--- type: court_doc id: "court_ctb_3270_0" court: "CTB" case_no: "22-50073" doc_number: 3270 doc_type: "UNKNOWN" filed_date: "2024-06-21" lang: "en" machine_translated: false url: "https://mubeitech.com/en/court/court_ctb_3270_0" json_url: "https://mubeitech.com/api/court/court_ctb_3270_0" --- # Guo Wengui / Miles Guo — bankruptcy case · ECF #3270 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: 05/31/2024　Petition Date: 02/15/2022 Months Pending: 28　Industry Classification: 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　Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit 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) Accounts receivable aging Postpetition liabilities aging Statement of capital assets Schedule of payments to professionals 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 06/21/2024 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. Case 22-50073 Doc 3270 Filed 06/21/24 Entered 06/21/24 13:04:48 Page 2 of 22 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　\$66,750,076 b.　Total receipts (net of transfers between accounts)　\$10,503,827　\$115,020,904 c.　Total disbursements (net of transfers between accounts)　\$549,710　\$37,265,439 d.　Cash balance end of month (a+b-c)　\$76,704,193 e.　Disbursements made by third party for the benefit of the estate　\$0　\$12,757 f.　Total disbursements for quarterly fee calculation (c+e)　\$549,710　\$37,278,196 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 b.　course of business Total payments to third parties incident to assets being sold/transferred　\$0　\$23,540,579 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 \$22,383,079 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 \$0 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 3270 Filed 06/21/24 Entered 06/21/24 13:04:48 Page 3 of 22 Debtor's Name Ho Wan Kwok Case No. 22-50073 Approved Approved Paid Current Paid Current Month Cumulative Month Cumulative \$404,083 \$35,040,944 \$43,153 Debtor's professional fees & expenses (bankruptcy) Aggregate Total Itemized Breakdown by Firm Firm Name Role i Neubert, Pepe & Monteith, P.C Local Counsel \$0 \$2,364,301 \$0 ii Paul Hastings LLP (counsel to cLead Counsel \$0 \$27,845,464 \$0 iii Brown Rudnick (counsel to Ho Lead Counsel \$0 \$0 \$0 iv Pullman & Comley, LLC (coun Lead Counsel \$0 \$708,643 \$0 v Coleman Worldwide Advisors LOther \$0 \$0 \$0 vi Dundon Advisors (UCC financi Financial Professional \$0 \$0 \$0 vii Verdolino & Lowey, PC (financFinancial Professional \$0 \$0 \$0 viii Harney Westwood & Riegels LPOther \$0 \$583,799 \$0 ix Paul Wright Other \$0 \$0 \$0 x Pallas Partners LLP Other \$0 \$305,818 \$0 xi Edmiston and Company LimitedOther \$0 \$1,176,250 \$0 xii Engineering Operations and CerOther \$0 \$0 \$0 xiii Epiq Corporate Restructuring, LOther \$0 \$301,968 \$0 xiv Kroll LLC Other \$360,930 \$1,711,548 \$0 xv Prager Dreifuss AG Local Counsel \$43,153 \$43,153 \$43,153 xvi xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii xxviii xxix xxx xxxi xxxii xxxiii xxxiv xxxv xxxvi　Part 5: Professional Fees and Expenses a.　\$35,040,944 \$2,364,301 \$27,845,464 \$0 \$708,643 \$0 \$0 \$0 \$583,799 \$0 \$305,818 \$1,176,250 \$0 \$301,968 \$1,711,548 \$43,153 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 3270 Filed 06/21/24 Entered 06/21/24 13:04:48 Page 8 of 22 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.　Was there any postpetition borrowing, other than trade credit? (if yes, see Instructions)　Yes No h.　Were all payments made to or on behalf of professionals approved by the court?　