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

# **EXHIBIT PAX 08**

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

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| UNITED STATES BANKRUPTCY COURT | | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------| | DISTRICT OF<br>BRIDGEPORT DIVISION | CONNECTICUT | | In Re. Ho Wan Kwok<br>§<br>§ | -----------<br>Case No. 22-50073<br>- | | §<br>§<br>Debtor(s) | D Jointly Administered | | Monthly Operating Report | Chapter 11 | | Reporting Period Ended: 0212812022 | ----------<br>Petition Date: 02/1512022 | | ------<br>Months Pending: 0 | Industry Classification: I 0<br>0<br>0<br>0 | | Accrual Basis ('<br>Reporting Method: | Cash Basis (e | | 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):<br>(For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor)<br>•<br>Statement of cash receipts and disbursements<br>•<br>Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit<br>•<br>Statement of operations (profit or loss statement)<br>•<br>Accounts receivable aging<br>•<br>Postpetition liabilities aging<br>•<br>Statement of capital assets<br>•<br>Schedule of payments to professionals<br>•<br>Schedule of payments to insiders<br>•<br>All bank statements and bank reconciliations for the reporting period<br>•<br>Description of the assets sold or transferred and the tenns of the sale or transfer | EXHIBIT<br>Q<br>Jf(l)f3()_,~ t | | Isl Ho Wan Kwok<br>Signature of Responsible Party | Ho Wan Kwok<br>Printed Name of Responsible Party | | 0312212022<br>Date | 373 Taconic Road<br>Greenwich, CT 06831<br>Address |

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.

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

| | Part 1:easli Receipts ana Distiursem·ents<br>. .<br>·. 31<br>7<br>: ~<br>• "":<br>~<br>"<br>"'~<br>"'"<br>~<br>""<br>~ '::<br>7 | •X • CurrenfMontli *" •• • " Cumull!tive · ::~:¾ .,,;·<br>= +<br>"' | ''fi<br>x"'<br>= ?; :<br>.;: | |----|---------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------|------------------------------| | a. | ""<br>~~~<br>~<br>Cash balance beginning of month | ,,,,<br>~<br>\$0 | | | 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 | | | Part 2: Asset and Liability Status<br>(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 | | | c. | Market ('<br>(Book('<br>Other (e<br>Inventory<br>(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 (ft-h) | \$0 | | | k. | Prepetition secured debt | \$0 | | | I. | Prepetition priority debt | \$0 | | | | m. Prepetition unsecured debt | \$0 | | | n. | Total liabilities (debt) (i+k+l+m) | \$0 | | | o. | Ending equity/net worth (e-n) | \$0 | | | | Part 3: Assets Sold or Transferred<br>· | Current Month | Cumulative• | | | | | | | a. | Total cash sales price for assets sold/transferred outside the ordinary | | | | b. | course of business<br>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 | | | | | course of business (a-b) | \$0 | \$0 | | | Part 4: Income Statement (Statement of Operations)<br>(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 | | | 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 | \$0 | | | i. | Taxes (local, state, and federal) | \$0 | | | j. | Reorganization items | \$0 | | | k. | Profit (loss) | \$0 | \$0 |

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

| | -<br> | rar~ 5: 'l!i:ofessional Eees {ifilE;:m~ps~s . | | ". | ·<br>.<br>!JLs ~"'<br>.,<br>-· ¼Y,zf | -~<br>-<br>-=0-~ I<br>~=:<br>,:;"' x._<br>""xw"' | |--------|--------------------------------------------------------------------|------------------------------------------------|---------------------------|------------------------|--------------------------------------|--------------------------------------------------| | | | | Approved<br>Current Month | Approved<br>Cumulative | Paid Current<br>Month | Paid<br>Cumulative | | | Debtor's professional fees & expenses (bankruptcy) Aggregate Total | | \$0 | | | | | | Itemi=ed Breakdown by Firm | | | | | | | | Firm Name | Role | | | | | | i | | | \$0 | | | | | ii | | | | | | | | iii | | | | | | | | iv | | | | | | | | V | | | | | | | | vi | | | | | | | | vii | | | | | | | | viii | | | | | | | | ix | | | | | | | | X | | | | | | | | xi | | | | | | | | xii | | | | | | | | xiii | | | | | | | | xiv | | | | | | | | xv | | | | | | | | xvi | | | | | | | | xvii | | | | | | | | xviii | | | | | | | | xix | | | | | | | | xx | | | | | | | | xxi | | | | | | | | xxii | | | | | | | | xxiii | | | | | | | | xxiv | | | | | | | | XXV | | | | | | | | xxvi | | | | | | | | xxvii | | | | | | | | xxviii | | | | | | | | XXlX | | | | | | | | XXX | | | | | | | | xxxi | | | | | | | | xxxii | | | | | | | | xxxiii | | | | | | | | xxxiv | | | | | | | | XXXV | | | | | | | | xxxvi | | | | | | |

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

| xxxvi<br>xxxix<br>xl<br>xli<br>xlii<br>xliii<br>xliv<br>xiv<br>xlvi<br>xlvii | | |------------------------------------------------------------------------------|--| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | xlviii | | | xlix | | | l | | | Ii | | | Iii | | | !iii | | | !iv | | | Iv | | | lvi | | | !vii | | | !viii | | | !ix | | | Ix | | | !xi | | | !xii | | | !xiii | | | !xiv | | | !xv | | | !xvi | | | !xvii | | | !xviii | | | !xix | | | !xx | | | lxxi | | | lxxii | | | lxxiii | | | lxxiv | | | lxxv | | | lxxvi | | | lxxvii | | | lxxvii | |

