Guo Wengui / Miles Guo — bankruptcy case · EXHIBIT · ECF #250-8

Monthly Operating Report, dated March 22, 2022, and filed on the docket in this matter as ECF No. 120

Case 22-50073 Doc 250-8 Filed 04/22/22 Entered 04/22/22 16:59:37 Page 2 of 14

Case 22-50073 Doc 120 Filed 03/22/22 Entered 03/22/22 12:43:37 Page 1 of 12

Reporting Period Ended: 0212812022 ----------

Months Pending: 0 Industry Classification: I 0

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

Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit

Statement of operations (profit or loss statement)

All bank statements and bank reconciliations for the reporting period

Description of the assets sold or transferred and the tenns of the sale or transfer EXHIBIT

Signature of Responsible Party Ho Wan Kwok

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.

Case 22-50073 Doc 250-8 Filed 04/22/22 Entered 04/22/22 16:59:37 Page 3 of 14

Case 22-50073 Doc 120 Filed 03/22/22 Entered 03/22/22 12:43:37 Page 2 of 12

Debtor's Name Ho Wan Kwok Case No. 22-50073

Part 1:easli Receipts ana Distiursem·ents . .

• "":

~ ':: 7 •X • CurrenfMontli *" •• • " Cumull!tive · ::~:¾ .,,;·

= ?; : .;:

b. Total receipts (net of transfers between accounts) \$0 \$0 C. Total disbursements (net of transfers between accounts) \$0 \$0 d. Cash balance end of month (a+b-c) \$0 e. Disbursements made by third party for the benefit of the estate \$161,3231 \$161,323 f. Total disbursements for quarterly fee calculation (c+e) \$161,323 \$161,323

(Not generally applicable to lridividual Debtors. See Instructions.) Current Month " a. Accounts receivable (total net of allowance) \$0 b. Accounts receivable over 90 days outstanding (net of allowance) \$0

f. Postpetition payables ( excluding taxes) \$0 g. Postpetition payables past due ( excluding taxes) \$0

n. Total liabilities (debt) (i+k+l+m) \$0

a. Total cash sales price for assets sold/transferred outside the ordinary

Total payments to third parties incident to assets being sold/transferred \$0 \$0 outside the ordinary course of business \$0 \$0 c. Net cash proceeds from assets sold/transferred outside the ordinary

Part 4: Income Statement (Statement of Operations) (Not generally applicable to Iridividual Debtors. See Instructions.) Current Month Cumulative a. Gross income/sales (net of returns and allowances) \$0 b. Cost of goods sold (inclusive of depreciation, if applicable) \$0

e. General and administrative expenses \$0

g. Depreciation and/or amortization (not included in 4b) \$0

i. Taxes (local, state, and federal) \$0

Case 22-50073 Doc 250-8 Filed 04/22/22 Entered 04/22/22 16:59:37 Page 4 of 14

Case 22-50073 Doc 120 Filed 03/22/22 Entered 03/22/22 12:43:37 Page 3 of 12

Debtor's Name Ho Wan Kwok Case No. 22-50073

rar~ 5: 'l!i:ofessional Eees {ifilE;:m~ps~s . ". · .

~=:

Debtor's professional fees & expenses (bankruptcy) Aggregate Total \$0

Case 22-50073 Doc 250-8 Filed 04/22/22 Entered 04/22/22 16:59:37 Page 5 of 14

Case 22-50073 Doc 120 Filed 03/22/22 Entered 03/22/22 12:43:37 Page 4 of 12

Debtor's Name Ho Wan Kwok Case No. 22-50073

Case 22-50073 Doc 250-8 Filed 04/22/22 Entered 04/22/22 16:59:37 Page 6 of 14

Case 22-50073 Doc 120 Filed 03/22/22 Entered 03/22/22 12:43:37 Page 5 of 12

Debtor's Name Ho Wan Kwok Case No. 22-50073

Approved Approved Paid Current Paid. CmTent Month Cumulative Month Cumulative b. Debtor's professional fees & expenses (nonbankruptcy) Aggregate Total

vi vii viii Case 22-50073 Doc 250-8 Filed 04/22/22 Entered 04/22/22 16:59:37 Page 7 of 14