Yes No　N/A i.　Worker's compensation insurance? Do you have:　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　(if no, see Instructions) N/A 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?　Yes No N/A 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 06/21/2024 PageFour In re Ho Wan Kwok　Case No.　22-50073 (JAM) Debtor　Reporting Period:　5/1/2024 - 5/31/2024 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)] Current Month　Cumulative July 8, 2022 to Date Actual　Actual Cash - Beginning of Month RECEIPTS Recovered Funds　\$ -　\$　23,712,225.06 Funds received from B. Hofmeister Assignee for benefit of creditors　\$ -　\$　38,778,679.26 of HCHK pursuant to settlement order 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 Funds received from The Casper Firm Settlement　\$ -　\$　48,750.00 Refund from Yachtzoo Yacht Management (Lady May II balance)　\$ -　\$　255.17 Funds received from Axos Bank　\$ -　\$　1,592,469.98 Refund of insurance premium from cancellation of protection and　\$ -　\$　29,255.02 indemnity insurance upon sale of Lady May on 6/30/23 Funds received from Chiesa, Shahinian & Giantomasi PCA for sale of　\$ 10,218,943.38　\$　10,218,943.38 Bombardier jet Bank Account Interest　\$ 284,883.61　\$　3,213,682.67 Total Receipts　\$ 10,503,826.99　\$　115,020,904.21 DISBURSEMENTS ORDINARY ITEMS: Bank Fees　\$ 5,921.17　\$　70,687.20 Fees paid to International Surety Ltd for surety bond renewal　\$ 116,000.00　\$　268,747.00 premium 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　\$ -　\$　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　\$ Escrow　\$　148,287.04 Fees paid with respect to Yatchtzoo for operating expenses out of the　\$ -　\$　431,604.00 Yacht Repair Escrow Fees paid with respect to Harneys Corporate Services Limited　\$ -　\$　1,665.00 Disbursement paid to JP Reynolds Company Inc. (for customs duty　\$ -　\$　14,965.35 and customs bond premium) Disbursement paid to James Pizzaruso for pay roll in connection with　\$ -　\$　31,026.98 sale of Lady May Disbursement paid to B. Hofmeister Assignee for Benefit of Creditors　\$ -　\$　76,150.88 of HCHK (for HCHK admin matters and employee payments) Disbursement paid to RKH IT Solutions (IT Consultant for HCHK　\$ -　\$　17,794.73 Assignee) Fees paid to SHM Newport Shipyard LLC (for Lady May II　\$ -　\$　16,384.10 winterization and dockage fees) Disbursement paid to R.I. Martine Survey (for Lady May II appraisal)　\$ -　\$　700.00 Disbursement paid to Brosnan Risk Consultants LTD (for security　\$ -　\$　57,246.47 services for HCHK Assignee) Disbursement paid to ARD Facilities Management Group LLC (for　\$ 8,000.00　\$　165,950.00 moving and storage services for HCHK) In re Ho Wan Kwok　Case No.　22-50073 (JAM) Debtor　Reporting Period:　5/1/2024 - 5/31/2024 Disbursement paid to FDS46 Crew Series LLC (Lady May II captain　\$　-　\$　2,130.00 salary) Total Ordinary Disbursements　\$　129,921.17　\$　1,935,747.08 REORGANIZATION ITEMS: Professional Fees　2,364,300.97 Fees paid with respect to Neubert, Pepe & Monteith PC Fees paid with respect to Paul Hastings LLP　\$ \$　- -　\$ \$　27,845,464.30 Broker fees paid with respect to Edmiston and Company Limited　\$　-　\$　1,176,250.00 Fees paid with respect to Pullman & Comley, LLC　\$　-　\$　708,643.27 Fees paid with respect to Epiq Corporate Restructuring LLC　\$　-　\$　301,967.56 Fees paid with respect to Harney Westwood & Riegels LP　\$　-　\$　583,799.06 Fees paid with respect to Kroll LLC　\$　360,929.90　\$　1,711,547.76 Fees paid with respect to Pallas Partners LLP　\$　-　\$　305,817.50 Fees paid with respect to Prager Dreifuss AG　\$　43,153.25　\$　43,153.25 U. S. Trustee Fees　\$　15,706.00　\$　288,748.43 Other Reorganization Expenses (attach schedule)　\$　-　\$　- Total Reorganization Items　\$　419,789.15　\$　35,329,692.10 Total Disbursements (Ordinary + Reorganization)　\$　549,710.32　\$　37,265,439.18 Financing of Genever Entities Payment pursuant to DIP Order with respect to financing Genever US　\$　-　\$　11,220.62 invoices for Gallagher Basset Services Inc. (for ATRU and variance drawings, final inspection and asbestos survey and reporting work at The Sherry Netherland) Payment pursuant to DIP Order with respect to financing Genever　\$　-　\$　236,452.00 US counsel fees (Saxe Doernberger & Vita PC) Payment pursuant to DIP Order with respect to financing Genever　\$　3,798.20　\$　220,202.48 US counsel fees (O'Sullivan McCormack Jensen & Bliss PC) Payment pursuant to DIP Order with respect to financing Genever　\$　-　\$　48,659.58 BVI corporate fees (Harneys Corporate Services) Payment pursuant to DIP Order with respect to financing Genever　\$　-　\$　48,900.00 US invoices for ABF Environmental Inc. (for asbestos abatement and insulation work) Payment pursuant to DIP Order with respect to financing Genever　\$　-　\$　9,265.37 US invoices for Gustav Restoration LLC (for 50% deposit for work at The Sherry Netherland) Payment pursuant to DIP Order with respect to financing Genever　\$　8,883.70　\$　225,096.99 US invoices for Acheson Doyle Partners Architects, PC (for apartment stabilization work at The Sherry Netherland) Payment pursuant to DIP Order with respect to financing Genever US　\$　-　\$　2,875.00 invoices for Catalpa Special Inspections, Inc. (for remediation project at The Sherry Netherland) Payment pursuant to DIP Order with respect to financing Genever US　\$　190.53　\$　60,449.03 invoices for Skyline Windows LLC (for window replacement at The Sherry Netherland) Payment pursuant to DIP Order with respect to financing Genever US　\$　-　\$　2,515.01 invoices for Arista Air Conditioning Corp. (for service repair proposal at The Sherry Netherland) Payment pursuant to DIP Order with respect to financing Genever US　\$　-　\$　50,000.00 invoices for The Sherry Netherland, Inc. (for security deposit) Payment pursuant to DIP Order with respect to financing Genever　\$　-　\$　86,068.25 US invoices for Sciame Homes NY LLC (for general contractor at The Sherry Netherland) Payment pursuant to DIP Order with respect to financing Genever　\$　7,457.42　\$　16,856.08 US invoices for Burnham Nationwide, Inc. (for apartment restoration at The Sherry Netherland) Payment pursuant to DIP Order with respect to financing Genever US　\$　54.00　\$　2,562.00 invoices for U.S. Trustee Fees Payment pursuant to DIP Order with respect to financing Genever US　\$　-　\$　33,887.75 invoices for AIG insurance premium Payment pursuant to DIP Order with respect to financing Genever US　\$　-　\$　16,625.21 invoices for Hillmann Consulting (for post fire smoke damage investigation at The Sherry Netherland) Payment pursuant to DIP Order with respect to financing Genever US　\$　3,450.00　\$　3,450.00 invoices for ARD Facilities Management Group LLC (for May 2024 storage services for The Sherry Netherland) In re Ho Wan Kwok　Case No.　22-50073 (JAM) Debtor　Reporting Period:　5/1/2024 - 5/31/2024 Payment pursuant to DIP Order with respect to financing Genever US　\$ 2,068.63　\$　2,068.63 invoices for Cleaning Contractors Corp. (for furniture cleaning at The Sherry Netherland) Payment pursuant to DIP Order with respect to financing Genever US　\$ 12,450.00　\$　12,450.00 invoices for Montvale Moving Services LLC (for packing and moving furniture at The Sherry Netherland) Payment pursuant to DIP Order with respect to financing Genever US　\$ 184,756.59　\$　184,756.59 invoices for J&J Construction Consultants (for restoration work at The Sherry Netherland) Payment pursuant to DIP Order with respect to financing Genever US　\$ 1,750.00　\$　1,750.00 invoices for The Light Touch (for work removing and packaging light fixtures at The Sherry Netherland) Total DIP Financing Items　\$ 224,859.07　\$　1,276,110.59 Net Cash Flow (Total Receipts - Total Disbursements - DIP　\$ 9,729,257.60　\$　76,479,354.44 Financing) Cash - End of Month (Must equal reconciled bank statement)　\$ 76,479,333.84　\$　76,479,333.84 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　\$ 549,710.32 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　\$ 549,710.32 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 MAY 1, 2024 THROUGH MAY 31, 2024 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] - 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. Not all cash receipts held by the Trustee as reflected in this MOR have been determined to be 1 The Trustee is currently investigating the Debtor's assets and financial affairs (with respect to which investigation the Debtor has not cooperated). property of the estate at this time. There are various on-going litigations with respect to the funds held by the Trustee, which, if finally determined in a manner adverse to the Trustee, would materially reduce the total amount of cash held by the Trustee at this time. In addition, cash disbursements included here do not reflect payments made pursuant to the *Order (I) Authorizing Chapter 11 Trustee to Extend Financing Pursuant to Bankruptcy Code Section 363, (II) Authorizing Genever US and Genever BVI to Obtain Post-Petition Financing Pursuant to Bankruptcy Code Section 264, (III) Granting Non-Priming Liens and Providing Superpriority Administrative Expense Claims, (IV) Modifying Automatic Stay, and (V) Granting Related Relief*, entered on September 12, 2023 [Dkt. 2193], which authorized the Kwok estate to finance expenses of the Genever entities, which are described in the summary of cash receipts and disbursements. 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 pursuant to various orders approving interim fee applications and as set forth in the Order Establishing Procedures for Interim Compensation and Reimbursement of Expenses for Retained Professionals, entered on August 18, 2023 [Docket No. 2094]. 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]. On December 19, 2023, the Bankruptcy Court entered an order authorizing and approving the sale of the Lady May II [Docket No. 2449]. 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 pursuant to various orders approving interim fee applications and as set forth in the Order Establishing Procedures for Interim Compensation and Reimbursement of Expenses for Retained Professionals, entered on August 18, 2023 [Docket No. 2094]. 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 3270　Filed 06/21/24　Entered 06/21/24 13:04:48　Page 19 of 22 !-　EASTWESTBANK Your financial bridge®　Direct inquiries to: 9300 Flair Dr., 1 St FL El Monte, CA. 91731 888 761-3967 ACCOUNT STATEMENT Page 1 of 1 STARTING DATE: May 01, 2024 ENDING DATE: May 31, 2024 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 Stay alert for financial scams. If you receive an email, text, or call from someone unknown about receiving or sending money for inheritance, charities, or anything similar, do not respond or share your personal information. Trustee-Non Vendor MMA Account number Low balance Average balance Interest paid year to date　\$66,421,264.50 \$66,421,264.50 \$1,452,952.28　Beginning balance Total additions Total subtractions Ending balance　\$66,421,264.50 284,883.61 0.00 IOI \$66,706, 148. 11 CREDITS Number Date 05-31　Transaction Description Interest Credit　Additions 284,883.61 DAIL V BALANCES Date Amount　Date　Amount　Date　Amount 66,421,264.50 04-30　05-31　66,706, 148. 11 INTEREST INFORMATION Annual percentage yield earned　5. 18%　Interest-bearing days　31 Average balance for APY　\$66,421,264.50　Interest earned　\$284,883.61 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 Case 22-50073　Filed 06/21/24　Page 20 of 22 Direct inquiries to: 888 761-3967 El Monte, CA. 91731　ACCOUNT STATEMENT of STARTING DA TE: May 01, 2024 ENDING DATE: May 31, 2024 Total days in statement period: 31 ( 2) CASE #22-50073 200 PARK AVE　Stay alert for financial scams. If you receive an email, text, or call from someone unknown about receiving or sending money for inheritance, charities, or anything similar, do not respond or share your personal information. \$9,773, 185.73 \$10,233,036.83　Beginning balance Total additions Total subtractions Ending balance　.74 \$328,811 10,218,943.38 (1) 774,569.39 ( 27) \$9,773,185.73 Date 05-01　Transaction Description Wire Trans-IN　Additions 10,218,943.38 Date 05-17 05-17　Amount 116,000.00 12,450.00　Date Number * Skip in check sequence　Amount Subtractions Preauth Debit 05-03 Debit Memo 05-03 Debit Memo 05-09 Outgoing Wire 05-09 Service Charge 05-09 Outgoing Wire 05-09 Service Charge 05-09 Outgoing Wire 05-09 Service Charge 05-09 Preauth Debit 05-15 Outgoing Wire 05-15 Service Charge 05-15 Outgoing Wire 05-15 Service Charge　WIRE TRANS-IN QUARTERLY FEE PAYMENT 240501 0000 FIDUCIARY MAINTENA NCE FIDUCIARY COLLATERAL CLEANING CONTRACTO RS CORP OUTGOING WIRE ARD FACILITIES MAN AGEMENT GROUP LLC OUTGOING WIRE ARD FACILITIES MAN AGEMENT GROUP LLC OUTGOING WIRE DBME LIGHTING IN SALE 240509 SKYLINE WINDOWS LL C OUTGOING WIRE OSULUVAN MCCORMAC K JENSEN AND OUTGOING WIRE　10.00 15,760.00 25.00 5,486.17 2,068.63 40.00 3,450.00 40.00 8,000.00 40.00 1,750.00 190.53 40.00 3,798.20 40.00 7,457.42 Service Charge　Doc 3270 9300 Flair Dr., 1 St FL BK EST/HO WAN KWOK DEBTOR LUC A DESPINS, CH11 TRUSTEE C/O PAUL HASTINGS LLP NEW YORK NY 10166-0005 Standard Business Checking Transaction Description　Entered 06/21/24 13:04:48 EASTWESTBANK Your financial bridge® CHIESA, SHAHINIAN & GIANTOMASI PC A 05-15 Outgoing Wire BURNHAM NATIONWIDE INC Case 22-50073 Doc 3270　Filed 06/21/24　Entered 06/21/24 13:04:48　Page 21 of 22 ACCOUNT STATEMENT I= EASTWESTBANK Your financial bridge®　Page　2　of　3 STARTING DATE: May 01, 2024 ENDING DATE: May 31, 2024 9300 Flair Dr., 1 St FL El Monte, CA. 91731 BK EST/HO WAN KWOK DEBTOR Date　Transaction Description　Subtractions 05-15　Outgoing Wire　AcHEsoN DOYLE PART NERs　8,883.70 05-15　Service Charge　ouTG0ING wIRE　40.00 05-21　Outgoing Fx Ccy　Fx ouT wIRE 1014s1202 1 1 BK EsT Ho wAN KwoK　43,153.25 05-21　Service Charge　ouTG0ING Fx ccv wI　40.00 05-21　Outgoing Wire　JANDA coNsTRucTI oN coNsuLTANTs　184,756.59 05-21　Service Charge　ouTG0ING wIRE　40.00 05-21　Outgoing Wire　KROLL LLc　360,929.90 05-21　Service Charge　ouTG0ING wIRE　40.00 DAILY BALANCES Date　Amount　Date　Amount　Date　Amount 04-30　328,811.74　05-09　10,511,085.32　05-21　9,773,185.73 05-01　10,531,985.12　05-15　10,490,595.47 05-03　10,526,473.95　05-17　10,362, 145.47 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 Statement Date Page 05/31/2024 3 of 3