--- type: court_doc id: "court_ctb_2100_0" court: "CTB" case_no: "22-50073" doc_number: 2100 doc_type: "UNKNOWN" filed_date: "2023-08-21" lang: "zh" url: "https://mubeitech.com/court/court_ctb_2100_0" json_url: "https://mubeitech.com/api/court/court_ctb_2100_0" --- # | > 原始法庭文件为英文；下方为英文全文，顶部为中文摘要。 | | UNITED STATES BANKRUPTCY COURT | | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|--------------------------------------------------------------------------------------------------------------| | | DISTRICT OF | CONNECTICUT | | | BRIDGEPORT DIVISION | | | In Re.
Ho Wan Kwok | §
§
§ | Case No.
22-50073
Lead Case No.
22-50073 | | Debtor(s) | § | Jointly Administered | | Monthly Operating Report | | Chapter 11 | | Reporting Period Ended:
07/31/2023 | | Petition Date:
02/15/2022 | | Months Pending:
18 | | Industry Classification:
0
0
0
0 | | Reporting Method: | Accrual Basis | Cash Basis | | Debtor's Full-Time Employees (current): | | 0 | | Debtor's Full-Time Employees (as of date of order for relief): | | 0 | | Supporting Documentation (check all that are attached):
(For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor) | | | | Statement of cash receipts and disbursements
Statement of operations (profit or loss statement)
Accounts receivable aging
Postpetition liabilities aging
Statement of capital assets
Schedule of payments to professionals | | Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit | - Schedule of payments to insiders - All bank statements and bank reconciliations for the reporting period - Description of the assets sold or transferred and the terms of the sale or transfer /s/ Luc A. Despins 08/21/2023 Date Signature of Responsible Party Printed Name of Responsible Party Address Luc A. Despins, in his capacity as Chapter 11 Trustee Paul Hastings LLP 200 Park Avenue New York, NY 10166 STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. § 1320.4(a)(2) applies. UST Form 11-MOR (12/01/2021) 1 ### Case 22-50073 Doc 2100 Filed 08/21/23 Entered 08/21/23 12:53:01 Page 2 of 21 Debtor's Name Ho Wan Kwok Case No. 22-50073 | | Part 1: Cash Receipts and Disbursements | Current Month | Cumulative | |----|-----------------------------------------------------------------------------------------------------------|---------------|--------------| | | | | | | a. | Cash balance beginning of month | \$45,553,901 | | | b. | Total receipts (net of transfers between accounts) | \$71 | \$60,748,289 | | c. | Total disbursements (net of transfers between accounts) | \$709,188 | \$15,903,484 | | d. | Cash balance end of month (a+b-c) | \$44,844,785 | | | e. | Disbursements made by third party for the benefit of the estate | \$0 | \$12,757 | | f. | Total disbursements for quarterly fee calculation (c+e) | \$709,188 | \$15,916,241 | | | Part 2: Asset and Liability Status
(Not generally applicable to Individual Debtors. See Instructions.) | Current Month | | | a. | Accounts receivable (total net of allowance) | \$0 | | | b. | Accounts receivable over 90 days outstanding (net of allowance) | \$0 | | | c. | Inventory
(Book
Market
Other
(attach explanation)) | \$0 | | | d | Total current assets | \$0 | | | e. | Total assets | \$0 | | | f. | Postpetition payables (excluding taxes) | \$0 | | | g. | Postpetition payables past due (excluding taxes) | \$0 | | | h. | Postpetition taxes payable | \$0 | | | i. | Postpetition taxes past due | \$0 | | | j. | Total postpetition debt (f+h) | \$0 | | | k. | Prepetition secured debt | \$0 | | | l. | Prepetition priority debt | \$0 | | | m. | Prepetition unsecured debt | \$0 | | | n. | Total liabilities (debt) (j+k+l+m) | \$0 | | | o. | Ending equity/net worth (e-n) | \$0 | | | | Part 3: Assets Sold or Transferred | Current Month | Cumulative | | a. | Total cash sales price for assets sold/transferred outside the ordinary
course of business | \$0 | \$23,150,000 | | b. | Total payments to third parties incident to assets being sold/transferred | | | | | outside the ordinary course of business | \$0 | \$1,157,500 | | c. | Net cash proceeds from assets sold/transferred outside the ordinary