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

| | lxxix | | | | | | | |----|----------------------------|-----------------------------------------------------------------------|------|--------------|------------|--------------|------------| | | lxxx | | | | | | | | | lxxxi | | | | | | | | | lx.xxii | | | | | | | | | lxxxii | | | | | | | | | !xx.xi, | | | | | | | | | lxxxv | | | | | | | | | lxxxv | | | | | | | | | lxxxv | | | | | | | | | lxxxv | | | | | | | | | lxxxb | | | | | | | | | XC | | | | | | | | | xci | | | | | | | | | xcii | | | | | | | | | xciii | | | | | | | | | xciv | | | | | | | | | XCV | | | | | | | | | xcvi | | | | | | | | | xcvii | | | | | | | | | xcviii | | | | | | | | | xcix | | | | | | | | | C | | | | | | | | | ci | | | | | | | | | | | | Approved | Approved | Paid Current | Paid. | | | | | | CmTent Month | Cumulative | Month | Cumulative | | b. | | Debtor's professional fees & expenses (nonbankruptcy) Aggregate Total | | | | | | | | Itemi=ed Breakdown by Firm | | | | | | | | | | Firm Name | Role | | | | | | | i | | | | | | | | | ii | | | | | | | | | iii | | | | | | | | | iv | | | | | | | | | V | | | | | | |

| ix | | | | |------|--|--|--| | X | | | | | xi | | | | | xii | | | | | xiii | | | | | xiv | | | |

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

| xv | | | | |--------|--|--|--| | xvi | | | | | xvii | | | | | xviii | | | | | xix | | | | | xx | | | | | xxi | | | | | xxii | | | | | xxiii | | | | | xxiv | | | | | XXV | | | | | xxvi | | | | | xxvii | | | | | xxviii | | | | | xxix | | | | | XXX | | | | | xxxi | | | | | xxxii | | | | | xxxiii | | | | | xxxiv | | | | | XXXV | | | | | xxxvi | | | | | xxxvi | | | | | xxxvi | | | | | xxxix | | | | | xi | | | | | xii | | | | | xiii | | | | | xliii | | | | | xliv | | | | | xiv | | | | | xlvi | | | | | xlvii | | | | | xlviii | | | | | xlix | | | | | I | | | | | li | | | | | Iii | | | | | liii | | | | | liv | | | | | Iv | | | | | !vi | | | | | | | | |

USTFonn 11-MOR(12/0l/2021) 6

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

| lvii | | | | |--------|--|--|--| | !viii | | | | | lix | | | | | Ix | | | | | !xi | | | | | lxii | | | | | lxiii | | | | | lxiv | | | | | !xv | | | | | lxvi | | | | | !xvii | | | | | !xviii | | | | | lxix | | | | | lxx | | | | | lxxi | | | | | lxxii | | | | | lxxiii | | | | | lxxiv | | | | | lxxv | | | | | lxxvi | | | | | lxxvii | | | | | lxxvii | | | | | lxxix | | | | | lxxx | | | | | lxxxi | | | | | lxxxii | | | | | lxxxii | | | | | lxxxh | | | | | lxxxv | | | | | lxxxv | | | | | lxxxv | | | | | lxxxv | | | | | lxxxb | | | | | XC | | | | | xci | | | | | xcii | | | | | xciii | | | | | xciv | | | | | XCV | | | | | xcvi | | | | | xcvii | | | | | | | | | | xcviii | | | |

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

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

| • > | Part 6: 'Postpetition Taxes<br>• | ' | · | 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 (e' | Not | | | | b. | Were any payments made outside the ordinary course of business<br>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?<br>(if yes, see Instructions) | | Yes(' | No (e | | | | h. | Were all payments made to or on behalf of professionals approved by<br>the court? | | Yes(' | | Not NIA (e | | | i. | Worker's compensation insurance?<br>Do you have: | | Yes(' | No (e | | | | | | 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?

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

| G | :Part 8: Jiiiliviilual Gliapter 11 Detifors (Only)'"." - ""<br>·<br>"" " - "' c;r ,, - ,<br>=<br>~<br>"' ~<br>,/'<br>""'<br>oc '""<br>""-: +: -~ '=<br>~<br>= ",;;: Jr<br>=<br>"<br>,w<br>"<br>-<br>~ | ·' a""<br>' • ~ "' •qq~'"<br>c,<br>- :<br>"<br>"<br>0<br>"'<br>;;<br>-<br>"'-<br>if,-¾<br>,,,<br>~ | |----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------| | 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 | | I. | Are you required to pay any Domestic Support Obligations as defined by 11<br>U.S.C § 101(14A)? | Yes(' No (o | | m. | If yes, have you made all Domestic Support Obligation payments? | Yes(' No(' NIA (o |

#### **Privacy Act Statement**

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.**

Isl Ho Wan Kwok

Signature of Responsible Party

Debtor

Title

Ho Wan Kwok

Printed Name of Responsible Party

03/21/2022

Date



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


**PageFour**

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| UNITED STATES BANKRUPTCY COURT | | |--------------------------------|--| | DISTRICT OF CONNECTICUT | | | BRIDGEPORT DIVISION | |

| --------------------------------------------------------------------X | | | |-----------------------------------------------------------------------|---------|-------------------------| | | | | | In re: | | Chapter 11 | | | | | | Ho Wan Kwok, | | Case No. 22-50073 (JAM) | | | | | | | Debtor. | | | | | | | --------------------------------------------------------------------X | | | | | | |

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:

| Clayman & Rosenberg, LLP | \$89,508.91 | |--------------------------|-------------| | Selas Montbrial Avocats | \$20,318.21 |

Total \$109.827.12