Sale of the SF50 Aircraft. |\n\n8 For the avoidance of doubt, dismissal of the Cirrus Claims against Cirrus shall not impair the Trustee's rights under the Qiang Guo Cirrus Judgment, *provided, however*, upon the Trustee's receipt of the Settlement Amount, such amount shall be credited against Qiang Guo's liability under the Qiang Guo Cirrus Judgment.\n\n| Provision | Summary Description |\n|--------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|\n| Representations and
Warranties | Cirrus represents that it has completed its Inspection of the SF50
Aircraft and that, upon Closing, Cirrus
will be deemed to have
accepted the SF50 Aircraft
in its \"as is\" condition. The Trustee
has
given no warranty, either express or implied, and makes
no
representation as to the condition of the SF50 Aircraft.
Cirrus further represents that it
(a) has no affiliation with the
Debtor
or Debtor Associates (as defined herein, including Qiang
Guo); (b) Cirrus has no agreement with and is not acting on
behalf of the Debtor or Debtor Associates; and (c) all payments
to be made by Cirrus in connection with the Sale are disclosed
by this Motion. |\n| Releases and Dismissal | The Trustee and Cirrus shall exchange the Releases as provided
in the Proposed Order and the Trustee shall dismiss the Cirrus
Claims against Cirrus in the Adversary Proceeding. |\n| Exclusive Bankruptcy
Court Jurisdiction | This Court will have exclusive jurisdiction over any claim or
dispute in respect of or arising out of the Sale, and the parties
irrevocably submit to the exclusive jurisdiction of this Court,
waive any objection they now or hereafter may have to venue or
convenience of forum, agree that all claims relating to the Sale
will be decided in this Court, and, further, not to bring any claim
relating to the Sale
in any other court. |\n\n# **VI. COMPLIANCE WITH LOCAL RULE 6004-2(c)**\n\n43. In accordance with Local Rule 6004-2(c), the Trustee further states:\n\n| Local Rule 6004-2
Disclosure | Terms of Sale |\n|------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|\n| Sale to Insider
(Local Rule 6004-2(c)(1)) | Cirrus
is not an insider within the meaning of section 101(31) of
the Bankruptcy Code. |\n| Agreements with
Management
(Local Rule 6004-2(c)(2)) | Not applicable. |\n| Releases
(Local Rule 6004-2(c)(3)) | The Trustee and Cirrus will exchange the Releases as provided
in the Proposed Order. Upon the Closing (as defined herein) the
Trustee shall dismiss the Cirrus Claims against Cirrus in the
Adversary Proceeding with prejudice. |\n\n| Local Rule 6004-2 | Terms of Sale |\n|-----------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|\n| Disclosure
Private Sale/No
Competitive Bidding
(Local Rule 6004-2(c)(4)) | While the Trustee does not contemplate
conducting an auction,
the Trustee has considered various sale options
as discussed in
this Motion. The Trustee is also aware that Cirrus is not prepared
to settle the Cirrus Claims on economic terms acceptable to the
Trustee in the absence of the Sale of the SF50 Aircraft to Cirrus.
Considering
information reviewed by the Trustee, including that
supplied by
SPI as well as that related to
Qiang Guo's efforts to
sell the aircraft prior to the Trustee obtaining the SF50 Title;
and
further considering the
economics of the proposed settlement,
including the Settlement Amount, the
reduced transaction costs
of the Sale proposed by this Motion (including the absence of
any broker's commission),
and the savings in attorneys' fees
incurred by the estate through resolution of the Cirrus Claims;
the Trustee believes that the economics of the Sale as a necessary
component of the proposed settlement are superior to those the
Trustee is reasonably likely to obtain through an auction
or
through a private sale to an alternative buyer. |\n| Closing and Other
Deadlines
(Local Rule 6004-2(c)(5)) | Transfer of the SF50 Title from the Trustee to Cirrus
(the
\"Closing\")
will occur contemporaneously with
Cirrus's payment
of the Settlement Amount and provision of the Cirrus Release to
the Trustee, which Cirrus shall pay and provide
within 10
business days
of
entry of the Settlement Order |\n| Good Faith Deposit
(Local Rule 6004-2(c)(6)) | Cirrus has not paid
a deposit. |\n| Interim Arrangements
with Proposed Buyer
(Local Rule 6004-2(c)(7)) | There are no interim arrangements with Cirrus. |\n\n| Local Rule 6004-2 | Terms of Sale |\n|--------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|\n| Disclosure | |\n| Use of Proceeds
(Local Rule 6004-2(c)(8)) | The Settlement Amount will be paid to the Trustee for the benefit
of the Debtor's Estate. The Settlement Amount less any costs
and expenses (the \"Expenses\") incurred by the Trustee in
connection with obtaining possession of and selling the SF50
Aircraft (the \"Net Proceeds\") will be applied to the Qiang Guo
Cirrus Judgment. The Trustee shall file a statement disclosing
the Expenses within fourteen (14) days of the Closing. After
Closing, the Trustee shall retain a money judgment against Qiang
Guo for the amount of the
original Qiang Guo Cirrus Judgment
less the Net Proceeds.
To the extent there are any liens on the SF50 Aircraft, such liens |\n| | will attach to the proceeds, subject to the Trustee's right to
9
contest these liens. |\n| Tax Exemption
(Local Rule 6004-2(c)(9)) | The Trustee is not seeking to have the sale declared exempt from
taxes under section 1146(a) of the Bankruptcy Code. |\n| Record Retention
(Local Rule 6004-2(c)(10)) | Not applicable. |\n| Sale of Avoidance Actions
(Local Rule 6004-2(c)(11)) | The Trustee is not seeking to sell any avoidance actions. |\n| Requested Findings and
Order as to Successor
Liability
(Local Rule 6004-2(c)(12)) | The Trustee is not requesting any findings as to successor
liability claims. |\n| Sale Free and Clear of
Unexpired Leases
(Local Rule 6004-2(c)(13)) | There are no unexpired leases affecting the SF50 Aircraft.
Pursuant to the Execution Order, the SF50 Operating Agreement
ceased to be of any force and effect upon the Trustee obtaining
the SF50 Title. Execution Order ¶
6. |\n| Credit Bid
(Local Rule 6004-2(c)(14)) | Not applicable. |\n| Relief from Bankruptcy
Rule 6004(h)
(Local Rule 6004-2(c)(15)) | The Trustee seeks relief from the fourteen-day stay imposed by
Bankruptcy Rule 6004(h) to permit the Sale to close as soon
possible upon approval by this Court. |\n\n9 The Trustee obtained a title search for the SF50 Aircraft in February 2025, which indicated that no liens exist with respect to the aircraft.\n\n| Local Rule 6004-2 | Terms of Sale | | |\n|---------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------|--|--|\n| Disclosure | | | |\n| Carve-Outs and/or \"Gifts\"
(Local Rule 6004-2(c)(16)) | Not applicable. | | |\n| Residual Assets
(Local Rule 6004-2(c)(17)) | The Sale is not a sale of substantially all of the assets of the estate.
Additional assets will exist following closing. | | |\n\n# **VII. BASES FOR RELIEF**\n\n# **A. Settlement Should Be Approved Pursuant to Bankruptcy Rule 9019**\n\n44. The Court should approve the proposed settlement between the Trustee and Cirrus, which represents a favorable outcome for creditors of the Debtor's estate.\n\n45. To approve a compromise and settlement under Bankruptcy Rule 9019, a Bankruptcy Court should find that the compromise and settlement is fair and equitable, reasonable, and in the best interests of the Debtor's Estate. *See, e.g.*, *Air Line Pilots Ass'n, Int'l v. Am. Nat'l Bank & Tr. Co. of Chi. (In re Ionosphere Clubs, Inc.),* 156 B.R. 414, 426 (S.D.N.Y. 1993.), *aff'd*, 17 F.3d 600 (2d Cir. 1994) (citations omitted); *In re Enron Corp.,* No. 02 Civ. 8489(AKH), 2003 WL 230838, at \\*2 (Bankr. S.D.N.Y. Jan. 31, 2003). The decision to approve a particular settlement lies within the sound discretion of the Court. *See Nellis v. Shugrue*, 165 B.R. 115, 122-23 (S.D.N.Y. 1994).\n\n46. Importantly, the \"settlement need not be the best that the debtor could have obtained.\" *In re Adelphia Commc'ns Corp.*, 327 B.R. 143, 159 (Bankr. S.D.N.Y. 2005) (citing *In re Penn Cent. Transp. Co.*, 596 F.2d 1102, 1114 (3d Cir. 1979)). Instead, the Court needs only \"canvass the issues and see whether the settlement falls below the lowest point in the range of reasonableness.\" *Id.* (citing *In re W.T. Grant Co.*, 699 F.2d 599, 608 (2d Cir. 1983)). In deciding whether a particular settlement falls within the \"range of reasonableness,\" courts consider the following factors:\n\n(1) the balance between the litigation's possibility of success and the settlement's future benefits; (2) the likelihood of complex and protracted litigation, \"with its attendant expense, inconvenience, and delay\" . . . ; (3) the \"paramount interests of the creditors,\" including each affected class's relative benefits \"and the degree to which creditors either do not object to or affirmatively support the proposed settlement\"; (4) whether other parties in interest support the settlement; (5) the \"competency and experience of counsel\" supporting, and \"[t]he experience and knowledge of the bankruptcy court judge\" reviewing, the settlement; (6) \"the nature and breadth of releases to be obtained by officers and directors\"; and (7) \"the extent to which the settlement is the product of arm's length bargaining.\"\n\n*In re Iridium Operating Llc*, 478 F.3d 452, 462 (2d Cir. 2007).\n\n47. In negotiating the proposed settlement (of which the Sale transaction is the cornerstone), the Trustee considered, among other things: (a) the Trustee's view as to the strength of the Cirrus Claims (including based on his investigation of Qiang Guo's acquisition of the Cirrus Aircraft); (b) the fact that Cirrus is well resourced and represented by capable and experienced counsel; (c) the costs (including attorneys' fees) and uncertainties of further litigation in this Adversary Proceeding; (d) the likely market value of the SF50 Aircraft if the Trustee were to market the aircraft directly based on, among other things, information provided by SPI and the purchase price negotiated by the UK Buyer; (e) that a sale to a buyer other than Cirrus would likely require the Trustee to incur additional transaction costs (including, among other things, payment of a broker's commission); and (f) material assistance that Cirrus provided to the Trustee following the Court's entry of the Execution Order and transfer of the SF50 Title to the Trustee. Notably, the \\$3.5 million Settlement Amount is substantially higher than the likely sale price of the SF50 Aircraft in a sale by the Trustee to another buyer, because the Sale to Cirrus is one element of the broader settlement.\n\n48. The proposed settlement represents a prudent exercise of the Trustee's business judgment. The settlement will yield substantially more for the estate than the Trustee would obtain in in a sale of the SF50 Aircraft to another buyer, thus obtaining nearly 90% of the Cirrus Transfers for the benefit of the estate without incurring substantial transaction costs or further litigation expense.\n\n# **B. Sale of SF50 Aircraft Should Be Approved Pursuant to Conn. Gen. Stat. Section 52-356a and Bankruptcy Code Section 363(b)**\n\n49. The Court has already entered the Execution Order authorizing the Trustee's execution upon the SF50 Aircraft in enforcement of the Qiang Guo Cirrus Judgment pursuant to Civil Rule 69 (made applicable pursuant to Bankruptcy Rule 7069) and Conn. Gen. Stat. section 52-356a, *et seq*. Pursuant to the Execution Order, the SF50 Title has been transferred to the Trustee in contemplation of a sale upon terms approved by the Court. Upon execution, Connecticut statutes governing enforcement of judgments provide for the sale of levied property under commercially reasonable conditions. *See* Conn. Gen. Stat. § 52-356a(b). [10](#page-17-0)\n\n50. Section 363(b) of the Bankruptcy Code authorizes a trustee to sell assets other than in the ordinary course of its business after notice and hearing. *See* 11 U.S.C. § 363(b). Additionally, Bankruptcy Rule 6004(f) authorizes a trustee to sell estate property outside of the ordinary course of business by private sale or public auction. Fed. R. Bankr. P. 6004(f).