course of business (a-b) | \$0 | \$21,992,500 | | | Part 4: Income Statement (Statement of Operations) | Current Month | Cumulative | (Not generally applicable to Individual Debtors. See Instructions.) a. Gross income/sales (net of returns and allowances) \$0 b. Cost of goods sold (inclusive of depreciation, if applicable) \$0 c. Gross profit (a-b) \$0 d. Selling expenses \$0 e. General and administrative expenses \$0 f. Other expenses \$0 g. Depreciation and/or amortization (not included in 4b) \$0 h. Interest \$173,047 i. Taxes (local, state, and federal) \$0 j. Reorganization items \$0 k. Profit (loss) \$0 \$0 UST Form 11-MOR (12/01/2021) 2 ### Case 22-50073 Doc 2100 Filed 08/21/23 Entered 08/21/23 12:53:01 Page 3 of 21 Debtor's Name Ho Wan Kwok Case No. 22-50073 | | | Part 5: Professional Fees and Expenses | | | | | | |----|--------|--------------------------------------------------------------------|-------|---------------------------|------------------------|-----------------------|--------------------| | | | | | Approved
Current Month | Approved
Cumulative | Paid Current
Month | Paid
Cumulative | | a. | | Debtor's professional fees & expenses (bankruptcy) Aggregate Total | | \$694,005 | \$14,605,535 | \$694,005 | \$14,605,535 | | | | Itemized Breakdown by Firm | | | | | | | | | Firm Name | Role | | | | | | | i | Neubert, Pepe & Monteith, P.C Local Counsel | | \$0 | \$564,783 | \$0 | \$564,783 | | | ii | Paul Hastings LLP (counsel to cLead Counsel | | \$0 | \$12,189,247 | \$0 | \$12,189,247 | | | iii | Brown Rudnick (counsel to Ho Lead Counsel | | \$0 | \$0 | \$0 | \$0 | | | iv | Pullman & Comley, LLC (coun Lead Counsel | | \$504,105 | \$504,105 | \$504,105 | \$504,105 | | | v | Coleman Worldwide Advisors LOther | | \$0 | \$0 | \$0 | \$0 | | | vi | Dundon Advisors (UCC financi Financial Professional | | \$0 | \$0 | \$0 | \$0 | | | vii | Verdolino & Lowey, PC (financFinancial Professional | | \$0 | \$0 | \$0 | \$0 | | | viii | Harney Westwood & Riegels LPOther | | \$0 | \$0 | \$0 | \$0 | | | ix | Paul Wright | Other | \$0 | \$0 | \$0 | \$0 | | | x | Pallas Partners LLP | Other | \$0 | \$0 | \$0 | \$0 | | | xi | Edmiston and Company LimitedOther | | \$0 | \$1,157,500 | \$0 | \$1,157,500 | | | xii | Engineering Operations and CerOther | | \$0 | \$0 | \$0 | \$0 | | | xiii | Epiq Corporate Restructuring, LOther | | \$189,901 | \$189,901 | \$189,901 | \$189,901 | | | xiv | | | | | | | | | xv | | | | | | | | | xvi | | | | | | | | | xvii | | | | | | | | | xviii | | | | | | | | | xix | | | | | | | | | xx | | | | | | | | | xxi | | | | | | | | | xxii | | | | | | | | | xxiii | | | | | | | | | xxiv | | | | | | | | | xxv | | | | | | | | | xxvi | | | | | | | | | xxvii | | | | | | | | | xxviii | | | | | | | | | xxix | | | | | | | | | xxx | | | | | | | | | xxxi | | | | | | | | | xxxii | | | | | | | | | xxxiii | | | | | | | | | xxxiv | | | | | | | | | xxxv | | | | | | | | | xxxvi | | | | | | | UST Form 11-MOR (12/01/2021) 3 | xxxvii | | | | |--------|--|--|--| | xxxvii | | | | | xxxix | | | | | xl | | | | | xli | | | | | xlii | | | | | xliii | | | | | xliv | | | | | xlv | | | | | xlvi | | | | | xlvii | | | | | xlviii | | | | | xlix | | | | | l | | | | | li | | | | | lii | | | | | liii | | | | | liv | | | | | lv | | | | | lvi | | | | | lvii | | | | | lviii | | | | | lix | | | | | lx | | | | | lxi | | | | | lxii | | | | | lxiii | | | | | lxiv | | | | | lxv | | | | | lxvi | | | | | lxvii | | | | | lxviii | | | | | lxix | | | | | lxx | | | | | lxxi | | | | | lxxii | | | | | lxxiii | | | | | lxxiv | | | | | lxxv | | | | | lxxvi | | | | | lxxvii | | | | | lxxvii | | | | | | | | | | | lxxix | | | | | | | |----|--------|-----------------------------------------------------------------------|-------|---------------|------------|--------------|------------| | | lxxx | | | | | | | | | lxxxi | | | | | | | | | lxxxii | | | | | | | | | lxxxii | | | | | | | | | lxxxiv | | | | | | | | | lxxxv | | | | | | | | | lxxxvi | | | | | | | | | lxxxvi | | | | | | | | | lxxxvi | | | | | | | | | lxxxix | | | | | | | | | xc | | | | | | | | | xci | | | | | | | | | xcii | | | | | | | | | xciii | | | | | | | | | xciv | | | | | | | | | xcv | | | | | | | | | xcvi | | | | | | | | | xcvii | | | | | | | | | xcviii | | | | | | | | | xcix | | | | | | | | | c | | | | | | | | | ci | | | | | | | | | | | | Approved | Approved | Paid Current | Paid | | | | | | Current Month | Cumulative | Month | Cumulative | | b. | | Debtor's professional fees & expenses (nonbankruptcy) Aggregate Total | | \$0 | \$0 | \$0 | \$0 | | | | Itemized Breakdown by Firm | | | | | | | | | Firm Name | Role | | | | | | | i | Baker Hostetler LLP | Other | \$0 | \$0 | \$0 | \$0 | | | ii | Clayman & Rosenberg LLP | Other | \$0 | \$0 | \$0 | \$0 | | | iii | Ganfer Shore Leeds & ZaudererOther | | \$0 | \$0 | \$0 | \$0 | | | iv | Harcus Parker Ltd. | Other | \$0 | \$0 | \$0 | \$0 | | | v | LALIVE SA | Other | \$0 | \$0 | \$0 | \$0 | | | vi | Lawall & Mitchell, LLC | Other | \$0 | \$0 | \$0 | \$0 | | | vii | Petrillo Klein & Boxer LLP | Other | \$0 | \$0 | \$0 | \$0 | | | viii | Schulman Bhattacharya, LLC | Other | \$0 | \$0 | \$0 | \$0 | | | ix | The Casper Firm | Other | \$0 | \$0 | \$0 | \$0 | | | x | The Francis Firm PLLC | Other | \$0 | \$0 | \$0 | \$0 | | | xi | VX Cerda & Associates | Other | \$0 | \$0 | \$0 | \$0 | | | xii | | | | | | | | | xiii | | | | | | | | | xiv | | | | | | | | | xv | | | | |----|--------|--|--|--| | | xvi | | | | | | xvii | | | | | | xviii | | | | | | xix | | | | | | xx | | | | | | xxi | | | | | | xxii | | | | | | xxiii | | | | | | xxiv | | | | | | xxv | | | | | | xxvi | | | | | | xxvii | | | | | | xxviii | | | | | | xxix | | | | | | xxx | | | | | | xxxi | | | | | | xxxii | | | | | | xxxiii | | | | | | xxxiv | | | | | | xxxv | | | | | | xxxvi | | | | | | xxxvii | | | | | | xxxvii | | | | | | xxxix | | | | | | xl | | | | | | xli | | | | | | xlii | | | | | | xliii | | | | | | xliv | | | | | | xlv | | | | | | xlvi | | | | | | xlvii | | | | | | xlviii | | | | | | xlix | | | | | l | | | | | | li | | | | | | | lii | | | | | | liii | | | | | | liv | | | | | | lv | | | | | | lvi | | | | | | | | | | | lvii | | | | |--------|--|--|--| | lviii | | | | | lix | | | | | lx | | | | | lxi | | | | | lxii | | | | | lxiii | | | | | lxiv | | | | | lxv | | | | | lxvi | | | | | lxvii | | | | | lxviii | | | | | lxix | | | | | lxx | | | | | lxxi | | | | | lxxii | | | | | lxxiii | | | | | lxxiv | | | | | lxxv | | | | | lxxvi | | | | | lxxvii | | | | | lxxvii | | | | | lxxix | | | | | lxxx | | | | | lxxxi | | | | | lxxxii | | | | | lxxxii | | | | | lxxxiv | | | | | lxxxv | | | | | lxxxvi | | | | | lxxxvi | | | | | lxxxvi | | | | | lxxxix | | | | | xc | | | | | xci | | | | | xcii | | | | | xciii | | | | | xciv | | | | | xcv | | | | | xcvi | | | | | xcvii | | | | | xcviii | | | | | | | | | ### Case 22-50073 Doc 2100 Filed 08/21/23 Entered 08/21/23 12:53:01 Page 8 of 21 | | xcix | | | | | | |----|------|----------------------------------------------------------|-----|-----|-----|-----| | | c | | | | | | | c. | | All professional fees and expenses (debtor & committees) | \$0 | \$0 | \$0 | \$0 | | | Part 6: Postpetition Taxes | | | Current Month | Cumulative | |----|----------------------------------|----------------------------------------------------------------------------------------------------------------------|-----|---------------|---------------------------| | a. | | Postpetition income taxes accrued (local, state, and federal) | | \$0 | \$0 | | b. | | Postpetition income taxes paid (local, state, and federal) | | \$0 | \$0 | | c. | | Postpetition employer payroll taxes accrued | | \$0 | \$0 | | d. | | Postpetition employer payroll taxes paid | | \$0 | \$0 | | e. | Postpetition property taxes paid | | | \$0 | \$0 | | f. | | Postpetition other taxes accrued (local, state, and federal) | | \$0 | \$0 | | g. | | Postpetition other taxes paid (local, state, and federal) | | \$0 | \$0 | | | | Part 7: Questionnaire - During this reporting period: | | | | | a. | | Were any payments made on prepetition debt? (if yes, see Instructions) | Yes | No | | | b. | | Were any payments made outside the ordinary course of business
without court approval? (if yes, see Instructions) | Yes | No | | | c. | | Were any payments made to or on behalf of insiders? | Yes | No | | | d. | | Are you current on postpetition tax return filings? | Yes | No | | | e. | | Are you current on postpetition estimated tax payments? | Yes | No | | | f. | | Were all trust fund taxes remitted on a current basis? | Yes | No | | | g. | (if yes, see Instructions) | Was there any postpetition borrowing, other than trade credit? | Yes | No | | | h. | the court? | Were all payments made to or on behalf of professionals approved by | Yes | No
N/A | | | i. | Do you have: | Worker's compensation insurance? | Yes | No | | | | | If yes, are your premiums current? | Yes | No
N/A | (if no, see Instructions) | | | | Casualty/property insurance? | Yes | No | | | | | If yes, are your premiums current? | Yes | No
N/A | (if no, see Instructions) | | | | General liability insurance? | Yes | No | | | | | If yes, are your premiums current? | Yes | No
N/A | (if no, see Instructions) | | j. | | Has a plan of reorganization been filed with the court? | Yes | No | | | k. | | Has a disclosure statement been filed with the court? | Yes | No | | | l. | | Are you current with quarterly U.S. Trustee fees as
set forth under 28 U.S.C. § 1930? | Yes | No | | | | Part 8: Individual Chapter 11 Debtors (Only) | | |----|------------------------------------------------------------------------------------------------|------------------| | a. | Gross income (receipts) from salary and wages | \$0 | | b. | Gross income (receipts) from self-employment | \$0 | | c. | Gross income from all other sources | \$0 | | d. | Total income in the reporting period (a+b+c) | \$0 | | e. | Payroll deductions | \$0 | | f. | Self-employment related expenses | \$0 | | g. | Living expenses | \$0 | | h. | All other expenses | \$0 | | i. | Total expenses in the reporting period (e+f+g+h) | \$0 | | j. | Difference between total income and total expenses (d-i) | \$0 | | k. | List the total amount of all postpetition debts that are past due | \$0 | | l. | Are you required to pay any Domestic Support Obligations as defined by 11
U.S.C § 101(14A)? | Yes
No | | m. | If yes, have you made all Domestic Support Obligation payments? | No
N/A
Yes | #### **Privacy Act Statement** 28 U.S.C. § 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C. §§ 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. § 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor's progress through the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is needed to perform the trustee's or examiner's duties or to the appropriate federal, state, local, regulatory, tribal, or foreign law enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee's systems of records notice, UST-001, "Bankruptcy Case Files and Associated Records." *See* 71 Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: htt www.justice.gov/ust/eo/rules\_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your bankruptcy case or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F). #### **I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting documentation are true and correct and that I have been authorized to sign this report on behalf of the estate.** /s/ Luc A. Despins Signature of Responsible Party Chapter 11 Trustee Title Date Luc A. Despins, in his capacity as Chapter 11 Trustee Printed Name of Responsible Party 08/21/2023 ![](_page_9_Figure_3.jpeg) ![](_page_10_Figure_3.jpeg) ![](_page_11_Figure_3.jpeg) PageFour **In re** Ho Wan Kwok **Case No.** 22-50073 (JAM) **Debtor Reporting Period:** 7/1/2023 - 7/31/2023 **Current Month Cumulative July 8, 2022 to Date** #### **INDIVIDUAL DEBTOR CASH RECEIPTS AND CASH DISBURSEMENTS** (This Form must be submitted for each bank account maintained by the Debtor) Amounts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. Attach the bank statements and a detailed list of all disbursements made during the report period that includes the date, the check number, the payee, the transaction description, and the amount. A bank reconciliation must be attached for each account. [See MOR-1 (CON'T)] | | Actual | | Actual | | |---------------------------------------------------------------------|--------|-----------------|--------|---------------| | Cash - Beginning of Month | | | | | | RECEIPTS | | | | | | Recovered Funds (Remainder of funds paid in connection with sale | \$ | - | \$ | 23,321,645.75 | | of Lady May) | | | | | | Clark Hill Settlement | \$ | - | \$ | 499,000.00 | | Retainer Refund (Kercsmar Collins & O'Hara / Lewis Roca) | \$ | - | \$ | 4,544.00 | | Yacht Repair Escrow | \$ | - | \$ | 4,000,000.00 | | Adversary Proceeding Interpleader Funds | \$ | - | \$ | 32,923,028.42 | | Refund from AIG | \$ | 71.25 | \$ | 71.25 | | Bank Account Interest | \$ | 173,046.53 | \$ | 173,046.53 | | Total Receipts | \$ | 173,117.78 | \$ | 60,921,335.95 | | DISBURSEMENTS | | | | | | ORDINARY ITEMS: | | | | | | Bank Fees | \$ | 2,326.55 | \$ | 7,680.08 | | Fees paid to International Surety Ltd for surety bond increase | \$ | - | \$ | 27,747.00 | | Fees paid with respect to Yacht repair invoices out of the Yacht | \$ | - | \$ | 576,895.09 | | Repair Escrow | | | | | | Fees paid with respect to Miller Advertising Agency Inc. (English | \$ | - | \$ | 21,140.60 | | Court Publication Notice) | | | | | | Fees paid with respect to Dexter White Invoice | \$ | 4,125.00 | \$ | 16,235.00 | | Fees paid with respect to Bridgeport Harbor Marina out of the Yacht | \$ | - | \$ | 18,137.64 | | Repair Escrow | | | | | | Fees paid with respect to Safe Harbor out of the Yacht Repair | \$ | - | \$ | 148,287.04 | | Escrow | | | | | | Fees paid with respect to Yatchtzoo for operating expenses out of | \$ | - | \$ | 431,604.00 | | the Yacht Repair Escrow | | | | | | Fees paid with respect to Harneys Corporate Services Limited | \$ | - | \$ | 1,665.00 | | Disbursement paid to JP Reynolds Company Inc. for FTZ Indemnity | \$ | - | \$ | 5,970.00 | | Bond Charge | | | | | | Disbursement paid to James Pizzaruso for pay roll in connection | \$ | - | \$ | 31,026.98 | | with sale of Lady May | | | | | | Disbursement paid to AIG for insurance policy premium | \$ | 8,731.00 | \$ | 8,731.00 | | Total Ordinary Disbursements | \$ | 15,182.55 | \$ | 1,295,119.43 | | REORGANIZATION ITEMS: | | | | | | Professional Fees | | | | | | Fees paid with respect to Neubert, Pepe & Monteith PC | \$ | - | \$ | 564,782.54 | | Fees paid with respect to Paul Hastings LLP | \$ | - | \$ | 12,189,247.29 | | Broker fees paid with respect to Edmiston and Company Limited | \$ | - | \$ | 1,157,500.00 | | | | | | | | Fees paid with respect to Pullman & Comley, LLC | \$ | 504,104.53 | \$ | 504,104.53 | | Fees paid with respect to Epiq Corporate Restructuring LLC | \$ | 189,900.79 | \$ | 189,900.79 | | U. S. Trustee Fees | \$ | - | \$ | 2,829.43 | | Other Reorganization Expenses (attach schedule) | \$ | - | \$ | - | | Total Reorganization Items | \$ | 694,005.32 | \$ | 14,608,364.58 | | Total Disbursements (Ordinary + Reorganization) | \$ | 709,187.87 | \$ | 15,903,484.01 | | Net Cash Flow (Total Receipts - Total Disbursements) | \$ | (536,070.09) \$ | | 45,017,851.94 | | Cash - End of Month (Must equal reconciled bank statement) | \$ | 45,017,831.34 | \$ | 45,017,831.34 | | Third Party Disbursements on Behalf of the Estate | | | | | | None | \$ | - | \$ | 12,757.00 | #### **THE FOLLOWING SECTION MUST BE COMPLETED** **DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)** | TOTAL DISBURSEMENTS | \$
709,187.87 | |----------------------------------------------------------------------|------------------| | LESS: TRANSFERS TO OTHER DEBTOR IN POSSESSION ACCOUNTS | \$
- | | PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow | \$
- | | accounts) | | | TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY | \$
709,187.87 | | FEES | | ## **UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION** | ------------------------------------------------------- | x | | |---------------------------------------------------------|--------------------------------------|--| | In re: | :
:
Chapter 11 | | | HO WAN KWOK, | :
:
Case No. 22-50073
(JAM) | | | Debtor. | :
:
: | | | ------------------------------------------------------ | x | | # **ATTACHMENT TO MONTHLY OPERATING REPORT FOR THE PERIOD JULY 1, 2023 THROUGH JULY 31, 2023** This attachment is incorporated into and made a part of the Monthly Operating Report ("MOR") of Chapter 11 Trustee Luc A. Despins. ## **General Disclaimers** - 1. The MOR is presented on a form promulgated in 2021 by the Executive Office of the United States Trustee. This form in many instances requires inserting a number for a line item even if the line item does not apply. The form also does not allow for the insertion of explanations or asterisks next to answers. Accordingly, as presented, certain responses may be inapplicable or incomplete. Following guidance from the United States Trustee's office, this attachment is being filed as an integral part of the MOR. - 2. On July 8, 2022, the Bankruptcy Court signed an order approving the appointment of Luc A. Despins, Esq. as Chapter 11 Trustee (the "Trustee"). The information in this MOR is based only on information beginning on the date of the Trustee's appointment and only on bank accounts within the Trustee's control.[1](#page-13-0) - 3. The Trustee reserves the rights to amend, modify or supplement this MOR or update it in future MORs. #### **Specific Responses** #### Part 1 Responses 4. As noted above, this information is limited to cash receipts and disbursements since the Trustee was appointed and with respect to accounts under the Trustee's control. 1 The Trustee is currently investigating the Debtor's assets and financial affairs (with respect to which investigation the Debtor has not cooperated). ### Part 2 Responses - 5. To the extent this section is applicable (the Debtor is an individual), the Trustee has insufficient information to complete this section. The Trustee's counsel is currently reviewing the over 1,200 proofs of claim filed in connection with the claims bar date, which occurred on February 17, 2023. - 6. The Trustee is aware of certain professional fees and expenses that have arisen in connection with services provided by the Trustee's professionals. As of the end of the reporting period, certain interim applications for reimbursement of expenses have been approved by the Court, including \$63,631.75 as set forth in the *Order Approving Interim Application of Chapter 11 Trustee and His Counsel, Paul Hastings LLP, for Reimbursement of Expenses*, entered on May 3, 2023 [Docket No. 1747], \$13,064.04 as set forth in the *Order Approving Interim Application of Neubert, Pepe & Monteith, P.C., for Reimbursement of Expenses*, entered on May 5, 2023 [Docket No. 1769]; \$12,125,615.55 as set forth in the *Order Approving First Interim Fee Application of Paul Hastings LLP, for Compensation and Reimbursement of Expenses for the Period from July 8, 2022 through February 28, 2023*, entered June 29, 2023 [Docket No. 1964]; \$551,718.50 as set forth in the *Order Granting Application of Neubert, Pepe & Monteith, P.C., for Interim Allowance of Compensation as Local Counsel and Conflicts Counsel to Debtors Genever Holdings Corporation and Genever Holdings LLC*, entered June 29, 2023 [Docket No. 1966]; \$1,157,500.00 as set forth in the *Order, Pursuant to Bankruptcy Code Sections 105 and 363, Bankruptcy Rules 2002 and 6004(c) and Local Rules 6004-1 and 6004-2, (I) Authorizing and Approving Sale of the Lady May Free and Clear of Liens, Claims, Interests, and Encumbrances, (II) Authorizing and Approving Purchase and Sale Agreement, and (III) Granting Related Relief* [Docket No. 1953); \$189,900.79 as set forth in the *Order Approving First Interim Fee Application of Epiq Corporate Restructuring, LLC as Claims and Noticing Agent for Allowance of Compensation for Services Rendered and for Reimbursement of All Actual and Necessary Expenses Incurred for the Period from December 1, 2022 through February 28, 2023* [Docket No. 2015]; and \$504,104.53 as set forth in the *Order Approving First Interim Fee Application of Pullman & Comley, LLC as Counsel to the Official Committee of Unsecured Creditors for Allowance of Compensation for Services Rendered and Reimbursement of Expenses Incurred from March 29, 2022 through April 30, 2023* [Docket No. 2021]. ### Part 3 Responses 7. On June 27, 2023, the Bankruptcy Court entered an order authorizing and approving the sale of the Lady May [Docket No. 1953]. # Part 4 Responses 8. To the extent this section is applicable (the Debtor is an individual), the Trustee has insufficient information