Case 22-50073 Doc 120 Filed 03/22/22 Entered 03/22/22 12:43:37 Page 6 of 12

Debtor's Name Ho Wan Kwok Case No. 22-50073

Case 22-50073 Doc 250-8 Filed 04/22/22 Entered 04/22/22 16:59:37 Page 8 of 14

Case 22-50073 Doc 120 Filed 03/22/22 Entered 03/22/22 12:43:37 Page 7 of 12

Debtor's Name Ho Wan Kwok Case No. 22-50073

Case 22-50073 Doc 250-8 Filed 04/22/22 Entered 04/22/22 16:59:37 Page 9 of 14

Case 22-50073 Doc 120 Filed 03/22/22 Entered 03/22/22 12:43:37 Page 8 of 12

Debtor's Name Ho Wan Kwok Case No. 22-50073

C. All professional fees and expenses (debtor & committees)

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 (e' Not b. Were any payments made outside the ordinary course of business without court approval? (if yes, see Instructions) Yes(' No (e C. Were any payments made to or on behalf of insiders? Yes (e' Not d. Are you current on postpetition tax return filings? Yes (e' No(' e. Are you current on postpetition estimated tax payments? Yes (e' No(' f. Were all trust fund taxes remitted on a current basis? Yes (e' No(' g. Was there any postpetition borrowing, other than trade credit?

h. Were all payments made to or on behalf of professionals approved by

i. Worker's compensation insurance?

If yes, are your premiums current? Yes(' No(' NIA (e (if no, see Instructions) Casualty/property insurance? Yes(' No (e' If yes, are your premiums current? Yes(' No(' NIA (e' (if no, see Instructions) General liability insurance? Yes(' No (e If yes, are your premiums current? Yes(' No(' NI A (e (if no, see Instructions) j. Has a plan of reorganization been filed with the court? Yes(' No (e k. Has a disclosure statement been filed with the court? Yes(' No (e 1. Are you current with quarterly U.S. Trustee fees as Yes (e' Not

set forth under 28 U.S.C. § 1930? Case 22-50073 Doc 250-8 Filed 04/22/22 Entered 04/22/22 16:59:37 Page 10 of Case 22-50073 Doc 120 Filed 03/22/22 Entered 03/22/22 12:43:37 Page 9 of 12

Debtor's Name Ho Wan Kwok Case No. 22-50073

G :Part 8: Jiiiliviilual Gliapter 11 Detifors (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

f. Self-employment related 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 I. Are you required to pay any Domestic Support Obligations as defined by 11

m. If yes, have you made all Domestic Support Obligation payments? Yes(' No(' NIA (o

28 U.S.C. § 589b authorizes the collection of this infonnation, 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. § l 930(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 confinned 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 oflaw. Other disclosures may be made for routine purposes. For a discussion of the types ofroutine 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. § l 112(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.

Case 22-50073 Doc 120 Filed 03/22/22 Entered 03/22/22 12:43:37 Page 12 of 12 Case 22-50073 Doc 250-8 Filed 04/22/22 Entered 04/22/22 16:59:37 Page 13 of 14

Debtor's Name Ho Wan Kwok Case No. 22-50073

Case 22-50073 Doc 120-1 Filed 03/22/22 Entered 03/22/22 12:43:37 Page 1 of 1 Case 22-50073 Doc 250-8 Filed 04/22/22 Entered 04/22/22 16:59:37 Page 14 of 14

Debtor.

Supplement to the February 2022 Monthly Operating Report

As disclosed in the Global Notes to the Statement of Financial Affairs, there were two payments, totaling \$109,827.12, that were inadvertently made by the family on February 16, 2022, on account of pre-petition obligations. These payments are being treated as gifts. The payments, totaling \$109,827.12, are reflected in the \$161,323 reported in Part l(e) ofthe Operating Report.

The payments made were as follows: