郭文贵破产案 · ORDER · ECF #3873

| UNITED STATES BANKRUPTCY COURT<br>DISTRICT OF CONNECTICUT<br>BRIDGEPORT DIVISION | | |----------------------------------------------------------------------------------|------------------------------| | | Chapter 11 | | In re: | Case No. 22-50073 (JAM) | | HO WAN KWOK, et al.,1 | (Jointly Administered) | | Debtor. | Re: ECF No. 3855 | | LUC A. DESPINS, Chapter 11 Trustee, | Adv. Proceeding No. 23-05017 | | Plaintiff, | Re: ECF No. 154 | | V. | | | TAURUS FUND LLC,<br>SCOTT BARNETT, as trustee of TAURUS | | | FUND LLC, and | | | TAURUS MANAGEMENT LLC, as trustee<br>of TAURUS FUND LLC, | | | Defendants. | | | | |

Upon the application (the "Application"),2 filed Luc 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 327(a), 328(a) and 363(b) of title 11 of the Bankruptcy Code, Bankruptcy Rules 2014 and 2016, and Local Rule 2014-1, for entry of an order (the "Order") authorizing the Trustee to employ and retain Compass New Jersey, LLC (the "Broker") as broker to market and sell the property located at 675 Ramapo Valley Road, Mahwah, New Jersey 07430 (the "Mahwah Mansion"), in accordance with the terms and conditions set forth in the Agreement, all as further detailed in the Application; and it appearing that this Court has jurisdiction to consider the Application pursuant to 28 U.S.C. §§ 157 and 1334 and the Standing Order of Reference from the United States District Court for the District of Connecticut; and it appearing that venue of this chapter 11 case and the Application in this district is proper pursuant to 28 U.S.C. §§ 1408 and 1409; and it appearing that this matter is a core proceeding pursuant to 28 U.S.C. § 157(b)(2) on which the Court may enter a final order consistent with Article III of the United States Constitution; and this Court being satisfied based on the representations made in the Application and in the Declarations, as more fully disclosed in the Declarations, that (I) the Broker (a) does not hold or represent an interest adverse to the Debtors' estates, (b) has no connection with the Debtor, the Debtor's immediate family, or any alter egos of the Debtor, except as disclosed in the Shukrun Declaration; and (c) is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code as modified by section 1107(b) of the Bankruptcy Code, and as required by section 327(a) of the Bankruptcy Code, and (II) (a) the Agents have no connection with the Debtor, his creditors, the U.S. Trustee, any person employed in the office of the U.S. Trustee, or any other party with an actual or potential interest in the Debtor or his

² Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Application.

respective attorneys or accountants; and (b) the Agents (i) are not a creditors, equity security holders, or insiders of the Debtor or his affiliates, (ii) have not been, within two years before the Petition Date, a director, officer, or employee of the Debtor or his affiliates, and (iii) have not had any interest materially adverse to the interests of the Debtor's estate or any class of creditors or equity security holders by reason of any direct or indirect relationship to, connection with, or interest in the Debtor, or for any other reason, and therefore are each a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as modified by section 1107(b); and this Court having found that the relief requested in the Application is in the best interests of the Debtors' estates, their creditors and other parties in interest; and it appearing that proper and adequate notice of the Application has been given and that no other or further notice is necessary; and after due deliberation thereon; and this Court having reviewed the Application and having heard statements in support of the Application at a hearing held before this Court; and good and sufficient cause appearing therefor,

## IT IS HEREBY ORDERED THAT:

1. The Application is approved as set forth herein. All objections to the relief requested in the Application, whether filed or not, are hereby overruled.

2. The Trustee is authorized to retain and employ the Broker as broker in connection with the sale of the Mahwah Mansion, on the terms set forth in the Agreement, subject to the terms of this Order.

3. The Broker shall be entitled to a fee of 4.5 percent of the sale price of the Mahwah Mansion (with 2%, less the amount of \$250, to be shared with the broker for the purchaser); *provided, however*, notwithstanding anything in the Agreement to the contrary, if the purchaser is not represented by a broker, the Broker's fee shall be reduced to 3 percent of the sale

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price of the Mahwah Mansion; *provided, further*, that the Broker shall not be entitled to this fee unless the sale of the Mahwah Mansion is consummated (the "Broker's Fee"). The Broker's Fee is hereby approved.

4. The Trustee and the Broker shall not be required to file monthly, interim, or final fee applications pursuant to sections 330 and 331 of the Bankruptcy Code. However, (a) the Trustee shall seek authority to make payment to the Broker of its fees calculated in accordance with the Agreement as part of the Trustee's motion to approve any sale of the Mahwah Mansion and (b) in the event the Broker seeks reimbursement of reasonable, documented expenses under paragraphs 3 or 5 of the *Addendum to Residential Exclusive Listing Agreement and Exclusive Right to Sell Listing Agreement*, the Trustee shall file an application with the Court, upon notice and a hearing and subject to any objections thereto, requesting approval of reimbursement of such expenses. The Broker shall be compensated for its services solely in accordance with the procedures set forth in this Order and any such other procedures as may be fixed by order of this Court.

5. The Broker has agreed that, notwithstanding anything to the contrary contained in the Agreement, the Seller/Trustee reserves the right to refuse any and all offers, including offers listed at or above the listed price.

6. Notwithstanding anything to the contrary contained in the Agreement, none of the Agents shall also represent any potential purchaser of the Mahwah Mansion.

7. To the extent the Application or the Agreement is inconsistent with this Order, the terms of this Order shall govern.

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8. The Trustee and the Broker are authorized and empowered to take all actions necessary to effectuate the relief granted in this Order.

9. The terms and conditions of this Order shall be immediately effective and enforceable upon its entry.

10. This Court retains exclusive jurisdiction with respect to all matters arising from or related to the implementation, interpretation, and enforcement of this Order.

Dated at Bridgeport, Connecticut this 11th day of December, 2024.