to complete this section. #### Part 5 Responses - 9. As of the end of the reporting period, certain interim applications for reimbursement of expenses have been approved by the Court, including \$63,631.75 as set forth in the *Order Approving Interim Application of Chapter 11 Trustee and His Counsel, Paul Hastings LLP, for Reimbursement of Expenses*, entered on May 3, 2023 [Docket No. 1747], and \$13,064.04 as set forth in the *Order Approving Interim Application of Neubert, Pepe & Monteith, P.C., for Reimbursement of Expenses*, entered on May 5, 2023 [Docket No. 1769]; \$12,125,615.55 as set forth in the *Order Approving First Interim Fee Application of Paul Hastings LLP, for Compensation and Reimbursement of Expenses for the Period from July 8, 2022 through February 28, 2023*, entered June 29, 2023 [Docket No. 1964]; \$551,718.50 as set forth in the *Order Granting Application of Neubert, Pepe & Monteith, P.C., for Interim Allowance of Compensation as Local Counsel and Conflicts Counsel to Debtors Genever Holdings Corporation and Genever Holdings LLC*, entered June 29, 2023 [Docket No. 1966]; \$1,157,500.00 as set forth in the *Order, Pursuant to Bankruptcy Code Sections 105 and 363, Bankruptcy Rules 2002 and 6004(c) and Local Rules 6004-1 and 6004-2, (I) Authorizing and Approving Sale of the Lady May Free and Clear of Liens, Claims, Interests, and Encumbrances, (II) Authorizing and Approving Purchase and Sale Agreement, and (III) Granting Related Relief* [Docket No. 1953]; \$189,900.79 as set forth in the *Order Approving First Interim Fee Application of Epiq Corporate Restructuring, LLC as Claims and Noticing Agent for Allowance of Compensation for Services Rendered and for Reimbursement of All Actual and Necessary Expenses Incurred for the Period from December 1, 2022 through February 28, 2023* [Docket No. 2015]; and \$504,104.53 as set forth in the *Order Approving First Interim Fee Application of Pullman & Comley, LLC as Counsel to the Official Committee of Unsecured Creditors for Allowance of Compensation for Services Rendered and Reimbursement of Expenses Incurred from March 29, 2022 through April 30, 2023* [Docket No. 2021]. - 10. The Trustee is aware of a number of professional firms that have provided services to the official committee of unsecured creditors or the Debtor (prior to the appointment of the Trustee) but that have not at this time had their retentions approved by the Court. The Trustee includes such professional firms (of which he is aware) in this part of the MOR out of an abundance of caution but reserves all his rights with respect to the retention and/or payment of fees with respect to such professional firms. The Trustee also notes that the Debtor may have employed professionals (prior to the appointment of the Trustee) of which the Trustee is not aware. #### Part 6 Responses 11. The Trustee is not aware of any postpetition taxes that have accrued during the time period since the Trustee's appointment. #### Part 7 Responses 12. The Trustee notes that the Debtor filed a chapter 11 plan on April 20, 2022 [Docket No. 197] (the "April 2022 Plan") with respect to which no disclosure statement was filed or approved. #### Part 8 Responses 13. The Trustee has insufficient information to respond to Part 8. Case 22-50073 Doc 2100 Filed 08/21/23 Entered 08/21/23 12:53:01 Page 18 of 21 Direct inquiries to: 888 761-3967 ![](_page_17_Picture_3.jpeg) **ACCOUNT STATEMENT** Page 1 of 3 STARTING DA TE: July 01, 2023 ENDING DATE: July 31, 2023 Total days in statement period: 31 ( 1) BK EST/HO WAN KWOK DEBTOR LUC A DESPINS, CH11 TRUSTEE CASE #22-50073 C/O PAUL HASTINGS LLP 200 PARK AVE NEW YORK NY 10166-0005 Our Online Banking & Mobile App are available at your convenience. You can perform many banking transactions from the comfort of your home without having to visit a branch. Visit digital.eastwestbank.com or call 833.468.8356 for details. # **Standard Business Checking** | Account number
Enclosures
Low balance
Average balance | | 1
\$844,784.81
\$4,117,305.57 | Beginning balance
Total additions
Total subtractions
Ending balance | | \$45,553,901.43
71.25
(1)
44,709,
187.87
(9)
\$844,784.81 | | | |----------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------|---------------|------------------------------------------------------------------------------------------------------------------|--|--| | CREDITS
Number
Date
07-26 | | Transaction Description
AIGRSCIA WEB RFD 230726 602209257
Pre-Auth Credit | | | Additions
71.25 | | | | CHECKS
Number
1160 | Date
07-28 | Amount
4,125.00 | Number | Date | Amount | | | | DEBITS
Date | Transaction Description
07-03 Transfer Debit
07-06 Debit Memo
07-06 Debit Memo
07-17 Preauth Debit
07-20 Outgoing Wire
07-20 Service Charge
07-20 Outgoing Wire
07-20 Service Charge | TR TO XXX8816
FIDUCIARY MAINTENA NCE
FIDUCIARY COLLATERAL
AIGRSCIA WEB PMT 230717
EPIQ CORPORATE RESTRUCTURING LLC
OUTGOING WIRE
PULLMAN & COMLEY L LC
OUTGOING WIRE | | | Subtractions
44,000,000.00
25.00
.55
2,221
8,731.00
189,900.79
40.00
504,104.53
40.00 | | | | Date
06-30
07-03
07-06 | DAILY BALANCES
Amount
45,553,901.43
1,553,901.43
,654.88
1,551 | Date
07-17
07-20
07-26 | Amount
1,542,923.88
848,838.56
848,909.81 | Date
07-28 | Amount
844,784.81 | | | ![](_page_18_Picture_2.jpeg) Page 2 of 3 STARTING DATE: July 01, 2023 ENDING DATE: July 31, 2023 BK EST/HO WAN KWOK DEBTOR #### **OVERDRAFT/RETURN ITEM FEES** | | Total for
this period | Total
year-to-date | |--------------------------|--------------------------|-----------------------| | Total Overdraft Fees | \$0.00 | \$0.00 | | Total Returned Item Fees | \$0.00 | \$0.00 | ![](_page_18_Picture_7.jpeg) #### **Checking Account** Case 22-50073 Doc 2100 Filed 08/21/23 Entered 08/21/23 12:53:01 Page 20 of 21 **Statement Date Page** **07/31/2023 3 of 3** BK EST/HO WAN KWOK DEBTOR LUC A DESPINS, CH11 TRUSTEE CASE#22-S0073 C/O PAUL HASTINGS LLP 200 PARK AVE NEW YORK, NY 10168 Pt~Jrar~; t)~ ·d .,. *\N* h \ *1:-L* 1160 \$ £.l, \2.S.D'"' -'-P~ov~•~:t~"~"~'~""=•~~b~X)f~'o~vo~•="'~"-~-\w=c~"-~~'\-,--f~,~•~~2'.~''~(o\_a \_\_\_\_\_\_ n,~''-~"~K~ fri §.. .... '{c,,\_c..h"lr 1 Sev-vH .. t~. S.\.IV"vt'{ Svl'°Ve\\\o.ntc.., 11 □□ l ~b n• ,: :'. 2 20 ?O 38 ~1: **07/28/2023 1160 \$4,125.00** **07/28/2023 1160 \$4,125.00** Case 22-50073 Doc 2100 Filed 08/21/23 Entered 08/21/23 12:53:01 Page 21 of 21 Direct inquiries to: 888 761-3967 ![](_page_20_Picture_3.jpeg) **ACCOUNT STATEMENT** Page 1 of 1 STARTING DATE: July 01, 2023 ENDING DATE: July 31, 2023 Total days in statement period: 31 ( **O)** BK EST/HO WAN KWOK DEBTOR LUC A DESPINS, CH11 TRUSTEE CASE #22-50073 C/O PAUL HASTINGS LLP 200 PARK AVE NEW YORK NY 10166-0005 available at your convenience. You can perform many banking transactions from the comfort of your home without having to visit a branch. Visit digital.eastwestbank.com or call 833.468.8356 for details. Our Online Banking & Mobile App are # **Trustee-Non Vendor MMA** | Account number
Low balance
Average balance | Interest paid year to date | \$44,000,000.00
\$41,161,290.32
\$173,046.53 | | Beginning balance
Total additions
Total subtractions
Ending balance | | 121
IOI | \$0.00
44,173,046.53
0.00
\$44,173,046.53 | |--------------------------------------------------|-------------------------------------------------------------------------------------------|----------------------------------------------------------------|-----------------|------------------------------------------------------------------------------|-------|------------|----------------------------------------------------| | CREDITS
Number | Date
07-03
07-31 | Transaction Description
Transfer Credit
Interes t Credit | TR FROM XXX8263 | | | | Additions
44,000,000.00
173,046.53 | | Date | DAILY BALANCES
Amount | Date | | Amount | Date | | Amount | | 06-30 | 0.00
INTEREST INFORMATION
Annual percentage yield earned
Average balance for APY | 07-03
\$41,161,290.32 | 5.06% | 44,000,000.00
Interest-bearing days
Interest earned | 07-31 | | 44,173,046.53
31
\$173,046.53 | | | OVERDRAFT/RETURN ITEM FEES | | | | | | | | | | | | Total for | | Total | | | | Total for
this period | Total
year-to-date | |--------------------------|--------------------------|-----------------------| | Total Overdraft Fees | \$0.00 | \$0.00 | | Total Returned Item Fees | \$0.00 | \$0.00 |