\n\n51. The decision to sell assets outside of the ordinary course of business is based upon the sound business judgment of the trustee. *See e.g. In re Chateaugay Corp*., 973 F.2d 141 (2d\n\n10 Civil Rule 69(a), applicable in the Adversary Proceeding under Bankruptcy Rule 7069, \"does not require strict adherence to state procedural law … Substantial compliance with state procedure may be sufficient.\" *SEC v. Bronson*, No. 12-cv-6421 (KMK), 2023 U.S. Dist. LEXIS 171056, at \\*4 (S.D.N.Y. Sep. 20, 2023) (cleaned up, internal citations omitted). \"That is because proceedings to enforce judgments are meant to be swift, cheap, informal.\" *SEC v. Mulholland*, No. 12-cv-14663, 2017 U.S. Dist. LEXIS 190387, at \\*37 (E.D. Mich. Nov. 17, 2017) (cleaned up) (citing 12 Charles Alan Wright and Arthur R. Miller, *Federal Practice and Procedure*, § 3012, \"What Law Governs,\" (3d ed. 2014); *Resolution Tr. Corp. v. Ruggiero*, 994 F.2d 1221, 1226 (7th Cir. 1993) (\"We do not think the draftsmen of Rule 69 meant to put the judge into a procedural straitjacket, whether of state or federal origin.\")). Thus, the Second Circuit has counseled a \"flexible approach to Rule 69(a).\" *See Mitchell v. Lyons Prof'l Servs.*, 727 F. Supp. 2d 120, 124 (E.D.N.Y. 2010) (discussing *Chambers v. Blickle Ford Sales, Inc.*, 313 F.2d 252 (2d Cir. 1963) (approving of a judgment enforcement procedure that \"accords with the spirit of the Rules and seems to be a sufficiently close adherence to state procedures\")).\n\nCir. 1992); *Comm. of Equity Security Holders v. Lionel Corp (In re Lionel Corp.)*, 772 F.2d 1063, 1071 (2d Cir 1983). The trustee has broad discretion to determine the manner in which its assets are sold and private sales outside the ordinary course of business are permissible pursuant to section 363(b) of the Bankruptcy Code. *See In re Bakalis*, 220 B.R. 525, 531 (Bankr. E.D.N.Y. 1998) (noting trustee has authority to conduct a sale of estate property through private sale); *see, e.g., Palermo v. Pritam Realty, Inc. (In re Pritam Reality, Inc.)*, 233 B.R. 619 (D. P.R. 1999) (upholding the bankruptcy court's approval of a private sale conducted by a chapter 11 debtor); *In re MF Glob. Inc.*, 535 B.R. 596 608 (Bankr. S.D.N.Y. 2015) (approving a private sale of a chapter 11 debtor's assets where the standards of section 363(b) were met). Courts have approved private sales where the benefits of such outweigh the delay and expense of conducting a public sale. *See In re Dewey & Leboeuf LLP*, 2012 Bankr. LEXIS 5116 at \\*17-18 (Bankr. S.D.N.Y. Nov. 1, 2012) (finding good business justification to sell property through a private sale where public sale would be more costly).\n\n52. The Trustee respectfully submits that good cause exists to waive the requirement of a public sale under Local Rule 6004-1 in light of the particular facts and circumstances set forth herein. The Trustee has undertaken due diligence with respect to the liquidation value of the SF50 Aircraft, *see ¶¶* 33, 34 *supra*, and understands that the Sale to Cirrus as an essential element of the proposed settlement will realize substantially greater value for the estate than the estate would realize if the Trustee were to sell the aircraft in a public auction. The Sale as proposed by this Motion will also allow the Trustee to avoid additional transaction costs (including a broker's commission which, even under the commission structure offered by SPI, could approach six figures).\n\n53. Once a court is satisfied that there is a sound business justification for a proposed sale, the court must then determine whether (i) the trustee has provided the interested parties with adequate and reasonable notice, (ii) the sale price is fair and reasonable, and (iii) the purchaser is proceeding in good faith. *See In re Betty Owens Sch., Inc*., No. 1997 WL 188127, at \\*4 (S.D.N.Y. 1997).\n\n54. As detailed in this Motion, there is a strong business justification for the Sale of the SF50 Aircraft to Cirrus. Through the Sale, negotiated as part of a settlement that will also resolve the Cirrus Claims against Cirrus, the Trustee will obtain substantially greater value for the estate than the Trustee would obtain in a sale to another buyer. Cirrus has already performed its Inspection of the SF50 Aircraft and is prepared to accept the aircraft immediately in \"as is\" condition.[11](#page-19-0) Indeed, the Settlement Amount to be paid by Cirrus exceeds (by nearly half a million dollars) the original purchase price for which Cirrus sold the SF50 Aircraft in brand-new condition in 2021. Additionally, the Trustee will avoid the expense of a brokered sale of the SF50 Aircraft (including a broker's commission, as well as professional fees in connection with negotiating letters of intent and a purchase and sale agreement with respect to the aircraft).\n\n55. Because the Sale will result in the estate realizing greater value than it is likely to obtain under any alternative disposition of the aircraft, it is plainly commercially reasonable. *See* Conn. Gen. Stat. § 52-356a(b). Moreover, since the Execution Order entered and Qiang Guo was provided notice of same, Qiang Guo has neither contested the relief provided in the Execution Order nor has he filed an Exemption Claim Form with respect to the aircraft. Consistent with the\n\n11 Cirrus is well positioned to settle upon these terms, because—as the manufacturer and seller of this type of aircraft—it is capable of marketing and selling the aircraft without incurring substantial transaction costs. As the product manufacturer, Cirrus can also potentially offer more attractive sale terms than can the Trustee as a private seller (*e.g.*, Cirrus may include ancillary services and benefits, such as training to operate the aircraft and/or warranties for parts and maintenance).\n\nExecution Order, Qiang Guo will also be served with a copy of this Motion. In any event, Qiang Guo could not plausibly claim to be prejudiced by the Trustee undertaking the Sale as part of the proposed settlement, inasmuch as the Net Proceeds[12](#page-20-0) of the settlement will be applied to the Qiang Guo Cirrus Judgment, thus reducing Qiang Guo's liability under the judgment. [13](#page-20-1)\n\n56. Likewise, in accordance with Local Rule 6004-2(g), the Trustee will serve a copy of this Motion on all parties that have expressed an interest in purchasing the SF50 Aircraft (meaning the UK Buyer and any potential buyers that expressed interest in the aircraft to SPI). And the proposed settlement, including the Sale, is the product of good-faith, arm's-length negotiations between the Trustee and Cirrus.\n\n57. For the reasons stated above, the Trustee submits that the Sale of the SF50 Aircraft to Cirrus as part of the proposed settlement is commercially reasonable and is in the best interests of the estate and should be approved under Conn. Gen. Stat. section 52-356a, *et seq*. and section 363(b) of the Bankruptcy Code.\n\n# **C. Sale of SF50 Aircraft Free and Clear of Liens, Claims, Interests, and Encumbrances Should Be Authorized Pursuant to Bankruptcy Code Section 363(f), Subject to Terms of Settlement Order**\n\n58. Section 363(f) of the Bankruptcy Code authorizes a trustee to sell assets free and\n\nclear of liens, claims, interests, and encumbrances if:\n\n- a. applicable non-bankruptcy law permits sale of such property free and clear of such interests;\n- b. such entity consents;\n- c. such interest is a lien and the price at which such property is to be sold is greater than the aggregate value of all liens on such property;\n- d. such interest is in bona fide dispute; or\n\n12 Deduction of the Expenses from the Settlement Amount is consistent with Conn. Gen. Stat. § 52-356a(d).\n\n13 Qiang Guo remains liable to the estate under the separate default judgment entered by the Court in Adv. Proc. No. 24-5238, and the Trustee has pending claims against Qiang Guo in multiple other adversary proceedings, all of which the Trustee will continue to prosecute and enforce for the benefit of the estate.\n\ne. such entity could be compelled, in a legal or equitable proceeding, to accept a money satisfaction of such interest.\n\n11 U.S.C. § 363(f). Because section 363(f) of the Bankruptcy Code is drafted in the disjunctive, satisfaction of any one of the five requirements will suffice to permit the sale of the SF50 Aircraft \"free and clear\" of liens and interests. *See In re Dundee Equity Corp*., 1992 WL 53743 at \\*4 (Bankr. S.D.N.Y. Mar. 6, 1992) (\"[S]ection 363(f) is in the disjunctive, such that the sale of the interest concerned may occur if any one of the conditions of Section 363(f) have been met\").\n\n59. The Trustee's title search has not revealed any liens or other encumbrances with respect to the SF50 Aircraft. However, to the extent there are any liens, claims, interests, or encumbrances against the SF50 Aircraft, the Trustee submits that the Sale should be approved free and clear of any such liens, claims, interests, and encumbrances, because any such lien, claim, interest or encumbrance will attach to the proceeds of the Sale, subject to any claims and defenses that the Trustee may have with respect thereto, providing adequate protection to any affected third party. *See MacArthur Co. v. Johns-Manville Corp*., 837 F.2d 89, 94 (2d Cir. 1988) (\"It has long been recognized that when a debtor's assets are disposed of free and clear of third-party interests, the third party is adequately protected if his interest is assertable against the proceeds of the disposition.\").\n\n60. For all these reasons, the Trustee requests that the Court authorize the Trustee to sell the SF50 Aircraft free and clear of any liens, claims, interests, and encumbrances, but subject to the terms of the Settlement Order.\n\n# **D. Sale of SF50 Aircraft Should Be Subject to Protections of Bankruptcy Code Section 363(m)**\n\n61. Section 363(m) of the Bankruptcy Code protects a good faith purchaser's interest in property purchased from the estate notwithstanding that the sale conducted under section 363(b)\n\nof the Bankruptcy Code is later reversed or modified on appeal. Specifically, section 363(m) provides as follows:\n\n> The reversal or modification on appeal of an authorization under [section 363(b)] . . . does not affect the validity of a sale . . . to an entity that purchased . . . such property in good faith, whether or not such entity knew of the pendency of the appeal, unless such authorization and such sale . . . were stayed pending appeal.\n\n62. Although \"good faith\" is not defined in the Bankruptcy Code, the Second Circuit\n\nhas stated that:\n\nGood faith of a purchaser is shown by the integrity of his conduct during the course of the sale proceedings . . . A purchaser's good faith is lost by fraud, collusion between the purchaser and other bidders or the trustee, or an attempt to take grossly unfair advantage of other bidders.\n\n*In re Gucci*, 126 F.3d 380, 390 (2d Cir. 1997) (internal quotations omitted). Section 363(m) of the Bankruptcy Code \"fosters the 'policy of not only affording finality to the judgment of the bankruptcy court, but particularly to give finality to those orders and judgments upon which third parties rely.'\" *In re Chateaugay Corp*., 1993 U.S. Dist. Lexis 6130 \\*9 (S.D.N.Y. 1993) (quoting *In re Abbots Dairies of Penn., Inc*., 788 F.2d 143, 147); *see also Allstate Ins. Co. v. Hughes*, 174 B.R. 884, 888 (S.D.N.Y. 1994); *In re Stein & Day, Inc*., 113 B.R. 157, 162 (Bankr. S.D.N.Y. 1990).\n\n63. The Trustee selected Cirrus to purchase the aircraft through arm's-length negotiations with Cirrus coupled with due diligence concerning the value of the SF50 Aircraft. As a result of this process, the Trustee determined that the Sale of the SF50 Aircraft to Cirrus as part of the settlement will generate substantially more value for the estate as compared to a brokered sale of the aircraft to another buyer. The Trustee has no reason to believe that Cirrus colluded with other interested parties or otherwise attempted to gain an unfair advantage in the process.\n\n64. Moreover, Cirrus has represented to the Trustee that Cirrus (a) has no affiliation with the Debtor or the Debtor's family members or associates, including, without limitation, Qiang Guo (\"Debtor Associates\"); (b) Cirrus has no agreement with and is not acting on behalf of the Debtor or Debtor Associates; and (c) all payments to be made by Cirrus in connection with the Sale are disclosed by this Motion. Accordingly, the Trustee submits that Cirrus is a good faith purchaser entitled to the protections pursuant to section 363(m) of the Bankruptcy Code.\n\n#### **WAIVER OF STAY UNDER BANKRUPTCY RULE 6004(h)**\n\n65. The Trustee requests that the Court waive any applicable stay imposed by Bankruptcy Rule 6004(h), which provides that \"[a]n order authorizing the use, sale, or lease of property other than cash collateral is stayed until the expiration of 14 days after entry of the order, unless the court orders otherwise.\" Fed. R. Bankr. P. 6004(h).\n\n66. Cirrus has advised the Trustee that it wishes for the Closing to occur as soon as possible. Moreover, both Cirrus and the estate will benefit from an immediate resolution of the Cirrus Claims without further litigation expense. The Trustee thus respectfully requests that the Court waive the fourteen-day stay imposed by Bankruptcy Rule 6004(h), as the exigent nature of the relief sought herein justifies immediate relief.\n\n#### **NOTICE**\n\n67. Notice of this Motion will be served upon (i) the Office of the United States Trustee for the District of Connecticut, (ii) Cirrus, (iii) counsel for the Debtor, (iv) Qiang Guo (who will be served pursuant to the Service Procedures Order), (v) ATC, (vi) counsel for the Official Committee of Unsecured Creditors, (vii) SPI and all entities and individuals known to have expressed an interest in purchasing the SF50 Aircraft, and (viii) all parties who have requested\n\nnotice in the Debtor's case pursuant to Bankruptcy Rule 2002 (collectively, the \"Notice Parties\").\n\nThe Notice Parties will receive a full copy of the Motion.\n\n[*Remainder of page intentionally left blank*.]\n\nWHEREFORE, for the foregoing reasons, the Trustee respectfully requests that the Bankruptcy\n\nCourt enter the Proposed Order granting the relief requested herein.\n\n# LUC A. DESPINS, TRUSTEE\n\nDated: November 3, 2025 New Haven, Connecticut\n\nBy: /s/ *Patrick R. Linsey*\n\n Douglas 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) 318-6000 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# **EXHIBIT 1 TO MOTION**\n\n# **(Proposed Order)**\n\n# **UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION**\n\n| ---------------------------------------------------------------- | | x | |\n|------------------------------------------------------------------|-------------|--------|------------------------------|\n| In re: | | : | |\n| | | : | Chapter 11 |\n| 1
HO WAN KWOK,
et al., | | : | |\n| | | : | Case No. 22-50073 (JAM) |\n| | Debtors. | : | |\n| | | : | (Jointly Administered) |\n| | | : | |\n| ---------------------------------------------------------------- | | x | |\n| | | : | |\n| LUC A. DESPINS, CHAPTER 11
TRUSTEE, | | :
: | |\n| | | : | Adv. Proceeding No. 24-05225 |\n| | Plaintiff, | : | |\n| v. | | : | |\n| | | : | |\n| | | : | |\n| CIRRUS DESIGN CORPORATION and | | : | |\n| QIANG GUO, | | : | |\n| | | : | |\n| | Defendants. | x | |\n| ---------------------------------------------------------------- | | | |\n\n# **[PROPOSED] ORDER, PURSUANT TO BANKRUPTCY CODE SECTIONS 105 AND 363, CONN. GEN. STAT. § 52-356a, CIVIL RULE 69, BANKRUPTCY RULES 2002, 6004(c), 7069, 9014, AND 9019, AND LOCAL RULES 6004-1, 6004-2, AND 9019-1 AUTHORIZING AND APPROVING: (I) SETTLEMENT WITH CIRRUS DESIGN CORPORATION; (II) SALE OF SF50 AIRCRAFT FREE AND CLEAR OF LIENS, CLAIMS, INTERESTS, AND ENCUMBRANCES; AND (III) GRANTING RELATED RELIEF**\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 the 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\nUpon the motion (the \"Motion\")[2](#page-28-0) of Luc A. Despins, in his capacity as the chapter 11 trustee (the \"Trustee\") appointed in the chapter 11 case of Ho Wan Kwok (the \"Debtor\"), pursuant to sections 105, 363(b), and 363(f) of Title 11 of the United States Code (the \"Bankruptcy Code\"), section 52-356a of Connecticut General Statutes, Rule 69 of the Federal Rules of Civil Procedure (the \"Civil Rules\"), Rules 2002, 6004(c), 7069, 9014, and 9019 of the Federal Rules of Bankruptcy Procedure (the \"Bankruptcy Rules\"), and Rules 6004-1, 6004-2, and 9019-1 of the Local Rules of Bankruptcy Procedure of the United States Bankruptcy Court for the District of Connecticut (the \"Local Rules\"), (i) authorizing and approving: (I) the settlement of the Trustee's claims against Cirrus Design Corporation (\"Cirrus\") in the above-captioned adversary proceeding (the \"Adversary Proceeding\"); (II) the Trustee's sale (the \"Sale\") of the SF50 aircraft, Serial Number 0309, Registration Number N3Q (collectively, the \"SF50 Aircraft\") to Cirrus; and (III) for related relief; and a hearing on the Motion having been held on \\_\\_\\_\\_\\_\\_ \\_\\_, 2025 (the \"Hearing\"); and this Court having reviewed and considered the Motion, and all objections thereto, and the arguments made by counsel and evidence adduced at the Hearing; and it appearing the terms and conditions of this Order[3](#page-28-1) are in the best interests of the Debtor, the estate, creditors and other parties in interest; and after due deliberation thereon, and good cause appearing therefor:\n\n2 Capitalized terms used but not defined herein shall having the meanings set forth in the Motion.\n\n3 For the avoidance of doubt, references to this Order shall be deemed to include the attachments thereto.\n\n#### **THE COURT HEREBY FINDS THAT**[:](#page-29-0) 4\n\n# **Jurisdiction and Final Order**\n\nA. This Court has jurisdiction to hear and determine the approval of the Sale under 28 U.S.C. §§ 1334 and 157, and the *Standing Order of Reference* from the United States District Court for the District of Connecticut. This is a core proceeding under 28 U.S.C. § 157(b). Venue of this case in this district is proper under 28 U.S.C. §§ 1408 and 1409.\n\nB. This Order constitutes a final order within the meaning of 28 U.S.C. § 158(a). Notwithstanding Bankruptcy Rules 6004(h), and to any extent necessary under Bankruptcy Rule 9014 and Rule 54(b) of the Federal Rules of Civil Procedure, as made applicable by Bankruptcy Rule 7054, this Court expressly finds that there is no just reason to delay the implementation of this Order, and expressly directs entry of judgment as set forth herein. Cirrus, being a good faith purchaser under section 363(m) of the Bankruptcy Code, may close the Sale authorized by this Order at any time after the entry of this Order and shall not be subject to the stay provided by Bankruptcy Rules 6004(h).\n\n# **Notice of Sale**\n\nC. Actual written notice of the Motion, the Hearing, and a reasonable opportunity to object or be heard with respect to the Motion and the relief requested therein, has been afforded to all known interested persons or entities.\n\nD. As evidenced by the certificates of service previously filed with this Court: (i) due, proper, timely, adequate and sufficient notice of the Motion, the Hearing, the entry of this Order, the Sale, and the relevant objection deadlines have been provided to all Notice Parties; (ii) such\n\n4 The findings and conclusions set forth herein constitute the Court's findings of fact and conclusions of law pursuant to Bankruptcy Rule 7052, made applicable to this proceeding pursuant to Bankruptcy Rule 9014. To the extent that any of the following findings of fact constitute conclusions of law, they are adopted as such. To the extent any of the following conclusions of law constitute findings of fact, they are adopted as such.\n\nnotice was, and is, good, sufficient and appropriate under the circumstances of this chapter 11 case, provided a fair and reasonable opportunity for parties-in-interest to object, and to be heard, with respect thereto, and was provided in accordance with the Bankruptcy Code, the Bankruptcy Rules, and the applicable Local Rules, and the orders of this Court; and (iii) no other or further notice of such matters is necessary or shall be required.\n\n### **Business Judgment and Commercial Reasonableness**\n\nE. The Trustee has demonstrated good, sufficient, and sound business purposes and justifications for, and compelling circumstances to promptly consummate, the Sale and the proposed settlement and such actions are appropriate exercises of the Trustee's business judgment and in the best interests of the Debtor, his estate, and its creditors. Such business reasons include, but are not limited to, the facts that: (i) the terms of the settlement between the Trustee and Cirrus (including the Settlement Amount) and the other terms provided in this Order constitute the highest or otherwise highest and best offer received for the SF50 Aircraft; (ii) the Sale on the terms set forth in this Order presents the best opportunity to maximize the value of the SF50 Aircraft; and (iii) unless the Sale is concluded expeditiously as provided for in this Order, potential creditor recoveries may be diminished. For these reasons, the Trustee has demonstrated that the terms of the Sale and the proposed settlement are commercially reasonable.\n\n#### **Marketing Process**\n\nF. As demonstrated by the Motion, the testimony and other evidence proffered or adduced at the Hearing, and the representations of the Trustee and his counsel made on the record at the Hearing: (i) the Trustee conducted adequate investigation and due diligence with respect to the liquidation value of the SF50 Aircraft; (ii) the sale process was non-collusive, duly noticed, and provided a full, fair, and reasonable opportunity for any individual or entity to make a competing offer to purchase the SF50 Aircraft; and (iii) the process conducted by the Trustee obtained the highest and best value for the SF50 Aircraft for the Trustee and the Debtor's estate.\n\n### **Fair Consideration; Highest or Best Value**\n\nG. The consideration to be provided by Cirrus under this Order is fair and reasonable consideration for the SF50 Aircraft and constitutes (i) reasonably equivalent value under the Bankruptcy Code, the Uniform Fraudulent Transfer Act, and the Uniform Voidable Transactions Act, (ii) fair consideration under the Uniform Fraudulent Conveyance Act, and (iii) reasonably equivalent value, fair consideration, and fair value under any other applicable laws of the United States, any state, territory or possession or the District of Columbia. Such consideration constitutes the highest and best offer for the SF50 Aircraft. No other person or entity or group of persons or entities has offered to purchase the SF50 Aircraft for an amount that would give equal or greater value to the Debtor's estate than the value provided by Cirrus pursuant to this Order.\n\n#### **Good Faith**\n\nH. The proposed settlement and Sale (including the terms of this Order) were negotiated, proposed, and entered into, and are being undertaken by the Trustee and Cirrus in good faith, without collusion, and from arm's-length bargaining positions. Likewise, the value that the Debtor's estate will receive on consummation of the Sale is the product of arms' length negotiations between the Trustee, Cirrus, and their respective representatives and advisors.\n\nI. Cirrus is purchasing the SF50 Aircraft in good faith, and is a good faith purchaser, within the meaning of section 363(m) of the Bankruptcy Code, and is therefore entitled to the full rights, benefits, privileges, and protections of that provision and any other applicable or similar bankruptcy and non-bankruptcy law.\n\nJ. Neither Cirrus nor the Trustee have engaged in any conduct that would prevent the application of section 363(m) of the Bankruptcy Code to this Order or to the consummation of the Sale.\n\nK. Cirrus proceeded in good faith in all respects in connection with the Sale and this proceeding in that, among other things: (a) Cirrus's offer and the terms of the Sale have been publicly disclosed; (b) all payments to be made by Cirrus have been disclosed; and (c) Cirrus has not violated section 363(n) of the Bankruptcy Code by any action or inaction.\n\nL. Cirrus is not an insider or an affiliate (as that term is defined in sections 101(2) and 101(31) of the Bankruptcy Code) of the Debtor.\n\n#### **Section 363(f) of Bankruptcy Code Is Satisfied**\n\nM. The Trustee is authorized to sell the SF50 Aircraft free and clear of liens, claims, interests, and encumbrances against the Debtor or his estate, because one of more of the standards set forth in section 464(f)(1)-(5) of the Bankruptcy Code has been satisfied.\n\nN. Those holders of liens, claims, interests, or encumbrances who did not object (or who ultimately withdrew their objections, if any) to the Sale or the Motion have either consented to or are deemed to have consented to the Sale pursuant to section 363(f)(2) of the Bankruptcy Code. In addition, one or more of the other subsections of section 363(f) of the Bankruptcy Code apply and, therefore, holders of liens, claims, interests, or encumbrances in the SF50 Aircraft are adequately protected by having their liens, claims, interests, or encumbrances in the SF50 Aircraft attach solely to the proceeds of the Sale, subject to the Trustee's right to contest such liens, claims, interests, or encumbrances, in the same order of priority and with the same extent, validity, force, and effect that such holders had prior to the Sale.\n\nO. Cirrus would not have entered into the Sale and would not consummate the transactions contemplated thereby, thus adversely affecting the Debtor's estate and his creditors, (i) if the sale of the SF50 Aircraft was not free and clear of all liens, claims, interests, and encumbrances or (ii) if Cirrus would, or in the future could, be liable for any such liens, claims, interests, and encumbrances. The total consideration to be provided under this Order reflects Cirrus's reliance on this Order to provide it with title to and possession of the SF50 Aircraft free and clear of all liens, claims, interests, and encumbrances pursuant to sections 105(a) and 363(f) of the Bankruptcy Code.\n\n#### **Validity of Transfer of Title**\n\nP. The transfer of title in and to the SF50 Aircraft by the Trustee to Cirrus will be a legal, valid, and effective transfer of title, and will vest Cirrus with any legal, equitable and beneficial right, title, and interest in and to the SF50 Aircraft free and clear of all liens, claims, interests, and encumbrances. The consummation of the Sale is legal, valid, and properly authorized under Conn. Gen. Stat. sections 52-356a, *et seq*., as well all applicable provisions of the Bankruptcy Code, including, without limitation, sections 105(a), 363(b), 363(f), and 363(m) of the Bankruptcy Code, and all of the applicable requirements of such sections of the Bankruptcy Code have been complied with in respect of the Sale. Subsequent to the Closing, the Debtor's estate will be relieved of all liability or other obligation of any kind with respect to claims arising from or related to Cirrus's post-Closing ownership of the SF50 Aircraft.\n\n#### **Waiver of Bankruptcy Rules 6004(h)**\n\nQ. The sale of the SF50 Aircraft must be approved and consummated promptly. The Trustee and Cirrus intend to expeditiously close the Sale upon entry of this Order. The Trustee has demonstrated compelling circumstances and a good, sufficient, and sound business purpose\n\nand justification for the immediate approval and consummation of the Sale as contemplated by this Order. Accordingly, there is sufficient cause to lift the stay contemplated by Bankruptcy Rule 6004(h) with regard to the transactions contemplated by this Order.\n\n#### **THE COURT HEREBY ORDERS, ADJUDGES, AND DECREES:**\n\n1. The Motion is GRANTED and approved in all respects, and any objections thereto that have not been otherwise withdrawn, waived, or settled are overruled.\n\n2. Pursuant to Bankruptcy Rule 9019, the Trustee's settlement of the Cirrus Claims against Cirrus as provided by the terms of this Order is approved in all respects.\n\n3. Pursuant to Conn. Gen. Stat. sections 52-356a, *et seq*., Rule 69 of the Civil Rules (made applicable by Rule 7069 of the Bankruptcy Rules), and sections 363(b) and 363(f) of the Bankruptcy Code, the Sale of the SF50 Aircraft to Cirrus pursuant to this Order free and clear of all liens, claims, encumbrances, and other interests is approved in all respects.\n\n4. Within 10 business days of the entry of this Order, Cirrus shall: (a) pay to the Trustee by wire transfer \\$3,500,000.00 in immediately available funds (the \"Settlement Amount\"); and (b) execute and provide to the Trustee a release in the form appended hereto as **Exhibit A** (the \"Cirrus Release\").\n\n5. Contemporaneously with the Trustee's receipt of the Settlement Amount and the Cirrus Release, the Trustee shall: (a) execute and provide to Cirrus a Bill of Sale with respect to the SF50 Aircraft in the form attached hereto as **Exhibit B** and provide Cirrus with other documents reasonably required to transfer title to the SF50 to Cirrus; (b) execute and provide to Cirrus a release in the form appended hereto as **Exhibit C** (the \"Trustee Release\" and, together with the Cirrus Release, collectively, the \"Releases\"); and (c) file a notice of dismissal in the\n\nAdversary Proceeding dismissing the Cirrus Claims against Cirrus only.[5](#page-35-0) The Closing shall occur at Cirrus' facility in Knoxville, TN.\n\n6. Pursuant to sections Conn. Gen. Stat. sections 52-356a, *et seq*., Rule 69 of the Civil Rules (made applicable by Rule 7069 of the Bankruptcy Rules), and sections 105(a), 363(b), 363(f), and 365 of the Bankruptcy Code, the Trustee is authorized to transfer the SF50 Aircraft in accordance with the terms of this Order. The transfer of the SF50 Title by the Trustee to Cirrus in accordance with this Order shall: (a) be valid, legal, binding, and effective; (b) vest Cirrus with all right, title and interest in and to the SF50 Aircraft; and (c) be free and clear of all liens, claims, interests, and encumbrances against the SF50 Aircraft, in accordance with section 363(f) of the Bankruptcy Code.\n\n7. Pursuant to section 363 of the Bankruptcy Code, this Order shall and does, as of the Closing, divest the Debtor and his estate of all right, title, and interest in and to the SF50 Aircraft.\n\n8. Cirrus shall accept the SF50 Aircraft in \"as is\" condition and, in so doing, stipulates that the Trustee has given no warranty, either express or implied with respect to, and makes no representation as to the condition of, the SF50 Aircraft.\n\n9. Cirrus shall be responsible for any sales and/or conveyance taxes in respect to the Sale of the SF50 Aircraft.\n\n10. Pursuant to Conn. Gen. Stat. sections 52-356a, *et seq*., and Rule 69 of the Civil Rules (made applicable by Rule 7069 of the Bankruptcy Rules), this Order, as of the Closing, divests Qiang Guo and Amazing Sky of all right, title, and interest in and to the SF50 Aircraft. For\n\n5 For the avoidance of doubt, dismissal of the Cirrus Claims against Cirrus shall not impair the Trustee's rights under the Qiang Guo Cirrus Judgment.\n\nthe avoidance of doubt, any right title, and interest held by Qiang Guo and/or Amazing Sky in the SF50 Aircraft shall be extinguished by this Order and shall not attach to the Sale proceeds.\n\n11. The consideration provided by Cirrus for the SF50 Aircraft under this Order is fair and reasonable and shall be deemed for all purposes to constitute reasonably equivalent value, fair value, and fair consideration under the Bankruptcy Code and any other applicable law, and the Sale may not be avoided or rejected, or costs or damages imposed or awarded against Cirrus, under section 363(n) or any other provision of the Bankruptcy Code.\n\n12. The Trustee is authorized and directed to take any and all actions necessary or appropriate to (a) consummate the Sale concerning the transfer of the SF50 Aircraft to Cirrus at a closing in accordance with the Motion and this Order, including, without limitation, payment of usual and customary closing costs; (b) perform, consummate, implement, and close the transaction pursuant to this Order together with all additional instruments and documents that may be reasonably necessary or desirable to implement this Order; and (c) perform the obligations contemplated by this Order, including all actions reasonably requested by Cirrus in regard thereto.\n\n13. All liens, claims, interests, and/or encumbrances in, on, or against the SF50 Aircraft shall automatically attach solely to the proceeds of the Sale with the same validity, priority, force, and effect that they now have as against the SF50 Aircraft, subject to any claims and defenses the Trustee or the Debtor's estate may possess with respect thereto, *provided, however*, Qiang Guo and Amazing Sky shall not have any interest in the Sale proceeds notwithstanding their prior interests in the SF50 Aircraft. This Order shall be effective as a determination that on and as of the Closing, all liens, claims, interests, and/or encumbrances of any kind or nature whatsoever in, on, or against the SF50 Aircraft have been unconditionally released, discharged, and terminated. The provisions of this Order authorizing and approving the transfer of the SF50 Aircraft free and clear of liens, claims, encumbrances, and other interests shall be self-executing, and neither the Trustee nor Cirrus shall be required to execute or file releases, termination statements, assignments, consents, or other instruments in order to effectuate, consummate, and implement the provisions of this Order, *provided, however*, the Trustee and Cirrus shall be required to execute and exchange the Releases in connection with their settlement as provided by this Order.\n\n14. Subject to the terms, conditions, and provisions of this Order, all persons and entities are hereby forever prohibited and barred from taking any action that would adversely affect or interfere, or that would be inconsistent: (a) with the ability of the Trustee to sell and transfer the SF50 Aircraft to Cirrus; (b) with the ability of Cirrus to acquire, take possession of, use and operate the SF50 Aircraft in accordance with the terms of this Order; and (c) with the ability of the Trustee and Cirrus to perform their respective obligations hereunder; *provided, however*, that the foregoing restriction shall not impair the right of any party in interest with the requisite standing to appeal this Order in accordance with applicable law or opposing any appeal of this Order.\n\n15. Cirrus is entitled to all the protections afforded by section 363(m) of the Bankruptcy Code. The Sale contemplated by this Order is undertaken by Cirrus in good faith, as that term is used in section 363(b) of the Bankruptcy Code and, accordingly, the reversal or modification on appeal of the authorization provided herein to consummate the Sale shall not affect the validity of the Sale unless such authorization is duly stayed pending such appeal prior to the Closing. For the avoidance of doubt, the pendency of an appeal of this Order, absent a stay of this Order pending appeal, shall not constitute a basis not to consummate the Sale.\n\n16. The provisions of this Order, and any actions taken pursuant hereto, shall survive entry of any order which may be entered confirming or consummating any chapter 11 plan, or which may be entered converting this chapter 11 case from chapter 11 to chapter 7 of the\n\nBankruptcy Code or dismissing this chapter 11 case, and the terms and provisions of and the rights and interests granted pursuant to this Order shall continue in this chapter 11 case or any superseding cases and shall be specifically performable and enforceable against and binding upon the Trustee, the Debtor, his estate, all creditors, all holders of claim(s) (whether known or unknown) against the Debtor, all holders of liens, claims, interests, and/or encumbrances (whether known or unknown) against, in, or on all or any portion of the SF50 Aircraft, Cirrus and its respective successors and permitted assigns, and any other trustee or other fiduciary hereafter appointed or elected as a legal representative of the Debtor under chapter 7 or chapter 11 of the Bankruptcy Code, including without limitation plan fiduciaries, plan administrators, litigation or liquidation trustees appointed during the pendency of, or upon confirmation of a chapter 11 plan in this chapter 11 case.\n\n17. This Order is and shall be binding upon and govern the acts of all persons and entities (including, without limitation, all filing agents, filing officers, title agents, title companies, records of liens, registrars of deeds, administrative agencies, governmental departments, and secretaries of state, federal and local officials) who may be required by operation of law, the duties of their office, or contract to accept, file, register, or otherwise record or release any documents or instruments, or who may be required to report or insure any title or state of title in or to the SF50 Aircraft. Each of the foregoing persons and entities shall accept for filing any and all of the documents and instruments necessary and appropriate to release, discharge, and terminate any of the liens, claims, interests, and encumbrances against the SF50 Aircraft or to otherwise consummate the Sale contemplated by this Order.\n\n18. The terms and provisions of this Order shall be binding in all respects upon, or shall inure to the benefit of, the Trustee, the Debtor's estate and its creditors, Cirrus and its affiliates,\n\nsuccessors, and assigns, and any affected third parties, including Qiang Guo and Amazing Sky and persons asserting liens, claims, interests, or encumbrances in, on, or against the SF50 Aircraft, notwithstanding any subsequent appointment of any other trustee, examiner, or receiver under any chapter of the Bankruptcy Code or any other law, and all such provisions and terms shall likewise be binding on such trustee, examiner, or receiver and shall not be subject to rejection or avoidance by the Debtor, his estates, his creditors or any such trustee, examiner, or receiver.\n\n19. For the avoidance of doubt, no estate causes of action are being sold as part of the Sale.\n\n20. Notwithstanding the provisions of Bankruptcy Rules 6004(h) or any applicable provisions of the Local Rules, this Order shall not be stayed after the entry hereof, but shall be effective and enforceable immediately upon entry, and the 14-day stay provided in Bankruptcy Rules 6004(h) is hereby expressly waived and shall not apply. Any party objecting to this Order must exercise due diligence in filing an appeal and pursuing a stay within the time prescribed by law and prior to the Closing, or risk its appeal will be foreclosed as moot.\n\n21. As of the Closing, all agreements of any kind whatsoever and all orders of this Court entered prior to the date hereof shall be deemed amended and/or modified to the extent required to permit the consummation of the Sale, including, without limitation, the transfer of the SF50 Aircraft to Cirrus and the occurrence of the Closing.\n\n22. Upon the Closing, the Net Proceeds shall be credited against the Qiang Guo Cirrus Judgment. The Trustee shall file a statement disclosing the Expenses deducted from the Settlement Amount within fourteen (14) days of the Closing.\n\n23. This Court shall retain jurisdiction to, among other things, (a) interpret, enforce, and implement the terms and provisions of this Order and (b) adjudicate disputes related to this Order.\n\n# **EXHIBIT A TO PROPOSED ORDER**\n\n**(Form of Cirrus Release)**\n\n# **RELEASE**\n\n# KNOW YE BY THESE PRESENTS:\n\nThat **Cirrus Design Corporation,** the **RELEASOR**, by and for itself and its parents, affiliates, and subsidiaries or anyone acting on its behalf, and for their successors and assigns, for and in consideration as described in the *Order, Pursuant to Bankruptcy Code Sections 105 and 363, Conn. Gen. Stat. § 52-356a, Civil Rule 69, Bankruptcy Rule 2002, 6004(c), 7069, 9014, and 9019, and Local Rules 6004-1, 6004-2, and 9019-1 Authorizing and Approving: (I) Settlement with Cirrus Design Corporation; (II) Sale of SF50 Aircraft Free and Clear of Liens, Claims, Interests, and Encumbrances; and (III) Granting Related Relief* (the \"Order\"), hereby releases, acquits, and forever discharges the **bankruptcy estate of Ho Wan Kwok [Bankr. D. Conn. case no. 22-50073], Luc A. Despins, in his capacity as Chapter 11 Trustee appointed in the Chapter 11 Case of Ho Wan Kwok (the \"Trustee\"),** and any of the Trustee's attorneys, accountants, advisors, representatives, or agents, in their respective capacities as such, the **RELEASEES**, from any and all claims, counterclaims, defenses, demands, damages, actions, causes of action, or suits of any kind or nature related to (a) the claims asserted by the Trustee against Cirrus Design Corporation in *Despins v. Cirrus Design Corporation, et al.* [Bankr. D. Conn. Adv. Proc. No. 24-05225]; and/or (b) the SF50 Aircraft (as defined in the Order); *provided, however*, for the avoidance of doubt, this shall not release the Releasees of any obligations under the Order.\n\nIN WITNESS WHEREOF, the said Releasor has signed this instrument this \\_\\_\\_\\_ day of \\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_ 2025.\n\n# **RELEASOR:**\n\n## **CIRRUS DESIGN CORPORATION**\n\nB Name: Title:\n\n# **EXHIBIT B TO PROPOSED ORDER**\n\n**(Form of Bill of Sale)**\n\nQOD!Eqpvtqn!PwodgtW/U/!FGRCTVOGPV!QH!VTCPURQTVCVKQP HGFGTCN!CXKCVKQP!CFOKPKUVTCVKQP
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et al., | | : | |\n| | | : | Case No. 22-50073 (JAM) |\n| | Debtors. | : | |\n| | | : | (Jointly Administered) |\n| | | : | |\n| ---------------------------------------------------------------- | | x | |\n| | | : | |\n| LUC A. DESPINS, CHAPTER 11
TRUSTEE, | | :
: | |\n| | | : | Adv. Proceeding No. 24-05225 |\n| | Plaintiff, | : | |\n| v. | | : | |\n| | | : | |\n| | | : | |\n| CIRRUS DESIGN CORPORATION and | | : | |\n| QIANG GUO, | | : | |\n| | | : | |\n| ---------------------------------------------------------------- | Defendants. | x | |\n| | | | |\n\n# **ASSENT OF CIRRUS DESIGN CORPORATION TO [PROPOSED] ORDER, PURSUANT TO BANKRUPTCY CODE SECTIONS 105 AND 363, CONN. GEN. STAT. § 52-356a, CIVIL RULE 69, BANKRUPTCY RULES 2002, 6004(c), 7069, 9014, AND 9019, AND LOCAL RULES 6004-1, 6004-2, AND 9019-1 AUTHORIZING AND APPROVING: (I) SETTLEMENT WITH CIRRUS DESIGN CORPORATION; (II) SALE OF SF50 AIRCRAFT FREE AND CLEAR OF LIENS, CLAIMS, INTERESTS, AND ENCUMBRANCES; AND (III) GRANTING RELATED RELIEF**\n\nCirrus Design Corporation (\"Cirrus\") hereby confirms its assent to the terms of the\n\n*[Proposed] Order Pursuant to Bankruptcy Code Sections 105 and 363, Conn. Gen. Stat. § 52-*\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 the 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*356a, Civil Rule 69, Bankruptcy Rules 2002, 6004(c), 7069, 9014, and 9019, and Local Rules 6004-1, 6004-2, AND 9019-1 Authorizing and Approving: (I) Settlement with Cirrus Design Corporation; (II) Sale of SF50 Aircraft Free and Clear of Liens, Claims, Interests, and Encumbrances; and (III) Granting Related Relief* (the \"Proposed Order\") appended to the motion (the \"Motion\") filed by Luc A. Despins, in his capacity as chapter 11 trustee in the chapter 11 case of Ho Wan Kwok (the \"Trustee\") as Exhibit A. Cirrus agrees to settle the Cirrus Claims through the settlement set forth in the Proposed Order, including its acquisition of the SF50 Aircraft upon such terms.[2](#page-49-0)\n\nCirrus further confirms that it has made the representations described in ¶¶ 36 and 64 of the Motion and that such representations are accurate.\n\n# CIRRUS DESIGN CORPORATION\n\nBy:*/s/ Dan Mumford* Name: Dan Mumford Title: SVP & GC Date: November 3, 2025\n\n2 Capitalized terms not expressly defined herein shall have the meanings ascribed to them in the Motion.","body_zh":"美利坚合众国康涅狄格联邦地区破产法院布里奇波特分部\n\n---------------------------------------------------------------- x\n\n关于： :\n: 第11章\n\nHO WAN KWOK（郭文贵），\n等人， :\n: 案号：22-50073 (JAM)\n债务人。 :\n: （联合管理）\n\n---------------------------------------------------------------- x\n\nLUC A. DESPINS（卢克·A.·德斯平斯），第11章 :\n受托人， :\n: 对抗诉讼案号：24-05225\n原告， :\n诉 :\n\nCIRRUS DESIGN CORPORATION（西锐设计公司）及 :\nQIANG GUO（郭强）， :\n\n被告。 x\n\n第11章受托人依据《破产法典》第105条和第363条、康涅狄格州一般法规第52-356a条、《民事诉讼规则》第69条、《破产程序规则》第2002条、第6004(c)条、第7069条、第9014条和第9019条以及地方法规第6004-1条、第6004-2条和第9019-1条提出的动议，请求作出裁定授权并批准：(I) 与 CIRRUS DESIGN CORPORATION 达成和解；(II) 不附带留置权、请求权、权益及负担地出售 SF50 飞机；以及 (III) 给予相关救济\n\nLuc A. Despins，以其作为在 Ho Wan Kwok（“债务人”）第11章案件中获任命的第11章受托人（“受托人”）的身份，通过其下列签署的律师，现\n\n1 本第11章案件中的债务人为 Ho Wan Kwok（又名 Guo Wengui、Miles Guo 和 Miles Kwok，以及众多其他别名）（税务识别号码后四位：9595）、Genever Holdings LLC（税务识别号码后四位：8202）及 Genever Holdings Corporation。受托人、Genever Holdings LLC 和 Genever Holdings Corporation 的邮寄地址为 Paul Hastings LLP, 200 Park Avenue, New York, NY 10166，c/o Luc A. Despins，作为 Ho Wan Kwok 遗产的受托人（仅用于通知和通信）。\n\n提交本动议（“本动议”），请求作出一项实质上采用随附作为附件1的格式的裁定（“拟议裁定”），依据《美国法典》第11编（“破产法典”）第105条、第363(b)条和第363(f)条、康涅狄格州一般法规第52-356a条、《联邦民事诉讼规则》（“民事规则”）第69条、《联邦破产程序规则》（“破产规则”）第2002条、第6004(c)条、第7069条、第9014条和第9019条，以及美利坚合众国康涅狄格联邦地区破产法院《地方法破产程序规则》（“地方法规”）第6004-1条、第6004-2条和第9019-1条，授权并批准：(I) 就受托人在上述标题所列对抗诉讼（“本对抗诉讼”）中对 Cirrus Design Corporation（“Cirrus”）提出的请求权达成和解；(II) 受托人向 Cirrus 出售（“本次出售”）Cirrus SF50 G2+ 系列私人喷气式飞机，序列号 0309，注册号 N3Q（以下统称“SF50 飞机”）；以及 (III) 如本文所述并在拟议裁定中规定的相关救济。为支持本动议，受托人谨陈述如下：\n\nI. 初步陈述\n\n1. 受托人通过本动议请求批准其对针对 Cirrus 的撤销请求权所提出的解决方案，即通过一项和解安排，由 Cirrus 向受托人购买 SF50 飞机，解决针对 Cirrus 尚未决的撤销请求权，并由 Cirrus 为遗产利益向受托人支付 $3.5 million。该付款金额大幅超过受托人通过经纪出售该飞机时的推定出售价值。事实上，该付款金额比 Cirrus 于 2021 年以全新状态最初出售该飞机的价格高出近半百万美元。\n\n2. 法院应依据《破产规则》第9019条批准与 Cirrus 达成的拟议和解，因为该和解代表对债务人商业判断的合理行使。该和解将使从 Qiang Guo（即“Mileson”，债务人之子）处追回的 SF50 飞机得到有利处置，并将在遗产不产生进一步诉讼费用的情况下，解决本对抗诉讼中针对 Cirrus 尚未决的请求权。\n\n3. 法院还应依据《民事规则》第69条（经《破产规则》第7069条适用于本对抗诉讼）以及康涅狄格州关于判决执行的法规，并依据《破产法典》第363条，批准出售 SF50 飞机。作为受托人与 Cirrus 和解核心内容的拟议出售，在商业上合理，且最符合债务人遗产的利益。\n\nII. 背景\n\nA. 第11章案件的启动及第11章受托人的任命\n\n4. 2022年2月15日（“申请日”），债务人向法院提交了根据《破产法典》第11章请求救济的自愿申请书。\n\n5. 2022年3月21日，美国受托人在本第11章案件中任命了一个无担保债权人正式委员会（“委员会”）。本第11章案件中尚未任命审查员。\n\n6. 2022年6月15日，法院作出裁定，指示美国受托人任命一名第11章受托人。[主案 ECF No. 465]。[2]\n\n7. 2022年7月7日，美国受托人依据《破产法典》第1104(d)条，提交了关于任命 Luc A. Despins 为债务人案件第11章受托人的通知和申请。[主案 ECF No. 515]。2022年7月8日，\n\n2 对“主案 ECF No. ___”的提述，意指并指向主第11章案件，即 Case No. 22-50073 (Bankr. D. Conn.)，案卷上的文件。对“Adv. ECF No. ___”的提述，意指并指向本对抗诉讼案卷上的文件。\n\n破产法院作出裁定，批准任命受托人为债务人案件的受托人。[主案 ECF No. 523]。\n\nB. Mileson 根据债务人的欺诈性转让取得 Cirrus 飞机的受益所有权权益\n\n8. Qiang Guo 是债务人之子，亦为本对抗诉讼的被告。他还是众多其他对抗诉讼的被告，其中数宗涉及向 Qiang Guo 支付或为其利益支付的可撤销转让。参见，例如，Despins v. Qiang Guo [Adv. Proc. No. 24-5238]；Despins v. RM Auctions Deutschland GMBH, et al. [Adv. Proc. No. 24-5245]；Despins v. Qiang Guo [Adv. Proc. No. 25-5048]。\n\n9. 2019年，债务人通过其另我 Leading Shine NY Ltd. 向 Cirrus 转让 $845,000.00（“Cirrus 2019 年转让”）。同年，Qiang Guo 取得了一架 Cirrus SR22T 飞机，序列号 1914，注册号 N123VP（“SR22T 飞机”，并与 SF50 飞机合称“Cirrus 飞机”）的受益所有权，该飞机为一架高性能单引擎螺旋桨飞机。\n\n10. 2019年10月10日，Qiang Guo 作为“设立人”，与作为“所有人受托人”的 Aviation Trust Company（一家依俄克拉何马州法律组建并存续的有限责任公司）（“ATC”）签署了一份信托协议（“SR22T 信托协议”）。根据 SR22T 信托协议，SR22T 飞机的所有权被转让给 ATC，由其为 Qiang Guo 的“使用和利益”持有。参见支持执行动议的 Patrick R. Linsey 声明（“Linsey 声明”），附件 A，第2条。[3] 根据同时签署的一份飞机运营租赁协议（“SR22T 运营协议”），Qiang Guo 保留了“占有、使用和运营[SR22T 飞机]的专有权利”。同上，附件 B，第4条。本信托安排使得不持有美国永久居留身份的外国国民 Qiang Guo 能够受益所有一架在 FAA 登记的飞机。[4]\n\n11. 2019年8月25日前后，Qiang Guo 与 Cirrus 签署了一份购买协议，据此 Qiang Guo 同意以总价 $3,014,700 购买 SF50 飞机（“SF50 购买协议”）。Linsey 声明，附件 C。SF50 飞机是一架 Cirrus SF50 G2+ 系列单引擎“个人喷气式”飞机。\n\n12. 2021年，债务人通过其另我 Lamp Capital LLC（“Lamp Capital”）及 HCHK Technologies Inc.（“HCHK Technologies”，并与 Leading Shine 和 Lamp Capital 合称“另我”），向 Cirrus 转让至少 $3,070,140.00（“Cirrus 2021 年转让”，并与 Cirrus 2019 年转让合称“Cirrus 转让”）。\n\n13. Cirrus 2021 年转让为 Qiang Guo 根据 SF50 购买协议购买 SF50 飞机提供了资金。\n\n14. 为隐瞒 Qiang Guo 对 SF50 飞机的受益所有权，Qiang Guo 通过其空壳公司 Amazing Sky Aviation Limited（“Amazing Sky”）取得该飞机。与 SR22T 飞机一样，ATC 持有 SF50 飞机的所有权。Linsey 声明，附件 G。\n\n15. 因此，2021年12月16日，Amazing Sky 作为设立人，以及 ATC 作为所有人受托人，签署了一份信托协议（“SF50 信托协议”），据此 SF50 飞机的所有权被转让给 ATC，由其为 Amazing Sky 的“使用和利益”持有。同上，附件 H，\n\n4 联邦法律将美国飞机登记限定于由下列主体所有的飞机：(a) 美国公民，(b) 获准在美国永久居留的外国国民，(c) 依联邦或（美国）州法律合法组建的公司，前提是该飞机以美国为基地并主要在美国使用，或 (d) （美国）政府实体。一般参见“Information to Aid in the Registration of U.S. Civil Aircraft, Federal Aviation Administration (\"FAA\")”，载于 [http]（最后访问于 Oct. 31, 2025）；49 U.S.C. § 44103；14 C.F.R. § 47.3。\n\n第2条。根据同时签署的一份飞机运营租赁协议（“SF50 运营协议”，并与 SF50 信托协议合称“SF50 信托文件”），Amazing Sky 保留了“占有、使用和运营[SF50 飞机]的专有权利”。同上，附件 J，第4条。\n\n16. 2024年3月5日前后，即受托人启动本对抗诉讼后不到一个月，在未通知受托人或法院的情况下，Qiang Guo 促成将 SR22T 飞机出售给英国的一名个人。同上，附件 K 和 L。\n\nC. 受托人起诉 Cirrus 涉及欺诈性转让，并起诉 Qiang Guo 涉及收受为 Qiang Guo 购买飞机提供资金的转让利益，法院对 Qiang Guo 作出 $3,915,140.00 金钱判决并认定其收受欺诈性转让的利益\n\n17. 2024年2月14日，受托人通过对被告 Cirrus 和 Qiang Guo 提交对抗诉状 [Adv. ECF No. 1]（“诉状”），启动本对抗诉讼，以撤销并追回 Cirrus 转让。\n\n18. 诉状中的前四项请求权寻求根据《破产法典》和纽约州欺诈性转让法，将 Cirrus 转让或其价值作为实际和推定欺诈性转让予以撤销并追回（“Cirrus 请求权”）。[5]\n\n19. Cirrus 在本对抗诉讼中基于众多撤销被告共同提交的简要陈述提出了依诉状判决动议，法院已驳回该动议。[Adv. ECF Nos. 21, 57.] Cirrus 请求权目前在其他方面受调解中止令约束。\n\n5 根据 Qiang Guo Cirrus 判决（定义如下），Cirrus 请求权仍在审理中，且未受法院对 Qiang Guo 作出判决的影响，受托人和 Cirrus 的所有权利均获保留。Qiang Guo Cirrus 判决第6段。受托人已约定，不会以既判案件法律或其他方式，针对 Cirrus 使用 Qiang Guo Cirrus 判决。同上。\n\n20. 诉状中的第五项请求权寻求向 Qiang Guo 追回 Cirrus 转让的价值，因为其收受了 Cirrus 转让的利益。参见 11 U.S.C. § 550(a)(1)。\n\n21. 2024年9月23日，书记官因 Qiang Guo（郭强）未根据 Civil Rule 55(a) 提交答辩或以其他方式进行抗辩，而对其作出缺席登记。[Adv. ECF No. 18.] 2024年10月28日，受托人动议请求法院就《起诉书》的第五项请求对郭强作出缺席判决。[Adv. ECF No. 23.]\n\n22. 2024年11月20日，法院作出《准予 Ho Wan Kwok（郭文贵）遗产第11章受托人关于对 Qiang Guo 作出缺席判决之动议的命令》[Adv. ECF No. 35]（以下简称“Qiang Guo Cirrus Judgment（郭强 Cirrus 判决书）”）。Qiang Guo Cirrus Judgment 明确认定，郭强获得了 Cirrus Transfers 的利益，并判令郭强支付金额为 $3,915,140.00 的金钱判决。Id. ¶ 3。\n\nD. 法院批准强制执行并命令交付 SF50 Aircraft，受托人取得 SF50 Aircraft 的所有权及占有\n\n23. 2025年2月19日，受托人以密封方式提交了其经修订的关于就 SF50 Aircraft 作出强制执行及交付命令并给予相关救济的动议 [Adv. ECF No. 47]（以下简称“Execution Motion（强制执行动议）”）；法院于2025年2月20日通过命令准予该动议 [Adv. ECF No. 51]（经补充后，以下简称“Execution Order（强制执行命令）”）。Execution Motion 系单方并以密封方式提交 [Adv. ECF Nos. 48, 50]，且 Execution Order 的作出以郭强在该命令解除密封后有权申请撤销该命令为条件，见 Execution Order。\n\n24. Execution Order 认定，ATC（ATC）为郭强持有 SF50 Aircraft 的法定所有权，且 Amazing Sky（Amazing Sky）就 SF50 Aircraft 持有的任何权利或权益，均仅为郭强的利益而持有。Execution Order at ¶ 3。法院进一步指示 ATC 将 SF50 Aircraft 的所有权（以下简称“SF50 Title”）交付给受托人，并命令在所有权转移后，除 Execution Order 另有规定外，郭强及 Amazing Sky 均不得保留与 SF50 Aircraft 有关的任何权利或权益。Id. ¶¶ 5-6。法院还授权受托人取得 SF50 Aircraft 的占有。Id. ¶ 8。\n\n25. 提交并准予 Execution Motion，旨在使受托人为日后执行 Qiang Guo Cirrus Judgment 出售该飞机而取得 SF50 Aircraft 的占有。见 Execution Motion at ¶¶ 3, 38, 55；Execution Order ¶ 10。\n\n26. 2025年2月24日，ATC 遵照 Execution Order 将 SF50 Title 转让给受托人。\n\n27. 2025年3月5日，受托人（通过其收回代理人 Sage-Popovich, Inc.（SPI））在根西岛（属于不列颠群岛的一部分）取得了 SF50 Aircraft 的占有。\n\n28. 2025年3月7日，根据 Execution Order，受托人提交了其《SF50 Aircraft 占有通知》[Adv. ECF No. 61]（以下简称“SF50 Aircraft Possession Notice”），其中声明受托人已取得 SF50 Aircraft 的占有，并将在法院就出售 SF50 Aircraft 的条款和程序作出进一步命令之前持有该飞机及 SF50 Title。同日，受托人向郭强送达：(a) SF50 Aircraft Possession Notice；(b) Execution Motion 和 Execution Order；以及 (c) Property Execution Application/Order 和 Exemption Claim Form（定义见 Execution Order）。\n\n29. 于2025年3月11日前后，Execution Motion 和 Execution Order 被解除密封。[Adv. ECF No. 64.] 截至目前，郭强（其未在该对抗程序中出庭）既未申请撤销 Execution Order，也未提交 Exemption Claim Form。\n\nE. 为出售 SF50 Aircraft 所作的准备及 Cirrus 提供的协助\n\n30. 在作出 Execution Order 及将 SF50 Title 转让给受托人后，受托人已准备出售 SF50 Aircraft。\n\n31. 受托人首先对该飞机进行了维修和保养，以使其能够返回美国。这包括为安全操作该飞机所必需的维修和保养。此后，于2025年6月2日前后，受托人（通过 SPI）安排将 SF50 Aircraft 从根西岛飞往美国。\n\n32. 自该时起，SPI 一直占有 SF50 Aircraft，受托人一直在探索出售该飞机的各种方案。\n\n33. 在这些方案中，受托人考虑通过由 SPI 经纪的销售出售该飞机。就可能的委任而言，SPI 于2025年5月调查了与 SF50 Aircraft 类似的飞机（即 Cirrus（西锐）SF50 G2+ 系列飞机）市场，并向受托人告知，除其他事项外：(a) 可比飞机的挂牌出售平均要价为 $3.145 million；[6] (b) 大多数此类可比飞机的制造时间晚于 SF50 Aircraft；以及 (c) 挂牌出售的私人拥有飞机通常以低于其要价的价格出售。SPI 向受托人报出按销售价格 3%（百分之三）的优惠经纪费。在未对该飞机进行正式营销的情况下，SPI 已确定一名准备以 $2.6 million 购买 SF50 Aircraft 的买方。\n\n34. 作为与 SF50 Aircraft 清算价值相关的进一步数据点，受托人考虑了郭强于2025年初将 SF50 Aircraft 出售给一家位于英国的商业实体（以下简称“UK Buyer（英国买方）”）的努力。最终，受托人在郭强完成该出售之前取得了 SF50 Title 及 SF50 Aircraft 的占有。然而，受托人注意到，根据郭强（通过其代理人 Farhad Zabeti（法哈德·扎贝蒂）行事）与 UK Buyer 于2025年1月16日签订的买卖协议，郭强同意以 2.4 million GBP 向 UK Buyer 出售 SF50 Aircraft（按该协议日期计算，相当于约 $2.94 million）。\n\n6 SPI 注意到，在此前12个月内，有近二十四架 Cirrus SF50 G2+ 系列飞机挂牌出售，且披露了挂牌价格。\n\n35. 在作出 Execution Order 及将 SF50 Title 转让给受托人后，Cirrus 协助受托人取得 SF50 Aircraft 的占有并进行保养和维修。例如，Cirrus 以加急方式将 SF50 Aircraft 的钥匙交付给 SPI（使用其自有的一架私人飞机），从而协助受托人的收回代理人进入并操作该飞机。Cirrus 还加急向根西岛交付飞机维修和保养所需的零部件。\n\n36. Cirrus 员工还于2025年6月30日前后前往印第安纳州加里，对 SF50 Aircraft 进行检查（以下简称“Inspection（检查）”）。Cirrus 已向受托人表示，其 Inspection 已完成，并且其理解本动议所提议的向 Cirrus 出售将按“现状”条件进行。\n\nF. Qiang Guo 送达程序\n\n37. 2025年4月22日，受托人在第11章案件及郭强作为当事方的各项对抗程序中（包括本动议所涉对抗程序）提交动议，请求批准规范向郭强送达文件的程序 [Main ECF No. 4338, Adv. ECF No. 78]（以下简称“Service Procedures Motion（送达程序动议）”）。\n\n38. 2025年9月25日，法院通过作出其《关于送达程序的命令》[Main ECF No. 4684, Adv. ECF No. 91]（以下简称“Service Procedures Order（送达程序命令）”）准予 Service Procedures Motion。\n\nIII. 请求的救济\n\n39. 受托人通过本动议，请求法院根据《破产法》sections 105(a), 363(b), and 363(f)、Civil Rules 的 Rule 69、Bankruptcy Rules 的 Rules 2002, 6004(c), 7069, 9014, and 9019，以及 Local Rules 6004-1, 6004-2, and 9019-1，作出 Proposed Order（拟议命令），以：(i) 批准并授权受托人与 Cirrus 就 Cirrus Claims（针对 Cirrus 的请求）达成和解；(ii) 授权并批准向 Cirrus 出售 SF50 Aircraft；以及 (iii) 给予相关救济。Cirrus 已通过签署作为 Exhibit 2 附于本文件的其对 Proposed Order 的同意书，确认其同意 Proposed Order 的条款。\n\nIV. 与 Cirrus 的拟议和解\n\n40. 自法院作出 Execution Order 且受托人取得 SF50 Aircraft 的占有后，受托人与 Cirrus 通过其律师，一直寻求就受托人在本对抗程序中针对 Cirrus 提出的请求进行和解谈判。\n\n41. 最终，受托人已同意，在获得法院批准的前提下，按以下重大条款（在 Proposed Order 中有更具体规定）就针对 Cirrus 的 Cirrus Claims 与 Cirrus 达成和解：[7]\n\na. 在准予本动议的 Proposed Order 作出后十（10）个营业日内，Cirrus 应：(i) 通过电汇向受托人支付 $3,500,000.00 的即时可用资金（以下简称“Settlement Amount（和解金额）”）；以及 (ii) 签署并向受托人提供一份采用作为 Exhibit A 附于 Proposed Order 的格式的豁免书（以下简称“Cirrus Release（Cirrus 豁免书）”）；\n\nb. 在受托人收到 Settlement Amount 和 Cirrus Release 的同时，受托人应：(a) 签署并向 Cirrus 提供一份有关 SF50 Aircraft 的销售凭证，格式如作为 Exhibit B 附于 Proposed Order 的文件所示（以下简称“Sale（出售）”）；(b) 签署并向 Cirrus 提供一份采用作为 Exhibit C 附于 Proposed Order 的格式的豁免书（以下简称“Trustee Release（受托人豁免书）”，并与 Cirrus Release 合称“Releases（豁免书）”）；以及 (c) 在该对抗程序中提交撤诉通知，仅撤回针对 Cirrus 的 Cirrus Claims。[8]\n\nV. 和解/出售重大条款摘要\n\n42. 下表载明拟议和解（包括 Sale）的重大条款，具体以 Proposed Order 的规定为准。\n\n条款 摘要说明\n\n当事方 Luc A. Despins（吕克·A·德斯平斯），仅以 Ho Wan Kwok 遗产第11章受托人的身份，而非以其个人身份\nCirrus Design Corporation（西锐设计公司）\n\nSettlement Amount 总额：$3,500,000.00\n即 Settlement Amount，应在法院批准\nProposed Order（以下简称“Settlement Order（和解命令）”）\n后10个营业日内支付\n\n待售财产 SF50 Aircraft\n\n交割 受托人向 Cirrus 转让 SF50 Title，将与 Cirrus 向受托人支付 Settlement Amount 并向受托人提供 Cirrus Release 同时进行。\n交割将在 Cirrus 位于田纳西州诺克斯维尔的设施举行。\n\n销售/转让税 Cirrus 将负责支付与出售 SF50 Aircraft 有关的任何销售税或转让税。\n\n8 为免生疑问，撤回针对 Cirrus 的 Cirrus Claims 不应损害受托人在 Qiang Guo Cirrus Judgment 项下的权利；但是，在受托人收到 Settlement Amount 后，该金额应抵减郭强在 Qiang Guo Cirrus Judgment 项下的责任。\n\n条款 摘要说明\n\n陈述与保证 Cirrus（西锐）声明，其已完成对 SF50 Aircraft 的检查，并且在交割时，Cirrus 将被视为已按“现状”条件接受 SF50 Aircraft。受托人未作出任何明示或默示保证，亦未就 SF50 Aircraft 的状况作出任何陈述。Cirrus 进一步声明：(a) 其与债务人或债务人关联方（定义见本文，包括 Qiang Guo（郭强））不存在关联关系；(b) Cirrus 与债务人或债务人关联方不存在任何协议，且并非代表债务人或债务人关联方行事；以及 (c) Cirrus 就本次出售应作出的所有付款均已在本动议中披露。\n\n豁免与撤诉 受托人与 Cirrus 应按照拟议命令的规定交换豁免书，且受托人应在对抗程序中撤回针对 Cirrus 的 Cirrus Claims。\n\n破产法院专属管辖权 本院对与本次出售有关或因本次出售引起的任何主张或争议享有专属管辖权，双方不可撤销地服从本院的专属管辖权，放弃其目前或日后可能对审判地或法院便利性提出的任何异议，同意所有与本次出售有关的主张均由本院裁决，并进一步同意不在任何其他法院提出任何与本次出售有关的主张。\n\nVI. 遵守地方法则 6004-2(c)\n\n43. 根据地方法则 6004-2(c)，受托人进一步陈述：\n\n地方法则 6004-2 出售条款披露\n\n向内部人士出售\n（地方法则 6004-2(c)(1)） Cirrus 并非《破产法典》第 101(31) 条所定义的内部人士。\n\n与管理层的协议\n（地方法则 6004-2(c)(2)） 不适用。\n\n豁免\n（地方法则 6004-2(c)(3)） 受托人与 Cirrus 将按照拟议命令的规定交换豁免书。交割时（定义见本文），受托人应在对抗程序中有偏见地撤回针对 Cirrus 的 Cirrus Claims。\n\n地方法则 6004-2 出售条款披露\n\n私下出售／无竞争性竞价\n（地方法则 6004-2(c)(4)） 尽管受托人并未考虑举行拍卖，受托人已如本动议所述考虑了各种出售方案。受托人亦知悉，如不将 SF50 Aircraft 出售给 Cirrus，Cirrus 不准备以受托人可接受的经济条款解决 Cirrus Claims。鉴于受托人审阅的信息，包括 SPI 提供的信息，以及与 Qiang Guo 在受托人取得 SF50 Title 前出售该飞机所作努力有关的信息；并进一步考虑拟议和解的经济条件，包括 Settlement Amount、本动议所提出售的较低交易成本（包括无需支付任何经纪佣金），以及通过解决 Cirrus Claims 而为破产财产节省的律师费；受托人认为，作为拟议和解必要组成部分的本次出售，其经济条件优于受托人通过拍卖或向替代买方私下出售而合理可能获得的条件。\n\n交割及其他期限\n（地方法则 6004-2(c)(5)） SF50 Title 从受托人转让给 Cirrus（“交割”）将与 Cirrus 支付 Settlement Amount 并向受托人提供 Cirrus Release 同时发生；Cirrus 应在 Settlement Order 登记后 10 个营业日内支付并提供该等款项和文件。\n\n诚意保证金\n（地方法则 6004-2(c)(6)） Cirrus 未支付保证金。\n\n与拟议买方的临时安排\n（地方法则 6004-2(c)(7)） 与 Cirrus 不存在任何临时安排。\n\n地方法则 6004-2 出售条款披露\n\n收益用途\n（地方法则 6004-2(c)(8)） Settlement Amount 将支付给受托人，以惠及债务人的破产财产。Settlement Amount 扣除受托人为取得占有及出售 SF50 Aircraft 而发生的任何成本和费用（“费用”）后的金额（“净收益”）将用于抵减 Qiang Guo Cirrus Judgment。受托人应在交割后十四（14）日内提交披露费用的声明。交割后，受托人应保留针对 Qiang Guo 的金钱判决，其金额为原 Qiang Guo Cirrus Judgment 减去净收益。若 SF50 Aircraft 上存在任何留置权，该等留置权将附着于收益，但受托人有权对此等留置权提出异议。\n\n税收豁免\n（地方法则 6004-2(c)(9)） 受托人未请求根据《破产法典》第 1146(a) 条宣告本次出售免税。\n\n记录保存\n（地方法则 6004-2(c)(10)） 不适用。\n\n撤销权诉讼的出售\n（地方法则 6004-2(c)(11)） 受托人未请求出售任何撤销权诉讼。\n\n关于继受责任的请求认定及命令\n（地方法则 6004-2(c)(12)） 受托人未请求就继受责任主张作出任何认定。\n\n无未到期租赁的自由且明确出售\n（地方法则 6004-2(c)(13)） 不存在影响 SF50 Aircraft 的未到期租赁。根据 Execution Order，受托人取得 SF50 Title 后，SF50 Operating Agreement 即不再具有任何效力。Execution Order ¶ 6。\n\n信用竞价\n（地方法则 6004-2(c)(14)） 不适用。\n\n免除《破产程序规则》6004(h) 的限制\n（地方法则 6004-2(c)(15)） 受托人请求免除《破产程序规则》6004(h) 规定的十四日期间暂停，以便本次出售经本院批准后尽快完成交割。\n\n9 受托人于 2025 年 2 月对 SF50 Aircraft 进行了所有权检索，结果显示该飞机不存在任何留置权。\n\n地方法则 6004-2 出售条款披露\n\n扣除款和／或“赠与”\n（地方法则 6004-2(c)(16)） 不适用。\n\n剩余资产\n（地方法则 6004-2(c)(17)） 本次出售并非出售破产财产的实质全部资产。交割后仍将存在额外资产。\n\nVII. 救济依据\nA. 应根据《破产程序规则》9019 批准和解\n\n44. 本院应批准受托人与 Cirrus 之间的拟议和解，该和解为债务人破产财产的债权人带来有利结果。\n\n45. 为根据《破产程序规则》9019 批准妥协与和解，破产法院应认定该妥协与和解公平、公正、合理，并符合债务人破产财产的最佳利益。参见，例如，Air Line Pilots Ass'n, Int'l v. Am. Nat'l Bank & Tr. Co. of Chi. (In re Ionosphere Clubs, Inc.), 156 B.R. 414, 426 (S.D.N.Y. 1993.), aff'd, 17 F.3d 600 (2d Cir. 1994) (citations omitted); In re Enron Corp., No. 02 Civ. 8489(AKH), 2003 WL 230838, at \\*2 (Bankr. S.D.N.Y. Jan. 31, 2003)。批准特定和解的决定属于本院的合理裁量权范围。参见 Nellis v. Shugrue, 165 B.R. 115, 122-23 (S.D.N.Y. 1994)。\n\n46. 重要的是，“和解不必是债务人本可获得的最佳和解。”In re Adelphia Commc'ns Corp., 327 B.R. 143, 159 (Bankr. S.D.N.Y. 2005) (citing In re Penn Cent. Transp. Co., 596 F.2d 1102, 1114 (3d Cir. 1979))。相反，本院仅需“审视争议问题，并确定该和解是否低于合理性范围内的最低点。”Id. (citing In re W.T. Grant Co., 699 F.2d 599, 608 (2d Cir. 1983))。在决定特定和解是否处于“合理性范围”内时，法院考虑以下因素：\n\n(1) 诉讼成功可能性与和解未来利益之间的平衡；(2) 复杂且旷日持久的诉讼的可能性，“及其随之而来的费用、不便和拖延”……；(3) “债权人的首要利益”，包括每一受影响类别的相对利益，“以及债权人不反对或积极支持拟议和解的程度”；(4) 其他利害关系方是否支持该和解；(5) 支持该和解的“律师的能力与经验”，以及审查该和解的“破产法院法官的经验与知识”；(6) “高级职员和董事将获得的豁免的性质与范围”；以及 (7) “该和解在何种程度上是公平交易谈判的结果。”\n\nIn re Iridium Operating Llc, 478 F.3d 452, 462 (2d Cir. 2007)。\n\n47. 在就拟议和解进行谈判时（其中出售交易是核心），受托人考虑了包括以下事项在内的因素：(a) 受托人对 Cirrus Claims 实力的看法（包括基于其对 Qiang Guo 取得 Cirrus Aircraft 的调查）；(b) Cirrus 资源充足，且由有能力并具经验的律师代理这一事实；(c) 本对抗程序中进一步诉讼的成本（包括律师费）及不确定性；(d) 若受托人基于包括 SPI 提供的信息及 UK Buyer 谈定的购买价格在内的信息直接营销该飞机，SF50 Aircraft 的可能市场价值；(e) 向 Cirrus 以外的买方出售可能要求受托人承担额外交易成本（包括但不限于支付经纪佣金）；以及 (f) 本院作出 Execution Order 并将 SF50 Title 转让给受托人后，Cirrus 向受托人提供的实质性协助。值得注意的是，$3.5 million Settlement Amount 远高于受托人向另一买方出售 SF50 Aircraft 的可能售价，因为向 Cirrus 出售是更广泛和解的一个组成部分。\n\n48. 拟议和解体现了受托人对其商业判断的审慎行使。该和解将为破产财产带来远高于受托人向另一买方出售 SF50 Aircraft 所能取得的金额，从而在无需承担重大交易成本或进一步诉讼费用的情况下，为破产财产取得近 90% 的 Cirrus Transfers。\n\nB. 应根据 Conn. Gen. Stat. Section 52-356a 及《破产法典》第 363(b) 条批准出售 SF50 Aircraft\n\n49. 本院已根据 Civil Rule 69（依 Bankruptcy Rule 7069 适用）及 Conn. Gen. Stat. section 52-356a, et seq. 作出 Execution Order，授权受托人为执行 Qiang Guo Cirrus Judgment 而对 SF50 Aircraft 实施执行。根据 Execution Order，SF50 Title 已转让给受托人，以便按照本院批准的条款出售。执行后，康涅狄格州关于判决执行的法规规定，应在商业上合理的条件下出售已查封财产。参见 Conn. Gen. Stat. § 52-356a(b)。[10]\n\n50. 《破产法典》第 363(b) 条授权受托人在通知和听证后，于其正常营业过程之外出售资产。参见 11 U.S.C. § 363(b)。此外，Bankruptcy Rule 6004(f) 授权受托人通过私下出售或公开拍卖的方式，于正常营业过程之外出售破产财产。Fed. R. Bankr. P. 6004(f)。\n\n51. 在正常营业过程之外出售资产的决定，基于受托人的合理商业判断。参见，例如，In re Chateaugay Corp., 973 F.2d 141 (2d\n\n10 根据《破产程序规则》第 7069 条适用于对抗程序的《民事诉讼规则》第 69(a) 条，“并不要求严格遵循州程序法……实质性遵守州程序可能已足够。”SEC v. Bronson, No. 12-cv-6421 (KMK), 2023 U.S. Dist. LEXIS 171056, at \\*4 (S.D.N.Y. Sep. 20, 2023)（已清理，省略内部引注）。“这是因为执行判决的程序旨在迅速、低廉且非正式。”SEC v. Mulholland, No. 12-cv-14663, 2017 U.S. Dist. LEXIS 190387, at \\*37 (E.D. Mich. Nov. 17, 2017)（已清理）（引自 12 Charles Alan Wright and Arthur R. Miller, Federal Practice and Procedure, § 3012, \"What Law Governs,\" (3d ed. 2014); Resolution Tr. Corp. v. Ruggiero, 994 F.2d 1221, 1226 (7th Cir. 1993)（“我们不认为《规则》第 69 条的起草者意图将法官置于程序的束缚之中，无论该程序源自州法还是联邦法。”））。因此，Second Circuit（第二巡回上诉法院）建议对“第 69(a) 条采取灵活的处理方法”。见 Mitchell v. Lyons Prof'l Servs., 727 F. Supp. 2d 120, 124 (E.D.N.Y. 2010)（讨论 Chambers v. Blickle Ford Sales, Inc., 313 F.2d 252 (2d Cir. 1963)（认可一种“符合《规则》精神，且看来已充分接近遵守州程序”的判决执行程序））。\n\nCir. 1992); Comm. of Equity Security Holders v. Lionel Corp (In re Lionel Corp.), 772 F.2d 1063, 1071 (2d Cir 1983)。受托人对于决定其资产的出售方式享有广泛裁量权，并且根据《破产法典》第 363(b) 条，允许在正常营业过程之外进行私下出售。见 In re Bakalis, 220 B.R. 525, 531 (Bankr. E.D.N.Y. 1998)（指出受托人有权通过私下出售处置破产财产）；例如，Palermo v. Pritam Realty, Inc. (In re Pritam Reality, Inc.), 233 B.R. 619 (D. P.R. 1999)（维持破产法院对第 11 章债务人进行的私下出售的批准）；In re MF Glob. Inc., 535 B.R. 596 608 (Bankr. S.D.N.Y. 2015)（在满足《破产法典》第 363(b) 条标准的情况下，批准第 11 章债务人资产的私下出售）。在私下出售的收益超过举行公开出售所造成的延误和费用时，法院已批准私下出售。见 In re Dewey & Leboeuf LLP, 2012 Bankr. LEXIS 5116 at \\*17-18 (Bankr. S.D.N.Y. Nov. 1, 2012)（认定在公开出售成本更高的情况下，通过私下出售财产具有正当的商业理由）。\n\n52. 受托人谨陈，鉴于本文件所述的具体事实和情形，存在正当理由豁免《地方法规则》第 6004-1 条关于公开出售的要求。受托人已就 SF50 Aircraft（SF50 飞机）的清算价值进行了尽职调查，见上文第 33、34 段，并了解作为拟议和解基本要素的向 Cirrus（西锐）出售，将为破产财团实现的价值实质上高于受托人通过公开拍卖出售该飞机时破产财团将实现的价值。按本动议所提议进行的出售还将使受托人避免额外的交易成本（包括经纪人佣金；即使按照 SPI 所提供的佣金结构，该佣金也可能接近六位数）。\n\n53. 一旦法院确信拟议出售具有合理的商业理由，法院随后必须确定：(i) 受托人是否已向利害关系方提供充分且合理的通知，(ii) 出售价是否公平合理，以及 (iii) 购买人是否本着善意行事。见 In re Betty Owens Sch., Inc., No. 1997 WL 188127, at \\*4 (S.D.N.Y. 1997)。\n\n54. 如本动议所详述，向 Cirrus 出售 SF50 飞机具有强有力的商业理由。通过该出售——该出售系作为和解的一部分谈判达成，而该和解还将解决 Cirrus 对 Cirrus 提出的主张——受托人将为破产财团获得实质上高于向其他买方出售时可获得的价值。Cirrus 已经完成其对 SF50 飞机的检查，并准备立即按“现状”条件接受该飞机。[11] 事实上，Cirrus 将支付的和解金额超过 Cirrus 于 2021 年以全新状态出售 SF50 飞机时的原始购买价格近五十万美元。此外，受托人将避免通过经纪人出售 SF50 飞机的费用（包括经纪人佣金，以及就该飞机谈判意向书和买卖协议所产生的专业费用）。\n\n55. 由于该出售将使破产财团实现的价值高于其在该飞机任何替代处置方式下可能获得的价值，因此该出售显然在商业上合理。见 Conn. Gen. Stat. § 52-356a(b)。此外，自执行命令作出且 Qiang Guo（郭强）收到该命令通知以来，郭强既未对执行命令所给予的救济提出异议，也未就该飞机提交豁免主张表。根据执行命令，郭强还将获送达本动议副本。无论如何，郭强不可能合理主张其因受托人作为拟议和解的一部分进行该出售而受到不利影响，因为和解的净收益[12]将用于清偿 Qiang Guo Cirrus Judgment（郭强 Cirrus 判决），从而减少郭强在该判决项下的责任。[13]\n\n11 Cirrus 具备按这些条款达成和解的有利条件，因为其作为此类飞机的制造商和销售商，能够在不产生重大交易成本的情况下营销和出售该飞机。作为产品制造商，Cirrus 还可能提供比受托人作为私人卖方所能提供的更具吸引力的出售条款（例如，Cirrus 可包括附带服务和利益，如飞机操作培训和/或零部件及维护保修）。\n\n56. 同样，根据《地方法规则》第 6004-2(g) 条，受托人将向所有表示有兴趣购买 SF50 飞机的当事人送达本动议副本（即 UK Buyer（英国买方）及向 SPI 表示有意购买该飞机的任何潜在买方）。并且，拟议和解（包括该出售）是受托人与 Cirrus 之间基于善意、独立交易谈判的结果。\n\n57. 基于上述理由，受托人谨陈，作为拟议和解一部分向 Cirrus 出售 SF50 飞机在商业上合理，符合破产财团的最佳利益，并且应当根据 Conn. Gen. Stat. section 52-356a, et seq. 及《破产法典》第 363(b) 条予以批准。\n\nC. 根据《破产法典》第 363(f) 条，应当授权在不附带留置权、主张、权益及负担的情况下出售 SF50 飞机，但须受和解命令条款的约束\n\n58. 《破产法典》第 363(f) 条授权受托人在下列情形下出售资产，不附带留置权、主张、权益及负担：\n\na. 适用的非破产法允许在不附带该等权益的情况下出售该财产；\n\nb. 该实体同意；\n\nc. 该等权益属于留置权，且该财产的出售价格高于该财产上所有留置权的总价值；\n\nd. 该等权益存在善意争议；或\n\n12 从和解金额中扣除费用符合 Conn. Gen. Stat. § 52-356a(d)。\n\n13 郭强仍须根据法院在 Adv. Proc. No. 24-5238 中作出的另一项缺席判决对破产财团承担责任，并且受托人在多项其他对抗程序中对郭强的主张尚待审理，受托人将继续为破产财团的利益追诉并执行所有该等主张。\n\ne. 在法律或衡平程序中，可以强制该实体接受对该等权益的金钱清偿。\n\n11 U.S.C. § 363(f)。由于《破产法典》第 363(f) 条以析取方式起草，满足五项要求中的任何一项，即足以允许在“不附带”留置权和权益的情况下出售 SF50 飞机。见 In re Dundee Equity Corp., 1992 WL 53743 at \\*4 (Bankr. S.D.N.Y. Mar. 6, 1992)（“[第]363(f)条采用析取方式，因此，只要满足第 363(f) 条的任一条件，即可出售有关权益。”）。\n\n59. 受托人的产权检索未发现与 SF50 飞机有关的任何留置权或其他负担。但是，如存在针对 SF50 飞机的任何留置权、主张、权益或负担，受托人谨陈，应当批准该出售不附带任何该等留置权、主张、权益及负担，因为任何该等留置权、主张、权益或负担将附着于出售所得款项，但须受受托人就此可能享有的任何主张和抗辩的约束，从而为任何受影响的第三方提供充分保护。见 MacArthur Co. v. Johns-Manville Corp., 837 F.2d 89, 94 (2d Cir. 1988)（“长期以来已得到承认的是，当债务人的资产在不附带第三方权益的情况下被处置时，如果该第三方可对处置所得款项主张其权益，则该第三方已获得充分保护。”）。\n\n60. 基于所有上述理由，受托人请求法院授权受托人出售 SF50 飞机，不附带任何留置权、主张、权益及负担，但须受和解命令条款的约束。\n\nD. SF50 飞机的出售应受《破产法典》第 363(m) 条保护\n\n61. 《破产法典》第 363(m) 条保护善意购买人对于从破产财团购买的财产所享有的权益，即使根据《破产法典》第 363(b) 条进行的出售后来在上诉中被撤销或修改。具体而言，第 363(m) 条规定如下：\n\n对依据[第 363(b) 条]……作出的授权在上诉中予以撤销或修改，不影响向善意购买……该等财产的实体进行……出售的有效性，无论该实体是否知悉该上诉尚未审结，除非该授权及该出售……在上诉期间被中止。\n\n62. 尽管《破产法典》未界定“善意”，Second Circuit 已指出：\n\n购买人的善意通过其在出售程序过程中的行为诚信体现……购买人的善意会因欺诈、购买人与其他竞买人或受托人之间的串通，或者企图不当攫取其他竞买人的重大不公平利益而丧失。\n\nIn re Gucci, 126 F.3d 380, 390 (2d Cir. 1997)（省略内部引文）。《破产法典》第 363(m) 条“促进了‘不仅赋予破产法院判决终局性，而且尤其赋予第三方所依赖的那些命令和判决终局性的政策。’”In re Chateaugay Corp., 1993 U.S. Dist. Lexis 6130 \\*9 (S.D.N.Y. 1993)（引自 In re Abbots Dairies of Penn., Inc., 788 F.2d 143, 147）；另见 Allstate Ins. Co. v. Hughes, 174 B.R. 884, 888 (S.D.N.Y. 1994); In re Stein & Day, Inc., 113 B.R. 157, 162 (Bankr. S.D.N.Y. 1990)。\n\n63. 受托人通过与 Cirrus 的独立交易谈判，并结合对 SF50 飞机价值的尽职调查，选择 Cirrus 购买该飞机。经此过程，受托人确定，作为和解一部分向 Cirrus 出售 SF50 飞机，与通过经纪人向另一买方出售该飞机相比，将为破产财团产生实质上更多的价值。受托人没有理由相信 Cirrus 与其他利害关系方串通，或以其他方式试图在该过程中获得不公平优势。\n\n64. 此外，Cirrus 已向受托人陈述，Cirrus：(a) 与债务人或债务人的家庭成员或关联人士（包括但不限于 Qiang Guo（郭强），以下简称“债务人关联人士”）不存在任何关联；(b) 与债务人或债务人关联人士不存在任何协议，且并非代表债务人或债务人关联人士行事；以及 (c) Cirrus 就本次出售所作出的所有付款均已在本动议中披露。因此，受托人主张，Cirrus 是善意购买人，有权获得《破产法典》第 363(m) 条规定的保护。\n\n根据《破产规则》第 6004(h) 条免除暂缓执行\n\n65. 受托人请求法院免除《破产规则》第 6004(h) 条规定的任何适用暂缓执行，该条规定：“除现金担保物以外，授权使用、出售或租赁财产的命令，自命令作出之日起至 14 日期满前暂缓执行，除非法院另有命令。”Fed. R. Bankr. P. 6004(h)。\n\n66. Cirrus 已告知受托人，其希望尽快完成交割。此外，Cirrus 和破产财产均将因立即解决 Cirrus 债权请求而无需进一步承担诉讼费用，从中受益。因此，受托人谨请法院免除《破产规则》第 6004(h) 条规定的十四日暂缓执行，因为本案所请求救济的紧迫性质足以证明应立即给予救济。\n\n通知\n\n67. 本动议的通知将送达：(i) United States Trustee for the District of Connecticut（康涅狄格区美国受托人办公室）；(ii) Cirrus；(iii) 债务人的代理律师；(iv) Qiang Guo（将依照《送达程序命令》向其送达）；(v) ATC；(vi) Official Committee of Unsecured Creditors（无担保债权人官方委员会）的代理律师；(vii) SPI 以及已知曾表示有意购买 SF50 Aircraft 的所有实体和个人；以及 (viii) 根据《破产规则》第 2002 条请求在债务人案件中获得通知的所有当事人（统称为“受通知方”）。\n\n受通知方将收到本动议的完整副本。\n\n[本页其余部分故意留白。]\n\n因此，基于上述理由，受托人谨请破产法院作出拟议命令，准予本案所请求的救济。\n\nLUC A. DESPINS（卢克·A·德斯平斯），受托人\n\n日期：November 3, 2025 New Haven, Connecticut（康涅狄格州纽黑文）\n\n签署人：/s/ Patrick R. Linsey\n\nDouglas S. Skalka（道格拉斯·S·斯卡尔卡）（ct00616） Patrick R. Linsey（帕特里克·R·林赛）（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以及\n\nG. Alexander Bongartz（G. 亚历山大·邦加茨）（admitted pro hac vice） Douglass Barron（道格拉斯·巴伦）（admitted pro hac vice） PAUL HASTINGS LLP 200 Park Avenue New York, New York 10166 (212) 318-6000 alexbongartz@paulhastings.com douglassbarron@paulhastings.com\n\n以及\n\nNicholas A. Bassett（尼古拉斯·A·巴塞特）（admitted pro hac vice） PAUL HASTINGS LLP 2050 M Street NW Washington, D.C., 20036 (202) 551-1902 nicholasbassett@paulhastings.com\n\nChapter 11 受托人的代理律师\n\n动议附件 1\n\n（拟议命令）\n\nUNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION（美国康涅狄格区破产法院布里奇波特分院）\n\n---------------------------------------------------------------- x\n\n关于： ：\n： 第 11 章\n\nHO WAN KWOK（郭文贵），\n等 ：\n： 案号：22-50073 (JAM)\n债务人。 ：\n： （联合管理）\n\n---------------------------------------------------------------- x\n\nLUC A. DESPINS，第 11 章\n受托人， ：\n\n： 对抗程序案号：24-05225\n原告， ：\n诉 ：\n\nCIRRUS DESIGN CORPORATION（西锐设计公司）及 ：\nQIANG GUO（郭强）， ：\n\n被告。 x\n\n[拟议] 命令：依据《破产法典》第 105 条和第 363 条、CONN. GEN. STAT. § 52-356a、民事规则第 69 条、《破产规则》第 2002 条、第 6004(c) 条、第 7069 条、第 9014 条和第 9019 条，以及地方法则第 6004-1 条、第 6004-2 条和第 9019-1 条，授权并批准：(I) 与 CIRRUS DESIGN CORPORATION 达成和解；(II) 出售 SF50 飞机，且不附带留置权、债权请求、权益和负担；以及 (III) 准予相关救济\n\n1 本第 11 章案件的债务人为 Ho Wan Kwok（郭文贵）（亦称 Guo Wengui、Miles Guo 和 Miles Kwok，以及众多其他别名）（税务识别号码后四位：9595）、Genever Holdings LLC（税务识别号码后四位：8202）和 Genever Holdings Corporation。受托人、Genever Holdings LLC 及 Genever Holdings Corporation 的邮寄地址为 Paul Hastings LLP，200 Park Avenue，New York, NY 10166，c/o Luc A. Despins，作为 Ho Wan Kwok 破产财产的受托人（仅为通知和通信之目的）。\n\n经 Luc A. Despins 以其作为在 Ho Wan Kwok（以下简称“债务人”）第 11 章案件中获任命的第 11 章受托人（以下简称“受托人”）的身份，根据《美国法典》第 11 编（以下简称“破产法典”）第 105 条、第 363(b) 条和第 363(f) 条、Connecticut General Statutes（康涅狄格州普通法）第 52-356a 条、Federal Rules of Civil Procedure（联邦民事诉讼规则，以下简称“民事规则”）第 69 条、Federal Rules of Bankruptcy Procedure（联邦破产程序规则，以下简称“破产规则”）第 2002 条、第 6004(c) 条、第 7069 条、第 9014 条和第 9019 条，以及 United States Bankruptcy Court for the District of Connecticut（美国康涅狄格区破产法院）的 Local Rules of Bankruptcy Procedure（破产程序地方法则，以下简称“地方法则”）第 6004-1 条、第 6004-2 条和第 9019-1 条提出的动议（以下简称“本动议”）[2]，请求：(i) 授权并批准：(I) 在上述标题所列对抗程序（以下简称“对抗程序”）中，就受托人针对 Cirrus Design Corporation（以下简称“Cirrus”）的债权请求达成和解；(II) 受托人将序列号 0309、注册号 N3Q 的 SF50 飞机（统称为“SF50 飞机”）出售给 Cirrus（以下简称“出售”）；以及 (III) 准予相关救济；且已于 \\_\\_\\_\\_\\_\\_ \\_\\_, 2025 就本动议举行听证会（以下简称“听证会”）；且本法院已审阅并考虑本动议、对此提出的所有异议、代理律师在听证会上提出的论点及在听证会上提交的证据；且本命令[3]的条款和条件显系符合债务人、破产财产、债权人及其他利益相关方的最佳利益；且经对此审慎审议，并有充分理由：\n\n2 本文中使用但未定义的首字母大写术语，应具有本动议中规定的含义。\n\n3 为免生疑问，对本命令的提及应被视为包括其附件。\n\n法院特此认定如下：4\n\n管辖权和终局命令\n\nA. 本法院根据 28 U.S.C. §§ 1334 和 157，以及 United States District Court for the District of Connecticut（美国康涅狄格区联邦地区法院）的常设移送命令，对出售的批准具有审理和裁决管辖权。本案系依据 28 U.S.C. § 157(b) 的核心程序。本案在本区的审理地点依据 28 U.S.C. §§ 1408 和 1409 为适当。\n\nB. 本命令构成 28 U.S.C. § 158(a) 所指的终局命令。尽管有《破产规则》第 6004(h) 条的规定，并在《破产规则》第 9014 条及经《破产规则》第 7054 条适用的 Federal Rules of Civil Procedure（联邦民事诉讼规则）第 54(b) 条所必要的任何范围内，本法院明确认定不存在延迟执行本命令的正当理由，并明确指示按本文所述登记判决书。Cirrus 作为《破产法典》第 363(m) 条规定的善意购买人，可于本命令作出后的任何时间完成本命令授权的出售，且不受《破产规则》第 6004(h) 条规定的暂缓执行约束。\n\n出售通知\n\nC. 已向所有已知利益相关个人或实体提供本动议、听证会的实际书面通知，以及就本动议和其中请求的救济提出异议或获得陈述意见的合理机会。\n\nD. 如先前向本法院提交的送达证明所证明：(i) 已向所有受通知方提供关于本动议、听证会、本命令的作出、出售及相关异议期限的适当、合规、及时、充分且足够的通知；(ii) 该等通知在本第 11 章案件的情形下过去及现在均属良好、充分且适当，为利益相关方提供了就此提出异议及获得陈述意见的公平且合理的机会，并且系依照《破产法典》、《破产规则》、适用的地方法则及本法院的命令提供；以及 (iii) 无需亦不应要求就该等事项提供其他或进一步的通知。\n\n商业判断和商业合理性\n\nE. 受托人已证明，迅速完成出售和拟议和解具有良好、充分和合理的商业目的及正当理由，并具有令人信服的情形；该等行动是受托人商业判断的适当行使，并且符合债务人、其破产财产及其债权人的最佳利益。该等商业理由包括但不限于以下事实：(i) 受托人与 Cirrus 之间和解的条款（包括和解金额）以及本命令规定的其他条款，构成就 SF50 飞机收到的最高报价，或以其他方式构成最高且最佳报价；(ii) 按照本命令规定的条款进行出售，为最大化 SF50 飞机的价值提供最佳机会；以及 (iii) 除非按本命令规定迅速完成出售，潜在的债权人受偿可能减少。基于上述理由，受托人已证明出售和拟议和解的条款具有商业合理性。\n\n营销程序\n\nF. 如本动议、在听证会上提出或提交的证词及其他证据，以及受托人及其代理律师在听证会上记录在案的陈述所证明：(i) 受托人已就 SF50 飞机的清算价值进行充分调查和尽职调查；(ii) 出售程序不存在串通，已得到适当通知，并为任何个人或实体提出购买 SF50 飞机的竞争性报价提供了充分、公平且合理的机会；以及 (iii) 受托人实施的程序为受托人及债务人的破产财产取得了 SF50 飞机的最高且最佳价值。\n\n公平对价；最高或最佳价值\n\nG. Cirrus 根据本命令将提供的对价，是对 SF50 飞机的公平且合理对价，并构成：(i) 《破产法典》、《统一欺诈性转让法》和《统一可撤销交易法》规定的合理等值；(ii) 《统一欺诈性让与法》规定的公平对价；以及 (iii) 美国、任何州、领地、属地或哥伦比亚特区任何其他适用法律规定的合理等值、公平对价及公允价值。该等对价构成对 SF50 飞机的最高且最佳报价。任何其他个人、实体或个人或实体团体均未提出购买 SF50 飞机的报价，其向债务人破产财产提供的价值等于或高于 Cirrus 根据本命令提供的价值。\n\n善意\n\nH. 拟议和解和出售（包括本命令的条款）由受托人和 Cirrus 本着善意、无串通并在独立交易的谈判地位下协商、提出和订立，且正在由其实施。同样，债务人的破产财产将在出售完成时获得的价值，是受托人、Cirrus 及其各自代表和顾问之间独立交易谈判的结果。\n\nI. Cirrus（西锐）正在善意购买 SF50 Aircraft（SF50 飞机），并且是《破产法典》section 363(m) 所指的善意购买人，因此有权享有该条款以及任何其他适用或类似的破产法和非破产法所赋予的全部权利、利益、特权和保护。\n\nJ. Cirrus 和受托人均未实施任何会妨碍《破产法典》section 363(m) 适用于本裁定或出售完成的行为。\n\nK. Cirrus 在与出售及本程序有关的所有方面均系善意行事，其中包括：(a) Cirrus 的要约及出售条款已向公众披露；(b) Cirrus 将支付的所有款项均已披露；以及 (c) Cirrus 未因任何作为或不作为而违反《破产法典》section 363(n)。\n\nL. Cirrus 不是债务人的内部人或关联方（该术语定义见《破产法典》sections 101(2) and 101(31)）。\n《破产法典》section 363(f) 的条件已得到满足\n\nM. 受托人获授权出售 SF50 飞机，且该出售不受针对债务人或其破产财产的任何留置权、请求权、权益及负担的约束，因为《破产法典》section 363(f)(1)-(5) 规定的一项或多项标准已经满足。\n\nN. 对于未就出售或本动议提出异议（或最终撤回其异议，如有）的留置权、请求权、权益或负担持有人，根据《破产法典》section 363(f)(2)，其已同意或被视为已同意该出售。此外，《破产法典》section 363(f) 的一个或多个其他款项亦适用，因此，SF50 飞机上的留置权、请求权、权益或负担持有人获得充分保护，其对 SF50 飞机享有的留置权、请求权、权益或负担，仅附着于出售所得款项，且受制于受托人对该等留置权、请求权、权益或负担提出异议的权利，并具有该等持有人在出售前所享有的相同优先顺位、范围、效力和效果。\n\nO. 如出现下列情形，Cirrus 将不会签订出售交易，亦不会完成由此设想的交易，从而对债务人的破产财产及其债权人产生不利影响：(i) SF50 飞机的出售并非不受所有留置权、请求权、权益及负担约束；或 (ii) Cirrus 将会或日后可能须对任何该等留置权、请求权、权益及负担承担责任。根据本裁定提供的全部对价，反映了 Cirrus 对本裁定的依赖，即依照《破产法典》sections 105(a) and 363(f)，本裁定将使其取得不受所有留置权、请求权、权益及负担约束的 SF50 飞机所有权及占有权。\n所有权转移的效力\n\nP. 受托人向 Cirrus 转让 SF50 飞机的所有权，将构成合法、有效且具效力的所有权转让，并将使 Cirrus 取得 SF50 飞机的一切法定、衡平及受益权利、所有权和权益，且不受任何留置权、请求权、权益及负担的约束。根据 Conn. Gen. Stat. sections 52-356a, et seq. 以及《破产法典》的所有适用条款，包括但不限于《破产法典》sections 105(a), 363(b), 363(f), and 363(m)，出售的完成是合法、有效且经适当授权的，并且已就出售遵守《破产法典》该等条款的所有适用要求。交割后，债务人的破产财产将免除因 Cirrus 在交割后拥有 SF50 飞机而产生或与之相关的任何责任或其他任何性质的义务。\n放弃《破产规则》6004(h) 的规定\n\nQ. SF50 飞机的出售必须迅速获得批准并完成。受托人和 Cirrus 拟于本裁定作出后迅速完成出售交割。受托人已证明，按照本裁定所设想的方式立即批准并完成出售，具有令人信服的情形以及良好、充分和合理的商业目的和正当理由。因此，有充分理由解除《破产规则》6004(h) 就本裁定所设想交易规定的中止。\n\n法院特此命令、裁定并判决：\n\n1. 本动议在所有方面予以准许和批准；任何尚未以其他方式撤回、放弃或和解的相关异议，均予驳回。\n\n2. 根据《破产规则》9019，现就在本裁定条款中规定的受托人与 Cirrus 就针对 Cirrus 的 Cirrus Claims（Cirrus 请求权）达成的和解，在所有方面予以批准。\n\n3. 根据 Conn. Gen. Stat. sections 52-356a, et seq.、Rule 69 of the Civil Rules (made applicable by Rule 7069 of the Bankruptcy Rules) 以及《破产法典》sections 363(b) and 363(f)，现就在本裁定项下向 Cirrus 出售 SF50 飞机且不受任何留置权、请求权、负担及其他权益约束一事，在所有方面予以批准。\n\n4. 在本裁定作出后 10 个营业日内，Cirrus 应：(a) 以电汇方式向受托人支付即时可用资金 $3,500,000.00（“和解金额”）；以及 (b) 签署并向受托人提供附于本裁定后的 Exhibit A 所载格式的豁免书（“Cirrus 豁免书”）。\n\n5. 在受托人同时收到和解金额及 Cirrus 豁免书后，受托人应：(a) 签署并向 Cirrus 提供附于本裁定后的 Exhibit B 所载格式的、有关 SF50 飞机的销售契据，并向 Cirrus 提供将 SF50 所有权转让给 Cirrus 所合理需要的其他文件；(b) 签署并向 Cirrus 提供附于本裁定后的 Exhibit C 所载格式的豁免书（“受托人豁免书”，并与 Cirrus 豁免书合称“豁免书”）；以及 (c) 在对抗程序中提交撤诉通知，仅撤销针对 Cirrus 的 Cirrus Claims。[5] 交割应在 Cirrus 位于 Knoxville, TN 的设施进行。\n\n6. 根据 Conn. Gen. Stat. sections 52-356a, et seq.、Rule 69 of the Civil Rules (made applicable by Rule 7069 of the Bankruptcy Rules) 以及《破产法典》sections 105(a), 363(b), 363(f), and 365，受托人获授权依照本裁定条款转让 SF50 飞机。受托人依照本裁定向 Cirrus 转让 SF50 所有权，应：(a) 有效、合法、具有约束力且具有效力；(b) 使 Cirrus 取得 SF50 飞机的一切权利、所有权和权益；以及 (c) 依照《破产法典》section 363(f)，不受针对 SF50 飞机的任何留置权、请求权、权益及负担的约束。\n\n7. 根据《破产法典》section 363，本裁定自交割时起即剥夺债务人及其破产财产对 SF50 飞机享有的一切权利、所有权和权益。\n\n8. Cirrus 应按“现状”接受 SF50 飞机，并据此约定，受托人未就 SF50 飞机作出任何明示或默示保证，亦未就其状况作出任何陈述。\n\n9. Cirrus 应负责就 SF50 飞机出售支付任何销售税和/或转让税。\n\n10. 根据 Conn. Gen. Stat. sections 52-356a, et seq. 及 Rule 69 of the Civil Rules (made applicable by Rule 7069 of the Bankruptcy Rules)，本裁定自交割时起即剥夺 Qiang Guo（郭强）和 Amazing Sky（惊奇天空）对 SF50 飞机享有的一切权利、所有权和权益。为免生疑，Qiang Guo 和/或 Amazing Sky 对 SF50 飞机持有的任何权利、所有权和权益，均应因本裁定而消灭，且不得附着于出售所得款项。\n\n5 为免生疑，撤销针对 Cirrus 的 Cirrus Claims 不应损害受托人在 Qiang Guo Cirrus Judgment（郭强 Cirrus 判决书）项下的权利。\n\n11. Cirrus 根据本裁定为 SF50 飞机提供的对价公平合理，并应在所有方面视为构成《破产法典》及任何其他适用法律项下的合理等值、公平价值及公平对价；不得依据《破产法典》section 363(n) 或《破产法典》的任何其他条款撤销或否决出售，或对 Cirrus 施加或判给费用或损害赔偿。\n\n12. 受托人获授权并被指示采取任何及一切必要或适当行动，以：(a) 依照本动议和本裁定，在交割时完成将 SF50 飞机转让给 Cirrus 的出售，包括但不限于支付通常及惯常的交割费用；(b) 依照本裁定履行、完成、实施及结清该交易，并处理为实施本裁定而可能合理必要或适宜的所有附加文书及文件；以及 (c) 履行本裁定所设想的义务，包括 Cirrus 就此合理要求的所有行动。\n\n13. SF50 飞机中、之上或针对其的一切留置权、请求权、权益和/或负担，均应自动仅附着于出售所得款项，并具有其目前针对 SF50 飞机所具有的相同有效性、优先顺位、效力和效果，但受制于受托人或债务人破产财产就此可能享有的任何请求权和抗辩；但 Qiang Guo 和 Amazing Sky 尽管此前对 SF50 飞机享有权益，仍不得对出售所得款项享有任何权益。本裁定应作为一项认定而具有效力，即在交割时及自交割时起，SF50 飞机中、之上或针对其的任何种类或性质的一切留置权、请求权、权益和/或负担，均已无条件解除、清偿并终止。本裁定中授权及批准不受留置权、请求权、负担及其他权益约束地转让 SF50 飞机的规定，应自动执行；为使本裁定的规定生效、完成及实施，受托人或 Cirrus 均无需签署或提交豁免书、终止声明、转让书、同意书或其他文书；但受托人和 Cirrus 应按本裁定规定，就其和解签署并交换豁免书。\n\n14. 在遵守本裁定条款、条件及规定的前提下，现永久禁止并限制所有个人及实体采取任何会产生不利影响或构成干扰，或与下列事项不一致的行动：(a) 受托人向 Cirrus 出售及转让 SF50 飞机的能力；(b) Cirrus 按照本裁定条款取得、占有、使用及运营 SF50 飞机的能力；以及 (c) 受托人和 Cirrus 履行其各自在本裁定项下义务的能力；但前述限制不得损害任何具有必要诉讼资格的利害关系方依适用法律对本裁定提出上诉，或反对对本裁定提出的任何上诉的权利。\n\n15. Cirrus 有权享有《破产法典》section 363(m) 提供的一切保护。本裁定所设想的出售由 Cirrus 善意进行，符合《破产法典》section 363(b) 中该术语的含义；因此，对本裁定所提供的完成出售授权作出的上诉撤销或修改，不应影响出售的有效性，除非该授权在交割前已在该上诉待决期间被依法中止。为免生疑，在本裁定上诉待决期间，如本裁定未被中止，上诉待决本身不构成不完成出售的理由。\n\n16. 本命令的规定，以及据此采取的任何行动，在任何可能作出的确认或完成任何第11章计划的命令生效后，或在任何可能作出的将本第11章案件从《破产法》第一十一章转换为第七章或驳回本第11章案件的命令生效后，均继续有效；根据本命令授予的条款和规定以及权利和利益，应在本第11章案件或任何后续案件中继续有效，并可对受托人、债务人、其破产财产、所有债权人、对债务人享有请求权（无论已知或未知）的所有持有人、对SF50 Aircraft享有或在其上享有留置权、请求权、权益和／或负担（无论已知或未知）的所有持有人、Cirrus Design Corporation（西锐设计公司）及其各自的继承人和获准受让人，以及此后根据《破产法》第七章或第十一章被任命或选举为债务人法定代表人的任何其他受托人或其他受信义务人，具有可被强制履行和执行的效力，并对其具有约束力，包括但不限于在本第11章案件中第11章计划待决期间或该计划获确认时被任命的计划受信义务人、计划管理人、诉讼受托人或清算受托人。\n\n17. 本命令对所有可能因法律实施、其职务职责或合同而被要求接受、提交、登记或以其他方式记录或解除任何文件或文书，或可能被要求就SF50 Aircraft的所有权或所有权状态作出报告或提供保险的人员和实体（包括但不限于所有备案代理人、备案官员、产权代理人、产权公司、留置权登记机构、不动产登记官、行政机构、政府部门以及州、联邦和地方官员）具有约束力，并规范其行为。前述每一人员和实体均应接受提交为解除、清偿和终止针对SF50 Aircraft的任何留置权、请求权、权益和负担，或以其他方式完成本命令所设想出售所必需和适当的任何及所有文件和文书。\n\n18. 本命令的条款和规定在所有方面均应对受托人、债务人的破产财产及其债权人、Cirrus及其关联方、继承人和受让人，以及任何受影响第三方具有约束力或使其受益，包括Qiang Guo（郭强）、Amazing Sky（Amazing Sky）以及主张对SF50 Aircraft享有或在其上享有留置权、请求权、权益或负担的人员，即使此后根据《破产法》任何章节或任何其他法律任命任何其他受托人、审查员或接管人，亦不受影响；所有该等规定和条款同样对该等受托人、审查员或接管人具有约束力，且不得由债务人、其破产财产、其债权人或任何该等受托人、审查员或接管人拒绝或撤销。\n\n19. 为免生疑，作为本次出售的一部分，并未出售任何破产财产的诉因。\n\n20. 尽管《破产程序规则》6004(h)或《地方法规》的任何适用规定另有规定，本命令在作出后不应暂停执行，而应自作出时立即生效并可执行；《破产程序规则》6004(h)规定的14日期限特此明确放弃且不适用。对本命令提出异议的任何一方，必须在法律规定的期限内且在交割前尽到合理勤勉义务，提起上诉并寻求暂停执行，否则其上诉可能因失去争议意义而被阻却。\n\n21. 自交割时起，任何种类的所有协议以及本院在本命令日期之前作出的所有命令，均应在为允许完成本次出售所必需的范围内被视为已修订和／或修改，包括但不限于将SF50 Aircraft转让给Cirrus及完成交割。\n\n22. 交割后，净收益应抵扣Qiang Guo Cirrus Judgment。受托人应于交割后十四（14）日内提交一份说明，披露从和解金额中扣除的费用。\n\n23. 本院应保留管辖权，以便除其他事项外，(a) 解释、执行和实施本命令的条款和规定；以及(b) 裁决与本命令有关的争议。\n\n拟议命令附件A\n\n（Cirrus解除书格式）\n\n解除书\n\n特此声明：\n\nCirrus Design Corporation（西锐设计公司），作为解除方，为其自身、其母公司、关联方和子公司或代表其行事的任何人，并为其继承人和受让人，根据并考虑到《根据《破产法》第105条和第363条、Conn. Gen. Stat. § 52-356a、Civil Rule 69、Bankruptcy Rule 2002、6004(c)、7069、9014和9019，以及Local Rules 6004-1、6004-2和9019-1，授权并批准：(I) 与Cirrus Design Corporation和解；(II) 无留置权、请求权、权益及负担出售SF50 Aircraft；以及(III) 授予相关救济的命令》（下称“命令”）中所述的对价，特此解除、免除并永久免除Ho Wan Kwok（郭文贵）的破产财产[Bankr. D. Conn. case no. 22-50073]、Luc A. Despins（卢克·A·德斯平斯）以其在Ho Wan Kwok第11章案件中获任命的第11章受托人身份（下称“受托人”），以及受托人的任何律师、会计师、顾问、代表或代理人以其各自该等身份（统称“被解除方”）因下列事项而产生的任何及所有请求权、反请求、抗辩、要求、损害赔偿、诉讼、诉因或任何种类或性质的司法程序：(a) 受托人在Despins v. Cirrus Design Corporation, et al. [Bankr. D. Conn. Adv. Proc. No. 24-05225]中对Cirrus Design Corporation提出的请求权；和／或(b) SF50 Aircraft（定义见命令）；但为免生疑，本解除不应免除被解除方根据命令承担的任何义务。\n\n兹证明，前述解除方已于2025年＿＿＿＿日签署本文件。\n\n解除方：\n\nCIRRUS DESIGN CORPORATION\n\n签署人：姓名：职务：\n\n拟议命令附件B\n\n（航空器买卖契据格式）\n\nOMB控制编号：2120-0042 到期日期：10/31/2025\n\n美利坚合众国\n\n美国交通部 联邦航空管理局\n\n航空器买卖契据\n\n鉴于并考虑到：\n\n以下签署的航空器完整合法及受益所有权人，其航空器说明如下：\n\n美国注册号码\n\n航空器制造商\n\n航空器型号\n\n航空器序列号\n\n于本＿＿日，特此出售、授予、转让并交付该航空器的一切权利、所有权及权益予：\n\n仅供FAA使用\n\n请勿在本栏书写！\n\n买受人\n\n姓名和地址\n\n（如为个人，请填写姓、名和中间名首字母。）\n\n门牌号和街道\n\n城市\n\n州（或外国省、州、国家）\n\n电话号码\n\n电子邮件地址\n\n经销商证书编号\n\n并永久拥有该航空器，且保证其所有权；其遗嘱执行人、遗产管理人及受让人应持有并保有该航空器。\n\n兹证明，已于＿＿日亲笔签名并盖章。\n\n卖方姓名\n\n（打字或印刷）\n\n签名\n\n（以墨水／电子方式）\n\n（如为共同所有权而签署，所有人均须签署。）\n\n职务\n\n（打字或印刷）\n\n卖方\n\n确认书（FAA备案并非必需；但根据当地法律，可能为该文书有效性所必需。）\n\n原件：交FAA：\n\n拟议命令附件C\n\n（受托人解除书格式）\n\n解除书\n\n特此声明：\n\nLuc A. Despins（卢克·A·德斯平斯）以其在Ho Wan Kwok（郭文贵）第11章案件中获任命的第11章受托人身份，作为解除方，为其本人以该身份并为其继承人和受让人，根据并考虑到《根据《破产法》第105条和第363条、Conn. Gen. Stat. § 52-356a、Civil Rule 69、Bankruptcy Rule 2002、6004(c)、7069、9014和9019，以及Local Rules 6004-1、6004-2和9019-1，授权并批准：(I) 与Cirrus Design Corporation（西锐设计公司）和解；(II) 无留置权、请求权、权益及负担出售SF50 Aircraft；以及(III) 授予相关救济的命令》（下称“命令”）中所述的对价，特此解除、免除并永久免除Cirrus Design Corporation及其所有律师、会计师、顾问、代表或代理人以其各自该等身份（统称“被解除方”）因以下事项而产生的责任：(a) 解除方在Despins v. Cirrus Design Corporation, et al. [Bankr. D. Conn. Adv. Proc. No. 24-05225]中对Cirrus Design Corporation提出的请求权；以及(b) 与SF50 Aircraft（定义见命令）有关的任何及所有请求权、反请求、抗辩、要求、损害赔偿、诉讼、诉因或任何种类或性质的司法程序；但为免生疑，本解除不应免除被解除方根据命令承担的任何义务。\n\n兹证明，前述解除方已于2025年＿＿＿＿日签署本文件。\n\n解除方：\n\n＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿ Luc A. Despins，第11章受托人\n\n动议附件2\n\n（Cirrus Design Corporation同意书）\n\n美国康涅狄格联邦破产法院布里奇波特分院\n\n———————————————— x\n\n关于： ：\n： 第11章\n\nHO WAN KWOK（郭文贵），\n等， ：\n： 案号：22-50073 (JAM)\n债务人。 ：\n： （合并管理）\n\n———————————————— x\n\nLUC A. DESPINS（卢克·A·德斯平斯），第11章\n受托人， ：\n\n： 对抗程序案号：24-05225\n原告， ：\n诉 ：\n\nCIRRUS DESIGN CORPORATION（西锐设计公司）及 ：\nQIANG GUO（郭强）， ：\n\n———————————————— 被告。 x\n\nCIRRUS DESIGN CORPORATION对［拟议］命令的同意书：该命令根据《破产法》第105条和第363条、CONN. GEN. STAT. § 52-356a、CIVIL RULE 69、BANKRUPTCY RULES 2002、6004(c)、7069、9014和9019，以及LOCAL RULES 6004-1、6004-2和9019-1，授权并批准：(I) 与CIRRUS DESIGN CORPORATION和解；(II) 无留置权、请求权、权益及负担出售SF50 AIRCRAFT；以及(III) 授予相关救济\n\nCirrus Design Corporation（“Cirrus”）特此确认其同意Luc A. Despins以其在Ho Wan Kwok第11章案件中担任第11章受托人身份（“受托人”）提交的动议（“动议”）所附附件A中的［拟议］《根据《破产法》第105条和第363条、Conn. Gen. Stat. § 52-356a、Civil Rule 69、Bankruptcy Rules 2002、6004(c)、7069、9014和9019，以及Local Rules 6004-1、6004-2和9019-1，授权并批准：(I) 与Cirrus Design Corporation和解；(II) 无留置权、请求权、权益及负担出售SF50 Aircraft；以及(III) 授予相关救济的命令》（“拟议命令”）的条款。\n\n1 本第11章案件中的债务人是Ho Wan Kwok（亦称Guo Wengui、Miles Guo和Miles Kwok，以及众多其他别名）（税务识别号码后四位：9595）、Genever Holdings LLC（Genever控股有限责任公司）（税务识别号码后四位：8202）和Genever Holdings Corporation（Genever控股公司）。受托人、Genever Holdings LLC和Genever Holdings Corporation的邮寄地址为：Paul Hastings LLP（普衡律师事务所），200 Park Avenue, New York, NY 10166，转交Luc A. Despins，作为Ho Wan Kwok破产财产的受托人（仅用于通知和通信）。\n\nCirrus同意通过拟议命令中规定的和解解决Cirrus请求权，包括其按照该等条款取得SF50 Aircraft。[2]\n\nCirrus进一步确认，其已作出动议第36段和第64段所述的陈述，且该等陈述准确无误。\n\nCIRRUS DESIGN CORPORATION\n\n签署人：/s/ Dan Mumford 姓名：Dan Mumford 职务：高级副总裁兼总法律顾问 日期：November 3, 2025\n\n2 本文中未明确界定的首字母大写术语，具有动议中赋予其的含义。","key_entities":["Guo","Je","Kwok","Despins","Ho Wan Kwok","Paul Hastings","Miles Guo","HCHK","GTV"],"ecf_references":[{"doc_number":1,"court":"CTB"},{"doc_number":18,"court":"CTB"},{"doc_number":23,"court":"CTB"},{"doc_number":35,"court":"CTB"},{"doc_number":47,"court":"CTB"},{"doc_number":51,"court":"CTB"},{"doc_number":61,"court":"CTB"},{"doc_number":64,"court":"CTB"},{"doc_number":78,"court":"CTB"},{"doc_number":91,"court":"CTB"},{"doc_number":465,"court":"CTB"},{"doc_number":515,"court":"CTB"},{"doc_number":523,"court":"CTB"},{"doc_number":4338,"court":"CTB"},{"doc_number":4684,"court":"CTB"}],"word_count":13437,"status":"published","published_at":null,"created_at":null,"updated_at":"2026-08-23 21:50:25"}